TFTC: A Bitcoin Podcast - #499: Debt Slavery and the Carbon Credit Coup with Whitney Webb and Mark Goodwin
Episode Date: April 17, 2024Marty sits down with Whitney Webb and Mark Goodwin to discuss the latest methods employed by the digital panopticon. Whitney on Twitter: https://twitter.com/_whitneywebb Mark on Twitter: https://twitt...er.com/markgoodw_in 0:00 - Intro 5:05 - Explaining the article 13:33 - Satellogic 17:41 - Private/public cabal 26:51 - Steve Mnuchin 38:40 - Highlighting the public/private smokescreen 48:06 - Gradually, Then Suddenly 48:45 - RSK 57:34 - Carbon dictatorship 1:20:41 - Stablecoin mafia 1:36:08 - Preventing bitcoin’s corruption 1:50:40 - Bitcoin ethos whitepill 2:01:51 - Fear tactics and censorship 2:14:12 - Final thoughts Shoutout to our sponsors: River Unchained Zaprite Bitcoin Talent Co Gradually, Then Suddenly 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
Transcript
Discussion (0)
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you've had a dynamic where money's become freer than free
if you talk about a fed just gone nuts all all the central banks going nuts so it's all acting
like safe haven i believe that in a world where central bankers are tripping over themselves to
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 oh logan that was a quick trigger i didn't even get to finish my sentence
we jumped right into it whitney mark welcome back to the show hey great to be here yeah thanks
marty great to be here well thank you mark for for getting a proper mic for this the audiophiles
who listen to the show are going to be very happy this is uh i am a man of the people and when the
people uh yell and scream i listen uh and i respond uh and i throw money at the problem
uh and here we are loud and clear coming through uh so yeah it's uh the the audiophiles
they attack me the youtube comments it's like make sure your guest says i'm like i can control
the guest mic and i freaks if you're listening i didn't it's not like i side channeled with mark
he listened i didn't even have to tell him he's got the mic we're here to talk about something
whitney i think me and you started talking about this broader subject last year with ian davis
with the sustainable development goals series that you guys wrote in this attempt to
monetize swaths of land natural resources throughout the developed world yeah and
mark and yourself wrote a piece came out april 4th so 12 days ago debt from above the carbon
credit coup it seems like there is an initiative to push these efforts forward that involves
a lot of things particularly satellites and bitcoin side chains so i think before we touch
on the broader topic maybe we touch on that later let's talk about the specific piece that you two
co-wrote. What is going on? Right. So let's start off from like the broader part. So yeah,
like I came on with Ian, I guess a year or two ago. And before that, I came on with you to talk
about natural asset corporations, talking about this broader effort. One of the people leading
this, of course, are people like Mark Carney, trying to recreate the global financial governance
system, recreate the multilateral development bank system. And a big part of this is juicing up
voluntary carbon markets and making them voluntary in name only and really making them involuntary
carbon markets. And there's a lot of reasons why they want to do this specifically. It's a big
shift towards, I guess, supercharging commodities and tokenizing them for this coming financial
system. And of course, carbon is one of the, you know, a big commodity that they want to,
you know, introduce into that. And a big way they're doing that is through the financialization
or securitizing uh of nature and so there's a you know that's a big part of the big part of the play
here so specifically this piece this is a two-part series so the first part the article that's out
now is specifically about this thing called green plus and green here is a an acronym i can't
remember exactly what it is right now but it's in the article it's something like uh uh greenhouse
like gas reduction and emissions for net gain or something like that i don't know it's government
reduction of emissions for environmental net plus gain i had like some of the words on there whatever
yeah they're getting crazy these acronyms nobody's gonna remember that
yeah totally so anyway there's like several founding members and this program has obviously
had several iterations but it's it's honestly a very secretive program and the longer it's gone
the more time has gone on since it was first seemingly launched in 2022, the more obfuscating
they've become about the details around it. And so the only program description that's really
available of it anymore is on the, you know, of the nuts and bolts of what this program is supposed
to be is on the Wayback Machine, you know, the internet archive. But the program is still on,
you know, and if you look at the website for the program, now it's just a countdown to Miami
Climate Week, which is at the end of this month now, this April now, pretty much. And it's a
countdown to when they launched the rest of the satellites for this program. And so this is
basically, you know, a carbon credit system enacted by via contractual obligations that NGOs are sort
of uh yoking the public sector to it's a public private partnership essentially which is you know
how they're they're pushing a lot of this sdd and sustainable development goal stuff through in
general and so by by doing it at the sub-national level they don't have to interact with the
national level level no like congressional approval senate approval they're going straight
to like city halls essentially and getting mayors and the heads of municipalities to sign on
to this thing and basically give this program the rights to turn the protected areas,
and the goal is, of course, every municipality in Latin America, give them the right to turn
those protected areas into natural equity through the creation of carbon credits that are produced
off of these protected areas. With the supposed benefit for the public sector of getting
money from the sale of these carbon credits in return. But there's, you know, as we discussed
in the piece, there's a lot more going on there. And a lot of this is something that's been
overlooked in the context of carbon markets, is that there's a big surveillance component to it,
surveilling where the carbon is sequestered, that underpins the carbon credit. Yes. And so
a big part of this piece is about the satellite firm that was contracted to do this specifically,
which is called Satellogic, very deeply enmeshed with U.S. intelligence and U.S. intelligence
contractors like SpaceX and Palantir, which I've, you know, done a lot of work on Palantir over the
years. And basically the ambition of Palantir is to be a relaunch of the Total Information
Awareness Program that we've talked about on the show before, TIA, that was tried, they tried to
launch after 9-11 and then was shut down because they said it would eliminate civilian privacy
throughout the United States. And I mean, it has done that, but it's a private sector only thing.
You know, they took DARPA out of it by really a name only, to be quite honest. And so anyway,
this particular satellite company, which has ties to DARPA and DHS and the NSA and what have you,
you know, and has put Palantir in space, basically, is the company that's going to be surveilling
all of these forests. And really beyond that, the municipalities as well in Latin America,
because one of the partners of this particular uh initiative called the energy coalition the head of
that in the press release announcing this and their their team up with the satellite satellite
company said that the the goal is to measure carbon emissions from space and make that part
of this voluntary that's not really voluntary carbon market so you know you're emitting too
much carbon you're using a wood stove you have too much you know you have too much livestock
i don't know or you're emitting too much heat for a reason x y and z in this urban area we're going
to surveil that from space and charge you accordingly or you will have to purchase this
many offsets or this many credits you know it's part of this you know de-industrialization agenda
and only those that these guys like can industrialize and like use energy and those that
they don't like or are doing things they don't like you know it's a way to you know force behavior
by you know making energy money essentially among other things obviously yeah a couple
things here highly skeptical i mean i don't know maybe the technology has advanced to a
point where you can actually surveil carbon emissions from space but it's like how are
Or are they even calculating this?
Like, how could you measure this from a satellite?
Maybe I'm completely speaking out of my depth here,
and the technology does exist,
but I find it very hard to believe
that you can accurately measure all these emissions from a satellite.
And then two, Whitney, it's not surveillance.
It's observation.
It's just Earth observation.
They're just observing the Earth and issuing these credits.
Okay, let's get the language right.
It's not surveillance.
We're just observing here.
observation is preservation okay that is a uh phrase of satologic this company um yeah it's
simply observation there's no surveillance here at all um oh to comment on the first part um
uh in regards to like the the technology yeah i actually think the technology unfortunately
is there um and it's there for you know this is obviously a private company um satologic we can
get into some of the background of it but i mean right there on the board right we have
uh general joseph dunford um uh you know who's partnered with steve mnuchin and with liberty
strategic capital which is one of the the funders and founders of satologic but there's a lot of
government uh and intelligence ties um uh and and uh you know american infrastructure ties with the
caterpillar company um just like right here all on the board of satologic um and you know basically
they they have uh the technology to be able to uh yeah as you said observe space um to to an
incredibly accurate degree um i'm trying to see exactly what they're uh you know what what they
what what the lenses that they use are i'm not exactly sure where we put it here but um i mean
these these satellites drop you know they use amazon web service which is you know obviously
a CIA contractor and, uh, you know, has worked with the Pentagon, uh, with their space development
agency. Um, and they're, they're beaming down 50 gigabytes of data per day, uh, which is obviously
an insane amount of data. Um, and so there's incredibly high res, um, you know, imagery,
uh, that's being taken by these very small satellites. Um, and, uh, you know, this company
is basically giving access to uh you know the world's data um uh to private companies to
governments um and and really any vc firm uh or local or national government um that wants to
partner with this company um they're able to get access basically to earth observation data that
normally is pretty much, you know, only for nation state level intelligence agencies. So
they've basically privatized, you know, the NSA and the CIA, which obviously, you know, we know
about through, you know, Inc, you tell, and through Palantir, which are, you know, essentially kind
of these two arms of the public sector intelligence becoming private sector. And now it's getting to
this place where, you know, places like Paraguay and some of these municipalities that are mentioned
in our piece are now being able to access, you know, for a fee, you know, data from Earth.
This is, of course, obviously done under the means of providing a service and not just observing
every, you know, square inch on Earth. And, you know, it's done under this way of, you know,
hey, you have an oil company and you need to watch all of these pipes.
Great.
You want to do that with an airplane, it's going to cost hundreds of dollars an hour.
You want to do this with a satellite or a group of satellites, a constellation service,
that's going to go down to below $100 an hour, $60 an hour.
So it's kind of done under this economic scale and pitched as this,
you know, basically the market is asking for this.
uh when in reality you look at the people that are you know behind it and what are the means
you know behind this expansion um into space you know as what he said palantir in space essentially
um and i i would say there's there's certainly much more nefarious um uh intentions behind
uh this group and we can get a lot more into it for sure but that's a little primer on
out of logic there yeah after reading the piece and discussing the subject with you two um in chat
it seems like this is the next i mean waiting we talked about this with ian and even before that
but it's like the next iteration of junk bonds brought to uh they're just going further yeah
as soon as one thing fails they're on to the next thing and this is the next thing and there's a lot
of people that have historically been involved with these synthetic markets that wall street
spins up to to get some yield out of the greater public uh and this is simply the next iteration
to that with a sci-fi twist of it yeah i mean literally the junk bond predators from the 80s
are the people financing this now and like involved in it it's it's very crazy and actually
the person that created carbon trading, essentially, is this guy named Richard Sander,
who is also credited with being the father of financial futures, credited with essentially
creating the collateralized mortgage obligation. He was a senior vice president at Drexel Burnham
Lambert in the 1980s, made millions upon millions of dollars during the junk bond palooza over there
that caused that bank to collapse. And then he was contracted basically by the Bush administration,
Bush Senior, to develop an offset trading scheme for Bush Senior's EPA for sulfur dioxide emissions,
I believe. And then after that program, he was contacted by Marie Strong, who's this UN guy,
um but very scandalous figure very deeply tied to rockefeller interests for example and just
you know the worst of the worst oligarchs and um and you know figures in the predator class
of note i guess murray strong was a frontman for frontman for many of them um at the un he's the
guy that put on the rio summit that launched a june of 21 now 2030 the sustainable development
goals um he had richard sander come and basically launch the whole idea of creating this private
carbon market as a solution to the climate change situation. And a lot of these same figures in this
particular UN Rockefeller nexus have been involved with things like trying to limit population and
industrialization through groups like the Club of Rome, which is discussed in this piece because
one of their descendants in terms of organizations is one of the governing members of this Green Plus
carbon market program called the Global Footprint Network. Yes. And these guys, the Club of Rome
essentially grew out of these different organizations that were part of sort of the
influence, the axis of influence of the Rockefeller Network specifically in Latin America,
which was involved in the installation of at least some of the U.S.-backed and CIA-backed
military dictatorships in Latin America in the 1980s. But one of these organizations was called
ADELA, again, another acronym. And basically what this was, was where major multinational
corporations and oligarchs of Europe and the United States essentially acted as kingmakers
for who would become the corporate titans, or rather the oligarchs of Latin America.
And this is something that they've done not just in Latin America, you know, they also did it
during, after the collapse of the Soviet Union, for example, and all of these state-owned assets
of Russia were privatized and put in the hands of these carefully selected oligarchs. And of course,
the architect of that system in Russia, right, that's Larry Summers and Harvard doing all of
that essentially under Clinton. And so that same system has been done, you know, I would argue
really throughout the world. And so this was done in Latin America through Adela, and Adela sort of
spurred the creation of this Club of Rome organization, which goes very much together
with this national security memorandum that was issued by Henry Kissinger during the Nixon
administration that basically frames birth, high birth rates in Latin America and allowing them to
industrialize to developed country levels as a threat to U.S. national security with the goal
of having, you know, basically allowing these figures, you know, the desire to control,
you know, how, you know, their population figures and how, you know, far along they
industrialize and control of their resources.
And, you know, essentially this program that we're talking about now is a modern iteration
of all of that.
And you have all of essentially the same players that have historically been doing this to
Latin America specifically, but also beyond Latin America as well, doing this, you know,
for the modern era, you know, attempting to put it all on blockchain, have it all be a
surveillable, you know, digital enterprise, essentially.
And I think it's quite sophisticated, honestly, the way that they're going to try and market
this, because what they've been doing, and I think we talked about this last time as
well, is that, you know, fundamentally what's running the world right now is a global public
private partnership.
And so what's been demonized, not necessarily wrongly, you know, within the independent media sphere post-COVID has been the public sector. And of course, the World Economic Forum, the United Nations, all of those guys are not good at all, right? But it's a public-private thing.
And so there's been a lot of focus on how the public sector part of this is bad and corrupt. And the answer that we're being led to is, oh, well, let's just put it all in the hand of the private sector. But the World Economic Forum is the private sector, and they've created these public-private partnerships because it converts the nation state into the enabling environment for all of these policies developed by, you know, unelected oligarchs who are stealing people's wealth through these insane wealth transfers and are the people that ultimately control
You know, the Federal Reserve, for example, you know, the Federal Reserve is seen as, oh, the central bank, it's a state connected entity. To an extent, I guess that's true. But I mean, people should know in the US that it's commercial banks like JP Morgan and Citigroup that really like own and run the Fed, you know, and people forget that.
So if you're going to move from, you know, Jerome Powell to Jamie Dimon, I don't really see there being any functional difference in what that means for the common person. You know what I mean? And so essentially what's going on here is that you're having a mix of both happening here.
And, you know, if they're not going to succeed in selling programs through the public sector, they're going to go to the private and be like, let the free market decide.
But these are not free market people. These are career financial criminals.
These are like the Drexel Burnham Lambert goons and people like that, you know, engineering new ways to engage in blatantly illegal financial activity and fraud and steal.
And that's what a lot of these Wall Street giants have been doing for a long time with complete impunity. And the idea that they should, you know, be given full free reign to do that, just because public sector bad, you know, I mean, that's not, that's the trap I think they want us to fall into. And unfortunately, you know, these are the same guys that we know what they've done before, and they're financing this stuff now.
So in addition to Richard Sander, you know, you've Michael Milken himself, a big junk bond guy. He's all in for the sustainable development goals. The person that ran his crypto initiatives is now running Algorand, which is getting involved with this kind of stuff as well with, you know, stable coins and efforts to implement CBDCs.
They are partnered with some of the people we talk about in this piece, Koi Bank specifically trying to get involved in El Salvador's digital money paradigm, among other things.
You know, that's a bit unnerving.
And then, of course, you have Craig Kogut, who was directly involved in the junk bond department of Drexel Burnham Lambert as well.
He directly finances several of the groups that helped create this Green Plus program and is also financially entangled with the head of Satellogic, the satellite company.
that's underpinning all of this. So these Drexel guys are here in full force. I would argue that,
yes, the carbon credit, the voluntary carbon market is junk bonds on steroids, frankly,
because it's being framed as a planetary imperative. We must participate or we will all die
is essentially what they're arguing, right? But it's participating in their grift. I mean,
these these carbon credits have time and time again been exposed not just by people like that
don't like you know the idea of climate change policy in general traditionally on the right but
also like environmental groups on the left that are like please govern me harder daddy about
climate change they're like no carbon markets are bad too uh because these credits are meaningless
essentially and it's creating a new market for all of the stuff that they can just like
you know essentially looking for new ways to enable them to continue their extreme fiscal
irresponsibility at both in both the private sector and the public sector and allow them to
steal everyone's money and wealth yeah i think craig craig kogut and and uh and uh milken are
it's a really good example of this private public partnership cabal thing because you know what was
the thing you know everyone is cheering for trump to uh you know to pardon assange on his last days
in office and who does he decide to pardon michael fucking milken uh who is an absolute i think
whitney called him a literal ghoul uh on on twitter the other day which is absolutely true
a total ghoul and and so craig kogut was was like i believe the lawyer um for the the junk
bonds department basically and and for milken kind of doing this this huge um fraud uh and he
of course you know founded pegasus capital apollo global management pegasus capital is one of the
main founders of cc35 um and before um pegasus capital um funded cc35 emilio cargaman who's the
founder of uh saddle logic um they co they did a joint venture together um under the pegasus
capital name called Aconcaga Ventures, Aconagua Ventures, excuse me, which served as a member of
the special projects group for the World Bank. And then, of course, creating Satellogic, which
sort of spun out of this core securities technology group, which was co-founded by
Kargaman and Riccarde, who's the CTO of Satellogic now, who listed, you know, having clients as like
the NSA and NASA Lockheed Martin and DARPA um you know kind of in the late 90s um this group also
core security was was uh connected with the Endeavor Foundation um which comes up all all
across the board with connections to Reid Hoffman and um you know a bunch of PayPal guys with with
Marcos Galperin of of Mercado Libre all of these groups um but you know the Craig Kogut uh you
know is is you know hugely um important in in this in the junk bond scandal um you know it's like
they're not only is it the same mechanisms just with kind of a blockchain twist um but it's the
same people um and it's the same people that are you know getting uh you know basically using the
government as this enabling environment using the pardoning power um of a banker president
and a private sector ghoul like Trump, who did so many things at the behest of private
companies, whether it's Big Pharma, whether it's these banks printing trillions of dollars,
locking down the country, pushing vaccines, and basically going in lockstep, basically
with the world empire in COVID policy.
And the last thing he does before he walks at the door is free this ghoul and Michael
Milken.
So, you know, you're really seeing this this thing kind of this, you know, begin to take shape. And another, I think, essential thing in regards to the Trump cabinet and and this whole play is stable coins. Right. And we talked about this a bunch last time.
But, you know, specifically there was this letter sent from Kushner to Mnuchin referencing this blog post by Sam Altman about, you know, the creation of this USD coin, you know, and using a dollar stable coin and how, you know, this might be an important, you know, lever for our cabinet and for our government to, you know, sort of take advantage of to basically perpetuate the treasury market.
And U.S. dollar denominated liabilities across the world.
And so what did we actually see in regards to using the government as an enabling environment?
We saw the officer of the comptroller of the currency, which is basically the highest position in the government of financial litigation and law.
um you know we saw a former vp of coinbase and a former one west partner um brian brooks uh come in
and be and uh sign legislation that basically said that all banks private banks could hold
crypto assets and specifically could could play with stable coins and use stable coins
um and then of course on the board of sata logic the chairman of the board uh is our boy steven
mnuchin uh who of course was put in by trump to run the treasury um who printed you know trillions
of dollars uh in in connection with jerome powell and the and and the fed uh for for covid stimulus
but basically they allowed this entire operation um that we're now seeing you know through the the
private sector coalition that's that's basically uh i wouldn't say is coming out of argentina and
out of South America, but it's certainly rooting very strongly there. And we're seeing so many
people connected with this group that is essential infrastructure to the dollar stablecoin cabal,
I guess. You know, there's very few people more important to the digitalizing of the dollar
than Steve Mnuchin. And then, of course, Howie Lutnick, who is also on the board of
Satellogic, whose company, Cantor Fitzgerald, took Satellogic public. And his company,
Cantor Fitzgerald, holds the majority of the U.S. Treasury bills for Tether, which is, of course,
the largest stablecoin provider in the world, just under $110 billion market cap, is on the
board of Satellogic, took the company public, I mean, is an essential part of Satellogic.
So we have Steve Mnuchin, we have a former general, we have a guy essential to the treasury,
Ponzi continuing and the digitalizing of the dollar via Tether, all connected, you know,
to this one satellite company that is offering a service to be able to uphold, you know,
What essentially breaks down to parametric insurance clauses and other data points that can be fed into a blockchain that can actually enable dollar-denominated liabilities to back real-world assets.
So we're going to start to see kind of this very spooky coalition come to formation and begin to see really this play to dollarize really the natural world in this way that is backed by data from satellite companies that are run by historically ghoulish private and public companies.
sector um uh i hate to just keep saying ghouls but i mean just these these worst of the worst people
um that are upholding you know these these very important positions um all across this entire
uh cc35 green plus and satologic um combination here of of private sector uh businesses um you
know you really see this this conspiracy begin to take shape yeah coincidentally enough steve
mnuchin in his private equity arm just took over new york uh community bank corp as well so building
on what brian brooks did and everything going on with saddle logic that's a a very timely and
strategic acquisition um for for munich specifically well those guys specifically
steve mnuchin and then dunford came on to that firm and it's also u.s uh trump's uh ambassador
Israel, David Friedman, and some other people that were under Mnuchin at the Treasury Department
that make up that Mnuchin-led VC firm that we're talking about here.
Their first investment when they launched was in this company that I wrote about, I
guess, four years ago now called Cyber Reason.
And the reason I'd written about them is because they were gaming out the use of cyber attacks
to, it was a foreign company, Israeli company gaming this out with the U.S. DHS, the Secret
Service, and other parts of U.S. law enforcement, including local police departments. I think the
first one was actually with the Boston PD. Anyway, gaming out the precise conditions that
hacks would have to do in order to get the U.S. presidential election canceled and martial law
declared in the United States. And again, this is like a foreign intelligence company,
Cyber Reason and Mnuchin, that's the first investment they make as a VC firm. And at that
same time, they were also trying to recruit to the VC firm, Yossi Cohen, who was director of
Mossad while Trump was in office. And instead of going to Mnuchin's firm, Yossi Cohen went to
SoftBank, which is the main investor in Cyber Reason and now runs like, I think, one of the
main arms of soft banks and you know and that decides their investment portfolio and whatnot
um so a lot of weird stuff going there in the realm of you know is this a u.s or israeli
intelligence link with the with the manuchan bc firm it seems to be uh both if you ask me
especially with someone like david friedman there who during his tenure as ambassador to israel for
the u.s um was pretty open that he was you know very very cozy with the netanyahu side of things
Which, I mean, the Trump administration in general was because Trump's biggest, you know, funder during his first campaign and first term was Sheldon Adelson, who, of course, is now deceased.
But, you know, Sheldon Adelson is the reason Trump put in John Bolton, the reason he moved the embassy to Jerusalem, you know, among many other things, and is also a big funder, was a big funder of Netanyahu as well.
So a lot of cross-pollination there that's worth pointing out as far as Mnuchin goes.
But Mnuchin is definitely a figure that people need to, I don't know, I guess, remember about because now that it's like a presidential election and everyone's like, oh, which side are you on?
Biden's terrible. And so if you're not with Trump, you're with Biden.
You know, that whole mentality is back.
You know, people kind of forget that, you know, Steve Mnuchin was a guy that should have been prosecuted for what he did in the 2008 financial crisis.
And he wasn't. And then Trump puts him in charge of Treasury. And, you know, while head of Treasury, as Mark pointed out, engaged in very, very bad and fiscally irresponsible policies under COVID.
And a lot of that, you know, those irresponsible policies, the effects of which we're still feeling now and robbed Americans of the significant amount of their purchasing power, you know, essentially that money that was printed was handed off to BlackRock, you know, Larry Fink, to hand out to whoever he, you know, felt deserved it, whatever that means.
And, of course, before Trump was in office, his family's finances were managed by Larry Fink.
And he appointed Larry Fink to his business council and definitely is a big fan of Larry.
So people need to keep this stuff in mind now that it's election season.
And who was the DA in California that should have prosecuted Mnuchin but didn't?
Kamala Harris, of course.
Also, I just want to say SoftBank's SBLA Advisor Corps was the lead investor of the pipe offering of $100 million for the Satellogic SPAC with Cantor.
And J.P. Morgan, of course, served as the exclusive financial advisor to Satellogic.
So just to wrap up, put some of those names in there.
yeah whitney i think what you just said about mnuchin's time as treasury secretary is very
important because again this whole concept of a public private partnership and the the facade
the mirage that there is actually anything separating the private and the public sector
these days is very important for people to understand and really internalize is that they
they're the wef whoever it may be they're trying to put us in this frame where it's like hey we
have the private sector and the public sector and we need them to cooperate when in reality they're
more merged than ever before you have these doors yeah they are the same exact thing they're trying
different hands of the same person and they're demonizing one hand to send people into the other
hand and this is what they always do and you have to realize that both hands are bad don't go in
either hand you know well that's you have to reject their frames yet don't go in either hand
the frame is between the the space between the hands and they're just getting ping pong back and
forth and mark i won't speak for you but i'll speak for myself this is why i'm in bitcoin is
because at the core of this quote-unquote public private partnership is the ability to print money
out of thin air and throw it between the hands and so whether it's uh the emergence of junk bonds
we mentioned pegasus connection to apollo i mean that was a big thing in september of 2019 when
you had that overnight repo spazzle many people don't know this but the fed created new facilities
that allowed hedge funds to get access to the fed window and then with mnuchin's very irresponsible
fiscal policy and the expansion of the debt since 2020 the fed and the treasury have been put in a
position where they essentially are merged at this point there really is no uh difference between the
two they have accounts with each other and they're sort of just sloshing funds between each other
they are essentially merged and so there is no private public separation so this idea of a
private public partnership is all bullshit it's all the same thing especially after the the the
dissolving of certain you know legislation uh you know that prevented kind of banks becoming
investment firms and and uh you know these these really big uh you know interstate um
entities right i mean in 33 under fdr we had glass deagle be put in which was you know basically
prevented banks from, you know, certain, you know, types of commercial, commingling commercial
deposits with insurance products. Totally. Yeah, exactly. Exactly. And, and then, you know,
of course, what did we see? We saw in the, in the mid nineties, you know, we saw Greenspan who later,
you know, went on to, you know, to run the Fed. We saw, we saw him, you know, put out a pamphlet
While at J.P. Morgan, that was, you know, rethinking Glass-Steagall. We saw Larry Summers help dissolve this, who, you know, kind of very infamously kind of jumped back and forth between some of these private and public things, as well as, you know, universities with Harvard as well.
And so we saw kind of this push of, you know, back and forth, this ping-ponging of when there was an advantage to be within the public sector, you know, these people are in the public sector.
When there is an advantage to be in the private sector, these people are in the private sector.
You look at someone like a Mnuchin, you know, ping-ponging back and forth from one West when, hey, we can take advantage of now that Glass-Steagall is dissolved, you know, we can take advantage and basically use taxpayer money to back, you know, this ridiculous, you know, CDO, CMO gambling with, you know, retirement funds and people's money that should be, you know, much safer.
we can go gamble and have a bunch of fun when this all blows up taxpayers are on the hook and
and you know there's too big to fail you know with with the basically the creation of of city
core and and and and chase and and all of these groups kind of coming together to become too big
to fail right at the same time as as these regulatory you know you know basically methods
that would have prevented these things from happening are being dissolved by goons put into
put into power to dissolve these laws now they're back in the private sector they make a bunch of
money off of it and then they come back into the public sector um right before covid um and brian
brooks and mnuchin kind of set up uh what they need um you know using government as this enabling
environment to set up the blockchain carbon credit system uh and then as soon as they're done and the
Trump presidency is over and they've done what they needed to do. They leave and they go back to
the private sector and they set up these systems to take advantage of basically private capital
creation. Stable coins, I think, are very misunderstood because it's not like they're
really this novel technology. I mean, dollar creation has pretty much always been a private
sector gambit. It's just now it's on a blockchain and it's digitized. But a group like Cantor
holding 80 billion plus or whatever percentage of the Tether bonds are holding, that was always
something that was done by private sector banks. And now we're just seeing it done with a much
smaller, instead of having all of the energy and manpower and office buildings and real estate
needed to run, you know, a huge international operation from a banking standpoint. Now you
can basically run Tether with, you know, 50 employees or whatever and be $110 billion,
you know, private capital creation entity. So blockchain basically just allows them to,
you know, perpetuate the dollar, perpetuate the treasury system and then do it in a much
more efficient way without requiring all of this overhead. So I think these systems were very
deliberately put in place by these ping-ponging private public sector ghouls to make them a ton
of money. There's a reason why Howie Lutnick has come out and said that he loves Bitcoin and he
loves Tether and he loves Circle and they're making a bunch of money for him within a high
interest rate environment you know holding 80 billion plus or whatever they hold in in treasuries
you know you know earns them five percent or something like five and a half percent in a year
um that's a huge amount of money when it's billions of dollars um for basically nothing
um and they get to use uh you know that those those funds to buy bitcoin um and make a bunch
of money and and appreciate the the um appreciation of bitcoin that we've seen this year um as it just
gets more and more scarce. So yeah, I think this, this idea of this private, um, public, um, you
know, barrier, it's just completely dissolved. Um, and we're really at a point, I think just in
general where, uh, you know, we've really hit this, this world empire context. Um, and I think a lot
of people, you know, as it comes down to election season, as, as we start to see, you know, again,
conflicts in Russia, Ukraine, or, you know, in, in, in Gaza, it's like people just immediately
fall back into these two party systems and this private public system. And I think most of these
are generally just distractions to keep us, you know, to pick a side and be against the other
side rather than really be against the hidden hand that is really controlling both sides of
these dynamics. It's so easy to fall into and they're getting so clever with it. You know,
we're seeing this huge explosion of interest in Austrian economics, this huge explosion
of like sentiment of libertarianism, you know, through a Malay. And what is Malay actually doing?
He's selling all the lithium to Israel. He's dollarizing the country. He's putting out a red
carpet for Musk and for Larry Fink to just come in and privatize the country and dollarize the
country even more than it already is. And I think that there's a lot of a lot to be learned by the
basically the Hegelian dialectics that are being employed on us to be distracted from these mechanisms that are really being put in place.
And when you see something as dire and as extreme as intelligence-linked satellite companies creating a metric and a mechanism to dollarize the forests and real-world assets
and create commodity-backed stable coins to completely take out the power from the state
and give it to private companies, this isn't necessarily the win that we all think it is
as kind of liberty-minded people.
I don't want Steve Mnuchin running my money, whether or not he's running Satellogic
or he's in the Treasury.
He's not to be trusted.
And so I think we're falling for this dialectic and this false choice quite extremely, in my opinion.
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you need to understand it this is the best zero to one primer back to the show do you really think
people are following i think luckily you two wrote this piece to get in front of what's happening
next week in miami and i do think the i see it just from the conversations i have at 10 31
talking to institutional investors and they're all caught hook line and sinker on the tokenization
of assets meme uh they think that is the future that is what they're investing behind throwing
a lot of dollars at um but like i said in our chat i do think there is a chance that this all
implodes in on itself and particularly because it's such a complicated system you're combining
satellites with these physical natural assets on the planet and then you're throwing a blockchain
in the mix not only a blockchain a side chain and then on top of that tokens and there's a lot of
problems that can arrive or arise from that but before we get into that i think maybe this is a
good point to uh let the audience understand how the blockchain aspect fits into this what
are the mechanisms that are being used to tokenize these carbon credits these assets to create these
stable coins um and so you guys highlighted in the piece a pivotal part of technology in this
whole mix is a bitcoin side chain merge mine side chain rootstock rsk is a more popular known
on twitter specifically it's been around for a while i've been joking like they've been looking
for product market fit for a better part of a decade now it seems like they finally found it
so mark or whitney if either one of you two want to explain what rootstock is how it works then
we can get into the nitty-gritty details of the financialization of these assets via rootstock
yeah totally i i think before getting into the maybe the blockchain aspect of it i think just
zooming out one more layer just to like green bonds um and we're starting to see these kind of
like cleverly authored uh green bonds that aren't using blockchains yet but essentially you know
what a bond is is you know you're buying up debt and you're getting a yield you know you know
through this maturity over over time right so um you know say you buy a 10-year bond uh you know
in the in the eighth year uh you know you're getting a one percent coupon you're getting
1% on your clause. You could write this bond that says in year 8, 9, and 10, if you haven't
reduced your greenhouse gas CO2 admissions by 50% compared to where you were, you know,
eight years ago, instead of paying out 1%, it pays out 0%. So you can basically write these
huge bonds that are being done everywhere. We're seeing them issued by Deutsche Bank, JP Morgan,
HSBC, Bank of America, Wells Fargo, you know, these huge, huge, huge firms are doing these green bonds.
They're not necessarily incredibly new, but they're very popular now.
Some huge companies like Verizon has done, you know, huge, huge, huge companies.
So basically what you need to actually enable a bond kind of authored in this way is you need some kind of broker and some kind of insurance company and some kind of data that is accredited that can be fed into some arbiter that can actually determine at year eight if this company has met the requirements to get that 1% coupon.
Right. So you can think of it without a block chain and just, OK, you need basically some company that can be accredited, that can measure the greenhouse gas emissions and be able to, you know, agreed upon when the bond is authored that in year eight, we are going to provide you with a number.
And if that number is below, you know, X percent, then you don't get one percent of of a billion dollars that year.
say it's a billion-dollar bond. That's a significant market. That's a significantly
expensive thing to basically have a brokerage firm paying the lawyers to litigate this,
having the data provided. There's a lot of granular points to actually uphold green finance.
um and so a firm like um or rather a side chain like rsk what it can do is it can actually
basically act as all of those things um as the litigator as the broker and as the settler um
as as the the place that the actual assets are settled by using um you know assets that are put
onto a blockchain. The only thing that it can't really do is basically be the oracle to feed
data. Blockchains are kind of clunky and stupid in a lot of ways. And it's hard to put in real
world data into a blockchain. It's not necessarily that easy to agree upon it. So you have to have a
company like a Satellogic basically be the accredited satellite that measures these
admissions and then find a way to be the oracle to feed that data into this you know cleverly
authored smart contract bond so rather than relying on jp morgan and like locked in insurance
um and some other you know accredited uh carbon company you know you can use it you can you can
reduce your your costs significantly by using a side chain like rsk rsk basically what it is is
is it's just a way to do Ethereum on Bitcoin.
So basically, it has a clone of the Ethereum virtual machine
that allows you to take any contract written in Solidity,
which is the programming language of Ethereum,
and actualize it on Bitcoin using this merged mining peg.
So RSK has all of these things.
It has identity systems already built in.
It has the ability to create carbon credits. We've seen, you know, groups use Ethereum already to create, you know, carbon credits already that are just financial instruments that are tokenized where they can basically tokenize, you know, tons of carbon emissions, you know, and trade it on Ethereum.
Well, now RSK allows you to do that exact same thing, but just put it on Bitcoin.
And of course, RSK and Rootstock, you know, it's a federated side chain, but it was created by people generally in Argentina that have all of these connections to a lot of the people involved in this group.
I believe that there is a bunch of connections. I believe they share a board member, Joey Garcia with Wenceslas Zappo, which was, you know, I think he's kind of a name that a lot of modern Bitcoiners sort of forget.
But, you know, a really important guy kind of considered the patient zero for Silicon Valley that basically introduced Bitcoin to Peter Thiel, to Reid Hoffman, to the PayPal mafia.
And he was very connected with PayPal and Facebook.
He helped he worked on the DM project that failed.
But, yeah, RSK shares a lot of a lot of people, you know, with this Zappo group, with this Endeavor group.
And RSK, yeah, basically allows stable coins, identity systems, carbon credits, any of these cleverly authored smart contracts to exist on Bitcoin itself.
And so Bitcoin, rather than being just this kind of settlement network for Satoshis, can now actually uphold stable coins, carbon credits, other assets, and can have these cleverly authored bonds that get fed data from, say, a company like Satellogic.
And be able to uphold a carbon market real world asset, you know, commodity backed stable coin is now possible to be upheld on Bitcoin, which is, again, that's kind of what we talked about last time with this Fink universal ledger.
He called Bitcoin a technology for data storage, for asset storage.
And RSK basically is kind of an enabling environment for this, you know, as well as doing a lot of other things.
but I think that's kind of the role that it plays in this system.
Yeah.
To be to semantics here,
I guess is RSK is merged mine with Bitcoin.
Just so audience is coming to this.
It may not be fully immersed in Bitcoin.
Like we are Mark.
Yeah,
sure.
It is not technically like at the protocol level.
So like there's a merge mine side chain,
this peg side chain,
federated peg essentially anchors into the bitcoin protocol and then has this evm um that operates
separate to the bitcoin protocol but it does anchor in to get the benefits of of bitcoin's
finality settlement robustness resiliency yada yada yada um so there is like a degree of separation
from bitcoin the core protocol but it's anchoring into that and that's my biggest uh curiosity
And again, I told you guys this in chat, but I'm really interested to see if they can successfully do this, because when it comes to the smart contracts, the virtual machine, I mean, historically, Solidity has been a very unstable and insecure scripting language.
i don't know i haven't been following rsk as closely um in recent years so i don't know if
they've made advancements at the the um scripting language level that make it more secure i'd be
highly skeptical of that um then you have this oracle problem saddle logic is the oracle here
feeding the data that releases funds one way or another within the smart contract and then
just so that whole process there all it's going to take is one like uh mismeasurement of data
being fed to a smart contract and money being sent the wrong way for somebody to hold their
hands i'll be like this is complete bullshit like how do we know this data yeah that's where you
really get down to it's like and this is where the ruse is because you i find it hard to believe
that you'll ever be able to have uh verifiability of the data actually being pure and accurate
Yeah. So there's this whole thing going on in carbon markets right now because everyone involved has been outed for being, you know, well, not everyone involved, but basically the whole market up until now has basically been outed as being very like grift prone, you know, lots of fraud, lots of negligence, et cetera, et cetera.
So the way they've been planning to get around this, and this is reflected in the Green Plus program, is through parametric insurance, like insuring carbon credits, so that if the fraud and negligence continues to occur, which it will, it's now insured.
And now the insurance market has a new market for products.
Holy shit.
Right?
So there's no need to correct or to end the rampant fraud in carbon credits.
They're just going to add like a new layer of insurance products now.
Yeah. And there's like all the big insurance companies are getting in on this. And then
there's new companies that are coming out of nowhere that are specifically specializing
in carbon credit insurance. And then there's the other thing too, that you have some of these
entities involved basically looking to urge the planet, like the Global Footprint Network through
the Club of Rome stuff. There's very prominent Club of Rome figures that for a long time have
talked about uh if we can't depopulate peacefully we will need to implement a benevolent smart
dictatorship okay if you've ever seen the movie brazil that came out in the 1980s this is all
basically about this like you know bureaucratic monstrosity dictatorship government and they make
a mistake and all these people suffer all these unfortunate happen happenings that end in death
and torture and things like that, uh, because they're trying to rectify the mistake that the
state made. Right. So when you have a totalitarian system and they make a mistake, they don't own up
to the mistake. You know what I mean? Like good luck trying to go through the bureaucracy that
they create as part of their benevolent, smart dictatorship to try and be like, um, yeah. So
I didn't get my like credit carbon credit allowance or whatever, or like you guys messed
up my climate wallet can you fix it please um i mean honestly they don't really need it to work
the right way and i think you know that's been my criticism of stuff about you know the ai industry
too that they've been like overselling it for a really long time and trying to be like we should
put ai in charge of all these things even though a lot of the algorithms in terms of like their
accuracy aren't independently audited and sometimes they can be like as well based on
the company's own metrics of like 70%, probably a lot lower than that, probably no better than a
coin toss, things like that. I mean, they don't care. It's all really, I think, about the illusion
of those systems being in place and this whole idea, sort of like the physical underpinnings
of the panopticon in general, the idea that like being under constant observation will make you
behave even if they don't do anything because you know they're watching you and they could do
something like it's it there's a lot more to this than um i mean i i guess that's kind of dark in a
way to to point out sorry but it's true because these people are incompetent at times and they're
trying to launch stuff i think before they really have uh these systems ready to go in the way they
want them to be yeah and so the idea is we have to not interact with these systems at all the way
out of these kinds of things is to not comply because so much of this, what, you know, Green
Plus, I would say is the start of getting this really out there and like at scale, you know,
with people not really paying attention to it and framing it as, you know, part of the climate
crisis response. But this whole play of digital ID, digital wallet, surveillable, programmable
money has advanced a lot. And it's not just CBDCs. The CBDC discussion is about keeping attention on
a very narrow band of what they're doing, but it's much broader than that. So what we really
need to do to defeat things like this is to not engage and become part of that system because we
risk entering into this Brazil style type dictatorship that's incompetent, but also like
very totalitarian and authoritarian and violent and you don't want to brush up against that
because it's not like they'll correct their incompetence when they get caught i mean look
at how the system is now i mean it's basically like digitizing that system developing it at scale
and it's a way for you know the crony capitalist these olig i mean there's so many different ways
to talk about them but you know essentially they're the people uh at the top of the one percent
that engage in blatant financial criminal activities uh to steal from people beneath them
right and so they want to create deepen the divide between the haves and the have-nots and they want
to basically make like digital barriers to maintain that and ai is part of that and um you
know these systems this whole idea of like carbon offsets and and the carbon market in general you
know most people aren't going to be able to afford all the offsets that the elite are going to be
able to afford right i mean it's a way it this is all part of the system and and that's leading us
to neo-feudalism um as i've called it before and so essentially you know we really can't get out of
this if we uh unless we choose not to interact with the system and create something either
parallel or just find some way to live your life without having to really interact with the you
you know, the digital ID and the digital wallet at all.
And there's a lot of different ways
it seems like it's coming together.
You know, the World Bank is working with Google
and a lot of these other entities,
including the ones in this article about Green Plus
that are direct partners of Green Plus
to create the Climate Wallet.
That's tied up with the whole idea of doing CVDCs
and all of that, right?
And things related to that, the private sector equivalent,
they call it the Climate Wallet.
Yeah, because it's all tied up with carbon emissions and there's this, you know, the carbon taxes and all of that.
And this is why, you know, I would like to point out, we mentioned it a little bit earlier, but bring it up again, the whole idea of SpaceX being involved in launching these Green Plus satellites.
Elon Musk is a big proponent of carbon taxes and has been for a very long time.
Oh, he benefits massively.
And of course he's, well, sure. And he's, but he's framed himself as being sort of this like
libertarian free speech hero after, you know, his acquisition of X, which, you know, again,
he's been fairly open about his goal is to turn X into WeChat USA and make it half of the financial
system, I guess, to start. But beyond that, you know, the idea is to also have, you know,
carbon emissions, carbon taxes, you know, intimately inter interfaced with this coming
digital ID, digital wallet paradigm. And there's a lot of different efforts to create those systems,
but it's not just going to be one system. It's going to be a mosaic of interoperable systems.
ID 2020, for example, a big force behind the vaccine passport push during COVID, for example,
That's the Rockefellers and Gates and all of that.
It's not about making one global digital ID.
And unfortunately, a lot of people in independent media,
when there was a lot of reporting on this during COVID,
missed the boat on this one.
It's not about one global digital ID system.
It's about several digital ID systems that are all interoperable.
And to have them all interlaced with each other
so you can export the data to one global central database.
and it's the same for you know cbdc's and the stable coins and all of that the goal is to have
it all be interoperable and all the wallets and the same is true also for the carbon market and
all of these are meant to go together the the pillars of the of the new financial system this
new financial governance system involves all of these things and so you know we we you know a lot
of times the carbon market gets ignored a lot of times the private sector cbdc equivalents get
ignored. But we need to look at this stuff holistically, because there's a lot of other
stuff going on here. And, you know, we are ignoring the carbon aspect of this to our peril,
because this is, you know, again, as we said, or as we discussed earlier, you know, a new
reiteration of, of the junk bond villains, as it were. But now they're not just trying to like,
you know, take bad debt. And, you know, they're using the natural world to fuel their debt
schemes, basically. And there's also this effort that's been, you know, posited by Larry Fink and
Mark Carney and people like them to reimagine the World Bank and the entire multilateral
development system, which for its entire existence has been about debt enslavement,
mainly of the global South. And so those same people say one of the key ways of financing
Agenda 2030, the Sustainable Development Goals, is debt. So we have to saddle these countries in
debt. And we have to, because of this idea that if we don't do this, the planet will explode,
we have to get people to develop these smart grids and all these different new technologies
that we say they need and implement these carbon markets and these surveillance paradigms
all under the guise of combating climate change, you know, that's not what SataLogic is there for.
You know, if you're really about combating climate change, you don't set up a system
like Green Plus, where at best, 40% of the proceeds from the carbon credits go to
decarbonizing initiatives that aren't actually about decarbonizing. It's going to a crony company
that's one of the guys involved in creating Green Plus. It's his company. And it's about
building smart grids and smart cities from the micro grid utility level up. I mean, that's not
anything that has nothing to do with saving the planet. That's about creating a slavery system
and a control system so that the debt lords can suck us dry forever with technology, you know,
and that's essentially what's happening here. And it's very bad. And I would really like people to
start to wake up about this. But unfortunately, a lot of the discourse has been very narrow,
and it's getting narrower because we are in an election year so if you bring up the fact that
both democrats and republicans are on board with this kind of crap people will be like oh but no
my guy is so much better and that guy's so bad and oh you know i mean this binary thinking crap
with president elections has to stop um the cia has meddled in elections all over the world and
overthrown governments all over the world and our elections have always pretty much been fake since
they've been around. You know, so like this election is no different. I know that people
like the whole idea of we need the political savior to come save us. Let's get the right guy
in the White House. What a mess our whole country is. We need to get the right guy in the White
House. The guy in the White House is always a front for the bankers. And it's pretty much always
been that way. The CIA itself, it's the bankers. If you look at the early CIA, it was all bankers.
it was wall street lawyers out of sullivan and cromwell you know that's who's been doing this
the whole time and now they're enslaving the planet with spy satellites and they're the spies
you know so like i don't know i just get so tired of the election rhetoric sometimes people just
really need to understand that this is the bankers they run the public sector they run the private
sector this is a financial slavery system it's the slavery system they've been using for decades
but on steroids and in latin america their big focus is to integrate argentina and brazil they
want to do the same thing to south america that they did to europe to create the european union
which is start with a free trade agreement for all of europe that's how the eu started it evolves
into this bureaucratic totalitarian behemoth and it's yoked to the u.s through the euro dollar
they're doing the same thing in latin america there's all these different iterations of it
right-leaning and left-leaning which are basically all globalist governance uh you know attempts
uh for south to you know re integrate south america at the regional level uh there's pro
There's MERCOSUR, there's UNISUR, there's ALLATI, there's all these different acronyms.
There's the Organization of American States.
The goal of all of these, one way or another, is to regionally integrate, whether it's under
right-leaning dialectics or left-leaning dialectics.
That's what they want.
And they want a free trade of the Americas, so not just NAFTA.
That was the North American one, right?
They want one for all of the Americas.
They want to regionally integrate all of the Americas at the economic level, lead it down
this path towards bureaucratic regional governance to be part of this global governance patchwork
thing, which has been the push for arguably a very, very, very, very long time. And they want
to do it with spy satellites and all this other stuff going on. But the idea is to do that same
model using the EU, but they want to yoke it with dollar stable coins, not the euro dollar
necessarily. And so Brazil and Argentina are the ones they need to have most under their thumb
because they're the biggest countries in size of South America. You get Brazil and Argentina,
you basically get the whole continent. So my concern is you're going to have them try and do
it the right-leaning way through people like Javier Malay. And if they get him back in power,
Bolsonaro, and frame them as, oh, they're defeating the baddies, but really they're just,
you know, they're the other hand, like we discussed earlier. And what's interesting,
too, is like a lot of this group that's discussed in the Green Plus piece, you know, RSK, the
satellite firm, and some of the connective tissue between them that includes, you know, Zappa,
Winset, Casares, and these figures are essentially like the Argentinian branch of the PayPal mafia.
A lot of their companies were funded and directed by this entity that Mark mentioned earlier called
Endeavor, which is chaired right now by Edgar Bronfman, Jr., who, if you've read my book,
you'll know a lot about the Bronfmans and organized crime and political power there.
For example, the family that essentially bankrolled Justin Trudeau in Canada,
among other figures. And they're very powerful. Reid Hoffman of the PayPal mafia and LinkedIn
and whatnot, also a very close Epstein pal, is also very intimately tied up with Endeavor.
And the companies that Endeavor helped create are some of the biggest companies in Latin
America now.
Many of them are based in Argentina.
The biggest one, of course, is based in Argentina, the first Endeavor success story, which would
be Mercado Libre, which is Marcos Galperin, who, as Mark mentioned earlier, he's on the
board of Satellogic, involved with a lot of these other companies.
uh mercado libre itself is very much interfaced with paxos paypal and in groups uh like that and
it's sort of like what happened earlier what i mentioned earlier about those those figures sort
of king making the corporate titans of latin america so this is like a modern iteration of
that with like the same players you know they're funding these startups and ensuring which companies
get big and if they succeed but they're you know endeavors not an argentinian entity it's an entity
run by people like Edgar Bronfman and Reid Hoffman. And so there's an Endeavor Argentina branch and
pretty much all of these companies that we discuss in the piece that are based in Argentina are part
of this Endeavor Argentina network. And Argentina is where they, I would argue, are going to test
out a lot of these efforts, most likely under Millais because he's very amenable to these kinds
of policies. And so one of these figures that, you know, that comes up a lot in the piece,
this Diego Gutierrez, he's one of the co-founders of RSK, of Rootstock. He gave this very revealing
interview about a year ago, and he was talking about several things that I think are important
to bring up in the context of this interview. One of them is that as Bitcoin becomes integrated
into wall street uh bitcoin has to shed its ethos as he called it essentially it has to stop being
a tool of of dissent a threat to both commercial and central banks and essentially become their
tool that's what he says um so for bitcoin to succeed in his eyes that has to happen so that's
very telling. And then he also says that there's going to be a concerted push to move away from
money printed by the state, meaning central banks, and instead move to commodity-backed stable coins
where the people that own the commodities will have all the power. I think that's very interesting
because obviously Millais, in his case, came to power framing himself as very libertarian,
but his policies thus far have shown him to be very crony capitalist, in my opinion. We've talked
about this before, and Mark brought up some stuff, you know, to that point. But keep in mind, too,
that, you know, a lot of the people in his government are from JP Morgan, for example,
or the Argentinian branch of major Wall Street banks. He's been very close with people like
Fink and Musk, as discussed, among others. And, you know, very friendly with like Zelensky in
ukraine so i mean this is not a very libertarian guy under other metrics um and there's been a lot
of you know antagonism with him in argentina's central bank which of course is responsible for
a lot of bad stuff that has happened in argentina but people also need to remember the history of
how argentina got here which has a lot of this fiscal trouble for argentina began when it was
run by a us and cie back to military coup then under carlos minim who was the great i say this
It's great not in the actually like, oh, that was great sense, like big, I guess, the big
neoliberal in Argentina, recent political history, who was basically just like a goon
for, you know, U.S., you know, foreign interests really to like gobble up Argentinian resources.
Millet is a big fan of Menem and some of the people that are in his government started
their political careers under Menem, like Patricia Bullrich, the interior minister,
for example.
So, you know, you could really frame Malay as a continuation of that stuff, you know, because Mauricio Macri, a lot of people in Malay's government are from the Macri government, especially his economics team. You know, there's a direct line to all of that.
Uh, and so I am very concerned that, you know, that would be celebrated as like a big, yes, we've, you know, he's gonna, you know, uh, the central bank's not going to print the peso anymore. It's over and he's saved Argentina. Well, is it really saving Argentina if he's, you know, going to make, you know, they're going to use dollar peg stable coins. They're regulating the credit of Bitcoin right now. Um, they're going to move to this whole model of commodity backed stable coins, which has already actually happened.
in argentina a company backed by visa that's based in argentina is tokenizing basically all
of the country's grain deposits to use that as currency so whoever owns all of the grains
uh and the biggest landowner is a big bat former backer of mauricio macri part of endeavor argentina
his name is eduardo elstein he owns all of the commodities he's also a big uh shareholder of
some of israel's biggest companies he's going to be the guy that basically controls the money then
right at least with the grain back stable coins so if you have all these oligarchs in charge of
different industries which is essentially what argentina has been becoming and has been happening
really everywhere around the world who's going to be in charge of the money is that really better
than the central bank having it because remember the central bank's run by the commercial bank so
you're just getting i mean the same under a different you know name basically i don't
know i mean there's a lot of different stuff going on here and it's going to be interesting
to see how it develops but you know sorry i'll let someone else talk i've been rambling a while no
it's amazing i think the way you talk about is sort of this establishment of you know commodity
backed um stable coins and money it gets back to this idea of kind of what marty was saying earlier
well there's still the oracle problem there's still all these issues of making a federated
side chain work well then you look at well where did the money go you know a lot of this research
came from looking at vcs and looking at where the money came that you know funded and founded these
these companies um and you look at you know you talked about x you know a lot of people forget
elon was heavily involved in paypal uh and x was you know uh initially an idea that came out of the
you know the the paypal primordial goop um and we look at this paypal mafia and and how it spread
everywhere um and this the first idea of bitcoin side chains were you know was introduced in the
sidechains paper uh in october 2014 by you know all of these blockstream employees led by adam
back the next month you know weeks later the seed round for blockstream is led by reid hoffman
um you know and and what the sidechain concept you know did basically was allow bitcoin to uphold
other ledger assets and give the ability to you know transfer these assets between multiple
blockchains and give new functions to assets that they already own um and you know you look at okay
well then who you know who was the the money behind paypal and you you look into it and you
see who who is the seed founder of paypal and you get this guy bill elkus uh bill elkus um was a
former trustee of the jeffrey epstein foundation uh and in 1997 he co-founded clearstone venture
partners with this guy, William Quigley, who later went on to co-found Tether. William Quigley
also co-founded Sunlot Holdings with Brock Pierce when Mt. Gox went under to try to buy up
the assets of Mt. Gox in bankruptcy. And they were advised by Louis Freeh, who is a former FBI
director. Yeah, exactly. And so you're seeing, okay, PayPal is all over this thing. Bill Elkis,
connected directly with epstein uh you know howie lutnick the guy that holds all the treasuries for
tether uh purchased uh an estate um you know from comet trust connected to guido goldman
um connected directly uh you know a neighboring estate to epstein's house i believe he bought 11
uh 71st street east 71st street and and uh epstein was nine uh east 71st street and then you look
into paypal and you see okay well who's kind of doing the digital infrastructure for the blockchain
uh of uh you know entity basically of paypal who's allowing all these things to happen and
it's this company paxos and then you look at the uh board of directors for paxos and we got bill
bradley who's managing director of allen and company and a former u.s senator from new jersey
as well as this guy, Jim Mancy, who's, you know, former, um, uh, uh, he, you know,
ended up being at IBM. He founded a company that got, um, purchased by IBM, but a chairman of,
of this Lotus company, both of those guys, Bill Bradley and Jim Mancy were on the board of
directors for this East coast company, cargo metrics run, uh, by this gentleman, uh, Scott
borgerson uh who um was the believed to be husband of ghislaine maxwell um and basically
cargo metrics was kind of like the first satologic uh and that it was this ocean observation company
um that was providing all of this data um collecting all of this data on um shipping lanes
um and you know basically looking at how uh again in this world empire context looking at
all of the the um transportation of of commodities of people of whatever it is but anything traveling
on ships across the oceans uh you know this company was basically collecting all of these
data cargo metrics is literally the name of the company um both of these guys are on the board
of this company uh and now they're both on the board of paxos here uh you know 10 10 years later
um and cargo metrics ended up becoming this data company and then it turned into this like quant
financial trading desk because what actually happens when you have all of this surveillance
data um you have an extreme heads up uh and leg up rather um on other people trying to trade
uh in these like global forex markets you know we knew epstein was a really big forex trader
There was actually a letter from Lynn Forrester to Bill Clinton in the White House about how they discussed currency stabilization and Jeffrey Epstein.
um and you know epstein was was you know heavily considered to be uh you know really into uh you
know forex trading um and you know that was kind of his passion uh in a lot of ways and you know
how do you get a leg up on all of these things as you get you know extensive amounts of data
um and then you create infrastructures that allow you to do trades um and and move large amounts of
liquidity and settle large amounts of liquidity within the realm that, you know, you require all
this data for. So you're beginning to see, you know, these are the same people that were heavily
connected, not just to intelligence, but, you know, basically the mafia that controls intelligence.
And they are heavily connected already to, you know, again, Paxos runs, you know, the PayPal
stable coin um i had a conversation with the head of strategy there walter hessert
and again i'm not accusing him specifically of anything or anyone specifically of anything
um but you know he spoke of uh you know the stable coin um you know market and basically said that
you know there's an opportunity here for regulation to come in from the public sector
and basically king make um you know the stable coin remaining in the private sector but you know
king making who gets to basically create the dollar denominated liabilities for this, you know,
future economic system. And Paxos is really set up via PayPal to be an essential infrastructure
provider for the modern economy. And they're, you know, seed founded by Bill Elkis, directly
connected with Epstein, has direct connections to Tether, to former FBI directors, to Brock Pierce,
Um, you know, and here they are, uh, connected to cargo metrics, this, this other, uh, you
know, Ghislaine Maxwell connected, uh, surveillance company turned, uh, you know, quant trading
desk.
Um, you know, and we've seen this time and time again with the Maxwell sisters, um, with
their, um, you know, early adventures in, in, um, you know, basically in, in data harvesting
and data collecting through the early internet, through Magellan,
one of the first internet search engines, which I believe was Christine Maxwell.
And then later, I think Whitney could probably talk more to this,
but later through I think it was called Chiliad, which later then became LexisNexis.
And a lot of these companies that get these huge amounts of direct funding and contracts from U.S. intelligence kind of came out of the same mafia, Mossad sort of entity that we all look at kind of the Epstein group as kind of this human trafficking cabal,
which is obviously true to some degree, but there's an incredible amount of data and foreign
exchange and currency financial hitman, basically. Everybody kind of generally forgets how he was
tied into a lot of 2008 and a lot of these firms that blew up. And so you really zoom out on a lot
of these things and zoom in on specific people and it's it's the same people it's the same
mechanisms they're just being modernized um and this paypal mafia is just everywhere uh all over
uh the whole this whole this whole um you know blockchain and bitcoin world and i think it's
really interesting that uh you know blockstream themselves um you know generally regarded you
know incredibly highly in the bitcoin space um you know have such huge connections with
um you know reid hoffman and then of course with bitfinex um and tether um and you know there's
there's a huge push within the block stream um you know with their liquid foundation basically
their own federated side chain um you know to to incorporate uh tether um into the bitcoin
ecosystem um you're seeing companies really uh and and spokesmen uh discourse really pushing
towards this uh you know this digital dollar system um as you know something that will basically
enable number go up for bitcoin um but i think there's a lot of caveats to that and i think we
have to really you know take a step back and not just let number go up kind of you know induce this
amnesia uh over the bitcoin community that you know there's a lot of you know i'll call it orange
washing. A lot of these side chains are not a net good for people. They are able to create digital
ID systems, perpetuate the treasury system at really, really high velocity. But, you know,
they make Bitcoin go up. So, you know, we cheer them on. And I think when you look at, you know,
some of the people that are really behind these mechanisms, who funded these mechanisms,
why these mechanisms were created in the first place, and you begin to see kind of this darker
picture um yeah it's it's very concerning in my opinion it is but i would push back and say i
don't think these side chains have gotten anywhere near the degree of adoption that the likes of
blockstream or rsk for that matter would like like blockstream's been pushing liquid for
six years now and you can look at the block explorer they have one transaction per block
and it's the coin-based transaction like i think uh it's good to see that like there's i don't
know if it's a natural aversion or just nobody's picking up what they're putting down in terms of
like uh the bitcoiners that i know and the companies that we invest in like none of them
are incorporating liquid or any of these side chains because it's like yeah that's boring
it's not really enabling the sovereign future that we're going after here but i can i mean
And it certainly is the case.
Sorry, you know, I totally agree because right now we're seeing all of these ID systems and, you know, dollar stable coins be on like Ethereum or Solana, right?
Or whatever these bullshit, you know, sidechains or not sidechains, but like all chains.
But what happens when the public private, you know, gang teams up and they go, hey, Ethereum is a security.
Solana is a security.
uh you need to use bitcoin because it's the only digital asset that's not a security
and then all of that movement gets pushed on to bitcoin and then all of a sudden liquid is a is a
you know an integral pillar uh of you know basically uh you know these these systems
because they no longer can be upheld on ethereum or on these other things so there is actually this
potential for basically setting up you know kind of the vacuum for when they pop the bubbles of
these side chains, you know, where do they flow to? You know, do they flow to taproot assets on
lightning labs? Do they flow to liquid? You know, do they flow to RSK? I think we're going to see
some sort of regulation. The Fed, the Congress, you know, they're very much so looking at stable
coins because they understand, you know, how important they are. And, you know, there's a
Howie Lutnick, our boy all over this piece, was speaking at the Chain Analysis Conference last
week. And he said that the stable coins are essential for US dollar homogeny. We need it
to perpetuate the treasury system. If the government knows that, the government realizes
that, and they want to create an enabling environment for the perpetuation of it,
they probably don't want to let validators on some of these side chains make a ton of money.
They want to, you know, push it really just to, you know, the holders of these treasuries and let's reduce the cost as much as possible at the granular points otherwise and really just push all the profits, you know, into who holds these treasuries and in which case we could see an explosion of volume on these side chains.
I definitely agree with you. It hasn't happened yet. But, you know, who knows where we're going? You know, we could see PayPal's stablecoin be issued on one of these things. And, you know, they integrate it with Venmo, they integrate it with PayPal, and all of a sudden you have 100 million users across the world or more. That's all it takes.
And I think that's why there's an important part of this system being set up is the Mercado Libre play, which we haven't really talked about too much.
You know, you need a market.
One of the big reasons why PayPal was able to take hold was because of eBay.
You know, eBay didn't really make a lot of sense when you had to have, you know, these long settlement times.
It didn't really work for this type of online auction house.
So they had to, you know, they really used PayPal and it took huge market hold because of the, you know, this huge market, you know, that was native to the internet.
MercadoLibre is basically the Amazon and eBay of South America, of Latin America.
All they have to do is integrate one of these things and we'll see 100 million plus people, more, way more than that, billion, you know, have access to whatever infrastructure provider that they choose.
And we've seen them already have some sort of connections with Tether, with Circle, and with Zappo, who has connections with both, who expressly admit that their goal is to connect to the U.S. dollar, Bitcoin, and stable coins and be the banking service for all of these things.
Zappo has also partnered with Satellogic to put Bitcoin keys in space.
I mean, we're seeing a lot of, you know, all they have to do is flip a switch basically at this point, and they can onboard, you know, billions of people if they have a need to go on to use these systems as long as the cost is low enough.
So we could see that happen at any point.
I think adoption of these sidechains is really dependent on the market first, and MercadoLibre could be that market for, you know, 30-plus countries, right?
yeah i wish them luck actually i don't wish them luck but yeah i think and whitney getting back to
what you said earlier i think that's the big question in my mind right now because we've
talked about this throughout the years on the show like what can we do to protect ourselves
against this individuals become as sovereign as possible do you google yourself grow your own food
use bitcoin the right way um but do you think there needs to push back against this because
is they literally have satellites surveilling.
The Panopticon is gone from the Pennsylvania State Penitentiary in Philadelphia,
where it's a physical place where there's something in the middle
that can surveil humans in a physical space within a 100-yard radius, too.
Literally, satellites spanning the whole globe and surveilling us from space.
Do you think there is going to be a necessary pushback
from private sector actors
that don't want to be beholden to carbon credit markets
to stand up publicly and say,
no, I'm not participating in this.
I'm not buying carbon credits.
I'm not incorporating it into my business.
Or is this more of a social movement
where we need individuals like the two of you
to write pieces to get in front of this
and educate people
and literally pink prod and poke the facade to highlight the hypocrisy and the giant scam that
all this is. Yeah, I mean, I think the cornerstone of the response really does need to be self
reliance, because if you're hoping on people in the private sector solving this problem for you
because they don't like ESG, I don't think that's enough at all. And talking about this public
private play, it's important to keep in mind that what happens, I mean, just look at this,
the Treasury Secretary office alone. So like in Clinton, it was Robert Rubin, Goldman Sachs.
He helps repeal Glass-Steagall. And then when that whole bubble pops in 2008, Goldman Sachs'
Henry Paulson is Treasury of the Secretary. Then it's Tim Geithner, who worked under Larry Summers
and Robert Rubin is Treasury Secretary under Obama. And then it's Steve Mnuchin, who was
involved in the 2008 financial crisis and whose dad was one of the top guys at Goldman Sachs,
and he was also Goldman Sachs. So what they do when they're in power is that they create policies
that help benefit them. You know, they came from Goldman Sachs with intentions to implement
policies that benefit Goldman Sachs, right? And so generally what happens is that when the private
sector wants something or they want, they've created a big market for something, they've
invested lots of money in creating something like the carbon market, and no one's using the carbon
market. They are going to then use the public sector to force people to use the carbon market.
And so they're trying to do that through the guise of climate emergency, right? And that's
not working. So if that's not working, how will they go about and how will they do it?
Well, like Mark and I have discussed before, they're trying to go about it the private sector
route. Oh, okay, you guys aren't interested in programmable, surveillable money if it's
emitted by the central bank. So if it's emitted by a private bank, maybe you will. But the other
side of this is what's happening in places like Argentina right now, where people have lost so
much of their purchasing power. So like before Malay came to power, I think the poverty rate
was just, I mean, it was insanely high. I think it was something like 60%. And then Malay came
into power and devalued the currency by 50%, which led to a massive loss in purchasing power
for argentinians on top of that now argentinians are so desperate and are being told that they're
undergoing quote-unquote shock therapy designed by a jp morgan guy um that they're doing world
coin they're scanning their eyes in the sam altman orb for shit coins and a cattle tag a digital id
and the idea is to have that be like your access to the internet and using you know these tokens
and these stable coins using Tether, using USDC,
whatever's supported by MercadoLibre's giant entity,
MercadoPago, which is also integrated
with Brazil's biggest crypto exchange, MercadoBitcoin.
And then there's Ripio in the mix,
which is partnered with all of these guys too.
They're gonna control all the rails that stuff runs on.
And that's where people are running
because their money has been so devalued
and they have no alternative.
And I think that's ultimately the goal.
is to get people on programmable,
surveillable money by any means necessary.
So if you won't do it because you're like,
oh yeah, this is a way I'm gonna use JP Morgan coin
and beat the Fed CBDC.
And if you're not gonna get suckered into that,
then it seems like they'll use destabilization
and desperation as a way to get people to onboard
into the systems that they're creating.
They're not just going to spend billions of dollars
creating these systems and have no one use them.
They're going to try and use either, you know, desperation created by public sector policies or by private sector policies and then have, you know, sort of like 2008.
Oh, look, the private banks have destroyed the economy.
Now we need the public sector to come in and rein them in, even though Obama's cabinet that was supposed to be doing that was literally chosen by Citigroup, right?
they're the ones that are going to come in and they're going to reign these in and these are
the policies and changes that need to be made but actually it's the bankers that wrote the changes
that need to be made right so we're likely going to get set up for something like that where they're
going to try and make like existing money worthless and if you want your money to be
worth anything and maintain any sort of semblance of purchasing power you have to use financial
products X, Y, and Z. And they're all going to be programmable and surveillable, if not by the
private sector, by the public sector. And they're all going to be interoperable. They're going to
be on all these different wallets and digital ID systems that look like they're different companies,
but they're all the same, essentially, in terms that they can export all their data to the same
central global database. And that's essentially the goal here. So how do we fight against that?
don't use the database don't use the digital wallet don't use the digital id don't interact
with the system and i think also you know i think bitcoin is is obviously very key to their plans
but they need bitcoin to stay as larry fink said a technology for asset storage they refuse to have
it be a currency and actually jeffrey epstein gave an interview about bitcoin that i didn't
know about until maybe like a couple months ago when we started researching this oh yes
and he says the exact same thing larry fink says it's yeah it's not a currency it's you know a
technology for asset stores there's another very prominent bitcoiner that likes to roll with that
line so yeah so michael saylor's basically it's property it's not it's not currency yeah
yeah funny that um didn't the chief of staff of inky tell come from microstrategy that's
interesting anyway um sure did yep so um anyway basically if bitcoin is kept in that box that
people like larry fink and jeffrey epstein and people like them larry summers presumably who
was on the zappo advisory board um you know these guys want bitcoin to be a specific thing because
they can use it and there's people in the space like this rsk guy saying bitcoin needs to lose
its revolutionary ethos it's got to drop that and become a tool for wall street i think it's pretty
obvious what needs to be done to scuttle those plans which would be uh ensure the opposite yes
yes yes use open source so people need software yes so people need to be putting resources into
making that happen and by trying my best you know the fact that my best well sure but basically to
recap on that if they need the bitcoin blockchain for asset storage and presumably if we're right
about what's going on in this article which we seem to be carbon markets they need that
blockchain how do we make invert their plans and use the bitcoin blockchain so that it's a
the tool of financial freedom it was heralded to be because they can't get rid of it without
scuttling their own plans no right so how do we uh bitcoin is money it's not digital pro use it
it's digital property but it is money i i and it's hard within bitcoin there's a lot of hero worship
these days a lot of people get a lot of pushback it's not just bitcoin i mean it's everywhere yeah
and um pretty much most of the heroes are for bankers uh whether it's in bitcoin or in
politics i'm sorry but it's um no mark but i'm sure trump is not here to save you uh q anon while
a very fun time we all had a great time looking at it uh it was a operation trust it was hey our
guys in there don't worry about it we got it and now here we are and they locked down the country
they print to trillions of dollars uh they push big pharma products i mean uh you know none of
these people are are going to jail like uh no so um i think we i think when you really nailed it
uh with this inversion thing and i know it's very controversial within bitcoin itself but i think if
we kind of use bitcoin uh as a mechanism uh to store things as well um again it's it is a database
um we need to enable bitcoin as currency as much as possible stable coins are not a scaling option
for bitcoin it's embarrassing that we that we're there that that's our best scaling
option um i think that's a terrible way especially when it's treasury based you know we can do some
fun things with dlcs we can do some fun things with e-cash we can do fun things with lightning
backed e-cash where we can create or lightning channels even that basically um you know create
uh you know a stable dollar purchasing um you know ability without actually touching treasuries at
all um these are the kind of things we need to play with i understand and i empathize with people
that are looking for dollar instruments um in certain economic environments and political
environments but ultimately if bitcoin just becomes okay 10 000 people got really rich
And now it's a it's a data storage blockchain for dollar assets because of, you know, lightning labs, tap root assets or whatever it is that comes up that comes up next.
I think I think we've really failed, you know, at the promise that Bitcoin could be.
And so I think there's a lot of ways we can fight back.
And obviously, we need to do things like this, get like minded people together and talk very earnestly about this stuff.
People that don't have financial incentives.
I think that's a huge problem in the Bitcoin space, specifically with stable coins, is that so many people in the space are paid for by Tether. And I'm sure a lot of them are well-meaning, but they're not going to talk crap about the perpetuation of the treasury system by a private company that has onboarded the FBI and the Secret Service to their company to allow U.S. intelligence and U.S. law enforcement to blacklist addresses.
like that's not banking the global south that's not banking the unbanked that's just like
perpetuating this uh you know dollar denominated uh you know debt model uh over the world which
i think is obviously not something that we want to see bitcoin can do so much more
so how can we use bitcoin cleverly um you know if they want to use it to store dollar
you know assets in the witness merkle you know we can use it to store uh you know data cables we
can use it to store um you know articles like this you can publish with markdown files to bitcoin
there's a lot of things that we can do bitcoin is not going away because it's too important
as an enabling environment for a lot of these things i think this idea that you know i saw
even edward snowden tweet out you know gary gensler had tears in his eyes as he approved the
black rock etf and it's just like give me a break dude like no the state absolutely wanted bitcoin
to have an ETF. They hold more Bitcoin than anyone. The U.S. DOJ and private companies
within the United States hold more Bitcoin than anyone else. Significant portion of the supply.
This idea that this is this complete counter revolution to U.S. dollar interest, I think,
is a little bit misguided and naive at this point. Now we have to really make sure that
we don't allow it to be co-opted by dollarizers. We don't allow Bitcoin to be dollarized. And
instead we push back and we say hey i have an ability to send you marty money without any
fucking spook getting in the fucking way at all and that's fucking important and that's magical
and that's something that you know we need to make sure stays possible that you know we own utxos we
own the ability to do that we'll be able to transact you know on bitcoin to each other for
you know the next for the rest of our lives how can we get a billion people there how can we get
more people to have that same permissionless access to Bitcoin that we have because we were
quote unquote early adopters. Right. There were much earlier adopters than us that have a lot
more Bitcoin than us. You know, who are they? You know, why is D Hawk? Why is John Reed? Why is
Larry Summers on the on the advisory board to Zappo in 2013, 2014? You know, these huge titans
of Citibank, of Visa.
You know, why is Epstein talking about Bitcoin back then?
You know, there's a lot of people
that have a lot more Bitcoin than us, right?
Another important link now.
Yeah, go for it.
I'm sorry for interrupting.
Zappo, acquired by Coinbase, holds all the ETF Bitcoin.
Yeah, the custody.
Yes, exactly.
The custody solution that Zappo, you know, yeah,
I think they literally marketed themselves
as the fort knox of bitcoin i think which is uh kind of uh an interesting uh analogy to choose
yes and the titanic of uh of ships and that's like what actually happened to fort knox here
white pill white pill don't want to be too optimistic and we should certainly be
aware and fighting against all this stuff but i am incredibly encouraged by all the innovation
that's happening particularly with chami immense whether that's on the cashew protocol or the
fediment protocol uh it is obviously it does come with some custody trade-offs but i think the
privacy benefits and the fact that you can build these modular dlc uh stability pools within chami
e-cash systems that give you the same functionality of the essentially controlled stable coins is
very promising i mean we're doing everything we can at 10 31 to back the company is pushing yeah
you are the industry totally in this particular direction we've got the feddy team here the
mutiny team here working hard to do this and i think i it's a combination of things that are
going to lead to this success the backing of these projects number one and two what you guys are
doing educating the market and really instilling confidence in people to push back against this
because um it is a bit daunting it is a bit ominous it is david versus goliath like fight
where people have been psyoped into believing they have no agency and therefore no ability to push
back against this but it's here the tools are being built you just have to be aware of them
support them adopt them um and then at the same time uh as whitney likes to stay like
stab a needle in the eye of uh everybody trying to push us towards the digital pet opticon
yeah well i think it's important to say too that i think um there's a lot of people in the bitcoin
media space that will never talk about this or what you just mentioned. And I think a lot of
that is because a lot of money and effort has been put into specifically homogenizing
media discourse in the Bitcoin space because they want them, they want Bitcoiners as much
as possible to be compliant while Larry Fink and his ilk do what they want with Bitcoin
and make it what they want it to be
so that people are content with number grow up
and sort of the sailor-esque talking points
that have gotten a lot of, you know,
a lot of people have heard those
versus what you just mentioned from example.
You know, there needs to be a cultural shift in Bitcoin
in the opposite direction
of what this Diego guy from Rootstock said,
where he's like, we need to drop the whole,
you know, stop fiscal irresponsibility of the banks and central banks and, you know,
be a challenge and threat to their power. We have to drop that if we want to get rich. I mean,
that's the mentality there. And I feel like the sailor mentality really isn't that different from
that. We have to push people in the other direction, because if we go in the direction
they're pushing those people to go in, you know, people that want to drop the ethos or whatever
and make bitcoin just a tool for wall street um i mean no if we let that happen very bad things
happen and there has to be a fight and there's a specific effort that's been launched against
people that hold bitcoin to try and get them to be compliant in that sense and you know and but
and that's through you know controlling the discourse in the media space there needs to be
a desire among bitcoiners to return to the original ethos uh not the opposite there needs
to be a fight for that people need to care about that again imagine the glory compliance is not
defiance i think as the bitcoin bugle boys like to say compliance they say compliance is defiance
which obviously is making fun of this stuff um and i totally agree whitney and you know i think
it was very uh said very clearly in the sailor keynote from pac bitcoin uh 2022 literally as
uh you know ftx was collapsing around us you know literally you know our phones are blowing up all
this crazy shit's happening november 2022 sailors on stage saying don't be a martyr don't fight the
system uh stable coins on lightning is a 10 trillion dollar industry um you know let's let's
go let's bring it on you know we're all gonna get rich um don't be a martyr bend over for larry
yeah yeah yeah bite the pillow uh they're going in raw i don't want this to be like calling for
people to to go to go be a martyr like i'm not saying go set yourself on fire in front of you
know the black rock headquarters that's i'm not that's not helpful or useful either it's not
productive at all um plus the admissions the carbon admissions from burning yourself i think
you know uh it's very bad i wouldn't i would hate to see you're gonna get it you're gonna
get a state an estate tax ding on top of that your family would be taxed for that yeah
yeah and imagine the glory i owe sata logic uh
yeah imagine the glory i think we can but there has to be things we have to do
Yes, but the path that we're describing here is a harder path to take.
It's going to take longer.
It's going to take a lot more effort.
It's going to take a lot more education and new learnings from individuals
to actually interact with this compared to an ETF where you don't know
you interact with TD Ameritrade or whoever and you just click a button
and that's your interaction with Bitcoin.
That's not the future we want.
We want to actually interact with the protocol and the layers built
on top of it and actually hold and use bitcoin correctly and i want to paint the picture of a
glorious victory where we successfully do that and if we can build out the tools and make bitcoin as
useful and provide the market with fundamental utility that gives people agency over their
money bitcoin will number will go up naturally from that that path as well it's just going to
be longer and harder but i promise you yeah but it doesn't involve everyone's financial enslavement
and it doesn't enable the fiscal irresponsibility of the commercial and central banks to you to
to dump all the irresponsible like debt generated by their money printing into like bitcoin and be
like oh problem solved keep printing forever i mean that's basically what they want to do it's
insane it is and there's people that are like that's fine because now i have money and it's
like yeah so you remember why you got into this and like you know i don't know yeah it's just uh
let's go back yeah people get on us you know i'm i'm still new at you know some of this stuff and
you know i still read comments and whatever and and i see people say stuff you know where they're
like well you don't offer any solutions you're just blackpilled you're like doom shilling and
it's like i'm actually like a really upbeat optimistic guy like i think we're gonna win
i think we have a lot of work ahead of us and we have an incredibly ghoulish apparatus that we need
to fight um but i really you know i'm a monomyth guy i believe in the you know our history is fake
and uh but the stories are real and in the stories the good comes together in the end
and uh you know they uh they defeat the dragon or whatever right and and i think that's what
we have to do here and we're really thankful for shows um you know like tftc and uh you know
certain platforms where we actually can talk about this stuff still you know there's like a couple of
and, you know, getting us like minded people together just to be able to talk freely about
this stuff is so important. You know, this is, you know, this is this is fiery stuff,
I think, with this piece and and particularly with kind of this conspiracy of what they're
trying to do. But it hasn't happened yet. You know, like none of this stuff has really been
enacted yet. It's all about to be enacted. And there's a bunch of stuff that we can still do
and push back and as much as bitcoin is an empowerment tool um you know for a lot of these
evil people uh it also can be an empowerment tool uh you know for revolutionary you know actions so
you know maybe they made a mistake if they tried to co-op bitcoin and they let a bunch of us get
funding maybe they made a mistake by letting you know your fund be able to fund mutiny and and
confetti, you know, and by letting us get some capital and deploy it efficiently, you know,
like we actually have an ability here. What happens, I think this is one of the most important
years for Bitcoin ever. I think it's one of the most important moments ever for humanity, you know,
because this revolution is happening regardless, this digitalization, you know, this Panopticon
is going to be built. And, you know, we have to kind of make technological strides and pushbacks
now um and there are so many ways we can do it um but ultimately you know it's really about you
know the revolution is an internal thing it's it's a singular thing and uh you know we just
have to live better lives and we have to you know give the lives to our kids that you know that they
deserve and show them the world that they deserve and we can win on so many different levels um you
know the human spirit is is a beautiful wonderful thing and it can't be captured by a blockchain
uh you know run by uh some federated key signers somewhere you know there's there's so many things
that just can't be bogged down by a blockchain um so you know we got to really just you know
buckle down figure out you know who our enemies are and a lot of them are are uh you know in
sheep's clothing and we we roll down the the the red carpet for them at all these events was
they're literally manufacturing consent for censorship for dollarization uh and the
enslavement of the global south via dollars um and we need to push back on these things not be
afraid to talk about them because discourse is the first thing that they capture it's also the
first ground that we can win with truth uh truth resonates like crazy there's a reason why i i
jokingly refer to whitney as like the ghost in the machine where she gets crazy numbers on all
these things but like you know she's pushing back on their very tools like that's what's so funny
about you know you know we're we're enslaved by the algorithms right but also we can fight back
using those same algorithms that you know uh are trying to enslave us we can push back with good
content because it does resonate so it's really important that we do this stuff um and yeah i'm
just thankful to be here yeah and uh there's so much left to do but this is where it starts really
is discourse well discourse and i'm very happy you said the r word because that's talk about
language control that's one word revolution that some back orders like don't say it don't say it
like we don't want the state to think that we're pushing it up against them it's like no we need a
revolution look around you look what's going on look at this yeah carbon credit program they're
literally sending satellites in the sky to send data to smart contracts that dictate whether or
not you can spend money at the grocery store next month like it is time for a revolution the
revolution does not need to be bloody i don't think like you just said mark i think we have
the ability to leverage the same tools that they do in a different way to have a successful
revolution against this impending fucking hellscape that they're trying to push on us
and you can't be afraid of that we're open about it go ahead with me i just want to chime in really
quick so part of what we're talking about here part of the way to like defeat this apparatus
that mark as mark referred to it um so much of what they do including like their uh media ops
uh in efforts to control discourse but also just like getting people to onboard to stuff when they
otherwise want it it all runs on fear right and like all the stuff that happened during covid
people fell in line because of fear it's all fear-based pretty much everything they do a great
way to not fall into that is not be afraid of these people, no matter what PSYOP they throw
at you. And I think this year, election year, not just in the US, but in much of the world,
yeah, unprecedented fear-based PSYOPs are going to be coming one after the other until they get
enough people to comply and acquiesce. And the way to, you know, get around that is to not fall
into it. You know, it's the trap and a lot of it is the media discourse. And I think, you know,
the more controlled online discourse becomes,
the greater the effort will be to use it
to get people to be very afraid of what's happening.
And if you unplug a little bit and spend more time
in like the actual world,
you are much less likely to feel that way.
And I think that's why during COVID,
they wanted so much of our discourse to be online.
And then they took even greater control
of the online discourse.
And we know now under the guise of election censorship,
they're going to clamp down even more on online discourse and lead it in very particular
directions. They want Americans in particular to be at each other's throats. You know, textbook
divide and conquer, among other things, though. I mean, they have this whole war on domestic terror
apparatus, all this stuff about civil war, and we need this and that. Regular Americans are
generally on the same side. And they want to divide everyone. And it's all through fear. And
they've been doing this PSYOP after PSYOP after PSYOP, whether it's 9-11, COVID, you name it. I
I mean, it's all fear-based and wants to alienate you from your local community.
Like, again, it's about self-reliance at the local level.
You know, that's a big part of the response.
But it's also, you know, getting people, not just you, yourself, though obviously that's where you start, but making sure that the fear doesn't anchor in to, you know, where you are based.
I think that's a big part of it.
Just that's all I wanted to say.
Thanks.
yeah well and in terms of like this like in two points what you said earlier election year
fear-based divide and conquer is being employed uh if you're not for biden you should be for trump
if you're not for trump you should be for biden bullshit they do this every four years how have
people not figured it out and we have we have an example this because nothing matters because the
the fisa um reauthorization and the the expansion of fisa this week you have a republic controlled
controlled house you have a democrat president and they're both like yeah we're gonna surveil
you same shit different rhetoric only difference i mean it's it's a rhetorical difference that's
ultimately meaningless and with on the line of like pushing all the discourse digital like what
they just expanded pfizer to be able to do is going to be able give the government the ability
to granularly target people that are exhibiting speech that they don't like like they just got
the ability to literally tell coffee shops like you need to give us all your wi-fi traffic data
so that we can surveil everybody pfizer which was originally supposed to be targeted towards
um foreigners terrorists yeah terrorists now it's yeah well the government just told the coffee shop
they had to give what palantir originally was so palantir was originally total information
awareness and then they tried to rename it terrorist information awareness but total
information awareness is what they always wanted and that's surveilling everyone for everything
and it's surveilling people at the biological level like the to stop pandemics before they
start narrative that was part of it it was also about financial surveillance it was surveilling
what you buy at the grocery store. That is literally what they are doing again. But it's a
mix of public entities and private entities that are all involved in these opaque partnerships. So
it's not one clearly defined program at DARPA like it was originally supposed to be. But the goal is
to completely erode privacy, to completely surveil everything and prevent X before it happens. X being
literally anything they don't want to happen or say they don't want to happen. So prevent crime
before it happens. Pre-crime. William Barr, Attorney General under Trump, legalized pre-crime
in the United States. It will come. They've set it up, you know, and they want it all to run on
your data. They want to prevent, you know, they'll say it's for terrorist attacks. It's for pandemics.
It's for crisis X, Y, and Z. It's for climate calamity. You know, we have to prevent it before
it happens it's all algorithmic based uh but it's all they can only manufacture consent for that if
there's a climate of fear yeah period what's that uh trevor moore that trevor moore tweet where he's
like hey what if uh you know all these spooks discovered you know through the mk ultra program
that you can control uh humans through fear-based tactics and now they simulate uh you know events
uh in the public to instill fear to like control the masses you know ha ha ha and then you know of
course he died you know a month later or whatever but i think that idea of uh you know fear-based
control it's something that we've seen um you know there's this great baudrillard book um some
macro and simulation um that you know talks about this idea of you know if you are a person in a uh
bodega and someone comes in to rob the place and you you you this this fear is instilled in you
because someone comes in with a gun and holds it up at the person uh and and goes to rob the
register and you're fearful for your life and then as soon as it's over they turn and they go hey
just kidding i'm actually an actor and he's an actor and this is a fake gun it doesn't matter
the the fear and the emotional uh you know output that you had because of this this simulated input
it doesn't matter that it's fake you still have that same emotional response and you still react
in the way as if it was real um you know they've realized this that this is such an incredible
tactic to control people at an individual level this very clearly works at uh you know at a mass
level and now we're seeing you know fear-based tactics everywhere i mean covid made us fearful
of each other um the climate uh you know gam game game here uh makes us fearful of you know it makes
humans basically exactly it makes us fearful of the earth and also the the uh thing that causes
the weather to to go bad is human action it makes the enemy of the world humans are like themselves
and this is something explicitly stated by like the club of rome uh you know ghouls that you know
are are behind a lot of these things um you know they've really turned humans into being fearful
of each other divided if there's a subject they don't want people to talk about they create uh
you know through operation mockingbird and and other other tactics they create manufactured
discourse about manufactured events to shepherd people into this fake false dichotomy um and now
we're stuck in these these these two choices um that were both fake uh you know to begin with
that were that were simulated through fake events um and it's it's it's really it's really wild when
you see you know okay you know hey youtube is is uh you know is bad because google's bad we all
know that right so let's all go to rumble well hey canter fitzgerald took rumble you know public
right it's the same people that are peter thiel funds it from palantir it's the same people
that were fearful what are we afraid of google oh because they have all our data and they run
everything and, and, you know, they're not so great. Well, Boundeer is better. Uh, Cantor
Fitzgerald is better. Um, why is Peter Thiel better than Susan? Uh, you know, YouTube, uh,
why is that any better? Um, uh, you know, it's, it's, it's this total false dichotomy. Um, and
we fall hook, line and sinker for it. Um, because we have these pied pipers that are literally paid,
uh, you know, to lead us there. Um, you can see that on X. So, so like, obviously with, you know,
the people paid by by elon to post on there you know this idea that x is the public square is
just so ridiculous you know now they're gonna start charging for posts the amount of murder
videos i've been fed and like fights at schools that i've been fed and another thing it's getting
so egregious like around the totality solar eclipse like the amount of content that was
just being flooded with oh my gosh the world's gonna end after this was gonna be earthquakes
like they're gonna cyber attack like it's they want people scared as fuck all the time that's
what they're doing yeah and i i almost fell for it over the weekend with the iran bombing israel
i was like oh shit world war three then i took a couple minutes i was at a baseball game with my
boys and my wife i was like you know what this is definitely something uh being manipulated here
all wars are banker wars and uh both sides are being played in this iran totally wasn't
by the cia uh you know it's totally not a world empire uh you know all of these conflicts are real
russia and ukraine didn't have the exact same covid policies uh you know it's it's just it's
it's lunacy that we you know we we understand so much about what's happening you know zoomed out
and then when we get locked into these little you know i'm on team a i'm on team b it's like
full fuck that guy you know he's wearing the wrong color on his shirt uh you know i'm a red
socks fan he's a yankees fan like fuck that guy it's like no we're all being controlled uh you
know let's let's let's get together here even sometimes i think with you know some of the
dissonance that i think was was ultimately generally correct like with covid um you know
obviously it was it was a pretty wild time um to be looking around looking for any signal anywhere
um but you know so much of covid dissonance was you know absurd things about vaccines and all
this stuff and i'm not i'm not i'm no vaccine fan i wouldn't do it i'm not vaccinated but you know
a lot of the discourse was very controlled and very insane and it's graphene and nanothene like
all you don't have a 5g antenna in you good job dude not no not yet 5g not yet not yet um but and
and i don't know ultimately right like i'm not sure i'm just a guy with internet access for the
moment um but you know so much of the discourse was controlled so quickly to divide each other
and to distract from no one talks about the lockdowns no one talks about you know printing
trillions of dollars like it's it's all about the vaccines and are you on this side or this side and
it became this politicized thing that was literally inverted in front of our eyes where kamala is
saying i'm not taking the vaccine because it's trump's vaccine to six months later you know i'm
getting yelled at and being called a trumper because i'm not vaccinated and it's like well
what the he's the vaccine guy like what like did no one just see this phase shift happen in real
life am i going crazy like what happened excuse me you're not a trumper you're murdering trumper
okay you're murdering your grandmother exactly uh and and it's just it's it's it's so wild and
and and and i think even some of the smart people really fell for it i mean and it's it's really
tough to stay up on psyops i mean it's very hard but i think in general when there's something that
is trying to divide people to a dichotomy the dichotomy is wrong like like the world is not
black and white it's very gray um and so whenever there's very clear black and white you know tropes
that's a very very big trope of some of these you know groups that control us is false dichotomies
of black and white um and just whenever you see that you know you should raise a little flag and
be wary of that in my opinion agreed be aware freaks be aware be the patriot you want to see
in control don't depend on q okay um this has been great two hours do you have anything
we should leave the freaks with whitney any final thoughts
uh yeah don't let them i don't i don't know i mean there's so much stuff to say i feel like
already said it just i guess repeating uh don't fall into the fear-based psyops it's just maybe
we should get offline a little bit more everybody and also um please do not let bitcoin become larry
fink's little i mean that's just embarrassing yeah please don't do it uh and that's my plan
Planet Garden.
Remember, go up amnesia is a good phrase I'm going to take from this one.
Because it is hard.
Take it, baby.
Sitting there, your old Bitcoin number's going up.
You're like, oh, shit, this feels good.
You have to fight that urge.
Totally.
Well, they want to try and buy people out and be like,
oh, you wanted to be a revolutionary, did you?
Well, here's, you know, six figures.
Yeah, how about a second saltwater pool?
How about a hot tub, Mark?
You know, it's like, how about you peel off a little Satoshi
and get yourself something nice you know it's like no i don't give a fuck about that actually
like i'm i got into this stuff you know totally not because i i was never a thing about getting
rich and um you know i want to use you know whatever funds i've been lucky to to get to
you know to do to establish sustainable which i know is a dirty word these days but just to
create sustainable architecture that you know can really push back on these things um and you know
I think we all have a duty, I think, of Bitcoiners to keep Bitcoin permissionless,
keep the spirit alive of the Mershas and the Amir Takis and the Martys
and, you know, and push that shit forward, you know, and keep Bitcoin freaky.
And, you know, yeah, don't let BlackRock dollarize Bitcoin, please.
That's my final word.
Well, I know for certain I can give you two.
this is what i'm looking for it's not closure you can uh you can understand well that there's
at least four or five teams working to build products to push us in the right direction
here right in bitcoin commons here in austin
educate yourself freaks don't be afraid to speak up that's been one of my
goals initiatives i guess you can say over the last six to nine months particularly
is i repeat it i'm sorry if you're listening to this and you're like oh my god marty can't
believe you're saying it again but it cannot be understated you need the confidence to speak up
against this there are very prominent figures in the space who we've discussed throughout this
two-hour conversation that want to push you a certain way yes they may say a lot of right
things but you have to listen for the the dog whistles trying to push you in a certain direction
uh subconsciously and don't be afraid to speak out say no bitcoin is money i do want to use it
to transact i do think the u.s dollar reserve system is uh inherently evil and i do want to
replace it with bitcoin i want to use bitcoin as my money i want to use it in a self-sovereign
fashion uh in a peer-to-peer fashion and uh that's not bad to say it's not bad to vocalize
those thoughts especially there may be very rich people there may be very prominent people there
may be people who are very articulate certainly more articulate than me that that put a good
smile on they jack people up they help number go up uh but in the long run the the
the timeline of bitcoin success being uh an asset that's larry fink's little pet pet pet rock
that he integrates into the financial system
is not the future, not the timeline
that I would live on. So, have the confidence
to speak up.
Whitney, Mark.
Well said. I thought that was very articulate,
Marnie.
I'm not known for it. I can't pronounce words.
Clip it.
When can we
expect part two to drop?
Hopefully in a month-ish.
A month?
yeah uh having is a little crazy over here in bitcoin magazine world um but uh yeah i'm hoping
to get uh you know some some some good headway in it in the next you know week or two uh yeah i'd
say yeah sometime in may all right so we'll congregate again at some point in may to uh
to follow up sounds good i think not repetition but uh to keep getting this message out there
it's important agreed well thanks a lot marty thank you guys yeah thanks for having us peace
