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<v Speaker 1>Well, other networks lie to you about what's happening.

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<v Speaker 2>Now, in vo Wars tells you the truth about what's happening.

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<v Speaker 1>Next, visit in vo wars dot com, Forward Slash Show

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<v Speaker 1>and share the link today.

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<v Speaker 2>Thank you, Alex. Glad to be here with the Aux

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<v Speaker 2>John Show for the fourth hour. It's always an honor,

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<v Speaker 2>and we've seen a bit of crazy stuff happens since

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<v Speaker 2>I last hosted. A couple of weeks ago, we had

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<v Speaker 2>the assassination attempt on Donald Trump.

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<v Speaker 1>I think it's pretty.

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<v Speaker 2>Obvious now that that was an inside job. It was

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<v Speaker 2>an attempt to take him out as they said they

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<v Speaker 2>would do. And I want to talk about what the

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<v Speaker 2>root of this whole system is all about and how

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<v Speaker 2>one big way at least, we fix it. So I

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<v Speaker 2>want to go back in history a little bit to

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<v Speaker 2>the real Illuminati, not the coultss that claim to be

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<v Speaker 2>the Illuminati or the Crowley groups or whatever, but the

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<v Speaker 2>real Illuminati, which is the corporate secreting structure that runs

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<v Speaker 2>the world that we have actually textbooks from the elite

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<v Speaker 2>that tell us where this comes from, how they run

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<v Speaker 2>their system on debt and Fiat based currency. And then

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<v Speaker 2>I want to talk about some of the solutions, not

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<v Speaker 2>every it's not a total silver bullet, but I think bitcoin,

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<v Speaker 2>gold and silver are solutions to where we are in

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<v Speaker 2>this system and how far we are down the rabbit hole.

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<v Speaker 2>In fact, as Elon pointed out this last week, it

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<v Speaker 2>looks like we can't even really pay back the debts.

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<v Speaker 2>So it's almost like going to have to have some

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<v Speaker 2>kind of completely new system that is not operating on

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<v Speaker 2>the way the system has been running at least if

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<v Speaker 2>we're ever going to get out of this, and if

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<v Speaker 2>our taxes are only paying the interest, and they're not

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<v Speaker 2>even paying the.

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<v Speaker 1>Interest, we can never pay it back now.

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<v Speaker 2>Supposedly, if you read a lot of economic analysts, they

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<v Speaker 2>point out that this was actually realized in the nineteen eighties,

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<v Speaker 2>that the national debt could not be paid back, and

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<v Speaker 2>this led to a crash at the time, and that

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<v Speaker 2>was connected to the savings and loan scams that were

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<v Speaker 2>going on then. In fact, the infamous character of Jeffrey Epstein,

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<v Speaker 2>I don't know if you've heard him, he was actually

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<v Speaker 2>involved in insider trading and he and his partner got

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<v Speaker 2>in trouble back in the nineteen eighties. And of course

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<v Speaker 2>Epstein didn't get in trouble, they got caught, Epstein got away,

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<v Speaker 2>and I think many people think that that might have

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<v Speaker 2>been the point at which he was recruited into other

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<v Speaker 2>types of operations. But to understand all this, it might

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<v Speaker 2>seem like we got to learn a lot, we have

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<v Speaker 2>to be historians. It might be helpful to do that,

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<v Speaker 2>but really it's not that complicated. It can be complicated,

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<v Speaker 2>but it's pretty simple. It's a system that was set

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<v Speaker 2>up that's a giant scam. If you understand criminal operations,

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<v Speaker 2>if you study organized crime, if you study figures characters

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<v Speaker 2>that come out of the mafia world, they're a great

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<v Speaker 2>insight into how the system that.

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<v Speaker 1>We're under actually works.

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<v Speaker 2>So for example, and you've heard of me quote it

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<v Speaker 2>many times, and I'm not going to spend the whole

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<v Speaker 2>time talking about this book because I've quoted it so

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<v Speaker 2>many times it kind of gets old even for me.

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<v Speaker 2>But we go back to Carroll Quickly's Tragy and Hope.

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<v Speaker 2>He was the mentor to Bill Clinton. He was a

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<v Speaker 2>professor of military history at Georgetown. He actually describes early

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<v Speaker 2>on in this magisterial thirteen hundred page book, The Real Illuminati.

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<v Speaker 2>And you might say, well, why do you call it Illuminati,

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<v Speaker 2>well they call it a secret society. In fact, this

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<v Speaker 2>was the people who set up via the elites in

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<v Speaker 2>the circles of Lord Rawchild, Cecil Rhodes, Lord Milner, John Ruskin,

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<v Speaker 2>and others that include Arnold Toynbee, Philip Lyttleton, Lord Curtis

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<v Speaker 2>william Stead, a bunch.

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<v Speaker 1>Of other lords, Lord Balfour.

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<v Speaker 2>This is where we get, of course, the modern nation

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<v Speaker 2>state of Israel that was admittedly and proudly and that

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<v Speaker 2>the Rachells themselves said they helped to engineer the founding

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<v Speaker 2>of the modern state of Israel. And this was all

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<v Speaker 2>in the circles of what's called the Roads Trust in

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<v Speaker 2>the late eighteen hundreds, in the early nineteen hundreds, this

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<v Speaker 2>group was well aware of how to run the world

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<v Speaker 2>via a certain type of monetary system. This is a

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<v Speaker 2>monetary system that quickly goes on to discuss is the

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<v Speaker 2>central banking model. So it's not that there's anything necessarily

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<v Speaker 2>wrong with a bank, or that it's wrong to have

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<v Speaker 2>a national bank or a central bank of the.

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<v Speaker 1>Nation state, but that's not what this is.

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<v Speaker 2>This is a private central bank that goes under the

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<v Speaker 2>cover of being the people's bank. But as actually the

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<v Speaker 2>banking network of a select inner core group. That's the

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<v Speaker 2>real power structure. And it's very similar to the corporate

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<v Speaker 2>power structure and model of the British East India Company,

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<v Speaker 2>which was all basically the same groups of people.

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<v Speaker 1>The model that we're under today is that model.

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<v Speaker 2>Many of the founding fathers in America, for example, understood

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<v Speaker 2>this and they fought against that type of monetary policy.

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<v Speaker 2>They understood that he that controls the printing press or

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<v Speaker 2>the coinage of the money controls the nation. It doesn't

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<v Speaker 2>matter who the elected officials are. Ultimately, I'm not saying

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<v Speaker 2>it doesn't matter at all, but politicians they kind of

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<v Speaker 2>can come and go, but the money printing doesn't come

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<v Speaker 2>and go.

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<v Speaker 1>You notice we don't that a vote on a new

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<v Speaker 1>way to do money. It's like, well, we already have that.

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<v Speaker 1>It's just there and it's what it.

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<v Speaker 2>Is, and it works, and for many, many centuries, this

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<v Speaker 2>was the gold standard. The ancient world at some point

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<v Speaker 2>came up with this idea. Ancient emperors in the Middle

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<v Speaker 2>East and other places. They figured out that rare coins

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<v Speaker 2>or rare medals worked like jewels as a way to

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<v Speaker 2>exchange value to have exchange.

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<v Speaker 1>And so gold worked very well for a long time, for.

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<v Speaker 2>Many, many centuries as a monetary policy. But and I'm

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<v Speaker 2>not saying it's not infinitely superior to what we have.

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<v Speaker 2>Gold is still great. The Great Powers figured out as

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<v Speaker 2>quickling notes in the later stages of European history, in

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<v Speaker 2>the last five four and five hundred years, they figured

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<v Speaker 2>out that you could actually debase the currency, not just

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<v Speaker 2>in the old classic model of mixing it with different

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<v Speaker 2>alloys that were basically worthless to debase the currency, which

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<v Speaker 2>even the Roman emperors did stuff like that, You could

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<v Speaker 2>actually debase the currency via what they called gold notes,

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<v Speaker 2>and gold notes was a way to have a central

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<v Speaker 2>bank or a central entity make ease and comfort the

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<v Speaker 2>central reason why you would choose gold notes over actual

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<v Speaker 2>transference of gold. So if you're going to barter, it's

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<v Speaker 2>kind of a hassle to bring, you know, giant bad

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<v Speaker 2>of gold and money around and coins. It's a lot

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<v Speaker 2>easier to just exchange a note that represents the amount

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<v Speaker 2>of gold.

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<v Speaker 1>But if these gold.

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<v Speaker 2>Notes were issued by a central bank, and if the

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<v Speaker 2>central bank was not necessarily even a government or a

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<v Speaker 2>nation state bank, a sovereign bank was in fact a

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<v Speaker 2>private bank. This allowed the inner private group to create

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<v Speaker 2>more gold notes than there was actual gold, and unless

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<v Speaker 2>people didn't run on the bank or tried to claim

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<v Speaker 2>their gold from the bank, this really wouldn't be noticed.

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<v Speaker 2>And so the bank could then issue many, many more

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<v Speaker 2>notes than they actually had in terms of currency, in

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<v Speaker 2>terms of actual assets or gold, and then that would

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<v Speaker 2>give the banking elite tremendous amounts.

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<v Speaker 1>Of fiat power.

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<v Speaker 2>So basically you could just print up a zillion notes

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<v Speaker 2>and then with that zillion notes go buy any of

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<v Speaker 2>the assets in the community or the nation state. So

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<v Speaker 2>this is a very deceptive and tricky scam because not

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<v Speaker 2>only is it basically enhancing the purchasing power of an

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<v Speaker 2>inner click who has access to the ability to control

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<v Speaker 2>the issuance of these notes, you can then steal.

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<v Speaker 1>It's basically a form of theft.

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<v Speaker 2>It's just stealing from the rest of the society by

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<v Speaker 2>controlling the flow and issuance of the currency. Now gold

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<v Speaker 2>is a lot better as a way to stave off

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<v Speaker 2>this theft, you could say, when there's an actual reserve

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<v Speaker 2>that backs up the notes. Unfortunately, many things have happened,

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<v Speaker 2>not just the nineteen thirteen Federal Reserve Act, but also

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<v Speaker 2>the nineteen seventy one removal from the gold standard under

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<v Speaker 2>the Nixon administration, which I think Rogerstone I think says

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<v Speaker 2>something like Nixon was tricked into that. And what this

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<v Speaker 2>does is then it gives basically this is more of

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<v Speaker 2>a Canesian economic policy after Milton Kynes.

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<v Speaker 1>It gives the.

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<v Speaker 2>Ability for the centralized power to just infinitely print.

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<v Speaker 1>And we've seen mainline establishment.

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<v Speaker 2>Economists say things like, well, we can always just print

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<v Speaker 2>money infinitely, but of course they have to know that

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<v Speaker 2>you can't do that. Eventually, not just the debt, but

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<v Speaker 2>the interest on the debt becomes so massive that the

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<v Speaker 2>whole country becomes bankrupt. And that's the danger is that

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<v Speaker 2>we're going into that situation to where if you've noticed,

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<v Speaker 2>and I think in twenty twenty alone, the printing of

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<v Speaker 2>the money was so bad that just in one year,

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<v Speaker 2>the first year of COVID, the dollar was devalued.

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<v Speaker 1>Ten percent in one year. That means in ten years it.

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<v Speaker 2>Would be devalued, meaning that it would cost twice as

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<v Speaker 2>much to buy whatever you were trying to buy the

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<v Speaker 2>year before or the ten years before. And I think

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<v Speaker 2>we've seen I forget the exact numbers inflation wise, but

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<v Speaker 2>going back to the nineties, it's something pretty outrageous, maybe

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<v Speaker 2>seventy eighty percent. I mean, the cost of things since

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<v Speaker 2>the late nineties is tremendous, maybe even more. And it's

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<v Speaker 2>only going to get worse because as even Ron Paul

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<v Speaker 2>pointed out many many years decades ago, and the problem

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<v Speaker 2>will never get fixed with the system as it is.

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<v Speaker 1>And we get a.

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<v Speaker 2>Lot of attention and focus on that at certain times,

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<v Speaker 2>as Ron Paul kind of made that the focus of

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<v Speaker 2>his his whole policy and his whole administration and his

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<v Speaker 2>whole presidential run, but.

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<v Speaker 1>People never really, they still never got it.

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<v Speaker 2>They still were like, oh, yeah, there's that thing, and

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<v Speaker 2>then we get distracted by the next big thing and

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<v Speaker 2>the next drama, the next big event, COVID or whatever,

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<v Speaker 2>and that distracts us from the real root problem of

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<v Speaker 2>how we can never ever get out of this through

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<v Speaker 2>the system that we have.

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<v Speaker 1>And although I support Trump, I like Trump a lot.

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<v Speaker 2>I have some criticisms, but I think overall he's obviously

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<v Speaker 2>far better.

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<v Speaker 1>Than anything else out there.

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<v Speaker 2>Trump's great because Trump at least calls attention to this issue.

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<v Speaker 2>He does call attention to the Fidder Reserve. And now

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<v Speaker 2>we've seen Trump move in an even better direction, which

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<v Speaker 2>makes me moral pro Trump is the fact that he's

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<v Speaker 2>come on board with bitcoin, and he was very anti

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<v Speaker 2>bitcoin for many many years. And I think now that

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<v Speaker 2>he's understood that this is essentially a digital gold, we're

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<v Speaker 2>moving in the right direction. And really that's the only

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<v Speaker 2>way that's even feasible in my.

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<v Speaker 1>View, out of this.

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<v Speaker 2>I'm not saying there can't be other reserves that we

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<v Speaker 2>move to with gold as well. Do we even know

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<v Speaker 2>what's in Fort Knox or I mean, is there anything?

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<v Speaker 1>It might be empty? Who knows, right?

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<v Speaker 2>I mean, who knows it might be a bunch of

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<v Speaker 2>you know, Funko pops and plush he's in there, garbage,

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<v Speaker 2>Fiel kids or something.

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<v Speaker 1>And who knows what's in Important Knox?

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<v Speaker 2>We can't see, right, And there's never been an audit

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<v Speaker 2>of the Feller Reserve?

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<v Speaker 1>Am I correct?

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<v Speaker 2>Isn't this this what Ron Paul Ran Paul We're talking

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<v Speaker 2>about for so many years to my knowledge that never

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<v Speaker 2>ever has happened, that will it ever happen? Probably not

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<v Speaker 2>before this the whole thing collapses, I don't know, but

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<v Speaker 2>I think as Alex has pointed out all, well, not

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<v Speaker 2>just this week, but for years, the system is getting

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<v Speaker 2>more and more kind of insane because they maybe are

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<v Speaker 2>losing a hold on things, They're losing grip. And if

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<v Speaker 2>bitcoin turns out to be something that can be.

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<v Speaker 1>A solution or part part of.

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<v Speaker 2>A solution, as well as other things like gold and silver,

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<v Speaker 2>then if people start to figure that out, then maybe

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<v Speaker 2>that's why we're seeing this system kind of convulse and

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<v Speaker 2>shake and get triggered and kind of almost seem to

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<v Speaker 2>be doing anything that.

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<v Speaker 1>I mean, they're sort of not thinking.

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<v Speaker 2>They're just sort of throwing out crazy things, which means

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<v Speaker 2>that we might.

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<v Speaker 1>Have war, we might have really crazy stuff happen.

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<v Speaker 2>I expect my thesis and we'll get into some of

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<v Speaker 2>this in more detail later. We're probably going to see

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<v Speaker 2>more racial stuff roll out. I think Alex is correct

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<v Speaker 2>about that. Remember back to Ferguson, Remember that summer, Remember

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<v Speaker 2>the race riots they rolled out with these AstroTurf groups.

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<v Speaker 1>This is when we start to see BLM roll out.

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<v Speaker 2>I think they're probably gonna roll out that kind of

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<v Speaker 2>stuff again. Maybe we start to see cities burn again.

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<v Speaker 2>I think, you know, BLM seems to have lost a

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<v Speaker 2>lot of credibility.

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<v Speaker 1>But they can just roll out another type of event like.

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<v Speaker 2>This, and the hot topic is always racial issues. That's

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<v Speaker 2>what always gets people so inflamed. They're probably going to

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<v Speaker 2>roll out something like that. We may see another attempt,

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<v Speaker 2>as Alex has pointed out, Rogerstone has pointed out on

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<v Speaker 2>Trump again, that's another threatning their danger because that could

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<v Speaker 2>easily be pinned on Iran. That could be pinned on Russia.

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<v Speaker 2>That could say, oh, Russia, Iran, Russia and Iran together

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<v Speaker 2>did this, It's time to go to war. I mean,

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<v Speaker 2>any of these things are possibilities, but we got to

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<v Speaker 2>understand the.

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<v Speaker 1>Central power structures hold and it's not just media, it's money.

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<v Speaker 1>We understand money. We can fix this. This is the

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<v Speaker 1>Alex Jones Show. I'm your guest host Jayder of Jasonnalysis.

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<v Speaker 1>Don't go anywhere. We'll be right back breaking down the

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<v Speaker 1>scam money system show.

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<v Speaker 3>There's the info Wars MD line that I don't talk

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<v Speaker 3>about enough. That is all the highest quality, whether it's

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<v Speaker 3>tumeric or whether it's natural sleep paid or whether it's

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<v Speaker 3>saw palmetto with the are compounds that are right for

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<v Speaker 3>your prostate. Also greatful women's breast it affects the same

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<v Speaker 3>type of tissues that have those hormonal fluctuations. I'm a doctor,

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<v Speaker 3>but I read the literature. You need to go to

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<v Speaker 3>mfowarstore dot com and go to the sections that have

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<v Speaker 3>the whole line over a dozen products. Info Wars MD.

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<v Speaker 1>Welcome back to guess Ja Diary of Jason Olils.

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<v Speaker 2>We're talking about the real illuminati, not the car Tunish

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<v Speaker 2>conspiratorial perspective without basis in the history, but the actual

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<v Speaker 2>banking elite structure, the Anglo American Israeli establishment, according to

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<v Speaker 2>doctor Carroll Quickly, and what they have planned not just

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<v Speaker 2>for the world, but for the world's economics system, and

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<v Speaker 2>how we have to understand the federal reserve banks that

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<v Speaker 2>are locked into the Bank for International Settlement model. Doctor

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<v Speaker 2>Carroll Quigley describes this on pages three, twenty four, three

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<v Speaker 2>twenty five or tries you hope you can see it

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<v Speaker 2>right here. The Bank for International Settlements model is there,

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<v Speaker 2>and that is the central bank for central banks, and

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<v Speaker 2>that is the network of banking networks that works for

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<v Speaker 2>this FIAT based system, and it allows the banking inter

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<v Speaker 2>cadre as well as the corporate elites, not just banking leads.

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<v Speaker 1>Also the prastructure too, it allows.

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<v Speaker 2>Them essentially to by controlling the money printing, to inflate

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<v Speaker 2>and deflate as they wish to. Then take the money

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<v Speaker 2>that they have printed, and of course there's a kind

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<v Speaker 2>of a complicated process of buying government bonds and then

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<v Speaker 2>getting the nation state into more and more debt and

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<v Speaker 2>so forth, and then they buy it real assets or

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<v Speaker 2>gold or whatever. And that's why the banking elite love gold.

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<v Speaker 2>And then I think now we're starting to see them

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<v Speaker 2>understand and figure out that, oh there's actually a non

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<v Speaker 2>inflatable thing that's been invented also now that's electronic, it's digital,

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<v Speaker 2>it's a public ledgerd on his bitcoin that.

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<v Speaker 1>Can't be inflated or hacked or messed with. And so

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<v Speaker 1>maybe it's time to get in on that too.

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<v Speaker 2>And that's why I think black Croc has now capitulated

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<v Speaker 2>and started to buy.

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<v Speaker 1>Maybe they think they can buy enough to.

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<v Speaker 2>Influence the price, but regardless, I think they've capitulated. We

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<v Speaker 2>saw some years back, even Rothschild Investing had admitted the

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<v Speaker 2>potentiality of bitcoin. All of the major entities now have

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<v Speaker 2>come on board to the credit, the banking and the investing,

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<v Speaker 2>the pension, all of these things are beginning to see

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<v Speaker 2>the logic of this because they formerly didn't understand it.

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<v Speaker 2>And I want to thank Max Kaiser because I listened

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<v Speaker 2>to Max on Alex many many years ago twenty eleven

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<v Speaker 2>twelve when he first got into bitcoin, and I was

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<v Speaker 2>initially skeptical, but then I started to look into it.

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<v Speaker 2>I listened to dozens of episodes of Max Kaiser's show

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<v Speaker 2>that he had on RT and I got a lot

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<v Speaker 2>of economic education through that. I finally understood about twenty

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<v Speaker 2>sixteen seventeen what this was.

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<v Speaker 1>So there's a learning curve. It takes a long time, but.

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<v Speaker 2>We have to understand what that is contrasted to the

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<v Speaker 2>system that exists now and.

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<v Speaker 1>What they want to bring about.

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<v Speaker 2>They want a centralized central bank digital currency, which is

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<v Speaker 2>very unpopular. Every time they try to talk about it

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<v Speaker 2>and try to roll it out, it's it's a failure,

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<v Speaker 2>which is good news, but they keep pushing this in

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<v Speaker 2>contrast to the product of the Austrian economics school, which

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<v Speaker 2>is bitcoin comes out of Austrian economics. It comes out

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<v Speaker 2>of that philosophy, which is a set against the Keynesian

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<v Speaker 2>soft Fabian socialist policies, or the Marxist central bank policies,

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<v Speaker 2>or the all of those policies, which again remember Carl

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<v Speaker 2>Marx said, the first thing that you have to do,

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<v Speaker 2>one of the planks of the communist manifesto is to

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<v Speaker 2>set up a central bank right that can control the

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<v Speaker 2>issuance of currency.

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<v Speaker 1>And ultimately that ends up being based on debt.

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<v Speaker 2>And when Marxism as a classical system failed reform, Marxism

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<v Speaker 2>took over. That's really the world system that runner now

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<v Speaker 2>it's called it's called Fabianism. Cain's was a Fabian socialist economist,

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<v Speaker 2>and so that's a kind of a soft socialism with

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<v Speaker 2>elements of monopoly capitalism aligned with it.

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<v Speaker 1>That's the system that we're under.

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<v Speaker 2>You can read books like Jon Rotteo's book about the

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<v Speaker 2>Millner Fabian Conspiracy. You can read The Fabian Freeway, you

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<v Speaker 2>can read Carol Quigley's books.

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<v Speaker 1>You could also read classic text.

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<v Speaker 2>Like Gevre Griffin's Creature from Jackal Island, which gets into

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<v Speaker 2>the history of the establishment of the federal reserve system,

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<v Speaker 2>and you'll understand that it's not really a conspiracy theory.

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<v Speaker 2>It's criminal syndicates figuring out how to organize and control

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<v Speaker 2>the money supply, and by doing so, you can control

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<v Speaker 2>the entire nation. So that's the real octopus system that

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<v Speaker 2>we've been under for many, many years, and it's a

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<v Speaker 2>very elaborate system. I remember having a dinner meeting a

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<v Speaker 2>year ago with a person who is a lawyer who

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<v Speaker 2>was involved in the what's called the Brazilian car wash scandal,

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<v Speaker 2>and he was down there and he consulted with the

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<v Speaker 2>government there and how they had prosecuted this giant criminal

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<v Speaker 2>racket which was holding the entire nation hosted.

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<v Speaker 1>Now this is a very famous thing.

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<v Speaker 2>It's well known the brazil that they made Netflix shows

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<v Speaker 2>about a documentaries about a Brazilian car washing scandal. And

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<v Speaker 2>throughout the eighties and nineties, the whole country was held

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<v Speaker 2>captive to this criminal system that was like a decentralized

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<v Speaker 2>cell network of criminals that we're controlling everything from construction

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<v Speaker 2>to banking to politics. And it was structured in a

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<v Speaker 2>very similar Ponzi scheme way to Gladio, the way Gladio

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<v Speaker 2>operated in Italy. And I talked to this lawyer he

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<v Speaker 2>was involved in it, and he said, yes, he thought

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<v Speaker 2>that was very perceptive that he knew of the structure

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<v Speaker 2>of Gladio and how Gladio worked, and then he said,

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<v Speaker 2>that's exactly how this was structured in a very similar way. Well,

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<v Speaker 2>the banking system that we're under is structured in that

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<v Speaker 2>way too, So we needn't think that we always have

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<v Speaker 2>this bias. We think, oh aha, that's some other country

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<v Speaker 2>down there where everybody's poor.

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<v Speaker 1>No, no, no, it's the same system here.

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<v Speaker 2>We're just not as far down the road as those

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<v Speaker 2>horror Latin and South American countries are who have the

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<v Speaker 2>same debt based centralized banking models.

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<v Speaker 1>And what these entities do.

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<v Speaker 2>What these banking entities when they're set up these schemes,

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<v Speaker 2>these systems, they rob not just the immediate population from

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<v Speaker 2>the purchasing power that they have through their currency, It

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<v Speaker 2>robs future generations. I think that's the key thing that

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<v Speaker 2>people miss, is that when you deflate the currency, you're

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<v Speaker 2>actually stealing from the future generations. The same thing occurs when,

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<v Speaker 2>for example, a nation or a power block loses a war.

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<v Speaker 2>We saw this after World War One and.

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<v Speaker 1>World War two.

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<v Speaker 2>The banking elite come in and they restructure how that

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<v Speaker 2>losing nation will pay back the debt, and it basically

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<v Speaker 2>puts the nation into debt for decades into the future,

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<v Speaker 2>maybe even a century, So you're essentially never out of debt.

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<v Speaker 2>And I think a lot of people have a hard

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<v Speaker 2>time except that this is how the world is actually run.

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<v Speaker 1>Now.

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<v Speaker 2>There's not every nation in the world is not run

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<v Speaker 2>this way, but most of the world is transitioning into this.

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<v Speaker 2>But you see that it's essentially a black hole of

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<v Speaker 2>debt that eventually eats everything and the whole system eventually collapses.

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<v Speaker 2>You get the you know what is it, the Zimbabwean dollar,

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<v Speaker 2>which they started printing, you know, billion dollar notes, where

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<v Speaker 2>a billion dollar note buys you, I don't know, a

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00:22:25.920 --> 00:22:29.799
<v Speaker 2>loave of bread or something. That's because of this model. Eventually,

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<v Speaker 2>it just eventually the currency just deflates into being worth

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<v Speaker 2>with nothing. And again we should understand that the dollar

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<v Speaker 2>is that system now and it has been on that

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<v Speaker 2>track for a long time. So when people like Hillary

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<v Speaker 2>say that bitcoin is a threat to the dollar, the

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<v Speaker 2>dollar is its own worst enemy, because the dollar left

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<v Speaker 2>any kind of hard standard.

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<v Speaker 1>That's the problem.

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<v Speaker 2>It's not other things competing against it. It's that the

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<v Speaker 2>whole model was always a manipulatable model, at least when

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<v Speaker 2>it was on the gold standard.

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<v Speaker 1>It was a lot harder to manipulate.

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<v Speaker 2>Theoretically, Yes, gold can be manipulated through third parties.

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<v Speaker 1>It can be manipulated.

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<v Speaker 2>Through mining and finding more gold and then dumping that

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<v Speaker 2>on the market, which inflates or do you give me deflates.

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<v Speaker 1>I mean it's good.

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<v Speaker 2>It inflates the price because the price goes down because

426
00:23:21.440 --> 00:23:22.319
<v Speaker 2>there's more gold out there.

427
00:23:22.359 --> 00:23:24.720
<v Speaker 1>So you can dump gold so that there's always more

428
00:23:24.759 --> 00:23:25.920
<v Speaker 1>gold that can be mined.

429
00:23:26.039 --> 00:23:30.359
<v Speaker 2>But it's not that way with a uniquely super fixed

430
00:23:30.400 --> 00:23:33.359
<v Speaker 2>asset like bitcoin, So I think again, the great the

431
00:23:33.400 --> 00:23:36.559
<v Speaker 2>good news here is that Trump will be speaking tomorrow

432
00:23:36.640 --> 00:23:37.519
<v Speaker 2>at the.

433
00:23:37.440 --> 00:23:41.200
<v Speaker 1>Bitcoin Nashville conference. I'm here for that conference. I'll be there.

434
00:23:41.599 --> 00:23:44.400
<v Speaker 1>Maybe I'll get to talk to him or Max Kaiser

435
00:23:44.480 --> 00:23:45.920
<v Speaker 1>or something. I don't know. I'll try to record something

436
00:23:45.960 --> 00:23:47.480
<v Speaker 1>for Info Wars if I can get a hold of

437
00:23:48.319 --> 00:23:49.200
<v Speaker 1>Max or somebody.

438
00:23:49.240 --> 00:23:53.319
<v Speaker 2>But that's the point here, is that every other currency

439
00:23:53.319 --> 00:23:56.440
<v Speaker 2>in the history of the world was always Even though

440
00:23:56.480 --> 00:23:58.599
<v Speaker 2>gold is great and it's something that can be part

441
00:23:58.680 --> 00:24:03.119
<v Speaker 2>of a basket of reserves, it can still be mined

442
00:24:03.160 --> 00:24:05.119
<v Speaker 2>and still you can still have more of it. But

443
00:24:05.160 --> 00:24:07.599
<v Speaker 2>if there's an asset that could never have you can

444
00:24:07.640 --> 00:24:11.880
<v Speaker 2>never have more of. That's the ultimate fixed hard money.

445
00:24:12.279 --> 00:24:14.279
<v Speaker 2>That's what we mean by hard money, meaning that it

446
00:24:14.319 --> 00:24:19.160
<v Speaker 2>can't be inflated. And in history, in human history, every

447
00:24:19.200 --> 00:24:23.359
<v Speaker 2>asset has been inflatable. Now the system is pushing, for example,

448
00:24:23.680 --> 00:24:27.119
<v Speaker 2>things like central bank digital currencies CBDCs, and that's going

449
00:24:27.200 --> 00:24:29.759
<v Speaker 2>to be probably my guess would be I don't know,

450
00:24:29.799 --> 00:24:33.000
<v Speaker 2>but there might be say an economic collapse in the

451
00:24:33.039 --> 00:24:34.839
<v Speaker 2>next year or five years or something like that, some

452
00:24:35.160 --> 00:24:37.960
<v Speaker 2>bad economic scenario when these banks are collapsing as they

453
00:24:38.000 --> 00:24:40.440
<v Speaker 2>are and we're not being told what's actually going on,

454
00:24:40.480 --> 00:24:44.119
<v Speaker 2>they're covering up a lot of that economic I think information.

455
00:24:45.519 --> 00:24:46.799
<v Speaker 1>Then they're going to say, well.

456
00:24:46.640 --> 00:24:52.240
<v Speaker 2>Look, you know, the capitalism and the existing system destroyed us.

457
00:24:52.440 --> 00:24:54.599
<v Speaker 2>Look how bad it is. So what we're going to

458
00:24:54.680 --> 00:24:57.160
<v Speaker 2>do is we're going to roll out this new thing,

459
00:24:58.279 --> 00:25:01.240
<v Speaker 2>central bank digital currency, and we're going to offer this

460
00:25:01.279 --> 00:25:03.079
<v Speaker 2>through whatever means I don't know how they'll do it,

461
00:25:03.680 --> 00:25:05.640
<v Speaker 2>and you'll get maybe a UBI, they'll.

462
00:25:05.400 --> 00:25:06.480
<v Speaker 1>Offer some kind of thing like that.

463
00:25:06.599 --> 00:25:08.640
<v Speaker 2>Again, all these big tech Silicon Valley people have been

464
00:25:08.680 --> 00:25:13.880
<v Speaker 2>pushing and flirting with this idea. Remember who was a Yang, Yangyang,

465
00:25:14.000 --> 00:25:17.839
<v Speaker 2>and Yang was pushing cbdc UBI and of course it

466
00:25:18.279 --> 00:25:22.160
<v Speaker 2>always fails because people think, well this is they're just

467
00:25:22.240 --> 00:25:25.119
<v Speaker 2>not into that yet. We even had the guy from

468
00:25:25.160 --> 00:25:27.079
<v Speaker 2>the Bank for the National Settlements, the guy with the

469
00:25:27.119 --> 00:25:30.039
<v Speaker 2>triple chin, that came on and said that they want

470
00:25:30.119 --> 00:25:33.759
<v Speaker 2>to roll out this CBDC wallet and he literally says

471
00:25:33.960 --> 00:25:37.079
<v Speaker 2>in the clip where every transaction that you make will

472
00:25:37.079 --> 00:25:39.359
<v Speaker 2>be tracked and traced and if you do anything that

473
00:25:39.400 --> 00:25:43.000
<v Speaker 2>we don't like, we'll turn it off. I mean, it's

474
00:25:43.079 --> 00:25:45.319
<v Speaker 2>kind of odd that that was his selling point.

475
00:25:46.559 --> 00:25:47.200
<v Speaker 1>It's odd that he.

476
00:25:47.160 --> 00:25:49.119
<v Speaker 2>Would be that honest, because I would think if you

477
00:25:49.119 --> 00:25:50.680
<v Speaker 2>were going to try to sell that, you might want

478
00:25:50.720 --> 00:25:52.799
<v Speaker 2>to I don't know, at least lie about it and

479
00:25:52.839 --> 00:25:56.039
<v Speaker 2>say something else. But now you just flat out says no,

480
00:25:56.119 --> 00:25:58.400
<v Speaker 2>we're going to turn off your wallet when you say

481
00:25:58.400 --> 00:25:59.359
<v Speaker 2>something that we don't like.

482
00:26:00.000 --> 00:26:02.920
<v Speaker 1>And that's the system that they want. That's why no.

483
00:26:03.079 --> 00:26:07.240
<v Speaker 2>Javal Harari says that bitcoin is a system based on distrust,

484
00:26:07.839 --> 00:26:10.640
<v Speaker 2>and you want a system based on trust, so we

485
00:26:10.720 --> 00:26:14.200
<v Speaker 2>need some other type of digital currency. Well, they're saying

486
00:26:14.200 --> 00:26:17.519
<v Speaker 2>that because they don't control that. It's decentralized and the

487
00:26:18.039 --> 00:26:19.359
<v Speaker 2>world I can performance put.

488
00:26:19.200 --> 00:26:21.359
<v Speaker 1>Out lists in the past.

489
00:26:21.640 --> 00:26:23.160
<v Speaker 2>A few years ago, they put out a list of

490
00:26:23.160 --> 00:26:27.480
<v Speaker 2>the cryptocurrencies that they want as potentials for the future CBDC,

491
00:26:27.839 --> 00:26:29.880
<v Speaker 2>or they'll try to come out with something of their own.

492
00:26:30.559 --> 00:26:32.160
<v Speaker 2>But the good news is that it keeps failing and

493
00:26:32.200 --> 00:26:36.359
<v Speaker 2>nobody wants that. But the problem isn't digital currency itself.

494
00:26:36.640 --> 00:26:41.759
<v Speaker 2>The problem isn't having this objective, math based system.

495
00:26:42.200 --> 00:26:46.160
<v Speaker 1>That's what we want. We just don't want a centralized

496
00:26:46.160 --> 00:26:48.799
<v Speaker 1>system like they're pushing. That's the key here. This is

497
00:26:48.799 --> 00:26:51.720
<v Speaker 1>why El Salvador, for example, has been very successful.

498
00:26:51.640 --> 00:26:56.000
<v Speaker 2>Through Buklet and the policies that Max Kaiser has been

499
00:26:56.000 --> 00:26:57.319
<v Speaker 2>promoting and pushing there.

500
00:26:57.640 --> 00:26:58.599
<v Speaker 1>As one example.

501
00:26:58.799 --> 00:27:02.160
<v Speaker 2>So A Salvador's leading the way for nation states to

502
00:27:02.200 --> 00:27:05.559
<v Speaker 2>begin to adopt this. I mean, ultimately, we don't want

503
00:27:05.599 --> 00:27:09.240
<v Speaker 2>governments trying to control this, but they're going to eventually

504
00:27:09.279 --> 00:27:12.640
<v Speaker 2>capitulate because they're going to realize that the real black hole,

505
00:27:12.720 --> 00:27:15.920
<v Speaker 2>so to speak, is that bitcoin will eat up all

506
00:27:15.960 --> 00:27:18.640
<v Speaker 2>of the assets. People will start to realize that even

507
00:27:18.680 --> 00:27:21.960
<v Speaker 2>owning land is not as good as bitcoin. I'm not

508
00:27:22.000 --> 00:27:23.759
<v Speaker 2>saying you can't own land. I'm just saying, from the

509
00:27:23.960 --> 00:27:27.200
<v Speaker 2>vantage point of successful assets, what will give you the

510
00:27:27.240 --> 00:27:31.480
<v Speaker 2>best returns and what will have future value for example,

511
00:27:32.079 --> 00:27:35.759
<v Speaker 2>if I own land in a place that's a blue city,

512
00:27:35.799 --> 00:27:38.880
<v Speaker 2>and the blue city decides they don't like my politics

513
00:27:38.880 --> 00:27:41.480
<v Speaker 2>and what I say my land doesn't.

514
00:27:41.160 --> 00:27:42.559
<v Speaker 1>Do me much good.

515
00:27:42.839 --> 00:27:46.640
<v Speaker 2>But if I have my wallet and my seed phrase

516
00:27:46.680 --> 00:27:48.759
<v Speaker 2>and all that information in my head, I can go

517
00:27:48.839 --> 00:27:52.079
<v Speaker 2>anywhere and it's still good, it's still usable.

518
00:27:52.200 --> 00:27:53.759
<v Speaker 1>You see the genius of this.

519
00:27:54.480 --> 00:27:56.559
<v Speaker 2>And people just still haven't figured this out, because I

520
00:27:56.599 --> 00:27:59.039
<v Speaker 2>still when I talk about this, I get hundreds of

521
00:27:59.039 --> 00:28:01.680
<v Speaker 2>comments of people tell telling me that this is a scam,

522
00:28:01.759 --> 00:28:04.920
<v Speaker 2>this is created by the CIA, and with no actual

523
00:28:05.039 --> 00:28:08.680
<v Speaker 2>proof of that, they're just saying what they've heard media

524
00:28:08.720 --> 00:28:12.720
<v Speaker 2>idiots say. The media idiots don't know anything about economics.

525
00:28:13.079 --> 00:28:15.839
<v Speaker 2>If they did, they would be on board with this stuff,

526
00:28:15.920 --> 00:28:18.799
<v Speaker 2>or they would have big gold assets.

527
00:28:18.359 --> 00:28:19.599
<v Speaker 1>And reserves, which they don't have.

528
00:28:20.599 --> 00:28:23.119
<v Speaker 2>Those are people that believe and trust the system, who

529
00:28:23.160 --> 00:28:26.400
<v Speaker 2>tell you who've lied for the last thirty years in

530
00:28:26.440 --> 00:28:28.640
<v Speaker 2>the media non stop every day. But you're going to

531
00:28:28.720 --> 00:28:31.839
<v Speaker 2>listen to them when they say that bitcoin is a

532
00:28:31.880 --> 00:28:34.279
<v Speaker 2>Ponzi scheme. And all the people who thought it was

533
00:28:34.279 --> 00:28:36.720
<v Speaker 2>a Ponzi scheme five, six, seven, eight, ten years ago

534
00:28:36.839 --> 00:28:41.079
<v Speaker 2>have now converted to liking it, even to the banking scammers,

535
00:28:41.200 --> 00:28:45.160
<v Speaker 2>even the JP Morgan, Goldman Sachs people are now by

536
00:28:45.160 --> 00:28:46.400
<v Speaker 2>the way, they were buying it when they.

537
00:28:46.359 --> 00:28:47.480
<v Speaker 1>Were telling people not to buy it.

538
00:28:48.160 --> 00:28:51.640
<v Speaker 2>So again, why would you believe anything that these people

539
00:28:51.680 --> 00:28:58.839
<v Speaker 2>say about these revolutionary, disruptive technologies. So what they want

540
00:28:58.920 --> 00:29:01.400
<v Speaker 2>is a federal reserve FIAT.

541
00:29:01.000 --> 00:29:02.400
<v Speaker 1>Model that's electronic.

542
00:29:03.160 --> 00:29:05.200
<v Speaker 2>And if you just understand the basics, you understand that, Well,

543
00:29:05.200 --> 00:29:07.480
<v Speaker 2>the bitcoin is the opposite of that. It's not that

544
00:29:07.599 --> 00:29:12.200
<v Speaker 2>it's decentralized, it's a fixed supply, it's not inflatable. They

545
00:29:12.240 --> 00:29:15.839
<v Speaker 2>want an inflatable does punch in more digits and create

546
00:29:15.920 --> 00:29:22.880
<v Speaker 2>out of thin air infinite whatever, crypto, infinite, cbdc coin, bedcoin, whatever.

547
00:29:23.960 --> 00:29:27.720
<v Speaker 2>So the federal reserve model, it's very similar to the FTX.

548
00:29:27.759 --> 00:29:31.559
<v Speaker 2>Remember when FTX collapsed, people thought, oh, that's bitcoin. That

549
00:29:31.559 --> 00:29:33.359
<v Speaker 2>has nothing to do with bitcoin. That's totally different. That

550
00:29:33.480 --> 00:29:35.599
<v Speaker 2>was a big, like DNC kind of money.

551
00:29:35.480 --> 00:29:38.720
<v Speaker 1>Laundering scheme, is what it allegedly looks like.

552
00:29:38.839 --> 00:29:43.880
<v Speaker 2>Right, Remember how the banking elites in the two thousand

553
00:29:43.880 --> 00:29:48.839
<v Speaker 2>and eight collapse, how they were pushing the notion that

554
00:29:49.799 --> 00:29:54.480
<v Speaker 2>the banks deserve to be bailed out, and this eventually

555
00:29:54.599 --> 00:29:58.079
<v Speaker 2>robbed everybody well, this was actually stamped into the original

556
00:29:58.119 --> 00:30:01.200
<v Speaker 2>If I recall the Genesis block, the first Bitcoin block,

557
00:30:01.759 --> 00:30:04.960
<v Speaker 2>there's actually a co message in there about how bitcoin

558
00:30:05.079 --> 00:30:09.599
<v Speaker 2>was created out of the Austrian economic philosophy to counteract

559
00:30:09.720 --> 00:30:14.839
<v Speaker 2>the theft that occurred through the housing crisis and the

560
00:30:15.680 --> 00:30:20.640
<v Speaker 2>scammery of the banking bailouts, and that why not have

561
00:30:20.680 --> 00:30:28.519
<v Speaker 2>a solution via a public digital, decentralized chain that you

562
00:30:28.559 --> 00:30:32.079
<v Speaker 2>can buy into so to speak, and have your state

563
00:30:32.240 --> 00:30:35.799
<v Speaker 2>property on that chain so to speak, in cyberspace where

564
00:30:36.039 --> 00:30:39.799
<v Speaker 2>store where there's a store of value that doesn't lose.

565
00:30:41.240 --> 00:30:42.319
<v Speaker 1>Its value over time.

566
00:30:42.920 --> 00:30:45.359
<v Speaker 2>If you think about energy, if you think about it

567
00:30:45.400 --> 00:30:47.640
<v Speaker 2>from the vantage point of engineering. I'm not an engineer,

568
00:30:47.640 --> 00:30:50.400
<v Speaker 2>but people like Michael Saylor, who are engineers, they explained

569
00:30:50.440 --> 00:30:55.759
<v Speaker 2>this very well. They explain that in the conservation of

570
00:30:55.839 --> 00:30:58.720
<v Speaker 2>energy is one of the challenges in physics, and it's

571
00:30:58.759 --> 00:31:03.119
<v Speaker 2>a challenge when you apply that to economics and to

572
00:31:03.279 --> 00:31:07.000
<v Speaker 2>trade and to barter and to money, because money ends

573
00:31:07.039 --> 00:31:09.319
<v Speaker 2>up always getting devalued over time.

574
00:31:09.400 --> 00:31:11.400
<v Speaker 1>This is the key point that I want to make.

575
00:31:11.400 --> 00:31:13.039
<v Speaker 2>And if you look at for a really good introduction

576
00:31:13.119 --> 00:31:15.960
<v Speaker 2>book on this, one of my friends, her name is

577
00:31:16.000 --> 00:31:19.720
<v Speaker 2>Julia she's been on with Alex before. Julia Toroonski, she

578
00:31:19.759 --> 00:31:23.039
<v Speaker 2>wrote a book with some other people like Robert Breedlove

579
00:31:23.319 --> 00:31:27.640
<v Speaker 2>on this issue, Thank God for Bitcoin, and the premise

580
00:31:27.720 --> 00:31:30.359
<v Speaker 2>of her book and their book is a little different

581
00:31:30.359 --> 00:31:32.680
<v Speaker 2>because it's not just a boring kind of economic text.

582
00:31:32.960 --> 00:31:37.119
<v Speaker 2>It's actually arguing that in Biblical theology, there are a

583
00:31:37.119 --> 00:31:41.599
<v Speaker 2>lot of money principles that would eliminate what we're talking about.

584
00:31:42.039 --> 00:31:44.640
<v Speaker 2>So the Bible, for example, talks about gold quite a bit,

585
00:31:44.680 --> 00:31:50.720
<v Speaker 2>and it talks about in Problebs eleven, the unfair imbalanced scales,

586
00:31:50.839 --> 00:31:53.880
<v Speaker 2>or an abomination to the Lord. The Book of Micah

587
00:31:53.920 --> 00:31:57.480
<v Speaker 2>talks about the devaluation and diluting of gold.

588
00:31:57.200 --> 00:31:58.680
<v Speaker 1>As something that is a problem.

589
00:31:59.279 --> 00:32:01.839
<v Speaker 2>Your goal is is dross or your silver is dross

590
00:32:01.880 --> 00:32:02.440
<v Speaker 2>and diluted.

591
00:32:03.640 --> 00:32:07.200
<v Speaker 1>Other texts I think in Isaiah speaking in a similar.

592
00:32:06.960 --> 00:32:10.200
<v Speaker 2>Vein, and this shows that the nation state or the

593
00:32:10.240 --> 00:32:13.440
<v Speaker 2>country and in this case Israel, right, they were losing

594
00:32:13.680 --> 00:32:19.440
<v Speaker 2>power and influence in their monetary system through corruption. And

595
00:32:19.480 --> 00:32:22.519
<v Speaker 2>we're in the same situation where the dollar is losing

596
00:32:22.559 --> 00:32:26.799
<v Speaker 2>purchasing power. We're losing that because of this central bank

597
00:32:26.960 --> 00:32:32.279
<v Speaker 2>Fiat model corruption, and we're in the digital age, so

598
00:32:32.319 --> 00:32:36.279
<v Speaker 2>I think we need something that is appropriate to the

599
00:32:36.279 --> 00:32:38.039
<v Speaker 2>digital a. It doesn't look like this is going to

600
00:32:38.079 --> 00:32:40.480
<v Speaker 2>be going away anytime soon. I don't think that they

601
00:32:40.519 --> 00:32:43.680
<v Speaker 2>created all this infrastructure, especially since they want to have

602
00:32:43.759 --> 00:32:46.880
<v Speaker 2>CBDC and skynet. They're not going to blast us back

603
00:32:46.920 --> 00:32:49.920
<v Speaker 2>to little House on the Prairie. They didn't do all

604
00:32:49.960 --> 00:32:52.920
<v Speaker 2>this to put us back in, you know, Michael Landon times,

605
00:32:54.240 --> 00:32:55.839
<v Speaker 2>We're not going to go to little House on the Prairie.

606
00:32:55.839 --> 00:32:58.720
<v Speaker 2>We're not going to go back to conquistadors. You know,

607
00:32:58.880 --> 00:33:02.200
<v Speaker 2>with a chests of the balloons, you can have your

608
00:33:02.240 --> 00:33:04.279
<v Speaker 2>chest to balloon the balloons. I do, I do think

609
00:33:04.319 --> 00:33:06.279
<v Speaker 2>it's wise to do that, to have gold and silver

610
00:33:06.319 --> 00:33:07.119
<v Speaker 2>and other assets.

611
00:33:07.359 --> 00:33:08.480
<v Speaker 1>So I'm not anti ascid.

612
00:33:08.559 --> 00:33:11.000
<v Speaker 2>I'm just saying that it also makes the most sense

613
00:33:11.039 --> 00:33:13.880
<v Speaker 2>to have the best performing asset in the last ten years,

614
00:33:13.920 --> 00:33:16.559
<v Speaker 2>which is a bitcoin, above all the others.

615
00:33:17.119 --> 00:33:17.759
<v Speaker 1>Why would you not?

616
00:33:18.119 --> 00:33:22.319
<v Speaker 2>And this book argues not just from an economic standpoint,

617
00:33:22.400 --> 00:33:26.880
<v Speaker 2>but from an ethics in a religious standpoint, that we

618
00:33:26.920 --> 00:33:32.319
<v Speaker 2>should have honest, ethical money, and certainly gold is far

619
00:33:32.400 --> 00:33:36.839
<v Speaker 2>more far closer to that than anything that we have

620
00:33:36.920 --> 00:33:39.079
<v Speaker 2>today with CBDCs or whatever.

621
00:33:39.680 --> 00:33:44.640
<v Speaker 1>But the ability to.

622
00:33:43.200 --> 00:33:46.359
<v Speaker 2>Store value over time so that it doesn't lose that

623
00:33:46.599 --> 00:33:51.519
<v Speaker 2>energy and that storage, so to speak, in a symbolic way,

624
00:33:52.799 --> 00:33:57.960
<v Speaker 2>is akin to an invention like the internet itself or

625
00:33:58.000 --> 00:34:01.240
<v Speaker 2>the printing press. I don't think people have figured out

626
00:34:01.319 --> 00:34:03.599
<v Speaker 2>yet that that's what bitcoin is. It is the solution

627
00:34:03.839 --> 00:34:08.599
<v Speaker 2>too human monetary problems. And once that clicks, once you

628
00:34:08.679 --> 00:34:12.880
<v Speaker 2>understand that, then you understand, oh, this is actually like

629
00:34:13.000 --> 00:34:13.960
<v Speaker 2>the printing press.

630
00:34:14.039 --> 00:34:18.199
<v Speaker 1>This is like the discovery of gold coinage.

631
00:34:18.480 --> 00:34:22.079
<v Speaker 2>I mean, it's that level. But most people have not

632
00:34:22.199 --> 00:34:26.239
<v Speaker 2>figured that out yet. So it's true that bitcoin is expensive,

633
00:34:26.280 --> 00:34:30.760
<v Speaker 2>but you're still very early because it's only a matter

634
00:34:30.800 --> 00:34:33.840
<v Speaker 2>of time. And now the big money players have figured

635
00:34:33.880 --> 00:34:37.320
<v Speaker 2>that out. So if you were ahead of these people,

636
00:34:37.400 --> 00:34:41.679
<v Speaker 2>you were way ahead. And that's why Max Kuiser pushes

637
00:34:41.679 --> 00:34:43.960
<v Speaker 2>it so much. And it's not like money is the

638
00:34:44.000 --> 00:34:48.199
<v Speaker 2>only solution to all mankind's problems. There's mankind's fallen and

639
00:34:48.239 --> 00:34:51.320
<v Speaker 2>so he's going to have problems beyond just the monetary sphere.

640
00:34:51.480 --> 00:34:56.719
<v Speaker 2>Always just having a butt it does alleviate and fix

641
00:34:56.800 --> 00:35:00.719
<v Speaker 2>a lot of problems to have something like that, because

642
00:35:00.760 --> 00:35:04.639
<v Speaker 2>money was always, for example, to be money, you needed

643
00:35:04.679 --> 00:35:07.880
<v Speaker 2>something that was divisible, You needed something portable.

644
00:35:08.360 --> 00:35:10.199
<v Speaker 1>You needed something durable, you needed.

645
00:35:10.000 --> 00:35:13.360
<v Speaker 2>Something that was recognizable, and the most important would be scarcity.

646
00:35:13.559 --> 00:35:16.800
<v Speaker 2>All of those things are necessary for something to count

647
00:35:16.800 --> 00:35:19.599
<v Speaker 2>as money, and humans have used all kinds of things.

648
00:35:19.880 --> 00:35:25.599
<v Speaker 1>Beads, shells, gold, coins, All of those things have been used.

649
00:35:25.599 --> 00:35:27.280
<v Speaker 2>But of course the problem is that many of those

650
00:35:27.280 --> 00:35:32.559
<v Speaker 2>things can be inflated. For example, if Indians use glass

651
00:35:32.599 --> 00:35:35.679
<v Speaker 2>beads as currency, if a European shows up and he

652
00:35:36.159 --> 00:35:39.440
<v Speaker 2>can create glass beads, well, then he can buy everything

653
00:35:39.519 --> 00:35:41.800
<v Speaker 2>up with his infinite glass beads.

654
00:35:41.920 --> 00:35:42.400
<v Speaker 1>You see.

655
00:35:42.960 --> 00:35:45.840
<v Speaker 2>So scarcity is the key, that's the most important thing.

656
00:35:45.920 --> 00:35:49.119
<v Speaker 2>That's why the currencies in the history of man kind

657
00:35:49.119 --> 00:35:53.039
<v Speaker 2>of always failed, even though gold is the best. The

658
00:35:53.119 --> 00:35:57.599
<v Speaker 2>reason that gold fails is nothing. No problem with gold itself.

659
00:35:58.880 --> 00:36:01.000
<v Speaker 2>It will always be precious, it will always be valuable

660
00:36:01.000 --> 00:36:03.000
<v Speaker 2>and rare in my view. But the problem is that

661
00:36:03.440 --> 00:36:10.079
<v Speaker 2>the central bank can mix that gold and dilute it.

662
00:36:10.079 --> 00:36:14.760
<v Speaker 2>It can create it can debase that currency with mixed

663
00:36:14.800 --> 00:36:19.039
<v Speaker 2>alloys or whatever. It can use gold notes as we

664
00:36:19.079 --> 00:36:23.639
<v Speaker 2>saw a minute ago, with quickly to deflate that currency

665
00:36:23.719 --> 00:36:27.400
<v Speaker 2>and then have that immense power to then buy everything

666
00:36:27.400 --> 00:36:30.679
<v Speaker 2>out because they control the printing press, right and then

667
00:36:30.679 --> 00:36:33.159
<v Speaker 2>they can thus control the nation state or the empire.

668
00:36:34.719 --> 00:36:36.960
<v Speaker 2>And many empires in fact, in history have fallen from

669
00:36:37.079 --> 00:36:39.840
<v Speaker 2>these very economic issues that we're talking about.

670
00:36:39.760 --> 00:36:40.679
<v Speaker 1>Not just wars.

671
00:36:41.280 --> 00:36:45.719
<v Speaker 2>In fact, wars oftentimes, not always, but oftentimes come about

672
00:36:45.880 --> 00:36:50.599
<v Speaker 2>because the state, the emperor, the king is in debt

673
00:36:51.840 --> 00:36:54.239
<v Speaker 2>and he's debased his currency, and so he's going to

674
00:36:54.280 --> 00:36:56.800
<v Speaker 2>have to go to war to try.

675
00:36:56.639 --> 00:36:58.039
<v Speaker 1>To save the economy.

676
00:36:58.840 --> 00:37:03.280
<v Speaker 2>So if the the monetary system was fixed, and it

677
00:37:03.360 --> 00:37:06.159
<v Speaker 2>is possible to fix it, there's a lot of forces

678
00:37:06.159 --> 00:37:08.079
<v Speaker 2>who don't want to fix it, but that doesn't mean

679
00:37:08.119 --> 00:37:08.920
<v Speaker 2>it's not possible.

680
00:37:09.599 --> 00:37:10.440
<v Speaker 1>It is possible.

681
00:37:11.840 --> 00:37:16.440
<v Speaker 2>But before you if you fix the monetary policy, it

682
00:37:16.519 --> 00:37:20.960
<v Speaker 2>is conceivable that there might be a lot less war. Again,

683
00:37:21.000 --> 00:37:23.119
<v Speaker 2>it's not saying that there will always there's be some utopia.

684
00:37:23.119 --> 00:37:25.880
<v Speaker 2>I'm not saying that. But to fix it would mean

685
00:37:25.920 --> 00:37:29.239
<v Speaker 2>that there would be nation states would not have as

686
00:37:29.320 --> 00:37:33.639
<v Speaker 2>much impetus to go to war to solve economic problems,

687
00:37:33.679 --> 00:37:34.920
<v Speaker 2>and that's where we are.

688
00:37:34.960 --> 00:37:37.199
<v Speaker 1>We might be in this situation because of an economic clan.

689
00:37:37.199 --> 00:37:40.079
<v Speaker 2>They might go to war because the dollar is collapsing,

690
00:37:40.119 --> 00:37:44.480
<v Speaker 2>and that's the easiest way to try to fix the

691
00:37:44.880 --> 00:37:48.719
<v Speaker 2>economic problems. All governments in history end up debasing their currency,

692
00:37:49.039 --> 00:37:55.159
<v Speaker 2>whether through the theft known as diluting the currency with

693
00:37:55.320 --> 00:37:58.719
<v Speaker 2>mixed alloys, or through gold notes, or through money printing

694
00:37:58.719 --> 00:38:03.679
<v Speaker 2>and inflation. But this last point I want to talk about,

695
00:38:03.719 --> 00:38:06.159
<v Speaker 2>which is very key, which is what's called network effects.

696
00:38:06.760 --> 00:38:12.000
<v Speaker 2>When certain rulers started using gold, they then influenced other

697
00:38:12.119 --> 00:38:15.519
<v Speaker 2>nations to start to use gold and coinage. Right in

698
00:38:15.519 --> 00:38:18.320
<v Speaker 2>the ancient world, when coinage caught on, then all the

699
00:38:18.400 --> 00:38:22.920
<v Speaker 2>nations were using gold. So gold became a network that

700
00:38:22.960 --> 00:38:25.719
<v Speaker 2>people were using as their currency. It's called a network effect.

701
00:38:27.239 --> 00:38:30.039
<v Speaker 2>And the more people that were using gold, the better

702
00:38:30.159 --> 00:38:32.679
<v Speaker 2>it was for everyone and for that whole gold.

703
00:38:32.400 --> 00:38:35.519
<v Speaker 1>Network, so to speak. We're in an age.

704
00:38:35.320 --> 00:38:40.280
<v Speaker 2>Now when everything is dominated by information networks via the Internet,

705
00:38:40.559 --> 00:38:44.400
<v Speaker 2>So doesn't it make sense that the most ease and

706
00:38:44.480 --> 00:38:46.440
<v Speaker 2>the biggest network.

707
00:38:47.400 --> 00:38:51.280
<v Speaker 1>Would be utilizing a form of money.

708
00:38:51.360 --> 00:38:55.039
<v Speaker 2>That's what bitcoin is, and it's already there, It's already

709
00:38:55.079 --> 00:38:59.119
<v Speaker 2>been here for many many years, and it makes the

710
00:38:59.119 --> 00:39:01.159
<v Speaker 2>most sense that that's a future. I will be at

711
00:39:01.199 --> 00:39:04.519
<v Speaker 2>the Bitcoin conference today and tomorrow hopefully I'll see you there,

712
00:39:04.559 --> 00:39:06.760
<v Speaker 2>and I'm looking forward to Trump's speech as well as

713
00:39:07.000 --> 00:39:10.320
<v Speaker 2>Russell Brand, Max Kaiser, Snowden, many others will be there.

714
00:39:10.880 --> 00:39:12.559
<v Speaker 2>If you want to support me, you can go to

715
00:39:12.639 --> 00:39:14.679
<v Speaker 2>Jason Elson's dot com and get my books in the shop.

716
00:39:14.719 --> 00:39:16.559
<v Speaker 1>Signed copies. Also, go to the Infra War Store and

717
00:39:16.639 --> 00:39:17.000
<v Speaker 1>purchase