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Speaker 1: Hello, everyone, Welcome to another episode of The gold Silver

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Bitcoin Show, brought to you by Goldsilver Bitcoin dot Com.

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We are more than an honored to be sitting down

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today with Jay Dyer. Jay is known for his deep

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analysis of Hollywood, geopolitics, culture, and much more. His graduate

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work focused on psychological warfare and film, and he is

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the author of two books, So Tera Hollywood one and two,

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and the co creator and co host of the television

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show Hollywood Decoded. He's been featured on numerous popular shows

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and podcasts and debates with some of the world's top debaters.

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Thank you so much, Jay for joining us today.

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Speaker 2: Yeah, man, glad to be here. I've been wanting to

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do more economic, crypto based type podcast, so I'm really

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honored to be here to talk about that with you today.

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Speaker 1: Well, then, you know, with that said, like, why don't

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we just kind of jump into that arena on this

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show we try to just talk about bitcoin because for

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a couple of reasons, I noticed at the Bitcoin Conference

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in twenty twenty one that there was this overlap between

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the American conservative movement and the bitcoiner And it was

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a overlap that I guess was there from the beginning

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when bitcoin had a lot of libertarians involved. A lot

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of the cyberpunks from back then were also kind of

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like small government minded individuals. But I've seen it evolve

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really to overlap with what we're seeing as the American

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conservative movement. In fact, some of my colleagues who are

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more on the block chiint the corporate blockchain side of things,

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mentioned to me they're like, Wow, I feel like I'm

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at a q rally.

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Speaker 3: When Jack Dorsey was on stage, he was being booed.

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Speaker 1: Laura Lumer ran up the stage and was confronting him

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for kicking her off of the platform and other conservatives

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and then also now I remember somebody yelled from the audience,

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you're on American Jack, and the whole discussion there was

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about inflation, central banks, debt, and so I saw this

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overlap between the bitcoin industry and then of course the

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American conservative movement. Mike mcgloane, who's actually a Bloomberg crypto

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and commodities analyst who's really interesting, he also notices this.

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He's got a clear head on his shoulders. And then

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I've also noticed that there's been this split between like

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bitcoiners and the rest of the all coin industry or

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the rest of the cryptocurrency industry. So there's Bitcoin maximalists

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and they're always kind of you know, calling all coin

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shit coins, for instance, and then the all coiners are

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all kind of saying that, you know, there's this Bitcoin

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toxic maximalism. All that is to say that I see

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increasingly this overlap between the American conservative movement who harke

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him back to the right wing of the right wing,

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I mean, the radical kind of republican base of the

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American Revolution who were known for kind of being conspiracy theorists.

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They thought the king was like conspiring against the colonies

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and all this stuff. And Bernard Balin, who I believe

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was a Harvard academic, actually has a note in his book.

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It's called a Note on Conspiracy maybe all four of

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this to you, and he addresses that there was this

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radical element who were convinced of a conspiracy, though not

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everyone was. I see overlapping between the modern conservatives with

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them and the modern conservatives and bitcoin and all that

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kind of leads me to what are your thoughts on

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the overlap between American conservatism and particularly bitcoin, And then

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from there maybe we can talk about this black Swan

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event that the w EEF has mentioned.

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Speaker 2: I think that's a really good insight. I think there's

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definitely overlap, probably because of education. I think most of

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the time people who are knowledgeable about economics have a

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high degree of education, and more and more people are

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getting educated on economics, especially as the economy gets worse.

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They want to figure out like why is everything costing

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so much more now? Why is there super duper inflation,

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you know when I go to buy you know, eggs

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or whatever. So I think that there's a confluence of

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things happening. The idea of the debt based FIAT system

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being a trap, being a scam definitely, you know, overlapped

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with the so called conspiracy world, which is really just

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the reality world. I mean, it's not even conspiracies, it's

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it's people who were looking at what's really going on

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behind the scene, learning about the Federal Reserve. So I

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think that, you know, the Ron Paul era, which I

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was really involved in both I ran and ran Paul

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you know, campaigns and trying to you know, help out

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with that back in you know, the two thousand and seven,

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eight nine ten era. That was the period when a

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lot of people were getting educated in the libertarian and

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conservative libertarian camps on economics, and I saw, you know,

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I remember that time at the time when you know,

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Ron Paul would have rallies where he could fill entire

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stadiums and he was really calling out the Federal Reserve.

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And so, you know, Ran, I remember he based his

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whole campaign in twenty twelve or something, I think on

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the problems with the IRS, the problems with taxation, the

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problems with ultimately the Federal Reserve, and it was just

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really heard of at that time, even though you know,

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there's been a lot of you know, very goldwater types.

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We've been talking about the Fiddle Reserve for a long time.

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And it just was a perfect confluence because as we

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started seeing deplatforming, as we started seeing people noticing what

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I think last year there was a twenty ten to

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twenty percent loss in the purchase of nower of the

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dollar within a year. So people were really starting to say,

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wait a minute, like, we've got to have alternative systems,

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both in terms of media, in terms of how we

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get our information out, in terms of social media, in

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terms of video platforms, and so obviously to money, we

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need other ways to uh, you know, conduct economic transactions

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to share ideas and value that cannot be destroyed. They

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cannot be easily you know, gotten rid of, cannot be deleted.

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Since or so, the parallels became natural, as you said,

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between increased education on money, monetary policy, how everything's a

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scam when it comes to the Fed, it's private banks

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ripping off everybody in terms of general rational wealth through inflation.

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And then at the same time, we have, as you said,

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this sort of amazing invention that comes about with bitcoin,

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where you have this really ideal money system. I always

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call it like an ideal or a neoplatonic type of

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money system, because that's what it is. It's the hardest,

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best way to do money, hardest asset gold and silver.

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Obviously we're next to that, but it's the ideal. And

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so I think so many people being forced to come

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to grips with reality when it comes to the great Reset,

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when it comes to what's been happening the last two years,

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also forced people into reality when it came to how

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they're going to manage their personal finances, their investments and

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all this stuff, and so that just it was just

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a perfect confluence of all these things at once.

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Speaker 1: Can you come up more on bitcoin as the quote

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perfect money as some have said like Max Kaiser for instance,

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and define like neo platonic, I guess some more.

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Speaker 2: Well, that was just kind of my own thought process

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on it, because, like in, because I'm a philosopher, I'm

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not really trained. I do. I do have one published

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paper in economics and social theory, but most of my

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work has really been in terms of philosophy and history geopolitics.

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But one thing that I did was I got inadvertently

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into studying monetary policy and money through reading geopolitics, because

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I started learning about the Federal Reserve and I started,

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you know, reading quickly Stragic Hope, which basically admits everything

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that people have been so called conspiracy theorizing about the FED.

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It's all in that gigantic geopolitical tone, which is basically

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trying to defend the actions of a debt based monetary system.

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And he even begins the book by saying, this really

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has his origins in the goal promissory notes system, in

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basically going back to Renaissance medieval Europe, where they started

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separating the currency from what was the paper currency from

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the actual held back value of gold or whatever, and

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that allowed the banking elite to sort of run up

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these debts and they could then buy up assets on

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you know, on the cheap. So it's it's a pretty

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simple and yet the same time complex scam that they

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run over and over and over, and so from a

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philosophical perspective, it was I was able to look at

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that and say, well, in philosophy, we have the idea

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of systems or systems analysis, or things that operate in

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the kind of objective way that are that are just

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totally math based, totally fact based, totally objective, and so

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what you would want to shoot for in that type

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of a system, whether it's a system related to engineering

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or a system that relates to a worldview. Actually, worldviews

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operate in the same way our belief. Systems operate in

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a systemic way. And then you know it basically, you know,

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computers operate in the same way of systems. So everything

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that we do, even the household, like a household, mom, dad, kids,

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it operates as a kind of a system. So when

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we understand systems and how they work from a philosophical perspective,

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I know, probably a lot of the listeners or watchers

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are familiar with Michael Saylor, the way he describes things

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in terms of engineering, and how bitcoin is this amazing

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engineering feat. You know, my analysis is more philosophical, so

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I can look at it from the vantage point of

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like philosophical systems. And the ultimate idealist system is Plato.

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And so I'm not advocating everything Plato said. He was

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actually a statist and you know, very problematic in his worldview,

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but one thing that he did have a conception of

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was objectivity, the importance of mathematics. And then if you

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could make mathematics and objectivity kind of the ultimate ledger

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or the ultimate decider of monetary policy, then you could

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have what would be at least the closest approximation of

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an ideal system. And that's what we have with a

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bitcoin type of system, is that approximation of an objective,

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mathematical based ideal. And the more it's based on that,

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the less it can be potentially manipulated by human beings.

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So no system is perfect obviously in this world. So

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I'm not avid. I'm not saying that, Oh it's the

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you know, like the salvation of everybody. I'm not a

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religious I do think ultimately it's kind of a gift

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from God in that sense that it is an answer

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to a lot of human kinds problems. But I don't

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think that it itself is divine or anything like that.

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But that's what I meant by kind of a neoplatonic

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money system is that in that it's ultimately shooting for

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a public, definable, objective, mathematically based way to have monetary transactions,

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to have an economy, to have money and value an

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energy stored over time. And there's nothing like that. Really,

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there's there's not anything in history. I mean, you could

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approximate it to things like gold, but but in ways

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bitcoin is even superior to that.

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Speaker 1: So I came to economics through history, and I studied

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history in college. Then pretty much right after college, the

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first thing I did was start getting into economics. That

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thought that might make that might help me make money

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in the long I've learned since then that it's best

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just to follow your passion and be really passionate about

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it and consistent with it. But that aside, I just

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start studying economics, and then of course the economic history,

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particularly in the context of the twentieth century. In college,

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my focus was on places like the Soviet Union, where

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their shortage was something that was quite common. Another focus

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of mind was on Nazi Germany. Learned a lot about

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the German Democratic Republic thereafter, and of course the Weimar

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Republican in the Wymar Republic, of course, there's these stories

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of people going to restaurants and the price of the

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items on the menus changing during the course of their meal,

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or they would rather actually pay before they ate to

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make sure that that didn't happen, and their stories and

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I guess probably photos if I'm not mistaken, of people

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wheelbarrowing money around. And so I began learning about the

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World Bank and the International Monetary Fund and their role

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in world affairs in the post World War two period.

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I think a lot of their funding, most of their

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funding came from the US taxpayer, and their policy was

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to only give loans to countries throughout the world in

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exchange for not only is it there that debt, but

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there's this austerity measures in quote economic medicine that those.

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Speaker 3: Leaders must impose.

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Speaker 1: And then there's a long standing critique that that money

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essentially just goes to the plutocrats of each individual country.

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And so I started learning about this. The debt based system.

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The Federal Reserve was obviously a big played a big

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part in the global economy, stated back to nineteen thirteen.

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And then there was, of course some other big events

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in the US history. I think in nineteen thirty three

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Goald confiscation comes to mind, so gold was confiscated, but

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not everyone turned the gold in.

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Speaker 3: And then in nineteen sixty five four Lyndon B.

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Speaker 1: Johnson says, don't worry, this isn't going to change anything,

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but we're gonna take all the silver out of the

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coinage and we're going to get We're gonna put it

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nickel and zinc and copper in.

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Speaker 2: It, debasing the currents that yeah, we're going.

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Speaker 1: To debase the currency completely to zero, which is quite

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a radical step, by the way, and I began learning

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about the new kind of FiOS system post nineteen seventy

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one with Nixon doctrine taking the.

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Speaker 3: US off the gold standard.

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Speaker 1: So now bitcoin is almost direct statement, I would say,

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a philosophical statement, if you will, against the system that

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we've seen unfold, especially post two thousand and eight when

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there was the bailouts and the money printing. Of course,

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as Henry Hazlitt wrote in Economics in one lesson that

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inflation or money printing causes reckless spending, and it leads

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inevitably to fascism or communism, and that is essentially the

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path that we've seen a Bitcoin as an alternative. Not

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only was capped at twenty one million, I think is

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the only commodity in the world where we know exactly

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how many will exist forever more, but also it had

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in the genesis block a reference.

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Speaker 3: To the bailout.

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Speaker 1: In On January third, two thousand and nine, the headline

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of the UK Times read Chancellor on bring a second

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bailout and so here's bitcoin. It's this clear statement against

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central banking. Really and now we see that we the

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libertarians adopted it in some way, the cyberpunks adopted it

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in some way. A lot of other kind of countercultural

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movements also did adopt it. I remember on Bitcoin Talk

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there was debates is bitcoin like a communist organism or technology?

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And so a lot of countercultural people were rallying behind it.

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But I think it was in the US it was

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really driven by the libertarian movement. Whenever you win, it

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was all like small government minded individuals for the most part.

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That evolved in twenty fifteen when the I think blockchain

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was co opted by corporate America and they started calling

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distributed ledgers blockchains, and they said, hey, we're going to

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turn the world into a blockchain. They're really just talking

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about distributed ledgers at that point that by twenty sixteen,

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twenty seventeen, I was like, man, there's a lot of

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democratic socialists running around.

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Speaker 3: This industry now.

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Speaker 1: So we see this strain from the libertarian movement, the bitcointers,

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the statement on the inflationary policies of central banks, and

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then of course the very kind of well the reference

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to central bank policy and the genesis block So in

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so many ways, it really is a commentary on the

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nature of our political systems, our financial systems, et cetera.

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And to see how it from that kernel with kind

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of this libertarian movement to becoming pop culture in rap songs,

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in TV shows and movies.

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Speaker 3: Has been quite a sight to behold. It's like, I

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can't think of any other moment in history where something

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like this has happened. I guess you could argue the

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revolutions are those like the American Revolution comes to mind. However,

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on the front of just finance, there have been private moneies,

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but nothing that has disrupted things like this in such

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a short amount of time. Von Nohouse comes to mind.

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Speaker 1: I think in twenty shortly after the release of bitcoin,

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bernardvon Nohouse started creating Liberty dollars out of silver coins.

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They were being minted in North Idaho by Sunshine May

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and the FEDS rated the mint They arrested Bernard von

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Nohause and said that he was basically counterfeiting US currency. Well,

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how far have we come in the last ten years

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on the on the back of bitcoin? Really?

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Speaker 2: Oh? Absolutely, yeah, I wasn't trying to cut you off.

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I disagree. I mean, yeah, I remember too when that happened,

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because that was around the time I first bought some

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gold or silver. It was probably around two thousand and

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eight or nine, so I was following that kind of

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stuff relatively close. And I remember that story, and I

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remember thinking, and I think maybe I was a little

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for many years initially suspicious of bitcoin because I was

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so kind of mired in the conspiracy world that I

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was overly negative in my appraisal of everything. And I

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remember thinking, well, if they if they rate a guy

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for that, like, they're not going to allow bitcoin, right,

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I mean, if bitcoin is what it says it is, Uh,

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you know, they're gonna shut that down. And I think

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they intended and tried, you know, for a long time.

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They're really shut down bitcoin. They didn't want it to

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be what it could become and what it is becoming.

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You know, we've seen actually who Bill Gates, Hillary Clinton

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within the last couple of weeks have come out and

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said we got to get rid of this bitcoin. Crypton

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needs to go away, you know, Hillary, even Hillary is

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on to the fact that cryptocurrency, especially bitwin, is a

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threat to the traditional banking model and they're calling it,

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you know, terrorism and all this nonsense. But their reality

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is that they're the central bank terrorists, right, They're the

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ones that are terrorizing the economy and have been for

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a long time. And there a lot of those people

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are Boomer tier. They're Boomer era, which means that they

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don't realize that people can within five to ten minutes

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figure out that the monetary system for centuries is a scam.

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And it's that this is people aren't ready to grapple

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with that reality that for whatever reason, you know, especially people,

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you know, I have a lot of my audience is

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a lot of people probably twenty five and younger, they're

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a lot more hip to being able to figure those

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things out like quicker. So I think that again we're

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kind of at this point where we've the wave has

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sort of crusted and tipped over to where I don't

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think that we're going to see a real shutting down

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a bitcoin or and in the stuff that they were

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threatening in the FUD you know, ten years ago, eight

341
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years ago, because I think it's really proven itself. And yeah,

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I think that you're right about when we think about

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the projects that for example, Klaus the World Economic Forum

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projects that he recommends, and the blockchain that he recommends

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in his books, you know, it's it's an alternate version

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where we need to be on these centrally controlled things.

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And in the iron is of course that the original

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idea here is to not have a centrally controlled mechanism

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but to have it decentralized. And so I think most

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of those projects and blockchain technologies that Klaus in the

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World Economic Form one everybody shifted over to are the

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ones that are going to be the most threatening. And

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so that's why I think it's central to conservative minded

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people or people who might be deplatformed to begin to

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think about the alternate ways. I mean, we should have

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already been thinking of We should have been on the

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top of this along. I kicked myself for not, you know,

358
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getting into this stuff earlier. I got into it in

359
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twenty seventeen. I heard about it in twenty twelve, right,

360
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and I thought, Oh, it can't be that. But you know,

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the sooner the better, so you know the future that

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we're going into. I read a good article I think

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about six months ago. I don't remember what website it

364
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was on, but it was basically arguing that actually, you know,

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bitcoin and cryptos might actually be a great heade for

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going into a Great reset, because the Great Reset is

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going to be kind of a global economic attack. I

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made a lot of videos last year talking about how

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I think that's this is really largely I mean, it's

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a lot of things that's to move towards global government

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all that, but it's also an economic attack to centralize wealth,

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to centralize control.

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Speaker 1: Uh.

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Speaker 2: And so it's it would be wise for people who

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want to hedge and to fight against that, to go

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for the systems and the types of things that fight

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against that. And like you said, it's a philosophical announcement,

378
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especially you know, bigcoin against that central banking model. That's

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that's precisely what conservatives need to wake up to.

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Speaker 1: What are the implications for Bitcoin of the Great Reset?

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And perhaps even what is your view of the Great

382
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Reset generally? I know you've probably hashed that over many,

383
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many times.

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Speaker 2: Yeah, I've done a lot of podcasts and shows on

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that in the last couple of years. So we did

386
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several We read and analyzed several of Klaus's books, several

387
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of the white papers that dealt with the Great Reset.

388
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And I think that it's part of a long term

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technocratic plan that's been there for one hundred years. When

390
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people hear technocracy, that's probably what might get some people

391
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nervous about things like bitcoin or cryptocurrencies. But I think

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that that's it's a you know, there's phases and layers

393
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of education that we have to go through. And so

394
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it's not that any of these technologies are inherently bad,

395
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it's that they can be misused. So the point the

396
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problem is not blockchain. The problem is not the Internet.

397
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The problem is not e money, e cash or any

398
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of this stuff, because we already use this, right, I mean,

399
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we already use the Internet, we already are banking is

400
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already more or less electronic when we're using apps to

401
00:21:39,599 --> 00:21:44,720
you know, transfer money already just from our fiat bank accounts.

402
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Uh So, none of those things is inherently the problem.

403
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The problem is, as you know, when we have shadowy, central, private,

404
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unaccountable you know, individuals who can manipulate the currency basically.

405
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At well, I just covered a white paper that was

406
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kind of in the domain of I guess you could

407
00:22:08,640 --> 00:22:11,079
say conspiracy for a long time. But I think really

408
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we've seen vindication of what was written in this white

409
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paper in nineteen seventy nine. That it's a real document.

410
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It's called the Silent Weapons for Quiet Wars, and that

411
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document it's about one hundred pages, but it covers different

412
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ways that the society can be manipulated through economic warfare.

413
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And they actually it actually says in the document that

414
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what people aren't going to understand is that the economy itself,

415
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the US economy itself, is a weapon, and it's a

416
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weapon that targets and attacks the society, not necessarily just

417
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at one point, but over time to rob people of

418
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their wealth through inflation. Basically, it puts people into a

419
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black hole where you run hamster wheel that powers the

420
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black hole, and the black hole it just always sucks away.

421
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You're in value and your your wealth over time, and

422
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you're the one powering the black hole because you keep

423
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investing in the system. And that was the sort of

424
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amazing thing that I'd never really thought about. I mean,

425
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I knew about you know, IMF and all that World

426
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Bank and Bank for National Settlements because quickly covers that

427
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really in depth, and he talks about how it's kind

428
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of a control mechanism and so we really have to

429
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understand that first. And like you said, Big Quinn is

430
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a philosophical statement against that, and so it's really just

431
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it's it's that's why it's a great hedge against it,

432
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because it represents everything that is what the Great reset

433
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is not, and it's using it's using computers and technology

434
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obviously to fight on the ground of computers and technology.

435
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So we're really I think out of critical venture where

436
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education is because if people don't choose the right forms

437
00:24:02,839 --> 00:24:06,000
of these things, they're going to be co opted into

438
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you know, fed Cooin.

439
00:24:10,039 --> 00:24:13,680
Speaker 1: Patrick Burn discusses how he sees and saw bitcoin as

440
00:24:13,680 --> 00:24:17,480
a continuation of Western philosophy of classical liberalism, which he

441
00:24:17,559 --> 00:24:21,680
notes is today most often referred to as libertarianism, but

442
00:24:21,720 --> 00:24:29,319
classical liberalism, to perhaps oversimplify, proceeded, preceded I guess, social liberalism,

443
00:24:29,400 --> 00:24:32,240
which was more of a sixties variety of liberalism, and

444
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then today we have, I suppose, what Noam Chomsky refers

445
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to as neoliberalism, which so is it far cry from

446
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the classical liberalism which really inspired a lot of the Enlightenment,

447
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as well as the founding of the United States and

448
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our Constitution and Bill of Rights. Patrick Byrn knows that

449
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bitcoin is really a con continuation of that, and it's

450
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the acknowledgment of the sovereignty of the individual, the ability

451
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of the individual to make decisions for themselves better than

452
00:25:04,599 --> 00:25:07,839
the few can or some leaders. And could you kind

453
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of speak about the kind of philosophical history of the

454
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individual and then the way in which bitcoin, for instance,

455
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really I guess, empowers the individual.

456
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Speaker 2: So I'm maybe a little bit of a anomaly in

457
00:25:22,039 --> 00:25:25,640
this regard because I'm not actually a libertarian, but i

458
00:25:25,680 --> 00:25:28,759
am very much a proponent of bitcoin, because I would

459
00:25:28,799 --> 00:25:32,599
say I'm more of a classical traditional conservative in many ways,

460
00:25:33,119 --> 00:25:37,240
maybe paleocon in a lot of ways, but and I

461
00:25:37,359 --> 00:25:42,000
recognize the libertarian ethos from which bitcoin arises. I recognize

462
00:25:42,039 --> 00:25:47,240
the positive aspects of the history of classical liberalism, but

463
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I'm also very much a critical of classical liberalism, which

464
00:25:49,599 --> 00:25:51,480
you might think is ironic given that I would be

465
00:25:52,200 --> 00:25:54,920
such a proponent of a bitcoin. But what I think

466
00:25:54,960 --> 00:25:57,559
has happened is that we're at a point now where

467
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those things in the past don't even really matter. I mean,

468
00:26:02,079 --> 00:26:05,359
they're interesting to study from a history of ideas perspective,

469
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from a history of the world or history philosophy, and

470
00:26:08,200 --> 00:26:11,720
yes they do relate, but I look at it like, look,

471
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if bitcoin works, and if it is fair, and if

472
00:26:15,200 --> 00:26:18,119
it is just and it's not a debt slave model,

473
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then it's virtuous money. It's actually a monetary system that

474
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is based on facts, truth, logic, math, objectivity, and virtue.

475
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And if that's the case, it doesn't really matter whether

476
00:26:33,160 --> 00:26:35,759
it came from libertarians or even if some Marxists invented it,

477
00:26:35,799 --> 00:26:38,000
which obviously wasn't a Marxist. I don't think a Marxist

478
00:26:38,039 --> 00:26:40,519
could have invented but you know what I'm saying, why

479
00:26:40,559 --> 00:26:42,440
they were at the point where it doesn't matter anymore

480
00:26:42,480 --> 00:26:45,839
about like, oh, you like bitcoin. Then you must be

481
00:26:45,920 --> 00:26:49,200
one of those libertarians, you must be one of those anarchists,

482
00:26:49,240 --> 00:26:52,559
you must be one of those conservatives getting deplatformed who

483
00:26:52,640 --> 00:26:56,000
you know wants to be a pseudo terrorist. None of

484
00:26:56,039 --> 00:26:57,920
those things even matter anymore, And now are at a

485
00:26:58,000 --> 00:27:03,000
stage where it's like we have to adopt some things that,

486
00:27:03,839 --> 00:27:07,680
even just from a pragmatic standpoint, that work. So if

487
00:27:07,680 --> 00:27:10,359
this is better, if this works, that's all the justification

488
00:27:10,400 --> 00:27:16,119
that's really needed. Yeah, I don't have a problem admiring

489
00:27:16,160 --> 00:27:20,240
and admitting the elements of the libertarian free market ethos

490
00:27:20,240 --> 00:27:22,559
that I do respect. But at the same time, I'm

491
00:27:22,599 --> 00:27:24,880
a big critic of neoliberalism. I'm a big critic of

492
00:27:24,920 --> 00:27:27,279
classical liberalism in many ways. That does not mean I'm

493
00:27:27,319 --> 00:27:29,279
a socialist. I'm not at all socialist. I would be

494
00:27:29,279 --> 00:27:32,480
probably more amenable to something like a hop of you.

495
00:27:34,160 --> 00:27:40,079
But yeah, so I just think that just from those perspectives,

496
00:27:40,839 --> 00:27:44,599
when we do understand the reality of central banking, I mean,

497
00:27:44,599 --> 00:27:46,759
who cares if it comes out of a libertary and ethos,

498
00:27:46,799 --> 00:27:48,880
whether you agree with the returners or not. If it's

499
00:27:48,880 --> 00:27:52,720
a better, more virtuous, objective, truth based model, then why

500
00:27:52,720 --> 00:27:55,480
would we not accept that, like.

501
00:27:55,519 --> 00:27:58,839
Speaker 3: What would help think of bitcoin?

502
00:28:01,279 --> 00:28:04,359
Speaker 2: I don't know. It's a weird question because I find

503
00:28:04,400 --> 00:28:11,359
his defenses of traditional societies like that are monarchical. Maybe

504
00:28:11,920 --> 00:28:14,759
he thinks that's a better model, even that you might

505
00:28:14,839 --> 00:28:19,680
have potentially more economic success in a monarchy than you

506
00:28:19,720 --> 00:28:24,799
could in a democratic republic. So I'm I have very

507
00:28:24,839 --> 00:28:30,559
big critiques of democratic republicanism. I'm speaking of the classical

508
00:28:30,599 --> 00:28:32,720
positions out of the Enlightenment. I'm not talking about the

509
00:28:32,759 --> 00:28:36,079
Republican Party. I'm not talking about today's two party politics.

510
00:28:36,079 --> 00:28:38,440
I'm talking about the ideas out of the French Revolution

511
00:28:38,559 --> 00:28:45,200
and Enlightenment. So I would say, I guess if he

512
00:28:45,319 --> 00:28:53,480
had the belief that a a monarchical hierarchical society that

513
00:28:53,599 --> 00:28:58,720
was also decentralized or localized was a better model than

514
00:28:58,799 --> 00:29:04,640
a gig gigantic US imperial democratic republican model, if you

515
00:29:04,720 --> 00:29:08,079
had something like that, then and if if he argued

516
00:29:08,079 --> 00:29:10,839
that that was the on the basis of like Western

517
00:29:11,799 --> 00:29:16,480
monarchies that had even lower taxation models and principles than

518
00:29:16,839 --> 00:29:19,440
the I R. S and the FED have had, then

519
00:29:19,480 --> 00:29:22,319
he would probably think that bitcoin would make the most

520
00:29:22,359 --> 00:29:27,720
sense that any that that the operations of someone like

521
00:29:27,720 --> 00:29:30,960
like a king going onto a Bitcoin model for his people,

522
00:29:31,000 --> 00:29:33,519
like El Salvador is doing, would probably be something that

523
00:29:33,599 --> 00:29:37,519
Poppa would think was a great idea. But and let

524
00:29:37,559 --> 00:29:40,680
me preface that by saying that that does not mean

525
00:29:40,720 --> 00:29:45,680
I am an advocate for most of today's quote monarchies.

526
00:29:46,319 --> 00:29:52,559
I think they're mostly degenerate, just terrible situations. It's just

527
00:29:52,599 --> 00:29:55,880
my own kind of eccentric opinion that I think monarchy

528
00:29:55,920 --> 00:29:59,559
as a form of government is a better form because

529
00:29:59,559 --> 00:30:01,799
I think high ierarchy is natural to human beings to

530
00:30:01,799 --> 00:30:06,079
have a hierarchy, and that might be kind of at

531
00:30:06,079 --> 00:30:09,640
odds with the sort of libertarian ethos of the individual,

532
00:30:10,079 --> 00:30:13,920
the atomized individual, something I'm leary of. But I think again,

533
00:30:13,960 --> 00:30:17,240
we're at a weird situation where the world is in

534
00:30:17,319 --> 00:30:23,160
such a bizarre place that these idealistic disputes don't matter

535
00:30:23,240 --> 00:30:26,480
as much anymore. And now it's a where situation where

536
00:30:27,039 --> 00:30:30,599
we've got to make the right decisions based on pragmatic things.

537
00:30:30,720 --> 00:30:33,920
And so what's our best options for economic theory. It's

538
00:30:34,000 --> 00:30:37,200
going to be a model like Bitcoin that's hard, that's

539
00:30:37,640 --> 00:30:43,240
not inflatable, that's objective, math based. That's one of our

540
00:30:43,240 --> 00:30:48,720
best options in fighting against the emerging global government, which

541
00:30:48,759 --> 00:30:49,759
is what the great recet is.

542
00:30:51,000 --> 00:30:54,400
Speaker 1: You know, there goes back a long time literature about

543
00:30:54,440 --> 00:30:58,000
the world state. Ishu Wells wrote about it. It's not

544
00:30:58,559 --> 00:31:02,839
there is a draw of literature written by many cases

545
00:31:02,920 --> 00:31:06,799
influential individuals throughout the last especially one hundred years, one

546
00:31:06,839 --> 00:31:10,960
hundred fifty years, maybe further back, but there's no shortage

547
00:31:10,960 --> 00:31:15,119
of it between that time range, which essentially posites this

548
00:31:15,200 --> 00:31:19,759
stuff and anybody who wants to think critically can't just

549
00:31:19,799 --> 00:31:22,559
be dispelled by as a bunch of blue needs on

550
00:31:22,640 --> 00:31:25,640
the internet who are saying this stuff. That's not what

551
00:31:25,960 --> 00:31:32,119
this is obviously now libertarianism aside. I'm curious, like, you know,

552
00:31:32,839 --> 00:31:35,960
what's the individual's role bin in history, and like, how's

553
00:31:36,000 --> 00:31:38,920
bitcoin a continuation of that if it is at all

554
00:31:39,039 --> 00:31:42,960
in your opinion, Well, there is.

555
00:31:42,920 --> 00:31:47,599
Speaker 2: Some truth to the fact that individuals can be the

556
00:31:49,480 --> 00:31:53,559
driving impetus of a new paradigm or a new idea

557
00:31:54,000 --> 00:31:59,079
or sure, but I also believe that it doesn't happen

558
00:31:59,400 --> 00:32:01,960
just on the base of a sort of Anne Randy

559
00:32:01,960 --> 00:32:03,960
and kind of you know, John gall Figure. I think

560
00:32:03,960 --> 00:32:09,960
there's also we are beings that are also parts of

561
00:32:10,200 --> 00:32:13,119
classes of things. Whether we like it or not. So

562
00:32:13,160 --> 00:32:18,319
for example, as an individual, I do have an individual existence,

563
00:32:18,359 --> 00:32:21,319
but I don't have that existence apart from my connection

564
00:32:21,440 --> 00:32:25,880
to other groups. And that doesn't necessitate that group or

565
00:32:25,960 --> 00:32:30,559
class relations, which I believe are actually ontological metaphysical realities,

566
00:32:30,599 --> 00:32:33,400
it doesn't necessitate that I being oppressed by them, or

567
00:32:33,440 --> 00:32:39,799
that I'm necessarily confined by them. Think for example, about gender.

568
00:32:39,839 --> 00:32:44,039
I mean, I believe gender is connected directly to our biology.

569
00:32:44,119 --> 00:32:46,519
But if I was a radical individual as I might

570
00:32:46,599 --> 00:32:50,720
conclude that I am being oppressed and I'm being And

571
00:32:50,720 --> 00:32:52,319
that's what we hear a lot from the left is

572
00:32:52,359 --> 00:32:57,319
the narrative that any sort of objective reality and classification,

573
00:32:57,480 --> 00:33:01,400
that that sort of binds us or restricts us, is

574
00:33:01,480 --> 00:33:05,240
inherently oppressive, and so therefore they must punish anyone who

575
00:33:05,720 --> 00:33:08,000
restricts them in any way. But I think that some

576
00:33:08,119 --> 00:33:12,440
restrictions are real or natural, they're metaphysical or ontological. They

577
00:33:12,440 --> 00:33:16,720
haven't objected reality to them. So I'm just saying it's

578
00:33:16,759 --> 00:33:19,839
a little for me, it's more nuanced from a philosophical

579
00:33:19,880 --> 00:33:24,599
perspective to realize that it's not in my view that

580
00:33:24,599 --> 00:33:27,839
the struggle of history is not the individual against the state,

581
00:33:28,000 --> 00:33:32,359
or the individual against the collective. There are cases of that,

582
00:33:32,440 --> 00:33:35,160
but I think that's an oversimplification of how the world

583
00:33:35,359 --> 00:33:39,000
is and how we operate in the world. But yes,

584
00:33:39,039 --> 00:33:42,640
there have certainly been many outstanding geniuses who have you know,

585
00:33:42,960 --> 00:33:47,200
propelled society, and I would definitely class you know, bigcoin

586
00:33:47,240 --> 00:33:51,960
as one of those amazing inventions that potentially could change

587
00:33:51,960 --> 00:33:54,960
the world. Comparable to the Internet. I mean you could say, well,

588
00:33:55,000 --> 00:33:57,640
what's it comparable to? Probably to the way that the

589
00:33:57,640 --> 00:34:01,240
Internet has changed the world. You guys shouldnt debate whether

590
00:34:01,240 --> 00:34:03,359
it was good or for evil, for the better or

591
00:34:03,359 --> 00:34:06,480
for the worse. But ultimately, then if we get these

592
00:34:06,599 --> 00:34:11,239
kinds of amazing additional inventions like bitcoin, then maybe the

593
00:34:11,280 --> 00:34:13,280
Internet can be a great thing. It's really up to

594
00:34:13,360 --> 00:34:15,480
us what we do with it. We're either going to

595
00:34:15,679 --> 00:34:19,000
use these technologies for enslavement, We're going to use these

596
00:34:19,079 --> 00:34:22,000
technologies for virtue and for good.

597
00:34:23,480 --> 00:34:26,360
Speaker 1: What do we make of Klaus's cyber pandemic and what

598
00:34:26,440 --> 00:34:30,599
are the implications for the I guess our infrastructure generally,

599
00:34:30,599 --> 00:34:32,360
which would include the Internet and bitcoin.

600
00:34:33,480 --> 00:34:37,039
Speaker 2: Yeah, I went and I watched and read the paper,

601
00:34:37,199 --> 00:34:39,519
his white paper on that sound a couple a couple

602
00:34:39,519 --> 00:34:42,159
of notes on that if I could remember what all.

603
00:34:43,079 --> 00:34:45,199
It's actually not that long. It's only about a twenty

604
00:34:45,239 --> 00:34:49,639
page thing if you read it, But just to be accurate,

605
00:34:49,679 --> 00:34:51,320
I was gonna try to file my notes here.

606
00:34:51,880 --> 00:34:52,719
Speaker 3: Go ahead, take a look.

607
00:34:52,719 --> 00:34:55,440
Speaker 1: And for those that don't know, Klaus Schwaba leads the

608
00:34:55,480 --> 00:35:00,159
World Economic Forum. It's I guess based in Devo, if

609
00:35:00,199 --> 00:35:03,119
I'm not mistaken, and entails a lot of the fortune

610
00:35:03,920 --> 00:35:08,719
you know, top fortune, say ten one hundred companies on

611
00:35:08,760 --> 00:35:13,440
the planet. They have published stuff like own Nothing, Be Happy,

612
00:35:13,920 --> 00:35:18,679
which elevates the sharing economy and a context that perhaps

613
00:35:18,840 --> 00:35:22,079
is not what you might think of in terms of

614
00:35:22,119 --> 00:35:25,960
a sharing economy. I more like a I guess a

615
00:35:26,159 --> 00:35:29,239
public utilitarian economy probably seems to be more good.

616
00:35:30,920 --> 00:35:33,280
Speaker 3: The feeling. So go ahead. So Klaus Schwab.

617
00:35:33,480 --> 00:35:35,760
Speaker 1: He talks about a cyber pandemic that we're gonna have,

618
00:35:35,840 --> 00:35:41,519
like essentially a at least internet wide or even infrastructure

619
00:35:41,519 --> 00:35:43,000
wide power or outages.

620
00:35:44,880 --> 00:35:47,960
Speaker 2: Yeah, it calls it a digital pandemic. And the idea

621
00:35:48,039 --> 00:35:50,599
here is that they would run these drills of red

622
00:35:50,639 --> 00:35:53,199
team versus Blue team. Red team being the attack team,

623
00:35:53,239 --> 00:35:56,320
blue team being the defense and it would be a

624
00:35:56,679 --> 00:36:00,519
tax on certain areas of society and of the economy.

625
00:36:00,599 --> 00:36:03,639
And see what would happen in these attacks and how

626
00:36:03,719 --> 00:36:07,800
well they could defend against it. And it's see this

627
00:36:08,039 --> 00:36:11,039
was part of a Rockefeller plan as well. It is

628
00:36:11,199 --> 00:36:15,719
a It included partners such as IBM and i CAN,

629
00:36:15,880 --> 00:36:19,400
which was what Obama had handed over to the UN. Basically,

630
00:36:19,519 --> 00:36:21,239
I guess the control of like the domain names and

631
00:36:21,280 --> 00:36:24,960
that kind of stuff. And the idea was that this

632
00:36:25,000 --> 00:36:28,880
would reduce this would create an entire world changing event,

633
00:36:29,400 --> 00:36:31,440
so the world would never be the same. According to

634
00:36:31,440 --> 00:36:35,920
page twenty one, after this, what they called a cyber

635
00:36:36,039 --> 00:36:41,360
version of the Kufid so to speak, right, So this

636
00:36:41,400 --> 00:36:46,719
would lead to a new implementation rollout of AI. AI

637
00:36:46,800 --> 00:36:49,559
would then be rolled out as supposedly the answer to this,

638
00:36:50,159 --> 00:36:53,800
you know, pandemic this or this collapse. I don't think

639
00:36:53,840 --> 00:36:57,199
that it. I don't think literally it means the collapse

640
00:36:57,199 --> 00:36:59,639
of the entire Internet. I mean, I'm not like an

641
00:36:59,639 --> 00:37:03,119
IT specialist person. I don't think they could do that.

642
00:37:03,199 --> 00:37:06,239
And I think, you know, decentralized networks are really difficult

643
00:37:06,239 --> 00:37:09,480
in that regard, how in terms of shutting everything down.

644
00:37:11,320 --> 00:37:15,599
But the end result is that five G and the

645
00:37:15,639 --> 00:37:17,199
role out of five G would be key, would be

646
00:37:17,280 --> 00:37:20,480
key to the new Internet, as you said, which would

647
00:37:20,480 --> 00:37:22,920
be related to the Internet of Things, and that would

648
00:37:22,960 --> 00:37:26,159
be related to if you don't know whether the Internet

649
00:37:26,199 --> 00:37:28,320
of things is basically everything in the world in a

650
00:37:28,360 --> 00:37:33,800
way being modeled and mimicked in the simulant world in

651
00:37:33,880 --> 00:37:37,440
some way. Thus the tracking and tracing would then potentially

652
00:37:37,480 --> 00:37:40,440
be total, right, so all of the world basically is

653
00:37:40,480 --> 00:37:43,559
the idea is is to be mirrored on the Internet

654
00:37:43,559 --> 00:37:46,159
in real time, so that everything could be tracked and

655
00:37:46,199 --> 00:37:49,239
traced and you could get future predictive you know, algorithms,

656
00:37:49,280 --> 00:37:55,159
all that kind of stuff. I'm trying to My note

657
00:37:55,239 --> 00:38:05,280
is a little messys is all all, oh uh, all

658
00:38:05,440 --> 00:38:08,320
global nation states that are all the global the globe

659
00:38:08,320 --> 00:38:11,519
will adopt this new model, they're saying. And then it

660
00:38:11,559 --> 00:38:15,519
goes on to say that one of the key areas

661
00:38:15,519 --> 00:38:17,760
they would attack, for example, will be hospitals. We would

662
00:38:17,760 --> 00:38:20,000
see the rollout of ransomware. I actually think that the

663
00:38:20,119 --> 00:38:22,519
last year we've already seen kind of this with the

664
00:38:22,559 --> 00:38:25,960
pipelines and this kind of stuff, So I don't think

665
00:38:26,039 --> 00:38:29,199
that this is literally intended to be the entire Internet

666
00:38:29,199 --> 00:38:31,119
shutting off because a lot of people think, oh, why

667
00:38:31,159 --> 00:38:33,880
would I invest in dickcoin when Klaus wants to destroy

668
00:38:33,880 --> 00:38:36,480
the internet. You know, Klasses don't want to destroy the internet.

669
00:38:36,639 --> 00:38:39,280
Klaus is actually rolling out all these cryptos that he

670
00:38:39,360 --> 00:38:42,320
wants you on, and those are the centralized ones that

671
00:38:42,400 --> 00:38:45,199
can be you know, implemented into this tracking and tracing

672
00:38:45,280 --> 00:38:51,000
total control system. It's rather breakdowns and attacks on certain

673
00:38:51,079 --> 00:38:55,000
areas of the economy, like I said, hospitals. And then

674
00:38:55,920 --> 00:38:58,119
they actually this was an interesting element. They actually say

675
00:38:58,199 --> 00:39:04,199
that there would be an attack on anyone who opposed

676
00:39:04,239 --> 00:39:06,480
it or called it out. They would say that they

677
00:39:06,559 --> 00:39:13,559
are cyber terrorists. So if you question the narrative within

678
00:39:13,760 --> 00:39:17,519
the cyber Polygon exercise, they say that those questioning the

679
00:39:17,599 --> 00:39:21,159
narratives are thus aiding the cyber criminals, when, of course

680
00:39:21,199 --> 00:39:24,519
we know from this document the cyber criminals are the

681
00:39:24,559 --> 00:39:27,599
people running cyber Polygon. They're the one is Klaus wearing

682
00:39:27,599 --> 00:39:31,079
his hoodie hacking, you know, bent over his computer hacking,

683
00:39:31,840 --> 00:39:36,639
not literally Klaus himself, but the people underneath him, you

684
00:39:36,679 --> 00:39:41,519
could say. And so basically it leads to one of

685
00:39:41,559 --> 00:39:45,119
the advantages of this is the shutdown of all alternative media,

686
00:39:45,199 --> 00:39:48,320
because they will say that anyone in alternative media questioning

687
00:39:48,360 --> 00:39:53,920
the narrative of the attacks will be framed as cyber terrorists.

688
00:39:53,960 --> 00:39:58,360
They will all be shut down and then ultimately it

689
00:39:58,440 --> 00:40:01,239
even now this is my own speculation. If you've read

690
00:40:01,280 --> 00:40:05,320
about promis and backdoor technology, my speculation is that a

691
00:40:05,360 --> 00:40:10,320
lot of these infrastructure programs and places already have back doors,

692
00:40:10,920 --> 00:40:15,280
so it's already they can easily cause these problems through

693
00:40:15,280 --> 00:40:18,360
the back doors as they so choose. So it is

694
00:40:18,400 --> 00:40:22,119
not actually Russia, China or foreign enemies that are doing this,

695
00:40:22,239 --> 00:40:28,000
there's actually the people hired into this operation that will

696
00:40:28,000 --> 00:40:31,559
be doing these these I guess you could, for lack

697
00:40:31,559 --> 00:40:34,039
of a better time, false flag attacks basically is what

698
00:40:34,079 --> 00:40:34,599
it would.

699
00:40:34,400 --> 00:40:37,280
Speaker 3: Be and kind of down the hierarchy.

700
00:40:37,320 --> 00:40:39,199
Speaker 1: I think it'll play out, and it has played out

701
00:40:39,320 --> 00:40:42,440
very much like the Milgrim experiment. So you'll have like

702
00:40:42,519 --> 00:40:45,119
people who are dependent on the Internet, like the ISPs, right,

703
00:40:45,119 --> 00:40:47,400
they need to open out the internet really, but yet

704
00:40:47,440 --> 00:40:50,159
they'll shoot themselves in the foot and pull yank websites,

705
00:40:50,239 --> 00:40:55,159
perhaps with enough pressure on them, so now I can

706
00:40:55,280 --> 00:40:58,239
That was an interesting moment in time when Obama did

707
00:40:58,320 --> 00:41:05,039
see control of I can over to international organizations. So

708
00:41:05,519 --> 00:41:07,679
your read on this is that they will basically like

709
00:41:07,800 --> 00:41:10,559
YANK at the domain level websites.

710
00:41:10,920 --> 00:41:13,960
Speaker 2: Well, I don't think it says that explicitly. I think

711
00:41:13,960 --> 00:41:18,440
it's implied because it does mention. It just mentions the

712
00:41:18,480 --> 00:41:23,159
partners in the cyber Polygon event, and the partners included

713
00:41:23,239 --> 00:41:29,079
IBM and I CAN so they at some level will

714
00:41:29,119 --> 00:41:32,840
be involved or are aware of this exercise And the

715
00:41:32,880 --> 00:41:34,920
reason we pay attention to the exercise is just like

716
00:41:35,000 --> 00:41:38,119
when it came to the twenty twenty events, we had

717
00:41:38,519 --> 00:41:43,760
multiple previous exercises that match in many ways perfectly with

718
00:41:44,280 --> 00:41:47,039
what happened in twenty twenty and even now with the

719
00:41:47,079 --> 00:41:50,760
Spars document. But we had Clayde actually had Dark Winter,

720
00:41:51,000 --> 00:41:53,760
we have Crimson Coctasian, we have Spars, we have Event

721
00:41:53,800 --> 00:41:57,639
to A one, and so those were all exercises and

722
00:41:57,719 --> 00:42:00,679
plans that really sort of set the stage what happened

723
00:42:00,679 --> 00:42:03,840
in twenty twenty twenty twenty one. And so that's why

724
00:42:03,840 --> 00:42:06,360
when we pay attention to something like cyber Polygon, we're

725
00:42:06,400 --> 00:42:09,159
watching because we think that that's a potential card they

726
00:42:09,199 --> 00:42:12,239
could play in the future. So, yeah, I don't know

727
00:42:12,320 --> 00:42:15,079
exactly to what degree I can would be involved, but

728
00:42:15,159 --> 00:42:19,440
it does look like they're you know, involved in this

729
00:42:19,480 --> 00:42:23,199
to some degree. And to your comment too about sort

730
00:42:23,239 --> 00:42:28,199
of collectivism, socialism, Marxism, communism, I think that Klaus and

731
00:42:28,239 --> 00:42:32,079
these people, you know, they're very open about for the masses,

732
00:42:33,079 --> 00:42:36,000
that's what they want. They want the masses to essentially

733
00:42:36,039 --> 00:42:40,320
be in a collectivist socialist communists, sharing economy, circular economy.

734
00:42:40,639 --> 00:42:43,239
These are all the words they use for that model

735
00:42:43,280 --> 00:42:45,960
they want to bring in, and it is just really basic,

736
00:42:46,199 --> 00:42:50,559
basic bitch socialism Marxism. But it's a corporate sponsored and

737
00:42:50,599 --> 00:42:53,679
funded Marxism, which is the kind of the bizarre twist

738
00:42:53,760 --> 00:42:55,519
in this that a lot of people have a hard

739
00:42:55,559 --> 00:42:59,159
time with. Well, why would corporate elites banking at least,

740
00:42:59,199 --> 00:43:01,079
why would they want Well, well, that's actually the whole

741
00:43:01,119 --> 00:43:03,920
history of Marxism socialism is that it's a banking funded thing.

742
00:43:04,039 --> 00:43:07,199
It always has been, especially when you go into who

743
00:43:07,239 --> 00:43:11,239
funded marx right, wealthy stock owners or why would well, Well,

744
00:43:11,280 --> 00:43:14,639
because it's a system of weapons and control. It's an

745
00:43:14,679 --> 00:43:17,519
economic weapon. It's not a system of liberation and freedom,

746
00:43:18,760 --> 00:43:22,119
and so it's it's a tool. It's a mechanism of warfare,

747
00:43:22,239 --> 00:43:25,320
is what Marxism and socialism are. And so just like

748
00:43:25,400 --> 00:43:30,199
the Silent Weapons document, you might think, you know, if

749
00:43:30,239 --> 00:43:32,920
you're a John Bircher reading that forty fifty years ago, oh,

750
00:43:32,960 --> 00:43:38,239
this is Marxism communism. Not exactly, it's Marxism communism by

751
00:43:38,480 --> 00:43:42,159
a fortune one hundred cabal, by a you know, top

752
00:43:42,760 --> 00:43:46,039
banking elite cabal. That's what it is now. So for

753
00:43:46,119 --> 00:43:49,760
the masses, it's socialism communism, and for the elite it's

754
00:43:49,800 --> 00:43:52,360
a tier of kind of exemption from all of that

755
00:43:52,400 --> 00:43:53,760
and basically just THEFT.

756
00:43:55,760 --> 00:43:59,000
Speaker 1: I guess, wonder what is the system after a process

757
00:43:59,000 --> 00:44:00,360
of monopoly plays out?

758
00:44:00,480 --> 00:44:01,480
Speaker 3: And whymar republic.

759
00:44:01,480 --> 00:44:03,599
Speaker 1: I remember we were reading that it was pretty much

760
00:44:03,639 --> 00:44:06,280
like a cartel run society, and I think that's very

761
00:44:06,360 --> 00:44:07,679
much where we find ourselves today.

762
00:44:07,719 --> 00:44:09,320
Speaker 3: It's like a cartel run world.

763
00:44:10,079 --> 00:44:15,360
Speaker 1: So now there are projects on the decentralized Internet front.

764
00:44:15,360 --> 00:44:18,280
They're trying to create a new Internet that won't have

765
00:44:18,360 --> 00:44:24,320
these potential security issues. So one project that is doing

766
00:44:24,320 --> 00:44:28,280
that is stacks formerly blockstack. So they're trying to create

767
00:44:28,280 --> 00:44:32,280
a decentralized Internet on the bitcoin blockchain. They think the

768
00:44:32,280 --> 00:44:35,519
bitcoin blockchain is something that can be built on in

769
00:44:35,559 --> 00:44:38,360
a lot of the same ways that the other blockchains

770
00:44:38,360 --> 00:44:41,920
are being built upon, like Ethereum and the smart contract platform.

771
00:44:42,079 --> 00:44:46,000
The bitcoiners are arguing on the engineering front that because

772
00:44:46,039 --> 00:44:49,280
Bitcoin forces this to be built out in a modular manner,

773
00:44:49,320 --> 00:44:51,400
so you have to build it layer by layer, that

774
00:44:51,400 --> 00:44:55,480
that is a form of I guess hyperfrigility if you will,

775
00:44:55,760 --> 00:45:01,599
or it is a more sound engineering framework then just

776
00:45:01,639 --> 00:45:04,960
trying to stuff everything into an S two for instance.

777
00:45:04,960 --> 00:45:07,679
So that's the argument of like those that are making Lightning,

778
00:45:08,000 --> 00:45:10,360
those that are working on RSK, which is a bitcoin

779
00:45:10,400 --> 00:45:11,760
smart contracting platform.

780
00:45:12,000 --> 00:45:13,400
Speaker 3: And then I suppose that's also.

781
00:45:13,159 --> 00:45:16,639
Speaker 1: The argument of, like, for instance, we need ali of

782
00:45:16,920 --> 00:45:22,119
blockstack or stacks. Now they they're you're they're creating NFTs

783
00:45:22,119 --> 00:45:24,960
all the bitcoin blockchain now on that front, so there

784
00:45:25,079 --> 00:45:29,039
is some work on a decentralized Internet. And then I

785
00:45:29,079 --> 00:45:33,119
wrote back in twenty thirteen in an article called the

786
00:45:33,159 --> 00:45:37,480
Internet is down the Bitcoin Uh, the Internet is down?

787
00:45:37,519 --> 00:45:42,079
Speaker 3: Bitcoin over no, And so yes.

788
00:45:41,920 --> 00:45:43,199
Speaker 2: This is what I'm glad we're going to go to that.

789
00:45:43,719 --> 00:45:45,639
I wanted to touch it because the number one, number

790
00:45:45,679 --> 00:45:48,400
one thing everybody says as well, if the Internet is down,

791
00:45:48,440 --> 00:45:50,800
you lose all your bigcoin bitcoins destroyed, which is a

792
00:45:50,880 --> 00:45:53,519
huge misunderstanding that. No, it's not that.

793
00:45:53,719 --> 00:45:54,559
Speaker 3: So let's get into that.

794
00:45:54,599 --> 00:45:57,880
Speaker 1: I write in this piece I cover how people could

795
00:45:57,920 --> 00:46:03,480
theoretically create networks using wireless routers, PCs, laptops, and ultramobile

796
00:46:03,519 --> 00:46:06,920
devices like head cell phones, which have the capacity to

797
00:46:07,119 --> 00:46:10,320
become part of an ad hoc network whereby all network

798
00:46:10,400 --> 00:46:13,400
devices transmit the data of the network. These networks can

799
00:46:13,440 --> 00:46:15,559
become very big and are not difficult to set up,

800
00:46:15,599 --> 00:46:18,360
apparently for some I imagine probably be pretty difficult for

801
00:46:18,400 --> 00:46:21,760
me to set up. So I wrote this a long

802
00:46:21,800 --> 00:46:24,400
time ago. The tech savy can use such a network

803
00:46:24,400 --> 00:46:27,159
to host temporary websites and chatrooms. Apple computers have an

804
00:46:27,159 --> 00:46:29,440
easy to use functionality built in which includes the pre

805
00:46:29,480 --> 00:46:32,840
installed iChat which will automatically run an ad hoc rendezvut

806
00:46:32,880 --> 00:46:34,960
chat room among anybody on the network.

807
00:46:35,039 --> 00:46:35,440
Speaker 3: It's me.

808
00:46:35,719 --> 00:46:40,159
Speaker 1: So now many would argue, well, these hardware is a problem,

809
00:46:40,199 --> 00:46:42,599
and that is and I know that there is a

810
00:46:42,760 --> 00:46:46,280
gentleman working on a company that's already live.

811
00:46:46,360 --> 00:46:48,280
Speaker 3: You can buy the products now. It's called purism.

812
00:46:48,760 --> 00:46:52,880
Speaker 1: I think it's like pur dot ism, purism laptops, and

813
00:46:53,159 --> 00:46:56,760
he's creating an alternative to these major companies that essentially

814
00:46:56,800 --> 00:47:01,159
have a quasi monopoly on the hardware. Theoretically, then we

815
00:47:01,239 --> 00:47:04,199
got this ad hoc network of ideally these like Purism

816
00:47:04,679 --> 00:47:10,079
or you know, uh, we'll call them like boutique hardware manufacturers.

817
00:47:11,280 --> 00:47:14,320
You can also build large bridge wireless networks with wireless

818
00:47:14,320 --> 00:47:18,440
access point devices such as link C's wireless bridge networks

819
00:47:18,440 --> 00:47:21,440
can effectively create a local area network or a private

820
00:47:21,480 --> 00:47:24,519
Internet for all users within a range. Most access points

821
00:47:24,559 --> 00:47:26,920
will cover a one hundred meter area. And if your

822
00:47:26,920 --> 00:47:30,920
wireless device is built to support this wireless standard, I

823
00:47:30,920 --> 00:47:33,400
guess it's the AO two point one point one end

824
00:47:33,440 --> 00:47:35,840
wireless standard. Do you enjoy nearly a five hundred meter

825
00:47:35,960 --> 00:47:39,719
coverage area for each access point for instance? And I

826
00:47:39,719 --> 00:47:42,440
guess you can even use Nintendo DS supports Wi Fi

827
00:47:42,480 --> 00:47:45,599
and its own wireless protocols, So there are options. And

828
00:47:45,639 --> 00:47:47,320
you want to mention that if the Internet goes down,

829
00:47:47,320 --> 00:47:49,559
then your bitcoin also are not destroyed.

830
00:47:50,400 --> 00:47:53,880
Speaker 2: Yeah, well that's just because it's such a common mistake

831
00:47:53,920 --> 00:47:57,199
in bizarre objection. I mean, I guess it depends on

832
00:47:57,239 --> 00:48:00,960
where you have your bitcoin conceivably, but I mean, I

833
00:48:01,000 --> 00:48:03,960
don't you know, I would never I would store on

834
00:48:04,400 --> 00:48:07,360
you know, cold storage, hardwallet. That's that's what I do.

835
00:48:08,519 --> 00:48:13,079
So you know, unless the device is destroyed or hacked,

836
00:48:13,119 --> 00:48:15,280
I mean, no, you're not going to lose your bitcoin.

837
00:48:15,360 --> 00:48:19,360
And you know that. And I'm not an IT tech person,

838
00:48:19,440 --> 00:48:22,599
but you know, my basic understanding of the network is

839
00:48:22,639 --> 00:48:25,400
that you know, the bitcoin network is distributed amongst ten

840
00:48:25,440 --> 00:48:30,559
thousand different nodes. Some of those nodes are house the

841
00:48:30,599 --> 00:48:34,519
public ledger. So unless every node is destroyed like that,

842
00:48:34,840 --> 00:48:38,239
there's which is very unrealistic, very unlikely, And if that

843
00:48:38,360 --> 00:48:41,320
does happen, then there's much bigger problems in the world anyway.

844
00:48:41,320 --> 00:48:43,519
I mean, if that happens, you're not going to be

845
00:48:43,559 --> 00:48:47,320
able to access your FIAT bank either, you know what

846
00:48:47,320 --> 00:48:48,679
I mean, You're not gonna be able to use your

847
00:48:48,719 --> 00:48:53,239
banking app if the whole Internet goes down. So you know, yes,

848
00:48:53,280 --> 00:48:56,159
in that case, the gold or silver, if there was

849
00:48:56,199 --> 00:48:58,800
a you know, a terrible event like that, those would

850
00:48:58,840 --> 00:49:03,880
be the most logical means to go to next. So

851
00:49:04,519 --> 00:49:07,599
you know, that's why I don't believe in only having

852
00:49:07,599 --> 00:49:09,400
one thing. I don't. I don't know why people think

853
00:49:09,440 --> 00:49:12,119
that you can't have bitcoin and gold and silver. That's

854
00:49:12,480 --> 00:49:15,800
another mistake that people make because like, like if you

855
00:49:15,880 --> 00:49:18,119
say that bitcoin is even in my view it is

856
00:49:18,360 --> 00:49:21,360
a superior way of doing things than even gold, that

857
00:49:21,360 --> 00:49:24,719
doesn't mean gold's bad. You have, you know, multiple ways

858
00:49:24,800 --> 00:49:30,519
to hedge against multiple bad scenarios. So yeah, if things

859
00:49:30,519 --> 00:49:32,239
get really bad, then yeah, we would want to have

860
00:49:32,280 --> 00:49:34,400
gold and silver. We want to have assets, We want

861
00:49:34,400 --> 00:49:37,440
to have things that are not even necessarily connected to

862
00:49:37,480 --> 00:49:39,519
the Internet or relate to the Internet. But that's a

863
00:49:39,599 --> 00:49:42,719
very unlikely scenario that the whole Internet goes away, or

864
00:49:42,719 --> 00:49:46,239
that all the blockchain computers are destroyed. It's just very unlikely.

865
00:49:46,360 --> 00:49:49,199
So yeah, I don't think we have to worry about that.

866
00:49:49,440 --> 00:49:53,480
And in regard to that, it just matters where people

867
00:49:54,280 --> 00:49:57,880
are storing their bitcoin, which you know, I would definitely say,

868
00:49:58,239 --> 00:50:01,000
you know, use a hard wallet in that red m.

869
00:50:01,119 --> 00:50:03,760
Speaker 1: Hm, because some of the scenarios that you were outlining,

870
00:50:03,840 --> 00:50:06,800
really you could argue that a coinbase or a Kraken

871
00:50:06,880 --> 00:50:11,360
or some of these other centralized exchanges are a betting terrorists,

872
00:50:11,400 --> 00:50:13,400
cyber terrorists, and therefore we're gonna have.

873
00:50:13,360 --> 00:50:16,280
Speaker 3: To shut them down and confiscate everything.

874
00:50:17,280 --> 00:50:22,000
Speaker 1: So now, what gave you confidence that bitcoin is a

875
00:50:22,039 --> 00:50:25,320
product of the free market or of just spontaneous order

876
00:50:25,559 --> 00:50:29,360
or of some of a god given gift as opposed

877
00:50:29,360 --> 00:50:33,400
to like a honeypot or an intelligence operation. Of course,

878
00:50:33,400 --> 00:50:36,880
there's stories of Gavin and Dreesen and early bitcoin developer

879
00:50:36,960 --> 00:50:40,000
visiting the CIA to explain to them what bitcoin was

880
00:50:40,039 --> 00:50:43,360
all about. Shortly there after, Satoshi leaves the project, and

881
00:50:43,440 --> 00:50:47,559
then there's been a long standing rumor that the NSA

882
00:50:47,679 --> 00:50:50,239
created Bitcoin, and I know a lot of the American

883
00:50:50,280 --> 00:50:55,440
conservatives automatically say that it's like it's probably got some

884
00:50:55,559 --> 00:50:57,559
nefarious back story.

885
00:50:57,880 --> 00:50:59,960
Speaker 3: So what gave you the confidence that this isn't the case?

886
00:51:01,519 --> 00:51:03,760
Speaker 2: Great question. So when I first heard about bitcoin, that

887
00:51:03,880 --> 00:51:06,440
was kind of my default was just to assume that

888
00:51:06,760 --> 00:51:10,599
anything like that has to be inherently bad or evil.

889
00:51:10,960 --> 00:51:13,239
And I didn't even wrote a blog piece maybe in

890
00:51:13,280 --> 00:51:16,239
twenty thirteen or fourteen saying that like I didn't know

891
00:51:16,280 --> 00:51:17,960
anything about it. Really about was just like I would

892
00:51:17,960 --> 00:51:19,800
be weary of this, This is, you know, some kind

893
00:51:19,840 --> 00:51:23,800
of a trick. And that was because at that time,

894
00:51:25,480 --> 00:51:28,519
you know, it was right around you know, Obama had

895
00:51:28,519 --> 00:51:31,039
been in for a year, and I think everybody's expectations

896
00:51:31,079 --> 00:51:34,280
about the economy in general were pretty bad with Obama

897
00:51:36,079 --> 00:51:39,280
and then I think that you know that we'd had

898
00:51:39,320 --> 00:51:42,159
the collapse housing collapse in two thousand and eight and nine,

899
00:51:42,199 --> 00:51:47,480
and so everybody there was just a very dismal outlook.

900
00:51:47,920 --> 00:51:50,519
You know, the public confidence was very dismal in terms

901
00:51:50,519 --> 00:51:55,480
of the economy during the Obama administration. So all of

902
00:51:55,519 --> 00:51:58,920
those things probably affected why I was just very reticent initially,

903
00:51:59,320 --> 00:52:01,039
and I just didn't know what I was talking about.

904
00:52:01,119 --> 00:52:05,320
And over time, what did I hear. I don't know

905
00:52:05,320 --> 00:52:07,400
that I even heard one specific thing, but I remember

906
00:52:07,480 --> 00:52:10,760
in twenty seventeen, when I noticed bitcoin going up, I

907
00:52:10,800 --> 00:52:13,599
was like, well, you know, why is it going up

908
00:52:13,679 --> 00:52:16,599
if it's you know, this this big scam, and you know,

909
00:52:16,639 --> 00:52:18,480
are they just pumping at the dump it? And I

910
00:52:18,519 --> 00:52:21,480
remember all of the news at that time was really

911
00:52:21,519 --> 00:52:25,079
just hammering away at it. So my first suspicion that

912
00:52:25,159 --> 00:52:27,840
maybe this isn't that bad is well, if the system

913
00:52:27,920 --> 00:52:30,760
is constantly attacking it, trying to destroy it, constantly talking

914
00:52:30,760 --> 00:52:33,320
about how much of a scam it is, I know,

915
00:52:33,400 --> 00:52:37,360
the system is constantly lying, well, why why would they

916
00:52:37,440 --> 00:52:41,639
be saying that? So if the news is just blowney

917
00:52:42,039 --> 00:52:45,920
and the central banks hate bitcoin, why, I mean, is

918
00:52:45,960 --> 00:52:49,440
this a long scheme of oh, they're really attacking bitcoin

919
00:52:49,480 --> 00:52:51,480
because they want you to get bitcoin, so and so

920
00:52:51,840 --> 00:52:54,920
that I just started doubting that approach, that it wasn't

921
00:52:54,960 --> 00:52:58,599
that wasn't very likely and very tenable. Yes, maybe they

922
00:52:58,639 --> 00:53:01,760
could be playing a sixty six degree chess game where

923
00:53:01,760 --> 00:53:03,280
they want you to buy a bitcoins so they can

924
00:53:03,320 --> 00:53:06,559
destroy it down the road. But it just didn't make

925
00:53:06,599 --> 00:53:09,039
sense because the more I would hear you know, these

926
00:53:09,039 --> 00:53:13,559
boomer Charlie Mungers and Dan Pena or whatever his name is,

927
00:53:13,679 --> 00:53:17,199
and Warren Buffett, when I would hear them attack it,

928
00:53:17,280 --> 00:53:19,719
I would hear them saying stuff that made no sense.

929
00:53:19,760 --> 00:53:21,719
Say and no, they didn't know what they were talking about.

930
00:53:21,960 --> 00:53:24,199
So more I would learn about bitcoin, the more, well,

931
00:53:24,199 --> 00:53:26,480
they don't know what they're talking why that doesn't make sense.

932
00:53:26,519 --> 00:53:29,159
It's a stupid it's a bad argument. And as a philosopher,

933
00:53:29,159 --> 00:53:31,800
I try to recognize bad arguments. That's what we do,

934
00:53:31,920 --> 00:53:34,480
is look for fallacies. And so I would just notice

935
00:53:34,480 --> 00:53:38,480
more and more bad argumentation, bad reasons. And then I

936
00:53:38,679 --> 00:53:41,280
listened to Max for many, many years, even when I

937
00:53:41,280 --> 00:53:43,440
was skeptical a bitcoin, I hear I heard him talking

938
00:53:43,440 --> 00:53:45,400
about it way early on when it was like a dollar.

939
00:53:46,239 --> 00:53:48,480
I was still listening to Max's show all the time,

940
00:53:48,559 --> 00:53:52,280
and I knew his you know, take on central banking,

941
00:53:52,360 --> 00:53:56,559
and I remember in twenty fourteen or fifteen, I went

942
00:53:56,639 --> 00:54:01,199
through about maybe one hundred episodes of Max's shows, and

943
00:54:01,199 --> 00:54:04,079
I would take notes to try to learn more about economics.

944
00:54:04,079 --> 00:54:06,280
I went and I listened to hours and hours of

945
00:54:06,880 --> 00:54:10,079
Peter Schiff's podcast. I would listen to his lectures taking notes,

946
00:54:10,119 --> 00:54:12,880
and so I just really wanted to learn more about economics,

947
00:54:12,920 --> 00:54:15,000
and the more I heard from Max, I just felt

948
00:54:15,039 --> 00:54:17,559
like he had a much better argument, a better case

949
00:54:18,119 --> 00:54:20,000
for a bitcoin as opposed to the things I was

950
00:54:20,039 --> 00:54:23,199
hearing from critics like Peter Schiff, who I still liked

951
00:54:23,199 --> 00:54:26,239
on gold and stuff. But I read Peter Shifts books

952
00:54:26,280 --> 00:54:28,719
over the years too, and I just felt like Max

953
00:54:28,760 --> 00:54:32,039
had better augmentation. As a philosopher, I could judge who

954
00:54:32,039 --> 00:54:36,400
had the better argument, who had a more logical presentation overall,

955
00:54:36,920 --> 00:54:40,920
And so eventually I just got into it. In terms

956
00:54:40,960 --> 00:54:44,079
of it from an investing perspective, I wasn't really that

957
00:54:44,199 --> 00:54:47,880
philosophically invested. I was just interested in how can I

958
00:54:48,039 --> 00:54:50,480
put the money that I'm making into something that's not

959
00:54:50,519 --> 00:54:54,280
going to lose value through inflation, you know, crazy inflation

960
00:54:54,519 --> 00:54:57,159
over a year or over two years, And so it

961
00:54:57,239 --> 00:55:02,079
was just purely pragmatically motivated. In twenty seven. I got

962
00:55:02,079 --> 00:55:04,519
scared again when we had the crash in twenty seventeen

963
00:55:04,599 --> 00:55:07,800
from nineteen thousand down to three or whatever it was eventually,

964
00:55:08,719 --> 00:55:11,079
and so but I was still very ignorant. I didn't

965
00:55:11,079 --> 00:55:13,039
know much about it, what it was while we were

966
00:55:13,079 --> 00:55:16,039
doing this, and then over time I would kind of,

967
00:55:16,039 --> 00:55:17,679
you know, buy a little more and kind of play

968
00:55:17,719 --> 00:55:20,880
around and experimenting with trading a little bit here and

969
00:55:20,920 --> 00:55:23,719
there and learning more about it, and eventually it just

970
00:55:24,400 --> 00:55:27,800
I saw. Another thing that was a big vindicator for me.

971
00:55:28,159 --> 00:55:33,280
Was vindication was how you would if you followed this

972
00:55:33,360 --> 00:55:38,719
stuff from news in twenty ten, eleven, twelve to now,

973
00:55:38,960 --> 00:55:43,440
you have seen the same thood recycled. And so when

974
00:55:43,480 --> 00:55:47,199
I saw, like, I've seen this for twelve years, ten years,

975
00:55:47,440 --> 00:55:50,800
this is a stupid argument that they just recycle every

976
00:55:50,840 --> 00:55:53,800
couple of years or even every year. And so one

977
00:55:53,840 --> 00:55:55,880
by one, all of the objections just fell away, and

978
00:55:55,920 --> 00:55:57,960
it was just like, that's a dumb argument. That's I've

979
00:55:57,960 --> 00:56:00,960
heard that for twelve years. China, Oh, John, and they

980
00:56:01,079 --> 00:56:02,719
just hear the same dumb arguments over and over and

981
00:56:02,800 --> 00:56:06,639
over it's a Ponzi scheme, and you realize, no, the

982
00:56:06,639 --> 00:56:09,840
fiat system is a Ponzi scheme, not Bitcoin, right, So

983
00:56:10,199 --> 00:56:12,159
over and over and over it would, they would. The

984
00:56:12,159 --> 00:56:17,119
dejections just fell away. And then I met certain people

985
00:56:17,199 --> 00:56:24,400
who were involved in coding, who were involved in early bitcoin,

986
00:56:24,559 --> 00:56:29,760
who were involved in engineering, and they explained a lot

987
00:56:29,800 --> 00:56:32,599
of stuff I didn't know and just made it even

988
00:56:32,719 --> 00:56:37,559
more coherent and clear for me. So it's a learning

989
00:56:37,599 --> 00:56:40,239
curve that we all go through. Not that I've gotten,

990
00:56:40,400 --> 00:56:42,800
I mean, that's still a lot I don't know, but

991
00:56:44,159 --> 00:56:45,599
you know, that's what it takes to be ahead of

992
00:56:45,599 --> 00:56:47,519
the ahead of the curve. That's what it's. I mean,

993
00:56:48,079 --> 00:56:51,000
even twenty seventeen is for most people ahead of the curve,

994
00:56:51,079 --> 00:56:55,760
because you know, we're still early in bitcoin. I think

995
00:56:55,840 --> 00:56:58,360
I think we're going to see obviously bitcoin going to

996
00:56:58,920 --> 00:57:01,880
I don't know when, but you know, ultimately eventually be

997
00:57:01,920 --> 00:57:04,440
a million dollars, probably in five to ten years at least,

998
00:57:06,039 --> 00:57:09,880
especially if the existing system continues with its spiraling out

999
00:57:09,880 --> 00:57:13,079
of control madness. So yeah, that's a long Sorry, that's

1000
00:57:13,079 --> 00:57:18,760
a long winded reply to just a long period of research.

1001
00:57:19,800 --> 00:57:22,239
The more that I got involved in, you know, trading

1002
00:57:22,239 --> 00:57:25,039
cryptos and moving this there and doing this and that,

1003
00:57:25,239 --> 00:57:27,719
experimenting with this, the more the more confident you get.

1004
00:57:27,880 --> 00:57:30,159
I remember the first time I bought the coiners really nervous, like,

1005
00:57:30,159 --> 00:57:32,880
are they gonna take my money? My money's going to disappear?

1006
00:57:33,079 --> 00:57:35,639
But so over time, you you know, you get confident

1007
00:57:35,679 --> 00:57:38,079
and comfortable with it, and you're not as worried. So

1008
00:57:38,199 --> 00:57:40,559
it was just a just education.

1009
00:57:40,679 --> 00:57:45,079
Speaker 1: Really Max posits this as like a new renaissance. Do

1010
00:57:45,119 --> 00:57:47,559
you have the same hope or outlook?

1011
00:57:48,880 --> 00:57:51,639
Speaker 2: So I think I listened to a lot of Michael

1012
00:57:51,639 --> 00:57:54,880
Saylor's talks and podcasts, many many hours of that over

1013
00:57:54,920 --> 00:57:58,360
the last year, and he made a lot of good

1014
00:57:58,400 --> 00:58:01,800
arguments why they could be the case. I think the

1015
00:58:01,840 --> 00:58:07,440
potential is there, but whether we will act on that

1016
00:58:07,719 --> 00:58:08,440
is I don't know.

1017
00:58:12,320 --> 00:58:17,559
Speaker 1: What's your hope for the future of humanity.

1018
00:58:20,920 --> 00:58:22,039
Speaker 3: A return to.

1019
00:58:23,559 --> 00:58:26,880
Speaker 2: Traditional organic ways of living, I think is the best hope.

1020
00:58:27,599 --> 00:58:30,400
And obviously, you know, economy is a huge part of that.

1021
00:58:32,199 --> 00:58:39,159
The way that we what we live for diet, where

1022
00:58:39,199 --> 00:58:45,119
we live, not being in mega cities, not that it's

1023
00:58:45,119 --> 00:58:47,440
inherently wrong to be in a city. But I think

1024
00:58:47,519 --> 00:58:52,000
as things degrade as they try to bring in this reset,

1025
00:58:52,840 --> 00:58:55,079
big cities are going to be really difficult to be in.

1026
00:58:55,679 --> 00:58:58,400
So it might be better for people, at least in

1027
00:58:58,440 --> 00:59:00,599
the near term, to you know, try how to get

1028
00:59:01,079 --> 00:59:03,519
into the countryside. That kind of a thing. I usually

1029
00:59:03,519 --> 00:59:08,039
advocate that kind of stuff, you know, having as being

1030
00:59:08,079 --> 00:59:11,519
as self sufficient as you can in terms of feeding yourself.

1031
00:59:11,719 --> 00:59:15,559
Most of my friends are into homesteading. I live in

1032
00:59:15,559 --> 00:59:17,199
the country and I don't have a homestead. I'm not

1033
00:59:17,239 --> 00:59:19,280
a farmer. I'm not a farming kind of dude. But

1034
00:59:19,679 --> 00:59:21,239
a lot of people have found that to be a

1035
00:59:21,280 --> 00:59:24,119
good avenue, especially if they have, you know, a lot

1036
00:59:24,119 --> 00:59:28,679
of kids. So I believe in self defense. I believe

1037
00:59:28,719 --> 00:59:32,760
in you know, owning guns, goal, living outside of cities,

1038
00:59:32,880 --> 00:59:35,519
having your own land, being as self sufficient as you

1039
00:59:35,559 --> 00:59:38,719
can in terms of not on the grid, so to speak.

1040
00:59:39,280 --> 00:59:43,079
That's the best hope for us now and in the

1041
00:59:43,079 --> 00:59:43,519
long run.

1042
00:59:44,599 --> 00:59:46,880
Speaker 1: One of the refrains about bitcoin is that it empowers

1043
00:59:46,920 --> 00:59:49,519
everyone to be their own bank, or be their own

1044
00:59:49,559 --> 00:59:52,800
central bank. Does that play into this idea of self

1045
00:59:52,840 --> 00:59:54,119
sufficiency in your opinion?

1046
00:59:55,079 --> 00:59:58,239
Speaker 2: Absolutely? I mean when you understand what a central bank

1047
00:59:58,360 --> 01:00:03,639
is in terms of the scammery and the Fiat theft,

1048
01:00:04,800 --> 01:00:07,360
then you realize, well, now, wait a minute, shouldn't I

1049
01:00:07,599 --> 01:00:10,880
be in charge of my own value? Shouldn't I be

1050
01:00:10,920 --> 01:00:16,519
in charge of my own capital accumulation? Yes? Why must

1051
01:00:16,559 --> 01:00:21,559
I have this amorphous, shady thing staring over me? And

1052
01:00:21,639 --> 01:00:24,760
I think the way you call it a cartel? That reminds

1053
01:00:24,760 --> 01:00:30,079
me that in Quigley's traging hope, that's what he says.

1054
01:00:30,119 --> 01:00:35,239
He says that the official geopolitical model for the system

1055
01:00:35,239 --> 01:00:38,159
that we're under is a cartel. It's a central banking cartel.

1056
01:00:38,960 --> 01:00:42,639
So it's an organized crime cartel. And when you understand

1057
01:00:42,639 --> 01:00:45,480
it that way, then you understand exactly what you're saying.

1058
01:00:46,960 --> 01:00:50,280
It's basically another type of slavery. It's a covert type

1059
01:00:50,280 --> 01:00:54,320
of slavery. So yeah, shouldn't I be in charge of

1060
01:00:54,360 --> 01:00:56,119
the capital and the money that I make just as

1061
01:00:56,199 --> 01:00:58,760
much as I'm in charge of the land that I own.

1062
01:01:00,880 --> 01:01:03,920
Speaker 1: So silver is written up in the Constitution. We're supposed

1063
01:01:03,920 --> 01:01:06,000
to be on a biometallic standard gold and silver. I

1064
01:01:06,039 --> 01:01:09,239
still believe the American conservative movement should adopt silver. With

1065
01:01:09,320 --> 01:01:13,280
an activist mindset. I think in the countryside you're a

1066
01:01:13,360 --> 01:01:16,320
lot closer to getting small business owners to accept silver

1067
01:01:16,880 --> 01:01:19,800
for their products and services than in the city. And

1068
01:01:19,840 --> 01:01:22,039
I think that's actually less of a pipe room than

1069
01:01:22,039 --> 01:01:24,719
many people think. Look at what we've seen with bitcoin,

1070
01:01:24,760 --> 01:01:28,159
for instance, over the last ten years, and I think

1071
01:01:28,199 --> 01:01:32,960
that the silver community can adopt this attitude that the

1072
01:01:33,000 --> 01:01:36,719
bitcoin community has taken. And some older critiques of Bitcoin

1073
01:01:36,800 --> 01:01:39,639
that I've heard from older gentlemen is something like, look,

1074
01:01:39,920 --> 01:01:42,119
I'm a little old to be getting into that bitcoin stuff,

1075
01:01:42,119 --> 01:01:44,840
because that's the equivalent of storming the beaches at Normandy.

1076
01:01:45,280 --> 01:01:47,320
Speaker 3: And that's why we need young people so that they're

1077
01:01:47,360 --> 01:01:49,000
the ones that take up these projects.

1078
01:01:49,239 --> 01:01:52,119
Speaker 1: And I still while thinking, well, I think gold and silver,

1079
01:01:52,840 --> 01:01:57,239
particularly silver bugs could adopt this mentality, and in many

1080
01:01:57,280 --> 01:02:00,679
ways that mentality was drained from that movement and into Bitcoin.

1081
01:02:01,000 --> 01:02:04,039
With that aside, Bitcoin has adopted that movement. It is

1082
01:02:04,159 --> 01:02:07,719
essentially skeptical of central banks. It's a skeptical of the

1083
01:02:07,760 --> 01:02:10,119
debt based system. It's always ahead of the curb on

1084
01:02:10,159 --> 01:02:13,000
the economic news as well. Inflation was a story at

1085
01:02:13,000 --> 01:02:17,079
Bitcoin twenty twenty one, before it was the story in

1086
01:02:17,159 --> 01:02:22,960
every popular culture. Exactly So that said, any further comments

1087
01:02:23,000 --> 01:02:25,760
on the world.

1088
01:02:27,320 --> 01:02:30,280
Speaker 2: Yeah, I think just again that when we one of

1089
01:02:30,320 --> 01:02:32,360
the things I've highlighted in the last couple of years

1090
01:02:32,719 --> 01:02:38,719
is studying organized crime and studying the international geopolitical power

1091
01:02:38,719 --> 01:02:43,239
clicks and power blocks, and through studying organized crime at

1092
01:02:43,239 --> 01:02:45,599
a local level, the history of the Sicilian mafia, the

1093
01:02:45,639 --> 01:02:48,159
history of other mafia is how they work, how they operate,

1094
01:02:48,360 --> 01:02:51,480
how that cartel works, as you're talking about, as well

1095
01:02:51,480 --> 01:02:54,920
as drug cartels for example, we start to realize that, wow,

1096
01:02:55,000 --> 01:02:57,440
they seem to be really similar to the central banks, right,

1097
01:02:57,480 --> 01:02:59,800
I mean, they're really just the big cartels, right, and

1098
01:03:00,119 --> 01:03:02,519
then there's the little cartel. So when we begin to

1099
01:03:02,599 --> 01:03:05,519
understand that that's really what's going on, that's the reality

1100
01:03:05,559 --> 01:03:10,199
of things on the ground, then we can reevaluate our

1101
01:03:10,679 --> 01:03:14,840
approach to the world on the basis of the hard facts,

1102
01:03:14,920 --> 01:03:19,039
the hard reality. And that's my bigcoint is an answer

1103
01:03:19,440 --> 01:03:22,719
economically speaking to a lot of the problems. It's not

1104
01:03:22,840 --> 01:03:25,679
every an answer to everything, but and by extension, yes,

1105
01:03:25,760 --> 01:03:30,840
gold and silver as well. And that's really the takeaway here.

1106
01:03:30,880 --> 01:03:33,960
So what I do a lot of times is I

1107
01:03:34,159 --> 01:03:36,840
lecture through the writings of the elite so called for

1108
01:03:36,840 --> 01:03:39,000
the last one hundred years, kind of do a summary

1109
01:03:39,039 --> 01:03:40,400
of those books because a lot of people don't have

1110
01:03:40,480 --> 01:03:43,559
time to read all these big, boring global elite books.

1111
01:03:43,840 --> 01:03:45,960
And what you start to realize when you read fifty

1112
01:03:46,039 --> 01:03:49,719
sixty of these is that's really what's going on. It's

1113
01:03:49,800 --> 01:03:53,559
cartels writing things, keeping people in the dark, tricking people,

1114
01:03:53,760 --> 01:03:59,320
using all the scams at their disposal to steal your

1115
01:03:59,559 --> 01:04:02,239
value and your energy over time. That's it. That's how

1116
01:04:02,280 --> 01:04:05,679
it works. That's how the system works. So educating people,

1117
01:04:06,000 --> 01:04:08,280
getting people to make the right decisions, getting people to

1118
01:04:08,599 --> 01:04:11,360
one thing I didn't grow up with that Bitcoin and

1119
01:04:11,519 --> 01:04:15,119
gold and silver taught me it was saving because they

1120
01:04:15,159 --> 01:04:19,000
don't incentivize saving when you have what a banks give you,

1121
01:04:19,039 --> 01:04:22,440
like a negative interest rare, like like you get like

1122
01:04:22,480 --> 01:04:24,840
a two percent say, I don't know a zero point five.

1123
01:04:24,880 --> 01:04:26,519
I don't know what it is, but it's not even

1124
01:04:26,559 --> 01:04:30,119
worth And that's on purpose, as the some of the

1125
01:04:30,159 --> 01:04:32,159
white peoples even say, is that they want to de

1126
01:04:32,239 --> 01:04:35,880
incentivize saving money. And one of the things that you

1127
01:04:35,960 --> 01:04:40,679
mentioned HG. Wells and like the socialist technocrats from one

1128
01:04:40,719 --> 01:04:43,840
hundred years ago, they discussed that when they roll out

1129
01:04:43,880 --> 01:04:48,360
the universal basic income. One of the tricks it would

1130
01:04:48,400 --> 01:04:52,559
be to have the UBI that you get it goes

1131
01:04:52,599 --> 01:04:55,840
away after a week, and that means you can't save

1132
01:04:55,880 --> 01:04:59,079
it up because for you to save up wealth, value,

1133
01:04:59,320 --> 01:05:02,519
energy over time time is for you to have your

1134
01:05:02,519 --> 01:05:06,400
own firewall, to have a defense mechanism against the tyrannical system.

1135
01:05:06,760 --> 01:05:09,920
And obviously one of the if the system can disarm

1136
01:05:10,000 --> 01:05:13,360
you from that, then you're no longer a threat. So

1137
01:05:14,800 --> 01:05:16,199
that's that's the key takeaway here.

1138
01:05:16,239 --> 01:05:19,519
Speaker 1: I think we've had the honor and privilege of sitting

1139
01:05:19,519 --> 01:05:22,360
down today with j Dyer of jasanalysis dot com. You

1140
01:05:22,400 --> 01:05:25,800
can also find him on YouTube at Jay Dyer. Is

1141
01:05:25,800 --> 01:05:28,119
there anywhere else people can find you Jay.

1142
01:05:29,199 --> 01:05:31,880
Speaker 2: All the other ones just under my name, and then yeah,

1143
01:05:32,159 --> 01:05:34,199
you can find me also on Rockfinn. Rockfin is a

1144
01:05:34,239 --> 01:05:38,320
really awesome free speech based platform. So a lot of

1145
01:05:38,320 --> 01:05:40,280
my content, a lot of exclusive stuff is over there

1146
01:05:40,320 --> 01:05:42,199
on Rockfin is free to sign up. And then there's

1147
01:05:42,280 --> 01:05:43,960
you know, if you it's kind of like Netflix, or

1148
01:05:44,000 --> 01:05:46,239
if you pay you get access to all the creators

1149
01:05:46,840 --> 01:05:51,519
uh paywall content. And then I also host the fourth

1150
01:05:51,559 --> 01:05:53,719
hour of the A L e X j O n

1151
01:05:53,760 --> 01:05:54,519
E S show.

1152
01:05:55,880 --> 01:05:58,559
Speaker 1: Thank you so much for joining us today, absolutely thank you,

1153
01:05:58,880 --> 01:06:00,000
and thank you everyone for listening.

1154
01:06:00,079 --> 01:06:00,239
Speaker 3: Then