Timcast IRL - Tim Pool - Timcast IRL - National Guard Will Replace Nurses Fired For Refusing Vaccine Mandate w-Robert Murphy

00:00:00.000 So we already heard that up in the Northeast, National Guard would be deployed to drive

00:00:23.000 school buses due to the driver shortage.

00:00:26.000 We're hearing just across the pond over in the UK, they're preparing to deploy their army because there's no more truck drivers to deliver petrol.

00:00:35.000 And now there's huge lines outside of stores, panic buying.

00:00:39.000 And now we heard the governor of New York say the vaccine mandate is going into effect tonight, which means many nurses will be terminated.

00:00:48.000 When asked what will you do to alleviate the shortage, she said that she's going to enact an executive order giving her the authority To do a variety of things, one of which would be to deploy medically trained National Guards to fill many of these roles.

00:01:03.000 Now, of course, there are a lot of people who are cheering for this and blaming the unvaccinated, but this is the government continually putting National Guardsmen into private sector roles because I can only say it seems like we're in a downward spiral.

00:01:20.000 Things are kind of falling apart.

00:01:22.000 Not to mention we got the whole Gas shortages here in this country, driver shortages, labor shortages, food shortages.

00:01:28.000 You can't even go to some restaurants because they don't even have chicken in some places.

00:01:31.000 Now they've switched from like... Well, I can't remember what commercial it was.

00:01:33.000 They were like, we don't have wings anymore.

00:01:35.000 We have thighs because there's a wing shortage.

00:01:37.000 I don't know how that's going because it seems like it's kind of gotten a little bit better in some areas.

00:01:43.000 But still seems to be getting overall worse.

00:01:46.000 And now we got this $3.5 trillion budget.

00:01:49.000 The Republicans are saying we're not going to sign off on it, but maybe just a stalling tactic.

00:01:53.000 So we have to figure out what all this means.

00:01:56.000 We got an expert to help us understand what all this means.

00:01:59.000 My understanding is that you're a doctor, Robert Murphy, you have a PhD in economics.

00:02:04.000 That's exactly right, yeah.

00:02:05.000 Although the joke is I'm not the doctor that helps people.

00:02:07.000 It's one of those.

00:02:08.000 It's a PhD.

00:02:09.000 Ah, yes.

00:02:09.000 Do you want a quick introduction?

00:02:10.000 Sure, sure.

00:02:11.000 Thanks for having me.

00:02:12.000 I'm Robert Murphy, senior fellow with the Mises Institute, author of the book Choice, put out by the Independent Institute, and most recently of, I call it Common Sense, the case for an independent Texas.

00:02:24.000 Oh, okay.

00:02:25.000 Interesting.

00:02:25.000 So I think you'll have some really good insights on government authority and overreach, as well as economics, which will be perfect for what's happening in the news today.

00:02:31.000 So thanks for hanging out.

00:02:32.000 Thanks for having me.

00:02:33.000 We got Ian.

00:02:34.000 Oh, hello, everyone.

00:02:34.000 Ian Crosland here.

00:02:35.000 Happy to be here.

00:02:36.000 Good to see you, Bob.

00:02:36.000 Jim.

00:02:37.000 Lydia.

00:02:37.000 Hello.

00:02:38.000 Hello.

00:02:38.000 Speaking of Lydia, I'm also here in the corner.

00:02:40.000 And I was telling Bob earlier that between being a libertarian and being an economist, he has something to say about everything that's happening today.

00:02:46.000 So I'm very excited for this conversation.

00:02:48.000 Yeah, there's a lot going on.

00:02:49.000 Creepy stuff.

00:02:50.000 Joe Biden's saying 98% gotta get vaccinated before we can finally, you know, wind things down.

00:02:55.000 It's like, oh, okay, before it was 70, then it was 80.

00:02:57.000 But we'll get in all that stuff.

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00:05:19.000 So again, super big shout out to BioTrust, Drink Right, feelwell.com.

00:05:25.000 But don't forget, go to timcast.com, become a member.

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00:06:16.000 Let's talk about the first story.

00:06:18.000 We have this from Military.com.

00:06:20.000 New York Governor May Deploy National Guard To Assist With Healthcare Vaccine Mandate.

00:06:26.000 Now, I gotta say, first and foremost, this is a repost, essentially, from the Associated Press.

00:06:30.000 The AP writes it, and then it gets picked up by a bunch of different outlets.

00:06:33.000 But I noticed that they're, you know, based on what Kathy Hochul said, governor of New York, versus what they're writing in news stories, I think they're kind of playing this soft.

00:06:43.000 She may deploy the National Guard to assist with healthcare vaccine mandate.

00:06:47.000 It's not her first plan, and it's only in the event she has to fire all these people over the vaccine mandate, which sounds like their intent is to do it.

00:06:55.000 We heard something similar in the UK when they said, we may deploy the army to drive trucks.

00:07:00.000 The UK, one of the officials said, we have no plans to do this.

00:07:05.000 But we're preparing to do it.

00:07:06.000 You see, it's word games.

00:07:08.000 When she comes out and says that she's going to enact a state of emergency granting her the power to deploy medically trained National Guard because they're going to be firing nurses, I mean, that's straight up stating their intent to do so.

00:07:21.000 I don't think it's fair to then be like, they might not do it anyway.

00:07:24.000 Well, a lot of people might not do anything.

00:07:26.000 You know, Michael Bloomberg comes out and says, I'm gonna tax soda.

00:07:29.000 He might do it.

00:07:30.000 Well, he literally said he was gonna do it.

00:07:31.000 So let's talk about what their intent is and the line they're drawing, as well as how far they're pushing us towards authoritarianism.

00:07:37.000 So what I see as truly interesting about this and what's happening, and I think it's in Massachusetts, I'm not sure, maybe it was Rhode Island, where they're getting rid of the, where they're not getting rid of, they're sending in the National Guard to drive buses for school, for school children.

00:07:51.000 Because of the problems caused by the politicians destroying the private sector, like this is the perfect example.

00:07:58.000 We're going to mandate a medical procedure with no exceptions, no testing exemptions, just straight up do it without legislative approval.

00:08:05.000 Then when the market collapses, they're going to send in government agents to replace them.

00:08:10.000 Sounds a bit like... You know, I don't want to say fascism, because that implies kind of an ultra-traditionalist.

00:08:17.000 This is kind of like Chinese state communism style.

00:08:21.000 You're an economist, Robert.

00:08:22.000 What are your thoughts on this stuff?

00:08:24.000 Yeah, what I was going to say is exactly what you anticipated, that yes, standard operating procedure, the government lays down some legislation, or at this stage you're saying it wasn't even legislation necessarily, just makes some rules.

00:08:34.000 Edict.

00:08:35.000 Edict, yes.

00:08:36.000 Causes problems, and then says, oh well gee, now that there's this problem, the free market can't solve it, so I guess we've got to come in as the savior.

00:08:43.000 I don't like this idea that, oh, whenever something isn't getting done, just send in the military because they know how to do everything, apparently.

00:08:48.000 And as we know, if you want to get something done well and efficiently and with courtesy, you send in troops.

00:08:52.000 Like, who else would you want to be, you know, driving your school kids around except the National Guard?

00:08:56.000 This reminds me of a Ryan Long sketch where it was Antifa window repair.

00:09:01.000 So it's like they dress up like Antifa and go around in the ride, smash windows, and the next day show up and say, hey, we can fix your windows.

00:09:07.000 That's basically what we're seeing.

00:09:08.000 They're like, unfortunately, all these nurses have chosen to do the have not chosen to do the right thing. 0.57

00:09:13.000 Oh, no.

00:09:13.000 Now the government has to come in to clean up the mess.

00:09:16.000 So we're seeing it with a lot of things.

00:09:18.000 I mean, in terms of the authoritarian takeover, like, I don't know if you've been seeing what's going on in Australia.

00:09:24.000 Have you been?

00:09:25.000 Yeah.

00:09:26.000 Do you see this video that's going viral?

00:09:28.000 I don't know if you saw it, Ian or Lydia, where it's like a guy sitting in a fountain smoking a cigarette and the cops come up and just throw him to the ground.

00:09:34.000 And, you know, there's like seven cops.

00:09:37.000 And they're like, you know, this woman's yelling, what are you doing, Lee Malone?

00:09:40.000 And he has no reason to be here.

00:09:42.000 It's like he went out for a walk and wasn't wearing a mask.

00:09:44.000 He was smoking a cigarette.

00:09:46.000 And the cops are like, we don't care.

00:09:49.000 So that's that's kind of the direction we're heading in.

00:09:51.000 But it's so it's it's it's interesting that we're seeing a combination of maybe it's not interesting.

00:09:56.000 The government takeover is hitting both, you know, the economy and law enforcement, I guess.

00:10:01.000 So we're getting edict and we're getting our we're having our economy shut down.

00:10:06.000 So, yeah, my concern beyond, you know, the specifics of this and the injustice to the people involved is just the broader point.

00:10:12.000 To me, I think what they're trying to do is get the public more familiar with just seeing guys with big guns walking around, you know, taking charge of the situation, like moving it towards what would be called a police state.

00:10:23.000 So something that, you know, decades ago, Americans would have thought, that'll never happen here.

00:10:27.000 In other words, they're not just going to say, oh, we're doing this because its big brother here is watching you.

00:10:32.000 They can't literally go from that from a Tuesday to a Wednesday, but they do this.

00:10:35.000 So, you know, oh, National Guard.

00:10:37.000 Well, no, they're just driving school buses because, you know, those people won't get vaccinated.

00:10:40.000 So, of course, they got to do that and just get us used to seeing guys in, you know, camo walking around.

00:10:46.000 Yeah, isn't it amazing how kind of desensitized everyone's become to like a lot of the stuff?

00:10:50.000 I remember I was in New York, and I was walking past Grand Central Station, and the cops that are there, they're like fully decked out in full armor, they look like stormtroopers, and they've got, you know, probably selective fire rifles of some sort.

00:11:02.000 And I was just like, man, that's a crazy sight.

00:11:04.000 And they have dogs, and they're like standing next to the entrances, and I'm like, do we really need that?

00:11:08.000 I guess?

00:11:09.000 I mean...

00:11:10.000 Yeah, I would.

00:11:10.000 Yeah, I was.

00:11:11.000 So I went to grad school at NYU.

00:11:12.000 So in 9-11, you know, I was I was there.

00:11:14.000 I mean, I wasn't little.

00:11:15.000 I was across New Jersey.

00:11:16.000 But yeah, for I think months after, I forget exactly when they phase it out.

00:11:20.000 But yeah, there were, you know, armored personnel carriers just on the streets, guys walking around with big guns.

00:11:25.000 And you're sort of used to it.

00:11:27.000 You know, and I and I realize like, oh, this is what America would look like, you know, down the road if if Americans let it go that way.

00:11:33.000 And it looks like they're they are letting it go that way.

00:11:35.000 Yeah.

00:11:35.000 And then, you know, I've been hearing from a lot of people, a lot of military officers resigning.

00:11:39.000 A lot of police officers are resigning.

00:11:41.000 That's another big story.

00:11:42.000 A couple dozen, I guess, dozens, they say, of police in Massachusetts are resigning over the vaccine mandates.

00:11:48.000 So, I mean, Can I just ask you, too, and I think you alluded to it a minute ago, the thing about this that I haven't seen more people bringing up is just on its surface.

00:11:58.000 I understand that, yeah, especially in health care, you know, people with certain conditions, they, you know, they might be genuinely concerned.

00:12:04.000 I don't want, you know, a nurse dealing with me who hasn't been vaccinated.

00:12:08.000 But wouldn't it also be good just to show, no, I had this, like, that I have antibodies.

00:12:12.000 Like, to me, that would be a more important test to say, yeah, I had COVID three months ago.

00:12:16.000 I beat it.

00:12:17.000 And yet, I don't even see that being discussed, let alone addressed and dealt with.

00:12:22.000 When they say, we don't care about negative tests, when they say they don't care about antibodies, they're saying this has nothing to do with the infection, it has everything to do with control.

00:12:31.000 Right.

00:12:32.000 I mean, they can come out and say all day and night that this is about public health, and I'm like, then wouldn't you actually follow the science?

00:12:38.000 But they don't do that.

00:12:39.000 The science, in many instances there has been a lot of science that Should and could and should be questioned, yet what do you get?

00:12:49.000 Censorship?

00:12:51.000 So, all right, shout out to Ryan Long again, because he has a sketch where, he just put out today, I think, called, like, Trust the Experts or whatever, where he comes out and he's like, all the experts agree, and then, you know, his buddy walks up, I think Danny's his name, and he's like, I'm an expert, and I read the data and came to a slightly different conclusion, then Ryan Long starts punching him, and he's like, shut up, and kicking him, he's like, the experts agree.

00:13:10.000 That's basically what we're seeing.

00:13:12.000 What I was going to say about the police resigning over vaccine mandates.

00:13:17.000 You mentioned, you know, people getting used to seeing, you know, cops out in the street and things like this.

00:13:22.000 It really is amazing to me how far we've gone where I can talk to my friends who aren't very political and I'll say like, if I would have told you three years ago they'd bar people from leaving their homes, that they'd be mandating you get a medical procedure, albeit a small one.

00:13:36.000 I'm not saying they're going to cut out your appendix or anything.

00:13:39.000 otherwise you can't work and that's you know we see widespread riots and they would

00:13:44.000 be caught nobody would believe it

00:13:46.000 nobody believe it if i told you

00:13:47.000 that the government would deploy you know tens of thousands national guards

00:13:50.000 surrounding the capital offenses they'd be like i'll get her 0.99

00:13:53.000 if i said every people start no one would believe any of it it's all been so chaotic people are desensitized

00:13:59.000 and now at the point where the good cops who are like you can't make us do this and

00:14:05.000 this is not constitutional are all resigning

00:14:07.000 But there are cops who are staying, and those cops are not going to be the good cops who are like, ah, I'm not gonna, you know, enforce that when that crosses the line.

00:14:15.000 What we're gonna be left with is a military of a bunch of people saying like, I don't know, just follow orders.

00:14:19.000 And a bunch of police saying, I don't know, just follow orders.

00:14:22.000 And then what do we get?

00:14:24.000 Yeah, I think that's what concerns me too, you know, about like the advertising, like the, you know, the woke advertising for the CIA and all that, and that they're making it the case that after they get rid of, you know, the questionables and the people with these domestic ties and so forth, that they're going to replace them with the right kind of people who are then going to implement these, because right now, you're right, the sort of top-down commands that they want to issue, there'd be a lot of resistance or hesitancy to, you know, enforce this stuff.

00:14:52.000 I think they're looking ahead and saying, no, we got plans in place so that five years from now, the personnel staffing these organizations are not going to be the ones that were here.

00:15:00.000 So they will follow those orders.

00:15:01.000 One thing that's interesting to me, though, is that often powerful interests, special interests, politicians use economics as a means of controlling the system, right?

00:15:11.000 How do you make someone behave the way you want?

00:15:13.000 Well, you tax their item. 1.00

00:15:14.000 Michael Bloomberg was like, we're going to tax large sodas so people are stupid and fat so that way they won't buy them and things like that. 0.99

00:15:21.000 Tax cigarettes, tax gasoline. 0.99

00:15:23.000 In this instance, they're going overt authoritarianism.

00:15:27.000 Would you agree that they typically use economic power to pressure people?

00:15:31.000 Well, I think you're right.

00:15:32.000 Even in this instance, though, in other words, instead of Washington just saying every American, you know, except for many people with certain exceptions because of vulnerability, has to get this vaccine.

00:15:41.000 We're just saying if you want to work at a large organization.

00:15:41.000 No, we're not saying that.

00:15:44.000 Yeah.

00:15:45.000 You're free to not have an income.

00:15:47.000 You're free to go into the woods.

00:15:48.000 Right.

00:15:48.000 So even I agree with that.

00:15:49.000 You are.

00:15:50.000 Yeah, and that's also like with the big tech and so like that's part of the way they're doing this as a sort of an end run.

00:15:55.000 And there's coercion involved.

00:15:56.000 This isn't like a free market outcome.

00:15:58.000 But I think you're right that they realize it's easier to get someone to say, well, my boss is making me do it and I need my job.

00:16:04.000 I got to support my kids.

00:16:05.000 Whereas if we're just a matter of paying a fine and going to jail for 30 days, they might stand up to the man.

00:16:11.000 And this is the crazy thing about it.

00:16:12.000 It's that we've become accustomed to, acclimated and locked into in a sense, right?

00:16:20.000 People are so used to living in climate controlled homes with refrigerators and microwaves, stoves, natural gas, easy access at supermarkets.

00:16:29.000 They're like, I can't give that up.

00:16:30.000 My kids need this.

00:16:31.000 And I'm like, I don't know, 300 years ago, some dude was like foraging through the weeds for food for his family and That being said, people today don't really have the ability to go and forage and farm on their own because land is owned and controlled by everybody.

00:16:44.000 So we're at this point now where the planet's basically been labeled, you know, claimed by enough people or interests.

00:16:52.000 That if you did leave your job, what can you do?

00:16:54.000 I mean, theoretically, you can go to, like, Chiron in Mexico and then start figuring things out.

00:16:58.000 You can go to the middle of nowhere.

00:17:00.000 But if you have a family, you can't just stake a claim anymore.

00:17:02.000 You can't just go to Lanibeco, okay, I'm gonna farm here and survive.

00:17:05.000 Nope, they locked you in.

00:17:06.000 So what do you do?

00:17:08.000 Well, you can start a new career path as an internet video blogger.

00:17:14.000 Hopefully you did it two years ago, because now you don't have much time to get it going if you're going to have to resign from your job.

00:17:20.000 I don't know if you saw the conversation I had with Jack Murphy.

00:17:23.000 What was that?

00:17:24.000 That was a week and a half ago or so?

00:17:25.000 Something.

00:17:26.000 He was talking about how his kid wants to play college sports, varsity sports, and then college sports, and now they're saying, well, you've got to get vaccinated.

00:17:33.000 So he's like, it's tyranny.

00:17:34.000 He doesn't think the vaccine's going to hurt his kid or anything like that.

00:17:36.000 He just thinks the government's trying to force him to do it.

00:17:38.000 And it's a difficult position where he doesn't want to tell his kid not to play baseball.

00:17:42.000 And my attitude was like, I think you should tell your kid not to play baseball.

00:17:44.000 I think if you truly believe in it, you should stand up and say, I'm not, no, if there's, you know, the government isn't my doctor and shouldn't tell me, you know, what I'm supposed to be doing.

00:17:52.000 The issue, you know, much bigger than just baseball is, I saw a video of a... It was a medical worker saying, you know, if I have to support my family, I can quit and then we're completely broke, or I can get the vaccine.

00:18:07.000 And so they were like, I guess I have no choice.

00:18:09.000 And that's where people are at.

00:18:10.000 The government is not only... You know, I think this is a sign of how bad it's really, really going to get.

00:18:18.000 If they have people so constrained and so scared that they will undergo a medical procedure, then what else can they do?

00:18:26.000 Get off the central electric grid, for starters.

00:18:28.000 Get off the centralized fiat currency grid, secondly.

00:18:31.000 So that means crypto, solar power, grow your own food.

00:18:34.000 Get off the centralized food grid.

00:18:36.000 Those are three things you can do.

00:18:38.000 Homesteading.

00:18:39.000 You know, get a place out in the middle of nowhere, grow your own food, get some chickens.

00:18:43.000 Work on the internet.

00:18:44.000 We're big fans of chickens.

00:18:45.000 Have small companies.

00:18:46.000 Let's do lots and lots of small companies.

00:18:49.000 Yeah, but, like, what do people do?

00:18:51.000 You know, like, how much work being done by people is actually contributing to the lives of individuals?

00:18:55.000 Like, food production and, you know, things like that fuel most people?

00:19:00.000 Like, to be fair, like, we produce a relatively small amount of Goods for people.

00:19:09.000 I mean, I guess people can say that thought and planning and this is the kind of stuff that goes into fixing economies and making people live better so it's good, but like, we're not fixing any toilets.

00:19:17.000 We're not growing any bread.

00:19:18.000 We're not feeding anybody.

00:19:19.000 So I have many friends who work in the service industry, whether it's in food or like I used to work in a hospital, and they're saying that they're being required to get the vaccine.

00:19:28.000 And when I read the numbers of Americans who live from paycheck to paycheck, it is not surprising to me at all that they're able to require this of people who really don't want it.

00:19:37.000 Like, I had a Facebook friend who recently got it and she's like, you win, Joe Biden, because I didn't, I have to do this to keep my career.

00:19:43.000 And I was like, that's really sad.

00:19:45.000 You shouldn't have to do that.

00:19:46.000 But I also know that you have three kids, your husband can't work, and you know that if you don't take this shot, you will have to find an entirely different career.

00:19:54.000 This job pays much better than working as a waitress or something.

00:19:56.000 So I completely understand.

00:19:58.000 It's a hard situation.

00:19:59.000 I don't like that we're being put in it, but we're gonna have to figure out how to stand up to it.

00:20:03.000 Yes, you guys are right that it's not literally impossible to, you know, avoid this stuff.

00:20:08.000 But also, too, just like you're saying, like, that's part of the reason I think that they monopolize the money supply is because they knew, you know, what better way to put the screws to people.

00:20:16.000 And so, you know, their high income tax and wow, well, let me just, you know, go outside the standard health care system.

00:20:16.000 Right.

00:20:21.000 Well, no, you can't because there's the FDA, the CDC.

00:20:23.000 You can't just open up your own hospital and say, hey, here, people don't need to be vaxxed.

00:20:27.000 You know, that ultimately would be the solution in a genuinely free society that because, you know, people say, oh, well, so should my kids not?

00:20:34.000 You know, what if they had the measles or something?

00:20:36.000 You know, you're against all.

00:20:37.000 And it's not that there's just some, you know, from on high, some right thing to do.

00:20:42.000 It's like each each building or each organization could set its own rules.

00:20:46.000 Like you were saying, sports, they could decide, you know, do the kids, you know, need to get something or not, whether to participate and.

00:20:52.000 You know, they would have certain uniform requirements or whatever.

00:20:55.000 A kid couldn't show up to play naked and play football, you know, among other reasons, because that's not sanitary.

00:21:00.000 And so it's or a kid's bleeding out or something and said, no, no, I want to play.

00:21:00.000 Right.

00:21:04.000 It's my decision.

00:21:04.000 My dad said I'm fine.

00:21:05.000 You know, so there's things to do.

00:21:07.000 And the way to ultimately handle it is not us making a case by case, but to have the organization set the rules.

00:21:12.000 The problem here is the government has got its just tentacles and everything so much that they can kind of force this outcome.

00:21:18.000 So we have the we have the story out of Berlin that I think is a good segue.

00:21:22.000 Berliners vote to expropriate large landlords in non-binding referendum.

00:21:27.000 Non-binding, okay, I don't know if that really means anything's going to be accomplished, but they do say in the Reuters article that, they say, campaigners hope the city will take control of some 240,000 apartments.

00:21:40.000 That is to say they probably won't, but you have people in Berlin Who are voting that these big companies that own, I think it's 550,000 apartment units, lose control of it and the public gains control of it.

00:21:55.000 And the way I see it is, it doesn't matter if it's the private sector or the public sector, when power is centralized, you will get tyranny.

00:22:02.000 So what we've been seeing in the U.S.

00:22:04.000 is like that BlackRock fiasco.

00:22:05.000 I don't know if you saw a lot about it.

00:22:07.000 These large private investment firms buying up all the houses, offering up insane sums of money.

00:22:12.000 Like, there'll be a $200,000 house and a family will be like, we'll pay $200,000.

00:22:16.000 And then some firm will come in and say, we'll do $230,000 because we can and we're rich and we know the value is going to go up because we're buying it all.

00:22:21.000 You get to that point and you're like, okay, these massive out-of-control private entities need to have some kind of regulation or antitrust.

00:22:29.000 On the other hand, what you see instead is that in Berlin, they're like, the government should take all of them, replacing one centralized authority with another.

00:22:37.000 So I don't know.

00:22:38.000 I thought this was interesting for you, especially being a Mises Institute economist.

00:22:43.000 What's your view on dealing with massive out-of-control private organizations that are seizing the commons versus the left solution, which is government?

00:22:51.000 Sure.

00:22:52.000 So you had a key phrase there, you said out of control.

00:22:55.000 So probably if you'd asked me that 20 years ago, I would have said, oh, well, in a free market, it's good that a private corporation, if they buy it, it's not in their interest to buy it if the price is going to crash later, because then they lose money.

00:23:05.000 So they only buy it if they think it's going to go up.

00:23:07.000 And then that, you know, rationally allocates housing to the highest bidder.

00:23:11.000 And that would all be true so long as they respected property rights and there was no, you know, bailouts of them when they get caught with their pants down.

00:23:18.000 But as we see in practice, that isn't what happened.

00:23:19.000 Like, you know, the housing boom years, you could say of a lot of those companies, those investors, why are they making such crazy, you know, why are banks giving loans to people that they know, you know, they call them liar loans.

00:23:29.000 They knew some of those mortgages that they were going to people who lied on the application.

00:23:32.000 And when you push it, ultimately, it's largely because, you know, they knew they were going to get bailed out.

00:23:37.000 That, oh, Greenspan and then Bernanke, he wouldn't let the whole system go down.

00:23:41.000 And so there were things like that in place.

00:23:42.000 So I agree with you.

00:23:44.000 In the real world, the problem with big companies doing that is because it's not just promoting efficiency, because if they make a mistake, a lot of times taxpayers have to bail them out or the Federal Reserve.

00:23:54.000 And so, yeah, right.

00:23:55.000 The way to solve that problem is not to then empower the government even more, because they're ultimately the ones that, you know, keep that corrupt system in place.

00:24:02.000 Yeah, that's what's funny.

00:24:03.000 It's like we were talking about this in the previous segment, that the government comes in and says, we're going to fire all the nurses.

00:24:08.000 Oh no, what do we do?

00:24:09.000 Oh, well, I guess we'll send in the National Guard.

00:24:10.000 It's like, well, you chose to do all of those things.

00:24:12.000 So, you destroy the economy, then say, here's my solution. 0.95

00:24:15.000 It's like, you punch the guy in the face and offer him the first aid kit.

00:24:18.000 It's like, no, no, no, that's not acceptable.

00:24:19.000 You can't do that.

00:24:20.000 And in this capacity, you get these, I can't speak for Germany, but in the U.S., my understanding was that a lot of these large investment firms were getting bank loans and government funding and Fed dollars, were buying up the property, and their attitude was like, we don't care, we'll get bailed out if it screws up, so we're stealing from you no matter what.

00:24:38.000 Right, exactly.

00:24:38.000 So, yeah, in a genuine free market, I would have no problem in principle with them doing it because the only reason they would buy it is if they think the price is going to go higher and it's in their interest to not be consistently wrong about that.

00:24:50.000 And if the price does go higher than they did a service by, you know, reserving that for the person who wanted it more down the road.

00:24:56.000 But you're right.

00:24:56.000 But what do you what do you do if one company owns 80 percent of the property?

00:25:01.000 So the more property they own, the more profit they generate, the more property they buy, until eventually one company owns all the houses in a city or something.

00:25:11.000 OK, so again, so long as they're not violating contracts, they're not, you know, stealing from people or what, you know, they're just buying when then they're only respecting, you know, the title that they actually acquired legitimately.

00:25:23.000 The only way they could capture such market share is if somehow they're out competing all the all the other speculators and housing developers who are trying to do that.

00:25:31.000 So they're like.

00:25:32.000 Back in the day, the reason Rockefeller got so big was he genuinely came up with efficiencies and delivered kerosene and petroleum at lower prices.

00:25:40.000 And so then later, you know, people could argue they did stuff with their money that they shouldn't have.

00:25:44.000 That wasn't a market outcome.

00:25:45.000 But originally, that's how he beat his competitors.

00:25:48.000 So per se, I don't have a problem with that.

00:25:50.000 So if some company Just starts taking over because, you know, they're really good at saying, no, this property is going to go up and they have a better eye for real estate.

00:25:57.000 You know, I wouldn't want them to stop doing that.

00:26:00.000 But yeah, I mean, certainly at some point you just have a multi-billion dollar fund saying, I don't care if it goes up, I'll buy it anyway because I can, because it doesn't affect our bottom line.

00:26:10.000 And the more property you have, the better.

00:26:11.000 And in fact, you know, once they control a substantive portion of the market, can't they then manipulate the market?

00:26:17.000 Like, would there be a, would there need to be a point at which the government can do something?

00:26:22.000 Uh, so I would reject the idea that at some point they don't care.

00:26:26.000 Like, I don't think Warren Buffett buys stocks and says, I don't care whether they go up or down because I'm so rich.

00:26:30.000 Now you're right.

00:26:30.000 He might be able, because he's so big now, to do things.

00:26:33.000 Like, the fear of fact that he's, you know, likes a stock, that might make the price go up.

00:26:37.000 And so that does kind of change, you know, the analysis.

00:26:40.000 It's, it's, it's, it's definitely true.

00:26:42.000 They don't care.

00:26:43.000 It's not that they don't care about, like, like I'm saying, they're like, oh no, I'm going to lose money, but don't care.

00:26:46.000 It's mostly that they're like, look, If I can afford to buy ten houses, yeah, one of them might go down, but whatever.

00:26:52.000 You know, like, I'm gonna diversify, I'm gonna buy as much as I can and hope that overall, out of my ten houses, six gain in value, and if the four that go down, hopefully the gains outweigh the losses.

00:27:03.000 So then you'll end up with someone saying, you know what?

00:27:05.000 This might be a risky buy.

00:27:07.000 But I can handle the risk because I've got such massive wealth from all the property I own already.

00:27:12.000 I can take the risk.

00:27:13.000 A regular person can't do that.

00:27:14.000 So then you end up with an organization that can come in and say, $200,000 house for this middle class working, you know, this working family?

00:27:21.000 Eh, we'll give you $210,000.

00:27:23.000 And then the seller is going to be like, $210,000 is better for me.

00:27:26.000 But then what happens when the middle class doesn't own any wealth?

00:27:28.000 They can't transfer anything to their kids.

00:27:29.000 You end up with like Chinese style state communism.

00:27:33.000 So I suppose, you know, to go back, you had asked me, you know, at some point, is it justified for the state to come in?

00:27:39.000 And so I guess what I would say is, I mean, we can quibble about, you know, scenarios where, you know, even I might say, yeah, I don't that makes me uncomfortable.

00:27:46.000 But to me, you don't make things better by saying let's have, you know, those people in Washington because we can trust them to do the right thing.

00:27:53.000 And I know you're not saying that, but, you know, the same people that are doing all the stuff that we're talking about with the National Guard and the, you know, vaccine mandates and whatnot.

00:28:01.000 They're not going to come in and all of a sudden be on their best behavior when it comes to regulating the housing sector.

00:28:05.000 Like, again, they're the ones who were behind the bailouts in the first place.

00:28:09.000 I'm saying, like, you know, is antitrust feasible?

00:28:12.000 You know, the problem I see with the Berlin thing is, like, the government just taking the houses is the same problem as the corporations having the houses.

00:28:18.000 The only difference is who you're yelling at.

00:28:20.000 But what if they said, hey, you know, we're gonna put a limit on how much property you can own, or something like that.

00:28:26.000 Or perhaps it's like, you're a special case.

00:28:29.000 You are the one company that owns 60% of the properties.

00:28:32.000 We think that's too much.

00:28:35.000 So we're gonna antitrust you.

00:28:36.000 We're gonna break you up.

00:28:37.000 Like, what's your thoughts on that?

00:28:38.000 So Tom DiLorenzo has done a lot of good stuff on this.

00:28:41.000 People want to look him up on antitrust.

00:28:44.000 So I don't have the sticks off the top of my head, but I think it's true that in the vast majority of actual antitrust lawsuits are brought by the competitors of like the dominant firm.

00:28:53.000 So it's not, you know, some disinterested.

00:28:55.000 Civic rights organization, you know guys that are you know, just doing this and they're they're getting money from

00:29:00.000 contributors or something around the country It's the competitors who try to bring them down and also

00:29:04.000 what there were plenty of cases where companies were viewed as untouchable

00:29:08.000 You know behemoths that then just collect like IBM There was a period where they just dominate and no one ever

00:29:14.000 touched IBM and then Microsoft came along And then who could possibly touch Microsoft?

00:29:18.000 Then Google came.

00:29:19.000 No one can touch Google, you know what I'm saying?

00:29:20.000 And so, a lot of times, like, the stuff gets hung up in the antitrust lawsuit, and the company loses market share just because of market forces.

00:29:27.000 I mean, to be fair, those examples are just escalating tyranny, though.

00:29:30.000 You know, IBM was making computers.

00:29:32.000 People use computers.

00:29:33.000 They're like, that's a great utility.

00:29:34.000 Microsoft came along, and then things started to get a little shady with how they were running their business.

00:29:39.000 Apple comes along, similar things.

00:29:41.000 And now we're at the point where Google is just overtly evil.

00:29:44.000 And censoring news, censoring conversations, stopping regular people from being able to have conversations.

00:29:51.000 It's to the point where Google got so powerful that no one can even rise up to challenge them. 0.55

00:29:56.000 Because if you're a politician, or the Mises Institute is a good example, Wikipedia says you guys are, you know, it smears you in ridiculous ways.

00:30:04.000 We're at the point where these institutions have become so powerful and untouchable that they can outright just destroy anyone who would speak up against them to stop them from abusing power.

00:30:14.000 You know, so my view is, I definitely lean more towards freedom and everything, but I would say I'm rather centrist in the economic scale simply because while I don't think the government owning land is going to improve things for the working class, I think centralization of authority and power, regardless of whether it's government or corporation, is a bad thing.

00:30:35.000 And so how do you break that apart and decentralize it, especially when, you know, look, Google is untouchable.

00:30:42.000 And as you said, many of these untouchables have waned.

00:30:44.000 I mean, Microsoft is still there, and Bill Gates is buying up all the farmland, so he's certainly retained all that power.

00:30:50.000 Then you've got Apple, which did a really great job of rebranding Unix and selling it back to people for Well, let's be real, Ian, Unix was open source, right?

00:30:58.000 It is open source?

00:30:58.000 Yeah.

00:30:59.000 So he brands, he takes a Unix, he brands it.

00:31:01.000 Makes it private, yeah.

00:31:02.000 Makes it private, sells it for a massive profit.

00:31:05.000 Convince a bunch of people that Shiny is better, and then I have to deal with people who don't know how to use basic, you know, functions on a PC or run, you know, basic programs because they're using, you know, iPhones and stuff.

00:31:15.000 No offense to the iPhone and Apple users, I'm not a fan.

00:31:17.000 And now you're at the point where once, like, all of that stuff keeps happening, now you get Google, and Google's got its tentacles in everything to the point where You're a conservative talk show host and they delete your video because you cited the CDC.

00:31:31.000 That's Steven Crowder.

00:31:32.000 So now if you can't even speak up against them any meaningful way, oh, of course we can say Google's bad like on this show.

00:31:38.000 But what if you actually want to challenge their goals and agendas or something that might affect their profits?

00:31:43.000 All of a sudden now they're coming after you.

00:31:44.000 They're going to censor you.

00:31:46.000 Now you can't even do anything to stop it.

00:31:48.000 I'm seeing now that Unix might actually be closed source and that Linus Torvald reverse-engineered it and created Linux, which is open source.

00:31:54.000 I don't know.

00:31:55.000 I thought it was open source.

00:31:56.000 Okay, my info on that Apple stuff is probably wrong.

00:31:58.000 Yeah, it's kind of vague.

00:31:59.000 Apologies, Apple.

00:32:00.000 Thanks, guys.

00:32:01.000 So yeah, I definitely agree with you that what Google's doing right now is, you know, they're not living up to their motto, right?

00:32:08.000 Oh, they got rid of that motto.

00:32:09.000 It's Alphabet.

00:32:11.000 It's good.

00:32:11.000 They own Google, right?

00:32:12.000 Right.

00:32:13.000 That is like crazy technology.

00:32:15.000 Overtly evil.

00:32:16.000 Quantum computing.

00:32:17.000 They're going to they're going to I mean, we live under the boot of Zuckerberg and and Alphabet, you know, Bill Gates.

00:32:25.000 Yeah.

00:32:25.000 So I do think that, you know, 30, 40 years from now, it's not just going to be politicians that we're going to think that the humans of that era are going to think are the ones like running the world.

00:32:34.000 It will be like a fusion of Yes.

00:32:36.000 big, you know, billion, multi billion dollar corporations and

00:32:39.000 then powerful states.

00:32:41.000 And it'll be more of a hybrid thing.

00:32:43.000 And that will be considered like the you know, the center of

00:32:46.000 oppression.

00:32:46.000 Chinese style.

00:32:47.000 Capitalism, communism, sure. They come.

00:32:50.000 Whatever term you want to use.

00:32:51.000 So that's all I would say, though, is the way to slow the

00:32:55.000 movement towards that is not to give, you know, the the

00:32:58.000 Department of Justice more power to break up companies.

00:33:01.000 You know, so it's a modest point that I'm making.

00:33:03.000 I'm more just, you know, saying this is not the path.

00:33:07.000 I've been thinking a lot that politics is not what we think it is anymore.

00:33:10.000 It's not Democrats, Republicans.

00:33:12.000 I mentioned this before the show.

00:33:13.000 That's the skin suit of politics. 0.99

00:33:14.000 Politics now is computer software code.

00:33:17.000 It's deciding what we see, That's a great point.

00:33:19.000 we interact with. So we need to rewrite the code if we want to control and change the politics.

00:33:24.000 It's not going to happen from Washington. It's going to be a decentralized movement.

00:33:27.000 And it kind of is. Well, that's that's a great point. I think politics as we see it right now

00:33:32.000 is a facade when you can't even go on social media to the public square to the water cooler and say

00:33:40.000 here is my political opinion. Then there is no democracy.

00:33:44.000 There is no democratic institution.

00:33:46.000 It's quite literally.

00:33:47.000 We've mentioned this before.

00:33:48.000 Imagine it this way.

00:33:50.000 We get locked down.

00:33:51.000 We're told we can't go to bars.

00:33:52.000 We can't go to restaurants.

00:33:53.000 So no one's talking to each other.

00:33:55.000 How are we communicating?

00:33:56.000 On Twitter.

00:33:57.000 What is Twitter doing?

00:33:58.000 Twitter was censoring news that harmed Joe Biden's campaign.

00:34:03.000 So when you have the interests of a private corporation saying, we can control what you see and hear, your politics, your vote, completely meaningless.

00:34:13.000 There could be large swaths, and there probably are, of people in this country with a very particular political opinion, and they're gonna be like, oh, I can't bring that up because, you know, if I try I'll get censored, so I'll opt not to say it.

00:34:24.000 Out of sight, out of mind.

00:34:26.000 There's that saying from Harriet Tubman, I believe it was Harriet Tubman, or I believe it's a real quote, could be apocryphal, I have freed many slaves, I would have freed many more if only they knew they were slaves.

00:34:34.000 If people don't know what they don't know, it just never comes up.

00:34:38.000 And so when you see Twitter censoring the Hunter Biden story, that overtly benefited the Biden campaign.

00:34:45.000 So how can we say that we have any kind of real political system if that's what we're living under?

00:34:50.000 And I agree with you.

00:34:51.000 Giving the government power is no guarantee.

00:34:55.000 They're not going to solve it.

00:34:55.000 We could cross our fingers and be like, well, what if we said, okay, you can break up these companies?

00:34:59.000 They say, oh, okay. We'll break up all the enemies of Twitter.

00:35:01.000 So Twitter becomes the dominant company and you look at what they do to Parler, what they do to Gab.

00:35:07.000 The government will just use their power to benefit their collaborators in the private sector.

00:35:11.000 Right, exactly.

00:35:12.000 And so I don't have a great answer for, OK, well, then what do we do?

00:35:15.000 So for sure, though, I just want to be clear.

00:35:17.000 I'm not saying, hey, they're a private company to do whatever they want.

00:35:20.000 That's not what I'm saying.

00:35:21.000 But I am saying that let's be realistic.

00:35:23.000 Partly why these corporations do pose a threat is because they're in league with states that have armies and prisons behind them and monopoly printing presses.

00:35:33.000 So that's you're not going to like empowering one to keep the others in check.

00:35:37.000 That's certainly not a good solution.

00:35:40.000 Yeah.

00:35:40.000 So.

00:35:41.000 We'll probably have like a Starlink decentralized internet that runs parallel with this corporate internet.

00:35:47.000 And then we'll be able to have like decentralized finance.

00:35:50.000 The problem is the military, if the government controls the military, it's kind of like we are the government.

00:35:54.000 So we give these people authority to make commands for us, but we don't have to do that. 0.98

00:35:59.000 This stupid, this governor in New York that was like, I have signed paperwork to give myself the power. 1.00

00:36:05.000 It's like the most ridiculous statement ever. 1.00

00:36:07.000 Power is granted. 0.98

00:36:09.000 It is not.

00:36:11.000 Going back to what you were saying, Tim, my friend took a picture on the New York City subway.

00:36:17.000 I think I'm getting this right.

00:36:18.000 And it was a three pane thing.

00:36:20.000 You know, it's from like the CDC or something or the New York version of the Board of Health.

00:36:24.000 And the first pane showed two people talking without masks on.

00:36:27.000 Oh yeah, I saw that.

00:36:27.000 And it said bad.

00:36:29.000 And then the middle pane showed them talking with masks better.

00:36:31.000 And then the best was them texting each other.

00:36:33.000 And to me, that had nothing to do with transmission of a virus.

00:36:37.000 That had to do with get people talking through the thing that you're right.

00:36:40.000 They control the flow of information.

00:36:41.000 I have just written a decree granting myself the power to declare Ian must make me a loaf of bread.

00:36:47.000 Oh, I thought you were going keto, but I can't defy that order.

00:36:51.000 I'm not going to eat the bread.

00:36:53.000 Isn't that insane?

00:36:53.000 I grant you that power.

00:36:54.000 If you can just declare you have the power to do it, don't you have the power to do it the entire time?

00:36:58.000 That's how insane this is.

00:37:00.000 They're voted into office to represent us and can be voted out at any moment.

00:37:05.000 Mic drop.

00:37:06.000 The thing is the military.

00:37:09.000 The thing is the military and satellite intervention.

00:37:10.000 If they can watch you from above and see if you're farming on your land and then come in with military, that's messed up.

00:37:16.000 So where does this all lead to?

00:37:18.000 I mean, this is probably one of the most pessimistic, you know, conversations we've had in a while.

00:37:21.000 It's like, you know, Ian, you make a good point about there's, like, politics is not what we think it is.

00:37:27.000 Yeah, that's kind of just distracting us.

00:37:29.000 I feel like that's the bread and the circus, where it's like, who's gonna win the election?

00:37:33.000 Woo! 0.99

00:37:33.000 You can pick of our approved candidates. 0.99

00:37:35.000 And you get the Republican who says, we'll wait a little bit, and the Democrat who says, burn it all down.

00:37:39.000 And then what happens is you vote for the Republicans, and they go, oh, okay, we're gonna resist.

00:37:43.000 We'll be sleeping over there you get the Democrat and they're like great time to start knocking stuff over

00:37:47.000 So there's no real resistance at all And I think that's why they just absolutely despise Marjorie

00:37:52.000 Taylor green and Lauren Boebert not to say that they're you know

00:37:55.000 Changing the game either. Maybe they're just louder voices, but still not enough to actually make it make a difference

00:38:01.000 here, right?

00:38:02.000 And I think that that explains just the hostility to Trump, you know

00:38:06.000 Whether people love them or hate them that he was so out of the mainstay

00:38:11.000 Like he actually was not playing the game according to the standard rules.

00:38:14.000 Normally the Republicans are like, we're so sorry, we're so sexist and racist, but please, you know, give us a chance because we're better on economics than them.

00:38:20.000 and Trump was not playing that game and was going around and so that's why it was just code red

00:38:25.000 establishment in both parties. You know, National Review had a whole issue against Trump. I think

00:38:30.000 some people forget that. Conservative Inc. was not pro-Trump in the beginning. They didn't like

00:38:35.000 him either. He was too much of a wild card and whatever. He wasn't playing the game that they

00:38:38.000 had wanted to play too. And I'm not singing praises to Trump.

00:38:43.000 I'm just saying that you could see how the system is, what it is, and they like that.

00:38:46.000 Yep.

00:38:47.000 Here's two candidates and it's, you know, shade of gray or a shade of gray this way.

00:38:50.000 Choose.

00:38:51.000 And now you're free because you got to pick a person every four years.

00:38:54.000 And to me, yeah, that's why now I think states breaking away or, you know, cities or what have you is the only near term to midterm way to do anything.

00:39:04.000 I don't know, man.

00:39:11.000 I think we're getting to the point where they're losing the ability to control the systems the way we think they would.

00:39:19.000 New Hampshire, for instance, the Free State Project.

00:39:22.000 I mean, these guys are getting more and more people on board with seceding from the union.

00:39:25.000 Now, will that happen?

00:39:27.000 I think it's highly unlikely.

00:39:29.000 But what happens when you have the Free State Project saying, everybody come to New Hampshire, sign a pledge saying, we out.

00:39:35.000 What happens when 80% of New Hampshire is like, yo, we out?

00:39:39.000 And then what happens if there's like mass noncompliance with the federal government's laws?

00:39:43.000 The feds don't have enough people to go in and deal with like, I think New Hampshire only has like 800,000 people in it.

00:39:47.000 Not many, yeah.

00:39:49.000 Yeah, do you want to check the population?

00:39:52.000 But, I mean, how is the federal government going to deal with 800... block the highways or something?

00:39:56.000 Like, what do you do?

00:39:57.000 And it's not just New Hampshire, it's other... I mean, Texas.

00:40:00.000 Texas has constantly pushed those buttons.

00:40:02.000 I don't know... I mean, what do you think?

00:40:03.000 Do you think Texas would ever get to that point?

00:40:05.000 Yeah, I do.

00:40:07.000 Actually, I think it would be sooner than a lot of people think.

00:40:10.000 And you're right.

00:40:12.000 It's to me what they like.

00:40:14.000 Just hypothetically speaking, if two thirds of Texans voted in a referendum that we want to break away, it would be difficult as the U.S.

00:40:22.000 lectures the world about self-determination.

00:40:24.000 You know, what if they just start reading them the Declaration of Independence to them?

00:40:27.000 And so what part of this do you not agree with anymore?

00:40:29.000 You know, and it would be important to To not have any, you know, no violence suggested, just to say, no, we're breaking away so that if Washington starts ordering the Air Force to bomb them, it's going to be pretty clear cut what happened.

00:40:44.000 Right, right.

00:40:44.000 So this is the thing, you know, people often say, oh, the government, the feds would never allow secession because they would send the military in.

00:40:51.000 And I'm like, that would make people more supportive of secession.

00:40:57.000 They would see the aggressor being the federal government going in and rounding people up.

00:41:00.000 They'd see crying babies and screaming women and be like, this is crazy.

00:41:04.000 Like, they didn't even do anything.

00:41:05.000 And I think more and more people would actually... Actually, it's not too similar from the American Civil War with Fort Sumter.

00:41:13.000 When the fighting broke out, I think it was seven other states that were like, whoa, that's crazy, we're out.

00:41:18.000 And then word traveled way slower.

00:41:20.000 In the era of fourth and fifth generational warfare, you've got to have propaganda on your side, which means often, you know, you want to be the victim.

00:41:27.000 Right.

00:41:27.000 You want to be the one getting hit, going, oh, they're attacking me, help me, and then people sympathize with you.

00:41:33.000 So that's why I'm wondering, like, what would happen if New Hampshire said, we hereby secede?

00:41:37.000 It's done.

00:41:38.000 And the federal government says, no, you don't.

00:41:39.000 They say, don't care, not listening.

00:41:41.000 Are they going to send in the feds are collecting taxes or what? Right. So I have done been doing

00:41:45.000 research on like nonviolent resistance, you know, think like like the civil rights struggle.

00:41:49.000 Just to give an example of people, they had training back in the 60s where like when they

00:41:53.000 would do a sit in and they would train the people and say, OK, the mobs are going to come and start

00:41:57.000 punching and screaming and spitting at you. Don't swear at them and just sit there and take it.

00:42:02.000 And then when you have taken too much, we rotate.

00:42:04.000 So the guys on the inside are the circumference now and they take it, you know what I mean?

00:42:08.000 And that was, so it wasn't just, Oh, let's love everyone.

00:42:11.000 No, it was strategic.

00:42:12.000 Cause they knew we're outnumbered, you know, we have to win public opinion.

00:42:15.000 And then enough people watching TV or like, you know, seeing firemen, you know, hose down marchers and you know, I don't know if I'm for that.

00:42:22.000 So you're right with New Hampshire again so and that's why right now again they're making this propaganda effort to talk about all the how the right-wing threat and all these you know I mean because they want the public to believe when they're kicking in doors yep it's because there's all these right-wing kooks who pose a threat not just people who say you know what I want to break away and not not be affiliated with Washington DC anymore You know, I think saying we want to break away is like saying, I'm anti that, I hate that, I'm voting against that.

00:42:45.000 1.36 million in New Hampshire.

00:42:48.000 More than I thought, yeah.

00:42:49.000 You know, I think saying we want to break away is like saying I'm anti that, I hate that,

00:42:55.000 I'm voting against that. Rather than being against it, you want to say we're fixing this

00:43:00.000 American system and then all these people around the country will start doing it together.

00:43:05.000 And that is not going to be considered anti... If you say, I'm breaking away, they're going to say, that's anti-American.

00:43:08.000 And now people would be brainwashed.

00:43:10.000 Fifth generation.

00:43:11.000 But if you say we're fixing this together, that's going to that's going to tweak their minds and make them join you.

00:43:16.000 When you, you know, you make a good point.

00:43:18.000 All of this rhetoric about the far right and everything is getting people ready for when start kicking the doors down.

00:43:23.000 They're going to be like, oh, you know.

00:43:25.000 But New Hampshire.

00:43:28.000 That's going to be a cold splash of water in the face to a lot of people who are like, wait, an entire state is trying to secede?

00:43:35.000 Wait a minute.

00:43:35.000 And I'll tell you this.

00:43:36.000 They're not hearing this when they turn on CNN.

00:43:39.000 So right now, I assure you, most people like I'd be willing to bet.

00:43:43.000 And I would say this.

00:43:45.000 If I was looking at Two options of voting, you know.

00:43:50.000 Does the leftist YouTuber sphere, BreadTube, know about New Hampshire secession, or don't they?

00:43:55.000 I bet they don't.

00:43:57.000 I would say, I will put my chip on they don't know about this, and they're not paying attention to it, and it doesn't matter to them, even though they're supposedly libertarian.

00:44:04.000 Now, I think it's fair to say many of them probably do, but I think it's not part of the conversations they're having.

00:44:09.000 In which case, even to those people who are supposedly, like, more, you know, politically oriented and regular people, none of them are probably seeing the stories in the news about how—I think it's, like, what, up to five reps?

00:44:21.000 I think so, yeah.

00:44:21.000 Five or so?

00:44:22.000 Five was the last time I heard.

00:44:23.000 Four in New Hampshire who are, like, we favor secession.

00:44:25.000 That's a tiny amount relative to the hundreds or so that they have.

00:44:28.000 It's growing.

00:44:28.000 But that's a conversation you think, like, if you, you would think that the state of Jefferson, that several counties in Oregon voted to secede from the state to join Idaho and then Northern California, that there's a county in Northern Colorado that wants to join Wyoming.

00:44:43.000 Yeah, well, Danny.

00:44:44.000 Right, and that, you know, even California's talked about secession, Texas has talked about

00:44:48.000 secession, New Hampshire has filed the paperwork, Texas filed the paperwork before, and there

00:44:52.000 was a poll, I think it was YouGov data we mention often, 37.2% of Americans favor their

00:44:57.000 region breaking off from the U.S. to form a new regional government.

00:45:01.000 I'm willing to bet most people don't know about that, and even political leftists don't

00:45:04.000 know about that.

00:45:05.000 If one of these states did make an actual formal declaration, it would be like them waking up one day with the moon being upside down or something weird.

00:45:15.000 How are we at this point?

00:45:16.000 If the government came and said, it's far-right extremists, they'd be like, all 1 million?

00:45:21.000 1.3 million?

00:45:22.000 It passed by 60%.

00:45:23.000 So you're saying like 700,000 people, 800,000 people are all far-right extremists?

00:45:30.000 Or is that a whole state saying, yo, we out?

00:45:32.000 Right.

00:45:32.000 And to Ian's point, I think you're right.

00:45:34.000 So with my, you know, when I talk about this, like I, so we're using the term secession just because it's very precise and we all know, you know, I'm sure your audience is very informed, but I would call it like the Texas Independence Movement.

00:45:45.000 You know, it's the same thing.

00:45:46.000 Just like technically the 4th of July, they seceded from Great Britain, but we consider it Independence Day.

00:45:51.000 I just thought a good way to do it would be if you set up a smart contract so that your government secedes until your demands are met.

00:45:57.000 The demands could be whatever you want.

00:45:58.000 So like, repeal the Federal Reserve.

00:46:00.000 If the U.S.

00:46:01.000 government does that, we'll come back into the country. 0.80

00:46:03.000 And then you could have a bunch of different communities secede at once with smart contracts set up, ready to reunify.

00:46:09.000 You wouldn't need smart contracts.

00:46:10.000 The problem is confidence.

00:46:12.000 If people, uh, you guys have seen Vendetta, I assume, yeah?

00:46:17.000 You know that scene at the end where, you know, the, um, what's the name of the inspector?

00:46:21.000 I'm not gonna call him that.

00:46:22.000 Daskulm or whatever, I don't remember.

00:46:23.000 I don't remember. 0.83

00:46:24.000 He's like, eventually someone will do something stupid, and then it shows the, uh, the finger man, they call him, and he shoots a little girl, and then all of a sudden everyone starts walking up to him, they have pipes, and he's like, ah, holding his badge, but they don't care.

00:46:34.000 Because that is the point where people no longer have confidence in the system. 0.98

00:46:39.000 In the beginning of the movie, when Natalie Portman's character says, Oh God, you're fingerman!

00:46:43.000 That's her saying she believes in the power of the state and she fears it.

00:46:47.000 The end of the movie is when people say, We don't believe in your power or care about it.

00:46:51.000 So in terms of, you know, breaking away, seceding, peaceful divorce, whatever.

00:46:56.000 If people just don't believe in the power of an institution, it doesn't exist.

00:47:01.000 The reason I bring up smart contracts with, like, your states to say New Hampshire secedes, they have a smart contract ready to bring them back into the union when their demands are met.

00:47:08.000 It's because if some power-hungry monarch came into power in New Hampshire during that process and decided, yeah, you'd repeal the Federal Reserve, but I'm not coming back now, you'd have some strongman.

00:47:17.000 So you want to automate it out of trustless, basically.

00:47:19.000 You can't automate the process by which the public would come to trust the government again.

00:47:24.000 Yeah, it shouldn't be about trust.

00:47:25.000 Well, it doesn't matter.

00:47:26.000 Listen, the point is, if you have, you know, let's say you've got 1.3 million people in New Hampshire, and they do a referendum on secession, and 60% say, OK, we're going to vote.

00:47:36.000 So you're looking at, you know, I guess, what would that be, around 600?

00:47:38.000 Oh, 60%?

00:47:39.000 So maybe 600, 700,000 people.

00:47:39.000 are six to sixty percent so maybe six six six hundred seven hundred thousand

00:47:42.000 people seven hundred or so thousand

00:47:45.000 those people have stated with that vote we have no confidence in in the system

00:47:50.000 You can't then just have a system that automatically turns around one day and says, oh, all of you guys who voted against this, you are now back in the system.

00:47:56.000 They'd say, no, we're not, we don't believe in it.

00:47:58.000 For me, it's not that I hate the United States and that system, but there are aspects of it I want changed. 0.98

00:48:02.000 So as like a, as like a, I don't know what you would say, like I'm, I'm boycotting this stupid government until you fix these things. 0.91

00:48:09.000 I don't want to be gone from the US forever, but I'd be happy to like, you know, put pressure them to fix the system. 0.94

00:48:15.000 So when you're dealing with several hundred thousand individuals, you can't just one day snap your fingers and have all of them agree.

00:48:22.000 If 700,000 people agree, we want out.

00:48:25.000 No matter what happens, there's no point at which you can just turn around and say, okay, now you all hereby agree to like the state and believe in its power.

00:48:31.000 They're gonna be like, no, we still don't believe in its power.

00:48:33.000 I think, I guess part of why I'm pushing this is because I think if they, if they want it out, if you really wanted to get out of the United States, that's not going to happen.

00:48:40.000 The U.S.

00:48:41.000 federal government would demolish any kind of resistance.

00:48:43.000 What would they do?

00:48:44.000 They would send in the federal, they'd block off I-95, and then they would.

00:48:47.000 Bro, I think you need to understand what the free state is.

00:48:49.000 They have satellites, dude?

00:48:50.000 Yeah, I get it.

00:48:51.000 They have jet planes?

00:48:52.000 Like, what are you?

00:48:54.000 The people who are going up to New Hampshire are not mom and pop, like, soccer mom, you know, local mid-managers.

00:49:02.000 These are people who want to live in the middle of nowhere and hunt for their food.

00:49:05.000 These are free-staters who are staunch libertarians and ANCAPs who are going up there being like, good, take it all away, get away from me, I'm gonna grow my own food and get water from the ground.

00:49:14.000 So if the feds came in and said, we're cutting off the supply of TVs, they'd be like, we don't care.

00:49:20.000 They'd find other means.

00:49:21.000 If they blocked off imports?

00:49:23.000 Yeah.

00:49:23.000 So I'm enjoying this discussion.

00:49:26.000 So to your point, that's why in my writing about this stuff, I focused on Texas first, because they've got the two oceans and they've got the border with Mexico.

00:49:35.000 It would be harder, and it's huge too, it would be harder to seal them up.

00:49:38.000 Whereas Florida also, there's many respects in which you might think, yeah, they should go to, you know, President DeSantis or whatever.

00:49:46.000 It would be easier to just do a naval blockade.

00:49:48.000 So I agree with you, it would be tricky.

00:49:50.000 But again, if they did it peacefully, and their only crime was to say, we're breaking away, we're not sending money to Washington anymore, and they send in tanks and starve them into submission, that might be a PR disaster.

00:50:02.000 And there would be so much guerrilla media showing You know what I mean?

00:50:05.000 Like, right now, American troops doing atrocities overseas, if they were doing it in New Hampshire, that might not play with a lot of people.

00:50:12.000 I mean, you'd probably get sanctions on the US.

00:50:15.000 All of a sudden, massive G7 trade partners would be like, we will not be trading with you until you stop doing what you're doing.

00:50:22.000 Now, you're right.

00:50:24.000 They could get away with it if they found all these right wing depots of munitions.

00:50:29.000 And you know what I mean?

00:50:29.000 Like if the government could plausibly claim either because of the false flag or because there really were people who decided, you know, I'm sick of this.

00:50:37.000 They've got MSNBC.

00:50:39.000 It would be a total PR nightmare for the New Hampshire people.

00:50:41.000 It would be terrible.

00:50:42.000 So it would be it would be, you know, a Control of the narrative.

00:50:46.000 You know the funniest thing about a New Hampshire secession is?

00:50:48.000 It would basically sever Maine from the contiguous United States.

00:50:50.000 them because then it would be like who are they going to appeal to?

00:50:53.000 Canada?

00:50:54.000 I don't think so.

00:50:55.000 China probably.

00:50:56.000 You know the funniest thing about a New Hampshire secession is it would basically sever Maine

00:50:59.000 from the contiguous United States.

00:51:00.000 Yeah, it can't happen.

00:51:01.000 They wouldn't let that happen.

00:51:02.000 Right, right.

00:51:03.000 Of course.

00:51:04.000 But I'm curious as to what their tactic would be.

00:51:06.000 Probably, I'd imagine, at this point, it would be to flood the zone with money and resources to drown out any conversation about a free state.

00:51:13.000 But I gotta tell you, a grassroots movement is something powerful.

00:51:17.000 If more and more people keep flooding up to New Hampshire for the Free State Project, no amount of money is gonna shut that down.

00:51:22.000 Right.

00:51:23.000 And at the very least, that's where I think it's worthwhile.

00:51:26.000 Like, you know, shows like this, people talking about it just to because I'm curious to hear, like the people who, you know, work for Vox or The New York Times, just get them on record to say hypothetically, if two thirds of Texans voted to break away, would you let them go or would you think they should send an airstrikes and tank?

00:51:42.000 You know, I mean, just to have them on record, because how could they say or maybe they would say, yeah, we wouldn't let them do that.

00:51:46.000 We talk about we're at a point.

00:51:48.000 I'd be willing to bet, if we went and polled Democrats, should Republican states be allowed to secede?

00:51:56.000 They'd say yes.

00:51:58.000 I think you will see a large portion say, yes, let them go.

00:52:01.000 Now, a year or so ago, there was data from the New York Times on this, and I think it was something like 30% said, yes, they can go.

00:52:11.000 Like 60-some-odd percent said, overwhelmingly, no, they can't leave the union.

00:52:15.000 I think that's changed, you know, a year on now, especially as things are going.

00:52:19.000 I'll tell you this.

00:52:20.000 Come 2022, if Republicans end up taking large portions of the House and they end up gaining control back, then you're going to see the sentiment flip.

00:52:28.000 And leftists are going to be like, get them out!

00:52:31.000 Right.

00:52:31.000 We already saw that Podesta thing, from the Boston Globe, that John Podesta said the West Coast should secede from the Union if Donald Trump wins.

00:52:39.000 What happens when Trump wins again?

00:52:40.000 Joe Rogan, in the news, simply for stating his opinion, I love how this always happens, Joe says he thinks Trump's gonna run, Trump's gonna win.

00:52:47.000 If that happens, the left is gonna be like, how about we let you secede instead of letting Trump be president, and then what?

00:52:53.000 How does that happen?

00:52:54.000 Right, and that's some of the arguments I've been making too, is to say to what's called blue state voters, just for lack of a better term, Suppose it were Texas and they wanted to break away.

00:53:04.000 Let them go because all the people in your state, you know, if you're in California or some other blue state, New York, whatever, a lot of people would move to Texas then.

00:53:11.000 So you get rid of them, you know, those gun nuts or the people who don't want to get vaccinated, get them away from you and go.

00:53:17.000 If Texas did leave the union, Democrats would never lose a presidential election, right?

00:53:21.000 For the remaining, you know, US system.

00:53:23.000 So it's kind of a win win.

00:53:25.000 And that's not like a paradox, like, you know, Army's agree to not use poison gas against each other.

00:53:29.000 You know, I mean there are things that and this would avoid a lot of conflict So I to me it's and I'm not just trying to like trick the left or something I'm saying no, it's wouldn't can't we all agree if Texas wants to leave let him go that's better for everybody But look we end up seeing Sarah Silverman I'm more into the peaceful separation, which is why I bring up the smart contract civil disobedience angle, because you can leave and then come back.

00:53:49.000 say peaceful divorce? I think so. That means she must be listening to Michael Malice. I'm

00:53:52.000 more into the peaceful separation which is why I bring up the smart contract

00:53:56.000 civil disobedience angle because you can leave and then come back when you

00:53:59.000 divorce it's gone forever. No Ian you're not understanding.

00:54:02.000 Like, we're talking about if... Like, why do you believe US dollars are valuable, right?

00:54:08.000 Because you can go to the store and... I can buy stuff with it, yeah.

00:54:10.000 What if one day the clerk said, I don't want your money, it's not worth anything to me?

00:54:13.000 That'd be useless, though.

00:54:14.000 Would there be one day where you convinced him, no, the smart contract changed, therefore you have to take it now?

00:54:18.000 He'd be like, get out of my store.

00:54:20.000 What do you mean by that?

00:54:20.000 What do you mean?

00:54:21.000 Let's say you have 800,000 people all say one day, we no longer want to accept U.S.

00:54:27.000 dollars.

00:54:28.000 We think it's valueless.

00:54:29.000 And then you're like, but we'll do a smart contract that says as soon as the Fed's gone, we'll all take this back.

00:54:35.000 And then one day the system comes back and the smart contract flips, and now everyone is mandated to accept dollars again.

00:54:41.000 And you walk into the gas station.

00:54:42.000 Do you think that clerk will just change his mind?

00:54:45.000 Or do you think he's going to be like, I said I don't take that money anymore.

00:54:48.000 Get out.

00:54:49.000 I see what you mean that people are going to do what they're used to doing regardless of what the law says.

00:54:54.000 system, if the confidence breaks, there's no reversing it.

00:54:57.000 I mean maybe over a few decades and a few generations you can rebuild that network,

00:55:01.000 but it doesn't work that way.

00:55:02.000 I see what you mean that people are going to do what they're used to doing regardless

00:55:04.000 of what the law says.

00:55:06.000 But if you could digitally, because things are going digital now, if you could just digitally

00:55:11.000 kind of just change the money, like so you're using US dollars now, tomorrow you're using

00:55:15.000 Texas dollars.

00:55:16.000 And then when they finally repeal the Federal Reserve, you're using US dollars again.

00:55:22.000 I mean, I think that sounds like a pipe dream.

00:55:24.000 I think seceding peacefully is a pipe dream because there's no way the most powerful military that's ever existed would let a piece of their economy just walk away.

00:55:33.000 I agree.

00:55:34.000 Like in Oregon, these counties want to secede as if Portland's going to let their serfs go.

00:55:41.000 Look, let me pull up this story, all right?

00:55:43.000 And we'll talk about how bad it is.

00:55:46.000 Maybe this story isn't the perfect example.

00:55:47.000 We got this from Daily Mail.

00:55:48.000 Republicans block bill to avoid the government shutdown.

00:55:51.000 Senate votes 48 to 50 to sink funding bill with GOP, leaving it to Democrats to raise the debt ceiling.

00:55:58.000 So the U.S.

00:55:59.000 is on the verge of default.

00:56:01.000 Has this ever happened before?

00:56:03.000 The actual default?

00:56:04.000 Yeah.

00:56:04.000 No.

00:56:05.000 The debt ceiling arguments always happen.

00:56:07.000 Yeah.

00:56:07.000 Happens all the time.

00:56:08.000 And the Republicans always and the Democrats always say, like, I'm going to block you so they can try and get leverage, right?

00:56:13.000 So this isn't, would you call this situation, like, remarkable in any sense?

00:56:17.000 I haven't seen anything that sets this apart qualitatively from previous episodes, if that's what you're asking.

00:56:22.000 What would happen if we did default?

00:56:22.000 Yeah.

00:56:25.000 So, I mean, I heard, you know, these was a Chuck Schumer was was I don't know if it was today or yesterday when he was going through this.

00:56:32.000 Oh, nine percent unemployment.

00:56:33.000 And no, I mean, I think the U.K.

00:56:38.000 government in the 70s defaulted technically on some of their bonds.

00:56:41.000 So it's not inconceivable that even major governments do this.

00:56:45.000 And so, you know, I don't have a crystal ball.

00:56:48.000 It would certainly shock people.

00:56:50.000 They're not expecting the U.S. 0.76

00:56:51.000 government to do that. 0.97

00:56:52.000 But All that would mean is people would be less willing to lend money to the federal government.

00:56:57.000 And since the federal government, in my opinion, is doing all sorts of lawless, criminal things with that money, that wouldn't be such a bad thing if people stopped lending it money on such easy terms in the future.

00:57:06.000 I have a crystal ball for you, one second.

00:57:09.000 Okay.

00:57:09.000 A crystal ball.

00:57:11.000 Ian, there's two crystal balls.

00:57:13.000 I'm only buying it if we write up a smart contract, though.

00:57:15.000 I want a protection.

00:57:17.000 Ian actually is bringing a crystal ball over for Robert.

00:57:20.000 Is this so you can make predictions on the economy?

00:57:22.000 Perfect.

00:57:23.000 I also drink a lot of eternal reds.

00:57:27.000 I don't think it's actually a crystal ball.

00:57:29.000 But I wanted to bring this up because I want to stress, we hear this all the time.

00:57:35.000 Like the Republicans are like, we're going to block it.

00:57:37.000 And there's a government shut down and everyone rolls their eyes.

00:57:39.000 But right now it's kind of the worst possible time for this to be happening.

00:57:42.000 There's no unity.

00:57:43.000 We're at a point now where healthcare workers are being fired.

00:57:47.000 Police are resigning in mass.

00:57:49.000 The economy is well, actually, let me ask you this question.

00:57:52.000 Is the economy good?

00:57:54.000 No, I like to cite this metric where civics data shows that independent voters, Republicans, say the economy is not good.

00:58:03.000 Democratic voters say the economy is fairly good.

00:58:05.000 And I'm like, what universe do these people live in where they think this is a good economy when you have 10.9 million job openings, people aren't taking them? 0.99

00:58:12.000 And so I look at this and I'm like, There's no, there's no unity, even now amidst this economic crisis, shortages, fuel shortages, labor shortages, that the politicians are going to are going to keep playing the same stupid games. 0.80

00:58:25.000 So I'm curious if, you know, you said you don't see this as remarkable at all, but I don't know. 0.87

00:58:32.000 Is there anything here to indicate that it's getting worse?

00:58:37.000 So let me just briefly make my standpoint about Republicans.

00:58:41.000 They always annoy me with this thing, because Republicans, you know, since you and I were kids, I think we're close in age, they always talk about, oh, we want to have a balanced budget constitutional amendment.

00:58:50.000 All they would have to do is not raise the debt ceiling.

00:58:53.000 And then you would have to have a balanced budget, because all that means is the Treasury is not allowed to allow or sorry, is not allowed to let the amount of outstanding public debt get higher than this number.

00:59:02.000 I do feel like we're getting to a point where there's probably a lot of conservative voters, populists, who are like, default.

00:59:06.000 And that doesn't take a constitutional mess.

00:59:08.000 So it just proves they like posturing and being for small government or fiscal responsibility.

00:59:13.000 But every time they raise the debt ceiling, they're authorizing more deficit spending.

00:59:17.000 I do feel like we're getting to a point where there's probably a lot of conservative voters,

00:59:22.000 populists who are like default.

00:59:24.000 Do it.

00:59:25.000 Right.

00:59:26.000 So, yeah, Murray Rothbard's written on this.

00:59:27.000 I'm sure other libertarian economists have as well, that it does at first sound like

00:59:30.000 irresponsible or something.

00:59:31.000 What does that mean?

00:59:32.000 What?

00:59:32.000 What what?

00:59:34.000 What the government's doing when it doesn't default, it's appointing guns and threatening jail time to people who had nothing to do with the transaction to take money against their will to give as interest payments to people who voluntarily bought treasuries, who lent money to the government.

00:59:49.000 And so to default means that you're not coercing people to pay to those who voluntarily lent money to the government.

00:59:55.000 How is that?

00:59:56.000 You know, so morally, that's not it.

00:59:57.000 It sounds like what you're saying is the right business to be in is lending money to the government.

01:00:02.000 If they're going to go point guns at other people on my behalf, hey, I'll be on the back of that gun and stand in front of it.

01:00:08.000 And what's funny is even a lot of people who are very, you know, like minarchists are very small government people, usually in terms of the list of things that they would think the government should stop.

01:00:08.000 Sure.

01:00:16.000 You know, there's a, oh yeah, no, you know, aid to foreign countries and, you know, the government shouldn't be in higher education.

01:00:21.000 They either go down the list, but usually paying interest on the outstanding debt is something that everybody agrees the government should do that.

01:00:27.000 And yet that's the one area where those people volunteer, you know, you voluntarily lend money to a corporation.

01:00:33.000 If they don't pay you back, tough.

01:00:35.000 And so, hey, you lent money to Uncle Sam and now people don't want to give him more money and he's got a budget crisis.

01:00:41.000 Why is it so assumed that you get paid first?

01:00:44.000 What would happen if the U.S.

01:00:45.000 government defaults on the debt to the Federal Reserve and they just say, we're not paying you back ever.

01:00:49.000 Federal Reserve goes bankrupt.

01:00:50.000 And then the U.S.

01:00:51.000 government's like, here's our new currency.

01:00:53.000 OK, yes, that's an interesting question.

01:00:55.000 So I know you guys know this, but just for the benefit of the listener.

01:00:58.000 So, yeah, a large portion of the outstanding Treasury debt, you know, so the U.S.

01:01:03.000 Treasury owes money to people.

01:01:05.000 They have bonds.

01:01:06.000 And some of the one owner of that is the Federal Reserve.

01:01:09.000 And so what, yeah, what would people do ask?

01:01:11.000 What would happen if the Treasury just said, you know what, why don't we just write off $2 trillion and we're not paying that?

01:01:18.000 So technically, that would make the Federal Reserve insolvent.

01:01:21.000 They would be bankrupt.

01:01:22.000 You know, their assets would be lower than their liabilities at that point.

01:01:25.000 But they could still create money electronically.

01:01:27.000 I mean, I don't think they would say, well, the jig is up.

01:01:30.000 You know, they would just keep operating.

01:01:32.000 The $20 trillion debt that we owe, isn't that all Federal Reserve notes?

01:01:37.000 No.

01:01:38.000 So it consists, legally speaking, in bonds.

01:01:43.000 So those are conceptually two separate things going on.

01:01:47.000 Can you explain the difference?

01:01:48.000 Sure.

01:01:48.000 So if the federal government wants to spend $2 trillion, you know, they want to spend $10 trillion and

01:01:55.000 only have $8 trillion in tax revenue.

01:01:56.000 They need to borrow $2 trillion extra. They issue bonds to borrow those from lenders. And

01:02:02.000 what the people are holding then is a bond. So you can't go to the grocery store and buy food

01:02:07.000 with a Treasury bond. But the people that are lending the money to the government,

01:02:11.000 isn't that Federal Reserve notes that they're lending to the government?

01:02:13.000 It's either electronic or yes, technically, but this technically the same notes could be

01:02:18.000 circulating in the economy and you could be accumulating Treasury debt.

01:02:21.000 Can you transfer a treasury bond?

01:02:23.000 What do you mean by that?

01:02:24.000 Can I, like, sign it over to you?

01:02:26.000 Yeah.

01:02:27.000 So, theoretically, you could buy groceries with it.

01:02:29.000 You could if they would accept, but you could buy groceries with chickens and stuff too.

01:02:32.000 Exactly.

01:02:33.000 Yeah.

01:02:33.000 Right.

01:02:34.000 So it's an asset.

01:02:34.000 It's a very liquid asset.

01:02:36.000 Yeah.

01:02:36.000 You could, but I'm saying it's not, it's not money per se.

01:02:39.000 I guess it seems like it's all Federal Reserve debt because if you're going to issue a bond, you're the government, you're going to issue a bond to somebody that lends you money.

01:02:47.000 They're just lending you money that had been printed by the Federal Reserve anyway.

01:02:50.000 OK, but by the same token, like if Google issues bonds, technically they're borrowing U.S.

01:02:57.000 dollars, too.

01:02:57.000 That doesn't mean all private sector debt is just Federal Reserve notes.

01:03:01.000 But all U.S.

01:03:02.000 dollars are Federal Reserve promissory notes.

01:03:04.000 You understand, like if the U.S.

01:03:05.000 government says, hey, Ian, if you sweep my floor, I'll owe you ten bucks.

01:03:09.000 You're not the Federal Reserve.

01:03:10.000 They owe you ten bucks.

01:03:11.000 Right.

01:03:11.000 Or if Tim just lends you a hundred dollar bill and you sign something saying I owe you a hundred dollars, he paid you with a Federal Reserve note.

01:03:17.000 But that's not that that debt now is You know, the property of the Federal Reserve.

01:03:21.000 So I'm just saying there is an interplay.

01:03:23.000 Don't get me wrong.

01:03:24.000 But I'm just saying, conceptually, they're distinct things.

01:03:27.000 But yes, if like you were saying, Tim, if the if the Treasury defaulted on the debt that the Fed owns, it's interesting.

01:03:35.000 I mean, technically, what would happen is then they wouldn't have the ability.

01:03:38.000 If inflation gets if price inflation gets out of hand, the way the Fed can try to dampen that is they sell off And the other thing, too, you've got to understand is that the U.S.

01:03:48.000 has to maintain confidence in the U.S.

01:03:50.000 well if some of their assets disappeared because the Treasury defaulted on them.

01:03:54.000 So that's part of the issue is the Fed would be less able to control price inflation.

01:03:59.000 And the other thing too is you got to understand is that the U.S. has to maintain confidence

01:04:03.000 in the U.S. dollar and by military force if necessary.

01:04:06.000 So they wouldn't just ever be like, OK, Fed, we're done.

01:04:09.000 We're not doing U.S. 1.00

01:04:11.000 Federal Reserve notes anymore.

01:04:11.000 We're going to do Fed coin, because then China is going to be holding a bunch of toilet paper and they're going to be like, hey, we're not trading with you unless you accept what you've given us or what you owe us.

01:04:21.000 So it's not just it's an interconnected system.

01:04:24.000 I mean, if the U.S.

01:04:25.000 wanted to go full-on isolationist, self-sustainability, like, just no more conversations, oh, they could do that and be like, hey, everybody, congratulations, we're issuing, you know, AmericaCoin.

01:04:35.000 That's the currency of this country.

01:04:37.000 U.S.

01:04:37.000 dollars are gone.

01:04:38.000 China can screw itself.

01:04:39.000 Well, what you could do is every U.S.

01:04:41.000 dollar that China owes or has, you could just give them a U.S.

01:04:45.000 coin for.

01:04:46.000 And so we'd have like 28 trillion coins to start.

01:04:49.000 It's a little excessive, but whatever.

01:04:50.000 They got us into this situation.

01:04:52.000 There are rumors about cryptocurrency.

01:04:54.000 Have you heard of FedCoin?

01:04:55.000 Yeah.

01:04:56.000 Are they calling it FedCoin or what are they calling it?

01:04:58.000 I don't think they're calling it.

01:04:59.000 I think the cynics do.

01:05:01.000 USBC, I think.

01:05:03.000 United States Bank Coin, I think is what it's called?

01:05:04.000 Yeah, I don't know.

01:05:05.000 I don't know off the top of my head what the official term is.

01:05:07.000 Just like QE, the Fed never called those programs QE.

01:05:10.000 That was just like Wall Street dubbed them.

01:05:14.000 When we inflate our currency, when we pump out new dollars and stuff like that through quantitative easing, right?

01:05:19.000 So how does that work?

01:05:21.000 OK, so the Federal Reserve just buys assets electronically and then in the act of doing that.

01:05:28.000 So if the Fed wants to buy a billion dollars worth of mortgage backed securities, it writes a check.

01:05:35.000 Then that check by law clears.

01:05:37.000 Right.

01:05:37.000 Manifests.

01:05:38.000 Because the bank, you know, like Citibank, you know, the seller of the bonds deposits the check from the Fed, and then Citibank says to the Fed, we got a check from you for a billion dollars to this client.

01:05:49.000 And the Fed says, yep, that's good.

01:05:50.000 So the Fed just adds a billion dollars to the electronic balance for Citibank, and then Citibank adds a billion to the deposit of that client.

01:05:59.000 So it just magically... Money is fake!

01:06:01.000 The money supply went up by a billion dollars.

01:06:02.000 And so when inflation comes natural from that, I have to imagine, you know, China and other countries are like, hey, yo, what the hell?

01:06:07.000 Because we have debt and you're devaluing the debt we have with you.

01:06:10.000 So they get pissed off about that.

01:06:11.000 Yeah, it's China and other big holders.

01:06:14.000 They're in this weird position where I think they want to diversify out of it.

01:06:18.000 But yet if they just say to the world, you know, we don't trust the dollar anymore, then it could crash it.

01:06:22.000 And so it's a weird it's sort of like if Bill Gates wanted to sell Microsoft stock, you know, he'd have to You know, go through a divorce or just divest himself because of, you know, charitable concern.

01:06:31.000 So there was a lot of people say that's why I did it.

01:06:33.000 Correct me if I'm wrong, but there was a time when in order to expand the money supply, they had to find more gold.

01:06:39.000 When they're making gold coins and silver, they were like, if you don't have the materials to make it, you can't make it.

01:06:44.000 So I'm sure everybody is vaguely aware of the gold standard and how, you know, Nixon ended.

01:06:44.000 Right.

01:06:49.000 But actually, to me, the really cool period was original with the constitutional founding in the late 1780s up through the right before the Civil War.

01:06:59.000 The U.S.

01:06:59.000 federal government did not issue paper dollars.

01:07:03.000 It what they did is they said, if you want dollars, you have to bring in a certain amount of raw gold or silver, and we will stamp them at U.S.

01:07:10.000 mints into coins that say, you know, $20 or $1 if it's silver.

01:07:15.000 And so the public, in a sense, determined the quantity of dollars in existence.

01:07:20.000 Based on those legal rates, you know, they announced the ratios, of course.

01:07:22.000 It's basically like the government was certifying this was the true and correct way to do it.

01:07:26.000 Exactly, right.

01:07:27.000 So the money was gold and silver, and that's how Mises and other economists of the time thought of it.

01:07:33.000 They thought gold and silver were the actual money.

01:07:37.000 And you're right, the government, all it was doing was certifying.

01:07:39.000 Doesn't the Constitution say that?

01:07:40.000 Right.

01:07:41.000 So that's the thing, too.

01:07:42.000 Like, it gave the government the authority to coin money.

01:07:45.000 It didn't mean to print up fiat dollars.

01:07:47.000 It meant, like, it was the same way, like, it could set weights and measures.

01:07:51.000 So it could say, like, 12 inches is a foot.

01:07:52.000 You know what I mean?

01:07:53.000 Just to sort of allow commerce to flourish by having standard units.

01:07:57.000 This is what we mean by a dollar.

01:07:59.000 It's this many grains of gold.

01:08:00.000 So the Fed right now can simply say, hey, Ian, you got a billion dollars.

01:08:05.000 And that's it.

01:08:06.000 He has a billion dollars.

01:08:07.000 Yes, but they wouldn't just give it to them, they would buy something for it because they're not done.

01:08:10.000 They're gonna get a billion dollars or something.

01:08:12.000 They could give it to me though if I was a friend of a friend or something?

01:08:14.000 They could buy the crystal ball from you and say it's a million dollars or a billion dollars and buy it and acquire it and that's the way they could funnel it to you.

01:08:21.000 What about like my work?

01:08:22.000 Like a nice jolly hello is like I'm now giving them some advice and they can give me a billion dollars for that?

01:08:28.000 So economically there would be nothing stopping them.

01:08:30.000 I think there might be statutes about, you know, they couldn't just pay you for a service.

01:08:34.000 We talked about this on one show where I was buying something from a bank.

01:08:40.000 I had to do a wire transfer from one bank to another.

01:08:45.000 So I bought a truck.

01:08:45.000 We bought a truck for our mobile production studio.

01:08:47.000 And then one day I get a call from this bank and I'm like, they have no business to call me because I settled that debt.

01:08:52.000 But then eventually I decided to check my messages and they're like, we're calling about an outstanding debt you have.

01:08:57.000 So what happened was Bank A transfers money.

01:09:00.000 I said, here's all the information that was provided for me and it was all true and correct.

01:09:04.000 They say, okay, the wire transfer has been initiated.

01:09:06.000 It should clear soon.

01:09:09.000 The other bank that was supposed to receive it said, we never got it.

01:09:13.000 We have never received that, that wire.

01:09:15.000 So then I'm like, okay.

01:09:16.000 So I called my bank and they're like, no, we have it right here written down.

01:09:19.000 The money's gone.

01:09:19.000 And I'm like, then where's the money?

01:09:20.000 And they're like, it's gone.

01:09:21.000 It just literally doesn't exist.

01:09:24.000 So if the banking system is literally just one bank writing down a number and saying you have it, the other bank writing down a number saying you don't have it, and if one bank fails to write down a number, then the money is just gone.

01:09:43.000 Eventually, I contacted somebody, and they told me, you know, they ignored me.

01:09:47.000 And then I tweeted about it, and that's the magic word in today's, you know, fascistic social dystopia, where if you have enough followers, you can tweet your problems away.

01:09:57.000 I'm fortunate enough to have been able to be like, hey, bank, what's going on?

01:10:00.000 Where's my money?

01:10:01.000 And then immediately I get like a liaison, like, we're so sorry, Mr. Poole.

01:10:04.000 We'll resolve this for you.

01:10:05.000 And then they eventually said, okay, okay, we figured it out, and don't worry about it.

01:10:09.000 But the crazy thing is, for a regular person, If you have two banks and one bank says, we went into your bank and hit delete on that amount, it's gone.

01:10:19.000 You can't do anything about it.

01:10:20.000 Yeah.

01:10:20.000 I mean, and there is in a very legitimate or not legitimate, that makes it sound like it's okay.

01:10:25.000 In a very real sense that like a bank, when it grants a mortgage to somebody, there is a sense in which, you know, M1 is the term, like that's the measure of the money supply that literally went up.

01:10:35.000 Like the way economists measure how many dollars are in existence.

01:10:37.000 And so the commercial banking system can expand and contract the money supply through lending for mistakes, like in your case.

01:10:44.000 Yeah, when they do loans, that money comes from nowhere, right?

01:10:49.000 Right.

01:10:49.000 So, I mean, it's, there's constraints.

01:10:51.000 They can't just create a trillion dollars.

01:10:53.000 Like there's things that would happen.

01:10:54.000 The reserves will get drained.

01:10:55.000 But, but yeah, strictly speaking, there's nothing in the accounting.

01:10:57.000 Like when a bank makes a loan, it's qualitatively different from like if, if the bar or something just gives you a drink and puts it on your tab.

01:11:06.000 Like there's a sense in which they're creating more dollars.

01:11:08.000 Basically, you know, Ian says he wants to buy, you know, my bottle of water, uh, or, you know, this, this bottle of water.

01:11:15.000 And so I say, okay, I'll give you a loan to purchase it.

01:11:19.000 I as the bank then just type in to the owner's account, you have a dollar.

01:11:25.000 And then Ian owes me a dollar, but I never actually transferred a dollar to anybody, right?

01:11:30.000 Yeah, so maybe the way to think about it is, because remember we were talking about you couldn't use a treasury bond to go to the grocery store?

01:11:36.000 You can go and buy, you know, you can use a $20 bill, like a Federal Reserve note, right?

01:11:39.000 That's money.

01:11:40.000 But you can also, if the bill's $20, you can take out your bank debit card and swipe it, And technically what's happening is, you know, Bank of America, let's say, is saying, oh, right now Tim Poole has, whatever, $1,000 in his checking account.

01:11:53.000 He swiped that, so now we'll say he only has $980, and we'll credit you, you know, Kroger or whatever the grocery store is around here, an extra $20 in your checking account.

01:12:03.000 And so you're right.

01:12:04.000 But that's a checking account.

01:12:05.000 Right, but I'm saying that no, they didn't need to do anything, like it's just on their computer.

01:12:09.000 What I mean is if you use, so what I've been told is that when you use a credit card, there's no actual transfer of funds.

01:12:15.000 The credit card swipe literally just gives $20 to the other person's account, and then nothing is subtracted from anywhere.

01:12:21.000 Okay, so where I was going with that is to say, so you can see, the grocery store does consider what Bank of America says as people, like, how much money we owe you.

01:12:30.000 If you showed up and wanted to empty your checking account, we would give it to you, and people treat that as as good as Federal Reserve notes.

01:12:36.000 Right.

01:12:37.000 So that's different from just, you know, you giving them that bottle of water and him saying, I owe you, what, $10 or whatever.

01:12:42.000 Like when a loan is given to somebody, that money is created.

01:12:47.000 Right.

01:12:48.000 And the reason there's a distinction with what the commercial banks do is because, for various reasons, the merchants in the community treat IOUs from the banks as being interchangeable or fungible with Well, let's put it this way.

01:13:06.000 Let's say a bank, so it's what they can lend out like nine times, or 90% of their existing cash reserve?

01:13:14.000 Well, that used to be the case.

01:13:15.000 The Fed got rid of the reserve requirements.

01:13:17.000 So that particular thing is now technically... Why do they do that?

01:13:20.000 They did.

01:13:21.000 It was like in April.

01:13:23.000 It was right after the coronavirus thing hit.

01:13:25.000 Wow, really?

01:13:26.000 And this is funny.

01:13:27.000 They announced it on a Sunday night, and in the press release, you had to go read the follow-up.

01:13:33.000 Like, it just said, we've made some other changes, and you had to go read the follow-up press release to see that they got rid of reserve requirements in 2020.

01:13:39.000 So does that mean they can just literally create money at any point for any reason?

01:13:43.000 Okay, so that's what I was saying before.

01:13:45.000 So there's no statutory legal constraint on what they can lend, but there is a mechanism.

01:13:51.000 So if they lend out too much money, you know, like people want to buy homes and they'd lend out a trillion dollars for people to go buy homes, people go and write checks in that.

01:13:59.000 Let's just, I want to make sure we're getting this clear is what I'm trying to get at.

01:14:02.000 I don't understand.

01:14:03.000 The bank isn't giving you money.

01:14:05.000 The loan manifests the money upon signature.

01:14:08.000 Like the money is created out of thin air for the loan's purpose.

01:14:13.000 Right.

01:14:14.000 Okay.

01:14:15.000 So like basically the bank doesn't, doesn't actually go to its coffers, take a dollar out of its piggy bank and hand it to you.

01:14:21.000 They just write it on a piece of paper.

01:14:23.000 They just, they just poof, a dollar's there.

01:14:25.000 They credit your account with, you want to go buy a car, it's $20,000 and you apply for a loan.

01:14:30.000 So that expands the money supply by $20,000.

01:14:32.000 Right.

01:14:32.000 But I don't want your listeners to take what I'm saying too far.

01:14:37.000 There are constraints because if they're too reckless, any one bank, if it expands too much, when there's clearing house transactions with other banks, you know, so the car dealership that now you deposit that check for $20,000 that was created out of thin air electronically, That dealerships, if they have a different bank, when they go to settle up with your bank, they're not just going to say, oh, Bank of America is good for it.

01:14:58.000 They're going to say, send us Federal Reserve notes, or they're going to actually say, you know, with your account with the Fed and our account with the Fed, settle up with us.

01:15:05.000 So there is a constraint, ultimately, that it's called having reserves.

01:15:10.000 So the commercial banks can't create Federal Reserve notes and they can't compel the Fed to credit their own checking account with the Fed.

01:15:17.000 So the Fed can do whatever it wants, because there's no one above the Fed.

01:15:20.000 The Fed just, if it creates money, creates money, period.

01:15:23.000 The commercial banks, there is a sense in which by making a loan, they do it.

01:15:25.000 But if they do it too aggressively, the chickens come home to roost.

01:15:28.000 Is this intentionally confusing?

01:15:30.000 Yes, and I'm sitting here trying to decide how much detail to get into or not, because I don't want to say something that, taken out of context, sounds like I'm saying something wrong.

01:15:37.000 But yes, there is a sense in which they can create money.

01:15:39.000 Commercial banks do have limits.

01:15:41.000 The Fed has no limit.

01:15:43.000 The only limit on the Fed is just that price inflation gets too high.

01:15:46.000 These local banks literally be like, I'm going to create a $100 bill for you, Ian, so you can buy that, you know, expensive champagne.

01:15:55.000 Yes, there's nothing stopping them except if they do that too much.

01:15:58.000 So that's money they create. 0.89

01:16:01.000 When Ian pays them back, where does that money go?

01:16:04.000 So if they don't relend the funds out, that money gets destroyed.

01:16:07.000 And so that's the sense in which the commercial banks expand and contract credit.

01:16:10.000 And that's why Mises, that was his theory of the business cycle, incidentally, that the commercial banking system, they push down interest rates, expand credit, causes a boom.

01:16:18.000 They chicken out for some reason.

01:16:20.000 They raise interest rates, contract credit.

01:16:21.000 The supply of money in a very real sense decreases and that causes a crash.

01:16:26.000 That removal of the reserve requirements sounds like the U.S.

01:16:30.000 dollar is worthless and on the verge of imploding.

01:16:34.000 So I'm surprised more people didn't notice it and make a big deal out of it.

01:16:37.000 And it's part of the reason they didn't is because since the 2008 financial crisis with all the rounds of QE, as you may know, the banks were just sitting on excess reserves like they were.

01:16:48.000 They had money pumped in by the Fed and then they didn't lend out, like you said, like the 10 times multiple they normally could have.

01:16:55.000 And so when the Fed got rid of those reserve requirements, it didn't change any of the legal obligations.

01:17:00.000 In other words, the banks already were well above what the requirements were.

01:17:03.000 So getting rid of the reserves didn't constrain them.

01:17:06.000 But you're right.

01:17:07.000 So some other countries don't have reserve requirements, too.

01:17:09.000 So it's not like this is the one country where that's the case.

01:17:12.000 Yeah, but it is a petrodollar country.

01:17:14.000 Yeah, but it is.

01:17:16.000 Right.

01:17:16.000 I was alarmed by it.

01:17:17.000 And like I said, the way the Fed I'm buying more Bitcoin!

01:17:20.000 They did it on a Sunday night, and it was under the radar, and so the announcement... They also removed the limits on savings accounts, converting them into checking accounts, basically.

01:17:27.000 Is that what happened?

01:17:29.000 Right.

01:17:29.000 Yep.

01:17:31.000 What does that mean exactly?

01:17:33.000 You, uh, well, you could explain it.

01:17:34.000 I'm not going to.

01:17:35.000 So they, they made a change where, um, I believe before it was, if you had, it was technically a savings account, you could only move money from that and your checking account six times per month.

01:17:46.000 And they got rid of that rule so that there's really in practice now, no distinction between checking and savings accounts.

01:17:52.000 So basically savings were like considered not in the money supply because you have a limit, six transactions per month from savings to checking.

01:17:59.000 And it was supposed to be at savings, you know, higher interest and you put it in savings.

01:18:02.000 Then they said no more, which means...

01:18:06.000 All of a sudden, the money supply exploded.

01:18:09.000 And everyone's like, you've seen the M1 money stock just skyrocket, and everyone's like, you gotta understand, Tim, this is funny, they were like, you're misunderstanding this.

01:18:16.000 They're not, it's not an explosion in the money supply, they just changed the way they describe checking and savings, and I'm like, yo, they just said to extract your savings like it's your checking.

01:18:27.000 That is an explosion in the money supply, and it's extremely bad news for this country.

01:18:34.000 To flat out say, hey everybody, you know your savings?

01:18:38.000 Start spending it like it's all you got.

01:18:41.000 It's basically them saying like, oh yeah, we're imploding.

01:18:43.000 And you can take like a million dollars in your checking account and at the end of the month move it into savings, get the interest and then move it back?

01:18:50.000 Well, if you did do that, you'd only get it for the brief time you had it in.

01:18:53.000 You know what I mean?

01:18:55.000 So that's right.

01:18:56.000 Let me just give you my take on that.

01:18:59.000 So just for the people listening, M1 is one measure that includes checking accounts, but not savings.

01:19:06.000 M2 included savings accounts.

01:19:08.000 And so you're right.

01:19:08.000 If you look at graphs, you know, it's going along.

01:19:11.000 And then in 2020, all of a sudden M1 goes through the roof.

01:19:15.000 And so people were alarmed, and then you're right, the apologists for the Fed, it was like, oh, it was you right-wing nutjobs, whatever, you're always freaking out.

01:19:21.000 It's just a statistical, a redefinition.

01:19:24.000 But even if you use the old definition, M1 still went up a lot.

01:19:28.000 Oh, yeah.

01:19:28.000 You know what I mean?

01:19:29.000 And it's still at a speeding angle, speeding up like crazy.

01:19:32.000 Because M2, which the definition change didn't affect, also spikes.

01:19:36.000 And so I think partly, Tim, Maybe the reason they did that was to have an excuse so people wouldn't be panicked by the spike.

01:19:43.000 I can't prove that, obviously, but it was convenient that people were like, oh, no, no, when it was like half the spike was because the money supply by any definition really did skyrocket.

01:19:53.000 We got it pulled up and you can see, like, In, uh, around March of 2020, the straight spike just goes straight up between, from April to, you know, the month of April is a straight line up.

01:20:05.000 And they're like, you know, the rules were changed and how we describe things.

01:20:09.000 But if you look after that, April, 2020 until now, the difference between before the spike and after, before the spike, it's like this.

01:20:19.000 After the spike, it's like that.

01:20:20.000 I mean, you guys can see it.

01:20:21.000 You don't need me to use my hand, but it's like, it's slowly going up, major spike, and then it's skyrocketing.

01:20:26.000 After the rule change.

01:20:27.000 And are you looking at M1?

01:20:28.000 Yeah.

01:20:28.000 If you pull up M2, I don't know if you're Fred or what you're looking at, but M2 is not affected by the definition change.

01:20:33.000 And so you can see M2 also spiked in April 2020 to show this isn't just a definition change.

01:20:39.000 They really did pump in a bunch of money.

01:20:41.000 It's not as pronounced in M2, but you can see there is a spike.

01:20:44.000 And you can see that from then till now, it is increasing.

01:20:49.000 The money supply is increasing faster than it was beforehand.

01:20:52.000 Right.

01:20:52.000 So there's the one shift, like you're saying, and the rate of increase.

01:20:55.000 I didn't know about that fraction, that reserve restriction.

01:20:59.000 It was all at the same time.

01:21:01.000 Period.

01:21:02.000 If I had known that, I would have bought way more Bitcoin.

01:21:05.000 And also, like, the Fed started buying stocks.

01:21:09.000 You know, they did a lot of stuff because everyone's freaking out about coronavirus.

01:21:13.000 And so the Fed was paying attention.

01:21:14.000 Right.

01:21:17.000 Well, I'm not gonna give anyone financial advice, but I keep, you know, we've been expanding the business, and my attitude is like, hire people, you know, expand our facilities, get more equipment, and people are like, you know, don't you wanna, like, there are questions about how fast we should be trying to expand and what we should be trying to build, and I'm like, look, I'm not gonna sit around on this stuff when inflation's as high as it is.

01:21:40.000 We had Max Keiser on the show, and he said real inflation's probably closer to 14%.

01:21:46.000 Do you have any opinions on the inflation rate in that capacity?

01:21:49.000 I mean, this is anecdotal, but when I go to the grocery store now, even and I'm not talking Whole Foods, I mean, just like Walmart and whatever.

01:21:56.000 I can't get out of there without spending $200.

01:21:57.000 I mean, by me, dude, it's so bad.

01:21:59.000 We went to the grocery store the other day and we filled up our cart and the final bill was like 30 percent higher than it was a few months ago.

01:22:08.000 And I was just like, whoa.

01:22:10.000 And I'm like, what?

01:22:11.000 I'm looking at the receipt.

01:22:12.000 Like, what did what happened?

01:22:13.000 Oh, yeah.

01:22:14.000 But, um.

01:22:15.000 You know, anyway.

01:22:16.000 And also, they're doing tricks, too, with, like, the packaging.

01:22:19.000 Like, you're not getting as much Cheerios in your box as you used to.

01:22:22.000 Oh, they're getting smaller.

01:22:23.000 And the cardboard is thinner, if you've noticed that.

01:22:27.000 Like, they're doing all sorts of things.

01:22:28.000 Right now, I'm just saying, like, the last thing I want to be holding onto is US dollars.

01:22:33.000 So I bought, you know, some crypto.

01:22:35.000 We're just making sure that we're not sitting on the money and we're expanding the business.

01:22:40.000 It's like, I don't want just money sitting in the bank.

01:22:42.000 Now we're going to make sure we have the right cameras, the right microphones.

01:22:45.000 We're looking at, we just hired someone, we hired another person today to help us expand and produce more content and make things go faster.

01:22:52.000 There's a period in my life where I'm like, I was always very much just save, save, save.

01:22:57.000 Now it's like, get off dollars, invest it in something else.

01:22:59.000 We gotta be careful about hiring because we're gonna need to pay them more eventually.

01:23:04.000 The inflation isn't gonna cap the land that you get or the cameras, that's good.

01:23:08.000 But people next year are gonna need to be paid 20 or 30%.

01:23:12.000 And will need to be paid more to cover their costs too.

01:23:14.000 So I'm saying like, instead of just holding on to, I mean, uh, I don't know if this is, did mines make a public announcement recently?

01:23:23.000 I don't want to say anything.

01:23:24.000 It's not public.

01:23:25.000 I don't know.

01:23:25.000 I don't know, to be honest.

01:23:26.000 Okay.

01:23:27.000 Yeah.

01:23:28.000 So, but, but there's a lot of, there's a lot of companies that are announcing, um, they're getting off fiat.

01:23:33.000 Oh, yeah.

01:23:34.000 25% of their balance sheet is now in crypto.

01:23:39.000 Wow.

01:23:40.000 I think you're going to see way more of that.

01:23:42.000 And, you know, they're like, China's banning crypto. 0.97

01:23:44.000 I'm like, shut up. 0.88

01:23:45.000 They ban crypto every other month. 0.99

01:23:48.000 They started a cryptocurrency and then banned all the other ones.

01:23:50.000 Yep.

01:23:51.000 Nice.

01:23:52.000 The U.S.

01:23:52.000 has got its plans for its coin or whatever.

01:23:56.000 I don't know.

01:23:56.000 I don't think, you know, all of these ultra millionaires and billionaires who have bought into Bitcoin are planning on losing it.

01:24:03.000 Right.

01:24:03.000 Especially overnight.

01:24:04.000 So whenever these stories come out, it's always the poor people who sell off their cryptocurrencies.

01:24:08.000 I'm not giving any advice.

01:24:09.000 You do whatever you want to do.

01:24:10.000 I'm just saying.

01:24:11.000 The last thing I want to be sitting on is is fiat currency.

01:24:14.000 We want to hold things that will be good investments and hedge against the like this is we're in a death spiral as far as far as I can tell.

01:24:21.000 I just to clarify, did China actually they started a crypto, a central cryptocurrency?

01:24:25.000 I read that, but I didn't I didn't I didn't go deeply into fact checking it.

01:24:29.000 I saw it.

01:24:30.000 Someone was like, that's why they made it illegal.

01:24:33.000 I don't know, man.

01:24:34.000 What is legal?

01:24:35.000 Without giving advice to anybody, just what are your personal opinions on the state of the U.S.

01:24:40.000 dollar?

01:24:41.000 Sure.

01:24:42.000 So I should admit this, that I was very worried after the financial crisis in 2008.

01:24:48.000 And so I was, you know, going around in my role, like affiliated with the Mises Institute and just in general as an economist.

01:24:54.000 And I was warning people about the stuff we were talking about, like how the banks create, you know, fraction reserve and so forth.

01:24:59.000 And I thought we were going to see higher consumer price inflation earlier.

01:25:05.000 And so I even, you know, I had a public wager with another comment and I lost that.

01:25:08.000 And guys like Paul Krugman were running Victory Labs, making fun of me.

01:25:12.000 Like you mentioned Wikipedia, my Wikipedia entry is like, I was born, I lost that price inflation bet.

01:25:17.000 And then, you know, maybe now I'll be on Tim Pool's show and that'll be the three things that they mentioned in my life.

01:25:23.000 I'm going to say, well, I think the rest of the world investors were just misanticipated.

01:25:29.000 You know, I mean, like I do think the dollar is going to crash in our lifetime for sure.

01:25:32.000 I think it's going to be a lot sooner than that, just because every time a crisis hits now, their solution is they throw trillions of new dollars at it.

01:25:40.000 And so unless they stop doing that, you know, I think it's like I said, we've we've seen it now with our own eyes.

01:25:46.000 Like it it was kind of weird.

01:25:48.000 And, you know, guys like me were You know, people are calling us chicken littles and whatnot.

01:25:52.000 And so I sort of was mute about it for a while because, you know, it didn't come when I thought it was going to.

01:25:58.000 But at this point, clearly prices are rising rapidly around the country.

01:26:02.000 If last year, beginning of last year, you bought steel, chlorine, cars, computer chips, cryptocurrency, you'd be set for life.

01:26:13.000 I mean, if you bought Bitcoin last year, like beginning of last year, and you said, I'm gonna put all my money in it right now, you would never have to worry again.

01:26:21.000 Like, the amount that it's gone up since then is absolutely insane.

01:26:24.000 Have you studied debt recall at all?

01:26:26.000 Like, the history of it over the millennia?

01:26:28.000 I think ancient Greece had a debt recall.

01:26:30.000 Do you mean, like, where they just reset everything?

01:26:32.000 Is that what you're saying?

01:26:33.000 I mean, I haven't studied it.

01:26:34.000 It's in the Bible, yeah.

01:26:35.000 Where they're like, bring us all of your Danars and then we're gonna... Like the Jubilee?

01:26:39.000 Like every 50 years, Jubilee in the Bible and stuff?

01:26:40.000 Yeah.

01:26:41.000 Like, is that what... I mean, inevitably, I'm looking at this like, it just is like I'm staring at a big pink elephant.

01:26:48.000 And it is that this fiat system is going to crash.

01:26:54.000 Right.

01:26:54.000 So I to me, I think that's partly tied in with this whole great reset and everything.

01:26:59.000 Like, I think the people running the system know that they're, you know, they're kind of pushing it to the limit.

01:27:04.000 And that's why they're trying to get ahead of it.

01:27:06.000 And, you know, this is going to happen.

01:27:08.000 And then they're going to they have things in the wings that they're going to bring in to replace the dollar is what is what I think ultimately is going to come down.

01:27:15.000 Like they'll use BlackRock and then seize all of BlackRock's assets and then they'll have all the land and then they'll start renting it out to people for cheap or just for their slave labor or something?

01:27:25.000 I mean, I don't know about those particular details, but yes, I think they do want to move to a society where there's a few multi-trillion at that point dollar companies in league with powerful states and they kind of own all the Yeah, you'll get a little book.

01:27:50.000 You'll get an app and the app will be like, did you get your loaf of bread this week?

01:27:55.000 Then you'll like go to the store and you'll scan your phone.

01:27:58.000 By the way, to me, another thing I see is like they're trying to get everyone off cash.

01:28:02.000 And I mean just little things like when I go to the ATM now, The options it gives me for withdrawal, it only goes up to $200.

01:28:09.000 I can still type in a different screen to get more, but 20 years ago, it offered $300.

01:28:14.000 Right now, we just said that could go in one visit to the grocery store.

01:28:17.000 So you would think it would let you take out $700 right now as just a default option, but it doesn't.

01:28:22.000 So I think they're trying to wean people off of holding cash and get everyone swiping cards because they can control that.

01:28:26.000 I think that special interests, politicians, nonprofits want the labor shortage.

01:28:33.000 It's forcing kiosks and self-checkout.

01:28:36.000 So there's a big conversation about, you know, how do we, if we've got the potential for kiosk ordering at fast food restaurants, how do we transition people out of these jobs?

01:28:44.000 They're going to get mad when they lose their jobs.

01:28:46.000 Nobody wants Luddite riots, right?

01:28:48.000 So what happens is, hey, look, we got this opportunity.

01:28:50.000 There's people are freaking out.

01:28:52.000 Let's now just start Switching all of these things over to self-checkout, to self-service, to kiosks, and then no one's going to complain about losing their job because we're giving them unemployment benefits.

01:29:03.000 Right.

01:29:03.000 And they're also, that's the push for UBI and everything.

01:29:06.000 Yeah, you're right.

01:29:08.000 I think they're trying to get the public used to the idea that every month you just get a check from the government and then you're happy, right?

01:29:13.000 And then you sit at home and you communicate through your screens and we regulate that flow of information.

01:29:18.000 They'll be more miserable than they've ever been when that happens.

01:29:20.000 Oh, sure.

01:29:21.000 But purposeless, confused, angry.

01:29:25.000 Yeah, I got this feeling like we talk about currency.

01:29:27.000 I think of electrical currency, and the future of currency is electricity and fusion.

01:29:32.000 I keep thinking about fusion.

01:29:33.000 It's like the government or whoever is in charge is afraid that if people get the power of fusion, that it would be too dangerous to give the individuals almost near-infinite electricity.

01:29:43.000 But I mean, cold fusion, maybe.

01:29:45.000 What other way could there be?

01:29:47.000 Currency is already energy.

01:29:49.000 Currency is always energy.

01:29:50.000 Electricity is a form of currency.

01:29:52.000 So are dollars.

01:29:52.000 But I think dollars are becoming defunct.

01:29:54.000 Dollars represent energy.

01:29:57.000 They don't represent anything anymore.

01:29:59.000 No, they represent energy.

01:30:00.000 They used to represent gold and silver.

01:30:02.000 For one, the U.S.

01:30:03.000 dollar is backed, sort of, by oil.

01:30:05.000 It's the petrodollar.

01:30:07.000 But it's also that currency and value has always been the energy that someone needs for some kind of outcome.

01:30:14.000 So initially we had wood, we had coal, we had all these different various forms of energy.

01:30:18.000 When we would trade with someone, we want them to exert their energy towards us for some reason.

01:30:22.000 So when you say the future of currency is electricity, I'm like, we already have the petrodollar.

01:30:26.000 It's already, you know, very much so about fossil fuels to power all of our machines and all of our systems.

01:30:31.000 So already energy is backing our currency.

01:30:34.000 But oil's heavy.

01:30:36.000 So like if I was like, hey, hey neighborhood, I want some food.

01:30:40.000 I'll give you some of my electricity so you can power your house and heat your home.

01:30:43.000 Like those are things that really matter.

01:30:45.000 Having electricity, having heating.

01:30:47.000 Like petroleum for heating your house?

01:30:49.000 But it's heavy.

01:30:50.000 That's why we developed money in the first place.

01:30:52.000 How do we make electricity?

01:30:54.000 There's lots of ways to make electricity.

01:30:55.000 What's the principal way we make electricity?

01:30:57.000 I don't know.

01:30:58.000 There's lots of ways.

01:30:59.000 Coal?

01:31:00.000 Yeah, you burn stuff.

01:31:01.000 That's one way to do it.

01:31:02.000 The principal way we get electricity is coal.

01:31:05.000 We burn coal and other fuels and now natural gas to pressurize systems.

01:31:11.000 So, yeah, you're saying it's heavy, but electricity is actually the after-product of the fossil fuels.

01:31:17.000 So, yes, my point is that the fossil fuels generate electricity.

01:31:20.000 Electricity is already partly.

01:31:23.000 But it's more than just that combustion, kinetic energy.

01:31:25.000 We convert fuels into motion.

01:31:28.000 That's just too heavy to use as currency, though.

01:31:30.000 That's the problem with it.

01:31:31.000 You need lightweight.

01:31:32.000 That's why we develop digital currency.

01:31:33.000 That's why we develop paper or cotton dollars.

01:31:36.000 Because you can carry it around.

01:31:37.000 Electricity is extremely difficult to move and store.

01:31:40.000 I know, right now it is.

01:31:41.000 Batteries.

01:31:41.000 And I think that's intentional.

01:31:43.000 I don't want to go down the conspiracy route, but I think that this stuff's being suppressed because they want to limit the power of the individual.

01:31:48.000 Alright, well, let's see what the Super Chats have to say, if you haven't already.

01:31:53.000 Send us a Super Chat, smash that like button, subscribe to the channel, and don't forget, go to TimCast.com, because we are going to have a members-only segment coming up after the show, just for all of you amazing members who support our work.

01:32:03.000 Let's read.

01:32:04.000 What do we got here?

01:32:06.000 Alright, let's see.

01:32:08.000 Deprived Dolphin says, Hey crew, a judge recently ordered that my work mandate vaccines. 0.96

01:32:13.000 Exception for medical and religious.

01:32:15.000 I'm refusing.

01:32:16.000 They will have to fire me.

01:32:18.000 Well, good for you for standing up for what you believe in.

01:32:21.000 And it's unfortunate that we've come to this.

01:32:25.000 Alright, let's see.

01:32:25.000 1-2 says, any reason you haven't mentioned the illegal- 50,000 illegal votes in the audit?

01:32:30.000 And yes, they are illegal, there's no way around it.

01:32:32.000 Uh, namely because I'm researching it.

01:32:35.000 Uh, people were like, Tim's not gonna talk about it.

01:32:37.000 Well, look, man.

01:32:39.000 I'm not gonna take any bold claims and just outright read, like, here's what it said.

01:32:44.000 I need to actually talk to some people.

01:32:46.000 It's not something I can easily do, especially to be, you know, uh, to be fair.

01:32:51.000 Today was particularly hectic here with the projects we're working on.

01:32:56.000 But yes, I've read a little bit.

01:32:58.000 I've not read enough to be confident to opine on Arizona's audit.

01:33:02.000 I can just put it that way for now.

01:33:04.000 But I'd like to actually get maybe like, you know, Bannon to come back or something.

01:33:09.000 And then we would do like a podcast episode of TimCast.com.

01:33:12.000 I've had Matt Brainerd on the show.

01:33:13.000 We've had Steve Bannon on the show.

01:33:15.000 We put that stuff on TimCast.com where you guys are able to see it uninterrupted and unimpeded.

01:33:20.000 YouTube is a minefield.

01:33:22.000 But at the very least, YouTube provides that bridge from YouTube to the website and to other outlets so that the information still persists in the ecosystem.

01:33:29.000 All right.

01:33:31.000 B. Anderson says, Tim, you said something in your earlier segment saying along the lines of, they are not going to ask for help, then filter out the ones they don't want.

01:33:38.000 That's not entirely true.

01:33:39.000 Beggars are being choosers. 1.00

01:33:41.000 I'm not sure what you were referring to.

01:33:43.000 Beverly Baum says, I love you guys, but I miss Luke.

01:33:46.000 Luke was on his way here when he suffered an unfortunate trucking accident.

01:33:53.000 Oh, geez.

01:33:54.000 No, I don't know exactly what happened.

01:33:54.000 That sounds terrible.

01:33:55.000 He was just like, hey, I'll be there Saturday.

01:33:56.000 Then he said he couldn't make it because he was having car trouble.

01:33:59.000 So, uh, Luke will be returning.

01:34:01.000 And it's all- it's- it's- it's perfect timing, too, because we're really close to the new studio being done.

01:34:05.000 The construction is almost entirely done.

01:34:08.000 We just need to set up the supports for the table.

01:34:10.000 Once we do that, though, then we've gotta do the camera positioning.

01:34:12.000 We're gonna have, like, wall-mounted cameras.

01:34:14.000 It's gonna be really, really awesome.

01:34:15.000 The lighting is amazing.

01:34:16.000 I don't know if you guys have watched the vlog, but the lighting is a ring of LED lights around the ceiling.

01:34:21.000 So it's, like, perfectly lit.

01:34:23.000 It's amazing.

01:34:25.000 Alright, let's see.

01:34:26.000 What do we got here?

01:34:29.000 John Eakins says, How would you feel about dropping the business tax rate from 25% to 5% if companies evenly distribute the other 20% among its employees?

01:34:39.000 Eliminate tax deductions, and if companies don't, then their tax rate would be 30% and make Social Security opt-in.

01:34:44.000 Did you catch all that?

01:34:47.000 Yeah, I mean, I would like to make the business tax rate zero percent.

01:34:51.000 And so, you know, if he's given options to lower it as far as Social Security.

01:34:56.000 Yeah, I have a whole article.

01:34:57.000 People Google, you know, Robert Murphy, Social Security reform.

01:35:01.000 I think you'll you can find it.

01:35:03.000 Where that's what I've tried to do.

01:35:04.000 There's because what happens right now with Social Security is I think if you allowed people to opt out, they would get a higher rate of return on their investment.

01:35:13.000 You know, just private sector.

01:35:15.000 Right.

01:35:16.000 And also to the government could borrow.

01:35:19.000 I don't know if it's true right now, but a few years ago, when interest rates were really low, the government could have borrowed on better terms from just private lenders than it was implicitly paying workers.

01:35:28.000 In other words, when they take your payroll taxes, your contributions, and then they promise you benefits down the road, implicitly they're forcing you to lend them money.

01:35:37.000 Right.

01:35:38.000 And so they were actually paying a higher rate of return on that than they could borrow out in the regular debt market.

01:35:43.000 So it was like a win-win thing where let people opt out.

01:35:47.000 And that would just, you know, it would fix the finances or it would improve them and then allow people more flexibility.

01:35:53.000 All right.

01:35:55.000 Andrew Kramer says, Did you guys see that Colonel Stuart Scheller is being incarcerated for speaking up about the military leadership's failure regarding Afghanistan?

01:36:02.000 I did not hear that.

01:36:03.000 You guys hear that?

01:36:03.000 No, I didn't hear that.

01:36:04.000 That's crazy.

01:36:06.000 Joseph Henson says, It's been a hell of a ride, boys.

01:36:10.000 Yep.

01:36:11.000 True that.

01:36:11.000 Trevor Ellis says, evening Tim and crew from Canada.

01:36:14.000 As a construction contractor, I've been refused service from local suppliers because they refused the jab.

01:36:19.000 20 year relationship gone.

01:36:20.000 The fear mongering is real up here.

01:36:23.000 Oh yeah, man.

01:36:25.000 All right.

01:36:26.000 James Johnson says, just watched Stargate episode that alternate earth dimension had suspended all assets of democracy.

01:36:33.000 Almost had an anxiety attack.

01:36:35.000 You ever see a Stargate SG one?

01:36:37.000 I have.

01:36:38.000 I don't know that episode though.

01:36:39.000 There's an episode where it's in, I think, season two, maybe?

01:36:43.000 I'm not sure, maybe one.

01:36:44.000 Daniel goes through what's called a quantum mirror and he goes to an Earth that's under alien attack.

01:36:49.000 So they've suspended basically all rights.

01:36:52.000 And they're like, we have no choice.

01:36:54.000 There were riots.

01:36:54.000 They wouldn't support the war effort.

01:36:56.000 We're about to be wiped out by an alien race. 0.96

01:36:58.000 And so you're like watching the American president and these people give you their justification where they're like, we have to do it, otherwise we die.

01:37:05.000 They had to divert like 80% of all electricity towards a system to like defend themselves.

01:37:09.000 So everyone's working around the clock slave labor.

01:37:12.000 Otherwise, the aliens destroy the planet. 1.00

01:37:14.000 And FYI, if aliens attacked right now, we are doomed because we sit on a stupid centralized electric grid. 1.00

01:37:20.000 Come on. 0.99

01:37:20.000 Seriously, they'd come and they'd be like oil production over and then we'd be like, Oh, no, what do we do? 0.99

01:37:28.000 Alright.

01:37:29.000 Eye Bloodroot says, Grandpa with dementia passed Saturday.

01:37:32.000 Alone in an NJ hospital.

01:37:34.000 Luckily my dad got to see him a week ago.

01:37:36.000 Hospital won't let priests in to perform last rites.

01:37:39.000 He's cremated but no funerals wakes allowed anyway.

01:37:42.000 Thank you for keeping me sane.

01:37:43.000 Love y'all.

01:37:43.000 That is brutal, man.

01:37:44.000 I am sorry to hear that.

01:37:45.000 This is...

01:37:47.000 It's, it's, it's a purge, man.

01:37:48.000 It's a culture revolution.

01:37:49.000 It's, it's just everything all rolled into one.

01:37:51.000 We are watching a slow motion fifth generational, um, coup, revolution, whatever you want to call it.

01:37:57.000 In every facet, it's political, it's cultural, it's financial.

01:38:00.000 It's happening right before our eyes in slow motion.

01:38:02.000 I feel like we're watching the puppets dancing and that we have the opportunity to build the puppetry, the puppet master with technology and the code, software code.

01:38:11.000 But a lot of it's what's, what the puppets are doing when in reality you should be focused on the puppeteer.

01:38:16.000 Hmm.

01:38:18.000 Yeah, it surprised me how fast they I wouldn't have guessed a year ago that they would have federally put out like the vaccine mandates and whatnot.

01:38:24.000 I'm surprised, given the opposition to it, that how aggressively they're pushing that.

01:38:32.000 All right, let's see what we got.

01:38:34.000 Toby Walker says, there are numerous open-source versions of Unix, but yes, Linux was originally a hacked and reverse-engineered Unix, enhanced by Richard Stallman.

01:38:41.000 The GPL license is a special thing.

01:38:43.000 Please check it out.

01:38:43.000 Should we make Linus Torvald a saint?

01:38:46.000 A saint?

01:38:47.000 Why?

01:38:47.000 Saint Torvald?

01:38:49.000 He built Linux.

01:38:50.000 Well, he saved a bunch of corporations untold sums of cash.

01:38:55.000 So I went to, uh, I can't remember what store I was at.

01:38:58.000 It was a big chain store and their self checkouts were running Linux.

01:39:01.000 I mean, they all do, but something happened where it crashed and it was very obviously you could see the Linux screen.

01:39:06.000 And then I thought it was funny and I was like, Oh, look, it's Linux.

01:39:08.000 And like one of my hacker friends was like, why would they spend money on closed source proprietary software when Linux is free?

01:39:14.000 And I'm like, Oh yeah.

01:39:15.000 So when they've got to operate, you know, 500,000 terminals at all of their chain stores around the world, use the free software instead of paying ridiculous sums, you know?

01:39:24.000 So there you go.

01:39:27.000 Chris B. Cade says, Tim, have you seen the quote, talk while it's still legal shirt, Rihanna war?

01:39:32.000 She's also siding with Nicki Minaj.

01:39:34.000 The culture war is turning.

01:39:36.000 Or maybe, I don't know, maybe these people have never trusted the government.

01:39:41.000 You know, maybe these, these, you know, uh, I mean, these people as in like Rihanna, Nicki Minaj, and, you know, Lil Wayne, this crew, these, this group of, of individuals and friends.

01:39:49.000 Not to mention, I think it's fair to point out Joe Biden saying the Tuskegee Airmen when he meant Tuskegee Experiments, but the Tuskegee Experiments, a good case of, you know, the black community not trusting the government. 1.00

01:40:00.000 Glacier says to Ian, a parallel internet might even be necessary by this point.

01:40:04.000 Look up Project New IP by Huawei that will be voted by the ITU in 2022.

01:40:10.000 It acts as anonymity and no endpoint buffers against viruses.

01:40:14.000 Whoa! 0.71

01:40:16.000 Interesting.

01:40:16.000 Yeah, there'll probably be near infinite amounts of parallel internets running.

01:40:23.000 All right.

01:40:24.000 Edward Saucita says COVID camp in Centralia, Washington is looking for an isolation and quarantine strike team member.

01:40:31.000 Job DOH 5814.

01:40:32.000 Yeah, people are tweeting that like crazy.

01:40:33.000 You see that one?

01:40:35.000 It's like a job opening for an isolation and quarantine strike team member.

01:40:39.000 I didn't look it up, but you know.

01:40:42.000 All right, let's see.

01:40:42.000 Andrew Brosswell says, your impressive top-tier Austro-libertarian podcaster collection is nearly complete.

01:40:49.000 Now that you've had Bob Malice, Dave Smith, Peter Quinonez, and Scott Horton on, the only person you're missing is the heroic Tom Woods.

01:40:55.000 Ah, I knew it!

01:40:56.000 All right, call him up.

01:40:57.000 Have you guys been in a room together, all you guys?

01:40:59.000 That'd be fun, yeah.

01:41:01.000 No, we thought it'd be too dangerous for the liberty movement.

01:41:03.000 Yeah, that's why they fly me up president and vice president separately.

01:41:09.000 You can't have them all in the same place.

01:41:10.000 All right, let's see.

01:41:12.000 I'll put it this way.

01:41:13.000 I think the U.S.

01:41:13.000 breaking up is dangerous and terrifying because China just sweeps it and takes whatever they want.

01:41:18.000 How about Russia has treated borders since US Tsar broke up?

01:41:21.000 Long-term loss for short-term gain at best. With China waiting, it isn't even that.

01:41:25.000 I'll put it this way. I think the US breaking up is dangerous and terrifying because China just 1.00

01:41:30.000 sweeps it and takes whatever they want. So not good in the long run, but what's the alternative?

01:41:36.000 International conflict with China?

01:41:39.000 It's gotta be something new that hasn't been thought of yet.

01:41:42.000 Some kind of messiah-like figure returns?

01:41:45.000 A superman or a saint figure?

01:41:47.000 Yeah, like the second coming that convinces everyone that they are the second coming.

01:41:53.000 What?

01:41:54.000 We're all fingers of God, man.

01:41:57.000 Okay, what could hit what my hope to win that's him is that like like we say Texas or other states break away and then

01:42:02.000 Yeah on paper It looks like oh so now if the US Empire falls China takes 0.94

01:42:08.000 over and that certainly will happen I think the Chinese, you know will be the people in charge 1.00

01:42:12.000 of the you know, 21st century But like a free Texas, let's say that it's so productive

01:42:18.000 and you know that they really are free You know the freest country on earth then

01:42:22.000 That in other words the statist underestimate the power of actual freedom 1.00

01:42:27.000 And so on paper, they're like, oh yeah, go ahead and break away, you idiot. 1.00

01:42:29.000 What are you going to do? 1.00

01:42:30.000 30 million people or whatever.

01:42:31.000 But 30 million free people can do a lot more than they realize.

01:42:35.000 Yeah.

01:42:36.000 Turk Longwell says, Tim, Ian doing live searches was a good call.

01:42:39.000 Well, that was entirely Ian.

01:42:40.000 He brought his computer up one day and started searching for stuff.

01:42:42.000 Great.

01:42:42.000 It's good for us and him.

01:42:44.000 LOL.

01:42:44.000 Yeah, that's for sure.

01:42:45.000 Great guest too, sir.

01:42:46.000 Thanks for all the different perspective.

01:42:48.000 F Sour Patch Kids.

01:42:50.000 Right?

01:42:50.000 I win.

01:42:51.000 Oh yeah.

01:42:51.000 I have more followers than they do.

01:42:54.000 But aren't you a big fan of Sour Patch Kids?

01:42:56.000 I am.

01:42:57.000 So it's kind of hard for me, but... You decided one day to be mean to them?

01:43:00.000 I did, yeah.

01:43:01.000 Stan T.O.O.

01:43:02.000 says, Mr. Murphy, would it be possible for the states to create free trade zones?

01:43:06.000 Is there a way to limit government overage but still be a pseudo-nation?

01:43:10.000 OK, so I'm not sure if he's talking about the context of our discussion of secession.

01:43:14.000 So clearly, like if Texas were to break away, then yeah, I would tell the Texas government at that point, maintain free trade with all the other states, you know, and maybe Washington to punish them would not do that.

01:43:26.000 Just like with Brexit.

01:43:26.000 Like that was the big, that was one of the things that the European Union said is, well, if you guys break away, you're not going to have free trade.

01:43:32.000 And then I don't know what the status of that bluff is at this point.

01:43:35.000 Yeah.

01:43:36.000 I mean, as an economist, free trade standard.

01:43:38.000 That's one of the things that made the U.S.

01:43:40.000 so productive and rich was that internally it was a giant free trade zone.

01:43:43.000 So if if any of these places do break away politically, still have free trade with all and, you know, relatively open, you know, coming and going.

01:43:52.000 So, you know, so that's that's the thing to to maintain a free society.

01:43:56.000 You're just politically severing.

01:43:58.000 That's the thing.

01:43:59.000 It's you're not it's not isolationism to say we're going to stop sending our money to Washington.

01:44:04.000 Right.

01:44:05.000 I mean, we're already seeing the country breaking apart with California being like, no official travel to any of these places.

01:44:10.000 Right, right.

01:44:12.000 Drivers in Texas aren't gonna be able to deliver goods to New York where there's vaccine mandates because they don't know the same rules unless they get vaccinated.

01:44:20.000 All right, Sonny James says, My sister-in-law, a ADN when the National Guard came in for the pandemic, when they had no staffing shortages, she said they were ineffective, mostly stood around to the point they used them for menial tasks like charting.

01:44:35.000 Civil jobs are just different.

01:44:40.000 All right.

01:44:42.000 Emily Mower says, as someone who has lived my whole life in New Hampshire, Ian needs to shut up about my state.

01:44:48.000 What did you say about her state that was bad?

01:44:50.000 I don't know. 1.00

01:44:51.000 Oh, you called him all stupid, that's right. 1.00

01:44:52.000 Yeah, Ian was like, do your actual job! 1.00

01:44:54.000 And we're like, Ian, stop!

01:44:55.000 I think I've been through New Hampshire.

01:44:57.000 I like New Hampshire a lot, actually.

01:45:00.000 All right.

01:45:01.000 TheRaptorsTalon with a big ol' super chat.

01:45:04.000 Thanks.

01:45:04.000 Appreciate it.

01:45:04.000 It says, Ian, I disagree with your options.

01:45:07.000 First, in order to escape the fiat currency, you have to have a lot of it.

01:45:10.000 You have to have a lot of it to work with.

01:45:12.000 Not everyone has that.

01:45:13.000 Second, it's nearly impossible to get the funds to escape the power grid.

01:45:16.000 And third, cryptocurrency, as I understand it, only works in a society that does not have a concept of scarcity.

01:45:23.000 Why is that last point?

01:45:24.000 I'm not sure I understand that last point, though.

01:45:28.000 Cryptocurrency only works in a society that does not have a concept of scarcity.

01:45:35.000 No, Bitcoin is a scarce resource.

01:45:37.000 I don't think it'd be the other way around.

01:45:39.000 I don't get what they're saying.

01:45:40.000 That's the whole virtue of Bitcoin is it's absolutely scarce.

01:45:43.000 And there's a whole bunch of different types of crypto.

01:45:45.000 Some, like Dogecoin, slowly grows.

01:45:48.000 Some slowly shrinks.

01:45:49.000 There's a, what is it?

01:45:50.000 Like, is DeFi?

01:45:51.000 Like, is it a deflationary token that is just, you buy it and then it's guaranteed to deflate?

01:45:56.000 That's the way.

01:45:56.000 That's the way to do it.

01:45:57.000 That seems like a silly reverse kind of... It disincentivizes holding it.

01:46:01.000 That's the key.

01:46:01.000 You want to not hold currency.

01:46:03.000 You want to keep it moving.

01:46:04.000 Well, no, but like a currency that's slowly vanishing becomes more and more valuable.

01:46:11.000 So people will hold it.

01:46:13.000 And you create more?

01:46:13.000 No, no, no, no, no, no, no.

01:46:15.000 You can't create it.

01:46:15.000 That's the point.

01:46:16.000 There's certain tokens they made that slowly burn.

01:46:20.000 Every time a transaction happens, a portion of it gets destroyed.

01:46:22.000 So that over time, there's less and less, and if there's a culture building around it, and more demand for it, but a shrinking supply, the value goes up.

01:46:30.000 So you could buy one, and then wait a year, and then it'll naturally be worth ten times or something.

01:46:34.000 He's right that what I was saying isn't triage techniques.

01:46:38.000 These things that I said, like getting off the central grid, getting your own food supply.

01:46:41.000 These are like endemic solutions.

01:46:44.000 But as a triage of what to do right now?

01:46:47.000 I don't know.

01:46:48.000 I'm at a loss.

01:46:49.000 I'm listening.

01:46:52.000 I don't know, I kind of feel like we can sit here and freak out about China and those other countries all day and night, and I think it will be really, really bad.

01:47:00.000 But it just kind of feels to me that the path we're on, there's no exit ramp.

01:47:04.000 Like, Texas is already doing the ATF law thing, where they're like, we can do our own suppressors, ATF be damned.

01:47:11.000 New Hampshire is overtly like, we want to secede.

01:47:13.000 A handful of people in New Hampshire.

01:47:14.000 But the Free State Project, very much so.

01:47:17.000 California, I mean, they're banning travel to other states.

01:47:20.000 Already, states in this country are like, we don't like you, we don't want to work with you.

01:47:25.000 So, if this just continues the same way it's been going, it ultimately just results in states being like, yo, we out.

01:47:32.000 And then what?

01:47:33.000 I think we'll be fine here in the U.S.

01:47:35.000 for some time.

01:47:36.000 But if China becomes, you know, stays on top and begins exerting influence in other states, they'll instantly get influence in the West Coast, where they have tremendous pressure.

01:47:45.000 And then they'll slowly start coming in.

01:47:47.000 Europe will be too weak to do anything.

01:47:49.000 And then China becomes the global dominant superpower with military bases everywhere.

01:47:53.000 Let us not forget the cartels at Calderon.

01:47:55.000 Shout out last week.

01:47:56.000 Fantastic episode.

01:47:57.000 Check it out.

01:47:58.000 I highly recommend if you didn't see it yet.

01:47:59.000 But I mean, that's like a government itself, and it's right on the border and within our country.

01:48:04.000 All right, let's see.

01:48:05.000 MCOFKI says, TIGTAO. 0.78

01:48:08.000 Texans going their own way?

01:48:10.000 That's right.

01:48:11.000 I like it.

01:48:13.000 Kennedy Marine Detailing says, the tyranny Athens imposed on others, it finally imposed on itself.

01:48:18.000 Thucydides.

01:48:20.000 Very interesting.

01:48:23.000 Sarah says, CONCH Republic 1982.

01:48:25.000 True secessionist movement in Florida Keys in response to federal government overreach.

01:48:29.000 I don't know anything about it.

01:48:30.000 Do you guys know anything about that?

01:48:31.000 What's it called?

01:48:31.000 Do you know about it?

01:48:32.000 I don't know about that, no.

01:48:32.000 The Conch Republic, 1982.

01:48:33.000 No.

01:48:37.000 Logan Culver says, Tim, today I joined you in the 35-year-old camp.

01:48:41.000 Have you watched the Monopoly on violence yet?

01:48:43.000 Mr. Murphy here is excellent, and I love you guys.

01:48:45.000 Dave Smith, 2024.

01:48:47.000 And then there's a, I think it's a black flag?

01:48:49.000 And a gorilla.

01:48:50.000 Excellent.

01:48:51.000 This here says from ContraRepublic.com, it's a micro-nation declared as a tongue-in-cheek secession of the city of Key West, Florida, from the United States.

01:48:59.000 And it's been maintained as a tourism booster.

01:49:01.000 Oh, for the city.

01:49:02.000 You guys over here have Christiania?

01:49:04.000 In, uh, it's in Copenhagen?

01:49:05.000 Up in Denmark, yeah.

01:49:06.000 Yeah, it's like the free zone.

01:49:08.000 It's a small little area that doesn't abide by any of the laws or whatever.

01:49:12.000 And I guess you just go in there and then you're, it says now leaving the EU when you walk in.

01:49:18.000 And I guess the restaurants there don't pay taxes or something.

01:49:20.000 I don't know a whole lot too much about it.

01:49:22.000 I've actually been there several times.

01:49:23.000 Really cool place.

01:49:23.000 Huh.

01:49:24.000 Good, good French fries and schnitzel.

01:49:25.000 I think I had schnitzel.

01:49:26.000 I can't remember.

01:49:27.000 But yeah, it's this cool little place.

01:49:28.000 There are people who live there and it's like, um, secessionist anarchist community.

01:49:33.000 So it's not tongue-in-cheek they really don't pay business taxes and whatnot?

01:49:36.000 That's what I was told.

01:49:37.000 There's a skate park there you can just walk in.

01:49:39.000 It's like they built a skate park and it's indoor and you just like go in there and skate.

01:49:42.000 It's fun.

01:49:43.000 And then there's some businesses that operate in there and my understanding is they just tell the government to screw off.

01:49:49.000 Yeah.

01:49:50.000 Bunch of houses there.

01:49:52.000 Yes, I think, you know, you guys are right that it, in practice, probably instead of like a formal vote and referendum, you know, it'll be more just people just not complying with, you know, local people, especially if they're in rural communities.

01:50:03.000 But it's not going along with stuff.

01:50:05.000 It's not.

01:50:05.000 I don't think it'll be conscious.

01:50:07.000 I don't think it's going to be one day someone just goes like, you know what, I hereby decide I'm not going to follow.

01:50:11.000 I think one day someone's going to be like, you know.

01:50:14.000 There haven't been any feds coming through our part in a long time.

01:50:17.000 I haven't seen what they do.

01:50:18.000 And you think about it this way, when people just drive cars and they speed.

01:50:21.000 Right.

01:50:21.000 Everyone speeds five miles over and they're like, I'm not gonna get pulled over.

01:50:24.000 Anarchy.

01:50:25.000 Sometimes the cops do.

01:50:26.000 But it's because people don't have confidence in the government, the police, to actually be able to stop everyone going five miles over the limit.

01:50:32.000 So everybody just does it.

01:50:33.000 Right.

01:50:33.000 And then it's safer to go five miles.

01:50:35.000 You want to match the speed of all the other cars, even if they're going over the speed limit.

01:50:38.000 That's the safest thing you could do is match traffic speed.

01:50:41.000 If today every cop said, we're going to pull over anyone going over the limit, they would not change a thing.

01:50:47.000 They do not have the manpower to pull over every single car when there is a culture built around going five miles over the limit.

01:50:53.000 Yeah, I think if, if say speed limit 60 and everyone's going 85 and you're going 60, you'll get pulled over because you're not, you're not being safe.

01:51:00.000 So that's sometimes, but yeah, they could, they could argue.

01:51:03.000 You were like, you're putting the traffic at risk because you weren't going to the flow.

01:51:06.000 And then you'd be like, they were speeding.

01:51:08.000 You know?

01:51:09.000 But the point is, it's just people doing it.

01:51:11.000 So what happens when one day, you know, people in Texas are like, we always do X. And then the Fed one day is like, you can't do X. They're gonna be like, you can't stop us.

01:51:21.000 This is something we always do.

01:51:22.000 No one there has faith in the federal government to stop them.

01:51:25.000 So they just keep doing it.

01:51:25.000 The Feds can't do anything about it.

01:51:26.000 Especially desperation.

01:51:27.000 If people are unemployed and they're poor and they can't pay things, then they just don't.

01:51:32.000 Because they can't.

01:51:33.000 Can't means that it is impossible.

01:51:35.000 So you could see that.

01:51:37.000 You can see like civil disobedience through desperation.

01:51:41.000 B. Walsh says, he says, your statement, he says, A. Lee, your statement, I'm not sure who he's referring to, that everything has a label reminds me of a Pirates of Caribbean quote.

01:51:51.000 Barbossa said, the world used to be a bigger place.

01:51:55.000 And then Jack Sparrow says, the world's the same.

01:51:57.000 There's just less in it.

01:51:59.000 Interesting.

01:52:00.000 There's more people.

01:52:04.000 James Lindbergh says FedEx is straight up losing my packages lately.

01:52:08.000 Yes, I've said the same thing.

01:52:09.000 Have you noticed that?

01:52:10.000 FedEx announced they were rerouting 600,000 packages per day due to a driver shortage.

01:52:15.000 Yeah.

01:52:16.000 So we've had like just tons of stuff that we've ordered just not show up.

01:52:20.000 I'm like, yo, I'm not even worried about it because I've been paying attention.

01:52:22.000 Everything falling apart already, you know, so I'm just like, yep, you know, it's to be expected, I guess.

01:52:29.000 Yeah, I haven't noticed that with FedEx per se, but just lots of things anecdotally.

01:52:33.000 Yeah, just you go to the grocery store and there's holes.

01:52:37.000 My local grocery store has redesigned itself to be carrying a lot less inventory.

01:52:41.000 And I think it was because it just, it jumped out before.

01:52:44.000 And so they like got rid of a lot of shelves and whatever.

01:52:46.000 So yeah, it, it does look like the economy is retooling itself to get by with fewer workers, like you were saying, with, with the kiosks and whatnot as well.

01:52:53.000 I wonder if everyone's going to have their own personal drone that you send out for delivery.

01:52:56.000 When you order something, you'll send it and it will go to the place to pick up the thing and bring it back to you.

01:53:02.000 Angela McArdle says, Bob, what do people mean when they say they believe natural rights are real?

01:53:11.000 Well, I mean, there's a, in the libertarian tradition, there's the tradition of natural law.

01:53:18.000 So I think she's saying, as opposed to merely just though it's a consequential or utilitarian thing, that there's a sense in which, no, people really do have these rights.

01:53:28.000 And it comes from natural law, whether you believe in God or just the nature of human beings and their essence.

01:53:34.000 So I think if someone says that, that what they're trying to stress is Just like 2 plus 2 really does equal 4.

01:53:40.000 That's not just a social convention.

01:53:42.000 We don't just say that because, you know, the economy grows faster if we all pretend that it does.

01:53:47.000 Like, it really does.

01:53:48.000 There's an absolute there.

01:53:50.000 So I think, if I'm understanding her question, that she's delineating some people believe in rights, like that really is something intrinsic to human beings by their nature, as opposed to this is a fiction, perhaps, or a convention that leads to, you know, things we like.

01:54:05.000 Yeah.

01:54:07.000 Tyranus says, who made the painting behind the guest, the canine skull monster?

01:54:10.000 That is the Snow White zombie apocalypse art.

01:54:14.000 I don't know the artist, but that is a comic series by Brent Lengel that I helped kickstart.

01:54:20.000 And there's a couple of them.

01:54:21.000 And so we got this big awesome poster.

01:54:22.000 I thought it was really cool because I thought it was fun.

01:54:25.000 I think the art is fantastic.

01:54:26.000 And what you can't see, so most of you can see the creepy G-Prime 85 George Alexopoulos paintings all over the place.

01:54:33.000 They're digital, I don't know, they're not paintings.

01:54:36.000 But we do have a painting we got of like this cool Aurora Borealis you can't see.

01:54:41.000 It's actually maybe... I think it shows up on that one.

01:54:43.000 Yeah, you can see it when Ian's sitting in the other chair. 0.90

01:54:46.000 So we actually have more than just Joe Biden, you know, eating kids or like stealing the blackness from a woman. 0.81

01:54:51.000 That is our theme, apparently.

01:54:53.000 And we're definitely gonna do some more art with the new studio room.

01:54:55.000 We're gonna do like a 3D printed Timcast thing.

01:54:58.000 That'll be a lot of fun.

01:54:58.000 Or maybe resin printed.

01:54:59.000 Yeah, all sorts of stuff.

01:55:01.000 We can have like a cycling art center that like changes every week or something.

01:55:05.000 We're gonna put little shelves with little stuff on it.

01:55:06.000 Maybe like the gorillas over there on the shelf.

01:55:09.000 Things like that.

01:55:10.000 So we have a slightly bigger room in the new studio.

01:55:13.000 It's gonna be fun.

01:55:14.000 It's actually maybe a little narrower, but a lot larger.

01:55:17.000 Well, a little bit longer.

01:55:18.000 Yeah, we're in an A-frame.

01:55:19.000 That other one has a flat roof, but it's higher.

01:55:22.000 But not the A-frame.

01:55:23.000 It's not as high as the A-frame.

01:55:24.000 Right.

01:55:24.000 It'll be interesting.

01:55:25.000 It'll be interesting.

01:55:26.000 But yeah, check it out.

01:55:27.000 It's Snow White Zombie Apocalypse.

01:55:31.000 Jay Rich says, buy crypto now or be a slave to those that did.

01:55:35.000 Straight up, time is running out.

01:55:36.000 Jay Rich, that's financial advice.

01:55:37.000 People are gonna now file suits being like, Jay Rich told me to buy crypto.

01:55:41.000 No kidding.

01:55:43.000 All right, let's see.

01:55:44.000 Flying Raptor Jesus says, We don't need secession.

01:55:47.000 We need the country ran like it was supposed to be.

01:55:49.000 Every state governs itself, and the Fed has no power over them.

01:55:52.000 They have too much power, and they make states turn on each other.

01:55:56.000 Yeah, the Fed has grown too encumbering, I think.

01:56:01.000 You know, when the idea was like a loose federal government, it made sense.

01:56:05.000 The states did their thing.

01:56:07.000 Now it's just, you know, the federal government is basically the country and no one cares about the states anymore.

01:56:11.000 Yeah, just to give people an anecdote of how much, so that's the thing, like people when they, when you learn in school, like about checks and balances, it's always like the federal level, but federalism used to be the big thing, like the difference in what the federal government could do versus the states.

01:56:24.000 And just to give a quick example, My understanding is the Eisenhower administration, when they built the interstate highway system, they actually had to defend that by saying, oh, well, if we got invaded, it'd be easier to move troops around.

01:56:35.000 So national defense.

01:56:36.000 That's how the federal government has the authority to build highways.

01:56:40.000 Like that was the level of discussion.

01:56:41.000 Whereas later, when someone asked, I don't know if you guys heard this, some reporter from a conservative news site asked Nancy Pelosi, Where in the Constitution does it give you guys the authority to do Obamacare or Affordable Care Act?

01:56:52.000 And she said, are you serious?

01:56:53.000 Are you serious?

01:56:54.000 Like, she thought it was a joke.

01:56:55.000 Like, what do you mean, where in the Constitution?

01:56:57.000 Like, that was the level.

01:56:59.000 The federal government can just do things!

01:57:01.000 Right, like the idea that she had to justify, like, no, it's, you know, health care, of course.

01:57:06.000 Steven Whedon says, Tim, do you think there will be a solar flare next year?

01:57:11.000 I have no idea.

01:57:12.000 Is there going to be a solar flare next year?

01:57:14.000 There's lots of solar flares all frequently, right?

01:57:16.000 Should we build a Faraday cage?

01:57:17.000 Big hard ones?

01:57:18.000 I thought we were going to build a Faraday cage.

01:57:19.000 I don't know where to put it.

01:57:20.000 We'll do it at the new place we're building.

01:57:24.000 Yeah.

01:57:24.000 We'll build it.

01:57:24.000 We should make a science center.

01:57:25.000 You know what we should do?

01:57:26.000 It should be a Faraday cage with a small Faraday cage inside of it and then a Faraday case cage inside of it.

01:57:32.000 Oh, yeah.

01:57:33.000 So in the triple layer Faraday defense, we'll have like a laptop and a cell phone.

01:57:36.000 Yeah.

01:57:37.000 Because in the land of the solar flare destroyed computers, the man with a laptop is king.

01:57:41.000 Hmm.

01:57:44.000 Sonny James says, Rockefeller once believed oil could cure cancer.

01:57:48.000 This robotics of the future proponents think the same thing.

01:57:50.000 My thing is we've seen how the state treats non-essential workers already.

01:57:54.000 I have no hope for what they do to us when the robots actually take over our jobs.

01:57:57.000 Well, haven't you guys played, um, Detroit become human or what it was called?

01:58:02.000 Where like the, the robots become sentient and then, you know, they're trying to escape.

01:58:07.000 They're being oppressed.

01:58:10.000 Alright, let's see.

01:58:12.000 Matthew Hasselhorst says, I told the leftist peer at work about Ed Calderon on your show.

01:58:16.000 He didn't believe the violence is as bad as it is on the border because Ed is on your right-wing show.

01:58:22.000 He says the border is the same under Biden.

01:58:24.000 That's just factually not true.

01:58:28.000 Yeah, under Trump, it was bad.

01:58:30.000 The worst we'd seen in a long time.

01:58:32.000 I believe it's substantially worse now, and it was worse sooner.

01:58:35.000 Interestingly, under Trump, there was a major spike seeing some of the worst levels of illegal immigration, but Trump was freaking out about it and trying to stop it.

01:58:42.000 So at the very least, you could say he had that.

01:58:45.000 But with Joe Biden, the surge actually happened earlier, and Joe Biden literally said we should surge the border.

01:58:52.000 The people who want to come should.

01:58:53.000 I mean, that's a quote.

01:58:55.000 We had Alex Jones on the show, and he said it, and we looked it up.

01:58:59.000 All right, let's see what we got.

01:59:03.000 Wait, what's this?

01:59:06.000 Derek Elwell says, did that guy spend $1,200 on three identical superchats?

01:59:10.000 Really?

01:59:10.000 Where?

01:59:10.000 I want to see that.

01:59:12.000 I don't know if I see those.

01:59:13.000 I don't know.

01:59:15.000 Yeah, no, that's not, that's not true.

01:59:16.000 I think you have incorrect data.

01:59:18.000 That'd be great though.

01:59:19.000 Everyone give us all the superchats.

01:59:23.000 Caleb Goforth says, Hey Ian, I'm from the Youngstown, Ohio area.

01:59:26.000 I'm a welder.

01:59:27.000 Would be cool to talk about the big resignation of cops in the area and the Rust Belt in general.

01:59:32.000 Would also like to give perspective on being mixed in America.

01:59:36.000 Interesting.

01:59:37.000 Well, um, you check the spin the UFO email, don't you?

01:59:40.000 Spin the UFO at gmail.com.

01:59:42.000 General show increase in tips.

01:59:46.000 All right.

01:59:48.000 Brandon McEnn says, Tim, we have, we have to have an open platform solution.

01:59:53.000 I work for one of the big IT providers and they're all having integration difficulties.

01:59:58.000 Interesting.

01:59:59.000 Yeah.

01:59:59.000 Fediverse is something we're working on right now and it's coming along swimmingly.

02:00:03.000 Nice.

02:00:03.000 I think it's simplicity too.

02:00:04.000 It's going to be a lot easier to do.

02:00:06.000 It's just about coordinating it at this point.

02:00:10.000 All right.

02:00:11.000 Let's see.

02:00:11.000 We'll grab a couple more.

02:00:13.000 Jack Straw says, ask Bob to do karaoke in a bonus segment.

02:00:17.000 Do you sing?

02:00:19.000 Yes, I do.

02:00:20.000 Oh, really?

02:00:21.000 I thought that was maybe like an inside joke or something.

02:00:24.000 No, I used to, after like Mises events, we would like take the kids, this is my younger days when I had more energy.

02:00:31.000 We'd go out to karaoke bar.

02:00:32.000 Oh, okay.

02:00:33.000 All right.

02:00:33.000 There you go.

02:00:33.000 There's some footage of me on YouTube.

02:00:35.000 So yes, I do sing.

02:00:36.000 Very cool.

02:00:37.000 Tom Balzer says, Bob, do you plan on moving to Texas or are you a bystander in the secession movement?

02:00:42.000 We're actually moving to Florida for family reasons.

02:00:45.000 So I did realize that, yeah, if I'm pushing the Texas thing, that's going to sound, but no, I, I still think Texas should secede.

02:00:54.000 All right.

02:00:55.000 Under 100 calories says Tim.

02:00:57.000 Soon with the rising unemployment, it sounds like the plot for Detroit to become human.

02:01:01.000 Hey, see, you just brought it up.

02:01:02.000 There you go.

02:01:03.000 All right, we'll do, uh, we'll just do, uh, one more.

02:01:07.000 Adam V. Artori says, you guys should ADV China on.

02:01:11.000 As a guest, they lived in China for a while and have some great insights on China and its government.

02:01:16.000 Fear Chinese soft power, not its military. 0.92

02:01:18.000 And I think that's exactly what we're experiencing.

02:01:20.000 Soft power.

02:01:21.000 Economic, cultural.

02:01:22.000 They're turning our movies into Chinese propaganda.

02:01:24.000 I mean, they got it.

02:01:26.000 They got our basketball stars, our billionaires all saying, oh, China's great because they're getting value from it.

02:01:32.000 That's the weakness in the system.

02:01:33.000 There was, I forget the name of the movie.

02:01:35.000 There was a movie out recently with, it had Arnold Schwarzenegger and Jackie Chan in it.

02:01:38.000 And it was like, you could see, um, you know, some action film, you know, it was a cheesy action film, whatever it was.

02:01:43.000 Okay.

02:01:44.000 But there were parts where it was clear that the actors had been speaking in Chinese and then they dubbed the U S and so presumably in China they did the reverse.

02:01:52.000 So I thought that was a great harbinger of the future of like the melding of, you know, like major blockbusters.

02:01:58.000 And that, in other words, like 30 years from now, I think.

02:02:02.000 The way right now it's like, oh yeah, America runs the blockbuster enterprise.

02:02:05.000 I don't think that's going to be the case anymore.

02:02:07.000 Yeah, you're going to watch our movie with English subtitles and it's going to be in Mandarin.

02:02:10.000 Exactly.

02:02:11.000 And again, some people say, oh, so that's the way, whatever, whether you think it's a good or bad thing.

02:02:14.000 I'm just saying, the people who poo-poo, you know, the idea, oh, China's not going to do much. 1.00

02:02:19.000 Look at their military.

02:02:21.000 But you're right.

02:02:22.000 They're not going to have to drop.

02:02:23.000 They already are buying up.

02:02:25.000 They own a lot of the U.S.

02:02:26.000 Treasury debt.

02:02:26.000 They're buying up real estate.

02:02:28.000 So they don't need to come in and drop bombs to, you know, take over in a soft way.

02:02:33.000 Yeah.

02:02:35.000 Point of thinking that they did this strong, this big flex, like, hey, we're going to ban crypto.

02:02:40.000 Didn't even budge the market.

02:02:42.000 China, this whole Chinese CCP thing.

02:02:43.000 Yeah.

02:02:44.000 All right, everybody.

02:02:45.000 Thanks so much for hanging out.

02:02:46.000 It's been a blast.

02:02:46.000 Make sure you smash that like button.

02:02:48.000 Go to TimCast.com.

02:02:49.000 Become a member because not only will we have a segment coming up around 11 or so p.m., but we have a massive library of like, Hundreds of segments with all of these different guests.

02:03:00.000 Check out the one we did with Alex Jones because that was like an hour and a half long and it was crazy and I have no control over that conversation because he is just, you know, he is a gorilla and he controls the conversation.

02:03:09.000 You can follow me personally at Timcast.

02:03:12.000 Subscribe to this channel.

02:03:12.000 You can follow the show at Timcast IRL.

02:03:15.000 Is there anything you want to shout out, Bob?

02:03:17.000 I would just point people to my website, consultingbyrpm.com, and that's where you can get access to all my stuff.

02:03:23.000 Cool.

02:03:23.000 And people can follow you on Twitter?

02:03:24.000 Yep.

02:03:24.000 BobMurphyEcon.

02:03:25.000 Dude, thanks for coming.

02:03:26.000 Dropping the knowledge.

02:03:27.000 Oh, sure.

02:03:28.000 Thanks.

02:03:28.000 This was a blast.

02:03:29.000 Thanks for having me.

02:03:29.000 Follow me at iancrossland.net.

02:03:31.000 Ian Crossland, everyone on social media.

02:03:32.000 Thanks.

02:03:32.000 Yeah, I really enjoyed this conversation.

02:03:34.000 I was a lot quieter than usual because a lot of it was way over my head.

02:03:37.000 That's what happens when super smart people come.

02:03:39.000 But you guys are more than welcome to follow me on Twitter at Sour Patch Kids.

02:03:42.000 We will see all of you in the member segment over at TimCast.com.

02:03:46.000 Thanks for hanging out.

Timcast IRL - Tim Pool - September 27, 2021

Timcast IRL - National Guard Will Replace Nurses Fired For Refusing Vaccine Mandate w-Robert Murphy

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