TFTC: A Bitcoin Podcast - #385: 2022: Year In Review with David Collum

Episode Date: January 8, 2023

Join Marty as he sits down with David Collum to recap 2022. The discuss Ukraine, the recession, and so much jab shit-talking we didn't even bother putting this on YouTube. Follow David on Twitter 9:30 - Hocking loogies and snapping necks 13:58 - Rumors that the 3rd jab compromises immunity 17:02 - Brett Weinstein on Rogan 18:20 - Fauci 20:55 - Vax disaster 26:02 - dog 26:07 - Attitudes and responsibility of the medical community 30:45 - Only conclusion left is deliberate malice 36:04 - Australian data on birthrate 38:27 - Sportsball players dying in the field 42:13 - Speak out, get got 44:45 - Azov Regiment, MK Ultra, and Hollywood pedos 56:34 - SBF 1:04:44 - They tried to kill us with Covid 1:06:33- Who's in control and how much control do they have? 1:16:41 - Trans mind sickness 1:26:11 - Trudeau and Castro 1:27:29 - Where's the financial chaos going? 1:39:41 - Gold 1:49:55 - What's up with Japan? 2:00:00 - Inflation 2:09:30 - A story of redonkulous financial degeneracy 2:14:19 - Remember IndyMac? 2:18:28 - If everyone's mad at the start of the recession, what does the bottom look like? 2:21:00 - Talking monetization 2:24:34 - Bitcoin vs gold 2:31:50 - Family dynamics changed by economy 2:35:59 - Mining bitcoin 2:39:32 - Bullish on nuclear 2:44:29 - Marty is a lesbian woman with two children 2:46:06 - dog 2:52:04 - Ukraine 2:55:51 - Moon landing and flat earth 3:00:29 - Dinner time for dog Shoutout to our sponsors: Unchained Capital River CrowdHealth TFTC Merch is Available: Shop Now Join the TFTC Movement: Main YT Channel Clips YT Channel Website Twitter Instagram Follow Marty Bent: Twitter Newsletter Podcast

what's up freaks it's uncle marty here to introduce episode 385 of tftc sat back down with the salty bald professor dave collum from cornell university talk about his 2022 year in review as always meandering conversation hitting on some pretty heavy topics no holds barred no filter probably won't be allowed on youtube if it is on youtube if you freaks are listening to this on youtube it's probably been uh severely redacted podcast feature getting everything if you're enjoying this right you want to participate via podcasting 2.0 the value for value model you want to support us directly if you're getting value out of the show the conversations if you're getting the entertainment which brings you value you can download apps like

fountain breeze pod verse i'll be echo and you can participate you can send us sats if you're liking what we're saying actually talk a lot about the podcasting 2.0 model with dave in this episode i think it might have piqued his interest a little bit actually too i've been trying to get him for years to to buy bitcoin but he's an old salty gold bug here are the top four boosts from rip 384 nostra got 1.4 billion sats from jack dorsey and ban from twitter with jb55 at eric99 50 000 sats rip in and rip out supporter stay humble stack sats garth 20 000 sats feel parentally obligated now thanks garth b glass 7 667 sats no message at wolf bear claw 5 000 sats no message thank you all for contributing to the show for boosting us for streaming sets we truly enjoy it enjoy it

appreciate it we're thankful that's what i meant it is does bring joy too i do enjoy it i know that you guys are getting something that brings a little tinkle tinkle tingle and then pee my pants a tingle at my tummy not a tinkle dave may tink dave may have tangled a couple times during this we don't know we just know that he keeps pee bottles around this rip was brought to you new sponsor premier sponsor of tftc river river.com are you looking to stack sats are you worried that the person or the company that you're using to stack sats doesn't actually control their infrastructure? Are you worried that they're not focused on Bitcoin and they're distracted by the shitcoin casino? Are you worried that they're not true Bitcoiners? Well,

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devalue their currency bitcoin wins in the world of fiat currencies bitcoin is the victor i mean that's part of the bull case for bitcoin if you're not paying attention you probably should be probably should be sorry i'm gonna cough the whole fucking way hey it's okay we're live now so everybody who's listening just got the warning beware okay yeah so i'm gonna be hacking up flimballs and i'll try not to hit the camera lens so that it becomes a big blur maybe that's the problem maybe i already did hey how can loogie's on the camera talking loogie's on the camera great way to begin the year sick children they're little viral bombs yeah the grandchildren we should point that out so whenever they visit um i end up fucked up my wife ends up fucked up

since we last talked my wife managed to break her neck um slept fell smacked she hit the floor so hard that there was a big strawberry on her head that was the pattern of the bath towel the bath mat shit and so she really un un unprotected fall straight to the forehead and it's the second time she's broken her neck on a on a flub and so it's it's like holy shit are you gonna keep breaking your neck the whole way and she okay i took her in because i uh she's got all functions she's got a bit of a headache that won't go away so she she has some traumatic brain injury i mean there's i can see cognition issues um but it's healing i think she'll end up okay in the end my mother who had osteoporosis was very feeble did exactly the same thing she slipped them

and did a hatter into a big solid piece of furniture snapped her neck right on the spot died immediately instantly no blood big gash no blood oh that's how your mother died holy shit instead of the broken necks are in the family so they should be investigating me right they should there's some there's some some pattern here and you know when you go to the hospital they ask you they ask you do you feel safe at home and i my standard answer used to be when i was sitting there i used to say you know i'm sitting right here right you're asking her in front of the guy who if someone's beating her it's probably me and they go yeah we gotta ask and then and then this this time i said look at her does she look like she's safe at home

i mean holy cow she's got she's got a broken fucking neck but it's not for me it's the home the home's the dangerous part well she just she's not situationally aware so i see setups for problems all the time like i can hear the dogs coming and i and for me i'm saying okay brace your knees because one of them could hit you from behind knock you flat or something and she just doesn't hear it she just it doesn't register to her and so i i can see this slow-mo setup for a disaster and then she uh got up tier not from all the uh all the fleming shit um so it's a little problematic that's funny i have that issue with my three-year-old too i can see i see setups for cataclysmic events they're gonna

make him ball his eyes out try to warn him the the ability to react is not there yet well i've described this to men and women as women try to stop it and men say oh that's gonna hurt yeah we had a lot of and so we had a lot of kook slams down the shore this summer in the ocean yeah he's gonna he's gonna wash ashore there but yeah it's been a year when did this happen um about a month ago oh shit that's not good time i've been sick from about a week ago you know for all i know i have covid i don't know i i didn't bother to take ivermectin no i i wasn't no i wasn't showing enough signs of really sucking gas problem is by the time you're

really sucking gas the ivermectin is not going to do any good but i've taken it before i got covid about a month and a half ago i i got it pretty recently did you get tested i didn't bother no i did not but my wife and i got it simultaneously and she tested positive so i I figure, well, I'm testing by proxy then. So COVID's here to stay. One of the hot COVID stories out there that's been filling my email box, and I sent it off to a biochem friend of mine, who says, well, you know, it's not clear, that sort of thing,

is the claim that there's evidence that the third booster destroys part of your immune system. The first one doesn't do anything detectable. Second one, there's a big delay, and then all of a sudden there's this rise in what's called an antibody, but it has an unusual function. It's IgG4, and it's actually designed to tell your body not to overreact. So, for example, if you do snake venom and you inject yourself with snake venom, you're triggering the IgG4 to tell your body, okay, don't have a hyperallergic reaction to

the snake venom. And then after a while, you become independent of the snake venom. So if a snake gets you, you're not going to die. So this IgG4 antibody, after the third boost, it apparently this uh this this this igg4 antibody increases something like uh 2500 fold no shit so third boost fifth shot third third shot third shot jab okay so um and and the claim is that now you have no first line of defense against the the disease disease walks right through the front door. Your body doesn't see it. I think down the road, there's a defense. I think beyond the IgG4, beyond that wall of defense that your body says anything that's not part of your system, attack. Well, now COVID walks in and your body doesn't recognize it right

away. So you're creating more and more virus and there's no defense. So what happens is you're asymptomatic because the symptomatic most of the ailments you get you become symptomatic it's your you're you're feeling the suffering caused by your immune system battling the thing so i think a lot of the infections and stuff would be much more silent if your immune system wasn't responding you might eventually die from them but but the inflammation and all that stuff wouldn't be there and i had a genetics major about 45 years ago and it's not it's not holding up well right it's a little old and a little forgotten but um but i can kind of pseudo talk about it and so i'm not convinced this is absolutely guaranteed proof now but some very

high level guys are saying it's true so now you become a typhoid mary now you get sick you're spewing out virus you don't even know it you don't even know you're not coughing or anything and um it's not good and then presumably you start getting sick but um did you catch the uh the brett weinstein joe rogan or clips from it from earlier this week what this week no i didn't familiar this week i mean they were going over the stat that fauci biden and walensky and all them spew out there which is that the vaccine has saved three million lives which that's crap yeah it turns out to be that's what they dove into they're like this is complete bullshit they based i think it's the reverse actually it might be the reverse actually that's the

conclusion that brett came to is that is actually a net negative and it probably caused more deaths than would have otherwise happened um the three million certainly the lockdowns caused a bunch too so so the the whole if we just ignored it and treated it like the flu there would be less dead people there would be less seven-year-olds who still don't know how to read you know there's there'd be all sorts of things right yeah yeah there'd be indian kids who can roll their r's rather than now they can't you know whatever you know that's who knows well that's i mean that's a scary thing i mean you mentioned third third shot third jab destroying immune systems i mean that's one of the theories out there is that these shots after a certain amount of them are giving

people aids literally it's destroying their their immune system and that's where when you come back to fauci too that's one thing i dove into in the last year is the the history of fauci and the aids epidemic in the 80s and 90s did you read anthony fauci did you read yes yeah i listened to it actually it's so did i it's horrifying yeah it's horrifying i i you know i've told so many people on social media to read it and i've never once had one say you know i started to just seem like crap and i quit or anything like that i've had people say look i'm 100 pages in and and i'm already convinced we should get a rope and hang the bastard yeah and it was i mean back then too he was creating a solution to a problem it was probably misdiagnosed in the first place

right like the pauper scene was destroying immune systems that's right when he went there when kennedy went to the aid story that deep i'm sitting there i'm going wait don't go there don't go there you're gonna you're gonna undermine your case but he did a very good job so for a guy to come out and say look it hiv may not be the cause of aids you better come armed to the teeth with data but he did come armed to the teeth with data yeah and uh and so so for those who haven't read this hiv is a retrovirus and they were stunned all the virologists were stunned that a retrovirus could be that lethal it just didn't make any sense and we have like a hundred thousand retroviruses in our body they've been around since eternity they're

they're really symbiotic organisms almost right and um and and then at some point as you recall but your audience might not. At some point, they isolated another virus that looked like a real killer. And Fauci shut down all the funding to it because he had hung his career on the HIV-AIDS connection. And the really insidious things is that you recall how awful the AZT clinical trials were run. By the way, a good follow-up book to that is Sickening by John Abramson. haven't read that one yet that's a good one because um it's clear that kennedy hates fauci with every ounce of his being um which which you totally if you read the book you'll totally understand why but um but um abramson is much more sterile and he just describes the complete

collapse of the clinical trial system and and how it's just the whole thing is just a big farce Well, that's, I mean, going back to AZT, AIDS epidemic, the mRNA vaccines, this pandemic, there's a lot of similarities, like echoes in the same individual Fauci's in the middle, like AZT was making people sicker, was destroying immune systems. They were blaming AIDS for it. Yes, and then fast forward, you have the jabs that, I mean, data's coming. They're not admitting it yet, but it seems that after a certain amount, it's hurting people's immune systems and leading to excess deaths. I mean, if you look into the insurance data that Ed Dowd's digging into, and if you look at excess deaths in Europe,

their order's a magnitude higher than the mean historically, and it's just odd that. the number of dead athletes is up 50 x yeah and then the same thing go back to clinical trials you had the pfizer representative admitting in congress that they didn't they didn't test for whether or not this would actually prevent spread of the disease which is the narrative they ran with it's insane well oddly enough you knew that was true because there was not enough time for them to have done it right but then they they lie their asses off they lie about they say you'll be good to go. You won't get COVID. You won't spread COVID. They were completely fabricating that

story. The fact that they didn't have that data, I think, is forgivable. The fact that they pretended like they knew the answer is unforgivable. And then, you know, giving the vaccine to pregnant women, what kind of crazy bullshit move is that, right? So, you know, okay here's the question is this just arrogance and narcissism gone wild or are these guys really trying to kill us that's the big question it's it's really there's a there's a cliff that you go off and by the way most of the the prominent anti-vaxxers i think have gone off that cliff i think most of them the mccullough's the malone's they might not be saying it but i think most of them think that it is some sort of very dark plot some depopulation campaign

yeah some depopulation campaign and people getting rich in the process um do you think the majority of the population now gets it or are we just so twitter centric that that you know you can't be on twitter without hearing this crap right no i think i think in the public outside of twitter maybe deep down they get it but i do think there's a sunk cost fallacy at play where they don't want to yeah exactly exactly they don't want to admit to themselves that they were duped i know i know i asked a uh physician's assistant in my gp's office um are you getting any weird diagnoses in your office weird severity or weird frequency and she sort of paused now i did a little math and I got to figure this chick probably sees 10 patients a day call it 250

days right she's seen 2,500 patients in 2022 right and she pauses and then it's clear that she's just dying to tell me she said yeah we're seeing way more shingles way more in-office diagnosed cancers and way more um way more cardiac problems and i said are other people in the office seeing it and she says i just don't know no one's talking about it there's just no discussion about it it's just there it's the elephant in the room it's the classic elephant in the room you know if if her boss or the docs found out she told me that she'd be fired yeah right i mean you had the um i forget where it was i think it was minneapolis or something but you had one doctor either at a hospital who decided to dig into the vera's data and actually

dedicated her job within the hospital to actually write vera's reports to send it and she wound up getting fired for bringing it out for me like hey something's something's going wrong here the amount of patients so i have this so there's people who i firmly believe should be taken to the haid tried convicted and hung from the neck until dead there's that groups i can identify countless hundreds potentially i don't know what to do with men i don't know how what i think about what should be done with the medical establishment that did that right because i've seen it first saying you mentioned pregnant women my wife was pregnant we had our second child in june of last last year 2022 so she's pregnant like the back end of 2021 first half of 2022

when we first went to like a gyno appointment the boston terrier visit oh what's up dude but my wife and i were when we sent in we were asked are you vaccinated for covid we said no we were pressured twice and then once two times in a row we're like no we're not doing it then they stopped but then um later that year in 2022 i had to take my oldest son to a pediatrician appointment and it's the first time we went there last time we went there also but she she began questioning us actually we were there for an appointment for our son and she asked my wife and i if we were vaccinated for covid and we said no and it was crazy the tenor of the conversation and her whole mood shifted and she actually started she's just an idiot she's just

an idiot yeah and she started she started treating our son she started treating our son like negatively which was right our two-year-old son so so she has read nothing so the first fact that she should find is that there's there's almost no documented case of a healthy kid dying from covid so there's no reason whatsoever to vaccinate the kid none zero and there's a million reasons not to so um i know i look like you know some james bond character with my cat but it suits you well i can control i can yeah i know i know i can control her up here more than if she's on my lap yeah um and i can't keep her off my lap yeah so what do you think it is with the medical establishment you think these people just aren't doing research

are they part of a sunk cost fallacy like they don't want to come to grips with the fact that they really push this i don't know i i was talking to a friend of the family a couple weeks ago and she comes strutting in my house with a mask on And even the authorities are now saying masks didn't do anything. The White House medical advisor said they do nothing. They do nothing. Lena Nguyen, CNN, they do nothing. They're facial decoration.

So even the psychopaths are admitting the masks achieve nothing. And we knew that before COVID because they had done some like 30 clinical studies before COVID on flu epidemics and found there was no evidence masking does anything. In John Barry's 2005 book, The Great Influenza, he said mess did nothing. And so how could they be so ignorant? Because once I learned that, and, you know, it's like the six-foot distance. The six-foot distance comes from someone who actually said you can kind of measure. It's about three feet. So they just doubled it.

They just made shit up. burke's is a moron fauci's a brain dead was at one point was smart but now he's a brain dead bureaucrat i don't i mean i know i think he's more nefarious than that personally oh he's a dark bastard yeah yeah so fauci's but here's what i i got into with chris irons and i brought up the example of fauci doing clinical trials of various drugs on inner city foster kids and and when the kids realized that drugs were making him sick and they'd refuse to take the drugs they'd shove it for shell feeding tubes down their throat they force feed them the drugs and there's nothing more dastardly than that because there's no one who's more vulnerable than

an inner city foster kid and chris kept saying well they they wouldn't do that what do you mean they did he says but what adults signed off i said fauci and they said no the adults overseeing the kids i said inner city foster kids you got foster parents who are just collecting 100 bucks a month or 100 bucks a week they don't give a about these kids these kids are easy to round up because this is just an extension of welfare checks yeah were they getting paid by the trial as well on top of being foster parents probably yeah probably you bribe you know the foster mom and say yeah and she said yeah he's a little can't stand the kid yeah go ahead and do the clinical trial so they 13 000 number of fatalities dr mengele is rolling in his

grave on the yeah yeah you can't talk with the tubes in yeah do it it's uh that's all and i mean so i don't i don't know what i don't know we we keep getting forced to a conclusion that seems so preposterous right in some way we go they can't be that bad but all the data says but the data says they're that bad everything points to fauci being a mass murderer everything do you think anyone can read the real anthony fauci and not come to that conclusion is that possible no no i mean my wife she was one of those people who like we listened to it in the car and she we listened to it for probably an hour and she said you got to put your headphones in

listen to it yourself i can't i can't stand it i can't listen to any more of this yeah right i just finished uh poisoner in chief about sydney gottlieb and the cia in the first 30 minutes of the book i mean when world war ii ended we ran over we not only grabbed the rocket scientists which made total sense right german rocket scientists of course we also grabbed all the german doctors who did all the experiments on on on on holocaust victims that's where mk ultra right that's right and and we grabbed them all up and we gave them uh we gave you know that we gave them sanctuary uh a couple of them were tricky because they were so heinous that getting them cleared to be brought over without getting punished was quite a feat

we brought them in and put them in these cia operations these guys told us all the shit they did about freezing people to death to monitor what happened and our cia was doing this shit and so there's no reason to believe that this has stopped no i mean so we're here to talk about your 2022 year in review is this the longest one you did right it's 200 pages no last year's 319 yeah so two thousand i left about and i left about 60 pages on the cutting room floor that were rough draft written yeah well i decided i wasn't gonna upload it why because i didn't think people wanted to hear about coven again um i mean that's bringing back to coven that's what i worry is that people are just gonna let it get swept under the rug and everybody's got their eyes in

the air like let's just forget about this and it will it will there's no epstein where's epstein we're not going to hear about ftx which we have to get to before this is over right we definitely will especially on this show there's all sorts of i know there's no way i'd let you off your own podcast without talking about it but we can talk about later um and uh and so it all get swept under the rug and i am i naive to think am i naive to think that the collateral damage of excess deaths is going to be too undeniable that it's not going to be as easily swept under the rug as like an epstein or an ftx where people were where it's abstract what's abstract. Yes. I think it's possible. There's certainly going to be anyone who lost

a loved one to the vaccine, anyone who lost a loved one to being intubated to death, anyone who lost a loved one to getting remdesivir into oblivion, they really should be questioning the story. And even guys like Bhattacharya, who was actually pretty controlled in his view of, in his presentation of the medical community is getting pretty militant now and so i i think it'll come out but it's also one of these things you know what are the odds oswald was the sole shooter of kennedy and the answer is zero right i mean that just came out publicly right right it's zero i mean for one thing if you go back to the original data the guy would have had to have been able to shoot better than anyone in history was known to be

able to shoot with a bolt action gun. I mean, it just made no sense. So we know they're still hiding the data. So what? And by the way, as they leak out papers, a thousand here, a thousand there, what makes you think they're not modifying those papers? What makes you think the thousand at a time isn't just them creating a thousand new drafts i mean they modified all the all the research data yeah yeah what what why why do you think why would anyone think that that the release of the warren commission papers would be done in a way where we actually get the data even if if they tell us we get it i don't know there's no reason to believe that they're not going to rig it well so again that's why like they can't control it to some extent that's why i'm very

thankful for people like ed dowd who are diving into other sources of data particularly life insurance policies and really highly right hey we're having like an 11 sigma event here in terms of it and it is that many sigma it's a bad it's a they said if if it went up 10 it would be six sigma and and so and then there's there's data from australia which i think has now disappeared but of course screen grabs existed was from the australian national website on birth rate and this is a trivial thing to keep track of because you go to the hospital you pop out a kid you fill out the paperwork goes into the database right this is this is no-brainer stuff and the australian birth rate showed no flicker until late 2021 but nine months after the vaccine

was released and it started to drop and it went down by the end of 2021 80 percent 80 fucking percent and i mean germany that was down like 20 percent norway it should be down everywhere should be down everywhere except for maybe sweden where they said it yeah but that's something so we're trying to steel man this i feel like the birth rate they'll try explain away people were locked down they weren't having as much sex the evidence to that is zero yes but they'll use right that's why i think the life insurance claims are are the signal and the data that should be leaned into i think they're both the signal because you know it's like the climate change story where they say oh climate change is causing myocarditis right yeah no i don't think so dudes

they're saying that they're saying that you know it's causing more car accidents it's just absurd things oh it's egregious how stupid they think people are or maybe how stupid people are yeah how stupid they know people are that's right people think that the authorities like the head of the national pediatric society would never lie well they did in april of 2021 when vaccinated fetuses were still five months away from coming out to shoot and and the head of the pediatric society said it's safe to get vaccinated if you're pregnant it's like that hamlin guy keeled over and all the docs are you know it has nothing to do with vaccine i go you're lying you're lying your ass off you skanky piece of shit why are you lying

intentionally you can't possibly as a cardiologist believe that you know from looking at the footage look at the game films how that guy died or how that guy collapsed but they go off their line is this a soccer player no this is the football player last sunday oh oh lamar hamlin lamar hamlin yeah i watched the films he didn't get hit in the chest i did freeze frame watch the films he got hit in the right part of the shoulder part of the head glancing blow so he turned his body nothing near the heart and certainly nothing where the body took the whole force of the head it just rolled right off him it was a nothing hit and then he stood up he stood up and he seemed fine and then often just staggered so i think what the hit probably

did is trigger a blood clot i think the blood clot was probably sitting there waiting just hanging by its fingernails and then all of a sudden it said i'm gonna let go now yeah the nfl's come out and said that if you theorize around this you're spreading medical misinformation officially yeah because because they're they're officially liars now i would love to go on tv and debate any of those people any of those people i would go on i would risk my reputation to sit on that uh sit at a on in a microphone and debate the person because i'd destroy them i would destroy them yeah and you wonder how many of these players are just staying quiet who are actually very worried about all this all of them they all have to know it right there's there's a according to

tucker carlson who's one of the only guys want to say shit there's a 50-fold increase in collapsing on the athletic field compared to pre-vaccine now i don't know if he's right but i do know that i'm inclined to believe him more than anyone else i mean just perusing the headlines it does seem like hey i don't remember this many athletes falling dead on the field well you know you remember kids in high school and gym class keeling over dad no no it's just it's just do you remember anywhere in the city that you grow up in of that story because that would be a headliner i mean you hear the one off you hear like the one-off high school football player gets the heat stroke and keels over that's even rare that's even extraordinarily rare in fact

that happened a number of years ago and they said that's actually the first time someone died from it i'm not sure heat stroke deaths are are even well documented yeah but on the other hand the nfl has been lying about concussions as long as they've been lying about concussion so i did a twitter poll the other day and said what are the odds that if let's say they trace it to the vaccine that they'll admit it now the reason they won't admit it is first of all because of pressure from the authorities right the the deep state whatever you want to call it there's a pressure for them to go if if some guy goes out and says this is the vaccine boy he's gonna there's gonna be hell to pay and the other the other thing is since they made all their players get vaccinated

it would be a disaster yeah so the nfl the nfl can't admit it 5g will never admit that ivermectin works people will continue to die unnecessarily from a severe flu and they could have taken ivermectin and so they're mass murderers i have no patience i want them tried i want them convicted and i will throw the switch that would be you could you could auction off that right you'd get a lot of money you could it's i'm afraid it's never going to happen though which is unfortunate no it's never going to happen be it's it's like we still know about epstein there's too many important people involved yeah what uh what just happened with that and was it a an attorney general out

of the bahamas tried to someone tried to an attorney general in the bahamas sued jp morgan for their dealing with epstein and she was jobless within three days yeah i think she was trying to get access to the client book or something like that right she was jobless within three days i what would you do if because of your ignorance some medical procedure was done to a family member and you realize then it killed them what would your response be i'd hope that i'd have the temperament to

i don't want to say be forgiven yeah you know you know i wouldn't no i don't i want revenge yeah i want revenge yeah i don't i don't hope i don't think that the high road is not temperament to forgive the high road is clean up the swamp yeah let people know this is not right right I like the guy in the Los Angeles Police Department who declared war against the Los Angeles Police Department. And he ended up getting killed. And what a shock, right? Oh, we can't let him come out alive. So they burned him in a house. There was a final standoff and they corner him and they burned the house down. So he died. But I read his manifesto. He wasn't a loner he wasn't unhappy he had simply had enough of los angeles's corruption so he wrote

this long manifesto described who are the bad guys who are the good guys and then died for it he did it for us when was this about six years ago i think his name was chris something it's in one of my year in reviews yeah no it's pervasive i mean we go And all of it intertwines, too. Like, we're talking about the CIA, all these authorities. Are they malicious or simply incompetent? I mean, touched on your year in review. We just discussed how the NFL mandated it for their players.

I mean, you had the trucker rally in Canada where people were protesting. Chrystia Freeland being a Ukrainian Nazi? Yeah. Right? Right? I mean, she's a Ukrainian Nazi. her grandfather was a buddy with goebbels yeah what is the uh the name of that that branch of nazism they have like a holiday for the guy uh well stepan bendera is the famous nazi who they

celebrate his birthday and he was fighting ukrainians and soviets during world war ii with the germans and if you go on twitter here's the homework assignment go on twitter you don't even have to do a time sensitive search if you just go search aesop battalion which is the main fighting force for ukraine right now you'll find nothing but horror stories horror stories about who these guys are the equivalent of mexican drug cartels they'll dismember people you know there's videos of ukrainian doctors saying you know we're getting russian former russian soldiers who were treating because they got castrated you know they're just do it they're just awful awful people the aesop italian are the most ruthless sons of on the planet these are the freedom fighters

that all the yellow and blue flag wavers are supporting and this was well understood before february of 2020 well understood it's still well what's stunning to me is it's still well understood i would have thought there'd be some sort of mechanism to clean it up but it was the stories about the azoff guys were so over every media outlet over the last decade and the ruthlessness and the anti-semitism and the ethnic cleansing patterns and all the civil rights watch groups had them in their sight saying these are bad bad guys and these are the guys our cia decided we would arm them and they would fight russia again cia coming back into it yeah seeded with nazis back in the early days i i had i had dinner

with the former head of the cia one night how how did that go really uh well he happens to be a former chemist now what's interesting it didn't mean anything to me at the time but he's a former chemist in mit well if you track the cia epstein crap and stuff like that it always goes to harvard and MIT, there's about 50 or 60 schools. But Harvard and MIT are a real tip of the spear. So they appear to have set up shop. And the CIA was funding, I think, a huge percentage of the psychology studies. You know, these famous studies like the Milgram experiment, stuff like that, that everyone likes to quote. You know, where they zap people with charges, they see if the if the person is willing to uh up the charge even though the guy's screaming or the prisoner

prisoner guard experiment where they where the prisoners start treating the guards start treating the prisoners they're just role playing but then precinct they're brutal this was all cia like just these weren't cute experiments by psychologists these were psychologists who getting vast sums of money out of the cia to do experiments on humans and i'm sure they're watered down they talk about oh there was an actor in the other room i'm not convinced it was an actor in the other room screaming at the top of his lungs in pain they might have just been a guy getting zapped and so you just you just don't know and then i read uh chaos about charles manson and And I wouldn't have because it sounded hokey to me.

It was about Charles Manson's massacre, Sharon Tate, the Bianca killings, I think. And three guys, credible guys said, you really ought to read it. It turns out it was too long a book for too little real punchline to me. But eventually the author, much to his own dismay, connects the manson murders with the cia's operations in san francisco where they were testing the effect of acid on mind control yeah it's mk ultra and that it was mk ultra and then all of a sudden the guys in in the san francisco's mk ultra program worse he was able to connect up back with the boston mk ultra guys and and so it was pretty clear that manson was and manson was

protected by the authorities he said what was so mysterious is he kept getting out of trouble he kept wiggling off the hook and uh and so i would i would not recommend the book although it was kind of an interesting journey by a reporter who didn't know what rabbit hole he was going down and explaining all the dead ends he had and stuff like that so in that sense it wasn't bad but it was really too long for what i got out of it um the thing he didn't explain was why all the Hollywood elite shut the hell up. The first wall he hit where he wanted to write an anniversary story about the Manson killings.

And he not only hit people saying, look, I don't really want to talk about it. It's kind of a bad period. He hit doors being slammed in his face. And he never explained it. And I sent him an email and said, I really didn't get the message as to why the hollywood elite shut you down and his response was what's in the book i'm going i

read the whole book and you didn't tie that off very well right but i it was clear you know what tell me i don't know what did you did you follow the the kanye saga at all late last year i i know of it but i i i my interest in it was minimal yeah but there i mean i mean i'm we don't have to get into no i'd love to hear if there's a subplot that i missed well there his trainer and former doctor who put him in the loony bin um uh years ago he he shared screenshots of his conversation with him uh and basically i think the dude's name was like harvey pasternik or something like that or his name is and in the screenshots he says you have two options you can apologize or i'll drug you up and make you a zombie for the rest of your life and you'll go

back to what you were in 2016 when i first throw you in the clink and it's come to be apparent that this guy's ex-masad and is the trainer of a lot of hollywood elite and one surmises so maybe so so maybe hollywood is super super dirty the whole weinstein thing and pizza gate you name it right maybe yeah if you go back to there were i mean there was a in the 70s and 80s i believe there's a big like luciferian like cult within hollywood like sammy davis jr a bunch of other right you hear about these you just don't know what to do with them right but in the chaos book about manson they're talking about all the acid parties and stuff which the players you guys like carrie graham doris day and stuff you're going really these guys were a bunch of acid heads are you

kidding me you know so so i think hollywood was pretty degenerated um i'm just i'm not a very photogenic uh podcaster today i'm having trouble sitting still and um yeah then you get in like kubrick films like eyes wide shut the uh oh that's a weird one yeah that's a weird one in its totality but or not in its totality and what was released to the public but their stories that 30 minutes of the film was forced to be cut out because uh it sort of spilled the beans on it's too close yeah well you gotta figure things like studio 54 and stuff went down some very dark very dark paths you know behind the scenes right and i think to explain things like pizzagate and and uh and the harvey wine seeing these guys i think it's

you go down this dark path incrementally so you first start out near you just want to bang hot chicks right the next thing you know you're just getting kinkier and kinkier and weirder and weirder and the people around you are signing off on it and there never seems to be a consequence so i think there must be a pedophile ring a global elite pedophile ring i think that must exist and one of the reasons is as you read all these stories about the child trafficking problems the chronic child trafficking problems once a while you'll see a news story where some truck has opened up and there's like 40 kids in there you know something like that these kids are not being sold to people living in trailer parks these are expensive young children and so then the question

becomes uh when was the last time you ever heard of a prominent person getting arrested for signing off on a kid never ever i mean publicly in recent years you had kevin spacey robert de niro get dragged and look what happened kevin spacey's look what happened kevin kevin spacey four people sue him for bad behavior three died and the fourth said i'm okay three of those three of kevin spacey's four accusers died yeah i mean this could potentially even tie into ukraine i mean that was your signal signal of the year before february 2022 too ukraine was known as this hotbed of human trafficking drug trafficking and then there's this odd connection where all of a sudden there's q anon shaman getting a selfie with the ukrainian

azov battalion guy at january 6th what the hell was that all about yeah what's the azov battalion doing at january 6th logan pull up the this sequence of pictures here because we have uh we have part one of the year in review who is this guy he's everywhere he's uh in ukraine at capitol hill i just don't know he supposedly is a prominent ukrainian nationalist blogger he's got a very good six he's got very distinct features too which is right you're going to send that guy and then you find out you know it was public knowledge but you know ukraine is the largest donor to the clinton foundation the guy who who supported a lot of zielinski's

real estate ambitions and stuff turned out to be the owner of burisma you know it's just it's just this filthy disgusting sort of path of lies yeah hunter hunter's laptop involved with it i mean yeah and uh and then all of a sudden they're doing that 24 hour i can't remember the guy's name no wall or something 24 hour ftx pod uh twitter spaces that i jumped in and listened to for a wow, because it was a very rapidly breaking story. But all of a sudden there, Hunter Biden is the guest. What the hell is Hunter Biden doing as a guest on a Twitter space about FTX?

Wasn't he pumping his NFTs or something like that? I don't know, but it's still a weird connection. And then, of course, you know, Sam bank fraud, you know, Sam Bankman freed fraud, whatever. Sam Bankrupt Fraud, right? Did you know him? No. I think you'll be proud to learn that I've been calling him out for years.

He never made any sense to me. It's one of those things where somehow, you know, Cohodes gets credit. But based on what I was reading after that, it seemed like it was in plain sight the whole way. yeah so i started calling him out in july of 2021 he did the cnbc spot with joe kernan and sorkin those are so disgusting all right and so i've been blocked by sbf on twitter for like two years now and he uh he was doing the spot and essentially he was they were talking about

proof of work why bitcoin mining so energy intensive versus proof of stake which isn't as energy intensive and during that interview it became clear to me that he had no idea what he's talking about this was somebody who's vaunted as the head of the crypto industry and he clearly displayed to me in this five-minute interview that he actually didn't understand how any of this worked and so that's when so so there was the paradox between the boy genius and then the guy who knew nothing after the fraud broke and so you're saying the new nothing was the actual factual part yes and it was very clear to me years ago here's the question is so he obviously was a front man we should just talk about he obviously was a front man for this gigantic money laundering

scheme i saw problems with the number of the the crypto uh exchanges and the the stable coin things when they were giving away crypto to open accounts and stuff like that and i go well then you're undercapitalized right away you're eroding your capital base your bitcoin and then i started hearing about some of these guys using uh crypto as their reserves for their stable coin i go this is there's no chance this is going to work out well yeah and and and and but but it appears as though this thing from the beginning was nothing about crypto it was about money laundering from t equals zero completely agree i mean just the whole the whole origin story of ftx spinning out out of alameda and alameda coming to prominence with their quote-unquote

kimchi trade where they were arbing the price of bitcoin uh between western and asian markets never made any sense the the fact that they were able right if if the trade was even possible if the trade even happened if they actually made money doing that trade technically possible but the ability to spin up bank accounts in japan and south korea other i put it they were i said anyone can pump and dump a crypto a random crypto but they somehow managed to monetize it into real real wealth and i couldn't understand how that could happen no it came out of nowhere and within years came out of nowhere within a couple years super bowl commercial naming stadiums buying up and that all costs money which means therefore

it just doesn't add up and then the other thing that's surreal is his parents must have known so they let their son walk into a shit storm of a higher order they let their son walk into into a shark tank to use dennis o'leary's well and it seems like yeah fuck fuck what's his name it's not dennis o'leary kevin o'leary kevin o'leary fucking loser but i shared a stage with him one day at a finance meeting is he as douchey in person as he seems on camera i would probably say so yeah you know all these hucksters have this uh sales pitch that's thick right it's real thick yeah mr wonderful it's a good brand name to run with right so then the question is what what is missing from the model that basically says

government funds were laundered into ukraine ukraine then laundered them somewhere along the way with ftx's help and somewhere along the way with the national bank of ukraine back to the dnc and various packs that the dnc supported or supported the dnc but they're basically super packs back to the politicians lining their pockets and their campaign coffers right what about that story is incomplete or wrong or whatever i think maybe the order of operations uh because i think the super pack was the first thing out of the gate right after ftx right after ftx uh went live i believe in 2018 or 2019 that's when sam's mom and her super pack raised a shit ton of money almost immediately entire corrupted family right i mean it's a it seems

like it's just this it's it's a mafia family right it seems like with less morals with less moral standards yeah and then you you drag in caroline his ex-girlfriend slash business partner ceo of alameda slash needs need some shampoo yes uh and her parents the stanford mit connection gary gensler gary gensler yeah um it's all rotten that's right that's the thing though like i think i don't know if you saw but i i tweeted about it about 24 hours after the the collapse broke and and you know how ignorant i am of crypto but i smelled the problem right away i said holy shit this is not the collapse of just crypto and i put out a tweet that said before the story's over there's going to be um there's going to be uh hodlers washing up on beaches around the world

mm-hmm so that was my spidey sense saying this is not this is not about some collapsed hedge fund no and then only a week later you had the founder of one of the more popular crypto uh synthetic stable coins wash up ashore only days after tweeting out that massad and the cia were running some weird sex trafficking in the bahamas blackmailing him blackmailing him too yeah and uh and so there's this sort of depth of depravity in the geopolitical world and this doesn't even include you know the great reset guys who are seem to be the like the pinnacle of evil no not yet i mean who knows that could be involved they could i mean that was sam's brother so if you had a better paycheck right now

are they did they try to kill us with covet all right this one's definitely not going on youtube but yeah i mean you can cut this part out pop the other day did a podcast he was really funny he would all of a sudden show up in the podcast says okay turns out dave talked about stuff i can't put on youtube and so i'm telling you right now and then he'd go back to the podcast and meanwhile i'd be blanked out yeah no i mean i don't know i find it hard to believe that the incompetence could be that grand i know i tried to pin down scott alice in a zoom call one day about you know

fauci's motives and i really couldn't pin him down and he kept coming back to the you you cannot fathom the level of incompetence so he kept coming back to the convenient story in my opinion that that fauci and burks were just so stupid i don't know and i'm going i don't know i don't know they could be but someone from behind the scenes was doing something i was on the fence until the most recent conversation i had with whitney webb and one of her co-authors on one of her recent series what's his name ian ian um last name's escaping me right now a british guy though i think yes and during that conversation i asked her do you think it's incompetence or nefariousness and she laid out a pretty

convincing case that there is some nefarious intentions behind all this covid world economic forum great reset ukraine so this gets us back to the question of who are the big players is this you know the u.s banking system versus the davos guys like longo says what do you what does it mean i don't know what it means i don't know i mean you go deep down conspiracy theory rabbit hole people will talk about the ancient we've been down there for about an hour now i know well we haven't even touched on like the ancient families that are really pulling the strings behind the scenes that right are using all these entities as front men so that's where why have you been wondered about the catholic church and and on a podcast someone said why i

don't they they implied the church was a religious organization said no i'm talking about the catholic church the financial entity yes the vatican the vatican and the vatican it's not about religion at all it's about the fact that you go into any town and they own real estate in any town yeah and they own they have the largest war chest of fine art on the planet right so so so they've been compounding wealth for 2 000 years so where is it what what what strings are they pulling then you get these guys like archbishop vagano who comes out and starts attacking wef and and claude schwab and you're going holy so i had a an anti-vaxxer he's actually anti-remdesivir guy say he said you really want to know what i think it is i said yeah i do

he's famous for remdesivir opposition and and he said i think it's um i think it's the was it the davos crowd against the church or china against the church so it's conceivable that the catholic church is actually represents the power center of the western world would not shock me i mean yeah i don't know where where'd all their money go if if they don't have it well wasn't the weird thing with the vatican didn't they recently like tell anybody associated with their bank to or associated with the vatican the money back into the vatican yeah the money back in i think yeah the other thing that's happening that may be related to all this is central banks are scooping up gold to an unusual extent in 2022. everyone except for canada

do we know that's true i don't know do we i thought they sold all their gold like the last five years it could be the bank of england equivalent right trudeau being a boob yeah no but certainly russia russia and china have certainly been building up their gold reserves for two decades at least they had a big spike no they had a big spike in 2022 they scooped up a lot yeah i mean there's a lot of talk of the the bricks go going to a commodity-backed currency gold obviously would pay a play a big part someone of prominence but but it might be prominence in our twisted little digital world, right? Said that he thought that China had something like 85,000 tons of gold.

That's 10x the U.S.'s claim. That's. There's a huge number. And it's not on their books, obviously, if it's that big. actually it's it's in their state-owned industry supposedly so if you supposedly if you dig into these big state-owned mega industries in china that they have gold stashes and since they're state-owned they're china's yeah but they can you believe those numbers that's the big question i know i don't know what to believe at all yeah i don't know what to believe about anything

no at all so how do we navigate this world as individuals subjected to all this craziness we can make the argument of saying quit doing what you and i do so routinely like a cat chasing a laser pointer and stop paying attention just let the world you know spin out of control without us knowing because you say there's nothing we can do i mean you would say you know by bitcoin i'd say by gold you know that's fine um and uh so it might save our bacon knowing but it might be we're just going to be miserable wretches and you know i'm going to be 90 and you're going to be 65 we're going to remember when we used to talk about all the bad and nothing happened right yeah but if somebody with young children

i don't want them to grow up in that world maybe it's the naive youthfulness i still have left that's we can stick it to them i truly mean one can make the argument that you grew up in your world they're going to grow up in their world and you don't really have a lot of control over the two right every generation has their crossed about the dog the dog movements here are making it's a very difficult podcast um here comes fiona at least it's not charlie he's a tank um so um it's tiring to watch and also being sick doesn't help me today either so probably now you're still on now you're on point yeah yeah well my wife said don't do the podcast you know how bad you sound

And I said, I sound bad every time I podcast. I don't know. Yeah, your voice is a little deeper. Yeah. That's good. I like sick Dave. Sick Dave. Sick Dave has always been sick Dave.

Or as I like to say when they were talking about the symptoms of COVID, I said, but I've always been tasteless. I don't know. I don't like the fact that the idea that maybe it is a fact. Hopefully, it's just an idea that these people have control over the outcome of my life. They do have control. Yeah.

Well, they always have. Right? The closest you can come is some 19th century U.S. You know, the American experiment was unique. and it's possible it's just coming to an end i think definitely i mean the and maybe the saving grace is the 10th amendment and we hope that states within the united states assert their autonomy from the federal government how did that work how did that work during the lockdown florida florida and texas did okay i would say right but one of the you know the book

technocracy by Patrick Wood. He talks about the idea that the globalists want to get rid of the very notion of sovereign states because they're in the way and that they want regions. And then you start going, okay, let's go real weird and talk about George Soros, right? Which I really hate talking about George Soros because he's a garbage can for bad ideas. but george storos he doesn't seem to buy high level politicians he seems to buy low-level politicians district attorneys police chiefs right and governors and things like that yeah and that would be consistent with the idea they're trying to build a model where everything is being called at the state level it's not like the governor of new york you'd want to trust yourself

with no it's not like the uh it's not like you know governor of michigan california holy gavin newsom what a nightmare i mean he's corrupted my hometown of philadelphia he bought the d.a there just completely eroded any sense of justice yeah really and then you've got things like the you know the errors the elections still seem terribly corrupt it seems like this time they kept the noise level down but you know the arizona elections were up and had the toe i mean how the hell could that woman overlook an election her own election her own election yeah right and and then you find out that you know i guess in there an article just came out that said there were 150 000 um unaccounted for votes in wisconsin in 2020. they've been

able to attract 150 000 people who were not in the state when their vote was registered demonstrably in another state voting in another state i mean you go back to 2008 and you look at ron paul's performance in massachusetts i had a friend who actually went door-to-door he's from massachusetts went door-to-door in his county like knocked up like who'd you vote for and like he counted more ron paul votes doing that than were actually reported well then there's also the news which to me that the corruption of the media is our biggest problem because they used to be the watch dogs but the news would talk about a primary where ron paul would take second and they would literally skip over ron paul and talk about the third place performance fox news had ron paul

on a do not mention him by name list what was he pushing revolution that's uh he was just pushing you know don't spend a lot of money and don't don't re-elect the losers right but you know i was just reading an article this morning about how horrible it is inside women's prisons where they're where they're locking up transgenders and they're kind of pregnant and and probably not in the most comfortable form of loving sex either yeah and the women in there going what are you doing to us in here right and most of the women in prisons are probably there for drug charges or something i don't know but um the idea of locking up a transgender in a women's prison it requires

a special kind of stupidity or perversion or something to think that's a good idea there's just nothing especially when you get to just declare it if you were sent on a 10-year prison term wouldn't you go transgender before you got there right it's uh of course so let me see if i got free room board and unlimited sex well that's that's another one of the theories is that we're basically entangled in a cultural revolution where maybe something like China or Russia is seeding these woke ideologies into the United States.

But they've been doing it for many, many years. Decades. Yeah, decades. And the Saudis made the mistake of handing their educational system over to the imams. And then were shocked to find out that about 20 years later all the kids were radical hobbyists yeah and we handed all of our educational system over to the activists and now we're shocked to discover that drag shows and weird shit like that are being

promoted in schools and transgender is being promoted in schools rachel levine's the the health czar here in the united states right yeah i'm losing um i have no fear of this particular part of the the world at this point so back in 2021 i got canceled it was unpleasant it was based on nothing so it made it weird um but if someone wants to come at me for saying that you know you shouldn't let men and women sports i'm gonna go to war yeah i am i promise you i'm gonna go to war i'm gonna i'm gonna make call out the administrators and say do you do you therefore support this state it state it so so i've thought about this i said if it ever happened again i think the first thing i do is approach cornell say look here's the deal

i don't want to throw corno under the bus you guys handle this well i'll just shut the up it's like the first gulf war remember when saddam was throwing scuds into israel the israelis knew well turns out that the israelis never countered because we said look you take the beating we will take care of saddam if you join in the war all the the Arabs will unite. You've got to not respond. And so they didn't. So if I get in one of these battles again, I'm just, I think I'm going to go full goblin on it. I think I'm going to just call them out and say, okay, what's the time? I have this image of, you know, op-eds calling of pathetic, sniveling excuses for human beings

and real just nasty, nasty, insulting, you know, declare war. Just all out. I think that's, if there's a silver lining to the insanity of the world over the last few years particularly, is I think the average Joe, particularly with this trans subject, is waking up and drawing a line in the sand like this is crazy. like the whole like it was the pen women's swimming team and i think the ncaa swimming championships when that dude came in first and won right i mean they're literally telling you

not to believe your lying eyes or saying you happen to notice did you happen to notice how i wrote that up yeah i wrote it totally sarcastically i said congratulations to so after being beaten by Yale's transgender swimmer to rally back to win the NCAA championship. Right, but... And then I started talking about well-known psychological studies that show that silver medalists are the least happy.

The bronze are happy to be on the medal podium somewhere. The gold's wide, so they're happy. The silvers are like, fuck, I was so close. And I sent a picture's worth of a thousand words, and I showed the pictures of the swimmers. one of them where this this girl's doing this really cute feminine thing with this big husky fuck next to her and the others where all the other women were together and he stand away over to the side and so they were really saying fuck you they they handled it brilliantly exactly well

that's the point i'm trying to make is like the powers that be whether it be the media the university administration they're trying to make the average joe knows deep down that this shit is wrong not believe their lying eyes like that picture of the podium that you have in the year review perfectly articulates like the women who are actually women in this league do not feel like they're being treated fairly no yesterday i posted a tweet that said it was a collaborative effort to win the internet that day i'm trying to remember what it was but it was oh matt walsh posted uh posted a a a thing that said you should be very proud and embedded in it it was a tweet saying the first transgender was executed and then and then the person

who followed him said but she identifies as alive uh no that's it's funny you mentioned matt walsh because i was listening at a road trip listen to his episode of rogan from a few months ago and that's the point they're They're trying to erode the concept of truth and objectivity. It's just driving everybody mad. The problem is, but that's the problem. When Matt Walsh beats him, has he won a battle but not a war? I don't know.

But that's the risk. Well, no, the risk, well, yes, it is a risk. So you win the battle, and then it incites a war. Okay, once in a while a Matt Wall shows up and fights him back. But they still rotted our brains with this stupid fucking stuff. I mean, that's one of the underlying themes that many people are talking about. Like, hey, it's getting to a point where you're going to push people so far to one end of the spectrum that the reaction to that forcing

into the corner is going to be pretty brutal and swift in the other direction, which is a scary proposition. I've seen interviews of legitimate transgenders expressing concern that it's extremely rare and that this is a problem, what we're seeing here. Walsh uses this lurid language where he refers to it as castrating people, castrating kids, he called them. I think that's descriptive.

i think it is descriptive and you know the double mastectomy and then you've got things like california saying that they will do trans transitions medically based transitions without parental consent they're a sanctuary state and i'm sitting there watching this going okay so my daughter shows up with her breasts cut off having taken a trip to san francisco or a trip to California, and she's 14. I'm going to be asking, who do I kill first? I'm going to be making a list and checking it twice. And I'm going to be asking who, so I get the doctor.

He'd be on my hit list. I'd be trying, I'd send out a private investigator to find out who all the guilty parties are. I'd just whack them. yep again they're trying to just yeah if i'm in a jury i'm at a jury and someone does that i'm i'm i'm hanging the jury it could be a brutal slaying they're not getting my vote no you have a blank check out of me it's uh again they touched on this in that rogan discussion like they're trying to redefine like the parental child relationship where well yeah they're trying

to take them out and this is very stalin shit i mean this is really bad that's why last year i spent 100 pages writing about authoritarianism i didn't spend any time this year because i got the message out last year okay i guess you can mention you could say the the canadian topic was oh i yeah that was definitely i beat on trudeau pretty hard on that one yeah and it was an important topic you know it was nice and neat and orderly and do you believe he's fidel castro's son yeah i do too we call it the cuban the cuban nipple one of my one of my links was to a guy who dug into it deep and and he came out of it saying yeah looks like it is it

he sure doesn't look like his father he's got brown nipples it's the cuban nipple crisis he's his arm french canadian that was that one went by me the first time you used it i didn't it just didn't register um he just looks like him yeah and as i said there's margaret trudeau with her hand right of fidel's chest and i mean and you know as i said i learned this in college some chicks got her hand on your chest you're gonna get laid yeah hand on the back you're good not just telling hand on the chest it's in the back you're gonna score yeah that's that's that's inside the personal space zone and uh i don't know so where do you think 2023 is going to be more chaotic

i think it's going to go back to finance yeah i think we're gonna i think we're gonna have a financially chaotic year what uh i think it'll go back to central banks and collapsing markets and things like that anything we get recession depression yeah but my base model as i've told so many and it seems i can make the case trivially but it still catches people by surprises i think we're looking at an epic secular bear market that could last decades decades what a lot of people don't know is decades is normal decade multi-decade bear markets are normal they are not outliers they're not rare you if you own the market in 1906 the price of that market and inflation adjusted dollars

was identical in 1981 that's identical same with 1929 the 81 bottom came back and hit all the highs of the entire 20th century no one knows that they do now but yeah yeah i mean it seems like the holidays well it seems like christmas new year's was a nice lull people going home trying to enjoy family but being thrust right back into it we had a good quote-unquote good jobs report yesterday which of course is another manipulated metric but that is what the fed is dictating its policy on so seems like rate hikes are here to stay once you're profoundly overvalued there is no escape route this is like a guy who weighs 1800 fucking pounds you can put it there's

no way watchers program for that boy no he's just gonna die he's just gonna die and so what are you bullish on energy i'm bullish at some level i'm bullish on nothing because i think all boats sink you know i i think i think husman's very clear on that point when when you start selling hard every valuation decile on the planet drops because it just there's just a rush for the exits and everything so it's an attempt to go straight to cash i did an analysis when it was really interesting. I said, imagine you have a 50-50 portfolio. Let's call it a binary world, cash and equities. Cash could be an interest bearing cash, but cash and equities. And all

of a sudden you say, you know, I ought to go up to 60-40 equities, right? And it turns out that if So you buy your equity. You buy more equities. Someone else sells them to you. So there's no net change in the cash in the system. There's no net change in the equities in the system. It is simply the price of the equities that'll get driven up. Now, if the market collectively decides 60-40 is a better number than 50-50, what'll happen? Well, they were at parity, equal amount of cash, equal amount of equities globally, or pick a unit of space, I don't care. Now at 60-40, you just made a 50% gain

simply through asset reallocation. There is no change in the amount of cash in the system. There's no change in the amount of equities in the system. You simply bid up the equities to be a higher price due to the desire to have more equities. The equilibrium ratio will be 60-40 if we collectively decide 60-40 is the number. so then let's say you say well that worked really well fucking hey that was great i made 50

equities are a really good idea i'm going to 80 20 so imagine the market collectively says believes jeremy siegel who i think is a bit of an idiot and uh says you should have 80 20 why have cash it's a waste of it's a waste of fucking opportunity the market goes up to 80 20 now we're talking about, there's still the same amount of cash. Just because we swap cash for equities doesn't mean cash appeared. Well, now the equities have now been bid up to fourfold. You've made 400%. Somebody threw an attitude change. No wealth creation, no increase in quantity of money in the system, that quite explicitly not. and then you say well this is phenomenal the market collectively decides

why have any cash at all why not be an equity maximalist let's go 100 the equities go to infinity but of course they won't but when they when the guys in cnbc talk about money flowing into equities do they ever stop to think that money can't flow into equities there's little shit around the edges like an ipo for a company that no that previously didn't exist mm-hmm but if you have a 500 share stocks you have a fixed amount of cash in the system there's no change in in money cash doesn't flow if i if i buy equities because i want more equity. Someone's got to sell them to me. You know, and they say, oh, you know,

the buyer's route number. Apparently the sellers were too, because we didn't buy them from a fucking pumpkin. Right? And so the gist is that we bid, the various asset classes, I think it was like balloons in a closet. And the pressures, our desire for the different allocations makes one balloon expand at the expense of the other balloons and shit like that but um so now all of a sudden you have a bad fucking time you go oh man 80 20 is not a good idea i'm gonna go back to 60 40 i had better go back to 50 50 you just round trip the whole fucking thing you're back to where started some number of decades later with precisely zero gains. Now, the story gets complicated when you start talking. So when the Fed pumps money into the system, what are they

doing? With a 50-50 portfolio, they're raising the quantity of cash. So as people say, I want 50-50, they'll bid up the equities higher. So that naturally pumps the equities. So instead of it, let's call it 50 trillion in cash and 50 trillion in equities, they put 10 trillion of cash in there. Now, equities will get bid up to $60 trillion to get a 50-50 portfolio. That's the collective wisdom of the market. And this idea of I buy, you sell is lost on so many people. So when some nitwit on CNBC who's paid way too much money says, money's flowing into equities, there is no flow.

Now, you can make a subset of the equity market say, money's flowing into equity mutual funds. but that's just when when when when when you buy it in the mutual fund someone else sold it from somewhere it's just semantics it's just semantics and so the bottom line is is if we go from a point where we think equity suck 1981 two equities are wonderful 2022. that 42-year period it turns that of the gain of that 42-year period in equities, 3% per year, annualized 3%, was valuation expansion. Just froth. From almost no froth to lots of froth. If that unwinds, what would the next 42 years bring us? Well, what if it unwound by dropping

3% a year for 42 years. We now went from a 3% tailwind to a 3% headwind. It's a net 6% up your ass. Warren Buffett laid this all out in 1999 in his article. He said, what drives equity prices is interest rates. He says, when rates are going up, equities are going down. When interest rates are going down equities are going up long term that's the whole game yeah it's been happening now here's the problem so people say oh this correction's over and i go let me see if i got this right you're saying that we've scraped off the froth from early 2021 mid-2021 that's your bear market we took off 18 months of froth and that's it after we expanded the monetary supply by 35 percent right so that's all just inflation though yeah so that means

it's a totally illusory price at that point too and so then the question is where's fair value and i have fair value at approximately one fifty percent uh a fifty percent drop from here the market's cut in half get you to a market valuation that for the first three quarters of the 20th century was considered normal. And one time, a really, really, really famous smart guy said, well, what if your valuation metrics are now wrong? And I said, then that could be true. But it also means there are four-year assumptions about returns are wrong. Because if I'm paying, let's say, P.E. of 10, if I'm buying assets with a P.E. of 10, forget about the fact they're fake numbers now, but let's say they're real P.E. of 10.

I'm buying into a 10% return, right? It's going to kick off 10% every year by that model. If you pay twice that, you're going to get a 5% return. So if you buy assets for twice what you used to pay, you're going to get half what you used to earn. And therefore, all the assumptions about pension funds and shit all fall apart. They all fall apart.

well that's the interest is it is it an interesting predicament that we find ourselves in well it took 40 years to get here but if we i mean 40 years to get here and unprecedented monetary policy like right but once you're overvalued you're the 1800 pound guy you go well how do i get back to 200 you go i don't i don't know because your blood's gonna go toxic if you go on a diet you can't get back from 1800 to 200 without all your organs failing the analogy is not crazy i just made it up but you know it's not a bad analogy yeah but wouldn't that make the case for a fast and rapid decline probably the damage will be incredible. Yes. I would love a fast and rapid decline. I would love a very, very quick,

brutal bear market. The problem is the quick ones don't do it. They become flesh wounds. So if it drops real fast, you don't have time to register and you go, okay, we're at the bottom. I can't sell now. Therefore I'm a buy and hold. What, what changes, what really sets a real bottom in an asset market is when you demoralize the fuck out of everyone. I was a gold bull at the bottom of the gold market. I was buying gold from $290 down to $280 down to $270, and then I stopped because I couldn't take. Meanwhile, the NASDAQ was going up.

I said, I just can't keep buying it on the way down. I was doing a podcast for the Corlin Economics Report, and they asked me about the gold market. I said, something has changed. They said, what's that? And I said, well, the Bank of England announced for who knows how many times that they were going to sell gold. And the price of gold went up, not down.

And then I said, the Bank of England then went and actually sold gold. And the price of gold went up, not down. so i i said i think something has changed that was with gold i i had gold you know gold got down to 256. it got back to around 300 and my friends were all saying sell it sell it grab the profit i got no i don't think it's done i was buying i was buying ounces of gold for cash from a local coin dealer quick diversion from where i'm eventually heading he uh he was this amazingly honest guy who grew up in the most awful childhood circumstances and i trust him to the point that i loaned him five grand i didn't need a receipt out of him i just trusted the guy

and he couldn't rub two nickels together but he had this little coin shop and then one day i was buying physical gold from him this is much more recently than where i'm about to go in a minute and i gave him 12 grand to buy gold and he gets to the front he gets to the door of his coin shop and some guy jams a gun in his ribs and says give it to me he got robbed he calls me and immediately i realized something bad happened so i said to him this is so fortuitous i said look don't worry about me i'll be fine figure out the rest of the shit going on in your world right now and uh we'll talk later so later that day i called him name was carl i mean this guy he had two kids with cystic fibrosis six kids and he lived in a house for which he had

a second mortgage the house is appraised so my 20 000 he's living in a chicken coop and he says i'm just pacing around my house and i started trying to give him some soothing term words and then then either that day or the next day he committed suicide oh shit i had people tell me he stole and I said, no, he didn't. I think his wife, who's going to run off with another guy, set it up. Because not many people had to know that he had gold. Now, here's the deal.

So years back, now dial it way back. That was back around 2012 or something. But I felt that my wife got mad at me. She said, you lost $12,000. I said, my dealer's dead. You got to keep this in perspective. and um so uh so i'm buying gold off mid 457 and i was paying cash and he knows i'm gonna buy it so he's not trying to sell turn me off or turn me on

and he said don't you think this is the top i said let me ask you a question how many people are buying gold from you in your coin shop he said uh he does some quick managers four of you and i said the other three are my friends aren't they he said yes i said does that sound like a mania to you the only guys who were buying gold from him knew me so then gold shot up to 1900 then it came back and then around 1200 i bought a bunch more and you know gold's not a great way to get rich but in this fucked up world it's not a crazy way to hide from the real bad shit yeah i was buying silver at 350 an ounce what's it not like 20 26 24 somewhere in there yeah i mean it hasn't been a great return over

two decades, but it's still, I still beat the S&P 2% annualized from 2000 to 2020 with a very unorthodox portfolio. But I think we could have a Nikkei-like bear market. It was simply uninvestable. There was no way to make money in the Nikkei from 89 till whatever for all i know that nike is going to go back to the bottom again there's nothing that guarantees it can't return there i mean the bank of japan just announced more emergency buying right there's something going on in japan by the way right there's something going on what is it you know i think the bank of japan just owns too much of their bond market it's up to 50 i know they are the bond there there are days where the japanese

bond market trades no bonds it's that is that broken yeah but but the question is is something happening in japan that we're going to find out six months from now what it's got kind of a repo spike flavor to it it really does i mean could it be the product of their terrible demographic situation that they're in simply could be could be a product of their terrible monetary policy for 30 years yeah i mean at some point at some point the house of cards just let's rip i was one time i was listening to a podcast and bill not bill russell who's the russell famous russell russell um the dao theory russell name at russell um someone asked him why can't this go on forever And he said, go in your kid's room and start stacking blocks

and just keep stacking them. What happens? And then you realize the higher the stack, the further from equilibrium you are, the more shock sensitive, the bigger the pile of debris. It can't work. The tiniest little flicker, butterfly flapping its wings, over it goes. It's a good model.

When a chemist gets far from equilibrium in a lab, they blow up the lab right avalanches are when there's just too much fucking snow you go well why can't just build more snow and you go some point of vibration is going to let that rip yeah so unlike the federal reserve you know they throw up little sticks of dynamite to try to get the snow to fall during a time when it can't do much damage but our federal reserve passed on countless opportunities since 09 to renormalize and they were all fucked up and they were all fucked up in 07 so it's not like they hadn't fucked up already but they went super fucked up i mean the bailout cost 30 trillion dollars

was there anyone in the world who saw that coming no nobody well 30 trillion dollars means the system's on a on a life support it's it's intubated it's it's yeah i mean i think i think the economy went on hospice in 2008 and it's still on hospice just waiting to die mm-hmm and and you know um i think it was karen and quinlan who they took her off the breathing device and she stayed alive for another 10 years or something um it was one of those stories where the family was convinced that she was responding that they were seeing response they didn't want to pull the plug

when she finally died i'm not sure this is karen and quinlan or someone else um they did an autopsy so that part of her brain was gone there is no chance that that person was responding so the family was just seeing things they wanted to see so so i think we are so far off the deep end monetarily valueized debt what two quadrillion dollars of derivatives when was the last time someone created their derivative that served a function but they're just trading chips they're just trading chips but they used to be insurance policies for farmers and stuff but they're not that anymore they're just trading chips they serve no fucking purpose now they're so important now because you can't get out from

underneath them you can't just pull them away you must have been in a brace off and on in your life as an athlete right yes once you're in a brace it's a bitch to get out of it really is it's actually because your brain says holy fuck i'm unprotected my knee is vulnerable it's creepy to not to be playing without your brace right yeah i tore my acl i know that feeling there's nothing like tearing your ACL to make you realize how much you don't uh you don't appreciate a fully functioning body when it's fully functioning yeah well my wife appreciates that too now well this all gets back to like an interesting question too like if this house because you have the crazy valuations that don't make any sense have no

semblance or connection to reality and then you have the monetary policy going alongside of it which is probably driving insane valuations and it seems like these central banks are out of options and they're just simply trying to extend hospice until um until who knows when but just as long as possible like to have does this like if this does blow up i don't think we're gonna get a soft landing like does this change how people like you're talking cash 50 cash 50 equities throw bombs into the mix like does this change how people actually save an investor capital like is it going to completely perturb people's ability to perturbation if the markets are 50 overvalued if the bond market is 50 100 overvalued 50 drop if the bond market's 100

percent overvalued because of where inflation is or where it normally is and stuff like that that means that the world thinks it's twice as rich as it really is everything's mispriced so if i tell you you you so i talked about inflation there's a thing called doug nolan calls moneyness if you own $100 million yacht, it's not money. But you're not going to spend like you don't own it. So if you're making 50 grand a year and you happen to own a $100 million yacht, you're going to go, oh, I couldn't give a fuck about it.

I've got a yacht. I can always sell it. So within, for example, the huddler community, the perceived wealth, wherever it is at any point in time, influences spending patterns. so bitcoin is money because it influences how you think about how wealthy you are and it it it and and it's true with gold and it's true with housing and it's true with actual treasuries and and the only thing that's really money is the shit coming out of the cash machine

basically right but you perceive you have it and therefore you act accordingly if all of a sudden the value of the world cuts in half think of the psychological effect globally yeah it's humongous be a lot of belt tightening a lot of belt tightening by the way you know there's these guys who say you know if everyone's talking about a recession then it can't be because that's a contrary indicator i go no no when people are talking about a recession that causes recessions self-fulfilling prophecy it's a self-fulfilling prophecy it's not a contrary indicator contrary indicators when everyone's bullish there's no buyers left but everyone says we got a recession coming that means they're all battening down the hatches that means we're

gonna have a recession yeah if you start spending thinking of recessions coming if we all do it we are gonna get one i mean signs are everywhere i mean everywhere one could argue like bitcoin and unquote crypto is a leading indicator it will sell off first and has i mean bitcoin's down what 60 year on year right um then you you look at the real estate funds they're having to pause redemptions that's obviously a signal of that's a bad size especially in the blackrock real estate funds right these are not these are not little penny any funds blackrock blackstone i believe barclays even it's uh that real estate had to be screwed up because the lockdowns everything up so there's no way the real estate wasn't screwed up no then you compound that with the rising

interest rate environment and right if you had that variable interest rate i was admirable at the fact that um before in the late 70s no one thought inflation and stagnation went together they thought the only way you get inflation is when you have an overheated economy and i'm sitting there thinking okay let me see if i got this right the geniuses of the world did not notice that if the same amount of income bought 10 less goods and services that that wouldn't be stagnating i go you what do you guys paid for i mean this is asinine so the fact that stagflation caught them by surprise is absurd

yeah yeah i mean that seems to be where we're headed to i mean this oh yeah decreasing inflation rate maybe a temporary lull shit it's not like your credit card debt which i don't have any fortunately but it's not like credit card debt they're all of a sudden going to lower the interest rates to lighten your load right no not gonna happen so the people with credit card debt going to be bent over a barrel like there's no tomorrow and remember all over twitter two years ago the number of people she talked about how oh inflation would be great because we would erode the debt on my mortgage i like to ask him how's that working out for you now right is your mortgage payment smaller

are you having an easier time paying it while your tax base taxes are going up while your food costs are going up while your maintenance costs are going up how is this whole inflate away my debt model working and not very well it was a stupid stupid fucking idea inflation is never good that is just money we owe ourselves though we just owe ourselves a debt right but what if what if i owe you a thousand bucks so you're a thousand bucks richer but i don't actually have it yeah i mean that's the problem yeah i mean everybody in crypto is finding this out oh i have well so i was on some of the hodler podcasts i'm trying to use the word hodler not hodler

for you in in honor of you um and it was before the shit started hitting the fan and they were saying well why would bitcoin go down in a recession yeah i know why would bitcoin go down in a recession i said because everything does everything does people have to eat people have to eat and by the way i said you know you bought that fucking house all of a sudden that mansion you bought which you didn't sell bitcoin because you thought well it's making me rich therefore i'll just get a regular mortgage i'll hang on to my bitcoin all of a sudden there's the bitcoin isn't there to back your monster mansion and you start panicking right that's what happens so the problem with the hodler community

revolutions are fueled by youngsters so the hodler community is exactly what you expect out of a revolutionary technology bunch of young guys the problem is you're the hodler community is also the greenest investment community i've ever seen in terms of understanding market structure so they just had no idea that markets could rip your ass off with one bite and they just didn't understand that you know i was at dinner once and this year and some young punk was spouting off about the great um it was a hedge fund dinner some young punk was spouting off about the uh the great profit margins of tech now profit margins are mean regressing because as soon as there's a profit margin to be made

someone's going to come along and say, oh, I want some of that, too. Next thing you know, the margins have been squeezed down by the miracles of the free market. Here's a lower price. Here's a lower price, and we can make money at this lower price, right? And so this guy's spouting off about this shit, and Einhorn, who's normally very quiet, like kind of loses his shit a little bit.

He says, you have no idea what it feels like to ride a position down 90, 95%. He says, you know what a 95% loss is? It's a loss that you've lost 90% and then it cuts in half. You have no idea what that feels like. Swift kick in the dick. Yeah. So we have very few people on the surface of the earth. Well, very few people in the continental United States.

Let's just stay there. Who know what inflation feels like. They're getting educated daily. But going into 2020, they didn't understand inflation. They didn't understand what it feels like. They didn't understand that your salary will never keep up with it. I think that's how we access revenge. Yeah.

I think one of the most shocking lesson of the inflation we've experienced the last two years is maybe, I mean, obviously prices going up sucks, but inability to actually access goods. the goods not showing up well so this is a weird inflation this is a little bit like the inflationary crisis of 70s to the extent that you couldn't get gas but it's it's um and the inability to access goods is a little mysterious because i look around the globe and i can't identify what it is that's stopping goods from making it to their destination

there's just something so so basically my sort of base model is that you can't just turn off an economy and put it on blocks like a car and then just take it off the blocks you expect to drive away well especially an economy that was really pushing just in time supply chains right and so you know they talk about people talk about strong labor markets i go bullshit it's a broken labor market there's nothing strong about it well i mean nobody ever wants to bring up the participation rate which is right right which is low and and it means that the buyers and sellers of labor can't can't can't meet they're not meeting the free the price discovery is non-existent the buyers of labor can't meet the price that the sellers of labor are asking

that's a broken market yeah the money's broken that's what happens there's your bit i can hear you hodling in the background there i can hear you well you'll be you'll be happy to learn i'm not as green as you think i don't have any credit card debt and i don't have a mortgage um luckily did you pay off your mortgage with your uh with your profits no i moved down to austin at the peak of the real estate boom i was like i'm renting um interesting okay i'm not getting Well, I don't have credit card debt or mortgage either, but I'm also an old man. You know, when the 07 crisis was coming, here's my timeline. In 02, I wrote about it, and I called it.

I sent an email to a friend of Goldman. I said, J.P. Morgan. I thought J.P. Morgan was going to go down, but I said the banks are going to go down. General Motors is going to go down. General Electric is going to go down. I laid it out. The only thing I got wrong was I thought J.P. Morgan was going to go down, and they were the only survivor.

in 07 March of 07 there was very little of anything showing the real estate market had peaked in 06 but it kind of went unnoticed in March of 07 I'm standing in front of my class of organic chemists and I turned to the class I said I think the banking system is about to collapse this is pre bear stearns internal hedge fund problems which they started asking us a 600 million dollar hedge fund who cares but it really wasn't the problem and so i turned him and i and i told him i literally said i you could actually read reach a point where you can't you go to the bank you can't get money and they were just stunned and they went back to lecturing and then I taught, and what I was picking up turned out to be some smart guys who were saying,

we got problems, right? And we were hearing, a lot of guys were writing about the ninja loans and the 125% mortgage and shit. So that was obvious. But there was a blogger named Tanta, Doris Dungy, who was blogging under the name, pseudonym Tanta, over at I think Seeking Alpha or one of those. And she was talking about the chaos under the surface of the credit markets. And there was this thing called the Market ABX Index, which is a derivatives index.

And I had no real idea what it was, but it was trading at par for years. And then all of a sudden it started tailing off, which meant that it was responding to credit risk. And it was not being picked up by any of the mainstream press, but Tonto was picking up on this. And I think, I'm not sure Zero Hedge was around then or not, but they might have been. And I can remember Zero Hedge where Zero Hedge would get, you know, 100 clicks per article.

It was way, and I remember thinking, these guys are really fucking smart. And so then it showed up and then it took like an eternity. If you've ever waited for a hurricane, for example, which I did once, you keep watching the weather going, is that it? Is that it? Is that it? It took about two years to really show up in full force. And for my two years later, spring semester again,

we are at peak chaos at this point, 09. I'm teaching an honors thesis class where it's the seniors, the best seniors. Day one, I said, in 07, I had you guys in sophomore organic lab. I told you the banking system was going to go down, didn't I? They said, yes, you did. And I said, did any of your economists tell you that? And they double majored in econ a lot.

And they all said no. And I said, what are those assholes paid for? And then my first guest speaker, I had one class a week and I'd bring guest speakers. My first guest speaker was the CEO of Morgan Stanley Bank. And he came in and he gave a horror story of what was happening. he had cut his teeth on mortgage-backed securities he had left morgan stanley bank which is the banking subsidiary of morgan stanley in 06 because he said holy shit i have to get out of the splash zone on this one in a very big way he said he had a he described the leverage he had in a billion

dollar portfolio and i did some quick math and i said you were two million fold levered he said that's about right holy and then so he had no backing it was pure leverage it was just pure unbacked leverage and uh and then he and then he and these were synthetic derivative these were these were cubes and these were crazy crazy things there was nothing back in them either so so your young huddlers might not even know this but but what they used to do is the bond rating agencies if yeah if there are treasuries you'd get a triple a rating and if there's something else double a and you work down and then there was the junk and the bond rating agencies were being so generous that if you took some pile of garbage

and you and you put in two percent treasuries you'd get a triple a rating and then what they'd do is they had these things called squares where they would take these various tranches these mezzanines there was a mezzanine tranche i can't remember the shit anymore and they would sell the shit they could and then they'd take the dregs at the bottom from a bunch of these they'd pack them back together and sell that and then they had these little cubes which were the third recycling of the dregs and they had things called cpdos which were um which were um were derivatives of what the fuck were they they were like derivatives of derivatives i can't remember

they're the most absurd thing you ever heard i'd have to look it up again i knew what they were when they were happening and so in any event so he gave a two-hour talk to my class and what was one of the greatest compliments i ever got was he said so i'm sitting at the table with dave and brian here brian was came with us and he said within about 20 minutes he says i realized i was not the smartest guy at the table and uh and then um and then i had come arm thinking he might come into some bullshit he showed one plot that was infamous plot showing the subprime crisis in in living call i brought that plot myself and as a credit sweeps plot some people might remember it you can see the subprime

why just coming at you and then uh and then uh and then i bought a whole bunch of other things i said can i at the end i said can i give you my shot on what the hell's going on now and i went bam bam bam overheads they were overheads to give you an idea and uh And I asked Rich Hulig, the former CEO, I said, 10 years from now, is New York, is this all a distant memory or does New York look like Detroit? And he said, New York looks like Detroit. So he didn't see the Fed coming either. He saw complete destruction. and the fed came in various central banks with 27 to 30 trillion dollars

of stimulus nice euphemism for money printing yeah that's how i saved the system they can't do that again in my opinion i don't think they can either for those now that you're hyperinflation yeah exactly for those curious at home which destroys societies destroys the fabric of society yeah fuck for those wondering at home a cpdo is a constant proportion debt obligation but i mean yeah they can't so what do you think it is this time around when they actually do go to bail bail out is it too much money in the system or is it a collapse in confidence by the populace like oh we're doing this again because i don't know because actually i've recorded a podcast right before hopped on with you on the weekly shows that i do

we brought up a clip from 2008 of the uh indie mac bank run uh oh i remember that one yeah and it was just astonishing being like oh this was not that long ago and it wasn't like a prototypical bank run in the us when when geithner and these guys are combining mega banks together to try to come up with a functional system i mean that's a weird world yeah i was sitting with the assistant provost of harvard in my office during the peak and he somehow realized that i wanted him to speak frankly and he said we don't know how we're going to make payroll harvard they got a 40 billion dollar endowment but it wasn't liquid no i mean that gets back idea of moneyness yeah i mean this is the lesson i go back to the real estate funds right now people

and they're finding out in real time how illiquid real estate is particularly environment of rising rates yeah good take it take a vacation down in turks and caicos look at all the buildings that are half built on the islands just all these monuments drive down the street here in austin it's the same thing facebook just pulled out of the the skyscraper that they were in the process of building really yeah well the ithaca mall is a ghost town not as big a loss as we're talking about but there's something so depressing about going into the ithaca mall and seeing 20% occupancy and having the sense

that this is not because we created something better. It's not Amazon. I don't think Amazon's better. I've made the argument many times. Sears Robot Catalog was as cool as Amazon. When I drive by on some highway somewhere or something, some back, pseudo highways, the ones that you know have intersections occasionally so through the adirondacks or

whatever and i see some boarded up diner linda's diner or whatever it really digs into my soul because that was someone's dream someone really desperately put all their sort of sanity and this is my diner i've i've i've uh i've died and gone to heaven i'm finally living the dream i've got my own diner and there it is boarded up and and that certainly that's what the lockdown did and that looked like a controlled demolition to me it looked like it was absolutely intentional oh i mean the arbitrary nature of the arbitrary who was who was essential yeah and shockingly the big the s&p 500 companies were essential that was a complete hostile takeover from mom and pop airlines were essential where you pack

people in like sardines it's i mean that that that's another point in the basket of this thing being nefarious like right how do you gain more control you destroy the backbone of the society small businesses right and what was extremely sad is that everybody stood by and let it happen And not only that, but publicly lambasted. I remember watching it. There was a lot of, there was just nothing you could do. Going back to like locality, we escaped Brooklyn, went to South Jersey down by the southern tip of Cape May.

Down there, you run a- I have a friend down there. I have another friend down there. Restaurants were open. Yeah, they had the stupid plexiglass dividers, but they stayed open, no mess. You go up to Maine or something, And you'd never know there's a pandemic.

Yeah. In a podcast one day, I said, if it ever gets really ugly, I'm going to go find some place where everyone's toothless. And they all voted for Trump and just hang out there. And some guy in the comments section said, well, Dave, I live in one of those places. And you're assuming that you'd be welcome. Yeah, at least.

And I'm going, yeah, that's a good point you make there, dude. it's part of the reason i uh snuck down to texas as well what's your wife do she stayed home yeah yeah and these trying times in these trying times and they haven't even started to be the other thing about this particular downturn is we've never entered a downturn so pissed off at the world right right this one normally you're euphoric right dot com everyone thought the world was just absolutely you know skittles rainbows and sunshine roaring 20s everyone's fucking mad right greg asked me everyone's mad

as a basal level of anger at the top what's the bottom gonna look like that's a good question yeah i mean is this the catalyst for revolution people have been talking about i don't know see the question the only thing about revolutions is that the question is what are you fighting for the civil war there was kind of the mason dixon line you know there were there was a dotted line that was a fight well that's why i think we as gold bugs and bitcoin I think that's the narrative to lean into is, hey, all this strife and all these problems are happening because we fucked up the money. We need to get back to the core of the problem.

No question. No question. Fix the money. And that's something to rally around, help people recognize. And I got a bullish depressionary. I got a bullish case in a depression for Bitcoin, too. What's that? which is emerging markets

so you mean you move there no it's just the demand for the utility that bitcoin provides got it stokes enough as we've said a million times I have my concerns

but by no stretch of the imagination do I cackle at the hodlers i mean we're the gold bugs and the hodlers are really kissing cousins we are and and what you guys get out of convenience of being able to just use a key we get out of 5 000 years of history so you can call it a wash you know if you were to spin up you can make this happen i could actually create an account for you and as people you don't know how many of you you whack-a-doodles have offered that

not a bit so so for this particular podcast if people are listening around the world there's some new podcasting apps that have bitcoin wallets in them and as people listen they're just streamy little bits of bitcoin and it's set up in a way where if you had an address i could put your address in i could say hey send 40 to marty 40 to dave 10 to my quiet producer in the corner and uh and ten percent to a charity of my choice and it happens automatically so that's inherent utility that's kind of a bitcoin based patreon yes but it's automatic and it goes to a wild eye control there's no patreon or stripe or visa to say uh i don't like that dave was saying no middleman yeah no middleman dave said that we uh we should hang

fauci let's not let him get his money it can't happen here well i i bet that would get me a lot of money um i was talking to a podcaster who's been doing it for a long time and i said where's your revenue come from i mean there's a lot of you guys squealing to capture the the ears of the world and the good news is mainstream media is holding the door wide open for you so um as i said many many years ago actually when when when the free market breaks black markets appear and that's true with the free market of ideas so when the free market of ideas got fractured which it very much did the black market of ideas emerged and uh and but i was talking to about revenue streams and he was actually rather specific as some percentage of his revenues is

just people sending him a check he says he averages about 100 bucks a week averages we're just someone sending him a check saying thanks yeah it happens here a lot by the way anyone listening i'm game send me a check um well why send you a check they could make it easier lower the barrier of entry account i'll put in your i'll put in your address and it'll just go to you automatically i know i should take you i've had i've i've had podcasters tell me i could make a half a million a year podcasting oh you easily could oh that just just seems outlandish to me it's not um not saying it i'm not trying to say that i'm doing that here i uh the podcast is one revenue

stream i have the newsletter and a couple of other i'm a big increase the number of revenue streams you have kind of guy well i was talking to i was talking to a podcaster this fall and he said he was hoping to clear two million this year yeah there's lots of there's a lot to do that see we're more selective with our advertisers here where i could i could probably I could probably there you won't hear them they get read before

before the podcast but no I'm very sorry I could easily probably make two million if I were to lower my standards and my morals

and take some some of the crypto money I'd give blowjobs for two million yeah my standards would go to zero for two million I'm just too lazy

I'm just too I'm fine I have so many people telling me ways to monetize myself and it's like chatting you can get paid for coming on this podcast if you just do

the setup I can split it to you and send it yeah but going back to it I think the emergence it cramps my brain it's a generational gap and it's just

it's gold you can send over the internet I know yeah I have this image that there could be some moment where the flash of do it now will hit go into my skull this is the most bullish

I've ever heard you now I've said that before I've said that before but i don't know what people say you know what like jeff booth and uh who's the other guy cornell guy enthusiastic homeless lavish um james lavish yeah i know lavish um larry lapard he's a gold bug i well he's also i spent two hours getting the bitcoin story out of larry i love larry at lunch he's a sweetheart um but in any event

it's like what price would would be an entry point for you and i go it's not price it's some historical moment where i go it's time it should have been the truckers freezing of the bank accounts no it'll be the moment in time when i'm convinced that they can't shut you down i'm I'm still not convinced they can't shut you down. How are they going to shut me down? I mean, they can kill me. They might try to. So the question I always go back to is if they say,

look, spending Bitcoin is punishable by 10 years in jail, who's going to use it? I'm going to go back to emerging markets. Well, that is the answer. And then I'm still going to use it because they're not going to know how amazing it but it would really put a squeeze on the potential long-term prospects for bitcoin if they declare war against you so far they have not i don't know i don't think these people have a leg to stand on anymore i think we have a better

narrative as well especially if the system's collapsing they'll be in a weak position exactly i mean they're already and could you imagine financial collapse recession COVID stuff becomes undeniable the jab adverse effects real estate's not what it used to be

boomers going to retire getting their retirement cut by 50% or more that's something I worry about not me personally but people in my life many are retiring this year

it's like holy fuck the way I can tell you is there's a psychological effect when you retire where the minute you don't have a revenue stream you get panicky about how much whether your money will hold out my dad was well off he's 85 years old greatest generation kind of guy and he makes some reference to if my retirement saving holds out and I said dad you can go bat it you can live the good life there's no way your retirement money's not going to hold out but it's psychologically once you retire once you have no revenue stream you go after this you starve yeah that is that rattles a lot of cages there's a lot of people don't understand that

retiring means coming to terms with that idea well i think that's a product of our modernity too shouldn't it wasn't always that way because you were able to depend on your kids your kids yeah we may go back to that because we have we have all these mcmansions that who's going to buy them i plan on going back to that already obviously i don't think you know so brett weinstein in his book talks about the life expectancy of humans and he says that um he says there's there's a biological advantage to living long enough to be a grandparent because the grandparents do all these things for the parents including teaching them how to be parents taking care of the kids while the parents are out in the field you know things like that great grandparents no need

so his thesis is that we evolve to make it through grandparent grandparent but not really further and my kids my kids have one great grandparent left and all their grandparents and i mean we were just so unlucky my wife and i our parents are close to each other we're not exactly in a arranged marriage but we've known each other our whole lives our families know each other and when we go home so when did you first meet your wife uh when i first met her was probably i had to like before i was 10 oh okay i never i didn't really start hitting on her high school no she's a bit older than me i started hitting on her when i was 17 okay i was too young for her then and then uh she relented when i turned 21

oh i see yeah so she didn't want to get thrown in jail for pedophilia or something yeah i could have crossed that line at one point yeah well my wife's older than me too but i was 30 when we got serious it's really funny i dated a girl for eight years we never once talked about getting married my wife and my old girlfriend met each other before i ever met my wife and i remember my girlfriend came home and said uh i met candace cornell today she says her cornell's great great great granddaughter what i found out after the fact is this is the funniest part they did not get along at all when'd you find that out years later after you're

happily married yeah yeah yep no it's good i mean the point i was trying to make yeah we were just my parents her parents for two weeks and brett weinstein's theory plays out quite well right teaching us how to parent letting us go go out to dinner while watching the kids i'd like to to make that commonplace again yeah i mean that was pretty normal for me growing up i'm probably lucky come from a big irish catholic family my mom's one of eight very close to the brothers and sisters and when her parents live her parents we had friends whose families were tight like this and the families used to go on ski trips together so they're affluent and uh

the four parents were on a ski trip and the plane crashed they all died no shit and this was this was a family that you know these families grew up together their whole life and somehow they all died all four parents died that's pretty fucked i mean that's funny we went on a ski trip my wife, her sister, a couple of my cousins and their parents just got back on Wednesday it is something

you talk about participation rate money fucking up everything should the participation rate be 50-50 should we be able to get back to a single parent income family where no child rearing and i don't think so it was a unique period in history we got we were at a single parent industrial world so there was the agrarian society of the

19th century then we get into the 20th century and and the idea that dad could go off and work in a shoe store and come home and put food on the table while mom stayed home with the kids is not imaginable now right it just you there would be no food on the table that was a period in our history where we controlled 80 percent of global GDP so our affluence was just unimaginable and so you know you'd go to a gas station there'd be three attendants and so as we became less prosperous we became more efficient at using labor but um no i don't think we ever get back to the wife stays home and the husband

goes off and works or vice versa whatever it would be dependent on more prosperity which doesn't come back especially in the digital age where everything's made Taiwan, South Korea well also it does open up the Zoom from home economy

so I don't know this is a ponderous talk we're doing here it is and it's important to ponder these types of things right right I know the fact that you post on the internet is an ancillary detail you know it's just a um yeah

um i want i wonder if the foursome that that i blew off to do your podcast i wonder if they did a threesome or if they postponed it i never actually got an answer for when i said i can't do it on friday would you rather done the foursome than you no it would have been more fun not that you're not fun but the foursome's raucous but i promised you first oh i wouldn't have liked that oh at least we could say you're a man of your word which is well the other thing is if you were some meatball who i didn't know really well but we've done a lot of podcasts and so we go back a ways we'll do many more yeah many more will be old men you'll be kind of old and i'll be real fucking old

I'm already balding, so I'm feeling old. Yeah, yeah. But hopefully we'll get through. It'd be great to get to a period where we're all bullish again. I'm always bullish. Not me. I used to be. Yeah, I don't want to harp on Bitcoin too much,

But being in the space and just building, there's so much to do. You talk about Bitcoin and energy, maybe that helps create a floor. Energy producers are able to use excess capacity, excess natural gas. Utilities are able to use excess capacity to mine Bitcoin, supplement their revenue streams, maybe temper prices a little bit. um so when um when there's no more mining let's how many years from now when's that occur 2140 is the uh the popular date that people throw out there that's so that's so far away who the fuck cares yeah but also 99 of bitcoin will be

mined by 2035 oh so it'll take like 100 years for the last one percent to get distributed to the network that's essentially a non-contributor yeah what's what's the break-even price right now for bitcoin where the cost of mine it and i know it's a furry line but where the cost of mine it is too high to pay for the to get the bitcoin i'm pulling up a chart now so it depends it depends on the cost of your energy your electricity so the the top of the line uh mining machine right now the s19 xp uh it's break-even electricity price is 12 cents a kilowatt hour and the oldest what are we at now what are we at now i don't know what the yeah it depends like the natural gas i use is three or four cents so that's very profitable

with that uh on grid so do you have a you have a bunch of servers you have a server bank or what yeah are they yours or do you do you buy into some organization that has servers they're mine so they're in your house warring away no they're in uh in appalachia we call it moonshine mining we go find stranded natural gas wells window pipeline connectivity hook up a generator and then hook up the miners and that where's the best place to mine someplace like iceland or something where's the where's the where would be the hub of bitcoin mining the cheapest energy imaginable i am a strand of natural gas is pretty dirt cheap especially if there's no pipeline connectivity and go scoop those up for pennies on the dollar they'll produce for right decades at one point

up in canadian natural gas for example would have been a good place then maybe yes um russia russia paraguay's got a a burgeoning bitcoin mining industry they have gigawatts of excess hydro power those are not using that they're able to sell to miners for three to four cents a kilowatt hour um texas is blowing up i don't know if it's the cheapest energy but uh there's a lot of hash rate down here north dakota wyoming i'm partially i'm kind of hoping i'm kind of hoping that the cost of energy is going to get so fucking high because i own energy companies right yeah i want them to make a lot of money well again oil and gas particularly right now it's weird uh lack of supply on the oil land but an overabundance on the not gas side

which could continue especially if people keep drilling pipelines don't get built for the net gas that can make your energy stocks extremely

profitable if they sell the oil as the price is rising and then mine bitcoin with the natural gas that they can't move instead of flaring it

or venting it are you a nuclear bull? nuclear bull? what's that mean i do you think i know nuclear do you think we wise up and actually begin spinning out more reactors i'm a nuclear bull i thought i said nuclear bull like a one word and i'm going i'm i don't know if i can be nuclearized but um i'm investing in nuclear so i i i wrote last year in 2021 that um i said if you dig dark into my dark conspiracy mind i could imagine a scenario

where the guys at the top realize that we're going to run out of energy and that they might not want to wait for every last person one at a time to wake up to this reality and so i said the solution that would be to have a engineered energy crisis i said i think one's coming mark my words then all of a sudden 2022 showed up and i go that was a pretty good fucking call very prescient right and that's exactly the word and so um which is why i was kind of bullish on energy and uh garing and rosen schweig is a two-man operation that specializes in buying small cap uranium miners and shit like that the weird stuff would be very hard to invest in

and i hate to use a good year as evidence that it was a good idea because that means nothing to me but it it was a good idea for 2022 um and uh i mean even if you look at the uranium utfs in 2021 they were doing pretty well yeah uranium seemed to be getting a tailwind but um i'm in it for a real long haul so what got into the market today by the way it got into one of these algo driven roid rages what was that today i don't know so dow's up 700 right so it looks like one of these things where some the computer just grabbed a hold of it and ran like crazy some fed official probably said something well it could have been a some jobs report

i mean jobs report came out yesterday but right but the markets dipped into a slightly red territory at the start of the day and then just never looked back yeah i'm not seeing anything here yeah as you're ahead you'll have an article on it. And so I beat the markets last year. I was slightly green. You know, inflation adjusted i still lost money which is the evils of inflation yeah um and uh you have to inflation correct i think uranium had a good day today i just checked one share price it's up seven percent the uh Germany and nuclear.

They seem to be holding to the Green Party there. I think the Green Party came out this week. It was like, we'll extend the power plants for a few months, but we're still going to go forward with decommissioning them over the next many years. That's surreal. Why is nuclear not green? People scream, Sharon Bowl, Fukushima.

but they really weren't as bad as as marketed from what i understand that's right and and they are also very old yeah i mean this goes into the manufactured energy crisis it seems like johnny's been manufacturing one for two decades with the decommissioning of coal nuclear in favor of wind and solar the other oddity is australia is the largest producer of coal and they've decommissioned all their coal power plants yeah so the largest producers got a grid problem yeah and this goes back to the potential color revolution seeded by somebody like china where they want to get the west on their knees and they seed all this woke bullshit spin down your coal plants your nuclear plants send the world green meanwhile we're going to spin up gigawatts capacity using these the way

The way I described that this year is I made a connection that was somewhat artificial, but I still liked it, where China is selling us gobs and gobs of solar panels and using the proceeds to build nuclear power plants. Yeah. Why not just hang on to your solar panels, guys? The answer is because they don't believe they're worth a shit. No.

And then you can throw an ESG rating on them here in the States and completely disregard the Uyghur slave labor that goes into it, all the coal solar panels are really cold panels at the end of the day and you know green electric batteries are on the backs of of slaves in the congo and yeah you know the sanctimony industrial complex drives me nuts i think they i think 2022 was a year that they took a big hit esg particularly i think the energy crisis really drove it home like coven didn't help either because they were on the wrong side of that one too yeah right they were the ones who thought we should all be shot if we don't vaccinate yeah and tesla's having a tough tough month right now

i think people are beginning to wake up like the cv revolution is not what it's chopped up to be i don't know i just well i just don't think we have we've identified the source of all the materials that you need to make the batteries to do this electric world no it's literally impossible well there might be reserves out there we don't know about but it's impossible based on the known reserves well there is a cobalt reserve in maine a mountain up there but it'll never be mined it's highly protected i read about that not too long ago yes yeah so the greens want to protect the green without actually getting the cobalt out that would run their green cars yes it's very uh contradictory so here's a book for you

and if you read my introduction you already got it but the true believer by eric hoffer yeah this was very very fascinating you should read the book it's very short it's an easy read and it's just brilliant but as you saw i basically laid out the message of the book because i just didn't want to leave it to the fucking reader to go get off their butts and read it so i said fuck it i'm gonna i'm gonna blow the plot and tell you what's in it and uh just a brilliant book yeah and it explains climate change and green revolutions and esgs and and and the dnc and everything else under the sun yeah human psychology is fascinating right as psychosis mob psychology yeah mob psychology well i think we're going to get

a good lesson on that if we uh roll into a recession or depression here i think the mobs are going to be spun up and right clear thing say look you guys you starve to death over here and we're going to all use this technology to save our bacon the the hypocrisy of the um of the woke is always breathtaking to me oh i mean it's blatant they just they just don't seem to understand how absurd they look no they're bringing transgender athletes to destroy women's sports right yeah well that's i've thought about this nuclear energy you know so i i don't know if i should say this but fuck it i sit on the board of a publicly traded company

in canada and i thought if the esg woke my up it comes to our board is okay you need you need a woman you know i currently have any woman on the board i would identify as one and who are they to tell me especially if you get a prison term right yeah right i'm a lesbian woman with two children that i did not birth is that too outlandish you identify but you they don't identify as children so you're okay yeah no i mean that's the we're joking here but that's the yeast with which you and hold the mirror up and be like, all right, if you're letting anybody do this, I'm going to do it.

And who are you to tell me that I can't do it? Right. It does not compute with what you're telling everybody else. This has been fascinating. Another three-hour rip. Sick. This was your flu game. This was my flu game.

Yeah, I was calmer. I think you performed very well. well i'm my wife was saying you can't do it i said no it calms me down one time i uh i gave a group meeting talk as an undergrad i was hung over to beat all hell and my boss said that was your best talk i said i was so hung over i couldn't couldn't overplay it and uh so i don't know i drove the your viewing audience crazy with my camera moving all over but my dogs my dogs come into the game and your dog has a good your dog has a good snoring cadence seemed very comfortable well so chris irons always tells me how my how loud my dog is when i listen to the podcast okay

charlie give them give everybody a good view of what a fucking boston terrier now she's a tiny little mother turns out she is uh whoops she is only 12 pounds but she's got the heart of a lion and she's wondering what the hell is going on right now she's only she's only like two years old you get you scooped up both of them recently right uh one's a year older the other one he's a big tank he's 30 pounds yeah and so he's a he thinks he's a full-blown bulldog instead of just part bulldog but the bostons i highly recommend them to anyone who wants a dog the boston terriers are amazing i've had labs and all sorts of dogs but these bostons are somehow different less high maintenance than a french bulldog oh i think the french bulldogs are tricky i think they're i think

they pose problems these are half french bulldog they're they're they're originations of bulldog a french bulldog and a terrier and uh and uh these guys have a little bit of cat in them or something well there's it's like there's this little strict stretch of independence in them so you come and they look at you you're going and they're looking at you going yeah i'm not feeling it where's the lab are you calm they go sure what are you doing what are you doing yeah yeah a little french kissing there but i'm not sure i would need all that she's into it right now they sleep under the covers

yeah i would say 90 of the boston terrorists sleep under the covers yeah i have a french bulldog in the family and he likes to do that too like the burrow yeah the burrowers yeah and they go right for the crotch yeah well it's time to roll over you can really find yourself tangled up in dog my wife's we're talking about getting the third one we have a lab right here too we got a tank down there there she is somewhat chocolate yeah yeah and um we had four dogs at one point but um my wife says she said i don't think we should get a third dog and when i didn't tell her as i already put down the the money for it now it's an option to buy the dog so we can take possession at any point so we're at the top of the list we can any letter that

comes along boom we can nail it so i just have to wait for the right time and say would you like one now maybe first in line that's what uh first of all yeah we're dealing with rolling over on children in our bed right now i brought up the prospect of getting a dog it's too early oh kids need dogs do they oh yeah all right i'm gonna make oh yeah i'm gonna make my wife listen to this part of the podcast no no absolutely and the other thing is when you lose a dog you should go out the next day and get another dog that seems psychotic why would you no no when you when you have a dog die and you're there's this gigantic hole in your life we had a dog die unexpectedly and the next day we went to a saturday movie matinee just get out of the house

and I grabbed a newspaper off the stand. I opened it up and I said, come on, we're going down to Binghamton. There's a litter of lab puppies. We went down, we picked one out. They weren't ready for like four days. They were supposed to get shots or something. I said, we want them now. We'll pay for the rest of the shots.

They said, yeah, sure, whatever. We brought her home. You cannot be unhappy with a lab puppy. there's just no mechanism that you could ever be you got a lab puppy there's no mechanism you could ever be unhappy saw a lab puppy on our family walk this morning uh looked like a christmas present the guy was very happy yeah i was walking it everybody was walking you can't you cannot be happy any puppy right one time i was in the bank with an irish cider puppy and guy said i once had a puppy like that and i said what happened he said he became a dog yeah i kind of know that

drill too so um so we're in the queue i've already paid the money for the next boston terrier my wife doesn't know it she might be able to hear you now well if she does she can she now knows it but i don't think so she never listens to my podcast she'd just bitch at me if she if she ever listened to my podcast she'd go through and edit them and say you shouldn't have said this you should do this you know stop wiggling you know that sort of shit yeah i go who invited you my wife has stopped listening to the podcast as well her excuse is i have to listen to you all day when you're at home why the hell would i listen to you when you're not at home right there must be an occasional podcast where you say you got to listen to this one yeah every once in a while

yeah it'll be this one um particularly the first half of the conversation yeah it seems to me like we've just been talking the podcasts are following some bang bang bang script you and i just chat you and i just chatted well not ours maybe but we just chatted and that's fine um that's the way i like it to flow i've read uh the year in review i know i feel like i know who you are how do you think did i provide useful information on ukraine because i was the core i mean yeah i think i mean i'm i'm picking up on your point now i recorded with the serious report um lyndon paul in the beginning of the year right when it was blowing up and

And you made me privy to like the buildup, the CIA involvement, like Mullen and like the 2014 color revolution that we incited. That's right. And I've had a lot, you mentioned Baltic States in the year in review too. And I've had, I do a quarterly podcast with a friend of mine who lives in Latvia and he's got the anti-Russia view and I've taken that into consideration. and i respect the hell out of them but still they can't they can't shake that as the problem so i had a friend on saturday mornings i get together with this i call them the rednecks and we chat about stuff and um one of them has a ukrainian wife and he's lived in ukraine for several years and stuff like that he he can't see clearly now he's got lots of facts but he

thinks, for example, that the 2014 coup was a grassroots coup. Now, George Friedman of Stratford said it was the most blatant engineered coup in history, right? But this guy thinks it was, he says, you really think you get 100,000 people, you know, protesting in the street? You think you can engineer that? And I said, I absolutely think you can engineer that. I think is trivial i gotta just get to the leaders and bribe them that's how it works yeah what was that square called where they camped out i don't remember yeah made on yeah made on maybe yeah made him yeah and then again like the hunter's laptop thing too that's a smoking gun where people in mainstream refuse to go down like there's obvious corruption pay to play what

what percentage of the people in this country forget about the ones who don't even know who's president leave those guys out but you know the guys who pay attention to the world a little bit what percentage do you think think the laptop is fake you think that anyone is duped no i mean the the pictures are videos of him smoking crack it's hard to deny that that's not 100 yeah yeah yeah yeah maybe maybe that's facebook uh uh uh uh uh uh page maker not page maker come on come on come on in any event fuck it i feel sick and it's not coming to me um the press is so bad yeah and the government press is really awful and you highlighted this in part two like the inability of the press or any of the western

leaders to even open the door for uh like a peaceful end to this the ceasefire that was proposed earlier this week it's now we're doubling down tripling down we need to get into world war three which is willing to kill every last ukrainian to give russia grief we do not care about the ukrainians at all but we have flags in our profile pictures though we do care waving i read a write-up on the fake moon landing i gotta tell you it's kind of interesting you know i've always thought no we flew to the moon but there's always been one thing that always bugged me and that is that the flag shouldn't be waving yeah it always bothered me and and this article went through all the problems with the moon landing i said you know it's

really interesting because there really are a bunch of that doesn't add up they got to the moon in a tin can essentially that's what they want you to believe and they got back and they had radio communications and right i mean this goes back to stanley kubrick have you ever dove into the the shining is one big admission that he helped uh manufacture the moon landing right so so wag the dog sort of thing yeah um so if you had to guess yes or no because i never would have entertained the idea but then one day i read a serious rap some guy sent me an email one day and said if i swear if you read this guy's stuff you will realize you the world is not round

it's flat and i'm sitting gone dude here's the problem i'm going to waste my time reading this if by some mechanism he convinces me the world's flat he will destroy my life so there's no chance i'm reading about the flat world yeah i don't think think the earth's flat thomas friedman aside no um i've ventured into the flat earth that uh has not convinced me moon landing what about this randall carson guy who's that he's the guy who thinks that there was civilized life here you know oh randall carlson yeah carlson and um and why is his name escaping me and carson and uh there's another one graham hancock right yes this idea that civilization

kind of got scrubbed from the surface of the earth i believe it okay there's no way the egyptians built the pyramids there's no way these disparate societies globally distributed built very similar structures with very detailed and specific alignment with the stars without having some sort of interconnected advance civilization at one point. I think civilization is much older than 12,000 years old. I think it's tens of thousands. Do you think it's a standard we were way ahead of our time

or do you buy into the whole alien beings came up and showed us how to do shit? Because I have trouble with that part. I think we... No, I don't know about the aliens. I do think... Randall Carlson specifically and Graham Hancock will claim that...

We just were very advanced and it got squeegeed. And yeah, there was a meteor that hit up above Canada and caused like a great flood and they bring it back to the flood stories in the bible and other religions throughout history that seem to be oddly coincidental yeah yeah i think that's what happened because if you have up in washington state they take like a drone and go like a mile above the earth and you see like what looks like erosion but on a scale of cities so there had to be this massive flood interesting yeah that's that's actually that's my favorite podcast of all time is graham hancock randall carlson on joe rogan

like a decade ago i watched at least part of it i don't remember if i hung tough the whole way i gotta go watch the brown wine scene one though right that's the must watch rogan last week is that what i'm hearing yeah this week a couple days ago um i mean it just completely undresses the i had a long chat with eric weinstein stein that family is no has no shortage of brains i'm not a big fan of gauge theory though i don't know yeah i don't have an opinion on that but there's no there's no stupid in that family no i'm being summoned by somebody and i don't know if it's me or the dogs wait a minute oh it's the dogs we should probably go anyways i'll say hi to my wife

all right you gotta take care of your life yeah are you allowed to give neck rubs or is it don't touch it no it's she's in a she's in a miami miami j collar and and then and then just to make it really interesting about six days after she broke it she fell again and smacked the back of her head and i'm sitting going oh my god and she's on blood thinners and shit so she could have all those subdurals here's my wife let me say hi hi hope you're feeling okay yeah she can't hear you because of the headphones yeah well relay the message for me i will i will dave i'm gonna let you go thank you for doing all you do you too we'll do it again looking for truth looking for truth we're gonna find it one day maybe well we know it when we find it

we'll find out all right i don't know adios peace and love freaks Thank you.