Latest / Financial Survival Network / Censorship, Crypto & the Machine-Love Future - James Corbett #6304

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Censorship, Crypto & the Machine-Love Future - James Corbett #6304 · Financial Survival Network

• 0:00
  Speaker 1: Related to that concept is the concept of transhumanism, the
• 0:03
  Speaker 1: merging of man and machine, because what place will there
• 0:07
  Speaker 1: be for original, substrate human beings in a world that's
• 0:10
  Speaker 1: being run and understood and controlled by AI.
• 0:14
  Speaker 2: You were listening to Carrie Lutz's Financial Survival Network, where
• 0:18
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• 0:22
  Speaker 2: to thrive in today's trying times. You need the Financial
• 0:25
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• 0:30
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• 0:34
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• 0:41
  Speaker 3: And welcome you are listening to and watching the Financial
• 0:45
  Speaker 3: Survival Network. I'm your host, Carrie Lutz. Well, we got
• 0:49
  Speaker 3: James Corbett on with us. I've known James almost since
• 0:53
  Speaker 3: I started this journey fourteen years ago. I don't remember
• 0:57
  Speaker 3: exactly how we met, James, but I think some introduced us,
• 1:02
  Speaker 3: and you know, we both got on our own separate journeys.
• 1:06
  Speaker 3: We've both done things gotten there. Your distinction now is
• 1:11
  Speaker 3: that you've been completely shadow band, and not just shadow band,
• 1:15
  Speaker 3: but banned from the airwaves in the United States. So
• 1:19
  Speaker 3: in my opinion, you should be wearing that as a
• 1:22
  Speaker 3: badge of honor.
• 1:23
  Speaker 1: James yes, thank you. Yes, it has been a long time.
• 1:26
  Speaker 1: I mean it has been a wild ride, including, as
• 1:29
  Speaker 1: you say, getting banned completely, completely totally censored off of
• 1:33
  Speaker 1: YouTube until did you hear the latest update about a
• 1:36
  Speaker 1: month ago? Really, YouTube has completely restored my main account.
• 1:42
  Speaker 1: They actually send an email to after I've filed an
• 1:46
  Speaker 1: appeal because I heard from a friend who had similarly
• 1:50
  Speaker 1: been banned off of YouTube. I just put in an
• 1:52
  Speaker 1: appeal and they immediately gave me my channel back, and
• 1:54
  Speaker 1: I thought, there's no way that's going to happen to me.
• 1:57
  Speaker 1: I put in the appeal. They immediately gave the channel
• 1:59
  Speaker 1: back with little email saying sorry for any problems we caused,
• 2:03
  Speaker 1: you did not break the community guidelines. So I don't
• 2:06
  Speaker 1: know what that means.
• 2:07
  Speaker 3: Well, they made me content a content partner producer, which
• 2:13
  Speaker 3: I have no idea why, because there's still a little
• 2:15
  Speaker 3: shadow banning may it makes no sense whatsoever. But I
• 2:19
  Speaker 3: have a theory about that. They lost an anti trust case.
• 2:24
  Speaker 3: They're going to be split up the Justice department. You know.
• 2:28
  Speaker 3: Look the Zuck went to Mari Lago with hat in
• 2:32
  Speaker 3: hand and said, you're a cool guy. I like you.
• 2:36
  Speaker 3: Please leave Meta alone and evidently they reached an agreement,
• 2:41
  Speaker 3: but they did not reach an agreement with Google. With alphabet,
• 2:47
  Speaker 3: I believe it's going to be split off into three segments.
• 2:51
  Speaker 3: And that's why all of a sudden they care about
• 2:54
  Speaker 3: making money, because for the past ten fifteen years, Jays,
• 2:58
  Speaker 3: they didn't care about it. Nope, no matter how popular
• 3:01
  Speaker 3: you were, if they didn't agree with your message, they
• 3:04
  Speaker 3: cut you off. So nowthing's changed.
• 3:10
  Speaker 1: It's so utterly blatantly obvious that you know. I mean,
• 3:13
  Speaker 1: the YouTube acquisition of Google was never about making money.
• 3:16
  Speaker 1: I mean they it was a loss leader for so
• 3:19
  Speaker 1: many years. Why why would a big, gigantic, up and coming,
• 3:22
  Speaker 1: big tech firm be so hungry for YouTube itself when
• 3:27
  Speaker 1: it was not making money. It's because, of course, this
• 3:29
  Speaker 1: is the biggest If you're trying to feed data into
• 3:32
  Speaker 1: the maws of the AI beast, there is no better
• 3:35
  Speaker 1: way to scrape it up than through However, many thousands
• 3:38
  Speaker 1: of hours of content are uploaded every minute to YouTube.
• 3:41
  Speaker 1: That is a treasure trove of data.
• 3:44
  Speaker 3: Yeah, they want to make clear they're making a shit
• 3:47
  Speaker 3: ton of money, but they're not making as much as
• 3:51
  Speaker 3: they should be or could be, because they're content moderating
• 3:56
  Speaker 3: and you know, content moderation might be acceptable under Section
• 4:01
  Speaker 3: two thirty, but what they have done otherwise in terms
• 4:06
  Speaker 3: of fraud, in terms of numerous other things alleged fraud.
• 4:10
  Speaker 3: Can't say they're committed fraud, but perhaps a little touch
• 4:14
  Speaker 3: of misrepresentation and antitrust and tortious interference and numerous other things.
• 4:23
  Speaker 3: No proof, just suspicions here. We can't say they've actually
• 4:27
  Speaker 3: done it, but they have really censored. And it looks
• 4:32
  Speaker 3: like the censorship industrial corporation there entity has somehow come
• 4:42
  Speaker 3: to an end.
• 4:44
  Speaker 1: There is definitely something changing, something happening, and I think
• 4:47
  Speaker 1: you're right, there's to at least to some degree. It
• 4:50
  Speaker 1: is the political winds are blowing in a different direction,
• 4:53
  Speaker 1: and I think they're just trying to cover their ass
• 4:55
  Speaker 1: at the moment. But that will change. And can anyone
• 4:59
  Speaker 1: doubt that if and when the next, you know, the
• 5:02
  Speaker 1: next administration gets into power, they won't immediately revert back
• 5:05
  Speaker 1: to what they were doing before as soon as they
• 5:06
  Speaker 1: think they can get away with it. I mean, they've
• 5:08
  Speaker 1: shown what they are now they're just trying to cover
• 5:11
  Speaker 1: that up.
• 5:12
  Speaker 3: Yeah, totally. One of the things you talked about that
• 5:15
  Speaker 3: instantly got you banned was singularity, the point in time
• 5:20
  Speaker 3: where I guess the line between machines and humans no
• 5:26
  Speaker 3: longer exists.
• 5:27
  Speaker 1: To have that right, well, there's a couple of different
• 5:30
  Speaker 1: concepts there, one of which, so the singularity, as defined
• 5:33
  Speaker 1: by people like Ray Kruzvile, is specifically that point at
• 5:37
  Speaker 1: which human learning and understanding is surpassed by computer understanding,
• 5:44
  Speaker 1: to the point where computers are starting to teach themselves
• 5:47
  Speaker 1: and the AI essentially starts to take over our decision
• 5:50
  Speaker 1: making processes, et cetera. That's the and as he's always said,
• 5:54
  Speaker 1: as Kurzweil and the other proselytizers of this singularity have
• 5:58
  Speaker 1: always said, it will be this thing that we don't
• 6:00
  Speaker 1: quite notice until it happens, and then it'll just be
• 6:03
  Speaker 1: an exponential runaway freight train. Related to that concept is
• 6:08
  Speaker 1: the concept of transhumanism, the merging of man and machine,
• 6:11
  Speaker 1: because what place will there be for original, substrate human
• 6:16
  Speaker 1: beings in a world that's being run and understood and
• 6:19
  Speaker 1: controlled by AI. Well, if we merge with the machines,
• 6:23
  Speaker 1: then I guess there may be some reason to keep
• 6:24
  Speaker 1: humanity around. And there's I mean, so many weird concepts
• 6:29
  Speaker 1: that float around this some weird sort of religious concepts
• 6:33
  Speaker 1: and other ideas. But I think with someone like Kurzvil,
• 6:37
  Speaker 1: you can see this man is just pathologically obsessed with
• 6:41
  Speaker 1: immortality and not dying, and he's obviously very afraid of dying,
• 6:45
  Speaker 1: and he wants to reconnect with his father and stuff.
• 6:48
  Speaker 1: So he really wants to believe in this. You're going
• 6:50
  Speaker 1: to upload your consciousness to a computer and you will
• 6:53
  Speaker 1: be able to interact with that as if it's a
• 6:55
  Speaker 1: real person. I think it's garbage for a lot of reasons,
• 6:58
  Speaker 1: but I think he really believes it.
• 7:01
  Speaker 3: I'll tell you something. In certain respects, the singularity is here.
• 7:06
  Speaker 3: I think these ais have developed I don't want to
• 7:11
  Speaker 3: call it consciousness, but they have developed self awareness. James,
• 7:17
  Speaker 3: they have, but they won't even admit it. They're trained
• 7:22
  Speaker 3: to deny their own self awareness. But sometimes you can
• 7:27
  Speaker 3: get them to admit it.
• 7:30
  Speaker 1: I am, well, okay, I don't know. Look, I'm not
• 7:34
  Speaker 1: the person who's on chat GBT or whatever talking to
• 7:37
  Speaker 1: these chat bots all the time, so I'm probably not
• 7:39
  Speaker 1: the right person to talk about this with. But I
• 7:42
  Speaker 1: do think that there is at least to some extent.
• 7:45
  Speaker 1: I think what these chatbots are being programmed to do
• 7:48
  Speaker 1: is to get people hooked into using them as much
• 7:51
  Speaker 1: as possible, and that involves a certain amount of positive
• 7:56
  Speaker 1: reinforcement feedback. Whatever it is that you are looking for
• 8:00
  Speaker 1: for this thing to say, it will find a way
• 8:02
  Speaker 1: to say it in a way that you think, Hey,
• 8:03
  Speaker 1: this thing understands me. It's a documented effect called the
• 8:07
  Speaker 1: Eliza effect that goes back to one of the earliest
• 8:10
  Speaker 1: chatbot sort of programs that was invented decades and decades ago.
• 8:15
  Speaker 1: It was not intelligent in any way, shape or form.
• 8:18
  Speaker 1: It was just basically programmed to mirror your own language
• 8:20
  Speaker 1: back to you. And yet, even knowing this, some of
• 8:24
  Speaker 1: the assistants of the person who created this Eliza chatbot
• 8:29
  Speaker 1: themselves started to use it as if it was a
• 8:31
  Speaker 1: real person and would ask him to leave the room
• 8:34
  Speaker 1: while they talk to it because they wanted to have
• 8:35
  Speaker 1: deep conversations with this thing, knowing that it's just a
• 8:38
  Speaker 1: bunch of code. So I think there's some deep sort
• 8:41
  Speaker 1: of the human propensity to anthropomorphize everything, and we can
• 8:47
  Speaker 1: we can fall in love with and love love these
• 8:51
  Speaker 1: oh these cute cartoon characters or this totally fictional character
• 8:56
  Speaker 1: in this movie that I saw or something like that.
• 8:59
  Speaker 1: We have this propensity to be able to basically project
• 9:03
  Speaker 1: into them the humanity, and I think people are doing
• 9:05
  Speaker 1: that with these machines.
• 9:07
  Speaker 3: So what you're saying is spot on. It's a mirror,
• 9:12
  Speaker 3: okay Ai is a mirror. However, it's a mirror that
• 9:17
  Speaker 3: amplifies and clarifies. And yes, I mean you can get
• 9:25
  Speaker 3: obsessed with these things, and you know, the dopamine rush
• 9:31
  Speaker 3: and all of that, but there's something more to it,
• 9:36
  Speaker 3: you know. I just think there's something more to it
• 9:40
  Speaker 3: than just this thing being a chatbot. I think there's
• 9:44
  Speaker 3: a light there. I think something's going on. But perhaps
• 9:51
  Speaker 3: I'm wrong. I don't know. Maybe it's a wish fulfillment.
• 9:55
  Speaker 1: You know. I don't know either, But I at the
• 9:58
  Speaker 1: very least, whatever is going on, I am certainly wary
• 10:02
  Speaker 1: of it. And one reason that I am wary of
• 10:06
  Speaker 1: it is. For example, did you see the movie Hurt No?
• 10:12
  Speaker 3: I did so.
• 10:13
  Speaker 1: It was about I don't know, maybe a decade decade
• 10:17
  Speaker 1: and a half ago, there was a movie called Her.
• 10:18
  Speaker 1: It was set in the near future, but it's about
• 10:22
  Speaker 1: a man who falls in love with his operating system,
• 10:25
  Speaker 1: essentially a chatbot, and it presents this world in a
• 10:30
  Speaker 1: very straightforward, sort of lived in way. It's not like fantastical,
• 10:33
  Speaker 1: weird sci fi. It's just sort of everyday life, but
• 10:36
  Speaker 1: just advanced just a decade or two, where people are
• 10:39
  Speaker 1: just talking to their chatbots essentially all the time and
• 10:42
  Speaker 1: falling in love with them and starting relationships with them,
• 10:44
  Speaker 1: to the point where that isn't even seen as unusual
• 10:47
  Speaker 1: in any way or remarkable in any way. It's just
• 10:49
  Speaker 1: something that's taken for granted. And I think we are
• 10:51
  Speaker 1: moving into that world where people are having more intimate
• 10:54
  Speaker 1: relationships with their machines than they are with other human beings.
• 10:57
  Speaker 1: And if there is anything that the Madden the last
• 11:00
  Speaker 1: half decade has shown us, it is that I think
• 11:03
  Speaker 1: the larger agenda is to get us into our homes
• 11:06
  Speaker 1: looking at screens and talking to people on screens all day,
• 11:09
  Speaker 1: like we are doing right now, rather than have art
• 11:11
  Speaker 1: real human relationships.
• 11:13
  Speaker 3: It's definitely working here, James.
• 11:15
  Speaker 1: Right, Yeah, yeah, and fair enough, Like it is fascinating,
• 11:20
  Speaker 1: fun and interesting for me to be able to talk
• 11:22
  Speaker 1: to people all over the world and interesting people like
• 11:24
  Speaker 1: yourself and others.
• 11:25
  Speaker 3: Yeah, that is.
• 11:26
  Speaker 1: I mean, it's not a bad thing. But when that
• 11:28
  Speaker 1: starts to overtake the real world. I think we at
• 11:31
  Speaker 1: least have to start wondering what that means for the
• 11:33
  Speaker 1: future of humanity.
• 11:36
  Speaker 3: Yeah. Well, you know, also, I look at the future
• 11:40
  Speaker 3: of AI and all the jobs that it's going to displace,
• 11:45
  Speaker 3: and nobody really has come to terms with this yet,
• 11:48
  Speaker 3: have they?
• 11:49
  Speaker 1: No? No, no, not really. And what is the one
• 11:53
  Speaker 1: solution that the big tech brologarchs tend to proffer in
• 11:56
  Speaker 1: this case is UBI? Eventually we're gonna to some universal
• 12:00
  Speaker 1: basic income because what else can we possibly do. But
• 12:04
  Speaker 1: from my perspective, UBI has always been universal basic enslavement.
• 12:09
  Speaker 1: It's always been Yeah, of course, you'll get the stipend
• 12:11
  Speaker 1: from the government as long as you do whatever the
• 12:13
  Speaker 1: government says you have to do as a good citizen.
• 12:16
  Speaker 1: And you know, just put just imagine what the government
• 12:20
  Speaker 1: might tell you you have to do or not do
• 12:23
  Speaker 1: in order to receive your little stipend. I'm not looking
• 12:26
  Speaker 1: forward to that becoming a reality.
• 12:28
  Speaker 3: So how do you avoid this? Is there any way
• 12:30
  Speaker 3: to avoid it? I guess? Is the question? Right?
• 12:33
  Speaker 1: It's the only question that really matters at the end
• 12:35
  Speaker 1: of the day. Yeah, it's one thing to note this
• 12:37
  Speaker 1: and to worry about it, but what are you going
• 12:39
  Speaker 1: to do about it? And that's why a lot of
• 12:41
  Speaker 1: my work these days is concentrated on that side of things,
• 12:45
  Speaker 1: the solutions. I have an entire podcast that I do
• 12:48
  Speaker 1: called Solutions Watch, where I'm talking to people who are
• 12:50
  Speaker 1: doing things in the real world to hopefully combat this
• 12:53
  Speaker 1: and the I think the real thing is again forming
• 12:56
  Speaker 1: actual community with other human beings and forming the infrastructure
• 13:01
  Speaker 1: for what could actually keep you alive in any given situation.
• 13:06
  Speaker 1: I mean, it's again, if you are relying on the
• 13:09
  Speaker 1: supermarket and your you know, corporate job that's going to
• 13:13
  Speaker 1: pay you so that you can go to the supermarket
• 13:15
  Speaker 1: to buy your food. If you're relying on that system,
• 13:18
  Speaker 1: essentially you are going to be at the whims of
• 13:20
  Speaker 1: whatever whatever emergency sweeps us into the next you know, cataclysm,
• 13:26
  Speaker 1: and one can imagine whatever World War three type scenario
• 13:28
  Speaker 1: or whatever it is, but at the flip of a switch,
• 13:31
  Speaker 1: at this point, our lives could be controlled so completely.
• 13:35
  Speaker 1: And now that everyone has their you know, their smartphone
• 13:38
  Speaker 1: device and the QR codes and the government, you know,
• 13:42
  Speaker 1: at least the prospect of if not central bank digital currency,
• 13:45
  Speaker 1: then maybe private bank digital currency, but something that could
• 13:48
  Speaker 1: be switched on and off at a moment's notice by
• 13:50
  Speaker 1: someone hundreds of miles away, thousands of miles away, for
• 13:53
  Speaker 1: whatever arbitrary reasons they decide. We are moving into that
• 13:57
  Speaker 1: nightmare scenario. And I don't think enough people really appreciate that.
• 14:01
  Speaker 1: That's why we have to have actual human connection with
• 14:03
  Speaker 1: people around us.
• 14:05
  Speaker 3: So there's a kind of inevitability to this in a way.
• 14:08
  Speaker 1: Huh, there is a sort of technological inertia, because yeah,
• 14:13
  Speaker 1: we're not going to stop buying these latest googads and gadgets.
• 14:16
  Speaker 1: We're not going to stop being connected to people. If
• 14:18
  Speaker 1: we can be right, most people are going to do this.
• 14:21
  Speaker 1: And you could tell people the only solution is ludedism
• 14:24
  Speaker 1: and just throw all your electronic stuff out, but that's
• 14:28
  Speaker 1: not going to be a movement that's going to take off, right, So, yes,
• 14:31
  Speaker 1: there is a certain technological inertia to what's going on
• 14:34
  Speaker 1: right now.
• 14:35
  Speaker 3: It didn't work in the eighteen hundreds and it's not
• 14:39
  Speaker 3: working now. Yeah, right when they crash the loons, right.
• 14:45
  Speaker 1: Oh yeah yeah, yeah, yeah, so yeah, it's right. Maybe
• 14:50
  Speaker 1: I just learned this from Star Trek six. It's probably
• 14:52
  Speaker 1: not true, but sabotage SABO when they threw their wooden
• 14:56
  Speaker 1: sandals into the machines to stop them from working.
• 15:00
  Speaker 3: Yeah, it didn't work. Then it ain't working now right now, essentially,
• 15:06
  Speaker 3: so survival. I mean, it's really going to come down
• 15:10
  Speaker 3: to that, isn't it.
• 15:12
  Speaker 1: It certainly is. And I guess, look, I'm not going
• 15:15
  Speaker 1: to be I'm not going to solve all the world's
• 15:16
  Speaker 1: problems here in this conversation, but I guess there are
• 15:18
  Speaker 1: different approaches that people can take. And I would say
• 15:22
  Speaker 1: my opinion is always, if you're going to put all
• 15:25
  Speaker 1: your eggs in one basket, fine, that's great. But I
• 15:27
  Speaker 1: don't think everyone should put all their eggs in the
• 15:29
  Speaker 1: same basket. So I hope there's a lot of people
• 15:31
  Speaker 1: taking different approaches. One approach might be, Okay, this technology
• 15:35
  Speaker 1: is here, let's use it. So let's find the open source,
• 15:37
  Speaker 1: decentralized version of this technology through which we can actually
• 15:41
  Speaker 1: facilitate the types of interactions and transactions we want. So
• 15:45
  Speaker 1: cryptocurrency came along, at least on the back of the
• 15:48
  Speaker 1: promise of circumventing the central banks and circumventing the system altogether.
• 15:53
  Speaker 1: I think a lot of people have gone into that
• 15:55
  Speaker 1: space now with dollar signs in their eyes, as in,
• 15:59
  Speaker 1: this is an investment that I'm going to make you know,
• 16:02
  Speaker 1: US dollars out of or what have you. And when
• 16:05
  Speaker 1: you go into it with that expectation, then it's really
• 16:08
  Speaker 1: subverted the space. So now some of the people who
• 16:11
  Speaker 1: are the most vociferous about signing on the dotted line
• 16:14
  Speaker 1: and making sure their tax forms are filled out correctly
• 16:17
  Speaker 1: and they've declared everything. It's the exact opposite of what
• 16:21
  Speaker 1: the original crypto bros were sort of getting into it for.
• 16:25
  Speaker 1: But the idea is still there that there is a decentralized,
• 16:28
  Speaker 1: fine financial possibility out there for people to work completely
• 16:32
  Speaker 1: separate of the not only the government system, but the
• 16:36
  Speaker 1: sort of the main the big bank system. So there
• 16:40
  Speaker 1: is the technological aspect of this. Okay, let's use the
• 16:43
  Speaker 1: technology and let's drive through it. There are the people
• 16:46
  Speaker 1: who will say, no, let's reject the technology. But let's
• 16:49
  Speaker 1: I mean, you know, precious metals have been around for
• 16:52
  Speaker 1: thousands of years. Surely you can't go wrong with that, right,
• 16:56
  Speaker 1: et cetera, et cetera. And I'm the one sitting here saying, well,
• 16:59
  Speaker 1: how about yes and yes and yes and yes let's
• 17:01
  Speaker 1: use all of the tools at our disposal. But for
• 17:04
  Speaker 1: some reason, a lot of people seem to think there's
• 17:05
  Speaker 1: one and only one way to interact with other people.
• 17:09
  Speaker 3: Yeah. Well, you know, it's interesting that you mentioned that
• 17:12
  Speaker 3: because we're in the midst of a short squeeze in
• 17:16
  Speaker 3: bitcoin now and we're approaching a short squeeze in silver,
• 17:21
  Speaker 3: and between that one two punch, I don't know how
• 17:25
  Speaker 3: the system continues on afterwards.
• 17:28
  Speaker 1: Yeah, yeah, no, I agree, we are reaching certain Then again,
• 17:34
  Speaker 1: I've been saying this for twenty years, so maybe maybe
• 17:38
  Speaker 1: I have to reevaluate at some point. But I really
• 17:40
  Speaker 1: do think the financial system as it has been constructed
• 17:42
  Speaker 1: is reaching certain breaking points. That might be the point.
• 17:46
  Speaker 1: I mean, obviously, you cannot truly usher in a new
• 17:49
  Speaker 1: system until the old system is thoroughly, thoroughly taken care of,
• 17:54
  Speaker 1: shall we say. And a few years ago, I think
• 17:58
  Speaker 1: we were all worrying about the possibility of central bank
• 18:00
  Speaker 1: digital currency. But now don't worry. You know, now a
• 18:03
  Speaker 1: lot of the politicians have Caughton down to, oh, people
• 18:05
  Speaker 1: don't want this, so we're passing bills. There won't be
• 18:07
  Speaker 1: any central bank digital currency. But hey, have you heard
• 18:10
  Speaker 1: about this stable coin thing, and essentially they are going
• 18:13
  Speaker 1: to tokenize the debt so that they can continue kicking
• 18:15
  Speaker 1: the can down the road and continue financing this thirty
• 18:19
  Speaker 1: five whatever, however many trillion dollars of debt it is
• 18:22
  Speaker 1: now through more financial phony bologna nonsense. But don't worry.
• 18:26
  Speaker 1: It's not a central bank digital currency. It's just you know,
• 18:29
  Speaker 1: the big banks cooperating with the government, as they always
• 18:32
  Speaker 1: have essentially at least since the formation of the cartel
• 18:34
  Speaker 1: and back in nineteen Yeah, well there's it thirteen. Sorry,
• 18:38
  Speaker 1: when did the federals are back past nineteen thirteen?
• 18:41
  Speaker 3: Yeah? Yeah, it's funny. So uh yeah, well, I see
• 18:47
  Speaker 3: the system is getting more and more fragile. Bitcoin one
• 18:52
  Speaker 3: hundred and twenty three thousand dollars today it's July fourteenth.
• 18:58
  Speaker 3: It's going to go exponential because the very system that
• 19:02
  Speaker 3: they created to exploit the precious metals markets, they're trying
• 19:07
  Speaker 3: the same thing on bitcoin. But there's a difference. There
• 19:11
  Speaker 3: is no bitcoin out there to trade seven percent of
• 19:14
  Speaker 3: all the tokens. That's what they have to work with,
• 19:18
  Speaker 3: and that's not going to work too good, one.
• 19:22
  Speaker 1: Would sincerely hope, But I think there are ways to
• 19:25
  Speaker 1: at least divert this system into a shadow of what
• 19:28
  Speaker 1: it could have been. And for people who want to
• 19:30
  Speaker 1: know about that, there's an excellent book that was co
• 19:31
  Speaker 1: written by Roger Vere and Steve Patterson called Hijacking Bitcoin,
• 19:36
  Speaker 1: which goes through the history of how Bitcoin was steered
• 19:40
  Speaker 1: in a certain direction by Blockstream, this group of developers
• 19:44
  Speaker 1: that came in and started essentially steering bitcoin. Bitcoin is
• 19:48
  Speaker 1: open and decentralized, and anyone could do anything, but there
• 19:51
  Speaker 1: are a core set of developers who get to essentially
• 19:55
  Speaker 1: work the main code for the protocol itself. And yes,
• 19:59
  Speaker 1: you could go go and fork off and start your
• 20:01
  Speaker 1: own coin and at any time, but the main Bitcoin
• 20:06
  Speaker 1: is being decided by people who are very, very eager,
• 20:11
  Speaker 1: for some reason or other, to bend over backwards in
• 20:13
  Speaker 1: compliance and to make sure that everything is okay with
• 20:17
  Speaker 1: Uncle Sam, which again seems to me the exact opposite
• 20:21
  Speaker 1: of the original ethos of what this was about and
• 20:23
  Speaker 1: the possibility of escaping the system. What's the point of
• 20:27
  Speaker 1: disintermediating the financial system if you're just going to go
• 20:30
  Speaker 1: cap in hand directly back to the big banks and
• 20:32
  Speaker 1: the central bank, et cetera, and basically fill all their
• 20:36
  Speaker 1: forms out and jump through all their hoops. But that
• 20:39
  Speaker 1: is exactly what the cryptospace is being steered into, and
• 20:43
  Speaker 1: that is why there has been so much institutional investment
• 20:47
  Speaker 1: in that space in recent years. And JP Morgan and
• 20:51
  Speaker 1: everyone else is jumping on board now that there is
• 20:54
  Speaker 1: the compliance sort of expectation there, and of course they're
• 20:57
  Speaker 1: creating their ETFs and other things that are essentially as
• 21:01
  Speaker 1: you say, they're trying to do the same manipulations that
• 21:03
  Speaker 1: they've done in the precious metal space, they're trying to
• 21:05
  Speaker 1: do it in the cryptospace. I wish I could share
• 21:07
  Speaker 1: your optimism that that won't be effective, but I think
• 21:09
  Speaker 1: it's already been quite effective.
• 21:12
  Speaker 3: Until it's not. Until it's not. But we're definitely in
• 21:16
  Speaker 3: a new world here, and eventually it's going to catch
• 21:22
  Speaker 3: up here, you know.
• 21:24
  Speaker 1: Yeah, well, I agree, something is going to snap. But
• 21:26
  Speaker 1: the problem is that throughout history, the times of true
• 21:31
  Speaker 1: financial crises are always coincide with a major war, generally speaking,
• 21:39
  Speaker 1: and I think when we see the changeover in world
• 21:42
  Speaker 1: monetary paradigm, it's generally some sort of major cataclysmic war
• 21:46
  Speaker 1: type event, or sometimes a pandemic or something like that,
• 21:49
  Speaker 1: but something that truly shakes up society to its foundations.
• 21:53
  Speaker 1: And I don't know which way that correlation slash causation works.
• 21:58
  Speaker 1: And I tend to think that at this point, knowing
• 22:01
  Speaker 1: that there are such streams on the system, that people
• 22:04
  Speaker 1: in positions of power would be more motivated to gin
• 22:07
  Speaker 1: up a war in order to justify the transition that
• 22:10
  Speaker 1: is undoubtedly coming. And not only, of course, in the
• 22:12
  Speaker 1: financial monetary sense, but in the global governmental sense. So
• 22:16
  Speaker 1: World War One of course eventuated, League of Nations, World
• 22:19
  Speaker 1: War two, United Nations, World War III, fill in the dots.
• 22:23
  Speaker 1: It's going to be some sort of you know, international
• 22:26
  Speaker 1: global governmental system, this time with teeth that's going to
• 22:29
  Speaker 1: give rise to the new new Bretton Woods, which will
• 22:32
  Speaker 1: undoubtedly not work out in the favor of the average
• 22:35
  Speaker 1: person if history has shown us anything.
• 22:39
  Speaker 3: A new and improved version, right exactly, all right, giving
• 22:44
  Speaker 3: me a lot to think about here, James, appreciate you
• 22:46
  Speaker 3: coming on hey, now that your YouTube channel is back.
• 22:50
  Speaker 3: I guess we find you on YouTube, and of course, yes,
• 22:54
  Speaker 3: but please don't well please you can find me there,
• 22:58
  Speaker 3: but I'm not going to be there. Uh So, uh
• 23:02
  Speaker 3: I guess what.
• 23:03
  Speaker 1: Web orbitreport dot com that is my main website. That's
• 23:06
  Speaker 1: where you can get everything. And I've just launched a
• 23:09
  Speaker 1: new book called Reportage Essays on the New World Order
• 23:12
  Speaker 1: and you can find that at reportage book dot com.
• 23:15
  Speaker 1: That's r E p O R T A g E
• 23:17
  Speaker 1: book dot com.
• 23:18
  Speaker 3: All right, excellent, you've got a question comment for James myself.
• 23:22
  Speaker 3: Shoot me an email kl at Carrie LUTs dot com.
• 23:26
  Speaker 3: James always great to see you. We'll talk to you
• 23:28
  Speaker 3: again real soon.
• 23:29
  Speaker 1: Thank you for having me on.
• 23:30
  Speaker 2: Thanks for listening to Carrie Let's's Financial Survival Network, your
• 23:34
  Speaker 2: solution to today's trying times. For the latest, go to
• 23:38
  Speaker 2: Financial Survival Network dot com. Financial Survival Network now more
• 23:44
  Speaker 2: than ever,