Why Treasury Buybacks Are Moving Markets

The market did not just “have a good day” for Bitcoin. We watched Bitcoin rip higher alongside gold and silver, then followed the trail back to what really moves everything: rates, debt service, and policy decisions inside the US Treasury. When the government is spending billions per day on interest, the incentives get ugly fast, and the fixes tend to look like intervention. We break down what Treasury buybacks mean, why yields can drop without the Fed, and how that kind of shift can light a fire under credit, liquidity, and inflation expectations.

Then we go deeper on the part most people are still missing: tokenization. We talk stablecoins, the Genius Act, the push for clearer crypto regulation, and why dollar-backed stablecoins could actually reinforce US dollar dominance by increasing demand for US Treasuries. We also explore tokenized securities and what it means if stocks trade as tokens 24-7, with global access and easier fractional ownership. That leads to a blunt warning: in a system flooded with liquidity, asset holders usually win, so getting off zero matters.

We round it out with real estate timing, a Canada trade deal that changes the math for farmers, escalating economic warfare against Iran, and a modern privacy lesson after a story about law enforcement showing up over social media DMs. If you care about Bitcoin, macroeconomics, stablecoins, tokenization, mortgage rates, housing affordability, and digital privacy, this one connects the dots. Subscribe, share this with a friend who watches markets, and leave a review with your biggest takeaway.

Transcript

Welcome Peasants And Morning Roll Call

SPEAKER_02 0:29

Let me take the screen every time we get a little bit of a gun for sure. It's a little gun. It's a little gun. Peasants, ma'am. We're just peasants. Every one of us. You watch those old movies. You see the peasants in the background with the kings and kings walking around. We're those people. We're those people. Good morning, peasants. Welcome to another episode of The Peasants Perspective. How are you doing this morning, Ron? Pretty good? Awesome. Oh, great, great. I know you had an excellent morning. Oh, Carlitz is already here. Howdy, y'all. Top of the chart. Sarah Sings. Good morning. She's coming all the way from Oklahoma. Bray the Rosary Daily from down in San Diego for Razure. Great morning in Boise, Idaho. Carlito and Tiffany. Good morning from the YouTube. Welcome, welcome, guys. Yeah.

SPEAKER_09 1:38

I love how you know all of our people watching and you know where they live and you know their dogs are.

SPEAKER_02 1:44

I wake up every morning and think, oh, I gotta get up. Carlito's gonna be waiting. It's great. Marking, 91343, Wisconsin calls. That's wonderful. We're like corner to corner in the country. I know we got Florida, we got San Diego. All we need now is someone up in Maine. Maybe someone in Nova Scotia. Let's get the whole thing going on there. Obviously, we're coming to you from the great Pacific Northwest, the upper left, about as far up left as you can get in the continental United States. Good morning, peasants reporting live from Boise, Idaho, where it's Thursday, which means we're only one bad decision away from calling it the weekend. Thundering Oak, good morning from Michigan out there making cheeseburgers for Ron. That's fun. That's fun. Douglas Wyatt, all the way from Maryland. Yes. Good morning, peasants. This is amazing. Isn't it great? I love it. Coast to coast. Coast to coast. Right. I'll never forget Doug Wyatt being like, I listened to Taylor at Peasants Perspective and Steve Bannon on War Room. Two people I spent time in federal prison with. I don't know if there's anybody else that has two former, you know, prison friends that have nationwide podcasts, which we come to you every morning from 6:30 a.m. Pacific time to whenever we're done talking. So that's so fun.

The Simultaneous Sip Ritual

SPEAKER_02 3:02

All right, let's get going here with the simultaneous sip. And I know why all you guys show up bright and early. All you need is a cuff or a mug or a glass, a tank or a chalice, a sine, a canteen, jug, or flask, a vessel of any kind. Fill it with your favorite liquid. I like coffee this morning. And join me now for the unparalleled pleasure of the dopamine hit of the day. The thing that makes everything better, the simultaneous sip, and it starts right now.

SPEAKER_09 3:36

Didn't even know what he was saying.

Bitcoin Rips And Hard Assets Surge

SPEAKER_02 3:38

Bitcoin, bro, bitcoin. Oh, huge day in Bitcoin yesterday. I don't know if you guys know or not, but it has gone up 10.45% in the last 24 hours. While we were on the show yesterday, it went for a run. It went up like six, seven thousand dollars in a few minutes. Pretty much every hard asset class did. And then it continued to climb all day long. About this time yesterday, we were sitting at like 62,000. And now we're we've pushed up over 72,000 already this morning. That is a lot of fun. Yeah, silver and Bitcoin and are rising. Absolutely, they are. What is silver spot at? Uh silver took the got the least gains yesterday. I do know that. Let's see. Silver is at 6764. It's up 3%, 3.66%. And I'll, I mean, I'll take it. You know, it's better than down. It doesn't feel very good when your all-time highs were like 124. Bitcoin was 124,000. It doesn't feel very good when you ride that wave down. I remember when the real estate market crashed. I was like, this doesn't feel good, Ron. I remember buying a house, it was like my 26th deal or something like that. And we'd been just rolling, just rolling equity forward, you know, with making money. All of a sudden we got into the subject two property, which means we took over a lady's mortgage that was in default. So we cured the mortgage. You know, this is 20 years ago. So we put in like $11,000 to cure the mortgage. Then we put another $28,000 into rehab. And then we listed it and dropped the price and drop the price and drop the price and drop the price. And then I had to cut a check at the title company to make it go away. And I was like, why did we do that? That sucked. We saved a lady from foreclosure at about $50,000 of expense to our yesterday. Donald Trump met with a lot of crypto advisors in the White House, and he had this to say.

SPEAKER_11 5:28

One year ago this summer, I signed landmark legislation known as the Genius Act. I named it after myself. I didn't want anyone to I didn't want to use my name, so I just called the Genius Act. Paving the weekly what it's done.

SPEAKER_02 5:48

By far. I don't want to name it after myself, so I just called it the genius. He's a stable genius, that's for sure. Let's see. Oh, that can't make me make me happier. That is awesome. Let's take a look at this. We are going to talk about financial financial stuff a little bit today. We're not going to try to necessarily shield for Bitcoin, but this is a big deal right now. And obviously, yesterday, that was the big, big center of the news was Donald

Debt Interest Costs And A Broken System

SPEAKER_02 6:15

Trump meeting with a lot of cryptocurrency and Bitcoin leaders in the White House. So let's look at this. This comes from the Kobe Kobisi letter? Kobasi letter? Kobisi letter. I hate the fact that I can't pronounce anything these days. What stops this train? The U.S. government is now spending $3.8 million on interest per day. By 2028, estimates show that the U.S. will spend $5 billion per day on interest, more than any other category. To put this into perspective, the U.S. now spends $3.1 billion per day on Medicare, $2.5 billion per day on defense. When the cost of your debt becomes your biggest daily outlay, you know something is broken. Intervention by the U.S. Treasury is only a short-term solution. You can imagine this in your own home finances. If you pay more money out in interest than all of your other static expenses combined, food, healthcare, all that kind of stuff, if your credit card interest, mortgage interest, and your car interest, those interest payments combined, are more than 50% of your total income, you're just throwing it out the door. You're throwing it out the door. That's where the United States is at. So to put this on a chart so people can comprehend this fully, right here up on the screen, in 2000, you can see this rise in the interest. This is the percentage of or amount of interest paid, right? This is the dot-com bubble. Here's the 2008 financial crisis, which you know most people listening to this show remember is pretty bad. Here's the 2020 pandemic right here. This is where we're at now. This is like a multiple, this is a one and a half times X, worse than we were during the pandemic, worse than we were during the financial crisis, and worse than we were during the dot-com bomb.

SPEAKER_09 7:52

This is like the volcano is blowing and nobody's talking about it.

SPEAKER_02 7:56

Oh no, they're talking about it. They're talking about it, but the plebes, us little guys, we have no idea what's going on. So let's talk about what they did yesterday. So yesterday, they decided to dump Mark uh Scott Bessett decided he was going to buy treasury yields double or treasury notes at double the rate. So they were buying $2 billion a day. Now they're buying $4 billion a day. What is this? This is the big print. That's like I mean, they 100% increase boom in the in the in the in the space of an ex post, right? So here's what here's what that did to the interest rates. The crash yesterday. So the 30 you can see that the uh the highest yield on the note since 2007 happened. Treasury announced its intervention, and long-term US yields dropped sharply. So interest rates dropped yesterday. Rather than as a forcing function of the Fed, it became a force and forcing function of the Treasury and it drove the yields lower. What is it? What happens to credit markets when interest rates go down? People borrow, right? Which leads to what? Generally inflation. The problem is for we the people, the way the system is set up, high inflation, we can't high interest rates to tamp inflation is painful. When there's low interest rates, money's flowing, right? It it I, as someone who's kind of been a small business owner, I like the times when interest rates are lowing because money is flowing. When interest rates go up, it becomes stagnant. And you can't raise your wages in the face of stagnating uh money, right, with high interest. There's just not enough money floating around. It's all hard money, which means goods and services have to be exchanged. There's no credit exchanged for this money. So it makes a big difference in uh how small business owners operate. So interest rates coming down on one hand is a good thing, but it also signals inflation coming ahead, which is why yesterday all the big asset classes uh that are hard money, gold, silver, uh Bitcoin, and treasury notes all exploded, right? They all had huge uh drivers upwards. And there were some other things that happened. The equity markets, right, the stock markets around the world

Treasury Buybacks Push Yields Down

SPEAKER_02 10:05

really roiled yesterday, including the Japanese, the Japanese market. So this is coming from Stern Drew. The bond market just broke. Japan dumps $26 billion in treasuries while America is buying back its own bonds. Today the U.S. Treasury admitted the long end of the bond market is broken. Nobody wanted a 10-year, 20-year, or 30-year debt. The 30-year yield slammed into its highest level since 2007, peaking near 5.33%. So, what did they do? They announced they're at least doubling their liquidity buybacks of those exact same long-term bonds from 2 billion max per operation to 4 billion max starting September 9th. So everything we saw in the market yesterday was really a reaction to an announcement that hasn't even taken place yet. So, you know, imagine if just the news rocks things like this. What happens when the bonds actually start getting bought back? They're literally borrowing short-term money to buy back their own long-term debt. Classic desperation move. Bond prices spiked, yields crash nine to ten basis points, the futures ripped higher the second the news drops. Meanwhile, Japan, still the number one foreign holder of U.S. Treasuries, is dumping them to fund currency interventions. The Bank of Japan and finance minister threatened of bold actions to save the yen. Bank of Japan's Yuto apologized for the measures being prepared. June data showed Japan cut holdings by another $26.4 billion down to $1.117 trillion. Feels like a drop in the bucket. That follows the massive U.S. joint Japan yen buying intervention in late July that burned tens of billions of dollars trying to stop the yen from hitting 40-year lows in your 164. The yen has already given back more than half those gains and is back above 159. So all the intervention we did a couple weeks ago, hmm, it's already slipping away. When the biggest foreign buyers is selling treasuries to defend its own currency, the U.S. government is forced to step in and buy its unwanted long bonds. This isn't market support. This is the system flashing red. The famous City of London banker, Lord Belgrave, had already warned about the planned debt, oil, current, and currency crisis at the start of the year. It is now being executed. Yields are the gravity of everything. Your mortgage, stocks, crypto gold. This just got kicked harder and farther. Don't look away. So this is the Japanese stock market. As you can see, it's it was all in the red yesterday. So one of the things that one of the things that makes financial analysis so difficult is there's this, it's the you know that physics experiment that people do where they shoot electrons in a slit, and when they're not observing, the electrons go everywhere. But as soon as they can observe the electron, it shoots straight. You know, there's a lot of woo-woo people, you know, when you look at it, you can make things happen, whatever, right? It's a perception thing. That's but there is an element in physics, even that when you can identify something and you say, Oh, hey, this is a problem, then you can do something to avoid the problem, right? So just knowing about it changes any any calculation of inevitability. It's G.I. Joe, man. Knowing is half the battle. Knowing is half the battle, exactly. It really is, right? What happens is people who sit quietly and kind of get blindsided, they don't see it coming. But there's a lot of people who see it coming and then they take corrective actions to do it. There are a confluence of factors right now. You have a fiat system that is failing. You have overextension, you have leverage, you have too much debt. It's failing. But then at the other side of the token, you have emerging markets. This is no different. I mean, this is no different than when Andrew Jackson had to go rewrite the entire financial system. It caused a depression, but then we had the Gilded Age after that. That's because why? Innovation. It unleashed hard money, sound money into the system, put the credit in the hands of the people, and we got railroads. We got that freaking thing that sorted cotton. I can't remember what it's called. We got the cotton gen. We got subways, we got skyscrapers, we got you know automobiles, we got all these amazing innovations. And what it did is it sucked up all that, any liquidity that there was. We had and and we had a gold standard, again, part of what Andrew Jackson was fighting against. We have a similar thing happening right now. We have this huge emerging marketplace, and we have this opportunity to make critical structural adjustments. It doesn't mean there won't be pain. But what I'm going to show you here is there's already been pain, right? There's already been a lot of pain. So the entire market is like a coiled spring. It's going to explode. The question is, can we contain the explosion? That's the question. Because if you can capture that kinetic energy, that suppressed marketplace, you're the winner. If you don't capture it, it'll spill over and it will go to wherever value is being created. So America really needs to create value and they need to they need to capture this financial explosion. We have massive innovation coming. AI, data centers, robotics, uh, um, telecommunications through space. You're going to see things like cell phones no longer be something that's based on towers, but that's being coming down from space. I mean, they're Starlink's talking about launching a cell phone service. They were trying to buy T-Mobile a little while ago. So there's a lot of incredible things happening. This right here comes yesterday. There was a convention that came out, and this is one of these big financial uh, you know, gurus. I've never heard her name before. It doesn't really matter. Let's just give her the bona fides of the fact that she was on the stage here, okay? But she's going to be talking about the significance of the treasury buybacks and the move Scott Bessons made. There's an old quote from Thomas Jefferson that says that the issuing power of money should be given to the people where it rightfully belongs and not the banks. That if the banks control the issuance of currency, that the people will wake up homeless on the continent that their fathers conquered, first by inflation, then by deflation. They'll rob you of everything. So the people need to control the money. What is the ultimate bank of the people, Ron? I don't know. Oh, like Fort Knox? No. What is the bank of the people? I don't know. The Treasury Department. Okay. Okay. That is the bank of the people. The United States is the government of the people, and the Treasury is the bank of the people. What's the Federal Reserve?

SPEAKER_09 16:35

Um, they're a private entity.

SPEAKER_02 16:37

They're the lender of last resort. That's private entities that have agreed to bail out the Treasury when it doesn't have enough. Well, it's the last resort, but they use them every day. Exactly. So let's listen to this breakdown here because there's a shift

Tokenization Shifts Power From The Fed

SPEAKER_02 16:52

happening. And again, doom, doom, doom, when we're looking at the Federal Reserve dollar fiat system, doom, doom, doom, doom, doom. But this doesn't, but if you can see the doom coming, right, and you've got right the right people in place, apparently Scott Bessant seems to be that, you can shift things back to the people. If you shift things back to the people, you shift it back under control. What even if you said that the Fed and the Treasury act the same, there's one key difference. We get to elect a president who appoints the cat the Treasury Secretary. We got nothing to do with the Federal Reserve. That's the difference, right? It's it's who actually owns the money.

SPEAKER_12 17:28

Just this week we got an incredible announcement that I think a lot of folks did not fully grasp. But I was talking to uh someone who just left the Treasury Department and he confirmed it, which is that uh Treasury put out Genius Act regulations on the recognition of non-U.S. issued stable coins. What does that mean? It means the Treasury Department is taking charge of what is allowed to be a so-called Euro dollar, euro yen, euro, euro, euro yuan, right? Um, and for those of us who are financial markets people, we know that the term euro does not mean European. It means an a dollar issued offshore outside of the United States is called a euro dollar. A euro euro is a euro issued outside of the Eurozone, right? So basically these are tokenized fiat currencies issued outside of their home country. And the US Treasury is taking charge of the recognition of the validity of these, that is massive. If you're studying, if you're a student of the financial markets, you know that the euro dollar market is as large as the domestic financial market. That's the off the offshore dollar market. So when the US Treasury is taking control of what is recognized as valid, that is taken from the Fed. So what's really going on here is with the tokenization movement, the Treasury is taking power back over the US dollar, over the Euro dollar markets, and frankly, over the US role in the financial system globally from the Fed. And to put that into Did you get that?

SPEAKER_02 19:15

The US is taking back control of the money around the world from the Fed. From the Fed. So if the Fed is crashing, then don't go down with the ship. That's what's happening here. Yeah, they're a private institution. Let them default. You see what I'm saying? Yeah, let it let it bankrupt itself out of existence. The treasury is taking back all the assets, taking back the debt of other countries. That's a big deal. That's a really big deal because all those UO dollars are not issued by the Treasury, they're issued by the Fed right now, and it's as big a market as ours. Suck it in. Suck it in.

SPEAKER_12 19:52

When we were talking earlier about how antiquated the traditional system is, and that the Fed systems are themselves behind. And part of the challenge with the Genius Act, if you've been watching, all of the other agencies have issued rules, one glaring exception. The Fed has not issued its rules yet. And according to the Genius Act, all of the agencies' rules were supposed to be final a couple of weeks ago. The Fed hasn't even issued theirs yet. So there's a this dynamic going on between the Treasury Department and the Fed. And that is really important because Scott Bessant is a big believer in tokenization. And he is pushing with the Trump administration the system towards tokenization. That is massive. That is not going to be reversible, even if the Republicans lose the next presidential election. And it's going to mean that the Treasury Department is really going to be at the center of financial markets, which is historically what it had been. It's just only in the last couple of decades that it was really the Fed, but that pendulum is swinging hard towards Treasury, and that's really meaningful. However, it also means a lot more volatility. I know we're going to be here from OCC Comptroller Gould. And Jeff, you were talking about the durability of Wyoming's chartering authority. Both of us have chosen to stay in the state system. Part of the risk that those who go with the national chartering from the OCC, which is what most in this industry have done, is that pendulum could swing pretty hard. So we will see more volatility. But uh I'm excited about Treasury taking all of that control back because we are now going to be a much more tech forward financial market. Wow.

SPEAKER_09 21:36

Wow. How's the Fed feel about this?

SPEAKER_02 21:40

The thing is, you've heard him say in the past, we're not tokenizing, we're not doing things. Now, Warsh signaled a big change in this. What it seems to me is Warsh is going to work with Bessent at the Treasury to shift all this over, right? We don't get the upside. When our dollar is used around the world, the treasury doesn't see the upside, right? We uh we they the IRS literally. Collects interest to pay the Fed. I mean, that's what taxes are. We don't collect interest from Europe to pay the Fed. The European nations collect interest to pay the Fed. We don't get, we're not in the middle of it. Now we're going to be in the middle of it. So now we're going to get the interest. So now, hey, we have a huge interest payment. Well, add up everybody else's interest payment. That should be about enough to cover it. Okay. And Scott Bessant sat down with um Scott Bessett sat down. What is her name? A New York Post writer. Uh she broke the Hunter Biden laptop story. Anyways, he sat down with her. Again, very interesting. If you know a problem's coming, you can do things to mitigate for it. And that's what's happening.

SPEAKER_04 22:37

There's a new book called King Dollar, a journalist who's followed Treasury for about 40 years.

Stablecoins As Dollar Supremacy Tools

SPEAKER_04 22:45

And he talks about every time uh there was a narrative that the US was going to lose reserve currency status, why it's never happened.

SPEAKER_20 22:56

And because crypto that I mean it that seems to be a threat to the dollar, doesn't it?

SPEAKER_04 23:03

I think it's the opposite.

SPEAKER_20 23:04

Oh, really?

SPEAKER_04 23:04

I I think stable coins could reinforce dollar supremacy. Because with stable coins stable coins could end up being one of the largest buyers of US treasuries or key bells. So all of a sudden, if you are using a stable coin in Nigeria that's backed by the US dollar, you don't actually have to have dollars. It's on your phone. You can transact. So I think there's a very good chance that crypto is actually one of the things that locks in dollar supremacy.

SPEAKER_20 23:43

And is that why it was crucial that Donald Trump get involved in crypto rather than trying to constrain it like Joe Biden was?

SPEAKER_04 23:54

I think make it extinct. So uh this administration's commitment to digital assets, it it's innovation because there's so many other things that happen around digital assets. And also it it's it's one of those things that it it's one of the most important phenomena that's happening in the world, and the US just ignored it.

SPEAKER_02 24:19

Did you know there was an opposition to the railroads? I'm serious. Did you know that? Yeah, I did, but there was an opposition to the railroads because world leaders were like, we don't want people moving around like that. The opposition to crypto was we don't want money moving around like that, right? But it's the movement that matters. And like you said, all of a sudden now you can move dollars into Nigeria without even having to interact with their banks. Some Nigerian could literally buy a stable coin directly from treasury. Boom! Gotcha. You know what I mean? It's like so I think Scott Besson is very forward-thinking on this. And it again, right? We we want the dollar to be supreme. Obviously, we live here, right? I mean, as far as the peasants that are listening to this, sorry for you guys in Southeast Asia that listen to the show, right? We want our dollar to reign supreme. That's good for us. It is what it is. So again, this tokenization, the genius act, it's going to move everything on chain. It's going to, again, adjust the entire structure of how the markets are done. And there's a lot of benefits. You know, one of the big benefits, total transparency. Total transparency. That is the thing that has killed the fiat system. If they actually could follow the rules, if it was actually transparent, we wouldn't, we it would probably work because they wouldn't, you know, leak money out the back door to the Somali leering center and stuff like that. You're not going to be able to do those kind of things again. So continuing on, this lady in the blue dress.

Tokenized Stocks And The Asset Holder Warning

SPEAKER_12 25:48

We've been saying this in this industry for years, but it's actually happening finally. To me, the biggest tell is the tokenization of securities that you will see all stocks tokenized trading on New York Stock Exchange and probably Nasdaq within the next 12 to 24 months. This is going to force tokenized dollars into the banking system, whether the banks are ready for it or not.

SPEAKER_02 26:14

It's happening. It's happening. The founder of Robinhood, the trading platform, was on CNBC yesterday, and he said this. He thinks we're at the beginning of a super cycle. And I tend to believe this.

SPEAKER_19 26:28

Tokenization, we're at the beginning of a super cycle, and it's going to take over the entire financial system. Now, a month ago, we launched Robinhood Chain outside the US. And this is our crypto blockchain. And one of the interesting things about it is it includes stock tokens as a primitive, which give tokenized exposure to US stocks. Now, we started with 90 of them. Now we're up to 190. And these trade 24-7. Uh, and you can move them around the blockchain like you can Bitcoin or any other crypto asset. And what they really do is give exposure to US stocks to people in over 120 countries. I think this provides a roadmap for what the financial system can look like. Now, I think uh tokenization in the US has come up. And I'd say it's broken up into two camps. There's sort of two sides to it. On one side, enthusiasts that just want to get their hands on this new technology, new capability, and they're asking us, when is it coming to the US? What's that going to look like? On the other side, there's people that say, well, we already have simple access to markets here. We have products like Robinhood that provide fractional shares, 24-5 trading. Maybe it's not 24-7. So what's even the point? And so through my post, I kind of outline the three key improvements on an infrastructure level that can actually impact people's lives in a positive way and make it easier in America for uh for people to become investors and owners of our great economy.

SPEAKER_02 28:14

Yeah. And the thing is, is what we're about to see, and I need everybody to hear me. Only asset holders are going to win. Yeah. Okay. Only asset holders are going to win. This is a tough pill to swallow for younger people who are having a hard time getting their hands on assets. Houses, whole shares of stock, you know, any significant holdings in gold, silver, et cetera, et cetera. What's beautiful about tokenization is all of a sudden you don't have to buy a whole share. You know, when I remember when I first decided I wanted to buy some stocks, I was in college. So I had a small amount of disposable income. I mean, we're talking a couple hundred dollars, right? So I go and I look at the stocks and I'm I want to buy a couple, I want to buy these, you know, these stocks. I couldn't afford them. I literally couldn't buy one stock because stocks traded more than what I had. So I ended up buying countrywide and blockbuster, which was Hollywood Video, okay? Or movie gallery was the was the name that owned Blockbuster. And that was a very bad time to buy countrywide stock in Blockbuster. I thought Countrywide was selling at a deep discount. I didn't realize I bought the falling knife. I still own those stocks, they're worth a few pennies, okay? They got delisted and everything, but I still have them. I still get a statement from Bank of America who bought out countrywide every year. Hey, we've got some shareholder vote. You've got eight votes, which are valuable eight pennies. So, anyways, pretty fun. Okay, so Donald Trump also announced another thing that was pretty significant yesterday. He talked about the United States buying Bitcoin and other crypto assets. Again, when they turn on the money printer and one of their purchases is these assets, hello, this is your signal, right? This is your signal. I always think of it this way. If you're okay, when I first started getting into real estate, I was in a little town in eastern Idaho, and there was a there was a Walmart there. It was a standard Walmart, you know, the boring ones. And everybody wanted a super Walmart. Well, turns out we got wind that the Walmart buyer was in town. So we started chasing around farmers trying to get lease options on land on every single thing we could on the outskirts of town. And guess what? They'd all raise their prices because they heard the Walmart buyer was in town. Okay. So when you know that there's a big buyer in town, you know things are changing. That city has doubled in size since then. Walmart knew way before anybody else. Okay. When you have a whale show up in any market trying to buy stuff when there's blood in the streets, because remember, this was like 2007, 2008, right? There's your sign. Okay. The United States is the biggest whale of all.

SPEAKER_11 31:15

I also created the United States digital asset stockpile to hold custody of all other digital assets, and that's exactly what it's done. It's been amazing.

SPEAKER_02 31:24

I always have to point this out. These are separate things. Bitcoin and cryptocurrencies are different things. Okay. Cryptocurrencies are the currencies, the fiat. The Bitcoin is the gold. You know, if we were to make an analogy to our current layout, there's a difference between them.

SPEAKER_11 31:43

One year ago this summer, I signed landmark legislation known as the Genius Act. I named it after myself. I didn't want anyone to, I didn't want to use my name, so I just called the Genius Act, paving the way for widespread adoption of dollar-backed stable coins. And that's worked out very well. Every single American benefits enormously from our country's status as the financial center of the world, and we want to keep it that way. We're leading by leaps and bounds. We've gained so much in the last 16 months, like nobody can believe, actually. Not only that, but we have more money being invested in the United States than any country at any time in history. Money's coming in by the trillions. Our nation's economic dominance drives trillions of dollars in investments, creates millions of jobs, and expands access credit and capital so that every citizen has a chance to achieve what we now hear a lot about the American dream. Young people are looking for the American dream. They weren't thinking about that two years ago. New financial technologies are extending this American dominance into the 21st century, and that's why we're focused on creating a clear regulatory framework for pioneers and builders like the people that are with me here, so that they can do business with confidence on American soil. They don't have to go to other countries to do their business. We're ensuring that America remains the undisputed leader, not only in Bitcoin and crypto, but also technologies like prediction markets, artificial intelligence, and much more.

SPEAKER_02 33:19

So what's going on here is the United States is bought is taking all of the financial real estate. Right? They're like, we're gonna create the standards, and we've beat everybody else to the punch. So, Mr. Nigerian Prince, you can buy stable coins, you can buy Bitcoin through platforms that originate and tie back to our treasuries and to our money, right? That's pretty significant. Hey, Mr. Person in Thailand who wants to buy a coffee using, you know, Bitcoin. Well, you're gonna do it on an exchange that's based here, right? This is a really big deal. Again, it's like the railroads, right? All of a sudden, you create the tracks, you control the schedule. Okay, it's pretty significant. Okay, another thing Donald Trump asked for is he asked for Congress to, you know, hurry up and pass that Clarity Act because they've done everything through the executive orders and through the structuring. And like I think that that lady, when she said it's gonna stick, like, yeah, it's gonna stick. They're not gonna be able to reverse it. However, we still want the legislature to step in and really codify this thing, right?

SPEAKER_11 34:22

Now our country is the hottest country anywhere in the world. There's nobody close, no other country is close, and every country will admit it. So now we need Congress to take the next step by passing the Clarity Act, a fair version of the Clarity Act, and this landmark structure legislation. It is it's a very, very powerful structured legislation which will keep us ahead of China, keep us ahead of everyone else. That's important.

SPEAKER_02 34:46

You don't want the Nigerian prince buying Chinese won stable coin. Okay, you don't want that. Even Ruben Gallego, Senator Ruben Gallego, who I have really nothing good to say about, is on board with the Clarity Act.

SPEAKER_22 34:59

Get back in there, touch gloves, and keep going. MurderPath is a very, very, very good product. Same thing is happening in the market structure. Market structure is more complex. That's why it's taking longer, right? That's that's the most simplest reason. The politics is more complex, also, right? But if we keep the same attitude we have from the Genius Act and bring this over uh to market structure, we can land this plane. So we have to try to, number one, you have to actually want to land the plane, right? There are certain elements of politics that would love not to land this plane to make this a political issue, both on the left and on the right. Uh, and there's those that want to govern and want to land this plane and continue to making sure that we're innovating uh in this world.

SPEAKER_02 35:38

Get back in there, touch gloves, and keep we're gonna get back in there and touch gloves, and we have a vote scheduled for September 15th at 2 p.m. Eastern time. So here's Trump being asked if the United States is actually going to engage in actively buying Bitcoin.

SPEAKER_11 35:53

Rely on Paul and the whole group for that. He'll make a decision. You guys will make a decision. And uh you'll let me know. But certainly it's been talked about. It's uh taking a lot of pressure off the dollar. It's been very, very good for the dollar. And I think if you came in with recommendations, if you came in with some recommendations, I would certainly listen. It seems to be a pretty big subject. Yes, please. Go ahead. Rely on Paul and the whole group for that. He'll make a decision. You guys will make a decision.

SPEAKER_02 36:25

The short clips always get me when they hit repeat. All right, so they're looking at buying those assets. And so what happened yesterday, right? They had that meeting. You had Scott Bessant announced they were going to be doubling their treasury purchases, and this is from Bull Theory. 1.2 trillion was added to the precious metals in crypto in the last three hours. And this was yesterday morning. Gold was up 3.08%, adding 934 billion, silver up 3.86%, adding 136 billion. Bitcoin up 8.14%, adding 103 billion, and Ethereum up 9.66, adding 22 billion. Uh, Ethereum is the big crypto competitor to Bitcoin. As far as cryptocurrencies go, they it will survive. And the reason is is because all other shit coins come out of its asshole, right? So every other token is essentially an Ethereum byproduct. And so Ethereum's up, um, but they've been trading way down. I mean, they're you know, 9% increase is not really that big a deal when you were trading at a thousand bucks or 1800 bucks or whatever they were. But 8.4 is a big deal. Like, look at this 103 billion got added versus the 22 billion. That's significant. So, because of the volume and the amount of gold that's out there, right? This 934 billion only equaled 3.08%. So, but huge, right? There's volatility in Bitcoin. But yesterday was one of those days where a lot of people woke up, looked at their chart, and they were like, Oh, I'm up, you know, that's pretty good. For those of you that have been dollar cost averaging, like pray the rosary daily, you've been buying the dip and now you're on the swing up. But look at all these assets. I mean, just straight green candles to the up. So while Japan and the equity and the stock markets are, you know, taking a dip, you've got hard metals and hard assets going through the roof. I wouldn't call Ethereum a hard asset, but whatever. Okay, so let's talk about real estate here for a second.

Real Estate Cycles From 2008 To Now

SPEAKER_02 38:21

I am a real estate junkie. Okay. I've flipped over 250 houses, I've done development, I bought your dad's company, started doing excavation and sceptic, right? So I've been in I've been everywhere. I was a in college, I was a mortgage broker, had that license, real estate agent, kind of done it all around single family stuff. And I love it. I love it. How many homes have you flipped? At least 250.

SPEAKER_09 38:45

Yeah.

SPEAKER_02 38:46

You stop counting. Like, I don't know. If somebody, if somebody went through and like audited everything, maybe 350, like you stop counting. Like, I can absolutely guarantee that.

SPEAKER_09 38:55

I think junkie is an accurate, yeah.

SPEAKER_02 38:58

Yeah, I I understand real estate. I'm not afraid of it. Okay, yeah. I've already paid my dues, you know what I mean. You take a couple on the chin, you pay your dues. But I got into real estate in basically January, February of 2008, right? I watched bad time to get in. It was like right at the peak, let's ride this toilet bowl down, right?

SPEAKER_09 39:22

So that was not the Carlton Sheets method then.

SPEAKER_02 39:25

No, no, that Carlton Sheets is full of crap. But, anyways, I wrote that thing down, right? I became a short sell specialist, subject two, a lot of desperation in the market. So I watched prices drop, I became a victim of it on a certain project. Um, but it was really easy to buy things, like literally, there were desperate sellers that were out there. And the market came down, it flattened out, kind of it kind of stayed flat for a few years. And that was what happened there is the demand built up. And once the demand built up, and then the credit market loosened up, whoosh, we saw a huge explosion. And I was kind of moving out of the real estate market at that point. I was getting into contracting, and so I still got to ride that up. When Trump got in the first time, my business partner at the time said it was like someone flipped a light switch. All of a sudden, money started flowing. You know, it was like the sparrows of Capistrano, whatever the quote is. It was awesome. Well, we have a similar situation here, and one of the things that I saw in the market was I knew we were at the bottom. Like we went two years with no price reduction. And that's when the normies were like, this real estate market sucks. I think it's about to crash. About to? Like, what are you talking about? You know, normal people only get into the real estate market on five, seven, and ten year cycles, right? Because you live in a house for a few years before you decide to move. And so by the time people realize the market sucked, the market was on its way back up. That's exactly where we're at today. I hear doom and gloom from people. Well, what about we have a real estate crash? Guys, real estate crashed.

SPEAKER_09 41:03

Look at this chart. I listened to a guy called the uneducated economist, and he works in the timber industry. And so I was seeing early on how um not having house starts was affecting how much lumber they were producing, and then how much lumber they were producing was affecting how much timber was getting cut. And timber prices are way depressed, even today. 400 a thousand, maybe. You know, that's horrible. Yeah. So yeah, the signs have been here for a couple years.

SPEAKER_02 41:38

Yeah. So let's look at this. So this is from Nick Garley. The U.S. now in the longest home buyer recession in history. Yeah. Did you even know that? Oh, we're just starting to realize it. No, we're thick into this thing. That's the thing I've realized, right? I mean, I could feel it. I'm like, people, what's the market going to be next year? I'm like, I think, I think we're kind of there. Like, what's keeping things down is interest rates, nothing else. It's not lack of demand, it's lack of affordability. And once the interest flows, boom. I mean, the the interest rate reduction that just happened yesterday is going to stimulate buyers. There are people out there shopping at the edge of their budget that just opened up $50,000, $100,000 into their price affordability. They're making offers today. It's that quick. Okay. So pending, so the longest home buyer recession in history. Pending home sales fell another 2.3% in July and are now 33% ple pandemic norms down 40% from the pandemic peak.

SPEAKER_07 42:40

Yeah.

SPEAKER_02 42:42

You don't drop more than that. Okay. What makes you think, well, real estate's expensive? We're at the peak. That's because inflation has run away from us. Right. But houses now are not keeping up with inflation. Market bottom. Okay. Contract signings have remained depressed for longer than during the entire 2008 to 2011 housing downturn. Longer. Longer. And now mortgage applications are rolling over again. This suggests the next three to four months could bring some of the weakest home sales of the entire cycle. We're at the end. Three to four months. That's that's two buyer cycles, right? You got a closing in 45 days. Boom, you're at three months. Two, two, two buyers. Two buyer cycles, right? Two to two to five, six buyer cycles, and we're probably at the end of this thing. For sellers, that means more competition and potentially aggressive price cuts heading into the fall. Prepare yourself. So here's the chart here. And you can see this is where we're at. Okay. We're way down here from our peak. And this was our last peak. And we're already down below that. So you think this was a fun ride back up? Right? This is an even tighter coiled spring because the market's gotten bigger. The springs are larger. They're going to push even higher. Only asset holders are going to win in the next couple of Years. If you own real estate right now, and let's assume your cost basis is from the last few years, you're looking at nothing but upside. If you're back over here, you're likely going to get back into profitability sometime in the next 12, 24 months. That's my prediction.

SPEAKER_06 44:15

Yeah.

SPEAKER_02 44:15

Right. And it's I'm just looking at this going, you either at this point, it's like any further reduction is absolute devastation. Because remember, the entire fiat system is based on growth. You have to continue to grow. So when these compressions happen, the response to get back to par is an explosive amount of growth. The volatility comes with the fiat. In a gold standard or a hard money standard, you don't see the same volatility because it's always hard, right? It always has to make sense. But that's not how our system works. So that's a huge deal. We probably are at the peak time to buy going forward. And when you consider what they're doing with the restructuring of tokenization and everything, it opens up billions upon billions of people that can now have direct access to US dollars without going through other central banks as intermediaries. They can literally tokenize right back to the treasury. That's a big deal.

SPEAKER_09 45:14

That's a big deal. That is a giant deal. I mean, imagine the rest of the population on Earth taking advantage of the markets that exist only in America. I mean, whoo.

SPEAKER_02 45:26

Yeah. Yeah. So it'd be interesting to see in the next couple months what happens to timber, right? Yeah. Because you have leading indicators. But what's going on right now is materials are cheaper than they've been. So as this goes up, probability goes.

SPEAKER_09 45:42

There will be a big lag in the timber industry because there is so much product sitting in lumber yards and train yards.

SPEAKER_02 45:49

And you know the moment you see timber increase their production, right? They get through their excess inventory. There you go. Then cost basis rises. So what we're going to see is we're going to see a little bump in pricing. You're going to see profitability for builders increase, and then you're going to see their costs go up, and then the builders raise their prices. That's where you get demand. That's where the real cost of building a thing goes up, which increases the price, not just the overall market, right? Not just what a buyer's willing to pay. Now you have what a builder's willing to build for. Now builders can build, you know, at pretty affordable rate. Nothing feels affordable if you're under 30.

SPEAKER_09 46:28

Well, and remember, on that upswing, those builders are going to want to get paid more.

SPEAKER_02 46:32

Yeah. And but they'll also pay their employees more. Right. That's the thing. That people, if you want raises to ride, you get the money flowing. When when when money stagnates, raises are the last thing that goes up. Right. Right. Last thing that goes up.

SPEAKER_09 46:46

So again, it's this sounds like it could be an explosion that is big enough that you should probably start picking out your truck collar.

Canada Trade Deal And Farm Tariffs

SPEAKER_02 46:56

Okay, so let's talk about this Canadian trade deals. It's a big deal.

SPEAKER_00 47:06

And US trade rep Jameson Greer discussing the kind of deal President Trump has been looking for last year.

SPEAKER_17 47:13

Any kind of deal or arrangement with the Canadians, uh, you know, it's not just about Keystone or the pipelines, but those could be an important component. Uh but I think that if the if we're going to have an improved trade relationship with the Canadians, it needs to cover a lot of other things, agricultural market access, services, market access, etc.

SPEAKER_00 47:29

And Alexander Hoff is at the White House this morning. Hi, Alex. Good morning. Hi, good morning to you. Yeah.

SPEAKER_01 47:34

President Trump has paused these tariffs for three days in order, as he says, to finalize documents on a trade deal.

SPEAKER_02 47:40

Crude hovering, however. That's a pretty good deal. Now, what is that trade deal? So not only is he looking to revive the Keystone XL pipeline, which of course sends oil futures, you know, I think down, um, but that's going to take a couple years to fully come online. But it again, the knowledge that something is coming means that the future demand or or lack of supply, excuse me, is not going to be a problem. So that I'll send futures down. We see what's going on with pipelines in Saudi Arabia and Oman. Most, I think we're we're pretty close to pre-war averages of oil coming out of the uh Strait of Hormuz now. Like they're 10 million or 10 billion barrels of oil a day, or maybe it's 10 million barrels of oil a day. And then a lot of a lot of oil isn't even going into the Strait of Hormous to get it. Iran has been locked out, and every other country has upped production to compensate, and they're profiting big time, right? But then Donald Trump in this trade deal with can with Canada pulled something off for your average rural American, specifically our farmers, that has been dreamed of, Ron. Dreamed of. You talk about new markets to sell stuff, Canada, our biggest trading partner.

SPEAKER_05 48:57

Give us any update on negotiations with Canada for a trade deal.

SPEAKER_11 49:01

Yeah, we had a very good conversation with the prime minister last night, and we've come to a deal with Canada. As you know, the 50% tariffs across the board were going on against Canada today. And they called yesterday and they uh gave us the points that we had a half. Very fair deal for both. Uh the uh tariffs will be non-existent for our farmers. Our farmers were paying tremendous tariffs into Canada, and those uh tariffs are going to be totally viscerated down to zero.

SPEAKER_02 49:31

Wow, now you got to remember they tariff everything milk, cheese, every farm product that goes north of the border gets tariffed. And we try and they want us to buy it all for free, right? So the fact that now we can send product north without any tariffs, for one thing, this will decrease prices for Canadians. Thank you, right? For our friends up north, hey, but then also it's more product to sell. So these fallow fields and stuff like that, bring them back into production. And you know, hopefully they don't do the monocrop thing and they do the regenerative farming, which you know, Robert Kennedy Jr. is doing his best to uh to implement.

SPEAKER_11 50:10

Uh we're doing certain things, we're giving gotta give something, and we're doing certain things. They were paying a high number, we're reducing it a little bit. It's good for everybody, but our farmers are gonna be thrilled, our manufacturers are gonna be thrilled, and uh basically we have no tariffs going into Canada anymore. They Canada was charging us tremendous tariffs, we no longer have any tariffs. And what I was able to do is uh we put, as you know, under the new tariff uh I guess you'd call it the new tariff schedules that we came out with. Uh they were gonna get a 50% tariff on everything starting today, and we've held it back three days back. It's all subject to finalization of documents, so subject to the finalization of documents. We have a deal with Canada, and I think it's a very good deal for both both parties. It's great for our farmers. Our farmers will no longer be held up because they were being hurt very badly by Canada. Yeah.

SPEAKER_02 51:04

Well, I appreciate it. Well, I appreciate it. Like the the Donald Trump has colonies that are so big. Nobody was gonna take on Canada like that. Nobody. Absolutely not. Okay. He came in with the US, with the US, the United States, Mexico, Canada, trade agreement, USMT, whatever it was called, to replace NAFTA. And he really rocked a lot of stuff, started to get the directional stuff of auto parts and things coming back into the United States. It was pretty significant, right? And he leveraged his tariff policies and things like that to arrive at this conclusion. So, in history, right, we're gonna look back and we're gonna go, well, Trump came in and then he implemented 20 months of high tariffs on a bunch of countries, and then they capitulated and we got free trade. And it worked. The thing that all the neocons, all the globalists wanted forever free trade. Yeah, sure. Free in America, not free anywhere else. Donald Trump has turned around and said, Oh, you do want access to our markets, stop doing the protectionist policies. It's a two-way street here, right? You have to win on your own merit. If you're really cheaper for manufacturing, that's fine, but no tariffs coming in or out. And the reality is a lot of places aren't cheaper on manufacturing if we can sell our goods there. You know what I mean? So, because volume makes depreciation. The more you can produce of a thing, the more supply, the less demand on any individual item, and prices come down across the board. We've been prevented from increasing the supply to meet the external demand because other countries wouldn't let us sell stuff into their countries. So we've been stuck with whatever markets we could sell to, which is why when you go to Italy, you don't see a lot of Fords or Chevies, right? That's changing. Now, over in Ira uh Tomaste says the lady in the blue dress is talking about treasury is Caitlin Long, CEO of Custodia Bank. She's been an advocate of Bitcoin and crypto. Okay, thank you. Caitlin Long. I'll try to remember that. I liked what she had to say.

Iran Pressure Campaign And Economic Warfare

SPEAKER_02 53:09

Okay, so over in Iraq, over dealing with the Iran conflict, touching back with that, and oil. Yesterday there was a another attack on the UAE from Iran, allegedly. I don't know. And so the UAA has come cut ties off with Iran completely. Now, UAE has been at the center of all the diplomacy and negotiation, along with the Qataris and stuff like that. So this is a pretty significant deal. And it comes and it and it's met with a response from the United States and specifically Treasury that we'll talk about here in a second.

SPEAKER_18 53:38

Ties with Iran after intercepting two Iranian missiles, but Tehran denies the attack, calling the claim, quote, completely unfounded. Now Iran is reportedly considering strikes on U.S. military assets in Europe if President Trump escalates the conflict. Meanwhile, President Trump was asked about reopening talks with Iran earlier today.

SPEAKER_11 53:57

Maybe at some point, but uh right now I think the situation is so good, but maybe at some point. Look, it's very simple. They have to get rid of completely, they have to get rid of no nuclear weapons. Iran cannot have a nuclear weapon. You know why? Because they'd use it.

SPEAKER_02 54:13

All right, let's bring in return. Pretty simple. So, Iran, the conflict in Iran has not been a lot of shooting for the last few months. It's just been a lot of blockading and a lot of standoffing and bluster back and forth, right? But it sounds like the United States is doing the takeaway, the walk away. You know what? We're done. We're just gonna, it's all up. We're just doing it. And it's putting Iran in a in a funky position. Now, I thought that we were already exercising all of our possible leverage on their financial markets, right? Because not only did Pete Hexeth and the Department of War wage war, but Scott Bessant and the Department of Treasury was also waging war, right? What do you call economic fury? He had epic fury and economic fury. So Donald Trump made this announcement yesterday. He said, No one has given the Islamic Republic of Iran greater opportunity to make a deal than me. Tragically for them, they have failed to take it. Therefore, today I'm announcing the most crushing economic operation ever taken against any country. I thought it was, I thought we were already doing that. Nope. This will be economic warfare and isolation on an unprecedented scale. Their navy is gone, their air force is destroyed, their military factories are now rubble, their currency is worthless, and their country is hanging by a thread. Today I am announcing that any country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face tremendous economic consequences. Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies. It all needs to stop now. You know who you are. This will be an economic D-Day. We need all of our allies to stand with the United States of America to isolate and defeat the Iran threat. These maniacs are on the ropes, and these historic measures will cripple them in their ability to project terror worldwide. Iran will never have a nuclear weapon. Thank you for your attention to this matter, President Donald J. Trump. So anybody who's offering any lifeline, if Trump follows through here, you're gonna face all that economic fury. So we're laying siege. We're laying siege. Absolutely. We're laying siege. And anybody who sends in a lifeline, you're gonna get it. You're gonna get it. That's pretty exciting. So, you know, I know a lot of people we don't want foreign wars. Well, I don't, this is not shooting. It's like saying we're at war with North Korea. It's like kind of. I mean, uh, it's expensive to be there, and South Korea protects South Korea from North Korea, but it's not like it's costing lives or anything. And that sounds like where we're heading with Iran. I doubt it'll be a 40-year project or a hundred-year project, right? But I do think that uh this is gonna make a difference to the extent that they have a lifeline that they can hang on. I've been through tough times. There is an element of you really appreciate every dollar you get, right? And that's where Iran is. But if you have no dollars, eventually you run out of food.

SPEAKER_09 57:15

This is gonna feel like Berlin, you know? It's gonna feel like Berlin.

SPEAKER_02 57:20

Or we see quick capitulation. Yeah, right, depending on how much on the ropes they are.

SPEAKER_09 57:24

Well, the threat the threat of becoming Berlin is hopefully enough.

SPEAKER_02 57:29

Yeah, it could just take a few days. So it sounds like they're looking to completely collapse Iran from the inside out, just starve them out of everything. It'd be very interesting. They are not a country that can operate truly independently, they just they've got a lot of resources, but not enough. They they have to have some trade. It's very fortunate that they're rich with oil. So, in the on the election side of things,

Senate Map Talk And Election Scrutiny

SPEAKER_02 57:52

right? The this is Harry Anton talking about the the Republicans' odds coming into the midterms with regards to the Senate. Okay.

SPEAKER_14 58:00

We're talking about the Senate map, right? The Senate map, as I mentioned, tilts heavily to the right, heavily to the right. And you can see it here. The median in the six key Senate races, we're talking Alaska, Maine, Iowa, North Carolina, Ohio, Texas. It's a median in the these six in these six races. Look at this. A generic Senate, Republican, that is, who do you want to control the United States Senate? In those median seats, median seat, Republicans still have a lead of six points. It's still a very large lead. And Republicans, if they hold on to the median seat, they will hold on to the United States Senate. And get this, you know, I mentioned earlier on, mentioned earlier on the problems with that Democratic brand. That Democratic brand, look at this. Say that the Democratic Party is too liberal. I'm gonna get okay.

SPEAKER_02 58:55

So the Democrat brand is tarnished, especially in these states that are up for election for the Senate. So the Republicans have a huge structural advantage. Mark this, we're far enough out from the election that plus six might be close to a real number. But as we get closer, ah, it's a toss-up. It's not a toss-up. No one's changing their mind between now and six months from now or four months from now. Not even that. September, October, November. From now and three months from now, no one's changing their mind. Okay. And here's the thing, too. The biggest concern here is always the cheat. How big do we have to make this so that we can stop the rig, right? Every time somebody comes in and puts attention on the election system, at a minimum, at a minimum, it creates hesitancy the next time round for the people that just got scrutinized to do the same thing again. Right? Fool me once, shame on me. Fool me twice. No, fool me. Dang it, George Bush. I have never been able to say that right since he misquoted it because I've joked around about his quote. Fool me once, shame on you. Fool me twice, shame on me. Okay, that's what it is. Uh MK Quilton, it's yours. Maga again, number 47, and funny Trump children's bookseller here. Okay. Okay, cool. Okay. Is that Etsy? Oh, on Etsy. My Wilkenwin Etsy in urban. Great. I bet they've put that in like 10 chats this morning. Okay, so like I said, every time you bring a little bit of scrutiny to the system, you make it very hesitant, make the whoever did the cheat hesitant to do it again in the future. I mean, this is obvious. Now, what do you got to watch for? Where they restructure things, where they change the rules. So you can't look under the covers next time. You can't look under the rug. So Mike Lindell obviously lost his primary up in Minnesota. And even Steve Bannon concluded that the main reason he lost was because you did the whole six-month amnesty thing. There's no appetite for that at all. Because if there's one thing we've learned in government, is temporary is permanent. So no temporary pause on deportations or anything like that. Right. So what was your intention there? Yeah, makes you wonder. However, Mike Lindell does feel like he was cheated up in Minnesota. And I wouldn't be surprised if he was. So he's decided and is paying for a statewide hand recount and audit of the Minnesota governor primary.

Recounts Decoy Candidates And Voting Machines

SPEAKER_02 1:01:14

Wow.

SPEAKER_10 1:01:14

Hello, everyone. Mike Glendell here. For six years, I've been fighting to secure our elections. And today I'm announcing the largest privately funded recount audit in U.S. history. As you know, my primary race for Minnesota governor had major deviations and anomalies on election night. But we've now analyzed the election night reporting from the August 11th Minnesota governor's primary, and what we found demands answers. During that election, reported vote totals actually went backwards 55 different times across 25 of Minnesota's 87 counties. In one county alone, the report identified six separate updates where the reported vote totals went down. Think about that. When does a vote total actually go backwards? Well, you look at this, as vote totals were also being reported, all seven candidates' numbers in the Republican governor's race moved almost perfectly in sync. 99.79%, which is impossible without the use of an algorithm. Seven different candidates, voting in from different counties all over the state, and yet their numbers moved almost in lockstep with no spikes and no dumps ever. Why? I'll tell you why. Electronic voting machines. We have to hand count the paper ballots. One of the few good election laws that Minnesota actually does have is that it allows candidates to do a full on paper ballot recount with no machines. Also, we get to have observers in every place the ballots are counted and we're allowed to contest the ballots. This is not a left or a right issue. Democrat Senator Amy Kobechar, who's also running for Minnesota governor, has also advocated to get rid of the electronic voting machines and go to paper ballots hand counting. On that, Amy and I agreed. In fact, did you know that on July 16th, President Trump declassified evidence from our intelligence agencies, both the CIA and the NIH, against Smartmatic and the other voting machine companies, that those agencies have kept hidden from us for years. We now are using that evidence which will vindicate me in the Smart Manic case. If this recount is not enough to change the outcome of my election, it will definitely help the greater cause of getting rid of these voting machines across the country. These machines are banned in 132 countries, which is 68% of the world. So why would the USA still be using them? For six years, we have fought the media, the deep state, the Uniparty, the globalists, and the well-funded machine companies who tried to silence and destroy us all because we want to get rid of these electronic voting machines and secure our elections and go to paper ballots and counting. I believe this paper ballot recount and audit is the gateway to finally end the use of electronic voting machines in our USA elections. Please go to Lindellplan.com and help us make this historic election audit and paper ballot recount happen. We are gonna secure our election platforms and restore our great country together. Thank you and God bless.

SPEAKER_02 1:04:41

Wow. So he confirmed what we played with the Dan Belzarian race. How do you have a tally go backwards 55 times? All the things happening in sync, perfect unison between the counties as the votes are coming in. All algorithm. I think they're gonna be brilliant. They're gonna find unfolded ballots, they're gonna find all that stuff. It's not gonna be a cyber ninjas audit. It's probably gonna be under the same fashion, but these guys are gonna be able to, that ballot's not folded. Set it aside, right? This could be huge. This could be huge. So I really appreciate Mike Wendell doing that. Again, all eyes on. Thank goodness it happened in a primary, not a general election. All right. What if what if they find something between now and the general election and it's five alarm fire? Right? Now all of a sudden things could start to change. Tina Peters got released from prison. Her sentence was commuted, and she's made the rounds. She's been to the White House, I think, once or twice. She's met with Ed Martin. Well, it turns out over in Shasta County, California, they they are planning on hiring her to come and analyze their voting system. Two California senators now are asking the state's top official to closely watch Shasta County's plan to hire former Colorado election clerk who was convicted of crimes tied to a voting system. Oh jeez. Senators Alex Penillion and Adam Shift to Close. Class acts, absolutely. Sent a letter Wednesday to California Secretary of State Shirley Weber, raising concerns about Shasta County Register of Voters, Clint Curtis, planned to hire former Mesa County Clerk, Tina Peters, as a senior advisor. Badila is a ranking member on the Senate Rules Committee, which oversees federal elections. Peter, and of course, you guys know the story of Gina Peters. But yeah, they're they're challenging it. They're kind of upset. And I just am like, great. Great. There's somebody who can go in and kind of knows where to look. Right. So that's awesome as well. Now up in Alaska, you've got the issue with Dan Sullivan. You remember this? Which one? I don't know. So really interesting things here. So we played the clip yesterday or day or two ago. Dan Sullivan, he's kind of just an everyday man. I have a Republican campaign. Turns out it's not really the case. So this comes from Joe Lang. He says, This is a huge story flying under the radar. The Democrats were desperately trying to help their no-name candidate defeat Dan Sullivan for the Senate seat in Alaska. They pulled an old trick and they've gotten they've gotten away with before. They found a Democrat supporter with the same name and placed them on the ballot to steal votes away from Republican Sullivan. But everything has changed. There's no more two-tier justice system, and now the DOJ is involved. Why? The Democrat operative with the same name registered as a Republican on the day he filed to run, he falsely used the same middle name initial of the Republican candidate on the application.

SPEAKER_09 1:07:30

Uh-oh. Oops.

SPEAKER_02 1:07:31

What do you want to bet that he flips and takes a deal to testify against the Democrat Party operatives? The story is now going to lead headlines in the Alaska Senate race and hurt the Democrat. That's perfect. Sean Spicer said that DOJ issues subpoenas in the dueling Dan Sullivan Republican Senate. The Department of Justice has issued grand jury subpoenas. Ask why a Democrat consultant helped him file to run. Dan Jay Sullivan declined to comment. Another fact Dan Jay Sullivan initially registered to run as Dan S. Sullivan using the middle initial of the incumbent. And Dan Jay also registered as a Republican on the same day in May that he filed to run. Now the Wall Street Journal reported this. They said the Alaska Supreme Court ruled Monday that the state's division of elections can't keep Janiel J. Sullivan from appearing on the same ballot as Republican Senator Daniel S. Sullivan. Federal prosecutors have reason to suspect that this is a deceptive attempt to draw votes from the incumbent in violation of civil rights. The challenger, whom we'll call Decoy Dan, sought to be listed on the ballot as a Republican, even though he had no prior ties to the GOP and has given money to Democratic candidates. He initially requested to be listed as Dan S. Sullivan, even though that isn't his middle initial. His campaign website materials mimic those of the incumbent. According to the Board of Elections, he acknowledged working with a political consultant, also known as a longtime supporter of Democratic candidates, including the main Democrat running for the seat. Alaska uses ranked choice voting so that all candidates appear on the same ballot. That is the scandal. It'll be really interesting to see if anything comes of grand jury subpoenas. You're under oath for perjury. By the way, we have a lot of information. Did you talk to a did a Democrat encourage you to run? Did a Democrat tell you to do this? Total fraud. So it's another one of those things. Like the only thing that's going to stop him from being on the ballot is going to be criminal charges. That's probably the only thing that'll stop him from being on the ballot. All right. Now we also reported yesterday that Cam Higby had his TikTok suspended or recorded a few days ago. Well, he got it back. Thank goodness. He got it back. TikTok is now on Banned Me and restored videos from Minnesota polling sites. Thank you to all those who assisted today. That's great. Right. Public outcry. It was so obvious. They banned him over exposing that stuff. And enough people complained that they reinstated them. Right? They don't want to be the ones that censored. Who knows why they did it in the first place? Because they restored them, they can chalk it up to an algorithm error. I thought you had child material on your fault. I don't know, whatever. But it's been put back. James Comey, right? Super hot water over that 8647 thing. Now, there's been some court filings, and there's a really interesting filing that came out that was uh a text message sent to Patrice Patrice Comey from her brother. Breaking this is from Paul Sperry. The court exhibit the a new court exhibit reveals a relative of James Comey sent a blistering text to wife Patrice Comey, lamblasting them for posting, quote, a call for violence against President Trump, asserting, quote, I have held my tongue for a long time, but I just can't do it anymore. You guys have really gone off the deep end over the years with your TDS. 8647 is a call for violence no matter how you spin it. You should be ashamed of yourselves. I am thoroughly embarrassed to have ever defended the absolute coward that is your husband. You and Jim are some of the least accepting, most hypocritical people I've had the displeasure of knowing. I hope Jim goes to jail for his crimes.

unknown 1:10:58

Ouch!

SPEAKER_02 1:10:59

Ouchie, ouchie, ouchie. That stinks. That stinks for sure. Okay.

Secret Service DMs And Platform Surveillance

SPEAKER_02 1:11:06

Another interesting thing that happened, uh, and this is another reason why you need to be secure in your persons, papers, houses, and effects, and that includes your electronic devices, your chat logs, your chat rooms, etc., etc. Okay, so this is a pretty interesting story. This is coming from 10 wavy news, and it's out of Florida. Very interesting.

SPEAKER_15 1:11:29

Welcome back. Are the feds in your DMs? A man from Isle of White County thinks so after the Secret Service showed up to his door.

SPEAKER_01 1:11:38

And the whole interaction was caught on camera and is spreading on social media. What were they investigating and why did they visit this person? Ted on your side, Snake Broadway joins us with what we found out, Nick.

SPEAKER_08 1:11:49

Asia Tom, Austin Connell owns a concrete business and posts about politics on social media. Earlier this year, one of his newer followers from Florida reached out to him on Instagram. They had friendly conversations. They even exchanged numbers at one point. Then the Secret Service came knocking. Connell does not remember this follower saying anything extreme. Their conversation seemed pretty normal.

SPEAKER_21 1:12:24

You know, messaged me and was just talking about how we should rally or do a protest, whatever. And he was telling me his own, you know, political opinions and beliefs and whatnot. Hey, bro, you seem like you like to shoot guns and do American, you know, stuff. So hey, why don't we, you know, hang out and shoot guns and you know, drink a beer. At one point, they exchanged numbers. I only talked to this guy on the phone two times my entire life. You know, once was before Secret Service was there, and once was after Secret Service was there. Yeah, they'll probably come see you too, because they brought up your name.

SPEAKER_08 1:12:54

Sure enough, officers with Secret Service and Isle of White County showed up earlier this month.

SPEAKER_21 1:13:00

Trying to act all friendly and trying to like get me to come outside and hang out with them. Uh, I chose not to simply because I just don't think they're trustworthy.

SPEAKER_03 1:13:08

So the gentleman that you were uh going back and forth with online, obviously he raised a lot of concerns for us.

SPEAKER_21 1:13:15

Pretty much uh harped on that, you know, they protect Netanyahu. Sure. And he was also uh pretty much just trying to paint a picture of this guy in Florida being this horrible, you know, guy. He's almost speaking like he knows you.

SPEAKER_08 1:13:27

They mentioned the other guy posting something about Israeli Prime Minister Benjamin Netanyahu during his visit to the U.S. Secret Service does protect foreign leaders when they're on U.S. soil.

SPEAKER_03 1:13:38

I'm simply gonna say that I don't know him. Okay, we just need to be his own followers.

SPEAKER_08 1:13:42

They asked Conel if he knew any of the other person's followers, if he knew anything about him, and asked if he believes in the Second Amendment. The officers made it clear they're not investigating Con L.

SPEAKER_02 1:13:54

I'm not worried about you. Okay. By the way, never believe that. We're not investigating you, we're just looking for information. Information is the thing you're gonna use to charge me with. It's literally called a charge by information. Don't provide it. Like, I'm serious. Like, oh, we're not investigating you. Then why are you here? You are investigating, and I am the subject, right? Even if you don't think you've done anything wrong, don't make assumptions. It'll make an ass out of you.

SPEAKER_03 1:14:21

You're not under arrest. I'm gonna you know I'm gonna walk away from this place. I'm not planning on arrest, but I am just looking to say, hey, can we talk about this guy?

SPEAKER_08 1:14:31

One thing that stuck out to Conell, he noticed the officers had screenshots of his direct messages on Instagram. It's not clear how the officers obtained this. On its website, Meta says they provide account data to law enforcement if they provide a court order or search warrant. Connell tells me Meta deactivated the Instagram profile for the man from Florida.

SPEAKER_21 1:14:53

I'm not against law enforcement, I'm against corrupt law enforcement. I don't think that the American people should be silenced. I don't think that we should be governed the way that we are governed. It just doesn't really feel like America that we grew up on.

SPEAKER_08 1:15:05

We reached out to Meta for comment on this story. They did not reply. If they do, we'll be sure to post their response with the story on our website, wavy.com.

Practical Digital Privacy And OpSec Habits

SPEAKER_02 1:15:15

So I'm I'm not the best. I used to be very active chatting and DMing and pointing stuff out. After I got arrested, I kind of tamped all that down because I knew I was under surveillance nonstop, right? And since I've been out, I really haven't picked up. I mean, I obviously I very barely post on X, right? I bear I don't have Instagram, I don't not active on Facebook at all. We have a show page, but I don't know. I apologize, Facebook followers. We don't even stream to you anymore. Like I'm not there. Why? Because of this exact thing. It's the two-hop rule, right? You don't know who's chatting with you, and all of a sudden they've got screenshots of his div his chats, right? Your whole life can be unwound because you know somebody or loosely affiliate with them or comment on their posts online. I don't want to discourage people from being active and involved and speaking the truth, but any power we give to government, they will abuse to the maximum extent possible. Robert Kennedy Jr. Right. This is a great example of that. This is why it's so critical that whether you think you have nothing to hide or not, get off Discord, get off Instagram, get off Facebook. X, it's up to you, I guess. I mean, we kind of have a penchant that Elon Musk cares about privacy and things like that. Go to Gab, go to, you know, use Telegram, use Signal, and then have good etiquette. Turn off your notifications. You know, all the advantage of Telegram and Signal gets wiped away when you have notifications that read the text to you when it comes in. Right. And that that's how they that's how they got all the signal chaps for those terrorists down in Texas that were bombing the ICE facility. They were using signal. They never got the signal encryption. What they got was the phones, and the phone logged all the notifications. So they had everything that was discussed in the notifications. Oh, I'm being encrypted. Yeah, until they look at your phone. Right. Classic example here. I can't make these decisions for you, but to me, to me, who's been touched by this, they tried to quarter a soldier in my home, right? You don't understand the Bill of Rights until those rights are infringed upon. You just take it for granted. Oh, the government won't invade my privacy. You're volunteering this information to them by the stuff you're using. You know what I mean? Like you have to, your rights are obligations. They have to be self-enforced. If you want privacy, be private. Right? Get off your Apple, your Microsoft environments, and get into Linux, Ghost Phones. Do what you can to have good digital privacy and exhaust. This concrete worker has got nothing to do with nothing. But yet he had the secret service show up in his doorstep. Do you support the Second Amendment? Who's asking? The government, who the Second Amendment is so we can fight against? Right? Who's asking? Unbelievable invasion of privacy. And these guys clicked the terms of service. So be careful. Be really careful. All right. And these guys didn't learn the one lesson that you have to learn when you come to the internet and the stuff you put out on the internet. You've got to learn this lesson.

SPEAKER_16 1:18:30

I remember you were kind of the first one that sort of made this a thing where you could like be a personality on the internet and sort of earn your own income that way. Yeah. And then you did this horrible thing. I know I told the truth. You told the truth. And the rule number one on the internet, if you want to survive, is to never tell the truth. Be a liar. Be a liar.

SPEAKER_02 1:18:52

I think the government should take away all of our guns and tax us to death. Do I win? You know, I had a code in prison that I that only I knew when I wrote letters home, because I wrote letters home every single day. And I knew every single letter was being read. Every single letter I wrote was being read. So I did a couple things to try to mitigate my exposure. One thing I did was I wrote my letters in cursive to my wife. Why did I do that? Because I figured if the person reading it didn't want to read it and it was cursive, they wouldn't take the time to read it. You can't scan cursive quite like you can nice block print, which I have very nice handwriting, don't I, Sarah Sinks? I've got good handwriting for a dude. Okay. So I wrote in cursive. So that was one thing. I figured if it's a because at least in DC, it was always, I've assumed it was foreigners reading my letters, right? Or maybe they didn't learn cursive. Or, you know, a young Missouri boy who was never taught uh cursive. So that was one thing. The other thing was was I would do the extreme opposite. If a guard was being a jerk, I would praise them in my letters. Why would I do that? No guard's offended when you're like, this guard's amazing. I know that amazing guard means asshole guard.

SPEAKER_07 1:20:00

Right?

SPEAKER_02 1:20:01

And so I have a code in my letters, and I also had nicknames for everybody I was talking to, so I wouldn't dry snitch on people through a letter or something like that. Because that's one of the ways people get caught a lot, is they write a letter home or they send an email and they think it's just between them and their loved one. The intelligence at the prison reads it. Next thing you know, the guy that you dry snitched on in an email is getting busted, and you're sitting there going, uh uh, you know, there's only a couple people who knew about XYZ, and I'm one of them, so now I might get shivved. So you had to be really careful. So I wrote in that code. Same thing online, right? Taxes are great. Uh uh, James Comey's amazing. I love the FBI, CIA, you do the best. Netanyahu, I'm so glad that you're leading the world. What is 86 plus 47? I don't even know. Apparently, it's just get rid of the the moldy lettuce. So it's you know that's my understanding. So don't tell the truth online.

Market Bet Final Takeaways And Sign Off

SPEAKER_02 1:20:48

All right, I'm watching the Bitcoin price here, and it looks like we're just about to hit the timing yesterday where we had a run. So right now, as we wrap up the show, it's at 71,640. We'll see where we're at tomorrow. What's the over-under on going up? You want to make a bet? I say if it goes up, you owe me a diet coke. If it goes down, I'll give you a sprite. How's that? Okay. So exchange cans of soda tomorrow morning. So if it's over 71.6 tomorrow, I get the diet coke. If it's under, you get the sprite, and you'll probably give me a diet coke, anyways. Where's silver at? Let's see. Silver. Oh, silver's up still. Silver's 68, 69. Pretty good. Still tiny increase compared to to uh Bitcoin. But all right, guys, that's it for us today. Don't forget to visit politicalremodel.com. Take back my county. Timing is more important than ever. And don't forget to get off zero. You can find a referral link to River, the easiest exchange to open and buy Bitcoin in the in the uh show notes. So please take an opportunity to do that. Don't miss out on this. You know, Bitcoin is at a way low price, it's way below its CAGGR, it's way below it, it's right at its 200-day moving average. The all the signals in the Bitcoin world for an increase are there. And then Scott Bessent turned on the printer. So we're going to see the Bitcoin run. It might drop. I mean, it's volatile, right? It's volatile. But nonetheless, opportunity's there. Get off zero. You won't regret it. All right, guys. We'll talk to you again tomorrow. Bye.

Comedy Outro On Power And Government

SPEAKER_13 1:22:39

I'm plenty seven. I'm plenty seven. Well, I can't just call him man. You could say Dennis. I didn't know you were called Dennis. I did say something about the old woman, but from behind you. How'd you get that, eh? By blood in the workers. By hanging on to our stated imperialist dogma which perpetuates the economic and social differences in our society. If there's ever going to be any progress, how do you do, good lady? Um king of the Britons. Whose castle is that? The Britons. We all are. We are all Britons. And I am your king. You're fooling yourself. We're living in a dictator. Stop perpetuating autocracy in which the working class is a king. That's what it's all about. I am in haste. Who lives in that castle? Who lives in that cast? Then who is your lord? We don't have a lord. What? I told you. We're in a narco-syndicalist commune. We take it in turns to act as a sort of executive officer for the week. Yes. But all the decisions of that officer have to be ratified at a special bi-weekly meeting. Yes, I think by a civil majority in the case of pure internal affairs. But by a two-thirds majority in the case of quack. I order you to be quacked. The lady of the lake. Signifying by divine province. That is why I'm talking. Listen, strange women, not an imposed distributive thought is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some classical aquatic ceremony. But you can't expect to wield supreme executive power just because some watery talk for a saw. Now we think of the system.