Stream.Transcripts/twitch/2194076743 (2024-07-10) - D.../2194076743 (2024-07-10) - D...


								WEBVTT


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								First chat is I am Katniss.


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								The actual winner is determined by who tweets, or sorry, who enters the chat after it goes live.


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								So if you're here before it goes live, that just means you're in a better position to compete for that first position.


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								Free mayonnaise, if that feels like the rules have changed a little bit, I apologize.


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								We've just got so much, so many people complaining.


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								that you're always winning.


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								So it has to be after the start of the liveness.


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								And so you will still remain one of the all-time champions.


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								Don't worry.


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								You're going to go down in the all-star books or whatever it's called.


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								It's a huge competition.


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								It's like a cash prize every day.


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								I'm surprised.


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								I think they probably keep it secret because they don't want you to know.


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								Mm.


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								I think truth is good for kids.


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								We're so busy lying, we don't even recognize the truth no more in society.


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								We want everybody to feel good.


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								That's not, that's not the way life is.


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								But you can tell if someone's lying, you know, you can sort of feel it in people.


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								And I have lied.


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								I'm sure I'll lie again.


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								I don't want to lie.


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								You know, I don't think I'm a liar.


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								I try not to be a liar.


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								I don't want to be a liar.


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								I think it's like really important not to be a liar.


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								introduced Jonathan, who's going to talk about his latest distillation of what the pandemic means to society, to biology, to science, and to democracy, and the whole kind of idea of empiricism and integrity.


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								And then each of us, this incredible, preeminent


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								panel that we have, each one of you is going to get a chance to comment.


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								It doesn't matter much at all what you believe about vaccines until we invent really important ones, you know, until we have a pandemic that's killing everyone, you know, and, you know, it's not, it's, you know, measles plus, you know, okay, I can tolerate what you think about measles because, you know, not that many people die from it.


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								It's just a big hassle in the end.


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								but no, when we have this new pandemic that is, you know, got 75% mortality, and it's not, there'll be no pretense of being polite in the face of these beliefs.


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								It'll be a moral emergency, because it has to be.


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								I'm afraid that the latest data tells us that we're dealing with essentially a worst case scenario.


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								Now, Dr. Gallo and Dr. Fauci talked a lot about isolation and purification.


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								Can you tell me what the difference is between the two?


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								Isolation?


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								What was it?


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								Isolation and purification.


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								Of the virus?


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								Yes.


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								Well, you isolate a virus by...


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								finding the virus which causes a disease.


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								You purify a virus by making a lot of, I mean, just by purifying it so you get a pure virus.


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								I don't understand what the issue.


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								Well, they interchanged the two and I wasn't sure if it was the same thing or if it was two totally different.


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								No, it depends on how they used it.


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								Okay.


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								Can you explain the process of HIV isolation?


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								Well, didn't Dr. Gallo do that?


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								I mean, he actually isolated it, so.


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								I mean, why should I do all of this?


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								This is all textbook stuff you're asking me.


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								The End


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								Sorry to keep you waiting back there, David.


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								We're almost ready to go.


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								It usually requires me to adjust everything as I fly.


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								That's why I do this long introduction.


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								So I apologize.


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								I'm going to be ready to go in about three minutes.


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								Um, again, we're here to dispel another part of the enchantment, but today we're not going to talk about biology.


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								Um, I have a guest on the show today.


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								So instead of listening to me rant, um, we are going to ask some, I hope intelligent questions, um, and, and get some, get some knowledge that we aren't going to be able to get from someone like me.


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								Um,


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								I am very excited.


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								We are living in some interesting times.


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								One of the more interesting aspects of the times in which we live is this multiple angles on the truth about money.


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								And I am definitely not the person to be discussing the truth about money, but I have already


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								many times mentioned money and I often use the term weaponized piles of money because I think it's a general way of thinking about this stuff.


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								I think weaponized piles of money are the reason why we have never really thought about there being no evidence of spread in New York City.


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								I think weaponized piles of money are the reason why we are paying attention to Peter Daszak instead of the molecular biology that's called infectious clones.


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								I think the reason why we are not talking about placebo batches has to do with weaponized piles of money.


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								And I think the reason why transfection is not a word that everyone knows is because of weaponized piles of money, the same weaponized piles of money that have coordinatedly


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								led us to believe that the protocols were necessary instead of murder, that gain of function is real and not a mythology.


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								The same weaponized piles of money that coordinatedly lied in order for us to solve this mystery of the Scooby-Doo, and a spectacular commitment to this lie that this is the question to be answered,


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								allows them to cover up some of the other malfeasance that's going on in the background that again involves weaponized piles of money so we're talking about weaponized piles and money and of money and intellectual property and we're also talking about different weaponized piles of money being used for


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								to extract the physical wealth of nations around the world.


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								And so I'm hoping that my naivety to these phenomenon will give us a heads up, a leg up on asking the right questions.


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								And I think David Webb is one of these guys that has been


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								They just attribute bad motives to him because his story is so annoying that they can't argue with it.


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								So instead of arguing with his story of the great taking, they just attribute bad motives to him.


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								And maybe they've even gotten to the stage where they just have to ignore him.


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								And anyway, we know where we are.


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								We know we're trying to relive or reopen our history books so that we can take back the power that these charlatans have over us.


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								But ultimately, these charlatans are forward-facing charlatans, just like these charlatans are.


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								They are an elaborate theater that's designed to keep us busy.


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								And if we want to make gentle the life of this world and the life of our kids as we move forward, we're going to have to teach them how to see this coordinated wave of lies, of mythologies.


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								And it's not just biology, ladies and gentlemen.


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								It's also money.


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								It's also a coordinated


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								like a coordinated fake consensus about what money is and about what banking is and about how rich people get rich.


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								These are all mythologies that are agreed upon on the internet and on social media and if our kids are not clever enough to see through these mythologies then they will be


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								victims of them just like we were in our young adult lives.


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								Ladies and gentlemen, we stay focused on the biology here, we don't take the bait on social media, and we love our neighbors at Giga Home Biological.


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								If you don't know, this is a message produced by an American for America, but it is also a message for the world.


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								I recently met David Webb at the Red Pill conference in South Dakota a month ago and sharing that Red Pill talk and his Red Pill talk.


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								It's not like any of these things go viral, but we are dependent on sharing these messages.


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								We need this message shared.


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								I think David is one of these guys who just wants the truth out.


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								You don't have to buy his book.


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								Just spread the truth learn it and spread it spread his videos And so I'm really excited to have the chance to talk to him today, so I'm just gonna go through the horn And put up the talking the first talking slide, and then we'll bring David on immediately Wow it's 10 after already not good not good timing bad coffee Took too long to boil or something.


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								I don't know what my excuse is


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								We're trying to create a paradigm shift all around the world, and it's got to be a paradigm shift on multiple fronts, not just on biology and public health.


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								It's also got to be a paradigm shift on how money is curated and how money is created and who has that power.


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								And so the only way to really engage in noncompliance is to understand it.


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								So you've got to understand how the banks have lied to us.


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								And I'm hoping that we're going to get there a little headway today.


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								Okay, well, shall I start?


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								I'm not sure at what point to enter into this, but shall I just give a bit of an introduction and start talking about the subject?


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								Yeah, I think since you already waited so long, and I am really sorry about that, but it's sometimes it's a


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								I'm going to slip this up over here.


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								And there you are on the screen.


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								And so I'm going to put myself down in the corner and then you won't see me anymore, just down here in the corner.


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								Can you see everything fine now?


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								You know, I just see myself.


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								I don't see anybody else.


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								So if you go up to the top right corner and change the way it views to either a gallery or to the speaker, then you'll see everybody.


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								And in the meantime, I'm going to switch down here and I put myself down in the corner.


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								Oh, maybe you can't see me because I haven't started my virtual camera.


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								Oh, there we go.


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								Wow.


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								So see, this is just amateur hour here.


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								I apologize.


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								So ladies and gentlemen, this is David Webb.


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								He's the author of The Great Taking, and he knows that we are not an economist and we are not traders and day traders.


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								And so I've prefaced a little bit about where we are, but I do want to just hand it over to David.


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								So thank you very much for joining me.


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								I'll interrupt you if you've gone too fast, too far, and otherwise, whatever you would like to say, the floor is yours.


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								OK.


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								Well, I'll just start by saying I think


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								A big part of the reason I'm doing what I'm doing is because of my grandmother, who was in our household when I was a little boy.


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								And she was a nurse in the Great War and went into World War I with my grandfather, who was a surgeon.


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								They were not married yet.


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								They married after the war.


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								They were the first people from the U.S.


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								into the war.


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								It was a medical unit that went into France before the U.S.


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								entered the war.


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								And I think that they were really marked by this experience.


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								The casualties they were dealing with on a daily basis was just


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								dwarfing the ability of their facility to handle this.


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								So it's like a scene from Gone with the Wind.


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								And I grew up, she somehow put across to me the idea that life should be about more than making money.


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								And that medicine is,


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								a real profession in the sense that it's a calling.


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								And that's what it was for my grandmother and grandfather.


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								But in the 1960s, things started going badly in Cleveland.


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								My father's side of the family were engineers, and they were in business.


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								And Cleveland was going through the beginning of the industrial collapse of the US.


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								at that time.


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								So I ended up, I would have become a physician, but I ended up going into business really to try to understand what was hurting us, what was going wrong.


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								So Cleveland was something like the canary in the coal mine in this.


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								And I've been in business.


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								I went into finance.


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								I went to Wall Street.


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								But oddly enough, it was never about making money for me.


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								It was about understanding things.


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								And I've gone from one thing to the next that way.


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								So then let's start getting into money a little bit.


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								In the late 90s, I was managing hedge funds in the aftermath of what was called the Asian financial crisis, and then leading up to the dot-com bubble and bust.


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								And I started seeing just strange behavior in the equity markets, meaning, as I would describe it, that the markets might go up straight up on bad news, unabashedly bad news.


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								So there was some kind of hidden injection coming into the markets at that point.


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								I started developing the idea that the Federal Reserve System and the central banks were actually influencing the financial markets.


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								Now, believe it or not, at that point, that was considered conspiracy theory in the late 90s.


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								And my partners thought that that was conspiracy theory.


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								But I began studying this.


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								And one thing I noticed was that


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								For example, in the news, financial news, they were saying that liquidity was coming from the Bank of Japan buying US treasury securities.


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								And the argument was that Japan had to recycle its trade surpluses into these treasuries.


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								So I started looking at, well, what was the scale of these treasury purchases?


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								And what was the scale of the trade surplus?


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								And I found that the scale of the treasury purchases was maybe an order of magnitude larger than whatever the trade surplus could be.


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								So this kind of hyper-financialization was beginning to occur at that point in the late 90s.


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								But I began studying


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								the scale of injections by the Federal Reserve System into the banking system.


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								And I was able to see the rate of growth in money.


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								I was following the rate of growth in money supply, the change from week to week.


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								And I could see when I began looking at it, I saw that in some weeks, the amount of new money created was maybe more than 1% of GDP of the US.


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								Now, if the economy was growing at 3% or 4%, and you had an annualized


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								rate of money growth in a week of 50% or more, something was happening.


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								Now, I have done a... Can I interrupt you here for a second?


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								When you say money supply increases, are you talking also about banks loaning money?


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								Or are you specifically talking about governments printing money?


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								Are you talking about the collective total?


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								Well, no.


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								In this case, this was a measure called M3 at that time, which is


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								a measure of money, which is basically bank deposits.


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								It's liquid funds available.


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								And what the Fed does to, at least at that point, to load the banking system with money was to enter into repurchase agreements with the banks.


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								for treasury securities.


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								So the Fed would buy treasuries from the banks and load them with cash.


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								And then that would, in theory, lead to loans in the real economy.


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								But what was happening was that money was going into the financial markets, not into the real economy.


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								So let me explain.


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								It's about the relationship between growth in money and growth in the real economy.


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								So it used to be that the created money was actually going into the real economy.


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								There's a term called velocity of money.


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								And that means the number of times that created money is then turned around and spent in the real economy.


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								So in the


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								let's say in 1980 when I did a money and banking course, it was considered that the velocity was maybe six to eight times on newly created money.


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								Now, so think of it this way.


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								If you or I need to come up with money, we have to sell something.


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								You have to sell a product or a service, but the central banks have this power to


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								to create this money out of thin air.


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								And initially it is an awesome power because things happen that wouldn't have happened otherwise.


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								Projects are begun that wouldn't have happened otherwise.


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								So the money spent is received and then re-spent and so on.


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								And this is


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								The measure of six to eight times is the number of times that the newly created money is used in the real economy.


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								So the GDP multiplier on the created money was a high single digit.


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								So what was beginning to happen in the late 90s after the Asian financial crisis was this ratio had inverted and now the created money


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								was multiples of any economic growth that was happening.


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								So now they had to create more and more money to keep the economy from contracting.


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								So this was beginning in the US in the late 90s, but what happens is when this phenomena, the collapse in the transmission


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								of the created money into the real economy.


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								When that occurs, it's intractable.


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								It is pushing on a string.


								26:07.689 --> 26:11.331

								And they go to higher and higher levels of money creation.


								26:11.751 --> 26:15.293

								But ultimately, the real economy is not responding.


								26:15.734 --> 26:24.479

								So that created money increasingly goes into financialization, financial bubbles, and as we've seen, warfare.


								26:25.217 --> 26:29.599

								into escalating global war.


								26:30.279 --> 26:39.783

								So this same phenomenon was occurring leading into World War I from the 19th century into the 20th century.


								26:39.803 --> 26:43.644

								And we saw between 1912 and 1918


								26:48.732 --> 26:59.917

								collapse of the Qing dynasty, the Austro-Hungarian Empire, the Turk-Ottoman Empire, the Russian Empire, the destruction of Germany.


								27:00.417 --> 27:08.921

								So it's really leading up to a profound geopolitical process when this is occurring.


								27:08.941 --> 27:08.981

								So


								27:13.213 --> 27:21.298

								I believe that is why we are seeing such seemingly unprecedented things happening now.


								27:21.318 --> 27:26.762

								As they say, we don't commit the sins of our fathers, we commit the sins of our grandfathers.


								27:27.142 --> 27:33.807

								You have to go back a couple of generations to find an analogous period for what is happening now.


								27:33.827 --> 27:34.828

								So by


								27:38.430 --> 27:42.534

								The fourth quarter of 99, this is the peak of the dot com bubble.


								27:43.094 --> 27:51.141

								Money was growing at a 40 percent annual rate on an economy that was growing maybe three percent.


								27:51.782 --> 27:55.625

								So this is so it was really blowing out at that point.


								27:55.705 --> 28:00.389

								So we have been in this process for over 20, 20 years, quarter of a century.


								28:01.059 --> 28:04.740

								of this, so this is a paradigm collapse.


								28:07.021 --> 28:16.824

								So the ability to control things with money, that is a very sophisticated control system.


								28:17.825 --> 28:24.167

								It requires low energy, low physical intervention because people just chase the money.


								28:24.627 --> 28:27.168

								They just chase their money incentives.


								28:27.708 --> 28:30.329

								So money is really a control system


								28:31.372 --> 28:37.754

								And when you enter this kind of a process, the control system is really in collapse.


								28:38.614 --> 28:51.277

								So they are then going into a process to try to maintain control through some kind of a reset, which we have been promised.


								28:52.838 --> 29:00.080

								So this is the kind of macro, my macro explanation for why this is happening.


								29:01.090 --> 29:03.512

								I actually navigated using this.


								29:04.012 --> 29:07.935

								So this isn't just from reading about it.


								29:08.075 --> 29:15.040

								I studied it and applied it to what I was doing to navigate through the bubble and the bust.


								29:15.320 --> 29:20.523

								So then we go forward a bit.


								29:21.104 --> 29:24.266

								I knew that we were going into a collapse in 2007, 2008.


								29:24.326 --> 29:25.987

								I was preparing for that.


								29:31.014 --> 29:39.020

								And I noticed that this little, again, you look for canaries in the coal mine.


								29:39.100 --> 29:48.426

								There was a collapse of a little broker dealer in Florida, the first insolvency, and I was expecting many.


								29:49.447 --> 29:59.294

								And the thing that really got my attention was all of the client securities were encumbered in bankruptcy estate of the broker.


								30:00.310 --> 30:06.352

								Now that blew my mind because that should never have happened.


								30:08.053 --> 30:14.375

								So now I'll go into the explanation of what has changed here.


								30:14.955 --> 30:25.799

								For 400 years from the beginning of creation of securities, they were personal property, a chattel.


								30:26.819 --> 30:28.440

								It was your property.


								30:29.308 --> 30:41.473

								And if it was held by a custodian and the custodian failed, became insolvent, you were entitled to return of your property immediately.


								30:41.953 --> 30:44.174

								And if they did not do that, that was theft.


								30:45.495 --> 30:49.236

								Now, the shocking thing is that is no longer the case.


								30:50.437 --> 30:58.600

								They have been working on this so that we no longer have property rights as we would understand them.


								31:00.221 --> 31:01.922

								to securities.


								31:02.002 --> 31:03.082

								Now, what are securities?


								31:03.143 --> 31:06.645

								That means stocks, basically stocks and bonds.


								31:07.626 --> 31:12.869

								And so, and not just held by individuals in their IRAs.


								31:12.949 --> 31:14.370

								This is comprehensive.


								31:14.450 --> 31:19.814

								This is all securities held in investment funds, in pension funds.


								31:20.734 --> 31:29.000

								And now globally, there has been a, so there was a process of changing the law in the US


								31:29.997 --> 31:34.221

								beginning in the 90s.


								31:34.241 --> 31:44.110

								So they changed what is called the uniform commercial code, which is commercial law at the state level.


								31:45.231 --> 31:46.532

								And it


								31:48.171 --> 31:52.072

								Part of the reason doing it that way was it could be done very quietly.


								31:52.152 --> 31:55.432

								There was no attention at the federal level to this.


								31:55.452 --> 31:58.353

								It took from 94 to maybe 2001 to get it implemented in all 50 states.


								31:58.373 --> 32:00.133

								But that was done.


								32:00.153 --> 32:00.553

								And then in


								32:14.113 --> 32:24.980

								In 2005, they changed something called safe harbor, which sounds nice, safe harbor.


								32:26.161 --> 32:38.369

								But what that means is safe harbor for secured creditors to have priority to the client assets.


								32:40.591 --> 32:50.573

								and to be able to keep those assets, even if their control is passed to the creditors right on the eve of a bankruptcy.


								32:51.894 --> 33:06.877

								And even if fraud and wrongdoing was involved, so things that would have been fraudulent prior to 2005 are no longer fraudulent.


								33:07.651 --> 33:15.334

								Now, how do we know that all this is the case, what I'm telling you?


								33:17.215 --> 33:24.937

								After this was done in the US, the EU was being pressured to conform to the same system.


								33:26.318 --> 33:33.581

								And in Europe, there were property rights to securities, direct property rights to securities.


								33:33.621 --> 33:36.902

								So they had a problem with that, and they had to figure out how to subvert it.


								33:37.828 --> 33:54.717

								and they formed something called the Legal Certainty Group, which, again, sounds nice, legal certainty, but what they meant was legal certainty that the secured creditors keep the assets, that they won't be returned to the clients.


								33:57.278 --> 34:02.761

								So the Legal Certainty Group wrote a questionnaire to the Fed


								34:03.564 --> 34:04.724

								the New York Fed.


								34:04.984 --> 34:08.565

								Now, the New York Fed is really the Fed.


								34:08.945 --> 34:11.326

								This is the business end of the Federal Reserve.


								34:12.246 --> 34:28.731

								And we have an incredibly important document, which is the legal response, formal, prepared by attorneys at the New York Fed and provided to the EU, explaining exactly how this works.


								34:29.682 --> 34:43.589

								And it begins by explaining that this is specifically addressing the Uniform Commercial Code, Articles 8 and 9.


								34:43.889 --> 34:57.576

								And what is explained there is that investors, whether they're individuals or institutions, don't have a direct property right extending to the securities.


								34:58.049 --> 35:04.292

								They have an interest, a pro rata share in a pool of securities.


								35:05.253 --> 35:06.833

								And this is the sucker fuge.


								35:06.914 --> 35:08.334

								This is how it is done.


								35:09.055 --> 35:14.117

								So they have an appearance of a property, right?


								35:14.237 --> 35:25.383

								You may hear the term beneficial ownership, which again sounds nice, but it means that you have an appearance of control.


								35:25.976 --> 35:29.699

								You can decide when to sell, when to buy and sell something.


								35:30.040 --> 35:31.861

								You're paid the dividends.


								35:31.901 --> 35:33.623

								You're given a proxy statement.


								35:34.243 --> 35:40.169

								But all the while, the security is held in pooled form.


								35:40.969 --> 35:48.616

								And if there is a failure in the financial system, you are entitled to only prorate a share of what remains in that pool.


								35:48.636 --> 35:50.358

								Now, here's the problem.


								35:51.761 --> 36:04.328

								those pooled securities are being used on a vast scale without restriction and FOP is the acronym, free of payment.


								36:05.029 --> 36:17.997

								So the securities are used as collateral within the financial system by the, essentially the,


								36:19.485 --> 36:25.507

								the custodians throughout, through the intermediaries within the financial system.


								36:26.087 --> 36:35.070

								So in the U.S., for example, all securities are held in pooled form at something called Depository Trust Corp.


								36:36.250 --> 36:36.971

								in New York.


								36:37.771 --> 36:41.712

								And so the essentially the entire U.S.


								36:41.772 --> 36:47.354

								financial system, all securities are held in pools there.


								36:48.918 --> 36:57.306

								So all of the US financial system is exposed to this and much of the world financial system is exposed to this.


								36:59.469 --> 37:07.156

								These securities are really being used underpinning the derivatives complex.


								37:07.677 --> 37:09.459

								Now, what is a derivative?


								37:09.899 --> 37:11.521

								It's a kind of intimidating


								37:12.062 --> 37:15.943

								term, it means it's derived from something else.


								37:16.723 --> 37:19.884

								It is not a real thing itself.


								37:20.744 --> 37:25.865

								It is a contract written about the behavior of something else.


								37:26.665 --> 37:36.507

								So if this other thing goes up or down, it results in a payment made or a payment received.


								37:36.927 --> 37:39.388

								Basically, that's the idea behind it.


								37:41.721 --> 37:49.334

								And when this direct property rights and securities was subverted in 94, that's when the growth in


								37:52.463 --> 37:59.386

								financial contracts, derivatives, really took off exponentially.


								38:00.126 --> 38:09.250

								So by 2001, derivatives outstanding were about twice the size of global GDP.


								38:09.971 --> 38:14.493

								So again, we see this, the beginning of this hyper financialization.


								38:14.993 --> 38:18.434

								By 2007, derivatives outstanding were 10 times global GDP.


								38:22.549 --> 38:33.494

								So from two to 10 times global GDP over five or six years, it's estimated that now it's maybe two quadrillion.


								38:34.054 --> 38:37.616

								So about 20 times global GDP.


								38:38.296 --> 38:45.119

								So there is not enough of anything in the world to back this.


								38:45.860 --> 38:50.622

								So you have these, the pooled collateral being used


								38:51.594 --> 39:04.866

								over and over again as reused as to provide some argument that there is a collateral backing behind this.


								39:05.327 --> 39:11.532

								And that's done through what's called hypothecation and re-hypothecation.


								39:11.572 --> 39:15.456

								That means that the party that has received this


								39:16.075 --> 39:24.179

								collateral out of these pools as a secured creditor, then extends that as collateral in another trade.


								39:24.579 --> 39:29.201

								And then it's used again by that secured creditor that has received it.


								39:29.702 --> 39:39.787

								So these collateral chains have to be maybe seven times, something like that, when you look at that for reuse of the collateral.


								39:40.387 --> 39:44.509

								So what has been set up here is a game of musical chairs.


								39:45.362 --> 39:58.287

								where more claims have been created on the pooled assets than there are assets in these pools, and that's assured.


								39:59.247 --> 40:12.832

								And under these changes to the Uniform Commercial Code, it is clear that the secured creditors that have received the collateral have legal certainty that they will keep the collateral.


								40:13.191 --> 40:15.473

								It won't be returned to the owners.


								40:18.255 --> 40:22.218

								So again, this is explained in the Federal Reserve document.


								40:22.278 --> 40:34.588

								There is another document that was published in the UCLA Law Review in 1996, so contemporaneous with the implementation of this.


								40:35.308 --> 40:41.393

								And that was written, it's very extensive, written by what's


								40:42.230 --> 40:57.739

								called the reporter, the lawyer that actually writ or wrote, the reporter that wrote the amendments, the legal changes to the Uniform Commercial Code.


								40:57.779 --> 41:01.342

								So he knows firsthand.


								41:02.342 --> 41:08.366

								And it's pretty shocking because he explains that, you know,


								41:09.708 --> 41:22.272

								that it was already the case by 94 that the assets were being used in this way on a vast scale.


								41:22.872 --> 41:24.232

								And he gives this example.


								41:24.292 --> 41:26.393

								He says, what do brokers do?


								41:26.793 --> 41:28.053

								They sell securities.


								41:29.054 --> 41:33.395

								So if they've sold the security, the party that bought the security


								41:34.031 --> 41:41.057

								doesn't know if that was done wrongly, if that was a client's security that was sold wrongly.


								41:41.797 --> 41:52.446

								And the same is true when securities are loaned, when securities are used as collateral for the firm to do a trade or borrow money.


								41:54.328 --> 41:56.690

								That's done through swap contracts.


								41:59.610 --> 42:04.595

								So the party on the other side of that contract doesn't know if that was done wrongly.


								42:04.997 --> 42:08.980

								They can't possibly know that because this is a normal thing.


								42:09.821 --> 42:14.104

								They also can't know how many times it's already been used as collateral for something else.


								42:14.865 --> 42:15.406

								Yes.


								42:15.746 --> 42:17.507

								And does that matter in the end?


								42:17.988 --> 42:23.652

								Is that need to be sorted out and that's what the trick is or it doesn't matter because it's all zero?


								42:24.353 --> 42:25.374

								No, it does matter.


								42:25.494 --> 42:29.597

								What they've done is created a mush ball intentionally.


								42:29.957 --> 42:33.240

								Again, you could put this in front of a classroom of 12-year-olds


								42:34.885 --> 42:42.755

								And it explained that you have client assets that are now being used in this way without restriction.


								42:43.356 --> 42:44.837

								Is there going to be a problem with that?


								42:45.538 --> 42:51.666

								And so they knew full well that this was going to be a problem and it was actually illegal.


								42:52.501 --> 43:02.047

								what they were doing, and so they made these amendments in 94 to make it legal, what they were doing.


								43:02.067 --> 43:09.092

								But those amendments you're talking about had to be, and I think this is a crucial part of the history, had to be changed at the state level, is that correct?


								43:10.256 --> 43:12.437

								Well, they chose to do it at the state level.


								43:12.477 --> 43:18.538

								But then that suggests a very organized effort over several years to put people in position.


								43:18.618 --> 43:19.659

								Oh, those those.


								43:19.679 --> 43:35.443

								Well, that's that's what I, you know, explain in the book is that this was a very sophisticated, very intelligent design, deliberate process implemented over half a century.


								43:35.463 --> 43:39.024

								And that


								43:41.273 --> 43:46.315

								That's very important to know that, that this is not something that happened accidentally.


								43:46.335 --> 43:55.457

								It is not something that happened organically because the market was demanding it.


								43:55.617 --> 44:03.019

								It was done through a conscious design, start to finish.


								44:03.919 --> 44:06.560

								So it was really beginning


								44:07.669 --> 44:10.230

								in the late 1960s.


								44:10.751 --> 44:13.272

								And now we're getting down into the weeds a little bit here.


								44:13.292 --> 44:16.614

								In 1968, they created something they refer to as the paperwork crisis.


								44:24.608 --> 44:38.793

								And what they did was every Wednesday for just six months, they closed the New York Stock Exchange because they said they couldn't keep up with dealing with the volume of trading with paper certificates.


								44:40.346 --> 44:44.868

								And then in December, that stopped.


								44:45.769 --> 44:55.333

								But they used that as a justification to dematerialize securities, to get rid of paper certificates.


								44:56.154 --> 44:57.214

								Now, what did that do?


								44:57.775 --> 45:04.738

								When we had paper certificates, it was very clear who had control of the collateral.


								45:06.136 --> 45:08.719

								If you had the certificate, you had control.


								45:08.779 --> 45:16.546

								But on the movies, the terrorists are still carrying around like whole suitcases full of bearer bonds or something like that.


								45:16.586 --> 45:23.532

								I mean, they still occasionally show us images of some form of money at that level or not.


								45:24.164 --> 45:28.645

								I think bearer bonds have been phased out to a large extent.


								45:28.685 --> 45:29.985

								That used to be a thing.


								45:30.005 --> 45:32.446

								I don't know that you can get bearer bonds anymore.


								45:32.466 --> 45:33.206

								I see, okay.


								45:33.766 --> 45:36.666

								But they use them in movies for sure still, which is pretty funny.


								45:36.726 --> 45:50.169

								Yeah, it's kind of a thing of the past, but that was used... They create the impression that there's something wrong with people having control of their own property.


								45:51.069 --> 45:51.649

								Yeah, right.


								45:53.779 --> 46:14.263

								So this paperwork crisis, what happened at that point was they created the Justification of Form Depository Trust Corp to house all the dematerialized securities.


								46:14.783 --> 46:19.044

								Now, the guy they tasked with doing that was a guy named William Denser.


								46:19.977 --> 46:23.158

								who was a career CIA operative.


								46:23.938 --> 46:30.519

								And this is just very clear in his own memoir, in his interviews that he did.


								46:30.539 --> 46:44.781

								He had come out of college and essentially worked for the CIA in Europe, forming anti-communist student organizations, and they arranged his draft deferment so he could do that.


								46:45.481 --> 46:49.362

								And then he worked explicitly for the CIA for five years


								46:50.171 --> 46:53.294

								And then he went with USA to Latin America.


								46:54.434 --> 46:58.437

								And then he came back to do this task.


								46:59.218 --> 47:07.845

								And it's interesting in his memoir, he says his interest had shifted back to the US following the assassinations.


								47:09.546 --> 47:12.688

								So it's a very strange comment.


								47:13.289 --> 47:16.171

								What would the assassinations have to do with this?


								47:16.954 --> 47:26.298

								But the paperwork crisis began six days after the assassination of Robert Kennedy and ran for six months.


								47:27.119 --> 47:40.745

								And they brought Denser back and he had no background in banking or finance at all and was appointed by Nelson Rockefeller as superintendent of banks in New York state.


								47:42.505 --> 47:43.506

								And then they appointed him


								47:46.949 --> 47:54.791

								to be the CEO of the newly formed Depository Trust, which would house all of the dematerialized securities in the U.S.


								47:54.831 --> 47:55.832

								financial system.


								47:56.752 --> 47:57.872

								So that's how that worked.


								47:58.472 --> 48:06.435

								So the dematerialization, what that allows is fuzzing up who has control of the property.


								48:08.675 --> 48:11.076

								So it's a necessary precondition


								48:11.923 --> 48:21.633

								But it did not have to be done that way because at the same time, they were also forcing all the G30 countries to dematerialize.


								48:21.673 --> 48:27.259

								So this is a vast geopolitical strategy that was being put in place.


								48:29.424 --> 48:37.289

								Now, Sweden, Sweden is the kind of place where they want the gold star and the pat on their head.


								48:37.469 --> 48:39.690

								So they do it the first, the best.


								48:40.291 --> 48:42.792

								So they dematerialize very fast.


								48:43.292 --> 48:51.498

								But they did not understand that they were actually supposed to sever people's property rights in doing that.


								48:51.978 --> 48:55.220

								So they implemented it so that they made sure


								48:55.976 --> 49:02.218

								that in the electronic record keeping, you had specific identification to securities.


								49:02.838 --> 49:07.800

								So there's no reason that it couldn't be implemented, especially with computerization.


								49:08.220 --> 49:12.722

								It couldn't be implemented so that you could know exactly who owns what.


								49:13.642 --> 49:16.203

								and that is what Sweden did.


								49:16.223 --> 49:30.950

								Then the legal certainty group identified Sweden as being problematic because Sweden had done it in a way to assure that people had property rights to their securities.


								49:31.490 --> 49:36.633

								So I'm relating this to show there's a long beginning to this


								49:37.250 --> 49:53.695

								But it's been, there's been a very consistent, relentless implementation decade by decade to get to a point where this is now the case globally.


								49:54.115 --> 49:59.837

								So it's done first in the US, but then it had to be harmonized, as they say.


								50:00.419 --> 50:14.925

								So pressure had to be brought on the rest of the world to conform to this way of doing it, to treat securities as a fungible thing that could then be used elsewhere.


								50:15.405 --> 50:16.726

								So where is this going?


								50:17.146 --> 50:18.606

								This is the sleight of hand.


								50:20.547 --> 50:24.249

								So the public used to have a direct property interest.


								50:24.349 --> 50:25.369

								It was very clear.


								50:25.909 --> 50:29.891

								It meant if there were failures in the financial system, it wasn't your problem.


								50:30.373 --> 50:33.195

								You just said, here's where you return my property.


								50:33.876 --> 50:36.177

								So that has been severed.


								50:36.257 --> 50:43.182

								Now you have, and by you, I mean, even the big boys, the big players, it's the same thing.


								50:43.643 --> 50:54.150

								The big institutions have essentially an unsecured claim in the event of insolvency.


								50:54.470 --> 50:56.512

								Now at the other end of the food chain,


								50:59.545 --> 51:03.429

								You have these derivatives contracts where the collateral is being used.


								51:03.509 --> 51:04.330

								Now, what are those?


								51:04.430 --> 51:05.791

								Those are contracts.


								51:06.432 --> 51:10.136

								Contracts never would have had a property interest.


								51:10.894 --> 51:12.616

								in insolvency.


								51:13.296 --> 51:30.930

								So they've severed the property interest at the investor level, and they've given a super priority to the pooled assets, to the secured creditors behind the derivatives complex.


								51:31.570 --> 51:39.797

								So now the other thing to know is that it is only, as we were explaining here,


								51:40.310 --> 51:41.971

								It's a game of musical chairs.


								51:42.031 --> 51:46.012

								There isn't enough collateral to go around, and that is by design.


								51:46.453 --> 51:53.316

								It means that, you know, the great unwashed will be left out.


								51:53.696 --> 52:01.579

								The public, globally, the... When you say globally, it's maybe a good time for me to inject this in.


								52:01.619 --> 52:04.360

								How does Russia and the BRICS fit into this?


								52:04.420 --> 52:05.421

								Are they just another...


								52:06.221 --> 52:09.724

								reflection of the same control mechanism with different people at the top?


								52:09.804 --> 52:12.547

								Or are they actually separate fighting this New World Order?


								52:12.567 --> 52:14.889

								Because some people think Russia's against the New World Order.


								52:17.571 --> 52:29.322

								I, I would have to say that I would I would observe that the Russian Central Bank is in appearance of


								52:30.457 --> 52:33.481

								a public institution.


								52:33.721 --> 52:39.808

								It is privately owned and controlled, just as all the other central banks are.


								52:42.331 --> 52:48.117

								To say it is a public institution, it means that the government may own the building.


								52:48.564 --> 52:49.445

								that they're using.


								52:49.945 --> 52:56.050

								But since the collapse of the USSR, it is privately controlled.


								52:56.070 --> 52:59.272

								It is a member of the Bank for International Settlements.


								53:00.553 --> 53:11.301

								The assets, Russian assets, are in Euroclear, which is vulnerable to this in the same way that


								53:14.859 --> 53:20.705

								You know, the Depository Trust Corp is a structure for this.


								53:22.086 --> 53:26.571

								So I don't see Russia as being outside of this system.


								53:28.673 --> 53:28.973

								I see.


								53:29.073 --> 53:31.376

								Now, I can't, I can't


								53:32.276 --> 53:35.061

								I haven't gone into looking at China.


								53:35.161 --> 53:44.598

								I just observed that you can look at what China has done through the whole COVID period, and they have clearly been a participant in all of this.


								53:45.487 --> 53:52.992

								So I don't see the idea that the Bricks are somehow outside of this.


								53:53.432 --> 54:01.517

								Is there a mechanism in your imagination or in your knowledge where these separate entities could still be competing within this?


								54:02.237 --> 54:09.421

								So, you know, they all know that this is a charade and they all know it's a game of musical chairs, so they could be competing for the chairs that are left.


								54:09.582 --> 54:10.922

								I think that's possible.


								54:11.163 --> 54:15.005

								I think of them as kind of like the playground bullies.


								54:15.848 --> 54:22.531

								that are beating up on everybody else, but they kind of jostle each other for dominance.


								54:22.631 --> 54:23.991

								I think that's possible.


								54:25.872 --> 54:31.014

								But they have intelligence capabilities.


								54:31.094 --> 54:35.636

								They know full well that this is the case.


								54:36.316 --> 54:39.238

								But they're in a situation where they can't leave the planet.


								54:39.698 --> 54:41.759

								They're in this epic,


								54:43.389 --> 54:46.513

								geopolitical process that is unfolding now.


								54:46.853 --> 54:49.316

								They have to be a part of it.


								54:49.717 --> 54:52.280

								But one thing you see is they never call it out.


								54:53.000 --> 54:56.244

								They're not going to out these things.


								54:56.665 --> 54:58.787

								So they're participating on some basis.


								54:59.087 --> 54:59.308

								Right.


								55:00.089 --> 55:00.269

								Wow.


								55:01.880 --> 55:10.982

								It's I mean it's magnificent so since you publish your book, I mean is there another book in the making, I mean it seems to me like it's not a finished story or is it a finished story, I mean.


								55:12.282 --> 55:28.506

								Well, I mean there's a lot to work with with this and let me let me explain I I say to people this is a gift to us because we're we we've been in


								55:30.658 --> 55:33.018

								There's a science to overwhelming us.


								55:35.099 --> 55:54.063

								It began with manufactured consent in the 80s, the idea of, you know, getting into the news cycle, frightening, often conflicting, distasteful, relentless exposure to this stuff so that people reach a point where they just say, just leave me alone.


								55:54.083 --> 55:56.143

								I don't I don't want to hear more about this.


								55:57.010 --> 56:00.631

								And now we've gone to a kind of full spectrum assault.


								56:01.071 --> 56:02.911

								We're in a global hybrid war.


								56:03.011 --> 56:07.552

								So people are so overwhelmed that they can't.


								56:08.532 --> 56:16.853

								There are so many problems coming at us that we can't really deal with them all, taking them one by one.


								56:17.834 --> 56:25.775

								So what is valuable about this insight into what they've done here


								56:26.790 --> 56:33.931

								is firstly, it's something that can unite all people globally once they understand this.


								56:34.031 --> 56:39.572

								So, you know, when people are overwhelmed, it's like an oil canvas.


								56:40.253 --> 56:43.393

								More information doesn't penetrate.


								56:43.413 --> 56:44.653

								It just runs off.


								56:44.853 --> 56:45.094

								Right.


								56:45.434 --> 56:52.855

								So there is something is needed that will punch the hole so that the information starts going in.


								56:53.288 --> 56:55.909

								And as we know, it's been different for each of us.


								56:57.730 --> 56:59.291

								It's different for each person.


								56:59.992 --> 57:12.058

								But for some reason, what's happened here is while people may have been shut down about everything that happened in the COVID period, it's just too unpleasant for them to deal with.


								57:13.479 --> 57:15.900

								This gets through to people.


								57:17.000 --> 57:21.243

								It's weird that people would care more about their IRAs than


								57:22.705 --> 57:24.347

								being injected with something.


								57:24.747 --> 57:25.989

								But that is the case.


								57:26.029 --> 57:27.030

								People care about their money.


								57:27.110 --> 57:27.931

								And so it punches the hole.


								57:27.951 --> 57:28.992

								And then we have this


								57:40.633 --> 57:47.297

								irrefutable primary source documentation that this really is the case.


								57:47.417 --> 58:00.164

								You also actually told a wonderful story or shared a wonderful story with some other people on stage at the Red Pill Conference about what you've done in America, where you've actually changed a law or two, right?


								58:00.864 --> 58:02.825

								Well, what's happened is, so


								58:07.369 --> 58:17.876

								People might read the book or see the documentary and some part of the mind says, well, maybe this isn't really true, even though all the evidence is there and you can know it.


								58:18.296 --> 58:27.042

								But then once it was put in a bill, so this is, JJ, where you're going, in the first, this has happened very quickly.


								58:27.562 --> 58:29.564

								So the book, the PDF came out in July.


								58:29.584 --> 58:30.724

								So it's been nearly a year now.


								58:35.100 --> 58:38.264

								The documentary was in really the beginning of December.


								58:38.924 --> 58:47.814

								And then, so Lightspeed, the first bill to reverse this was in South Dakota in February.


								58:48.856 --> 58:55.383

								And when you have something in a bill, it starts making it real for people.


								58:56.363 --> 58:58.845

								that this is real.


								58:59.326 --> 59:17.921

								Then when you see the response of the banking lobby, which is on record, and we see that they cannot refute this, they have to engage basically in lying and procedural tactics to prevent the bill from being heard.


								59:18.281 --> 59:19.943

								That makes it real in a big way.


								59:20.463 --> 59:22.145

								So that happened in February.


								59:23.678 --> 59:25.419

								I'll explain what happened there.


								59:27.500 --> 59:36.583

								So the other thing is that it forces people to actually look at what is in the UCC for the first time in decades.


								59:37.103 --> 59:41.525

								And what you see is how the subterfuge works.


								59:43.366 --> 59:49.388

								At one level, on the surface, it says that, so let me explain.


								59:49.408 --> 59:52.229

								They created this concept of an entitlement.


								59:53.083 --> 01:00:01.027

								that you don't have a direct property right, they'll call it a property right, but it's a security entitlement.


								01:00:01.387 --> 01:00:04.969

								Now, this is a legal concept that had never existed before.


								01:00:05.769 --> 01:00:13.593

								So you have an entitlement claim, which is a set of rights, basically.


								01:00:14.834 --> 01:00:20.857

								So they call it a property right, but it does not function as a property right in the event of insolvency.


								01:00:21.770 --> 01:00:33.820

								So what you see in the code is, to begin with, it says that the entitlement holders have priority over the secured creditors of the intermediary.


								01:00:34.740 --> 01:00:46.490

								And this is what was used to sell the amendments in 1994 that to say that this is assuring the protection of the entitlement holders.


								01:00:47.492 --> 01:00:51.435

								But there's then an exception, which is not read.


								01:00:51.915 --> 01:00:55.518

								And this is what the banking lobbyists did in the hearing.


								01:00:55.878 --> 01:01:00.302

								They would read the assurance and omit the exceptions.


								01:01:01.062 --> 01:01:05.546

								And the people who brought the bill were given no opportunity for rebuttal.


								01:01:07.227 --> 01:01:09.389

								That's what they did procedurally.


								01:01:09.789 --> 01:01:12.791

								But the exceptions are two things.


								01:01:14.173 --> 01:01:17.115

								If the secured creditor has control


								01:01:18.393 --> 01:01:21.916

								the secured creditor has priority over the investors.


								01:01:22.336 --> 01:01:23.577

								Now, what is control?


								01:01:24.337 --> 01:01:32.563

								Control is a concept in bankruptcy, which means that the creditor has the ability to sell the asset.


								01:01:33.524 --> 01:01:42.931

								And if you think about it, when we had paper certificates, if you hadn't signed over the certificate, they did not have control.


								01:01:43.711 --> 01:01:45.773

								But once they were dematerialized,


								01:01:46.269 --> 01:01:55.794

								and they assured that there was no specific identification to any security, they have control 100% of the time.


								01:01:56.654 --> 01:02:02.037

								So that is an exception you can drive an ocean liner through.


								01:02:03.578 --> 01:02:13.863

								The second exception is that if the creditor is a creditor of a clearing entity, it has priority.


								01:02:14.283 --> 01:02:16.004

								Now, what's a clearing entity?


								01:02:16.377 --> 01:02:27.406

								That would have been something like Lehman Brothers or Goldman Sachs, but it is also Depository Trust Corp.


								01:02:28.648 --> 01:02:36.414

								There are entities within Depository Trust Corp, something called a central clearing counterparty.


								01:02:38.916 --> 01:02:42.900

								And this is another very important piece of this.


								01:02:44.346 --> 01:02:49.747

								And it shows the deliberateness of the implementation to this end stage where we are now.


								01:02:52.147 --> 01:03:00.729

								They use the great financial crisis, as they call it, 2008, 2009, for a number of things.


								01:03:00.829 --> 01:03:10.871

								They use the Lehman Brothers bankruptcy to demonstrate, to cement the case law that the secured creditors take the client assets.


								01:03:11.331 --> 01:03:12.771

								That was the purpose of Lehman.


								01:03:14.250 --> 01:03:18.212

								And I can go into that in detail, but let's leave that for a moment.


								01:03:18.692 --> 01:03:33.078

								The second thing was they used that crisis to assert that having a counterparty on your derivatives contract was too risky.


								01:03:34.798 --> 01:03:36.159

								So historically,


								01:03:38.049 --> 01:03:49.174

								Think of these contracts like a commodities contract where a farmer was selling the crop forward at harvest time at a given price and date.


								01:03:50.015 --> 01:03:54.577

								And there was some party on the other side that wanted to buy at that price and date.


								01:03:55.057 --> 01:04:00.540

								So it served a societal purpose.


								01:04:02.361 --> 01:04:06.563

								They were willingly entered into by both parties.


								01:04:08.468 --> 01:04:15.254

								Then that was extended into financial contracts with things like interest rates.


								01:04:15.915 --> 01:04:22.841

								So that if you had a fixed rate mortgage, you could swap into a floating rate mortgage or vice versa.


								01:04:23.542 --> 01:04:27.526

								So they became these different types of financial contracts.


								01:04:28.246 --> 01:04:35.167

								So in there, but there were they were bilateral, you know, you knew what entity was on the other side.


								01:04:35.807 --> 01:04:41.268

								So they use this this last financial crisis to say that's too risky.


								01:04:41.308 --> 01:04:44.849

								We are going to centrally clear all derivatives.


								01:04:45.289 --> 01:04:49.990

								And this is now been done globally so that you don't have a counterparty.


								01:04:50.410 --> 01:04:54.951

								Your counterparty is this central clearing counterparty.


								01:04:55.734 --> 01:05:00.417

								And there are a number of them around the world, but it's always a central clearing counterparty.


								01:05:01.518 --> 01:05:10.445

								Now, what that means is if the central clearing counterparty fails, you have no counterparty behind your contract.


								01:05:11.105 --> 01:05:19.652

								So all of the different pension funds, we know that the financial markets are at a very frothy kind of peak here.


								01:05:20.172 --> 01:05:23.535

								All the entities that think that they have


								01:05:24.451 --> 01:05:27.712

								hedge the downside risk for a fall in the market.


								01:05:27.812 --> 01:05:35.534

								They've done that with derivatives contracts, but their counterparty is one of these central clearing counterparties.


								01:05:37.354 --> 01:05:39.815

								So- Are we talking about everything?


								01:05:39.855 --> 01:05:44.396

								I mean, I'm trying to think of all the kinds of weaponized piles of money that my little brain knows of.


								01:05:44.456 --> 01:05:48.897

								Are we talking about like endowments at universities and- Everything, everything.


								01:05:48.937 --> 01:05:50.757

								The money of townships?


								01:05:52.238 --> 01:05:53.158

								You know, like, wow.


								01:05:55.131 --> 01:05:58.814

								Well, what I'm talking about is there is no way out of this.


								01:05:58.914 --> 01:06:00.655

								It has been done comprehensively.


								01:06:00.775 --> 01:06:03.317

								So all securities are pooled.


								01:06:03.958 --> 01:06:09.902

								All securities are being used as collateral behind this complex.


								01:06:09.922 --> 01:06:16.167

								And all the entities that have tried to hedge their downside risk have done it in the derivatives complex.


								01:06:16.908 --> 01:06:22.752

								So the failure point by design is the central clearing counterparties.


								01:06:23.513 --> 01:06:24.554

								Now here,


								01:06:25.643 --> 01:06:33.925

								This makes it very clear, Depository Trust Corp, which houses the entire securities complex of the U.S.


								01:06:35.065 --> 01:06:47.948

								and two of the major central clearing counterparties globally, the entire capital of Depository Trust Corp is about $3.5 billion.


								01:06:48.188 --> 01:06:53.949

								That doesn't sound like very much.


								01:06:54.795 --> 01:06:55.956

								Yes.


								01:06:55.976 --> 01:06:58.097

								So that will be wiped out.


								01:06:58.917 --> 01:07:00.698

								That is absolutely nothing.


								01:07:02.599 --> 01:07:19.967

								And so now to underscore that, the industry, including Depository Trust Corp itself, has been talking about preparing for the failure of central clearing counterparties for a number of years now.


								01:07:21.256 --> 01:07:24.679

								Um, I'd say the discussions of that were beginning in about 2000.


								01:07:26.121 --> 01:07:44.277

								I was seeing, so it's been going on for, for, uh, you know, a number of years and depository trust for its part has said, well, we don't believe that our members, you see depository trust is essentially owned by the big banks.


								01:07:44.778 --> 01:07:47.639

								the big financial entities that stand behind this.


								01:07:48.319 --> 01:07:55.822

								So they've said, we don't think that our members should put more capital at risk in this.


								01:07:56.162 --> 01:08:02.445

								Our intention is to pre-fund a new central clearing counterparty when one of these fails.


								01:08:04.305 --> 01:08:13.289

								So what would happen when the central clearing, so it's designed to fail, when it fails, that then


								01:08:14.272 --> 01:08:34.547

								means that there's no counterparty behind these contracts, but the biggest banks have the ability to take the collateral at that point behind the contracts that they have with the central clearing counterparty.


								01:08:34.927 --> 01:08:38.450

								And only they have this super priority to do that.


								01:08:39.030 --> 01:08:41.833

								So let me explain how this would work.


								01:08:41.893 --> 01:08:43.614

								Let's say you're


								01:08:44.864 --> 01:08:46.946

								you're going into a financial collapse.


								01:08:47.306 --> 01:08:59.816

								And there's a fairly recent, there are a couple of documents from the Bank for International Settlements, one in December and one earlier this year, basically describing what is gonna happen.


								01:09:00.457 --> 01:09:09.204

								And so there is something called initial margin, which is the way things normally work.


								01:09:09.544 --> 01:09:12.667

								If you think of a margin account, when you have a brokerage account,


								01:09:13.083 --> 01:09:20.909

								that is a margin account, you have to have some cash in there or assets in order to lever up to buy more.


								01:09:21.430 --> 01:09:28.035

								So the margin is what has to be posted under a contract that is entered into.


								01:09:28.516 --> 01:09:35.221

								And the initial margin is typically cash and government bonds are used for that.


								01:09:35.962 --> 01:09:42.147

								But this document in December makes it clear there's also something called the collateral fund.


								01:09:43.511 --> 01:09:51.938

								And that is described as what will neutralize losses, neutralize the losses.


								01:09:52.738 --> 01:10:09.011

								So what will happen there is also a discussion of a kind of margin spiral, where as asset prices fall, there will be a call for more and more collateral will have to be posted.


								01:10:10.011 --> 01:10:12.133

								And there won't be enough cash


								01:10:13.261 --> 01:10:19.066

								and government bonds to provide that collateral.


								01:10:19.686 --> 01:10:27.292

								So then there will be all kinds of things will be posted as collateral in this collateral fund.


								01:10:27.392 --> 01:10:39.201

								This is how the pools will then be used to backstop these derivatives contracts, these calls for more and more collateral.


								01:10:39.642 --> 01:10:40.042

								But then


								01:10:40.672 --> 01:10:48.954

								When the central clearing counterparties fail, it is only the biggest banks that have the super priority to take the collateral.


								01:10:49.014 --> 01:10:51.815

								So this is the answer to the game of musical chairs.


								01:10:54.796 --> 01:11:02.558

								It's designed so that there won't be enough seats and only certain entities will take all the collateral at that point.


								01:11:03.019 --> 01:11:07.940

								Now, there's another important document that I show in the book and this chart


								01:11:08.476 --> 01:11:32.474

								from a Bank for International Settlements document that's already 10 years old, it's from 2014, showing that there is an automated system to sweep this collateral globally and particularly in a financial crisis.


								01:11:33.295 --> 01:11:37.558

								So it will all be automated and through


								01:11:38.254 --> 01:11:55.033

								something termed collateral transformation, even things other than government bonds, high quality government bonds, so think equities, hold equities, will be used as collateral in the collapse.


								01:11:55.053 --> 01:11:56.294

								So there


								01:11:58.786 --> 01:12:01.528

								You know, that's another primary source document.


								01:12:01.949 --> 01:12:05.872

								They basically show you exactly what they're doing in their own documents.


								01:12:05.932 --> 01:12:09.555

								So this is not conjecture.


								01:12:10.055 --> 01:12:15.900

								You know, it's not like reading somebody's article written about this.


								01:12:16.080 --> 01:12:21.364

								You can really see it in their own descriptions how this will work.


								01:12:23.038 --> 01:12:28.022

								And so what about the way that they bundled mortgages together?


								01:12:28.142 --> 01:12:34.607

								And does that put actual private property or what we think of as private property in America also technically?


								01:12:34.667 --> 01:12:37.129

								Yeah, I think that's a separate thing.


								01:12:37.230 --> 01:12:45.897

								You know, in the book, I basically say, look, people might find this difficult to believe.


								01:12:45.957 --> 01:12:47.778

								How could anything like this happen?


								01:12:47.838 --> 01:12:49.379

								But it already has happened.


								01:12:50.504 --> 01:12:58.328

								exactly what was done in the Great Depression, in that a crisis was created in order to take everything.


								01:12:59.989 --> 01:13:01.470

								But that was the great taking 1.0.


								01:13:03.070 --> 01:13:11.615

								And that is taking things that have been bought with financing.


								01:13:12.355 --> 01:13:16.037

								So yes, all real estate where you have mortgages,


								01:13:18.067 --> 01:13:34.422

								and toasters bought on consumer credit, you know, whatever it is, whatever it is, but that taking of things through a boom-bust cycle, through the operation of debt, that is ancient.


								01:13:35.131 --> 01:13:37.512

								That is an ancient, ancient practice.


								01:13:37.592 --> 01:13:42.833

								So there's nothing new about taking property during the bust phase.


								01:13:43.213 --> 01:13:44.794

								This way it's always been done.


								01:13:45.494 --> 01:14:00.699

								But this, in the Great Taking 2.0, they have figured out a way to take even property, think stocks and bonds, collateral, that you have not borrowed against.


								01:14:01.139 --> 01:14:02.579

								You own free and clear.


								01:14:03.200 --> 01:14:04.280

								And to do it globally.


								01:14:05.060 --> 01:14:13.862

								So it will be much more comprehensive than what was done even in the Depression.


								01:14:16.442 --> 01:14:20.603

								Now, to think well, they wouldn't do anything like this.


								01:14:21.364 --> 01:14:28.185

								But when you go back and you look at what was done then, J.P.


								01:14:28.225 --> 01:14:32.886

								Morgan was a front organization for the Rothschild banking interests.


								01:14:33.859 --> 01:14:35.060

								I think that's pretty clear.


								01:14:35.380 --> 01:14:35.740

								J.P.


								01:14:35.780 --> 01:14:45.464

								Morgan was not an independent actor and actually had a relatively small amount of wealth personally when he died.


								01:14:46.024 --> 01:14:50.386

								So he was he was fronting for the banking interests in Europe.


								01:14:51.026 --> 01:14:54.667

								They created a crisis in 1907.


								01:14:56.728 --> 01:15:01.170

								And then they use that as justification for


								01:15:02.233 --> 01:15:04.574

								some kind of banking reform.


								01:15:05.054 --> 01:15:06.475

								Now, why were they doing this?


								01:15:06.535 --> 01:15:10.377

								So Ed Griffin has gone into this deeply.


								01:15:10.477 --> 01:15:19.662

								And of course, the classic book Creature from Jekyll Island is a real treasure and all the supporting documentation there.


								01:15:20.142 --> 01:15:30.247

								So one thing Ed did was to go into the memoirs and statements made by the people who were present at this meeting in 1910 on Jekyll Island.


								01:15:31.270 --> 01:15:41.658

								And what is clear is that they were doing this because the growth in the economy was outside their control.


								01:15:42.739 --> 01:15:49.905

								The major growth in banking was outside of the banks controlled by the European banking interests.


								01:15:51.786 --> 01:15:53.508

								And the U.S.


								01:15:53.648 --> 01:15:57.030

								industry was largely self-financing.


								01:15:57.511 --> 01:15:59.092

								So they did not need their credit.


								01:15:59.835 --> 01:16:00.916

								So what did they do?


								01:16:02.276 --> 01:16:07.078

								They created this crisis to justify forming the Federal Reserve.


								01:16:07.739 --> 01:16:14.382

								They implemented it essentially on Christmas Eve in 1913.


								01:16:14.502 --> 01:16:17.703

								So it was done quietly.


								01:16:18.443 --> 01:16:23.185

								And then World War I began eight months later.


								01:16:23.205 --> 01:16:28.548

								Now, this is how central banks, they're joined at the hip with warfare.


								01:16:30.712 --> 01:16:38.960

								Because what happened during the war was the Fed created the money out of thin air to buy U.S.


								01:16:39.040 --> 01:16:45.526

								Treasury securities that then became the capital base for the Fed.


								01:16:46.787 --> 01:16:50.931

								It was Treasuries that they bought for nothing, essentially.


								01:16:51.591 --> 01:16:53.053

								And then with the war,


								01:16:53.652 --> 01:16:57.594

								there was a vast expansion in government debt.


								01:16:58.334 --> 01:17:04.578

								So not only in the US, but this would have worked quite well for the Bank of England as well.


								01:17:04.658 --> 01:17:06.739

								This is how the Bank of England was born.


								01:17:07.259 --> 01:17:12.241

								So they say warfare is the health of the state.


								01:17:12.622 --> 01:17:13.942

								That's not really quite right.


								01:17:14.082 --> 01:17:17.164

								It's the health of the central banks is warfare.


								01:17:17.744 --> 01:17:20.566

								So they use that to establish their,


								01:17:22.200 --> 01:17:23.041

								their power.


								01:17:23.181 --> 01:17:31.143

								Now, the entire society is essentially paying them interest on the credit creation now.


								01:17:31.683 --> 01:17:34.965

								But it's it's more brilliant than that.


								01:17:35.445 --> 01:17:42.467

								Even what they did then was they this happened pretty quickly from through.


								01:17:42.547 --> 01:17:47.829

								So the war is consolidated or gave them this vast power.


								01:17:48.496 --> 01:17:57.978

								Then they created the bubble in the 20s, and then they created the collapse in 1929 through 1933 with the bank failures.


								01:17:58.038 --> 01:18:03.960

								And then when they closed the banks in 1933, March of 1933, they put out of business literally all of their competitors.


								01:18:15.982 --> 01:18:19.243

								Over 9,000 banks were not allowed to reopen.


								01:18:19.763 --> 01:18:24.204

								So they comprehensively did that.


								01:18:24.624 --> 01:18:30.386

								The only banks allowed to reopen were the Federal Reserve System banks.


								01:18:30.506 --> 01:18:31.106

								Pretty neat.


								01:18:32.307 --> 01:18:34.227

								Yeah, that is spectacular.


								01:18:34.927 --> 01:18:43.430

								Then they confiscated the gold from the public shortly thereafter that.


								01:18:44.718 --> 01:18:47.200

								It was basically kind of a one-two punch.


								01:18:47.260 --> 01:18:49.222

								That also happened in March.


								01:18:49.722 --> 01:18:54.906

								So now what I point out in the book, you know, I'm from Cleveland.


								01:18:55.526 --> 01:19:07.955

								They built, the Federal Reserve Bank in Cleveland has the largest bank vault in the world with the largest hinge ever on a bank vault.


								01:19:08.756 --> 01:19:10.297

								And they built that in 1923.


								01:19:12.668 --> 01:19:16.551

								So what did they think they were going to put in this vast vault?


								01:19:17.051 --> 01:19:19.253

								Why were they building that in 1923?


								01:19:19.933 --> 01:19:22.355

								So we got the answer 10 years later.


								01:19:22.415 --> 01:19:25.076

								They work on these kinds of 10-year cycles.


								01:19:25.797 --> 01:19:29.820

								So the rationale was they had to have the gold.


								01:19:29.880 --> 01:19:37.485

								They had written it in the Federal Reserve Act that the Federal Reserve could only expand credit based on the gold it held.


								01:19:38.085 --> 01:19:42.008

								So they claimed that they had to have the gold in order to expand credit.


								01:19:42.383 --> 01:19:44.344

								But then they did not expand credit.


								01:19:44.764 --> 01:19:47.806

								They kept conditions tight for years.


								01:19:48.867 --> 01:19:50.988

								So what was the purpose of taking the gold?


								01:19:51.048 --> 01:19:53.449

								It was so there was no parallel system.


								01:19:54.090 --> 01:19:57.732

								There was nothing else that could start up to oppose them.


								01:19:58.412 --> 01:20:07.798

								So it was comprehensive and they were willing to destroy the economy.


								01:20:08.359 --> 01:20:10.881

								They were willing to destroy the U.S.


								01:20:10.961 --> 01:20:15.904

								economy and really the global economy because this was not just the U.S.


								01:20:15.944 --> 01:20:17.325

								that was affected by this.


								01:20:17.705 --> 01:20:19.026

								It was a global depression.


								01:20:19.827 --> 01:20:28.673

								So that shows when you really go back and look at it, they're absolutely willing to do this kind of thing.


								01:20:31.414 --> 01:20:34.336

								I definitely agree with that wholeheartedly.


								01:20:36.077 --> 01:20:42.080

								I'm going to ask you to pivot really quick and you don't have to talk very long about it.


								01:20:42.200 --> 01:20:43.621

								Bitcoin is a good asset.


								01:20:43.681 --> 01:20:44.842

								Bitcoin is crazy.


								01:20:44.922 --> 01:20:46.302

								Bitcoin is NSA.


								01:20:47.263 --> 01:20:50.024

								Yeah, I would say that.


								01:20:51.085 --> 01:20:56.228

								I mean, I'm not an expert on that, but my take on it is it is NSA.


								01:20:57.328 --> 01:20:58.549

								I say to people,


								01:20:59.267 --> 01:21:08.854

								Sure, I mean, you could have some, but I wouldn't think that that is gonna rescue you.


								01:21:09.174 --> 01:21:18.541

								It's too easy to have a backdoor into it, to get people into this and then make it, it can be very easily be made unavailable.


								01:21:20.223 --> 01:21:27.608

								The body language around it just has not been right, that for many years, it was not taxed at all.


								01:21:28.066 --> 01:21:34.469

								You know, the banking cabal does not allow something like that to happen unless they want it to happen.


								01:21:34.649 --> 01:21:36.349

								Oh, that's an interesting point.


								01:21:36.389 --> 01:21:37.410

								That's an interesting point.


								01:21:39.390 --> 01:21:39.871

								Interesting.


								01:21:41.611 --> 01:21:47.214

								Another question that I had that's now slipping my mind.


								01:21:50.628 --> 01:22:07.363

								You said very specifically that the central clearing parties or counter parties seem to have been designed failure point yes, and and so Who who like are those American people that run those companies?


								01:22:07.423 --> 01:22:10.746

								Are they international people like how are those set up?


								01:22:11.146 --> 01:22:16.591

								I'm just a guy who thinks of like Donald Trump had a bunch of LLC's, but if we're thinking about central


								01:22:17.631 --> 01:22:18.892

								Clearing counterparties.


								01:22:18.932 --> 01:22:21.593

								Are they are they is it called?


								01:22:21.653 --> 01:22:22.773

								Is it a corporation?


								01:22:22.893 --> 01:22:27.515

								Is it something that is formed legally or something?


								01:22:27.535 --> 01:22:46.903

								They would be you know corporate entities, okay So with stockholders and everything Well, no, they're not publicly There for example depository trust is owned by its members its clearing members and


								01:22:47.521 --> 01:22:50.703

								So they're the biggest banks.


								01:22:51.383 --> 01:22:56.685

								And so the members, the members that control Depository Trust are J.P.


								01:22:56.725 --> 01:22:59.747

								Morgan and... Oh, OK.


								01:22:59.807 --> 01:23:00.647

								Now I see.


								01:23:00.667 --> 01:23:02.948

								So it's not owned by the public.


								01:23:03.048 --> 01:23:12.773

								It's owned and controlled by these, essentially the cabal owns and controls Depository Trust.


								01:23:13.213 --> 01:23:14.013

								Now, there are


								01:23:17.359 --> 01:23:30.908

								You know, the Chicago Mercantile Exchange is also a central clearing counterparty, but there's a reciprocity where they're using the collateral from depository trust.


								01:23:31.349 --> 01:23:37.573

								So there's a kind of plumbing, there's a kind of ecosystem with these central clearing counterparties.


								01:23:38.514 --> 01:23:45.659

								And they are, they're, you know, they are, they're different entities in different,


								01:23:46.479 --> 01:23:52.161

								parts of the world, you know, but they're, they're, they're modeled on depository trust work.


								01:23:52.361 --> 01:23:56.262

								And you said something about it being, uh, at some point it's going to be automatic.


								01:23:56.302 --> 01:24:13.247

								So I was thinking more like this would be a decade of court cases, but you're saying that when a collapse happens, it'll be a, that's been the whole point of this is finality that this is what James Rogers, the guy who explained, you know,


								01:24:13.766 --> 01:24:20.250

								drafted the changes to the UCC, what they're saying is we can't know who owns what.


								01:24:20.411 --> 01:24:31.178

								All we can know with certainty is that there's finality for the secured creditor to take the pooled assets.


								01:24:32.119 --> 01:24:39.464

								And so the taking occurs with no judicial review.


								01:24:40.342 --> 01:25:09.594

								while and that would be that was already the the the principal legal principle you also said was solidified by the lehman brothers settlement or whatever they did with lehman brothers so they basically could even be that both sides of that case cooperated to make sure that the results of that case were exactly what they wanted to be i think it was uh... i mean while while you really i think we need was essentially uh... uh...


								01:25:11.742 --> 01:25:37.708

								you know, sacrifice was used to create the pretext for these, the legal certainty that the secured creditors keep the assets, but also making a sufficiently frightening crisis to justify, you know, unlimited powers and for the Fed and


								01:25:40.649 --> 01:25:44.452

								moving toward central clearing without any question.


								01:25:45.173 --> 01:25:51.538

								So let me just explain for your group here what happened in Lehman, which is pretty shocking.


								01:25:52.078 --> 01:26:05.249

								Some people say, well, the retail investors were made whole, and they get confused about that because


								01:26:06.449 --> 01:26:19.498

								Um, what happened was the retail accounts, that ox was not gored directly, but, but what happened was, um, all retail accounts were encumbered in the bankruptcy.


								01:26:20.539 --> 01:26:21.479

								So that was clear.


								01:26:21.780 --> 01:26:31.406

								Everybody was stuck in the bankruptcy, which would not have occurred prior to these changes, um, to, to the uniform commercial code.


								01:26:32.407 --> 01:26:32.527

								Um,


								01:26:33.573 --> 01:26:35.894

								which were not fully implemented until 2001.


								01:26:36.635 --> 01:26:41.098

								So, you know, we're we're this is the preparation.


								01:26:41.718 --> 01:26:48.522

								So what they did was basically they sold the Lehman retail business.


								01:26:49.122 --> 01:27:01.450

								But if you think about it, you're in the midst of a financial collapse and your broker goes bust and you have no access to your accounts now during the crisis.


								01:27:02.031 --> 01:27:22.407

								And the analogy I use is, if you come out of your house to go to work in the morning and your car is gone, and then a month later, the police bring back a car, not necessarily your car, but a car, does that mean that your car was not stolen?


								01:27:23.448 --> 01:27:28.732

								That's basically what happened there with the retail clients.


								01:27:28.792 --> 01:27:30.554

								But the more frightening thing


								01:27:31.229 --> 01:27:37.153

								is to think that the biggest, most sophisticated players, what happened to them?


								01:27:38.214 --> 01:27:47.180

								They had treasury securities that was their collateral that they were going to use.


								01:27:47.301 --> 01:27:50.563

								They needed to have during the crisis to operate with.


								01:27:51.484 --> 01:27:54.286

								And so Lehman was their broker.


								01:27:54.766 --> 01:27:55.266

								J.P.


								01:27:55.306 --> 01:27:58.969

								Morgan was the custodian for their assets.


								01:27:59.910 --> 01:28:08.016

								And JP Morgan was also the secured creditor that took their assets in the bankruptcy.


								01:28:08.697 --> 01:28:14.401

								So it was both their custodian and the secured creditor that took the client assets.


								01:28:14.861 --> 01:28:16.062

								Now, how did that happen?


								01:28:17.103 --> 01:28:27.511

								Lehman was using the client assets in swap contracts for its own financing with JP Morgan.


								01:28:28.030 --> 01:28:32.032

								including right up to the bankruptcy itself.


								01:28:32.573 --> 01:28:34.374

								So right on the eve of the bankruptcy.


								01:28:35.054 --> 01:28:52.665

								And JP Morgan, it's clear, JP Morgan knew they were using the client assets and knew they were using the client assets in escalating amounts right into the bankruptcy and then took them under these contracts.


								01:28:52.805 --> 01:28:55.967

								Again, it's the operation of the contracts in the bankruptcy.


								01:28:57.035 --> 01:29:04.861

								And so five years later, there is a bankruptcy court decision.


								01:29:05.001 --> 01:29:10.566

								So these big players, you'd think, well, they would be able, the big boys would be able to protect themselves.


								01:29:10.626 --> 01:29:13.548

								These are some of the biggest institutions in the world.


								01:29:14.369 --> 01:29:24.897

								And they sued to try to recover their assets under this argument of constructive fraudulent transfer.


								01:29:26.207 --> 01:29:43.657

								And the idea of constructive fraud is that the assets are transferred out without consideration having been given for the assets and on the eve of the bankruptcy, which is clearly what happened.


								01:29:44.077 --> 01:29:51.201

								So that would have been it's called constructive fraud because you don't even have to prove anything just on the face of it.


								01:29:51.261 --> 01:29:52.061

								It's fraudulent.


								01:29:52.661 --> 01:29:52.921

								But


								01:29:54.503 --> 01:29:59.445

								The bankruptcy court found that J.P.


								01:29:59.485 --> 01:30:10.168

								Morgan was entitled to keep the client assets because that is exactly what is intended under the expanded safe harbor protections.


								01:30:10.988 --> 01:30:14.729

								And that the only question was whether J.P.


								01:30:14.789 --> 01:30:21.491

								Morgan was entitled as a member of the protected class.


								01:30:22.572 --> 01:30:23.592

								And they found that


								01:30:24.093 --> 01:30:26.676

								They use that term that J.P.


								01:30:26.696 --> 01:30:33.543

								Morgan, as one of the biggest financial institutions, is clearly a member of the protected class.


								01:30:34.344 --> 01:30:46.757

								So it's it is this was really the purpose of the Lehman failure was to make this all crystal clear that that's how it's going to operate.


								01:30:48.456 --> 01:30:48.896

								Wow!


								01:30:49.037 --> 01:30:50.778

								I mean, I don't know what to say.


								01:30:50.798 --> 01:31:02.786

								I'm really excited because one thing is for sure, me seeing your Red Pill presentation and then that little group presentation at the end really made this sink in well.


								01:31:04.908 --> 01:31:16.997

								It's a really big picture kind of... What percentage of the people that are working in these industries do you think are aware of this and others are just going on thinking they're...


								01:31:17.691 --> 01:31:20.533

								They're just, you know, in the place where the money turns around.


								01:31:21.694 --> 01:31:26.118

								Well, you know, it's people don't want to know.


								01:31:26.138 --> 01:31:38.048

								I would say that, for example, I met with the top securities attorney at one of the banks in Sweden.


								01:31:38.589 --> 01:31:41.051

								This was some years ago.


								01:31:41.111 --> 01:31:45.655

								This is when I was trying to prevent Sweden from going along with this.


								01:31:46.827 --> 01:31:49.609

								And so this is the top securities attorney.


								01:31:49.989 --> 01:31:51.730

								He did not know anything about this.


								01:31:52.270 --> 01:31:59.854

								He had to go away for several days and come back and acknowledge that, yes, this is true.


								01:32:00.334 --> 01:32:00.654

								Wow.


								01:32:00.854 --> 01:32:03.696

								And that's that's how it is.


								01:32:04.336 --> 01:32:09.519

								People people will find that if they go to their, for example,


								01:32:13.213 --> 01:32:22.580

								Chris, Chris Martinson has done a lot of work on this and segments on this, and I appreciate what he's done because he's really gone and drilled down into it.


								01:32:23.441 --> 01:32:38.492

								And he said, I'm not sure if he says it in the in one of the interviews, but he told me that he found he had to go up four layers of management where it was denied, denied, denied, and then ultimately


								01:32:39.281 --> 01:32:41.923

								The answer was, well, yes, this is true.


								01:32:41.943 --> 01:32:43.724

								This is the case.


								01:32:43.804 --> 01:32:48.048

								So the people on the front lines do not know this.


								01:32:48.628 --> 01:32:50.689

								You know, your broker is not gonna know this.


								01:32:50.770 --> 01:32:53.672

								And this is, this again is the sight of hand.


								01:32:53.732 --> 01:32:59.676

								What they do is in federal law, there are supposedly protections.


								01:33:00.517 --> 01:33:03.199

								And this is the sight of, it's the misdirection.


								01:33:03.279 --> 01:33:04.500

								Watch this hand.


								01:33:05.020 --> 01:33:07.402

								This is the federal law protecting you.


								01:33:08.328 --> 01:33:09.608

								Keep your eye on that hand.


								01:33:09.628 --> 01:33:18.711

								And what the federal law is saying is that by law, the broker has to keep the client assets separate from the broker's assets.


								01:33:19.992 --> 01:33:23.113

								That is in the books and records of the broker.


								01:33:23.613 --> 01:33:29.415

								Meanwhile, they are all in the same pool at the higher level.


								01:33:29.995 --> 01:33:32.616

								It's called the indirect holding system.


								01:33:33.476 --> 01:33:36.497

								So that the broker at the broker level


								01:33:37.259 --> 01:33:40.515

								they don't have to know anything about that.


								01:33:41.713 --> 01:33:42.454

								Yeah, I see it.


								01:33:42.854 --> 01:33:43.675

								I see it clearly.


								01:33:43.735 --> 01:33:44.035

								Wow.


								01:33:44.335 --> 01:33:57.747

								It's it's it is mind boggling to me that it's as simple, in some ways, when you explained it also, that Sweden was able to implement their system, but still maintain some record of ownership.


								01:33:57.847 --> 01:33:59.048

								And that was annoying to them.


								01:34:00.009 --> 01:34:02.711

								Very clear, clearly and easily done.


								01:34:02.751 --> 01:34:05.073

								This is what shows the intention.


								01:34:05.533 --> 01:34:08.296

								It absolutely could be done to protect people.


								01:34:08.356 --> 01:34:09.757

								That is not the intention.


								01:34:11.089 --> 01:34:11.249

								Yeah.


								01:34:11.649 --> 01:34:16.610

								So, um, I have seen a link in my chat a couple of times to a PDF.


								01:34:16.690 --> 01:34:19.771

								Is that freely available in different places, including the web?


								01:34:20.431 --> 01:34:20.691

								Okay.


								01:34:20.991 --> 01:34:21.211

								Yeah.


								01:34:21.251 --> 01:34:28.192

								You can go to the great taking.com and it's a free PDF.


								01:34:28.252 --> 01:34:29.373

								You can download it.


								01:34:29.973 --> 01:34:34.634

								That is really what has allowed this to spread globally.


								01:34:35.714 --> 01:34:40.855

								Um, and I would, I would say that, I mean, it's possible that,


								01:34:41.678 --> 01:34:44.781

								you know, millions of people have this at this point.


								01:34:46.743 --> 01:34:55.090

								And so that's a very hopeful thing because there are, it's been examined.


								01:34:55.891 --> 01:34:57.172

								No one can refute this.


								01:34:57.512 --> 01:34:58.813

								It's absolutely the case.


								01:34:59.114 --> 01:35:02.637

								And you might say, well, then we're all screwed.


								01:35:02.657 --> 01:35:06.781

								I mean, this isn't that bad, but it's good


								01:35:09.008 --> 01:35:18.772

								that it is so apparent, unlike this is where I'm saying they're coming at us in this full spectrum hybrid war.


								01:35:20.373 --> 01:35:25.555

								And we're never going to prevail if we have to take all these threats one by one.


								01:35:25.575 --> 01:35:27.136

								It's just too much.


								01:35:27.656 --> 01:35:29.877

								Yeah, well, I think a lot of these threats aren't real.


								01:35:29.937 --> 01:35:36.040

								It sounds like your threat is a lot more real than the circulating coronavirus that's been going around for the last five years.


								01:35:36.100 --> 01:35:37.681

								And that's what bothers me the most.


								01:35:39.212 --> 01:35:51.522

								The more unreal things our kids are concerned with, the less likely their parents are to figure out how our assets are being stolen, how our life's work is being robbed.


								01:35:53.317 --> 01:35:53.637

								I don't know.


								01:35:53.677 --> 01:35:55.439

								I think this is a really important message.


								01:35:55.499 --> 01:35:57.882

								I think your work is really, really important.


								01:35:57.922 --> 01:35:59.464

								I don't want to take up too much more of your time.


								01:35:59.504 --> 01:36:01.626

								And I also want to keep this video a little bit succinct.


								01:36:02.026 --> 01:36:08.173

								Okay, so I think it points rightly at who is behind all this.


								01:36:08.734 --> 01:36:11.356

								You see all the all the misinformation.


								01:36:12.273 --> 01:36:38.411

								all this so i might i might stop you there and challenge you just just because i can um you you say that it says who's behind it but who who would we say is like who would we summarize it is it jp morgan oh as a you know the clearly jp morgan has been behind this for decades okay so it's it's entity jp morgan entities like jp morgan


								01:36:39.292 --> 01:36:45.865

								Um, what, what, what I think the really urgent thing to know is if you want all these.


								01:36:46.533 --> 01:36:50.436

								that all these threats against us are being funded somehow.


								01:36:50.797 --> 01:36:52.919

								It's not your tax dollars doing it.


								01:36:53.439 --> 01:36:57.342

								This is created money on a vast scale globally.


								01:37:00.025 --> 01:37:08.632

								So it's the taxation system is basically just a means of harassing and- Oh, wow.


								01:37:08.692 --> 01:37:10.314

								What a great statement that is.


								01:37:10.494 --> 01:37:10.954

								I love it.


								01:37:11.915 --> 01:37:19.143

								So if you want all the threats against you to stop, good luck taking them one by one.


								01:37:19.563 --> 01:37:20.464

								You can't do it.


								01:37:21.485 --> 01:37:28.252

								As I say, the one ring that binds them all is the central banking power.


								01:37:29.593 --> 01:37:35.199

								So very simply, what you would do is revoke the Federal Reserve Act.


								01:37:37.128 --> 01:37:42.749

								You have to literally, and this is Stockholm syndrome, that people think, oh, well, you couldn't do that.


								01:37:43.349 --> 01:37:44.090

								Yes, you can.


								01:37:44.110 --> 01:37:55.852

								It is that power that controls all the political parties, all the governments, all the media, everything that is arrayed against you.


								01:37:56.412 --> 01:37:59.453

								You are essentially sharpening the ax that is aimed at your neck.


								01:38:05.163 --> 01:38:13.646

								And the only way to stop, and the problem is we are now, they're in a phase now where they can't stop.


								01:38:14.206 --> 01:38:17.307

								So we're going into an escalating global war.


								01:38:17.447 --> 01:38:19.128

								A lot of people are dying now.


								01:38:19.668 --> 01:38:22.489

								It's already happening and it's going to escalate.


								01:38:23.410 --> 01:38:26.831

								And it will be on the scale of World War I, World War II.


								01:38:26.871 --> 01:38:29.092

								You know, this is what we're going into.


								01:38:30.328 --> 01:38:31.729

								It has to be stopped.


								01:38:31.789 --> 01:38:35.111

								We have to face up to the reality.


								01:38:35.471 --> 01:38:37.933

								So that is why this is a gift.


								01:38:38.513 --> 01:38:52.963

								It focuses rightly on who is behind this and it can unite people all the way to the top of the system and globally in this understanding that that's where it has to be stopped.


								01:38:54.062 --> 01:38:54.322

								Wow.


								01:38:55.083 --> 01:38:57.504

								Um, can I just say thank you for coming on the show.


								01:38:57.544 --> 01:39:00.626

								I'm sorry it took you so long or me so long to get my act together.


								01:39:00.906 --> 01:39:06.550

								And, uh, I will, I will promise to do a study hall of one of your other presentations.


								01:39:06.650 --> 01:39:12.654

								And then, um, maybe I can contact you in a couple of weeks with some better questions and some deeper understanding, and maybe we can do it again.


								01:39:13.414 --> 01:39:13.915

								Absolutely.


								01:39:13.935 --> 01:39:17.437

								JJ, I want to say, I enjoyed meeting you so much and, uh,


								01:39:18.217 --> 01:39:20.439

								It was kind of meant to be.


								01:39:20.679 --> 01:39:25.844

								We bumped into each other, and it was a powerful experience for me.


								01:39:26.064 --> 01:39:27.226

								Me too, man.


								01:39:27.386 --> 01:39:29.988

								I can't stress enough how that's exactly how I feel.


								01:39:30.028 --> 01:39:33.011

								So I'm really excited we finally made this happen, and I will be in touch.


								01:39:34.052 --> 01:39:34.392

								OK.


								01:39:34.692 --> 01:39:34.973

								Thanks.


								01:39:35.073 --> 01:39:35.433

								Thank you.


								01:39:35.453 --> 01:39:36.414

								All right.


								01:39:36.554 --> 01:39:37.235

								Bye, everybody.


								01:39:38.430 --> 01:39:42.253

								Wow, wow, wow, wow, wow, wow.


								01:39:42.353 --> 01:39:44.255

								Okay, so sometimes you just get lucky.


								01:39:44.575 --> 01:39:50.360

								And I got to thank G. Edward Griffin for inviting me to the Red Pill Show.


								01:39:51.101 --> 01:39:59.729

								And I can't, I got so lucky because actually after the Red Pill Conference, wow, this is not.


								01:40:05.114 --> 01:40:05.514

								There we go.


								01:40:06.375 --> 01:40:13.719

								After the red pill, actually, I found myself, we were kind of on the way to the airport at the same time.


								01:40:17.261 --> 01:40:26.087

								And so we shared a Uber to the airport together before we realized that another friend from Sweden actually had a rental car.


								01:40:26.147 --> 01:40:30.549

								So then he went in the rental car and David and I took a


								01:40:33.447 --> 01:40:49.166

								an uber together and then we spent the rest of the week as we're waiting for the same flight and then actually that flight was the flight where Dave David sat in front of me on the plane in the middle seat which is a fun seat for me.


								01:40:50.067 --> 01:40:53.649

								And then right next to David sat Andy Kaufman.


								01:40:53.689 --> 01:40:55.610

								So that was a real interesting.


								01:40:56.210 --> 01:40:59.451

								It was interesting to be a fly on the wall for that.


								01:40:59.891 --> 01:41:05.234

								I will confess that occasionally I put my ear in between the seats to try and hear what they were talking about.


								01:41:06.074 --> 01:41:07.195

								But I didn't hear very much.


								01:41:08.075 --> 01:41:12.397

								And as you know, I did say hello to Andy Kaufman after we got off the plane.


								01:41:13.097 --> 01:41:19.018

								Ladies and gentlemen, intramuscular injection of any combination of substances with the intent of augmenting the immune system is dumb.


								01:41:19.538 --> 01:41:24.119

								Transfection in healthy humans is criminally negligent and RNA cannot pandemic.


								01:41:24.559 --> 01:41:26.720

								Thank you very much for joining me on the show.


								01:41:27.100 --> 01:41:37.222

								There are other ways to say it, and I think one of the best ways to say it is to refer to weaponized piles of money, which I think I've got a little tiny bit


								01:41:37.862 --> 01:41:50.469

								better understanding of what weaponized piles of money are capable of doing and how they're being positioned to extract as much wealth as possible from us and eventually, in a collapse, grab it all.


								01:41:51.009 --> 01:41:56.932

								So which is, that's pretty disturbing, but it's also a very important message and one that I think David is right about.


								01:41:56.972 --> 01:41:57.852

								It could unite us.


								01:41:57.932 --> 01:42:05.476

								It could bring us all together, rich and poor, so that we all realize how much this has been orchestrated in


								01:42:06.937 --> 01:42:12.426

								in terms of, you know, even this mythology here and how much we've argued about it while this stuff has been going on behind the scenes.


								01:42:13.128 --> 01:42:18.617

								So yeah, stop all transfections in humans because they are trying to eliminate the control group by any means necessary.


								01:42:19.378 --> 01:42:20.260

								And yeah.


								01:42:21.860 --> 01:42:25.463

								There was a really, really, really good show yesterday.


								01:42:25.984 --> 01:42:40.457

								So if you didn't see it, skip the beginning and watch the reading of that paper because you can really see how Joshua Lederberg and others have really been formative in our understanding of these ideas and form


								01:42:40.957 --> 01:42:53.381

								melding them, wordsmithing them, if you will, into the shape that is the least threatening to our irreducible complexity, the sacred biology that we all have reverence for.


								01:42:54.801 --> 01:42:59.883

								Ladies and gentlemen, if you enjoyed the show, please share the stream at stream.gigaohm.bio.


								01:43:00.883 --> 01:43:08.105

								I am going to convert solely to gigaohm.bio as my means of communication within the next week.


								01:43:08.125 --> 01:43:10.266

								That means I will not be on X anymore.


								01:43:10.826 --> 01:43:15.749

								If I'm on X it will be only to post the time of the show and that's it.


								01:43:15.789 --> 01:43:34.882

								So that transition is going to happen really fast and that transition has been spurred in part by the absolute angel in the chat named Pamela who has kind of slapped me on the head and made me realize that that community is coming together and that work is happening there and I'm ignoring it.


								01:43:35.762 --> 01:43:51.272

								And so after underestimating the uptake on PeerTube and on Soapbox, I think it's time for GigaOM to kind of convert to that as being the primary front and not Twitter and not Twitch anymore.


								01:43:52.133 --> 01:43:53.654

								So that's where we're going.


								01:43:53.674 --> 01:43:55.035

								That's definitely the plan.


								01:43:55.255 --> 01:43:57.817

								And short courses are coming next week.


								01:43:57.917 --> 01:43:59.037

								So get ready.


								01:43:59.057 --> 01:43:59.718

								Buy a notebook.


								01:44:00.498 --> 01:44:01.199

								I'm pretty excited.