Latest / The Paul Barron Crypto Show / D.O.G.E. Government Blockchain Incoming?🚀Dr. Ron Paul INTERVIEW

Transcript

D.O.G.E. Government Blockchain Incoming?🚀Dr. Ron Paul INTERVIEW · The Paul Barron Crypto Show

• 0:05
  Speaker 1: My name is Paul Barren. Welcome back into tech Path.
• 0:08
  Speaker 1: Let's get into it today. We're going to have a
• 0:09
  Speaker 1: special guest for you guys. You don't want to miss it.
• 0:11
  Speaker 1: It's going to be a good one. I do want
• 0:13
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• 0:36
  Speaker 1: I want to introduce our guest and that is former
• 0:38
  Speaker 1: Congressman doctor Ron Paul coming into the show. How are you,
• 0:42
  Speaker 1: doctor Paul?
• 0:43
  Speaker 2: Doing well? Paul? Nice to be with you today.
• 0:45
  Speaker 1: Excellent. So let's just dive into a couple of things.
• 0:48
  Speaker 1: I want to talk a little bit about your opinion
• 0:50
  Speaker 1: really around what's happening with DOGE and DOGE meaning the
• 0:54
  Speaker 1: Department of Government Efficiency both what Elon Musk has been
• 0:58
  Speaker 1: able to start on recently, but also what the potential
• 1:02
  Speaker 1: future might look like. First of all, give us kind
• 1:04
  Speaker 1: of a rundown on where you see this maybe working
• 1:08
  Speaker 1: for the US government.
• 1:10
  Speaker 2: Well, let's hope it's successful and they are ambitious. They
• 1:13
  Speaker 2: have some good people in there, and they have very
• 1:17
  Speaker 2: good intentions. But from my viewpoint of having been in
• 1:21
  Speaker 2: Washington for a little bit and spend time in politics,
• 1:25
  Speaker 2: is a long way to go because people don't like
• 1:28
  Speaker 2: to see anything cut. You know, somebody told me once,
• 1:32
  Speaker 2: I'm all for cutting, but he explained to me, Ron,
• 1:36
  Speaker 2: you have to remember everybody has a butt, but yeah,
• 1:40
  Speaker 2: I cut everybody else. But so it's good I participate
• 1:45
  Speaker 2: loosely with them making suggestions, but it's so overwhelmingly b
• 1:52
  Speaker 2: We're in thirty six trillion dollars of debt and as
• 1:55
  Speaker 2: this grows exponentially, they're going to just have to worry
• 1:58
  Speaker 2: about the interest rate. And that is why Trump was
• 2:01
  Speaker 2: saying lower the interest rates. Well, the market, we eventually
• 2:05
  Speaker 2: will tell about the interest rates. Just paying the interest
• 2:08
  Speaker 2: is going to be a great burden. But all the
• 2:10
  Speaker 2: suggestions and improving on items, it might lower prices here
• 2:15
  Speaker 2: and there, but that's not the answer to the inflation.
• 2:19
  Speaker 2: That everybody's worried about.
• 2:21
  Speaker 1: So, doctor Paul, do you think that the Trump administration,
• 2:25
  Speaker 1: at least this time around, is a different animal from
• 2:29
  Speaker 1: a government side of things, because we've seen the cabinet
• 2:32
  Speaker 1: selections that are considerably outside the normal purview of what
• 2:36
  Speaker 1: we've seen in DC before. Do you feel like this
• 2:39
  Speaker 1: time around Trump maybe has a little bit more tactile
• 2:43
  Speaker 1: capability of executing on some of these things such as do.
• 2:48
  Speaker 2: I certainly hope so, and I think so, and I
• 2:50
  Speaker 2: think that is the case. But time will tell exactly
• 2:54
  Speaker 2: what will happen. But to me, the most exciting part
• 2:57
  Speaker 2: about this is Trump has has recognized that and he's
• 3:04
  Speaker 2: a genius at politics bringing different groups together. Who would
• 3:08
  Speaker 2: have ever predicted ten fifteen years ago that he would
• 3:12
  Speaker 2: be able to be the cheerleader for the evangelicals, But
• 3:17
  Speaker 2: he's been able to bring people together in that sense.
• 3:20
  Speaker 2: And the one thing that I like is even since
• 3:24
  Speaker 2: he's been elected, he talks about libertarians and even before
• 3:30
  Speaker 2: his election he would reach out to us and you know,
• 3:34
  Speaker 2: to talk to us about issues and things. So's he
• 3:38
  Speaker 2: were very respectful and I don't think that happened last
• 3:41
  Speaker 2: go round, And that to me is exciting, But I
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  Speaker 2: think it's not only a reflection of his character and
• 3:48
  Speaker 2: how he operates, but it's also a sign that the
• 3:51
  Speaker 2: people are more a libertarian And so some of these
• 3:55
  Speaker 2: things that are going on now the left are totally dumbfounded,
• 3:59
  Speaker 2: you know, about what he's saying and the people liking it.
• 4:02
  Speaker 2: But I think the country a lot of people don't
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  Speaker 2: believe this because you know, if you measure by a
• 4:08
  Speaker 2: libertarian party or something, where are they going. So I
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  Speaker 2: think that Trump has done a lot of good by
• 4:15
  Speaker 2: reaching out, and I think it's a reflection that our
• 4:18
  Speaker 2: message of limited government and a true sense of the word,
• 4:21
  Speaker 2: especially the answers I have in the foreign policy. Trump
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  Speaker 2: has spoken out on that, but he's also has some
• 4:27
  Speaker 2: weak spots on what we should be doing in foreign policy.
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  Speaker 1: All right, So you're saying that it's possible that this
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  Speaker 1: whole psychological effect on government now with where Trump is,
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  Speaker 1: and also I think he's crossed the lines a couple
• 4:40
  Speaker 1: of times, obviously with Bobby and also with Telsea Gabbard,
• 4:44
  Speaker 1: we're starting to see a complete different framework of how
• 4:46
  Speaker 1: maybe DC is going to look like in the future.
• 4:49
  Speaker 1: With that being the case, and you listen to what
• 4:51
  Speaker 1: Elon Musk has been saying, because he's exploring blockchain technology
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  Speaker 1: possibly to start to track government spending. And this is
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  Speaker 1: something thing that we talk about on the show a lot.
• 5:01
  Speaker 1: Blockchain possibly can be used as a very transparent method
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  Speaker 1: in which government spending can be truly tracked. If Elon
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  Speaker 1: Musk pretty much, I would say argue that he's the
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  Speaker 1: Einstein of our time could get this in place? Would
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  Speaker 1: you before that.
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  Speaker 2: With caution? Because keeping track of the Pentagon, because there's
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  Speaker 2: that's a monster, or keeping track and you open up
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  Speaker 2: the Federal Reserve, that's all good and I will all
• 5:31
  Speaker 2: for that, because especially the Federal Reserve that I've talked
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  Speaker 2: about the most, if they're exposed, the people might wake
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  Speaker 2: up and realize we don't leave them. We got to
• 5:40
  Speaker 2: get rid of them. You know, Trump is a special
• 5:43
  Speaker 2: type of individual, and he was receptive and I think
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  Speaker 2: he's more informed, uh than you know four years ago.
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  Speaker 2: Uh So I think that that is all good and
• 5:54
  Speaker 2: uh but technology, we should use it to the hill.
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  Speaker 2: But there's a there's a there's a there's a point.
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  Speaker 2: You have to be practical. I would say some of
• 6:04
  Speaker 2: the proposals now that good technology and the following of
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  Speaker 2: cryptocurrencies and all we can solve every problem in the world.
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  Speaker 2: We could pay off all the debt. There are some
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  Speaker 2: grandiose plans with technology. People shouldn't fool themselves. Technology will
• 6:23
  Speaker 2: have limits, and we don't have to worry about where
• 6:25
  Speaker 2: the limits come from. They always come from the marketplace. Yeah.
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  Speaker 1: Well, one of the things with what Musk is doing
• 6:31
  Speaker 1: is hopefully we'll start to see a ticker or some
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  Speaker 1: sort of tracking of this back to your point of
• 6:36
  Speaker 1: why do we even need it in the first place.
• 6:38
  Speaker 1: Maybe there will be a scoring system of saying, this
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  Speaker 1: is a department or an area that we've acted, and
• 6:44
  Speaker 1: here was the score of its importance level to your point. So,
• 6:47
  Speaker 1: I think trying to get away of some of this
• 6:50
  Speaker 1: overreach on government is a great opportunity. I want to
• 6:53
  Speaker 1: play a clip for you. You'll be able to hear this
• 6:55
  Speaker 1: since Jady President or Vice President Jeddy Vance talking a
• 6:58
  Speaker 1: little bit more around on FEMA and where this might
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  Speaker 1: be going. Take a look.
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  Speaker 3: We've got to get the bureaucrats out of the way
• 7:05
  Speaker 3: and get the aid to the people who need it most.
• 7:07
  Speaker 3: FEMA in North Carolina and California and Florida with some
• 7:11
  Speaker 3: of the hurricanes has often been a disaster. And it's
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  Speaker 3: not because we don't have good people at FEMA. It's
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  Speaker 3: because bureaucratic red tape and garbage prevents the rapid deployment
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  Speaker 3: of resources to the people are now going to have
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  Speaker 3: to do this themselves. The President is trying to encourage
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  Speaker 3: us to reform the way that we deliver emergency response.
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  Speaker 4: FEMA is the emergency management agency in the United States.
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  Speaker 4: Some of you might have heard of Hurricane Sandy. The
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  Speaker 4: books took eleven years to close. Accounting took eleven years
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  Speaker 4: to close after the hurricane. Deloitte is building a system
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  Speaker 4: that will close the books in real time once the
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  Speaker 4: last payment is made, all the books are reconciled. And
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  Speaker 4: that's all possible because of the Avalanche architecture.
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  Speaker 1: All right, So the two statements there, One was of
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  Speaker 1: course at Evan's talking about the problem that we've seen
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  Speaker 1: with just the misspending, et cetera, not being able to
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  Speaker 1: really get a balanced budget out of these from FEMA.
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  Speaker 1: And then of course one of the technology architectures like Avalanche,
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  Speaker 1: who's saying, hey, we've already done this when we're doing
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  Speaker 1: it currently of being able to close these books almost
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  Speaker 1: immediately to be able to avoid many of the problems
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  Speaker 1: in terms of over expenditure and not getting it to
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  Speaker 1: the right person. Blockchain is showing that that can be done.
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  Speaker 1: Do you agree with using blockchain in those kind of
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  Speaker 1: scenarios like FEMA.
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  Speaker 2: Yeah, use it, But I think there's a bigger picture
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  Speaker 2: of the philosophy of government people. I emphasize a whole
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  Speaker 2: lot the difference between you know, natural law and nihilism,
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  Speaker 2: and you're dealing with people who don't even believe in truth.
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  Speaker 2: They pretend they look for it, but they don't even
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  Speaker 2: believe in it, and I think I think that has
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  Speaker 2: to be dealt with. I think accepting and emphasizing that
• 8:59
  Speaker 2: they're There's a principle that we follow, and that is
• 9:02
  Speaker 2: the non aggression principle. Everybody knows for as long as
• 9:06
  Speaker 2: we've had history that you're not allowed to lie, to eat, steal,
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  Speaker 2: and kill. Yet it goes on and on because there's
• 9:13
  Speaker 2: not enough people who accept those principles. And that's the
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  Speaker 2: way it's been and that's the way it'll continue. But
• 9:19
  Speaker 2: we don't want to ever endorse it. Any any reform
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  Speaker 2: that cuts back on government, government spending or increases even
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  Speaker 2: an iota of freedom. But the judicial system, I'm optimistic
• 9:33
  Speaker 2: that they're going to really help cleaning out some of
• 9:35
  Speaker 2: that message system. I think this administration is going to
• 9:39
  Speaker 2: be much better on restraining the irs. So there's a
• 9:44
  Speaker 2: lot of good things ahead. But I will always be
• 9:47
  Speaker 2: emphasizing the big picture and what was the political and
• 9:53
  Speaker 2: principle that we're dealing with.
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  Speaker 1: Well, I think to your point, you know, the bigger
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  Speaker 1: picture and a lot of this underlying government overreach that
• 10:00
  Speaker 1: we've seen for you know, really the past four decades.
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  Speaker 1: If blockchain is capable of doing this transparent audit, which
• 10:07
  Speaker 1: is really what it's designed to do. It's an open
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  Speaker 1: ledger that's able, you know, from a technology standpoint, to
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  Speaker 1: really start to advance on this. And if it does
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  Speaker 1: and can do that job, I think it solves the
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  Speaker 1: problem that you're talking about.
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  Speaker 2: Now.
• 10:20
  Speaker 1: I want to jump over to something that I think
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  Speaker 1: is a passion of years, and that is the Federal Reserve,
• 10:27
  Speaker 1: whether we audit the FED or in the FED. Here's
• 10:30
  Speaker 1: a YouTube video of you talking about this fifteen years ago,
• 10:34
  Speaker 1: so you've been at it for a while. In reference
• 10:36
  Speaker 1: to the FED itself, what would be better, right, now
• 10:38
  Speaker 1: auditing truly auditing the FED, or just eliminating it in
• 10:43
  Speaker 1: some way. I know that those are two crazy ideas,
• 10:46
  Speaker 1: but they could actually become reality. Your thoughts.
• 10:51
  Speaker 2: Well, the thing you could do, and it should have
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  Speaker 2: never been started. So we have, for moral reasons and
• 10:58
  Speaker 2: economic reasons, constitutional reasons, we should never have had it.
• 11:03
  Speaker 2: And they argue from the very beginning, Hamilton and Jefferson
• 11:06
  Speaker 2: argued the case, so audit. I do the audit because
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  Speaker 2: it's a practical step to wake people up, and I could,
• 11:15
  Speaker 2: I could. We've got to build passed in the House
• 11:18
  Speaker 2: a couple of times, and even now Trump is uh,
• 11:21
  Speaker 2: you know, given verbal support to it. So it's it's
• 11:25
  Speaker 2: mentioned daily. If there's an accounting procedure that can get
• 11:29
  Speaker 2: that information out, that would be the only reason it
• 11:32
  Speaker 2: shouldn't be there. Just to make government efficient and distribution
• 11:36
  Speaker 2: of money, I want them to a ship. They don't
• 11:39
  Speaker 2: don't need the Department of Education all the way down.
• 11:42
  Speaker 2: You don't want technology making the Department of Education a
• 11:47
  Speaker 2: more efficient. You know that that's that's that's going in
• 11:52
  Speaker 2: the wrong direction.
• 11:53
  Speaker 1: Yeah, I think what's going to happen here, doctor Paul,
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  Speaker 1: is that blockchain or the technology is going to open
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  Speaker 1: up the reality of what's really going on, because right
• 12:01
  Speaker 1: now we have no transparency. To that point, I want
• 12:05
  Speaker 1: to jump over to taxes and tariffs here before we
• 12:07
  Speaker 1: let you go, And the first thing I want to
• 12:09
  Speaker 1: hit on is Eric Trump talked a little bit about this.
• 12:13
  Speaker 1: He's saying that it's possible that there is a confirmation
• 12:16
  Speaker 1: that US based crypt This is talking about crypto projects,
• 12:19
  Speaker 1: but in general they could be talking about IRS, but
• 12:21
  Speaker 1: American based crypto projects could be benefiting from zero capital
• 12:25
  Speaker 1: gains tax. Now, if we see that kind of potential
• 12:28
  Speaker 1: there on an investment such as that, it's likely that
• 12:31
  Speaker 1: we'll see others of eliminating capital gains tax on certain
• 12:35
  Speaker 1: types of investments. What are your thoughts on how that
• 12:39
  Speaker 1: could be done and do you think this will actually happen.
• 12:45
  Speaker 2: I think it might happen to a degree. But I
• 12:48
  Speaker 2: would get rid of all these capital gains taxes. Why
• 12:52
  Speaker 2: not do it just on real estate and it might
• 12:56
  Speaker 2: benefit more families, So those taxes, we should have those
• 13:00
  Speaker 2: type of taxes and then we wouldn't have to worry
• 13:02
  Speaker 2: about it. But a lot of people give me the
• 13:05
  Speaker 2: credit for really starting the whole thing, because I emphasized
• 13:09
  Speaker 2: the fact the dollars in danger. It's illegal, it's unconstitutional,
• 13:12
  Speaker 2: and it ought to be legal to compete with it.
• 13:15
  Speaker 2: And I have had a bill and that allow the
• 13:17
  Speaker 2: people to use the compedia as long as you don't
• 13:20
  Speaker 2: use fraud. But we also have encouraged many states now
• 13:24
  Speaker 2: have said, you know, you can't have sales taxes or
• 13:28
  Speaker 2: capital taxes on anything artificial that you use or any
• 13:35
  Speaker 2: money like they were taxing gold and silver. You go
• 13:39
  Speaker 2: out and buy money, they taxes see I see debts
• 13:44
  Speaker 2: as and inflation. You have to liquidate it. You have
• 13:49
  Speaker 2: to liquidate the mal investment and letting that that be
• 13:54
  Speaker 2: cleansed out so you can go back on an individual
• 13:56
  Speaker 2: who's bankrupt. They can't keep borrowing money from the government.
• 14:00
  Speaker 2: Governments keep borrowing by stealing it from the people, exactly
• 14:04
  Speaker 2: by printing money. And that asked the stop. The founders
• 14:08
  Speaker 2: knew about it, They knew about the Continental dollar, and
• 14:10
  Speaker 2: they put those prohibitions in there.
• 14:13
  Speaker 1: Yeah, exactly. You mentioned the Continental dollar. That's interesting for
• 14:16
  Speaker 1: those of you watching right now. You should go out
• 14:17
  Speaker 1: and do some research on that, really understand the history
• 14:20
  Speaker 1: of the monetary system, because it'll surprise you a little
• 14:23
  Speaker 1: bit on really where we are today, how we ever
• 14:25
  Speaker 1: got here is going to be a good question. I
• 14:27
  Speaker 1: want to ask this last couple of questions to you. TikTok.
• 14:31
  Speaker 1: We've had Trump talk about this before, saying that he
• 14:34
  Speaker 1: was going to ban it, then he wasn't going to
• 14:36
  Speaker 1: ban it. He's now seeming to be a little bit
• 14:38
  Speaker 1: lighter on China about possibly banning TikTok, giving it a
• 14:43
  Speaker 1: ninety day stay. What is your opinion should we ban TikTok?
• 14:47
  Speaker 1: What do you think could happen here?
• 14:49
  Speaker 2: Well, we shouldn't ban it. That's why we're not in
• 14:53
  Speaker 2: the business. We shouldn't be in the business of doing that.
• 14:56
  Speaker 2: But that would apply to my rules apply to it.
• 15:00
  Speaker 2: If there's fraud involved, you ought to do something about it,
• 15:03
  Speaker 2: and you can have authorities to do that. So I
• 15:06
  Speaker 2: think that, I mean, I wanted to go freely, But
• 15:13
  Speaker 2: what about the president. It bothers me how much power
• 15:16
  Speaker 2: has gone to the president. You know, within minutes he
• 15:19
  Speaker 2: can announce Okay, yeah, we're going to ban it. They
• 15:22
  Speaker 2: can't do that. Okay, we'll do this. Okay, we're going
• 15:26
  Speaker 2: to tell you that a country what to do. Five
• 15:29
  Speaker 2: minutes later, he raises teriffs on that country. The president
• 15:32
  Speaker 2: shouldn't be able to announce one day something here and
• 15:35
  Speaker 2: something the other. It should be it should be done by,
• 15:39
  Speaker 2: you know, the way the free market is done.
• 15:42
  Speaker 1: Well, if if if TikTok does get a you know,
• 15:46
  Speaker 1: whether it's forced to divest to American companies. And there
• 15:50
  Speaker 1: are companies out here now within the blockchain space that
• 15:54
  Speaker 1: believe they can expose and also show that this is
• 15:57
  Speaker 1: something that you know, we were having problems. For a
• 16:01
  Speaker 1: standpoint of national security, I think it would get to
• 16:04
  Speaker 1: your point. If there's nefarious situations that are taking place,
• 16:08
  Speaker 1: yes we should do something about those, but I think
• 16:11
  Speaker 1: blockchain will most likely change that. Last question to you
• 16:15
  Speaker 1: is tariffs. What is your position on Trump's tariff? It
• 16:19
  Speaker 1: seems to be affinity to really just using tariffs as
• 16:23
  Speaker 1: a complete elimination of taxes, which I think would lean
• 16:27
  Speaker 1: towards the libertarian side, but at the same time that
• 16:30
  Speaker 1: would have an effect on the United States GDP and
• 16:34
  Speaker 1: just the economy itself. What are your thoughts.
• 16:36
  Speaker 2: I think, as a dream, if you can put tariffs,
• 16:39
  Speaker 2: which is a tax, and eliminate taxes, I mean, and
• 16:43
  Speaker 2: you're going to have tariff wars. They have never been good,
• 16:46
  Speaker 2: all the way back even before Adam Smith. He says,
• 16:50
  Speaker 2: where you have that mercantilism and protectionism, you have more wars.
• 16:56
  Speaker 2: And I believe that where goods and services cross borders,
• 17:00
  Speaker 2: you're not likely to fight, and there's more of that
• 17:02
  Speaker 2: when you start having these regulations. So I think tariffs
• 17:06
  Speaker 2: are taxes, and unfortunately, like it's like the inflation tax,
• 17:11
  Speaker 2: the rich benefit from the inflation by the FED. The
• 17:14
  Speaker 2: people who suffer the most are the people who pay
• 17:17
  Speaker 2: the who get suffered with a high income. That's the
• 17:20
  Speaker 2: poor and the middle class. The same way with tariffs.
• 17:23
  Speaker 2: The people products are going to go up. No, the
• 17:26
  Speaker 2: market is too big and too wonderful. You've got to
• 17:29
  Speaker 2: believe that the marketplace. Just like I started the program
• 17:34
  Speaker 2: by saying it was the market, it was the judicial
• 17:37
  Speaker 2: system when the people voted, that was the jury that
• 17:40
  Speaker 2: was finally coming to common sense with that crazy stuff
• 17:44
  Speaker 2: on all those charges against the president.
• 17:46
  Speaker 1: All right, well, doctor Paul, it's been great having you
• 17:50
  Speaker 1: on today. Thank you so much for your insights. We
• 17:52
  Speaker 1: do appreciate the time. So thanks for stopping in.
• 17:55
  Speaker 2: Great nice to be with you.
• 17:56
  Speaker 1: You bet all right. You guys, if you are not
• 17:59
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• 18:05
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• 18:12
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• 18:13
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• 18:15
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