The US Debt Crisis Is About To Get Very Messy

Added: 2026-05-23

[00:00:00]The global government debt crisis is becoming even more expensive. G7 bond yields are also eight times above the 2020 pandemic low.

[00:00:10]>> To me, this is all cover for what they're going to do. And what they're going to do is cut >> the Fed and they show the majority of officials thought rate hikes may be needed if inflation persists.

[00:00:21]>> Probably going to happen as well as those as countries like the US continue to look inward for uh survivability.

[00:00:26]That that money's got to come from somewhere. God, it's all just so fake.

[00:00:34]>> We'll dive right in. Uh I know that we've been we were kind of poking fun at it last week. Uh there's bond yields are always ready to crack. We've been hearing it for years, but it does seem like there's more panic as of late. I'm just going to rattle off a few things that uh people are chatting about.

[00:00:51]Today, we've got the Coobeasi letter here. Bond markets are flashing red today. The US 30-year note officially hit its highest level since July 2007 at 5.19%. This will soon become America's biggest problem, yet the vast majority do not even know it's happening. Um, and then they made a whole thread on kind of what is currently going on. Uh, they also uh went on to say the global yield crisis is accelerating, expanding beyond the US by the way. uh 10 plus year government bond yields of G7 countries are up to 4.7% the highest since 2004.

[00:01:29]This is now 0.5 percentage points above the 2008 financial crisis peak. G7 bond yields are also eight times above the 2020 pandemic low of 0.5%. The surge comes amid renewed inflationary pressures uh from rising energy prices, persistent large government deficits, and the end of central bank QE programs.

[00:01:53]As a result, investors are demanding higher compensation for holding long-term government debt. The global government debt crisis is becoming even more expensive. Um, we've got Robin Brooks uh weighing in here again covering the 10-year uh yield from a variety of different markets. Uh, we've also got John Arnold. A fire alarm is going off. Everybody is ignoring it with a chart going back to uh 2000 showing yields uh all the way over the past two and a half decades. Uh Larry Leard chiming in. Seems like bonds are in trouble. Welcome to the hot seat, Kevin.

[00:02:30]Um so yeah, plenty of stuff going on there. And then amid that, as I said in the intro, uh the Fed, their meeting minutes, uh came out and they show the majority of officials thought rate hikes may be needed if inflation persists. Uh again, in a sudden turn of events, it appears that the market and the Fed are bracing for potential rate hikes. Um and again, like Trump added Worsh with the intent of him cutting rates, right? like that's that's why he wanted this guy and now he he's stuck between a rock and a hard place. Like is is he going to go ahead and do what the market seems to be pricing in or is he going to uh fly in the face of it and still cut rates or at least just stand still. It seems like that's more likely to me. But uh nonetheless, um I'm curious what your gent's thoughts are on what is going on with bonds and the Fed. So, I'll tee it up. I mean, >> I'll jump in there. I just We're all going to die. It's global debt crisis, financial crisis 2.0. Um, actually, funny enough, I just recorded an episode with Nick Batia and Joe Conori on this very topic. And one of the things that they were highlighting to me that I think is worth noting here is that they're right. They're saying that like everyone's ignoring the warning signs that with the rising yields, it's a problem for everybody else, but it doesn't seem to be a problem for the US.

[00:03:53]The US economy seems to be doing fine.

[00:03:54]The stock market, the NASDAQ, the S&P, they're basically at all-time highs.

[00:03:58]They're showing signs of growth. I think Fed uh what is it? GDP now I think is up at le something like 4% in real terms.

[00:04:04]And so it seems like yes this is a major problem if you step back and look at the whole entire global bond market but it's not necessarily a problem for the US or not right now. We have the Japanese 40-year hit an all-time high. I think one of the Japanese um auctions went no bid there as well too. We're seeing problems in the guilt market. We're seeing problems in the German buns market. I think I even saw the I think the Indian rupee is at like all-time lows against the dollar that this is wreaking uh wreaking havoc but not for the US. It seems to be wreaking havoc for everybody else right now too. And I still find it incredibly fascinating. It seems like the US administration is trying to keep a lid on it to some extent because we just saw this morning as well too Trump came out with the I think it was uh final steps of the talks with the negotiation with Iran and you saw the tenure drop 10 basis points. You saw the Canadian tenure drop 13 basis points. You saw the oil market come down as well too. So all eyes are currently on Iran doesn't seem to be stressing out the US markets or economy at this point in time, but everywhere else everybody else around the world seems to be hurting a bit. At least with the information that I'm getting. That's what I'm seeing. But Walker, I'd be curious to get your thoughts on all this. Also, are we not going to talk about what the [ __ ] Walker's wearing?

[00:05:11]Because I'm having a hard time not standing.

[00:05:13]>> Chad's Chad's talking about it.

[00:05:16]Yeah, >> I don't know what you guys are talking about. I was uh no I was I was in my garden/orchard right leading up to this so I'm quite quite spitzy but yeah I boy I don't know um you brought up also the the whole like oh they probably it looks like they're pricing in the rate you know rate hikes again and I just it's all just so fake right like it's all just that it just feels like everybody's like pretending this whole time like we're going to we're going to raise rates again guys like oh no I hope we don't have to do it and all this stuff and it's like oh yeah and the war I don't know all this geopolitical instability like boy I don't I don't know guess guess we're just entering it's a new normal you know and it's just like we we all know where this ends right like short okay okay short term anything can happen sure but like give it a year give it a couple years we just know that they're going to turn that printer back on also I'd like to point out that okay bond market stuff I'm no bond market expert I've never bought a [ __ ] bond I'm not a boomer right Like I'll leave that stuff to James Lavish. He knows what he's talking about, right? I don't.

[00:06:22]So, I'll leave the bond stuff out of this. What I will say is that, okay, let's say they decide to raise rates, right? Trump has WS assassinated probably. I don't know. Um, but uh if they decide to raise rates, people might be like, "Oh, well, that's going to really crush Bitcoin." Except remember how during Biden's presidency like when rates were going up at like the highest rate that they had like ever basically and Bitcoin went on a [ __ ] epic run from 16k to 125k basically like rates didn't start coming down till the end of that run. So this whole narrative that like you need low rates for you know like interest rates got to be low for Bitcoin to pump. It's like no no no no we have like literally it was like yesterday that we proved that not to be true. So, like, and you can talk about oil, you know, it's a leading indicator or lagging. Okay, [ __ ] off. It's all it's all going to be fine. What does it mean for your bags? We all know that's all that anyone cares about. At the end of the day, your bags are going to be pumped regardless as long as you're holding Bitcoin. So, just, you know, sit back, relax, do a little bit of gardening or orcharding. I don't know what it's called when you tend an orchard. I assume still gardening, but that's what I'm doing. And, you know, have a beer along the way. That's what I have to say about that.

[00:07:28]>> Is that a stein? Good for you. Thanks, buddy. I appreciate that. Look at that.

[00:07:31]>> I got it at Goodwill.

[00:07:33]>> I love it. That's saving stats. Brandon, I'm curious your thoughts on this because I'm wondering if like the market is now pricing in that the next move from Worsh would be a rate hike that we see that kind of priced in there in the futures market as well too. The high interest rates, the potentially raising of interest rates seems to be putting stress on everywhere outside the US.

[00:07:50]You've often talked about like Bent and Trump going after the city of London and other places outside. Do you think this is what they're trying to do? Does it look like they're trying to accomplish that?

[00:08:00]Yeah, and I know we're going to touch on Massie later and some of these things, but this is just all part of the kayfabe. It's all part of the wrestling act. I mean, this is it's removing all impediments from the the money printer go burr. And I've got a I didn't tee it up. Yeah, we thought we were going to talk about a little bit later, but a tweet from Cernovich, a tweet from Shawn Davis later explaining a lot of this exactly what's going on. And the money printer is about to go burr. I I don't usually usually like the the collective market a lot of times I feel like kind of has a pulse on what's going on and and maybe maybe this is dead wrong or whatever but I just again we're at 40 trillion in debt. Do we really think the rates are going to just spike go to the moon they're going to stay there? I mean like that's absurd on face. So who knows I I mean I think that the bit you know Bitcoin like Larry Frink always talks about or at least numerous times has talked about Bitcoin being a trade of fear and you know he's right and he's wrong. It's a it's a trade of hope and Bitcoin is our greatest hope. However, he's right in the sense that Bitcoin is really a trade of I hate the way my life is going and everything going on around me and how things are playing out and I trust none of these morons running things. That's literally what Bitcoin is. So, like to Walker's point, the the rates could be going up, they could be going down. At the end of the day, it doesn't matter. If if dumb things are happening left, right, front, and center, then guess what? Bitcoin is going to go up because the the money printer has to go burr mathematically.

[00:09:22]It's a debt based system and again we we all have to talk about this tour blue in the face and we forget this almost on a daily weekly basis that this is the endgame. There is no tapering the ponzi as Max Kaiser has said for what 101 15 years you cannot do it. You can do it on short terms like for a day for a month you know for a year. You can act like you're going to do it. You can forward guidance it. You can talk it you know try to talk it into the ether. You can do all these funny games but on a long enough time horizon when you zoom out it just the debt goes up into the right and that's the chart of Bitcoin. the price USD price of Bitcoin is up and to the right. It's basically, you know, high beta to the the debt chart. That's that's Bitcoin's price. And so that's that's what's going to happen. Continue add, you know, add infinitum until or unless there's a completely new system until there's new Brett Woods, which now we come back full circle. I won't elaborate much more on it. This goes back to the city of London thing and ripping out the heart of the existing system that we've had for hundred years uh more or less. And and we're they're they are trying to what seems like institute this new system. We saw Tom Lango talk about it a couple of weeks ago. We saw him tweet about it yesterday. Arc [ __ ] America, Russia, China. This is the Pacific Rim of Fire.

[00:10:28]Maybe [ __ ] Japan in there. Maybe India in there. This it's not bricks anymore.

[00:10:32]It's Arc Arub. Arub, you know, or whatever, you know, like India's in there, Japan's in there, too. This is it's the Pacific Ocean that's going to be it. Europe's they're gone. They're gone. The the island out in the middle of nowhere that produces nothing. Good luck. So, >> if you're a homeowner and you want more Bitcoin, Horizon just opened a whole new door. Most of your wealth is locked in your house, growing a few percent per year, while Bitcoin has historically grown far faster. Horizon lets you convert a portion of your home's future value directly into Bitcoin without taking a loan. No monthly payments, no interest, no term limits. You stay in your home and you fully control and custody your Bitcoin. There's no force liquidation, no margin calls, and no income requirement. You unlock tax-free cash today, and Horizon simply receives an agreed upon share of your home's future appreciation when you sell or refinance. Hundreds of homeowners are already doing this in over 21 states. So go to joinhorizon.com and see your Bitcoin potential in about 90 seconds. Turn your home into a personal Bitcoin treasury with Horizon.

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[00:12:24]>> I was just on the phone with a customer service agent named Arab earlier.

[00:12:31]Uh quick quick quick quick quick note uh to Brandon's point like they must print the interest expense on the na on the national debt in the United States is greater than our military budget.

[00:12:41]>> They yeah >> they cannot raise rates for long because that problem just gets exacerbated more and more and more and more that that is untenable. They have to lower rates.

[00:12:51]They have to increase the monetary they have to dilute, right? They have to debase. you have to inflate or everything comes tumbling down like just it collapses. Joey, your thoughts as a Canadian who has a fake currency.

[00:13:04]>> Uh yeah, our shekele sort of um I mean it's funny. We actually just issued a US dollar denominated bond today. So >> I'll bet you did.

[00:13:12]>> Yeah. Make that what make that what you will. Not necessarily a distress signal, but something to keep an eye on. Uh the descent in the the meeting about the cuts and hikes is kind of a split, right? I think it was like 3-1 or two or 22 plus one or something like that. I forget what the uh what the story was there. But there to me this is all cover for what they're going to do and what they're going to do is cut because there's just no way that they're going to you look at the US economy the numbers that you that you noted there Nate nothing wrong with pointing out that the stock market's at all-time highs all this stuff but you're rolling now into an era where not only do you need cheap money to do what's going to become the most important economic expansion of the last hundred years in terms of these data centers but you need to be to be able to pay down these debts, roll these debts over at lower rates, etc., etc. You can't do that with with hikes. In my view, when you look at the Fed, by the way, apparently a contentious handoff meeting, did I did I read that correctly? I think I did. Uh between Wars and and Pal with some board uh division, but anyway, that's a story for another time. We'll have to wait for page six to pick that up. The the idea that these guys are going to do anything but cut, I think, is just a a bit of a a ruse to throw you off the scent. Does it not feel to everyone like we're kind of entering a calm before the storm moment?

[00:14:33]Not things are not really moving the way you're used to seeing them move. Um you're paying a ton for term premium on bonds or or getting paid a ton for term premium on bonds and even still these things are rising at a rate that we haven't seen in a long time. So most of the time I would say that you're due for you know like Walker and Brandon said you're due for an inflationary spike.

[00:14:53]And where does that come from? when it comes from expanding the monetary supply. I don't think there's any question about what they're going to do or how fast they're going to do it.

[00:15:01]Maybe just about, you know, what sort of disguise they put on the the intention in the interimm, which has always been the case. I mean, we've seen that with Powell's Fed, we saw it with Bernanki's Fed, we've seen it for 20 or 30 years now, you know, for for as long as most of us have been uh observers of this kind of stuff and people in the chat.

[00:15:18]So, in Bitcoin, we know one thing. The printer only prints. It is never off. It is only idle. And right now, uh, that thing's warming up, man. I don't think there's any doubt about it. It's good to see. I'd like to see something besides a seven handle on my Bitcoin. That's for sure.

[00:15:34]>> That would be delightful.

[00:15:35]>> Stupid name.

[00:15:38]>> I say the only thing that I'd add or like push back slightly just in the short term is like I just pulled up the um the Atlanta GDP now and it's sitting at 4.0. It seems like all the capex spending is keeping things kind of afloat.

[00:15:48]>> It's working, but capex but capex isn't free. It's, you know, that's you need that money to be cheap and so you can only do it for so long. We've seen, by the way, uh, increased consolidation in the AI space. And so these guys now are entering a period where it is going to be winner or take all and to try and win that race, they're going to spend, spend, spend. You can have Facebook jumping into that. Not to mention that if you onshore production, which is probably going to happen as well as those as countries like the US continue to look inward for uh, survivability, that that money's got to come from somewhere. It ain't I'm not giving it to them. the tax base doesn't have it. You can't you can't charge uh Sanjay another 20% on the Zuber Eats uh you know orders. So what are you gonna do? You got to print the money. You got to make sure the lending is cheap. That's that's their job at the end of the day. They're a dualmandate central bank. And so they know that one of these things is more important than the other. Printing is what's going to come next.

[00:16:39]>> Uh Jens, I wanted to bring up one other thing here. Uh, and this was an interesting little tidbit that uh came up in the news cycle just uh yesterday.

[00:16:51]Um, Donald Trump executed 3,642 securities transactions during the first quarter, averaging nearly 58 trades for every US trading day.

[00:17:01]>> What?

[00:17:02]>> This nine an hour?

[00:17:04]>> Oh my god. This translates to roughly nine trades >> like >> one trade every seven minutes during market hours. Uh now >> um >> coding he's got a trade built a trading bot.

[00:17:19]>> He's got a bot could be. But hold on hold on hold on. Um TFTC over here. The Justice Department quietly added a one-page addendum uh to the Trump IRS settlement that forever bars and precludes the IRS from examining the tax returns of President Trump, his family members, his company, and all related companies for anything filed before the agreement was reached. The addenum was signed by acting attorney general Todd Blanch and posted to the Justice Department website on Tuesday morning.

[00:17:50]This comes one day after Trump dropped a $10 billion lawsuit against the IRS in exchange for the creation of a $ 1.776 billion fund to compensate allies of the president. The fund will be run by five people who can all be fired at the will of the president with no requirement to publicly disclose who receives money or why. During a Senate hearing on Tuesday, Democrats criticized the arrangement with Senator Chris Van Holland, calling it an outrageous, unprecedented slushfund. Uh, Democrats also pressed Blanch on whether there would be any limitations or uh who could file a claim from the fund. Blanch said there were not. Um, so thoughts?

[00:18:36]Drop that bomb there.

[00:18:38]>> Walker.

[00:18:39]>> Oh god. I mean, okay. I don't know. Was it Trump or Trump's trust executing those trades? Doesn't really matter.

[00:18:47]All of this stuff, you know, sometimes this is perhaps a little bit off topic, but I look around and you see all the stuff with Quality Learing Center and just all of the rampant fraud in California. And I'm sure Canada is just ripe with fraud. Like you guys are more communist than we are, which means there's more like the more a communist you are, the more the farther along that spectrum you are from free market to communist, the more fraud that there is.

[00:19:08]Like that's how it works. talk to anybody in a communist country or that escaped a communist country, right?

[00:19:13]Because they don't stay there for long.

[00:19:14]Ask them why.

[00:19:15]>> Dude, even on the small scale, you'll see people there's like a whole niche of videos of showing you how to scam food banks. It's the entire culture. You can't say, "Hey, those are new Canadians. Leave them."

[00:19:24]>> Sorry, my mistake there.

[00:19:26]>> Are you talking about youths or uh changing consumer habits?

[00:19:29]>> These are doctors and engineers, not youths.

[00:19:31]>> Oh, they're doctors and engineers. Okay.

[00:19:32]Okay. Just I wasn't sure. It's hard to keep everyone straight. Um, the point is, you know, you ever just look around and you're like, "God, all I have to do is be a piece of [ __ ] person and just defraud other people and I can be rich.

[00:19:46]I can just suckle at the tea to the [ __ ] taxpayer and make millions and millions of dollars." But then it's like, "No, I can't cuz I'm not a piece of [ __ ] person. I'm a person who wants to contribute some sort of value to this world." This is, by the way, I'm not calling Trump a piece of [ __ ] person.

[00:20:01]Everyone in the chat like rebel rebel a good person.

[00:20:05]>> This is this is me this is me d just digressing slightly because like all of this >> all of this stuff like whether it be insider trading at the presidential level whether it be the president and his first lady launching shitcoins right before coming into office whether it be all the insider trading in Congress whether it be all of the NGO fraud. Like I don't Is there an NGO that's not just a just fraud? Like is there a >> nonprofit? They're all geos. They're all geos. Money comes from government.

[00:20:29]That's it. and like, "Oh yeah, I got a 501c3." It's like, "Oh, okay. So, you're a nonprofit, which means you take all of the stuff that would be profit and you just give it to yourself." Okay, got it.

[00:20:37]Totally understood. You just realize like uh being a trying to be a principled person, like if it weren't for Bitcoin, being a principled person would be ensuring you stay poor essentially. Like you you you if you're a piece of [ __ ] person, if you're a grifting piece of [ __ ] it's super easy to make money if you have no scruples whatsoever. Again, not talking about President Trump here. I mean, you know, just other people who launch shitcoins or, you know, what whatever, but not him. Um, it's super easy to make money if you're just a grifting grifting piece of garbage and you will take advantage of other people and you will take advantage of the uh, you know, you can say, well, it's just taking advantage of the legal system. It's like that's a different thing, right? Like I'm I would never condone taking advantage of the tax code, for example. Uh, you should pay more than you owe to the IRS or whatever the Canadian thing is that processes your moose shackles. But I guess the the larger point on this is it's like God, it's all just so fake.

[00:21:32]It's all just so fake. Everybody's committing fraud, but you have a way that you have a system that can't be defrauded. And like I I come back to this and more and more it just refocuses me back on Bitcoin because it's this idea that in a world where everything is fake and everyone is trying to commit fraud, you have a system that can't be faked and can't be defrauded. And that's like when whenever I get super blackpilled and I get to that point where I'm like [ __ ] all of this. Like what's even the [ __ ] point? It's like well okay this is the point that you can still try to live a virtuous life that you can still try to live a life where you create value where you do right by other people instead of defrauding them.

[00:22:10]And that that ultimately is what will like that will keep your heart and your soul healthy as well because all these people are just black to their cores.

[00:22:19]And I mean when I say black to their cores, I just want to clarify. I'm talking about insult that producer producer.

[00:22:27]>> Anyway, Joey, >> so that was at 2158 for anybody who's looking for the clip.

[00:22:33]>> I was going to say anything. You know what's funny is uh I don't know when this was, but one of the little Trumps when when big when big DJT took over, uh I think it was little DJT who said that it doesn't matter if everything's in a trust or not. This is obviously a pretty significant break from tradition to not have your stuff in a trust. He said that most of the stuff was in ETFs like broad market indexes. And so are you telling me this guy's trading, you know, 1,200 times or whatever the number was in in and out of ETFs? Is that what I'm supposed to believe here? I don't know.

[00:23:06]It's worth noting. I have the list of like significant holdings. One moment student. uh Coinbase, SoFi, uh a few other like Nvidia. Sounds to me like stuff that he's helped uh grow during his term in office. So, are are we really surprised that he's doing this? Number one. Okay. Number two, I think there's a lot of people on the the right, you know, Canada, America, Europe, whatever, who love this guy and worship him blindly. Okay. This guy is as much a looter of the treasury as any commie as any, you know, redblooded uh uh hostile leader as any person who has ever held that office. Okay. Has he shoved a cigar into another woman's privates?

[00:23:54]>> Probably not. Probably not like a an aranged woman, but maybe his own wife. I don't know.

[00:24:01]>> This This all to say one thing. This That's right. This all to say one thing.

[00:24:05]You have no idea what you're up against with these people. We talk all the time on this show about like, you know, we joke about the the immigrant scams and the, you know, we talked about Somalians probably a couple times. All scammers, all fraudsters, but these guys are fraudsters, too. Big time. Okay. The Somalian guy running the daycare, he might get you for a million. This guy's getting you for eight, nine, 10 figures over the course of four years. His kids are getting you for eight, nine, 10 figures over the course of four years.

[00:24:34]He's selling you shoes with his name on it to the tune of eight nftts. Shitcoin is named after his wife. He's running up his portfolio. He's running up his real estate. He's invading other countries.

[00:24:44]He's killing American kids overseas in the name of the portfolio. You decide if that's what you voted for or not. But I'm getting pretty sick of seeing online the plan trusters following this guy wherever he goes. It's unbelievable. You got to give your head a shake, man. What is What is the show? is it not in the it's in the show open, right? It's not red or blue. It's the state and you and this is a great example. That's all there is to it. This is exactly what you expect to see from a guy in power. Just to add to that quickly, too, I was trying to find it here. It was um Trump linked venture fund 1789 capital tops 1 billion in assets. I saw something like the assets under management is up like over 1,600%.

[00:25:23]And then I got to share this clip that I saw that I think actually might be from 2025. I was trying to get verification on it. But >> you know, still nonetheless, >> while you're pulling that up, I would I would love to know too just to give you an idea of how inside these guys are once they are inside. I bet you if someone wants to claw this or something in the chat, what was the growth in his AUM?

[00:25:43]What was the difference between 16 to 20, 20 to 24, and 24 to present? I bet you it was barely anything at all. Like once you are in there, the beltway will provide. And I think you're seeing that with this guy and you would you would probably see that in the numbers.

[00:25:58]>> Just to add to the the insider trading thing, we have Mike Johnson says Congress can't survive on 174,000 because of inflation. Inflation guys justification for why they they you have to let your politicians trade because they couldn't possibly survive on 175,000 per year.

[00:26:16]Don't forget they're supposed to be like public servants, right? Supposed to be pay each,000 a year more. Pay them each 100,000 a year more. It doesn't matter.

[00:26:24]doesn't matter. Exactly. Pay them each a million a year and it doesn't matter.

[00:26:28]Like actually maybe do that. Pay everybody in Congress and everyone in the Senate a million dollars a year.

[00:26:32]>> It will not [ __ ] move the needle at all in terms of anything else, right?

[00:26:36]Like quality learing center launderers that much money, right? Like it doesn't matter. A million dollars a year totally like it's al sorry it's frustrating. Er, the best part is that if you told those guys, "We'll pay you a million a year, but you can't trade stocks and you can't grow your total net worth apart from your salary." They'd all vote it down.

[00:26:54]Every single one of them will all vote down term limits, too. [ __ ] Nancy [ __ ] Pelosi. Jes Brandon, what do you think of the crim keeper of Nancy Pelosi?

[00:27:05]>> Oh boy. She's wondering about Paul.

[00:27:07]Yeah, no. I mean, >> I I I'd actually >> I got a hammer back here somewhere, if you know what I mean.

[00:27:13]I would actually I mean in in a way I don't even know I mean it's tough right like there's so many things to do with Congress itself like you guys said there's term limits there's you know there's so many different things I I've even thought of paying them nothing um because you pay a million you could pay them all 10 million could pay them all 50 million like they're just going to scam harder paying zero you know I I don't know and then then people aren't going to Congress to try to to make money but then they're making backroom deals you know right so like what is what is the answer at the end of the day um >> you know this is why it matters That's why it matters about your your soul at the end of the day, you know, because it's funny you guys bring this up. I thought about this for a long time. Dan Bilzerian used to be a good example to this uh for me that I'd use with people for a long time. I mean, like, do you do realize that most men could do what Dan Bilazerian is doing, right? Like most men could just be do whatever they want, be promiscuous, and just, you know, run around and like be super successful. But that's easy in life. That's not It's hard to be good.

[00:28:06]It's hard to be a good, moral, ethical, just person and try to get ahead in life. And that's what matters at the end of the day. And sometimes we forget about this. We don't talk about it maybe as much as we should in Bitcoin because we have to be the ones to set an example for the rest of the world. And people coming to this network at the end of the day. And and it's somewhat taboo. I know people sometimes get worked up and they get up up in their oats to get their panties in a bunch when you talk about stuff like this, but like that's that's how this works. Like when you see people being successful over here, you want to emulate them like, "Hey, what are they doing? What's going on?" And and that's the challenge to me at the end of the day. And and it makes me a lot of this makes me think of Thomas Massie or um well Massie too, but uh Frederick Bastiat, right? When plunder becomes a way of life, a group of men living together in society. They create themselves in the course of time a legal system that authorizes it and a moral code that glorifies it. And yeah, these guys are all professional scammers and we're all scammers, right? The Bistine and this this is this is the ills of a fiat system. It it forces you to be a scammer, right? It forces people to take cash under the table. It forces people to create NFTts. It forces people to make IRS rules that only benefit them. I mean, from you name the smallest guy all the way up to the biggest guy. That's the system we live in. And that's the promise of Bitcoin changes all that. And that's why we're here at the end of the day because this is the inevitable outcome of what's going to happen. So, you know, the scams, they're going to keep coming. They're absolutely going to keep coming. They're people are going to keep getting scammed. This why the younger generation, it's hard because younger generation sees it probably the best, but they have the least amount of power right now. They have the least amount of wealth. They have the least amount of power. And they're seeing all this happen. And this goes into again we can talk about it more a little bit later but the Thomas Massie stuff and it's one of the reasons he lost probably the big reason he lost is because he was pushing we're going to get rid of the debt and we're going to do some of these things and like yeah of course there's the Epstein things. The the the thing that blows my mind is that people want to pin things on like this is just Israel it's just Epstein. I was like do you really think it's that simple? Like are you are you that shortsighted that it's that one thing? the guy who hasn't tweeted about it. It was tweeted about three times in 10 years and all of a sudden he's just hammering it and then it just we'll talk about it later, but it just grinds my gears a little bit because we're we're missing the forest from the trees of what's actually going on and emotion goes up, intelligence goes down.

[00:30:12]>> You know, you can follow uh Pelos's trades on her her Robin Hood account is public. Did you know that?

[00:30:18]There's that uh that built that that whole like company around tracking Congress traders.

[00:30:23]>> Yeah. Her her Robin Hood stocker >> her Robin Hood handle is Can's Drunken Miller. So you can see uh what she's what she's doing, her market activities available to anyone. Just look that up.

[00:30:34]>> I want to throw this in here quick just talking about like the state of the world and the way things are going. It's bit of a tangent, but it just had my attention in case you were curious about how to be profitable in today's world.

[00:30:42]Only Fans is possibly the most revenue efficient company in the world and no one even comes of the end.

[00:30:49]>> That is the most sad chart I've ever seen.

[00:30:52]>> Where's Tether up there?

[00:30:55]>> Number one and two only fans.

[00:30:57]>> Yeah. How is Tether not up there?

[00:31:00]>> Look at I mean just go down your go down the the highways, you know, here in Michigan. You go down the highway and you pick 10 billboards out, I guarantee you six or seven of them will be a pot shop, sports gambling, a casino, higher education, and a lawyer.

[00:31:12]>> Oh, injury lawyers. I' injury lawyers. It's all like injured in a car crash.

[00:31:18]>> You know, in Florida, they might have at some point there might be billboards in the highway. Like you might have to dodging it like it's Mario Kart. Like I kid you not. I mean, there are so many billboards in Florida. I mean, God love you people down there. I don't know how you do it. And like this is But that is that. So I always ask people, go look down the highway. you know, I75 here in Michigan runs all the way up from the Sous St. Marie all the way down to Florida into Miami. And so I was like, just go, you know, drive down I75 for a little bit for half, you know, 20 minutes. And you tell me, are we the beginning of an empire or the end of the empire? Let me know.

[00:31:45]>> America's waterways are incredible. You can traverse the whole nation by boat.

[00:31:48]Anyway, >> love it.

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