Speaker 1: I never believed that the CIA killed Kennedy.
Speaker 2: Well, you're talking to a guy that's read the entire
Speaker 2: JFK file.
Speaker 1: You've seen all the secret stuff.
Speaker 2: I've seen all of that, and I've seen the seven
Speaker 2: pages of the nine to eleven report. I've seen it all.
Speaker 3: You don't say that to people that you can't tell
Speaker 3: what you saw. Should the Kennedy stuff be released?
Speaker 4: Yes?
Speaker 3: Is there anything there that is?
Speaker 4: Like?
Speaker 3: Is anybody alive that?
Speaker 2: The problem is the things that we can't release have
Speaker 2: nothing to do with the questions you guys are.
Speaker 1: Asking, what the hell does that mean?
Speaker 5: Tom Luongo, that's a good question, and I don't know. Yeah, yeah,
Speaker 5: it's a it's interesting. Hi, Clint, how are you. How
Speaker 5: you been it's been a while.
Speaker 1: I'm good, I'm good. Thanks for joining me, Tom, Yeah,
Speaker 1: I mean, the reason I started us off with that
Speaker 1: is because allegedly the JFK files are going to be
Speaker 1: fully released, unredacted within minutes. I don't know if that's
Speaker 1: gonna be true. We have been rug pulled numerous times,
Speaker 1: particularly with the Epstein files, but I'm interested. They have
Speaker 1: piqued my interest at least. What about you?
Speaker 3: Yeah?
Speaker 5: I mean, I yeah, I think this stuff is interesting.
Speaker 5: The older I get and the longer this goes on,
Speaker 5: the more I look at this is just a kind
Speaker 5: of I don't know, I'm distrustful of everything at this point, Clinton,
Speaker 5: I'm distrustful of every every distraction of every.
Speaker 3: Of everything I'm seeing.
Speaker 5: Like it's funny this morning, just this is gonna sound
Speaker 5: like a diggression, but this morning I was too my
Speaker 5: Twitter feed, and so I think from Jim Bianco about
Speaker 5: concentration of stories of of financial market distress, and then
Speaker 5: we're like the highest, second highest and concentration of this
Speaker 5: at all time relative you know, COVID being the other one. Like,
Speaker 5: and I don't know about you, but it really, you know,
Speaker 5: with the down with forty one five, I'm not feeling
Speaker 5: like the world is you know, the financial world isn't
Speaker 5: getting ready to like come apart at the seams. So
Speaker 5: what I'm saying is that there's an awful lot of
Speaker 5: of of gas lighting going on on all sides. Like
Speaker 5: I see very obvious divide and rule plays being, you know,
Speaker 5: being thrown out there between libertarians and conservatives, like they're
Speaker 5: trying to break the Trump coalition at every level. So
Speaker 5: I look at the the Epstein file thing, and I'm like, whatever,
Speaker 5: I look at the the JFK files again, same kind
Speaker 5: of thing.
Speaker 3: It's something do you throw out there?
Speaker 5: And then especially the Epstein file thing, it was clear
Speaker 5: that there was a there was like deep state fucker
Speaker 5: going on and nothing with Pamba, It's clear. It's clear
Speaker 5: that she was told one thing. You know, she's still
Speaker 5: in the process of getting her you know, her staff
Speaker 5: together and everything else, and she was a suit you know,
Speaker 5: and then they you know, then they rugged her, right,
Speaker 5: and then what happens. Everybody's like screaming, and you know,
Speaker 5: it's like really like you could see that coming, Like
Speaker 5: you couldn't see. You couldn't see a bunch of deep
Speaker 5: state that's like running around and trying to make her
Speaker 5: look bad like, and then a whole bunch of you know,
Speaker 5: libertarians and magatars in this one and that one, and
Speaker 5: people who are honestly are fake conservatives, like they're fake
Speaker 5: fellow travelers, and they're embedded and they're everywhere, and you know,
Speaker 5: we have to realize this. We have to realize that
Speaker 5: the information space is in every way, matter, shape and form, compromised.
Speaker 3: We have to assume that we have to assume.
Speaker 5: That we're living under the most intense psychological intelligence operations
Speaker 5: of all time, because the stakes are that high for
Speaker 5: the people who are you know, whose power is being
Speaker 5: threatened here. So you would expect m I six to
Speaker 5: be an overdrive. You expect the Masade and the CIA
Speaker 5: and you know, the State Department and everybody imaginable and
Speaker 5: you know, and I see it in the financial markets
Speaker 5: as well. So at this point, like I'm like, oh,
Speaker 5: it's cute, You're going to release all the JFA files. Okay,
Speaker 5: I'll believe it when I see it, but I don't
Speaker 5: really care because I'm worried about what I'm seeing out
Speaker 5: of Mark Karney in Canada, what I'm seeing out of
Speaker 5: Manuel Macrona in France, what I'm seeing, you know, what
Speaker 5: they're doing to try and and kre Starman or sorry,
Speaker 5: kir Stalin in the UK.
Speaker 3: And I'm watching those guys and that's what has my attention, right.
Speaker 1: Me both, you know, But that's just not the headline
Speaker 1: grabbers generally. But no, I agree with your assessment. In fact,
Speaker 1: I spent the past week really locked in on Canada,
Speaker 1: and we'll get into that in a second. But I
Speaker 1: do understand you know, the desire for transparency. That was
Speaker 1: kind of what Trump round three, if you will, was
Speaker 1: ushered into power with. And I think people expect that.
Speaker 1: And you know it was an unforced era on Pam's
Speaker 1: fault or on Pam's part.
Speaker 3: You know, I'm not I no, I agree, I think
Speaker 3: it was.
Speaker 5: And I think that you know, like Trump when he
Speaker 5: first got to Washington, d C in twenty seventeen, twenty sixteen,
Speaker 5: you didn't know how I operated. He made a lot
Speaker 5: on forced errors, not the least of which was you know,
Speaker 5: you know, allowing Mike Funn to be you know, taken
Speaker 5: from him right set the tone for the entire administration.
Speaker 5: And I think BONDI has got you know, you know,
Speaker 5: d C is not Tallahassee right, you know, and it's
Speaker 5: a much much different beast. And and so you know,
Speaker 5: did they have her. You know, she's in a very
Speaker 5: very difficult position.
Speaker 3: So and we'll see. I mean, I'm not and I'm
Speaker 3: not convinced that she's the right ag right, I after
Speaker 3: mac Gates was was uh was.
Speaker 5: Was was ship can that was the odds on bet
Speaker 5: my Dexter right and I both made the call that
Speaker 5: it would be Pambondi and that Ashley Moody would be
Speaker 5: moved into you know, Rick Scott's position and blah blah
Speaker 5: blahlah blah and that. But there's still a feud going
Speaker 5: on between the Santas and Trump because you know, he's
Speaker 5: Trump and there's no known cure.
Speaker 1: So you know, well, like, so let's let's let's pivot.
Speaker 1: Let's pivot to uh to well, actually I want to
Speaker 1: start with Yeah, let's start with Canada. I know that's
Speaker 1: not not the headline grabber, but Mark Carney being you know,
Speaker 1: Bank of England. Uh yeah, seems like a you know,
Speaker 1: a globalist plant, especially since he wasn't even elected. I'm
Speaker 1: just curious what your read is on all of it.
Speaker 5: Oh God, I just did an hour and a half
Speaker 5: of my friend Sean Newman about this this very thing,
Speaker 5: and I'm about to publish a podcast as a matter
Speaker 5: of fact, I've got a podcast with Chris Sims of
Speaker 5: the Canadian Taxpayers Federation, who is a great source of
Speaker 5: information about Mark Carney, by the way, because she's actually
Speaker 5: read this book like she's braver soul than I am.
Speaker 3: And I've got one of those coming out.
Speaker 5: So for the gold Goods, and Guns podcast that'll be
Speaker 5: I'll be publishing that right after you and I get
Speaker 5: done this afternoon. I've got it all like laid out.
Speaker 5: So I've been really dip dipping into Canada a lot.
Speaker 5: And I you know, so last week I was on
Speaker 5: with Sean and Alex Newman, sorry Alex Kraner, on Seawan
Speaker 5: Newman's podcast, and because we hadn't done one in a while,
Speaker 5: and we and it was the day that car Me
Speaker 5: got sworn in. And then right after that we had
Speaker 5: this announcement about three or four hours later about Canada
Speaker 5: issuing bonds denominated in US dollars. And I knew this
Speaker 5: was important because I knew the timing was important. It
Speaker 5: may not be the size of the bond issuance or whatever,
Speaker 5: but it was important because for optics purposes. So the
Speaker 5: next morning of courth I have to get up and
Speaker 5: I have to do my Wednesday market report for my patrons,
Speaker 5: and I have to think I have to talk about this,
Speaker 5: and so I start thinking about it. It took me about
Speaker 5: ten minutes to figure out, oh right, knowing everything that
Speaker 5: I know about SOFA and libor and offshore dollar markets
Speaker 5: and everything else, I'm like, oh, This is just another
Speaker 5: this is another attempt to shovel you know, cheap euro
Speaker 5: dollars into the failing European financial system via the back
Speaker 5: door with with with Carney as the you know, that's
Speaker 5: why they.
Speaker 3: Put Carne in charge. It's similar to what happened when.
Speaker 5: Mary Droggy, the former head of the ECB, took over
Speaker 5: the caretaker government in Italy after they blew up the coalition,
Speaker 5: the populist coalition there, if you remember, you go back
Speaker 5: to that and knowing full well that the polls were
Speaker 5: all pushing eventually that Georgia Maloney would take power, but
Speaker 5: they forestalled that for as long as possible, put Draggy
Speaker 5: in place in order to do as much damage to
Speaker 5: Italy as possible before he was finally forced out the door,
Speaker 5: and then leave Maloney with an absolute mess.
Speaker 3: Right now, no one is going to.
Speaker 5: Going to is going to equate the depth of the
Speaker 5: Italian deep state to the Canadian deep state. But because
Speaker 5: the Italian deep state makes the American deep state look
Speaker 5: like a bunch of quakers, and because it does because
Speaker 5: it's a thousand years old or two thousand years old,
Speaker 5: much more entrenched, right, But there's definitely something going on here.
Speaker 5: Davos has moved heaven and earth to put Carni in
Speaker 5: charge by validating two thirds of the Liberal Party votes.
Speaker 5: And then you know, I mean I got sent the
Speaker 5: spreadsheet of the of the boat totals by riding and
Speaker 5: it was like straight across the board, ninety ten, ninety ten.
Speaker 5: There wasn't even any They didn't even try and hide
Speaker 5: the fact that they just made the numbers up like that.
Speaker 3: They just you know, they.
Speaker 5: Just ran a random number generator right on every column
Speaker 5: and then you know, copied and paste with values and
Speaker 5: then they were done to the hide their work.
Speaker 3: I can almost bet you that's what they did.
Speaker 1: It was a conclusion that Carney was going to be
Speaker 1: the next prime.
Speaker 5: Minister, right because they needed him to come into play.
Speaker 5: There's no way that Christian Friedlan was going to be
Speaker 5: prime minister. Her job was to act crazy what she is,
Speaker 5: the crazy you know Ukrainian diaspora bitch that she is,
Speaker 5: and and then push every and then say okay, well
Speaker 5: we're going to have more Carney come in because he's
Speaker 5: a nice, you know, offensive list technocrat.
Speaker 3: Again classic kind of Davos play.
Speaker 5: We have the crazy woman and saying we need New
Speaker 5: Canada needs nuclear weapons to defend against the evil United States.
Speaker 5: And then Mark karneye comes in, right, That's like, that's
Speaker 5: the way they always play this. So McCarney, being a
Speaker 5: central banker, understands plumbing, understands global plumbing, understands that they're
Speaker 5: they're plumbing for the carbon credits, the carbon taxes and
Speaker 5: everything else far better than I do. Like I'm not
Speaker 5: going to sit here in the ark that I know
Speaker 5: exactly what we're going to do, because I will. I'm
Speaker 5: not going to blow up smoke up anybody's ass about that.
Speaker 5: But I do know is how these people operate and
Speaker 5: with how they think, because it's pretty obvious, and they
Speaker 5: need to be able to continue to have as many
Speaker 5: offshore sources of cheap dollars, some lever up through City
Speaker 5: of London to control the flow of dollars at the
Speaker 5: margin globally in order to keep the system afloat, while
Speaker 5: Trump pulls back on the amount of dollars that we're
Speaker 5: going to send out overseas over time.
Speaker 3: Okay, so all the budget cuts right, all of the.
Speaker 5: All of the spending cuts that they want to enact,
Speaker 5: and they can enact, and we're going to get to
Speaker 5: the continuing resolution in a second here, And why I'm
Speaker 5: really angry with Thomas Massey because he should know better,
Speaker 5: because he does know better, because he's been briefed.
Speaker 3: As to what the difference is.
Speaker 5: But you know, you have a the stock of dollars
Speaker 5: does not matter. The stock of dollars is reserves isn't
Speaker 5: really important. What's always important is the flow at the
Speaker 5: margin of anything. Like any basic understanding of economics is
Speaker 5: that prices are set at the margin. So the price
Speaker 5: for dollars is set at the margin. So if Trump
Speaker 5: is pulling back on hundreds of billions of dollars on
Speaker 5: a yearly basis going overseas to liquidate to to liquefy
Speaker 5: shadow banking in dollars around the world outside of the
Speaker 5: FEDS of ability to control, then more sources for them better.
Speaker 5: And if he's going to drive those up, then they
Speaker 5: have to come up with new ways to deal with it. Now,
Speaker 5: the key to this is understanding that the Canada runs
Speaker 5: the ten billion dollar a month trades for plus the
Speaker 5: United States.
Speaker 3: In twenty twenty.
Speaker 5: Four, the Canada ran one hundred twenty four point five
Speaker 5: billion dollar trade surplus with the United states, This is
Speaker 5: just trade surplus. When Trump bandies around the number two
Speaker 5: hundred billion dollars a year, that's Canada's stealing from US. Well,
Speaker 5: one hundred and twenty four billion to that is the
Speaker 5: trade surplus. And I'm sure that he's got some other
Speaker 5: sources of revenue that he's thrown in there, and then
Speaker 5: he likes to exaggerate by twenty percent because he's Donald
Speaker 5: Trump again, and there's no known cure. So when you
Speaker 5: put all that together, it's very clear that that's one
Speaker 5: hundred and twenty four billion dollars that can be used
Speaker 5: in a bond issuance to pay a lot of coupon payments. Specifically,
Speaker 5: one hundred and ten billion dollars a month is three
Speaker 5: hundred billion dollars worth of US dollar denominated bonds at
Speaker 5: three percent, Right, that's a lot of money, or.
Speaker 3: So it levels.
Speaker 1: They're doing it to beat down interest rates.
Speaker 5: They're doing it to create a dollar dollar carry trade
Speaker 5: between the Fed and the Bank of Canada.
Speaker 3: Because traditionally this.
Speaker 1: Is why would Carne, Why would Carne play ball? Like
Speaker 1: my understanding is that the Trumpet admin and you know
Speaker 1: the Davos crowd, which I put Carne in that camp
Speaker 1: or at odds with one another, so.
Speaker 3: So again, go again.
Speaker 5: The point being is that the carry trade is that
Speaker 5: you're doing an end run around the FED. The FED
Speaker 5: is trying to hold monitoring polls tight, and we expect
Speaker 5: them tomorrow to not cut rates. The Bank Canada's cut
Speaker 5: rates the other day. So it's really funny, is like
Speaker 5: that Wednesday morning, I'm sitting there putting the slides together
Speaker 5: for my market report and doing the thing and thinking
Speaker 5: about this, and I'm like, and I was done early
Speaker 5: because I had gotten up because I got finally gotten
Speaker 5: a decent night sleep, went to bed early, got up
Speaker 5: at like six o'clock, and by eight thirty I was
Speaker 5: ready to record. Now, usually I am not ready to
Speaker 5: record till ten ten thirty in the morning. And I'm like, oh,
Speaker 5: I gotta wait, because the Bank of Canadas, if I'm
Speaker 5: right about all this, the Bank Canada is going to
Speaker 5: announce that they're going to cut interest rates by twenty
Speaker 5: five basis points in twenty minutes. And then they did.
Speaker 5: Got you because it makes sense because here's the thing.
Speaker 5: The bank to the Bank Canada likes.
Speaker 3: To keep interest rates.
Speaker 5: It's about twenty five to fifty bases points below the
Speaker 5: Fed Funds rate. So as Powell was raising sharply during
Speaker 5: twenty twenty two and twenty twenty three, the Bank Canada
Speaker 5: went along with them, and they'd hit five percent while
Speaker 5: we hit five and a half.
Speaker 3: But since then, Powell's.
Speaker 5: Come down a point. They've come down to two seven
Speaker 5: to five. They've cut two and a quarter. Okay, so
Speaker 5: that spread is now much much wider than it was
Speaker 5: in the past and it's ever been, and I expect
Speaker 5: that it's going to continue. I expect Powell to start
Speaker 5: cutting rates again later in the year. I mean, I
Speaker 5: fully expect by the end of the year will be
Speaker 5: closer to three percent than four percent on the Fed
Speaker 5: Funds rate. I've been calling for either three, two five
Speaker 5: or three The current so for futures market is saying
Speaker 5: December twenty twenty five money is three seven five. It's
Speaker 5: dipped as low as three five to five. We'll see.
Speaker 5: We have an FOMC meeting tomorrow, so that will change.
Speaker 5: That will probably move that market in some probably move
Speaker 5: it down fifteen basis points tomorrow. I'm just knowing the
Speaker 5: way this market works. So when I'm thinking here is
Speaker 5: is you set up why would you drop that? Why
Speaker 5: would you widen that spread if you weren't going to
Speaker 5: try and set up a dollar dollar carry trade between
Speaker 5: Canadian issued offshore dollars and American dollars, right, because now
Speaker 5: you can borrow it and two point seventy five percent
Speaker 5: in the US dollars and then invest it four point
Speaker 5: twenty five or four point or even worse four point
Speaker 5: six than the thirty Right. And if you look at
Speaker 5: the way they the US yield curve is sitting right now,
Speaker 5: there's a big kink between six months and two years,
Speaker 5: and then the long end of the curve is up
Speaker 5: really strong.
Speaker 3: So the market has pushed the thirty year up like
Speaker 3: thirty basis points over the ten and that's the highest
Speaker 3: to spin in, you.
Speaker 5: Know, going back to green span. Okay, since Bernanki took
Speaker 5: us to the zero bound, it hasn't been that high.
Speaker 5: Forever that spread has been that high. So why would
Speaker 5: that be, Well, you know, if you want to write
Speaker 5: the headlines that administration, well it is. If you want
Speaker 5: to write headlines that that Trump is sowing global chaos,
Speaker 5: well would you do if you were Davos, you'd sell
Speaker 5: some of your stock of treasuries? Especially the long dated ones,
Speaker 5: to push up the long end of the yeld curve,
Speaker 5: and you'd buy the short end of the yield curve,
Speaker 5: right so right, you would create.
Speaker 1: Well because then you have the inversion and then the
Speaker 1: expectation is a recession.
Speaker 3: BI can go.
Speaker 5: So remember, one of the things that I figured out
Speaker 5: I've been tracking over the last three years since Palace
Speaker 5: Server raising race, was that it's been the Europeans that
Speaker 5: have been buying a crap ton of US treasuries. They've
Speaker 5: bought as of the last TICE report, they've bought and
Speaker 5: I haven't done this month, so I guess the fifteenth
Speaker 5: was over the weekend. So okay, as of last month's
Speaker 5: TIC report, I haven't done this month yet, but i'll
Speaker 5: add it in. So as of December of twenty twenty
Speaker 5: four or January, yeah, twenty twenty four, back to September
Speaker 5: of twenty twenty one, over that time, the central banks
Speaker 5: that I associate with Europe and the UK have bought
Speaker 5: over one point one trillion dollars net net of US treasuries,
Speaker 5: significantly China and China and the and Japan. In the
Speaker 5: early stages of the rate hikes and the tightening during
Speaker 5: in the in the months before Powall started raising rates,
Speaker 5: and then that early in those early days when it
Speaker 5: was just building the massive reverse repo balanced during twenty
Speaker 5: twenty one, and during all that they sold a bunch
Speaker 5: and then they stopped, and then basically the Asia Pacific
Speaker 5: has been flat.
Speaker 3: The rest of the world, the rest of the world.
Speaker 5: Who's not defined as the European Union, plus the British
Speaker 5: and all of their attendant Central Bank and their their
Speaker 5: attendent subsidiaries, and it didn't count Singapore and Hong Kong
Speaker 5: in that list. Like this, they're still dumped in in
Speaker 5: the in the Asia Pacific pile. But just like the
Speaker 5: Bahamas and the British Virgin Islands and the Caymans and
Speaker 5: Ireland and Canada, they've all bought a shit ton of
Speaker 5: US treasuries.
Speaker 3: As a matter of.
Speaker 5: Fact, as of you know, it's been neck and neck
Speaker 5: now for a couple for the last six months between
Speaker 5: the Bank of England or China being the second largest
Speaker 5: holder of US treasuries as reserves. Central banks, right, which
Speaker 5: was the British have never owned this many. So now
Speaker 5: that here's the question for you, why would they do that? Well,
Speaker 5: they were doing that in in order to keep a
Speaker 5: cap on bond heelds overseas, right, and to keep a
Speaker 5: cap on, we'll keep a cap on the US bond
Speaker 5: yields in order to keep it.
Speaker 3: Then attendantly keep a.
Speaker 5: Cap on bond yields overseas because everything is about keeping
Speaker 5: like the interest rates and the exchange rates and a
Speaker 5: certain and a certain band. And outside of those bands
Speaker 5: is when is when interest rate derivatives start to pop
Speaker 5: off and people start to need to get paid because
Speaker 5: they're all.
Speaker 3: Hedged in a tight band.
Speaker 5: You get outside of the band, and now something has
Speaker 5: to happen, and you can watch and you can see
Speaker 5: this in a number of different charts. You can look
Speaker 5: at the euro pound cross of how hard they've defended
Speaker 5: eighty three cents. You can look at the up until recently,
Speaker 5: the German ten year yield was defended a two point
Speaker 5: five percent on the German ten year yield for three years.
Speaker 5: So was the French yield three percent, It was it
Speaker 5: was everywhere and well guard you're running a yieldcare control
Speaker 5: program while she was in power, and now that she's not,
Speaker 5: now that now those markets are starting to break down
Speaker 5: and they need other ways to deal with to try
Speaker 5: and keep the spreads from blowing out, or they need
Speaker 5: to accelerate the collapse of the European bond markets with
Speaker 5: profligate spending and go for a digital euro war blah
Speaker 5: blah blah blah blah, which is what I think they're
Speaker 5: actually trying to set up.
Speaker 3: But they're trying to prime Trump for it. Not that.
Speaker 1: Uh well yeah, see Mark Carney and uh, I forget
Speaker 1: the I forget the lady's name, but EU. They were
Speaker 1: talking about digital euro. So I think I think your
Speaker 1: your read is probably right that that's the transition of
Speaker 1: Guard just to yeah, the Guard and just to Christine
Speaker 1: Leguard the the X just a brief explanation at least
Speaker 1: my understanding is, like, the reason you want to keep
Speaker 1: these things in a band is because, I mean, global
Speaker 1: financial markets are so interconnected. Plus you have you have
Speaker 1: derivative products that are built off of the back of
Speaker 1: these things. And if you if you have one asset
Speaker 1: class that gets too far out of range, then you
Speaker 1: have you.
Speaker 3: Know, sure margin, you still have margin calls.
Speaker 1: Yeah, all of chaos can break out.
Speaker 5: Well, this is let's go back to August fifth of
Speaker 5: last year, when the Japanese Ministry of Finance dumped the
Speaker 5: whole bunch of yen on the market and or pulled
Speaker 5: a whole bunch of yen on off the market, dumped
Speaker 5: the whole bunch of dollars on the market and moved
Speaker 5: the en over three week period from one hundred and
Speaker 5: sixty one down to one hundred one forty and caused
Speaker 5: a whole bunch of cascading defaults. Now in the short
Speaker 5: term that unwound a lot of US dollar Japanese yen
Speaker 5: carry trades. Since then, we've been watching the Europeans to
Speaker 5: manage the euro, to keep the euro yen cross from
Speaker 5: collapsing below one fifty five, which is the which is
Speaker 5: the line there. They pushed it back up in recent
Speaker 5: days with the euro bouncing back to one o nine,
Speaker 5: and I think but that. But again, now you have
Speaker 5: to ask yourself the question like, okay, well, why would
Speaker 5: the euro be trading at one on well if everybody's
Speaker 5: worried about a sovereign tch crisis brewing in Europe, Because
Speaker 5: the governments are now all going to like print to
Speaker 5: the high heavens in order to spend in order to
Speaker 5: rearm quote unquote rearm Europe, wouldn't you get the cash?
Speaker 1: Yeah, I mean it's eight hundred billion they're allegedly going
Speaker 1: to put together, and you know that they can't text that,
Speaker 1: so they're going to be borrowing and printing it. So's
Speaker 1: it's looking rough. I mean, my read of things is
Speaker 1: that Europe and Canada are just absolutely fucked like, and
Speaker 1: Canada in particular, I'm like, I'm curious to get your
Speaker 1: read And this is like one of the main reasons
Speaker 1: I wanted to talk to you again, despite the fact
Speaker 1: that you're just very interesting, is that you know, Canada.
Speaker 1: To me, I'm trying to get a read on what
Speaker 1: Trump's doing. You know. It's it's very interesting because, yeah,
Speaker 1: I know, he does tend to think that, you know,
Speaker 1: trade deficits are are the end of the world, and
Speaker 1: I don't particularly feel that way, but it seems as
Speaker 1: if he's treating Canada significantly worse than they probably blee deserve.
Speaker 1: And you know, maybe I'm just being a softy. What's
Speaker 1: what's his angle? What's he doing?
Speaker 2: Well?
Speaker 5: His angle is is I think it's the same angle
Speaker 5: that he has for the United States. Like I've been
Speaker 5: operating under the app I've been operating under the the
Speaker 5: premise since Powell sort of the stealth tightening back in
Speaker 5: June twenty twenty one.
Speaker 3: That if if I'm you know, it's back then when
Speaker 3: you and I.
Speaker 5: Think you and I haven't spoken like directly in a
Speaker 5: couple of years since I first started talking about this,
Speaker 5: back then when I when I was thinking about that
Speaker 5: and I and I then projected.
Speaker 3: It out only what was that me?
Speaker 5: Does this mean like that we are like declaring independence
Speaker 5: all over again? Is this the real American revolution?
Speaker 3: Because it has to be.
Speaker 5: Divesting and not divesting, but creating separation between European and
Speaker 5: American markets, meaning we get the price dollars at the margin,
Speaker 5: not Europe, not the city of London. We've never been
Speaker 5: able to do that history, and it's been an obsession
Speaker 5: of mine now for the last three years. Is I
Speaker 5: play that thesis out or play that hypothesis not thesis
Speaker 5: but hypothesis out of my head and then see if
Speaker 5: I can see false, I can then falsify it right.
Speaker 5: And what I've come to the conclusion is I think
Speaker 5: I'm right that you have to if Trump is trying
Speaker 5: to declare independence from old colonial Europe and or in England.
Speaker 5: Then he's trying to save the United States. Well what
Speaker 5: if it's a bigger story than that. What if what
Speaker 5: he's actually saying is We're going to free the entire West.
Speaker 3: From these fucking people. Now, how do you do that?
Speaker 5: Well, you do that by forcing all the globalists that
Speaker 5: run Canada out of office. You put pressure on here
Speaker 5: Starmer in England, you put pressure on NATO, which is
Speaker 5: how the European Union thinks it's going to continue to
Speaker 5: you know, live on our couch and make us pay
Speaker 5: the mortgage payment for Europe, Like, no, you have. This
Speaker 5: is so it's all tied to the money flow. It's
Speaker 5: all tied to that. And so tariffs are a strategy
Speaker 5: to blow open this nonsense eighty six, all the trade
Speaker 5: imbalances and let's you know, let's reset the playing field.
Speaker 5: But and this is the way I've been trying to explain,
Speaker 5: you know, if you really listen to him talk, and
Speaker 5: his language is terrible, Like he's triggered so many Canadians
Speaker 5: on this because and I get it.
Speaker 3: If I were Canadian, I'd be.
Speaker 5: Just dis triggered by Trump. You know, Calumost the fifty
Speaker 5: first States, anybody else, I'm not gonna lie here. But again,
Speaker 5: and this is what I'm saying that Shawn not two
Speaker 5: hours ago, and in some ways is also what I
Speaker 5: said to Chris Sims, is that look, get past the
Speaker 5: emotional response, think about what this is actually doing.
Speaker 3: You're not happy with Justin Trudeau.
Speaker 5: You don't want Mark Carney, you don't didn't want Christia Freeland,
Speaker 5: you don't trust Pierre Poliev like I talked to Canadians
Speaker 5: about this, from Ontario to British Columbia, and I talked
Speaker 5: to them all and they're all like, yeah, no, Paulia
Speaker 5: is no better.
Speaker 3: He's just controlled nominition at best. I agree he's weak.
Speaker 5: So was Scott mow and Saskatchewan. And now we're figuring
Speaker 5: out probably Daniel Smith.
Speaker 3: Out in Alberta.
Speaker 5: And I plugged deeply into through Sean Newman and others
Speaker 5: Alberta politics.
Speaker 3: So at this point, so they're going to be there
Speaker 3: in May again, I'm going to be in Calgary in May, and.
Speaker 1: So that's position. Well is this any worse?
Speaker 3: Right?
Speaker 5: So now the question to ask yourself is Trump is
Speaker 5: in his own way saying look, I'm offering something that
Speaker 5: no one's ever offered.
Speaker 3: You. You've never really been part of the Europe. You've
Speaker 3: never really been part of the United States.
Speaker 5: You exist as this plaything of both vaster powers. We're
Speaker 5: offering you to become part of the United States for
Speaker 5: these reasons. Somebody said the other day was crue, but
Speaker 5: he was correct. I look at the canon, I'm like,
Speaker 5: I just don't think it works very well as anything
Speaker 5: other than the state. Why he's thinking in terms of
Speaker 5: our legal structure. He's thinking in terms of our corporate structure, taxes, defense, this, that,
Speaker 5: and everything, all the basic mechanics of operating your country.
Speaker 3: Or operating the territory.
Speaker 5: Canadians would get a better deal into the United States
Speaker 5: because you'd get our tax laws. You'd become part of
Speaker 5: the as from Europe's perspective, the biggest part of the
Speaker 5: biggest tax haven in the world, like the Europeans see
Speaker 5: of the United States, and we really are the largest
Speaker 5: tax haven in the entire world relative to everybody else.
Speaker 3: We as Americans look at it and go, where's the
Speaker 3: tax haven for us? Right?
Speaker 5: But the truth is everybody else goes to key here
Speaker 5: because we have the best tax law, we have the
Speaker 5: best corporate law, we have the best legal protections, in
Speaker 5: the idea, well at least we did until Obama and
Speaker 5: Biden and the Biden hunt and all the rest of it.
Speaker 3: But so but in theory, especially with the constitution, that's
Speaker 3: what we have. Now.
Speaker 5: That's the offer for the Canadians that he's kind of
Speaker 5: putting on the table. So he's literally saying, we can
Speaker 5: help you, we can free you from this same thing,
Speaker 5: the same offering and effect is on the table somewhat
Speaker 5: to the to Britain's you know, to the b R
Speaker 5: I t o n s Briton's right, not to the
Speaker 5: city of London them, not to Kiir Starmer and Tony
Speaker 5: Blair and those globalists, but to you know, little Britain,
Speaker 5: to the people that Jeremy Clarkson, you know, advocates for
Speaker 5: on his friggin farming show. Those are the people who
Speaker 5: are being left behind. Those are the people being fucked
Speaker 5: by this entire system. And this is effectively what Trump
Speaker 5: is trying is is is think this is the way
Speaker 5: he's thinking.
Speaker 3: And he's not so.
Speaker 5: Good, like he's not particularly good at expressing, because I
Speaker 5: think he just kind of blucked into it in many
Speaker 5: ways after sitting down with Justin Trudeau and you know.
Speaker 3: Apparently the story was once.
Speaker 5: He was he sat down and talked to Trudeau, and
Speaker 5: Trudeau was like trying to say, don't don't put tariffs
Speaker 5: on as you'll destroy us, You'll destroy cannedy. He's like, well,
Speaker 5: if you know, if I put tariffs on, you do
Speaker 5: and I just ray, economy. Are you really a country, right,
Speaker 5: You're you're basically an award of the United States.
Speaker 1: Yeah. I mean it's very interesting because, like, I see
Speaker 1: what you're saying, and I understand that, you know, Canada
Speaker 1: really does survive based off of our market. Like that's true.
Speaker 1: Seventy five plus percent of their exports come to the
Speaker 1: United States. They're very reliant on us. But they've also
Speaker 1: not been you know, extraordinarily antagonistic. Most of the illegal
Speaker 1: immigration does come from the southern border, despite the fact
Speaker 1: that Trump's trying to make it sound as if it's,
Speaker 1: you know, just an equal issue on our north in
Speaker 1: the fentanyl to most of it's coming from the South.
Speaker 1: It's just it's just a very interesting angle. So here's
Speaker 1: here's where I struggle with your hypothesis. It's that, like
Speaker 1: I understand that you want to get off you want
Speaker 1: to get off liboard the London interbate overnight rate. Am
Speaker 1: I just got that? Yeah, yeah, and you want to
Speaker 1: break away from London. You want to you know, basically
Speaker 1: declare independence autonomy. What I don't what doesn't jive with me,
Speaker 1: is I don't see Trump being a guy who understands that,
Speaker 1: like not on not on that high, high, high level.
Speaker 1: Not to say that he's not, you know, an advanced businessman,
Speaker 1: which he is, but like this is this is high
Speaker 1: level finance, which was my arena. You know Trump ain't that?
Speaker 1: So who is who is actually advising him down this path?
Speaker 1: Because I find it hard to believe that it's Trump.
Speaker 3: Well, it's interesting.
Speaker 5: You say that, because I didn't think that same thing
Speaker 5: up until I'll be honest with you, up until he's
Speaker 5: sick Elon Musk and Kir Starmer or kir Stalin, I
Speaker 5: didn't think he understood that at all either. So and
Speaker 5: maybe he never did, right but previously and maybe he
Speaker 5: really just did just want a simple thing, you know, Hey,
Speaker 5: let's just rebalance everything and move forward. But his rhetoric
Speaker 5: since coming to office, I think tells me that he
Speaker 5: does understand the whole, the whole lionizing Andrew Jackson and
Speaker 5: McKinley and this one and now and Garfield and all
Speaker 5: the other I think it's real.
Speaker 3: And I you know, and I think that, but I
Speaker 3: guess what I'm saying. Okay, what was the saying.
Speaker 5: I think Trump is very good at saying a lot
Speaker 5: of shit that he doesn't necessarily that is a distraction
Speaker 5: while holding his core while holding his core cards on
Speaker 5: the oh you know.
Speaker 1: I mean, he's no doubt, no doubt about that. But
Speaker 1: what I'm saying is like someone gamed this out like
Speaker 1: it Trump was not the brainchild.
Speaker 3: No, no, no, who is it?
Speaker 1: Do you know?
Speaker 5: I don't know, But my guess is that it's a
Speaker 5: consortium of New York banks. And I would think that
Speaker 5: the ringleader is Jamie Diamond. I've been thinking that in
Speaker 5: many ways for about forty years now, Okay, And that.
Speaker 1: Well, I believe that I believe that hypoth I believe
Speaker 1: that hypothesis. Jamie Diamond is smart enough to fucking game
Speaker 1: plan this.
Speaker 3: They can go.
Speaker 5: And I I've been saying since the mid since and
Speaker 5: again I had to put like the tea leaves, I
Speaker 5: had to read the te leaves, but like connect some
Speaker 5: dots here go back to my original hypothesis about so
Speaker 5: for versus Libork, and I go back to things that
Speaker 5: Martin Armstrong wrote, both publicly, but mostly he wrote them privately.
Speaker 5: So he wrote a lot of stuff in this private blog,
Speaker 5: which I've been a subscriber of Martins, just to the
Speaker 5: private blog at the fifteen dollars level, you know, going
Speaker 5: back to like twenty twelve, you know, when I didn't
Speaker 5: have a pot to pisson or window to throw it
Speaker 5: out of, and and I between during COVID and all this,
Speaker 5: Martin kept dropping little bond Moss, here's one for you,
Speaker 5: which was you know, and then there was Zero Hedge
Speaker 5: talked about it as well. JP Morgan in JP Morgan
Speaker 5: Chase in twenty nineteen, Zero Hedge kept writing over and
Speaker 5: over and over again.
Speaker 3: And I can't find these.
Speaker 5: Freaking articles because zero Hedge refuses to get a halfway
Speaker 5: decent fucking search engine.
Speaker 3: Dude, Tyler, buy.
Speaker 5: A halfway decent fucking search engine for for I sake,
Speaker 5: so I can find this stuff because you wrote about it,
Speaker 5: you talked about it, which was that kept writing over
Speaker 5: and over again.
Speaker 3: Why is JP Morgan trying to start a REBO crisis?
Speaker 3: In February. In January in March, in June, and then
Speaker 3: in September.
Speaker 5: We had the sofa crisis at twenty nineteen, which forced
Speaker 5: the FED into the Reboul markets.
Speaker 3: Right. What happened, Well, Martin Armstrong cold this what happened.
Speaker 5: Which is that the that JP Morgan was the only
Speaker 5: one was the first US bank to refuse to take
Speaker 5: European sovereign debt as rebo collateral at par I don't
Speaker 5: know what they were offering, but it certainly wasn't anything
Speaker 5: close to par. So because of that, they were creating
Speaker 5: a year dollar crisis. And because Sofur wasn't yet the
Speaker 5: law of the land, it was still in pilot program,
Speaker 5: it was still in pilot rollout, so there wasn't there
Speaker 5: wasn't a mature sofa market at that point. So, you know,
Speaker 5: we had a blow up in Sofur at that point.
Speaker 5: I didn't understand what it meant at all.
Speaker 3: Back then, I had no idea what was going on.
Speaker 5: And I just looked at it and I went, well,
Speaker 5: you know, it's kind of like bear Stearn. It's kind
Speaker 5: of like the Repo crisis of two thousand and seven.
Speaker 5: And in September two thousand and seven, and by March
Speaker 5: of two thousand and eight. Bear Stearns is vaporized, right,
Speaker 5: I said, the FED stepped in two thousand and seven,
Speaker 5: and we're gonna get about a six month halo effect,
Speaker 5: and then there's going to be a financial crisis. I
Speaker 5: ever wrote about this for Newsmax and my blog and
Speaker 5: the Newswriter and everything else, and I said, yeah, by March,
Speaker 5: we'll probably run out of that halo effect. And then
Speaker 5: we're going to find out whether the FED is serious
Speaker 5: about what's going on or not, and they're gonna have
Speaker 5: to do something about this. And if they haven't fixed anything,
Speaker 5: then we're gonna have another crisis.
Speaker 3: And lo and behold.
Speaker 5: You know you wanted a miracle, I give you CoV
Speaker 5: ID right, and thing go and we have a financial crisis.
Speaker 5: We can lock up the oil markets, which then lock
Speaker 5: up the treasury markets, which then then and then gives
Speaker 5: us the Cares Act, and then you know history. So
Speaker 5: I think that the JP Morgan was the start there
Speaker 5: to start the decoupling process of European and American banking
Speaker 5: institutions in in their and their relationships back then in
Speaker 5: anticipation of SOFI going alive and JET for all US
Speaker 5: debt and January twenty twenty two, which is why twenty
Speaker 5: twenty one was so contentious, as the Biden administration tried
Speaker 5: to push Build Back Better and the Infrastructure Bill and
Speaker 5: everything else through in order to tie, in order to
Speaker 5: tie the Fed's hands and keep them at the zero bound.
Speaker 5: And that's why Biden played games with Powell's reappointment. It's
Speaker 5: why there was the insider trading scandal that fall right
Speaker 5: and that plays right into all finance and all the
Speaker 5: Libertarians who hate the FED and hate Powell and everything
Speaker 5: else like we all got used as friggin as freaking
Speaker 5: newsfol idiots like.
Speaker 3: All of us got used on that.
Speaker 5: And at that point I was jacking out because I
Speaker 5: could see the play. I could see that because I
Speaker 5: had already made the I had already begun the process
Speaker 5: of thinking, maybe.
Speaker 3: Powell's doing what they don't want him to do.
Speaker 5: Why is he tightening monetary policy in the United States,
Speaker 5: And like, what's going on here?
Speaker 3: And why are they all angry with him? And why
Speaker 3: are they doing this?
Speaker 5: And why are they lying about the Build Back Better Bill?
Speaker 5: And why and why is policy trying to tie three
Speaker 5: all three of these votes together when he she could
Speaker 5: easily pass them individually, right and so, and then when
Speaker 5: the inside of trading scandle hit, I'm like, ah, no,
Speaker 5: they're going after Powell because he wants to raise rates.
Speaker 5: And then Biden goes runs Powell out until his term ends, right,
Speaker 5: and then the FMC votes Powell chair pro tem until
Speaker 5: chair until reappointment until a reappointment vote, which then ties
Speaker 5: Biden's hands. He has to put Powell up for reconfirmation.
Speaker 5: He wins eighty twenty in late February. At the very
Speaker 5: next meeting, pelle starts raising rates right boom.
Speaker 3: And then that's his because because.
Speaker 1: He had he had autonomy again.
Speaker 5: Now he had autonomy to do what he needed to do.
Speaker 5: And but it, you know, it was just it was
Speaker 5: a very tense, like six month period where Obama and
Speaker 5: Biden and well Obama really and Davos were trying to
Speaker 5: take control of the of you know, get control of
Speaker 5: the of the of the FED in order to leave
Speaker 5: us at the zero bound forever and newter the FED
Speaker 5: and destroy the country. That was the moment now during
Speaker 5: that time, and what I said was, Okay, if I'm
Speaker 5: right about this, then someone in the Senate is going
Speaker 5: to oppose this bill, and they're gonna have the ability,
Speaker 5: they're gonna have somebody standing on their shoulder saying it's okay,
Speaker 5: Joe Manchin, It's okay, kirston Cinema. You can oppose this
Speaker 5: because they're not going to kill your children. They're not
Speaker 5: going to kill you. Why because we're fucking JP Morgan
Speaker 5: and where the deal and where the patriots within the
Speaker 5: DoD and this is what you're going to do?
Speaker 1: Interesting?
Speaker 3: And I think that that was my read then and
Speaker 3: I was right about it.
Speaker 5: And I think this thing started when Trump first came
Speaker 5: to office in twenty seventeen to get so started, and
Speaker 5: then it's been it's been just assiduously brick by brick,
Speaker 5: block by block, all the way down the line. And
Speaker 5: the most powerful of the money center. And the reason
Speaker 5: why the money center US banks would go along with
Speaker 5: would hatch this plan is because Davos's plan is to
Speaker 5: do away with commercial banking and move everybody onto a
Speaker 5: central bank digital currency.
Speaker 1: They're like fuck that. They're like you like, no way,
Speaker 1: I'm going to take away my golden goose. You out
Speaker 1: of your mind? Uh no, I could? I can understand
Speaker 1: the the difference in interest. What I think is interesting
Speaker 1: is the you know, the the rush of Ukraine war
Speaker 1: and the response from you know, NATO. Basically the Biden
Speaker 1: administration or you know, Obama term three administration was was
Speaker 1: in lockstep with with NATO with those provocations. Obviously, Kamala
Speaker 1: Harris sparked much of it when she said that, you guys,
Speaker 1: just the door remains open to Ukraine to enter NATO,
Speaker 1: and Putin's like, well, no, fuck it isn't.
Speaker 5: Let's go, guys, go across the border do the thing. Oh,
Speaker 5: by the way, the Russians can do maneuver warfare if
Speaker 5: they really want to. They've just chosen not to for
Speaker 5: the last three years for this reason.
Speaker 1: But yeah, yeah, So my read of it in the like,
Speaker 1: the primary reason I ended up supporting Trump, uh, you know,
Speaker 1: outside of your hypothesis, which I do find compelling, was
Speaker 1: just that I think that he is less interested in
Speaker 1: seeing a hot war with Russia, whereas I felt like
Speaker 1: we were very much on the precipice. And so it
Speaker 1: does seem as if you know, particularly after JD. Vance's speech,
Speaker 1: which if anybody hasn't heard it, I did a full
Speaker 1: episode on it. It was fantastic. In Europe, you know,
Speaker 1: two three weeks ago and he just basically reads him
Speaker 1: the Riot Act and it seemed to signal to me
Speaker 1: that And I think that if your hypothesis is correct,
Speaker 1: it would be very very likely that, in fact, the
Speaker 1: Trump administration does intend to leave NATO. Am I reading
Speaker 1: too much into that?
Speaker 3: I don't think. I don't think you are.
Speaker 5: I think that, Oh, look, Macron wants to be King
Speaker 5: of Europe. Has always talked about the the U Army
Speaker 5: and becoming and France becoming the you know, the new France,
Speaker 5: and Germany becoming the new you know, military industrial accomplix
Speaker 5: for Europe. So the question then is, you know, will
Speaker 5: American in military industrial you know interests, what are they
Speaker 5: going to do?
Speaker 3: Well?
Speaker 5: If Trump is offering them, Hey, we need to rebuild
Speaker 5: our military. Here, I mean, Trump like, let's let's let's
Speaker 5: just store something out there. Trump is talking about the
Speaker 5: amount of money that we've thrown at Ukraine. He's like,
Speaker 5: we could have rebuilt the entire navy with that money, right,
Speaker 5: the whole.
Speaker 3: Navy needs a refit.
Speaker 5: We could have refit the entire existing US Navy, which
Speaker 5: needs a refit badly.
Speaker 1: Mm hmm.
Speaker 5: Right, So just him throwing that's the that's the that's
Speaker 5: that's a bond mob.
Speaker 3: They'll let you know.
Speaker 5: Look, we'll throw the money at the at Grumman and Northrop.
Speaker 1: You're still going to get paid. Stop lobbying my fucking congressman.
Speaker 5: And stop and stop trying to gin up a war
Speaker 5: with China for the purposes of being able to sell
Speaker 5: the next generation weapons.
Speaker 3: We're still going to have next generation weapons.
Speaker 5: We don't need to have a war with Russia or
Speaker 5: China or even the threat thereup. The real problem is
Speaker 5: we have to get the money to stop flowing into
Speaker 5: Europe to destabilize our country because they're using our taxpayer
Speaker 5: money against us. And I think that's been the story
Speaker 5: of the first three months or two and a half
Speaker 5: months of this trumpetministration is look, we're you guys, are
Speaker 5: American taxpayers are being ripped off, and your money is
Speaker 5: going overseas to destroy your home. And it's being done
Speaker 5: by our allies, are supposedly friends and allies, including the
Speaker 5: Canadians to not Canadian people, the Canadians.
Speaker 3: The leadership.
Speaker 1: Yeah, yeah, I understand, you know.
Speaker 5: And so just to make it abundantly clear, and so
Speaker 5: I think that the certain level of that is. So,
Speaker 5: you're right, Trump wants an end of the war with Russia.
Speaker 5: They just had an hour and a half phone call today.
Speaker 5: It was, you know, cordial, and they have a framework.
Speaker 5: And I love what I heard from from Putin. He's like, look,
Speaker 5: I'll be happy to stop bombing the energy infrastructure of Ukraine,
Speaker 5: which is real, that's taking pressure off the civilian population.
Speaker 5: But no, and let's have a thirty day season. I'll
Speaker 5: stop doing that. You don't move any material for thirty days,
Speaker 5: We'll stop the fighting, and let's sit down and have
Speaker 5: a framework and have a talk. Right, That's a perfectly
Speaker 5: reasonable opening gambit for structured talks around Ukraine. So I
Speaker 5: like what I see out of Out of that, I
Speaker 5: think the US, I think the Russian I think the
Speaker 5: Trump Putin thing. I think they've already decided on what
Speaker 5: the deal is. I'll be honest with you. I think
Speaker 5: I think they came to that conclusion last year.
Speaker 1: I was theorizing exactly that. And the reason I was
Speaker 1: theorizing it just last night actually was that that Putin
Speaker 1: didn't intervene on behalf of SOD and I thought I
Speaker 1: thought that was very interesting, because I mean, they're they're
Speaker 1: one of their top allies. The whole reason that Asad
Speaker 1: had had survived that civil war as long as he
Speaker 1: did is because of Russian support. And suddenly in twenty
Speaker 1: four to forty eight hours, it's just like it's over
Speaker 1: and he's gone, and he's on a plane to Russia.
Speaker 1: And I'm like, all right, that that feels like a
Speaker 1: back room deal to me. Yeah, you know, maybe it's not.
Speaker 1: Maybe it's just it just fell apart.
Speaker 5: But you're no, I think you're I think you're on.
Speaker 5: I think you're you know, it's funny. That is one read,
Speaker 5: and I tried to go a little deeper on that.
Speaker 5: There's there's more to the sad story than just that,
Speaker 5: because he's got deep ye to the city of London
Speaker 5: and blah blah blah blah.
Speaker 3: So like God, you know, like Sirius, like Syria is truly.
Speaker 5: The enigma wrapped in a puzzle, wrapped in up, wrapped
Speaker 5: in you know, spaghetti.
Speaker 3: I gets fucking regarded.
Speaker 5: It's crazy how deep it is, right, And I've tried
Speaker 5: so hard to try and map it all, and after
Speaker 5: a while, I just like, no, I don't know, Like
Speaker 5: when I know again, all right, Erdigan has moved in
Speaker 5: to try and stay, to stay by the situation for
Speaker 5: someone I'm not sure who At this point, I don't
Speaker 5: The Israelis are both happy and sad about what's going on,
Speaker 5: and like it's it's all a mess.
Speaker 3: The reality is it is.
Speaker 5: But when you when you back out of all of that,
Speaker 5: and then you have Erdigan Today, let's add one more
Speaker 5: thing saying, oh, Crimea, we will never recognize Crimea, along
Speaker 5: with the like why would Erdigan act like the EU's bitch.
Speaker 3: On this one? This makes no sense? Why wouldn't he nacinate?
Speaker 5: Yeah, now he's like aligning himself with Europe as as
Speaker 5: opposed to Trump and putin what is he nuts?
Speaker 3: Well, yes, but that's because he's ert again.
Speaker 5: But he has always bigger plans right at the same time,
Speaker 5: he may have actually probably, I'll be honest with you,
Speaker 5: I can I can actually answer my own question now.
Speaker 5: Er again makes that statement because he's in a very
Speaker 5: difficult position politically for the first time in his entire career.
Speaker 5: The halo effect of taking Syria is gonna wear off.
Speaker 5: He's got still Kurdish problems, He's still got other issues
Speaker 5: as well, because remember the SEF Kurds are now have
Speaker 5: made a deal with with the Jolawni government in Syria,
Speaker 5: and that makes him so yeah, I can see like
Speaker 5: he sta has he has real he has real political
Speaker 5: issues Turkey. So but let's let's just go back out
Speaker 5: the thirty thousand foot level here, which is what I've
Speaker 5: been trying to get it. Get away from all the minutia,
Speaker 5: even though the minusia is important, and let's just kind
Speaker 5: of back out and say, what do we actually all want? Well,
Speaker 5: what we want is in Israel sufficiently neutered that it
Speaker 5: doesn't have support from Western powers, and we wanted to
Speaker 5: run sufficiently neutered that it doesn't have real, honest to
Speaker 5: God's support from Eastern powers, meaning Russia.
Speaker 3: And or China.
Speaker 5: What you want is if they both want to be belligerent,
Speaker 5: they get to be belligerent on their own, not without British,
Speaker 5: French and American.
Speaker 3: Right. I think that's what everybody's been asking for.
Speaker 5: And I think that Russia is happy to have a
Speaker 5: strategic relationship with Iran in order to help stabilize the
Speaker 5: Russian southern border, and and you know Azerbaijan, Armenia that
Speaker 5: area as well as Afghanistan, and everything else. Like that's
Speaker 5: I think where Russia, Russia and Iran's focus wants to
Speaker 5: That's where Putin wants their focus to be, not the
Speaker 5: Middle East anymore. Trump with with his you know, Gaza
Speaker 5: plan and all this other stuff, I know what he wants.
Speaker 5: He wants the Arabs to come in and step in
Speaker 5: and deal with the problem.
Speaker 1: Yeah. Right.
Speaker 5: He wants the Arabs to take responsibility for the Palestinians
Speaker 5: in a way that nobody ever did before.
Speaker 1: Which is exactly what Egypt. You know, they flipped out
Speaker 1: and then they offered that so.
Speaker 5: Right exactly, and so did the Saudist And it was
Speaker 5: the minute the minute Trump said no, I'm going to
Speaker 5: take Kalaza, They're like no, no, no, okay, okay, okay, right.
Speaker 1: Like, well the rebuild, get the fuck out of here.
Speaker 5: Right well again, But you can't do that until you
Speaker 5: get rid of until you stabilize, until you in effect
Speaker 5: stabilize Israel.
Speaker 3: Now, the way you the way you newter Israel is not.
Speaker 5: By necessarily by cutting off arms support or cutting off
Speaker 5: this eid or.
Speaker 3: Whatever it is.
Speaker 5: Actually to take away their their their support from Britain.
Speaker 5: And you do that by by attacking city of London
Speaker 5: directly because Israel is a land based aircraft carrier for
Speaker 5: the British remnant.
Speaker 1: Because hold on, hold on, this is this is this
Speaker 1: is so counter to what everybody else feels about Trump,
Speaker 1: that he is that he's he's you know, Israel's bitch.
Speaker 1: And you're saying, you're saying he's trying to undermine them.
Speaker 5: No, he's not trying to undermine them. He's trying to
Speaker 5: allow them to stand on their own. But he's not
Speaker 5: going to do so without But they can't do so
Speaker 5: if Iran gets to have its access of resistance running
Speaker 5: around the region blowing shut up. That's why Hesbelin needed
Speaker 5: to be taken out. That's why he bomb the who thies.
Speaker 5: Because here's the thing. What's left of the British Empire,
Speaker 5: other than there are traditional relationships inside India, inside the
Speaker 5: United States, inside Canada, all their colonial Hong Kong and
Speaker 5: whatnot around the world, what's there? What's the superpower that
Speaker 5: they have left other than my sex. It's the fact
Speaker 5: that the British pound settles thirty percent of global for
Speaker 5: acts and that their shipping insurance industry and their shipping
Speaker 5: industry is where the bulk of the money. Why the
Speaker 5: money flows through Britain, That's what Israel is. Israel is
Speaker 5: there to protect British shipping and maritime interests in the
Speaker 5: United States. Is there as the gendarme to protect that
Speaker 5: insurance business out of the city of London. Now, does
Speaker 5: anybody really want Israel to go away in that respect? No,
Speaker 5: but we can't have them. We can't have London being
Speaker 5: the center of the world anymore. That if we move
Speaker 5: that from London to New York or Dallas or wherever
Speaker 5: the New Wall Street's going to be in the United States,
Speaker 5: all of a sudden, we hold those perse strings, we
Speaker 5: hold the puppet strings, and we have really better relationships
Speaker 5: with the Saudia's with the Kataris than everybody else.
Speaker 3: And the British are locked out of that.
Speaker 1: And do you think that the means.
Speaker 5: Also that none of these people, Europe nor Britain have
Speaker 5: access to the vast Russian collateral that the resource pile
Speaker 5: of the don Bass and Plush Russia represent, which is
Speaker 5: how they're going to feed the cash flow after they default.
Speaker 5: They need the default, but then have set up future
Speaker 5: cash flow streams that they can issue new debt against.
Speaker 5: And if they don't have Ukraine and Russia, they don't
Speaker 5: have any collateral. Or if they don't have if theyn't
Speaker 5: have a position in the Middle East, they don't have
Speaker 5: any oil collateral.
Speaker 1: So now what right, Well, that makes perfect sense. That
Speaker 1: was the negotiation chip that that both Starmer and Trump
Speaker 1: were dangling to continue to keep aid with Ukraine was
Speaker 1: was the rare earth minerals. So that that now makes
Speaker 1: sense to me.
Speaker 5: I think it's I think it's actually I think it's
Speaker 5: actually the coal, the oil and gas under the blah blah,
Speaker 5: and you know, the Russian uranium and the cause of
Speaker 5: the Kazakh uranium and all the rest of it.
Speaker 3: So and the timber.
Speaker 5: And the coal, the punction and the tantalum, like all
Speaker 5: the Fourth Road transition metals. Being an old chemist like
Speaker 5: I look at the I look at the fourth I
Speaker 5: look at those for those those those Fourth Road the
Speaker 5: third Road transition metals, and I'm like, those are the
Speaker 5: big ones because that's where all the metal argy, that's
Speaker 5: where all the metallurgical magic happens in.
Speaker 3: And everything else.
Speaker 1: Right, So this is their last lifeline for for you know,
Speaker 1: old Europe is basically to get those resources, use it
Speaker 1: as collateral to leave her up again, and maybe they
Speaker 1: survive a little a little longer.
Speaker 5: No, they no, they and then they use that and
Speaker 5: they also survive a little while longer if they destroy
Speaker 5: the United States in the process, if they destroy the
Speaker 5: rule of law, if they destroyed the culturally and everything else,
Speaker 5: and they get the United States and Russia into a
Speaker 5: hot war over fucking Ukraine.
Speaker 3: Guess what, they won the Table on Humanity.
Speaker 1: No, that'd be huge.
Speaker 3: Fuck that. No, not at all. Yeah, nothing gets me
Speaker 3: like angry or not.
Speaker 5: The guys and so I saw this like four years ago,
Speaker 5: Like I chatting with the Duran guys about this ages ago.
Speaker 3: I was saying, this has got to end. The EU
Speaker 3: is the danger here.
Speaker 1: I know, you and I you and I actually I've
Speaker 1: come around later than you, but you know, my read
Speaker 1: has been similarly that, Like, it's obvious to me that
Speaker 1: the EU leadership, the political class, I don't know that
Speaker 1: they actually run shit, but the you know, the talking
Speaker 1: heads are are way more bombastic towards Russia. I mean,
Speaker 1: like just just psychopathic, honestly. And that's why I've been,
Speaker 1: you know, beating the drum to get us the fuck
Speaker 1: out of NATO kind of the same concept of this,
Speaker 1: you know, allowing Israel to send itce on two feet.
Speaker 1: It's like, there's no malice here. It's like, I don't
Speaker 1: want you guys to all die in nuclear health fire.
Speaker 1: I just don't want to die alongside you, you know,
Speaker 1: like if you if you want to act like a lunatic,
Speaker 1: do it on your own and suffer the consequences because
Speaker 1: we're out. So yeah, I like.
Speaker 3: Your and and take it once.
Speaker 5: You know, no, you're you're absolutely right, And I'm glad
Speaker 5: that that we that.
Speaker 3: That we we have a meeting.
Speaker 5: In the lines on this because it's it's it's so
Speaker 5: very important point here, which is that we can free
Speaker 5: Europe in the same process, right, Like if we're offering
Speaker 5: our independence then translates to Canadian independence, which translates into
Speaker 5: European independence.
Speaker 3: Which is why trumpeting on Musk spent so much time
Speaker 3: on the campaign trail schmoozing Georgia Maloney in Italy, because.
Speaker 5: Italy is part of the triangle, the Triumvirate, the three
Speaker 5: legs that make up the European power, France, Germany and Italy.
Speaker 5: France and Germany are clearly captured territory with the Macrome,
Speaker 5: you know, operating as the as the lead man, and
Speaker 5: the Germans now fully almost in many ways, fully subordinate.
Speaker 5: I just said this afternoon. They want to they're nominated.
Speaker 5: The Germans are nominating Analyin a. Bear Bach, the the
Speaker 5: soon to be former foreign minister as head of the UN,
Speaker 5: as Secretary General of the UN, like, are you kidding me?
Speaker 3: This woman is this woman's a uh is a moron?
Speaker 5: She her she's the only thing she's qualified for is
Speaker 5: getting fucked on only fans, like seriously, And I mean,
Speaker 5: you know, okay, I might watch, but you know she's
Speaker 5: not she's not an unattractive in a kind of cougar
Speaker 5: esque way, in a German cougar esque way.
Speaker 3: But you know, like you know, you know, I have
Speaker 3: no filter, dude.
Speaker 1: So it's ok.
Speaker 3: And but but it's Italy.
Speaker 5: That's the that's the key here, which is that if
Speaker 5: we've been talking I've been talking with Italians about this
Speaker 5: behind the scenes for years, Like where are the most
Speaker 5: American bases in Europe?
Speaker 3: They're all in Italy. There's one hundred American bases in Italy.
Speaker 5: The French are trying to take over the north the
Speaker 5: northwestern partability through the cheerity of clear and olive that
Speaker 5: Matta Ellis signed off on the Italian the Italian president
Speaker 5: like so that the French have the right to move
Speaker 5: troops into the northern part of.
Speaker 3: Italy if they need to, like like are you kidding me?
Speaker 5: Like so it's very clear that if Maloney can and
Speaker 5: that's why she's she always looks like she's one day
Speaker 5: she looks like one thing, the next day she looks
Speaker 5: like something else.
Speaker 3: Like she has she's in a very very delicate position
Speaker 3: because she has a very delicate.
Speaker 5: Uh coalition government because both Lega and and fors Italia
Speaker 5: are not are not a riable partners. You've got an
Speaker 5: Italian deep state, as I said at the beginning of
Speaker 5: the show, that's two thousand years old, that wants you know,
Speaker 5: that wants what Brussels wants, and she's fighting that you know,
Speaker 5: we have so if so, you know, this is where
Speaker 5: her working with the Americans, and she was doing it
Speaker 5: through Giuseppe Crzetta, the Defense Minister, during the Camp Pain
Speaker 5: during their first two years that she was in power,
Speaker 5: there was a lot of liaison and going back and
Speaker 5: forth between the American military and Crosetta.
Speaker 3: He was very important.
Speaker 5: I didn't talk about this very much, but I knew
Speaker 5: what was going I knew what was going on. I
Speaker 5: was just watching it from a from I was getting
Speaker 5: fed stuff and I was just watching it. And uh
Speaker 5: and then boom when he he sent Elon Musk over
Speaker 5: there to schmooze and charm Georgia Molona.
Speaker 3: I knew exactly what that was. That was obvious. And
Speaker 3: then she's a seapack.
Speaker 5: And then and then every time anything important about Ukraine happens,
Speaker 5: she always votes the right way. Sometimes she says the
Speaker 5: wrong things, but then in the end, yeah, I'll send
Speaker 5: I'll send weapons over there. And she sends old Italian
Speaker 5: tanks that don't work, like you know what I mean.
Speaker 5: She sends Italian.
Speaker 3: Artillery that has to be refit, that's literally non functional.
Speaker 1: And then you think she signed she signed into our
Speaker 1: alliance basically, oh absolutely.
Speaker 5: Because she understood that the only way Italy survives is
Speaker 5: they make an alliance with the United States. But she
Speaker 5: can't get out from underneath Europe until Europe closed. The
Speaker 5: European Union has to implode. And so I was reading
Speaker 5: something this morning that one of my patrons found. Let
Speaker 5: me see if I can, maybe I can find it.
Speaker 5: You feel abuster for me. I'm gonna go look for this.
Speaker 3: I'm gonna read.
Speaker 1: I've got a question for you. Well you look so
Speaker 1: my You know, my hypothesis has been that perhaps Russia
Speaker 1: is Ala or Trump and Putin are negotiating basically an
Speaker 1: ally ship where Russia is no longer a prize state
Speaker 1: they come into the I guess I you know, we've
Speaker 1: always spoken about the Western world, but this would really
Speaker 1: break that paradigm where it would be it would no
Speaker 1: longer be the West, Europe and US. It would be
Speaker 1: a Russia US alliance with Europe kind of in the cold.
Speaker 3: Is that?
Speaker 1: Is that the next step?
Speaker 5: I think it's a I think it's a yaulta too,
Speaker 5: with Putin g and Trump carving up the world and
Speaker 5: leaving the aunt of China.
Speaker 1: Interesting, okay, ye do you think do you think that the.
Speaker 3: So this the one?
Speaker 5: The last point about this is you're if you're not
Speaker 5: sure what I'm talking about. My friend, my good friend
Speaker 5: Alex Craner wrote a couple of great blogs sub on
Speaker 5: the substack about this very thing, projecting out a uh,
Speaker 5: I think you should if you have never talked to Alex,
Speaker 5: and I absolutely recommend talking to my friend Alex. He's
Speaker 5: he's he's an immense he's an immense partner in crime.
Speaker 5: I bounce ideas off of Alex. He and I share
Speaker 5: all of this. But the interesting thing is that now
Speaker 5: Kaya khalis the current supposed Foreign Minister of the EU.
Speaker 3: Not really, but she is. She's burned.
Speaker 5: She's apparently burning all her bridges with her insane Russian
Speaker 5: the Russophobia and Russian escalation talk, and she's now out.
Speaker 5: She's not only you know, we all know about Victor
Speaker 5: orband saying no to you know, more a to Ukraine
Speaker 5: and everything else, but apparently behind the scenes, now Spain
Speaker 5: and Portugal have signed on in Greece is not going
Speaker 5: to be far behind. The important thing here is that
Speaker 5: it's easy to isolate Hungary because they're only one. They
Speaker 5: can then threaten them with, you know, taking away their
Speaker 5: voting rights and you know, making them stay in the
Speaker 5: EU but not giving.
Speaker 3: Them any rights to be that. You know they can
Speaker 3: do all that.
Speaker 5: You start adding Italy, Spain, and know that, you start
Speaker 5: adding four or five six other countries, forget it, it's over,
Speaker 5: like you know, And so what you'll wind up with
Speaker 5: is an EU that will still use the threat of
Speaker 5: Russia as the means by which to do exactly what
Speaker 5: they want, which is to rearm and to consolidate fiscally
Speaker 5: and financially, financially and politically under the European Commission, giving
Speaker 5: them tax and spend authority to issue bonds right and
Speaker 5: all that stuff, and then collapse all the members central
Speaker 5: banks into the European Central Bank, which is their goal,
Speaker 5: which is the other reason why you would want to
Speaker 5: move bare Bach up to the to the UN to
Speaker 5: help facilitate that.
Speaker 3: But what that means is that that's a whole.
Speaker 5: System that exists within the European sphere. Then no one
Speaker 5: gets a fuck about it anymore because it's now isolated
Speaker 5: on its own. It's no longer the centers of center
Speaker 5: of power that it's been because without the United States
Speaker 5: and without the Russians, without the Chinese showing any amount
Speaker 5: of of of of respect for that that power center,
Speaker 5: it quickly collapses, especially if Italy keeps If Italy then says,
Speaker 5: you know what.
Speaker 3: We're out.
Speaker 1: No, that's that that does seem to make sense, especially
Speaker 1: makes sense with them, you know, trying to push that
Speaker 1: eight hundred billion dollars in defense spending. It's like, all right, well, yeah,
Speaker 1: if you expect the United States to basically bow out
Speaker 1: of the natal umbrella and you guys have to stand
Speaker 1: on your own two feet, yeah you better have better defense.
Speaker 1: That's interesting. But what I'm struggling with is that Trump
Speaker 1: Trump has received so much in campaign contributions from the atolsens,
Speaker 1: from the Zionis cause it seems as if this activity
Speaker 1: would have to be greenlit by by Israel to some extent.
Speaker 1: Are like, is there a deal being made where they say, look,
Speaker 1: we're gonna fucking We're gonna flatten the hoo thies. We're
Speaker 1: gonna assist you with you know, dealing with Gaza, with Yemen. Uh,
Speaker 1: basically the entire, the entire alliance of Iran will be
Speaker 1: so devastated that then you guys will be able to
Speaker 1: stand on your own and we're gonna part ways. Am
Speaker 1: I reading that right?
Speaker 3: So what I'm saying is actually Israel is good with that? Okay? Yes,
Speaker 3: I think how the question is, this is what I want.
Speaker 3: I want.
Speaker 5: I want you to envision, imagine a de militarized one
Speaker 5: stretching from Saint Petersburg and Norway all the way south
Speaker 5: to the Gulf of Aden.
Speaker 1: It's a pretty big DMZ brother, think about it.
Speaker 5: Ukraine, Yeah, the Black Sea Turkey from a from the
Speaker 5: standpoint of are the Russians or the Americans going to
Speaker 5: right backstop the proxies in that zone, because that's what
Speaker 5: it's starting to look like to me. And it's the
Speaker 5: Europeans that are trying to like do an end run
Speaker 5: around it and provocate on the borders either with Poland
Speaker 5: now wanting to you know, conscript everybody, and the and
Speaker 5: the Norwegians wanting to play games on the border next
Speaker 5: to Saint Petersburg and all all this other craft like,
Speaker 5: they won't stop until we remove them from the board.
Speaker 5: And the only way to remove these people from the
Speaker 5: board is remove them from the board.
Speaker 3: Financially.
Speaker 5: You have to take away their money. You have to
Speaker 5: take away their ability to issue eight hundred billion dollars
Speaker 5: worth of debt at two and a half percent.
Speaker 3: Right, it's just that simple. You've got to make them
Speaker 3: pay nine percent for it.
Speaker 1: Yep.
Speaker 3: It's it's that's it's it's that that's.
Speaker 5: And guys like Diamond understand this. Guys like guys like
Speaker 5: Mark Mark Karney understand this.
Speaker 1: Any finance guy understands this. Of course, I.
Speaker 5: Sent clearly under stances like I have firmly come to
Speaker 5: the conclusion that Scott besided, like, I don't care if
Speaker 5: there's a reception, yea recessions good, I might agree. What
Speaker 5: happened is somebody from the fucking NISA's institute actually.
Speaker 3: Like I show up like, I don't know.
Speaker 1: No, I've I've enjoyed his rhetoric. I mean, I'm I'm
Speaker 1: always in the wait and see. I want to give
Speaker 1: people a year or two runway before I actually judge.
Speaker 1: But you know, my I got very nervous obviously with
Speaker 1: the incredible provocations in the show of force that that
Speaker 1: was demonstrated yesterday. And you know, as an anti war guy,
Speaker 1: I'm still I'm not going to applaud the bombing of
Speaker 1: the Hoothies or any any US military activity unless it's
Speaker 1: clearly in defense, and these are not. But I will
Speaker 1: say that I do understand the game plan that you're
Speaker 1: laying out, and I do understand, you know, tactically why
Speaker 1: this makes sense. And I guess just to kind of
Speaker 1: put a bullet yeah, yeah, strategically, I can understand the rationale. Well,
Speaker 1: what I'm what I'm curious about is, so say this
Speaker 1: all plays out, how is the US and how does
Speaker 1: Trump envision? Because I know Trump doesn't much concern himself
Speaker 1: with the national debt. He may give it lip service periodically,
Speaker 1: but he doesn't much care. But thirty six trillions and
Speaker 1: almost thirty seven servicing that is a huge problem. It's
Speaker 1: obvious to me that he's trying to beat down interest
Speaker 1: rates so that they can refinance the seven trillion that
Speaker 1: has to be rolled over this year. What is the
Speaker 1: long term plan though, to deal with that? It does
Speaker 1: he have?
Speaker 5: I think I think he does have a long term plan,
Speaker 5: and I think the long term plan is that they're
Speaker 5: when listen to percent carefully when he says he's going
Speaker 5: to monetize the assets on our balance sheet, Yeah, there's
Speaker 5: a lot of assets on our balance sheet.
Speaker 3: I've been written down to.
Speaker 1: Zero, so yesterday able to tokenize it.
Speaker 5: No, that's not what I'm talking about. Okay, So get
Speaker 5: get out of that headspace. Just get directly into the
Speaker 5: book value. What's the book value of animore?
Speaker 4: Oh?
Speaker 3: I don't know, yeah, you do up until well up
Speaker 3: until two weeks ago. It was zero because we weren't
Speaker 3: add to do anything with it.
Speaker 1: Oh, okay, so they're going to open it up zero.
Speaker 3: Same thing with our gold reserves, which are held at.
Speaker 5: Eleven point zero point zero point or you know, eleven
Speaker 5: point zero four billion dollars on the fence balance sheet
Speaker 5: when they're really worth almost nine hundred million dollars an hour,
Speaker 5: you know, eight hundred fifty billion dollars.
Speaker 3: Oh, there's some money.
Speaker 5: Like, there's so many things. There's like we have assets
Speaker 5: and where we really have assets? And then this is
Speaker 5: going to offend every libertarian in the audience. I'm going
Speaker 5: to say it right right now. There's thirty two trillion
Speaker 5: dollars with the homeowner equity and home own equity in
Speaker 5: the United States at a loan to value ratio of
Speaker 5: twenty of eighty percent, that's twenty four trillion dollars. We
Speaker 5: have unfunded liabilities in social security Medicare that are enormous,
Speaker 5: but we also have gotten the inkling about how much
Speaker 5: money we're actually sending out the back door resource of
Speaker 5: security that we know is fraudulent. Have you noticed that
Speaker 5: the Democrats have been up upping their game in order
Speaker 5: to try and stop those from getting into the two
Speaker 5: areas that.
Speaker 3: Are most important. Where they where we think.
Speaker 5: The fraud actually is in grave detail, it's in social
Speaker 5: security and medicare. Now, that's part of the unfunded liabilities,
Speaker 5: the future liabilities, and the American balance sheet. What happens
Speaker 5: if we find out that there's twenty five percent of
Speaker 5: that that's like outright fraud that's been going to fund
Speaker 5: all sorts of other operations that we don't know about. Well,
Speaker 5: that takes all That takes those off the balance That
Speaker 5: takes those off the future liabilities and the balance sheet.
Speaker 5: Now the future value of the United of the cash
Speaker 5: flow is in the United States, would call it different. Right,
Speaker 5: we just start doing basic every day MBA cash flow
Speaker 5: analysis or balance sheet analysis and just start doing it.
Speaker 5: You first, you fix the cash flow, which is what
Speaker 5: those is doing right now, right.
Speaker 3: Get it? So?
Speaker 5: The continuer is why I was angry with Thomas Massey
Speaker 5: over rightly with Trump over what he did with the
Speaker 5: continue voting against the Continual Resolution in the House, not
Speaker 5: the Senate, where there was more than a room for
Speaker 5: Rand Paul to stand up and say and the virtue
Speaker 5: signal that we shouldn't do this because they knew they
Speaker 5: had Fetterman and five or six other other senators.
Speaker 3: But in the house where we only have three seats when.
Speaker 5: We should have had thirty time, we know they sold
Speaker 5: thirty seats in the house, like, let's not kid ourselves.
Speaker 3: We have three seats.
Speaker 5: And Massy was no mass he was brought in. And
Speaker 5: Massey also knows that under a continuing resolution and under
Speaker 5: recision and everything else, that money is allocated, but it
Speaker 5: doesn't need to be spent. Right, the money, it's a pile,
Speaker 5: it's a potential pile of spending, but the money doesn't
Speaker 5: need to be spent.
Speaker 3: If it's a.
Speaker 5: Budget, the money has been apportioned and they and it
Speaker 5: has to be has to be spent, or it has
Speaker 5: to be you know whatever. So it's a fundamentally different thing.
Speaker 3: And when I was.
Speaker 1: But then you have to trust Trump not to spend
Speaker 1: that money.
Speaker 3: I agree. Now here's the thing. What I was told
Speaker 3: six months ago.
Speaker 5: By people close to the transition team, so this would
Speaker 5: be after July thirteenth, was that they had already identified
Speaker 5: one point three trillion dollars worth the spending that they
Speaker 5: can get rid of and it wouldn't do too much
Speaker 5: damage to the American economy. It would be a kind
Speaker 5: of reorganization that and then you'd notice that number has
Speaker 5: been bandied around a lot, by the way, one point
Speaker 5: three trillion dollars worth of cuts this year for twenty
Speaker 5: fiscal year twenty twenty six. But they needed to get
Speaker 5: through the Continuing Resolution on March fifteenth. That was the
Speaker 5: That was the thing that they needed to get done,
Speaker 5: because if they didn't get that done, the whole thing
Speaker 5: that they have mapped out would start would would start
Speaker 5: to collapse. So the Democrats trying to shut the government
Speaker 5: down and turn that into a three month fight over X,
Speaker 5: Y and z, you know, all over all this shit
Speaker 5: would actually start to derail the entire program and would
Speaker 5: then it would be Trump version one point zero all
Speaker 5: over again at a legislative level. So the Continuing Resolution
Speaker 5: for whatever reason, I don't know all the details, but
Speaker 5: this was really important to get that done so they
Speaker 5: can get it behind them and then they get start
Speaker 5: working on all the other things that need to get
Speaker 5: done in order to cut all the spending, maybe not
Speaker 5: spend some of the money that they don't you know,
Speaker 5: get you know, not spend all the money that's on
Speaker 5: the table.
Speaker 3: This year, but the goal was to get to the three.
Speaker 5: Hundred and fifty billion dollar deficit for fiscally or twenty
Speaker 5: twenty six.
Speaker 3: Now is that perfect? No?
Speaker 5: Is it the move in the right direction. Yes, because
Speaker 5: all you have to do is sell to the bond market.
Speaker 3: We're cleaning.
Speaker 5: Look, we really are cleaning our fiscal house. The stock
Speaker 5: market and the bond markets are are are future oriented.
Speaker 5: They're not worried about today. They're worried about where you're
Speaker 5: going to be ten years from now.
Speaker 1: No, you're absolutely right. And if you demonstrate that you are,
Speaker 1: even if you're still a profligate spender, but you're the
Speaker 1: most responsible major debtor on Earth. Well then and as
Speaker 1: the EU collapses, you see all of those funds flood
Speaker 1: into the treasury market in the US, which drives down rates,
Speaker 1: which allows you to refinance cheaper and.
Speaker 3: More and moreover.
Speaker 5: You also gives you the time then to start working
Speaker 5: in Congress a proper budget, a proper new tax bill bought,
Speaker 5: you know, new tax package. You go after the corruption
Speaker 5: in the IRS, You go after the corruption in social
Speaker 5: security and immigration and everything else, like how much money
Speaker 5: are we spending on? How much money are we going
Speaker 5: to find out that we've been spending on Social Security
Speaker 5: to house friging migrants in Minneapolis. It's gonna be a
Speaker 5: lot of money. We know that they're using the Social
Speaker 5: Security this way. When Elon Musk goes out the other
Speaker 5: day on Ted Cruise's podcast today, we have fourteen computers
Speaker 5: that we've identified where you can just like take money
Speaker 5: and make credits and do the thing. And then you
Speaker 5: realize that we have three systems, one that collects the taxes,
Speaker 5: one that spends the money, and the other one that
Speaker 5: vaguely accounts for all the money.
Speaker 3: And none of those systems actually are connected in any way.
Speaker 3: There's no double entry bookkeeping being done on this ship.
Speaker 5: And you got to ask yourself who built that system
Speaker 5: and why and does that and that system needs to
Speaker 5: be rebuilt completely.
Speaker 1: Yeah, no, it really is interesting. Let me let me
Speaker 1: play that clip for the audience if they haven't heard it,
Speaker 1: because it is fascinating.
Speaker 4: One of the big biggest scam portholes we've uncovered, which
Speaker 4: is really crazy, is uh is that is that the
Speaker 4: government can give money to a so called nonprofit with
Speaker 4: with very few controls and then that and there's there's
Speaker 4: no auditing subsequently of that nonprofit. So there's no so
Speaker 4: this is way with the you know, Walkway nine billions,
Speaker 4: Stacy Arams, Who's who's that They didn't give themselves extremely
Speaker 4: lavished like insane salaries, expense everything yep, to the to
Speaker 4: the nonprofit, you know, buy jets and homes and all
Speaker 4: sorts of.
Speaker 3: Things, live like kings and queens. Yes, on the taxpayer done.
Speaker 4: Correct, one of the biggest.
Speaker 1: That was the wrong one. I apologize, but he later
Speaker 1: on in that clip, he goes on to explain that
Speaker 1: they have these fourteen magic money machines, and it's like
Speaker 1: it's like, well, I knew about the one it was
Speaker 1: called the Federal Reserve. I didn't know about the fourteen
Speaker 1: that you have.
Speaker 3: On Well, yeah, it's funny.
Speaker 5: I you know, we all complained about the Fed, and
Speaker 5: then there's like this treasury sent fourteen times worse, right,
Speaker 5: and then you know, and and and so there's a
Speaker 5: so you know, like again it's like at the wrong
Speaker 5: every time. It just seems over the last two years,
Speaker 5: two three years, at the wrong moment Thomas Massius stood
Speaker 5: up too like grandstand on the classic libertarian stuff and
Speaker 5: the way Ron Paul used to at the exact wrong
Speaker 5: moment in time when he was when he entered the
Speaker 5: last time he entered his end of FED Bill. Did
Speaker 5: you notice who didn't like go along with him on that?
Speaker 5: I noticed it was Rand Paul. Rand Paul was like
Speaker 5: the Feds doing exactly who we want them to do.
Speaker 5: The interest rates are five and a half percent, like
Speaker 5: we we're cutting cut twenty percent off the fred's balance sheet.
Speaker 5: They're trying to do more like Powell's doing everything you
Speaker 5: can to hold interest.
Speaker 3: Rates as high as possible, as long as possible, to
Speaker 3: get rid.
Speaker 5: Of fucking Jenny Yellen and and and the Biden hunt,
Speaker 5: Like are are you not getting it?
Speaker 3: Folks?
Speaker 5: And so I have to wonder whether you know, like
Speaker 5: at some point, you know, dude, I'm not here.
Speaker 3: You know, I get accused all the time of having
Speaker 3: a massive ego. Maybe I do.
Speaker 5: I don't give a fuck, but I know full well
Speaker 5: that I know what a massive ego looks like.
Speaker 3: And you get into an ego fight with Donald Trump,
Speaker 3: You're gonna lose.
Speaker 5: And you know, and I think we have to I've
Speaker 5: been arguing for years now that we are going to
Speaker 5: watch this play out in order of operations. That's gonna
Speaker 5: make us very uncomfortable at times. You you pointed out
Speaker 5: to the bombing of the bombing of the MNIS and
Speaker 5: everything else. I'm gonna throw this out at you. Who
Speaker 5: created the hoo thies, Who created Isis? Who created Hamas?
Speaker 5: Who created this? Who created that? We don't know, but
Speaker 5: we damn well know. Wait, we damn well know. No, no, no,
Speaker 5: what I mean is not wholly like. Yes, everybody was involved.
Speaker 5: We were involved, The Russians were involved, the Israelis were involved,
Speaker 5: the Quitaris were involved. There brett were involved. Everybody was
Speaker 5: involved at different points in the past. Now, if we
Speaker 5: have as Americans, if we have culpability with these groups,
Speaker 5: then cleaning up those those groups is our mess to
Speaker 5: clean up. And that's what I'm not saying that's the
Speaker 5: only way to look at it, but it is something
Speaker 5: you need to put in your quiver when you're sitting
Speaker 5: down having discussions about foreign policy. I get very frustrated
Speaker 5: by watching the knee jerk reaction from people who have
Speaker 5: been in the foreign policy game long enough to know
Speaker 5: that shit's complicated, oh yeah, and then to take to
Speaker 5: take the kind of simple ab reaction of you know,
Speaker 5: bombing bad look, Trump is no better than than than
Speaker 5: by like, really, Trump's no better than Minden. He's literally
Speaker 5: on the phone with Putin trying to end the war
Speaker 5: in World War III in Ukraine and getting rid of
Speaker 5: a bunch of guys who are were built up to.
Speaker 3: Threaten global shipping because that's what the houthis actually are.
Speaker 5: Yeah, yeah, they work for Iran and again Iran. He's
Speaker 5: also made the point to Iran specifically, let's sit down
Speaker 5: and have a deal.
Speaker 1: But but you got to keep in mind too. But
Speaker 1: just to interject briefly, because I mean, it was the
Speaker 1: it was the Obama administration in nine that that basically
Speaker 1: ousted salat or Sali. I've only ever read it. I
Speaker 1: don't know what his name actually is. Uh, they put
Speaker 1: his VP in there. Then there's this civil war. It's
Speaker 1: like it's like this is all this is all fallout
Speaker 1: from prior interventions of the US State Department. I guess
Speaker 1: the reason that it's so hard for libertarians or I'll
Speaker 1: just speak for myself, so hard for me to accept
Speaker 1: what you're saying is that I have you're basically asking
Speaker 1: me to trust the New Guard and to believe that
Speaker 1: they're actually going to remedy these things. And it's like,
Speaker 1: I'm not saying that you're wrong. I'm just saying you
Speaker 1: can understand from a logical basis why that's like fucking
Speaker 1: hard to do.
Speaker 5: Oh no, I dude, Like I had to look in
Speaker 5: the mirror many, many freaking times to go out on
Speaker 5: that freaking limb knowing who I am. Right, Look, there's
Speaker 5: a fundamental difference between what I believe in my what
Speaker 5: my personal ethos is, and what the reality of the
Speaker 5: world that I live in is, and and and you
Speaker 5: know his libertarians, and I'm you know, I'm not quite
Speaker 5: ready to call myself post libertarian like some people.
Speaker 3: But I can see the problem now of like.
Speaker 5: I know what I believe in, I know what I want.
Speaker 5: I want to I want to live by the nonaggression principles.
Speaker 5: There's like everybody else. Really, at the end of the day,
Speaker 5: I think a lot. I think most people would prefer
Speaker 5: to live by that that ethos. But here's the thing.
Speaker 5: It's not a suicide pact. It's not a call to pacifism.
Speaker 5: You know the name of the blogs Gold Goats and
Speaker 5: Guns for a reason, Like, of course, right, we're libertarians.
Speaker 5: We believe in so now you have to start at
Speaker 5: when you start working at the state actor level, and
Speaker 5: you start working at these big trying to solve these
Speaker 5: big freaking problems. Like I look around the world and
Speaker 5: I see nothing but mass murderers. I see nothing but
Speaker 5: people who I see pedophiles and people who have violated
Speaker 5: children and traffic children and everything else. Like I can
Speaker 5: really justify to myself under the non aggression principle that
Speaker 5: every one of these motherfuckers needs to be like boiled
Speaker 5: and oil and fed to plants. Okay, Like I'm not like.
Speaker 1: You know what I mean.
Speaker 5: Like, at the same you know, libertarian justice theories, I
Speaker 5: for two eyes and a little bit of scaring, and
Speaker 5: like this.
Speaker 3: Is particularly freaking difficult here.
Speaker 5: And I think that we sometimes, you know, and I
Speaker 5: get the trust issue because I have it.
Speaker 3: Like, and I'm not saying.
Speaker 5: You shouldn't you should trust Donald Trump to follow through
Speaker 5: on everything. I'm not saying you shouldn't be skeptical. Of
Speaker 5: course you should be skeptical, distrust.
Speaker 3: But verify.
Speaker 5: But at the same time, it means also taking the
Speaker 5: taking a setback every once in.
Speaker 3: A while and going what's the true strategic play here?
Speaker 5: And what is you know, you can have your you
Speaker 5: can have your feefees, and you should. But at the
Speaker 5: same time, you know, you should be trying to illuminate
Speaker 5: what you would think is the right strategy of going
Speaker 5: about this, because here's the thing I was thinking.
Speaker 3: I literally was.
Speaker 5: Thinking about this in preparation for this conversation because I
Speaker 5: wasn't sure, quite sure how it was going to go.
Speaker 5: And I was thinking to myself, I'm like, you know,
Speaker 5: we all lionized Ron Paul, and we absolutely should.
Speaker 3: Ron's the same, He's a wonderful human being.
Speaker 5: But at the same time, Ron was never in a
Speaker 5: position of real power to have to solve the problems
Speaker 5: that he identified. He was always in a position where
Speaker 5: he could be on his own holding up the principle
Speaker 5: because the principles were so far from everybody else that
Speaker 5: by him doing that was an illuminating process. It was
Speaker 5: a great thing for him to do. He created a
Speaker 5: great track writer. So the way he ran for president,
Speaker 5: he could then you know, leap frog into the world,
Speaker 5: onto the world stage and now express what everybody had
Speaker 5: been feeling.
Speaker 3: And so, in no way mannership or form am I
Speaker 3: trying to.
Speaker 5: For a shade on doctor Paul what I'm saying is
Speaker 5: we never had President Paul.
Speaker 3: We don't.
Speaker 1: We don't think I think this, this is such, this
Speaker 1: is such an important point because you know, libertarians tend
Speaker 1: to just so say like, here's the I know, the
Speaker 1: libertarian one on one principled answer to everything. And I
Speaker 1: do know, I do know the one on one answer
Speaker 1: to everything. The problem is is that we're in a
Speaker 1: four oh one world like this is a very very advanced,
Speaker 1: very intricate system with with dire consequences if you get
Speaker 1: it wrong, and it's like so, you know, for me,
Speaker 1: I do, I do understand the argument that you're making
Speaker 1: and I and I am not opposed to being strategic
Speaker 1: into having grace. I think for from you know, the
Speaker 1: the broader libertarian movement, I think I have demonstrated more
Speaker 1: grace to the Trump administration than most. And that's because
Speaker 1: I have seen signs of real progress and a real
Speaker 1: willingness to take the fight where it needs to be taken.
Speaker 1: I mean, the USAID funding FORHSE was fucking enormous. That
Speaker 1: was a win that you know, libertarians could have never
Speaker 1: dreamt up. So right, I'm I'm willing, I'm willing to
Speaker 1: give them runway. I guess I guess my question for
Speaker 1: you to Sorry, I'm getting an echo, let me shut
Speaker 1: up for a second. I guess my question for you
Speaker 1: would be that what would be a falsifiable like if
Speaker 1: if he is to start a hot war with Iran, Like,
Speaker 1: would you go all right, there's something off here.
Speaker 3: Yeah. I don't think he is going to start a
Speaker 3: hot war with the Roun.
Speaker 5: I think he's I think we're at the Let's watch
Speaker 5: his negotiations with Putin because ultimately Putin is going to
Speaker 5: have to step up to be the guaranteer of Iran's behavior.
Speaker 5: And I thought this for a long long time. And
Speaker 5: I think you know, the actions giving you know, fifth
Speaker 5: generation airframes to the Iranians to modernize.
Speaker 3: Their air force I think is a very important point because.
Speaker 5: Now all of a sudden, Iran can defend themselves against
Speaker 5: Israeli incursions into their airspace. Again, it's a counter move, right,
Speaker 5: And I don't see trump ammision about it, right. I
Speaker 5: see Trump saying Trump's big tweet that you put on
Speaker 5: truth social a couple of weeks ago about Iran. I
Speaker 5: think it was exactly the right tone to have taken. Look,
Speaker 5: we don't want war with you. We want you to
Speaker 5: come in from the cold. Let's stop, let's stop the
Speaker 5: process towards you getting a nuclear weapon, right, and let's
Speaker 5: let's go let's get this thing parameterized such that everybody
Speaker 5: can go forward.
Speaker 3: Right.
Speaker 5: But it's not going to happen with everybody just saying, oh,
Speaker 5: you see, I'm going to like turn.
Speaker 3: Into a pussy cat and go away. That doesn't work
Speaker 3: that way.
Speaker 5: It's not gonna work that way with the Ron, It's
Speaker 5: not certainly not going to work that way with the
Speaker 5: who the Easer, with the remnants devices, or any of
Speaker 5: the other people that we've that we've radicalized in this respect,
Speaker 5: especially knowing full well that they can be re armed
Speaker 5: and reactivated by Europe. And I six like, if we
Speaker 5: don't take away the other sources of potential funding, then
Speaker 5: whatever we do, we can go yeah, I see, we
Speaker 5: you see, we were the good guys in this. We
Speaker 5: backed off and we did everything, and then they just
Speaker 5: come right in and go again, well, how much do
Speaker 5: you need a couple million dollars?
Speaker 3: We printed that yesterday.
Speaker 5: Here you go go blow up, go started, you know,
Speaker 5: go blow up a thing and and piss the Israelis off.
Speaker 3: Like all of a sudden, it's it, you know, and
Speaker 3: and it doesn't end. I mean, I've been.
Speaker 5: Watching the Israeli internal situation for years the same way
Speaker 5: I watched the British internal situations. Anybody noticed that every
Speaker 5: like every eighteen months the British have an election, and
Speaker 5: every eighteen months a couple of months later, the Israelis
Speaker 5: have one. Like Davos versus the British remnant is real
Speaker 5: both in the UK as it is is in Israel,
Speaker 5: and they map, and various factions map the different people.
Speaker 5: The French want access to Iranian Ron's oil.
Speaker 3: That's remember. Go back to the j c p O
Speaker 3: A j c p O A sign, Go to.
Speaker 1: My pillow dot com, use promo code lockdown and get
Speaker 1: you some cozy Uh. We're gonna have Tom Loong go
Speaker 1: back in here in just a second. But in the meantime,
Speaker 1: if you don't have the Giza sheets, if you don't
Speaker 1: have the coziest pillows in all the lands, if you
Speaker 1: don't have the smiling visage of Mike Lindell in your life,
Speaker 1: what the fuck are you doing? My pillow dot com
Speaker 1: promo code lockdown and he's back. That's how that's how
Speaker 1: you do a fucking Reid brother.
Speaker 5: You get I get, I get passed from satellite to
Speaker 5: satellite on starlink until you get to like doing in
Speaker 5: the middle of I think what I was, I don't
Speaker 5: know where we lost obvious you froze at the j
Speaker 5: c p o A.
Speaker 3: So what I was gonna say.
Speaker 5: What I was saying was that when the j c
Speaker 5: p o A was signed, who was the first country
Speaker 5: to go in and sign a big deal with Iran
Speaker 5: oil deal?
Speaker 1: Frank it was okay, took out.
Speaker 3: They four point two billion.
Speaker 5: I'll never forget a four point two billion dollar deal
Speaker 5: with the Totel was Who's the first person who had
Speaker 5: to sell their contract? Went from mixed it like three
Speaker 5: years later, Totel they had to sell to the Russians.
Speaker 5: They sold them wund up selling it to either GA.
Speaker 5: So they they don't have any collateral, they have any energy,
Speaker 5: they don't they they their machinations, Europe's maschinations and their
Speaker 5: fingers are all over the Middle East as well as
Speaker 5: the British And you have to realize that.
Speaker 3: And that's part of the reason.
Speaker 5: Why the classically you know, neo conservatives were so against
Speaker 5: the JCPOA. It was because it wasn't just because of
Speaker 5: you know, well, then it would keep allow Iran to
Speaker 5: continue getting a nuclear weapon.
Speaker 3: It was about getting.
Speaker 5: Iran the money from Europe who needed the alternate sources
Speaker 5: of energy because they wanted to go to war with
Speaker 5: Russia and cut off the Russian get the Russian pipelines.
Speaker 5: They wanted to replace those flows with pipelines from Saudi Arabia, Iran, YadA, YadA, YadA,
Speaker 5: and through Turkey and into the southern Europe and then
Speaker 5: cut the United States out and cut the Russians out,
Speaker 5: and you know, and as well in many ways cut
Speaker 5: the British out because now they would be the king
Speaker 5: makers in the region.
Speaker 3: And it would also send the money.
Speaker 5: I would also allow the money to flow in supporting
Speaker 5: my now that I think about it, supporting the point
Speaker 5: in it earlier that if we pull out, then Europe
Speaker 5: will just turn right about right right around, and you know,
Speaker 5: and support Hesboala or the who'sies or whomever.
Speaker 3: So you've got to get rid of all of.
Speaker 5: It, you know, And the way you do that is
Speaker 5: by drying up the insane amounts of money that we've
Speaker 5: been sending around the world. Through proxies and then and
Speaker 5: and drop and dropping into Europe and in Canada and
Speaker 5: other places.
Speaker 3: It just needs to end. We need to pull back.
Speaker 5: If we do that, then we're gonna we're gonna get
Speaker 5: much closer to what the libertarians, the classic libertarians actually want.
Speaker 3: But that may mean that may.
Speaker 5: Mean a war in some way against proxies for the
Speaker 5: next year or two.
Speaker 1: No, it's it's true, It definitely could. And I think
Speaker 1: what concerns me is that, you know, Trump's rhetoric is
Speaker 1: fairly anti war ninety five percent of the time, and
Speaker 1: then five percent of the time it's like, I'm gonna
Speaker 1: fucking blow you to smithereens. And you know, I do
Speaker 1: understand the chartenistic type of diplomacy that he does, and
Speaker 1: I don't. I've also given him tremendous amount of grace
Speaker 1: on that. What doesn't make sense to me is like,
Speaker 1: it's so obvious to me that it was not Iran
Speaker 1: behind either of the assassination attempts on him, but he
Speaker 1: seems to be convinced that it was. Do you think
Speaker 1: that he is or is he playing possum? What the
Speaker 1: fuck's happening there?
Speaker 5: That's a good question, and I don't know. I'm going
Speaker 5: to cop to I'm gonna cop to you. I can
Speaker 5: construct versions of reality that are equally plausible. Yeah, on
Speaker 5: all sides. Whatever, whatever you want to come up with,
Speaker 5: I can come up.
Speaker 1: But I don't think me too.
Speaker 3: I don't think that.
Speaker 1: It's so it's so hard to read that because it
Speaker 1: is especially you know, if your hypothesis is right, then
Speaker 1: it's like, well, I have a whole list of countries
Speaker 1: that could be behind trying to take you out Trump,
Speaker 1: and Iran's not at the top of that list. Uh.
Speaker 1: You know, it's on the list, but it ain't at
Speaker 1: the top. So it just you know, it's interesting.
Speaker 5: Yeah, And know what I was saying is it's it's funny.
Speaker 5: It's like, I mean, how much is he you know,
Speaker 5: he wants to deal with Iran and Israel? And so
Speaker 5: you know, I can see him knowing that it was
Speaker 5: somebody else, and then I could see him using that,
Speaker 5: you know, using the convenience story of it being Iran
Speaker 5: that way. I mean, he likes to quote the numbers
Speaker 5: that the fake numbers about how many people the Russians
Speaker 5: have lost as well. He does it why for rhetorical reasons?
Speaker 5: It plays politically. It it keeps the neo cons a
Speaker 5: little bit of bay, you know what I mean. It
Speaker 5: does it does play well in a domestic sense. So
Speaker 5: like what you know, it's the same thing with the
Speaker 5: central bankers. I don't listen to what they say. I
Speaker 5: watch what they do, you know what I mean. And
Speaker 5: Powls has a lot Powis has a lot of things
Speaker 5: about inflation, but then he seems to not give a
Speaker 5: fuck about it, and and like you know what I mean,
Speaker 5: And then he goes out and everything he does is
Speaker 5: about the fighting the euro dollar markets, and like, well,
Speaker 5: that's the way, you know from my mind that well,
Speaker 5: that's the way you stop inflation, because the money winds
Speaker 5: up coming back after having been levered up and rehab
Speaker 5: opligated city onto one hundred freaking times and then comes
Speaker 5: back to us and then as used to buy you know,
Speaker 5: rent flash mobs in Peoria. Like fuck off, I'm over
Speaker 5: this shit. Like it's so obvious what they're doing, you know.
Speaker 1: Yeah, yeah, Well, I mean I think I think that
Speaker 1: your hypothesis is very very interesting, and I think we're
Speaker 1: going to find out if you're right over the next
Speaker 1: year or two. And I'm very interested to see. The
Speaker 1: one pushback I would have on the Massy case is that, like, sure,
Speaker 1: I think that there's a decent chance that he's he's
Speaker 1: kept at arm length and he doesn't have a fucking
Speaker 1: clue what you're talking about. And and he's I mean,
Speaker 1: because like Massy is maybe not in finance, but in
Speaker 1: every other realm, he's smarter than me. So like if you,
Speaker 1: if you were to read him into this stuff and
Speaker 1: tell him like, this is what we plan to do,
Speaker 1: this is you know x y z H, I think
Speaker 1: that he would be more of a team player. I
Speaker 1: get the feeling that he doesn't know what's going on
Speaker 1: and that he's he's reading it the same way I am.
Speaker 1: And he's like, look, you guys promised me the world December.
Speaker 1: We couldn't have this fight. Now it's March. We can't
Speaker 1: have this fight. Oh but we're gonna have this fight
Speaker 1: in September. He's like, fuck, you know, we're not. We're
Speaker 1: not gonna have the fight when we get closer to
Speaker 1: the midterms. You're just lying. So I don't know that's
Speaker 1: how I read it, but maybe.
Speaker 5: Fair enough, And that's fine. I'm just I'm I'm you know,
Speaker 5: it's funny. I'm just at the point now where I
Speaker 5: just so distrust like I don't even trust Hovy real,
Speaker 5: like I never trusted the BAK. I don't trust me,
Speaker 5: you know, I don't trust any of these guys. And
Speaker 5: I and you know, maybe mass is on the outside.
Speaker 5: Maybe he is, I don't know. And but I could
Speaker 5: have swore that I've I've been told, or I I
Speaker 5: don't have been told, or I've had a conversation with
Speaker 5: people who would be in a position to know, Like, no,
Speaker 5: he's been briefed and he's just decided to play his
Speaker 5: to play his game.
Speaker 1: And that's possible to I mean, he is a politician,
Speaker 1: So like I'm not gonna I'm not gonna assume that
Speaker 1: he's he's pure as the driven snow or anything, but
Speaker 1: I just you know, if he is playing the game,
Speaker 1: if he's playing the politician game to play the outsider,
Speaker 1: to get popular support while he's doing it smart because
Speaker 1: people like, yeah, he's he's had people like me running
Speaker 1: cover for him twenty four to seven. But I think
Speaker 1: it's also important to have, you know, even if even
Speaker 1: if he is just doing that, I think it's kind
Speaker 1: of in the rom Paul Vein of like having that
Speaker 1: figurehead that like says this is the right thing to do,
Speaker 1: even if you know strategically it probably isn't. So it's
Speaker 1: an interesting it's an interesting you know, principal versus strategicy debate.
Speaker 5: Well they got any other thing is remember that you're
Speaker 5: dealing with Donald Trump and he's still treating the Desantas
Speaker 5: team like a bunch of fucking traders, even though DeSantis
Speaker 5: is one of his best allies and he's done everything
Speaker 5: imaginable since then to support everything he's done so far
Speaker 5: at the state level that you know Trump is doing
Speaker 5: at the UH at the national level. I don't think
Speaker 5: it's you know, we're both Flordians. Like I look at
Speaker 5: toront DeSantis and I'm like and I I'm you know,
Speaker 5: and my partner Dexter right and gold got some guns.
Speaker 5: He's also a Floridian, and he's like, I remember, you know,
Speaker 5: you know, saying to them, well, you know, come on,
Speaker 5: like it's not like the Florida government has all that
Speaker 5: much power and is the Santa has really done anything
Speaker 5: blah blah bla. And he's looking at me like, dude,
Speaker 5: I've been living here my entire freaking life. I've watched
Speaker 5: a lot of Republican senators come and go and no
Speaker 5: one has made has has whipped these guys into shape,
Speaker 5: like like the Santas has and you know, the Old
Speaker 5: Boys Club up in Tallahassee is still fighting him, like
Speaker 5: Big Sugar is still fighting him, and all sorts of
Speaker 5: weird stuff going on. So you know the fact that
Speaker 5: Trump doesn't quite you know, can't let the ship go.
Speaker 3: That's on Trump. You know, that's on Trump. And you know,
Speaker 3: and to the Conservative Treehouse, the Sun Dance Group.
Speaker 5: You know that that he's a you know that that
Speaker 5: he's a bush plant of this and that like you know,
Speaker 5: go fuck off, like you know nothing about part of politics.
Speaker 3: You never have.
Speaker 5: And you know, the truth of the matter is is
Speaker 5: that we have a real problem that we have a
Speaker 5: snake in the garden in the Trump administration. It's Susie
Speaker 5: Wilds and you know, and and that's the again, this
Speaker 5: is not for me really Why she's she's a very
Speaker 5: important person. She fucking hates the Santhus and so she
Speaker 5: keeps that stuff, she keeps that antipathy alive. And now
Speaker 5: you've got to ask yourself the question why, and who's
Speaker 5: she working for you know.
Speaker 1: Interesting, Well, mister long Ago, thank you again. We had
Speaker 1: another another ninety minute foray into very high level shit
Speaker 1: that I think eighty percent of my audience is going
Speaker 1: to be googling just as fast as they're listening to
Speaker 1: figure out what the fuck we're talking about. But I
Speaker 1: enjoyed it tremendously. Go ahead and tell people where they
Speaker 1: can follow you and support your work.
Speaker 3: Hey, you can.
Speaker 5: You can follow me on Twitter at TfL seventeen twenty eight,
Speaker 5: which is where the worst version of me, a worst
Speaker 5: version of this one, will show up every fucking day.
Speaker 3: You can.
Speaker 5: You can sign up with Patrion of patron slash Gold
Speaker 5: Coats Guns. We do monthly newsletter, we do twice. We
Speaker 5: can be market reports and private blogs, and I have
Speaker 5: a private discussion forum and all the rest of it
Speaker 5: for the patrons. And of course you can go over
Speaker 5: to Tom will Longo do I may or Goldcoats and
Speaker 5: Guns dot com, which is where the podcast gets posted
Speaker 5: and variety by the things, and if I ever decided
Speaker 5: to write anything public ever again, it'll show up there.
Speaker 5: But at this point, I'm so freaking overwhelmed and over
Speaker 5: and and over scheduled that I don't even have time
Speaker 5: to write anymore.
Speaker 1: You and me both. There's no shortage of things to
Speaker 1: cover and things to do right now. But it is
Speaker 1: a very interesting time to be alive. And I will
Speaker 1: be the first to say I hope you're right really funny.
Speaker 3: Too, because I'll be honest with you.
Speaker 5: I just get up every morning, I a little bit
Speaker 5: of a smirk on my face and go, you know
Speaker 5: what it's like, you know, another day in trumps New America.
Speaker 5: Whatever that fucking means, I don't know, but right now
Speaker 5: I'm enjoying the ship out of it.
Speaker 1: Yeah, me too. I mean it is super interesting and
Speaker 1: I think whatever it is, it's going to be an
Speaker 1: inflection point for human history. It could not be more important.
Speaker 1: And I'll continue to get to bring you guys the
Speaker 1: late on my read of things. And if you want
Speaker 1: to support my work at liberty lockpot on X you
Speaker 1: can subscribe there. I'll follow you back. Liberty Lockdown is
Speaker 1: the show. Make sure you shared it around. Don't even
Speaker 1: tell your fucking family. Just pick up their phone, subscribe
Speaker 1: to Liberty lock Down, hand them on their phone back,
Speaker 1: and then force feed them the most radical ideas they've
Speaker 1: ever heard. In their lives. They're going to freak out,
Speaker 1: but it'll be fun and entertaining. Thank you guys for
Speaker 1: tuning in. Please do leave a comment down below, like, Subscribe, Share,
Speaker 1: We're out of here, Peace.
Speaker 5: Welcome, tune liberty lockdown pleas on your plot home, your
Speaker 5: liberty ain't come.
Speaker 3: But yeah, it's on holl It's where did it come from?
Speaker 3: And where did he