TFTC: A Bitcoin Podcast - #688: The Housing Crisis Neither Party Wants to Solve with Mark Mitchell
Episode Date: November 26, 2025Marty sits down with Mark Mitchell, an independent pollster, to discuss the growing disconnect between America's political class and younger generations, the collapse of institutional trust, and why t...he Republican Party is failing to offer solutions for the economic crises crushing voters under 40. Mark on Twitter: https://x.com/honestpollster Rasmussen: https://www.rasmussenreports.com/ 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 CrowdHealth https://www.joincrowdhealth.com/tftc Salt of the Earth: https://drinksote.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/
Transcript
Discussion (0)
you've had a dynamic where money's become freer than free
if you talk about a fed just gone nuts all all the central banks going nuts so it's all acting
like safe haven i believe that in a world where central bankers are tripping over themselves to
devalue their currency bitcoin wins in the world of fiat currencies bitcoin is the victor i mean
that's part of the bull case for Bitcoin. If you're not paying attention, you probably should
be. Mark Mitchell, we're cooked. Yeah, I think so. I think that's the diagnosis. We're freaking
cooked. You know, here we are with the middle class being hollowed out, all of America's jobs
being sent overseas. The most pro H-1B person on the planet, Elon Musk, screaming at people to
procreate while giving away the salaries that they need to do it to the rest of the world.
And a White House that's putting out tweets about how they stopped inflation
when the American dream was shipped overseas. It's like, you know, I gave them that message
at the White House, like you'd probably need to actually address the underlying fundamental
issues and actually explain to people how the Republican Party can fix that.
Or we're all going to be socialists. And right now it looks like it's the socialist thing. So.
well since you mentioned i didn't know if you were willing to talk about it but we were supposed to
record last week but you had an emergency trip to the white house to try to talk some sense to
the administration because over the last few months specifically but even last year during
the election i think that's when i found you'd started following you more closely it seems like
you have your finger on the pulse um of the sentiment particularly in younger generations
So that's one thing that I like how you phrase it, like polling Rasmussen.
You don't understand what everyone is thinking.
It's like, why are they actually thinking it?
And I think over the last month, particularly with your crusade on on X sharing the DMs
that you've been receiving from younger generations, it's really highlighted why the sentiment
has collapsed for this particular administration.
Yeah.
Yeah.
I mean, we're at the end of the fourth turning and we can get into what that is for people who
don't know what it is. But basically, in my opinion, all of our institutions have been
corrupted. Society is fraying. People are increasingly divisive. They don't understand
what the problems are. And unfortunately, for our politicians who have to solve those problems,
you kind of have to have your head on a swivel and be smart about what people are saying beneath
the numbers. Just to step back, though, like we're often slandered as being right wing or
Republican pollsters. I'm an independent pollster, which means that I'm not on the payroll of either
party. And I'm just looking out for the voters. And what's weird is that we're pretty much like
the only people in the political industry who are doing that. Like literally everybody has a
lobbyist, except for the people, the think tanks and the parties are supposed to be that, but
they've been completely corrupted by special interests. And so when a White House asks me
to come to the Oval Office to talk about economic messaging, that's a pretty big deal because that's
actually a lobbyist for the people, being able to go down there. And they can't fire me. They
can't cut off my business because they never paid me anything. And it's like, I've been doing this
honest polling as a charity. The rest of the industry is really hopelessly corrupt. Rich
Barris is good. Trafalgar, Matt Towery are good. That's basically it. Everybody else is just
shilling for special interest in the establishment. And polling gets misused to protect things like
the H-1B program, which has been one of the boots on the throats of the American people.
So I went down there and, you know, I think part of it is because sort of JD gets all this. And
I think Trump does too, but he's surrounded by all of the same kind of people. You know what I
mean? It's like his donors, Fox News talking heads. And it's wild that there seems to be
such a dividing line in the polling at the age 50, where under 50 people just totally think
differently than people above 50. And it's partly news consumption. It's partly this generational
divide between the values that people were grown up with. But the under 50 people are going to win.
It's just a matter of time. And so you see a lot of like rebelling against the old ways of doing
things. I think Israel is a very good example because the younger voters completely on opposite
ends of the spectrum than the older voters. And unfortunately, Trump is surrounded by a lot of
older interests, billionaires, you know, traditional Republicans, all the think tanks that have been in
D.C. that have done things a certain way for decades. And Sean Hannity, you know, Mark Levin,
like Lindsey Graham, these are the voices in his ear. And I think they know that and they're
trying to get other voices in, like Charlie Kirk, I think was a big influence. But unfortunately,
you know, in Trump one, kind of the way they did things was to throw things in a wall and see what
sticks. Well, we're 10 years farther down the late stage capitalist timeline and it's the music
starting to stop. Like there, we, we need much more aggressive fixes. And like I said, you know,
I think that the Democrats at least have a product offering. They're all offering is
democratic socialism. Republicans are still trying to like sell you sort of like glammed up Mitt
romney trickle down it's gonna happen yeah exactly yeah totally we're gonna cut taxes on
these major corporations and trust me bro it'll make your life better yeah well this is perplexing
considering this i mean 2016 i was i was 25 at the time in the lead up to that election
and obviously 2020 happened in four years of biden and then last year's election and
my observation of trump over the last decade it seems that one of his strong points is that he's
had his finger on the pulse of the zeitgeist especially when campaigning and in trump one
i think that was the biggest disappointment as he got in the office and sort of lost touch with
the zeitgeist and i think a lot of people are feeling miffed this time around because it was
like okay round two campaigning still has his finger on the zeitgeist it's going to be different
this time there's going to be new people in there but meet the new boss same as the old boss uh we
got fooled again yeah yeah all the all the groipers are passing around that felford again
meme you know i mean it's it is kind of like that and you know i can't blame it all on him
so back in trump one uh again the bar was a lot lower and hillary clinton was a terrible candidate
and the system didn't suck as bad for everybody like there hadn't been 10 years of like literally
DEI discrimination in the workplace. 10 years of offshoring has done a lot. The post-COVID economy
is really bad. And then the cherry on top, obviously, was the Biden inflation. I feel
like the Biden administration was kind of like at the end of the Roman Empire where they plundered
the treasury. That's kind of what the Biden administration probably was. And so everybody
hated Biden. It was wild that we went through this period of mass formation where Biden really
did, despite the fraud, turn out a lot of voters. He got a lot of people interested in politics
because they thought that Trump was the chaos and that the system and the adults can be put back in
charge and restore order. Like fundamentally, my thesis is that people just want order.
And so what was wild to see Trump, who was down in our polls, like six points nationally,
to then less than a year later, be winning by 10, like a 16 point swing in politics is
unbelievable. And so that was a complete collapse in trust for the institutions. Everybody thought
that Biden was going to save them. It was a complete rickroll. And, you know, where there
were chanting in stadiums, FJB, like just a year later. And so now the Biden administration was so
bad, like that you had the mandates, you had all the discrimination, you had the big bailout bills,
you had all the blatant and obvious corruption, the censorship, like it was really bad.
And then Trump basically wins on blowback for that. Like he didn't really have a unified message. It was like, hey, we're going to fix the border crisis and some other things. And then he got shot and he's like, fight, fight, fight. And everybody's like, yeah, that's my guy. But there was never really this like fight, fight, fight for what?
if you like you go back and look at mike johnson's like transcripts from early november last year
and it was like we're gonna get gas prices down and get wokeness out of the schools
and it wasn't like there was no unified like now we're going to deliver on x and here we are a year
later and everybody's like well why wasn't x delivered on well it's like that's a good question
but the republican party wasn't there again to fill that vacuum with product offering they just
they've it's the conservatives they've conserved nothing and now they're trying to conserve
conservatism but in my opinion conservatism is almost like a luxury belief at this point
it's like what is that really what we're going to do we're just going to keep like praying to
free market capitalism and hope this time it'll finally fix it all no they're you know we've been
through the offshoring layoffs then we went through the h1b layoffs well the ai layoffs are
coming. And so if you can't solve that problem, then people are literally going to vote for
universal basic income. I've done the polling and everybody in Washington, D.C. is like, oh,
under 40 voters are so conservative. We're finally winning on the ideals. Like, no,
you're going to lose. They even the ones that voted for Trump are socialists. They just they
just want order. They just want their problems fixed. And they are totally happy with voting
with mandami because you said you were going to burn the system down and they saw what you
were doing with doge they liked it and then you rug pulled them there's another rug pull
and it's funny too because the sort of vision they're painting and really leaning into is the
ai revolution which i'm a technologist i use ai i think there is something there but to your point
I think the reckoning with the disruption to the job market that's going to bring is completely necessary.
There has to be a conversation that has to be done tactfully.
But as we – earlier this week, the Genesis project was laid out.
It's like, okay, we're going to double down on this.
And then on top of that, you already have leaders of the AI industry and even the AI czar, crypto and AI czar, David Sachs, basically alluding to the fact that this is going to be backstopped by the government.
And so we're going to fund your replacement.
And they wonder why their economic messaging isn't doing great.
It's like people can't afford things.
And you're saying, well, you know, look at this boom of investment.
We're going to be the future of AI.
And everybody's like, well, you're just going to take our jobs.
Like my taxpayer money is funding the thing that will kill me.
And I don't think people want universal basic income.
I don't think people want to live in the pods and eat the bugs.
um but it's like again there's there's no product offering at all and it's like trump is leaning
into i said these words to him i said a lot to him but one of the things that i definitely
underscored was like there is an oligarchy here it's in charge and not everybody knows it but
they feel these forces and there's a lot of opportunity to smash the oligarchy instead of
like being surrounded by it and being a part of it um and i think that that again we're in a point
where I don't think there's any easy answers, but people hate big businesses even more than
they hate the government. And Donald Trump won because people hate the government. It's not,
it was not Kamala Harris. It was Biden's government. And the fact that trust in the
federal government got down to only 30%. Kamala Harris had 49% trust. You know, she won the vote
of half the country, 30% trust in the government. And she was the government candidate. And so they
voted for Trump and Trump's like, okay, cool. Now I'm the government guy. And you know, I don't
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back to h1b and big business i mean i think this is the issue of the year starting with christmas
eve last year when vivic put out that thread and then elon sort of popped on it as well really
um engendering the spirit of this is a good thing we need to lean into this americans
are stupid and lazy and i think that's been one of the most astonishing things that i've seen on
your ex account over the last three weeks is the amount of dms from people that have been affected
by this policy um which is big business basically using this loophole to import cheap indentured
slave labor essentially and not only that but the the whole idea that the talent doesn't exist here
in america we need to import it i think is objectively false the end products that come
out these companies are typically way worse than they were before this program existed
yeah i should tweet something about that i mean i came out of the tech industry most recently
and i worked at a big corporate gig at well i worked at jet.com which got acquired by walmart
and so i worked in walmart e-commerce and objectively the cultural aspects of the indian
engineering that they import uh create significant amounts of customer friction this is a high power
distance culture where problems are buried because nobody wants to get fired and my job was to
unbury the problems and they were if you've ordered on walmart and your orders got messed up they sent
you the wrong item it got lost it's blah blah blah there's a four and five chance that it was
because of technology problems caused by legacy systems and bad engineering and low quality
control. And that's happening, I think, at every major Fortune 500. And systematically, this is
like part of the political calculus that I think most people under 40 fundamentally know and that
everybody in DC is just like completely retarded on. And so if you look at H-1Bs, the program's
actually really popular. People love the H-1B program. It's like 65 to 30 or something like
that. And that's because I think fundamentally people are still like sort of coded to like
immigration. And they, they like the idea of taking talent from other countries. But then
if you ask them, well, okay, our corp, do corporations really need this talent or are
the corporations gaming it? And people are like, oh, they're probably gaming it. Last time we
checked, it was 48 to 38, I think. And then if you give them the Laura Ingraham quote that we
have the talent and we don't need to flood the country with labor from everywhere else. They're
like hell yeah we don't do that like two to one so the problem in dc is that they'll just take
the headline that everybody loves the h1b program because it allows them to like help their corporate
interests they can say hey like i can help you out we'll do this and the corporations do this
and it's so much more pervasive so you have all these people where there's real high severity
because they had to train their own replacement but then it's even worse because it's like this
boot of discrimination on everybody's throat. People don't talk about this a lot. The H-1B,
in my opinion, a lot of it isn't just the lower wages. It isn't just the subservient workforce
because you're going back to your country over people's heads. I think it's also used in order
to lower blended healthcare costs for these employer plans. Because if you want to replace
the old people with young people, well, it helps to have a bottomless well of young people.
And they don't even do the math that like Walmart's, I think Walmart's engineering is
over 60% foreign national now, biggest country company in the U S by revenue and over 60%.
And that's the national security threat.
If you think about it too, this is happening at Google, it's happening at Amazon, it's
happening at Microsoft, it's happening at most of the banking industries have given
their technology over to the rest of the country.
And the Republicans are like, sweet, this is great.
My donors love it.
And again, it's a popular program. But anybody who's touched it, who's tried to get a resume through an HR Karen, like just knows that this is manipulated. These people lie on resumes. And then and so when Trump comes out and he uses billionaire talking points to defend the program, that's like the biggest failure of not understanding the core base and their needs.
And unfortunately for them, they don't like to acknowledge the fact that a lot of their
core base is young men under 40 who have been the doormat of society for the last 10 years.
They've literally been pariahs of the, they've been political pariahs and the Republican
party won't embrace those people.
They'll turn their backs on those people because of like some stuff about Israel.
And it's like, that's the problem.
Like you're going to, you're going to lose.
there's going to be major political upheaval because these people are still being driven to
extremist situations. And, you know, you talked about the horseshoe, the horseshoe theory of
politics is a real thing on the right. This one's wild. It'll blow your mind. We've pulled a lot
about voters under 40. And in the last set, we asked people, well, you know, AI is getting more
advanced and people are frustrated with government. Would you support giving control of government,
governance and lawmaking in the United States to an advanced artificial intelligence.
And it was like 41 to 50, I think. But the people who supported it most were conservatives,
under 40 conservatives were like, yes, please put us out of our misery. Just let the AI take over.
We had another question about would you give control of the military to AI?
And under 40 conservatives are like, yep, by a plurality that they're like, let's build Skynet.
let's just get it over with it's just wild and these people and they're being completely ignored
they're oh it's just a couple of groipers like no there's about five to ten million of them
and they were the initial core of the reason trump got elected in 2016 but like and again this is
just wild because like anybody who watches asmund gold or like the shoe on head just put a really
great video out like anybody on the internet like fundamentally kind of gets this and every single
human i've talked to in washington dc just has no idea at all it's it's just the disconnect is
so bleak they are not serving the people were they shocked when you were bringing them this
information so i had well i went down there i co-hosted a co-host of war room and then i had
like three meetings so i did the white house and literally nothing i said was anything that was a
surprise to JD Vance. So that was good. Like he gets it. He was the one that's trying to bring
more voices in. And I think Trump gets a lot of it too. But again, he's surrounded by Fox News
talking heads and billionaires. And then I went to the RNC and I wasn't there long. Joe Grutter
seems like a nice guy. I was told that Joe Grutter is more of like a MAGA loyalist than prior people
were there. But the organization itself just seemed kind of like out of touch. Like I got this
very, Hey, we have the right message and we have the right set of values. So we just need to vote
harder. And it's like, no, no, you're going to lose. And then I went to the capital partnership
Institute, conservative partnership Institute. It was like a nonprofit think tank. I think it's
Mark Meadows set it up. And the idea is to like, take the youth Republican staffers and feed them
into this hopper of like true conservatism, I guess. And this is, so there was like about 40
people in their, in their twenties, mostly who are supposed to be like the core conservative
in Washington, DC. And I feel like they really wanted to hear my message. I spoke a lot about
the fourth turning, about burning, burn it down politics, about how the right is outclassed and
how long-term everybody's wants to go social and blah, blah, blah. And they were open and receptive
to my conversation, but I could tell they hadn't really heard it very much. And none of them are
fighting the info war that none of these people are on the internet at all. They're super, super
like afraid that they'll say something that will get back to them in a Senate confirmation hearing
or something. So like even the conservative in Washington, DC doesn't really necessarily
represent and conservative in Washington, DC really still does mean this like economic
libertarian uh social conservative aspect that is an offshoot of like old heritage foundation
and stuff like that so like they're changing they're trying to change i think like i can see
the initial steps but it's just so glacial when it's up against a very smart and unified machine
like i think the democrats are starting to realize that they they can actually win without being
insane. Like, I don't know why they were ever like that, but you know, like that's, I hate to
be kind of reductive with a lot of this stuff, but I think the polling backs it up is that the
Democrats really will just win by not being retarded. If they stopped backing the climate
change stuff so hard, they stopped with all the gay stuff and literally were just like,
Hey, kitchen table stuff. Like maybe it wasn't smart to like, try to say we should defund the
police, they would just win because they have a brand advantage. They control the institutions
and government. They're actually positioned in many ways to deliver better than the Republican
Party is because the Republican Party is just completely ceded control to the Democrats.
And obviously, the Democrats have done it by arbitraging taxpayer money into NGOs and
centralizing everything and having a ubiquitous message and punishing people that didn't toe the
line. But that's the problem is that the right is like, completely, it's like herding cats to get
anything done. It's just complete asymmetry, asymmetry, where the left is this just organized
machine. That, again, I don't know why it's been as weird as it has, but it, I think it's going to
learn from that. And you just look, they're embracing their youth movement, and the Republicans
aren't. Democrats are becoming increasingly socialists and Republicans are very conservative.
But what you don't mean like the socialist wing of the Democratic Party is their youth movement
and it's being leaned into. They're starting to get that now. Like Chuck Schumer is the old way.
He's going to go away. Nancy Pelosi is gone. It's going to be like the squad and Mum Donnie.
It's going to be people like that. And to be honest with you, when I've done the head to heads,
jd vance polls very well the only person and it was a couple months ago but the only person that
ever beat him in a matchup so far bernie sanders so and driven entirely by his name recognition
with the youth because they think that he will change things so i i think jd vance has a good
message too again the problem is is that it's not the message of the republican party no and to your
point about the democrats if they wise up and distill everything to kitchen table politics
if you just look at mom donnie's campaign particularly the social media aspect of it and
they're able to apply that to whoever they want within the party it's going to be game over
if there is though if they can apply that kitchen table democratic politic in the way which mom
donnie did on tiktok and all the social platforms it's not going to end well
Yeah, it's just really weird. And the right is like fiddling on the Titanic because they'll pound their chests about conservatism and traditional values and individualism and like all this stuff, right?
We asked the question, what's better, capitalism or socialism? And everybody says capitalism still, even under 40. They say, yeah, capitalism is obviously a better system. And then the under 40 Trump voters, three quarters of them want to nationalize major industries. Almost 60% of them want excess wealth confiscation. You know what I mean?
And so it's like, they like capitalism, they just, they know we don't have it. And so,
of course, they're going to vote for a Democrat socialist. Like, why wouldn't you? Let's try
something new. Old way isn't working. Let's try something new. And like all of DC is just going
to be blindsided by this major political shift. Like, I think there's a very big age aspect.
It's probably even worse than the Republican Party. But when you look at everybody in Congress
and the Senate, 60% of them are boomers, and only 14% of them are millennials. So that number is
going to change over the next 10 years a lot like a lot boomers is probably going to be down to like
30 millennials is probably going to be up to like 40 45 then you throw the zoomers in there they're
going to get pretty close to half soon so you're going to see things like a whole nother look
at social safety nets so when you bring these things up online it's really fascinating in my
opinion and this gets back to the fourth turning stuff is like when you look at the responses in
the arguments it's very easy to spot a boomer response and unfortunately the republican party
is basically the boomer party um very much still controlled by those types of people
and what they say about the under 40s is well they just need to work as hard as i did
or they need to like walk their resume up to their the boss and hand it to him personally
because that worked for me back in 1972 uh why can't they just move to a different town
or maybe they need to take on another job or while you know just stop taking the medication
and maybe you won't be so crazy you know what i mean it's like it's like that kind of thing
and i see it all the time and i i try and push back and it's like you know you're not helping
you're not helping well it was tough for us you know what i mean we here's the one that gets me
it's like well you know i paid into social security it's like okay but these people aren't
going to have social security and they're still paying for yours so i wouldn't talk about your
social security check i would pretend that like it doesn't just be quiet about that you know have
you heard about the day of the pillow uh i have heard people tweeting about but i haven't dove
into it it's like 4chan green text lore uh that millennials apparently have and i'm like i'm like
right on the edge between x and millennial so i'm a zenial i kind of call myself like switzerland
in this whole thing like i don't have a side but the 4chan text was about how all of these boomers
that had like a really really great run in america you know and they'll say they didn't but they did
They really did. They grew up in a great time. They had a really great corporate experience.
You know, sure, some of them got sent to NOM. That was bad. But they got to experience like
the good parts of society fraying, which is like, you know, breaking out and experiencing
all this new stuff and not really any of the bad parts. And they're going to get the full
they're going to get the full social safety net treatment. They're getting the best that
Medicare, Medicaid and Social Security has to offer. Great retirements, awesome health care.
Think about that. Think about the health care technology boom that's going to extend the life of boomers that our country can't afford to supply to the millennials and Gen Z.
And and they'll say, well, you know, I paid I paid this.
So the green text is basically about all these boomers sitting around in nursing homes that are going to be staffed with legal aliens that the boomers brought in.
And, you know, some immigrant who has no ties to the country and no financial future, who finally just puts a pillow over their face.
It's really dark in the in the home, you know, after they strip mined America.
But, you know, again, it's dark. But what's that has morphed into is that there will come a time in the next 10 to 15 years where the zoomers and millennials will have the political power to to shut off the social safety nets or make a major change or redistribute wealth or whatever.
And we're kind of on that cusp now because in the White House, for instance,
you know, housing market is a crisis, crisis levels. They say it's a crisis in the polling.
The under 40 voters, like 75% said it was a crisis. Only it's only in the teens. They said
no. And most of them think they'll never be able to like get a house. And then that's backed up by
the data. The National Association of Realtors put out the first time home buyer chart went
about 40 for the very first time, like right on election day. And it's just shooting up.
So basically right now our real estate markets, it's just boomers selling houses to boomers.
And, you know, I go to the white house and I say, well, you got to stop talking about
like Turkey because people can't afford a house to put the Turkey in. And he's like, well, yeah,
you know, but a lot of people, a lot of people really are worried about those home values and
they want to keep them up. I'm like, well, yeah, I agree with you, but you need to get the vote of
the under 40s. And the housing market is a deal breaker for them. And so I said, like, what would
have maybe been prudent is a controlled detonation in the housing market. And that would have
actually been a wealth transfer, it would have been a generational wealth transfer, it would
have destroyed the paper gains on boomer balance sheets, and transferred like, you know, assets
that the whole new generation could grow into and that's not even on the radar like that that's not
even and it's because you put bill pulte in charge of housing you put bankers in charge of banking
and and like the bill pulte plan it's a joke your mortgage is insulting it was like jamie diamond
and the like home builder lobby built the best plan to not only is it not a solution it makes
things worse. So it increases demand for housing without increasing supply. We all know what
happens when you do that, right? Pricing goes up even better, which is better for who's that better
for? Bankers, home builders, investors, and boomers. And then the people, the zoomers that
do get into the market are going to be buying in at the peak, helping a boomer cash out, right?
And then saddling them with 50 years of being underwater. Right. And and then they're going to pay more interest to the banks. Like literally everybody wins. But the under 40 voter and Bill Pulte might be a nice guy, but like you should fire that guy. Like that was dumb. And you like you had one shot to do this right. And again, you got to smash the oligarchy, not be the oligarchy.
And and I think most people don't understand the deeper problems here.
But when the entire Internet is laughing at you.
Like there's there's a problem.
And I mean, the mimetic framing of it alone, you have Trump next to FDR.
It's like, hey, buddy, don't you realize that that was the guy that incited all this welfare state nonsense that we have to put up with today?
That's right.
And you know what Mamdani is going to be if they, you know, wave the magic wand and find out he has a birth certificate from like Des Moines or something.
What what they're going to what they're going to do with that guy is try and make him into the next FDR, which is even more ironic.
Right. And I mean, I was even taking my swipes at it.
I said Trump's plan for affordability was the was three year loans for turkeys for Thanksgiving with no money down, three year loans for the turkey.
and people were like i don't know i might have to trade down to a chicken this year it's like
so i mean it's like we've done a public private deal with after pay don't worry we're gonna get
you the best rates it's uh no sup freaks been seeing a lot of youtube comments marty your skin
looks so good you're looking fit these days how are you doing it well number one i'm going to the
gym more trying to get my swell on trying to be a good example for my young son to fit
healthy dad but part of that is having a good regimen particularly staying hydrated making
sure i have the right electrolytes and salts in my body that is why i use salt of the earth
i drink probably three of these a day with one packet of salt the earth i'm liking the pink
lemonade right now it's my flavor of choice uh this is their creatine i've added this to my
regimen they have it in these packets as well uh makes it extremely convenient if you're traveling
you want to work out while you're traveling but you don't want to be carrying a white bag of powder
going through tsa it's very very uh nerve-wracking at times you have to explain hey it's it's not
what you think it is it's creatine i'm trying to get my swell on um make sure you're staying
hydrated i have become addicted to these it's made my life a lot better i can supplement this
for coffee in the morning and be energized right away i can supplement i can bring the
creatine wherever i need to just put a couple packets in here before i head to the gym bring
this to the gym drinking out of a glass bottle make sure i'm not injecting any microplastics
into my body go to drinksote.com use the code tftc and you'll get 15 off anything in the store
that's drinksote.com code tftc all this and like i said before we hit record it's as a millennial
in my mid thirties, young family about to buy my first house. And I'm fortunate that I'm going to
be able to do so, but I think it took too long for me to get to this point. And you look at
everything we've discussed and you mentioned it earlier, this is late stage capitalism.
And I would argue this is like late stage fiat, like all this that we're talking about emanates
from the fact that we can print money and throw it at whatever the hell we want. And so when you
look at the housing market specifically this is one i like to focus on because the boomers are
using their houses as piggy banks and just riding the wave of currency debasement which pushes up
the value of their houses um more than the pace of inflation and this is what really wears me
about the current political climate with everybody running to the polar ends i think people running
to the polar ends and that's being incited by this economic stress that exists and so you're
seeing this economic populism manifest in two different forms far left far right and really
you're just swiping at the symptoms of the problem and not getting to the core of the problem so i
don't know um what your thoughts on sound money like me personally like that like this is what
i've dedicated my life to is i didn't start out prefacing it in a political way but increasingly
so over the last decades you've been sort of forced into the political realm it's like hey
guys get yeah i understand there's a lot of economic stress the right you're mad that the
immigrants are taking our jobs that you can't buy a house um the left i understand that you think
the corporate oligarchs are taking all the wealth you're right both of you are right to a certain
extent but the solution to this problem is not overt communism or um having a strongman fascist
come in and physically remove people that you disagree with like there is a core to this problem
which is the money and the fact that you can print it and throw it out whenever you want
and both sides are doing it so i wonder if i have let me see if i can pull up anything while i'm
talking here is one of the problems is, is that I agree 100% with you that there is like a problem
there. But one of the things is that it's so abstract to your average voter that they know
they're getting screwed, but they don't know why or who. And so I think that this anger goes to big
corporations and it goes to government and not necessarily things like the Fed or the monetary
system. I got trying to find if we've even pulled on it. Now, I am hopeful about the right in that
if you remember, and again, I don't have numbers on this, but one of the things that people were
happy about on the internets when Trump came in was that we were going to audit the Fed.
We were going to go after the DOD. We were going to take a look at the IRS. We were going to like
look at all of these systems, the system, right? The oligarchy. And I also think too,
is that there's increasing anger on the right at the corporate oligarchy as well. A lot of people
who say like, Nope, this is not free market capitalism. Like we, you know, if that was true,
if it was the left that hated the corporate oligarchy, I mean, we pulled on big businesses
and the numbers were of people who didn't trust big corporations was 60, 70% among Republicans.
It's almost as high as the left. And then I think there is this aspect of like the horseshoe theory
of politics, which is like, okay, it's not a ref right left spectrum. It's like when you add
another layer of like authoritarianism, then the extreme right and the extreme left become
a lot closer together. And that is true. That is really true. Because again, look at the under 40
voters who would put an AI in charge of the government. And look at the under 40 voters
who would nationalize Trump voters who would nationalize major industries. And what's kind
of wild too, is that the accountability signal has been strongest among the youth vote.
So they were the people most likely. OK, so they, for instance, take things like the Autopen scandal. They're following it less closely than other people. But when you tell them what it is, they're most likely to say they're concerned about it and they're most likely to want arrests.
So it's like the arrest signal in these things like Autopen, you know, impeaching the judges, Arctic Frost.
It's like a three to one signal among under 30 voters.
And they also were most likely to agree with the Trump quote that he who it was the Napoleon quote, he who saves his country violates no laws.
So I do think that if Trump, like some of my feedback would have been in the march to do more of this, to play fast and loose with the law, to ignore some of the judges.
And I think that that would have allowed him to sort of enter this higher plane of governance where people would have been happy that the system was being fixed.
Like, I think that people would have forgiven a lot.
Now, part of the problem is it's like, OK, well, you did everything with Israel and Epstein and the one big, beautiful bill and the government shutdown.
Now, here you are with weakened political capital. And I don't think you can get away with it again anymore. And so I'm not calling for like a dictator. And, you know, I'm just I'm just saying it's like also the Constitution is not a suicide pact. And we are getting to a situation, in my opinion, where we're really people are really concerned about political violence. It's like 90% of them, especially on the left. The left is very concerned that the right is going to become violent.
Um, 43% think a civil war or revolutions likely in the next few years, that number keeps going up.
And, uh, people, this one's kind of wild. We asked people who's the biggest enemy facing America
and like China wins, but the Democrat party is number two and the Republican party is number
three. No, actually, I think we had one where the Democrats were number one. So it's, you know what
I mean? It's, and people are overwhelmingly more concerned about domestic terrorism instead of
like foreign terrorism, which is why these arguments that Israel is using, like, hey,
we're keeping the terrorists away by, you know, they don't care. They're literally worried that
we're going to start shooting each other. And so again, like, I don't know where that goes,
but it's on both sides. And this is what happens when all the institutions fall apart
and the existing institutions are incapable of dealing with the problem is that you get
new institutions and new value sets. This is the fourth turning. This happened time and time
again. The country was kind of messed up. Then we had World War II. Everybody got on the same page.
They punched Hitler in the nose and took out imperialist Japan. And everybody formed a new
value system based on us being like the shining beacon of democracy superpower to the rest of the
world. And now we had a good run off of that. We had a good 50-year run. Same thing kind of with
civil war, right? You know, like we built a new country and we had a whole new set of values. And
that's what happens is institutions decay, there's fighting, there's a solution, and like a vacuum
gets filled. Like that's my theme here. There is a vacuum and it's going to get filled with
something. It would be nice if it got filled with a competent conservative Republican party
that was like willing to get its head out of its rear and not listen to the billionaires
and actually listen to the american people i just don't think we're like just don't think we're
there yet you know not only would it be nice i mean it's completely necessary to your point about
that opportunity earlier in the year for trump to really lean in and sort of throw some degree of
due process to the side i think people myself included would be okay with that because i think
it's become abundantly clear to me at least that we live in the age of anarcho-tyranny i mean what
just happened in minnesota earlier today the judge threw out the conviction of people who
were scamming some sort of um some sort of government subsidy program and that's like
this part these people were convicted by a jury of their quote-unquote peers wanted to find them
as peers but um found guilty supposed to be sentenced to go to prison and then judge comes
in at a left field and says no and turn the conviction out it's like we don't have justice
in america anymore which is incredibly scary and does leave open an opportunity at least in my mind
for a somewhat strong man to come in and say hey no if we're going to live in a society if we're
going to have this contract between the government and the governed like we need to uh enforce the
laws that we're all agreeing to here and that's completely getting thrown out the window
what do you what do you think a solution is to that
um i mean this is controversial in the bitcoin space too but i you just look at what bouquet
bouquet lee's done in el salvador the last three years like yeah it's yeah i mean you
gotta attack the corrupt judges and actually throw people in jail like this whole um i mean
it's becoming abundantly clear if you're online like a lot of the gruesome targeted deaths towards
white people and white women specifically are being um being uh sort of waged by people of
multiple criminal offenses like this three-strike policy should exist what's the stat if you were
to enforce the three-strike policy violent crime would reduce by something like 80 percent
oh i hadn't seen that it makes sense makes 100 percent sense you know that was powerful the uh
the it gets glossed over by the charlie kirk assassination but we polled on arena zarutska
and overwhelmingly i mean obviously people thought the guy was guilty but when you pull
on the capital punishment like that's a pretty profound question like a lot goes into whether
you think that criminals should get killed or not uh you know a lot of value things and worldview
and stuff and capital punishment was popular last time we pulled it by like 49 to 36 but after that
killing, it was 60% to 20%, including a majority of Democrats. It was plus 70 among Republicans.
Capital punishment is super popular among evangelical Christians. So people are fed up.
I think that's one of the signals. The problem with, again, the Bacali approach is that there's
still a lot of risk because there's so much backbiting on the right. There's a lot of risk
that whoever does this is going to become like a pariah or get, you know, the system's going to
turn against them or like there's, there's still too much risk and not enough upside. And I'm just
thinking pragmatically about like, why don't we do that here? And so at the same time, what I see
from the conservatives is they have no answer at all. I've heard a lot of people conjecture about
what Congress could do, for instance, about judges like Boasberg, and essentially they've done
nothing. And so even you have Elon Musk, who's an important voice, he's a massive voice,
screaming about all these corrupt judges. And unfortunately, in my opinion, if you don't have
a political system that is capable of holding them accountable, and you don't have the balls
to pull a Bacali, then the right way to do is probably to think like an accelerationist,
think like the left. And look at Comey. I understand that the indictment of him was
pretty quick but you also have to acknowledge that it does appear like from a criminal
accountability perspective the trump administration has been careful to cross its t's and dot its i's
right it's like hey we want this stuff to stick well no you should just be spamming indictments
like just put all throw all these people in you know at the court system and see what happens
the idea is like hey like you know the indictment has to have weight and there should be some
supporting evidence and just let the court system revolve these guys, the revolving door right back
onto the street. At least the Americans will see then that our court system is corrupt. You have a
constant signal that this system is worse than you thought. The system is worse than you thought.
And we don't have that. Instead, everybody's anger and rage is at Pam Bondi for doing nothing.
They could have been arresting one person a day, one big important person, and they would still
have another three years worth of arrests to do you know what i mean like yeah we could you know
arrest some of the people in the pharmaceutical industry and i i understand the pharmaceutical
companies have like you know you gave them immunity but so what like they murdered people
like so what uh you know there's plenty of corporates that have done bad things i mean
probably plenty of plenty of scamming of the coven money uh just you know at a certain point
it's well i think this is what it comes down to is it's like okay you kind of ran on fixing the
system and now you are the system yeah and so they're the anger is being directed at them and
not at the parts that are bad it's like yeah sure everybody hates bozberg but it's like no this is
everywhere this is literally everywhere there's soros da's everywhere the law enforcement is
probably way more corrupt than anybody knows and so if you can't fix those problems i guess you
just got to make them look worse yeah and nobody will even do that that seems like the path towards
acceleration is the path that's been chosen uh which again it's a father with young children
not ideal but i mean to your point about covid too i mean that's one thing that's passionate i
had to escape to texas for four years because it was crazy here in the northeast and i mean
multiple parts of covid uh i mean the lead up to it we funded the research that created the virus
in the first place then we shut the economy down hollowed out the middle class even more and then
trump's guilty of it like inciting operation warp speed and basically telling everybody to
disregard everything they've been taught about vaccines and how it takes a decade to test them
and don't worry this one's nine months out and you gotta get it if you don't get it you can't
go to a restaurant can't go back to your job basically putting in the arms of 80 of the people
in the country and 12 to 18 months later people start dropping like flies turbo cancers through
the roof like there's been no reckoning for that what i would call crime against humanity
a lot of which the the pharmaceutical companies were in the middle of um
yeah it's completely and our criteria again it's yeah well that's the thing it's like you get
rightist accelerationists or leftist accelerationists and the leftist acceleration is to
force the system to to its like brutal max corruption and if if the right doesn't answer
back then that's what the left is going to do next time they get in office and i hope they'll
be more sane but i assume we're just going to see more people thrown in jail and more uh censorship
like i just i go to sleep at night and i just picture elon musk standing in front of congress
defending twitter against all the people who are accusing it of being an anti-semitic platform
and that we have to stop all this hate against israel and look at the way the polling turned
against israel and it was wasn't it crazy how it was like elon musk's bots and now we have to
now we have like an anti-semitism crisis in america and we have to shut down twitter and
it's like you know what i mean and it's like okay well the one beachhead of actual open discourse on
the internet is now gone and everything's going to be like reddit again and that's where i think
like your peak psychological warfare is happening on these like internet on ramps into this online
like youth liberal monoculture that's marxist and they like the right has no idea like homer had the
ceo of reddit on capitol hill and i don't even think they asked him a tough question you know
it's like meanwhile you have people going on and getting onion links to the deep web to
learn how to make like bombs with antifa and and they're declaring antifa a terrorist organization
and i'm not doing anything you know reddit like what are you doing it's bad man since you're close
to the source of the sentiment of many americans but i think particularly for this conversation
in the younger generations what would be the broad brush sort of policy that you or policies
that you would recommend i think starting because that's the one thing when you look at mamdani and
the socialist left it's becoming clear that they're running with this economic populism
affordability crisis meme and it's not a meme it's reality they're leaning into it and i think
the right has an incredible opportunity to lean into it as well they just completely
shit the bed in terms of forming a coherent narrative and policy around it
um like there's pie in the sky and then there's like within the actual realms of possibility
uh i mean the problem is just so bad i've proposed fixes like
some of these sound really stupid, but I think that they would go a long way. It's like, okay,
pull Barron Trump out of Columbia, make him deputy chief of staff, get that guy in the White House,
put Trump on the podcast circuit again, like let him sit in front of Joe Rogan.
Joe Rogan's going to choose, you know, like it's not going to be as cushy of a discussion as it
was last time, but it's going to make Trump actually acknowledge like why he ran in the
current state of things. Like he needs to get this feedback continuously from multiple people.
They probably need like a coalition of young people in the White House to talk to Trump every
morning. And for God's sakes, he should never listen to a single Fox News talking head ever
again, because that's the globalist wing of the Republican Party who literally, in my opinion,
helped destroy America. And certainly Fox News is not, you know, a pro-Trump organization. And yet
He just loves these people. And so that's like one. Two is like. I laid out the plan. It's like, again, I think any plan would work as long as you say we're restoring the American dream, we acknowledge the Republican Party's role in it and we're going to fix it together.
And this is what we're going to do. And it's going to be a long term plan. We're going to deliver on this aspect of it. And it includes massive cutback on immigration, punishing corporations for illegal labor and for undercutting American wages. Punish corporations is a very, very, very, very, very, very, very big part of this.
I would triple the size of the Department of Justice antitrust wing and sue every corporation
in America that is offshore jobs. But, you know, put a tax on them. Use the IRS, put payroll taxes
on every offshore worker. Like, you know, the entire CPA industry is like 50, 60, whatever
percent it is offshore. You know, and what's going to happen when you do things like this,
the stock market's going to crash. And I think people are okay with it as long as they have a
light at the end of the tunnel. It's like, hey, we're going to fix the housing market.
You know what I mean? Yes. Yes, your housing value is going to come down. Why? Because we're
going to build 5 million homes and train you how to do it. And we're not going to do it with any
illegal labor. And we're going to get rid of 5 million people that are from other countries
that shouldn't be here. And it's like, and again, they're doing some of the stuff. The H-1B fee
will be part of this plan. But it's like Trump doesn't even know the H-1B plan, the fee exists.
He probably doesn't know about Project Firewall and why it's happening and who's running it and
what the goal is. And so that's one. And then two is like, hey, we hear you. When somebody gets
assassinated and nobody trusts the FBI, it's because the FBI was corrupted and we just put
another person in charge of corrupt organization. And so we're actually going to reform government.
Here's our plan. It's going to be visible. It's not going to be transparency because transparency
he just pisses people off more. Oh, look, the CIA is just as bad as I thought it was.
No, we're going to go through a very systematic internal investigation, public airing of evidence
and firings. And it'd be great if you threw him in jail too. But you were going to frog march the
people out of the IRS, the DOJ, the Department of Defense, all these people we all know are still
there. And it always should have been predicated on fraud and abuse and corruption and misuse
of you know and and not on downsizing the government it's like you know doge that that
was great but this is about restoring uh trust in institutions for the american people
and obviously people are going to cry about it that's the point the point is for people to cry
and uh like i think that two-point plan right there if you could and again if the republican
party is not going to play uh i think a lot of people on the left would be behind this i would
i i think you see increasingly people like ro khanna and maybe even mom don like people like
that willing to lean into this like it's kind of the stuff that elizabeth warren and aoc have
been saying but obviously they're not true believers in the stuff they say but that's
what happens when you have a political realignment and so the republican party can either like play
ball um but like the idea that somehow john foon's like pharmaceutical backers should be able to like
prevent us from reordering the cost of health care uh you know like that that has to go away
and if he's going to stand in the way then you have to be very specific about why these people
are blocking you it's not mtg she's going crazy look at this she can't be trusted as a reliable
MAGA vote. Like, no, be very specific about what the problem with her. If you're going to fight
your own party, you have to be fighting the broken system and force Republicans to pick a side. Are
you going to be on the part of the party that's fixing this? Or are you going to be on the broken
system side? I would love for somebody to freaking rail on Chuck Grassley right now for going to bat
for the big ag and the pesticide industry, people that obviously support him because of where he's
from when you have people like Cali Means and they're looking out for the health of the people
and passing regulations that try and keep cancer causing agents or whatever, you know, like these
kind of things. And unfortunately, that's going to take a Manhattan project in order to do it.
And the window is closing. Oh, the third point is that they need a half a billion dollars to fund
a shadow RNC to fight the state and county level Republican parties and basically tie knit together
all the grassroots volunteers group in front of an organization that is intentionally built not
to cipher donor money. So it's like, it's great you got Gruters there, but he's not going to be
able to fight against all of the establishment Republican scumbags spread out across the
country. And all those people do is just run crap candidates so that they can maximize the
amount of like donor harvesting money that they get out of the NRSC, the NRCC and stuff like that.
So that's how you could fix it.
And I think it's possible, but I think the level of will is just not there at all.
And it's like, OK, probably pie in the sky to think that somebody is just going to cough
up a half a billion dollars for Republicans to fix America without having any personal
interest, because that's all Trump's donors.
He says this.
He said he told the world in a speech about Miriam Adelson.
Like he said this.
That's how it works with every single one of them.
it you know so that's that's what i'm like again i don't think that's too retarded of a plan i think
it's achievable uh it's just a matter of will it seems very uh i mean on the surface at least
it seems very simple and even keeled maybe not even killed but like uh it seems like it would
answer a lot of the questions and a lot of the frustration that exists in the younger voting
base right it'll certainly be more appealing to me than what's going on right now and i mean
the extent of like i don't really get too engaged in the dynamics of the republican party and the
donor class uh the incumbent donor class there but i've seen it up close and personal with our
industry i've been going to dc a lot um talking to politicians and some think tanks about bitcoin
policy and just seeing how money is corrupted um policy as it pertains to bitcoin and broader
crypto is nauseating if you have money you're going to get in the room you're going to be
sitting at the table um pushing your wares um at a hyper critical time for this industry
in the country and it's just become obvious from my perspective of what i've seen in bitcoin and
runner crypto that the money talks more than it's way worse than you know it's way way way worse
than you know there's a really good article in the guardian that came out i think about a month
and a half ago and it shows how interests on the right work and uh what i kind of say is that the
democrats are the party of big government and also corporations and republicans are the party of
corporations and also big government and uh like this really lays it out so uh you know there's an
aspect of corporate welfare on the right and a really big lightning rod of it is the whole food
stamp program so it turns out that out of the like 120 billion a year we spend on food stamps
like walmart winds up pocketing a cool like one quarter of that in revenue goes straight to
walmart and that like apparently between 10 and 15 percent of coke us's revenue comes from food
stamps as well because a lot of it gets spent on soda and so this article lays out like i don't
know if you remember, but back in March, there was a period where all these influencers got
caught shilling for Big Soda on the right. They used this website Influenceable. Well,
that was actually only like one prong of a much bigger strategy. And so this article lays out
about how the American Beverage Association, which doesn't really care about politics at all,
other than what can it buy, said, oh, well, Republicans are in office and we want to keep
our food stamps. And so let's get Republican lobbyists because Republicans are in office.
And so they went and found like Republican influencers and Republican lobbyist groups.
And the article says, well, it was actually really super easy to convince everybody in Washington,
D.C. to support continued soda and food stamps, barely an inconvenience. All they had to do was
like hold the check in front of them, you know, or threaten to pull their funding or whatever.
But the real problem was at the state level. So the article literally just glosses over how easy
it was to purchase Washington, D.C. by an interest group. And the problem is, is at a state level,
it's hard to purchase state legislators because there's just too many of them.
And what was happening is that states were passing laws to remove soda from food stamps,
Republican states. So they went and they spent $2 million on a Republican pollster.
And I can just tell you that that's a ridiculous amount of money. Our revenue line, I think, combined for the last four years isn't probably even two million. And and of course, the results found that imagine that Republican voters just love people buying soda on food stamps.
you know, they probably use some like BS libertarian arguments in push questions or
like however they did it, but they got the results they wanted. And then they bring them
to Republican governors and say, well, you don't want to make your Republican voters mad. And this
bill that you're about to sign, it's going to be bad for them. And so you shouldn't do this.
And they were successful in killing this legislation in multiple states,
saving probably hundreds of millions of dollars of soda industry revenue, a really big return
on investment and then we went into the field and found the exact opposite like no republicans don't
like people buying sugary beverages on food stamps like that's stupid why would and you know like
anybody with a brain knows that but it took us pulling out of our own pocketbook to go out there
and say like no you're not crazy americans aren't stupid this is retarded but that's not how the
republican party works yeah i mean every school friend you drink soda you get diabetes you drive
up everybody's health care costs it's pretty simple the health industry loves it too i'm
surprised they weren't lobbying for it yeah you know like rot those kids teeth out man yeah it's
um incredibly disenchanting this whole conversation the uh because that's that's
one thing we have here never doom there's always a way out obviously that's become a
some circles of the uh of the social media realm particularly in the last two years and
that's one thing going back to what you said earlier of people and again what i focus on
is like again i think a lot of this economic stress stems from the fact that we can just
print money and people simply need a better form of money to save their wealth in and earn their
wealth and i think bitcoin is that but to your point earlier people are just completely
unaware of the dynamics of money how it works and this is more of a ramble than a question but like
how do we and that's part of what i try to do here is like educate people about it we've had
success but not at the um not at the scale that's necessary to really make it clear to most
americans that this is the core of the problem it's like how do you shift focus towards this
part of it well one of the things that i'm looking forward to seeing is that what will be the
response. And I don't know yet. We're going to pull on it to, to Donald Trump's $2,000 check.
And I really have no idea what the result's going to be, but I think it'll be telling
if the young people are like, screw this, I hate it. It'll, I think it'll be telling,
you know, there's an aspect of like, again, any Republican party that is fixed on solving these
issues would have a broad basket of wealth inequality measures with which to gauge their
success. That's how you would measure it. Not the stock market. Donald Trump's still fixated on the
stock market and that's not how you win you actually have to like you give people america
back which means that they need jobs they need houses they need all these things right
but they're if you look at these metrics it's really fascinating and one of the ones that i
found on fred and i should not like i got my mba but i'm not an economist you know i'm just a guy
that's asking people questions so and our country our company is very small i have very little time
I shouldn't be the one dicking around on the Federal Reserve database, like trying to come
up with ratios to measure why people are pissed off.
And yet I've discovered ones that people haven't even contemplated.
So one of them is to take per capita total public debt, so just split up all the debt
by Americans, and then divide it by median real income.
And so that's like, okay, well, how capable is your average American, the middle American,
than paying off their share of the government's debt. Because it's like, okay, well, the stock
market's gone up. Well, has it gone up more or less than the amount of dollars printed? Like,
oh, hey, the housing prices have gone up. Well, has it gone up more or less than the amount of
dollars printed? Like, it's hard to know. The debt's gone up. Are we doing better? Are we doing
worse? It's hard to know, right? Well, when you look at it this way, what's weird is that
the ratio is pretty stable at about 0.5, 0.6 area, which means that the average income was like,
okay compared to the per capita portion of debt well about 2005 2006 it's a hockey stick it goes
from 0.6 to about 2.5 where it is now and it's a straight it's a straight freaking line it's a
straight line you know it's got a couple of waves during the uh the housing crisis and during covid
but it's a straight line and so what that means is that on top of the expansion in government debt
wealth concentration has priced people out of their ability to pay off the debt.
And so that's a really, really bad sign because it means that we're concentrating
debt payment on a smaller and smaller portion of America. But a five times decrease, five times
in just 20 years of people's ability to push on the same boulder that we're all pushing on
is horrifying and it i'm i'm telling you there's like literally a left turn there's a point an
inflection and you know where i think that point is the freaking uh bailout bill yeah where we
started printing a hell of a lot of bernanke bucks we socialized the banking losses all along where
you know the out offshoring and the h1bs probably picked up in in vast you know quantities and it's
staring at you right on the chart it took me five minutes to print out and not a single person in
all of politics or the banking industry or anybody cares about that at all you literally just fixated
on the stock market yeah the stock market is the economy mark don't you know this yeah it's a bunch
of boomers speculating on momentum plays yeah i've sluiced some fred charts before the one like
that's what radicalized me like i was a senior in high school in the fall of 2008 my dad was
in finance he was affected negatively by the crash and studied econ in college and always had
this intuition that something's terribly wrong here uh but if you go and you look at the fed
balance sheet from like 1913 to 2008 expanded from like zero to 800 billion in the course of
95 years and then between 09 and 2011 it went from like 800 billion to 4.7 trillion so they
right uh six x'd it in in a matter of three years what took 95 years it's a to your point
that is what i that's what i think we'll look back it'll be like 9 11 the first tremor and
then 08 financial crisis like all right we're never looking back like we'll look back in
posterity be like oh the empire fell somewhere in this period and now we're just picking up the
pieces well that's what happens in the fourth turnings is usually the crisis phase is kicked
off with like a preliminary crisis so we had world war one and then world war ii uh so i think
a lot of people speculated the great financial crisis is what has ushered in this uh you know
so like i don't know what it's going to be if it's going to be a civil war or revolution or
they're going to send us off to fight nato's war or something like that but something big's going
to happen the good news is your generation's supposed to fix all these problems and unfortunately
for the zoomers they're the ones that get shoved into the meat grinder so i'm like i don't know
what to tell you you know maybe you should if you're a zoomer watching this you should probably
like go apply to a seminary or something you might avoid the draft well that's what i'm just trying
to give people real solutions here you know what i mean like well that's what i was going to say
we've been talking about the advice you would give the administration but you talk to a lot
of zoomers in your dms what advice are you or would you give them they're all burning their
mega hats right now it's like i never voted for republican i voted trump three times how could he
how could he insult me like this my entire career has been stolen by indians and they all lie on
their resumes and how does he not know this it's so bad like just stuff like that just constant
stream oh i work in the electrical industry and i'm an electrical engineer and they've outsourced
so much of it to india and these people control our critical infrastructure and if we ever got
in a war with them it would all come crashing down we wouldn't have electricity for months
This is what I'm just getting constantly in my feed.
And obviously, it's like a focus group.
It's not a poll, right?
But it tells you a freaking lot.
I mean, there's suicidal people.
It's just bad.
And no amount of boomers are like, well, these people should just try not being crazy.
Well, it's like you're the ones that put them on SSRIs.
These people, over a third of them have mental health diagnosis.
Their dating scene is horrifying.
All the women are feminists.
none of the women want to get married and procreate they all just want careers uh you know
they get passed over on every like high-paying job ever they can't afford a house and they're
getting called like you know they'd be a little bit edgy and they're trying to shut out of the
society they get called anti-semitic or racist or whatever it's like they haven't the the forces
creating people like nick fuentes have not been muted and what they just tried to do was like
shut this guy down and they wound up like his numbers are unbelievable now, like really
incredible. So he's not going anywhere. Tucker's not going anywhere. And it's like, you can think
of them as a feedback loop into the Republican party and into the right. And it's like, they're
just going to get louder until you actually fix your core problems and your core problems. You've
been completely corrupted by every special interest except the voter. That's all Nick
Fuentes is, is a guy who's like, Hey, I'm mad with my political party. We have real concerns
that everybody's ignoring and if you're going to ignore me then i'm going to be super edgy to get
your attention and it worked and uh you know now he's he's bigger than ben shapiro for sure
he's getting a ton of influence i've got yeah normies normies in my life i would never expect
like bringing him up unprovoked it's uh yeah when you get normies watching nick fuentes
and it's like you know what like it's like obviously there's five percent of his content
that i don't condone but it's also not nearly as bad as the jokes that we all told each other when
we were 12th like on in the playground you know what i mean so it's like this weird situation
where everybody's like clutching pearls about something that's like like who cares like nobody
cares and uh again i don't know what his situation is like i don't like how he just came out and
embraced like Mamdani socialism to create a new national socialist movement in America like that.
But again, he's on Rumble. He's got 14x fewer subscribers than Ben Shapiro. And on a much more
terrible platform without an algorithm, he surpasses Ben Shapiro's views easily.
So I look at his views and I say, well, there's probably five to 10 million people watching his
content. And then you see stuff like the Stanford Review published an article that says that
25 of their incoming freshman class are groipers stanford like how they pull they have an anonymous
poll where people felt comfortable i don't know what it was i saw mike mark dice say it and it's
like you know then there's the other stuff where it's like oh like 30 to 40 percent of conservative
men on capitol hill identify with nick fuentes's movement uh it's like
i mean it's a feedback loop and when things go wrong the feedback loops get stronger
and uh you know the problem here is is like you have this it's more than just economical right
and we all know that there's problems in america that are worse than just the economical problems
it's like major problems with like feminism and what lack of cultural assimilation like all these
forces the dechurching of america like all these forces are part of the fourth turning and what
has helped destroy our system like yes it's pretty obvious that if you take religion out of the
society you're going to have people in leadership positions who are going to be more rent seeking
and more personally interested in their own financial gain and it's like okay well you
haven't replaced that with any value system like we literally took the 10 commandments out of
of school. And now the kids wanted people shot that they disagree with. It's like, yeah,
that's, you know, like, that's the kind of thing that happens when you do that.
So that's part of the feedback loop that Nick Fuentes is saying. It's like, I see you big
business Republican scumbags. Not only have you sold America out, you helped undermine the societal
fabric that gave me a society that's unrecognizable to the boomers who grew up just 60 years ago in a
very different america yeah i mean you you can replace secular religion but the vacuum is gonna
something's gonna replace you can take it out but something's gonna replace it and that's been
i think the woke mind virus and yeah the um no that's the thing i think about a lot like i came
from the big irish catholic family in the northeast and very fortunate to have a very
strong nuclear family and extended family and we're still close to these days close to these
days um but the younger generations are like that's what i worry about like i look at even
some people my age that haven't started having kids and that's that's when things really get
weird and i've seen this firsthand in the inner city in chicago when the nuclear family is
disintegrated completely tears apart whole neighborhoods societies at large and i think
that is the thing that worries me most is this lack of family formation well i think that's part
of the good news here like the silver lining the storm cloud is that i think everybody for so long
and maybe it's the boomer politics or whatever has been sort of like preaching values but it's
been push it's like you need to be more conservative you need to be more christian
why aren't you procreating blah blah blah blah you need to work harder and i think the values
are actually like kind of pull right it's like okay well there's a huge crisis and we have to
solve it oh man we better get our crap together like i think there's an aspect of that you know
what i mean like yes the gi generation yes the silent generation stepped up and volunteered to
go overseas and fight against the axis right like that happened but it's like well if you look at
the twenties and the flapper movement and the great depression. And like, you just wonder like,
well, you know, was, was that America always there that enlisted to go beat, you know, Nazi Hitler,
right. Nazi Germany. I don't think it was, I think people came together and said, you know what,
this is a cause we're fighting for. We need to put our problems away and get our crap together.
And I think we're going to see that. And I think increased economic opportunity will probably be
one of the biggest forces for rechurching refocusing on family familial values um conservatism
you know charlie kirk said this you know the three m's right mortgage marriage and like whatever the
other one was maternal i don't know what was the other m it's like you have kids get married
get a house and that's the kind of thing that gets people uh into the conservative movement
she's like okay now you have something to protect and and people say this about the schools too all
The schools are terrible.
We should fix the schools.
Well, it's like, you know what?
If corporate America couldn't hire all of Bangalore, then we would be training our kids better.
Yeah.
Then, you know, they would need it.
We would have coding boot camps in high school.
We would have job, you know, fairs, you know.
Yeah, well, that's, I mean, that's another silver lining.
and to end it on a positive note um if the will is there the opportunity to actually affect the
will has never been easier and better i mean talk about reshoring re-educating like the ability to
learn things on the internet as like if you were to hand this technology to somebody 100 years
ago they'd be mind blown like if there's a will there the way does exist uh and i could easily see
a quick reshoring and sort of re-educating of the workforce to to step up if if the will was there
not only from the political class but from the citizenry as well yeah i mean trump doesn't want
colleges to go out of business but the entire computer science undergrad curriculum for mit
is on the internet right now you could walk through it probably about eight months is my
guess right so it's like what are we even doing you know i mean we're like supporting an entire
industry that's completely doesn't need to be there okay that's radicalizing everybody you
know yeah i'm actually the fdr meme it's like why would you want to be associated with the
university system that's indoctrinating people to work uh against the will of what you claim
your policies are trying to affect mark it's been great thank you for everything that you do i think
I think, uh, whether you recognize it or not, you've become part of the, uh, the zeitgeist
of the, um, of the younger generations that aren't, aren't being acknowledged or listened
to by the boomer political class right now.
Um, I think it's important whether you realize it or not, I think it's important work.
And I do believe that, uh, we are in a mimetic warfare and you are providing a lot of good,
good material and ammunition to fight this war because at the end of the day to your point
um i'm one of those people who's pretty much convinced that we're not going to solve these
problems via the traditional political avenues and apparatus like we need people to realize that
it's a somewhat of a lost cause and we just need to congregate and organize outside of that to
to try to fix things that's why i focus on bitcoin because it gives you the opportunity
to do so you don't need to ask permission you can just start building around it
no i think bitcoin for instance is a forcing function just like nick fuentes is a forcing
function nick fuentes is a forcing function on politics bitcoin is a forcing function on
finance and i think all these things are being brought to bear against the system
that is weakening very very very rapidly and so that's why i think like it's all gonna it's all
gonna go crazy in the next like three or four years like already the stuff with venezuela and
the implications with the whole voting system like i don't know it might speed up um but yeah you
know i'm just a guy shit posting in my basement doing my best trying to save the world from my
four gen alphas i'm gonna have four gen alphas now so i don't uh usually gen alpha gets through
the crisis pretty okay. Uh, so maybe I'm looking out there for those zoomers. I don't want to have
to go send them over to the, to the muck in Eurasia fighting against Russia, who should be
our ally, uh, you know, while China gets us ready for our civil war. So, uh, you know, I really
appreciate it and doing my best. Well, thank you, sir. Um, we'll link to your ex Rasmus and
everything else in the show notes. Thank you for your time. And I hope you enjoy your Thanksgiving.
Yeah. Likewise. Great to be here. Thanks.
All right. Peace and love, freaks.
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