True Anon Truth Feed - Episode 432: Trump and Dump
Aired: 2025-01-23
Duration: 01:57:37


=== Producer Young Chomsky Here (04:14) ===

[00:00:03]  Hello, listeners.
[00:00:04]  Producer Young Chomsky here with a quick announcement.
[00:00:06]  That's right, it's time for another tip line show.
[00:00:08]  So you know what that means?
[00:00:09]  Call in with your weirdest, juiciest, and most shocking tips, and we'll choose a few to discuss on the show.
[00:00:14]  The tip line number is 646-801-1129.
[00:00:18]  That's 646-801-1129.
[00:00:21]  Call in now.
[00:00:26]  Yesterday, Pastor Lorenzo Sewell gave a rousing benediction at the inauguration of Donald Donald Trump.
[00:00:35]  Let freedom ring from every hill and every mohill in Mississippi, from every state, every city, every village, and every hamlet.
[00:00:46]  And when we let freedom ring, we will be able to speed up that day.
[00:00:51]  All of your children, black men and white men, Protestant and Catholic, Jew and Gentile, will be able to sing in the meaning of that old Negro spiritual.
[00:01:03]  Free at last.
[00:01:05]  Free at last.
[00:01:07]  Shortly after getting off stage, the pastor posted this video along with his crypto wallet address.
[00:01:13]  I need you to do me a favor right now.
[00:01:15]  I need you to go buy the official Lorenzo Sewell coin.
[00:01:19]  I want you to be able to see politics become manifest, not just in the way where we're praying over political gatherings, but where we're seeing us become the hands and the feet of the Lord Jesus Christ.
[00:01:32]  Would you help me?
[00:01:41]  And woe be upon those who are Polish and a female and who occasionally disrespect me.
[00:02:03]  Woe be upon you.
[00:02:05]  Oh my God.
[00:02:07]  Hello, everyone.
[00:02:08]  Hellfire and damnation, Franz.
[00:02:10]  Your people are vile and wretched and evil.
[00:02:13]  From the depths of Silesia, you've crawled up like the worm that feasted on Christ or attempted to when he was in that cave for three days.
[00:02:23]  What was he doing in there?
[00:02:25]  I love how this is going into President Card Voice.
[00:02:30]  What was Jesus doing in that cave, dude?
[00:02:33]  What was he doing in there?
[00:02:34]  Forgiving?
[00:02:35]  Apparently, I got in trouble when I was a kid when I walked into a church.
[00:02:39]  I think it was my aunt's wedding, but I'm not sure.
[00:02:42]  Don't quote me on that.
[00:02:43]  And I was really little.
[00:02:46]  I was like, I don't know, four or five or something.
[00:02:48]  Three or four.
[00:02:50]  And we watched in a church, and I just pointed up, and I was like, that's Jesus.
[00:02:55]  What's Jesus doing up there?
[00:02:57]  I mean, I'm just like, get in there.
[00:02:58]  That's a good question.
[00:02:59]  That's what I don't understand because they always have him.
[00:03:02]  That was the worst moment of his life, right?
[00:03:05]  Well, yeah, right shortly before his death.
[00:03:07]  But then, resurrection.
[00:03:09]  I know, but like, let's say I was, someone shot me in the head and my head exploded in a crazy way, right?
[00:03:17]  Or like Bud Dwyer.
[00:03:18]  If we like worship Bud Dwyer, but our symbol of him was when he's blowing his head.
[00:03:23]  But that is kind of what that is.
[00:03:25]  That did become a meme.
[00:03:26]  I know, but Jesus' whole thing is that he was, I did a miracle.
[00:03:30]  He was like, ah, condemn you.
[00:03:33]  And like, you know, the Jews must have stopped trading in money or whatever he was doing.
[00:03:55]  I do not think that that is like...
[00:03:58]  Magic and shit.
[00:03:59]  Like, they should have Jesus dog.
[00:04:01]  In many ways, let me put my little cool pastor.
[00:04:07]  Let me turn this chair around and put my backward, my hat backwards.
[00:04:12]  In many ways, Jesus on the cross, crucifixion, the original meme coin.

=== Liz's Coinnex Theory (04:41) ===

[00:04:18]  Facts.
[00:04:18]  Hello, everyone.
[00:04:19]  I'm Liz.
[00:04:20]  My name is Coinnex.
[00:04:24]  And I'm sniffing in your wallet.
[00:04:26]  I'm licking a wallet.
[00:04:29]  No, don't do that.
[00:04:30]  I'm hygienic.
[00:04:32]  No, I fucking know, because sometimes if you need water, but you don't have a cup, you just put it in your wallet and drink.
[00:04:38]  Leather water.
[00:04:39]  Young Chomsky?
[00:04:40]  What's your name?
[00:04:41]  My name is Young Chomsky.
[00:04:43]  What do you do?
[00:04:43]  Produce.
[00:04:45]  Well, you're fired.
[00:04:46]  You're fired.
[00:04:46]  What's the show called?
[00:04:47]  It's called Truanon.
[00:04:48]  Hello.
[00:04:49]  Hello.
[00:04:49]  Yafayyad.
[00:04:50]  Yafaya.
[00:04:50]  Yafaya.
[00:04:51]  You know, you don't hear that one anymore.
[00:04:52]  I think he did it.
[00:04:53]  He did it.
[00:04:54]  Did he do it?
[00:04:54]  He did it.
[00:04:55]  Yeah, he did it.
[00:04:56]  At the thing?
[00:04:56]  No, in some other context.
[00:04:59]  I watched the inauguration.
[00:05:01]  Did you watch it?
[00:05:01]  Yeah, I watched it.
[00:05:02]  I sat my ass down and turned the TV on.
[00:05:09]  And I watched it.
[00:05:10]  I watched it mostly on Fox.
[00:05:13]  Okay, that's fine.
[00:05:13]  But I did flip on over to the MSNBC afterwards, which it does seem to me, just visually speaking, going through a budget crisis.
[00:05:24]  I think sometimes you see NSNB.
[00:05:26]  I never understand how to interpret these things because I'm like, the Nielsen, like, what is that?
[00:05:30]  You know what I'm saying?
[00:05:31]  Like, who, what?
[00:05:31]  I don't know.
[00:05:32]  Who's picking up the phone and being like, I am watching currently this channel?
[00:05:35]  That's what I'm saying.
[00:05:36]  It's like Nielsen.
[00:05:38]  That's fake.
[00:05:38]  But like, sometimes I see the stats for MSNBC shows, MSNBC, her shows.
[00:05:45]  And I'm like, I think more people like not only listen to us, but like listen to like way more people listen to Talk Tua than watch every MSNBC show combined.
[00:05:53]  First of all, one, what does that say about society?
[00:05:58]  And two, I don't want more people listening to our show than like the TV because then I have to start thinking about things more seriously.
[00:06:07]  Yeah.
[00:06:07]  I wanted to say that I eat out wallets because I love money so much.
[00:06:13]  And I shouldn't talk about my Trump coin holdings.
[00:06:15]  Sometimes people complain about like when we do episodes with like information, like, oh, you, your introductions are too vile.
[00:06:22]  First of all, that's mean.
[00:06:24]  Yeah.
[00:06:24]  That's harsh language.
[00:06:25]  It's like Liz can't help the way she is.
[00:06:28]  Like, I'm sorry.
[00:06:29]  She has an invisible vile true enough.
[00:06:33]  First of all, two-thirds Jewish.
[00:06:34]  I don't like the tone.
[00:06:35]  You're two-thirds Jewish?
[00:06:38]  No, collectively.
[00:06:39]  Oh, how interesting.
[00:06:43]  Well, just if someone's keeping Nuremberg Law style, right?
[00:06:46]  So that means it's a Jewish podcast.
[00:06:49]  It was a Jewish podcast.
[00:06:50]  It was a Jewish podcast.
[00:06:51]  And we'd be way more successful.
[00:06:53]  God, I was watching.
[00:06:54]  I think I sent it to you.
[00:06:56]  I was watching.
[00:06:58]  I'm going to play it.
[00:06:59]  I'm sorry.
[00:07:00]  I was wondering.
[00:07:01]  Do we sound like this when we talk about technology?
[00:07:04]  I hate the phone.
[00:07:05]  I really hate.
[00:07:06]  Look, I think it's a wonderful marvel of human ingenuity.
[00:07:13]  But it's a Yateser Hurrah trap.
[00:07:17]  I really believe that.
[00:07:19]  So I've set limits on my phone.
[00:07:21]  I've tried to turn things off.
[00:07:22]  I block certain websites.
[00:07:24]  Thank God.
[00:07:26]  And so I'm hoping to curb the Yitzha Hurrah.
[00:07:29]  That's my hope.
[00:07:31]  But sometimes the Yatzahura wins.
[00:07:34]  Sometimes I lose time for Gamara because I'm doing who knows why.
[00:07:40]  But I'm trying my best.
[00:07:41]  Is that what we sound like when we're doing an episode about crack?
[00:07:44]  If I put that music behind it, that's what we would sound like.
[00:07:46]  Here's your thought.
[00:07:47]  Why is he so breathless?
[00:07:49]  My question is: let me, let's confront time here.
[00:07:53]  How come you aren't clipping like Liz talking about like and all of these websites and the guys who own them and they're all rude and stuff.
[00:08:04]  And like you don't have like a really tight, whatever camera angle they focus on her and like with her words below her.
[00:08:11]  How come you don't fucking do that?
[00:08:12]  Well, I don't have a camera of any type.
[00:08:14]  Yeah, it's not true.
[00:08:16]  Mr. Selfie.
[00:08:17]  Well, we could do the AI, the what's cooking video talking about something.
[00:08:27]  I think that would be it because we don't want to film the podcast because oftentimes I do this shit completely.
[00:08:32]  Well, you don't need to know, but I'm not wearing anything and it's not looking good down there.
[00:08:38]  But like, I'm like, we could do just AI versions of ourselves talking.
[00:08:42]  I don't want it to be about myself.
[00:08:43]  No, I want it to be like some weird slop.
[00:08:45]  I want like, I want to do like hardcore slop video AI clips.
[00:08:50]  Like you're like a fucked up like I'm not, it's not even like a talking grilled cheese sandwich, but your avatar is.
[00:08:55]  Just, no, not even trying to talk.
[00:08:57]  Just like, it's just doing its thing.

=== Rogan AI Voice Clips (07:49) ===

[00:08:59]  On there, yeah.
[00:09:00]  Let's go off on guard with it.
[00:09:01]  Why don't we, you know, what we should do is push through the slot.
[00:09:04]  We should clip our show.
[00:09:06]  Like, we should clip stuff from our shows because that's the podcast meta, and it has been for many years.
[00:09:11]  I don't mean might not be now.
[00:09:13]  And just put it over images or videos of other podcasts.
[00:09:17]  That's what I'm saying.
[00:09:17]  Like Joe Rogan.
[00:09:18]  Like Rogan or like whatever.
[00:09:21]  Actually, what we should do is we should do that, but then put what we're saying, put the script of what we're saying in Rogan AI voice, have him say it.
[00:09:29]  But like linking to the music.
[00:09:30]  Can you make Joe Rogan?
[00:09:31]  I know you love technology.
[00:09:32]  Can you make Joe Rogan do our podcast?
[00:09:35]  I think I could do it.
[00:09:36]  Could you do it with him having a perfect Hungarian accent?
[00:09:40]  That might be a tall order, but I think it's possible.
[00:09:43]  Interesting.
[00:09:44]  It's amazing what we're building in this world.
[00:09:47]  We're building, we're creating, we're entrepreneurs, we're crypto, a lot of things, except for fascists.
[00:09:53]  Because here's the deal, ladies and gentlemen.
[00:09:55]  We're liberals now.
[00:09:56]  Now, many of you have said that Brace, you should not have worked in the Trump administration.
[00:10:00]  Many of you have said that Liz, you should denounce your close, personal, and occasionally romantic, way in the past when you're in your modeling days relationship with Trump.
[00:10:09]  Young Chomsky, you should stop, of course.
[00:10:12]  Well, we don't need to get what he was doing, but Young Chomsky was doing something nasty.
[00:10:17]  We supported Donald Trump, obviously, very famously throughout the last, we were big supporters in 2016.
[00:10:25]  Everyone got mad at us.
[00:10:26]  We became liberal during the Joe Biden years and we were ready to support Trump again.
[00:10:30]  But Trump, you got too in with crypto and tech people that we hate.
[00:10:36]  So we fucking hate you now and we're fucking liberals.
[00:10:40]  We're like hardcore, like really liberal.
[00:10:43]  I'm resistant.
[00:10:43]  The resistance doesn't exist anymore.
[00:10:48]  The resistance does not exist.
[00:10:50]  There's no existence of the resistance.
[00:10:52]  I've saw something that was like, I guess there was supposed to be a woman's march.
[00:10:57]  Hello.
[00:10:58]  Where are they going?
[00:10:59]  No, but in DC, and they're like, we're expecting 50,000 people and 5,000 people showed up.
[00:11:04]  Now, I just want to counter again.
[00:11:06]  Think about Trump won 2017 women's march on inauguration weekend, right?
[00:11:13]  And it was in D.C., I think it was like 200,000 people, let alone like all around the world where there was the other marches and like in every tiny town where every lady and her good husband had a pink hat on out in like New Hampshire on the street, like honk if you love women or whatever people were doing.
[00:11:33]  It was like five and a half million people or something like that throughout the world on that.
[00:11:37]  And you got 5,000 people in DC.
[00:11:39]  There is none of that shit exists anymore.
[00:11:42]  It's up to us.
[00:11:43]  It's up to us.
[00:11:44]  We are the flame in our fucking channel.
[00:11:46]  We were at the DNC.
[00:11:48]  Look, I legitimately, on the way to the, I'm going to put my cards on the table.
[00:11:53]  Put them on.
[00:11:54]  I was reading the emoluments clause.
[00:11:57]  I was reading the emoluments clause and I was prepared to discuss it.
[00:12:01]  What's an emolument?
[00:12:03]  Well, that's one of the things that I'm trying to figure out.
[00:12:06]  I cannot tell you what that shit is.
[00:12:08]  But no, I'm just saying, like, I am not prepared for what I have seen so far from Trump 1.
[00:12:17]  I mean, Trump 2.
[00:12:19]  Trump 2.
[00:12:20]  I'm telling you this now.
[00:12:22]  Hating Trump for me is just, it is like fucking breathing.
[00:12:27]  Fuck you, Trump.
[00:12:28]  You're fucking crypto.
[00:12:31]  Once you got on the all-in podcast, you became my enemy forever.
[00:12:38]  Actually, once you did Solemani in, once you fucking, once you, I don't even want to start by because that's what just caused COVID.
[00:12:46]  But I hate you, Donald J. Trump.
[00:12:50]  So we were watching the inauguration this weekend, and that was two days after we both made significant, significant money in Trump coin.
[00:13:04]  Yeah.
[00:13:04]  And we figured it was a good time to have our old friend, Jacob Silverman, on the show to talk to us about the amazing and terrifying crypto grift that is sweeping the government.
[00:13:23]  I got to say, I think it was a great conversation, and also it made me really mad.
[00:13:27]  This shit makes me really mad.
[00:13:32]  Fucking fuck this shit.
[00:13:34]  Well, Liz, let me tell you this.
[00:13:37]  Wagmi.
[00:13:38]  What?
[00:13:39]  We're all going to make it.
[00:13:41]  Do you recall?
[00:13:42]  We're not.
[00:13:43]  We're all going to make it.
[00:13:44]  We're really not, though.
[00:13:46]  I want to play something.
[00:13:47]  I mean, I think we're going to be fine, but like a lot of people are not.
[00:13:50]  I want to play you something that I feel like a lot of people, and before we start the episode really in earnest, I feel like this escaped a lot of people's memory.
[00:14:00]  I want to play you a song that came out by Mark Zuckerberg's sister, Randy Zuckerberg, in 2022.
[00:14:06]  And I want you to listen to this and I want you to feel it because Liz, yes, women have abandoned us.
[00:14:12]  They love Donald Trump now.
[00:14:13]  Oh my God.
[00:14:13]  Women have abandoned us.
[00:14:14]  The white man has abandoned us.
[00:14:16]  The blacks, the Latinxes, whatever other, the Asians, of course, but there's so many different kinds that you have to, the Chinese and the Indians have all abandoned us.
[00:14:27]  It's us.
[00:14:28]  Race just names the races.
[00:14:30]  Oh, I can name more too.
[00:14:31]  Koreans, how about that one?
[00:14:32]  The Japanese who do not like the Koreans, which I don't understand because I'm like, come on, guys.
[00:14:37]  It's like, I was not liking Canadian stuff.
[00:14:39]  But it's we don't like Canadians.
[00:14:42]  So, okay, I guess I do want to, but I don't understand Japanese racism because I'm like, what is up with that?
[00:14:47]  Because you guys are trying to do it.
[00:14:48]  Is that them being racist or being racist?
[00:14:50]  How are you going to do something called a co-prosperity sphere, right?
[00:14:55]  A co-prosperity sphere.
[00:14:57]  We're trying to get all the different Asians in there, but you're racist against them.
[00:15:01]  Just make it make sense.
[00:15:03]  Well, no one said it was going to be successful.
[00:15:04]  It wasn't.
[00:15:05]  Randy Zuckerberg's song, hashtag Wagme.
[00:15:09]  We're all gonna make it.
[00:15:12]  Yeah, we're all gonna make it.
[00:15:16]  We're all gonna make it, everyone.
[00:15:26]  It's just the starts of GM.
[00:15:38]  Okay, so that is I'm telling you this Liz Right now, that might have pissed you off to make you listen to that, but that is what's in the fucking White House now.
[00:15:47]  So listen up.
[00:15:48]  We're liberals.
[00:15:50]  We love liberalism.
[00:15:52]  And here's our interview with Jacob Silver, our conversation with Jacob Silverman.
[00:15:56]  Not really an interview.
[00:15:56]  We're all talking.
[00:15:57]  You hear that?
[00:16:13]  Jacob.
[00:16:16]  Say something.
[00:16:16]  It's a fucking podcast, Jacob.
[00:16:18]  Say you can't just nod.
[00:16:20]  I hear you.
[00:16:20]  I hear you.
[00:16:24]  But you'll never have what I have, will you, Jacob?
[00:16:26]  You'll never have anything like it.
[00:16:29]  Nevertheless, I'd like to welcome you to the show.
[00:16:34]  Jacob Silverman, not a very precious metal, but who's counting?
[00:16:40]  I am.
[00:16:41]  The author of upcoming book Gilded Rage.
[00:16:45]  Elon Musk.
[00:16:46]  I can't read the whole thing in this voice.

=== ATM of Meme Coins (14:46) ===

[00:16:49]  Previous author of Easy Money: What Are Rugs and How to Pull Them.
[00:16:55]  On Verso Out, he has ACAP.
[00:16:57]  All coins are blockchain.
[00:17:00]  He wrote the book Center of America, Center of the World, My Binge with Bouquet, and My Coin, My Country.
[00:17:09]  Essays on Patriotism and Ethereum.
[00:17:12]  Co-written with Mark Andreessen Luther King.
[00:17:17]  Welcome to the Coin Cage.
[00:17:21]  It's an honor.
[00:17:21]  Thank you.
[00:17:22]  Silverman, is that Jewish?
[00:17:24]  Yeah, you know, someone DM'd me the other day who this guy has been replying to me lately, who seems very nice, but he DM'd me the other day and he said, Silverman, you're Jewish, right?
[00:17:33]  And I was just like, I'm not going to follow up on this.
[00:17:36]  Not going to.
[00:17:36]  You ever want to have to answer you're Jewish, right?
[00:17:39]  On X on at any point in any direction.
[00:17:43]  It doesn't matter where we're going with it.
[00:17:45]  It doesn't go.
[00:17:46]  But for me, you can answer.
[00:17:47]  You are.
[00:17:48]  Yeah, you know, I practically have it stamped on my forehead.
[00:17:50]  Yeah.
[00:17:51]  Yeah.
[00:17:52]  Well, you will soon.
[00:17:53]  Yeah.
[00:17:54]  No, not, yeah, not.
[00:17:55]  I don't even know what I meant by that, but you will.
[00:17:57]  No, I think I understand.
[00:17:59]  Yeah.
[00:18:01]  Question to start us off with.
[00:18:03]  Are you holding any coin right now?
[00:18:07]  I am holding a small amount of Bitcoin that I bought in El Salvador.
[00:18:13]  You bought it in El Salvador?
[00:18:15]  I bought it at an ATM in El Salvador.
[00:18:17]  Oh, yeah, you got it.
[00:18:17]  I did use a debit card, but I think it would be pretty easy, or maybe I put in cash.
[00:18:22]  I mean, it's pretty easy to get to buy Bitcoin that's mostly untraceable from an ATM there.
[00:18:27]  Okay, so I have a question because I am stupid.
[00:18:31]  When you buy Bitcoin at the ATM, what do you get back?
[00:18:36]  Like, how does it mean?
[00:18:37]  Yeah, no, that's a good question.
[00:18:38]  Does something come out of the ATM?
[00:18:40]  Yeah, I believe what comes out is you get a receipt with a QR code and you use a wallet software.
[00:18:49]  I think I used Moon, M-U-U-N, not paid endorsement.
[00:18:56]  What?
[00:18:56]  And you do the QR code thing and it sends it to the wallet address of the wallet.
[00:19:02]  Trustworthy.
[00:19:03]  I believe that's how it worked.
[00:19:04]  This was a couple years ago now.
[00:19:05]  Follow-up question.
[00:19:06]  What is the use case scenario for a person going to a Bitcoin ATM?
[00:19:13]  Because in my thing, ATMs are things that give you money when you put in money or you put in card, it gives out money.
[00:19:20]  But I'm going to an ATM and I'm buying something or I'm trading my money for Bitcoin, which is otherwise called buying.
[00:19:29]  Why would I do that instead of just going on my phone where the wallet is and buying it from an exchange?
[00:19:37]  I guess because this is supposedly bypassing exchange, but you're still dealing with some kind of centralized authority.
[00:19:44]  Maybe you could get better rate.
[00:19:45]  You could get a better price.
[00:19:46]  And it appeals to, I think, the low-information user, you know, the person who walks in, especially here in the U.S. where you still see them, like you walk into a gas station maybe or in a poor neighborhood.
[00:19:56]  Yeah, it's kind of a tweaker.
[00:19:57]  Bodega or something like that, and it might be there.
[00:20:02]  I actually saw one, I was recently in Monterey, California, and they have a fair amount of military stuff there, including like a naval graduate school and stuff like that.
[00:20:11]  And this is the stupid, paranoid way I think about things now.
[00:20:16]  But I was near the naval postgraduate school, and there was a Bitcoin ATM at a gas station there, and it had Russian and Chinese options.
[00:20:24]  I was like, so if you're, you know, if you're being paid by your Russian handler in Bitcoin, maybe it's easy.
[00:20:31]  You can go, yeah, yeah.
[00:20:34]  I have a full confession to make to our listeners.
[00:20:38]  We've been doing this podcast for five years.
[00:20:40]  Something like that.
[00:20:41]  Over five years, I think.
[00:20:42]  A little more than that.
[00:20:42]  We've done a lot of episodes on coins.
[00:20:45]  All kinds of people.
[00:20:48]  I still don't really understand Like Bitcoin, I can begin to understand.
[00:20:55]  I'm like, okay, I get where you're going with this, but I don't know why does this exist.
[00:21:01]  And then I had the same thing with NFTs.
[00:21:03]  And then I realized like it's better to stop thinking about why and just start stop thinking about anything and just be like, they exist.
[00:21:10]  And that's it.
[00:21:11]  Like there's no, if you're listening to this episode and you're going to be like, what does any of this mean?
[00:21:16]  Does this is there like some smarter person than me that like has figured out an incredible way to use this kind of technology in a way that's going to change everything?
[00:21:27]  No.
[00:21:28]  Don't worry about it.
[00:21:29]  It's as stupid as it sounds.
[00:21:31]  Yes.
[00:21:32]  And so you don't have to feel stupid listening to this because this stuff is also stupid.
[00:21:36]  Well, I think that's like we got to that with the NFT episode because I remember that red-pilled me on all yeah, no, because you're like, I, you're like trying to figure out like the use case.
[00:21:48]  Yes.
[00:21:49]  But it's like, no, it's just speculative.
[00:21:52]  It's just, and they're like, oh, but it's on chain.
[00:21:54]  It's all and it's all public.
[00:21:56]  Well, here's the thing.
[00:21:57]  I don't want my wallet to be public.
[00:21:59]  But it's funny because I was thinking about that actually over this past weekend when we were when we because we'll talk about it.
[00:22:06]  Trump coin launched.
[00:22:08]  And I was like, they don't even do any of that bullshit anymore.
[00:22:13]  There are no, there's no Trump coin white paper.
[00:22:15]  Like there is no, like, no one is trying to sell it.
[00:22:19]  Yeah, sell any of the colours.
[00:22:20]  It does say community on the Trump coin website.
[00:22:22]  Yeah, but I do get around any kind of saying that it's a security of any kind.
[00:22:28]  Right.
[00:22:29]  Or a financial asset.
[00:22:30]  Yeah.
[00:22:31]  And we can talk about why they're doing that.
[00:22:32]  But it's so funny because this new era that we've entered of whatever is going to happen with crypto, it's either going to the moon or it's tanking, like always.
[00:22:44]  It does feel like way more all illusions have been stripped away and it is like bare red face staring at us of what it's always been, which is just get in, get out.
[00:22:59]  You might lose everything, but you also might make everything that you'll ever need.
[00:23:04]  Get, you know, ride the Trump train, ride the Trump coin train to the moon.
[00:23:08]  Fucking gamble.
[00:23:09]  And fucking fucking gamble.
[00:23:11]  And that's all it is.
[00:23:12]  And I think there's a real awareness now.
[00:23:14]  You know, they talk about in varying terms, but among people in crypto that that's what it is.
[00:23:18]  And that, I mean, some of them aspire towards more or, you know, making products that actually appeal to a lot of people or scaling this.
[00:23:25]  But, you know, I think either deep down or sometimes talking about in the last week on X, they know it's a zero sum or zero sum or even less than zero sum game that it's gambling.
[00:23:37]  And that's why some of them, I think, also you've seen from a lot of crypto people actually don't like the Trump coin because they don't, they kind of see it as not in their strategic interest.
[00:23:46]  Like people are going to lose money.
[00:23:47]  It is just a meme coin.
[00:23:48]  There's no pretense anymore.
[00:23:50]  These things are shit coins.
[00:23:51]  None of them are worth anything.
[00:23:53]  And while they like the attention, they worry that, you know, this is just going to bring, well, bad attention and hurt some people and leave them in kind of a worse position.
[00:24:01]  So for, wait, you just said the golden words, so maybe we can start there because for people who have not been spending 48 hours a day on pump.fun or in the trenches, as we say, over the past couple years.
[00:24:20]  What is a meme coin?
[00:24:21]  What is a shit coin?
[00:24:22]  Sure.
[00:24:23]  And I just want to...
[00:24:24]  And what does it have to do with Trump?
[00:24:25]  I want to echo also what you said earlier, which is that, you know, this stuff is all very stupid.
[00:24:29]  And you can get stuck in further layers of complexity.
[00:24:32]  And I've been writing about crypto for a while.
[00:24:35]  The people on the side of crypto will always try to mystify it or say you don't get it.
[00:24:40]  Or there's some aspect of it technically or conceptually or ideologically even that you don't understand.
[00:24:46]  That's really never true.
[00:24:47]  I mean, you all get it enough, you know, and it's a get-rich-quick scheme.
[00:24:51]  It's all the things you think it is.
[00:24:53]  And the fact that they've been trying to do this for 17 years and haven't really gotten anywhere besides providing a way for criminals to transfer value a little more easily, I think says a lot.
[00:25:05]  But so what happened was that Trump released what's called a meme coin, which is really just a token, a cryptocurrency token based off of anything, really, a meme, some piece of pop culture.
[00:25:17]  There was, you know, Hawk Tua lady had one.
[00:25:20]  Okay, don't say that.
[00:25:22]  Her name is Hawk Tua, not Hawk Tua lady.
[00:25:24]  Hawk Tua.
[00:25:25]  Excuse me.
[00:25:26]  Hawk Tua, Miss Welch, had a coin, which, you know, what got a lot of attention because it was like, oh, how dare this person sort of do a rug pull and dump this on the public.
[00:25:38]  The point is actually that this happens hundreds or thousands of times every day, especially on pump.fun, that site you're time on.
[00:25:44]  It just usually happens over the course of a few seconds and barely involves any money or any people.
[00:25:49]  And, you know, these things flip in and out of existence all the time.
[00:25:55]  But when Trump does it, of course, a lot of people pay attention.
[00:25:58]  This thing surged to a huge market cap.
[00:26:01]  The numbers are all kind of fake.
[00:26:04]  So when you hear that, like, oh, this thing was worth $15 billion, that's not a real number.
[00:26:09]  No one is ever going to cash out for that much or anywhere near it.
[00:26:13]  But, you know, it's all relative.
[00:26:15]  But it did, of course, pump hugely over the weekend.
[00:26:20]  And then at least when Melania Trump's coin dropped, it dropped like 40%.
[00:26:25]  But the way to think about this is like, these are less than penny stock tokens.
[00:26:30]  This is like garbage.
[00:26:34]  There's no company or cash flow attached to this.
[00:26:36]  This is like, it's like if I were on a street corner selling pieces of paper where I had written Jacob on them or something.
[00:26:42]  No, no, I'm actually going to interrupt you right there.
[00:26:43]  Because you can't send them around the world.
[00:26:45]  So that's what I'm going to say.
[00:26:46]  It's less than garbage.
[00:26:47]  Because you say garbage, but you can burn garbage for one.
[00:26:51]  sell garbage you can eat garbage if you're a goat we sell garbage to come to countries exactly we put garbage on ships and then crash them onto beaches in fucking you know pacific on pacific islands this is pure it's nothing it's literally nothing yeah uh it's astounding to me but milania has one too yeah and there is one called baron but i don't know if that's officially affiliated with uh the gentle job Yeah, it's a little unclear.
[00:27:20]  Yes.
[00:27:20]  Like an official one.
[00:27:22]  There was one that I saw going around today that was supposedly affiliated with Rana McDaniel, the former like RNC chair.
[00:27:29]  Like it was called Rana.
[00:27:30]  I don't even know if that was like really her, but it just feels like the wheels are off or the gates are open or choose your cliche, but like everyone is just going to be doing this now.
[00:27:40]  Like, I don't know.
[00:27:42]  You feel almost a little precious sometimes getting worked up about it.
[00:27:46]  Or like, am I being hysterical?
[00:27:48]  But like, this is ridiculous that the president was doing securities fraud on inauguration weekend.
[00:27:52]  And like people, you know, get sued or go to jail for this kind of stuff under semi-normal circumstances.
[00:27:58]  I mean, it's so funny because we literally, we hung out last week.
[00:28:03]  We did this thing at Jenna Bliss's excellent show, Basic Cable.
[00:28:07]  I'll shout that out at Amant's gallery, but you were there and we were like, oh, you should come back on the show.
[00:28:12]  Like, we just got to think of it.
[00:28:14]  We got to find a crypto thing to talk about.
[00:28:15]  Literally, like two days later.
[00:28:17]  No, the next day.
[00:28:18]  The next week.
[00:28:21]  Donald J. Trump puts out this fucking coin.
[00:28:25]  And yeah, you're right.
[00:28:26]  It does go.
[00:28:27]  And there's all these sort of like breathless tweets and articles saying it's like he's made, he's going to make $50 billion.
[00:28:34]  And I'm looking at the website.
[00:28:35]  So the website is getTrumpMemes.
[00:28:40]  Sorry, it's hard for me to say.
[00:28:41]  The president's website is getTrumpMemes.com featuring a extraordinarily fit image of Trump.
[00:28:51]  It's like Barry Manilow Trump or something.
[00:28:53]  He's like, he does have a, it is a little manless.
[00:28:55]  He's a famous entertainer.
[00:28:57]  Yeah, but no paunch, no like.
[00:28:59]  It's giving residency.
[00:29:01]  Yes.
[00:29:01]  And you can, it says join the Trump community.
[00:29:05]  I like how they just call it a meme.
[00:29:06]  Actually, when you were saying earlier, there's like no pretense.
[00:29:08]  Like the fact that they're just calling it like a meme.
[00:29:10]  Yeah.
[00:29:10]  It makes it feel like it's just like one unit of shitcoin play.
[00:29:15]  So I think that that is actually part of the legal strategy because basically like they had to, for them to do this right before the inauguration was like, they had to do it right before the inauguration.
[00:29:28]  He cannot talk about this over the next like four years unless there's like a radical change in securities law.
[00:29:35]  Yeah.
[00:29:35]  But because and like the Constitution, because it would be too obvious of him trying to profit.
[00:29:42]  I mean, I think it already poses some like other, I'm going to say, like, resistance-esque questions about the Trump, like Trump enriching himself during the presidency and all this shit, which is very important.
[00:29:57]  But, like, I was reading the language on the meme website, and this is what it says: Trump memes are intended to function as an expression of support for and engagement with the ideals and beliefs embodied by the symbol dollar sign Trump and by the associated artwork, and are not intended to be or be the subject of an investment opportunity, investment contract, or security of any type.
[00:30:18]  GetTrumpMemes.com is not political and has nothing to do with any political campaign or any political office or government agency.
[00:30:26]  And what's so funny is that, like, I'm curious because you mentioned that the response from the crypto crypto world has been mixed, the community.
[00:30:39]  And I think that's true.
[00:30:40]  A lot of people are really upset.
[00:30:41]  They're like, oh, you're denigrating our, like, we're really trying to change the world.
[00:30:44]  We're doing stuff, you know, or whatever.
[00:30:47]  And other people have said that, like, actually, this is Gary Gensler's fault, who's the it always is.
[00:30:52]  Yes, the former SEC chair, who they're saying now, if he had actually nuked this entire thing after FTX, that we wouldn't have this.
[00:31:03]  And that the way they've carved out this, like, this rule for themselves by saying explicitly this is not a security, this is a meme, this is not affiliated, is in response to how Gensler kind of very like dipped his toes in in regulating crypto over the Biden admin.
[00:31:24]  That's interesting to me.
[00:31:25]  I mean, it's always someone else's fault.
[00:31:29]  I mean, I think one issue that Gensler did face and that the Biden administration did face was that there was a lot to deal with with crypto.

=== Crypto's Legitimacy Crisis (15:30) ===

[00:31:35]  Like, this is not, you know, as much as they might act otherwise, this is not a normal industry.
[00:31:41]  It is also not a very successful one on its own terms.
[00:31:44]  That's why they need their own regulatory regime and president crypto in office to actually expand the industry and hopefully have a future for it.
[00:31:54]  They have not built the future of finance that they keep talking about.
[00:31:59]  It's weird that they think that they can just get away with disclaimers and that kind of language.
[00:32:02]  I mean, but I guess that goes along with the posts that say this is not financial advice, that they just have the right excuses.
[00:32:11]  Yeah, so I think Gensler had a lot to deal with.
[00:32:15]  And there were some, I think, accomplishments in terms of enforcement, but there seems to be this attitude from the crypto industry that whenever some scam or problem erupts, that Gensler should have somehow preempted it.
[00:32:27]  And of course, they're not happy with any kind of regulation.
[00:32:30]  So they wouldn't necessarily be happy with some kind of preemption, much less the kind of regulation by enforcement that he was doing a lot of.
[00:32:39]  I've heard some people say that meme coins aren't adequately sort of covered under existing securities laws.
[00:32:45]  I don't think that's really true.
[00:32:46]  I mean, I think the main point of the Biden sort of crypto regime or whatever was that existing securities laws were basically deemed good enough or kind of expansive enough to cover this stuff.
[00:32:58]  I mean, they've been around since the early 30s, but in a sort of a positive way, they're kind of elastic and the Howey test has been applied to a lot of different things.
[00:33:08]  So I think no matter how it plays out, it's going to always somehow be a failure of regulation or a failure of the government to create the right kind of environment that they want.
[00:33:20]  Well, it's interesting within the crypto sphere, it's like there's people who want to completely deregulate it, 100% like no government enforcement whatsoever on any of this.
[00:33:31]  This is the future.
[00:33:32]  This is the freedom of the internet, decentralization, blah, And then there's people who are like, we're trying to act almost more like traditional finance or at least in concert with traditional financial institutions like banks and stuff.
[00:33:47]  And this is where you get to like a lot of the kind of the blame on Gensler, right?
[00:33:52]  Is because he was not like treating this enough.
[00:33:56]  He was like treating it too much.
[00:33:57]  There was too many regulations and the regulations didn't make sense, they said.
[00:34:01]  And so it made basically nobody happy, which has actually always been my thing is if you can't please everybody, don't please anybody.
[00:34:09]  But it's when you saw this like extraordinary mobilization within the Bitcoin community or the coin community, actually.
[00:34:17]  I shouldn't say Bitcoin only, but within the Coin community writ large, the crypto community, in a pro-Trump way, I think because of this.
[00:34:28]  But at the end of the day, it's actually kind of impossible to give these people what they want because there are so many different wants and needs from different parts of this bullshit industry based entirely or almost entirely on graft and ripping people off and with these ecosystems that really are dependent upon large-scale Ponzi schemes or fucking rug pulls.
[00:34:52]  And it just, that's what kind of blows my mind is like, it feels like the only thing the Biden White House could have done is just fully made this completely illegal and arrested anybody who is remote involved in it on any level or just not regulated it at all.
[00:35:08]  Yeah, I've been trying to think about that.
[00:35:10]  You know, I think they should have always acknowledged or understood that the crypto industry was their political enemy, their adversary.
[00:35:16]  You know, that these people were never going to be satisfied.
[00:35:20]  Maybe they give some money to Democrats, but they aligned so completely by the time of the 2024 cycle with the Republican Party that it was foolish to sort of indulge them and to treat them again like a normal industry that is sort of creating positive economic growth and jobs.
[00:35:37]  Like that might sound simplistic, but there are people working in crypto, of course, but The scaling and the and the use cases and the actual sort of customer interest is just not there.
[00:35:50]  Like, so they have to fake it.
[00:35:53]  You know, they have to, they have to be subsidized or forced upon people or trick people, whether it's through meme coins or whatever else or just through FOMO and hype, because the uses aren't really there.
[00:36:06]  And I think that's just what the Biden administration didn't couldn't acknowledge that.
[00:36:11]  Like, this wasn't the future of finance.
[00:36:13]  This is much more like payday loans.
[00:36:15]  You know, this is like a predatory financial instrument or like gambling or a lottery or something.
[00:36:20]  It's not something you want to create space for.
[00:36:23]  It's something you want to keep very much siloed or even suppress.
[00:36:29]  I guess, yeah, I mean, I do keep coming back to this.
[00:36:31]  And we don't have to spend much time on this, but I really do just want to know.
[00:36:35]  And I've Googled this so many times and the answers just don't make sense to me.
[00:36:41]  Gun to your head right now.
[00:36:44]  Genuinely, what is the broadest use case?
[00:36:47]  And I'm talking in the broadest possible terms for crypto for a normal human being like me who has wants and needs and love in my heart, but also hunger in my belly on occasion and thoughts in my head.
[00:36:59]  What do I use this technology for?
[00:37:02]  For you, speculation.
[00:37:05]  Maybe Brace, like 10 plus years ago, you might have gotten on the Silk Road.
[00:37:10]  No, no, no, because anybody who's buying drugs online, it's like, you don't have a real drug addict because you want them right then.
[00:37:15]  Right, right, that's true.
[00:37:16]  I'm not waiting the mail.
[00:37:17]  For a heroin?
[00:37:18]  That's ridiculous.
[00:37:19]  That is pretty ridiculous.
[00:37:20]  Give me a break.
[00:37:22]  Yeah, lock Ross all right up for 10 more years for that idea.
[00:37:25]  Supposedly he's letting them out.
[00:37:27]  We'll see.
[00:37:27]  We'll see.
[00:37:29]  I think they're going to free him.
[00:37:29]  No, but genuinely, like, no, I'm serious.
[00:37:31]  Like, and I'm not totally joking about the Silk Road, too.
[00:37:35]  Like, I talked to a guy once who works in crypto now, and he was a former addict.
[00:37:39]  And he said, I got, he said, I got into Bitcoin because of the Silk Road.
[00:37:43]  He bought drugs on the Silk Road.
[00:37:44]  Everybody, I know.
[00:37:45]  He's like, it was the best onboarding mechanism in Bitcoin history.
[00:37:47]  And he wasn't kidding.
[00:37:49]  That is the value proposition, which is that, and this is what I try to return to a lot, especially when I'm arguing with folks, is that, you know, what is it good for?
[00:37:57]  What's the use case?
[00:37:58]  It's a poorly regulated parallel financial network where you can transmit value or something like money.
[00:38:05]  And that's it, really.
[00:38:07]  It's not necessarily more efficient.
[00:38:09]  It's just it allows you to get around capital controls and other financial laws.
[00:38:15]  So that's why Bitcoin and Tether are the currencies of choice for cyber criminals.
[00:38:21]  And that's why that's still the only place where there's any innovation or use cases.
[00:38:25]  Well, I guess that's my thing.
[00:38:26]  So like, and this is sort of what I was leading back to.
[00:38:29]  So wouldn't regulation actually diminish the amount of use cases that a lot of the crypto products have?
[00:38:36]  Because if this was regulated like a traditional financial institution, which by the way, Deutsche Bank, every bank is used for criminal stuff.
[00:38:44]  Absolutely.
[00:38:45]  But like, this stuff is a lot, the majority of its use case for some of these things is criminal.
[00:38:51]  Yeah, and we should say, like, you know, not just banks, but also like shadow banks, hedge funds, other like shadow, like private credit institutions all have crypto wings within their institutions, and they have for some time.
[00:39:06]  So it's not as if these aren't fully enmeshed.
[00:39:10]  Sure.
[00:39:10]  However, I think I've been thinking about this a lot, Brace, what you're saying, which is like, and there does seem to be a bit of a divide within the crypto community about what the potential Trump admin being the like big Bitcoin crypto president, like talking about a Bitcoin strategic reserve or whatever, which would be the U.S. government buying basically massive amounts of Bitcoin.
[00:39:38]  We can talk about that, like what that would mean.
[00:39:40]  Would that be a good thing or a bad thing for the industry?
[00:39:43]  And the critique being that once the state is now involved in this like upfront way, they will be involved in, it's not just that like that means they'll just buy it and then sit back and more people will buy it and it will go up.
[00:40:00]  It means actually, no, their hands will be very active in it and protecting their interests in it, which if you're a cyberpunk person, maybe that means like drone warfare in, you know, bombing foreign crypto miners, which I think would be on the table.
[00:40:16]  Some of them love that idea.
[00:40:17]  Sure.
[00:40:18]  There are people who are all into this like fusion of militarism and Bitcoin.
[00:40:21]  Yeah, I mean, it's like a crypto, it's like a cyberpunk novel like fever dream.
[00:40:26]  But I think to your point, Brace, is like it's totally unclear with the U.S. government, especially being hounded by Trump and all these other people that we got to talk about that are super crypto friendly and like criminal on their own level that are now going to be in the admin, like them getting involved on such a scale, unprecedented scale, it's not clear what that actually means for the future of the crypto world as it is now.
[00:40:54]  Yeah.
[00:40:55]  And I think it's obviously against the original kind of cyberpunk vision or cypherpunk vision of being money unshackled from the state.
[00:41:04]  So it's a bit ridiculous.
[00:41:05]  But there's been always this contradictory impulse for Bitcoiners in particular, but in crypto in general, that they want legitimization or legitimacy.
[00:41:16]  And they want to be, they also just need dollars and money because it's a Ponzi scheme.
[00:41:21]  So they need, you need, you know, real money always coming in.
[00:41:26]  And so that's why they need to appeal to Wall Street and institutional investors and just the mainstream institutions and powers that be because they can't exist as some separate, you know, hived off digital economy.
[00:41:39]  They need to keep the dollars flowing through the system and fresh dollars coming in.
[00:41:44]  I mean, it's kind of like bailing out a boat or something.
[00:41:47]  If they don't keep having dollars coming in, like there's no liquidity, no one can cash out.
[00:41:51]  Like nothing really moves.
[00:41:53]  The boat sinks.
[00:41:55]  So that's why they're always going to sort of be attracted, I think, to large sums of money sitting on Wall Street or elsewhere because they can't really afford to be independent cypherpunks in the way they claim to want to be.
[00:42:08]  I mean, my worry here is that now that kind of it seems like, at least for like this week, all bets are off.
[00:42:15]  And by the way, as an aside to our listeners, all bets are off right now.
[00:42:19]  So if you're thinking about doing that rug pull, you're thinking about doing that fucking pump.fun scam on people, whatever, this is your scam.
[00:42:26]  From this out right now, do it.
[00:42:29]  Says Liz.
[00:42:30]  She's wrote me in a little note that says, Liz Franzak says to do your scam this week.
[00:42:36]  I say don't do it.
[00:42:38]  Jacob's neutral.
[00:42:39]  Young Chomsky, of course, is enmeshed in a variety of lawsuits.
[00:42:42]  And so he can't comment.
[00:42:43]  Liz says do the scam.
[00:42:45]  But my worry is that so many financial institutions get enmeshed with this stuff now that it becomes more legitimized that like when this eventually something, I feel like everybody knows something bad is going to happen with all this crypto stuff.
[00:43:03]  Something fucking.
[00:43:04]  I think even the crypto people know it and that's why they're upset by if we're all if, if this shit does really get more in with our like legit financial institutions which, by the way, are also run by a bunch of crooks and fucking morons and something fucking in the, the crypto boat sinks or whatever that will have like what if, if we have a crypto depression by the way, i'm not sharing my canned goods with anyone.
[00:43:30]  I mean, a lot of crypto people are now saying the r word.
[00:43:34]  They are, oh my god, no as much as other like real financial people have that say yeah, I mean because they look at this and they say, like what is they're like this is not a good signal, like they were looking at the Trump Coin.
[00:43:50]  And they were like, for every like DGen on X, the everything app, being like, you know, oh, Trump coin launched and you're blackfilling anon or whatever they're fucking moronic.
[00:44:02]  I'm not, never mind.
[00:44:04]  I'm just going to move on.
[00:44:04]  No, say it.
[00:44:05]  Say it.
[00:44:05]  Say the R word.
[00:44:06]  Recession.
[00:44:08]  No, a lot of people were contra that saying like, no, this is not a good signal because what you're seeing is like this is now reaching a hysteria point.
[00:44:18]  Everyone's looking for the top.
[00:44:20]  Yeah.
[00:44:20]  And I don't know a bigger top than Trump.
[00:44:23]  I'm like walking.
[00:44:27]  Wow.
[00:44:29]  No.
[00:44:30]  Major pause.
[00:44:31]  No pause.
[00:44:32]  We just roll right through.
[00:44:34]  I'm not saying that that's what's happened.
[00:44:36]  I'm not, you know.
[00:44:37]  Well, you did say that's what happened.
[00:44:39]  You're like, you texted me.
[00:44:40]  Is this top?
[00:44:42]  No, no, no, no.
[00:44:43]  But I, first of all, what I text privately is very different than what I am saying on this show.
[00:44:48]  Let me just say there's a lot of different words.
[00:44:50]  Oh, there's R words that you haven't even realized are bad to say yes texting me.
[00:44:55]  No, but my point being that like this scale of scam on both crypto level and Trump level, I think caught everyone sort of by surprise and was just like, wait, is this legitimizing or is this a bad thing?
[00:45:11]  Like no one can really tell.
[00:45:13]  And that coupled with, like, look, I'll just say, it's not a great signal for the economy if everyone is like banking on innovation coming from like fintech and crypto.
[00:45:23]  Like that is not a sign that like things are good if you're like, this is who's going to juice the economy.
[00:45:30]  And so you've got Trump up there with people like, you know, all of the crypto people.
[00:45:35]  We got David Sachs up there who we need to talk about.
[00:45:38]  All the rest of these A16Z guys that are staffing up the admin that it does feel like Howard Luttnick, who we need to talk about, and Tether, like this, you know, you saying that everyone is sort of feeling like something's got to give.
[00:45:56]  I keep the thing about crypto that feels like it's it does feel attuned with some things with the American economy is that it it's like one big game of musical chairs.
[00:46:08]  And it's sort of like every single person seem, including everyone that is was in the fucking rotunda at the inauguration, seems to realize that like at some point the muse is going to stop.
[00:46:19]  And they're just like trying to like make sure they got what they've got before the bottom falls out.
[00:46:25]  And it feels like that everywhere.
[00:46:27]  Yeah.
[00:46:28]  And in some way that's reflected in the Trump meme coin, which is like the Trump family trying to cash out or like dump on their fans perhaps before people wise up or before things get worse.
[00:46:40]  And I think also crypto people know that their industry is deeply volatile, that it's like super boom and bust, and it can happen very, it happens very quickly in like two-year cycles.
[00:46:51]  And frankly, that's just not how you want mainstream American capitalism, even if you like it, to run.
[00:46:57]  And so, like, today, or the day we're recording on Tuesday, there was an announcement about some company filing for some shitcoin ETFs.

=== Cantor's Crypto Dilemma (14:42) ===

[00:47:06]  Like, so these are, like, so these are, like, bonk ETFs.
[00:47:11]  Yeah.
[00:47:11]  Yeah, so it was a big deal when even the Bitcoin ETF was approved.
[00:47:14]  What this basically means.
[00:47:15]  Which by Gensler, right?
[00:47:17]  Yeah.
[00:47:18]  Their great enemy who gave them exactly what they wanted.
[00:47:20]  But what basically this means is like you give money to a big financial institution, they buy the Bitcoin, but you own part of an ETF fund that like its price is pegged to Bitcoin, basically.
[00:47:32]  And so it brings in the institutional money into Bitcoin because you have like Wall Street firms buying crypto, but consumers aren't necessarily directly exposed to it.
[00:47:42]  They're still, of course, exposed to its price movements.
[00:47:45]  And that's one thing.
[00:47:47]  And it's one thing when that happens and then you start getting like retirement funds or other institutional investors.
[00:47:53]  That's where all the money is.
[00:47:54]  Yeah.
[00:47:56]  But now today, someone is trying to do a Trump ETF, a bonk ETF, like these fly-by-night shit coins from the summer and stuff.
[00:48:06]  Solan Solana.
[00:48:07]  Yeah, and Solana and everything else.
[00:48:09]  And in some ways, it's almost worse that it's like some of those sort of semi-legitimate coins like Solana because you could see those attracting more money, perhaps.
[00:48:16]  Solana.
[00:48:17]  And it's like, what happens once you start having public retirement funds?
[00:48:22]  And so this might be a segue to getting into some of the stuff.
[00:48:25]  Like talking about Cantor Fitzgerald, for example.
[00:48:28]  I've been looking at them.
[00:48:30]  Cantor Fitzgerald is a major Wall Street firm.
[00:48:33]  CEO's Howard Luttnick, who's nominated to be commerce secretary.
[00:48:37]  He manages a lot of the money for Tether, which is one of our favorite companies and deeply shady crypto company.
[00:48:44]  And Cantor's, if you look up who Cantor's biggest shareholders are, it's public pension funds, like teachers and nurses and retirement funds.
[00:48:56]  And Cantor is starting to get so deep into crypto and into Tether and into this company that is a real risk, like geopolitically even, that that's how you start getting some real dangerous contagion, like a cascade that like when this thing blows up in two years, in six months, that it takes down a lot more than just like a bunch of crypto companies.
[00:49:18]  The other thing I think is also worth noting is that the crypto exchanges now, like Coinbase and Kraken, are listing Trump token and promoting it for their fans or for their customers.
[00:49:28]  So they are complicit in this.
[00:49:30]  I mean, I got a push notification.
[00:49:31]  I've never seen that before.
[00:49:32]  I got a push notification from Robin Hood to buy Trump token.
[00:49:37]  Which, by the way, I bought.
[00:49:40]  And I got to say, too.
[00:49:41]  Just full disclosure here, because we're not journalists.
[00:49:45]  What's the least actionable?
[00:49:46]  We're comedians and pranksters who are doing saddle.
[00:49:51]  You're doing memes.
[00:49:52]  We're doing memes.
[00:49:53]  This is, yeah, get true and on memes.com.
[00:49:56]  TrueNonMemes.com.
[00:49:58]  And by the way, and I said this, I said this to people.
[00:50:02]  And it's so true.
[00:50:05]  People are always like, oh, Brace, every time you do an episode about anything related to crypto, you always buy some and then end up making a bunch of money off of it.
[00:50:13]  True.
[00:50:14]  But nobody ever gives me credit for the rug pull shitcoin scams that I have not done to our fan base.
[00:50:21]  Because I guarantee you, if I did a shit coin, and by the way, I made an NFT.
[00:50:25]  I put it on OpenSea.
[00:50:27]  People offered money for it and I didn't take it because I felt bad.
[00:50:31]  Because I was like, anybody who would purchase this is no offense, the little light in the loafers.
[00:50:38]  You got to discover your inner Gary Vee.
[00:50:41]  Gary Vee?
[00:50:42]  Yeah, you know that guy?
[00:50:43]  Yo, yeah, I know it.
[00:50:44]  Do I know him?
[00:50:44]  He's on that hustle on that grind.
[00:50:46]  I know, but it's like, it's, let's talk Luttnick because he, like you were telling me off mic, was also one of those people who got a call on 9-11 not to show up.
[00:50:56]  Okay.
[00:50:58]  Gary Luttnick, sick of hearing him talk about all those people who died on 9-11.
[00:51:02]  Now I want to hear him talk about Tether because he does seem to be very enmeshed with that company.
[00:51:08]  We've done a Tether episode before.
[00:51:10]  Yeah.
[00:51:11]  Many moons ago.
[00:51:12]  Let's link it.
[00:51:14]  Many moons ago?
[00:51:15]  Very, very good to say because that's exactly where it is going.
[00:51:20]  But we, you know, with stable coins, Tether, and stablecoins to me seems like people are putting a little bow tie on a fucking cryptocurrency.
[00:51:27]  I don't like it.
[00:51:29]  I don't fucking like it at all.
[00:51:30]  I'm telling you, and I, do I own some?
[00:51:33]  Actually, no, because they seem like less of a good investment product.
[00:51:37]  But Luttnick is all tied in with Tether.
[00:51:40]  What's going on with that?
[00:51:41]  Yeah, so Tether, for those who don't know, is basically the company that makes the poker chips at all the casinos.
[00:51:47]  As if one company made all the chips that were used at every casino in Vegas and it makes a stable coin.
[00:51:53]  This is a crypto token that's basically stays at a constant value or supposed to peg to the dollar.
[00:51:58]  So one Tether token is worth a dollar.
[00:52:01]  It is the paradigmic, sketchy crypto company, always based in some offshore tax haven.
[00:52:08]  Its founders are, well, one of its founders is never seen in public or rarely, and they don't come to the U.S. You know, it's kind of everything you could imagine with globalized crypto that exists everywhere and nowhere.
[00:52:27]  But they are somehow have more than $100 billion worth of tethers in circulation, maybe $120,000, maybe even higher than that now.
[00:52:37]  And That money has to go somewhere.
[00:52:40]  And because this is a company that has had a lot of banking issues and a lot of legal issues, the money just tends to end up in weird places.
[00:52:49]  And mostly at Caribbean banks, but sometime a year or two ago, Tether became, perhaps longer, Tether became a client of Cantor Fitzgerald, this major mainstream Wall Street financial firm.
[00:53:03]  And one reason why this is strange is because Tether is actually banned from doing business in New York State.
[00:53:09]  They agreed, and this is a good thing.
[00:53:11]  Where 9-11 happened.
[00:53:12]  Yeah.
[00:53:13]  It's a good thing to point out to crypto people also is like Tether has had actions against it.
[00:53:17]  I mean, like they agreed to tens of millions of dollars worth of fines with the CFPB and with or CFTC and with the New York AG.
[00:53:27]  And they're banned from doing business in New York State.
[00:53:30]  But somehow they can work with Cantor who has bought, who has converted a lot of their dollar holdings, which is supposedly tens of billions of dollars.
[00:53:37]  No one actually knows how much Tether money Tether has.
[00:53:40]  They refuse to audit their books or produce a public audit.
[00:53:44]  And they've obfuscated this relentlessly and keep kind of moving the goalposts.
[00:53:50]  But supposedly, Cantor has taken tens of billions of US dollars from Tether and converted them to U.S. treasuries, making Tether one of the largest holders of U.S. treasuries.
[00:54:00]  And, you know, this is like an asset that banks or other financial institutions hold.
[00:54:04]  It's really easy to get in and out of.
[00:54:06]  It's kind of like dollars.
[00:54:08]  But no one on Wall Street seems to have dealt with them besides Cantor.
[00:54:13]  In the past, when people try to get to the bottom of this, no one could actually figure out who has actually done deals with Tether or knows that these guys are one of the biggest purchasers of T-bills.
[00:54:23]  That was not on anyone's radar.
[00:54:25]  So you had Howard Luttnick on CNBC, like basically saying, no, I've seen the vault myself.
[00:54:32]  Like doing a Geraldo.
[00:54:34]  He sent his son, I believe.
[00:54:35]  So to read it, to quote from the Wall Street Journal, Luttnick's son, Brandon Luttnick, who as of December is now the CEO of Cantor Fitzgerald, Luttnick's son, Brandon Luttnick, had an internship with Tether in 2023 in the Swiss town of Lugano, where Devocini partly resides and maintains some of Tether's operation.
[00:54:57]  Brandon counted the gold bars that Tether holds in a vault buried inside a mountain to back a separate $660 million token called Tether Gold.
[00:55:10]  Some of the business associates.
[00:55:12]  That's such bullshit.
[00:55:15]  So you saw some money, some gold.
[00:55:17]  Well, that was Tether Gold's reserve, I guess.
[00:55:22]  I mean, this is just, I mean, this is basically what our Tether episode was about.
[00:55:27]  It's like, is this real?
[00:55:30]  Like, we have no idea.
[00:55:31]  We're taking fucking Howard Luttnick's word for it.
[00:55:36]  Yeah, and that's the thing.
[00:55:39]  This thing keeps going, this operation, but there's nothing, there's very little you can kind of put your hands on or at least substantiate with like real evidence that the money is there or that they're doing what they're saying.
[00:55:52]  But it's become for the crypto industry, obviously, too big to fail and something that they all would just rather look the other way.
[00:55:59]  And now they easily can because they're about to have a friend in the White House.
[00:56:03]  I know that's that's what's so astounding to me, right?
[00:56:06]  Like, obviously, how do I phrase this?
[00:56:11]  Like every fucking cabinet fucking cocksucker since like whenever business was invented sometime in like the late 1800s after the Civil War.
[00:56:22]  But like whenever, you know, like it's all filled with like defense executives, you know, bankers and all this kind of stuff.
[00:56:30]  But with this, it's like it almost seems like this is this is really Fox guarding the hen house in such an incredible way to have Harold Muttnick, especially with Tether, like with the relationship with Tether here, because he will be actually appointing people that oversee shit like Tether and like are in charge of like regulating shit like Tether.
[00:56:52]  Yeah, the conflicts of interest throughout the Trump administration really are just so blatant now because they are the point.
[00:56:58]  Like that people are in those positions so that they can act on those conflicts of interest.
[00:57:02]  And as we've said, the US dollar, of course, is used for nefarious purposes or money laundering or whatever, but like that's what crypto is for.
[00:57:12]  They will tell you otherwise, but that's what it is for.
[00:57:14]  And that's what Tether is really for.
[00:57:17]  It is like that and Bitcoin are the reserve currencies or the daily transactional currencies of global cybercrime.
[00:57:24]  And it makes ransomware possible.
[00:57:28]  Ransomware would not exist as a phenomenon if they cannot be paid easily in crypto, usually in Tether, Bitcoin, or Monero.
[00:57:37]  So this is like the CEO of Money Laundering Inc. or the banker for Money Laundering Inc. now going to work as Secretary of Commerce.
[00:57:50]  That is not far-fetched in any way.
[00:57:54]  And Cantor also is a part owner of Tether now.
[00:57:56]  Supposedly they own 5%.
[00:57:59]  They're going to start doing some loan program.
[00:58:01]  I mean, all this stuff also, when you hear about any of this crypto stuff, there's a lot of borrowing involved, of course.
[00:58:06]  And people are always trying to borrow against their crypto holdings, just like rich people borrow against their stock holdings.
[00:58:12]  And so it's always about sort of doing more and more borrowing, kind of repackaging loans and stuff.
[00:58:18]  It's a fucking House of Commons.
[00:58:19]  And different currencies and different tokens and going back and forth between fiat and crypto.
[00:58:26]  And this is how FTX became undone was because someone called their loans in.
[00:58:30]  But if you have the money printer, If you are Tether or working with them, and what is widely believed to be happening, though again, we don't have proof one way or another, is that Tether might be printing money out of thin air because they certainly have the ability to do that.
[00:58:46]  Yeah, it's funny.
[00:58:47]  I was just pulling up some previous notes that I had forgotten that Cantor was opening up a financing wing, a Bitcoin financing arm that they had announced.
[00:58:59]  And they were like, oh, in order to do that, we need to partner with, quote, select Bitcoin custodians, which is obviously like, he's not going to say Tether because there's clearly like, that would be too much of an obvious conflict, you would think.
[00:59:13]  But I think that's the implication is that who would be the custodian?
[00:59:17]  And so your point about how all of crypto is always like looking for either ways to borrow against themselves or move one thing to another thing with like a shell company in between.
[00:59:27]  Like the washing of money that is happening is like primarily, that is like one of the main functions of all of these crypto startups.
[00:59:37]  It's like, what's like a new vehicle for washing more money?
[00:59:40]  Right.
[00:59:40]  And that's a way to pump liquidity in the form of like meme coins and chitcoins.
[00:59:46]  It's a way to move money like globally around.
[00:59:49]  It's a way to juice like startups.
[00:59:55]  I mean, there's, you know, like ad tech is like a perfect example of like kind of the same phenomenon where you're buying bots to juice an ad firm that is like buying from another one that they also own.
[01:00:06]  So that's like kind of a loop in terms of like running both sides of the market.
[01:00:10]  Exactly.
[01:00:10]  And that's like what crypto is like structured to do.
[01:00:14]  And now to your point, like to bring in like the ultimate bailout is to have the actual money printer fused to this, meaning the fucking federal government, the U.S. Treasury, the, you know what I mean?
[01:00:30]  The Fed, the guy who decides, and the guy that decides like what, when the money gets printed and where it goes.
[01:00:36]  Yeah.
[01:00:38]  Yeah.
[01:00:39]  And, you know, what, and it's obviously transparently corrupt to have the U.S. government buy Bitcoin because that props up the price and helps all of Trump's donors.
[01:00:49]  But we've already gone beyond that, which is like now they're talking, well, one, his shit coin is on Solana, which is, as we'll probably talk about, a kind of Trump world connected company.
[01:01:04]  But also, like, you have them talking about possibly supporting a basket of crypto tokens of like U.S. made tokens, like Solana and some of these other companies.
[01:01:14]  U.S. made token is the stupidest.
[01:01:16]  I'm sorry, is this digital, like digital or is this national?
[01:01:20]  This is so fucking stupid.
[01:01:22]  It makes me so mad.
[01:01:23]  It's not real.
[01:01:24]  It's not like there are like, we need to hire real Americans to do the real crypto mining.
[01:01:29]  Like, this is, this is so stupid.
[01:01:31]  This is so stupid.
[01:01:33]  I just want a normal country.
[01:01:35]  We're so far beyond that.
[01:01:36]  I just want a normal country full of normal people.
[01:01:39]  It's not that.
[01:01:41]  No.

=== Instantaneous Transfers Explained (06:00) ===

[01:01:49]  Okay, Solana, you said.
[01:01:51]  Let's talk about that because I do think.
[01:01:53]  Solania!
[01:01:54]  I like it because it's got a little bit of a Latin flair to it, no?
[01:02:01]  The connections with Trump World, I do think their choice of using Solana is important.
[01:02:06]  It's very interesting.
[01:02:08]  Yeah.
[01:02:08]  And like.
[01:02:10]  Yeah, so Solana was a popular token a couple of years ago, and it was famously called one of Sam's coins because Sam Bankman-Fried was an early investor and sort of insider.
[01:02:21]  I mean, you want to talk about pump and dumps.
[01:02:24]  I mean, Solana's had a longer life, but it was a coin very much associated with like these insider profits.
[01:02:31]  And one of those people actually was David Sachs.
[01:02:34]  Because David Sachs, who's Trump's new crypto and AI czar, there's a famous clip, which he's claimed it doesn't represent what people think it represents, or they're not saying what they're actually saying.
[01:02:46]  But there's a famous clip from All In, his beloved podcast, where Sachs and Chamith are joking about each of them having a billion dollars worth of Solana.
[01:02:57]  This was two or three years ago.
[01:03:00]  And Chamith is, and they talk about getting it at a discount.
[01:03:04]  Chamith in the video says something like, I don't buy a billion dollars of anything except at a discount.
[01:03:11]  And this could be that they actually received Solana like pre-IPO or ICO price, basically, or that they invested directly in the company.
[01:03:22]  But we do know for sure that David Sachs's Kraft Ventures, his VC firm, invested in something called MultiCoin Capital.
[01:03:29]  Multicoin Capital is a trading firm that invested in Solana, and it was a big investor.
[01:03:35]  I think A16Z is also a Solana backer.
[01:03:38]  I mean, these linkages are all pretty close.
[01:03:41]  So when you see that Trump is releasing this token on the Solana blockchain, that Solana might become part of this supposed basket of cryptocurrencies, or that it's just even being mentioned in association with the Trump administration.
[01:03:55]  This is directly enriching people who are working on this stuff.
[01:03:59]  Well, I want to also make note of the fact that, and I don't know if this is absolutely confirmed, but I think it is.
[01:04:04]  The token launched while Trump was at a David Sachs-hosted crypto party on inauguration weekend.
[01:04:12]  And actually, it's funny.
[01:04:13]  I don't think anybody knew about it, too.
[01:04:16]  Yeah, some of them were tweeting that they didn't know about it.
[01:04:18]  And they were pissed.
[01:04:19]  Yeah.
[01:04:19]  I mean, I'm not sure.
[01:04:20]  I'm a big dog.
[01:04:21]  I'm not sure if I can do it.
[01:04:22]  Yeah, I know.
[01:04:23]  But yeah, I mean, Solana, like, it is interesting that it was launched on the Solana chain.
[01:04:29]  You can buy, I mean, I'm looking at gettrumpmemes.com right now.
[01:04:33]  I mean, it is, it is Solana contract address.
[01:04:36]  Like, there is just like, it's all over this fucking thing.
[01:04:39]  But of course, you know, this stuff never really works properly.
[01:04:42]  So at least if you try to buy on Coinbase right now, your transaction is going to be stuck for a day or two.
[01:04:47]  But I thought the whole point of crypto was those instantaneous transfers of money.
[01:04:50]  Yeah, it doesn't seem to really happen anymore.
[01:04:52]  Because that is literally what I hear from these fucking stupid fucking pieces of shit all the time is that I'm not talking about you if you're a crypto guy listening this.
[01:05:02]  I love you.
[01:05:02]  You're one of the good ones.
[01:05:03]  You have the use case.
[01:05:05]  You're coming out with it.
[01:05:06]  I believe in you.
[01:05:06]  This is your fucking year, bro.
[01:05:08]  I'm not talking to you.
[01:05:10]  But these fucking stupid cocksuckers always fucking talking about, oh, it's instantaneous transfers of money.
[01:05:15]  It's instantaneous transfers of money.
[01:05:17]  24 hours.
[01:05:19]  24 hours?
[01:05:21]  Get real.
[01:05:22]  What are you, a bank?
[01:05:23]  Yeah, this seems to happen.
[01:05:24]  They're making a lot of money on ARM.
[01:05:25]  And Solana in particular has had its own issues.
[01:05:27]  Like, it's a little notorious in crypto or has kind of fallen out of favor at times because it had a lot of technical issues and went down a bunch of times in the last few years and it's not supposed to do that.
[01:05:38]  And so, yeah, there is a weird phenomenon in crypto where anytime they seem to have a viral success, like the main centralized institutions or the infrastructure can't seem to handle it.
[01:05:48]  Yeah.
[01:05:48]  And which only makes people think that like, how can this ever possibly scale?
[01:05:52]  Or like Coinbase is the publicly traded regulated exchange.
[01:05:56]  And if it can't like, you know, just be a normal participant in a meme coin phenomenon and serve its customers, like how can any of this stuff work?
[01:06:04]  Well, and then there's always the question of, is it failing because the infrastructure is shoddy or is it failing because there's too much money to be made in slowing down these transactions because you slow them down and then you can make some art plays.
[01:06:16]  True.
[01:06:16]  Yeah.
[01:06:16]  Moving money around.
[01:06:17]  And the exchanges, we don't know specifically about Coinbase necessarily, but they pretty much all trade against their customers.
[01:06:23]  And all normies coming into this thing, right?
[01:06:25]  I mean, this is what happens when people take advantage of massive moments of like onboarding, right?
[01:06:33]  It's because it's not like people have never played this stuff before.
[01:06:36]  Played.
[01:06:37]  I shouldn't even call it that.
[01:06:38]  That's bad.
[01:06:39]  Player, get players.
[01:06:40]  They don't know that you can pay more to speed up, you know, your transaction or that you can, or to like get priority by paying more on the chain like in these transactions.
[01:06:50]  And so you have a bunch of people who hear that, read a story in Axios, like fucking breathlessly saying Trump launched a meme coin that's now worth billions of dollars, basically doing PR, by the way, in the way that they're reporting this stuff.
[01:07:04]  That's like not exactly true, like you were laying out.
[01:07:08]  You know, all joining in on trying to get on the fun and then finding out that, okay, I've done all this.
[01:07:13]  I've downloaded all this.
[01:07:14]  Now I'm stuck in Coinbase telling me that it's going to take 24, 48 hours.
[01:07:19]  I was seeing all these people on like the Solana Reddit being like, is this normal?
[01:07:23]  I just am trying to buy Trump.
[01:07:25]  And they're fucking stuck.
[01:07:27]  Get it the next day, and Solana has tanked in price because everyone's already gotten out.
[01:07:33]  And you're like, someone made money on that, and it wasn't you, you know.
[01:07:37]  And but no one is coming in and asking those questions because, again, everyone knows it's like you got to get in, get out, and it's only the fucking losers that are stuck with it.
[01:07:46]  Yeah, these things shift in hours or minutes.

=== Crypto Scammers Inauguration (06:44) ===

[01:07:49]  So, like, the normies are the ones getting soaked.
[01:07:51]  And I mean, this happens in a lot of different markets, types of markets, but like it's always magnified in crypto.
[01:07:58]  And, like, you know, there's sort of the normies and other people who are probably coming in, bringing some fresh money, but they are operating completely different level and like with different rules than the DGEs and then the insiders.
[01:08:10]  You know, who are, you know, and this has played.
[01:08:14]  The reason why I also think some people in crypto are critical of this is because they know exactly what this is.
[01:08:20]  There's nothing new here.
[01:08:21]  I think, as we said, there's nothing novel about the Trump meme coin or anything like that, or even anything really Trump is doing in crypto.
[01:08:27]  Like, they've seen this a thousand times before with people, they may have done it themselves.
[01:08:33]  Yeah.
[01:08:34]  So, and they know how this ends.
[01:08:36]  So, that's why I think they're like kind of white knuckling it.
[01:08:41]  So, like, I would say, like, you know, you named a few different groups of people here, right?
[01:08:46]  The normies, the D gen, the DGEs, and the insiders.
[01:08:50]  And I would say there's like a tier structure of like normies at the bottom, degens in the middle with like three little computer screens or whatever, all the fucking things floating.
[01:08:59]  And then the third tier at the top would be like the insiders who are actually making money off of it.
[01:09:05]  They're like the number one guy.
[01:09:06]  Yeah, you're issuing the token, or you work for the company, or your friend is doing it.
[01:09:10]  Yeah.
[01:09:10]  Yeah, yeah, yeah.
[01:09:11]  And so, like, that it's so funny because like they all play out like this.
[01:09:15]  And I was just, I was remembering because I was like, so the Paul brothers, who I don't Jake and Logan.
[01:09:22]  Okay.
[01:09:23]  So it took me a second.
[01:09:24]  It's just weird because you have just off the air.
[01:09:27]  We're not recording this.
[01:09:28]  Right.
[01:09:28]  Liz dated Logan Paul for like three years.
[01:09:30]  Oh, for real?
[01:09:31]  Yeah, yeah.
[01:09:32]  Cool.
[01:09:32]  And she doesn't like to talk about another show.
[01:09:34]  So I just called her.
[01:09:35]  Did you say in college?
[01:09:36]  In college.
[01:09:36]  I love the idea that he's gone to college.
[01:09:37]  He's gone to college.
[01:09:38]  Yeah.
[01:09:39]  At Bryn Mawr, and then, of course, at the University of Austin.
[01:09:44]  What's the University of Austin?
[01:09:46]  The free press.
[01:09:47]  University of Austin.
[01:09:48]  I wonder how that's doing.
[01:09:51]  They've got a lot of money from Joe Lonsdale.
[01:09:53]  Oh, boy, boy, oh, boy.
[01:09:54]  He's a criminal, right?
[01:09:56]  I mean, not actionable question.
[01:09:57]  Horrible voice.
[01:09:58]  Watched him on that fucking vet show.
[01:10:00]  Lonsdale, you have a gay voice.
[01:10:03]  There is nothing.
[01:10:04]  Maybe he is gay.
[01:10:05]  Let me look this up.
[01:10:06]  He's married, at least officially to do that.
[01:10:10]  Okay, Lonsdale.
[01:10:13]  Let me tell you, you got to take some voice training lessons because, honey, it's not working for you.
[01:10:18]  And I say this as somebody who is a high register, but Lonsdale is a criminal.
[01:10:23]  He's giving criminal.
[01:10:24]  He's giving.
[01:10:25]  We're not alleging he's a criminal.
[01:10:26]  We're just saying he's giving, he's serving, he's presenting criminal to me.
[01:10:31]  Soon will be serving time.
[01:10:33]  No, he won't, Liz.
[01:10:35]  He's gonna be serving the government.
[01:10:38]  He's gonna be, you will be serving time.
[01:10:41]  All these guys are in the government.
[01:10:43]  He'll be running the defense department.
[01:10:44]  But the Paul brothers, the Paul brothers, of course, who have run like numerous crypto scams of their own, who, of course, and they there, there's a picture of, I can't remember which one of the Paul brothers.
[01:10:55]  All white people look the same to me.
[01:10:56]  But with Mike Tyson on his shoulders, who, of course, they recently had that bullshit fake ass fight, slop, a slop world fight.
[01:11:03]  It was actually.
[01:11:05]  And then Mike Tyson's done like a million scams on Solana, too.
[01:11:08]  And it's like all these guys, it's like what drives you crazy is like half the people at this inauguration are literal fucking crypto scammers.
[01:11:19]  From the highest level to the bums, are at this fucking thing.
[01:11:22]  And they're all doing these fucking crypto scams.
[01:11:25]  And like, this is what I'm saying.
[01:11:27]  I have had my problems with some of the politics of the government of America in the past.
[01:11:33]  All can be forgiven if I am allocated a certain amount of Bitcoin to some accounts.
[01:11:39]  But I love this country and I love the people in this country.
[01:11:42]  And I want this place to be better.
[01:11:44]  And I love everybody.
[01:11:46]  I'm Mr. Brother Love, they call me.
[01:11:48]  But we have the fucking slop merchants at every fucking level.
[01:11:54]  And like these people who have made society worse in the way that like the most annoying woke-ass motherfucker, like bullshit could not even dream of because they don't have the technical ability.
[01:12:07]  And like, that is just what drives me so crazy about this stuff.
[01:12:11]  Is like we have, it's like this, it's the slop lever has just been pushed to the fucking brim.
[01:12:17]  And this inauguration saw with the fucking shit coin.
[01:12:22]  There's no difference to me between a shit coin and a regular coin, by the way.
[01:12:25]  The only coin I recognize is the money coin that has this right here, the quarter.
[01:12:31]  I can't put your little fucking Ethereum and make my laundry go.
[01:12:35]  I can't do that.
[01:12:36]  I can do that with this beautiful quarter.
[01:12:38]  Who's on this?
[01:12:38]  What state?
[01:12:39]  It's a couple of guys.
[01:12:40]  Is this D-Day?
[01:12:41]  Good lord.
[01:12:42]  I think it might be.
[01:12:43]  In the war in the Pacific, 2019.
[01:12:46]  Did you guys know about this?
[01:12:48]  We got World War II on the coin now.
[01:12:51]  And those brave boys died fighting the Japanese, the empire.
[01:12:56]  And now, and now what?
[01:12:59]  Right?
[01:13:00]  And now what?
[01:13:01]  But my problem, I think a great example of this is Ryan Fonnier, the Students for Trump character.
[01:13:09]  This guy.
[01:13:12]  I hadn't really, I had seen him.
[01:13:14]  He's like one of those, you know, million fucking guys that look like that who are like, you know, slop tweeter guys.
[01:13:23]  But he's like the entire charge of students for Trump.
[01:13:25]  I think he maybe went to school, possibly prior to desegregation because he looks a little old.
[01:13:31]  But he was like, he posted a picture of his Trump coin holdings and he's like, it's like 20 million up.
[01:13:36]  And he's like, this is incredible.
[01:13:38]  And then he did like, and then people were like getting pissed off at him.
[01:13:41]  That was like coin Twitter or whatever revolted against him.
[01:13:45]  And then he did another scam with some TikTok meme coin too.
[01:13:49]  And it's like, these, what am I supposed to?
[01:13:53]  I just want to, I just want everyone to love each other.
[01:13:55]  Man, why did we got to be like this?
[01:13:57]  Why have we got to be doing these kind of things?
[01:13:59]  Yeah, I mean, it does.
[01:14:01]  You were saying all of that.
[01:14:03]  And the only thing I can think of when I see like these types of people slot, it's like Yeltsin slop world.
[01:14:10]  Yeah.
[01:14:10]  Where it just feels like everyone is invited to the fucking fire sale except for me and you and everyone else.
[01:14:17]  You know, like if you had the invitation, then you're going and everything is on fire and you got to grab what you can before everyone gets out because it is a fucking, I mean, when we're talking about who's going to come in and regulate this stuff, we're like, you know, this can't be.

=== Regulating the Fire Sale (03:27) ===

[01:14:33]  Well, turns out all the guys that are going to be staffing up the regulatory industries are all in this as well.
[01:14:39]  All-in podcast.
[01:14:41]  Literally.
[01:14:42]  Like, I mean, all of the A16 guys that we were A16Z, it's too long for me.
[01:14:48]  T16Z guys.
[01:14:49]  Yeah, whatever.
[01:14:50]  Okay.
[01:14:54]  Are all staffing up the CFTC, the fucking SEC, like, you know, advising everyone on all policy about this.
[01:15:02]  And it's just to tear down what basically, I mean, it's like, I love the way these guys also talk about like the Biden regime.
[01:15:10]  Like it was the fucking.
[01:15:11]  It was so hard on that.
[01:15:12]  The truth is at the gate.
[01:15:14]  Like, dear God, first of all, the SEC, God bless them and the two people that work there.
[01:15:18]  Like, it's not a robust agency because nobody in the U.S., including the banks, wants anybody really touching it.
[01:15:25]  It's like, it had to be so egregious for the SEC to get involved.
[01:15:28]  You know what I'm saying?
[01:15:29]  Like, it's not as if Gensler and the Biden guys were like that fucking hard.
[01:15:34]  It wasn't FDR.
[01:15:36]  Like, Jesus Christ, you know?
[01:15:38]  Yeah, they, I mean, it's ridiculous how soft these people are.
[01:15:42]  And they've had it so, I mean, the tech industry in general has had it so good for, I mean, its entire run, really, but like these people have been doing fine for the last decade, even when like as an industry, they haven't been necessarily innovating a lot or creating things that people want.
[01:15:57]  Yeah.
[01:15:57]  And they've had a lot of, you know, negative externalities coming to the fore.
[01:16:02]  They're all as rich as ever and doing really well, but they have that sort of classic conservative sense of victimhood.
[01:16:10]  And somehow, but also such a Kind of egotistical sense of their own entitlement and certitude that they are supposed to bring some amazing future, that anything that pretends to stand in the way or slow down that future is offensive or is their enemy.
[01:16:32]  And that's how they've kind of, you know, this is like the ant if you stand in the way of EAC, of effective accelerationism, of just like unfettered AI development, then you're actually like harming humanity.
[01:16:43]  And that's the kind of role that they cast the Biden administration in, I think, is like, we just want to do, you know, we just want to lead us towards technological utopia.
[01:16:51]  And, you know, the skulls and the Biden administration got in the way.
[01:16:54]  I see why it's an attractive narrative because I think about this sometimes and like the liberals do have, they don't have a grand narrative of like progress, right?
[01:17:03]  Like their whole thing is, I mean, if you could sort of sum up the past, like, especially like six years of like eight years of liberalism, I guess, since like Trump's first term, it's like they're like, well, we want what we have now, but like tweaked to be more equitable, right?
[01:17:20]  I mean, everyone wants equity in one way or another from both sides.
[01:17:24]  But like, there's no like, we're going to lead you to the promised land, we're going to make everything different.
[01:17:28]  Like, like the technologists on the right do have that in their favor, right?
[01:17:34]  Like, there is no equivalent of unlike a liberal equivalent of a guy being like, we're going to go to Mars, right?
[01:17:40]  It's like, we're just going to make what we have now, which like is a soulless or soul-draining, rather, like, miserable, even if it's like a very prosperous country in many ways, it is a fucking miserable country.
[01:17:55]  Like, there's no liberal like, like, plan to go forward, right?

=== Crypto's Empty Promises (15:18) ===

[01:18:01]  It's just this, but we're going to tweak it a little bit to be, to be more equitable, to be fairer to everybody, which, like, nobody trusts them to actually, they're all fucking, they're, they're all like this, but weak.
[01:18:11]  And a lot of people hear that and say, well, that means you're going to take from me.
[01:18:14]  Exactly.
[01:18:15]  Exactly.
[01:18:16]  And so, like, they are, this is, I mean, this is sort of tech's time to shine, right?
[01:18:21]  Like, this is crypto is like all of your, all of the promise that you've been like building, your little fake worlds that you've been fucking building, your fucking little legless metaverse that Zuckerberg's been doing in between shooting his ass full of TRT and then closing his eyes while he fucks his wife and thinking of fucking Bezos's disgusting, thick-lipped, fucking Latinx wife's strange breasts jiggling about in the rotunda.
[01:18:45]  Well, talk about rotundas.
[01:18:46]  You know, all your fucking dreams are going to come true.
[01:18:49]  And like, let's live in them.
[01:18:51]  We're going to see what's going to happen.
[01:18:52]  This is, I mean, this is just, it is, it, it drives me fucking crazy because it's like, I hate the world that we live in and I hate the world that they want to create.
[01:19:02]  And like, it is just crypto is such an indicative industry for all this shit.
[01:19:09]  I think that's why it's also sort of maddening sometimes, or for certainly for critics like me, is like, you know, once in a while, crypto lands on a decent critique or at least brings something up where you're like, okay, yeah, oh, I hate Wall Street, whatever else, talk about banks or incumbent financial powers.
[01:19:25]  Well, your solution is even worse.
[01:19:26]  And it is very frustrating that like the one area where there is kind of like a semi-coherent kind of techno-political vision for what they want to do or establish, like it's taking, it's responding to genuine crises that we are experiencing right now, I think, but they're taking us in such a worse direction.
[01:19:45]  And now, as you said, like, now is kind of their put-up or shut-up time because like they have everything that they want.
[01:19:50]  You know, if crypto in particular can't establish itself as an industry in a real way and scale now, then they never will.
[01:19:57]  And, you know, I don't think they will, but we'll see.
[01:20:05]  Well, before we wrap up, I want to talk about the dysgenic trio that makes up the Trump sons.
[01:20:11]  Actually, Baron, I would fuck, but how could I?
[01:20:15]  When he's starting a real estate company, so he's trying to get in legit.
[01:20:18]  Yeah, he's out today.
[01:20:19]  Okay, there we go.
[01:20:20]  But it's like, don't you, just do at least a couple years of college.
[01:20:23]  I feel like I need a stepladder to have sex with him.
[01:20:25]  Also, it's like, get into basketball.
[01:20:27]  Yeah.
[01:20:27]  Yeah, obviously.
[01:20:29]  I mean, that is.
[01:20:30]  Play for the NYU violets.
[01:20:32]  This is, if this was a real, is that what they're called?
[01:20:34]  I believe so, yeah.
[01:20:35]  Okay, then don't do that.
[01:20:38]  It is, it is absurd to waste time like that.
[01:20:42]  Yeah.
[01:20:42]  The white Yao Ming, they're calling him.
[01:20:44]  We should have got a chess match between him and Wemby.
[01:20:48]  We should have, yeah.
[01:20:49]  Liz went to that when Wemby did the chess and she cheated.
[01:20:54]  Did he do a chess match?
[01:20:55]  Oh, yeah.
[01:20:56]  When he was here playing the Knicks, he just said, he like tweeted out.
[01:20:58]  He was like, I'm going to go play chess in Washington Square Park.
[01:21:01]  Whoever wants to come back.
[01:21:02]  That's pretty awesome.
[01:21:02]  And I didn't go.
[01:21:03]  I wish I went.
[01:21:04]  But it was like pouring rain and you had Wemby there like sitting with all these kids.
[01:21:09]  I like that.
[01:21:10]  I know he reads a lot.
[01:21:11]  Like he reads every night before bed.
[01:21:13]  Apparently, he's like the most French.
[01:21:16]  This is an NBA player.
[01:21:17]  It was like, he was very French, right?
[01:21:19]  Yeah.
[01:21:20]  Very, very French.
[01:21:20]  He was at, they had him speaking.
[01:21:23]  They asked a bunch of questions of him at some, I don't know, exposition game in Vegas.
[01:21:28]  I don't think it was the Cup, but maybe it was.
[01:21:30]  And they were like, what do you think about Las Vegas?
[01:21:32]  Your first time in Las Vegas?
[01:21:33]  And he's like, this is the worst place I've ever been in my entire life.
[01:21:37]  Well, you nailed that one.
[01:21:38]  And you're like, well.
[01:21:39]  We have to talk about World Liberty Financial because that is the Trump children's company.
[01:21:46]  And they made the news.
[01:21:49]  By news, I mean, they made several.
[01:21:51]  This is what pisses me off.
[01:21:53]  I love Elon Musk because I think he's a builder.
[01:21:55]  I think he's an innovator.
[01:21:56]  And I think he is, despite being strangely shaped, he has busted many nuts and received the world with many children.
[01:22:03]  But you don't see him.
[01:22:05]  He speaks from the heart.
[01:22:06]  Yeah.
[01:22:06]  By the way, If ever you find yourself in a position in your life where people are arguing that you couldn't have been doing a Zeke Heil because you're too retarded to understand what that looks like, I would say that should be the last day that you spend breathing the air that the rest of us pay a low.
[01:22:22]  Park the car in the garage, close that door, and go to heaven.
[01:22:29]  Let go!
[01:22:30]  But what was I saying here?
[01:22:34]  World Liberty Financial.
[01:22:36]  What's the deal?
[01:22:37]  Sure.
[01:22:38]  So this is a crypto.
[01:22:39]  So Trump doesn't just have the shit coin.
[01:22:41]  Last year he started this company called World Liberty Financial, or at least put his name on it.
[01:22:47]  And he's something like chief crypto evangelist or architect or something.
[01:22:52]  Shingy for them.
[01:22:53]  Yeah.
[01:22:54]  And it's his son's kind of venture, it seems like, but it's run by a couple of crypto lifers who have been involved with a lot of sketchy crypto stuff, have the usual kind of eccentric resumes of crypto people.
[01:23:09]  And they released a token called World.
[01:23:14]  You know, they claim that they're going to do decentralized finance.
[01:23:16]  This is the future of whatever.
[01:23:18]  White papers about it.
[01:23:19]  Yeah.
[01:23:20]  It's like going through all the motions sort of being a legitimate crypto enterprise and sort of having some idea behind it, even though none of them do or this certainly doesn't.
[01:23:31]  But, you know, it's like as if you took a white paper and just copied and pasted World Liberty Financial in place of Bitcoin or something.
[01:23:39]  Anyway, they sold something like $30 million tokens or $30 million worth of tokens originally.
[01:23:45]  And they were having trouble selling some of them, perhaps because the tokens, you can buy them, but you can't do anything with them.
[01:23:52]  You can't move them, the WLFI token, I believe it's called.
[01:23:57]  Uh-huh.
[01:23:57]  You can't move, it's in their terms of service.
[01:23:59]  You can't move it off the platform.
[01:24:00]  It's supposed to be a governance token so like you could vote for things potentially if they ever actually let you do that.
[01:24:07]  And so you're basically just giving Trump money and giving the Trump family money.
[01:24:12]  And they sold some of them.
[01:24:15]  They were focused basically serving overseas customers, and now they're advertising how you can buy them without doing KYC.
[01:24:23]  Yeah, that was like their new thing.
[01:24:24]  The anti-money laundering procedures that most companies are supposed to follow.
[01:24:28]  Anyway, what I think is most notable is just that like this has become an avenue to pay Trump.
[01:24:35]  This is all just so blatant that you think it couldn't be that, could it?
[01:24:39]  But if someone wants to buy off Trump, of course, I'm sure there are established channels, but this is just an easy way.
[01:24:46]  And we've already seen it in progress, which is that Justin's son, who's one of the most notorious and a personal favorite crypto entrepreneur and kind of con man who love Justin's.
[01:24:57]  It's just like, read this Verge article, The Many Escapes of Justin's Son.
[01:25:01]  That's a good background.
[01:25:01]  I always recommended that one.
[01:25:03]  It's a really good article, yeah.
[01:25:04]  Yeah, it's just like this guy is just, I mean, he is currently the island of Grenada or Grenada's ambassador to he actually lost that role.
[01:25:16]  So Switzerland?
[01:25:18]  He lost the role for Grenada's ambassador.
[01:25:20]  He was their ambassador to the WTO in Switzerland.
[01:25:23]  That's what it was.
[01:25:24]  Wow.
[01:25:24]  This is the guy who could not be more blatant about always sort of searching for a new jurisdiction or friendly regime to protect him.
[01:25:33]  He's a Chinese national, hasn't lived in China for a while, but in the last couple of years has started being very friendly towards China and complimentary to the government and its crypto policies.
[01:25:42]  Some people think he may be a channel for kind of capital flight and money laundering into China and out.
[01:25:49]  But he lived in Grenada and Grenada for like a year or so, or at least was affiliated with that country and its government.
[01:25:57]  And then the government turned over and the new government was like, yeah, we don't want you in our government.
[01:26:02]  Yeah.
[01:26:03]  You're just literally an international criminal.
[01:26:06]  Yeah.
[01:26:06]  And so now he's technically the two-term prime minister of Liberland, which is a fictional country.
[01:26:14]  Yeah.
[01:26:14]  Wait, we were looking at Croatia and Serbia.
[01:26:17]  Yeah, no, I know.
[01:26:18]  Disputed territory.
[01:26:19]  Yes.
[01:26:20]  We were literally like, I don't know why, but we, and they have blockchain on the Free Republic of Liberland.
[01:26:26]  They have about, the sections are about news, government, culture, and then blockchain.
[01:26:31]  Well, he supposedly just got re-elected or appointed to a second term as prime minister.
[01:26:36]  I don't know where he actually lives.
[01:26:38]  He shows up at CryptoSuffin Asia.
[01:26:40]  I don't think he goes to North America or Europe much.
[01:26:45]  But originally, I mean, and this guy is like, he is like synonymous with kind of crypto grift.
[01:26:53]  I cannot emphasize that enough.
[01:26:55]  He owns a couple different exchanges.
[01:26:59]  His most notable company is Tron.
[01:27:03]  It's a blockchain.
[01:27:04]  It has its own token, also called Tron or TRX token.
[01:27:08]  It is also one of the main blockchains for Tether.
[01:27:13]  A lot of Tether is located on the Tron blockchain, which means that they do business together.
[01:27:17]  So basically, if you're a cyber criminal in Southeast Asia running a pig butchering scam, which is like now they're running out of these huge, they're like, these are big businesses now.
[01:27:27]  Yeah, yeah, yeah.
[01:27:28]  Like you're doing.
[01:27:28]  They like have Fortised him.
[01:27:30]  Yeah, they have like dormitories and like, like, it's like a prison.
[01:27:35]  Anyway, but it's a whole thing.
[01:27:36]  But like, we're telling like hundreds of millions of dollars worth of Tether passing through Tron all the time or every day from cyber criminals.
[01:27:44]  And like, you know, this is the guy who's getting a taste of all this stuff.
[01:27:48]  And so he put 30 million into World Liberty Financial, basically bought, you know, sent $30 million supposedly to the company to buy tokens, which he can't do anything with.
[01:27:58]  Then a few days ago, he bought another 45 million.
[01:28:02]  And this is someone who is actively being sued by the SEC for fraud.
[01:28:08]  You know, that lawsuit will almost certainly end, I think.
[01:28:11]  Get dropped.
[01:28:12]  But you've never seen a more transparent effort to get a pardon or to get a favor like that.
[01:28:18]  And now he's tweeting all the time about Trump and the Trump sons are buying Tron tokens and are buying what he's telling them to.
[01:28:27]  It's just nuts to me.
[01:28:29]  It's one thing if you're like, oh, like they associate with some shady or criminal elements or something like that, or we're spotted with this person.
[01:28:35]  It's like, no, like the president's son is like tweeting with one of the people who helps underpin global money laundering in crypto.
[01:28:44]  It is shocking.
[01:28:45]  I was thinking about this that it's almost shocking to me they weren't involved with this in the first Trump admin.
[01:28:50]  Yeah, it is kind of crazy.
[01:28:51]  It's kind of surprising they didn't get to it earlier.
[01:28:53]  I mean, yeah, maybe, I mean, maybe they didn't hear about it.
[01:28:56]  Yeah, I'm looking at the World Liberty Financial website right now, and I'm looking at it.
[01:29:02]  Oh, here's the governance process.
[01:29:04]  But it's like, meet the passionate minds shaping the future of finance.
[01:29:08]  Donald J. Trump, cheap crypto advocate.
[01:29:10]  Eric Trump, Donald Trump Jr., and Baron Trump are all Web3 ambassadors.
[01:29:15]  And then there's Chase Harrow, the co-founder, but also Steve Witkoff.
[01:29:19]  Yes.
[01:29:20]  And two of Steve Witcoff's sons, Zach and Alex, seem to be involved in this.
[01:29:26]  that's good to point out so for those who don't know Steve Wyckoff is the guy who basically just helped negotiate the ceasefire supposedly or like or force them into it between sent Sarah Netanyahu some stable coin Oh, God.
[01:29:43]  Yeah.
[01:29:44]  So, you know, really rich guy, Trump friend, who kind of strong-armed Netanyahu into accepting this deal.
[01:29:49]  And he's now the Middle East envoy.
[01:29:51]  But his sons work for the president's crypto business.
[01:29:55]  I mean, obviously this win-fly again under any halfway normal country.
[01:30:01]  Yeah.
[01:30:01]  I mean, it's just, it's so, I mean, this stuff is just so wrapped up in like the nude.
[01:30:09]  That's the thing is like, I keep being like, what we were like talking about doing this episode, I'm like, are we being like too niche on this stuff?
[01:30:14]  But it's so enmeshed in like all of Trump world now that it's like almost like it's it's it's like the primary I mean tech tech sort of writ large but like crypto in particular is so enmeshed Meshed, especially with the inauguration week.
[01:30:29]  I mean, even the, even the, like, like, you know, whatever updated deplorable passage press thing was sponsored by like a fucking NFT company.
[01:30:38]  Like, it's all like, it's all crypto.
[01:30:41]  It's all crypto all the fucking way down.
[01:30:43]  And the way they all became podcasters or like, you know, or everyone sort of became an influencer, like, it seems like crypto has equally become part of the culture.
[01:30:51]  Yeah.
[01:30:51]  Yeah.
[01:30:51]  I mean, it's, and it's also funny, like, even just thinking, because I keep thinking back and comparing like Trump 1, Trump 2, because it feels like, like you said, it's only been, you know, eight years, and yet it feels like a lifetime ago.
[01:31:06]  Like, you know, the whole claim about, you know, I was joking about talking about emoluments and Mrs. Mueller and all that stuff, but it's like, remember all of the fervor about Trump stakes and Trump University and like all of the Trump hotels.
[01:31:19]  And like, you know, that was like one of the big things, like, oh, foreign, what if foreign entities stay at Trump hotels and that gets him rich?
[01:31:28]  I guess at like a, you know, $700 a night.
[01:31:32]  The scale of that compared to like I, Fox News ran a whole thing shilling Trump coin, basically, that you can call it news, but it's also shilling it.
[01:31:45]  And it pales in comparison.
[01:31:48]  Like, like the, what we were dealing with in Trump 1 with the Trump stakes and the university and the, you know, whatever Mrs. Mueller was talking about.
[01:31:56]  Sorry, lady, I wasn't listening.
[01:31:58]  But I am now.
[01:32:00]  Oh, we're sat.
[01:32:02]  The scale of this shit is fucking crazy to me.
[01:32:06]  Like, it is on such a different level.
[01:32:08]  So enmeshed, like you say, now institutional.
[01:32:11]  And now literally like every post is staffed with a guy who has a financial like incentive to pump these fucking coins.
[01:32:23]  The doggy.
[01:32:24]  Oh my God.
[01:32:25]  We haven't even talked about Elon.
[01:32:27]  There's so many levels everywhere you look.
[01:32:29]  I have to say something.
[01:32:29]  Fucking whack-a-mole.
[01:32:31]  I have to say something.
[01:32:32]  Elon Musk, who is fucking based, who is fucking, I'm so glad he's on our side now and he's racist or whatever.
[01:32:40]  I love him.
[01:32:41]  He is fucking bass.
[01:32:43]  He is fucking epic flamethrowers.
[01:32:44]  He is fucking, he's getting it to fucking Mars and he's getting it to the fucking moon.
[01:32:50]  When I was on the RFK Jr. RV, which is crazy, I did not have group sex on that, by the way.
[01:32:57]  And I think I should get credit for that.
[01:32:58]  Just like I get, don't get credit for not.
[01:33:00]  Was that on the table?
[01:33:02]  I probably would have been everywhere.
[01:33:05]  But no, like I, you know, just like I don't get credit for not doing rug pulls, I also don't get credit for not engaging in a bisexual style orgy with everybody on that motherfucking army.
[01:33:14]  You showed a lot of restraint.
[01:33:15]  I showed a lot of restraint.

=== Government Doge Agency (07:25) ===

[01:33:19]  But Elon Musk obviously has doggy.
[01:33:24]  And when I was on that tour bus, multiple guys on that bus were like, or on the RV were like, you know, it was really, one of the first things they said to me, I think I asked them like, what were some really sad moments in your life?
[01:33:37]  Because I was like interviewing them or whatever.
[01:33:38]  And they were like, when Elon Musk went on SNL and we all thought he was going to say Doge and he didn't say it.
[01:33:46]  And it was really tough for us.
[01:33:47]  But we all met through the Doge community.
[01:33:50]  Obviously, I'm a holder of Doge myself.
[01:33:53]  I think I do actually hold about $50 worth of Doge, which I did buy the second that the, what do you call it, the government agency was announced.
[01:34:01]  But there is now a Doge.gov, which let's see if it's been updated in the last two hours.
[01:34:07]  It has been updated.
[01:34:08]  No way.
[01:34:09]  It has been updated.
[01:34:10]  So previously, the Doge.gov was a picture of the dog.
[01:34:14]  By the way.
[01:34:15]  Are you fucking kidding me?
[01:34:16]  This is an American government website.
[01:34:21]  We're both showing.
[01:34:22]  Everything's just so dumb.
[01:34:24]  Oh my God.
[01:34:25]  This is so embarrassing.
[01:34:27]  Well, about two hours ago when this website launched, it was a picture of the fucking Shibu dog, fucking, which, by the way, I'm sorry, but when Belden's in charge, we'll put that whole breed down.
[01:34:38]  I'm sorry.
[01:34:39]  They took the ASCII art out of the HTML also.
[01:34:43]  Oh, now they're getting serious, and I have an AI picture of a dog in a collar with a...
[01:34:48]  Anyways, it was an executive order establishing doggy.
[01:34:52]  Why is it called Doge?
[01:34:54]  I understand, but it is the image is of a dog, and it's spelled Doggy.
[01:34:59]  And now we have to say Doge.
[01:35:02]  I'm calling it Doggy for its entire existence, which I do think will be a while because I think Elon's going to and Trump are going to be close for a while.
[01:35:09]  Yeah.
[01:35:09]  I think people think he's going to get rid of Elon first.
[01:35:11]  I think Elon's going to be there for a while.
[01:35:13]  I think it's possible.
[01:35:13]  I don't know.
[01:35:15]  I'm going to keep waiting for a blow up.
[01:35:16]  I don't think so.
[01:35:17]  I don't think it's going to happen.
[01:35:18]  I don't know.
[01:35:19]  You know, one thing that I think we kind of ignore just because we take this stuff for granted hours, everything's so stupid.
[01:35:24]  But like the, obviously the whole Doge thing is like the Department of Governmental Efficiency has named that because it's a cryptocurrency.
[01:35:32]  That's what I'm saying.
[01:35:33]  It's a fucking shitcoin.
[01:35:34]  That's what I was trying to get at.
[01:35:35]  Yeah, Trump has been pumping.
[01:35:36]  I mean, not Trump.
[01:35:37]  Musk has been playing around with Doge and almost certainly trading in it.
[01:35:42]  I mean, he claims he does, has in the past, for years.
[01:35:48]  Also as a way to fucking finance projects.
[01:35:51]  He's been pumping and dumping that thing.
[01:35:53]  Also, one of his most pathetic reply guys is the guy behind it.
[01:35:57]  Yeah, so there were two people, I believe, who started Doge.
[01:36:00]  One of them, I mean, one of them started as a joke.
[01:36:03]  And that guy, Jackson Palmer, later denounced it and basically said, like, look, I doubt all crypto.
[01:36:09]  And like, he's just a regular tech guy.
[01:36:12]  Like, I've spoken to him.
[01:36:14]  But, and it was basically like, you all are taking this way too far.
[01:36:18]  And I intend this as a satire.
[01:36:20]  I was like, you know, when the idea of a shit coin was like itself a joke, you know, like, and not just something that was everyday.
[01:36:27]  Pandora's box.
[01:36:28]  Yeah.
[01:36:29]  So what happened basically was like, you know, it was kind of started as this lark or as this joke.
[01:36:33]  And one side took it as more of like, no, this is actual satire.
[01:36:37]  We're making a point.
[01:36:39]  Whereas I think one, the other people involved decide, like, no, actually, like, people seem to want this and I could make money on it.
[01:36:45]  And he took it all the way and like now talks to Trump all the time.
[01:36:48]  I mean, to Musk all the time.
[01:36:49]  And it just, it is, I think that if there's any indication of like the fucking there isn't a word for, I guess slop is the closest we can get, but a new vocabulary needs to be invented.
[01:37:02]  And God help me, I hope it's in goddamn Chinese.
[01:37:06]  We have a government agency named after a fucking shitcoin now.
[01:37:10]  And it's like its image was a shit coin until about two hours.
[01:37:13]  It's the same image as a shitcoin, that little fucking shitty, shitty fucking dog.
[01:37:17]  No disrespect.
[01:37:17]  I'm sure that dog is very friendly, but I'm sorry.
[01:37:20]  We need to use one of those cow air guns.
[01:37:23]  But it's not the Shiba Inu anymore.
[01:37:25]  It's not the Shiba Inu anymore.
[01:37:26]  Now it's an AI.
[01:37:27]  I'm sure Grok provided image of that.
[01:37:30]  And it's funny because in the actual executive order, you know, Musk made it seem like he was about to cut like every regulation.
[01:37:37]  He was going to like, he was about to make everything single-handedly.
[01:37:40]  But now they're deploying doggy teams to just every government agency of four guys to like do IT work, basically.
[01:37:49]  This makes me feel like, also, one thing I was going to say was: have you noticed that I don't think Musk has tweeted about any of the Trump coin stuff at all?
[01:37:57]  I wonder if it's just because it's competition for his own shit coin, Doge.
[01:38:00]  But, you know, now with the department and they seem to be kind of like rebranding the U.S. Digital Service, which is actually something that does something and sets up websites.
[01:38:11]  Or even, just in their first day in office, the Trump administration took down reproductive rights.gov.
[01:38:17]  That's the kind of service that the U.S. Digital Service stands up and actually makes stuff that works, that people use.
[01:38:25]  And what I feel like now is that this is just, they've just skipped to the part where it's a consulting and contracting play.
[01:38:32]  So you just take the U.S. Digital Service of these IT professionals and you send them around and turn it into a consulting thing where it's like, okay, so where can we get Grok AI or Salesforce in here?
[01:38:44]  Another fucking, you know, so that so that they can start monetizing this thing and getting contracts in.
[01:38:50]  And that's how they're going to remake stuff and cut the budgets and divert them, really.
[01:38:55]  But that's what I mean.
[01:38:56]  It's another fucking fire sale.
[01:38:57]  It's like, oh, shit.
[01:38:59]  How can we open up the public purse to use the term that everyone I find very annoying, but it's fine.
[01:39:05]  How can we open up the public purse and get government contracts, whether that's for, you know, all of the quote-unquote hard tech revolution in El Skundo, or if it's like, you know, the fucking getting Salesforce or some like shitty like SAAS software as a service fucking startup in there that their buddies are running out of Palo Alto to get a massive government contract.
[01:39:32]  And like, so he's actually adding a bunch of money.
[01:39:34]  Not that I have a problem with that.
[01:39:35]  The government should spend whatever it fucking needs to get shit done.
[01:39:38]  But the idea that he was coming in to cut a bunch of shit, first of all, it's like the only thing he would be able to cut would be either Medicare or the DOD because those are the only things that are on the fucking ledger.
[01:39:50]  And best of luck, it's not going to happen for either of them.
[01:39:54]  Though they'll try Medicare, I'm sure, and Social Security.
[01:39:57]  And instead, he's just like you say, more fire sale.
[01:40:01]  How much more of the government is up for sale?
[01:40:03]  much more can we fucking take before god forbid something falls out underneath our feet thank you for joining us I just want to tell you, I want to ask you actually.
[01:40:24]  Fuck, Mary, just kind of fuck around with like second base and kiss all in podcast hosts.
[01:40:38]  I'm fucking Calicanakis.
[01:40:42]  What do you, for how long?

=== Intense Lead Investor Banter (06:39) ===

[01:40:44]  Nothing immediately, but I'm, but Calicanakis is my number one.
[01:40:49]  He's sort of the most friendly of the bunch.
[01:40:51]  Like he followed me briefly and he's sort of paid lip service to some crypto critics and stuff like that.
[01:40:57]  So, you know, it would probably be the easiest one to really get my head around.
[01:41:02]  No, I actually did have a question that just has nothing to do with the rest of this podcast.
[01:41:05]  It was just from, because you recently, you wrote, I think like yesterday, an article in the baffler called Mr. Grift Goes to Washington.
[01:41:12]  So incoming AI, you write it.
[01:41:15]  I'll just read it out loud.
[01:41:16]  Incoming crypto and AI czar, David Sachs invested in crypto through Kraft Ventures, his venture capital firm, which put hundreds of millions into crypto companies and crypto hedge funds.
[01:41:26]  Kraft was also a lead investor in Dunn Global, a telehealth startup that the federal government has since alleged was operating as an Adderall pill mill with most of its staff not in its San Francisco headquarters, but in China.
[01:41:38]  Dunn's CEO and president were arrested in California last June and charged with a number of federal crimes.
[01:41:44]  Kraft Ventures has since scrubbed all mentions of Dunn from its website.
[01:41:48]  So the incoming crypto czar was literally like one of these fucking like Instagram ad drug dealers.
[01:41:56]  Yes.
[01:41:57]  I mean, he was a lead investor in this company, and it was him and a couple other VC firms, but he was the biggest.
[01:42:03]  Lists is a lead investor, wrote something about it.
[01:42:07]  And, you know, there was a lot of telehealth startups that came around during COVID and stuff.
[01:42:11]  But this was basically just, you know, you go online, you fill out a form, and they'll send you Adderall or Vyvance.
[01:42:17]  And it was nothing like what it seemed.
[01:42:19]  And as you just read, the CEO is like facing all kinds of fraud charges, but it turned out they were just running it out of China with most of the staff there.
[01:42:29]  You know, this is really not different than any Sackler-related opiate pill mill or anything like that.
[01:42:37]  But I think this really speaks to the fact that the theme of that piece is sort of criminality, that a lot of the people around Trump are criminals in one way or another, whether like actually convicted, like White House trade advisor Peter Navarro or whoever else or Trump himself, or just like sort of operate in that mode or in this world and like, or are actually like seeking legal protection.
[01:43:01]  And I think that's why Trump has come along at such an opportune time and why tech grabbed onto him so much is because a lot of them have real legal and regulatory and civil lawsuit concerns, sometimes massive ones, that were starting to accumulate before, you know, towards the end of the Biden administration.
[01:43:22]  I mean, and Musk being, of course, tops among them.
[01:43:25]  Yeah.
[01:43:26]  Well, if you would love to read more about this, Jacob Silverman's new book, Gilded Rage, Elon Musk and the Radicalization of Silicon Valley out on Bloomsbury.
[01:43:36]  Isn't that a comic strip?
[01:43:38]  Was it a comic stream?
[01:43:39]  It was Doonesbury.
[01:43:40]  Doonesbury is what I'm thinking of.
[01:43:42]  You should try putting something out on that.
[01:43:44]  I'll publish anywhere, man.
[01:43:47]  Yes, you heard that right.
[01:43:49]  However, you are banned from the Stormfront forums now, correct?
[01:43:52]  Yeah, yeah.
[01:43:53]  For rug pulls.
[01:43:54]  That was a little too enthusiastic.
[01:43:56]  We should do a rug pull.
[01:43:57]  I feel like if we did a rug pull on Stormfront, that wouldn't be bad.
[01:44:01]  I don't know how you only do it on that for them.
[01:44:05]  Well, we would use your account because you have some good cash.
[01:44:08]  I don't think that that would be enough people.
[01:44:10]  I think there'd be enough.
[01:44:12]  Yeah, I don't know.
[01:44:13]  There's probably, yeah.
[01:44:14]  But I'm like, I feel like if you do a rug pull to bad people, you're doing, you're not, you're kind of, it's like doing good, right?
[01:44:22]  Like if you do, if you scam people who are bad, aren't you kind of doing something that is good?
[01:44:29]  That's what Robin Hood did.
[01:44:31]  Yeah.
[01:44:31]  Robin was just rug pulling the sheriff, regardless.
[01:44:36]  Jacob, thank you for joining us.
[01:44:39]  And we'll see you on the blockchain.
[01:44:42]  It was a pleasure.
[01:44:54]  So Liz, what are we doing for liberalism this weekend?
[01:44:57]  What you got in the docket for liberalism?
[01:45:00]  No, no.
[01:45:01]  You don't know?
[01:45:01]  I'm going to shop organic.
[01:45:03]  I just saw, listen to this.
[01:45:05]  I just saw it.
[01:45:07]  First of all, you don't do that already?
[01:45:09]  No.
[01:45:09]  Hell no, dude.
[01:45:10]  I do.
[01:45:11]  So I shop local.
[01:45:12]  I shop organic, small as beautiful.
[01:45:15]  And also support your local farm.
[01:45:18]  Oh, my God.
[01:45:19]  You guys are so funny.
[01:45:20]  You guys are so funny.
[01:45:23]  Tell that to what's his name?
[01:45:25]  Amazon Guy's Wife.
[01:45:26]  No, I want to say this.
[01:45:27]  Chinese balloons.
[01:45:29]  I was waiting for you to do this, but you went with Rotendos.
[01:45:32]  Which made sense in the moment, but I did almost chime in with you.
[01:45:35]  You got to call back to the Chinese with some Chinese saloons.
[01:45:38]  Anyway, yeah, he's got to be worried about spying in his own house.
[01:45:42]  Mark Zuckerberg, maybe he's got to invest in some Chinese balloons for old Chan.
[01:45:47]  Old Chan.
[01:45:50]  It is.
[01:45:50]  I think she's got some.
[01:45:52]  I'm going to step out of liberalism for a second and just be really cruel here.
[01:45:57]  You are.
[01:45:58]  I'm pretty cruel.
[01:45:59]  Me?
[01:45:59]  No, liberals.
[01:46:00]  Liberals are cruel.
[01:46:01]  Not us.
[01:46:02]  Not.
[01:46:02]  Well, we're a new type of liberal.
[01:46:04]  Yeah.
[01:46:05]  Bezos.
[01:46:08]  This is a live girl that he's with now, his wife.
[01:46:11]  Well, she was.
[01:46:13]  She's so full of silicone now that I don't know what, if that's alive or dead.
[01:46:16]  It's like a new sort of.
[01:46:18]  I find her repulsive.
[01:46:19]  And I'm sorry.
[01:46:21]  I don't, I love women.
[01:46:22]  I love her on the inside.
[01:46:24]  And I think underneath all of that, there's something beautiful.
[01:46:26]  But it's crazy the face.
[01:46:29]  It's a lot.
[01:46:29]  Yeah.
[01:46:30]  I think there's something about her energy that I find attractive.
[01:46:34]  There's some like chaos magic happening that I understand.
[01:46:37]  I looked at her on TV and I said, I fucking vibe with you.
[01:46:40]  Yeah.
[01:46:40]  I think that when I was watching the inauguration, first of all, shout out to Tiffany Trump.
[01:46:48]  They let her in the building.
[01:46:49]  By the way, and let's go back.
[01:46:51]  I haven't seen her in a while.
[01:46:52]  In time.
[01:46:53]  I don't think she's seen her doctor in a while.
[01:46:54]  I think she's good looking.
[01:46:56]  Yeah, I know you like her.
[01:46:57]  But I'm a bit of an underdog.
[01:47:02]  A lot of funky-looking people in that room.
[01:47:05]  Oh, yeah.
[01:47:06]  A lot of, a lot of, you know, a lot of people are juicing in all new places, is all I'm saying.
[01:47:14]  The faces are wide.
[01:47:16]  The bodies are slim.
[01:47:17]  Should I start doing things to my body?
[01:47:20]  Yes.
[01:47:20]  Yeah.
[01:47:20]  Because I'm.
[01:47:22]  I can give you a list.

=== Ugly Excuses Wink (10:13) ===

[01:47:23]  But I'm not unhappy with myself.
[01:47:26]  No, no.
[01:47:26]  Yeah.
[01:47:27]  Yeah.
[01:47:27]  Do you think I should look at the movie more?
[01:47:29]  That was intense.
[01:47:29]  I don't.
[01:47:30]  That wasn't intense.
[01:47:30]  Yeah, what the fuck is that?
[01:47:32]  I think it's not about a yet.
[01:47:34]  And it's not about being, you know, not into yourself.
[01:47:38]  It's about just let's get funky with it.
[01:47:41]  Let's get funky with it.
[01:47:42]  Because I, you know, I didn't want to mention anything because it's rude to mention, but your work that you got done, Swastika on the forehead.
[01:47:50]  Sure.
[01:47:51]  I thought was was breaking a lot of normal bounds of discourse, but it's become a huge hit.
[01:47:57]  Well, because I just told people I was autistic.
[01:48:00]  That's such a good, dude.
[01:48:02]  I'm going to say something that you guys are going to get mad at me, but I will.
[01:48:06]  It's vaccines.
[01:48:07]  No, you don't have to stand by this, but I am just going to say it.
[01:48:12]  Okay, this is just saying this.
[01:48:13]  This is just Liz saying this.
[01:48:15]  You cannot just use autism as an excuse all the time.
[01:48:20]  Yes.
[01:48:21]  I am fucking sick of it, and I'm sorry.
[01:48:23]  Like Elon, them coming out and being like Elon with the sigh heile.
[01:48:32]  It was just the autism.
[01:48:33]  It was just him being a fucking moron or whatever.
[01:48:36]  The various shades of excuses were given.
[01:48:40]  Well, Hitler was autistic.
[01:48:42]  Look, we got to stop with it.
[01:48:45]  We got to stop with it.
[01:48:46]  That is not his issue.
[01:48:47]  That's not his issue.
[01:48:48]  Yeah.
[01:48:49]  And also, like, no, that was not his issue.
[01:48:52]  His issue is that he is fucking retarded.
[01:48:57]  I'm sorry.
[01:48:58]  Listen.
[01:48:59]  Stupid.
[01:49:00]  He was trying to do a wink-wink sigh hell.
[01:49:04]  You think so?
[01:49:05]  Yes.
[01:49:05]  I think he was trying to be like, look, I'm going to be, I'm going to, first of all, no one can fucking touch me.
[01:49:09]  I'm Elon.
[01:49:10]  I'm drunk with power.
[01:49:11]  I'm fucking Doge.
[01:49:12]  I'm here.
[01:49:13]  I'm going to do something that I can like wink-wink away from, you know, have enough plausible deniability.
[01:49:20]  But he fucked up and he was trying to make it look like a dab, but he's too stupid to know how to dab.
[01:49:27]  And so he just like mixed them all up.
[01:49:29]  And it was too obviously a sick.
[01:49:30]  It was just like, oh my God, everything you do is so annoying.
[01:49:34]  Everything he does is so annoying.
[01:49:35]  Once I learned that he jumped in the shape of an X, that changed.
[01:49:40]  I was like, I will give him credit for being like to getting it right.
[01:49:46]  Kind of.
[01:49:48]  Well, he should have done, which would have been so much funnier.
[01:49:51]  You know how Hitler did the little like, he did like Hitler's, because Hitler, Hitler sometimes did the full hile, which I'm doing right now.
[01:49:59]  It's okay.
[01:50:00]  It's our word.
[01:50:02]  But he like a lot of the times when Hitler would just go, hmm.
[01:50:08]  Right.
[01:50:08]  This is his little like gay way.
[01:50:10]  Yeah, he's like, huh, huh.
[01:50:11]  He should have done that.
[01:50:12]  Like, huh.
[01:50:13]  But he does that, I guess.
[01:50:15]  Yeah, because Elon's flopping around.
[01:50:18]  His speech was magnificent.
[01:50:20]  The amount, he probably said about eight words.
[01:50:24]  You guys were too mean to Joe.
[01:50:25]  Joe Biden had a speech impediment that he wasn't really stupid.
[01:50:28]  He just has a speech impediment.
[01:50:30]  Remember that line?
[01:50:32]  I literally forgot Joe Biden.
[01:50:34]  Remember when they said that Joe Biden actually just, there was like a fucking like huge article on Joe Biden getting over his stutter in like the Atlantic.
[01:50:43]  Let's see who wrote that.
[01:50:45]  During the fucking primary, remember?
[01:50:47]  Who wrote that?
[01:50:48]  Joe Biden stutter article Atlantic.
[01:50:53]  What Joe Biden can't bring himself to say by John Hendrickson.
[01:50:57]  Let's see what else this fucking asshole.
[01:50:59]  His last article was the end of the DEI era.
[01:51:04]  My brother, Joe Biden has a brain full of oatmeal, and it doesn't have any nuts in it.
[01:51:10]  It doesn't have any bananas in it.
[01:51:11]  It doesn't have any little milks in it either.
[01:51:13]  It was a brain full of oatmeal.
[01:51:15]  No, he just can't talk pretty someday.
[01:51:18]  You fucking stupid.
[01:51:19]  They tried to trick you for four fucking years.
[01:51:21]  And now we have David Sack, Jason Kalakanakis, who's, by the way, Jason, they have so much technology to fix what is ugly about you specifically.
[01:51:31]  Jason Kalakanakis, if you're listening to this, you are one of the most hideous doughy freaks I've ever seen.
[01:51:37]  I say this as somebody who's not ugly, but guess what?
[01:51:41]  Who is not, I mean, excuse me, not a handsome man, but in the 35 years of my life, every woman that I've ever met has been like, you know what?
[01:51:48]  I'd hit it just to see what it looks like because you've described it in a very inventive way.
[01:51:52]  You are so ugly that no matter what words you use to describe your no doubt malformed little fucking freaky thing you got going on down there, no woman will ever sleep.
[01:52:03]  The only reason you've ever fucked is because you have money.
[01:52:06]  That is the sole reason you have ever fucked.
[01:52:08]  Your hair is disgusting.
[01:52:10]  It begins at the fucking equator of your head.
[01:52:13]  Exact, exact, the equator of the earth goes around the earth, goes around the whole earth.
[01:52:18]  And inside the earth, first of all, it's hollow.
[01:52:20]  There's a lot of crazy shit in there.
[01:52:22]  The Nazis were wrong.
[01:52:23]  You slap around like that.
[01:52:24]  You are disgusting.
[01:52:26]  You are fucking disgusting.
[01:52:28]  And Chamith, don't let me start on fucking Chamith fucking Ramaswamy where the fuck is last day.
[01:52:33]  That was racist to me.
[01:52:34]  I apologize for that.
[01:52:36]  That was pretty racist.
[01:52:37]  But Chamith, you can post all the workout pics you want.
[01:52:41]  It doesn't matter.
[01:52:44]  The more you post in them, the harder I'm going to make you work in the fucking mine.
[01:52:47]  Because we were going to physically mine Bitcoin with you and your doughy fucking friends.
[01:52:51]  David Sachs, you're disgusting to me.
[01:52:53]  And who's the fourth guy on the podcast?
[01:52:55]  That guy is forgettable.
[01:52:57]  And frankly, if I was that forgettable, I would just kill myself.
[01:53:00]  I'm not saying you should do that.
[01:53:01]  I'm saying I would do that.
[01:53:06]  Everything is going to get even crazier.
[01:53:08]  Should we just become a liberal podcast now?
[01:53:11]  I thought we were.
[01:53:11]  Okay, no, but like our podcast is liberal now.
[01:53:14]  Yeah, we're a resistance.
[01:53:15]  We're fucked.
[01:53:16]  We will resist you to the end.
[01:53:18]  I have bought the coins, though.
[01:53:19]  We're resist.
[01:53:20]  No, we resist from the inside.
[01:53:21]  We resist from the inside.
[01:53:23]  I have bought the coins.
[01:53:24]  Right.
[01:53:25]  So is it.
[01:53:27]  Just full disclosure, because I'm not a journalist, but I am a.
[01:53:30]  But you're a holder of Trump.
[01:53:32]  I'm a financial advisor.
[01:53:34]  And as a financial advisor, I have, of course, advisors myself.
[01:53:38]  And Liz is saying all in on Trump coin.
[01:53:40]  Oh, okay.
[01:53:40]  Liz has told me to tell you that you should just take all your money and put it into Trump coin right now.
[01:53:45]  This shit sucks.
[01:53:48]  And you know what?
[01:53:48]  I'm a Republican, registered, and I would, I voted for Trump.
[01:53:54]  This is what we do.
[01:53:56]  Don't fucking vote for Trump.
[01:53:57]  I'm a regular file by like the New York Times.
[01:53:59]  It's like, I'm a registered Republican, but now I need to head the resistance.
[01:54:03]  I need to head the resistance.
[01:54:04]  Well, what's who's that?
[01:54:05]  Who are the pedophile guys?
[01:54:06]  I didn't have a problem with Trump 1, but Trump 2 administration is too freaking.
[01:54:12]  Because I don't like tech people.
[01:54:13]  Wait, no, the pedophile fucking dude, Lincoln Project.
[01:54:17]  Do you remember that guy?
[01:54:19]  You look so good at doing it.
[01:54:21]  Am I into it?
[01:54:21]  I hear Lincoln Project, and in my head, I think of Lincoln Chafee.
[01:54:26]  Oh, R.I.P. He died.
[01:54:29]  He was the fourth guy on the last thing.
[01:54:32]  Check this out.
[01:54:33]  The last thing on Lincoln Project's rapid response page.
[01:54:38]  Rapid response.
[01:54:39]  You guys are in your 60s.
[01:54:40]  Well, it's rapid for them.
[01:54:43]  It was from December 18th.
[01:54:44]  It's called Fangirl, and it is about Bashar al-Assad.
[01:54:49]  Keep Assad's name out of your mouth, Lincoln.
[01:54:52]  You would be, first of all, okay.
[01:54:56]  Well, listen, at least Assad has a backup job as an eye doctor.
[01:55:00]  You guys have backup jobs as fucking pedophiles.
[01:55:03]  So allegedly, at least one of you.
[01:55:06]  Not even allegedly.
[01:55:07]  I think he pretty much admitted to it.
[01:55:09]  Fuck you.
[01:55:11]  Fuck everybody.
[01:55:13]  Fuck you.
[01:55:15]  Well, here we go.
[01:55:17]  The Trump regime.
[01:55:18]  The Trump regime is on us.
[01:55:20]  We're fucking liberals.
[01:55:21]  We're fucking liberals.
[01:55:23]  We fucking love liberalism.
[01:55:24]  Well, who's the biggest?
[01:55:25]  Noah.
[01:55:25]  Who's that crazy, ugly?
[01:55:27]  No, that guy is.
[01:55:28]  Bring me the pod, John.
[01:55:30]  No, the ugly guy.
[01:55:31]  You know what I'm talking about?
[01:55:32]  He's the guy on, he's on Twitter or whatever.
[01:55:34]  He's like, I'm an economist.
[01:55:36]  You know what I'm talking about?
[01:55:36]  Oh, Noah Smith.
[01:55:37]  Noah Smith.
[01:55:38]  I hate that much.
[01:55:39]  That has to be one of the most physically repulsive human beings I've ever seen.
[01:55:43]  But it's also, you know what?
[01:55:45]  We don't need to even comment on his looks, which I don't know what they are, but let's talk about his brains because they are Biden-esque.
[01:55:53]  Less than Biden.
[01:55:54]  No, Liz, you will not believe this.
[01:55:56]  I'm calling, I'm doing my own Jamie right now.
[01:56:01]  He's.
[01:56:02]  Bam!
[01:56:04]  Yeah, that's bad.
[01:56:06]  He's talking about how he would serve in a war at the head of the world.
[01:56:09]  I know he would.
[01:56:12]  I always saw myself behind the lines doing some kind of like you'd be a baka bazi.
[01:56:20]  Jesus Christ.
[01:56:22]  My bad.
[01:56:23]  Oh my God.
[01:56:23]  He's even worse than this.
[01:56:24]  Look at this.
[01:56:25]  He's skinny bank been freed.
[01:56:28]  Horrible.
[01:56:29]  Horrible.
[01:56:30]  But I say this, and I understand because I have a ton of moles on my body.
[01:56:34]  So I'm really ugly.
[01:56:36]  Because like the Austin Powers guy.
[01:56:38]  Well, we can put that on the list of things to deal with.
[01:56:40]  So I can say this because this lived experience.
[01:56:42]  Oh my God, this picture you sent me of Jason Calagonages is so crazy.
[01:56:46]  This is insane.
[01:56:47]  So my new thing is I'm just going to send you pictures of him whenever.
[01:56:51]  Oh, look how tiny his phone.
[01:56:52]  No, maybe his hands are just big.
[01:56:54]  Yeah, we're still figuring it out.
[01:56:55]  Okay, let's wrap this up.
[01:56:56]  Hi, everyone.
[01:56:57]  Hi.
[01:56:58]  Welcome.
[01:56:59]  Welcome to Truanon.
[01:57:00]  This is the start of the episode.
[01:57:01]  Truinon, the liberal show.
[01:57:04]  We are the resistance.
[01:57:06]  We are resisting Trump 2.
[01:57:09]  Hunger Games.
[01:57:10]  And, you know, we'll be here next week.
[01:57:13]  My name is Liz.
[01:57:16]  My name is Brace.
[01:57:17]  He, him.
[01:57:18]  We've got him.
[01:57:20]  We've got.
[01:57:22]  Producer Young Chomsky.
[01:57:23]  Oh my God, the gender donkey.
[01:57:24]  They put the gender donkey down.
[01:57:26]  That was one of the first executive orders is Trump killed the gender donkey.
[01:57:33]  And what's the podcast called?
[01:57:35]  It's called Truinon.
[01:57:36]  We'll see you next time.