TFTC: A Bitcoin Podcast - #661: We Will Not Live Like This with Tom Luongo

Episode Date: September 15, 2025

Marty sits down with Tom Luongo to discuss America's potential turning point following recent political violence, the strategy behind Trump's methodical approach to draining the swamp, and why the 30-year mortgage market could be the key to rebuilding middle-class wealth. Tom on Twitter: https://x.com/TFL1728 Tom’s Website: https://tomluongo.me/ STACK SATS hat: https://tftcmerch.io/ Our newsletter: https://www.tftc.io/bitcoin-brief/ TFTC Elite (Ad-free & Discord): https://www.tftc.io/#/portal/signup/ Discord: https://discord.gg/VJ2dABShBz Opportunity Cost Extension: https://www.opportunitycost.app/ Shoutout to our sponsors: Bitkey https://bit.ly/TFTCBitkey20 Unchained https://unchained.com/tftc/ Obscura https://obscura.net/ SLNT https://slnt.com/tftc 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/ Newsletter tftc.io/bitcoin-brief/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Nostr https://primal.net/tftc Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://www.tftc.io/tag/podcasts/

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 And that's part of the bull case for Bitcoin. If you're not paying attention, you probably should be. What a week. I think it was exactly 14 months ago.

We met a few days after the attempted assassination of Donald Trump in Butler, Pennsylvania. And unfortunately, we're meeting today in the aftermath of Charlie Kirk being assassinated. and uh it seems like i mean we talked about it in the context of trump and butler and it seemed like there was a big change there this seems orders of magnitude bigger in terms of vibe shift yeah i think so because you know they just you know the guy missed originally you know had trump and killed him in a completely different story right and um but what's going on with with charlie kirk uh in the in the aftermath of it and i'll be and i'll come to this i didn't i didn't really i mean i i didn't i didn't interact i didn't interact with with charlie kirk and that that's

that segment of you know um american politics for a long long time i really didn't i just kind of like i always looked at kirk as kind of like oh you know he's he's kind of baseline and because we're so out me and the people that i i circulate in that that that part of the world that i circulate in is so far out you know on the tip of the spear trying to figure out where we are and i always looked at kirk as kind of you know kind of baseline that i just didn't pay him very much attention and now so i've been flabbergasted by the response here about and i really you know i seriously like i i underestimated uh his reach his uh the the uh the impact that he's had and i've had to do some um some recalculation as to where we are uh in a good way like uh and you

know i'll cop to that like i i missed this you know completely and watching this occur has been um it's been edifying honestly watching people finally say enough is enough and this is uncool and um this is beyond uncle this is unacceptable and uh you know especially me in light of you know the timing of it it's like charlotte the the charlotte government clearly tried to suppress the video of arena perutzka getting you know stabbed to death on the subway or on the on public transit and to have that come out and then the next day have charlie kirk get shot and they finally get their their blood sport on national tv effect for all on debts and purposes like they tried so desperately to get with trump um they've gotten

the wrong they did not get the response that they were hoping for marty i don't know but you know i think they were hoping for you know people to be angry and start burning down cities and you know start you know you know blopping purple hairs in the in the head in the middle of the street and all the and it's not happening you know what's happening is that civilization is saying okay that's enough you fucking people that's enough so no i'm really happy you framed it that way because i think deservedly so a lot of the focus has been on the radical left-wing reaction and the reveling in the assassination of charlie kirk but i i haven't heard enough people highlight what you just did is that i think the silver lining positive reaction of people throwing

ends up saying enough is enough people who aren't on social media who don't follow politics basically waking up and saying no this is not acceptable i think that's unfortunately the fact that i had to get here is incredibly sad it is disheartening but i i have been um positively surprised about that part of the reaction the positive reaction to um this event yeah i mean i it's really it's been almost surreal right because we were you know i've been saying for a long time i'm like you know every time i have i've said this i think i might have even said it to you last i can't remember you know like talking so many different places but you know every time i have somebody come out here to do some work on my place or you know you know i hire a guy or talk to a neighbor

or talk to you know and they'll just kind of look at me after a while especially after once they find out what i do and what i know and they just go okay so i i shut you shut up now just tell me when i get to start shooting them right and that's been the attitude down here in my area of the world for a couple of years now and and i've always said you know not yet that's not we don't need to go there yet it you know and then we get to the point where they start shooting quote unquote us and i don't want to put it in you know the danger now is to like start bifurcating into us versus them right we don't we we both want to be in you know this we we don't we want to um um separate but not objectify right we want to we want to define ourselves by both what we are and what

we are not because they only define themselves as what they are not they're anti-fascist they're anti no kings blah blah blah you have to redefine yourself as and always in a positive manner it can you can never just be against something else when you are against xx you that does not mean you are then by definition not x it just means that you're against x you don't have an ethos you have an antithesis right and and so what i'm watching a lot of people do now and is define their ethos and that was not the plan that was not the intended effect here right the intended effect was to get people into an anti-state and say, well, we're not these dirty leftists. No, we're saying we're not going to live like this.

You know, I think Kirk at some point in recent past said, we don't have to live like this. I think in response, I think he tweeted out, you know, in response to Irina being stabbed. And he said, we don't have to live like this. I said, no, that's true, but it's more importantly, it's like, we will not live like this, okay? That's not going to happen. But no, there's no buts here. If you make that statement without equivocation, with the right punctuation, a period, paragraph, end of story, and not commas or ellipsis or anything else, When you say it that way, that means that you're now going to look at this and say, how are we going to fix this?

How are we going to change this? This is not going to happen. No matter what you do, you cannot take this away from us. It's like that, you know, for a long time, I think people took the wrong message away from the scene in V for Vendetta where she's recounting the tale of the gay woman, right? well, she's in jail and she's reading Valerie's journal on, oh God, I'm reading it on toilet paper, I'm writing it down on toilet paper. And it's like, it's that last inch, that very last inch of us. They can't take that from us. They can't take that inch. They don't have us. Yes, that does not mean you then become angry and violent and become not them. You become something

greater than that. And that's what I've been arguing for a long time when I kept saying, like we can't become the Fremen, we can't, we can't, we can't go that route. Because if we do, we're going to become these demonically possessed, pathetic people, right? That would think that it's acceptable to shoot a guy who just wanted to debate, you know, political reality. And, you know, whether he did so at times disingenuously or not, or whether he was, you know, you know, Like, don't get into details about it. Charlie Kirk's idea, you know, method and his ethos was, look, let's have a conversation. Right?

Let's work these ideas out. And was he better at it than the people that he was, you know, that he was interacting with on a regular basis? Yes. Was it times? Was it easy? You know, was he on easy mode? Sure. But that's okay.

The point was not to, like Ben Shapiro, belittle these people that he was arguing, but to say, no, your arguments aren't any good. make better arguments right and this is a conversation that my my that dexter white and i have all the time because this that's his you know that's his headspace and he's he's actually the one that has to like reel me in every once in a while because i get well you know i get lost in my endocrine system because i'm freaking italian right and so we have this we have this war going back and forth between us on a regular basis internally behind the scenes within within what we do and that conversation that we he and i have been having for 40 years practically um is what has shaped the way we look at and can you know not i wouldn't say predict but you know

project what's going to happen in the political zeitgeist and what needs to happen next and why we can then and that's why we said you know we strategize the messaging you know we do this we we say we sit back and go look at where are we where do we what do we need to communicate to the world over the next three to six months right what's important now and so um right now it's that's enough it's you know paint murals of irena and charlie kirk and jfk on buildings all over america walk by them on your way to work pat them gently and say yeah we hear you that's it no more So yeah. Optimistic that this is the overwhelming, like it seems clear to me that this is the overwhelming reaction is we will not live like this anymore.

And I mean, to your point about the political zeitgeist and what happens in the next three to six months and how we ensure that we will not live like this. It seems like they're I mean, I had a phone call with somebody yesterday was headed to the private vigil for Charlie. Apparently, there was a phone call the night before and people are getting dead serious about RICO cases against people funding these radical groups, which I think to me, I know Scott Adams talked about a Cernovich has been talking about a bunch of others. But it seems like you have to go strike it at the road. yeah no i mean i and trump coming out yesterday when he was on boxing friends to say look i'm i'm opening up rico rico investigation or we're gonna open up a rico best this is the second time he said it so it's clearly happening behind the scenes because he wouldn't say it in public if he wasn't doing something behind the scenes right and is it sad that it had to take

you know a guy like charlie kirk um getting shot in the neck to get us to this point i i don't think so i think we're this was we were going to wind up there anyway because it was a matter of this is something i was arguing last night with um lieutenant colonel steve murray on mike ferris's show we were both in high dutch and screaming into the freaking microphone about a whole lot of things but not nearly as as as you know rational as this one this is part of the reason why i want do this early in the morning or at least in mid-morning because i get into the late afternoon and i become you know four hours just screaming into the mic i'm like i'm i there's no filter left i've got i'm raw right um but um one of the things we said during all of this was that

i kept impressing him on steve and he eventually agreed with it which is that you know political time works faster than legal time and there's a lot of little order of operations things that the trump administration had to go through in order to set the table to counter the programming because the programming is deep trump is hitler like if we didn't think that the the the programming was deep charlie kirk would still be alive right so the programming is deep the powder keg was already you know the fuse was already there and the match was coming down so that if trump moved in a particular way immigration whatever right too quick too far too fast they could set it off right so in some ways you kind of had to go through the motions even though they were motions

even though everybody knew at the end of the day the trump was going to say i can deport all these illegals and they go and then some judge comes in and says no you can't i'm like well yeah i can But you just think that because the executive hasn't enforced his or put forth his Article II powers, that he doesn't have them anymore. Well, sorry, here to inform you, that's not the case. And we're not going to redefine. We're just going to reiterate, have the Supreme Court do this, reiterate all of his Article II powers. In the process, the Supreme Court is also getting to reiterate its Article III powers over the lower courts. because the lower courts are are are acts of congress you know and when you put the whole

you know act of congress created the courts congress legislates the executive delegates and and and manages and the courts you know rule on the constitutionality of all of it well got news for you that's the separation of powers so there is no legal justification for a circuit court judge you know a traffic court judge to tell donald trump how to prosecute foreign policy sorry doesn't work that way and your job can be wiped out with the stroke of a pen and 51 now 51 percent of you know 51 votes in the senate and 50 and you know and 218 votes in the house because they rescinded the 60 rule yesterday so on a lot of this stuff not that i yeah i would imagine that that fell under the 60 60 percent rule so but i may be wrong about that i'm an illegal scholar

the point being is that i understand the separation of powers just well enough to know that this is part of what had to happen in order for trump for them for them to say that for the cries of trump's the dictator the trump the trump's the king the trump's of this falls on deaf ears right so that when he decided okay i've got all the evidence now on how to get rid of brennan the ultimate goal is clearly obama right they're getting ready to roll obama because obama's guilty of treason as is all the people that he you know conspired with to commit treason and all of those people are either going to turn on obama or go down with the ship or try and fall on their sword, but it doesn't matter. In the court of public opinion is really what matters

here, because that's the thing that has to be managed. That's why he's moving at the speed that he is. And that's why everybody who's out there, every Graper motherfucker out there screaming that he's not going fast enough, or every stupid fucking libertarian out there goes saying he's not going fast enough. You're missing the freaking point. You're literally playing into the hands of the guys who are extending and pretending in order to try and make Donald Trump will complicit in and just if nothing's ever going to change, you have to at some point have a little bit of a goddamn faith and say, I still have enough agency in the political process to say, I want this, but I understand that it's not happening at the speed that I want, but I want

it. You have my support. Go and do what needs to be done. Shift those poll numbers, shift those those potential betrayal votes in Congress, because, look, you've got a Congress in there that would impeach him tomorrow over whatever he said yesterday on Fox and Friends or for being Donald Trump and get rid of him tomorrow because there's so much that they're trying to protect of their own corruption that you have to set the political table in such a way that he's impeachment proof and you have to teach the normies that he doesn't have a real majority in the House and senate because most people don't understand this marty and this is just reality and they shouldn't right i mean and you know none of us should have ever thought no average person should have ever

thought in a million years that we would have targeted political assassinations of low-level political operatives like charlie kirk like really that's the world you think we we should live in and those people are all waking up this morning you know that's enough no and what that's What this has done, as you pointed out, and sadly, is that them assassinating Charlie Kirk like this has now accelerated the process of everybody realizing the world, the actual landscape that we're operating here, what the state of the game really is, as opposed to what they thought it was. And that should work to Trump's advantage to accelerate everything and not get the political

blowback because at this point after irena and charlie kirk if he wants to start rolling up all of obama's cabinet over you know russiagate 2020 election hell even the 2022 um midterms i know there's and then the 2024 election i know there's a ton of of perfidy going on there right because the numbers don't make any sense the statistics don't make any sense he wins the he you know so all of that is investigatable and all was probably done using this exact same methods as previous times because when shit works they keep doing the same thing over and over again until they get caught so you know when i think through all of that he's got a clear path now and the supreme court in you know in the recent weeks has given him all of the um predictable but necessary wins

to reiterate what he's allowed and what he's not allowed to do and the democrats and the soros ites or whatever you want to call these people davos are continuing to operate their gantt chart and say well no we got to start a race riot and in chicago we got to do this we have to we have to shoot an ice officer are you going to shoot an ice officer in chicago you just handed donald trump the keys of the candy store to come in and turn and and declare martial law over chicago and clean the place up like he has that right under article two and i and and there ain't no way that this current zeitgeist in america after what just happened is going to sit there and turn around and go he's a tyrant he's a tyrant i'm like i've been saying for months that like they're running the

lincoln script on him right in order to radicalize the bi the bi-coastal lefties to to to try and you know justify a secession movement no different than what they did with the south in in in the 1850s and 1860 and then culminating in 1860 that was the strategy they did the british pulled this off and lincoln won the war when he shouldn't have thanks to the russians and among other things right and so that's the history but you can see the the replay this is how this is always replaying itself and we're now in that third we're now in the third attempt to destroy the american Constitution, and Donald Trump is right in the middle of it. And he's got people around him clearly understand how to counter this. And I'm sure that he's getting like, I'm sure he's getting

some help on the down low from the Russians, because the Russians have, or I guess Putin has had to deal with the same damn thing, getting control of Russia over the last 25 years. And so I watch Trump and how he operates here in the United States. It's got an American flair to it, because it's a different legal system than they have in Russia. It's a different political reality than they have in Russia. But the two men's actions rhyme a lot how they're dealing with their opposition. So I don't know. It's a long-winded rant, but I think it's a really important nugget

of why this is taken to this point. um and now if we're gonna pay and if we're gonna pay forward you know all the work that charlie kirk did while he was alive you know there you go as the brits would say bob's your uncle let's do the thing so freaks this rip of tftc was brought to you by our good friends at bitkey bitkey makes bitcoin easy to use and hard to lose it is a hardware wallet that natively embeds into a two or three multi-sig you have one key on the hardware wallet one key on your mobile device and Block stores a key in the cloud for you. This is an incredible hardware device

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Go check it out. Yeah, it certainly feels accelerated. Like one other detail of the order of operations getting this stuff in order. It seems like individual states have been doing a lot of redistricting in recent months, preparing for midterms. And that was shocking. I mean, who knows if this like if this was just a lone wolf discord group that did this or there was some sort of command from up top somewhere in the radical left hierarchy. But critical misstep, because I think heading into midterms, everybody's focused on the economy solely in terms of that being the the final determination of whether he would get a full majority in the House and the Senate. And now you have this event where the economy is second fiddle.

know no i i agree with you just to just to put a fine point on what you just said about you know about the shooter himself it doesn't actually matter whether he was a lone wolf or he was being groomed in these discord chats okay doesn't really matter at the end of the day um because we don't have to have a overall plan of hey we're going to kill charlie kirk on this date here and plan it out like this this is this that works out really well because we all have a movie script mentality but i i get i have to be reminded of this by dexter white all the time because i like to do that and he's like no sometimes you just set the game board up you just set the zeitgeist and then allow the thing to percolate to the surface let the event happen and then capitalize

ex post facto but you're ready to go with the pre-prepared narrative right um like so i can you know i'm not saying that's operative here what i'm saying is keep both of those you know mechanisms in your head because sometimes it's going to always it's going to turn out that you know they had a plan they did the thing you gotta gotta but and and other times it's going to look like that but it actually wasn't right um you know so and and because if you keep those two frameworks in your head it'll keep you from like becoming radicalized and how you react to new stimulus because then you become predictable and they can and they can predict how you're going to react and then set the next set of events in motion to lead you to their desired conclusion

and the the they in this scenario is the british okay and that's why i get angry about because So clearly what they were doing for the first 48 hours until this kid was caught was to try and blame this on Israel. And they're still trying to blame it on Israel. And I'm like, Israel is not a part of this. Like, they're manufacturing slop on 4chan and Twitter and everywhere to try and push this into a particular direction. Why? Because the goal here is to break Donald Trump from his base. Okay?

That's part of, that's what this operation is about. Okay? and we have to remind ourselves that sometimes shit just happens and then they capitalize on it afterwards and or sometimes they plan stuff stuff out but they always have a plan on how they're going to capitalize on the uh on the event itself to push things in their particular direction the greatest i i keep reminding everybody of this the greatest trick the devil ever pulled was proving he didn't it was you know convincing everybody he didn't exist and at this moment in time that that is the remnant of the british empire no one wants to believe that all roads

still lead to london but trump is leaving you every freaking clue imaginable that it is and that it does and it's not going through israel that's the problem again i'm not trying to deflect anything that israel is doing in gaza which is inhuman right their response in gaza is unacceptable okay period like i i don't know how else to put this i'm not absolving israel what i'm saying is there's they can easily be a scapegoat to misdirect you away from who the real actors are because it those guys don't have the same reach and power that go back 500 freaking years that The British, the Dutch, the Venetians and all that, all that Davosian concept, you know, I'm sorry, I don't, I don't see it's the Jews, for example, running around trying to elevate Indians into positions of power around the world and then flood, you know, all of our corporate offices and our corporate boards and our, you know, and our local governments with their people through H-1B visas and everything else. Like, this is a story that was suppressed forever and a day, and it's now all over us, right?

I don't see that. I mean, if it was true, I would believe it, but I don't believe it. I think it's easy to get caught in the pre—here, have this pre-pran narrative for you. Follow this Pied Piper, Nick Fuentes. Follow this bullshit artist, Ian Carroll. Follow this opportunistic bitch, Candace Owens. like i you know i'm this is where i am on this and i i'm i'm sorry that's what i think and i watching it happen in real time every time something happens anymore it's always this

and then i can always tell when i'm over the target because i get 50 freaking people coming out of the woodwork on twitter telling me that you know i take checks for israel i'm like dude have you seen the house i live in like the israelis don't pay very freaking well like okay fuck off but then again i've always been a russian asset then i was a chinese asset now i'm an israeli asset like fuck off like it's all bullshit like these are all just intelligence operations because you were you refuse when you refuse to stand by and and be set up to give everybody the pat answer you become everybody's asshole i'm okay with that that's like my brand right so but you have to remember that that's that's where you're gonna that's where it's gonna go and that's

the kind of the point here so the why this is important is because that's where they're trying to misdirect us and they're trying to misdirect our energy as a away from what needs to be done which is what we started this podcast with which is to say we're not going to live like this we're not going to allow you to gaslight us and into a bad reaction we're not going to do this we're not going to do this we're not going to do this and we're not going to fall for false scapegoats we're going to go after the king and when i say the king i mean the actual goddamn king of england king sausage fingers himself is going to get read the riot act i think by donald trump next week someone asked me on twitter yesterday the other next week what's that next week yeah he's going

he's going to to england next week right so um that state visit that you know queer queer stalin was like oh this is a very great opportunity a great honor for a man to be given two like state visitors with the king like shut the fuck up he's the king of england he's not i'm supposed to believe he's not all that freaking important every day people tell me he's not very important but then when it matters all of a sudden he's the most important man in the fucking world how about why is trump going to meet with the enemy i was asked this the other day like it doesn't mean i why would you go into the lions that i'm like to offer to sorry to present their terms of surrender the united states is done being the lesser colony that got away from the

british empire but there's a lot of work that had to be done behind the scenes to get to this moment and we you and i've talked about this over the last four years so for this you know all of this stuff the financial stuff and you watch besant you watch trump the whole why fannie and freddie It's all part of the tapestry of how do we recapitalize America, and we recapitalize, most importantly, the lower middle classes of America. And that's where the solve of all these differential equations of Bitcoin, the Treasuries, Sablecoins, Fannie and Freddie, banking regulations, Fed reform, all of it. Getting rid of the NGOs, changing the form, getting rid of the 2% inflation mandate by the Fed, renaming the Department of War so that they don't have to follow the 2018 NDAA anymore, which says the Department of Defense must prepare to fight a two-front war against China and Russia. No, we're turning around and we're saying, nope, fortress Western Hemisphere, everybody get the fuck out. That was the biggest news, I mean, of last week.

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Well, yeah, the Department of Work, I mean, the renaming the Department of Defense, the Department of War, I think was a little bit of legalese. I haven't I've mentioned this and I'm hoping that somebody either pushes back on me about it and say, no, no, no, no, or whatever. But look, we renamed the Gulf of America, the Gulf of Mexico, the Gulf of America for a reason. It was to invalidate contracts and to invalidate treaties that mentioned the Gulf of Mexico by name. so that then you have a few of then the government has the american government is a free hand to ignore those treaties signed in relation to the body of water known previously known as the gulf of mexico it's not just a little bit of of you know it there's a you know it may be facile and it may be childish but it may be it may have some truth to it and the same thing with this with

with them literally saying we're not going to follow the 2018 National Defense Authorization Act, which was re-upped in 2022, and remember Tulsi Gabbard coming out against the entire re-upping of FISA 702 and all this other stuff, which was the main thing that the Senate didn't believe her about and gave her the rash of shit over during her confirmation. um but hey i don't know in writing god so what do we got political those pentagon officials are proposing i pull this i pull this up the valde we just said it's like western hemisphere we're going to focus on that yeah yeah and so but you might have had to change the department of defense the department of war in order to be able to like have the legal maneuvering

to say we don't have to follow the nda anymore because it's law right but if you change the department's name like well there isn't a department of defense anymore the department defense does not have to follow this law because it is no longer the department of defense it is the department of war it's it's like i said it's a little childish it's a little cheesy but you know you're dealing with you're dealing with orcs who you know at this point who play legal games well if you're going to play legal games we're going to play legal games they oh these are the rules now we can shoot our political opponents you don't want to open up that can of worms right we you want to play the legal game of oh this is in this fine you want to you want

to play that yep frankly that talmudic bullshit fine we'll play that we can play the we can play that game better than you are you want to know why because we're smarter than you that's why we have steven miller yeah i mean yes meaning steven miller thank you marty he's incredibly impressive and he seems very he seems very uh very motivated right now but let's lean in so that's like order of operations from here we're at a point of acceleration rico obama russiagate treason so for us like what like for those who are unfamiliar with how uh the rico process goes what what do you think or how do you think this could play out as it pertains to regoing these people uh and this is where i'll cop to not having a tremendous

this understanding of this stuff i probably and this is something i probably should have a better understanding of but you know once you know once you can prove any kind of conspiracy you know i said to do x y and z i'm a huge i'm a huge critic of the whole rico statue i think it's terrible statue i really really do um i mean in that respect as a civil libertarian rico's awful and and i find it really funny that just as an aside that they tried to kill rudy giuliani mr rico himself which is how he cleaned up the which is how he cleaned up the mobs in new york and how he cleaned up the streets in new york and he used rico for um like that's that's rudy's thing so if anything the trump administration's being has been you know briefed on how to use this to its

maximal advantage for years because rudy's clearly a trump um uh in trump's camp and i'm sure that they knew each other for years when rudy was mayor and trump was actually just just a quote unquote shitbag property development between queens right so but you know rico is really it's actually really quite simple as long as we can prove that you know you did this in relation to that then we can create a conspiracy and we can you know can intend to create a conspiracy and therefore we can then we can just keep rolling people up that way and it's like and it's it and that's why it's that's why i'm not a fan of it but under this scenario again sometimes you have to realize that you're gonna get people like they put al capone in prison they finally got al capone

on tax evasion they didn't get him for the murders they didn't get him for the alcohol and the drugs into this and all that they got a tax evasion they're gonna get john bolton for some other damn thing, right? They're going to get Barack, they're going to get John Brennan on, you know, they're not going to get them on the crimes, generally speaking, that they're actually guilty of, but they're going to get them on something and they're going to get rid of them and they're going to make an example of them. And it's also, but unfortunately, while you do that, it's going to leave the people who were co-conspirators and out because they, if you can only go, you know, when you're, you know, investigating Capone for tax evasion, it doesn't

It means that you can't get them on anything else, right, because everybody else is holding their water, and you don't have enough. So this is the game that's being played right now. But they can, once this process starts, and once they start using Rico in that way, they're going to use it tyrannically, you know, by any measure of authoritarian power. The question is, to what end?

And this is where a lot of people will be very uncomfortable with the analysis, including myself, which is we are in a war. And during a war, like this is Steve Murray yesterday was like, dude, just forget it. It's all treason. Just try them under military court, military uniform, military code. Done. Try them under uniform code of military justice. Done. Don't get out of the civilian courts.

just go that route i'm like okay now we're opening up another like layer can of worms here but this has to be the people ultimately at the end of the day the people have to want this and obama is still loved by too many people to go after him yet so start rolling up all the lieutenants start taking out their jobs start taking you know start trying to turn them into into witnesses and start building the case so that when the day comes you can go look this is it this is this is what we've done this is who we can get on what we can get them for and you're going to have to accept that that's as much as we can get now people like the clintons i don't care about right i mean while i'd like to see hillary clinton perp walked because it would just

you know warm the cockles of my cold dead heart who cares right at the end of the day i it there's justice and then there's moving forward right and i'm not saying we don't move we don't have any justice before we move forward but we're going to have to balance those two things there's going to be some justice served and then there's going to be some moving forward and anybody anybody arguing for one extreme or the other you know who they work for because they're not being realistic or they're just they're or they're not worth listening to take your pick i don't care if you want i i will default to at this point in time everybody's an

enemy combatant right we're in war so i have to treat everybody that way that's not fair i'm not I know what that sounds like when I say that, but my role in this space as a commentator is to be that guy. You can choose to disagree with me on that, and you probably should, right? Because on any given Thursday, I'm going to disagree with myself. But that framework has to be at least explored and understood so that you can figure out where we're going to wind up. Because you asked, order of operations, where do we go from here?

There's going to be some, so we're going to get some scalps and we're going to let others walk. And everybody's going to have to be comfortable with that as long as what Trump is saying is like, look, we're going to succeed our way out of this crisis period. And the way you win and the way you beat the Soroses and the way you beat the crown and the way you beat Davos and the way you beat all these chaos, you know, these people who think they they can win the day in crisis is to make people successful is to give them the opportunity to succeed build wealth build a life have a positive experience because people who are

positive who are in a good place don't revolt and they want us to revolt they want us you know they want to they want to see a million people marching on london they want to see the french fire bombing courts and you know and and roadways and everything else they that's what they want because they think that that's going to alter because that'll that righteous anger will burn itself out and then they'll come in with the gendarmen assholes and elbows and lock the place down and because the normal people will be like look just restore order we're already at that point the response to charlie kirk proves that we're at that point all right and that tells me that my that when i was just one last thing um because i was this this literally just popped

into my head which is that for a long time now i've been positing whether or not we've already hit rock bottom i don't know if i if you and i haven't had this conversation yet but about a year ago when i was working on you know one of my two two newsletters i i sat down i was going through the narrative i'm like you know we all sit here and keep wondering when the thing that the crisis that's over the horizon is going to happen and when we hit rock bottom what is it going to look like and how do we prepare for that and blah blah blah and i stepped back and said but you know but we actually may have already hit rock bottom and then i just listed off all the things that we're dealing with you know an invasion you know gender fluidity this that blah blah blah i listed off

like 12 things and i'm like that's not the definition of rock bottom and everybody wants like the you know the running around in the streets and so if that's the case so that was what i said i don't know if we have but how about this those are your conditions now when we get to the next crisis how do we react and how are we reacting exactly the way we talked about at the beginning of this podcast people are going that's enough the corner's been turned that was america's rock bottom the biden hunter it's not over the horizon folks they keep telling you it's over the horizon why is it why they keep telling you it's over the horizon because they're trying to get you to look over there and not look at the collapse that's happening over here

yeah and like i actually had a similar thought earlier this week or last week with the jobs revision like a 911 000 jobs just were completely fake and you're able to look back and think retrospectively and know that the anecdotal data was screaming like we're in a silent depression like there is no way the economy is as good as being marketed by the biden administration and like i had that thought earlier this week it's like oh it seems like it is behind us this revision yeah i mean and and that's a great point about this this part of the cycle right and yeah i i know you and i talked about how the how the the employment data and the inflation data were being used you know to try and push powell in one direction or the other

and we talked about this last year i know we talked about it earlier in the year the last i was on i'm sure we talked about this three or four times and note how it always worked out exactly what i was saying they were under they were overselling the jobs recovery in the run-up to the election in order to try and keep biden in office or to pump up harris and that all that did was kept well then powell kept saying well i don't have to cut interest rates and then he doesn't cut interest rates until the credit markets start to hit crisis mode just before the election and so So he relieves – he opens the pressure release valve by 50 basis points, and then the next meeting is right before the election. It doesn't matter.

And then the December meeting happens. We get – the new government comes in. We don't know what Trump is going to do, or we don't know what Trump is going to be able to get done, and it made sense. And then they started, you know, muttering with the employment data and the inflation data in order to try and make Trump look bad, which is also playing into Powell not cutting interest rates. Oh, inflation is too high, and see, he hasn't fixed anything, and there's, you know, and the jobs are falling off a cliff and blah, blah, blah, blah. i'm like and powell's like sorry you know can't cut interest rates yet because because they were doing they were messing with that data while they were screaming the tariffs were going to create create hyperinflation well you're just going to scream hyperinflation over the tariffs

powell's not going to cut it cut interest rates into that situation i wouldn't and even though i knew that it wasn't going to be inflationary at least at you know in first blush all right i knew it like it's like the tariff whole argument about tariffs you know from a hardcore free market perspective say like from a thomas soul perspective is that look at least for a year 18 months tariffs are going to work like a champ the proof in the pudding is going to be whether they continue to work after that right that's going to be the interesting part so it was always a dumb argument and i'm like yeah if i was pal i'd be like i ain't got an interest rates either sorry trump not not doing it and you can you can lambaste me for strategic purposes publicly all you want but

this is the right course of action because what is this doing it's forcing everybody else to cut interest rates because we're draining their we're draining the vitality from their capital markets we're raising we're keeping the cost of dollars which they desperately fucking need as high as possible and so that's that's working to your advantage and giving you all the leverage you need to cut the trade deals that you want and that's exactly what happened sup freaks guess what? We launched a browser extension. It's called Opportunity Cost, and it helps you see the true cost of everything in Bitcoin. Convert prices to Bitcoin as you browse the web. Opportunity Cost automatically displays fiat prices in Bitcoin or Sats, helping you think in a Bitcoin standard.

It works on Amazon, Zillow, X, your bank account, QuickBooks. You can convert everything to Bitcoin. It's really cool. It's also 100% open source, MIT license. We don't collect any data. All of the conversions happen in your browser on your local device it's a great way to recalibrate your life and begin thinking in sats go check it out at opportunitycost.app that's opportunitycost.app now we're days away from the next fomc meeting so and i think everybody is all but certain that there will be at least a 25 bit cut potentially 50 it's being priced in uh to a certain extent I believe, 20% odds right now or probability. Did we close at 20% on the Fed funds futures on Friday?

Because the last I looked, I was very busy yesterday, so I missed the close on that. I didn't look at it. The last I saw it, it was only like 6%, but that was Thursday. So I literally didn't- It's at 7% on PolyMarket now, which if we're using some sort of prediction. Yeah, and the Fed rate monitoring tool says 3.6%. This is what I think is going to happen. I think it's going to be 25%.

And it's because of the inflation data. It's because of the CPI. If the CPI had come in like the PPI at low, then I think we'd be looking at 50. So, you know, last week, I was saying my base case is 50. Now I have new data. It was the PPI on Wednesday and the CPI on Thursday. And I, you know, for the patrons on the market report on Wednesday, because I always do them on Wednesdays and Sundays, what I said was when I put it up, I said, I've been saying for, you know, three years now that we're in a commodity cost push inflation environment because the directional change in the four-month rolling average of the CPI is tied, ties over, lays over nicely with the monthly closing price of gasoline futures. So you just take gasoline futures, monthly close, and sum up the last four months of inflation data, chart those two things together over time.

And for the last four years, certainly since Powell started raising rates, they're directionally in lockstep. Every once in a while, there's a month where the CPI goes up and the gasoline goes down. But for the most part, it's like a 95% correlation. it's it's it's actually quite an impressive um bit of uh of of uh forensic work on my part i i originally started with like the one year then i went to the six months i'm like oh that's four months and that has to do with clearly this the gasoline supply chain and how far out people are hedged in the gasoline market and then it starts to show up and that's why it shows starts to show up and with a four-month lag in the cpi because of of um of uh of you know but when it

shows up at the pump right there's like they're buying it wholesale they're selling and then eventually they sell it at retail and there's a four-month lag clearly people hedge four months out into the future what happened on thursday with the cpi so what i said was like say well given that the the the august close and gasoline was down like 13 or 14 cents over july I'm expecting the number to come in around, for the month-over-month change in the CPI, around 0.1. Maybe 0, but 0.1 would be like the perfect predictor of if this model was still holding. And I said, if this model is still holding, and I'm not sure about that, but if this model is still holding, then that's what we would see. And then the CPI comes in at 0.4%.

And the one thing I did say, I said, you know, we're getting all this discussion now about electricity prices spiking because of data center needs and everything else. Supply chains and electricity are becoming acute. Well, if you look internally on the CPI, and this is where Zero Hedge is always, this is where Zero Hedge is really at its best. when it's producing data like this, not some of the slop commentary that's out there, including my old, when I used to write articles that were on zero hydrogen, I'm including some of those things. This is where zero hydrogen, which is the breakdown of the CPI. You saw that year over year, electricity prices were up nearly 14%.

Pipe natural gas for energy purposes up almost 9%. Gasoline prices were down 6.6%. So, we got a big rise in the CPI, even though gasoline prices fell. Means that another factor is beginning to exert itself over the inflation as calculated by the CPI. So, my old model may no longer be working. And I've been saying this model is going to work until a state change occurs. and a state change is occurring so let's see if this is a one-off or you know we start to see a new trend meaning we see a decoupling of the price of the monthly closing price of gasoline with the

four-month rolling average on the cpi if we you know get two or three months of that where they're out of phase with one another we're like oh we're in a different environment and now we have to like come up with a new rationale as to why those two things are out of lockstep with one another right which is perfectly reasonable like you know it's never always that way pre-covid or pre not pre-covid but pre uh yeah pre-covid no there was no correlation between these two things because in a demand pull environment there shouldn't be the demand for credit is independent of the price of the change in the price of gasoline you know a demand pull environment should be that way in a cost push environment it will be so that's the way i look at it that way that's why i think we're

only going 25 with the fed on wednesday because while powell was saying like i'm i'm scrapping the two percent inflation target yeah i don't think i'm going i don't think i can do that with you know with the the level of of uh of uh of inflation now that being said the pce deflator hasn't come out yet um and uh which is one of the fed's favorite indexes or indices um indicators sorry those are both of the words were wrong so i don't know like i mean i'm okay with 50 like honestly like in this environment i'm okay with 50 personally i think i think powell should do exactly what he did last year 50 25 25 and then sit out january and in his last meeting sit down and go to trump okay what do you want or what's your new what's your incoming chair

going to do anyway and then do whatever they're going to do and if it's judy sheldon or whoever it is because Scott Besson taking selfies with Judy Shelton the other day. Kind of hard to miss that. So I don't know. That's where I think we are. But predicting this stuff at this point isn't really that important. What's important is I think we're definitely into the next rate cutting cycles right here. The labor market is clearly not great. The credit markets are too tight um my own personal experience and trying to you know get some you know some mortgage credit like against my existing house and and and then you know roll out my capital no dudes like it's insane like the underwriters are working overtime every freaking day to deny people loans i was

talking to a friend of mine that i that i uh that i play world of warcraft with he's in the industry he's like this is the worst freaking week of my life and it's been just terrible and he's like he's listening to me complain about what i'm going through with the with the bank that i was trying to get a cash out remortgage on my uh remortgage on my house here in florida and he was like dude i hear that story 10 times a day and small business owners are just they're not able to get the friggin they're not able to get mortgages anymore it's like it's terrible there's so much in there are so much regulatory crap in the system that it's insane so if you want to um if you want a a little nugget of where I think one of the things we should be looking

for note that Scott Besson, a couple of weeks ago said that we're, we need to declare an emergency in housing in the United States. And I think it's over the regulatory scheme of how do we get small business owners, you know, access to consumer credit because it's, it's bad.

It's terrible. And the minute I started talking about it, I'm having people say, Oh yeah, dude, like I, I fought with the mortgage company for three years in order to try this guy.

And they come out of the woodwork and they're like, i make more money than you know i make far more money than i'm trying to to you know this is them saying like i'm looking at it like i you know the amount i wasn't even asking for a lot of money just a little bit of extra money to develop my property up in tennessee is really what it came down to and um no no it was it it's it's and it's and it's and it it feels vindictive right but i don't think it is i think it's literally just dodd frank sarbox this that everything all these banking regulations that were put in place both by the federal reserve and by elizabeth warren the cf when she was running the cfbp were designed to make sure that the middle class didn't get

access to um easy access to the kind of consumer credit necessary um in order to free up their cash flow in order to start rebuilding the country because that's what the 30-year mortgage fixed rate mortgage does right the 30-year fixed rate mortgage says here as opposed to taking a 10-year mortgage out and tying up all your cash flow amortize your house over 30 years build your community build a business in that community and you're paying five percent on that loan well build a business that's growing seven that's thrown off seven percent a year and your business is paying for your home and then you build a community and that was the that's the model and who hates that model davos london yeah i mean explicitly they explicitly hate it you'll own nothing and be

happy exactly so this is why the realist defending and freddie is so damned important this is why the housing situation is so damned important and this is why um trump was like look we're giving you every opportunity to act like act like grown-ups this summer but nope sorry we're done and they just got rid of the you know the 60 percent rule on a lot of these things and effectively ending the filibuster and they can put the filibuster back in place before they leave power that's what i would do if i if i were in order to really like regain the trust of the american people i would suspend the filibuster for like the rest the balance of this term and then right before the last congress the the last the day of congress they reinstate the filibuster and then and then

you know 2028 and then say fuck off and you know what i mean like that's what i would do just like oh by the way we're done playing games with you or we are you want to write the rules this way this is the way we're going to write the rules yeah you know it's fascinating um so a few things sure one just a retrospective on the ongoing conversation we've been having two and a half years about this particular topic like is the timing right in your mind like did pal according to your thesis do what needed to be done and now we've gotten to the point where it's like all right that's done lowering rates is acceptable yeah and then to your point about moving forward like in uh rock bottom being behind us potentially i'm beginning to be convinced with that i've been

having a lot of conversations with mel madison i'm not sure if he's on your radar but he's been predicted i haven't actually i haven't actually chatted with mel but i've heard of him so yeah but he i mean he started calling it in december of last year he's like i think we're gonna have like a a short little correction post-election with tariffs while people figure it out and then we're gonna scream uh the markets are it's all systems go and he's still i had a conversation with him last week and he's like on bullish bonds gold bitcoin stocks yeah yeah um not not globally mind you no the only the united states yeah yeah because the capital quite out of europe is is is going to be biblical but yeah yeah yeah no and another thing

he mentioned he's like i think we'll see a four handle on 30-year mortgages next year um and so what what is the plan with fannie mae freddie mack um pretty obviously they want to um trump's already talked about the the baseline um or the the framework of it and he's clearly in negotiations with the big banks who are the holders of the junior preferred shares which are the quote-unquote holdup but and that gets into a and and that and once i start going down that rabbit hole with the junior preferreds it'll make this like sound like an insanely complicated mess but it really isn't there are a bunch of junior preferred chairs out there some of them are convertible to common some of them aren't a lot of them are paying you know

coupon fixed coupons and a lot of them and they were in the wake of the 2008 financial crisis a lot of the big banks and i'm talking goldman and morgan and sapien and all the rest of them And these junior preferreds were there originally, were handed to the small and regional banks as capital when Fannie and Freddie were bailed out and they needed to be dealt with. And so these junior preferreds acted as the tier one capital that they needed to shore up their balance sheets. And then those got gutted, right? And so they got loaded up with all these junior preferreds, and then they got gutted, and then they got bought. And now, you know, Wall Street's sitting on, you know, $30 billion of these things and they want or, you know, that they paid for, paid nothing for, literal pennies for. And they're arguing with Trump over how big the uplift is going to be when they get paid off.

Is it going to be 15? Is it going to be three to one, four to one? Because look at the price of Fannie and Freddie today. They're trading around $12, $13, right? Or, you know, $12 and $13 for Freddie and about $14 for Fannie Mae. They've been moving. They moved hard this week and then they corrected into the weekly close. I think Fannie closed at like $14.65.

They hit a high of like $15.50 or whatever. Trump wants to IPO them in November, and I mean November, six weeks from now or so, at $50 a share, effectively, $500 billion valuation. When you do the fully diluted conversion and everything else, it works out to about $50 a share, a $500 billion market cap. at you know i ran the numbers at you know nine bucks so i guess they're about 135 they're currently worth about 135 billion dollar market cap fully diluted so there's still another you know basically 50 up you know 50 ipo that tells you what their market cap is currently just divide where they are versus that and then do the math meaning fannie and freddie are the together are the ninth most profitable company in the world

okay they would be on the s&p 50 they would be immediately it would be the great american mortgage company would be immediately moved be moved into the dow okay this is what obama is really guilty of which is destroying the 30-year mortgage market in the united states okay and you know fannie and freddie needed a bailout in 2008 it was a whatever the bailout was 120 billion dollars whatever it was they paid that back almost twice over um work for 180 billion whatever it was they paid back over 300 billion dollars against whatever the debt was bill ackman's got the actual numbers on this and he put out a really great presentation back in january that i i know i've linked to and i know it's in some very deep

in my twitter feed somewhere but you can go look up the ackman presentation from january 2025 and sit down and listen to it it's about an hour and a half long and um he goes all over the history of numbers and everything else but the the long story short is that bringing fannie and freddie out of conservatorship which they're still in that they shouldn't have been for years obama's stole hundreds of billions of dollars of fannie and freddie's profits and use it to fund obamacare and the one thing that trump did back in 2017 when he first took came into office was he ended the net full sweep of all of fannie and freddie's profits into the government budget now that was that way from 2008 to 2017 now the justification for that

originally was because of all the money that you know the government bailed out fannie and freddie with but remember the government also owns a 79.9 stake in fannie and freddie so you know like how much does the how much does obama want to get paid back for the 180 billion dollars they put in the fannie and freddie back in 2008 the good question i think the number is all of it okay because the point is that under the current underwriting rules and everything else it's become very very difficult for the middle class to get access to a proper 30-year fixed rate mortgage without some other layer of onerous um capital requirement up front the big one being a 20 down payment okay or 20 you know so in effect who has if you're buying a four hundred thousand

dollar home who has a hundred thousand eighty thousand dollars laying around to put a down payment down on a starter home nobody so then you have to go to fannie and freddie at three you have to come up with three and a half percent even most americans can't even afford that on a 400 000 home or 300 or as 250 000 stop dollar starter home in america that's a lot of money for someone making 45 grand a year right um 50 grand a year so it was designed from the ground up to inflate housing prices keep the boomers in invested in the old system and everything else because um they were going to take their houses they sold that they bought for a paper clip and some chew open you know chewing gum wrappers back in the 1960s and now they turn around sell it for

half a million dollars or a million dollars move to florida buy a three hundred thousand dollar condo pocket the rest and then you know and then sail around the world on you know carnival cruise lines that was the model and fuck their kids because the boomers hate their children um and say oh you're lazy why don't you just go out and work for it i did like no you didn't you you rode the inflation wave like i when my mom died i remember saying to myself i'm like my dad didn't build any real wealth my mom didn't build any real wealth the only all their wealth was tied up in in the appreciation of their housing we rolled up generational wealth from like from her parents into into into my parents estate on their balance sheet and then from there the increase in the

price of their home um is what you know was i mean i'm like we we're where the my family is the direct beneficiary of federal reserve policy i saw this back in 2003 okay when my mom sold her friggin apartment down in Marco Island for a stupid amount of money in 2005, a stupid amount of money relative to what they paid for. And I'm like, take the friggin profit, you're literally top ticking the market, like, and you can't do better than this. So, so we played that game, my sister, you know, so we played that game. But I understood it because I understood the market. Now, what's happening with Fannie and Freddie is that it needs to be brought out of conservatorship. um it's been building capital since trump took since trump ended the net full sweep they've got

you know on some ridiculous amount of money on their balance she's only 150 billion dollars but the way the conservator rules were written the exit from conservatorship they have to raise some retarded amount of capital that they'll never raise in another generation another generation to raise 400 billion dollars whatever the freaking number is the argument is everything that fannie and freddie paid over and above what they were bailed out for back in 2008 all that extra capital that obama stole to pay for obamacare should be credited against their capital requirement to bring them out of conservatorship that number's already they already well exceed that number because there's like 102 billion plus whatever you know whatever

the number is it's a it's a crazy amount of money there are people out there who are screaming that oh you're going to delude us and it's going to hurt us and we're going to take you to court yeah they're all full of fucking bullshit like this is not going to happen what's going to happen is he's going to merge the two companies into into one save an ass load of money on sgna costs right got all of it then eventually move it into probably move it into hud and just get rid of this and just get rid of all of it and we get rid of that jenny may all that stuff like it all can be just put into one organization leave put the government guarantee leave the government guarantee in place because the government's only going to sell a certain number of shares of the

ipo they're talking now only three to six percent originally trump was talking five to fifteen now best is talking only three to six meaning that tells me that they're winning the negotiation with wall street over the junior preferreds oh by the way um and they're still getting the sovereign wealth fund and it's going to generate you know 70 they're going to sell on a 75 ownership in the damn companies and it's going to be throwing off a ridiculous amount of profit that they're going to pay out a 5% dividend and they can dole out shares to the general public or to insurance

companies and pension funds and whatnot on an as-needed basis as the mortgage market in the United States unfucks itself and then they can and the piece de resistance here the long-term strategy would be to, it's a private company now

fuck you, we're going to go to Albertans, hey, would you like a real mortgage? Would you like better mortgage terms than what you're getting from CIBC? Hey, oh, by the way, you farmers in the Midlands who can't get consumer credit? Yeah. Hey, how about you tell Barclays to go fuck themselves and you go buy a loan from J.P. Morgan? Can you imagine the market cap on quote-unquote MAGA?

Because Donald Trump wants the ticker symbol MAGA because he's Donald Trump. I'm like, no, come on. It's GMAC. It's the Great American Mortgage Company. But you imagine the market cap on that company. I'm telling you right now, Fannie and Freddie may be the most asymmetric trade since Bitcoin at $20. So you're buying? What's it, IPOs?

I can't tell you what I do with my money. I can only tell you what I see. Okay? So, you know, I don't discuss portfolio stocks. I don't like to discuss this stuff. But this is too important a story. this is one of the most potentially asymmetric trades we've ever seen this is like buying apple at the iphone yeah okay not only that we're talking about this is a 30 bagger if possible

this is a three and a half trillion dollar company and i mean and that's just like if you buy the stock but like i think the positive externalities from the effect on the economy people being able And the fact that people literally can pull – you can own some and it's going to pull 5%, but it's going to go right – all those shares are going to go right into the pension funds, right into the insurance companies. They're going to write mortgage-backed securities that are guaranteed. And if you change the cash flow of the country, you deregulate the country, you encourage entrepreneurship and the middle class to start rebuilding wealth. at the same time as you unfucked the economy from all this fucking insane environmental regulation, which was all designed to make sure that we couldn't do anything. Like, I sit back and I listen to the people who tell me that America's doomed,

and I'm like, well, yeah, they're doomed if you believe that the people who have been dooming us are going to stay in power for the rest of their lives. Why don't you actually engage with what is happening, as opposed to being a shitbag critic sitting on the outside going, no it just it's got to be that way because i'm invested in the doom in the doom porn i'm like fuck off like i'm this is i'm done like i watched this shit happen and i'm like they're doing it and you're wrong and you call yourself an american patriot i say you work for somebody else they may just be clueless i don't give a shit

but i'm an american and i don't want to see us lose because i understand what this means in the context of human history which is that of america survives this if the american experiment and the constitution built on we the people are sovereign over our government in a way that the britain that we haven't seen since before as my friend ian burlingame puts it since before william the conqueror fucked england then this has to occur and fannie and freddie's relisting are part of that yeah and that's like another anecdotal data point i've been observing is people are getting fed up with the doom doom porn yeah as well it's like and i was actually on michael ferris's podcast earlier this week too and uh that was one of the questions he asked me it's like would you ever

leave the country it's like no no this is my fight this is my home yeah i'm not leaving my home because it's because it's hard don't fuck yourself dude this is the this is the place if we lead i've been saying it for three years marty if we lead the world will follow us yeah and that i mean this brings up the question it seems like again all systems go tragic event this week but critical misstep that is leading to an acceleration what moves does the crown the dabas class have to defend or i think it's about the funny is i you know everybody like donald trump is shouldn't go and meet with the king because you know you better bring your personal food tasters and this i'm like look vance has already been like vance has already

been groomed for the job like i'm sorry like i i think that guy's more based than freaking trump is at this point um i i i i i know there's a lot of question marks surrounding jd vance at this point and i i hear i hear them and i'm like i i've heard the same i heard the same shit about donald trump what do you mean what question marks the teal yeah the peter teal stuff the you know the indian wife the this to that like all this stuff like you know i've heard it all like i'm just i'm so over it like that's just that's i'm sorry that's city of london slop like that's what it is that's 4chan slop and i'm done done done with it and i don't care um what are they going to do next obviously they're trying to gen up a false flag in europe in order to get the in order

who you know get a nato article 5 thing going they're trying yeah that's really trying to get israel and turkey into a freaking hot war um what happened with that in poland that was very odd yeah like i i think it's a mixture of i think it's i think it's two lies wrapped in a nugget of truth i think the russians were sending some reconnaissance drones over poland because well poland is actually helping ukraine fight russia and used and do targeting of russian land so they're absolutely you know justified in sending drones over poland oh by the way donald tusk and the ukrainians were you know adding to the numbers and with the help of you know the british because it look the people are braying loud most loudly here are the usual suspects in poland

Brad Sikorski, who's a frigging MI6 and British asset. Donald Tusk, who's a frigging EU asset. Like these people are all the same ones. It's, you know, note how the Polish president, Norwalkie, isn't saying anything. Notice how the former president, Andrzej Duda, came out and said, oh, yeah, like Zelensky did everything he could to try and, you know, create a false narrative to get us in over Russia attacking Poland in order to get us involved in the war there. I mean, they, they have, they have worked and worked and worked and worked and worked this angle. And the acceleration is actually working against them, because they need time to

build out a new army in France and or Germany under the UK or wherever. But they're going forward like the europeans are going to put troops into ukraine and the russians are going to vaporize them and the united states is not going to give them the kind of support that they think they're going to get i'll be honest with you i would almost believe at this point that the u.s gives them just enough support to ensure that they get wiped out but they do they do some face-saving damage to the russians in the process meaning defensive support meaning you know air logistics you know radar and targeting and all that stuff but hold back hold back completely like we did with iran and israel israel get their fucking head handed to them by the iranians right i have

to wonder whether or not you know we defended them with our full power or not yeah you know maybe we did and that's and that tells you that all this air defense stuff is all on both sides is all bullshit which is very possible and therefore like at the end of the day we're gonna they're all gonna lob missiles at each other and beat the shit out of each other but when it's all done the missiles will be spent and they won't be able to reload anytime soon right this is what happened with israel and iran and so that's a good thing because you know i've been taking the pressure release model for a lot of the stuff that in order to stop world war three from occurring you've got to bleed out all of the weapons and armies and everything else that were

built to fight world war three you bleed them out in small um and small conflicts like regionalized conflicts over a short over a long period of time and you would trit it all out since that when everybody does finally get their Kaz's belly. They don't have the friggin, they don't have the ammunition in the army to run the war. Yeah. And I think that

that's the strategy. I think that's what Putin and Trump are coordinating about in their response to all of this. And I think Trump is very clear that he does not want the war to continue. He will lambaste Putin publicly because he has to, but

he's not giving the Europeans is their cookie. And so they need to, they need the war to cover the default. They don't have, they, Lagarde keeps talking about the digital euro next month. It's not happening. I have a very good authority and I'm close to getting any of the member agreements or anything else in place. I mean, unless they're going to go full fascist and just roll everybody up and, you know, and just, you know, roll tanks in the Budapest and make, you know, an arrest Victor orban wouldn't that be bad optics um but you know it's not the ussr for nothing so yeah no it's shocking earlier this week it seems like europe is definitely going to try but germany

announced they need to double their army and i found out that the german army only has 62 000 enlisted members which is like holy shit okay well you're gonna double that army to 138 132 thousand hundred you know it's 124 000 oh that's nice uh they can get wiped out really quickly like remember that's i mean that means that they only have 20 000 fighting men and that was like i mean that's like a shocking sort of validation what trump's been saying like you're not nato you're not holding up your end of the bargain the fact that they only have 62 000 enlisted right you have 62 000 people and only 20 you know then only one third of that is our actual combat troops the rest of logistics and an organization because an army is a is not all you don't does

you're not going to just drop 62 000 guys in there armies run on their stomachs and they run on reloading and they run on this and they're in the rear of the gear and all that shit like dudes it's 20 000 so you're going to double that to 40 000 the russians are killing you know 2 000 ukrainians a week or 1500 ukrainians a week so how long is that gonna so how long is germany going to last under that scenario? Are you just going to keep throwing men in there? Like, I know they have

an immigration problem. They just want to get rid of them all. But, you know, and again, three hots and a cot. You know, if you collapse the European experience, right, the civilization, and people are now only focused

on three hots and a cot, and they can only get that from going into military service, that's their plan. You know, either through press ganging or through desperation, right? that's what they did in ukraine first they did the first they destroyed the economy and then it was guys fighting in the donbass in order to send their paychecks back so that their wives and their

kids could eat that was the first that was the first ukrainian army it was the second ukrainian army now we're on the sixth ukrainian army now they're just press ganging them and sending them to the front do you think uh the opposition parties in europe have any chance at taking over power marine le pen afd not yet not until there's not not until there's actual honest to god like they have to storm they have to they have to storm the presidential palace pull macron out and chop his head off i'm that serious let's go full he's not going to leave power and in 2027 when his when his term is up they will manipulate the the the political situation again to deny the people their agency every time they do this they raise the probability

of macron being severed from his spinal column being severed at the neck goes up a few points and i don't say that lightly i don't say that flippantly i i you know yes i'm long guillotines rope makers and lead futures but it's a it's a funny joke but it's not a funny joke it's absolutely right. And the way I'm watching Macron operate now, the way I'm watching Keir Stalin operate in England, the way I'm watching MERS in Germany, I'm like, I'm Texas hedge those things now. I'm double long. Fuck you people. You people are nuts, but they think they have a plan and that plan is chaos. And then out of chaos comes order. And I mean, if you're not sure what the ideology is. Have you all watched Babylon 5? Do you remember what the shadows told Sheridan

at the end of season three when he went to Zadum? That's the story. That's who we're fighting. These people really do believe this. Now, the shadows were ideologically possessed, wanting to advance humanity and serve, quote unquote, evolution as the godless commies that they really were. These people just want to stay in power. This isn't some cheap ideological fight between two elder races who are just angry with each other to prove an intellectual argument, which was the story in Babylon 5. This is fundamentally different. These are demons who absolutely just want to stay in power because they see us as tax cattle. so again go back to fannie and freddie what is now talk about ron desantis down in florida

openly stating flat out this is unacceptable that people have to pay rent to the government for their primary homes that they own this is again go back to william the conqueror go back to the institution of property taxes. Property taxes are the original sin of government. You will never be free, folks. This is why the Bitcoiners are so right about a low-deal title and all the stuff about Bitcoin, not your keys, not your coins, all of that stuff, because it's the one area of our lives where we can say, I have full sovereignty over this asset. Gold operates very similarly. Well, up to the point where somebody comes into your house and puts a gun to your head and said you know 24 word key phrase please what 24 word key phrase you're going to die

for this of course not where's the gold i yeah it's in my toilet you know what i mean like at some point your life is not worth these things but up until that moment but it's really hard to like you know get all that money because you're going to go to everybody's house and do that and that and at some point you do four or five of them eventually the sixth guy stands up and shoots somebody and then the seventh guy shoots the you know and then and then the shooting starts right So, the property tax thing is a very important part of this, because this is now, we are here to end feudalism. We are here to end the, you only have the money that we lend into existence and take

a vig off of so that you can pay taxes and rent on your property so that we can stay in power in perpetuity and rape your children and shoot you up with drugs

and all the rest of it. We will not live like this. No. Florida, I mean, not only the property tax, but something that is a high priority for me being a young father the ending of course of vaccine mandates is massive i hope that's a trend both of these things are a trend yeah that grow nationally and i just worry for the blue states particularly if they just take dude if the antithesis of that

and try to dig their heels in right down on that i mean who's it it was um somebody pointed out i think it was i think it was the cfo of florida he said it's an unrealized capital gains property tax yeah it is he called it unrealized capital gains i was like thank god somebody finally gets it unrealized capital gains it's feudalism and you only have the appearance not you know the government's tyrannical for a variety of reasons but you don't understand why it's tyrannical it's built from the ground up of this fundamentally unfair system where grifters and terrible people get to live at your expense because you go to work every day to pay your fucking property taxes to keep them just low enough that you don't complain about them. Fuck that. No, I'm not.

And now they're out of control. Now the step-up basis, every time the thing is sold, has put so much money into the coffers of these fucking school boards and these county commissions that They're acting as nothing but super PACs for fucking Davos and for the fucking Democrats. And these and the people who killed Charlie Kirk. That's what you've got to get through your head. And for George Soros and all the rest of it. They're laughing at us, folks. They literally laugh at us on a day-to-day basis.

And you've got to like, you know, this is that moment where you're like, I could see at the end of that, all Josie Wales, when they're in the house, right? And they're about to get attacked by the red legs, right? Finally, the government's finally tracked Josie Wales down there and they're in the house and he's like, and when everything looks dark, when everything looks bad, that's when you got to get mean. That's when you got to get plum, mad dog mean and say, that's enough, no more. And then when it's done, yes, the war is over.

Moving on. bury the bodies get out the shovels do the work rebuild society that's where we are and non-hackers don't get to serve in my beloved core i love it i think this is a good place to end like and i'm again uh this week was terrible yes but it seems like things are moving in the right direction in terms of resetting i i agree and i you know i i've been you know i dude i i when i saw the the twitter post of the guy who was putting out the he said i want to raise half a million dollars for art block grants to put murals of arena and i saw the the ai picture that he put together for you know as

a mock-up for this when i saw that i started to cry and then i saw elon and the only reason i saw it of course is because then like 20 minutes later i finally saw the elon musk retweet saying i will give a million dollars to this yeah i'm like that's what we have to do two good immigrant founders there own uh mccabe irish immigrant running intercom listen elon south african and that's like we don't get on like immigration but like no it does it feels like the zeitgeist and again just the videos i've seen of people all across the spectrum old young black white particularly after what happened on wednesday like getting online saying we will not live like this the amount of people saying i voted democrat my whole life i do not want to

be associated with these people i'm voting red down the ballot next next election yeah and damn the consequences and if we over correct a little bit we'll fix it in post but we're going to over correct the question is you know how far and what we don't want to do is go full fremen we want to retain our humanity during the process we want to put them down the way they need to be put down at the at the level of violence that they at a you know an individual level they um engage in so y'all wanted to put us in camps over the covid vaccine you get to lose your job over cheering for charlie kirk being dead sorry that's the way it works those are the rules that's the rules of the polite society. Oh, you can't do that. Freedom. No freedom of speech. Freedom of speech means

freedom, freedom of association. Freedom of speech is freedom of association. Freedom of speech is freedom of association. The freedom of association also implies freedom from association. And I choose not to associate with you. You chose, you didn't want to associate with me. Well, got news for you. Don't want to associate with you. We're taking you out of polite society. We're bankrupting you. We're going to make you work from the ground back up in order to understand in order to have that work pull you out of your possession. It's the only way you're going to learn. Yep.

And last thing, since you brought it up, there's going to be another win shortly, it seems. You mentioned COVID camps, but it seems pretty clear that they're going to announce that the COVID vaccines are not safe and effective and hold those pharmaceutical companies accountable. And then Fauci goes to jail, and again, some of them may never go to jail. Anthony Fauci is 84 years old, 85 years old, and you're like, what are you going to do?

You're going to put him in jail? Okay, fine. You could just shoot him. I mean, that would be fine, too. You know, for a certain point, you know, you killed a lot of people, and you did so willingly. like we don't have that the civilized thing is to put you down that's how monstrous your crime is yeah i mean to a certain extent you almost have to just to let people know there are consequences for this and to be clear we're not saying

luigi type put down it's let's bring the case bring the case do the things put them up and And then, and then, you know, they were, they were, they were properly tried and they were properly shot. Yep. So it's all happening. I mean, we're getting win after win after win here. So I think so. All right. Kudos to you, sir.

You've been right. Quite, quite, quite a bit over the last four years that we've been discussing this. So, you know, we work really hard. We, you know, Dexter and I work really hard, Marty. Yeah. And, you know, you're, and, and I've been course corrected a number of times and I've been wrong about things. And then, you know, then you course correct and you go, Nope, that wasn't that it was

this, you got to remain flexible of mind and that, and by remaining flexible of mind, you can, you can access your anger and you can access your frustration for when it's necessary. And then you can pull it back and go, now we're going to do this. And, you know, it, that sounds schizophrenic, but it's actually not. It means that you're in control of your responses to stimuli. And you know when to let it out and when not to let it out. Just your logical thinking being with humility, which is important. Well, you have to think both with your head and your heart.

The people who are doing what they're doing now are thinking only with their head. They're living in their heads. They're going down the raw logic, if this, then this. if he's if if he's against abortion it means he's against this if he's against abortion he hates women he hates women he's a nazi like that's where they are it's coldly logical and coldly logical is evil you have to be and then once they're coldly logical then they can then it gets turned into the most negative of of uh of biological response you know endocrine system biological response and then you get what you got on wednesday yeah we will not live like this

we will not live like this tom let's catch up at the end of the year absolutely thank you for that you're uh let's hope everything goes well best to you and your family as always you as well sir we'll do well and we'll do it again thanks barney oh yeah peace and love freaks okay thank you for listening to this episode of tftc if you've made it this far i imagine you got some value out of the episode if so please share it far and wide with your friends and family we're looking to get the word out there also wherever you're listening whether that's youtube apple spotify make sure you like and subscribe to the show and if you can leave a rating on the podcasting platforms that goes a long way last but not least if you want to get these episodes a day early and

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