Oxygen Mask Economics

Oil flows, bond yields, Bitcoin spikes, home prices wobble, and the people running the “systems” keep promising they can manage it all. We start from a simple idea: once government launches a program, vested interests make it nearly impossible to unwind, even when the outcomes get worse. From there, we follow the chain reaction from geopolitics to your wallet, using Iran sanctions, the Strait of Hormuz, and talk of an “economic D-Day” to show how energy risk turns into inflation, market stress, and political pressure to print more money.

We dig into why the bond market is the closest thing to a lie detector for national finances, what Treasury buybacks and debt-to-GDP really signal, and why “grow our way out of the debt” often hides a mix of inflation and financial engineering. That naturally leads to a hard-assets conversation: gold, real estate, and especially Bitcoin as a hedge against fiat currency debasement. We talk incentives, network resilience, and why sovereigns and institutions start eyeing scarce assets when trust in paper promises fades.

Then we bring it back to real life: strategic petroleum reserves, housing market foreclosures, the widening gap between buyers and sellers, and why high-cost metro areas can crack faster than people expect. We also tackle immigration incentives, workforce training, school safety, parental rights, and why decentralizing food, education, and finances is not a meme, it is a survival skill.

If this helps you think more clearly about geopolitics, inflation, Bitcoin, housing, tariffs, and personal resilience, subscribe, share it with a friend, and leave a review so more peasants can find the signal.

Transcript

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Welcome To The Peasants Perspective

SPEAKER_34 0:36

The revolution's gonna be sure. It's a little gun. It's a little gun. Peasants, man. 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. Yes. We're just like a couple seconds late. Good morning, Carlites. Glad you made it. Happy Monday. Doug Wyatt says, good morning. Coming from Maryland. Carlito and Tiffany, how do y'all? And Thundering Oak. Good morning. Morning. Glad you guys are rolling out. I love it so much. Man, weekends, right? You know what I'm saying? I spent a lot of time this weekend watching Yellowstone and working on different projects. I was actually going to be heading out to Idaho today to look at some property, but that got canceled because apparently the sellers don't want to show the property that they have listed for sale today. I don't know. Yeah, I know exactly. So, anyways, Pony Boy says, good morning, good morning. Glad you make it. Well, let's jump right into it because we do have a Monday show, which means I had a lot of stuff that came up over the weekend that we gotta talk about today. So let's start off with the simultaneous sip. And all you need for that is a cup or a mug or a glass, a tank or a chalice of stein, a canteen jugger, flask, a vessel of any kind. Fill it with your favorite liquid. I like coffee. 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_17 2:21

The big problem with sound.

SPEAKER_34 2:25

I gotta switch the sound over. I even have it ready to go. Here we go.

Vested Interests And Endless Government Spending

SPEAKER_34 2:28

All right, back to the big problem with government, Milton Freedom. I gotta say his name right. Milton Friedman.

SPEAKER_01 2:35

The big problem in with government, as Hayek points out, is that once you start doing something, you establish vested interests. And it's extremely difficult to stop and turn that around. Look at our school system. How is it our school system is worse today than it was 50 years ago? Look at the welfare state. We spent trillions of dollars without any success.

SPEAKER_34 3:02

Trillions of dollars without any success. And that seems to be the problem with government spending, I think. Had the biggest show we've ever had last week, and it was all about money. It was our finance show. And I was like, wow, we like doubled our total ever people who've watched it as far as unique views go. So I know that it is incredibly important to we the peasants what's going on in the financial markets, and there's a lot of things that affect that. One of

Iran Sanctions And The Oil Strait

SPEAKER_34 3:26

them, of course, what is going on right now, Iran. So we've got a big press conference this afternoon by Scott Bessant. Are you aware of anything that's going on with Iran, Ron? No. Oh man. So apparently Scott Bessant's just been sitting back, you know, letting Pete Heggseth and the Department of War have all the fun. And he's just been, you know, seizing a couple crypto accounts here or there. But apparently today's his big day. They are coming all at him. So let's have Trey Yanks recap us about the state of affairs over the weekend.

SPEAKER_27 3:55

To indicate that vessels crossing out of the Strait of Hormuz are up 400% over the past two weeks. This comes as the United States Navy is overseeing other vessels in the Persian Gulf that have millions of barrels of crude oil on board through a safer passage to the south of the strait. In the backdrop, there is an ongoing U.S. naval blockade, and fresh sanctions are expected for Iran next week.

SPEAKER_03 4:21

If Trump decides to take further action, our response, our retaliation, will be seismic. First, we will tell all neighboring countries and countries around the world not to join the United States in its economic war. Any country that takes part in imposing economic restrictions on us will be regarded as an enemy. Of course, we will first negotiate with them. We will hold talks and tell them to step aside and distance themselves from the United States. But if they do not act, we will strike.

SPEAKER_35 5:37

No, no, I don't want to be president. So it's a little bit of a problem.

SPEAKER_27 5:43

The U.S. military presence in the Middle East is expected to remain with no clear path forward to end the conflict with Iran. Now the USS Abraham Lincoln is headed home after being deployed for 274 days. This aircraft carrier made its last port call in December, breaking a Navy record. The vessel is being replaced by the Japan-based USS George Washington. Right now, the region is stuck in a cycle of military threats and statements from both sides. But the economic impact on Iran is being felt today. Inflation at one of its highest points in Iranian history. Just about an hour ago, the Iranian real passed 2 million to one US dollar.

SPEAKER_34 6:21

Wow. I wonder what you can get for two million reals. Candy bar. Candy bar. You know, after the fall of the Berlin Wall, you could buy like a town square in Berlin for like the equivalent of 85 cents. I mean, it was as people were giving away two loaves of bread, please. Here's my, you know, down Times Square property. Yeah. You know, when there's blood in the streets, everybody should be buying. So we actually have a family friend who is from Iran. And their family immigrated here a couple of years ago, a handful of years ago, kind of like that asylum seeker situation. Legitimate, though. And uh, anyways, so she was talking to my wife this last week and she said the Iranians back home 100% support what the United States is doing to Iran, no matter what the suffering. And she said she's got family back home that are nurses. And during the protests, she said the Iranians just killed like 50,000 people in Tehran, like just laid them out. And then here's where it got worse. Anyone who came to the hospital and any nurses that helped the protesters, they were executed like a day or two later. Oh people in her family were executed that were nurses, right? Just for helping the protesters. So she's she said, don't stop, like finish the job. You know what I mean? Like living under this hell has been long enough. And so what's another year? What's another two? What's another three? Like they don't care. So for anybody out there that thinks that on the ground in Iran, they're like, oh, you're really hurting our gas prices, they don't care. They don't care. They can't do their jobs, they can't do anything without permission from the regime or doing it the way they want. And it's not exactly the way that it should be done. You know what I mean? So, you know, not that we want to go around the world and chase monsters and take out every single bad guy, but when it comes to Iran, right, they've been affecting more than just their population. They've sown tear all over the world. So here's Scott Bessett on CNBC talking about what he plans on doing today. He calls it an economic D-Day.

SPEAKER_09 8:25

The economic pressure means that we are going to all of our allies, and this is going to be the greatest coordinated economic isolation in the history of the world. If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale kinetic restart. We are going to collapse this regime.

SPEAKER_00 8:55

Meanwhile, the U.S. has been working to thwart Iran's economic work.

SPEAKER_34 8:59

So she had a list of inflation numbers there. Kind of looked like the nightly news around here. It was like red's up 130%. So we've got Mariesel says, hello, Taylor and Ron. Hi, Frazier. Good morning from Boise, Idaho, and at John Attackis. Great morning. So here's more from Scott Bessett.

SPEAKER_27 9:16

In the Financial Times, President Donald Trump and the overwhelming might of our military have significantly dismantled Iran's military capabilities and weakened its nuclear program. Now we are entering the end game. At dawn begins an economic D-Day, the single greatest financial offensive ever marshalled against an adversary. The economic pressure comes as the Iranian real costs $2 million to $1 US dollar, a historic low for the country's currency. The head of Iran's Supreme National Security Council responded on X, saying if the economic war continues, not a single drop of oil will be exported, neither through the Strait of Hormuz nor from anywhere in the Persian Gulf. Iran will regard any country's participation in or support for America's economic war against the Iranian people as an act of war. Despite this statement, reports do indicate that crossings through the Strait of Hormuz are up 400% over the last two weeks. The United States is overseeing vessels out of the Persian Gulf through a safer southern passage. The passage allows for millions of barrels of crude oil to be exported each day. Still, the Iranians remain defiant.

SPEAKER_03 10:20

The fact that the United States has once again moved from military threats, saying that it will strike and so on. Reviving its old plans shows that they are truly desperate and have no solution when it comes to the great Iranian nation. Therefore Yeah.

SPEAKER_34 10:34

So this is one of those. Let's have a real politique moment right now. Okay. There are not a lot of good options when you've buried your grave and you're already five feet eleven and a half inches deep. Okay. Like you don't have a lot of room to wiggle. So on one hand, part of the problem with the entire world economic system is you have a handful of countries that are essentially off-books balance sheets. I've said this many times. Iran was one of these countries. This off-books balance sheet is what enabled China to grow the way they did because they had discounted oil. Right. When you're every nation is a business and they compete, despite what we the peasants often believe that governments are instituted among men to control our vices. Every country is a business. They've got to make a profit. You've got however many employees the government has, and then all the citizens are the customers. And some nations even have customers of other nations.

SPEAKER_15 11:44

The spice trade?

SPEAKER_34 11:45

Yeah. Yeah, exactly. It's a business, okay? It's a business. We've long since moved away from uh, you know, tribalism or what they call blood and soil, where it's just like, oh, I belong to this land. This is my we've now moved to where everything is just mercantilism. It's capitalism, and that's great. Capitalism leads to peace. The problem is when the thuggery gets involved, the centralization, because then you're just using capitalism as a ruse for the plebs. Meanwhile, the elite practice a form of socialism and social welfare. They monetize the upside and they socialize the downside. And the only way that they can do that is by having these off-books places where the elite, aka China or any other nation state that wants to play dirty, can get cheap oil, cheap resources. Of course, you can launder money through these nation states, Venezuela, North Korea, uh uh Iran, China does it. You know, Russia ends up playing that role sometimes. Ukraine has played that role. I mean, goodness sakes, there's not it's not a mistake that Ukraine was listed as like the second to the most corrupt country on the planet. It's because anybody could just go over there with a suitcase of cash, put in a bank account, and wire transfer it right back home. No questions asked.

SPEAKER_15 12:59

And Zelensky would belly dance like you would not believe.

SPEAKER_34 13:03

You know, Zelensky is some of the top 10 landowners in the United States right now. He he, I believe he purchased the largest ranch in Wyoming and perhaps one of the largest ranches in the United States.

SPEAKER_14 13:11

Whoa.

SPEAKER_34 13:12

Where did he get that money? Did it all come from that little TV show he did where he was the Ukrainian president for a little while? No. No, no. Okay, so corruption is kind of everywhere. So, on one hand, like I said, our story about our friend from Iran, keep up the fight. Like this is a moral cause. But on the other hand, finances and economics are intricately linked, and there's pain being felt all over the world. And at the same time, every time there's pain, it's somebody else's opportunity. So you can't look at it and just like this is not a vacuum. You know what I mean? Like the United States has dug itself a deep hole, it's facing its own financial problems, and at the same time, it is positioned as the police of the world. So it matters what's going on here, but there is going to be an impact. There's a phrase that they say often, it's the bond market is truth, right? The bond market doesn't care about your feelings, it doesn't care about your agenda, it cares about ROI, interest, and are you going to pay back? And when we're talking about the bond market specifically, we're almost just saying, is the government borrowing the money good for it? Right? Because we didn't really loan them anything. We're just, are they good for it? Are they going to keep their commitment to stay under our umbrella and stuff like that? So

Bond Market Truth And Debt Games

SPEAKER_34 14:26

the Cobesi letter said this. They said the U.S. Treasury is considered using its 950 billion general account to help fund its increased purchase of long-term government bonds per CNBC. Once again, the era of the bond market intervention has officially begun on August 19th. This is the top priority for the Trump administration. So what's going on is to pay for everything: the war in Iran, the existing social spending, the interest on the debt, the, you know, extra ICE officers, every single thing has to be paid for. And whether you like it or not, they're going to print money to do it. And at the same time, what do they want to do? Increase revenue. So where do you get that? Tariffs, uh, more tax enforcement. Where else? I mean, you know, tried to grow out of it so there's a larger tax base. These are all different types of solutions, but they're all happening at the same time in a swirling vortex. Yeah. So for we peasants, we kind of have to be put in this situation. Okay. The plane is going through some turbulence. We don't know if it's just going through a little pocket of hot air or cold air or whatever causes turbulence, and they're going to increase the altitude a little bit to get to some smooth sailing. Or if we're losing both our engines and we're just flying down. Okay. So, what's the first thing you do when you have plane turbulence and the oxygen mask drops? You put on your own mask. Okay. And that's where people need to get. They need to, they need to look at this stuff and go, listen, what's happening is happening. Us individuals have very little control other than other than to remove our sanction from whatever we disagree with and secure ourselves so that we can rebuild when when the dust settles. Yeah. It's not even a saying that things are going to crash. I don't know that. I mean, shoot, there's lots of entrepreneurs and people. I've done it myself. You're facing financial doom. You're looking at a piece of paper, you're back at the napkin math, and you're like, we're screwed. And then what's the solution? Make more money. And some people pull it off.

SPEAKER_15 16:21

Or pivot. Yeah.

SPEAKER_34 16:22

Or pivot. Yeah. Some people pull it off. So we've got all the cards are in our favor AI, robotics. We have emerging technologies. We've got all that going on, but it sucks up a lot of resources. At the same time, you've got to clean up the world financial system, which is just a giant house of cards waiting to collapse, which could jeopardize all of your pro growth technologies. So all of that causes just massive problems. The bond market, last week, uh Scott Besson announced he was going to double his bond buybacks and it drove, it just announced it, didn't even do it, and it drove the bond prices down. And I thought, oh, this is great. It lowers prices, immediately came back up. By Saturday, it was back up. Friday night, close a business, it was back up. And so we've got to take into consider what's going on with the bond market. Here is Quinn, um, from what's this, what's this called? I can't remember the show's name. From Forward Guidance. And he's talking about Trump's theory and Besson's theory about the bond market.

SPEAKER_11 17:21

They know that this is gonna run hot. Are they going to end up slamming on the brakes at some point? Maybe. But you will have to see a meaningful change in in their behavior. And in many regards, as we've been talking about, the the hawkish balance sheet policy of rhetoric of the Fed that has lifted the long end and real states with it, is breaks on parts of the economy, like housing, asset markets, that now they are trying to sort of offset in a in a more covert way, so it's not looking like overtaking of Fed independence and these sorts of things. So there's a lot going on. It's a i i it it to me that it just exemplifies the sort of problem that kicking the can on and if deficit spending for years and years and years culminates in, where even the most vocal critics have to succumb to to remedies because of how bad the situation is. And again, like there's another video investment, I believe, from from a little while back, which was like you sort of have to let the bond market like lay the law, or Congress will never change the behavior of the spending. And obviously they're not gonna do that two and a half months before the election. Um that is all Republican controlled at the time. But you know, keep this in the back of your mind. It's very likely the Democrats are gonna at least win the House, they might also win the Senate. Trump's approvals are like some of the worst ever any president's ever seen at this juncture. And what better way to say stick it to the Dems, you know, in their first kind of split con Congress uh you know uh session early next year to than to to let the bond market go and say fix this and cut your spending. Because Doge didn't work, all of the other things didn't tariff didn't work, all of these other things didn't work. It has to come from real legislative changes, and you kind of need a crisis or event to put that through, and that is, you know, obviously they're not gonna do that pre-election, but at some point after that is something to be think about, in my opinion.

SPEAKER_34 19:36

But again, a crisis or an event to put that through. So for people who study history and you follow the financials and the politics together, you see this. Okay, whatever they're going to do, they set up and build before the crisis or event, which is why we often look, these crises are manufactured. Well, maybe, maybe some of them are manufactured, but some of them are just literally like, you know where this train is headed. You know what I mean? Right. And so they set up the solutions. What are some of the solutions? Clarity Act, the war in Iran. Uh, these are all solutions, but we might need to see an actual crash first. So, what do you do? Do you let it happen? Do you take advantage of it? Or, you know, one of the things with the national debt, when Scott Bessant says we need to grow our way out of that, how do you grow your way out of the national debt that's 40 trillion? Well, AI. Well, AI is good and that'll do something, but just like you gain an industry, you're going to lose some industries, right? So there's kind of a trade-off there. Who knows what the growth will be? What else do we have? Well, they could inflate some of it away. So let's say they've got to hit 10% a year. You know, we've inflated away 10% a year. So you need to catch up. You need to get the dollar value strong enough so that the debt feels smaller. So, how could you do that? Well, you could inflation, you could hit three, four, five percent of that with inflation. You get a little AI growth, that'll get you another one, two, or three percent, right? You can throw some robotics off there in the horizon, that'll get you another half a percent. Uh, you know, you open up a couple more oil pipelines, that'll get you another one or two percent. Oh, look, there we are. Uh we're 11%. We look we're growing out of it. We're growing out of it. Yep, remember that inflation part. Remember that inflation part. That's the part that hurts. That's the part why we see things around us, the price is literally going up. It is not an impossibility, it's not likely, it's not going to be in our lifetime, it's not a short-term problem unless things just implode wildly. Like what's going on in Iran with two million dollars to doll to a dollar. Uh, maybe you can look up what the exchange rate's been, but it wasn't that bad, right? I mean, it was a hundred thousand to a dollar, or it was fifty thousand to a dollar. I mean, it was something bad, but it wasn't two million to a dollar. So while you're looking that up, here's Scott Bessett here talking about exactly this that they're going to try to grow their way out of the debt. And it's going to be in a the myriad of ways that we're talking about.

SPEAKER_09 22:08

Well again, uh the you're referring to the CBO scoring, I believe, which is tenure scoring and it's DC style scoring. So we think that we can both grow the economy and control the debt. And what's important, Bill, is that the economy grows faster than the debt. So what I would tell your viewers to focus on is what I'm focused on, is what Secretary Yellen was focused on, is what is the total debt to GDP? Because we can grow our way out of this. But if we change the growth trajectory of the country, of the economy, then we will stabilize our finances and grow our way out of this.

SPEAKER_34 22:50

They want to grow our way out of this. That is the only answer they have. Is the only answer you have. You're a family, you're sitting around the kitchen table, you're looking at your mortgage, you're looking at your credit cards, you're looking at your other debt, you know, static expenses that you can't get rid of, like electricity and things like that. And it's like, uh, we're short. Half of the money we need. Okay, what do you do? Well, there's only one solution. You're gonna have to grow out of it. And millions of families have made these decisions. Dad goes back to school, makes a four-year sacrifice, right? It gets maybe even deeper in debt, but then he comes out with higher economic possibility. People make those decisions all the time. Once you realize the trajectory you're on never ends in anything more than more misery and ultimately bankruptcy, that's when people make the sacrifices. They sacrifice the four years to go back to school, they sacrifice the two years to go get a new degree, they start doing the job search. Our country is doing that right now. Right? Andrew Jackson did this, four years of depression. Gilded age. Trump's gonna do this. We're probably gonna hurt a little bit. What'd we find out on the Rail uh change? I saw it really hard. It started out at like 10,000 in the 90s.

SPEAKER_15 24:00

Uh yeah, I've got I can't see the date. Yeah, 90s was about 20,000. Um dang. It looks like the inverse of our dollar.

SPEAKER_34 24:11

Holy cow.

SPEAKER_15 24:11

Oh, jeez, it's so hard to find good data.

SPEAKER_34 24:14

Yeah, well, basically you can you can Ron's showing some charts, which you guys can't see on the screen, but essentially it's just been losing value pretty consistently since the mid-1990s. It was yeah, look at that. It was pegged. Yeah, it was from 2013 to 2018, it was solid, and now it's just spikes back, spike, spike, back. Wow. Absolutely impossible to save anything in that country. Holy cow. That is like 10,000 inflation. Wow, that is something else. On

Bitcoin As A Hard Asset Hedge

SPEAKER_34 24:44

morning markets, they talked about because we've had a Bitcoin spike, right? I mean, we've been we're up like 27 in the last four or five days, up again this morning, another two percent. So this is all impacting, right? You've got fiat money, you've got the off books balance, it's all driven by energy, oil primarily, the petrol dollar. Obviously, we're out defending the dollar by defending the trade lines. We've dealt with it. Venezuela, holy smokes, that thing just wrapped up in a bow. We hardly hear about it. They're just clipping along. You know what I mean? I wouldn't be surprised if they become the 51st state here pretty soon. It could happen. They went totally silent. They did shoot another narco boat in the uh Pacific Ocean today. It's like, man, they're they thought it's been a couple months, maybe we'll make another run. Nope, they're still watching. All right, that's good. I have to imagine street drugs are either going way up in price as inventory goes down. You know, I have to imagine there's been some dent made. I remember I had a cellmate back when I was in prison. Weird dude. He's from Centralia, Illinois. But he was like, dude, they're never gonna stop. They've already got so many drugs across the border, they got it in warehouses. You know, he's like, they're good, they got years of stocked up supply.

SPEAKER_15 25:55

Sure, it's like the petroleum reserves.

SPEAKER_34 25:58

Yeah, those cartel guys are like renting office space to store fit and all pills, meth baggies. All right, so this is morning markets with the price of Bitcoin jumping.

SPEAKER_10 26:10

Uh, your notes, you say by 2030 it could be 500,000 US? What would it take to get there?

SPEAKER_23 26:16

Absolutely. So I think we've now seen the end of this uh drawdown cycle. So in Bitcoin, you tend to have these four-year cycles. The all-time high was last October, 126,000. Most four-year cycle theorists say we'll go down for 12 months or so, and then we'll start recovering. I think we're starting to see the recovery a little bit early this time. And in the medium term, I like to compare Bitcoin to gold. And you think about that in a two-asset portfolio, and considering what gold's done in the last couple of years, the market is now under that guise, structurally underweight Bitcoin. Yeah, so if you think again about that two asset portfolio medium term, you'll get more institutional investors buying Bitcoin. Volatility of Bitcoin keeps coming lower. And so, again, investors end up structurally lower, big uh structurally not long enough Bitcoin once again. And that's the type of flow that can easily see us again in a very small asset class push up to 500,000 for me by the end of 2030. So for me, we've seen the low this cycle, they're gonna head up to uh 500k in just over four years from now. Uh, you're no why is it? Well, go ahead.

SPEAKER_34 27:26

I didn't say anything. Oh, I thought you did. Well, the other guy, the guy on the video must have sounded just like you at the very end. So Bitcoin's going to go up because it's one of the hard assets, along with gold, along with silver, along with many other assets, right? Real estate, all asset holders right now are going to feel like winners over the next few years. If you're a debt holder, um, you're gonna feel like a winner because if you're in the flow of money and you can raise your prices, like one of the things I really appreciated about being a small business owner was I could raise my prices every six months to a year. You know, if my cost of plumbing went up significantly, I could raise my prices. You know, it just it was a 90-day cycle. We'd put out a bid, we'd honor it for 90 days, and then you needed a new bid. So it was like we could we could continuously raise our prices ever so slightly. And over the decade that I was doing septic, right, we used to install a gravity septic system for 65 to 7,500 bucks, and pretty soon we wouldn't get out of bed for less than $15,000. It just worked out, right? We were kind of on the front end of the inflation. We were the first touch of newly created dollars when people got construction loans and home loans. And how is that possible, right? Is there more gold circulating in the system? Nope.

SPEAKER_33 28:32

No, this is a Fed representative. Your ATM is safe, your banks are safe, there's enough cash in the financial system, and there is an infinite amount of cash at the Federal Reserve, an infinite amount of cash at the Federal Reserve, an infinite amount of cash at the Federal Infederation Reserve.

SPEAKER_18 28:46

Don't you smell money?

SPEAKER_34 28:52

Cash is flowing, baby. We got infinite amounts. We'll just get an extension on the credit line. In fact, we're talking about no caps, so we never have to come back and ask.

SPEAKER_15 29:10

I love how coked out his life. No kidding.

SPEAKER_34 29:14

There's an infinite amount of cash in the middle reserve enough. Infinite.

unknown 29:18

Infinite?

SPEAKER_34 29:20

There's an infinite amount of cash. You mean if I save a dollar today, next year it could be worth a half a cent? Yeah, we can just whatever we have to pay, we can pay. Okay, but don't worry, you guys will be able to carry the interest burden. Got it, got it, got it. So, not that we're making everything about Bitcoin. We're about to stop talking about it. Okay, but why is Bitcoin one of these assets? Why does it sit alongside gold? Why? Why are nation states rushing to get a hold of it now that the financial markets and the bond markets are getting turbulent? They don't want to hold debt, they want to hold assets. The debt's not good. Is the United States going to be able to honor its debt? I mean, they say they're gonna grow out of it, but they haven't yet, right? I mean, Switzerland looks great, but they've gone fiat too, and they're basically only backed by good trade policies with the United States. What about Canada? Is their dollar safe? We're gonna talk about Canada here at the end of the show, right? Nobody's safe. So where do you go? You go to assets that are safe. Gold makes sense, makes sense. The problem is only the big dogs can hold it and use it, and even they can't really settle or exchange in it without Scott Besson's help. And so Bitcoin. And why is Bitcoin so attractive to sovereigns? And I'll include myself in this list. Because the Chislers can't get their hands on it. Bingo.

SPEAKER_32 30:37

Do you have any concerns about a large nation state that has um interest in just actively destroying Bitcoin to make their own super rigs and uh design chips and just throw hundreds of millions or billions of dollars to intentionally disrupt the blockchain?

SPEAKER_31 30:53

Yeah, I I don't worry about that at all. Um this cannot be done with Bitcoin anymore. This is something that can only be done with nascent altcoins. Uh Bitcoin has achieved a level of computing that uh no single nation state can uh can overthrow it through computation alone. Uh the effort to do so would require a massive covert operation of chip fabrication, uh. Then the coordinated assault that would give them dominance over the next block for ten minutes until we kick those bastards off the network, uh rework the protocol around them, they would be revealed, they would have lost a billion dollars doing this, and all they got to do was one double spend. Now here's the thing. Long before we get to that point, they figure out that if they just let this stuff run, they can actually get some Bitcoin as a reward because the incentive structure actually works. And so I'm not worried about that. And a lot of people are watching the blockchain. And as I said before, what are they going to do? So they take over and they fork the blockchain and they go somewhere, right? They've created an alternative blockchain. Great. What are we going to do? Who's going to join the NSA blockchain? Anybody want to jump on Fed Coin? So we're all going to stay on the old fork. Difficulty will go down, it will get more profitable for the miners who stayed behind, and we'll carry on with our coin, and they can go mine whatever the hell they want on their alternative blockchain. They achieve nothing. They can't make protocol changes. Because we as I said, five constituencies in consensus, and it would take a billion dollars to pull the most ridiculous Keystone cops failure in history. Plus, this would actually require government that can do IT.

SPEAKER_34 32:48

So if you understand the Bitcoin network, and what I have found is most people really do not understand the Bitcoin network. Even if all the big mag mega miners all decided to go with Fedcoin, all those little pop miners and those Raspberry Pis and people's garage that never ever win the bingo game, they'd still keep mining the original blocks. And guess what? Slowly but surely, all the actual users and actual people who understand Bitcoin will migrate to it and it will just continue on its merry way. It's achieved a level of computing that can't be attacked. Even if you were to take over all of the major mining pools, first of all, their miners for the most part are decentralized, right? But even if you could, okay, so you so you knock the you you make it weird for 10 minutes. You know what I mean? So then the incentive, and this is where the book, The Bitcoin Standard, highly recommend it for everybody. The Bitcoin standard explains the incentives. If you have the capacity to hack Bitcoin, it's so much easier and profitable to mine it. Because the moment you hacked it, then the value on that chain, whatever you hacked, goes to zero. And the old chain, just right before it will just continue right on its merry business. Like he said, you could achieve one double spend. So as the Fed has infinite supplies of money, Bitcoin does not, and it will not, which is why nation states are trying to grab it, because it's the only hedge against their debt on the balance sheet. If a nation like El Salvador is stalking Bitcoin, they're gonna be like, run the price up. We'll be one of the wealthiest nations on the planet here shortly, right? Because we have a hard asset that can't be over-replicated. You can't have one dollar in the bank and then the bank spends 10. Or in the case of Silicon Valley, $263 for every dollar on deposit, right? You can't have that.

Strategic Oil Reserves And The Dollar

SPEAKER_34 34:37

Now, this war in Iran has obviously cost us a lot of oil. If they'd have let the price, it supply demand, you know, as it was. I don't know what our price of gasoline in the United States would have peaked at 10, 12, 13, 14, 15 a gallon. Right. Obviously, they amped up production. They did everything they could to try to soften the blow. And one of the things they did was they went to the strategic oil reserve. Now remember, our dollar is based on what? Energy and the ability to redeem any dollar that shows up in an American port with a barrel of oil. Okay. So here it is. This is from Maria Naufal. The US is down to just 41 days of crude oil, the thinnest cushions it's had in 50 years. The reason isn't a mystery. Nearly six months into Iran War, the Strait of Hormouth is still effectively shut, choking off up to one-fifth of the world's oil supply. Now, nations like China, who depended on that one-fifth of the oil supply because they were the primary buyer. Guess what? It was announced. I mean, who knows? China lies, but guess what? The entire nation's taxi fleet is all electric now. Oh. So, you know, they're nuclear, they're coal, they can now charge their car. So they're trying to cut gas consumption. And that is an infrastructure change that's not going to come back. So even if this war were to resolve, China doesn't need that much fuel to go into gasoline. They'll need it for other things. You know, you're not done with it, but they've already made adjustments in the last six months that is making them less dependent on this oil, right? So it's starting to really choke out. To fill the gap, however, in our strategic reserve, Trump ordered massive drawdown of the Strategic Petroleum Reserve, roughly 172 billion barrels over 120 days. Over 108 million have already gone out the door, dropping the reserve below 300 million barrels for the first time since I was born, 1983. The SPR is being spent faster than it can be replaced in those 41 days, and it's ticking down. So you know, you just look at a chart here. Back in uh 83, we climbed up, and then in in uh two, after the the we started the war on terror, obviously we had a drawdown. Well, it's actually kind of dot-com burst all the way down, and then here we have it came back up and we peaked under Trump, and then of course Biden did this, and then Trump has done this. So most of the charts where you see Biden going like that, you see Trump reversing it, but usually it's not to the benefit. This is Trump building it up. Biden spent it, Trump built it up that's rough. And again, because we have the petrol dollar and everything is denominated in dollars, there is a direct correlation between our oil reserves, our oil capacity, the bond market, and other assets that need to be purchased with fiat money.

Housing Slump And The Big-City Exit

SPEAKER_34 37:16

One of those things is real estate. So this is and last week we talked about how I believe that the real estate market is kind of at the end of a recession. If things turn a corner here, if they drop interest rates, even if they drop interest rates in in the for the purpose of debasing the currency, right? To inflate away the debt, if they do that, real estate is going to spike, and it's gonna spike because of the same thing that every always happens in a fiat system. New dollars become readily available for borrowers, they can spend more with us with a smaller monthly payment, and that will drive real estate prices high. It just inflates, it's just as one bubble pops, they just seal the hole and they start inflating the next one. So it's the Cantilian effect. The first movers are gonna get all the advantage. And by the time you realize the real estate market's recovered, Katie barred at the doors, we're at another pop. But here we are 275,000 properties filed for foreclosure in the first half of this year, a 21% increase from last year, and a 30% increase from two years ago. So, you know, we had a small increase, then we've had a larger increase. That's a lot. Okay, that's a lot. And what does this look like on a buyers and sellers chart? I'll show you what it looks like. And I've seen this chart before. Like literally, when I got into the real estate market, this is what it looked like. Show you here. I got to the real estate market before this, and we were doing this number. Okay.

SPEAKER_15 38:40

Oh, show that it show that again. I didn't have it on the screen.

SPEAKER_34 38:43

Okay, so right here, yeah. What this is is number of buyers fall to record low, widening the gap. So I started real estate before this this market here, and we had had one of these. And when it so this is kind of the tail end of it when the numbers get closer, and that that signaled recovery or it send signaled, you know, we were kind of at the end. So let's go back to the the caption here. So it says U.S. home buyers are quitting. This is from the Kobisi letter as well. There's an estimated 51.3 percent more home sellers than buyers in July, the second highest level on record. So for every buyer driving around with a real estate agent, there's two listing agents calling their panic sellers, being like, price drop, price drop, price drop. This percentage has doubled over the last two years. By comparison, an all-time high of 51.8% was recorded in December 2025. This comes as the number of active home buyers fell 2.5% month over month to 966,752, the lowest on record. At the same time, the number of sellers declined 0.3% month for month to uh 1.4 million, the lowest reading in a year. But the decline was far smaller than the drop in buyers. As a result, 80% of major U.S. metros are now a buyer's market led by Miami, where sellers outnumbered buyers 154%. The downward trend pressure on home prices is likely to come. So I'm gonna show you this chart. Here's here's why it matters. One of the things you'll see here is notice how the buyers or the sellers have plateaued and started to drop. Okay, that's a sellers are coming off the market for closure. B, people are just saying, you know what, I'm not gonna sell at a discount, I'll wait a little bit. So as the sellers come down, right? The buyers right now, they're getting whatever they want. And you'll see this, you'll see this tip and you'll see it turn, right? Now, usually the buyers increase and the sellers decrease. We've already seen the sellers decreasing. Buyers are only held out of the market because of interest rates. So as the big print happens, what's gonna happen? You're gonna have one of these numbers. You're gonna have this, right? You're gonna have a come right back to where we need to be, or even this right here. This is the 2020 COVID, right? This is what caused a huge spike in prices after COVID because there was an instantaneous reduction in the ability to get home, COVID lockdowns, insecurity, and then it came right back up. And notice there's always that inverse relationship: less sellers, more buyers, prices go up. Right now, way less buyers, more sellers, prices are gonna come down. But it's already started, we've already seen the turn.

SPEAKER_15 41:13

But notice that the pressure from COVID is the only time that the buyer's line is really, really way above the seller's line. Yep. So you know, artificial pressure in the market.

SPEAKER_34 41:25

But when we talk about this being the longest recession, it's this right here. Right? It's right there, which which this number's already ticked. So the question is when does this tick? And it's gonna tick with interest rates. Uh end of story, right? It's gonna tick with interest rates, and you're also gonna see a flight out of areas where prices are high and wages are down. Uh for example, places like New York City, you know, these big metro markets where it's like, hey, prices are just crazy, but wages not keeping up. LA. This is an interesting little deal here. This is a fictional skit. And what this is, is this is in New York City, they set up a fake real estate office to advertise houses in Iowa, right? So the caption on this is New Yorkers are some of the most arrogant people there are. Before we get to that, John Attackis says LOL still needs government to do IT. John Attackis, they do IT, they hire IT consultants, then let them go when the project is completed. And they're not the best IT consultants because they can't pay the millions of dollars that Facebook and Google and all the other people can. And you have to be honest about that. Okay, the government cannot afford IT. They can afford people with the label IT, but they can't afford people who can actually stop a DDOS attack or actually prevent people from coming in the back doors. Like they're not good at IT, but they're certified. I'm serious. If you take a private sector person that works at X or Google or any Oracle or Cisco that does cybersecurity IT, or even at your local bank, okay. I had a guy at uh that worked at Key Bank that was in IT. All he did was cybersecurity, he just protected passwords and stuff like that. He made 350 grand a year.

SPEAKER_15 43:12

Yeah.

SPEAKER_34 43:13

Do you think our county can pay an IT guy 350 grand a year? No, they'll hire two guys for 60 grand. Okay, but you don't get the brain, like it's the chasm. Super far apart.

SPEAKER_14 43:27

Yeah.

SPEAKER_34 43:27

Okay, so this is this is what's gonna start happening, and this happens every time. When the market starts to crash, sellers in markets that are crappy, right, which are usually these big metro markets and these big crashes, will flee to other places. So it starts to be. I used to say the economy is just a waterbed. You push down in one place, it comes up in another, right? If if if investment gets bad, it goes to hard assets, real estate. You're right now, as the big print is happening, it's now a race to assets. All the big money is gonna go to assets, AI. And assets. Listings that were secretly from Iowa.

SPEAKER_15 44:10

Oh, let's get it.

SPEAKER_34 44:11

Then we waited to see how New York real New Yorkers would react.

SPEAKER_14 44:20

Can't believe people are coming in.

SPEAKER_34 44:24

What's going on with the sound?

SPEAKER_15 44:25

I turned it off for a second.

SPEAKER_08 44:29

And tell me a little bit about where you live right now. So we live in Long Island City. Okay. But we're living in like a large studio.

SPEAKER_24 44:35

Now you want something bigger. A bigger space for you to buy.

SPEAKER_08 44:40

Okay, so it's small. What's the square footage like? 550 or something. When you move, what would you like to maybe stay the same? What would you like to change?

SPEAKER_22 44:51

I would like something near a park. Definitely parks.

SPEAKER_08 44:54

So like would love to have a washer dryer in the unit. Would love to have a balcony. So this is the first one. It's a one-bedroom, one bathroom. So these are all up-and-coming neighborhoods close to like microbreweries. It's $710 square feet. And it's $875 a month. And you can see here nice natural light.

SPEAKER_31 45:19

$875 a month. Well, it's just the maintenance, right? The maintenance fees are $875. Oh, this is rental. So it's oh yeah. Oh, whoa.

SPEAKER_08 45:27

Okay, so now we're gonna move into purchase. It has private outdoor yard space, and then you can see here there's a bathroom as well. Now this is the mud room. Oh, that's nice. Do you have a mud room in your apartment now? Yeah. And this is 290,000. I mean, that's so cheap.

SPEAKER_31 45:43

So our last two-bedroom, uh, they wanted 1.8 million. Yeah.

SPEAKER_08 45:48

Okay, well, 840 square feet. Wow. Yeah. This one is four bedrooms. It has that open kitchen you were talking about. This is a walk-in closet for food. It's called a walk-in pantry. Oh my god.

SPEAKER_22 46:00

That's so nice.

SPEAKER_08 46:02

Yeah. And then off of this walk-in pantry is the washer dryer. Sweet. This is four bedrooms for just shy of five bedrooms. This is so big. Wow. What? Where's this? These are all a little bit outside the city, but average commute is 19 minutes. Okay. Okay. And then we're moving on to the last one. Oh my god. So this is five bedrooms, three bathrooms. It's 3,600 square feet. Um, and this is 379,000. Oh, seriously. Come on. Where is this? So I'll let you guys in a little secret. All of these properties are in Iowa.

SPEAKER_18 46:38

Oh my gosh, okay.

SPEAKER_08 46:41

I'm an actor. This is a fake real estate office. I am not a realtor. People outside are actors.

SPEAKER_22 46:47

This whole thing is fake.

SPEAKER_08 46:49

It's all fake. Snacks are actors. This is not so we set up this office to try and talk to people about how Iowa isn't just cornfields. So whenever I said it was 19 minutes to the city, that's true, just not this city.

SPEAKER_10 47:06

These were like apartments I very much imagine you would see in New York. Yes, right, just not for that price.

SPEAKER_08 47:12

Every property I showed you today is in an up-and-coming neighborhood in Dubuque, Des Moines, Council Bluffs, or Waterloo. It has a bunch of job opportunities in sectors like global finance, technology, life sciences. It's not just the flyover state. Yeah, exactly. It was ranked last year by US News and World Report as the number one state in the country and the number five place to raise a family.

SPEAKER_31 47:34

That's incredible.

SPEAKER_08 47:35

Can we make an offer to that?

SPEAKER_24 47:38

Pretty much everything we're looking for, uh modern properties for past communities.

SPEAKER_22 47:42

I would no, I would think this there's no way this is in New York. You know, the prices were so fantastic and the spaces were so large.

SPEAKER_10 47:50

Yeah, there's a lot of style, and I mean, all of those are places I would very much want to see myself living in.

SPEAKER_15 47:56

I didn't think that the homes in Iowa would be uh that that modern.

SPEAKER_34 48:00

It makes me want to go.

SPEAKER_15 48:04

Oh my gosh.

SPEAKER_34 48:04

I had no idea it would be that modern.

SPEAKER_15 48:06

You know, every time I go to I've only been to New York a couple of this is not how I expected this to go. I expected these people to be pissed. You just wasted my time showing me a house that I can afford, but not where I live.

SPEAKER_34 48:18

There is well, they're looking at it going, I I could work on Zoom. Oh yeah. See, this this is why big metro markets are gonna crack. They're gonna crack. And they they do this every cycle. They crack because it's like at a certain point, when you're buying a one-bed condo, you know, we used to say this in Seattle. We knew the market hit was bad when you know we were looking at foreclosure listings. We were buying condos for $92,000 that had sold just a few years earlier at $875,000. They're condos, you own the airspace between your walls. And it was like at a certain point, the utility factor were there, right now. This goes aside from the arrogance of New York's. Well, I thought I thought Iowa would just be a bunch of red deck houses. Dude, you guys are the ones with every single time I've been to New York and I see, I'm like, you guys live in the garbage, garbage, most garbage stuff. Yeah, you know, you've got these old buildings where the land is worth a ton simply because you won't leave because you've been told it's the best city on earth, but the whole place is used up. You know, the guys that play on Broadway actually go on tour. You can get a match of Broadway play anywhere in the country. So that's a pretty big deal. Byron Donald's

TPS Immigration Debate And Job Training

SPEAKER_34 49:32

down in Florida, was on with Face the Nation, and he was asked about a series of things. He was asked about Haitian immigrants, he's asked about the uh uh he's asked about education. So let's take a listen to this because it's gonna kind of tip us off into a couple things. Again, the solution is easy. We have to grow our way out of our debt. And to do that, the fast answer is print money. That's the short-term solution. They're doing that. Scott Besson's doubling the buyback. What's the result of that? Probably taking over power from the Fed to the treasury. There could be some net long-term results. But for real, true long-term success for our children and grandchildren to have the promise of the American dream, you have to change education, you have to, you know, shift the job focus, you've got to play around with the real estate market, you've got to get more energy, energy security, all these things factor in. It's a long-term listed there. And while Byron Donald isn't my favorite politician, it could be worse. Okay, it could be worse. So here's kind of some of the policy things that he proposes on Face of the Nation have to happen.

SPEAKER_05 50:38

Listed there, the reason you would want temporary refuge. Shouldn't there be some protection?

SPEAKER_06 50:48

Well, Margaret, number one, let's be let's speak specific to Haiti. Um, I've actually had meetings with the transitional government and the ambassador for the transitional government. They're working on security forces right now as we speak to begin to stabilize Haiti. They've gotten about a quarter to half of the country under control from the gangs that basically took over Haiti. And that's number one. Number two, you just said at the top, TPS is a temporary program. The Biden administration uh through uh enforcement took the T off the program. They turned that into a permanent program, not to mention catch and release, not to mention how they bastardized asylum and didn't allow for true asylum cases to come to the United States. They blew up the borders for the 10 million people came into our country. And so, yes, there has to be a standard when it comes to immigration. The Trump administration, in my view, making sure that it's a temporary program is correct. But we are also working with uh the transitional government to make sure that the right security forces are in Haiti to stabilize that country. So that entire process is gonna take time. What you can't do in immigration is just say that every program just runs into perpetuity with no end. Because once you do that, you have the wrong incentives to make sure that people can return to their home country, stabilize that country, and make sure that it returns to normalcy.

SPEAKER_34 52:06

So when we talk about immigration like that, right? We just got done talking about housing. You go back to that chart with the buyers up. We know that FHA issued millions of loans. Not yeah, FHA, Fannie Mae, bought millions of loans issued to illegal immigrants that had they were should not have been able to qualify. So some of these foreclosures, like early on when the deportations happened, we started seeing reports, guys going, Yeah, I'm posting on houses that were clearly like they got raided, you know, they got hauled out of here. Those homes are going to default. So that that creates some pressure and it created an artificial buying market, and now you have that artificial sellers market. We don't know the numbers, we don't know how much deportation has impacted the real estate market. We have, I would imagine if you bought a home illegally as an as an illegal immigrant, you're the easiest one to find, right? You've got a you've got a deed, you're easy to find.

SPEAKER_15 53:01

So they could have been the low-hanging fruit. Yeah, it's normally hard enough just to understand the real market pressure, but now we have a bunch of what I'll call artificial pressure that it's just making it impossible to understand.

SPEAKER_34 53:12

It is, it's making it impossible to understand. There's a buyer for it. I know people that are trying to get into rentals and stuff like that. There's people to sleep under those roofs. The question is, is anybody gonna give them the keys?

SPEAKER_15 53:25

Right.

SPEAKER_34 53:26

Is the market gonna figure it out and set up what's it gonna take to put you in this house? Who knows? So he continues.

SPEAKER_05 53:33

And hopefully you have your earpiece in there. Um, Congressman Carlos Jimenez. Okay, Carlos Jimenez, uh, your fellow Floridian, um, said deporting Haitians under TPS would be a huge mistake for Florida. Another Florida Republican, Maria Alvira Salazar, says those TPS holders are part of the backbone of our workforce in critical sectors like healthcare. So, do you have a plan to replace the loss of 100,000 Haitians who work in healthcare in Florida if they are deported?

SPEAKER_15 54:05

Hold on. Let's stop and understand the premise of your question for a second.

SPEAKER_34 54:14

What the what? You've got temporary work now. We're dependent on them because we haven't been trained nurses. You got Haitian nurses who, by the way, probably all got free education and grants, and you know what I mean? It's like, what? Do you have a plan to replace a hundred thousand temporary people? Well, anybody who hired someone that had a work visa that said temporary should probably have a contingency plan when the temporary runs out. You know what I'm saying? But what did Milton Freedom say at the beginning? There's nothing as permanent as temporary because you create what? Vested interests. Can't send them away because now we need them. Why are we dependent on the temporary dude? Right. All right, so let's train someone that can be permanent. And that's where Byron Donald's goes.

SPEAKER_06 54:59

Well, let's just be very clear. You're talking about the labor force in Florida. What we want to do is the number one, we want to make sure that our kids coming out of high school are having internships and apprenticeships and the necessary workforce training to be able to work, whether it's healthcare or any other uh a job field. Right now, half about a third to a half of our kids are going into the college university system. The other half, quite frankly, there's no strategy or plan for them to be successful. This is why I have a launch pad initiative in Florida where if you're a junior or senior in high school, you can actually have those apprenticeships and internships. But this isn't actually graduate high school, you're walking directly into those jobs. Hold on, Margaret. Hold on, Margaret. Number two, hold on, Margaret. Number two. Number two, there are jobs available in Florida. We want to change adult re-education, adult education, career source, have that really be supercharged so people can transition from one job or going into those fields. That's number two. Number three, and this is a broader American issue. You cannot let the borders of our country be blown wide open and then talk about, well, we need uh people in this field or that field and not actually have consistent immigration policy. And so a lot of what you're talking about really stems from terrible decisions when it comes to immigration from the Biden administration. And quite frankly, I was the Democrats like Angie Nixon, like David Jolly. That's the problem that we are presented with. We have to have a stable standard in immigration and naturalization, and that comes with following the law, not letting Democrats ignore our law for the same thing. I just gave you the plan, Margaret. Yeah, Margaret, I just gave you the plan, but I'm also a member of Congress. And so you have to have a standard for immigration while making sure that our children in our schools today and young people working today have the ability to move into those fields and those careers while making enough money to build the American dream for them.

SPEAKER_34 56:55

I mean, at the longest possible, it takes what four years to make a nurse a healthcare worker. Yeah. So it seems like we could have got after this circa 2000, you know, like circa 2019.

SPEAKER_15 57:09

You could have picked any point in time, and by the next presidential cycle, it would have been solved.

SPEAKER_34 57:14

It would have been solved, exactly. Create the right incentives. Instead, you create a funnel program, put you in school, and you know, go to school, get good grades, go to college, you'll get a good job. Except we gave them to the Haitian because you had weren't going to graduate for two years. Right. So you don't get a job because he's got a 30-year career ahead of him. Right. You took your job right when you were about to cross the finish line. I saw it happen in my this was my lived experience. This was my lived experience, and it's only gotten worse.

SPEAKER_15 57:42

And they they suck up all the entry-level jobs so that the young people can't get those entry-level jobs and move into the next, you know, trade job and whatever because they don't have any experience.

SPEAKER_34 57:54

Now, one of the things that I'm highly conscientious of is sometimes you have a solution. And so, what's the solution to the job market, the training, education? So, what does the central planner do? We need to create better schools, we need this, we need that. Rockefellers went through this, they created the public education system. Did it raise literacy? Yeah, we think, except we didn't have good literacy numbers because we never tracked it, but we assume most people knew how to read. You know what I mean? So it's like, you know, Tocqueville went across the United States in the 1800s and he couldn't find anybody who couldn't read. He couldn't find anybody who wasn't reading the daily paper. He was super impressed at the literacy of just the average peasant across America. I mean, he was in backwoods, Tennessee, being like, these guys know more about what's going on in Washington, D.C., than an aristocrat in France who's directly affected by the trade policy. You know, it was incredible. But something happened as you centralize everything, especially when you allow corruption to exist, especially when you have double standards. What Byron Donald proposes on the surface, as a physical person looking at the top line, well, this is how you'd fix it. I'm a banker, increase education, it'll all work out in the watch. But what's the collateral damage of sending kids to public school like that? Trusting the

School Safety Homeschooling And Parental Rights

SPEAKER_34 59:11

government to train them. Linda McMahon was on CNN this week and she said something that should run chills through the spine of every parent who sends their kids to school. Chills through the spine of every parent who sends their kids through school. Right. What is the trade-off? Lifelong trauma for a good job? If if I told you there was a 10% chance when your kids go to public school, they're going to come out permanently traumatized and damaged, would you take the risk? And I'm not talking about just because they got bullied on the playground.

SPEAKER_29 59:47

Yeah, there are some price uh upticks, I think. But you know, the general economy is so strong and doing so well. And I think as students are headed back to school, our parents uh should have a lot to look forward to this year. I mean, some of the work that we've been doing over the past year to make sure that parents are more in charge of the education that is going on in their states with their children, they have more access to the school records. I know that we've been working very hard to make sure their children are safer in school relatively and probably blow your mind. One in ten children, uh statistics show one in ten children before they finish high school have been sexually molested in school. So one of the things that we have really focused and really driving on is looking at what is going on in California schools that actually uh were reported events of this. We've been investigating that did that come from. Did you do a study? Yes, we did we did we did a study and um it it came from you know the uh general education statistics that were afforded to us, and so we looked at that and we really looked at those stats coming out of California. So we said, what is really going on in these schools? What happens is the teachers don't get or or sometimes it's faculty, it's faculty, and sometimes uh you know the staff that's working in the schools, and instead of hiring those teachers, those teachers just get sent to another school and it's not part of their record or anything. So we have really been cracking down on that as well.

SPEAKER_20 1:01:19

And and as you know, parents are struggling with the economy.

SPEAKER_34 1:01:24

I know they are they're struggling with the economy, they can't afford school supplies as they send their kids to the gauntlet where 10% of them are gonna come back sexually molested from public school. What are the trade-offs? You want me to send your you want me to trust Byron Donald's, you want me to trust you to send my kids to school to get training, but yet I'm sending them into an area where there's a 10% fatality rate. Nobody would join the military if 10% of people who joined the military came back dead and wounded. Period. It's less than one percent. Most people can sign up for the military, a dangerous job, and expect to come home. What is the deadliest job, like Alaska crab fishing? And it's what half a per two percent?

SPEAKER_15 1:02:05

It's usually between fishing in Alaska or logging.

SPEAKER_34 1:02:09

And it's it's one percent, right? Yeah, like a hundred fishermen go out and one doesn't come back, a thousand go out and ten don't come back. That sucks. Yeah, the trade-off is there, the income, but is this worth it?

SPEAKER_14 1:02:21

No.

SPEAKER_34 1:02:22

Is this worth it? Again, put your oxygen mask on first, people. Give your kids trade training. Fathers, teach your children your profession, right? Don't rely on others because the trust is not there and it never should have been there. It doesn't matter if it's the Catholic church, it's the different religions. When you put your trust and you centralize the education and stuff like that, you got to be involved. You gotta be involved. And now, how does this play out? One in ten kids who make it through public school statistically have been sexually assaulted and molested while at school, right? And sure, some kids on kids, teachers on kids, and staff on kids. And then when it's staff and teachers, the uh standard is to just move them around. Get the, you know, oh, they don't work here at the district anymore. Well, where do they work? Oh, they moved to a different district and they're still working.

SPEAKER_15 1:03:10

I've seen this in our district.

SPEAKER_34 1:03:12

I know. But this is this is one of the many reasons why my family chose to homeschool. And people called us crazy 20 years ago. I'm not saying nothing. Now it's not even like a thing. It's like, oh, okay, you just chose to homeschool. Yeah, we did. These are the reasons why, right? I'm just young enough to have gone through seen some of this before. Yeah. You know what I mean? Like it's it wasn't worth it. The education, you weren't really preparing us 10, 20 years ago for job markets. You were you had us on the educational industrial complex of just get more student loans, just go, just go, just go. And now at least there's a focus on actual trade education and stuff that's needed, but at what cost? Right. If if you if you want me to send my kids to public school, you need to get those percentages down to zero. Right, down to zero. And it plays out everywhere. Trace Ennis, who's a huge J6 advocate, I think he was a J6er himself. There's a case out there that's happening with a gal named Shina Gavriel. And what happened was her kid was trend got in trouble for being involved in a molestation, and somehow in the process of all of this and getting help, ended up being transitioned behind his mother's back. And as her mom spoke out, she got targeted by the FBI and the DOJ. And she is now she's 24 hours away from reporting to federal prison and they're begging for a pardon from Donald Trump. Oh my god.

SPEAKER_02 1:04:42

48 hours, Shana Gaviola will turn herself into a federal prison. This is happening under the Trump administration's nose. I'm not saying that President Trump knows this. I know that if President Trump saw this case, if Shayna Gaviola sat in the Oval Office with President Trump, he wouldn't tell her you're pardoned right here and now, in the story. And he'd probably be calling down to the Justice Department and ask, how the hell is this still happening? How are these things happening on my watch at this Department of Justice? This happened. This was a Biden case. This was corrupt FBI, corrupt DOJ. We got the record. It's on the court record, folks. Listen, the FBI and the DOJ tried to have a threesome with this woman. Listen closely. These aren't speculation or conjecture. This is on the record. We got their text messages. I investigated this case for Miss Gaviola, and we ended up getting rid of her attorney, who was, I believe, covering this matter up. He absolutely lied to me on a matter. And we had her, another attorney said he never spoke to me. He claimed that there was no information there. He was a what she was a wealth of information who recounted the case to me. That was Miss Brown's, who was a family law attorney that Miss Gaviola consulted. And then the jury was never allowed to hear the facts about what was going on with her son. That was all stricken. From the record by the government at their request and by the judge who absolutely played as if his role is to be not a referee, but to be the quarterback for the freaking government. I've watched this nonsense enough. You've seen it enough. And we're fed up to here and beyond. Enough is enough. Somebody step in and correct this case. If this woman goes to jail in 48 hours, this is a failure of this administration. It is a failure of this Justice Department. I'm calling balls and strikes here. I support President Trump. I support Todd Blanche. But it doesn't mean that they can't make mistakes or to overlook something. And they've got to look here. I'm shining the light on this. We've been begging, and I know they're aware. So listen, show your support for Shayna by writing to the DOJ. We're going to give you the address. You can send an email to them. I need people to act on this matter. Shayna, welcome back to the show. And I am so sorry to say that we haven't gotten this done yet, but we still have time here. 48 hours from now, I know you have a turn-in date. We are not going to go quietly into the night on this case. And if you go in, if this failure is allowed, I will keep ringing the bell on this. Real America's voice, myself, uh, the case for America. We will ring the bell on this case until justice is served and you come out. It's a damn shame that you might go in. So listen, Shayna, we have had you make your plea to President Trump here. I've had you make your plea to Todd Blanch. And it may be redundant for some of you, but it's damned important because this woman that you look at right now is on her way to federal prison for three years if we do not get intervention on this injustice. Shayna, welcome back. I'm so sorry that this is where we are. I can't believe I was sure that we would get enough spotlight on this by now. Here we are, 48 hours away. What do you say to President Trump? And what do you say if Todd Blanch could step in and dismiss this case, order it dismissed, President Trump could do it? What are the facts that the jury doesn't know that need to be heard by these people?

SPEAKER_28 1:07:59

So I think it's important too, because a lot of people that have been watching and a lot of um kind of outreach that I've got is people don't know the story. They're like, okay, so what actually happened? Um and I know that we're very limited on time, so it's a lot easier for me to just kind of summarize quickly. Um, my son was 15 years old. He was arrested for molesting a child. Um, he was his behavioral uh behavioral issues at school were atrocious. Um, he was socially and physically transitioned behind my back by the school. Um, when I found out that all this was going on, because it was being kept from me, the moment that a parent here in California um states that they're not in they're not accepting of transgender, everything else starts going through what they consider a transition person, which is someone they bring in to basically be your child's support.

SPEAKER_34 1:08:52

And so she protested against that and found herself, you know, at against basically at odds with the laws that they'd set up to protect these transitioning kids that are minors. So this kid being socially and physically transitioned at school, acts out, molests someone else, gets arrested. That's when she becomes aware of what they're doing behind her back. Oh, but we need more nurses, so send your kids to school. Do you see how this becomes like um you're not putting me in a good position because I'm just a peasant, right? Yes, I support better education in public schools, but I'm not sure I support public schools. You see what I'm saying? She's gonna face prison on this. And here's the problem: this cancer, it is a cancer. This cancer of lack of common sense, lack of parents having jurisdiction over their kids, and frankly, a war on Christianity and good moral values. This happened in New Jersey this weekend.

SPEAKER_04 1:09:50

But here's where this all gets even more concerning to pro-life advocates. The new law makes it a crime to physically block access to facilities like abortion clinics. And the penalties are harsh. For example, some people could face 18 months in prison for simply praying outside a facility. And if the state upgrades the charge, pro-life advocates could face up to 10 years in prison plus a fine of up to $150,000.

SPEAKER_34 1:10:15

Now, my next guess So for praying outside abortion clinic, you can face 18 months. Do anything more than that, it's five plus years. And you might think, wow, that's crazy. That's they signed it into law. They signed it into law. You don't do that unless you plan on using it. Along with J Sixers, Doug Wyatt can attest, they put face act people, people who did protest and pray outside of abortion clinics into prison, right alongside us J6ers. Right. And where is this coming from? You need to understand the enemy we're dealing with here, right? The people who've captured our institutions, our bureaucracies, the department of education, they don't ascribe to the same common sense morality that you and I do. Even though many of us have come from a Christian background, Christian community, and we generally agree with the Ten Commandments, like don't steal, you know, don't take pay, like, don't kill people. Okay, fair enough. Like there's, you know, you can ration your way to the Ten Commandments. But there's people who just oppose it for the sake of opposing it, who do not have clear eyes. This is Jennifer Welch. Every now and then we bring her on the show, right? You need to understand the devil we're dancing with. Schools who will cover up sexual assault simply because they don't believe it's really a moral problem. It's a uh it's a PR problem. Schools who will transition your kids, encourage them to get transition surgeries, and if the parents don't agree, they'll use the force of law to make them capitulate. Where does this come from?

SPEAKER_21 1:11:47

But the biggest threat I see to the United States right now is not the religion of Islam, it is fundamental Christianity and the batshit sect of Christianity that Eric Kirk belongs in, where you have firework funerals or grinder crashes, um, and you dress up like an assassin and do a batshit crazy video after your husband was violently murdered by an assassin. And I see the biggest threat to women are preachers like Pete Heggs, Pastor, who doesn't want women to have the right to vote. And I see the Republican Party wanting to subjugate women far more than I do any sort of um Islamist cabal running the United States. This is just all they have. All they have is scare tactics.

SPEAKER_34 1:12:38

Where are we as a nation? Oh, Pete Hexas pastor doesn't want women to vote, but Islam wants them to cover their faces and definitely not vote. Definitely not vote, or even go to school and learn to read a la Afghanistan, or drive a la most of the Islamic world, and exclusive specifically Saudi Arabia, until what 2017?

SPEAKER_15 1:13:05

What do they need to read for? They're not voting. No, we're not voting.

SPEAKER_34 1:13:10

This is insanity, right? It's insanity. So the like I said, it's hard to dig yourself out of the hole when you've already dug five feet eleven and three-quarter inches of your six-foot grave, right? It's really hard. It can't be fixed by them. It cannot be fixed by them. Get that through our heads. You have to fix yourself. You have to fix your family, you have to fix your neighborhood, you have to fix your city, your county, your state, and the feds will follow suit. But until you fix yourself and your family, you cannot trust them to fix it for you. The job market sucks. Are you gonna send your kid to school? What if your kids end up in that 10%? And what if you try to go fight the school because they're transitioning your kid because of the trauma they've experienced at school that causes them to question everything about their sexuality and their feelings? And some liberal counselor that's of the Jennifer Welch school is like, yeah, your parents' Christian faith is repressing you. That's why you're struggling. Here, chop your off. Here, put on some binder shorts. Here, young woman, take some testosterone so you can never have kids of your own. You can be trapped in the same trauma and tear and self-loathing cycle that we are. Right? You have to take care of yourself. And the government is not gonna come save you. This last

Terror Plots And FBI Informants

SPEAKER_34 1:14:40

weekend or this last week, there was a terror plot that was stopped. You know, this woman had pledged herself to ISIS and had gone through this whole process to buy a gun. So here is the alleged ISIS terror plot that was foiled. In May 2026, this woman, Jessica Bowie, she's 35 from Albany, New York, recorded an oath of allegiance to ISIS. In July, she had her first operational contact and she made five recon visits, and there's security camera footage of it. July 21st to August 9th, five surveillance visits, nails purchased for shrapnel. August 5th, materials purchase in a door dash bag used as part of the plot. August 19th, she was arrested in possession of the device, and this is what she quoted. I want to destroy as much of the building as possible and kill the senators while they are meeting. And the attack has stopped. Wow, thank you. Go get them, Cash. Go get them. Here's the problem. And this comes from Steve Print. If you go read through the complaint and you read through what's actually there, it was three FBI. The FBI used three paid informants on this woman. The FBI coached her on the plan. The FBI drove her to buy the supplies. The FBI gave her the money to buy the supplies. The FBI built a decoy device for her, and the FBI gave her an inert gun.

SPEAKER_15 1:15:53

This sounds like the same FBI we had four years ago.

SPEAKER_34 1:15:56

It does seem a little reminiscent, doesn't it? So here's the thing in a world where the bureaucracy and the government has turned against Christians, has turned against people who support life in the womb, has turned against people who you know want free and fair elections, it wouldn't be hard for the FBI to co-opt you, get you to go to church, get you to read your Bible, get you to take a strong stance about your kids not transitioning. And then, I don't know, like they did with Guy Reffitt, send your kid into the house wearing a wire to record you raging over the fact that your kid is making horrible decisions. Just like, you know, every father has ever raged when his daughter comes home at 14 pregnant, right? Or something like that. Like ever since the dawn of time. You know, you've had these blow-ups. You're grounded, young woman. Grounding as a human rights heir. You're going to prison, daddy. You see what I'm saying? They could set you up to do something that you're already inclined to do. Clearly, this woman was inclined to go against the government, go against the state, whatever. But they took that virtue, her inclination. I'm going to call it virtue. They took that virtue and they weaponized it. They could take a Christian's virtue and weaponize it, just like that, especially when you have the laws that say you can go to prison. You know what? We're going to radicalize someone by showing them pictures of abortion and how the horrors of abortion. And they're going to get completely convinced, and then they're going to go protest outside an abortion center and find themselves in prison. They might pray. They might pray. Yeah. And then you're going to find out that's a criminal offense within 300 feet of an abortion claim. You know, heaven forbid for the people who actually live next door and actually pray at night. You know, it's very much, is it the book of Daniel where they all get put in prison for praying? And then we get is it is it Meshach, Shadrach, and Abendigo, or is it Daniel?

SPEAKER_15 1:17:39

I They get thrown in the fire.

SPEAKER_34 1:17:40

They get thrown in the fire, right? Hello. History doesn't repeat itself, but it sure does rhyme. What

Canada Tariffs Dairy And Beef Prices

SPEAKER_34 1:17:48

about our neighbors to the north, Canada? How are they doing? So last week we reported that we had a huge trade deal, right? Tariffs were going down to zero, things were going to be great. And then apparently the Canadians said, nah, we're good. We don't need America.

SPEAKER_20 1:18:03

Tariffs on some Canadian goods went into effect overnight after last-minute negotiations stalled. President Trump sounding off.

SPEAKER_35 1:18:12

We imposed historic tariffs on foreign goods. The tariffs were making a fortune with tariffs. And what it's really doing, even more than that, all these companies are now coming and building in the United States. $19.2 trillion is being invested right now in the United States, more than any country at any time.

SPEAKER_20 1:18:36

It's developing rapidly, and now Canada is firing back. Alex Hogan has the latest on that and much more live from the White House. Good evening, Alex.

SPEAKER_05 1:18:46

Hi, Molly. Good to be with you. So we know about these trade talks collapsing overnight. Now, the US is imposing these new tariffs on Canada. It is going to be 50% on $20 billion worth of Canadian products. Uh, this was earlier today when we heard the Prime Minister of Canada, Mark Carney, speak about all of this, criticizing some of this fallout, saying that he walked away from negotiations because his country simply could not accept this latest deal. Kearney says that Canada will match those tariffs dollar for dollar starting on September 8th.

SPEAKER_13 1:19:21

Canadian exports to the United States lower costs for American families. In contrast, tariffs are taxes. Taxes which are ultimately paid by US consumers.

SPEAKER_35 1:19:51

We're also starting on a new deal with Mexico. A much better deal for the United States. I only make good deals. Much better deal for the United States, both with Canada and Mexico.

SPEAKER_34 1:20:04

Uh let's see. Now, last week you talked about the price of lumber being historically down, right? Yep. My friends are doing some logging right now as we speak, and I wonder. I wonder if they're going to be shocked at the amount of lumber they take out compared to the check they get. I wonder. I don't, we don't know, right?

SPEAKER_17 1:20:21

Okay.

SPEAKER_34 1:20:22

But so if one of our big imports from Canada is lumber and it's like, oh, the tariffs, the price of lumber is going to go up, don't we want that a little bit?

SPEAKER_14 1:20:31

Yeah, we do.

SPEAKER_34 1:20:32

We do, right? Because you have whole industries that are on hole logging because the price of lumber isn't enough to make it worth going and getting the lumber. So this is actually another one of those reasons why tariffs do work. It's not always a tax paid on the people. Sometimes it protects a whole industry. Yeah, it protects dairy farmers, it protects cattlemen, it protects uh uh minerals and things like that, mining in the United States. All of that. Trump posted this. He goes, Canada wants the benefits of being a state without being one. They've also charged our great farmers for many years massive amounts of terrorists. No more, President Donald J. Trump. I don't think uh I don't think Canada can make it. You have to remember who Mark Carney is, the the in Canada. He it he was a central banker in Europe. When Trudeau left, Mark Carney had to move from Europe back to Canada. He hadn't lived in Canada for 10 plus years. They literally installed him in. Because why? Because he's a banker. So listen to him. This is his response and why he cut off this trade deal. He said America attacked Canada.

SPEAKER_03 1:21:38

Carney is going to war.

SPEAKER_13 1:21:40

Trade war. Because we were attacked. Um like you're at war when you get attacked. We got attacked. Um, US put 50%. We waited until the United States decided to actually implement uh these so-called 338 tariffs. Uh that's fine. We've got the reserves, we've got the resilience, we've got the plan, we've got the focus, we will respond, we're gonna focus on what we can control, we're gonna build. Um the uh in terms of uh let me say this in terms of measures and tax and others. Um we are constantly looking at our tax system, how we can make it as fair as possible, uh, shift the burden to those who are most uh able to pay, uh, and you know, and in a way that incentivizes investment and entrepreneurship. Right. We are we are you know all elements of the following build Canada strong. It's not just it, it is it is the plan. And so we want builders to put money to work in new new businesses, in big infrastructure. Uh, we want them to put to work in Canada, uh, and that uh makes it strong in a ways uh for all.

SPEAKER_34 1:22:51

One of the struggles Canada has is it's essentially a British country, they've got mixed loyalties, they have dependency on the United States, but they have loyalty to the British. That creates a little bit of a problem when the United States is actively trying to get rid of the British imperial banking system and move on to the American system, right? So this is a huge problem. So yeah, we've been attacked. How long can they go without American support if there's 50% tariffs? He says it's a tax on us, except most of the stuff they make in Canada that we rely on because it's cheaper than our own lumber or whatever the case is, we produce ourselves.

SPEAKER_14 1:23:28

Yeah.

SPEAKER_34 1:23:28

This is Donald Trump made this clear up front. We don't need you at all. Like we don't need you. We don't need you not buying our produce while selling cheap milk into the United States, which hurts everybody, hurts farmers in Wisconsin, right? You go down the list. So Sean Duffy talked about this, which is interesting because Sean Duffy is the Secretary of Transportation, and apparently he has a lot more to do with what's going on in this can't Canada trade war than most would suspect. Worse.

SPEAKER_12 1:23:57

Um and the fact that we provide their security for them um and they take advantage of us, uh, I think President Trump was the first one to go, you know what, that's not the kind of relationship that friends should have. And so the president's calling them out. I think you're gonna see Mark uh Carney come to the table very, very quickly because it's gonna be devastating for his country.

SPEAKER_20 1:24:14

Well, nothing on the the table as far as talks are concerned, a lot of finger pointing. So we'll keep tracking that.

SPEAKER_34 1:24:18

I want to get to you uh with if the United States is the bulk buyer of Canadian products and we say, oh, it's a 50% tariff, what's gonna happen to the Canadian bond market and the Canadian dollar? I'm just saying, if you're an investor in Canada, which is what a bond investor is, an investor in the institution of the nation of Canada, do you think Canada can grow out of their debt? Do you think they're gonna pay their the bond they took 10, 15 years ago that's just about to come due? You send them when they can't sell anything.

SPEAKER_15 1:24:48

Maybe they need to buy some Bitcoin.

SPEAKER_34 1:24:51

Except they'll be the last on it because they're British, right? But that's the thing, right? They are not going to be able to grow out of their debt if they can't sell to us. And but that's the plan. Every nation on the country that is a debt-based system, all of them, they have to grow out of it. It's the only way they're all facing a debt bomb, and it's all linked. Japanese stock market, American stock market, the euro dollar, all of it's linked.

SPEAKER_15 1:25:16

Well, us too. I mean, we have a debt bomb.

SPEAKER_34 1:25:19

Oil out of her moose. The difference is this. I actually heard a billionaire analyzing this. He's like, uh, people are gonna get hurt, but it's actually gonna it the people who've benefited from this house of cards are the ones who are gonna hurt the most. The people who are gonna hurt the least are your average everyday peasants on the street because they don't have the debt load. They don't, you know what I mean? So it could be kind of interesting. Either way, this is Brooke Rollins, Secretary of Uh Agriculture, talking about this trade deal and kind of how Canada has hurt things like our farmers' market. Canada terrorists.

SPEAKER_35 1:25:49

The president said far American farm markets won't be happy. What does he mean by that?

SPEAKER_19 1:25:53

You know, the president, uh, and I believe this to be true. I don't know, at least in my lifetime, that there has ever been a White House, a president, uh, an Oval Office that has had more discussions about agriculture and farmers and ranchers. My great friend Scott Bessent, uh, who's back behind me interviewing right now, Howard Lutnick, uh, Jamison Greer, they have made alongside President Trump and with his direction agriculture as the number one issue as they are moving into these rooms and having these discussions. The president has not been shy about his frustration with Canada and especially with dairy and what Canada's rules have done to our uh incredible dairy producers uh in America. I talked about it was in Wisconsin yesterday. Wisconsin is the number one dairy state in the country. But Wisconsin at one point had, you know, I think something like 30 or 35,000 dairies. They're now down to almost 5,000. I mean, it is a it is a devastating um response for a lot of bad policy through a lot of years. We have to reverse that trend, and we will. So the president remains very focused on Canada, specifically as it relates to dairy, but other issues as well. And I'm just so grateful as the Ag Secretary that we're continuing to put agriculture first.

SPEAKER_34 1:27:08

It's not that Wisconsin farmers sold a lot of dairy to Canada, right? They put a big tariff on dairy going to Canada, cheese and all our food. The problem was we had no reciprocal tariff. And so the Canadians could sell a gallon of milk even 10 cents cheaper over time, would put domestic dairy farmers out of work. Right? It just took a little bit. They could profit take where an American dairy farmer couldn't. They could discount just that little bit because their cost basis of production was lower. And they they set their whole system up to take advantage of every single little nook. And so what it's done is it's devastated these micro industries, and not that dairy is a micro industry, right? But it's 35,000 farmers down to 5,000 farmers. Why is that? Because that little 10%. Went all up north. We started buying milk out of Canada instead of milk from Wisconsin. And that that's that's huge.

SPEAKER_15 1:28:08

I wonder, I wonder what the number of dairy farmers in Canada did over the same time. I'd just be interesting to see.

SPEAKER_34 1:28:14

That would be interesting. Maybe, maybe you could look that up. Now, there's other things as well, too, right? For example, last week Donald Trump announced that he is going to be bringing in uh meat, 300 metric tons of beef, to and it's going to be sold at 25% below current market value at the grocery store. So we should see some discount on meat. I've heard critiques. Well, it's not hardling any meat, it's going to make any difference. And oh, that's really gonna help cow farmers to import this foreign meat. Well, we've got to look at a problem America has. The Biden administration killed a bunch of cows and then paid farmers not to grow the herd. So we hit an all-time low on herd size, and then on top of that, you've got the manipulation and the corruption in the in the meat packing industry.

SPEAKER_15 1:28:57

Can you can you remind us why we killed those cows? Wasn't it something dumb like fart or something?

SPEAKER_34 1:29:02

Uh the reason stated is this. Here's here is uh okay, so we'll go to this first. So Trump said, I concluded a deal to substantially lower the price of ground beef for working American families. As everyone knows, under the President Biden, beef prices soared to their fastest rate in the American beef herd fell to its small size in modern history. As we work to rebuild this herd and help our ranchers for the next 90 days, the United States will allow up to 300 metric tons of product of ground beef to be imported into the United States without no out-of-quota tariff. We have a commitment that this beef will be sold at 25% below current market prices. So then we go, and then he says specifically to allow the herd to regrow. So this person, United States military, uh, United States Marine Corps Lady Vet says, I admit I know nothing about cattle ranching, but how does importing this beef, as President Trump says, help the American cattle rancher? How does it take a how long does it take a calf to reach maturity for market? How does the drought throughout the country affect the food source for the cattle? So I don't know anything about the cattle herd. So this is a rancher. He goes, I am a rancher. Biden ordered any rancher with a federal contract to slaughter their herds and turn over their crops. I do not have a contract. Many do. Our cattle need more time from birth to market, a good two years, but we all we are already over all, but we are already in over a year and a half. We need a few more months before we can slaughter. So what Trump did here helps everyone and the demand. I had a rumble channel with all ranchers yelling at you to pay attention to what Biden was doing. No one was listening. And I do, I do remember that. So here's Brooke Rollins addressing just this.

SPEAKER_19 1:30:36

And you also have you combine that with people are eating more beef today than ever before, which is actually really, really good news. Secretary Kennedy and I obviously have been working on new dietary guidelines. We have big announcements coming up on new school lunches, and eating real food is right in the middle of all of that. And so while we're working on combining all of this, ensuring that our ranchers have what they need to continue to rebuild their herds. But listen, here's the good news. For the first time since 2018, we're now seeing a turn where the cattle numbers are now moving back up, where ranchers are retaining their heifers, their mama cows, how they breed their heifers, are retaining at a higher rate than they have now in years. So I think the administration, President Trump's focus on our ranchers, on rural America, on rebuilding our food supply here continues to be a priority. And our ranchers are getting that message. And you also have you combine that with people.

SPEAKER_34 1:31:30

And that's just it, right? Again, how do you dig yourself out of a grave when you're five feet eleven and three-quarter inches in? Right? The cattle herd is at an all-time peak. And yes, on the surface, stop domestic uh foreign imports so that the local market can get back up to the price range that makes it profitable to keep ranchers in business. The problem is a couple steps back, we were slaughtering herds, we were not rebuilding our herds. So now you're at a pain point that's so bad that you actually need the foreign beef to give a little relief to let the farmers kind of get their herds back up because it's a life cycle. You can't flip a switch and all of a sudden have a beef that's ready for market. Okay. It's a time, it takes time.

SPEAKER_15 1:32:14

Tomas Day's got a really good comment.

SPEAKER_34 1:32:17

Tomas Day says, You can keep your unlabeled mystery meat. I'll keep buying my beef from local ranchers where I can shake the hand of the man that raised the cow. Absolutely. Bingo. Absolutely. Unless you live in downtown Seattle, downtown New York. Or it's hard. Then it's hard. It is hard. That is a lot of people came out and said that. Well, just go buy locals. I was like, it doesn't. This, the, the way the country is laid out, the metropolitan areas. If everybody decided to go direct to buy from your local farmer, that'd be great. Except everybody would be leaving town, drive most people would be driving for hours before they found a rancher or a guy that could sell a cow.

SPEAKER_15 1:32:55

Yeah, it would also be the ultimate best if everybody had their own cornfield and their own chickens and their own pigs and their own cows.

SPEAKER_34 1:33:04

Yeah, you see that 40,000 acre farm, let's do regenerative farming. Right. Just to get the chickens to go do, you know, with the kid like the transition is decades. We didn't get here overnight. We're not leaving the situation overnight. It took decades to get here, it took a while to get out. But Tomaste is absolutely right. If you can, you must.

SPEAKER_14 1:33:25

Oh, yeah.

SPEAKER_34 1:33:26

If you can buy your own farm direct cattle, you must.

Decentralize Food Money Education Health

SPEAKER_34 1:33:30

This is no different. If you can homeschool your kids, you must. If you can secure your financial future by investing in Bitcoin, you must. If you don't, then you're just going to be at the whims of whatever central banker and central planner, no matter what the Republican, Democrat, Green Party, DSA stripe there is.

SPEAKER_15 1:33:50

I think you can get people on board with the beef, and I think you can get people on board with the Bitcoin pretty easily because it's a new thing. But the uh schools, you know, when you say, you know, you must, it's like a lot of people are like, ooh, that's a tough one.

SPEAKER_34 1:34:05

You know, I had a really interesting this was back in college, and it was a it was a study that was done, and it resulted in it was being given out to financial advisors at a very low level, but it was a big study that was done. And they did a study on two income households, and there's a threshold, right? There's a certain point where the two incomes make some nets more than the cost of childcare, fast food, all that kind of stuff. And there was this one family that was consulting because they were upside down. They they were at that point where our bills are more than what we make and we can't quite get enough raises. And the financial consultant was like, Well, you should quit your job. And these they were like, uh what are you talking about? But we'll be working less. And she he goes to the woman, right? This the second household income. The man didn't make a ton, but he made enough. And she worked, but then he's like, Well, let's look at your budget here. But your expenses go up. This is how much you spend on child care before and after school. This is how much you spend on gas, taking them to, from, to work, or whatever. This is how much you spend on fast food because I see in your budget here, four days out of the week, you're grabbing food on the way home from picking them up from child care at 445, right? And they're hungry because you don't pay the child care to feed them.

SPEAKER_16 1:35:20

Right.

SPEAKER_34 1:35:20

And he goes through the whole list and he's like, You're actually spending 10% more than you're earning in opportunity costs or uh just in order to go to the work. So if you just sat still and did nothing, you'd be ahead. You'd net ahead. You'd net ahead. And it was shocking. And then they the the the study had this chart and it was based in different metro areas on where you had to actually how much income both both heads of household actually had to make in order to actually get ahead when taking into account three children and stuff like that. It was shocking. Like essentially, if you don't have both heads of household making a peak, one head of household had to make like 20% over median, and the other head of household had to make median. And essentially you lived off the 20%. But if you trimmed one, it was like your costs just changed dramatically. Most people do not do the math, right? Most people don't actually look. What does it cost me to go to work? Salespeople who work on commissions that have to drive for sales calls, they're very sensitive to like lead quality and closing rate because if you don't close them, you paid to drive out there, do the sales call. You know what I mean? Same concept. You have to look at your household kind of in that regard. Now you're right, not everybody can homeschool their kids. Not everybody wants to homeschool their kids. But I highly recommend being involved. I highly recommend knowing who your teachers are. I highly recommend knowing the kids in your classroom. Guys, it's a gauntlet out there. If 10% is what the Department of Education come up with, we all know dang well 50% of sexual assaults don't even get reported because it's embarrassing. It's traumatizing. And so now you're at 20%. That's just with an off-the-top standard that everybody accepts.

SPEAKER_15 1:37:02

I think I was just trying to point out, like um, you know, personal, like you know, you get trapped into a schedule or you get trapped into a you know a routine. And I think that people are trapped in life. You know, we're all trapped in life. Bitcoin is a new enough thing that people can, well, think about it and maybe be edged one way or the other. And, you know, when we're talking about beef, like, well, people can be edged towards that because it's uh it's one little thing. But when you're talking about the school system and homeschooling, now you're talking about upsetting your entire life and schedule and routine, and it gets to be a lot harder for people to even want to think about it. And it's just something I thought about. Like, it's important that people understand that we're creatures of habit and we need to break out of those cycles sometimes to have improvement.

SPEAKER_34 1:37:52

And that's just it, right? It is choices that you make, and you have routines and you have expectations of how things are supposed to be, but you have to step back. What's the long term for this? What's really going on? There's a there's a show that I really like called Anarcho Poco. I think it was called Anarcho Poco. No, it's called The Anarchist documentary on Prime. I think I mentioned this before. But in the opening scene, there's a couple who just sells everything, moves down to Acapulco, and you know lives a great life. And people are like, Oh, I don't know how you did that. I don't know how you did that. Actually, it's just as hard for us to do as anybody else. Sometimes you have to make choices. And I 100% am not I when I say you must homeschool, you're you're right. Maybe that's a little extreme. But is it?

SPEAKER_15 1:38:37

No, no, it's not it's not extreme, it's just extreme for people when they hear it. Like, you know, it's I think some people don't even want to think about it because it upsets their routine so much.

SPEAKER_34 1:38:47

People are resistant to change, yes, but it's the only thing that's constant, and this is what trips us up, right? It means constant. We don't want to change, we don't want our neighborhoods to change. Don't put that data center here. Well, I bring it up. That's gonna be your lifeline.

SPEAKER_15 1:38:59

I bring it up because it's an important topic because it touches all of our lives. I mean, we're Republican, we're Democrat, we're that way because we've been that way. Our grandparents were that way. We're that way with a lot of things and ideas that we have, all of them. We're just we're human, we're hard to change.

SPEAKER_34 1:39:16

Yeah, there's a there's a really uh let's see, Tomas Tomaste says, check out beefmaps.org. Lots of ranchers willing to ship direct, even uh, some even give you a free freezer. Yeah, it's awesome. Beefmaps.com, air in the previous link, and a bunch of them accept Bitcoin direct for payment. I love it. I I a hundred thousand percent support it, but the realist in me is like sometimes it's everybody should do this, and this is again, you know, everybody should homeschool. Everybody should do this, but not everybody can do it because of their situation. But move that direction, decentralize your food, decentralize your education, decentralize your money. How about

Medical Mistakes And Institutional Decay

SPEAKER_34 1:39:54

this one? Decentralize medicine. Okay, here's a real tragedy that came out of Nashville this week. This is shocking.

SPEAKER_30 1:40:02

Four people expecting routine surgeries at this Tennessee hospital are now facing a medical nightmare. A drug mix-up at Ascension St. Thomas Midtown Hospital in Nashville reportedly left two patients paralyzed and at least one other on a ventilator after officials say they were given the wrong medication prior to surgery. Now, those four patients were reportedly given potassium instead of an anesthetic. The family of one of those patients told our CBS affiliate in Nashville the mix-up happened inside the hospital's pharmacy. Now, hospital staff apparently realized something was terribly wrong when multiple patients went into cardiac arrest. Too much potassium given too quickly can stop a person's heart. Now, in a statement, the hospital said they were, quote, deeply sorry for the harm caused and had implemented corrective safeguards to prevent something like this from happening again. And we know the Tennessee Bureau of Investigations is now looking into this mix-up, but there are still a lot of unanswered questions. The hospital has also not made it clear what those safety protocols now include.

SPEAKER_34 1:41:14

Because it's not the first time in history it's happened. So you can never have too many safeguards, right?

SPEAKER_15 1:41:19

Well, the first thing you have is you have a pharmacy with some pharmacists that know what the hell's going on.

SPEAKER_34 1:41:26

Oh man. Now, you know, there's a lot of problems to fix. Again, the grave is five and a half, five foot, eleven, three-quarter inch. You know, another quarter inch, we're done. We're buried six foot deep, never getting out. Six foot deep, eight miles out, six feet deep. 86, right? That's what it means, by the way. James Comey. Dang. Eight, eight miles out, six foot deep. So we we're trusting people to fix these problems, like Mitch McConnell and the others around him who've clearly been covering up for him. I'm gonna play this for a second. This is a minute and five, and allegedly, this video goes on. It's it's uh how many hours was this? It was 20 hours on the Senate floor. Oh, this is 20 hours. And uh this whole clip is out there on YouTube that you can find where it just it's the same camera angle on the in the well of the Senate for 20 hours. Right here, if you look at my hair, this is Mitch McConnell. Okay, this is Mitch McConnell. This is a couple weeks ago when they were doing one of these Votoramas before he died, and done by the elements now. Watch Mitch McConnell. Everybody watch Mitch McConnell. Watch Mitch McConnell. Yeah. Wow. Completely stasis for 20 hours on the house floor. Well, is that because he's a mannequin? Look at this. He's got his aide sitting next to him, all this movement around him, that guy doesn't move for 20 hours. One of the most influential senators there is, may or may not be doing okay, may or may not be alive. This is this, these are the people that need to not dig the last quarter inch. Give that man some potassium, Christopher. Nope, nope, I'm not advocating for no. He needs the best care possible. Maybe he got too much potassium. But look at that. His handlers got his vote, not him. He's completely out of it. 20 hours, man. The entire Senate is complicit in this. These are the people we're trusting to fix these problems. It's the schools that we're trusting to educate our kids so that they can have good job opportunities, but they have to run the gauntlet through the education system. It's the Jennifer Welches of the world that have infiltrated the government, the BOP, the D DOJ, the FBI, the Department of Education that hate Christianity, that literally cannot draw a contrast between radical Islam and Erica Kirk. This is out there, right? It's the same government that can't enforce its own immigration rules and allows a fraudulent immigrant to become a voter in Congress like Ilon Omar. Now, again, we're trying to make progress. When we look at Trump, this listen, man, not one of us could do what he's doing. He is in a vortex. He's fighting on every front. He's trying to do so much in these four years. Is he gonna fail on some things? Yes. Are thumbs things gonna go half the distance? Yes. Yeah, it's like Shark NATO. He's fighting for every inch, but we have to carry it the distance. Yeah, we have to carry it at the distance. We're backed up to the one-yard line, right? And they've got and they've got they had the ball and we just got it. He got a 99-yard drive. Quarterback ain't doing it on his own. He needs everybody playing their part. He needs you to not be reliant on the system. That's what gives a country her strength is when despite the poor decisions of the nation, the country becomes resilient. And so it's a front on all sides. Here's this thing that Trump posted about Ilan Omar. So the federal government, so so President Trump posted up that ICE has an open investigation into Representative Elon Omar. The federal government is refusing to turn over records related to immigration probe probe on Omar, quote, because it's ongoing, right? It's an ongoing matter. So Trump posted this about Ilan Omar. ICE refuses to disclose records on Ilan Omar. Fraud probe cites ongoing enforcement proceedings. Just maybe, just maybe we can have some accountability. Just maybe that mother out in California can get pardoned and we can shine a light on the entire Department of Education, how they're covering up sexual assault, transitioning kids, and then punishing parents who resist. Just maybe we can highlight what happened in New Jersey, making it illegal, punishable by prison to simply pray. Simply pray outside an abortion clinic. Just maybe if we highlight these things and we remove our sanction from these systems, they will course correct. Because just like any organism, they want to survive. And when they lose their customers, when they lose your virtue of which they weaponize, they're done. Because your buy-in, your acquiescence, your continued dependence is the only lifeline they have. They float away into obscurity. If you start buying your meat, farmer direct, what do you care? What's going on with meat packers in Brazil? If you start homeschooling your kids, what do you care about about bad teachers and no educational results? You own that. If you take Bitcoin, what do you care about inflation? You get the upside. Put your oxygen mask off first. Take away the sanction from these systems that do nothing but rob us of our independence and our sovereignty. And

Put Your Oxygen Mask On

SPEAKER_34 1:46:59

that's what I'll leave you with this Monday, guys. If you want to know real remedy, how you can put your oxygen mask on, 1776live.us. In the morning, I rant about the system, all the problems in the public, just to create an incentive for you to come over and do something about it. And that's what we do over at 1776 live.us. All right, guys, that's it for us today. We'll talk to you tomorrow. Bye.

SPEAKER_25 1:47:50

I'm twenty-seven.

Monty Python On Power And Peasants

SPEAKER_25 1:47:52

I'm twenty-seven. I did say something about the old woman. The old woman treatment. Hanging on to a taking empirical dogma which perpetuates the economic and social differences in our society. Is there 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. I am your king.

SPEAKER_26 1:48:40

No, you have a king. We thought we're an autonomous collective.

SPEAKER_25 1:48:43

You're in yourself. We're living in a country. Stop perpetuating autocracy in which the working classes. That's what it's all about. Please, good people. I'm in haste. Who lives in that castle? Who lives in that? Then who is your lord? We don't have a lord. What? I told you. We're in a non-closed syndicalist commune. We take it in turn to have a sort of executive officer for the week.

SPEAKER_22 1:49:10

Yes.

SPEAKER_25 1:49:10

But all the decisions of that officer have to be ratified at a special bi-weekly meeting. In the kind of quiet. I'm okay. The lady of the lake. Hilda Love Excalibur from the bottom of the water. Signifying government. That is why I'm your king. Listen. Strange women, nothing important. Distributive source is no basis for a system of government. Supreme executive power from a mandate from the message, not from some pharmacy or aquatic. You can't expect the world supreme executive power. Just because some water saw that. Just because some motion bigger.