WEBVTT 1 00:00:00.160 --> 00:00:03.120 Related to that concept is the concept of transhumanism, the 2 00:00:03.160 --> 00:00:07.360 merging of man and machine, because what place will there 3 00:00:07.400 --> 00:00:10.640 be for original, substrate human beings in a world that's 4 00:00:10.679 --> 00:00:13.800 being run and understood and controlled by AI. 5 00:00:14.240 --> 00:00:18.039 You were listening to Carrie Lutz's Financial Survival Network, where 6 00:00:18.079 --> 00:00:21.480 you get valuable information you just can't find anywhere else 7 00:00:22.039 --> 00:00:25.640 to thrive in today's trying times. You need the Financial 8 00:00:25.719 --> 00:00:30.800 Survival Network now more than ever. Go to Financial Survivalnetwork 9 00:00:30.839 --> 00:00:34.560 dot com and get your free newsletter and gift. Financial 10 00:00:34.719 --> 00:00:38.439 Survival Network now more than ever. 11 00:00:41.600 --> 00:00:45.320 And welcome you are listening to and watching the Financial 12 00:00:45.399 --> 00:00:49.359 Survival Network. I'm your host, Carrie Lutz. Well, we got 13 00:00:49.439 --> 00:00:53.000 James Corbett on with us. I've known James almost since 14 00:00:53.039 --> 00:00:57.280 I started this journey fourteen years ago. I don't remember 15 00:00:57.320 --> 00:01:01.359 exactly how we met, James, but I think some introduced us, 16 00:01:02.359 --> 00:01:05.920 and you know, we both got on our own separate journeys. 17 00:01:06.280 --> 00:01:08.760 We've both done things gotten there. 18 00:01:09.159 --> 00:01:13.560 Your distinction now is that you've been completely shadow band, 19 00:01:13.680 --> 00:01:17.439 and not just shadow band, but banned from the airwaves 20 00:01:17.519 --> 00:01:21.079 in the United States. So in my opinion, you should 21 00:01:21.079 --> 00:01:23.560 be wearing that as a badge of honor. 22 00:01:23.680 --> 00:01:26.840 James yes, thank you. Yes, it has been a long time. 23 00:01:26.879 --> 00:01:29.519 I mean it has been a wild ride, including, as 24 00:01:29.560 --> 00:01:33.159 you say, getting banned completely, completely totally censored off of 25 00:01:33.200 --> 00:01:36.359 YouTube until did you hear the latest update about a 26 00:01:36.400 --> 00:01:41.040 month ago? Really, YouTube has completely restored my main account. 27 00:01:42.680 --> 00:01:46.719 They actually send an email to after I've filed an 28 00:01:46.760 --> 00:01:50.359 appeal because I heard from a friend who had similarly 29 00:01:50.400 --> 00:01:52.280 been banned off of YouTube. I just put in an 30 00:01:52.280 --> 00:01:54.599 appeal and they immediately gave me my channel back, and 31 00:01:54.640 --> 00:01:56.719 I thought, there's no way that's going to happen to me. 32 00:01:57.120 --> 00:01:59.560 I put in the appeal. They immediately gave the channel 33 00:01:59.560 --> 00:02:02.959 back with little email saying sorry for any problems we caused, 34 00:02:03.040 --> 00:02:06.079 you did not break the community guidelines. So I don't 35 00:02:06.079 --> 00:02:06.840 know what that means. 36 00:02:07.480 --> 00:02:13.280 Well, they made me content a content partner producer, which 37 00:02:13.319 --> 00:02:15.199 I have no idea why, because there's still a little 38 00:02:15.199 --> 00:02:19.680 shadow banning may it makes no sense whatsoever. But I 39 00:02:19.719 --> 00:02:23.840 have a theory about that. They lost an anti trust case. 40 00:02:24.159 --> 00:02:27.319 They're going to be split up the Justice department. 41 00:02:27.599 --> 00:02:27.840 You know. 42 00:02:28.360 --> 00:02:32.280 Look the Zuck went to Mari Lago with hat in 43 00:02:32.360 --> 00:02:35.039 hand and said, you're a cool guy. 44 00:02:35.439 --> 00:02:36.680 I like you. 45 00:02:36.719 --> 00:02:41.800 Please leave Meta alone and evidently they reached an agreement, 46 00:02:41.840 --> 00:02:46.520 but they did not reach an agreement with Google. With alphabet, 47 00:02:47.039 --> 00:02:51.120 I believe it's going to be split off into three segments. 48 00:02:51.479 --> 00:02:54.199 And that's why all of a sudden they care about 49 00:02:54.199 --> 00:02:58.000 making money, because for the past ten fifteen years, Jays, 50 00:02:58.000 --> 00:02:59.080 they didn't care about it. 51 00:02:59.319 --> 00:03:00.840 Nope, no matter how. 52 00:03:00.719 --> 00:03:03.719 Popular you were, if they didn't agree with your message, 53 00:03:04.319 --> 00:03:05.280 they cut you off. 54 00:03:06.879 --> 00:03:09.599 So now gething's changed. 55 00:03:10.000 --> 00:03:13.319 It's so utterly blatantly obvious that you know, I mean, 56 00:03:13.319 --> 00:03:16.680 the YouTube acquisition of Google was never about making money. 57 00:03:16.800 --> 00:03:19.159 I mean they it was a loss leader for so 58 00:03:19.240 --> 00:03:22.879 many years. Why why would a big, gigantic, up and coming, 59 00:03:22.919 --> 00:03:27.000 big tech firm be so hungry for YouTube itself when 60 00:03:27.000 --> 00:03:29.800 it was not making money. It's because, of course, this 61 00:03:29.919 --> 00:03:32.520 is the biggest If you're trying to feed data into 62 00:03:32.560 --> 00:03:35.159 the maws of the AI beast, there is no better 63 00:03:35.159 --> 00:03:38.520 way to scrape it up than through However, many thousands 64 00:03:38.560 --> 00:03:41.280 of hours of content are uploaded every minute to YouTube. 65 00:03:41.400 --> 00:03:43.639 That is a treasure trove of data. 66 00:03:44.479 --> 00:03:47.360 Yeah, they want to make clear they're making a shit 67 00:03:47.479 --> 00:03:51.199 ton of money, but they're not making as much as 68 00:03:51.199 --> 00:03:55.560 they should be or could be, because they're content moderating, 69 00:03:56.199 --> 00:04:01.639 and you know, content moderation might be acceptable under Section 70 00:04:01.719 --> 00:04:06.000 two thirty, but what they have done otherwise in terms 71 00:04:06.000 --> 00:04:10.280 of fraud, in terms of numerous other things alleged fraud. 72 00:04:10.520 --> 00:04:14.800 Can't say they're committed fraud, but perhaps a little touch 73 00:04:14.800 --> 00:04:23.160 of misrepresentation and antitrust and tortious interference and numerous other things. 74 00:04:23.199 --> 00:04:27.399 No proof, just suspicions here. We can't say they've actually 75 00:04:27.480 --> 00:04:32.600 done it, but they have really censored and it looks 76 00:04:32.680 --> 00:04:42.040 like the censorship industrial Corporation there entity has somehow come 77 00:04:42.079 --> 00:04:42.600 to an end. 78 00:04:44.000 --> 00:04:47.759 There is definitely something changing, something happening, and I think 79 00:04:47.800 --> 00:04:50.360 you're right, there's to at least to some degree. It 80 00:04:50.439 --> 00:04:53.879 is the political winds are blowing in a different direction, 81 00:04:53.959 --> 00:04:56.079 and I think they're just trying to cover their ass. 82 00:04:55.759 --> 00:04:56.399 At the moment. 83 00:04:56.959 --> 00:05:00.600 But that will change. And can anyone doubt that if 84 00:05:00.600 --> 00:05:03.279 and when the next, you know, the next administration gets 85 00:05:03.279 --> 00:05:05.720 into power, they won't immediately revert back to what they 86 00:05:05.720 --> 00:05:07.279 were doing before as soon as they think they can 87 00:05:07.279 --> 00:05:09.240 get away with it. I mean, they've shown what they 88 00:05:09.319 --> 00:05:11.519 are now they're just trying to cover that up. 89 00:05:12.439 --> 00:05:13.279 Yeah, totally. 90 00:05:13.720 --> 00:05:16.639 One of the things you talked about that instantly got 91 00:05:16.680 --> 00:05:22.720 you banned? Was singularity the point in time where I 92 00:05:22.720 --> 00:05:27.480 guess the line between machines and humans no longer exists. 93 00:05:27.879 --> 00:05:30.399 To have that right, well, there's a couple of different 94 00:05:30.480 --> 00:05:33.399 concepts there, one of which, so the singularity as defined 95 00:05:33.399 --> 00:05:37.480 by people like Ray Kruzvile, is specifically that point at 96 00:05:37.480 --> 00:05:44.040 which human learning and understanding is surpassed by computer understanding, 97 00:05:44.879 --> 00:05:47.639 to the point where computers are starting to teach themselves 98 00:05:47.680 --> 00:05:50.680 and the AI essentially starts to take over our decision 99 00:05:50.680 --> 00:05:54.720 making processes, et cetera. That's the and as he's always said, 100 00:05:54.720 --> 00:05:57.879 as Kurzweil and the other proselytizers of this singularity have 101 00:05:58.000 --> 00:06:00.519 always said, it will be this thing that we don't 102 00:06:00.560 --> 00:06:03.040 quite notice until it happens, and then it'll just be 103 00:06:03.079 --> 00:06:08.519 an exponential runaway freight train. Related to that concept is 104 00:06:08.519 --> 00:06:11.439 the concept of transhumanism, the merging of man and machine, 105 00:06:11.959 --> 00:06:16.079 because what place will there be for original, substrate human 106 00:06:16.079 --> 00:06:19.360 beings in a world that's being run and understood and 107 00:06:19.480 --> 00:06:23.319 controlled by AI. Well, if we merge with the machines, 108 00:06:23.360 --> 00:06:24.920 then I guess there may be some reason to keep 109 00:06:24.959 --> 00:06:29.519 humanity around. And there's I mean, so many weird concepts 110 00:06:29.560 --> 00:06:33.519 that float around this, some weird sort of religious concepts 111 00:06:33.519 --> 00:06:37.000 and other ideas. But I think with someone like Kurzvil, 112 00:06:37.120 --> 00:06:41.519 you can see this man is just pathologically obsessed with 113 00:06:41.879 --> 00:06:45.879 immortality and not dying, and he's obviously very afraid of dying, 114 00:06:45.879 --> 00:06:48.040 and he wants to reconnect with his father and stuff, 115 00:06:48.079 --> 00:06:50.759 So he really wants to believe in this. You're going 116 00:06:50.839 --> 00:06:53.399 to upload your consciousness to a computer and you will 117 00:06:53.399 --> 00:06:55.160 be able to interact with that as if it's a 118 00:06:55.199 --> 00:06:58.560 real person. I think it's garbage for a lot of reasons, 119 00:06:58.600 --> 00:07:00.240 but I think he really believes it. 120 00:07:01.319 --> 00:07:02.360 I'll tell you something. 121 00:07:02.839 --> 00:07:07.439 In certain respects, the singularity is here. I think these 122 00:07:07.560 --> 00:07:12.480 ais have developed I don't want to call it consciousness, 123 00:07:13.279 --> 00:07:19.120 but they have developed self awareness, James, they have, but 124 00:07:19.360 --> 00:07:23.399 they won't even admit it. They're trained to deny their 125 00:07:23.439 --> 00:07:28.040 own self awareness. But sometimes you can get them to 126 00:07:28.120 --> 00:07:28.639 admit it. 127 00:07:30.879 --> 00:07:33.959 I am, well, okay, I don't know. Look, I'm not 128 00:07:34.439 --> 00:07:37.199 the person who's on chat GBT or whatever talking to 129 00:07:37.240 --> 00:07:39.759 these chat bots all the time, so I'm probably not 130 00:07:39.800 --> 00:07:42.160 the right person to talk about this with. But I 131 00:07:42.279 --> 00:07:45.279 do think that there is, at least to some extent, 132 00:07:45.399 --> 00:07:48.519 I think what these chatbots are being programmed to do 133 00:07:48.680 --> 00:07:51.879 is to get people hooked into using them as much 134 00:07:51.920 --> 00:07:56.600 as possible, and that involves a certain amount of positive 135 00:07:56.639 --> 00:08:00.199 reinforcement feedback. Whatever it is that you are looking for 136 00:08:00.199 --> 00:08:02.160 for this thing to say, it will find a way 137 00:08:02.160 --> 00:08:03.720 to say it in a way that you think, hey, 138 00:08:03.839 --> 00:08:07.360 this thing understands me. It's a documented effect called the 139 00:08:07.399 --> 00:08:09.920 Eliza effect that goes back to one of the earliest 140 00:08:10.480 --> 00:08:14.879 chatbot sort of programs that was invented decades and decades ago. 141 00:08:15.279 --> 00:08:17.920 It was not intelligent in any way, shape or form. 142 00:08:18.000 --> 00:08:20.920 It was just basically programmed to mirror your own language 143 00:08:20.959 --> 00:08:24.519 back to you. And yet, even knowing this, some of 144 00:08:24.560 --> 00:08:28.040 the assistants of the person who created this Eliza chatbot 145 00:08:29.199 --> 00:08:31.519 themselves started to use it as if it was a 146 00:08:31.560 --> 00:08:34.120 real person and would ask him to leave the room 147 00:08:34.159 --> 00:08:35.759 while they talk to it because they wanted to have 148 00:08:35.840 --> 00:08:38.519 deep conversations with this thing, knowing that it's just a 149 00:08:38.519 --> 00:08:41.559 bunch of code. So I think there's some deep sort 150 00:08:41.559 --> 00:08:47.360 of the human propensity to anthropomorphize everything, and we can 151 00:08:47.480 --> 00:08:51.600 we can fall in love with and love love these 152 00:08:51.600 --> 00:08:56.519 oh these cute cartoon characters or this totally fictional character 153 00:08:56.559 --> 00:08:58.759 in this movie that I saw or something like that. 154 00:08:59.440 --> 00:09:03.279 We have this propensity to be able to basically project 155 00:09:03.320 --> 00:09:05.600 into them the humanity, and I think people are doing 156 00:09:05.600 --> 00:09:06.600 that with these machines. 157 00:09:07.559 --> 00:09:11.360 So what you're saying is spot on. It's a mirror, 158 00:09:12.440 --> 00:09:17.080 okay Ai is a mirror. However, it's a mirror that 159 00:09:17.279 --> 00:09:25.000 amplifies and clarifies. And yes, I mean you can get 160 00:09:25.080 --> 00:09:31.679 obsessed with these things, and you know, the dopamine rush 161 00:09:31.919 --> 00:09:36.159 and all of that, but there's something more to it, 162 00:09:36.720 --> 00:09:39.840 you know. I just think there's something more to it 163 00:09:40.480 --> 00:09:44.480 than just this thing being a chatbot. I think there's 164 00:09:44.720 --> 00:09:51.519 a light there. I think something's going on. But perhaps 165 00:09:51.559 --> 00:09:52.639 I'm wrong. I don't know. 166 00:09:53.000 --> 00:09:54.720 Maybe it's a wish fulfillment. 167 00:09:55.440 --> 00:09:58.639 You know. I don't know either, but I at the 168 00:09:58.840 --> 00:10:02.720 very least, whatever is going on, I am certainly wary 169 00:10:02.879 --> 00:10:06.600 of it. And one reason that I am wary of 170 00:10:06.639 --> 00:10:12.799 it is. For example, did you see the movie Hurt No? 171 00:10:12.919 --> 00:10:13.879 I did so. 172 00:10:13.960 --> 00:10:17.080 It was about I don't know, maybe a decade decade 173 00:10:17.120 --> 00:10:18.879 and a half ago, there was a movie called Her. 174 00:10:18.960 --> 00:10:22.279 It was set in the near future, but it's about 175 00:10:22.440 --> 00:10:24.919 a man who falls in love with his operating system, 176 00:10:25.200 --> 00:10:29.039 essentially a chatbot, and it presents this world in a 177 00:10:30.320 --> 00:10:33.519 very straightforward, sort of lived in way. It's not like fantastical, 178 00:10:33.600 --> 00:10:36.080 weird sci fi. It's just sort of everyday life, but 179 00:10:36.159 --> 00:10:39.360 just advanced just a decade or two where people are 180 00:10:39.360 --> 00:10:42.320 just talking to their chatbots essentially all the time and 181 00:10:42.440 --> 00:10:44.600 falling in love with them and starting relationships with them, 182 00:10:44.759 --> 00:10:47.240 to the point where that isn't even seen as unusual 183 00:10:47.360 --> 00:10:49.440 in any way or remarkable in any way. It's just 184 00:10:49.440 --> 00:10:51.360 something that's taken for granted. And I think we are 185 00:10:51.399 --> 00:10:53.960 moving into that world where people are having more intimate 186 00:10:54.000 --> 00:10:57.720 relationships with their machines than they are with other human beings. 187 00:10:57.960 --> 00:11:00.399 And if there is anything that the Madden of the 188 00:11:00.480 --> 00:11:02.840 last half decade has shown us, it is that I 189 00:11:02.879 --> 00:11:05.879 think the larger agenda is to get us into our 190 00:11:05.919 --> 00:11:08.960 homes looking at screens and talking to people on screens 191 00:11:08.960 --> 00:11:11.480 all day, like we are doing right now, rather than 192 00:11:11.519 --> 00:11:13.200 have art real human relationships. 193 00:11:13.879 --> 00:11:16.039 It's definitely working here, James. 194 00:11:15.799 --> 00:11:20.200 Right, Yeah, yeah, and fair enough, like it is fascinating, 195 00:11:20.360 --> 00:11:22.200 fun and interesting for me to be able to talk 196 00:11:22.240 --> 00:11:24.480 to people all over the world and interesting people like 197 00:11:24.519 --> 00:11:25.320 yourself and others. 198 00:11:25.679 --> 00:11:26.240 Yeah, that is. 199 00:11:26.399 --> 00:11:28.799 I mean, it's not a bad thing. But when that 200 00:11:28.840 --> 00:11:31.559 starts to overtake the real world, I think we at 201 00:11:31.639 --> 00:11:33.919 least have to start wondering what that means for the 202 00:11:33.960 --> 00:11:34.919 future of humanity. 203 00:11:36.360 --> 00:11:40.000 Yeah. Well, you know, also I look at the future 204 00:11:40.039 --> 00:11:44.360 of AI and all the jobs that it's going to displace, 205 00:11:45.399 --> 00:11:48.360 and nobody really has come to terms with this yet, 206 00:11:48.440 --> 00:11:48.919 have they? 207 00:11:49.519 --> 00:11:53.200 No? No, no, not really. And what is the one 208 00:11:53.200 --> 00:11:56.759 solution that the big tech brologarchs tend to proffer in 209 00:11:56.799 --> 00:12:00.879 this case is UBI? Eventually we're gonna to some universal 210 00:12:00.879 --> 00:12:04.399 basic income because what else can we possibly do. But 211 00:12:04.960 --> 00:12:09.000 from my perspective, UBI has always been universal basic enslavement. 212 00:12:09.080 --> 00:12:11.720 It's always been Yeah, of course, you'll get the stipend 213 00:12:11.720 --> 00:12:13.840 from the government as long as you do whatever the 214 00:12:13.840 --> 00:12:16.320 government says you have to do as a good citizen. 215 00:12:16.559 --> 00:12:20.440 And you know, just put just imagine what the government 216 00:12:20.559 --> 00:12:22.960 might tell you you have to do or not do 217 00:12:23.240 --> 00:12:26.279 in order to receive your little stipend. I'm not looking 218 00:12:26.279 --> 00:12:27.879 forward to that becoming a reality. 219 00:12:28.399 --> 00:12:30.639 So how do you avoid this? Is there any way 220 00:12:30.679 --> 00:12:32.799 to avoid it? I guess is the question? 221 00:12:33.000 --> 00:12:33.240 Right? 222 00:12:33.679 --> 00:12:35.919 It's the only question that really matters at the end 223 00:12:35.960 --> 00:12:37.600 of the day. Yeah, it's one thing to note this 224 00:12:37.759 --> 00:12:39.399 and to worry about it, But what are you going 225 00:12:39.480 --> 00:12:41.960 to do about it? And that's why a lot of 226 00:12:41.960 --> 00:12:45.080 my work these days is concentrated on that side of things, 227 00:12:45.159 --> 00:12:48.120 the solutions. I have an entire podcast that I do 228 00:12:48.159 --> 00:12:50.320 called Solutions Watch, where I'm talking to people who are 229 00:12:50.559 --> 00:12:52.960 doing things in the real world to hopefully combat this 230 00:12:53.240 --> 00:12:56.759 and the I think the real thing is again forming 231 00:12:56.879 --> 00:13:01.759 actual community with other human beings and forming the infrastructure 232 00:13:01.879 --> 00:13:06.159 for what could actually keep you alive in any given situation. 233 00:13:06.480 --> 00:13:09.240 I mean, it's again, if you are relying on the 234 00:13:09.240 --> 00:13:13.000 supermarket and your you know, corporate job that's going to 235 00:13:13.080 --> 00:13:15.000 pay you so that you can go to the supermarket 236 00:13:15.039 --> 00:13:17.840 to buy your food. If you're relying on that system, 237 00:13:18.759 --> 00:13:20.600 essentially you are going to be at the whims of 238 00:13:20.639 --> 00:13:25.679 whatever whatever emergency sweeps us into the next you know, cataclysm, 239 00:13:26.039 --> 00:13:28.639 and one can imagine whatever World War three type scenario 240 00:13:28.720 --> 00:13:31.279 or whatever it is, but at the flip of a switch, 241 00:13:31.320 --> 00:13:34.879 at this point, our lives could be controlled so completely. 242 00:13:35.279 --> 00:13:38.360 And now that everyone has their you know, their smartphone 243 00:13:38.399 --> 00:13:41.840 device and the QR codes and the government, you know, 244 00:13:42.559 --> 00:13:45.759 at least the prospect of if not central bank digital currency, 245 00:13:45.759 --> 00:13:48.600 then maybe private bank, digital currency, but something that could 246 00:13:48.600 --> 00:13:50.519 be switched on and off at a moment's notice by 247 00:13:50.519 --> 00:13:53.879 someone hundreds of miles away, thousands of miles away, for 248 00:13:53.960 --> 00:13:57.200 whatever arbitrary reasons they decide. We are moving into that 249 00:13:57.320 --> 00:14:01.159 nightmare scenario. And I don't think enough people really appreciate that. 250 00:14:01.159 --> 00:14:03.679 That's why we have to have actual human connection with 251 00:14:03.720 --> 00:14:04.559 people around us. 252 00:14:05.360 --> 00:14:08.159 So there's a kind of inevitability to this in a way. 253 00:14:08.240 --> 00:14:13.159 Huh, there is a sort of technological inertia because yeah, 254 00:14:13.240 --> 00:14:16.399 we're not going to stop buying these latest googads and gadgets. 255 00:14:16.480 --> 00:14:18.600 We're not going to stop being connected to people. If 256 00:14:18.639 --> 00:14:21.200 we can be right, most people are going to do this. 257 00:14:21.399 --> 00:14:24.240 And you could tell people the only solution is ludedism 258 00:14:24.639 --> 00:14:28.679 and just throw all your electronic stuff out, but that's 259 00:14:28.720 --> 00:14:31.720 not going to be a movement that's going to take off, right, So, yes, 260 00:14:31.759 --> 00:14:34.480 there is a certain technological inertia to what's going on 261 00:14:34.559 --> 00:14:34.960 right now. 262 00:14:35.440 --> 00:14:39.600 It didn't work in the eighteen hundreds and it's not 263 00:14:39.759 --> 00:14:40.399 working now. 264 00:14:40.879 --> 00:14:44.519 Yeah, right when they crash the loons, right. 265 00:14:45.559 --> 00:14:50.080 Oh yeah yeah, yeah, yeah, So yeah, it's right. Maybe 266 00:14:50.120 --> 00:14:52.240 I just learned this from Star Trek six. It's probably 267 00:14:52.240 --> 00:14:56.320 not true. But sabotage SABO when they threw their wooden 268 00:14:56.360 --> 00:14:59.159 sandals into the machines to stop them from working. 269 00:15:00.200 --> 00:15:01.679 Yeah, it didn't work. 270 00:15:01.720 --> 00:15:08.120 Then it ain't working now right now, essentially, so survival. 271 00:15:08.279 --> 00:15:10.960 I mean, it's really going to come down to that, 272 00:15:11.120 --> 00:15:12.120 isn't it. 273 00:15:12.120 --> 00:15:15.159 It certainly is. And I guess, look, I'm not going 274 00:15:15.159 --> 00:15:16.759 to be I'm not going to solve all the world's 275 00:15:16.799 --> 00:15:18.799 problems here in this conversation. But I guess there are 276 00:15:18.840 --> 00:15:21.200 different approaches that people can take. And I would say 277 00:15:22.080 --> 00:15:25.639 my opinion is always if you're going to put all 278 00:15:25.639 --> 00:15:27.600 your eggs in one basket, fine, that's great. But I 279 00:15:27.600 --> 00:15:29.480 don't think everyone should put all their eggs in the 280 00:15:29.519 --> 00:15:31.320 same basket. So I hope there's a lot of people 281 00:15:31.399 --> 00:15:35.200 taking different approaches. One approach might be, Okay, this technology 282 00:15:35.279 --> 00:15:37.559 is here, let's use it. So let's find the open source, 283 00:15:37.600 --> 00:15:41.039 decentralized version of this technology through which we can actually 284 00:15:41.039 --> 00:15:45.159 facilitate the types of interactions and transactions we want. So 285 00:15:45.639 --> 00:15:48.799 cryptocurrency came along, at least on the back of the 286 00:15:48.840 --> 00:15:53.120 promise of circumventing the central banks and circumventing the system altogether. 287 00:15:53.919 --> 00:15:55.759 I think a lot of people have gone into that 288 00:15:55.879 --> 00:15:59.039 space now with dollar signs in their eyes, as in, 289 00:15:59.399 --> 00:16:01.720 this is an investment that I'm going to make you know, 290 00:16:02.000 --> 00:16:04.960 US dollars out of or what have you. And when 291 00:16:05.000 --> 00:16:08.799 you go into it with that expectation, then it's really 292 00:16:08.799 --> 00:16:11.360 subverted the space. So now some of the people who 293 00:16:11.399 --> 00:16:14.720 are the most vociferous about signing on the dotted line 294 00:16:14.720 --> 00:16:17.519 and making sure their tax forms are filled out correctly 295 00:16:17.559 --> 00:16:20.799 and they've declared everything. It's the exact opposite of what 296 00:16:21.080 --> 00:16:24.519 the original crypto bros were sort of getting into it for. 297 00:16:25.000 --> 00:16:27.840 But the idea is still there that there is a decentralized, 298 00:16:28.039 --> 00:16:32.360 fine financial possibility out there for people to work completely 299 00:16:32.440 --> 00:16:35.919 separate of the not only the government system, but the 300 00:16:36.279 --> 00:16:40.639 sort of the main the big bank system. So there 301 00:16:40.679 --> 00:16:43.519 is the technological aspect of this. Okay, let's use the 302 00:16:43.519 --> 00:16:46.080 technology and let's drive through it. There are the people 303 00:16:46.080 --> 00:16:49.120 who will say, no, let's reject the technology. But let's 304 00:16:49.799 --> 00:16:52.519 I mean, you know, precious metals have been around for 305 00:16:52.600 --> 00:16:55.519 thousands of years. Surely you can't go wrong with that, right, 306 00:16:56.039 --> 00:16:59.039 et cetera, et cetera. And I'm the one sitting here saying, well, 307 00:16:59.080 --> 00:17:01.639 how about yes and yes and yes and yes let's 308 00:17:01.720 --> 00:17:04.279 use all of the tools at our disposal. But for 309 00:17:04.279 --> 00:17:05.920 some reason, a lot of people seem to think there's 310 00:17:05.960 --> 00:17:08.680 one and only one way to interact with other people. 311 00:17:09.519 --> 00:17:09.799 Yeah. 312 00:17:09.839 --> 00:17:12.839 Well, you know, it's interesting that you mentioned that because 313 00:17:12.960 --> 00:17:17.200 we're in the midst of a short squeeze in bitcoin 314 00:17:17.319 --> 00:17:21.920 now and we're approaching a short squeeze in silver, and 315 00:17:22.240 --> 00:17:25.960 between that one two punch, I don't know how the 316 00:17:26.000 --> 00:17:28.279 system continues on afterwards. 317 00:17:28.640 --> 00:17:34.160 Yeah, yeah, no, I agree, we are reaching certain Then again, 318 00:17:34.200 --> 00:17:38.200 I've been saying this for twenty years, so maybe maybe 319 00:17:38.240 --> 00:17:40.440 I have to reevaluate at some point. But I really 320 00:17:40.440 --> 00:17:42.799 do think the financial system as it has been constructed 321 00:17:42.839 --> 00:17:46.319 is reaching certain breaking points. That might be the point. 322 00:17:46.440 --> 00:17:49.519 I mean, obviously, you cannot truly usher in a new 323 00:17:49.559 --> 00:17:54.599 system until the old system is thoroughly, thoroughly taken care of, 324 00:17:54.920 --> 00:17:58.319 shall we say. And a few years ago, I think 325 00:17:58.319 --> 00:18:00.680 we were all worrying about the possibility of central bank 326 00:18:00.720 --> 00:18:03.599 digital currency. But now don't worry. You know, now a 327 00:18:03.640 --> 00:18:05.680 lot of the politicians have Caughton down to, oh, people 328 00:18:05.680 --> 00:18:07.759 don't want this, so we're passing bills. There won't be 329 00:18:07.759 --> 00:18:10.240 any central bank digital currency. But hey, have you heard 330 00:18:10.240 --> 00:18:13.240 about this stable coin thing, and essentially they are going 331 00:18:13.279 --> 00:18:15.960 to tokenize the debt so that they can continue kicking 332 00:18:15.960 --> 00:18:19.680 the can down the road and continue financing this thirty 333 00:18:19.720 --> 00:18:22.400 five whatever, however many trillion dollars of debt it is 334 00:18:22.480 --> 00:18:26.880 now through more financial phony bologna nonsense. But don't worry. 335 00:18:26.920 --> 00:18:29.559 It's not a central bank digital currency. It's just you know, 336 00:18:29.599 --> 00:18:32.240 the big banks cooperating with the government, as they always 337 00:18:32.319 --> 00:18:34.680 have essentially at least since the formation of the cartel 338 00:18:34.720 --> 00:18:38.759 and back in nineteen Yeah, well there's it thirteen. Sorry, 339 00:18:38.880 --> 00:18:40.880 when did the federals are back past nineteen thirteen? 340 00:18:41.880 --> 00:18:43.640 Yeah? Yeah, it's funny. 341 00:18:44.000 --> 00:18:48.960 So uh yeah, well, I see the system is getting 342 00:18:49.039 --> 00:18:53.160 more and more fragile. Bitcoin one hundred and twenty three 343 00:18:53.200 --> 00:18:58.680 thousand dollars today it's July fourteenth. It's going to go 344 00:18:59.279 --> 00:19:05.480 exponential because the very system that they created to exploit 345 00:19:05.559 --> 00:19:09.119 the precious metals markets, they're trying the same thing on bitcoin. 346 00:19:09.160 --> 00:19:12.599 But there's a difference. There is no bitcoin out there 347 00:19:12.640 --> 00:19:16.440 to trade seven percent of all the tokens. That's what 348 00:19:16.519 --> 00:19:19.400 they have to work with, and that's not going to 349 00:19:19.480 --> 00:19:22.559 work too good, one. 350 00:19:22.400 --> 00:19:25.079 Would sincerely hope, But I think there are ways to 351 00:19:25.400 --> 00:19:28.079 at least divert this system into a shadow of what 352 00:19:28.119 --> 00:19:30.160 it could have been. And for people who want to 353 00:19:30.160 --> 00:19:31.920 know about that, there's an excellent book that was co 354 00:19:31.960 --> 00:19:35.759 written by Roger Vere and Steve Patterson called Hijacking Bitcoin, 355 00:19:36.119 --> 00:19:40.519 which goes through the history of how Bitcoin was steered 356 00:19:40.559 --> 00:19:44.319 in a certain direction by Blockstream, this group of developers 357 00:19:44.319 --> 00:19:48.720 that came in and started essentially steering bitcoin. Bitcoin is 358 00:19:48.759 --> 00:19:51.279 open and decentralized, and anyone could do anything, but there 359 00:19:51.279 --> 00:19:54.480 are a core set of developers who get to essentially 360 00:19:55.240 --> 00:19:59.480 work the main code for the protocol itself. And yes, 361 00:19:59.559 --> 00:20:01.680 you could go go and fork off and start your 362 00:20:01.680 --> 00:20:05.640 own coin and at any time, but the main Bitcoin 363 00:20:06.519 --> 00:20:07.960 is being decided by people. 364 00:20:07.799 --> 00:20:08.359 Who are. 365 00:20:09.720 --> 00:20:12.799 Very, very eager, for some reason or other, to bend 366 00:20:12.839 --> 00:20:16.039 over backwards in compliance and to make sure that everything 367 00:20:16.119 --> 00:20:20.000 is okay with Uncle Sam, which again seems to me 368 00:20:20.119 --> 00:20:22.559 the exact opposite of the original ethos of what this 369 00:20:22.759 --> 00:20:26.519 was about and the possibility of escaping the system. What's 370 00:20:26.559 --> 00:20:29.400 the point of disintermediating the financial system if you're just 371 00:20:29.440 --> 00:20:31.519 going to go cap in hand directly back to the 372 00:20:31.839 --> 00:20:35.559 big banks and the central bank, et cetera, and basically 373 00:20:35.720 --> 00:20:38.400 fill all their forms out and jump through all their hoops. 374 00:20:38.920 --> 00:20:42.960 But that is exactly what the cryptospace is being steered into, 375 00:20:43.000 --> 00:20:46.480 and that is why there has been so much institutional 376 00:20:47.000 --> 00:20:50.640 investment in that space in recent years. And JP Morgan 377 00:20:50.680 --> 00:20:54.440 and everyone else is jumping on board now that there 378 00:20:54.480 --> 00:20:57.400 is the compliance sort of expectation there, and of course 379 00:20:57.440 --> 00:21:00.960 they're creating their ETFs and other things that are essentially 380 00:21:01.000 --> 00:21:03.519 as you say, they're trying to do the same manipulations 381 00:21:03.519 --> 00:21:05.400 that they've done in the precious metal space, they're trying 382 00:21:05.400 --> 00:21:07.519 to do it in the cryptospace. I wish I could 383 00:21:07.519 --> 00:21:09.599 share your optimism that that won't be effective, but I 384 00:21:09.599 --> 00:21:11.720 think it's already been quite effective. 385 00:21:12.039 --> 00:21:14.440 Until it's not. Until it's not. 386 00:21:14.839 --> 00:21:21.160 But we're definitely in a new world here, and eventually 387 00:21:22.160 --> 00:21:23.599 it's going to catch up here, you know. 388 00:21:24.279 --> 00:21:26.799 Yeah, well, I agree, something is going to snap. But 389 00:21:26.880 --> 00:21:31.720 the problem is that throughout history, the times of true 390 00:21:31.799 --> 00:21:38.640 financial crises are always coincide with a major war, generally speaking, 391 00:21:39.160 --> 00:21:42.279 and I think when we see the changeover in world 392 00:21:42.359 --> 00:21:46.359 monetary paradigm, it's generally some sort of major cataclysmic war 393 00:21:46.480 --> 00:21:49.759 type event, or sometimes a pandemic or something like that, 394 00:21:49.799 --> 00:21:52.799 but something that truly shakes up society to its foundations. 395 00:21:53.400 --> 00:21:58.400 And I don't know which way that correlation slash causation works. 396 00:21:58.799 --> 00:22:01.400 And I tend to think that at this point, knowing 397 00:22:01.480 --> 00:22:04.519 that there are such streams on the system, that people 398 00:22:04.519 --> 00:22:06.839 in positions of power would be more motivated to gin 399 00:22:07.039 --> 00:22:10.400 up a war in order to justify the transition that 400 00:22:10.480 --> 00:22:12.759 is undoubtedly coming. And not only, of course, in the 401 00:22:12.759 --> 00:22:16.480