Blood Satellite - Revolt Against the Moderate World

00:00:00.000 as far back as i can remember i always wanted to be

00:00:07.700 blood satellite like i was just saying uh nickels we have themed birthday party based off of little

00:00:23.600 blue truck and uh she my wife planned it because that's one of his favorite books

00:00:28.600 he loves a little blue truck and there's several of them that we got and over the past week he 0.76

00:00:34.600 fucking hates that like he'll take the book and throw it across the room and so of course she got 0.85

00:00:40.320 a giant cutout from etsy because she's extra she goes overboard we love her over here but now he's 0.98

00:00:50.160 just got this this it's a nightmare birthday party for him from the sounds of it yeah like just as

00:00:56.100 from his perspective just when he decided to finally man up and tell you all that that you 1.00

00:01:00.760 hated it that's the moment that you say you know you know what fuck you you're gonna live with it 0.99

00:01:06.440 little blue truck is your life down you so you're like pounding it into him he's gonna take it very 0.99

00:01:10.540 personally i i think yeah well the thing is you know kids children they're always learning they're

00:01:17.560 learning about the world they're learning about context and everything yeah but so are you and

00:01:21.420 you're both teaching each other at the same time for example he's trying to teach us what it's like

00:01:27.540 to deal with an ungrateful entity right now and we're thinking we're failing by teaching him that

00:01:35.700 you're supposed to be having a good birthday party and it's bad oh no oh no it's a bad birthday party

00:01:43.720 here's the thing he doesn't know what birthdays are yet he doesn't know that birthdays are supposed

00:01:47.920 to be good right he doesn't understand what's happening he doesn't know what his birthday is so

00:01:52.480 this is like some kind of torture you bring the blue truck thing that i actually hate

00:01:56.720 all of these people i don't know and dislike i'm mad i'm crying that's what a birthday is

00:02:01.920 yeah you don't know what a birthday is it's what this is what is it's a bad time you have once a

00:02:07.940 year i'm giving you the 35 year old birthday experience but as a two-year-old you'll get

00:02:15.180 birthday buster he's like oh my knees uh don't don't remind don't remind me 0.88

00:02:22.620 oh again we're doing this again he's got the shitty guy who's not a dad but he's still doing 0.93

00:02:30.540 dad jokes like oh we do this every year yeah well because he's turning to it it'd be like ah didn't 0.96

00:02:35.580 we already do this i thought we already did this it'd be great if you measured a man's bad jokes

00:02:41.340 by how many children he would need to have

00:02:44.100 to make that joke work.

00:02:46.840 I thought we did this last year.

00:02:49.060 That is a four-child joke.

00:02:51.700 You were a zero-child man.

00:02:55.720 You can't be walking around with no kids

00:02:57.720 and running your mouth like this.

00:02:59.220 You got to keep the card in your pocket there,

00:03:01.200 the four-child card.

00:03:03.140 I got some bad news. 1.00

00:03:05.720 Grok has been owning my ass. 1.00

00:03:07.560 Oh, dude, I saw. 1.00

00:03:08.560 That's really unfortunate.

00:03:09.660 You should quit.

00:03:10.300 You should stop.

00:03:10.840 you should stop no i think i've been watching like i tell you i watched degenerate gamblers

00:03:16.620 i've flipped it up i've started watching uh content creators who are gamblers who tell lies

00:03:22.700 about gambling but they got all the tricks and so i think if you triple down that triples your

00:03:29.480 chances of winning yeah that's what i understand so for people who don't know what i'm talking

00:03:33.820 about you can go on x and tag grok it's ai and the thing that's been going around recently there's

00:03:42.380 two things that have been going around this week one is you can upload images now and tell it to

00:03:47.100 make a tweak or whatever to the image and so people very insufferably have been uploading

00:03:53.020 their images and saying make a studio ghibli version of this right and it's it was cool for

00:03:59.580 precisely seven seconds and it's been going on far too long yeah the other thing that's going

00:04:06.220 i'm doing and i copy this was hey grok based on my tweets which public figure past or present

00:04:13.740 do i sound like right and you would think that it has the sum of all human data history at its

00:04:22.860 fingertips but it seems to select

00:04:24.780 only from

00:04:26.180 media figures within the last

00:04:28.820 like six years

00:04:30.180 of course it would that's how it works

00:04:32.700 so would you like to know

00:04:34.880 based on my very extensive

00:04:36.840 catalog of tweets who I sound like

00:04:38.700 yeah I'm desperate to know

00:04:40.660 based on your tweets you sound

00:04:42.980 like Jon Stewart

00:04:44.620 sharp satirical

00:04:48.840 and big on social critique

00:04:50.760 that's so rough

00:04:51.820 oh that hurts

00:04:53.580 here they got my number

00:04:56.020 your irony pop culture

00:04:58.100 nods like Jack Skellington

00:05:00.280 and casual slang

00:05:01.880 mirror his daily show vibe

00:05:03.980 have you made a lot of

00:05:06.200 Jack Skellington references on twitter

00:05:08.100 I made one the other day

00:05:09.800 the reference I said was

00:05:11.760 some of y'all

00:05:13.440 be acting like Jack Skellington

00:05:15.840 it went through the racism tree

00:05:17.620 and i think there's a lot of depth to that joke that i it was not appreciated in its time

00:05:26.900 yeah all right because you need to have a real strong working understanding of the nightmare

00:05:32.320 before christmas so for a lot of young people they're not gonna understand that i've seen them

00:05:36.340 i can recite that film i know yeah but just the idea of him in a world of racism he's never seen

00:05:43.760 it before what's this what's this what's this there's white things over there there's white

00:05:51.900 hoods over there and then just like trying to replicate it in his world and not getting it

00:05:56.720 right i'm like yeah that's that actually works for the types of people who like show up to the

00:06:00.500 space and try and mime racism anyway if you get if you know you know yeah but also here um here's

00:06:09.440 how it ends i think hassan piker is a close second with his raw online style but stewart's

00:06:16.360 polished satire fits best so a close second to who i am is hassan piker an absolutely

00:06:24.860 that's really rough now i tried to rejigger this in my favor right because i thought here's what

00:06:34.700 everyone wants everyone wants to get hitler and so i said okay hey grog based on my tweets

00:06:38.920 which black african-american public figure past or present do i sound like

00:06:44.080 based on your tweets you sound like dave chapelle all right and therefore he deserves to be like 0.99

00:06:51.260 brutally gang raped in prison i mean what what in the fuck chapelle's modern left leading tone 0.99

00:06:58.580 fits better than others like richard pryor or chris rock and that is that really fucking stung 0.99

00:07:04.160 me deep why are they and why are they all comedians though did you say comedian no i just said a black

00:07:11.040 public figure i thought there'd be a politician this is the thing though i think it's the actually

00:07:16.800 the way that grok and grok works is it's drawing primarily from social media you're not going to

00:07:22.380 get politicians you're not going to get anybody from more than 10 years ago i'm like is there

00:07:26.560 an escaped slave my kingdom for an escaped slave that i sound like okay here's the last one you see

00:07:34.960 my process here hey grok based on my tweets which black and chinese in parentheses both at the same

00:07:42.320 time public figure past or present do i sound like how many how many are there what i'm hoping

00:07:50.380 for and maybe i need to fix my prompt here is like a legendary blasian from the king dynasty

00:07:58.720 you know i mean there's no such thing why there's not one there's not one on a scroll i don't care

00:08:05.600 what he did legendary they probably just killed them all they would have just put them all in

00:08:09.840 the rice patties give me the name of the rice patty maker who died who was half chinese i'll

00:08:16.020 take it that's what i want all right give me a name call ubisoft call ubisoft i love that ubisoft 1.00

00:08:23.220 is just run by racist dumbasses too they just throw it's a bunch of fucking chinese shit 1.00

00:08:29.820 you're politically correct racist it's like hyper tokenism but somehow that's okay by the way based 1.00

00:08:36.940 on your satirical dark humor tweets hey you sound most like neo a singer of black and chinese descent 0.97

00:08:44.640 again a rapper essentially known for r&b and controversial remarks like his debated

00:08:51.720 transgender comments first of all i i'm so i'm surprised that they found a transgender hating

00:08:58.640 black asian guy and i think i'm gonna take this one up yours woke moralists we'll see who cancels 0.96

00:09:06.540 who all right i think i'm taking this i'm pinning it to my lapel speaking of black i didn't tell you

00:09:13.960 this yet or me i said in the chat i think just offhand but my mother is listening to candace

00:09:20.260 owens what really no way that's so that's bizarre man yeah so you know we all in the space of ours

00:09:32.980 we like to talk about the shifting vibes and the red pillings of the masses and whatnot it's hard

00:09:40.560 quantify that on any sort of graph or trend line but like with the real estate market i find there's

00:09:47.600 a lot that can be gleaned not just from the macro scale but if you look like in real estate you can

00:09:54.240 tell a lot from driving around your neighborhood and looking at what's for sale and knowing what

00:09:59.200 stays on the market right you can take an anecdotal data point and extrapolate quite a bit based on

00:10:05.120 that so to me it's very interesting that someone like my mother who's not political at all but

00:10:14.120 she's coming to me coming to my son's birthday party sitting on the couch there's you know my

00:10:19.160 wife's parents are the in-laws who are die-hard liberals trudeau fans right right they're to the 0.76

00:10:26.920 left to me my mom's to the right we're on the couch and she's like i don't want to you know

00:10:32.060 sound like i'm conspiratorial you know how my mom talks i'm doing yeah she she literally no that's

00:10:37.040 what she sounds like that's but she's but she's like no i don't i don't want to sound like yeah

00:10:41.380 and she's like but i've been listening to what's her name candace owens and like my eyes just 0.99

00:10:49.680 you like her you'd like her she's black she likes rap she's like she's being more racist than i 0.99

00:10:56.440 no she's not that type she's not i know the type she's not that one your mom's not racist enough 0.90

00:11:02.840 to understand the different types of blacks but she's trying to be white she's probably listening 1.00

00:11:06.600 to fucking show tunes just on repeat like it's it's a it's a thing that's happening you don't 0.99

00:11:11.540 know what it is but she's like it's canton's and you know not to sound conspiratorial but she was 0.99

00:11:16.240 talking a lot you know about you know the kennedy assassination and those documents that were

00:11:22.540 released and i'm already starting to film the gaps what she's gonna say and i'm looking at

00:11:29.200 the left of me and my in-laws are there i'm like no no no okay like i want to talk about this

00:11:33.880 but i can't but i and but but she's she doesn't know enough about this topic

00:11:40.120 to avoid saying it in mixed company yeah she's just like she's like and then she was talking

00:11:46.040 about and she gets all quiet and she leaves she's she was talking about the the jewish people

00:11:51.120 she says it just like that and i'm like hmm okay and i'm still kind of looking around i'm really

00:11:59.680 trying to like take the temperature of the room because maybe this is what everyone's talking

00:12:04.320 about now maybe libs are hypnotists i don't know because trudeau's gone and these were huge true

00:12:10.100 and libs are supposed to hate israel anyway so like this is should be kind of all right i think

00:12:15.320 but they're old libs so yeah i'm trying to figure out where are we at with this because i don't know

00:12:20.540 what boomer liberals are like on this specific issue yeah a lot of them just checked out completely

00:12:26.420 when trudeau left because they were really big into trudeau they were really excited about him

00:12:30.920 because he was going to legalize weed and then i think they a lot of them admitted defeat when

00:12:35.100 he left and so i don't know where he got politically i mean he did legalize weed so

00:12:38.480 like i guess they can die now because they got what they wanted unironically that's how they

00:12:43.420 view it i think like that was their thing they got their thing and then so who cares about politics

00:12:48.360 yeah imagine being someone you you only cared about one issue your whole life

00:12:55.080 only one and then you just get it and it was such a it was such a trivial thing too yeah

00:13:00.280 then you say the system works and then you die believing the system works

00:13:04.800 i voted for one thing i voted this is such a funny idea i voted for one thing ever and i got it wow

00:13:14.740 democracy works guys this thing why did we i should vote for more things but you know what

00:13:22.380 i don't want to be greedy i don't want to vote for a second thing but yeah like she she she uses 1.00

00:13:29.920 me and my sister as a sounding board because we're political opposites and she's kind of in

00:13:34.040 the middle right but uh this is just okay this is what people are talking about now but of course

00:13:40.180 there's the pathetic embarrassment that i was not the one who red-pilled my own mother it was this 0.95

00:13:47.180 black woman oh my god i'm really that guy but that is what it's gonna be i would anticipate 0.97

00:13:55.220 there's other instances where people our listeners can think of where how many times have you had 0.81

00:14:00.360 this argument at the table you know what you know what though i would like to make an addendum i

00:14:05.140 don't know whether at this point 2025 you would call that a red pilling it would it's more like

00:14:11.780 you know you're right everything has shifted so far into our field that people that are just tv

00:14:17.960 brained are actually parroting a lot of our points like talking about israel like i said like this is 0.96

00:14:23.640 almost a liberal thing now saying israel's involvement in all of this insane bullshit 0.99

00:14:26.980 is a centrist talking point in the same way that like inflation bad government dumb 0.99

00:14:34.500 democracy gay is a centrist talking point that kind of everybody who isn't completely brain 0.96

00:14:41.100 dead understands at this point like you know what i mean like it's not a political thing to say

00:14:46.000 democracy has failed i think a lot of people on both sides would agree with that and likewise i 0.98

00:14:51.280 think a lot of people on both sides are like all right israel's pretty fucked israel is kind of 0.97

00:14:56.380 kind of fucked what's interesting and i know we've already talked about this on a previous episode 0.95

00:14:59.880 But I'm using this just as an example of what we're talking about where, okay, she admits to a talking point that we've all been bringing up for a while, but she's unsure what it means. 0.97

00:15:12.580 And I think a lot of people, they're told, okay, Israel's involved and that we weren't supposed to know that, but now we do know that.

00:15:18.440 But she doesn't know what that, she can't connect that to anything else.

00:15:22.020 this is like a curiosity it's just a fascinating topic to her but it's not going to form some kind

00:15:27.420 of uh you know motivation in her life it's not going to alter her principles in any way it's

00:15:32.040 just like nothing else comes into focus yeah yeah yeah and so it's my job to either take her down

00:15:38.160 that road or not and i actually ended up walking her back a bit because she's like you know it was

00:15:43.840 israel that was really involved i'm like well you know yes but there was other factors too like i'm

00:15:48.620 the guy who's like it's more complicated than that you know i'm sure they were the problem with

00:15:53.240 kennedy was he actually did have a lot of enemies and a lot of people benefited from that death

00:15:57.300 yeah and you can't say that there was no soviet involvement not realistically you can the cia is

00:16:03.800 and we don't need to go down this road again but i'm like you know i i know candace owens you know

00:16:08.820 she's very charismatic and you know what she's very well spoken that's what you say about someone

00:16:14.320 like that like she she's really she's she's different i don't know what it is about her

00:16:19.360 there's something different i'm like well she looks like she powders her face every time she's 0.91

00:16:24.100 on screen i look i don't knock the hustle i love seeing a black woman who's trying to be white 0.99

00:16:31.880 that's just a thing that i like to see i like i like seeing beyonce get lighter and lighter and 1.00

00:16:40.120 lighter until now she somehow looks whiter than taylor swift yeah like it like a wax version of

00:16:47.480 a white person yeah yeah i like that i and here's the thing i don't know why i like it i just think 0.71

00:16:52.880 i look at that and that's a gordian knot of mental illness i'm like huh what's your life like it's

00:16:59.100 just it's just flattery through imitation i think it's you know i tell you what i'm not i'm not 0.67

00:17:04.360 offended by it it's just huh i i tell you what i'd rather see that than a rotting corpse 0.53

00:17:09.260 there you go that's an easy comparison i i would rather see that a black woman attempting to be 0.98

00:17:17.060 white than i would like to see a man get his legs crushed under a fall of the refrigerator 0.98

00:17:23.780 wow is that is that fair to say yeah you're undecided no you're making it easy that's all 0.97

00:17:31.200 you're making it really easy i don't personally like guys with the crushed legs all i'm saying

00:17:37.060 is you like this more yeah yeah for sure you'd like this more than than you know autopsy photos

00:17:42.740 autopsy's gone wrong oh you know what i'll say i don't know whether i don't know whether beyonce

00:17:47.600 being really white makes me want to like beyonce more though no she's still beyonce i still don't

00:17:54.220 care i still i still don't like i just like seeing that more than you know the ryan dunn death photo

00:18:00.300 yes agree yes yes i think show of hands it's a three-pointer

00:18:06.480 slam dunk would you like seeing white beyonce more than the obituary of your parents

00:18:13.460 it's a simple question god yes please i i would prefer that it's a simple thing i know it sounds

00:18:21.340 like i feel like i'm playing saw like we're sneaking up on some kind of a terrifying game

00:18:26.100 this this feels like a sick game but i don't know who who's who are you are you in charge

00:18:32.400 or is the game on you

00:18:33.720 by the way how's life you got any wood news wood news yeah

00:18:42.480 i keep putting you on the spot with wood no i got one for you i just found this out you know

00:18:52.540 maybe you don't know but there's this thing you know willow trees you ever seen a willow tree

00:18:57.100 yes you see a willow tree you usually see it by the creek or by the lake because they love the

00:19:02.580 water or rather they can stomach it part of the reason is they get a little water on them they

00:19:06.900 got this enzyme that causes the roots to grow out of any you know any part of their uh their trunk

00:19:12.740 there anyways you can cut the willow trees up into little pieces and boil it and it releases that

00:19:19.100 enzyme and then you can use it to water other cuttings of other trees that don't have that

00:19:25.500 enzyme and it causes them to grow roots it's like a propagation hormone you can make it yourself

00:19:31.740 instead of paying 80 bucks for it so whoa whoa whoa back up einstein yeah buddy so you got your

00:19:40.260 willardry you hack it up like a psychopath for no purpose other than for science it's a big purpose

00:19:46.960 it's an important thing take a chunk you're boiling it yep releases the enzyme so you've

00:19:52.360 got a liquid of a tree essence yeah tree water then you add that to you sprinkle it on another

00:20:00.160 tree and then what happens it grows more it grows more roots a cutting say um we're doing what do

00:20:06.840 we got forsythia which is already pretty easy to propagate but you you got your beautiful forsythia

00:20:12.040 and you cut a branch off it you stick that into in the mix it's not really going to necessarily

00:20:18.600 propagate that well on its own but you put the willow water on it and then it grows roots but

00:20:24.480 it's just a stick you stick the stick in the ground you add the willow water you got roots 0.97

00:20:27.760 now riddle me this how'd you learn this what's this fucking cockamamie factoid how did i hear 0.96

00:20:33.460 i don't know if you've heard about this one i love this one it's the internet there's no way 0.97

00:20:39.500 looking up boiling tree water on the air something took you here i can't take credit for it it was my

00:20:45.660 wife my wife figured this one out and told me about it and sent me a link and then i read it

00:20:51.740 it was on like sf sf garden website the truth comes clear we know what this is is actually

00:20:58.620 either way how many like cool facts entered your brain this way it's actually your wife

00:21:05.260 dude i think we've said before that this show sometimes could just be our wives talking to 1.00

00:21:10.240 each other how why does she know about this you know what i don't even want to know her story 0.99

00:21:15.040 she's on thin ice with me because i know because i told you we're doing the propagation and i got

00:21:19.780 her helping with uh in the greenhouse with it and she's figuring out all kinds of tricks and things

00:21:23.880 she's uh she's a genius this sounds like some disgusting scheme that she had to like create 0.94

00:21:30.380 frankenstein trees or something like i know how her mind works she's thinking like what if i boil 1.00

00:21:36.060 a tree and dump it on its child trees what happens like some fucking torture game is there a way this 1.00

00:21:43.740 could spontaneously kill judas that's what i'm going to work towards her judas poisoning lab 1.00

00:21:49.560 she's convinced you is a side hustle because part of the joy of it is standing in the room as you 0.98

00:21:58.860 concoct your own poison

00:22:00.300 why are there so many

00:22:04.760 man-sized erlenmeyer flasks

00:22:06.980 that could contain a man

00:22:09.060 killing she's gonna react 1.00

00:22:10.880 me with another judas 1.00

00:22:12.660 sized and shaped reagent

00:22:14.340 why are there so many

00:22:16.660 judas shaped flasks

00:22:18.480 just trying to feed 1.00

00:22:20.940 you from a fucking glass 1.00

00:22:22.920 that's shaped like you 1.00

00:22:24.200 which was a separate business

00:22:26.620 that you had to pour like 30 grand

00:22:28.800 in like i was so sure that that was going to be a big market and it never took off but you know

00:22:33.280 3d printing how people are using it to make you know their funko pops to their dead grandmother

00:22:38.080 what if we did that both glass and full size like the size of you like you could fit in it

00:22:43.600 all right it's only people because you actually can't make glass containers that many different

00:22:48.960 shapes otherwise they collapse inward and it doesn't work the shelves won't allow it oh man

00:22:55.840 i'm flattered though like the the lengths the depths of new science and technology they'll

00:23:01.680 explore just to kill me how much science and technology is just trying to discover alchemy

00:23:09.200 because at some level we're just trying to use some kind of spell to create gold

00:23:15.520 yeah i mean plenty you could view you could view uh the entire space program

00:23:21.600 and asteroid mining to get to uh 16 psyche as like alchemy it's like suddenly the entire world

00:23:28.240 is gold and gold and then ironically gold means nothing anymore because there's so much of it

00:23:33.120 there was an episode of real secret coffee hours i did a couple weeks ago it was some

00:23:38.960 science fiction writer who was writing a sub stack about uh you know accelerationism in the future

00:23:46.240 and how exciting space travel is for industry and society and one of the things he kept coming back

00:23:52.240 to was space mining yeah and he was saying basically he was saying that any innovation

00:23:58.320 must be fueled by resources and if you just add infinite resources then you'll get infinite

00:24:03.760 innovation which seems completely backwards to me it was a really dumb article it was very much

00:24:08.960 someone who i think misunderstood what actually drives innovation because he was thinking oh 0.98

00:24:14.000 in the fucking asteroid belt 0.98

00:24:16.560 they can have so much 1.00

00:24:18.680 iron and so much

00:24:20.700 lithium and if we just figure

00:24:22.540 out a way to slingshot that back to earth

00:24:24.840 I'm like wait wait so first of all

00:24:26.820 before you even do that

00:24:28.380 you must construct a massive

00:24:30.800 free floating device

00:24:32.880 that can catch asteroids

00:24:34.580 just hovering outside

00:24:36.720 of the planet and also to

00:24:38.620 propel them or you know what I mean like you need to get there

00:24:40.720 and propel it and find a way to catch it

00:24:42.280 and you would actually need those that cheat code to build those things yeah one one argument that

00:24:50.800 i've heard uh is that the way that it would be financed because it would be financed right like

00:24:57.340 to get up there it would cost untold trillions quadrillions to do that project and the wealth

00:25:03.840 generated through debt right through like financing the future would actually be eating

00:25:10.200 into the value of the actual metal when it's around you know when it does that make sense

00:25:14.620 like you're you're creating you're creating money in the system out of nothing through debt in order

00:25:21.040 to get the thing and when the thing comes back it repays but then the actual value of the thing

00:25:25.500 that comes back is in some sense less because you've already eaten that seed crop which is

00:25:30.640 good in this case because otherwise it would completely destabilize the economy which it will

00:25:35.500 anyways but i mean that softens that's the thing it's like i don't think any innovation has actually

00:25:40.700 sped up just because you dump infinity no that's absolutely retarded no which is like okay i

00:25:47.640 understand there's rare resources are necessary but insufficient like you do need resources for

00:25:52.600 innovation but that's not what drives innovation it's just like the fuel source yeah exactly and

00:25:57.540 so i was just uh to me the whole like you had mentioned asteroid mining i'm like that's always

00:26:03.980 brought up as a sort of midwits idea i'm not calling you midwit obviously but it's like i

00:26:09.540 hear that every time i hear asteroid mind like that's what we gotta do i'm like i that that's

00:26:15.560 not a serious idea you know what i mean and i well i don't i don't think anyone who even talks

00:26:22.340 about space exploration at all is even serious about it i don't think i've ever heard a serious

00:26:27.700 conversation i'm like serious in that they like it but they haven't thought about it not really

00:26:31.700 yeah like they'll say things like asteroid mining or you know we can just kind of

00:26:36.820 colonize mars even when i hear elon musk talk about it i'm like the mars thing is the mars

00:26:42.120 thing is one of the dumber ones for sure it's definitely very um it's like talking about flying

00:26:46.840 cars or it's like and i say flying cars specifically because like we have the technology 0.95

00:26:51.200 for flying cars just like we have the technology to colonize mars but we're not gonna we're

00:26:55.440 probably never gonna and it has a lot to do with culture society law regulation it has nothing to

00:27:01.520 do with flying cars and if you're fixated on the technology like science fiction then you're a

00:27:06.200 child because this has nothing to do with technology also one thing um they'll say things

00:27:12.360 like it's humanity's destiny to colonize the stars and colonize these planets and i keep coming back

00:27:19.400 to you realize if you colonize these planets after maybe four or five generations they stop being

00:27:26.540 human you get that right like they're another thing like at some point they actually become

00:27:33.040 martians and their genes start changing and the not that not that quickly but i i think that they

00:27:39.100 become they become martians from like a you know in a tautological way they're martians but i mean

00:27:45.900 in a biological way after a few generations the change in gravity and the change of sunlight

00:27:50.820 exposure like they're gonna end up looking freaking freakish sooner than you think

00:27:57.460 like being on mars unless you also have like unless you can terraform it to be exactly like

00:28:03.140 earth if you're like raising people here's what i'll say like that people who grew up who spend

00:28:09.540 like two years zero gravity their bones elongate okay so that's it i don't i don't know how long

00:28:15.380 you want to spend on this but this is an interesting thing so you're correct that people's bones

00:28:19.540 elongate and they're you know actually their spinal vertebrae dislocate and a bunch of other

00:28:24.660 horrible things happen they have heart disease and they their kidney failure and all kinds of shit

00:28:28.980 and this is within the earth's um within the field around the earth so you're not even getting the 0.82

00:28:33.940 radiation that you get if you went to mars there's a lot of health shit this would not actually result

00:28:38.680 in like rapid human evolution to adapt it would just result in death like everybody would actually

00:28:44.600 just die um and have a miserable life that with a short lifespan and pain you wouldn't evolve into 0.82

00:28:49.900 a new thing you'd just fucking die you would evolve into a new thing after 10 000 years but 0.99

00:28:55.060 what nasa has been talked about is genetically modifying people but that's what they could 0.97

00:28:59.940 survive but you wouldn't actually evolve you would just either be genetically modified or you'd hope

00:29:04.680 that your trip was for 10 years or less and you could come back or you'd plan on dying at 52 of

00:29:10.260 renal failure well that's what i was talking about was to survive in these circumstances

00:29:14.720 people would need to take eugenic steps yes to make it so that they die which is not natural

00:29:20.700 evolution you would actually have to force evolution if you were going to stay there i

00:29:25.160 see that's that's what yeah that's what i say so like after a few generations to survive like you

00:29:28.700 become a new thing entirely and no one is really reckoned with that they just think it's going to be

00:29:33.580 americans on mars or now centauri that said that said again i don't think this is likely but the

00:29:43.280 technology already exists for us to terraform mars in like three four hundred years it just

00:29:48.580 again i don't think we're ever going to do it just because of the amount of organization that

00:29:52.400 it would take to do it but you could you could actually terraform mars and then the only problem

00:29:56.080 would be gravity and you know different solar cycle but um we're not going to do it and we're

00:30:01.900 also by the way not going to colonize mars in our lifetime also like i don't think anyone and i've

00:30:07.580 listened to these conversations pretty closely i don't think anyone has ever explained why we need

00:30:13.640 to get to mars the only excuse i've ever heard is that well we're going to destroy the planet

00:30:19.640 one day and so we need a second planet and i said well worst case scenario the absolute worst case

00:30:25.920 scenario is that we make earth like mars and you're saying that but in this scenario we have

00:30:32.120 the ability to both colonize and perhaps even terraform mars that's that's exactly it it's

00:30:36.860 i mean you've nailed it right the to to make mars attractive you'd have to make earth worse than

00:30:43.740 mars it would take a lot it would take a lot to make earth worse than mars even the worst things

00:30:49.940 we can do to earth with nuclear war are temporary and the earth will recover mars is not recovering

00:30:55.440 Mars is on a downhill slope, and it's never going to get any better than it is.

00:31:00.000 Mars, believe it or not, Mars can get worse.

00:31:03.260 Mars can get worse.

00:31:04.500 It's regularly worse.

00:31:05.760 Like, the worst days on Earth are not minus 300 degrees with 2% atmospheric pressure and half of the gravity.

00:31:15.040 Like, there's no—oh, and never, like, a quarter of the sunlight.

00:31:19.760 Ever.

00:31:20.240 Just ever.

00:31:20.960 And that's with a thin atmosphere. 0.99

00:31:22.120 imagine with a thicker atmosphere how like it's just it's it's stupid the moon is a totally 0.98

00:31:28.040 different thing i'm i'm a big moon head but mars you're a moon guy i'm a moon guy buck status what 0.99

00:31:34.580 the sigma look the technology right now and again the issue with this shit is politics politics and 0.96

00:31:40.860 economics but technologically the moon is like the seychelles or some boring distant place where 0.99

00:31:49.760 the cost to get there and extract resources is a big pain in the ass and it's a political nightmare

00:31:54.140 but you really should be there because there's actually a lot of good stuff that's the moon 0.90

00:31:57.560 we could be on the moon mining today we could have been there in the mid 80s

00:32:01.060 but we're not i mean who knows maybe we never will maybe we will this year in 10 years 30 years 0.97

00:32:07.020 but we should be there because there's actually a lot of shit that people could make a lot of 0.98

00:32:10.880 good money on in the near term by just going to the fucking moon and just like drilling 0.98

00:32:14.320 i have a confession to make i don't know that much about the moon 0.98

00:32:18.120 can you tell me what's what's going on here's the short story the moon is smaller than earth

00:32:24.180 much lower gravity obviously we got a fact check on that yeah but you got to think i'm just trying

00:32:29.940 to lay the groundwork here it's smaller and lower gravity you know the earth's core right is mostly

00:32:35.080 iron and nickel and heavy metals because we have a liquid core and because heavy things sink so all

00:32:40.800 the heavy good shit is in the inside of the earth we got tons of uranium and nickel and whatever else

00:32:44.940 but it's hard to get at in the in our crust right because we can't get down to the core the moon 1.00

00:32:49.700 no such thing with the moon that shit's right there on the surface you could just fucking 0.96

00:32:54.360 pick it up at the end of the moon the surface of the moon is like i forget i'm gonna fuck this up 0.99

00:32:59.540 it's like a 10 aluminum right there you know how fucking hard aluminum is to refine do you realize

00:33:07.220 how many scrappers listening to this and there's a few there's so much aluminum on them the moon 0.99

00:33:12.800 is like a big ball of aluminum and not just that there's a lot of shit there's a lot of good shit 0.97

00:33:17.380 on the moon man do you have any idea how much copper pipe is up on i don't know how much i 0.99

00:33:21.640 don't know how much copper there's there's definitely a lot but there's tons of good

00:33:24.580 stuff on the moon like it's like with the amount i what i don't get and again i do get it i know

00:33:29.780 it's political but if you look at mining exploration on earth and untold hundreds of

00:33:34.020 millions billions that people spend on it the only reason that we can't spend the same untold

00:33:38.520 hundreds of millions and billions on mining exploration on the moon it's it's political

00:33:42.880 it's the it's and people say oh it's limitations on rockets and blah blah blah blah no it's not

00:33:47.760 honestly it's not it's the fact that we live in a post-cold war environment where you can't send

00:33:52.920 random unmarked shit with sloppy manifests into an intercontinental ballistic orbit anymore 0.88

00:33:59.680 because you set off alarm bells. 0.99

00:34:01.320 You're not allowed to do that.

00:34:02.420 But if we were allowed to,

00:34:03.760 I guarantee you there'd be people on the moon

00:34:05.560 for the last 30 years.

00:34:07.140 Would you say that this is the yahoos up on Parliament Hill?

00:34:11.380 Dude, I say that every day,

00:34:13.060 so it's nothing coming from me.

00:34:15.280 It's nothing.

00:34:16.420 I'm not even going to say it.

00:34:19.980 Clear them out!

00:34:21.160 Can I show you something here?

00:34:24.200 Yeah, yeah, yeah.

00:34:25.100 Have you seen this? 0.97

00:34:26.080 speaking of just going off on some random ass shit here we go this is my this is the jam i'm 0.90

00:34:33.600 looking at a site called modernity ah modernity um so here's the title on modernity but it's 0.95

00:34:42.060 referencing a daily mail article and this is a developing story i immediately when i saw this

00:34:48.140 i didn't believe it or i'm like there's gotta be more to this but again like you said this is

00:34:52.880 right upper alley. Researchers claim to have discovered a vast city underneath Egypt's pyramids.

00:34:59.840 At the end of the wells were massive rectangular enclosures measuring 260 feet per side. According

00:35:05.200 to the researchers, each of these enclosures contained four shafts that extended from the top

00:35:09.400 and descended even downward. During the news briefing released on Saturday, the researchers

00:35:14.080 said that the water system had been identified beneath the platform located 2,000 feet below

00:35:19.600 the pyramids in giza with underground pathways leading even deeper into the earth the team

00:35:26.280 believes there could be an entire hidden world of many structures underneath the pyramids i'm

00:35:31.380 looking on the featured videos to the right here it's paul joseph watson in case you ever need to

00:35:35.540 know what type of site this is i'm looking at you remember him mayor paul joseph watson he's still

00:35:40.960 around and he's on fucking pyramid sites he survived the aids from banging lauren southern

00:35:47.100 was shocking yeah that was the last thing i remember from him wasn't it yeah i don't know 0.96

00:35:53.460 anyone who watches videos but he must because the thing is it's unchanged he's still got the

00:35:59.380 map in the background he's still like in a fisheye lens i don't i don't dislike him but

00:36:04.360 he's really irritating i really hate listening to him yeah i got i got nothing to say about

00:36:09.180 paul just watched it all i have to say is still yet still hey you know what good good good for

00:36:18.380 somebody i don't know so here we go two researchers from italy and scotland claim to have discovered

00:36:24.780 a sprawling underground city beneath the pyramids of egypt the daily mail reports that the

00:36:30.500 researchers say they found eight vertical cylinder shaped structures so first i remember the cylinder

00:36:36.380 thing but i didn't know the city thing i i think what these uh writers think that a bunch of

00:36:41.800 cylinders is a city they are incorrect a city is a collection of buildings and urban infrastructure

00:36:49.400 i mean the city is really the people isn't it you know the city is an idea of the people

00:36:55.300 yeah the city you know a city is what is a city but uh people in the mind of god

00:37:03.320 so and this is what i've seen images you see 3d images here researchers say they found eight

00:37:11.320 vertical cylinders uh more than yeah 2100 feet below the pyramid and more unknown structures

00:37:17.040 4 000 feet deep i'm not i'm not impressed by the two researchers from italy and scotland with no

00:37:23.380 not that i'm a big credential guy but then immediately after that it says but experts

00:37:28.820 disagree i'm like the implication here is that the researchers are not experts it could be any

00:37:34.320 random two guys i'm gonna be honest i'm really suspicious anytime i see an italian and a scott

00:37:39.640 working on a thing together i was gonna say i was gonna say when have you seen that that is not a

00:37:45.840 duo that should exist yeah unless they are nemeses and they've joined forces over this one thing but

00:37:53.320 The whole thing smells fishy just based on that loan.

00:37:57.700 So a Corrado Malagna from Italy's University of Pisa of Leaning Tower fame.

00:38:04.380 You know what?

00:38:04.820 I hate to say anything that comes out of Pisa, I assume, is fraudulent.

00:38:08.960 I don't know too much about Italy, but that whole, that city, I don't know. 0.98

00:38:13.420 That seems like the fucking Saskatoon of Italy. 0.98

00:38:16.020 Could be. 0.99

00:38:16.840 Well, I'm from the University of Saskatoon. 1.00

00:38:18.740 How about fucking die? 0.99

00:38:20.100 who says that brings that up in mixed company and philippo bondi with university of strathclyde 1.00

00:38:31.860 in scotland oh no it's actually two italians yeah it's oh two wops one of the kilt of course 0.90

00:38:38.280 got to thinking we won't notice whoa whoa whoa whoa philippo beyondi damn that doesn't sound

00:38:45.700 like a celt or a pict i know it's two italians yeah filippo biondi why would you not just say

00:38:52.080 two italian researchers can i also just say it sounds like a fake italian name filippo biondi

00:38:57.620 that sounds like an 80s movie name see they used radar pulses to create high resolution images deep

00:39:05.520 into the ground beneath the three pyramids and observed massive structures 10 times larger than

00:39:09.900 pyramids themselves um so when i hear radar pulses you know i'm no expert on this and i know they'll

00:39:17.980 go into it a little bit so here we go to put this in perspective the world trade center freedom

00:39:22.380 tower is 541 meters high these supposed shafts are 100 meters taller and there's eight of them

00:39:29.340 so like you're skyscrapers descending underground and they detected this with

00:39:34.380 i assume they say radar as if that's supposed to mean anything but from what we know about 0.93

00:39:41.840 ground penetrating radar it sure as shit doesn't go 2100 feet down well i mean depends how you do

00:39:50.300 it but we also know it's incredibly unreliable so yeah i don't know i don't buy this i want to buy

00:39:56.460 this i always bring this up i'm the type of guy who wants to believe in this um they found uh and

00:40:03.060 look at the image here it's like here's the pyramids boom then there's these like 3d generated

00:40:09.120 images from the 90s right yeah they're all descending around but it's like they're descending

00:40:13.520 into just a flat pane of an ocean and like you can't just say there's ocean this has italian

00:40:21.280 academia written all over it this is sad man this is a real spaghetti type thing situation we've got

00:40:28.180 ourselves in you know there's science then there's bolognese and i'm i hate to say we've got some

00:40:36.780 bolognese in our hands here nicolo kicolo the project spokesperson stated that the cylinder

00:40:43.260 structures were found underneath each of the three pyramids appear to serve as access points

00:40:47.660 to this underground system the study has not been peer-reviewed or published yet and predictably

00:40:53.340 already faces ridicule from archaeologists

00:40:55.440 and scientists and by the way

00:40:57.100 we are not on the side

00:40:59.440 of archaeologists and scientists

00:41:00.760 no one has an unhealthy

00:41:03.580 bloodlust towards archaeologists

00:41:05.400 and scientists more than us

00:41:07.000 yeah

00:41:07.480 if it was a choice between if I had three

00:41:11.180 bullets but

00:41:12.600 and it was two archaeologists 0.96

00:41:15.120 I'd shoot myself three times because I don't want to be

00:41:17.340 in the same room with these people however 0.89

00:41:19.020 however I think there is something to be

00:41:21.420 said for

00:41:22.140 dismissing out of hand

00:41:24.620 theories that overturn

00:41:26.300 all of known history

00:41:27.520 yeah yeah no and that's what they're saying they're saying okay

00:41:30.360 this will completely change

00:41:32.340 our view of it and I get that

00:41:34.300 yeah and you need you need to have like

00:41:36.520 insane amounts

00:41:38.420 of proof and you should really

00:41:40.400 not do a press release you should really

00:41:42.400 do it quietly otherwise I'm totally on the side

00:41:44.500 of you losing your career forever over 1.00

00:41:46.560 this fucking retarded bullshit 1.00

00:41:48.640 Professor Lawrence 1.00

00:41:50.640 coniers are radar expert at the university of denver imagine being a radar expert at the

00:41:55.500 university a what expert a raid radar expert a radar expert okay they of course didn't say that 0.72

00:42:03.140 he teaches radar because that that can't be a fucking course i suppose he's just a universe

00:42:10.380 he's the philosophy guy but he also likes radar he's the ham guy yeah they found a ham radio guy 1.00

00:42:16.540 to say bullshit 0.99

00:42:17.580 I was 1.00

00:42:20.540 on the ham just now and me

00:42:22.480 and the other unemployed

00:42:24.380 guys and the one

00:42:25.780 just absolutely huge 1.00

00:42:28.440 woman who's in our crew 0.99

00:42:30.240 we all decided that this is 1.00

00:42:32.520 baloney

00:42:33.700 it's not

00:42:36.700 possible to scan that deep

00:42:38.540 into the ground and while he concedes there may

00:42:40.620 be tunnels and shafts under the pyramids

00:42:42.120 dating back further than the ancient Egyptian

00:42:44.400 civilization calling it a city

00:42:46.340 is a huge exaggeration which is interesting because he accepts the premise he's like sure 0.95

00:42:50.760 there might be a fucking ancient city you know the antediluvians were in there of course you 0.60

00:42:55.120 know there's some evidence of giants in the region like he's one of these guys 0.96

00:42:58.260 it's like i mean that would kind of overlap with the hyperborean myths as we understand

00:43:05.340 they just found like one of our guys were getting

00:43:08.000 blowing the dust off of the old he's a ham operator of course he's a listener he's a he's

00:43:15.840 a hand guy you think he doesn't have a libraries of antediluvian literature back there too yeah

00:43:22.340 i'm a radar expert but uh you know it's not all i do i i know a thing or two about ancient cities

00:43:29.300 beneath other cities my my he goes my take is that as long as authors are making things up

00:43:35.620 and that their basic methods are correct their interpretation should be given a look by all

00:43:39.400 who care about the site hey fair enough um also you know knowing what i know about egypt i'm

00:43:45.660 wondering how did these two knuckleheads get in there because it's egypt everything i know about

00:43:50.680 egypt seems like a nightmare just to get in there and everyone wants a piece of the pyramids and you 0.97

00:43:57.240 need to you kind of need to be molested going into the city to even just get it everyone i've heard 0.99

00:44:04.440 says like yeah no it's you get molested in molested out molested when you want to get a fucking gyro 1.00

00:44:10.860 which by the way 0.99

00:44:14.400 is what these look like 0.64

00:44:16.020 a molested man 0.91

00:44:18.460 no a gyro

00:44:19.920 or a molested man

00:44:22.000 a man being molested with his

00:44:24.220 finger raised ordering a gyro

00:44:26.500 you know I realize I've never seen the pyramids

00:44:30.420 before

00:44:30.860 you know

00:44:33.440 by golly he's right

00:44:35.940 I admit

00:44:38.280 just even looking at the pyramids and then

00:44:40.360 seeing the city around it i have no desire to ever see the pyramids no man it seems like such a waste

00:44:45.240 there's a lot i'd love to see in the world there's i would go see the pyramids in mexico 0.93

00:44:49.380 i see the aztec pyramids in a heartbeat but this i'm like to me fuck this honestly i i actually 0.54

00:44:55.900 don't have any desire i've seen some historical stuff i've traveled a bit i don't really have 0.97

00:45:01.900 any desire to see other people's history i don't really give a fuck about central china or the 0.60

00:45:06.840 aztecs or the egyptians i really don't fucking care even the greeks i'd love to tour the uk 0.97

00:45:11.660 more and see old castles or maybe france but i i i mean that's what fucking photos are for dude 0.98

00:45:17.920 like why would i want to go to the chichen itza do i look like a fucking beaner really i had said 0.98

00:45:24.520 that my goal in life was to see the world and come back home and say it ain't shit yep but even when 0.97

00:45:30.460 i go to these places i love going to them and just stand there with my arms crossed going 0.79

00:45:33.960 yeah okay yeah okay i did that all through china i did that in shanghai and beijing and hebei i was 0.99

00:45:42.160 all over and it's like yeah this is uh fuck this shit you're rolling your eyes the whole time 0.99

00:45:46.860 yeah i was what was your least what's the least impressed you've ever been seeing a chinese thing 0.99

00:45:53.780 simultaneously least impressed and most impressed was going to a village along the yangtze river we

00:46:02.600 got off and we climbed up all of these steps to the top of a mountain and went through this village

00:46:08.520 and bob and i stepped around behind one of the buildings and it was literally a potemkin village

00:46:14.520 nobody lived there it was empty stone houses and they had all the storefronts set up but they had

00:46:20.580 closed doors and there was no one inside and when you went around back there weren't even footprints

00:46:25.480 anywhere they literally just brought people up there during the day so that we could walk through 0.99

00:46:29.400 it um so okay it's a village like they not only set up like it was like just a bullshit village 0.84

00:46:36.880 i said it wasn't even supposed to look good village i think what at one point was real

00:46:41.400 but they like repainted it and made it look like it was lived in but if you look up and down the

00:46:46.980 street there was nothing and if you went around behind the buildings because we had a free walk

00:46:51.260 around for like a couple hours there's nothing behind them like you know if you have a shop or

00:46:56.000 restaurant right you go behind it there's a dumpster and there's you know a garbage can and

00:47:01.160 there's like footprints and there's some guy having a smoke or whatever nothing there's literally

00:47:05.260 nothing like it was a it was a cinder block box on the back it's so funny that that's such a

00:47:10.820 chinese way of doing things because at the very least in america when you go to a ghost town

00:47:16.160 you're getting a ghost town it's not a ghost town that someone put a new coat of nail polish on and

00:47:21.840 actually ruin the part that you're trying to see yeah yeah just show me a dead town i can that

00:47:26.880 would be what it would be if you went to like a western ghost town today and you filled it up

00:47:31.600 with like late 19th century uh costumed actors and uh horses and shit but didn't actually do 0.82

00:47:40.000 anything else so that when people walk through it it's like west world they're like boy howdy i'm

00:47:43.980 like but you are telling me that this is real welcome to this lovely village i'm like this is

00:47:49.320 obviously fake you go to go some of these rundown buildings and they've built facades

00:47:54.240 of other rundown buildings in front of them yeah like what why why why must you be so chinese

00:48:02.200 i'm begging china to be less chinese for five minutes just try it they can't help themselves

00:48:08.860 they can't help but be 100 chinese at all times which is staggering if you think about it

00:48:14.960 takes a lot it's never been done all right so i'm trying to think of i i love this stuff but

00:48:22.080 every time we see a anytime something cool happens in the area of archaeology like maybe

00:48:28.760 graham hancock is the only one but he's been like beating that drum about goblecky tepe

00:48:35.580 okay blackly tepe and these other ancient civilizations for like 20 years but there's

00:48:41.140 no like cool new thing anytime there's anything cool that ever happens i'm just conditioned to

00:48:46.900 think it's bullshit yeah it usually is what's the last thing we've been excited about you know

00:48:53.300 because i i've been going down a rabbit hole unfortunately of um disproving a lot of these 1.00

00:48:59.520 things and i watched a whole series on how bob lazar is full of shit and i don't want to believe 0.84

00:49:04.920 it but i always kind of suspected it yeah you know what i mean where are you adam bob lazar 0.68

00:49:11.560 these days this is the guy who claims he worked at area i know i know i'm aware of him like i

00:49:15.880 i some of the stories specific stories that i heard seemed really plausible like about meta

00:49:23.120 materials and stuff but i figure it could just be that the person that wrote the story wasn't a

00:49:27.520 retard because most of those stories are pretty obviously written by retards they're written by

00:49:32.100 people that don't not that i'm like a super genius but like written by people that seem to

00:49:36.840 not understand like basic physics so and then it's this whole thing like with the flat earth where

00:49:42.420 in order to believe the story you have to upend your existing understanding of physics like i'm

00:49:47.400 not willing to do that i'm sorry i would like i would like to hear an interesting tale i would

00:49:51.460 like it to not challenge my understanding of reality with absolutely zero evidence not doing

00:49:56.740 it there's two things that occurred to me one uh it was brought up in this documentary that i saw

00:50:02.660 which was that you know bob lazar claimed that um you know he never made any money off of this but

00:50:07.780 it's actually not true at all and they're tracing a lot of this started by him publishing a book in

00:50:13.620 like the 80s yeah in collaboration with a couple other people one of them was like the original

00:50:18.660 guy who had this story then they kind of published it and were shopping around it was like really

00:50:22.900 successful he made a ton of money off of it so you're wondering what the motivation can be he's

00:50:27.540 like well i mean this guy was probably feeding his family off of it for a long time it's pretty

00:50:31.060 much his whole career at this point he's the well you know area 51 guy kind of which isn't to say

00:50:36.980 that you shouldn't be allowed to do that but then you can't say that this is not financially

00:50:42.580 motivated and the one argument i kept hearing was from guys like joe rogan who would say you know

00:50:48.740 after like 25 years 30 years he's never changed his story as if that means anything like you know

00:50:56.740 like you can you can say a lie and then keep repeating the lie like i don't you know what i

00:51:02.500 mean like the idea that he hasn't changed his story actually isn't impressive to me it's also

00:51:09.300 it's interesting to call it a story like we're talking about the holocaust or something right

00:51:14.020 like we should be in his case a a mission or a message or a concept you know what i mean like

00:51:21.220 you would think he would be actively researching and sure like who is the the missing 411 guy

00:51:27.140 and he's like i'm constantly taking calls we're getting new data and this is a developing thing

00:51:32.260 this is happening this is real versus bob lazar it's like the area 51 version of like uh jewish

00:51:39.700 soap and lampshades like it you've got to just stick to it and repeat it so that people believe

00:51:45.120 it so and i remember that he was on that joe rogan the big one that he was on and joe was

00:51:51.780 asking him some pretty pointed questions and he kept saying he had migraines and he couldn't

00:51:56.480 answer it i didn't see that that's awesome that's typical that's so difficult you need to

00:52:02.040 like and then i'm looking for the comments saying like oh well of course this guy's a fraud now

00:52:06.460 because i'm watching that saying it's weird that he has these migraines and he's like

00:52:10.900 miming that he's a migraine he's putting his hand to his temple and and wince and go ah it's like a

00:52:17.160 bad psychic who's been caught out it's it's like chuck from uh better call saul i know you probably

00:52:22.840 didn't see that show where he did oh yeah it's a great show it's exactly what it is he believes

00:52:27.900 he's got an allergy to electricity and so he's by a phone he goes ah oh it burns you know so i'm

00:52:35.420 like it's that sort of you know you've seen someone in a film before who's been in pain

00:52:41.280 you're like ah no and so i'm like oh he seems to get this sudden migraine only when he asks he's

00:52:47.720 asked a difficult question and then they have to move on like you know that's actually never

00:52:53.100 happened ever before so why is that not the entire interview was discussing that like i would not be

00:53:00.740 able to let that go yeah for sure it's like oh i gotta go i gotta go i have diarrhea and he keeps

00:53:07.180 running the bathroom because he has just actually just he has to shit himself on camera to get out

00:53:13.260 of it that would i mean oh no don't ask me that don't ask me that i'm gonna get diarrhea again 0.74

00:53:18.560 please no like how do you not spend the rest of the interview talking about this thing that's

00:53:23.900 happening in front of you that that's a journalistic failure on the point of joe rogan

00:53:31.500 so we have a couple things to talk about but i was wondering if you would like to quickly revisit

00:53:38.100 movie corner sure i watched a humdinger the other day i'm just going to recap it for you

00:53:45.920 have you heard of this movie called conclave oh the name rings a bell but i i can't this

00:53:53.880 was released just last year starring ray fines it's got stanley tucci and john lithgow a bunch

00:54:01.780 of people that i like and i believe it was nominated for several oscars um it was it was

00:54:09.620 nominated for best film at the golden globes um it received eight nominations including best it

00:54:16.440 was like nominated for best picture at the fucking oscars it didn't win but i'm like okay this is

00:54:23.020 a big film and it's a vatican movie right and i was always a fan of the young pope and uh its 0.95

00:54:32.220 sequel the new pope and hey i'm in the mood for some vatican intrigue i didn't know what it was

00:54:37.800 about all i knew it was a bunch of cardinals getting up to no good what happened they say

00:54:45.680 heart attack you know how rumor spreads and one and a quarter billion souls watching well

00:54:52.720 god you know lawrence it seems the responsibility for the conclave falls upon you no sane man would

00:54:58.480 want the claim to see the men were dangerous are the ones who do want it i said sold and i love

00:55:10.160 ray fines you know whatever he's in and john lithgow those two together i'm in and so i made

00:55:18.080 a grievous error because i heard a lot of people talking about this movie and so i'm midway through

00:55:25.520 the movie and i was writing in our community i said you know what i'm thinking i'm liking

00:55:31.840 conclave i don't see what all the fuss is about by the end of the movie i said i'm deeply sorry

00:55:38.800 This is one of the worst movies I've ever seen from a purely subversive angle, just the perspective of being set up and then the movie taking advantage of that trust.

00:55:52.320 Nothing wrong with the performances, I guess.

00:55:55.220 Nothing wrong with the directing, I suppose.

00:55:58.020 But I'll tell you what it's about.

00:56:00.320 So Ray Fiennes is a Cardinal, and he's very close with the former Pope.

00:56:06.620 But the movie opens, Pope's dead.

00:56:08.800 in his deathbed deceased shockwave sent throughout the vatican what are they going to do and then

00:56:15.300 there's also some suspicion of foul play surrounding his death john lithgow's character

00:56:20.880 is sort of a scheming cardinal they need to elect a new pope and the whole uh the whole movie is

00:56:27.880 about the conclave to elect new pope and and that's kind of what's interesting they're all

00:56:32.940 called from all over and then they're sequestered to vote and it follows the voting process about

00:56:38.480 how you vote in a new pope and there's nominees and it needs to be pretty unanimous i think

00:56:44.600 entirely unanimous before a new pope is elected so there's all this internal politicking going on 0.99

00:56:49.540 and i'm like okay that's right up my alley that's the type of shit i like and i think it's banking 0.94

00:56:55.400 on you being into the young pope and that's that machiavellian nature of that show which is about 0.98

00:57:02.500 you know these men they all purport to be no one wants to be the pope is what they say right they

00:57:08.560 it's something that's thrust upon you and no one can be seen to desire it but secretly some of them

00:57:14.880 do and there's a good line in the film i think it was stanley tucci's character who's one of the

00:57:22.380 contenders and he says you know no one wants to be pope but every single person here has their

00:57:28.620 name picked out for what they would be if they were pope the pope innocence pope whatever it

00:57:34.180 might be and i'm like okay that's that's cool okay something going on here and foolish me

00:57:40.180 for being uh expecting that so what happens it's it almost seems like a whodunit the entire time

00:57:46.760 you're thinking okay was the pope killed there's all this murky politicking going on and then but

00:57:53.600 then there's this cardinal that sort of brought in this guy he's sort of a dark horse and he wasn't

00:57:59.360 supposed to be allowed in but the pope had apparently sent all these letters out before

00:58:03.460 he did he was working some kind of angle to try and influence because he knew he was dying

00:58:07.940 it's influenced the election and there's this strange cardinal that shows up and he had he had

00:58:13.140 a diocese in like afghanistan and prior to that it was in like mexico in like chihuahua or something

00:58:20.820 like cartel territory so this is like a rugged sort of brown guy and he's brought in and uh i

00:58:28.920 figure i don't know if i want to just skip ahead to the end long story ray finds his character he's

00:58:33.200 having a crisis of faith he actually wants to leave the church and he's going to leave right

00:58:37.380 after the side of the new pope and they're kind of shaky on what that crisis of faith is but

00:58:42.340 you know he's he wants to just be rid of all this because he's just so bitter about everything

00:58:48.340 which is already you know the rumblings of you know you're starting with someone who hates the

00:58:53.800 church okay let's see how many people in this film actually like being a catholic

00:58:59.780 probably not a lot um and so you know even john lithgow's character he's set up to be an

00:59:07.520 antagonist but he's not really he's just a rube they're all pawns in this dead pope's game and

00:59:13.120 And so, long story short, Stanley Tucci represents this progressive pope, right?

00:59:17.960 Or candidate to be pope.

00:59:20.060 About how he wants to liberalize everything.

00:59:22.660 He wants to be more about tolerance and acceptance.

00:59:25.680 I thought we had your support.

00:59:27.940 If we liberals are not united, Tedesco will become pope.

00:59:32.280 You have no idea how bad it became, Thomas.

00:59:34.220 The way he and his circle attacked the Holy Father towards the end.

00:59:37.580 The smears, the leaks to the press.

00:59:39.660 It was savage.

00:59:41.260 He fought him every single day of his pontificate.

00:59:45.200 And now that he's dead, he wants to destroy his life's work.

00:59:49.660 If Tedesco becomes pope, he will undo 60 years of progress.

00:59:55.800 You talk as if you're the only alternative, but Adeyemi has the win behind him.

01:00:00.080 Adeyemi? Adeyemi, the man who believes that homosexuals should be sent to prison in this world and hell in the next. 0.99

01:00:06.720 Adeyemi's not the answer to anything, and you know it. 0.98

01:00:10.480 if you want to defeat Tedesco.

01:00:12.580 This is a conclave, Aldo, it's not a war.

01:00:14.840 It is a war, and you have to commit to a side.

01:00:20.720 And then there's this Italian guy

01:00:23.960 who's the more conservative pope,

01:00:26.720 and he's very anti-Islam.

01:00:28.960 And of course, we identify with him.

01:00:31.880 And there's interesting scenes in the film

01:00:34.680 where they're all having lunch.

01:00:36.480 They're in like a cafeteria hall during conclave

01:00:39.280 they're deciding on the pope and he makes one he's like do you notice that you know we're all men of

01:00:44.320 god but everyone at every table is sorted by race like in prison he's like the italians are over

01:00:51.440 there the africans are over there the asians are over there and the french are over there

01:00:57.760 he's like like and but he makes a good point like oh that's there's interesting stuff going on here

01:01:03.520 yeah like they they've racially broken down and each one each race or ethnicity has their own

01:01:09.320 candidate that they want but they can't really say it out loud like okay okay but then this guy

01:01:15.060 obviously he becomes the villain he becomes the the bad conservative even though as they are doing 0.99

01:01:21.740 the voting process there's a fucking terrorist bomb that goes off outside and sends shrapnel 1.00

01:01:27.780 raining and it like lands in the center of the room and so like there's there's fucking muslim 1.00

01:01:33.440 terrorists outside the walls at 11 20 this morning a car bomb exploded in the piazza del risorgimento 0.99

01:01:43.600 shortly afterwards as people were fleeing the scene an individual with explosives

01:01:49.360 strapped to his body detonated himself there are reports of further attacks in louva and munich

01:01:57.280 the current death toll stands at 52.

01:02:03.440 hundreds have been injured this conservative candidate he's he's trying he uses that and he

01:02:09.360 says like look like i should be in here because like look we we're fighting for our lives

01:02:14.640 against encroaching islam and i think the movie is telling me that i shouldn't believe that i'm like

01:02:19.760 but that's true like that is true they're blowing up the vatican and you have stanley 0.84

01:02:27.200 fucking tucci over here saying we need to give more money to the poor and trust god i'm like 0.85

01:02:30.960 you can still trust god give money to the poor and also you got to push back these guys 0.99

01:02:34.560 were blowing you up but then the big twist of the film is they end up all voting for this you know

01:02:42.320 afghani you know dark horse pope who like gives a rousing speech to all of them and just you know

01:02:50.400 he he just becomes the guy who splits the line between them and says all that matters is faith

01:02:55.440 in God. Okay.

01:03:25.440 fine but lame twist right but then right at the end tacked on the very end you could have even

01:03:33.100 ended it there and it would have been fine but the last scene is ray finds his character he's

01:03:40.560 talking to this this new pope and through the course of the conversation it's revealed that

01:03:47.440 he's a hermaphrodite no it's revealed that come on there is some there's because he through this

01:03:56.580 entire time he's like tracing rumors and letters and he's got this guy doing investigations for

01:04:03.360 him outside those because no one's supposed to have contact with the outside world during the

01:04:08.060 process of voting the new pope but he finds a way to do it because he needs to figure out what the

01:04:12.320 fuck's going on he finds that this guy he was almost excommunicated because technically he has

01:04:18.380 both male and female organs so when i heard someone say that oh conclave you mean the one 1.00

01:04:25.680 about the transgender pope i said what the fuck you talking about there's no way that's not on 0.97

01:04:31.020 the poster it's not on the poster we already have a transgender movie that was that no one wants to 0.99

01:04:39.780 see at the oscars no and i mean literally this was just like the last thing at the end where it's

01:04:45.760 like oh by the way uh he's trans and he's technically not allowed to be a pope because

01:04:51.180 he has a uterus that was the big thing that he technically has so it's not just like he's got a

01:04:55.940 little dangly part no it's a man with a uterus he can get pregnant he's technically a woman

01:05:01.020 but uh we're gonna let slide anyway because it's what jesus and god would have wanted

01:05:07.980 and i'm looking at this my mouth is on the floor like this seems like it's an attack on me the

01:05:16.400 audience member like this i i can't interpret this as anything other than like an anti-catholic film

01:05:22.420 yeah of course right what do you think about this film that i've just described that's 0.96

01:05:27.420 fucking ridiculous i mean look the premise before even announcing the the herm thing 0.95

01:05:32.440 the premise is already throwing shade at at the church and at the structure and like your main 0.99

01:05:39.920 character has a crisis of faith and is involved in the process but breaking all the rules and

01:05:44.720 intends to leave even though he's involved in choosing the pope like this all if it is to be

01:05:49.940 believed throws a lot of criticism at the catholic church and then to end it cherry on top is by the

01:05:56.720 way the pope is trans by the way the trip is trans and that's a good thing and that's why

01:06:00.940 reinvigorates the church the irony being i don't know i guess technically an irony but i don't like

01:06:06.780 it is all of these characters actually voted for the afghan pope and the afghan pope is the trans

01:06:14.540 pope now i thought all of these characters were unlikable people and you should not trust their

01:06:19.740 judgment except that we trust their judgment when they're so long as they're picking the brown 0.99

01:06:23.580 trans guy this is like the whole thing like with the fucking libs i'm gonna hold you to your 0.99

01:06:31.040 christian principles even if i think that they're outdated and bullshit i'm still gonna hold you to 0.99

01:06:36.580 them like that's i don't know i fucking hate this man that's the thing it's like we're gonna bend 0.99

01:06:41.540 the rules because obviously we have someone before us who deserves to have the rules bent 0.95

01:06:47.760 but but what about him makes you go against the law go against you do you think that could ever

01:06:56.380 happen that somebody could come in as a candidate who actually was literally trans without them

01:07:03.980 knowing you know without them knowing in advance i find that really hard to believe that they

01:07:08.140 wouldn't know literally everything about all the candidates beforehand how are you even making the 0.92

01:07:13.400 fucking decision because the whole idea you don't know about them the what was happening i'll just

01:07:18.080 read it from the synopsis here just to give a more context says ben benitez when confronted 0.99

01:07:23.660 by lawrence reveals he was born with a uterus and ovaries but remained unaware of their existence

01:07:28.060 until an appendectomy revealed them the appointment he was going to go on was for a lap laparoscopic

01:07:34.800 hysterectomy that he decided against because he believed he should remain as god made him

01:07:40.740 and that's the whole final uh scene there by saying like god made me this way like i was born

01:07:46.320 this way that's the whole message god god made women the way they are they still can't be pope

01:07:51.180 like this is this is nothing about this is it's oh my god and so imagine me having like just an

01:07:58.260 hour before i said you know what conclave's pretty good you stepped in it but for the people who saw 0.99

01:08:05.580 they're like what the fuck gay dimes much yeah you know what a trans pope sounds pretty you know 0.98

01:08:12.400 what i i it's the the language of cinema like i just thought i was getting into like a cool 0.99

01:08:19.980 dead pope whodunit i thought i was gonna be we're gonna go after john lithgow and why can't we have

01:08:26.180 that film anyway why can't we have a dead pope whodunit film yeah and honestly i need to just

01:08:33.500 go back and watch the young pope and the new pope i think i should stop searching for that show

01:08:38.560 elsewhere you know i don't know if you've ever seen that show but it's masterful and it's but

01:08:45.720 it takes so much out of you it's almost so good it's exhausting to watch it it's it's got such a

01:08:52.040 i don't know like the language of that film it's it's almost overpowering there's certain films

01:08:57.760 and shows that it just it's it's heavy with just the the greatness of what you're seeing

01:09:05.560 and uh it it it speaks in a very cinematic language it doesn't necessarily need to be

01:09:10.600 realistic even you know you're not expecting it to be but it's like something else and i don't

01:09:15.640 know it's just there's there's nothing else like it and of course there's jude law who's a very

01:09:20.500 intense actor and so he just brings that intensity to the role i i can't recommend it enough i don't

01:09:27.300 think the second season is as good but it's got an amazing role by john malkovich who just knocks

01:09:34.920 it out of the park and it doesn't it's not cynical about that which it speaks it's not trying to take

01:09:41.680 a dig at the catholic church it starts with that and treats it seriously then builds a story on top

01:09:46.020 of that without having to like drill down into that foundation and crack it apart which is what

01:09:51.180 conclave does like i want to tell the story in the vatican but i kind of want to destroy the vatican

01:09:55.640 at the same time so i'm building this pyramid on top of it at the very top it's a drill that goes

01:10:01.200 right to down to the bottom and shatters the foundation and destroys the entire structure

01:10:05.680 by the end of it so you look at this now you're in the rubble with me aren't you happy you gave 0.99

01:10:11.340 me two hours of your life you're two hours closer to death aha thank you thank you fucking ezra 0.98

01:10:19.920 israel stein probably did you look at who the director was no i i've been you know i saw there's 0.99

01:10:27.520 this short film that was released by fox searchlight and it was this story just like a 0.95

01:10:33.220 like a fucking 15 minute film where it's just a racist white guy encounters a black guy 0.99

01:10:40.380 in a supermarket and says a racist thing calls him the n-word and then the black people black 1.00

01:10:47.060 guy goes gets his friends kidnaps the white guy in front of his kids and then they put him in a van 0.97

01:10:54.080 drive him to the hood and they just tattoo his entire body black and then dump him off back at

01:11:00.320 home and that's the end that's just the end of that short story and i just wrote a comment i'm 0.95

01:11:06.040 like oh just made made by fucking ezra israel stein as a joke but if you look at the director 0.53

01:11:12.720 is just two jews who made it of course of course it is it's never not well because i'm like who's 0.98

01:11:19.200 this for who finds is black people watching this i don't think black people are watching this 0.99

01:11:23.040 it's for white people and jews yeah black people watch fucking hip-hop music videos and the 1.00

01:11:29.400 breakfast club they're not watching this like i don't i can't if i was black i don't even know 1.00

01:11:33.920 if i'd find that entertaining because also the premise is that the the biggest insult in the 0.99

01:11:39.320 world is to make someone black exactly exactly oh man that seems like it came from a stupid 1.00

01:11:47.540 jewish mind yeah you know what i'm gonna lead into the next thing i just wanted to talk about 0.99

01:11:53.560 this pdf that came across my desk this is from september 3rd 2024 but uh i never seen this

01:12:01.220 expressed in sort of in in industry language before i'm looking at something that was released

01:12:07.240 by the national bank of canada it's called canada's lost decade by taylor's scleach damn 0.97

01:12:15.200 you ever feel bad with people with these shitty last names yeah sometimes that's one of the worst 0.96

01:12:21.380 scleach berry flunk dennis sninch sniz like you have to you can't change it because that's 0.91

01:12:33.980 insulting your family so at first glance canada's q2 gdp report was a solid as top line growth

01:12:42.220 printed above two percent what has canada done right the simple answer is we've excelled at

01:12:47.780 growing our population the working age demographic is up a g7 best 16 over the past 10 years including

01:12:56.940 of 5.5 percent in just the last two. It follows that GDP per capita tells us a whole different

01:13:04.040 story. This latest quarter marked the fifth straight contraction and the seventh out of

01:13:08.800 the last eight. It shouldn't come as a surprise that comparisons to our G7 counterparts are not

01:13:13.940 favorable. And while per capita GDP struggles have been particularly acute since the population

01:13:19.880 exploded in 2022 this is a long-standing problem over the past decade canada has been at the back

01:13:28.040 of the pack when it comes to per capita growth as a 2024 a representative uh canadian is just

01:13:34.840 producing no more than they were in 2014 um what's driven our decade-long per capita woes

01:13:43.380 it's not household spending uh it's also not government sector which has expanded eight percent

01:13:49.340 note this is largely an investment story the hollowing out here contributing to canada's

01:13:54.140 lackluster productivity record so we're tempted to call the past 10 years canada's lost decade

01:14:00.540 and we're hoping that will break out of the stagnation over the next 10. an imminent

01:14:05.900 population growth slowdown may help per capita measures so basically they're saying uh canada

01:14:11.660 was leading the pack because of our mass migration or as they're calling it population growth

01:14:17.980 they'll never use the term migration they just have to say population growth that was driving

01:14:24.540 the gdp to go up however um that has not uh that has not led us anywhere good that's the national

01:14:32.860 bank of canada saying that and what they're saying is maybe we can lower interest rates to uh drive up

01:14:39.420 demand but now we're seeing that canada was leading the pack for gdp growth and everyone

01:14:47.500 was excited canada was the model for the longest time and now what do you think about all that i

01:14:53.580 mean it just shows that they've learned nothing and it's hard to tell whether it's because they're

01:14:59.340 retarded or because they are unserious but um saying that canada has ever led the pack prior to 0.89

01:15:08.220 you know 70 or 80 years ago is ridiculous we have been behind the ball for generations so like yeah

01:15:16.540 if you want to use gdp as a metric i guess but the fact that you even are selecting gdp as a metric

01:15:22.380 of the success of our nation is shockingly insensitive i love these graphs here chart one

01:15:29.480 after the u.s after the u.s canada leads the g7 on gdp growth and we are within second

01:15:35.760 thanks largely to a surging population um and that's the second graph look canada's top of the

01:15:41.700 pack for working age population wow chart three which makes for a sad per capita comparison and

01:15:48.220 here canada's at the bottom of the pile but look where it started it started at the bottom

01:15:53.860 2015 in that graph started at the bottom stayed at the bottom this is what i'm saying these 0.91

01:16:00.500 motherfuckers have been using the same data for decades sent you know for generations and they 0.99

01:16:06.500 don't fucking care they knew this they already knew this 20 years ago and they don't care they 0.99

01:16:11.580 just keep doing it it's like oh because like oh look we have a really bad per capita rating today 0.99

01:16:16.540 well we've always had one of the worst per capita product you know gdp ratings we've always had like

01:16:23.580 the single worst productivity rating in all civilized nations we've historically had a 0.95

01:16:28.700 productivity rating like fucking africa and a large part of it is the way our government runs 0.98

01:16:33.800 and they've never bothered to change a fucking thing they just keep selling us this line about 0.99

01:16:37.960 gdp so every time i hear people especially in canada other places i'll forgive them sometimes 0.99

01:16:43.300 but in canada you're in canada you're talking about gdp big full-handed slap across the face 0.83

01:16:48.860 shut the fuck up about gdp it is so funny that it's coming out now and if these graphs are to 0.96

01:16:54.320 be believed they're saying that you know it's got the re the gdp has gone up real gdp has gone down 0.98

01:17:01.520 per capita gdp has always been at the bottom so like well why weren't you saying this in 2018

01:17:06.460 like you've been saying this for 10 years any any single year on that chart that's i don't even know

01:17:11.920 why they show that chart every year on that chart we're on the bottom we never left the bottom so

01:17:16.460 like what this isn't news we've always it's it's like we're at the bottom and we've gotten

01:17:21.320 significantly worse while the u.s has gone up yes like gone up like cats insanely big so the story

01:17:29.280 that they're telling you is like wow it's been really bad over the past 10 years and no one was

01:17:33.460 talking about i'm like well you're the national bank of canada yeah are you are you telling me

01:17:39.460 you're surprised by this and by the way we've all been talking about it and we've like political

01:17:44.260 campaigns have you know promises have been made and then broken about it it's not like this isn't

01:17:48.760 in the public consciousness it has been for for a hundred years but again they they are not they're

01:17:55.140 not really serious about this they don't actually care like we're so far at the bottom below

01:18:00.980 france even i mean italy's doing pretty well you always hear like these horror stories about italy

01:18:06.900 being terrible italy is second that's ita right yeah yeah i will say it is not that fair i mean

01:18:17.180 i'm i'm happy to be compared to those six nations but canada is no is not in the same class as

01:18:24.700 britain france germany japan italy usa we're not the same class we're like maybe belgium not even

01:18:33.080 like we're not a big we're not actually a big country so no i agree completely and then leads

01:18:40.360 me to just this next article that we're not going to read in its entirely entirety but i just wanted

01:18:45.440 to call attention to it from uh just emil kirkegaard things from emil o w kirkegaard

01:18:52.000 the title alone large-scale

01:18:54.140 re-migration is possible

01:18:56.420 and it's a curated

01:18:58.320 history of population transfers

01:19:00.140 from 1900 to present

01:19:02.500 and circling back to what we said

01:19:04.260 at the start with my

01:19:06.360 mom reading Candace Owens

01:19:08.320 and what I think is a lot of people

01:19:09.920 this is the type of thing

01:19:12.000 that I think we're just about

01:19:14.200 at the point where you can introduce this to regular

01:19:16.380 people like

01:19:18.100 this type of piece

01:19:20.420 here which is a history

01:19:21.940 of remigration so it's not even a new thing and that's something that i think is really baked

01:19:28.900 into the discourse that we're having we're talking about remigration and it's like we're adopting it

01:19:33.540 it's this new thing we're not talking about deportation it's this new thing called remigration

01:19:37.860 but because it's new it seems unprecedented and some people are very cautious about anything

01:19:44.020 that's unprecedented obviously but part of me thinks if you can point to all the instances

01:19:49.460 where this has happened in the past that makes it easier for people to wrap their heads around him

01:19:54.260 but there's a trade-off there because on one hand you want something that's new and exciting

01:19:58.820 a new strategy maybe americans maybe canadians want something that's never been tried before

01:20:03.760 but i do think if you tell them no this has been tried before and it's worked easily

01:20:08.020 and maybe you won't you know relate to the examples but i think that might work better

01:20:14.060 what do you think yeah absolutely also because a lot of these examples are jews being kicked out

01:20:19.440 so it'd be nice if it was oh did you know the nigerians remigrated the congolese in the 0.60

01:20:26.600 fucking 70s oh did you know that uh the venezuelans remigrated the acadians or something 0.81

01:20:35.160 but it's like here's 109 examples where jews were kicked out i'm like well that might not 0.98

01:20:40.160 that might not just for the types of audience that we're talking about um you know but then

01:20:46.480 there's turkey and greece in 1920 the 1923 population exchange between greece and turkey

01:20:51.560 stemmed from the convention concerning the exchange of greek and turkish populations

01:20:56.320 signed at lausanne switzerland in 1923 by the governments of greece and turkey involved at

01:21:02.780 least 1.6 million people uh most of whom were forcibly made refugees and de jure denaturalized

01:21:10.040 from their homelands um there's also mexicans out of the usa in the 1929 and 1939 the mexican

01:21:16.880 repatriation was the repatriation deportation and expulsion of mexicans and mexican americans

01:21:22.840 from the united states during the great depression

01:21:25.500 how many cool things do they sneak in during the great depression

01:21:29.900 uh polls out of nazi germany probably not the best example to have at the top uh soviet union

01:21:37.240 uh Chechens out of Chechnya Greeks away from Black Sea Finns out of former Finland okay not 0.99

01:21:43.120 not great Germans out of Italy or become Italians in 1939 uh oh another Nazi one damn

01:21:50.220 there's a lot of Nazi examples here I would uh just uh suggestion Mr. Kierkegaard don't

01:21:58.560 mostly make it about Nazis at least at the start um here we go Italians in 1943 to 1960

01:22:06.180 the istrian dalmatian exodus um during as well as the ethnic slovenes and croats from yugoslavia

01:22:13.860 the emigrants who had lived in the now yugoslav territories of the julian march uh largely went

01:22:20.020 to italy but some joined the italian diaspora in the americas australia and south africa so they

01:22:25.060 got them out of yugoslavia albanians out of greece czechoslovakia and the czechoslovakia

01:22:31.060 hungary transfer in 1945 japanese sent out of china this big one the japanese repatriation from

01:22:39.140 hulu dao um from

01:22:45.700 uh over one million japanese were taken back to japan from 1946 1948 by the american

01:22:51.540 forceships under the auspices of the republic of china government anyway there's more in here i

01:22:57.540 I just want to let people know that this is the type of thing that I think you can really put on a platter and serve to people.

01:23:06.400 However, try and stay away from Nazis and Soviets because within the discourse right now,

01:23:12.560 there's a lot of people who will probably look upon the Soviets as even worse than the Nazis.

01:23:17.160 You would want to hope that the person you're talking to doesn't know very much about history and geography, though.

01:23:22.580 Because without talking about Nazis, a majority of those are during the war.

01:23:27.540 anyways which means you're not actually proposing something that was ever a you know happy-go-lucky

01:23:33.300 peacetime uh process it was always something to do with carting the enemy up in train cars and

01:23:40.060 dumping them on the other side of the border at gunpoint that is true which is not something

01:23:44.420 like we obviously want to do that with the indians and following that just about everyone else but

01:23:50.760 if if the question is how do we get the majority of actual real canadians on our side

01:23:58.560 i don't think you can and i don't think you i don't think you yeah i don't think you need

01:24:04.160 i raise a good point there because i think the only example here is the india pakistan transfers

01:24:09.060 but even then that was a pretty intra-ethnic conflict too yeah they hate each other and

01:24:14.300 that was at the behest of the british probably so like none of this is none of these were peaceful

01:24:19.600 probably every single one of them was related to a war where the winner relocates the loser at

01:24:25.280 gunpoint so what we're saying if you people are paying attention is there's going to be a war

01:24:31.500 and we are going to win and we are not going to kill your family we are going to rope you 0.97

01:24:38.440 into train cars and send you back to your home country yeah that's i mean that's the message 0.97

01:24:44.260 so but then the i think the real message for us is look how many times it's happened

01:24:50.040 look how many times it was done with the stroke of a pen rather than looking for a political mandate

01:24:58.180 how many times did they get a majority political mandate for these decisions and how many times

01:25:03.140 did the executive just say whoops you're gone yeah and let me just say there's only i think

01:25:10.260 there's a couple examples where it might not have been during war but even then it's one's during

01:25:14.920 the cold war um he like turks out of bulgaria in the 50s like the yugoslav one was during a civil

01:25:22.260 war right yeah yeah but you're right like i think it's difficult to sell because they're all there

01:25:28.000 needs to be a war that is currently ongoing so you almost need to sell people on okay all we need

01:25:32.660 to get this done is for it to get way away we we actually need to be killing them and this will be

01:25:38.260 seen as a mercy i'm like well the one the cyprus the cyprus one in the 70s i think they fought a 0.90

01:25:43.400 war with turkey or they had a turkey evaded cyprus and eventually the war was a stalemate so greeks

01:25:48.440 were moved south to the remaining greek cyprus and turks north so this is what i mean like people

01:25:52.940 people's houses are already burned so we may as well just move you like this is not the same thing

01:25:57.480 it's difficult to discuss migration when every example it's like so we start by slitting their

01:26:02.640 baby's throats and then this is seen as a compromise how about this how about this how

01:26:07.520 about we say um every other case of remigration in the past before we got to the point of relocating

01:26:14.720 you we burnt all your houses down let's just skip the middleman how about we don't burn your house

01:26:20.520 down we just relocate you that sounds good let's do that i don't have to we don't have to shoot

01:26:25.660 each other you can just go but this is not really a democratic thing this is like an implied threat

01:26:32.520 or a pitch we call it a pitch why don't you just leave now and that way we don't have to

01:26:38.060 burn your house down and i just want to say there's no bad ideas in brainstorming

01:26:43.000 so i'm just we're spitballing if you say it's spitballing then you can just look we're just

01:26:52.520 putting stuff on the whiteboard i'm not endorsing it we're just writing it down come back to it

01:26:57.200 later we'll circle back we'll circle back i'm just anyone can say anything and then we'll decide 0.98

01:27:03.660 later if we're doing it but that's the whole jd vance thing we're gonna fucking kill you i'm 0.98

01:27:09.420 it's spitballing rules i have the spitballers veto 0.90

01:27:14.320 i wish jd vance was that cool can you imagine if jd vance was the meme we believe him to be 0.99

01:27:24.020 oh man it'd be so beautiful he was just a fucking fat baby-faced van halen serial killer 0.98

01:27:30.220 the more jd vance memes i see the less i like the real jd vance because i'm seeing the platonic 0.99

01:27:40.980 ideal the platonic form of jd vance what he could be because i've gazed upon his soul

01:27:48.540 and he has been found

01:27:50.840 wanting.

01:27:52.340 This is the guy that is

01:27:54.740 chugging, eating corn

01:27:57.080 on the cob. He's deep-throating a corn

01:27:59.100 on the cob, first of all. Second of all,

01:28:00.980 he's chugging a monster energy. Third of all,

01:28:03.400 he's, like, smashing 1.00

01:28:04.680 old black ladies' heads to smithereens 1.00

01:28:07.040 with a big cartoon mallet. 0.99

01:28:09.700 And then I'm supposed to watch 0.95

01:28:11.200 this regular-ass 1.00

01:28:13.160 motherfucker on TV. 1.00

01:28:14.380 this is how the news drives you insane yeah it takes it out of you we gotta discuss a pretty 1.00

01:28:21.480 complicated book here will you all go with me upon this journey here we go this pathway i read

01:28:28.080 this book that i really love and it reminds me of the transformation of the public sphere

01:28:34.240 that we covered many many episodes ago i think it's published by the same kind of the same group

01:28:41.140 it's published by Princeton University Press

01:28:43.560 but I think it's affiliated with the Claremont Institute

01:28:45.620 in some sense or one of those think tanks

01:28:48.000 but it's kind of hard to get a copy of this book

01:28:50.680 it's called The Disenchantment of the World

01:28:52.980 A Political History of Religion by Marcel Gaucher

01:28:57.120 and I had this on the docket for quite some time

01:29:03.100 and the title was never electrifying to me

01:29:08.000 but this is one of those books where

01:29:10.260 you know if you follow the premises being established you know any of these i don't

01:29:16.560 call it revisionist history but starting from the position of i'm going to explain anthropologically

01:29:22.720 this thing called religion right i'm like well it seems to lack nuance is this just as is this

01:29:31.360 sort of like an atheist treatise but it's not it's a lot more nuance than i gave it credit for

01:29:37.560 And there's a lot of very interesting ideas brought up in this.

01:29:40.320 I really think it pairs well with the last few books we had done, Christianity and Classical Culture by Cochran, and also the Germanization of early medieval Christianity.

01:29:51.040 So I think this, it borrows, it doesn't borrow purposely, but there's a lot of echoes from those books in this.

01:30:00.020 But it's written in such a way that it doesn't lend to reading it very easily.

01:30:04.540 you kind of do need to reread certain paragraphs there's a lot of depth to it just like when i did

01:30:10.400 a transformation of the public sphere it's very dense um and so i'm gonna do as best i can to give

01:30:18.640 you the broad strokes and the big hits but here's the stuff that i found the most interesting and

01:30:23.760 what he's talking about is he is again not from an atheistic perspective but he's basically saying

01:30:31.700 that in the modern era, religion doesn't really exist like we used to know.

01:30:39.140 And this is a familiar idea if you've been tracking our discussion of Eliad and Cochran

01:30:46.220 and the idea that people of the past believe things differently than we do now

01:30:53.420 and that our expression of Christianity is very liberalized and arguably very secular.

01:31:01.700 it's not true to its form as it would have been many centuries ago i don't think even a lot of

01:31:07.480 christians would deny that they would see that as a problem but he was just saying that

01:31:13.120 he was he was saying that was inevitable and he's saying that there's no way back and that's what

01:31:20.060 the title disenchantment of the world means we've become disenchanted with religion generally and

01:31:26.980 even those that claim to adhere to it they do suffer that disenchantment as well as much as

01:31:33.400 they might fight against it i think there's a lot of truth in that i think there's a lot of

01:31:39.040 you know people who are very strong adherence to their religion that probably feel that as well or

01:31:44.200 suspect that their ancestors possessed a stronger faith than they did and it's a very difficult

01:31:51.420 thing to try and recapture now so he starts off here and he says religion religion's demise is

01:31:57.740 not to be ascertained by declining belief but by the extent of the human social universe's

01:32:03.580 restructuring through this restructuring or though this restructuring originated within religion it

01:32:09.660 escaped from and reversed its original religious orientation and this reversal of the age-old

01:32:15.820 organizing influence of the religious will be the book's main focus for as i will try to show

01:32:20.940 The disappearance of enchanters and powerful supernatural beings is only the superficial sign

01:32:27.340 of a much deeper revolution in relations between heaven and earth, which decisively reconstructed

01:32:33.600 the human abode separate from the divine. What is currently alive in the Christian faith has

01:32:39.360 no connection to the circumstances surrounding its birth, the conditions that allowed it to

01:32:44.660 assert itself and develop, or the role through which its major themes and variations have been

01:32:49.880 played out and that's really his summary of the book there and just at the start here what do you

01:32:56.220 think of all i've said so far what did you think of that uh yeah i've had that feeling uh through

01:33:02.160 most of my life and i think anybody who was raised in an you know in a you know community of faith

01:33:07.960 should feel the same way unless they you know are mennonite and live under a rock and probably even

01:33:13.260 then so yeah i remember it reminds me when we discussed julian james and the breakdown of the

01:33:19.080 bicameral mind which is somewhat of a controversial book but it was um that was more of a biological

01:33:24.500 stance that said your ancestors ancient ancestors had an entire section of the brain that was active

01:33:32.240 that is no longer active that was effectively used to communicate with the supernatural world

01:33:39.380 and very literally people would hear the voices of their dead or they were unable to discern the

01:33:46.280 difference between their conscience slash internal monologue and the voice of the divine or whatever

01:33:53.600 god they might believe in so that was an interesting idea the whole point is that and even

01:33:58.780 marcia elia discusses this that people were generally more subsumed especially in pagan

01:34:04.860 societies with the supernatural that the real world the materialist world was permeated with

01:34:11.020 the supernatural it was very real and it was very immediate and i think what he was getting out of

01:34:16.100 book is that we feel i think if we're being honest we all feel this that we become further and

01:34:21.860 further distanced from the supernatural or the divine or that other world and that we may want

01:34:27.780 to recapture it and in fact the greater the distance the more our desire to recapture it i

01:34:33.300 think that you know reverberates through a lot of our discourse that we're desperate to try and

01:34:37.540 recapture where our ancestors were just subsumed by it um so again i i it's not a valued judgment

01:34:45.460 on that it is just saying that is what it is and so he says um is there a broad common bond between

01:34:52.660 the religious sphere and the social reality whereby sacral otherness allows the group to

01:34:58.500 found itself or expresses and institutes the essential superiority of collective being over

01:35:04.980 that of its individual members religion substantially means the translation and embodiment

01:35:11.300 of social man's negative relation to himself into social norms to say that religion is a way of

01:35:17.620 institutionalizing humans against themselves simply states what is most specific to the

01:35:23.380 organization of human beings a confrontational posture towards things as they are making it

01:35:29.060 structurally impossible for humans to entrench themselves and settle down and steadfastly

01:35:34.100 condemning them to a transformative non-acceptance of things which is an interesting idea sort of

01:35:41.300 And he's talking about religion very broadly there.

01:35:44.680 But, you know, my reading of it, it's mostly about Christianity.

01:35:48.660 He doesn't really talk too much about Hinduism, Judaism, Buddhism or anything.

01:35:54.500 But he is trying to find a correlation between the acceptance of spirituality putting you at odds against the world.

01:36:07.500 And this was sort of an argument that we were having in the chat, and some people were disagreeing with the foundational premises of that book, the Germanization of early medieval Christianity, or specifically the idea that Christianity was more world-rejecting, especially many centuries ago, while paganism or Hellenistic or tribal kin religions were more world-accepting.

01:36:32.420 And this is sort of the idea of even when we went into Joseph Unwin's book, Sex and Culture, where we can track certain segments of religious development.

01:36:45.800 There's sort of the dead level of comprehension where they kind of understand the paranormal world, but they're even below medicine men and shaman at that point.

01:36:53.620 They don't really recognize the dead or the permanence of spirits or any true understanding of the spiritual world.

01:37:00.620 then they can kind of not progress because sometimes they never progress or sometimes they

01:37:05.900 even step down to complexity but you can tell how as their understanding of social relationships

01:37:13.020 changes so does their understanding of the world and the spiritual world specifically so

01:37:20.700 there is a correlation between and and this was really what sex and culture was about

01:37:25.980 our understanding of the supernatural and the types of societies that we create and their

01:37:33.340 level of complexity and it seems to be grounded in our ability to separate ourselves almost from

01:37:40.620 nature or to stand apart from nature and the more we can stand apart from nature the further we can

01:37:46.620 see almost into the spiritual realm that's a strange way of visualizing it but you know he's

01:37:52.060 kind of talking about like our our ability to other ourselves or to step away from nature

01:37:58.620 is that in itself is a process that doesn't stop that's really always talking about like

01:38:04.940 when we talk about our distance from the spiritual world that's because we keep separating ourselves

01:38:10.140 further and further and further from nature itself which is almost which is a scientific movement

01:38:16.620 that we we've really achieved dominion over the earth we we've never been further away from nature

01:38:24.060 than we are right now and are under and we have total understanding of it we've also

01:38:28.220 separated ourselves from the spiritual we separate ourselves from everything and so

01:38:34.620 what we're feeling is that we're not a part of anything anymore and so i and that also changes

01:38:42.380 what sort of society we will create with that understanding and with that power because you

01:38:48.460 know as things were close together nature and religion and humanity we could actually create

01:38:53.340 systems of living where all of those coalesced but the further away where we are away from both

01:38:59.340 we can only create these up insane hyper industrial space-faring mind-bending nothing

01:39:06.620 human survives in the future types of societies which and he would argue maybe that's even

01:39:12.780 inevitable unless everything collapses right um does that make any sense am i making any sense

01:39:18.540 with this all right yeah yeah that makes sense he says as soon as we make the relation to the

01:39:23.740 social foundation the center of gravity of the religious we are led radically we are led to

01:39:29.580 radically invert our perspective we now see religion's most complete and systematic form

01:39:34.700 is its initial one later transformations which we thought corresponded to more advanced stages

01:39:40.220 progressively call the religious into question its origin its origins lay in radical dispossession

01:39:46.700 where the foundation was considered to be holy other later formulations of the divine image

01:39:51.740 which reinforces power and one would think human dependence on it actually corresponded to a

01:39:56.940 reduction of the religious other as the world's ultimate organizing principle in favor in favor

01:40:02.620 of agents here below that's sort of what we were getting at with the last couple books especially

01:40:08.940 the germanization of medieval christianity was you know i've just mentioned that sort of argument

01:40:13.580 we were having about world accepting versus world rejecting that in these pagan religions it was

01:40:18.300 more immediate it was more world accepting it was very cyclical and so i know eliat was talking

01:40:25.820 about the myth of the eternal return so much of the belief system was based on the seasons

01:40:31.980 it was based off of nature it was based off of the world around them and it had a difficulty

01:40:38.140 truly conceptualizing another realm or dimension i remember that's what e michael jones is talking

01:40:44.140 about in logos rising where he said that um the the great philosophy of the greeks and the greeks

01:40:51.580 needed to teach us teach us logic and teach us these more advanced ways of thinking so we could

01:40:59.020 actually comprehend this thing called god this concept called god or the idea of logos speaking

01:41:05.340 across time because that was too complicated an idea for a more primitive people anyway point being

01:41:11.500 that more ancient religions were more world accepting and then christianity was world

01:41:17.020 rejecting and the opponents of this idea were saying that well of course you know even christianity

01:41:21.900 go christians going back to rome they had an understanding of family and marriage and you

01:41:27.100 you know, they fought, they fought war.

01:41:28.920 So they were concerned with the immediate world.

01:41:32.260 And I'd say, well, that wasn't really what they were getting at.

01:41:34.800 Because to me, you can't just say that Christianity and Hellenism 0.98

01:41:39.480 was the same fucking thing then, right? 0.98

01:41:41.760 There's something within Christianity that was seen as superior 0.99

01:41:46.220 or at least different than what they already had.

01:41:49.740 And the argument made in the book was that Christianity really thrived

01:41:54.520 in urban areas.

01:41:55.680 it thrived in rome and it thrived in areas where people were undergoing uh dysgenic pressures and

01:42:02.560 social atomization people were individualized and atomized in these societies and that's what

01:42:08.000 christianity appealed to and what it had a difficult time working with was these tribes

01:42:14.560 that were already possessing of a very strong collectivist kin religion a pagan religion

01:42:20.000 So it had to figure out how to map this very urban, individualized sort of thing onto a more rural, more collective, more kin-focused population.

01:42:32.020 And that was the whole point of the book.

01:42:33.200 But I think there's something to that.

01:42:35.960 I think there's something to the reason Christianity took off so strongly in Rome is because Rome was already in the process of collapse.

01:42:44.820 and it appealed to people who previously had their identity bound up in civic duty

01:42:52.440 that they found themselves betrayed by the same polis

01:42:55.920 that they had their entire identity bound up in, right?

01:42:59.060 If you are a citizen, but then your government seems to be corrupt and failing

01:43:04.300 and you can't define yourself against it any longer,

01:43:08.700 so you find something else, which isn't to say you didn't have a family,

01:43:12.420 which isn't to say you didn't you weren't willing to defend your home but they were searching for

01:43:18.600 something else i think that was more individualized and world rejecting and more focused on the

01:43:23.440 hereafter more focused on the hereafter and what is outside of this world versus the more world

01:43:33.080 accepting more cyclical cyclical time religions anyway i'm just re-going over things that we

01:43:39.360 discussed before so i apologize if people are sick of that but there is something to that about the

01:43:44.840 the world rejecting religion and then how that as that religion becomes more europeanized which is

01:43:53.240 what that whole book was about as it becomes more temporally locked on the earth which is kind of

01:43:59.360 what he's getting at with the vatican church right you know christianity was this more francescan

01:44:05.060 sort of thing you maybe you are supposed to forego your worldly possessions just don't

01:44:10.660 give a about this world because it's already fallen state work towards the afterlife however

01:44:17.540 as it becomes more focused on this realm this territory we lose some of that enchantment so he

01:44:25.460 was saying this is coded it's his code further back at within the roots of the catholic church

01:44:31.540 itself that's what he's saying does that make any sense and maybe prostitism was trying to recap yeah

01:44:41.700 and saying that you know the mistake originally was trying to make religion

01:44:47.060 the foundation of society at all because that seemed too corrupted in some sense so

01:44:56.180 he discusses the pagan cultures here he says the shaman remains a technician endowed with

01:45:00.980 a special ability to move between the living and the dead between spirits and magical forces and

01:45:06.260 we discussed this in the book sex and culture by unwin he is in no way an incarnating force

01:45:12.580 creating a permanent union but he between the human world and its creator and ruler in other

01:45:17.620 words the shaman confirms that even if it were possible to travel beyond tangible reality within

01:45:24.100 such a system in the present one cannot cross over to the side of the founding past and the

01:45:29.620 in saturating law whose impersonal perpetuation is guaranteed by its ritual recurrence. Faced with

01:45:35.300 this decisive gap, everyone, including the leader and the shaman, is equal. The two major cultural

01:45:41.340 characteristics inherent in primitive religion are, one, adherence to what exists and the supposed

01:45:48.520 conformability of collective experience to its ancestral law. All subsequent religious evolution

01:45:54.540 will change these characteristics. And that's really the summary of what I was just talking

01:45:59.000 about he says the main developments in the theological and cultural spheres within higher

01:46:04.920 cultures actually represent under the theological guises of affirming the deity's person in power

01:46:10.800 so many stages along the path to reducing the foundation's practical otherness an otherness

01:46:18.240 most fully realized in primitive societies and that's really just re-saying what i had said which

01:46:22.900 is that the more you add a social structure to this you remove the otherness you remove the

01:46:30.740 enchantment from religion which was realized in these more ancient and more arguably primitive

01:46:37.160 cultures what looked like a continual deepening of the experience and conception of the other

01:46:42.880 proves to have been a progressive reappropriation of what was originally removed the gods withdraw

01:46:49.480 And simultaneously, the non-questionable becomes questionable, being affirmed by the hold humans have on the organization of their own world.

01:46:58.860 And that's sort of getting close to what he's talking about at the center of this book, which is as we do this, as we begin appropriating religion and making it more of this world, we draw a line around it.

01:47:13.760 We make it something that can be inquired upon, something that can be investigated and taken apart.

01:47:20.220 The very idea of theology, basically, is what he's talking about, that we'll take this religion and dissect it and question it and philosophize it.

01:47:29.400 And then it becomes within our domain.

01:47:33.720 And so it becomes less other, less supernatural, less powerful and just becomes almost another type of politics.

01:47:41.000 Maybe not exactly politics, but something closer to politics than a true relationship with the unknown.

01:47:48.560 And I think that was what the Germanization of early Christianity was talking about, which is that in the process of synthesizing these European folkways and making a truly European church, which eventually caused the schism into the Protestant church, but that is a holy European movement.

01:48:07.260 that is true that did happen i think that's it's not even arguable that that happened

01:48:14.020 but during that process it became by becoming european it became less about the kingdom of god

01:48:21.800 so whether or not you think that's good or bad put that to the side that does seem to be what

01:48:27.380 happened uh what do you think about all that yeah yeah that's yeah i know i'm trying to restate

01:48:36.160 this stuff because as you're reading i know some people if they're not looking at the notes

01:48:40.140 it might be hard to follow it so forgive me if i'm just you know running it over and over again

01:48:45.520 but i'm trying to get to i'm really trying to do this book justice i would recommend this book i

01:48:50.740 think more people should read it even if not completely sold on the ideas that i'm saying

01:48:56.240 however the reason i'm using this book right now and going into this book is because we've really

01:49:01.720 set it up with the past three or four ones as well so he said um he says the most important

01:49:09.560 of these upheavals is undoubtedly the birth of the state this event severs history into and

01:49:15.720 brings human societies into an entirely new age brings them decisively into history not in the

01:49:22.060 sense that it pushes them from a state of inertia to one into motion but rather that it modifies in

01:49:27.340 every way their de facto relation to change and hence their actual rate of change with the state's

01:49:33.980 appearance the religious other actually returns to the human sphere while it of course retains

01:49:39.640 its exteriority relative to the state the religious penetrates and is embodied in the state

01:49:45.780 once a mechanism for domination appears the severance occurs inside human society and separates

01:49:51.040 humans from each other the dominant ones are on the right side of gods while the dominated are not

01:49:56.660 these will be humans completely these will be humans completely different from their fellow

01:50:02.100 human beings insofar as they participate directly or indirectly in the invisible sacred center

01:50:08.380 feeling of the collective existence and so what he's describing is the emergence of the priest

01:50:15.000 class so it doesn't even this doesn't even need to be just christianity because of course you

01:50:20.640 had a priest class in rome of course you had a priest class in you know ancient china you know

01:50:26.940 you had priest classes elsewhere but i think that's why he's trying to draw these lines with

01:50:30.860 they also had a pretty developed religion in a sense it's not an abrahamic monotheistic religion

01:50:38.740 but they had something that was beyond just simple tribal paganism and it's not just one shaman or

01:50:46.700 one medicine man it is a more advanced idea of the priest class and that's that really seems to

01:50:51.820 emerge with the state i think you can actually use this religion as a way to create classes

01:50:58.880 within society which is an interesting idea but you can already start to see that this book seems

01:51:04.300 to be written from a leftist perspective it's talking about or maybe not less anarchistic but

01:51:10.120 it's you know what was like the tavistock institute this seems like a very tavistock

01:51:17.200 type book we're talking about how oh it's actually religion that created capitalism

01:51:21.580 something like that you know what i mean but he doesn't outright say that but that's sort of the

01:51:26.620 way like i hear from these types of guys um and he he goes further here and says the power of a

01:51:32.100 few individuals to act in the name of the gods is the barely perceptible yet irreversible step

01:51:38.420 towards everyone having the influence on the god's decrees the imperceptible yet definite

01:51:44.020 beginning of a collective grasp on the previously sacro sect order the state ushers in an age of

01:51:49.680 opposition between the social structure and the essence of the religious hierarchy means

01:51:54.160 incorporating the foundations otherness into the very substance of the social tie but and so that's

01:52:00.020 an interesting idea there that the moment you think a special class that can especially

01:52:04.940 interpret god or the gods or the other world now you've got the basis for almost negotiating with

01:52:13.040 it this is what the jews were good at like the jews were maybe the first group that treated god

01:52:18.800 as some someone you could trick or negotiate with it's like oh i understand that i can talk to you

01:52:25.540 but wait if i can talk to you that means we're on the same level in a sense whereas before you know

01:52:33.160 you could trust this one figure to phase into the other realm and trust that person could maybe do

01:52:41.060 something and maybe not and the magic the magic was very poorly understood but now we have a more

01:52:46.860 lateral and maybe democratized understand that way we as a group can talk to gods on a one-to-one

01:52:55.320 level and he's interested in us that's fucking wild you know i mean so and so you start to see

01:53:03.040 change over time but that's also granting us more and more power so you see that seed eventually 0.80

01:53:08.900 grows into having total power over religion itself but then completely severing it from its otherness

01:53:15.440 so he goes on further here he says but we still cannot comprehend the enormous groundswell which

01:53:21.220 over several centuries from 800 to 200 bc swept from persia to china from india to greece including

01:53:28.680 palestine this period divides religions into pre and post those coming before and those coming

01:53:35.360 after it which is why carl jaspers has called it the axial age of universal history and the two

01:53:42.480 groups cannot be conceptually reunited without referring to the enormous spiritual activity

01:53:47.540 inscribed deep within the political division and to its expansion so deep is the discontinuity

01:53:53.820 established by this revolutionary revolutionary reorientation this total radical transformation

01:54:00.780 of the religious the transvaluation of the rules of life that it appears to come from nowhere the

01:54:07.660 gap between the here below and beyond subjectification of the divine principle and

01:54:12.460 universe and universalization of life values these are the three main outcomes of the religious

01:54:20.220 subversion embedded in the innermost depths of the collective articulation and they break into

01:54:25.180 social discourse so just to recall he's saying the radical transformation of the religious

01:54:30.700 the transvaluation of the rules of life uh the gap between the now and beyond so the three

01:54:35.900 principles he's talking about the gap between the here now and beyond the subjectification of the

01:54:41.580 divine principle and the universalization of life values those were three things that happened

01:54:47.100 right around the same time that had never occurred before the idea of universalization

01:54:54.080 of values period was a totally was a fucking zeitgeist changing idea that seemed to sweep

01:55:01.520 the the region at the time um so i think that's interesting he says um the personality the

01:55:09.460 instigators or founders of religion is important indeed it's worth noting that from lao zoo to

01:55:15.000 zarathustra from the prophets of israel to buddha we see the principle of individuality burst into

01:55:21.120 history much so that much so then the great monarchs whose person and function can scarcely

01:55:28.220 be separated we must keep in mind that they acted primarily to reveal a version of the sacred which

01:55:33.940 though tactically perceived tacitly perceived was the same time concealed as to be unthinkable

01:55:41.540 so he's basically saying that around the same time not only did this idea or sense of individualism

01:55:49.580 occur but also the universalization of individualism or at least a precursor to that

01:55:54.620 around the same time so much so that you can have a hard demarcation there's like before that and

01:56:01.000 after that that's what kind of makes the ancient world ancient is what he's saying i think there's 0.94

01:56:06.300 something to that and i'm not sure how evenly that can be distributed across fucking china and persia

01:56:14.260 and india and whatnot but you know i'll just take his word for that but it seems that something 0.67

01:56:18.160 happened even with the character of zarathustra even with even with these sort of these religions

01:56:24.040 that occurred before the zoroastrianism is the same sort of thing going on there and we talked

01:56:31.780 with that in the book uh the disappearing religions of the middle east where you know these these

01:56:37.080 pre-christian cults and religions that are still around they they still had the the dna of this in

01:56:44.660 them um here's an interesting he says paradoxical though it may seem the proliferation characteristic

01:56:52.340 of mythical thoughts union of the visible and the invisible was reversed in a universe presented as

01:56:59.040 united thought corresponds to a logic of the many in a universe divided between presence and absence

01:57:06.060 there suddenly appears a way of thinking the one hence the unending attempts to disassociate or

01:57:13.000 dissociate the singular from the universal the abstraction from the concrete such were the

01:57:18.660 operating conditions for establishing a property speculative a properly speculative way of thinking

01:57:25.220 opposed to mythical thought which is what he's describing is like the the instigation that

01:57:32.600 causes to be able to think abstractly as an individual at all i again i keep thinking of

01:57:39.380 julian james's breakdown of the bicameral mind which is that you were so absorbed by the world

01:57:45.960 all the time that it was almost speaking to you and speaking through you there was

01:57:49.440 no separation of you from fucking anything and then something happened and created this idea 0.96

01:57:56.160 of the one maybe not individualism maybe not social atomization but this is how you get 0.97

01:58:02.660 true individualism this is how you work your way to the enlightenment which also isn't to say that

01:58:08.640 you know any other culture achieved the enlightenment because the enlightenment is a

01:58:13.320 very geographically and temporally locked events so it's not like yes china yes you know achieve

01:58:19.280 the alignment however they had something closer to an understanding of individuality versus a 0.93

01:58:25.740 fucking illiterate african tribesman you know that there is a gradation yeah yeah so just to 0.93

01:58:32.620 be clear about what i am saying here he goes on to explain it a bit more here he says supernatural 0.99

01:58:38.740 beings and the gods themselves inhabit a completely formed world within which they regularly exert an

01:58:45.080 influence without dictating its course the sudden appearance of transcendence goes hand in hand with

01:58:51.120 a reunification of two dimensions that were initially separate the original and the actual

01:58:56.840 the inaugural institution and the actually present forces of the invisible a reunification that

01:59:02.600 completely alters the nature of supernatural power by conceiving it as both our world's source

01:59:08.760 and its driving force of driving force two ideas follow logically from this the idea of creation

01:59:16.940 as a co-mentration of past and present the i just copied that from the book i don't know that

01:59:23.940 doesn't seem to be a real word but whatever uh or the originary principle and the actual

01:59:28.680 organizational reality and the idea of being as a unique and separate principle in this dual

01:59:34.580 perspective the idea of creation is essential to crystallizing transcendence so you know what

01:59:40.220 he was saying at the top there was you know we would imagine the realm of the gods as a place

01:59:45.920 where the gods inhabit you know it's just another territory it's another dimension and they exert

01:59:52.780 power over there and they can use their power over our world but we had not yet let's say evolved

01:59:59.240 the idea of like the mind of god which is like a dimension that creates itself and speaks itself

02:00:05.440 into being we are subservient to that creation but no one created the creator it created itself

02:00:11.420 because it is creation i am you know i mean like that was such a big idea like you could not

02:00:18.880 communicate that idea to a primitive or ancient mind that is the the very nature of what the

02:00:26.840 supernatural is had to change which required us like ironically having the ability to dissect it

02:00:35.160 you know i mean like our power to destroy the supernatural also creates the a bigger supernatural

02:00:44.000 realm you see like when we talk about interdimensional beings you know i mean like

02:00:49.920 when we talk about uh dmt and the machine elves i find that our as our scope widens the deeper it

02:00:58.500 gets and more horrifying it gets too but also it becomes less enchanting you know i mean like

02:01:04.200 your average person understands that there's this drug you can take and you can see into another

02:01:11.300 dimension where there's strange beings and everyone seems to kind of passively admit that

02:01:17.860 this is real that this isn't just science fiction we do more people believe that we exist on just

02:01:25.040 one plane of existence and there's hostile interdimensional entities that are affecting us

02:01:29.560 you know i mean so that's not an enchanting thing it's very complex but the depth of that

02:01:37.360 i staggered to even glance upon you know i was talking to um disgraced propagandist just the

02:01:45.180 other day on the interview on his show and i was talking about the idea of multiverse theory

02:01:49.700 your average person like my mom like people's parents they they know what a multiverse is

02:01:55.120 because they watch marvel movies right and when they imagine a multiverse or they have to picture

02:02:01.880 it or represent it in the film it's probably a bunch of bubbles like each bubbles universe and

02:02:07.680 they're connected with lines that's because we we know what a matrix is and we've been raised on

02:02:14.680 matrix and that sort of systems thinking would be completely alien to someone from 100 years ago

02:02:18.880 probably but we get it right but even that pictorial representation of the multiverse

02:02:24.840 is very rudimentary and even though like we conceptually grasp the idea of a multiverse

02:02:32.600 i'm like we can't even begin to draw what that looks like i i still think we struggle like if

02:02:38.680 you think you understand what a multiverse is or non-linear time is you don't like we're talking

02:02:44.880 about before like if you if you're a science fiction guy and you think wow there's like

02:02:50.580 infinite aluminum in the asteroid belt what if we just that'd be like having a civilization cheat

02:02:56.260 we could just that means you haven't thought about any of this like it's so mind-bendingly

02:03:01.940 complex the idea of just hurtling an asteroid towards her or the idea of like non-linear time

02:03:07.460 in a multiverse theory like we we lack the tools to represent that but but we're starting to get

02:03:14.820 there like we're starting and that's why i always say we haven't really had a true 21st century

02:03:22.000 ideology but i see it starting i can just feel it something at the level of the industrial

02:03:28.520 revolution the information revolution is kind of like that but i'm like there's there's no real

02:03:32.740 ideology or way of thinking that can truly grasp the ideas we're all playing around with which is

02:03:39.000 multiverses and non-linear time and fucking interdimensional beings that everyone thinks

02:03:43.340 surreal but what does that mean politically and like ufos are in the news like this all means

02:03:49.060 something but we lack the tools to do anything with it but it's relevant and that's sort of

02:03:55.240 the process i think he was describing here like we're evolving you know involving your idea of

02:04:01.680 god like our our idea of god right now is also kind of changing and it's getting more and more

02:04:06.500 complex i think but it's also becoming more rationalistic and we are getting further and

02:04:13.300 further away from it and i actually don't know if that means that there's there's an end point or a

02:04:18.180 uh wall we cannot back further past like we just keep receding further and further and further from

02:04:25.140 this supernatural realm while seeing deeper into it like does anything i'm saying make any sense

02:04:30.820 i'm getting really weird here i mean look it's large man but i do understand kind of what you're

02:04:36.660 getting at the the feeling that i have had had already and continue to have is that we're going

02:04:42.260 in the wrong direction that whatever has brought us here if we want to solve this problem we should

02:04:47.300 probably not continue with it not that we need to go back necessarily but we need a different approach

02:04:52.340 because yeah the the this this anyway yeah we're getting to the end here so i'm just going to read

02:04:58.580 read a couple more things to sort of build on that point i just made he said but there is a

02:05:02.720 political as well as intellectual emancipation the god who is no longer present in nature also

02:05:09.020 stops revealing himself in the hierarchies organized in the collective bond the absolute

02:05:14.080 separation that constitutes the deity as the world's absolute subject dissolves any superior

02:05:19.840 will imposed on humans abolishes any mediating power and cancels any explicit direct dependence

02:05:26.940 on the beyond the sovereign now ceases to be the living incarnation of the bond between heaven and

02:05:33.120 earth the personified union of the visible order and the invisible foundation which is what the

02:05:38.580 sovereign had been from time immemorial he may plead his divine right but the role has changed

02:05:44.480 despite the apparent terminological continuity he no longer makes the visible carnally present

02:05:50.080 but symbolizes his absence which what he's saying there is that the the emperor the king used to be

02:05:56.860 more divinely embodied and over time you know the emperor we might say ritualistically that he has

02:06:05.720 the mandate of heaven but no one really believes it and no one really and his role isn't even

02:06:11.800 he understands his role isn't just to embody the supernatural in the real world it's just the sort

02:06:18.380 of ritual that we do to commemorate that we once had that belief but but his role as emperor king

02:06:25.460 has changed to something 100 political and then kind of offloading that to the priest class but

02:06:31.880 then even the priest class becomes less intertwined with the divine and just purely a political

02:06:37.880 mechanism as well just like we are not here to commune with the supernatural we are here to

02:06:46.060 defend the church the church as a representation of the supernatural but more as just this

02:06:50.780 embodiment it's just a fort we're defending now which arguably is is right what a lot of people

02:06:57.200 look at the catholic church as right now like it's just it's a fort we must defend

02:07:01.200 i i even recall as a kid so much protestant teaching that really gelled with me and the

02:07:09.080 way that it was being taught and the way that i was being raised was like hey here's what god says

02:07:14.340 here's what the bible says and here's why rationally it makes sense here's the rational

02:07:19.360 you know did you know that the jews don't eat pork this was actually because there's pathogens

02:07:24.020 and pigs tend to stay in the stye and this is actually blah blah blah like don't explain the 0.98

02:07:28.540 health concept to me the point is when god says a thing you fucking do it because it's god right 0.98

02:07:34.960 but when we get to this point where like you're you are like you have to i mean in protestants 0.53

02:07:39.700 you have to add in the science and the rationality and everything and you get separated from that

02:07:45.280 And I think the reason they do that is because there's no other way for people to take it up unless it is in the context of the world.

02:07:56.300 and that's when i was on the podcast recently the foundational principle with my good friend

02:08:02.460 dark enlightenment um and and his friend as well they were talking about catholicism and they were

02:08:08.920 raised within the church and i wasn't and i had said that for me and i think a lot of people

02:08:14.040 we approach it rationalistically because that's how i was raised i wasn't raised

02:08:18.320 atheistically but i wasn't raised religiously at all i was completely ignorant of it i didn't know

02:08:24.140 what any of this stuff was and so when i was getting a new later i i needed it to be rational

02:08:31.900 like i needed to read a lot about it i needed to explain in a certain way whereas someone like my

02:08:37.540 wife does not and many others don't not like their their relationship with faith is way different but

02:08:42.140 for me it's like i need to read a lot of theologians i need to understand the why i need to have this

02:08:48.500 explained in like a really complicated way for me to like get my mind around it but why do i need

02:08:54.480 to do that that's maybe that's the wrong way of doing it but i would argue that more people

02:08:59.600 engage with it that way because that's just the context of our times you know it is arguable that

02:09:06.500 true faith like what was experienced centuries ago is impossible and you know i just to make a

02:09:13.020 pretty controversial claim that's what i see with a lot of paganism it's like how many of you

02:09:20.140 actually and i mean like really how many of you actually believe in zeus versus you're seeing

02:09:28.520 this as an expedient political reaction to christianity you think this is cool i think

02:09:35.580 you want to believe this more than you do and furthermore i think a lot of eastern orthodox

02:09:41.240 and Catholics want to believe in maybe more than they do and it's just the desire to believe is

02:09:47.100 the magic there but maybe that's as close as we can get anymore however even with paganism

02:09:52.520 I would say that maybe it's less about faith and more about philosophy plus politics like it's just

02:10:01.600 Nietzscheanism with a kind of a spirituality layered over top and with sort of an appreciation

02:10:08.620 of your bloodline and focus like i get i get the reason behind i get what makes it attractive but

02:10:13.300 you know it it really is something other than spirituality truly but maybe everything is 0.98

02:10:21.360 that's the problem even spirituality has to be apprehended with these other fucking tools 0.90

02:10:27.340 that kind of destroy it the more you use to dissect it and i don't know like it's some people 0.94

02:10:33.220 might say it's a pessimistic book but i i think there's there's truth in it there is truth that

02:10:40.760 this is where we are and if you're aware of where you are you can figure out where to go from there

02:10:45.800 um and i know we're kind of getting to the end here maybe we're not going to get anywhere close

02:10:50.540 to everything i wanted to say about this book i'm sure i'm going to incorporate into two later

02:10:56.720 episodes but i think i really got the central premise of the book which is explaining and i'll

02:11:02.600 just say this right here he says moreover in this and other matters the christian faith only

02:11:07.420 represented the cutting edge of a much broader movement for the moment the alliance of the

02:11:12.820 visible order and the invisible roots began to break down for the moment we get we began

02:11:18.060 postulating the existence of a unique principle secretly controlling all of life there was an

02:11:23.980 internal separation corresponding to the fracture in being the hiatus between appearances and reality

02:11:30.900 resulted in the emergence of an ethics of withdrawal and mobilization giving us access

02:11:36.420 within the self to the true good concealed by human intercourse the christian imperative to

02:11:42.140 convert instigated by the revelation of the creator's interest in his creatures was simply

02:11:47.460 an extreme version of this from now on an inner being existed alongside or rather beneath the

02:11:54.980 social being an inner being ultimately completely independent of god sovereign power stopped being

02:12:01.980 a mediatory living realization of its instituting invisible amongst the visible creations as a

02:12:09.400 result it ceased to function as the keystone of a truly hierarchical order sovereign power

02:12:14.200 withdrew from its previous role of embodying the need for submission to the outside it was

02:12:19.440 entrusted with a new one guaranteeing the human sphere's ultimate self-sufficiency and autonomy

02:12:25.440 and that's probably a good place to end as any and really just that really drives it home the

02:12:31.800 internal break the internal fragmentation not only the political idea of individuality but the

02:12:39.140 internal concept of individuality saying i am separate from the rest nature what power does

02:12:44.980 that give me as an individual even within a collective even if it's not a marxist understanding

02:12:51.740 of the individual or it's not a revolutionary's idea of the individual but it is a different

02:12:59.240 approximation of where you stand in relation to nature whereas before you were completely

02:13:03.860 interwoven with everything now you stand apart and it was that separation that just maybe kept

02:13:10.260 exponentially expanding until now here we are completely separated and the only thing we can

02:13:15.320 think of is to accelerate that separation and so we'll end there uh any closing thoughts on that

02:13:22.360 i threw a lot at you there i hope that made sense no man that was a good one so i'll let you go now

02:13:27.400 it's been going pretty late thank you again for joining us and i'll talk to you later

02:13:31.900 hey baby i hear the blues are calling top salads and scrambled eggs

02:13:38.920 all right here we are apologies for the delay everybody there was just some slight

02:13:53.180 technical issues um i'm not going to say who it was let's just say it was somebody's um thank you

02:14:01.020 everyone for joining us today i'm here with two very very fascinating individuals and i'm going

02:14:07.680 to explain who they are right now we got tom luongo check on the bottom here tom luongo check

02:14:12.520 out tom luongo.me to access his blog posts access all of his his podcasts and everything

02:14:20.940 um and stormy waters at normandodd underscore new this is these two guys are guys to check you

02:14:29.900 can check them out on many social media platforms also uh you may notice that peruvian bull is not 0.90

02:14:35.720 here unfortunately he had to pull out last second he's on a fucking plane to parts unknown we're 0.76

02:14:42.460 going to get him back at some point in the future for another panel because there's no shortage of 0.92

02:14:47.720 you know financial topics that we would like him to weigh in on but i tell you what i'm good with

02:14:53.020 who i got today we're going to have a rip-roaring good time and it's a very very exciting topic

02:14:57.860 so uh tom and stormy thank you so much for taking the time today thanks appreciate the invite

02:15:05.340 it should be fun happy to be here as always dimes all right so i guess we'll talk just jump right

02:15:13.200 into it and we discussed this topic uh the city of london and also the bank of england and very

02:15:21.260 broadly what i'm terming the financial war going on the bank between the bank of england and america

02:15:27.400 and i think what we need to do is just set up what it is we're talking about and i was wondering

02:15:33.600 maybe a throw to tom or stormy feel free to jump in however you want it ain't a debate we're just

02:15:39.760 a bunch of guys talking um can you give us a rundown on the city of london what is there to

02:15:47.340 know about this sort of corporate financial entity how is it different than england proper

02:15:54.360 and what can we say about the city of london well i can jump into kind of how it started what it was

02:16:00.680 supposed to be and how it's kind of taken over the governing processes, so to speak,

02:16:09.080 in the UK. So it's a relic of the Bank of England is really kind of irrelevant up until

02:16:17.100 the creation of the offshore dollar market. I mean, outside of its role in World War I,

02:16:22.700 but that was more of a policy thing. It was originally supposed to be a privilege given

02:16:30.900 to the Bank of England, and ended up through, what I mean by privilege, I mean the ability

02:16:37.420 to lend in dollars. So a bombed out shithole is about as good of a place as you can ask for if

02:16:47.620 you are a communist revolutionary. So after World War II, Europe was now, you know, butting right up

02:16:56.100 against the communist Soviet Union and was in fact a bombed out shithole. This is a problem.

02:17:04.820 So rather than give a bunch of gold or just send money over there in pallets like we did in

02:17:12.000 Afghanistan or whatever we which credit where credit is due if it wasn't maliciously used

02:17:18.900 afterwards it was a brilliant move as I'm sure Tom would agree we're the only nation in history

02:17:24.180 that went to war on a scale that no other human civilization in all of history has ever gone to

02:17:29.820 war and we are the only country that has gone to war at any scale that didn't get inflation and

02:17:36.900 economic destruction afterwards. We in fact got a, you know, period of economic prosperity. So it

02:17:43.000 was clever, but it got hijacked. This privilege, the ability to lend in dollars, was supposed to

02:17:52.560 go to the Bank of England, like I said, but through some rather shady shit, it somehow ended up 0.80

02:17:59.060 a privilege of Midlands Trust Bank. We can go into who owns Midlands Trust Bank,

02:18:07.180 but what's more interesting is with this privilege, which Tom could explain why the

02:18:11.900 privilege would allow Midlands Trust Bank to do what they did. By the end of the 60s,

02:18:20.300 Midlands Trust Bank had stitched up in some way or form, whether it be through bonds or whether

02:18:27.160 it be through options on equities or whatever, but through various means and various shell

02:18:34.820 companies, they pretty much stitched up every bank in England. And by the end of the 70s,

02:18:41.080 most of the banks on the European continent were in some way, shape or form, whether majority or

02:18:47.120 minority owned by the same folks that owned Midlands Trust Bank. And it was only in the 70s

02:18:53.380 when this system that was a life raft, a rope that we threw to the Europeans post-World War II

02:19:02.540 was fashioned into a noose and immediately tried to be thrown around our neck as soon as we weren't

02:19:11.700 paying attention. So libertarians, you don't have a gold standard, not because Richard Nixon is a

02:19:17.360 mean bad guy it's that the dollars were redeemable in gold and we forgot about a money printer that

02:19:25.000 we may have left in europe on accident and they printed a bunch of them and they tried to redeem 0.98

02:19:31.140 them all at once which is why you don't have a gold standard anyways this fucking monstrosity 0.85

02:19:36.120 has now ballooned to what is it now tom like eight times the size of the domestic dollar market 0.97

02:19:43.240 Yeah, the offshore dollar market, it's enormous.

02:19:47.280 Yep.

02:19:47.760 We have a question here from Felix Fairmont.

02:19:50.020 I'm sure this is a question you get quite often.

02:19:53.420 Where's the gold, is what he asks.

02:19:58.000 Tom?

02:19:58.960 I'll be honest with you.

02:19:59.980 I think it's exactly where we say it is.

02:20:01.480 I think it's in Fort Knox and under the Marinara Gold Building.

02:20:04.760 But the Bank of England doesn't seem to have any gold.

02:20:07.760 But, you know, I mean, they sold it all at Brown.

02:20:10.000 they sold what's left that they had at the bottom at brown's bottom at 244 an ounce right um i i

02:20:16.800 firm i firmly believe that all the all the gold's still here i i i agree with tom and i actually

02:20:22.000 think it's more than what we're saying yeah i i think you're i think stormy i'm glad to say that

02:20:27.440 because you know brent johnson has been um getting a lot of from a lot of people about saying exact

02:20:34.240 thing and i'm like why wouldn't there be more gold there than we thought there was moreover

02:20:38.640 we're custodian a lot of people

02:20:40.500 a lot of other people's gold as well

02:20:42.100 right and you know

02:20:43.860 where did Saddam Hussein's gold go?

02:20:46.780 what's that?

02:20:47.660 where did Saddam Hussein's gold go?

02:20:50.100 I believe it was the largest gold holdings

02:20:52.380 in that side of the Middle East

02:20:54.540 and where did Gaddafi's gold go?

02:20:57.480 that other mega large gold holdings

02:20:59.560 where did Ukraine's gold go?

02:21:00.280 when Yanukovych was overthrown

02:21:01.980 all the gold was airlifted out

02:21:04.260 within like 12 hours

02:21:05.940 really? I did not know that

02:21:08.280 oh yeah that yeah that i mean i actually made zero hedge i saw i heard about it and i heard

02:21:14.080 about it from a couple other places as well but yeah whatever whatever gold ukraine had

02:21:18.580 got airlifted out and then apparently i heard something recently and i've done and again salt

02:21:24.040 all this to taste i don't know how true this is or not but that whole the gold turned out

02:21:27.500 tungsten um but you know that's very russian yeah it was

02:21:33.920 so just to clarify the rumor is the other question is where's tom cigars right here

02:21:41.540 it was just in the ashtray while i was speaking i think felix probably asked that because the

02:21:46.340 conspiracy or rumor is that we would open up fort knox and there would be no gold

02:21:50.820 and i suppose it would be distributed throughout the world where do you think that that belief

02:21:55.600 comes from? I would say that it comes from the belief and the mistaken belief that we've been,

02:22:03.440 and I would say mistaken, that we leased out the gold, right? In order to suppress the price of

02:22:09.620 gold over the course of time, because you're trying to undergird a dollar financial system

02:22:17.120 that is growing by leaps and bounds, but trying to keep the validity of the dollar as strong as

02:22:25.180 possible by suppressing the price of gold. It's a very basic incentive-based argument that if

02:22:30.420 the United States wants to print unlimited amounts of money to use to build an empire around the

02:22:37.340 world, we have to suppress the price of gold. And you do so through the LBMA, over-the-counter

02:22:43.200 derivatives trading, through the COMEX futures trading, and all the rest of it. And that

02:22:48.360 argument is a powerful one. And it probably was even true, at least at some point. It's not true

02:22:54.800 anymore but that's something we'll get into later so stormy you can you can fill in probably right

02:22:59.840 around the same time um that all of the see jp morgan chase is a very interesting person

02:23:06.940 so is a very interesting organization to watch um yes what like tom came so i came to my

02:23:14.880 understanding of the political uh topology of the united states of america from a different

02:23:23.480 way that Tom did, but he and I arrived at the same solution. And then I started paying attention

02:23:29.240 to Alex Cranor. I'm like, oh, wait, he got to the same conclusion I did and Tom did, but his

02:23:35.340 methodology of arriving there was entirely different. And then I came across Martin

02:23:39.540 Armstrong's, which was, again, the same conclusion, but slightly different methodology. I'm like,

02:23:45.920 okay, this from, you know, the, from a scientific perspective,

02:23:49.980 this is very promising, you know, and then, okay, well,

02:23:54.140 let's see if it's predictive.

02:23:56.160 Oh, it turns out to be predictive too.

02:23:58.860 It turns out to be pretty damn predictive, to be honest.

02:24:01.800 If you could give a couple of predictive examples.

02:24:04.880 I know Stormy, I watch you, you're always calling things on X.

02:24:09.180 We'll get to a couple of those later on,

02:24:10.480 but can you think of any at the top of your head that might've helped you

02:24:13.060 predict something?

02:24:13.660 Okay, so, well, my favorite one is the, well, actually, let's just go through some of the

02:24:26.760 recent ones, some of the recent predictions that have been true that aren't just entirely

02:24:33.500 political.

02:24:34.500 Because one thing that's, I mean, one thing that's very hard for people to get their head

02:24:38.600 around is economics is politics.

02:24:41.240 and not just like economics but finance finance is politics so if you watch finance if you watch

02:24:49.380 the capital markets and with a discerning eye you will get a better understanding of what is

02:24:55.300 actually happening in the halls of power than you will anywhere else so recently um i've been

02:25:05.100 screaming that the European Union is not long for this world. An opinion that's not a prediction

02:25:12.880 because I put a bunch of money on it. So that means I have skin in the game in this prediction.

02:25:18.400 But that the Great Reset was actually just a giant cover story for sovereign debt default.

02:25:26.000 Yes.

02:25:26.140 Um, and actually, in fact, you, the, um, the, the, I talked to a, a, um, an epidemiologist

02:25:33.340 friend of mine once, and we went really deep into how PCR actually works and cycles and

02:25:39.680 all this other stuff.

02:25:40.780 And then he's like, I don't understand like why all of a sudden they're saying like cases

02:25:44.540 are popping, like jumping out and like, oh, we've got a wave coming up.

02:25:48.120 And then it dawned on me. 0.99

02:25:49.280 I was like, motherfucker, do you know what happens if you have to print a lot of money 0.99

02:25:55.320 really rapidly, you get inflation, rapid inflation. The only way you don't get inflation 0.99

02:26:00.920 is if you cool the economy, you put it into stasis, you lock it down. And then I went and

02:26:09.340 backtracked and I was like, oh, okay. So inflation indicators seem to be the best lockdown indicators

02:26:16.860 and not fucking COVID cases. So whenever inflation started going up, you would watch all of a sudden

02:26:23.060 the the amount of covid cases start shooting up through the roof like oh no we got to lock back

02:26:28.100 down but um but the most recent prediction uh and my favorite because i think it's the biggest is

02:26:38.020 is the european union i believe the day after yesterday ed uh came out in in a public statement

02:26:45.140 saying that they are rolling ahead with the digital euro which is a nice way of saying

02:26:53.300 capital controls and capital controls are what you do if you're about to have a mega sovereign

02:26:59.540 debt default because as a point tom has made many times um where does the money go

02:27:08.340 yeah i'm looking at that right now i've got the the european central bank pulled up here and i

02:27:12.500 I know a lot of people talking recently, I saw even Whitney Webb speaking on this is a strategy for more government control, more government oversight.

02:27:21.560 And I was wondering, since it's such a breaking topic, if you had any other takes on this move they're making.

02:27:29.160 Yeah, let me jump in here real quick.

02:27:31.240 And I was just speaking to this this morning to my patrons for my Sunday market report.

02:27:35.900 You can see all the bits and pieces that they're putting together to manufacture consent around what's going to come next.

02:27:45.660 Trump's saying, look, I'm not going to do what you want me to do.

02:27:48.380 I'm not going to go to war on your behalf in Ukraine.

02:27:50.420 I'm not doing any of this.

02:27:52.160 They have turned on a dime, and they've now turned the United States into an enemy.

02:27:55.160 We now have the Financial Times running a headline the other day.

02:27:59.140 We now have to consider that the United States is the enemy of Europe.

02:28:01.720 like and it's then now that talking point it's like europe's version of emily's list is all over

02:28:06.360 the place right um they're they're they're getting set up to um they need to take us to war as a

02:28:13.080 cover story for their default um martin armstrong has been banging the shoe on the table i cruise

02:28:19.400 up about this for years i learned it from martin and then i'm just gonna i i'll be honest with you

02:28:24.280 i learned a lot about martin early on i resisted it for years going back you know to the back in

02:28:30.360 like 2008 through 2013 when i was you know 2012 when i was really just a gold bug as he would

02:28:37.000 like just as he would dismiss and he does all the time it's funny and then one day it finally hit me

02:28:43.340 like no the dollar is not going anywhere the euro is what's going to go somewhere and the problem

02:28:48.940 with so much of of this is that they need to consolidate the debt under one rubric which in

02:28:57.000 this case would be the ECB. How do you do that without getting all the member central banks to

02:29:02.980 give up their sovereignty? How do you do that without the governments giving up their sovereignty?

02:29:06.380 Well, the government's already given up their sovereignty. They take all of their cues from

02:29:11.180 the European Union. But until you give the European Commission tax and spend authority

02:29:16.600 and debt issuance authority, and then of course, debt issuance authority, how are you going to

02:29:22.180 create this quote unquote fiscal integration? Well, you need to scare the crap out of people.

02:29:26.520 You need to go review, you know, the setup in the movie version of V for Vendetta, which they lay it out explicitly how you do it.

02:29:35.520 You create a massive amount of fear.

02:29:37.340 You create famine and privation.

02:29:40.420 You create a problem.

02:29:42.040 And then you offer the solution when everybody is starving and gasping for air.

02:29:46.260 That's what they're setting up.

02:29:47.620 So from what I can see right now, we're getting really close to the moment where they have to go all in on some kind of false flag in order to justify what comes next.

02:30:03.420 Rolling out the digital euro has always been on the Gantt chart at the European Union for some October.

02:30:11.580 Ligard talked about it in October 2023, then October 2024, then October 2025.

02:30:18.100 That's where we are this year.

02:30:20.740 Now that they have a kind of certainty about the American political situation,

02:30:27.100 which is that they've lost, now they have to go.

02:30:32.320 They can't put it off into the future anymore.

02:30:34.800 So Agenda 2050 turned into Agenda 2030, which is now Agenda 2025.

02:30:38.860 thought so it was really the timetables of those agenda were how long they were thinking that they

02:30:45.960 were going to be able to run this out so let's put this way like this uh the eventual default

02:30:51.200 is mathematic that's what it's not like the they have the this has caught these people off guard

02:30:59.120 it's been something they've been planning for for some time what they didn't expect is the u.s

02:31:05.520 bucking which is why i think it's been accelerated as much as it has and your observation about what

02:31:11.980 happened in july of what was it 2019 and lagarde and powell that no that was june it was june 2021

02:31:21.480 2021 sorry yeah there was post with the uh the with the climate bonds right

02:31:27.320 yeah oh yeah well we started with the climate it wasn't just the climate bonds but it started with

02:31:34.080 um with with powell stating at the green sea summit on i think it's june 4th 2021 that week

02:31:43.640 he said um i'm not a guard was up there stating everybody that they were going to make the world

02:31:51.940 safe for climate change and that we all had to um coordinate monetary policy for climate change

02:31:57.860 and powell stood up and went and they all i guess we're all individuals and powell stood up when i'm

02:32:02.680 not i have a dual mandate full employment and stable prices and lagarde shot him daggers

02:32:09.540 because she thought they know she thought at that point that they had won because covid forced

02:32:17.880 powell that they had forced powell back to the zero bound and then he was never getting out of

02:32:22.240 the zero bound and he was like yeah i am and then explain a little bit about what that is and then

02:32:27.900 two weeks later he raised the reverse repo payout rate five basis points above the fed funds rate

02:32:32.660 which then over the course of three months drained $2 trillion from the Eurodollar money.

02:32:36.800 Explain real quick about how we got to the point where,

02:32:42.240 let's say like August 2019, reverse repo crisis, how that came about.

02:32:45.740 I think that will help fill in a lot of gaps.

02:32:48.620 Yeah, so my theory in backfilling what happened, right?

02:32:52.920 So I was going along with events like everybody else in September 2019 when we had the repo crisis.

02:32:58.780 Now, the backstory to the repo crisis comes down to something very simple that no one wants to talk about.

02:33:03.780 But Martin Armstrong talked about a lot and he talked about it a lot in his private blog, which I've been a subscriber to Martin's service for a decade.

02:33:13.280 And I don't necessarily, you know, I find Socrates interesting just for everybody's edification.

02:33:18.640 I find it interesting, but I don't, you know, I don't I don't hang my hat on it.

02:33:23.440 What I hang my hat on is when Marty's talking, when Marty is letting everybody know what his extensive network of contacts around the world, especially in London, are telling him and in Hong Kong and in a couple other places with Martin's own business all the way around the world.

02:33:39.020 And it was at that point that I realized that I put all these little pieces that Marty had been throwing out at us together, which is that the American banks, starting with J.P. Morgan, by the way, in early 2019, began not accepting European sovereign debt at par as repo collateral.

02:34:05.680 right and so you know when when you know they needed dollars and they had you know german

02:34:12.980 buns and hey um you know the commerce bank calls up jp morgan and says look man i need you know

02:34:19.060 500 million dollars i've got i've got these german buns would you take those so you can give me some

02:34:23.220 dollars at a seven-day repo and they're like uh yeah i'll give you 350 i ain't giving you 500

02:34:29.880 million like well no but you've got to give me like you know like wouldn't do it and i remember 0.96

02:34:36.120 and i could never find it because zero heads really honestly dude daniel get your shit together 0.81

02:34:41.720 and give us a damn halfway reasonable search function so we can go back through the archives 0.96

02:34:45.720 it's terrible i know it's fucking terrible six or seven articles over the course of early 2019 after 0.94

02:34:54.360 powell was forced to cut rate powell and draghi together cut rates in january that we were talking 0.92

02:35:00.520 he kept they kept saying why is jp morgan trying to create a repo crisis in the united states they

02:35:05.800 must have written if they wrote one article about this they wrote six over the course of that year

02:35:10.680 and then it shows up in the sofa blowout in september which is the nominally the repo crisis

02:35:16.520 where you know the demand for dollars got so acute that sofa blew out to 10 or 11 because at that

02:35:23.000 point it was in the liquid market because sofa had was still in pilot phase at that point the

02:35:27.720 secured overnight financing rate so when that happened i didn't really understand any of this

02:35:34.200 i'm now telling i'm now backfilling what i observe with my knowledge i've come to come to since then

02:35:41.560 so but what i said then was this i said look this just feels like september 2007 when the repo

02:35:49.000 market seized up because of the because of the housing market you know alt a and subprime and

02:35:53.960 all that was eventually going to blow up and the fed stepped in stabilized the markets and you know

02:35:59.640 everybody you know all the rational actors within the the financial alternative financial community

02:36:06.280 were all saying the same thing well the fed steps in here but if they don't fix this problem

02:36:12.120 and they just paper it over they've got about a six month halo effect until this you know this

02:36:18.680 good news that the fed was willing to step in

02:36:23.080 will be over and then we're going to have another crisis a la 2000 september 2007 repo crisis

02:36:29.240 march of 2008 bear stearns vaporizes right commodity markets move against bear stearns

02:36:34.680 bear stearns is vaporized the problem wasn't fixed bob's your uncle financial beginnings

02:36:39.320 of a financial crisis peak in gold then collapse massive dollar bull wave because everybody goes to

02:36:45.320 the cash. What did they do between September 2019 and March of 2020? They gave us COVID

02:36:54.480 as the excuse and the cover story, because they knew that there was going to be a bidless market

02:36:59.740 in the treasury market, or they fomented it on purpose. This is what I think happened in order

02:37:07.420 to force Powell back to the zero bound and force him onto QE and force him to destroy the fiscal

02:37:14.900 and monetary position of the United States. 1.00

02:37:17.460 And Trump signed off as an idiot, 1.00

02:37:20.560 signed off on the CARES Act 1.00

02:37:21.660 when Powell told him explicitly not to do so.

02:37:26.580 But the problem is, as Marty pointed out at the time,

02:37:29.760 the U.S. Treasury market went bidless.

02:37:32.180 They woke up on March 4th, Monday morning, March 4th.

02:37:35.100 The price of oil had halved over the weekend.

02:37:37.840 They used the approximate cause of Putin saying no

02:37:40.660 to OPEC plus production cuts.

02:37:44.640 And we went to bed on Friday night

02:37:46.780 and oil was trading at around $80 a barrel.

02:37:50.360 We woke up on Monday morning

02:37:51.520 and it was trading at $40.

02:37:52.880 The U.S. Treasury market went bidless

02:37:54.520 and the Fed will always step in

02:37:56.120 when the U.S. Treasury market seizes up.

02:37:57.800 Always.

02:37:58.380 And they know this without a doubt. 0.97

02:38:00.920 They don't give a fuck about the stock market, guys. 0.98

02:38:03.040 They care only about the bond market. 0.98

02:38:05.180 The Fed caring about the stock market 1.00

02:38:09.580 is a fucking british psyop yep just stop all the bullshit that's what it is and i what it 1.00

02:38:17.920 fucking pisses me off is that the libertarians and the zero hedge set love to write headlines 1.00

02:38:24.240 because they want to be perma bears because they while they understand the plumbing they refuse to 0.99

02:38:30.360 accept that this is the way the world actually works so if you could drill into that just a

02:38:35.420 little bit the the english psyop being that the fed cares about stocks could you explain that

02:38:39.800 just a little bit for people who might not be familiar with that argument it's this whole idea

02:38:43.580 of they're just going back to the whole wealth effect thing you know and the president's you

02:38:48.740 know working group on financial markets known as the funds protection team and blah blah blah

02:38:51.920 that maybe under greenspan and certainly under that feckless douchebag bernanke they cared about

02:38:58.660 the stock market but powell has never cared about the stock market because powell understood that

02:39:03.640 in order to get us off the zero bounce,

02:39:05.660 something would have to be heard.

02:39:08.140 And, you know, that's just the way it is.

02:39:09.860 We never did QQE like the Japanese

02:39:12.240 where the Fed bought both stocks and bonds.

02:39:16.300 They just did QE where they just bought bonds.

02:39:18.800 So at some point when they were going to start

02:39:20.620 disgorging the bonds and start raising

02:39:23.840 the long end of the yield curve,

02:39:25.220 stocks were going to get hit.

02:39:26.080 Just simple, everyday, boring, old, you know,

02:39:29.860 I prefer the safety of some form of yield

02:39:33.200 over the uncertainty of an overvalued market trading at 36 times earnings, right?

02:39:39.020 Not hard, folks.

02:39:40.220 This is just basic every day.

02:39:42.480 You know, this is what financial guys do.

02:39:45.240 This is what money managers do, right?

02:39:47.280 It's not anything hard.

02:39:48.820 And just for size comparison, guys, which makes Tom's argument much, you know,

02:39:55.260 even more cogent than it already is, is the bond market.

02:39:58.500 Everybody thinks the stock market, like, oh, Wall Street, the stock market.

02:40:01.900 the stock market is a fraction of the size of the bond market yes a small fraction like we're

02:40:11.060 talking like one tenth yes the trade and by the way the treasury markets are a small part small

02:40:20.840 piece of the forex market the forex markets are enormous and they're all levered 100 and 200 to

02:40:28.660 one because they have or a thousand to one because that's how you speculate on currencies okay that's

02:40:34.480 how you that's how the the everybody's trying to hedge and lay off their currency risk and this

02:40:39.340 again this is not something i wasn't born with this knowledge i literally over the last five 0.80

02:40:43.100 years i've had to turn i've had to learn this shit in order to be able to talk about it four 0.96

02:40:47.160 years ago if you listen to me talk i sounded like an idiot today you know this is an evolution this 0.99

02:40:52.500 is time and trying to figure out how things happen not necessarily why things happen which 0.97

02:40:58.640 was a point that my friend Chris Sullivan made on my podcast the other day. And I'm still

02:41:01.780 wheeling about how elegant that phrase is. Don't sit around every day thinking about why did the

02:41:10.040 market move today? And then feed the bubble vision hype machine or the Reuters or Financial Times or

02:41:16.260 British fucking tabloid media hype machine. Ask yourself how markets could move like that. And 0.98

02:41:22.740 then ask yourself who could have pulled that off. And when you do that analysis and when you add,

02:41:28.200 And when you take that intellectual framework, all of a sudden, everything looks a whole lot more like war than it does just a random walk.

02:41:37.640 Now, I have one question here from Caravaggio.

02:41:41.160 Who's really running the financial shadow empire would love to have some names I could look into.

02:41:46.540 And maybe we were supposed to end on that, but I wanted to just throw that out there.

02:41:51.380 Does anyone have any answers to that?

02:41:53.260 Or is that too big of a question?

02:41:54.980 It's decentralized.

02:41:56.820 It's decentralized.

02:41:57.640 Tom and I are just saying London because that's really where the bond market is headquartered at, right?

02:42:04.540 They have multiple foreign states whose intelligence agencies they operate in.

02:42:11.220 They have several treaty organizations, NATO being one of them.

02:42:17.100 NATO's not your friend, by the way.

02:42:19.360 No, never has been.

02:42:20.920 Yeah, never has been.

02:42:22.020 So it's an international organization, a supranational organization, right?

02:42:27.120 so you can find out who like some of them are in a particular country but that's really going to be

02:42:34.140 about it it's not like there is no mustache twirling single guy there's a group of families

02:42:39.880 there's there's there's a central there's there's who controls the individual central banks i think

02:42:46.300 it's really i agree with you for me i just i didn't mean to jump in and start making another

02:42:50.940 jump in as much as you want that's really it's really important no what i meant is it's important

02:42:56.020 I'm just out of politeness that I agree with you.

02:42:59.860 There's some of them here.

02:43:01.800 Yeah.

02:43:01.900 So to Sean Whelan's point, the bond market is more liquid than the stock market because it is.

02:43:11.420 But when you start really understanding that they can use monetary policy to alter the value of each other's bonds,

02:43:20.580 which then, of course, has the downstream effect of altering the exchange rate of each other's currency,

02:43:26.020 then what you wind up when you wind up in this world where all the value that we perceive is fake

02:43:32.720 right and so and if everybody is engaging in levering up their central bank's balance sheets

02:43:40.720 which is what they were doing from 2008 to 2021 which i actually i think the dollar reserve

02:43:46.540 standard ended in 2008 we then were in the coordinated central bank era from up to 2021

02:43:53.140 and right now because they knew it was going to blow up well yeah they well they were trying no

02:43:59.960 stormy they were trying to blow it up yes yes they always wanted to move intentionally to where

02:44:09.100 they're going now to where dimes opened this conversation with the digital euro will be

02:44:13.720 rolled out on in october of this year that was but they don't want to stay here though

02:44:17.960 they don't want to stay here though i believe that they were moving to china

02:44:21.640 hmm well i think that was the original plan and i think the chinese have said you know what 0.96

02:44:27.620 fuck you it happened on ever grant yes yes and not only that it happened with archegos capital as 0.96

02:44:35.480 well yes yes when g said we will no longer be prioritizing foreign bondholders and george 1.00

02:44:43.300 soros runs to the new york times and the wall street journal which is funny for an atheist

02:44:49.480 jewish person i find it very funny that the the ad hominem he throws at xi jinping is uh is uh the

02:44:55.860 antichrist absolutely right this is the biggest george soros fellaciator in history along with

02:45:02.920 morgan stanley tom do you know who got killed in that very strange uh sailboat accident in italy

02:45:09.620 no i don't remember you remember like that weird spontaneous tornado that came out of nowhere

02:45:19.060 and only went after one particular boat

02:45:24.580 i remember this incident i do not cry the global chairman of morgan stanley they all of the all of

02:45:33.140 the news articles are about like the inventor guy that was on there uh british israeli intelligent

02:45:39.460 operative and his lawyer um who is all fucking tied in with the sdny also uh dual citizen

02:45:47.940 um there's a lot of citizenships here guys it's not just two um yep again it's it's multinational

02:45:55.400 but um the one that you had to dig and dig and dig and find was whose sailboat they were on

02:46:01.200 And who else was on it? And the more the the chairman of Morgan Stanley was the person that was on that boat that I had to dig and dig and dig to even find out was on there.

02:46:14.220 And that's a big fucking deal. That's way more important than some idiot investor guy 1.00

02:46:18.840 or some idiot lawyer. So yeah, there's a, I believe Morgan Stanley and BlackRock were the 1.00

02:46:27.720 primary people shoveling U S and European wealth. The European wealth I know had to go there because

02:46:35.800 I mean, if you're a European pension fund and you've been choking on negative interest rates,

02:46:41.080 Anybody that runs a pension fund will tell you that you need to make at least 8% to even

02:46:46.420 break even per annum, minimum, and then you stack that full of negative interest rate

02:46:51.960 sovereign debt because nobody wanted to buy negative interest rate debt, negative interest

02:46:57.320 rate bonds, or suicide bonds.

02:46:59.520 That's like, would you want a checking account that has a percentage, you know how they give

02:47:04.720 you pitiful interest rates on a savings account or a checking account?

02:47:07.980 what if it had a negative interest rate and the bank just took money from you every month

02:47:11.200 you'd be like um no no i don't want this no i mean that's a martin armstrong's point he kept

02:47:17.120 saying they go the move to negative interest rates killed the euro's chances of ever to

02:47:20.860 throw in the dollar he was completely correct about that and this to your point i think

02:47:25.120 ultimately what what stormy's gonna like we're both trying to say here is the following that 0.96

02:47:30.480 europe banked on being able to replicate their crony capitalist bullshit technocratic 0.91

02:47:39.440 control over china the same way they did it with the west meaning they bought control and they 0.96

02:47:48.160 they bought control through central banks and through zero bound rates and everything else

02:47:53.740 and then they used hot money flows into china to create a whole bunch of oligarchs

02:47:58.400 that then would have control of the political power

02:48:02.060 and that they would then subvert the Chinese political system

02:48:07.840 and then have control over the largest pile of educated people in the world,

02:48:13.220 relatively educated and industrious people in the world.

02:48:15.720 And that was the move.

02:48:17.180 Go from 300 million Americans and 500 million Europeans

02:48:21.380 to 1.5 billion Chinese and probably as well 1.5 billion Indians.

02:48:26.580 And then now we now we control the world. The problem is, is that China refused to ever open its capital account. And the onshore offshore yuan divide stayed that stayed that way. And if you want if you go back and you really review neoconservative arguments against against China, going back to John McCain and Mitt Romney and all the rest of them and calling them currency manipulators and all this rotten nonsense.

02:48:54.700 It was always about, well, in this case, Mr. Xi, tear down this capital wall.

02:49:01.340 We want open capital accounts for China.

02:49:04.340 And Xi said, no.

02:49:06.700 And at that point, China was always going to be ready to go, thank you for the trillions of dollars.

02:49:14.180 You are the lowest subordinate in the chain and in the payback chain.

02:49:20.040 And that was absolutely correct.

02:49:21.940 And your observation, Stormy, about Evergrande was stuff that I was saying literally at the time in real time.

02:49:28.080 But it was also the shot across the bow for Evergrande was Archegos Capital because it was the prime dealers that were most exposed to the blow up of Archegos Capital.

02:49:40.620 And I wrote an article called Archegos Bikini Atolls, basically, that these were all financial nuclear weapon lying in wait to blow up.

02:49:51.940 as a warning that if you try to blow up China's capital markets,

02:49:58.800 we're taking yours with you.

02:50:00.340 There you go.

02:50:01.260 We're taking you with us.

02:50:04.560 And all I said at the end of that article was,

02:50:07.260 if you think Archegos was one, why aren't there 20 others?

02:50:12.380 Because really, at the end of the day,

02:50:14.340 the guy who was in charge of Archegos was Bill Wang. 1.00

02:50:16.640 Bill Wang was a fucking convicted. 0.99

02:50:19.120 he was he's a convicted felon for christ's sake and yet he was able to raise unbelievable amounts 1.00

02:50:25.980 of capital from goldman and credit suisse and this one and that one everybody all and he and

02:50:32.060 he raised the same capital at the same pile of collateral with seven different people

02:50:35.660 and then blew it all up i don't remember all the details it's it's in the article um and that dimes

02:50:41.460 just pulled up on the screen for you but go read it and you get an idea of what of how deep these

02:50:48.920 things go and how yep and how the purpose is austerity just real quick back to the central

02:50:54.080 bank digital currency right it's austerity and to tom's point right this is how the plan was

02:51:01.360 supposed to work all right to stop if europe is going to blow up what they need is a suicide pact

02:51:08.320 everybody has to get together and say all right we're all going to shoot ourselves in the face

02:51:13.820 at the exact same time and this way the money can't run to any one particular country if we're 0.89

02:51:19.720 all fucking dead bingo all right that's what was supposed to happen and this is what tom

02:51:25.120 was talking about when he said the fed decided to jump ship um to tom's point the uh the structure 0.99

02:51:34.120 was supposed to be central bank digital currencies in every major economic zone and all of those

02:51:39.860 central bank digital currencies being subordinate to the IMF.

02:51:45.340 And this is not a hypothesis because for a long time, I referenced a document that BlackRock

02:51:52.260 decided to take down. And when I was on the Myth of the 20th Century podcast with those

02:51:58.880 great guys. Shout out to Adam. He and his pod are amazing. Adam is much smarter with computers than

02:52:06.400 me. And he was able to actually find the document archived in a very, very strange place. So Tom,

02:52:12.940 I'm going to send you after this stream, BlackRock's going direct reset plan. Right? So right

02:52:20.100 after they got access to the Fed window, which a private equity fund and pension fund manager

02:52:25.140 should have never have had thanks jimmy ellen right um they went in there immediately after

02:52:30.980 powell had to have that you know economic or sorry political gun put to his head all right

02:52:36.660 and print a whole bunch of money uh larry fink came to jackson hall and was like yeah this is

02:52:43.620 the plan we're going to do and how this currency was going to mint and inflate uh was basically

02:52:51.300 going to get rolled into the carbon credit market. If you, dear listeners, type into your search

02:52:57.140 engine of choice, billionaire buys forest, millionaire buys forest, you will be amazed

02:53:03.360 at the amount of search results you get because all of the billionaires were buying forest because

02:53:10.620 those were going to be the Bitcoin miners of the new central bank digital carbon currency. 0.97

02:53:14.820 what the fuck ever. I actually know a guy who runs a large PE fund that had a team of brokers 0.79

02:53:22.560 that specialized in nothing else but helping these retarded billionaires that have just bought

02:53:29.180 said forests monetize their carbon credits and get them onto the new best thing that was about

02:53:36.880 to happen. But the going direct reset plan literally highlights like, oh, well, we're

02:53:42.680 going to have constitutional issues here. We're going to have political issues here. And hypothetically,

02:53:48.240 if the Congress were to pass a law that said this, this, and this, it literally talks about how to

02:53:54.940 basically remove one third of the constitution to allow them to do this. And if you look at who the

02:54:02.060 authors are of this BlackRock policy proposal, they're all ex-ECB bankers or other ex-European 0.90

02:54:11.900 bankers this is like europe and the uk trying to they're basically doing the things that ugly girls 1.00

02:54:20.380 do at parties right they just go around and try and make the hot girls as miserable as they are 1.00

02:54:28.280 so they can all go home alone because the fat chick has to go home alone basically europe's 1.00

02:54:33.900 the fat chick and she needs to make sure that everybody else goes home alone just like she is 1.00

02:54:39.220 Yep. 1.00

02:54:40.700 I've just got the outgoing direct thing pulled up here, Stormy, if you haven't noticed.

02:54:44.400 I found a site that I think collects several of the names you were just referring to.

02:54:49.620 Yes, yes.

02:54:50.500 I have the PDF document with all their little charts and graphs and itemized constitutional issues.

02:54:58.200 So exactly what Tom is talking about, BlackRock was nice enough to provide us with some really nice physical documentation to make us sound less crazy.

02:55:07.640 So that's good.

02:55:08.320 Well, it's convenient of them to do that, isn't it?

02:55:12.400 It's funny how, you know, we all get called conspiracy theorists and everything else,

02:55:15.800 which is just another CIA term for truth teller.

02:55:19.220 And but, you know, they don't.

02:55:22.820 They write unreadable white papers that they assume nobody's ever read. 0.95

02:55:25.760 Because like all great thieves and narcissistic psychopaths, this is their version of Duper's delight. 0.96

02:55:36.080 They are they can't they're like the Riddler. 0.98

02:55:37.920 they can't help themselves they have to tell you what they're gonna do just so they can rub your 0.98

02:55:43.460 nose in it even more see i don't know about that they're that disgusting these people but that is

02:55:50.000 their pathology i agree with the disgusting part but if you have a decentralized network of 0.81

02:55:54.800 everybody that has to get on the same page and you all have this inborn um belief structure that the 0.99

02:56:02.620 masses are both illiterate and stupid right same reason why they never thought podcasting would 0.97

02:56:07.200 happen would happen or no one would want to watch a conversation more than 20 minutes long right 1.00

02:56:12.580 they really to tom's point they think the absolute worst of you so they figured yeah we'll just put

02:56:18.740 all of our policy papers up and on the internet so all of us can coordinate from all the other

02:56:22.900 people and you know regular people don't read right and then they found and then and then and

02:56:29.880 then the problem of course was that they found autism you're finding out slowly but surely that

02:56:34.200 they're yeah autism they induce autism in order to turn everybody into like in order to turn

02:56:39.760 everybody into logic uh obsessed purity spiraling um noradrenaline addicted momo monkeys and that

02:56:47.540 also created 4chan it also created the ability for people to dig in and go i found this that

02:56:55.120 means this that means this this means that uh oh and you know weaponized autism happen is in both

02:57:02.460 directions right it's both created the culture war and created um the uh the ozint alternative

02:57:11.180 finance whatever you want to call it i just want to interrupt very quickly because we have one

02:57:14.160 question and while we were talking about bond markets i think it's relevant here uh from gb

02:57:18.900 mac over on our rumble page aside from the last four years what does a collapsing bond market

02:57:24.320 look like rising away tom rapidly rising interest rates it looks like the it looks like credit

02:57:32.380 spreads between major sovereign debt issuers, meaning like the United States and, I don't

02:57:39.920 know, the UK or Germany or whomever, collapsing, changing rapidly.

02:57:46.180 Okay, the entire world and all the predictability that we all enjoy is all based on everybody

02:57:54.280 in the financial markets, the currency markets, the sovereign debt markets, being able to

02:57:58.520 lay off the currency risk so that they can have a globalized, we have globalized trade. So you can

02:58:03.140 like log in Amazon to get some cheap piece of shit from China or cheap great thing from China 1.00

02:58:08.940 delivered to you in two days. Okay. That system doesn't exist without everybody having the 1.00

02:58:16.260 ability to lay off risk and in ways that get ever more and more and more esoteric, the closer you

02:58:23.660 get to the zero bound where money is free and the risk of failure is consequence-like or

02:58:33.260 non-existent. Start raising interest rates and, of course, all the leverage within that system

02:58:39.060 starts to collapse. But the whole market at a superstructural level is based on all of these

02:58:47.580 thing staying in a particular range where everybody agrees so famously we had the plaza accord

02:58:53.700 right the year after we adopt the world adopted the libor for pricing euro dollars not and then

02:59:01.500 by extension not only euro dollars but domestic dollars right because then everybody every dead

02:59:07.380 instrument that denominated dollars around the world was quoted versus libor now this is why

02:59:14.760 once Powell started changing the Fed funds rate rapidly, the first thing Christine Lagarde had 0.99

02:59:22.620 to do was saying, no, no, no, no, we're going to maintain credit spreads. This is otherwise known 0.97

02:59:26.900 as yield curve control for the European Union. What she was doing was trying to stabilize

02:59:33.040 the exchange rates and the spreads between bond yields so that they stayed in a particular range.

02:59:40.220 Because as long as they were within a particular range, meaning the spread between U.S. and German debt was between negative 160 and negative 200 basis points, trillions of dollars worth of interest rate arbitrage worth of derivative contracts wouldn't blow up because most of them were, say, within that range.

03:00:04.080 I don't know what the numbers actually were. All I know is I watched Lagarde hold every, she would panic every time it got too high or too low and allow the spread to change and try and keep it in a particular range.

03:00:16.680 And she did so from starting in July of 2022, five months after Powell started raising interest rates, right in the middle of the period when he was raising 75 basis points at every meeting.

03:00:28.500 She, of course, had to do something about this. 0.83

03:00:32.080 Now, thankfully, for Lagarde, she had a fellow traveler quizzling, call it what she will, at Treasury called Janet Yellen, who is Mrs. Yield Curve Control. 1.00

03:00:46.360 That's all she did when she was at the Fed. 1.00

03:00:48.640 That's all she did when she was at the Fed, and she even did so when she was at Treasury.

03:00:52.060 and i think in order to assist lagarde in keeping the european sovereign debt markets from blowing

03:00:58.080 up as powell raised rates and forced everybody's rates to rise along with him it could only raise

03:01:03.800 to a certain level so now let's talk about where we are today because if we were doing this podcast

03:01:11.480 last week i would be like oh well that's interesting that this is happening right now

03:01:16.780 but I wouldn't have been, but I wouldn't be where I am right now. Why? Because in the last

03:01:22.640 10 days, I track every day, I track the US-German 10-year rate, and I've been doing so for three

03:01:31.640 and a half years. Why? Basic thesis. If there's going to be capital flight out of Europe, it's

03:01:39.780 going to show up in having the German market, the German bond market, sell off, or relatively

03:01:48.020 speaking, be bought less than the American market, which would then collapse the spread between

03:01:54.320 German debt, German bonds, and American debt. Simple thesis. Like, does that spread, in this

03:02:01.520 case, because German debt's trading below American debt in nominal yield, 2.8%, 4.125%,

03:02:07.860 as that spread tightens,

03:02:11.740 that's actually bad for Germany

03:02:13.080 because it's rising relative to American debt,

03:02:15.200 which would then blow up all the European banks.

03:02:17.920 So I said, as a leading indicator,

03:02:20.200 and I told my patrons this,

03:02:21.140 as a leading indicator,

03:02:22.060 I'm now going to start doing this

03:02:23.280 to see when is Lagarde going to lose control 1.00

03:02:26.280 of her bond market.

03:02:29.120 Well, that was the day after Zelensky

03:02:35.880 got thrown out of the White House.

03:02:38.520 The U.S.-German bond market,

03:02:40.400 the spread between the U.S. and German

03:02:43.380 two-year and 10-year,

03:02:44.440 I track both of them

03:02:45.280 because the whole world trades on a,

03:02:49.120 you know, lends money.

03:02:50.500 The traditional banking system

03:02:51.740 lends against the 2-10 spread.

03:02:53.680 So that's how we do it in the United States.

03:02:57.040 It's how they do it in Germany.

03:02:57.920 It's how they do it in the UK.

03:02:58.740 It's how they do it in everybody.

03:02:59.740 Banks will lend more, you know,

03:03:01.120 buy short and lend long.

03:03:02.820 And they do it against the 2-10 spread.

03:03:04.340 if so with that happening what happened three years worth of yield curve control on the part

03:03:12.100 of the guard was wiped out in a week the u.s german 10-year spread has moved 75 basis points

03:03:18.740 in a little over a week it moved 20 basis points the day i met martin armstrong last week when i

03:03:26.160 was on with capital cosm and i mentioned this very thing i said martin isn't this interesting

03:03:29.840 The German bond market is off 20 basis points this morning, and the U.S. bond market is flat.

03:03:35.340 And Martin smirked. He's like, oh, Tom actually gets it.

03:03:39.500 Someone else actually is like, I finally found someone who actually gets this shit in the world. 0.99

03:03:45.220 I'm like, yeah, it's right here. 0.97

03:03:47.400 And the proximate cause was given to Frederick Merz, the supposedly incoming German chancellor,

03:03:53.320 is going to blow through all the debt, the budgetary limits, and rearm Germany by spending a whole bunch of money.

03:03:59.840 bullshit capital's fleeing europe it has to move out of the bund market which is overvalued because

03:04:06.480 remember low yield equals high price so as the yield rises the price of the bond is falling 0.97

03:04:12.120 so now that's what's happening right now the german tenure is trading at 2.8 folks

03:04:18.000 lagarde defended two and a half percent on the german 10 10 year for three years

03:04:24.080 and she lost it in a week in what world does german bonds trade at the same rate as u.s bonds

03:04:33.980 in well because they are possibly they're the safe haven asset of europe for you in the pile

03:04:41.440 of european capital when europeans don't know what to do they run to germany yes the rest of

03:04:47.660 the world doesn't know what to do they run to the united states yes europeans hate americans

03:04:52.260 So let's just be real.

03:04:53.760 Well, at least you're in intelligentsia.

03:04:57.040 And I like to use that as a jumping off point.

03:04:59.280 I have a whole line of tweets that I'm going to read out and get your reactions on because I wanted to get into the euro dollar.

03:05:05.860 And now is probably as good a time as any.

03:05:07.480 And I've got a tweet here from Santiago Capital.

03:05:10.160 I don't know if you have any thoughts of them, but here's the claim.

03:05:12.900 That's Brent Johnson.

03:05:13.860 That's Brent Johnson.

03:05:14.800 Great guy.

03:05:15.640 Super, super, super smart guy.

03:05:18.000 Perfect.

03:05:18.280 He really is.

03:05:18.660 What many don't seem to realize is that the world is using a form of money, the euro dollar, that no one can control.

03:05:24.640 The U.S. has obvious influence, but it's still largely beyond their grasp.

03:05:28.500 The biggest issue is that this non-state currency has been loaned into existence in the tens, if not hundreds, of trillions, but is convertible to the domestic USD supply at par.

03:05:38.980 That's why the dollar rises when the music stops playing.

03:05:41.820 all that is why the dollar has not inflated away despite all the bailouts all the stimulus programs

03:05:47.740 the qb policies and helicopter money i was wondering if you anyone would like to speak

03:05:52.100 to that and i also i've got another i mean if i mean stormy i've i've i've hogged my com real

03:05:57.800 quick i want to tell you something um sure so i'm a jp morgan uh private banking client

03:06:04.060 and I got a very interesting series of letters in 2023 and sorry December 2022

03:06:16.260 so the first letter I got was saying that we will no longer be able to guarantee liquidity

03:06:26.840 on LIBOR denominated instruments and we encourage you before the end of the first quarter of next

03:06:34.880 year to basically sell any LIBOR denominated securities or instruments you may have in your

03:06:42.460 portfolio. I was like, huh. When did you get that letter? 2023. January 2023. Yes. And then I got a

03:06:54.840 a letter immediately afterwards um that said we will no longer be allowing you to purchase

03:07:03.240 and or convert any live or denominated instruments for securities

03:07:09.320 so i figure that's a perfect jump off point to touch on what santiago capital who's again very

03:07:15.000 smart guy everyone should follow yeah yeah um so why why is january 2023 jump out to me well it's

03:07:22.840 because it's a year after SOFR became the law of the land for all US debt issued after January 1st,

03:07:30.300 2022 had to be denominated against SOFR, not LIBOR. All existing debt was to be converted.

03:07:39.100 And they had 18 months to do so. Now, of course, like everything else, no one does anything until

03:07:43.240 the very last minute because, well, there's this major change coming and we don't know if it's

03:07:47.000 going to stick. And I don't think that, you know, everybody does the COPE thing until

03:07:52.300 the last possible moment or until they finally get a notice from the bank saying,

03:07:57.800 this is what is happening. You better do something about it. At about the same time,

03:08:04.800 I do believe, the reason why this happened, part of the reason why this happened is because the

03:08:10.900 Eurodollar futures market on the COMEX collapsed in liquidity, replaced by the SOFR futures

03:08:16.440 contract. And I remember when I was talking about all this stuff back in 2022 and 2023,

03:08:22.300 I remember Jeff Snyder, Mr. Eurodollar himself, bamboozling all the guys on the right,

03:08:30.100 including my friends over at the Duran, Robert Barnes, and others all saying, having him tell

03:08:36.200 everybody, SOFR doesn't matter. LIBOR sold the law of the land, blah, blah, blah, blah. It's got all

03:08:41.180 the liquidity. SOFR doesn't have any liquidity. It doesn't matter. Now, I'm not going to accuse

03:08:46.660 Jeff of being an agent for the Bank of England, but he certainly was their useful idiot. 1.00

03:08:52.300 for quite a long time. 0.99

03:08:53.960 So what I'll say is the following.

03:08:56.340 I said, yeah, but that's nice.

03:08:57.440 But SOFR is the law of the land.

03:08:58.640 So eventually everybody's going to have to get on the shtick.

03:09:01.000 And what happened from the moment that SOFR became the thing

03:09:05.340 that people had to trade against and write futures contracts against,

03:09:11.160 liquidity in the SOFR futures market on the COMEX started to rise.

03:09:13.920 Eventually, it only took like 14 months

03:09:17.360 and had replaced the Eurodollar market.

03:09:20.240 And so within, you know, and then by sometime, I think it was last year, it might have been the year before, like the years, I'm getting old now.

03:09:28.300 The years are all just kind of blurring together.

03:09:30.740 But within 14 months, there was the announcement by the COMEX that they would be winding on the Eurodollar futures contract and replacing it and effectively replacing it with the three-month SOFR futures contract, which is where we are today.

03:09:42.940 And SOFR works like a dream because it's now, the difference between SOFR and LIBOR is the following.

03:09:47.620 I've explained this many times, but just to make sure that everybody who hasn't heard me talk before, you understand.

03:09:53.360 The difference between LIBOR and SOFR is the following.

03:09:55.860 LIBOR was an agreed upon rate where 18 city of London banks would get together, only one of which was actually an American bank, J.P. Morgan's London office.

03:10:04.040 The rest of them were all European banks of some form or another.

03:10:08.040 Again, that cartel that Stormy opened the show with, getting together, calling each other up on the phone at the end of the day and going, what are you pricing dollars at?

03:10:16.160 What are you pricing dollars at?

03:10:17.140 Hey, I've got 5.1625% and I've got 5.1627%.

03:10:21.640 Let's call it 1.26.

03:10:24.880 That's what they did.

03:10:25.900 It was literally an agreed upon price.

03:10:28.600 And they were all talking amongst themselves.

03:10:32.600 Jeff Snyder was the first guy to clue me into the Eurodollar.

03:10:35.160 And then I surpassed him.

03:10:38.240 I thank Jeff for his service.

03:10:40.100 But there's a reason why he was...

03:10:41.340 I believe there was a reason why he was fired from Alhambra Partners.

03:10:45.680 I used to read his blogs over at Alamba Partners all the time, going all the way back to 2013.

03:10:50.440 So now, as I tried to understand his inside baseball and all of his jargon, 0.98

03:10:54.960 because he couldn't actually speak like a normal fucking human being, pissed me off to no end. 0.98

03:10:59.660 I could not believe it. 0.99

03:11:00.720 Like, are you trying to make this heart more complicated than it actually is?

03:11:04.520 And the answer to that question would be yes.

03:11:06.560 If someone's trying to make something more complicated than it actually is,

03:11:08.960 not trying to actually explain something to you, he's a gatekeeper and not a teacher.

03:11:13.140 Fundamental fact. 0.99

03:11:14.560 get his ass i'm sorry i get i get to kick jeff's ass now because i won i won the times i explained 0.99

03:11:22.460 that i explained this to your listeners before in the bangladeshi businessman analogy 0.99

03:11:26.600 yeah i don't know if you remember so what tom is describing is the exact same thing this is very

03:11:33.200 easy to understand so if anyone is making it deliberately hard they are obfuscating not

03:11:39.180 helping yes so the the the point being is that sofa is a is a is a collateralized rate meaning

03:11:47.780 it's just a reflection of the cost of money in the repo markets in the in the domestic repo 0.94

03:11:52.460 markets in the united states and jeff snyder is not better than zach snyder fuck you no it's not 0.99

03:11:57.540 snyder is a fucking god dude he's so fucking based it's not funny he's one of us um but um 0.99

03:12:05.720 Um, so, um, so there's, so that's the thing is that, and SOFR was always going to replace 0.99

03:12:14.140 LIBOR because all he had, all we had to do was offer a superior product backed by the

03:12:20.620 federal reserve and backed by the U S banking system.

03:12:22.580 So again, tying this whole story together, JP Morgan starts the repo crisis of 2019 in

03:12:29.760 order to start draining the euro dollar markets which then push which which then forces a response

03:12:37.580 from our euro dollar our european counterparts they give us covid and try to destroy the freaking

03:12:43.960 global economy that's my thesis in backfilling and backtesting or backfilling what i think has

03:12:51.140 happened here yeah and stormy i've got a tweet of yours pulled up here just showing for people

03:12:56.460 all the bleeding out of the $4 trillion from the euro-dollar market, just for reference.

03:13:03.720 Yes, that's exactly what he's talking about.

03:13:05.880 Yeah.

03:13:06.740 It's infinitely larger than the U.S. dollar market.

03:13:10.800 Yeah, yeah, yeah.

03:13:11.440 They're not actually dollars.

03:13:13.800 Yeah, they're not.

03:13:15.260 Well, Tom, I'd like to know what your opinion of this is,

03:13:17.940 because this is the thing that I found out that a couple people in the Trump admin

03:13:23.520 have listened to some of the pods i've been on and i've seen some changes of that come out in

03:13:28.620 policy i would imagine it's the same for you um we're actually a lot more popular than we think

03:13:33.960 i think that is the case i mean when i the first time i saw tucker carlson use the word davos i

03:13:39.100 knew that we were making inroads yeah because i created the davos i created the davos crowd meme

03:13:45.620 in 2017 same thing with his use of wasp i agree um he um what i'm worried about is okay so i had

03:13:56.320 a conversation with a former fed governor uh very nice lady um i am young in comparison to my peers

03:14:04.640 i'm in my mid-30s so old people talk to me because well i'm a young person and yes exactly

03:14:14.520 exactly so i i asked this this woman i was like okay so could you answer me a question please

03:14:20.840 i was like okay so the offshore dollar market right it's about the

03:14:24.440 a eight to ten times the size of the onshore dollar market um and she's like yes and i was

03:14:30.920 like okay but all those dollars and dollar denominated instruments they're they're indexed

03:14:39.400 to libor right and she's like yes i was like okay are there any there's no u.s banks online

03:14:45.880 the libor committee anymore and she's like yeah okay like where are you going and this woman also

03:14:51.960 by the way was on the libor committee right and she's a very nice lady and she's not a bad person

03:14:58.680 at all right and i just want to i'm telling the story to you know elucidate a point that i think

03:15:04.520 everyone should keep in mind. She was like, okay, yeah, what's your point? I'm like, well,

03:15:11.560 if I own 90% of your stock, because there's conservatively nine to 10 times the amount of

03:15:19.320 offshore dollars than there is onshore dollars. If I own 90% of your stock and I control the voting

03:15:26.680 rights, then it's not your company anymore, is it? It's my company. So who exactly is in control

03:15:36.840 of U.S. monetary policy? And she just was stunned. She's like, I don't know what to say to that.

03:15:46.260 My mind's blown. Literally use the term, my mind is blown. And then I realized,

03:15:52.080 like these aren't not all of these people they're not bad people right so if you understand the

03:15:57.780 timeline a bit more this was created as a relic it was created as part of the Marshall plan right

03:16:06.000 and then it got like hijacked and then it got scurried off into the darkness till about the

03:16:10.160 70s or 80s right so all of the people that set this system up were dead or retired by the time

03:16:18.600 that our current crop of managers and CEOs and chairmen were even interns. So all of the boomers

03:16:28.100 that you see in these positions of power now, the people that set this system up weren't even in the 0.94

03:16:37.120 fucking business anymore by the time these people even started their careers. So it's like buying a 0.94

03:16:44.240 house right and not knowing where the pipes are in your walls or the electricity is run through 0.99

03:16:53.740 your house like a lot of these people just don't actually know how this shit works and they've 0.94

03:17:00.400 never had to think about it if i'm 36 and every single year since i've been born interest rates 0.99

03:17:07.600 are lower and lower and lower and lower it was the wind beneath the wings of globalization

03:17:13.000 because if I have an, if I have a, basically, if I have a, if I'm a Bangladeshi businessman

03:17:21.580 and I go to the bank and I say, hey, I need a business loan, I need a line of credit,

03:17:27.280 that banker's going to say, hey, well, you can have, you know, this 15% interest rate loan

03:17:33.220 because Bangladesh is a shithole and this is our actual cost of capital. Oh, I don't like that. 0.72

03:17:40.320 Okay, well, if you don't like that, we have this 2% interest loan or 3% interest loan

03:17:44.820 that next year will be a 2.75% interest rate loan.

03:17:48.820 And then after that, it'll be even lower. 0.99

03:17:51.640 Well, well, fuck, I'll take that. 0.97

03:17:54.320 Okay, well, here's your loan. 0.99

03:17:55.780 Like, that's great.

03:17:57.060 All of a sudden, if interest rates keep on getting lower,

03:18:00.200 that Bangladeshi businessman can refinance and refinance and refinance.

03:18:04.560 And that's a majority of the companies, by the way, in existence, 0.95

03:18:07.540 about 25% of the companies on the New York Stock Exchange don't even earn enough in fucking top 0.98

03:18:14.000 line revenue. Not EBITDA, not net net. Top line revenue to pay the service on their debt. 0.98

03:18:25.900 Not the fucking principal, not the fucking payment. We're talking like the minimum payment 1.00

03:18:30.840 on your credit card statement, like what your mandatory minimum payment is. They don't earn

03:18:35.740 enough in top-line revenue to pay that. But for the last 30 years, interest rates would just go

03:18:41.700 down every year. So that Bangladeshi businessman gets to just refinance. It's effectively free

03:18:49.680 money because, wait a second, I don't have to actually pay you any money. I just come back

03:18:53.200 next year and refinance. And then it's even lower. I can even chalk up the difference as

03:18:58.700 fucking revenue. And this has been going on all around the world. The reason that South Korea 0.99

03:19:07.200 sprung up out of fucking nowhere, China just exploded and India exploded. This is exported 0.99

03:19:15.280 prosperity. Let's just keep it fucking real. We are the collateral on these fake dollars. 0.99

03:19:24.460 right so we are still on the hook for them right so the lowering of interest rates repetitively 0.98

03:19:32.860 by these fucking people to keep these fake dollars alive has basically siphoned so much wealth 0.97

03:19:40.160 out of the united states that it is so big we confuse it for global prosperity globalization 1.00

03:19:48.220 doesn't fucking exist bingo bingo there is no fucking we didn't pull china didn't pull half 0.99

03:19:57.520 a billion people out of poverty america did yes south korea doesn't fucking exist just exported 0.99

03:20:04.600 american prosperity that lives there the second this unwinds they are going right back to where

03:20:10.520 they were when we found them and everyone needs to understand that because it's not going to work

03:20:15.940 the same i had a question for you the the claim was when i was speaking to uh our friend jason

03:20:21.900 mirinchuk a while ago that and you'll correct me if i'm wrong i'm sure this is wrong but up until

03:20:27.280 two years ago i think you mentioned this previously in this very stream america did not control

03:20:32.980 its dollar or did not control its financial sovereignty um could you expand on that

03:20:38.420 it does domestically tom do you want to jump on that well yeah what i'll say is jeff snyder

03:20:43.420 kept making that point for years when i would read his part his things over his blogs over to

03:20:47.700 lumber partners he kept saying the euro dollar system controls american monetary policy the fed

03:20:51.820 is not in control of monetary policy i said well okay then everybody needs to stop complaining

03:20:55.980 about the fed the fed is the fed at the zero bound the fed is just another euro dollar

03:21:01.960 with the way we described it in the uh in the newsletter one year one one issue when i was

03:21:07.040 explaining this stuff i said think of them this way at the zero bound they're just another um

03:21:12.500 euro trash ban from the 80s their flock of seagulls raising interest rates is punk rock yes

03:21:19.160 okay the u.s was not in charge until it raised rates right they were never were because this is 1.00

03:21:26.220 the this is the uh and so powell going to the green sea summit and telling lagarde go fuck 0.99

03:21:32.920 yourself and we'll call it even and then two weeks later acting on it by draining two trillion 0.99

03:21:42.680 dollars of global m0 into the fed's reverse repo facility by jackson hole of that year

03:21:49.440 in three months because what happened when he did that the reason that this set me off into this

03:21:57.540 whole world that i'm in today i would not be we would not be having this conversation if i didn't

03:22:03.500 if i hadn't already been convinced by martin armstrong and others that the euro had to fail

03:22:08.940 because of its lack of fiscal cohesion because of its lack of a singular bond issuer because

03:22:14.720 the current the euro is a fake currency i said well i'm gonna watch the euro i'm waiting for

03:22:18.220 it to crash and i just borrowed a bunch of it well okay that's a great idea there's no argument

03:22:25.640 there so did the russians by the way um so just just say it um so but what happened that week was

03:22:36.120 it was i it's like forever blazing on my brain i read i go to the i go to zero hedge to read the

03:22:43.000 their their report of the fomc meeting they're like it's a nothing burger except the fed

03:22:47.160 move this one little technical interest rate five basis points the euro was trading at a dollar 22

03:22:54.440 by friday closed the euro was trading at a dollar 19. and outside outside reversal signal to the

03:23:02.840 downside that propagated how big of a move is that tom how big of a move is that for a currency to

03:23:09.320 reach multiple percent three cents in 48 hours and more importantly stormy it's enormous it's

03:23:16.280 rarely happens and it's happening right now in the other direction that the euro went from a

03:23:20.040 $1.3 to $1.8 the minute the German bond market started to blow up. Now, but we'll get to that

03:23:25.740 in a minute. Let's just finish this story. But when it did that, one of the things, because of

03:23:30.040 the way I keep my technical analysis very, very simple. I only look at candlesticks. I only read

03:23:36.020 the candlesticks. I don't use moving averages, MACD, RSI, trend charts, no fucking chart art, 0.98

03:23:41.360 man. The candlesticks tell you everything you need to know because the candlesticks only have 0.94

03:23:44.980 what you know open high low and close this is a very important point so when i saw the euro throw

03:23:52.820 an outside bearish reversal to the downside that propagated through the weekly monthly and 0.93

03:23:57.400 quarterly charts coming into the end of a quarter i'm like what the fuck just happened here 0.85

03:24:04.540 and then it's like it's like you know it's like you ever watch house you know and and like every 0.98

03:24:12.020 episode of house or every certainly every frigging dick wolf style procedural in act seven 0.96

03:24:17.200 there's always that moment where the guy figures out the whole thing and then there's this big 0.96

03:24:24.160 memetic collapse and house would be talking to wilson and wilson would say one thing and then

03:24:28.600 boom house would have the answer and he'd go and he'd fix the person and then you know and then

03:24:33.760 the story would end on a happy note that he was able to save somebody in 98 of every episode of

03:24:38.980 house. Well, it's the same thing. I had this literal moment of collapse and I went,

03:24:44.100 oh my fucking God, COVID, this, that, everything, everything Martin Armstrong, 0.99

03:24:48.540 it all hit me like a fucking wave. And I went, holy shit, the Fed is trying to kill Europe. 1.00

03:24:56.720 And then it took me about two months to really put it all together. And no, I didn't go home 0.99

03:25:06.380 with the fat chick my wife was hot um when i when i married her um just saying she's still hot 0.97

03:25:12.960 she's 55 um so my point is that like that hit me like a freaking ton of bricks and i went to my 0.95

03:25:21.660 people and at the time one of my patrons was active on our private discussion server i i put

03:25:28.160 all this out there and i asked i said could this be real and he and he just looked at me he said

03:25:33.860 well, they don't call him private equity Powell for nothing. And I went, holy shit. And then I 0.99

03:25:43.260 said, well, if that's the case, if I'm right about this, that means this, this, this, this,

03:25:46.500 this, this, this, this, this, and this are going to happen. You asked earlier times about

03:25:49.920 predictability. I literally predicted the next three years of monetary policy that afternoon.

03:25:56.360 the political fights on capitol hill the attack of the the the insider trading scandal the fact 0.97

03:26:05.120 that biden wouldn't go after uh wouldn't um reconfirm powell all of it every fucking thing 0.89

03:26:11.560 and then when he was talking about jenny when he was talking about jenny ellen doing qe 0.94

03:26:15.380 when he was talking about jenny ellen doing qe keep in mind that that qe was the exact opposite

03:26:23.220 of what Jerome Powell was doing in the Fed, right?

03:26:26.700 The Fed was doing QT, right?

03:26:29.380 So the Federal Reserve is doing this policy

03:26:31.580 and the Treasury Secretary is running around the globe

03:26:34.820 using other people's central banks

03:26:36.820 to try and undo what Jerome Powell is doing 0.99

03:26:40.820 as he's fucking doing it. 0.98

03:26:42.920 That tells you that there are two groups of people 0.98

03:26:46.640 with opposite objectives

03:26:49.740 and are pursuing opposite goals.

03:26:53.220 this whole like regime is a monolith thing and I've been I mean that's where my most of the

03:27:00.160 recent predictions that I've been rubbing in people's faces as Europe declares war in the

03:27:04.880 United States very very unvassal state-like behavior by the way for a group of people that

03:27:12.000 are supposedly American vassal states I've been told forever and ever and ever that they're just 0.99

03:27:16.800 U.S. puppets they're just well they're being really shitty fucking puppets and I wish they'd 0.98

03:27:22.500 stop but i got a tweet of yours pulled up here just on that topic exactly the 0.99

03:27:28.660 basal states of america tom you will really enjoy taking a look at jp morgan's board by the way um

03:27:39.700 my only difference in my thesis versus tom's thesis is that it's

03:27:45.620 the pentagon is also on this side of the u.s prime banks

03:27:51.540 actually they're on the same team actually stormy i i wouldn't um i wouldn't disagree with that i

03:27:57.800 think that a certain a certain part of the pentagon looked at this whole thing and went 0.78

03:28:01.380 holy shit they're trying to kill the country yeah what is uh what look at the last two remember that 1.00

03:28:06.720 annoying you will own nothing pitch deck that these faggots were dumb enough to share the last 1.00

03:28:12.580 two slides for those of you that don't know uh listeners the last two slides of that world 0.99

03:28:20.160 economic forum great reset uh presentation that they shared with the first slide being

03:28:24.960 you will own nothing and be happy that they were nice enough to give us i mean because god that

03:28:30.280 was fucking gold really um i know it was they took a lot of that down to a lot of those great 0.83

03:28:37.240 reset websites i was looking it up the other day they tried to scrub a ton of that yeah and black 0.98

03:28:42.860 Rock tried to pull down their going direct reset plan. Funny that. But they say the U.S. will no

03:28:50.780 longer be the world's military superpower. And then the last slide was the U.S. military will

03:28:59.900 come under the control of an international consortium of child fucking faggots. So you 1.00

03:29:07.500 You know who doesn't like the idea of the US not being a world military superpower anymore?

03:29:15.300 And they're also the same people that don't like the idea of the US military going under 0.99

03:29:21.020 an international consortium of faggots. 0.99

03:29:23.260 Well, the people that run that military for reals. 1.00

03:29:27.280 Not the people that you see on TV, not the Joint Chiefs, things like that.

03:29:30.460 You got to remember what Obama did.

03:29:32.780 What did Obama do to the Pentagon?

03:29:34.780 Yes.

03:29:35.780 Yes.

03:29:36.780 Yes, Dexter White was screaming at me back in 2011 and 2010.

03:29:42.500 He was screaming at me.

03:29:44.000 He and I are old friends. 1.00

03:29:45.580 Screaming at me on the phone going, dude, this guy's a fucking traitor. 1.00

03:29:48.620 He's destroying the goddamn military. 1.00

03:29:51.140 He's replacing all the fucking generals with yes men. 1.00

03:29:53.440 He was screaming at me back then about this stuff. 0.99

03:29:55.460 He was not subtle and tipped his hand.

03:29:58.420 So by the time he tried to remove these generals, keep in mind,

03:30:01.500 general is basically the king or a feudal lord of a tiny little fiefdom and when i say tiny i mean

03:30:08.320 between you know 50 to 70 000 people and all of these special access programs that he doesn't

03:30:14.600 have to fucking tell the penny the the president about so they literally act like autonomous

03:30:19.700 kingdoms that run in parallel to our society and when barack obama got elected um he got elected 0.99

03:30:27.560 by the way tom um oh damn it never mind i'll reach out to you privately because saying this 0.96

03:30:33.240 dude's name still makes my butthole pucker up uh i don't i don't like him but he's he's a general 0.95

03:30:40.200 that is responsible for the obama campaign so there was a traitor amongst them but um all of them 0.59

03:30:48.360 took their special access programs and their little fiefdoms and privatized them

03:30:53.000 so almost all of the people that barack obama purged created private defense contractors doing

03:31:03.740 exactly what they were doing and to the great annoyance of obama he fired all these people

03:31:09.820 and all of a sudden the military doesn't work anymore until he gives all of the people that

03:31:15.860 he tried to fire defense contracts to keep doing what they were doing because they took all of the

03:31:22.060 people underneath them that had any talent, all of the docs, basically everything you would need

03:31:27.500 to run that little fiefdom. And they basically ran in parallel. So you have had a defense

03:31:33.980 establishment that apparently is the defense establishment. And then you have the actual

03:31:39.740 defense establishment now immune from any and all government oversight, any and all executive

03:31:45.720 overreach and privately capitalized wow so um i had one thing here sorry just uh because i'm

03:31:56.360 really trying to bring this back to sort of the conflict between uh the bank of england and also

03:32:01.080 america we've touched on it quite a few times in here i just wanted to pull up uh to bring it back

03:32:06.040 to this looking at the independent right now why are u.s banks flying gold from london to new york

03:32:11.800 around 8,000 bars have been moved out of the Bank of England's vaults in recent months. So we are

03:32:16.400 seeing that transfer of gold to America. I'm wondering if we could just sort of recontextualize

03:32:21.860 that in everything we just discussed, or if you explain that very soon.

03:32:25.420 Well, I'll be happy to do that in just a second. I want to just remind, I just want to say that

03:32:30.080 during all of this, what I kept saying was, it's not going to be the generals that Wall Street

03:32:35.580 would be working with. It would be the Fulberg colonels and the lieutenant colonels, the ones

03:32:39.160 who actually want to actually run the military and when i brought this up to lieutenant colonel

03:32:43.000 steve murray on a podcast he was like of course we're the ones that actually do all the work

03:32:46.920 we're the ones who stand up to the generals and go oh you want to do that well we can't do that

03:32:51.720 we're not going to be able to invade russia in six months what are you out of your mind and we're

03:32:54.840 not doing it we have a lot more at the the colonels and the loot and the and the the and

03:32:59.400 the lieutenant colonels have a lot more power within the united states military than people

03:33:03.240 think they did it isn't just think about colonel mcgregor yeah exactly and so for that reason i

03:33:09.640 just said look that's where the loyalty to the united states exists it exists at that level

03:33:14.760 and lower the generals are all political appointees at this point so now um so i was

03:33:22.280 in my own little way stormy i was i i understood conceptually how this would work right how this

03:33:28.680 um how this or else trump would have been dead yeah no agreed completely completely

03:33:36.200 agreed i might and they would have gotten before he announced yes yes i mean i i kept saying that

03:33:44.280 there's no way powell's going to be able to raise interest rates and keep doing what he's doing if

03:33:50.840 um if he doesn't have help from wall street um and that means that there would be a seek there

03:33:57.000 there would be a hidden hand on some squishy members of the Senate or Congress to stop all

03:34:05.100 the spending that was on the Biden, like build back better. Like when I looked at Kyrsten Sinema

03:34:10.700 and Joe Manchin, I said, and I saw them rise up against build back better. I'm like,

03:34:17.640 Wall Street doesn't want the build back better bill. I'm right about Powell. They're lying in

03:34:22.160 wait until Powell can get reconfirmed. And once Powell gets reconfirmed, he's going to raise

03:34:25.660 interest rates and if he's and if he's listening and if he's smart he'll raise interest rates to

03:34:30.360 six percent well he got the five and a half i literally said all of that and i said it in the

03:34:37.000 summer of 2020 in the late summer of 2021 and i watched pelosi then try to maneuver and get all

03:34:42.820 the bills under under one vote and all this and i just went into i was like i was on fire back then 0.97

03:34:47.960 doing that shit um and i happened to be right about it all because i just read the fucking i 0.97

03:34:52.820 just read the game board i'm like you work for that one you work for that one you work for that 1.00

03:34:55.800 one and you work for that one this is this is how this works boom and joe manchin was the key you

03:35:01.700 want to say you want you want to give somebody and kirsten cinema you want to give somebody 0.99

03:35:05.940 medals of honor for for defending the country you give it to those two fucking people because 0.98

03:35:11.320 without them standing up in the senate and refusing the build back better bill and the 0.99

03:35:18.780 debt ceiling increase and and the rest of it whatever the there were three bills there were

03:35:22.900 three things that they were trying pelosi was trying to tie together the infrastructure bill

03:35:26.640 build back better and and um and the debt ceiling increase and all that just means more liquidity

03:35:33.400 more liquidity more liquidity for the offshore dollar markets it's what yeah exactly and it

03:35:38.180 meant that it would force the fed to never raise interest rates because the what would the fed

03:35:41.720 have to do the fed would have to monetize all that debt they kept lying to us about they kept

03:35:46.200 lying to us about what it would cost and then when manchin said i knew it was over when manchin

03:35:51.220 said you know what i'm gonna wait for the cbo report as to what this is actually going to cost

03:35:55.680 us when he said that he put the whole thing on he put the whole thing on ice pelosi was chewing on 0.99

03:36:01.080 her fucking dentures and draining the city of of washington dc of all the fucking vodka because 0.98

03:36:06.760 she knew she was beaten then when the cbo report came out and it said this was going to cost us 1.00

03:36:12.620 six and a half trillion dollars over the first three years of the bill it was over done it was 0.98

03:36:17.780 over because they were selling it it was a revenue neutral it was a fucking lie and when when mansion 0.96

03:36:23.580 said that i'm like oh he's our dude he's on our someone's someone's got a standing on his back 0.99

03:36:29.420 going no no you stand up in the senate and do that no one's going to kill your children no one's

03:36:33.620 going to kill your wife and you're not going to die and you're going to do this this no one's

03:36:36.520 gonna thomas massey you what's that no one yeah no one's gonna thomas massey you there you go 0.99

03:36:43.000 so now let's talk about gold so what's going on with gold it's it's the united states um

03:36:50.360 it's the united states removing the put underneath the global gold market

03:36:55.800 so this would be really america striking back at the bank because the narrative that i'm hearing

03:37:01.640 and stormy you could jump in on this is that america is taking back its or maybe for the

03:37:07.000 first time taking its economic sovereignty um is that what that gold transfer would signify

03:37:13.080 um well it's a little bit more important than that the u.s is going back on gold

03:37:20.520 and not in the way that everybody thinks we're not getting gold back currency because that would be 0.96

03:37:24.360 dumb and anybody that says that is dumb and doesn't know how gold actually works 0.97

03:37:29.720 gold doesn't stop inflation retard i hate that so much i hate libertarians so much no offense tom 1.00

03:37:36.520 i got investing news the close i am is i'm only philosophically libertarian at this point

03:37:42.520 like i'm politically i'm so post-libertarian it's not fun yeah because so gold does not work as an

03:37:48.120 inflation hedge or else inflation would have never existed and in any of the countries that used gold

03:37:54.840 as money um which is pretty much all of them in europe and eurasia for the last 2 000 years

03:38:02.680 so has there been examples of anyways they're going to back the treasury bonds with it i think

03:38:07.080 tom yes i i i i i i one of the first time i met vince launchy on a uh on a on a twitter space

03:38:15.320 uh hosted by talisades world radio events was going on and on and on about something i said

03:38:19.560 no no vince that's not what's going to happen we're going to put we're going to we're going to

03:38:23.240 we're going to go to a 5% gold cover clause on U.S. Treasuries.

03:38:26.740 And he just stopped.

03:38:27.860 And he had one of those moments of memetic collapse.

03:38:30.760 And he stopped, literally in real time.

03:38:33.140 And this is Vince. 0.99

03:38:33.700 And you know how fucking smart Vince is. 0.99

03:38:35.420 He stopped, thought about it for about four seconds, 1.00

03:38:39.160 and went, holy shit, they're going to throw gold on a New Yorker. 0.99

03:38:41.320 You're absolutely correct. 0.99

03:38:42.280 And then a friendship for the ages was born between two fast-talking Italians from New York.

03:38:50.660 So what happens, Tom, if that happens?

03:38:52.620 if we go back on gold what happens to particularly the offshore dollar market because when we say

03:39:00.460 europe uh dimes and to dimes listeners we don't actually mean europe the people that live there

03:39:06.420 right right we're talking about the people that have been basically effectively um what happened

03:39:12.840 in the u.s the last 60 years right happened in europe 300 years ago yeah all right so when people

03:39:21.140 say oh the american empire and this and third they're not actually talking about americans

03:39:25.540 that just like grill and mow their lawn and we aren't either right so i mean ultimately the way

03:39:32.660 i see it is is as follows we back the treasury and i've always said this is like we're we're

03:39:38.260 gonna go back to some form of gold cover like i go back to jim sinclair in 2005 2006. like if you

03:39:44.980 If you guys didn't read JS Mindset back then, you didn't have a, that was the first real,

03:39:50.920 okay, that's the first real insider to walk away from everything was Jim Sinclair.

03:39:55.440 God's rest his soul.

03:39:56.960 I learned more from Jim than I'll, than I've forgotten more from,

03:40:00.700 that I learned from Jim than I'll ever remember.

03:40:03.200 But what Jim always said is, I'm not going to go back on a gold standard.

03:40:06.920 We're going to go back on, we'll have some form of gold cover clause.

03:40:09.180 And at the time he was thinking global M3 or something along those lines,

03:40:11.760 but whatever, it doesn't matter.

03:40:12.560 Um, what we're going to do is throw gold down in the yield curve and then use it as a means by which to, um, minimize the cost to the treasury while paying investors in gold, investors in America, a higher yield, higher rate of return.

03:40:31.340 it's going to force everybody else to do it as well that's the point because if you don't do it

03:40:36.380 um then we're going to have a superior instrument to your debt fully debt-based one so you can make 1.00

03:40:43.400 it a five percent cover or ten percent cover judy shelton's been making the rounds for about a year

03:40:47.720 and a half now i have a copy of her book on my shelf behind me because she sent it to me i haven't 0.62

03:40:52.360 had a chance to meet judy yet i need to like really i need to reach out to her but she's not

03:40:56.760 wrong. What she's talking about here, you know, she's talking about like 100% gold back tips. I

03:41:01.580 don't think that that's what we're going to wind up with because I think that would be a hard sell

03:41:04.580 on this market. But what you could go with is like a hybrid instrument. This is the first thing I

03:41:08.600 thought of. I'm like, oh, great. Like how about a 2% or a 2.5% coupon and, you know, 10% gold

03:41:13.940 backing and then, you know, allow the price of gold to rise to, you know, however many dollars

03:41:19.220 per ounce you needed to make everybody happy to satisfy those pension funds that need to be able

03:41:25.220 to book 7% returns every year, 8% returns every year on their balance sheet. But you're only

03:41:34.660 costing the treasury two, two and a half percent. And you're just pledging a small percentage of

03:41:40.080 the gold reserves to pay for all this. And then you allow the price of gold to rise,

03:41:45.820 which effectively raises the nominal yield, the actual yield on the investment. So for example,

03:41:51.620 If you pay a 3% coupon against a 20% gold cover, if the price of gold doubles over the course of that five years, or let's call it 10 years, then you get 10% a year.

03:42:08.240 The price of the bond goes up by 20%.

03:42:10.740 It's like adding 2% to the yield on the bond.

03:42:13.140 If it doubles in five years, then it adds 4% to the coupon on the bond.

03:42:17.040 So what is a nominal 3% cost to the treasury is a 5% value improvement to the investor, or 7% or whatever it is.

03:42:25.220 Design the instrument however you need to, throw it on the yield curve, let the market fight it out.

03:42:30.420 I don't have an answer to what the market's going to do.

03:42:33.400 I'm just giving you the model for how this thing is going to work or how it should work.

03:42:37.440 And that's exactly what I think Bicent is talking about.

03:42:39.680 I think that's what the Bitcoin strategic reserve is about.

03:42:41.960 and it's it's bearer assets are going to be there as strategic as who doesn't have any though

03:42:50.080 yeah oh who doesn't have any canada doesn't have any the bank of england doesn't have any

03:42:54.980 because we're draining we're calling the put on the bank of england who's lent out all their gold

03:43:01.220 or any sovereign gold that they may have off balance sheet i think that's what's being drained

03:43:06.520 right now because the bank of england has nothing on its balance sheet but the real question is is

03:43:10.960 How much does the crown actually have?

03:43:13.140 Like, how about this one?

03:43:15.860 China says that their official gold reserves are around 2,000 tons.

03:43:19.200 The Russians say theirs are around 2,300, 2,400 tons.

03:43:21.960 Does anybody really believe that they only have 2,000 or 2,400 tons of gold, respectively? 1.00

03:43:27.900 Bullshit. 0.99

03:43:28.720 Russia's got a sovereign wealth fund. 1.00

03:43:31.060 We've got Nudge Unit here asking,

03:43:32.920 wouldn't it be presumably to prepare Europe for the possibility of NATO becoming defunct?

03:43:38.580 NATO is already defunct.

03:43:40.960 I guess that leads into the next question

03:43:43.240 because I know we have to get going soon

03:43:44.620 and it's probably too much of an ask

03:43:46.440 Sean bringing up Jim Rickards

03:43:49.520 Rickards told us what the game plan was ages ago

03:43:51.580 by the way

03:43:52.680 he kept saying

03:43:53.780 that China has more gold than they're letting on

03:43:58.120 he couched a lot of this stuff

03:44:00.320 if you watch like old Porter Stansbury

03:44:02.340 things that he used to do

03:44:04.100 he used to couch it in like

03:44:05.860 apocalyptic terms

03:44:07.060 but Jim was also telling you the structure of the market

03:44:09.940 the chinese own 20 of the futures on the comex they own 20 of the futures on the lbma through

03:44:16.540 proxies and this and everything else they can move the price of gold wherever they want

03:44:19.280 they've been accumulating for the last 15 years and a lot and they've been accumulating a hell

03:44:23.240 a lot more than what they say they're accumulating now i know we have to get going soon and it's

03:44:30.560 probably too much of an ask to compress this last question but we've had a couple questions in the

03:44:35.460 chat, sort of forecasting what the average American can expect going forward. I have one here

03:44:40.080 from a friend of mine, Ted LaFaro. And this is related to all the COVID discussion we were

03:44:44.840 having earlier. Is a false flag starting World War 3 unavoidable at this point. The EU just

03:44:50.040 allegedly allocated 800 billion for military spending. I read something that's kind of a

03:44:54.540 tricky number too. But presumably this is laundering their debt via military war spending.

03:44:59.980 And I leave it to the two of you. What can we look forward going forward? Do we anticipate

03:45:05.040 something like covid a false flag or something to cover up the movement of money stormy why don't

03:45:12.280 you go first uh whether we can expect it or not i would say the whole war against russia

03:45:19.700 was this right remember vladimir putin cured covid ladies and gentlemen like i don't know

03:45:25.580 know if y'all remember but the basically if you the eurozone including the uk is

03:45:37.400 basically bankrupt right it's insolvent right so what happens then if we fast forward this clock

03:45:50.500 a little bit further and let's talk about like what happens if it were to default which it's

03:45:57.200 going to right all of a sudden all of the police in France that are cracking protesters heads which 0.94

03:46:05.300 they are world famous for don't fuck around in France all of the firefighters and EMTs well 0.93

03:46:14.160 what do you think they're going to do because remember the only if you have negative interest 0.98

03:46:20.160 rate bonds that no one wants to buy, right? They would generally just sit there unsold. But if

03:46:27.300 you're a European technocrat, that's not acceptable, right? You need to fix this. How

03:46:33.020 did they fix this? Well, they mandated that all of the European pension funds that do business with

03:46:39.180 the government, which is all of them, that they invest a certain percentage of their portfolio

03:46:46.620 in european sovereign debt first it was a very small amount and then it was a kind of large

03:46:51.740 amount and then it was a really large amount so if the european sovereign debt market ghost hits up

03:46:58.460 these governments are going to find themselves out of money to pay for things like police

03:47:03.900 and firemen and things like that so if you go tell all the police that are currently cracking

03:47:09.740 protesters heads that hey not only are you unemployed but that pension fund that you've

03:47:15.820 been cracking people's faces for yeah that's gone so we don't have any money to pay you

03:47:22.140 and also all your life savings is gone what do you think is going to happen next

03:47:27.740 bad things obviously bad things so you need to be able to have some type of current you need

03:47:36.140 to be able to have some type of extra societal control right at the point that this goes tits up

03:47:44.860 You need to be at martial law level of authority over your populace, or else you're going to end

03:47:52.120 up on a lamppost. So first it was supposed to be COVID. Then the COVID narrative started getting

03:47:59.540 bucked and the war that they were cooking off in Russia, well, it cooked off. So this is much

03:48:06.620 better. Whether it is a war, whether it is a COVID, it doesn't matter what it is. It's the

03:48:12.580 control mechanisms that become available to these people, right? They need the CBDC because they

03:48:20.500 need to be able to control the population in some capacity, right? As they transition to whatever

03:48:29.260 their new thing is going to be, right? When it comes to the war in Russia, England wants the

03:48:34.820 war in Russia for the same reasons that the Europeans do, but except for the fact that

03:48:40.940 the offshore dollar market is 400 some odd trillion dollars of uncollateralized IOUs.

03:48:48.820 Well, what do you need? I urge everyone to check out Alex Cranor's work on this. You can find him

03:48:55.420 at Naked Hedgy here on Twitter. He's great. Yes, he is. They need the collateral. So how do they

03:49:01.680 value oil companies? Well, they don't value the market cap of oil companies, right? How much oil

03:49:08.400 it produces, and revenue, none of that. They value it by how much oil is in the ground.

03:49:14.960 And you don't have to pump that amount of oil out to monetize it. You can use that as collateral,

03:49:23.120 which is what they desperately need. They have a whole bunch of loans out, but nothing in their

03:49:27.280 bank vaults labeled reserves. So they need reserves. There's only three types of reserves.

03:49:33.120 there's gold there's treasury bonds and there's oil three types of money good collateral so if

03:49:40.320 the war in ukraine looks like it's winding up they will do something to keep that going because not

03:49:48.160 only do they need the control they also need the collateral russia is the collateral they tried to

03:49:57.840 to do this in 1992. Go ahead, Tom. I was going to say, they tried it in 1917. They tried it in

03:50:04.120 18 with Napoleon, blah, blah, blah. I was going to say, and this is part of also the reason why

03:50:08.260 the yield curve control program that Lagarde and Yellen ran ended up with the Eurozone accumulating

03:50:14.660 nearly $1.1 trillion with the US Treasury bonds bought at low prices, i.e. high yield, or as they

03:50:23.400 were rising and yield. Here's one of the things. If you want to know how deeply angry the United

03:50:31.180 States is, I tweeted this out the other day, and I did a Spaces with Tracy Shukart the other day

03:50:36.100 where she asked me directly about the tweet thread that I put out, which is that these people bought

03:50:40.740 $1.1 trillion. When you break the TIC report down by region, Davos or UK, EU, Asia Pacific,

03:50:50.440 rest of the world. I've been doing this, I went back and I went through the TIC reports all the

03:50:56.600 way back to when Powell started draining the world of the offshore dollars, nominally from

03:51:04.280 September 2021 forward. So right after Jackson Hole, when the, and I started looking at what

03:51:09.280 they were doing. And while China and Japan were selling, the Europeans were buying. Why were they

03:51:14.920 doing that? They were doing that to offset that because they didn't want US treasury yields to

03:51:18.540 get out of control but since then they've been buying all the way up and more and the higher

03:51:23.580 powell went and whenever powell did what he wasn't supposed to do they bought more you can see that

03:51:30.780 when you chart that now the number since september 2021 is about 1.1 trillion dollars in u.s treasury

03:51:36.380 bonds who is now the second or as of okay the last report the the the british sold 40 billion dollars

03:51:44.660 of the treasuries. But up until December of 2024, the British actually held more U.S. Treasury bonds

03:51:51.400 officially, the Bank of England, than China did. Now, add in all the English subsidiaries,

03:51:56.400 the Cayman Islands, Bahamas, Bridge of Virgin Islands, this one, that one, Ireland,

03:52:00.720 we got to get all of that stuff, much more than that. So they're the biggest holders of American

03:52:06.660 sovereign debt. What did Jim Bianco put out there the other day, and Matt Smith and the other guys

03:52:12.040 we're talking about with these mar-a-lago accords one of the provisions of that is that in order to

03:52:16.580 pay for the last 80 years worth of u.s defense of europe which we want that money back we're going 0.81

03:52:24.040 to scram them down and reissue their sovereign debt as zero coupon 100 year bonds go fuck 0.99

03:52:35.400 yourself that's it it's over you that happens so what they were planning on doing was buying 0.99

03:52:41.820 low and selling at the peak as as trump decided that he was going to bring interest rates down

03:52:47.340 which of course bring interest rate downs the value of the bond rises so that they were going

03:52:51.760 to recapitalize and sell and make money and make a couple hundred four hundred billion dollars

03:52:56.400 or whatever pick a number i don't know whatever it is in order to make in order to offset their

03:53:02.300 purchases and then they were going to then also use that selling pressure to manipulate our yield

03:53:07.880 curve. That's going on right now. They're buying twos and they're selling tens and thirties. Go

03:53:13.580 look at the yield curve. I did this this morning. I break the yield curve down by the one, two

03:53:18.120 spread, one month, two month spread, the two, three, the three, six, the one year, two year,

03:53:22.120 all the way out to the 1030. And you can see the kinks in the yield curve on a weekly basis as it

03:53:27.500 plays out. This is clearly what they're fucking doing. And then they're going to write a whole 0.99

03:53:31.260 bunch of headlines. The Fed has lost control of the bond market. Bullshit. Fucking Bank of

03:53:36.980 is just selling yep and all this stuff about china unloading treasuries is going to destroy 0.99

03:53:43.680 that like it's retarded it's retarded that the chinese stopped selling it two years three years

03:53:48.400 ago yep you buy 20 billion one month they sell 15 the next month you know it's all done it's all

03:53:53.980 done if anything the united states and china have been coordinating monetary policy for the last

03:53:59.200 three years to ensure that the global markets have enough dollars to function as the united

03:54:06.240 states pulls all drains the euro dollar system that's why china issued a whole bunch of chinese

03:54:12.920 yuan denominated dollars saying our debt saying to like thailand saying hey look if you need

03:54:18.780 dollars we'll give you dollars pay us back in yuan and the americans are like that's great thank you 0.96

03:54:25.060 i don't have to worry about this shit anymore it's like the chinese treasury came with a 20 0.97

03:54:30.240 person team and they didn't meet with janet yellen they didn't meet with anybody in the 0.99

03:54:34.420 biden white house they sat down with the people from jp morgan and i've been telling i've been

03:54:41.060 telling people i've been saying over and over and over again that jamie diamond has been at during

03:54:45.260 the biden administration was acting as both secretary of state and the treasury secretary

03:54:49.240 the entire time yeah janet yellen was he was eating mushrooms and not the pizza kind the 0.98

03:54:55.980 hallucinogenic kind the fucking child so i don't know i mean dude it's it's it's unbelievable so 0.99

03:55:01.900 if he does, but if Trump 0.99

03:55:04.120 does that, all of a

03:55:06.180 sudden, all

03:55:08.040 the European 1.00

03:55:08.680 banks are fucked. 1.00

03:55:12.700 Yep. 1.00

03:55:14.300 They're fucked. And you need a CBDC. 1.00

03:55:16.080 All of that collateral that they currently think they

03:55:17.920 have at that value

03:55:19.380 has been written to zero because those bonds

03:55:22.020 are unmarketable. Yep.

03:55:24.980 Which is, I think, why

03:55:26.100 the CBDC, well,

03:55:28.100 nobody, I think that's why the CBDC

03:55:29.920 has re-entered the

03:55:31.220 the conversation conversation because i yes i don't think that they can do anything

03:55:35.720 and that's why they and so the whole 800 billion dollars worth of of that's all again another

03:55:42.520 quixotic attempt to create a centralized um bond issuance from um the european commission i i

03:55:51.300 they've already tried this twice they did it once with the sure bonds back in 2020 or whatever it 0.90

03:55:55.900 was it 2021 250 billion dollars of these damn things they don't trade they're currently put

03:56:01.260 they're currently uh priced at about 50 cents on the dollar or 40 cents on the dollar there's no 0.99

03:56:05.480 volume and they've already stiffed their their fucking investors once and they're gonna and 0.94

03:56:09.920 they they tried to do it again last year they couldn't get any buyers and they're trying it 0.99

03:56:14.300 again now over the the hooten i'm like fuck putin can't invade poland because the fucking trains 0.99

03:56:20.700 don't work in his trains don't work in poland we've known this from the beginning of the 1.00

03:56:25.940 fucking war like they use a different rail gauge than the rest of europe and the russians have not 0.92

03:56:34.360 shown us that they can do major military material air lift either through air or with cars they move 0.99

03:56:42.680 all of their shit on rails it has always been this way it's the way that you know why because 0.79

03:56:48.580 russians aren't interested in invading europe why would they other than deliberate them again from 0.99

03:56:55.540 the same people that they had to liberate them from when they invaded when they took berlin

03:57:00.580 and they beat patent to berlin all of their um all of their banks know that they are insolvent

03:57:07.860 they know that they're right they from the very beginning all the people that own these banks

03:57:12.740 had moved their money into green energy investments and then had the government

03:57:17.620 the european government come in with non-dilutionary capital you know i.e grants and poor grants on top

03:57:25.940 of their investments so they're four to five x on their money before the rest of the world got the

03:57:31.700 whole climate agenda and were forced to buy into it right the banks in europe don't care about going

03:57:38.260 bankrupt which is what a cbdc does the banks in america are not bankrupt and they don't really

03:57:44.500 particularly like the idea of going out of business so the you're the this like the european

03:57:50.340 institutions if the central bank digital currency comes out they don't need martial law they don't

03:57:55.860 need guns in your face right all of the banks that you use already are just going to switch over

03:58:02.420 because it's going to come just like the coveted it's going to come through the corporate

03:58:08.180 institutions and the ngo institutions and the government institutions itself they're not going

03:58:14.680 to need to like you know show up with you know police at your door whatever make you switch

03:58:20.240 unless you get your money the fuck out of europe out of euros and particularly if you can out of 0.99

03:58:28.020 the euro zone unless it's in unless it's in crypto like you're gonna be fucked yes so like 0.98

03:58:32.800 for practical purposes like what you can glean out of this podcast if you are a euro bro 0.87

03:58:38.160 is you need to get your money out of europe if it's in european property sell it now if i could

03:58:46.360 just put it somewhere else i think so i was gonna say we might need to end right about there and i

03:58:52.280 think that's as good around now as good times i wanted to bring um tom a your attention to a

03:58:58.320 comment i've just received on twitter it's not up in the chat right now a guy named kyle he says

03:59:03.640 he's listening to this in his car

03:59:05.300 he's quoting you saying if Powell does that 1.00

03:59:07.600 all the European banks are fucked 0.99

03:59:09.040 and his two-year-old is in the car with him who just goes 1.00

03:59:11.680 uh-oh

03:59:13.120 so

03:59:13.460 I've got a two-year-old

03:59:19.880 myself and so they go oh no

03:59:21.860 oh no

03:59:23.380 oh no Mr. Bell

03:59:25.020 there I'm dating myself

03:59:27.040 yeah no guys it's been

03:59:29.480 it's been a blast

03:59:31.220 and I'll tell you that

03:59:32.780 know you're you're right stormy i would what someone asked to show me and asked earlier what's

03:59:37.100 the trade well the trade is um america is where the money's coming watch what i'll tell you now

03:59:44.140 is watch the money will start to flow out of europe and i what i'm seeing right now um is

03:59:50.060 that there's a short wave of money flowing into europe i think there's a whole bunch of oligarch

03:59:55.100 money coming out they're just pulling it directly out and they're trying to crash our markets and

04:00:00.940 and then create the manufacturer consent that Trump is bad for America.

04:00:09.440 That's what they think they're going to run, because all they have is narrative.

04:00:14.440 I noticed this last week.

04:00:16.520 It was really funny.

04:00:17.140 High verbal IQ.

04:00:18.700 Yeah.

04:00:19.780 So I noticed this last week when they were pushing on Bitcoin,

04:00:27.700 and I started seeing people all over Twitter say,

04:00:30.940 dudes it was last sunday dudes do you know right now there are no bids in the in the in the u.s

04:00:36.460 repo markets zero i'm like unsourced like what what are you talking about and it was happening

04:00:42.240 at the same time as they were attacking bitcoin because i firmly believe that bitcoin and tether

04:00:47.320 are the hot spare are the that's that's the the the heat sink for repo for uh for hot money in

04:00:56.080 america like in the in the in the t-bill market because it's a really big market it's 100 billion

04:01:01.320 dollars right so yeah like um it was pretty obvious that they were pushing on bitcoin to

04:01:08.180 create this to try and nudge the world towards this and then but what was really happening was

04:01:13.480 that the european bond markets were blowing up going all the way back to what i said earlier so

04:01:18.240 um they're going to try they're going to try this over the course of the next six weeks they have

04:01:22.080 to push back against trump's shock and awe as they expose as trump exposes everything um but

04:01:28.100 and they're gonna and they're gonna put this full court press on all the way up and until

04:01:31.920 probably the second week in april they'll it'll really crescendo around the fomc meeting

04:01:38.160 and that's a panic cycle for armstrong yeah and then the second week of april i didn't even look

04:01:43.800 at our armstrong's arrays here second week of april well trump puts on tariffs on april 2nd

04:01:50.260 by april by april 15th everybody should be screaming yep all right so i'm just going to

04:01:56.240 throw up some links here i want everyone if you're not already i assume everyone knows about

04:02:01.420 who these two individuals are but if you don't tom luongo can be found at tom luongo.me

04:02:06.540 his podcast his writings everything is available there a lot of what we talked about on this

04:02:11.160 episode is expanded upon in great detail along with many interesting guests like alex craner

04:02:17.400 who i was trying to get on at last minute because as i mentioned at the start peruvian bull cannot

04:02:22.940 get on unfortunately we're going to have him on in the future but i had a phenomenal time with

04:02:28.540 these two and there's so much more we could do a nine hour stream if we wanted to and also stormy

04:02:33.200 waters at norman dodd new on x follow him immediately and if you're here you probably

04:02:40.240 know who i am is dimes blood satellite the human crash out glad to have you um thank you both again

04:02:47.340 Tom yeah we will this was hyper compressive you can go on for like I said nine hours on any one

04:02:54.820 of the little pillars that we got to here but for now I'm going to say thank you again so much for

04:02:59.340 taking the time and thank you everyone for showing up as well and I'll see you next time

04:03:03.340 hey baby I hear the blues are calling tall salads and scrambled eggs

04:03:09.320 and maybe I seem a bit confused yeah maybe but I got you pegged

04:03:17.340 But I don't know what to do

Blood Satellite - March 28, 2025

Revolt Against the Moderate World

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