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Join us on Now We Consume.

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Take in the knowledge, take in the laughs, indulge in the topics with us.

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The Now We Consume podcast will take you through the parts of your day you normally dread.

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Why suffer through the existential crisis of life alone when you can do it with us?

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And Now We Consume.

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This is not meant to be a conspiracy episode or podcast,

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but we may cover some topics that dance that line like a toddler dances on their mother's last nerve.

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This podcast is Rated "I",  for immature audiences only.

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Hello and welcome back to Now We Consume.

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I am your host, Gibbs, and along with me is my co-host, Pip.

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Hello.

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And today we are talking about the cost of money.

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Now, what that means in this context is more about we're going to talk about the US Treasury

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and kind of the history of the US monetary system,

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as well as the kind of philosophy behind how it's been operating.

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But even more in the context of this podcast is how is that system screwing you over

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and how is the government wasting your money?

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I'll tell you one thing, money doesn't cost anything when you steal it.

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Thank you for that tidbit. Thank you. Helpful tips from Pip.

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Money doesn't cost you anything when you steal it.

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Or when you decide to, you know, hold the rights to print it and do whatever the hell you want.

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Exactly.

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Without any congressional approval, you just do whatever you want.

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Yay.

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If you want to spend money, we print it. It's great.

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Yes.

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So anyways, the history with the US with our monetary system really starts post the revolution.

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The idea is that the Continental Congress got together and said, hey,

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so we decided to have a country, but we have a small problem.

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How the hell do we pay for all the repairs and all the infrastructure work?

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How do we even get this economy thing going?

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Because didn't every state and like province have their own money?

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We'll see that that was one of the issues, but there was no unified currency.

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There were several different states that were issuing their own.

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And really, and something people need to consider is back then, money was a promissory note.

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It is in lieu of gold or equivalent silver, a common everything.

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But usually gold and silver and those precious metals were kind of the coin of the realm.

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So at this point, they're saying, wow, it's a 1790s, you know, after the Articles of Confederation are kind of are signed.

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By the way, I only know all this because of the next history teacher.

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And this is me nerding out on stuff.

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So if you guys want to fact check me on this, if I get something wrong, feel free to in the comments.

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But I'm 99 percent sure I remember all this correctly.

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But it was after the articles tonight. Oh, yes.

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Oh, yes. We're embracing it tonight.

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Even our chromosomes, a nice little hug, but the chromosomes in the bag.

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But my bag is full anyway.

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By the way, this whole discussion that we're going to have tonight came about all because of the comment that was made this past week of Donald Trump, our lovely president, says he wants to get rid of the penny because it costs too much to make.

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And we're going to touch on that whole debacle a little bit later and show why that's actually, while true, probably not the best course of action.

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But this entire tirade that we've got is stemming from just that one comment.

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This entire discussion, because it was something that I had never I really hadn't thought about it before.

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Even I'm aware of the history was like, you know, now that he mentions it, how much does that cost and like, what is the process?

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And so I looked into it, did a little bit of research, remember some history from what I learned.

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We were discussing about it a little bit throughout the week.

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Like, you know what? That this has to be the topic because it's actually far more chin than you think.

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But anyways, so post revolution, our country's trying to figure out how are we going to pay for things?

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How are we going to do stuff? So they said, hey, how about we create an official currency?

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We will go with, you know, our founding fathers and going with some of these people that are influential.

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Mind you, what's actually been on the US dollars and different amounts and everything, that's a whole history into itself,

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especially with how Congress for certain ones would either ratify or be like, OK, you know, we're OK with this being on this bill versus not people being removed and added.

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There's a whole different thing with the coinage and everything.

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But it's more about the fact that they did it to pay the soldiers, the services, the infrastructure so we could establish an official currency.

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Now. The something to consider here is the US dollar was net was not when it first came out.

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It was not something that was highly valued, only really valued within the US.

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And at that time, the only reason why we started to gain influence is because America was one of the only countries that was actively expanding post the 1790s, 18, 1810s, 1820s.

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And we were continually discovering new resource deposits, too.

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Exactly. We quickly became one of the major importers as well as a decent exporter.

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And I in the European influence, I would I would like to use that term because short India at the time with Britain, there was a lot of changes happening there as well as they were suddenly Madagascar.

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And then Australia was becoming a thing. So there were a lot of things outside of Europe.

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Exactly. There were a lot of things outside of Europe, but Europe largely at this point, everyone's kind of settled to where they're going to be.

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And the resources have been found and sure they still have things they can extract and refine.

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But America is the new frontier.

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So really, what helps America at this point is the fact that there's so much untapped resources and untapped land.

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You know, you have all these investors, all these companies pushing to put money into the U.S. and how do they have to deal with the U.S.?

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We're not going to accept the British pound. We just kick those bastards out.

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No, we're accepting the American dollar. So what were they doing?

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They were bringing in gold, silver, precious metals and exchanging it, putting it into banks and exchanging it for that American money.

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Now you're getting to the point where when the slave trade hits its high again, they're exchanging American dollars.

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So there was so much money coming into and out of America that we actually, in a lot of ways, got pretty lucky that we started off so late because quite frankly, we just had so much to barter with.

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We had so much resources and land that while we never we did not become the de facto worldly financial institution, financial power that you see nowadays up until like post World War One, that growth is really what solidified what we became.

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Right. We kind of took advantage of a system that was already in place and just had kind of plateaued a bit.

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Oh, yeah. And we had so much room to grow.

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Yeah. Whereas every other country had really plateaued at this point, and they really couldn't grow anywhere besides with technological advancements and everything else.

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So the one thing that you can't really make you, you can mine new deposits, you can have more people in within your borders and everything, but you cannot make new land.

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We were literally finding more new land and expanding westward at that point.

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Oh, yeah. The Western expansion in America is really what drove that.

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Oh, as well as you can you can talk about to you have the gold rush that happened between that eighteen thirties, eighteen forties to the eighteen sixties, even up until right around that civil war, where we then now as America, people forget that the U.S.

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government at that point then had access to a large amount of gold.

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Now, most economies at this point, these Western economies, the idea was that because that dollar is a promissory note for gold, that means the money had to be backed by gold or precious metals.

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So because we had that gold rush, the U.S. government was able to actually collect and acquire a lot of that to them be backing more gold to then print more money appropriately.

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That's how we're able to fund what's considered history, the Gilded Age of the 1890s, we're able to use massive amounts of money to build the growth, our infrastructure, the Industrial Revolution and and really a lot of that money was then available.

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Not all of it because World War One is a whole nother thing about taxes, but we were able to fund that growth where we could handle the infrastructure increases and advancements going into World War One.

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Now, I thought was oh yes.

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So, the history we have up until World War One is that in that case, the U.S. had tariffs that we were using to collect money, as well as we had business taxes effectively and we had a land tax so they had to own land you paid into that.

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World War One is when we first temporarily established an income tax to fund soldiers and the military and everything to go to war.

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I want to point out as a quick little sidebar.

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That was a temporary tax.

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That was something that was it.

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That was a fair what's common.

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The president just says that this is what it is.

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Exactly.

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Thank you.

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That's a good thing of the word for it and but that was a sorry you go.

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I was gonna say, since we're touching on the president.

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Mentioning the tariffs.

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That's what President Trump is trying to initiate again and getting rid of the income tax to see if we can fund the country.

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Once again via tariffs.

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I don't know that it's possible these days, I think we still have to have probably a minimum or a very minute income tax.

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I for one do not like paying tax on my land anymore.

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It's way too high.

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The tariffs, I think, are a good way to go.

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The business taxes I think are a good way to go.

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If we're going to do that, then it just has to be a flat tax, I believe.

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No write offs, no big deductions.

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Just apply it equally across the board.

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We'll touch more on that later.

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I don't want to take away too much from where you're at right now.

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No, it's okay. That's something later on we do want to touch on the different solutions that we have to these problems.

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Because there's quite a few and even discuss some of the notes and everything.

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But effectively, yes, so it was a temporary order to raise funds for World War I.

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Now, mind you, that was supposed to go away at the end of World War I.

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Ideally, you know, 1917, 1918, originally that was extended for a little bit.

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And then eventually they just they never got rid of it.

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They said, oh, yeah, this is the law.

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And they kept it.

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By the way, same thing with capital gains that came after 1929.

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You know, actually, I think it was like 1934, if I remember correctly, when they first started doing that, as well as when they were breaking up monopolies, they put in the late 20s after the crash.

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I thought so. This this, by the way, this part, I didn't look up.

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I just thought about it.

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If I remember correctly from my history, I could be wrong on this point.

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I will welcome the comments section to correct me on that one.

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But I thought capital gains was post the crash.

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I mean, it makes sense.

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But at the same time, it just seems like an odd time to put it in after watching people jump out windows.

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Well, that's trading one crash for another.

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Oh, yeah. Well, that's what our government does.

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Unfortunately, I hate to say it. We're professionals with that.

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Oh, yeah. But the crash of 1929.

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Is a very influential moment in monetary history because it shows what happens during a bank run where the idea that everybody wants to pull their money out.

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Well, if the banks don't have your money, then effectively there's not enough money to go around and your system is worthless if there's no money in the system.

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Now, we want to keep in mind this is going to be something that comes back up later with U.S. monetary policy.

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In 1929, the idea was your money could be exchanged for the equivalent amount in gold.

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It was still considered a promissory note of the equivalent value.

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Let's fast forward to the Nixon presidency.

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During Nixon's presidency, he got us off the gold standard.

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What that meant was our money was no longer backed by gold.

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Now, after World War One and World War Two, with the massive spread of U.S. influence, both culturally and economically, we thought, hey, America kind of controls the world's oil in either a direct or indirect way.

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We have control over basically the world culture as well as we're the dominant military power.

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America, fuck yeah.

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Good or bad. That was the thought at the time.

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Right.

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So we figured, why not leverage that?

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But the problem is what they did is they found out that within America, we did not have enough gold to back more money that we needed printed to fund our programs.

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You could thank people like Lyndon B. Johnson, a few other people for it, for establishing and actually expanding our entitlement programs so much to where we could not back them up via the money that we were coming in.

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We had to spend more than the money that we were getting in.

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So instead of increasing taxes, they said, hey, why don't we just take us off the gold standard?

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That way we can print whatever we need to.

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Well, now you're getting to the point where a couple things, a couple laws change over time.

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I do not remember the specific year on this one, and someone can please fact check me on this, but I believe right around the same time around the 80s or 90s, we changed from the idea of banking to where a dollar in is basically if you put a dollar into the bank, they invest that money and they keep your money.

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So they always have your principal and they're always investing a little bit.

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Just like your typical checking account or a savings account, you know, you get that half percent or quarter percent or whatever.

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Whereas they change from that to the idea of fractional reserve lending.

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Now this is huge because once the US government could print as much money as they wanted, they realized that, well, the bank doesn't actually have to have the amount of money that they say they have.

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Even if I invest a hundred million dollars in a bank.

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They're allowed to only have 10 percent of that in a liquid asset available to the public.

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So one of the problems that we have nowadays is in most banks, they have more money in the system by a factor of, oh, God, probably 10 times minimum.

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Then what they actually have in liquid assets, because what happens every bank is really just an investing firm. So they're investing to 97 other things.

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And those things are investing that those banks invest in other banks.

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Like, look, what happened last year with several of the banks that closed down, they were invested in by other banks and other banks are invested in by, oh, yeah, BlackRock.

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So it becomes a weird kind of state street.

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Exactly. Those are three names that you need to know.

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Oh, yeah, because they are literally everything.

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If you want to go down the rabbit hole, folks, look up the amount of companies that BlackRock State Street and Vanguard have in other companies.

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They own literally everything.

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Well, what was that famous comedian quote? It's a it's a small club and you're not invited.

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I can't remember the name of the convenience almost only for me, but I believe it is George Carlin.

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Thank you.

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I kept on seeing Richard Pryor and I don't know why that was not the right way, but also another great comedian.

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But yes, so so we're at the point nowadays to where there can't really be a run in the banks because quite frankly, they don't have the money.

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But the same point, it's actually incredibly worse because if everybody were to pull the money out of the banks nowadays, it's hilariously impossible because we printed more money.

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And but what I say by printing more money, I'm not saying by a little bit or by a small bit.

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No, no, no, no, no. See, there there is this lovely website that I wanted everybody to reference called TradingEconomics.com.

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And you can look at what's called the M1, M2 or M3 money supply.

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Why I say this is very important is it gives you a exact idea of just how much money we have printed.

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Now, most people reference the economic world, the M2 money stock with the M2 money supply in during Richard Nixon, during his presidency, we got off the gold standard.

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You were looking at, you know, five hundred billion to a trillion dollars in circulation, depending on what kind of variables you want to look at and where during the presidency.

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Well, what's interesting, if you look at that compared to where we are now at just shy of twenty two trillion dollars in circulation, that means effectively for every dollar that was around 1975, there are twenty dollars out now.

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Gross.

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That means technically without cultural influences, the petrodollar, military might and everything else, you should the dollar should be worth a 20th of what it was.

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At least you know now.

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I will say there are a lot more people in this country, so you can factor in GDP and a few other factors.

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But something to consider is that is done without congressional approval.

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Because to go back to something originally when the US Treasury was set up, it was originally run by the federal government.

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And we do have a treasurer that is appointed.

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However, they are allowed to print without congressional approval, which is something that it's something that's really concerning, at least to me, where the ideas that the US government can print whatever they want, how much they want, whatever their formula is, because I did see online.

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They have a form of how many you have each type of currency they print.

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Right.

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But it does create the issue of number one, for every dollar they print, that means the dollar you currently own is worth a little bit less.

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And number two, it justifies them spending way beyond what their income is.

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So therefore, we're always going to be in debt.

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And we're now hitting I'm just going to go right now live US debt clock.

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And I want to see exactly as of today, get ready for some folks.

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Oh, yeah. Well, here's the crazy part.

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Now, US debt clock.

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I just wanted to give a bit of a primer here.

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It is not 100 percent accurate.

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It's more like 99 percent accurate, 98 percent accurate.

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But it gets you a good idea.

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We are a thirty six and a half trillion dollars in debt or three hundred and twenty three thousand dollars in debt per taxpayer.

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It's only about one hundred and ten to one hundred twenty million taxpayers in the country, which is kind of crazy to think about it.

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But that's another point.

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Or it's one hundred seven thousand dollars a debt per citizen.

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As of today, that number only goes up.

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Wow. So the question then becomes at the end of the day, what in the hell are we doing?

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Because for so long, our economic success has relied on our economic strength, which that's been waning.

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We don't in terms of an industry, we're not really making much in this country.

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We're not exporting much in this country.

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The only thing we're importing are really people or corporate systems like the high end parts of corporate jobs, but not necessarily anything that's producing a physical product isn't really done in the US.

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Our cultural dominance is no longer strong as it used to be.

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There was a time where American culture was accepted in so many countries wanted to be like America.

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Now, I hate to say it, but no, I'm not going to say we're the laughing stock of the world because I feel like that's too extreme either.

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No, we we kind of are in a lot of things.

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Education, overall culture and some other stuff.

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Yeah. Americans are the butt of a lot of jokes and it's well deserved as much as I hate to say that.

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Unfortunately, because I would say previous administrations have squandered what America did so well with because you'd be giving away that money and really our influence as well as and I hate to say on this one, I feel like our military dominance as well as wained.

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Granted, I am not I am not a warmonger type of guy. I don't like wars, stuff like that.

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I'm not into that. But that being said, compared to our relative strength to other countries back in the 90s.

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Sure. Nowadays, wars become more of a scalpel rather than a hammer.

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Don't get me wrong. Yeah, we still are the leading edge in terms of technology.

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But I hate to say it. I don't think a lot of countries are nearly as scared of the US.

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So getting involved as they used to be because of political pressure.

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Let me let me kind of work backwards on that a little bit.

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When it comes to war, no country wants to face us like they might not be so terrified of our military per se, but they don't want to get into a ground offensive on US mainland territory.

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Because then they know they have to face the citizenry.

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Well, yeah, we are. There are far scarier people within the borders of this country than there are in the military. I will tell you that for a fact.

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Uh, we we hold the technological edge on a lot of stuff.

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You don't see a quarter of what we actually have available.

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And there's a good reason for that.

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You know that the the one guy that makes the videos with the faces HLC, the virtual line crosser, he puts out great content and the way he jokes about stuff.

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It's hilarious, but it's true. The the F-22. I mean, nobody wants to have to fight those.

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And there's a reason for that.

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No country has anything that can even really touch it. China, the closest thing they've got is back engineered technology that they stole from us.

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That's all they can do is steal shit and try to make it better. Now props to them because they have done that.

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They have made leaps that from the technology that they've stolen and made better.

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They couldn't have done it on their own.

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They're still on their own. They'd still be 1970s.

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To be fair, though, that is actually a well-known history, weirdly enough, with Asian cultures has been taking American ideas and kind of working backwards and reengineering, redeveloping.

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Yeah. But then on the the deck clock and everything, I did want to ask, how are we looking on the Doge Tracker?

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Well, yes. Rub those hands, beefy boy. Let's sell. Let's get this stuff out.

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I'm not that far.

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But no, no, our debt's beefy. But also the Doge clock. Yes.

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What from now? Now, granted, here's the great assault. I want to say we are still awaiting.

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This is supposed to be coming the next few weeks. We've been a couple of months.

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The official reports of the first reports of what the Department of Government efficiency is going to be coming out with.

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He has been leaking some information talking about the fact that we are wasting hundreds of billions, if not possibly, as I heard over the weekend, even trillions that we have wasted.

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Yeah. To other countries. Now, so isn't he still trying to get audits done to departments that have never had or never passed audits like the Pentagon?

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The Pentagon failed, I think, five or six. They've never passed.

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Yeah, which is insane. Like, don't get me wrong. I understand that some military stuff that they're going to have to like, hey, you know, there's 10 billion dollars that I can't really tell you about.

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If they were able to pass 90, 95 to 99 percent, I'd be like, you know what? Fine. I get it.

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It's part of having it down as black budget cannot discuss, you know, above majestic clearance, whatever, and settle it there.

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Well, from what I heard over the weekend, one of the things that Elon was discussing about was the fact that there was military budgeting set for food and housing that was misappropriated.

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Yeah. And as I wasn't in the military, but I know you would several other people. Let me tell you something.

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That shit gets so abused. It's not even funny. You've got these dudes that hook up with these women who are tri care.

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Chasers. They get with these dudes and they are hooked up for life when they're with them.

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Free medical. Free medical. They don't have to pay for it. We do.

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All these kids, they pop out. All these procedures, they get done. All these meds they need. It's on our dime.

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Yeah, buddy. Don't you love it?

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Don't you just love giving away all that money that we could use to like house people here or give people?

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You know, it's crazy to think about, like, as much as I'm not for free health care, the amount of money that we give away to other countries, it would literally pay it.

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It wouldn't even be a question. If we just built the AmeriCube, we could solve a lot of problems and and just, you know, take care of our own shit.

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But props if you if you get the AmeriCube reference, by the way.

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I will say, though, there is something to be said with with America becoming not more like isolationist, but more America first.

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Yeah, because at least then, like, we take care of the people here.

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But looking at some of the stuff that they've been talking about, the Department of Government Efficiency.

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I mean, holy crap, spending trillions of dollars on other countries health care.

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Oh, yeah. I do want to say one last thing on the whole.

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We can cure homelessness and all that shit. No, we can't.

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And I say that because, yes, we could on paper provide everything needed for anybody who does not have a home or adequate housing.

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And it would not cost that much.

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The issue is there are a lot of people that are living that lifestyle that are choosing to live that lifestyle.

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If they are just given something like that, they either will not use it or they will trash it.

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If they are given financial support, they would use that to obtain drugs and or alcohol and they will kill themselves.

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Now, the dark side of that is that's a problem that will correct itself.

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Well, you're not wrong. I said the bad thing out loud, but it's true.

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As bad as it is, there are people who are in that situation that do not want to be in that situation and they would be helped out tremendously.

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They'd be immensely grateful, I believe.

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But there are people who would just take the money and go and essentially, you know, chemically Kurt Cobain themselves.

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Yeah. Well, it's a sad part with some people are always going to make the choice to be nomadic or be homeless or kind of do their own thing that you can't legislate out of.

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But you know what can if if they just gave people like a magic debit card, essentially, and say here, if you don't want to live in a fixed location, here's the resources.

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Go stay in hotels, get the food you need, get the supplies that care you need and go live your nomadic life as you see fit.

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And you know what the crazy thing is, I'd rather that money go to that person than go to war or other random shit or or study or gender studies in Africa and Madagascar.

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Did you see there's a clip and I want people to search this out. They did a Sesame Street in Iran and Iraq.

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It is it is one of the funniest things I've ever seen in my life. It's terrifying.

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But by God, there were a couple of hilarious in the Elmo character go and like, boom.

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My favorite one I saw was something like that. There was there was like a US a 10 that like that they could hear in the background and they all duck for cover.

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And they come back and like, who he didn't get me. And then apparently a missile comes in and blows up like, oh, no, I didn't miss.

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It's just but it was you know what? I will say at least it was funny.

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Like, I don't agree with obviously what they're saying in terms like other stuff because it was like a video of like Elmo beating a woman or something like that.

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But I'm not agreeing with that right now. But here's the problem. Why the hell are we funding that in the first place?

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Yeah, no, these are oil rich countries. If they want to fund this stuff, they have resources.

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Oh, shit. Again, have you seen AmeriCube? Well, I don't know if you notice I was watching a video last week about how oil is cheaper in some of these countries per gallon than water.

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Even for some countries. Yes. Gas oil. Yeah. Either it is so abundant.

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There are so many places they keep the prices up that they dump it back into the ground in some places just to keep the prices up.

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So I'm sitting there thinking like, not for nothing. You have so much money readily available.

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You can afford your own Sesame Street. Hand puppets are not that expensive. I'm pretty sure they can find fund that.

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I mean, look at countries like Dubai. Yeah, they have air conditioned beaches.

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They literally ran cooling pipes through the sand and some of the beaches so people wouldn't burn their feet.

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That's the kind of money they have there. That's cool.

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Like, don't be wrong. I don't support Dubai because they also still have slavery and other shit there. But like, that's cool.

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That is that is gross amounts of money. And I would I would love to have even just like one percent of it.

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But it does go to show, though, that if you keep, you know, 99 percent of the money for the country, for the citizens that are paying for it, you can do crazy good things.

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Now, don't get me wrong. Dubai also still has legal slavery, which is fucking awful and shouldn't be around. Oh, yeah.

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I'm not I'm not I'm not going for that. But. At the same point, we are giving away more in this country than many European countries GDP.

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And that's the scary part. I just looked down at my notes.

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You were talking about how we left the gold standard because we didn't have enough gold to print an equivalent amount of money that we needed.

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Mm hmm. Why didn't we just do what we do and go and invade and buy or take more gold?

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I mean, it's a legitimate prospect. Yes, we would have just been seen as tyrants, but we already are.

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Well, I think that that's one of the problems where, unfortunately, we have had generations of politicians that used wars to make money through the stocks and investments and embezzling money as we're finding out.

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So it's the case of well, well, let me let me let me finish my point, because there's another point I have to bring up.

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But the issue that we have had for the last really ever since World War Two has been the fact that our politicians have been able to stand on your stocks and trading

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to then bet on these wars and these companies to then make money to do a new war to give a new a new company a contract and keep that cycle going.

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How is it that there are several politicians only make, you know, hundred seventy hundred eighty thousand dollars a year, which is already a lot for what they do.

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Don't get me wrong. But then somehow they're in office for three years now.

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We're 10 million. The math ain't math.

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Number one. Number two, why are they even allowed to do these trades if they have insider information that I think is already a conflict of interest in.

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Regardless, or you make option two available, which is they have to make all trades public within an hour.

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Is that that way? Hey, you know, if you're going to trade with insider information, great.

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I'll just follow your trades because guess what?

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If I had done all the trades that Nancy Pelosi did, then the same hour I too would have had a 55 percent return this year.

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There are apps that you can get that will do that for you.

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Yes, but unfortunately, they every single one of those people wait until the last second to announce that they wait that 90 days.

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Yeah, because they don't want you to make the money.

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They know the more money they make or the less money that you make, the more money they make on those trades, which I hate to say it, but that's the way they're thinking.

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Yeah. But so as much as unfortunately, it would have been nice to have the U.S. economy back American citizens.

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It's been really all about the oligarchs that are in power.

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And the other issue with this is the fact that quite frankly, it gives them control.

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This is a big game and you and I are not in it.

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We are the average people. We're not the ones that are supposed to make money off on all this stuff.

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We're not involved in it. And they know that, oh, yeah, if the economy grew for everybody, it wouldn't grow specifically for them because then they can own the land.

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They can buy stuff.

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And I am not somebody that's against people making a good living and having a great lifestyle.

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My problem, you shouldn't exploit Americans to do that.

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You shouldn't exploit the people that you're supposed to represent.

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That's not OK. Hopefully you're not exploiting anybody.

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That's the goal. But really, your only obligation is to the citizens and the people that you represent.

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You're right. If you're if you're an American politician, your obligation are to the French citizens.

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I'm sorry. But like your government's your problem.

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And looking at French politics, your government's definitely your problem.

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So that's not up to us.

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But yeah, so that's that's been an issue where our government has been outrageously outspending our economy.

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And I have to say, really, ever since Clinton, that's been the issue, regardless of political party, because the political parties be damned.

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It doesn't matter. Everyone's done it since then.

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That's kind of the point where it kind of started to take off and become more publicly acknowledged.

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That this has been the issue. And this is why you see inflation that's so bad today, where typically with economics, the ramifications are never seen in a matter of days or months.

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It's usually years or sometimes decades.

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Look at what happened. One of the greatest examples I can give is the 2008 to 2009 housing crisis.

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Oh, yeah, that's fine. That came about because in the early 2000s, they started saying, hey, give everybody a home.

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It doesn't matter. It's an adjustable rate mortgage. Doesn't matter.

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Oh, yeah. Can they afford to pay it? Doesn't matter.

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But they also put in laws saying that, hey, if you're a certain color, you have to be given incentives to get a home loan because they want to write in an equity rather than looking at it at a merit talk merit talk.

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Sorry, meritocratic basis.

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They said, hey, if you're a certain skin color, you're going to get this home loan, which did not work out well.

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And look at what happened, unfortunately, with the effects of Hurricane Katrina and everything else, where all these people not only do they lose their homes, but they defaulted on the loans that they couldn't afford.

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And there were mass areas of the south.

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They were completely decimated between the housing crisis and the hurricane and a few other economic events that happened.

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It was a shame. That's why those parts of the south are still devastated.

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Even to this day, I was going to say I may be incorrect, but I'm pretty sure there are still spots down along the southern coast that still bear the scars of Hurricane Katrina.

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Oh, yeah. There's actually a fascinating documentary about it. I believe it's on Netflix.

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I don't remember the name of it offhand, but it does talk about the effects of Hurricane Katrina.

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And I hate to say it, a lot of it also like a lot of it was due to the hurricane, but there's so much that happened after the hurricane that had to do just the breakdown of society.

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Yeah. And the mismanagement of resources and FEMA on that one. Oh, God, FEMA.

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FEMA. And that's again another point we're talking about the U.S. Treasury and government efficiency.

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FEMA has been notorious for misusing funds or, quite frankly, for not being that helpful. They want money that we put in the amount of money we give them.

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They are not providing the aid to people that you would think they would.

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We should probably just do like an entire episode on FEMA. Oh, this this is me prepaving that my friend. I've already been working on that.

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You have after after what I've seen after North Carolina. Oh, yeah.

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And also even Hawaii as well, like with Maui that they got nothing as well as even California.

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I would have liked to come on gives they got they got seven hundred dollars each.

378
00:37:29,000 --> 00:37:37,000
Come on now. Oh, that's you know, that that is so much money nowadays.

379
00:37:37,000 --> 00:37:45,000
That's a good. Even since then, I think that's like a whole six hundred and twenty five dollars now.

380
00:37:45,000 --> 00:37:51,000
Oh, sorry. Six twenty four. Yeah. Just keep waiting.

381
00:37:51,000 --> 00:37:58,000
Oh, Jesus. By the way, on inflation, there are adjustment inflation adjustment calculators out there.

382
00:37:58,000 --> 00:38:04,000
You can type in currency amounts for years and compare them to today.

383
00:38:04,000 --> 00:38:14,000
If you look at the difference between even twenty twenty and now, it is a very gross change that you will.

384
00:38:14,000 --> 00:38:20,000
You will put yourself on your ass. You go back another 10 years and it's it's horrifying.

385
00:38:20,000 --> 00:38:26,000
But then you go back to like the 90s. I just read an article and I think I sent it to you,

386
00:38:26,000 --> 00:38:35,000
but it probably got buried everything else I've sent you in order for somebody to live like their parents lived in the 90s or in 1990.

387
00:38:35,000 --> 00:38:44,000
I think it was they have to make one hundred and forty thousand dollars more per one hundred thousand that their parents made in 1990.

388
00:38:44,000 --> 00:38:53,000
Now to live as they did in the 90s. So if your parents made one hundred thousand dollars in 1990,

389
00:38:53,000 --> 00:38:58,000
you have to make two hundred and forty thousand dollars to live the same lifestyle.

390
00:38:58,000 --> 00:39:02,000
And that's my one bake your noodle. Yeah.

391
00:39:02,000 --> 00:39:08,000
And the scary part is because our tax system is based off percentages,

392
00:39:08,000 --> 00:39:11,000
what that means is the more you earn, the less you take home.

393
00:39:11,000 --> 00:39:18,000
So as this inflation goes up, that money that you earn keeps getting put into a higher and higher tax bracket.

394
00:39:18,000 --> 00:39:24,000
So unfortunately, you have to make even more and more and more to get to that same level of income after tax.

395
00:39:24,000 --> 00:39:31,000
So it becomes this issue where this is why I've always been against a progressive tax system, a far more favorable flat tax,

396
00:39:31,000 --> 00:39:39,000
because effectively you do not reap the same rewards as you keep earning more and more.

397
00:39:39,000 --> 00:39:49,000
And it becomes an issue where now when inflation really hits, you have to basically double or triple your earnings.

398
00:39:49,000 --> 00:39:53,000
Something else I want to bring up, too, when you talk about the inflation calculator.

399
00:39:53,000 --> 00:40:01,000
In December of 2019, before covid, there were roughly 15 trillion dollars in circulation.

400
00:40:01,000 --> 00:40:07,000
By April 20, 22, there were 22 trillion. Jesus.

401
00:40:07,000 --> 00:40:21,000
In the span of a couple of years, we printed more money than we printed between 2020 and 2010.

402
00:40:21,000 --> 00:40:29,000
Or to even put it even a little bit more harshly, we did two years of inflation.

403
00:40:29,000 --> 00:40:33,000
What previously was about like seven to ten years. Yeah.

404
00:40:33,000 --> 00:40:38,000
So when people are asking why are things 20 to 40 percent more, even more?

405
00:40:38,000 --> 00:40:43,000
Well, previously, usually two to three percent was typical.

406
00:40:43,000 --> 00:40:49,000
For inflation year over year. Well, right now, year over year, it's been looking like 20 percent.

407
00:40:49,000 --> 00:40:55,000
So basically, after the last few years, you're looking at that 40 to 60 percent, depending on the product, depending on the cost.

408
00:40:55,000 --> 00:40:59,000
Right. That that falls in line with the money supply.

409
00:40:59,000 --> 00:41:05,000
And you wonder why all these investment firms, BlackRock and Vanguard State Street have all this extra money.

410
00:41:05,000 --> 00:41:09,000
Well, because a lot of that money went to them. Yep.

411
00:41:09,000 --> 00:41:22,000
By by the way, when it comes to taxes, it is currently estimated that only 51 percent of actual taxpayers will be paying taxes this year.

412
00:41:22,000 --> 00:41:26,000
This is this is the problem with a progressive tax system.

413
00:41:26,000 --> 00:41:30,000
These are so many ways if you have money to get out of paying taxes.

414
00:41:30,000 --> 00:41:37,000
And there are so many people that because of inflation are going to be earning so little they don't have to pay to where.

415
00:41:37,000 --> 00:41:45,000
The massive burden of taxes falls on the average guys like you and I and probably for most listeners.

416
00:41:45,000 --> 00:41:51,000
So don't you love the fact that we pay more in taxes percentage wise than every Fortune 500 company?

417
00:41:51,000 --> 00:41:56,000
Fun fact, we're actually worse off than people were during the Great Depression.

418
00:41:56,000 --> 00:42:00,000
Yeah. By adjusting for inflation and taxes and everything.

419
00:42:00,000 --> 00:42:04,000
Oh, yeah. And that that's an average income.

420
00:42:04,000 --> 00:42:11,000
Well, the biggest thing is if you look at what percentage of income of the average income it takes to buy a home or a vehicle.

421
00:42:11,000 --> 00:42:14,000
Oh, it's disgusting. It's not even close.

422
00:42:14,000 --> 00:42:20,000
And I guess hold that thought that you just Zoid berg into my head.

423
00:42:20,000 --> 00:42:23,000
Minimum wage. Yeah. OK.

424
00:42:23,000 --> 00:42:26,000
Let me have like a two minute tirade here.

425
00:42:26,000 --> 00:42:40,000
Minimum wage was initially put in place to have the minimum sustainable wage for a single person to be able to afford a home and live a life.

426
00:42:40,000 --> 00:42:46,000
Let me let me take that back. The minimum wage to be able to afford a home.

427
00:42:46,000 --> 00:42:59,000
So when minimum wages were first instituted, they did the calculations that a single person working a full time job at that rate could afford a home.

428
00:42:59,000 --> 00:43:07,000
And now we're at a point where the minimum wage is what? Eight, nine, ten dollars, something like that.

429
00:43:07,000 --> 00:43:10,000
Well, it could be twenty dollars and it wouldn't matter.

430
00:43:10,000 --> 00:43:18,000
I was like, can you afford a home? Can can people even afford rent at that rate? No decent places to live.

431
00:43:18,000 --> 00:43:24,000
But that that's what happens when the when the money's no longer backed by gold, when it's backed by hopes and promises.

432
00:43:24,000 --> 00:43:30,000
That's one of the big differences. Those minimum wage was established back during the gold standard.

433
00:43:30,000 --> 00:43:34,000
And it was not appropriately continued.

434
00:43:34,000 --> 00:43:42,000
So now you've got people saying, oh, minimum wage is just for kids and retirees and all this. No, it really isn't.

435
00:43:42,000 --> 00:43:47,000
It's supposed to be the minimum sustainable wage.

436
00:43:47,000 --> 00:43:57,000
The problem we are always going to have is as long as our money is not backed by something that has value.

437
00:43:57,000 --> 00:44:01,000
We're back solely right now by the idea of the American way.

438
00:44:01,000 --> 00:44:07,000
We are back solely by now by our military might, by the petrodollar, by our cultural influence.

439
00:44:07,000 --> 00:44:13,000
And I will say this literally by the fact that if you don't like what we're doing, we'll kick your ass anyways and make you like it.

440
00:44:13,000 --> 00:44:17,000
But here's the problem is we can't do that anymore.

441
00:44:17,000 --> 00:44:25,000
With all the international pressure, we can't do like operations like Iraqi freedom and the Gulf and stuff like that.

442
00:44:25,000 --> 00:44:29,000
We can't. We just wouldn't be as supported in them.

443
00:44:29,000 --> 00:44:38,000
No, we get into a situation that was similar to what Germany got themselves into in World War Two, where we'd be fighting on too many fronts.

444
00:44:38,000 --> 00:44:42,000
And then we would, you know, not be America anymore.

445
00:44:42,000 --> 00:44:50,000
Well, the problem is because our economy is so heavily dependent on imports and exports because we don't make things here.

446
00:44:50,000 --> 00:44:53,000
We have to be nice with everybody. Correct.

447
00:44:53,000 --> 00:45:02,000
Now, if we switch to a system that benefited American companies being here, we could play hardball because we'd at least have some sort of leverage.

448
00:45:02,000 --> 00:45:07,000
But we don't. Quite frankly, we are reliant on China for almost all of our industries.

449
00:45:07,000 --> 00:45:09,000
China and India. Yeah.

450
00:45:09,000 --> 00:45:16,000
Anything that has to do with electronics, anything that has to do with like plastic parts, aluminum parts, pharmaceuticals.

451
00:45:16,000 --> 00:45:19,000
That's the biggest one. Why we get a lot of our meds from China.

452
00:45:19,000 --> 00:45:21,000
I don't know why we let that happen.

453
00:45:21,000 --> 00:45:27,000
Same thing with as we learned, PPE equipment, all of our masks, everything, a lot of our doctors and hospitals.

454
00:45:27,000 --> 00:45:33,000
Why all of that stuff on for just a security reason isn't made in America. I don't understand.

455
00:45:33,000 --> 00:45:44,000
I would happily give these companies a tax cut if not even a tax write off completely and say, hey, for security reasons, I would rather you guys make the stuff here and just have you guys pay the income tax on it.

456
00:45:44,000 --> 00:45:49,000
That way we would be more of an income. And for security reasons, we have it. We own it. It's our it's our stuff.

457
00:45:49,000 --> 00:45:53,000
Yep. But now because these people want to make money off it.

458
00:45:53,000 --> 00:46:00,000
They want the stock trades. And unfortunately, I hate to say this, but there's not a single politician that cares about you or I.

459
00:46:00,000 --> 00:46:04,000
Not a single one of them say, hey, what were to happen if shit were to hit the fan?

460
00:46:04,000 --> 00:46:10,000
Because, oh, yeah, they have enough money. They have stuff already prepped. They don't care.

461
00:46:10,000 --> 00:46:13,000
They have one of those missile silos that they've turned into a bunker.

462
00:46:13,000 --> 00:46:19,000
Well, even better yet, they're protected enough to where they're already assigned details.

463
00:46:19,000 --> 00:46:23,000
They will. They are already in a situation where they can get to somewhere where they got to be.

464
00:46:23,000 --> 00:46:26,000
I want their funders kids to have.

465
00:46:26,000 --> 00:46:28,000
We'll see. We'll see someday, buddy.

466
00:46:28,000 --> 00:46:33,000
I really want one of those bunkers up that all part of the plan.

467
00:46:33,000 --> 00:46:38,000
But I guess the point I'm getting at here.

468
00:46:38,000 --> 00:46:43,000
Very simply is that every single administration that I can think of after Dwight D.

469
00:46:43,000 --> 00:46:53,000
Eisenhower. Every other administration post World War Two, I don't care which side of the aisle you're on, not a single one of them.

470
00:46:53,000 --> 00:47:03,000
And I will put a caveat besides Trump, because I will say at least statistically he's done some stuff, has cared about the average person's lifestyle.

471
00:47:03,000 --> 00:47:13,000
Not a single one of them, because if they had, they would have been fighting to keep these jobs here in America rather than outsourcing them elsewhere.

472
00:47:13,000 --> 00:47:17,000
They would have been fighting for tax cuts or more efficient government.

473
00:47:17,000 --> 00:47:32,000
They would have been fighting for a better education, not by just throwing money at it, but by saying what are the standards that actually make people more employable, make them better employees, but also more importantly, what makes them more successful at starting their own businesses by having their own business.

474
00:47:32,000 --> 00:47:35,000
Yeah, but that's not the point of education.

475
00:47:35,000 --> 00:47:40,000
But see that see that's the issue though is all this ties together.

476
00:47:40,000 --> 00:47:51,000
Where with this government waste they have regulated to a point of stagnation to where you cannot do anything in this country with all this over regulation.

477
00:47:51,000 --> 00:48:10,000
On on that, if you want to go down the fun rabbit hole look up the Henry Ford and Rockefeller connection when it comes to education and and the founding of schools and the curriculum, because the way kids are taught is not the way kids are supposed to be taught and

478
00:48:10,000 --> 00:48:25,000
we're being taught through the 18 and early 1900s. Once Ford and Rockefeller got their grubby little mitts into everything. It was make them compliant make them good little workers. Don't don't make them free thinkers don't make them inventors.

479
00:48:25,000 --> 00:48:29,000
We don't need that we need factory workers and assembly line workers.

480
00:48:29,000 --> 00:48:37,000
Absolutely. Go down that rabbit hole I highly encourage it, it will piss you off and make you want to rage.

481
00:48:37,000 --> 00:48:45,000
It is that it is that sole education method for why when you look at the Federal Department of Education when we brought it in.

482
00:48:45,000 --> 00:49:02,000
Why our education standards went down drastically to the point to where we went from number one in the world for a while down to God at one point I read room like the 70th or 60th country for a lot for a while in the 20th or 30th we were like below most the European countries.

483
00:49:02,000 --> 00:49:06,000
Yeah, some subjects I think we're barely in the top 100.

484
00:49:06,000 --> 00:49:09,000
It's insane because we throw the most money at kids by a long shot.

485
00:49:09,000 --> 00:49:15,000
Oh yeah, like I read mind you I'm a few years out of date because I haven't been the education field in a while.

486
00:49:15,000 --> 00:49:22,000
But I remember back in 2017 reading that New York City was putting in $17,000 per kid per year.

487
00:49:22,000 --> 00:49:25,000
And they were still.

488
00:49:25,000 --> 00:49:32,000
If they ranked if they ranked in New York as a state as a country in the world list they were like 80th or something or 70th.

489
00:49:32,000 --> 00:49:34,000
It was embarrassing.

490
00:49:34,000 --> 00:49:38,000
But what it goes to show you the problem is not the money.

491
00:49:38,000 --> 00:49:40,000
It's not putting money towards the kids.

492
00:49:40,000 --> 00:49:53,000
It's the curriculums, it's the standards, it's the federal government saying hey, this is what we're demanding these kids to know, and these things that they're trying to have these kids know they're not relevant in the workplace.

493
00:49:53,000 --> 00:50:08,000
So there's going to be a whole education episode because that is something I can rant for hours. But I am glad that there are many parents that have been standing up and saying hey, this wasteful government spending on this needs to stop.

494
00:50:08,000 --> 00:50:12,000
And hopefully these powers can go back to the states.

495
00:50:12,000 --> 00:50:22,000
Hopefully, these states can realize hey we want to be competitive and compete and show what's best for these kids because quite frankly, the US country is so huge.

496
00:50:22,000 --> 00:50:29,000
That these states should be competitive with their education systems and also cater to what they need.

497
00:50:29,000 --> 00:50:40,000
For example, if you live up in Maine, you, you probably don't need to teach your kids farming but if you live out in like Idaho, somebody has to take over those fields somebody has to take over farming.

498
00:50:40,000 --> 00:50:54,000
And I'm not saying to use it just like, oh we need farmers but we number one we do, but there are certain things geographically that change what you should be taught, because you're the area that you live in is very different than other parts of the country.

499
00:50:54,000 --> 00:51:06,000
It's very important. So that's just that that's my two cents on it, but hopefully it stops some of this wasteful government spending and gets people more educated.

500
00:51:06,000 --> 00:51:12,000
Now, on the topic of wasteful government spending.

501
00:51:12,000 --> 00:51:26,000
Again we brought up earlier in this that Trump was saying that it costs three cents or four cents to make a penny. Oh yes, and I actually on stats. Well I put some into in the notes I don't know if you agreed with it.

502
00:51:26,000 --> 00:51:28,000
I looked up some.

503
00:51:28,000 --> 00:51:45,000
You'll see in the bold it's in the white bold, but the. Oh yeah, yeah, the cost to make her on coins. Yes. Yeah, so I have some things to add into that on the flip side of it but yeah go ahead and do this I'll bring up mine because I think you and I have opposing views on this and I want to hear your side in a second.

504
00:51:45,000 --> 00:51:52,000
Oh, it's not opposing at all. It's it's correlating. Oh, okay. It's just on the other side of it. Ah, okay.

505
00:51:52,000 --> 00:52:03,000
So in 2024 the unit costs increase a dime cost 5.76 cents that's fine. It costs half of what it is to make something it's worth 10 cents I'm not I'm okay with that.

506
00:52:03,000 --> 00:52:11,000
The quarter costs about 15 cents, which is fine. I'm a half dollar cost 33 cents again about the same percentage.

507
00:52:11,000 --> 00:52:26,000
And the penny costs about four cents, which that makes sense because there's many other countries that have gotten rid of their pennies. I think it was like Canada got rid of the their pennies as well as a couple of the European countries that got rid of the penny, because it is true

508
00:52:26,000 --> 00:52:31,000
over time things get more expensive and then eventually there's no point in having that denomination.

509
00:52:31,000 --> 00:52:33,000
Correct. If it just doesn't make sense.

510
00:52:33,000 --> 00:52:42,000
Right now, as far as making sense. Here's what I have on that, because you said that it's worth this or it's valued at this.

511
00:52:42,000 --> 00:52:44,000
Okay.

512
00:52:44,000 --> 00:52:48,000
The current nickel

513
00:52:48,000 --> 00:52:52,000
is actually worth in metal content.

514
00:52:52,000 --> 00:52:55,000
Five and a half cents.

515
00:52:55,000 --> 00:52:59,000
That's one reason why it's so expensive to make

516
00:52:59,000 --> 00:53:06,000
the current penny is worth in metal content. As of today,

517
00:53:06,000 --> 00:53:14,000
point zero zero seven dollars. So seven tenths of a penny.

518
00:53:14,000 --> 00:53:22,000
The penny is worth less in metal than face value.

519
00:53:22,000 --> 00:53:28,000
Well, that's sorry, the dime is worth 2.2 cents.

520
00:53:28,000 --> 00:53:31,000
If you want to round it up.

521
00:53:31,000 --> 00:53:33,000
The quarter.

522
00:53:33,000 --> 00:53:37,000
Five point six cents.

523
00:53:37,000 --> 00:53:40,000
The 50 cent piece.

524
00:53:40,000 --> 00:53:42,000
11 cents.

525
00:53:42,000 --> 00:53:46,000
You know the cost of making them is more than just the metal.

526
00:53:46,000 --> 00:53:49,000
Yes, which is the point.

527
00:53:49,000 --> 00:53:52,000
The metal content of these coins

528
00:53:52,000 --> 00:53:56,000
is nowhere near the cost to make them.

529
00:53:56,000 --> 00:54:02,000
So it costs four cents to make something worth seven tenths of a penny.

530
00:54:02,000 --> 00:54:04,000
I wonder. Wait a minute.

531
00:54:04,000 --> 00:54:08,000
I wonder if there's like some government efficiency bullshit going on there.

532
00:54:08,000 --> 00:54:10,000
As somebody

533
00:54:10,000 --> 00:54:12,000
doing some money.

534
00:54:12,000 --> 00:54:14,000
That's kind of what I'm wondering.

535
00:54:14,000 --> 00:54:21,000
I think about that. I think they're they're pushing some some dollars around like that.

536
00:54:21,000 --> 00:54:26,000
The nickel. It takes 15 cents to make a nickel. 14 cents, whatever.

537
00:54:26,000 --> 00:54:29,000
It's worth five and a half cents, dude.

538
00:54:29,000 --> 00:54:31,000
That is 10 cents per coin.

539
00:54:31,000 --> 00:54:32,000
On labor?

540
00:54:32,000 --> 00:54:34,000
No, that's just metal content.

541
00:54:34,000 --> 00:54:39,000
No, but what I'm saying is like if it costs 15 cents to make it and it's five cents worth of material,

542
00:54:39,000 --> 00:54:43,000
that means you're charging 10 cents in labor or something that a machine does.

543
00:54:43,000 --> 00:54:44,000
Exactly.

544
00:54:44,000 --> 00:54:47,000
Yeah, that they make on mass. That does not make sense.

545
00:54:47,000 --> 00:54:49,000
Exactly. That's that's a doge thing.

546
00:54:49,000 --> 00:54:54,000
Pardon the pun. I'm sorry. I'm not. I'm literally not meaning the pun, but I know it's

547
00:54:54,000 --> 00:54:58,000
Wow. The dollar coins.

548
00:54:58,000 --> 00:55:02,000
The second you weas and the presidential dollar coins.

549
00:55:02,000 --> 00:55:06,000
Those are not actually bad. That's only seven cents worth of metal.

550
00:55:06,000 --> 00:55:08,000
Hmm.

551
00:55:08,000 --> 00:55:16,000
I like that we don't have the stats for how much those cost a half dollar at 33 and a half cent or 34 cents to make.

552
00:55:16,000 --> 00:55:23,000
For for the half dollar being 11 cents of metal.

553
00:55:23,000 --> 00:55:28,000
And it's worth 34 cents or cost 34 cents.

554
00:55:28,000 --> 00:55:32,000
That's a three times increase.

555
00:55:32,000 --> 00:55:37,000
Yeah. So I do believe the mints are cooking some books.

556
00:55:37,000 --> 00:55:39,000
Yeah.

557
00:55:39,000 --> 00:55:43,000
So that's what I wanted to add to your to your thing there.

558
00:55:43,000 --> 00:55:50,000
You know, maybe it's because of I I'm mad that I never thought about that.

559
00:55:50,000 --> 00:55:51,000
You're welcome.

560
00:55:51,000 --> 00:55:58,000
Because I didn't consider that the government was fraudulently moving money around like that.

561
00:55:58,000 --> 00:56:00,000
The government would never do anything fraudulent.

562
00:56:00,000 --> 00:56:02,000
Gibbs, come on.

563
00:56:02,000 --> 00:56:08,000
I guess like I guess I just assume that like this is an Excel spreadsheet like A plus B plus equals D.

564
00:56:08,000 --> 00:56:11,000
That's like here's here's the metal cost. Here's the labor cost.

565
00:56:11,000 --> 00:56:13,000
Here's this.

566
00:56:13,000 --> 00:56:19,000
But then who the hell would approve of printing money that costs more money than it's worth?

567
00:56:19,000 --> 00:56:21,000
OK. You want to do some some math here?

568
00:56:21,000 --> 00:56:23,000
Here's one for you.

569
00:56:23,000 --> 00:56:28,000
The nickel costs 14 point.

570
00:56:28,000 --> 00:56:31,000
Where did it go? I just had it.

571
00:56:31,000 --> 00:56:32,000
Help me. Help me.

572
00:56:32,000 --> 00:56:34,000
Gibbs. A 14.68 cents.

573
00:56:34,000 --> 00:56:35,000
OK.

574
00:56:35,000 --> 00:56:41,000
14.68 cents. There were 30 million nickels made last year.

575
00:56:41,000 --> 00:56:49,000
So if you're losing 10 cents on each, you're losing three million.

576
00:56:49,000 --> 00:56:51,000
But who got the three million?

577
00:56:51,000 --> 00:56:55,000
Who got the three million? Mansley.

578
00:56:55,000 --> 00:56:58,000
Where's the three million on the nickels?

579
00:56:58,000 --> 00:57:00,000
Imagine if so. Hear me out.

580
00:57:00,000 --> 00:57:04,000
Imagine if this is all like a Rothschild fricking conspiracy thing of that's how they're making their money.

581
00:57:04,000 --> 00:57:10,000
They just run the U.S. Treasury of the Mint and they're just taking it taking some off the top.

582
00:57:10,000 --> 00:57:12,000
Yeah. Wow.

583
00:57:12,000 --> 00:57:19,000
I mean, there are ways to to slush fund your money around when you are running the slush machine,

584
00:57:19,000 --> 00:57:22,000
especially when there's nobody in the government that really cares enough to look into this.

585
00:57:22,000 --> 00:57:23,000
Nope.

586
00:57:23,000 --> 00:57:27,000
Except apparently Trump and Elon, which.

587
00:57:27,000 --> 00:57:29,000
Hopefully they find something.

588
00:57:29,000 --> 00:57:32,000
They're they're they're exposure exposing a bunch of shit.

589
00:57:32,000 --> 00:57:35,000
You know what? I'm going to call it out and say, say what I think it is.

590
00:57:35,000 --> 00:57:37,000
This one's going to be spicy, but I just got to say it.

591
00:57:37,000 --> 00:57:42,000
If you're against Elon going after government efficiency, why are you hiding money?

592
00:57:42,000 --> 00:57:48,000
Yeah. And this goes out to Maura Healey, the of Massachusetts, that absolute asshole.

593
00:57:48,000 --> 00:57:51,000
I'm going to call you out because I very much dislike you.

594
00:57:51,000 --> 00:57:57,000
The fact that she said, quote unquote, it is not up to the people to know what the government's spending their money on.

595
00:57:57,000 --> 00:57:59,000
Excuse me. No, it actually is.

596
00:57:59,000 --> 00:58:02,000
It's my money, woman. It's mine.

597
00:58:02,000 --> 00:58:06,000
I enforce me being having to pay that I have every right to know where that money's going.

598
00:58:06,000 --> 00:58:09,000
You can't just tell me, oh, you have no right to know where that money's going.

599
00:58:09,000 --> 00:58:12,000
Absolutely. And my other question is, why are you scared, Maura?

600
00:58:12,000 --> 00:58:14,000
Why are you scared, Miss Healey?

601
00:58:14,000 --> 00:58:17,000
Why are you worried that they're going to be looking to your taxes?

602
00:58:17,000 --> 00:58:20,000
You're the one that going after Trump for not releasing his taxes.

603
00:58:20,000 --> 00:58:23,000
Where's your taxes? Where's the tax money, Mansley?

604
00:58:23,000 --> 00:58:26,000
So I just I. You want to see if we can get her on the show?

605
00:58:26,000 --> 00:58:28,000
Oh, yeah. She would love to.

606
00:58:28,000 --> 00:58:31,000
Absolutely. Oh, God. God.

607
00:58:31,000 --> 00:58:34,000
I would destroy her in a debate.

608
00:58:34,000 --> 00:58:40,000
Oh, my God. I have so many questions for that woman that she will never answer.

609
00:58:40,000 --> 00:58:42,000
Right. She's already actively dodging.

610
00:58:42,000 --> 00:58:47,000
But there were so many politicians coming out against.

611
00:58:47,000 --> 00:58:51,000
The auditing of the government, which.

612
00:58:51,000 --> 00:59:00,000
Oh, did you see the thing I showed you or sent you something popped up on a real estate thing for D.C.?

613
00:59:00,000 --> 00:59:03,000
This was the other point I was getting at. The whole area is on sale right now.

614
00:59:03,000 --> 00:59:10,000
So did you guys know that fraud defense lawyers and defense attorneys,

615
00:59:10,000 --> 00:59:17,000
the the search history on Google has spiked to like six or seven times the usual in that area,

616
00:59:17,000 --> 00:59:25,000
as well as 70 percent of all the homes are suddenly up for sale and somehow they're worth millions of dollars on a government salary.

617
00:59:25,000 --> 00:59:28,000
I thought they're hear me out on this back in the 70s and 60s.

618
00:59:28,000 --> 00:59:30,000
I was always told I wasn't around back then.

619
00:59:30,000 --> 00:59:37,000
I was told back then it's like you either take a private sector job or it's higher risk, but you get more money or you go the safe route

620
00:59:37,000 --> 00:59:43,000
and get a government sector job, which you pays less, but you have better benefits and it's a little more secure.

621
00:59:43,000 --> 00:59:47,000
I could be wrong, but that was generally the accepted idea.

622
00:59:47,000 --> 00:59:50,000
Who the hell is working in D.C.

623
00:59:50,000 --> 00:59:55,000
just working for like U.S. aid or something like that or working for the Pentagon or some sort of military thing

624
00:59:55,000 --> 00:59:58,000
and have enough where they can afford million dollar houses.

625
00:59:58,000 --> 01:00:03,000
Yet I'm getting lectured that my money has to go to Ukraine or Africa to teach gender studies or something.

626
01:00:03,000 --> 01:00:07,000
Your money, not not their money. Exactly.

627
01:00:07,000 --> 01:00:12,000
What? No. But also, yes, that's been a very, very big coincidence as well.

628
01:00:12,000 --> 01:00:16,000
Trump said, oh, yeah, all these people that were committing crimes, the part of the FBI and everything.

629
01:00:16,000 --> 01:00:20,000
If you want to go and take your severance, absolutely take the money, leave, be gone.

630
01:00:20,000 --> 01:00:24,000
And then all these homes go up and U.S. defense attorneys starting to pop out of the woodwork.

631
01:00:24,000 --> 01:00:29,000
It's like, wow, gee, what a coincidence.

632
01:00:29,000 --> 01:00:35,000
Maybe they're scared about those audits because they were doing something they weren't supposed to be doing.

633
01:00:35,000 --> 01:00:39,000
How many of you think are going to leave the country to some non-extradition country?

634
01:00:39,000 --> 01:00:42,000
Good. Leave. Be gone. Yeah.

635
01:00:42,000 --> 01:00:47,000
If you if you think committing crimes in the name of the government's OK, I hope you leave. Right.

636
01:00:47,000 --> 01:00:49,000
I'm just saying. And this goes for either party.

637
01:00:49,000 --> 01:00:51,000
Again, I don't I just like the party system.

638
01:00:51,000 --> 01:00:56,000
So anybody that says, oh, you're right wing or oh, you're left wing. Congratulations. You're wrong, too.

639
01:00:56,000 --> 01:01:01,000
No. Absolutely not.

640
01:01:01,000 --> 01:01:05,000
But yes, it's it's insane.

641
01:01:05,000 --> 01:01:12,000
Our our government is insane. But the good news is I think I will not get too much into politics, but

642
01:01:12,000 --> 01:01:18,000
I do like to see the government being held accountable, regardless of either party, regardless of either side.

643
01:01:18,000 --> 01:01:23,000
I would like to see a balanced budget get approved for once.

644
01:01:23,000 --> 01:01:26,000
That'd be nice. That'd be great.

645
01:01:26,000 --> 01:01:28,000
Well, I think hear me out.

646
01:01:28,000 --> 01:01:34,000
So if we can if we can transition now into the tariff discussion, because

647
01:01:34,000 --> 01:01:36,000
I think what Trump is trying to prove is very simple.

648
01:01:36,000 --> 01:01:42,000
Once he finds all this government waste in the realm of trillions of dollars, he can then say, hey,

649
01:01:42,000 --> 01:01:48,000
we don't need the income tax because we've been wasting so much money on other stuff that doesn't need to happen.

650
01:01:48,000 --> 01:01:52,000
So we could save all this money that we could save on your income taxes.

651
01:01:52,000 --> 01:01:58,000
And we can use tariffs as a greater leverage to bring more jobs back to the U.S.

652
01:01:58,000 --> 01:02:08,000
Thus driving the economy more, because the one advantage with tariffs, I will say, is at least you get to choose when you get taxed.

653
01:02:08,000 --> 01:02:14,000
Because unlike with an income tax where it's involuntary, the money is taken from your account, at least for the tariff,

654
01:02:14,000 --> 01:02:17,000
you only pay the taxes when you spend.

655
01:02:17,000 --> 01:02:25,000
So therefore, if you want to avoid the taxes, you can say let's just say if you were going to buy a vehicle and you want to buy like a Jaguar.

656
01:02:25,000 --> 01:02:31,000
If you know you're going to pay that ten thousand dollars on the taxes on that, you could take that same forty grand you have for that car,

657
01:02:31,000 --> 01:02:39,000
invest it for a year, make money on it, and then buy the car and you made money off that money that you invested.

658
01:02:39,000 --> 01:02:41,000
And you could pay the tariff and you still made more money.

659
01:02:41,000 --> 01:02:48,000
It makes investments way more possible in the U.S. because most Americans will save on average, according to the U.S. debt clock,

660
01:02:48,000 --> 01:02:51,000
the average person pays about fifteen thousand dollars a year in taxes.

661
01:02:51,000 --> 01:02:56,000
So guess what? If you're the average taxpayer, that's a fifteen thousand dollar bump, roughly.

662
01:02:56,000 --> 01:03:03,000
Actually, it's probably closer to about ten thousand after property taxes, or in my case, a lot less because my state's bullshit with property taxes.

663
01:03:03,000 --> 01:03:14,000
But even so, a lot of Americans see a huge jump, which means things like 401Ks and Roth IRAs being able to put a lot more money into investments rising.

664
01:03:14,000 --> 01:03:20,000
So I'd be very curious about how many Americans react to say, oh, man, these other products are more expensive.

665
01:03:20,000 --> 01:03:24,000
It's like, well, yes, but you also don't have to buy them.

666
01:03:24,000 --> 01:03:29,000
The inverse will be a lot of companies saying, well, what if we just build everything outside the U.S.,

667
01:03:29,000 --> 01:03:34,000
but just bring it to America and have it assembled here that way it's made in America.

668
01:03:34,000 --> 01:03:41,000
It's like, well, great. That means those companies now have to pay property taxes in America, which generates growth.

669
01:03:41,000 --> 01:03:45,000
That's better. As well as hiring all these people.

670
01:03:45,000 --> 01:03:51,000
And with us having tens of millions of people without a job, that is great.

671
01:03:51,000 --> 01:03:54,000
And one of the biggest driving factors I can think of.

672
01:03:54,000 --> 01:04:03,000
Why do you think in the 1950s and 60s, I have heard numerous times from from from boomers, why is it so hard to get a job?

673
01:04:03,000 --> 01:04:10,000
Just walk in and get one. People forget back then it was so much easier to start a business.

674
01:04:10,000 --> 01:04:15,000
Back then it was a job surplus.

675
01:04:15,000 --> 01:04:19,000
The idea is that there were more jobs than there were people.

676
01:04:19,000 --> 01:04:27,000
So the bargaining power was in the hands of the employee where they could say, hey, I would love to work for you.

677
01:04:27,000 --> 01:04:35,000
But here's my conditions. Whereas nowadays, because it's a worker surplus, most companies will tell you, yeah, I you know,

678
01:04:35,000 --> 01:04:38,000
either you work for me for these conditions or you can go f off.

679
01:04:38,000 --> 01:04:41,000
And that's where people are at right now.

680
01:04:41,000 --> 01:04:50,000
If you want to have a market where things grow to where the worker has any sort of advantage or bargaining power, you want to have that job surplus.

681
01:04:50,000 --> 01:04:57,000
So if you were to do these things between the tariff, which obviously all this is an ideal world, but you have the tariffs to get rid of the income tax.

682
01:04:57,000 --> 01:05:01,000
More people have more money. They can choose whether to invest it or save it.

683
01:05:01,000 --> 01:05:06,000
And more companies can make more profit by operating here in the U.S.

684
01:05:06,000 --> 01:05:09,000
So it's a win win for everybody.

685
01:05:09,000 --> 01:05:16,000
I don't see how you can lose other than by spending too much by having just wasteful spending.

686
01:05:16,000 --> 01:05:26,000
Right. I want to ask when you brought up the the tariff on the stuff that that was mentioned recently.

687
01:05:26,000 --> 01:05:38,000
The aluminum were the two things that stood out as having some tariffs hit recently. Does that mean that the recycling payout on those metals is going to go up now?

688
01:05:38,000 --> 01:05:44,000
Because it's more expensive to import them. So they should be getting recycled more. So they should be paying out more.

689
01:05:44,000 --> 01:05:50,000
I would hope so. That's a benefit too, right? Yeah, I didn't think about that. But yeah.

690
01:05:50,000 --> 01:05:58,000
To be fair, we should probably do more about recycling metals anyway, just in general. But that would be a net benefit. Absolutely.

691
01:05:58,000 --> 01:06:04,000
Especially right now, I think with American, like if you look at scrap value for cars, it's like an all time low.

692
01:06:04,000 --> 01:06:08,000
Like it's nuts. Oh, yeah. But.

693
01:06:08,000 --> 01:06:13,000
Now, having that benefit of being able to leverage these.

694
01:06:13,000 --> 01:06:21,000
Would mean so much, I think, to the American taxpayer, which, yes, in the short term, it would suck for a year or two.

695
01:06:21,000 --> 01:06:30,000
Because for the first couple of years, you guys think, oh, man, until you until you see that tax effect change those first six months, you're going to be like, oh, man, things are more expensive.

696
01:06:30,000 --> 01:06:35,000
Yes, it would suck in the short term, but in the long term.

697
01:06:35,000 --> 01:06:40,000
Imagine the difference. Let's just say the average person makes ten thousand a year more.

698
01:06:40,000 --> 01:06:48,000
Imagine if you split that in half the extra five thousand a year you can save and the extra five thousand you can spend for a lot of people.

699
01:06:48,000 --> 01:06:52,000
That's like what they had changing. Well, that's before covid. Yeah.

700
01:06:52,000 --> 01:07:00,000
That is that difference from before covid. That's the easiest and quickest way for us to get there other than going back to the gold standard and have to somehow come up with a bajillion pounds of gold.

701
01:07:00,000 --> 01:07:11,000
Yeah. But do you think that the overall American public has the patience to wait out that initial more expensive phase?

702
01:07:11,000 --> 01:07:15,000
I mean, people are ready for price deflation like now.

703
01:07:15,000 --> 01:07:18,000
I know. Look at look at grocery prices, dude.

704
01:07:18,000 --> 01:07:22,000
I don't know up in your area. Eggs are still expensive as shit.

705
01:07:22,000 --> 01:07:33,000
And I know that was mostly due to the bird culling that took place during the last couple of months of the Biden administration. And it takes time for egg laying birds to hit, you know, maturity.

706
01:07:33,000 --> 01:07:40,000
So, yes, egg prices will ease, but not until if my math is correct.

707
01:07:40,000 --> 01:07:44,000
Early April, I think you should start to see from May, June. Yeah.

708
01:07:44,000 --> 01:07:53,000
Again, so so full disclosure, I own chickens. I know a little bit about that. I'm not like a commercial chicken farmer, but I understand quite a bit about it.

709
01:07:53,000 --> 01:07:59,000
So unfortunately, it's one of those things where again, neither party's at fault for that. It was a bird flu.

710
01:07:59,000 --> 01:08:05,000
It was really bad. That is unfortunately part of the process where if one bird is infected, one egg is infected.

711
01:08:05,000 --> 01:08:10,000
They have to call the whole group and it spread really quickly throughout the Midwest.

712
01:08:10,000 --> 01:08:14,000
There's nothing really much you can do that happens every five, 10 years or so.

713
01:08:14,000 --> 01:08:19,000
It's just when you have that many animals in smaller spaces like that, it happens.

714
01:08:19,000 --> 01:08:29,000
It's unfortunately more of a factor of large scale mass industries instead of having the lot of more smaller farms that are family farms.

715
01:08:29,000 --> 01:08:36,000
You know, when you have 90 percent of all the chicken in America grown by like three or four companies, this is what's going to happen where it's all centralized.

716
01:08:36,000 --> 01:08:40,000
Instead, it used to be decentralized where a lot of people have local farms and local things.

717
01:08:40,000 --> 01:08:51,000
So it wouldn't affect it as much. So, yeah, it's going to take it takes you about from chicklets or little chicks to them being of age to have eggs.

718
01:08:51,000 --> 01:08:56,000
It's about that three to six month window, depending if they might twenty to twenty eight weeks in it.

719
01:08:56,000 --> 01:08:59,000
Yeah, give or take. It depends on the breed, too.

720
01:08:59,000 --> 01:09:06,000
I know for what they do for the industrial scale, you know, because they only lay eggs for like a year or two to two years, depending.

721
01:09:06,000 --> 01:09:18,000
It's a pretty quick window. But yeah, they're going to need like that three to six months to be able to get up to speed as well as they have to deep clean everything, pull all the manure out, refresh everything.

722
01:09:18,000 --> 01:09:22,000
It's a process to blame either party. I think it's stupid.

723
01:09:22,000 --> 01:09:27,000
Those people are blaming Trump or blaming Biden. That's not either here nor there.

724
01:09:27,000 --> 01:09:33,000
Oh, no, I'm not blaming Biden. No, the the calling just took place during the last bit of his administration.

725
01:09:33,000 --> 01:09:41,000
Yes, but people are trying to say, oh, it was this person or oh, was that person? No, it was just the timing of that bird flu hitting. Oh, yeah, absolutely.

726
01:09:41,000 --> 01:09:48,000
So but it was like right near the end of his administration. So no egg prices will come down.

727
01:09:48,000 --> 01:10:00,000
Unfortunately, neither president has direct control over that outside of if they would say, oh, call all the bird herds right now. That's about the extent of the control they would have.

728
01:10:00,000 --> 01:10:07,000
And if people want to be bad about egg prices, support your local farmers. Yes. Find a local farm that you like.

729
01:10:07,000 --> 01:10:17,000
Support them, buy eggs from them. Sure, they might be more expensive than going to the store, but these number one, you know, where their source and also number two, they are way less likely to have a problem like that.

730
01:10:17,000 --> 01:10:28,000
So support local period. Yes. Find find butchers, find mom and pop shops, find the mom and pop restaurants, go support them.

731
01:10:28,000 --> 01:10:34,000
Forget going to McDonald's and all those other shit restaurants that just feed you chemical meat.

732
01:10:34,000 --> 01:10:39,000
And it might even be a lag grown meat here in the next couple of years if it's not already.

733
01:10:39,000 --> 01:10:49,000
No, thank you. Or in the case of the Japanese inventing or inventor and production place, it could be poo meat.

734
01:10:49,000 --> 01:10:56,000
Have you seen that one Gibbs? They're they're making reprocessed meat out of poop.

735
01:10:56,000 --> 01:11:03,000
Um, I'll say it again. I will eat humans before I eat bugs or poop.

736
01:11:03,000 --> 01:11:05,000
Meat's back on the menu, boys.

737
01:11:05,000 --> 01:11:10,000
Meat will be back on the menu. But more importantly, why have we?

738
01:11:10,000 --> 01:11:14,000
We have enough resources to have enough meat for everybody.

739
01:11:14,000 --> 01:11:18,000
Like, why are they making mean on a poo? That seems so inefficient.

740
01:11:18,000 --> 01:11:24,000
Well, you know, to the great E.M. Malcolm again, they were too busy trying to figure out whether they could.

741
01:11:24,000 --> 01:11:27,000
They didn't stop to think whether or not they should.

742
01:11:27,000 --> 01:11:30,000
You know, I remember I've said this at least like three other episodes.

743
01:11:30,000 --> 01:11:34,000
We just are telling scientists no. Right. Like a really stern no.

744
01:11:34,000 --> 01:11:37,000
This isn't like a oh, please don't know.

745
01:11:37,000 --> 01:11:41,000
This needs to be like a no with a paddle in one hand. Like, no.

746
01:11:41,000 --> 01:11:45,000
Hey, I'm not going to turn this into a paranormal podcast.

747
01:11:45,000 --> 01:11:48,000
But is your house haunted? Mine?

748
01:11:48,000 --> 01:11:51,000
Because I just saw like a white wispy thing behind you.

749
01:11:51,000 --> 01:11:55,000
OK, so we can go on a slight aside on this one.

750
01:11:55,000 --> 01:11:59,000
Number one, please don't mess with me too much as my house was built in 1739.

751
01:11:59,000 --> 01:12:01,000
It's one of the oldest in the country. That's right.

752
01:12:01,000 --> 01:12:04,000
And I have had several of my family members die in this house.

753
01:12:04,000 --> 01:12:09,000
Number two, there's photos of my house going back.

754
01:12:09,000 --> 01:12:12,000
Like paintings, it's an old paintings of my town.

755
01:12:12,000 --> 01:12:15,000
It's an old photographs. I have a lot of stuff.

756
01:12:15,000 --> 01:12:19,000
So with this house, I have to deal with a lot of weird stuff.

757
01:12:19,000 --> 01:12:21,000
Things just happen. OK.

758
01:12:21,000 --> 01:12:25,000
So because I just saw like a little white wispy over your left shoulder.

759
01:12:25,000 --> 01:12:29,000
It didn't have any shape or anything, but it was just like a little there and then gone.

760
01:12:29,000 --> 01:12:32,000
So that's oh, yeah, there's our paranormal aspect for the day.

761
01:12:32,000 --> 01:12:37,000
Oh, so one of these days, if we could do a paranormal podcast, we could do an episode on that.

762
01:12:37,000 --> 01:12:41,000
Well, I want to include some video I can get from this house because.

763
01:12:41,000 --> 01:12:46,000
Yeah, yeah, I've I've had friends when I was younger that stayed over once.

764
01:12:46,000 --> 01:12:49,000
So like never again. No, absolutely not.

765
01:12:49,000 --> 01:12:58,000
So, yeah, I actually you know, a slight aside, I do want to do a deep dive on my own house because my house has some history.

766
01:12:58,000 --> 01:13:01,000
That's actually rather unique, including remember this.

767
01:13:01,000 --> 01:13:04,000
This house was here before this was a country 1739.

768
01:13:04,000 --> 01:13:06,000
So I mean, before we had the revolution.

769
01:13:06,000 --> 01:13:11,000
So it's if this house could speak, it's seen a lot of shit.

770
01:13:11,000 --> 01:13:17,000
Oh, yeah. So what side now that we had that that aside.

771
01:13:17,000 --> 01:13:24,000
Yeah. So here comes the ultimate question from everything we've been discussing.

772
01:13:24,000 --> 01:13:27,000
What should we do? I know we discussed it a little bit.

773
01:13:27,000 --> 01:13:31,000
Build the AmeriCube.

774
01:13:31,000 --> 01:13:37,000
Now, would you like to explain to listeners a little more in detail what you mean?

775
01:13:37,000 --> 01:13:44,000
OK, so the AmeriCube came from an episode of a show called Inside Job animated.

776
01:13:44,000 --> 01:13:48,000
Definitely not for children cartoon on Netflix.

777
01:13:48,000 --> 01:14:03,000
Very first episode, a robot president resembling a bumbling Trump ish type character who short circuited and decided that America was too friendly and needed to go full isolationist.

778
01:14:03,000 --> 01:14:10,000
So he decided to try to build the AmeriCube and isolate all outside influences.

779
01:14:10,000 --> 01:14:20,000
So that's what I'm saying by build the AmeriCube. We just keep to ourselves and tell everybody else, eat shit, deal with your own problems.

780
01:14:20,000 --> 01:14:22,000
In the case of Japan, they are actually eating shit.

781
01:14:22,000 --> 01:14:26,000
So that does tie in very well.

782
01:14:26,000 --> 01:14:31,000
I would definitely say probably not in the literal sense, but more of more of America.

783
01:14:31,000 --> 01:14:37,000
First thing I know I said earlier, but would help in so many ways.

784
01:14:37,000 --> 01:14:43,000
Definitely having better control over our intellectual property in America.

785
01:14:43,000 --> 01:14:51,000
OK, so when when we say America first, I have zero problem with helping other countries out when they need it.

786
01:14:51,000 --> 01:14:57,000
Absolutely. It's when we become their personal wallets that I have an issue.

787
01:14:57,000 --> 01:15:04,000
Yeah. If if we are there to do a job in the country and we destroy buildings and schools.

788
01:15:04,000 --> 01:15:09,000
OK, sure. That's on our dime. We will help rebuild those and get them back up and running.

789
01:15:09,000 --> 01:15:15,000
But if there are people coming behind us and destroy them again, that's on you, my friend,

790
01:15:15,000 --> 01:15:19,000
because you didn't provide the security needed to build to guard.

791
01:15:19,000 --> 01:15:22,000
And then now you're going to have to go in and rebuild that shit.

792
01:15:22,000 --> 01:15:24,000
There was that Wisp again, Gibbs. I'm sorry.

793
01:15:24,000 --> 01:15:27,000
OK, please don't freak me out. I'm sorry.

794
01:15:27,000 --> 01:15:30,000
It's just I don't know if there's like some light shining on your camera.

795
01:15:30,000 --> 01:15:35,000
Also, there are cars passing in front of the camera, so like you'll get all right.

796
01:15:35,000 --> 01:15:37,000
That might be so it is. Yeah.

797
01:15:37,000 --> 01:15:40,000
Is now we be on edge all night only because I've seen some weird stuff.

798
01:15:40,000 --> 01:15:47,000
But I'm sorry. That's OK. Edging is a bad way, not the good way.

799
01:15:47,000 --> 01:15:56,000
But no, I do agree with you that, again, I think is one of the benefits we have to this country with our abundance is I like to help people.

800
01:15:56,000 --> 01:15:58,000
I like to help other countries.

801
01:15:58,000 --> 01:16:06,000
But that being said, there needs to be an agreement there of, hey, we are doing this not out of an obligation, but because we would like to help you.

802
01:16:06,000 --> 01:16:10,000
That being said, that is a two way street, my friend.

803
01:16:10,000 --> 01:16:13,000
If you were going to stab us in the back and we're helping you.

804
01:16:13,000 --> 01:16:19,000
Oh, no, we cut that off. No, we put you on the do not stops. You are on the do not call list.

805
01:16:19,000 --> 01:16:25,000
You are on the hey, I'm sorry for countries burning, but you kind of screwed us over.

806
01:16:25,000 --> 01:16:33,000
And we need to be more realistic about spending money in other countries, especially when we have so many people that are homeless, some people that are dying from health care issues.

807
01:16:33,000 --> 01:16:40,000
So many Americans and veterans that have actually put their lives on the line and we treat them like absolute shit.

808
01:16:40,000 --> 01:16:45,000
Whereas we're getting these other countries so much money and wealth that it's kind of insane.

809
01:16:45,000 --> 01:16:53,000
Like if you look at Ukraine, for example, we gave them well over two hundred billion dollars between the money, military aid and everything else.

810
01:16:53,000 --> 01:16:59,000
I distinctly remember during Trump's first presidency that they said five billion dollars was too much money for a wall.

811
01:16:59,000 --> 01:17:03,000
Now, I don't care if you think the wall would work or not or whatever.

812
01:17:03,000 --> 01:17:07,000
Here's my. Yes. But here's my problem.

813
01:17:07,000 --> 01:17:17,000
Even more simple than that, if we can overnight agree, yes, we're giving Ukraine and Israel these hundreds of billions of dollars.

814
01:17:17,000 --> 01:17:19,000
Why is the money for the wall?

815
01:17:19,000 --> 01:17:23,000
Well, where's the money for border security, even if you don't agree with the wall?

816
01:17:23,000 --> 01:17:27,000
It's where's the money for borders? It's getting hidden in the fucking mint.

817
01:17:27,000 --> 01:17:31,000
OK, where it is, that is a possibility.

818
01:17:31,000 --> 01:17:43,000
But it goes to show a skewing of the U.S. priorities or the government's priorities, where clearly these are issues we could have solved overnight.

819
01:17:43,000 --> 01:17:47,000
Clearly, clearly we had the money because we sent it to them. It's gone. Bye bye.

820
01:17:47,000 --> 01:17:49,000
It's already there. It's gone.

821
01:17:49,000 --> 01:17:59,000
So if we had this whole time, mind you, this is after I will give, you know, Biden.

822
01:17:59,000 --> 01:18:01,000
How should I say this nicely?

823
01:18:01,000 --> 01:18:12,000
I will harshly criticize him for this when he left tens of billions of dollars in military equipment and Middle East when we backed out, as well as all the money we gave to Iran and Iraq over the years,

824
01:18:12,000 --> 01:18:21,000
as well as all the money we gave to Iran, Afghanistan, Ukraine, Israel, where, look, it's one of those things that we had all this extra money to throw around.

825
01:18:21,000 --> 01:18:24,000
We didn't know what to do with it. Like we were like to buy. But the entire country.

826
01:18:24,000 --> 01:18:28,000
Fine. I wouldn't be caring about this. But come on, let's get a price.

827
01:18:28,000 --> 01:18:31,000
A couple of things. Are they going to be paying us back?

828
01:18:31,000 --> 01:18:36,000
No, that's that's one thing that would be they should be because of course they help them out.

829
01:18:36,000 --> 01:18:39,000
So where's the where's the payback?

830
01:18:39,000 --> 01:18:44,000
Secondly, the government can just print money and they do it all the time.

831
01:18:44,000 --> 01:18:48,000
Why do we still have to even pay taxes? And why can't they just print what we owe them?

832
01:18:48,000 --> 01:18:54,000
Well, that's the other question is why why pay taxes when they can just print five, five percent more every year?

833
01:18:54,000 --> 01:18:58,000
Uh huh. And just I mean, it's facetious because that's like infinite inflation.

834
01:18:58,000 --> 01:19:02,000
And then we end up with the Zimbabwe trillion dollar note. Yes.

835
01:19:02,000 --> 01:19:08,000
And a loaf of bread costs five thousand dollars, you know, before you know it. Yes.

836
01:19:08,000 --> 01:19:17,000
But then thirdly, those countries that burn us, we just have to put them on the we will not be trying to reach you about your cars, extended warranty program.

837
01:19:17,000 --> 01:19:28,000
Well, it's I guess it's frustrating because we are continually obligated to help countries that have absolutely no goodwill towards us.

838
01:19:28,000 --> 01:19:32,000
And we can't continue this vicious cycle.

839
01:19:32,000 --> 01:19:40,000
Until to where we fund terrorist organizations, you know, things like ISIS were funded by us, Al Qaeda were funded by us.

840
01:19:40,000 --> 01:19:47,000
And it seems like a lot of people just don't really care because the end of the day, it doesn't really affect their day to day life.

841
01:19:47,000 --> 01:19:55,000
But unfortunately, American money was funded, you know, used to fund things like 9-11, you know, used to fund terrorist attacks in America.

842
01:19:55,000 --> 01:20:02,000
And it's hurt tens of thousands, if not millions of people directly or indirectly.

843
01:20:02,000 --> 01:20:08,000
And that that is our money. Those are our resources. And we should be far more careful with that.

844
01:20:08,000 --> 01:20:11,000
I still want to know how building seven fell.

845
01:20:11,000 --> 01:20:14,000
We're going to do an 11 episode more these days. Yeah.

846
01:20:14,000 --> 01:20:17,000
And then we're going to say we're going to end up on another list.

847
01:20:17,000 --> 01:20:20,000
We're probably on like seven right now. We're probably grow that to at least 20.

848
01:20:20,000 --> 01:20:26,000
And I think that's the point. If anybody wants to think at least how I view America, I will give credit.

849
01:20:26,000 --> 01:20:29,000
I really feel like the first Iron Man movie.

850
01:20:29,000 --> 01:20:41,000
Actually does show kind of how I've always viewed America when it comes to our military industrial complex, where we don't realize just how much money and supplies are going to the people that we've been fighting against and our phone.

851
01:20:41,000 --> 01:20:43,000
It's this vicious cycle.

852
01:20:43,000 --> 01:20:48,000
So until we fix that, this is just going to keep happening.

853
01:20:48,000 --> 01:20:52,000
But it's something that I think we as Americans need to stand up and say, hey, we're not OK with this.

854
01:20:52,000 --> 01:20:55,000
We're not OK with funding all these wars. We're done with it.

855
01:20:55,000 --> 01:21:00,000
Done zero. No.

856
01:21:00,000 --> 01:21:03,000
Yeah, it's it's it's entirely too much.

857
01:21:03,000 --> 01:21:11,000
And when we're fighting ourselves, essentially, that becomes a bigger issue.

858
01:21:11,000 --> 01:21:19,000
So getting on to the next topic here. So the question then becomes a final question.

859
01:21:19,000 --> 01:21:25,000
How do we fix this? What is the easiest way? What is the simplest way?

860
01:21:25,000 --> 01:21:36,000
Now, the obvious option, which is not dead, we already discussed this one, but we can't really return back to the gold standard because there are simply not enough gold.

861
01:21:36,000 --> 01:21:43,000
If you do the calculations, well, there's not a whole lot of our asses and get some asteroid mining going.

862
01:21:43,000 --> 01:21:50,000
We could go and get enough gold. But then we have to spend more money than we have to then get the gold and then back up and spend money to make money.

863
01:21:50,000 --> 01:21:57,000
Gibbs, come on. Yeah. But all I can picture is I'm just going to go like, put it to maximum overdrive.

864
01:21:57,000 --> 01:22:01,000
And they're just printing money out. No, they can't.

865
01:22:01,000 --> 01:22:06,000
But there's no like it would be nice. But no, there's just no there's no way to do it.

866
01:22:06,000 --> 01:22:13,000
Because with our luck, we'd find some new exotic metal out there and it would happen while, you know, Orange Man still in office.

867
01:22:13,000 --> 01:22:17,000
And then we'd have trompey neum on the periodic table.

868
01:22:17,000 --> 01:22:20,000
And suddenly it's worth, you know, fifty thousand dollars a gram.

869
01:22:20,000 --> 01:22:28,000
And we find, you know, a major deposit of it. And he just says, here, every American gets, you know, two grams of trompey neum.

870
01:22:28,000 --> 01:22:33,000
And then we crash the entire world market.

871
01:22:33,000 --> 01:22:39,000
But. I mean, if it gets us out of debt. Yeah, I know.

872
01:22:39,000 --> 01:22:45,000
Oh, speaking of getting us out of debt sidebar, the trillion dollar coins, have you ever done any research on those?

873
01:22:45,000 --> 01:22:54,000
You know, I remember we discussed that one time, just like minting a bunch of trillion dollar coins and just depositing them and then melting them down to say they never existed.

874
01:22:54,000 --> 01:22:59,000
Yeah, that's not going to fly, though. It almost did.

875
01:22:59,000 --> 01:23:04,000
It wouldn't work. I think it was Obama's like the end near the end of his second term.

876
01:23:04,000 --> 01:23:16,000
They were talking about minting trillion dollar coins from the mint, depositing them into I think the Fed or however they handle like the the bank sheet for the country.

877
01:23:16,000 --> 01:23:22,000
And then that would clear off the sheet. But that's not how that works at all.

878
01:23:22,000 --> 01:23:29,000
Well, because it has to be assets attached to that, like they can't just trend, print a trillion dollars and just delete it.

879
01:23:29,000 --> 01:23:35,000
They probably would have held on to them, but they were going to be trillion dollar platinum coins.

880
01:23:35,000 --> 01:23:38,000
But then, like, where does that.

881
01:23:38,000 --> 01:23:41,000
In the most secure vault in the world.

882
01:23:41,000 --> 01:23:45,000
Falls barred.

883
01:23:45,000 --> 01:23:51,000
I know, but the the issue with that is like it just it wouldn't solve the problem.

884
01:23:51,000 --> 01:23:55,000
No, but it would have taken an eight trillion dollar chunk out of the problem.

885
01:23:55,000 --> 01:24:00,000
Yes, but then the inflation alone caused by that long term wise.

886
01:24:00,000 --> 01:24:06,000
Well, yeah, it's an interesting rabbit hole to go down because, yes, it probably would have caused inflation.

887
01:24:06,000 --> 01:24:10,000
But how much that's what they could never figure out.

888
01:24:10,000 --> 01:24:15,000
It was just a little they're literally deleting eight trillion dollars of overhead.

889
01:24:15,000 --> 01:24:17,000
But think about this, because it just got paid off.

890
01:24:17,000 --> 01:24:23,000
Think about this week. We printed five trillion over the course of covid and look at how bad we are right now.

891
01:24:23,000 --> 01:24:27,000
Imagine if they had just done seven trillion in coins.

892
01:24:27,000 --> 01:24:34,000
OK, the caveat to that is the the the debt that was there then is still there now.

893
01:24:34,000 --> 01:24:37,000
So it would be less than it is now.

894
01:24:37,000 --> 01:24:39,000
And I think that's how they were trying to look at it.

895
01:24:39,000 --> 01:24:44,000
Yeah, but then it would have been even imagine if inflation went up right like right now, it's like averaging like 20 to 40 percent.

896
01:24:44,000 --> 01:24:50,000
Imagine it was 60 to 80 percent, especially back then there was a far smaller money supply.

897
01:24:50,000 --> 01:24:53,000
That's like doubling your money supply and then deleting it.

898
01:24:53,000 --> 01:24:56,000
Yeah, like I don't know how that like sure.

899
01:24:56,000 --> 01:24:58,000
Theoretically, maybe nothing could have happened.

900
01:24:58,000 --> 01:25:02,000
I mean, it's it's been too long since I've looked into it.

901
01:25:02,000 --> 01:25:08,000
I don't remember the particulars, but it was an interesting thing to to go down the rabbit hole long.

902
01:25:08,000 --> 01:25:12,000
So if you're still listening to this, I suggest you look into it.

903
01:25:12,000 --> 01:25:16,000
The minting of the trillion dollar coins and everything that would have fallen out from it.

904
01:25:16,000 --> 01:25:18,000
I definitely refer to the discord on that one.

905
01:25:18,000 --> 01:25:21,000
That's something that I'm going to watch and I'll throw in the discord because I'm curious.

906
01:25:21,000 --> 01:25:23,000
That's not something I know a lot about.

907
01:25:23,000 --> 01:25:26,000
Also, did you watch the video I sent you?

908
01:25:26,000 --> 01:25:31,000
I watched about half of that because you sent that to me about half an hour before I got home.

909
01:25:31,000 --> 01:25:34,000
So I'm curious if you want to dive into that one.

910
01:25:34,000 --> 01:25:40,000
So there was a video that came out about 14, 15 years ago called The Day the Dollar Died.

911
01:25:40,000 --> 01:25:49,000
And it kind of goes into the fallout that would happen if the dollar ever stopped being the world reserve currency.

912
01:25:49,000 --> 01:25:55,000
And while it is fiction, of course, and it's highly.

913
01:25:55,000 --> 01:26:01,000
Oh, the words I'm thinking of inflammatory hyperbolic.

914
01:26:01,000 --> 01:26:04,000
Yeah, it's very fictitious with what I saw.

915
01:26:04,000 --> 01:26:12,000
Yeah, but the the structured layout of the events that could foreseeably happen are accurate.

916
01:26:12,000 --> 01:26:18,000
Yeah, at least according to the time that it was made in.

917
01:26:18,000 --> 01:26:25,000
It's terrifying if you just kind of sit there and think about it like, oh, shit.

918
01:26:25,000 --> 01:26:26,000
That could happen.

919
01:26:26,000 --> 01:26:28,000
And what would it do today?

920
01:26:28,000 --> 01:26:36,000
Because that's old enough now that things would move slightly slower and would take slightly longer to disseminate out.

921
01:26:36,000 --> 01:26:42,000
We're we're in the quantum age at this point.

922
01:26:42,000 --> 01:26:44,000
Damn near as scary as that is to think.

923
01:26:44,000 --> 01:26:49,000
And that kind of fallout, I mean, it would be immediate.

924
01:26:49,000 --> 01:26:50,000
Oh, yeah.

925
01:26:50,000 --> 01:26:54,000
So we'll we'll link that video in the discord.

926
01:26:54,000 --> 01:26:59,000
But the day the dollar died worth a watch, I think it's like less than 10 minutes.

927
01:26:59,000 --> 01:27:01,000
Yeah, it was like seven and a half or eight when I saw it.

928
01:27:01,000 --> 01:27:10,000
Yeah. Highly encourage you to watch it and just kind of let it sink in and let it wash over you like a warm bath on a cold night.

929
01:27:10,000 --> 01:27:15,000
And just let it tickle your brain noodle and see how you feel.

930
01:27:15,000 --> 01:27:17,000
That was not a nice tickle with that video.

931
01:27:17,000 --> 01:27:21,000
I have you wrote that that was that was a worrying tickle.

932
01:27:21,000 --> 01:27:23,000
No, that was non-consensual.

933
01:27:23,000 --> 01:27:25,000
I guess it was consensual because I clicked on the video.

934
01:27:25,000 --> 01:27:30,000
But now you told it to you wanted it to be there, Gibbs.

935
01:27:30,000 --> 01:27:31,000
No, no, no.

936
01:27:31,000 --> 01:27:36,000
And it arrived and it was there.

937
01:27:36,000 --> 01:27:37,000
I don't like that.

938
01:27:37,000 --> 01:27:38,000
Oh, I didn't expect that.

939
01:27:38,000 --> 01:27:40,000
No, no, no.

940
01:27:40,000 --> 01:27:41,000
Not on this podcast.

941
01:27:41,000 --> 01:27:48,000
No. But another thing I was thinking about, too, because I know this we've discussed in the past as well.

942
01:27:48,000 --> 01:27:55,000
But you could have a monetary system that's backed by a crypto currency, particularly a block chain type of crypto.

943
01:27:55,000 --> 01:28:08,000
Again, that's also risky because then you would have a lot of fluctuation or a lot of also nobody over the age of like forty five is going to want to participate in that system.

944
01:28:08,000 --> 01:28:10,000
Well, they just don't understand it.

945
01:28:10,000 --> 01:28:11,000
Exactly.

946
01:28:11,000 --> 01:28:14,000
But I'm I'm almost forty four years old.

947
01:28:14,000 --> 01:28:15,000
I barely understand it.

948
01:28:15,000 --> 01:28:21,000
Well, it's the idea of OK, it doesn't exist.

949
01:28:21,000 --> 01:28:26,000
I mean, it's less it's less tangible than our current money system.

950
01:28:26,000 --> 01:28:30,000
I can go to an ATM and get physical dollars out of my bank account.

951
01:28:30,000 --> 01:28:34,000
Yeah, I can't go to an ATM and get physical Bitcoin right now.

952
01:28:34,000 --> 01:28:39,000
No, but I'm not. I'm not saying the money would purely be digital.

953
01:28:39,000 --> 01:28:46,000
What I'm saying is it's backed by a cryptocurrency or a block chain based cryptocurrency.

954
01:28:46,000 --> 01:29:00,000
So effectively, I know the US Treasury back in twenty nineteen, twenty twenty, they were working on a digital US dollar equivalent that was block chain based back when Bitcoin was starting to really go crazy the first time.

955
01:29:00,000 --> 01:29:06,000
This would be a CBDC, if I'm not mistaken, and those were just banned.

956
01:29:06,000 --> 01:29:11,000
Well, see that that I'm curious about how long will that be banned for?

957
01:29:11,000 --> 01:29:18,000
Probably the next three and a half years.

958
01:29:18,000 --> 01:29:20,000
Well, the ish.

959
01:29:20,000 --> 01:29:26,000
Well, you know, this is my curiosity is eventually.

960
01:29:26,000 --> 01:29:30,000
We are going to hit the point where the way inflation is going.

961
01:29:30,000 --> 01:29:44,000
Where it's going to be too expensive to even print to the dollar, the five dollars and the ten dollar eventually physical resources are going to become so expensive and energy will be so cheap that it will be cheaper.

962
01:29:44,000 --> 01:29:48,000
And more sustainable to have everything be digital.

963
01:29:48,000 --> 01:30:07,000
So the question is, will we eventually switch to a block chain based or digital entirely based currency that has a ledger because I will get block chain credit, at least it is more accurate and honest than the US Mint or Treasury because it can be audited.

964
01:30:07,000 --> 01:30:18,000
So as much as I dislike the idea, because I don't freaking trust computers in that system, but but because it could be audited by anybody.

965
01:30:18,000 --> 01:30:20,000
Just let AI run it will be fine.

966
01:30:20,000 --> 01:30:25,000
I hate that. Well, no, no, no, no, no, no, no, no, no, no, sir.

967
01:30:25,000 --> 01:30:29,000
No, you don't have any money in your bank account today.

968
01:30:29,000 --> 01:30:33,000
I'm sorry, Dave, you do not have the social credit score for that ice cream.

969
01:30:33,000 --> 01:30:35,000
Oh, God.

970
01:30:35,000 --> 01:30:40,000
Social credit is one thing that terrifies the hell out of me.

971
01:30:40,000 --> 01:30:44,000
Oh, the credit score alone is already a sham, let alone the social credit score.

972
01:30:44,000 --> 01:30:46,000
Uh huh.

973
01:30:46,000 --> 01:30:49,000
That's something, by the way, fuck the credit system.

974
01:30:49,000 --> 01:30:53,000
I gotta say that whoever invented that's an asshole.

975
01:30:53,000 --> 01:31:05,000
Yeah, because the idea that you can pay 99.9% of your stuff, but if you missed one payment four years ago because you were in the hospital, all of a sudden, wop wop, you can't get over an eight 20 credit score.

976
01:31:05,000 --> 01:31:09,000
It's like, if you man, you know, I'm doing everything else right.

977
01:31:09,000 --> 01:31:14,000
I'm calling from a little personal experience here, but it's like, come on.

978
01:31:14,000 --> 01:31:23,000
Do it and the fact the fact that you have to utilize a certain amount of your income to them pay, but if you don't have enough debt, it goes negatively against you. FF that system.

979
01:31:23,000 --> 01:31:25,000
That's BS.

980
01:31:25,000 --> 01:31:27,000
I hate it.

981
01:31:27,000 --> 01:31:29,000
Yeah.

982
01:31:29,000 --> 01:31:32,000
Whoever designed that system. Why?

983
01:31:32,000 --> 01:31:34,000
But yeah, the social credit.

984
01:31:34,000 --> 01:31:37,000
That's that's something.

985
01:31:37,000 --> 01:31:44,000
I don't think we need to do an episode on that. I think Black Mirror already did a great episode on that.

986
01:31:44,000 --> 01:31:48,000
That was a terrifying episode to watch.

987
01:31:48,000 --> 01:31:51,000
Yeah, it's, it's, it's, it's a good watch.

988
01:31:51,000 --> 01:31:55,000
I think it's like season two, season three.

989
01:31:55,000 --> 01:31:59,000
The cute redhead from Jurassic World is in it.

990
01:31:59,000 --> 01:32:01,000
Okay.

991
01:32:01,000 --> 01:32:08,000
I don't know the actress name on that one, but I can never remember her name either, but she's in that episode of Black Mirror.

992
01:32:08,000 --> 01:32:10,000
I never saw Jurassic World either.

993
01:32:10,000 --> 01:32:16,000
Really? I was never into the Jurassic Park Jurassic kind of who hurt you, Gibbs.

994
01:32:16,000 --> 01:32:18,000
I don't know life.

995
01:32:18,000 --> 01:32:21,000
Clearly the government has my fucking wallet is empty right now.

996
01:32:21,000 --> 01:32:22,000
Like Jesus.

997
01:32:22,000 --> 01:32:24,000
Yeah.

998
01:32:24,000 --> 01:32:26,000
You know, especially when you got a job that's part commission.

999
01:32:26,000 --> 01:32:31,000
I mean, they do. They gobble that up.

1000
01:32:31,000 --> 01:32:36,000
But yeah, no, I never really got to see the like I saw Jurassic Park, but anything pass.

1001
01:32:36,000 --> 01:32:41,000
I never is a double Jurassic World. That's the one with what's his name that play Star Wars.

1002
01:32:41,000 --> 01:32:44,000
Oh, Star Lord. Yeah.

1003
01:32:44,000 --> 01:32:46,000
No, I've heard his name. Chris Pratt.

1004
01:32:46,000 --> 01:32:47,000
Chris Pratt. Thank you.

1005
01:32:47,000 --> 01:32:50,000
Yeah, I never watched that one.

1006
01:32:50,000 --> 01:32:51,000
They're they're not bad.

1007
01:32:51,000 --> 01:32:55,000
I mean, they're, you know, they're they're just push the continued narrative.

1008
01:32:55,000 --> 01:32:56,000
Would you say.

1009
01:32:56,000 --> 01:32:59,000
Another one coming out with Scarlett Johansson.

1010
01:32:59,000 --> 01:33:03,000
OK. You know, my my future wife.

1011
01:33:03,000 --> 01:33:06,000
I'm going to let that pause kind of speak for itself on that one.

1012
01:33:06,000 --> 01:33:12,000
I think I think that pause said enough for the look of.

1013
01:33:12,000 --> 01:33:14,000
Yeah, right on your face. Just said enough.

1014
01:33:14,000 --> 01:33:16,000
Yeah.

1015
01:33:16,000 --> 01:33:19,000
Are you hiding millions of dollars that we're unaware of or?

1016
01:33:19,000 --> 01:33:21,000
No.

1017
01:33:21,000 --> 01:33:25,000
Eat that. Never mind. There's things I can't say in the podcast, but.

1018
01:33:25,000 --> 01:33:29,000
The dog of doom over there, apparently.

1019
01:33:29,000 --> 01:33:31,000
I'm hiding something else.

1020
01:33:31,000 --> 01:33:35,000
No, no, don't don't don't even.

1021
01:33:35,000 --> 01:33:38,000
I do not want to see the dog of doom. I'm good.

1022
01:33:38,000 --> 01:33:43,000
I'm good. Thanks.

1023
01:33:43,000 --> 01:33:46,000
Yeah, no, no, no, no girthquake.

1024
01:33:46,000 --> 01:33:51,000
You could stay over there.

1025
01:33:51,000 --> 01:33:55,000
Keep six feet. Oh, Lord. But.

1026
01:33:55,000 --> 01:33:58,000
Those movies. Would you say that random question?

1027
01:33:58,000 --> 01:34:07,000
Would you say those drastic movies as a remake or continuation are about as good as like the Star Trek remakes that they did in like the late 2000s?

1028
01:34:07,000 --> 01:34:12,000
Like on par ish as good.

1029
01:34:12,000 --> 01:34:16,000
Yeah.

1030
01:34:16,000 --> 01:34:21,000
Yeah, more or less like they're not phenomenal.

1031
01:34:21,000 --> 01:34:24,000
Oh, like they were solid popcorn flicks.

1032
01:34:24,000 --> 01:34:29,000
Okay. I mean, it was loose writing loose concept.

1033
01:34:29,000 --> 01:34:30,000
I mean, okay.

1034
01:34:30,000 --> 01:34:33,000
Dinosaurs on of on a facility get loose.

1035
01:34:33,000 --> 01:34:37,000
You can only push that concept so many times before it gets old.

1036
01:34:37,000 --> 01:34:39,000
Yeah. Like they just never learn.

1037
01:34:39,000 --> 01:34:42,000
They keep doing it and trying it again. Well, they keep making money.

1038
01:34:42,000 --> 01:34:46,000
It's like socialism. We'll do it right this time.

1039
01:34:46,000 --> 01:34:49,000
That's it's dinosaur socialism. That's all it is.

1040
01:34:49,000 --> 01:34:54,000
You know what? That's on a side note, because we're talking about different forms of government monetary theory.

1041
01:34:54,000 --> 01:34:57,000
Every time I ever debate a social. So I was like, yeah, but it wasn't uncorrect.

1042
01:34:57,000 --> 01:34:59,000
It wasn't real socialism.

1043
01:34:59,000 --> 01:35:03,000
It was. If they've tried it somewhere, it was. And it didn't work.

1044
01:35:03,000 --> 01:35:05,000
Learn from history. It does not work.

1045
01:35:05,000 --> 01:35:11,000
Come on. On paper, it sounds great. You know, who wouldn't want to free everything and everyone taken care of?

1046
01:35:11,000 --> 01:35:14,000
It only works on the very small scale.

1047
01:35:14,000 --> 01:35:20,000
Absolutely. But that there's still a capitalistic system that has to survive outside of it.

1048
01:35:20,000 --> 01:35:25,000
Socialism works on a scale of like 20, 30 people running like a local commune kind of thing.

1049
01:35:25,000 --> 01:35:28,000
A hundred, maybe 200 tops.

1050
01:35:28,000 --> 01:35:31,000
I don't even think it would be a very close knit community.

1051
01:35:31,000 --> 01:35:37,000
See, I think it breaks down way, way sooner than that.

1052
01:35:37,000 --> 01:35:41,000
Because then once you get enough freeloaders in the system, the whole thing breaks down.

1053
01:35:41,000 --> 01:35:45,000
Well, that's why I said it has to be a very close knit community.

1054
01:35:45,000 --> 01:35:49,000
I guess it's possible. Like, like I'm totally into I love the concept.

1055
01:35:49,000 --> 01:35:53,000
I did get together a bunch of friends of buying like a big plot of land and like working together, doing stuff.

1056
01:35:53,000 --> 01:35:57,000
But I would not I would not like.

1057
01:35:57,000 --> 01:36:02,000
Get rid of capitalism, absolutely not. No, because my my my.

1058
01:36:02,000 --> 01:36:06,000
It has its faults, but it's so far it's the best option.

1059
01:36:06,000 --> 01:36:10,000
It's the best you've ever had until we reach that Star Trek utopian, which need a replicator.

1060
01:36:10,000 --> 01:36:13,000
That's all we need. We need one. Yeah.

1061
01:36:13,000 --> 01:36:17,000
Oh, you were talking about energy a minute ago.

1062
01:36:17,000 --> 01:36:21,000
Free energy or cheap energy, cheap and abundant.

1063
01:36:21,000 --> 01:36:26,000
If AI has its way, I don't think that we're going to get there soon enough.

1064
01:36:26,000 --> 01:36:32,000
The amount of energy that it's taking to run these AI and data centers.

1065
01:36:32,000 --> 01:36:44,000
We're having to fire up formally decommissioned nuclear plants just to meet the power needs that those are now requiring or going to require.

1066
01:36:44,000 --> 01:36:48,000
Three Mile Island is going to be coming back online here in the next few years.

1067
01:36:48,000 --> 01:36:51,000
What was that? Yes.

1068
01:36:51,000 --> 01:36:59,000
Late last year, I think it was just a fun these these like servers essentially just to fund like AI and data centers.

1069
01:36:59,000 --> 01:37:02,000
Yeah, I think they're going to push some out to the market.

1070
01:37:02,000 --> 01:37:09,000
But yeah, that's at least one of them. You know, I really think it boils down to the matrix was right.

1071
01:37:09,000 --> 01:37:13,000
AI is going to look at us as a really nice battery.

1072
01:37:13,000 --> 01:37:20,000
I mean, possibly. But there are companies that make these modular nuclear reactors.

1073
01:37:20,000 --> 01:37:26,000
They put out, I think, 30 or 300 megawatts. I can remember the zero on them.

1074
01:37:26,000 --> 01:37:29,000
They fit in a shipping container and they're portable.

1075
01:37:29,000 --> 01:37:34,000
Are you telling me I can get a nuclear reactor for personal use?

1076
01:37:34,000 --> 01:37:40,000
Yes. How much? I mean, now the Enron egg, I think, was shown to be a hoax.

1077
01:37:40,000 --> 01:37:45,000
But these are actual portable reactors.

1078
01:37:45,000 --> 01:37:50,000
They can run like a neighborhood or, you know, a small city.

1079
01:37:50,000 --> 01:37:53,000
What kind of cost are you talking about here?

1080
01:37:53,000 --> 01:37:57,000
Because I mean, I mean, Rolls Royce makes them. That's one of the companies.

1081
01:37:57,000 --> 01:38:00,000
Yeah. How have you never shared this with me before?

1082
01:38:00,000 --> 01:38:03,000
Wait a minute. I don't think it ever came up, dude.

1083
01:38:03,000 --> 01:38:06,000
Wait a minute. So so we how?

1084
01:38:06,000 --> 01:38:10,000
Hold on. Hold on. Hold on. This is I'm fucking we're doing it live.

1085
01:38:10,000 --> 01:38:12,000
I'm doing this. Hold on. Sidebar.

1086
01:38:12,000 --> 01:38:15,000
Yes. I need to know this for the sake of the audience.

1087
01:38:15,000 --> 01:38:20,000
We need to figure this out. Personal.

1088
01:38:20,000 --> 01:38:24,000
Personal nuclear. You're going to get something on the Enron egg.

1089
01:38:24,000 --> 01:38:33,000
I bet you. I guess it called SMR, small modular reactors. Yep.

1090
01:38:33,000 --> 01:38:37,000
And they're great because they have a passive safety system

1091
01:38:37,000 --> 01:38:42,000
that prevents a Chernobyl like reaction from going out of out of control.

1092
01:38:42,000 --> 01:38:49,000
If the cooling water is cut off, the control rods fall into place and shut down the reaction.

1093
01:38:49,000 --> 01:38:55,000
The cooling water actually suspends the rods over top to keep the reaction going.

1094
01:38:55,000 --> 01:38:59,000
So it's like water pressure that just pushes them up like a check valve.

1095
01:38:59,000 --> 01:39:02,000
If the water is cut off, the rods fall into place.

1096
01:39:02,000 --> 01:39:06,000
Reaction shuts off. So it's a passive safety system.

1097
01:39:06,000 --> 01:39:10,000
You know, it's crazy. How is this never made national news?

1098
01:39:10,000 --> 01:39:17,000
I don't understand. But out of all companies, West power companies are terrified of this Westinghouse.

1099
01:39:17,000 --> 01:39:21,000
They're offering one. Yeah. It aims to be available in twenty twenty seven.

1100
01:39:21,000 --> 01:39:24,000
Will generate about a third of the power as a flagship one, whatever.

1101
01:39:24,000 --> 01:39:28,000
It could power about three hundred thousand homes.

1102
01:39:28,000 --> 01:39:31,000
Are you kidding me? It costs a billion dollars.

1103
01:39:31,000 --> 01:39:36,000
But I mean, a billion dollars for three hundred thousand homes and you're all set.

1104
01:39:36,000 --> 01:39:39,000
That's that's the city of the future right there.

1105
01:39:39,000 --> 01:39:43,000
You could plop one of those down the middle of Kansas and then do this.

1106
01:39:43,000 --> 01:39:46,000
Mm hmm. OK, OK. We're going to do an episode.

1107
01:39:46,000 --> 01:39:48,000
You're not OK. Your gears are cooking. OK.

1108
01:39:48,000 --> 01:39:50,000
We're going to do what's the episode.

1109
01:39:50,000 --> 01:39:54,000
We're going to do an episode on the future of city planning and development.

1110
01:39:54,000 --> 01:39:59,000
Cities of the future, because that if you can get just a couple of those.

1111
01:39:59,000 --> 01:40:02,000
Two or three of them.

1112
01:40:02,000 --> 01:40:06,000
That that that's power infrastructure or better yet, imagine something like that.

1113
01:40:06,000 --> 01:40:12,000
Again, I'm all for helping other countries, but imagine we just sent a few of those to certain countries that need help.

1114
01:40:12,000 --> 01:40:16,000
And also, if they're portable, why wouldn't we have that for like FEMA?

1115
01:40:16,000 --> 01:40:22,000
Right. So, you know, L.A. just burned to the ground.

1116
01:40:22,000 --> 01:40:26,000
And they want to turn L.A. into a smart city.

1117
01:40:26,000 --> 01:40:33,000
Oh, that's how you do it. Oh.

1118
01:40:33,000 --> 01:40:37,000
I mean, not a bad idea. You do it, buddy.

1119
01:40:37,000 --> 01:40:42,000
Because I've always been pro nuclear as long as it's safe, which it has been for a while.

1120
01:40:42,000 --> 01:40:44,000
And you have the security measures in place.

1121
01:40:44,000 --> 01:40:50,000
Like, there's no reason why not. But that that would be awesome.

1122
01:40:50,000 --> 01:40:54,000
Oh, my God. Now, the ones from like Rolls Royce, they're available and shipping now.

1123
01:40:54,000 --> 01:40:57,000
They're they're on the market. That's incredible.

1124
01:40:57,000 --> 01:41:01,000
And, you know, they're like I said, they're they're shipping container size.

1125
01:41:01,000 --> 01:41:03,000
They're they're kind of all over the place.

1126
01:41:03,000 --> 01:41:07,000
This is so far off topic of the Fed and the money situation.

1127
01:41:07,000 --> 01:41:11,000
But the money that we're wasting could pay for these.

1128
01:41:11,000 --> 01:41:15,000
Think about this. Right. So so. OK. OK.

1129
01:41:15,000 --> 01:41:22,000
Let's do a little bit of math here. If one of those is roughly a billion dollars in power, power three hundred thousand homes.

1130
01:41:22,000 --> 01:41:25,000
How many homes? How many homes in the U.S.?

1131
01:41:25,000 --> 01:41:30,000
One hundred forty five million homes.

1132
01:41:30,000 --> 01:41:38,000
So one hundred and forty five million homes divided by three hundred thousand.

1133
01:41:38,000 --> 01:41:45,000
Four hundred eighty three. That means four hundred and eighty three billion dollars.

1134
01:41:45,000 --> 01:41:49,000
And we solve energy. Thank you.

1135
01:41:49,000 --> 01:41:52,000
I expect the check in the mail. We've solved it, folks.

1136
01:41:52,000 --> 01:41:56,000
That's it for a double what we gave to Ukraine and Israel.

1137
01:41:56,000 --> 01:41:59,000
All of us can have free energy. Yeah.

1138
01:41:59,000 --> 01:42:03,000
What the fuck? Right.

1139
01:42:03,000 --> 01:42:14,000
Hey, since since we saw free energy, let's go ahead and solve retirement and financial security real quick while we still have some time.

1140
01:42:14,000 --> 01:42:17,000
Absolutely. Let's go ahead and toss that out there.

1141
01:42:17,000 --> 01:42:19,000
Since we're talking about money and management. I'm assuming.

1142
01:42:19,000 --> 01:42:23,000
Are you throwing that curve that one to me?

1143
01:42:23,000 --> 01:42:34,000
OK, so I know we probably discussed it on another episode, but if we're talking about we we we touched tips on it.

1144
01:42:34,000 --> 01:42:37,000
This is why I can't bring you out in public. This is why you're online only.

1145
01:42:37,000 --> 01:42:40,000
This is what no one wants to bring me out in public.

1146
01:42:40,000 --> 01:42:55,000
I was I was at an aquarium and I was told that the words that are coming out of my mouth are making people uncomfortable because I said I wanted to belly boop the seahorses because they were they were fat and looked like me.

1147
01:42:55,000 --> 01:42:58,000
All right. That's your choice whether you want to leave that one in the podcast or not.

1148
01:42:58,000 --> 01:43:00,000
I'm going to let you decide on that one.

1149
01:43:00,000 --> 01:43:05,000
But so in talking about government waste and spending.

1150
01:43:05,000 --> 01:43:15,000
Here was another solution I had was and again this this requires people to be a little bit financially responsible for if they want to have a family have children.

1151
01:43:15,000 --> 01:43:21,000
But the idea is this instead of the US government giving you Social Security.

1152
01:43:21,000 --> 01:43:25,000
They go 50 50 on you for the retirement package for a kidney.

1153
01:43:25,000 --> 01:43:27,000
The idea is very simple.

1154
01:43:27,000 --> 01:43:31,000
You put up five or 10 grand. The US government puts up five or 10 grand.

1155
01:43:31,000 --> 01:43:41,000
And you have that account that that's based within a trust fund for that child for when they retire and that's invested in the market.

1156
01:43:41,000 --> 01:43:43,000
Now and this is in place of Social Security.

1157
01:43:43,000 --> 01:43:46,000
This this instead of putting a dime into it.

1158
01:43:46,000 --> 01:43:50,000
That means the US government's putting in five or 10 grand you put in five or 10 grand.

1159
01:43:50,000 --> 01:43:52,000
I'm using that number is a rough idea.

1160
01:43:52,000 --> 01:43:56,000
It really should be 50 50 up to like 30 grand or something like that.

1161
01:43:56,000 --> 01:44:03,000
Do you know if you put in five grand and the government puts a five or 10 grand total by the time they retire be worth one point five million.

1162
01:44:03,000 --> 01:44:05,000
That means.

1163
01:44:05,000 --> 01:44:08,000
And that's not getting touched. That's never adding to it.

1164
01:44:08,000 --> 01:44:19,000
Exactly. That is that one time investment because with the power of compounding interest by the time they are 20 years old 21.

1165
01:44:19,000 --> 01:44:22,000
That'll already be worth 80 grand.

1166
01:44:22,000 --> 01:44:27,000
$80,000 to put in someone's retirement at that age by the time they retire. That's gonna be worth about one point five million.

1167
01:44:27,000 --> 01:44:32,000
Do you know how insane that is for most people that they've never even come close to that.

1168
01:44:32,000 --> 01:44:39,000
Do you know the amount of people I know that probably retire with like $300,000 in their account three or four hundred thousand sometimes even 200,000 and they scrape by.

1169
01:44:39,000 --> 01:44:42,000
And I know it's tough and that that really sucks.

1170
01:44:42,000 --> 01:44:48,000
But you know imagine I could that could transform the US government by saying you know what we're just not going to do Social Security.

1171
01:44:48,000 --> 01:44:52,000
All you have to do is save up five grand.

1172
01:44:52,000 --> 01:44:54,000
Before you have your kid.

1173
01:44:54,000 --> 01:44:56,000
The US government matches you want it.

1174
01:44:56,000 --> 01:45:00,000
And now you know that kid will be fine.

1175
01:45:00,000 --> 01:45:02,000
You do that for two generations.

1176
01:45:02,000 --> 01:45:06,000
America will be by far the wealthiest country in the world and it will not even be a contest.

1177
01:45:06,000 --> 01:45:14,000
It would be incredible having a couple of generations of kids that know we never have to worry about retirement.

1178
01:45:14,000 --> 01:45:24,000
But also could benefit and give that some of that income to their grandchildren or their great grandchildren set them up for success.

1179
01:45:24,000 --> 01:45:33,000
And on the flip side instead of paying out Social Security taxes and everything you could just put that money into it and let it grow with it.

1180
01:45:33,000 --> 01:45:36,000
You wouldn't even have to do it for your full working time.

1181
01:45:36,000 --> 01:45:43,000
You could choose like a five or ten year period when you're making the most money in your life and contribute the most and get the most out of it.

1182
01:45:43,000 --> 01:45:53,000
And think about this. That means all the money you do invest will grow doubly more because the US government is now investing so much more into these sectors in these areas.

1183
01:45:53,000 --> 01:46:01,000
So all of a sudden now all of your investments grow tremendously.

1184
01:46:01,000 --> 01:46:08,000
It's a lot to but the issue is there are so many politicians and whatnot that use Social Security as a slush fund.

1185
01:46:08,000 --> 01:46:11,000
They won't give that up.

1186
01:46:11,000 --> 01:46:19,000
It's very unfortunate. So when Social Security was initially set up it was set up to not be a slush fund but rather an account that you couldn't touch.

1187
01:46:19,000 --> 01:46:23,000
However I believe it was back during the 60s. I believe it was Lyndon B. Johnson.

1188
01:46:23,000 --> 01:46:28,000
I could be wrong. Well they changed it over into a slush fund because they had money they needed to acquire again.

1189
01:46:28,000 --> 01:46:31,000
That was before we got rid of the gold standard.

1190
01:46:31,000 --> 01:46:40,000
So they needed some extra funds. So by doing so and just saying hey you know because this is going to be an entitlement program we got to be able to put money in and take money out.

1191
01:46:40,000 --> 01:46:42,000
So it should be accessible.

1192
01:46:42,000 --> 01:46:46,000
There's a reason why Social Security is going to be insolvent the next five or 10 years.

1193
01:46:46,000 --> 01:46:53,000
It's because of that and because quite frankly we have an inverted pyramid right now where there are so many more people retiring than there are working.

1194
01:46:53,000 --> 01:47:05,000
Hence a country of 300 not only that but the Social Security program was set up when life expectancies were what five to eight years beyond retirement.

1195
01:47:05,000 --> 01:47:12,000
Yeah. So Social Security was only expected to pay out for five six seven eight years up to 10 years tops.

1196
01:47:12,000 --> 01:47:22,000
Yeah not 30 years. Well we'll think about it back then people were tired at like 62 when it was set up and they were living to be about 74 72 74 somewhere in there.

1197
01:47:22,000 --> 01:47:25,000
Even 70s were considered pretty common.

1198
01:47:25,000 --> 01:47:30,000
Whereas now people are retiring at 65 68 and they're living into their 80s or even 90s.

1199
01:47:30,000 --> 01:47:35,000
The average age of death in America I believe even during COVID was about 78.

1200
01:47:35,000 --> 01:47:41,000
And you might think oh it's only a few years. Yeah but monetarily especially with inflation everything else growing.

1201
01:47:41,000 --> 01:47:52,000
That it's a lot of money quickly goes and unfortunately there's a lot of Americans and I hate to say it but a lot of people that were never raised on how to handle finances and it is a full time job.

1202
01:47:52,000 --> 01:48:01,000
It's very difficult. I've been lucky that I've been able to spend a lot of time studying and learning and I've been able to figure this stuff out and I've had some good people around me.

1203
01:48:01,000 --> 01:48:15,000
A lot of great friends and family that be able to help me out with this kind of stuff to learn it but that's something I'd like to share with a lot of people were a little bit of planning can set your family up a generational wealth where unfortunately you'll never see that wealth doing a plan like this.

1204
01:48:15,000 --> 01:48:32,000
But you will be your family will be able to enjoy the shade of a tree that you unfortunately never get to. But that also means you will never have to worry about it because they will be beyond set up because imagine how many people do you know of that you know when they retire going to 1.5 million.

1205
01:48:32,000 --> 01:48:43,000
And for people to consider because I happen to know some of the stuff because I do investments for every 250,000 if you're investing in the market right now you get roughly about $1200 a month.

1206
01:48:43,000 --> 01:48:56,000
So that right there just off the interest you're looking at $78,000 a month off that money. Wow. That's just in the interest without touching the principal and that's also investing a little bit in the principal only talking like 100 bucks a month or something.

1207
01:48:56,000 --> 01:49:16,000
So 1200 a year back into it. So that's what it's still growing. For most people, that is a life changing amount of money, especially now here's consider this imagine if your entire working life. You could keep the money from Social Security and not having to put in your 401k.

1208
01:49:16,000 --> 01:49:31,000
Oh yeah, that's an extra two to $500 a month $600 a month and imagine cases in some cases that per paycheck that yeah and doing what you're making imagine employers not having to pay that because they also have to pay payroll tax.

1209
01:49:31,000 --> 01:49:49,000
And the match so I mean it's it's something to where they'd be able to afford to pay you more, and you would have to pay less. So, it is something to consider but that does mean the average person the average family would have to be more financially responsible and put up that money before they have a child.

1210
01:49:49,000 --> 01:49:53,000
Yeah, so it is something to consider.

1211
01:49:53,000 --> 01:49:54,000
Yep.

1212
01:49:54,000 --> 01:50:07,000
But that that was my two cents on how to, how to fix the US economy on on that front anyway. Unfortunately you can't like legislate that be like hey you have to have this kind of money.

1213
01:50:07,000 --> 01:50:21,000
I mean you, you could kind of put some things in place to kind of ease that along like getting into a GIMP suit you just kind of take your time and make sure that it's done right.

1214
01:50:21,000 --> 01:50:25,000
But you can, you can make it happen.

1215
01:50:25,000 --> 01:50:30,000
For the audience to understand I'm giving him a very very unhappy face.

1216
01:50:30,000 --> 01:50:33,000
Or using that as an example.

1217
01:50:33,000 --> 01:50:35,000
No.

1218
01:50:35,000 --> 01:50:39,000
And honestly, I don't think 90% of us can relate.

1219
01:50:39,000 --> 01:50:45,000
Because I don't think most people get into those are these probably not. It's God I hope not.

1220
01:50:45,000 --> 01:50:46,000
Yeah.

1221
01:50:46,000 --> 01:50:49,000
But to each their own whatever you're into, whatever you're into bro.

1222
01:50:49,000 --> 01:50:52,000
We're not here to shame.

1223
01:50:52,000 --> 01:50:57,000
But I think we should probably go ahead and wrap this up we've been here for almost two hours.

1224
01:50:57,000 --> 01:50:59,000
What? No we haven't.

1225
01:50:59,000 --> 01:51:01,000
No we oh my.

1226
01:51:01,000 --> 01:51:03,000
Oh my.

1227
01:51:03,000 --> 01:51:05,000
Wow.

1228
01:51:05,000 --> 01:51:08,000
Alright sorry about that folks I kind of let.

1229
01:51:08,000 --> 01:51:09,000
When the tism hits.

1230
01:51:09,000 --> 01:51:10,000
Hey.

1231
01:51:10,000 --> 01:51:12,000
You lose track of time.

1232
01:51:12,000 --> 01:51:17,000
You ain't wrong.

1233
01:51:17,000 --> 01:51:21,000
We definitely want to say thank you all for for listening and participating.

1234
01:51:21,000 --> 01:51:24,000
Really appreciate we've been loving all the feedback we've been getting lately.

1235
01:51:24,000 --> 01:51:27,000
I really appreciate the viewership taken off.

1236
01:51:27,000 --> 01:51:28,000
We're very.

1237
01:51:28,000 --> 01:51:29,000
We.

1238
01:51:29,000 --> 01:51:30,000
Yeah.

1239
01:51:30,000 --> 01:51:32,000
We broke 500 downloads.

1240
01:51:32,000 --> 01:51:33,000
Yeah.

1241
01:51:33,000 --> 01:51:35,000
Just a couple days ago.

1242
01:51:35,000 --> 01:51:39,000
So that was a milestone that we did not think we would hit this fast.

1243
01:51:39,000 --> 01:51:42,000
It does not sound like a lot but it actually is.

1244
01:51:42,000 --> 01:51:46,000
Considering that that happened around 10 episodes.

1245
01:51:46,000 --> 01:51:48,000
So that's incredible.

1246
01:51:48,000 --> 01:51:50,000
So honestly thank you guys.

1247
01:51:50,000 --> 01:51:52,000
We really appreciate it.

1248
01:51:52,000 --> 01:51:59,000
And for a little little podcast that we're just doing this to have some fun to talk about some stuff to learn and share some information.

1249
01:51:59,000 --> 01:52:01,000
I've been super thrilled about it.

1250
01:52:01,000 --> 01:52:02,000
I know you have to.

1251
01:52:02,000 --> 01:52:05,000
And we're very excited for the future holds.

1252
01:52:05,000 --> 01:52:14,000
Especially where we're hoping to include some new things and to branch out and start doing some more as time goes.

1253
01:52:14,000 --> 01:52:19,000
If if things go well next week we'll have a little surprise for everyone.

1254
01:52:19,000 --> 01:52:21,000
So it'll be a new chapter.

1255
01:52:21,000 --> 01:52:22,000
Put it that way.

1256
01:52:22,000 --> 01:52:26,000
A new exciting chapter that could get us in trouble.

1257
01:52:26,000 --> 01:52:30,000
But we like trouble.

1258
01:52:30,000 --> 01:52:33,000
We are the trouble and trouble like us.

1259
01:52:33,000 --> 01:52:34,000
Yeah.

1260
01:52:34,000 --> 01:52:38,000
Well a little bit.

1261
01:52:38,000 --> 01:52:41,000
But just want to say thank you all seriously for being here.

1262
01:52:41,000 --> 01:52:47,000
Make sure to check out all of our socials you know Instagram Tick Tock YouTube.

1263
01:52:47,000 --> 01:52:50,000
Especially the the ones that have the reels.

1264
01:52:50,000 --> 01:52:52,000
We're going to start.

1265
01:52:52,000 --> 01:52:55,000
I hope getting the reels put out this this week.

1266
01:52:55,000 --> 01:52:56,000
That's my fault.

1267
01:52:56,000 --> 01:52:57,000
I've been slacking.

1268
01:52:57,000 --> 01:52:58,000
I will hold my hand up on that one.

1269
01:52:58,000 --> 01:53:00,000
You've been busy.

1270
01:53:00,000 --> 01:53:02,000
Yet life life has been kind of bitch slapping me.

1271
01:53:02,000 --> 01:53:04,000
Life made you a fleshlight.

1272
01:53:04,000 --> 01:53:05,000
So yeah.

1273
01:53:05,000 --> 01:53:06,000
Yeah.

1274
01:53:06,000 --> 01:53:07,000
It's you know what though.

1275
01:53:07,000 --> 01:53:11,000
Things are going back to normal and I appreciate it.

1276
01:53:11,000 --> 01:53:12,000
Yes.

1277
01:53:12,000 --> 01:53:14,000
Not a new normal but like an actual normal.

1278
01:53:14,000 --> 01:53:16,000
It's been nice.

1279
01:53:16,000 --> 01:53:24,000
But yeah I would like to get back into you know posting stuff on the regular doing some more as well as interacting with people more.

1280
01:53:24,000 --> 01:53:27,000
You know so that that is definitely on our radar.

1281
01:53:27,000 --> 01:53:31,000
It's just also one of those things where I ever since covid I really kind of stepped away from social media.

1282
01:53:31,000 --> 01:53:36,000
So now that I get back into it for the podcast I have to relearn some stuff.

1283
01:53:36,000 --> 01:53:39,000
So bear with us as or with that.

1284
01:53:39,000 --> 01:53:42,000
But definitely feel free to interact with us on discord or any of the social media.

1285
01:53:42,000 --> 01:53:45,000
Definitely let us know your feedback what you'd like and dislike.

1286
01:53:45,000 --> 01:53:52,000
Also if you want to participate and give us some ideas for episodes we do have an area in the discord for all that kind of stuff discussion.

1287
01:53:52,000 --> 01:53:56,000
We have fun little chats in there and we have a few laughs.

1288
01:53:56,000 --> 01:53:59,000
But feel free to share us your memes and your ideas.

1289
01:53:59,000 --> 01:54:07,000
We're also going to be doing an episode where we're going to recap some things any any of the episode topics that have had new developments.

1290
01:54:07,000 --> 01:54:15,000
Primarily it'll be the AI episode the moon and Mars maybe one or two other ones.

1291
01:54:15,000 --> 01:54:19,000
And we would like to include listener feedback in those.

1292
01:54:19,000 --> 01:54:27,000
So if you have anything to add if you were sitting there yelling at the device that you're listening to us on.

1293
01:54:27,000 --> 01:54:33,000
You can throw your comments in or email us or put it in discord or something.

1294
01:54:33,000 --> 01:54:34,000
And we'll include that.

1295
01:54:34,000 --> 01:54:41,000
I welcome a fact check for me because while I am a repository of knowledge I occasionally screw things up.

1296
01:54:41,000 --> 01:54:44,000
So you are more than welcome to correct me at any time.

1297
01:54:44,000 --> 01:54:47,000
And I would love to get that feedback.

1298
01:54:47,000 --> 01:54:50,000
My head is a cornucopia of useless knowledge.

1299
01:54:50,000 --> 01:54:54,000
I am bound to get some shit wrong from time to time.

1300
01:54:54,000 --> 01:54:57,000
So please bring on the fact checks. Oh yeah.

1301
01:54:57,000 --> 01:55:03,000
You know and that generates a discussion that way that's something that we can learn from and we can grow and that way all of us share information.

1302
01:55:03,000 --> 01:55:09,000
So at the end of the day that's the goal of this podcast to have some laughs but to also learn a little bit.

1303
01:55:09,000 --> 01:55:12,000
I want to grow. I want to grow taller.

1304
01:55:12,000 --> 01:55:23,000
I was going to say we have we have pills to regrow our hair to make our dicks stay hard for hours on end to cure some of the most vile diseases on this earth.

1305
01:55:23,000 --> 01:55:27,000
Where are the pills to make us grow two or three inches in height.

1306
01:55:27,000 --> 01:55:30,000
It's not a it is twenty twenty five Gibbs.

1307
01:55:30,000 --> 01:55:32,000
We should have those pills.

1308
01:55:32,000 --> 01:55:33,000
They're they're they're not pills.

1309
01:55:33,000 --> 01:55:36,000
It's a leg surgery.

1310
01:55:36,000 --> 01:55:37,000
I don't want to say surgery.

1311
01:55:37,000 --> 01:55:38,000
I don't need a leg surgery.

1312
01:55:38,000 --> 01:55:39,000
I want a pill.

1313
01:55:39,000 --> 01:55:44,000
How how are you going to get a pill that grows more spine or more leg.

1314
01:55:44,000 --> 01:55:46,000
You activate the pituitary glands.

1315
01:55:46,000 --> 01:55:47,000
Oh that's just simple right.

1316
01:55:47,000 --> 01:55:48,000
That's just easy.

1317
01:55:48,000 --> 01:55:50,000
That's just you know being switched.

1318
01:55:50,000 --> 01:55:53,000
They got twenty twenty five Gibbs.

1319
01:55:53,000 --> 01:55:56,000
We have nanomachines that are getting into our blood and doing all kinds of crazy shit.

1320
01:55:56,000 --> 01:56:01,000
They they get the five G's and involved with the with the carbon nanotubes and everything.

1321
01:56:01,000 --> 01:56:04,000
I saw some weird shit yesterday.

1322
01:56:04,000 --> 01:56:05,000
All right.

1323
01:56:05,000 --> 01:56:10,000
I'll just be making a deluxe tinfoil hat and send it your way.

1324
01:56:10,000 --> 01:56:13,000
Call it the Alex Jones cap.

1325
01:56:13,000 --> 01:56:17,000
That's I'm sick and tired of all the crap I put in the water and turn into the freaking frogs gay.

1326
01:56:17,000 --> 01:56:19,000
The sad part is he wasn't wrong.

1327
01:56:19,000 --> 01:56:21,000
He was he was not wrong.

1328
01:56:21,000 --> 01:56:22,000
Oh my God.

1329
01:56:22,000 --> 01:56:26,000
The amount of shit that he has gotten right is terrifying.

1330
01:56:26,000 --> 01:56:29,000
He should never have gotten anything right.

1331
01:56:29,000 --> 01:56:32,000
But oh my God he's been right so many times.

1332
01:56:32,000 --> 01:56:37,000
You know what the sad part is scary because he said some inappropriate things about Sandy Hook.

1333
01:56:37,000 --> 01:56:39,000
That's what he got dragged to the mud on.

1334
01:56:39,000 --> 01:56:42,000
But there's a lot of other stuff where it's like Jesus Christ dude.

1335
01:56:42,000 --> 01:56:48,000
But to be fair I will say this when you say as much stuff as he does with as much air time he's on the air for six or eight hours a day.

1336
01:56:48,000 --> 01:56:54,000
Or 30 years you're bound to get a lot of stuff right when you get a lot of stuff wrong.

1337
01:56:54,000 --> 01:56:56,000
I will say he has a lot of stuff right.

1338
01:56:56,000 --> 01:57:00,000
If you made an Alex Jones was right jar you'd be able to retire.

1339
01:57:00,000 --> 01:57:02,000
He put in a buck in it.

1340
01:57:02,000 --> 01:57:04,000
But a broken watch is right two times a day.

1341
01:57:04,000 --> 01:57:05,000
Exactly.

1342
01:57:05,000 --> 01:57:08,000
So so but God he said some funny stuff.

1343
01:57:08,000 --> 01:57:10,000
Oh look up some funny stuff.

1344
01:57:10,000 --> 01:57:12,000
Look at Alex Jones saying weird stuff on YouTube.

1345
01:57:12,000 --> 01:57:14,000
It is hilarious.

1346
01:57:14,000 --> 01:57:16,000
It's gold.

1347
01:57:16,000 --> 01:57:21,000
I'm kind of retarded.

1348
01:57:21,000 --> 01:57:22,000
Oh he was on Joe Rogan.

1349
01:57:22,000 --> 01:57:23,000
It's hilarious.

1350
01:57:23,000 --> 01:57:24,000
I will admit.

1351
01:57:24,000 --> 01:57:25,000
Oh God.

1352
01:57:25,000 --> 01:57:26,000
You know it makes me laugh.

1353
01:57:26,000 --> 01:57:28,000
And I will say he's naturally funny.

1354
01:57:28,000 --> 01:57:31,000
He's naturally funny in a very similar way that Trump is funny.

1355
01:57:31,000 --> 01:57:34,000
Whether you agree with what they say they have that same kind of charisma.

1356
01:57:34,000 --> 01:57:37,000
And it's just interesting.

1357
01:57:37,000 --> 01:57:43,000
But anyways I we are the kings of like going on tangents today.

1358
01:57:43,000 --> 01:57:48,000
It's the tism I blame the tism the tism and macaroni and cheese.

1359
01:57:48,000 --> 01:57:49,000
That's all fair enough.

1360
01:57:49,000 --> 01:57:50,000
I get that.

1361
01:57:50,000 --> 01:57:52,000
But all right as a final you know thank you.

1362
01:57:52,000 --> 01:57:54,000
I want to say thank you all for being here.

1363
01:57:54,000 --> 01:57:55,000
It's been wonderful.

1364
01:57:55,000 --> 01:57:56,000
Yep.

1365
01:57:56,000 --> 01:57:57,000
We appreciate it.

1366
01:57:57,000 --> 01:57:58,000
We love you guys.

1367
01:57:58,000 --> 01:57:59,000
We really do.

1368
01:57:59,000 --> 01:58:00,000
You're beautiful.

1369
01:58:00,000 --> 01:58:01,000
We wouldn't be here without you.

1370
01:58:01,000 --> 01:58:02,000
Absolutely.

1371
01:58:02,000 --> 01:58:03,000
Thank you all for everything.

1372
01:58:03,000 --> 01:58:06,000
And we will catch you on the next episode.

1373
01:58:06,000 --> 01:58:13,000
Hell yeah.

1374
01:58:36,000 --> 01:58:55,000
Thank you.