podcasts
Tom Luongo predicts Europe’s collapse will trigger a "Safe Haven trade," with gold, Bitcoin, stocks, bonds, and the U.S. dollar rallying amid energy and bond market crises.
In this episode of TFTC, geopolitical analyst Tom Luongo examines Europe's economic collapse and its global financial impact, forecasting a "massive Safe Haven trade" where gold, Bitcoin, stocks, bonds, and the dollar rally simultaneously. Luongo attributes Europe’s struggles to energy dependency, geopolitical turmoil, and flawed economic strategies, including rising taxes and financial repression, which exacerbate the weakening Euro. He predicts the Euro could collapse to $0.50 USD, driven by structural inefficiencies and Germany’s energy crisis. Luongo contrasts Europe's challenges with the U.S., which is attracting global capital to its dollar and Treasury bonds as Europe’s bond markets falter. He highlights the deflationary potential of coordinated U.S. monetary policy under a Trump administration. Emphasizing decentralization and resilience, Luongo underscores the growing role of Bitcoin and gold as hedges against inflation and systemic instability, reflecting a broader loss of faith in traditional power structures.
This episode offers a compelling analysis of the geopolitical and economic shifts shaping the global landscape. Luongo highlights Europe’s struggles with energy crises, bond market instability, and political dysfunction, positioning the U.S. dollar, Bitcoin, and gold as emerging safe havens. His critique of fragile bureaucratic systems and emphasis on decentralization reflect broader cultural shifts toward resilience and self-reliance. As traditional power structures falter, Luongo underscores the opportunity to embrace innovation and sovereignty, urging individuals and nations to adapt strategically to the challenges ahead.
0:00 - Intro
0:58 - Trapping Trump in a war as a last resort
8:58 - Bond markets
13:49 - Bitkey & Coinkite
15:47 - Treasury Secretary choice
20:13 - Tom’s thesis is playing out
25:27 - What do the next steps look like?
31:38 - Better ways to fund the govt
46:32 - SOTE
47:05 - Trump appointments and foreign policy
56:23 - Gaetz
1:03:09 - Zeitgeist shift
1:18:41 - Authenticity of the new guard
1:27:16 - Podcasts are superior
1:33:16 - There’s plenty of work left to do
(00:00) five asset classes not normally correlated are all going to go up together gold Bitcoin stocks bonds and the dollar it's going to be a massive Safe Haven trade as Europe collapses Tom Longo geopolitical analyst and markets expert reveals what he thinks will happen as the Euro continues to weaken due to political uncertainty and energy dependence you know threatening the world with nuclear war that's kind of mean once you go nuclear you got nothing else you can threaten people with right what you're watching now I think is the
(00:28) death throws of the people who really thought that they had everything button up and while Europe struggles Tom shares his reasoning for an unpopular opinion on American interest rates pow is going to cut rates harder under Trump than he would have under Camala Harris I know that sounds backwards but it's true post election analysis geopolitical updates and timely Financial predictions this conversation will keep you fully in the loop at a time when you may need it most It's A Brave New World maybe maybe how are we getting rugged
(01:05) that's what I want to know how are we getting rugged feels too good to be true no we're not goingon to get rug pulled down with this one this is what they're going to what you're watching now I think is the the death throws of the people who you know really thought that they had everything buttoned up I mean you know the last time last couple times we've talked Mario has been you know having to go through the scenarios where things could go wrong right and I think we did a lot of that and um you know it's funny um and I I saw the
(01:34) the the the thing the Tweet you put out the other day of the of the the excerpt you did of one of the the last conversations we did and I was like yeah that was definitely where I was thinking in I don't know July or September or wherever we were but you know um that was one scenario and part of that scenario was still on the table like we're here we're doing this what this is November 19th we're 12 14 16 hours since you know somebody shot something that was supposedly attacks into Russia breaking red lines right with the
(02:10) Russians but the Russians haven't responded yet you know I was talking with Dexter white this morning about all these things and he knows much more about the capabilities of all these weapon systems than I will ever learn because he this is what he does with the spare time I play World of Warcraft to decompress um and uh he reads about what us and Russian Weapons Systems and the the reality is I think if I understood his point correctly is that the attacks that we sent Ukraine that we know we in country only have a range of 100
(02:48) miles and these things shot off an effective range of 100 miles and these things were pinpoint targeted at 140 so really or where these storm Shadows or were these scalps because we know that the Brits have sent those into Ukraine we know that the operation and the incursion of the kers was designed and operated and blessed by the British the goal being of course that you know okay let's take some Russian territory um let's embarrass Putin typical British uh position on neocon position British position on this
(03:30) and then at the moment when our bond markets their bond markets the British and the German start to break down when the government start to come under serious attack we got the German government has already F Fallen lo and behold we get this thing happen over the over weekend where Joe Biden is reported which I don't believe to have um bless this and then 48 hours later the missiles fly two things I one I don't believe that Biden authorized anything um and two I'm not completely convinced that these were us attacks so now the question is why
(04:12) would we allow why would Russia and the United States both go through the process of um the charade of saying they were attacks and go along with the narrative well this just literally just popped into my head as we were as because as I'm going through this I because hadn't framed it in that with that question of mind right well let's think back to the IL 20 the i76 shootdown over Syria in 2019 supposedly the story is that the Israelis were in the area and the guys man the Syrian s200 systems got confused between the Israeli plane that they
(04:55) wanted to shoot and the Russian plane they hit the Russian plane by mistake that was the story that was the story that everybody was sold my good friend waim fores at the time writing for either his own he was writing he wasn't writing for strategic culture at the time he's writing for um his own site and now I can't another the name of that site is I'm blanking on but he went through chapter and verse how that s200 could never have hit that il20 plane elen plane because it was like 260% out of its range couldn't shoot that
(05:35) far scrubbed from the internet were reports that there were missile launches fired from French and UK frigs in the area at the same time so the conclusion we all Drew in the alternative geopolitical space was that Netanyahu the Russians and the Americans and the syrians all took one on the chin in order to cover up British Endor French perfidy in attempt to start World War III via a NATO Article 5 in invocation of some form or another and you know and that's what happened so is this a kind of same thing that's happening today I'm not saying
(06:33) this is true I am running a scenario for yall to error check that's what I'm doing and uh nothing more nothing less but we have precedent for these things so it would make sense that the Russians would blame the Americans for this and it would make sense for the Americans to take the blame because if the British were the ones that actually gave the ukrainians the green light and Rogue elements of the American either military or the intelligence Services gave help to this attack with the satellite service then the deconfliction hotline is
(07:10) running really really high right now and working overtime to stop all this that's what I'm that that sadly makes the most sense to me and uh let's yeah so that's where I and it aligns with one of the theories we discussed the last time you on a couple months ago MH lead up to the election I think you laid out two scenarios or maybe three make it too big to rig two scenarios make it too big to rig right um so there's no question which is exactly what happened and the two scenarios after that were were if it wasn't too big to rig the one scenario
(07:49) was time up in law fair try to take it to the courts and have uh Constitution step in and be like we're going to make sure that he doesn't get in too big to rig that's not possible fallback plan is World War II it seems like fall back fallback plan fallback plan to the 14th Amendment which Jamie Raskin has been talking about is nonsense Trump's not an insurrectionist um the other one of course is and if you look through it I wrote I wrote a big tweet the other day about this it was popping into my head because the and the oh and we're not
(08:22) done with the with with the with the actual get here um start World War III okay leave Trump with a war that he can't get out of easily which has been my theory for two years now like they don't kill him and he wins the election then you just leave him with a bunch of poison pills that he can't you know he can't fix quickly that everybody wants him to fix that's also you know that also rhymes with history with the very people who are involved in this particular thing when when you when you mix that with the the movements in the
(09:06) bond markets which is what I was talking about for my clients at Newsmax this morning it's pretty and I was just looking at the charts I'm like well how do you stop a meltdown in the long end of the Melt up in the long end of everybody's yield curve because now Trump's going to come to power there's going to be a recession because you know he's going to take an ax to the government there's going to be a lot of there's going to be a lot of turmoil and so the long end of the yield curve should should rise in yield in
(09:34) order to offset the risk of you know some political infighting and you know and all the rest of it fine okay and the potential for a recession fine I want you know I want higher yields and that has to be fought because if the US yield curve sells off then everybody else's yield curve has to sell off because there's trillions of dollars of currency and interest rate swaps that are out there and and hedges and and and all of it that are tied to specific ranges of spreads between one sovereign debt and the other or one currency's exchange
(10:07) rate versus the other this isn't this this this is just the practicality of living in this world right and that's not going to change by the way if Bitcoin takes over the denominator every in all of these things will be Bitcoin as opposed to the US dollar right it's still going to be the same processes are still going to be there just to remind everybody that you know we're not there you know that even the future world is still going to have some vestages of this so it's it's incumbent upon everybody to Bone up on
(10:39) these skills and Bone up on this type of analysis in order to be able to be better at trying to handicap what's going on next that's what I've been trying to do I know that's what you've been trying to do and you know and all of it so um so what a shock to find out that you know with the Euro and the the pound last week breaking down hard you the pound hit 126 the Euro hit a low below 105 just touched just briefly below 105 like it was a big move down oil didn't move in price therefore now you know Energy prices relatively speaking are
(11:14) rising for the Europeans even if oil prices stay flat because their Curren because their currency buys fewer barrels of oil um and then that translates into the need for higher bond yields so if we have the US yield curve selling off then the German yield curve should sell off and the UK yield curve should sell off and the French yield curve and the Italians and everybody else's that's just the way these things are going to work well we get to the red lines of the German tenure on 2.
(11:44) 4% currently is what Christine Lard has been defending and about 4 and a half% on the UK guilt 10-year guilt and lo and behold someone Engineers a moment where money needs to go to ground and go to the deepest most liquid markets in the world I.E the the safest the safe haven of Safe Haven Assets in today's world for many many Financial players maybe not the bitcoiners in the audience maybe not the gold bugs in the audience but certainly for Pension funds and the two and car the 2 and20 carried interest rate guys and all that all
(12:18) those that world which doesn't deal in those assets and that's fine those guys are going to move into us treasuries like it or not doesn't matter whether you like it that's the reality um and so you can see that if you engineer a rally in the US Treasury well what does that also engineer a rally in or at least arrests the selloff in the UK guilt the German Bond the French French bonds I don't remember the name of the French bonds you know Italian btps and all the rest of it um interestingly Japanese debt kept selling off because
(12:54) Japanese aren't defending that anymore because they need higher yields and they're not fighting higher yields they're just allowing the Yi the long end of their yield curve to rise in stages but they're not fighting a limit anymore um they're above their stated limit of 1% on the 10e so um we put all of that together and that's where I think we are and I think Putin understands this I think I hope Trump understands it and uh now it's just a matter of everybody you know keeping the hotlines open keeping the lines of communications open
(13:33) to let real information flow to both sides while those who are twisting in the wind well with those who are you know who were swimming naked as the tide goes out let them twist in the wind like as I mix metaphors like so much linguistic concrete um but you see you get what I'm saying Su freaks this rip of tftc was brought to you by our good friends at bit key bit key makes Bitcoin easy to use and hard to lose it is a hardware wallet that natively embeds into a two3 multisig you have one key on the hardware wallet one key on your
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(15:32) want to take care of your security before Bitcoin goes to six figures make sure you get your Bitcoin off exchanges using coin kite Hardware MK4 cold card Q got to coin kite.com use the code tftc we have a code now tftc for 5% off at checkout I think the signal to me that Trump maybe not that he he knows exactly what's going on but is cognizant that there is something going on and he should make a very strateg decision that could affect the outcome of all this is the leadup to the announcement of the treasury secretary it seems like that is
(16:08) a position that he's thinking very long and hard about and taking a lot of console around yeah he should he should the most important position in this in this administration because ultimately if I've been right about what I've been laying out about the fed and the treasures and you know the fight between Powell and Yellen and all this stuff I'm again I y'all salt all that analysis to taste I I don't care I happen to think I'm right but I'm also willing to admit that I may be wrong right but if I'm right about all that and that's our and
(16:37) that's our boundary condition for the for the thought experiment then who's ever at treasury has to be a person willing to work with Powell hand in glove to deliver a monetary and fiscal policy that's aligned with the new incoming Administration and we don't have and we don't have any more infighting we had him fighting globalist Yellen versus my argument sovereigntist Powell but now we've got sovereigntist in charge so the treasury secretary can't be the globalist snake in the grass which is what the GOP is arguing for at every at
(17:12) every turn they keep trying to throw these globalist you know snakes in the garden into the mix and so far Trump has I think done a very good job of resisting that um we can discuss Secretary of State we can discuss some of those other people but I don't think they're like they're not gerain to this phase of the conversation we can we can have that conversation a little later if you want that's fine I don't have a problem with that but for right here right now if he makes the right decision about treasury secretary and I'll be
(17:40) honest with you all the people that have been floated don't seem have a lot of upside like Scott bent has a lot I think it's bent right has a lot of upside because he knows where soros's bodies are buried I look at him and I say he could easily be Jim Rogers because Rogers used to run a fund with with with with with Soros and when he figured out what Soros was he left yeah that's a lot of people are fearmongering around Scott bent due to sora's connection I actually know a few people in my network who the sorus fun and
(18:16) they're completely diametrically opposed to his worldview as well so I think the idea somebody worked at the sorus Fun in the past who knows they may be aligned with him and um his view of the world some extent but you mentioned Jim Rogers I know another and they do not share the same worldview right and remember just because you worked for somebody doesn't mean you agree with them it was an it was a job opportunity you took it and you worked with it and then you put it on your resume and then you went on to
(18:46) other things like you know that that kind of analysis of the of he worked with this one worked with this one he connects to him that's a a world that doesn't allow for growth forgiveness Nuance or anything else it's just tracing connections and it doesn't really mean anything right unless you have you know unless you dig in and find real meat on those bones it it's analysis that doesn't it's it's it's a fact that doesn't have any significance there are lots of facts in the world that are not really all that interesting
(19:20) lots of facts in the world that aren't interesting I have a fact for you I have like 140 board games is that an interesting fact no it's not no one gives a like you know what I mean mean and you shouldn't other than maybe that oh Tom's like insane that he owns 140 board games well okay and maybe that calls your analysis of me okay maybe in that respect it's interesting but you know anything beyond that you really shouldn't you know because it is what it is like part of that I you know whatever we can we can draw whatever conclusions
(19:49) from that fact you want but it doesn't necessarily isn't necessarily gerain to the current conversation same thing with Scott bent or um you know in the past Jim Rogers like I don't I I've never question Jim Rogers I it's very obvious I've met Jim Rogers I've been in the room with the map it's very obvious that he's too much of a gentleman to say what he actually thinks to juros that simple you see it on his face yeah no when it comes to bent too I mean we were talking about this before we hit record but um appreciate what Howard
(20:21) lutnick has done for Bitcoin as an advocate but in terms of becoming treasury secretary I'm happy that he's in the Commerce yeah head of Commerce because I think treasury secretary needs somebody letnick comes off to me like a brute like just knows how to make money goes in I think we need somebody very strategic yeah when it comes to treasury secretary particularly for running with your thesis which seems becoming uh more True by the day more True by the day right and and I'm happy to be I'm happy to have been right about it like not
(20:55) because it's my ego but because dude it gives us some hope that maybe all this is is going to work out that's what I I mean you know this is not about this is about if it's about anybody associated with me it's about my daughter okay if you you know if you if you guys want to know what my freaking motivation is to try and find like a array of Hope in this world just because I'm trying to figure out how to to navigate you know leave my world my daughter a world that doesn't suck okay and you know she's turn she's 18 and and all the rest of it
(21:27) so that's where we are and so I can see that about lck I'll actually be I'll actually further your point I I agree with you completely we need somebody at secretary Dave Colin made this this point U when I was on with him and Jim consel and Tommy carrian about a week and a half ago right after the election and Dave said he loved the idea of Stan dren Miller because dren Miller understands Plumbing he understands the Marcus he's never lost money I mean relatively speaking on an annual basis man's never lost money and he said you
(21:57) know this is very early in the conf ation the Friday after the election and bent has got dren Miller's approval saying exactly what colum said about dren Miller so you know I'm okay with that if that's what we we are going to need a guy who understands way Mark way money actually flows through these accounts and through all of these channels and then how the FED helps to manage that and if they're on the same page about how to change the flow of Dollars around the world such that more dollars Circle that are that are
(22:39) produced Circle circulate domestically as opposed to constantly being sent out overseas to colonize the world which is what we've been doing um if they're both on the same page there because it's clear that's what Powell's been doing and it's clear that yellen's been trying to do the opposite if we have a treasury secretary who understands what Powell is doing how he's doing it and why it's significant this could all change very quickly and the dollar Index is responding to that and the the clearest chart for anybody to watch is the dollar
(23:12) index chart you know we're we're threatening a November breakout of a two and a half year band below 106 well 1065 we we Clos it 1662 on the dollar Index on the end of this month dude we're going to 120 on the dollar like me and Francis Hunter are going to be like you know deciding you it's going to decide you know who was more right like it's going to be hilarious and be like no Francis you can grow with that you if you if you need to be right more right than I am if that's important to you you can go you can go ahead and do
(23:42) it I don't I'm just I'm picking on Francis good he's a friend I like I love Francis a lot and I've been on his show many times um but you know um yeah I don't know like that's what I see and you know Martin Armstrong will eventually wind up being right as well and it'll and 120 on the the dollar Index will be a bad scene okay but it'll be a necessary Bad scene for us to get through in order to get to the other side of this transition states are always messy but it's a dollar Index at 120 in and say by the end of
(24:16) 2025 is indicative of a transition state from one set of monetary parameters or one way of looking at the world to another state and it's like a chemical reaction that has to go through a trans I State and the dollar and this thing of the dollar Index at 120 paying off Bren Johnson's milkshake Theory um is uh is that necessary transition state you know in very broad kind of metaphoric terms for the Layman to understand I mean with that in mind too if we're running with bent or I mean I've seen Senator Bill Hagerty right
(24:52) floated as well and I I've personally met Senator Hagerty and not to be honest not sure about his knowledge in terms of the interworkings of the plumbing which you described earlier but I do know he's um he's he's like he was tapped during Trump's last Administration bill I need you in Japan to go fix stuff he went and did that and I know he's on board right um to to make sure that if there is a mandate to change things and he's tasked to do that he will do um I believe he will do what is necessary to get the job
(25:26) done um but with all that that in mind when you factor in I guess we're running with the Assumption now because it hasn't been announced whether it's percent hackery somebody like them that gets put in this position you factor in the tariffs the tax policy Doge what do the mechanics look like if all that's in place to get us through that transitionary period what are the types what it looks like yeah that's a good question it's a good it's a good way of looking at it um what I'll say is this um you're going to have that weird
(26:00) moment that Martin Armstrong has been Waring us about for a long long time where five asset classes are that not normally correlated are all going to go up together gold Bitcoin stocks bonds and the dollar it's going to be a massive Safe Haven trade as Europe collapses the dollar could go to 120 or even 130 because the euro is going to collapse at 50 cents the pound collapses to 80 cents okay the Yen you know the Yen hold in the 150s while the Japanese divest themselves of a lot of their dollar Holdings in order to defend the end we
(26:35) get another round of commodity cost push inflation because you're going to see um the following Powell's going to cut rates harder under Trump than he would have under Cala Harris I know that sounds backwards but it's not but it's true especially if the dollar goes much the dollar goes higher there going to that means there's a a massive demand for dollars and to blunt that rise you cut credit more aggressively than you would have otherwise it also would then support a massive cutting of domestic spending which is going to be
(27:12) deflationary there's going to be some tariffs that's going to be deflationary there's going to be there's a lot of things that are going to be deflationary there's going to be deregulation at the same time which will be inflationary because it's going to put an upward Demand on Raw Goods as the markets unfuck it unfuck themselves Pal's going to cut interest rates which means this credit's going to flow more freely which is going to be a little inflationary so what Powell's trying to do is and what Powell and the treasury have to ma
(27:41) manage here is how to balance the deflationary forces of cutting some spending um the fed's still continuing to shrink its balance sheet very important Powell's still doing QT by the way while this is going on and cutting interest rates so we've got deflation about the you're cut interest rates and then you're going to have commodity and that's going to unlock commodity demand as people start to try and invest and buy things and do things because the lack of Regulation I mean IFC ramaswami is is is serious about what he's
(28:14) saying he has a mandate to stop to stop all of this unconstitutional regul the regulatory miasma that was put into effect under the Chev on Doctrine it's not oh now we get to sue the government to get these cases overturned no these cases are already been adjudicated as unconstitutional and all of this stuff is null and void Cafe rins that the Clean Air Act all this stuff every bit of it and if they're serious about that dude the disruption Is We I can't even describe the disruption I can't fathom it I can't imagine it okay and I and and I got a
(29:02) big imagination right so um yeah like it could be big so on the other side of that Powell is going to have to accommodate this and if he wants to have a non-adversarial relationship with the treasury Department and with the president well the president's going to the the president's going to want lower interest rates because he's gonna now he needs to fix the entitlement to pay out the cost of the entitlement systems right and he needs to fund that Deb and fund the roll over the debt and everything else at lower interest rates
(29:34) moreover um and power will should be able to give him that um but it doesn't mean he's going back to zero bound means he's going to go back to 3% as opposed to four well on the rollover topic M do you worry about that with the the last two cuts despite the cuts the the long end of the yield curve has gone up like do they have to get that under control I I don't worry about it too much because I don't think anybody's willing to give us duration yet okay what you're going to see is pal cut the short end cut to
(30:04) create an upwardly sloping yield curve at current long end prices because you're going to have to there's going to be sincere demand for the long end of the curve still because there's still demand there's still going to be demand for the US treasuries is collateral okay it's still going to be in the system and if Europe melts down money is going to flow into the long end of the yield curve because well you know who's who's not buying a a revamping United States it's a 4 and a half% right yeah okay so but if he cuts the short
(30:34) end of the yield curve then you wind up with you you wind up at the end of the quote unquote bare steepener trade it's not you don't get a long-end selloff what you get is a long end holds between four and a half and five might rise another 50 basis points or so but then the short end of the curve slopes down to three I think by the end of 20125 I think you know like the we are in such flux that when I look at the way the um the way the demand curves for money the Futures curves for money are pricing I keep saying they're
(31:07) mispriced over and over and over again I was right about this last year I said them pricing in seven rate Cuts in 2025 was dumb we're not going to get seven we're not going to get seven we're going get three or four I said three we might get four okay I was off by one so it was not seven we're not 3 and a half% last I checked but the idea that Powell's going to hold rates higher under a trump Administration cutting spending and cutting regulation this is the other thing I want to I want to pop into people's heads a lot of hand ringing out
(31:40) there about how we can't cut there's so much of the budget can't be cut because it's all entitlement spending and defense spending and you know whatever and and an interest rate an interest debt on interest servicing the debt interest payments so you can't cut a dollar out of Medicare because cost have ballooned out of control in the healthcare industry because of the because you know the um because you know we're getting every dollar worth of value out of the money we put into Medicare correct you really believe that you don't think that
(32:15) there's not 50% waste I'm not talking about people actively defrauding Medicare I'm talking about the administration of Medicare and the administration of health care costs at the hospital level based on all the regulations that the hospitals have to deal with and the and the doctors have to deal with and the billing and the this and the that and all that crap that's what's causing the prices that Medicare has to pay out to the health care providers to keep them solvent the beholders to the insurance regulations
(32:43) well same thing cut the and same thing did the insurance companies cut the cost of that it it cut the amount of money it cost to take Medicare provide a health care service cut that by 50% and all of a sudden Medicare expenses are cut by 50% because the payouts are lower because you in introduce I don't know something called the market back to health care providing no we can't have that Obama nationalized it like everybody who says we don't have we have private healthc care this is full of this is why literally is
(33:22) why I stopped listening to certain people that in my in you know 2018 2017 209 18 2019 2020 there was a Cadre of us that were you know in the in the alternative geopolitical space it would be like Bernard at Moon of Alabama pep Escobar the saer those guys and I remember during covid Bernard at Moon of Alabama who's by the way former German intelligence um going on this epic rant about how at the beginning of Co the United States was because its private Health Care System would not be able to deal with the and he and he was
(33:57) doing this with an asot of shoden Frey as well by the way so the tone was unbelievably dismissive and obnoxious and so because the private healthare system in the United States will not be able to deal with this kind of thing it won't be able to coordinate it won't be able to BL like like what the are you talking about dude we have we have a more we have a more nationalized healthare system than you do in Germany or do you not know anything about how Med you know Medical Care actually is delivered at the insurance
(34:24) level in America the only people getting Medical Care in the United States are the people who are uninsured doing using con a service everybody else is just feeding the billing machine I'm on the same boat I I haven't bought I refuse to buy an Obamacare policy I'm 56 years old I don't have health insurance okay I refuse I have a count service down in gainville that takes care of me and my family and are we are you know are we are we doing a Highwire act in case I get you know I wind up with cancer tomorrow yeah I am and at
(34:53) some point will I will I get a catastrophic policy yeah but I'm gonna wait until this I'm GNA wait till this blows over there's going to be a moment in the next two years where all that shit's going to change and then you're going to watch me you know Punk my dollars down on the table and buy them and buy the freaking policy yeah but there's so much that can actually be cut if you just start to think about the mechanisms by which we spend the money we spend the money badly it's like the defense it's like the the
(35:25) the defense department badly is under selling it it's yeah I mean badly is under selling it I'm like I'm I'm New Yorker I'm a New Yorker I try to say it I try to I try to say sell badly with in with with you know with emphasis right in order to like get it across to you it's horrific how's that is that a better word you know catastrophic more descriptive um gargantuan you know no and like to you're point about V I mean Elon was even signaling this I forget who he's being interviewed on or by but he said they said like you're
(35:59) going to go cut all the spending it's like yeah we're going to cut a bunch of programs maybe we'll find out that some programs were actually necessary we'll bring them back but it's going to be this trial and error where you just you know there's a gargantuan problem and a lot needs to be cut you just start cutting and things that were actually valuable will prove to be valuable in retrospect you'll just bring them back I don't think I don't think that's a terrible strategy no I don't think it's a terrible strategy at all because the
(36:27) the the idea that we should absolutely assume that everything again assume that everything we're currently spending on is a net good right that by definition everything we're currently doing is good this is always the way it's framed we are doing X because X is good and that if you take 10% of X away then we're cutting 10% of good like we know that's a lie right so the same thing with the defense department like can we not think that we can't get the same level of service out of the defense department for half the
(36:59) money literally half the money I think 10% of the money I'm I'm again I'm just trying I'm actually trying to soft sell the 50% cut I know it's 90% Marty I know all of this is but when I'm saying is even when you go to present it to somebody who's unconvinced go in with 50% give them a number that they can wrap their brain around and then when you say oh what oh look we cut 50% of the defense budget we're getting we're getting better weapon systems than we did before we're getting better value for our money maybe we can find another
(37:33) 50% and we just keep doing the Paro thing 50% or 50% or 50% until we finally get you know get down to a number that doesn't suck and we can fund with tariffs and Exile taxes which is the way we should be going and oh by the way everybody talking about the in you know let's get rid of the income tax yes let's get rid of the income tax it's expensive it's the tax code is horrible all of that stuff but we don't replace it with a vat yeah explain I TW about this this morning you were pretty pass absolutely do not replace replace the
(38:02) with a vat that that's freaking European communism on steroids even without an income tax even if you repeal the 16th Amendment which you'll never get through this Congress anyway so it doesn't freaking matter um and there's and the last I checked there's more than 15 states without voter ID and you need three you need three quarters of the states to sign off on this and you know that'll never happen um so the V is terrible just in conception we can like if the government provides a service that you know like I
(38:35) don't mind paying GA gasoline Exile taxes to the State of Florida and I pay a lot because they build roads with that they maintain the roads the roads are in good shape they constantly expand the infra the infrastructure with it they do good things with that money I mean is there a better way of doing it maybe the hardcore Libertarians are are right and there's a slightly better way of doing it fine but as of right now I don't need a state income tax to do it we run the whole state of Florida with a massive
(39:01) Surplus and can send most kids in in in most a students in Florida coming out of high school on a on a three quarters or full ride to a state institution and and and we're over and we still have a surplus billions of dollars from property taxes exis taxes and and and sales tax that's it like I'm okay with that you know V is sold to you as a sales tax it's not a sales tax because it's it it hits every struct it hits every stage of the structur production this is a sales tax by the way which also bothers the crap out of me should
(39:34) only be S only be exis taxes on the finished goods at the point of consumer demand and everything else is is is nonsense this we already have a 7% vat seven six to 8% vat depending on where you live in the country it's called a sales tax same thing and by the way it's enough it's more than enough so sorry they don't need more than that yeah Exile taxes are the way to go if we have to have we have to fund a government we have to have a government again you know I'm I'm leaving the hardcore you know Libertarians in the
(40:09) dust here the anarcho Libertarians in the dust here I'm not talking philosophy I'm talking pragmatism if we have to have a government has to do something we wanted to do things we should pay court we should you know the court should charge fees for their services hey you know you go to court you pay the fees for the judges time and for the clerk time for the bay and okay fine we pay some fees like you provide a service you you know you want your you want you you bought a piece of property and you want the the government to um be
(40:38) The Record Keeper of who owns what property and and all that fine great what do the doc stamps cost like I have no you know every time I buy a piece of property or sell a piece of property or something like that mean I don't do a lot of this in my life but I've bought a few in my life I like this is this is the rarest occasion where I like get angry or even when I buy a car right doc stamps and all that stuff for the for the registration what do I give a it's 150 bucks here you go like to register my car that to know that
(41:07) there's a database and an infrastructure in place that if someone steals my car that I can prove that it's my car because I have the title to it that's worth $150 to me and I don't give a if the free market can do it for 110 you know what I mean yeah I mean I I I'd like to get to the point where our Society is so efficient and so unregulated that we have that conversation yeah let's cut another 40 bucks off of this we're not there yet right let's cut let's cut that out because that's unnecessary wouldn't that
(41:39) be great to live in that world Peter St John's this afternoon was literally screaming about oh by the way and lovely lovely man I love Peter he's I did a podcast with him a couple months ago met him for the first time he's lovely man I saying we spent $546 billion a year preparing our taxes and that's just the tax that's just the cost of tax preparation that's not the Unseen cost Harry Haslet like economics in one lesson Harry Haslet like saying of all the Unseen costs that go into preparing those returns all the people the
(42:15) compliance officers the tax officers the accountants at the companies you know all the time you have to spend if you're if you're a so proprietor having to get all your receipts together at the end of the year organize them put them in a spreadsheet send them over to the accountant to to bless and all they do is they take your numbers Anyway by the way you have to still do all the like work they just package it in such way as to make sure that the forms are filled out properly that you and that they're willing to sign off on the numbers you
(42:45) gave them as being true and correct to the level that you gave them if you didn't give them the right numbers your accountant doesn't you know the accountant's on the hook for that you know I mean that's the way it is and that's a that's a that's a terrible system that's all hours lost where I or you or anybody else yeah I could rant into a microphone an extra two hours a week if I didn't have to you know spend 100 hours preparing my taxes every year right days loss I mean imagine running a company on a Bitcoin
(43:16) standard it's uh or or how about the local tire guy right or the local restaurant tour right having to manage all the receipts and the this and the that all the accounting and the small books accounting and everything else just to make sure that he's tracked all of his numbers so that he can pay the government the right amount of money on envelope day to make sure he's not light and I'm now making a Sopranos reference that's what this is and I'll I'll be honest with you when you think about it that means that that's time not spent
(43:49) serving food fixing people's cars surveying their land spend whatever family whatever spending time with your family any of those but I'm just talking about the wrot economic just just the first order effect is just that's time not spent that I don't that I can't spend on my business and that then winds up being time I take away from my family and take away from my community and I don't have time on the weekends to go clean up the local park or you know or be this kid soccer coach or or any of the or any of that other stuff we're all spending our
(44:24) extra time preparing our taxes it's a big broken window fallacy writ large it's just that simple and it's disgusting and it's horrific and it's dumb and we should stop doing it I completely agree and I mean I guess that's that's probably unlock $2 trillion do with the GDP easily because all these people are not doing what they are have a comparative advantage in doing they are doing work I'm a bad tax preparer but I'm an excellent geopolitical analyst so so I don't spend an extra 2 hours a week or whatever it
(45:00) is doing the that I'm really good at getting paid for it meanwhile I'm running around collecting receipts and and having to be a bookkeeper I'm terrible at that so do you think I'm going to do that well no I'm it it it could it could take a it could take a person with good skills in that 50 hours to prepare my taxes but it cost me a hundred you're not and you know it's funny I I went on this rant and some guy came back to me well how do you measure that the the Unseen stuff I'm like you don't you you can't measure
(45:33) something that didn't happen yeah you figure out after you get all that out of the way and then it's like oh look at all this economic productivity that no what happens is when you cut the taxes you find out that when you cut the taxes when you cut the IRS when you cut the regulation all of a sudden all these projections well that's going to cost us 10% of GDP and and it turns out it's two or it's one or as opposed to a cutting GDP by 10% GDP expand by 3% and all the economists and all the academics are shocked shocked I
(46:04) say that this happened I'm like yeah because you're an idiot and you don't understand secondary tertiary and ordinary effects so as I said to this guy back I'm like if you if you're asking me to measure something that didn't happen you're either a an idiot b a a shill for thieves an enabler of Thieves or see an academic or or D all of the above I happen to go with mostly idiot but you know there you go this rip was also brought to you by a good friends at salt of the earth you got to be hydrating Freaks and while you're
(46:38) hydrating you got to be getting your electrolytes this is the best electrolytes mix that I've ever come into contact with uh Pink Himalayan salt with calcium magnesium potassium sodium no sugar it tastes incredible my favorite is the orange and the pink lemonade go to drinks.com that's drink s.
(47:01) com use the code tftc when you make your purchase and you'll get 15% off I'm telling you get on it freaks you're going to love this stuff it seems again before we even hit record I was like how we get or right when we hit record how are we getting rug but when you factor in everything that's happening right now letnik today Commerce Secretary right before we went live do Oz head of Medicare Medicaid um Chris right I mean this is this one hits close to home cuz I've had Chris on the podcast before years ago and what he did at Li Liberty Energy like he's incredibly impressive CEO in
(47:36) the oil and gas sector and it seems like he's being put in that position to revamp yeah the oil and gas sector treasury secretary unknown yet but there's some good names in the mix obviously Tulsi RFK Jr B Elon like this does seem like somewhat of a Dream Team actually go out and affect this change and with that in mind we've talked a lot about the benefits this could have on the US economy like how is the European British side of the fence reacting to this like what badly they're trying to start World War II yeah but what like it
(48:16) doesn't like I don't think I don't think anybody's buying it I think everybody saw no the announcement and the launches go off they're like yeah you let's wait 60 days and get the adults in the room and blow over um and then it seems like Trump's also positioning to the East China specifically like doesn't want to ban Tik Tok anymore has essentially come out and Signal Taiwan figure it out yourself like we're not going to we're not going to lose American lives over Taiwan right um and then you have this is a distinctly non-
(48:50) neocon foreign policies that he's setting up even though there a lot of the people the fir see Trump was very smart in how he the overt window on this if you I don't know if you noticed the first thing he did was he announced all of the pro-israeli members of the cabinet and the foreign policy to pace and everybody and then he allowed that all to percolate for about 48 hours then he can't then he hit us with gabber dni gates for AG which is by far my favorite well let's stay in look before when you finish I'm not gonna go on r on
(49:25) M we'll do that later but the RFK K and all these other ones right all these other very good appointments Ben Carson a Surgeon General right um so but he did that it's like first it's those guys the Marco Rubios and the he and even hexa like I look at some of these people those even those appointments those appointments all all in the foreign policy front outside of the pro-israel stuff is all about Heth is is is qualified his his resume is stock to the gills with making the military strong here like it's it's anti
(50:03) it's it's completely anti-woke in that respect that's what his job is going to be a sect def more than anything else telsey at dni rat Cliff at CIA that's a powerful combination tuls is going to oversee all of these people and we're going to have somebody Trump trusts who is conscientious and wise Beyond her years in that position to coordinate and filter for the president and give the president and and so one of the things that's interesting about Trump I I I I I want to um was it was it it wasn't let listen to
(50:43) Somebody talk about this and I don't know that it was gabard maybe it was gabard she was talking about this when Tulsi said was um that of the it no it wasn't it was somebody who's been in the room with three different presidents and they're like I've been in the room with bush in the room with Obama I was in the room with Trump and of the three of them Trump was the only one to ask pointed questions to be engaged to set the agenda back to ask for more information everybody else knew how to tr who what eventually figured
(51:22) out what Bush wanted and then gave him exactly what he wanted same thing with Obama gave him what he wanted Trump got information assessed that information thought about it asked questions drilled down and then demanded more information and that completely destroys the narrative that Trump is disinterested and he just sits around and watches Fox News and drinks drinks di Coke all day and then and then tweets on his phone which is bull crap so you have if that's the real Donald Trump in the white house having telsey gabard on
(51:55) the other end of that conversation that's a different world than what we've had so gabard is going to and the FBI director is also going to be a very very interesting um appointment but we can't get there until after the inauguration for reasons um yeah we Chris Ray doesn't get moved out until after the new Administration comes in apparently for whatever reason I think it's um the way the appointment works so she's going to lift the pressure off the junior analysts and all the and all the intelligence services and say oh no
(52:32) the president wants this information and the guys who have been toiling away in the battles of quanico writing reports that they can't send up the chain of command because nobody in above above them in the chain of command wants to pass that information up because it's contrary to what the president wants to see or what the National Security Council wants to see so they never get there and all those guys all the way up the line all want to get their promotions so so their promotions are dependent upon ensuring
(52:59) that the right information makes it up to you know that's the way the bureaucracy works because there's top- down pressure saying give us what we ask for not what we need what if that changes and it's not oh no no no we really want that information now now all of a sudden those voiceless guys at the at the the bows of Langley and quanico are going to have a voice are going to have a going to have a conduit it this is something I've talked to Larry Johnson about because Larry's literally experienced firsthand and um have a couple of
(53:30) conversations with L about this so um I was on his show the other day and I he was on my podcast to been six eight months ago talking about this stuff so that's a very Empower that's a very empowering thing and I think that that's what's important to understand in terms of a foreign policy thing Trump is going to set the foreign policy here okay I don't worry about Marco Rubio at this point because Marco Rubio is clearly a signal that we're changing our Focus from Asia in the Middle East in Europe to Latin America that's why Rubio was picked
(54:03) what' he say that Rubio has has has extensive and I don't know I'm not saying that our our our our policy in Latin America is going to be good I just it's going to be the focus cartels particularly like well maybe maybe he speaks the language he's got a lot of respect within the community you know he's got a lot of contexts I mean Marco Rubio has a resume we all like to kind of cartoon him up as like you know I don't know Cuban McCain but he's not okay he's not good I mean but he's it's better I would actually prefer him
(54:37) as Secretary of State because now he has to perform and he can be fired couldn't be fired a senator and now we get to filter somebody into you know the other Florida senate seat who we can trust that's not squishy it doesn't have what I like to call a manila envelope quo an meq that's you know off the charts because Little Marco has a big minle envelope um pile on his desk of who owns you know who owns him so remove him from the Senate where his vote can be you know manipulated and put him in Secretary of State under a direct chain
(55:15) of command from Trump to you know from Trump to him and with getting information from gabard and gabard working against anything he tries to insert into the process that you know what I mean like he can she can now temper Foggy Bottom and do you think gab's simply going to be a conduit filter for information or do you think structural change will come oh I think it's a structural change but dni is not really not really a structural position it's really a traffic cop amongst all the intelligence agencies it's also only a 20-year-old
(55:48) position I mean we only created that position after 911 to coordinate all the different it's not like it's one of these things like the Department of Education like oh we we've never we've always had a Department of Education no we didn't it was creative during the Carter Administration like like off the same thing with Homeland Security it's another one of these agencies that does nothing and costs us a lot of money or does very little for the amount of money for the the cost benefit analysis at best what I'll say is the cost benefit analysis on
(56:18) DHS um is very poor well let's just put it that way well this get back DSA obviously well when it comes to like structural reform tyly the intelligence and the doj I guess that comes back to Gates which Bingo where you let the Pitbull out yeah you want the Pitbull there like um you know Matt Gates Elon Musk came out with a brilliant tweet about Matt Gat I don't know if you saw it or not I don't think I did he said mat Gates has three qualities that make him the most qualified person for being uh for being uh uh attorney general I don't remember
(56:52) what those three things are so basically he's you know he's not corrupt he's he's a bull he he he's an absolute bulldog and he won't you know he won't let anything go and you know and he's tenacious as hell and and and uh you know and he's uncompromising now for there was something else Elon had three points it's a famous tweet it's got four it's it's typically on tweet it's like you know it's got six eight million views already um he said it makes him supremely qualified to be um attorney general now M eight becomes a
(57:24) very interesting political football because again we're now deep into the battles of Florida politics um Dexter white and I did a an episode of my podcast last week going over a lot of this in in detail because you know we're to for iians and and and Dexter has a a nearly encyclopedic knowledge of Forida politics going back for most of our Lives because he's a native Floridian and you know was always politically much more astute when we were younger you you know when I had hair um so you know he's always known this um
(57:58) this stuff so this for him is is this is where his you know his specific knowledge is really good his argument is okay if the Senate stands their ground on Gates and doesn't allow him to be AG um then with Rubio in at State then the santisis turns around and app points GES as Rubio's replacement in the Senate that's still a win because now we replaced Marco Rubio with Matt Gates one less squishy Republican one rabid Republican or Trumper on in the Senate uh representing one of the most important states in the union the third
(58:39) most important state in the Union um and then the AG position Dexter's argument would be then he turns around and says okay not Ronda Sanz because this too much bad blood between them anyway and desantis's job here in the in Florida isn't finished it's um Ashley Moody the current Florida attorney general under the santis and she's a bulldog as well and you put her in and uh then maybe there's a quid proquo in 26 or 27 you know the at the midterms where you do a mid you do a midterm reshuffling of the cabinet and
(59:18) maybe by then the santis and Trump have you know buried the haet or whatever and then the santis could SL in his G and that would be excellent you know I mean you need some you need these people to come in and just be and just rattle everyone's cages because if in total if you look at this cabinet this cabinet is really designed to take on the domestic corruption and root it out and start reversing the process it's really not about setting up fights with the legislature which are going to fight Trump trump tooth and Claw anyway
(1:00:00) because the Democrats are still cheating to create a less durable advantage in both houses of the legislature so the thing to do is to not worry about that just say pass a goddamn budget and leave me alone and fight amongst yourselves I don't care um and then this cabinet gets all the wins that the people want which then paves the way for a midterm sweep right McConnell retires Lindsey Graham is either primaried out or removed right because he's he's up in 27 as well so um and a and a variety of others marowski I don't haven't checked
(1:00:42) to see if marowski is up in 27 or I don't marowski Collins the typical ones marowski Collins um Graham and uh you know that that crew you get rid of all that McConnell you get rid of them and then th right a senate majority leader I think they're all up in 27 um those are that's a lot of seats it's a lot of change over and you could get you could force a lot of retirements too could force a lot of people to just be given the option of the gold watch and not jail and I think a lot of people are going to be doing that calculus once the
(1:01:20) cabinet is set and Trump can Trump can use resources recess appointments if he wants McConnell's not going to want to give it to him tough or there's I'm going to read you something about the vacancy Clause again this is why I love my friend Dexter white he is so good let me find this real quick we've been going back and forth about like I have to really scroll back through my text because it's been that it's been that heavy a day but let's talk about yeah cuz this is something that came up within the last week and it's
(1:01:55) been used once before is that correct yeah the vacancies Clause yes did I miss it was it already in here from last night oh God so many texts today oh if you read Article 2 Section three carefully it is clear that the president has the power to adjourn Congress to such time as he shall think proper which ultimately means yeah that he can point then he goes and then there's the federal vacancies Reform Act of 1998 so they can use and this is going to factor into not only the gates appointment where it will be likely now
(1:02:37) that he is appointed but it's going to be how Trump puts people where he wants by using the the vacancies Act of 1998 it's their rules and when this had to happen after the inauguration he can't do this no this would happen during the recess he can just adjourn Congress and then use the vacancies Act act to push people into position and and then he can not rejourn Congress until such time as he's as he's comfortable with what he wants he does not have to rejourn Congress yeah I can only imagine the uh the screeching from the mainstream corporate
(1:03:15) press about the dictatorship oh my God the the the I'm now calling them the undead press by the way um not even the Legacy press or the or the No No they're the undead press they are really are being sold off for parts I was wondering the other day whether or not if I found a spare tener under the couch I can make a bid for MSNBC when they put it up for sale well I mean chatting what's that I mean with RFK getting in like if he's if we do the one thing that 98% of other countries do which is not allow the Pharma companies
(1:03:44) to advertise that's a big hit it's a big hit big hit you know I love the fact that that we got Democrats out there like making a big stink on TiK ToK by that they're going to drink seed oils because they're so healthy I'm like great you know yourself to death um just make sure you film that one too okay where are where are the landmines here where does this get held up like obviously talked about World War III is that the is that the last card in the hand that they can pull I think that I mean you know threatening the world
(1:04:16) with nuclear war that's kind of mean once you go nuclear youve got nothing else you can go you can back you can you can threaten people with right so I don't know I mean there are landmines here but um again as I've as you and I talked about over the last two years Wall Street and the the The Sovereign to swing obviously at the dod I mean everybody sees it now right I mean everybody sees it um they're clearly in charge they're clearly setting the agenda because if not we would have already gone off half coocked like Rambo without a joh TR like
(1:04:57) we would have but we didn't we haven't and so and and the Russians haven't gone off half coocked you know and this just feels like it's one of those things where you know we are right to distrust the calm and the quiet I I saw John Brennan up on MSNBC the other day so he poked his head out thinking that he's got something to play the landmines here I think are going to be they're going to try and they're going to try for civil war still as well like they're still counting ballots in all these swing States they're trying to you know run with the
(1:05:37) meme that Trump didn't get 50% of the vote and therefore he's a minority president and that he's not a legitimate this is to give the ship Libs The the dopamine hit that there's still a chance that they're going to become the resistance and all of that Gavin Nome started floating the idea of California seceding and he quickly backed down on that like they keep playing these cards and they keep Landing like a lead Zeppelin you know what I mean and uh which is where how Zeppelin got its name do you know that do you know that story
(1:06:13) yeah yeah yeah so um hey man not everybody does it's a great story so um they keep Landing badly like no one's listening to it no one cares everybody's like Trump's the president live with it and move on just like you told us to live with it and move on last year or four years ago but what he's doing here what he's setting up now and what is incredibly important is that we get some kind of national election reform for national elections but if you look and I'll tell you Trump and Company are being very smart about what stories
(1:06:52) they are planting into the zist the fact that we can't recall Senators everybody's like why can't we recall these back Senators well well there's this thing called the 17th Amendment where the state legis where we took the power away from the state legislators who appoint senators and gave it to the people as to make it yet another big freaking House of the people now that is was a very unbalancing thing to our government our government was designed around a different structure the states had Representatives in the
(1:07:26) Senate the people had their representatives in the House of Representatives the Executive Branch the so they have the Bic camera legislature with two different groups being rep represented we don't have that we have the Senators running in Statewide elections who now represent corporate lobbyists and foreign actors because they're the ones that pay as opposed to the state legislators so the state legislators which would look at this stuff and go you're not working in our best interest you're going home and uh you get to manage a
(1:07:58) Dairy Queen you know in Destin sorry you're not Senator anymore yeah that's it it's over that seems way more efficient I never knew that about the 17th Amendment yeah 17th Amendment killed the 17th amendment is part of that what I call the so if we had the original American Revolution then the second one was the failed second American Revolution well I would argue it could actually depending on whether or you think the union should have won or the South was right depending on it's still the second American Revolution the third was
(1:08:34) 1913 income tax direct election of senators Federal Reserve Act then the fourth one was was it two weeks ago or was it 2016 when Trump uh 2017 when Trump nominated Powell and we started the monetary um independence of the United States which we've never had before yeah yeah their is falling on De fears I mean just look at I don't know if you watched the UFC fights on Friday but it wasn't only Jon Jones is the one getting all all the clicks on Twitter but every fighter every American fighter even if they lost went up to him shook his hand
(1:09:17) oh yeah no I didn't I didn't watch it I didn't watch the fights I was I I I one of the one of my patrons who I play I I play uh World of Warcraft with he spent the evening watching the fights with his young his young son and uh and he came back in later on I didn't I don't I don't generally watch the fights anymore and I and I wasn't G to watch anything on Netflix anyway because I I won't give the money I I have more of a hate on for Netflix that's that's I didn't watch that fight I'm talking about the UFC fights that was uh oh yeah I don't watch
(1:09:44) UFC on a regular basis anymore Actually I don't even watch any sports to be honest anymore I don't even watch hockey I didn't even watch the Stanley Cup anymore like I don't have time yeah it's really I mean when I want to when I want down time like I I guess especially when I watch hockey like I get so emotionally invested in it like I do geopolitics and markets and everything else I mean I'm just as freaking rabid watching the NHL than I am when I do this and I I need to I when I jack out of this world Marty I I you know I don't
(1:10:13) smoke these like with a death grip like God thank God like let's just I'm just going to sit and relax for a little while and now and because and and before then I would say it was even wor I would sit down to relax and watch television and of course I would watch only that was like filling my brain with with stories that I could use to to work I was still working like when I play World of Warcraft I am not working I am killing pixels for love and money and that's that's all I'm doing I'm hanging out with my daughter and a couple of my
(1:10:43) patrons and a couple of her friends and we're running five mans and we're face rolling a whole bunch of shitty Dungeons and we're having a blast yeah and and that's it well the point like sports is a good lens and to where the like says and I think the Ze guys combination of what you're seeing out of like the sports world where just the athletes feeling emboldened to publicly support TR Trump um and I I tweeted this out last week but the fact that he put Tulsi and RFK in I think that's going to go a long way going back to your point about
(1:11:12) like Civil War like there were those whether you want to call them right-wing hippies or essentially anti-war healthc conscious liberals who came over to the Trump ticket because of Tuli and RFK specifically like they're going to go to bat for him like yeah they are and I I'll tell you something else is happening um i' I've told the story before but I have a friend um uh down in Gainesville um and uh and one of the things that he does to make make ends meet is he substitute teaches in the Lal County school system and he's like
(1:11:47) dude all the kids are coming to school wearing Maga hats after the election like it like the veil was lift and you know into alal County school system which is as blue a county as you have in Florida like it gets Bluer every year every election we're 6238 now in this last 62 633 37 or whatever it's almost as blue as Broward Broward is percentage wise I think only tallah has only Leon County is worse right but population obviously the biggest concentration of of of Libs in in uh in Florida is still Broward County
(1:12:29) by population it's like 1.8 million people versus a couple hundred grand for elal County but um but yeah I mean but the kids are walking around the elal County Schools wearing Naga hats it it feels I mean again going back to the Ze like it feels like a weight has been lifted off of all the sensible people in the country and they see a path forward towards relative Freedom the ability to interact like there's a true optimism like holy we can have another we did it Renaissance yeah we have we have an opportunity here this is the boat this
(1:13:04) is the boat heard around the world I mean it it caused the collapse of the German government dude it's it's it's going to have the the world was asking us to lead I really believe that it was asking the American people to lead like we can't do this without your help you know the Russians have led on their on their corner of the world to you know geopolitically to push back against the Hedge which was the right thing for them to do to start breaking apart all and start breaking apart all these old narratives and all these these old
(1:13:36) relationships and force them into the open for people to have to defend right that's really what that's really what Putin's done you know brexit you know was the was the first state of it was the first sign of it then Trump's election in 2016 obviously the Empire struck you know struck back I mean I you know I'm I you know I'm huge Star Wars guy but I'm not not crazy about this whole you know Star Wars The Empire Strikes Back return to the Jedi right I'm not a big fan of that but it's cute or the Return of the
(1:14:05) King even if you want to use the two towers reference U the a tolken reference right the the point being is that you know things had progressed to the point where they were really untenable for a lot of people and for us to give to deliver this result to the world and say look we're going to fix our house and by us fixing our house and by us pulling back on the pressure that we're exerting on the rest of the world that's going to give you an opportunity to rise up and do the things put your put pressure from the top from
(1:14:39) the bottom up where you are and you know the I love the reactions that I'm seeing out of the German government we're going to have to go for SNAP elections we're going to ban afd you know and and not allow and you know for what you know for a couple of trumped up for some trumped up about three guys from Saxony who were separatists who were all feds anyway like are you kidding me it's like the 12 it's like the 12 Neo-Nazi Spooks that were you marching through um um Columbus Ohio the other day I'm like really you
(1:15:12) think those guys are real you okay I mean give me a break like it's this it's so pathetic at this point doesn't play you see it in the UK too with those this farmer wealth tax that they just tried to or they're trying to Levy people are standing up it feels like from afar just from the English people that I follow on Twitter like they're fed up and they seem emboldened by what's happened here they're like look what they're doing in the US and for the first time right in the same way that we were in balen when
(1:15:43) brexit went through I mean you know I I got to tell you I I think brexit had a huge effect on uh on on the uh on the election in 2016 I think you know I I think Angel farage was a you know was a force for was a force for Trump like people you know people on on the non-communist side of the aisle looked at brexit and went yeah the EU sucks like and that's that and you know and the idea that we um you know that all the uneducated you know mouth breathers voted for Trump and all the wise and ins sucient you know college
(1:16:23) graduates voted for Cala Harris that does not play like the way you turn that around the way and the way people are turning around is going oh really well you know if if if only college graduates voted the country would have went blue yeah what that's telling me is that we definitely need to get rid of the Department of Education aera get it out of here oh really okay that's all that's telling me like I don't know what I don't know what it tells you but that's what it tells me um and again it's a gree and amplify at
(1:16:51) a certain level this is what you have to do with people and you know and and I'm okay with all you know obviously I'm okay with that that's my whole stick is like you know figure out the way to you know in my own way you know I'm not a I'm not a particularly great meme Lord but when I see a great meme you know I I come up with some every once in a while but the but the the true meme Lords out there are just I mean they're Next Level dude I mean they really are and they are and they have done such great work to in
(1:17:21) to as Dave Colin put it the other day to us to keep our spirits up during the dark times they were the they were the guys in the Foxhole saying nope we're going to get through this nope keep laughing at them nope we're okay we're we're going to get through this the bombs are going to stop falling at some point and we're going to be okay like they kept morale up they were the Chaplin or whatever you you know you know whatever they you know whatever you know role you want to put them in in in the metaphor doesn't matter I think that
(1:17:49) it was a valuable um valuable service that they performed U along with the people like Scott Pressler going out and like just doing good oldfashioned Grassroots signing people up and getting them to the getting them to The Ballot Box um you know that's just that wins and um and it's it's it's it's it's it's awesome to see it's awesome to see people of high conscientiousness and we're not these Mims are are are driven by conscientiousness you know Big Five Pillars of Personality like they yeah they may all be antisocial
(1:18:25) but they're also conscientious and that's how they operate they operate that's how it that's how those two those two pillars like you know me Express themselves shout out to the 4chan meme Lord priest I mean they got Trump in 2016 and this is another thing too do Bal I'm sure there's people on the fence that intuitively feel that this is a good outcome for the country then going back to the memelords and while we're having this discussion it's just Calo is already out of discussion I haven't heard anybody say her name in in two
(1:18:57) weeks now they're going back to Joe at press conferences like Cala will be forgotten by New Year's Eve and what does that say to you Trump won 2016 lost 2020 and is more popular than ever now like what do the people actually want and like do you think could you foresee uh a resurgent in fervor around Cala happening at any point in the future no no not at all I mean she's I mean dude she's she you know she's not even young and hot anymore right I mean she's not you know I mean that' be the only people who would be who would be excited
(1:19:31) to see her at this point I I'll be honest with you somebody said it to me the other day they said you know dude she looked relieved at her session yeah you not and then you get the picture of her with her sister or whatever and her nieces with a fat glass of white wine I was honestly happy for her it's like you look like you did want to go through like this is over now I can I can go I can yeah this is over and you know look and maybe just maybe you know this was the the thing for again it's like everything else when
(1:20:02) you you know you find out who people really are when they um you know when they're given the opportunity to you know utilize power um when you look at Cala Harris I hate to tell you but you know she wanted the brass ring or the gold ring she wanted it um she can get it and now she can move on with her life people like tell gabard on the other hand were offered all the power in the world unearned she just ticked all the boxes and she walked away from Power multiple times and that's powerful and that's stories powerful and the level of
(1:20:44) authenticity um on display there you know if you're not if you still think that there there's something you know something to that picture of her on the you know we young leaders website you know sorry dudes you're missing it that's a cope like the woman is who she is and that's the face of the future she JD Vance who goes out there with an unbelievable amount of self-effacement like I I this one thing that that has really impressed me about Vance I'm not sure I'm sold on Vance's in every way right I'm G to be frank and honest but
(1:21:18) the one thing I really like about Vance is that he's self-facing he looks at him s and goes yeah I got a lot of faults yeah I I've made a lot of mistakes in my life yeah I'm I'm not you know I'm not this I'm not that he's not doing he's not these people are not going out there him RFK felse other people Trump not going out there with the typical um political uh operative training media training the typical media training and I I've gotten a little of this as a newsletter editor at Newsmax one of the first things I
(1:21:56) learned I was taught I was told to do and this is the way you write a newsletter you lead and you never show weakness and when you make a mistake you just say I made a mistake we're moving on like you and this is the way you know politicians are trained to act they're trained to act like never show weakness you're in charge you're you're competent you know blah blah blah blah you lead you know even if you're not even if you're in a um in a state of flux it's a in in that respect it's almost kind of a fake it to you make it
(1:22:26) kind of thing it's not that's not really what they were saying but it it was this is the way you have to present yourself if you want to retain your this is how this is how this thing is done I'm like yeah I don't buy that I'm going to hedge my position I'm going to throw out thought um I'm going to throw out thought experiments and I ran into a lot of trouble with my first editor over Newsmax over this because she didn't like the tone and I'm like oh well I like her personally and she did a job of of of editing the newsletter and
(1:22:57) you know we're still friends but I couldn't work with her because she had a conception of what I was supposed to do how this was supposed to be written how it was supposed what my image was supposed to be to manage and we have a lot of and and all of our politicians do this and all of our CEOs do this and you know our you know and and the media presenters and everybody they do this and they don't come across as human because they never show weakness and and that's a playground and a recipe for people who hate to show
(1:23:31) weakness to feed their narcissism and then use it strategically and what we're seeing with this group of people that's coming in are like no well we're all flawed terminally flawed we're going to do our best but you know give us a chance we're going to do the we're we're going to try and do the right thing as V was saying like we're going to cut I think was yeah you just said we're going to cut a whole bunch of stuff and if it turns out that that thing that we cut was turns out to be vital well we'll put it back in like you know no blame no
(1:24:03) shame like this is you know we're all flying by the seat of our pants here nobody's perfect so don't you know and as long as you you know as long as you don't present yourself as perfect then you know people will give you a lot of leeway yeah it comes across as real and authentic yeah and this is shining through in layers like not only the individuals but the way in which they won the election like go on the podcast route and embracing the long format medium and being vulnerable and having conversations with people outside
(1:24:32) the mainstream media who approach conversations very differently and will take you to areas that you're not used to but you're forced to yeah you're forced to act authentically and it's is connecting with people is authentic we live in an age of authenticity because we're swimming in information and we have we we we live in an age screaming for authenticity and a in an absolute sea of smarm this is this is literally what I wrote in one of the first blogs I ever posted on my on my website it's called the authenticity Gap and I I I
(1:25:04) refer back to it over and over and over again because it's and how I knew and it was a crib of an editorial I wrote for my newsletter at Newsmax at the time in 2016 so I wrote this thing in either middle of 2017 so uh 2016 I mean during the election campaign I said Trump is going to win the election because he's appealing to the millennial crowd that is dying for authenticity you know even though they don't know what authenticity may be but their their addiction to craft cocktails and farm to farm to table food choices
(1:25:43) and manscaping and all of this stuff and you know and and flannel shirts and all the rest of it all that Lumberjack you know remember there a whole thing and if you look at and and and it gave me a lot of hope I said those guys are going to break for Trump because that's what they want because they've been living in the sea of smarm of these mendacious Liars for so long like no we just want somebody real we don't even give a if he's competent we just want to know that this is who you actually are and um I'm telling you paying forward here it's
(1:26:16) so very obvious and that's why I you know I mean dude I I do podcasts with people I know are authentic or I go back on their show when I after I've had a long conversation with them that I know are authentic that's why I love hang hanging out with you I know you're authentic I this is the real deal and that's why the conversations are good you know and uh and that's why podcasting is the future of media it's why the undead media hasn't gotten it yet it's why Chris Wallace will never you know put out a good podcast he may
(1:26:46) put out a successful podcast because of his name for a brief period of time but it won't be an authentic podcast notice how Megan Kelly went from Megan Kelly of NBC news with that Persona go back and watch Megan Kelly at the first debate with Trump when she was the moderator go watch those clips now watch Megan Kelly today completely that's the real Megan Kelly that we see today that one was a construction of media fun that was an actress there was a quote or not a quote a clip of uh Morning Joe from MSNBC and they
(1:27:21) literally had a panel of uh I think Micah and Joe Scarboro might have been the youngest people in the panel talking about the problem of social media and podcasting all the Millennials are doing these 20 second clips and they're not seeing our stuff and it's like we are seeing your stuff it's just coming in on Clips on Twitter and we're making fun of you and like even they don't even understand like they're mischaracterizing it they think we're consuming our information in 20 second Clips it certainly happened to an extent
(1:27:52) but most of the deep information um sort of filtering that people my age are doing is via podcast and yeah yeah I mean people have a lot of time in their car it's why it's why Russ Li it's it's again let's go back to AM radio why was Russ limbo so successful why did he carve out why was he such a Pioneer let's let's let's give it up to El rushbo I mean I wasn't Russia's biggest fan as a you know what he what he talked about on a regular basis but what rush represented was immense he understood that there was
(1:28:27) an immense Gap to be filled there's a unique selling proposition in in AM radio and he revitalized the entire industry himself and provided a Counterpoint to all the droning on that we saw everywhere else and got news for you folks you know it's it's it's continue to pay dividends and as the as the te te ology you know changed that so that we can do effectively what used to be AM radio and now we can do it in whatever format we want and uh and well necessarily not any format we want but we can do it now with our own personal takes and people have
(1:29:10) the time who they're stuck in their cars for an hour and a half because of this terrible City Planning that leaves people stranded on these hour and a half commutes or wherever they got big blocks of time to zone out not talk to the person next to them on the train or you know they're stuck in their car by themselves they sck on a podcast and they get a an hour or an hour and a half of really good information when I was when I was I I have my own version of that pre quote unquote podcasting days but when I was working in South Florida
(1:29:40) away from home and I had to commute back and forth to my life up here in North Florida on the weekends it was a three and a half hour trip what did I do I loaded up my phone with all the gold you know early gold now we would call them podcast but all the old shows like Jim papava show and this one show and that one Al Corin and all those guys and hours upon hours upon hours of lectures from The misus Institute I mean hundreds of hours including listening to Human Action and man economy estate and all of that stuff
(1:30:19) right listen the wall in the car for three and a half hours you know when I wasn't talking to my friend on the phone about what raid we were going to run a World of Warcraft when I got back to when I got back to Stewart on Sunday afternoon like I was listening to these things I was doing this five seven hours a week for five years and then in my office and then in my lab while I was working and running experiments this was on the was on auto play all day long I literally was doing this stuff back into you know at the ad at the beginning of
(1:30:51) YouTube you know I remember when Stefon molo first started his YouTube channel because he stopped writing for lrc Lou Rockwell he started doing YouTube I remember when he started there I heard it yeah and as you're describing I mean it makes that we've had like going back to AM radio Rush limbal very early days like iPod RSS like we're like a generation into this format and yeah maybe the selection is a signal that like the time dilation between the introduction of the format and the overall effect it could have on society
(1:31:31) is is being played out right now we had flashes of it in 2016 and now I mean this is the first election where I mean podcasts were a medium that that politicians actually realized that they had to to leverage and guess who and guess it was the first one to leverage it as a campaign strategy RFK yeah he literally went out and said I'm going to do every podcast I can yeah and I'm going to tell the people who I am and the you know warts and all and and others had you know and other people like gabard was very smart in you know
(1:32:07) between 2020 and 2024 she embraced it you know she made herself available she didn't have anything else I mean what was you know she what was she really doing right she's wasn't was no longer a congresswoman she got the got the commentator gig here and there on Fox news but you know what' she do she went on Joe Rogan have dozen times or three or four times whatever it was built up a relationship with him built up a relationship with this one to the point where when Barry Weiss tries to smear tulsy gabard as a Russian asset Joe just
(1:32:36) like stops her dead cold very kindly I might add but it was the it was the kindest gentlest body slam UFC style that I've ever seen and uh it was it was gorgeous is what it was and it's funny Barry way is couldn't get herself out of the new York Times mindset of oh I'm just going to believe what everybody says and he's like no may want to look into that yeah maybe you should uh yeah maybe you should I'm GNA push back on that but there and she thought she was in a safe place going on Joe Rogan because Rogan's
(1:33:08) not a really she's not really a confrontational guy then she hears Jamie pull it up and she's like oh I'm Jamie fact Checker yeah I'm very optimistic right now I came into this conversation expecting uh expecting to hear where we're going to get rugged potentially but nah I I I well not nah I mean I I I can see where the pitfalls are but I've been watching this play out and you know for the last two weeks it's been really weird feeling um I hoped it would be it would happen the way it's happened right you had to go into it with an immense amount
(1:33:49) of skepticism I won't lie to you I put at least five pounds on stress eating leading up to this thing um and uh I've already in two weeks taken it mostly back off I was going to say you look great yeah well I do now but like two three weeks ago I look like like but I you know I just immediately went on a freaking carnivore diet for a week and cut everything out and I'm not stress eating it I'm not running out to the I'm not running out to the convenience store and buying a box a bag of pretzels and a Diet Coke at 2:00 in
(1:34:19) the morning okay which is what I was doing and then not going to bed till 4:30 and getting up at 7 I was this is what my life was like for like the month up until the election I was I couldn't I couldn't function I get I would go through I get one sleep cycle a night my sleep cycle is about two two hours and 45 minutes so I get so if I do two and a half so if I do two sleep cycles about five and a half hours I'm usually good right dude I was it was terrible and I knew I was doing it to myself and the know one I was
(1:34:47) like you know if she wins it's not going to matter I'm now going to have to make really really significant changes to my lifestyle because let's not kid ourselves what was being set up for us was um hey everybody we've now made it okay for you to complain about the Jews in Israel and the this and the that you here's the pressure release valve you got a year to get it out of your system while we catalog all of you people because you're all going to get deep platformed you're all going to get unpersoned you're all going to get sent
(1:35:28) to digital Guantanamo and your lives are going to be over they were planning this the threats were all right there in front of us and we could all see it and no matter how much you try and say well maybe you know maybe the the the angel of death will pass over my door to really extend that metaphor you didn't know and I had this you know I've had a lot of brushes with success in my life up until this point and every time I've gotten close to it something's taken it away either my own self-sabotage or not reading the tea
(1:36:03) leaves right and running into cofin Corner metaphorically speaking or whatever and this was setting up to feel exactly the same way so part of what you probably were getting off of me in the you know in the the the things we did over the summer was was part of that I know that's what was going on with me I don't know about you but that's clearly what was happening with me the last two times you're you were you were tired very tired yeah yeah I really was and um today I feel just I I you know it the a weight was lifted
(1:36:35) on that evening we were doing a a Twitter space is live blogging the the late night from like we were on from like 11: till or from 10: to like 12:30 or whatever and it felt an awful lot like the live stream I did on 20 the night of 2020 we were all I was you know hang out with my my my my patrons then and you know we were there and we were high-fiving this thing looks like it's in the bag I'm getting drunk everything's good and then I kick off about 11:30 I go to watch the election results and about 2 am. I see the steal
(1:37:09) happen and I went and I texted Dexter white and I said they're going to steal this thing this is how they're going to do it they're at best he's going to get 269 he's going to lose 27 71 to 269 and his reply to me at 2:30 in the morning was Civil War it is then yeah that's where we've been for the last four years so strategically you know we've had to manage that stress level and that mindset for the last four years and um and yeah it's been it's been a lot but you know I don't know maybe the you know and that and I'll tell you coming into
(1:37:53) June of 2020 1 and that that faithful fomc meeting that for me really does Mark the change of you know the the beginning of this counterrevolution that we've kind of been chronicling um that was the first Ray of Hope I'd had in nine months and even the midterm elections weren't much of a kick in the teeth to be honest with you because by that point I became pretty obvious to me that there was something else running there was It was a countercurrent running that was powerful enough with the right people having the right having the the right
(1:38:31) amount of power counterbalancing counter bailing power to the ones that we were fighting and then I watched like Omron fail and I watched this fail I sort and you know I made the call at some point in 2020 when Omron happened and they couldn't like turn that into a big they couldn't turn it into a second round of lockdowns what we are at Peak Davos we're done it's now they're just fighting rear guard actions and now I can okay let's see how they're going to destroy let's see how they're going to move counter move us down to the point
(1:38:58) where when they threat when they threaten us with nuclear war and when Trump lived everything changed and then it was just a matter of you know okay are they going to take this thing to AA and uh are are the grown-ups actually in charge or not and I couldn't answer that question until after the election and once the election happened I'm like NOP we're good and I can and I'm like and I've been I I I didn't walk interestingly enough like when Trump won in 2016 I walked around the house for 2 weeks I you not for
(1:39:34) two weeks randomly cackling in Glee with Glee I would just I'd be walking I'd be get up my computer I start to walk over to the kitchen to go get a cup of coffee and halfway there I just I just start cackling like maniacally like the Joker right this time it was just it was just okay then we have work to do and I told my patrons the the the morning after I did I do a market report on Wednesdays that morning I said this is great um I played them a gaic storm song to to start the to start the day another day above the Roses
(1:40:09) which we haven't listen to that song with the lyric sheet brilliant it's a perfect way to go about all of this stuff and then did the market report and I got done with that was fun tomorrow we get back to work I mean that's honestly the most maybe have different context of getting back to work but for like us in the Bitcoin space like it feels like we've got room to breathe and like yeah I'm infinitely excited at the prospect of just being able to work and get done where if it went the other way similar thoughts like we've got to
(1:40:43) reshuffle the deck and figure out what we're doing what how we're going to how we're going to make this work CU I I'll be honest with you in my part of my part of the space I would really seriously have to think about being unpersoned debanked and all the rested right um and uh okay if that that's the case that's the case my wife and I looked at each other that that's what happens that's what happens we've weathered worse in the past and they can take everything away from us they can't take each other they can't take we can't they can't take
(1:41:15) each other from us so okay and uh we'll figure it out and if we have to live out of our car we'll live out of our car like you know whatever you know whatever happens happens like do your worst you can't take your last it's it's that scene from be for Vendetta right where he's torturing her and she's like reading the the the screen reading the the beautiful story about about the actress Valerie on you know on toilet paper and it's it's about that last inch if they're never going to take that last inch from you they don't have you they
(1:41:43) can take your body they can they can corrupt your mind but if they can't take your soul you you don't have me and they never had me and they're going to and those were the guys they were going to take out so you know and maybe that's egotistical or sistic on my part maybe it's paranoid I don't know but it's the way you have to feel and have to make your peace with that if you're going to continue to do what you do because if not then you're not capable of leading and you're not capable of being a resource for everybody else like one
(1:42:20) of the things I find really interesting we brought up the farmers thing earlier this is one of those moments Jeremy Clarkson whether he whether he intended to or not has become a spokesperson for the farmers worldwide Clarkson's Farm if you have not watched it shut up don't stop listening to me go watch Clarkson's Farm because it's brilliant and but Jeremy was like well they're gonna have this big um this big thing he's like I can't go I'm not a real farmer and they're like Jeremy you are the spokesperson for all of us we
(1:42:56) need you there you it's time for you to stand up and be a man and not a nine-year-old boy like you've made an entire trade and Bill millions of dollars in being a nine-year-old boy and championing these causes and the the internal combustion engine motoring the you know and now farming great but now it's this is your moment where you got to get in that Lamborghini and Lead that that big old Lamborghini um tractor that he bought which is is terrible and drive that thing down to London pot belly and all and do
(1:43:29) the thing and I you know I'll bet you dollars is do if you've watched Carson Farm his significant other his girlfriend Lisa who's Irish by the way if you have not watched the show she's she's great I'm like you know damn well that she read him the goddamn Riot Act and so Clarkson manned up did the thing that's what you need yeah doesn't matter you you can be a bad man your entire life you can be you know a guy grifting off the off the zeist and everything else but if this matters to you now if you truly love what you do
(1:44:05) now then that's the moment where you have to stand up and go you know what shoot me what are you gonna do shoot me you can't Happ me we talked about this um in the episode right after the assassination attempt too but it's like I get I think there's some divine intervention in all these things and sometimes God picks U conduits who are rough around the edges and you wouldn't expect Trump Clarkson fit archetypes you know one of the one of the most powerful stories you know one of the most powerful biblical stories is that God speaks through the
(1:44:40) worst of us right you know Capital God lowercase G doesn't matter metaphorically speaking you know this is the this is the story of you know St Christopher you know shepher in this is the story of St Christopher this is Thomas Covenant Steven Donaldson a great fantasy story this is literally the worst of human being you can imagine having to be having to man up and and and and stand up against evil for something he doesn't even he doesn't even want to believe in right it this is that story is very powerful and it's
(1:45:15) very important and it's why um that archetype of that story is very very powerful and Batman is a is also built is also built off of that archetype right so um the gargoyle that you know stands outside the cathedral to guard it but can never enter it right um it's very powerful and we all have a little and maybe we all have a little bit of that in us and that's what we have to reconcile within ourselves you know I'm all in dud dudes I this is about making the world a better place this is about leaving this place better off for my daughter and for
(1:45:59) yours and everybody else anything else the rest of it does not matter and this we have to pay this forward the kids went along with this did you see the demographic breakdown of the vote yep they know I mean when I finally looked at it I nearly cried because I realized that the 18 to 29 year olds nearly broke for Trump like a lot was made that this is the Gen X the Gen X finally came up and made themselves a count this the Gen X election and everything else and I've been trying to meme we're the greatest Generation kind of thing just to like
(1:46:37) stick it you know just to stick it to the um to the mythology of World War II but this is that moment but we wouldn't have done it without them and so we owe it to them to tear down this rotten edifice replace parts of it with nothing reform what's usable and move forward and is it going to be perfect no is it going to be better yes but it's not going to be up to us to make it that you know it's it's par guys we're going to get 80% of the good stuff done the next next 80 the next that 20% will leave that for the
(1:47:15) next cycle of humanity and then the next cycle and the next cycle and the next cycle and that's the way we have to approach this I could have said it better myself I'm again extremely optimistic I think we're going to do it I think uh if don't get complacent we got like Tom said we got work to do we got to get out there and do it fuckload of work to do and I'm excited to actually watch it happen and Chronicle The Good the Bad and the Ugly of it and um you know and by the grace of my patrons I will be given that
(1:47:51) opportunity yeah or not depending on how I handle it that's the way we all have to look at it so doesn't matter if you're building a business or you're doing what I'm doing or you know everybody's got well obviously what I'm doing is a business but you know but with the point and you know this is this is what we have to do but it's doable all these things that they tell us are not fixable that we should just look at the ground and worry about the worry about the abyss at our feet as opposed to looking up and seeing
(1:48:19) Elon Musk throw a rocket in space and then catch it like you dudes we can do any we can fix the budget if he can do that we can fix the budget if we can do he can do that we can fire the HR Annies we can figure out how to balance the budget we can figure out how to get to fund the unfunded liabilities lots of talent out there that wants to do it I mean the amount of people volunteering for Doge not to be paid to volunteer it's off the church yeah and not only do we have this political will in these examples internally but
(1:48:54) externally like the argument against all this is falling flat because oh let's point at El Salvador they went from the most dangerous country in the world to the safest in three years Argentina came in gutted their administrative State and their back on their feet pretty quickly like why can't we do that like that's where I'm excited for the American Spirit to kick in where you get that competitive nature it's like oh these guys can do it like what human nature it's not even American it's just not it's not unique American I
(1:49:24) mean we have our own we have our own you know spin on it but it's just people people are awesome dude are you kidding like this is what I I you know this was the day I I really I really the day I realized that how incredibly persistent and phenomenal people really are when I finally was able to internalize just how much they accomplished despite all the that's thrown in front of them and that very early you know after you know it happened within a few months of me hanging out over at lrc and reading stuff of the me that was my Spiritual
(1:50:01) Awakening to this that's when I I literally just stood back and went holy People Are Awesome how in the when you really stop to think about it and like oh yeah no no no the every you know no I'm not gonna being cynical doesn't doesn't cut it and the team that believes the people are awesome and can do these things just one and the team that thinks or tries to make you believe that people are terrible just lost they just lost and they're gonna and they're going to lose and they're going to continue losing I mean as a millennial 33 we
(1:50:39) talked about this before 911 08 Wikileaks Snowden Co first time in my life early 990s don't remember too well but first time in my life like oh this is actually exciting um yeah it really is I mean I I am I am just I I it's funny the the longer this goes on the more I I willingly see whatever the burden is that needs to be born to get this done I bear it willingly whatever small part of it I can be a part of I can I an effect to get to keep the ball rolling and to give people the information they need to De complicate the world for them and
(1:51:31) demystify it so that they can go in their space go that's what I have to do if I can make if I can help people five people make a better godamn decision about how to run their business Tomorrow based on something I said in a podcast are you kidding you know we would all kill to have that kind of you know that's the that's this is what we have I this is how could you walk away from that I how could you like you couldn't walk away from it you have to like double down and work harder yeah before we hit record I I
(1:52:05) said they should create a position the Zar of deconstructing the uh the European communist you know European communism you know because yeah because it's funny like there C here and there a couple of people on Twitter have been like dude you should make Tom treasury secretary I'm like I'm not qualified for that I will take I I will take the position of Zar of European destruction of Comm of destroying Communists we'll get me James Lindy Dexter white a few other people we'll have a good we'll have a good old time with that and we'll
(1:52:34) Empower all the mem Lords over at for Chan and we'll just do we'll just do the thing that'll be great so much talent out there guys there's so much talent that's been repressed suppressed to you know offered to uh uh to tune in turn out and and and drop out like no they're all like no no we're make this work I I we can make this work we have there's so much we can do like the old systems are brittle and fragile they've built systems that are complex and and and unknowable and therefore they're you know there it's
(1:53:11) the it's the I mean this is where you know Talib before he went you know crazy over Co was right you build systems that are antifragile they build systems that are maximally fragile and so they're actually easy to take down if you understand where the break points are yeah this is a signal right here Bitcoin going up all time today that's one gold gonna push gold pushing past 3,000 will be another one like there's there there are so many of them out there but if let me put you this way Marty last thing to think last thing to
(1:53:46) say if Matt Gates winds up being AG they have no power they will put pour every urg of political Capital they can to stop Matt gates from being AJ Trump put him out there for that purpose Gates probably took one look at the that was this is the conversation Matt I want to make AG you're gonna have to like fight tooth and Claw for it you may not get it they're probably going to like destroy you and they're trying to destroy you in the process and case is like game on yeah don't let your memes be dreams freaks you can do it we're doing it
(1:54:22) that's right all right man this sounds like this sounds like a show what do you think this was a great show I mean this is the least stressful show we've had in a while um I'm happy happy for you happy for all of us again let's go build it's like you have that weight off our shoulders yeah let's go do let's go do something great like let you know Elon Musk is like a 10-year-old boy he wants to flip cars into space and go to Mars like let's let's enjoy that and let's not and and and let's keep our eyes on open for the next boss wanting
(1:54:56) to be the same as the old boss and all of that stuff let's continue to distrust but verify and all of those things that need to go need to happen but you know at the same time don't sabotage yourself either you know like recognize when good things are happening right just recognize good things are happening not everything is going to be good and you know and if you make the perfect the enemy of the good well you're doomed to failure yeah well we'll end it there thank you Tom we'll do it again at some point than welcome peace for take
(1:55:29) care
