00:17:22.920basically canada was trying to copy what australia did and meta said fuck you canada
00:17:31.560and i don't think they were expecting that and all the news i was reading leading up to this
00:17:36.540which is like we're like no they're they're bluffing menace bluffing there's no way they
00:17:40.400would block all news to canada and i then and they're doing it so what what are your feelings
00:17:47.220on that first of all i know you've probably got some passionate leanings i mean i hate all
00:17:53.040regulation i don't think the government's capable i'm just gonna say i hate all i hate all i don't
00:17:58.780think it's possible to make industry regulation that isn't bad i think the definition of industry
00:18:04.780regulation is bad and everybody can you know fucking shoot me if they want but that's that's
00:18:08.940me so but i mean this in particular and my argument is always going to be just from a market
00:18:17.580perspective like what did you think was going to happen if you have people in your country like
00:18:22.820your own citizens didn't ask for this most of us read american news as well as canadian news
00:18:28.100and it's free it's always been fucking free or at least since the internet it's always been free
00:18:32.740now you're saying that the service providers have to pay for it so what's going to happen is one of
00:18:37.800two things as a citizen i don't i fucking hate zuckerberg i hate meta but as a citizen i know
00:18:42.800what's going to happen either zuck is going to pay them and then he's going to charge me for it
00:18:47.440or he's just not going to provide it anymore so as always whatever the government has done to try
00:18:53.660to stick it to the industry is just fallen right on the heads of the citizens every fucking time
00:18:59.560this is what happens so what it means now is we can't get the fucking news so or the alternative
00:19:05.020would have been we can get like in australia you can get the news but now you have to pay for it
00:19:09.340or you have to pay for it through increased ads or you have to pay through decreased quality or
00:19:13.220something that you money can't just be printed out of thin air as much as like value real money
00:19:18.440can't be printed out of thin air people have to be paid for the work that they do so at the end
00:19:22.100of the day if it's cut if it looks like it's free it's coming out of somewhere you just aren't
00:19:26.300noticed or noticing where it's coming from so yeah anyways hey here's a quote from the cbc article
00:19:31.840a free and independent press is fundamental to our democracy canadian heritage minister
00:19:38.580pablo rodriguez said in a statement very canadian name i love the idea of a the idea of a free press
00:19:47.880and it's a free press that is free from competition and free to use resources with no strings attached
00:19:53.780that's really free you know it's really free that's one thing i don't like about this it's
00:19:59.800It's being wrapped up in that current narrative that, you know, the news is important to democracy.
00:20:08.720I would respect it more if this was just a shakedown for journalists.
00:20:12.920I would respect this a lot more if they were coming up as gangsters like, look, these journalists are our citizens and we pay our citizens.
00:20:23.060If it's a shakedown, let it be a shakedown.
00:20:25.240I'd rather that because that's what a government, if there's a government that should be doing anything,
00:20:29.500think it should be doing that it should be sticking the knife in someone's like give us a
00:20:33.320fucking cut even though i hate journalists i'd like them that they did that they do that to the
00:20:37.720dairy farmers whatever i don't care do it for go to bat for the canadian citizens if you're going
00:20:42.680to be there i would rather they just stop doing it to the dairy farmers rather than using the
00:20:46.460dairy farmers as an excuse to also do it to journalists when you just stop doing it to
00:20:50.400everybody and we'd all have more money in our pockets i mean it's hard for me to believe that
00:20:55.580this is sustainable like it i think this has got to end at some point it's just preposterous
00:21:00.860right or maybe not i don't know it's gonna it's gonna end with canada shutting down
00:21:05.180like because like you said it's already this has been happening this kind of like uh top-down
00:21:10.180resource control has already been happening in our in our uh primary industries and secondary
00:21:14.200industries and agriculture for decades you know and and it's not like it used to be there and we
00:21:19.340started dialing it back no it used to not be there it used to be part of the crown part of the
00:21:23.220the commonwealth and then it's gradually been taken over by all of these like uh these corporations
00:21:28.460over the past 50 60 years so yeah we're reaching a point now it's getting into telecom and it's
00:21:33.500like we've this really this country is just a company town it's not even a country really when
00:21:38.660i see something like this the story that i'm getting reading between the lines is that no one
00:21:44.740takes canada seriously especially if canada is saying well you did it for australia why don't
00:21:51.240because that that yeah that means that they don't like you as much as australia so that
00:21:55.380now everyone it's a green light on fucking canada in the ass and you know what you know what's funny
00:21:59.880is australia is smaller maybe somebody correct me on that but to my understanding australia only has
00:22:05.660like two-thirds the population and economy of canada but for but can but and still and canada
00:22:12.220is also way bigger geographically and has more natural resources than australia like australia
00:22:15.840should be the little little brother but actually australia gets some fucking credibility and some
00:22:20.040respect on the global stage australia actually is a functional military for one thing yes look
00:22:25.480we're neo-realists on this show at international geopolitics it's prison rules it doesn't matter
00:22:32.080why canada is being made an example of the words out that canada is a country that you can make an
00:22:38.020example of maybe you could to australia but they weren't made an example of yeah we're the fat guy
00:22:43.540that you might be afraid of until you hear him talk and then you just laugh that's canada yeah
00:22:48.060you're thinking because you're in your mind thinking well he's got a lot of mass you know
00:22:52.080you're trying to run that internal calculation like i know he's not small i'm not sure no one's
00:22:56.780really sure if they can take a fat guy yeah until you see him reading until you see him reading anime
00:23:01.720and polishing his his daikatana and they're like oh oh okay yeah here's how you tell if you can beat
00:23:07.600up a real fat guy i'm talking like a real big guy you got to watch him eat now does he look like
00:23:14.900he's he's just powering through like he's just chewing away and then scowling licking his
00:23:20.460fingers and i'm talking in the mess hall i'm talking in the prison yard i'm talking you look
00:23:25.840at him and if he's biting into his his mandarin orange and he's got a nice smile rosy cheek face
00:23:33.500there that's the that's the type of fat guy you can beat up yeah you better win your fight because
00:24:06.840the difference between cannibal fat and candy fat i don't think you can get cannibal fat so
00:24:12.820yeah that's so i guess what i was trying to lead this whole episode with was in canada we're just
00:24:19.500not going to have news going forward well we're not going to have aggregators but we're still
00:24:26.520going to have news no but it's going to be like i'm done with news we're getting rid of news in
00:24:30.180canada that's where i'm i'm hoping oh you're saying we're actually not going to have okay
00:24:33.760Hold on. Let me follow you here. So you're saying there's some truth to the to the federal government's plea that Canadian news producers need the money.
00:24:42.320And now that the, you know, Meta isn't going to pay them. And again, this is Meta is just setting the precedent.
00:24:47.860There will be other aggregators that won't pay them and then they'll just go under and we won't have any legacy media left in Canada because Sun News and the Toronto Star and the Globe and Mail aren't getting money from Meta.
00:25:00.240I actually, deep down, I think beneath the surface, that is what this is.
00:25:04.500I think, you know, they can cloak this in because no one really believes when they say, oh, it's for to fight misinformation and to defend democracy.
00:25:12.240That doesn't mean anything. And most people know that doesn't mean anything.
00:25:15.060What this is, the real problem is journalists are going out of business that I think Post Media, which is one of the biggest news corporations in Canada, is being bought out or divided up.
00:25:45.500I want to burn Postmedia to the ground.
00:25:47.520Why would I want to pay them anything?
00:25:49.700That is essentially, I think, where it's going.
00:25:52.280And it's been trending that way forever.
00:25:53.680everyone knows there's not as many journalists as there used to be the ones that like this we
00:25:58.000were talking about this during the height of the gawker and buzzfeed era like journalists quote
00:26:03.420unquote journalists are working for peanuts and everyone everyone's everyone first of all everyone
00:26:07.400saying like oh journalists now aren't like what they used to be no they were always like lazy hacks
00:26:11.720well and look to the extent that anything was ever different and something changed it didn't
00:26:16.240just change it changed in 1995 like you don't even you weren't even alive when this shit changed
00:26:21.660most of you guys listening like these people grew up in this new system like the toronto sun i'm
00:26:27.160sorry toronto sun is a bunch of jews but toronto star also a bunch of jews and a bunch of like
00:26:31.580thai trannies in working from home on their shitty laptops it's been like that for 25 years man
00:26:37.020that's all it is they don't need 50 million dollars now they're trying to grab another
00:26:41.260billion you know what they need they need like minimum wages for the fucking fiverr guys that
00:26:45.820write their shitty articles that's what they need i think you i swear to god you could run the
00:26:49.480toronto star on 900 canadian a month the fucking toronto star i fucking guarantee you could because
00:26:55.660they don't write original articles it's all cribbed they don't take original photos it's all
00:27:00.340from ap or just random shit like what do you do you have opinion columns by some fat old jew
00:27:05.520who does it for free because it's propaganda like where is the money where's the money going you
00:27:11.460don't have to pay anybody there's no shortage of people who want to be columnists for free because
00:27:15.940it's free advertising for whatever right exactly um they people as long as there's people who want
00:27:21.900to be influencers they will have the column page open to them and um the other thing is like you
00:27:28.880could i worked very briefly for around like half a year when in my early 20s as a reporter for
00:27:35.820community newspapers like a town newspaper um and once you write news stories it's very clear
00:27:42.340anyone can do them they have to fit the exact same format in fact the editor is mainly there
00:27:47.820just to you know edit for clarity and make sure you're not getting too verbose but they don't
00:27:53.720even edit possible have you read this stuff like the star specifically i read not fair not a lot
00:27:58.780but like when somebody links something i'll read the star if you read entire articles like with an
00:28:03.600with an english eye first of all they're barely literate they're full of typos like actual words
00:28:10.160spelled wrong double consonants they're like grammatical errors i've read star articles where
00:28:15.560they've had like two full sentences in a paragraph repeated like they copied and pasted it and it
00:28:20.920changed something and then didn't delete the original so no one's looking at it there nobody's
00:28:25.500looking at it man that's been like that for a long time it's been like that for at least 10 years i
00:28:29.800didn't think it had gotten that bad because i haven't read a newspaper that's my point everybody's
00:28:33.420that's my point like everybody thinks of these like they're still legitimate they have like
00:28:36.760honestly i've seen new york not as bad but i've seen new york times articles like that
00:28:39.920Like these places, when print went away, like physical print, the capital intensity in the capital intensive part of their industry disappeared.
00:28:50.700So the only thing left they have to pay is salaries.
00:28:53.060So like, shit, we can cut majorly by just not hiring competent people.
00:28:57.140It's, you know, the quote unquote fiver, like the competency crisis.
00:29:00.200And now you literally and now you have work from home because of COVID.
00:29:02.560I swear to you, the actual physical capital intensive part of this industry has been gone for 20 years.
00:29:07.740these places to the extent that there's money on their books it's just because it's a slush fund
00:29:12.680for old jews they don't like that money doesn't swirl around within the industry and like pay
00:29:18.560people for shit yeah like you said they're paid nothing and where's the money going to the offices
00:29:23.340they're vacant there's nobody there there's no printing there's no printing press let me tell
00:29:27.320you i have a bit of experience in this because one of the agencies i had worked for was involved
00:29:34.240with post media and so i got to like if you've if anyone's worked in these large news organizations
00:29:40.400like you will have seen offices get hollowed out over the course of a couple years covid straight
00:29:45.600up killed most of these editorial offices and most of these people are just out of jobs now
00:29:51.520but um if you if you know how post media and sun media and these other huge news conglomerates work
00:29:58.660what i found interesting seeing how they operate from the inside was they're trying to be more
00:30:03.620like advertising agencies so when they were going to advertisers what they were saying was
00:30:09.360here's the the real estate the cultural real estate that we own we got a hundred
00:30:15.160succession was kind of like this too if you watch the show succession it's like here's what we own
00:30:19.560bunch of newspapers bunch of channels we have a captured audience with these media types and we
00:30:25.180will sell you advertising based on this ecosystem that we own so it's not even that they're trying
00:30:30.960to be the best anything it's like we create this huge ecosystem and we're selling you access to it
00:30:36.360and they will sell it to you at bargain bin prices like i was seeing they essentially give you
00:30:42.500newspaper magazine space for free as a value add if you're spending enough in um like tv or anything
00:30:50.100and they're trying the thing is that a lot of these orgs never figured out digital not really
00:30:55.940they would have a big thing that they would always try and get everyone in on was we own a display
00:31:00.760network on all our websites so what does that mean it means banner ads they're going out there
00:31:05.280saying look we can get you so many impressions like they're still going to people and selling
00:31:09.700based on impressions impressions is just like views and anyone that knows digital marketing
00:31:15.360knows views don't mean fucking anything views are like yeah i can get you in front of four million
00:31:20.220people i can get in front of four million people for 30 on google like getting in front of people
00:31:26.280doesn't mean anything to anyone who's serious but this is just like what the yellow pages does like
00:31:31.320do you know how many homes have yellow pages nigga i don't know like you get them for free
00:31:36.420and people you put them to soak up piss in the basement like it doesn't matter how many people
00:31:42.040own a yellow pages how many people look at the yellow pages fucking nobody who how many phone
00:31:47.280books are in circulation really if you think about it um but that that's the game they're
00:31:52.360playing and they're not good at it and it's so bureaucratic it's so bloated and so full of just
00:31:58.340these legacy people that don't understand and don't want to understand and again back to the
00:32:02.560show succession that's why i love that show so much is because that show was about what's literally
00:32:07.980happening right now every at fox at cbc everywhere the guys at the top trying to figure out like okay
00:32:15.120i'm gonna die soon and this is gonna die with me unless i pivot in some big way and hoping you find
00:32:21.380a young person that gets digital and find a young person that's not a sociopath that's kind of that's
00:32:26.840kind of what season three and four in succession are about you should actually watch it but um yeah
00:32:31.920that's like my in personal firsthand experience in a news organization like it's grim and i think
00:32:38.660that's what this is it was just like a shakedown it was like we need money for this segment of the
00:32:43.380population which i would respect more if they just went out and said it and i just think they they
00:32:48.560tried it it's not working and so what do you do like you have to admit like this was the last
00:32:54.420hurrah this is the last dying gasp of these huge media conglomerates before they just fucking
00:33:00.380collapse because like even like what fox could always say how the how fox got so big was they
00:33:08.560doubled and tripled down on community newspapers and local news when no one gave a fuck about
00:33:14.120local news that's why fox is so big in like small town areas it's because they they would put
00:33:19.040offices these places and control the small town media when everyone else was like all that matters
00:33:23.840is new york and la and fucking chicago yeah yeah and but even those small towns are falling off
00:33:29.480the map why because the small towns are hollowing out too there's it's a whole it's tied in with
00:33:35.460demographic shifts it's tied in generational shifts it's tied in with like the towns that
00:33:41.520were thriving aren't thriving anymore and you know then there's then these people also hate
00:33:45.300the news now so you know anyway it's a big problem and that's why i just think you know i was joking
00:33:53.140at the start but i don't think there's going to be news as we know it once boomers shuffle off
00:33:59.600this mortal coil i i'm agreeing with what you're saying i just think that that process has been
00:34:04.520and i i think you kind of said the same thing but the process has been going on for a long time
00:34:08.060we already don't really have news like we had 20 years ago and the last few steps that it's going
00:34:13.000to take i don't think like for example the new york times will probably take longer the toronto
00:34:17.300star i think is probably maybe only got 10 years left max but i don't think it'll ever go away i
00:34:21.500think there will always be a shittily poorly maintained blog called the toronto star just
00:34:26.840because somebody owns the name and it's got that you know prestige but i mean it's already literally
00:34:32.840a rag you know and it because a news site costs almost zero dollars to
00:34:39.220maintain it seems like it's not gonna disappear like the logo will still be
00:34:43.580there the site will still be up but nobody already nobody reads it the fact
00:34:47.600that I can bring that up and say you know if you guys has anybody read this
00:34:50.980like their articles are atrocious you could they're barely readable and it's
00:34:54.380like well I mean I don't know I wouldn't know cuz I haven't read it in years like
00:34:58.160yeah nobody has it's not it's not reputable anymore it's what yeah it's
00:35:01.760definitely dead i think it's all i mean just going to die but i think it's already almost dead
00:35:06.480anyways yeah i'm trying i read some news just today and i want to make sure i get the periodical
00:35:14.440correct i think it's the national review because the national review just came out with some news
00:35:21.720recently that they're they're they were coming out every week but they're going to come out monthly
00:35:26.200and they're only going to come out as a magazine they're going to come according basically they
00:35:29.520were what they were they're downsizing into something that's way less frequent and acting
00:35:35.900like it's a prestige move like oh you're going to get a higher quality product but what that means
00:35:40.280is that their demographic is dying their readership doesn't exist anymore and so you're seeing these
00:35:45.420like big legacy magazines you know this is something i was like i don't want to get off on
00:35:50.900a whole thing but one of the projects that we're working on behind the scenes i don't even want to
00:35:57.520talk too much about it but let's just say that we've been looking very closely at a lot of
00:36:02.800organizations in our space distant organizations from north america and europe and abroad about
00:36:11.940like what what do these sorts of like think tanks and institutes what do they do and the vast majority
00:36:19.500of them are just we publish articles on a website and we publish a magazine and like we they say oh
00:36:26.660we release research but it's just another it's all blog posts all anything is is blog posts yeah
00:36:32.380and they keep returning to them like is if you get millionaires involved billionaires involved
00:36:38.480you get the people of the gatekeepers of capital they say i want to impact politics i want to
00:36:45.140change the zeitgeist in society who do i go to who are these institutes all they're going to
00:36:51.040have for you is another fucking magazine another bunch of articles about just the fact that it
00:36:56.180doesn't matter what they're about it doesn't fucking matter so what are these institutes
00:37:00.920doing and i'm not trying to rag on any institute in particular like i'm a big fan of american
00:37:05.660renaissance i'm a big fan of a lot of these like think tanks and organizations that have done great
00:37:10.120work but i'm like you know they've been they've been around for so long what's the next thing
00:37:15.960what's the next form of this it needs to be something because we're seeing that if it's
00:37:20.480just to produce a magazine the types of people who read magazines they're not going to be there
00:37:25.600anymore and i don't think younger generations even see the magazine as something to give a
00:37:30.180shit about no one's going to subscribe to a magazine and if it's just we're going to publish
00:37:34.040articles on the website i'm like well then everyone does that anyone can give me like give me a hundred
00:37:38.340bucks i'll set you up an institute tomorrow then it's a dead end i'll set you i can anyone can do
00:37:44.400this shit now and anyone does and you know i'm not trying to criticize anyone i'm trying to think
00:37:50.840ahead of like there has to if the goal is going back to what we talked about last episode the for
00:37:56.780what question why are you doing this why are you starting to think for what is it to put a bunch of
00:38:02.460more more noise out there into the zeitgeist or is it to change minds now how would one effectively
00:38:09.060go to change a mind is it another conference is it another get together or is it it has to be an
00:38:17.080irl you know in real life event sure but is it the same type event we've been having with the
00:38:22.420same guys going to it every single fucking time and sure that of course of course there's value
00:38:29.100in meeting people in real life but i'm i'm just trying to think there has to be an evolution of
00:38:35.100what this is because i don't think the 20th century institute think tank political action
00:38:41.400group is going to cut it just like people complaining about protests like what do we
00:38:45.820what does a protest accomplish is are we missing something it's it's harder than ever to actually
00:38:51.460get people's attention i the the mechanisms we use to get at people have not transcended with
00:38:58.880the people that's a bit of a rant but does that no that makes sense you know hey i hate everything
00:39:05.680right so don't take my word for it but the the amount of resources that are thrown at what those
00:39:12.960of us who do it for a living know is low-hanging fruit and when i say those of us who do it for a
00:39:17.720living apparently that's half of us like everybody does this now that's the thing that frightens me
00:39:23.920you know as i go out there and and sharpen my tools and try to think of a way to make money
00:39:28.680um with a real skill and there's no money for it like everybody is in this fucking thunderdome of
00:39:35.300you know digital digital works digital grift trying to squeeze money out of the stone of
00:39:41.800the digital economy and it's like i don't know how i don't know how long that can last and like
00:39:46.740you said what for like i don't know where this is going aside from just saying i don't trust
00:39:50.860the rest of the world anymore i just want to make money here because i don't have to leave my desk
00:39:54.820i don't know man i don't know how long that's gonna last i just i i want i don't want a new
00:40:00.900front on this extremely gay war we've been fighting i want a new war like when i i tune
00:40:07.600into steven crowder and i'm watching a trailer for steven crowder's network this new event called
00:40:15.980the re-platforming what's what's going on with steven crowder he's starting his his network on
00:40:21.920rumble and i'm watching these sad men like brian callan do a little town hall in front of 15 of
00:40:31.700their staff talking about how like this is the fight there we're on the side of truth we're
00:40:37.440we're going to get them with comedy we're not going to be de-platformed anymore we're going
00:40:42.760to take it to the streets like just platitudes endless platitudes steven and the louder with
00:40:49.480crowder family have been battling it out on their own for a long time now well i am excited to be
00:40:55.180part of an ever-expanding group of misfits and comics that have had enough and want to join
00:41:00.860the fight. The pushback isn't just about fighting bad ideas with better ideas. It's not just about
00:41:07.220shouting into a microphone. We're here to change hearts and minds, and we are going to do it the
00:41:13.480way Stephen has always done it, with humor, satire, wit, and maybe a little screaming into
00:41:20.220the microphone. You know what I'm saying? A little screaming, a little bit, yeah. A little anger once
00:41:24.420in a while goes a long way we are going to entertain you so hard and so often that you
00:41:30.980can't help but hear and see the truth you can't help it there is no one in the conservative space
00:41:37.780pushing back on the left's terrible ideas with steven's level of funny no one's even in the same
00:41:43.460area code so when steven asked me to join the family i was like where do i sign up that's the
00:41:50.780and that's the product though i mean the product if none of this is real like crowder is just a
00:41:55.880product he's the fucking like shapiro or or fuentes or any of them like none of nothing that they say
00:42:00.820is true it's just they know that there's young guys who are desperate and lost and they want
00:42:05.360to hear that so they just fucking say it you know that's why that's why crowder a gay man has a gun
00:42:10.280on his desk you know it's not because he's ever shot in his fucking life it's because he knows
00:42:14.460who's watching so yeah and this is all going to sound very obvious to people are going to say
00:42:18.740dimes of course like we all know like i'm telling some people of course our listeners aren't like
00:42:23.620that our listeners are all very intelligent well-to-do fellas but also like if if consider
00:42:30.200if we were to ask them to donate money to a cause if we were to actually you know put we do accept
00:42:37.900money to support the show we have a gum road i encourage everyone to go to our gum road and
00:42:42.840donate there's exclusive content it's going to be a very exciting time over there
00:42:46.900and we appreciate it if you were to donate five bucks a month but if i were to be serious and say
00:42:54.020look i want you all to go in on a project too because to join the fight i would always have
00:42:59.800to be asking for what purpose and what am i trying to get and that's why i don't no one's
00:43:05.260really answering that question i get it's a grift i get america first is just take money to
00:43:10.040be on the stage but i think we're allowed to say this because we've run a show which i think is a
00:43:14.940pretty good show this show for what five years and we only set up any method to even give us money
00:43:19.800like in this past year and we rarely mention it so like the little e-begging you just did i think
00:43:25.080was that maybe the eighth time in the history of the fucking show that you've ever done it so for
00:43:30.140we're allowed to say they're fucking e-beggars you know they exist solely to make this a profit
00:43:36.560making enterprise and as you say if we ever asked for money we're not asking for money hopefully we
00:43:41.840hopefully i don't have to eat my hat but we won't be asking for money to hey you love the show so
00:43:46.760much just give me a buck no we're gonna do something with it right because i mean we didn't
00:43:50.940need the money before why do we need it now because we're we have a plan we're gonna do a
00:43:55.360thing okay yeah so we are working on a big thing and you're all gonna hear about it once it's closer
00:44:01.100to be done but that this is why we're very self-critical and we're always stress testing
00:44:06.320ourselves to be like am i being a hack am i being a fraud am i being like these people that i
00:44:11.260despise and I'm terrified of becoming that person and becoming yeah I don't know like I keep coming
00:44:17.020back to we all agree warfare is evolved we all agree that information warfare is evolved it seems
00:44:22.780like those on our side have not have we've not really entered the 21st century I don't and I
00:44:29.400say that about not just everyone I might be implying but even me too like I struggle with
00:44:34.740it like we we're not on the cutting edge of information warfare with these sorts of fringe
00:44:40.320ideas and beliefs and i don't know it just people talk all day about like we need elites we need to
00:44:47.060elect our own elites you know we need capital we need institutional support and i was saying this
00:44:54.400in the chat some chat i think this might have been prudentialist chat i'm like you know louis ck
00:44:59.580had this great bit when he was on opine anthony he would see all these really like hack comics
00:45:07.580road comics that would be doing the same set for like 10 years and they were kind of bitter and
00:45:13.320egotistical about it as well he said what i would love to do is just rent out madison square garden
00:45:19.580and fill madison square garden fill every seat with comedy fans and give it to them for one night
00:45:26.320and have them perform their set in front of madison square 10 000 people whatever it is
00:45:31.800so here here it is here's your big break go ahead and just watch them collapse and realizing that
00:45:38.820most people who think they're destined for stardom and destined for success if they got
00:45:44.100everything they wanted they wouldn't know what to do with it and nick fuentes is a great example
00:45:49.280because he actually did get it he actually got it everyone everyone think think that
00:45:54.600nick fuentes is every dream amazing to true right away right after like one after the other he was
00:46:02.400in the room with trump trump was listening to him he was hired by kanye west he was like he
00:46:08.100everything he wanted and he shit his pants in front of the united states of america and all
00:46:14.020and all of his heroes think he's a fucking retard right now he's toxic he lost everything he's way
00:46:21.060worse off than he ever was before his parents never should have let him do this that's the
00:46:26.600thing like you get it but you don't know what you don't know what to do and you get it so it's like
00:46:29.520let's say everyone's talking elite theory we need elites we need capital what would you do with a
00:46:34.740billion dollars right now you don't fucking know 50 million dollars appeared in your checkings
00:46:40.780account tomorrow what are you going to spend it on you don't no one fucking knows is it another
00:46:45.360website is it another bunch of articles is it are you are you gonna start like a studio for a new
00:46:52.680show or like there's not even a whisper of a would you buy the spear of longinus and drop it
00:47:00.780on the white house is it longinus yes that sounds sexual the spear of longinus yeah if i was a porn
00:47:09.640star my name would be the spear of longinus this guy's all about the long guys
00:47:13.780isn't that the i thought the spear that pierced christ on uh calvary i thought that was what i
00:47:30.400thought it was i thought it was like the longinus longinus you know why i think it's longinus is
00:47:36.680because there's a watch brand called longinus and that's how they say it in the advertisement
00:47:40.740are you sure i thought it was that yeah l-o-n-g-i-n-e-s longa long gines long gines
00:47:48.500long gines i might i might begin this from neon genesis evangelion too i remember there's the
00:47:54.200land to longinus is a is a longinus oh fuck bob is it longinus or longinus the watch
00:48:03.160do you not remember the fucking advertisements all the time to everywhere jesus christ oh we're
00:48:10.920fucked you're a canadian we could say it however the fuck we want it's a propositional language
00:48:14.920canadian is it you know what it is a propositional language wait anyway that that's the point i wanted
00:48:22.400to make where i i'm a thought experiment i would give myself is like what if i got a billion
00:48:27.960dollars tomorrow what do i spend it on and i didn't have an immediate answer i had like like
00:48:33.220i said there's not even like a whisper of an answer in these circles that are talking about
00:48:37.040the methodology to get to the money but not what to do with the money that's a bit of a a rant i
00:48:42.900wasn't planning on doing um i wanted to circle back um a couple of things i mentioned this is
00:48:50.060kind of a conspiracy episode and i feel and this is relevant to the news thing because this is all
00:48:55.180we're going to have in the future we're not going to have journalists we're just going to have
00:48:57.580like we said the other day it came to me in a thought that's all it's going to be it's going
00:49:03.400to be all my information is going to come from screenshots and come from my guys i try to warn
00:49:10.200no journalist no journalist survives the future this is you and the dudes it's and stuff you hear
00:49:21.020and you and you kind of triangulate the truth that way so recently i don't know if you saw this
00:49:27.960uh hear about the the fire in hawaii yeah jesus days after massive wildfires destroyed the heart
00:49:37.820of western maui the desperate search for loved ones with hundreds still unaccounted for this
00:49:43.360stunning drone video showing rows of torched vehicles now twisted husks frozen in time so
00:49:49.560many people have died. My friends lost their grandparents in the fires. People are being
00:49:52.820found in their cars. Now more than 1,000 names have been added to the FBI's list of missing
00:49:59.420people. State officials are also encouraging family members of people who are missing
00:50:03.420to provide their DNA so they can identify loved ones. This comes amid growing concerns about the
00:50:09.400government's response to the wildfires. They include a shortage of water and clogged evacuation
00:50:14.800rounds there's there's two parts of that story one that sounded like a conspiracy theory and it
00:50:22.500turned out to be true so early on like people are talking about 4chan that there's this massive
00:50:28.360inferno in hawaii and the government had a hand in killing people that people they were trying to
00:50:35.800keep it hushed they were fencing people in not letting people leave forcing people to burn alive
00:50:41.080in a fire and that sounded preposterous to some but fucking i'm looking at the
00:50:48.380like an ap the associated press ap here maui residents who disobeyed barricades survived
00:50:56.840fires those who disobeyed those who disobeyed the barricaded road closures during the maui fires
00:51:04.160survived the disaster while many of those who heeded the orders to turn around perished in
00:51:09.200their cars and homes with no way out um at least 114 people died they're still discovering bodies
00:51:16.380right now currently but basically the cops had barricaded the roads and wouldn't let people
00:51:22.360escape and the only people who survived the ones who drove up alongside drove up the mountain just
00:51:27.760drove around the fucking cops i mean there's all kinds of stories but they the thing about all of
00:51:33.020these stories they have one thing in common which is nobody helped them and they had to use their
00:51:38.720their wits to save themselves there's not a single story so far that i've seen anyways and i've i've
00:51:44.340watched a lot of this lately about you know there's no stories about oh the the firefighters
00:51:49.180and the policemen led me to a shelter and there i stayed no because every story involves the
00:51:54.900firefighters and policemen blocking the road and redirecting you back into the burning town
00:52:00.380it is and again that sounds insane but all that conspiracy stuff early on was vindicated
00:52:07.340because people would say well why would the government do that i don't fucking know but
00:52:10.840they did and i don't know what the answer could be there's obvious this is the one not the one
00:52:18.820there's sometimes there are there are stories like this but not all of them but this is one of them
00:52:23.940where the like occam's razor like the most obvious answer that just makes the most sense right out of
00:52:29.920the gate is one that you don't want to touch because it's so fucking heinous but to me everything
00:52:36.220about this just says they are killing them so they can take the land for some private purpose
00:52:43.800doesn't matter what the purpose is but the combination of like five different government
00:52:50.080departments federal state local all colluding to kill these people to murder them by burning them
00:52:57.140alive and then immediately oprah winfrey and mark zuckerberg and state senators buying up the land
00:53:04.540at a tremendous discount because the owners are dead like that you can't paint that any other way
00:53:11.080this doesn't this isn't even a fucking conspiracy theory because i'm just telling you what happened
00:53:15.860yeah i want to let's focus on that for a second because this is the part like there's
00:53:21.160several conspiracy theories linked to this story this we'll focus on three one was just proven
00:53:28.680correct about the cops making you burn alive for no discernible reason the second is about
00:53:36.600this was a planned demolition of maui and that they want to turn it into a smart city a 15-minute
00:53:45.420city some kind of new type of city and that they needed the old city to be gone for them to do that
00:53:52.400And looking at an article here at the Post Millennial, Hawaii governor says state is looking to acquire land that was destroyed in the fires.
00:54:02.460And I read several other articles that were essentially saying the same thing, that the governor, that he wants to buy up all this land.
00:54:08.700and there was a lot of articles out there if you look it up discussing a conspiracy
00:54:15.500post that was made on tiktok saying that this was planned and that they want to buy up all the land
00:54:21.460to turn into a smart city and all these articles saying that's crazy i'm gonna give a little update
00:54:27.660on the hawaiian fires now i want you to look at this footage and this shirt doesn't look like a
00:54:33.240fire to me it looks like something almost exploded or something went off now what's interesting is
00:54:38.200Certain things are still standing while other things are not.
00:54:40.780Now, the governor did say this is climate change doing this.
00:57:44.540but it doesn't happen if you're going around
00:57:47.280and pressuring the government is pressuring them to sell their land
00:57:51.420and they don't even want to right yeah that sounds suspicious doesn't it yeah of course
00:57:56.820so that's why i started like oh maybe there's something to that too
00:57:59.580the other conspiracy theory is that it's space lasers
00:58:03.760that the wildfire was caused with directed energy weapons can i i want to stop you just for a sec
00:58:13.340because you said earlier that you looked up and you could not find the conference they were talking
00:58:16.960about i actually not i'm not a super genius but i did actually find the conference okay where
00:58:21.860can you link it in the chat here i'm going to or read it out i'm just going to read it off because
00:58:27.640okay so it isn't a quote-unquote it's if you search smart city conference you're not going
00:58:31.720to find it i had to look up a directory of conferences that happened in that period
00:58:34.320there's the hawaii international conference on system sciences 2033 the things they discussed
00:58:39.080were organizational system technology internet and the digital economy decision analytics and
00:58:43.220service sciences, collaboration systems, and technologies, digital and social media,
00:58:47.100information technology, and healthcare. But if you read their little addendum here,
00:58:52.000like describing each of these and the speakers, it's Smart City. It's how to use data analytics
00:58:58.100to make business and government and health and everything else work together and how to
00:59:02.760rejigger the economy and property prices and all of this. It's all of the tenets of Smart City
00:59:09.480from a very hard tax engineering standpoint that's what the conference was about so if they want to
00:59:15.360say smart city in one sense it was not a fundraising conference to get musk to donate to smart cities
00:59:21.700it was an actual technical conference on how to physically build smart cities that's what the
00:59:27.960conference was okay so you found it good i believe you and i should have looked harder so that's good
00:59:32.620the tech talk guys vindicated i suppose completely vindicated because this is the type of conference
00:59:40.280you would expect for people who are taking it seriously um and also what's amusing is that in
00:59:47.040these articles that are calling out the conspiracy theories they have to explain what a smart city is
00:59:52.400and a 15-minute city because it's an article and of course you need the context so it's funny it's
00:59:58.280like there's a conspiracy theory that the government is trying to push smart cities on
01:00:02.700people a smart a smart city is defined and they once they think the smart cities are going to
01:00:08.600surveil them or track their behavior what a smart city is it's a city that is ingrained with data
01:00:15.080collection at every level and it's being proposed by the who the world trade organization the u.n
01:00:21.380like they're just listing all of these they're essentially describing the conspiracy theory
01:00:25.780Yeah, they're describing it. It's not going to track you. It just collects data from everywhere all the time.
01:00:31.640It's not tracking you. It's just keeping a record of where you've been.
01:00:35.020That's what tracking is. What the fuck? It just has your location information at every moment of the day.
01:00:39.980Yeah. And also, just so people know, the reason we structure news articles the way we do, in case anyone didn't know this,
01:00:48.220the most important data and information is placed at the top of the article.
01:00:52.540your average news article is written like an inverted triangle where the most high value
01:00:58.020information is in the headline it's so if you read the headline you could technically get the
01:01:04.620main gist of the news but as you read it gives more context however that context becomes less
01:01:10.960and less important and they know that the majority of people don't read an article or a news column
01:01:16.520or peace right to the end so when you see something like that buried there like they'll say they'll
01:01:22.940call it the smart city conspiracy theory in paragraph two by paragraph five they're telling
01:01:28.380you the smart city is which proves the conspiracy theory correct but they're fairly confident no one
01:01:33.580even makes it that far and they would be right right and back to our original discussion a minute
01:01:38.120ago this is why journalism needs to end anyways so who cares yeah exactly like you're the funny
01:01:44.900thing is like we talked about this with covid like the conspiracy schizos who just had a bad
01:01:50.280feeling about things were 100 right where we got lost was in the details where we got lost was like
01:01:56.340all the people predicting like graphite nanobots and seven trillion people are gonna die but the
01:02:02.740guys were just like this seems like bullshit and i hate everyone involved in this 100 right
01:02:08.180the only correct people in all of this but the more you looked into it he kind of got taken down
01:02:13.880strange pathways either like like a year ago we were all supposed to be dead according to some
01:02:19.780of the people but then there's other stuff that kind of just fell away like i remember people
01:02:24.140were getting all those blood clots and we kind of stopped talking about that there's still people
01:02:27.520who are like you'll read an article every week or two but it's like yeah all these 20 year olds
01:02:33.060are getting heart disease and no one knows why anyway and we're just supposed to like sit with
01:02:39.800that it was the um the talking about we're about to get into space lasers oh yeah space lasers
01:02:48.680that's what i kept here like some people were talking about space lasers or directed energy
01:02:54.020weapons and that's always brought up in these articles too like then they're talking about
01:02:58.120space lasers and i'm i am ambivalent on space lasers at this point you need to prove to me
01:03:04.520that space lasers are not being used like yeah like no exactly yeah to me it's like okay like
01:03:12.780they want you to hear space lasers and you think that's preposterous well what part of it's
01:03:17.320preposterous is the fact that it costs i don't know 25 bucks to put a fucking satellite in orbit
01:03:23.240now is it that we currently use lasers to do everything in this wretched society or i know
01:03:30.660I think people, you know what, I think people still, like my mom's type of people, have a poor understanding of how microwave technology and laser technology works.
01:03:41.360Like how powerful it is, even on a small scale.
01:03:44.300Like there's a reason this shit has warning labels on it.
01:03:47.240Like a microwave beam, which has been studied since like the 1950s as a power transmission technique in a vacuum, is powerful enough to send like just stupid amounts of energy.
01:03:58.980and it's been established that you could set up a satellite to beam energy down to a receiver on
01:04:05.440earth and the primary reason they have not implemented this is it's too fucking dangerous
01:04:10.940because if the beam is off by a second of a minute of a degree it starts a forest fire that's the
01:04:16.960reason they and it's like well maybe they have implemented it but they implemented it for the
01:04:21.480bug not the feature right why not yeah well like it's just because they can always blame it on
01:04:27.280global warming like all i'm saying is like like what part of this theory is so preposterous to
01:04:33.140people because the technology part doesn't seem that outrageous it seems like something at all
01:04:37.720they can do fairly easily it's just oh they would never do that i'd fuck fuck off of course they
01:04:43.120would i think there's a conceit there and the conceit is that people people um the conceit is
01:04:50.660that people don't want to think their government would murder their children and they know that
01:04:55.300that is a silly thing to think but they have to believe it otherwise they will break down
01:04:59.960emotionally so they hide that conceit with another upper level belief such as well it's just not even
01:05:05.800possible oh sure cynically they could do that but it wouldn't be possible no technologically i'm
01:05:11.000just going to explain to you right here how fucking possible not even for government but
01:05:14.480for like a mid-sized business to do this like something like the size like facebook is too
01:05:19.700large you know like uh cisco could could fucking could blow up the caribbean with a laser if it
01:05:25.500wanted to right so you now have to explain to me the moral reason like a principled reason why the
01:05:32.120government wouldn't and the answer is they would you know they would so why haven't they oh look
01:05:37.280there's fires everywhere yeah they're doing it they're doing it right now yeah and also like i'm
01:05:43.260i'm really starting to buy into a lot of this 5g stuff like i i keep seeing these experiments and
01:05:52.000i keep seeing articles trying to debunk the experiments but like plants that don't grow
01:05:56.500right when they're placed next to wi-fi routers and whatnot okay in front of me we have our two
01:06:03.260groups we have the wi-fi group here to my left and we have the control group here to my right
01:06:08.760which were nowhere near the Wi-Fi. Whether you can or can't see it on camera, there were
01:06:13.880big differences between them, mostly at the germination stage. Some of our Wi-Fi group
01:06:19.020seeds didn't germinate at all, whereas all of our control group seeds did germinate.
01:06:24.500There are slight size differences and rate of growth differences between both groups,
01:06:29.540with the control group doing better than the Wi-Fi group, and also one or two of the Wi-Fi
01:06:35.800group are slightly deformed whereas all of the control group are pretty normal pretty consistent
01:06:45.320now to recap really quickly we took 16 seeds in each group we put two seeds into each cell
01:06:51.160tray to eliminate bad germination affecting the results the variety that we used was autumn
01:06:56.120calabrese broccoli and and the power of these signals in causing problems with people and there's
01:07:03.800there's all kinds of theories that go around about that and i realize that there's so many people
01:07:09.180that want to just dismiss this out of hand i'm like why because i here's the thing i remember
01:07:14.040this is the same generation that when laser eye surgery first came out they were cautious about
01:07:20.180that like oh what happens at the 10 year mark what happened you know they don't know but everyone
01:07:24.160just immediately bought into that all these electromagnetic signals are they have no effect
01:07:29.360on anything ever and i mean if you know anything about life or reality you would know like everything
01:07:35.660impacts everything all the time yes everything is in movement always forever so the idea that
01:07:41.900we just we're being we're blasting all this new type of radio waves and information and radiation
01:07:47.880that but yeah you don't have anything to worry about it that's and if if you are worried about
01:07:52.300it you're a dumb asshole i'm like we really accepted that very quickly and i don't think
01:07:57.840we should have you're telling me there's no effect on anything even at a low level like mood
01:08:02.260irritability anxiety nothing bullshit so it's another case where if if they have an actual
01:08:11.280scientific explanation the best thing they could possibly do is come out without all the fucking
01:08:16.560attitude and explain it to us but the the tack they're taking is uh is like the schoolyard
01:08:22.260classic uh well if you don't know i'm not going to tell you you loser you dumbass like we're the
01:08:27.080idiots even though we've come up with a bunch of reasons why we think it's dangerous and you're
01:08:31.200essentially just hand waving it away don't you know anything about radio frequencies dummy like
01:08:37.380no i mean we do we're the ones we're the ones looking into it's like the vaccines like we're
01:08:41.220the ones looking into it and there's one idiot talking about tiny robots and you cast all of us
01:08:47.500in the same you know mold and say that we're all saying the same thing we're not a lot of us are
01:08:52.040afraid of you know other other reasonable shit so it's like oh so you think all these 5g signals
01:08:59.920are trying to beam orders into your head i'm like no but maybe it makes kids want to kill themselves
01:09:05.080i don't know or maybe it increases the rate of cancer by two percent that's fucking severe that's
01:09:11.460bad man like that's the my whole thing with covid i don't know if covid was designed to kill people
01:09:16.280but the the vaccine certainly was and i'm not saying it's a mass killing machine but it kills
01:09:21.820people it doesn't even kill that many people but it kills people the vaccine kills people
01:09:25.960that's not a conspiracy this it's killing people today so like it doesn't have to meet it's a 500
01:09:32.760million people or is it 10 000 even if it's 10 000 it's killing people talk about it you don't
01:09:38.020want to talk about it you're part of the problem yeah and there's studies here i mean i'm looking
01:09:41.980at one effects of wi-fi radiation on germination and growth of broccoli pea red clover and garden
01:09:48.320crest seedlings and there's like a study a bunch of like school kids did in 2016 2013 where they
01:09:55.940put uh plants next to a router overnight and they the roots went brown and dried up and all these
01:10:02.880articles are like oh you know it might have been the heat given off by the router that did that
01:10:07.260but i'm also and what they'll say is like oh first they give you that patronizing chuckle
01:10:11.840and they'll say oh there's no evidence that supports that like anytime a science fucker
01:10:18.260says to you there's no evidence to support it that just means what it sounds like there's no
01:10:22.560evidence either way but also if you try to seek out evidence or conduct a study they'll laugh at
01:10:30.220you they won't give you funding they won't allow research like how many studies have been done
01:10:35.360into this actually i bet there haven't been any right who would have done it the wi-fi the the
01:10:40.100fucking telecom companies probably not well that's the thing is you can't trust and maybe this is
01:10:45.180part of the nature of conspiracy theories but like you can't trust the the mainstream to do
01:10:49.460these studies like if a university of a major university or a government institution came out
01:10:54.240and said 5g is safe okay but who funded that study right like you're saying i mean they're
01:10:59.560the ones who are benefiting from it if it is a tool of social control or it's meant to curb the
01:11:03.500you know population growth then of course they're going to say that you want it yeah and also this
01:11:10.020cuts both ways because just so people know i'm not always wandering out into the weeds on these
01:11:15.420issues i was watching a video earlier an interview on um this one of the previous owners of skin
01:11:24.180walker ranch and a lot of people who are into this sort of stuff will know what skin walker ranch is
01:11:30.780this piece of property where there's supposed to be a high incident rate of ufos and paranormal
01:11:36.880activity everything from ufos to poltergeist it's just like a place where shit happens
01:11:41.940and it was one of the guys who was a scientifically minded guy who purchased the property and was
01:11:48.980the robert bigelow i believe it is yeah hold on people know of you because of bigelow aerospace
01:11:55.820they know that you're this billionaire investor and you're a very successful businessman but you
01:12:02.040have a deep fascination with ufos yeah yeah sure do and you know i'm i'm open-minded i'll hear all
01:12:13.060this stuff however approaching this with the same mindset that i did the 5g stuff there were some
01:12:19.720red flags of the stories he was telling you know i'll give you two examples from the interview
01:12:25.160that i heard earlier today well because this is what i listen to when i'm at the fucking gym
01:12:29.440right i listened to skinwalker ranch boomer hour yeah he said he went there to study uh the these
01:12:38.120balls of light these ufos and became less interested in the ufos and more into the
01:12:43.480kind of telekinetic maybe interdimensional stuff anyway he was talking about how
01:12:50.600they did an experiment where long story short they put a bunch of stuff in the kitchen table
01:12:56.920a bunch of marbles and string and stuff
01:23:11.240Can you imagine that? Can you imagine not getting this fucking great beet reporting?
01:23:17.380And again, come back to chemtrails. Oh, they're not spraying chemicals. Why? Tell me why. Tell me why they wouldn't.
01:23:23.080Well, they are spraying chemicals because they need to cause beet formation. So they are spraying chemicals.
01:23:27.940Objectively, they're spraying like they're it's salt and whatever else.
01:23:30.760Maybe it's not mind control drugs, but they are literally filling chemical tanks and sending planes up with the express purpose of spraying chemicals into the air to cause cloud formation.
01:30:42.520i guess we can get into the big part of the show that i think we'll start now because it might
01:30:51.120might end up taking longer than i thought because we're going to get into a topic that is still
01:30:59.580continuing on the economics arc that we've been on but this we're getting into an area that you
01:31:05.980are very very passionate about and you you kind of let me go on the last one about princes of the
01:31:12.780yen by richard werner but you're a great student on economics being a a retired libertarian
01:31:20.580as all the best of us are um and i i think this is a book that i found very very interesting and
01:31:30.460i like it and you don't and i want to hear both sides of this so i'm going to describe
01:31:36.900what it says in the book with the disclaimer that i might lean more towards this sort of thinking
01:31:46.640but you're completely against it and i think it's important to show both sides of this so
01:31:51.680and and i think we were talking about before you got a lot to say so that's why i'm kind of giving
01:31:56.080us a bit of a wider berth on this part of it but i'm gonna try not to flame it because the guy
01:32:02.740mosler is is very well respected um it's not like he's uh i personally think his ideas are
01:32:11.420crackpot ideas but like from a social standpoint he's not a crackpot he's probably historically
01:32:16.920one of the the most well-respected living economists even though he's not actually an
01:32:21.960economist but that's how he's treated so all right so the book is i actually had two of his books
01:32:28.120uh the one we'll talk about now is the seven deadly innocent frauds of economic policy
01:32:34.800and i had another one of his called uh soft money economics the second one and these are very very
01:32:42.380short books and i found that each book was kind of repeating itself i believe he wrote seven
01:32:47.820delhi instant frauds as kind of a nice way to encapsulate his other books as sort of a career
01:32:53.300retrospective it summarizes a lot of his ideas it's like 100 pages anyone could get it read it
01:32:59.300in an afternoon if you want to um he's very very to the point with his ideas and i believe you've
01:33:05.620read this one uh you know what i actually haven't read any of his books what i've done is i've
01:33:10.640consumed he hasn't he runs an institute like an economics institute and i've read a lot of his
01:33:15.080articles and i've watched i've watched like a hundred hours of his interviews and debates with
01:33:20.660other economists okay now this is good because this will just summarize all this stuff in fact
01:33:24.300You might know very well more about this than I do, which is why I want you, feel free to jump in, feel free to interrupt and feel free to go off on as many rants as you want to, because I think it's important because what we're trying to do, not just promote and investigate other ideas, it's to really get to the heart of the matter.
01:33:42.320um and you know i've read a lot of other economics books prior to the podcast that we never covered
01:33:49.980on the podcast you know i read wealth of nations i read i read some um milton friedman as well
01:33:57.900like that like the very very basic boilerplate capitalist stuff a lot of the build that stuff
01:34:03.660they would give to you in economics classes i read that so i have that perspective even though
01:34:08.380we haven't really given it the spotlight in the show before maybe we will at some point but
01:34:12.700um the arc that we're on right now is a bit more i would call it spigot friendly
01:34:19.220um yeah my basically i respect that that's what we do right like we're going through this right
01:34:25.300now this and princes of the yen are related you you support it i don't we're gonna discuss it but
01:34:32.020that's the point is to get the the story out there like let's talk about the fucking book
01:34:36.620so i'm not going to try to throw him under the bus until the last minute yeah so and i'll just
01:34:41.280go through it's it's pretty simple a lot of it and even the last fraud the seventh uh sin
01:34:46.540isn't even really a sin it's kind of like because he also uses this book as a launch pad to discuss
01:34:53.100his run for governor i believe like i think he released this book because he was seeking a
01:34:59.540career in politics and he has a list of his policies at the end of the book i think are
01:35:04.660kind of interesting and that's kind of what we'll end on his his recommendations for how to action
01:35:09.560his ideas and i appreciate that i appreciate someone who's got the theory but then also as
01:35:15.020here's what i would do if if i if i like this is what we were talking about earlier if i got
01:35:19.960everything i wanted if you gave me power if i got the capital here's five things i would do to make
01:35:25.300the country better i at least appreciate that sort of motivation anyway so um so let's
01:35:34.640start with the first fraud and these are what he calls frauds they're innocent frauds so he
01:35:41.300believes they're just misconceptions so he's kind of being fantastical with the language but he's
01:35:47.080just like most of this is ignorance most of this is just people think it's one way but it's actually
01:35:51.220another and they don't know any better and throughout the book he will cite conversations
01:35:56.700he's had with various congress people or senators or other economists people he's debated you've
01:36:01.680seen him in many many dates before so this is something that he does um and that's i just sorry
01:36:08.580i don't want to i don't want to interrupt the whole thing but it's interesting to me so you
01:36:11.600said it's a it's a 100 page book it's a quick read but you said a significant amount of it
01:36:16.940is anecdotal conversations that he's had with people he'll he'll mention it so he like
01:36:22.460a lot of no that's fine because like there's a lot of economic books out there that are longer
01:36:27.580much longer than 100 pages and don't include that almost at all and the reason i bring it up is i
01:36:33.040mentioned this to you before we started the show this book is used almost like an economic handbook
01:36:39.080by uh ilhan omar and aoc and a lot of the far like bernie sanders a lot of the far left congress
01:36:47.900people and senators right now are this is this is essentially it's not a textbook but it's almost
01:36:54.000like a like a like a primer for modern monetary theory which was more or less originated by mosler
01:37:02.080so yeah basically what a lot of those individuals and these people are not typically economically
01:37:08.400minded people but i see why they would like this because uh in short what he's advocating for is
01:37:16.800like a lot of what fiscal conservatives would cite as like the deficit is bad we have a deficit we
01:37:23.280should not have a deficit we shouldn't be in debt we shouldn't just create money and create credit
01:37:30.100we should be more restrained and conservative in our spending and he's saying the opposite um
01:37:36.240the large and we'll get to this in a second but if i had to give like the brief headline it's like
01:37:40.920sense and we'll get into this even further in the next episode we talk about the role of the central
01:37:45.620bank is that since uh the dollar became decoupled from the gold standard we have what's called you
01:37:52.500fiat currency fiat currency and a lot of people understand it's like oh it's nothing it's just
01:37:56.340paper it's made up but we don't have a gold standard now we effectively liberate ourselves
01:38:01.540and that in theory gives policy makers a lot more um freedom to uh construct policies which
01:38:08.340they generate full employment and and and yet we don't do those yeah i like to say it opens up
01:38:13.140their options yeah far beyond what are the imagined options today in washington and some
01:38:20.500Some people will say that to discredit the financial system.
01:38:25.800And he's saying that can be used to our benefit because what he's saying, since it became decoupled from any sort of anchor, any sort of card commodity, it's like, really, it's just numbers on a spreadsheet.
01:38:41.300And he said, with the right application, you can essentially create infinite credit.
01:38:47.120And as long as it's applied in the right areas, in the right productive forces, that there's almost no downside. You can have growth indefinitely. What he would also say is that if you misallocate the money, that's where you get inflation. That's where you get all the all the bad stuff you talked about.
01:39:05.880the core of MMT and for the elevator speech, if you understand this, you've got a big head start
01:39:13.080into the big change that MMT has made to policy, and that is sequence. Up until that time,
01:39:20.140all thinking, all mainstream models, all discussion implied or understood that the government had to
01:39:27.160get money first through taxes, presumably, before it could spend. And every congressman,
01:39:34.100every member of parliament they understood they had to somehow get money in before they could
01:39:38.820spend it and what they couldn't get in taxes they would have to go out and borrow and in the u.s the
01:39:44.580metaphor is you borrow from china and leave the debt to our children and that sequence is pervasive
01:39:52.500there was no no one questioned that sequence all the mainstream models that had g minus t equals
01:39:59.540this and that the presumption was that the government would take in through
01:40:03.940taxing or borrowing you know the funds that it was going to
01:40:06.820spend that that's okay now modern monetary
01:40:10.420theory turn that turns all that around with the
01:40:13.060understanding that that's that's entirely backwards that the
01:40:17.460the government through its agents the federal reserve
01:40:20.180one way or another is the source of the dollars
01:40:24.020that are used to pay taxes they don't come from
01:40:26.900the pro the private sector they come from the government he's basically saying a lot of the
01:40:31.580constraints that people typically think exist don't really matter that that's the big headline
01:40:38.200of the book as far as i'm concerned um and we'll get into the actual things and so that's the first
01:40:42.460deadly innocent fraud fraud one it said the federal government must raise funds through
01:40:47.320taxation or borrowing in order to spend that's the innocent fraud in reality the federal government
01:40:54.420can always make any and all of its payments on its own currency no matter how large the deficit is
01:41:00.600or how few taxes it collects so that that's i think that's he leads right with the most that's
01:41:06.980just a fact yeah yeah yeah that's that's just a fact but this is a sorry i i won't no no i i would
01:41:13.180i would like you to jump in as much as so i i'm gonna just paraphrase it back to make sure just
01:41:17.400so that you can catch me if i'm not saying the same thing but you know people in congress and
01:41:22.680people in in the government seem to think that they can only spend money that they take from
01:41:26.980the population through taxes but the truth is because they control the printing press they
01:41:31.140can actually print as much money as they want um and that is factually true it's factually true
01:41:39.740in the sense that we no longer have a gold standard and they have you know itchy trigger
01:41:44.540fingers and a printing press they can literally they have the physical ability to print as much
01:41:48.160as they want that's what he's saying you will notice that in that statement there is no value
01:41:52.580judgment we're not talking about consequences we're not you know i'm no i know he's going to
01:41:56.420talk about them in the other six but at this point he's laying the foundation rhetorically by saying
01:42:01.080we can literally do whatever we want saying i can do whatever i want is kind of like saying
01:42:05.380i can step on the train tracks i can i can yes you can go ahead and do it and see what happens
01:42:11.460that's where he's got a line here that says the government itself neither has nor doesn't have any
01:42:17.540dollars any more than a bowling alley ever has a box of points when he says when it comes to the
01:42:23.480dollar the federal government is the scorekeeper that's excellent you know what i think bowling
01:42:28.420alleys should implement that they should give free points to anybody who wants them at the bowling
01:42:32.400alley let's do that and see how long bowling alleys last no no here's let's keep doing this
01:42:37.140i think they should give me all the points because i there are certain people during certain games
01:42:43.580that should bowl a 700 game yeah i look i know you're being funny but the great thing about it
01:42:49.840is you've identified the role of modern monetary theory in our economy in our society right now
01:42:54.920it is the economic economic theory that supports tyrants it is actually designed it's purpose built
01:43:01.640and funded by tyrants so that they can take your money justify it economically and do whatever the
01:43:07.140fuck they want with it that's and i i played my hand but that's what mmt is dimes goes to the
01:43:12.760bowling alley and he thinks he should bowl 700 they give him all the points and at a at gunpoint
01:43:18.160he tells everybody else there's none left yeah i'm gonna again spoil my own argument here because
01:43:23.900i was gonna make this at the end what i'm advocating what people don't usually like about
01:43:28.860there's this idea of like spigots spigots like you turn it yeah and the water comes out in this
01:43:34.020case the free money or the credit i'm a big spigot guy yeah so the reason a lot of people say
01:43:41.300most people don't like spigots is because they're just turned on over frankly useless minorities
01:43:47.260that's what they'll say like it's turned over it's cranked open over the black community or
01:43:52.860the aboriginal community and there's no spigot turned on over the cool schizo white guys
01:43:59.380and all i'm saying is like crank open the spigot over the cool white sociopaths like myself and
01:44:07.600then watch watch everything get better i like that twist i like that twist i i the only the
01:44:13.780only framing that i would change there i agree with like functionally what you're saying we
01:44:18.860should do that exact thing but you need to just understand the damage the economic and social
01:44:24.620damage that this theory in practice causes essentially amounts to war and what you're so
01:44:30.140what you're saying is this is an a theory which we can use as a weapon in an ethnic sectarian civil
01:44:36.040war to starve and rape our opponents yes yes do it let's do it mmt aryan mmt all the way yes let's
01:44:46.620go yeah i i we i've already won i've already won okay but as as a as a peacetime economic theory
01:44:54.400in a high trust society the people that support this who are all jews need to be hung so yeah
01:45:00.380here's the next part i want to get to i want to get to this now um because it kind of ties into
01:45:04.920he front loads the book i think the most important stuff is the beginning of the book it gets kind of
01:45:09.800repetitive near the end a bit more anecdotal but the real crux of his arguments at the front end
01:45:14.800of the book he says this does not mean that the government can spend all it wants without
01:45:19.720consequence overspending can drive up prices and fuel inflation but never insolvency or bounced
01:45:26.760pension checks and this is something i wanted to talk about and and this is a big topic and maybe i
01:45:32.520i shot myself in the foot by getting into it now but what we talk about especially is like
01:45:38.160millennials and zoomers and and this generation it's like oh my god what eventually the pension
01:45:43.520is going to run out eventually like there's going to be not enough money there to pay all these
01:45:48.600retirement funds and he's basically saying that there's probably never going to be a future where
01:45:54.520the pensions the pensions alone are going to run out they'll let a lot of stuff collapse but they
01:46:00.060have the power to make sure the pension checks the retirement checks always arrive now it might
01:46:08.260be the case that we're just not afforded that as young people but as long as you know there's never
01:46:13.320going to be a situation where like old people seniors and boomers stop getting their retirement
01:46:18.540payments that's so i think that's the claim you think that's never going to happen and they'd
01:46:23.200have the power to just do that forever or until they all die but there is a casual omission of
01:46:28.760the cost of that he can't again i'm not disagreeing that you can do that the government could do that
01:46:33.600today he's advocating the government should do that today but he's not talking unless he is later
01:46:38.520but he's not talking about what that would cost and let me just okay let me return to i wanted to
01:46:44.420say that and i want to return to what we were just talking about because i think it's interesting now
01:46:48.100before the episode you had made a good point and we were talking about um kind of the allocation
01:46:55.640of capital and whatnot now i've got a hypothetical for you kind of based on what we're just talking
01:47:01.200about what if because your point was that any centralized planning that tries to replace
01:47:08.700market forces will end up with a misallocation of the capital and just centralized planning
01:47:14.060doesn't work very well now what if there's a hybrid model where you have the free marketplace
01:47:21.680It's kind of, quote, unquote, free, free-ish, kind of like we have now, and that the central planners kind of identify what productive forces emerge and choose just to bet on that.
01:47:35.020For example, what if, you know, some bank, the central bank, decide to free up a lot of credit, essentially turn the spigot off of black people and crank open the spigot over SpaceX and Elon Musk's companies?
01:47:50.940wolfie reallocated all the free welfare shit and put it in this one company that emerged
01:47:58.500organically emerged from the market in a way it didn't really because spacex and
01:48:03.020musk have been taking government subsidies this whole time which might be evidence that worked
01:48:07.000but i'm like would that be offensive to you if we just if there was like boundless free credit but
01:48:15.000it was all pointed in the direction of colonizing mars this you're talking about two different
01:48:22.200things and this is again one of the rhetorical traps that the way that mosler as a sneaky jew
01:48:29.040writes and a lot of a lot of to be fair a lot of economists write this way because they know
01:48:33.560people don't grasp the theory but you can talk about i'm going to write my theory supports the
01:48:39.940thing you want right and then the other part of it is my theory in principle uh supports your
01:48:46.080culture and your morality so which is to say you might not get the thing you want but it creates
01:48:51.440a world you want to live in so if the government through this central planning decided to fund
01:48:59.100musk to colonize mars yes i want that i you're giving me what i want but i'm also my iq is above
01:49:07.600So I'm saying, regardless, you are still doing that through a system of tyranny, which does not agree with my moral principles. And functionally, I know that the fact that you gave it to him means that when the Democrats are voted in in four years, they can just as easily take it away and give it to the niggers. And I would rather that power not exist. That's a political argument. There's also an economic argument against it, but that's the political argument against it.
01:49:35.240now i'm for taking all the money from blacks and aboriginals and giving it to elon musk now call
01:49:42.580me crazy i look i love that but again you have you have to be able to separate it morally
01:49:48.360and say what you're doing is tyranny now it might be you know righteous tyranny against your enemies
01:49:54.600i'm fine with righteous tyranny against my enemies but don't ever call it good economics it's not
01:50:00.600it's war you are rape you're raping the enemy that's what you're doing yes and that is but
01:50:06.680it's not economics though it's not economics though because you can't take the reason i say
01:50:11.300it's important is because if you want to take that system when the war ends and you've killed
01:50:14.760them all and the whole population is white and they're friendly you're going to apply that system
01:50:19.200to your own people now you have now you're raping your own people for economics so that's the reason
01:50:24.960that we have to make the distinction this is a great theory for wiping out our enemies it is
01:50:29.660not a great theory for building a growing healthy economy with lots of employment all i want from
01:50:35.000you from this episode is you to sit back and let yourself become a tyrant just let it just let it
01:50:43.080happen look i'm a selective tyrant i don't want to tyrannize my own people i'm not just a tyrant
01:50:49.440only now here we go with tyrannize what is it what do you say before longinus longinus longinus
01:50:58.080longinus i did look it up by the way it's not longinus it's longinus
01:51:01.260like j like jam i like tide that's the pronunciation longinus when you say you
01:51:08.660looked it up where did you where did you look this how did you look this up when did you know
01:51:13.280when you you know when you go to wikipedia yeah they have the english pronunciation on the top
01:51:18.860page you can click on it and they'll show you yeah but that's all written by swedes and such
01:51:24.080Well, you know what it is? There's Longines, which is the watch brand, which I got wrong.
01:51:28.980But I was talking about the spear of Longinus, which Longinus was the Roman guard that threw a spear at Christ's torso.
01:51:36.260Because really, why would they name a watch after that?
01:51:39.560Well, they did. It is the same word, but the watch is a Swiss brand, so it's a French word.
01:51:45.400I don't know. It's a fucking huge thing.
01:56:04.660He said he gives an example of parents, parents with a few kids and you distribute coupons for them.
01:56:14.500Like the parents demand 10 coupons a week from their children for chores.
01:56:19.660And when the parents don't actually need the coupons, basically money and taxes are a way to drive production.
01:56:26.020It's to get people to do something that you want, which makes sense to me because that's all money is.
01:56:31.980money it doesn't exist but what money drives people to do is to be productive and he actually
01:56:40.220gave an example of this is actually what they did in africa in the 1800s he said when the british
01:56:45.980established colonies in africa to grow crops the british offered jobs to the local population but
01:56:52.220none of them were interested in earning british coins what they said was they placed a hut tax
01:56:57.820everyone has to pay a hut tax uh so all of your dwellings were the government you got to pay us
01:57:02.460um and then that's only payable in british coins so suddenly the area was monetized and
01:57:08.060everyone needed coins they started like trading with each other doing things to get coins like
01:57:12.700they just i'm gonna i'm gonna stop you right there because this was just so obvious so look
01:57:18.380and look i don't like africans any more than anybody else does but we're talking about this
01:57:23.260as a model for an economic system so you're saying you have a project and there's people who you need
01:57:29.840you need them they don't need you right you've asked them to participate and they said no i'm
01:57:34.640not interested you don't have anything i want i'm busy fuck off and you said no i need you
01:57:41.440so here's what i'm gonna do i'm gonna point a gun at you i'm pointing a gun at your fucking
01:57:45.700your child's head you're gonna give me the dollars that you don't have or i'm gonna kill
01:57:51.860your fucking daughter and the nigger says well shit where do i get the money and he says you
01:57:56.980work for me now you have the money now you can pay me you never had the money now you have it
01:58:02.320but it's gone because you paid me back the net interaction here is i get all of your labor for
01:58:08.760free and you get fucking nothing what you do get is all the work you were doing in your community
01:58:15.240the farming and the church building that doesn't happen now because you're a slave to me so yeah
01:58:21.760this is a great system for enslaving someone you've literally you're essentially just defined
01:58:27.160slavery but it's a special type of slavery which is administered in such a way that the person of
01:58:33.720below average intelligence thinks it's economics but it's fucking straight up slavery but that is
01:58:40.900our system it's literally how they made money the united states of america and that was my
01:58:46.080and that was my other point is that he said in the first sin right he said in the first sin that
01:58:52.140you know congressmen and senators and all these people who have been administering this country
01:58:55.700for 250 years but apparently no less than him all of these people believe that we need to tax in
01:59:01.180order to pay for services but that's not true he's established that now and now he can go and tell
01:59:05.800you what it's actually for but the thing is the first one as i said earlier isn't fucking true
01:59:10.480You actually do need price discovery, which means you need to tax the people based on their income, based on the number of people you have, and use those dollars, and those dollars are used to pay for the services.
01:59:24.140We have a friend, a government worker friend, who believes that the private industry creates nothing, that it exists at the behest of the government, and the government creates everything.
01:59:32.740But the reality is no government worker has ever put a nail into a building, has ever, you know, framed a house or ever shingled a house or has ever farmed a fucking plot of corn.
01:59:43.280All productivity is the private sector.
01:59:47.060Everything that you eat and you live in comes from the private sector and private sector people need dollars to pay for food for their fucking families.
01:59:55.020So, yes, actually, you do need money to pay for those things.
01:59:58.180so the reason that like again he's he's got you the listener or you the reader into this loop
02:00:05.260thinking well the money doesn't matter what is the money actually for oh the money is a tool of
02:00:10.080our own enslavement we should get rid of it no the money isn't a tool of your enslavement the
02:00:14.860money was created as a system as a token or a marker as equity to represent the labor that
02:00:20.420you've done which we as a community value right now you can use it to go and trade for something
02:00:25.020else that's what money's always been and every other economist except people who are bought into
02:00:28.960mmt understand this basic truth even the fucking keynesians understand this sorry i mean i just i
02:00:35.980guess i disagree because we've we've discussed how money was created it was literally like it
02:00:40.160was created by governments like there before governments there was no money like you had
02:00:44.360labor and stuff but it was just to extort it was to control but that isn't but that isn't true
02:00:49.140though we had a gold standard prior to 1970 but why do people care about gold like there was a
02:00:54.320pre go like people weren't just paid chunks of gold right so this is just money just basic money
02:00:59.520theory when you when you labor right you can labor for yourself but you would never do surplus labor
02:01:04.320unless you thought you could exchange that labor for some kind of equity that was tradable and
02:01:08.160fungible that was worth the labor so if you have a community where there's a system we'll call that
02:01:14.400system money but it's a system whereby you can do surplus labor and other people even though you
02:01:20.080didn't labor for them and there might be a time gap between you and them you can actually take
02:01:24.800that labor refine it into something like a gold coin give it to them and they actually value it
02:01:30.080enough that they will give you something that you want later on in the day that's totally unrelated
02:01:34.320like you can build a house and they'll give you a chicken that's where money comes from it was not
02:01:38.960created by government like all things money is just a resource it's a it's money is more similar
02:01:45.280to churches or to corn than it is to a government institution thinking of money as a creation or
02:01:52.080institution of government is like thinking of education and health care as an institution of
02:01:56.000government it's something that they realized was profitable and important for controlling society
02:02:00.460and so they have captured it but money is not a creation but i was thinking like money is the
02:02:05.660representation of the capture of all that all that stuff predates money money was a way for the state
02:02:11.040to to quantify it and i'm saying the money is the money is gold like they're it historically this is
02:02:16.500not arguable prior to government to organize governments every society even like pre-written
02:02:21.300societies all had forms of money money is just the thing that humans have always done but it was
02:02:26.640a thousand years but it was meant to buy the governments of those like there's no way around
02:02:31.300no one made coins no individuals made coins judas like it was a central thing okay for example
02:02:38.540you there's two examples here so first of all ancient ancient governments didn't first of all
02:02:43.540they did collect money but they didn't have money they used grain so like the babylonians and whoever
02:02:48.540they would literally use grain for payment so they're using grain as a medium of exchange it's
02:02:52.700bad money but money does money doesn't mean currency i think you're talking about currency
02:02:57.040like coins and dollars and things like that currency has a type of money but money is just
02:03:02.040a medium of exchange money is anything that people trade because the work that they done
02:05:44.140Number two, they needed some to be out in the street.
02:05:46.180That's the net money supply in the economy.
02:05:48.440Okay, the coins in the street are the public debt.
02:05:50.280They're the net money supply in the economy.
02:05:52.140They're the equity that supports the entire credit structure.
02:05:54.780this is i my personal belief although i haven't heard too many people talk about this my personal
02:06:00.400belief is the inclusion of this in mnt is a way to capture low iq right wingers into their sphere
02:06:06.440and the reason is people that have studied right wing economics you know um friedman for example
02:06:13.920if you've stuck if you've looked at friedman who's pretty basic you would know that yes taxation is
02:06:19.220essentially theft but the biggest tax especially lately the government levels against us is
02:06:24.480inflation which is to say you hold on to money expecting the price of a good to be a certain
02:06:30.640price later on and when you go to buy that good it turns out that it's not five dollars anymore
02:06:35.200it's 12. right that's what that's the biggest tax that we deal with like if your income
02:06:41.680is a hundred thousand dollars and the government has ten percent inflation you've lost ten percent
02:06:47.520of your income which is you know imagine if the government put a ten percent tax on you
02:06:53.360there would be a revolt and so the whole problem with him saying oh you know don't worry about
02:06:57.680taxes we don't even need to tax we're just going to spend we're just going to print and spend
02:07:02.800and then he's lying to you when he says there won't be inflation he has no proof of that there
02:07:06.880will be and then the problem with inflation is it's a tax for which there is no congressional
02:07:12.560hearing or bill passed there's no way for the public to pass judgment on it and to the majority
02:07:17.200of the public they don't view inflation as a tax they don't even understand they're being taxed
02:07:22.160To them, it's an act of God, which is, again, why this is so tempting to tyrants.
02:07:27.340Well, this is why I think it gets perverted by the AOCs of the world, because when I hear guys like him, and I haven't listened to as many debates or anything as you have, so I might be way off on this, but he's not even saying, at least from my perspective, that that means that we should get rid of taxes.
02:07:44.480he's saying but this is the function of taxes as a way to both inflate and deflate as we need it
02:07:51.420because you need to inflate and deflate the economy at various times to just just to control
02:07:56.900it that's what the central bank does it inflates it inflates deflates but then i will just say i
02:08:02.420will just i just want to point out just further further for reference and somebody can ping me
02:08:05.740on this if i'm incorrect but the whole idea of inflating and deflating the economy through the
02:08:09.780business cycle using tax money to do that like either holding it or releasing it or printing
02:08:14.140more printing less that's business cycle theory that's only been around for less than 100 years
02:08:17.920and it is very very modern and the concept of taxation to pay for public services we just
02:08:24.000talked about has existed for 5 000 years so for him to say the whole point to taxes is just slavery
02:08:30.180and to like juice the business cycle is ridiculous because we've only known about the business cycle
02:08:34.660since the first world war so could we make the argument that we're in unprecedented times though
02:08:40.180because money is decoupled from any sort of commodity he's right no but he doesn't say that
02:08:46.360he wants it to be even more decoupled currently previously that money was coupled to a hard
02:08:51.900commodity which cannot be increased in volume which is gold right i'm not saying it's great
02:08:56.920i'm just saying it was better than fucking nothing we decoupled and then it's essentially coupled to
02:09:01.860like the trust in the government that's all that's all it's been coupled to since the mid 70s
02:09:06.640is our faith that the government won't rape us and now he's saying essentially we don't even need
02:09:12.160that we don't even need the taxation which is and by by taxation i mean the government used to not
02:09:17.920be able to collect say 50 taxes because if they did we'd murder them right so there was a limited
02:09:23.380amount of tax funds now he's saying don't worry about taxing you can have infinite money but that
02:09:27.920will still come to us through inflation so yeah it's actually it's it's not he's not going back
02:09:32.820to the gold standard he's going the opposite direction at x accelerating in the opposite
02:09:36.880direction well i guess the argument against that would just be that there's no conceivable future
02:09:42.280where we recouple with the gold standard i i don't think so i mean i think the conceivable future
02:09:47.520where we recouple with the gold standard is death of 150 million people but it's yeah you're right
02:09:54.540aside from that no there's no way because the entire system corporations governments organizations
02:10:00.520all rely on constant growth through money printing and fiat inflation so yeah no you're right that
02:10:06.580the only way to you only swirled where we couple back up with real goods is a lot of blood yeah
02:10:13.280basically even in the next book we talk about called the money revolution it really comes back
02:10:18.040to nixon in the 70s once we we i mean the dollar uh became decoupled from the gold standard it
02:10:25.660basically said like all bets are off um everything is and if you look at the way that the deficit is
02:10:32.120if you look at the amount of government debts in the trillions there's i think the way at least
02:10:38.360the way i see these guys looking at it which is like there's no way back the only way out is
02:10:43.600through the only way it was like post covid i think american like debt in terms of credit is
02:10:52.220like three trillion dollars it's something ridiculous and then the only way that makes
02:10:55.840sense yeah yeah and the only way it makes sense is and he kind of gets into this in the book which
02:11:01.180is like this is never getting paid down because it doesn't even make sense to pay down because
02:11:05.620it's like oh yeah it's made up um so it's funny that his solution to never paying it's never
02:11:11.000getting paid down he's looking at that and saying rather than saying this is a disaster we need to
02:11:16.840resolve it he's saying hey look free money well it just keeps increasing and we don't have to pay
02:11:22.060it down let's take more well what he says is it's not so much the money it's what the money causes
02:11:28.040to happen like releasing or taking money out of the system controls people's consumer spending
02:11:34.020and that's something you want to control just like money like in the africa example money doesn't
02:11:39.440matter it's you're controlling the productive forces you're getting people to work you're
02:11:44.360creating that demand so what the government actually cares about slaves though i just want
02:11:47.900to bring up again that that example though is not the same as us because they are literal
02:11:51.620slaves at the point of a gun unless and if you want to use the example it's fine but then we're
02:11:56.140just saying we're not talking about economics we're talking about we're slaves at the point
02:11:59.320of a gun at the end of this podcast you should pick up a gun and shoot your local congressman
02:12:02.620yeah but that's also that's that is what you advocate for because you know it's true
02:12:06.040i i know it's true so i am well i can't say that but no but like i know you can't you can't say
02:12:11.740it's not true though it's not wrong no like i said at the beginning most of the stuff he's saying
02:12:16.340right most of the stuff he's saying is true but the conclusion that he's drawing is exactly what
02:12:22.480you'd think a 60 year old hedge fund jew would draw which is this is an excellent opportunity
02:12:27.420for tyranny and rape and my conclusion is it's an excellent opportunity to gather a militia to
02:12:32.780murder tyrannical rapists i want to do some raping we're both agreeing that it's true and i'm saying
02:12:39.480this is like the dividing line that separates us from them in the coming sectarian war yeah and
02:12:45.180really like we're still at the first deadly innocent fraud no we made it to three at least
02:12:51.680didn't we in in the process of discussing we actually touched on all the other ones like the
02:12:56.040second one it's not a complicated theory the second the second fraud is uh with government
02:13:01.640deficits we're leaving our debt burden to our children he says in reality um higher what they
02:13:08.820says higher deficits today mean higher taxes tomorrow he says you know there's really no
02:13:14.140realistic way for children to even pay back what basically what he's saying and this is something
02:13:18.320i actually agree with he says we're in a situation right now where we're trying to limit investment
02:13:24.540in the we're limiting spending right now that would be spending that's invested in the youth
02:13:29.920because we're trying to save the youth from debt but he says that all that matters really is that
02:13:35.740young people are able to keep producing so it's like what we should be doing is spending but
02:13:41.220spending on education invest in jobs programs like making sure that the next generation did
02:13:47.340he actually say education we need to spend on education when we have like we have exponentially
02:13:53.020higher education spending we have education spending that would make the eyes bleed on
02:13:56.820any of our he's just he's saying like it results in worse all he's saying is like the government
02:14:03.780needs to treat the younger generation as production for like that's how but that's kind of what
02:14:10.200they're saying like they're not gonna be able to pay us to retire it's like no no one's paying
02:14:14.040anyone really it's just that you the government keeps going and you need people to keep the
02:14:19.900government going he's essentially saying we need to come to terms with the fact that we're all just
02:14:23.480slaves and the money doesn't exist all that exists is bullets well basically all he said is like this
02:14:27.440is what we did in the 60s and he said we did it in the 60s and that and it led to all this like
02:14:32.120free shit and then we stopped and he's like well you're in a position where you're kind of fucking
02:14:36.860over the young people right now no one's getting anything out of anything so you might as well
02:14:42.380like make it so young people can get more education and get more trained and more advanced
02:14:48.220skills or whatever just keep going on that track wipe out the debt and hand them a bunch of free
02:14:53.340goods that's essentially printed not even free goods just like free like training for
02:14:58.700for university i mean because money is a store of value right or currency whatever you want to say
02:15:03.400but like the point is is if you have debt and then you no longer have debt it's the equivalent of if
02:15:08.000you had no debt and you were handed thirty thousand dollars from an economic standpoint it's identical
02:15:11.780there's no difference and the same thing like well i'm not going to give you a car i'm not going to
02:15:15.320give you 30 grand but i'm going to give you a car now you have a car well the equivalent would be
02:15:18.800somebody who the point is it's the same fucking thing you've still inflated it because that car
02:15:23.760has value the people that made the car have to be paid which means somebody had to pay them
02:15:26.660you had to pay 30 000 for the car the people that you paid you didn't give the 30 000 to the kid
02:15:32.100you gave him the car but the auto worker got 30 grand and he's going to go back into the economy
02:15:36.140and he's going to drive up the cost of cheese by 20 and the big thing about this is they always
02:15:41.660hand wave inflation so i i would i think the big thing if people are listening to this is to hear
02:15:46.200mosler's primary argument for why this will not affect inflation the inflate massive increase
02:15:52.340in the like t1 money supply is not going to affect inflation what's the t1 money supply for
02:15:58.120the folks at home let's say just just i might have said that wrong but it's essentially the
02:16:02.440number of dollars floating in the private sphere so mom and pop have a checking account those
02:16:10.120dollars and then the the bank has cash in the in the till you know and the company that they work
02:16:16.980for has a safe the real money not the money on paper but like the actual money that's like
02:16:21.420accountable we talk about gdp the money that's moving around and is real that's the money supply
02:16:26.220so if you're you know you're increasing that supply right you know that if you are printing
02:16:31.280money that money that wasn't there before you're not destroying any of it you're giving money to
02:16:35.160people that didn't work for that money they might be in a bad spot you might think they morally
02:16:38.940deserve it but they didn't have the money now you're giving it to them what are they going to
02:16:42.340do with it they're going to spend it and spending is competition which causes prices to rise that's
02:16:47.020just basic economics but they always say that that it's not real so let's say we're in a situation
02:16:51.920right now where there's record lows of specifically young white men but also young men generally
02:16:59.920not going to school priced out of it whatever it is let's say government they did go to school
02:17:06.340racked up all kinds of debt went to fucking harvard or whatever got that debt canceled
02:17:12.340so that they've got an education now does like does that still cause inflation
02:17:18.240yeah of course of course how does that drive up the price of cheese though
02:17:23.460because they buy more cheese do you think a guy who has fifty thousand dollars or a hundred
02:17:30.060thousand dollars in student debt versus a guy who has zero debt and is keeping every paycheck do you
02:17:35.000which guy do you think buys more cheese well then it just sounds like we have an investment in
02:17:37.820keeping people like poor and sad we do that's how it currently works yeah but that's bad that's bad
02:17:44.000like this is a solution to that though no yeah but no it's not a solution because the price of
02:17:49.280cheese goes up and it cancels it all fucking out because it's like well now you have money in the
02:17:53.300bank but everything costs five times as much so you can't afford it anyways it doesn't matter
02:17:56.360none of it matters and in the process the guys that wrote this system they're taking a cut every
02:18:01.840time one of these transactions happens it doesn't go directly to you it goes through them and they
02:18:05.320take a cut that's why they're advocating for it again like this is a weapon of tyranny like if
02:18:10.600you're the tyrant this is the best possible system if you're at the top of this and you're
02:18:14.900the one doing it you can become literally like you you become xerxes but i mean for a normal person
02:18:22.560you don't want to be a citizen in a in a in a country where this is implemented and pretty much
02:18:29.000all i think we did cover all of the frauds essentially um like it basically it's like
02:18:35.120what what it's saying is in short everything you know about the monetary system it's actually the
02:18:41.380opposite that uh we need survive we need savings to provide the funds for investment um in fact
02:18:48.860investment causes he's kind of reversing the correlation between investment and savings
02:18:53.440um saying that you know essentially like we already covered everything's kind of made up
02:18:59.200nothing really matters so i think if we keep going through it's kind of going to be the same thing
02:19:04.120every like deadly innocent fraud five the trade deficit is an unsustainable imbalance
02:19:09.340that takes away jobs and output in reality what drives down unemployment is high taxes versus
02:19:15.220economic spending i think we kind of covered that anyway uh in the other things let me just
02:19:20.560get into quickly his policy suggestions i want to be fair on that front um his policy suggestions
02:19:27.780near the back of the book pretty brief um he advocates for a tax holiday basically a month
02:19:35.480where no need to pay any taxes um national service jobs uh he also advocates for universal health care
02:19:42.120that should not be surprising um he says we currently have a strategic oil reserve this
02:19:49.100should be extended to stores of other necessities for the purposes of emergency consumption which
02:19:54.100you don't really have much right now uh the purpose should not be to support special interest
02:19:59.580groups but to provide the consumer with real supplies of actual consumables during rainy days
02:20:05.000during crises during covid whatever it might be um he also had a plan in place which i'm interested
02:20:12.980to see where people let me let me hear you about this okay i think i know what you're going to say
02:20:17.360of this but his plan is that a plan where someone if they default on their mortgage the government
02:20:24.220buys it from them and rents it back to them at an affordable rate until they can over time buy it
02:20:30.080back so it would prioritize homeowners even those who couldn't pay for the house i think i know what
02:20:36.440you're going to say but what do you think about that there's i mean i don't want to have a 20
02:20:40.440minute conversation about it but every single leg of that process is the ripest possible thing for
02:20:46.060fraud so both fraud fraud from the government to juice house prices so that they can buy them all
02:20:51.740up and rent them back out like black rock price fraud for the homeowner to get into a house that
02:20:56.480they can't afford knowing full well that they'll be able to rent it rent it meanwhile a private
02:21:01.200home a private landlord would never give them that deal but the government will which will destroy
02:21:05.640i mean if i thought we're a pro landlord podcast we we stan landlords here that's that you know
02:21:13.800what it is that's a great way to speed run government owning all private housing or there
02:21:18.480no longer being private housing that's what would happen that is eventually yeah let me just say
02:21:22.740this so when you before the show you think that warren mosler as uh as someone who's consumed so
02:21:31.120much of his content do you think he has any sort of agenda that he's not being clear about or you
02:21:36.920talked about how a lot of the democrats like him do you think they like him for the wrong reasons
02:21:40.700the right reasons or you think he's i think i think the first thing for our guys to do is look
02:21:45.000up a photo of warren mosler actually his physiognomy is that of a rat jew and he was a nobody hedge fund
02:21:52.660manager like he made a lot of money he probably made 50 100 million dollars but for a hedge fund
02:21:56.120manager he was not that successful he's not that right and the next thing i would say is go look
02:22:00.680at his interviews because he's not that well spoken he stutters over himself he's a little
02:22:04.100bit confused and he contradicts himself a lot and it's interesting that these books only came out in
02:22:08.900the last 20-ish years and they only came out as he started to make friends in congress and in the
02:22:14.200senate and this is to me it's not like it's a new story it's just classic he is a he was a weak
02:22:22.260loser and a jew who was looking for a way to juice the system he made friends with some
02:22:29.100unscrupulous and fraudulent people in politics let me just say he also he also lives in the
02:22:33.960virgin islands i don't know if there you go he doesn't even live in the u.s anymore and then he
02:22:38.300wrote a series of books, espousing a monetary theory, which was almost purpose built for the
02:22:45.620rape of North America. It was purpose built for the destruction of the market economy,
02:22:51.160which I find is a dirty word, whatever. It's the purpose built for the destruction of the economy
02:22:55.440that we currently have. It's purpose built for the tyrant and for the rapist. Everything about
02:23:01.060this is just the rules don't matter. I take what I want. You're too stupid to understand. Don't
02:23:06.860argue with me that's the whole that's mmt in a nutshell and if you don't believe me go look at
02:23:13.440the names and faces of people that are espousing this in congress holy shit he's 73 he does not
02:23:19.420look 73 yeah he's probably drinking adrenochrome well i mean you know he's one of the worst this
02:23:25.360guy like as a guy as a person he's one of the worst yeah he has done fill it from a philanthropic
02:23:30.540standpoint he he talks and i've listened to his many of his interviews he talks at length about
02:23:36.400the millions of dollars that he spent like having custom cars built with like designs that he did
02:23:41.720even bill gates puts on a patina of like i help people in africa this guy is just pure vanity and
02:23:49.020materialism he's like the he's the uval noah harari of economics it's funny that a guy in his
02:23:54.48070s is getting cars made based on his shitty drawings yeah that's something a kid that's him
02:23:59.780that's this fucking guy money doesn't matter dude what are you what are the odds that you've
02:24:05.100designed the coolest car yeah very low like imagine us just like i'm gonna me drawing a house
02:24:12.860it's gonna look like a seven-year-old drew a castle and guess what there's still fucking
02:24:17.500velociraptors in the moat i think we should tie him to a front of like a a transcontinental
02:24:23.820freight train and let him sit there for like three weeks as it delivers corn so not kill him just
02:24:30.840take it like be well i mean he might he's probably he'll probably die but it would be a good experience
02:24:35.260for him i mean that as you know there's a lot of train guys listen to the show too i mean that
02:24:40.700sounds like a great what month year yeah if you're in a luxury viewing car yeah no tied to the front
02:24:48.400and getting a front row oh okay no that's true that's true fair enough put him on the cow catcher
02:24:53.000how can you be certain that the train really runs on time unless you're at the very front
02:24:57.120yep that's true that's true all right this is this is actually what i was hoping for from this
02:25:02.640because i didn't want to just belch out all this stuff because you've looked more into this like
02:25:08.720you've been following this for years and years and years and i've heard him on a couple podcasts
02:25:12.660not as much as you and um there's certain things that he had said that i like but i'm gonna i think
02:25:19.380you're really gonna not like the next episode because we get really deep into infinite credit
02:25:25.400but i still maintain like i me as a a landlord appreciator as a tyranny guy
02:25:33.240one of these tyranny guys you hear about right and someone who just i would like i want all
02:25:40.840of my sad white sociopath fellas to get infinite credit and if that makes me
02:25:47.920pea-brained if that makes me big no no no not at all man not at all not at all that that's look
02:25:55.180that's all i kind of want to get as a response from people because i think there's a lot of
02:25:59.060people that are in that same boat and it's like hold on this sounds like the invention of the
02:26:03.480atom bomb you know it's an economic atom bomb like on the one hand it causes great tragedy but
02:26:08.800on the other hand we win the war so like look i'm not i just want to be honest about what it is
02:26:14.460it is a destructive weapon it is i don't want people to like you wouldn't describe the atom
02:26:19.520bomb as increasing productivity you would describe it as a rice cooker right it cooks rice so if you
02:26:25.660want to describe this if you want to describe this as like the burger burner then yeah it's
02:26:30.500the burger burner if that's your goal this is the best thing yeah serious what i get when i read
02:26:35.820these books it's kind of electrifying in the sense that like it acknowledges that things are insane
02:26:43.060it acknowledges that everything's made up something happened in the 70s you don't need to blame
02:26:48.880nixon but nixon was president during the time decoupled from the the gold standard so every
02:26:54.140all bets are off the the debt the national debt makes no sense nothing makes any sense so there
02:27:01.200is this this idea buried in there where it's like let's just let's if it's nuts let's get nuts
02:27:07.700yeah yeah let's just be let's just be fucking insane with credit this has been talked about
02:27:12.720a lot lately like rhetorically the way that he writes and the way that he speaks even
02:27:16.220is playing into this attitude of it's fucked you're not gonna get yours unless you fight for
02:27:21.680it the rules don't matter it's time that we play by our own rules that's essentially where he's
02:27:25.820going with it and again from if you're just talking about practice he's fucking absolutely
02:27:30.860correct he's absolutely right but and and for a lot of guys maybe that's enough but i all i'm not
02:27:37.600saying to not implement this i'm saying if i see somebody try to implement this on a white
02:27:41.920population it's time for a little bit of violence but if i see this implemented on a global stage
02:27:46.760like if we took power and we're going to implement it absolutely we should implement this in africa
02:27:51.000absolutely let's do it he wants infinite credit for africa i want africans to have infinite access
02:27:58.960to loans in their own currency i want to i want to watch them starve through their own stupidity
02:28:05.100with infinite access to credit yeah this is true accelerationism yeah what's the line from um
02:28:12.360nick land something like english is a language given by god to do apocalypse with
02:28:18.000yes oh that's beautiful and i feel that that really runs through my neural cortex these days
02:28:26.020alright this was very good I really like this