The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Will Alberta BREAK AWAY From Canada? (With Dave Bradley) | The CBP

Episode Date: April 3, 2025

FRIENDS AND ENEMIESThis week fan favourite Dave Bradley returns to the show to drop some heat on Alberta leaving Canada, Canada's coming Federal election, Bitcoin's role in sovereignty, smokin...g indoors, and more!As secession talks gain momentum in Alberta, many are wondering if the province will break away from Canada. The Alberta Agenda, fueled by western alienation and a desire for greater autonomy, has sparked a heated debate about provincial rights and Canadian federalism. Amidst the autonomy debate, some are calling for Alberta sovereignty and even independence, citing concerns over Canadian unity and the role of the federal government. With political unrest on the rise, it's essential to examine the complex issues driving this movement. From the perspectives of leaders like Poilievre to the economic implications of Bitcoin and Mark Carney's warnings, we'll delve into the heart of the matter and explore what the future might hold for Alberta and Canada as a whole. Will Alberta break away, or can a path to greater autonomy and provincial rights be found within the existing framework of Canadian federalism? Join the conversation and discover the intricacies of this critical issue in Canadian politics.Join us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. 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:   / discord   A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - ⁠⁠www.easydns.com⁠⁠ EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. 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 $20 bones, and take advantage of all Bull Bitcoin has to offer.

Transcript
Discussion (0)
Starting point is 00:00:00 Friends and enemies, welcome back CBP. Here alone tonight, at least for the time being, Len is taking the night off as he's known to do for the interview shows when it's my stretch. I'm with my friend Dave Bradley tonight though, so you guys will enjoy the conversation. Dave, I mean everyone knows the claims, I'm not going to repeat them because I don't want to give them the light of day, but I'm sure Dave will let you know what he thinks about himself and a number of other things going on. I thought it'd be good to bring Dave on for a couple reasons. One, because obviously the political scene in Canada right now,
Starting point is 00:00:28 hot. The Alberta secession scene right now, also hot. And Dave is a guy who speaks his mind and has his fingers in both those pies, along with obviously the Bitcoin pie. So we got a lot to discuss tonight. But first, as always, the sponsors, EasyDNS, you guys know Mark Jefdivic, friend of the show, partner of the show. Best place for you to register a domain. He's your friendly neighborhood registrar, as he likes to say. Whether you're starting a small business or a podcast or like Rachel Gilmore probably will be doing soon, selling pictures of your feet online to make rent. You can do it with EasyDNS. And all it takes is a quick visit to the website, pick your domain, pick your.com.ai.xo.xx. I don't know, whatever you want. As long as it's available, Mark will take care of you
Starting point is 00:01:17 there. Not to mention if you're a Bitcoin or virtual private server stuff, till your heart's content, man, you can do a Bitcoin node, NOS2 relay, BTC pay server, all there. Domain, sure. The the security suite included of course. Protects all your information, protects your client list, protects your mailing list, protects your identity, all those things that you hear about every day, hacks and whatnot from North Korea, from India, from Russia, never a concern at EasyDNS. Go there, use the promo code CBP media and you get 50% off your first round of buys. And then the second sponsor, Bull Bitcoin, wearing the merch tonight. I actually won a ShakePay hat in Montreal last year and the Bull guys confiscated it immediately,
Starting point is 00:01:55 traded it for this one. Bull is the best place for you to buy and sell Bitcoin. Why? It's led by a team of extremists. I say this all the time, but I really mean it. And actually Dave was a co-founder of Bull Bitcoin. And you'll see that he's as extreme as they come as well. In all the best ways, man, Francis and the guys, no matter what it is you're trying to do, whether it's sell your house and move jurisdictions, Bitcoin will help you do that. And they will help you make sure that that's a reality for you. Whether it's pay your cell phone bill with the bills platform, pay your mortgage with the bills platform, buy, sell, whatever. Even some stuff that's probably not advertised. If you message
Starting point is 00:02:29 the bull Bitcoin guys, there's like an 80% chance or higher that they will either guide you through it or help you find someone who can. We use bull Bitcoin because it's non-custodial, privacy focused, and you should be using it too, honestly. there use our promo code it's in the description of the show. Audio and video like and you get 20 bucks or 21 dollars something like that if you sign up. So many of you guys have signed up already. We are almost at 2 million dollars of volume through bull Bitcoin. So want to get to that number this year and you guys obviously I mean everyone loves buying Bitcoin why would would you not, right? But it really does tell me something about the quality of people who listen to this show that were almost
Starting point is 00:03:12 there. Dave, smoking inside Bradley. I poured the whiskey tonight like I said before the show because I knew you were gonna be on blah blah blah blah blah. Listen, I have to say that I'm glad that in your tag, you didn't put the stupid shit about being the handsomest and strongest. Neither of those things is true. You know it. I know it. Danielle Smith, everyone has seen the quote on your website where she says that you're handsome, but if you go to the video, it tells a different story. I think Rachel Gilmore would characterize that as fake news. I don't know what you think, but it's good to see. I haven't, I haven't talked to you in a while. How are things going over there? The things are great. And I'm going to give you the
Starting point is 00:03:49 intro with my widely acclaimed title. But first I got to say, obviously I endorse bull Bitcoin, but I have to give a shout out to EasyDNS also. I had this experience over Christmas where I had some of my personal domains, non non mission critical type stuff on, can you name a couple of them? Handsome Dave.io like Bitcoin brains.com, which is my personal brand website. There's nothing really important up there. There's just like, you know, some, some of my achievements, some of the stakes that I've eaten some stuff like that. And these, these important claims also.
Starting point is 00:04:26 But somebody actually socially engineered my hosting account that these domains are tied to. And I actually figured out who it was. It was this left-leaning trans weirdo from Vancouver. And they didn't really actually try to do any kind of malicious attacks on my domains that would have been possible All they did was forward my main domain to Pornhub. Wow, my domain was going to Pornhub for like 10 days over Christmas it was impossible to fix because it was Christmas and That was the thing that where I'd had this like in the back of my mind like I should be switching to easy DNS because like the The reason that this was possible was because there's like some offshore support team with a bunch of retards that they were able to socially engineer pretending to be me to switch these logins over.
Starting point is 00:05:12 And so I got on the phone with Mark and I was like, look, I need to fix this. Now I'm like in the process for switching all of our hosting and domains and everything over there. So I've got to give Mark another shout out as well. But yeah, as I was saying, like I am widely known as the strongest and best looking Bitcoin entrepreneur in Canada and widely acclaimed in this fact. So to your point, like Daniel Smith, the Premier of Alberta did endorse me in that claim in a certain sense in that what she, what she said very specifically was just, Dave is very handsome. And that's a quote that, there's a video of it on the website
Starting point is 00:05:49 and she didn't necessarily get into my relative handsomeness versus any other Bitcoin entrepreneurs. She probably doesn't know, but we've actually assembled a panel of experts in case there is ever a challenge on this claim. And the head judge is none other than the well-known BTC Sessions. He's going to be judging this. And so if you want to apply for a challenge, all you have to do, first you have to be a Bitcoin entrepreneur, which I think you count as that.
Starting point is 00:06:18 So you run a Bitcoin related business. Next you have to, because the best looking is very subjective, right? And so we had to find a way to to in the spirit of Bitcoin get some proof of work there. And so anybody who wants to challenge my incumbency in this sense, the first step is that you have to gather about 21 letters of reference from hot babes in the Bitcoin industry saying that they believe you are in fact the strongest and best living Bitcoin entrepreneur in Canada. And then the final one is a feat of strength, which will be contested by who can throw the other one furthest.
Starting point is 00:06:58 That's really where I'm going to fall short, I think. Yeah. I think I can throw you a lot further than you can throw me. Pretty sure, yeah. I think you might be right. Listen, when we met in person for the first time a couple of years ago and you said you gave me that rundown, the throwing thing really does give you a leg up, I think. But the rest of them, I don't know, I could probably get the 21 letters.
Starting point is 00:07:21 Maybe I'll start looking for those and bring them to you next time. Might as well start trying. I feel like I got it locked down, but you never know. I'll present them at the rodeo maybe come the summertime. Hey, listen, so I want to know maybe start, what are you doing right now? Like for work? I look on your website and it's like, Dave did this 2018, did this in 2023. At last I checked. I'm looking at my date right now. It's 2025. Are you like. Are you collecting Pogi from Mark Carney or what? I'm doing a whole bunch of stuff. I'd be smart if I was getting the, I should be moving to the
Starting point is 00:07:52 Maritimes and working for 13 weeks and then getting the rest of the year in unemployment. But no, I got a bunch of stuff on the go. So I'm doing a bunch of advisory with, I'm still on with Bitcoin Well on the board and doing advisory there. I'm also working a lot with Block Rewards that you're probably familiar with. Yes. Scott Deals out of Kelowna and the team there are working on bringing Bitcoin to the payroll and benefits market. And they have a product that's going to be launching real soon. So if you have a small business, any of the listeners here who want to pay their employees, all
Starting point is 00:08:24 are partially in Bitcoin. This is like a seamless plugin that you can do that attaches to your regular payroll software and can offer that. And then, you know, I have a couple different pieces on the go. We're doing, but most of my time is going into our events and media company. We run the Bitcoin rodeo through and we've got a couple shows on there and we're working on a bunch of different shows. And I think part of the part of the shift that's going on, you know, somebody, somebody mentioned the other day that they were very impressed that Peter McCormick basically sold the top on Bitcoin podcasting. And I think that like, this exact kind of show that there are millions of where it's just like two dudes doing an interview Like this is this is the people on the shows are the ones that the this is for I know You know, there's there's an audience for this. It's mostly like the hardcore Bitcoiners who just like want to devour this content but I think the next big wave of content that we're working on is more like
Starting point is 00:09:23 Stuff that is a crossover with Bitcoin and other interests. I mean, I cannot agree more. Yeah. We've got, um, the one that you're probably familiar with. We've got the unhypnotized show that Heather hosts on there. Yes. Um, so that's going after kind of like the woo crowd, you know, it's going after women, she, she's a, a hypnotherapist and has been for a decade, also very into
Starting point is 00:09:43 like astrology and the energy of the universe and this whole stuff that really appeals to a group that are not the core Bitcoin users. Right. And what I've noticed is that some of these communities, you know, they're, they're, they're sort of on the fringes of society in different ways. A lot of these people have experienced the problems of money printing, and they've started to identify the fact that the ever expanding reach of the government and the growth of the government's power through money printing is negatively impacting their lives. And we as Bitcoiners obviously think we have the solution to this. And so the idea is we want to get a bunch of these crossover shows going
Starting point is 00:10:23 that will appeal to the people that are already in these other communities and be a hook to make the next generation of Bitcoiners. So we're working on a lot of stuff with that. We're publishing a comic book that's coming out fairly soon. Pretty cool one that a friend of mine has written and developed that is all about like a hypothetical futuristic universe on the Bitcoin standard like 500 years from now. Draws heavily from like Dune and Anrand. It's a really cool start of a story in this first episode. And then we're getting into some product launch stuff. So I'm helping out with,
Starting point is 00:11:03 I don't know if you're familiar with the guys over at Bitcoin Manor. No. You met them there. They're out at all the Western Canadian events. I don't know if they make it to the Eastern Canadian ones as much, but they're kind of like,
Starting point is 00:11:14 they've been for years, they've kind of been like a local competitor to crypto cloaks. Okay. They make 3D printed Bitcoin stuff, nodes, cases, all this stuff. And they've just gotten to the point of having a product that I think is going to really be a hit. And they've essentially made this like, in some ways, it's a competitor to like a block clock.
Starting point is 00:11:35 It's like a screen that goes on your desk or your wall. And it comes in a few different sizes. But it's actually got a touchscreen. So it's a lot more versatile the products not even out really yet at all I'm just sort of leaking the info right now but yeah, we're gonna be launching that and We've got some cool ideas with that because it's gonna be on top of being able to be like a dashboard for your Whatever you Bitcoin stats you want on there, you know, you can throw time chain calendar or whatever else up on there But we're gonna be working on some custom stuff that's gonna integrate with a lot of these other products. So for example, we're gonna have like a smash buy button on there.
Starting point is 00:12:12 So, you know, you get you could set it up with a notification. Say Bitcoin just dropped 5% today. It might pop up and be like, hey, do you want to smash buy? That's it. And then we we'd have it connected to your, your exchange of choice. Touch the button, immediate smash by type thing. So, and then on top of that, um, we want it to be a hub for all of your, your bid axes, if anybody has a bid ax. So it's kind of like intended to be like the Bitcoin hub for your desk.
Starting point is 00:12:40 And, uh, yeah, it's, it's coming together and the guys are like, they're just crazy builders, which is what made me want to get involved there. Cause like, I just love people who build stuff, you know? Bitcoin Manor. I, okay. So I'm on the website right now on a separate window here. I had no idea this site existed, but I like some of this stuff.
Starting point is 00:12:56 I'm with you on the, not that I don't like my BlockLock. Obviously like I have one back here somewhere, but the thing I don't like about it is that it's not really interactive. You just kind of plug it in and it doesn't do much when you're not looking at it. And, you know, God love NDK, but NDK is not a guy who gives a shit about UI, I don't think. So like the BlockLock UI is really shitty and it's fine. It works for me. It works for the people who have it, but I would love something like that. That's a little more interactive. So I guess maybe to, to summarize there, you are not unemployed, which is nice.
Starting point is 00:13:28 I think we should talk about what's going on in Alberta, Dave. Danielle, your friend Danielle, I mean, the feeling here in Ontario from the normies is that she is a problem for Mark Kearney. She's a problem for Pierre Poliev in a different way and seems to only have allegiance to Donald Trump and the Mar-a-Lago crowd. That's one piece of her current zeitgeist. But the other piece is that she is at least right now openly talking about a citizen led referendum on Alberta secession. I think it was yesterday, the day before she's mentioned to the media that yes, there is a mechanism for the public to initiate something like that basically on a dime. Like it's a pretty, it's a pretty quick process. One that doesn't require any additional legislation
Starting point is 00:14:22 as far as I know. What is the mood out there? I mean, I think I know that you are a secessionist. I don't want to put words in your mouth, but what is the general mood out there? I know the Bitcoiners feel a certain way, but like the Albertans, are they aligned with us? Are they aligned with each other? What is the story? Yeah.
Starting point is 00:14:40 So I started talking very seriously in my circles about Alberta independence in 2019 when Trudeau was reelected. And I have a lot of oil and gas people in my network. I have a lot of people that would probably be considered on the conservative side of the spectrum. And by and large, what I was hearing back then was something to the effect of like, well, that'd be nice, but it'll never happen and now I think the Overton window is shifting and
Starting point is 00:15:10 we're getting to a point where a lot of normies are starting to see the light and starting to see that The deal that we're getting is Albertans in Canada is a very bad deal Like we're just getting screwed where we have the largest industry in the country, we have the most of the most useful thing in the world, oil. We have more oil than anywhere else in the world. And we can't really develop it properly, because we have no access to markets, which is exclusively because of the rest of Canada. We have no regulatory certainty. We've had major, major projects essentially cancelled because of the woke mobs influence. And, you know, the forces behind this anti oil and gas movement are very much a, like they look like they're environmentalist
Starting point is 00:16:02 forces, but that's really just nonsense. These are forces funded by American interests, funded by Warren Buffett, who have been set up to make it so that we cannot get our oil to market in an economic way and he can continue to make money sending the oil on trains, which is much, much less safe than a pipeline. And so now we're in a spot as Albertans where we're expected to pay for most of the expenses of the whole country, Quebec especially, you know, we're, we're disproportionately, very disproportionately contributing more to the
Starting point is 00:16:37 bottom line of Canada than any other province. And we're getting nothing back. And let alone the one major industry that has given us this prosperity that is really the root of the comp, like the concept of these, these equalization payments, these transfer payments, is the oil and gas industry. Our oil and gas industry is being stifled by the same people that we have to pay from the profits of the oil and gas industry. So we're going to hit on two ends. And it's just not a good deal. Alberta would be, as an independent nation, one of the richest countries in the world. There's no reason we shouldn't be Dubai, in a very literal sense. We have, we have capital projects that, you know, the government of Alberta has wanted to do and not been able to afford to do, that would drive economic prosperity to such an extent that it would be an unrecognizable society, I think, here in Alberta.
Starting point is 00:17:28 And that's been my opinion for a long time. And I think more and more people are starting to see, like, we don't need this. Like, I was just in New York last week for the birthday party of Ben, BTC Sessions. Great time. There's pictures on Twitter of that. And I was talking with Pablo from Bull Bitcoin. And he was like, Hey, can we like, can Quebec separate with you? Alberta? And I was like, why would we need Quebec? And he's like, I don't know, pastries. Like, like, we're not like asking around, like looking
Starting point is 00:18:04 in my friend circle, you know, trying to think of what do we really get out of Canada? Like, we're not like asking around, like looking in my friend's circle, you know, trying to think of what do we really get out of Canada? Like we get this national identity that's very, very profoundly eroded at this point. But at the end of the day, the only thing that Alberta really gets from Canada is the hockey team and being able to say that we're like part of the best hockey team in the world. And it's just not worth it. What about the downside drawback set? Like, you know, we hear on the news all the time.
Starting point is 00:18:32 I shouldn't say we, but the normie. I just, actually, it's funny. I talked about this on Monday night, but I'll mention it to you as well. My family's, you know, entrepreneurial, young. I have friends that work in tech, friends that are small business owners, family that share the same profile.
Starting point is 00:18:48 And around the table at a gathering we were at for my grandmother's birthday on the weekend, everyone talking about voting for Carney and inevitably you wind up heading toward this Alberta secession discussion. And everyone seems to think that the Alberta government isn't really giving a fair accounting of the books. Stuff like this, the equalization payments are not quite as bad as recent accounting has made them out to be. Although I should note that a few years ago, when Danielle Smith pitched the Alberta pension plan, the firm that gave her that accounting was led by Bill Morneau, liberal finance minister at one time. People don't realize that, I don't think.
Starting point is 00:19:23 But there's a number of other criticisms, including that Alberta actually can't succeed on its own because the costs of running a small country are more significant than running a province. And that oil and gas profit doesn't really seem... It's not as big as it seems when you're just sort of crunching raw numbers as opposed to running a nation. You know, what are the drawbacks to succession for you guys? Are there any, maybe is the better question. And what do you tell people when they shut down a conversation over something they heard on the news? You know, you're never arguing with someone's original thought.
Starting point is 00:19:57 You're always arguing with the last person they saw on the television before they started talking to you. So, most of that's nonsense. The transfer payments, this is public information. It's on the government of Canada's website. They have a graph about it. You can, you can see it. You can look it up. We've paid hundreds of billions of dollars into this country and received literally nothing back the whole time. That's, it's just math. That's the kind of math that can be verified. That's the kind of stuff that would need to come out and everybody can double check the numbers online. And if we were in the midst of a referendum, I would expect that at least a
Starting point is 00:20:32 certain percentage of people would want to be informed about that, right? So there are those facts. The second piece that like, it's too expensive to run a country, like that's absurd, right? Like, right now, as Canadians, and as Albertans, and as a Calgarian, I am under, depending on how you measure it, between four and five levels of government, if you include the globalists. And I don't see a need for more than one. It's just absurd to suggest that we need the help of Ontario to somehow manage our affairs in a way that, you know, makes sense. And the fact is, the larger that you make a government, the worse they get at everything. That's something that every government in the world has proven time and time again. And we've seen nothing but that from this federal government, you see these things coming out that are, you know, very much like the Doge Government Efficiency Office, where you see these, you know, amounts of money being
Starting point is 00:21:31 sent to parts of the world that have really nothing to do with us as Canadians, let alone us as Albertans, and things like teaching modern arts to the wives of Afghanistan tribesmen. Like, does that help Albertans that some of the money goes that direction? And it's no surprise that people in the Toronto area would have this view because Toronto is a very, like, the prevailing view in Toronto is that it's the center of the world. Yeah. Right. And we wouldn't be okay without Toronto. But the fact is that Toronto, more than anything else, is a leech on this country, right?
Starting point is 00:22:05 Toronto is the entity that has positioned itself directly under the spigot of money printing, and they've got their mouth open and they're drinking as much as they can. The financial industry in Canada is probably the most corrupt in the world. You know, every time you look, there's like a multi-billion dollar fine for trafficking trafficking cartel money laundering, like from from TD or or not. There's always I turn on the news today. And by the news, I mean, Twitter and saw a post about the leverage ratio for CIBC. And it's one of the worst banks in North America. And so in my view, Toronto is very much a leech. Toronto is a leech on Canada as a whole. And disproportionately, Albertans feel the brunt of that, because we're the ones that are actually producing something that
Starting point is 00:22:54 people need. People don't need CIBC. People don't need TD. People don't need this mountain of financial products that the this mountain of financial products that the Bay Street types would have you believe, you know, we could subsist on Bitcoin and credit unions very easily. And meanwhile, what we actually need at every level is for the government to get out of the way of private industry and allow us to develop our oil resources, allow us to use market forces to decide where the capital will flow and really grow in the way that I'm describing. We should be richer than any Middle East country. We should be the literal richest country in the world. And instead, you know, we've been under this liberal regime that has squandered an unprecedented amount of money, printed more money than ever before, and allowed more, you know, culturally incompatible
Starting point is 00:23:47 immigrants from all over the world to flood our country. Yeah, taking up our homes, collecting benefits, and, and really, like, those, those interests for the average Albertan have become completely diverged from what the federal government is telling us we should want. And that I think is the core of why this separatist idea is creeping into the mainstream. Like it's becoming a more common thing that you know you stop a normie on the street in Calgary, especially downtown Calgary here where you know most people are in some way related to oil and gas, and the chances that you get somebody who's at least cautiously pro-independence will be very high. That's important. The elbows up thing, I think, was like a major miscalculation by the government for a couple of reasons. One, yeah, there's clearly cultural fault lines that have emerged in a major way in this country over the last
Starting point is 00:24:45 10 or so years. You know, I hate to pin everything on the recent liberal government because it didn't start with them, but it did accelerate under them. And you know, when I look at regions near me, obviously Brampton famously, you know, 50, 60% Indian at this point, I was speaking with a fan member. I doubt it. Higher. Yeah. Maybe higher. Yeah. It's Yeah, maybe higher. Yeah, it's probably probably 80 or 90%.
Starting point is 00:25:07 Yeah. So like there was a little while ago, it's like, you know, it's, it's 8% white. And by the way, okay, like save me the fucking hate mail about racism and xenophobia. I don't want to fucking hear it. If you can't, if you can't figure out what the commentary means below a surface level, that's really a problem with your IQ and not with my internal compass. You know, you're not a mind reader.
Starting point is 00:25:29 I was speaking with a family member on the weekend and one of the things that he mentioned to me was a friend of his in a local school board, I won't say which locality, but near me, is seeing layoffs in the public board at the level of like standard teachers for the first time. The reason they're having layoffs in the public board at the level of like standard teachers for the first time. The reason they're having layoffs and this is, I honestly couldn't believe this. The reason they're having layoffs is because a lot of immigrant families don't want their kids to be exposed to
Starting point is 00:25:56 modern sexual education. And whether you're for that or against that, the fact of the matter is that was never a problem 10 years ago. And now, all these kids are going to Catholic schools because you don't get exposed to that sort of educational diet while you're in a Catholic school. And so, I said to my uncle, who's very, I think, pro-carny type, the thing about this is that right now, this is just a problem we're talking about at the table. But in 15 years, that's going to be the person running for public office in your area or in my area or in some other area. And if you think that that cultural shift is not going to affect their thinking during their time in public office or that with the population density of their peers,
Starting point is 00:26:42 well established at this point and only entrenching itself more, that they're not going to win every election easily. I guess I would just point you to Brampton or point you to Minnesota in the United States or wherever. There's a number of different localities where this is already happening and the results are clear. That's number one. So the elbows up thing I think woke a lot of people up to hang on a minute. Who exactly am I putting my elbows up for here? And number two, I would say the elbows up thing turned a lot of people off because it kind of jogged their memory about the last few years, right? Stores that were price gouging
Starting point is 00:27:12 you a year ago and now they suddenly found a nationalistic stripe. I'm not sure about that. Canadian manufacturers who won't hire Canadians but instead put up fake LMA postings to bring in Indians for that work to keep wages low. A lot of people, a lot of thinking people, I should say, looked at those moments from the last five or so years, including by the way, I think the COVID vaccine thing, like, you know, a lot of people will remember in 21 not being able to go to stores because they were hesitant to get the jab or the second jab or whatever, you know, whatever their status was at the time. I don't have any allegiance to them.
Starting point is 00:27:46 And people younger than me, you know, I was born in 87, people younger than me, what country is it that you're supposed to be going to bat for? Is it the one that you can't afford a house in? Is it the one that you can't raise kids in? People giving Pierre Poliev shit for talking about biological clocks and families that wanna have children but can't afford it, That's a real concern.
Starting point is 00:28:07 To watch this swarm of childless cat ladies just ambush the guy on Twitter is honestly unbelievable. You're sort of demonstrating the guy's point that we needed families because families give you a way to think about your life and the future of your country and your name and your bloodline in a way that you would not otherwise have. And as soon as someone I don't know who in the past is wrong to me tells me, I have to put my elbows up to defend this country, this culture, like you said, which has been eroded to say the least, but like literally and figuratively torched over the last two or three years, I
Starting point is 00:28:42 just, I'm not buying it. I don't blame Albertans for feeling the same way. Yeah. So the elbows up thing, I think is one of those examples of where the federal government has fundamentally departed from the best interests of the country. And like I said, I was in New York last week. Nobody has a problem with Canadians. Like nobody really cares about this trade dispute in the US. I don't think that this is a case where the average Canadian has a reason to have animosity versus the average American or vice versa.
Starting point is 00:29:17 I'm very proudly right now. You know, I went to New York and spent my hard earned sats. One of the things I got was this Opus X Arturo Frente Opus X cigar. One of the best I got was this Opus X Arturo Fronte Opus X cigar. One of the best cigars you can get in the United States that I'm now smoking along with my American whiskey here. And, you know, I'm supporting our friends to the south, like, and very specifically because of the Elbows Up campaign, because I'm being told these are our enemies. And it's getting to the point where, if these people tell you something,
Starting point is 00:29:46 one of the best sources of truth is to ask a liberal something and then just believe the opposite. Right? Like their ability to be wrong or to lie is better than any other source of truth out there. And so you can almost always just take the opposite position and this is a very obvious one. You know, we're in a position where the government
Starting point is 00:30:04 has not been following the best interests of Canadians. And, and back to the point about immigration, like we, we, we, especially in Alberta, we should be a resource-driven economy. And we should need a ton of immigration, right? We would need a ton of immigration, if not for the fact that our major industry has been so stifled. And we should be going to the world to find the best and the brightest people to bring into our country, to integrate into our country, to become part of our country and build with us. And instead, what we've done is we've just brought in absolutely anyone. And not only have we brought in absolutely anyone, we've incentivized people from these countries to come over here essentially as a vacation.
Starting point is 00:30:45 Yeah, you can come in on a refugee visa, start collecting benefits, start collecting housing benefits and virtually live on the dime of the government. And that's just a very significant incentive compared to living in India. And that doesn't add anything to our country. Right. Like, I'm very much in favor of, like I don't care about anybody's race. I'm very much in favor of having a mix
Starting point is 00:31:09 of different cultures. Like I think Canada is a really rich place because of all of the immigration that we had through the 80s and 90s. And we have all this amazing ethnic food and all these different perspectives and all this stuff. But it's just gotten to a point where they're bringing in so many people
Starting point is 00:31:24 who don't care about Canada at all, let alone Alberta, and are just here to collect the paycheck. And that's very distinctly not in the interest of the average Canadian, who has their wealth diluted by the money that they printed to provide those services to these people that have nothing to do with us. And that's, that's the crux of it. It's just, it's just one of the different ways that, that we've got a bad deal here. Basically, every single way that the federal government spends money is a bad deal for Albertans. That's an understatement. The immigration thing, I'll stay with this for a second. The problem that I have as well is that I'm constantly being told that we're looking for
Starting point is 00:32:01 and finding the best people to come here and work in Canada and better our economy and things of this nature. But what I actually see is people coming here and basically winding up in the exact same boat that the rest of us have been in, you know, not you and I and probably not a lot of people listening and watching this show, but younger people, the same both of these people have been in since they basically finished their post-secondary education, right? You sold a false bill of goods at the university level, college level. You can't find a job, can't find a house, can't find a partner because every girl is on Tinder now and Pareto is
Starting point is 00:32:33 ruining, you know, your game. And so, you know, what are you left with? Well, you're left with the same thing that the recent immigrant is left with, right? You're working gig jobs, delivering for Amazon, living with roommates, you can't establish yourself, can't put down roots. And you wind up in a situation where you're not really, you're not loyal to not only to your country, but you're not loyal to your community either. And I look at the place I live and I'm sure you're in a similar boat there in Calgary. I have some family in Calgary actually. I look at my community and it's established families, you know, like my wife and I, we have a young one and we've been here for a few years now and
Starting point is 00:33:09 I'm from the area, she's from the area. So when I go to the park, Dave, there's no garbage around. People care about the community they're in, right? I don't have to worry about people speeding through my neighborhood or crime or little things like that, right? And the reason for that is because there's some level of ownership. And when you have people living this sort of fly-by-night lifestyle, not their intention, I'm sure, to come here and live that lifestyle, but they're relegated to that thanks to the situation here economically and sort of societally. They have no ownership of the area they're in. And that's how you see these... I hate to use the word ghettos, but they do seem like ghettos. Toronto has become one giant ghetto.
Starting point is 00:33:49 Everyone's a renter. No one cares what happens outside the common area in their condo. And you look outside and it's just like one guy, fentanyl bent over, another guy pissing himself if he's not pissing on you, dog shit, everyone's smoking pot, everyone self-medicating in some way. And that's just not a good way to run community. I'm even more concerned about this because I just saw last week that Mark Wiseman joined Mark Carney's campaign as the chairperson. Mark Wiseman, the CEO of the Century Initiative, co-founder of the Century Initiative. Maybe this is a good transition, right? What are we as Canadians
Starting point is 00:34:27 to make of Prime Minister Carney? I can't believe I'm saying that. It's almost like a fever dream. He's touring the world and negotiating maybe the most important trade deals of the last century, maybe since, let's say, since NAFTA in 88, you know, what do you make of all this? What is anyone supposed to make of all this? It's been a bit of a whirlwind. Yeah. And I mean, it's actually crazy. Like the world that we're in has been the most ridiculous timeline. I like the theory that when they turned on the Large Hadron Collider in like 2006 or whenever, that it forked the universe. And we're now in the most ridiculous timeline Because I don't know how else to explain how ridiculous everything has gotten. We've got a guy who is
Starting point is 00:35:16 Who hasn't lived in Canada in over a decade someone who is a foreign citizen Someone who has self-identified himself as a European. Yeah, someone who is not elected So we have an unelected foreign citizen leading our country right now. And that's completely insane. Somebody whose interests are very clearly aligned with, you know, as I was saying, the global elite, the, the fourth and fifth layers of government that, that essentially want this, this great, great reset. They want to, they want a single government, a single-world currency. They have a very totalitarian view of the world, wherein essentially what they believe is that as the as the smartest people in the room, which they think they are, you know, they're very much at the top of the bell curve. But, but these, these, you know, traditionally educated people with a lot of letters after their name in their ivory towers can actually manage the economy and really all the global systems better than the market can. And that's the fundamental flaw. That's why they're going to lose in the end, is because that outcome has been proven time and time again to be false, right? Like, we, we know that a managed economy will fail. We know that humans can't really conceive a system as
Starting point is 00:36:27 complicated as a market, as complicated as the climate and ecosystem, the ocean, even a river. Try and, like, come up with a mathematical model that describes a river. Like, you can't. And, and, and attempts to do that inevitably fail, and attempts to do that inevitably fail, because the moment that you get one misinterpretation of even a single second order effect, this is like I've talked about on a bunch of podcasts, a little bit on my own show as well, about the Cobra effect. It's this idea that humans can take in every detail
Starting point is 00:37:03 that we might need to make a decision. And then all we need to do is be smart enough we'll make the right decision that's been proven wrong time and time again yeah and the the the Carney liberals the globalists will be no different and you know in the in the short term they've tapped into this incumbency that they have through the Liberal Party through the way the election systems work, through the way that confederation works, to really give power over a very large amount of society to a very small group of people. And we had this situation in the last election where Trudeau was re-elected, where, you know, the election was over before polls had closed in Calgary. We don't even really get a say in who was elected, let alone a proportional voice. And that's even worse if you take it
Starting point is 00:37:52 into the economic level, right? I could argue that you could make a case that Alberta should have a greater voice per capita in confederation than the rest of the country because we contribute more to it. We're a more useful place. We generate more wealth. We have more capital. We put more into the pot than we take out. And in fact, it's completely the opposite of that. And so, yeah, I mean, we're in the fucking Twilight Zone at this point. And this guy is so delusional. delusional, I tend to lean towards the idea you see the polls, you know, he's leading in the polls. Yeah, you see he's he's dominating poly market. Yeah, but I think what the liberals figured out the liberals have for a long time, the left in
Starting point is 00:38:34 general, for quite a while, going back to, you know, the the first Hillary Clinton, Donald Trump election, the left has really tried to use manipulated or fake polling to give the impression that they're running from the front. And especially for somebody like Carney, who is representing the liberal party who has really over the last decade just like flushed this country down the toilet. Like we've never had, we've never had a period where things went so wrong so quickly and he can't run on that record. So he has to run on this fictional idea that somehow everything's going great for Canada and that only works if he's running from the front. And if you look at the, if you look at polymarket, the depth on those markets is actually quite low. Yeah, it's actually, it's actually, it would take a couple million bucks to move that very
Starting point is 00:39:28 significantly. So I think the liberals are betting on themselves to make themselves seem like the frontrunners. I think there is a very high likelihood that, that they will not win this time, because just the sheer realities of the situation has caught up to enough people, right? I think something that has gone really underappreciated that I realized recently, you go back 100 years, you know, or so, foundation of the Federal Reserve, the first invention of income taxes and the idea that you should be taxed
Starting point is 00:40:00 for being useful somehow. And those taxes were very low. Like the amount of resources that the government confiscated from society as a whole 100 years ago was quite low compared to now. And the remarkable thing is that during that time, 100 years with the transition off the gold standard, transition to the modern monetary theory
Starting point is 00:40:21 and all the money printing and Keynesianism and all the nonsense that they've attempted, the government has grown, the bureaucracy has grown, the amount of money that they waste or steal has grown to such an extreme extent. But the incredible thing is that up until like maybe 2018-2019, the pace of human ingenuity and the amount of growth that we've been able to achieve has actually outpaced the government's stealing. And that's how we've built the world that we have today. Virtually everyone in the world has a higher quality of life than they did 100 years ago, because everyone is more useful because technology has been leveraged, industry has lifted everyone up, and we produce a lot more prosperity as a human race than we did 100 years ago.
Starting point is 00:41:07 And it's only recently that the government has crossed this line in the sand where they're actually taking more than the level of growth. And now they're taking so much and they're not only are they taking so much, but they're actually misspending it in so many drastically ridiculous ways that actively impede industry that they've started to actually hurt the lives of people. You ask the average person on the street about inflation in 2018, maybe they've heard of it, maybe they haven't, but they probably didn't care. Whereas now everybody knows and everybody cares because food is way more expensive. The one thing I think people don't take into account, and be curious to hear your thoughts about this, you mentioned there a little bit that government overreach has up until recently been outpaced by ingenuity and the entrepreneurial spirit, let's say. Everyone who built something great over the last hundred
Starting point is 00:42:05 years did so even though regulation to any weaker man would have stifled them. What is the term? Strangled them in their cradle, right? But we've had so many great people over the years that just said, you know what? I don't care. I'm going to build it anyway because this is something I want to build, something people need and I can do it. I think we're getting to the end of that era. And I look at guys like Steve Jobs, Tim Cook. Steve Barber. Yeah. Steve Barber. Yeah. Steve Barber, world-class entrepreneur, friend of the show. The thing I look at is like, if I look in the States, I see there's like two tiers of true, true tech slash entrepreneur, you know, manifesting type people, oh my God, my camera
Starting point is 00:42:54 stinks, manifesting type people who will say to you that like, look, I can either go against the government or just let this thing die and forget about it. Here's, here's, you know, my two options. Elon is basically the only guy left Dave, who has the resources and the nuts to keep putting himself on the line to make this thing work. And it's, it's gotta be frustrating for people because when I look at Elon, he's the guy who's got the most money, the most resources. He had to buy the town square from the left to make sure his ideas continue to get out there. Then on top of that, he's subjected now to all sorts of stuff, from lawfare to attacks from maybe the mother of his kids, maybe not the mother of his kids,
Starting point is 00:43:38 to foreign governments threatening to ban his service if he doesn't censor things they don't like. He basically had to do everything that he probably said he wouldn't do a year, two years, three years ago, because if he didn't do those things, then he'd be relegated to either another country or another silo of expertise or whatever. This guy, Dave, has done more for the human race than almost anybody else in the last hundred years, from the electric car to Twitter to SpaceX had to rescue government astronauts from their vessel after a year being stranded or nine months being stranded, whatever it was. When the government before this government told him, no, we won't accept your offer. We're going to figure it out ourselves. They couldn't do it. I don't know that there's a fix for
Starting point is 00:44:29 these things because I think at the end of the day, it is an issue of scale. Government has become too big for its bridges and regardless of who's at the helm, the grift and cons and theft and money laundering are just going to continue. And so I have a word of caution for the Poliev people, and I'll vote conservative, sure, but it's a vote harder situation, if you ask me. If you think that the inertia that's already hit this country and started sending us this direction
Starting point is 00:45:02 is going to be resolved by a guy who I think is probably not as well equipped as a politician as his supporting, as his base supporters think he is. I think you have another thing coming. I really don't think that there's a fix for this at the political level. Yeah. So I have to touch on one thing first. I think the viewers probably really appreciated when your camera was down because the average good- lookingness of everyone on the show went up. Yeah. But, but beyond that, so Elon's an interesting case because Elon is the king of the fit men, right? Like he played the Fiat game better than anyone else. Yeah. He invented a product that makes no sense. Like it, like it's, it's just not happening happening like electric cars are not happening
Starting point is 00:45:45 period it's impossible physically for electric cars to happen at scale and he used the prevailing winds of eco green communism to essentially tap into the fiat spigot and pour all this money into his very flashy version of this very fiat product. And the interesting thing I saw the take the other day, basically whoever, whoever like converted or scammed his son into becoming trans may have been the one to save America in the short term because it was that moment when he was personally impacted by the insanity of the woke left that led him to believe that he had to address this and he had already accumulated these massive resources with the help and permission of the left he
Starting point is 00:46:39 was very much the leftist spying the Tesla's the whole time obviously totally tech tech bros also but like a lot of leftists, virtue signaling driving their electric cars a short way before they charge them again and drive them a short way again. And so in a lot of ways, we're very lucky. And I think what's going on in the US is a good example with Elon and Trump.
Starting point is 00:47:04 These are still Fiat people. These are people that are part of the regime that uses violence to subjugate us, confiscate our resources, and then redeploy them. That is the MO of the nation state. And the United States government has confiscated more resources and deployed them in more catastrophic ways than any government in the history of the world. Right? Like, this might be the most evil organization that has ever existed. And it's reached such a scope that we've seen with all this USAID stuff and, like,
Starting point is 00:47:50 the sheer volume of the grift had gotten so intense that, like I said, the, the, the, they were overdoing the growth. They were outpacing the growth with their grift. And now Trump and Elon have stepped in, brought a, and I'm not, I'm not a fan of either one of them, honestly, but they've brought a modicum of common sense back to that to say like, you know, let's get rid of the worst of this nonsense, at least. We could really use that in Canada. I don't think Poliev has the political will or mandate to do that. I think Poliev, and you saw this with his early Bitcoin position, you know, he was, he was pro Bitcoin because it was anti-inflation, he was banging the drum on inflation, You know, he was pro-Bitcoin because it was anti-inflation. He was banging the drum on inflation. And then Bitcoin dropped, and it was a political disaster for him. And Trudeau got to make fun of him for like a month. And now that's completely passed. Obviously, if anybody who took Polio's advice, like four years ago or whenever
Starting point is 00:48:37 you're saying, like, buy Bitcoin to opt out of inflation, has done really well, obviously, like exceptionally well. They probably two and a half times their money. But because of the fact that there was that moment of political weakness, he's essentially given in to the consultants that are in his ear, to the political machine that drives all of this stuff. And now my take, and very much from the outside, is that he's essentially building just a different group of grifters.
Starting point is 00:49:06 Yeah. You know, and, and the promise that we're getting from Poliev is very much the same as the promise that we're getting from Trump is that, Hey, we're not going to steal as much for now as the last guys did. We're going to be the ones who get to steal, but we won't steal as much. And Poliev doesn't even really have the balls to come out and say that the things that we actually need, we need, we need a doge much more than the US does our government spending is much more to control the United States, and arguably spent on dumber things like they at least get the world's largest military out of their, their spending, we don't really get anything out of it, We get those art classes in Afghanistan
Starting point is 00:49:45 and painted sidewalks and, you know, there's stuff that has literally nothing to do with us at all. And I can't see Poliev having the political will or the backing even from his own circle to go against those special interest groups and start to say, hey, like these unions are fucking up our government jobs. The these, you know, civil servants are making too much money. The size of the bureaucracy has gotten too big. The spending
Starting point is 00:50:14 decisions have left the purview of our elected officials. And we really need to just get this back to sanity. I fully expect that if Poliev gets in, that he's going to, he's going to fix some things. He's going to make things immediately better in some, some specific ways. You know, we might get to be able to build some pipelines in Alberta. We might get the carbon tax removed. We might get a call on some of the out of control spending that's being announced and, and, and really like the fantasy type spending. Like, I don't know if you saw, saw Carney's like housing announcement. Oh my God. I don't remember what the numbers were,
Starting point is 00:50:48 but like when you do the math, it's like, he's going to build 500,000 homes. Can't be done. It's never been, it's never been done. And we actually have less tradespeople now than we've had in the past is on top of all that. Well, and the math just doesn't add up because the number was, it was like $70,000 a home. So he's pledging to use. It's just a fantasy. And the reality is that if Carney gets in and he enacts this multi-billion dollar housing plan, it's probably going to be dozens or maybe hundreds, or if they're very lucky, thousands of homes that get built. I don't even think there's a chance they build 10,000 homes, let alone 500,000 homes. Because the government is just
Starting point is 00:51:25 very bad at doing anything. And when you get to a large scale, they get even worse at it. They're bad at housing specifically for a number of reasons. One, because they don't understand what housing means to the average person. When they see housing shortfall, they see door shortfall. That's not what the average person sees. When the average person thinks about how they can't afford a home, they're thinking about, like I said earlier, a place where they can put roots down, build community, have a backyard. We had Dan Hess on the show, more births on Twitter, maybe five months ago. And he was telling me that there's two big indicators when it comes to what will cause or incentivize family formation in
Starting point is 00:52:06 millennials and in Zoomers. The first is, are you part of a church? And the second is, do you have a backyard with grass in it? And if you don't have those things, one or the other, you're not going to start a family. Carney, you know, he's not, he's not really, he doesn't have a lot of finesse when he speaks. A lot of people think he's kind of a sharp tongue or whatever, but he actually is not really a guy with a lot of finesse. I'll give you an example on the housing portfolio. When he talks about those houses, he mentions that they're going to be sustainably built, green homes.
Starting point is 00:52:38 They're going to go up quickly and they're not going to cost a lot of money. But you never hear him talk about quality, number one, and you never hear him talk about who's going to own them. And when I look at those two things, it's concerning to me because he mentioned that he visited his old company or place he worked or cared about, Atco. For people who are unfamiliar with Atco or unfamiliar with Atco, Atco manufactures and sells the trailers you often see on construction sites with a thousand double doubles on the railing at the door, the two steps up to the door there. That's not a place you want to be manufacturing a spot where you're raising your children and resting your head at night, number one. Number two, when you think about 500,000 homes,
Starting point is 00:53:23 let's say he gets them all built. Dave, where's he going to put them? Is he going to put them in places that are leaning toward becoming burgeoning metropolitan areas and all they need is some people to come there? If we build it, they will come situation and things will pick up and you'll have a little city of 30,000, 40,000 people, two hours outside of, I don't know, Muskoka or something that you don't have right now. No.
Starting point is 00:53:52 Like what's going to happen is the people who want the homes are going to want to live in places they can't afford and that's where they want the homes to be because otherwise what's the point of building affordable housing? I can afford to live out there already. I want to live here instead. So you end up putting them next to industrial areas or you end up putting them next to supervised injection sites or you end up putting them next to elementary schools
Starting point is 00:54:15 where there was previously zoning against such things. And you try and sugar coat it and put as much lipstick on that pig as you can. But it just doesn't ever change. And then the third thing, I hate to say this again about my fellow man, but the kinds of people who are gonna be living in $70,000 Acco trailers are not the kind of people
Starting point is 00:54:33 you wanna be living around, period. And if you think that those communities are gonna be friendly and that you're gonna be able to leave your car unlocked if you have one, or you're gonna be able to put a pie on your window, or leave your garage door open, or tie up a bike on the front step of your trailer, you're not gonna be able to, okay? It's gonna, it's gonna look a lot less like sunny ways and a lot more like sunny veil. And I don't think people
Starting point is 00:54:58 realize that. And when I hear these stories about these just fairy tales, 500,000 homes, three years, everything's gonna be done by the government, like everyone has seen these pictures of the Soviet high-rise ghettos, who, no one is asking for that. They're asking for a place to call home, not a place to go in between working for minimum wage at a job they don't give a fuck about trying to get laid on Tinder. No one is asking for that. They're asking for a home. And there's a clear distinction between what they hear when you say home and what they think when they say home. And until they reconcile that, there's just
Starting point is 00:55:36 no, there's no chance that the average person is going to be voting for these guys, regardless of what that nonsense polling says. So the first thing they're going to do, they're going to put them wherever they need the voters, right? Like that, that's kind of inevitable. But this is the fundamental problem that I'm talking about where the government can't really make good choices because they're not going to respond to the market and what you're describing, and maybe there are some people who want to live in $70,000 Acre trailers, but the market can figure that out Right and if there's a demand for $70,000 at Co trailers
Starting point is 00:56:12 like somebody will make them and somebody will live in them. Yeah and more importantly the demand for like normal single-family homes like That's what the market Demands right And right now, the reality is that it's very difficult to even earn enough money to afford a single-family home because the real estate market has been so distorted by the money printing, right? Like the real estate has taken on the qualities of money, right? People use real estate. Even going back to, like, like, you're a little bit younger than I am. But like, you know, I'm sure your parents always told you about how good of an investment a house is always, right. And it's, it's
Starting point is 00:56:53 because that generation had the luxury of buying homes before the accelerated money printing, which started in 1971, had 1971 had really hit the housing market. So like my parents bought a house in Calgary when we moved here in 1988. And it was, I think it was $80,000. And it's like a normal single family home, great place to grow up. It's probably 10 times that now, it's probably around $800,000.
Starting point is 00:57:23 And it's the same house. There's no added utility to this house as compared to what it was in 1988. And that's true across the whole market because people use their homes as a place to save value because even those who don't instinctively or sorry, who don't intellectually understand what's going on with their money have sort of instinctively chosen places where they can store money. That's why you see such a growth these days in collectibles. That's why index funds are through the roof is because saving money in dollars is a losing battle and everybody knows that these days. And so
Starting point is 00:57:57 people put their wealth into other things and real estate has been something that has been just pumped up as this great idea as a great place to save your money. And if that were not true, and homes were priced based on their usefulness in the market, based on essentially the utility value, there's a huge utility value to a house, you got a place to live, you got a roof over your head, it keeps you warm, you got a lawn, all that stuff that's very useful. But I would guess that the actual utility value of a home is somewhere between 10 and 20 percent of the current price in most places in Canada. And if we were able to use the free market to allow homes to be repriced on a standard where there was a form of money that could actually allow saving,
Starting point is 00:58:40 with obviously a Bitcoin standard, I believe that that alone would solve the affordability crisis in homes in a much more direct way than any kind of government intervention possibly could. You do need another vehicle for savings and monetization that's not real estate. People hate the boomers for what they did with real estate, but like what, they were incentivized to do that. Why would they have done anything else? I don't know any boomers basically who don't own at least two properties. And I think why the hell not? That's... It was the obvious thing. They couldn't articulate it. And to be honest with you,
Starting point is 00:59:14 Dave, a lot of them still can't. They still think real estate is the thing to buy. They still think it's the best investment. They think it was a good investment. Yeah. You know, like they're the genius, right? But they couldn't see that the wave was really just bringing all boats a little higher and it had nothing to do with them. I don't hold it against them. Although I do think that the boomers, in this election cycle, the boomers will feel pain if they vote for the liberal party and the liberal party wins because they don't control their income. Their income is tied to an inflation number that is a blatant lie. For people who don't know,
Starting point is 00:59:50 I think in the US, I hear if it's here in the US, maybe both countries, there's still such a thing as a digital tape in the inflation numbers. That's a DVD for people who are unsure. So I don't know how much DVDs are contributing to your weekly expenses, but government economists seem to think that it's worth measuring month to month what those things are worth. My guess is it's been a zero for a long time in real life, but that's neither here nor there. They can't control their income. And maybe the most important thing is they can't move.
Starting point is 01:00:16 So as neighborhoods and communities deteriorate thanks to these policies, there's really nowhere for them to go because although the nominal value of the home is increasing, the real value against other peer homes on the market is staying the same. And if your neighborhood is eroding, then other kind neighborhoods are also eroding and you have nowhere to go. And I don't think they realize that. And part of me wants them to win, the liberals to win because I want the stove to get hot for the over 60s in a way that it has not been hot before, because they need to feel some
Starting point is 01:00:48 pain. They need to learn what the rest of us have been experiencing for the last 10 years. Yeah. And there are still a lot more insulated from this because they have those home values. Right? Yeah. And I think it's interesting to talk about the word investment here, because this is something that's tied up with Bitcoin all the time. And I don't, I don't believe Bitcoin is an investment either. But a home shouldn't be looked at as an investment, because what an investment should be is a way that you deploy your capital, whatever form of capital that you've earned and saved, in a way that you feel will grow in usefulness and therefore in value, right? So you want to invest in the business, it's because you think they're going to use the capital that you invested in the business to grow the business, and then the business will be worth more value. And then therefore your investment will be worth more value. And that's just not true with homes, for the most part. Like people improve their homes a little bit. People flip homes, those can be an investment in that sense. But in in in real
Starting point is 01:01:46 fundamental terms, like I mentioned with my parents' house, it's the same house. It's like it's updated from the 90s compared to now. But it's, it's fundamentally the same thing. It's got the same number of rooms, it serves the same purpose. It's not actually significantly more useful, and they're not, therefore not significantly more valuable than it was 30-some years ago. And I think that's the disconnect there. People think that because something goes up in value, that it's an investment. And the same is true for Bitcoin. Bitcoin has not become more useful. Bitcoin is exactly as useful as it used to be. It's just become more scarce, because the supply is fixed and the demand goes up, and therefore it becomes more useful for saving value over time.
Starting point is 01:02:31 And then people again, conflate that with an investment of capital. And that's kind of where the rubber hits the road is, like if you wanna call something an investment, it better be because it's actually going to grow. It's actually gonna give you a yield or a return of some kind. And that's just not the case with like, your primary residence, your single family home. Yeah. Totally agree. Dave, this is a fun hour, man. I don't usually drink whiskey on the weeknights,
Starting point is 01:02:59 but I told my wife that I was sure you would be having a whiskey and smoking inside. And she said, you are never going to smoke inside. And I told her that, uh, I could write you a doctor's note. Yeah. I have smoke inside better from my lungs, the outside air, more polluted here in steel town. Well, I'll tell you what though. So there's some recent, I went, I was on a flight yesterday. I went down a big rabbit hole as you know, the best use of time on a, on a flight.
Starting point is 01:03:23 Um, and there's actually pretty significant research that is is getting to scale about how nicotine is good for your health. Oh, yeah. And we've had some pretty interesting anecdotal stuff like at Miami 2021. We went down there with the Bitcoin well crew. We had like a bunch of us staying in a house, I think eight of us in the house, and literally every single person who was smoking cigars was fine. And everyone who was not smoking cigars got COVID. And it, and my first thought was like, okay, you're kind of like disinfecting your hands and mouth. And maybe that's what's going on. But what it comes down to is that a lot of these respiratory diseases actually use your nicotine receptors to get into your system. Yeah. So if your nicotine receptors are saturated with nicotine, nothing gets in. And then on top of that, these are very good for your mental health. Are you a Zen guy? No? I'm not. I would like them a lot, I'm sure. I've never been a cigarette smoker. I've never been a vapor. Um, I like cigars for a few reasons.
Starting point is 01:04:29 They're, I like, I like the ritual. I like the fact that there's something that slows you down. You know, you can, like, we've been on here for an hour. I've been smoking the same cigar. This is, this is not something where you pop out, get your nicotine fixed. It makes you sit down, enjoy the comfort of a nice chair, nice whiskey, the company of others. And it can be a real bonding thing as well. And it's something that I'm glad is coming back into popular fashion. And I think like we had a bunch of cigars down in New York at Ben's birthday. And I think it's only picking up. I think Bitcoiners will be the cigar smokers of tomorrow. birthday. And I think it's only picking up. I think Bitcoiners will be the cigar smokers of tomorrow. And now that I think about it, this whole ethos
Starting point is 01:05:11 that I was talking about with our events and media company is I should get somebody to do a show that is in some way a Bitcoin cigar crossover. I know just the guy to do it. I think he may already be doing it. Before we go, tell people, I didn't mention your show. I don't know if you call it a show. I don't know what you call it, but you put these videos up once in a while that are like seven minutes, 10 minutes, 15, sometimes shorter, one thought, two thoughts, a few Stokey pulls, and up she goes. What is that all about? Yeah. So it's mainly based on the idea that the world needs to hear more of me ranting.
Starting point is 01:05:52 And so yeah, the show is called The Bitcoin Hour. I actually have a whole bunch recorded that I have to just run through the editor and post. And I'm going to probably be getting to that again in the next couple of weeks. But yeah, the idea is, like I say, it's called the Bitcoin hour, but I rant for about five to 10 minutes or whatever. And then at the end of that, I always say, Unfortunately, the government has confiscated the rest of the hour. And so that's all you get. And that's, but it's, it's, it's a pretty good metaphor for really the way that all of our resources in society are distributed right now is the government
Starting point is 01:06:25 takes a huge percentage of everything. And so yeah, I'm going to keep doing those. I think those are pretty good. And I have a long list of things that, you know, the Festivus Seinfeld episode. Of course, the airing of grievances. Where he's in the area of grievances, he's like, I got a lot of problems with you people and you're going to hear about them. Thanks for listening and watching everyone. We'll see you next week for the usual episode. Take care.

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