00:01:14.000But unlike those other ones, we dive into the fabric of an ancient game that we're all playing and explore the universal roots of a monster we've all fed that is now feeding on everything.
00:01:30.000We're at that point in the human saga where the game, the player, and the whole planet are in for a cold, dark, But before we go there, let's just start with the easiest question.
00:04:11.000We strongly encourage everyone who engages in any in person protest to be 100% peaceful, lawful, orderly, respectful.
00:04:19.000We denounce violence in all forms, both physical and verbal hate speech.
00:04:23.000Absolutely do not support anything of the sort.
00:04:26.000Most important thing right now is education and getting the word out peacefully.
00:04:29.000This is what will win out in the long run.
00:04:31.000The Fed Wall Street establishment is so corrupt to its core that we just need to expose it, and the entire sentiment will turn and demand change.
00:06:41.000And that interpretation is a product of human agreement.
00:06:50.000Something major happened in our history around 10,000 years ago.
00:06:57.000Modern Homo sapiens, as a biologically evolved organism, is around 300,000 years old.
00:07:05.000Before that, there were other pre human hominids.
00:07:08.000And 10,000 years ago, we started to develop agriculture and we stayed in one place instead of roaming and hunting and gathering.0.98
00:07:17.000And what this did is it changed our ideas of what was.
00:07:24.000Wealth and we started to amass surplus.
00:07:30.000The original cattle and sheep were pretty wild, but eventually humans started to follow the herds and then to protect and take care of the herds and eventually to own the herds.
00:07:41.000Making nature ours really is what domestication is.
00:07:45.000Hunter gatherers, we vaded to Earth as a being, but as the economy and system of technology and agriculture made more and more into resources, we began to see it.
00:08:02.000The original moneylenders traded by the bushel, the animal, or slave.
00:08:08.000The invention of the iron plow made previously barren land into surplus generating farms.
00:08:14.000Grain storage became banks, trade became the business sector, and groups of power became governments, and all of them developed into what we now call our economy.
00:08:27.0005,000 years of human civilization, probably 100,000 years of human evolutionary development.
00:08:34.000Every day we had to go and eat and kill.
00:08:39.000But through this market process of people acting and interacting, eventually a producer came online that figured out hey, we can create this heat pump that pulls entropy out of this box we call the refrigerator, and all of a sudden food lasts for months where it used to only last for days.
00:08:56.000So now the individual consumer doesn't need to spend so much time.
00:09:00.000Like scrounging for food on a day to day basis, right?
00:09:02.000That problem is solved for months at a time.
00:09:05.000You can go and solve other more difficult, complicated problems, basically.
00:09:10.000So it's the economic process that enables this elevation in our standard of living.
00:09:18.000On one level, economics simply means the ways that we take care of each other materially, the ways in which we coordinate our labor toward a common purpose.
00:09:31.000A more narrow conception of economics.
00:09:34.000Is simply the things that we do for money, the goods and services that are exchanged for money.
00:09:44.000Right now, we are awash in a world of cheapness.
00:09:50.000When all of our utensils, all of our objects, even our houses, are made to minimize cost and maximize something measurable, like square feet of floor space.
00:10:04.000That's cheapness built into the entire built environment.
00:10:09.000Like we yearn for things that are not mass produced, but made for us by somebody who knows us.
00:10:16.000Like there's a kind of a wealth in that.
00:10:19.000When we lack that type of nourishment in compensation for it, we develop an insatiable craving for more and more stuff.
00:10:31.000The average U.S. home has 300,000 products, the biggest of which is the house itself.
00:10:39.00025% of houses with two car garages don't have room to park inside them.
00:10:45.000Storage locations saw the fastest commercial real estate boom over the past 40 years.
00:10:53.000We own way more products than we can fit inside houses that have tripled in size over the past 50 years.
00:11:00.000As our nomadic ancestors settled and accumulated a wealth of surplus that humanity never experienced before, a creature was born singing a song of growth and debt.
00:11:14.000You can't understand the commodification of nature without understanding debt.
00:11:25.000Debt came from the lending of seeds and cattle, which would reproduce abundantly.
00:11:30.000So some of that abundance went back to the lender.
00:11:33.000But after temple priesthoods made metals into money, and by the time Rome came around, debt became repayable only in coins, which were not abundant and could not reproduce.
00:11:46.000At this point in history, the game of money gave birth to a monster.
00:11:52.000That would come to swallow entire ecosystems.
00:11:56.000The emergent phenomenon of everyone following their self interest in order to generate monetary profits is this blind, energy hungry super organism.
00:12:10.000It doesn't care about human well being, it doesn't care about the environment.
00:12:16.000It cares about one thing growth, and that growth requires energy.
00:12:22.000It's beyond the ability of any one human or group of humans to change.
00:12:26.000you If the economy is the super socioeconomic organism, I think money would be the lifeblood.
00:12:57.000I had a career as a top trader at a hedge fund on Wall Street.
00:13:01.000I worked for Paul Tudor Jones, one of the greatest investors of all time.
00:13:06.000And I was a weather trader, so I used meteorology and I worked with a meteorologist on trying to figure out how the weather impacted various commodity markets.
00:13:15.000We'd go back and look at historical weather patterns, how jet streams and ocean temperatures are setting up around the world, and then we'd see what came next.
00:13:25.000So if we know that four times, In 1963, in 2015, in such and such years, that the pattern all looked like this, and then four out of five times it went from warmer to cooler than normal.
00:13:38.000We'd use that information and say, okay, we have a four out of five chance of being right.
00:13:43.000In 1963, of November, that was the year that Kennedy was shot.
00:13:47.000And November of 2016 was the year that Trump got elected.
00:13:51.000The whole world was paying attention and the whole world was emotional about it.
00:13:55.000And so both of those months had extremely warm Novembers.
00:13:59.000And then an extremely cold December that followed.
00:14:02.000When I realized that there was also this synergy, this correlation to an emotional state that gave me more confidence in the trade, and lo and behold, December of 2016 was extremely cold.
00:14:16.000My name is Ed Dowd, and I'm a Wall Street careerist.
00:14:20.000Early on in my career, I learned how to basically interpret the capital markets and how the guts of the system really worked.
00:14:28.000And then I immediately went to Wall Street and I saw the dot com fraud.
00:14:34.000Then I went to a firm called Independence Investments where I became a technology analyst and I made some good calls because of the fraud that I saw going on on Wall Street.
00:14:43.000And I parlayed that job into an equity portfolio management role at BlackRock.
00:14:49.000We inherited a $2 billion large cap growth fund, and over 10 years at BlackRock, I grew it to $10 billion.
00:14:54.000The thing to understand about the capital markets money, capital, has a life of its own.
00:15:00.000It's a force of nature, like gravity, like the oceans.
00:18:21.000The slaves would play, they would dance samba, and samba and capoeira just go hand in hand.
00:18:27.000So, I mean, they would play the capoeira in front of these slave masters, you know, when they were working them too hard as a threat to tell them to back off.0.99
00:19:55.000I used to manage money for billionaires on Wall Street and.
00:19:58.000Until I kind of quit and saw the light.
00:20:00.000They put their pants on the same way that we do every day.
00:20:04.000They're just following the rules, getting the same evolutionary neurotransmitters, trying to match the same emotional states of our ancestors as I am.
00:20:16.000So, I mean, I was just so enthusiastic.
00:20:18.000I didn't even stop to think about what it was I was trying to change.
00:20:23.000During Occupy Wall Street, the Ron Paul movement was really popping.
00:20:27.000And, I mean, a lot of them came down to OWS and they were talking about the Federal Reserve and they wanted to talk about it.
00:20:32.000And I was like, no, we got to talk about capitalism.
00:24:21.000Over the last 550 years, there have been six major global reserve currencies Portugal, Spain, Netherlands, France, Great Britain, United States.
00:24:32.000And each of those currencies has lasted an average of 92 years.
00:24:37.000And for the last 90 years, we've been the global reserve currency.
00:24:43.000The Bretton Woods Agreement of 1944 declared the game of money global, and everyone must use the dollar.
00:24:51.000This was also the year the U.S. had a lot of gold.
00:24:55.000In country after country, gold coins and currency became the traditional medium of exchange.
00:25:01.000Every country in this game of money could rest easy knowing that the U.S. dollar would not devalue, for it was backed by the strongest and longest lasting store of value in the civilized world gold.
00:25:19.000In the years after World War II, the United States accumulates more than $30 billion in gold.
00:25:27.000Everyone else would take their currencies to the dollar, and anyone who ever had a problem with that, don't worry, we won't print too much money because you can always say, I'll take the gold instead of hold the dollar.
00:25:41.000And from 1955 to 1971, our coffers of gold went from 20,000 tons down to 8,800 tons as countries said, We'd rather have our gold.
00:25:54.000As we went into the war in Vietnam and the expansionary policies of the 1960s, We started expanding the money supply and our gold holdings were coming down.
00:26:08.000It was a 500% increase in the money supply relative to gold.
00:26:14.000What's happening right now over the last 15 years is the exact same situation.
00:27:19.000By the 1800s, the game of money already developed fractional reserve lending, allowing banks to lend 9 out of every $10 that you deposited for their profiteering.
00:27:31.000Fiat is simply the final stage of this game.
00:27:37.000Fractional reserve making is fraud to the extent that it's not disclosed and agreed upon in a bilateral transaction.
00:27:43.000You signed a contract with me to put gold on deposit, 100% redeemable at any time on demand by you.
00:27:49.000That's kind of the initial kernel for the fraud that becomes ultimately zero reserve currency, which is fiat currency, right?
00:27:58.000It is money backed by the anticipated future cash flows of taxpayers.
00:28:09.000Right, that this entity called the state will remain a going concern and continue to be able to coerce me to extract taxes from me?
00:28:17.000It's backed by the threat of coercion, compulsion, and violence, right?
00:28:22.000Try not paying your taxes for 10 years if you don't believe me.
00:28:26.000As the dollar became fiat, the whole world felt the effects of Nixon's decision.
00:28:33.000The game was rapidly changing rules in order to siphon value from the dollar at the expense of every other nation.
00:28:41.000You now come to 1971, Nixon closes the gold window, and the Saudis say, uh uh.
00:28:50.000The oil crisis that happened in the 1970s happened because they said, wait a second, if we can't take your gold and you're going to devalue the dollar, okay, you devalue the dollar by 50%, we'll double the oil price.
00:29:03.000You devalue the dollar another 50%, we'll double the oil price again.0.62
00:29:07.000And so while we labeled the Saudis these evil group, that was the story we told America why this oil crisis was happening, the reality is we closed the gold window and we were devaluing the dollar.0.93
00:29:21.000Action has to be taken to stem the drain on the dollar.0.90
00:29:25.000In time, history will measure its failure or success, and whether the dollar will continue to be as it has been good as gold.
00:30:58.000We built the entire game around it and hunted every last drop.
00:31:03.000I couldn't imagine how this ever increasing supply of oil was achieved until I found out that there's not just one, but thousands of oil companies all competing with each other to discover and develop new sources of oil.
00:31:20.000We've self organized an economic system based on quarterly and yearly growth measured by profits.
00:31:29.000The profits are 99% linked to this incredibly powerful energy.
00:31:35.000It's really a bank account that we're drawing down every year.
00:31:40.000So, our GDP, which is a measure of gross domestic product, or if you add it all up for the world, it would be GWP, gross world product.
00:31:51.000In effect, we could relabel that GWB, where the B stands for burning, because every single good and service in the global economy that Contributes to GWP required energy to develop, to mine, to combine, to create, to deliver, to maintain, to service, to repair, to dispose of.
00:32:17.000Everything we spend money on started somewhere with a small fire.
00:32:22.000And so money gives us security, status, comfort, dopamine, and it draws down on natural systems at the same time.
00:34:47.000But when new money comes in, the same amount of coal, oil, trees, elephants, copper, fossil water, aquifers exist as before the money came in existence.
00:35:01.000What do the heroes do in ancient myths?
00:35:08.000Sometimes, I think in Gilgamesh actually, he literally cuts down the forests and makes fields.
00:35:15.000This movement of civilization is very ancient.
00:35:18.000It wasn't a mistake per se, it was an evolutionary process that is reaching an extreme in our time.
00:35:32.000The more of nature that we convert into products, into commodities, the more that we domesticate the wild, the more that we have progressed.
00:35:43.000We have a money system that contributes to that movement, growth, and money being created through interest bearing debt.
00:35:52.000Debt compounds at a growth rate that does not occur in nature.
00:35:57.000Everything in nature grows according to the golden ratio.
00:36:06.000In the wake of World War II, the International Monetary Fund and the World Bank were established primarily to help Europe and Japan rebuild.
00:36:15.000Soon after, their focus shifted to making large loans to help developing nations.
00:36:21.000But as debt compounded, 32 out of 48 of these already poor economies dropped by 15% GDP.
00:36:30.000Bangladesh cut down 45% of their pristine mangrove forests as the IMF Demanded shrimp harvesting not to feed the people but to export cheap seafood to the West.0.96
00:36:44.000Child labor and generational debt traps have captured these cultures who overpopulate areas that depend upon imported food to survive.
00:36:55.000Jamaica borrowed $18.5 billion, paid back $19.8 billion, yet because of compounding debt, they still owe $7.8 billion.
00:37:06.000In the same period, the Philippines borrowed $110 billion, paid back $125 billion, and still owes $45 billion.
00:37:16.000The debt is periodically rolled over with new conditions like cutting jobs and wages until entire populations are drowning in debt.
00:37:26.000A bookkeeping sleight of hand that forces the poor to export their natural wealth.
00:37:35.000You cannot understand the history of slavery in this country unless it actually includes the history of how the central banks funded the transatlantic slave trade.
00:37:49.000Bank of Amsterdam, Bank of England, same banks that funded the Federal Reserve.
00:37:55.000The Dutch East India Company, they take this loan money that was created out of nothing, out of bookkeeping entries, and they take real humans across the Atlantic to take real wealth, real natural resources from the ground, from the earth, in order to distribute wealth back up to the banking class.
00:38:14.000Debt is how you get everything for absolutely nothing.
00:38:53.000From 1946 to the financial crisis of 2008, household debt went from 15 to 100% of GDP, and the debt crisis has only gotten more severe.
00:39:07.000We're at this world tipping point right now.
00:39:11.000Since 2020, the Federal Reserve has taken the balance sheet from $4 trillion to $9 trillion.
00:39:16.000Our national debt went from $20 trillion to $30 trillion as we pumped money into the system.
00:39:23.000And so, The 2020s are going to be one of the more volatile, crazy times that we've ever experienced because we are in the midst of going from a growth economy into a debt economy.
00:39:38.000As soon as the economy stops growing, then investment freezes up, lending freezes up, money no longer is created, and debt rises to unpayable levels.
00:39:48.000Really, the current crisis is a long standing crisis of growth where economic growth has declined decade after decade for my entire lifetime.
00:39:59.000The doomsday clock was created to symbolize how close we were to nuclear catastrophe during the Cold War.
00:40:07.000But decades after that threat subsided, the clock is still ticking.
00:40:14.000The war has transformed the face of the globe forever.
00:40:18.000And in the decades ahead, the world will undergo another transformation.
00:40:23.000In 2008 and 2009, we had a too big to fail situation.
00:40:28.000In 2020 something, we're going to have a too big to save. Situation.
00:40:33.000All the other central banks of the world together won't be able to bail that situation out.
00:40:38.000And then we have a repeat of the 1930s sort of thing.
00:40:44.000Because all the money we have, all the stocks, bonds, pension funds, money markets, cash in our pockets, all of it is a claim on energy.
00:40:56.000We do not have enough cheap, affordable energy at scale of the quality that our system depends on to pay back all those financial claims.
00:41:07.000And that will first manifest in the financial system as kind of a musical chair situation.
00:41:12.000And we will not do anything, probably, as a society to change this dynamic until we're forced to.
00:41:24.000I do think that we're facing some kind of reset.
00:41:28.000There could be a few years of real hardship and dislocation for the people in this country that has not been experienced since the 1930s and might even exceed that.
00:41:39.000Because our current money system is very much like a game of musical chairs.
00:41:44.000Anytime a million dollars is created, a million point one or a million point five or whatever of debt is created.
00:41:55.000One of the main motivations of our current economic system and economic thinking is a view of human nature that says human beings seek to maximize rational self interest.
00:42:08.000So we're always in competition with each other for never enough.
00:43:11.000Let's say not only do you not get a chair, but you lose your house, and your child doesn't get medical care, and you don't have enough to eat.
00:43:20.000You set up the game like that, and what are you going to see?
00:43:23.000You're going to see people shoving and elbowing, and the strongest and the quickest and the luckiest are going to get the chairs, and everybody else isn't.
00:43:33.000By and large, you're going to see the competition that you expect.
00:43:37.000But is that because of this horrible human nature, or is that because of the rules of the game?
00:43:50.000We face a date in the not too distant future.
00:43:54.000Of a cessation of economic growth and a contraction in the size and scale of the human enterprise.
00:44:07.000Will central banks be able to keep our first world standard of living with financial wizardry, even in a world with diminishing returns on the energy that fueled the 200 year economic boom we've all enjoyed?
00:44:21.000It's been said that without energy to run our technology, It becomes a statue.
00:44:27.000Without energy for our cities, they become museums.
00:44:32.000Humans combine energy and materials to create technology.
00:44:37.000The more technology we have, the more complexity we add to the system.
00:44:43.000All of this complexity requires more and more energy every year.
00:44:48.000At some point in the not too distant future, we're going to have less energy every year.
00:44:53.000And when that happens, what will technology be able to do for us?
00:46:38.000The market economy cannot eat money without us to move and exchange it.
00:46:44.000It isn't a sovereign thinker because we tell it what to consume.
00:46:50.000The natural order of both the human and superorganism.
00:46:53.000Are decentralized and distributed throughout the ecosystem.
00:46:58.000We tend to assign sentience to something that's living, it would be more like something that's actually going to actively avoid things that could hurt it and actively pursue food to feed it and continue its self organization over time.
00:47:09.000And an economy is very much like that.
00:47:12.000You have an ecology composed of organisms, an economy is composed of organizations.
00:47:19.000And these are those groupings of people coming together under a common purpose.
00:47:25.000At first blush, hearing that we're part of an energy hungry super organism is a little depressing because it removes some of our personal agency.
00:48:04.000And the skeletons hiding in this game we've been playing are waking up.
00:48:15.000The Prime Minister of France said that French citizens have to undergo energy sobriety.
00:48:24.000That moment is not too far away for the United States.
00:48:27.000Could be 10 years, could be 10 months, but it's coming.
00:48:30.000Humans will have to use less energy and material stuff less refrigeration, less lighting, less transportation, less imported food from New Zealand.
00:48:47.000It is going to be foist upon us from the financial system.
00:48:51.000One of these next financial crises, we won't be able to bail ourselves out because we can print money, we cannot print energy.
00:49:01.000In effect, what we're doing is we're turning billions of barrels of ancient sunlight into microliters of dopamine with nothing to show for it.
00:49:12.000There's this cultural carrot that pulls us forward in advertising and media that says, Look at these people, how happy and healthy they are on this vacation in Cancun.
00:49:25.000And what ends up happening is the neurotransmitter response, the wanting of something, is stronger than the having of it.
00:49:37.000We have expanded the global reserve currency in ways that are unthinkable.
00:49:43.000If we stay on this path, we're going to cause global famines.
00:49:49.000Even in gradual decline in oil availability, Can dramatically slow down global supply chains.
00:49:56.000When central banks can no longer use debt as a magic wand to keep them going, one in six people in the world who rely on these supply chains to import food could face famine.
00:50:12.000Poverty and hunger lead to demonstrations and violence in the streets.
00:50:16.000The Food and Agriculture Organization of the UN already noticed food insecurity increase by 50% in most countries around the world.
00:50:26.000Even before COVID 19 exacerbated the problem.
00:50:29.000And while most people feel this scenario will never come to pass, understand that we've never had 8 billion people hooked on a money game that provides so much security to a population with little awareness of how fragile the whole infrastructure is.
00:50:48.000The monetary system may only be seconds away from midnight.
00:50:55.000If you think about the monetary system like a life, All living things have a beginning, middle, and end.
00:51:05.000And the monetary system is no different.
00:52:40.000But one of the meta patterns of our civilization, one of the motifs, is the war against the symptom, mistaking symptom for cause.
00:52:53.000And so we have an endless war against one symptom after another, after another, one enemy after another, after another.
00:53:00.000Another motif is related find the bad guy, find the enemy, find the one thing upon which you can blame all of your problems, whether it's an atmospheric gas.
00:53:12.000To explain all environmental degradation, or a geopolitical bad guy to explain all of our problems, or a virus to explain all of our ill health, or the Federal Reserve to explain all of our economic malaise.
00:53:27.000It's really attractive to think in that way because once there's a single bad guy, then the solution is easy.
00:53:35.000You know, you just remove that bad guy, you go to war against that bad guy.
00:54:23.000Maybe more fluid is needed, maybe more of this electrolyte and less of that electrolyte.
00:54:29.000So it's not only a receiving organ that is at the center of flow, but it is also a listening organ.
00:54:37.000And that's what the Fed is supposed to be.
00:54:40.000Originally, the idea, and maybe it was always an ideal and not an idea, but there's an ideal there, which is that the Fed listens to the pulse of the economy.
00:54:51.000When money threatens to get too scarce, Federal Reserve authorities act to make more reserve dollars available.
00:54:58.000When money threatens to get too plentiful, they act to make less reserve dollars available.
00:55:12.000All living things have a beginning, middle, and end.
00:55:18.000If the Federal Reserve is the heart and was created to be the neutral referee, but is compromised, By this left right game, then many are saying we need a transplant.
00:55:30.000And in the course of human events, perhaps it has once again become necessary for one people to dissolve the political bands which have connected them with another.
00:55:41.000But that other is the central banking system.
00:55:45.000Not specific people or institutions, but the idea that central authority is necessary or even beneficial.
00:55:55.000And around the world, central banks are pilot testing their vision of the future of money.
00:56:00.000as a purely digital and even more powerful instrument for controlling human behavior.
00:56:09.000Where the central banks want to take it, I believe, is into a central bank digital currency.
00:56:35.000Negative interest rates with a CBDC give the central bank the option to charge you interest for storing your digital money, which requires no warehousing.
00:56:46.000That fee is for whatever the central authority chooses to fund.
00:56:51.000P.S. If this becomes the new game of money, you can't opt out.
00:56:58.000There is no other bank to choose from.
00:57:01.000There's a commercial banking system around the central bank today that.
00:57:06.000Is a distribution of that power, right?
00:57:08.000It's somewhat a resistance against this total central control and issuance of currency.
00:57:14.000Let's just say there's more autonomy for network participants in the current model, given that there's a commercial banking system surrounding central bank.
00:57:23.000Central bank digital currency proposes that we remove that layer and that individuals just have an account with the central bank that we centrally monitor, control, determine what you can spend it on, when you can spend it.
00:57:38.000You move directly into the Chinese social credit scoring model.
00:57:45.000So it's just fiat on steroids, if you will.
00:57:50.000Historically, money is a freedom technology, giving humans more optionality in any moment or circumstance, and is the most accepted, recognized, and desired exchange medium in most places amongst most people.
00:58:06.000Money gives us the freedom to craft our own experiences in life.
00:58:10.000And it sounds like a CBDC is a control technology in the hands of a small group of humans we'll likely never meet who can change the rules of the game at any time to suit their whims rather than the collective's freedom to choose.
00:58:25.000So, how might this technology of control operate in the near future if it comes to pass?
00:58:32.00010, 15 years from now, you go to the gas station to buy gas, transaction denied.
00:58:37.000You've used your level of energy this month.
00:59:45.000Social credit, when it is used as an instrument of government control, can lead directly to a suffocating totalitarianism that the world has never seen before.
00:59:58.000In the absence of central control, I mean, really, it's about reputation.
01:00:03.000It's about your behavior toward others being visible to the whole society.
01:00:11.000If social credit and CBDCs are built for transparency, Shouldn't the Federal Reserve be just as transparent?
01:00:20.000The US dollar is an SQL database maintained on premise at the Federal Reserve.
01:00:28.000We don't know how many dollars are in circulation.
01:00:31.000We don't know who profits from their production.
01:00:33.000We don't know how many they will put into production.
01:00:36.000We don't know the criteria by which they are deciding.
01:00:39.000We don't know the shareholders of the central bank.
01:00:42.000Central banking is as clear as mud and twice as dirty.
01:00:44.000If you start looking at its The interrelations of its institutions, it's just, it's purposefully opaque, let's say.
01:00:55.000The president of the Minneapolis Federal Reserve Bank, Neil Kashkari, expressed his own concerns about central bank digital currencies solving no problems that Venmo doesn't already.
01:01:08.000CBDCs allow the Fed to monitor every transaction, impose negative interest rates, and it would allow them to directly tax customer accounts based upon social media behavior.
01:01:20.000If you think penalties can only take the form of fees and taxes, consider what's happening in Europe with their energy crisis.
01:01:27.000We're seeing the signs of what's coming with the central bank digital currency and the things we should be very concerned about.
01:01:35.000In Europe, places in Europe right now, if you heat your home above 19 degrees this winter, you could go to jail.
01:01:43.000Because of what's happening in Ukraine and Russia, there are natural gas shortages in Europe and the prices are very high, and they're worried about the winter.
01:01:54.000They're recommending that everyone use 10% less energy, turning their lights off, driving slower.
01:02:01.000They are not allowed to have advertising signs after 9 p.m. at night.
01:02:05.000All kinds of little things like that because the crisis is upon them.
01:02:09.000That moment is not too far away for the United States.
01:02:14.000114 countries with over 95% of global GDP are considering a central bank digital currency.
01:02:23.00020 countries are pilot testing CBDCs starting in 2023 alone.
01:02:27.000Globalist organizations like the World Economic Forum are calling for the great reset of the entire game of money.
01:02:35.000Using COVID 19 as their opportunity and employing words like inclusivity and sustainable, they're asking for cooperation from all sectors and all countries to bend the knee to the one ring of centralized power.
01:02:51.000A lot of rumors and skepticism revolve around this group because they are mostly the winners of the musical chairs game that led us to a world where 20 people at the top.
01:03:00.000Have more than the bottom 3.5 billion.
01:03:04.000No mystery why trust has become an issue.
01:03:07.000But seen another way, they're simply declaring what rules they believe the next game should apply.
01:03:13.000Because they, like everyone else, are calling the old game officially over.
01:04:56.000Our society is stressed and polarized and entitled and addicted and worried about the future.
01:05:05.000And we have a lot of things that are in the news that give us anxiety.
01:05:10.000What's happening in Russia and Ukraine, the economic woes, the fact that the job market is getting worse, there's inflation.
01:05:18.000Climate change is on a lot of people's minds.
01:05:21.000These are all symptoms of an underlying phenomenon downstream of this energy hungry super organism that is pulling stuff out of the ground, transforming it into goods and services, giving us neurotransmitters.
01:05:39.000And the challenge is not to blame this country or this company or this social demographic for what's happening.
01:05:51.000Our real challenge is how are we going to, in coming decades, approximate the same emotional states of our ancestors with less energy and material and ecological damage.
01:06:05.000That's at the core of everything we're talking about.
01:06:10.000So, do we keep pointing out enemies or do we drive towards a solution that we have agency over?
01:06:20.000Things are not going to get permanently worse.
01:06:38.000Everything that we need to live in a beautiful way is available to us.
01:06:42.000So please don't be afraid of the collapse, of the great reset.
01:06:50.000Yes, be afraid of the great reset that would be imposed upon us by elites that are disconnected from. Human life and from nature, and want to further totalitarian technocratic control over every aspect of life, to measure everything, to surveil everything, to track everything.
01:07:11.000That is a choice at this crossroads.0.81
01:07:15.000But don't give them more power than they actually have.
01:07:19.000They cannot impose this upon us by force.
01:09:56.000The US government and the Federal Reserve Bank already began applying pressure to commercial banks to refuse crypto exchanges, simultaneously developing their own nearly identical technology, only with less transparency.
01:10:11.000Perhaps a central authority keeps us immature masses safe from ourselves.
01:10:17.000But how will humanity ever mature without the freedom to make our own technologies and exchange freely?
01:10:26.000You know, massless gold or this inviolable spreadsheet in the sky, something like that, where it's just like, you know, I own this much, you own that much, we consensually agree to trade for money and goods or services.
01:10:42.000You get to these properties of money that people pursue, and you see why gold was selected.
01:10:47.000You see where gold had shortcomings in terms of its portability.
01:10:53.000Currency is a great augmentation to portability, but it introduces counterparty risk that leads us from gold backed currency to fiat currency.
01:11:01.000We have counterparty risks, we have people that debase currency into worthlessness.
01:11:06.000So that, like, perfectly explains that whole history and then also explains the solution to the whole fucking problem, which is this discovery or this invention of Satoshi in all his brilliance that he's perfected the properties of money.
01:11:29.000It's unknown whether it's a person or a pseudonym for who or what.
01:11:34.000Devised Bitcoin and the first blockchain database.
01:11:39.000Perhaps it's best we don't know who Satoshi is.
01:11:42.000Maybe history will turn it into mythology as the one who changed the game anonymously, if in fact decentralization becomes the new game.
01:11:53.000But Satoshi stood on the shoulders of giants.
01:11:56.000The collective and all our ancestors built this system and all its inner workings, flaws, and frailties because the fundamental human spirit is to witness, learn, evolve, and free ourselves from mental slavery.
01:12:12.000Instead of central authority, Blockchain technology gives everyone transparency, security, and surrenders the referee's position from humans to the technology itself.
01:12:25.000Each link in the blockchain is verified not by a central database, but distributed across the network as the digital ecosystem governs itself.
01:12:35.000Money merges with the Internet, just like a CBDC, but without the CB.
01:12:42.000The intelligence of the natural kingdom works in this way as a dynamic system.
01:12:49.000And to maintain this balance, every now and then, Team Yin has to check Team Yang.
01:12:57.000I've heard stories about capoeira being used as direct action.
01:13:02.000Actually, people leading marches with beaten bows, actually playing capoeira in front of bulldozers.
01:13:07.000It's been working really well for direct action for me.
01:13:09.000My friends see me out there doing this in front of the Fed, and a lot of them want to come train with me just because they see me training.
01:13:16.000And they don't even really know anything about the Fed or the NEED Act, but they learn more about it just by coming out there.0.65
01:13:22.000Martial arts are all about using your enemy's strengths against them.
01:13:27.000It's all about taking out a larger opponent, using their own momentum and force and strength against them.
01:13:35.000I mean, so monetary reform for me is just a martial art.
01:13:53.000Killed myself just like all my siblings had I not taken the debt and gotten out of that situation.
01:14:00.000Perhaps the instrument of debt wasn't a useless scam only to benefit the few.
01:14:05.000And perhaps the Fed isn't an enemy, but an organ that simply needs removed.
01:14:12.000House of Representatives member Tom Emmer proposed the CBDC Anti Surveillance State Act to limit the Fed's power if a CBDC becomes the new monetary normal.
01:14:24.000But perhaps even that is too little too late.
01:14:28.000The NEED Act was proposed by Dennis Kucinich during Occupy Wall Street.
01:14:33.000It calls to dismantle the Fed and let the U.S. Treasury create debt free money.
01:14:40.000The Fed is where we should have been occupying.
01:14:42.000The NEED Act should have been our demand.
01:14:45.000And the other thing that I've really learned from Occupy and from subsequent cannabis legalization is that calling your representatives is even more important than voting.
01:14:58.000One of the biggest things I think we need to change is the fact that our money is printed by central banks with a correspondent debt.
01:15:07.000We can nationalize that bank and we can issue currency that's not backed by debt.
01:15:13.000It just needs to be issued by the U.S. Treasury, and we, the people, need to control our own currency.
01:15:22.000Whether seeds and cattle, Circuits and wires, Bitcoin or gold.
01:15:28.000No matter where you look, no matter your preference, the game that started 10,000 years ago is going digital.
01:15:38.000And perhaps this one time you should remember your power, come and dear this super organism, call your representatives, use your voice, create art, build community, and brace for impact for whatever comes next.
01:15:58.000Because whatever comes next is now here.
01:16:03.000The more that we can build social networks and social.
01:16:08.000Bonds now, before some crisis arrives, I think the better the outcomes will be.
01:16:15.000We have to remember that after basic needs are met, the best things in life are free.
01:16:22.000We have to stop giving away our will in the search of money and realizing that the best thing we can do is invest in ourselves.
01:16:30.000It's not about how much money you have in your bank account, but it's the product of what you're generating with that that is real wealth.
01:16:37.000Publications like Forbes spend lots of resources trying to figure out.
01:16:41.000How much wealth has somebody amassed, but not what they do with it?
01:16:46.000The indigenous pipeline protesters, Me Too, Extinction Rebellion.0.82
01:16:57.000We can reclaim a lot of life from the realm of money, and that means that we could have economic degrowth, even as we have more and more of the things that cannot be measured, that cannot be monetized.
01:17:10.000And maybe we want more and more of those things.
01:17:13.000Which isn't to say that we'll abolish money, but it's to say the realm of money, the domain of money, maybe it's time for that to shrink a little bit.
01:17:31.000Well, we've come now to the end of this saga.
01:17:35.000The money game and the future of humanity are now in your hands.
01:17:57.000I can conceive of a national destiny which meets the responsibilities of today and measures up to the possibilities of tomorrow.
01:18:07.000Behold a republic resting securely upon the mountain of eternal truth, a republic applying in practice and proclaiming to the world the self-evident proposition that all men are created equal, that they're endowed with inalienable rights, that governments are among men to secure these rights and that governments derive their just powers from the consent of the governed.
01:18:36.000Behold a republic in which civil and religious liberty stimulate all to earnest endeavor and in which the law restrains every hand uplifted for a neighbor's injury.
01:18:50.000A republic in which every citizen is a sovereign but in which no one cares to wear a crown.
01:18:57.000Behold a republic standing erect while emperor fires all around or bowed beneath the weight of their own armaments.
01:19:06.000A republic whose flag is love while other flags are only fear.
01:19:12.000Behold a republic increasing in population, in wealth, in strength, and in influence, solving the problems of civilization and hastening the coming of a universal brotherhood.
01:19:26.000A republic which shakes thrones and dissolves aristocracies by its silent example.
01:19:34.000and gives light and inspiration to those who sit in darkness.
01:19:38.000Behold a republic, gradually but surely becoming the supreme moral factor in the world's progress and the accepted arbiter of the world's disputes.
01:19:51.000A republic whose history, like the path of the just, is as the shining light that shineth more and more unto the perfect day.