Latest / Man in America Podcast / Ed Dowd on the Death of the Dollar & How to Resist the CBDC

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Ed Dowd on the Death of the Dollar & How to Resist the CBDC · Man in America Podcast

• 0:01
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holehouse. So if you look around us, we've got a lot of crises happening. We've got the banking crisis. We have the contagion.
• 0:12
  We have the collapse of some big banks, but we've also got everything that's happening with the vaccine. We've got the increases in mortality rates, increases in disability. And joining me today is someone that has, I think, really has a unique ability to piece all of this together to make sense of what's happening and where we're going next, and that is Ed Dowd. So you've probably seen before whether it's on Steve Bannon or Alex Jones or even my show, and he's someone that has been truly on the front lines of exposing what's happening and putting out incredible research to help wake people up. So we're gonna be talking about a plethora of topics in today's show, which I think that you're really gonna enjoy.
• 0:49
  So if you enjoy the interview, then make sure you share it with your friends and family. I would really appreciate that because we had to get this information out to folks. Before we get started, make sure you're following me on social media at Man in America in most places and at Man in America US on Twitter. Also, every show is a podcast as well. So if you wanna listen instead of watch, just go to your favorite podcast app, search for Man in America and you'll find me there.
• 1:13
  Alright, folks, let's jump into the interview with Ed Dowd. Ed, it is an honor to have you back on the show. Thank you for joining us here.
• 1:22
  Speaker 2: Great to be here. Thanks for having me on again. Appreciate So
• 1:25
  Seth Holehouse: there's a lot to talk about between banking and vaccines and the data. There's a lot of crossover there. But let's first jump into some of the vaccine data because you're in the process of releasing some really critical data right now that I think that we need to take a look at. So I'll just hand it over to you, and I've got some slides ready to pull up as you need.
• 1:46
  Speaker 2: Yeah. So, you know, as we became known for the excess deaths, and that was the first part of our academic inquiry. We pretty much well documented that at finance technologies dot com with a pH. And in humanity project, we categorized excess deaths in Europe, UK, Germany, Australia, and The US. And we've proven definitively that they're on the rise, that it was a mixture from old to young.
• 2:13
  In The US, it was forty percent excess deaths in group life in 2021 versus the general population of thirty two percent. That that it's supposed to be the inverse of that. So if you're employed, your death rates were higher in '21, '20 '2, and continues in '23. Then we look next at the disability data. We show that that went up, from around twenty nine to thirty million to thirty three point two million very rapidly.
• 2:38
  About one point seven million of those were employed. The employed seemed to be getting disabled faster than the general US population. Their disability rate went up thirty one percent, general US population, nine. So something's happened to the employed. My thesis is it's the vaccines and the mandates.
• 2:54
  Then we looked at the same, database as disabilities, the US Bureau of Labor Statistics. They have data called absence rates and work time lost rates. And as you might imagine, those are pretty steady, pretty steady trend line going way back. Well, guess what happened? In '20 and let me describe what an absence rate is.
• 3:15
  An absence rate is an incidence of being out of work for extended period of time. It's counted as a unit of one. The work time lost is the hours that you miss, from the absence, and that's where the economic cost comes from. So the first chart I want to show is the absence data, And this is for twenty five to fifty four year olds. You can see the trend is pretty steady from 02/2002 to 2019.
• 3:42
  And then in 2020, we saw a three standard deviation rise. Okay. That's you know, that that could be expected. There was COVID. People were getting sick.
• 3:52
  People there were lockdowns. There was confusion. Okay. Then in 2021, with the introduction of vaccines, that that we saw a five standard deviation in absence rates for a vaccine that's supposedly supposed to help you. And then in 2022 and by the way, these are employed people thirty five hours or more.
• 4:10
  So these are these are full time workers. Then in 2022, it accelerated even more, and it's an 11 standard deviation from trend. 11 standard. This is in my world, that's cuckoo that's kooky. It's crazy.
• 4:24
  So this is an indication to me that something's going on in the workforce population that is just absolutely abnormal. So if we go next to the work time loss chart, it's the next chart. That's I think that's yeah. There you go. Right there.
• 4:42
  This is the hours lost, and that, had a seven and a half standard deviation in 2020 and 2021, and that makes sense. Again, there was, there was shutdowns, lockdowns, get it. But then we reopened the economy in '21, and then in 2022, it was a 13 standard deviation rise, and you can see it just accelerates up. And, it's worse for men than women at the moment, but it's, the total, as you can see, is up and to the right. And in fact, the wartime loss, is 50% higher than twenty nineteen.
• 5:16
  That's what am I saying here? I'm saying something is going on in the workforce population. I blame the vaccines. I'm not a doctor, but we've all read the reports that there seems to be studies that this blows up your immune system. I call this VADES, vaccine acquired immune deficiency syndrome.
• 5:35
  This data is proof that that may be occurring. I'm 100% convinced it is. If it's not that, what is it and why aren't we talking about it? Because this has huge ramifications for the productivity of the economy. Okay?
• 5:50
  I've already talked about disability and and and what's going on there, the the missing workers. Now we have, sick workers. So, you know, if you're out there and you're kind of suspicious of what a lot of us have been saying, and you're feeling crummy and you're consistently getting sick, look no further. It's the vaccine, and the more boosters you get, the more likely you are to continue to blow up your natural God given immune system. So, you know, I'll go I wanna go before Congress.
• 6:16
  I wanna reveal this data. And, again, I'm open for debate. If I'm wrong, I'll pull a one eighty. But until someone wants to address this mysterious thing that's going on that no one seems to want to talk about, which for me is an indication of a cover up, there you have it. So next week, we're going put out what's called the vaccine damage report.
• 6:34
  We're going to put monetary numbers associated with all three buckets, deaths. That number is small, relatively speaking. Then we have disabilities, the number grows. Then we have injuries, and this number overall is going to be north of $100,000,000,000 for twenty twenty two, and it's a disaster. It's going to be a multiple of the revenues that Pfizer made in The US.
• 6:59
  So we're doing this in The US initially because that's the data we have. So take the cost from The US, and we can come up with, you know, a global figure, and we'll try to take a stab at that as well. So there you go.
• 7:11
  Seth Holehouse: Incredible. One thing I'll comment just about the charts that we're showing, you know, because you always think, okay, what are the skeptics gonna say? And so a lot of people would say, yes. Well, when COVID hit, a lot of people, they got sick, you know, they they were staying home from work. But then you're right, you would expect maybe a spike at the beginning of COVID.
• 7:28
  But then once the vaccines roll out, once the economy opens back up, you know, everyone's back to business, you would expect a drop. Instead, you see this a sudden spike because you've almost vertical, which, I mean, the question also is when does it stop? Because if you look at that and you extrapolate what looks like it's an exponential line that this is going to keep going straight. Right?
• 7:50
  Speaker 2: Well, look at it's called the rate of change and the slope of the of the rise. So disabilities rose at an alarming rate. This is rising faster than disabilities, and, you know, it's rising so fast that we joke we joke on Wall Street, it's gonna bend in on itself and, like, you know, go to infinity. So it's not gonna do that, but this is alarming. This is on Wall Street, if this was a growth stock, I would be buying it hand over fist and making it one of the biggest positions in my portfolio because it's early in the trend.
• 8:20
  It's only two years into a new trend. So this is a disaster. Needs to be addressed. We need to have a kumbaya. We need to admit there's a problem.
• 8:29
  Stop the vaccination program. Because there because right now, what do we what do we know? It doesn't work. So why are we pushing something that doesn't work? That's insanity in and of itself.
• 8:38
  And now there's pretty hardcore evidence from the three different buckets. We've proven something's going on. And if it isn't the vaccine, why aren't we talking about it? And I think we know why.
• 8:49
  Seth Holehouse: Hey, folks. I got a quick message for you. So for well over a year now, I've been talking about the threat to our dollar. Now a lot of times I've been talking about the threat from China and Russia and their de dollarization efforts, but what we're seeing now, and as you'll see in this interview with Ed Dowd, the real threat is also just the collapse of the Western financial system, the collapse of The US, the Federal Reserve fiat currency, the dollar as we know it, which, you know, look, it may not be today, it may not be tomorrow, or even next week or next month, but it is bound to happen. Like, that's where everything is headed.
• 9:23
  And so to protect yourself from this, you don't want to have many of your assets sitting in the dollar. So and the biggest thing is you don't want to have it sitting in the bank. I'm not encouraging a run-in the banks. Trust me. You'll be very calm and peaceful with this.
• 9:36
  But the reality is is that we're now seeing that these systems that we thought were reliable are not reliable. So if say you have a large portion of your money sitting in an IRA or four zero one k, it's good to look at different ways to diversify and protect yourself. Now the number one thing that I recommend and I look, I'm not a financial advisor, so please do your own research. But for me, it really goes back to the precious metals, gold and silver, because these are assets that have really stood the test of time. And when we've seen currency collapses in the past, it's these assets have been there to save people.
• 10:06
  I was listening to a recent interview with someone that has talked about how in Venezuela, after their currency collapsed, how an ounce of silver could literally be by a month's worth of food and supplies for a family from one ounce of silver. So this is what happens in those scenarios. And so if you don't have any assets that are sitting in gold and silver, I would highly recommend it. And to do so, I would personally recommend Doctor. Kirk Elliott.
• 10:31
  So Kirk Elliott, he has a double doctorate. He's got a PhD in theology and economics, which is a beautiful blend. He's an amazing Christian patriot. So to learn more about this, head on over to goldwithseth.com. Takes you right here against goldwithseth.com or you can call (720) 605-3900.
• 10:52
  Go to goldwithseth.com, you can scroll down, there's a form you fill out to set up a free wealth consultation. You'll talk to someone and Kirk's team, they'll look at what your assets are, look at the best options for you. And look, say you have a large IRA or four zero one k, there's even options to move those assets into gold and silver without paying the crazy taxes and fines that they hit you with. So again, go to goldwithseth.com or call (720) 605-3900. Because as you can see, folks, right now, the entire Western financial system is very, very unstable.
• 11:26
  I don't know about you, but I want to have my assets in something that I know is going to be stable. So again, goldwithseth.com.
• 11:35
  Speaker 2: It's rising so fast that we joke we joke on Wall Street, it's gonna bend in on itself and, like, you know, go to infinity. So it's not gonna do that, but this is alarming. This is on Wall Street, if this was a growth stock, I would be buying it hand over fist and making it one of the biggest positions in my portfolio because it's early in the trend. It's only two years into a new trend. So this is a disaster.
• 11:58
  Needs to be addressed. We need to have a kumbaya. We need to admit there's a problem. Stop the vaccination program. Because the because right now, what do we what do we know?
• 12:07
  It doesn't work. So why are we pushing something that doesn't work? That's insanity in and of itself. And now there's pretty hardcore evidence from the three different buckets. We've proven something's going on.
• 12:18
  And if it isn't the vaccine, why aren't we talking about it? And I think we know why.
• 12:23
  Seth Holehouse: Yeah. Especially when you look at the dollar amount, as you mentioned, which I'm looking forward to seeing that report next week and talk about what is the total cost, you know, of lost wages of everything, right? And this is it's it's significant. But then if you look at that and you look at the amount of money made by these vaccine companies are really also made by the big businesses that were allowed to stay open. I mean, to me, this looks like and we'll get into the banking industry, but what I'm seeing is destruction of the small, more independent, harder to control decentralized items, whether that's within, you know, within healthcare, whether it's small businesses from lockdowns, or whether it's small banks from everyone now being scared of the small banks.
• 13:06
  And this, you know, kind of moving everything into a more centralized place. I mean, are you are you seeing that as well?
• 13:13
  Speaker 2: Yeah. So look, what's going on in in in the world of finance? Ever since the great financial crisis, you know, banks used to create money. Right? They would lend money.
• 13:25
  It was a fractional reserve banking system. That that kinda stopped, after the great financial crisis, and it kinda became, you know, the shadow banking system re rose. But at the end of the day, it's it's the Federal Reserve that's creating money just by printing, and it's more like central planning than it used to be, which was capitalism. So what we're gonna see in this banking crisis, I suspect, is a consolidation of banks from small into big, systemically important banks. We'll have about six when this is all said and done if if if, I think happens happens.
• 13:56
  And, when that does, it's gonna be a lot easier to introduce a central bank digital currency, and the Federal Reserve will be responsible for the creation of money, which in the past, they weren't. They would just they would they would, they would set the monopolistic interest rates, and banks would then lend, and then the and that and and lend to businesses that made stuff. Now it's a it's a command central economy. It's a planned economy now, essentially. And that's, I think, where they want to take it.
• 14:23
  Seth Holehouse: So basically and that's my that's my concern also. And I've been talking about CBDC for probably over a year now, just the concerns of it because basically so if you're seeing it right now, we have lots of small banks, you know, like I go to regional banks. I, you know, have actually, over the past six months, moved my money bigger banks and went to the small local regional banks and credit unions intentionally, and sought them out. But so you're seeing that the collapse is cascading into people then rushing into the big banks. So you think that we'll end up just with a handful of banks that have what very, very close ties with the government.
• 15:00
  Like, so almost like the the government is is kind of running the banking system, and then that becomes that paves the way for central bank digital currency?
• 15:09
  Speaker 2: Yeah. And look, I think a lot of people don't everyone thinks Wall Street took over the government in the great financial crisis. It was the other way around. The government took over Wall Street. I mean, these these fools who collapsed the system with their, bets were begging the government for help.
• 15:25
  The government helped. Not one banker went to jail. And why did that occur? Because they cut deals. They paid big fines.
• 15:32
  And, they're I think they're nothing more than, you know, we I I mean, there's no formal structure, but they do the bidding of the government. I mean, a lot of the a lot of they know who their master is. It's the Federal Reserve and and and the US government. So are are all regional banks gonna disappear? I don't think so.
• 15:50
  I live in Hawaii. Bank of Hawaii is my bank. People are asking me, are you taking your money out? No. Bank of Hawaii is very regional.
• 15:58
  It's a very it's a very good bank stock. I mean, they they the the good news about Hawaii is there's no other banks that can come in and buy the bank. So it's very we're in the middle of Pacific Ocean. They lend to people here, and it's good. I hope that system continues all over the country, but my fear is it won't because a lot of these regional banks, unfortunately, got addicted to short term interest rates, bought a lot of bonds, made bad bets, and now Jerome Powell has raised interest rates 500 basis points in a year.
• 16:30
  And Jerome, you know, Jerome Powell in 02/2012 in the Federal Federal Reserve Open Market Committee meeting of October 2012 said, it seems that, our policies are gonna blow a a a ginormous fixed income duration bubble across the credit spectrum, and massive losses will occur once interest rates eventually go up. Well, here we are, and he was right. And, you know, there you go. So this is the Fed breaking things? Yes.
• 16:59
  And did they know they were gonna break things? Yes. I mean, it's it's in the minutes. This is not conspiracy theory. They said it, and it's happening.
• 17:08
  Seth Holehouse: And so I interviewed Doctor. Charles Niner recently, and something he said, I think it also has been echoed by Martin Armstrong, is they expect that your rates will continue rising. And I think that Niner even said that he thinks it can go past 10%, you know, by, you know, by 2024. So what do you see happening with the with the rates? Do also expect them to just continue rising?
• 17:33
  Speaker 2: Yeah. So this is we're gonna see what we what we think at finance technologies is this, and we've said this in the past, periods of deflation and the inflation back and forth. So what just occurred was inflation, but because of the rapid rise in interest rates, money is being destroyed, credit's contracting. So money supply m two went negative year over year growth in November of last year. The last time that happened was 1930, and so this is the fifth time it's happened since 1868.
• 18:06
  And every time this has happened, it's been associated with a financial panic. So I see I see deflation ahead, then I see the Federal Reserve coming in when when everyone's screaming at the bottom for help, and they'll inflate again. But they can't fire their big bazooka to stop this right now because, politically, it's untenable. But sure enough, when everyone's freaking out and jobs are being hemorrhaged and the stock markets are careening lower, people will beg for the Fed, and that's when they come in, and they can and they'll grab more power then. The the people will ask and beg for help.
• 18:41
  And I'm already seeing this from some people on Wall Street. Bill Ackman's out on Twitter whining about his, you know, obviously, he's on the wrong side of the trade at the moment, and and all all these pundits are saying the Fed needs to do something. What they don't realize is the Fed's not gonna do anything until the bottom, and the bottom is coming. So I think interest rates are going lower initially then back up again after this recession or depression subsides. But so I see rates coming back down and then going back up.
• 19:10
  So we're gonna go between deflation and inflation because we're at the end of this this, you know, hundred and nine year Federal Reserve System. It's it's just, you know, mathematically, it it is what it is. The US dollar debt currency reserve system is in every corner of the world. It needs constant growth. That's why m two going year over year negative is such a big deal.
• 19:31
  It needs it's it's a beast that needs constant credit creation or else the Ponzi scheme falls apart. That's how it works. So
• 19:41
  Seth Holehouse: by by saying that this is we're at the end of this Federal Reserve System, which really, I mean, it's it's if I understand correctly, look, I'm very far from being a financial guy. I went to art school. I'm just saying, you know, I've become fascinated with this. But if I understand correctly, I mean, this is really, it's almost like it's the end of the Western financial system. Right?
• 20:00
  I mean, because just of, you know, you're right, how the the dollar is everywhere. It's not like in 02/2008, obviously, there there are ripples around the world, but that was really much more localized. Whereas the if if this is the end of the Federal Reserve System, that's significant. So, I mean, do you can you kinda add some more to that? Like, what you think, like, what does it look like being at the end of this?
• 20:22
  Speaker 2: It's not it's not it's not the end of the Federal Reserve. Now that's the question. Right? So it's the end of the current regime where the US dollar, debt based fiat currency, the way things work now, is going to implode. So is the Federal Reserve gonna just, you know, go like this and say, oh, guys, we're done.
• 20:40
  No. They're gonna try to control the new system. The new system will be central bank digital currency. There'll be some debts wiped out. There'll be some countries that implode.
• 20:51
  There may be a kinetic war, but a new system will rise, and the Federal Reserve wants to be in control of that. Why wouldn't they? Why wouldn't the central bankers want to keep their jobs? So I'm not saying that the Federal Reserve's gonna disappear. I'm saying the current regime, the way things currently work, is gonna be transformed into something else.
• 21:08
  And we all know the central bank digital currency is a disaster for the common man, because then the level of technocratic control is absurd. So, unfortunately, we're going from a capitalistic based economy to more of a centrally planned, the big get bigger, and everybody else kinda just works for the company store, essentially.
• 21:29
  Seth Holehouse: Yeah. Which is
• 21:30
  Speaker 2: it's like roller ball roller ball, the dystopian movie where, like, you know, it was about it was about but they all worked. There were six corporations, and that was it. That's how the world was run. It's almost gonna be like that.
• 21:42
  Seth Holehouse: Gosh. And so by saying that, you know, we're at the implosion of this this system and that some countries will fall because you're getting into the sovereign debt crisis. And what does that look like over the next couple of years? Because there's a lot of pundits, you know, especially the more mainstream, they're saying, okay, we're gonna, it's a recession and you know, we're gonna, you know, kind of recover. But if being at the kind of end of a particular system like that, it's almost like the only thing that can happen, I understand it, is just a complete kind of destruction of it, and then something new kind of reemerges, and I think they want to manage that process.
• 22:16
  So, I mean, you do you think that we're entering into something that could, in certain ways, eclipse the Great Depression even?
• 22:24
  Speaker 2: I don't know. You know? So people ask me, you know, how fast this is gonna happen, and that's what I don't know the speed. Is it gonna be super quick? I don't suspect so because the faster it implodes, they lose control, and it's hard it's hard, and it's chaos.
• 22:39
  I suspect this is going to be kind of a whack a mole, putting fingers in the dike as things just kind of slowly you know, it's going to be more like a 02/2002 recession where the stock market went down 50% over two years. No one really panicked. I think that that's what they're trying to do. They're trying to keep people asleep so they don't, all of a sudden freak out. But, you know, look, I I say bold things about what's gonna happen, because I'm not a pundit.
• 23:06
  I'm not paid by anybody to, you know, keep the normality bias going. But, you know, people on Wall Street agree with me, but they keep their mouth shut because they have jobs, they don't wanna sound crazy. But what I say is good analysis. I mean, we're gonna have an economic downturn. It could be the depression.
• 23:24
  There's gonna be a new system emerging. There's gonna be a fight for the power who controls that system, wars are sovereign defaults and war go hand in hand. So I'm not I'm not trying to be a doom and gloomer. I'm just telling you what I see, and that's it.
• 23:39
  Seth Holehouse: Yeah. It's it's it's refreshing talking to someone like you because that's the perspective I try to bring too. It's I'm not I'm not bought and paid for by anybody. I actually think that I probably poke a lot of people in the wrong way because I'm just looking for the truth. I you know, there's really that's what it comes down to, which is why it's it's always great interviewing folks like you because you know?
• 23:56
  Speaker 2: And you know and you know what? I'd love to be wrong. See, you know, I don't wanna be right, but I'm giving you my best analysis of how the daisy chain of events are gonna unfold beyond the loss of people's control. I mean, does Jerome Powell think he's gonna cause a kinetic war? I don't think so.
• 24:14
  I think he knows that he's breaking the banking system, but, you know, he's fighting inflation. That's his mandate. So everybody's got you know, not all motives are aligned evilly. It's just that, you know, they all have their roles to play, and the system of the Federal Reserve is designed to break things when they raise interest rates. This happened every cycle.
• 24:32
  Every cycle, something breaks. And and
• 24:36
  Seth Holehouse: so with the the dollar, so basically, if if this system is on its way out and, you know, to be replaced with this central bank digital currency, which, you know, it really it wipes out all their debt. It's almost like they get they get this new lease on life as the central bankers to say, well, we've got this new digital token currency where they want know, where they wanna refer to it. But so what is your your thought on the dollar? Because a lot of people are saying, wow, the dollar is stronger and stronger. But if this system is ending it to be replaced by a central bank digital currency, that means the end of the dollar, as we know it, is a fiat currency.
• 25:09
  Right?
• 25:10
  Speaker 2: Well, who knows? But I do know the dollar, if it does fail, it's gonna fail up. And this is a big misunderstanding with the gold bugs and lots of people, because the dollar's debasement is due to credit creation because the dollar is a function each dollar is represented by $1 of debt. So the more debt you create, the more dollars you create, and and the Ponzi scheme keeps going, the more debased the dollar gets. As debt is destroyed, defaulted, or becomes scarce, as in economic downturns it does, the dollar rises.
• 25:44
  And the rising of the dollar this time is a big problem because there's about 15,000,000,000,000 in non US, non US dollar denominated debts. So Turkey's issued bonds in dollars. Corporations in China have issued bond in dollars. So as the dollar rises, it becomes more expensive for them in their currency to pay the interest rate. So the dollar in many ways is is our best weapon if we wanted to go to war.
• 26:11
  And maybe we are at war, we don't know it yet. But by the Fed doing what it's doing, it's creating a global economic slowdown. It's trying to stop inflation, but the unintended consequences are, bank failures and potentially a sovereign debt default. So the dollar fails up, then the new system gets introduced. Whether the dollar's part of that, I don't know.
• 26:33
  I'm not in the room. But the dollar is not gonna disappear. The dollar's gonna go straight up until there's something new, and I don't know what that is because I'm not in the room.
• 26:42
  Seth Holehouse: I see. And so when you have, you know, Yellen coming out and saying basically that they'll, you know, backstop all of these banks. Right? So like what we saw in them kind of bailing out the what they say it wasn't a bailout by just printing more money. I mean, if we see wouldn't this that lead to hyperinflation?
• 27:00
  If every time a bank fails, they're just printing more money and if it perpetuates, and that's going to weaken the dollar, which then I mean, how do you see that playing out?
• 27:08
  Speaker 2: So so right now we're in the deep deflation. So things are going to go lower. So it's like they they're trying to fill the hole with money printing, but they don't know how big the hole is. So I think that the deflationary forces are so strong and are baked into the cake that they're, you know, not putting enough this is gonna sound crazy, but they're not putting enough money fast enough because it's not the money's the amount of printing, it's the it's the constant flow. So they need it.
• 27:37
  And they know this. They can't you know, because it it gets so politically untenable, they would cause hyperinflation. So, again, I think we're gonna see commodities are, peak in June of last year. Oil is now going lower. So you're going to see prices come down, then you're going to see bankruptcies, maybe a sovereign debt crisis, then you're going to see bazooka money printing, and that's when the hyperinflation could happen.
• 28:01
  First, deflation, hyperinflation, maybe after that. I don't know. That's too far out for me.
• 28:08
  Seth Holehouse: Okay, that makes sense in the way my mind understands something. So now
• 28:14
  Speaker 2: Yeah. It's like it's like a hole and they're pouring water in but they don't know how big the hole is. They just don't.
• 28:21
  Seth Holehouse: Yeah. The people running the world. It's like, well, how big is the hole? I I don't know. Just keep pouring.
• 28:27
  Speaker 2: They really don't know.
• 28:29
  Seth Holehouse: Yeah. So can you can we talk a little more about the m two money supply? Because this is something that I'm trying to wrap my head around that. So basically, I understand correctly, the overall money supply has only this is the fifth time it's contracted. The first four times were at time of massive crisis with with the most recent one being 1930, obviously, Depression.
• 28:51
  What does that mean? What does it mean to the contraction of the m two money supply? Can you help me understand that better?
• 28:58
  Speaker 2: So, basically, again, the the system that we've created needs constant flow. Everyone thinks it's, you know, the amount of money printed. No. It's the it it needs to constantly grow to keep, you know, a Ponzi it's a it's a multigenerational Ponzi. People don't like to hear that word, but it is, and it's multigenerational, and it needs constant growth.
• 29:20
  It needs constant feeding of credit. When you and so m two is a is is a reflection of credit growth. What did what did they do in COVID? They printed a ton of money, and then federal governments around the world, you know, issued, fiscal spending packages. So we had money printing, and we had huge spending by governments, a lot of which was funded by the money printing.
• 29:47
  And m two grew 65% year over year in 2020, the biggest growth we've ever seen. So people would say, well, hey. That's inflationary. Well, it was. But then they stopped.
• 29:59
  They started raising rates, and they've gone so far so fast, it caused credit contraction. So they have literally ripped the Band Aid off, and they've caused their own the seeds of the of their own destruction, whether it was intentional or not. Again, I wasn't in the room. They've caused n two to stop not only growing, it's now not growing, and it's and it's growing it's it's declining year over year growth. So that when that happens, that means you're gonna see defaults, credit contraction, and an accelerated pace.
• 30:34
  It happens so fast, it causes panics. The prior four times were associated with financial panics. And what's interesting historically about all those is there was a great period of inflation and speculation before the panic. So it's kind of just like math. You can't find a guy to lend money to at the end of these things, there's no new money being created.
• 30:58
  So it just implodes on itself. It's just the system.
• 31:02
  Seth Holehouse: I see that. Okay. So that makes sense. Now
• 31:04
  Speaker 2: Does that make sense?
• 31:05
  Seth Holehouse: It does. Yeah. Yeah, it does. It does. Well, I mean, you mentioned a Ponzi scheme.
• 31:10
  I think of, like, you know, Bernie Madoff, for instance, where he has to keep borrowing from somebody new to pay off the previous people, but the more he
• 31:17
  Speaker 2: pays He a constant flow of new clients. One and if once his client growth stops, then that becomes a problem. Yeah. And what let's talk about let's talk about Silicon Valley Bank. What happened to them?
• 31:30
  So Silicon Valley Bank, is a unique bank because they gave very favorable banking terms to their clients. Who are their clients? Their clients were venture capitalists. So venture capitalists would have a portfolio of, say, I'll just keep them simple, a billion dollars, and they would dole it out to a hundred companies. Okay?
• 31:51
  They gave 10,000,000 each or something like that to these companies, and a hundred a hundred in their portfolio. Silicon Valley Bank gave such good banking terms, but they required that that all the deposits of that banking client had to be at Silicon Valley Bank, well above the insured amount. And that's all good when the VC ecosystem was growing. So VCs were getting more money from investors, so they would invest in and so that more so their deposit base was growing. Right?
• 32:19
  Seth Holehouse: They had an exclusivity contract basically saying that if we're gonna lend you money, you only work with our bank?
• 32:26
  Speaker 2: You work well and you keep all your deposits in the bank.
• 32:29
  Seth Holehouse: I see. Okay.
• 32:29
  Speaker 2: So so so so you're company a, you're you're a startup, your VC tells you you're gonna bank at Silicon Valley Bank, and, oh, by the way, you're going to keep the $10,000,000 we give you, you're going to keep at Silicon Valley Bank. And the $10,000,000 is to fund payroll because you're not making any revenues. You're in a you know, you're not make you're not cash flow positive. So you're going to draw down on those deposits over time until you get another investor to do a B round and then a C round. But what happened last year?
• 32:58
  The Fed raised interest rates, and the whole VC, ecosystem stopped. The musical chairs stopped. VC stopped raising money from pension funds. The companies that already existed stopped getting BCD rounds. So what was left?
• 33:14
  What was left was what was in the bank, but they had money losing operations. So over a year, the deposit base of Silicon Valley Bank stopped growing and started to decline. But they had already bought all these assets to make the net interest spread. So they take the deposits and buy bonds, and they make their money in the spread between zero interest rate deposits and 2% yielding government bonds. Well, guess what happened?
• 33:40
  As their deposits started to get drawn down, there was a mismatch of assets and liabilities, and then there was a run on the bank. Now take that. That's Bernie Madoff model. Now take it to the whole globe. We've run out of lenders to lend to.
• 33:55
  That's it.
• 33:57
  Seth Holehouse: So it can only go one place now.
• 34:01
  Speaker 2: Yeah. Yeah. So does that make sense? Like once the growth stops every and then it just it just it just whatever was good good starts to go the other way. It's just it's just it's like it's cycles.
• 34:13
  It's I mean, you know, you can't avoid cycles. Yeah. It just is. I mean, that's and you and I believe in God. You know, the name of our company is Finance Technologies.
• 34:23
  PHI is a play on the golden ratio. That's God's number. That's how most things in nature grow. The only thing that doesn't grow according to that growth rate is compounded interest on debt. That's Satan's that's Satan's growth rate.
• 34:38
  But in nature, everything grows according to the golden ratio. Nothing grows at compounded interest, and that's why the system does what it does. It needs constant growth. That's And nothing grows constantly in the in in God's world.
• 34:50
  Seth Holehouse: Yeah. Exactly. And so we you know, people were talking about the, you know, the bank contagion. Right? So we're seeing, you know, SVB, they had a few other banks.
• 35:00
  Yeah. I think it's First Republic also has recently had issues. Then, you know, we also have Credit Suisse and UBS stepping in. Do you expect this contagion or this crisis to keep spreading? I mean, do you think that it just kinda accelerate, or do you think that they're gonna stop it?
• 35:16
  Or or or or they mentioned that you before that it's kinda plugging the holes, and eventually, there's gonna be too many holes and not enough fingers, and the whole thing's gonna just fall apart.
• 35:25
  Speaker 2: Yeah. So I I don't know the speed. So we'll know soon enough. So they they, you know, they they they keep saying and upping the ante, and the stock markets are holding up okay. We'll know in a few weeks whether this was enough, but as time goes on and they don't do more, it'll go back down.
• 35:44
  There'll be news new a new headline. I don't know what it is. I don't but I can tell you it's either gonna be slow or, I can't tell you whether it's gonna be slow or quick, but literally it's whack a mole all the way down. And we'll find out pretty soon whether what they did now is gonna pause things and make people fall asleep again and everything's okay, or it's gonna, like, go super fast into the fall. And, all I do know I do know this, the underlying real economy is a disaster and continues to get worse and worse.
• 36:14
  It's gonna go and probably bottom sometime in the fall, but it's going down hard and fast right now.
• 36:19
  Seth Holehouse: That's interesting because Doctor. Knitter, you know, he's a big cycles guy, he when I had him on, said he his prediction was based upon what his cycles are telling him was that by October, so basically by fall, he thinks we'll see 34 30 to 40% drop in the markets by fall.
• 36:37
  Speaker 2: I I think he might be dead spot on. I mean, but I can't tell you whether it's gonna start today or next week or a month. But what I do know is we're going lower. That that that's baked into the cake. There's no avoiding that.
• 36:49
  Whatever the Fed can't stop it. They can only slow it.
• 36:54
  Seth Holehouse: So I wanna talk a little more about the central bank digital currency because, you know, I've I've spent a lot of my, you know, career focusing on China, understanding China, the human rights issues in China, whether the Uighur concentration camps or organ harvesting from Falun Gong or just the overall infiltration of the Chinese around the world, the CCP specifically, what they've been doing. But one of the things that is most worrying about them is their social credit system And the the technocracy that they have to monitor people where someone, you know, literally if they're even associating with the wrong person, they might go for a mortgage and not be accepted because their social credit score, or they might go to the ATM or they want to go buy a train ticket. And it's like, oh, they can't purchase it because their social credit score. And that's the concern that that I have that a lot of folks have had about the central bank digital currency. And so, you know, seeing that I mean, it really seems like there's this freight train that most of us just have no idea how to even begin to control it, which we see with the kind of destruction of this old system, but the rollout of this new system, which gives them that control because I can look, I imagine if right now if we were on a central bank digital currency, and we had a social credit score, I'd be like a negative on that.
• 38:15
  I think you'd probably be similar. Do not like what handout is saying.
• 38:20
  Speaker 2: I'd have to rely on handouts from friends, you know, because I wouldn't be able to purchase any food. But, you know, look, This is a battle between good and evil, between people who like free will and those who like to control others. We've all met control freaks in our life, and this is the ultimate control freak weapon. Social credit score linked to a central bank digital currency, all dissent disappears, you create an atmosphere of fear, so everybody adheres to whatever the current group think is, and they can enforce it via social media monitoring, anything you say in public. And, you know, if somebody, you know, can you know, during the COVID stuff, we had Karens ratting everybody out.
• 39:11
  You know, people you know, unfortunately, human nature is such there's lots of people that, you know, their lives are so small and they're so full of hatred of themselves that they love to control others. And that's just human nature, unfortunately. We saw this during the Stasi in East Germany. Everyone was ratting everybody out. Not everybody, but, you know, there were people who loved that system.
• 39:31
  It gives them power. It gives them importance. And that a CBDC with a social credit score is gonna be grim. I am working hard to stop that. I think by exposing the vaccine crime, lots of other truths will become apparent.
• 39:49
  And, you know, I'm a % convinced at this point that, unfortunately, the globe's been poisoned. I don't think it's hopeless. I think if people just become aware of the problem, the human body is an amazing thing, they can heal. So that's my hope. My hope is people wake up fast, and once they wake up to being poisoned, they'll start asking other questions like, what's a CBDC?
• 40:11
  Right now, a CBDC, you know, you talk to 99% of my friends, they've you know, that aren't aren't aren't in finance. They have no idea what I'm talking about, and that's the problem. But they do know about the vaccine issue, and if we can get that, then we can open up eyes to it.
• 40:25
  Seth Holehouse: I see. Okay. Then that's that's a really interesting point because, yeah, I mean, if I've if I went to say my average friend that's not following my show and not watching, even people that are that are conservative and, you know, on board with a lot of same values, if I say that, you know, the biggest threat to our freedom is CBDC, it's like, oh, is that one of the new the new marijuana oils? CBD? Is that Right.
• 40:47
  That's that's about what the response might be. There's, you know, really no understanding of it, which I don't blame them because where are they gonna learn about it? They're not watching, you know, stuff like this. Maybe they if anything, they're tuning into Fox and Tucker talks about every once in a while, but it's not like a main part of their programming. And so but it's interesting, though, that your kind of perspective with this is that focus on the vaccine because everyone gets that.
• 41:14
  Like everyone understands it. And like once and that's it's it's it's crazy because so many folks that I've talked to, one of the most common questions I ask them, because I do speaking tours and stuff, I talk to a lot of people which I love. I say, what was it that really opened you up? What was it that, you know, woke you up? And I would probably say that a lot of people with 09:11, but but but the vast majority of folks actually say it was COVID.
• 41:38
  That COVID, something about COVID just completely shook them and it started making them question everything. And that you're right though, because once people say, wait, so if the vaccine, if the data is showing it's causing miscarriage rates like this or this, it was like, so the Pfizer documents show they knew that was gonna do it. Like, they must have known that this was gonna have a bad effect, yet they're working with the government. It's kind of like as they rationally walk down that, that starts to really undo the entire mountain of lies.
• 42:11
  Speaker 2: And I will say this. Look. You know, eight years ago, I had thoughts. I didn't share a lot of them with people because they just didn't have they weren't at a spot where they could receive the information well. The awakening with COVID is to the point now where we have so many credentialed experts from the chattering class and the academia class that are now waking up.
• 42:35
  Our numbers are swelling, and I don't feel alone. I I can comfortably go to large places now and speak with a very friendly audience, whereas, you know, before, if I, you know, come out with my theory of the case on central banking, you know, four years ago, people would have laughed me out of a room. So here we are, And I do feel like there's in in in the awfulness that's going on, there's great hope because there are some people that are waking up and it's happening quick, and they're all going down their own rabbit holes in in the journey of discovery. And look. There's a lot of rabbit holes that you and I know lead nowhere that make you look stupid.
• 43:12
  Just avoid those and stick with the facts. The facts are I have a website with reams and reams of data by two PhD physicists that show definitively, if it's not the vaccines, something awful is going on, and no one wants to talk about it.
• 43:27
  Seth Holehouse: Yeah. And it's hard to like, it's like even the charts that we pulled up earlier, it's hard to look at that and and not realize that something is going on, that something suspicious is going on there.
• 43:39
  Speaker 2: Right. Right. It's an it's anecdotal. You're hearing it, and now I got the doubt. Like, you marry the two, you're, you know, you know, when they tell you not to believe your lying eyes, you know something's off.
• 43:51
  And that's what they're telling the mainstream media and everybody, the governments of the world, don't believe your lying eyes. Deaths, disabilities, and now sick people everywhere.
• 44:01
  Seth Holehouse: And so, you know, for folks that are concerned about this, again, this this freight train of central bank digital currency, which I'm one of them, what what can we do? I mean, you know, because is it, you know, one day that they're gonna say, okay, this is now being rolled out and your your, you know, dollar denominated assets in the bank are being converted to our digital kind of our digital version of that? Mean, I know we don't know exactly how it's gonna happen, but, you know, what are some things that we can do to kinda protect ourselves against that? Because that's I mean, it's it's it's very serious, the threat of it is, and the threat to our freedom.
• 44:37
  Speaker 2: Well, what I've been doing, I've been telling lots of people to do, and again, we need to spread this word-of-mouth, is use cash for everything you can. Stop using your credit card, your debit card, you know, your Apple Pay. I show up with cash for Costco, restaurants, haircuts. And the only thing I, you know, I pay online is occasionally if I need a specific item from Amazon, which is rare. Or my the good news is my rent is set up, so draws directly out of my checking account, which is the next best thing to cash.
• 45:15
  So try to eliminate the intermediaries and the electronic pay. Use the cash. And I went to Washington, D. C. To speak for senator Ron Johnson.
• 45:25
  I was in the airport. I went up to buy, you know, a bottle of water, they said, we don't take cash. And I go, this is legal tender. I will never buy anything from you. And the guy said, hold on.
• 45:35
  Hold on. Hold on. And he had a side business where he had cash. He charged it on his credit card, I gave him the cash, he gave me change. You can't make this up, because I guess I'm not alone.
• 45:50
  I guess a lot of people are like, no, you take the cash. So they were losing business apparently, and he set up a side system where, you know, I'm sure I'm sure he, you know, it was good for him.
• 46:01
  Seth Holehouse: And that is kind of crazy because if you look at that as a metaphor for how things work, that's a parallel economy, right? That's that's someone saying, we're gonna try to force you into the digital system. And, you know, he's saying, well, that's I'm not kind of like that. So I can imagine the future that we're gonna see, you know, shopkeepers say, a, you know, cash or them, you know, I'm seeing also more people saying, look, we accept silver. So it's like, okay, well, how about you pay, you know, in one ounce, you know, silver coins to pay for you know, I have friends that or even I have friends that even pay with ammunition.
• 46:30
  Say they they're local electrician. They'll say, okay, I'll give you, you know, you know, 2,000 rounds of nine millimeter to to do this job. So these parallel economies are emerging amidst all this.
• 46:42
  Speaker 2: Absolutely. And look, I live on Maui, and there's what before any of this happened, there was what was called work trade. So a massage therapist will give a massage for someone coming over and repairing the ledge of their lanai with a board. You know? So that happens.
• 47:01
  And there's going be I think I think if they do this, there will be an alternative economy that rises because freedom is hard to keep down.
• 47:09
  Seth Holehouse: And so so a different question I have is, you know, you're tapped into things and you have a lot of notoriety in ways that that, you know, a lot of us don't. And I imagine that because you become such a central figure in this this movement really of of bringing the truth to people, whether it's through your appearances on on Bannon or I watched your recent interview with Alex Jones and really enjoyed that, you must get a lot of people reaching out to you. And I think that, you know, from my perspective and the perspective of lot of the audience, it's easy to look and think that really anybody that's, say, at a certain level of status in society, they're in this club. Right? Whether it's the wealthy, you know, kind of business owners or the big executives, really feels like they're all in this club and it's kind of like them versus us.
• 47:55
  But I would imagine that a lot of those people also are realizing that they're not in the club. I mean, if you look at what's happening with the the Thai princess as an example, and the, you know, the royal family of Thailand realizing that their own family has been poisoned by this. So from your vantage point, are you seeing that there's actually a lot of pretty powerful people that are also realizing that this the same weapon has been pointed at them?
• 48:23
  Speaker 2: Absolutely. I mean, I can't give names, but I I've heard with very good sources that, you know, a majorly wealthy person in America took the vaxx, and they're not happy about it. They didn't get the call, apparently. I don't think a lot of people got the call. I'll let Wall Street.
• 48:40
  These these, you know, people that make you know? Yeah. The typical senior Wall Street guy makes a couple million dollars a year. That's a lot of money. They got poisoned.
• 48:50
  So there's that works for consulting firms, they got it. The lawyers, they so every it's this was not well thought out if it was a plan. I don't know whether the vaccine was mistakenly screwed up or it was done. I don't know. But what I do know is, ninety nine percent of the people I'd say ninety nine point nine percent of the people took it.
• 49:14
  They took it. They didn't get to say I don't believe this they got saved. A lot of conspiracy theorists say they they got saved when I think these people took it because I know they're worried about it. And, you know, there wasn't a special memo you know, something like that, you couldn't keep buried if people got the memo, don't take it, tell your I mean, this this would already be out. So whoever was in the club, if it was a club, it's a tiny club, very tiny.
• 49:42
  So America needs to wake up. They were poisoned. We need to have a kumbaya moment, and figure out what's going on and heal. Because, you know, sticking your head in the sand, denying reality is gonna get you nowhere. And if you continue to, like, not listen to the truth and keep taking boosters, you're gonna adversely affect your health for a vaccine that we know doesn't work.
• 50:07
  I mean, at this point, if if you're taking it, you got problems mentally. I'm sorry. It doesn't work.
• 50:14
  Seth Holehouse: Yeah. And it's interesting because actually, someone I've followed for quite some time is Grant Cardone. I used to read his business books, you know, years ago and and because I used to do a lot of sales. That was helpful. He saw, think that he I think that by now he's in that billionaire club.
• 50:27
  He's very, very influential. But he's also been someone that has now stepped out and is really speaking about this and questioning a lot of this. It seems like the vaccine has become the uniting factor that people because a lot of I mean, I think even proportionally, a lot more people that were more liberal took the vaccine, even though the people on the other side, a lot of them took it, but there are also many others that were warning them against it. So it seems like this is really bringing people together. Because it's like if we realize that, you know, I don't care what, you know, politician's sign was in your front yard.
• 51:02
  I don't care, you know, by any of that. It's like you were poisoned, I was poisoned, like we have to fight against this. So are you do you think that we're and do you think that we'll be able to hit a critical mass in the amount of people that are waking up, but also the people that have much more power and influence finally stepping forward?
• 51:21
  Speaker 2: I think both. So, like, when I started this journey and I was on Maui and the mandate started to protest this, you know, 90% of the island went running off the cliff. And those of us who stood who were standing at the edge of the cliff, we looked to our right and our left, and we were like, well, I didn't expect to be hanging out with you. Red, blue, hippie Wall Street guy, black, white, local Hawaiian, Hispanic. It didn't matter.
• 51:48
  Asian and gay, not gay. Mean, it didn't matter. What we all had in common was this is nonsense. This doesn't feel right, and we're team humanity. And that's that's the beautiful thing of all this.
• 52:01
  And, you know, you know, people like doctor Naomi Wolf, she's an avowed liberal feminist that wrote for the Clinton speech writing, and here she is on Bannon screaming at the top of her lungs. Something something awful has happened to us. We need to put aside our differences and figure out the who and the why and stop it. Because whatever went went down, it's the most egregious thing we've ever seen. And I think you're right.
• 52:25
  I think billionaires are waking up. I think a lot of powerful people are waking up, and, you know, I'm doing my best to kind of break the spell. I'm one of many. The the good doctors led the way. They saw this early.
• 52:37
  I said, wow. These guys seem to be saying something different, and they're being censored. And that's just my nature. I'm like a moth to a flame. If you're censored, I wanna know what you're saying.
• 52:46
  I mean, censorship never works because people with inquisitive minds, oh, you don't want me to hear that? F you. I'm gonna go hear that. Yeah.
• 52:56
  Seth Holehouse: It's funny because I was just telling the story to a friend earlier today of when I was camping as a little kid, and I saw these beautiful orange glowing rocks, you know, by the fire. And my dad said, don't pick up those, don't touch them, they're gonna hurt you. And of course, it's like, of course I'm going to. It's like, this is for a magical treasure. You know, I picked up a hot coal and I learned my lesson really quickly.
• 53:16
  But I think that, yeah, there's a lot of people that are that are like that you say don't do it. And my natural reaction is, well, why not? I'm gonna do it anyway.
• 53:24
  Speaker 2: I'm gonna go find out for myself.
• 53:26
  Seth Holehouse: Exactly. Yeah. So for the folks that are you know, watching, what's because a lot of people they're they're they really feel that we're in this fight. Like they they've woken up to this and they're they're nervous about it. They're seeing what's happening across the world, you know, everything's kind of crumbling, but they're just have this calling that they want to do something for this.
• 53:46
  So for people for the average person that doesn't have a huge reach forever, how can people participate? How can we work together more to get more folks to understand what's happening?
• 53:59
  Speaker 2: Well, the first biggest problem we have is there's a lot of us now, but with not enough. We need to inform more citizens. And so my goal in writing the book, Cause Unknown, was to be able to give it to your loved ones to hand to people, and it's a you know, it does a good job of waking people up because I read about the who and the why. It's just the facts. We've also put a body of work together on finance technologies websites spelled p h.
• 54:24
  And the reason why we did that is we wanna document everything, and it's it's literally a force multiplier. We can't be everywhere all at once. I can't do every podcast. I can't testify in front of every committee. But people can take this data and show up at local school boards.
• 54:41
  They can go to, their doctors, and they can start spreading this information to the point it's under the humanity project. That's where it all lies. And it's we've you know, we've put hours and hours of pro bono work into this, and we've made we're not making any money. No one's funding us. It's just the hardcore data.
• 55:00
  It is what it is. And, you know, it's true. And I if you wanna be a force multiplier, do that. Buy the book, hand it to someone, or use the website, print out some of our reports. It's free to the world.
• 55:13
  That's how important this is. We've done it pro bono. We've made no money, and no one's funding it. So it's not there's no there's no Bill Gates and Melinda Melinda and Bill Gates Foundation funding this study.
• 55:27
  Seth Holehouse: Well, that's yeah. Well, that's good. That's a that's a crazy thing too. I mean, this is a little side point, but, like, you know, I've done a lot of research on things and you start to look at these these NGOs and everything and you look at how they're all funding, you know, women's health, which is really eugenics, and you just see it's this giant incestuous circle where they've got, you know, probably trillions of dollars flowing around between their own initiatives. And but, you know, it feels like very imposing.
• 55:56
  But as you as we're talking about, like, I foresee the same thing happening on the other side of this. I see foresee the same thing happening where you've got a billionaire that says, you know what, like, I want to build a hospital that's not going to be pushing this, you know, kind of Rockefeller medical system or people saying, look, we're gonna build a system for schools, we're gonna build a system for, you know, all these other different areas where they've tried to control us, and it just it's the human spirit that will live on and say, you know, we're we're gonna build something else. We're not gonna, you know, kind of play into what you're trying to do.
• 56:28
  Speaker 2: Yeah. I I was told by a friend that he knows a couple billionaires. It's dawning on them that they're not in the club. Not that they thought that but they're they didn't they thought they were rich people that, you know, enjoyed what they thought was America. And now they're starting to realize, well, something's going on, and I'm not in club, whatever it is.
• 56:49
  And they're wanting to help. So that's the good news.
• 56:52
  Seth Holehouse: It is. It is. And I I actually feel I mean, in talking to you, I do feel hope. As as much as it is, you know, there's a lot of doom and gloom stuff. I do think that at the end of the day that enough good people will rise up.
• 57:05
  And and I look at it almost as if it's a test. It's like, how how would we position ourselves? How would we show God what we're really made of if we're living in a world where there's no threats and there's no, you know, there's nothing to lose? I think that a lot people, they're actually standing up now. They're really showing that they care about humanity, they care about virtue, and they're they're proving it, which really does give me hope.
• 57:30
  Speaker 2: No. There's a lot of hope. And again, there's a big economic downturn coming, and just accept it. Don't be in fear of it. It is.
• 57:39
  Cycles are natural. They happen. And they've been trying to put this one off as long as they can, but it's gonna happen. Don't be in fear about it. There'll be lots of opportunities.
• 57:48
  Make sure you build a community of like minded, you know, individuals around you, and enjoy life. I mean, it's not gonna happen all at once. I mean, you know, I live in the present moment a lot, and, you know, the world isn't ending today. It's gonna be okay. The sun is out.
• 58:02
  You know? I'll go for a jog. So the point is, be in acceptance of what's coming is beyond most people's control, but also don't fear it. I mean, it's not the end of the world. I lived through the financial crisis.
• 58:13
  Lots of people thought it was the end of the world then, and it wasn't. It's just not gonna happen. Well, when the world ends, it'll end and, you know, hopefully I, you know, I I go to heaven, but I don't think it's ending anytime soon, and I'm just living day by day. So just try to change things locally, get involved in the fight, and don't be in fear. I mean, that's that's the best advice I can give.
• 58:33
  Seth Holehouse: Well, great. Well, those are some good notes to end on. And so, Ed, thank you so much for coming back on the show. It's really a pleasure talking to you. Hope that some I'll come visit you in Maui.
• 58:43
  I would I'd love to have an excuse to go out to Hawaii, but it's just it's a pleasure speaking with you. And honestly, thank you for what you're doing. Thank you for really being a voice and being a mind, pulling this information out there, getting it out there. You're you're playing a lot of you're playing a very important role. And I would say that you're actually saving a lot of lives.
• 59:01
  You you truly are.
• 59:04
  Speaker 2: Well, that was the main goal. I don't care about anything else. I'm doing this. And if I can save, you know, just one life, it's worth it. And hopefully, I've saved many more than that.
• 59:12
  That's it. Everything else is kind of nonsense. And can I control the outcome? No. But I can do the best I can.
• 59:20
  Seth Holehouse: Great. Well, thank you again for coming on.
• 59:23
  Speaker 2: Thank you. Have a great, afternoon.
• 59:26
  Seth Holehouse: Thank you.