TFTC: A Bitcoin Podcast - #530: Real Inflation and Compounding Valuations with Dave Collum

Episode Date: August 16, 2024

Marty sits down with Dave Collum to discuss inflation, the election and the twisted networks influencing politics and entertainment. Dave on Twitter: https://x.com/DavidBCollum 0:00 - Intro 1:09 - Truflation is BS 9:18 - Hardware collateralized debt 11:08 - Deflation and money supply 14:13 - River & Unchained 16:06 - Yen carry trade and US buybacks 19:36 - Compounding valuations 25:32 - Gradually, Then Suddenly & Zaprite 27:38 - Narrative control and war drums 34:04 - Kamala’s campaign 40:19 - The assassination memory hole 43:47 - Elon 48:51 - Propaganda whirlwind 59:54 - Dark and disturbing networks 1:23:05 - Free speech 1:29:51 - Trump’s second term Shoutout to our sponsors: River https://river.com/tftc Unchained https://unchained.com/concierge/ Zaprite https://zaprite.com/tftc Gradually, Then Suddenly https://thesaifhouse.com/gradually TFTC Merch is Available Shop Now: https://merch.tftc.io Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Follow Marty Bent: Twitter https://twitter.com/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://tftc.io/podcasts/

But this DOD intelligence guy, and I was fact-checking him all through the Zoom call, and he is everywhere. He'd talk about Rumsfeld. I'd Google him and Rumsfeld, and there they'd be together. I said, let me ask you a simple question. Is the Clinton Foundation trafficking children? And he said, absolutely.

This rip of TFTC was brought to you by River. It's the best place to buy Bitcoin. Go to river.com slash TFTC and enjoy this episode. 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 how hard has inflation hit you it hit me hard it's hitting me hard what do you blame for it i blame the federal government at this point if a working-class mom who works as a paralegal cannot buy a two dollar bell pepper because it's now five imagine a mother living on a food

stance. Imagine a mother who's making minimum wage trying to feed children. They're killing us without killing us. If you understand that. They're killing us without telling us they're killing us. They're hurting people in ways that they can't help themselves. It's either feed my child or, well, how about feed my children and I don't, but I have to go work apparently inflation's only one and a half percent people aren't feeling it yeah it's almost non-existent it's insane at this point i mean this is why we started with the cold open because we were talking before we hit record you were tweeting earlier that you're in a pissed off mood because somebody is running with the the white house bureau of labor statistics line that

inflation's only at one and a half percent it's been tamed well i also was a little pissed off because there's some smart people who seem to be signing off on the trueflation metric and to the extent that it comes in looking like the cpi then then i know it's bullshit what is the trueflation metric for people who are unaware of it well i haven't dug into the the protocol. So I should be careful, but let us, it is now an inflation metric for, I think it's a CPI for those who are embarrassed to use the CPI. So I think it's a reconstructed CPI so that you can pretend like you're not lying your ass off. That's my best guess. So I'm going to figure it out. And I've even seen, you know, sort of ravings about how great

it is because how close it tracks the cpi and i go well the reason we need a true flation metric is because we need one that doesn't track the goddamn cpi yeah and so so i mean the cpi's got so many holes in it that it's there's outlandish it's just a pack of lies and and it you can see it in the protocols right it's not the answer that's a pack of lies it's the protocol so they You know, like they measure the cost of housing by using the OER metric, owner, come on, give it to me, owner equivalent rent. And that literally is a survey in which they ask you how much could you rent your house for? And unless you are Melody Wright or someone, you have no idea. So it's a stupid survey.

I wouldn't know how much I got to rent my house for. And no one can. you know if you wanted to do that just ask airbnb right how are rents going right um which i wouldn't support that either but it would be closer and so they use oer and then they use all the hedonic adjustments that the boskin bullshit artists came up with years ago that said you know everything you're buying is better which by the way everything i'm buying is worse it's all just sacks of crap you know breaks it can't be fixed it it's you know you you know you're you're uh you you try to get help from someone at any any organization you can't find

someone who knows what they're talking about try to get health care try to get anything everything just sucks so then i saw someone post the 1.5 inflation rate which then gets the market all jacked up because then they say, oh, now the Fed's going to lower rates and therefore we're all going to be saved. And that turns out to be bullshit, even if the Fed lowers rates, they're not all going to be saved. But, you know, I look at something like, you know, John Williams' shadow stats, which is, I think itself has been probably vilified enough by the mainstream that people shake it off. But then you go to the Chapwood index and it's just like John Williams. And so here's the question I like to ask people. So let's say inflation is not 1.5% or 2% or 3%

like they've been saying lately. And let's say it's got another four or 5% on it, which if you ask that black chick who you just had on the screen, she would say at least that, right? She said a bell pepper is not $2, it's now $5, right? Now I can see it. I used to buy sliced turkey for, you know four and change a pound and now it's in in my in my grocery store and it's not some it's not some fancy schmancy thing it's just tops there's now 13.99 a pound for all the sliced turkeys all of them are 13.99 a pound it seems high because i've seen it cheaper than another source but you get the idea and um and and so so if we assume that inflation is running much hotter then here's one of the implications that GDP is inflation corrected,

which means therefore one could make the argument that since the GDP is running somewhere between sort of two, three, three and a half, one could argue we've been in a recession for years. And you say, well, that can't be because, well, they say that because the idea is that recessions only last like a couple of quarters. What if our economy has been shrinking for years? what if what if the fact that nvidia is three trillion dollars has nothing to do with our economy right what if what of all these metrics that people use to measure our economy is

are totally missing the fact that every that everything's getting pounded relentlessly and and so so i was pissed about that and now you got guys who are talking about serious players who are talking about we could go into deflation i go what's going to deflate give me something it's going to deflate. And then invariably, it's going to be an asset. So I think in the tweet, I referred to it as you're going to call for the Fed to save your fat assets. And you could make the argument that's a form of deflation when your NVIDIA goes from $3 trillion to $500 billion, which I'm confident it will. I just saw Huawei is about to take NVIDIA to the cleaners. NVIDIA's vendor financing, it's a scam operation, best I can tell.

And the guy's got a history of it. The CEO's got a history of it. Really? Yeah, yeah, he's one of those guys where you go, look in the past, dude. Pay attention to what he was doing years ago. They've got, there's rumors that there are at least 35 independent companies buying from them their vendor financing. So what are they doing? They're selling chips to these guys, lending them money to buy the chips.

meanwhile meanwhile uh one of them's a cannabis company for example they have no reason to buy chips what are they using for for for for collateral they're using the chips so now you can see that we're just whizzing around in circles here and then and i'm not sure about this number but i heard 5 000 ai startups now maybe it's 500 but it wouldn't shock you as 5 000 because anyone who can write code has probably got an ai startup at this point they're selling chips to these companies they're between the five thousand here here's the analogy you like they're about as valuable as the bottom 20 000 cryptocurrencies and and and uh and and and so they're all going to buy chips and then they're all going to go bankrupt and then there's going to be no market

And then the big boys like Microsoft and stuff, they're going to say, well, you know, kind of a downturn. We don't need any more chips for a while. We need to sort of sit on our cash. And then NVIDIA is going to have no customers. That's the end of NVIDIA. The hardware collateralized debt is a lesson we learned in the Bitcoin mining industry in 2021.

And it's not a good lesson. Is that right? Tell me about it. Tell me about that. Tell me about that. There was a bunch of lenders that came out And basically offered these lines of credit that were using the mining ASICs, the computers that mine Bitcoin, as collateral. And the industry quickly learned, once the bear market came, that that was a shitty debt instrument because the price of the hardware is tightly correlated to the price of Bitcoin. So the price of Bitcoin. I'm shocked.

I'm shocked. and and they probably were not getting unlike the smart guys they were probably not getting super cheap energy right the right the right miners are parking their you know mining operations sitting off iceland or something right i mean they're they're yeah so these guys are paying you know pay if these miners are paying you know new york city new york city utility bills they're gonna have trouble making money too so yeah and it was expensive debt too it was from like 12 to 15 depending on who you went to oh that's guaranteed to collapse yeah it wasn't necessarily like the vendor rigmarole mood that you were describing with nvidia however i mean

it is similar enough where if the scenario that you laid out all these ai startups go bust and can't pay their bills that's going to flood the market with hardware that needs to be sold off to pay back investors and the collateral in those gpu backed debt instruments is going to go to zero people are going to get margin called and the bottom line this this will take us to a big big big issue soon but the bottom line on the the inflation story is that it really comes down to the fact that that what people are calling deflation is is simply taking the froth out of markets. That's their definition of an inflation, a deflation. We're going to go into deflation. I go, yeah, the piece of shit you own right now is going to go to zero. I'm not willing to call

that deflation. If you're watching and look at the money supply, here's one for you. You probably know this, but your audience may not. If you actually plot the S&P corrected for inflation and instead of using the cpi which we know is a sack of shit you simply use the m2 money supply which is a pretty goddamn good metric for how much money is out there right and and i think the fed stopped reporting it because maybe they saw that that would get embarrassing at some point um but if ron grice did it and if you plot the s&p 500 for 100 years corrected for the m2 money supply it's gone down it is down if you correct it for inflation using the empty money supply and then add in treat it as a as a total return package where you include um where you include

dividends it's compounding at 3.9 percent which happens it's 3.7 percent which happens to correspond almost exactly to the number in 1999, Buffett said is all you can expect to get. Now, now take away taxes, take away fees, take away all the frictional costs. You're back to not making any money. And they say, well, but I'm saying, but people, but people say, well, I've gotten rich.

Wait till they squeegee your ass out of the market the next time and you're going, you know, I really haven't gotten rich. Right now you feel rich because you're at the end of a 16-year boom that's Fed-driven, that's money-printed-driven. Yeah. It's probably going to get worse, right? Because I think what happened in Japan last week, many people –

Bigly. Yeah, Jeremy Siegel come out and be like, you need to cut rates by 75 bips now and then another 50 bips next month speaking of assholes speaking of assholes not realizing that it would just exacerbate that that unwind of the carry trade and so you had to walk that back did you see him to walk that back i did not see that i did not see the walk yeah he had to walk that back because a lot of people said jeremy you're just blowing it out your ass that was stupid don't do that he called you know 150 basis points in 15 seconds sort of rate cuts i'm going and that's

because the market has dropped, what, 8%? Even Guy Adami went out there and said, this is just stupid, this is just ridiculous. Now, if Jeremy Siegel had a half a brain, which I don't think he does, and he could see turbulence inside the credit markets, and he wants to make that case, then I'm at least willing to listen to him.

But if he's talking about how you need 150 basis point cut because equities have dropped after a completely unfounded ROID rage, then Jeremy Siegel should retire. He should shut up. This episode was presented by River. River is the best, most secure place to buy Bitcoin in the United States. Go to River.com slash TFTC. Set up an account today. You'll be able to DCA into Bitcoin without paying any fees. You'll be able to give people Bitcoin via River links.

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in a multi-sig quorum. That gives you full control over your Bitcoin. They also have an IRA product, a lending desk, and they're rolling out a bunch of other products, including an inheritance protocol and sound advisory so go to unchained.com set up a call with our concierge onboarding team today tell them that tftc sent you and use the promo code tftc at checkout unchained.com it feels like what's going on in japan it feels like the fed needs to hold steady for at least how leverage does the japanese how do you measure the leverage of the japanese car trade so so in a nutshell it's my understanding is that japan did two things first of all they raised rates by chicken shit amounts of basis points 15 basis points i think off of zero and and and on the one hand you know

that's not a lot that's not exactly you know whack in the investor but at the same time coming off zero means that the they increase the the the the interest on japanese debt by infinity so there's that multiplier problem and then they sold 34 billion dollars worth of debt into a market where there was no market previously. So they were buying every shred of the Japanese debt being issued. And so the Japanese bonds don't trade. They just go straight from their treasury to the Bank of Japan. And literally, supposedly there were days where a single Japanese bond did not trade. That's how broken the Japanese debt market is. And then, so now all of a sudden, And who's going to buy those?

Well, there's guys who have levered the shit out of every possible investment using the yen carry trade. And all of a sudden, the Bank of Japan just said, sorry, it's over. How much leverage does the carry trade represent? I was looking for that. You know what you find? You find bullshit plots that go back 12 months. I mean, it's got to be.

Enormously high. i would imagine yeah like like enough to destroy the financial system yeah on that topic of government debt i mean it's getting creepier in the u.s too i mean you had the i'm told yield curve is averted right now you had the 10 30 year auctions are actually absolutely piss poor last week you have the treasury opening up the the buyback window for the first time since 2001. I didn't see that. Oh yeah, they opened it back up in March.

So they're essentially admitting like, there's no demand for this shit, so we'll buy it from you. And something like 17 or $20 trillion worth of debt is gonna roll over real fucking soon. Yeah. And there's gonna be no buyers. Russia's not gonna buy it from us, I'm told.

China's not gonna buy it from us. I think it's possible the Arabs are not gonna buy it from us because we're sitting there supporting the one country in the Middle East that they'd like to bomb to oblivion. So I think we have lost. And, you know, who's going to buy that debt? The answer is the Fed.

Yeah. The Fed. Yeah. It's a crazy time right now. Like, all this is going on on, like, the economic side. I wonder if it's a coincidence. somewhat intentional but leading up to the election everything going on with that like for you know we've been doing this for five years now this is it's probably true every time we record

but this is the most chaotic time well it is true it's like saying the markets are at an all-time high well tomorrow they'll be higher yeah um the average person doesn't know what valuation means I find it frustrating so I'll post something about valuation and they'll say well that's because you know they're debasing the currency I go no because valuation is where you divide the price by something that is also being debased earnings book value you name it right GDP it's it's all being fucked around with by debasing the currency yet the valuations are still going up they've been compounding at 3% a year for 40 years. They're not supposed to compound.

Valuations are not supposed to compound. Why is that? Because you just hit a natural limit of growth that? Well, the valuation tells you what your return is going to be. So if it's a, let's use PE. I hate it because they rig them, but let's use it because it's mentally easy.

If the PE is 10, it means your price to get a 10% return. That ignores growth and all sorts of other shit. But if the price to earnings ratio means you're gonna get about 10% of your price on earnings, right? So it's kind of a 10% revenue stream if you wanna keep it real simple. If it was a bond, it would be trivial, right? If it was the bond at a PE ratio of 10,

you could bank on how much you're gonna get delivered to your bank account. And so if you wanna, you know, increase the valuations by a factor of three, then you got to plan on decreasing the expected returns by a factor of three. And so if the valuation is now, let's say Case-Shiller is normally around 12,

which is a better metric than just PE. The Case-Shiller PE is historical fair values around 10, 11, 12, somewhere in there. And it depends on if you include the last 30 years is the problem. So the valuations have gone up so much in the last 30 years that now what people think are historical averages are not historical averages.

That's what drives me completely. So what I do is to me, set valuations. I will take any metric and go back as far as I can in history and up to about 1995. Say that's historic. And then in 1995, actually the number I come up with is 1994 to be precise, the valuations took off. They all took off, every metric took off.

And you can see things like corporate debt take off and you can see all sorts of things that correlate with that. Michael Green says that's when passive investing sort of took off, but it sure as hell was a tailwind. Interesting, I haven't yet figured out why this could correlate, but it was 1994 when China unpegged the yuan to the dollar.

And I'm thinking, why would that cause the valuations to take off? But China grew at an extraordinary rate. So they basically exported deflationary pressures to us. But during that time period, valuations have gone up by a factor of, by a factor of at least, factor of three, 200%. People have trouble with that math.

And then the question is, what happens if over the next 40 years they compound negative 3% to get back to normal? By the way, in 1994, they were at the top of the valuation channel. That's why I picked 94. That's when they left the channel. So they were 50% overvalued in 94.

what do you think it's going to take to get to that reversion to the mean because it seems like everybody is committed to number go up like stocks need to go up real estate needs to go up like there is no willpower to try to correct things and get back to proper valuations well there's the very fact that they have to go up probably is what's setting us up for them to not go up right there's a famous oh silas marner quote that says oftentimes the site is something has not happened that's the reason it won't happen when it means it's imminent paraphrased and uh it's like the earthquake we haven't had a bad earthquake in california in 100 years why are you worried about earthquakes they go because we haven't had a serious earthquake

in a hundred fucking years, right? That's the reason I'm worried about earthquakes. And so when the valuations, when the market gets so hyper-financialized and hyper-priced, all it's gonna take is some guy sneezing while, you know, and the whole thing's gonna come down. It's not come down in a crash,

it's gonna start coming down. And at some point, they will no longer be able to V bounce it back up. the last 40 years of valuation climbing is a series of v bounces where it keeps recovering keeps recovering keeps recovering and you have corrected nothing like like they're talking about the crash earlier you know a couple months ago a month ago whatever i'm going 10 as a crash you'll see i saw articles you know three months ago that said you know uh so and so it's such and such a mega bank says that the markets could go down 10%

between now and the end of the year. And I go, they could go down between now and lunch, right? What kind of crazy prediction is that? You know what that means? Whoever said that is a 20 something sitting in a cubicle and he's never, he or she has never ever witnessed a bone crushing bear market, a soul ripping bear market. We are due for a soul ripping bear market

because all the guys who know what they look like, they ain't working anymore. They're done. Retired, shoveled all their savings into Bitcoin and gold. Yeah, yeah, yeah. Could be, could be, could be. I'm hoping. And so, so, so again, I did wake up grumpy when I read that article and, and, and I'm getting sold this 1.5% inflation rate. Quick break here, freaks. This rip is brought to you by Gradually Then Suddenly, a framework for understanding Bitcoin as money by Parker Lewis. I wrote the forward to the book. I'm honored to have done so because it's the best zero to one primer. If you're looking for a logical explanation of why Bitcoin obsoletes all other money, buy one for yourself

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The other thing that's really infuriating about, let's be generous and appease these people with the idea that inflation is actually 1.5%. The conversation around it is completely disingenuous because it's still 1.5% growing at a base. We didn't bring prices down at all they're trying to and by the way no one gave the fed the authorization to aim for a positive inflation rate nobody gave them that authorization they just took it no we've we've talked about this

before but it bears repeating like it is textbook double speak like we're going to create price stability by targeting uh two percent rate of inflation instability instability yes that's That's right, that's right. It's, I'm trying to think of an analogy. There are things where you can, by creating, if you go to draw a line underneath a sentence, if you actually put a little wiggle in the line, it's easier than if you try to draw the straight line,

because then you get the wobble that goes out of control. So sometimes, I don't know, that's a dumb metaphor. So the bottom line is that we've been lied to about our returns. We've gotten good returns recently, but at the cost of being sent up to sort of a Red Bull level swan dive moment in our future, we have pulled appreciation forward. Now we've pulled 40 years of appreciation forward easily. I think my prediction is 40 years from now, with normal economic growth, no serious catastrophes, we will, and it's the assumption we regress to fair value,

we will not move a dollar. It'll take us 40 years to get to fair value, assuming we don't have any catastrophes. The kind that really move markets, not just, catastrophes happen all the time. They're normally not relevant. And that's what worries me with this economic backdrop is that they'll try to incite a catastrophe, if you will.

Recent weeks, bringing back the Iran bombing Israel rhetoric, which has been around for decades now at this point, obviously. We've got things popping off in Russia still, Israel. um and then the rhetoric here in the u.s alone like leading up to this election it's well our foreign policy wonks seem to not respect the dangers of war they just i i think in the olden days during the cold war we had cold warriors who understood what war was about and now we've got people who think that every war is going to be one where we have a thousand casualties and they have five billion they think that's what war is going to be

every time no we're so far i mean what was the story on the cold war error like there was i forget it was on the u.s side or the russian side but you had somebody in a nuclear submarine with their hand over the button and they decided not to hit it yeah some guy was told to hit it and refuse i know the story i don't know the details yeah it seems like we're far cry away from that like there it seems like if somebody was told to hit the button today they'd do it pretty eagerly and the other thing is there's other ways to do it right so so you know we could have our grid taken down down to rubble i'm confident by um by china russia Israel and who knows how many other countries.

And I only mention Israel not because they'd bring us to rubble, but because the Israeli tech industry owns our grid. So they actually probably have a better grip on our grid than anybody. But fortunately, I do believe they want to be allies. But China, you know, I've got a friend who runs a prepper community used to be a bear market fund manager david tice he's been calling me recently and um he runs a proper community with the navy seals and the mres and the you know solar panels and you name it right the the real sort of get out of dodge prepper community and he's moving out of the country lovely right which means he doesn't trust his own prepper community to protect his ass

that's what that means yeah and if he can't trust if he's prepping can't trust it it's not a good sign where's he going he's not sure yet he he he called me from argentina said this is a show down here um he was i think he was going to asia to look at places like new zealand you know with bucktooth ardhern out of power maybe maybe maybe the crackhead bucktooth ardhern out of power oh i talked to a canadian intelligence guy the other day and he said that um christia freeland does have some serious drugs in her system wouldn't be surprised i mean well if you watch her if you watch her you know when i do podcasts i wiggle i can't help it you're sitting there still and it's like you're it almost looks like your screen is frozen and mine is not um i'm i'm not a crack

head for the record um but i play one on the internet um and and you watch freeland you watch arthur they actually look like junkies they look like hitler jonesing in the 1930s you know yeah and and i i think that and zielinski right yeah i think there's a i think there's a lot of drug addicts out there with their with their hands on serious weaponry yeah do you have any hope that the tides can turn like the have hope in this uh election season seems like culturally no not the election season no no i i wouldn't want to bet on trump at this point why not i would have well because i'm watching what they're doing with kamala i went i went down to our cafe in the building and there's a black chick there i occasionally talked to and i said okay you're

my window in the black community are they going to vote for kamal and she said no chance she said i can't do it i just can't do it and and i've talked i've talked to a lot of people on this topic and and so i believe that kamala can't legitimately get anywhere near the vote she would need to win but i'm watching the media build this superstructure of belief that looks completely fraudulent to me oh it is well but i think they're teeing us up for her winning and us supposedly believing it yeah i mean it's more actually reminiscent of the 2016 election compared to 2020 in terms of like the polling leading up the prediction markets they're really well you can run the prediction markets too by the way how many different kind

of bets can you make in a prediction market so so what is it that sets up a bet in the prediction market can you set up a new bat in the prediction market how do you set up a bet in the prediction market who sets it up i think you i think you can uh i'm not sure how polymarket does it i don't know if it's user generated bets or they're making the book well let's just put it this way it's like crypto i'm going to take you back to crypto right so we want to find in the prediction markets the equivalent of bitcoin or maybe ethereum and what we're seeing in the prediction markets are potentially one of the 29 000 shit coins which you make you create and then you run them. And all of a sudden, there's the prediction mark. This

is Oh, by the way, Kamala is winning. Because some guy dumped 1000 bucks into that prediction market. That's trivial to do. Yeah, I think I think the one most people are citing polymarket thing, the last I checked, there's like 70 mil in the contract for that, that particular prenotes. peanuts by the way if you know you're gonna rig the election then it's also a good bet right right so they're gonna make money but they needed to look like it was legit so we're seeing a Time Magazine's picture of did you see the

Time Magazine cover with Kamala yeah it's it's the most offensive of i've ever seen in politics i'll take i'll take uh i'll take uh maxine waters over her but she's now being sold as like this incredibly stately creature who doesn't cackle who doesn't speak like dr seuss wrote her speech for her who isn't the daughter of a an overt marxist professor like who herself is an overt marxist who doesn't have an overt marxist running mate and as turley said today i think some of the being dumped on walls is not correct and i i said that in a podcast the other day i said i you want to get the story straight because i don't think everything they're dumping on him is right but there is some he

did that was bad and so as it comes to leaders too like just um personality trait wise like you mentioned the cackling like tim waltz is just yelling at people the whole time yeah they don't seem like competent patient uh level-headed rulers um and and you know besides trump which he certainly set a different bar for what a leader can look like. And so I'm Trump adjacent where I can, I have gotten past his idiosyncratic personality and just listened to his message and he seems okay to me. But before that, you know, even Hillary, right? She could fake being a solid leader. Obama was fine. Clinton was fine. Bush I didn't trust, bush jr he wasn't fine to me i mean i voted for him once not twice because he killed a lot of

people and got us in a horrid war but but but his father was fine reagan was fine carter was fine not harris i don't think she has the personal fortitude to stand up to anybody no which do you think the democratic party wanted this situation or do you think this is just pure panic well the signs came out quickly didn't they they printed them fast yeah we're not even sure whether biden got told that his his campaign was being disassembled when it got disassembled so The Twitter feed disappeared. Various things got dismembered.

And it's not clear to me that anyone in the Biden administration signed off on any of that. And then they said, look, we've now torn your campaign down to the studs. Now you have to sign off. That's my guess is what happened. Well, he basically admitted that in his latest interview earlier this week, didn't he? I don't know. i listening to biden talk now doesn't make sense to me um i'd much rather read about how the secret service had nothing to do with trying to kill trump

have you seen a talking head question that narrative by the way but no one link none i fox news should be jumping on this a little bit maybe not the talkers during the day where it's really just blah blah blah fulling space but the big gun should be saying look we got to be we got to be interviewing some of these secret service agents and saying who who who who pulled you away from your position who who who did that right because if you had to bet your net worth on and was that a lone gunman or a or a complex hit you'd have to go with the hit you would have to i mean it's it's not even being discussed i mean chris martinson's analysis of the audio files like it's john cullen john cullen there's so many there's so many it seems obvious there was more

than one shooter and i don't think that incel 20 year old um acted alone if we know the only thing you can't explain is why they missed that's the hardest thing to explain i mean that's i mean you've got a lot of people calling it divine intervention and that's like russian kamala and failed assassination attempt it seems like we're in a chaotic vacuum power vacuum right now and right which many people have been talking about someone the press should be talking about this And all you hear is them talking about who should be fired. I go, let me see if I got this right. They murdered one guy.

They hurt other people. And they tried to assassinate a former and potentially future president. And you guys are debating who should be fired? What kind of crazy shit is that? And the answer is, this is just limited hangout crap. Yeah. And it's all been swept up. It's already been memory old.

Absolutely. There's not going to be a Warren Commission report on this one. And Chito got up there and started lying right away. My guess is Chito got told what to say. I think they said, look, you're going to go up there and you're going to tank the interview. And then we're going to fire you and there's money in the Caymans. Shut the fuck up.

Lois Lerner's doing okay too. Don't worry about it. But it's a banana republic. It really is. and it seems i mean what are your thoughts on the elite theory that people have been talking about isn't going back to that power vacuum that seems to have manifested over the last couple months you have elon peter teal the paypal mafia tech elite small tech elite if you will sort of throwing david sacks guys like that yeah yeah it seems like and it's being positioned as

um people have actually built stuff to productive class um who have built things and actually know how to get stuff done they're looking at the u.s the competency crisis the deep state controlling everything and saying all right this is our chance to course correct here but they are part of the deep state in my opinion yeah i think musk musk because he's you know asperger boy did you read his biography by the way i've not not yet it's actually pretty entertaining um it's probably a little you know oversold but they sure make him look like a whack job so um but but you know if If I had read this biography 20, 30 years ago, it might've changed the way I did chemistry, for example.

I mean, it might've changed the way I went about problem solving and stuff like that. Cause he has this don't take no for an answer approach, which is kind of jobs like, but he also had this incredible ability to clear problems out of his way that stop most people. And then, you know, he'd say, you know, he'd say, how much does this cost?

And they'd say, ah, it's 1.5 a minute. that's insane and you go down to walmart and buy a couple of refrigeration units and rip out the guts of it and put it in and say that'll do it you know that sort of thing so he stopped buying all his parts for spacex from the the military contractors because he said they're all profoundly overpriced made no sense so he figured out how to make a rocket on the cheap it's very impressive story actually and um he wanted a scooter when he was a kid and he asked his dad his dad said no and and he just stands there staring at him, just spooking the shit out of him, right? He's like, is this kid going to, like, stab me in my sleep or something?

What's going on here? And then the next day he'd do it again, and finally his dad said, fucking, here's your fucking scooter. And then he went to some hacker conference or something as a kid, and his dad didn't want it, so Elon went and raised the money independently of his dad. He goes to the conference, and he walks. His dad goes to pick him up at the end of the conference, And there he's standing there with a bunch of big swinging dick coat heads.

And he walks up and he's just banging away with these guys like there's no tomorrow. And one of the guys turns to his dad and said, you got to buy him a better computer. Right. And so he just doesn't take no for an answer, which now it's possible, therefore, that his apparent embracing of anti-deep state free speech. It may be a ruse, but it may be his Asperger. I mean, it may be, it's just him, him being uncontrollable. Yeah. That's the, I mean, I've had a lot of conversations about this on both sides of the argument. By the way, everyone talks about my fucking mugs. This is only 20 ounces.

You know why I have this mug? It looks like a pot. I've never tipped it over. Tipping over a 20 ounce coffee on your desktop causes trouble. I've never tipped it over. it's got a low low center of gravity yeah it's a structural integrity it's not the uh no no no it's just it's it's i can't it's a huge i got the first one i ever got it was just like this came from a convenience store it had you know some logo on it and shit and i go

i gotta get a couple more of those i went on went on uh amazon and found them they don't tip over i uh don't worry about me you just humor me yeah see that'll tip over that motherfucker girl tip over yeah right especially done it a few times yeah the kids made my mind doesn't mind up I I have the dog problem they'll run right across the coffee table and knock shit over wiped out a computer on me completely wiped out a computer yeah yeah that's like Elon and like I've had and I'm still trying to form like exactly what I think is going on because it is utterly confusing chaotic and oh there's a great metaphor there's a great metaphor for it and i heard it

oh it was it was from kamala's that that that parody um the parody um phone call to waltz where she says you know when you're when your gps device starts randomly rerouting you repeatedly and i'm going oh that's brilliant because when that happens and you're sitting there going And it keeps just changing the route and shit. And you're all confused. I go, they're rerouting our route now. It's like this random, you know, you think you understand something. And then within 24 hours, your mind is just fried again by something.

And you can never get on your feet. You can never get sort of a firm foundation on what's going on. No, I mean, the last few weeks, like after the assassination attempt, like there's no way this guy loses and then you see the the media and the rhetorical campaign behind kamala you see the polls or they go to shit and you talk to some people and they're like yeah i'll vote for kamala even though they never liked her before in their lives or understand anything even though she got the same number of electoral votes as i got yeah yeah exactly and then so it's like bearish and then you have like trump's back on twitter this week he does

space with elon last night and the emotions are shifting the other way and the hack job the hack job that took place right yeah i can't remember what you call it but yeah where they where they basically bury the servers with distributed denial of service attack yes yes yes yes yes and um and but you know it's not like elon's not going to have that fixed in about i don't know how long did it take to fix that i think less than an hour um yeah yeah i mean he he just there's no way he was gonna let that stop it yeah well that's the other way now you have like nations you have the or not even a nation state like an unelected governance body in the european union like sending a letter like don't do this interview because it could cause

strife over here yeah you look what's going on in the uk france other areas like it seems like people are pissed off the borg the deep state knows it and they've turned the propaganda up to 1 000. and that's like on some people it's obviously effective um particularly older people i think um but i think many people are beginning to see through it like this is complete and utter bullshit or or you're at the wrong layer of the onion and and we think we can see through it and we're being handed a there's these guys i was on a zoom call with a bunch of guys they that they hold it twice a week and they had this guy who's when he's the guy shows the guy shows a video of how you can influence the audience and he he he shows a bunch of shit

talked to him and he says he he says here you can draw this figure on this whiteboard and he says oh you could draw this or you could draw this he does some examples and then he says and then he says each you audience members you have a you have a sharpie and a whiteboard under your under your your your your chair this is a well-known tv show this is not some off off off broadway thing I recognize the host, et cetera, et cetera. And he says, no, I want you to draw something simple. I just drew a bunch of things that are simple. Draw something simple.

And he says, don't show anyone what you're drawing. And then he pulls, he draws something. He holds up this card. It's a star. It's just a star. And then he says to the audience, hold up your drawings. It's like 95% stars. and it turns out he fed them the subliminal thought to get them to to draw the star

and it was unbelievable and you go oh my lord and that's what the internet's doing to us it is feeding us and and you think you can defend against it you think you're smart and you you don't realize it's it's really subtle shit it's just slight changes in wording and stuff in in in in headlines you're you're getting headlines that are different than my headlines it's all being shaped yeah they're a b tested or you're fed a certain headline depending on your your social credit score and your your background score right on the internet right right right right right and and it's and you think you can see the scams but the scams are at a much different level when it's like who's running the scams right like who is that because that's that's what i think a

lot of people are questioning things like i am right now it's like who's running the scam and is this person or this group of people that are saying that they're going to come in and tell the uh tell the scammers to to scram or they scam and they're all doing it together it's like well ultimately it's got to go to the top of the food chain the top of the food chain has to be the money, right? It's got to be the money. Now, a lot of things that happen, like Pfizer vaccine stuff, they say, oh, it's for the money. I go, no, no, no, no, no, not necessarily at that level. I'm talking about, you know, the corporate, corporate power structure sort of money. But I don't think it's, you know, Pfizer trying to make another hundred million or something like that. I

don't think, I don't think it's that. It's the moneyed interests who are controlling the uh the population um for example i look at facebook where's facebook's revenue come from i don't think it comes from ads i i don't think it comes from the crap they say they come from what i will tell you is if the pentagon is missing 14 trillion dollars i bet you some of that went to facebook it's a social engineer yeah what do you think yeah what do you think happens you think they rig the election and kamala gets in yeah probably what does that mean for us are we going to be malcontents that need to flee the country

well because we won't be able to stand watching kamala be president so we will suffer hds harris you know what's that derangement syndrome yeah i'm getting old i'm starting to lose my ability to recall if if i'm demented in a couple years some would say uh dave that ship has sailed but but if i'm demented to the point by traditional metrics um i will have recognized it because it's it's just names don't come back to me things like that so it's it could be just loss of neuroplasticity which happens in old age you know why old guys drive down the road with their blinkers on just click recently they can't hear the blinker they're deaf no they can't hear the clicking so i have hearing aids which i never wear

But one day when I got them, the day I got them, it was surreal. I was in the DMV and I was hearing all these conversations. I go, I'm not supposed to be hearing all these conversations. And I could hear the keyboards clicking. And I went outside and I could hear the raindrops landing. And I think it was actually hyper-corrected in the sense that I think it, I have the sense that my hearing might have been above norm with these hearing aids. and um by the end of the day i was exhausted i mean really really wrung out exhausted because

my brain had been so bombarded with with what i was hearing and um i don't even know where i went with that except for the fact that um we were talking about harris arrangement syndrome is to set in for us yeah um she will be truly repulsive and which makes me more sympathetic to the people who hate trump because because if you hate trump if you hate his policies if you're not tolerant of what he's trying to achieve then he would be really repulsive to you right the fact that i can stand what he stands for makes me be able to ignore the trumpiness of him but if i hated what he stood for then i think he would drive me batshit and so we're going to suffer harris arrangement syndrome if you happen to not like her i she

she does talk like dr seuss i think she's got the iq of a walnut i mean i think she's really stupid but I think she's made that abundantly clear through all of her media engagements over the years. Go back to Trump's arrangement syndrome. That's the other thing. The media, which makes me think that maybe there is hope that if he were to get in office, things could change because the media is essentially rewiring people's brains

to believe he has particular stances and particular issues that simply aren't true. But they've been doing that since day one. you know, the Charlottesville, you know, Nazi story. And I sniffed out and wrote about before it became known that the whole Russia collusion steel dossier was bullshit. I figured that out independently. And I was piecing, I can't imagine how much effort

I put into only at the very end, just find out it was all fake. And I go, I knew it, but I did piece it together before Mueller report told us. Now, you can also read the Mueller report and you can find, it's like the Bible or something. You can find any you want in there. And so, and I remember when they used to testify

against Trump in the hearings. And in the morning, it would be people just landing punches on Trump. And in the afternoon, it would be those same people saying, I don't know anything. And I realized that what that did is it handed CNN their talking points, it handed Fox their talking points. So CNN got the morning and Fox got the afternoon.

And so we don't have a media. Our only hope now is Glenn Greenwald and Matt Taibbi and guys like that, Walter Kern and people, bloggers, guys with sub stacks. That's our hope. And the problem is the average person doesn't have that. The average person doesn't have time to have that. They need to be able to just turn on the tube and watch it for a few minutes

and figure out what happened that day. I had an interesting anecdote because I completely agree in trying to figure out how to normalize this activity. I have a good friend whose parents were completely like MSNBC brainwashed and he went back home like a year or two ago and like was sitting with them. They're watching MSNBC and he's like, do you guys actually believe this stuff?

They're like, yeah, it's the news. And he slowly but surely, he like took his mom's phone, downloaded Twitter and then like followed like five people for her and like just gave her the phone. He's like, if you're going to watch MSNBC, make sure you read the tweets from these people as well to get another position. Then he went back like six months later,

followed a few more people and like within two years, She was like, holy shit, MSNBC is brainwashing me. Right. Well, so my wife is starting to see it. So now she's asking me to buy a couple more guns and things like that. Yeah, I've been chasing this pedophile story. And one of the hallmarks of the Freemason pedophile story is black and white checkerboard flooring, it turns out. The pedophile – and I don't even know if it's real, but it's all over the internet.

and she now notices the black and white checkerboard floors in the movies and stuff and they're ugly floors so you go why why would they use such an ugly floor for that scene and and then one of the uh i think synchronized swimming teams had had an eye on their shoulder it was the all-knowing eye and i'm going holy moly that's a little weird the satanic theme of the closing ceremony was disturbing more disturbing than the opening in my opinion very much more very much so more disturbing like the gray i i fell down a twitter thread about it last night it was like overtly satanic worshiping like you cut off the head of nike and the um and they had guys who were tumbling for example as you know i used to be a gymnast and

the guys who were tumbling weren't even any good they looked like they had trained some football players to do some poor tumbling passes and they were awkward and and the whole thing and there was that satanic creature whatever that was supposed to represent now by far the worst ceremony was not neither of the two in this olympics the worst was the london opening ceremony in 2012. have you ever seen that uh it's a satanic theme is that the one with the uh they They had the hospital beds and stuff, too? Yeah, yeah, yeah. Predictive programming.

It's super, super creepy. Where the kids are in their pajamas and the bed's looking horrified and these demons are running around the infield, you know, tormenting the kids and there's this big demon in the middle and satanic symbolism around the perimeter. It is beyond creepy. And what I don't understand, like the guy who took the fall for the opening ceremony right the and and you know they said well you know he he had artistic

license isn't that now someone cleared that sucker it wasn't just some guy who did it they say oh i wonder what he's going to do today tonight right they cleared it and and um it seems to me those ceremonies should be really pretty universally acceptable right they really should be glorious very artistic you know if china did it it would be just phenomenal phenomenal choreography and stuff and it would just be so impressive that they could get you know a thousand chinese chicks who you'd pay 50 bucks to carry their groceries for them you know hot doing something in perfect synchrony right and and instead we're getting these bullshit themes and i i don't i don't know why but no one should sign off on those no speaking of the pedo rabbit hole you've been

falling down like you know did you end up you never released the second part did you no it was a third part but i'm i'm working on it um it turns out it's been simmering in the crock pot i did a podcast with nick bryant the other day which was interesting because he's the guy who busted open the franklin scandal story in a book now the franklin scandal story was bust up by someone else, but no one knew about it. He wrote the book and he's very detailed guy. And so I did a podcast where I essentially interviewed him. We did a three hour podcast for an hour and a half. We talked about finance and geopolitics and stuff. And he says, well, you have questions for me. Let's flip this now. And so the part two, it turns out I asked him

questions about this stuff. And he's a detailed guy to the point where if he doesn't know the answer. He doesn't want to speculate. And the problem is what they kept doing is funneling the discussion back to things like Franklin and stuff like that. And I knew about that because he'd written about it and I wanted to take them into places like Pizzagate and stuff like that. And he said, well, you know, the emails are very strange, but I can't find the smoking gun and I'm good at that. And I'm bothered. I can't find the smoking gun. And I'm going, well, those emails look like the smoking gun to me, but there's more smoking guns, right? For example, if you could get ahold of Anthony Weiner's laptop, Pizzagate would either blow up completely into a scandal of

unimaginable proportions, or that whole story would be devastatedly shown to be just a ruse. It would be one of the two. Sidney Powell, Trump's lawyer, said that if you could get at Wiener's laptop, a lot of people would go to prison. A lot of people. And she was talking about, I think, the perversions on Wiener's laptop. So I've been chasing it, but the problem is it's very hard

to distinguish fact from fiction too. I'm scheduled to have a chat with a guy who if you saw his videos online, you'd go, there's no chance I would listen to this guy. But I have, and he wears a latex mask. he muffles his voice over, so it sounds like this crazy guy like this. But he says shit and I go, he knows a lot.

And then the other day I noticed in his Twitter feed, he's now been talking about his role in various psyops and stuff and I go, so he started out saying I'm a victim. Now he's talking about his role in some sort of psyop world. You can be both by the way, right? So when they get these kids and they groom them, Some percentage of them end up being organ donors. Some percentage end up just crackheads in the sex trade and stuff like that

after they're done abusing them as kids. Some percentage end up getting sort of promoted into the, into the network as, as functional members of the network. And so that, that could be him. And he, he has agreed to talk. And he said, he said, well, we can have a chat without all the, without all the hollywood crap that i do in my videos i'm hoping to talk to this guy find out that he's completely rational and i've got his phone number and stuff we just haven't had the talk in a part because i don't want to blow it and have a shitty talk and then find out i should

ask some 20 other questions i hadn't thought of so i'm kind of holding back um but but i've been slowly you know i asked a dod intelligence officer one day i was on a zoom call with him and this guy was unquestionably legit at some level, right? You never know when you're being lied to. Like, I think it was last night I was on the phone with a Canadian intelligence guy, right? And I'm positive this guy's legit. But this DOD intelligence guy,

and I was fact checking him all through the Zoom call and he is everywhere. I mean, this guy is omnipresent out there and he'd talk about Rumsfeld, I'd Google him and Rumsfeld and there they'd be together. And I asked him about the trafficking and he starts talking about Epstein. I said, no, Epstein may be a big part of the problem,

but I'm interested in the weirder, darker stuff, the things that is not being talked about in polite company. I said, let me ask you a simple question. Is the Clinton Foundation trafficking children? And he said, absolutely. Now I gave a talk to this Dr. Zoom group, sort of going over what I had learned in this very unprofessional,

very sort of stream of consciousness kind of presentation. And after two hours, a CIA guy showed up and I was told he was coming. I go, wait a minute, he's coming? And the guy runs and says, yeah, I've known him for 25 years. I call him, asked him if he could get over here. So he shows up, he's an old guy now, he shows up. He hadn't been listening to my podcast.

They said, tell us about trafficking. And he did this like 10, 15 minutes synopsis. It's like, it was like an answer key for me. I nailed it. It was almost as though he had listened to my whole podcast. And then they started asking us questions and they'd say, Dave, what do you think of this? And I'd answer and then they'd go to him and he'd go,

that's pretty much right. And now he said, the problem is that you won't root it out of the system very easily. Cause he said for some reason, 18 to 20%, which is a pretty precise range, of the CIAs involved in trafficking. That's a big number. Yeah. It's a big number.

In fact, they feel comfortable being an ex-CIA agent. So the thing about ex-CIA, I'm not positive if he either worked with the CIA or was in the CIA. And I couldn't, he's actually an author out there. He's got a book out there. And if I read his book, I'd probably, but his book has some age on it. So I wasn't sure I cared.

But, and I wasn't convinced his information he had now was fresh. I got to assume maybe he'd been retired for too long or something. There was something about him that told me that he'd been sort of on mothballs quite a while. um but you got guys like carlo vagano in the vatican number three in the vatican calling out the world leaders for trafficking and stuff like that so the the world's a fucked up place

that's a pretty safe statement vagano i think it was vagano but it might have been the under secretary of the un of the united nations one of them said that uh pedophilia is the currency of geopolitics. That's exactly what my angle has been. There's this idea. I don't care that there's pervs out there. I care, but it doesn't get me anywhere. So when someone sends me some article or something where there's a guy who's a perv, it doesn't mean anything to me. It is the networking of the pervs and their influence outside this network or in this network. So the Epstein story is obviously a network um but there's others that's the problem there's others and and um so so it's it's the influence of that crap on decisions being made by important people

that don't make sense like why would biden open the borders right what's that all about makes no sense and you say i also get voters it makes no sense just make them up invent them dead guys you don't need that why would you let foreign agents by the thousands which there's no question they came in there's no question i don't need to i don't need to have stats here's the stats if we're letting four million people come across the border randomly enemies of the united states are going to be shoving their guys across that border and if they're not they're so stupid we don't have to worry about them but they're not that stupid so you can bet that there is a ton of undocumented chinese these are not we've got tons of you know chinese-born

people in the country these are guys who are not on a radar we've got guys from all the major hotspots in the world who came across that border and these are sleeper cells and at some point right now what i think we're seeing is stories about you know some illegal immigrant raping a bunch of girls i think that is those those are the guys who are sort of around the fringe causing trouble because they're problems right these are not good people but um but if i were importing exporting people to the united states on purpose right if i were china if i were iran if i were you name it um i'd tell these guys behave yourself because the border's still open we're still getting people across and and it this shit might start hitting the fan if we

actually close the borders because then they'll say okay now it's time to strike yeah i mean it seems pretty obvious that there's something very off with the the border situation and i mean there's been it makes no sense that someone would open them up i i don't care how much they pay him it just makes no sense it's it's it's so it's so treasonous so do you think the current administration has been corrupted by this network that you've been i think they all they all have been corrupted now i don't think everyone's a pedophile but i think there's enough let's say let's say a hundred congressmen i'm gonna guess it's mostly congressmen i think the women tend not to be

pedophiles um not necessarily true but but probably um let's say a hundred are compromised those hundred are going to be leaning on their friends to achieve what they've been told to achieve yeah no i mean it seems like it's pervasive too because we've i mean obviously i'm sure you're aware of the sean p diddy combs debacle that went away pretty fast didn't it went away fast but pattern recognition videotapes throughout the house blackmail yeah drugging influential people at parties um so one of the things you find when you start digging into this is that hollywood is corrupted from head to toe but it's not just casting couch crap this is not just pervs who want to bang some 17 year old

this this this is seriously corrupted and and you end up you end up finding out that nickelodeon that all those kids were getting abused on nickelodeon you end up finding out that you know there's pedophiles who work for for nickelodeon who then get hired by disney disney has got darkness in its closets the corporation has darkness in its closets and and it actually started you know i remember thinking about the fact that walt disney was able to buy up all this fucking land in florida and once you're trying to buy up land people know it you're not going to be able to buy it right i mean you really got to do it on the side and and you find out that walt had shell companies that were they were funded and run by the cia to

to help them buy up the land and who knows how many people got whacked and i knew there had to have been some serious dealings for Walt to get Disney World set up. But Walt turns out to be a Freemason and I never know what to do with the Freemasons. But Walt supposedly was a complete perv himself. And so maybe that, you know, Disney from the get-go was founded upon compromise people.

And I do believe that, you know, there there are whole divisions, I think, within the CIA who are funded to help Hollywood make movies that they want to have made. Now, the image is OK, Top Gun and, you know, things like that, but but I think it's way darker than that. And by the way, you can see China's influence in movies, too. China has the same sort of thing in U.S. based movies. And so you will see movies where China is treated very favorably, and there's no question that China influenced that plot. But I also think that Hollywood's one of their charges is to fictionalize reality, I call it, take all the things that we think might be true, and there will be a movie about that topic. Eyes Wide Shut, you know, Bourne Identity, you can go through a whole list of them. And I think it's so that we anchor our thinking on fiction.

So that you find out MK, you think MKUltra, you go, oh, yeah, that's just Matt Damon born identity, it's like, no, no, no. It's Jolly West working out of Harvard doing weird shit with the students and turning their brains into jello. It's not just born identity, right? Yeah, it's. It's like a combination of predictive programming, like limited hangout, and if you believe in like the Satanists, like Luciferian tilt to it, like they have to be overt with their

messaging and sort of rub it in your face. Well, so one of the things, again, this Dr. Zoom group, we had a guy who's kind of an expert on messaging, and he said, look, you can't just go through the front door. can't take some virgin pair of ears and brain and start talking about Baphomet and Moloch and these guys. It'll just shut them down immediately. And so you kind of have to wade them into the shallow end of the pool. And what looks very unproductive to me is to go go back deep into the Freemasons, go back into Satanism, go back, but you can focus a little bit on Satanism in the present where it is visible in the present. So Marina Abramovic,

you know, there's a great example where, you know, here's this overt Satanist who has dinner parties feeding people cadavers being written up in the Atlantic Monthly, right? And you're sitting going, oh, you know, and you see these pictures of her at her dinner parties. There's literally these cadaver meals. And you can't help but wonder, okay, it's said to be food to make look like cadavers. First of all, who would eat that shit, right? Who in their right mind would go to dinner party who would be caught dead in there the answer is hollywood and some people in dc as the emails oh yeah absolutely absolutely so then you're thinking okay so she's an overt satanist she's got the goat skin goat's head pictures i mean she's there's pictures of her

with the clintons right you know there's just there's just and you go okay i'm too deep on this this is crazy and then you find out above the fold abc news that zolenski appoints are in charge of all the schools in ukraine you know he just put a satanist in charge of all the schools someone explain that to me yeah and you find out that you know the woman who was twice jailed in haiti for child trafficking who twice got bailed out by the clinton foundation now works for amber alert you want to find pedos you just look at any major organization organization that's in charge of supposedly combating it, that's where you'll find the pedos. None of those organizations are legit, probably. That's my hunch. There's certainly,

if you look at their board of directors and stuff, you go, oh boy, that doesn't look right. Some Hollywood elites, you know, I track some of things that they've put on Twitter off to Russian trafficking sites and stuff you you can make those connections yeah and um and and then the question is is this ruling the world is this running the world vagano you know arch archbishop vagano says yes and now they've excommunicated them supposedly they did like last month i believe i know talking about sir got a little a little awkward there you had that that scandal with instagram where they were overtly enabling people to to use coded messages to facilitate trafficking um who knows if that wayfarer thing from a few years ago that was so odd and and by the way the

ceo of wayfair was in charge of various child organizations he was he was prominent in the you know orphans for whatever you know he so it it it fit the pattern it fit the pattern yeah buy this fifty thousand dollar bureau what with a with a kid's name on it yeah but then again are we getting are we getting are we getting faked out is this the this the superficial i'll let them argue about this for a while right while they're arguing about who should be fired for Trump's attempted assassination, they can argue about Wayfair. Maybe that's just not the story at all. But if you read the Franklin scandal, that's a case where I think they lost control. And in the Franklin scandal, the story is not about just the trafficking network. That

really is not the interesting part of the story. The interesting part is what the authorities did when they had to try to wrap it up. So the FBI comes in and crushes them. And when the FBI crushes the people trying to uncover a child trafficking scandal, you know there's filth right to the very core of the system. So I had dinner once with a former head of the CIA. He was the biggest douchebag I've ever met, I think.

John Deutsch yeah he gave a talk what was the topic I can't remember but he's a former MIT chemist which by the way MIT seems to be a little bit of a hub of deep state along with Harvard so Boston appears to have a strong strong sort of deep state tie so the MIT techies seem to have connections that you would not be proud of being part of if everyone knew so Epstein focused a ton of his energy on MIT and Harvard and you got the the Stanford internet observatory which I think they said they just closed down but it was notoriously known for being you know censorship central right and by the way I'm reading a good book by Jonathan Turley about the battle for free speech goes all the way back to the founding of

the republic. And our image is that free speech has been sort of a core principle the whole way, and that's just not true. Not even close. The founding fathers couldn't agree on it. Adams was a douchebag. Jefferson actually seemed to be pro-free speech until he was in power, and then all of a sudden he started stepping on people with anti-sedition laws. Madison appeared to be the only real purist. Andrew Jackson was a complete cocksucker. I mean, he was a serious bad guy. Lincoln stretched the definition of free speech. And then you get to World War I, and all of a sudden, Woodrow Wilson, these guys really went batshit on people who didn't support the war. They used to have, in a number of times in history, debates about whether you could defend

yourself against a sedition law, anti-sedition law, by showing what you said was factual. And there was a debate about whether that was a legitimate defense. And so Turley, I'm not done with the books, but I know where he's heading. You can feel it being teed up for January 6th and things like that. You can feel him saying, OK, here is the historical backdrop. And I'm going, OK, I can smell the finish of this book coming. And the good news is that you will, I think I'll be able to draw the conclusion that we've been here before. This is not new.

And we somehow survived. The bad news is, if you listen to Turley a little bit on his book tour, the book's only about three weeks out, I think. He conveys it. He's not sure we're going to pull out of this one. He's nervous. And he's brilliant. he is abs he should he should be on the supreme court he is he is one of those guys who you go that guy's that guy's qualified to be on the court yeah no i'm not sure if this was a clip

taken out of context but you had tim waltz that clip i think he was on msnbc a couple years ago but it resurfaced last week saying uh i don't know free speech um like absolute Well, he's a douchebag, so I've had some of the problems with the stolen valor arguments. I still think some of that's not legit because he was in the National Guard for 20 some odd years, and apparently people in his unit are now coming out saying he's a douchebag, but that's politics to and um but but he was in the national guard for 24 years something like that and he left him and ran for congress i'm going that's a pretty good cover story and then if you're as much of a douchebag as waltz you could easily imagine that in 2005 you might be going you know i'm going to

be sent to iraq and i don't believe this war is valid yeah i would like and and one can in retrospect say anybody could have made that argument because that war was not valid but you can imagine a liberal putty head like waltz would would actually have particular problems so if he said look i've been thinking about running for congress i'm getting the out of here that's not stolen about now he has accepted credit and made statements about you know being in bagram air force base when he wasn't like that so he's done a share of lying but well a politician who lies there's a shocker so yeah i mean that's been the frustrating thing about i mean it's typical in election season presidential election season specifically it's

all counter character assassination attacks where it's like can we talk about policy or at least pretend to well that's what i want to hear i want to hear dr seuss start talking about policy and now some of her old clips are coming out i'm just worried they're going to make a good enough case that kamala or camel toe or whatever her name is um is strong enough that when they rig the election we're going to have to accept it because it'll they will have built it they will build a cover story that's good enough because i i personally think that she wouldn't get more than 20 million votes no but i mean we've already seen that happen before right right and um and so i i by the way you see that the the ceo smartmatic just got arrested i did see that for and it was

for foreign intervention intervention foreign elections if i go but that's the same voting system from 2020 so so then by the way what people don't understand is is that dominion is owned by a company in beijing dominion voting is owned by beijing and so you know yeah it's a series of shell companies that goes through ubs and ends up in beijing yeah that's not good news is it No. The Spartanmatic headline was they were essentially accepted money directly from like an incumbent party and rigged the election. But they rigged an election. Yeah. And by the way, that's the same guys who say they didn't rig an election in 2020.

Well, you know, I'm sorry, but that seems to be a problem. Maybe the Republicans are playing hardball and they got them arrested for that, knowing that they're going to have to make that case. I just will be surprised if Trump can get the election now. At first, I thought there's no chance Kamala can catch him. And the DNC looked like it was in such a state of disrepair. But the speed with which they're now creating this buzz, using AI to make your crowds look real and things like that. i'm just worried that that they're gonna do it and i'm just well yeah i mean lesser evil just have to stop watching watching politics i'm just gonna have

to stop watching and that'll that'll be my sanity retainer it's probably good uh it's probably a decision anyway regardless of what happens but uh i'm guilty of it just as much as you are so so the question is the question i i guess my optimism on trump was is that he would get in there the first term that he was there he was too busy trying to get reelected and so he was and he was fighting them the whole way the second term he's going you i'm not getting reelected anyway so i'm gonna do what what I want to do. And I think that if he wasn't already committed to trying to achieve something that would make him great, I think almost getting assassinated might have given him a kind of a

resolve that might be on a whole nother plane. And so I could imagine him wanting to say, okay, the gloves have now come off. Now, I have two opinions that are in terrible conflict of what trump should do when he gets in there one says look just push by all this bullshit and try to get something done the other says go round up the bad guys and hang them and i don't think that latter view is the best move but it's the one i'd love to see yeah and i don't i don't think he would do that but hopefully i don't think he would either in fact he almost acts like he doesn't give a fuck they tried to shoot him right it is it's surreal hilarious characters yeah they tried to kill me they missed it was terror i was down there i ducked the bullets they were flying over

my head i popped up told everybody to fight did you think it was fake when it first happened did you think it was fake no i thought it was fake when it first happened i thought it was a pellet gun um because i was on twitter as it was happening and now we're hearing all sorts of sketchy shit about crooks like he had been to the shooting range 48 times it happens to be the shooting range with where nsa agents and various fbi guys train and i'm going you know if i went to a shooting range the odds of picking that one it's not very good no and you had like especially in pennsylvania in pennsylvania if this was in virginia i'd say okay maybe and i think you had the heritage foundation find some phone metadata it was corresponding with somebody whose gps was

pinging right next to an fbi office that's right that's right what they did is actually looked at where his phone was getting pinged by ads and they said okay let's look at all the devices where there are ads going into his home and all the the device where the ads are getting pinged into his workplace which of those devices are in both places which pretty much narrows it down to him and that's those devices are also getting pinged by you know right at the FBI headquarters and show like that so but none of this will matter it will not matter no I hate that we have to end this cuz I can keep going for another hour but I have to hop on a call let's catch up right after the election

hopefully pleasantly surprised hopefully that'd be good yeah I mean if it's always a pleasure. Always fun. Tell me when you post it. Okay. I'll probably Friday, maybe tomorrow. I'll let you know. Okay. See you then. All right. Thank you, sir.