The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Where is the SBR? Gold Revaluation & Hiking is Verboten | The CBP 227 Pt 2

Episode Date: August 14, 2025

FRIENDS AND ENEMIESJoin us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. #BTC #Bitcoin #Gold #Canada From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. Website: ⁠www.CanadianBitcoiners.com⁠Discord: https://discord.com/invite/YgPJVbGCZX A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - https://easydns.com EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. With DomainSure and EasyMail, you'll sleep soundly knowing your domain, email and information are private and protected. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - ⁠⁠https://mission.bullbitcoin.com/cbp⁠⁠ The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for 25% off fees FOR LIFE, and start stacking today.

all right so the other side of the show the notable stories I have a bunch I want to talk about before I never ends right like these stories never it never ends do you have any that you want to just bring up before we dive deep into the the ones that I have anything that just comes to mind that you want to just it's just fucking pissing you off yeah because like you said at the beginning again if you're just tuning into the second half of this conversation go and listen to the first but as i i said earlier in the in the conversation i hear with then i'm on vacation out in nova scotia and i like the outdoors i like hiking and stuff and i'm not allowed to go hiking because it's really dry outside uh but yet there's a golf course

not that far from here where these guys are uh smoking cigars drinking beers and nobody seems to care but I'm not allowed to walk in the woods like it just boggles my mind like I got to ask a question though yeah and I am I like to think I play golf a lot maybe I do I don't play golf well what I like to do this is fucking ridiculous but for whatever reason I like to hunt lost balls I have a man yeah there's something therapeutic from that even if you're having a a shitty game. I can go look for balls. And you know, I'm just, I'm wondering with myself. I love doing that. I have buckets of balls I found. When I was a kid, like starting when I was like 14, 15 years old, all the way up to when I

was finished university, I ran a used golf ball business where I went, I went swimming in water hazards. Yeah. And sold the balls. I mean, I guess it's been long enough now that CRA are probably not listening. And if they are, allegedly. Allegedly, I don't think, I don't know what the, you know, what the rules are with that. But like, I did really well with this. Yeah. And you know the funny thing is I give away all the good ones. Like when I come with like the ProV-1s, TP5, I just give them away.

I just don't want them. I give it the better golfers and they can hack away with it. But what I'm trying to get at is I, for me to find these walls, a lot of times I have to go into woods, right? Are golfers permitted to do that? I don't know. I don't know. I really don't know.

I really don't know. So for people who are. just unaware what the fuck's going on in the province of Nova Scotia and New Brunswick right now you can't because of the extreme

heat they're calling it and dry conditions you're at risk for causing wildfires by going into the woods so there's a ban in effect that right now you can't do open fires period that's $25,000 if you

do open fire beyond that if you go Went through the fucking woods for hiking, doing camping, boom, another 25K for that. Some guy was a former military, Canadian military dude. I wish I remembered his name. He filmed his experience, went in the woods, just walked right in and came out and then was ticketed 25K. Plus, it was a service charge on top of that. A victim's fee. Victims fee.

That's what I love it. Love it. Love it. Yeah. So that's what we're at. A few years ago. we had to social distance. Now you have to distance yourself from the fucking trees.

And I get it. I get it. It is really dry. Okay. I get it. That side of it. It's really dry. You can tell that it's really dry.

What bothers me the most is the gray area of everything and how none of it seems to make sense. Like, okay, no open fires, no fireworks. okay i can wrap my brain around that like certainly a libertarian could make the argument like i'll do whatever i want and i could see that side of the story but as a citizen i'd be like okay like it's really dry outside i'm not going to have a campfire i can wrap my brain around that it's like okay maybe i'm not going to smoke cigars outside or i'm not going to do anything with fire, you know, I can, I can get there. But, and Len, I seen this with my own two eyes. There were two paths that both lead to exactly the same place. Not that far from here.

I was, I saw with my own two eyes. They both go to a beach, right? And there's a few trees here and there, but it's not, I wouldn't call it like a forest. One of the paths was open. And the other path which goes to the same fucking place just a little bit more of a loop I'll sign across it saying do not enter because of provincial forest mandate

whatever they go to the same place they're right almost right next to each other one of them is open one of them is not it doesn't make sense golf courses are still open it doesn't make sense it's fucking bullshit it's why and on top of that it's

it's public and private. So you could own your own fucking plot of land that has a fucking forested area. You own a fucking area. You can't go inside your own area. Like how, and subjected to 25, they somehow find out that you got in there.

The fuck is that. The only thing that I can think of that kind of makes sense is that, and it does make sense from what I know about the financial situation of a lot of the Atlantic provinces.

There's just not a lot of resources here. So if one fire were to break out, they could probably take care of, probably manage it. But if more than one fire broke out, they literally don't have the money. So all it really is, you need a half dozen wackos go out there and decide, you know what, I want to make this deal. And it's virtually impossible to stuff. And if you really wanted to, you know what, I don't want to. It's not the hiker that's going.

I don't want to. Now, now, Len, like you, I've golfed a little bit in my day. I've also done quite a bit of hiking. I know the type of people who like to go play golf, generally, and I know the type of people who like to go hiking generally. One of these groups is much more likely to be drinking and smoking outdoors than the other. And it's not the hikers. Yeah.

But somehow they're the ones that are not allowed to do what they want to do. You know, in the middle of summer where things are the most beautiful, you know, the greenery, the nature, animal, then you get, now you can't fucking witness it. It just, it reminds me what happened just a few short years ago. It seemed like forever, but it wasn't, it was not forever ago. And I remember clear as day when they said, oh, you got a social distance, no, no groups. And then our premier goes up to the fucking cottage, Ontario Premier, I'm saying. I know you don't live in Ontario, right? Like, it's bullshit.

It's these stories about rules, they apply, but not for everybody, right? It's, it's kind of like the Bloomberg today was talking about people need to take, I'm going into a tangent here. Michael Bloomberg was saying people need to take public transit as a way to try to protect the planet. The guy owns two or three airplanes, several helicopters. countless fucking cars and he's telling us that we have to take public transit this guy is fucking flying from place to place for photo ops and meeting his friends like really like i have to fucking drive to go to work you're fucking flying for fucking pleasure like which of the two is

necessity right and who's the fucking problem here and i could tell you i'm not the fucking problem but yet somehow you're painting a picture that i am and it's it's very similar to this you want to go for fucking walk in the woods you want to go enjoy the beautiful summer that exists it's a very short season but in the east coast and you want to go and enjoy it you can't it's fucking bullshit you know there's you so i look at this and i go back to the gtfo movement and it's picking up and it's not because of me like i have no fucking i'm just i'm seeing that there are people of means that are just doing it there they've had enough they just had and They're picking up their bags.

They're going somewhere else at a place where they could potentially live out the remainder of their life or at least a period of their life and then they can move somewhere else. This is fucking brutal. When you do this, when you're forcing people to do that, it's a brain drain. Then you're taking their wealth with them and the taxation dollars that's possible. And whatever, we'll replace them. Don't worry. We have tons of people that are going to replace them. But they're not going to be able to produce at the same level that these people care.

And you know what? more bullshit like this this is what we need more fucking bullshit like this and and then just talking to people around here people aren't that upset that that's what bothered people are not that upset they're they're they're they're oh they're very concerned about wildfires they're very concerned about this and that and they then you you start talking to them and it's like well what about the golfers why aren't you upset that you can't do anything you want but the foursome of golfers from Ontario just that just rolled in they're allowed and then

their face kind of glazes over and they just can't process do you remember back in the social distancing days and they were telling us that we couldn't play golf like of all the things I know it's kind of fishing yeah going fishing you weren't even in the middle of nowhere yeah you're fucking

fishing like the trout are going to give you COVID yeah like fuck it's it Just this heavy-handed approach. And you know what the people that impacted the most are the people that were living in confined areas, like apartments and condos and stuff like that, where he didn't have a back year, which they could go and do stuff. You're confined. Those are the ones, especially with those with families, how fucked up of a situation is.

Now, you can't go to fucking into the woods. I want to see what transpired. It's fucking bullshit. I want to see what transpires from this guy that got fined at 28K. Did you watch the video? Yeah, in totality. It was like five minutes or something. It's a little weird.

He seems like a good guy. Like, mad respect to the guy. He's a veteran. He's served overseas. Like, he's done a couple of terms. I got nothing but respect for this guy. But he did seem to be kind of looking for trouble. No, he was perfectly respectful.

Yes, he was. But he even did say to the. officers like it's like yeah i'm not going after you i want to get a fine please find me so that i can go after the premier he wants to test he was asking for like he yeah he and he couldn't test the legality of it unless he got fined correct he so he went out purposely to get fined yeah and he did it in a way that didn't interrupt anybody he didn't cause a state yeah he talked to the people said, I'm not going to put you on camera. I'm going to get fined. Yeah, he was perfectly

polite. Yeah. They made him wait a while. They got the fucking ticket, by the way. But other than that, can you imagine? Can you imagine those, like, federal government workers in that office, like sitting around, like, probably playing Mario Kart, and then when this guy rolls in, and they're like,

what do we do now? Like, we actually have to work? Like, it, like, it, like, it must have been a straight conversation behind the scenes for them. Well, things things you can see are not getting better over there and you know what on a national level things aren't getting any better either because Canada has reported that they lost

over 40,000 jobs in a month of July and this was a terrible blow to the estimates nobody was expecting this all the economists out there that you know these Keynesians they were all expecting numbers to be far better and on top of this this 40,000 job loss comes also with the public sector grew by 4,000 jobs in that same time period. So that grew, but the other ones lost a significant amount. Then it was 44K jobs that were lost in the private sector altogether. I look at that, and I'm not sure, is this a response to the tariffs? Is this just a global economy slowing down?

and Canada is getting caught up in it. I don't know what the fuck's happening here. I don't know. The tariff stuff seems a little bit overblown. I'm not going to say that there aren't people affected by the Trump tariffs. They clearly are their businesses being affected. Absolutely. But these tariffs only apply to products that are not compliant

to the Canadian-U.S.-Mexico free trade agreement. and from my understanding, something like 92 to 95% of goods that cross the border fall into this category. So only a small portion of goods that are being exported to the United States are actually facing these tariffs. What about lumber or aluminum? Yeah, aluminum, well, there's one of them. Aluminum definitely is facing tariffs for sure. But you kind of play this out. Like, okay, so if there's less aluminum or lumber, let's use aluminum in the example,

there's less aluminum being shipped exported to the United States. Well, all that kind of means is that there's more aluminum available to Canadians who need to buy aluminum. So all these different types of, you know, construction types of businesses or different types of manufacturing facilities that aluminum is an input for them, they're now going to getting a discount on their aluminum because all the Canadian aluminum producers have excess supply. So they're, it's not, that supply is going to last for so long.

I would imagine, I don't know the economics of this, but I assume that discount would mean that if they continually continue to offer that discount, they would then be in a cash, cash flow negative situation. So I assume that they're selling off whatever stockpile they have. whatever inventory they have of aluminum, but anything that is going to be new that they're going to be able to produce, it's not going to happen because there's just no economic

incentive to do so. I'm not sure, and it's not that simple. Right? For sure. It's bad for producers of aluminum. For sure. Not going to deny that. And it's not like Canada is an aluminum country

that the economy revolves around fucking aluminum. No, I mean, but it's a part of it. It's a part of it. And especially in Quebec, it's a significant industry in Quebec. and I'm not making light of the people who work in that industry at all. I'm not saying that their jobs don't matter. I'm not saying that at all. What I am saying is there's aluminum consumers in Canada that are now getting aluminum at a cheaper price.

So they now can produce more, in theory, of whatever they make out of aluminum. And maybe they can hire extra people because their input costs have now declined. So anytime you see on the news, like, oh, tariff this, tariff this, tariff that, tariff this, tariff that. It's not simple. Right. It's extremely complicated. 100%. Now, so about the tariffs, I don't know.

I highly doubt it's 40,000 jobs are related to caused by 40,000 job losses by the tariffs. That would surprise me. These estimations, they're bad. like these analysts expectations on these jobs like these are trying fucking darts in a wall they're throwing darts you guys have talked about it numerous times you guys are actually one of the first podcasts out there like I listen I don't just listen to the bitcoin podcast land I listen to like regular finance podcasts and you guys were very very early on these noticing about like all these these data points that just didn't make sense and the

revisions you guys were early talking about these upward and downward revision yeah Joey has talked about the Department of Downward Revisions. Yeah, yeah, you guys were extremely early on this and you, you've fucking nailed it. Like, you were, you absolutely nailed it on this. And they always tend to be skewed. I can't say always. There's definitely a skew to these revisions and to these, these numbers. Yeah.

It doesn't seem to be random. It's not like they found a bunch new ones. It's like, oh, we overstated. And it's even worse than it really is. And if that's the case with this one, if they follow the trend if they provide this number say oh you know what 40k wasn't the exact

number it's actually 65k it's like what the fuck and somebody in one of our chats said it this number is significant because if this was the United States if it translated to the United States

because of the factor of the people working in the workforce and the population it's like a 10x right like it's a 400,000 dollar 400,000 thousand job loss if it was similarly predicted in the United States or reported. So

that would have fucking tanked markets looking at this and on top of this too you have this report. Our prime minister is apparently on vacation. I'm not sure if you saw that. This week he's on he's on hiatus so he's doing some R&R because it's been

a tough few weeks. Did they have that trade deal with the U.S. yet? Like I'm on vacation so I'm not really watching much of the news. Like did we get that that deal sign? It's coming. It's coming. Yeah. It's when, I can't say, but it's coming. And you know that

Mark Carney, remember, he took the position of oh, what the guy's, what's that guy's name that they kicked out from running? I forget, whatever the fuck is it. Dahlia? No, that's Ruby Dahlia. It was the other guy. It was the guy. So what was

this? Where the fuck he was? You got to get him on the show. He'll come on the show. What's he up to? I can't even remember his fucking name. I don't think he's going to want to come on. Anyways, Carney doesn't even have a constituency office in the writing of Nipian. Nipian is where you ran, right? I think it is. Either way.

He doesn't have an office there. That's incredible. You seem like the approval ratings are pretty high, though. You see those? I did see that popped up on my Twitter feed yesterday or today. What does the people that he represents? How do they want to get any sort of help? I mean,

do they have to just deal primarily or in totality with call-ins and emails? and they, you know, if they have to go in and sign some documents, they have to go to the Hill office and do it. Like, you know what I mean? I don't know. I mean, I can go either way on this. Like, do you really need constituency offices if you're in the Ottawa area? I can't say.

If you can just go to Parliament Hill and I don't know if this exists or not. I'm not dialed into the political stuff at all. But if there's a place where you can go in somewhere in downtown office, Ottawa, that you could do the same things that you could do in a constituency office. It's really matter. Like downtown Ottawa is basically borders NAPien anyway. Or if you can, you could go to a different office. If you can go to a constituent in the neighboring office, does every MP need a constituency office?

Good question. I don't know. I'm, because I'm in the GTA, my, my vantage point is different. yours so but these 40,000 jobs then going back to that it's not good that that is a bad number that that's a that's an ugly number and it's really telling that the estimates were off by so much that's concerning to me another one that could be concerning this is from juno news and they did a access to information and through that access to information they learned that two-thirds two-thirds of immigrants, including permanent residents,

they were not making the minimum monthly payments on some loans. There are immigration loans that were handed out to the tune of $150 million. And the interesting thing about these loans is there's a zero interest on it. So they just basically pay back what you collected from them or borrowed. And only 36% of recipients are making the minimum monthly payments as of March 31st, 2023. So that's two years ago and change. And we just, in the last story,

we talked about the number of job losses. So that transpired in the month of July of this year. So the economy clearly isn't trending in the right direction. I suspect that 36% that we're paying back in March of 2023, the number is probably lower, right? And for people wondering, if you have debts outstanding and you have bills to pay, Don't you think that the loan at zero percent interest goes very low on your list of priorities of which one to pay back?

Well said, 100%. And for people wondering what the heck are these dollars, why are they handed out? Immigration Refugee and Citizenship Canada, they provide loans to some immigrants to help with travel and settlement costs. That's part of the loans that are handed out to people. So that's, you're going to at least grasp why some of the loans are handed out. But you're 100% right in terms of like which one. would you want to pay off the most well generally the highest percentage ones like credit card bills shit like that um maybe you fucking payday loans or same day loans whatever the fuck you're called

that have predatory um they're like they're like loan sharks so that that's what people would like to pay off first because they're the most crippling and you know right the one that has carried zero percent interest rates like that that's backward we don't have to fucking pay that Do you think we're going to be able to get loans at zero percent if we moved to Alberta? Do you think that Alberta is going to go through the process of separating? I think there's going to be stuff. I don't know if it's ever going to come to fruition. I don't think it, I don't know.

I mean, you guys had Dave Bradley on a couple of times. I don't know if you've had them on that recently because, I mean, Dave seems to be of the mind that it's going to go. I think there's going to be a lot of concessions. I think Ottawa is going to cave into a lot of Alberta's requests, and they're going to get a lot of the stuff they want. I think equalization payments are going to change. I think we're going to have a lot more provincial autonomy going forward. I think it's going to be a good thing.

Well, there's something going around to collect signatures, and if enough signatures are collected, then it could potentially go to a vote in Alberta. I have somebody that has boots on the ground over there. I don't want to name names, but he suspects that the percentage of people that want to leave Canada over there are probably around the 40% range.

That's what he's thinking. So it's below majority. And John is saying, Dubeberg is saying the Alberta stuff is just a game of chicken that is going to lead to make Ottawa bend a knee. All the equalization payments that are being sent out by Alberta to other provinces. It's got to be just pissing them off, you know.

Yeah, and it's not just about the payments. It's about getting their own police force. I think that's something that's going to happen. Do they not have one? They can provincial. No, they don't have. It's only Ontario and Quebec that have Ontario police force. And why doesn't Alberta have their own provincial police force?

Is it because of legislation or they just chose not to do it? I just think they chose not to do it. But I think this type of thing is going. to push towards that. Their own version is CRA. That's another thing they're going to want to do is their own CRA. Remember they were talking about doing their own tax collection? Yeah, CPP pension.

That's happening. That's going to happen. All that has to happen before Alberta separates. Basically, if you were Alberta, if you were like Dave Bradley and those guys who are actually pushing for separation, you start off, you'd take a look at what's going on in Quebec and you would ask for exactly the same thing they have plus other stuff, right? That would be like the starting point. Before you even talk about separation, you'd be like, yeah, I want my own pension.

I don't want to, I don't want to be sending our tax dollars for Canadian pensions. They control immigration in Quebec too. Yeah, all of it. Wouldn't, wouldn't you want it? How controlled is it? I'm not sure. I think they got way more input than say another other provinces. Yeah.

I think these are all things that Alberta are going to push for these things before they ever separate. It's going to take a long time unless something strange happens. And at the end of the day, if the United States says no, you're not separating or yes, you're separating, that's what's going to happen. And John makes a good point is saying Alberta is talking about taking back their share of the federal pension plan was essentially bankrupt the CPP to CPP is doing um they're building out a new office in downtown Toronto I don't know the the cost but it was the start an early high so good for them and uh he's saying that John in Quebec takes up 50k immigrants of the 500,000 that

comes to Canada so that's one-tenth so are they one-tenth of population in Quebec it's they have that far off isn't it 7 million Quebec and there's 40 million people so the math on that is more than a tenth but it's not it's not 20% yeah it's still kind of skewed in favor of them it's definitely skewed but is anybody really checking those numbers like how are those numbers checked he's saying Canada's 25% of the population is that high seven isn't it just 7% 7 million people I have no their population probably increased due to immigration as well

in the past little I have no fucking clue all I know is 40 million, 40 something, 41 Yeah, 41 million. I remember today's one was like 27 million. But how do you, how how, how do they know that only 50,000 are in Quebec? You can, you can

move pretty freely in Canada. Yeah, that's one of the things. Part of the Charter and Rights that you have the ability to move wherever the fuck you want, right? If I wonder if you're a Saskatchewan, nobody's going to stop me to move to get a Saskatchewan. So if you're a landed immigrant, you're a land in Quebec City and you realize that you don't like speaking French and

you don't want to be around French people, you just load up your car and you move to the GTA and you find a place in Oakville, right? Yeah. But stopping anyone. Yeah, 100%. So I'm not, I'm not questioning John's number in the chat here.

Like, I'm sure that's correct. It sounds about right. I just don't know how you enforce that at all. And I don't think those numbers really mean that much. Do you remember? Only 500K come to the can. Yeah, I guess that's 500K is about it. So the way I recall when they had the FLQ crisis,

back in the 70s and there was talk of you know potential separation back then Montreal was the most populated city in Canada at that time I don't think Toronto was number one I think Montreal but I know a lot of businesses were set up in Montreal a lot of them moved from Montreal to Toronto because they didn't know what's going to happen moving forward now because of that too I'm wondering what's going to happen oh do we lose you boomer I'm still here do I lose the maybe you just lost my camera it's a So I'm wondering if the same thing is going to happen in Alberta, if there's going to be some businesses that are going to pick up and move from Alberta

to go somewhere else, just because of the potential stability that comes along with staying in Canada. Or the other way around, companies are going to move to Alberta because they don't want to deal with some of the things that we talk about on. We've talked about today and that you and Joey talk about week in and week out. Yeah, that's another point. It seems like it's slightly less crazy out there. Maybe.

I don't think it's a lot better, but it's maybe a little bit better. Well, let's talk about, I guess, one or two more stories and this bullshit coming up from the Fed. Everybody, I think, have seen this where they might sort of revaluing the gold reserves they have to market prices. And the question as to why they would do this, I could potentially use to buy something, maybe Bitcoin, but I won't go into that. Let's talk about the gold revaluation because that's a lot of potential wealth

that could be unlocked, right? And funding for shit, you know, maybe funding a Z-Man or the Middle East War. Like, you know, shit like that. Those wall watchers, they've got to keep happy so this could potentially give them a whole new set of cash. The U.S. apparently holds 261 million. million Troy ounces of gold. That's valued right now at $42 per ounce. That was set in

1973. The price of gold has changed significantly since 1973. The price of everything has changed since 1973. But either way, they have a book value of around $11 billion based off their number fudging. And if they change it to market price around $3,400 per ounce, that brings them to around $750 billion worth of gold that they're sitting on if they have the gold, in fact. I think they do. And what does that do to the U.S. is $37 trillion in debt? Oh, it just gives you a sense of the size, the scale of the debt,

the federal debt, the funded debt, at that. The unfund is even higher. it just goes to show you with all that fucking gold they have they're sitting potentially sitting on i think they have it it's just a drop in a bucket considering how much fucking if they increase the price of gold but through accounting it's nothing more than just accounting if they multiply it by 100 which is roughly what it is right from 42 dollars to yeah well i'll give you that okay so it's like you add a couple of zeros right yeah you're adding two zeros by adding two

zeros to all the gold in Fort Knox, you are barely scratching the surface of the debt, the U.S. debt. Yeah. It's kind of ridiculous. This gold reevaluate revaluation stuff, it kind of reminds me of like a couple of years ago when they were going to print that trillion dollar coin. Remember that? Yeah. Like they were just going to take like, they're going to take like palladium or whatever, just like some. It's just pure fiat wizardry.

Like, it doesn't mean anything. Like, it's just ridiculous. It's the same fucking gold. The gold that was in Fort Knox yesterday is the same Fort Knox that's going to be there after you re-value it. You just, it's just you put a couple of extra fucking zeros on a ledger somewhere. The gold has not changed. Nothing has changed. It's just like making a coin.

You can print a coin and put all the one zero zero, zero, zero, as many zeros as you want and call it whatever you want. It doesn't mean anything. like real wealth the wealth of nations has nothing to do with this like it's it's the stuff you make right it's the stuff you have it's the stuff you do your your goods and services and your economy accounting doesn't do anything to this and even at that it's it's it's not it's it's from $42 to $3,400 and it goes what's the number again it would take it to like $1,000 to $750 billion seven hundred and $750 billion $750 billion. So $750 billion divided by $37 trillion.

It's like what? Like 1%. About 1% right? Yeah, it just goes to show you how big the debt is. Yeah, it takes the debt down by 1%. Yeah. And beyond that, theoretically, if they were to unlock this gold

and they were to somehow bring it to market. the price of the gold per ounce is going to pay just because she's just flooding it with well they're not going to take it to market they're not they're going to borrow against it or something yeah they're going to borrow against it that's that's that's that's that's it like you just said it they're going to borrow against it that's it's re-collateralizing it right so they're going to they'll borrow against it at 100 x 10x whatever I don't know like it's it's recalaterizing they're not going to sell any of this stuff and do we even know it's there I remember making a meme about like 18 months ago from like the old dx you know dx from

wwf version and i made this meme about like it was you and joey and mark jekovic and the guys in the chat we were we were like the dx crew from wwe back in 1999 on the jeep and we were going to go we were all going to go to fort knox you're all going to go to fort knox just like triple h and the rest of the boys did when he went to wcw to try to get in And we're going to go audit, we're going to go audit for Knox. Is it even there? That's another promise. Remember, 47 was saying that you, what the fuck's going on?

We, there's no fucking auditing going on. We have, and, you know, I'll say it again. I said, I say, I do believe they have the gold. Like, and I'm going to almost quote Joey, he says, maybe not to the exact ounce, but they, you know, they probably have just about all the gold they have. Like, yeah, I think the U.S. I think the U.S. is more likely to have the gold they say they have than England is. I do.

Did you ever see the wait times for people trying to get gold out of London? I'll be honest. I don't follow the gold market that close. So I don't know. So now at the time when there's a huge amount of gold being taken out of the London gold market, it's the wait times you're now going up economically. You've never had Tom, Tom Jecovic, not not Jecovic. Tom Roderviks.

Tom Roderviks on your show. He's Canadian. He hosts like the best gold podcast in the world, I think. Like Palisades Gold Radio. So I used to be a gold guy. I don't give a fuck about it. Yeah. Tom, Tom's great. Canadian guy.

Like, I wouldn't, I wouldn't call him a Bitcoiner, but he does get Bitcoin a little bit. Like he's a gold guy. He's not like, he's not like a completely against Bitcoin. He totally be on your show. He totally do your show. He seems like a great guy, too. He follows this stuff all the time.

And he said, like, the wait times to get physical delivery from gold out of London went from a couple of days to a couple of weeks to a couple of months. Like, it's getting harder and harder to get your gold back. And a few years ago, 10, 15 years ago, whatever it was, when you deposit your own gold, you want your own gold back, right? Yeah. You apply to get your own goal back. You used to get the same brick.

now you're not getting the same bricks Oh so you sign it You send it in somebody else's signatures You're getting your bars You're getting the weight back of your gold But you're not getting the exact brick That's suspicious And you know that they're talking about

I don't even put it I'm sure if they put up tariffs Yeah Gold bars coming at this right 39% You know it's another thing why I like Bitcoin How do fucking in a tariff Bitcoin right you just can't do it but gold they could certainly do it and i just it's another nail in a coffin for why anybody would you know for for me with gold like there's just no reason to consider it uh as

a store of value that just makes no sense because in actually holding onto it just it's bullshit it becomes a burden and then sending it over longs over space is just it's a burden then verifying its gold it's a fucking burden like fuck that bitcoin is that bitcoin is solves all the problems you're gonna you just get your 15 year old laptop like i am i could verify bitcoin i could send bitcoin with that i could serve broadcast a transaction just with modest hardware but gold gold's time has passed yeah for sure it did it's like let's give gold its respect though like it did work for a while until it didn't and it's been a while now since it hasn't worked and we've had this dark age between gold failing probably

Probably around World War I. Some people say 1971. It might even be a little bit before, you know, maybe, maybe 1913 with what happened in Jekyll Island. Maybe somewhere around there, gold failed. So we've had 100, you know, 100 years, basically, of dark ages. But now we have something better. So Bitcoin is looking forward. Gold is looking backwards.

I bring up this periodically. as to why, like, I'm, like, very down on gold is because what happened with Russia and Venezuela, each of them tried to repatriate the gold that they had in London vaults. And they were told, no, you can't get access to it because of what you've done on an international level. And as a result, not your vault, not your gold, right? Not the first time either. Right. There are plenty, there are countless examples of gold.

into the wrong hands. Imagine they just simply had Bitcoin instead and had those keys themselves. You know what? They could do whatever they want with it. They want to send it to an address. Somebody belongs to it in Venezuela. The Russians could do that and vice versa. They could send it from Venezuela back to Russia.

I don't know. Settlement at the same time as transactions. So I think it's Lynn Alden that wrote it in her book, right? She said that her argument is that gold failed once we develop the telegraph. so once we made the telegraph we could create transactions over long you know you could somebody in north america could make a transaction with somebody in europe right through telegraph but you couldn't settle that transaction until the gold actually you know was shipped from london to new york right so transactions became faster than settlement well with bitcoin

it's instantaneous they both occur at the same time so settlement and transactions action occur at the same time. Lynn Alden, has a baseball bat or not? I say no. I say no. I'm a fan. Was it after, like, something was done or born, like that, came out of the factory like that?

Look, I'm not going to say anything negative about Lynn Alden. It's not just speculation. No, no, no, no. You're not going to get it, not going to get it out of me. Like, no, no, no. In my honest opinion, I, I, I literally think she's, like, the best financial analyst on the planet. Yeah.

So I'm not going to say anything to the contrary. I'm just curious. You know, I just found it to be a topic that I like to. Well, I guess one last topic. Any thoughts on the diggles that are being tossed in the... So what color do you think is next? We've had gray. Gray, green, twice, green or three times?

Yeah. And a purple. We've had a purple. We had a purple. We had a purple. We have purple. I'm going to go back to this tri-tested and true green. Green?

Yeah. Did you see the nets that they're now? I thought that was a fucking... WMBA now are putting nets around the court? I thought that was a fucking joke. I honestly thought until I saw the fucking picture of that, it's a fucking joke. Yeah.

Right? It's the iron dildome. I wish that was mine. can't take credit for that that's just so good that's not mine it was like somebody on twitter and i it's incredible that they're doing this um how people are smuggling it in i i don't want to know but good for them because the but you know what then people are talking about the wmba like if i were in a way that's if i were them and there are players that are doing this that are taking it with a grain of salt and are having fun with this and and the players that are

doing that are being rewarded on social media with follows and retweets and all that stuff. Like, it's a sport at the end of the day. And like, women's, we can sit here and talk about women's sports. Me personally, I know you're a tennis player. I prefer watching women's tennis than men's tennis. That's so bad. I like, at least back in the day, I don't watch a whole lot of tennis anymore. But back in the day when Serena Williams, I liked watching women's tennis more because

the rallies were a little bit longer. It wasn't just big serve. like it's not that I don't like women's sports and it's not that at all like I think women should be able to play whatever sports they want I don't care but it doesn't translate that well in basketball WMBA is not

it's not great viewing not that I've watched a ton of WMBA but it doesn't have you watched more than a nanosecond if it's so that's more than I have yeah I've watched more than a nanosecond but not a whole lot more so you got this sport that's not doing that well

this league that's not doing that well and there's attention on the league maybe not for the greatest reason but just have fun with it like it's just entertainment it's summer there's no fucking sports going on other than baseball nobody gives a shit about baseball anyway just have fun with it

you have this mentality pay us what we're what the heck I forget the exact thing yeah it's what we're owed or what we deserve or whatever if you're not drawing if nobody's watching it's revenue generating stuff that you have to look at that's what you're going to get paid on

If nobody's buying tickets, if nobody's fucking watching it on TV and paying for the rights to broadcast it, you should be paid based off that, right? Off sponsorships, off all this shit. That's just free market. That's the way things operate, right? If nobody wants to watch, you're worth nothing. Like, I can go play basketball. I can tell you there's going to be exactly zero people watching it. And I can't go out there and say, please pay me for what I'm worth.

I'm fucking worth nothing to play basketball. Right, and it's the reality of it. But you got dozens of people that watch your podcast every Monday night. And that's why you guys make... That's why you guys make the big bucks from Easy DNS and from Gold Bitcoin. That's why...

But one thing is nobody's throwing fucking dildos at us. Not yet. Right. As soon as I leave the basement, who the fuck knows what happens. I got fucking fed his shit off. Like it's snow coming from the sky.

All right. I think that's it before we get fucking demonetized here. anyways any last words before we uh sign off here yeah always great to be a part of the show anytime you need me just let me know i'll find it uh as far as twitter find me on twitter uh the ruler's broken on twitter i was also a guest on rock paper bitcoin this past week so uh yeah we talked about you guys a little bit nothing but good things talked about like the you guys are just one of the best shows like i i said it to them i'll say the same thing to you guys you guys in my opinion

you're two of the three best podcasts Bitcoin podcast going right now it's the ones that have fun I think are the best the ones you know and it's personality as well you know you got and you and Joey have great chemistry together

you guys take things you don't take things too seriously as far as I'm concerned you're the best podcast out there that covers the news for sure number one brother for sure number one so I'm just glad to be a part of the team in any way I can possibly I appreciate you're a number one fan

and you're always first under the bullpen whenever there's an opportunity. So thanks for coming on. Anytime. And with that, we're done. We'll be back at this again Monday. I don't think we have a show this Wednesday. So take care.

We'll see you all next week.