Timcast IRL - Tim Pool - Timcast IRL - Biden Inflation Crisis Sparks Panic as CPI Signals Market Crash Coming w-Lee Smith

00:00:00.000 Hey, good news everybody.

00:00:28.000 It's the Biden inflation crisis.

00:00:31.000 Yay! 0.99

00:00:32.000 Consumer price index is up 5%, which is higher than Wall Street expected, and it means the cost of your goods are going to go way up.

00:00:39.000 And the best part is, it doesn't include fuel and food, because bacon is up 19%.

00:00:46.000 Yeah, that should ring alarm bells for everybody.

00:00:48.000 At the same time, this story about BlackRock, this investment firm buying up all these houses, it's going viral.

00:00:54.000 This Twitter thread, it's got like 25,000 retweets, and I talked about it, and Ben Shapiro chimed in.

00:01:01.000 In defense of Black Rock, and conservatives, and leftists, and basically everybody was like, yo, Ben, you're wrong on this one.

00:01:08.000 But we'll take a look at what his argument is, because it comes from like a freedom, libertarian kind of perspective.

00:01:13.000 I personally disagree with his perspective, and we'll break all that down.

00:01:16.000 And we got just a bunch of stuff going on, man.

00:01:19.000 California is facing a mega drought.

00:01:21.000 This is going to exacerbate the cost of goods.

00:01:24.000 So, I hope you're ready.

00:01:26.000 They're rationing in California.

00:01:27.000 They're issuing rations now because the water is so low.

00:01:30.000 It's gonna get bad, and it may be worse than the last drought.

00:01:32.000 So, I guess that means your avocados are gone, and I don't know, humans don't eat alfalfa, but that means your cows won't be eating alfalfa.

00:01:39.000 Maybe they'll get corn-fed beef.

00:01:41.000 But I think things are going to start getting worse because when you have Joe Biden pumping six trillion dollars into the economy with a spending package, meanwhile, they're also paying people not to work.

00:01:49.000 Demand is being artificially increased, while supply is being artificially decreased, and that is just a recipe for an economic explosion.

00:01:58.000 Maybe it's on purpose.

00:02:00.000 Joining us today to talk about all this stuff, we got author Lee Smith.

00:02:03.000 You wrote The Permanent Coup.

00:02:05.000 That's right.

00:02:06.000 How's it going?

00:02:06.000 You want to just do a little brief introduction of yourself?

00:02:08.000 Yeah, well, first of all, it's great to be here.

00:02:09.000 Thanks very much.

00:02:11.000 A lot of fun.

00:02:12.000 Yeah, so I'm an author and that's my most recent book, The Permanent Coup.

00:02:16.000 And before that, I wrote a book in 2019 called The Plot Against the President.

00:02:22.000 True story of how Congressman Devin Nunes uncovered the biggest political scandal in US history.

00:02:30.000 And that was a book about Congressman Nunes' investigation into all of the Russia stuff.

00:02:36.000 And as it turns out, Donald Trump is not a Russian spy.

00:02:40.000 Really?

00:02:41.000 Yeah, surprisingly.

00:02:43.000 I hate to give away the ending of my book.

00:02:46.000 It's also a documentary movie, so I don't want to give away the ending, but I'll give a hint.

00:02:51.000 Donald Trump is not a Russian spy.

00:02:53.000 Yeah, it turns out in the news today, Donald Trump did not clear Lafayette of the protesters for a photo shoot.

00:02:58.000 That was fake news.

00:02:59.000 We knew it was fake news.

00:03:00.000 At the time it was reported, we were like, they had pre-scheduled the clearing of the protesters.

00:03:04.000 Yeah, it turns out that if you want to have a pretty good understanding of what happened during the four years of the Trump administration, you have to read everything in reverse.

00:03:13.000 You have to read everything backwards.

00:03:15.000 And that's really bad.

00:03:17.000 I mean, it's good news for making an investment.

00:03:19.000 You know, when the media comes out and they say something, just do the opposite.

00:03:21.000 It's like, you ever see that Seinfeld episode where George Costanza is like, I'm doing everything the opposite, and like, my life's great.

00:03:27.000 Just whatever he would normally do, he does totally different, and it works for him.

00:03:31.000 Because everything he does normally screws up.

00:03:32.000 That's where we're at right now.

00:03:33.000 Just the media says it.

00:03:34.000 Just the opposite must be true.

00:03:36.000 Absolutely.

00:03:38.000 You'd have done much better all throughout COVID and all throughout a lot of things if you just said like, well, if that's what The New York Times and The Washington Post and CNN is leading with, I'm going the other direction.

00:03:50.000 Because no sane person at this point would risk their own fate or the fate of their families on what's being reported in the press.

00:03:58.000 Yeah, right on.

00:03:59.000 We got we got you know, especially like don't buy a house.

00:04:03.000 I hear the media is not telling people it's not a good time to buy a house.

00:04:05.000 Yeah.

00:04:06.000 Bubble.

00:04:06.000 Yeah.

00:04:07.000 Bad time to buy a house.

00:04:08.000 Get my house.

00:04:09.000 Yeah.

00:04:10.000 Meanwhile, the biggest investment firms are buying them up.

00:04:10.000 Wait.

00:04:12.000 So if it was a bad time to buy a house, why are they buying houses?

00:04:15.000 I'm so glad we're talking about BlackRock.

00:04:16.000 They've been on my radar for about eight months.

00:04:18.000 I started learning about them only within the last year.

00:04:21.000 And along with State Street and Vanguard, they're the, you know, one of the three top investment firms in the world.

00:04:26.000 So I'm also interested to see if State Street and Vanguard are getting in on this house buying spree.

00:04:31.000 Are they?

00:04:31.000 They are?

00:04:32.000 I don't know.

00:04:32.000 I haven't been able to find anything, but I just started looking into it.

00:04:34.000 What's happening in the different cities?

00:04:37.000 New York, where I'm from originally, it makes me think about New York.

00:04:41.000 All the different people, I've heard some estimates, half a million people have left New York.

00:04:45.000 What's happening to all that real estate?

00:04:47.000 I mean, right?

00:04:48.000 We talk about how Bill de Blasio and Andrew Cuomo have run that city and have run that state into the ground.

00:04:55.000 For what? 0.98

00:04:55.000 Just because they're lunatics? 0.98

00:04:56.000 I believe they're lunatics, but is there something else going on? 0.94

00:04:59.000 Well, De Blasio publicly stated they want to buy up the property on pennies on the dollar and turn it into public housing. 0.89

00:05:04.000 Okay.

00:05:05.000 Well, there you go.

00:05:05.000 Right.

00:05:06.000 All right, we got Sarah Pachulis.

00:05:07.000 I am also here in the corner, and I'm very excited to learn that reading the news with a mirror held up to it is the way to go, because that's what I've been doing, and it's worked great for me.

00:05:15.000 I'm going to continue doing that.

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00:07:08.000 Seriously, thank you guys, BioTrust, for sponsoring the show.

00:07:11.000 We seriously are grateful for your support.

00:07:13.000 But don't forget, Go to TimCast.com.

00:07:15.000 Become a member because we'll have a bonus segment for members only coming up later tonight.

00:07:20.000 But your membership doesn't just get you access to the members only area.

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00:07:47.000 Let's jump into this first story.

00:07:49.000 You may have seen the news I covered a little bit earlier today.

00:07:51.000 Consumer prices jumped 5% in May at the fastest, this is the fastest pace since the summer of 2008, just before the market went They say headline consumer prices rose 5% year-over-year in May, the fastest pace since August 2008, and higher than Wall Street expectations.

00:08:09.000 The 3.8% rise in the core inflation rate, which excludes foods and energy prices, was the sharpest increase in nearly three decades.

00:08:17.000 Surging used car prices helped drive much of the inflation gains.

00:08:21.000 Initial jobless claims totaled $376,000, a touch higher than the estimate.

00:08:27.000 I don't know exactly what's going to happen.

00:08:29.000 You got a bunch of weird articles and you can't really believe the news.

00:08:32.000 This is an official number.

00:08:34.000 Maybe it's lower.

00:08:36.000 Maybe the number's a lot higher.

00:08:37.000 We had Max Keiser on the show.

00:08:38.000 Many of you are probably familiar with Max.

00:08:40.000 He's the Orange Pill podcast guy and he's very, very bullish on Bitcoin.

00:08:43.000 He said the inflation rate's probably closer to 10 or 15% but the Fed's not going to tell you.

00:08:47.000 The government's not going to let you know because that would disrupt a whole bunch of the system.

00:08:51.000 Interest rates, social security payouts.

00:08:54.000 So they're going to try and say it's as low as possible.

00:08:56.000 Do we trust the mainstream media?

00:08:58.000 After everything I've seen in the past five years?

00:09:00.000 No.

00:09:00.000 How do I know this article about the Consumer Price Index is even real?

00:09:04.000 Maybe there is no Consumer Price Index.

00:09:06.000 I don't even know what to believe at this point.

00:09:08.000 But we do this other article which I found interesting.

00:09:10.000 This is an op-ed from the Seattle Times.

00:09:12.000 Don't ignore the warnings of an imminent market crash.

00:09:16.000 This guy says, Harry S. Denton Jr.

00:09:18.000 has been a soothsayer of sadness and gloom for ages now, and has spent a lot of time on the wrong side of the record bull market recovery since the financial crisis of 2008.

00:09:27.000 Currently, he is calling for the stock market to crash with lightning speed, potentially starting within the next six weeks.

00:09:34.000 Now, I don't know if that's true.

00:09:36.000 It sounds a bit outlandish.

00:09:37.000 It's probably one of the more...

00:09:39.000 I guess, doomsaying stories that are out there.

00:09:41.000 Because if you read mainstream media, they're telling everybody it's all gonna be okay.

00:09:45.000 They're like, oh yeah, it's just, you know, demand hasn't caught up to supply yet, and once it does, it's gonna be a big boom for everybody.

00:09:51.000 But, uh, something doesn't feel right.

00:09:53.000 It feels...

00:09:54.000 Just like I wasn't there, but right before the Great Depression, 1920, it just this I was studying it.

00:09:59.000 It's like this is what happened.

00:10:00.000 The inflation starts in it.

00:10:03.000 The crash is like a three month process or of several.

00:10:07.000 It's a multi month.

00:10:08.000 It doesn't just happen in three days.

00:10:09.000 And so we're probably in the middle of it right now.

00:10:11.000 That's why we're seeing 15 percent inflation across the board.

00:10:14.000 How many people have been following the GameStop AMC stock?

00:10:20.000 Now, I think there's a potential danger there.

00:10:22.000 Of course, they're saying it's going to be a big short sell.

00:10:25.000 Everyone's going to make a ton of money.

00:10:26.000 I have some AMC stock, so we'll see.

00:10:27.000 But I don't have a lot of risk.

00:10:29.000 I'm not exposed all that much.

00:10:30.000 I don't have that much money.

00:10:32.000 A little bit of AMC stock, not a whole lot.

00:10:34.000 And a lot of people are leveraging hard for these meme stocks.

00:10:38.000 And, you know, Ian's saying it's a lot like the Great Depression.

00:10:40.000 Yes.

00:10:41.000 What happens when a bunch of working-class people put tons of money into, say, like, Dogecoin or something, or these meme stocks, and they leverage hard against it?

00:10:48.000 So you've got... Some people have said they've leveraged all their assets and their credit lines to buy, like, a hundred K in AMC because they know it's gonna go up.

00:10:56.000 What happens when that pops?

00:10:57.000 What if there is a market crash in six weeks?

00:10:58.000 Is that what's happening, you think?

00:11:00.000 I mean, is that...

00:11:01.000 You think people are getting... I mean, I remember before there was some concern and not knowing enough about the market.

00:11:06.000 There was some concern, it seemed legitimate, that some people might be getting lured into this unwittingly.

00:11:12.000 Do you think that some of that's been happening?

00:11:14.000 You know, I don't know.

00:11:16.000 I'm bullish on crypto.

00:11:18.000 And I'll tell you this, if you look at the market pre-2008 crash, the people who held on to their assets for dear life, They made out like bandits.

00:11:28.000 Right.

00:11:29.000 The market recovered and boom, they're back up.

00:11:31.000 But a lot of people, you know, I hear these stories.

00:11:34.000 I was not alive during the Great Depression and believe it or not, I'm only 35.

00:11:37.000 But the stories I heard was that people were making all this money in the stock market.

00:11:41.000 And so once they saw how everyone else was getting rich, they started buying on margin.

00:11:45.000 They started, you know, leveraging their assets and credits to buy all the stock.

00:11:48.000 And then when it dropped, they were like, my life is over.

00:11:51.000 So what if that's happening now?

00:11:53.000 What if these people think?

00:11:55.000 And I don't want to be bearish on these things.

00:11:58.000 Look, I bought AMC.

00:11:59.000 I'm actually of the opinion it's probably going to go up and it's the hedge funds that are going to eat it.

00:12:03.000 But if the hedge funds eat it and they get a bailout, I mean, there's going to be a massive wave of something that hits everybody.

00:12:08.000 Well, I think this comes back to what you were talking about before with the houses and real estate.

00:12:13.000 I think that people, even though they're trying to warn people, don't worry about anything.

00:12:17.000 People see the signs.

00:12:19.000 People see what's happening with inflation and what are people doing.

00:12:22.000 People want to buy houses, even though they understand that with inflation, the value is going to take a hit, but that's something that's long-term.

00:12:30.000 And I hear people all the time, friends, not necessarily finance professionals, saying put your money in something real that's going to last.

00:12:38.000 We know different commodities like artwork, even things I hear people talking about, not just Bitcoin, baseball cards, things like that.

00:12:47.000 NFTs, see those NFTs?

00:12:49.000 Non-fungible tokens.

00:12:50.000 Oh, right, right. 0.92

00:12:51.000 People are spending ridiculous amounts of money on nonsense. 0.87

00:12:55.000 So I gotta I gotta wonder, man, if you got a bunch of young people right now.

00:12:59.000 So I mean, I think about this, like, who are these people who are who are the retail investors that are investing heavily in crypto and these meme stocks?

00:13:06.000 And what if what if there is a market crash?

00:13:08.000 I mean, we're looking at consumer prices skyrocketing.

00:13:11.000 People are worried about the dollar.

00:13:13.000 I don't know.

00:13:14.000 I don't know.

00:13:15.000 It's the margin.

00:13:15.000 It's the margins that make me nervous.

00:13:17.000 So I bought a bunch of crypto, Ethereum, and then I took out a loan to buy more Ethereum, basically a margin on margin with my own crypto.

00:13:26.000 And so the Ethereum went from like $1,100 to $800 value.

00:13:30.000 And they were like, margin call, if this goes to $700, we're gonna have to sell all your Ethereum and pay back the loan that you took out.

00:13:36.000 And I started to sweat.

00:13:37.000 It went back up as I had anticipated and I was lucky and I just, I just cleared my margin.

00:13:43.000 I can't, I'm not sitting on a margin right now.

00:13:45.000 Like, yeah, if it, if the economy crashes, it will recover.

00:13:48.000 So if you're holding assets, you'll be, they'll still recover.

00:13:51.000 But if you're holding on margin and they do a call and then they take everything from you.

00:13:56.000 That's the problem.

00:13:57.000 And I can't give advice, but that's what I did was I cleared my margins.

00:14:02.000 It's creepy.

00:14:03.000 I don't know.

00:14:04.000 I mean, maybe the meme stocks are just going to skyrocket.

00:14:06.000 But it's beyond all this.

00:14:08.000 It's not just, you know, the crypto and stuff.

00:14:11.000 It's Joe Biden.

00:14:13.000 You know, they're still doing this $300 a week unemployment stimulus thing.

00:14:16.000 But I think around like 30 states or so have like now canceled it.

00:14:19.000 Right.

00:14:19.000 Because people got to get back to work.

00:14:21.000 A lot of the red states are trying to block this, get people back to work.

00:14:26.000 In the state we're in now, South Carolina, the governor has at least tried to put his foot down, and I think that's happening in other red states too.

00:14:35.000 People are concerned about it.

00:14:37.000 How are we going to get Americans back to work? 1.00

00:14:40.000 Because you can see it also undermining local and state economies as well.

00:14:43.000 It's really dangerous.

00:14:45.000 Yeah, I have to wonder.

00:14:46.000 When you look at some of these charts, there's a vaccination chart we talked about a couple times.

00:14:52.000 NPR put it out.

00:14:52.000 The states with the highest rate of vaccination are all blue.

00:14:55.000 The state with the lowest vaccination are all red. 0.99

00:14:57.000 The only states that defy that anomaly are the states that, you know, Trump and Trump supporters are contesting for the, you know, in the election, which is also, you know, just kind of a funny thing to point out.

00:15:05.000 But I have to wonder, you know, the red states are clearly defiant to the blue states.

00:15:10.000 The blue states want hard lockdowns, they want command economy, they want total economic control.

00:15:15.000 At what point do the red states just say no?

00:15:18.000 Because with Texas and Florida reopening and banning vaccine passports, clearly they're telling Biden to go shove it.

00:15:26.000 But I mean, can this keep up for the next few years?

00:15:29.000 What happens when, you know, as I pointed this out the other day, if someone who lives in Texas can't go to Washington because they have vaccine passports, right?

00:15:37.000 So I just bring that up in the context of, you know, where we're at economically and how, what did we see before COVID?

00:15:44.000 These blue states were in massive debt.

00:15:47.000 Yeah, it's reparations, in a sense.

00:15:47.000 Yeah.

00:15:48.000 spiraling and then all of a sudden we get COVID. Then as soon as Joe Biden gets in, he starts handing out all the

00:15:54.000 cash, which is a tax on people in those red states, taking the money from the middle class, devaluing their currency

00:16:03.000 and their savings account. Yeah, it's reparations and in a sense, but to the wealthy blue states, right? No, it's

00:16:12.000 brutal because also it's it's there's also it's it's not just political payoff, right?

00:16:14.000 You're hurting also your enemies, right?

00:16:16.000 You're taking the money from red states and handing it off to blue states.

00:16:21.000 And why?

00:16:22.000 Because even though that you destroyed your city, even though you were part of rioting last spring and summer and you tore your city to shreds, don't worry, Joe Biden's got the bill.

00:16:34.000 Don't worry, you can keep this all closed.

00:16:37.000 Don't worry, people don't have to work because Uncle Joe's covering it.

00:16:41.000 Yeah, it was basically like, let them burn everything down, blame it on Trump, and then Joe Biden will cover the debts.

00:16:47.000 Absolutely.

00:16:48.000 They sacrificed the people of this country for political gain.

00:16:51.000 So, how long until the red states are just like, nah, ain't doing it.

00:16:55.000 I mean, I don't know.

00:16:56.000 What's happening now?

00:16:57.000 I mean, it's interesting.

00:16:58.000 Are people saying, are people saying, yeah, just, you know, if you're going to come here, you know, if you're going to come here, behave yourself.

00:17:05.000 If you're going to come to the red states, if you're going to come to Florida, I mean, what, Florida's still getting, they must still be getting maybe more, a thousand, a thousand new residents a day.

00:17:13.000 So who's going down there?

00:17:15.000 And in Texas, the rumor is you can't buy a house from anywhere.

00:17:18.000 Everyone's just desperately trying to buy everything up in Texas.

00:17:21.000 But I think about the conundrum here is that, you know, Washington, New York, they're starting to

00:17:21.000 Fine.

00:17:27.000 increase the vaccine passport things. They're putting restrictions on who can come there

00:17:31.000 while Texas and Florida are doing the opposite. That means these blue states will be able to

00:17:35.000 reap the benefits and the rewards of the labor of these red states, not the other way around.

00:17:40.000 We're getting to this dangerous point where, I mean, we're really close to neo-feudalism.

00:17:46.000 Do people want to go?

00:17:47.000 I mean, it's the people.

00:17:49.000 Do people want to go to New York?

00:17:51.000 Right.

00:17:51.000 When you're saying I can't go to New York unless I have a covid passport, I said, OK, I won't go to New York.

00:17:57.000 What if you work for American Airlines out of Dallas Fort Worth?

00:18:00.000 That's bad.

00:18:01.000 Right.

00:18:01.000 And you fly into you got to fly in for a meeting.

00:18:05.000 They say, OK, so we got a, you know, senior VP in Dallas.

00:18:08.000 Hey, we got a meeting with, you know, someone from the New York, you know, JFK administration or whatever, Port Authority.

00:18:15.000 You can't go, sorry.

00:18:16.000 It might be an exciting time in the country, politically, where the states start reasserting what they're about, and you have, therefore, you have the governor of Texas and others saying, stepping up for American Airlines, if that's the way it's gonna go, stepping up and saying, we're looking out for our business as well, and we understand, and here's how we're gonna push back against New York.

00:18:39.000 If New York tries to hurt our business, Our business people, we're going to push back on them in this way.

00:18:45.000 But I think the problem is, it's always going to favor those who are the most stubborn in terms of the negotiation, right?

00:18:54.000 So if New York says, look, the people of New York demand the Excelsior pass, if you want to come here and go into this building, you need your pass.

00:19:01.000 And then Texas can complain all they want, and New York will be like, look, you want business from us?

00:19:06.000 What are you gonna do about it?

00:19:07.000 The issue is, you've got stubborn New York making a demand, and you've got more libertarian, or libertarian-esque Dallas-Fort Worth, you know, people saying, fine, we'll just do it, it's easier, and we get the deal done.

00:19:21.000 So the pressure from the stubborn states will work on those who are less concerned about some of these issues.

00:19:25.000 It's easier in some ways if Texas voters, for instance, I mean, this is, you know, for instance, if Texas voters say, if you make that deal, you're in big trouble.

00:19:33.000 If the governor makes that deal and is going to force us to conduct our business... No, no, I don't mean that.

00:19:39.000 I mean, American Airlines employee.

00:19:41.000 Right.

00:19:41.000 He's got a meeting in New York with some big company for food or something.

00:19:45.000 New York says, you must be vaccinated.

00:19:47.000 You must have your Excelsior pass.

00:19:49.000 No one in Texas is going to force this guy to do it.

00:19:51.000 He just literally can't do the meeting.

00:19:52.000 Right.

00:19:53.000 And so what will happen is the employees at American Airlines will just choose to abide by New York law.

00:19:58.000 Yeah, this is a big thing.

00:20:00.000 That's going to compel different people.

00:20:01.000 If their living depends on whether or not they have to get the shot, maybe there will be different consortiums of states.

00:20:10.000 Maybe Texas and Florida and Idaho will find some way to team together and break some of the coastal powers.

00:20:25.000 Maybe.

00:20:26.000 I just think everyone takes the path of least resistance.

00:20:29.000 Or most people do.

00:20:30.000 So long as New York puts these heavy pressures on people, if they want money and access, they'll just give in to whatever New York wants.

00:20:36.000 Or Washington, or whatever state they gotta operate in.

00:20:39.000 It can be relaxed in New York, but they will just set the standard for the most difficult.

00:20:44.000 So my concern at this point is, maybe you're right, maybe a bunch of states form regional compacts.

00:20:49.000 Aren't we just talking about states aligning against states?

00:20:52.000 I mean, we saw that in 2020.

00:20:52.000 Yeah.

00:20:54.000 48 states were involved in lawsuits against each other.

00:20:54.000 Yeah.

00:20:57.000 That was crazy.

00:20:57.000 Right.

00:20:59.000 Right.

00:20:59.000 Yeah.

00:21:00.000 That's what it's, in a sense, it's kind of an interesting time.

00:21:04.000 May you live in interesting times.

00:21:05.000 Yeah.

00:21:06.000 Well, I don't want it to be that interesting, of course.

00:21:11.000 You know, but I mean, look, if we talk all the time about how dire things are, how drastic things are, what kind of times, what kind of interesting times we're living in, then the very least people are gonna have to stand up and say, like, you know what?

00:21:23.000 I'm gonna have to make a decision.

00:21:23.000 I don't know.

00:21:24.000 Do I want to get this shot to be able to do business in New York?

00:21:28.000 Or how do I get around this?

00:21:29.000 Or what are the different compacts I'm going to make with colleagues, with political powers?

00:21:35.000 How are we going to push back on this?

00:21:39.000 I think a lot of what we're seeing with the artificial inflation of demand and the suppression of supply feels like the Great Reset.

00:21:46.000 You're familiar with the Great Reset and all that? 0.99

00:21:49.000 It's mass social conditioning where if you abruptly come out like Bloomberg, you know, Michael Bloomberg in New York City wanted to tax sodas or whatever, and he was like, we should tax the poor because they're too stupid. 0.97

00:22:01.000 If you come out right away and prohibit something, people will revolt. 0.97

00:22:04.000 You've taken something from them.

00:22:05.000 But if you just, It's not available!

00:22:08.000 And then over a couple of weeks, people break their routines, and within a month, nobody cares anymore.

00:22:12.000 They forget about whatever that was.

00:22:14.000 You can mass socially engineer people by shutting down the supply for certain things.

00:22:18.000 So, you get people, as many people as possible, not to work, you limit the amount of stuff, wait a month, and then people won't be looking for stuff.

00:22:26.000 They'll be completely over it.

00:22:28.000 So it feels like, with that and with the housing market stuff, it's very much a, you will own nothing, and you will be happy.

00:22:36.000 Right.

00:22:40.000 We'll see when we come to a limit.

00:22:43.000 I mean, there's a writer I like very much whose name is Lee Harris.

00:22:50.000 We share a first name.

00:22:51.000 And the argument that he makes is that a lot of American freedom, what a lot of American freedom is about is about American stubbornness.

00:22:58.000 It's not necessarily people saying all the time, I have these wonderful high ideals.

00:23:02.000 I have these marvelous principles I must live by.

00:23:05.000 It's more like, you can't tell me to do that.

00:23:07.000 I'm just not gonna do it.

00:23:09.000 Right?

00:23:09.000 I think we saw in the past year that more than half the country will just do that.

00:23:12.000 Yeah.

00:23:13.000 Absolutely.

00:23:14.000 I had last night, I had kind of a reckoning where I was, I saw some image of like, if you don't have, if you're not vaccinated, you don't have a vaccine card, you can't come in like to a restaurant somewhere, some picture on Twitter.

00:23:23.000 And I just resigned myself to all the things that I'll never be able to do.

00:23:26.000 And I'm okay with it.

00:23:27.000 Maybe I'll never go to Europe.

00:23:28.000 Maybe I'll never travel around Asia.

00:23:30.000 Maybe I'll never go back to New York city.

00:23:31.000 This was a European restaurant.

00:23:33.000 I don't know.

00:23:33.000 It was just a picture.

00:23:34.000 It was in English.

00:23:35.000 The sign was, I imagined it was New York city.

00:23:37.000 I don't know for sure, but you know, sad, but whatever.

00:23:40.000 I'm stubborn.

00:23:40.000 Right.

00:23:41.000 They're doing vaccine segregation in a lot of these places.

00:23:44.000 It's not outright banning.

00:23:45.000 Well, a lot of these places, I mean, if you're talking about restaurants in New York, I mean, New York is not in great shape.

00:23:51.000 When you think about what's going to happen, what will the power of New York look like?

00:23:55.000 Will New York have the power to set the agenda like that?

00:23:58.000 A lot of commercial real estate is Commercial real estate in New York, I assume, is in really bad shape right now.

00:24:04.000 Why?

00:24:05.000 Because people have figured out, after three decades of talking about telecommuting, people have actually telecommuted, right?

00:24:12.000 They defunded the police.

00:24:13.000 They let rioters run wild in the streets of New York.

00:24:17.000 Without the commercial real estate, how many restaurants are you going to have?

00:24:20.000 So how many restaurants are going to be able to afford, say, unless you have that vaccine, you can't come in here?

00:24:24.000 They'll be like, please come in.

00:24:26.000 We'll sit you at a nice table right here.

00:24:29.000 Depends on how much of a Karen people of New York are. 0.99

00:24:32.000 Because if you get, it's really about the demand.

00:24:34.000 If people in New York are just like, you, we're not conservatives, we're not Republicans, why aren't you testing for vaccines?

00:24:40.000 Vice.com said, you know, we have vaccine passports, why aren't we using them?

00:24:44.000 We should be mandated.

00:24:45.000 People in New York are going to be demanding.

00:24:48.000 What I'm worried is they'll go to a cafe and they'll open the door and go, excuse me, I could not but notice you don't have any vax testing or Excelsior pass.

00:24:56.000 No, we don't do it here.

00:24:57.000 I'm not going here.

00:24:58.000 That's unsafe.

00:24:59.000 And then, oh, no, no, no, no.

00:25:00.000 We'll do it.

00:25:01.000 We'll implement that.

00:25:02.000 I don't know.

00:25:02.000 What are the chances?

00:25:04.000 New Yorkers like to pride themselves on being very tough and hardy.

00:25:08.000 So what are the chances are people going to say like, well, we're going to open up the, we're going to open up the fireman's bar where people come in here.

00:25:14.000 You know, we've got a couple of firemen and firemen and cops who own this bar. 0.85

00:25:17.000 And believe me, you don't have to wear a mask to get in here.

00:25:20.000 Some people don't even wear pants to get in here.

00:25:23.000 So welcome.

00:25:24.000 I guess it just depends on, you know, you look at the conformity of the modern left, and it's also because, um, it's also people who are more likely to be conservative, or at least they were liberals who became disaffected, they left these places.

00:25:24.000 Come on in.

00:25:37.000 They leave New York, they leave LA, they leave Chicago.

00:25:37.000 Yeah.

00:25:40.000 And so the people who remain are the culty, fallen line, you know, do whatever they're told.

00:25:45.000 A lot of them, though, they've moved out to places like Connecticut, or they've moved out to Long Island, or they're just hiding in their apartments.

00:25:51.000 They're not going out at all.

00:25:53.000 They're barely going out at all.

00:25:56.000 If you look at everything that happened last year, it's very much a restriction on supply and forcing people to move out of cities.

00:26:03.000 It's amazing.

00:26:03.000 I mean, you have this great reset from the World Economic Forum where it says in 10 years you will own nothing, you'll be happy.

00:26:08.000 Then you get all these, you should eat the bugs articles.

00:26:11.000 You don't want to buy a house, don't buy a house.

00:26:14.000 Just be a renter for the rest of your life and don't have a family, don't have kids.

00:26:19.000 Yeah.

00:26:20.000 The Bugs articles, actually I kind of get a kick out of that.

00:26:24.000 Because it just seems so absurd and it seems so over the top.

00:26:29.000 I read those Bugs articles and I think that they're actually gooning the tech guys.

00:26:34.000 Because a lot of those guys in Silicon Valley are so hyped up on hygiene.

00:26:38.000 Whenever I read those articles, I imagine they're actually talking to Bill Gates.

00:26:42.000 Bill Gates is grossed out by beef.

00:26:44.000 What is he thinking about eating cicadas?

00:26:46.000 So, actually, I get a kick out of those pieces.

00:26:48.000 Yeah, but, you know, when the Great Reset... I mean, it's happening now.

00:26:54.000 When they take away the beef, I shouldn't say take it away, because I don't think they're going to ban beef.

00:26:58.000 I think what's going to happen is we're already facing beef and chicken shortages.

00:27:02.000 It's just becoming economically difficult to perform for whatever reason, be it regulatory or otherwise.

00:27:08.000 Well, I assure you, like, have you seen the movie V for Vendetta?

00:27:11.000 Oh yeah, sure.

00:27:12.000 When Natalie Portman's in V's headquarters and she's like, is this real butter?

00:27:15.000 And he's like, yes.

00:27:16.000 It's like, where did you get it?

00:27:17.000 And he goes from Chancellor Sutler's, you know, private train carriage or whatever.

00:27:20.000 Yeah, the elites, they're going to have the sweetest, juiciest, grass-fed filet mignon, and you're going to be eating cell-grown, fatless ground chuck.

00:27:32.000 Is it in Soylent Green, or is it in one of the Planet of the Apes movies, where Charlton Heston comes upon a beautiful strawberry?

00:27:40.000 And then it's just a single strawberry.

00:27:41.000 Yeah, right.

00:27:42.000 But that's Planet of the Apes then, right?

00:27:44.000 Because Heston was in Planet of the Apes?

00:27:45.000 Yeah, he was also in Soil and Grain, though.

00:27:47.000 Remember that?

00:27:49.000 That's right.

00:27:50.000 I've never seen it.

00:27:51.000 It's fantastic.

00:27:53.000 And he's got the great scene at the end of Planets.

00:27:55.000 Was the movie called Soil and Grain?

00:27:57.000 I think, yeah.

00:27:57.000 Yeah, sure.

00:27:58.000 The movie was called Soil and Grain?

00:27:58.000 What's that?

00:27:59.000 Edward G. Robinson.

00:28:00.000 Oh, yeah.

00:28:01.000 It's so long ago.

00:28:01.000 I haven't seen it.

00:28:02.000 Oh, yeah.

00:28:02.000 It's big, especially now.

00:28:03.000 People talk freaking out about beef.

00:28:06.000 And, you know, it's a great fun movie.

00:28:09.000 Do you hear Starbucks is having shortages of, like, lids, cups, syrups, apples?

00:28:14.000 For what?

00:28:15.000 There's mass shortages across the board.

00:28:17.000 I'll tell you, I saw this story today.

00:28:18.000 It said Starbucks facing shortages across the nation.

00:28:21.000 And I was like, you know what?

00:28:23.000 I'm going to brag, because if you've been watching this show, I've been warning about the shortages that are coming.

00:28:28.000 So a month ago or longer, maybe even two months ago, I was like, hey, something really weird's happening.

00:28:34.000 There's meat shortages, but it's only being reported in local markets.

00:28:38.000 Like, you look at Omaha local news and they're like, hey, we got no meat.

00:28:41.000 But nationally, no one's saying anything about it.

00:28:45.000 All of a sudden, now the stories are trying to pop up.

00:28:47.000 Chicken and beef shortages.

00:28:50.000 Starbucks' shortage of plastic goods, cups, lids.

00:28:53.000 They're saying people are coming into Starbucks, they can't get their favorite drinks, there's no mocha.

00:28:56.000 Someone sent me a photo from a Starbucks in the DC area, and it's just like, there's like a list on the door saying like, we're out of these things, and it's just like, nothing.

00:29:04.000 They have nothing, they have coffee.

00:29:06.000 Yeah.

00:29:07.000 It's a great beginning to like a zombie apocalypse.

00:29:09.000 There's no plastic.

00:29:10.000 I can't get my mocha.

00:29:11.000 Well, here's something I was really surprised about.

00:29:14.000 Today I picked up some gum at the airport coming in and there was a sign at the cashiers, and maybe you guys have heard of this.

00:29:23.000 I have not.

00:29:24.000 There is now a national coin shortage.

00:29:26.000 Did you know that?

00:29:27.000 Yeah, it's been going on for a year.

00:29:28.000 Oh, it is?

00:29:29.000 And I just heard about it.

00:29:30.000 Wow.

00:29:31.000 That's really weird stuff happening.

00:29:33.000 Really?

00:29:33.000 How does that happen?

00:29:35.000 What is the explanation for the national coin shortage?

00:29:37.000 They probably want to make ammo.

00:29:39.000 Maybe they're pulling the copper off the pennies.

00:29:42.000 Although they're mostly zinc carving.

00:29:43.000 For a jacket?

00:29:44.000 Copper jacket?

00:29:46.000 I think what's in nickel is zinc and nickel, I think.

00:29:46.000 I don't know.

00:29:49.000 I think they don't use copper anymore, you know, because it's too valuable.

00:29:52.000 Yeah.

00:29:52.000 Now they're using zinc and other zinc.

00:29:54.000 Most nickels are like 95 percent zinc and they're coated in nickel now.

00:29:57.000 They used to be pure nickel.

00:29:58.000 But a shortage.

00:29:59.000 I mean, this is just bizarre.

00:30:00.000 I came up with people just not using cash.

00:30:03.000 And I was like, yeah, people are ordering everything.

00:30:05.000 I know.

00:30:05.000 I've seen that, too.

00:30:06.000 People aren't people freak out now.

00:30:08.000 People freak out sometimes in your hand. 0.92

00:30:10.000 Dirty.

00:30:10.000 Right.

00:30:10.000 Oh, my God.

00:30:11.000 Whether whether it's intentional or not, it's very much a massive societal transformation.

00:30:17.000 You know, so it could just be, oh, you know, geez, you know, this pandemic happened, and then all of a sudden, this, you know, these big shifts cause massive societal change.

00:30:26.000 It's interesting when you read about the Great Reset, they talk about the conspiracy theory of it, and I can't figure out what they're accusing of being a conspiracy theory.

00:30:32.000 So if you look up the Wikipedia page for the Great Reset, it's like, the Great Reset is a proposal from the World Economic Forum and international, you know, interests that are advocating for a reset of global capitalism, to change the behaviors of people, and yadda yadda, instill a more stakeholder-focused view of the world, and, you know, save the planet, there's a big list of things they want.

00:30:49.000 And then it says, a section says, conspiracy theory.

00:30:52.000 But it doesn't actually say what's a conspiracy about it.

00:30:55.000 It's like, many people on the far right claim there's a conspiracy theory.

00:30:59.000 And I'm like, okay, if you just told me There's literally wealthy elites, the Davos group, advocating for these things that are literally happening.

00:31:07.000 I'm not sure what you're accusing of being the conspiracy theory in this.

00:31:10.000 I don't know where that's at.

00:31:11.000 It's like, this is literally a thing.

00:31:14.000 Now, I guess the conspiracy theory is that they faked COVID or whatever, which I don't think. 0.90

00:31:19.000 That's ridiculous.

00:31:20.000 I think we're learning now with Lab League stuff, it seems like a big screw-up on their part, on the part of the Wuhan lab and Fauci's funding and all that stuff.

00:31:27.000 But they're certainly exploiting the crisis for some kind of great reset.

00:31:31.000 Yes, absolutely.

00:31:33.000 Having some experiences being called a conspiracy theorist, having reported on the having reported on Russiagate and having reported what really happened that the FBI The FBI spied on, you know, spied on Donald Trump that this is what was going on.

00:31:48.000 Donald Trump is not a Russian agent, is not a Russian spy.

00:31:52.000 Yeah, basically whatever they're using, whenever they're using the label conspiracy theorist, they're using it to smear someone.

00:31:59.000 I want to make a correction about the pennies and nickels.

00:32:02.000 Pennies are made of zinc, coated with copper.

00:32:04.000 Nickels are made of a 75% copper, 25% nickel alloy. 0.99

00:32:05.000 is a lunatic. It needs to be dismissed. 0.75

00:32:08.000 I want to make a correction about the pennies and nickels.

00:32:10.000 Pennies are made of zinc coated with copper.

00:32:12.000 Nickels are made of a 75% copper, 25% nickel alloy.

00:32:17.000 So that's a lot of copper.

00:32:18.000 Aren't they worth more in copper than they are in nickels now?

00:32:21.000 Like as currency?

00:32:22.000 Sounds right.

00:32:22.000 Maybe that's why there's a coin?

00:32:24.000 Probably.

00:32:25.000 They've got to figure it out.

00:32:25.000 That's right.

00:32:27.000 I mean, that's always been, I think, I think, uh, yeah, that the metals are worth more than the pennies themselves.

00:32:32.000 I was reading that.

00:32:33.000 I don't know.

00:32:34.000 What's the...

00:32:35.000 What's copper?

00:32:35.000 What copper's currently at?

00:32:36.000 I don't know.

00:32:37.000 I think I was reading somewhere a few years ago, it was like a nickel's copper- a nickel, which is the coin, has a certain amount of copper, which is worth like 7.5 cents.

00:32:46.000 Or like 7 cents, but the nickel itself is only worth 5, so... It's illegal to do this, my understanding.

00:32:46.000 What?

00:32:52.000 Yeah, it's worth about 7 cents, a nickel.

00:32:54.000 That's what this says.

00:32:54.000 That's what it says.

00:32:55.000 A nickel's metal is worth 7 cents.

00:32:58.000 How interesting.

00:32:58.000 Wow.

00:32:59.000 Is that what it says?

00:32:59.000 Yeah.

00:33:00.000 According to coins.fund, thefundtimesguide.com.

00:33:04.000 I've never heard of it, but yeah.

00:33:05.000 When was the last time anyone's held a nickel, to be honest?

00:33:09.000 I haven't really.

00:33:11.000 I haven't in a little while.

00:33:12.000 Yeah, it's been a few years.

00:33:13.000 My son just got a piggy bank with seven pennies.

00:33:16.000 It was the only seven pennies in the house.

00:33:17.000 No, no, no.

00:33:18.000 It's only it's only been about eight months.

00:33:19.000 I have a bag of change for my piggy bank.

00:33:21.000 Well, this is a way to keep up with inflation if we can just start treating those coins as seven cents worth.

00:33:26.000 They don't have to be worth 5 cents.

00:33:27.000 That's why they wore metal.

00:33:29.000 But it just changed the value of the coins.

00:33:31.000 Used to be nickel.

00:33:31.000 A quarter gives you 30 cents, a nickel gives you 7.

00:33:34.000 Used to be silver.

00:33:35.000 You can buy bags of old silver American currency and it's worth way more.

00:33:39.000 That's a really weird thing.

00:33:41.000 I was reading stories about how people would seek out specific nickels, melt them down. 0.98

00:33:46.000 Get the cop around, you make money.

00:33:48.000 Sounds like they are doing that.

00:33:49.000 Think about what that means.

00:33:50.000 Again, I'm pretty sure it's illegal so you don't do this.

00:33:53.000 But you could go to a bank and be like, I would like all of your nickels.

00:33:55.000 I just need nickels.

00:33:56.000 It's an arcade machine I got back home.

00:33:57.000 So here's a hundred bucks.

00:33:59.000 Give me the nickels.

00:33:59.000 And then you get two cents per nickel.

00:34:03.000 Yeah, I think it is illegal to destroy currency.

00:34:06.000 It's federal property.

00:34:08.000 On purpose.

00:34:08.000 Well, then I've got a different idea, kind of a variation on this.

00:34:12.000 You know, in Washington, D.C., they charge you five cents at the cashier if you want a bag.

00:34:17.000 That's why a lot of people take their own bags from home.

00:34:20.000 But I figured I would I would set up a little stand in front of a lot of the major supermarkets selling plastic bags for three cents.

00:34:27.000 Undercut them and basically wipe out giant and stuff like that.

00:34:33.000 Three cents.

00:34:34.000 Yeah.

00:34:34.000 Three cents.

00:34:35.000 You need a bag.

00:34:36.000 That's right.

00:34:37.000 They got a bag for three cents.

00:34:39.000 You need an umbrella, too.

00:34:40.000 This sounds similar to the book that you're working on.

00:34:42.000 A lot of the stuff you're studying about.

00:34:45.000 I wonder, have you studied The Global Reset?

00:34:47.000 The Great Reset?

00:34:50.000 Through different.

00:34:51.000 Again, my my main focus the last couple of years has been the corruption of our elites.

00:34:58.000 So, yes, absolutely.

00:34:59.000 The way that our elites have been targeting have been targeting the American public.

00:35:05.000 Absolutely.

00:35:05.000 This is this is definitely an important aspect of this.

00:35:08.000 Have you been able to track any connections to any of that stuff?

00:35:17.000 What I would say is, again, my main interest right now is looking in particular at our

00:35:23.000 elites in China.

00:35:24.000 So if we're talking about different combinations, in a sense the Chinese Communist Party is the platform for the global realignment.

00:35:35.000 If you're talking about the Great Reset, the Chinese, that's why it was very important to get the Chinese into the World Trade Organization in 2001.

00:35:43.000 That's why it was very important for the Clinton administration in 1994 to de-link human rights from trade.

00:35:50.000 And I want to make clear, while I think that the way the Chinese government, the Chinese Communist Party, treats its own citizens is something that we should be paying attention to, our main focus as Americans and our leaders should be on American human rights and how Americans are treated.

00:36:05.000 My point, however, is when you saw, and this was bipartisan, it wasn't just Bill Clinton.

00:36:10.000 Remember, this started with Henry Kissinger, right?

00:36:13.000 It started with Kissinger reaching out to China, the opening there.

00:36:18.000 So yes, I think we've seen steady progress starting, certainly exaggerated, in 1994.

00:36:25.000 I think that our elites, basically American elites specifically, gave up on American democracy.

00:36:32.000 And this was the deal they made.

00:36:35.000 China happened to be the great power with an enormous cheap labor force.

00:36:41.000 But absolutely, this is what's been going on.

00:36:44.000 It's not by accident.

00:36:46.000 It's purposeful, right?

00:36:47.000 And you go back and you look at the different reports from the period.

00:36:50.000 If you see what's still happening now, right?

00:36:52.000 No one is embarrassed at this point.

00:36:55.000 When they talk about the Great Reset as a conspiracy theory, no one is embarrassed to say these different things.

00:37:01.000 Joe Biden wasn't embarrassed.

00:37:03.000 It's amazing.

00:37:03.000 first day in office to get rid of the Keystone Pipeline.

00:37:07.000 None of them are embarrassed about it, how much this is gonna hurt the American people.

00:37:12.000 They're all very upfront about it, they don't care.

00:37:15.000 It's amazing, I mean, this past election was the country itself versus subversion of the country.

00:37:22.000 You had people genuinely convinced Trump was the subversion when Trump was actually the pro-America guy.

00:37:28.000 Joe Biden is the very much, I could care less about Americans.

00:37:31.000 Kamala Harris, I could care less about Americans.

00:37:33.000 They don't care at all.

00:37:34.000 Right.

00:37:35.000 The language, one of the most important things I think that's happened as part of the political and part of the spiritual and part of the intellectual moves against us, The way that the language has changed, right?

00:37:48.000 I know that this is something that you guys are interested in, which is fascinating to me.

00:37:52.000 The idea of left and right, liberal and conservative, how these things have flipped around.

00:37:56.000 Well, I'm sorry, how is it a liberal or a left-wing value to start siding with what the FBI is doing to American citizens?

00:38:07.000 Since when is that a left-wing value?

00:38:09.000 Since when is it a liberal value to think That immigration, mass illegal immigration that is designed to hurt American working people, including Latinos, right?

00:38:22.000 That this is a liberal thing.

00:38:24.000 Just let people in here and we're going to drive the prices down and we're going to hurt American workers. 0.67

00:38:29.000 How is that a liberal thing?

00:38:30.000 None of these things are liberal.

00:38:31.000 It's one of the greatest de-radicalizations in the history of this country.

00:38:34.000 I mean, I know tons of hackers, former anonymous individuals, you know, the Anonymous Hacking Group and Antifa, who are posting on Facebook celebrating the FBI.

00:38:42.000 And I, you know, I commented to them like, just, I'm glad to hear that you guys have finally come to your senses and you respect the federal government and you're in line with law enforcement.

00:38:50.000 How did this happen?

00:38:51.000 How did it happen?

00:38:52.000 I mean, what do they say? 0.98

00:38:53.000 They just say, yeah, well, Trump's a fascist, so it's good. 0.58

00:38:56.000 And I was like, yeah, yeah, support the federal government when they go after your political enemies. 0.73

00:38:59.000 I've been telling you this, right?

00:39:01.000 You support when the FBI goes after political dissidents.

00:39:04.000 It's fantastic.

00:39:05.000 I want to talk about this BlackRock thing, because Ben Shapiro has made this statement.

00:39:10.000 Basically defending BlackRock.

00:39:12.000 And before we get into specifics of Ben Shapiro's statement, I'll pull up his tweet.

00:39:16.000 I believe they have it, I guess they don't have Ben Shapiro's?

00:39:21.000 How do they not?

00:39:22.000 That's like a weird thing to do.

00:39:23.000 Anyway, but we'll talk about Ben Shapiro's statement.

00:39:25.000 I want to point out, I just was denied for a home loan.

00:39:30.000 So this was something I've been working on for the past several months.

00:39:33.000 And I'll leave the details a bit private for now.

00:39:36.000 Maybe I'll talk about it once I get more information from the company that denied.

00:39:40.000 But it's been a weird go of things.

00:39:43.000 So I've been through the mortgage process before.

00:39:45.000 I am very capable of getting a mortgage.

00:39:50.000 My credit is fantastic.

00:39:51.000 My income is fantastic.

00:39:52.000 And they said no.

00:39:54.000 And what I'm learning now, because I tweeted about this, is that they have sent false credit, to my understanding, false credit report information used to stop me from being able to get a loan in the house.

00:40:04.000 It all seems very strange.

00:40:05.000 It's been, I think, three months of agents being swapped around, demanding the same documents over and over and over again, maybe like six or seven times.

00:40:14.000 And then when we do, a new person pops up and says, hey, I'm the agent now, now you gotta send it again.

00:40:18.000 It really feels like they're trying to stop us.

00:40:20.000 There was a point where I was like, are we just going to cancel this?

00:40:23.000 Because this is insane.

00:40:25.000 Why won't they just say no?

00:40:26.000 No, they're really trying to sludge us up so we can't buy.

00:40:29.000 At the same time, you have this viral story about a company called BlackRock, as well

00:40:33.000 as a bunch of other investment firms, that are buying up houses, paying 20 to 50 percent

00:40:37.000 above market.

00:40:38.000 I had a bunch of people tweeting at me in response to this thread, where they're saying

00:40:41.000 things like, one guy says, you know, I wanted to buy a house that was 300K, I had more than

00:40:46.000 enough money in the bank for a decent down payment and closing costs, and then an investment

00:40:51.000 company came in and bid 20,000 above my offer, and I countered, and they put another 20,

00:40:56.000 I just couldn't compete with them.

00:40:57.000 So this is the kind of thing that's been happening, shutting out people from being able to buy

00:41:01.000 homes.

00:41:02.000 Now, full disclosure, I'm fine without a lender.

00:41:06.000 I just thought it was irresponsible.

00:41:08.000 You know, there's other things I'd like to invest in, particularly hiring journalists

00:41:11.000 and running a company and putting it back into this operation.

00:41:15.000 But you know.

00:41:16.000 I don't know.

00:41:16.000 I I guess for regular working class people, they're not going to have these advantages or these opportunities.

00:41:24.000 And I think, I was just kind of shocked because, you know, I did not see this coming.

00:41:29.000 To be, you know, swatted down.

00:41:31.000 So I want to get into, with that being said, the reason I bring that up is just to express my feeling of unease, weariness, confusion, and it just feels really weird.

00:41:43.000 At the same time, I'm having this absurd difficulty getting a house.

00:41:47.000 I'm seeing these stories from Vox and from Mediaite and from Business Insider.

00:41:50.000 Don't buy a house.

00:41:51.000 It's a bubble.

00:41:52.000 You don't want to own property.

00:41:54.000 No, no, no.

00:41:55.000 It's a bad idea.

00:41:56.000 Millennials regret it.

00:41:58.000 It's interesting.

00:41:59.000 It's a really amazing thing.

00:42:00.000 I mean, owning a house is fantastic.

00:42:02.000 Your costs are cheaper per month than renting.

00:42:04.000 Yet they're telling people not to do it.

00:42:06.000 So when they say it's a bubble, that means if you buy a 500, the argument is if you buy a $500,000 house now in a year, it's going to be worth $350,000 and you're going to have a loan on it that's cost more than the value.

00:42:18.000 Yes.

00:42:18.000 So you can't sell your stuff.

00:42:19.000 But if you buy it at face value, it's going to be worth less, but it doesn't really matter because you already own the property.

00:42:24.000 I just really don't think that BlackRock and his other firms putting in 50 percent above market expect to lose that money.

00:42:31.000 I think they're going to try and flip it.

00:42:33.000 I would imagine they're going to they're going to ride the inflation and then sell it and make money off it or start rent or just rent it out.

00:42:39.000 No, they're converting a bunch of these into single-family rentals.

00:42:43.000 So we're dangerously close to the point where these large international investment funds own all the property, the property value skyrockets, you can't buy it, and then you become what's called a vassal.

00:42:53.000 Do you know what a vassal is?

00:42:55.000 I am familiar with that.

00:42:55.000 So when the feudal lord would say, in exchange for this grant of land to you, you provide the landlord with some kind of, you know, service or function.

00:43:04.000 But at that point, only the landlord would be the vassal of the lord, you of the king, you would be the serf of the vassal.

00:43:11.000 You wouldn't even have vassalage status because you own nothing.

00:43:13.000 Right, right, right.

00:43:15.000 I think one of the bad things about this is how uh not just that this is bad what they're doing but that i think a lot of people would find this to be ideal right i mean we're looking we're looking at a time um we're looking at a time where a lot of people are acting like monads right they're individual units well we're looking at the we're looking at the breakup of different things if we see what happened

00:43:43.000 During covid during the during the riots right communities were attacked, right?

00:43:49.000 We're looking right now at attacks on different parts of America different parts of the country desecration of our symbols desecration of our history.

00:43:57.000 It's like if people if you're telling people.

00:44:00.000 You shouldn't have families.

00:44:02.000 Your communities are bad. 1.00

00:44:04.000 Your communities are stupid. 1.00

00:44:05.000 Your communities are racist. 1.00

00:44:07.000 If that's how you're attacking them right there, then aren't people going to say, like, yeah, well, I don't know.

00:44:12.000 Why do I want to own a home and help build this community? 0.59

00:44:15.000 If people are telling me that having a community like this is bad, that it's racist, it's dumb, it's vulgar, it's whatever, why do I want to do this?

00:44:24.000 I think there's a real risk, too, if you get a house in the wrong area. 0.99

00:44:27.000 Someone's going to come and smash it up and then you're screwed.

00:44:29.000 That's a terrible thing. 0.96

00:44:30.000 Let me show you what Ben Shapiro said.

00:44:32.000 So Ben Shapiro engaged in this story from the Wall Street Journal, saying, I see many people are enraged at BlackRock.

00:44:38.000 BlackRock is buying homes from people willing to sell them.

00:44:40.000 If you don't like what they're doing, target the loose governmental policy incentivizing this sort of investment.

00:44:45.000 Seriously, BlackRock isn't going to stop investing in single-family homes because you're mad on Twitter.

00:44:50.000 But you could direct your energies towards stopping the Fed's insane monetary policy, which is driving down the cost of loans and creating a massive bubble.

00:44:57.000 If BlackRock is willing to take the risk of leveraging up to buy single-family housing at above-market prices, that's their prerogative.

00:45:04.000 So long as they own the downside risk, no bailouts ever.

00:45:08.000 And if you're mad at BlackRock and want to artificially prevent them from buying single-family homes, I'd like for you to explain to those who currently own the homes why you're taking money out of their pockets.

00:45:18.000 So, my first response to Ben's tweet, with respect, would be, I wonder what his opinion is on Chinese nationals buying up homes from people above market.

00:45:28.000 What's the difference between international investment firms who are taking away because of their ability to get access to federally printed money from the Fed, Federal Reserve, They're artificially able to out-compete the middle class, taking away the middle class's opportunity for home ownership.

00:45:47.000 But what about China?

00:45:49.000 I mean, if someone comes to me and says, you know, a Chinese national wants to buy my house for above market, I mean, I'm going to say no.

00:45:56.000 I'm going to say I don't feel comfortable selling to foreign interests at a time when the middle class and the working class in my own country is hurting.

00:46:03.000 If we actually in this nation had scruples, then people who own the homes might be like, I am not going to sell to this massive investment firm.

00:46:10.000 In fact, I've talked to people who have told me they were selling and they were saying that they're going to make sure it doesn't go to any one of these big corporations for above market, and they only want to sell to American working families.

00:46:19.000 Well, we used to make movies about this, right?

00:46:21.000 This is the kind of thing that used to be the heart of American popular culture, right?

00:46:28.000 You made movies about what it's like to have a community, what it's like to have a family.

00:46:33.000 This is essentially what It's a Wonderful Life is about, right?

00:46:36.000 Why is it a great town?

00:46:38.000 Because George Bailey stuck around and he allowed them all to, he allowed the working classes to build a home. 0.98

00:46:45.000 When it became Pottersville, it was this Horrible, vulgar town, prostitution and gambling and stuff like that.

00:46:51.000 It's an important thing.

00:46:52.000 And what's weird is how many, how many people, I'm not going to say on the right, but how many Americans generally, how many American thought leaders, intellectuals have missed what's been going on over the last four years, how some of these arguments have shifted, right?

00:47:07.000 Do we want Do we want a market?

00:47:10.000 Do we want a country?

00:47:11.000 What does it take to have a country?

00:47:12.000 What does it take to build communities?

00:47:14.000 And if you're just going to talk about markets, then you're not going to have communities and you're not going to have a country.

00:47:19.000 It's a good point, man.

00:47:20.000 I don't like using the heavy hand of the law unless, you know, after great debate, maybe we do.

00:47:25.000 But maybe it should be illegal for these firms and investment firms to buy property if there's another human trying to bid, like an American citizen trying to make a bid or a foreign national buying it out.

00:47:37.000 Here's the inverse.

00:47:40.000 We saw in 2008, the government was saying you had to give out loans to these families.

00:47:45.000 Families who often couldn't afford to pay back these loans.

00:47:48.000 And then when the loans went bad, they tried stuffing them into mortgage-backed securities, trying to find some way to make duds into something valuable, and the whole system just broke apart.

00:47:56.000 A lot of the criticism was, well, when the government forces people to lend to people who clearly can't afford houses, the housing market explodes.

00:48:03.000 Well, BlackRock can certainly afford to pay for these houses.

00:48:06.000 Maybe these people should be renters, I suppose, right?

00:48:08.000 I certainly don't think so.

00:48:08.000 I think people should have access to homeownership.

00:48:11.000 The difference here is it's the other extreme.

00:48:13.000 Coming in and telling a middle-class person who can't afford the house, we're gonna spend an extra 50% on top so you can't buy it, is not the same as mandating someone be given special access to loans they can't afford.

00:48:24.000 I agree.

00:48:25.000 I would like to clarify this whole 2008 crisis a little bit.

00:48:29.000 So they loaned out to citizens, just regular people.

00:48:33.000 They made loans to them.

00:48:34.000 Then the people, when they had trouble paying it back because of what?

00:48:37.000 Inflation?

00:48:38.000 It was people with, in many instances, bad credit.

00:48:42.000 had no business owning a home, but they were given these like no money down loans with high interest rates.

00:48:47.000 And then when people couldn't pay them back, they started to default on the loan.

00:48:50.000 And so they packaged the debt into other things and then sold those to like investment firms.

00:48:55.000 Yep.

00:48:55.000 There was something sinister going on about the process because a lot of people were kind of...

00:49:00.000 a lot of people knew it was sort of a racket and a lot of people were making money and doing a lot of bad things that

00:49:07.000 hurt not just the economy, but the country and the world.

00:49:10.000 So now it sounds like they're using that as an excuse to not loan people money, instead going the safe route by just loaning it to big corporations.

00:49:18.000 Well, I suppose authoritarianism is always the safe route, I guess.

00:49:22.000 Right.

00:49:22.000 When you have despotic control of a nation and you can oppress and strip away the rights and, you know, resources from the working class, so long as you have a good psychological manipulation apparatus, which I guess we do, sort of, then you got nothing to worry about.

00:49:36.000 Definitely.

00:49:37.000 I mean, that's what the press is.

00:49:39.000 I mean, this is what the press has been doing for, you know, at least five years now.

00:49:43.000 Yeah, it's amazing where it's like, you know, journalism today is like, make the biggest lie.

00:49:50.000 I feel like we're about to transition our government into like a more democratically decentralized system, like a legit system.

00:50:05.000 I've been studying the Greek, the development of the Greek democracy, 500, 600 BC, and basically the farmers, the Greek farmers, were paying a sixth of their food to their local landlords, and they couldn't afford the debt, so they were putting their own freedom up as collateral.

00:50:19.000 It used to be legal, you could say, you can take my family as a slave, or me as a slave, if I can't pay back the debt.

00:50:25.000 They couldn't pay back their debts, or they couldn't pay their taxes, basically, so they were conscripted into slavery.

00:50:30.000 And what was happening was, Athens realized, if they needed to call up a military, they couldn't, because these people were all unburdened by debt.

00:50:37.000 So, they were going to get taken over from the outside because their people were just wrecked.

00:50:41.000 So they had to dispel all the debt.

00:50:44.000 All that 1-6, they freed all the slaves.

00:50:46.000 I mean, they made drastic changes to their system.

00:50:49.000 Out of necessity, because they were going to get taken over by a foreign power if they didn't. 0.94

00:50:53.000 We need to be able to rely on our citizens to have strength, willpower, and the ability to mobilize.

00:50:58.000 I think.

00:50:59.000 And Lee, correct me if I'm wrong, that Chinese interests may be subverting this country to, you know, global dominance of some sort. 0.93

00:51:09.000 I think it's the interest of our elite that's subverting this country.

00:51:13.000 I mean, their ties.

00:51:14.000 I mean, I've talked about this.

00:51:16.000 I've written about it a bit.

00:51:18.000 And the big problem, I think, is China a strategic threat to the United States?

00:51:22.000 Yes, definitely.

00:51:23.000 But the bigger strategic threat to the United States is our elites who have been selling this country off piece by piece, betraying this country to the Chinese Communist Party for decades now. 0.62

00:51:38.000 Believe me, I'm not making excuses for what the Chinese Communist Party is doing, how they're trying to hurt America. 1.00

00:51:47.000 But the biggest problem, again, is I think that Donald Trump had it right when Donald Trump said, I can't really pick on Xi or their leaders.

00:51:54.000 They're just doing what they think is right for their country.

00:51:57.000 How many of our leaders, national, state, municipal, How many of our leaders have our interest at stake?

00:52:07.000 If you look at places like, we come back to New York again, is that really the way that Andrew Cuomo is governing the state of New York, the way that Bill de Blasio is running New York City?

00:52:19.000 Is that in the interest of New Yorkers?

00:52:21.000 Very hard to believe.

00:52:22.000 No.

00:52:23.000 No, it's not.

00:52:24.000 When they put all those homeless people, and many of them are like convicted criminals, next to the wealthy apartments, and then people are getting attacked.

00:52:31.000 They emptied out the Upper West Side, right?

00:52:34.000 I mean, the amount of people who were moving out of there.

00:52:37.000 And these people, in lots of ways, they were the vitality, the wit, and the imagination of New York.

00:52:43.000 People living on the Upper West Side.

00:52:45.000 They cleared them out, right?

00:52:47.000 They cleared them out by sticking homeless people and putting halfway houses up there on the Upper West Side. 1.00

00:52:54.000 I'm pretty sure one of the individuals was like a child offender near a school.

00:52:59.000 And so naturally the wealthy people who were there were the first to be like, I can leave and I will leave.

00:53:03.000 And it was almost, it almost seems like it was intentional.

00:53:08.000 Yeah, it's very interesting.

00:53:12.000 So that's what I mean.

00:53:13.000 I think it's our leadership.

00:53:15.000 It's our leadership who's not looking out for us.

00:53:18.000 If you look at what the Biden administration is doing, you truly have to wonder.

00:53:22.000 I mean, I'll mention again, First day, you put that much energy, the XL, you know, closing down the pipeline.

00:53:29.000 Why is that so?

00:53:29.000 Why?

00:53:31.000 Why was that so vital?

00:53:33.000 The number of jobs, the number of jobs that that costs and will cost, and you just look at a number of different policies, both foreign and domestic, was it really that important?

00:53:42.000 Do we need to be underwriting Hamas's war in the Middle East by sending $5.5 million for reconstruction in Gaza?

00:53:52.000 I'm not sure.

00:53:53.000 Did anyone vote for that?

00:53:54.000 Who voted for these things?

00:53:55.000 The people voted for Biden.

00:53:56.000 Yeah.

00:53:57.000 We are not a democracy.

00:53:58.000 We're a representative constitutional republic.

00:54:01.000 And so in this regard, there is a challenge in that the politicians lie.

00:54:07.000 I mean, in this regard, it's also, this is what you get when you elect someone not because of their policies, but because you don't like the other guy.

00:54:15.000 And it's the best example of it.

00:54:16.000 So, you know, very often we've had the two-party system where it's like, oh man, McCain's so bad, I gotta vote for Obama.

00:54:22.000 Oh, Obama's so bad, I gotta vote for McCain.

00:54:23.000 Yeah, but this one was like the epitome of like people coming out screaming Trump was bad.

00:54:30.000 And man, you know, I couldn't imagine this.

00:54:32.000 The people who really believe the mainstream press about Trump really do live in this psychotic, paranoid, delusional state. 0.56

00:54:39.000 This permanent, perpetual, paranoid delusion where Donald Trump is literally Hitler and all this crazy stuff's happening.

00:54:47.000 It's just not true.

00:54:48.000 The worst thing about it is if you see the coverage coming out of the New York Times Or the different reporters who are based in New York.

00:54:55.000 I mean, Donald Trump has been a New York figure for five decades, right?

00:54:59.000 All these people have heard of Donald Trump.

00:55:01.000 They all know who Donald Trump is now.

00:55:02.000 There's lots of things that you can say about Donald Trump.

00:55:05.000 You don't like his attitude.

00:55:06.000 You don't like his policies.

00:55:07.000 You don't like the way he looks.

00:55:09.000 You don't like how he appears so much in the press.

00:55:11.000 But all the different things they were saying about him, you're right.

00:55:14.000 Fascist, Nazi, stuff like that.

00:55:16.000 All of these people saw Donald Trump on TV. 0.91

00:55:19.000 They saw Donald Trump at Trump Tower.

00:55:21.000 They saw Donald Trump in New York restaurants for decades.

00:55:24.000 And they turn around and start saying this stuff?

00:55:26.000 Absolute nonsense.

00:55:28.000 They know better.

00:55:29.000 That's the issue.

00:55:30.000 They all know better.

00:55:31.000 Well, they're lying on purpose.

00:55:32.000 Exactly.

00:55:33.000 And they sold this to the American public and helped drive the American public crazy.

00:55:38.000 Or at least half of it.

00:55:39.000 For a combination of money and virtue signaling?

00:55:43.000 Kicks?

00:55:44.000 Oligarchical power.

00:55:46.000 They're consolidating their power base.

00:55:47.000 I mean, kind of, but, you know, Brian Stelter is gonna be living in a shoebox if this country falls apart.

00:55:54.000 He's of no societal value.

00:55:56.000 I mean, the dude probably can't even lift a heavy bag to help someone load their luggage into a car.

00:56:01.000 I'm not trying to be, like, overtly disrespectful.

00:56:03.000 I mean, quite literally.

00:56:04.000 What would a man like Brian Seltzer do were it not him running a propaganda state TV for the White House?

00:56:10.000 This is fascinating because that's the way that I see the press.

00:56:13.000 The press is the courtier class, right?

00:56:15.000 This is what they are.

00:56:16.000 If we're looking at the oligarchs, these are the retainers.

00:56:21.000 These are the people who work and don't you like what monsieur has said don't you like with the the new pro the

00:56:26.000 new?

00:56:26.000 Application that monsieur has designed aren't you interested in the new show that monsieur has produced. That's

00:56:32.000 what they are the retainers These are people who are

00:56:35.000 Their jobs are about messaging on behalf of the oligarch It reminds me of that episode of Simpsons where mr. Burns

00:56:45.000 is fleeing to his escape pod I forgot why.

00:56:48.000 And then, you know, Smithers tries to go with him.

00:56:49.000 He's like, oh, sorry, there's no room for you.

00:56:51.000 And then it, like, launches him in the air.

00:56:53.000 They're the weak little betas.

00:56:57.000 Who will say anything and everything for the corrupt elites who are extracting the resources from this country, but when all is said and done and the country falls apart, like, they're the first in line for whatever bad is going to be coming.

00:57:12.000 They provide little, if anything, in terms of value to society.

00:57:15.000 I mean, these are people who live in New York City.

00:57:18.000 Who live in giant concrete cubicles, who espouse propaganda for the state.

00:57:23.000 When the state has lost confidence in the people because the elites have extracted too much, and now the system topples, where do they go?

00:57:29.000 They have... What reasonable skills do they have?

00:57:31.000 Hey, Dylan Radigan went and started doing hydroponics.

00:57:34.000 That guy was smart.

00:57:35.000 Ten years ago, he was like, I'm out.

00:57:36.000 I'm not gonna be playing that game.

00:57:38.000 That guy's awesome.

00:57:39.000 Yeah.

00:57:40.000 I mean, if you look, if you look at the history of these different, if we think that this country is heading toward a very dangerous, very dark place, it may be, it may not be.

00:57:52.000 But regardless, if you look at the history of things that go bad, if you look at the history of authoritarian states, how these things begin, the bad things that happen, Right.

00:58:03.000 It's a mistake for the ideological class, for the ideologues.

00:58:09.000 They're always caught in the middle of it.

00:58:13.000 It's a very bad idea.

00:58:14.000 Well, I just think that the nature of America, as you mentioned, stubbornness, a lot of defiance.

00:58:22.000 It's not going to go the same as, say, Russia would, or many of these European nations would.

00:58:26.000 It'll be different.

00:58:28.000 Call it a civil war, call it whatever you want.

00:58:30.000 You know, we mentioned this quite a bit in the context of it, but There's a dividing line forming between these states, which you mentioned with the vaccine segregation and the passports, which lends itself to the idea that if Joe Biden and the Democrats keep extracting and destroying this country, at what point will the Republicans cut things off and how will they do it?

00:58:51.000 Maybe Texas announces a Texas coin, a cryptocurrency for the people of Texas, a local currency to protect the value.

00:58:57.000 You know, look, Florida would probably do it first, to be honest, because you've got DeSantis.

00:59:01.000 He'd probably launch, and they just had the Bitcoin conference in Miami.

00:59:04.000 Think about this, Florida could launch, as a governmental entity, a DeFi coin, Florida coin, that is legal tender in the state of Florida.

00:59:13.000 What are the Feds gonna do?

00:59:14.000 I mean, I'm sure they would freak out.

00:59:15.000 They'd probably buy a bunch of it.

00:59:17.000 Maybe.

00:59:18.000 The issue is, so long as the Fed can print money and Biden can hand it for free to Cuomo, to Newsom, to Whitmer, they, when they spend money and destroy things, they are extracting the wealth from the people of Texas and Florida.

00:59:33.000 And the other states.

00:59:34.000 Utah, Idaho, etc.

00:59:35.000 Productive states.

00:59:36.000 That's right.

00:59:37.000 I'm thinking about I'm still thinking about the Greco the Greek democracy.

00:59:41.000 This is so it's so parallel.

00:59:42.000 They say history rhymes not necessarily interrupted.

00:59:45.000 So what happened was they defaulted on their tax debt was the first thing they did to get out of this problem.

00:59:51.000 The second thing was.

00:59:54.000 Uh, that they free their slaves.

00:59:55.000 Okay, so we're not in a state of slavery right now, although you could argue that we're in fiscal slavery.

00:59:58.000 Student loan debt.

00:59:59.000 Student loan debt.

01:00:00.000 Abolishing.

01:00:01.000 Uh, and so, but what happened was, then the poor people came up and they want, they started to demand the rich people's property.

01:00:07.000 And the guy that had been put in charge, this guy named Solon, was this brilliant, you know, merchant, uh, guy.

01:00:12.000 He wasn't a landowner, but he was just this really, really smart guy.

01:00:15.000 Said, no, we're not going to strip the wealth from the rich.

01:00:17.000 So it's going to happen again, probably.

01:00:19.000 It's likely that people are going to start demanding that we strip the wealth.

01:00:22.000 What we see now it's different is the mass printing of money.

01:00:25.000 They didn't have that in ancient Greece.

01:00:27.000 They didn't have this money printer, this Federal Reserve system, this fiat.

01:00:32.000 So I don't know how other than establishing a new currency and issuing a debt recall and voiding like the value of the dollar over like the two year period.

01:00:41.000 This is why Bitcoin is key.

01:00:43.000 Why I'm so bullish on Bitcoin.

01:00:45.000 I'm not telling anybody else what to do, but we talk about how... I mean, you've really got to understand this.

01:00:51.000 That the blue states were in serious trouble before the pandemic.

01:00:56.000 Their debts were piling up.

01:00:57.000 We had in New York City, they want to do the Amazon headquarters.

01:01:00.000 AOC comes in, starts spitting and yelling, and then Amazon pulls out, costing them $30 billion or more over a 10-year period.

01:01:07.000 They need that money to fix the MTA.

01:01:09.000 So they're in serious trouble.

01:01:10.000 Well, don't worry!

01:01:11.000 Don't worry.

01:01:12.000 You see, Donald Trump said he wasn't going to give him a bailout.

01:01:14.000 Fortunately for them, Joe Biden wins.

01:01:16.000 Joe Biden gives them all the cash they need.

01:01:18.000 Now they got some cash reserves.

01:01:19.000 But that is causing hyperinflation.

01:01:21.000 Or I should say hyperinflation.

01:01:22.000 It's causing inflation.

01:01:23.000 It's really high, depending on who you ask.

01:01:26.000 That means for someone in Texas who wants to buy a computer, your ability to buy these goods has been taken from you by the corruption of Andrew Cuomo.

01:01:37.000 How long will they stand for this?

01:01:39.000 They might just be like, okay, whatever.

01:01:39.000 I don't know.

01:01:41.000 Fine, whatever.

01:01:42.000 And then the federal government gives grants and loans to many of these states.

01:01:45.000 Anyway, many red states are getting money from the government.

01:01:47.000 So they'll probably just say, sure, fine, whatever.

01:01:50.000 But it is the savings of the people in these places that are being devalued and the governments that are benefiting from it.

01:01:56.000 Right.

01:01:56.000 It's terrible.

01:01:57.000 I guess one question is, one question is how long?

01:02:03.000 What's going to make people change?

01:02:08.000 What's going to break them?

01:02:09.000 Take their food.

01:02:10.000 What will it be?

01:02:11.000 So long as they have food, people will probably do nothing.

01:02:15.000 So this is my advice to the despots.

01:02:19.000 You just gotta go slow.

01:02:20.000 You can't throw boiling water on a frog.

01:02:24.000 You gotta put the frog in a pot and then boil the water.

01:02:26.000 That's how it's done.

01:02:27.000 Otherwise they freak out, right?

01:02:29.000 Make sure their food costs don't go too high.

01:02:31.000 You got to keep it below around 40% of their income per week.

01:02:34.000 Otherwise, they snap.

01:02:36.000 You're right.

01:02:37.000 I was watching this video last night about the hunter-gatherers.

01:02:39.000 I think it's the... it starts with an H. The Hanso?

01:02:42.000 Hanso?

01:02:42.000 It's the last hunter-gatherer tribe in the world, in, like, Eastern Africa.

01:02:45.000 And this guy goes there and hunts with them.

01:02:47.000 And they asked one of the hunters, what's the most important thing on Earth?

01:02:51.000 Like, what is it?

01:02:52.000 What's the greatest thing?

01:02:53.000 And he, without even thinking, he said meat.

01:02:55.000 And he's a hunter, so he thinks meat, but it's food.

01:02:57.000 It's food.

01:02:58.000 We think about all these lofty ideals and ways and love.

01:03:02.000 It's food.

01:03:04.000 You need food to live, bro.

01:03:05.000 Dude, it's all about the food.

01:03:06.000 Water and food.

01:03:06.000 Water.

01:03:07.000 Because if you don't have water, the food will kill you.

01:03:09.000 If these shortages get worse, I mean, you need only look at these photos of shopping markets during hurricanes.

01:03:18.000 All the meat is gone.

01:03:20.000 The vegan section is fine, though.

01:03:22.000 People don't want to eat bugs.

01:03:24.000 And they'll try.

01:03:25.000 Eat the bugs.

01:03:26.000 Come on, you eat it.

01:03:26.000 Because we're gonna have steak.

01:03:27.000 We're gonna have fancy steaks.

01:03:28.000 You guys eat the bugs, though.

01:03:30.000 Take their food away, and people will go nuts.

01:03:32.000 But there is a way out.

01:03:33.000 There is.

01:03:34.000 And it's... I don't know the regulations or the laws on this, but it would be really amazing if Texas just said, hey, we're making Texas coin.

01:03:43.000 That'd be awesome.

01:03:44.000 Every state should have their own.

01:03:45.000 I mean, it used to be that way.

01:03:46.000 The states used to have their own currency.

01:03:48.000 You can go online.

01:03:49.000 It's amazing.

01:03:49.000 I went to one website where they sell Rhode Island dollars.

01:03:52.000 Like, legal tender in the state of Rhode Island early on.

01:03:55.000 Nowhere else.

01:03:55.000 Is it just a one-for-one to the dollar?

01:03:57.000 I mean, I guess another thing that would be interesting is if you look at, you know, people... I don't know if it's still there after COVID, but people have spoken about California has the world's third largest economy.

01:04:07.000 So what about Texas?

01:04:08.000 What about Florida?

01:04:10.000 It seems that Florida is particularly...

01:04:12.000 California's economy is enormous because of its trade with Asia, especially with China, right?

01:04:17.000 But if you look at the other, if you look at Texas and Florida, these states are also well disposed to trade as well.

01:04:25.000 So what are the different ways for, what are the different ways for red states to build their To build their economic strength.

01:04:36.000 Again, I'm willing to bet the feds would storm in in two seconds with guns if any state tried to do this, but imagine if Texas said, okay, here's what we're doing.

01:04:44.000 As the government, we're going to be issuing a cryptocurrency called TexasCoin, where we'll print 21 million over the span of 100 years, and it's mined or whatever.

01:04:55.000 However, if you are a resident of the state of Texas, Or a registered business, and you're a representative of that business, you can exchange your Texas coin for U.S.

01:05:03.000 dollar.

01:05:04.000 Which means, in the Texas economy, they back their currency... No, that wouldn't work.

01:05:09.000 That wouldn't work, because inflation would still hit them.

01:05:11.000 But imagine they said... Or no, no, no, they could.

01:05:13.000 It would just be an exchange rate between the dollar and the Texas coin.

01:05:17.000 Then the Texas coin is deflationary.

01:05:19.000 So if you live in Texas, and you choose to accept Texas' currency, It's value goes up while the dollar goes down.

01:05:26.000 People in Texas are going to be like, I don't want to use dollar anymore.

01:05:28.000 And if you ever need to, you can just go to the government and as a resident, do an exchange.

01:05:33.000 Do you think this is, I mean, are people talking about this?

01:05:36.000 No, no, no, no.

01:05:37.000 I just, it just came to my thought of it.

01:05:37.000 I'm not.

01:05:39.000 I'm sure some people are.

01:05:40.000 It's really interesting.

01:05:41.000 I mean, Florida, look, I don't even think the government needs to do it.

01:05:44.000 If the government backed it or if anyone created a reserve and said, you know, it's, it's, imagine this, right?

01:05:51.000 There's a lot of cryptocurrencies.

01:05:52.000 Each and every one can be exchanged for some monetary value.

01:05:55.000 For the most part, some don't.

01:05:56.000 Some are private utility tokens.

01:05:58.000 But let's say, like, you know, Dogecoin right now is at, like, 35 cents or something.

01:06:02.000 What if the only way to actually do an exchange, it was only available to the people of the state of Florida?

01:06:07.000 Now, if you live in Texas, you can have some.

01:06:10.000 And you can trade it with people in Florida, but you can't get dollars out of it.

01:06:12.000 Unless you're a resident.

01:06:14.000 Then the residents would be like, oh, we want to accept this because we can use it amongst ourselves, retains its value, becomes more valuable.

01:06:21.000 So if someone pays me one Florida coin and I put in the bank in a month, it's basically basically worth two Florida coin.

01:06:28.000 I'm not taking those dollars.

01:06:29.000 I'm taking the Florida backed crypto.

01:06:31.000 And then.

01:06:32.000 The value, it costs, when it starts, it's one to one.

01:06:34.000 $1 is one Florida coin.

01:06:36.000 A month later, $2 is one Florida coin because of, it wouldn't be that dramatic, but inflation 5%.

01:06:41.000 You could always just exchange it back for US dollars.

01:06:44.000 It would be like literally any other cryptocurrency.

01:06:46.000 The difference is the state government of Florida or Texas or whatever state, or maybe New York would do it, are putting regulation on it statewide, which provides incentive for people in that state to use it and doesn't allow exchange for dollars outside of the state.

01:07:01.000 Now, however, people could still trade off-market, right?

01:07:04.000 Someone would be like, hey, I'll give you Texas coin for dollars or whatever.

01:07:07.000 And you could do that anywhere.

01:07:08.000 You could have it do discounts, too, locally.

01:07:09.000 Like, if you spend New York coin in New York, you get a 1% discount on anything you buy.

01:07:14.000 It would be easy to tax.

01:07:16.000 The government could have fees on every transaction instantly taxed.

01:07:20.000 Do we have a sense of like how different the difference between the Trump administration and the Biden administration on cryptocurrency?

01:07:28.000 Is there a big difference?

01:07:29.000 Trump hates it.

01:07:30.000 Really?

01:07:31.000 Yeah, I don't know of what Biden's position has been.

01:07:33.000 I mean, they're trying to regulate it.

01:07:35.000 Trump called it a scam.

01:07:36.000 He's wrong.

01:07:37.000 But it seems like the federal government really does not like it.

01:07:41.000 State Street's going in hard on crypto right now.

01:07:43.000 They're the second, I think it's the second or third largest investment firm in the world alongside BlackRock and Vanguard.

01:07:50.000 But State Street, if you look up State Street News yesterday, they're launching a cryptocurrency division.

01:07:56.000 To me, Bitcoin is a savings account.

01:07:59.000 If you put your money in a bank, it's losing value every day.

01:08:04.000 You put in Bitcoin, it's gaining value every day.

01:08:06.000 I don't care what they say.

01:08:07.000 And again, I'm not telling anybody to buy anything.

01:08:09.000 No financial advice from me.

01:08:11.000 What I'm saying is Bitcoin, based on the function of it, the capitalization, the liquidity, everything, it's going up in value.

01:08:22.000 Now, in the short term, you can see volatility, but you ignore that stuff.

01:08:25.000 I don't care.

01:08:26.000 If Bitcoin dropped to $10 right now, I'd panic buy as much as possible.

01:08:30.000 Like, wow.

01:08:31.000 I'd go nuts.

01:08:32.000 I'd just buy as much as I could.

01:08:33.000 But I don't think people... Where is it now?

01:08:35.000 I think it's at $36, maybe $35.

01:08:39.000 It was a 37 earlier.

01:08:40.000 It was a 32 the other day.

01:08:41.000 Like, if you're day trading, you're probably making a killing.

01:08:43.000 Do you check it out all the time?

01:08:45.000 I mean, are you- Sometimes I forget.

01:08:46.000 Sort of three days.

01:08:48.000 Sort of.

01:08:49.000 I've always just been someone who's bought and then ignored it.

01:08:52.000 Because it's a savings account.

01:08:53.000 I was day trading for a while.

01:08:54.000 You can make a lot.

01:08:54.000 A lot of money if you're day trading.

01:08:56.000 I mean, you can make like 2-7% daily.

01:08:59.000 It's crazy how much money you can make per day.

01:09:01.000 And if you're moving $10,000,000 a day, you know, that's $70,000,000 in just like two hours.

01:09:01.000 Because of the volatility.

01:09:06.000 Look, it hit $65k, and then it dropped to $30k or whatever, and it was mostly poor people who panicked and sold off, and all the rich people were laughing the whole time.

01:09:16.000 Because the rich people aren't worried about short-term losses like this.

01:09:20.000 It's like, dude, if I buy one Bitcoin, one Bitcoin equals one Bitcoin.

01:09:23.000 But if you're poor and you put in your only $200 hoping to turn it into $400 and then the market tanks, you panic and pull it out.

01:09:28.000 You've lost your money.

01:09:30.000 You buy when you can.

01:09:31.000 You know, for me, I'll buy when I can and I forget about it.

01:09:35.000 Some Ron Paul was talking about a lot was getting rid of this law that says that the US government or Congress has the monopoly on on a currency control of currency creation, basically, which they've already offloaded to the Federal Reserve anyway.

01:09:48.000 So they're basically they've they've given up their their responsibility to some private quasi private public company.

01:09:54.000 I don't know what the exact law is.

01:09:56.000 Dave Smith was talking about it when he was on the show.

01:09:58.000 But Ron Paul has been... We need to repeal or remove that restriction so that we can all legally create our own and create a market of currency market.

01:10:07.000 Because the U.S. 0.56

01:10:07.000 dollar can't carry the load. 0.56

01:10:10.000 We're watching it happen.

01:10:13.000 I would rather own rocks.

01:10:18.000 Like, I'd rather buy a bag of gravel than have a U.S.

01:10:20.000 dollar right now.

01:10:21.000 I wonder what the value of that's increased by in the last three months.

01:10:23.000 Gravel's gonna go up!

01:10:24.000 It's gonna become more and more expensive.

01:10:26.000 Sand.

01:10:26.000 Yeah, you're right.

01:10:27.000 Right.

01:10:27.000 Timber.

01:10:28.000 Absolutely.

01:10:28.000 So we got these parks built here, and these days, we couldn't get it done.

01:10:33.000 It's too expensive.

01:10:34.000 But the best thing is, they had leftover, oddly-shaped lumber here and there, and boards, because they cut things, and they say, here's the waste.

01:10:40.000 And the guy, I remember when they were building, they were like, so we'll have this all hauled away.

01:10:43.000 And I was like, no, no, no, no, no, no.

01:10:44.000 At the time, I was like, just throw it in the shed, because we like building stuff.

01:10:48.000 I'm sure we'll build something.

01:10:49.000 We built some, like, PVC rails, like, for, you know, skating and stuff.

01:10:52.000 And now we have this shed full of wood, and I'm like, wow.

01:10:55.000 Thousands and thousands of dollars.

01:10:57.000 No joke.

01:10:58.000 At the time, it was probably a total of, like, a thousand dollars worth of materials a year ago, and it's probably worth, like, seven or eight thousand now.

01:11:06.000 Some ridiculous amount of money for all these materials.

01:11:08.000 Plus, there's just like steel bars and pipes and stuff that you use for skating on.

01:11:15.000 So, wow.

01:11:17.000 I'm like, we could probably do a sale on this and make a ton of money right now.

01:11:20.000 No, but I want it.

01:11:20.000 Because we want to build stuff.

01:11:24.000 I would rather have a bag of rocks.

01:11:27.000 No joke, because sourcing the rocks is hard.

01:11:30.000 Sourcing the dollar is nothing.

01:11:32.000 Joe Biden's just making it rain on everybody.

01:11:34.000 And I'm like, there's no scarcity to the dollar.

01:11:36.000 Someone's got to go and get those rocks.

01:11:39.000 That's got value.

01:11:41.000 That's a great sales pitch.

01:11:41.000 That's interesting.

01:11:42.000 That's fantastic.

01:11:43.000 I'm holding a bag of gravel.

01:11:44.000 I'm holding a bag of rocks.

01:11:46.000 I'm holding a bag of rocks.

01:11:48.000 But I'm not even... I'm not... I'm being serious.

01:11:49.000 No, I know.

01:11:50.000 I know.

01:11:50.000 It sounds great.

01:11:52.000 If somebody came with, like, a Home Depot, like, you know, gray gravel for the driveway, I'd be like, how much?

01:11:57.000 I'd love ten bucks.

01:11:58.000 I'd love to see an Alec Baldwin version of this, like, Glenn Gary, Glenn Ross.

01:11:58.000 I'd be like, done.

01:12:02.000 You walk into the room, you're holding a bag of rocks, just like that.

01:12:05.000 I'm gonna buy some rocks.

01:12:07.000 Always be selling.

01:12:08.000 No kidding.

01:12:09.000 Always be selling.

01:12:11.000 Always be closing.

01:12:12.000 ABC, always be closing.

01:12:14.000 And you're holding the bag of rocks.

01:12:17.000 The problem is, where would you store the rocks?

01:12:19.000 Hence, we created currency to, you know, stand in for the... Yeah, but the currency inflates.

01:12:23.000 The rocks don't.

01:12:24.000 The rocks deflate.

01:12:26.000 Well, I guess the rocks inflate in value.

01:12:28.000 But the dollars become worthless.

01:12:32.000 So buy the rocks now for $10, and then in a month it'll be worth $12.

01:12:35.000 That's no joke, dude.

01:12:38.000 It takes a lot of effort to grind up that gravel and move it around.

01:12:41.000 It's like the most worthless thing you can imagine.

01:12:44.000 I mean, look.

01:12:46.000 Things you normally would think are worthless that people wouldn't want to have.

01:12:49.000 Wood, glass.

01:12:50.000 You know, back at the other house where we had the studio, we had a bunch of wood.

01:12:54.000 A bunch of wood that we just bought because it was cheap and we were using it to build stuff.

01:12:59.000 We didn't even care.

01:12:59.000 We just left it.

01:13:00.000 That's probably a couple hundred bucks right now that we just left behind.

01:13:02.000 That was only like 20 bucks when we bought it.

01:13:04.000 I mean, I'm getting bookcases made.

01:13:07.000 I know what it looks like.

01:13:09.000 I know how much more it is now than it was a year ago.

01:13:14.000 Well, let's talk about some of this environmental disaster stuff we got going on.

01:13:18.000 So, you know, obviously we've been talking about what you can invest in, the cost of lumber, the cost of food, the inflation.

01:13:25.000 Right now in California, they're dealing with a mega drought.

01:13:29.000 The Verge reports the Hoover Dam reservoir is at an all-time low, and apparently they're putting, in California, they're under some kind of rationing for water.

01:13:41.000 Yeah, the water, man.

01:13:42.000 How's it work?

01:13:43.000 I'm going to be careful with how I put this so I don't present myself as a water expert.

01:13:49.000 But my reporting on Congressman Devin Nunes, he's in Central California and, you know, he represents a big ag district, 22nd District in uh... in california and he was originally elected to fight the water wars and so i know a little bit about the central uh... the central valley water issues and one of the cases these guys make and it's pretty convincing to me is there's an awful lot of water coming off the sierra nevada uh... and this is what makes the central valley so fertile so rich with what they call the uh... brad basket of the solar system

01:14:28.000 Some of this, the water wars, what the water wars are about, it's about environmentalists or people who describe themselves as environmentalists in the Bay Area, to a lesser extent Los Angeles.

01:14:41.000 And a lot of this, in effect, what they're doing, again, I'm not, I don't know what's happening at the Hoover Dam.

01:14:48.000 I just want to give a little background on what I know about the water wars out in California.

01:14:52.000 They say there's an awful lot of water in California.

01:14:56.000 What they're trying to do is they're trying to break... They're trying to break their political opponents.

01:15:02.000 The game is, with the left, what they're trying to do is they're trying to hurt their economic base, strip them of their economic base in the Central Valley, the agricultural base, and also push them into the cities where they can control them.

01:15:17.000 So, again... By what?

01:15:19.000 By blocking water?

01:15:20.000 Or what?

01:15:21.000 Yeah, they run a lot of the water off into the bay and it's an argument about the smelts and what people say about the smelts is like this, you know, nothing against the smelts.

01:15:32.000 The Delta smelts?

01:15:33.000 Yeah, the Delta smelts.

01:15:34.000 Yes, my favorite fish.

01:15:35.000 You know about this, right.

01:15:36.000 So the Delta smelts are also a bait fish for, I believe it's a trout.

01:15:40.000 That's an imported fish, right?

01:15:42.000 The trout, they brought the trout out there.

01:15:44.000 It's an imported fish.

01:15:46.000 And the smelts, the smelts are eaten by the trout.

01:15:50.000 So what their point is, is that the environmentalist argument isn't very, uh, it's doesn't have a lot of integrity.

01:15:58.000 So they're entirely honest.

01:16:00.000 This is a... In my research, when I covered the last drought in the past six or so years, I would say that you're about half... What you're saying is about half of... What's the right way to put this?

01:16:13.000 In my research, it half agrees with what you're saying.

01:16:17.000 In places like Tulare County, they're barred from using surface water for growing crops because it's diverted to the cities.

01:16:24.000 And it's a really simple thing.

01:16:25.000 It's one of the biggest arguments I have for the Electoral College.

01:16:28.000 You have this one state with no electoral system, no proportional representation.

01:16:32.000 What happens is the farmers in these counties make up about 300,000 people, but a large portion of the economy.

01:16:37.000 Over in San Diego and LA, they have tens of millions of people.

01:16:41.000 So then they all say, hey, we're going to vote on who gets the water from the poor people.

01:16:45.000 And so when you get 300,000 farmers and poor people, and then you get tens of millions of city people, and they say, now everybody vote.

01:16:52.000 Well, that's what Ben Franklin said.

01:16:55.000 A democracy is two wolves and a lamb deciding what's for lunch.

01:16:59.000 A republic is a well-armed lamb contesting the vote.

01:17:02.000 So what we end up seeing is the farmers had to drill thousands upon thousands of feet into the earth for groundwater.

01:17:09.000 But the poor people who lived in East Porterville, I think it was called, their wells only went 30 feet, so they went dry.

01:17:17.000 They had no water left in their homes.

01:17:19.000 Taken by the farmers, because the farmers were in a drought, and there were canals with surface water.

01:17:24.000 And I said, there's so much water there, can't you take it?

01:17:26.000 And they were like, we're not legally allowed to.

01:17:29.000 It's diverted to cities.

01:17:30.000 So the water runoff from the mountains at a time of a drought goes to the cities who say they need it more.

01:17:34.000 But I will mention one thing as for the Delta.

01:17:36.000 So I went to the Bay Area.

01:17:39.000 And we talked to many people about the smelts and what the farmers wanted to do was they said, we got a lot of this water up north that goes into the bay and does nothing.

01:17:51.000 It reaches the San Francisco, around that area, where it hits the ocean and it basically makes all that fresh water useless.

01:17:58.000 We should divert that fresh water, have it go around the bay and go to the farms.

01:18:04.000 Now, the political argument was the smelt.

01:18:06.000 Oh, but you're going to kill all these fish if you do that. 0.74

01:18:09.000 I think the more sound argument was, I actually went to a bunch of cities in the Bay Area, smaller cities, not San Francisco, not Oakland, and I went to a bunch of farms.

01:18:19.000 One of the farms I went to was, I believe it was an apple farm, I could be wrong, it did some kind of fruit.

01:18:23.000 And they said, the water that we get for this farm is, it's bay area water.

01:18:29.000 So we're, we got all these, you know, tributaries, streams, and whatever.

01:18:32.000 It's all the delta water.

01:18:34.000 If you divert that water, it will reduce pressure, causing ocean water to come in, killing all of the fresh water in the bay, and wiping out all the small towns that rely on that water.

01:18:46.000 So it may be that you could, you know, the needs of the many outweigh the needs of the few.

01:18:50.000 But they were like, what about our family farm that's been here for generations, for hundreds of years, that would be destroyed by salt water coming in and wiping out our farms?

01:18:57.000 It's tough.

01:18:58.000 One of the solutions for the water problem was desalination.

01:19:02.000 But what that does is it creates brine runoff that goes down to the bottom of the ocean bed, killing off the lowest level of life, causing a dead zone from the ground up when you wipe out the food chain.

01:19:11.000 Yeah, you need to find a way to reuse that salt if you're going to you're gonna do that for sure.

01:19:14.000 Yeah, but they just dump it back into the ocean. 0.84

01:19:16.000 And it's brine, it sinks, and then kills all the flora and fauna on the ocean floor,

01:19:22.000 and then everything above it dies.

01:19:23.000 This is a bit goes back to this guy named William Mulholland.

01:19:26.000 You guys ever hear of this guy?

01:19:27.000 They named the street after him, Mulholland Drive in Los Angeles.

01:19:30.000 He was, it's 1913, the year, obviously the same year they made the Federal Reserve.

01:19:33.000 The basis of Chinatown.

01:19:35.000 Oh, William Mulholland?

01:19:37.000 So what he did was he went up to this place, Owens River, the river valley, and diverted all this.

01:19:42.000 This is before L.A.

01:19:43.000 It was a desert.

01:19:43.000 existed.

01:19:44.000 And he diverted all this farmland water down south to create the city.

01:19:48.000 And that's why they named a street after him in L.A.

01:19:50.000 They're built on a desert.

01:19:52.000 It's not supposed to be there.

01:19:53.000 They're importing the water and stripping it from the rest of the state.

01:19:56.000 So when droughts hit, they hit hard.

01:19:58.000 If Colorado right now was like, hey, California, No.

01:20:02.000 California's gone.

01:20:03.000 SoCal's gone.

01:20:04.000 Their water's gone.

01:20:05.000 It's Colorado River water.

01:20:06.000 Yes, it is.

01:20:07.000 Yeah, Colorado's got like a treaty or something.

01:20:09.000 But they could just be like, nah.

01:20:11.000 Imagine if a drought hit Colorado, though.

01:20:13.000 If Colorado for some reason was facing, you know... Did it happen?

01:20:17.000 Yeah, it happens all the time.

01:20:18.000 It happens really quite regularly.

01:20:19.000 And then Colorado's like, sorry, Colorado first.

01:20:21.000 No water for you, California.

01:20:23.000 They're like blocking river water to other countries, because a lot of rivers run off Chinese mountains, I think.

01:20:23.000 China's doing that.

01:20:29.000 They did it to themselves during the Olympics, you know, several years ago.

01:20:32.000 All the poor farmers were restricted.

01:20:34.000 What's gonna happen in California then?

01:20:35.000 What's gonna happen in, uh... Yeah, what's gonna happen in Southern California?

01:20:39.000 Well, I mean, California as it stands seems to be post-apocalyptic.

01:20:43.000 You know what's funny?

01:20:44.000 I hear from these people, they're like, California is so nice.

01:20:47.000 I'm sick and tired of people having zero perspective.

01:20:50.000 It's like, bro, if you are a frog in a pot, I don't wanna hear your opinion.

01:20:54.000 I'm kidding.

01:20:56.000 We'll have an argument about it, but you need to look at the pots that are boiling, because you're in California, and people are like, it's not so bad here.

01:21:03.000 And I'm like, how many times have you seen a homeless person take a dump in the street?

01:21:07.000 12 in the past month.

01:21:08.000 And I'm like, it should be zero!

01:21:08.000 But what's the big deal?

01:21:10.000 When I lived there, it was like once or twice a month.

01:21:14.000 San Francisco's got a poop patrol now.

01:21:16.000 The last time I went to LA, Parked my car and I was going to a mall and some woman, some old fat woman walked in the middle of the street and just squatted and went at it. 1.00

01:21:25.000 And I'm like, what the is happening to this place?

01:21:29.000 That's burned in my mind.

01:21:30.000 I lived there.

01:21:32.000 I lived there a couple of years and it was kind of bad.

01:21:34.000 Now it's really, really bad.

01:21:36.000 Wait, you lived in San Francisco or you live in L.A.?

01:21:37.000 No, no, no, I live in L.A., in L.A.

01:21:39.000 Yeah, yeah, yeah.

01:21:40.000 I've been to San Francisco several times.

01:21:42.000 It's a shame.

01:21:43.000 It's a shame.

01:21:43.000 It's a great city.

01:21:44.000 Beautiful.

01:21:44.000 These were all great American cities until someone decided they needed to be burned down.

01:21:49.000 Or a whole bunch of people decided they needed to be destroyed.

01:21:51.000 I think it's really simple.

01:21:53.000 It's a very simple mathematic equation.

01:21:55.000 If Republican says, be responsible, and Democrat says, I'll give you free stuff, it's a slope.

01:22:02.000 It is an uphill and a downhill.

01:22:04.000 And like Homer Simpson, Springfield has a westward slope, so they knew which direction he was going to walk.

01:22:10.000 It's so sad.

01:22:11.000 It's a it's a great they're great cities in a great state in a great country that is drastically behind schedule on developing desalination tactics.

01:22:19.000 We have so much freshwater.

01:22:21.000 We have so much saltwater access to so much saltwater being on basically an island, you know, North America, United States.

01:22:27.000 It's not a long term solution.

01:22:29.000 Desalination?

01:22:30.000 Oh, that makes sense.

01:22:31.000 It subsides, yeah.

01:22:34.000 That's gotta be the word.

01:22:35.000 Subsidization, I think the word is, I could be wrong.

01:22:37.000 Could you look that up?

01:22:39.000 When you pull the groundwater out, that water actually provides some kind of

01:22:43.000 structural support pressure at a lower level.

01:22:45.000 It subsides.

01:22:46.000 Yeah, right.

01:22:47.000 It's got to be the word.

01:22:47.000 Subsidization.

01:22:48.000 Oh, no, that's not it.

01:22:49.000 That's it.

01:22:49.000 No, that's subsidies.

01:22:51.000 Subsidization.

01:22:52.000 I could be wrong.

01:22:53.000 But what happens is when you pull the water out, the ground starts sinking.

01:22:56.000 And that is really bad.

01:22:59.000 So I think that's the future for California.

01:23:03.000 Oh, yeah.

01:23:05.000 I think I think California is going to get really bad.

01:23:07.000 Maybe what they're trying to do with this great reset stuff with like New York is get rid of as many people as possible so the cities can survive.

01:23:13.000 I hear people also saying that they want to build these again, speculation from interested friends.

01:23:19.000 They say, yeah, they want to build these kind of fancy, big Asian style cities, these kind of showcase cities where you don't really have many people living in them.

01:23:29.000 Yeah, I couldn't find subsidence, but maybe it's called subsidence.

01:23:34.000 Yeah, cool.

01:23:35.000 So what the groundwater is like, is a buffer for other to keep other things from well, when you will land up and keep up saltwater out when they pull the water out of the ground doesn't matter where you are, like the ground like the ground goes down.

01:23:35.000 There you go.

01:23:48.000 You know, with fracking, a lot of the fracking stuff is causing earthquakes across the country.

01:23:53.000 And I think it's because they're removing liquid from, similar to this maybe, and it's causing the ground to like fall and shake.

01:23:59.000 So I was thinking we could pump water back into the earth to like make up for the oil that we take out and to re-subsidize or whatever you would call.

01:24:08.000 Subsidize.

01:24:09.000 People need to drink water, man.

01:24:11.000 Resign.

01:24:12.000 Look, this is all the great Reset people.

01:24:14.000 They're like, we're drinking too much water.

01:24:16.000 We're pulling too much groundwater.

01:24:17.000 They're saying that too?

01:24:18.000 Are you kidding me?

01:24:19.000 They're saying we're drinking too much water?

01:24:21.000 Oh yeah!

01:24:22.000 The reason they want to ban beef is because of how much water we have to use for the cows to drink.

01:24:26.000 That's insane.

01:24:29.000 I thought it was just their whole thing about bovine flatulence. 0.98

01:24:35.000 I didn't know it had anything to do with water as well.

01:24:38.000 It's like thousands of gallons, they say, of water per cow for like a meat product. 0.80

01:24:43.000 And it's wasteful.

01:24:44.000 Almonds.

01:24:45.000 Almonds take a lot of water to produce.

01:24:47.000 So it's very, it's like, we're gonna see almond prices start skyrocketing because of the drought in California.

01:24:52.000 It's gonna be bad.

01:24:53.000 Avocados as well.

01:24:54.000 California produces what, like a, how much of the food of the world?

01:24:58.000 Like a massive portion?

01:24:59.000 I wanna say like one fish?

01:25:00.000 Yeah, something like that.

01:25:00.000 Yes.

01:25:02.000 Yeah, and California is being propped up by farmers who are producing for their GDP, and if they leave, then the state is... they're in trouble.

01:25:10.000 Right.

01:25:10.000 If they turn it into wind farms, then I guess we will be eating bugs pretty soon.

01:25:15.000 That's why I, as well as many other people, like Jack Posobiec, have been saying, get out of cities.

01:25:19.000 You don't want to be in a city.

01:25:21.000 I mean, it's almost like they fired a shot across the bow last year with the lockdowns and the riots.

01:25:27.000 Get out of the cities.

01:25:28.000 They were basically forcing you to do it.

01:25:30.000 Oh, absolutely.

01:25:31.000 Right.

01:25:33.000 I mean, if you have the ability to not leave these places that are increasingly dangerous and increasingly spiritually bleak, yeah, you have to go.

01:25:45.000 There's no choice.

01:25:46.000 We were in the Philadelphia suburbs and we decided to leave almost immediately when the pandemic happened.

01:25:51.000 So we actually had a conversation about there was there was talks about quarantining states.

01:25:56.000 No joke.

01:25:57.000 They were like shutting down bridges right away, too.

01:25:59.000 Yeah.

01:25:59.000 So we were like, why almost immediately?

01:26:01.000 What did you guys see right away that made you?

01:26:05.000 I mean, no, no, no, it was the state came out and said we will lock down the bridges and quarantine the state

01:26:05.000 Oh, okay.

01:26:10.000 Okay, it coincided with expanding the business too. So I've been thinking about just getting a larger

01:26:15.000 we were gonna buy Tim was gonna buy like a big office in Jersey, but

01:26:19.000 Obviously kovat struck and that was kind of off the table It was already, you were fighting challenges with that. 0.90

01:26:25.000 Yeah.

01:26:25.000 Everything, everything shut down.

01:26:26.000 It just made it possible to do anything.

01:26:28.000 And so we ended up just sitting inside and doing this show and one iteration of it for months because you couldn't do anything.

01:26:36.000 And so I was just like, one of the, one of the problems we had was you go to, you go to Walmart, nothing there.

01:26:41.000 It was like, we go to the store and there's like a, there's like a photo on my Instagram of my friend Adam.

01:26:44.000 And it's just like, there's no toilet paper anywhere.

01:26:46.000 Just all gone.

01:26:48.000 I'm not.

01:26:49.000 I mean, weirdly, I'm not.

01:26:51.000 It's an old it's an old thing in American history, right?

01:26:54.000 I mean, kind of our resources are our myths about Cincinnati's the citizen farmer who comes and fights.

01:27:01.000 Yeah, he was great, wasn't he?

01:27:02.000 Yeah, I mean, but it is also it is also about that's our origins.

01:27:07.000 These are the stories that we tell about America.

01:27:09.000 You know what?

01:27:10.000 the city from the Bible on from the Bible of the Bible to the present it's

01:27:15.000 always been a place of crime and corruption and pestilence and that's

01:27:20.000 what it is again I think that Americans need to reconnect to our roots and to

01:27:27.000 reconnect to things that aren't about politics whether it's family and

01:27:30.000 community you know what that sounds like an argument for the great reset but I

01:27:35.000 but I would reset it entirely differently.

01:27:39.000 Do you know what I'm saying?

01:27:40.000 I'm not talking about resetting, I'm talking about Americans having individual choice and making a decision.

01:27:46.000 I think people need to get out of cities.

01:27:48.000 They should roll up their sleeves, learn how to chop some wood, learn how to grow their own food, take care of some chickens, get some fresh eggs.

01:27:55.000 Nothing beats.

01:27:56.000 You walk out in the yard in the morning, you eat a couple fresh eggs, you make them, you're right there on the spot, and it's like, thank you chickens, it's delicious.

01:28:02.000 Not these garbage store-bought trash.

01:28:04.000 But people are so reliant. 0.95

01:28:06.000 I mean, the people in the cities, I think, are the biggest problem.

01:28:09.000 The rural conservatives aren't the ones destroying the planet.

01:28:12.000 It's these urban liberals are the ones who complain about everything they vote for.

01:28:16.000 They vote for these governors.

01:28:17.000 They vote for these mayors who create the police brutality.

01:28:20.000 They vote for these conditions.

01:28:21.000 They live in these hyper-concentrated, break Particle dust in the air with gas and all the exhaust.

01:28:28.000 They're breathing in trash They're living in cities that smell like sour milks sour milk and cubicles crown on top of each other They're the ones consuming the most energy for this this gluttonous lifestyle on average and then the people in the countryside who are voting Republican live, you know Sparsely populated areas where they're on like natural, you know, like they have their own oil tank to manage their own heat They have you know satellite internet Much more lower cost.

01:28:52.000 They're doing solar panels.

01:28:54.000 Much more self-reliant.

01:28:56.000 I always imagine that they knew this, though, that it's not... A lot of the times we think about it in terms of hypocrisy.

01:29:02.000 I think that actually that's part of how they're establishing their elite status, right?

01:29:08.000 When we saw Gavin Newsom walking around all the time without his mask, Pelosi.

01:29:12.000 And there were a whole bunch of them, right?

01:29:14.000 Whitmer as well.

01:29:15.000 Pelosi.

01:29:16.000 Pelosi, who was the mayor of Philadelphia, right?

01:29:20.000 He was also caught, I think, in New Jersey or somewhere without his mask.

01:29:24.000 Fauci was caught with his mask down.

01:29:26.000 Exactly.

01:29:27.000 Fauci.

01:29:28.000 So at a certain point, it's like they're not all making a blunder.

01:29:30.000 They know they're political figures.

01:29:31.000 They're being looked at.

01:29:33.000 It was part of to establish that they are part of a higher class, right?

01:29:37.000 It's a hierarchy.

01:29:38.000 They're at the top.

01:29:39.000 You are on the bottom.

01:29:40.000 So when you talk about the difference between the people who are the elites who are in cities and the people who are on farms, that's the point to say we're better than you.

01:29:49.000 We can we can spend this.

01:29:51.000 It's like the celebrities who fly on private jets to go pick up their awards for environmentalism.

01:29:56.000 They want you to suffer so they can keep living in luxury. 0.97

01:30:00.000 They mean to show you they want to rub it in your face It's not like what hypocrites Leonardo DiCaprio. 0.96

01:30:06.000 It's like I know what I'm doing. 0.96

01:30:08.000 So what you're saying is eat the rich?

01:30:09.000 Yeah No, no, Solon would tell us otherwise.

01:30:14.000 That's called the Kathy Newman username, right?

01:30:17.000 Yeah.

01:30:19.000 Apparently it's good.

01:30:22.000 We're going to come to a head where people are going to want, you look at the French revolution, people are going to want to hurt other people because of greed or because of jealousy, but we don't, you know, we stay peaceful.

01:30:30.000 We work together as a team.

01:30:31.000 We all want to come out of this better and benefit together.

01:30:34.000 We can.

01:30:35.000 I got, I got my issues with Elon Musk. 0.97

01:30:37.000 You know, the Bitcoin, Dogecoin, the pumping and dumping, all that silly, silly nonsense. 0.80

01:30:41.000 I can respect him for SpaceX and Starlink.

01:30:43.000 We're, like, trying to get Starlink.

01:30:45.000 We actually got someone brought out a Starlink for us, but their cell locked, so it didn't work.

01:30:49.000 We need an actual regional unit, so we weren't able to do it, but it would be really awesome to have.

01:30:53.000 I guess we'll just have to wait until we get it.

01:30:55.000 Uh, so, so, that's cool, like, work on cool stuff.

01:30:58.000 I'll tell you who, you know, when I think about the phrase, eat the rich, I don't really know what they mean by that, like, consume the resources from them.

01:31:05.000 You want to throw in Hollywood?

01:31:07.000 I'll tell you this, leftists, hear me out.

01:31:09.000 Let's start by eating the rich in Hollywood.

01:31:12.000 Yes.

01:31:13.000 And we all agree.

01:31:15.000 And we will start there.

01:31:16.000 We'll start there.

01:31:17.000 We'll probably have to compromise after that.

01:31:18.000 But I think it's a good place to go because, you know, you know, like the rich chocolate cake.

01:31:22.000 Yeah.

01:31:24.000 I'm saying like if if if if, you know, I look at Wall Street and I look at Hollywood and those are two things where I'm like, for the most part, I'm on it.

01:31:32.000 The hedge funds that are shorting companies into oblivion?

01:31:32.000 You can go.

01:31:35.000 These apes in the meme stocks?

01:31:37.000 It's a revolution.

01:31:38.000 It's fantastic.

01:31:39.000 They found the weakness, these shorts, and they found a way to stick it to the hedge funds.

01:31:44.000 Hopefully it works out.

01:31:44.000 We'll see what's happening.

01:31:45.000 A lot of people have been covering this, and I'm excited to see it work out.

01:31:48.000 Hollywood? 0.98

01:31:49.000 These are the hypocrites who say, we're going to save the planet! 1.00

01:31:53.000 Stop flying in planes! 0.99

01:31:55.000 Oh, my private jet's here, I gotta go, and they go live in their 50-bedroom mansion.

01:31:59.000 Those are two sectors of the economy I got no problem with regulating out of existence, or just, you know, figuratively eating the rich.

01:32:08.000 I find it heartbreaking, I mean- Wait, the tech sector too, sorry.

01:32:11.000 Mark Zuckerberg, bye!

01:32:14.000 I find the Hollywood stuff heartbreaking, though.

01:32:16.000 I mean, because right before COVID-19, we used to go to movie theaters.

01:32:21.000 Yeah, I know.

01:32:21.000 Remember that?

01:32:22.000 That's why I like AMC stock.

01:32:23.000 Yeah, okay.

01:32:24.000 I can't wait.

01:32:24.000 That's great.

01:32:25.000 We used to go to movie theaters, go to dinner beforehand, get a drink after, sit with your beloved, go with a group of friends, children's birthday party, and now it's heartbreaking. 0.95

01:32:37.000 Now when they turn the lights back on in Hollywood, you've got one of these, you've got some lunatic screaming at you for being, uh, for being... White.

01:32:46.000 Right, exactly. 1.00

01:32:47.000 It's ridiculous. 0.99

01:32:47.000 White male. 0.99

01:32:48.000 And look, there's still a lot of terrific stuff they're doing, but there's a lot of garbage they're doing as well. 0.98

01:32:54.000 But do you notice the people that don't say anything?

01:32:56.000 The people who are never out front on the political stuff?

01:33:00.000 How they come across, no one ever knows, no one knows what Al Pacino thinks about politics.

01:33:04.000 Right.

01:33:05.000 Right?

01:33:06.000 You know, now that I think about it, I'm like, is there a certain sector of ultra-wealthy individuals that we're actually eager to defend anyway?

01:33:13.000 Like, I can defend Elon on some things.

01:33:17.000 Is there a sector?

01:33:18.000 I got no respect for Bezos.

01:33:19.000 That dude is nuking everything.

01:33:22.000 He's burning it to the ground. 1.00

01:33:23.000 He's a lunatic. 0.99

01:33:25.000 And I'm talking about Amazon's book burning. 1.00

01:33:28.000 I'm like, these people got too much power.

01:33:29.000 Zuckerberg's awful.

01:33:31.000 Jack Dorsey's awful. 0.99

01:33:32.000 They're all just so awful. 0.96

01:33:34.000 I'm over it.

01:33:34.000 You know what?

01:33:35.000 Let's set a threshold and get rid of, you know, we'll eat the rich. 1.00

01:33:38.000 I'm there.

01:33:38.000 Leftist, you got me.

01:33:39.000 I'm tired of these people. 0.99

01:33:40.000 They're just awful. 0.98

01:33:40.000 They're destroying everything. 0.98

01:33:41.000 It would be nice to be able to find one sector.

01:33:44.000 I mean, entertainment?

01:33:47.000 I got nothing?

01:33:48.000 But look, look, at like a lower level, you've got media where they're not the multi-billion dollar media.

01:33:48.000 Where?

01:33:53.000 You've got like, you've got wealthy conservatives who do media and it's alright.

01:33:55.000 You've got wealthy liberals who do media and it's alright.

01:33:57.000 But then you look at the big corporate machines.

01:33:59.000 Baker, you bet.

01:34:00.000 Get out of here.

01:34:00.000 All of you are gone.

01:34:00.000 Awful.

01:34:01.000 Yeah.

01:34:01.000 You look at technology.

01:34:03.000 We got Minds.com.

01:34:04.000 He's alright.

01:34:04.000 Hey, bill out me.

01:34:05.000 He's a cool dude.

01:34:06.000 You got BitChute. 1.00

01:34:06.000 You got Gab. 1.00

01:34:07.000 I'm okay with those things.

01:34:08.000 And you got Facebook.

01:34:09.000 Nah, get Facebook out of there.

01:34:11.000 Too big.

01:34:12.000 Too bad.

01:34:13.000 It should be a bad awful.

01:34:14.000 I think the tech should speak for itself.

01:34:15.000 Mines is cool because it's open source, free software.

01:34:17.000 So like, we spent all this time building it and now you can have it for free and use it.

01:34:23.000 Now you can have your own copy of it and spin up your own social network for free.

01:34:27.000 It's all available.

01:34:28.000 That kind of thing, yeah.

01:34:29.000 If the CEO turns out to be a multi-trillionaire, whatever.

01:34:32.000 The technology's amazing.

01:34:33.000 So here's the other problem.

01:34:35.000 All right, if we agree that there are a lot of really awful, really wealthy people that are screwing everything up, Zuckerberg dumping money in these elections, Bezos, you know, he's doing the same thing with Amazon, wokeness, you know, pushing these ideologies, then you've got, you know, big tech.

01:34:51.000 The problem is what?

01:34:52.000 You give their money to the government, now the government's the same thing.

01:34:55.000 So do we eat the government? 0.91

01:34:58.000 Figuratively?

01:34:59.000 What does that mean?

01:35:01.000 Maybe, maybe, hold on.

01:35:03.000 Maybe there's like a little portion on the left when they say eat the rich, and then the right when they say small government, and that's what you gotta combine.

01:35:09.000 I don't know how you do that though.

01:35:11.000 Decentralize.

01:35:11.000 How?

01:35:12.000 I don't know if you can.

01:35:13.000 What does that look like?

01:35:14.000 Bitcoin maybe, decentralization.

01:35:15.000 Decentralizing, yeah.

01:35:16.000 The tech sector's decentralizing, like I was working with the Fediverse team, we're building out the Fediverse, which is this like federated system of free software technology where like all these different websites can intercommunicate and It's a it's a big deal.

01:35:31.000 I go more into it in a little while.

01:35:33.000 We're decentralizing the entertainment industry.

01:35:35.000 Hollywood is gone.

01:35:36.000 The giant.

01:35:36.000 Now you can.

01:35:37.000 We're doing this from here in the middle of, you know, the mountains of West Virginia.

01:35:41.000 So that's exciting.

01:35:42.000 The tech sector.

01:35:42.000 Yeah.

01:35:44.000 Now with Bitcoin, the tech sector is decentralizing with cryptocurrency finance.

01:35:49.000 Politics is next.

01:35:50.000 I'm a big into like apps that where we can vote locally with app technology and kind of control our own destiny from local.

01:35:57.000 Service guarantees citizenship.

01:35:58.000 Yes.

01:35:59.000 I don't know what service means, but I'm into it.

01:36:01.000 Any kind of service for the community.

01:36:02.000 Let's develop that.

01:36:03.000 Anything.

01:36:04.000 I'm committed to the idea that we move Not move away from politics, but that we expand.

01:36:11.000 And I'm including, I'm not just saying people on the right, I'm just saying as Americans, we expand past politics.

01:36:18.000 There's no redemption in politics.

01:36:19.000 I guess, you know, one of the big problems, there's just these stubborn people that stand in the way of solving these problems.

01:36:25.000 Maybe what we need is for like an entity of the people to rise up and seize power, maybe with weapons, and then instill their political ideology by force.

01:36:34.000 Go on.

01:36:34.000 I'm kidding.

01:36:35.000 I see you've studied history.

01:36:35.000 Yeah, yeah.

01:36:37.000 That always works out!

01:36:37.000 Yeah, right, right.

01:36:39.000 All right.

01:36:40.000 Let's go to Super Chats.

01:36:42.000 If you haven't already, smash that like button.

01:36:45.000 It really helps out.

01:36:46.000 Go to TimCast.com, become a member.

01:36:48.000 I can't tell you how excited I am for this website and this newsroom just because there's so much more that has to be done off of YouTube, right?

01:36:55.000 I've been working over the past probably seven or eight months to probably longer than this, but with a heavier focus in the past, you know, year.

01:37:03.000 To focus away from YouTube as the sole place for a business because you don't want to put all your eggs in one basket.

01:37:09.000 And so that means we've been pushing the website.

01:37:11.000 We're going to be doing amazing things with it and we're going to have a bunch of different verticals.

01:37:15.000 We're going to have field reporters.

01:37:17.000 I'm so excited because it also means that I get to...

01:37:21.000 It'll probably mean, eventually, less content from me in terms of my other two channels as I start focusing on the administrative of the core business, hiring more people to do the work that I do, but probably this show will always remain Tim Guest IRL.

01:37:32.000 But I'm just, I'm really excited to expand.

01:37:35.000 I can't wait till we have, you know, ten reporters, you know, ten different video producers, we're doing skits, we're doing comedy, we got sitcoms, we got movies, and we're heading in that direction, and it's thanks to you guys who are becoming members at TimGuest.com.

01:37:45.000 So it'll come soon.

01:37:49.000 I think in the next week or so is our timeline for the newsrooms.

01:37:51.000 It's coming very soon.

01:37:53.000 Let's read these Super Chats. 0.92

01:37:54.000 And again, thanks so much for smashing the like button and subscribing and sharing the show.

01:38:00.000 All right, let's see.

01:38:02.000 Brian Davis says, first Super Chat ever.

01:38:04.000 Been listening to you for about three years now and I can't say I regret it.

01:38:07.000 Ian and Lydia, keep him in line.

01:38:09.000 Okay, there you go.

01:38:11.000 All right, Angela Lucarelli says, 55 years old, bought more than one of the BioTrust's products.

01:38:16.000 They are great, love them.

01:38:17.000 I love them.

01:38:17.000 They really are good.

01:38:18.000 Yeah.

01:38:19.000 I'm fairly picky on a lot of the sponsors.

01:38:21.000 We do, so like, I'm actually one of the worst people to work with because, I kid you not, I get a bunch, I don't want to, I'm not going to name any companies because I don't want to disrespect them, but I get like, you know, three or four emails and they're like, how about this?

01:38:33.000 And I'm like, I have a bunch of restrictions on what I'm willing to say.

01:38:36.000 It has to be like totally honest and legit.

01:38:36.000 Yeah.

01:38:38.000 I won't endorse anything I've never used.

01:38:41.000 And I got asked to do a sponsor, I was like, nah, I'm not doing it.

01:38:44.000 Never gonna happen.

01:38:46.000 But I legit, like the Biotrust stuff, I wanna give a shout out to Biotrust.

01:38:50.000 That product's really good.

01:38:51.000 I love that they have no color in their stuff.

01:38:53.000 It's like smooth and silky like sand.

01:38:55.000 It's even finer than sand, you know, it's just like pure collagen crystals.

01:38:58.000 It's like powdered sugar almost.

01:38:59.000 If my wife is watching, she's gonna make sure that I get some. 1.00

01:39:02.000 She's always trying to say like, you need this, you're aching here, you're aching there, you need this, it'll be better for you.

01:39:08.000 My left side.

01:39:09.000 I'll check it out.

01:39:11.000 I ate it.

01:39:13.000 We have a phrase, but I can't say it.

01:39:14.000 Skating the other day.

01:39:14.000 I ate ish.

01:39:16.000 Oh.

01:39:16.000 Skating?

01:39:17.000 Brutal.

01:39:18.000 It wasn't even, it was like, I twisted.

01:39:20.000 And so now I've got some muscle strains.

01:39:22.000 Oh no.

01:39:23.000 And it's brutal.

01:39:24.000 We gotta get that inversion table.

01:39:25.000 Yes.

01:39:26.000 Hanging upside down, brah.

01:39:27.000 Gonna be good.

01:39:28.000 But yeah, man.

01:39:29.000 So, inadvertent shout out.

01:39:31.000 Thanks for the super chat, Angela.

01:39:33.000 Alfie says, if you're talking about inflation, please bring on Peter Schiff.

01:39:36.000 Here's what I would love to do.

01:39:37.000 Max Keiser and Peter Schiff.

01:39:38.000 Can we make that happen?

01:39:39.000 That'd be the debate or the conversation of the decade.

01:39:39.000 Yeah!

01:39:42.000 How do we make that happen?

01:39:42.000 Can we do that?

01:39:43.000 So, what I found with Peter Schiff is that he's incredibly hard to get a hold of.

01:39:47.000 Trust me, I've tried.

01:39:48.000 But if you can find a way to make it happen, I'd love to do that.

01:39:50.000 It would be so amazing to have him and Max Keiser.

01:39:52.000 Because Max is such a character. 0.56

01:39:53.000 He'd be like, Peter, shut up! 0.96

01:39:56.000 And then he fires the money gun at him. 0.99

01:39:56.000 No, you're wrong! 0.99

01:39:58.000 Oh gosh.

01:39:59.000 When Max came on, he had the money guns and he was spraying money.

01:40:02.000 He was like, it's fiat, it's worthless!

01:40:05.000 Max was hilarious.

01:40:06.000 Interesting person.

01:40:07.000 I'll fight you naked says a letter to a woke heart on medium by Alexander.

01:40:11.000 I'll just keep paying until someone reads it.

01:40:13.000 I did read it.

01:40:14.000 I read it.

01:40:15.000 I read part of it yesterday.

01:40:16.000 What is it?

01:40:17.000 It's just a note and it's trying to figure out what's going on, why people are woke.

01:40:21.000 I haven't gotten through the whole thing, but I will, I promise.

01:40:24.000 Payne Martinson says, Tim must love El Salvador right now.

01:40:27.000 Oh, you know it.

01:40:28.000 Luke posted he's going to El Salvador.

01:40:30.000 He's like, who's coming with me?

01:40:30.000 Really?

01:40:31.000 Yeah, El Salvador just made Bitcoin legal tender.

01:40:33.000 Yeah.

01:40:34.000 So now people are saying Tesla's forced to accept it in El Salvador if they want to sell Teslas.

01:40:34.000 Wow.

01:40:38.000 That's funny.

01:40:39.000 Yeah, that's crazy.

01:40:41.000 That's what I'm talking about.

01:40:42.000 You know, it's funny when people say, oh, Bitcoin, I don't understand it.

01:40:47.000 It makes no sense.

01:40:48.000 And I'm just like, here's the only thing you need to understand.

01:40:51.000 Goldman Sachs said it was a new asset class.

01:40:53.000 JPMorgan, Wells Fargo, whatever, a bunch of these firms, I think those are the correct ones, I could be wrong, have been now advising their clients to purchase this for investment.

01:41:02.000 I'm pretty sure the ultra-wealthy elites aren't planning on losing money on this one.

01:41:06.000 And China put a bunch of money in it too.

01:41:08.000 And they keep manipulating the market, probably to buy more.

01:41:11.000 Dan N says, gold and silver is the only way to get through this simple as that.

01:41:15.000 Now, that's mostly true.

01:41:17.000 It's not the only way, okay, so it's not true, but it is.

01:41:20.000 Gold and silver are excellent.

01:41:21.000 They absolutely are excellent, and I won't advise anybody on what to do, but I personally won't just buy crypto.

01:41:28.000 I've got silver and gold as well, and copper.

01:41:31.000 I think platinum and palladium are also fascinatingly awesome.

01:41:35.000 Things you can do stuff with.

01:41:36.000 Yeah.

01:41:38.000 Alright, let's see what we got here.

01:41:41.000 Tom Wark says, Your POTUS came to Great Britain, tried to bully our GOV about the Northern Irish Protocol.

01:41:48.000 Our elected Democratic MPs went bananas.

01:41:51.000 The US staff had to walk it back very quickly.

01:41:53.000 Your thoughts?

01:41:54.000 God help us.

01:41:54.000 Mine?

01:41:56.000 When he does Putin.

01:41:58.000 Oh, Biden's a mess!

01:42:00.000 You know, at a certain point, have you guys ever seen Galaxy Quest?

01:42:03.000 Yes.

01:42:03.000 Part of it.

01:42:04.000 So, you know Tony Shalhoub's character?

01:42:06.000 For those that aren't familiar, they go on this actual... They're basically a parody of Star Trek, and they're actors, has-beens, and then real aliens come, and they get to go on the actual spaceship, and everyone's kind of like freaked out and stressed.

01:42:20.000 Sigourney Weaver.

01:42:20.000 Yeah, Tim Allen.

01:42:22.000 But Tony Shalhoub is just like, uh...

01:42:24.000 I guess they're saying we're going to blow up, but we don't get it. 0.96

01:42:27.000 And he's just like laughing and like, this is ridiculous. 0.97

01:42:27.000 Whatever. 0.97

01:42:30.000 That's how I feel.

01:42:31.000 It's like we're, it's like, it's, it's just like watching, you know, ships are exploding in the sky.

01:42:36.000 Buildings are falling over and I'm just laughing like, what am I going to do?

01:42:38.000 There's a disembodied feel to it.

01:42:41.000 It's like, he's going to, what?

01:42:42.000 He's going to talk to Putin.

01:42:43.000 I'm just laughing.

01:42:43.000 All right.

01:42:44.000 We'll see what happens.

01:42:45.000 It's going to be hilarious.

01:42:46.000 And then it's like I imagine the way I imagine it's like the first time you watch Biden go on an international trip

01:42:53.000 It's just like you're sitting there and your pajamas you're watching TV and you're just like, oh geez Biden

01:42:57.000 What are you doing?

01:42:58.000 The second time he does it you're sitting there and you're wearing like, you know

01:43:01.000 You got your armor about you got your armor on your level three or whatever and you're like, it's getting crazy out

01:43:06.000 there Then you hear it you hear a noise and you like, you know

01:43:08.000 chamber around you like what was that?

01:43:09.000 And then he goes and meets Putin and it's like your house is half destroyed your TV's there and it's flickering with

01:43:15.000 the image of Biden And you're standing there with pan under your eyes and your

01:43:18.000 AR and you're like those were the days This is all you know, it's just it's just a downward spiral 0.99

01:43:22.000 of Biden saying stupid things at least Trump scared people You know, they were scared when Trump came in. 0.98

01:43:29.000 And the situation was different when Trump came in. 1.00

01:43:31.000 We weren't in a hyper or heading towards hyperinflation.

01:43:34.000 There was no pandemic.

01:43:35.000 So Biden's got all that kind of clouding is.

01:43:38.000 The other thing is Biden's going in now and Putin and every other world leader.

01:43:44.000 Allies and adversaries know the role that Joe Biden played in this Russiagate nonsense, trying to frame Donald Trump as a Russian spy.

01:43:54.000 I find it nuts and very dangerous.

01:43:56.000 The idea that these guys were behind it and now they're going to go and they're going to challenge and threaten Putin after what these guys did.

01:44:03.000 This is bad.

01:44:04.000 Yep, yep.

01:44:05.000 All right.

01:44:06.000 Hostile Bogey Inbound says, I put all my money in Moonshine.

01:44:09.000 So many practical uses.

01:44:10.000 When it hits the fan, I'm ready.

01:44:12.000 Yeah, actually, we talked about this.

01:44:15.000 Let me ask you, what do you think is the most commonly used household item that is also the hardest to produce?

01:44:24.000 I mean, moonshine?

01:44:25.000 I'm gonna say bourbon.

01:44:26.000 I don't know.

01:44:26.000 What?

01:44:27.000 What do you got?

01:44:27.000 I mean, alcohol.

01:44:28.000 I don't know.

01:44:29.000 I think actually alcohol might not be that difficult to produce.

01:44:31.000 So, maybe like antiseptics.

01:44:34.000 Bleach.

01:44:35.000 I think, you know, Ian mentioned bleach the other day.

01:44:37.000 Bleach was running out.

01:44:38.000 There was like a bleach shortage.

01:44:40.000 There's a chlorine shortage right now.

01:44:41.000 So I think, I don't have a ton of uses for bleach, personally.

01:44:44.000 I'm not gonna put bleach in my wounds.

01:44:45.000 It's an amazing cleaning substance.

01:44:46.000 But mouthwash.

01:44:48.000 You can clean a wound with it.

01:44:49.000 You can salt with it.

01:44:51.000 Salt's another good one.

01:44:52.000 Yeah, it's it's antiseptic.

01:44:54.000 Isopropyl alcohol is limited.

01:44:55.000 Honey.

01:44:55.000 The honey that we use most.

01:44:57.000 That's most difficult to produce.

01:44:59.000 Yeah, I think it might be antiseptic.

01:45:00.000 How would you even make, you know, ethyl alcohol and.

01:45:03.000 I don't know.

01:45:06.000 I suppose it's not that difficult to make.

01:45:09.000 I don't know.

01:45:09.000 But it's not easy, but it's very common.

01:45:12.000 That's a very good question.

01:45:13.000 I think about this.

01:45:14.000 If, you know, one of the biggest problems with infections before we had antiseptics was, like, you'd lose an arm, you'd die, you'd get sepsis.

01:45:23.000 Now you get a cut, you walk through the woods, you splash some, you know, rinse it off, you put some antiseptic on it, and then you're good.

01:45:29.000 So it's a really important thing to have.

01:45:31.000 I bought a bunch of Manuka honey, which is apparently the most medicinal honey on the planet.

01:45:36.000 It's a specific type of honey.

01:45:37.000 It has this stuff, MGO, I don't know what it stands for off the top of my head, but I got like the highest rated, most medicinal Manuka in the world you can order.

01:45:44.000 And it was like hundreds of dollars to buy.

01:45:47.000 Wait, can you eat this?

01:45:48.000 You can eat it and it's delicious!

01:45:49.000 Delicious!

01:45:49.000 It is so sweet and pure.

01:45:51.000 So it's medicinal.

01:45:52.000 Do you put it on?

01:45:53.000 If someone gets a horrible, you know, if someone gets a wound, you can pack it in and it'll act as a disinfectant.

01:45:53.000 You put it in a wound.

01:45:59.000 I used to work with a wound nurse and we would pack people's wounds.

01:45:59.000 Fascinating.

01:46:02.000 We would use silver and we used honey and we used these really thin strips of like this silvery fabric.

01:46:08.000 It was super interesting.

01:46:09.000 I love that job.

01:46:11.000 Patrick Giles says, Tim, can you get Brett Weinstein on a talk about Ivermectin and the crime of the century?

01:46:16.000 I would love to.

01:46:18.000 Definitely, we've invited them before, but you know, when people are running their own shows, it's really hard.

01:46:23.000 But absolutely, I'd love to reach out to Brett and Heather and have them come out when they're available.

01:46:27.000 So we'll look into that.

01:46:28.000 We are going to talk about Ivermectin soon.

01:46:30.000 Well, if we can, YouTube bans people when they do.

01:46:32.000 No joke.

01:46:33.000 We'll see.

01:46:34.000 Yep.

01:46:35.000 All right.

01:46:35.000 ZeroRedFox says, Brett Weinstein just posted a discussion with a top virologist and engineer called How to Save the World in Three Easy Steps.

01:46:41.000 I love that guy.

01:46:41.000 It's mind-blowing what the data reveals, and I urge everyone to watch it.

01:46:45.000 Dude, Brett is a power.

01:46:45.000 Wow.

01:46:45.000 Definitely.

01:46:47.000 He's a cool dude.

01:46:47.000 Yeah, big fan.

01:46:53.000 Rampton6600 says, Tim, the Karen thing is super racist. 0.94

01:46:56.000 What if we were talking about the Pablos and the Laquishas?

01:46:59.000 Or how about those Chans, Mohammeds, and Sanjayas? 1.00

01:47:01.000 That's a good point.

01:47:03.000 All right, fair enough.

01:47:05.000 Wait, but what do those names mean?

01:47:07.000 All white people? 0.81

01:47:08.000 It's just different ethnic names.

01:47:13.000 I got a kick out of that comment.

01:47:15.000 Jason Moon says, don't forget, most truck drivers are conservative and probably won't be let into New York.

01:47:20.000 I'm okay with that.

01:47:22.000 If you want to stay in New York, there you go.

01:47:25.000 B. Anderson says, possible drought solution.

01:47:27.000 It's going to be a big project, but if we can dig a huge canal through the desert areas of southwest United States, natural salt filtration, saltwater brackish fresh.

01:47:36.000 I mean, yeah.

01:47:36.000 Why don't we? You know what? I just want, I think I'm interpreting that thing about the truck drivers

01:47:42.000 driving into New York a little differently. What if the person is saying, and maybe this is what

01:47:47.000 they're saying, that when we're talking about how New York can hurt Texas or Texas business,

01:47:53.000 maybe the point is like, well, which I've heard other people speak about it different times, like

01:47:57.000 why don't conservatives just say we're going to put an embargo on New York?

01:48:03.000 You want shipments?

01:48:05.000 You're not getting shipments.

01:48:06.000 You need this kind of work.

01:48:08.000 You need that kind of work.

01:48:09.000 Because remember, New York is not... New York, it's partly a blue city.

01:48:14.000 There are other parts that are not, right?

01:48:17.000 Staten Island, a lot of Queens still, parts of Brooklyn still.

01:48:20.000 That's exactly what I'm talking about.

01:48:22.000 That leads to the physical separation and divide, which ultimately leads to war.

01:48:27.000 I'd rather have compacts, as you were speaking about before, business compacts.

01:48:33.000 I think that the hyperpolarization, the fact that it's the matrix.

01:48:40.000 The leftists, the Democrats, they live in a paranoid, psychotic, delusional reality.

01:48:46.000 They think that the conservatives, they think shows like this are all QAnon. 0.95

01:48:51.000 Because they live in a paranoid, delusional state.

01:48:54.000 Now, a lot of the Q people believe absolutely insane things for insane reasons, but most non-woke, anti-woke, anti-establishment, disaffected liberals, moderates, intellectual dark web, conservative, etc. 1.00

01:49:04.000 Regular people with difference of opinions that are paying attention to the news and actually watch the videos.

01:49:09.000 But you have this very dominant establishment faction that literally believes Trump's a Russian spy.

01:49:14.000 My favorite was when Chris Hayes had that guy on who said that Trump may have been a Soviet spy since the 80s.

01:49:21.000 Like, the Soviet Union's gone, dude!

01:49:24.000 There were a number of them who said that, yeah. 0.99

01:49:27.000 Serious psychopaths. 0.99

01:49:28.000 And that is the establishment. 0.99

01:49:30.000 That is the mainstream line.

01:49:31.000 You go to a regular Democrat and they'll say, I don't know.

01:49:33.000 I think it's true.

01:49:34.000 Right.

01:49:34.000 No, I know.

01:49:35.000 That's what's scary.

01:49:36.000 You look at what they've been covering for at least the last five years, and now we're all going to have to go back and go back before it.

01:49:42.000 What else have we totally been misled about?

01:49:45.000 Oh, I would love to go into that.

01:49:46.000 We can do that later tonight.

01:49:48.000 Yeah, so much.

01:49:49.000 On the after show or something.

01:49:51.000 The comedian says, words offer the means to meaning, and for those of us who will listen, the enunciation of truth.

01:49:56.000 And the truth is, there is something terribly wrong with this country, isn't there?

01:50:00.000 Alan Moore, Beaver Vendetta, an excellent line.

01:50:03.000 Great movie, by the way, I like this.

01:50:04.000 Oh, he wrote Watchmen, right?

01:50:06.000 Alan Moore?

01:50:06.000 Yeah.

01:50:07.000 I didn't know that was the same guy.

01:50:08.000 Yeah, dude, I've seen a lot of Watchmen lately.

01:50:09.000 He's legit.

01:50:11.000 Yeah, he was making a point.

01:50:12.000 It was really funny about people who are identifying with Rorschach from Watchmen.

01:50:16.000 He was like, he's an awful, like, moral absolutist who doesn't bathe. 1.00

01:50:20.000 Like, you're not supposed to like the guy.

01:50:22.000 But people did.

01:50:23.000 I'm like, yeah, you're not supposed to.

01:50:26.000 All right.

01:50:28.000 Fisk the Loanbacks says, Buying real estate allows rich people and businesses, domestic and foreign, to dump their U.S.

01:50:34.000 dollars before the value of the dollar tanks from inflation.

01:50:36.000 Yep.

01:50:37.000 That's a good point.

01:50:38.000 And they can buy it marked up and just put their money somewhere.

01:50:42.000 It also, uh, I think I could be wrong about this, but I'm pretty sure if you aren't an American citizen, you can still start an American corporation.

01:50:50.000 So long as you have the money, and then you can use that corporation to sponsor yourself, and hire yourself, and so it's like a way people come in.

01:50:56.000 This real estate story that you're talking about, and I'm not just talking about the thread, I'm talking about generally, this is really important, and really big for a number of different reasons.

01:51:05.000 I think this is something that people will be, I know you guys will be, but something that people are going to be talking about a lot because it's a big deal.

01:51:13.000 The real estate thing?

01:51:14.000 Yeah, I mean generally, the number of people who are buying real estate, what it looks like, if there are foreign interests involved.

01:51:22.000 There are.

01:51:24.000 China's been buying up vast swaths of western land and farmland.

01:51:28.000 They're doing it all over the world.

01:51:28.000 Right.

01:51:30.000 And different residential homes all over.

01:51:35.000 The best thing is it's that basically the federal government wants China to have U.S. 0.58

01:51:38.000 dollars to maintain the petrodollar.

01:51:41.000 Then China then uses those dollars to strip away our assets and resources so that we eventually collapse.

01:51:47.000 Victims of our own broken system.

01:51:49.000 And greed.

01:51:50.000 Yep.

01:51:52.000 I believe that, for the most part, the establishment Democrats and Republicans are like, well, this party's over.

01:51:57.000 Before we get kicked out of the House, I'm gonna go steal the fine china and silverware. 0.96

01:52:00.000 Oh no, I think that's true.

01:52:01.000 I think a lot of them have totally given up.

01:52:03.000 I think that they've just said, forget it.

01:52:04.000 I'm like, look, everyone else is doing it.

01:52:07.000 Why don't I get cut into- Look.

01:52:10.000 I know how they feel.

01:52:11.000 Get invited to a nice Upper West Side party in Manhattan, this really nice luxury penthouse.

01:52:16.000 The cops show up and arrest the guy who lives there because he's got drugs.

01:52:20.000 And then everyone's shrugging, and some guy just starts grabbing the silverware.

01:52:23.000 It's like fine silver, and putting it in their pocket, and you're like, eh, screw it.

01:52:26.000 You pull a painting off the wall and you walk out.

01:52:29.000 You know, hey, party's over, might as well take some stuff with us.

01:52:32.000 It sounds like a scene from a dark mirror version of Trading Places, when Eddie Murphy is living in the... Maybe if I do run for office, it'll be under that completely honest stance.

01:52:45.000 It's like, I have no policy positions, but if you vote for me, I can assure you, I will do everything in my power to extract as much value from the working class for myself, and then just sit back and watch the rest of it burn to the ground. 1.00

01:52:56.000 I will not let the food go bad.

01:52:58.000 I'll make sure it gets eaten.

01:52:59.000 How will you deal with the rampant homelessness in Los Angeles?

01:53:02.000 I won't, but I will claim to and hold vast fundraisers to raise tons of money for my own personal endeavors.

01:53:10.000 Next question.

01:53:12.000 Yes, I'm worried about the working class wages.

01:53:14.000 I don't care.

01:53:16.000 You're on your own, but I will pretend to care to hold fundraisers and then, you know, go buy an infinity pool or something.

01:53:23.000 Before it all falls apart.

01:53:25.000 FunGuy says the value of a house is what someone is willing to pay for it, whether that is a private citizen or a private business.

01:53:30.000 All that is happening is people don't want to pay what the market is demanding.

01:53:35.000 Well, I suppose the issue is when all of the homes are owned by one big firm, it'll be like Ukraine. 0.87

01:53:42.000 Have you ever been to Ukraine?

01:53:43.000 I have not.

01:53:44.000 So I was looking at housing prices.

01:53:46.000 I was like, I wonder how much it costs to live in Kiev.

01:53:48.000 It's like comparable to American prices.

01:53:50.000 I'm like, how is somebody who makes 400 bucks a month, like the average wage for a lot of Ukrainians.

01:53:50.000 Really?

01:53:55.000 In Ukraine, right. 0.91

01:53:56.000 Well, it's oligarchs around the country.

01:53:58.000 Right.

01:53:58.000 It is a small handful of ultra wealthy.

01:54:00.000 And that's who lives in Kiev, right?

01:54:02.000 Well, no, you rent from them.

01:54:02.000 The oligarchs.

01:54:04.000 So rent is really cheap, but property is extremely expensive.

01:54:08.000 Ooh, maybe that's what we're gonna see.

01:54:10.000 Maybe that's the idea.

01:54:11.000 Yeah.

01:54:12.000 It seems like a bad investment for an American to buy property in Kiev because the amount of rent you'd get from it is not gonna be that much.

01:54:18.000 But for the oligarchs, they own it all.

01:54:20.000 You have no choice.

01:54:22.000 You are serfs.

01:54:24.000 Alright, TooGoodGaming says, Hey Tim, been following since 2018 and I listen every day.

01:54:28.000 Thanks for the work you do, bro.

01:54:30.000 And everyone, make sure to check out the Fresh and Fit podcast.

01:54:32.000 Absolutely.

01:54:33.000 You know what I was thinking of doing?

01:54:34.000 I want to hire somebody who is just like a gym rat, who likes eating healthy, and then have them just be in the house.

01:54:41.000 And I was like, we should get a board.

01:54:42.000 With like all of the people who work here.

01:54:45.000 And you have to do a certain amount of exercise.

01:54:48.000 And if you do the right amount of exercise, like 30 minutes a day of simple stuff, plus you eat the meal that the health fitness guru says you should eat, you get a golden star.

01:54:58.000 But if you get five golden stars in a week, you get a bonus.

01:55:01.000 Oh my gosh.

01:55:03.000 Wouldn't that be great?

01:55:03.000 Is the golden star made of copper?

01:55:05.000 No, he's a little, you know, those little stickers.

01:55:07.000 That would be cool.

01:55:08.000 That would be cool.

01:55:08.000 Incentive-based.

01:55:09.000 I like that.

01:55:10.000 Yeah.

01:55:10.000 So, like, one day he'll be like, Ian, bro, like, I need 15 sit-ups from you, bro.

01:55:16.000 I don't need the star!

01:55:18.000 Then yank it.

01:55:18.000 You're not gonna get a bonus, bro.

01:55:20.000 I'm telling you, bro.

01:55:20.000 What's the bonus?

01:55:21.000 I like it.

01:55:21.000 I don't know.

01:55:22.000 From week to week, it changes.

01:55:24.000 Yeah, no, no, no.

01:55:25.000 It'd just be like a cash bonus.

01:55:26.000 Oh, okay.

01:55:27.000 Yeah, I'm pretty sure.

01:55:28.000 That sounds great.

01:55:28.000 Because I'm pretty sure health insurance companies lower your rates if you do something like that.

01:55:32.000 They do, yes.

01:55:32.000 So you can pass the savings.

01:55:34.000 Oh! 0.60

01:55:34.000 If you don't smoke or whatever. 0.60

01:55:35.000 Pass the savings on to you.

01:55:35.000 I like that.

01:55:37.000 Yep.

01:55:37.000 And I think the idea of having a company of people who are healthy, fit, sharper, stronger, faster, you know.

01:55:46.000 I love it.

01:55:46.000 Oh, there goes the distance.

01:55:47.000 Yeah.

01:55:48.000 I like it.

01:55:49.000 It's like 15 minutes of aerobic, 15 minutes of anaerobic, and you've got to eat a lean meat with some vegetables.

01:55:54.000 A lot of kale.

01:55:55.000 A lot of kale.

01:55:55.000 Yeah, we're growing kale.

01:55:57.000 Oh yeah, kale's great to grow.

01:56:00.000 I ate a lot of pizza the last couple days.

01:56:02.000 No gold star!

01:56:03.000 No gold star for me, but what I noticed is it's different than just not eating vegetables.

01:56:07.000 If you just don't eat vegetables, that's one thing, but if you eat other crappy, like bread instead, it's way harder to get back.

01:56:15.000 I was feeling hungry because I didn't have nutrients, but I was full.

01:56:18.000 So it's not that you don't have nutrients, it's that you're taking in a bunch of carbs, they fill up your belly, but they hit your bloodstream really fast, the sugar goes really fast, and suddenly you're hungry again.

01:56:28.000 So you end up consuming more calories than you would otherwise.

01:56:31.000 This is great, can I just, I gotta read this.

01:56:32.000 Slensder says, Blackrock isn't just accessing printer-go-burr money.

01:56:36.000 The loans they take out are guaranteed by the Fed, so if the house values fall, taxpayers pick up the bill directly.

01:56:42.000 And if they rise, taxpayers pay with inflation.

01:56:45.000 So you will not own the house, but you'll pay for it anyway.

01:56:48.000 Is it a U.S. 0.70

01:56:50.000 corporation?

01:56:50.000 says Tim Biden appointed multiple former BlackRock executives to his cabinet.

01:56:54.000 One to the Treasury.

01:56:55.000 BlackRock is manipulating markets and profiting.

01:56:58.000 Yeah.

01:57:00.000 That's where it is, man.

01:57:01.000 Is it a is it a US corporation?

01:57:02.000 I don't look it up.

01:57:03.000 I'm looking it up right now.

01:57:06.000 CL says BlackRock has been creating rental backed securities, which is the same thing

01:57:10.000 as a mortgage backed.

01:57:12.000 BR sells a bundle of the homes as a security.

01:57:15.000 Wow.

01:57:16.000 Rental-backed securities.

01:57:18.000 What is it?

01:57:19.000 A rental-backed security.

01:57:20.000 How does that work?

01:57:21.000 The value of the security is based on the properties in which tenants are paying rent.

01:57:26.000 Huh.

01:57:27.000 It's like the same thing as a mortgage-backed security, bro.

01:57:29.000 Interesting.

01:57:30.000 You've got a really interesting audience, too.

01:57:33.000 They're really with it.

01:57:34.000 Oh, yeah.

01:57:35.000 They're very... The smartest.

01:57:36.000 Yeah, right.

01:57:37.000 No BS, man.

01:57:38.000 I find myself being goofy on this show and kind of like, it doesn't fly.

01:57:42.000 These people are too smart.

01:57:43.000 Thank you, guys.

01:57:44.000 That's why people are always yelling at Ian.

01:57:45.000 They're like, Ian... BlackRock is American.

01:57:49.000 Multinational Investment Management Corporation, whatever that means.

01:57:52.000 So maybe they're located in Panama.

01:57:53.000 I don't know.

01:57:53.000 Yeah, if I could read every single super chit.

01:57:55.000 We used to early on, and then the show got bigger, and then it was like, there's just way too many.

01:58:00.000 And I'd read them really fast, and then I realized we're not really getting the super chits if we just speed read them.

01:58:04.000 So we gotta like, you know, try and talk about them.

01:58:08.000 Caliburt Neutral says, please do an imitation of Brian Stelter having an argument with his wife over if he should report lies, like the neutered monk on Game of Thrones.

01:58:16.000 I don't think I can do an impersonation of Brian Stelter because I don't watch him.

01:58:19.000 You know, so it's like, I can watch someone talk and then kind of imitate what they do and then try from there to create the character, but... I have to watch, I would have to watch some of his, uh, some of his stuff, and I don't... I mean, I've watched some of it, but not enough.

01:58:32.000 Rat number two says, Dad, this money isn't real.

01:58:34.000 It was printed by the Montana militia.

01:58:36.000 It'll be real soon enough, was a joke.

01:58:38.000 Now it's becoming reality with crypto and state currency.

01:58:41.000 Yeah, I mean, why don't we have state currencies?

01:58:44.000 You ever hear of the Ithaca Hour?

01:58:46.000 No.

01:58:47.000 Yeah, Ithaca, New York, for a while had their own... I know Ithaca, New York.

01:58:47.000 Negative.

01:58:50.000 I lived there for a while.

01:58:51.000 They had their own currency.

01:58:52.000 It was called the Hour.

01:58:53.000 Interesting.

01:58:54.000 When was that?

01:58:55.000 How long ago did they have that?

01:58:56.000 I think it was like 10 years ago, and it started to fall out of use.

01:58:59.000 So I went there a few years ago, and they said they have them, but no one really cares anymore.

01:59:04.000 The thing about a local currency is that it can't leave your jurisdiction, so... What we saw with, like, Detroit, you had these auto manufacturers.

01:59:11.000 People worked for them.

01:59:12.000 When they left, people didn't have money anymore, so the local economy had nothing to spend.

01:59:17.000 But people were still producing things there.

01:59:19.000 There are still farms.

01:59:20.000 There's still food.

01:59:22.000 They just couldn't trade because they didn't have any money.

01:59:24.000 Money went somewhere else.

01:59:25.000 If you had a local currency, you could keep trading.

01:59:28.000 So I watched this documentary about it and they said once the Ithaca Hour came into existence, all of a sudden everyone's homes became amazing.

01:59:34.000 Because local labor, the currency was always there for the things people could do locally.

01:59:40.000 Can you grow food or buy computers?

01:59:41.000 No.

01:59:42.000 But, someone can fix up your bathroom. 0.98

01:59:45.000 And they would pay in the hour, and then the hour would circulate amongst them all like crazy.

01:59:48.000 So, it worked.

01:59:49.000 Would it get federal taxes taken out of it?

01:59:51.000 I don't know, probably.

01:59:52.000 Yeah.

01:59:52.000 Interesting.

01:59:53.000 Yeah, you gotta pay taxes on all of it.

01:59:56.000 Isidore Calderon says, I mean, it sells itself!

02:00:01.000 Yep.

02:00:02.000 Come on, Abbott, get on this!

02:00:03.000 I like it.

02:00:04.000 Yeah.

02:00:06.000 Let's see, uh, Wizdo, or Wizd of Zaz. 0.99

02:00:11.000 Never heard of that.

02:00:11.000 backs Tim. Several states accept them as legal tender.

02:00:14.000 There is an amount of physical gold commensurate with denomination of respective notes." Never

02:00:18.000 heard of that. Interesting.

02:00:21.000 Michael Wilson says, I got accepted to MSU for film studies today.

02:00:24.000 I'd love to take an internship writing short narratives or cast Castle.

02:00:28.000 Um, sure, but I'd be willing to bet film studies becomes gender studies very quickly and they're going to be like, the first lesson is the wokeness of how film was made or like the whiteness or whatever. 0.84

02:00:38.000 But feel free to send a message to jobs at TimCast.com where we go through and we're looking at people.

02:00:43.000 We're hiring a bunch of people.

02:00:44.000 We're mostly trying to fill the newsroom right now.

02:00:46.000 It's a slow process because I'm doing a lot of Q&A.

02:00:49.000 It's far from perfect.

02:00:51.000 Slow process.

02:00:53.000 I'd love to do what Vice does, or any of those big New York companies.

02:00:55.000 You hire one person, then say hire five people, and you walk away.

02:00:57.000 Yeah, but you see how that turns out.

02:00:59.000 I know! 1.00

02:01:00.000 You get a bunch of really dumb, woke people being like, Donald Trump is a fascist, part 42! 1.00

02:01:05.000 Oh gosh. 1.00

02:01:06.000 Yeah, we read that article before.

02:01:08.000 Move on.

02:01:10.000 All right.

02:01:11.000 Shaboingus says, Hey, just curious why you don't stream on Rumble.

02:01:14.000 I'm a member at your site, but wouldn't it be good to promote free, non-YouTube platforms while you still can?

02:01:20.000 Uh, we have to do a ton.

02:01:23.000 I wish we could just... Let me put it this way.

02:01:26.000 We are not just, like, a camera in front of a computer.

02:01:30.000 Like, a lot of YouTubers will have a webcam and turn it on and just talk.

02:01:36.000 We have a big computer with... I would say we're pro-sumer level.

02:01:40.000 We're not consumer, but we're not pro.

02:01:42.000 We don't use TriCaster.

02:01:43.000 We're using just regular, you know, amateur streaming gear.

02:01:46.000 But we're upgrading.

02:01:48.000 And that makes it really difficult to just switch up the whole system.

02:01:51.000 So we actually have to get new tables built for camera positioning.

02:01:53.000 We have to get special lights.

02:01:55.000 We're moving the studio into a different room, which is bigger and better.

02:01:59.000 And we're getting a new computer sent here hopefully soon.

02:02:01.000 It's been two months.

02:02:02.000 Maybe it'll work.

02:02:03.000 I don't know, there's a chip shortage and the apocalypse and all that, so... Yeah, I wish it were so easy, but we are planning this.

02:02:09.000 We started uploading to Rumble, and we are planning on doing multi-platform streams and all that stuff, but ultimately we'll see how it plays out.

02:02:18.000 Alright.

02:02:20.000 BigMacAttack says, only problem about cryptocurrency is that it requires tech.

02:02:24.000 In a war, a high altitude nuke could EMP the whole country.

02:02:27.000 Boom all electronics fried, including cold storage, unless you have it shielded.

02:02:31.000 Physically backed currency a la gold, standard safer.

02:02:34.000 Here's the problem with gold.

02:02:37.000 Gold and silver.

02:02:38.000 Why are they valuable?

02:02:41.000 Uh, silver has medicinal properties.

02:02:43.000 Gold also, you could argue, has medicinal properties.

02:02:45.000 Other than that, you can make superconductors out of it.

02:02:48.000 Yeah, they're hard to find.

02:02:49.000 Initially, gold was easy to stamp because it's soft and it was rare.

02:02:55.000 So it was easy to take this metal and hard for them to counterfeit, hard for them to produce.

02:03:00.000 And so it became valuable.

02:03:01.000 If you found gold, you could be like, Ooh, I can give this to them.

02:03:03.000 They can stamp it.

02:03:04.000 We have legal currency.

02:03:05.000 So gold is scarce.

02:03:06.000 It becomes valuable.

02:03:07.000 People have confidence in it.

02:03:10.000 Cryptocurrency is valuable for basically the same thing.

02:03:14.000 Bitcoin's basically the same thing.

02:03:15.000 Other cryptos are more like stocks or securities.

02:03:17.000 Now what happens if the total economy of the planet collapses?

02:03:24.000 None of its worth anything all that if everything remained in place, but the economy would just everything was at zero

02:03:29.000 all the sudden No, I mean like the apocalypse happens like all the

02:03:32.000 electricity gets knocked out. Yeah Gold is not gonna be worth anything. Oh food is where it's

02:03:37.000 at water food and water. Yeah. Yeah, that's the point I make you know Alex Jones would be like buy your gold

02:03:41.000 people and I'm like I'll tell you this if If I walked up and I saw you know you Lee on my left and

02:03:47.000 Ian and I said I got this you know roast beef with Swiss and

02:03:52.000 and oh, and Dijon mustard, and a bottle of water.

02:03:56.000 Or, I'm sorry, not the bottle of water, just a Dijon sandwich.

02:03:58.000 Who wants it, and what can you trade?

02:04:00.000 And Ian, if you offered me gold, I'd be like, uh-huh, what do you have?

02:04:03.000 And if you mentioned you had a bottle of water, I'd be like, deal.

02:04:06.000 I don't need gold.

02:04:06.000 What am I going to do with it?

02:04:07.000 Put it in my pocket?

02:04:07.000 It's heavy.

02:04:08.000 It's hard to transport.

02:04:09.000 Yeah, you could argue that the currency only ever got created after society had been established.

02:04:14.000 Because we had access to food and water.

02:04:16.000 Like the farming communities of the Mediterranean.

02:04:18.000 Water is heavy and hard to carry, but you need water.

02:04:22.000 You need to drink it.

02:04:23.000 So I'm like, meh.

02:04:25.000 Gold is good.

02:04:26.000 It is.

02:04:26.000 But any kind of confidence-based value system is predicated upon a functioning economy of some sort.

02:04:32.000 Even if it's a rudimentary economy.

02:04:34.000 So I think about... That's what I mentioned.

02:04:37.000 Mouthwash.

02:04:38.000 Someone's gonna be like, what do you have to trade?

02:04:39.000 And you're gonna be like, I have a gold coin.

02:04:40.000 What am I supposed to do with that?

02:04:42.000 Carry extra weight for no reason?

02:04:44.000 I got a bottle of mouthwash.

02:04:45.000 I need to clean a wound.

02:04:46.000 I have silver mouthwash.

02:04:47.000 You guys ever use that stuff?

02:04:49.000 Oh yeah?

02:04:49.000 The best of both worlds.

02:04:50.000 Yeah.

02:04:51.000 Perfect.

02:04:52.000 Tastes great.

02:04:53.000 Alright, we'll do a couple more here. 1.00

02:04:55.000 A couple more stupid chits. 1.00

02:04:59.000 Yvonne Lee says, Tim, please shout out to Noodle Blossoms. 1.00

02:05:02.000 They keep spamming the chat saying how much they love your show, saying it's the best, and want your autograph.

02:05:07.000 Hey, thank you very much.

02:05:10.000 OG Boxer says, as a libertarian, I can't believe I'm saying this, we need to re-establish Glass-Steagall.

02:05:15.000 Ha! 0.89

02:05:16.000 What is that?

02:05:18.000 I'm going to butcher it if I try to explain it, but I think it separated standard bank accounts from being used as investments.

02:05:23.000 Is that right?

02:05:24.000 Am I wrong about that?

02:05:25.000 It's been a while since I've gone over the Glass-Steagall stuff.

02:05:28.000 But basically my understanding was, individuals who put their money in the banks, the banks couldn't use that for giving out loans.

02:05:34.000 It's it's crazy how as a libertarian, I because I think myself pretty, pretty aligned with libertarian, but when I find myself being like, we need to make this illegal, we need to use the government to do like, there's just no ideal.

02:05:46.000 Oh, okay, here we go.

02:05:48.000 Rick Ortiz says, did you see Jeffrey Lubing was rehired by CNN?

02:05:52.000 If you're a leftist, apparently you can mostly peacefully get rid of the elderly and stroke it into a Zoom video chat. 1.00

02:05:58.000 Was he rehired?

02:06:00.000 I saw he was on TV.

02:06:01.000 I thought I saw something that CNN had forgiven, but I may be mistaken.

02:06:05.000 I don't.

02:06:08.000 That would be strange, but not the strangest thing that's happened in the press over the last few years.

02:06:12.000 What was that guy's story?

02:06:16.000 Not family friendly.

02:06:17.000 Defer to offline conversation.

02:06:18.000 Yes.

02:06:19.000 He did unwise things.

02:06:21.000 Yes, in a meeting.

02:06:22.000 Oh, I heard about that.

02:06:24.000 That's awesome.

02:06:25.000 In a Zoom meeting.

02:06:26.000 Is it though?

02:06:28.000 Ski Man from Toronto says, Hey Tim and crew, love the show.

02:06:30.000 You've been one of the few accurately portraying IRL news.

02:06:33.000 Ontario, Canada finally opening out of lockdown tomorrow with barely any freedom.

02:06:37.000 It's brutal.

02:06:38.000 Trudeau and PCR love.

02:06:39.000 Tsk tsk.

02:06:41.000 Yeah, man, I've been hearing how awful it is.

02:06:44.000 Really bad.

02:06:44.000 And you know that guy's not locked down, Trudeau.

02:06:46.000 He's probably running around free.

02:06:48.000 Of course!

02:06:49.000 Rules for thee, but not for me, baby.

02:06:51.000 My friends, if you haven't already, give us a nice little like.

02:06:54.000 Tap that little like button.

02:06:55.000 Subscribe to this channel, and as always, share the show with your friend.

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02:06:59.000 People can watch it in its entirety.

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02:07:05.000 And to put it simply, if you think we deserve more views than CNN, then help us do that by sharing the show.

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02:07:22.000 And I'm hoping that we can have a big network.

02:07:24.000 Hopefully within a year, we've got a massive functioning newsroom.

02:07:28.000 You know, I always see these leftists, and they're like, here are the top ten performing links on Facebook, and it's like, you know, Ben Shapiro, Ben Shapiro, Daily Wire, Ben Shapiro, Dan Bongino, Dan Bongino, Fox News, Daily Wire, and I'm like, we gotta get a TimCast in there.

02:07:40.000 We're going to start doing that.

02:07:41.000 And then eventually, I want them to start yelling, why is TimCast getting all of these clicks?

02:07:46.000 Because people share our content, and we're better than the mainstream media.

02:07:50.000 But it would be nice, and I'm looking forward to that, so thanks for the support.

02:07:54.000 You can follow me personally at TimCast basically everywhere.

02:07:57.000 And of course, this show is live Monday through Friday at 8pm, so don't forget to come live, hang out.

02:08:01.000 Do you want to shout out your book maybe, or anything else?

02:08:04.000 I want to thank you guys.

02:08:06.000 Thank you for inviting me on.

02:08:07.000 It's been a huge, huge pleasure.

02:08:09.000 A lot of fun.

02:08:10.000 And yeah, your audience just getting a sense of it right there is really interesting, really devoted, really smart.

02:08:16.000 So thank you all for including.

02:08:18.000 Thanks to your audience for welcoming me here.

02:08:21.000 What was the name of your two books?

02:08:23.000 The Plot Against the President and The Permanent Coup.

02:08:26.000 Actually, I wrote another book in 2010 called The Strong Horse, and that's about the Middle East.

02:08:31.000 Oh, so that was.

02:08:33.000 Oh, what's that about?

02:08:34.000 No, that was about the Middle East.

02:08:35.000 I lived in Cairo and Beirut for a bit.

02:08:37.000 And so I was reporting from there, trying to explain the different things that were going on and how we misunderstood 9-11.

02:08:46.000 We took it too personally.

02:08:47.000 Thought it was about us.

02:08:48.000 It was not about us.

02:08:49.000 It was about different fights going on in the Middle East.

02:08:51.000 I would love to talk about that.

02:08:52.000 OK, I look forward.

02:08:54.000 And what's your Twitter so people can follow you on Twitter?

02:08:55.000 Lee Smith.

02:08:56.000 D.C.

02:08:57.000 Thanks, man.

02:08:58.000 You know, there's not much I love more than supporting my friends and seeing them thrive.

02:09:02.000 So if you want, you can buy a T-shirt, a We Are Change T-shirt from Luke Rutkowski and We Are Change.

02:09:07.000 I don't know where, but it's on the Internet somewhere.

02:09:09.000 And also go to TimCast.com and check out the shop.

02:09:13.000 Why don't you go get one of those t-shirts?

02:09:15.000 Or a mug, maybe, with my likeness on it.

02:09:17.000 Oh, yes.

02:09:18.000 I also wore my We Are Change t-shirt today.

02:09:21.000 It said, uh, make 1984 fiction again.

02:09:23.000 And, I just looked this up, Jeffrey Toobin is back at CNN.

02:09:28.000 Yes, you can literally get away with some gross things.

02:09:31.000 Oh, man.

02:09:33.000 Maybe we can talk about that in the bonus segment.

02:09:35.000 And then maybe something more serious.

02:09:38.000 All right, if you haven't already, go to tipguys.com, become a member, smash that like button.

02:09:41.000 We will see you in the bonus segment.

02:09:43.000 It usually goes up around 11 or so p.m.

02:09:45.000 Thanks for hanging out and we'll see you all there.

Timcast IRL - Tim Pool - June 10, 2021

Timcast IRL - Biden Inflation Crisis Sparks Panic as CPI Signals Market Crash Coming w-Lee Smith

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