The David Knight Show - INTERVIEW Getting Off the FINANCIAL Grid

Episode Date: September 18, 2024

Aaron Day, DaylightFreedom.orgAaron stresses that CBDC is effectively already in place with the surveillance state currently operating in the banking system AND with crypto.  Aaron is living off the ...financial grid using gold, silver, and privacy coins and he talks about the practical aspects of what that looks likeFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

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Starting point is 00:00:00 Want to own part of that music streaming company where you binge all your favorite podcasts? Or part of the company that makes your favorite late night burger? What about part of the airline you flew with on your last vacation? Now you can. With partial shares from TD Direct Investing, you can own less than one full share. So expensive stocks are within reach. That makes you a part owner. Learn more at TD.com slash partial shares. TD, ready for you. All right, folks, joining us today is Aaron Day, and he knows a lot more about crypto than I do. Of course, he also focuses
Starting point is 00:00:47 on gold and silver. He's trying to get outside of the system. He has a very important message about what is happening with CBDC. He believes we've already got it effectively, but he's holding classes on this and meetings. Tell us a little bit about that. You've got it in a lot of different places. I see one that's coming up October the 5th, but you've got them all over the place. Tell people what it's about and where they can find where these different events are,
Starting point is 00:01:12 where you do a deep dive into the future of money sovereignty and how to battle the digital central bank, central bank, digital currencies, tell people where they can find that information and what's coming up. All right, great. Well, thank you for having me on again um and so first i want to start by saying so i wrote this book the final countdown and the whole purpose of this book was to explain to people the threat of cbcs uh the basically the imminent demise of the fiat dollar which i think we're
Starting point is 00:01:40 seeing in real time and then the back half of the book provides step-by-step instructions as to how people can do what I've done since 2019, which is I exited using a personal bank account in 2019, and I've been living on gold, crypto, and silver. And so this book outlines how to do this. What I found was people read the book and said, wow, okay, now I understand what the threat is. But I just couldn't take that first step to actually either getting a crypto wallet or even even buying gold to take into physical custody. So I designed these four hour workshops, which we're now doing all over the country, to basically go through the book, but then to actually empower people. So people that come
Starting point is 00:02:19 out of the workshop will have a crypto wallet, will have crypto we'll have a gold back and we'll uh go and we'll hear my full explanation of how i live on these things on a day-to-day basis how i pay bills how i do all of it because this is really the step to the only thing we can do to stop this central bank digital currency tyranny is to stop using the dollar we're not going to vote our way out of this which we could talk about in great detail so on my my website, daylightfreedom.org, there is a tab called Empower. And Empower lists all of the places that we are looking to host workshops. We have three that are scheduled already that we're selling tickets for for the rest of this year. Our next event is in New Jersey on October the 5th.
Starting point is 00:03:04 Then we have one in Omaha on Saturday, November the 9th. And then we will be in Nashville on Saturday, December the 14th. And we're going to continue. So we're going to continue these. I will be doing probably one of these a month throughout all of next year. But those are our next big events. And so they've been really successful so far because it really has been helpful. But in addition to that on my website,
Starting point is 00:03:28 there's an inform tab and a link to alternative assets. And this is an important section because this lists all of the things that I'm currently using on a day-to-day basis and living outside of the banking system. And this list changes. So I have to be very clear about that. I mean, if you bought my book a year ago, it's out of date. And so I have to keep everybody apprised
Starting point is 00:03:48 as to what's going on because of all the regulatory issues and changes in technology and everything else. So I keep that open and publicly available so that everybody can see the latest and greatest. That's amazing. You are essentially a financial prepper, and you're living the life. You're an off-grid prepper, but financially speaking. That is excellent. The final countdown to show you how to get out of the system, how to live without a bank account, and having all your transactions private. That's amazing.
Starting point is 00:04:18 And those workshops, I see you've got one coming up in Nashville. I'll have to get somebody from my family to go over there and take that class. That's great information because that's the key thing. Everybody understands how the tyranny is rolling out of Washington. The fiat currency allows them to bribe and blackmail everybody at every level, whether it is state government or local government or whether it's hospitals or whatever. They're always bribing and blackmailing people with their cash and that is the heart of the tyranny that is there and it's
Starting point is 00:04:51 also going to affect us materially if we are not outside of that system that's that's very important but you also say that we already are in cbc tell us a little bit about that. Your position. So when I started this entire journey, I exited political activism in 2018, stopped using the dollar, and then COVID hit. And then all of a sudden, I saw friends of mine be targeted by
Starting point is 00:05:18 the federal government that were involved in crypto. So Ian Freeman, who, along with Roger Baer, introduced me to Bitcoin in 2012. Ian was arrested for selling Bitcoin without a license. Yes. And I went to his sentencing hearing. And he's now in federal prison for eight years.
Starting point is 00:05:32 Roger is now in Spain. He was arrested and thrown into the same prison as John McAfee for these trumped up, made up tax issues from over a decade ago he actually left the united states roger did renounce his united states citizenship in 2014 and they are going after him uh for for this kind of made up stuff but happened to be three weeks after he published this book hijacking bitcoin where he explains in excruciating detail how Bitcoin was hijacked by people that were not interested in having Bitcoin as an alternative to CBDCs. Basically, they destroyed the use case of Bitcoin, which was supposed to be Bitcoin was supposed to be digital cash. Now it's this store of value that you're never supposed to spend and you're supposed to buy through Black
Starting point is 00:06:21 Rock and there are multiple intermediaries and that is the exact opposite. So Roger, who was probably the most influential person in spreading Bitcoin from 2010 to 2015, he actually earned the nickname Bitcoin Jesus. So he was the first person to accept Bitcoin as a retailer. He was the first investor in Bitcoin companies. You know, he, he probably gave away tens of thousands of bitcoin and um and he was there when this hijacking took place and and he wrote about it now all of a sudden his his speeches is suppressed and so essentially went from bitcoin as a currency to bitcoin as nft right i mean you
Starting point is 00:06:59 know it's just that's collectible thing and and that's why you see all these things about well this guy got a pizza with a couple of bitcoin or whatever he paid this much for the the pizza and so forth because initially that was the purpose was to be currency that people could use outside the system as you point out it got hijacked it now became this uh you know store of value that's going to be speculated on it and all of the the big uh investment companies pouring into this and the fact that they've now added ETFs on Bitcoin, other things like that, they have completely jumped onto this thing and turned it into a speculative collective, haven't they? They have. And one other component to this is that Bitcoin is completely trackable. It's on an open public ledger.
Starting point is 00:07:44 And so a lot of people, I think early on thought it was anonymous, and it turns out that it's not anonymous. And so now, the government, the CIA and others using chain analysis can actually track the blockchain and follow and figure out who is buying and selling what. And the problem with this is that means that they can flag one Bitcoin and saying saying, well, this, this particular Bitcoin can't be used. It's on a blacklist. Well, whereas this one can be used, which means that it's no longer fungible because one Bitcoin is actually not the same as another Bitcoin. They're actually, so it loses its fundamental property, which is why one of the
Starting point is 00:08:20 things that's happened in the last 120 days or so, or since I was on is I've actually moved completely into privacy coins. Um, I, in fact, I've, I've put that first privacy first on the, on the list of criteria, like Manero and Zano, Z-A-N-O and Manero are the two predominant ones that, that, uh, that I use Zano is interesting because Zano is, it's actually built on some of the same technology. The developers behind it were actually behind the, uh, technology that Monero was built on.
Starting point is 00:08:52 So these are people that have been in cryptography and cryptocurrency for, for over a decade. And, but what Zano allows you to do is also create privacy tokens. So I guess the simplest way for me to say this is, is, uh, you know, crypto and even CBDCs is, is tokenized money, but money only represents 5% of global assets, everything else, homes, real estate, stocks, bonds, those are assets that will also be tokenized. And so Zano essentially allows you to tokenize these assets in a way that is private and confidential. Because one of the other things I've learned since I was on your show last is I've
Starting point is 00:09:30 really done a deep dive into this great taking. And what I've found, and I don't know if you've followed that much. Yeah, I'm aware of the documentary. I haven't watched the documentary yet, but I'm aware of it. Yeah, go ahead. So the gist of the great taking is we don't own our stocks and bonds in 401ks and there have been a whole bunch of changes to uh ucc codes at the at the state level that that basically when there's a the next financial collapse and there's a bankruptcy uh our stocks and bonds and 401ks will end up being owned by the largest banks and it turns out that the cbdc pilots that they've been working on in the United States are also being developed alongside something called a regulated liability
Starting point is 00:10:10 network. And the idea behind regulated liability network is they want to take our non-monetary assets. They want to take our stocks and bonds and other assets and apply the same technology that they're applying to CBDCs so that now all of our assets, not just money, can be programmed, tracked, and censored. And so when this financial collapse happens, they'll be able to basically transfer our non-monetary assets with the click of a button. And so that's kind of a horrifying prospect, but it's one of the things that I've been studying in terms of what the U S has been working on. And this regulated liability network project is a project between the New York federal reserve, MIT,
Starting point is 00:10:53 five of the largest New York financial institutions, the bank for international settlements, basically all of the players that you would not want designing a token system for your, for digitizing all of your non-monetary assets wow so this is a pretty frightening so so i so i say zano because because i know it is in and of itself it's a cryptocurrency that you can use it's a privacy currency but it also allows you to tokenize um other other assets and make those assets private and confidential and by the way it may even be able to be used to make bitcoin and ethereum and some of the blockchains that are
Starting point is 00:11:30 transparent private so so those are the two that i've actually spent a significant amount of time so this has been a big shift for me um and one thing that i found is it's very important to educate people on the need for privacy because i don't know what's happened i mean i guess this is the indoctrination uh in the education system that you were talking about before i before i came on but young people do not value privacy they don't even know or think to value privacy i agree i think it goes back to uh i think they kind of programmed them a little bit with a Big Brother type of TV shows and everything, reality TV shows. A little bit before they started social media and the internet caught on with the social media. I think they kind of modeled for them that, you know, here's people, they don't really do anything or have any particular skills, but you too can be a celebrity if people see everything that you're doing in your life.
Starting point is 00:12:26 And it's like they want to be celebrities. They want to have a lot of followers. So they're constantly pushing content out about their life. They don't want privacy, and they've been trained not to look at it. Before we move away from Monero and Zano, which I've not heard of before, I talked to people who are doing PirateCoin as well. What is your take on PirateCoin? Have you ever looked at that? What's going on?
Starting point is 00:12:51 Yeah, PirateCoin is on the list. I haven't used PirateCoin, but it's on my list to review, and it certainly seems to fit all the criteria. So, yeah, and I want to say this. I'm constantly evaluating new things. So I think Pir coin uh it will probably be added to my list as well and there are two types of privacy coins there are coins that are privacy by default which means as the user you don't have to do any saying you don't have to take any extra steps to make them private and then there are coins where you can take extra
Starting point is 00:13:19 steps and add privacy to them so bitcoin cash cash, Litecoin, Zcash, these are these are, I guess I'll call it privacy optional. And so I my my sole focus is on on that universe as a potential solution because, you know, again, I interviewed Roger about his book hijacking Bitcoin three weeks later, he was he was thrown in prison, the same prison, John McAfee died, and my friend Ian Freeman. Others are being arrested.
Starting point is 00:13:51 So this is not, and these are nonviolent people who have not committed crimes, to be clear. These are people that are actually, these are pro-liberty people that have been promoting freedom and nonviolence. And these are the people that were thrown in prison. And this is happening over and over again with what happened with the guy with Telegram,'s happening with these coin mixing services so this is really accelerating and so what people have to understand is the why behind this which is the government doesn't want alternatives to what i'm going to say is already a cbdc system but that has graduated tier levels of tyranny um And, you know, the ultimate form of CBDC is a global digital currency backed by energy credits that is completely programmable, tied to a social credit score, where it's a cashless system and all cryptocurrencies have been banned. That's the highest level. And I've actually created this little CBDC tyranny index. That's where they're moving to. But we already have a system today.
Starting point is 00:14:47 Our dollar today is already digital. It's already programmable. It's already surveillable in a way that people have no idea how bad this is. I mean, people are like, oh, yeah, I see these politicians, whether it's Ted Cruz or Elizabeth Warren, talk about, well, we have to make sure we don't have financial surveillance. And meanwhile, between the Patriot Act, the Bank Secrecy Reporting Act, national security letters, where they can actually shut off your bank account, and you can't talk to anybody about it,
Starting point is 00:15:14 including a lawyer. Now we have the IRS working with banks to monitor our financial transactions using AI and on and on and on civil asset forfeiture. So they're already about, and I outlined in my latest article, zero hedge article, I think 13 different ways. Our digital money is already being surveilled today. So it's actually already as bad as people are worried that it will become in the future. And that's, that's today, our money is already programmable. So when you talk about the IRS, when we talk about the irs you know it's not just the 80 000 agents that they want to add but it's also the artificial intelligence and yet we have the politicians who are out there saying well we're going to take taxes off of tips you want to vote for me now you know they're completely people are completely clueless about how this is being
Starting point is 00:16:01 weaponized against us and of course both parties are fully on board with it. Both parties are on board. So when you see a politician say, well, we're worried about financial surveillance, then are you worried about the fact that the IRS is already using AI to track all of our transactions? Are you worried about the fact that the Bank Secrecy Reporting Act
Starting point is 00:16:20 already reports on, I think it's $5,000 or $10,000 if you do anything above that amount. It's automatically reported with the government. I don't see anybody talking about unwinding the tyranny that we already have. And numerous categories of businesses have already lost access to banking services. I just shared a post, a tweet yesterday about somebody who was denied the ability to make a purchase at a gun store with their credit card. And there was something called Operation Chokepoint 1.0, where many, many categories of businesses
Starting point is 00:16:51 have been denied service. And we've seen this in the health freedom space, we've seen them in the food freedom space, and on and on. And what this should tell everybody is that the money's already programmable. And when I say programmable, if you've ever had a health savings account or a flexible spending account, I'll give you an example. Optum Bank is the largest provider of health savings accounts. And health savings
Starting point is 00:17:12 account, an Optum Bank, it is a bank, it is a financial institution, and you're given a card and you can only buy pre-approved medical items at certain times and at certain locations within certain limits, subject to auditing and reporting. That is programmable digital money using the existing system. There's no big upgrade that has to happen for the tyranny that everybody is worried about to kick in. Essentially, the Federal Reserve runs on an oracle database so money is created when the federal government issues an iou to the federal reserve federal reserve then creates that money out of thin air as an entry in an oracle database that is basically the genesis of money and then the federal government writes checks pays bills pays contractors does whatever they do they write
Starting point is 00:18:02 checks and then you deposit those checks into a commercial bank. And the commercial bank creates a database entry out of thin air in an Oracle and Microsoft or Microsoft database backed by the Oracle database entries created by the Federal Reserve. This is the existing system. So the existing system is digital. 92% of our money is digital, and it's using these centralized databases. And so I think people are not largely aware of that. And certainly Oracle and Microsoft databases are highly programmable. of what is happening there. Certainly, we take the money out, but even the know your customer rules, they really ramped this up for the sites that you're going to deal with in terms of cryptocurrency. And this is the real issue. When I talk about the financial system,
Starting point is 00:18:56 and you're talking about the fact that we're looking at the end of the dollar reserve, the petrodollar is now totally dead because Saudi Arabia was a linchpin of that, and they're now taking payments and other currencies, and they're stashing up on gold. Where does gold fit in on all of this? You focused on Monero and on Zano
Starting point is 00:19:21 and privacy coins and things like that. What about gold? Are you using gold and silver on a daily basis? I use gold and silver on a daily basis, more gold. I always tip in goldbacks. And I live in New Hampshire, and so New Hampshire is one of six states that goldback actually has physical locations
Starting point is 00:19:42 where there are merchants actually actively accepting me. there are 150 stores in new ham in new hampshire 2000 uh nationwide that already take this directly as currency and that initiative is is expanding um and then i have an account through alpine where i can buy gold and silver online and transfer amongst gold, silver and goldbacks. And then I can even transfer gold and silver to a Visa debit card. So I don't ever have to store any value in fiat currency. Now, there is some centralization to that. So one of the things that I'm working on, and this is what I think is kind of the holy grail on this, is imagine you take Zeno, you take the privacy features of Monero, which is essentially
Starting point is 00:20:30 what Xano offers. And now you start tokenizing gold and silver. So now people can have a currency that's backed by gold, silver and gold backs, but that can be traded with all of the convenience aspects of a private cryptocurrency. So to me, where we're headed towards is a multi-asset approach. And I think that there's a way to combine privacy tokenization and precious metals. And in fact, I'm talking to numerous people who have vaults and who are interested in this idea as well, where you can really increase the velocity of the spending of precious metals through tokenization. And then, you know, if people have to withdraw the physical metal, then there's probably KYC AML at that point. But then there's an ability to when you're not actually directly pulling out the physical metals to use these privacy tokens for day-to-day transactions. So today, for me, it's a balance of privacy tokens and goldbacks and gold.
Starting point is 00:21:34 And then I'm really excited about creating user-friendly tools, wallets for the consumer that have all of these assets and a point-of-sale system for merchants where the merchant can very easily accept multiple forms of privacy crypto and gold and silver and can convert whatever they're accepting to the reference currency of their choice so it makes it easier for them to pay to pay bills and have stability with store value so that's the direction this is all headed in that is so important what you're doing again the website is daylightfreedom.org, and you can click on the button there to find out how to empower yourself to start getting out of this system. And you've done a great deal of work on this.
Starting point is 00:22:17 That's excellent research that you've done. Let me ask you, what do you think? Now, there's something that's going on. I don't know all the details about it. Montana is doing something, I think, with a gold-backed digital currency or something. Is that correct, or am I wrong about that? And what do you think about that, if you know about it? I haven't heard about that, but I have heard about it.
Starting point is 00:22:35 I'm involved with the Citizens for Sound Money. I know there's a big effort to get states to make gold and silver legal tender. And there are a number that already have, including Utah, which was the first in 2011. And I know many other states are coming online, but I have not heard about a Montana. I'll have to look into that, actually. Yeah, that one's new. We just had New Jersey become the 45th state to not have sales tax on gold and silver. So even New Jersey, I was surprised.
Starting point is 00:23:05 Of course, the ones that are still doing it are pretty much the usual suspects that you'd expect, like Hawaii and things like that. But Kentucky was in the mix, and that really kind of surprised me. But other than that, the other four were pretty much what you would think. But it's starting to catch on.
Starting point is 00:23:21 There's a lot of people I know here in Tennessee who had Senator Nicely who was very concerned about what was going to happen with a financial collapse, with mismanagement by the Federal Reserve, but also focused on financial transactional privacy. And that's the thing that really – so he was trying to set up something that would help local banks. They have what they call a state bank in North Dakota, I think it is. And that has served them well through the Depression and other things like that. But the banking industry really pushes back pretty hard if you start trying to do that. And a lot of the banks, small and medium-sized banks, don't really understand that they're about to be cut off.
Starting point is 00:24:04 And so he was trying to show them how this was going to help them, but they came after him when he started doing that. But he's still come through with a lot of solutions, and there's other states that are working on that as well. And so I think it's very important for us to understand that it's not just the instability of the Federal Reserve, it's not just their bad policy that is going to have economic consequences for us that we want to escape by being in gold and silver,
Starting point is 00:24:30 but it's also this privacy aspect that you've really focused on, which is so important in how to actually get out of the system. You know, right now, a lot of people are just in the mode, as we are here, just trying to collect things that are outside the system like gold and silver, but not really sure how to use it on an ongoing basis and how do we connect with other people and make this practical? That's what you're showing on your website. That's very important. Yeah, no, and it really does come down to easy to use tools for consumers and merchants. And so there's a path to doing this. And so that it just needs to be an emphasis and a focus on it. And so
Starting point is 00:25:04 I know it can happen because again, I've been living on these things for five years, but the tools need to be made easier to use, but there's certainly a huge demand. I mean, right now the focus isn't on mass adoption. It's actually getting those innovators, all technology and ideas go through kind of an adoption curve. You have the innovators, which are two and a half percent.
Starting point is 00:25:24 And then you have early adopters, which are roughly 13%, and then you have early majority, late majority, and then laggards. And so the point is to focus on the innovators so that you're not at too many levels removed from people's understanding of these systems. So the people that are in the Second Amendment space, if gun store owners are already intimately aware of problems with payment processing, as are people in food freedom and health freedom and these other
Starting point is 00:25:51 sectors. And so the idea is to put together tools to make it easy for these merchants and then to combine these merchants and make it easy for people to realize, oh, hey, there are places I can actually go to use these alternative currencies. And so as we're refining the technology and building out the merchant network, then we can go to the next layer to the early adopters and start expanding it out. So it really requires just focus on making sure that we're not trying
Starting point is 00:26:14 to go mainstream too early because the technology needs to evolve for usability and simplicity. I guess my big concern when I look at crypto is security, because I've covered the stories. I forget it was this guy who was a billionaire, and because, as you pointed out, the blockchain is somewhat public, he had some guy contact him and say,
Starting point is 00:26:37 saw this large transaction, and he tracked it down to find out that it was a wallet that belonged to this guy, and he sends him a message and says, I see that you just took out nearly a million dollars it's like nine hundred and seven thousand dollars he said no i didn't do that he didn't realize that he just had about a million dollars stolen from him and so that that's the key you know when we look at this and and i assume that you address this in your empower stuff the security issues of having these wallets that's one of the things that concerns me about it when you have um when you go digital uh there is um the capability of being exposed to every criminal all over the earth you know if they know what they're doing and you don't know what you're
Starting point is 00:27:15 doing talk a little bit about that the security issues yeah no that is absolutely critical well so there are two components one to what you just said is this is why you use privacy tokens and privacy coins so that your identity and financial transactions can't be identified because this has been a problem, right? Not just the government, but bad actors can trace who's using Bitcoin, who's using Ethereum, and then they can use that and try to rob you or kidnap you and literally physically steal your coins that is an actual issue so so the first thing to do is to use privacy coins but then within that there's the issue of uh how do you keep your privacy coins safe because the issue with this is i mean there's a saying not your keys not your coins you know you have your private keys to your
Starting point is 00:28:02 crypto uh but there's no customer service if If you lose these, if you're hacked or you misplace your keys, then that money's gone. There's no 1-800 number to call. And so generally what you wanna do is you wanna keep most of your crypto in what's called cold storage, where it's not actually on a device that's connected to the internet in any way,
Starting point is 00:28:26 shape or form or on a mobile device. So you can use hard, there are things called hardware wallets that you can buy that can accomplish this. You can also use something called a paper wallet, which is a paper wallet is where you basically have an address that has a private key, but that wallet has never actually touched the internet. So you move your coins to this and it's never touched the internet before. And then when you need to use the coins, you restore that wallet has never actually touched the internet so you move your coins to this and it's never touched the internet before and then when you need to use the coins you restore that wallet to a hot wallet that's connected to the internet and then you you spend it so that's another mechanism and there's a whole wide range of things including you know you can take old cell phones and completely wipe them and just put your crypto wallet on on that and then not have it touch the
Starting point is 00:29:05 internet keep it keep it off until such time as you need to use it and so there's a whole variety of different mechanisms that you can use and then on an ongoing basis i mean right now i'm using a wallet called cake wallet because i've focused on privacy coins and there aren't many wallets that that have that that focus cake wallet was specifically built originally for Monero. They've added other coins, and they are soon to add Zano as well. And what I like about it is that it's an open-source wallet that has had an emphasis on privacy, but it's also user-friendly. There are features in there.
Starting point is 00:29:41 So when I live on crypto, now fortunately I live in New Hampshire, and there are a lot of merchants that I can go to as part of the Free State Project and actually buy things directly with crypto. This isn't the case in most of the country. But so often what you end up having to do is to buy debit cards or gift cards. So, you know, I bought my kids back to school clothes, or I took my kids to see a movie i bought a you know amc gift card using monero and then went over to the movie theater so that's often you know there's kind of a continue just as there's a continuum on the tyranny index there's a continuum on the freedom index as well the ultimate scenario is one where we're all using privacy coins peer-to-peer with no intermediaries and that's where you want to ultimately get but we're not going to get there today so for right now you might have to actually buy gift cards buy debit cards but i like cake wallet because it's the it's the easiest it has a bunch of built-in functionality it's open
Starting point is 00:30:34 source and has a focus on privacy coins but i still only leave in a live wallet um a month's worth of kind of operating uh fun funds because you just assume that something could still go wrong right or you know for whatever reason because certainly there are hacks going on every day but once you really look at and understand and consider that yeah the federal reserve runs on an oracle database and your local bank runs on a microsoft database and i think i think it was in 2017, there was something like $1.5 trillion of economic losses due to database integrity issues and hacks and everything else. And that number is on the way to $10 trillion. And we just had the social security database
Starting point is 00:31:17 breach or whatever a couple of weeks ago. And I think most of this year, most of the major services, including Microsoft and others, have had data breaches. And so the existing system is unsafe. These cryptos at least offer an increase in a security model to what global commerce runs on, which are these centralized databases that can be hacked and manipulated and changed. Yeah, yeah. Trillions of dollars of leakage coming out of these things again uh oracle and microsoft that uh where they've got their databases now let's talk a little bit more about what you kind of touched on there in terms of um the details of how it works you talked about how you transfer um some of the stuff into a um into a debit card that you
Starting point is 00:32:03 can use you know to go buy stuff at retail, people who are not participating in that. So tell us a little bit about how that works. I mean, is that something that is available to people outside of New Hampshire? I mean, how do you convert that Monero to a debit card that you can take to the movie theater? That's available to everyone. So it's actually built into the Cake Wallet. It's something called
Starting point is 00:32:25 Cake Pay. And so right from within the wallet, you will see there are hundreds and hundreds of participating merchants. I mean, anywhere from Delta Airlines to AMC. And so this isn't anything exclusive to New Hampshire. Basically, most companies have their own gift card program. So I mean, I use this to I got my kids some clothes at Old Navy. The list of merchants is quite impressive. I mean, I think I even saw it enough. It was on there. But somewhere, you know, you could get a you could buy a vacation to sandals using gift cards. So I believe you could use Monero to buy a sandals gift card. I mean, this is what i'm going to do i'm about to go to argentina to uh a crypto conference uh next month a bitcoin cash conference and i mean
Starting point is 00:33:12 this is all going to be done i'm going to buy my plane tickets to argentina using gift cards so anybody can do this you don't have to be in new hampshire and it's not even limited to the united states either so it's uh it's a pretty limited to the United States either. So it's, uh, it's a pretty convenient solution. And again, this isn't, this isn't the peer to peer direct experience that we want, but it is still, uh, it's a, it's a workaround and something that works pretty successfully. And in fact, you don't have to buy, you know, when you go to like, uh, if you go to Walmart or target, you'll see, they have the gift card aisle, right? And you can buy gift cards with cash, but they're in denominations 5, 10, 25, 50. But typically with these gift cards through cake pay, you can actually specify the exact
Starting point is 00:33:52 dollar amount. So I think I got a $238, you know, old baby gifts or gift certificate or something. Is that a gift certificate that you have a digital format on your phone that they can scan or something? Or is it a physical card? Yes. Okay. It's a digital gift certificate. There is an ability to.
Starting point is 00:34:12 So there are layers of this. And I go through this in my workshops as well. So the cake wallet and cake pay is the front line of doing retail transactions. Then I use other services for for different uh debit cards so there's a debit card that you can buy just a flat you can buy a visa debit card or a mastercard debit card right from within this cake wallet but those cards are digital only and they're usually only accepted at merchants that are digital only so i have separate debit cards that are actual physical i have a crypto.com debit card that's a physical debit card that's the same
Starting point is 00:34:52 thing i i still you know i transfer crypto to the card and it's a physical card and now that can be used anywhere these is accepted so i have a there's a long way yeah I'm sorry. So can that physical card then be re-upped digitally? Is that the way that works? Do you want to do that? Yeah. And it usually only takes, it usually only takes, you know, maybe 30 minutes or so for the process of uploading it and having all be verified. But yeah, it's so, so, and I've had other cards. Now, this is part of the I mean, I want to
Starting point is 00:35:26 call it gamification of my life living on crypto, because as things have changed, I used to use something called a bit pay card for years for three or four years, I use bit pay. And then all of a sudden, they severed their relationship with their financial partner on that. And so I received seven days notice that, you know, in seven days I can no longer use that card. So now I actually have a number of debit cards, most of which I don't use, but I keep in reserve in case something happens to crypto.com or something happens over here. I'm not in a situation where I don't have any ability to, to pay bills. And then behind the scenes, I'm obviously,
Starting point is 00:36:02 I'm focused on trying to work with merchants that take crypto directly. So that would be my preferred model. And all of the rest of this is just, you know, kind of an interim solution and ways of working around the system as it is. But it's not that hard. Again, the CakeWallet solution, and this is something I've actually just started using in the last couple of months is the easiest. It's the easiest to onboard someone because within one wallet, you can have multiple coins, including privacy coins. You can buy crypto within the wallet. You can buy gift cards and debit cards within the wallet. And so that's the most attractive thing because when I'm doing these workshops, a lot of times I'm onboarding people that have had no experience with crypto at all. So if I'm giving them 20 different tools,
Starting point is 00:36:49 it's going to get a bit lost on them. Right, right. So the cake wallet is a piece of cake to use, right? It is a piece of cake to use. Yeah. And at daylightfreedom.com.org, there's a, there's a, an informed tab and under that there's alternative assets. And this lists all of the things that I'm currently using today, including goldbacks and my UPMA account, which is the account that I have where I can fund and buy gold and silver and transfer gold and silver also to a Visa debit card, which is a physical debit card that works wherever Visa is accepted. And I also have something on there called Spritz Finance, which I want to talk about as well, because one of the big pushbacks, when I say I live on crypto, people are like, oh, yeah, right. How do you pay your electric bill? How do you pay your mortgage? How do you do some of these basic things? And it turns out Spritz finance is a solution for that you, you connect to Spritz finance. And so I put in my Verizon account and my Verizon
Starting point is 00:37:50 account number. And then literally I pay directly through Spritz using crypto. And you can do this with auto loans, student loans, mortgages, electric bill, all of it. And it has almost, it has most of those types of most of the large, uh, vendors that you would think to pay. So, so on this page and in the workshop, I teach people the whole range of how you can, uh, begin the first step of, of not using a personal bank account. And then hopefully we can all start working together to get more adoption so that, so that we're dealing with crypto on a peer-to-peer basis, even without these
Starting point is 00:38:26 intermediate services or gift cards or debit cards. Yeah, yeah. Take it back to its original intention. How are the fees? Are they comparable to the types of things that you would typically see, these intermediaries? Yeah, the fees are actually minimal. The fees are actually, in fact, I don't even know that there are any fees with the gift cards, come to think of it. Because, I mean, when you buy a gift card, usually the business model for gift cards is people usually buy gift cards and there's a certain amount that never go redeemed. So you don't usually pay an additional fee for that because they have worked into the business model. The fact that people won't actually redeem a large amount of the value. So, so that hasn't been much of an issue and there's, there are no fees with the bill pay service. For instance, there's no,
Starting point is 00:39:18 I'm not paying extra to use my crypto to pay my Verizon bill where you get fees. And the challenge still remains with all of this is, is in acquiring crypto in first place. And with these privacy coins, there's only one exchange cracking that I think you can even buy Monero. And most of the crypto exchanges are going to be moving away from privacy coins. So you ultimately have to buy some other coin, and then you have to
Starting point is 00:39:45 use a service to convert your transparent coin to a privacy coin, which I also outlined. And so there is somewhat of a transaction fee involved with that upfront to get involved with these assets in the first place. And so that's probably the area where you have the biggest fee generation. Yeah. And so you got to make a couple of hops and you're going to have a fee at each of those hops there. You talk about there's really only one exchange that's working with Monero and Zano and these other privacy coins. And I guess that's the other part of it. It's really, you know, the vulnerability is the on-ramp and the exit ramp there. You know, at that point, what do we, you know, what is the, when we look at what they're likely to do, I would think that they're going to start attacking these sites like Kraken and so forth.
Starting point is 00:40:35 Are they located outside the United States? How vulnerable are they to pressure and attacks from the United States? Well, I think there are four major exchanges in the U.S. They're all being sued by the sec most have already uh gotten rid of privacy coins i think kraken will ultimately probably stop offering monero as well so i think that we can count on that happening and by the way that's a bipartisan affair i think there are a lot of people that get worked up over comp is going to be the savior on crypto and i've actually read the legislation that the
Starting point is 00:41:05 republicans in the house have drafted and none of it is pro-freedom none of it is pro-privacy it all gives more control to the banks and it all adds more reporting yeah so there's no there's no republican win from the standpoint of of privacy or or even really self-custody. Either way, we're going to get more regulation, more reporting. And this Cynthia Loomis, a senator from Wyoming, who puts the Bitcoin laser eyes in her profile picture and who everybody thinks is this pro-crypto person, she is explicitly against privacy and explicitly against everything that's not a transparent
Starting point is 00:41:45 blockchain so so this is i have no this isn't going to get easier uh it's it's only going to get worse which is why i think people getting into these privacy coins and starting to use them in a parallel economy as quickly as possible is is the is the right way because again they want to ratchet up to tyranny so they want to take the existing digital system and they're going to move to ban cash they're going to move to add more programmability this is just kind of baked into to what's going to happen and so privacy coins are really our only way out and certainly gold and silver as well but unless gold and silver can be spendable and actually used i mean there's gold and silver sure is a hedge for the collapse of the dollar but at the end of the day if you have to buy a loaf of bread or you have to engage in commerce you know there needs to be a spendable version of these
Starting point is 00:42:34 things and so this is why i think the merger of privacy coins or privacy tokens and precious metals is probably going to be a huge a a huge win for all of this. But no, time is not, not on our side. I mean, and there are other things that people can do with, you know, VPNs and other things I'm not necessarily going to talk about here, but you, you, you can go about acquiring these things, uh, not within the United States, but, but the U S is really not competitive, uh, already with, with exchanges. And, and even varies, the state of New York is horrendous. You have to have a bit license. It's almost impossible to buy crypto in New York.
Starting point is 00:43:11 We've really shot ourselves in the foot on this. And of course, I think CZ, who is the CEO of Binance is still in prison. I think he gets out of prison in a few days. He's serving a four month prison term. So the US has been horrible on on this front. Now, ultimately, you know, people, you want to get to the point where people are actually earning money in crypto, right? This is this is the way to go moving forward when people are actually using this not just to buy and sell things, but people are
Starting point is 00:43:43 actually earning money in crypto. And I know people that have been doing that for a while as well. A friend of mine here in New Hampshire, free state's been living on crypto since 2015. And he actually gets paid in crypto. He only works on projects where he gets paid in crypto. So there's a, again, it's a process, it's a continuum of how we get to where we need to be, which is people using peer-to-peer cash and earning in peer-to-peer cash. Well, that's why it's so important what you're doing. Because when we look at it, if people don't own guns and they've never been around guns, it's very easy for people to tell them, well, we don't want to have anybody having guns, right?
Starting point is 00:44:21 And the same thing is true in terms of driving cars. When we look at what is happening, the younger thing is true in terms of driving cars you know we look at what is happening the younger generation is not driving cars that much it's going to be very that they're doing that on purpose or making it difficult for them uh so that if they don't have cars they're not going to really see the need of it that's why it's very important for you to get people to start to uh see how to safely use this stuff and start to adopt it so that it's not something that they know about, something that they value. And if you start to get a big community of people who know how to use it and value it,
Starting point is 00:44:54 then at that point, they will start to push back and defend it. Right now, what you see happening with these politicians, politicians are out there trolling for voters and they're trolling for donors and you know trump just got seven and a half million dollars from you know crypto political action committee and and yet he goes on and he talks about he doesn't know anything at all about it and he doesn't care anything at all about it and that's true as you point out of ted cruz any of these people they jump onto it because it's a political position but at the same time especially coming from the conservatives they're going to say well we've got to have uh visibility on everything that everybody's doing you know because of drugs or because of
Starting point is 00:45:33 whatever issue they want to attribute this to as if that is um something that can only be done with with a crypto as if it's not being done with the, uh, the, the current financial system and cash and all the rest of this stuff. So, um, it is a, um, it is a troubling thing. And I, I guess the question I have is, you know, when you get down to just, you know, only Kraken that is, uh, that is doing the, the privacy coins, um, is, you know, what, what is, uh, you know, as you point out, the walls are closing in on it. Uh, what is, what does the future look like with that? How do we get into that system if they close down the last one?
Starting point is 00:46:11 Well, so again, you can buy a transparent coin. I use a service called ExoLix. And there's another one coming up called ChangeNow, where you can go onto an exchange and you can buy whatever, Bitcoin Cash, or you can buy a stable coin and then you can use these other services that are not based in the United States. And you can swap your transparency coins. It's, I mean, it's always an arms race. It's always staying one step ahead. I will say the Cape wall is going to have a feature where you will be able to
Starting point is 00:46:39 buy a, I believe, a Monero and Zeno directly within the wallet using a credit card or a debit card. But this is why I keep this part of my website up to date, because these services are continually changing. And we just have to acknowledge that it is absolutely a race. There's something that's being built called confidential layers, which is going to be an ability for people to take their existing Bitcoin and Ethereum and do what's called bridging essentially into Zano so that they can make their transparent coins private. So again, it's a constant race and it's a constant battle for
Starting point is 00:47:20 innovation. And of course, the whole point of crypto to begin with was peer-to-peer digital cash. So even the idea of exchanges is kind of, you know, overblown, right? I mean, it used to be that early on in 2012, we had local Bitcoin meetups here in New Hampshire. I mean, people would get together in person. That's actually how this stuff started, is people meeting physically in person and exchanging these things, uh, cash and crypto and all of that. That's how this started. And then there was something called local bitcoins that was created to help facilitate that even that was shut down. And so, um, and what they do is they go after you for being in a money transmitter business. So if you came to me and said, Hey, I'd like to buy some Zeno from you, uh,
Starting point is 00:48:02 you know, here's a thousand dollars of cash. I can't do that. I, because I don't have a money transmitter license and that's why, you know, my, my friend Ian is in prison for eight, eight years. So, so you can't even do the person to person stuff. So, uh, it's, it's constantly staying on top of new technologies and solutions and ways of, of, of working, working around this. But there is no doubt that regulations, no one is proposing a regulation that makes exchanges easier to use or that lessens the reporting burden.
Starting point is 00:48:36 No one. There's not a piece of legislation that does that. That's right. Yeah. Yeah, and that's the key. The other part of it is not just keeping abreast of the technology, but keeping abreast of the regulatory environment so that you don't get trapped like your friend Ian.
Starting point is 00:48:51 And Guard Goldsmith knows him and I think works with his radio station up there. Also in New Hampshire, he's got Liberty Conspiracy as Guard's program. But it is a crime what they've done to him, a crime what they've done him a crime what they've done to ross all brick and uh and it is a real con you know when we look at this that that really uh that's when they pull the veil back and you see what these people really are you see how much they hate free speech how much they hate privacy how much they want to control and track everything that we do and it
Starting point is 00:49:25 truly is amazing once you start to look at these issues you start to realize what vampires they literally are it's just incredible isn't it it is incredible and and a lot of what they try to do and you touched on it earlier is they try to make privacy oh you're using a privacy coin this must mean you are a drug dealer or a money launderer or a terrorist. And the reality is, you know, I use privacy coins because I know they're going to go after, you know, my ability to buy red meat or raw milk or to, you know, buy gas and drive more than 50 miles in a week. We know where this is going. I mean, the end goal of this, again, is it's an energy credit based digital currency tied to a social credit system. So this is going. I mean, the end goal of this, again, is it's an energy credit-based digital currency tied to a social credit system. So using privacy coins now so that the behavior that you're doing today that is legal doesn't become illegal.
Starting point is 00:50:17 And then you find yourself in the dark market. Just get ahead of that curve because it will affect all of us. And I will tell you, that is a big issue is we need to focus on selling privacy. And in particular for young people, there was a Cato survey that 33% of Gen Z, I believe, are okay with surveillance cameras in the home, federal government surveillance cameras in the home
Starting point is 00:50:42 to monitor for domestic abuse. So we have a really big disconnect. We have older people understand privacy, but aren't necessarily as tech savvy. But the younger people are tech savvy, but don't value privacy. So in order to get to where we need to be, we've got to make the tech easier. And we have to make people understand the importance of privacy as a fundamental right. That's a great way to put it. Yeah.
Starting point is 00:51:05 Yeah. We've got a lot of people. I think that young people haven't read Orwell's 1984. I think we've got a lot of parents who haven't read Brave New World, but I like what you said about the fact that you've got the older generation values privacy, but they don't know how to use tech to get it. The young generation understands the tech, but they don't care about privacy. That's the key thing. And they're coming for us.
Starting point is 00:51:23 Not only have they laid this out that we're going to control what you eat, what you do, and all the rest of the stuff, but we're also seeing this applied already politically. We've seen Nigel Farage, for example, debanked. It's not just Operation Chokepoint coming after the gun stores or anything, but we've seen it come after him. We've seen them debanking AFD people in Germany. If you are their political opponents, they come after you with everything, but especially that. That's the way they're going to shut people down is through the financial system. So that's one of the reasons why we've got to have financial privacy.
Starting point is 00:51:55 Just the same way that they're coming after speech, they're going to come after that type of privacy as well. It's very vital, and so I really do appreciate what you're doing. Again, tell people where it is it is daylightfreedom.org uh you can go that's uh aaron day's website there a ton of useful information there click on the empower button and you can also find out where he's got these different uh in-person uh what do you call them presentations classes or whatever works workshops okay and he's got one coming up october 5th in new jersey you mentioned the middle of what do you call them, presentations, classes, or whatever? Workshops.
Starting point is 00:52:25 Okay. And he's got one coming up October 5th in New Jersey. You mentioned the middle of December in Nashville. Where was the other one going to be? The other one is in Omaha on November the 9th. That's great. Yeah, that's an excellent thing. And he's living the life right now. Right now, he's off the grid financially,
Starting point is 00:52:41 and he can help you to start to transition to that. It's very important. Use your freedom or lose it. And of course, the key thing is having the knowledge of how this system works. Thank you so much for joining us, Aaron. Appreciate it.
Starting point is 00:52:54 Anything you want to say? We've got about, we've got about a minute or so. Anything you want to say? I would just say, because I was just in an event with 300 people over the weekend. And I, at people,
Starting point is 00:53:03 I, you know, look into hijacking bitcoin consider buying this book hijacking bitcoin because so many people are misled about bitcoin and they're buying the narrative from you know pre-2017 when it was hijacked they're buying this idea that this is freedom money and that this is the way out of cbdc's and in reality they're walking their way into a surveillance asset that's been captured by blackrock and captured by the banks and so it's it's it is
Starting point is 00:53:30 not the answer to the problem it's actually becoming the problem and the person who literally wrote this book is not able to talk about it at right at the time when he should be able to so you know you you should be interviewing roger veer, not me. But but you can't because he's stuck in Spain. And by the way, I will also say the IRS is is coming after crypto in a big way. I believe the biggest loan this weekend, one of the biggest areas of hiring is in this crypto area. So, yeah. And again, they're not they're not doing it to get their fair share. They're doing it to shut down so that they can add the tyranny to our existing digital dollar. Oh, yeah, absolutely.
Starting point is 00:54:07 Yeah, it's an army of IRS agents that both Republicans and Democrats want to send out. And all they do is tease you with these little trinkets. I'll cut the taxes over here. OK, while this army of IRS agents is coming in,
Starting point is 00:54:17 just most insidious thing, it really makes me angry. I got a comment here. Thank you, Aaron. Appreciate that from Guard Goldsmith. And thank you, Guard. I appreciate that. He says, I've been listening,id and aaron and i want to thank you uh pull that back up travis against it thanks uh for your excellent work and dedication of truth peaceful
Starting point is 00:54:32 interactions thank you for mentioning ian freeman god bless yeah that's who guard is working with uh thank you folks and by the way you want to get gold and silver don't forget tony artaban he set up david knight die gold you get gold silver large or small quantities you can also start to accumulate that gradually and he's got a lot of different ways you know you can get the gold backs you can get the little chiclet things that you break off gold or silver you can get the group buy discounts with wolf pack that's david knight dot gold take you to tony artaban thank you so much for joining us. Thank you, Aaron. Appreciate it. Let me tell you, the David Knight Show you can listen to with your ears. You can even watch it by using your eyes.
Starting point is 00:55:28 In fact, if you can hear me, that means you're listening to The David Knight Show right now. Yeah. Good job. And you want to know something else? You can find all the links to everywhere to watch or listen to the show at the David night show.com. That's a website.

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