Sept. 27, 2021 - Timcast IRL - Tim Pool
02:03:47
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| Speaker | Time | Text |
|---|---|---|
| So we already heard that up in the Northeast, National Guard would be deployed to drive | ||
| school buses due to the driver shortage. | ||
| We're hearing just across the pond over in the UK, they're preparing to deploy their army because there's no more truck drivers to deliver petrol. | ||
| And now there's huge lines outside of stores, panic buying. | ||
| And now we heard the governor of New York say the vaccine mandate is going into effect tonight, which means many nurses will be terminated. | ||
| When asked what will you do to alleviate the shortage, she said that she's going to enact an executive order giving her the authority To do a variety of things, one of which would be to deploy medically trained National Guards to fill many of these roles. | ||
| Now, of course, there are a lot of people who are cheering for this and blaming the unvaccinated, but this is the government continually putting National Guardsmen into private sector roles because I can only say it seems like we're in a downward spiral. | ||
| Things are kind of falling apart. | ||
| Not to mention we got the whole Gas shortages here in this country, driver shortages, labor shortages, food shortages. | ||
| You can't even go to some restaurants because they don't even have chicken in some places. | ||
| Now they've switched from like... Well, I can't remember what commercial it was. | ||
| They were like, we don't have wings anymore. | ||
| We have thighs because there's a wing shortage. | ||
| I don't know how that's going because it seems like it's kind of gotten a little bit better in some areas. | ||
| But still seems to be getting overall worse. | ||
| And now we got this $3.5 trillion budget. | ||
| The Republicans are saying we're not going to sign off on it, but maybe just a stalling tactic. | ||
| So we have to figure out what all this means. | ||
| We got an expert to help us understand what all this means. | ||
| My understanding is that you're a doctor, Robert Murphy, you have a PhD in economics. | ||
| That's exactly right, yeah. | ||
| Although the joke is I'm not the doctor that helps people. | ||
| It's one of those. | ||
| It's a PhD. | ||
| Ah, yes. | ||
| Do you want a quick introduction? | ||
| Sure, sure. | ||
| Thanks for having me. | ||
| I'm Robert Murphy, senior fellow with the Mises Institute, author of the book Choice, put out by the Independent Institute, and most recently of, I call it Common Sense, the case for an independent Texas. | ||
|
unidentified
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Oh, okay. | |
| Interesting. | ||
| So I think you'll have some really good insights on government authority and overreach, as well as economics, which will be perfect for what's happening in the news today. | ||
| So thanks for hanging out. | ||
| Thanks for having me. | ||
| We got Ian. | ||
| Oh, hello, everyone. | ||
| Ian Crosland here. | ||
| Happy to be here. | ||
| Good to see you, Bob. | ||
| Jim. | ||
| Lydia. | ||
| Hello. | ||
| Hello. | ||
| Speaking of Lydia, I'm also here in the corner. | ||
| And I was telling Bob earlier that between being a libertarian and being an economist, he has something to say about everything that's happening today. | ||
| So I'm very excited for this conversation. | ||
| Yeah, there's a lot going on. | ||
| Creepy stuff. | ||
| Joe Biden's saying 98% gotta get vaccinated before we can finally, you know, wind things down. | ||
| It's like, oh, okay, before it was 70, then it was 80. | ||
| But we'll get in all that stuff. | ||
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| But don't forget, go to timcast.com, become a member. | ||
| We're going to have a members-only segment coming up after the show. | ||
| It usually goes up around 11 or so p.m. | ||
| And as a member, you're supporting all of the journalism we're doing, the people who work for the company, and our massive expansion plans, which I don't know if we're ready to announce the crazy thing we're doing next, but well, I guess we can say something we got we're getting a big piece of land and I think we talked about this with Luke and it's like somehow public but we talked about buying a big big piece of land and then building up this area for like | ||
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| Let's talk about the first story. | ||
| We have this from Military.com. | ||
| New York Governor May Deploy National Guard To Assist With Healthcare Vaccine Mandate. | ||
| Now, I gotta say, first and foremost, this is a repost, essentially, from the Associated Press. | ||
| The AP writes it, and then it gets picked up by a bunch of different outlets. | ||
| But I noticed that they're, you know, based on what Kathy Hochul said, governor of New York, versus what they're writing in news stories, I think they're kind of playing this soft. | ||
| She may deploy the National Guard to assist with healthcare vaccine mandate. | ||
| It's not her first plan, and it's only in the event she has to fire all these people over the vaccine mandate, which sounds like their intent is to do it. | ||
| We heard something similar in the UK when they said, we may deploy the army to drive trucks. | ||
| The UK, one of the officials said, we have no plans to do this. | ||
| But we're preparing to do it. | ||
| You see, it's word games. | ||
| When she comes out and says that she's going to enact a state of emergency granting her the power to deploy medically trained National Guard because they're going to be firing nurses, I mean, that's straight up stating their intent to do so. | ||
| I don't think it's fair to then be like, they might not do it anyway. | ||
| Well, a lot of people might not do anything. | ||
| You know, Michael Bloomberg comes out and says, I'm gonna tax soda. | ||
| He might do it. | ||
| Well, he literally said he was gonna do it. | ||
| So let's talk about what their intent is and the line they're drawing, as well as how far they're pushing us towards authoritarianism. | ||
| So what I see as truly interesting about this and what's happening, and I think it's in Massachusetts, I'm not sure, maybe it was Rhode Island, where they're getting rid of the, where they're not getting rid of, they're sending in the National Guard to drive buses for school, for school children. | ||
| Because of the problems caused by the politicians destroying the private sector, like this is the perfect example. | ||
| We're going to mandate a medical procedure with no exceptions, no testing exemptions, just straight up do it without legislative approval. | ||
| Then when the market collapses, they're going to send in government agents to replace them. | ||
| Sounds a bit like... You know, I don't want to say fascism, because that implies kind of an ultra-traditionalist. | ||
| This is kind of like Chinese state communism style. | ||
| You're an economist, Robert. | ||
| What are your thoughts on this stuff? | ||
| Yeah, what I was going to say is exactly what you anticipated, that yes, standard operating procedure, the government lays down some legislation, or at this stage you're saying it wasn't even legislation necessarily, just makes some rules. | ||
| Edict. | ||
| Edict, yes. | ||
| Causes problems, and then says, oh well gee, now that there's this problem, the free market can't solve it, so I guess we've got to come in as the savior. | ||
| I don't like this idea that, oh, whenever something isn't getting done, just send in the military because they know how to do everything, apparently. | ||
| And as we know, if you want to get something done well and efficiently and with courtesy, you send in troops. | ||
| Like, who else would you want to be, you know, driving your school kids around except the National Guard? | ||
| This reminds me of a Ryan Long sketch where it was Antifa window repair. | ||
| So it's like they dress up like Antifa and go around in the ride, smash windows, and the next day show up and say, hey, we can fix your windows. | ||
| That's basically what we're seeing. | ||
| They're like, unfortunately, all these nurses have chosen to do the have not chosen to do the right thing. | ||
|
unidentified
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Oh, no. | |
| Now the government has to come in to clean up the mess. | ||
| So we're seeing it with a lot of things. | ||
| I mean, in terms of the authoritarian takeover, like, I don't know if you've been seeing what's going on in Australia. | ||
| Have you been? | ||
| Yeah. | ||
| Do you see this video that's going viral? | ||
| I don't know if you saw it, Ian or Lydia, where it's like a guy sitting in a fountain smoking a cigarette and the cops come up and just throw him to the ground. | ||
| And, you know, there's like seven cops. | ||
| And they're like, you know, this woman's yelling, what are you doing, Lee Malone? | ||
| And he has no reason to be here. | ||
| It's like he went out for a walk and wasn't wearing a mask. | ||
| He was smoking a cigarette. | ||
| And the cops are like, we don't care. | ||
| So that's that's kind of the direction we're heading in. | ||
| But it's so it's it's it's interesting that we're seeing a combination of maybe it's not interesting. | ||
| The government takeover is hitting both, you know, the economy and law enforcement, I guess. | ||
| So we're getting edict and we're getting our we're having our economy shut down. | ||
| So, yeah, my concern beyond, you know, the specifics of this and the injustice to the people involved is just the broader point. | ||
| To me, I think what they're trying to do is get the public more familiar with just seeing guys with big guns walking around, you know, taking charge of the situation, like moving it towards what would be called a police state. | ||
| So something that, you know, decades ago, Americans would have thought, that'll never happen here. | ||
| In other words, they're not just going to say, oh, we're doing this because its big brother here is watching you. | ||
| They can't literally go from that from a Tuesday to a Wednesday, but they do this. | ||
| So, you know, oh, National Guard. | ||
| Well, no, they're just driving school buses because, you know, those people won't get vaccinated. | ||
| So, of course, they got to do that and just get us used to seeing guys in, you know, camo walking around. | ||
| Yeah, isn't it amazing how kind of desensitized everyone's become to like a lot of the stuff? | ||
| I remember I was in New York, and I was walking past Grand Central Station, and the cops that are there, they're like fully decked out in full armor, they look like stormtroopers, and they've got, you know, probably selective fire rifles of some sort. | ||
| And I was just like, man, that's a crazy sight. | ||
| And they have dogs, and they're like standing next to the entrances, and I'm like, do we really need that? | ||
| I guess? | ||
| I mean... | ||
| Yeah, I would. | ||
| Yeah, I was. | ||
| So I went to grad school at NYU. | ||
| So in 9-11, you know, I was I was there. | ||
| I mean, I wasn't little. | ||
| I was across New Jersey. | ||
| But yeah, for I think months after, I forget exactly when they phase it out. | ||
| But yeah, there were, you know, armored personnel carriers just on the streets, guys walking around with big guns. | ||
| And you're sort of used to it. | ||
| You know, and I and I realize like, oh, this is what America would look like, you know, down the road if if Americans let it go that way. | ||
| And it looks like they're they are letting it go that way. | ||
| Yeah. | ||
| And then, you know, I've been hearing from a lot of people, a lot of military officers resigning. | ||
| A lot of police officers are resigning. | ||
| That's another big story. | ||
| A couple dozen, I guess, dozens, they say, of police in Massachusetts are resigning over the vaccine mandates. | ||
| So, I mean, Can I just ask you, too, and I think you alluded to it a minute ago, the thing about this that I haven't seen more people bringing up is just on its surface. | ||
| I understand that, yeah, especially in health care, you know, people with certain conditions, they, you know, they might be genuinely concerned. | ||
| I don't want, you know, a nurse dealing with me who hasn't been vaccinated. | ||
| But wouldn't it also be good just to show, no, I had this, like, that I have antibodies. | ||
| Like, to me, that would be a more important test to say, yeah, I had COVID three months ago. | ||
| I beat it. | ||
| And yet, I don't even see that being discussed, let alone addressed and dealt with. | ||
| When they say, we don't care about negative tests, when they say they don't care about antibodies, they're saying this has nothing to do with the infection, it has everything to do with control. | ||
| Right. | ||
| I mean, they can come out and say all day and night that this is about public health, and I'm like, then wouldn't you actually follow the science? | ||
| But they don't do that. | ||
| The science, in many instances there has been a lot of science that Should and could and should be questioned, yet what do you get? | ||
| Censorship? | ||
| So, all right, shout out to Ryan Long again, because he has a sketch where, he just put out today, I think, called, like, Trust the Experts or whatever, where he comes out and he's like, all the experts agree, and then, you know, his buddy walks up, I think Danny's his name, and he's like, I'm an expert, and I read the data and came to a slightly different conclusion, then Ryan Long starts punching him, and he's like, shut up, and kicking him, he's like, the experts agree. | ||
| That's basically what we're seeing. | ||
| What I was going to say about the police resigning over vaccine mandates. | ||
| You mentioned, you know, people getting used to seeing, you know, cops out in the street and things like this. | ||
| It really is amazing to me how far we've gone where I can talk to my friends who aren't very political and I'll say like, if I would have told you three years ago they'd bar people from leaving their homes, that they'd be mandating you get a medical procedure, albeit a small one. | ||
| I'm not saying they're going to cut out your appendix or anything. | ||
| otherwise you can't work and that's you know we see widespread riots and they would | ||
| be caught nobody would believe it | ||
| nobody believe it if i told you | ||
| that the government would deploy you know tens of thousands national guards | ||
| surrounding the capital offenses they'd be like i'll get her | ||
| if i said every people start no one would believe any of it it's all been so chaotic people are desensitized | ||
| and now at the point where the good cops who are like you can't make us do this and | ||
| this is not constitutional are all resigning | ||
| But there are cops who are staying, and those cops are not going to be the good cops who are like, ah, I'm not gonna, you know, enforce that when that crosses the line. | ||
| What we're gonna be left with is a military of a bunch of people saying like, I don't know, just follow orders. | ||
| And a bunch of police saying, I don't know, just follow orders. | ||
| And then what do we get? | ||
| Yeah, I think that's what concerns me too, you know, about like the advertising, like the, you know, the woke advertising for the CIA and all that, and that they're making it the case that after they get rid of, you know, the questionables and the people with these domestic ties and so forth, that they're going to replace them with the right kind of people who are then going to implement these, because right now, you're right, the sort of top-down commands that they want to issue, there'd be a lot of resistance or hesitancy to, you know, enforce this stuff. | ||
| I think they're looking ahead and saying, no, we got plans in place so that five years from now, the personnel staffing these organizations are not going to be the ones that were here. | ||
| So they will follow those orders. | ||
| One thing that's interesting to me, though, is that often powerful interests, special interests, politicians use economics as a means of controlling the system, right? | ||
| How do you make someone behave the way you want? | ||
| Well, you tax their item. | ||
| Michael Bloomberg was like, we're going to tax large sodas so people are stupid and fat so that way they won't buy them and things like that. | ||
| Tax cigarettes, tax gasoline. | ||
| In this instance, they're going overt authoritarianism. | ||
| Would you agree that they typically use economic power to pressure people? | ||
| Well, I think you're right. | ||
| Even in this instance, though, in other words, instead of Washington just saying every American, you know, except for many people with certain exceptions because of vulnerability, has to get this vaccine. | ||
| No, we're not saying that. | ||
| We're just saying if you want to work at a large organization. | ||
| Yeah. | ||
| You're free to not have an income. | ||
| You're free to go into the woods. | ||
| Right. | ||
| So even I agree with that. | ||
| You are. | ||
| Yeah, and that's also like with the big tech and so like that's part of the way they're doing this as a sort of an end run. | ||
| And there's coercion involved. | ||
| This isn't like a free market outcome. | ||
| But I think you're right that they realize it's easier to get someone to say, well, my boss is making me do it and I need my job. | ||
| I got to support my kids. | ||
| Whereas if we're just a matter of paying a fine and going to jail for 30 days, they might stand up to the man. | ||
| And this is the crazy thing about it. | ||
| It's that we've become accustomed to, acclimated and locked into in a sense, right? | ||
| People are so used to living in climate controlled homes with refrigerators and microwaves, stoves, natural gas, easy access at supermarkets. | ||
| They're like, I can't give that up. | ||
| My kids need this. | ||
| And I'm like, I don't know, 300 years ago, some dude was like foraging through the weeds for food for his family and That being said, people today don't really have the ability to go and forage and farm on their own because land is owned and controlled by everybody. | ||
| So we're at this point now where the planet's basically been labeled, you know, claimed by enough people or interests. | ||
| That if you did leave your job, what can you do? | ||
| I mean, theoretically, you can go to, like, Chiron in Mexico and then start figuring things out. | ||
| You can go to the middle of nowhere. | ||
| But if you have a family, you can't just stake a claim anymore. | ||
| You can't just go to Lanibeco, okay, I'm gonna farm here and survive. | ||
| Nope, they locked you in. | ||
| So what do you do? | ||
| Well, you can start a new career path as an internet video blogger. | ||
| Hopefully you did it two years ago, because now you don't have much time to get it going if you're going to have to resign from your job. | ||
| I don't know if you saw the conversation I had with Jack Murphy. | ||
| What was that? | ||
| That was a week and a half ago or so? | ||
| Something. | ||
| He was talking about how his kid wants to play college sports, varsity sports, and then college sports, and now they're saying, well, you've got to get vaccinated. | ||
| So he's like, it's tyranny. | ||
| He doesn't think the vaccine's going to hurt his kid or anything like that. | ||
| He just thinks the government's trying to force him to do it. | ||
| And it's a difficult position where he doesn't want to tell his kid not to play baseball. | ||
| And my attitude was like, I think you should tell your kid not to play baseball. | ||
| I think if you truly believe in it, you should stand up and say, I'm not, no, if there's, you know, the government isn't my doctor and shouldn't tell me, you know, what I'm supposed to be doing. | ||
| The issue, you know, much bigger than just baseball is, I saw a video of a... It was a medical worker saying, you know, if I have to support my family, I can quit and then we're completely broke, or I can get the vaccine. | ||
| And so they were like, I guess I have no choice. | ||
| And that's where people are at. | ||
| The government is not only... You know, I think this is a sign of how bad it's really, really going to get. | ||
| If they have people so constrained and so scared that they will undergo a medical procedure, then what else can they do? | ||
| Get off the central electric grid, for starters. | ||
| Get off the centralized fiat currency grid, secondly. | ||
| So that means crypto, solar power, grow your own food. | ||
| Get off the centralized food grid. | ||
| Those are three things you can do. | ||
| Homesteading. | ||
| You know, get a place out in the middle of nowhere, grow your own food, get some chickens. | ||
|
unidentified
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Work on the internet. | |
| We're big fans of chickens. | ||
| Have small companies. | ||
| Let's do lots and lots of small companies. | ||
| Yeah, but, like, what do people do? | ||
| You know, like, how much work being done by people is actually contributing to the lives of individuals? | ||
| Like, food production and, you know, things like that fuel most people? | ||
| Like, to be fair, like, we produce a relatively small amount of Goods for people. | ||
| I mean, I guess people can say that thought and planning and this is the kind of stuff that goes into fixing economies and making people live better so it's good, but like, we're not fixing any toilets. | ||
| We're not growing any bread. | ||
| We're not feeding anybody. | ||
| So I have many friends who work in the service industry, whether it's in food or like I used to work in a hospital, and they're saying that they're being required to get the vaccine. | ||
| And when I read the numbers of Americans who live from paycheck to paycheck, it is not surprising to me at all that they're able to require this of people who really don't want it. | ||
| Like, I had a Facebook friend who recently got it and she's like, you win, Joe Biden, because I didn't, I have to do this to keep my career. | ||
| And I was like, that's really sad. | ||
| You shouldn't have to do that. | ||
| But I also know that you have three kids, your husband can't work, and you know that if you don't take this shot, you will have to find an entirely different career. | ||
| This job pays much better than working as a waitress or something. | ||
| So I completely understand. | ||
| It's a hard situation. | ||
| I don't like that we're being put in it, but we're gonna have to figure out how to stand up to it. | ||
| Yes, you guys are right that it's not literally impossible to, you know, avoid this stuff. | ||
| But also, too, just like you're saying, like, that's part of the reason I think that they monopolize the money supply is because they knew, you know, what better way to put the screws to people. | ||
| Right. | ||
| And so, you know, their high income tax and wow, well, let me just, you know, go outside the standard health care system. | ||
| Well, no, you can't because there's the FDA, the CDC. | ||
| You can't just open up your own hospital and say, hey, here, people don't need to be vaxxed. | ||
| You know, that ultimately would be the solution in a genuinely free society that because, you know, people say, oh, well, so should my kids not? | ||
| You know, what if they had the measles or something? | ||
| You know, you're against all. | ||
| And it's not that there's just some, you know, from on high, some right thing to do. | ||
| It's like each each building or each organization could set its own rules. | ||
| Like you were saying, sports, they could decide, you know, do the kids, you know, need to get something or not, whether to participate and. | ||
| You know, they would have certain uniform requirements or whatever. | ||
| A kid couldn't show up to play naked and play football, you know, among other reasons, because that's not sanitary. | ||
|
unidentified
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Right. | |
| And so it's or a kid's bleeding out or something and said, no, no, I want to play. | ||
| It's my decision. | ||
| My dad said I'm fine. | ||
| You know, so there's things to do. | ||
| And the way to ultimately handle it is not us making a case by case, but to have the organization set the rules. | ||
| The problem here is the government has got its just tentacles and everything so much that they can kind of force this outcome. | ||
| So we have the we have the story out of Berlin that I think is a good segue. | ||
| Berliners vote to expropriate large landlords in non-binding referendum. | ||
| Non-binding, okay, I don't know if that really means anything's going to be accomplished, but they do say in the Reuters article that, they say, campaigners hope the city will take control of some 240,000 apartments. | ||
| That is to say they probably won't, but you have people in Berlin Who are voting that these big companies that own, I think it's 550,000 apartment units, lose control of it and the public gains control of it. | ||
| And the way I see it is, it doesn't matter if it's the private sector or the public sector, when power is centralized, you will get tyranny. | ||
| So what we've been seeing in the U.S. | ||
| is like that BlackRock fiasco. | ||
| I don't know if you saw a lot about it. | ||
| These large private investment firms buying up all the houses, offering up insane sums of money. | ||
| Like, there'll be a $200,000 house and a family will be like, we'll pay $200,000. | ||
| And then some firm will come in and say, we'll do $230,000 because we can and we're rich and we know the value is going to go up because we're buying it all. | ||
| You get to that point and you're like, okay, these massive out-of-control private entities need to have some kind of regulation or antitrust. | ||
| On the other hand, what you see instead is that in Berlin, they're like, the government should take all of them, replacing one centralized authority with another. | ||
| So I don't know. | ||
| I thought this was interesting for you, especially being a Mises Institute economist. | ||
| What's your view on dealing with massive out-of-control private organizations that are seizing the commons versus the left solution, which is government? | ||
| Sure. | ||
| So you had a key phrase there, you said out of control. | ||
| So probably if you'd asked me that 20 years ago, I would have said, oh, well, in a free market, it's good that a private corporation, if they buy it, it's not in their interest to buy it if the price is going to crash later, because then they lose money. | ||
| So they only buy it if they think it's going to go up. | ||
| And then that, you know, rationally allocates housing to the highest bidder. | ||
| And that would all be true so long as they respected property rights and there was no, you know, bailouts of them when they get caught with their pants down. | ||
| But as we see in practice, that isn't what happened. | ||
| Like, you know, the housing boom years, you could say of a lot of those companies, those investors, why are they making such crazy, you know, why are banks giving loans to people that they know, you know, they call them liar loans. | ||
| They knew some of those mortgages that they were going to people who lied on the application. | ||
| And when you push it, ultimately, it's largely because, you know, they knew they were going to get bailed out. | ||
| That, oh, Greenspan and then Bernanke, he wouldn't let the whole system go down. | ||
| And so there were things like that in place. | ||
| So I agree with you. | ||
| In the real world, the problem with big companies doing that is because it's not just promoting efficiency, because if they make a mistake, a lot of times taxpayers have to bail them out or the Federal Reserve. | ||
| And so, yeah, right. | ||
| The way to solve that problem is not to then empower the government even more, because they're ultimately the ones that, you know, keep that corrupt system in place. | ||
| Yeah, that's what's funny. | ||
| It's like we were talking about this in the previous segment, that the government comes in and says, we're going to fire all the nurses. | ||
| Oh no, what do we do? | ||
| Oh, well, I guess we'll send in the National Guard. | ||
| It's like, well, you chose to do all of those things. | ||
| So, you destroy the economy, then say, here's my solution. | ||
| It's like, you punch the guy in the face and offer him the first aid kit. | ||
| It's like, no, no, no, that's not acceptable. | ||
| You can't do that. | ||
| And in this capacity, you get these, I can't speak for Germany, but in the U.S., my understanding was that a lot of these large investment firms were getting bank loans and government funding and Fed dollars, were buying up the property, and their attitude was like, we don't care, we'll get bailed out if it screws up, so we're stealing from you no matter what. | ||
| Right, exactly. | ||
| So, yeah, in a genuine free market, I would have no problem in principle with them doing it because the only reason they would buy it is if they think the price is going to go higher and it's in their interest to not be consistently wrong about that. | ||
| And if the price does go higher than they did a service by, you know, reserving that for the person who wanted it more down the road. | ||
| But you're right. | ||
| But what do you what do you do if one company owns 80 percent of the property? | ||
| So the more property they own, the more profit they generate, the more property they buy, until eventually one company owns all the houses in a city or something. | ||
| OK, so again, so long as they're not violating contracts, they're not, you know, stealing from people or what, you know, they're just buying when then they're only respecting, you know, the title that they actually acquired legitimately. | ||
| The only way they could capture such market share is if somehow they're out competing all the all the other speculators and housing developers who are trying to do that. | ||
| So they're like. | ||
| Back in the day, the reason Rockefeller got so big was he genuinely came up with efficiencies and delivered kerosene and petroleum at lower prices. | ||
| And so then later, you know, people could argue they did stuff with their money that they shouldn't have. | ||
| That wasn't a market outcome. | ||
| But originally, that's how he beat his competitors. | ||
| So per se, I don't have a problem with that. | ||
| So if some company Just starts taking over because, you know, they're really good at saying, no, this property is going to go up and they have a better eye for real estate. | ||
| You know, I wouldn't want them to stop doing that. | ||
| But yeah, I mean, certainly at some point you just have a multi-billion dollar fund saying, I don't care if it goes up, I'll buy it anyway because I can, because it doesn't affect our bottom line. | ||
| And the more property you have, the better. | ||
| And in fact, you know, once they control a substantive portion of the market, can't they then manipulate the market? | ||
| Like, would there be a, would there need to be a point at which the government can do something? | ||
| Uh, so I would reject the idea that at some point they don't care. | ||
| Like, I don't think Warren Buffett buys stocks and says, I don't care whether they go up or down because I'm so rich. | ||
| Now you're right. | ||
| He might be able, because he's so big now, to do things. | ||
| Like, the fear of fact that he's, you know, likes a stock, that might make the price go up. | ||
| And so that does kind of change, you know, the analysis. | ||
| It's, it's, it's, it's definitely true. | ||
| They don't care. | ||
| It's not that they don't care about, like, like I'm saying, they're like, oh no, I'm going to lose money, but don't care. | ||
| It's mostly that they're like, look, If I can afford to buy ten houses, yeah, one of them might go down, but whatever. | ||
| You know, like, I'm gonna diversify, I'm gonna buy as much as I can and hope that overall, out of my ten houses, six gain in value, and if the four that go down, hopefully the gains outweigh the losses. | ||
| So then you'll end up with someone saying, you know what? | ||
| This might be a risky buy. | ||
| But I can handle the risk because I've got such massive wealth from all the property I own already. | ||
| I can take the risk. | ||
| A regular person can't do that. | ||
| So then you end up with an organization that can come in and say, $200,000 house for this middle class working, you know, this working family? | ||
| Eh, we'll give you $210,000. | ||
| And then the seller is going to be like, $210,000 is better for me. | ||
| But then what happens when the middle class doesn't own any wealth? | ||
| They can't transfer anything to their kids. | ||
| You end up with like Chinese style state communism. | ||
| So I suppose, you know, to go back, you had asked me, you know, at some point, is it justified for the state to come in? | ||
| And so I guess what I would say is, I mean, we can quibble about, you know, scenarios where, you know, even I might say, yeah, I don't that makes me uncomfortable. | ||
| But to me, you don't make things better by saying let's have, you know, those people in Washington because we can trust them to do the right thing. | ||
| And I know you're not saying that, but, you know, the same people that are doing all the stuff that we're talking about with the National Guard and the, you know, vaccine mandates and whatnot. | ||
| They're not going to come in and all of a sudden be on their best behavior when it comes to regulating the housing sector. | ||
| Like, again, they're the ones who were behind the bailouts in the first place. | ||
| I'm saying, like, you know, is antitrust feasible? | ||
| You know, the problem I see with the Berlin thing is, like, the government just taking the houses is the same problem as the corporations having the houses. | ||
| The only difference is who you're yelling at. | ||
| But what if they said, hey, you know, we're gonna put a limit on how much property you can own, or something like that. | ||
| Or perhaps it's like, you're a special case. | ||
| You are the one company that owns 60% of the properties. | ||
| We think that's too much. | ||
| So we're gonna antitrust you. | ||
| We're gonna break you up. | ||
| Like, what's your thoughts on that? | ||
| So Tom DiLorenzo has done a lot of good stuff on this. | ||
| People want to look him up on antitrust. | ||
| So I don't have the sticks off the top of my head, but I think it's true that in the vast majority of actual antitrust lawsuits are brought by the competitors of like the dominant firm. | ||
| So it's not, you know, some disinterested. | ||
| Civic rights organization, you know guys that are you know, just doing this and they're they're getting money from | ||
| contributors or something around the country It's the competitors who try to bring them down and also | ||
| what there were plenty of cases where companies were viewed as untouchable | ||
| You know behemoths that then just collect like IBM There was a period where they just dominate and no one ever | ||
| touched IBM and then Microsoft came along And then who could possibly touch Microsoft? | ||
| Then Google came. | ||
| No one can touch Google, you know what I'm saying? | ||
| And so, a lot of times, like, the stuff gets hung up in the antitrust lawsuit, and the company loses market share just because of market forces. | ||
| I mean, to be fair, those examples are just escalating tyranny, though. | ||
| You know, IBM was making computers. | ||
| People use computers. | ||
| They're like, that's a great utility. | ||
| Microsoft came along, and then things started to get a little shady with how they were running their business. | ||
| Apple comes along, similar things. | ||
| And now we're at the point where Google is just overtly evil. | ||
| And censoring news, censoring conversations, stopping regular people from being able to have conversations. | ||
| It's to the point where Google got so powerful that no one can even rise up to challenge them. | ||
| Because if you're a politician, or the Mises Institute is a good example, Wikipedia says you guys are, you know, it smears you in ridiculous ways. | ||
| We're at the point where these institutions have become so powerful and untouchable that they can outright just destroy anyone who would speak up against them to stop them from abusing power. | ||
| You know, so my view is, I definitely lean more towards freedom and everything, but I would say I'm rather centrist in the economic scale simply because while I don't think the government owning land is going to improve things for the working class, I think centralization of authority and power, regardless of whether it's government or corporation, is a bad thing. | ||
| And so how do you break that apart and decentralize it, especially when, you know, look, Google is untouchable. | ||
| And as you said, many of these untouchables have waned. | ||
| I mean, Microsoft is still there, and Bill Gates is buying up all the farmland, so he's certainly retained all that power. | ||
| Then you've got Apple, which did a really great job of rebranding Unix and selling it back to people for Well, let's be real, Ian, Unix was open source, right? | ||
| It is open source? | ||
| Yeah. | ||
| So he brands, he takes a Unix, he brands it. | ||
| Makes it private, yeah. | ||
| Makes it private, sells it for a massive profit. | ||
| Convince a bunch of people that Shiny is better, and then I have to deal with people who don't know how to use basic, you know, functions on a PC or run, you know, basic programs because they're using, you know, iPhones and stuff. | ||
| No offense to the iPhone and Apple users, I'm not a fan. | ||
| And now you're at the point where once, like, all of that stuff keeps happening, now you get Google, and Google's got its tentacles in everything to the point where You're a conservative talk show host and they delete your video because you cited the CDC. | ||
| That's Steven Crowder. | ||
| So now if you can't even speak up against them any meaningful way, oh, of course we can say Google's bad like on this show. | ||
| But what if you actually want to challenge their goals and agendas or something that might affect their profits? | ||
| All of a sudden now they're coming after you. | ||
| They're going to censor you. | ||
| Now you can't even do anything to stop it. | ||
| I'm seeing now that Unix might actually be closed source and that Linus Torvald reverse-engineered it and created Linux, which is open source. | ||
| I don't know. | ||
| I thought it was open source. | ||
| Okay, my info on that Apple stuff is probably wrong. | ||
| Yeah, it's kind of vague. | ||
| Apologies, Apple. | ||
| Thanks, guys. | ||
| So yeah, I definitely agree with you that what Google's doing right now is, you know, they're not living up to their motto, right? | ||
| Oh, they got rid of that motto. | ||
| It's Alphabet. | ||
| It's good. | ||
| They own Google, right? | ||
| Right. | ||
| That is like crazy technology. | ||
| Overtly evil. | ||
| Quantum computing. | ||
| They're going to they're going to I mean, we live under the boot of Zuckerberg and and Alphabet, you know, Bill Gates. | ||
| Yeah. | ||
| So I do think that, you know, 30, 40 years from now, it's not just going to be politicians that we're going to think that the humans of that era are going to think are the ones like running the world. | ||
| It will be like a fusion of Yes. | ||
| big, you know, billion, multi billion dollar corporations and | ||
| then powerful states. | ||
| And it'll be more of a hybrid thing. | ||
| And that will be considered like the you know, the center of | ||
| oppression. | ||
| Chinese style. | ||
| Capitalism, communism, sure. They come. | ||
| Whatever term you want to use. | ||
| So that's all I would say, though, is the way to slow the | ||
| movement towards that is not to give, you know, the the | ||
| Department of Justice more power to break up companies. | ||
| You know, so it's a modest point that I'm making. | ||
| I'm more just, you know, saying this is not the path. | ||
| I've been thinking a lot that politics is not what we think it is anymore. | ||
| It's not Democrats, Republicans. | ||
| I mentioned this before the show. | ||
| That's the skin suit of politics. | ||
| Politics now is computer software code. | ||
| It's deciding what we see, That's a great point. | ||
| we interact with. So we need to rewrite the code if we want to control and change the politics. | ||
| It's not going to happen from Washington. It's going to be a decentralized movement. | ||
| And it kind of is. Well, that's that's a great point. I think politics as we see it right now | ||
| is a facade when you can't even go on social media to the public square to the water cooler and say | ||
| here is my political opinion. Then there is no democracy. | ||
| There is no democratic institution. | ||
| It's quite literally. | ||
| We've mentioned this before. | ||
| Imagine it this way. | ||
| We get locked down. | ||
| We're told we can't go to bars. | ||
| We can't go to restaurants. | ||
| So no one's talking to each other. | ||
| How are we communicating? | ||
| On Twitter. | ||
| What is Twitter doing? | ||
| Twitter was censoring news that harmed Joe Biden's campaign. | ||
| So when you have the interests of a private corporation saying, we can control what you see and hear, your politics, your vote, completely meaningless. | ||
| There could be large swaths, and there probably are, of people in this country with a very particular political opinion, and they're gonna be like, oh, I can't bring that up because, you know, if I try I'll get censored, so I'll opt not to say it. | ||
| Out of sight, out of mind. | ||
| There's that saying from Harriet Tubman, I believe it was Harriet Tubman, or I believe it's a real quote, could be apocryphal, I have freed many slaves, I would have freed many more if only they knew they were slaves. | ||
| If people don't know what they don't know, it just never comes up. | ||
| And so when you see Twitter censoring the Hunter Biden story, that overtly benefited the Biden campaign. | ||
| So how can we say that we have any kind of real political system if that's what we're living under? | ||
| And I agree with you. | ||
| Giving the government power is no guarantee. | ||
| They're not going to solve it. | ||
| We could cross our fingers and be like, well, what if we said, okay, you can break up these companies? | ||
| They say, oh, okay. We'll break up all the enemies of Twitter. | ||
| So Twitter becomes the dominant company and you look at what they do to Parler, what they do to Gab. | ||
| The government will just use their power to benefit their collaborators in the private sector. | ||
| Right, exactly. | ||
| And so I don't have a great answer for, OK, well, then what do we do? | ||
| So for sure, though, I just want to be clear. | ||
| I'm not saying, hey, they're a private company to do whatever they want. | ||
| That's not what I'm saying. | ||
| But I am saying that let's be realistic. | ||
| Partly why these corporations do pose a threat is because they're in league with states that have armies and prisons behind them and monopoly printing presses. | ||
| So that's you're not going to like empowering one to keep the others in check. | ||
| That's certainly not a good solution. | ||
| Yeah. | ||
|
unidentified
|
So. | |
| We'll probably have like a Starlink decentralized internet that runs parallel with this corporate internet. | ||
| And then we'll be able to have like decentralized finance. | ||
| The problem is the military, if the government controls the military, it's kind of like we are the government. | ||
| So we give these people authority to make commands for us, but we don't have to do that. | ||
| This stupid, this governor in New York that was like, I have signed paperwork to give myself the power. | ||
| It's like the most ridiculous statement ever. | ||
| Power is granted. | ||
| It is not. | ||
| Going back to what you were saying, Tim, my friend took a picture on the New York City subway. | ||
| I think I'm getting this right. | ||
| And it was a three pane thing. | ||
| You know, it's from like the CDC or something or the New York version of the Board of Health. | ||
| And the first pane showed two people talking without masks on. | ||
| Oh yeah, I saw that. | ||
| And it said bad. | ||
| And then the middle pane showed them talking with masks better. | ||
| And then the best was them texting each other. | ||
| And to me, that had nothing to do with transmission of a virus. | ||
| That had to do with get people talking through the thing that you're right. | ||
| They control the flow of information. | ||
| I have just written a decree granting myself the power to declare Ian must make me a loaf of bread. | ||
| Oh, I thought you were going keto, but I can't defy that order. | ||
| I'm not going to eat the bread. | ||
| Isn't that insane? | ||
| I grant you that power. | ||
| If you can just declare you have the power to do it, don't you have the power to do it the entire time? | ||
| That's how insane this is. | ||
| They're voted into office to represent us and can be voted out at any moment. | ||
| Mic drop. | ||
| The thing is the military. | ||
| The thing is the military and satellite intervention. | ||
| If they can watch you from above and see if you're farming on your land and then come in with military, that's messed up. | ||
| So where does this all lead to? | ||
| I mean, this is probably one of the most pessimistic, you know, conversations we've had in a while. | ||
| It's like, you know, Ian, you make a good point about there's, like, politics is not what we think it is. | ||
| Yeah, that's kind of just distracting us. | ||
| I feel like that's the bread and the circus, where it's like, who's gonna win the election? | ||
|
unidentified
|
Woo! | |
| You can pick of our approved candidates. | ||
| And you get the Republican who says, we'll wait a little bit, and the Democrat who says, burn it all down. | ||
| And then what happens is you vote for the Republicans, and they go, oh, okay, we're gonna resist. | ||
| We'll be sleeping over there you get the Democrat and they're like great time to start knocking stuff over | ||
| So there's no real resistance at all And I think that's why they just absolutely despise Marjorie | ||
| Taylor green and Lauren Boebert not to say that they're you know | ||
| Changing the game either. Maybe they're just louder voices, but still not enough to actually make it make a difference | ||
| here, right? | ||
| And I think that that explains just the hostility to Trump, you know | ||
| Whether people love them or hate them that he was so out of the mainstay | ||
| Like he actually was not playing the game according to the standard rules. | ||
| Normally the Republicans are like, we're so sorry, we're so sexist and racist, but please, you know, give us a chance because we're better on economics than them. | ||
| and Trump was not playing that game and was going around and so that's why it was just code red | ||
| establishment in both parties. You know, National Review had a whole issue against Trump. I think | ||
| some people forget that. Conservative Inc. was not pro-Trump in the beginning. They didn't like | ||
| him either. He was too much of a wild card and whatever. He wasn't playing the game that they | ||
| had wanted to play too. And I'm not singing praises to Trump. | ||
| I'm just saying that you could see how the system is, what it is, and they like that. | ||
| Yep. | ||
| Here's two candidates and it's, you know, shade of gray or a shade of gray this way. | ||
| Choose. | ||
| And now you're free because you got to pick a person every four years. | ||
| And to me, yeah, that's why now I think states breaking away or, you know, cities or what have you is the only near term to midterm way to do anything. | ||
| I don't know, man. | ||
| I think we're getting to the point where they're losing the ability to control the systems the way we think they would. | ||
| New Hampshire, for instance, the Free State Project. | ||
| I mean, these guys are getting more and more people on board with seceding from the union. | ||
| Now, will that happen? | ||
| I think it's highly unlikely. | ||
| But what happens when you have the Free State Project saying, everybody come to New Hampshire, sign a pledge saying, we out. | ||
| What happens when 80% of New Hampshire is like, yo, we out? | ||
| And then what happens if there's like mass noncompliance with the federal government's laws? | ||
| The feds don't have enough people to go in and deal with like, I think New Hampshire only has like 800,000 people in it. | ||
| Not many, yeah. | ||
| Yeah, do you want to check the population? | ||
| But, I mean, how is the federal government going to deal with 800... block the highways or something? | ||
| Like, what do you do? | ||
| And it's not just New Hampshire, it's other... I mean, Texas. | ||
| Texas has constantly pushed those buttons. | ||
| I don't know... I mean, what do you think? | ||
| Do you think Texas would ever get to that point? | ||
| Yeah, I do. | ||
| Actually, I think it would be sooner than a lot of people think. | ||
| And you're right. | ||
| It's to me what they like. | ||
| Just hypothetically speaking, if two thirds of Texans voted in a referendum that we want to break away, it would be difficult as the U.S. | ||
| lectures the world about self-determination. | ||
| You know, what if they just start reading them the Declaration of Independence to them? | ||
| And so what part of this do you not agree with anymore? | ||
| You know, and it would be important to To not have any, you know, no violence suggested, just to say, no, we're breaking away so that if Washington starts ordering the Air Force to bomb them, it's going to be pretty clear cut what happened. | ||
|
unidentified
|
Right, right. | |
| So this is the thing, you know, people often say, oh, the government, the feds would never allow secession because they would send the military in. | ||
| And I'm like, that would make people more supportive of secession. | ||
| They would see the aggressor being the federal government going in and rounding people up. | ||
| They'd see crying babies and screaming women and be like, this is crazy. | ||
| Like, they didn't even do anything. | ||
| And I think more and more people would actually... Actually, it's not too similar from the American Civil War with Fort Sumter. | ||
| When the fighting broke out, I think it was seven other states that were like, whoa, that's crazy, we're out. | ||
| And then word traveled way slower. | ||
| In the era of fourth and fifth generational warfare, you've got to have propaganda on your side, which means often, you know, you want to be the victim. | ||
| Right. | ||
| You want to be the one getting hit, going, oh, they're attacking me, help me, and then people sympathize with you. | ||
| So that's why I'm wondering, like, what would happen if New Hampshire said, we hereby secede? | ||
| It's done. | ||
| And the federal government says, no, you don't. | ||
| They say, don't care, not listening. | ||
| Are they going to send in the feds are collecting taxes or what? Right. So I have done been doing | ||
| research on like nonviolent resistance, you know, think like like the civil rights struggle. | ||
| Just to give an example of people, they had training back in the 60s where like when they | ||
| would do a sit in and they would train the people and say, OK, the mobs are going to come and start | ||
| punching and screaming and spitting at you. Don't swear at them and just sit there and take it. | ||
| And then when you have taken too much, we rotate. | ||
| So the guys on the inside are the circumference now and they take it, you know what I mean? | ||
| And that was, so it wasn't just, Oh, let's love everyone. | ||
| No, it was strategic. | ||
| Cause they knew we're outnumbered, you know, we have to win public opinion. | ||
| And then enough people watching TV or like, you know, seeing firemen, you know, hose down marchers and you know, I don't know if I'm for that. | ||
| So you're right with New Hampshire again so and that's why right now again they're making this propaganda effort to talk about all the how the right-wing threat and all these you know I mean because they want the public to believe when they're kicking in doors yep it's because there's all these right-wing kooks who pose a threat not just people who say you know what I want to break away and not not be affiliated with Washington DC anymore You know, I think saying we want to break away is like saying, I'm anti that, I hate that, I'm voting against that. | ||
| 1.36 million in New Hampshire. | ||
| More than I thought, yeah. | ||
| You know, I think saying we want to break away is like saying I'm anti that, I hate that, | ||
| I'm voting against that. Rather than being against it, you want to say we're fixing this | ||
| American system and then all these people around the country will start doing it together. | ||
| And that is not going to be considered anti... If you say, I'm breaking away, they're going to say, that's anti-American. | ||
| And now people would be brainwashed. | ||
| Fifth generation. | ||
| But if you say we're fixing this together, that's going to that's going to tweak their minds and make them join you. | ||
| When you, you know, you make a good point. | ||
| All of this rhetoric about the far right and everything is getting people ready for when start kicking the doors down. | ||
| They're going to be like, oh, you know. | ||
| But New Hampshire. | ||
| That's going to be a cold splash of water in the face to a lot of people who are like, wait, an entire state is trying to secede? | ||
| Wait a minute. | ||
| And I'll tell you this. | ||
| They're not hearing this when they turn on CNN. | ||
| So right now, I assure you, most people like I'd be willing to bet. | ||
| And I would say this. | ||
| If I was looking at Two options of voting, you know. | ||
| Does the leftist YouTuber sphere, BreadTube, know about New Hampshire secession, or don't they? | ||
| I bet they don't. | ||
| I would say, I will put my chip on they don't know about this, and they're not paying attention to it, and it doesn't matter to them, even though they're supposedly libertarian. | ||
| Now, I think it's fair to say many of them probably do, but I think it's not part of the conversations they're having. | ||
| In which case, even to those people who are supposedly, like, more, you know, politically oriented and regular people, none of them are probably seeing the stories in the news about how—I think it's, like, what, up to five reps? | ||
| I think so, yeah. | ||
| Five or so? | ||
| Five was the last time I heard. | ||
| Four in New Hampshire who are, like, we favor secession. | ||
| That's a tiny amount relative to the hundreds or so that they have. | ||
| It's growing. | ||
| But that's a conversation you think, like, if you, you would think that the state of Jefferson, that several counties in Oregon voted to secede from the state to join Idaho and then Northern California, that there's a county in Northern Colorado that wants to join Wyoming. | ||
| Yeah, well, Danny. | ||
| Right, and that, you know, even California's talked about secession, Texas has talked about | ||
| secession, New Hampshire has filed the paperwork, Texas filed the paperwork before, and there | ||
| was a poll, I think it was YouGov data we mention often, 37.2% of Americans favor their | ||
| region breaking off from the U.S. to form a new regional government. | ||
| I'm willing to bet most people don't know about that, and even political leftists don't | ||
| know about that. | ||
| If one of these states did make an actual formal declaration, it would be like them waking up one day with the moon being upside down or something weird. | ||
| How are we at this point? | ||
| If the government came and said, it's far-right extremists, they'd be like, all 1 million? | ||
| 1.3 million? | ||
| It passed by 60%. | ||
| So you're saying like 700,000 people, 800,000 people are all far-right extremists? | ||
| Or is that a whole state saying, yo, we out? | ||
| Right. | ||
| And to Ian's point, I think you're right. | ||
| So with my, you know, when I talk about this, like I, so we're using the term secession just because it's very precise and we all know, you know, I'm sure your audience is very informed, but I would call it like the Texas Independence Movement. | ||
| You know, it's the same thing. | ||
| Just like technically the 4th of July, they seceded from Great Britain, but we consider it Independence Day. | ||
| I just thought a good way to do it would be if you set up a smart contract so that your government secedes until your demands are met. | ||
| The demands could be whatever you want. | ||
| So like, repeal the Federal Reserve. | ||
| If the U.S. | ||
| government does that, we'll come back into the country. | ||
| And then you could have a bunch of different communities secede at once with smart contracts set up, ready to reunify. | ||
| You wouldn't need smart contracts. | ||
| The problem is confidence. | ||
| If people, uh, you guys have seen Vendetta, I assume, yeah? | ||
| You know that scene at the end where, you know, the, um, what's the name of the inspector? | ||
| I'm not gonna call him that. | ||
| Daskulm or whatever, I don't remember. | ||
| I don't remember. | ||
| He's like, eventually someone will do something stupid, and then it shows the, uh, the finger man, they call him, and he shoots a little girl, and then all of a sudden everyone starts walking up to him, they have pipes, and he's like, ah, holding his badge, but they don't care. | ||
| Because that is the point where people no longer have confidence in the system. | ||
| In the beginning of the movie, when Natalie Portman's character says, Oh God, you're fingerman! | ||
| That's her saying she believes in the power of the state and she fears it. | ||
| The end of the movie is when people say, We don't believe in your power or care about it. | ||
| So in terms of, you know, breaking away, seceding, peaceful divorce, whatever. | ||
| If people just don't believe in the power of an institution, it doesn't exist. | ||
| The reason I bring up smart contracts with, like, your states to say New Hampshire secedes, they have a smart contract ready to bring them back into the union when their demands are met. | ||
| It's because if some power-hungry monarch came into power in New Hampshire during that process and decided, yeah, you'd repeal the Federal Reserve, but I'm not coming back now, you'd have some strongman. | ||
| So you want to automate it out of trustless, basically. | ||
| You can't automate the process by which the public would come to trust the government again. | ||
| Yeah, it shouldn't be about trust. | ||
| Well, it doesn't matter. | ||
| Listen, the point is, if you have, you know, let's say you've got 1.3 million people in New Hampshire, and they do a referendum on secession, and 60% say, OK, we're going to vote. | ||
| So you're looking at, you know, I guess, what would that be, around 600? | ||
| Oh, 60%? | ||
| So maybe 600, 700,000 people. | ||
| are six to sixty percent so maybe six six six hundred seven hundred thousand | ||
| people seven hundred or so thousand | ||
| those people have stated with that vote we have no confidence in in the system | ||
| You can't then just have a system that automatically turns around one day and says, oh, all of you guys who voted against this, you are now back in the system. | ||
| They'd say, no, we're not, we don't believe in it. | ||
| For me, it's not that I hate the United States and that system, but there are aspects of it I want changed. | ||
| So as like a, as like a, I don't know what you would say, like I'm, I'm boycotting this stupid government until you fix these things. | ||
| I don't want to be gone from the US forever, but I'd be happy to like, you know, put pressure them to fix the system. | ||
| So when you're dealing with several hundred thousand individuals, you can't just one day snap your fingers and have all of them agree. | ||
| If 700,000 people agree, we want out. | ||
| No matter what happens, there's no point at which you can just turn around and say, okay, now you all hereby agree to like the state and believe in its power. | ||
| They're gonna be like, no, we still don't believe in its power. | ||
| I think, I guess part of why I'm pushing this is because I think if they, if they want it out, if you really wanted to get out of the United States, that's not going to happen. | ||
| The U.S. | ||
| federal government would demolish any kind of resistance. | ||
| What would they do? | ||
| They would send in the federal, they'd block off I-95, and then they would. | ||
| Bro, I think you need to understand what the free state is. | ||
| They have satellites, dude? | ||
| Yeah, I get it. | ||
| They have jet planes? | ||
| Like, what are you? | ||
| The people who are going up to New Hampshire are not mom and pop, like, soccer mom, you know, local mid-managers. | ||
| These are people who want to live in the middle of nowhere and hunt for their food. | ||
| These are free-staters who are staunch libertarians and ANCAPs who are going up there being like, good, take it all away, get away from me, I'm gonna grow my own food and get water from the ground. | ||
| So if the feds came in and said, we're cutting off the supply of TVs, they'd be like, we don't care. | ||
| They'd find other means. | ||
| If they blocked off imports? | ||
| Yeah. | ||
| So I'm enjoying this discussion. | ||
| So to your point, that's why in my writing about this stuff, I focused on Texas first, because they've got the two oceans and they've got the border with Mexico. | ||
| It would be harder, and it's huge too, it would be harder to seal them up. | ||
| Whereas Florida also, there's many respects in which you might think, yeah, they should go to, you know, President DeSantis or whatever. | ||
| It would be easier to just do a naval blockade. | ||
| So I agree with you, it would be tricky. | ||
| But again, if they did it peacefully, and their only crime was to say, we're breaking away, we're not sending money to Washington anymore, and they send in tanks and starve them into submission, that might be a PR disaster. | ||
| And there would be so much guerrilla media showing You know what I mean? | ||
| Like, right now, American troops doing atrocities overseas, if they were doing it in New Hampshire, that might not play with a lot of people. | ||
| I mean, you'd probably get sanctions on the US. | ||
| All of a sudden, massive G7 trade partners would be like, we will not be trading with you until you stop doing what you're doing. | ||
| Now, you're right. | ||
| They could get away with it if they found all these right wing depots of munitions. | ||
| And you know what I mean? | ||
| Like if the government could plausibly claim either because of the false flag or because there really were people who decided, you know, I'm sick of this. | ||
| They've got MSNBC. | ||
| It would be a total PR nightmare for the New Hampshire people. | ||
| It would be terrible. | ||
| So it would be it would be, you know, a Control of the narrative. | ||
| You know the funniest thing about a New Hampshire secession is? | ||
| It would basically sever Maine from the contiguous United States. | ||
| them because then it would be like who are they going to appeal to? | ||
| Canada? | ||
| I don't think so. | ||
| China probably. | ||
| You know the funniest thing about a New Hampshire secession is it would basically sever Maine | ||
| from the contiguous United States. | ||
| Yeah, it can't happen. | ||
| They wouldn't let that happen. | ||
| Right, right. | ||
| Of course. | ||
| But I'm curious as to what their tactic would be. | ||
| Probably, I'd imagine, at this point, it would be to flood the zone with money and resources to drown out any conversation about a free state. | ||
| But I gotta tell you, a grassroots movement is something powerful. | ||
| If more and more people keep flooding up to New Hampshire for the Free State Project, no amount of money is gonna shut that down. | ||
| Right. | ||
| And at the very least, that's where I think it's worthwhile. | ||
| Like, you know, shows like this, people talking about it just to because I'm curious to hear, like the people who, you know, work for Vox or The New York Times, just get them on record to say hypothetically, if two thirds of Texans voted to break away, would you let them go or would you think they should send an airstrikes and tank? | ||
| You know, I mean, just to have them on record, because how could they say or maybe they would say, yeah, we wouldn't let them do that. | ||
| We talk about we're at a point. | ||
| I'd be willing to bet, if we went and polled Democrats, should Republican states be allowed to secede? | ||
| They'd say yes. | ||
| I think you will see a large portion say, yes, let them go. | ||
| Now, a year or so ago, there was data from the New York Times on this, and I think it was something like 30% said, yes, they can go. | ||
| Like 60-some-odd percent said, overwhelmingly, no, they can't leave the union. | ||
| I think that's changed, you know, a year on now, especially as things are going. | ||
| I'll tell you this. | ||
| Come 2022, if Republicans end up taking large portions of the House and they end up gaining control back, then you're going to see the sentiment flip. | ||
| And leftists are going to be like, get them out! | ||
| Right. | ||
| We already saw that Podesta thing, from the Boston Globe, that John Podesta said the West Coast should secede from the Union if Donald Trump wins. | ||
| What happens when Trump wins again? | ||
| Joe Rogan, in the news, simply for stating his opinion, I love how this always happens, Joe says he thinks Trump's gonna run, Trump's gonna win. | ||
| If that happens, the left is gonna be like, how about we let you secede instead of letting Trump be president, and then what? | ||
| How does that happen? | ||
| Right, and that's some of the arguments I've been making too, is to say to what's called blue state voters, just for lack of a better term, Suppose it were Texas and they wanted to break away. | ||
| Let them go because all the people in your state, you know, if you're in California or some other blue state, New York, whatever, a lot of people would move to Texas then. | ||
| So you get rid of them, you know, those gun nuts or the people who don't want to get vaccinated, get them away from you and go. | ||
| If Texas did leave the union, Democrats would never lose a presidential election, right? | ||
| For the remaining, you know, US system. | ||
| So it's kind of a win win. | ||
| And that's not like a paradox, like, you know, Army's agree to not use poison gas against each other. | ||
| You know, I mean there are things that and this would avoid a lot of conflict So I to me it's and I'm not just trying to like trick the left or something I'm saying no, it's wouldn't can't we all agree if Texas wants to leave let him go that's better for everybody But look we end up seeing Sarah Silverman I'm more into the peaceful separation, which is why I bring up the smart contract civil disobedience angle, because you can leave and then come back. | ||
| say peaceful divorce? I think so. That means she must be listening to Michael Malice. I'm | ||
| more into the peaceful separation which is why I bring up the smart contract | ||
| civil disobedience angle because you can leave and then come back when you | ||
| divorce it's gone forever. No Ian you're not understanding. | ||
| Like, we're talking about if... Like, why do you believe US dollars are valuable, right? | ||
| Because you can go to the store and... I can buy stuff with it, yeah. | ||
| What if one day the clerk said, I don't want your money, it's not worth anything to me? | ||
| That'd be useless, though. | ||
| Would there be one day where you convinced him, no, the smart contract changed, therefore you have to take it now? | ||
| He'd be like, get out of my store. | ||
| What do you mean? | ||
| What do you mean by that? | ||
| Let's say you have 800,000 people all say one day, we no longer want to accept U.S. | ||
| dollars. | ||
| We think it's valueless. | ||
| And then you're like, but we'll do a smart contract that says as soon as the Fed's gone, we'll all take this back. | ||
| And then one day the system comes back and the smart contract flips, and now everyone is mandated to accept dollars again. | ||
| And you walk into the gas station. | ||
| Do you think that clerk will just change his mind? | ||
| Or do you think he's going to be like, I said I don't take that money anymore. | ||
| Get out. | ||
| I see what you mean that people are going to do what they're used to doing regardless of what the law says. | ||
| system, if the confidence breaks, there's no reversing it. | ||
| I mean maybe over a few decades and a few generations you can rebuild that network, | ||
| but it doesn't work that way. | ||
| I see what you mean that people are going to do what they're used to doing regardless | ||
| of what the law says. | ||
| But if you could digitally, because things are going digital now, if you could just digitally | ||
| kind of just change the money, like so you're using US dollars now, tomorrow you're using | ||
| Texas dollars. | ||
| And then when they finally repeal the Federal Reserve, you're using US dollars again. | ||
| I mean, I think that sounds like a pipe dream. | ||
| I think seceding peacefully is a pipe dream because there's no way the most powerful military that's ever existed would let a piece of their economy just walk away. | ||
| I agree. | ||
| Like in Oregon, these counties want to secede as if Portland's going to let their serfs go. | ||
| Look, let me pull up this story, all right? | ||
| And we'll talk about how bad it is. | ||
| Maybe this story isn't the perfect example. | ||
| We got this from Daily Mail. | ||
| Republicans block bill to avoid the government shutdown. | ||
| Senate votes 48 to 50 to sink funding bill with GOP, leaving it to Democrats to raise the debt ceiling. | ||
| So the U.S. | ||
| is on the verge of default. | ||
| Has this ever happened before? | ||
| The actual default? | ||
| No. | ||
| Yeah. | ||
| The debt ceiling arguments always happen. | ||
| Happens all the time. | ||
| Yeah. | ||
| And the Republicans always and the Democrats always say, like, I'm going to block you so they can try and get leverage, right? | ||
| So this isn't, would you call this situation, like, remarkable in any sense? | ||
| I haven't seen anything that sets this apart qualitatively from previous episodes, if that's what you're asking. | ||
| Yeah. | ||
| What would happen if we did default? | ||
| So, I mean, I heard, you know, these was a Chuck Schumer was was I don't know if it was today or yesterday when he was going through this. | ||
| Oh, nine percent unemployment. | ||
| And no, I mean, I think the U.K. | ||
| government in the 70s defaulted technically on some of their bonds. | ||
| So it's not inconceivable that even major governments do this. | ||
| And so, you know, I don't have a crystal ball. | ||
| It would certainly shock people. | ||
| They're not expecting the U.S. | ||
| government to do that. | ||
| But All that would mean is people would be less willing to lend money to the federal government. | ||
| And since the federal government, in my opinion, is doing all sorts of lawless, criminal things with that money, that wouldn't be such a bad thing if people stopped lending it money on such easy terms in the future. | ||
| I have a crystal ball for you, one second. | ||
| Okay. | ||
| A crystal ball. | ||
| Ian, there's two crystal balls. | ||
| I'm only buying it if we write up a smart contract, though. | ||
| I want a protection. | ||
| Ian actually is bringing a crystal ball over for Robert. | ||
| Is this so you can make predictions on the economy? | ||
|
unidentified
|
Perfect. | |
| I also drink a lot of eternal reds. | ||
| I don't think it's actually a crystal ball. | ||
| But I wanted to bring this up because I want to stress, we hear this all the time. | ||
| Like the Republicans are like, we're going to block it. | ||
| And there's a government shut down and everyone rolls their eyes. | ||
| But right now it's kind of the worst possible time for this to be happening. | ||
| There's no unity. | ||
| We're at a point now where healthcare workers are being fired. | ||
| Police are resigning in mass. | ||
| The economy is well, actually, let me ask you this question. | ||
| Is the economy good? | ||
| No, I like to cite this metric where civics data shows that independent voters, Republicans, say the economy is not good. | ||
| Democratic voters say the economy is fairly good. | ||
| And I'm like, what universe do these people live in where they think this is a good economy when you have 10.9 million job openings, people aren't taking them? | ||
| And so I look at this and I'm like, There's no, there's no unity, even now amidst this economic crisis, shortages, fuel shortages, labor shortages, that the politicians are going to are going to keep playing the same stupid games. | ||
| So I'm curious if, you know, you said you don't see this as remarkable at all, but I don't know. | ||
| Is there anything here to indicate that it's getting worse? | ||
| So let me just briefly make my standpoint about Republicans. | ||
| They always annoy me with this thing, because Republicans, you know, since you and I were kids, I think we're close in age, they always talk about, oh, we want to have a balanced budget constitutional amendment. | ||
| All they would have to do is not raise the debt ceiling. | ||
| And then you would have to have a balanced budget, because all that means is the Treasury is not allowed to allow or sorry, is not allowed to let the amount of outstanding public debt get higher than this number. | ||
| I do feel like we're getting to a point where there's probably a lot of conservative voters, populists, who are like, default. | ||
| And that doesn't take a constitutional mess. | ||
| So it just proves they like posturing and being for small government or fiscal responsibility. | ||
| But every time they raise the debt ceiling, they're authorizing more deficit spending. | ||
| I do feel like we're getting to a point where there's probably a lot of conservative voters, | ||
| populists who are like default. | ||
| Do it. | ||
| Right. | ||
| So, yeah, Murray Rothbard's written on this. | ||
| I'm sure other libertarian economists have as well, that it does at first sound like | ||
| irresponsible or something. | ||
| What does that mean? | ||
| What what? | ||
| What? | ||
| What the government's doing when it doesn't default, it's appointing guns and threatening jail time to people who had nothing to do with the transaction to take money against their will to give as interest payments to people who voluntarily bought treasuries, who lent money to the government. | ||
| And so to default means that you're not coercing people to pay to those who voluntarily lent money to the government. | ||
| How is that? | ||
| You know, so morally, that's not it. | ||
| It sounds like what you're saying is the right business to be in is lending money to the government. | ||
| If they're going to go point guns at other people on my behalf, hey, I'll be on the back of that gun and stand in front of it. | ||
| Sure. | ||
| And what's funny is even a lot of people who are very, you know, like minarchists are very small government people, usually in terms of the list of things that they would think the government should stop. | ||
| You know, there's a, oh yeah, no, you know, aid to foreign countries and, you know, the government shouldn't be in higher education. | ||
| They either go down the list, but usually paying interest on the outstanding debt is something that everybody agrees the government should do that. | ||
| And yet that's the one area where those people volunteer, you know, you voluntarily lend money to a corporation. | ||
| If they don't pay you back, tough. | ||
| And so, hey, you lent money to Uncle Sam and now people don't want to give him more money and he's got a budget crisis. | ||
| Why is it so assumed that you get paid first? | ||
| What would happen if the U.S. | ||
| government defaults on the debt to the Federal Reserve and they just say, we're not paying you back ever. | ||
| Federal Reserve goes bankrupt. | ||
| And then the U.S. | ||
| government's like, here's our new currency. | ||
| OK, yes, that's an interesting question. | ||
| So I know you guys know this, but just for the benefit of the listener. | ||
| So, yeah, a large portion of the outstanding Treasury debt, you know, so the U.S. | ||
| Treasury owes money to people. | ||
| They have bonds. | ||
| And some of the one owner of that is the Federal Reserve. | ||
| And so what, yeah, what would people do ask? | ||
| What would happen if the Treasury just said, you know what, why don't we just write off $2 trillion and we're not paying that? | ||
| So technically, that would make the Federal Reserve insolvent. | ||
| They would be bankrupt. | ||
| You know, their assets would be lower than their liabilities at that point. | ||
| But they could still create money electronically. | ||
| I mean, I don't think they would say, well, the jig is up. | ||
| You know, they would just keep operating. | ||
| The $20 trillion debt that we owe, isn't that all Federal Reserve notes? | ||
| No. | ||
| So it consists, legally speaking, in bonds. | ||
| So those are conceptually two separate things going on. | ||
| Can you explain the difference? | ||
| Sure. | ||
| So if the federal government wants to spend $2 trillion, you know, they want to spend $10 trillion and | ||
| only have $8 trillion in tax revenue. | ||
| They need to borrow $2 trillion extra. They issue bonds to borrow those from lenders. And | ||
| what the people are holding then is a bond. So you can't go to the grocery store and buy food | ||
| with a Treasury bond. But the people that are lending the money to the government, | ||
| isn't that Federal Reserve notes that they're lending to the government? | ||
| It's either electronic or yes, technically, but this technically the same notes could be | ||
| circulating in the economy and you could be accumulating Treasury debt. | ||
| Can you transfer a treasury bond? | ||
| What do you mean by that? | ||
| Can I, like, sign it over to you? | ||
| Yeah. | ||
| So, theoretically, you could buy groceries with it. | ||
| You could if they would accept, but you could buy groceries with chickens and stuff too. | ||
| Exactly. | ||
| Yeah. | ||
| Right. | ||
|
unidentified
|
Right. | |
| So it's an asset. | ||
| It's a very liquid asset. | ||
| Yeah. | ||
| You could, but I'm saying it's not, it's not money per se. | ||
| I guess it seems like it's all Federal Reserve debt because if you're going to issue a bond, you're the government, you're going to issue a bond to somebody that lends you money. | ||
| They're just lending you money that had been printed by the Federal Reserve anyway. | ||
| OK, but by the same token, like if Google issues bonds, technically they're borrowing U.S. | ||
| dollars, too. | ||
| That doesn't mean all private sector debt is just Federal Reserve notes. | ||
| But all U.S. | ||
| dollars are Federal Reserve promissory notes. | ||
| You understand, like if the U.S. | ||
| government says, hey, Ian, if you sweep my floor, I'll owe you ten bucks. | ||
| You're not the Federal Reserve. | ||
| They owe you ten bucks. | ||
| Right. | ||
| Or if Tim just lends you a hundred dollar bill and you sign something saying I owe you a hundred dollars, he paid you with a Federal Reserve note. | ||
| But that's not that that debt now is You know, the property of the Federal Reserve. | ||
| So I'm just saying there is an interplay. | ||
| Don't get me wrong. | ||
| But I'm just saying, conceptually, they're distinct things. | ||
| But yes, if like you were saying, Tim, if the if the Treasury defaulted on the debt that the Fed owns, it's interesting. | ||
| I mean, technically, what would happen is then they wouldn't have the ability. | ||
| If inflation gets if price inflation gets out of hand, the way the Fed can try to dampen that is they sell off And the other thing, too, you've got to understand is that the U.S. | ||
| has to maintain confidence in the U.S. | ||
| well if some of their assets disappeared because the Treasury defaulted on them. | ||
| So that's part of the issue is the Fed would be less able to control price inflation. | ||
| And the other thing too is you got to understand is that the U.S. has to maintain confidence | ||
| in the U.S. dollar and by military force if necessary. | ||
| So they wouldn't just ever be like, OK, Fed, we're done. | ||
| We're not doing U.S. | ||
| Federal Reserve notes anymore. | ||
| We're going to do Fed coin, because then China is going to be holding a bunch of toilet paper and they're going to be like, hey, we're not trading with you unless you accept what you've given us or what you owe us. | ||
| So it's not just it's an interconnected system. | ||
| I mean, if the U.S. | ||
| wanted to go full-on isolationist, self-sustainability, like, just no more conversations, oh, they could do that and be like, hey, everybody, congratulations, we're issuing, you know, AmericaCoin. | ||
| That's the currency of this country. | ||
| U.S. | ||
| dollars are gone. | ||
| China can screw itself. | ||
| Well, what you could do is every U.S. | ||
| dollar that China owes or has, you could just give them a U.S. | ||
| coin for. | ||
| And so we'd have like 28 trillion coins to start. | ||
| It's a little excessive, but whatever. | ||
| They got us into this situation. | ||
| There are rumors about cryptocurrency. | ||
| Have you heard of FedCoin? | ||
| Yeah. | ||
| Are they calling it FedCoin or what are they calling it? | ||
| I don't think they're calling it. | ||
| I think the cynics do. | ||
| USBC, I think. | ||
| United States Bank Coin, I think is what it's called? | ||
| Yeah, I don't know. | ||
| I don't know off the top of my head what the official term is. | ||
| Just like QE, the Fed never called those programs QE. | ||
| That was just like Wall Street dubbed them. | ||
| When we inflate our currency, when we pump out new dollars and stuff like that through quantitative easing, right? | ||
| So how does that work? | ||
| OK, so the Federal Reserve just buys assets electronically and then in the act of doing that. | ||
| So if the Fed wants to buy a billion dollars worth of mortgage backed securities, it writes a check. | ||
| Then that check by law clears. | ||
| Manifests. | ||
| Right. | ||
| Because the bank, you know, like Citibank, you know, the seller of the bonds deposits the check from the Fed, and then Citibank says to the Fed, we got a check from you for a billion dollars to this client. | ||
| And the Fed says, yep, that's good. | ||
| So the Fed just adds a billion dollars to the electronic balance for Citibank, and then Citibank adds a billion to the deposit of that client. | ||
| So it just magically... Money is fake! | ||
| The money supply went up by a billion dollars. | ||
| And so when inflation comes natural from that, I have to imagine, you know, China and other countries are like, hey, yo, what the hell? | ||
| Because we have debt and you're devaluing the debt we have with you. | ||
| So they get pissed off about that. | ||
| Yeah, it's China and other big holders. | ||
| They're in this weird position where I think they want to diversify out of it. | ||
| But yet if they just say to the world, you know, we don't trust the dollar anymore, then it could crash it. | ||
| And so it's a weird it's sort of like if Bill Gates wanted to sell Microsoft stock, you know, he'd have to You know, go through a divorce or just divest himself because of, you know, charitable concern. | ||
| So there was a lot of people say that's why I did it. | ||
| Correct me if I'm wrong, but there was a time when in order to expand the money supply, they had to find more gold. | ||
| When they're making gold coins and silver, they were like, if you don't have the materials to make it, you can't make it. | ||
| Right. | ||
| So I'm sure everybody is vaguely aware of the gold standard and how, you know, Nixon ended. | ||
| But actually, to me, the really cool period was original with the constitutional founding in the late 1780s up through the right before the Civil War. | ||
| The U.S. | ||
| federal government did not issue paper dollars. | ||
| It what they did is they said, if you want dollars, you have to bring in a certain amount of raw gold or silver, and we will stamp them at U.S. | ||
| mints into coins that say, you know, $20 or $1 if it's silver. | ||
| And so the public, in a sense, determined the quantity of dollars in existence. | ||
| Based on those legal rates, you know, they announced the ratios, of course. | ||
| It's basically like the government was certifying this was the true and correct way to do it. | ||
| Exactly, right. | ||
| So the money was gold and silver, and that's how Mises and other economists of the time thought of it. | ||
| They thought gold and silver were the actual money. | ||
| And you're right, the government, all it was doing was certifying. | ||
| Doesn't the Constitution say that? | ||
| Right. | ||
| So that's the thing, too. | ||
| Like, it gave the government the authority to coin money. | ||
| It didn't mean to print up fiat dollars. | ||
| It meant, like, it was the same way, like, it could set weights and measures. | ||
| So it could say, like, 12 inches is a foot. | ||
| You know what I mean? | ||
| Just to sort of allow commerce to flourish by having standard units. | ||
| This is what we mean by a dollar. | ||
| It's this many grains of gold. | ||
| So the Fed right now can simply say, hey, Ian, you got a billion dollars. | ||
| And that's it. | ||
| He has a billion dollars. | ||
| Yes, but they wouldn't just give it to them, they would buy something for it because they're not done. | ||
| They're gonna get a billion dollars or something. | ||
| They could give it to me though if I was a friend of a friend or something? | ||
| They could buy the crystal ball from you and say it's a million dollars or a billion dollars and buy it and acquire it and that's the way they could funnel it to you. | ||
| What about like my work? | ||
| Like a nice jolly hello is like I'm now giving them some advice and they can give me a billion dollars for that? | ||
| So economically there would be nothing stopping them. | ||
| I think there might be statutes about, you know, they couldn't just pay you for a service. | ||
| We talked about this on one show where I was buying something from a bank. | ||
| I had to do a wire transfer from one bank to another. | ||
| So I bought a truck. | ||
| We bought a truck for our mobile production studio. | ||
| And then one day I get a call from this bank and I'm like, they have no business to call me because I settled that debt. | ||
| But then eventually I decided to check my messages and they're like, we're calling about an outstanding debt you have. | ||
| So what happened was Bank A transfers money. | ||
| I said, here's all the information that was provided for me and it was all true and correct. | ||
| They say, okay, the wire transfer has been initiated. | ||
| It should clear soon. | ||
| The other bank that was supposed to receive it said, we never got it. | ||
| We have never received that, that wire. | ||
| So then I'm like, okay. | ||
| So I called my bank and they're like, no, we have it right here written down. | ||
| The money's gone. | ||
| And I'm like, then where's the money? | ||
| And they're like, it's gone. | ||
| It just literally doesn't exist. | ||
| So if the banking system is literally just one bank writing down a number and saying you have it, the other bank writing down a number saying you don't have it, and if one bank fails to write down a number, then the money is just gone. | ||
| Eventually, I contacted somebody, and they told me, you know, they ignored me. | ||
| And then I tweeted about it, and that's the magic word in today's, you know, fascistic social dystopia, where if you have enough followers, you can tweet your problems away. | ||
| I'm fortunate enough to have been able to be like, hey, bank, what's going on? | ||
| Where's my money? | ||
| And then immediately I get like a liaison, like, we're so sorry, Mr. Poole. | ||
| We'll resolve this for you. | ||
| And then they eventually said, okay, okay, we figured it out, and don't worry about it. | ||
| But the crazy thing is, for a regular person, If you have two banks and one bank says, we went into your bank and hit delete on that amount, it's gone. | ||
| You can't do anything about it. | ||
| Yeah. | ||
| I mean, and there is in a very legitimate or not legitimate, that makes it sound like it's okay. | ||
| In a very real sense that like a bank, when it grants a mortgage to somebody, there is a sense in which, you know, M1 is the term, like that's the measure of the money supply that literally went up. | ||
| Like the way economists measure how many dollars are in existence. | ||
| And so the commercial banking system can expand and contract the money supply through lending for mistakes, like in your case. | ||
| Yeah, when they do loans, that money comes from nowhere, right? | ||
| Right. | ||
| So, I mean, it's, there's constraints. | ||
| They can't just create a trillion dollars. | ||
| Like there's things that would happen. | ||
| The reserves will get drained. | ||
| But, but yeah, strictly speaking, there's nothing in the accounting. | ||
| Like when a bank makes a loan, it's qualitatively different from like if, if the bar or something just gives you a drink and puts it on your tab. | ||
| Like there's a sense in which they're creating more dollars. | ||
| Basically, you know, Ian says he wants to buy, you know, my bottle of water, uh, or, you know, this, this bottle of water. | ||
| And so I say, okay, I'll give you a loan to purchase it. | ||
| I as the bank then just type in to the owner's account, you have a dollar. | ||
| And then Ian owes me a dollar, but I never actually transferred a dollar to anybody, right? | ||
| Yeah, so maybe the way to think about it is, because remember we were talking about you couldn't use a treasury bond to go to the grocery store? | ||
| You can go and buy, you know, you can use a $20 bill, like a Federal Reserve note, right? | ||
| That's money. | ||
| But you can also, if the bill's $20, you can take out your bank debit card and swipe it, And technically what's happening is, you know, Bank of America, let's say, is saying, oh, right now Tim Poole has, whatever, $1,000 in his checking account. | ||
| He swiped that, so now we'll say he only has $980, and we'll credit you, you know, Kroger or whatever the grocery store is around here, an extra $20 in your checking account. | ||
| And so you're right. | ||
| But that's a checking account. | ||
| Right, but I'm saying that no, they didn't need to do anything, like it's just on their computer. | ||
| What I mean is if you use, so what I've been told is that when you use a credit card, there's no actual transfer of funds. | ||
| The credit card swipe literally just gives $20 to the other person's account, and then nothing is subtracted from anywhere. | ||
| Okay, so where I was going with that is to say, so you can see, the grocery store does consider what Bank of America says as people, like, how much money we owe you. | ||
| If you showed up and wanted to empty your checking account, we would give it to you, and people treat that as as good as Federal Reserve notes. | ||
|
unidentified
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Right. | |
| So that's different from just, you know, you giving them that bottle of water and him saying, I owe you, what, $10 or whatever. | ||
| Like when a loan is given to somebody, that money is created. | ||
| Right. | ||
| And the reason there's a distinction with what the commercial banks do is because, for various reasons, the merchants in the community treat IOUs from the banks as being interchangeable or fungible with Well, let's put it this way. | ||
| Let's say a bank, so it's what they can lend out like nine times, or 90% of their existing cash reserve? | ||
| Well, that used to be the case. | ||
| The Fed got rid of the reserve requirements. | ||
| So that particular thing is now technically... Why do they do that? | ||
| They did. | ||
| It was like in April. | ||
| It was right after the coronavirus thing hit. | ||
| Wow, really? | ||
| And this is funny. | ||
| They announced it on a Sunday night, and in the press release, you had to go read the follow-up. | ||
| Like, it just said, we've made some other changes, and you had to go read the follow-up press release to see that they got rid of reserve requirements in 2020. | ||
| So does that mean they can just literally create money at any point for any reason? | ||
| Okay, so that's what I was saying before. | ||
| So there's no statutory legal constraint on what they can lend, but there is a mechanism. | ||
| So if they lend out too much money, you know, like people want to buy homes and they'd lend out a trillion dollars for people to go buy homes, people go and write checks in that. | ||
| Let's just, I want to make sure we're getting this clear is what I'm trying to get at. | ||
| I don't understand. | ||
| The bank isn't giving you money. | ||
| The loan manifests the money upon signature. | ||
| Like the money is created out of thin air for the loan's purpose. | ||
| Right. | ||
| Okay. | ||
| So like basically the bank doesn't, doesn't actually go to its coffers, take a dollar out of its piggy bank and hand it to you. | ||
| They just write it on a piece of paper. | ||
| They just, they just poof, a dollar's there. | ||
| They credit your account with, you want to go buy a car, it's $20,000 and you apply for a loan. | ||
| So that expands the money supply by $20,000. | ||
| Right. | ||
| But I don't want your listeners to take what I'm saying too far. | ||
| There are constraints because if they're too reckless, any one bank, if it expands too much, when there's clearing house transactions with other banks, you know, so the car dealership that now you deposit that check for $20,000 that was created out of thin air electronically, That dealerships, if they have a different bank, when they go to settle up with your bank, they're not just going to say, oh, Bank of America is good for it. | ||
| They're going to say, send us Federal Reserve notes, or they're going to actually say, you know, with your account with the Fed and our account with the Fed, settle up with us. | ||
| So there is a constraint, ultimately, that it's called having reserves. | ||
| So the commercial banks can't create Federal Reserve notes and they can't compel the Fed to credit their own checking account with the Fed. | ||
| So the Fed can do whatever it wants, because there's no one above the Fed. | ||
| The Fed just, if it creates money, creates money, period. | ||
| The commercial banks, there is a sense in which by making a loan, they do it. | ||
| But if they do it too aggressively, the chickens come home to roost. | ||
| Is this intentionally confusing? | ||
| Yes, and I'm sitting here trying to decide how much detail to get into or not, because I don't want to say something that, taken out of context, sounds like I'm saying something wrong. | ||
| But yes, there is a sense in which they can create money. | ||
| Commercial banks do have limits. | ||
| The Fed has no limit. | ||
| The only limit on the Fed is just that price inflation gets too high. | ||
| These local banks literally be like, I'm going to create a $100 bill for you, Ian, so you can buy that, you know, expensive champagne. | ||
| Yes, there's nothing stopping them except if they do that too much. | ||
| So that's money they create. | ||
| When Ian pays them back, where does that money go? | ||
| So if they don't relend the funds out, that money gets destroyed. | ||
| And so that's the sense in which the commercial banks expand and contract credit. | ||
| And that's why Mises, that was his theory of the business cycle, incidentally, that the commercial banking system, they push down interest rates, expand credit, causes a boom. | ||
| They chicken out for some reason. | ||
| They raise interest rates, contract credit. | ||
| The supply of money in a very real sense decreases and that causes a crash. | ||
| That removal of the reserve requirements sounds like the U.S. | ||
| dollar is worthless and on the verge of imploding. | ||
| So I'm surprised more people didn't notice it and make a big deal out of it. | ||
| And it's part of the reason they didn't is because since the 2008 financial crisis with all the rounds of QE, as you may know, the banks were just sitting on excess reserves like they were. | ||
| They had money pumped in by the Fed and then they didn't lend out, like you said, like the 10 times multiple they normally could have. | ||
| And so when the Fed got rid of those reserve requirements, it didn't change any of the legal obligations. | ||
| In other words, the banks already were well above what the requirements were. | ||
| So getting rid of the reserves didn't constrain them. | ||
| But you're right. | ||
| So some other countries don't have reserve requirements, too. | ||
| So it's not like this is the one country where that's the case. | ||
| Yeah, but it is a petrodollar country. | ||
| Yeah, but it is. | ||
| Right. | ||
| I was alarmed by it. | ||
| And like I said, the way the Fed I'm buying more Bitcoin! | ||
| They did it on a Sunday night, and it was under the radar, and so the announcement... They also removed the limits on savings accounts, converting them into checking accounts, basically. | ||
| Is that what happened? | ||
| Right. | ||
| Yep. | ||
| What does that mean exactly? | ||
| You, uh, well, you could explain it. | ||
| I'm not going to. | ||
| So they, they made a change where, um, I believe before it was, if you had, it was technically a savings account, you could only move money from that and your checking account six times per month. | ||
| And they got rid of that rule so that there's really in practice now, no distinction between checking and savings accounts. | ||
| So basically savings were like considered not in the money supply because you have a limit, six transactions per month from savings to checking. | ||
| And it was supposed to be at savings, you know, higher interest and you put it in savings. | ||
| Then they said no more, which means... | ||
| All of a sudden, the money supply exploded. | ||
| And everyone's like, you've seen the M1 money stock just skyrocket, and everyone's like, you gotta understand, Tim, this is funny, they were like, you're misunderstanding this. | ||
| They're not, it's not an explosion in the money supply, they just changed the way they describe checking and savings, and I'm like, yo, they just said to extract your savings like it's your checking. | ||
| That is an explosion in the money supply, and it's extremely bad news for this country. | ||
| To flat out say, hey everybody, you know your savings? | ||
| Start spending it like it's all you got. | ||
| It's basically them saying like, oh yeah, we're imploding. | ||
| And you can take like a million dollars in your checking account and at the end of the month move it into savings, get the interest and then move it back? | ||
| Well, if you did do that, you'd only get it for the brief time you had it in. | ||
| You know what I mean? | ||
| So that's right. | ||
| Let me just give you my take on that. | ||
| So just for the people listening, M1 is one measure that includes checking accounts, but not savings. | ||
| M2 included savings accounts. | ||
| And so you're right. | ||
| If you look at graphs, you know, it's going along. | ||
| And then in 2020, all of a sudden M1 goes through the roof. | ||
| And so people were alarmed, and then you're right, the apologists for the Fed, it was like, oh, it was you right-wing nutjobs, whatever, you're always freaking out. | ||
| It's just a statistical, a redefinition. | ||
| But even if you use the old definition, M1 still went up a lot. | ||
|
unidentified
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Oh, yeah. | |
| You know what I mean? | ||
| And it's still at a speeding angle, speeding up like crazy. | ||
| Because M2, which the definition change didn't affect, also spikes. | ||
| And so I think partly, Tim, Maybe the reason they did that was to have an excuse so people wouldn't be panicked by the spike. | ||
| I can't prove that, obviously, but it was convenient that people were like, oh, no, no, when it was like half the spike was because the money supply by any definition really did skyrocket. | ||
| We got it pulled up and you can see, like, In, uh, around March of 2020, the straight spike just goes straight up between, from April to, you know, the month of April is a straight line up. | ||
| And they're like, you know, the rules were changed and how we describe things. | ||
| But if you look after that, April, 2020 until now, the difference between before the spike and after, before the spike, it's like this. | ||
| After the spike, it's like that. | ||
| I mean, you guys can see it. | ||
| You don't need me to use my hand, but it's like, it's slowly going up, major spike, and then it's skyrocketing. | ||
| After the rule change. | ||
| And are you looking at M1? | ||
| Yeah. | ||
| If you pull up M2, I don't know if you're Fred or what you're looking at, but M2 is not affected by the definition change. | ||
| And so you can see M2 also spiked in April 2020 to show this isn't just a definition change. | ||
| They really did pump in a bunch of money. | ||
| It's not as pronounced in M2, but you can see there is a spike. | ||
| And you can see that from then till now, it is increasing. | ||
| The money supply is increasing faster than it was beforehand. | ||
|
unidentified
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Right. | |
| So there's the one shift, like you're saying, and the rate of increase. | ||
| I didn't know about that fraction, that reserve restriction. | ||
| It was all at the same time. | ||
| Period. | ||
| If I had known that, I would have bought way more Bitcoin. | ||
| And also, like, the Fed started buying stocks. | ||
| You know, they did a lot of stuff because everyone's freaking out about coronavirus. | ||
| And so the Fed was paying attention. | ||
| Right. | ||
| Well, I'm not gonna give anyone financial advice, but I keep, you know, we've been expanding the business, and my attitude is like, hire people, you know, expand our facilities, get more equipment, and people are like, you know, don't you wanna, like, there are questions about how fast we should be trying to expand and what we should be trying to build, and I'm like, look, I'm not gonna sit around on this stuff when inflation's as high as it is. | ||
| We had Max Keiser on the show, and he said real inflation's probably closer to 14%. | ||
| Do you have any opinions on the inflation rate in that capacity? | ||
| I mean, this is anecdotal, but when I go to the grocery store now, even and I'm not talking Whole Foods, I mean, just like Walmart and whatever. | ||
| I can't get out of there without spending $200. | ||
| I mean, by me, dude, it's so bad. | ||
| We went to the grocery store the other day and we filled up our cart and the final bill was like 30 percent higher than it was a few months ago. | ||
| And I was just like, whoa. | ||
| And I'm like, what? | ||
| I'm looking at the receipt. | ||
| Like, what did what happened? | ||
| Oh, yeah. | ||
| But, um. | ||
| You know, anyway. | ||
| And also, they're doing tricks, too, with, like, the packaging. | ||
| Like, you're not getting as much Cheerios in your box as you used to. | ||
| Oh, they're getting smaller. | ||
| And the cardboard is thinner, if you've noticed that. | ||
| Like, they're doing all sorts of things. | ||
| Right now, I'm just saying, like, the last thing I want to be holding onto is US dollars. | ||
| So I bought, you know, some crypto. | ||
| We're just making sure that we're not sitting on the money and we're expanding the business. | ||
| It's like, I don't want just money sitting in the bank. | ||
| Now we're going to make sure we have the right cameras, the right microphones. | ||
| We're looking at, we just hired someone, we hired another person today to help us expand and produce more content and make things go faster. | ||
| There's a period in my life where I'm like, I was always very much just save, save, save. | ||
| Now it's like, get off dollars, invest it in something else. | ||
| We gotta be careful about hiring because we're gonna need to pay them more eventually. | ||
| The inflation isn't gonna cap the land that you get or the cameras, that's good. | ||
| But people next year are gonna need to be paid 20 or 30%. | ||
| And will need to be paid more to cover their costs too. | ||
| So I'm saying like, instead of just holding on to, I mean, uh, I don't know if this is, did mines make a public announcement recently? | ||
| I don't want to say anything. | ||
| It's not public. | ||
| I don't know. | ||
| I don't know, to be honest. | ||
| Okay. | ||
| Yeah. | ||
| So, but, but there's a lot of, there's a lot of companies that are announcing, um, they're getting off fiat. | ||
|
unidentified
|
Oh, yeah. | |
| 25% of their balance sheet is now in crypto. | ||
|
unidentified
|
Wow. | |
| I think you're going to see way more of that. | ||
| And, you know, they're like, China's banning crypto. | ||
| I'm like, shut up. | ||
| They ban crypto every other month. | ||
| They started a cryptocurrency and then banned all the other ones. | ||
| Yep. | ||
|
unidentified
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Nice. | |
| The U.S. | ||
| has got its plans for its coin or whatever. | ||
| I don't know. | ||
| I don't think, you know, all of these ultra millionaires and billionaires who have bought into Bitcoin are planning on losing it. | ||
| Right. | ||
| Especially overnight. | ||
| So whenever these stories come out, it's always the poor people who sell off their cryptocurrencies. | ||
| I'm not giving any advice. | ||
| You do whatever you want to do. | ||
| I'm just saying. | ||
| The last thing I want to be sitting on is is fiat currency. | ||
| We want to hold things that will be good investments and hedge against the like this is we're in a death spiral as far as far as I can tell. | ||
| I just to clarify, did China actually they started a crypto, a central cryptocurrency? | ||
| I read that, but I didn't I didn't I didn't go deeply into fact checking it. | ||
| I saw it. | ||
| Someone was like, that's why they made it illegal. | ||
| I don't know, man. | ||
|
unidentified
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What is legal? | |
| Without giving advice to anybody, just what are your personal opinions on the state of the U.S. | ||
| dollar? | ||
| Sure. | ||
| So I should admit this, that I was very worried after the financial crisis in 2008. | ||
| And so I was, you know, going around in my role, like affiliated with the Mises Institute and just in general as an economist. | ||
| And I was warning people about the stuff we were talking about, like how the banks create, you know, fraction reserve and so forth. | ||
| And I thought we were going to see higher consumer price inflation earlier. | ||
| And so I even, you know, I had a public wager with another comment and I lost that. | ||
| And guys like Paul Krugman were running Victory Labs, making fun of me. | ||
| Like you mentioned Wikipedia, my Wikipedia entry is like, I was born, I lost that price inflation bet. | ||
| And then, you know, maybe now I'll be on Tim Pool's show and that'll be the three things that they mentioned in my life. | ||
| I'm going to say, well, I think the rest of the world investors were just misanticipated. | ||
| You know, I mean, like I do think the dollar is going to crash in our lifetime for sure. | ||
| I think it's going to be a lot sooner than that, just because every time a crisis hits now, their solution is they throw trillions of new dollars at it. | ||
| And so unless they stop doing that, you know, I think it's like I said, we've we've seen it now with our own eyes. | ||
| Like it it was kind of weird. | ||
| And, you know, guys like me were You know, people are calling us chicken littles and whatnot. | ||
| And so I sort of was mute about it for a while because, you know, it didn't come when I thought it was going to. | ||
| But at this point, clearly prices are rising rapidly around the country. | ||
| If last year, beginning of last year, you bought steel, chlorine, cars, computer chips, cryptocurrency, you'd be set for life. | ||
| I mean, if you bought Bitcoin last year, like beginning of last year, and you said, I'm gonna put all my money in it right now, you would never have to worry again. | ||
| Like, the amount that it's gone up since then is absolutely insane. | ||
| Have you studied debt recall at all? | ||
| Like, the history of it over the millennia? | ||
| I think ancient Greece had a debt recall. | ||
| Do you mean, like, where they just reset everything? | ||
| Is that what you're saying? | ||
| I mean, I haven't studied it. | ||
| It's in the Bible, yeah. | ||
| Where they're like, bring us all of your Danars and then we're gonna... Like the Jubilee? | ||
| Like every 50 years, Jubilee in the Bible and stuff? | ||
| Yeah. | ||
| Like, is that what... I mean, inevitably, I'm looking at this like, it just is like I'm staring at a big pink elephant. | ||
| And it is that this fiat system is going to crash. | ||
| Right. | ||
| So I to me, I think that's partly tied in with this whole great reset and everything. | ||
| Like, I think the people running the system know that they're, you know, they're kind of pushing it to the limit. | ||
| And that's why they're trying to get ahead of it. | ||
| And, you know, this is going to happen. | ||
| And then they're going to they have things in the wings that they're going to bring in to replace the dollar is what is what I think ultimately is going to come down. | ||
| Like they'll use BlackRock and then seize all of BlackRock's assets and then they'll have all the land and then they'll start renting it out to people for cheap or just for their slave labor or something? | ||
| I mean, I don't know about those particular details, but yes, I think they do want to move to a society where there's a few multi-trillion at that point dollar companies in league with powerful states and they kind of own all the Yeah, you'll get a little book. | ||
| You'll get an app and the app will be like, did you get your loaf of bread this week? | ||
| Then you'll like go to the store and you'll scan your phone. | ||
| By the way, to me, another thing I see is like they're trying to get everyone off cash. | ||
| And I mean just little things like when I go to the ATM now, The options it gives me for withdrawal, it only goes up to $200. | ||
| I can still type in a different screen to get more, but 20 years ago, it offered $300. | ||
| Right now, we just said that could go in one visit to the grocery store. | ||
| So you would think it would let you take out $700 right now as just a default option, but it doesn't. | ||
| So I think they're trying to wean people off of holding cash and get everyone swiping cards because they can control that. | ||
| I think that special interests, politicians, nonprofits want the labor shortage. | ||
| It's forcing kiosks and self-checkout. | ||
| So there's a big conversation about, you know, how do we, if we've got the potential for kiosk ordering at fast food restaurants, how do we transition people out of these jobs? | ||
| They're going to get mad when they lose their jobs. | ||
| Nobody wants Luddite riots, right? | ||
| So what happens is, hey, look, we got this opportunity. | ||
| There's people are freaking out. | ||
| Let's now just start Switching all of these things over to self-checkout, to self-service, to kiosks, and then no one's going to complain about losing their job because we're giving them unemployment benefits. | ||
|
unidentified
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Right. | |
| And they're also, that's the push for UBI and everything. | ||
| Yeah, you're right. | ||
| I think they're trying to get the public used to the idea that every month you just get a check from the government and then you're happy, right? | ||
| And then you sit at home and you communicate through your screens and we regulate that flow of information. | ||
| They'll be more miserable than they've ever been when that happens. | ||
| Oh, sure. | ||
| But purposeless, confused, angry. | ||
| Yeah, I got this feeling like we talk about currency. | ||
| I think of electrical currency, and the future of currency is electricity and fusion. | ||
| I keep thinking about fusion. | ||
| It's like the government or whoever is in charge is afraid that if people get the power of fusion, that it would be too dangerous to give the individuals almost near-infinite electricity. | ||
| But I mean, cold fusion, maybe. | ||
| What other way could there be? | ||
| Currency is already energy. | ||
| Currency is always energy. | ||
| Electricity is a form of currency. | ||
| So are dollars. | ||
| But I think dollars are becoming defunct. | ||
| Dollars represent energy. | ||
| They don't represent anything anymore. | ||
| No, they represent energy. | ||
| They used to represent gold and silver. | ||
| For one, the U.S. | ||
| dollar is backed, sort of, by oil. | ||
| It's the petrodollar. | ||
| But it's also that currency and value has always been the energy that someone needs for some kind of outcome. | ||
| So initially we had wood, we had coal, we had all these different various forms of energy. | ||
| When we would trade with someone, we want them to exert their energy towards us for some reason. | ||
| So when you say the future of currency is electricity, I'm like, we already have the petrodollar. | ||
| It's already, you know, very much so about fossil fuels to power all of our machines and all of our systems. | ||
| So already energy is backing our currency. | ||
| But oil's heavy. | ||
| So like if I was like, hey, hey neighborhood, I want some food. | ||
| I'll give you some of my electricity so you can power your house and heat your home. | ||
| Like those are things that really matter. | ||
| Having electricity, having heating. | ||
| Like petroleum for heating your house? | ||
| But it's heavy. | ||
| That's why we developed money in the first place. | ||
| How do we make electricity? | ||
| There's lots of ways to make electricity. | ||
| What's the principal way we make electricity? | ||
| I don't know. | ||
| There's lots of ways. | ||
|
unidentified
|
Coal? | |
| Yeah, you burn stuff. | ||
| That's one way to do it. | ||
| The principal way we get electricity is coal. | ||
| We burn coal and other fuels and now natural gas to pressurize systems. | ||
| So, yeah, you're saying it's heavy, but electricity is actually the after-product of the fossil fuels. | ||
| So, yes, my point is that the fossil fuels generate electricity. | ||
| Electricity is already partly. | ||
| But it's more than just that combustion, kinetic energy. | ||
| We convert fuels into motion. | ||
| That's just too heavy to use as currency, though. | ||
| That's the problem with it. | ||
| You need lightweight. | ||
| That's why we develop digital currency. | ||
| That's why we develop paper or cotton dollars. | ||
| Because you can carry it around. | ||
| Electricity is extremely difficult to move and store. | ||
| I know, right now it is. | ||
| Batteries. | ||
| And I think that's intentional. | ||
| I don't want to go down the conspiracy route, but I think that this stuff's being suppressed because they want to limit the power of the individual. | ||
| Alright, well, let's see what the Super Chats have to say, if you haven't already. | ||
| Send us a Super Chat, smash that like button, subscribe to the channel, and don't forget, go to TimCast.com, because we are going to have a members-only segment coming up after the show, just for all of you amazing members who support our work. | ||
| Let's read. | ||
| What do we got here? | ||
| Alright, let's see. | ||
| Deprived Dolphin says, Hey crew, a judge recently ordered that my work mandate vaccines. | ||
| Exception for medical and religious. | ||
| I'm refusing. | ||
| They will have to fire me. | ||
| Well, good for you for standing up for what you believe in. | ||
| And it's unfortunate that we've come to this. | ||
| Alright, let's see. | ||
| 1-2 says, any reason you haven't mentioned the illegal- 50,000 illegal votes in the audit? | ||
| And yes, they are illegal, there's no way around it. | ||
| Uh, namely because I'm researching it. | ||
| Uh, people were like, Tim's not gonna talk about it. | ||
| Well, look, man. | ||
| I'm not gonna take any bold claims and just outright read, like, here's what it said. | ||
| I need to actually talk to some people. | ||
| It's not something I can easily do, especially to be, you know, uh, to be fair. | ||
| Today was particularly hectic here with the projects we're working on. | ||
| But yes, I've read a little bit. | ||
| I've not read enough to be confident to opine on Arizona's audit. | ||
| I can just put it that way for now. | ||
| But I'd like to actually get maybe like, you know, Bannon to come back or something. | ||
| And then we would do like a podcast episode of TimCast.com. | ||
| I've had Matt Brainerd on the show. | ||
| We've had Steve Bannon on the show. | ||
| We put that stuff on TimCast.com where you guys are able to see it uninterrupted and unimpeded. | ||
| YouTube is a minefield. | ||
| But at the very least, YouTube provides that bridge from YouTube to the website and to other outlets so that the information still persists in the ecosystem. | ||
| All right. | ||
| B. Anderson says, Tim, you said something in your earlier segment saying along the lines of, they are not going to ask for help, then filter out the ones they don't want. | ||
| That's not entirely true. | ||
| Beggars are being choosers. | ||
| I'm not sure what you were referring to. | ||
| Beverly Baum says, I love you guys, but I miss Luke. | ||
| Luke was on his way here when he suffered an unfortunate trucking accident. | ||
|
unidentified
|
Oh, geez. | |
| No, I don't know exactly what happened. | ||
|
unidentified
|
That sounds terrible. | |
| He was just like, hey, I'll be there Saturday. | ||
| Then he said he couldn't make it because he was having car trouble. | ||
| So, uh, Luke will be returning. | ||
| And it's all- it's- it's- it's perfect timing, too, because we're really close to the new studio being done. | ||
| The construction is almost entirely done. | ||
| We just need to set up the supports for the table. | ||
| Once we do that, though, then we've gotta do the camera positioning. | ||
| We're gonna have, like, wall-mounted cameras. | ||
| It's gonna be really, really awesome. | ||
| The lighting is amazing. | ||
| I don't know if you guys have watched the vlog, but the lighting is a ring of LED lights around the ceiling. | ||
| So it's, like, perfectly lit. | ||
| It's amazing. | ||
| Alright, let's see. | ||
| What do we got here? | ||
| John Eakins says, How would you feel about dropping the business tax rate from 25% to 5% if companies evenly distribute the other 20% among its employees? | ||
| Eliminate tax deductions, and if companies don't, then their tax rate would be 30% and make Social Security opt-in. | ||
| Did you catch all that? | ||
| Yeah, I mean, I would like to make the business tax rate zero percent. | ||
| And so, you know, if he's given options to lower it as far as Social Security. | ||
| Yeah, I have a whole article. | ||
| People Google, you know, Robert Murphy, Social Security reform. | ||
| I think you'll you can find it. | ||
| Where that's what I've tried to do. | ||
| There's because what happens right now with Social Security is I think if you allowed people to opt out, they would get a higher rate of return on their investment. | ||
| You know, just private sector. | ||
| Right. | ||
| And also to the government could borrow. | ||
| I don't know if it's true right now, but a few years ago, when interest rates were really low, the government could have borrowed on better terms from just private lenders than it was implicitly paying workers. | ||
| In other words, when they take your payroll taxes, your contributions, and then they promise you benefits down the road, implicitly they're forcing you to lend them money. | ||
|
unidentified
|
Right. | |
| And so they were actually paying a higher rate of return on that than they could borrow out in the regular debt market. | ||
| So it was like a win-win thing where let people opt out. | ||
| And that would just, you know, it would fix the finances or it would improve them and then allow people more flexibility. | ||
| All right. | ||
| Andrew Kramer says, Did you guys see that Colonel Stuart Scheller is being incarcerated for speaking up about the military leadership's failure regarding Afghanistan? | ||
| I did not hear that. | ||
| You guys hear that? | ||
| No, I didn't hear that. | ||
| That's crazy. | ||
| Joseph Henson says, It's been a hell of a ride, boys. | ||
| Yep. | ||
| True that. | ||
| Trevor Ellis says, evening Tim and crew from Canada. | ||
| As a construction contractor, I've been refused service from local suppliers because they refused the jab. | ||
| 20 year relationship gone. | ||
| The fear mongering is real up here. | ||
| Oh yeah, man. | ||
| All right. | ||
| James Johnson says, just watched Stargate episode that alternate earth dimension had suspended all assets of democracy. | ||
| Almost had an anxiety attack. | ||
| You ever see a Stargate SG one? | ||
| I have. | ||
| I don't know that episode though. | ||
| There's an episode where it's in, I think, season two, maybe? | ||
| I'm not sure, maybe one. | ||
| Daniel goes through what's called a quantum mirror and he goes to an Earth that's under alien attack. | ||
| So they've suspended basically all rights. | ||
| And they're like, we have no choice. | ||
| There were riots. | ||
| They wouldn't support the war effort. | ||
| We're about to be wiped out by an alien race. | ||
| And so you're like watching the American president and these people give you their justification where they're like, we have to do it, otherwise we die. | ||
| They had to divert like 80% of all electricity towards a system to like defend themselves. | ||
| So everyone's working around the clock slave labor. | ||
| Otherwise, the aliens destroy the planet. | ||
| And FYI, if aliens attacked right now, we are doomed because we sit on a stupid centralized electric grid. | ||
| Come on. | ||
| Seriously, they'd come and they'd be like oil production over and then we'd be like, Oh, no, what do we do? | ||
| Alright. | ||
| Eye Bloodroot says, Grandpa with dementia passed Saturday. | ||
| Alone in an NJ hospital. | ||
| Luckily my dad got to see him a week ago. | ||
| Hospital won't let priests in to perform last rites. | ||
| He's cremated but no funerals wakes allowed anyway. | ||
| Thank you for keeping me sane. | ||
| Love y'all. | ||
| That is brutal, man. | ||
| I am sorry to hear that. | ||
| This is... | ||
| It's, it's, it's a purge, man. | ||
| It's a culture revolution. | ||
| It's, it's just everything all rolled into one. | ||
| We are watching a slow motion fifth generational, um, coup, revolution, whatever you want to call it. | ||
| In every facet, it's political, it's cultural, it's financial. | ||
| It's happening right before our eyes in slow motion. | ||
| I feel like we're watching the puppets dancing and that we have the opportunity to build the puppetry, the puppet master with technology and the code, software code. | ||
| But a lot of it's what's, what the puppets are doing when in reality you should be focused on the puppeteer. | ||
|
unidentified
|
Hmm. | |
| Yeah, it surprised me how fast they I wouldn't have guessed a year ago that they would have federally put out like the vaccine mandates and whatnot. | ||
| I'm surprised, given the opposition to it, that how aggressively they're pushing that. | ||
| All right, let's see what we got. | ||
| Toby Walker says, there are numerous open-source versions of Unix, but yes, Linux was originally a hacked and reverse-engineered Unix, enhanced by Richard Stallman. | ||
| The GPL license is a special thing. | ||
| Please check it out. | ||
| Should we make Linus Torvald a saint? | ||
| A saint? | ||
|
unidentified
|
Why? | |
| Saint Torvald? | ||
| He built Linux. | ||
| Well, he saved a bunch of corporations untold sums of cash. | ||
| So I went to, uh, I can't remember what store I was at. | ||
| It was a big chain store and their self checkouts were running Linux. | ||
| I mean, they all do, but something happened where it crashed and it was very obviously you could see the Linux screen. | ||
| And then I thought it was funny and I was like, Oh, look, it's Linux. | ||
| And like one of my hacker friends was like, why would they spend money on closed source proprietary software when Linux is free? | ||
| And I'm like, Oh yeah. | ||
| So when they've got to operate, you know, 500,000 terminals at all of their chain stores around the world, use the free software instead of paying ridiculous sums, you know? | ||
| So there you go. | ||
| Chris B. Cade says, Tim, have you seen the quote, talk while it's still legal shirt, Rihanna war? | ||
| She's also siding with Nicki Minaj. | ||
| The culture war is turning. | ||
| Or maybe, I don't know, maybe these people have never trusted the government. | ||
| You know, maybe these, these, you know, uh, I mean, these people as in like Rihanna, Nicki Minaj, and, you know, Lil Wayne, this crew, these, this group of, of individuals and friends. | ||
| Not to mention, I think it's fair to point out Joe Biden saying the Tuskegee Airmen when he meant Tuskegee Experiments, but the Tuskegee Experiments, a good case of, you know, the black community not trusting the government. | ||
| Glacier says to Ian, a parallel internet might even be necessary by this point. | ||
| Look up Project New IP by Huawei that will be voted by the ITU in 2022. | ||
| It acts as anonymity and no endpoint buffers against viruses. | ||
| Whoa! | ||
| Interesting. | ||
| Yeah, there'll probably be near infinite amounts of parallel internets running. | ||
| All right. | ||
| Edward Saucita says COVID camp in Centralia, Washington is looking for an isolation and quarantine strike team member. | ||
| Job DOH 5814. | ||
| Yeah, people are tweeting that like crazy. | ||
| You see that one? | ||
| It's like a job opening for an isolation and quarantine strike team member. | ||
| I didn't look it up, but you know. | ||
| All right, let's see. | ||
| Andrew Brosswell says, your impressive top-tier Austro-libertarian podcaster collection is nearly complete. | ||
| Now that you've had Bob Malice, Dave Smith, Peter Quinonez, and Scott Horton on, the only person you're missing is the heroic Tom Woods. | ||
|
unidentified
|
Ah, I knew it! | |
| All right, call him up. | ||
| Have you guys been in a room together, all you guys? | ||
| That'd be fun, yeah. | ||
| No, we thought it'd be too dangerous for the liberty movement. | ||
| Yeah, that's why they fly me up president and vice president separately. | ||
| You can't have them all in the same place. | ||
| All right, let's see. | ||
| I'll put it this way. | ||
| I think the U.S. | ||
| breaking up is dangerous and terrifying because China just sweeps it and takes whatever they want. | ||
| How about Russia has treated borders since US Tsar broke up? | ||
| Long-term loss for short-term gain at best. With China waiting, it isn't even that. | ||
| I'll put it this way. I think the US breaking up is dangerous and terrifying because China just | ||
| sweeps it and takes whatever they want. So not good in the long run, but what's the alternative? | ||
| International conflict with China? | ||
| It's gotta be something new that hasn't been thought of yet. | ||
| Some kind of messiah-like figure returns? | ||
| A superman or a saint figure? | ||
| Yeah, like the second coming that convinces everyone that they are the second coming. | ||
|
unidentified
|
What? | |
| We're all fingers of God, man. | ||
| Okay, what could hit what my hope to win that's him is that like like we say Texas or other states break away and then | ||
| Yeah on paper It looks like oh so now if the US Empire falls China takes | ||
| over and that certainly will happen I think the Chinese, you know will be the people in charge | ||
| of the you know, 21st century But like a free Texas, let's say that it's so productive | ||
| and you know that they really are free You know the freest country on earth then | ||
| That in other words the statist underestimate the power of actual freedom | ||
| And so on paper, they're like, oh yeah, go ahead and break away, you idiot. | ||
| What are you going to do? | ||
| 30 million people or whatever. | ||
| But 30 million free people can do a lot more than they realize. | ||
| Yeah. | ||
| Turk Longwell says, Tim, Ian doing live searches was a good call. | ||
| Well, that was entirely Ian. | ||
| He brought his computer up one day and started searching for stuff. | ||
| Great. | ||
| It's good for us and him. | ||
| LOL. | ||
| Yeah, that's for sure. | ||
| Great guest too, sir. | ||
| Thanks for all the different perspective. | ||
| F Sour Patch Kids. | ||
|
unidentified
|
Right? | |
| I win. | ||
|
unidentified
|
Oh yeah. | |
| I have more followers than they do. | ||
| But aren't you a big fan of Sour Patch Kids? | ||
| I am. | ||
|
unidentified
|
So it's kind of hard for me, but... You decided one day to be mean to them? | |
| I did, yeah. | ||
| Stan T.O.O. | ||
| says, Mr. Murphy, would it be possible for the states to create free trade zones? | ||
| Is there a way to limit government overage but still be a pseudo-nation? | ||
| OK, so I'm not sure if he's talking about the context of our discussion of secession. | ||
| So clearly, like if Texas were to break away, then yeah, I would tell the Texas government at that point, maintain free trade with all the other states, you know, and maybe Washington to punish them would not do that. | ||
| Just like with Brexit. | ||
| Like that was the big, that was one of the things that the European Union said is, well, if you guys break away, you're not going to have free trade. | ||
| And then I don't know what the status of that bluff is at this point. | ||
| Yeah. | ||
| I mean, as an economist, free trade standard. | ||
| That's one of the things that made the U.S. | ||
| so productive and rich was that internally it was a giant free trade zone. | ||
| So if if any of these places do break away politically, still have free trade with all and, you know, relatively open, you know, coming and going. | ||
| So, you know, so that's that's the thing to to maintain a free society. | ||
| You're just politically severing. | ||
| That's the thing. | ||
| It's you're not it's not isolationism to say we're going to stop sending our money to Washington. | ||
|
unidentified
|
Right. | |
| I mean, we're already seeing the country breaking apart with California being like, no official travel to any of these places. | ||
| Right, right. | ||
| Drivers in Texas aren't gonna be able to deliver goods to New York where there's vaccine mandates because they don't know the same rules unless they get vaccinated. | ||
| All right, Sonny James says, My sister-in-law, a ADN when the National Guard came in for the pandemic, when they had no staffing shortages, she said they were ineffective, mostly stood around to the point they used them for menial tasks like charting. | ||
| Civil jobs are just different. | ||
| All right. | ||
| Emily Mower says, as someone who has lived my whole life in New Hampshire, Ian needs to shut up about my state. | ||
| What did you say about her state that was bad? | ||
| I don't know. | ||
| Oh, you called him all stupid, that's right. | ||
| Yeah, Ian was like, do your actual job! | ||
| And we're like, Ian, stop! | ||
| I think I've been through New Hampshire. | ||
| I like New Hampshire a lot, actually. | ||
| All right. | ||
| TheRaptorsTalon with a big ol' super chat. | ||
| Thanks. | ||
| Appreciate it. | ||
| It says, Ian, I disagree with your options. | ||
| First, in order to escape the fiat currency, you have to have a lot of it. | ||
| You have to have a lot of it to work with. | ||
| Not everyone has that. | ||
| Second, it's nearly impossible to get the funds to escape the power grid. | ||
| And third, cryptocurrency, as I understand it, only works in a society that does not have a concept of scarcity. | ||
| Why is that last point? | ||
| I'm not sure I understand that last point, though. | ||
| Cryptocurrency only works in a society that does not have a concept of scarcity. | ||
| No, Bitcoin is a scarce resource. | ||
| I don't think it'd be the other way around. | ||
| I don't get what they're saying. | ||
| That's the whole virtue of Bitcoin is it's absolutely scarce. | ||
| And there's a whole bunch of different types of crypto. | ||
| Some, like Dogecoin, slowly grows. | ||
| Some slowly shrinks. | ||
| There's a, what is it? | ||
| Like, is DeFi? | ||
| Like, is it a deflationary token that is just, you buy it and then it's guaranteed to deflate? | ||
| That's the way. | ||
| That's the way to do it. | ||
| That seems like a silly reverse kind of... It disincentivizes holding it. | ||
| That's the key. | ||
| You want to not hold currency. | ||
| You want to keep it moving. | ||
| Well, no, but like a currency that's slowly vanishing becomes more and more valuable. | ||
| So people will hold it. | ||
| And you create more? | ||
| No, no, no, no, no, no, no. | ||
| You can't create it. | ||
| That's the point. | ||
| There's certain tokens they made that slowly burn. | ||
| Every time a transaction happens, a portion of it gets destroyed. | ||
| So that over time, there's less and less, and if there's a culture building around it, and more demand for it, but a shrinking supply, the value goes up. | ||
| So you could buy one, and then wait a year, and then it'll naturally be worth ten times or something. | ||
| He's right that what I was saying isn't triage techniques. | ||
| These things that I said, like getting off the central grid, getting your own food supply. | ||
| These are like endemic solutions. | ||
| But as a triage of what to do right now? | ||
| I don't know. | ||
| I'm at a loss. | ||
| I'm listening. | ||
| I don't know, I kind of feel like we can sit here and freak out about China and those other countries all day and night, and I think it will be really, really bad. | ||
| But it just kind of feels to me that the path we're on, there's no exit ramp. | ||
| Like, Texas is already doing the ATF law thing, where they're like, we can do our own suppressors, ATF be damned. | ||
| New Hampshire is overtly like, we want to secede. | ||
| A handful of people in New Hampshire. | ||
| But the Free State Project, very much so. | ||
| California, I mean, they're banning travel to other states. | ||
| Already, states in this country are like, we don't like you, we don't want to work with you. | ||
| So, if this just continues the same way it's been going, it ultimately just results in states being like, yo, we out. | ||
| And then what? | ||
| I think we'll be fine here in the U.S. | ||
| for some time. | ||
| But if China becomes, you know, stays on top and begins exerting influence in other states, they'll instantly get influence in the West Coast, where they have tremendous pressure. | ||
| And then they'll slowly start coming in. | ||
| Europe will be too weak to do anything. | ||
| And then China becomes the global dominant superpower with military bases everywhere. | ||
| Let us not forget the cartels at Calderon. | ||
| Shout out last week. | ||
| Fantastic episode. | ||
| Check it out. | ||
| I highly recommend if you didn't see it yet. | ||
| But I mean, that's like a government itself, and it's right on the border and within our country. | ||
| All right, let's see. | ||
| MCOFKI says, TIGTAO. | ||
| Texans going their own way? | ||
| That's right. | ||
| I like it. | ||
| Kennedy Marine Detailing says, the tyranny Athens imposed on others, it finally imposed on itself. | ||
| Thucydides. | ||
| Very interesting. | ||
| Sarah says, CONCH Republic 1982. | ||
| True secessionist movement in Florida Keys in response to federal government overreach. | ||
| I don't know anything about it. | ||
| Do you guys know anything about that? | ||
| What's it called? | ||
| Do you know about it? | ||
|
unidentified
|
I don't know about that, no. | |
| The Conch Republic, 1982. | ||
|
unidentified
|
No. | |
| Logan Culver says, Tim, today I joined you in the 35-year-old camp. | ||
| Have you watched the Monopoly on violence yet? | ||
| Mr. Murphy here is excellent, and I love you guys. | ||
| Dave Smith, 2024. | ||
| And then there's a, I think it's a black flag? | ||
| And a gorilla. | ||
|
unidentified
|
Excellent. | |
| This here says from ContraRepublic.com, it's a micro-nation declared as a tongue-in-cheek secession of the city of Key West, Florida, from the United States. | ||
| And it's been maintained as a tourism booster. | ||
|
unidentified
|
Oh, for the city. | |
| You guys over here have Christiania? | ||
| In, uh, it's in Copenhagen? | ||
| Up in Denmark, yeah. | ||
| Yeah, it's like the free zone. | ||
| It's a small little area that doesn't abide by any of the laws or whatever. | ||
| And I guess you just go in there and then you're, it says now leaving the EU when you walk in. | ||
| And I guess the restaurants there don't pay taxes or something. | ||
| I don't know a whole lot too much about it. | ||
| I've actually been there several times. | ||
| Really cool place. | ||
|
unidentified
|
Huh. | |
| Good, good French fries and schnitzel. | ||
| I think I had schnitzel. | ||
| I can't remember. | ||
| But yeah, it's this cool little place. | ||
| There are people who live there and it's like, um, secessionist anarchist community. | ||
| So it's not tongue-in-cheek they really don't pay business taxes and whatnot? | ||
| That's what I was told. | ||
| There's a skate park there you can just walk in. | ||
| It's like they built a skate park and it's indoor and you just like go in there and skate. | ||
| It's fun. | ||
| And then there's some businesses that operate in there and my understanding is they just tell the government to screw off. | ||
|
unidentified
|
Yeah. | |
| Bunch of houses there. | ||
| Yes, I think, you know, you guys are right that it, in practice, probably instead of like a formal vote and referendum, you know, it'll be more just people just not complying with, you know, local people, especially if they're in rural communities. | ||
| But it's not going along with stuff. | ||
| It's not. | ||
| I don't think it'll be conscious. | ||
| I don't think it's going to be one day someone just goes like, you know what, I hereby decide I'm not going to follow. | ||
| I think one day someone's going to be like, you know. | ||
| There haven't been any feds coming through our part in a long time. | ||
| I haven't seen what they do. | ||
| And you think about it this way, when people just drive cars and they speed. | ||
| Right. | ||
| Everyone speeds five miles over and they're like, I'm not gonna get pulled over. | ||
|
unidentified
|
Anarchy. | |
| Sometimes the cops do. | ||
| But it's because people don't have confidence in the government, the police, to actually be able to stop everyone going five miles over the limit. | ||
| So everybody just does it. | ||
|
unidentified
|
Right. | |
| And then it's safer to go five miles. | ||
| You want to match the speed of all the other cars, even if they're going over the speed limit. | ||
| That's the safest thing you could do is match traffic speed. | ||
| If today every cop said, we're going to pull over anyone going over the limit, they would not change a thing. | ||
| They do not have the manpower to pull over every single car when there is a culture built around going five miles over the limit. | ||
| Yeah, I think if, if say speed limit 60 and everyone's going 85 and you're going 60, you'll get pulled over because you're not, you're not being safe. | ||
| So that's sometimes, but yeah, they could, they could argue. | ||
| You were like, you're putting the traffic at risk because you weren't going to the flow. | ||
| And then you'd be like, they were speeding. | ||
| You know? | ||
| But the point is, it's just people doing it. | ||
| So what happens when one day, you know, people in Texas are like, we always do X. And then the Fed one day is like, you can't do X. They're gonna be like, you can't stop us. | ||
| This is something we always do. | ||
| No one there has faith in the federal government to stop them. | ||
| So they just keep doing it. | ||
| The Feds can't do anything about it. | ||
| Especially desperation. | ||
| If people are unemployed and they're poor and they can't pay things, then they just don't. | ||
| Because they can't. | ||
| Can't means that it is impossible. | ||
| So you could see that. | ||
| You can see like civil disobedience through desperation. | ||
| B. Walsh says, he says, your statement, he says, A. Lee, your statement, I'm not sure who he's referring to, that everything has a label reminds me of a Pirates of Caribbean quote. | ||
| Barbossa said, the world used to be a bigger place. | ||
| And then Jack Sparrow says, the world's the same. | ||
| There's just less in it. | ||
| Interesting. | ||
| There's more people. | ||
| James Lindbergh says FedEx is straight up losing my packages lately. | ||
| Yes, I've said the same thing. | ||
| Have you noticed that? | ||
| FedEx announced they were rerouting 600,000 packages per day due to a driver shortage. | ||
| Yeah. | ||
| So we've had like just tons of stuff that we've ordered just not show up. | ||
| I'm like, yo, I'm not even worried about it because I've been paying attention. | ||
| Everything falling apart already, you know, so I'm just like, yep, you know, it's to be expected, I guess. | ||
| Yeah, I haven't noticed that with FedEx per se, but just lots of things anecdotally. | ||
| Yeah, just you go to the grocery store and there's holes. | ||
| My local grocery store has redesigned itself to be carrying a lot less inventory. | ||
| And I think it was because it just, it jumped out before. | ||
| And so they like got rid of a lot of shelves and whatever. | ||
| So yeah, it, it does look like the economy is retooling itself to get by with fewer workers, like you were saying, with, with the kiosks and whatnot as well. | ||
| I wonder if everyone's going to have their own personal drone that you send out for delivery. | ||
| When you order something, you'll send it and it will go to the place to pick up the thing and bring it back to you. | ||
| Angela McArdle says, Bob, what do people mean when they say they believe natural rights are real? | ||
| Well, I mean, there's a, in the libertarian tradition, there's the tradition of natural law. | ||
| So I think she's saying, as opposed to merely just though it's a consequential or utilitarian thing, that there's a sense in which, no, people really do have these rights. | ||
| And it comes from natural law, whether you believe in God or just the nature of human beings and their essence. | ||
| So I think if someone says that, that what they're trying to stress is Just like 2 plus 2 really does equal 4. | ||
| That's not just a social convention. | ||
| We don't just say that because, you know, the economy grows faster if we all pretend that it does. | ||
| Like, it really does. | ||
| There's an absolute there. | ||
| So I think, if I'm understanding her question, that she's delineating some people believe in rights, like that really is something intrinsic to human beings by their nature, as opposed to this is a fiction, perhaps, or a convention that leads to, you know, things we like. | ||
|
unidentified
|
Yeah. | |
| Tyranus says, who made the painting behind the guest, the canine skull monster? | ||
| That is the Snow White zombie apocalypse art. | ||
| I don't know the artist, but that is a comic series by Brent Lengel that I helped kickstart. | ||
| And there's a couple of them. | ||
| And so we got this big awesome poster. | ||
| I thought it was really cool because I thought it was fun. | ||
| I think the art is fantastic. | ||
| And what you can't see, so most of you can see the creepy G-Prime 85 George Alexopoulos paintings all over the place. | ||
| They're digital, I don't know, they're not paintings. | ||
| But we do have a painting we got of like this cool Aurora Borealis you can't see. | ||
| It's actually maybe... I think it shows up on that one. | ||
| Yeah, you can see it when Ian's sitting in the other chair. | ||
| So we actually have more than just Joe Biden, you know, eating kids or like stealing the blackness from a woman. | ||
| That is our theme, apparently. | ||
| And we're definitely gonna do some more art with the new studio room. | ||
| We're gonna do like a 3D printed Timcast thing. | ||
| That'll be a lot of fun. | ||
| Or maybe resin printed. | ||
| Yeah, all sorts of stuff. | ||
| We can have like a cycling art center that like changes every week or something. | ||
| We're gonna put little shelves with little stuff on it. | ||
| Maybe like the gorillas over there on the shelf. | ||
| Things like that. | ||
| So we have a slightly bigger room in the new studio. | ||
| It's gonna be fun. | ||
| It's actually maybe a little narrower, but a lot larger. | ||
| Well, a little bit longer. | ||
| Yeah, we're in an A-frame. | ||
| That other one has a flat roof, but it's higher. | ||
| But not the A-frame. | ||
| It's not as high as the A-frame. | ||
| Right. | ||
| It'll be interesting. | ||
| It'll be interesting. | ||
| But yeah, check it out. | ||
| It's Snow White Zombie Apocalypse. | ||
| Jay Rich says, buy crypto now or be a slave to those that did. | ||
| Straight up, time is running out. | ||
| Jay Rich, that's financial advice. | ||
| People are gonna now file suits being like, Jay Rich told me to buy crypto. | ||
| No kidding. | ||
| All right, let's see. | ||
| Flying Raptor Jesus says, We don't need secession. | ||
| We need the country ran like it was supposed to be. | ||
| Every state governs itself, and the Fed has no power over them. | ||
| They have too much power, and they make states turn on each other. | ||
| Yeah, the Fed has grown too encumbering, I think. | ||
| You know, when the idea was like a loose federal government, it made sense. | ||
| The states did their thing. | ||
| Now it's just, you know, the federal government is basically the country and no one cares about the states anymore. | ||
| Yeah, just to give people an anecdote of how much, so that's the thing, like people when they, when you learn in school, like about checks and balances, it's always like the federal level, but federalism used to be the big thing, like the difference in what the federal government could do versus the states. | ||
| And just to give a quick example, My understanding is the Eisenhower administration, when they built the interstate highway system, they actually had to defend that by saying, oh, well, if we got invaded, it'd be easier to move troops around. | ||
| So national defense. | ||
| That's how the federal government has the authority to build highways. | ||
| Like that was the level of discussion. | ||
| Whereas later, when someone asked, I don't know if you guys heard this, some reporter from a conservative news site asked Nancy Pelosi, Where in the Constitution does it give you guys the authority to do Obamacare or Affordable Care Act? | ||
| And she said, are you serious? | ||
| Are you serious? | ||
| Like, she thought it was a joke. | ||
| Like, what do you mean, where in the Constitution? | ||
| Like, that was the level. | ||
| The federal government can just do things! | ||
| Right, like the idea that she had to justify, like, no, it's, you know, health care, of course. | ||
| Steven Whedon says, Tim, do you think there will be a solar flare next year? | ||
| I have no idea. | ||
| Is there going to be a solar flare next year? | ||
| There's lots of solar flares all frequently, right? | ||
| Should we build a Faraday cage? | ||
| Big hard ones? | ||
| I thought we were going to build a Faraday cage. | ||
| I don't know where to put it. | ||
| We'll do it at the new place we're building. | ||
|
unidentified
|
Yeah. | |
| We'll build it. | ||
| We should make a science center. | ||
| You know what we should do? | ||
| It should be a Faraday cage with a small Faraday cage inside of it and then a Faraday case cage inside of it. | ||
|
unidentified
|
Oh, yeah. | |
| So in the triple layer Faraday defense, we'll have like a laptop and a cell phone. | ||
|
unidentified
|
Yeah. | |
| Because in the land of the solar flare destroyed computers, the man with a laptop is king. | ||
|
unidentified
|
Hmm. | |
| Sonny James says, Rockefeller once believed oil could cure cancer. | ||
| This robotics of the future proponents think the same thing. | ||
| My thing is we've seen how the state treats non-essential workers already. | ||
| I have no hope for what they do to us when the robots actually take over our jobs. | ||
| Well, haven't you guys played, um, Detroit become human or what it was called? | ||
| Where like the, the robots become sentient and then, you know, they're trying to escape. | ||
| They're being oppressed. | ||
| Alright, let's see. | ||
| Matthew Hasselhorst says, I told the leftist peer at work about Ed Calderon on your show. | ||
| He didn't believe the violence is as bad as it is on the border because Ed is on your right-wing show. | ||
| He says the border is the same under Biden. | ||
| That's just factually not true. | ||
| Yeah, under Trump, it was bad. | ||
| The worst we'd seen in a long time. | ||
| I believe it's substantially worse now, and it was worse sooner. | ||
| Interestingly, under Trump, there was a major spike seeing some of the worst levels of illegal immigration, but Trump was freaking out about it and trying to stop it. | ||
| So at the very least, you could say he had that. | ||
| But with Joe Biden, the surge actually happened earlier, and Joe Biden literally said we should surge the border. | ||
| The people who want to come should. | ||
| I mean, that's a quote. | ||
| We had Alex Jones on the show, and he said it, and we looked it up. | ||
| All right, let's see what we got. | ||
| Wait, what's this? | ||
| Derek Elwell says, did that guy spend $1,200 on three identical superchats? | ||
| Really? | ||
|
unidentified
|
Where? | |
| I want to see that. | ||
| I don't know if I see those. | ||
|
unidentified
|
I don't know. | |
| Yeah, no, that's not, that's not true. | ||
| I think you have incorrect data. | ||
| That'd be great though. | ||
| Everyone give us all the superchats. | ||
| Caleb Goforth says, Hey Ian, I'm from the Youngstown, Ohio area. | ||
| I'm a welder. | ||
| Would be cool to talk about the big resignation of cops in the area and the Rust Belt in general. | ||
| Would also like to give perspective on being mixed in America. | ||
| Interesting. | ||
| Well, um, you check the spin the UFO email, don't you? | ||
| Spin the UFO at gmail.com. | ||
| General show increase in tips. | ||
| All right. | ||
| Brandon McEnn says, Tim, we have, we have to have an open platform solution. | ||
| I work for one of the big IT providers and they're all having integration difficulties. | ||
| Interesting. | ||
| Yeah. | ||
| Fediverse is something we're working on right now and it's coming along swimmingly. | ||
|
unidentified
|
Nice. | |
| I think it's simplicity too. | ||
| It's going to be a lot easier to do. | ||
| It's just about coordinating it at this point. | ||
|
unidentified
|
All right. | |
| Let's see. | ||
| We'll grab a couple more. | ||
| Jack Straw says, ask Bob to do karaoke in a bonus segment. | ||
| Do you sing? | ||
| Yes, I do. | ||
| Oh, really? | ||
| I thought that was maybe like an inside joke or something. | ||
| No, I used to, after like Mises events, we would like take the kids, this is my younger days when I had more energy. | ||
| We'd go out to karaoke bar. | ||
| Oh, okay. | ||
|
unidentified
|
All right. | |
| There you go. | ||
| There's some footage of me on YouTube. | ||
| So yes, I do sing. | ||
|
unidentified
|
Very cool. | |
| Tom Balzer says, Bob, do you plan on moving to Texas or are you a bystander in the secession movement? | ||
| We're actually moving to Florida for family reasons. | ||
| So I did realize that, yeah, if I'm pushing the Texas thing, that's going to sound, but no, I, I still think Texas should secede. | ||
| All right. | ||
| Under 100 calories says Tim. | ||
| Soon with the rising unemployment, it sounds like the plot for Detroit to become human. | ||
| Hey, see, you just brought it up. | ||
|
unidentified
|
There you go. | |
| All right, we'll do, uh, we'll just do, uh, one more. | ||
| Adam V. Artori says, you guys should ADV China on. | ||
| As a guest, they lived in China for a while and have some great insights on China and its government. | ||
| Fear Chinese soft power, not its military. | ||
| And I think that's exactly what we're experiencing. | ||
| Soft power. | ||
| Economic, cultural. | ||
| They're turning our movies into Chinese propaganda. | ||
| I mean, they got it. | ||
| They got our basketball stars, our billionaires all saying, oh, China's great because they're getting value from it. | ||
| That's the weakness in the system. | ||
| There was, I forget the name of the movie. | ||
| There was a movie out recently with, it had Arnold Schwarzenegger and Jackie Chan in it. | ||
| And it was like, you could see, um, you know, some action film, you know, it was a cheesy action film, whatever it was. | ||
| Okay. | ||
| But there were parts where it was clear that the actors had been speaking in Chinese and then they dubbed the U S and so presumably in China they did the reverse. | ||
| So I thought that was a great harbinger of the future of like the melding of, you know, like major blockbusters. | ||
| And that, in other words, like 30 years from now, I think. | ||
| The way right now it's like, oh yeah, America runs the blockbuster enterprise. | ||
| I don't think that's going to be the case anymore. | ||
| Yeah, you're going to watch our movie with English subtitles and it's going to be in Mandarin. | ||
| Exactly. | ||
| And again, some people say, oh, so that's the way, whatever, whether you think it's a good or bad thing. | ||
| I'm just saying, the people who poo-poo, you know, the idea, oh, China's not going to do much. | ||
| Look at their military. | ||
| But you're right. | ||
| They're not going to have to drop. | ||
| They already are buying up. | ||
| They own a lot of the U.S. | ||
| Treasury debt. | ||
| They're buying up real estate. | ||
| So they don't need to come in and drop bombs to, you know, take over in a soft way. | ||
| Yeah. | ||
| Point of thinking that they did this strong, this big flex, like, hey, we're going to ban crypto. | ||
| Didn't even budge the market. | ||
| China, this whole Chinese CCP thing. | ||
|
unidentified
|
Yeah. | |
| All right, everybody. | ||
| Thanks so much for hanging out. | ||
| It's been a blast. | ||
| Make sure you smash that like button. | ||
| Go to TimCast.com. | ||
| Become a member because not only will we have a segment coming up around 11 or so p.m., but we have a massive library of like, Hundreds of segments with all of these different guests. | ||
| Check out the one we did with Alex Jones because that was like an hour and a half long and it was crazy and I have no control over that conversation because he is just, you know, he is a gorilla and he controls the conversation. | ||
| You can follow me personally at Timcast. | ||
| Subscribe to this channel. | ||
| You can follow the show at Timcast IRL. | ||
| Is there anything you want to shout out, Bob? | ||
| I would just point people to my website, consultingbyrpm.com, and that's where you can get access to all my stuff. | ||
|
unidentified
|
Cool. | |
| And people can follow you on Twitter? | ||
| Yep. | ||
| BobMurphyEcon. | ||
| Dude, thanks for coming. | ||
| Dropping the knowledge. | ||
| Oh, sure. | ||
| Thanks. | ||
| This was a blast. | ||
| Thanks for having me. | ||
| Follow me at iancrossland.net. | ||
| Ian Crossland, everyone on social media. | ||
| Thanks. | ||
| Yeah, I really enjoyed this conversation. | ||
| I was a lot quieter than usual because a lot of it was way over my head. | ||
| That's what happens when super smart people come. | ||
| But you guys are more than welcome to follow me on Twitter at Sour Patch Kids. | ||
| We will see all of you in the member segment over at TimCast.com. | ||
| Thanks for hanging out. |
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