Playing to Win - 074 - The Elites Psychotic Plans & The Economy w⧸ @George Gammon

00:00:00.880 All right, and we're live for the Playing to Win installment number 74, and I'm back

00:00:07.040 with my friend, George Gammon.

00:00:08.120 How you doing, brother?

00:00:09.180 Doing well, Rich.

00:00:10.180 Thanks for having me on.

00:00:11.320 Yeah, it's been a while, and I kind of took a break from doing this podcast series.

00:00:14.620 The last couple of months I've been busy, so with all the craziness in the economy and

00:00:19.440 the FTX exchange recently collapsing, and a lot of the stuff that I've sort of tripped

00:00:24.840 across in your social media feed on YouTube, I thought it'd be fun to catch up and kind

00:00:29.180 of do a cast together and share some of the stuff that you've been talking about to my

00:00:33.280 audience and bring me up to speed as well, because I'm not on this thing on a daily basis,

00:00:37.560 so I thought it might be fun to do it this way.

00:00:39.660 Yeah, for sure.

00:00:40.460 So what have you been up to since we talked to you last time?

00:00:42.920 Oh, man, just creating content and trying to stay ahead of all the madness that we see

00:00:49.540 in the world, not just socially, but more specifically from a standpoint of macroeconomics.

00:00:54.840 I mean, to your point, about a year ago, I think we probably hit the peak in the crypto

00:01:01.920 price point with the, I thought it was a mania, and it doesn't mean that crypto is not a good

00:01:08.780 idea long term.

00:01:10.100 I think that the crypto space will be very similar to the railroads in the 1800s and very similar

00:01:18.700 to the dot com bubble that we saw in the late 1990s.

00:01:25.080 And that is to say that it's a great technology, and it definitely has a future.

00:01:29.520 But whenever you see something brand new like that, everyone piles on, and it just turns into

00:01:35.420 a massive, massive, massive bubble.

00:01:38.600 And that's what you get.

00:01:41.060 You see, you get a bunch of frauds, and like whether it was Luna or Celsius or FTX, we'll

00:01:50.320 see how this all plays out here.

00:01:52.500 But it's very easy to do kind of shady business and to make a lot of money when the tide is

00:01:59.220 in.

00:02:00.520 But it's like Warren Buffett says, when the tide goes out, you see who is actually swimming

00:02:05.400 naked.

00:02:05.800 And, you know, if the tide goes out, and you're still wearing your swimming shorts, then you've

00:02:12.040 got a good chance to be successful over the long term, because it wipes out all of your

00:02:15.800 competitors.

00:02:17.160 And again, this is exactly what we saw at the railroads.

00:02:19.660 We saw this in the dot com bust.

00:02:21.840 In fact, I would argue, probably the best time to start a web type business was back 2003,

00:02:29.580 2004, 2005, like two or three years after you see this massive bust.

00:02:34.400 So I've been I was pretty critical about, you know, the hysteria that we saw, because

00:02:42.320 to me, a year ago, it was just so painfully obvious.

00:02:45.680 But now I'm actually probably on the other side of the boat saying, well, wait a minute,

00:02:50.740 I know that there's a lot of frauds out here.

00:02:52.840 And we're going to have to see how this plays out.

00:02:54.520 We're definitely not at a level where I would consider capitulation.

00:02:58.340 But it doesn't mean that there aren't some interesting things out there.

00:03:02.840 And the lower the price goes and the more frauds and the more bankruptcies we see, the

00:03:10.380 more interested I get.

00:03:12.360 And I think that's probably key to being a contrarian indicator or a contrarian investor.

00:03:18.580 Do you think that the crypto bubble's completely popped and we've let all the extra air out

00:03:23.700 of it?

00:03:24.140 Or do you know, because I haven't seen capitulation yet.

00:03:26.640 And it doesn't mean that we're not at the bottom.

00:03:29.620 It's just usually if you study financial history, when you see these types of bubbles, you've

00:03:35.180 got to get to a point where like no, but like everyone that was really gung ho about it is

00:03:43.140 just swearing it off.

00:03:44.880 Like, you know, we never want anything to do with crypto for the rest of our lives.

00:03:49.120 This was stupid.

00:03:50.100 Anyone that gets involved is crazy.

00:03:52.260 It's only going to go down from here.

00:03:54.000 It's going to go to a zero and then you see the people like Michael Saylor as an example.

00:03:59.480 I've always said that, you know, I really like Bitcoin to have a purchasing power outside

00:04:06.960 of the commercial banking system.

00:04:09.120 That's the main reason I like it.

00:04:11.220 But I say for me, knowing when to buy and sell is all about psychology.

00:04:16.280 It's like Jim Rogers says, you've got to buy panic and sell hysteria.

00:04:20.900 So waiting for that panic, you know, when does it come if it's an asset that you're bullish

00:04:26.380 on long term?

00:04:27.200 And this is applicable to oil, commodities, stocks, crypto, Bitcoin, gold.

00:04:33.240 It doesn't matter.

00:04:34.020 It's just human psychology.

00:04:36.280 And so what I said is when I see Michael Saylor sell his Bitcoin, I'll know that's the time to buy.

00:04:43.420 Right, because that will represent absolute capitulation.

00:04:47.400 Another thing that I thought would be kind of an indicator would be the Bitcoin conference.

00:04:55.600 Now, I don't think you've been to this down in Florida, but I went in, what did I go?

00:05:02.560 It would have been 2021.

00:05:05.980 I was at the Bitcoin conference and it was like a circus.

00:05:09.740 I mean, there were 15, 20,000 people there.

00:05:12.340 It was absolute madness.

00:05:15.880 A lot of fun.

00:05:17.240 But I tell people, you know, follow how many people are actually attending the Bitcoin conference

00:05:22.860 annually.

00:05:23.840 And when you see that drop from 15,000 down to 1,000, that's when you start to get interested.

00:05:31.660 Right.

00:05:31.780 I see.

00:05:32.300 And that's when you want to catch it for the next cycle up.

00:05:35.180 But it always goes back to just Jim Rogers.

00:05:38.500 You know, he's my favorite investor.

00:05:39.800 And if people can just ask themselves, OK, am I seeing absolute panic right now or am I

00:05:46.980 selling, seeing absolute hysteria?

00:05:49.000 And if you're not seeing one of those two things, then you usually just sit on the sidelines.

00:05:53.660 OK, that's an interesting angle.

00:05:54.980 Do you think that Bitcoin is the same as cryptocurrencies or is it completely separate?

00:06:01.320 It's just a commodity?

00:06:01.860 I do not.

00:06:03.760 I think Bitcoin is definitely superior to the other cryptocurrencies, especially if you're

00:06:09.200 talking about the just the jokes like Dogecoin or Shibu Inu or something like that.

00:06:15.400 I think that's pretty obvious.

00:06:17.600 But I would argue that the Bitcoin community got caught up in the exact same type of mania

00:06:27.860 that the the community around Shibu Inu or GameStop or Dogecoin.

00:06:35.620 It was the same mentality.

00:06:37.960 Right.

00:06:38.220 You got to buy it now.

00:06:39.280 You got to get on the train because it's going to a million.

00:06:41.880 And if you don't buy it now, have fun staying poor.

00:06:44.360 Yes, Bitcoin is significantly different.

00:06:48.300 But unfortunately, back then, I think the community fell into the same trap.

00:06:53.780 And I mean, you had people like Saylor coming out and said to mortgage your house, mortgage

00:06:57.400 your house to buy Bitcoin.

00:06:59.800 And I and I went on several podcasts back then when the interviewer would ask me, well, why

00:07:06.760 not max out your credit card to buy Bitcoin?

00:07:09.240 I'd be like, I would have nothing because that's such an insane question.

00:07:15.460 Like, I wouldn't even know how to respond.

00:07:18.260 So definitely the underlying asset completely different.

00:07:22.160 But at the end of the day, we're all human beings.

00:07:25.300 Yeah.

00:07:25.760 Maxing out your credit card to buy anything that speculative is generally not a good idea.

00:07:31.240 Ask me how I know.

00:07:32.100 It's never a good idea.

00:07:33.020 One of the biggest debt settlement companies in Canada.

00:07:35.060 It's like a lot of people show up with that problem.

00:07:38.920 Oh, yeah.

00:07:39.560 Yeah.

00:07:39.960 You've been on the other side of that.

00:07:41.220 Yeah.

00:07:41.320 I forgot with your past business.

00:07:43.520 Yeah.

00:07:43.880 Yeah.

00:07:44.100 So I saw a lot of people not understanding the basics of the credit card machine.

00:07:50.880 Yeah.

00:07:51.360 Crazy.

00:07:51.900 So what else is going on that you see happening, you know, aside from crypto?

00:07:55.440 I mean, like crypto will be interesting.

00:07:57.220 I think we I think you're correct.

00:07:58.560 All the chart guys, you know, seem to be saying that we've got another drop, probably somewhere between eight to 12K.

00:08:06.100 Yeah.

00:08:06.320 And I think in the past, historically, like December has been one of the worst months, you know, for crypto.

00:08:11.780 So if it's going to happen, it'll probably happen in the next month.

00:08:13.900 So I don't know.

00:08:14.780 I mean, I don't know.

00:08:16.460 I start with macro, Rich.

00:08:17.500 I start with macro, then I kind of go down from there.

00:08:20.060 So if you look at the yield curve right now in the United States with the Treasury market, you see that we just have this massive inversion.

00:08:28.140 So, in fact, I just did a whiteboard video on this this morning where the one month Treasury, the three month Treasury is trading higher than the 10 year Treasury and the 30 year Treasury.

00:08:41.140 And it gets even more extreme where the we have the Fed funds rate here, which is the overnight rate that the Federal Reserve pays the banks for keeping their cash at the Fed right now.

00:08:51.620 And that's an overnight rate.

00:08:53.040 That's three point nine percent.

00:08:55.300 And we see the 10 year and the 30 year trading under three point nine percent to be precise.

00:09:01.220 When I looked at it this morning, the 10 year was trading at three point six eight.

00:09:05.320 And so and I went back in my whiteboard video to 1955.

00:09:11.820 And when you go back that far, if you look at the inversion between the one year and the 10 year, it predicted 100 percent of the recessions since we've had since 1955.

00:09:22.600 And there was only one time that it got it wrong where it actually predicted a recession, but we didn't have one.

00:09:29.020 And that was in 1965.

00:09:30.600 But I'd like to point out that in 1965, the GDP went from 10.1 percent for GDP growth went from 10.1 percent all the way down to point two.

00:09:42.340 So a decrease in GDP of 10 percent over the span of I don't know if it's like five or six months, something like that after the you saw the inversion.

00:09:54.820 So this is one of the most powerful, probably the most powerful economic indicator we have in macroeconomics.

00:10:02.020 And it's it's predictability is just second to none.

00:10:05.940 And right now it is screaming that the United States is going to have a significant recession, if not depression, going into 2023.

00:10:15.380 You know, maybe in the middle, maybe the end some, you know, the timing gets a little difficult, difficult there.

00:10:19.780 But whenever you see the curve inverted this this much, it's it's it's not a matter of if it's it's only a matter of when.

00:10:28.500 So why does that matter to people that are interested in crypto or gold or commodities or anything like that or real estate, for that matter?

00:10:36.360 It's because when we go into a recession, you can just go back and look at March of 2020.

00:10:41.480 Look what the stock market did go back to 2008, 2009, look at what this look at what assets that the price does.

00:10:48.980 It goes down because it's risk off, risk off, risk off.

00:10:51.940 Everyone wants to just buy dollars going to cash or they want to buy bonds, which is why you get the inversion in the curve,

00:10:59.260 because all these large pools of money are trying to hedge their book.

00:11:03.200 They're trying to hedge their portfolio by buying bonds because they think that the economy is going to get so bad that they're going to either lose on their bull positions.

00:11:11.480 Or they're using it as a capital gain opportunity because they think the Fed's going to pivot as a result of the bad economic news.

00:11:19.460 And then they're going to get a capital appreciation because there's an inverse correlation between the price of the bond and the actual interest rate.

00:11:27.380 So my point there is that if you're asking me, you know, are we at the bottom of crypto?

00:11:33.660 I would say probably not looking at the yield curve, because if it is right, like it has been since 1955,

00:11:40.520 then we're in for a lot more pain before we see kind of the light at the end of the tunnel.

00:11:47.860 Does that also apply to the stock market?

00:11:49.740 Yes, absolutely.

00:11:50.680 It applies to the stock market and it applies to the price of gold.

00:11:54.260 Now, a lot of people have seen that gold has really gone up because the inflation rate in the United States has started to tick down.

00:12:03.400 We call that disinflation.

00:12:05.260 And so the market is predicting that the Fed is going to what we call pivot.

00:12:10.200 They're going to stop raising rates a lot sooner than the market had expected.

00:12:14.700 So then you get that interest rate differential between the Fed's overnight rate and maybe some of the other central banks,

00:12:22.320 which could be negative for the dollar, which means gold rips higher.

00:12:26.680 But let's go back and look at what happened to gold in March of 2020 when the market freezes,

00:12:33.660 the credit markets freeze, and people have to sell anything on their balance sheet that's liquid.

00:12:38.740 That's usually gold.

00:12:40.320 So you see the price absolutely plummet.

00:12:42.640 The exact same thing happened in 2008 when Lehman Brothers went bust.

00:12:47.640 You would think that the price of gold would skyrocket.

00:12:50.280 No, it absolutely tanked.

00:12:52.300 But that was your buying opportunity because the way the central planners and the authoritarians and the central bankers,

00:13:00.260 the way they quote unquote fix the problem is by doing all of these programs like quantitative easing.

00:13:06.660 And or if you want to call it money printing, we'll use that term loosely.

00:13:09.580 And that's always very, very bullish for the price of gold.

00:13:14.100 So it's pretty much any asset that you can think of, whether it's commodities, stocks, precious metals, real estate, crypto,

00:13:22.000 everything other than just cold, hard cash and in treasuries.

00:13:26.840 And that's why for my own portfolio, I've got a lot more dry powder today than I usually have as far as an overall percentage.

00:13:35.920 So, okay, well, I mean, you talked about cash is what you like a lot of right now.

00:13:41.980 Is there anything on the markets that you're eyeing right now or buying?

00:13:48.220 I mean, it sounds like you're basically saying stay away from just about everything right now.

00:13:51.600 But is there anything that you like?

00:13:53.020 Yeah, I'm actually buying short term T-bills.

00:13:54.740 So when we look at the maturities there, I've been buying six month and one year T-bills in my own portfolio because long term, I'm a huge fan of commodities.

00:14:06.700 I think we're going into an energy crisis due to everything the World Economic Forum is doing, you know, the global elite, the IMF, the Klaus Schwab types, you know, in regards to climate change.

00:14:18.040 So I think we're going to have a huge shortage in energy, which is going to make the price skyrocket.

00:14:23.540 But this is over the next 10 to 15 years.

00:14:25.740 Usually super cycles play out over a decade.

00:14:30.100 And we've seen the price of commodities that I really like long term, such as coal and copper, run significantly over the last, call it two years, really since March of 2020.

00:14:41.400 So I don't want to chase the price.

00:14:43.460 Again, we want to buy things when they're cheap and sell them when they're expensive.

00:14:46.660 And they're not cheap right now.

00:14:48.960 So having that long term view, what I want to do in the interim, in the short term, is buy short term T-bills these six in one year because the interest rate is very high relative to where I think the interest rate is going to be in 2023 if the bond market and the inversion in the yield curve is correct.

00:15:10.420 What is the yield currently on those T-bills?

00:15:14.260 It's, I'm looking at my board here.

00:15:16.040 Where the, the one year, just to give you an example, is at 4.7.

00:15:21.460 Okay.

00:15:22.420 4.7%.

00:15:23.560 So what happens if you were to buy these T-bills today, let's go over a worst case scenario.

00:15:29.520 The worst case scenario is if nothing happens to the price of commodities or whatever asset you want to buy with this dry powder and you just hold them to maturity.

00:15:38.160 And then at the end, you just get 100% of your principal back plus 4.7%.

00:15:44.620 That, that's the absolute worst case scenario.

00:15:47.740 And now in the United States, you can say, George, well, you're still losing purchasing power because the rate of inflation is higher than that.

00:15:53.260 And I completely get it.

00:15:54.660 I agree.

00:15:55.220 That's kind of the cost you pay for having that liquidity.

00:15:58.380 But if you're in Canada or if you're in Europe, the UK, Australia, or where I'm in, Colombia, where your expenses are denominated in another currency, it might not matter if the dollar continues to appreciate against the currency that your expenses are denominated in.

00:16:16.960 Right.

00:16:17.700 Because you don't, as, as, as a Canadian citizen, as an example, you don't care what the inflation rate in the United States is.

00:16:24.480 Because if you buy a one-year T-bill and that's denominated in dollars at 4.7%.

00:16:29.800 And during that timeframe, let's say the inflation rate in Canada is 5%, but the dollar appreciates 10% against the Canadian dollar, you got a double whammy right there.

00:16:41.560 You see, whereas if your expenses are denominated in dollars, then it's a little bit of a disadvantage because you're, you're, you're definitely going to lose that purchasing power because 4.7% isn't keeping up with the rate of inflation.

00:16:56.480 But for me, it's just like kind of buying an insurance policy.

00:17:00.020 Now let's look at what happens if it works out and if the yield curve is correct.

00:17:05.800 Well, then the Fed is going to drop rates.

00:17:08.680 Let's say back down to zero.

00:17:10.100 Well, if they drop rates back down to zero because of an economic recession, what's going to happen to the yield on the one year treasury that's going to go straight down.

00:17:19.060 So let's just say that the yield goes from 4% down to 1%.

00:17:22.820 Well, that's a capital gain for the person that owns that treasury.

00:17:26.880 Because again, there's an inverse relationship between the price and the interest rate.

00:17:30.940 So interest rate goes down, price goes up.

00:17:33.780 So then you have more purchasing power than you had before.

00:17:37.500 And if you want to sell it, say after six months.

00:17:40.480 So let's just say as a result of this recession, the demand side plummets or commodities.

00:17:46.260 So that's going to bring down the price of all the stuff that I want to buy to a level that I would consider quote unquote cheap.

00:17:54.480 So you kind of get a double whammy there.

00:17:56.980 Instead of just keeping your cash in the checking account making, let's say, 50 basis points, you keep your dry powder in a T-bill where if everything plays out the way you think it's going to play out, you're going to get a capital gain on the dry powder, which will allow you to buy more of the cheap commodities that you want to hold over the next decade.

00:18:16.800 So that's kind of my current game plan.

00:18:19.420 I think you made reference last time we talked to uranium.

00:18:24.440 Oh, yeah.

00:18:25.120 You know, that is an industry.

00:18:26.240 Yeah.

00:18:26.960 Are you still hot on that or?

00:18:28.600 Absolutely.

00:18:29.360 Absolutely.

00:18:29.740 I mean, let's go through all of the mistakes that have been made in the European Union in relationship to Putin, Russia and Ukraine.

00:18:40.920 I mean, the first thing that they do is they come out and they do all these sanctions.

00:18:44.580 Well, how did that work out for them?

00:18:46.920 Right.

00:18:47.200 I would argue that those sanctions impacted the European Union far more negatively than it impacted Russia.

00:18:54.400 But you see that the price of energy just absolutely skyrockets to the point, unfortunately, where this winter, a lot of people over there might not be able to afford, you know, just heating their home.

00:19:06.420 Which is, by the way, is another problem that we have here in the United States with diesel up in the northeast as a result of these crazy policies towards Russia, which, you know, I'm no fan of Russia.

00:19:17.900 But I am a fan of doing something to them that will hurt us less than it hurts them.

00:19:24.260 You know, kind of common sense and a cost benefit analysis.

00:19:28.380 But anyway, you know, let's go back to 1980.

00:19:31.540 And we had the green or maybe it was 78.

00:19:34.540 That's when the Green Party started in Germany and their battle cry.

00:19:38.760 One of their battle cries back then, Rich, was to get rid of nuclear.

00:19:42.240 We got to get rid of nuclear.

00:19:43.540 Got to get rid of nuclear.

00:19:44.500 So long in the 1990s, along comes this politician who's, of course, Machiavellian.

00:19:49.320 And he sees an opportunity there.

00:19:50.860 He doesn't give it.

00:19:51.840 He doesn't care about the polar bears or, you know, the temperature in the ocean.

00:19:56.200 He just sees this as an opportunity to usurp power and control.

00:20:00.260 His name is Gerhard Schroeder.

00:20:02.200 So Gerhard Schroeder comes along.

00:20:03.800 He says, OK, Green Party, I'll go ahead and pander to you guys.

00:20:07.240 If you if we if and at the time he wasn't part of the Green Party, but he kind of combined them.

00:20:12.800 And he said, OK, if I get elected, then I'm going to go ahead and get rid of all this dirty, horrible, horrible nuclear energy.

00:20:20.460 So he does that in the early 2000s.

00:20:22.840 He gets rid of the nuclear energy.

00:20:24.640 But what does he replace it with?

00:20:26.200 He replaces it with a pipeline going straight to Russia for net gas called Nord Stream.

00:20:30.980 Maybe you've heard of it.

00:20:32.220 Yeah.

00:20:32.360 Right.

00:20:32.740 So in an effort to pander to his constituents, they take a source of a very, very clean energy and they replace it with something that's far more detrimental to the environment.

00:20:44.880 And they make their self completely dependent upon Russian net gas and therefore giving Putin all the leverage in the world.

00:20:55.040 And so fast forward to today when they go ahead and implement these sanctions.

00:21:01.060 Now, what are they trans?

00:21:02.360 Because they don't have the net gas.

00:21:04.000 So what are they having to transition to?

00:21:06.260 Well, now they're having to use more coal, coal rich coal than they ever have in the last, let's say, 30 or 40 years.

00:21:13.940 And some people are literally having to go out and cut down timber wood like in their backyard just to heat their house, which has probably a bigger impact on the environment than coal does.

00:21:26.300 So my point here is that all these central planners and authoritarians and all these people, excuse me, that are really Malthusians at heart.

00:21:36.340 I call them the Malthusian cult.

00:21:38.140 And that's the World Economic Forum.

00:21:40.000 That's the the EU, the UN, the IMF and all of their cronies.

00:21:46.120 And unfortunately, they've got a lot of influence over corporate America as well.

00:21:49.180 But these people truly believe that there are too many human beings on the planet Earth relative to the amount of scarce resources we have.

00:21:57.860 So they have two objectives.

00:21:59.820 One is to make sure that people use less energy.

00:22:03.180 And they're doing a very good job of that right now in Europe.

00:22:05.780 And number two is to decrease the population like Bill Gates always talks about.

00:22:11.240 But, you know, they won't say, well, we want to actually kill people.

00:22:14.560 But they'll say, well, we want to reduce the population growth or we want to reduce the birth rate, something like that.

00:22:21.480 So these and these are their two objectives going all the way back to when Klaus started the World Economic Forum in 1971.

00:22:27.800 Right. And the Club of Rome in 1968.

00:22:30.820 You guys can can do all the research.

00:22:33.040 I've done a lot of whiteboard videos on this.

00:22:35.000 But the point here is that climate change is just a Trojan horse.

00:22:39.120 It's just a way to allow them to use a marketing tool.

00:22:44.980 Right. To really package what their true objectives are, because using less energy, therefore lowering the standard of living for the entire globe or just killing, you know, half the people, half the population, you know, call it four billion people.

00:22:58.920 That that doesn't really sell.

00:23:00.760 So you've got you've got to use some marketing strategy there and package it a different way.

00:23:07.280 So my point is we see this climate change narrative and I'm all for clean air.

00:23:11.920 I want to be very, very clear.

00:23:13.640 But what I'm saying is the people pushing this narrative, most of them, especially at the top, they don't care about clean air.

00:23:20.360 They only care about those two objectives, usurping power and control.

00:23:25.140 Right.

00:23:25.780 So what do you think is in it for them?

00:23:27.780 Because I always like to ask that that question when it comes to these ideas, like what's in it for these conglomerates to reduce and eliminate more of the population?

00:23:39.420 There are several things there.

00:23:40.880 First and foremost, it's their it's their religion.

00:23:43.220 They truly believe they're doing good.

00:23:45.000 So I think if you and I sat down with Klaus and had a couple of beers, I don't think he would come out and say, you know, oh, I just I love murdering people.

00:23:57.360 I think he would.

00:23:59.760 Exactly.

00:24:00.520 Right.

00:24:01.000 Exactly.

00:24:01.520 I think he would say, listen, the fact of the matter is that Thomas Malthus was right, that we have if we have exponential population growth in a world with limited resources, at some point that has to bring down the standard of living for all the people in the world, because energy is the economy.

00:24:24.480 People have to realize that you can you can look at a chart of our energy use globally.

00:24:31.520 And it tracks perfectly with GDP growth and the global population.

00:24:37.860 So as if we have access to more and more energy, if we're able to use more energy, that's going to increase the standard of living for the people in aggregate total.

00:24:47.340 So if we have access to less energy because the population is growing exponentially and the energy, the amount of energy you have access to flatlines, the only thing that can happen is the standard of living coming down.

00:24:59.280 So Klaus would say we don't want that to happen.

00:25:02.660 So in order to prevent that, unfortunately, we've got to make some hard decisions.

00:25:06.980 And a hard decision is we've got to create an equilibrium between the population and the environment in which we live and the amount of resources that we have access to.

00:25:20.240 And in order to do that, you've got to reduce the energy use in the rich countries and you've got to reduce the population in the poor countries.

00:25:29.520 And why would he say that? Because the poor countries are the ones that they really have to focus on because they're the ones that go from, first of all, right now, they're using a lot less energy than we are in the West.

00:25:41.920 Right. And if you've ever been to like Ecuador or something like that, you know what I'm talking about.

00:25:45.960 They're just they're living in a, you know, a brick kind of hut thing here and they're riding around on a bicycle.

00:25:51.400 But what happens is as their standard or as their GDP grows, then they use more and more energy because they go from riding a bicycle to riding a scooter.

00:26:01.260 And then they go from riding a scooter to driving a little car and then they go to driving a truck and then they're what they eat changes as well.

00:26:10.960 They go from just eating rice and then they start eating more and more protein.

00:26:15.900 Well, protein requires a lot of energy.

00:26:19.680 And so the the the the Klaus types, they see that and they say, OK, well, we can't we understand that human beings are hardwired to always want something better for themselves and for their children and for the generations to come.

00:26:33.520 So we can't prevent them from going from a bicycle to a moped.

00:26:36.720 That ain't going to happen.

00:26:37.800 So what we have to do is we just have to lower the population in those areas that have those types of opportunity or that, you know, basically everyone is going to want that opportunity.

00:26:50.660 So we just have to decrease the population in aggregate total.

00:26:54.340 Now, I think they'd say that, you know, maybe after two beers, Klaus would say, OK, well, we want to do that by just discouraging population growth, just like the one child policy in China, as an example.

00:27:06.980 So we just want to promote birth control or we want to promote the idea that people should just have one child or two children or whatever.

00:27:18.840 But I think after about four or five beers, then you it would turn a little darker as far as the conversation.

00:27:25.040 And it would go from, well, we need to promote having fewer children to we need to enforce this from a top down standpoint.

00:27:34.360 And then maybe after 10 beers, you'd get to the the Thanos plan, which is what I call it.

00:27:40.680 And if you saw that movie, exactly.

00:27:43.960 You got it.

00:27:44.580 You got it.

00:27:45.200 So so I mean, here's what's really interesting about that.

00:27:48.820 I know Justin Trudeau is one of Klaus Schwab's best buddies.

00:27:52.200 Oh, he's a disciple.

00:27:53.460 He's like a Klaus Schwab mini me.

00:27:55.180 Yeah. And there was there was an article or a or a conversation piece that came out from Max Bernier, who's like the main opposition who doesn't even have a seat in parliament.

00:28:05.940 But he's he's the guy saying, you know, we need we we need a little more freedom, less rules, lower taxes, you know, get out of my life, stay out of my pockets and get the hell out of here sort of thing.

00:28:16.960 And Trudeau has been talking about increasing the immigration rates into Canada, which kind of contrasts, you know, the whole notion of lowering population, population density, energy usage and all that.

00:28:30.520 Right. And I think the number was doubling, if I'm not mistaken.

00:28:33.840 So why double your immigration rates into Canada if you're drunk on the Klaus Schwab Kool-Aid to lower the population, reduce population, lower energy consumption, when that in theory would be the opposite?

00:28:49.280 Do you have any thoughts on that?

00:28:50.780 Yeah, I do. I think, number one, it's part of this woke narrative.

00:28:54.360 So a lot of times that conflicts with the overall main objectives of the global elite.

00:28:58.940 But also, too, if you look at what truly does lower population, it's when people become richer.

00:29:06.160 So and Bill Gates will tell you that it's when people become healthier, that that's complete BS.

00:29:11.860 He's just trying to sell you, you know, some oceanfront property in Arizona just to push his narrative.

00:29:17.400 But when when people get richer, they do have fewer kids.

00:29:20.380 And so that could be it when they're trying to bring all these people from maybe poorer countries into the richer countries, assuming that their standard of living will increase.

00:29:30.780 Therefore, they'll reproduce a lot less.

00:29:34.600 That's an interesting theory. OK.

00:29:37.500 So take them out of environment where they'd normally have four or five kids, put them in one.

00:29:41.660 Well, I might have one or two.

00:29:43.040 Yeah, exactly. And not only that, but to put them into an environment where they will vote for you so you can continually stay in power.

00:29:50.380 Well, there's probably a lot of of reasons why they may push that narrative or that agenda.

00:30:01.860 It doesn't seem to be slowing down, though, does it?

00:30:05.320 No, it's well, I'm like the craziness.

00:30:09.760 Yeah. Yeah.

00:30:11.280 What I always say is that every night I go to bed and I think to myself, well, the good news is it can't get any crazier.

00:30:18.460 And then I wake up the next morning and read the news.

00:30:21.280 You know, I, you know, I, you know, I did this reaction piece to Jordan Peterson's three part series on the Daily Wire about encouraging guys to marry.

00:30:30.960 If you haven't seen it, you should go watch it on the Unplugged Alpha podcast.

00:30:35.960 It's it's from like two weeks ago.

00:30:37.840 And because I subscribe to the Daily Wire, I figured, you know, I check out what was on it.

00:30:41.960 And I saw this one that caught my eye, which was what is a woman by Matt Walsh.

00:30:46.440 And I don't know, that was a 90 minute train wreck.

00:30:49.380 Like by the end of it, I, you know, by the time I was done, I just looked at my girl and I was like, I don't really belong in this world.

00:30:56.260 Like, I don't agree with any of this.

00:30:58.940 That's not me.

00:31:00.040 I'm not like, I don't, I'm not nodding my head here.

00:31:03.280 It's just, I can totally relate, Rich.

00:31:05.520 You know, it's like, where are we going here, man?

00:31:08.200 Like, is this really what's becoming so common?

00:31:10.480 And every time, you know, I look around, it's like, well, that's batshit crazy.

00:31:14.080 And there's more of this batshit crazy stuff over here.

00:31:16.540 And it's like, am I the only one that's still sane?

00:31:20.480 You know, that, you know, that whole code in the matrix sort of thing.

00:31:23.040 Um, you were, uh, talking in a few videos in the past month on your YouTube channel.

00:31:29.160 If you guys haven't subscribed to George Gammon, do so.

00:31:31.620 Uh, he has two channels, George Gammon and another one called the Rebel Capitalist.

00:31:35.020 He also runs a live event.

00:31:36.620 So definitely check them out if you don't know about him.

00:31:38.480 But you were talking about the psychotic plans of these global elites.

00:31:43.460 Can you, can you dive into that a little bit more and why that's such a huge risk to us in the economy right now?

00:31:50.040 Yeah.

00:31:50.180 I mean, we were talking about a lot of their psychotic plans earlier, but, uh, from a standpoint

00:31:55.100 of macro, the gal at the UN, her name is, uh, Rebecca Greenspan.

00:32:02.680 I'm not mistaken.

00:32:03.500 I know that last name is correct because I remember it was the same as Alan Greenspan.

00:32:06.660 What is her position there?

00:32:08.180 She is, uh, the head of the economic department.

00:32:12.540 I can't remember exactly what her title is, but she's the one that, uh, kind of goes out

00:32:18.520 and tells the media what their economic policies or prescriptions are.

00:32:22.160 Oh, so she's providing the sound bites to media outlets.

00:32:25.160 Yeah.

00:32:25.760 And she's the one that gets interviewed and all those things.

00:32:27.960 Got it.

00:32:28.200 And so her, her counterpart over at the IMF is a gal called, uh, Christina, or it's like

00:32:34.480 Georgiova or something like that.

00:32:36.180 Uh, and, uh, you can tell that these two gals that are probably the most powerful over in

00:32:44.800 Europe and Christine Lagarde at the IMF or at, uh, she was at the IMF.

00:32:49.600 Now she's, uh, the head of the ECB and Janet Yellen.

00:32:53.360 Um, they're all kind of, uh, I think they all get the same script.

00:32:58.460 So when you hear what they're all saying, if they're saying the same thing, I think it

00:33:05.100 kind of gives you an edge to know what they will be pushing within the next year.

00:33:12.040 And then you can assess the probabilities of it coming to fruition.

00:33:14.940 And then you can see if the mainstream media really starts picking up on this.

00:33:19.360 And if the federal reserve starts picking up on this as well, as an example, back in

00:33:25.900 2019, when I first started my YouTube channel, I was talking about a central bank digital

00:33:30.580 currency and rich, everybody was telling me that I was a conspiracy theorist.

00:33:35.960 Oh, George, you're fear-mongering.

00:33:38.320 You're Alex Jones.

00:33:39.620 You're a tinfoil hatter, blah, blah, blah, blah, blah.

00:33:42.180 Well now, and I'm sure this isn't a surprise to any of your, your viewers that now the federal

00:33:48.280 reserve has come right out.

00:33:49.740 And not only are they talking about a central bank, they're testing one.

00:33:54.060 That's right.

00:33:54.520 They've got a pilot program right now, 12 week program as we speak where they're testing

00:33:58.960 a central bank digital currency.

00:34:01.120 How are they testing it?

00:34:01.780 Can you, can you dive into that?

00:34:02.720 Cause I haven't got the details and can you explain why that's such a big risk to us?

00:34:06.660 Yeah.

00:34:06.920 Let, let, let me get there in one moment.

00:34:08.840 Uh, but, but one of the, the, the key crazy things that they're scripting now, which we may

00:34:13.960 see come out in the future, what, what Janet Yellen and Rebecca and Christina and Christine

00:34:18.940 Lagarde, what they're talking about is capping interest rates with the central banks.

00:34:24.700 So I think that the central bank in Canada, correct me if I'm wrong, has been increasing

00:34:29.440 interest rates along with the ECB.

00:34:31.840 And everyone knows that the federal reserve is doing this and their position is, Hey, if

00:34:36.340 you continue to do this, you're going to create unemployment or further unemployment.

00:34:41.420 You're going to increase the unemployment rate and that's not fair to the poor and middle

00:34:44.840 class, blah, blah, blah, blah, blah.

00:34:46.120 So what we need to do is we need to increase interest rates just to a point where it starts

00:34:51.360 to negatively impact the unemployment rate.

00:34:54.220 And then what we need to do, if we still have inflation is we need to send out stimmy

00:35:00.020 checks for people to afford the higher prices for gas, food, shelter, et cetera.

00:35:05.440 Now, for those of your viewers who are rather sophisticated, they'll say, well, that's complete

00:35:09.920 insanity because that's only going to exacerbate the problem of consumer price inflation.

00:35:15.440 But they've got a solution there, quote unquote.

00:35:18.020 I think what they're going to come out with and what they've talked about is price controls.

00:35:22.500 So they're going to say, okay, Fed, you can only take rates up to, let's say, 5%.

00:35:26.520 And once we see the unemployment rate notch up from 3.7, let's say, to 4.2, now all of a

00:35:33.240 sudden we've got to drop rates back down to, let's say, 4% to make sure that we're not

00:35:37.540 damaging the poor and middle class.

00:35:39.720 And then if inflation is still at, let's say, 5, 6, 7, 8%, then we need to start standing

00:35:44.960 out stimmy checks again.

00:35:46.280 And then we need to cap inflation because we know that that's produced exclusively by just

00:35:52.460 greedy capitalists.

00:35:53.800 We know that's the reason for inflation.

00:35:56.080 So let's just stick it to the greedy capitalists that are trying to stick it to the average Joe

00:36:00.160 and Jane, and we'll implement price controls.

00:36:03.480 So I just want to mention that because I think that your community should kind of just take

00:36:08.460 a mental note there and start trying to notice this narrative being talked about more and more and

00:36:16.700 more throughout the mainstream media.

00:36:19.740 Because if they do that, they'll be able to understand what the probabilities are that this

00:36:24.000 comes to fruition.

00:36:25.280 And if it does, you'll definitely need to understand that to position your portfolio

00:36:28.880 in a way that's going to make sure that you're not only surviving the storm, but hopefully

00:36:36.880 you're thriving through all these insane policies.

00:36:39.860 Now, going back to the central bank digital currency question, this is really interesting.

00:36:45.160 Most people understand that if there is a central bank digital currency, that means they're going

00:36:49.740 to be able to monitor every single transaction you do.

00:36:53.960 You meaning every business, every person, and the entire population, the entire society.

00:37:00.720 So this is Orwellian on steroids.

00:37:03.900 I mean, this is a dystopian nightmare, to say the least.

00:37:07.220 But that's not where it ends.

00:37:09.160 What most people don't understand is a central bank digital currency means that your dollars

00:37:16.440 or your Canadian dollars, whatever you have in your checking account, which is currently

00:37:20.840 a liability of your local bank, let's say down here in the United States, it's Wells Fargo

00:37:25.660 or Bank of America, that would become a liability of the Federal Reserve.

00:37:31.400 In other words, your checking account would move from Bank of America over to the Federal

00:37:37.620 Reserve, just like JP Morgan has an account with the Fed.

00:37:41.480 We call it bank reserves, a reserve account, or Goldman Sachs, something like that.

00:37:46.080 So why does this matter?

00:37:48.660 Because there's a big key distinction between the Federal Reserve and your local bank.

00:37:53.960 Your local bank doesn't have an infinite balance sheet.

00:37:57.580 They actually are a for-profit business.

00:38:00.740 So they have to worry about a P&L, right?

00:38:03.720 If they can go bust, they can be insolvent.

00:38:07.180 Now, the Federal Reserve doesn't have that problem.

00:38:09.900 They have an infinite balance sheet.

00:38:11.800 They can have negative equity.

00:38:13.160 It doesn't matter.

00:38:14.060 They're not going to go out of business.

00:38:15.860 So what this means, if everyone has an account with the Fed, it means that they can start

00:38:20.740 issuing credit based on narrative, not based on merit.

00:38:27.560 See, right now, if you go out and apply for a loan for a house, let's say a million bucks,

00:38:32.700 well, they're going to look at your credit score.

00:38:34.360 They're basically going to look at your ability to pay the loan back.

00:38:37.380 But I think in the future, especially if we move to this central bank digital currency and

00:38:41.820 they start to ban cash, they're going to say, well, I mean, we need to do, what's the

00:38:46.820 word Trudeau would use?

00:38:48.180 Well, we need to employ equity or inclusion or, you know, fair.

00:38:53.700 Social credit score is where you're going.

00:38:55.760 Yeah.

00:38:56.040 We need to have a social credit score.

00:38:57.800 And what we need to do.

00:38:58.360 They won't say it.

00:39:00.340 Well, but basically we need to extend credit to those disadvantaged groups.

00:39:06.200 Right.

00:39:06.600 Uh, you know, so whether it's, uh, African-Americans or they're already starting to do that right

00:39:10.840 now with banks from what I've seen, where banks are offering discounted rates or lower

00:39:15.060 rates to people in certain groups that, you know, uh, you know, sort of go with the woke

00:39:20.760 narrative, if you know what I mean.

00:39:22.500 And I think they're going to do it to a greater degree in the future, especially if they get

00:39:25.520 the central bank digital currency, because they don't have to worry about being paid back.

00:39:29.920 You know, in fact, just the other day I did a video that the bank of Canada or the, is it

00:39:34.260 the Royal bank of Canada, your central bank up there just hosted a conference on basically

00:39:39.720 being woke and the, and the federal reserve down here tweeted about it saying, oh yeah,

00:39:44.220 isn't this awesome that the bank of, of Canada is doing this whole conference to try to figure

00:39:49.480 out how central banks can be more woke and be, and have more inclusion and diversity and

00:39:55.820 equity.

00:39:56.420 So if you combine that woke narrative with a central bank digital currency, what that means

00:40:02.680 is if you're a straight white guy, uh, then you might get that mortgage, but it's going

00:40:09.020 to be at 10%.

00:40:09.900 And if you're a, if you're a trans native American, uh, a furry or whatever it is, you know, then

00:40:20.100 your interest rate is going to be at 1%.

00:40:23.000 And, uh, this is what, one of the many, many reasons that I think a central bank digital

00:40:29.440 currency is so dangerous above and beyond just the, the 1984 big brother element of it.

00:40:36.860 You know, what's been interesting about all this over the last few years, especially in

00:40:39.700 Canada is the Trudeau government slowly been disarming Canadians.

00:40:43.200 I don't know if you know about this, but they've banned handguns and they're also talking

00:40:46.860 about, uh, banning semi-automatic long guns.

00:40:49.960 So we have three categories of guns here.

00:40:51.500 We have restricted, which is really only for security and licensed, uh, you know, police

00:40:55.800 forces, um, we have non-restricted and prohibited, right.

00:41:01.180 You know, prohibitor, like the full automatic, uh, M 16s that, you know, the military would

00:41:05.740 use, you know, for example, but they're licensed to carry it, but they're talking about taking

00:41:09.300 away long guns that are even semi-automatic, um, which is the next step.

00:41:14.220 So I'm not sure really what the, you know, what the country's going to look like in five

00:41:20.320 to 10 years time, but it's not going in a very nice direction, a very free direction.

00:41:27.220 And CBDCs have been talked about a lot over here.

00:41:30.700 Um, they're dangerous.

00:41:32.280 They're dangerous because they can program the money.

00:41:34.180 They can program, you know, where you can spend it, how long the money's, uh, on your

00:41:39.040 balance sheet for, you know, forcing you to spend it within a week or two.

00:41:42.040 And not only that, Rich, now they're coming out with these credit cards and these are being

00:41:45.640 pushed by the world economic forum, by the way, that, that, that show your carbon footprint

00:41:50.020 monthly.

00:41:50.720 Yeah.

00:41:51.260 So I think where they're going with this is to your point, that programmable money, they'll

00:41:55.920 give you a set allocation of carbon credits throughout the month.

00:41:59.880 So let's say that it's the 25th of the month, there's five days left and you've eaten too

00:42:05.180 many steaks or you filled up your truck too many times or your McLaren, you know, it only

00:42:10.320 gets six miles to the gallon or whatever.

00:42:11.700 Well, now you can't, you, you literally cannot buy any more gas.

00:42:16.360 You can't buy any more steak.

00:42:18.320 You can, or they might sell it to you, but at a tax rate, that's much higher.

00:42:21.000 Right.

00:42:22.040 Or yeah.

00:42:22.640 Or you'd have to pay like triple the price or something like that.

00:42:25.740 Uh, and, and how would they do that?

00:42:27.560 Because that money is programmable and they can make it do anything they want based on

00:42:33.360 their algorithm or your spending habits.

00:42:35.860 There's really no way to circumvent this either.

00:42:37.800 Right.

00:42:38.040 Because they're forcing you to use cash.

00:42:40.060 That's why I always say that it doesn't seem like a big deal banning cash.

00:42:44.760 Like, oh, who cares?

00:42:45.720 No one ever uses it.

00:42:47.020 Cash, gold, Bitcoin.

00:42:47.120 But when you really think it through, that's the only thing that stands between our freedom

00:42:52.120 and liberty and the central planners and authoritarians.

00:42:55.260 But like, I mean, the way they're going, the vast majority of the population who all,

00:42:59.120 you know, is drunk on the wokeness and wants to protect the environment and save the baby

00:43:03.620 seals and make sure the icebergs aren't melting.

00:43:06.040 They're probably going to line up to go and get these like carbon credit credit cards

00:43:11.560 just so they can virtue signal on social media.

00:43:14.300 I guarantee within the next year, you'll see circles on fucking Facebook with, I got

00:43:19.320 my carbon credit credit card.

00:43:20.680 I'm saving the environment.

00:43:21.880 You know, here's my number over here.

00:43:23.200 There's going to be a lot of people that will rush to that, I believe, anyway.

00:43:27.840 I don't know.

00:43:28.120 What do you think?

00:43:28.520 They're the useful idiots.

00:43:29.700 I couldn't agree more.

00:43:31.040 I could not agree more.

00:43:32.580 And I think what will make it even more impactful is not only this virtue signaling element that

00:43:37.120 you're referring to, but also I think this is how they're going to distribute universal

00:43:41.240 basic income.

00:43:42.920 Yeah.

00:43:43.140 They'll say in order to get the UBI, you know, the thousand bucks a month, you've got to go

00:43:48.660 to your phone and you've got to download the Fed app, right?

00:43:52.720 And that Fed app automatically gives you that account at the Fed.

00:43:56.280 So they're creating bank reserves, putting them in your account and letting you spend

00:43:59.840 them as legal tender.

00:44:01.280 But those bank, but those, you know, tokens that you're getting bank reserves, let's just

00:44:06.600 say that they're called Fed coin, right?

00:44:08.740 That is the programmable money.

00:44:11.000 And they're just going to use that to weed out all of the existing money and replace it.

00:44:15.180 So a hundred percent of it is programmable while at the same time banning cash.

00:44:19.560 And then, then you're screwed and you're done.

00:44:23.300 Is there a potential catalyst that could reverse this?

00:44:27.060 Is there something that could go wrong?

00:44:28.480 Like what could go wrong with this?

00:44:30.180 If anything?

00:44:30.760 Absolutely.

00:44:31.660 Yeah.

00:44:31.840 So here's the good news.

00:44:33.600 The good news is we, the people have the power to prevent all of this from happening.

00:44:39.920 And I would use as an example, the fall of the Soviet union, you know, Romania was

00:44:45.160 one of the last strongholds there.

00:44:47.660 And they had this guy, I can't recall his name, but he was just an extreme dictator and

00:44:53.360 he had been in power for two, three decades and he was absolutely ruthless.

00:44:58.880 He controlled the military.

00:45:00.700 Obviously you weren't allowed to own guns or anything like that.

00:45:03.260 He controlled the media.

00:45:04.500 He controlled the police, everything.

00:45:06.360 And so they started to protest because they wanted to be released from the stronghold of

00:45:15.380 the Soviet union because they saw all the other countries on the periphery doing the

00:45:20.420 exact same thing.

00:45:21.320 And they wanted democracy, you know, they wanted free market capitalism.

00:45:25.180 So, uh, what he would do whenever a protest would start up as he just literally shoot the

00:45:31.220 people, just go out there and you're dead.

00:45:33.720 So everyone was just living in fear, but at a certain point you had enough people to where

00:45:41.240 they kind of achieved escape velocity from a standpoint that they couldn't kill everybody.

00:45:45.580 So you had, let's say 50 people go out to the street.

00:45:48.220 Then all of a sudden the next day it was 10,000.

00:45:51.760 And then the next day it was a hundred thousand.

00:45:54.180 And then it got to the point where it was like 500,000 people that were all protesting in this,

00:46:01.400 in their main square there in the capital city.

00:46:04.700 And he came out to address the entire crowd and they basically started to boo him and whatnot,

00:46:11.240 which was absolutely unheard of.

00:46:13.740 Nine days later, the dude was dead.

00:46:15.940 They, they, they, they took him out back and just shot him and, and they didn't have any guns.

00:46:21.200 They didn't have the power of the military.

00:46:23.100 They just had the power of, of large numbers.

00:46:26.400 Right.

00:46:27.360 And that, that's what we have to remember as Americans, as, as Canadians, as Australians,

00:46:32.760 as people who value their freedom and liberty, that if we get pissed off enough,

00:46:38.740 if we unite, we have all the leverage, we have all the power and the control.

00:46:43.920 Another example I'll give you is back in the lockdowns, you know,

00:46:47.200 Phoenix is a city that I'm very familiar with and they're very pro gun.

00:46:52.280 And, uh, they have about 4 million people.

00:46:54.460 Okay.

00:46:55.040 Well, the government came in and locked everyone in a cage like they did in so many places back in 2020.

00:47:02.320 And, uh, sure.

00:47:03.420 There were people that were protesting and almost every person, let's say had a gun.

00:47:06.780 Um, now if a thousand guys, uh, you know, let's say alpha dudes went out there with their guns.

00:47:13.440 Um, yeah, that, that might make a dent, but within a day or two, the military would just completely wipe them out.

00:47:19.360 Uh, they, they would not have a chance against the police and the military, uh, especially the federal government got involved.

00:47:26.560 But let's just assume that with no guns whatsoever, all 4 million people in Phoenix,

00:47:33.420 when they instituted the lockdowns just said, no, no, I'm not staying in my house.

00:47:40.200 I'm going to go walk my dog.

00:47:41.780 No, I'm not going to close my business.

00:47:44.040 In fact, we're open nine to five today.

00:47:46.500 All the teachers said, no, we're not going to stop teaching the kids.

00:47:50.800 And the parents said, no, I'm not going to stop taking my kid to school.

00:47:54.200 So all 4 million people with no guns, just peacefully practicing civil, uh, disobedience.

00:48:00.660 What would the government do?

00:48:02.460 Nothing.

00:48:03.220 There's nothing they could, they would have just said, okay, I guess we're not doing that.

00:48:09.600 Let's move on to the next thing.

00:48:10.960 Right?

00:48:11.480 So that's the good news.

00:48:12.980 And that's, what's so awesome about the internet.

00:48:15.780 And it's so amazing about what you do and other people that are, I would say in the freedom

00:48:21.220 and liberty space, I know your main focus is on kind of, uh, you know, the, the sexual

00:48:26.980 dynamics between men and women.

00:48:28.760 But, uh, I, I think you, you know, you're like me, my main thing is macroeconomics, but

00:48:34.100 still the freedom and liberty message really seeps into everything that we do.

00:48:39.260 And, uh, that's what I think is, is that's what I'm really optimistic about.

00:48:43.700 Yeah.

00:48:44.160 I'm, I'm not as optimistic as you in that regard, because I've, I mean, I live in Canada,

00:48:49.340 so it's, so I see it from a different angle.

00:48:51.380 One, we don't have guns like you guys do.

00:48:54.080 Um, the other thing too, is it looks like the people here are, you know, it's a whole

00:49:01.600 like boiling the frog slowly.

00:49:03.000 Like it doesn't know it's being boiled sort of thing.

00:49:05.240 I think they're dripping out the wokeness and the nonsense and the narratives.

00:49:08.860 And the CBDCs and all this sort of stuff and the banning of the guns.

00:49:12.120 And the next thing that the government's doing right now, which is really interesting.

00:49:15.820 I don't know if you heard about this bill, um, in parliament, I think it's called bill

00:49:19.220 C-11, but it's basically going to allow the government to control all streaming services.

00:49:24.980 So the internet censorship.

00:49:27.520 Yeah.

00:49:27.640 Yeah.

00:49:27.860 Basically they've had control, you know, like over radio waves and television broadcasting

00:49:32.200 in Canada in the past, but now they're trying to expand that to YouTube, Netflix,

00:49:36.620 all these other programs and they're trying to do it under the guise of, you know, we

00:49:39.980 want to make sure Canadian content is, uh, you know, they're like, it's got a representation,

00:49:44.500 blah, blah, blah.

00:49:45.060 There's no misinformation and disinformation, hate speech, misogyny, you know, like all that

00:49:50.420 sort of stuff.

00:49:50.960 But the underlying notion of it all is because people have looked at the code in this sort

00:49:54.800 of matrix as well too, is no, this is, this is going to give the government full control

00:49:58.480 over information.

00:49:59.700 So while we have the internet today and we have, you know, freedom of information today,

00:50:04.280 there could be a time in the very near future in Canada.

00:50:06.640 Anyway, I don't know when that's going to come to the States.

00:50:08.480 It seems like the U S is a few years behind us where they are going to have a lot more

00:50:12.620 control over the information that goes like, like it's gotten to the point where there's

00:50:16.560 been some Canadian YouTubers that have, um, lobbied against this bill in parliament.

00:50:21.180 And I've had people reach out to me like, you know, is this something that you're interested

00:50:24.480 in?

00:50:24.720 Like you want to get involved?

00:50:25.480 And I did this back in 2012 and it was a waste of time.

00:50:27.880 So my view is I'm just going to let them do what they're going to do anyway, because

00:50:31.040 that's what they do here.

00:50:32.280 And I'll take a look at the legislation when it passes.

00:50:34.420 And if it forces me to move out of Canada, then that's something that I'll have to consider

00:50:37.580 at that time.

00:50:38.120 If it, you know, if it's, uh, if it's an option, but, um, yeah, I, I, I think America

00:50:44.840 is probably better positioned than Canada to deal with resisting, you know, the tyranny

00:50:51.220 that's coming from these psychotic plans, as you called them.

00:50:53.720 So, um, we'll see where it unfolds.

00:50:56.520 Oh man, it's going to be interesting time over the next five to 10 years or so.

00:50:59.300 Let me, uh, drop a couple of these super chats on the screen and address them.

00:51:02.060 Sam says, will a credit score be replaced by social credit score?

00:51:05.760 What do you think about that?

00:51:07.080 Yes.

00:51:07.840 Easy question.

00:51:09.120 I think it's going to blend the two together where it's like, I don't think your credit

00:51:12.520 score is going to matter as much as your social credit score right now.

00:51:15.440 What matters?

00:51:15.780 I think they might just, you know, your, your credit score might impact your social score, but

00:51:19.600 I think that's going to be what's most important.

00:51:21.220 Yeah, it's, it's certainly going to expand beyond that.

00:51:23.960 Cause like right now, when you go to a bank and you try to get a mortgage or you want to

00:51:26.880 borrow money, they're basically looking at your income.

00:51:29.160 What are you going to collateralize it with?

00:51:30.420 What does a house look like?

00:51:31.760 You know, what's your praise value, stuff like that.

00:51:33.700 They don't really care about your opinions online, but it, but my take on it, because money

00:51:38.480 doesn't really have any value.

00:51:39.480 Like you're like, why are we paying taxes?

00:51:41.540 If they can print an unlimited supply of money is, you know, one of the regular arguments that

00:51:45.700 you'll always hear, but the, the whole social credit score will let them determine whether

00:51:51.400 or not they want to give you something, or if they want to give preferential treatment

00:51:54.340 to someone else because of their narrative.

00:51:57.120 Um, and then Sam follows up and he says, after the fall of the Soviet union, a lot of

00:52:00.700 bureaucrats in Moscow were drinking themselves to death while their wives were shopping in

00:52:05.500 Western Europe.

00:52:06.160 Yeah.

00:52:08.020 Yeah.

00:52:08.660 And you know, one thing I'd like to remind your, your viewers who maybe might be on the

00:52:12.900 fence about the whole misinformation, disinformation saying, well, you know, maybe I can see some

00:52:17.940 advantages there.

00:52:18.960 Just ask yourself the question when throughout history have the people that have pushed censorship

00:52:26.760 been the good guys?

00:52:30.340 The answer is never, never.

00:52:33.140 So, so it's very safe to say that whatever group, I don't care if it's Trudeau, I don't

00:52:39.260 care if it's an, uh, you know, a government department, I don't care if it's Klaus, whoever

00:52:44.080 starts talking about the benefits of censorship and the evils of misinformation and disinformation,

00:52:51.620 you should not just ignore them, but you should put them in the bucket of people that, uh,

00:52:59.040 you, that, that are evil themselves.

00:53:01.680 You know, I think that's a good litmus test right now that if, uh, again, it doesn't matter

00:53:07.540 who they are, uh, if they start talking about that, especially if they're in government that

00:53:12.720 about misinformation, disinformation, and using that as kind of a buzzword and, uh, talking

00:53:17.960 about the benefits of censorship, you've just got to initially assume they're evil until

00:53:23.240 they prove you otherwise.

00:53:24.320 So there's a hearing now on the trucker's convoy, which we had here earlier this year.

00:53:30.560 And, you know, the Trudeau, the Trudeau government and his cronies are all being examined on this.

00:53:35.520 And it's come to light that, um, so we have a security agency here, but it's called CSIS is

00:53:41.380 very similar to the FBI and, you know, stuff like that.

00:53:43.960 Um, apparently the government, um, regardless of what the security agencies laws say, uh,

00:53:51.820 passed the emergencies act based on their opinions, not based on the law now.

00:53:55.620 So the, the liberal government's opinions now supersede law here in Canada, believe it

00:54:00.900 or not.

00:54:02.180 Jeez.

00:54:03.040 But, you know, looking at the silver lining there with, with Canadians, I know that you

00:54:09.280 guys have been subjected just to an unbelievable amount of, uh, draconian and Orwellian rules

00:54:17.520 since, uh, for a long time and it's only getting worse, but I would say that that's where the

00:54:23.320 trucker movement started.

00:54:25.120 So I think that's very encouraging as well.

00:54:27.420 And I would also argue rich, and I'd love to get your opinion on this.

00:54:31.680 If it wasn't for the invasion of Ukraine, I don't know that Trudeau would still be in

00:54:39.360 office.

00:54:40.180 And the reason I say that is because if you think about the timeline there, and I remember

00:54:44.460 this well, because I was doing videos on it, that, that, that the whole trucker issue

00:54:49.740 was getting to a point like a tipping point where it was, you know, mainstream news, everybody

00:54:56.480 was talking about it and they had trucker movements that were starting in the United

00:55:01.200 States and in Europe and in Australia, New Zealand, and all these places kind of following

00:55:07.460 their lead where people were standing up for freedom and Liberty and, uh, and just their

00:55:12.360 rights as an individual.

00:55:13.720 And then like the very next week when this was coming to a climax and Trudeau was really

00:55:20.260 scrambling around, you can imagine if you were him, you're looking at this saying, holy

00:55:23.500 cow, this is, this is not good here.

00:55:25.900 And that's when he was like running away to the, his lake house and all that.

00:55:29.520 So he said he got COVID or something.

00:55:31.640 And then sure enough, you've got, uh, Russia invading Ukraine.

00:55:35.380 And all of a sudden all of the trucker talk disappeared overnight.

00:55:42.080 Well, it went from being the biggest news in the world to no one even mentioned it.

00:55:47.060 And then, then Trudeau, of course, gets off the hook because now no one's talking about

00:55:51.140 the truckers anymore.

00:55:53.080 Yeah.

00:55:53.260 So, so it was a distraction, but I mean, like here in Canada, there was very little media

00:55:57.480 coverage about the truckers because really?

00:56:00.060 Yeah.

00:56:00.260 Because the federal government funds a lot of mainstream media here.

00:56:04.000 Oh, wow.

00:56:05.180 Yeah.

00:56:05.320 That was big news here.

00:56:06.360 Yeah.

00:56:06.560 So anything with, um, like, you know, the beer bug or any of the, you know, the reality

00:56:12.000 of guys like, uh, Dr. Malone or McCullough or the conversation with Joe Rogan or any of

00:56:16.480 that stuff was, was, was completely, you know, suppressed in the media here for the most part.

00:56:20.740 The same thing with the truckers.

00:56:21.740 So we didn't get, we didn't get much public coverage of it.

00:56:24.500 And you know how most people are, you know, they just sit there, stare at the TV and whatever

00:56:27.260 it tells them, they just nod their head and say, yes, you know, this is a new thing

00:56:29.860 that I have to pay attention to.

00:56:31.440 But, um, I don't know.

00:56:33.200 I mean, this guy's won several elections back to back and every time, you know, one

00:56:39.340 comes up and I'm like, oh yeah, he's definitely going out in this one.

00:56:42.000 He gets voted in again.

00:56:43.060 Right.

00:56:43.380 And it's like, okay, um, this is clearly what Canada wants.

00:56:47.800 You know, these are what people want.

00:56:49.340 Um, you know, the voting system here isn't as fragile as the one that you guys have where

00:56:53.780 they can, you know, they can have like five, five, six, 10, 20 million immigrants, you know,

00:56:59.700 mailing cards or they can, you know, duplicate cards or what, you know, whatever we've seen

00:57:03.360 happen down in the States that they've covered.

00:57:05.280 But, um, I don't know, man, like this situation with, uh, Trudeau and what happened in Ukraine.

00:57:12.580 I think it was very, very convenient from a world perspective.

00:57:15.860 I think probably, you know, the psychotic WF, WF guys and all of those cronies probably

00:57:21.240 paid, played a little bit of a part in distracting the world from what was happening in Canada.

00:57:25.720 But they, I mean, they basically deployed enforcement in Ottawa and they, and they made

00:57:31.380 the truckers go home.

00:57:32.340 They froze bank accounts, canceled insurance.

00:57:34.180 They just made it very, very uncomfortable for them to be there.

00:57:36.420 Um, you know, made their lives very difficult.

00:57:39.000 They incarcerated people that they saw as leadership, um, you know, to make their lives difficult

00:57:43.580 and sort of set an example to it.

00:57:46.320 But you got the gal in Alberta.

00:57:48.300 Yeah.

00:57:48.740 It's actually like apologizing and saying that something to the effect that all the people

00:57:53.880 that were for the mandates need to apologize to the unvaccinated because of the trauma we

00:58:00.140 put them through.

00:58:00.900 Isn't there, there's something like that going on?

00:58:02.620 Yeah.

00:58:02.800 She's, you know, she's one of those Albertans.

00:58:05.260 Like, you know, Alberta is kind of like Canada's Texas.

00:58:08.120 Yeah.

00:58:08.700 Um, you know, they're kind of weird.

00:58:10.040 Like they kind of flip flop sometimes, but for the most part, it's like Canada's Texas.

00:58:13.740 Um, and I heard that she recently, you know, disavowed the WF, WF didn't want to get involved

00:58:18.920 with, um, you know, like their agendas was more interested in what's going on, you know,

00:58:23.780 on home turf, which is, which is interesting, but it's not enough.

00:58:27.760 You know, there's not enough, um, you know, provincial politics, like the, the Ontario premier

00:58:32.760 here is supposed to be a conservative, but he fully backed everything that Trudeau did

00:58:37.600 with truckers, convoys, lockdowns, mass mandates, uh, you know, jabs, all that sort of stuff.

00:58:43.540 So, um,

00:58:44.580 Yeah.

00:58:44.700 You know, who else is bad up there?

00:58:46.020 Is that one, uh, Hindu guy or whatever that's just saying, is that his name?

00:58:50.960 Yeah.

00:58:51.180 I actually know Jagmeet Singh personally.

00:58:52.800 Cause when I was doing the lobbying for bill 55 back in 2011 to 2013, I met with him several

00:58:58.220 times and like, he lied to me flat out on, on a number of occasions.

00:59:02.500 Oh yeah.

00:59:02.920 Well, I've seen things that he's, he's said or put out on Twitter that are just utter nonsense,

00:59:07.760 you know, about inflation being the result of, uh, the, you know, greedy capitalists.

00:59:12.400 And he's a smart guy though.

00:59:13.860 Like, like he's a smart dude.

00:59:15.180 He's a C seasoned lawyer.

00:59:16.720 He's, he's, he's very clever, but this is what these politicians and bureaucrats do.

00:59:21.420 Like they're more concerned with the optics than the reality.

00:59:25.120 And it's just.

00:59:26.260 Yep.

00:59:27.120 And I think the guy in the UK is, I think the guy in the UK is cut from the same cloth.

00:59:31.760 That new guy in the UK.

00:59:32.720 Oh yeah.

00:59:33.100 He's yeah.

00:59:33.700 He's a puppet.

00:59:34.860 He, he is, he is a, a pawn on the chessboard and I don't know who's running that chessboard,

00:59:39.620 but, but it's, I wouldn't be surprised if the dots connect somewhere to our buddy Schwab

00:59:43.920 and the others.

00:59:45.520 Um, let me throw a few more of these up.

00:59:47.900 Hey George, uh, won't the economy implode at some point if the fed has an inflated balance

00:59:52.120 sheet, an infinite balance sheet, infinite balance sheet.

00:59:56.580 Yeah.

00:59:57.080 But you've got to remember that the, the fed to a certain degree can backstop all the credit

01:00:02.000 markets.

01:00:03.020 So if this person, you know, how would the economy implode?

01:00:07.360 Let's say, well, you could have a no bid on the, on the treasury curve.

01:00:12.700 You know, that, that would be extremely detrimental.

01:00:15.480 You could have the corporate bond market go no bid.

01:00:18.940 Uh, basically what I'm talking about is credit markets.

01:00:21.520 So if the fed comes in and backstops that by saying, okay, well, if there's not a bid,

01:00:27.340 or if there's not a bid at a reasonable price, we'll come in and buy it from you.

01:00:31.840 Basically backstopping the entire credit market, their balance sheet, that could prevent

01:00:36.980 a complete implosion.

01:00:39.920 Now that's not to say that it's a solution because that's just papering over the problem.

01:00:45.620 And when we do finally have to pay the fiddler, uh, the, the damage is going to be far greater,

01:00:51.320 right?

01:00:52.000 And we're going to have to pay a heavier price.

01:00:53.740 We're just kicking the can down the road, but they do have some tools there, uh, that

01:00:58.700 they can use to maybe soften the impact.

01:01:02.640 But what the bond market is telling us right now is that even though they have those tools,

01:01:08.080 we're still going to see a significant recession in 2023.

01:01:12.620 Although if they didn't have those tools, I would argue that we wouldn't have a recession.

01:01:17.640 We'd have an economic depression that would make the 1930s look like a picnic.

01:01:21.260 Um, uh, Jim's got one here for you.

01:01:24.780 Uh, our national currency is being deliberately deboshed to reset 300 trillion global debt

01:01:30.100 via world war three concurrent with reducing pop.

01:01:33.380 You know, a war would be a lot more effective at reducing the population than what they're

01:01:37.120 doing right now.

01:01:37.760 Wouldn't it?

01:01:38.080 Well, that's what Thomas Malthus argued originally, uh, rich he had, I can't remember exactly what

01:01:43.700 he said.

01:01:44.040 He had like, uh, like two categories of population reduction.

01:01:49.760 One was just voluntary and he, uh, you know, like birth control and whatnot.

01:01:55.000 He said, that's what, and just morally people should only have one child.

01:01:58.980 And then the other was, he said, just as beneficial.

01:02:02.340 And he was just as much of an advocate and that was war, famine, and plague.

01:02:08.080 And so, yeah, I mean, he would sit there and literally argue the benefits of those three

01:02:13.860 things or, uh, humanity long-term that, yeah, we might have this world war two thing or, you

01:02:20.360 know, back then, uh, whatever, you know, the civil war, world war one, and we might have

01:02:25.040 this black plague.

01:02:26.000 We might have the Spanish flu, but you got to look at the bright side here, rich, that's

01:02:30.160 going to reduce half the population and get us more to an equilibrium with, with mother

01:02:35.420 earth and the amount of resources that we have at our disposal.

01:02:38.040 Again, the exact same argument that Thanos made in that, uh, Avenger movie.

01:02:44.240 Um, there was an infographic somebody put together.

01:02:48.200 I don't know if you ever saw it, but it was, but it was a, um, a chart going back as far

01:02:53.500 back as recorded history tracked wars.

01:02:56.040 And we live in one of the most peaceful times, uh, since world war two right now, but like,

01:03:02.400 you know, traditionally in the past, like it was, it was so bizarre because it was like

01:03:06.700 this bar graph, sorry, it was a, um, uh, it was a two axis graph, um, the amount of wars

01:03:16.140 and then time and everything prior to like 1945, it was peppered with big dots everywhere.

01:03:23.940 Since 1945, there's been very, very few wars.

01:03:27.540 Um, what else has happened since 1945, rich, you got it.

01:03:31.360 Let's, let's think that one through.

01:03:32.660 So remember what I was talking about, uh, if you look at a chart of energy use, GDP and

01:03:38.340 population growth pretty much since 1950, it's gone parabolic straight up.

01:03:43.940 Uh, you know, we discovered not only the, all the uses for oil and then the natural gas.

01:03:49.480 And then, uh, you know, we've made that far more efficient, which has allowed that not

01:03:53.480 only the population to grow, but the standard of living to increase.

01:03:58.160 And I would argue that one of the main reasons that you're seeing a reduction in violence or

01:04:02.860 a reduction in war is because you have less civil unrest because the standard of living

01:04:08.380 has gone up.

01:04:09.120 But let's think about what the global elite want to do.

01:04:11.700 They want to bring down the use of energy.

01:04:14.640 Okay, well, what is that going to do to the standard of living?

01:04:17.240 If we know that energy is the economy, it's going to bring back down the standard of living,

01:04:23.140 which makes social unrest increase, which I would argue will most likely lead to more

01:04:28.860 wars in the future, uh, not fewer wars.

01:04:32.260 So it's entirely possible that they're, that they're doing this to set the groundwork for

01:04:36.640 the next world war.

01:04:38.040 Yeah.

01:04:38.620 And another thing that I'd point out to your audience, Rich, along those lines is look at

01:04:43.560 what has happened as a result against these just bizarre sanctions against Russia, assuming

01:04:50.820 that you want to defeat Russia and you don't want to defeat your own population, right?

01:04:56.200 Uh, it, the, the, the net result has been in the rich countries like Europe, they're using

01:05:03.520 a lot less energy.

01:05:06.020 Okay.

01:05:06.640 What was their number one objective?

01:05:08.120 Use less energy.

01:05:08.960 And then what's a secondary effect?

01:05:12.180 Well, natural gas, the price goes parabolic.

01:05:15.760 Okay.

01:05:16.200 What's the main input into fertilizer?

01:05:18.960 That would be natural gas.

01:05:20.800 Wasn't nice.

01:05:21.700 So then you have less furniture or furniture fertilizer.

01:05:25.840 And if you do have it, you have it at a much higher price.

01:05:28.880 Okay.

01:05:29.300 Well, what does that do to food availability in the poor countries?

01:05:33.260 It reduces it.

01:05:34.640 So you have food shortages, which does what to the population?

01:05:38.800 It decreases population growth.

01:05:42.180 So again, I'm not saying that this is deliberate, but I'm saying let's just connect some dots

01:05:49.120 here for heaven's sakes.

01:05:50.340 And if their explicit objectives are less energy and lower population and all of these policies

01:05:58.480 that they're implementing right now, just so happen to achieve those objectives, maybe

01:06:04.880 just maybe, uh, these policies are intentional not to defeat Russia, but to go back to this

01:06:12.820 Malthusian cult.

01:06:14.460 Messy this question.

01:06:15.520 I mean, Joe Biden's clearly not in charge.

01:06:17.600 Like he just walks around aimlessly, right?

01:06:19.800 Like, you know, the motor's running, but nobody's really behind the wheel sort of thing.

01:06:23.880 Yeah.

01:06:23.900 Or when he's shaking hands with like nobody.

01:06:26.400 So who's running the, who's running the, the, the most influential and powerful country

01:06:32.180 in the world right now?

01:06:34.740 Great question.

01:06:36.200 I think it's just the, you know, the establishment, let's say, but what is the establishment?

01:06:42.460 Yeah.

01:06:42.740 If you can define that.

01:06:43.240 I think it's just really the influence from the groups that we've been talking about.

01:06:47.420 Uh, the Davos types, uh, these people that, uh, you know, have these, the great reset agenda,

01:06:54.200 if you will, the people that are on board, whether it's the, the global elite, the do-gooders

01:06:59.700 or the useful idiots, it's this whole constituency.

01:07:03.000 And I think that is, uh, what's really the driving force behind pretty much all politics in the United

01:07:10.400 States, but definitely the democratic party and whoever the puppeteer is, it's pulling

01:07:17.980 the strings with Joe Biden.

01:07:19.860 That would be my guess.

01:07:20.980 And then I think they're heavily influenced by, uh, corporate America, uh, especially

01:07:26.720 the pharmaceutical companies.

01:07:27.900 And I think we saw that play out in 2020 and 2021.

01:07:32.580 And we still see that today when, you know, when Fauci gets up there and regardless of

01:07:37.200 any evidence that we have, they'll still come out there and say the number one thing that

01:07:41.140 you can do.

01:07:41.540 In fact, his crony the other day, the guy that works for him or works in his department

01:07:45.720 or something says, that's the whole reason that you've got two arms that you can get a,

01:07:50.920 a, a cerveza sickness shot or a beer bug shot in this arm and all your boosters.

01:07:54.980 And in this arm, you can get your flu shot.

01:07:57.060 That's why God gave you two arms.

01:07:59.100 That's literally what he said on national TV.

01:08:01.180 I know.

01:08:01.940 I know.

01:08:02.740 Uh, George, when's the next rebel capitalist live?

01:08:06.100 It's going to be May, uh, the beginning of May in Orlando.

01:08:10.620 And we're going to be announcing that in about a week or two.

01:08:14.100 Cool.

01:08:14.680 And, uh, would you get into commercial real estate in the U S right now?

01:08:18.800 No, just because of the yield curve.

01:08:21.440 I think you're going to have a better opportunity in, uh, in a couple of years.

01:08:24.980 Um, what if you're not in service, how can you survive war?

01:08:31.540 I think, well, let's just re rephrase this because we should probably wind down the cast

01:08:37.200 and sort of wrap it up.

01:08:38.040 But given everything that we've talked about, what would you recommend people do with this

01:08:44.160 knowledge now?

01:08:45.000 Like what are some solutions to these problems?

01:08:47.440 Cause I like actionable sort of stuff.

01:08:49.740 Yeah, for sure.

01:08:50.520 I think that it depends on the resources that you have access to, and it depends on your

01:08:58.680 personal situation.

01:08:59.960 Like as an example, I'm a single guy.

01:09:01.880 I don't have a wife.

01:09:02.660 I don't have kids.

01:09:03.500 And, uh, I've got a significant amount of resources.

01:09:07.060 So for me, in my opinion, the best thing I can do is just be completely mobile and just

01:09:15.400 plan things out in six month segments, because six months from now, I have no idea what the

01:09:21.300 world is going to look like.

01:09:22.100 You know, a lot of people I'm in Medellin, Columbia right now.

01:09:24.460 And I've spent a lot of time here since 2014 and they say, well, is Columbia a good place

01:09:29.180 to move, you know, and bring my family and to do, you know, set up shop for the next 10

01:09:33.280 years.

01:09:34.080 I, I have no idea.

01:09:36.020 I like it now.

01:09:38.140 I might not like it in six months.

01:09:39.980 You know, they just, uh, elected a socialist here as well.

01:09:43.040 Petro.

01:09:44.000 So in the world is changing so quickly that I think it's impossible to determine where you're

01:09:51.880 going to be able to maximize your freedom and liberty in five years or, or maybe even,

01:09:57.960 uh, you know, a year or two.

01:09:59.780 So if you're someone like me, I think it's wise just to set up shop.

01:10:04.600 Like our buddy, Andrew Henderson says right now, wherever it is that you're treated best

01:10:08.740 based on your priorities, but then remain very flexible and just kind of take it in six month

01:10:14.460 segments.

01:10:15.420 Now, if you're a normal person that let's say is making 75 grand a year and you're, uh,

01:10:20.300 you know, you got a wife and kids and you just can't just move to Dubai or something

01:10:25.660 like that.

01:10:26.560 Then I think you need to really be focused on community.

01:10:31.220 You need to really set up a network of like-minded individuals that are in your neighborhood,

01:10:37.320 in your town, in your city, and you really need to get on the same page and maybe meet

01:10:42.580 up once or, or twice a month and say, Hey, if so-and-so happens, you know, let, let's set

01:10:48.360 up a game plan here, uh, let's have a plan B and you know, what's our downside there.

01:10:53.600 I'd also, uh, I would definitely have six months of food.

01:10:57.400 Definitely, definitely, definitely.

01:10:58.860 And then I don't want to go too much into the portfolio, but, uh, I, I would, I would

01:11:03.720 like to see a 10% allocation to gold just as an insurance policy.

01:11:07.700 Um, and then, you know, what I did with my sister when we were going into this, uh, when

01:11:13.920 Russia invaded Ukraine and she lives in Dallas, by the way, and this is what I'd suggest to

01:11:19.100 your audience as well is think through the probabilities of X, Y, Z event that you're

01:11:24.860 concerned about.

01:11:25.660 Right.

01:11:26.440 And then say, okay, if this played out, you know, what would I do?

01:11:30.360 So going back to this story of my sister, uh, I called her and I said, listen, this could

01:11:35.640 get really serious.

01:11:36.820 You know, Russia just invaded Ukraine.

01:11:38.860 They got 6,000 new, uh, nuclear, uh, nuclear missiles pointed at us.

01:11:44.160 I said, at least you need to figure out where in, uh, Mexico you would go because that's your,

01:11:50.800 your nearest border there and, you know, get your SUV, jam it packed full of dried food or

01:11:57.000 whatever, you know, can sustain you for a couple of months and then just figure out on

01:12:00.980 a map, you know, where do you want to go in Mexico and how would you get there if you

01:12:05.080 had to go there in a, uh, in a moment's notice.

01:12:08.300 And then she just had that plan B now you could say, George, that's paranoid and that's

01:12:12.800 this, okay, fine.

01:12:13.720 But what, what's your downside there?

01:12:15.780 And I think that we will also see a lot more civil and social unrest in the United States

01:12:21.000 and maybe in Canada, like we saw in 2020 and therefore to have some sort of bug out

01:12:26.020 plan, I think would be prudent as well.

01:12:28.120 As an example there, my buddy in the United States in Phoenix, he bought a little RV that

01:12:33.940 he keeps in his driveway.

01:12:35.400 So if there's, uh, riots, like we did see in Scottsdale that he can just hop in his RV

01:12:41.660 and he can shoot up to the mountains for a week or two and just wait till the smoke clears

01:12:48.140 and then decide what he wants to do from there.

01:12:50.900 So he's protecting his family and the people who he really cares about.

01:12:54.860 So those are probably the first steps that I'd taken, but the main thing is just to be

01:12:59.400 aware, make sure that you're not whistling by the graveyard and make sure that you just

01:13:04.340 don't have your head buried in the sand.

01:13:06.380 When it comes to being aware, where would you recommend people get their information from?

01:13:10.940 Oh, I'd, I'd watch Ron Paul's channel.

01:13:13.340 I'd watch your channel.

01:13:15.000 Uh, people want to watch the rebel capitalist channel.

01:13:17.280 I talk about this stuff, uh, pretty much every single day.

01:13:21.760 And then from there, I'm sure you'll find other content creators who are just as good,

01:13:27.860 if not better, uh, than we are.

01:13:29.400 Tom Woods is another podcast, uh, Tom Woods show that I really enjoy, but just get out

01:13:35.340 there online.

01:13:35.960 And, uh, look for people that are preaching the message of freedom, liberty, and free

01:13:41.100 market capitalism.

01:13:42.380 And, uh, just see the ones that you relate to the most and just, uh, you know, listen

01:13:48.020 to what they say.

01:13:49.060 And one last question for you.

01:13:50.780 Uh, what do you think of, um, Henry Hazlitt's book economics in one lesson?

01:13:55.660 Love it.

01:13:56.300 Suggest it to everybody.

01:13:57.740 Okay.

01:13:58.780 There you have it guys.

01:14:00.020 Um, if you want to get more from George Gammon, check him out on YouTube and on Twitter,

01:14:04.180 uh, George Gammon on YouTube, rebel capitalists on YouTube, Twitter, George Gammon, you'll

01:14:08.820 be able to find him pretty easily.

01:14:09.800 If you just search for it in the search bar, uh, Rich and George is one of the best ever

01:14:14.000 productions on the YouTube network.

01:14:15.300 People are finally waking up to reality.

01:14:17.880 You're welcome.

01:14:19.600 So we'll get together again soon, my friend.

01:14:22.220 Um, I really like having you on as a guest and, you know, having these conversations.

01:14:26.180 It's been a blast.

01:14:26.960 If you guys enjoyed it, leave a, uh, a thumbs up and a comment below and, uh, yeah, make

01:14:31.200 sure you check out George for a little bit more.

01:14:33.460 Yeah.

01:14:33.700 Thanks for having me.

Playing to Win - November 28, 2022

074 - The Elites Psychotic Plans & The Economy w⧸ @George Gammon

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