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0:00:00 --> 0:00:[privacy contact redaction]ors for COVID Ethics International.
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Today's discussion, this group was founded by Dr.
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0:00:12 --> 0:00:[privacy contact redaction] in a desire to pursue truth, ethics, justice, freedom and health.
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And it has been successful in doing so over the last two years.
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His medical specialty is radiology.
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I'm Charles Cobes, the moderator of this group.
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0:00:32 --> 0:00:[privacy contact redaction] relate to his passion provocateur.
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My jacket is red because red is the color of passion.
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0:00:38 --> 0:00:[privacy contact redaction]iced law for 20 years before changing career 30 years ago.
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0:00:43 --> 0:00:[privacy contact redaction] 12 years I've helped parents and lawyers to strategize remedies for
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vaccine damage and damage from bad medical advice.
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I'm also the CEO of an industrial hemp company.
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On the bad medical advice, John Rappaport reports that bad medical advice is the
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We comprise lots of professions, including doctors, lawyers, homeopaths,
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0:01:05 --> 0:01:[privacy contact redaction]s, scientists, filmmakers, professors, peacemakers and troublemakers.
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And we're from all around the world.
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Many of us thought the vaccines were OK.
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Now many of us proudly say, yes, we are passionate anti-vaxxers.
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And the number, I keep testing this number as well on people not on this group.
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And I urge all of us to do so that when I was a kid, we got four or five vaccines in
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And in America, I believe it's [privacy contact redaction] 18 years.
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0:01:44 --> 0:01:[privacy contact redaction] madness.
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So I am a passionate anti-vaxxer.
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0:01:50 --> 0:01:[privacy contact redaction] Judy Mikovits advice to us.
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Don't be jabbed with anything.
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0:01:56 --> 0:02:[privacy contact redaction] time here, welcome and feel free to introduce yourself in the chat
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and where you're from.
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0:02:01 --> 0:02:[privacy contact redaction] or you have a radio or TV show like I do on TNT
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radio, or you've written a book, put the links into the chat so we can follow you, promote
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you and find you.
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0:02:13 --> 0:02:[privacy contact redaction] Collin, put your annual review link into the chat because you haven't done that
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for quite a while.
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0:02:19 --> 0:02:[privacy contact redaction]and we're in the middle of World War Three and there are various battle
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lines as part of this war.
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0:02:25 --> 0:02:[privacy contact redaction]and the development of science and that the science is never settled.
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The meeting runs for two and a half hours after which, for those with the time, Tom
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Rodman runs a video telegram meeting.
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Tom puts the links into the chat.
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If you are able to join, we'll listen to our guest presenters today, Mads Palsvik from
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Denmark and Alex Kraner from Monaco via Croatia.
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For as long as they wish to speak and then we have Q&A.
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0:02:50 --> 0:02:[privacy contact redaction]ablished tradition asked the first questions.
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There's no censorship.
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It's a free speech environment.
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Free speech is crucially important in our fight for freedom.
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If you're offended by anything, be offended.
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0:03:03 --> 0:03:[privacy contact redaction]ed.
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0:03:06 --> 0:03:[privacy contact redaction]ry that requires nobody to say anything that may offend another.
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Remember, I have a paper with nine standard responses to somebody who says to you,
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I'm offended by what you said.
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If you want that, if you want those nine standard responses, put it in the channel, send me
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an email, I'll happily share it.
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0:03:23 --> 0:03:[privacy contact redaction]ive of love and not fear.
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Fear is the opposite of love.
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Fear squashes you.
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Love, on the other hand, expands you.
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0:03:34 --> 0:03:[privacy contact redaction] or links or resources that will help people put the
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details into the chat, the meeting is recorded and is uploaded on the Rumble channel.
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0:03:42 --> 0:03:[privacy contact redaction] presenters, Alex Kraner and Mads Palsvik, who are both
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wonderful geopolitical experts and wonderful thinkers.
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And we thank you both so much for giving us your time and wisdom and insights today.
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And thank you, Stephen Frost again for creating the group and for organizing Alex and Mads
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to speak to us.
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Gentlemen.
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Charles, I should I should have told you, but didn't have a chance that Alex and Matt
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And and then depending on what they want, we can join in and and of course, ask
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But I hope they say something offensive.
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No, we want to we want to sit in on this discussion with pretend we're at a conference
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0:04:26 --> 0:04:[privacy contact redaction]s up on the stage, Stephen, and we're watching this
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conversation between these two geniuses.
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And we're going to have a discussion about the topic of the discussion.
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Between these two geniuses and to make life easier, just because the way this works,
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because I'm recording on this computer and then we put it up on the rumble.
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If any of you want Mads and Alex to be side by side, just reminding you all you have to
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do is to pin them, click on their name, you add a pin and then they magically turn up
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into the top left corner of your computer.
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And then you can see them side by side talking to each other as if they're on a stage.
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So add the pin and they are there on my top left corner.
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And I don't have to go finding their good looking faces.
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All right, so I'm like you, Stephen.
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So Alex and Matt, it's up to you how you how you do this.
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I was trying to think who's the better question asker of the two of you.
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And it's not an easy question to answer.
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So it's a bit weird to kind of talk to each other on this platform, Zoom platform.
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0:05:44 --> 0:05:[privacy contact redaction] and then we'll try it, we'll help you if you run out of
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things to talk about, because I know that you could talk for hours.
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You're muted, Alex and Mads.
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Thank you, Stephen, and thank you, everyone, for participating and for having us.
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It's a pleasure and a privilege.
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I wanted to ask if Mads had something that he wanted to open with.
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And if not, then I can open with something.
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Hello, Alex. Hello, Stephen. Hello, Charles.
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It's good to see you again, Alex.
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0:06:25 --> 0:06:[privacy contact redaction]ances on Bornholm virtually.
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A month ago.
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And yeah, no, I mean, obviously, I think that since we are both hedge fund managers,
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0:06:37 --> 0:06:[privacy contact redaction]ment bankers, we will maybe talk a little bit about economics and how we can have a
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And that would be something I would like to talk about.
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And another thing, your book, I think we've talked about it before, but I think it's
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your book, I think it was called Grand Deception.
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I read it four years ago when it came four or five years ago.
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And of course, your knowledge about Russia is second to none.
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And I would love to delve into that a lot.
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My wife is Russian.
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We met New Year's Eve 1989, 1990.
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And one month later, I was on a plane to Moscow and we got married the 9th of March.
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And we're still together.
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And I love my wife and my kids.
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And I love Russia.
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0:07:26 --> 0:07:[privacy contact redaction]ated to see how that nation was treated in the 90s.
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0:07:33 --> 0:07:[privacy contact redaction] six million Russians were killed by the banksters and the oligarchs.
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0:07:43 --> 0:07:[privacy contact redaction] didn't pay them any money.
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0:07:45 --> 0:07:[privacy contact redaction] think that maybe you and I could talk about some anecdotes.
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I see from the book, The Grand Deception, the treasure trove of information that you
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have there, the articles that are there, the list of literature.
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So I would hope that we could maybe talk a little bit about that because also what you
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write about is that it's so important that Russia and America refine their history,
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that they are friends.
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0:08:14 --> 0:08:[privacy contact redaction]ematically, it's been a conspiracy against Russia and against the
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So these are some of the things that I would love for you to talk about for sure.
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And then I'll pitch in with whatever I can whenever there's a chance.
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So back to you, Alex.
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Thank you very much, Mads.
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Okay, so challenge accepted.
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0:08:46 --> 0:08:[privacy contact redaction] giving the discussion and the current circumstances
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in the world a context.
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So because there's so much stuff going on in the world, there are so many events unfolding
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that it can be disoriented unless you understand the full context of what is going on.
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0:09:11 --> 0:09:[privacy contact redaction]s go back to what George Soros told us in 2021 at the Davos gathering,
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the World Economic Forum gathering in Davos.
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And he said that what we're witnessing is the conflict between two systems of governance.
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And so, okay, so he characterized it as the open societies, which are wonderful,
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democratic, liberal, care about human rights, blah, blah, blah, all of that, versus closed
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0:09:43 --> 0:09:[privacy contact redaction]ems, which are none of those things, which don't care about human rights,
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and they're tyrannical and autocratic and so forth.
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But there he was being disingenuous.
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In reality, it's the conflict between the predatory, oligarchic, imperialistic,
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0:10:10 --> 0:10:[privacy contact redaction]ic populations of countries where these oligarchies have
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taken over as a parasite.
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0:10:22 --> 0:10:[privacy contact redaction] goes back to antiquity.
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It goes back to Hammurabi's Babylonia and ancient Greece, the Roman Empire.
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0:10:36 --> 0:10:[privacy contact redaction]otle in the Republic already, he didn't accurately describe it, but he
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goods and services to make life better for the local community versus the system that
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turns to trade, turns to profit making, turns to essentially predation.
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And then in 1850s, Henry C. Carey, who was the chief economic advisor to Abraham Lincoln,
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he wrote quite a long passage describing how he saw the difference between the two systems.
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0:11:33 --> 0:11:[privacy contact redaction]s that we see today, including the conflict between the two systems,
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0:11:39 --> 0:11:[privacy contact redaction]s that we see today, including the corona pandemic, including the war in Ukraine,
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including what happened in Russia during the 1990s, what's happening in Africa today,
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0:11:52 --> 0:11:[privacy contact redaction] period that has devastated pretty much most of the world,
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0:12:00 --> 0:12:[privacy contact redaction]royed six indigenous civilizations around the world and thousands of
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kingdoms, cultures, tribes, enslaved tens of millions of human beings, depopulated entire
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0:12:18 --> 0:12:[privacy contact redaction] entirely of their native populations. That is the system of governance,
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which I wouldn't hesitate to call a malignancy, which is today fighting a proxy war in Ukraine
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as credible rivals, and they have been progressively beating back the globalist, imperialist system.
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wound to the empire. Now they're on the verge of losing entirely in Ukraine, and as we're
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observing, as we're speaking, just in the last week, we had a coup in Niger. African countries
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are turning up. They are no longer accepting the colonial dictates from the UK, from France,
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0:13:38 --> 0:13:[privacy contact redaction], whatever we want to call it, this malignancy, and the occult oligarchies that
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control it are literally in the fight for their very survival. I believe, I don't know this,
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but I believe that the logic of this conflict imposes it on Russia and China and Iran and
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BRICS nations and pretty much everybody concerned that this period of history must end, that these
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oligarchies and the methods and mechanisms that they use to enslave humanity must be completely
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0:14:22 --> 0:14:[privacy contact redaction]royed. They must be completely disenfranchised.
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So that, I think, is very important to keep in mind so that we understand that
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we're not looking at public health issues, that we're not looking at
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0:14:42 --> 0:14:[privacy contact redaction]ern do-gooders trying to salvage liberal democracy in Ukraine or anywhere else in the world,
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that we're literally looking at predatory oligarchic imperialistic system trying to
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to rule the world and losing at present. That's the context.
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Excellent. Matt?
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Oh, your microphone has gone very low, Matt.
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Okay, is it better if I sit like this?
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You've gone quiet again, Matt. I don't know what's happened.
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Okay, well, it works.
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Unlike you, be quiet.
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0:15:45 --> 0:15:[privacy contact redaction] Let me mute and...
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So how about now?
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Now it's fine.
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It's fine. Okay, I'll go a little bit closer. So basically, a lot of freedom fighters
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toeing the line, talking about the economy is collapsing. And I've been saying all along
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that it's not. And I'm saying that the moment I'm wrong, that is the time we have won. Because the
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threat of the collapse is what is creating the fear that they can control the world through.
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The minute the world collapses, they lose their power grip because people will go in and say,
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excuse me, why don't we just produce some money? We have people who can work. We have bricks. We
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0:16:37 --> 0:16:[privacy contact redaction] food. So we just need to create our own financial system,
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and it won't take long. We're not talking years. We're talking either weeks or months.
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So that's why the threat of the collapse is what they're doing. They're never collapsing it.
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0:16:57 --> 0:17:[privacy contact redaction] a local collapse in Greece. Yes. They will destroy a colony there until they
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0:17:02 --> 0:17:[privacy contact redaction] Yes, of course. But overall, if you look at it, it's not collapsing.
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If you read the book, Super Abundance, we spent on average, it's a straight line. We're becoming
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richer and richer and richer. We spent less minutes to buy any services. We spent less hours to buy
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that's a blip. The trend is still going up. The world is super abundant. There's enough for
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everybody. There's absolutely no reason why anybody is homeless or starving. No reason at all.
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0:17:48 --> 0:17:[privacy contact redaction] in Denmark 1% of the population working in agriculture and fishing, and we are producing
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0:17:53 --> 0:18:[privacy contact redaction]e. We are [privacy contact redaction] 3% of the population in the
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0:18:00 --> 0:18:[privacy contact redaction]ion, and we are net exporters of industrial goods. But the remaining
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96% are basically on some sort of universal basic income. So we are so wealthy. So the thing is,
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the problem is not that we are not wealthy. The problem is the distribution of the wealth.
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And I am not a bleeding-heart communist here at all. I'm not. It's just that the whole entire
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If you and I are allowed to buy services from each other, then it creates such a huge
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wealth that I don't even think any economist have dared writing about it. The multiplicator
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0:18:58 --> 0:19:[privacy contact redaction], how important that is for wealth creation. I challenge you to find any books,
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anybody writing anything about it, because they will be laughed at if they say, because then once
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0:19:09 --> 0:19:[privacy contact redaction]udying it and find out, my goodness, we're so rich. Let me give you an example of
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Denmark, and then you can counter intuitively understand how rich we are. So Denmark, we have
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0:19:20 --> 0:19:[privacy contact redaction]rage salaries of any nation in the world, I believe. And the marginal tax rate is 63%
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and then you pay 25% VAT and of course all the other taxes I don't want to go into details about.
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But let's just say for argument's sake, say that you pay 80% tax. So I make a thousand kroner,
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I give 80% to the technocrats and the warmongers and the vaccine purchasers that are my government
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and I keep 200 kroner. I then go out and spend 200 kroner buying services from someone.
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And this gentleman or woman will then be spending the same 80%. So she or he will be able to spend
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0:20:03 --> 0:20:[privacy contact redaction]ion or two transactions, the government system,
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0:20:11 --> 0:20:[privacy contact redaction]em, the oligarchical predatory system, they have been able to drain out 96%
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0:20:21 --> 0:20:[privacy contact redaction] gone into productive use and wealth creation. They managed to suck it
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all out. And what do they, and then the argument for doing that is, oh yeah, we're better off taking
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care of the money. And yes, I do understand they put some of the money back in terms of hospitals
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0:20:37 --> 0:20:[privacy contact redaction]ive public workers and so on. I'm aware that some of it comes back,
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but the bottom line is they suck a lot of it out and then they give it to destruction, to wars and
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so on. So I think this is what I'm saying about the collapse. If it collapses, then I agree with
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0:20:57 --> 0:21:[privacy contact redaction] won. And some of the things why I think you are on the right track
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0:21:01 --> 0:21:[privacy contact redaction]roying all the rivers in America, the forest fires, this is the thing
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they would do when they are really beaten. They want to destroy everything when they're losing.
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So this could be a sign that you might be right.
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Thank you, Mats. I'm astonished that the figure is 96%. I suspected it was something high.
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I thought it was less than 96%, but it doesn't surprise me. You're right.
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0:21:32 --> 0:21:[privacy contact redaction]em, I kind of had to explain this to myself,
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and then now I try to convey it because I think it makes sense. But basically,
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0:21:57 --> 0:22:[privacy contact redaction] we generate wealth is through productivity, meaning producing things that are useful,
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things that we desire. And so I try to ask people to envision, imagine a nomadic community.
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And basically, they still exist today in the world and basically the whole community
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works and collaborates to earn their subsistence. And I think somebody somewhere,
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I think I read it in Carol quickly, that it takes in these very simple communities, it takes 21
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persons' labor to provide sustenance for [privacy contact redaction]e. I don't know where that comes from,
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but let's say that it's broadly correct. But then what happens is that once we develop
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agriculture and settle down, now we have surplus. And once we have surplus, it means that not
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everybody has to work. So we can divert labor to teaching philosophy, art, painting. We can
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0:23:16 --> 0:23:[privacy contact redaction]s. We can create public transport. We can, you know, you can
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ask a squad of men to go and build a bridge across the river where there's further fields that can
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be cultivated. And now, you know, once the bridge is built, the community becomes even wealthier,
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and now it can cultivate more fields, now it becomes even wealthier. And so the more we apply
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knowledge, creativity, entrepreneurial spirit, the more wealth we build and accumulate. And now
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this wealth, this creates a surplus, a very significant surplus. And then we have to decide
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0:24:03 --> 0:24:[privacy contact redaction]us. And so inevitably, the question of monetary economics has to be
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0:24:10 --> 0:24:[privacy contact redaction] to ask ourselves, what do we want? You know, we are
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individuals who are, you know, put on this earth. We have the capacity to be happy. We love our
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0:24:26 --> 0:24:[privacy contact redaction]en. We love our family members and friends and parents and so forth. We enjoy good times and
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good food, music, arts, community and so forth. I think that these are the kinds of things that
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we would desire more. Whereas we found ourselves in a matrix where the imperative is economic growth.
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0:24:55 --> 0:25:[privacy contact redaction] secondary? You know, like we just have to produce more crap
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and more crap and more crap every year and consume more crap and more crap and more crap
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every year. It's a metastasizing of quantity against and loss of quality probably along the way.
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0:25:18 --> 0:25:[privacy contact redaction] to participate in these decisions because they should be formed and informed by our
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own inclinations, by our own core values. And so, you know, the relevant question of economic
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becomes who are we really? Why are we here? Those are economic relevant questions of economics.
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0:25:42 --> 0:25:[privacy contact redaction] become so accustomed to living in this matrix
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that we don't, you know, we've kind of checked out on these issues. We don't ask ourselves.
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We've abdicated our responsibility to politicians and think tankers and academics and experts who
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tell us how things should be, what is good for us, what is not good for us. But I think that by now
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many, many people, maybe most people, are sensing at least intuitively that this is all wrong
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and that we need to rethink our future. And now the problem is how do we fix the money?
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0:26:30 --> 0:26:[privacy contact redaction]ly the, you know, the source of all evil that poisons all the relationships
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in society because the kind of money that we have now is fraudulent. It's based on fraud.
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It's based on conjuring purchasing power out of thin air and then choosing what to spend it on.
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So it's no longer, you know, the spending is no longer chosen by individual people or communities
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based on their own needs, desires, values. But it's being decided by an oligarchy who says
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you shouldn't have art and ballet and symphony and beautiful libraries and community centers.
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0:27:16 --> 0:27:[privacy contact redaction]ead, you should have QR codes and 5G networks controlling your every move and,
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you know, an infinite maze of rules and prohibitions and permits that you can't even keep trying to
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even keep track of. So, you know, they're hoping to work it out with AI, but, you know, they're not
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going to. How to fix money is, I think, the key problem. So to go from the fraudulent money to
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0:27:49 --> 0:27:[privacy contact redaction] money, we go back to that analogy of turning from nomadic life to agriculture
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0:27:59 --> 0:28:[privacy contact redaction]us would be surplus of food, ability to, you know, build
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houses for families. And now if you're going to divert labor for other uses other than sustenance,
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0:28:20 --> 0:28:[privacy contact redaction] out of the surplus. So, you know, rather than dishing out
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bushels of grain and, you know, bottles of milk and whatever you have it, you would tokenize it,
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right? You would tokenize that surplus. And then you would make the political decision where the
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0:28:46 --> 0:28:[privacy contact redaction]ed. And then you would pay the people who manage this investment, who manage
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0:28:55 --> 0:29:[privacy contact redaction]s, whatever the community shows, by means of these tokens. You give each worker,
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I don't know, 100 tokens, and these 100 tokens entitles them to so much out of the surplus.
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So that would be, let's say, a broad brush idea of the honest money. And so the difference is that
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0:29:22 --> 0:29:[privacy contact redaction] and represent society's community's actual wealth.
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Or it could, it can also represent future wealth if we dare to imagine some, you know,
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when the Erie Canal was built, it collapsed the cost of trading between East Coast and the Lake,
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0:29:50 --> 0:29:[privacy contact redaction] of trading between East Coast and the Lake, and the Great Lakes by 90%.
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So by building that canal, you can already project that it's going to enhance the community's,
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the society's wealth. So then you can base money also on future wealth in a conservative way.
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But it cannot be credit, conjured out of thin air, and then allocated at the discretion of
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some oligarchy that is allocating it for their own agendas, their plans, their desires, because
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it becomes pathogenic. They, you know, they don't want everybody to be well off. They want to
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concentrate as much wealth as possible in their own hands. They like the population,
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they prefer the population to be, you know, in George Carlin's world, just smart enough to
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keep the machines going and too dumb to actually understand what is being done to them. And so I
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think it's down to us, to the awakening, to us understanding how the system operates, and how
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0:31:08 --> 0:31:[privacy contact redaction] wanted to also, before I wrap up this argument, I also wanted
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to point out, I used to think for the longest time that getting to honest money would fix the
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society's problems, but it goes a bit deeper than that. Namely, you know, throughout antiquity,
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0:31:31 --> 0:31:[privacy contact redaction] money because it was gold and silver coin mostly, and it was physical.
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0:31:40 --> 0:31:[privacy contact redaction]ional reserve lending. That is, it was impracticable.
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So even in absence of fiat currency, and even in absence of fractional reserve lending,
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we had such malignancy that we saw arise with the Roman Empire, which was an absolute abomination.
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I mean, the more you know about it, the more you know how horrifically rotten it is. And, you know,
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0:32:13 --> 0:32:[privacy contact redaction] that it's called Holy Roman Empire is another one of those big lies of history that,
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you know, actually turns everything upside down. And so it's not just honest money. We also need
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0:32:32 --> 0:32:[privacy contact redaction] the emergence of oligarchies. Because in every, I live in Monaco, right? It's
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not a democracy. The sovereign is the prince, Prince Albert at the moment. The ruling family
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has had more than [privacy contact redaction]y. But in Monaco, there's a, you
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know, a handful of families that are probably wealthier than the prince himself. And I suppose
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that, and you know, they are into being wealthy and getting more wealthy. And I suppose that at
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a certain moment in time, they might decide to conspire against the sovereign and take him out.
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And decide that it's better to have an oligarchy. Sorry, not better to have an oligarchy,
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0:33:24 --> 0:33:[privacy contact redaction] a democracy. You see, what happens is that throughout history, tyrants, kings,
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tsars, people like Vladimir Putin or Xi Jinping, they are able to deal with oligarchy in the way
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that democracy cannot. So, you know, in China, we've seen that corrupt bankers actually get to
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face a firing squad. In Russia, we saw Vladimir Putin line up the oligarchs and lay down the rules.
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So in 2003, basically, he got them all together. And he said, carry on. Run your businesses.
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0:34:09 --> 0:34:[privacy contact redaction] to do. You have to treat your people correctly,
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0:34:13 --> 0:34:[privacy contact redaction] to pay your taxes correctly. And you have to stay out of politics.
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0:34:22 --> 0:34:[privacy contact redaction] condition, they didn't take him seriously. So Mikhail Khodorkovsky, all the same,
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tried to barge into politics and set up his own party and run. And he got immediately arrested
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and thrown into prison for, I think, nine years. And that is something that is inconceivable in
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the UK, in France, in the United States, in any democracy. Because what we're being sold as
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0:34:52 --> 0:35:[privacy contact redaction]em that is ruled by an oligarchy with a facade of choice. And we know
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that it doesn't work because in most of the Western nations, people always vote for people
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0:35:06 --> 0:35:[privacy contact redaction]s vote for anti-war candidates, like the United States. For as long as I remember,
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0:35:13 --> 0:35:[privacy contact redaction]e who promised to end the wars, to stop the nation building,
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0:35:19 --> 0:35:[privacy contact redaction]op the empire building and so forth. And after every election, they still got more war,
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with the sole exception of Donald Trump. They always got more war. They always got more
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0:35:32 --> 0:35:[privacy contact redaction]s got more global military adventurism everywhere around the world.
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So obviously, the really, really important questions in society are decided by somebody else.
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Nobody asked for the vaccinations. Nobody asked for LGBT. Nobody's asking for climate lockdowns,
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0:35:53 --> 0:36:[privacy contact redaction]itute them. Nobody asked for 15-minute smart cities. Nobody asked
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for 5G network. Somebody's making all those decisions. Somebody's allocating capital into
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0:36:08 --> 0:36:[privacy contact redaction]ans. And it's not the democratic will of the people.
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Since the times of antiquity, the tyrants was the label applied to people who wanted to put
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brakes on the oligarchy, who wanted to deal with the oligarchy and put a check on their excesses
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and abuse. Julius Caesar was one of them, and he was assassinated. History packages out as like,
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the senators killed Julius Caesar to preserve democracy, ignoring the results. So the declarations
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are taken as evidence, but the results of what the system actually does are ignored by history.
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0:36:57 --> 0:37:[privacy contact redaction] today, but as an example, after the Punic Wars, there was
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the creation of the Latifundia in the Roman Empire, and of course, the aristocrats got
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all the good lands, and it was consolidated in very few hands.
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This was all based on the operation of debt and usury.
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2,200 years later, Penguin Classics in translating Livy's History of Rome omits three passages
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0:37:45 --> 0:37:[privacy contact redaction]ain that the consolidation of wealth in the aftermath of the Punic War was based on the
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operation of debt and money lending and the operation of the bankers. Those three passages
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were omitted from the translation. So to this day, the oligarchies lie about historical record
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0:38:09 --> 0:38:[privacy contact redaction] they operate. So I think that our task today is not only to create honest money,
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0:38:17 --> 0:38:[privacy contact redaction]itute checks on oligarchies, whether emergent ones or the ones that already exist.
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Great speech, Alex.
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Alex, and so basically, we were talking about fixing money, and I think I want to
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delve into that a little bit because we have a very important task, and that is that,
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0:38:42 --> 0:38:[privacy contact redaction]ed in pharmaceuticals and medical in the last four years,
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which I've never been before, but because of the pandemic, I had to do that. I think that now it's
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very important that everybody take it upon themselves to try to understand what money is.
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0:39:01 --> 0:39:[privacy contact redaction], for various reasons, we have such a big chance to do it now because
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we saw how they, in 2019, they were doing it in the same way that they were doing it in the
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0:39:15 --> 0:39:[privacy contact redaction] We saw how they, in 2019, couldn't spend one billion on welfare to the elderly here in Denmark,
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and the following year, they could spend [privacy contact redaction]or home.
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0:39:29 --> 0:39:[privacy contact redaction]ate prices went up. Equity prices went up. If you ask any economists what would happen
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0:39:38 --> 0:39:[privacy contact redaction]or home, the last thing they would say would be that equity
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prices went up and house prices would go up. There's no way that could happen. Well, it did
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because of money creation. When you create money and the velocity of money, how much you're spending
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that money, how fast it's being put to use, it creates either inflation or growth or a combination
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of the two. So that's why this bizarre thing happened. And that is a good chance for people
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0:40:09 --> 0:40:[privacy contact redaction]and that these oligarchs who are running, or Democrats, false Democrats,
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or politicians who are running the show, they can create as much money as they want. They can type
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in as many zeros after the digits as they want. And this is something that is very important to
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0:40:33 --> 0:40:[privacy contact redaction] the 2008 where the Southern Europeans, it was too tempting for
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0:40:43 --> 0:40:[privacy contact redaction]ers. All these Southern Europeans, most of them owned their houses without a mortgage.
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So it's difficult to take control of Southern European nations because if you're unemployed,
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0:40:56 --> 0:41:[privacy contact redaction]s had a dad or an uncle or granddad or grandmother who had a big family home
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with no mortgage because they bought it or built it 100 years ago. So if you ever were in trouble,
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0:41:10 --> 0:41:[privacy contact redaction] move home, no more home, free of charge. And then, so this was very tempting
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0:41:17 --> 0:41:[privacy contact redaction]ers. So they created this artificial crash and it goes like this literally.
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They call each other and say, let's crash the market, okay? So they sell all their personal
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0:41:28 --> 0:41:[privacy contact redaction] And then they go to call all the bank managers. Now you stop lending and call back
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your loans. And then it's a game of musical chairs. It's about the music stops. Who doesn't have a
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chair to sit on? You lost. And then they throw that you crash the markets. And they did that
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in Southern Europe. They crashed the economy. And already with the corrupt politicians, they,
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as we do in Denmark and all the other countries have these massively corrupt politicians, they
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0:42:01 --> 0:42:[privacy contact redaction]s ran a deficit of 3%. Why? I mean, we already have this huge tax burden. Why are they always
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running a deficit of 3%? I mean, come on. So you're taking in 97 and you're spending 100. Why? Why not
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take in 100 and spend 100? If you're already taking so much, why do you have to run a deficit?
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0:42:22 --> 0:42:[privacy contact redaction] this debt that keeps growing. And then when you have
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the crash, it's no longer 3% deficit. It's maybe 7%, 8% or 9% deficit. And then the EU and the IMF
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comes in, oh, Southern Europe, that is not acceptable. So now you have to fix it. Yeah,
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but we need to borrow some money. What do we do? The corrupt politicians cannot talk about money
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creation. They cannot talk about what they did in 2020, just produced the money out of thin air
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by tapping in it. No, no, they didn't do that. No, they had to borrow the money from IMF and
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0:42:56 --> 0:43:[privacy contact redaction]ers, of course, of 8% or 9% interest, which of course they can't pay because
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they're already running this huge deficit. And then the IMF says as a condition to the loan,
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0:43:07 --> 0:43:[privacy contact redaction] to fire all your public sector workers. Guess what's going to happen then
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with the tax base? The public sector, they're not paying anything because they're unemployed.
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They're not spending any money in the local businesses. So they are also closing down.
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0:43:21 --> 0:43:[privacy contact redaction]royed. And then, of course, the countries can't pay anything. And then
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IMF comes in and says things like, for example, well, you should probably introduce a real estate
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0:43:34 --> 0:43:[privacy contact redaction]e say, well, I can't pay my real estate tax. I'm unemployed. I can live in my
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home because I paid for it. But I can't pay real estate tax. I don't have any money. I'm not
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0:43:45 --> 0:43:[privacy contact redaction]ers come in and then they say, and here comes, you can take a mortgage.
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And then they take a mortgage and pay the tax to the banksters. And this is what they did in 2008.
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And then they bailed out the banks. They said they could not help the poor people in southern Europe.
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They printed or typed in 1,500 billion euros and bailed out the British, the French and the German banks.
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0:44:13 --> 0:44:[privacy contact redaction]e dawned to the fact that there is something going on with this money.
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There's something going on. And then they saw from 2008 to 2016, they saw President Obama,
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Nobel Peace Prize winning Obama, spending $10,000 billion mainly on wars. So doubling the amount of
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0:44:35 --> 0:44:[privacy contact redaction]culation in eight years. And to translate $10,000 billion, because that's neither
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here nor there, that is the equivalent of 30,[privacy contact redaction]rage family in America
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0:44:54 --> 0:45:[privacy contact redaction]en, call me old fashioned, dreamer, would be $120,000 US dollars
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0:45:04 --> 0:45:[privacy contact redaction]e on food stamps. Imagine what a life-changing event that would have
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been for many, many families. If Obama, bastard, instead of having bombed poor countries all over
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the world, transferring money to the military criminal complex, imagine he had instead just
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produced the money and handed it to the rightful owners, which is the people, everybody. We all own
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our fair share of the money creation. It doesn't say anywhere in my constitution that BlackRock
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0:45:39 --> 0:45:[privacy contact redaction] are allowed to mint coins in Denmark. It says only the king can mint coins. That's what
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0:45:45 --> 0:45:[privacy contact redaction]itution. Nowhere does it say that the ECB can do it on behalf of Goldman Sachs.
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0:45:52 --> 0:46:[privacy contact redaction] this chance now to explain these stories,
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and they can see that Obama, he was a puppet for these evil oligarchs. And then that was example
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0:46:08 --> 0:46:[privacy contact redaction]e number three, of course, was the lockdown, where in Denmark they spent
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$500 billion on locking, on just sending all the public sector home, and then in 2021, I mean,
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they're busy bees, these banks, aren't they? In 2021, they could spend an equivalent amount
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of vaccines. Come on, what's going on? Where do they get all this money from? They just type it
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into a computer. And now in 2022, America $150 billion already, and Denmark, I don't know how
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many billions we're sending down there. And soon, of course, as you mentioned, it will be the climate.
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So now, please, come on, everybody. I have zero tolerance for anybody not understanding
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0:46:53 --> 0:46:[privacy contact redaction]s, they are giving us so many examples of what they're doing.
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0:46:59 --> 0:47:[privacy contact redaction]and that. And ask yourself the question, what if Obama didn't
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0:47:07 --> 0:47:[privacy contact redaction]an and Syria and Libya? What paid the money to the poor people in America instead?
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What if the ECB hadn't spent 1,500 billion euros bailing out French, German, and English
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money laundering businesses called banks? What if they had instead given the money creation to the
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rightful owners, the people in Southern Europe, so they could have a nice standard of living,
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which they deserve in these rich, beautiful countries? And what if we hadn't sent the entire
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0:47:41 --> 0:47:[privacy contact redaction]or workers home, but instead had invested that in, well, let people find out what
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0:47:47 --> 0:47:[privacy contact redaction] that in. Don't tell them what to do. Just give everybody their fair share of the
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0:47:52 --> 0:47:[privacy contact redaction] it or spend it or use it on education or go on holiday,
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0:47:59 --> 0:48:[privacy contact redaction]e decide for themselves. So I agree with this, if I understood
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0:48:07 --> 0:48:[privacy contact redaction]ly with the token idea, I think that money creation should be a kind of being a
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shareholder in your country. We are all together. We all own our fair share. Why should a bankster
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have all of it? Why? Why should someone who is educated have more than someone who's uneducated?
460
0:48:30 --> 0:48:[privacy contact redaction] more than someone who's unemployed? Why is that? No, no.
461
0:48:36 --> 0:48:[privacy contact redaction] the same. And that money, and if we then have a tax system,
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0:48:43 --> 0:48:[privacy contact redaction]en from human beings with a heart and a capacity for empathy towards
463
0:48:51 --> 0:48:[privacy contact redaction]e, other human beings, and move that tax burden to corporations, which are basically
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0:48:58 --> 0:49:04
psychopaths. They are like sharks. They just eat everything on their way. They're not necessarily
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0:49:04 --> 0:49:11
good or bad. They're just designed just to grow and grow and to think about their shareholders.
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0:49:11 --> 0:49:16
They don't think about it. All this public-private partnership, that's bullshit. A company cannot
467
0:49:16 --> 0:49:24
have any empathy by design. Of course it can't. So the entire tax system is designed so that human
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beings, we pay, as in my example, 80%. And when I spend the money, the next one pays 80%. So after
469
0:49:30 --> 0:49:[privacy contact redaction]ions, it's already 96%. Whereas the multinational corporations, and I'm astonished
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0:49:37 --> 0:49:42
so many grownups are not aware of this, but multinational corporations do not pay tax.
471
0:49:43 --> 0:49:[privacy contact redaction]em where they put all their profits in Cayman Island and Panama
472
0:49:49 --> 0:49:55
and all their expenses in England and Denmark, or wherever they are operating. So they don't pay any
473
0:49:55 --> 0:50:[privacy contact redaction]ease, come on. What we need to do is we need to remove tax on human beings. End of story.
474
0:50:03 --> 0:50:[privacy contact redaction] like in the Bible, it takes [privacy contact redaction]e
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can get into the promised land because they are used to this system. So we introduce a 1%
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turnover tax on all digital transfers of money. The multinational corporations, they cannot operate
477
0:50:23 --> 0:50:31
without transferring money. So this would mean that for the first time in human history,
478
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we'll be paying tax to the countries they're allowed to operate in. So this is a good thing.
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And counterintuitively, this system is a win-win for everybody. It's quite obvious it's a win-win
480
0:50:42 --> 0:50:[privacy contact redaction]ead of paying 80% tax, they pay 1% when they spend their money. Come on.
481
0:50:47 --> 0:50:51
It's hard to see. That's a pretty damn good business. Now you would then say, but what about
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0:50:51 --> 0:50:56
the multinational corporations, these poor guys? Well, yes, they will pay 1% when they import stuff,
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1% when they pay salaries, 1% whenever they do anything. But the thing is, why would they win?
484
0:51:02 --> 0:51:[privacy contact redaction] doubled or tripled or 10-doubled because the middle class
485
0:51:09 --> 0:51:[privacy contact redaction]oded. Everybody had enough. Everybody had prosperity. Everybody had
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0:51:15 --> 0:51:21
an abundance of goods and services at their disposal. And everybody wants to pitch in.
487
0:51:21 --> 0:51:[privacy contact redaction]ive. They'd like to get up in the morning, have a purpose in life,
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0:51:25 --> 0:51:30
and do something good. So even the multinational corporations will win. They will all win. And why
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have they done this before? And I think we're back to you again here, Alex, now, because I think that
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is what you talked about. There are some very evil people, predatory oligarchs who do not have the
491
0:51:42 --> 0:51:[privacy contact redaction]e at heart. Wow, Mads, thank you. That was brilliant.
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I wasn't able to bottle it up, but I'll try to. I took some notes. So I need to think about that.
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0:51:59 --> 0:52:06
But I very much like those ideas, the ideas that you present. I had another idea. Well, you know,
494
0:52:06 --> 0:52:18
like I don't want to... Do you know, I watched once a documentary. I think it was about Bushmen,
495
0:52:18 --> 0:52:29
or maybe it was the... Well, some African tribe, some native African tribe, they were hunting a
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0:52:29 --> 0:52:39
giraffe. Okay? And the hunt was like three or four days, because the giraffe is a lot faster than
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them. So they run after the giraffe until they exhausted. And they have to set up camp at night
498
0:52:47 --> 0:52:[privacy contact redaction] And then in the morning, they continue chasing the giraffe. And well, in this case,
499
0:52:54 --> 0:53:[privacy contact redaction]erner was with them shooting the documentary. And then he wanted to bring up
500
0:53:01 --> 0:53:[privacy contact redaction] of the giraffe. And the native said, like, no, no, no, no, no, we do not talk about the
501
0:53:09 --> 0:53:16
giraffe. And he said, but why? That's because if we talk about the giraffe, we're giving it power.
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0:53:17 --> 0:53:23
We're making it stronger. So we don't talk about the giraffe. Now, why did I say this? I say this
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0:53:23 --> 0:53:31
because I think we should focus our attention on where we want to go, what solutions we want to
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0:53:34 --> 0:53:43
think up, develop, implement, and refine over time, and not think about the evil oligarchs.
505
0:53:44 --> 0:53:51
Yeah. Evil oligarchs are all there. And maybe they are residing in each and every one of us.
506
0:53:51 --> 0:53:[privacy contact redaction] didn't get the opportunity yet. But I think that we need to talk, I think we need to focus
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0:53:58 --> 0:54:09
our attention of what we want from this lifetime. Or maybe in better terms,
508
0:54:10 --> 0:54:16
if we want to imagine what kind of life we would want for our children and their children,
509
0:54:17 --> 0:54:24
and then try to develop that. One of the problems that I was kind of grappling with
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0:54:25 --> 0:54:36
about how to allocate credit, to whom, for what uses. Because this is where the system,
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0:54:36 --> 0:54:47
you know, like anybody envision a banker, envision a statesman or some kind of an
512
0:54:47 --> 0:54:[privacy contact redaction]rator who allocate capital, that's going to be a magnet for corruption.
513
0:54:54 --> 0:55:01
Because if we know that, I don't know, MADS controls a state fund with $10 billion in it,
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0:55:02 --> 0:55:08
I'm going to want to be friends with MADS, and I got all kinds of ideas that I want to implement.
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0:55:08 --> 0:55:12
And then maybe, you know, if we're effective, if we're successful,
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0:55:13 --> 0:55:17
maybe I'm going to have some clever ideas even that are going to go at the expense of the community,
517
0:55:17 --> 0:55:22
but to our benefit. And we can, so, you know, like that's where corruption can happen.
518
0:55:23 --> 0:55:28
And this is when, where some people tend to become more equal than others. So,
519
0:55:31 --> 0:55:39
so how does, I'm sorry, I'm juggling about the comments. So, how do we get around
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0:55:40 --> 0:55:48
this risk of corruption emerging where the social wealth, the social credit,
521
0:55:48 --> 0:55:54
is being allocated to different uses? And I think that today we can solve this problem.
522
0:55:54 --> 0:56:00
And my idea came when I looked at some of these crowdfunding platforms,
523
0:56:02 --> 0:56:09
right? You have all these ideas emerging bottom up from creative young people who have ideas,
524
0:56:09 --> 0:56:16
they want to do this, they want to do that, blah, blah, blah. And then perhaps a solution would be
525
0:56:16 --> 0:56:25
to raise this crowdfunding to the level of society so that it becomes one of the ways
526
0:56:26 --> 0:56:[privacy contact redaction] You know, Matt said, like, this social wealth should belong to everybody.
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0:56:34 --> 0:56:38
Because, you know, like maybe, you know, like maybe I'm a hedge fund manager. I'm not,
528
0:56:38 --> 0:56:43
I'm an expat hedge fund manager, but maybe, you know, like I'm a hedge fund manager and I earn,
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0:56:43 --> 0:56:51
like, $100 million a year. But what about the firefighter? You know, if my house catches on
530
0:56:51 --> 0:57:[privacy contact redaction]s my family, that person provides probably more value to society
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0:57:01 --> 0:57:11
than my speculation. So, I think there's a very good argument to be made that social wealth should
532
0:57:11 --> 0:57:[privacy contact redaction], at least some part of it, at least like a core part of it.
533
0:57:18 --> 0:57:[privacy contact redaction] a choice to do this or that profession and maybe there is a marketplace
534
0:57:24 --> 0:57:[privacy contact redaction]s, your services are worth more than other times. And so you end up
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0:57:30 --> 0:57:37
worth earning a bit more than the other ones. But then investing this wealth should be perhaps
536
0:57:38 --> 0:57:[privacy contact redaction]atforms where I would have a choice to not take my share of the social
537
0:57:47 --> 0:57:57
wealth in cash, but maybe to allocate my share of it to projects that I like. So somebody maybe
538
0:57:57 --> 0:58:[privacy contact redaction]art a school of calligraphy. And I really like calligraphy. And then I say, like,
539
0:58:04 --> 0:58:09
you know what? I like that idea. It doesn't have to take us to the moon. It doesn't have to help us
540
0:58:10 --> 0:58:[privacy contact redaction]roy Russia, erase it from the face of the earth. Or maybe I like
541
0:58:17 --> 0:58:21
calligraphy. Or maybe somebody can say, like, there's a really good reason to build pyramids.
542
0:58:22 --> 0:58:28
Hey, why not? Let's build pyramids. You know, like, because, you know, if they're diverting
543
0:58:28 --> 0:58:39
96% of our wealth and we're only navigating through our lives on 4%, it means that we should
544
0:58:39 --> 0:58:50
be 25% wealthier than we are. So why not calligraphy? Why not pyramids? Why not anything
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0:58:50 --> 0:58:57
that we wish? And so maybe crowdfunding would be one part of the social architecture that would
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0:58:59 --> 0:59:08
enable allocation of capital, of the surplus, in a democratic, transparent way, and also eliminate
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0:59:10 --> 0:59:19
the rise of the more equal class that is always going to emerge around very large pools of capital.
548
0:59:20 --> 0:59:[privacy contact redaction], that's my four cents on that. And I also propose that we try to ignore the
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0:59:30 --> 0:59:38
oligarchy as much as possible. Yes, lazy people are important. I agree. That is the essence of
550
0:59:38 --> 0:59:[privacy contact redaction]ories. If you read Russian, Indian, Turkish, whatever, folk stories,
551
0:59:45 --> 0:59:[privacy contact redaction]s the heroes. You know, the entrepreneurial sons always end up killed,
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0:59:51 --> 0:59:58
and then the lazy one gets to inherit the wealth and marry the princess and live happily ever after.
553
1:00:01 --> 1:00:09
Alex and Mats, could you address the way they do it in China? Or that Amon McKinney
554
1:00:09 --> 1:00:[privacy contact redaction]ain to us about China, how they have this money over for big projects,
555
1:00:19 --> 1:00:[privacy contact redaction]s. So I don't know whether Mats saw... Yes, you did see it, Mats.
556
1:00:26 --> 1:00:[privacy contact redaction] wondered...
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1:00:29 --> 1:00:33
Well, I can comment a little bit on that if you want. If I let me, I can start on that, Alex,
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1:00:34 --> 1:00:42
if you're okay with that. So again, back to this thing about people saying the world economy is
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collapsing. And I'm a former trader and so are you, Alex. So if you and I were wrong for 20 years,
560
1:00:49 --> 1:00:[privacy contact redaction] been fired a long time ago and probably never have been able to work again.
561
1:00:54 --> 1:01:[privacy contact redaction] or a salesperson who can talk, or if you are a journalist or a
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1:01:01 --> 1:01:05
professor on a university, you can be wrong for 20 years. Nothing happens to you.
563
1:01:07 --> 1:01:[privacy contact redaction]e who are saying the world is collapsing,
564
1:01:11 --> 1:01:[privacy contact redaction] a day when you admit that you were wrong? So if the world has not collapsed in 2050,
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1:01:19 --> 1:01:26
will you sign a piece of paper where you agree that you were wrong? Okay. And if so, how about
566
1:01:26 --> 1:01:33
2049? How about 2048? How about now? Right? How about right now? You've been saying this
567
1:01:33 --> 1:01:39
for 20 years, the world is collapsing, so far it hasn't done it. Why should it do it right now?
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1:01:39 --> 1:01:48
And I can compare this analogy to China. I have books that are 20 years old saying that this
569
1:01:48 --> 1:01:53
economic miracle in China cannot go on because they're growing at 10% a year. At that time,
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1:01:53 --> 1:01:59
now it's only six or seven, but still it's a lot. It cannot go on. It is an impossibility,
571
1:01:59 --> 1:02:[privacy contact redaction]ill making their huge salaries as an economist in the biggest
572
1:02:07 --> 1:02:[privacy contact redaction]ill have their columns in the Financial Times and Wall
573
1:02:12 --> 1:02:[privacy contact redaction] been wrong consistently about China for 20 years. And
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1:02:18 --> 1:02:22
one of the parts of the reason is they probably are as clueless about money creation as I was
575
1:02:22 --> 1:02:[privacy contact redaction]ment banker, which doesn't say a lot. But the other thing is that they're
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1:02:31 --> 1:02:35
not allowed to talk about it. They're not allowed to talk about the fact that they have two economic
577
1:02:35 --> 1:02:[privacy contact redaction]ems. Yes, they are part of the World Trade Organization dealing with the West. They enjoy to
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1:02:42 --> 1:02:49
produce goods for America and so on. But they also produce government money. This is a big secret.
579
1:02:49 --> 1:02:57
You won't hear any economist talking about that. China, they produce as much money as they want.
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1:02:57 --> 1:03:[privacy contact redaction] this amount of growth and they produce enough money until they
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1:03:02 --> 1:03:08
get it. Even if to the tune of building cities, million cities where million people could live
582
1:03:08 --> 1:03:[privacy contact redaction] keeping it empty. They will make sure that it keeps growing. They try to,
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1:03:16 --> 1:03:23
they try to, in George Soros, when they were trying in the Asian crisis in the 90s, when they tried to
584
1:03:24 --> 1:03:29
devalue all the currencies, they also tried with Hong Kong and China and they didn't succeed. In
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1:03:29 --> 1:03:34
Hong Kong, the Chinese government just said, okay, yeah, that's fine. They tried to sell the
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1:03:34 --> 1:03:41
hank-sen and they tried to destroy the currency. And the government just bought everything.
587
1:03:41 --> 1:03:[privacy contact redaction] bought it all. Then they made a lot of profit and the
588
1:03:46 --> 1:03:[privacy contact redaction]ern bankers, they lost. So what I'm saying here is again, back to the money creation,
589
1:03:51 --> 1:03:58
the Chinese, they have two systems. They are producing so much money. And also I just saw
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1:03:58 --> 1:04:04
this, I believe there was an article that an America has 150 miles of high-speed rails.
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1:04:04 --> 1:04:[privacy contact redaction] in China, just what they have built since 2007.
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1:04:09 --> 1:04:18
It was like, it was just a maze of high-speed rail through every single big city in China.
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1:04:18 --> 1:04:24
This is what they've done in the last 15 years. So it's an amazing growth engine they have over there.
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1:04:26 --> 1:04:33
So that was my, yeah, what I want to say. Yeah, well, and I wanted to add, Mads, that is very
595
1:04:33 --> 1:04:[privacy contact redaction]em is the reason why in 1997, when all the East Asian
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1:04:44 --> 1:04:59
economies collapsed, China did not. They have insulated themselves from this financial collapse
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1:04:59 --> 1:05:07
that engulfed all the other economies. And I think that to address another aspect of Stephen's
598
1:05:07 --> 1:05:[privacy contact redaction]ion, I think that what Eamonn McKinney was saying is legitimate. Because there are sometimes
599
1:05:17 --> 1:05:[privacy contact redaction]s that go beyond the ability or willingness of private capital to fund things like large dams,
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1:05:29 --> 1:05:36
bridges, the tunnels, what have you. And in that case, it is legitimate that the government
601
1:05:37 --> 1:05:43
steps in and says, okay, we're going to build here a bridge that's going to cost
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1:05:44 --> 1:05:51
X amount of money. But they already, you know, like Eamonn was, I liked very much his explanation
603
1:05:51 --> 1:05:57
that, you know, there were these two big cities and that the drive between them took six or seven
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1:05:57 --> 1:06:03
hours and that so many millions of vehicles went back and forth every year. And so you had like,
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1:06:03 --> 1:06:10
I don't know, six billion hours being wasted in traffic generating pollution. And so the government
606
1:06:10 --> 1:06:18
built this insane bridge, the longest bridge of its kind in the world, but it made sense.
607
1:06:19 --> 1:06:26
And the government was able to make that study, come to that decision and build the bridge. And
608
1:06:26 --> 1:06:[privacy contact redaction]s, Erie Canal, pyramids, you know, Chinese wall,
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1:06:36 --> 1:06:43
are probably beyond what private capital would or could do. You know, like somebody could say like,
610
1:06:43 --> 1:06:48
oh, I'll be the entrepreneur, I'm going to build that bridge. But what if you come up with only
611
1:06:49 --> 1:06:54
half the money from the crowdfunding, you still can't do it. You need all of the money.
612
1:06:56 --> 1:07:04
I think this is where governments can legitimately step in. I think that Western knee-jerk
613
1:07:04 --> 1:07:[privacy contact redaction]ance to this, which, you know, like people always cringe socialism, is disingenuous because
614
1:07:10 --> 1:07:[privacy contact redaction] You know, it just masquerades as capitalism. And I'd like to
615
1:07:16 --> 1:07:[privacy contact redaction]ain this as well. So it ties into the argument that Mads made about the way they screwed
616
1:07:26 --> 1:07:33
Southern Europeans by crashing the economies and so forth. You know, the 3% deficits and then the
617
1:07:33 --> 1:07:40
7% deficits and so forth. The governments have to go into deficits because of a thing called the
618
1:07:40 --> 1:07:[privacy contact redaction]ain this. It's a little bit convoluted, but here's how it goes.
619
1:07:46 --> 1:07:[privacy contact redaction]culation is the principle. You have to pay it back with interest.
620
1:07:56 --> 1:08:[privacy contact redaction]culation is because somebody took on the debt, because it would be
621
1:08:01 --> 1:08:10
impossible otherwise to pay back. You know, like if they put $[privacy contact redaction]culation and your mortgage
622
1:08:10 --> 1:08:[privacy contact redaction] to pay $2 in total, the second dollar simply doesn't exist. Right? So it's
623
1:08:18 --> 1:08:26
it would be impossible to pay back the debt. So you have to create a Ponzi scheme where
624
1:08:27 --> 1:08:32
you try to get more and more and more people into debt so that you can put more and more and more
625
1:08:32 --> 1:08:[privacy contact redaction]culation. Okay. So what happens is that all the debts that are taken out constitute
626
1:08:45 --> 1:08:[privacy contact redaction]y generally constitutes the aggregate salaries, aggregate
627
1:08:54 --> 1:09:01
expenses, you know, like everything that the economy puts into producing goods and services.
628
1:09:01 --> 1:09:08
That's one side of the equation. The other side of the equation is that that same money,
629
1:09:08 --> 1:09:[privacy contact redaction] same money represents the total purchasing power that's available in the system
630
1:09:13 --> 1:09:[privacy contact redaction]s and services that are produced.
631
1:09:19 --> 1:09:26
Now, two big problems emerge. First one is that people don't spend all that money, all their money.
632
1:09:26 --> 1:09:[privacy contact redaction] 5, 10, 15 percent for the rainy day if they can. So that already reduces the
633
1:09:34 --> 1:09:39
purchasing power. Now, what happens is when you reduce the purchasing power, then all these
634
1:09:39 --> 1:09:45
companies that produced all the goods and services cannot sell them for the price that they planned.
635
1:09:46 --> 1:09:[privacy contact redaction] to reduce the prices, then you start to get the so-called deflationary debt
636
1:09:52 --> 1:09:57
spiral because now they won't be profitable enough. They might not be able to pay back their debts.
637
1:09:58 --> 1:10:[privacy contact redaction] to let go some workers, reduce their capacities and so forth. And then that would
638
1:10:05 --> 1:10:13
further reduce the purchasing power available in the society. So it creates a self-reinforcing
639
1:10:13 --> 1:10:22
spiral. The other element that has the exact same effect is that every time you pay back your debt,
640
1:10:23 --> 1:10:29
you extinguish that money. So that money disappears from the economy and along with it,
641
1:10:29 --> 1:10:40
the purchasing power that's attached to it. And so given the fraudulent debt-based
642
1:10:41 --> 1:10:[privacy contact redaction] in operation, the only way that the purchasing power can be kept
643
1:10:51 --> 1:10:[privacy contact redaction]epping in. And it's not enough to just
644
1:11:01 --> 1:11:[privacy contact redaction]e and spend the money because that merely transfers the purchasing power from one group,
645
1:11:07 --> 1:11:14
from private individuals to the government. Nothing changes. The amount of money in the
646
1:11:14 --> 1:11:[privacy contact redaction]em hasn't increased. So the government has to borrow money. So the government has to
647
1:11:25 --> 1:11:31
become a participant in the Ponzi scheme. The government has to borrow money. It has to go
648
1:11:31 --> 1:11:38
into a deficit. And that is very obvious when you look at any government's deficit spending
649
1:11:39 --> 1:11:[privacy contact redaction] this monetary system. It always goes like this.
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1:11:45 --> 1:11:53
And the government debts expand exponentially. And so this is completely inevitable. And
651
1:11:55 --> 1:12:02
this is the result of the fraudulent money that we have.
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1:12:02 --> 1:12:10
One organic solution to that. There is one organic solution to that. That will solve that problem
653
1:12:10 --> 1:12:15
with you borrowing one dollar and over [privacy contact redaction] to pay back two and the other dollar has
654
1:12:15 --> 1:12:20
not been created. Therefore, it's a Ponzi scheme because you can only pay it back if someone else
655
1:12:20 --> 1:12:[privacy contact redaction]ence and has to grow and grow and grow. And the solution
656
1:12:26 --> 1:12:[privacy contact redaction] rates, problem solved. Bam. That's it. Job done. And then
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1:12:32 --> 1:12:40
I think that was what was happening in Europe the last few years organically because maybe the
658
1:12:40 --> 1:12:[privacy contact redaction]ers and politicians were so busy scheming the pandemic and so on that the financial system
659
1:12:48 --> 1:12:56
sorted itself out by having negative interest rates. And I haven't done any calculations how
660
1:12:56 --> 1:13:05
many years it will take, but it can balance out itself out by having negative interest rates for
661
1:13:05 --> 1:13:11
a while. I mean, if you asked anybody, can we have negative interest rates just five years ago,
662
1:13:11 --> 1:13:[privacy contact redaction]e would say, no, come on, you're crazy. And I think that's the solution. And I think
663
1:13:16 --> 1:13:[privacy contact redaction]e would say, no, come on, you're crazy. Impossible. And now it's like normal.
664
1:13:20 --> 1:13:24
Yeah, I know the interest rates have gone up quite a lot. Of course, I'm aware of that. But
665
1:13:25 --> 1:13:[privacy contact redaction] two years ago, it was negative all over Northern Europe. So that is the organic
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1:13:33 --> 1:13:39
solution to it. And then again, we go back to the good old king or the first dental banks,
667
1:13:40 --> 1:13:[privacy contact redaction] print the money. You don't have to make it as debt. You can actually just issue the money.
668
1:13:47 --> 1:13:53
I promise, and I owe you, the government, I promise my people will get up in the morning
669
1:13:53 --> 1:14:01
and go to work for the value of this dollar. I promise that the value of my bridges and real
670
1:14:01 --> 1:14:[privacy contact redaction]ive capacity is more than this dollar. And they just produce it.
671
1:14:08 --> 1:14:14
And if they're wrong, they just create inflation. So Alan Greenspan, he said that
672
1:14:17 --> 1:14:[privacy contact redaction]s produce as many dollars as it wants. He said that to some, to an astonished
673
1:14:23 --> 1:14:[privacy contact redaction]s. I don't know whether you remember that famous video. But well,
674
1:14:28 --> 1:14:[privacy contact redaction]onished because they're clueless. If they were worth anything as journalists,
675
1:14:34 --> 1:14:39
they wouldn't be astonished. That's like an obvious fact. Right. And that's the scam that
676
1:14:39 --> 1:14:[privacy contact redaction], for example, Southern America. See, America never borrowed
677
1:14:46 --> 1:14:51
in foreign currency, which means all this story about, oh, China selling their bonds. And America
678
1:14:51 --> 1:14:56
will go, yeah. And what's the problem? It's not a problem. Right now, there are so many people
679
1:14:56 --> 1:15:[privacy contact redaction] the US dollar. What happens to the dollar? It goes up. Why? Because all the other nations
680
1:15:05 --> 1:15:10
have made loans in dollars. So when they want to switch them away from dollars, what do they have
681
1:15:10 --> 1:15:15
to do? They have to buy dollars. They have to buy dollars because they want to have loans in euros
682
1:15:15 --> 1:15:22
and yen and renminbi and everything else. So by going away from the dollar, you're strengthening
683
1:15:22 --> 1:15:30
the dollar. Right. So the Americans, they don't care and they shouldn't care because they've never
684
1:15:30 --> 1:15:[privacy contact redaction]upid to borrow in foreign currency. But the banksters and these fake Harvard economists
685
1:15:39 --> 1:15:44
that would go to the Southern American countries and say, oh, you just have to borrow in dollars
686
1:15:44 --> 1:15:[privacy contact redaction] this liberal economic policy that you should just
687
1:15:58 --> 1:16:[privacy contact redaction]or workers and then you should hike taxes and hike interest rates and
688
1:16:04 --> 1:16:[privacy contact redaction]rong currency and they export some more and import less and all the stupid
689
1:16:09 --> 1:16:[privacy contact redaction]s then creates inflation and it creates a devaluation. And when Argentine devalues,
690
1:16:18 --> 1:16:[privacy contact redaction] to pay the same amount of dollars back, which they can't. And then they are just
691
1:16:23 --> 1:16:32
spiraling out of control into Americans or the banksters control. So one very important lesson
692
1:16:32 --> 1:16:38
is do not borrow in other nations' currencies for sure. That is the stupidest thing a nation can do.
693
1:16:39 --> 1:16:49
So. That is probably unnecessary. Sorry, Alex. Sorry. Go ahead. I just wanted to ask,
694
1:16:49 --> 1:16:55
Mats, does that apply to Russia and China and all these countries who are threatening to
695
1:16:55 --> 1:17:02
get out of the dollar? How does that work? Well, Alex, you can maybe update me whether this
696
1:17:03 --> 1:17:07
has been changed, but I read Nikolai Starikov's book, Nationalization,
697
1:17:08 --> 1:17:15
Arubel Nationalization, Way to Russia's Freedom. And in that, he stipulates that the Russian
698
1:17:16 --> 1:17:[privacy contact redaction]itution was changed in [privacy contact redaction] and CIA and the American banksters made this coup
699
1:17:24 --> 1:17:33
in Russia. They convinced for $250 billion with a bond that was issued. Wait for it. A 10-year bond
700
1:17:33 --> 1:17:41
issued the 12th of September, 1991. $250 billion. I said 10 years from the, do the math, 12th of
701
1:17:41 --> 1:17:50
September, 1991. And all the papers were in, yes, you guessed it, in a certain tower in New York.
702
1:17:50 --> 1:17:56
Well, that's another story. So just like Victoria Newland spent $5 billion on regime change in
703
1:17:56 --> 1:18:04
Ukraine, the CIA spent $[privacy contact redaction]ates. And one of the things
704
1:18:04 --> 1:18:10
they managed to do was convince them, and for $250 billion, they decided to agree that it was a good
705
1:18:10 --> 1:18:[privacy contact redaction] an independent central bank. So as one of the very few, if not the only country in
706
1:18:17 --> 1:18:25
the world, it stipulates in the Russian constitution that the Russian central bank has to be independent.
707
1:18:25 --> 1:18:[privacy contact redaction]e, the Russian Duma, or even the Russian majority government is unhappy
708
1:18:31 --> 1:18:[privacy contact redaction]emented by the Russian central bank, it can sue them in the state of New York.
709
1:18:40 --> 1:18:48
What? We think Russia is a sovereign state. But so what we saw in the 90s with interest rates of 33%,
710
1:18:49 --> 1:18:[privacy contact redaction]ers did to Russia, convincing them that they were poor?
711
1:18:54 --> 1:19:01
A country that owned all their flats and houses without a mortgage. They owned all their
712
1:19:01 --> 1:19:[privacy contact redaction]ories without a mortgage, the whole infrastructure without a mortgage. And these Howard banksters and
713
1:19:08 --> 1:19:16
the CIA managed to convince, for $250 billion, to convince the Russians that they were poor
714
1:19:16 --> 1:19:[privacy contact redaction] a good economy, it should be a shock therapy and it
715
1:19:20 --> 1:19:27
should be 33% interest rates. And they didn't produce any money. And it gets worse. The way
716
1:19:27 --> 1:19:31
they told they were allowed to produce money was they were told by the Russian central bank,
717
1:19:31 --> 1:19:[privacy contact redaction] to produce sound money. What is that? Well, you export all your raw materials for dollars.
718
1:19:37 --> 1:19:46
You then spend those dollars buying US government bonds that gives you 2% interest rate.
719
1:19:46 --> 1:19:54
And then with those bonds, you put in a security with, guess what, the American international
720
1:19:55 --> 1:20:[privacy contact redaction]ment banks, and they will then lend you that money for 8%, the same money. So they took out 6%
721
1:20:01 --> 1:20:[privacy contact redaction] arbitrage out of the Russian government, $[privacy contact redaction] in the
722
1:20:07 --> 1:20:[privacy contact redaction] endowment doubled their wealth from 1991 to 1999. They were in on the scam.
723
1:20:17 --> 1:20:24
They are criminals as well, by the way. So this is something that I would like, maybe something
724
1:20:24 --> 1:20:31
has changed, but that is something that puzzles me. Why have the Russians, to my knowledge,
725
1:20:31 --> 1:20:[privacy contact redaction]itution yet? I know that they are minimizing the damage because they have sold
726
1:20:37 --> 1:20:44
the majority, if not all of their US government bonds. So they're not losing money on this interest
727
1:20:44 --> 1:20:[privacy contact redaction]ill believe that the central bank governor in Russia is
728
1:20:51 --> 1:20:58
working for the enemy. And I'm probably not up to date, you probably know more about it.
729
1:21:02 --> 1:21:08
It's a speculation, I don't know the answer to the question. But I think that
730
1:21:12 --> 1:21:18
what matters ultimately in the society is who has the monopoly on violence. And so
731
1:21:20 --> 1:21:[privacy contact redaction]anding is that the Rothschilds and whoever, maybe other people, still
732
1:21:26 --> 1:21:[privacy contact redaction]ill own, yeah, Gref, Herman Gref, that they still own the Russian central bank,
733
1:21:39 --> 1:21:[privacy contact redaction] But the governor, now her name escapes me,
734
1:21:47 --> 1:21:55
she can't know. If Vladimir Putin tells her to do something, then she has to do that.
735
1:21:55 --> 1:22:05
And I remember that in 2014, with the coup in Ukraine and Russia taking
736
1:22:05 --> 1:22:[privacy contact redaction] imposing sanctions on Russia, the ruble began to collapse.
737
1:22:17 --> 1:22:[privacy contact redaction]arted selling their hard currencies to rescue the ruble,
738
1:22:29 --> 1:22:37
which is not only the wrong thing to do, it is a form of plunder.
739
1:22:39 --> 1:22:[privacy contact redaction]under. This is what George Soros did to the Bank of England in 1992.
740
1:22:46 --> 1:22:52
And then she got a call from Vladimir Putin who said, stop it immediately. And she had to stop it
741
1:22:53 --> 1:23:04
immediately. The process of selling the dollars and the euros from the Russian central bank
742
1:23:04 --> 1:23:12
to buy ruble to float up the exchange rate, Vladimir Putin said stop that immediately,
743
1:23:12 --> 1:23:19
and she did. And it turned out to be the right thing to do because the Russian government,
744
1:23:19 --> 1:23:28
their budget is in rubles. If the ruble collapses, then the value of Russian exports in rubles
745
1:23:28 --> 1:23:36
suddenly becomes much, much higher, and the government's tax receipts in rubles are much,
746
1:23:36 --> 1:23:43
much higher. So it's not a problem at all, except that the central bank was acting,
747
1:23:43 --> 1:23:50
quote unquote, to protect the value of the ruble on somebody else's behalf. But ultimately,
748
1:23:52 --> 1:24:03
it's the man with the big stick that decides what's going to be done. And so even if there are still
749
1:24:03 --> 1:24:08
foreign financiers who own the central bank of Russia, it doesn't help them if they cannot
750
1:24:09 --> 1:24:[privacy contact redaction] wanted to digress a moment because Tom Rodman dropped a note about
751
1:24:20 --> 1:24:26
MMT, the modern monetary theory. And I just wanted to say that I agree that it's not
752
1:24:28 --> 1:24:34
all bad. There's a baby in that bath water. And I think that there's a valid argument
753
1:24:35 --> 1:24:46
in favor of something like that. And I think David Graeber in his book Bullshit Jobs presents
754
1:24:46 --> 1:24:55
a very good argument for, let's say, a valid aspect of, you know, not so much the modern
755
1:24:55 --> 1:25:01
monetary theory, but for the idea of social credit, not the social credit that's being
756
1:25:02 --> 1:25:08
bandied about as Chinese-style social credit, but social credit as in the
757
1:25:10 --> 1:25:[privacy contact redaction]us of an economy, the real wealth of a society. So, you know, the
758
1:25:23 --> 1:25:[privacy contact redaction]ributing that wealth to every member of the society equally, that idea.
759
1:25:32 --> 1:25:40
I think that that's getting mixed up with the MMT, with modern monetary theory. There's an
760
1:25:40 --> 1:25:50
ideological-based outrage over that. You know, people are like, they're rejecting it outright
761
1:25:50 --> 1:25:55
without giving it any thought, because I think that in the West we have another cultural problem.
762
1:25:55 --> 1:26:02
We got a newer to this matrix, and it became almost obligatory that everybody has to earn
763
1:26:02 --> 1:26:10
their keep. And nobody should get anything unless they actually deserve it. And I think
764
1:26:10 --> 1:26:17
that we've all become a little bit acquiescent towards that idea, and it shouldn't be that way,
765
1:26:17 --> 1:26:23
because it isn't like that in nature, and we are still part of nature.
766
1:26:24 --> 1:26:26
So, anyways, I just thought I'd throw that in.
767
1:26:29 --> 1:26:32
Why don't we go to the questions? You guys have done well for an hour and a half. We've only got
768
1:26:32 --> 1:26:37
an hour to go. We've got hands up. Stephen hasn't had his questions yet, and so you guys, I know,
769
1:26:37 --> 1:26:43
could go for three hours, unless there's a crucial issue you want to raise. Let's get some interesting
770
1:26:43 --> 1:26:[privacy contact redaction]ions, because I'm sure people have got them for you.
771
1:26:52 --> 1:26:59
Stephen? Yeah, just two seconds. I'm just trying, could you take the question from Tessa?
772
1:27:01 --> 1:27:05
Tessa's our favourite Russian participant here, man. Tessa, give us...
773
1:27:06 --> 1:27:12
Okay, can you hear me? Yep. Okay, wonderful. For a change, I'm so happy. Well, first of all,
774
1:27:12 --> 1:27:20
thank you both for your talks. Brilliant. Thank you very much. I loved it. And I have a question,
775
1:27:20 --> 1:27:29
half common, that is to hold. I think that we in the West, and of course, I was born and raised
776
1:27:29 --> 1:27:37
in Moscow, so I'm only halfway we in the West, but we in the West are experiencing oppression,
777
1:27:37 --> 1:27:43
quote unquote, for the first time. And that's why so many people are shocked and outraged,
778
1:27:43 --> 1:27:[privacy contact redaction]andably so. But it's a first time experience of abuse. But many people in the world have been
779
1:27:51 --> 1:27:59
aware for a very long time that such an oppressive oligarchic system exists. And so the part of my
780
1:27:59 --> 1:28:[privacy contact redaction]ion is, what do we do? Because I think it is very well known that
781
1:28:06 --> 1:28:12
the, well, psychopaths, the people on the dark side, whatever we call them, they know exactly
782
1:28:12 --> 1:28:18
what they're doing. They have a lot of people under... Well, it's almost like a metaphorical
783
1:28:18 --> 1:28:[privacy contact redaction] their own interests. And the past three years have been a good example,
784
1:28:24 --> 1:28:28
but it's not the only one. There are many, many dogmatic system which people are attached to,
785
1:28:28 --> 1:28:38
and then they're ready to harm themselves in the name of the dogma. And so... And those psychopathic
786
1:28:38 --> 1:28:[privacy contact redaction]e, they know what they're doing, they know what they want, and they're not letting go.
787
1:28:42 --> 1:28:48
And the so-called authoritarian systems are proof where if somebody steps out of line,
788
1:28:48 --> 1:28:56
they don't live very long. And that's a very real thing. So question, question is... So we have all
789
1:28:56 --> 1:29:[privacy contact redaction]ems, which I love. Both of your talks are beautiful. But then if
790
1:29:03 --> 1:29:[privacy contact redaction]ement them, it looks like they're going to be either jailed or
791
1:29:11 --> 1:29:[privacy contact redaction] things are going to happen around them,
792
1:29:17 --> 1:29:20
things like that. And that's a very practical concern. So what are your thoughts on that?
793
1:29:20 --> 1:29:[privacy contact redaction]ion is... Or comment, half comment, half question. It seems like
794
1:29:28 --> 1:29:[privacy contact redaction] my observation throughout this life has been that it boils down to the internals. Because
795
1:29:35 --> 1:29:41
let's say, for example, well, I'm going to do a model. So we have a hundred people, five of them are
796
1:29:42 --> 1:29:49
bad guys, genuinely dark psychopathic bad guys. Let's say all five are disappeared,
797
1:29:49 --> 1:29:56
jailed for life, expelled. But then if that energy is present, if people are broken on the inside,
798
1:29:56 --> 1:30:03
there's going to be five or 10 more, and it's going to be there. And the same dynamic is going
799
1:30:04 --> 1:30:11
to reappear. So my whole thing is that it's very important to address the internals. And that's a
800
1:30:11 --> 1:30:17
very deep metaphysical process. And we're not fully in charge. So that the high powers, how people
801
1:30:17 --> 1:30:[privacy contact redaction] that the whole purpose of the great reset is to remind us of who we are,
802
1:30:24 --> 1:30:30
why we are here, and what the entire thing is about. And until many people remember that,
803
1:30:30 --> 1:30:37
we're probably going to deal with some kind of oppressive system. And I'm going to end with a
804
1:30:37 --> 1:30:[privacy contact redaction]e, if like, I wonder, and I asked myself this question. So if we look at,
805
1:30:43 --> 1:30:[privacy contact redaction]e, people who are institutional Christianity, like institutional is the
806
1:30:47 --> 1:30:[privacy contact redaction] here, because what people do on the inside is beautiful things. But so if Jesus Christ
807
1:30:53 --> 1:31:[privacy contact redaction]ns, this second or tomorrow, actual Jesus Christ, and he said, you know what,
808
1:31:01 --> 1:31:07
your ideas that you were scribing to me, that was a lie. That's not me. It was supposed to be
809
1:31:07 --> 1:31:12
entirely different. You were not supposed to go genocides in my name. You're not supposed to steal
810
1:31:12 --> 1:31:16
in my name. You're not supposed to be arrogant in my name. You're not supposed to force anybody to
811
1:31:16 --> 1:31:22
do things or believe or pray in my name. Then what would people do? Would they believe him or would
812
1:31:22 --> 1:31:27
they crucify him again? I mean, that's a rhetorical question. So with that, thank you very much again.
813
1:31:30 --> 1:31:35
Tessa, thank you so much. And I want to say, in addition to being the favorite Russian
814
1:31:35 --> 1:31:44
participant, Tessa is also an excellent writer. Very enjoyable subsect. I think that everything
815
1:31:44 --> 1:31:54
you laid out is kind of right over the target. And I think that, A, it's going to have to be,
816
1:31:55 --> 1:31:58
there's going to have to be political power behind it.
817
1:31:58 --> 1:32:10
B, the second coming of Jesus Christ, he said he would come, you know, it's a mistake to imagine
818
1:32:11 --> 1:32:19
a humble man in leather sandals and a little thing over him. He said that he would come
819
1:32:19 --> 1:32:26
to wage war and judge and pronounce judgment. So that's what's going to happen if we believe in
820
1:32:26 --> 1:32:33
those kinds of things. Maybe it's already happening. I don't know. But it will definitely
821
1:32:34 --> 1:32:45
require a spiritual awakening. Because as I said, the decision of what to do with wealth and
822
1:32:45 --> 1:32:53
abundance is a political decision. Ultimately, it rests on what we want. It cannot be done without
823
1:32:53 --> 1:33:02
the, wondering the question of who we are. And I think that at this stage, you know, we've been
824
1:33:03 --> 1:33:17
living in this matrix now for perhaps a few hundred generations. So imagine what chickens who have
825
1:33:17 --> 1:33:27
been raised in a chicken coop might think about living out in the wild, in the free world. It may
826
1:33:27 --> 1:33:35
seem scary from inside. And we might even grow attached to the structures that, you know, provide
827
1:33:35 --> 1:33:40
us food and keep us safe. And, you know, there's a farmer that comes and gives us antibiotics and
828
1:33:41 --> 1:33:49
keeps us healthy. But I think that once we break the matrix, I think that at that point,
829
1:33:50 --> 1:33:57
everything will come back because it's in us. We are hardwired for that life. And we'll be able
830
1:33:57 --> 1:34:04
to throw off this conditioning of the matrix very quickly and very easily.
831
1:34:05 --> 1:34:10
The knowledge that we need to acquire and the solutions that we need to think up and design
832
1:34:11 --> 1:34:20
are not necessarily going to be easy to do. But, you know, we were able to fly into space. We were
833
1:34:20 --> 1:34:29
able to build jetliners, you know, all kinds of miracles of technology, the internet, and so forth.
834
1:34:29 --> 1:34:36
So there's no reason to think that we are not mature for that challenge and that we will come
835
1:34:36 --> 1:34:47
up with solutions that are probably beyond what we can imagine today. And I think that the political
836
1:34:47 --> 1:34:55
power for this is coming from Russia and from China perhaps as well. And there have been prophecies
837
1:34:56 --> 1:35:04
that that's what's going to happen. In 1936, I think, Edgar Cayce said that the emancipation...
838
1:35:04 --> 1:35:13
I can't recall his exact word, but it is in my book, The Grand Deception, that the...
839
1:35:16 --> 1:35:16
Sorry?
840
1:35:16 --> 1:35:19
Yeah, freedom will come out of Russia, he predicted in 1945.
841
1:35:20 --> 1:35:25
Yes, correct. And he said specifically, I don't mean this communistic system,
842
1:35:26 --> 1:35:[privacy contact redaction]em that's coming. But he said the principle has already been born.
843
1:35:33 --> 1:35:41
And now, you know, I don't know if we can think about that, you know, mysticism. But today we know
844
1:35:41 --> 1:35:50
that there's some reality to some people's ability to envision and to predict things like that.
845
1:35:52 --> 1:36:00
So, you know, maybe we're at this stage, maybe we're in the early stages of a massive transformation.
846
1:36:01 --> 1:36:08
And many of the solutions that we maybe cannot fully articulate and envision today
847
1:36:10 --> 1:36:[privacy contact redaction]allise over the coming years and decades.
848
1:36:17 --> 1:36:19
Maheds, any comment?
849
1:36:21 --> 1:36:[privacy contact redaction] on this smearing, of course, and what they are doing to people,
850
1:36:27 --> 1:36:[privacy contact redaction]em that benefits everybody is basically...
851
1:36:32 --> 1:36:37
I think I'd like to quote Matthias Desmet, who said that it is so important that we speak out,
852
1:36:37 --> 1:36:46
that we don't stop speaking out, because that is what stops the system from going full-blown,
853
1:36:48 --> 1:36:53
you know, full-blown fascism with concentration camps and genocide and depopulation and so on.
854
1:36:53 --> 1:36:[privacy contact redaction] say, oh, hold it, hold it. You said that the vaccine worked. It didn't.
855
1:36:56 --> 1:37:02
Oh, hold it. Stop, stop, stop. You said the mask worked. No, it didn't. It didn't protect against
856
1:37:02 --> 1:37:08
anything. You know, we have to keep reminding them these things. And with the, for example, with
857
1:37:08 --> 1:37:16
Ukraine, we keep saying, in my party, we keep saying, you know, stop the globalisation.
858
1:37:16 --> 1:37:27
We keep saying, in my party, we keep saying, you know, stop the globalist wars with human beings
859
1:37:27 --> 1:37:32
as cannon fodder. It's a money laundering operation. We keep saying these obvious
860
1:37:32 --> 1:37:43
tautologies and truisms. And by doing that, then we will put a break on the system.
861
1:37:43 --> 1:37:[privacy contact redaction] this as an example of how this, how it comes into war.
862
1:37:51 --> 1:37:56
It's when people stop speaking out, then even the people who are totally against the war will start
863
1:37:56 --> 1:38:01
because everybody else is talking about war. They will say, oh, yeah, I'm also against,
864
1:38:01 --> 1:38:07
I'm also against. Yeah, yeah, yeah, I also want war. Yeah. So it's important that we,
865
1:38:08 --> 1:38:[privacy contact redaction] person in our country against it, we should still do it
866
1:38:15 --> 1:38:19
because they are all there. They're all there out there now. And right now, what we're having going
867
1:38:19 --> 1:38:24
for us is that they all know we are right. They all know it. You can tell. I mean, we were on this
868
1:38:24 --> 1:38:29
Volkemøde in Bornholm and last year in Møn, which is a place where all the politicians are. You have
869
1:38:29 --> 1:38:33
tents, you have basards, you have political debates and so on. If you go back four years ago, if I
870
1:38:33 --> 1:38:37
said any of these things, I would say people would be very aggressive, shaking their heads.
871
1:38:37 --> 1:38:44
I was a crazy one. Now they all bow their head in shame. They all feel ashamed. They shouldn't have
872
1:38:44 --> 1:38:[privacy contact redaction]ion. They all know we're right. All of them. We can tell. I was
873
1:38:50 --> 1:38:[privacy contact redaction] on this. We were literally the only tent in Denmark, which were against the narrative.
874
1:38:56 --> 1:39:03
We had a big sign. The more CO2, the better. People were like, what? What? They were very curious.
875
1:39:03 --> 1:39:[privacy contact redaction]ures and they wanted to come over, honestly, and ask him because they knew we were
876
1:39:06 --> 1:39:10
right about everything else. So maybe we were right about this as well. Not aggressive at all.
877
1:39:10 --> 1:39:16
And then we had this big sign with the war is money laundering. And we had a big vaccine,
878
1:39:16 --> 1:39:26
anti-WHO propaganda. And they all, there were no aggression. They were all just either pretending
879
1:39:26 --> 1:39:30
not to see it or they bowed their head in shame, which is body language don't lie. Body language
880
1:39:30 --> 1:39:37
don't lie. They all know we are right. So we just have to keep shouting. Oh, beautiful. Thank you.
881
1:39:38 --> 1:39:45
Thank you. Thank you, Matt. All right, Stephen, you next. We'll go to Mark. Yeah. So am I muted?
882
1:39:45 --> 1:39:52
No. So Matt, maybe that was because you were blessed with Archbishop Bigano.
883
1:39:52 --> 1:39:59
No, probably. Yeah, he started out or he finished off. Yeah. And so I've got some questions here,
884
1:39:59 --> 1:40:04
which were sent to me by one of my sons. I won't name him because it'd be too embarrassed.
885
1:40:05 --> 1:40:[privacy contact redaction]ions? Just two seconds. Sorry about this.
886
1:40:13 --> 1:40:20
Ah, now I can't get the thing to go up. Can't. Yeah. Just two seconds.
887
1:40:21 --> 1:40:24
That's all right. This is our meditation moment, everybody.
888
1:40:24 --> 1:40:30
Yeah, I could do it before. And as soon as I want to do it in a rush, I can't do it.
889
1:40:34 --> 1:40:[privacy contact redaction] two seconds again. Sorry about this. Oh, here it is. So both of you. So either of you, whichever
890
1:40:42 --> 1:40:[privacy contact redaction]ions. So quick answers or quickish answers. How are they getting away
891
1:40:49 --> 1:40:54
with the money creation? Do you think going back to the gold standard would be good?
892
1:40:56 --> 1:41:01
The home owning middle class in the UK is collapsing or looks to be in the future.
893
1:41:02 --> 1:41:[privacy contact redaction] mortgage payments, house prices. These houses are then
894
1:41:09 --> 1:41:17
bought by rich families. Are we heading to owner and owned? Are we moving to a feudal system?
895
1:41:18 --> 1:41:[privacy contact redaction]ern economies will look in the near future? This is all one question.
896
1:41:26 --> 1:41:30
So which country in the world would it most resemble? I think the question is there.
897
1:41:31 --> 1:41:[privacy contact redaction]ion, it is clearly very important to understand economies and finance.
898
1:41:35 --> 1:41:[privacy contact redaction]ing because you can get a macro view understanding of the world.
899
1:41:40 --> 1:41:46
Would you recommend going into finance banking hedge funds? I think the question is, would you
900
1:41:46 --> 1:41:[privacy contact redaction]e go into financing, finance banking hedge funds? Well, I could answer
901
1:41:52 --> 1:42:00
that. Yeah, it might destroy you, that corrupt world. But anyway, what do you, so which, so the
902
1:42:00 --> 1:42:[privacy contact redaction]ion is, how are they getting away with the money creation? So is the present system legal
903
1:42:06 --> 1:42:14
or is it not legal? Is it moral or is it not moral? And if it's neither legal nor moral, how are they
904
1:42:14 --> 1:42:[privacy contact redaction] with it? I think that's the question.
905
1:42:22 --> 1:42:30
I don't, Stephen, I'm sorry. That was what, like [privacy contact redaction]ions? No, so the first one is,
906
1:42:30 --> 1:42:[privacy contact redaction] with the money creation? By fraud, by fraud, by its theft.
907
1:42:39 --> 1:42:44
And monopoly on power, like you said before, Alex. I'm sorry?
908
1:42:44 --> 1:42:55
Monopoly on power as well, right? Yes, yes. Yeah, so is it legal? Stephen, I recall that part of the
909
1:42:55 --> 1:43:[privacy contact redaction]ion was, is it legal? Well, I think it is. Is it legal? Is it moral? If not, then neither.
910
1:43:02 --> 1:43:13
No, it's the diametric opposite of anything that's moral. Yeah, so why do the people go along with it
911
1:43:13 --> 1:43:29
so readily? Because it was sold and forced on the people in stages, gradually. It seemed,
912
1:43:29 --> 1:43:36
you know, when you start to artificially pump purchasing power into an economic system,
913
1:43:36 --> 1:43:[privacy contact redaction]y, then at first people feel emancipated. They have new purchasing power.
914
1:43:45 --> 1:43:52
They feel more prosperous and they feel like they can do more things. They can, you know,
915
1:43:53 --> 1:44:04
there's the aspirations rise. But the problem obviously comes along when the system stops growing,
916
1:44:04 --> 1:44:09
as every point of the scheme at some point stops growing. And then the second it stops growing,
917
1:44:09 --> 1:44:[privacy contact redaction]arts to collapse. And then, you know, it's a mathematical certainty that a percentage,
918
1:44:16 --> 1:44:[privacy contact redaction]antial percentage of all the participants, individuals and businesses will go bankrupt.
919
1:44:21 --> 1:44:27
They will lose their savings. They will lose their properties and they will go bankrupt.
920
1:44:28 --> 1:44:36
Well, you know, then you introduce ideology. So, you know, the continuity of the system
921
1:44:37 --> 1:44:[privacy contact redaction]em also has a continuity of ideology. So the current empire probably
922
1:44:45 --> 1:44:54
emerged in Venice, probably the seed was planted in Venice. And then they migrated to
923
1:44:57 --> 1:45:04
to Holland, where they created the Dutch Empire. Spain was somehow very intimately
924
1:45:04 --> 1:45:10
involved in all this. And then from Holland, you know, they had the Glorious Revolution,
925
1:45:10 --> 1:45:18
which was not 1694. It was 1688. [privacy contact redaction]ablishment of the Bank of England.
926
1:45:20 --> 1:45:[privacy contact redaction]ory, they, the oligarchy funded, you know, various
927
1:45:30 --> 1:45:39
religious, Fauci's and Neil deGrasse Tyson's and Stephen Pinker's and such and thus thusly,
928
1:45:39 --> 1:45:50
you know, starting with a man named Paolo Sarpi in Venice and Galileo and a lot of these public
929
1:45:50 --> 1:46:[privacy contact redaction]uals who, you know, essentially contrived persuasive intellectual arguments
930
1:46:01 --> 1:46:[privacy contact redaction] the alternatives, this system of governance.
931
1:46:08 --> 1:46:13
Remember, we're going back to what George Soros told us two years ago.
932
1:46:14 --> 1:46:21
So it's, it's all, you know, as we now understand the academia and the think tanks
933
1:46:23 --> 1:46:[privacy contact redaction] us. They are, they are not blunt, they, they deal in arguments,
934
1:46:29 --> 1:46:38
but those are the arguments and the, and the devious distortion of knowledge and philosophy
935
1:46:38 --> 1:46:44
and logic is much, much more pernicious than, you know, blunt force, which is easy to recognize
936
1:46:44 --> 1:46:[privacy contact redaction] Yeah. So it's part of the problem, Alex, that people on our side too, fear
937
1:46:53 --> 1:47:02
the consequences of bringing the present system down because they're worried about how long it
938
1:47:02 --> 1:47:[privacy contact redaction]em, immoral as it is, to be replaced by another system, which is better and works.
939
1:47:10 --> 1:47:17
Yes, but, but do we have any choice? I mean, do we want our children to and their children to grow
940
1:47:17 --> 1:47:[privacy contact redaction]em only more ossified, more degenerated and more, you know, I clearly we do not.
941
1:47:26 --> 1:47:34
So, you know, there's no justification and no excuse for not doing our best to replace the system
942
1:47:34 --> 1:47:42
with something better. And, you know, fear is, fear is never a good reason to do anything.
943
1:47:42 --> 1:47:[privacy contact redaction]s robs us of our inventiveness, of our creativity, of our humanity, and ultimately even
944
1:47:51 --> 1:47:59
of our integrity. Sure. Well, arguably it robs us of our, well, yes, exactly. It's anti-human.
945
1:47:59 --> 1:48:12
So it's taken this pandemic posing falsely as a medical emergency. The pandemic never occurred.
946
1:48:12 --> 1:48:19
It's taken this pandemic to wake up people like me who, you know, people like me,
947
1:48:19 --> 1:48:25
who, you know, previously I was looking at these videos where people were recommending that you
948
1:48:25 --> 1:48:29
didn't pay your taxes and that it would be perfectly legal. Well, actually you'd probably
949
1:48:29 --> 1:48:[privacy contact redaction]ly legal not to cooperate with governments in paying their taxes when
950
1:48:36 --> 1:48:46
actually they're spending most of it on wars. So I just, it's interesting, isn't it, that it
951
1:48:46 --> 1:48:55
actually took a kind of purported medical emergency to wake many of us up and to question
952
1:48:55 --> 1:49:00
everything. I mean, I'm constantly saying these days, I don't know whether I know anything about
953
1:49:00 --> 1:49:08
anything any longer. Can I add something? Yeah, sure, Matt. So basically out of all the questions,
954
1:49:08 --> 1:49:13
I would like to focus on two of them. One of them was, is the gold standard the solution?
955
1:49:13 --> 1:49:17
Yeah, do you think going back to the gold standard would be good? So that was the question.
956
1:49:17 --> 1:49:25
The short answer is no. A little tiny bit longer is who owns the gold, right? It's some rich dudes
957
1:49:25 --> 1:49:33
and if they decide not to put the gold forward for collateral for the monetary base in the
958
1:49:33 --> 1:49:39
country, it's going to collapse. If you don't have enough money, if you have a small monetary base,
959
1:49:39 --> 1:49:[privacy contact redaction]ivity is basically an impossibility. You would starve. So gold standard, bad, very bad.
960
1:49:46 --> 1:49:51
And so watch out when anybody is talking about saying all the right thing and then proposing this,
961
1:49:52 --> 1:49:[privacy contact redaction] likely working for the other side. Home ownership is collapsing in the UK and I see that
962
1:49:58 --> 1:50:03
also in Denmark, we see BlackRock coming in, buying all the properties in Copenhagen, leaving it empty
963
1:50:03 --> 1:50:07
and the prices keep going up because they have inside information they probably knew already,
964
1:50:07 --> 1:50:12
they're going to print a lot of money on the lockdown, print a lot of money on the vaccine,
965
1:50:12 --> 1:50:18
print a lot of money on the Ukraine. So that money will go into two things, either gross or inflation.
966
1:50:18 --> 1:50:25
And obviously, if people are sent home from the public sector and small business are closing,
967
1:50:25 --> 1:50:29
that means that it will create inflation and go into the house prices. So they had inside
968
1:50:29 --> 1:50:[privacy contact redaction]e can no longer afford their houses, is what your son was saying.
969
1:50:36 --> 1:50:38
Well, specifically.
970
1:50:41 --> 1:50:47
I would like to see some corona now a little bit. So think about solutions. Don't lie down.
971
1:50:47 --> 1:50:54
Don't be de-fetistic. It's very fucking simple. They might buy all the houses, but guess what?
972
1:50:54 --> 1:51:01
They can't take the houses with them. The houses are placed where we live. We can just decide to
973
1:51:01 --> 1:51:[privacy contact redaction]ate tax. We can decide to give human beings interest-free loans. And then we can say
974
1:51:08 --> 1:51:14
that the big corporations, they have to pay a minimum of 2% interest minimum or 5%, whatever.
975
1:51:16 --> 1:51:[privacy contact redaction]em of dividend, of money creation as dividend to the people, so you would
976
1:51:24 --> 1:51:30
get your fair share of money creation every month and you would have an interest-free mortgage
977
1:51:31 --> 1:51:38
would you then be paying rent to a globalist like BlackRock or would you buy your own house and live
978
1:51:38 --> 1:51:44
in it for within a 40-year interest-free mortgage? You would. And then the house prices for the
979
1:51:45 --> 1:51:[privacy contact redaction]ate developers would collapse. All the wheels would be standing empty. So there are so
980
1:51:51 --> 1:51:[privacy contact redaction]s we can make a wealth transfer from the super rich to everybody else. We could do it over
981
1:51:59 --> 1:52:04
10 years. We could do it over two years. We could do it overnight. It's really, really,
982
1:52:04 --> 1:52:08
really, really simple. We just need some more people with cojones.
983
1:52:11 --> 1:52:20
Well, that's the problem, isn't it? So and then the last question was it is clearly very important
984
1:52:20 --> 1:52:[privacy contact redaction]and economics and finance. It's interesting. Would you recommend that young
985
1:52:25 --> 1:52:[privacy contact redaction]e go into finance banking hedge funds? And I said, well, my answer to that would be...
986
1:52:31 --> 1:52:38
Of course, it's a great job. Great colleagues. It's a lot of fun. You're allowed to play games.
987
1:52:38 --> 1:52:46
You're allowed to play with your brain. Do mass questions, play with Excel files,
988
1:52:46 --> 1:52:52
play with all different computer programs. You talk to interesting people.
989
1:52:52 --> 1:52:[privacy contact redaction]ory is important. Knowledge is important. You try to gather as
990
1:52:57 --> 1:53:01
much information as possible and you gamble with other people's money. If it goes well,
991
1:53:01 --> 1:53:05
you get paid a lot of money. If it goes bad, you get fired, but you might find another job.
992
1:53:05 --> 1:53:11
It's a win-win. It's a fantastic job. I recommend it highly. Yes, but Matt, you must know...
993
1:53:14 --> 1:53:21
I'll give a very different answer. Okay. Exactly. I think that it has the capacity
994
1:53:21 --> 1:53:[privacy contact redaction]roy you. That kind of life where you actually... So there are many people,
995
1:53:27 --> 1:53:35
as I've understood it, in that world who think that they are really... What's the word?
996
1:53:36 --> 1:53:[privacy contact redaction] an expression. Can't think of it at the moment. Masters of the universe. That's right.
997
1:53:43 --> 1:53:[privacy contact redaction]e, how do young people especially, keep their feet on the ground
998
1:53:50 --> 1:53:52
when they've got too much money?
999
1:53:56 --> 1:54:02
Life is great. Why shouldn't they? Why should they be allowed to feel the abundance of this world?
1000
1:54:03 --> 1:54:[privacy contact redaction]s run around like woke climate hoax believers saying that we should be ashamed
1001
1:54:10 --> 1:54:[privacy contact redaction] car and a nice home? The world is abundant. That's
1002
1:54:14 --> 1:54:[privacy contact redaction] a lavish lifestyle if that's what we want. I don't believe
1003
1:54:19 --> 1:54:25
in all this that we should be ashamed of drinking a nice bottle of red wine. I don't believe in it.
1004
1:54:26 --> 1:54:34
It's all global propaganda to make you feel bad, to basically accept to be depopulated, basically.
1005
1:54:34 --> 1:54:39
Useless eaters get the world population down to 500 million. It's part of this scam.
1006
1:54:39 --> 1:54:46
And the amount of effort put into it by university professors because they're paid to towel the line
1007
1:54:46 --> 1:54:55
and spew this neo-Bolshevist green, you know, communism climate theory out of people.
1008
1:54:55 --> 1:54:59
No, no, of course not. You should encourage people to enjoy life.
1009
1:54:59 --> 1:55:06
Yes, but we don't want, well, I don't think that, you see, many people I think think that they can
1010
1:55:06 --> 1:55:13
be happy if only they had enough money. And I don't believe that. I don't think happiness comes
1011
1:55:13 --> 1:55:20
with money. My father told us when we were children that his rich customers, he was a bank manager,
1012
1:55:20 --> 1:55:[privacy contact redaction]omers were miserable and his poor customers were happy. And I think that was true.
1013
1:55:28 --> 1:55:36
So, lots of money means that you're caught up in some kind of race with your colleagues
1014
1:55:36 --> 1:55:[privacy contact redaction]e who believe that money is going to free them from their unhappiness.
1015
1:55:47 --> 1:55:51
So what do you think, Alex?
1016
1:55:51 --> 1:55:57
Well, based on personal experience, most of my friends here in Monaco are millionaires.
1017
1:55:59 --> 1:56:04
It's not what makes people happy. My own personal experience over the last 20 years,
1018
1:56:05 --> 1:56:11
I've been completely broke three times and in between I've had periods when I made a lot of
1019
1:56:11 --> 1:56:17
money. And I can say that being broke is a miserable experience. And
1020
1:56:18 --> 1:56:23
also having a lot of money is not necessarily a happy experience.
1021
1:56:25 --> 1:56:27
You don't know who your friends are for one thing.
1022
1:56:28 --> 1:56:37
Well, yeah, but there's all kinds of problems. And I see so many problems, particularly between
1023
1:56:37 --> 1:56:[privacy contact redaction]es, you know, because Monaco being a wealthy place is a big magnet for attractive girls from
1024
1:56:43 --> 1:56:[privacy contact redaction]ates, from Europe, from Russia, Ukraine, everywhere. They'll come party in Monaco
1025
1:56:50 --> 1:56:56
and try to be the rich guy. And many of them do succeed. And I think that I don't know a single
1026
1:56:56 --> 1:57:05
one case where these encounters resulted in a happy family, happy children and a lasting marriage.
1027
1:57:06 --> 1:57:11
And I tell you, I've been in a lot of relationships where I've had a lot of
1028
1:57:11 --> 1:57:19
happy marriages. And I tell you, I know dozens of cases where an attractive young girl seduced
1029
1:57:19 --> 1:57:31
or found a rich guy to marry. Every single case I know ended badly and miserably for the young
1030
1:57:31 --> 1:57:38
woman. You know, men kind of, you know, they have their wealth, they move on and they do this several
1031
1:57:39 --> 1:57:43
times. Professional wise, every single young person that asks me
1032
1:57:45 --> 1:57:[privacy contact redaction]udy economics and go into banking and hedge funds, I tell them study
1033
1:57:49 --> 1:57:56
anything but economics. You know, I think that economics is something that once you know who you
1034
1:57:56 --> 1:58:04
are and what you want to do in life, then I think it's highly, highly advisable to read economics,
1035
1:58:05 --> 1:58:12
you know, to pick up books by good economists like Michael Hudson.
1036
1:58:15 --> 1:58:21
I can't actually name too many of them. But it's good to study economics to understand how the
1037
1:58:21 --> 1:58:30
world works. But to make yourself an economist by profession, by your degree, I think is not only a
1038
1:58:30 --> 1:58:[privacy contact redaction]e of your energy and your talent and your potential, you will actually learn
1039
1:58:37 --> 1:58:44
the wrong things. What the universities will teach you and the curriculum that you need to
1040
1:58:44 --> 1:58:[privacy contact redaction]er to pass exams, most of it is complete bullshit, bluntly. So no, it's not a good idea.
1041
1:58:54 --> 1:58:58
What I enjoy about being a hedge fund manager is that it's a job that,
1042
1:58:59 --> 1:59:07
you know, basically you're devoted to research. You read, you study, you have to figure out how
1043
1:59:07 --> 1:59:13
the world operates rather than how they tell you that it does. And this is maybe what has kind of
1044
1:59:16 --> 1:59:23
pushed me into, you know, digging down the rabbit holes and trying to understand how things are.
1045
1:59:23 --> 1:59:32
So that's great. But on the other hand, you're developing skills and something that has no social
1046
1:59:33 --> 1:59:40
use, is of no use to society. Nobody needs a commodities trader, right? I mean,
1047
1:59:41 --> 1:59:[privacy contact redaction]e need oil traders who move physical cargoes and, you know, that kind of thing. But nobody
1048
1:59:48 --> 1:59:54
needs a futures trader, you know. So, you know, like if you fall through the cracks of that
1049
1:59:55 --> 2:00:[privacy contact redaction]ry, and it has happened to tens of thousands of people, it's not just like an exceptional
1050
2:00:01 --> 2:00:06
thing. It's happened to many, many people. Then you find yourself in the situation where
1051
2:00:06 --> 2:00:[privacy contact redaction]ually needs you and your skills are completely superfluous to society. So my own
1052
2:00:12 --> 2:00:18
personal position is that I wouldn't want my children to be hedge fund managers. I would be
1053
2:00:19 --> 2:00:25
probably more at ease if they were firefighters or, you know, something like that.
1054
2:00:28 --> 2:00:34
That's my personal view on that profession.
1055
2:00:34 --> 2:00:41
Thank you so much. So we'll call that a draw then, Matt. The interesting thing to me, Matt, about
1056
2:00:41 --> 2:00:53
you is that you're such a wonderful human being and yet you seem to be blind to the possible
1057
2:00:53 --> 2:01:00
dangers of, or to me you seem that way, you know. You kind of overemphasize the importance of
1058
2:01:00 --> 2:01:[privacy contact redaction]e should live, I don't think you're really suggesting they should live
1059
2:01:07 --> 2:01:[privacy contact redaction]yles, but maybe some people might think that.
1060
2:01:14 --> 2:01:20
I think they should. I think money in someone, in your hands, for example, in
1061
2:01:20 --> 2:01:[privacy contact redaction]e who've had some experience and seen both sides, then yeah, and my hands, for example, I
1062
2:01:27 --> 2:01:34
think we could make good use of it, wise use of it, but you can't be wise when you're young.
1063
2:01:34 --> 2:01:40
And so a lot of money, the worst scenario is being a footballer or something like that, you know.
1064
2:01:41 --> 2:01:[privacy contact redaction], let's just see what Mark wants to ask. Sorry, Mark.
1065
2:01:46 --> 2:01:57
Thanks, Stephen. Hi, Marge. How are we doing? How are we doing?
1066
2:01:57 --> 2:02:03
Hey, Mark. Good to see you. Good to see you. Good to see you. Thanks, Alex and Marge.
1067
2:02:04 --> 2:02:[privacy contact redaction] to quite throw a bit of a curveball at you, obviously the plan on this significant reduction
1068
2:02:14 --> 2:02:21
in the global population is about 77% of the UK population of planet are cold. And we have
1069
2:02:22 --> 2:02:28
large debts, local authorities, local authorities in the United Kingdom are drowning in debt.
1070
2:02:29 --> 2:02:[privacy contact redaction]e are getting sicker. There's less people paying into the pot.
1071
2:02:33 --> 2:02:38
We've got significant issues with, you know, some of the technologies, electric vehicles,
1072
2:02:38 --> 2:02:[privacy contact redaction]erilizing the children. We've got radar for these
1073
2:02:45 --> 2:02:53
ultra low emission zones, large increase of 5G networks, making significant problems, health
1074
2:02:53 --> 2:02:58
problems in particular, like cancer rates are now at epidemic levels from the 50s. We've got epidemic
1075
2:02:58 --> 2:03:06
diabetes, we've got epidemics in all sicknesses, all related to not just the contaminated
1076
2:03:06 --> 2:03:14
bio-tech weapon, but the installation of 5G. Now, how does that play out from an economics
1077
2:03:14 --> 2:03:[privacy contact redaction]ive? If you've got all these governments in mountains and mountains of as much debt as
1078
2:03:19 --> 2:03:26
you can possibly get them in, and then you kill off the asset that creates the wealth?
1079
2:03:29 --> 2:03:[privacy contact redaction], Matt.
1080
2:03:30 --> 2:03:38
I mean, you basically, you write it off. I mean, it doesn't matter. I mean, think about it, the banks,
1081
2:03:40 --> 2:03:[privacy contact redaction]ually not the ones that are looting anyone. The banks are instruments
1082
2:03:49 --> 2:03:59
of their real owners. So I'll give you an example. When I lived in London, there was a couple of
1083
2:03:59 --> 2:04:03
Iranian brothers. I think they made a lot of money on owning some petrol stations or something,
1084
2:04:03 --> 2:04:09
whatever. But they also managed to get a loan in Barclays Bank to buy a commercial property
1085
2:04:10 --> 2:04:17
for 100 million. They only had to put down 1 million themselves. So they would get 99 million
1086
2:04:17 --> 2:04:25
from Barclays. Okay, who would make such a deal? Let me just really spell it out here. So if the
1087
2:04:25 --> 2:04:[privacy contact redaction]ate and commercial property is really risky business, everybody knows that. So here's
1088
2:04:30 --> 2:04:[privacy contact redaction]ate market in London goes up, these two Iranian brothers will make a
1089
2:04:36 --> 2:04:44
bandit and pay 4 or 5% interest rate to Barclays. Now, if on the other hand, real estate prices would
1090
2:04:44 --> 2:04:53
go down, the Barclays Bank would lose 10, 20, 30, 40, 50 million pounds and the Iranian brothers
1091
2:04:53 --> 2:05:02
would lose 1 million. Now, who in their right mind would make such a deal? Unless it is by design,
1092
2:05:02 --> 2:05:10
a scam to defraud the population through bailing out the banks later. So when everything goes up,
1093
2:05:11 --> 2:05:15
the bank tries not to make too much money because they're going to pay 25% corporate tax. So they
1094
2:05:16 --> 2:05:21
don't want to make any money. They transfer all the profits from this to these, whoever they want
1095
2:05:21 --> 2:05:26
to create to become wealthy. I for sure, and none of you here in this call, none of us here in this
1096
2:05:26 --> 2:05:32
call will be able to go to Barclays and say, hey, I would like to with one pound borrow another 99.
1097
2:05:34 --> 2:05:39
What are you talking about? Are you on drugs or something? No, no, no, no. This is by design. This
1098
2:05:39 --> 2:05:46
is the real deal that happened. This is how they do it. They create wealthy people and then they
1099
2:05:46 --> 2:05:50
write off the debt. They don't care. And if they can get away with it, they will say, oh,
1100
2:05:50 --> 2:05:56
it's a financial crisis. It's because of this or that or this whatever. And that's why it's too big
1101
2:05:56 --> 2:06:[privacy contact redaction] to pay. And that's how it operates. So they'll basically
1102
2:06:05 --> 2:06:[privacy contact redaction] write off the debt. It doesn't matter. No, but if you haven't got a population of paid,
1103
2:06:10 --> 2:06:15
I mean, you said, I mean, the Tengu brothers, if they were dead, so let's say they're not alive.
1104
2:06:15 --> 2:06:[privacy contact redaction]n't got a general population to generate wealth in an economy, then how do you
1105
2:06:20 --> 2:06:[privacy contact redaction] an economy? I mean, how do you have any finance? If they're planning to kill 77%
1106
2:06:25 --> 2:06:33
the UK populace, that's not as bad in Denmark. I think you lot have got a 35% extermination plan
1107
2:06:33 --> 2:06:38
with 77% obviously don't like the English. They don't like the Irish. They definitely don't like
1108
2:06:38 --> 2:06:44
the Americans because they're the largest parts of the world where they're planning this major
1109
2:06:44 --> 2:06:49
depopulation. How does that work in relation to economics? That's what I'm trying to get at is
1110
2:06:49 --> 2:06:57
if you've killed all the workers, the wealth generators, how do you actually proceed with
1111
2:06:57 --> 2:07:07
your financial model? Well, it's very few people who own this debt. So it doesn't matter.
1112
2:07:08 --> 2:07:[privacy contact redaction]e who own the banks, Mark, I think that's what Matt is saying.
1113
2:07:17 --> 2:07:23
You know, I mean, at the end of the day, the surviving population in the England and Denmark,
1114
2:07:23 --> 2:07:29
they would be moving on. And of course, the banksters would try to skin them as much as
1115
2:07:29 --> 2:07:35
they could, they can and take as much away from them as they possibly can. And then all of a sudden,
1116
2:07:35 --> 2:07:[privacy contact redaction]e were looking at each other. Do we really want to pay this debt? And then they
1117
2:07:40 --> 2:07:47
say, no, what could we do? We could, for example, put a tax on interest payments to people living
1118
2:07:47 --> 2:07:54
in Panama and Cayman Island. How about a 99% tax? Great idea. How about a 102% tax? Even better.
1119
2:07:55 --> 2:08:04
Problem solved. This reminds me, Matt, of a Seinfeld episode where Kramer says to Jerry,
1120
2:08:04 --> 2:08:08
you know, Jerry says, well, what are they going to do with the loss? And Kramer goes,
1121
2:08:08 --> 2:08:13
they're going to write it off. And Jerry looks at him and says, you don't even know what that means,
1122
2:08:13 --> 2:08:25
Kramer. He says, no, but they do. All right. All right. Mark, it's very, it's a great question.
1123
2:08:25 --> 2:08:33
And the answer is write it off. And they know how to handle it. So and indeed, and indeed,
1124
2:08:33 --> 2:08:[privacy contact redaction]ion of what would the banks do? So let's go to Tom because we've only got
1125
2:08:38 --> 2:08:43
13 minutes left and we've got two hands up here. Tom?
1126
2:08:43 --> 2:08:46
Okay. You guys hear me okay? Yep.
1127
2:08:47 --> 2:08:55
Yeah. So it seems like, well, thank you both. It's really fun to hear you both. It seems like
1128
2:08:55 --> 2:09:[privacy contact redaction]ic and, you know, like we could be founding fathers for a new civilization.
1129
2:09:02 --> 2:09:[privacy contact redaction]us. And ideally, the people would decide what to do
1130
2:09:09 --> 2:09:[privacy contact redaction]us. But I'm afraid the civic involvement in the U.S., like I was just at
1131
2:09:16 --> 2:09:[privacy contact redaction]ival and nobody seems to care about anything other than having fun. Or, you know,
1132
2:09:23 --> 2:09:31
I'm a curmudgeon, I know. But it was a bicycle race. But anyhow, we have to get people involved
1133
2:09:32 --> 2:09:38
to take the reins. And then I think we need some sort of a document. Like we had a constitution,
1134
2:09:38 --> 2:09:46
but where's this constitution of, say, greenbacks or money, some kind of Bible that we can look to
1135
2:09:46 --> 2:09:[privacy contact redaction]ure what you guys are all saying? And I guess the question I have is to keep it
1136
2:09:54 --> 2:10:[privacy contact redaction]e and focused. Would you agree with something like in the U.S., we would get rid of
1137
2:10:01 --> 2:10:09
the Fed because it's largely privately controlled. We would not necessarily even want to call the
1138
2:10:09 --> 2:10:[privacy contact redaction]ment a bank. I'm not saying I know what I'm talking about, but I'm just throwing down some
1139
2:10:15 --> 2:10:[privacy contact redaction]ates government would issue debt-free currency based on the
1140
2:10:24 --> 2:10:29
budget that we democratically really agree on as a people. We decide how we want to spend our
1141
2:10:29 --> 2:10:41
resources. And then we print the money to the degree that we have the physical minerals and
1142
2:10:43 --> 2:10:50
resources that are available and that we have the human resources. We put the people to work
1143
2:10:50 --> 2:11:[privacy contact redaction]ished. And then we tax to reduce the...anyhow,
1144
2:11:00 --> 2:11:[privacy contact redaction] to keep an eye on the overall money supply. And whatever this entity is called,
1145
2:11:06 --> 2:11:14
it's got to have an uncorrupt board or an uncorrupt structure. So I don't again know what you would
1146
2:11:14 --> 2:11:20
call it, but yeah, how would you architect it and how would you keep it from becoming corrupted?
1147
2:11:28 --> 2:11:29
Who's going to say that?
1148
2:11:34 --> 2:11:40
Oh, I can try, but I don't really know the answer to this question. But I think that
1149
2:11:40 --> 2:11:[privacy contact redaction] a very, very limited role. I think that the political decisions should be
1150
2:11:52 --> 2:12:03
bottom-up defined by the local democracy, by the local communities. And I think that that would
1151
2:12:04 --> 2:12:13
also eliminate a lot of corruption because people locally see what's going on. I think another way
1152
2:12:13 --> 2:12:23
to eliminate corruption is the idea of crowdfunding some of the development. And I think that then the
1153
2:12:23 --> 2:12:[privacy contact redaction]ep in for major projects, for defense, and maybe not very much
1154
2:12:35 --> 2:12:42
more than that, like building out and maintaining the infrastructure and defense and anything else.
1155
2:12:43 --> 2:12:50
I think that money should not be issued by a central bank as debt to the government and to
1156
2:12:50 --> 2:12:58
the economy, but rather it should be spent by the government into the economy interest-free.
1157
2:13:00 --> 2:13:06
I agree with that. Spend the money into the economy interest-free and even tokens or
1158
2:13:07 --> 2:13:[privacy contact redaction]e. And then the people will show us what kind of society they want.
1159
2:13:14 --> 2:13:[privacy contact redaction]ly.
1160
2:13:16 --> 2:13:20
I would like to say something to that. Can I?
1161
2:13:20 --> 2:13:22
Yes, go ahead.
1162
2:13:22 --> 2:13:33
Because, you know, I'm looking back now on quite a lot of years, [privacy contact redaction]ly,
1163
2:13:33 --> 2:13:[privacy contact redaction] gone through this whole experience,
1164
2:13:41 --> 2:13:47
the whole development which culminates now in my vision in a transformation of humanity.
1165
2:13:48 --> 2:13:59
Definitely. I was like money. Money is a very low principle. If you look at the laws
1166
2:14:00 --> 2:14:06
that the universe is run by, it doesn't actually exist there. It's totally unimportant.
1167
2:14:06 --> 2:14:13
And I let my life without making money any topic in my life. I'm a lawyer, as you see on my
1168
2:14:13 --> 2:14:[privacy contact redaction]ration in 1966. We were demonstrating against the Vietnam
1169
2:14:24 --> 2:14:30
war. I was in the Social Democratic Party for 10 years, the Willy Brand Party,
1170
2:14:31 --> 2:14:36
and I was married to a politician for five years for a member of parliament.
1171
2:14:39 --> 2:14:49
And so I learned very early about politics on a daily life. I really saw how it functions.
1172
2:14:50 --> 2:14:[privacy contact redaction]ed in politics, and especially in the 70s,
1173
2:14:58 --> 2:15:05
when it changed, you know, in the beginning of 70s, the turn came. The 60s had a very special
1174
2:15:05 --> 2:15:12
quality. There was like champagne in the air. I mean, the murder of the Kennedy brothers and the
1175
2:15:12 --> 2:15:22
whole military, things that mushrooms in the world gave a totally different aspect again,
1176
2:15:22 --> 2:15:30
and one could feel that the darkness was rising again in the back. But then in the 70s, it really
1177
2:15:30 --> 2:15:[privacy contact redaction]e decided actually in the 70s, the last dance of the tyrants
1178
2:15:39 --> 2:15:48
started that we see now. But in the 70s also started the big spiritual movement. And I went
1179
2:15:48 --> 2:15:[privacy contact redaction]ate exam in law. I went to India for five years and was in an ashram
1180
2:15:58 --> 2:16:[privacy contact redaction]arted meditating. I was with the enlightened master for five years. And now I'm so grateful
1181
2:16:04 --> 2:16:13
for that, that I did this and didn't try to get some career, you know, in the world as many of my
1182
2:16:14 --> 2:16:22
friends at that time did. And they succeeded also. Like one of my closer friends was a mayor here
1183
2:16:22 --> 2:16:30
in Munich for 20 years. And I tell you, I pity him today, because he's not able anymore to have
1184
2:16:30 --> 2:16:39
to think on his own. Like he bought this whole corona stuff. Totally. Because if you have this
1185
2:16:39 --> 2:16:47
kind of professions, you have to check for 24 hours, you have a radar where you check all the time
1186
2:16:47 --> 2:16:53
with whom you can speak, what you can say, what you're not allowed to say, what you are not even
1187
2:16:53 --> 2:17:00
allowed to think. Otherwise they kill you. And this I saw maybe because I was married to this
1188
2:17:00 --> 2:17:07
politician already when I was 20. And I decided I'm not going for a career in the world because
1189
2:17:07 --> 2:17:[privacy contact redaction] to sell your soul in every career. You have to sell your soul. And you don't
1190
2:17:15 --> 2:17:23
sense nothing of yourself. You don't know who you are. What are you really just a bunch of
1191
2:17:24 --> 2:17:31
flesh and shit, you know, and keep it going by eating and shitting? Or are you more?
1192
2:17:32 --> 2:17:38
And my answer is we are more. We are much more. And money doesn't play any role of it. Money can
1193
2:17:38 --> 2:17:47
be dissolved and finds other possibilities to live on very easily. And since a while I'm now
1194
2:17:47 --> 2:17:[privacy contact redaction]ed with Rainer Völmich. I don't know whether you know him. He's one of the voices
1195
2:17:54 --> 2:18:[privacy contact redaction]ance. Yes, we know him. You know him. Yeah. So I met him already in 2015.
1196
2:18:05 --> 2:18:13
And I think it was not an accident that I asked him to join this transparency
1197
2:18:13 --> 2:18:21
international group out of which then the Corona committee was created. So
1198
2:18:24 --> 2:18:31
he's put a lot of energy into it. And he's now really very much attacked by the deep state.
1199
2:18:32 --> 2:18:[privacy contact redaction]s try to give him some spiritual support. And I also work for the group.
1200
2:18:40 --> 2:18:[privacy contact redaction] wonder where he takes all the energy that he puts out, you know,
1201
2:18:46 --> 2:18:57
because it's amazing. And we all don't know the outcome of our attempts to prevent
1202
2:18:57 --> 2:19:[privacy contact redaction]er, you know, but I think we will succeed because the light always succeeds. The
1203
2:19:04 --> 2:19:[privacy contact redaction] darkness. If you just bring a very tiny little
1204
2:19:12 --> 2:19:20
candle, it's gone. It's gone. Darkness has no substance. That's the most important insight
1205
2:19:20 --> 2:19:[privacy contact redaction] And every small light that is put out and lived is more important than one billion
1206
2:19:29 --> 2:19:[privacy contact redaction] on your bank account. You know, it's just.
1207
2:19:36 --> 2:19:41
What? It was a domestic from Charles. He's forgotten.
1208
2:19:41 --> 2:19:46
Sorry. Yes, I was a domestic. Correct. Keep going.
1209
2:19:46 --> 2:19:59
Okay. So yeah, that's just what I wanted to say. I hope that I can still live and experience that
1210
2:19:59 --> 2:20:[privacy contact redaction]t. And but more than 10 years, I won't be here because then
1211
2:20:08 --> 2:20:[privacy contact redaction] enough. You know, I want to go home to the source of light. But yeah, we will see.
1212
2:20:19 --> 2:20:[privacy contact redaction]ing discussion. Also, I also think some things you said very easily.
1213
2:20:27 --> 2:20:33
One could do it, you know, to change the whole dark. Yeah, that's that's very true.
1214
2:20:34 --> 2:20:42
I think what we need from Max and Alex, Dagmar, is some kind of guidance as to how we we
1215
2:20:44 --> 2:20:50
without without all landing in prison, how we institute a new system and how we kind of
1216
2:20:50 --> 2:21:[privacy contact redaction]roying too much. But maybe we can take that another time.
1217
2:21:02 --> 2:21:06
We're on the two and a half hour mark. We've got now we've got buddy three hands up.
1218
2:21:06 --> 2:21:11
It's growing like it's going like a virus here, Stephen, if the virus exists.
1219
2:21:11 --> 2:21:14
We're going to be quick smart because we are going to finish very quickly.
1220
2:21:15 --> 2:21:[privacy contact redaction]ually, maybe if Alex and Max can attempt to be
1221
2:21:22 --> 2:21:27
reasonably quick in their answers as well, because otherwise the question is get accused of
1222
2:21:28 --> 2:21:33
taking the time. So go ahead, Charles. Jim.
1223
2:21:36 --> 2:21:41
Oh, Alex, Jim, you got your hand up, Alex, you don't need your hand up. I do. I do.
1224
2:21:42 --> 2:21:[privacy contact redaction]ion for Mark. I have a question for Mark. Okay, very good.
1225
2:21:52 --> 2:21:54
Mark's one of our graduates.
1226
2:21:55 --> 2:22:02
Now, where is where is Mark? He's there. Oh, but he's muted. Mark, you muted.
1227
2:22:02 --> 2:22:08
You should know that by now. I'm joking. I didn't mean to cut the line. I think there's two people
1228
2:22:08 --> 2:22:15
before me now. No, you were there. Oh, okay. So Mark. Hang on. I'm looking for Mark.
1229
2:22:17 --> 2:22:23
He's there. Oh, I see. He's muted. But I think he's moving. So it's not a picture.
1230
2:22:23 --> 2:22:[privacy contact redaction]eele or Mark Dyer you're after? Mark Steele. Mark Steele.
1231
2:22:31 --> 2:22:35
Right. Sorry. Oh, he's gone. Yeah, he's gone. He may have gone. Yeah.
1232
2:22:36 --> 2:22:42
Okay. Okay. Well, then. No, I think. You have to ask him next time, Alex.
1233
2:22:44 --> 2:22:48
Yes. Yes. I'll just lower my hand. If you email the question to me, Alex,
1234
2:22:49 --> 2:22:[privacy contact redaction]ion? It was a matter of interest. Oh, well, I was, you know,
1235
2:22:54 --> 2:23:00
one of one of his speeches, I bought that 10 Mars radiation meter.
1236
2:23:00 --> 2:23:08
Yeah. And so I took it with Croatia. And then I went around my parents' house. And everything
1237
2:23:08 --> 2:23:13
kind of under control until I get to their bedroom. And exactly through their window,
1238
2:23:14 --> 2:23:22
the thing shoots up. But like, off the chart, the radiation. Wow. And so I was horrified. There
1239
2:23:22 --> 2:23:[privacy contact redaction] be like a 4G or something like pointed straight at their window where they sleep.
1240
2:23:29 --> 2:23:[privacy contact redaction] to figure out a solution to the problem. But it's not exactly obvious, you know,
1241
2:23:37 --> 2:23:46
you know, I think I have to buy like some kind of a curtain to block the radiation.
1242
2:23:47 --> 2:23:[privacy contact redaction] wanted to ask you. Alex, you need to make your parents a Faraday's cage
1243
2:23:56 --> 2:24:04
Faraday's cage from memory. Yes. Yes. Yeah. So there's lots of technology available on that,
1244
2:24:04 --> 2:24:08
Alex. We're going to get moving. We're running out of time. So we've got answers for you on that.
1245
2:24:08 --> 2:24:14
I'll pass it to Mark. Okay, thank you. I will do that. Because I'd like the answer. I'd like to know
1246
2:24:14 --> 2:24:26
as well. Jim. If he's not there, Dave. You muted Jim. Hey, thanks.
1247
2:24:26 --> 2:24:37
Sorry. Great presentation. I if we can hold the people responsible for the starting of the COVID
1248
2:24:37 --> 2:24:[privacy contact redaction]uff, then can we make them financially responsible for this downturn and the banking
1249
2:24:45 --> 2:24:50
crisis because it may be the same one in the same people who own the Federal Reserve and things like
1250
2:24:50 --> 2:24:[privacy contact redaction]e who engineered the COVID responsible? Thanks.
1251
2:24:57 --> 2:25:02
I'm going to jump right in. I'm going to very quickly. I'm going to I throughout this COVID
1252
2:25:02 --> 2:25:09
thing, I've been saying that these people need to be a whole hold to a Nuremberg to trial,
1253
2:25:09 --> 2:25:19
and they need to be expropriated 100% full family assets, no, no hiding behind wifey's trust
1254
2:25:19 --> 2:25:[privacy contact redaction]en's savings account, the whole family should be 100% expropriated. And that would
1255
2:25:25 --> 2:25:30
probably pay the damages for a lot of people whose businesses and livelihoods have been destroyed.
1256
2:25:30 --> 2:25:36
I think this should be done and can be done. I mean, they routinely expropriate people on a one
1257
2:25:36 --> 2:25:44
on a case by case basis. So we should be able to do that as well. Okay, Matt, okay, great.
1258
2:25:44 --> 2:25:50
Yeah, I totally agree. Beautiful. Okay, thank you. Dave.
1259
2:25:51 --> 2:25:[privacy contact redaction]an that?
1260
2:25:54 --> 2:26:00
Come on, we're running late. Yes, and we're working on that because remember the Nuremberg trials,
1261
2:26:00 --> 2:26:05
they did not, they were not able to prosecute people because they said they did not know about
1262
2:26:05 --> 2:26:10
it. Everybody had quote, plausible deniability, and we have to remove plausible deniability by
1263
2:26:10 --> 2:26:17
telling them about this. Absolutely. Oh, yeah. Oh, yeah. It was minutely planned.
1264
2:26:19 --> 2:26:20
All right. Yes, Dave.
1265
2:26:24 --> 2:26:28
And now you're muted. Oh, you're muted now, Dave.
1266
2:26:29 --> 2:26:[privacy contact redaction] one, the economic problems are way bigger than the COVID problem. I know it
1267
2:26:34 --> 2:26:40
exacerbated it, but they go so many years back. I think ultimately, if you look for the question of
1268
2:26:40 --> 2:26:[privacy contact redaction]em go off the rails, you're going to find is when the government went from
1269
2:26:45 --> 2:26:52
being 3% of GDP, at which point you bribe politicians to get out of the way to let you do
1270
2:26:52 --> 2:26:[privacy contact redaction]s, the steel mills, the whatever, when government became 50% of GDP,
1271
2:26:58 --> 2:27:03
your entire business model was to get money from the government. And that just doesn't work. I
1272
2:27:03 --> 2:27:07
would be very cautious about looking for solutions that come from the government.
1273
2:27:08 --> 2:27:14
So I think Alex's view that it's got to come from the bottom up is correct. I don't know. I think
1274
2:27:14 --> 2:27:[privacy contact redaction] would work, but we don't know how to get from here to there. So the Brits tried
1275
2:27:19 --> 2:27:[privacy contact redaction] They made the mistake of pricing the pound wrong. They tried
1276
2:27:24 --> 2:27:30
to get too much for the pound and it blew up on them. So the gold say, if you're going to have a
1277
2:27:30 --> 2:27:37
sound money policy, you need to also tolerate defaults and we don't tolerate defaults.
1278
2:27:37 --> 2:27:43
So if I'm lending to you, Steven, I'm going to charge you an interest rate that reflects both
1279
2:27:43 --> 2:27:[privacy contact redaction] the money and the risk that you present to me. What I can tell you is
1280
2:27:48 --> 2:27:54
none of the credit markets are priced that way. If I asked you how much would you demand out of a US
1281
2:27:54 --> 2:27:59
30 year treasury, if you had to hang on to it, because someone does, once it's issued, they own
1282
2:27:59 --> 2:28:06
it. Someone out there owns it. The answer is never 5%. Never 5% because of all the unknowns,
1283
2:28:06 --> 2:28:13
the potential for inflation, 8, 9, [privacy contact redaction] answer, which means US treasuries are
1284
2:28:13 --> 2:28:20
priced wrong. They're just trading sardines at this point. So big government, government centered
1285
2:28:20 --> 2:28:27
things. And I'm not an anarchist, but it's gotten so big. The government's gotten so,
1286
2:28:28 --> 2:28:33
it's just a big rift. It's a gigantic rift. Everything is a grip. You look around,
1287
2:28:33 --> 2:28:[privacy contact redaction], we haven't got time for speech questions. Go for it. I don't have a
1288
2:28:38 --> 2:28:[privacy contact redaction] wanted to... No, no, I mean, you should have been talking an hour ago. In fact,
1289
2:28:43 --> 2:28:48
we're due for, Steven, we're due for another presentation by Dave Colum as well because it
1290
2:28:48 --> 2:28:54
ties into this whole theme. All right. So Alex and Matt, David Colum is a professor of chemistry.
1291
2:28:55 --> 2:29:[privacy contact redaction], I read David Colum. So yeah. I pinged both of you on Twitter while you were
1292
2:29:03 --> 2:29:[privacy contact redaction] Thank you. Anyway, Steven, put Dave Colum on the thing
1293
2:29:08 --> 2:29:12
because I really want his views on all this stuff. And Dave, I think Dave tells us he knows nothing
1294
2:29:12 --> 2:29:17
about anything, but he talks pretty well. So good work. Dave, have you got the time to come on and
1295
2:29:17 --> 2:29:24
speak to us or not? Oh, yeah, sure. I do. I do three podcasts a week. So. All right.
1296
2:29:24 --> 2:29:28
We want you to. Okay. Daniel, Nagazi, and then we're finishing. Thanks, Dave.
1297
2:29:30 --> 2:29:38
Hello. Can you hear me? Yep. Yes. Okay. You can discuss the current system and talk in circles
1298
2:29:38 --> 2:29:45
and solutions for centuries, maybe even millennia and not come to a solution. If we really want to
1299
2:29:45 --> 2:29:51
solve this monetary banking problem, you've got to think way outside the box. And by way outside
1300
2:29:51 --> 2:30:00
the box, I mean, have every individual issue their own currency. And now with thanks to technology,
1301
2:30:00 --> 2:30:08
crypto currencies and cryptography, that actually is possible. So what you can have is every person
1302
2:30:08 --> 2:30:13
issues their own currency of what they want to trade. Let's say I have a hundred solar panels
1303
2:30:13 --> 2:30:21
and I want to trade half of my solar panels for food or services. So what I'll do is I'll issue
1304
2:30:21 --> 2:30:27
a Daniel coin, right? And each Daniel coin is worth two solar, two 500 watt solar panels.
1305
2:30:27 --> 2:30:33
And I put them on the chain. So when someone browses through the chain looking for items to
1306
2:30:33 --> 2:30:40
trade, they'll see, oh, here's up for trade, two solar panels. I'll trade for those two solar panels.
1307
2:30:40 --> 2:30:46
Let's say, you know, two hours of naturopathic consultation. And then I can trade the solar
1308
2:30:46 --> 2:30:52
panels for the naturopathic consultation, which maybe I don't need at this point in time. And I
1309
2:30:52 --> 2:30:58
will trade the naturopathic consultation from my account because now I've traded two solar panels
1310
2:30:58 --> 2:31:05
for naturopathic consultation. I'll trade that for something else. Let's say, you know, food or,
1311
2:31:05 --> 2:31:12
or, you know, vegetables, three months worth of vegetables. So that's something the ledger
1312
2:31:12 --> 2:31:[privacy contact redaction] of all the transactions who's traded what for what can
1313
2:31:18 --> 2:31:25
be all kept digitally. And because of cryptography, it can be secured against tampering. And because
1314
2:31:25 --> 2:31:[privacy contact redaction]ributed nature of any type of cryptocurrency network, everyone who is a part of the network has a
1315
2:31:32 --> 2:31:39
copy of the entire ledger so that they can see everything that's up for trade by every single person.
1316
2:31:40 --> 2:31:[privacy contact redaction] of money, in fact, you just got rid of money. You changed money into its actual purpose,
1317
2:31:47 --> 2:31:55
which is to facilitate trade and exchange between people. Now, then now you have to also redefine
1318
2:31:55 --> 2:32:01
what a bank is. Forget about banks issuing currency, central banks, throw that all in the garbage.
1319
2:32:01 --> 2:32:[privacy contact redaction] two to 3000 years of society built was built on that. We're thinking outside
1320
2:32:09 --> 2:32:18
the box. What is the essence, the purpose of a bank? The bank is a store of value, which means a warehouse
1321
2:32:18 --> 2:32:[privacy contact redaction]y where everyone brings their crops. Let's say someone has a oil pump jack
1322
2:32:24 --> 2:32:30
on their property, they can bring their diesel or whatever they refined. People can bring their
1323
2:32:30 --> 2:32:[privacy contact redaction] that's a store of value to a central location.
1324
2:32:36 --> 2:32:42
So you don't have to drive across to the opposite side of the community to conduct a trade because
1325
2:32:42 --> 2:32:49
everyone brings their produce for trade to a central location. And then the trade happens there.
1326
2:32:49 --> 2:32:54
So let's say I buy 1000 kilograms of wheat. I'm not going to use it all at once,
1327
2:32:55 --> 2:33:02
but I will keep the wheat that I bought or I traded for with my labor or hours of doctor's work.
1328
2:33:02 --> 2:33:07
I will keep that at the warehouse and the warehouse guards and stores the wheat.
1329
2:33:07 --> 2:33:12
I'm not going to eat 1000 kilograms of wheat, but then I can use the wheat to trade
1330
2:33:13 --> 2:33:20
for something else. Let's say fuel for my vehicle. That trade can all happen on a ledger
1331
2:33:20 --> 2:33:[privacy contact redaction]ual product. The wheat gets transferred from under my name
1332
2:33:28 --> 2:33:35
to someone else's name when they provide a service that I traded for. So the bank is actually
1333
2:33:35 --> 2:33:42
literally a bank. It's a store. It's a warehouse that stores the value. And we're not talking
1334
2:33:42 --> 2:33:50
about money, gold back standard, or some kind of basket of currencies that you're issuing a
1335
2:33:50 --> 2:33:[privacy contact redaction]em. I mean, you can play in that system if you want. You
1336
2:33:54 --> 2:34:[privacy contact redaction]em, but if you want to return the purpose of money, the purpose
1337
2:34:00 --> 2:34:08
of banks to the true meaning of those ideas, I'm not even going to say the word. The idea of a bank
1338
2:34:08 --> 2:34:[privacy contact redaction]ead of having money or gold or silver,
1339
2:34:15 --> 2:34:20
okay, we've got Daniel, we got it. We're over our time. Quick comment by Alex and Mads,
1340
2:34:20 --> 2:34:25
and then we're finishing. Excellent concept. Alex and Mads, and then we're stopping.
1341
2:34:27 --> 2:34:[privacy contact redaction]or, Alex and Mads.
1342
2:34:32 --> 2:34:39
I very much agree with Daniel that we need to think out of the box radically, probably.
1343
2:34:40 --> 2:34:[privacy contact redaction]ion the, I think I'm very intrigued by the idea you suggested.
1344
2:34:51 --> 2:35:[privacy contact redaction]ion its feasibility. Would it eat up all the energy in the world if every last thing for,
1345
2:35:01 --> 2:35:03
I don't know, seven billion people were tokenized?
1346
2:35:03 --> 2:35:07
It depends on the mathematical algorithm.
1347
2:35:07 --> 2:35:12
Daniel, we haven't got time for comments. I just want a quick comment from Alex and Mads.
1348
2:35:12 --> 2:35:[privacy contact redaction] so all of you notice, we had [privacy contact redaction] of the call. We're down to 36 now. We're
1349
2:35:18 --> 2:35:23
on a two and a half hour process, everybody. Please. Alex, thank you for that comment.
1350
2:35:23 --> 2:35:[privacy contact redaction]ion, but great suggestion. Great question. Mads?
1351
2:35:26 --> 2:35:36
Yes. Well, I just like it as simple as possible. Money creation, get it out to the people,
1352
2:35:36 --> 2:35:[privacy contact redaction]e decide what they want to do with it. If they want to buy crypto, if they want to put
1353
2:35:41 --> 2:35:[privacy contact redaction]ore their wheat and their solar panels in Daniel's system, by all means, they should
1354
2:35:46 --> 2:35:50
be allowed to do it, but they should not be forced to do it. It should be something that
1355
2:35:50 --> 2:35:[privacy contact redaction]e wanted to do it. Thank you. All right, and Daniel,
1356
2:35:56 --> 2:36:03
reminds me of there are two global barter systems. What Daniel's talking about is
1357
2:36:03 --> 2:36:[privacy contact redaction]em. These two barter systems are working around the world and people
1358
2:36:08 --> 2:36:15
can put any price they like onto their time. It's all just a digital ledger and it works beautifully.
1359
2:36:16 --> 2:36:22
It can absolutely be done. All right, everybody, round of applause for Alex and Mads. Great job,
1360
2:36:22 --> 2:36:28
guys. Coming in, clearly we could go for three hours, like hello, but wonderful, wonderful.
1361
2:36:28 --> 2:36:32
Dave Colum, you're on the agenda to speak. Stephen will be in touch with you. Tom,
1362
2:36:32 --> 2:36:37
you can go to the Tom Rodman group for those of you with time to do that. Thank you for being here.
1363
2:36:37 --> 2:36:41
Thank you for the chat. Thank you, Stephen, for organizing. Thank you. Thank you all very much.
1364
2:36:41 --> 2:36:48
Thank you. Great job. Yeah, Alex and Mads, could you work on that suggestion? Well, you don't have
1365
2:36:48 --> 2:36:56
to, but if you think it's a good idea, forming some kind of constitution for a new system
1366
2:36:57 --> 2:37:01
so that that can be discussed. But I don't know whether you think it's worth doing that.
1367
2:37:03 --> 2:37:09
Maybe we don't tell everybody. All right, thanks, everybody. Stephen, I want to suggest,
1368
2:37:10 --> 2:37:15
can you hear me, Stephen? Can you think about getting Ann Vanderstil on here? Because she has
1369
2:37:15 --> 2:37:[privacy contact redaction]ate national movement, which is the common law, women and men
1370
2:37:21 --> 2:37:[privacy contact redaction]il, we've had her on, Shasta. She could talk about this movement that's
1371
2:37:28 --> 2:37:34
happening in America, because it's got its own, it's got, it's got, we're supposed to have our
1372
2:37:34 --> 2:37:39
own judges, our own courts, our own sheriffs, our own everything. That might be good advice.
1373
2:37:39 --> 2:37:47
I'd like to say, that is, I'm glad that Alex and Matt studied economics, because they have the
1374
2:37:47 --> 2:37:[privacy contact redaction]ain all this to us. Similarly, anyway, that's a big, look, come on, we're going.
1375
2:37:54 --> 2:38:00
Thanks, everybody. We stopped the recording. Thanks for being here. Shasta, it's on the agenda.
1376
2:38:00 --> 2:38:[privacy contact redaction]ion. See you on Sunday. Thank you all. Thank you. Thanks, Mads. Thanks,
1377
2:38:08 --> 2:38:12
Alex. Thank you, Alex and Mads. Thank you very much.
