Blood Satellite - Worcestershire Sauce Tastes Like I Hardly Knew Her

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

00:00:07.720 blood satellite i had a quick update on my son nickels he's coming around on halloween

00:00:23.200 oh good buddy there's something very fascinating happening because i spent a lot of time

00:00:29.700 trying to get inside his mind that sounds more malevolent than it was intended but that's the

00:00:35.400 best part of being a parent is trying to figure out how they think and especially as they talk 0.92

00:00:40.140 more now he just doesn't shut the fuck up that's a good problem to have but my god um but i saw

00:00:47.440 something start to happen so as i said before it's not obvious that he shouldn't be terrified 0.95

00:00:53.080 at what he's seeing he just you know he came online around you know toddler age and all of a

00:01:00.240 sudden there's towering chattering screaming skeletons and witches just around just in his

00:01:07.500 life in his world and and what i saw he was very nervous and not crying or anything like that but

00:01:15.480 very experiencing trepidation but then something switched where then he was asking to go to the

00:01:22.320 halloween section if we were in a store yep and and he gets there and he's still kind of like whoa

00:01:27.900 and he's pointing he's saying skeleton he's saying witch he's saying pumpkin ghost you go what sounds

00:01:34.000 a ghost make he goes whoa like he gets it but there's what's happening is that he's discovered

00:01:40.700 what a thrill is it's like i know this is scary but i want to move towards it but i'm not it's

00:01:49.140 not an actual threat it's just something i find somewhat scary yeah but i'm drawn towards it i'm

00:01:55.420 like that's it's such a complex idea isn't it yeah because because watching a kid develop

00:02:03.080 these behaviors and develop these worldviews you realize that of course you start without any of

00:02:09.460 this and then you sort of cobble it together as we discussed with marvin minsky and society of

00:02:14.180 mind but yeah he's discovering like complex emotions now no it's cool man i mean my girls

00:02:18.940 went through pretty much the exact same thing and they like my youngest is uh four and she still

00:02:23.060 does the same thing like they were kind of okay on halloween but we'll go to canadian tire and they

00:02:28.240 have to see the they have to see the scary section but if i drive the shopping cart closer to it they

00:02:34.540 both freak out and start crying and wind each other up so yeah it is the thrill i think it's

00:02:40.000 like some dopamine thing that's working itself out there yeah you're already getting them hooked on

00:02:45.800 the dopamine hell yeah at this when they're newborns you're watching for every little thing

00:02:51.280 of course i'm sure we're not going to do that when the second one comes along no that's that's

00:02:56.140 what happened apparently that's what happened with me but my parents i was the first born they

00:03:01.320 focused a bit more on me they had so many photos and my mom joked about this the other day because

00:03:07.800 i think she thought i thought it would be funny because they had almost no photos of my sister

00:03:12.680 they just powerfully 0.99

00:03:15.180 gave 50% less of a shit with her 0.99

00:03:17.980 and I said 1.00

00:03:20.280 Christ Ma

00:03:21.880 okay I mean

00:03:25.700 why is it every time we meet

00:03:27.720 it's some confession

00:03:28.800 hey did you know that I'm awful

00:03:31.940 stop 0.81

00:03:33.140 thinking you're dying

00:03:35.820 every time you see me you must confess

00:03:37.580 something I was better not

00:03:39.760 knowing any of this

00:03:40.800 it'd be better if she didn't have a reason for the way that she is

00:03:46.200 now you say oh so you're responsible for this oh that was intentional oh okay thanks 0.94

00:03:52.460 it turns out if you just ignore a girl she becomes a militant lesbian i don't know i think figure it

00:03:59.740 did you catch the debate not even a debate discussion between Nick Land and Alexander 0.91

00:04:11.840 Dugan no well I mean no I tuned in just to look at their faces because I think they're both really

00:04:18.340 funny looking guys yeah well Dugan of course had very Russian internet the entire time and so

00:04:25.040 he was like vhs quality uh nick land had a better camera but he lives in a very dystopian

00:04:33.820 uh life yeah so he's just he has that like early 2000 he he was lit in a way that i didn't think

00:04:42.180 people lit themselves anymore which is dark room seemingly just glare of screen yeah i just i did

00:04:48.300 see that actually and it was uh that was funny between between him looking so like pale and sick

00:04:53.820 and and is cyberpunk and then dugan like you also even when the connection was there you can't really

00:05:00.180 understand anything that he says he does not have a strong command of english yeah and then there's

00:05:06.120 orrin mcintyre just looking powerfully normal just set up properly so it was like viewing three

00:05:13.820 different ideological worldviews represented by three different types of internet which i would

00:05:20.400 appreciate more i appreciate more panels took that into account because otherwise everyone's

00:05:24.620 got the same fucking like trans colors lit room in like a circular light around the webcam

00:05:31.380 um i watched nearly the entire thing it's it's like three hours long close to three hours long 0.96

00:05:37.980 yeah i made a comment on x i said this something like this is the super bowl for all the

00:05:46.840 alcoholic esoteric post fascist that i call my friends and i meant it because i never thought

00:05:54.880 something like that would happen and i think we can speak very uniquely to this because we've

00:06:00.500 covered quite a bit of nick land and ccru writings in addition as well as dugan uh there's probably

00:06:07.820 not a lot of people out there who've read both nick land and alexander dugan yeah it's a bit of

00:06:13.780 yeah there's not a lot of libraries that have both of those books in it so we're in a

00:06:19.040 we're in a good position to to talk about it and um we don't even spend a whole lot of time on it

00:06:26.340 because i know you just opened it up for two seconds i know what you did i know how you

00:06:30.900 operate you just had look at their faces physiognomy check and said nope

00:06:35.760 that's not good i appreciated how nick land had himself framed properly in this because

00:06:46.000 i'd mentioned this in our community i'd want nick land doesn't do a lot of interviews or panels

00:06:51.320 and one i had seen years ago there was some philosophy panel it was him and some other

00:06:56.420 philosophers debating something very deep and incomprehensible to most people but the way he

00:07:03.240 had his little blocks framed it very carefully cut off the top of his hairline like right at the

00:07:11.640 hairline and up so i look at that and i said okay you didn't want to wear a hat on camera you don't

00:07:19.060 like where your hairlines at whatever it is but this looks unreal trying to be sneaky with it 0.94

00:07:24.260 yeah he did that and then never moved his head he wasn't leaning back he wasn't fucking bobbing and 0.83

00:07:29.360 weave and he had to keep because he had to keep a level 0.70

00:07:31.360 the entire time right so he's more comfortable

00:07:33.420 uh in his skin

00:07:35.620 however

00:07:36.500 he's getting up there though I think he's like

00:07:38.860 60 70 because I remember what like his

00:07:41.280 early writings he was already in his like 30s

00:07:43.300 or 40s or something yeah yeah yeah

00:07:45.520 yeah he's getting up there

00:07:46.920 yeah do it of course you get a beard

00:07:49.440 that long and you don't need to do anything

00:07:51.220 he's actually not even that old either

00:07:53.220 that's that's his trick yeah I

00:07:55.300 think he's like in his 50s or something

00:07:57.220 but they be the same 0.99

00:07:59.280 age maybe maybe it'd be crazy to try that they had the same birthday so comparing fucking tony 0.88

00:08:06.760 hawk to bam margera and so bam margera looks 75 and tony hawk looks 32 but uh i went into it i

00:08:15.660 wasn't thrilled by it wasn't going into it because i noticed that the topic was going to be liberalism

00:08:23.000 and um i think there's four different speeds to nick land uh there's the stuff he published back

00:08:32.200 in the day like the first half of fanged noumena which we covered which was just essays on

00:08:38.860 kantianism and proper philosophical stuff then there's all the weird trippy stuff he does like

00:08:45.520 the ccru writings or the meltdown essay that's the stuff a lot of people like then there's the

00:08:51.660 essays he publishes in the compact magazine where there anyone could read them they're not 0.54

00:08:58.300 difficult or dense at all and then there's him on x where he's just complaining about minorities

00:09:04.700 and he's funny he's he's actually a funny guy so i'm like these four things people tend to like

00:09:10.460 one or two of them it's very rare that you take all of them uh together and so when i saw it and

00:09:17.240 say oh they're talking about liberalism i said why liberalism still yet again this guy's over

00:09:26.240 here talking about like baby's first youtube panel topic well because i i hadn't seen anyone

00:09:33.480 really interview nick land properly i've seen it a couple times yeah of all the guys to do a 0.65

00:09:39.740 fucking liberalism thing but like you there's so much that you could like oh man there's so many 0.92

00:09:45.260 things you could ask nick you can go like you can get into all this really fucked up esoteric 0.99

00:09:49.880 stuff he's into the kabbalah he's into numerous pneumograms and things like that and they kind

00:09:54.580 of get to it in this i was i was impressed by where the conversation went and all i'm saying

00:09:59.660 is that i went into this not excited about it because there's only like 25 guys in the world

00:10:07.720 that are going to be as excited about this as we are and you know the average person won't really

00:10:12.620 give a shit but i i liked i was impressed by how well nick land did and i was stunned at how poorly 0.85

00:10:22.420 dugan did i actually thought it would be the reverse because i know having said what i just 0.98

00:10:28.460 said about nick land let me give my assessment of dugan i've said i said this uh in a couple

00:10:33.940 vms in our community but um the thing about alexander dugan is you never know which dugan

00:10:39.700 you're getting you can listen to many of his interviews on different types of shows he does

00:10:45.300 quite a few of them when he's he sounds completely different when he's speaking to a leftist or a

00:10:50.620 marxist than when he's speaking to a far right person or even in or mcintyre's case uh what

00:10:56.420 would he call him i wouldn't call him a libertarian like a neo-reactionary libertarian type he's not

00:11:00.560 like far right in that sense but he's not he's not republican right but uh he speaks to everyone

00:11:07.060 differently so when he's speaking to leftists he's openly advocating for white genocide 0.83

00:11:13.220 he says the true enemy of mankind is the anglos the english like he minces no words and his hatred

00:11:20.260 for western europe and if you read his writings this becomes clear as well especially if you

00:11:26.580 translate it from russian and then when he's speaking to the guys like us all of a sudden

00:11:31.460 he's an ethno-nationalist all of a sudden he's like you know isn't the global south a problem 0.88

00:11:37.900 no he loves the fucking global south by the way this is a guy who made maga communism 0.96

00:11:43.600 this is more of a sponsored by the shadow government really oh was that him that yeah 0.98

00:11:49.280 oh yeah so just like a clown yeah so to him and i wouldn't begrudge someone like or mcadar who

00:11:59.360 interviewed him on his own just a one-on-one interview not that long ago and i wouldn't expect

00:12:05.620 most people to know this about him because when they look at dugan they say okay here is someone

00:12:11.400 who's popular and here's someone who says they don't like liberalism and here's someone who says

00:12:15.860 they don't like democracy even and that excites a lot of people and i understand why because we

00:12:22.200 reviewed his book we reviewed fourth political theory we've read some of his writing so you know

00:12:26.360 i'm not trying to cast any aspersions of people who engage with them but i'm like

00:12:30.040 i think it would behoove us from this point forward to realize who you're getting in bed

00:12:37.000 with when you have someone like this on your show he's very slippery he's very slimy he's going to

00:12:42.620 say because he is for all intents and purposes an op he's just trying to slither his way into

00:12:50.200 these spheres of influence say what he needs to say to raise his profile and smuggle in other ideas 0.97

00:12:55.800 that's what he's fucking here 0.80

00:12:58.020 for so I don't trust him if you want 0.99

00:13:00.040 to have Dugan on your show you

00:13:01.940 got to have the knives ready and I don't

00:13:03.900 think they got to this in the

00:13:05.580 interview I didn't see the variant I saw

00:13:07.960 around like four fifths of it

00:13:09.480 but at no point did Nick

00:13:11.900 Land say what he should have said which is 0.99

00:13:13.500 so do you want to kill all English 1.00

00:13:15.860 people because you said you want to kill all 1.00

00:13:17.860 English people you fucking faggot 1.00

00:13:19.720 you fucking loser moron 1.00

00:13:21.780 you hack fraud Dugan 1.00

00:13:24.100 that only absolute fucking 1.00

00:13:26.280 morons respect 1.00

00:13:27.660 the antichrist 1.00

00:13:29.980 you got me in a vendetta kind of mood

00:13:31.940 why didn't he say that

00:13:36.080 I don't know why

00:13:36.560 but Nick Land went in

00:13:40.400 with an Englishman's

00:13:42.620 scalpel here to

00:13:44.220 really

00:13:44.740 it didn't seem like a debate

00:13:48.440 even though they were

00:13:50.160 on opposing sides

00:13:51.080 and the liberalism

00:13:53.240 because you can't approach the liberalism discussion from these perspectives without

00:13:59.400 making it racial and they did make it racial at the start so here's how dugan who's how poorly

00:14:04.940 dugan did dugan in the past has said that the root cause of all our maladies is liberalism 0.95

00:14:12.540 international liberalism liberalism that is was created by the anglo race and exporter you've

00:14:19.260 heard this all before i swear to god within the first 20 minutes nick land got him to step back 0.85

00:14:25.980 from that position because land like because he he says what i agree now there's a lot that i don't

00:14:34.780 agree uh with nick land on or certain things i think people have the wrong read on but he is

00:14:41.980 engaging in a very interesting line of inquiry these days where he's actually mounting as good

00:14:48.840 as i've seen it a defense of just the anglo tradition the english tradition which you don't

00:14:54.940 see a lot of people do like he's actually in a lot of ways mounting a defense of liberalism or

00:15:00.000 english liberalism and but he makes the argument that it should be constrained to the english

00:15:05.160 people it's not something that should be exported it's not something that's bizarre i would not

00:15:09.580 have pegged him for for that kind of this is the stuff he gets to in his essays when he's when he's

00:15:15.220 writing for a general audience he's not getting in to the pneumogram stuff he's not getting into

00:15:20.080 sort of the esoteric tech futurist meltdown type stuff i encourage people i love that stuff and it

00:15:27.360 really gives you something to think about he has got uh he he actually runs runs towards where a

00:15:33.760 lot of um white people would run away from like one of his best quotes i thought was like english

00:15:40.120 is a language to do apocalypse with and it's sort of it's like when dr ricardo deshan talks about

00:15:47.000 the faustian spirit within the west like there there is something inside of us as europeans

00:15:54.920 that demands we enter into the unknown and into conflict with the universe and they dare to say

00:16:01.800 that we shouldn't apologize for that but there are strands where it persists and where you should

00:16:11.280 look for is again in social technologies i think you know what is what is the paleoliberalism that

00:16:18.020 persists in the modern world i think it's the internet i think it's cryptocurrencies i think

00:16:24.440 it's ai on the machine learning model to do with distributed neural nets the model for ai that's

00:16:32.360 again been explosively successful i think that those are liberal technologies they require a

00:16:37.640 liberal mindset to do with decentralization the empty summit that's what makes us unique and he's

00:16:43.560 doing it in a very different way i'm really reducing it here to explain it but that was

00:16:49.320 his position so he accepts that this thing the english people do isn't cut out for indians and

00:16:56.280 then he would he mentioned something well he said you know there's like a form of paleo liberalism

00:17:01.640 i believe and i've never heard that phrase before is that i don't think that this historical

00:17:08.280 outcome is something that's strictly inherent to liberalism and i think there is a defensible

00:17:14.600 notion of liberalism paleo liberalism that can be essentially defined in a way that is very very

00:17:21.660 different to what it has predominantly what the things that have predominantly happened in its

00:17:27.500 name but then immediately dude was like okay that doesn't make sense i'm like okay so i guess it's 0.82

00:17:34.600 not this internationalist globalist project that's ruining the whole fucking world you know i mean 0.61

00:17:39.160 like throughout the entire thing Dugan was just slipping and sliding he could not he could not 0.98

00:17:46.920 make a single fucking point that sounds to me like he was looking for an exit like he didn't 0.96

00:17:52.160 want to have to argue it and as soon as soon as somebody says something rational he's like oh 0.98

00:17:55.780 okay okay okay it's like all right but why are you here though but I do want to not uh I want

00:18:02.840 to give some credit for learning English of course like I'm not here you know I mean even

00:18:08.060 like Slavosh Zizek. I'm like, okay, English is not your first language and you have a speech

00:18:12.900 impediment. So we're going to meet you three quarters of the way here. And with Dugan, I'm

00:18:19.480 like, yeah, I get it. Like, it's hard to speak Russian your whole life. I got it in English,

00:18:23.880 but your mic still sucks. And, you know, stop trying to use so many words. Stop trying to use 0.99

00:18:31.800 many words that your mouth can't make yeah it's uh because even i i took clips from it and i'm

00:18:38.360 struggling i'm like if i play this i know most people are not going to be able to understand

00:18:43.480 what it is yeah now when we distribute that among all the population that is part of it

00:18:49.400 there's something extremely extremely uh awkward that is horrible that is the kind that inspires

00:18:57.400 the kind of uh kind of the sense of um we deal with something with something shameful something

00:19:07.240 or something uh completely uh opposite to the beauty to the dignity so we should not distribute

00:19:14.600 that uh among everybody else and being localized this uh individualistic attitude being being put

00:19:22.840 in that normal normal limits it could be very sympathetic and attractive but there was there's

00:19:29.160 this great moment where nick land like he's just explaining his worldview and he's explaining in a

00:19:35.080 way that's easily understandable and then dugan he was getting into his fourth political theory

00:19:42.040 and uh at first i thought i we had read the book that was released by arctos under that title and

00:19:49.080 And at first I thought, okay, it's an English translation.

00:19:52.580 You know, maybe I wasn't impressed by it,

00:19:55.600 but I thought maybe I'm reading it wrong.

00:19:58.700 Maybe it was published wrong.

00:20:00.480 And then he was explaining it. 1.00

00:20:01.940 I just, it occurred to me, oh, it is just retarded. 1.00

00:20:05.540 He just doesn't know what the fuck he's talking about. 1.00

00:20:08.380 And it's not because of his grasp of the English language 0.99

00:20:11.320 is what I'm trying to say.

00:20:12.700 It's not because, you know, it's such a complex idea

00:20:16.640 like eric weinstein trying to explain gauge theory or something or like when you know you

00:20:21.920 get these theoretical physics guys trying to explain to you what happens to time in a black

00:20:26.800 hole you know they can either explain it in a way that makes sense to them where it's like

00:20:31.280 well imagine an apple a delicious red apple and what happens if you split that if you put that

00:20:37.120 apple in the sink you know i mean like to the point where it even it doesn't even make sense

00:20:40.720 but it's just the idea itself is silly is a non-serious idea because if i had if i'd explain

00:20:48.840 to people i'm like his fourth political theory he admits i think outright in this interview that's

00:20:54.620 not a theory it's not actually a political system it's like it's it's the desire for a new form of

00:21:04.360 relativistic

00:21:05.980 organically generating

00:21:08.480 politics

00:21:09.840 it's just nothing

00:21:11.960 it's like we need to get rid of liberalism

00:21:14.400 so this new thing can emerge

00:21:16.360 what thing

00:21:17.620 your system can't

00:21:20.540 just be you saying we need a new system 0.99

00:21:22.640 but that's what the fucking book was 0.99

00:21:24.640 and so maybe that's just a bad book 1.00

00:21:26.380 no it's a bad idea that lives in his fucking 1.00

00:21:28.580 head because he's a 1.00

00:21:30.540 moron 1.00

00:21:31.160 I'm sorry but here's the thing 0.97

00:21:33.640 like i'm not saying that he hasn't read a lot of books alexander dugan is a student of philosophy

00:21:40.260 yes i'm sure he's a master of history he's citing historical events from russia yes i get it but you 0.99

00:21:49.800 can have a command of all the facts and be a fucking hack fraud moron that's what i'm trying 0.99

00:21:55.680 to say i just need you to accept that idea yeah yeah that you can have access to all the wealth 0.99

00:22:00.440 of knowledge and that's your entire career

00:22:02.540 in your life and you still come 1.00

00:22:04.420 out with a fucking nasty 1.00

00:22:06.640 queef of an idea 1.00

00:22:07.940 just emanating from your mind

00:22:10.540 which is that we need a new

00:22:12.620 thing we need a new spirituality

00:22:14.320 can you imagine someone saying that

00:22:16.200 can you imagine sitting in a room with someone

00:22:18.520 who says we need a new spirituality

00:22:20.120 and gives you no other

00:22:22.100 information

00:22:23.040 that's what he's doing but then he's doing

00:22:26.520 in such a way that as I said before

00:22:28.300 it's very slippery and slimy where it's like

00:22:30.320 I can I suspect you know what you want to do you're just not saying it because you're talking

00:22:36.920 to me right now Nick Land did a better job of defending liberalism than Alexander Dugan did 0.86

00:22:44.360 defending that Russians should exist yeah I'm like this is this is the guy this is the best

00:22:53.400 you got I'm gonna say like Russia I got nothing against Russia you got to find another guy I know 0.95

00:22:58.400 they're going to say doom is not their top guy but you need that i don't know that yeah over in

00:23:03.840 new york over in la and toronto we don't know that i remember things matter first hearing about him

00:23:09.100 like must have been it's got to be almost 10 years ago now and he was like seemed like he was some

00:23:14.180 kind of a parallel dissident philosopher but if anything he's like a state philosopher like he's

00:23:23.400 tied very closely to their intelligence apparatus and to their government like he's more like a

00:23:29.200 like i don't know how mainstream he is over there but he strikes me as just kind of a paid 0.54

00:23:34.940 mainstream clown who goes around and you know does the whoever's bidding yeah so he's a he's a

00:23:44.400 philosopher in the same way that milo yunopoulos is a philosopher yeah yeah there you go i bet 0.82

00:23:49.800 Myles read a lot of books. He talks a lot about

00:23:52.020 being Catholic right now, but

00:23:54.040 there's some other game they're

00:23:56.060 playing. I would put

00:23:57.280 I wouldn't even put Dugan

00:24:00.240 in the same realm as someone like 1.00

00:24:01.940 Zizek, just to let people know this isn't

00:24:04.180 just a leftist thing. I think Zizek

00:24:06.120 no matter what you think about him, I really

00:24:08.200 do think he's a philosopher.

00:24:10.660 The problem with Zizek, of

00:24:12.220 course, is that he's published

00:24:13.740 50 books.

00:24:15.860 I don't trust anyone that's published that many

00:24:18.100 books.

00:24:19.800 I would rather a very serious philosopher publish one book in their entire life

00:24:24.740 than a prolific guy writing 50 books.

00:24:27.920 That makes me suspicious.

00:24:29.040 That tells me, oh, you've monetized your opinions.

00:24:32.940 Yeah.

00:24:33.960 During COVID, you published two books on COVID.

00:24:37.360 I don't know about that.

00:24:38.580 You're in the economy of takes now. 0.99

00:24:39.760 Ironically, publishing a book is the only way Zizek can come.

00:24:44.600 Like hyper-capitalism is apparently the only way he can do anything.

00:24:47.840 like okay you're a Marxist but

00:24:49.560 you were like the only guy

00:24:52.200 out there within that field who's churning out 1.00

00:24:53.920 so much slob for profit 1.00

00:24:56.260 you fucking asshole 1.00

00:24:58.240 like I challenge these 1.00

00:25:04.020 highly

00:25:05.100 these learned and these esoteric

00:25:08.080 Marxists to not be

00:25:09.440 the worst example of

00:25:11.340 an idea tycoon

00:25:13.180 yeah exactly

00:25:14.680 so I probably wouldn't even put Dugan in that realm 0.85

00:25:17.800 because i'm like okay i see what z6 doing it it seems honest dugan seems fundamentally dishonest

00:25:25.040 to me and everything he does and so i don't i don't know how you can talk to him in a non-adversarial

00:25:31.440 way nick land regardless of what you think about it he's serious about what he talks about

00:25:36.000 and he has the and because he understands it so well he can explain it to someone who's like

00:25:43.680 an Ornn McIntyre listener. And that's

00:25:45.620 no slight against Ornn McIntyre, but he's got 1.00

00:25:47.660 an audience that has never been exposed to this shit. 0.99

00:25:50.400 You know what I mean? I remember 1.00

00:25:51.760 seeing Curtis Yarvin

00:25:53.140 appear on shows like

00:25:55.540 Tucker Carlson or even

00:25:57.700 Tim Dillon's show. That was a fun one.

00:26:00.620 We're not great

00:26:01.740 admirers of Curtis Yarvin, but you can understand

00:26:03.980 what he's saying.

00:26:05.440 I noticed in the comment sections

00:26:07.700 of these episodes, people just don't know what

00:26:09.680 they're saying. They say it's a word

00:26:11.820 salad like to them it's just gibberish i'm like okay it's not look we disagree with it but i

00:26:17.300 thought at least most people could understand it but they're actually from a lot of people

00:26:22.720 there's a big filter there that they just can't get through so we'll see i think the feedback on

00:26:30.160 that interview but what i'm saying is that nick land can actually get people through that filter

00:26:34.320 dude and can't he can get out of his own get out of his own way and and actually explain things and

00:26:39.880 like foreign audience yeah and they got to another couple interesting parts throughout the debate

00:26:45.880 and the reason i'm explaining this is because this these are things that we've talked at length

00:26:50.040 about on the show you kind of gotten the idea of hyperstition um okay and they got they really

00:26:57.160 actually got into sort of the entities the paranormal stuff almost and uh he didn't really

00:27:03.640 get that deep into it because i don't know how literally he takes a lot of it so for people who

00:27:09.000 who didn't know i might have done a bad job explaining this in the past but so hyperstition

00:27:14.420 the way nick land uses it the way i've seen him use the most uh it's this idea that uh it's like

00:27:21.460 a fiction that manifests itself into reality it's something fake it's something unreal that becomes

00:27:28.480 real by some force or process i think the example is always like a story that kind of becomes real

00:27:36.980 in real life right um and and so someone would ask the question well how is that different than

00:27:43.260 a self-fulfilling prophecy you know some and then you say no well that's that's you predicting the

00:27:49.100 future hyperstition is again through some unknowable process i suppose something that you

00:27:57.020 say like an idea that manifests itself like it's an organism goes from the realm of the unreal to

00:28:01.760 real and then okay interesting seems like it might be just over complicating uh a naturally occurring

00:28:10.080 phenomena but we'll go with you down that road the question then becomes well what is that process

00:28:16.400 where does it come from what do you mean what like what is that force what is driving that force

00:28:21.440 and this is where he gets into you know entities and stuff like that and i re realized just

00:28:27.280 recently that i think the entire concept of hyperstition was pulled from fiction which

00:28:33.680 wouldn't surprise me at all because all those ccru guys were just people who took william s

00:28:40.400 burroughs too seriously yeah and said maybe this is philosophy right bad idea and it was it was 0.99

00:28:47.840 just a bunch of like stoner university students anyways ccr you a lot of them were professors 0.97

00:28:53.200 what the fuck is a professor 0.99

00:28:56.520 if not a stoner at a university 1.00

00:28:58.100 yeah these are all guys doing drugs

00:28:59.860 and just getting really into fiction and movies

00:29:02.460 and things like that

00:29:03.340 and saying well maybe this is philosophy

00:29:05.640 and William S. Burroughs is

00:29:07.860 I think a really bad guy

00:29:10.380 why not do Faulkner

00:29:12.180 just try something good

00:29:13.840 so the idea

00:29:16.460 of hyperstition

00:29:17.420 in this context was

00:29:20.300 like the future

00:29:22.480 manifesting itself by communicating back to the present which is also the plot of interstellar

00:29:28.340 if people remember that there's actually a lot of examples of this sort of idea in fiction that

00:29:35.120 the and i'm getting into this into a future um future uh vanguard's journal article but it speaks

00:29:42.980 to uh how in my view europeans understand time as highly spatialized and i think this separates us

00:29:52.060 from other cultures other tribes civilizations everyone call them is that we tend to view the

00:29:58.800 future as an undiscovered country or the future is a place where beings or entities inhabit that

00:30:06.760 we want to either travel to or that they can speak backwards in time and influence us and we discussed

00:30:15.100 uh the collinses before you know that odd couple yeah the pro natalist couple like they they've

00:30:21.980 said that their entire religion and they really mean this their spirituality is themselves their

00:30:29.900 perfected selves in the future sort of drawing them towards them so anyway that was the idea

00:30:36.780 that you know hyperstition is something that's fake things real but also where does it come from

00:30:41.660 well it's messages sent for the future and this is where nickland gets into like kabbalah

00:30:47.100 and numerology and shit that there must be some way to scientifically or i don't magically

00:30:54.220 understand this process but you know i'm with it i like when i hear the idea that it's a fiction 0.63

00:31:01.260 that makes itself real then you start thinking of like the new sphere you start thinking of like okay

00:31:06.460 I can go with you on that, but I need more.

00:31:09.860 And the question is whether or not that phenomena would come from without or within.

00:31:15.920 And I'll just give you a counter example of what I mean by that.

00:31:19.860 You know, I was discussing this with Stormy Waters all those episodes ago.

00:31:23.920 This is his big thing.

00:31:25.820 You know, his line that he loves is, I'm going to butcher it, I'm sure, but bodies without

00:31:32.560 consciousness will eventually fall prey to consciousnesses without bodies something like

00:31:37.900 that um so the and in in the interview that we did he was discussing certain experiments and

00:31:45.260 certain um stories he had read about you know telekinesis basically is there some

00:31:51.040 quantum connectivity between people is there certain ways to transmit

00:31:57.220 you know thoughts certain ways to transmit memories even and maybe it's not to everyone

00:32:04.220 maybe it only works intra-racially things like that you know i don't need to go over the whole

00:32:08.300 thing but i guess this would be the inverse and we were talking before that these fictions these

00:32:15.100 ideas manifest in themselves as real things in reality it can come from you know extra dimensions

00:32:22.040 or the future or an idea can emerge in the human mind and then through some maybe not mystical

00:32:30.300 let's say a quantum process it can propagate throughout your kin network and then it reaches 0.96

00:32:36.920 a critical mass like a fucking tulpa that's some subconscious tulpa that emerges and uh you know 0.96

00:32:46.160 that's what i remember what we're talking about i forget the guy who made that book the black swan 0.97

00:32:52.000 nasim talib oh yeah just back to the topic of spatialization i remember when he was describing

00:32:59.380 black swan events he had said imagine a field it's always a field it's always a terrain he said

00:33:05.380 there's you know things there's known unknowns and known knowns and unknown unknowns there's all

00:33:11.220 these there's things we know are to be discovered out there we just don't have them yet and we're

00:33:16.460 in a race to do that let's say quantum computing let's say perf is was it zero zero sum alternative

00:33:25.180 energy that's not it but like the perfect alternative energy right whatever it is um so

00:33:30.600 we're pretty sure that's out there and we're just trying to find it and it these things yearn to be

00:33:36.940 discovered you know if it's not you it's going to be someone else so the moment we kind of know

00:33:42.700 about something politically just nationally every nation's racing towards it but also individually

00:33:49.540 like we're aware of other planets and there's certain groups that are going to be pulled

00:33:53.940 towards that just based on that knowledge and that knowledge creates ideas and kind of propagates

00:34:00.800 like a network and then becomes a mission that becomes a thing so i'm like but all of that that

00:34:04.680 does not involve a transmission from the future it involves something emerging within us

00:34:11.020 individually that becomes collective through some psychic quantum gobbledygook basically i'm not

00:34:18.720 saying i believe that but i'm like well why not that why does it need to be angels why does it

00:34:24.940 need to be future perfected beings you see what i'm saying like i'm taking yeah like we want to

00:34:30.460 talk about what it could conceivably be without saying what it is either the options are infinite

00:34:36.040 it could be it could be practically anything right you're looking at the gaps there but

00:34:40.320 to step out on a limb and say it definitely is that is yeah because one i know nick land um

00:34:48.100 they're both kind of circling this point of saying that you know his model removes most agency

00:34:55.220 from us that we are subject to forces and intelligences beyond our control whether

00:35:02.800 we're looking at the biblical frame or we're looking at the critical philosophy frame

00:35:06.660 we're led in both cases to a to a critique of the standard common-sensical model of progressive

00:35:19.840 temporality and everything that follows from that in terms of our notions of agency

00:35:24.820 our notions of historical process our notions of uh the outside and and whether the the actual

00:35:35.480 deep influences on historical process the notion of uh common ordinary human agency

00:35:44.780 as something that is basically affecting a causal process

00:35:49.860 from the present on the future

00:35:51.540 and therefore will bring about whatever future is volitional

00:35:54.960 for those subjects, that they're in a position

00:35:57.100 where basically how the future turns out

00:35:58.980 is being decided now by us.

00:36:02.300 That's obviously theologically and critically disruptive

00:36:06.760 by these two frames.

00:36:09.660 I think the other model, the counter model that I propose

00:36:12.360 is like, no, that affords ultimate agency.

00:36:14.780 to us um or not you know ultimate because i don't it wouldn't rise above god you know however or

00:36:22.840 maybe some other larger power whatever it's not trying to get into a christian thing here but i'm

00:36:27.180 like you know it makes you less of a slave to malevolent in malevolent intergalactic forces 0.95

00:36:34.560 you know like is there a way to do this where we're not getting into sci-fi shit yeah there's 0.82

00:36:40.100 this one part that i found really interesting where they're talking about time now both of them

00:36:47.180 seem to understand and we've discussed this that people's concept of time especially the secular

00:36:54.680 humanist view of time which is you know what you get from your stephen pinkers your ray kurtz wiles

00:37:01.720 this idea that time is sort of a linear if jagged upward trajectory everything's moving forward

00:37:09.600 in one direction that direction's up you know things are so much better now than they were

00:37:14.700 500 years ago right so they reject that um the one thing dugan represents is and he wouldn't

00:37:23.360 admit to this but i think this is true uh an appeal to relativism which he would deny because

00:37:30.740 he says relativism is a creation of liberalism right but they were talking about time and

00:37:38.220 and land was saying that you know there's this concept of time that we inhabit which we it

00:37:46.600 isn't that sort of secular humanist time but it is

00:37:50.840 julian made a good point where he said that there's made different well first of all he said 0.81

00:37:57.300 something stupid which is there's many different types of time you know i mean and then so sort of 0.77

00:38:02.140 plurality of time he says we just settled on a zoroastrian form of time with and he said our 0.99

00:38:08.780 concept of time requires good and evil i said hmm go on and he said within the christian

00:38:17.420 worldview we're actually on a reverse linear we're on a linear time but we're going down we

00:38:22.540 started in utopia and we're descending towards chaos toward we're in a fallen state right now

00:38:29.100 i'm like okay that's it's interesting the claim that for linear time to be so prevalent you need

00:38:36.780 good and evil or ordering chaos in coming to the the uh from the top to the bottom so that is

00:38:43.820 declining time so the time that is going from the paradise to the hell and in that sense i recently

00:38:50.140 i have recently discovered your concept mr land about uh generative wretches so there is something

00:38:57.740 in this linear time

00:38:59.960 seen from

00:39:01.440 from evil points

00:39:03.540 of view as some 0.99

00:39:05.420 degenerative wretched. Something that 0.98

00:39:07.600 you could not reverse. You could not

00:39:09.480 return the tradition because you are obliged

00:39:11.640 to get only one way down.

00:39:13.920 So that is the kind of attraction

00:39:15.760 of the Paul of Antichrist

00:39:17.540 in the history. But

00:39:19.620 the end of this 0.99

00:39:21.600 degenerative wretched 0.78

00:39:23.720 as you have pointed out as well

00:39:25.360 could not be achieved

00:39:27.340 coming back because there is no way.

00:39:30.180 It's linear time.

00:39:31.380 It's metaphysical time.

00:39:32.400 It's very important time.

00:39:33.880 But we need to, not to reverse this line,

00:39:38.480 but we need to say no to this process,

00:39:42.280 to this modernity, to this trajectory.

00:39:47.000 And he was saying that there's other valid forms of time

00:39:50.200 that don't do that.

00:39:51.140 And this is where, this is why I like what Nick Land's doing

00:39:55.760 because I'm like, I'm no longer really trying to escape the liberal frame of mind

00:40:03.380 because no matter where I think Nick Land might be going wrong,

00:40:08.220 at the end of the day, he's still trying to figure out what he believes

00:40:11.800 to be a single scientific truth.

00:40:15.940 And Dugan would reject the idea of a singular scientific truth

00:40:19.980 because, okay, what is liberalism?

00:40:22.560 real bloods out there will know this when we discussed uh the history of scientific revolutions

00:40:29.200 great book and also uh the crisis of the european mind by paul hazard good books read back to back

00:40:36.360 what is liberalism well you trace its roots to the enlightenment right but if you're going to do that

00:40:41.520 you need to trace its roots to the scientific revolution which was around a few hundred years

00:40:47.120 before that a few centuries before that right then if you're doing that you're looking at what

00:40:52.480 the scientific revolution was well then you might as well trace it back to the greeks as well these

00:40:57.280 roots actually go very very deep but in the crisis of the european mind paul hazard paul hazard if 0.86

00:41:06.400 i'm slurring my words like a fucking oaf he was showing how the enlightenment was growing at the 0.75

00:41:13.920 scientific revolution and that was based on a very specific type of european arguably ang 0.98

00:41:22.400 anglo inquiry what was the drive of the scientific revolution to take things apart to figure out how

00:41:28.640 they work that's what it is is the belief that we can investigate the universe and understand the

00:41:33.920 forces of the universe we can take things apart and figure out how the mechanisms work and that's

00:41:38.720 all was it was just extreme inquiry into the universe and this is why it had no problem

00:41:45.120 existing within a christian framework right it was only after as and then that fed into the

00:41:51.520 alignment where that sort of inquiry developed in a myriad of different ways then it mutated

00:41:58.240 into what we know is rationalism and that which is not rationality it's a different thing it's an

00:42:05.040 ism and what that meant was that we can take the scientific inquiry and deploy it against every

00:42:12.560 dimension of the status quo that's what it was and it up until that point it wasn't a social critique

00:42:19.200 it wasn't something to use to dissect the family it wasn't something used to destroy society which

00:42:25.520 is what it ended up becoming and that's where he had this sort of sort of relativism but you know

00:42:32.880 there's a lot of good things that come out of individuality like you have to tell me how the

00:42:40.240 idea of agency exists without individuality it doesn't right how many how many people under

00:42:47.280 space talk about we need more high agency people we need to you know there's people without agency

00:42:52.960 those are the global south types and there's us the aristocrats who have like what the

00:42:58.160 fucking personal agency is that emerges from individuality so you can't mount a rebellion 0.92

00:43:03.360 against individuality now of course there's extremes there but realize when someone like 0.99

00:43:09.120 dugan is trying to tear this thing up by the roots he's trying to make you into a that is

00:43:16.720 fascinated by shiny spoons yeah and i just believe i believe that we can put our heads together 0.98

00:43:24.800 and solve this lgbt thing without becoming a bunch of niggers and trance by shiny spoons 0.98

00:43:33.060 would you agree with that yeah yeah absolutely and so what i was noticing with nick land was like 0.92

00:43:40.240 at the end of the day this was this was like worlds collide it was an eastern and a western

00:43:44.500 or as trippy and wild as nick land's ideas are i do see something inside of it which he's trying

00:43:52.460 get to what he believes to be sort of a fundamental scientific truth and there's one truth that's kind

00:43:58.540 of like a western belief that there's one truth behind everything whereas the relativist the east

00:44:04.940 the dugan saying like no there's why can't there be a bunch of different types of time why can't

00:44:09.260 every person have their own time have their own thing when i hear that there's something within 0.98

00:44:13.980 my corrupt white soul that says shut up shut up you know we can all we can all do whatever we want 0.98

00:44:21.420 no be right be right you know i mean like at least believe that there's such a thing as being right 0.99

00:44:28.000 yeah believe that there's such a thing as a wrong way to go about this and he wouldn't agree with

00:44:33.360 that so no it's just we must let a million flowers bloom i'm like well okay i want to let a million

00:44:40.000 flowers bloom in the interest of finding the 10 000 best flowers and then burning the rest

00:44:45.180 and maybe you don't understand that i i get that you don't understand that

00:44:53.860 he hasn't learned enough english to understand that but it's also like that's that's opposed

00:44:58.360 to his his worldview you know i mean ironically this is the guy who apparently hates liberalism

00:45:03.940 i know exactly but like i i think to to excise the elements of liberalism that

00:45:12.420 harangue us at every turn you need to understand what liberalism is and someone like dugan

00:45:19.400 i think he can't even escape his liberal priors you know i mean like i hear these guys mention

00:45:25.860 traditionalism they'll gesture towards traditionalism and i'm like okay what is that 0.99

00:45:30.540 forgive my fucking my angle corruption right but what the fuck do you mean to my tradition 0.99

00:45:37.460 just old 0.99

00:45:38.780 something that's carried on

00:45:40.840 I don't hear them ever describe

00:45:43.660 because I'm a traditionalist

00:45:46.080 as well but

00:45:46.940 there's some traditions that are better than others

00:45:49.480 how do you tell which is which

00:45:51.900 but he's just kind of

00:45:53.800 it's like branding

00:45:54.700 there's the new and the old

00:45:57.800 for me I like the old 1.00

00:45:59.020 there's some old stuff that sucks motherfucker 1.00

00:46:01.360 I know you're trying to 1.00

00:46:04.660 oh look at me I'm Rasputin

00:46:05.900 Rasputin was a guy that people

00:46:08.000 respected, did they?

00:46:09.720 Did they?

00:46:11.920 He has literally said that too

00:46:13.940 look at me, I'm Rasputin

00:46:15.300 He said, look at me

00:46:17.360 look at me, I am Rasputin

00:46:20.040 I hate liberalism

00:46:24.000 what we need is a form

00:46:26.160 of total relativism

00:46:28.560 Oh really?

00:46:30.320 Thanks. What a cool theory

00:46:32.480 What a smart guy 0.93

00:46:34.300 this is i bet if we knew russia he'd be dumber that's why i heard people say that he's not that 0.50

00:46:40.280 big in russia i don't know who to believe well i mean it kind of makes sense now right give the 0.91

00:46:46.640 russians some credit well here's the thing apparently they can't support him because

00:46:53.060 otherwise he wouldn't be doing all these podcast tours otherwise he wouldn't be trying to get on 0.81

00:46:56.580 every other fucking yeah it does seem like he's always over here making noise right like even the 0.79

00:47:01.620 fact that a literal russian op is they came up with mega communism why do you get to get make 0.98

00:47:07.180 up mega anything you have no relationship to the to america like it's just i just want to tell him

00:47:13.200 like hey um communism isn't that popular here you can try and do communism but you gotta call it

00:47:20.060 something else but if you just say hey i'm a trump communist everyone's gonna look at that

00:47:25.720 as incomprehensible like it doesn't make any and also it's completely incoherent like there's that

00:47:32.120 guy the guy has who's like the main advocate of it i'm like what does it mean anything like what

00:47:37.860 do you mean what what it's like masculine we're not you're we're not woke okay like but are you 0.96

00:47:44.420 really a communist yes no like what is this it's it's silly anyway we just spent like fucking 45 0.89

00:47:51.520 minutes on a debate um we need to get something to get something pretty serious here oh no it's 1.00

00:47:59.980 a bitch watch in a way you know what it is you think about it bitch watch 1.00

00:48:06.940 have you heard that macron's wife's pussy has been on trial i heard about that yeah 1.00

00:48:15.780 yeah i've been watching this story like a hawk 1.00

00:48:19.900 and there haven't been that many developments unfortunately yeah they like they what is it

00:48:26.820 she had to show the judge she had to flash the judge but then pretty much name of it

00:48:31.500 the claim is that she's provided evidence that she's a woman i haven't seen him yeah you gotta

00:48:38.960 show all of us that's how it works this is the people's trial this has to be televised

00:48:43.820 these people over there in france they don't know how to do a public trial they don't

00:48:50.440 they don't know how to do a kangaroo court if this was on trial in america you'd see 1.00

00:48:56.900 that pussy and asshole blasted 24 that's in the 24-hour news cycle now yes it's never saying 1.00

00:49:05.940 what can i do about this you gotta wait it out you need to give this at least 24 hours until 1.00

00:49:11.600 they get tired you get some plastic surgery down there so they don't recognize you who's been on

00:49:16.340 this beat is uh candace owens did you hear that just yeah i heard that yeah all right so candace

00:49:21.240 owens has just decided that this is her scoop i tell you she's gonna take any scoop that's out

00:49:29.420 there i think i respect it i respect a hustle in any direction you know what i mean all right just 0.99

00:49:36.740 you're going whatever's there it's it's fucking ufos it's the jews or lizards it's she's very 0.98

00:49:43.540 like into this and i don't know what other connection she has to french 1.00

00:49:49.240 to french politics 0.99

00:49:55.920 like her whole fucking life is just so made up okay let's see what she has to say he's a child 1.00

00:50:02.680 And this is a very creepy, sadistic story. 1.00

00:50:06.000 The press lied about that earlier story.

00:50:07.760 I mean, even the press in the beginning even said that Brigitte Macron was this irresistibly hot teacher,

00:50:12.400 comparing her to Claudia Schiffer.

00:50:13.700 And then when Xavier and these journalists got documents and, like, you know,

00:50:18.220 pictorial evidence of what Brigitte looked like, she looked like a man in the middle of a transition.

00:50:22.580 Which is a great way to start, which is that we were told that this was a pretty woman.

00:50:28.360 and my sources indicate that she's busted

00:50:33.120 she's busted now she was busted back then

00:50:40.640 what even is this she looks like maybe she's just not a good looking gal i don't know i don't know

00:50:49.260 which way i'm going on this but it's just like i see a photo of her she's not pretty oh no she's

00:50:54.420 awful she's and it's not just the age too like you see the structure of her face and body so you

00:51:00.500 tell me what you know about this because i don't know nothing about it i i know she's far older 0.98

00:51:05.080 that was one thing is he like she married him when he was like a teenager or some weird shit

00:51:10.300 and people are like oh it's normal in france like all right well that's not helping but

00:51:14.240 but then you just i mean i'm just saying you look at her you look at the old photos of her 0.95

00:51:18.700 they try to do some glamour shots and shit 0.90

00:51:20.940 and it's like 0.98

00:51:21.820 it looks like

00:51:23.380 she's wearing a wig

00:51:25.240 yeah

00:51:26.100 okay you know what

00:51:29.220 I am seeing a Jean-Claude Van Damme

00:51:32.980 sort of structure to her face

00:51:34.540 it's not good

00:51:37.220 you're not supposed to have that

00:51:39.100 okay

00:51:39.440 she's got a big head too

00:51:42.820 that body

00:51:43.520 she's got a big man's head 0.98

00:51:46.360 it's all wrong

00:51:48.100 I'm looking at the BBC.

00:51:49.180 This is Maine International News.

00:51:50.360 Macron's to offer, quote, scientific evidence to U.S. court to prove Brigitte is a woman, lawyer says.

00:51:58.000 Emmanuel Macron and his wife, Brigitte, are planning.

00:52:01.960 I mean, I just I love law.

00:52:04.540 I love courts are planning to present photographic and scientific evidence to a U.S. court to prove Mrs. Macron is a woman.

00:52:12.180 The lawyer says the French president and Ms. McCrone present the documentation in a defamation suit they've taken against Candace Owens after she promoted her belief that Brigitte McCrone was born a male.

00:52:24.940 You know, to be fair, she didn't, from the clip I saw, she didn't say that she was born a male.

00:52:31.180 She said she looked like a man in the middle of a transition. 0.93

00:52:35.360 You know, this could all be interpreted as just saying she's ugly. 0.93

00:52:39.080 It could be. 0.95

00:52:39.940 I'm not taking a side on this.

00:52:42.180 i want this drawn out for as long as it can be drawn out for the crones learned the case tom

00:52:49.380 clare said mr coin had found the claims incredibly upsetting and they were a distraction to the

00:52:54.420 french president okay just as an aside candace owens is not the first person who said this

00:53:01.220 oh no this this has been floating around forever she just picked it up i thought that was the point

00:53:05.300 of your comment earlier that she just decided that this was her scoop as if we haven't all been

00:53:09.700 saying it for well that's true yeah just like canister's got to everything last you know like

00:53:16.980 she just gets to every talking way once it's kind of safe to talk about but the idea of someone just

00:53:22.100 hearing about that is kind of amusing to me like whoa whoa whoa whoa this is a

00:53:28.260 she does talk like that too i have this image of kennis owens just ratchet as

00:53:41.300 in their home with her white husband and flip-flops and shorts and just yeah 1.00

00:53:48.580 you think that bitch is a eating crab on a carnival cruise crab off a frisbee 1.00

00:53:58.260 eat fucking cereal and milk with their hands 1.00

00:54:01.220 have you seen that have you seen i think black people are trolling us 1.00

00:54:08.660 but i've been watching i think i think everyone's seen at least one of these 1.00

00:54:12.520 where it's like they put a fucking camera coming up at the table and you're just watching a black 0.98

00:54:18.000 family eat but it's like an african family and so they just dump stuff there and stuff and they're 1.00

00:54:25.100 all just like ravenous animals descending upon and eating it with their hands i don't know man 0.91

00:54:31.060 i i have seen those and i it's one of those things where sometimes i think stuff is just put on to

00:54:37.080 to i don't know to troll us but why would you but why like i don't i don't get it yeah because

00:54:44.720 it's also they're like whooping and hollering like chimpanzees the entire time and i'm looking

00:54:50.620 of this like okay i'm a racist of course i'm a connoisseur of this sort of thing i'm like

00:54:56.940 this is too much there's no way you actually do this there's no way there's people this 0.99

00:55:04.260 niggerish out there come on um speaking of the bbc uh the tom said the macrones 1.00

00:55:11.780 said there's a distraction i don't want to suggest that somehow it's thrown him off his game but just 0.99

00:55:16.740 like anybody who's juggling a career and family life as well your family's under attack it wears

00:55:20.980 on you that's an interesting implication because if you sue and can so is that it seems to imply

00:55:26.540 it's really getting to you would that undermine your entire presidency like this is what you're

00:55:31.620 spending your time on getting scientific evidence of your wife there's gotta be a better way to do

00:55:37.920 this how do you prove a woman's a woman what would you do probably what they're doing hey look you 0.68

00:55:44.360 could why not just do a

00:55:46.100 DNA test

00:55:47.260 right like I'd be satisfied with the DNA 0.98

00:55:50.360 test you just say she's ugly like

00:55:52.320 the whole thing about like here's here's photos of 1.00

00:55:54.380 my reconstructed vagina like that actually 0.96

00:55:56.480 proves less than a DNA test 0.99

00:55:58.140 I think the way to do it

00:56:00.460 would be that she actually

00:56:02.560 takes the full on

00:56:04.260 frontal view of 0.99

00:56:06.320 her vagina but photoshops 1.00

00:56:08.660 in such a way where it looks like she's 1.00

00:56:10.460 taking it herself and standing in front of it

00:56:12.440 and it has to be placed on the arc de triomphe and it has to be judged publicly and there needs

00:56:20.380 to be three to five filters on it there's gotta be like we're gonna look at the negative space 0.99

00:56:27.840 around this it's not the actual organ it's what she's doing to the photograph you bitch 0.97

00:56:34.080 using some girl logic oh we're gonna need some evidence why don't you give some evidence say 1.00

00:56:39.220 you're a woman uh the order order that's stupid you're the best judge order order that's order 1.00

00:56:49.340 shut up bitch shut up you man bitch just like throwing the case there's got to be evidence of 1.00

00:56:58.600 judges being drunk you know what i mean that's just rocking yeah or thrown thrown cases it's 1.00

00:57:04.440 like i'm not saying you're guilty but if you were here's what i'd say guilty

00:57:09.240 i'm sorry can't take it back i was doing a bit but once it goes down it's it he took the note

00:57:16.120 yeah sorry better luck next time yeah the guy we call that the reverse psych

00:57:21.820 you know you're trying to do a psych which i can't it turns out i can't do psych 0.99

00:57:25.940 you're going to the rape factory 1.00

00:57:30.660 the american prison system you're going to the house of mirrors with a naked black guy in it 1.00

00:57:40.140 and there's no exit

00:57:42.580 and the guy's not movie just standing there with his eyes closed what is this

00:57:49.480 because now it's on me now i'm walking through this i don't know

00:57:53.800 where he begins and the reflection is what if i actually walk into him then what happens

00:57:58.560 yeah then i'm the aggressor yeah i guess no matter how you slice it that wouldn't be a lot 0.97

00:58:03.900 of fun wouldn't it wouldn't be a nice place to hang out that would be the smart way to rape 0.99

00:58:09.140 someone you know the worst part of that would be the indignity the worst part would be the hypocrisy 0.99

00:58:16.180 yeah the hypocrisy 0.70

00:58:17.780 that there's 0.99

00:58:19.880 like a rapist

00:58:21.960 who thinks he found a bright idea 1.00

00:58:24.160 he's like I'm gonna stand naked

00:58:26.240 in Times Square in the middle of the day

00:58:28.320 wait for someone to bump into me

00:58:30.360 and I'm like what do you want what am I supposed to do 1.00

00:58:32.620 I'm supposed to fucking rape 1.00

00:58:34.220 they'd started it 1.00

00:58:36.400 he's just

00:58:40.320 some woman brushes up against you

00:58:42.420 just yelled no backsies

00:58:44.180 and pounce 1.00

00:58:44.860 everyone's just kicking your ass 1.00

00:58:47.400 and you're pissed off 1.00

00:58:49.500 as you're getting your head caved in

00:58:53.020 aww I should have done this at night

00:58:56.180 do you want to hear what Dugan had to say about it?

00:59:01.200 about Brigitte McCrone?

00:59:03.440 really? okay

00:59:04.520 I had to double check to make sure this was real

00:59:06.560 that was actually published by RT

00:59:08.540 and it looks to be here

00:59:11.560 we've got 3.3 million followers

00:59:13.120 so Dugan

00:59:15.520 quote Brigitte Macron being a

00:59:17.520 woman might make things worse 1.00

00:59:19.420 I tell you what

00:59:23.660 a real man can admit when he's wrong

00:59:25.800 I think I'm coming around at Dugan

00:59:27.660 he praises Candace Owens

00:59:29.540 for helping conservative consolidation

00:59:31.260 in France

00:59:32.620 I don't know why Dugan would claim that

00:59:35.020 I don't think he likes conservatives

00:59:36.460 here's the full quote

00:59:38.380 even if Macron's wife turns out to be a woman it won't fix anything

00:59:40.740 it might even make things worse 0.99

00:59:42.120 the damage done is irreversible in any case

00:59:45.120 Candace Owens has done more

00:59:47.040 for the

00:59:47.340 okay let me just back up

00:59:49.660 Candace Owens has done more for the victory of

00:59:52.700 conservative forces in France than all the

00:59:54.780 French combined 0.99

00:59:55.660 holy shit 1.00

00:59:58.040 I read that I'm like okay is he fucking with me 1.00

01:00:00.200 I got another story 0.99

01:00:02.880 here that's gonna make

01:00:04.480 your blood boil I'm sure

01:00:06.820 this is

01:00:09.620 ooh

01:00:10.220 published from the friends the simon weisenthal center oh so you know so you know it's real but

01:00:16.380 i wanted to get that source for this story court issues first ever jail sentence in canada for

01:00:25.300 holocaust denial oh shit i saw this one yeah this is just from this month a north bay ontario man 0.94

01:00:31.440 has been sentenced to jail for dozens of social media posts and videos promoting hate and violence 0.99

01:00:37.300 against the jewish community making marking the first ever conviction in a canadian court for

01:00:42.260 holocaust denial according to crown crown prosecutors i didn't think it was the first i think there's a

01:00:47.320 guy by the name of ernst zundel yeah that was for holocaust uh denial i appreciate it's holocaust

01:00:53.760 denial that was his thing yeah so which is which is a different thing but with this guy it was

01:00:59.600 apparently it was spreading hate on facebook they also said promoting violence but i wonder

01:01:06.720 sometimes about that phrasing because i see that a lot quote-unquote promoting violence

01:01:10.520 because like from the the left-wing perspective right now just saying so so and so is bad for our

01:01:17.580 society is quote-unquote promoting violence so was he calling for violence was he saying we should 0.90

01:01:23.860 exterminate jews or was he just saying i don't like them my suspicion is if he was calling for 0.89

01:01:30.140 violence they would say it right exactly if he was actually making calculated threats you can 0.90

01:01:37.360 try them for that but it wasn't it was promoting violence which is like he's not even it's not even

01:01:43.300 that he's making a violent phrase promoting an energy that could lead to the promotion of violence

01:01:50.000 or something like that right and in which case it's on a case-by-case basis it's whatever the

01:01:54.560 judge decides his name is kenneth powlin 50 51. so he he's one of these older guys not the oldest

01:02:03.760 right but he's not as anxious as the the millennials in gen z like we're under nine different

01:02:11.040 internet proxies we got all kinds of fake names these guys are just on facebook as themselves

01:02:16.720 saying like i don't know about six million no way bud

01:02:21.840 um since in nine months in jail and two years of probation

01:02:26.880 anyway i think the probation would annoy me the most you know what i mean like because being in

01:02:34.600 jail you're like okay i'm in jail and once i get out i should i should be out but probation it's

01:02:41.460 like i gotta keep checking in with this person and you're not allowed to drink and you're not

01:02:46.200 allowed to try not allowed to leave the city or the province or wherever like you're just in this

01:02:51.400 bureaucratic nightmare forever and they can like under higher suspicion also throw you back in 0.98

01:02:57.440 i just think it i think it'd be highly irritating it's like they're just fucking with you 0.95

01:03:03.400 because i guess and i know they if they think that they could do more like if the alternative 0.95

01:03:08.460 was like five years probation or one year prison you probably also like from a political standpoint

01:03:13.720 you get more out of being in prison you get the networking and you also get like the martyrdom

01:03:19.380 nobody feels like a martyr for also probation for what apparently you're already watching all

01:03:26.960 my social medias yeah you can do that with ai then what am i on probation for it's not for drugs

01:03:32.360 probation just the label they slap on when they're gonna do a whole they're gonna restrict

01:03:37.940 that you may as well be in prison you're in an open-air prison right like i've heard of probation

01:03:42.720 in terms where like a guy's not allowed to own a cell phone or a computer yeah you don't get

01:03:47.340 guns by the way no guns for you no guns yeah but like no phone like you're not allowed to have a

01:03:53.300 facebook account anymore right things where you can't get a job now right yeah you could you're

01:04:00.600 not in prison but you're also not allowed to work like just send me to prison i can't how am i gonna

01:04:04.020 eat you want to see this is so funny palman was arrested and charged by north bay police following

01:04:09.920 a seven-month investigation into

01:04:12.080 his anti-Semitic online content. There's not much

01:04:14.140 going on up there, eh? Yeah.

01:04:16.440 I mean, you could, honestly, you could

01:04:18.220 find enough to convict us within 15

01:04:20.020 minutes. Like, you don't need

01:04:21.260 no seven heckin' months there, brother.

01:04:24.980 Okay, what

01:04:25.840 do we got here? This is the story

01:04:28.140 from the Simon Weisenthal Center.

01:04:30.200 Remember, his post vilified 0.99

01:04:32.240 the Jewish community, promoted

01:04:33.960 blood libels and conspiracy theories. 1.00

01:04:36.540 Okay, I just want to remind Jews,

01:04:37.900 i don't think blood libel is actually a thing outside of your community right like it's not a

01:04:43.700 law is it like blood libel i never to be honest with you it can educate me i'm never sure whether

01:04:52.620 blood libel is something they're accusing us of accusing them of or if blood libel is something

01:04:58.000 that that we're accusing them of doing that's the thing so yeah a blood libel the way the only way

01:05:06.380 have ever seen it used was in reference to something that white europeans were doing against

01:05:12.220 jews claiming that jews were harvesting the blood of children and others but mainly children for

01:05:19.500 their rituals and they said that's a lie that's liable and so blood liable my understanding is

01:05:27.140 it can't exist outside of the jewish frame of reference right right because you never hear like

01:05:33.620 a african blood libeling a chinese person so but they're mentioned they're promoted blood libels

01:05:41.300 what the does that even mean but basically what that means is you're accusing

01:05:46.340 jews of something that you don't think you should be accused of that's what that means

01:05:54.260 like like if if i if i said japan did 9-11 is that blood libel to you 1.00

01:06:00.820 fucking kite cock sucking 1.00

01:06:02.740 losers inciting hate 1.00

01:06:04.820 there's one see you in nine months 1.00

01:06:06.860 inciting hate and violence

01:06:08.960 against Jews and repeatedly mocked and denied the 0.74

01:06:10.820 holocaust okay 0.86

01:06:12.460 guys can't mock and deny it 0.66

01:06:15.060 it's one or the other

01:06:16.240 slow down okay

01:06:18.760 it's one or the other you can't do both

01:06:20.300 either he thinks

01:06:23.020 it's real and he was

01:06:24.920 mocking the seriousness of it

01:06:26.720 or he doesn't believe it's real

01:06:28.300 and then why would he mock it

01:06:29.860 i always said that with people i'm like one of the best ways you can tell if someone is a fake

01:06:36.560 anti-semite semite semitite is uh whether or not they say something like six million wasn't enough

01:06:43.820 look some of my best friends are nazis guy all my biggest nazis all right they would never say

01:06:52.460 something like that because they reject that the holocaust even happened exactly why would they say

01:06:56.640 exactly

01:06:57.740 Paul's post included claims that Jews are 0.99

01:07:01.160 demons, the greatest 1.00

01:07:03.280 mass murderers in human history and to blame 1.00

01:07:05.300 for every American who falls

01:07:07.360 what does that mean?

01:07:09.020 to blame for every American who

01:07:11.260 falls 0.85

01:07:11.980 that's a selective

01:07:15.340 quote, that actually doesn't make sense

01:07:17.500 and that tells

01:07:19.260 me that the quote you

01:07:21.220 just hacked up might have actually

01:07:23.340 made you look bad

01:07:24.100 american who falls like in war anyway and responsible for almost 100 of the world's

01:07:30.720 problems hey almost 100 is pretty good that's a white man's opinion he's being reasonable 1.00

01:07:39.080 you're not going to get that type of charitability from a black 0.98

01:07:43.300 no right now they're gonna be a fair thing uh what respected white man would say okay look 1.00

01:07:49.540 almost 100 but there's some let's let's be reasonable here and then you drag him over the

01:07:57.460 coals he also expressed support for a worldwide jew hunt and declared that anti-semitism is the 0.64

01:08:04.240 only thing that can save the world well okay now you wanted a worldwide jew hunt that's pretty funny

01:08:12.560 again i understand it's a harder case to make now however i'm his defending defense right now

01:08:25.180 my client uh hunt can mean a lot of things right hunt could be paintball yeah hunt can be

01:08:34.260 you know

01:08:35.660 a worldwide 1.00

01:08:37.580 hunt with the Jews 1.00

01:08:39.220 worldwide yes 0.98

01:08:41.560 he wants to participate in what Jews

01:08:44.080 do which is around the world 1.00

01:08:46.300 hunt for white babies

01:08:48.400 can you imagine 0.66

01:08:50.080 his defense in court just

01:08:52.060 makes a new form of anti-semitism

01:08:54.440 that wasn't included

01:08:55.300 that's what I would do

01:08:58.680 if I was in trouble for this I would

01:08:59.980 take every opportunity to introduce more

01:09:02.480 anti-semitism

01:09:03.480 just just to the audience this is the you can't have podcasters in court because they'll just

01:09:09.660 view the jury as they're you know 12 people realistically their full audience

01:09:15.140 i'm playing to this this is my stage uh among countless other hateful posting videos most

01:09:23.020 disturbingly he minimized or denied the holocaust okay i mean here's the thing if you believe that

01:09:28.780 wants a worldwide jew hunt it actually isn't the most disturbing if you minimize the holocaust you 0.99

01:09:33.740 fucking idiot yeah including in a video he titled their victim card gets permanently denied as the 1.00

01:09:39.820 holocaust host hoax is exposed am i sharing a post that read six million didn't happen but it should 1.00

01:09:45.820 have i i mean no comment there did they say was this on facebook or or where it seems like it was

01:09:55.020 on facebook what a dummy switching it up here we're looking at the western standard i wanted to

01:10:01.500 sort of paint a picture here just in three acts about how this all fits together

01:10:09.020 um i'm looking at western standard title is anti-hate group blames black locks for scrutiny

01:10:17.100 of federal funding now what does that mean uh there's this news site called black locks reporter

01:10:23.100 i've never read it before it's canadian paper canadian website rather they're reporting on the

01:10:29.180 canadian anti-hate network who we've discussed before hi guys hey um they're upset why are they

01:10:37.980 upset because their funding has been threatened they haven't lost their funding yet but it's

01:10:43.340 being threatened the canadian anti-hate network has pointed the finger at black locks reporter

01:10:47.100 after conservative mps questioned nearly one million dollars in federal funding for the group's

01:10:53.660 operations now people might remember us talking about this on a recent panel titled how to take

01:11:00.460 down an ngo about um yuri bezmanov um canadian reactionary law and ben fleming just using canadian

01:11:09.660 canadian to hate network as an example very briefly but you know in the broader sense

01:11:16.780 looking at like how ngos operate where they get their money from how they how money moves within

01:11:22.700 the space looking at america but also canada now can the canadian anti-hate network is interesting

01:11:28.300 because while they beg for donations constantly i don't think they get that many donations so

01:11:35.660 it's not that difficult to see where the money comes from it's not like they're hooked into

01:11:39.500 five different black box charitable organizations and receiving hundreds of millions like some of

01:11:45.900 these other organizations i think they're just funded by the government i think if you take away

01:11:50.860 that one million dollars they they don't do anything and they only have like two employees

01:11:55.900 it's just like evan bag lord and some black chick i think like they're yeah they have a uh and we

01:12:01.980 covered this on a live stream a while ago on the canada network they have a a board right and

01:12:07.660 there's like five or six people but these organizations those are just in name only they're

01:12:11.660 just affiliates um they get included in an email chain once a month but if we're talking actual

01:12:17.340 people who work there it's like two or three people it's evan and one other person i think 0.58

01:12:22.460 yeah just like streaming from very clearly i'm looking at a photo of his room his shitty closet

01:12:28.460 in the background a very japanese setup if that makes any sense um evan balgord aka called

01:12:36.700 yeah uh director of the federally subsidized network said in a montreal podcast

01:12:44.140 i guess that's just what's known as unless it's a podcast called montreal you know whatever

01:12:50.700 now the controversy escalated last week when conservative mp rachel thomas challenged heritage

01:12:56.620 minister stephen gilbo about the funding during commons heritage committee hearing

01:13:02.240 And this article was cited there.

01:13:05.320 You're collecting tax dollars from people all across the country,

01:13:08.840 and those dollars are being used towards an organization that's actually spurring greater polarization.

01:13:15.840 They've been funded by your department for the tune of almost $1 million,

01:13:18.940 and a portion of this money was used to hire what they're calling an investigative journalist

01:13:23.460 to find stories about so-called far-right groups, including Catholics and pro-life people.

01:13:29.600 i've known a few people who've been contacted by this individual they just hired a guy for what i 0.99

01:13:36.720 assume 45k a year whatever what what is what does it cost to get some fucking fat loser to harass 0.98

01:13:45.460 people through text and uh dms like they're just trying to pull whatever thread they can so they're 0.99

01:13:53.040 going after like pro-life groups and shit um if it turns out the organization does not deserve a

01:13:59.480 continue to receive federal funding it'll be drawn said uh one politician um yeah so they're 0.93

01:14:07.420 going they're going after the candidate anti-hate network's money i'm very interested to see where

01:14:11.820 this goes and it's that simple to do it's that easy to do people you actually can you know just

01:14:19.220 through legal means i know we hate to say that but regular boring picking up the phone or sending an

01:14:26.100 email means actually get these people spooked it's not a hard case to make but this is antifa

01:14:32.840 these are antifa freaks publishing lists of people they want you to go after we talked about this on

01:14:41.100 the last live stream we did about extremism in canada it's like people are just now noticing and 0.99

01:14:45.580 i just i wanted to i want these guys to be under the microscope so much it's like i hate they suck 0.50

01:14:53.140 so bad yeah they they're they're just struggling so fiercely for their own relevancy in their own 0.93

01:15:00.440 existence i saw one of the canada anti-hate network people i it was that um there was a protest

01:15:08.300 in toronto at christie pitts we were kind of laughing about this on one episode and then

01:15:14.080 antifa the canada anti-hate network showed up they had representatives there and they had two

01:15:18.980 people one of them was like an 80 year old black guy just like standing around like what what are

01:15:25.780 you what are you doing here like you retired man i don't see a lot of young blood i like the youngest

01:15:32.580 guy in canada and i know it's like 37. you know what i mean it's just you're you're this is why

01:15:40.500 you have to do you have to do this now because you don't have any others because what are you

01:15:44.180 are you going to do get a job at a newspaper what are you going to do get a job at a radio station

01:15:52.340 we if this continues the way it's been going we might come out the other side of this with people

01:16:01.980 liking hate like these these types of people have done such a bad job at demonizing hate

01:16:08.960 yeah you know i mean like you need to re-establish people why hate is bad how bad could it be

01:16:16.260 yeah like what it was people hear about like people get bored about hearing things you know

01:16:21.960 i mean like they get like they hear the word hate now like they're rolling their eyes because they've

01:16:27.440 just heard they've just heard it too much we're looking towards america right now and this is

01:16:33.660 going to fit right into our coverage of the candidate network so this was published back

01:16:39.160 in september it says arena arena zarutska you remember her stabbed is dead because of a bad

01:16:47.080 policy bad policy that seemingly spread to every major city at once why and how uh we'll share

01:16:54.760 here obviously george soros's da's play a huge role but there's more there's a group writing the

01:17:00.940 policies for them um and there's a outlet here called law enforcement and legal defense

01:17:08.280 they unearthed emails on how left-wing group has been quietly ranked policies for progressive

01:17:14.380 district attorneys no billing no publicity so these are the people behind the power these are 0.98

01:17:20.300 the this is the fucking tentacle monster directing a lot of this so it's called the 0.95

01:17:26.960 wren collective w-r-e-n wren collective they're a secretive group with very little public profile 0.99

01:17:34.480 but massive influence they provide communication support staffing messaging campaign consulting

01:17:40.160 and above all pre-written policy strategies to more than 40 far left district attorneys

01:17:46.720 um and it's got a list here of who they are and let's name a couple george gaskin

01:17:52.080 sarah george steve mulroy of memphis uh tennessee jose garza just to give a few a great example of

01:17:59.840 what they do now this email obtained by a freedom of information act request shows the rent collective

01:18:07.120 writing to the district attorney of portland you can see wren brag about the model policies

01:18:12.160 that wrote for a da in virginia and their their offer of free staffing crisis pr support and

01:18:19.120 donors and they have the email here i'm not gonna read the entire thing but you know whenever you 0.83

01:18:25.040 hear when someone has been the victim of a hate crime a white your white son is killed by a black

01:18:33.920 teen you know these parents are sometimes approached by some group they're not even

01:18:40.560 affiliated with the city but they're there to recommend that you approach this a certain way

01:18:46.320 this to me reminds me of that you know i mean like here's all it is we're sending emails and

01:18:51.120 offering support right this is email show the now removed da orlando sending forensic files to ren

01:19:00.240 allowing them to edit her memo explaining why she wouldn't charge a 17 year old who shot and killed

01:19:06.080 someone at a football game ren has this type of access everywhere um and there's a full report

01:19:12.960 linked here email shows rent also ghost road op-eds set up press conferences and scheduled

01:19:18.640 softball interviews with reporters they're basically the pr department for george soros's

01:19:24.140 da's in san antonio san francisco houston and more um so i just wanted to show that so you've got

01:19:31.200 something like the canada into hate network funded primarily by the government but there's

01:19:35.440 other organizations like that that receive this sort of foggy amorphous support like it's not

01:19:45.500 just them it's like the and i don't know when like that exists in canada i don't know if american

01:19:51.300 groups like that have any interest in what's going on up here which is why i think they're more

01:19:56.360 fragile and they can get maybe taken down a bit easier but i mean you gotta understand like how

01:20:02.180 would you attack something like this like it's just we have a lot of money we have a lot expertise

01:20:07.320 and we're giving it away you know like we're giving it away for access right but yeah i mean

01:20:14.980 because you're used to speaking about investors whales patrons and stuff but i'm like you know

01:20:22.600 in that there must be something like this in the science world i have no evidence to back this up 0.98

01:20:29.000 But why wouldn't there be a collection of like 30 fucking science millionaires who are trying to direct, you know, news articles, conferences, whatever the fuck? 0.97

01:20:41.360 Well, there are, right? 0.97

01:20:42.640 Like an example of that, I think would be similar would be like Monsanto that buys out entire colleges and study groups to produce works that just support their narrative or their story or whatever else.

01:20:56.140 Right.

01:20:56.760 Because that's what this is.

01:20:57.780 Like that money was not earned through politics.

01:21:00.020 It was earned through some other kind of grift.

01:21:02.340 And then they're using it.

01:21:04.280 They're quote unquote investing it.

01:21:06.020 But instead of getting money back, what they're getting back is a shift in, you know, society.

01:21:14.140 Absolutely.

01:21:15.660 I just wanted to remind people that, that like we discussed in our panel and how to take an NGO, there's layers to this and where you can identify which of these organizations are actually tied into like a higher.

01:21:27.780 money to layer anyway so we're going to move on to the book that we're going to cover i just

01:21:34.440 wanted to mention a couple things before we move on so everyone check out our paywall show real

01:21:40.840 secret coffee hours that's on patreon that's on gumroad we've had a couple interesting ones

01:21:44.800 recently uh the pre the one that just went up and the one before that so the one before that

01:21:50.760 that was that's a pretty long one i think that's like two hours and 20 minutes looking at

01:21:56.240 a pretty extensive collection of pedophile scandals related to america first nick fuentes

01:22:04.020 is america first um it was a article that was written by someone named chris brunet

01:22:09.800 and the title was like the top 50 pedophile scandals in america first right and as i'm

01:22:17.740 reading it i'm like you know for the first five i'm like oh these aren't pedophile scandals at

01:22:22.220 so there's kind of a misleading title but there's a couple there's a few um and we really

01:22:29.060 delve into that um and then the most recent one was reviewing an article by a new right post

01:22:36.360 delhi new right friend of the show supporter of the show um but i found some disagreements

01:22:43.440 in that article so check that out patreon and gumroad um i also wanted to call people's

01:22:49.940 attention to not long ago we produced uh we were calling it a short film but uh it was more of a

01:22:58.340 you know i don't want to call it a documentary but it's more of a short film it was called paving

01:23:04.680 over the public and it was about the the history of mass migration in canada and we talked about

01:23:11.000 that a lot at the time but we were working on the follow-up to that uh the working title i have right

01:23:16.620 now and this is most likely going to be the final title is how to make a canadian people

01:23:20.860 working with the same team but it's been elevated i've seen the first draft of it it's

01:23:29.100 highly exciting and it's it's more in line with the things that we've talked about not only on

01:23:36.620 the show but on vanguard's journal i think it's the true follow-up to the previous one on how you

01:23:42.420 can generate something of an ethnogenesis in canada specifically and what we're offering

01:23:49.060 for anyone who would like to contribute to this project in the form of an executive producer

01:23:55.820 credit contact myself uh blood satellite at protonmail.com or reach out on x or reach out

01:24:05.240 on telegram so the reason we're doing this is because i set a goal of getting everyone involved

01:24:11.120 in this paid adequately and the rates were agreed upon beforehand and so this would just be going

01:24:17.760 not even to me be going towards videographers the soundtrack producer and other associated

01:24:25.440 uh individuals who've been helping with this thing because we have a pretty good team helping

01:24:29.520 with this um and i'd made i said at the outset i'm like for this one i want to do it right i want to

01:24:35.760 get an investor you know i want to get some money to just to get our people paid because i just i

01:24:41.300 feel they deserve to be paid for their labor here's the problem i never did that i never got

01:24:46.800 the investors ahead of time i just didn't do it took a nap and sandwich i cut the crusts off 0.99

01:24:54.120 i sound a toy i sound a toilet for six months so now my stupidity is your game you get your name 0.95

01:25:02.620 real name fake name whatever included in the credits and also special advanced screening 0.95

01:25:07.740 of it and the knowledge that you put your stamp on something that i'm quite proud of i think this

01:25:14.540 is going to be you know if i never did one again this could probably stand as my magnum opus in 0.96

01:25:21.740 this sort of thing in this sort of video capacity so anyway i have something really stupid to show

01:25:30.780 you awesome so let's do it let me uh i don't know how this landed in my lap someone just sent this

01:25:40.060 to me here's the title this is a conspiracy theory thing right this has no relation to what we were

01:25:47.660 discussing in previous episodes it's just something i've had on the docket for a while

01:25:53.420 and i thought let's get to it now i was just in the mood and so here's the title

01:25:58.060 Noah's Ark

01:26:00.120 to SS Atlantis 2

01:26:02.120 if anyone can remember who sent this

01:26:06.180 to me because I got this direct

01:26:07.600 you gotta have a look at this

01:26:09.340 it's very short, it's like 23 pages

01:26:12.000 it's

01:26:13.180 I don't want to call it a Socratic dialogue

01:26:16.300 but it's just

01:26:17.120 it's written like it's two people talking

01:26:20.280 and

01:26:21.560 explaining their theories of the universe

01:26:24.180 and some

01:26:25.160 conspiracy relating to Noah's Ark

01:26:27.760 so

01:26:28.580 it's dated February 28th

01:26:31.660 2010

01:26:32.080 it starts by this guy

01:26:35.320 named Glenn speaking with someone

01:26:37.600 named Jerd

01:26:38.800 which I don't know where you're from

01:26:41.380 that's no type of name

01:26:42.440 there's no name

01:26:45.380 Jerd

01:26:46.100 J-E-R-D 0.92

01:26:47.280 what would that be short for

01:26:48.500 Jerdemy

01:26:49.560 so

01:26:53.760 this guy's describing

01:26:56.000 uh it's almost it's written schizophrenically right like if you actually read the sentence

01:27:01.800 so i just want to read this email he sent this is glenn glenn keely looks to be a real email too

01:27:08.620 we should probably get this guy on i'm just going to read from top to bottom what this email says

01:27:14.180 to let people know it says moho making thin plate omelet knife blade recipe begin by breaking eggs

01:27:21.420 jolting uncle joe's football beat eggs and cook until set port-au-prince haiti and conception

01:27:30.480 chile then fold haggis over dead bodies mulatto bivalve mollusk laminate and add toyota accelerators

01:27:39.820 and madera sauce as decor serve hot freeze leftovers i see that i'm like okay i know what

01:27:46.640 haiti is i don't know what she likes is he describing a geopolitical flashpoint

01:27:53.280 then i'm like i don't know what how mulatto bivalve mollusk laminate relates to that you

01:27:59.940 know what i mean yeah but maybe hey i'm puny brained someone else could say oh i know what

01:28:05.740 that is um it says open say me my bell is still blocking all email sent in my direction i can

01:28:14.100 email out but cannot receive any response you need if you need to reach me call phone number here

01:28:18.420 uh thanks glenn bing being boeing beijing bang i don't know if that's just a sign off or a clue

01:28:27.300 um it's like he's trying to clarify the very emails here he says chile is of course

01:28:33.860 the andes mountains and which is dna the attack on conception this place in chile meaning creating

01:28:42.380 new life with access to the spine

01:28:44.460 is not what they have in mind.

01:28:48.500 Okay, I'm just going to read this

01:28:50.340 and you can see it on the screen, right?

01:28:52.800 Yeah, I can see it.

01:28:53.900 Then the second town, which was just down the road

01:28:56.480 was called Ascension, which basically

01:28:58.520 is a blind thrust because

01:29:00.460 it's an ascension and pushing up

01:29:02.380 in the land. The tsunami, of course,

01:29:04.480 has the word Ami.

01:29:06.280 So he's like trying to unpack the email.

01:29:08.240 Tsunami equals Ami equals 0.88

01:29:10.400 friends. Right, but tsunami is a

01:29:12.240 japanese word exactly it's like gary bucey it's you what fear stands for false evidence appearing

01:29:20.960 real like well it doesn't that's not what fear thanks i i like that you did a poem but that's

01:29:28.080 not what fear stands for um it's like then there's another reference a boy called sue

01:29:34.000 two in one use there's all kinds of connotations there then jerd says why would they do that to a

01:29:39.680 new slave why would they need to make it without it able to access its dna glenn says because

01:29:46.080 you're supposed to follow instructions so they're like they're dropping us in here trying to explain

01:29:52.640 something about space travel something about clues and emails he says if you look at how nasa does

01:29:58.560 it nasa sends people out into space they land on planets then they contact earth and tell them what

01:30:03.600 they found and what the situation is well that's what they do part that's what apparently that's

01:30:08.240 when nasa does two percent of the time but anyway then they wait for instructions about what to do

01:30:13.520 next and back here on the ground there are teams of engineers and the problem is something to do

01:30:17.680 with mineralogy well it's those engineers that go to work it has something to do with water another

01:30:22.320 team of engineers goes to work so they'd be basically continuing the same kind of approach

01:30:25.680 as they are now doing through nasa they don't believe that the intuitive aspect of things was

01:30:30.240 needed for anything more than getting there they provided help to the wright brothers and

01:30:35.040 understanding the physics behind flying as they did the same thing with nasa i would imagine the

01:30:39.360 human beings are there basically because they're better than robots at manipulating things if

01:30:43.520 something goes wrong it's usually something that if you have the time you can make a robot do it

01:30:49.120 they're talking about humans being used as slaves for this sort of higher entity

01:30:53.680 he says okay so in any event what we have now is haiti which would if when we're looking at

01:30:59.760 the whole thing as a human body would be approximately the belly button it may be the 0.80

01:31:04.640 genitals if it's referring to black people coming from africa so he's talking about like the the 0.57

01:31:10.680 planet itself being an organism that is like speaking through people okay uh so haiti is 0.97

01:31:17.480 either the belly button or the genitals because black okay so it's the general area of birth that 0.58

01:31:23.580 they're suggesting while the spine is suggesting more the fact that intuition is there and 0.74

01:31:28.020 Antarctica would be the brain

01:31:29.960 and Jerd

01:31:31.280 says yeah Atlantis

01:31:33.960 you called it SS Atlantis

01:31:36.100 too yes

01:31:37.200 super slave Atlantis 0.97

01:31:39.680 I fucking love this 0.99

01:31:43.880 and Jerd says of course 0.98

01:31:46.020 the new republic and so he's got

01:31:47.840 he's got an image here

01:31:50.240 of the earth and here's Antarctica

01:31:52.240 and then there's like the rabbit

01:31:54.340 from

01:31:55.180 Alice in Wonderland with the clock

01:31:57.880 you know i might be late i don't know how that relates to anything they just said

01:32:02.340 that but it's hey it's not easy to photoshop either atlantis 2 basically you have to be

01:32:10.160 looking at antarctica as being the head if you look at the shape of atlantis antarctica it's

01:32:15.120 like a brain it's got the cord coming down the spinal column in south america patagonia the heart

01:32:21.640 is the shape of greenland so it's obviously out of place because the heart should be basically

01:32:25.400 be located someplace like argentina or brazil so already he's finding fault in his own theory

01:32:31.640 so what he's looking at is continents that look like organs he says ah look at

01:32:36.680 look at antarctica if you look at it like this it's kind of got a spine it doesn't it's kind

01:32:41.720 of got a tail if you look at that way he also says the heart should be here but it's not

01:32:47.400 now you could say okay i guess that just that means what you're saying does isn't real

01:32:51.480 you write a new thing but anyway we'll figure out why that doesn't matter

01:32:57.160 in fact since they're going to be okay i should notice that this is all highlighted in red too

01:33:03.480 so he says but in fact since they're going to be killing all the people the most likely place

01:33:09.620 they'll start hearts beating again is greenland because that's where they would have stored cells

01:33:15.180 that contain eggs that could then be used for starting up a new body after the destruction

01:33:20.140 of the earth you got to remember that that's a big fridge so greenland of course is cold so it's

01:33:26.880 like a big fridge i want to describe this image i'm seeing here like this looks like it's an ai

01:33:32.620 image yeah definitely except that it's 2010 it's 20 yeah so i don't know i guess uh probably not

01:33:37.900 okay guys before we had ai we had this place called deviantart true which is basically like

01:33:43.600 a big ai and we would use it for much the same way so we've got people living in sort of a honeycomb

01:33:49.900 like situation then it's got the flag of greenland here and what appears to be a pokeball

01:33:59.500 from pokeball with dna in it dna in it uh once again doesn't relate to anything

01:34:08.860 so you got to remember greenland's a big fridge jerd says yeah it's a bowl i mean

01:34:14.620 yeah

01:34:16.480 I mean a fridge isn't a bowl

01:34:19.300 no

01:34:19.960 I just want this other guy to go no

01:34:23.620 that's wrong

01:34:25.280 it's a fridge

01:34:26.620 they plan to destroy everything except

01:34:29.360 those two pieces of land 0.52

01:34:30.880 who they are is they're going to destroy

01:34:33.600 everything except

01:34:35.700 Antarctica and Greenland

01:34:37.120 and this is going to be the

01:34:39.420 Atlantis arc

01:34:40.820 the suggestion was always that a group of people 0.55

01:34:43.300 and native people will be left behind to keep

01:34:45.360 the land fallow, which basically means

01:34:47.140 plowed but not seeded. The only people

01:34:49.240 on the planet who would be capable of

01:34:51.200 handling that task

01:34:52.140 the only

01:34:55.200 people who would be up to handle that

01:34:57.240 task, and this is

01:34:59.280 a time where there's no more snow on ice, would 0.91

01:35:01.220 be the Amish.

01:35:04.040 It's the Amish 0.97

01:35:05.080 factor very heavily

01:35:07.320 into this, and there's not that

01:35:08.780 many Amish, but I do 1.00

01:35:11.220 give them credit for not picking any other 1.00

01:35:13.040 race of slaves. It's like, we're going to use 1.00

01:35:15.160 the white guys that we got. 1.00

01:35:18.740 Just picture a society run by the Amish. 1.00

01:35:21.060 It'd be like the Middle Ages again.

01:35:24.360 He said, but that 0.95

01:35:25.200 will be temporary until such a time as they're

01:35:27.080 ready to kickstart the beam

01:35:28.880 end. And they'll be

01:35:31.000 destroyed by a laser from the Hubble

01:35:32.820 telescope, asks Jerd.

01:35:35.200 There's a process, says

01:35:37.000 Glenn, that requires destruction of people

01:35:39.120 in three phases. Then following the three

01:35:40.900 phases is the specific target

01:35:43.020 of survivors. The only way you can really target

01:35:45.660 survivors would be using something like the Hubble telescope

01:35:47.940 turned, pointed

01:35:49.700 towards the Earth.

01:35:51.300 Okay, so we've got the Hubble telescope

01:35:53.140 in space,

01:35:55.660 just pointed back to the Earth, and then used

01:35:57.680 as a laser. And then used the

01:35:59.740 new bay window they just installed in the

01:36:01.640 space station to direct it. A telescope could

01:36:03.760 be used in one or two manners.

01:36:05.780 One, to spot things on Earth, and the other is

01:36:07.680 to focus something that creates a beam.

01:36:10.160 To me, that sounds like a very convoluted

01:36:11.960 way to kill people yeah so you got the hubble telescope which what would okay so the hubble

01:36:20.240 telescope is quite a distance away from earth right yes so i guess they're thinking like it

01:36:25.600 reflects sunlight that's also not how the telescope works yeah it reflects in inward

01:36:30.580 yeah so it would have to be the opposite of a telescope so first of all take this one thing and

01:36:38.040 just transform it

01:36:40.080 into another thing and then 0.99

01:36:41.720 shoot it at the space station which would 0.93

01:36:44.040 then reflect it. I mean at that point 0.99

01:36:45.940 wouldn't you just use a gun? 0.99

01:36:48.780 You know what's a good way to kill people? 0.99

01:36:50.740 It's still 0.99

01:36:51.980 guns and fire.

01:36:53.880 You don't need like two different

01:36:55.380 space stations. The Hubble

01:36:57.940 telescope is also not that big.

01:37:00.180 It's like, this is the size of like a truck

01:37:01.920 or something. Like it's not

01:37:03.080 a super weapon. And just

01:37:05.880 to sidebar here this is what always frustrated me about things like this like the time cube and

01:37:13.780 everything that you have to really want to get lost in it you have to desire to get lost in it

01:37:20.240 because if you just stop and question it for a second you're like oh that doesn't make any

01:37:24.040 fucking sense like all the david ike stuff yeah it's called there's there's actually jungles on

01:37:30.000 the moon okay really it could just be that there's life on the moon that's being on the dark side of 0.95

01:37:34.820 the moon where there's zero sunlight there's actually vast lakes and palm trees and air 1.00

01:37:42.600 it's like no there's shut up man you idiot you know what i mean yeah you can just not tell 1.00

01:37:50.340 several interlinked lies that are just so obviously false why are they keeping that 1.00

01:37:57.100 like actually tell me why what would the benefit be for keeping that from us who's there

01:38:03.460 keeping for themselves man all the billionaires no the billionaires are here

01:38:07.760 well obviously those are holograms no they're not it just keeps making more stuff up that is

01:38:14.020 how they work yeah obviously they're fake obviously they're drones like but why like 0.97

01:38:18.140 why wouldn't they just be here with all the fucking free food and like i bet it's not fun 0.98

01:38:24.660 on the dark side of the moon is the dark side of the moon actually better than hawaii is it better 0.99

01:38:31.160 than you know a penthouse in moscow or your ranch where you can hunt humans i bet you can't hunt

01:38:39.520 people on the moon you can do that here in a few places yeah so they're gonna kill all the people 0.99

01:38:46.140 because fuck it i guess uh is that why they'll is that what they'll use to destroy the moon too 0.99

01:38:51.940 asks jerd uh he continues on that that could be used to destroy the moon and a laser could also 0.99

01:38:58.860 be doing the same thing the moon is just the moon is just a rock not an ordinary rock it it's material

01:39:05.580 suggests that's from a comet much much like the it's it's okay it's material suggests that's from

01:39:13.420 a comet much like the sun i don't think i love that he doesn't have to explain any of this he's

01:39:20.380 just as you know stuff you just yeah like like we know like the sun's from a comet you know the sun

01:39:26.220 is a comet right and the moon is a comet

01:39:28.200 and Mars and Venus are comets

01:39:30.120 there's no way it could even bend

01:39:32.160 the phrasing there to have

01:39:34.320 a whiff of what you could possibly

01:39:36.360 mean

01:39:36.760 there's no relation between

01:39:40.320 the sun and a comet

01:39:41.160 rather than being a material similar to the

01:39:44.240 Earth or Mars or Venus it's quite possible

01:39:46.060 that the moon had something to do with the breakup

01:39:47.840 of what used to be Mars and Venus as a

01:39:50.220 single planet it came through

01:39:52.280 and hit and then got captured within the gravity

01:39:54.160 of the Earth

01:39:54.680 i don't think so i don't know so like they were like i guess it would have been in like a similar 0.97

01:40:05.640 orbit to earth and then just knocked into two other orbits like that like it was a fucking

01:40:14.620 like atari game or something what do you what he go jared by the way this conversation is 0.85

01:40:21.520 completely incoherent like just the the question is glenn says that then jira says what do you

01:40:27.000 think it'd be like if the earth had two moons no one would ask that after that he says i don't

01:40:33.320 think that's the follow-on question that's the follow-on question i love his answer what do you

01:40:38.440 think it'd be like if the earth had two moons what glenn says is i don't think it would have two

01:40:42.460 moons this sounds like a conversation between my kids when they don't think i'm listening it

01:40:50.200 It sounds like a five-year-old and a six-year-old.

01:40:53.440 Like, what if the Earth had no two moons?

01:40:55.060 Nah, it doesn't, though.

01:40:55.960 No, you're right.

01:40:57.900 Won't it be like, I don't want to do this anymore.

01:41:01.020 Okay.

01:41:04.940 Okay, here it goes.

01:41:06.100 I don't think it would have two moons.

01:41:07.640 It would have...

01:41:09.160 Okay, this is...

01:41:11.140 I don't think it would have two moons.

01:41:12.700 It would have sun coming in to replace the moon

01:41:15.680 so that it would be light 24 hours a day.

01:41:19.680 What?

01:41:20.200 okay so

01:41:21.040 just real quick

01:41:23.800 the moon also orbits around the earth

01:41:26.560 right

01:41:27.940 so

01:41:29.680 even if you had like a

01:41:32.600 moon sized

01:41:34.580 sun

01:41:35.160 you couldn't have it be

01:41:37.600 24 hours a day

01:41:38.940 right 0.99

01:41:40.740 that's a dumb question 0.92

01:41:42.880 no yeah because the moon doesn't orbit at the same speed 0.96

01:41:46.140 I mean if you

01:41:47.000 if you had a moon sized sun

01:41:49.120 but it weighed the right amount

01:41:51.640 and had the right orbit that it orbited

01:41:53.500 if it was at the

01:41:55.340 if it was at the Lagrange point so that it

01:41:57.400 orbited opposite to the sun so that yeah

01:41:59.420 I mean maybe

01:42:00.340 but like that's not the

01:42:02.320 that's not a sun though like you can't have a sun

01:42:05.460 that's that sized

01:42:06.600 this is I don't look why are we even

01:42:09.020 there's no point

01:42:11.080 we're in it now

01:42:12.640 I know people are

01:42:15.480 lost they're hating this

01:42:17.320 we have to understand it makes more sense as you go but it drops you into it it doesn't make any

01:42:22.240 sense at all so but now we had to get like a few pages in before it was clear that we're talking

01:42:28.900 about the end of the world now he continues on glenn he says you have to remember they're not

01:42:35.140 going to be operating on the same principles we are all of their agriculture will be controlled

01:42:39.240 it'd be kind of a greenhouse activity aquaculture that kind of stuff so they'll not need in the end

01:42:45.800 They will not, in the end, need the land for that purpose.

01:42:48.940 The food will be grown in buildings that are much like city-sized greenhouses.

01:42:53.600 They'll have, on the one hand, city-sized robotic factories

01:42:56.680 where things are manufactured.

01:42:57.880 You look at the picture I have on my site of Atlantis 2.

01:43:01.200 He's got it all laid up there.

01:43:03.240 Yeah, so he's just got an example here.

01:43:08.520 Here's an image of Noah's Ark,

01:43:10.440 and this is, of course, an image pulled from a children's book.

01:43:13.080 Yeah, it's a children's cartoon of Noah's Ark. 0.92

01:43:15.040 And then there's his, the SS Atlantis 2, which is a fucking mind-bending fractal cyberpunk. 0.91

01:43:22.920 You know, we're just going to have this. 0.94

01:43:24.840 Nice.

01:43:27.280 These are the ships that will carry material and information back and forth between Antarctica and the New Cap continent in the Arctic.

01:43:36.380 There will also, of course, be submarines and that kind of stuff.

01:43:39.700 There's something in this phrase. 1.00

01:43:41.200 Yeah, there's also going to be fucking submarines and shit. 0.99

01:43:43.400 it sounds like like schoolyard kids just talking about random shit this sounded like me when i'm 0.99

01:43:50.380 in like grade five explaining like a story i had it's like oh yeah and then there's gonna be 0.96

01:43:54.980 submarines of course there's gonna be submarines of course obviously there's gonna be super saiyans

01:43:59.180 and obviously there's gonna be ninjas you know there could be there could very well be communities

01:44:05.640 located underwater but all the occupants would be female in appearance oh nice hey there would

01:44:12.800 be no there'd be now really does sounds like a teenager and see i'll talk i'm gonna be hot girls

01:44:17.560 in the submarines and uh occasionally they have they need a guy to come in because like they can't

01:44:24.520 have babies without them and then that'd be like me that poor someone like me doesn't need to be me

01:44:28.720 but like someone like me there'll be no male appearing there the male is really in charge 0.86

01:44:35.060 of the body and it lives inside the female in the way all hermaphrodites do okay rewind there

01:44:40.220 there'd be no males except that every one of those females has a tiny homunculus male inside of her

01:44:48.820 yes which is such a cool idea for society like even even if we don't think this will happen maybe

01:44:57.680 it should happen so men only exist as a tiny parasite that drives a woman around from the 0.98

01:45:05.340 inside. Okay, so we've 0.99

01:45:07.960 got the Amazonian submarines. 1.00

01:45:10.020 Okay, all the arguments for the female. There'd be no 1.00

01:45:11.920 male there. The male is really

01:45:13.920 in charge of the body and it lives 1.00

01:45:15.880 inside the female in the way all 1.00

01:45:17.940 hermaphrodites do. I mean, we're 0.99

01:45:19.900 taking this literally. It sounds like

01:45:21.960 he's almost making like a fucking 0.99

01:45:23.540 second wave feminist point. 0.99

01:45:25.780 Like, the male is embodied

01:45:27.540 in the female. 0.88

01:45:30.280 Ontologically, right?

01:45:31.700 But also, I'm imagining 0.99

01:45:33.800 this kind of like scorn um the only the only difference is the female would not be making 0.76

01:45:40.100 her own decisions that would be the responsibility of the communications computer high-speed system

01:45:44.800 that comes through to give instructions to the medulla um jared says it seems like this computer

01:45:51.060 has all the knowledge and lives forever and it can't walk around what a weird thing to say

01:45:56.060 it seems to me like this computer has all the knowledge and can't walk around

01:46:01.740 yeah I mean

01:46:03.200 first of all a computer can't walk around

01:46:05.040 I suspect

01:46:07.360 that's on some kind of track or levitation

01:46:09.660 mechanism as it's constantly

01:46:11.440 on the move

01:46:12.260 I mean why would it need to be

01:46:14.420 again back to like a fifth graders

01:46:17.380 idea what this is like you had to be on

01:46:19.260 tank treads

01:46:19.960 obviously be on tank treads and just roll around

01:46:22.720 I can't stay in one place at the same time

01:46:24.620 just because it'd be cool

01:46:27.020 I like this

01:46:31.900 Jerry says I think it's missing something

01:46:33.980 like how it looks at everything

01:46:35.260 Glenn says it's not missing anything

01:46:37.100 dude I can't not see

01:46:43.700 like us

01:46:44.980 in grade 9 1.00

01:46:46.760 just making up dumb shit in the 1.00

01:46:49.400 contact room 1.00

01:46:50.260 that's what this shit is 1.00

01:46:52.460 why would he need eyes that's stupid 1.00

01:46:55.120 that'd be like a waste that'd be a waste so why would it need that shut up brad like i'm obviously 1.00

01:46:59.920 glenn and you're jared you're just like trying to ask like like yeah it's missing something though 0.98

01:47:04.540 you slam the laptop shut shut up look if you don't want to do this we can do something else 0.88

01:47:10.780 i mean i don't care we can do whatever 0.99

01:47:15.220 so uh this computer of course has a will to dominate because that's what it's been programmed

01:47:23.140 to do all new information arrives and goes to the first computer boaz and it examines that

01:47:30.500 information decides whether or not it is acceptable to its existing programming if it is it passes it

01:47:35.360 on to the second computer that includes that information in their manuscripts that they put

01:47:40.260 all out as instruction manuals for their slaves uh so jared says do you think it'd be better off

01:47:46.980 just to destroy it or reprogram it glenn says well because it has within it all the information

01:47:52.020 from the beginning of time

01:47:53.600 that was collected by

01:47:55.540 and I'm just reading this

01:47:58.140 as it's written, Neanderthalers 1.00

01:48:00.320 Nice 1.00

01:48:01.880 or all other intelligent species

01:48:04.260 that might include things like whales

01:48:06.200 and other mammals that live

01:48:07.300 again, so it has Neanderthals

01:48:09.940 and probably like whales and sharks, you know

01:48:12.080 Okay, here we go

01:48:14.380 This is bolded, by the way

01:48:16.140 The penguin being basically

01:48:18.160 the symbol of something that always comes home

01:48:20.180 to antarctica to give birth is that true i don't think penguins are migratory that leave

01:48:28.360 antarctica and come back um i'm sure i'm look i wouldn't be surprised if some of them do

01:48:36.220 i know there's they kind of have like a breeding ground that they go to but it's not all antarctica

01:48:42.840 they're all over the southern hemisphere that's you know i mean again you can't qualify any of 0.94

01:48:48.080 this it's all retarded yeah i'm trying i don't want to distrust everything here there might be 0.97

01:48:54.200 some tasty morsels um i'm trying to skip ahead here to get to something else um he says glance 0.94

01:49:02.120 as well it's obvious if one studies the evolution of human beings that if you start off with a

01:49:05.920 hermaphrodite and you end up with genders and the scientists who tell us when that happened

01:49:11.440 are suggesting 80 000 bc that process itself cannot be achieved by individuals with a fork

01:49:17.300 and knife and hammer huh it would have to be someone that has access to a memory bank much

01:49:23.900 larger than what human beings can carry that suggests they had computers at that time

01:49:27.760 oh so he's at 80 000 bc they had computers and that's why we have and also we're all hermaphrodites

01:49:33.700 in 80 000 bc oh i don't want to bury the lead there yeah at 80 000 bc we're all hermaphrodites

01:49:38.520 yeah but i love that for that claim that specific claim he leans on science he says look the science

01:49:46.160 tells us that we've only had two genders for 80,000 years well he follows it up with some

01:49:51.440 science here he says that's not an impossibility if you're considering that women clan mothers

01:49:57.880 redundant began at around 115,000 bc and men didn't appear until 80,000 bc which is interesting

01:50:07.240 because if you didn't have gender let's put to the side that that that doesn't make sense that

01:50:12.220 didn't happen okay but if you had clan mothers why would they be mothers right when if you didn't 0.61

01:50:18.800 have genders you wouldn't have a mother because you wouldn't have a father you're hermaphrodite 1.00

01:50:22.800 yeah consider consider first consider this fucking bullshit lie okay i i am considering 1.00

01:50:31.140 that bullshit lie but it doesn't even make sense within i'm inside this and there's nothing here 1.00

01:50:35.940 um what's the reason for okay so 0.98

01:50:40.280 he gets into phantom time here of course and says that you know the the last 300 years that

01:50:48.860 we don't need to get into we cover that extensively i'm just trying to get um

01:50:53.580 here he says and this is bolded once again we'll get going soon after this because i know we have

01:51:00.080 to get going but he says the police don't realize that the money is being used to promote a system

01:51:04.640 that intends to destroy them first by putting their headquarters

01:51:08.000 directly at the base of the potential flow of water

01:51:11.980 in a cataclysmic way out of the Great Lakes.

01:51:15.560 So, okay, I guess he means all police.

01:51:20.080 Right?

01:51:21.100 Oh, okay.

01:51:23.400 So this is set in Ontario.

01:51:25.440 It might be someone I know who sent this to me.

01:51:28.040 Oh, no.

01:51:29.120 Oh, no.

01:51:29.940 Oh, no.

01:51:31.840 Okay.

01:51:32.200 so he says jared says if the whole economy were to crash how would insurance help anybody glenn

01:51:38.080 says they certainly won't if everything is crashed they'll just do what they did recently they'll say

01:51:43.140 we're on the brink of bankruptcy they have to provide more taxes to us so that we can survive

01:51:47.560 to protect you from us that sounds crazy but they are crazy here in ontario we have a process by

01:51:53.920 which the ontario provincial police give out phony tickets to people who find it easier to plead

01:51:58.600 guilty than to fight it maybe uh when they plead guilty the insurance companies add a second amount

01:52:06.280 to the amount they have to pay i mean that's something i might actually like look into like

01:52:11.180 if there is like an insurance kind of working in concert with police to give a fake ticket i'm like

01:52:17.300 maybe but that's also that's also not what you're describing that's an interesting scam but it's

01:52:26.400 It's like, that's not the example to compare against the taxes thing.

01:52:31.320 Now, that's where the police don't understand the money is being used for the road system.

01:52:35.540 They're going to drown the Great Lakes straight down over their head because their head office was positioned to be destroyed immediately.

01:52:41.180 But try to explain that to a policeman.

01:52:43.760 Which is such a funny sense.

01:52:44.920 I will not.

01:52:46.160 I'm not.

01:52:46.960 No.

01:52:47.660 It implies that he tried to explain this to a policeman.

01:52:51.120 It's like, all right, keep giving out tickets.

01:52:53.440 It's not going to save you from the flood.

01:52:56.400 okay okay man okay cousin um but in taxing and tolling the citizens and treating the citizens

01:53:07.280 and mayor not very different from what the criminal sector does they are manufactured

01:53:12.240 people basically from a laboratory wait

01:53:14.720 okay so are you saying cops are made in the lab nice basically from from a laboratory people who

01:53:23.260 are revived receded family upon family policemen so that their mental thought processes are 0.78

01:53:28.960 basically hubris arrogance of power and so this is where we start to get judas coming around yeah 1.00

01:53:33.720 the cops are grown in labs to be fucking violent retards 0.99

01:53:37.360 of course each policeman says i would never do anything to my parents but i'll do it to your 0.99

01:53:43.600 parents the policemen who came from the family of your parents are doing it to my parents really 0.97

01:53:48.900 stupid but if you think about it something like a big warehouse with food in it it's being controlled 0.99

01:53:53.340 by the puppeteer the hidden hand the puppeteer says to your children okay it's just getting 1.00

01:53:57.920 weird here he goes on about police for a while here okay criticizing the government here

01:54:05.940 it says speaking of valkyries an interesting line in that movie the actor who played hitler said if

01:54:12.380 you do not understand valkyries then you won't understand national socialism glenn responds yeah

01:54:17.440 of course because they are the improv nazism we know what nazism really is it's fascism

01:54:23.600 sometimes it's spelled n-a-t-s-i and it's it's not but he says it is which you know what other

01:54:32.240 word has the word n-a-t-s-i in it nazis pakistan afghanistan uzbekistan all those other is stands

01:54:42.000 sometimes the letters are changed around until they come out sounding like saints saints being

01:54:46.240 the same letters used in nazi okay guess what i got news for you pal

01:54:53.400 sometimes they come out as aints sometimes they come out as aints which uh people might

01:55:02.300 not be aware of this that is a maryland manson lyric um i ain't gonna do it i ain't following

01:55:10.940 your advice is basically the motto of the democratic party we're right back into politics

01:55:15.160 after that. Wild.

01:55:17.400 Republicans always tell people what to do

01:55:19.020 and Democrats say they ain't gonna do it.

01:55:22.600 It's also

01:55:23.320 the word Tane.

01:55:27.500 Tane?

01:55:29.700 It's just like the Tim and Eric

01:55:31.100 sketch. Shit, it is. 1.00

01:55:32.960 It's Tane. I think they spelled it with a 0.99

01:55:35.260 Y in it. Tim and Eric was still.

01:55:37.220 Now, Tane, I can get into.

01:55:45.160 Oh, no.

01:55:46.360 Here's Jerd.

01:55:47.660 Jerd pipes up.

01:55:48.560 It's in that word. 1.00

01:55:50.380 Christian. 1.00

01:55:52.520 Oh, shit. 1.00

01:55:53.760 Uh-oh. 1.00

01:55:54.940 And, okay, it's in that word. 0.96

01:55:56.800 Christian.

01:55:57.700 Now, right after that, it says right hand, left hand, two nostrils,

01:56:01.860 two parts of the lungs, the heart, and whatever.

01:56:03.880 You can never depend on one to do a job consistently,

01:56:06.340 so you've got to have that tennis ability where you can pass the power

01:56:09.480 over to one side.

01:56:10.820 People get frustrated.

01:56:11.880 By the time they get really pissed off, the power is transferred to the

01:56:14.300 other side and you've got to start all over and jared says that's also the concept of marriage

01:56:21.660 yeah but it sounds like my wife

01:56:26.220 so oh man we've got a bunch of on screen here a bunch of

01:56:29.900 in underwear let's just move past that so yeah just as i'm right he's talking about the end of

01:56:35.660 the world he's talking about how the elites are going to use space lasers to take everyone out

01:56:40.140 the homage you're going to keep the earth going we're all going to live in these mega cities with 0.94

01:56:46.460 hermaphrodites in submarines that's that's what's going to happen it's pretty excellent stuff 0.99

01:56:52.460 actually what do you think you know what if i'm being honest this is the most interesting one of

01:56:57.500 these i've read yeah like i couldn't um the thing with this is i understand what he's saying it's 0.92

01:57:05.420 just retarded the other ones that i don't like it's like they're clearly retarded but also i 0.92

01:57:11.340 don't understand most of what they're saying because it's not coherent this is kind of coherent 1.00

01:57:16.220 it's just stupid it's just really stupid yeah this part glenn says it's like a hologram 1.00

01:57:23.900 it contains like a seed a hologram can't contain a seed sorry glenn you can take it you can take 1.00

01:57:31.100 a seed put in a jar and put it on a shelf nothing will happen but it has all that information oh you

01:57:36.220 know what um actually you know what that's a fair analogy and that that is that is actually as like

01:57:45.820 a container of of just pure information yep okay you know all right glenn i was you got us that's

01:57:53.180 a good one me to death that's a good one um we're gonna end uh i gotta find out where this

01:58:00.940 came from is just on my hard drive let me see if there's i don't ever want to look at your hard

01:58:09.980 drive it's just it's books it would be so if you just look at my downloads folder it's all just

01:58:18.700 images i'm using for memes and you can probably scan and say oh i see what he's making with this

01:58:23.980 that's going to be bad um yeah so that's that's how the end of the world's going to happen

01:58:30.940 um there's a lot of other political stuff here there's some the problem is that he's kind of

01:58:36.140 sketchy on the ideas he says here like there's an there's an alien aspect to it but

01:58:40.420 you know he doesn't know much about aliens so that's a good place to end as any

01:58:44.060 i hope you enjoyed that it was lovely thank you very much all right man i'll talk to you later

01:58:49.880 yeah cool man

01:58:50.780 all right here we are i'm really really excited for this one uh we're here with a man who i

01:59:12.780 haven't talked to directly before we've only spoken off and on a few times so i've been a

01:59:17.600 great follower and admirer of his work. We were supposed to have him on a previous stream. And

01:59:23.500 I'm saying this to kind of tee up what we're going to talk about. A few months ago, we had a stream

01:59:28.420 with Stormy Waters and Tom Luongo, where we were discussing the Bank of England and Europe's

01:59:35.100 financial war in the US and sort of the movements of the dollar in international finance. So this

01:59:41.080 is going to be in that same vein and hey uh bloods we might even get a modern monetary theory debate

01:59:47.980 going on and maybe judas has finally proved wrong or i improved wrong you don't know what's gonna

01:59:53.260 happen here i am with a peruvian bull a man who needs no introduction thank you so much for taking

01:59:59.640 the time hey thanks for having me it's a pleasure i've been looking forward to this and honestly we

02:00:04.780 should be doing this sooner so i'm glad that we're here and people can check him out he's got quite a

02:00:09.760 few links and we're going to get to that in a second but right there on the bottom left peruvian

02:00:12.820 bowl on x give that a follow he's one of the best curators of his own stuff and we're he's got a

02:00:20.160 whole theory that we're going to get into but it's very easy he's got a lot of threads that goes into

02:00:26.220 the history what we're going to talk about we're not going to get to everything we're going to do

02:00:29.940 our best and uh just to call attention because you also wrote a book let me just see if i can

02:00:35.700 throw this up on screen before i get started so this is your book the dollar end game hyperinflation

02:00:42.840 is coming by proving bull glowing reviews and this is on goodreads where everyone likes to

02:00:48.980 you're going to find like lord of the rings have a 2.5 so this is doing pretty well um i haven't

02:00:55.200 read this but i'm pretty sure i'm going to uh proving bull scholar researcher educator my god

02:01:01.940 It makes me look like a kettle of fish.

02:01:05.840 So, yeah, we're going to get into a lot of stuff.

02:01:07.980 But before we do, I wanted to just show this brief trailer from this ongoing project that you're working on.

02:01:15.600 This is a guy who produces short videos and documentaries and things of substance.

02:01:20.160 But this is a trailer for one of them.

02:01:21.980 And this will kind of get people in the mood for what we're talking about.

02:01:24.980 So here we go.

02:01:28.340 The global central banks are at a crossroads.

02:01:30.800 I usually play things on 125, but I can do that.

02:01:37.980 Yeah, yeah, yeah.

02:01:38.860 Rates and quantitative easing.

02:01:41.360 Debt levels domestically and worldwide have reached critical levels.

02:01:46.220 As the money printing bonanza of 2020 comes home to roost, dark feedback loops lurk under

02:01:51.640 the surface of our economy, foreboding of a future of extreme inflation and financial

02:01:56.420 devastation.

02:01:57.420 The ships of state, unmoored from the tethers of hard money and taxation, have wandered into a maelstrom that threatens to destroy the very system we base our economic lives on.

02:02:09.040 We are now entering a place from which few fiat monies have ever returned from alive.

02:02:15.860 The Federal Reserve, the hegemon that runs the dollar-based global monetary system, is trapped in a black hole of its own design.

02:02:25.220 they believe they can save themselves and the system the terrifying truth is that we are not

02:02:29.860 close to the event horizon we're already past it only hard choices lie ahead welcome to the dollar

02:02:37.780 end game now this is exciting news for everyone who's into collapses who's in acceleration and

02:02:46.500 some people hear that and say yes finally let this hellish facade end now before we get started on

02:02:54.100 everything else i do want to just ask you a very open-ended question i'm sure um the dollar ends

02:03:00.180 let's say let's say that happens within our lifetime is that good news or bad news for us

02:03:05.620 and by us i mean those in the western hemisphere let's say north america well i would say this is

02:03:13.780 a complex and hard thing to answer right because i would say it's both you know um it is a horrible

02:03:20.980 thing in that it will destroy a lot of wealth it will be a cataclysmic event you know on on par with

02:03:27.780 you know something like the extinction of the dinosaurs in terms of uh of financial damage to

02:03:32.580 the economy and to the world because the dollar is the global reserve currency and it's used in

02:03:37.380 an intermediated in 80 percent of uh intercontinental trade and so the dollar's death

02:03:43.140 means that a massive power vacuum will open up globally and new players will step in and try to

02:03:48.740 find solutions for um you know facilitating trade and for settling trade invoices but overall i

02:03:56.580 think the dollar right especially as it stands right now and i think most people would agree

02:04:00.580 with this right the dollar stands as one of the bulwarks of protecting um you know legacy

02:04:07.940 institutions right so when you think of the treasury when you think of the fed when you think

02:04:13.220 of every you know the usaid and all those insane programs that they were funding when you think of

02:04:19.140 um you know all the higher education institutions in the us all this is dependent upon a system

02:04:24.340 that's entirely rotten to the core not only in terms of its philosophy and its morality but also

02:04:29.700 in terms of its fundamentals in terms of the math and so the destruction of the system by nature

02:04:34.660 means the destruction of the old order and the opportunity to lie uh or to birth something new

02:04:40.820 so um yeah it it's painful in the short run but in the same way that weimar germany was able to

02:04:46.820 emerge after the ashes um and grow into a into a regional power right um the it would it would

02:04:55.060 sow the seeds for the us to have a have a new golden age i think and we're going to get into

02:05:00.100 the details of the breton wood system and everything you just said but i'm going to hit

02:05:04.900 you with another very big question but something that we've talked about repeatedly on the show

02:05:09.540 So where do you stand on the BRICS currency?

02:05:14.100 And by BRICS, for people who don't know, we're talking about the economic union between, what was it, Brazil, Russia, Iran, China, and South Africa.

02:05:23.740 If you follow Financial News, they've been talking about a new global currency to replace the dollar.

02:05:30.580 Everything I've read from them says that we've got it, but we must wait for the dollar to collapse before we can move in.

02:05:38.240 And I was just sort of taking the temperature here.

02:05:40.420 What do you think about the BRICS project?

02:05:42.260 Does that seem realistic?

02:05:44.020 Do you think there'll be something at the size of the dollar to replace the dollar?

02:05:47.380 Or as you seem to indicate, we might just reset to a different regional system entirely?

02:05:54.220 I think the BRICS move is entirely a bluff.

02:05:58.920 And the reason why is because any new global reserve currency generally has to have a feature that puts a severe advantage above the prior currency, and the prior currency also has to be failing for a multitude of reasons.

02:06:15.220 So if you look at the prior, you know, transition from the British pound to the U.S. dollar, you know, in 1944, 45, the U.S. had emerged with 50 percent of the world's above ground gold reserves.

02:06:25.820 The U.S. was basically unscathed in terms of its manufacturing and industrial output.

02:06:30.660 The U.S. had relatively low losses in World War II from, you know, our later involvement in both theaters.

02:06:39.520 And Britain was completely, you know, in tatters, right?

02:06:43.800 um their industrial and manufacturing base was was damaged heavily london was bombed many many times

02:06:49.660 during the blitz um and they over the course of the next 10 years 20 years they started to lose

02:06:55.220 all their colonies right and so not only was there downward pressure on the pound as a reserve

02:07:00.060 currency and the loss of their of their empire but also there was a massive upward pressure

02:07:03.960 in the dollar the problem is um when you have a an issue of reserve currency you need to have a

02:07:09.640 uh like an entrenched elite that understands what it is understands how to protect it and

02:07:15.080 will take action to do so often military action and a bricks alliance is nothing more than a

02:07:21.000 loose confederation and i use the word confederation in the loosest terms right russia india china

02:07:28.120 south africa those four countries now what do they have in common besides not liking the u.s

02:07:34.520 dollar hegemony they don't have you know they don't have religion in common they don't have

02:07:39.400 race in common they don't have common political structures they don't even have common economics

02:07:43.720 they don't have common commodity um commodity sources or or uh you know exchange markets

02:07:49.560 they don't have common philosophies when it comes to their uh external geopolitical uh stances so

02:07:57.000 really what it is is more of a teaming up against the local high school bully kind of allegiance

02:08:02.840 and all of this doesn't even go to to mention that the broadest problem and the biggest problem with

02:08:08.340 with the bricks currency is the issue of actual settlement and storage so if you have a commodities

02:08:13.520 based currency and let's say you do it against a basket of gold and silver and you know russia

02:08:20.500 india and china want to be the main players well is russia going to agree to a system where all the

02:08:26.160 gold gets shipped to vaults in china and china holds 100 custody probably not india won't either

02:08:31.520 and would the other two of them do the same for india no so we need an impartial third party

02:08:37.720 how about canada australia or something well then all then russia india and china will just claim

02:08:44.280 hey the you know those smaller countries canada is right next to the u.s you guys were holding

02:08:48.940 to u.s interests we don't trust you to be a a true custodian right and this is especially

02:08:53.860 especially poignant in the aftermath of the 2022 tariffs and blockades right on on russia after

02:09:02.060 their invasion of ukraine in february the treasury announced all these measures to block off russian

02:09:07.300 banks from swift which is the international banking network and then the next month in early

02:09:11.900 march of 2022 they started seizing russian assets especially treasuries and so um you know all of

02:09:18.740 these things went to demonstrate the fact that the global monetary system, the global financial

02:09:23.820 system can be weaponized in times of war. So I think it was, was it $800 billion of Russian

02:09:29.700 assets that month was seized and frozen. Um, and obviously they had tariffs and, and, you know,

02:09:35.660 punitive economic measures taking place to make sure that, you know, Russia would face economic

02:09:40.780 consequences for, for their actions. Um, but again, that, that just goes to show, like if you

02:09:45.980 have if you have a reserve currency and you can't trust the storage of that and it's a commodity

02:09:52.940 currency you can't trust the storage of it to a rival like china or india and your russia what do

02:09:58.580 you do the the truth is you don't have much that you can do besides just buying gold and waiting

02:10:03.640 for the next system yeah so that's what all the central banks have been doing you raise a good

02:10:09.300 point there and in our geopolitical forecast i don't if we're talking about the strength of the

02:10:15.440 unification i don't see brazil as particularly loyal to the project in fact if america were to

02:10:21.220 retreat from its current security obligations you could see them very well project for southward

02:10:26.780 which is what many i know peter zaihan always talks about that but like yeah what brazil will

02:10:32.360 you will lose them as an ally it's really just china and russia if we're being honest those are

02:10:36.940 the only two leaders in this and i read a story saying it was from putin or xi jinping saying 0.99

02:10:43.860 uh the bear must now dance with the dragon that's like shut up shut the fuck up and stop this with 0.99

02:10:50.760 be serious it's all it's a lot of flirtations don't you hate economic flirtations like you're 0.99

02:10:57.200 just saying things to the press uh we actually have a interesting question here from sean wyland

02:11:02.520 on this topic uh he had said how about cryptocurrency as an impartial third party or as a way to store

02:11:09.740 of what we were just talking about. Yeah. And so that's been a large part of the thesis for

02:11:15.840 Dollar Endgame is that cryptocurrencies, specifically Bitcoin, could potentially

02:11:20.300 provide that third party non-intermediated role of allowing transfer and custody of assets without

02:11:27.420 having to rely on a custodian or a centralized entity. And Bitcoin specifically is the most

02:11:32.840 secure, right, most widely adopted, highest market cap, highest liquidity and depth of order book.

02:11:39.200 So it's the highest likelihood of being taken on as a contender.

02:11:44.040 But gold is also very, at least in the short and medium run, gold is also going to be used

02:11:50.180 as a, you can call it a transitional store of value because gold allows the central bank

02:11:55.580 to maintain its fiat currency, but also have a store of value mechanism so that they don't

02:12:01.080 have their wealth devalued into nothing when the systemic reset happens.

02:12:05.760 All our libertarian listeners are just punching the air right now.

02:12:08.640 gold mentioned this is a lot of people hearing things that they want to hear right now

02:12:13.580 um just look into the comments right now we're going to move on into a bit more detail and i'm

02:12:19.380 going to take us on a tour through some of your tweets and some of your tweet threads we don't

02:12:25.360 need to get into the details all that but you oftentimes tee them up with these really great

02:12:29.500 initial few posts and then we can just sort of discuss that because we want to lead in this idea

02:12:33.220 of the financial singularity and this is what we were talking about just a minute ago the dollar is

02:12:38.900 the world reserve currency this grants immense geopolitical and economic hegemony to the united

02:12:43.700 states but treasury wants to keep their excalibur a secret a thread so what you're really talking

02:12:50.660 about here is sort of the dollar dominance and i believe it's this one we mentioned around four

02:12:56.740 40% of the world's debt is issued in dollars. It is the global reserve currency. Do we want to

02:13:04.560 maybe discuss the Bretton Woods system just a bit and basically explain what point BRICS might have, 0.52

02:13:12.900 which is that we want to upset the dollar hegemony. What is the dollar hegemony and what

02:13:17.020 are the consequences of that as it relates to politics even?

02:13:21.440 Yeah, absolutely. So, you know, in the aftermath of World War II, right, we had this, especially, you know, in the late stages of it, we had this global push from the monetary elites to try to find the solution for the next global reserve currency.

02:13:38.560 because clearly the uk right great britain had been um heavily damaged by the war they were likely to

02:13:45.200 lose their colonies even at even the 40s um you know there were some some uh political analysts

02:13:50.720 that were forecasting that that to happen although the obviously the british state did not want that

02:13:56.160 to be the end case but it's the eventual outcome um and the goal was you we need to find a you know

02:14:05.280 a reserve currency and intermediary for the world to rebuild specifically europe as you know with

02:14:09.920 the marshall plan but also asia right the the goal was to trans you know transform japan into an ally

02:14:16.000 especially as the cold war was already starting to ramp up in the in the mid-40s and fears of

02:14:21.200 the soviet strength were were starting to be aggrandized in the halls of the cia and also

02:14:25.360 just as a tangent what is your opinion on richard werner because we also covered um

02:14:29.920 princes of the yen quite some time ago do you think that's a good analysis of japan specifically

02:14:35.280 Yes, that's an excellent analysis of Japan. I mentioned him in one of my recent documentary, mini documentary I made on YouTube. And he, so he has a very, very unique take in that he has really covered, right, the zombification, and you could call it like the stagnation and slow decline and death of the Japanese banking system.

02:14:58.740 And the problems with having a centralized system where, you know, creativity and openness are already low in Japan and Asian countries in general. 0.92

02:15:10.200 And so their ability to innovate is less than Western countries.

02:15:14.620 And so that just means that, you know, they've been exceedingly good at doing manufacturing optimization.

02:15:20.920 So like making products cheaper, more efficient.

02:15:23.900 But when it comes to actual innovation and growth, it's more difficult.

02:15:27.100 and the bank of japan exacerbated that by creating a massive bubble and then by imploding it with

02:15:32.300 their interest rate policy but um we can get into the japanese yen later because that's another

02:15:37.220 interesting rabbit hole if i could just give a quick two points here one bill wilson raised

02:15:41.700 every time dimes would say iran was in bricks i had a mild aneurysm over the past few months

02:15:46.300 i swear to god i looked this up from two different sources and it was iran because in my mind i

02:15:52.660 thought it was india initially and i thought that's stupid why would it be india what are

02:15:56.920 they do i looked up just now i don't know what's going on it is india but i i swear to god at one 0.89

02:16:03.800 point it was iran whatever and then the sex frequent says they retconned it that is the

02:16:09.740 vindaloo effect of course um yeah and we'll save some of the um japanese stuff for later i love

02:16:15.840 richard werner's analysis i saw him on tucker and uh he he really focuses in these interviews on

02:16:22.400 sort of the blowing up of the Japanese economy, or rather, making what they have, which is

02:16:28.240 effectively a corporatist, you could argue a fascist government model, and then having to play 0.71

02:16:33.900 by the American trade rules to enter into the global marketplace, because, you know, they could

02:16:39.840 only produce and sustain themselves so much. So they had to basically barter their way into the

02:16:45.320 economic global system by adopting and becoming what they are today, which I think makes sense.

02:16:51.580 But the question is, he thinks that's bad.

02:16:54.940 I question whether or not it was inevitable, if that is what you want to do.

02:16:59.040 And what would that look like if America wasn't there?

02:17:01.000 That's a very, very big topic.

02:17:02.720 But I try and look at it dispassionately.

02:17:06.940 You know what I mean?

02:17:07.340 I'm like, they were primed for growth and this is what they needed to do.

02:17:12.300 But anyway, I do wonder if you want to participate in the global system at that scale, you just

02:17:17.480 need to become like a service and consumer-based economy, which is what he's saying anyway.

02:17:24.680 Yeah, no, that's an interesting discussion. We can circle back on that later. But yeah,

02:17:30.580 so in the aftermath of, you know, in the later stages of World War II, right, this consortium

02:17:35.760 of nations got together and decided on the new global reserve currency. And actually,

02:17:40.860 John Maynard Keynes was proposing something called the Bancor, which would be a neutral

02:17:46.600 reserve currency backed by commodities and issued by a central bank in switzerland and this central

02:17:52.440 bank eventually became the bis the bank of international settlement and it's called the

02:17:56.640 central bankers central bank it's essentially you know where um a lot of the banking transactions

02:18:03.060 are cleared through and it's also where um you know swift and uh other uh major banking

02:18:09.760 international banking cartels have offices right next to the bis or even within um you know some

02:18:15.320 of the BIS sub-offices. But the goal was essentially we need to create an intermediary

02:18:23.060 currency for global trade. And the Bancorp, which was first suggested by Keynes and later

02:18:28.400 supported by some of his adherents, was basically shot down at these meetings. And the main reason

02:18:34.800 why was because the US wanted to capitalize on its position, its newly gained position as

02:18:42.420 basically a new world superpower and the so the banco idea after a couple weeks of debate was

02:18:49.680 was slowly shot down and um the u.s dollar became the main thrust of their argument

02:18:56.160 using a dollar exchange rate the problem was all these uh you could call like subsidiary fiats like

02:19:02.920 the pound and the the frank and the german mark and all these other countries were worried about

02:19:08.720 their gold parity exchange rates because um the problem had emerged post-world war one

02:19:15.440 you know because prior to the war all the countries had been on a gold exchange standard

02:19:19.920 like the mark was on like i think it was uh four marks for a gram of gold or something like that

02:19:25.260 and uh the oh no sorry that was a pound i think it was four pounds for an ounce of gold um and

02:19:31.480 after the war even though they devalued by one or two hundred percent in terms of like the fiat

02:19:37.760 monetary base had expanded. They tried to go back, the British tried to go back to their pre-war

02:19:42.940 parity, which caused a economic recession in Britain in the early 1920s. And the recession

02:19:49.920 was so severe, it actually turned into a depression and it kind of foreshadowed the

02:19:54.180 American depression that came later on. And so all these countries were worried about going back to

02:19:59.020 the old gold exchange system because they didn't know what the true market clearing rate of their

02:20:04.860 currencies would be after all this annihilation, all this destruction and all this currency

02:20:09.500 manipulation, right? With each central bank printing money to fund their own war. So they

02:20:13.840 decided, they said, we're all going to fix our exchange rates to the dollar. We're not going to

02:20:18.000 fix it to gold. We're going to fix it to the dollar and we're going to have the dollar be fixed

02:20:21.300 to gold. And so therefore we'll all be indirectly fixed to gold and the dollars will serve as an

02:20:28.920 intermedium between us and the gold market, but we won't have to worry about our actual

02:20:33.860 gold convertibility. Because again, in other times, like pre-1900s era, a country would

02:20:41.820 actually have to redeem all of their fiat currency for gold. Meaning if you go into the bank, you can

02:20:45.640 redeem your pounds for an ounce of gold or redeem your francs for gold. And bank runs, therefore,

02:20:50.840 are common, as well as current account deficits and current account surpluses could cause gold

02:20:54.880 to flow into nations or flow out. And so they said, we don't want this chaos. We're going to

02:20:59.340 just all peg it to the dollar. The dollar has 50% of the above ground gold reserves. So we're just

02:21:05.000 going to trust that they don't inflate anymore because they're the least affected economy.

02:21:10.760 And so they set the exchange rate, $35 an ounce, and pegged all of their fiat rates to the dollar

02:21:16.600 at specific intervals. And they were set in various tight bands. And if they moved even

02:21:22.860 slightly out of that band there was intervention um on the central bank part um or on the commercial

02:21:27.900 bank part uh via swaps and so everything was kept in a really tight line for for a couple decades

02:21:34.460 and it was working until it didn't and that's where triffin comes in now a lot of people and

02:21:42.620 we've discussed this on the show i've discussed the um move away from the gold standard a lot of

02:21:48.520 people of libertarians despise that a lot of you know even some economic economists despise that

02:21:54.400 and that was the dawn of what some have termed creditism where you could effectively make as

02:22:01.560 much money as you want because it's just numbers on a spreadsheet you're moving commas around

02:22:05.580 it's just ledgers and creative accounting and of course there's central banks involved but with

02:22:12.920 the dollar hegemony maintained but the break from any sort of gold backing uh would you say

02:22:20.960 is that description accurate that we're living in that sort of world where hypothetically you can

02:22:27.100 print infinite money that's what some of the modern monetary theorists say what do you think about

02:22:32.440 that yes i mean hypothetically yeah you can print into infinite money the problem is the

02:22:38.880 externalities right the the third order effects that you get from that right so uh printing

02:22:44.640 infinite dollars for example would flood not only the markets the stock markets the bond markets

02:22:50.400 with money would eventually float into the real economy and cause massive like you know consumer

02:22:54.800 price inflation which would make life unlivable for all of us which is very close to what happens

02:23:00.800 you know my contention was that um or the the way it's described by modern monetary theorists i'm

02:23:06.320 curious to hear your view of this is that you can't this is where we get into discussions of

02:23:11.280 spigots all it is you know to improve society you just must open the spigots of credit over

02:23:18.400 industries that can absorb credit and scale which tend to be previously manufacturing now it's

02:23:24.880 anything to do with technology so examples would be what quantum computing ai renewable energy is

02:23:33.120 kind of one but has diminishing returns it seems but they just think more money um and what and

02:23:38.800 the idea was if you can open hypothetically infinite money over things that can absorb

02:23:44.000 capital and scale you wouldn't see as many externalities whereas if you open the spigots

02:23:49.040 over people over the consumer market that immediately drives up inflation and one thing i

02:23:56.080 proposed to my co-host and this is what i'm curious to hear you about is if we look at

02:24:00.720 What happened during the COVID lockdowns, I believe they released something to the tune,

02:24:05.320 and correct me if I'm wrong, like $3 trillion, and they just found it, made it out of thin air,

02:24:11.840 gave it around. And to me, the inflation, there was inflation, but it wasn't correlated directly

02:24:19.220 with the insane amount of capital that was released, which tells me they're not directly

02:24:24.000 correlated, or there's something else going on. What do you think about that?

02:24:27.820 yeah you're absolutely right um this is my contention with the gold bugs this is one of my

02:24:34.600 my problems with them is that you know i was i was a you know my my much younger years in 2011

02:24:43.040 2012 i was an early teenager but um actually no i was like 14 15 but i was very very uh tuned

02:24:51.480 into economics i was watching you know peter schiff and uh mike maloney and those kinds of guys and i

02:24:56.720 So seeing them on TV and even like there were ads I remember running in the early 2010s

02:25:02.040 saying that you need to buy gold, get this gold eagle on discount, like gold's going

02:25:06.600 to go to 5,000, gold's going to go to 10,000, hyperinflation is going to come tomorrow because

02:25:10.760 the Fed had just started their QE2 program in 2012 and launched another round of quantitative

02:25:17.160 easing.

02:25:18.300 And obviously they'd go on later to blow their balance sheet up to $4.5 trillion and

02:25:23.100 then eventually to $9 and $9.5 trillion by 2020 and 2021. But the problem that they didn't

02:25:31.060 understand is that the Fed buying assets is not the same as directly printing money. It is printing

02:25:36.980 money. It's creating bank reserves. Those bank reserves are trapped within the financial system

02:25:41.220 because they're trapped as ledger entries within the Fed's SQL ledger, which is what's called their

02:25:47.660 master account or master ledger, which is essentially money for banks and for financial

02:25:52.400 institutions. And so the main conduit, which I only found through doing research on monetary

02:25:59.740 plumbing, the main conduit for turning asset price inflation or asset price money, bank reserve

02:26:05.120 money, financial system money into commercial money, meaning what you and I use is treasury

02:26:10.920 deficits. So there was, you know, around four trillion, four to four and a half trillion

02:26:16.420 of total easing between 2008 and 2014, and yet inflation went nowhere. And that tells you that

02:26:26.660 there was a couple of things at play. First, obviously, there was disinflationary pressures

02:26:29.420 from the recession, obviously. But two, the deficits weren't that high, the fiscal deficits.

02:26:36.580 And so that meant that the dollars weren't flowing out into the real economy. And when people ask me,

02:26:42.300 give me the 50 IQ, explain how this works. It's really simple, right? Treasury goes and issues

02:26:48.220 a bond. Those bonds are sold to what are called the primary dealers. Those are banks that are

02:26:53.060 authorized to trade with the treasury directly on their securities. And then they broker

02:26:56.860 that same sale to other banks and other institutions who want treasuries, okay?

02:27:01.840 So the treasury sells a bond to a bank. That bank gives them what's called a bank reserve

02:27:09.120 because the bank doesn't have the same sort of cash that you and I have.

02:27:12.820 They don't have deposits.

02:27:14.020 They have bank reserves that are held with the Fed.

02:27:15.920 So they send the Fed or they send the Treasury bank reserves that are held with the Fed.

02:27:20.600 When the Treasury goes and spends that money, there's a magical button that's pressed for it to become M2 Money Supply.

02:27:28.800 And the reason why is I say it's magical because that money, by definition, has to be spent in the real economy.

02:27:37.120 When the Treasury gets money, they don't want to spend it on financial assets, right? I mean, there is obviously examples of that, like TARP and TAMP and other Treasury programs post-2008 that were meant to bail out toxic mortgages. But by and large, most government spending is mainly directed at the real economy. It's mainly directed at Social Security, Medicare, Medicaid, defense, right? And then other forms of entitlements.

02:28:02.460 And so that means that the money that's held at the Treasury General account is by definition spendable.

02:28:10.360 Also, if you Google Treasury General account, you might have a good AI overview of it.

02:28:15.160 But that also means that when the Treasury General account is utilized to a larger and larger extent, which is what happens during deficits because you're borrowing more and more money and spending more and more money, that spigot opens wider.

02:28:28.640 So again, you have this huge tank of liquidity and capital in the financial market, and then

02:28:33.280 you have a spigot, which is the Treasury General account.

02:28:36.020 And during 2010, 2012, 2014, that spigot was barely flowing because the fiscal deficits

02:28:41.300 weren't that high.

02:28:42.320 We're talking 2% or 3% of GDP.

02:28:44.300 Now the fiscal deficit is running steady state at 7% of GDP.

02:28:48.680 And we're not in a major war, and we're ostensibly not in a recession, right?

02:28:52.900 And so if that's the case, like what's going on, it's clear that we're facing an economic crisis, I think, that's still reverberating from COVID.

02:29:03.620 But that's also why we've had this inflationary wave since 2020, is because for the first time, we had not only the liquidity from the Fed being created, all the capital, but we had a spigot that would transfer it into the real economy via treasury spending.

02:29:17.680 And so all that cash flowed to baby boomers, flowed to the PPP loan program, flowed to the

02:29:23.520 stimulus checks, and it became M2 money supply because you send it to real people and those

02:29:27.980 real people need bank deposits.

02:29:29.500 And the banking system has to transition those bank reserves into bank deposits, which increases

02:29:33.820 the M2 money supply by 40% in two years.

02:29:36.860 And then that explodes inflation upwards.

02:29:39.900 That's an amazing analysis.

02:29:42.360 And we're going to get back to that in a second.

02:29:44.200 i need to get to a super chat we received from uh my good friend sean wyland who works in wealth

02:29:50.520 management him and i talk economics last time we had him on the show a while ago he asked you

02:29:55.000 thoughts on john h cochran's fiscal theory of the price level especially as it's promoted by the

02:30:01.160 paypal mafia including curtis yarving and mike green does that sound familiar uh i haven't read

02:30:08.440 up on john h cochran's theory but um i'll read it and i can come back next time and and uh

02:30:14.440 talk about it yeah sean if you've got some notes on that or a summary i could throw that up on

02:30:19.080 screen too and we can discuss that this guy i get a lot of my economics books from sean wyland

02:30:24.360 and then we argue about it and we say each other's wrong but i i'm the one who takes like cues from

02:30:29.400 that we did a whole arc not long ago on soviet economics um explaining because everyone talks

02:30:35.880 about the fall of the soviet union but not a lot of people discuss the you know reform movements

02:30:41.760 the economic reform movements that were occurring within the soviet union the middle income trap and

02:30:45.800 things like that because you know a lot of people in our spaces will talk about america as it's the

02:30:52.940 great economic satan you know things of that nature but i think an important dimension of that

02:30:58.560 discussion is well why did this system dominate and it's not just because one side was necessarily

02:31:05.560 more manipulative than the other you know what look at it dispassionately look at it cynically

02:31:11.460 if you must but say what are the mechanisms within this model that led to its dominance

02:31:16.240 and then once you understand how it works most importantly we can discuss how it could collapse

02:31:21.960 which is what you're talking about because again other people on the flip side in our space will

02:31:26.060 say that well this system will never fail it will be turbo america until the heat death of the

02:31:32.180 universe well it always bounce back and i don't subscribe to that either which is why i find your

02:31:38.000 theory so interesting you know don't get so comfortable that you think that this thing the

02:31:43.500 music can't stop within our lifetimes and you know there's so many people who are looking ahead to 1.00

02:31:48.920 what does this look like when the baby boomers are not present anymore no one's really talking 0.97

02:31:54.180 about that that's that's pretty fucking scary where does all that money go i don't know 0.81

02:31:58.980 what are your theories on that on on the transition or like the the end yeah yeah

02:32:06.040 let's say the baby like let's say how much capital and um money the money supplies held up by boomers

02:32:13.440 in their investments let's just even say their bank accounts um once they are not around anymore 0.86

02:32:19.380 where where do we think that money might go well just go back to the banks even

02:32:26.200 yeah so here's the i guess maybe this is a little bit of a black pill but um there's a couple 1.00

02:32:34.840 different different things that are going to happen first off obviously the baby boomers are

02:32:38.240 the largest and you know most wealthy generation in u.s history um i think as the last calendar

02:32:44.980 86 or 88 million strong um and 10 000 baby boomers retire every single day so they're they're

02:32:52.180 massive force. And Stormy has a thesis that their retirement and then their eventual death 0.89

02:33:00.340 is going to put a massive selling pressure on the housing market specifically, but also on

02:33:05.180 equities and bonds. And I think that that's largely right because they were the first

02:33:09.100 and the main generation to generate capital and to pour that capital into housing and equities

02:33:15.000 and bonds. The problem is baby boomers, first off, they're the least likely generation 0.99

02:33:23.880 to transfer their assets to their children. If you rank by Pew Research Surveys, 1.00

02:33:31.700 they're also the most likely, obviously, to donate to political causes or to donate their

02:33:36.880 states to some form of political cause. And so what we'll likely see is a mix of, you know,

02:33:45.900 a massive asset inheritance that doesn't come until their kids, which are millennials or maybe

02:33:50.720 Gen Xers, are kind of late in the game, like their kids will be 40 or 50, and then they get

02:33:56.840 finally some cash and then house. Or the, you know, those funds will be donated to political 0.99

02:34:04.260 causes or even to you know the government essentially right because if as far as i

02:34:08.460 understand it in some states if you don't designate people in your will the government can seize some

02:34:12.920 of your assets and so it's funny we were talking about this on the last episode of our show i don't

02:34:18.880 even know if this is correct but it feels correct and i'm going to say it anyway it seems that with

02:34:24.100 older liberals especially they're the ones even though they don't talk about that much they're 0.99

02:34:29.400 the ones who give it to their kids their fail sons their dumb daughters whatever or their 0.98

02:34:34.840 political classes they'll actually donate to their own politics whereas the right-wing boomers they 0.96

02:34:39.960 might have an ideological position against that so they'll and they don't want to give it to their 0.94

02:34:43.740 kids so they just fucking burn it like so it doesn't go to work at all they would like rather 0.80

02:34:49.460 spend it smashing cigarette boats together from the sounds of it and so you wonder where's all 0.99

02:34:55.540 where's all the right wing money? I'm like, it's, it's up, up into grandpa's arm. They're all into

02:35:01.180 heroin now. Yeah. And it, you know, it's unfortunate, right? Because, and I've had some

02:35:08.240 boomers get mad at me on online. Um, and I love boomers, you know, my dad's a boomer. My mom's

02:35:13.420 a boomer. Um, my dad was born 51 and my mom was born 55. And so they're, they're firmly in that

02:35:20.080 camp. But I think the problem is many of them just grew up and lived in a different world than

02:35:26.440 the rest of us have. And so they don't remember seeing America's economic decline. They don't

02:35:31.220 remember seeing our demographic decline. They don't remember seeing our political conversation

02:35:35.980 be this polarized and heated. And so when you bring up things like this, like, hey,

02:35:40.720 you need to donate to your kids. You need to do this. They go back to their 1971

02:35:45.640 you know job at the gas station where they're making enough to buy a house in three years

02:35:51.540 working at a gas station and they think if you're not successful you're lazy why are you

02:35:55.140 you know why are you being a lazy bum i don't need to give you anything you can earn everything

02:35:58.620 yourself even though the you know average time to earn a house has gone up something like 7x 0.82

02:36:03.980 since the 50s so um that's kind of caused this generational disconnect right and i do know what

02:36:10.600 you're talking about there is definitely a reluctance on the right to to give things to

02:36:16.060 your kids it's it's like a earn it you know earn it or lose it kind of mentality um and it's

02:36:22.000 unfortunate because again i don't i don't believe in handouts either but i also understand the idea

02:36:26.480 of creating something to pass on to your children it's like the same idea of creating a ranch

02:36:30.280 that's a generational ranch like wouldn't you want to be able to pass on that ranch to your

02:36:34.940 kids and have it be a profitable business for them would should we burn every ranch at the end

02:36:38.920 of a family cycle so that the next family has to start off from ground zero with no animals and

02:36:44.300 you know no pasture and no fences and no barns it's ironic that make any sense the liberals

02:36:49.240 because they're so critical of the system they have a fundamental distrust of the system so there

02:36:55.780 is a stronger belief in dynasties whereas with conservatives and i'm painting with a very broad

02:36:59.720 brush here but i think there is some truth the fact that they still believe in the system and

02:37:05.080 they're less cynical about so they still think you can do what they did and i think they really

02:37:09.140 believe that whereas perhaps the liberals or leftists or whatever are willing to put their

02:37:15.220 thumb on the scale for their kids because they don't have that ideological presupposition

02:37:19.500 yeah yeah and there are exceptions obviously like i one of my friends is um ben wehrman is a he's a

02:37:28.280 really great uh twitter guy a little conspiracy theorist but it's fine and he grew up in a on an

02:37:34.720 island uh near where i live in in in washington um and his parents told him that when they die

02:37:42.100 all their stuff is going to be donated to political causes and he gets nothing and he's their only son

02:37:47.860 and they sound happy i had my father-in-law say that like he was smiling and laughing like you

02:37:54.260 guys aren't going to get anything i'm like well first of all you're broke we make more money than

02:37:57.840 you so whatever but it's the sentiment that bothers me but then what i noticed is that

02:38:03.840 that generation because i think my mom might have been gen x i'm not sure but they seem like the

02:38:09.400 first big generation that put their parents into homes so they're at once saying you're going to

02:38:15.080 get nothing but so many of them are deathly afraid of being in a nursing home because they did that

02:38:20.460 to their parents and they desperately don't want you to do it to them but then they're stuck in

02:38:25.200 this sort of dissonant space where i'm like well okay if you want me to be your nurse then can i

02:38:32.620 get some i said no i'm gonna blow it on condos until i'm i'm dead broke and then you can nurse

02:38:40.440 me to death like okay well i mean i wouldn't do that to my kids i don't think anyway we're getting

02:38:44.880 into a boomer talk right now it's it always happens um oh i've got a dear uh point marco 0.98

02:38:53.440 i'm still optimistic sir you got to be optimistic otherwise why get up in the fucking morning right 0.88

02:39:00.040 yeah um now moving on i just wanted to uh get off the boomers the dollar is a world reserve 0.97

02:39:07.160 currency has allowed the u.s to subjugate the entire world to become an empire um and you give

02:39:12.140 some really great examples here and i was interested to hear a bit more about the consequences

02:39:17.540 of the American dollar hegemony?

02:39:20.440 How has that allowed it to project power?

02:39:23.180 Did you want to give like a couple examples

02:39:24.680 about how this relates to central banks?

02:39:27.880 Because even a comment earlier

02:39:29.180 was trying to sort of figure out

02:39:31.160 how these seemingly independent central banks

02:39:34.040 around the globe factor into this larger system.

02:39:38.860 Yeah, absolutely.

02:39:40.460 And actually there's a couple of good examples.

02:39:42.620 Also, if you go back to the previous thread

02:39:43.760 and scroll down, there'll be some good examples of,

02:39:46.340 for example the treasury using the dollar as like a weaponized um you know security as essentially

02:39:52.480 like forcing banks and countries to acquiesce just by threat of tariff um but really you know

02:40:00.340 the way the system was set up in the aftermath of breton woods and then even in the aftermath of

02:40:04.600 the closing of the gold window in 1971 was such that it it created and um reinforced american

02:40:12.740 hegemony and American power by the very nature of the system. So in the aftermath of the gold

02:40:20.660 window closing, the US dollar and all other fiat currencies began to trade freely against each

02:40:26.260 other. And obviously, we had oil shocks and the geopolitical crises of 1973 and 74, 75,

02:40:34.380 which caused massive inflation in the US.

02:40:37.880 And the dollar quickly became unstable

02:40:41.400 and we needed to find some new medium

02:40:44.380 of creating dollar demand.

02:40:47.860 And luckily in the background,

02:40:49.200 there were already two things happening.

02:40:50.580 There was already the petrodollar,

02:40:51.620 which was put forth by Henry Kissinger

02:40:54.200 and kind of cemented in later agreements

02:40:57.260 in Saudi Arabia with OPEC in 70,

02:41:00.120 I believe it was 79.

02:41:02.260 And then there's also the Eurodollar system,

02:41:04.380 which is talked about by Jeff Snyder. And that is basically like a shadow banking system

02:41:08.200 that works on essentially like synthetic US dollars, but backed partially by real dollars

02:41:14.300 that facilitates global trade and commerce. So like that previous infographic said,

02:41:18.760 40% of global debt is invoiced in dollars. Around 59% of all foreign exchange reserves are in

02:41:26.160 dollars. 80% of global interregional trade is in dollars. 55% of trade invoices are in dollars.

02:41:32.240 right so the dollar dominates in basically all forms of international trade and finance

02:41:37.340 and what that means is that functionally first off the u.s is the only fiat currency which has

02:41:45.100 external demand for their like large persistent external demand for their currency and for their

02:41:50.140 for their bonds right because their bonds are just a form of their money that's time delayed

02:41:54.200 that pays out you know given a coupon rate and a maturity date um and no other fiat currencies has

02:42:00.420 that right so when the u.s goes to market and needs to sell debt there are other countries who

02:42:06.280 structurally need the debt because generally they need to offset you know corresponding uh dollar

02:42:13.500 liability that they have and they need to have an income stream to to offset that so all these

02:42:17.560 other countries need dollars so they buy dollars from the u.s and they can get those dollars you

02:42:22.220 know either by straight out buying them on a forex market they can get them you know mainly

02:42:26.700 by interregional trade. They can get them by borrowing them in the trade markets.

02:42:30.620 And that creates more and more dollar debt, which also consistently reinforces the dollar demand

02:42:36.080 because every new dollar of debt that's created creates more demand in the future because that

02:42:42.820 dollar of debt must be paid off, right? And so what's happened is that the dollar basically

02:42:47.600 started to proliferate throughout the global financial system. And so, yeah, here's an example,

02:42:53.300 right um the u.s in 2012 froze uh iranian bank for doing basically what they called a non-sanctioned 0.97

02:43:02.760 action um that they didn't agree with and the uk was the uk banker was like what what the fuck is

02:43:10.300 going on like this is not you know possible this is not cleared by the u.n and the u.s went forward 0.63

02:43:15.320 anyways and if you scroll farther down there are other examples there's a french bank um where is

02:43:20.420 it i thought it was a little further or scroll up it's that's too far uh there's a french bank i

02:43:25.800 don't know if i put it in this one that was fined like 14 billion dollars in 2014 um let's see

02:43:33.080 bahrain deutsche and it's okay i think you scroll uh slow down go back down um i thought it was a

02:43:39.840 french bank but um yeah there's a couple other deutsche uh chartered yeah there it is uh chartered

02:43:45.460 pay 1.1 billion there's a couple other examples of all these all these banks who are not registered

02:43:51.360 in the u.s not chartered in the u.s and aren't liable to u.s political pressure at least on the

02:43:58.060 surface and they were forced to pay fines or to you know be cut out of swift which is the

02:44:04.340 international essential like the banking communication code um which helps with clearing

02:44:09.000 and settlement um if they don't by the way i've tried to click that link for chartered and it

02:44:15.320 wasn't opening it just went back to the main room for your space okay well this is this is an older

02:44:21.080 thread so some of the links might have broken but you can like you can click the deutsche bank link

02:44:25.320 one the deutsche bank one let's try that the guardian one see if that works what all these

02:44:32.120 these links with us okay no i'm trying this is just like the iran indian they're trying to make

02:44:40.740 us look foolish and i'm not party to that yeah i promise you these are real headlines that i pulled 0.97

02:44:47.200 up um well no obviously they are it's uh it's these fucking websites like they they take like 0.99

02:44:52.140 i was pulling up some other articles uh because they're always trying to predict geopolitical 0.96

02:44:56.680 moves and i saw one it was from some council and it's like there's like three revision it's like

02:45:01.960 We had to revise this article because Saudi Arabia didn't do what we predicted they would.

02:45:07.160 So sometimes they just like take them down for various reasons.

02:45:11.880 But sorry, I probably derailed us a little bit with that.

02:45:15.240 Let me just pull this back.

02:45:15.980 Yeah, here's one.

02:45:17.760 I'm going to DM this to you.

02:45:19.380 French bank to pay $8.83 billion in sanctions.

02:45:22.820 BNP per rebus.

02:45:23.880 Yep, this was it.

02:45:25.240 I'm going to DM this to you on Twitter.

02:45:28.360 And that's even NPR, right?

02:45:29.900 So that's a liberal news organization.

02:45:31.960 But the point is the U.S., through their ownership of the dollar settlement and clearing system, right, they are the ones responsible for settling the majority of global trade.

02:45:47.320 And so if you're doing something, if you're a French bank and you're doing trade with Iran or North Korea or Russia or someone that the U.S. doesn't like, the U.S. can pressure its intermediaries and its constituents in Switzerland to cut you out of the global banking system or to fine you or to do all these other kind of – you could call it extrajudicial actions.

02:46:12.620 And that basically means that the global financial system is run by the U.S.

02:46:15.820 So if you violate that order, if you do something wrong, they will cut you out from the system and you won't be able to transact.

02:46:22.080 And again, most people use the dollar.

02:46:23.540 So if you're not able to use the dollar and like, you know, nine out of 10 of the top foreign exchange pairs are U.S. dollar as one side of the leg.

02:46:32.700 So USDJPY, USDEUR, USDGBP, like, you know, the USD Canadian dollar, it's all dollar based. 0.95

02:46:41.500 So if you're cut out of using the dollar, you're basically fucked as a bank. 0.81

02:46:44.860 you can't do much. And so the U.S. has been able to use this like cudgel to walk around and just 0.75

02:46:50.780 like beat people over the head and be like, no, you have to listen to us. No, you have to do what

02:46:54.140 we say. And this was, again, expounded upon in Juan Zarate's treasury. It's called Treasury War,

02:47:01.960 which is his retelling. He was the undersecretary of the treasury in, I think, 2012 to 2016.

02:47:08.880 And he talks about how they weaponized this actively, how they went ahead with using this

02:47:14.340 as a tool for political arm twisting

02:47:18.240 to make people and make countries

02:47:20.120 do what they wanted.

02:47:22.220 I'm just trying to look up

02:47:23.220 the Treasury's War book here.

02:47:25.520 I found something that's on just Amazon.

02:47:28.100 I think I might have found it here.

02:47:30.580 It's called Treasury's War,

02:47:32.640 Hwanzarote.

02:47:33.060 History of Future.

02:47:34.320 Is that one?

02:47:35.360 Maybe.

02:47:35.920 Anyway, I might have got the wrong one.

02:47:39.300 Sorry, we had a couple interesting questions here.

02:47:41.800 I want to get to them before I forget.

02:47:43.460 We have DeerPointMacro saying, just a question, put out a tweet today, $100 billion foreign official treasury sales spikes, 10-year yields, 80 BPS in our data.

02:47:52.840 Doesn't that suggest selling raises dollar demand rather than triggering D-dollar?

02:47:58.280 I assume that one's for you.

02:48:00.120 That one's probably not for me.

02:48:02.020 Yeah, yeah, no.

02:48:02.980 And I know DeerPointMacro, he's a really great guy and far more, actually far more deeper on the macro stuff than I am, right?

02:48:10.540 Because I'm just a macro analyst who does this as a sub-stack writer.

02:48:16.000 And I believe he's an institutional guy.

02:48:19.780 But yeah, so if you – the problem is that the system is entirely what I would say like counterintuitive, right, from your first thought.

02:48:32.500 So a – so he's – okay, so he's essentially saying that the foreign official treasury sale spikes.

02:48:38.340 so if they're saying selling dollar okay selling dollar debt raises dollar

02:48:43.600 oh okay i see what he's saying i see what he's saying um

02:48:47.500 well where's the first the this okay yeah this would be the second part to it just seems there's

02:48:56.220 literally no other alternative and as you mentioned each dollar liability must be offset

02:49:00.480 by a dollar asset to alm just so it seems like this will continue to grow and grow i'm saying

02:49:06.180 this for the people who listen on audio later too. Yeah, absolutely. Yeah. So I mean, my first

02:49:11.440 question to your point was going to be, how did you estimate that dollar demand increased that

02:49:15.900 day given that the treasury yield spiked? But you're exactly right. Yes. The system is entirely

02:49:24.400 basically set to one dial or one switch, which is a grow. And the reason is, is because obviously

02:49:30.840 debt continues to grow globally and the borrowing continues to grow. And so that just means that

02:49:35.700 more and more dollar debt, but gets more and more dollar debt and more and more dollar demand.

02:49:39.740 And so it's a self-feeding cycle. It continues to grow and grow and grow and ensures that other

02:49:46.620 countries have a harder and harder time over time getting out of their dollar liabilities.

02:49:52.580 And if they try to switch back to their own currencies, and I'm sure Dear Point knows the

02:49:56.880 details on this, borrowing costs rise significantly. So if you're an Indonesian palm oil manufacturer,

02:50:03.680 or if you're an Iranian oil supplier or if you're a Congolese diamond mine, if you borrow in your

02:50:11.720 local currency, you'll be paying 400, 500, 600 basis points more than you would in US dollars

02:50:19.340 if you take on US dollar debt. And so that's why many of the largest corporations in the world,

02:50:24.760 even if they're domiciled in countries like Japan or China or India, will take on dollar debt just

02:50:30.740 because the funding is much cheaper. And so it's much easier for them to load up on more and more

02:50:34.700 debt because there's more supply of that capital. And then that just means now that they have an

02:50:40.120 even more ingrained reason to earn dollars and to offset that dollar liability with other dollar

02:50:45.660 assets. So they recycle whatever dollar holdings they have back into U.S. equities and back into

02:50:49.540 U.S. bonds. And so that creates this positive feedback loop of more dollar debt means more

02:50:55.200 dollar liabilities, which means people need more and more dollars, which means they buy more and

02:51:01.260 more assets. And so it's this dollar milkshake-like effect that Brent Johnson talks about. And he's

02:51:08.660 really the progenitor of that theory. And that just reinforces the dollar hegemony forever.

02:51:14.420 But the problem is it makes the system break upwards instead of downwards. So the system

02:51:19.040 breaks because the dollar gets too strong, not because it gets too weak. I have a question for

02:51:23.080 you. There's been many commentators in our spheres who were looking towards what Trump was

02:51:28.580 doing. And there's talk of reshoring manufacturing. There's talk about America becoming more

02:51:33.660 isolationist. And when I look at the financial system as it stands right now, it seems to me that

02:51:39.420 let's say all that's true. I don't think there's any real shift in this dollar hegemony that can

02:51:47.580 be acted by a president. I guess the question would be, is there anything any sitting president

02:51:53.720 can do to really affect or disrupt this system? Or is it just this runaway train that we're kind

02:52:01.680 of all on the ride for now anyway? No, there are absolutely things you can do. But remember,

02:52:07.820 like, there are always second and third order consequences to disrupting the status quo,

02:52:14.040 Right. So basically, and Luke Roman lays this out really well. And I'm sure Dear Point Macro has read up on Luke Roman's writings of this. But he essentially points out that, right, this push towards globalization, towards offshoring manufacturing, towards increasing the trade deficit and increasing the current account deficit in order to send out more and more dollars to the global economy on net has benefited Wall Street and especially corporate America to

02:52:43.880 a disproportionate extent. So you look at their margins, you look at their earnings ratios

02:52:49.580 as compared to where they were in the 2000s because now their costs are much lower. They're

02:52:53.840 able to produce things for much cheaper because their manufacturing base is in China or Indonesia

02:52:58.680 or Thailand or whatever. And that allows them to boost their earnings artificially and which

02:53:05.920 boosts their stock price, which helps Wall Street and corporate America make more and more money.

02:53:10.340 But that essentially disenfranchises or disintermediates the Rust Belt, the normal working Americans, as a source of labor and overall manufacturing output.

02:53:25.820 So because those jobs aren't going to Ohio or to Tennessee or Kentucky, and they're now going to Shanghai and Hanoi, that means that all that capital is being siphoned overseas and then recycled back into financial assets.

02:53:43.320 So it leads to an increasing of the wealth divide and a bifurcation of America.

02:53:47.380 And so I think overall, it's problematic. And if you wanted to stop it, you could, you know, theoretically, but it just caused a lot of damage because suddenly all these people who are earning fat checks and all these companies are propped up on offshoring their manufacturing base now have to reshore. Another price is triple. Another stock price collapses. They're not going to be happy about that.

02:54:08.060 yeah and just for the record i'm not one of these collapse fantasy guys even if we believe any sort

02:54:17.040 of collapse is inevitable we try and temper those sort of speculations with it'll be very very bad

02:54:23.080 probably for you materially for all of us so you know there's so many people in spaces that are

02:54:29.680 looking forward to the collapse of the system and then something new can be reborn from the ashes

02:54:35.100 but uh there's only the vaguest idea of what that would look like and um you know always look towards

02:54:42.500 the technology sectors and i think there's a reason why america specifically does so well

02:54:48.120 technologically all the uh you know bricks advocates and multi-polarity guys want to talk

02:54:53.860 to me about how much shitty steel china is producing and how that's going to spend spell 0.59

02:54:58.700 the death of america but you know i'm trying not to let my biases cloud my judgment you know hey 1.00

02:55:03.760 Maybe we need a fucking mountain of shitty steel. 1.00

02:55:07.500 What do I know? 1.00

02:55:08.900 Maybe that's as good as quantum computing, I guess.

02:55:12.680 Anyway, we're going to move on to the singularity.

02:55:17.720 And I know this is going to relate to everything we were just discussing and on the topic of collapse, but we've got a really great thread here.

02:55:24.520 The singularity, there exists a hidden flaw in the monetary system deep into the black hole that could spell disaster for fiat currencies.

02:55:33.820 So did we want to take this into that direction?

02:55:36.680 Can we explain a bit more about what the singularity is?

02:55:39.340 What does that mean for us?

02:55:42.140 Sure.

02:55:42.420 So this is actually going off of also off the back of one of my, actually one of my

02:55:46.060 most viral threads, which was the monetary event horizon, in which I talked about, you

02:55:51.600 know, at what point does the debt level get so big that it starts becoming a, you know,

02:55:57.980 self-feeding monster in the sense that like the, you can't tax your way.

02:56:02.460 into paying it off. You can't grow your way into paying it off. And the only option is essentially

02:56:08.300 print, right? So that's a monetary event horizon. That's where you've entered a black hole,

02:56:12.560 monetary black hole, and there's no escape. And the only way is complete debasement or some form

02:56:16.740 of severe deflation. And this thread specifically goes into the more technical monetary plumbing,

02:56:26.020 which I touched on earlier, which is that when the treasury initiates spending, when they

02:56:31.500 you know, sell a bond at auction and then spend it into the real economy, that creates M2 money

02:56:38.420 supply. And that M2 money supply is bank deposits, right? It's CDs, it's money at money market funds,

02:56:45.060 and it circulates in the real economy and drives up prices. And so the hidden spigot is the fiscal

02:56:51.500 deficit. And that's what all the gold bugs and all the neo-Austrians and all the libertarians

02:56:56.880 missed back in 2011 and 2012. That's the key to creating inflation. And so that's probably why

02:57:05.180 we're sitting at a time when the Fed just lowered rates at 25 basis points. We have inflation still

02:57:14.720 above their 2% target, and we have fiscal deficits at 7% with the Fed doing a taper

02:57:20.460 because the fiscal deficits are part of the equation to creating inflation.

02:57:24.980 And if you have persistently high deficits that are big enough, you can create persistent inflation.

02:57:31.040 And I think that that's what most economies have seen play out in the real world.

02:57:36.380 The one exception you could maybe argue would be Japan.

02:57:39.060 And Japan is a very unique outlier in many, many cases because it's the highest in terms of overall debt to GDP.

02:57:45.340 It's the highest in terms of financialization of their stock market, meaning like the Bank of Japan owns 50% of the entire JGB market.

02:57:53.780 They own 60% to 70% of the 10-year JGBs and over 100% of certain issuances.

02:57:59.020 But this spigot, this fiscal spending spigot is the key.

02:58:03.600 And so if we enter another easing cycle with high deficits or even higher deficits, like let's say there's a war tomorrow in Europe.

02:58:14.940 And Russia decides to invade Poland and go further west into Germany.

02:58:21.200 And the US has to launch a counteroffensive.

02:58:22.860 And so we send over 2 million men and we launch a massive offensive and there's trillions and trillions of dollars and the treasury borrows and deficit to GDP suddenly jumps to, let's say, 15%.

02:58:32.820 So it doubles from where it is now.

02:58:35.320 If that happens, the money that's being created by the Fed will be flowing into the treasury and then the treasury will be spending it on war munitions, on tanks, on planes, on soldier salaries, on all those things.

02:58:48.080 And all that money will flow back into the real economy eventually and cause asset price inflation.

02:58:52.860 And that's the singularity. If the Treasury gets stuck in a fiscal deficit loop, it will enable the proliferation of inflation as we go further into the monetary black hole as the debt rises. So that's the singularity. That's the problem that we're now facing.

02:59:11.380 how has the in your opinion and i don't i haven't looked at this all how is the war in ukraine

02:59:18.840 in your view affected not america but the russian economy i know it's a different

02:59:23.900 sort of international trade model but do you think it's it's looking okay for them or where

02:59:30.020 do you stand on that even how is the the sanctions affected them not even the sanctions but when just

02:59:36.300 we're talking about expenditures of both human capital and investing into this war you know do

02:59:42.460 you think that is bolstered their economy or do you think even if russia even if there's a ceasefire

02:59:49.300 in the because this war has gone on much longer than i think even most of the hawks people thought

02:59:55.600 it would uh do you think that russia is significantly economically disadvantaged by

03:00:01.820 this war? Or would keeping that momentum going, and let's say they move to Poland, let's say they

03:00:07.440 move to Germany, would that benefit them? I don't think that this war is beneficial. I think

03:00:13.960 rarely are wars beneficial in terms of economics, because it destroys so much of a country's

03:00:20.660 industrial base and manufacturing base, as well as their young men, right, which are the drivers

03:00:25.700 of future family formation.

03:00:29.180 They're also the people most likely to work long hours,

03:00:32.500 work harder to get raises and promotions,

03:00:35.980 and decimating that population basically hampers your ability

03:00:39.340 to form viable and strong economic growth in the future.

03:00:44.520 So I don't think that this benefited them on net economically.

03:00:47.960 I think for them it's much more of a geopolitical gamble.

03:00:53.120 Russia is essentially a giant wheat field.

03:00:55.700 And they have a massive open border on their Western side, which they've been invaded through by Napoleon and by Hitler. And so having two successive armies walk through this giant grass field and walk all the way to your capital is pretty jarring for a nation state of that size.

03:01:16.620 And so I think that their goal with Ukraine and with maybe their strategy with those Soviet states in general was to create a buffer zone between them and what they perceive as their enemies, which is the West.

03:01:27.840 But I think more broadly, it was shocking to them to have their assets seized in the aftermath of their invasion.

03:01:35.660 I think they probably anticipated that to some extent, but the speed at which the U.S. authorities froze and seized their U.S. Treasury holdings and their gold holdings and whatever other security holdings they had in the U.S. and the U.K. and Switzerland was pretty astounding.

03:01:53.020 And it also showed that the U.S. is not afraid to weaponize, overtly weaponize, their control of the financial system when they deem fit.

03:01:58.960 that's a great analysis uh before i move on to the next part i just need to once again throw it

03:02:05.140 to sean wyland i see what he's doing sean i see look at this look at this financial oppression

03:02:09.840 this is why john cochran's fiscal theory price level is so relevant he has not explained what 0.54

03:02:14.420 that is yet sean's a very sick man you understand he's very diseased mind so he does things like

03:02:19.580 this he tries to get a water cooler thing going everyone's talking about the john cochran fiscal 0.94

03:02:24.480 theory won't i don't know if it's even real you tell me what it is sean and then we'll talk about

03:02:30.480 it we'll hash it out all right so um this was another continuing on the singularity there's

03:02:36.480 an accelerating withdrawal of money throughout the entire system can we speak to that a little

03:02:42.160 bit what are the the other corollaries and other markers you're seeing and and what does that

03:02:47.120 exactly mean with the withdrawing of the money sure this was a this was a more i guess called

03:02:52.560 like contemporary piece that would that happened right after you look at the timestamp may 4th

03:02:56.560 2023 is right after the uh silicon valley bank blew up and also after um and yeah if you want

03:03:02.780 to talk about silicon valley bank and what that means or what that represented that could be an

03:03:06.540 interesting tangent too sure and actually there's some you know fun conspiracy theories around that

03:03:11.840 whole that whole fiasco because silicon valley bank you know was used by um obviously not only

03:03:18.500 a large part of the Silicon Valley's VC and portcos, VC infrastructure and portcos,

03:03:27.780 but it also seemed to be a target for Chinese spies who were working essentially as honeypot

03:03:33.640 agents to steal industrial secrets from US companies. But Silicon Valley Bank was a commercial

03:03:41.080 bank that mainly catered to VCs and private equity firms who held large amounts of capital

03:03:48.500 And then also their PORCOs that they had recently invested in, and they offered incentives to have these – yeah, like gifts and other incentives to allow companies to sign up and to incentivize companies to sign up for them as a banker.

03:04:04.260 And that meant that their average size of deposit was many times larger than the average commercial bank.

03:04:11.440 So the average commercial bank has a blend of customers from retail to corporate to, you know, maybe high net worth individuals.

03:04:18.940 Right. Silicon Valley Bank was very, very, you know, top heavy in terms of its focus on high net worth individuals on private equity and VC firms.

03:04:30.640 And so I think their average account size was something like a million dollars.

03:04:33.960 So if that tells you anything, that's pretty massive.

03:04:36.940 97% of deposits over the 250K FDIC threshold. And that meant that most of their deposits were

03:04:44.880 essentially uninsured. And Silicon Valley Bank, like many banks, had gone knee deep into treasury

03:04:52.100 bonds back in 2020 and 2021 when there was a massive wave of treasury issuance and rates were

03:04:58.980 at the zero bound. And the problem arose when the Fed started hacking rates and those treasury

03:05:05.940 bonds started to lose value because the rates and the bonds prices are inversely correlated.

03:05:11.880 So as the Fed hiked, the bond prices fall. And you can check this for yourself. If you look up

03:05:16.360 an ETF called TLT, which is the long bond ETF, it's fallen by about 50% since 2020. And that's

03:05:23.860 basically like the 20 and 30 year long bonds. And so what that meant is that Silicon Valley

03:05:30.300 suddenly had a bunch of losses, at least mark to market losses on their books. Now they were able

03:05:36.200 to hide part of it because of a, an accounting regularity that differentiated between what was

03:05:41.380 called available for sale, which is AFS and hold to maturity, which is HTM. So if you look at

03:05:49.220 available for sale securities, those securities that the bank holds that they deem liquid,

03:05:53.940 that they're ready to trade, that they're ready to deploy whenever they want to raise capital.

03:05:58.320 And those are essentially marked to market as they continue to operate, right?

03:06:04.720 So I think on a quarterly basis, they're forced to mark them to market and recognize losses, at least paper losses, on their balance sheet.

03:06:15.180 The problem is you can also designate these bonds as what's called hold the maturity.

03:06:20.400 And hold the maturity is exactly what it sounds like.

03:06:22.300 It means you hold the bond until the maturity date, until you get the final payment.

03:06:26.020 And if you do that, then you don't have to market to market because you don't have to worry about where the bond is trading because obviously where the bond is trading is also independent of where you're actually going to get the cash flows.

03:06:38.980 Not completely independent, but it can be, right?

03:06:42.140 So like for example, if there was a treasury market dysfunction tomorrow and you had a treasury bill, let's say you had a nine-week bill, you could – as long as the treasury has the cash to pay you back, you could just hold the bill.

03:06:53.920 You don't need to sell it and worry about where the treasury security is trading.

03:06:57.520 You just hold the bill, wait till maturity, and you get your $1,000 payment.

03:07:02.960 And so they started designating more and more of their securities as hold to maturity.

03:07:07.020 And I believe there was a – yeah, yeah.

03:07:08.680 Here's my description of AFS and HTM.

03:07:12.780 And so there was a move not only among Silicon Valley Bank but also among other regional commercial banks and even other large banks to designate more and more of their portfolio as HTM.

03:07:22.840 because by doing so, they would get away from marking them to market, which would show that

03:07:27.640 they have actually lost their shirt on their bond portfolio. So they'd been getting away with this

03:07:33.420 for months. And actually, there were already rumblings that Silicon Valley Bank was insolvent

03:07:37.640 as of December 2022. But it all started to come to a head in February and March of 2023.

03:07:45.220 And they first went to market and tried to raise capital. That was pretty disastrous.

03:07:50.780 Then they tried to assuage investors.

03:07:53.280 They started to put out public statements in early and mid-March saying that they were solvent and that there was no need for a rush on the bank.

03:08:03.120 But really the death knell came when Peter Thiel called his portcos and essentially told all of them to pull their funds.

03:08:10.740 And Peter Thiel alone and all of his portcos represented a lot of money.

03:08:14.500 And so it resulted in the fastest bank run in history in about 48 hours, I believe.

03:08:21.920 I think I have the actual stat farther down.

03:08:24.980 Yeah.

03:08:25.520 So the stock plus 60%.

03:08:26.980 Yeah.

03:08:27.760 Then go scroll a little down.

03:08:30.240 It's the next tweet.

03:08:31.960 In 24 hours, 85% of SVBs bank funds were withdrawn.

03:08:36.640 So it was the fastest bank run in history.

03:08:38.800 But again, you have to contextualize this.

03:08:40.460 the reason why it's the fastest is because you know 97 deposits are over 250k and it's mostly

03:08:46.980 portcos and bcs so they don't have a lot of customers they have a few customers that are

03:08:51.860 very high net worth so you just have a you know a large proportion of those customers come in

03:08:56.880 especially the wealthy ones coming and pull their money you can lose all your money in a day and

03:09:01.000 that's exactly what happened to them and they didn't even survive to the weekend the fdic

03:09:04.760 shuttered them on a Friday morning, essentially, and put them up for receivership in very short

03:09:12.240 order. And I talked to a guy who used to work for FDIC as a roll-up analyst, essentially helping

03:09:19.440 them roll up banks and put them into receivership and deal with depositors and creditors and all

03:09:27.200 their liabilities and all their assets and how to manage that. And he said that this was from him

03:09:31.820 talking to his colleagues. He had retired since, but from his colleagues at the FDIC, this was the

03:09:36.280 fastest bank roll-up that they'd ever done. I'm curious, and I don't want to get you in trouble

03:09:42.060 with anyone here, but we'd mentioned Peter Thiel. I mean, this guy sounds like a real jerk. 1.00

03:09:47.700 What's your opinion on Peter Thiel? He seems to wield a significant amount of power 1.00

03:09:52.120 in the American financial system. Are you hot or cold on him, or do you reserve judgment?

03:09:58.340 Well, I think he's an interesting character.

03:10:01.100 I mean I was – if you had asked me a couple of years ago, I would have been pretty pro-Peter Thiel given his more conservative leanings, given his at least somewhat implicit endorsement of Trump.

03:10:13.860 But since then, I've become very wary of him because not – I mean episodes like this are already a little concerning.

03:10:20.700 but i do understand as a as a you know as an investor and as someone who has money at these

03:10:26.760 portcos and all these portcos i said one bank it can be very easily seen as just a self-protective

03:10:31.620 move but there's also the the problem of him doing these lectures on the antichrist

03:10:35.940 that aren't allowed to be recorded or whatever that that gets me out we are laughing about that

03:10:42.480 because that's obviously in response to that interview that infamous interview where the

03:10:48.680 interview more or less accused him of being the antichrist and so he's trying to do something

03:10:54.080 where when someone searches peter teel antichrist imagine you're that person saying i heard that

03:10:59.420 there's something about peter teel being the antichrist let me look that up oh i see what it

03:11:03.900 is it turns out he's the lecture series on how he's not the antichrist that's wicked normal

03:11:08.440 that's like a a regular type thing to do yeah and also i also love the fact that he was a gay man 0.51

03:11:17.360 who's already in shape and decided then to go on ozempic that's a weird and now it just looks

03:11:24.800 messed up there's like this is for fat people just don't do this what are you doing 0.91

03:11:30.180 he's a fucking crypt keeper anyway this isn't just hang up here it's concerning it's concerning 0.99

03:11:36.780 and there's also that viral clip where they ask him you know you would like humanity to survive 0.99

03:11:41.020 and he just pauses for like 20 seconds he's just like um well um i well there's a lot of 0.98

03:11:49.600 jordan peterson that's a very simple answer don't jordan peterson this shit like say yes or no do 0.98

03:11:56.380 you want humanity to survive that that should be an immediate yes like there's no hesitation in 0.99

03:12:01.960 that answer hey uh jordan uh you say you're a christian uh do you believe in christ like five

03:12:08.520 minutes later well what do you mean by you asking me that like it just becomes this other thing

03:12:15.160 i mean you should be able to answer this yeah what do you mean by believe and what do you mean

03:12:20.500 by christ and what do you mean by you well what is that it's like no it's not the bloody thing

03:12:25.540 stop playing these word games man you know what this means stop stop doing the because if you're

03:12:31.940 a psycho like myself and some others you know you you pay close attention to them and uh you can

03:12:38.540 kind of you you do see what their project is again i'm not trying to i'm not trying to hate on them

03:12:43.840 because my concern is like we saw a pure tool destroy gawker too like within 10 years he's

03:12:48.240 going to be deciding who the next pope is like this guy is on a path to power that i don't think

03:12:55.280 is on a lot of people's radar everyone's distracted by elon musk and his influence which is substantial

03:13:00.740 but there are these other murky rumblings going on and it doesn't fit neatly into any

03:13:07.860 partisan discussion and that was what was interesting about you know me my uh i did a

03:13:13.760 whole stream with a friend of mine named kingpild on the california ideology about like what is it

03:13:19.500 that animates these guys politically they're not really libertarian they're not really liberal

03:13:22.720 they're not really conservative they're this other thing sort of a mishmash of them but that's why

03:13:27.440 they're so big into transhumanism stuff like that but i i think people should be paying attention

03:13:32.720 to what's going on like really what is palantir you should be looking at black rock as well like

03:13:38.680 all this stuff they're almost like too big to look at for some people they're very intimidating

03:13:43.220 topics yeah anyway that was just a another little tangent um so i i guess we have to get going soon

03:13:53.340 know sean welland here he doesn't hate the paypal mafia this is the type of thing i'm talking about

03:13:57.520 this is what he gets into the paypal mafia is what um that's colloquially what peter teal's

03:14:04.900 outfit was known as you know they're sort of these financial gunslingers i mean they're

03:14:11.140 interesting personalities but uh it's it's difficult to divine their longer-term agenda

03:14:19.000 other than and i like i do believe they're honest when they say they want to expand humanity

03:14:24.320 throughout the cosmos and uh mark andreason is big on this as well a lot of like the richest people

03:14:31.060 you've ever heard of are into this so you know i i think there are economic because because that

03:14:37.660 really ties into what we've been talking about about sort of the dollar dominance like where

03:14:42.240 where do these movers of capital where do they choose to place it here and operate within

03:14:48.900 america so they must they must know something and they seem to be propping up a great deal of

03:14:54.900 the american technology because it's not just economic dominance to me it's technology

03:15:00.500 dominance as well as cool as japan might be hey look we all love asian girls with a streak of

03:15:07.560 purple hair we all miss cyberpunk i get it but there's really not a lot going on over there

03:15:13.640 compared to america no there's not and you know um so one of my favorite if you're interested in

03:15:20.840 learning more about japan in the end um there's a great subsec writer by the name of weston

03:15:25.720 nakamura he's a former uh goldman sachs and jeffrey's um equities derivatives trader and

03:15:33.560 now he writes full-time on the bank of japan only and when we went and filmed the documentary over

03:15:38.060 there with him um i remember we were walking around uh yeah this is him great great analyst

03:15:43.840 um we're actually i go for most of my bank of japan uh research um but he he was like pointing

03:15:51.720 this out to me he was like can you name um the japanese mark zuckerberg can you name the japanese

03:15:58.020 elon musk he's like where's the japanese silicon valley he's like there isn't one you know and

03:16:03.260 And in most Asian countries, that's the problem is that the actual innovation is much, much lower than that of the West.

03:16:10.820 And I think, again, it's because of these creativity and openness differences between the demographies, right?

03:16:18.640 So it just makes it like Japan is extremely good at optimizing.

03:16:23.480 They're extremely good at creating efficiencies and producing things, high-quality things at better and better cost points over time, right?

03:16:32.120 That's why they dominated the manufacturing and the electronics industries so well.

03:16:38.960 And I still, I own a Honda, right?

03:16:40.580 And before that, I had a Toyota.

03:16:41.720 I love Japanese cars. 1.00

03:16:43.340 But their actual ability to innovate is extremely low. 0.99

03:16:46.920 And you look at outside of their cultural influence with anime, like that one Super

03:16:51.900 Chatter said, and some music, there's not much innovation there, right?

03:16:58.800 There's not many apps that are formed there.

03:17:00.400 There's not many private investors.

03:17:03.240 If you look at private capital markets in Japan, they essentially just invest in bonds

03:17:07.660 and boring instruments.

03:17:09.840 They don't really do angel investing there like they do here.

03:17:13.400 Here in Seattle, for example, there's a couple different angel alliances.

03:17:16.480 If you want to start a business, you can go pitch your business idea at an angel alliance.

03:17:19.840 If you get big enough, you can go pitch at a VC.

03:17:21.900 You can go to Silicon Valley.

03:17:23.760 There's all these forms of capital you can tap into, and there's investors worth millions

03:17:26.660 of dollars willing to do that.

03:17:27.780 In Japan, no one wants to take that risk because they've been in a state of zero growth for decades.

03:17:33.380 And since there's been so little innovation and so little, you know, actual new idea formation, there's no risks that anyone wants to take.

03:17:41.880 And so it's just created a kind of zombified economy.

03:17:47.120 Yeah. 0.64

03:17:47.340 And I think that's what when I tune into Richard Werner now, he speaks in Japan.

03:17:51.340 I mean, princes again was the main one we covered.

03:17:53.380 And that's from a couple of decades ago, I think.

03:17:56.300 It's quite old.

03:17:57.220 it's a timeless book but things have evolved since the end especially where it ends which is

03:18:01.660 around the late 90s i think it really gets into the end there but where's it progressed since then

03:18:08.040 and um yeah japan is a very illustrative case um and we do need to get going soon but i wonder

03:18:14.120 is there anything in this thread that develops any ideas the battle has begun for the future

03:18:18.980 of the global monetary system the faith the superpower hangs in the balance breton woods

03:18:23.160 three economic warfare what can we say about breton woods three so um if i remember right

03:18:31.540 let me just scan through the thread the point of this thread oh okay yes okay the point of the

03:18:38.220 thread was how is the u.s today losing control of the modern economic system right and so first i

03:18:46.080 i lay out the problem of triffin's dilemma which you can see there um which basically delineated

03:18:50.800 between allowing the U.S. to continually export dollars

03:18:55.180 and to run trade deficits and current account deficits,

03:18:58.600 which meant sending more dollars abroad than we would receive,

03:19:01.940 which would continue to fund the global system,

03:19:04.120 but at the cost of devaluing our currency,

03:19:06.560 essentially, especially with regards to gold,

03:19:08.300 we'd break the gold peg eventually,

03:19:09.860 or not doing that.

03:19:11.880 And if you don't do that,

03:19:13.080 there's not enough dollars and dollar liquidity

03:19:14.720 outside the U.S. to fund global trade,

03:19:16.960 which means the global financial system

03:19:18.740 starts to enter, you know, a freezing period, a seize up. You can think of it as a deflationary

03:19:24.880 winter, right? And Triffin wrongly assumed, if you read his writings, that we would go the

03:19:31.720 deflationary path, that the U.S. would basically stop doing, you know, trade deficits and current

03:19:37.040 account deficits and that we would allow the global financial system to seize up and that

03:19:41.020 there would be a global depression. Instead, the opposite happened. We continue to fund the

03:19:45.000 deficits and we continue to print money and send it abroad and spend it on wars and the great

03:19:48.880 society programs and all the other uh you know guns and butter stuff of the 1960s and what

03:19:55.140 followed was a global wave of inflation and in the aftermath of that like we said earlier the u.s

03:20:00.760 and other players in in the world started to move towards this new what i would call a new form of

03:20:06.920 rent and woods which is um rent and woods too which is using the dollar and fiat currency and

03:20:12.780 specifically the treasury as the new global reserve asset and the dollar as its currency.

03:20:18.560 And by doing so, the treasury became essentially the global capital liquidity pool into which all

03:20:26.320 money could be put into, right? Because all these dollars are flowing abroad into foreign corporations,

03:20:32.620 into foreign banks, into foreign private net, high net worth individuals. And all those people are

03:20:37.980 buying US stocks and buying US treasuries. And so that capital just flowed back into the US.

03:20:41.900 The problem is obviously now, this is what I'm terming Bretton Woods 3, which by the way, it's not even my term. There's a brilliant, brilliant macro analyst much smarter than me named Zoltan Pozar, who has been writing about this, I believe at Citigroup, but also he has to work for the Fed. I think it was the New York Fed and their monetary plumbing.

03:21:04.120 And now he has his own publication where he writes for like, you know, 30,000 a year

03:21:07.880 subscriptions.

03:21:08.900 So you have to pay a lot of money to read him if you want to have all this stuff.

03:21:12.940 But he's been talking about how the system has been evolving and obviously how we're

03:21:17.340 going to be moving and transitioning to the next system and how we know that the transitions

03:21:22.100 are happening.

03:21:22.660 And so one of the things I point out in this is the reduction in total purchasing as a

03:21:30.100 share of purchasing of treasuries as a share of central bank, foreign central bank buying.

03:21:35.740 So you look at 2008 to 2015, foreign central banks bought. And if you go a little further

03:21:42.320 down, I think it'll have this chart. I don't know if I put it in the thread. I thought I did.

03:21:48.060 But if you look from, yeah, here it is. So if you go from 2008 to 2015,

03:21:52.140 uh from the foreigners bought five trillion of total u.s debt uh issued meaning on net they

03:22:00.420 funded 71 percent of our debt issuance and then from 2014 2015 to you know 2021 2022 they bought

03:22:08.980 only 14 percent so essentially what that meant is that even though you see the total federal debt

03:22:14.020 holdings of foreign central banks rising their ability to swallow our debt is decreasing and

03:22:20.660 And eventually, obviously, that's going to be zero on the foreign central bank side.

03:22:24.720 Now, there's still private demand.

03:22:26.460 There's still high net worth individuals that are still buying treasuries.

03:22:29.060 I'm not saying that treasury demand is going to collapse tomorrow.

03:22:32.520 That's not what I'm saying.

03:22:33.540 I'm saying this is a signpost that other central banks, which are obviously closely tied to their government, are trying to move away, especially from long-term treasury debt.

03:22:43.220 And so they've been, for example, transitioning to buying gold in large amounts.

03:22:47.080 And so 2022, 2023, 2024 were all record years for gold central bank buying.

03:22:54.160 And so that indicates to me that we're entering a new era of Bretton Woods and what happens

03:23:00.580 and what comes next is going to be much different than what we've seen before.

03:23:04.660 I know we're going to go right about now, but I wanted to just carry that thought a

03:23:09.700 bit further.

03:23:11.060 Are you optimistic about the future?

03:23:13.000 Another big question.

03:23:14.160 I'm just plopping in your lap, but a lot of people would predict the total collapse of

03:23:18.740 the economy, the collapse of the breadwin system.

03:23:21.480 We sound like we're forecasting quite the opposite.

03:23:25.080 Are you optimistic?

03:23:26.320 What do you think that it's, it's impossible to predict everything, but what are your feelings

03:23:31.200 over the next 10 years, let's say?

03:23:34.160 Well, I would say I'm, again, I, I have that book, right?

03:23:38.720 Which is very, it's a hyperbolic, like attention grabbing title.

03:23:41.960 um and and the point of the book is not to uh to doomerize which i know is probably i probably

03:23:50.500 should have picked a better title if i wanted to not doomerize but it because it is a bit of a

03:23:54.360 doomer title um but the point of the book is to to lay out the case that like this this change

03:23:59.500 of reserve currencies eventually is inevitable and for the u.s as the holder of the reserve

03:24:05.220 currency we have the most to lose when britain lost their reserve currency they lost all their

03:24:10.920 colonies, they lost essentially all their foreign capital markets, and they lost a large portion of

03:24:16.500 their global influence, right? And luckily, they didn't have a hyperinflation because their debt

03:24:22.320 levels hadn't been accelerated to an extreme point that they would never be paid off, right?

03:24:31.000 And there's obviously devaluation and a lot of money printing and inflation during the war

03:24:34.880 periods. I think British inflation was north of 20%. But if you look at the US and where it's at

03:24:41.580 now, it represents, I think, a dangerous point because if we transition to a new global reserve

03:24:47.700 currency, especially if one comes up that's better than the dollar, it could represent a pretty quick

03:24:53.680 transition between global reserve currencies, which would mean that the dollar would lose

03:24:57.920 a large portion of its demand, which would essentially mean that treasuries, equities,

03:25:06.060 all these other things would face much more downward pressure.

03:25:08.980 And if the Fed doesn't want to see a bear market in the US, they'd have to print more

03:25:11.660 money.

03:25:12.320 And so that just means a lot of inflation would be coming down the pipeline.

03:25:15.940 But all this is contingent on the moves that the players make.

03:25:18.620 Because let's say, for example, let's say Bitcoin is not adopted as a global reserve

03:25:22.420 currency.

03:25:22.800 let's say we just kind of muddle through with just gold and we just kind of like slowly move

03:25:28.000 towards a more multipolar world the dollar would in that case die a slow death and we just see

03:25:34.480 slowly divesting treasuries especially long bonds and slowly getting out of

03:25:39.180 out of dollar debt and then you know more of a move towards the equity side and especially the

03:25:45.660 gold side and so the global central banks and foreign foreigners would be just using gold as

03:25:50.700 an intermediary settlement mechanism rather than treasuries as a reserve asset you hear that

03:25:57.340 everyone whatever you were predicting is going to happen is probably wrong that's the type of

03:26:02.460 information i like to hear we got a lot of doomers out there and hey guess what if there's doom

03:26:07.700 it's going to be a weird type of doom that you've never predicted now i want to throw a couple of

03:26:13.940 plugs your way this is because i i knew you primarily from x and i didn't know that you had

03:26:20.760 a booming youtube channel when i was we were saying this before the show i was deeply impressed

03:26:25.800 by the video work they've been coming up with and these documentaries they've been working on so

03:26:30.720 check this out everyone peru me bull on youtube also here's his sub stack the dollar end game

03:26:38.080 updated fairly regularly very popular sub stack so check both those out all the information you

03:26:43.920 could ever want on this topic is there and i just had the book up which i haven't read but i'm gonna

03:26:49.440 give that a purchase soon um and maybe we will probably cover that on the show once my insane

03:26:56.640 backlog of books is is worked through we have some terrible shit coming down the pipeline

03:27:02.780 because we like to get into conspiracy theories a bit uh on the show too we've exhausted all the 1.00

03:27:09.580 main ones so we're just really left with all the schizo stuff which is it varies wildly in quality 1.00

03:27:17.640 you might for every good interesting idea there's 20 just really bad ideas you know there's this one 0.82

03:27:25.380 we covered not long ago a lot of people love this one it was called time cube you ever wrote time

03:27:29.960 cube no i haven't and it was about i'm gonna explain it to you it really is just schizophrenic

03:27:35.060 ramblings on an old like web 1.0 type site um a lot of people read that back in the day and they

03:27:42.080 still hold the candle for it but it was this idea that every day actually contains four days

03:27:48.440 um and so that's the time cube and then so just immediately hear that and you say well

03:27:53.640 i mean a cube has more than four sides like are you do you mean a time square like right right 0.94

03:28:00.420 from the jump it's retarded and then it just gets into like all kinds of crazy stuff every day is 0.93

03:28:06.760 actually four days and so it almost and like okay let's say that's true what is what does that mean 0.89

03:28:12.280 who cares what like that just it's like it's like a time zone thing i don't know anyway we covered

03:28:17.940 that on a live stream a while ago once you get to the bottom of conspiracy theories you'd think

03:28:22.320 you'd find the really interesting sediment but it's not it's it's actually just insane people

03:28:28.780 misreading things like misunderstanding like tv shows and shit anyway i i gave those the plugs

03:28:36.480 everyone check that out uh peruvian bull roberto thank you so much for taking the time this is one

03:28:43.940 of my top streams i love having guys like you and tom long ago and stormy waters on

03:28:48.060 and uh mate once uh once you figure out what this bank of england's up to i'm sure we can get

03:28:54.440 everyone together again yeah that'd be that'd be great i need to i actually am working on a

03:29:00.460 i'm going to start working on a piece on uh the the guilt crisis and and the bank of england and

03:29:06.260 their role in 2022 when the when that market blew up so um but really i i mean i i would learn from

03:29:13.180 people who are much more experienced than me so dear point macro is really happy to see him in

03:29:17.080 the chat also i'll just give him a shout out here even though he's not asking for it give him a

03:29:20.700 follow um he's a great macro macro guy and luke groman also great same with brent johnson um those

03:29:28.720 are three of the people that i'd say like if you want to learn macro especially like intelligent

03:29:32.020 deep dive macro and not the new york times kind of like lame liberal limp with limp wristed like

03:29:39.180 what's happening with bubble gum you need to go follow those guys so as we are recording this i

03:29:45.400 went and followed multiple people as you were name dropping them so i think some other people

03:29:50.460 should follow suit if you're interested in this stuff there's a lot of interesting thinkers out

03:29:54.740 there but i particularly like this one um so anyway gotta get going but thank you again and

03:30:00.660 thank you everyone for tuning in as well and uh we'll see you all next time

03:30:04.560 hey baby i hear the blues are calling tall salads and scrambled eggs

03:30:11.000 and maybe i seem a bit confused

Blood Satellite - October 10, 2025

Worcestershire Sauce Tastes Like I Hardly Knew Her

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