Latest / TFTC: A Bitcoin Podcast / #799: The Economic Revolution Is Already Here with Susan Kokinda
Transcript
- 0:00You've had a dynamic where money has become freer than free.
- 0:10When you talk about a Fed just gone nuts, all the central banks going nuts.
- 0:16So it's all acting like safe haven.
- 0:18I believe that in a world where central bankers are tripping over themselves to devalue their
- 0:23currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.
- 0:28I mean, that's part of the bull case for Bitcoin.
- 0:31If you're not paying attention, you probably should be.
- 0:36Susan Kikinda, welcome back to the show.
- 0:39Good to be here.
- 0:41Well, glad to have you back as we approach midterms here in the U.S.
- 0:47Last time you were here was about 10 months ago, beginning of December of 2025.
- 0:51And I think this is a good check-in period because you made some calls about Q2 and Q3 at that time when we last spoke.
- 0:57And obviously we have the luxury of retrospect today as we speak.
- 1:03So you expected, particularly around the tariff regime and the reindustrialization of the United States, that the tangible effects of the policies that were put in place when Trump got back into power would come in Q2 and Q3 of this year.
- 1:20So with that in mind, how has the Trump administration done in terms of the economic policy they laid forth in Trump, too?
- 1:29Well, it's pretty clear, especially since the Dallas Midterm Convention, that the administration is really drilling down hard on the fact that these policies are beginning to take effect from the standpoint of construction jobs, manufacturing.
- 1:49you know, Trump, Vance, they're out there literally every day now, whether it's in Ohio or Alaska or
- 1:56Oklahoma. And they're talking about, you know, the jobs that they're bringing, this brand new steel
- 2:02mill in Iowa, which is going to have 6,000 construction workers and then 1,700 permanent
- 2:08workers ultimately. So that's all there. And when you look at the government statistics, you look
- 2:15at, for example, the BLS statistics, what you see is something very interesting, which is starting
- 2:22when we spoke back in December, since you mentioned that date, I can't believe it was that long.
- 2:28What you actually see is what manufacturing employment had been doing up until then,
- 2:35because it's clear it takes time to actually get these things going and moving. But starting in
- 2:40December of last year, it starts to do this. Manufacturing employee has been steadily growing
- 2:46now. Then it plateaus for a couple of months right after the Iran conflict starts. But what's really
- 2:52fascinating, I think, is that the increase in manufacturing jobs only plateaus for a couple
- 2:59of months. And then it starts to shoot up again to where it is today. So part of the challenge
- 3:06that we face in terms of the midterms is obvious. While you've got an underlying fundamental
- 3:13restructuring of the U.S. economy, which is beginning to show itself in these jobs,
- 3:19in the fact that the poverty level is dropping, and childhood poverty and Hispanic poverty are at
- 3:26all-time lows since we actually started counting them. In other words, you're seeing a durable
- 3:31shift in the population's ability to have decent paying jobs that will actually raise a family.
- 3:41But does everybody feel it necessarily in those terms? Because even it's not that many people,
- 3:48for example, who've gotten these manufacturing jobs. The trajectory is this way, but it's still
- 3:54a relatively small number of people who are actually taking in those paychecks at this point.
- 3:59And then you've got the headwinds from the conflict with Iran.
- 4:04Or to really put it more appropriately, you have the headwinds from the fact that we've
- 4:10had a crappy economy and we have crappy allies.
- 4:15And that's manifesting itself largely in the price of gasoline and the price of diesel.
- 4:21You know, and what I mean by that is the barrels of oil are now coming out of Iran.
- 4:25That's no longer the issue.
- 4:28So why are the prices still high?
- 4:29Well, because the Democrats carried out a war on energy and shut down our refineries and shut down our producing capacity and so on.
- 4:37Why is diesel high?
- 4:38Trump has said it.
- 4:40The guy that the Democrats put in, basically, Zelensky, is bombing Russian refineries, which is affecting the price of things otherwise.
- 4:48So you have this kind of what I call the pain factor.
- 4:52The pain factor being deployed, I would suggest,
- 4:57deliberately against the American people
- 5:00so that as we head into this critical 30 days,
- 5:03going into the midterms, people aren't looking
- 5:06at the really fundamental restructure or they hope let me put it that way they hope people won look at the fundamental restructuring of the economy which means a durable good future for more and more
- 5:20and more of our fellow Americans. They hope that people will just be reacting to the short-term
- 5:26pain at the pump. So I have a certain faith that enough of Americans are actually going to see this
- 5:35thing through and recognize that you're in the opening phases of an actual economic revolution.
- 5:41The fundamentals are there, but this temporary pain, you know, is obscuring it for a lot of
- 5:48people. But I think that's the message that we've really got to drive home on.
- 5:53The economic revolution is real and you should vote for it.
- 5:58Well, I think President Trump was, I forget exactly where, which press conference it was,
- 6:03but he said something along the lines of the GOP or the Republicans have done a bad job of messaging that this economic revolution is well underway.
- 6:14And if you look at statistics like PMI and labor wage growth, it is up and to the right a little slower, maybe not as widespread as many people would like.
- 6:26But with 30 days left between now and midterms, how imperative do you think it is to really get that narrative and get that narrative out there and highlight to Americans that this is happening?
- 6:39Because if I'm looking objectively, I think that is the one thing that they've really dropped the ball on is messaging.
- 6:48Yeah, I know.
- 6:50He's the president said it.
- 6:52J.D. has said it.
- 6:52They've said it.
- 6:53We say it.
- 6:54It's why we do what we do, because I think we message better than the administration, you know, in terms of these questions.
- 7:01But I think the president's going to take every single day between now and November 3rd to find some way, you know, to really make that message absolutely clear.
- 7:12And who knows? He may have some of his own October surprises up his sleeve in terms of maybe some of these conflicts being resolved.
- 7:20But at the same time, he was also very clear at the United Nations where he said, I'm not making my decisions on Iran from the standpoint of the midterm elections.
- 7:29There's something much bigger involved here.
- 7:31And I'm not going to sacrifice that for short term political gain.
- 7:36So, you know, when you think about it, you think of all the people throughout their lives who probably said at one time or another, gee, I wish I had a president who acted on principle and not pragmatism.
- 7:46And that's what this president is doing.
- 7:48And now people are complaining about it. You know, some people have to do a little bit of a mental recalibration themselves, I think.
- 7:57Yeah. And I think I'm excited to get you on now because there's so many balls in the air with the reindustrialization in the U.S. here.
- 8:06domestically. I know you've been covering the two cities problem between the two cities trap
- 8:12between the U.S. and China, where that may end up. Obviously, we have riots in France. You have
- 8:18the spread between the French Oatbond and German Bund blowing out to Greek credit crisis levels.
- 8:26And then Canada to the north, they're making moves. I believe Quebec is voting today on
- 8:31whether or not they will secede from Canada or at least move in that direction.
- 8:37And then obviously Iran, Ukraine, Russia still on the borders, a ton of balls in the air.
- 8:43And I think you do an incredible job of weaving them all together into a coherent narrative.
- 8:48So no direct question other than what is the best way to look at all these disparate events
- 8:57happening globally and where we may be in terms of coming to a resolution with any one of them,
- 9:04or what are the motives behind these different proxies going on around the world?
- 9:12Well, I think it's actually good that you throw them all out there at once, because I think it
- 9:17does illustrate a more fundamental point, which is for literally 125 years, I mean, I date as a
- 9:27certain marker, 1901. It's when McKinley was killed, assassinated, our last American system
- 9:33president. And if you think about it, there's a certain symmetry to this because that is literally
- 9:39halfway between now and 1776. So take this last 125 years. What is characterized most of that 125
- 9:49years, the United States was increasingly coming under the thumb of British imperial policy.
- 9:59Coming out of World War I, you look at things like the roundtable, you look at institutions
- 10:06that are set up like Chatham House and other institutions and discussions in Britain among
- 10:13the elites. They were all basically saying the same thing. Okay, we're not going to defeat the
- 10:18United States We tried that a couple of times in the last centuries and it hasn worked Now we have to capture the United States Now we have to make the United States our dumb giant enforcing our imperial policies
- 10:32And one of the key elements to that was you take that knowledge away from people.
- 10:39In other words, the fact that there's an independent American economic system, an independent
- 10:44American foreign policy, which is based on national sovereignty.
- 10:48You write that out of history. And what dominates certainly the policymaking elites in this country for 125 years, and then increasingly just sort of the common discussion within the population, is this idea that running the world from the standpoint of private financial interests, running the world from the standpoint of British geopolitics, you know, countries being maneuvered against each other to keep the elites on top.
- 11:17this entire British matrix has basically gone largely unchallenged. A couple of presidents
- 11:25stepped out of line. One of them was John Kennedy, and we know what happened to him.
- 11:29But what you've had, again, for 125 years is a system of central banking and wars run on behalf
- 11:37of the empire to keep the central bankers and these powerful financial interests in power.
- 11:43So along comes Donald Trump, and this is what he is disrupting.
- 11:47He started to do it in his first term, but they were kind of ready for him.
- 11:52And it was limited what the president could actually accomplish in his first term.
- 11:57Some of it had important effect, but nonetheless, it was limited.
- 12:00And they were assuming we've taken care of Donald Trump.
- 12:03We don't have to worry about him again.
- 12:05But here he is back with the 2024 victory and with a cabinet that is completely in sync with everything that he is trying to do, which is overthrow the last 125 years of British imperial policy.
- 12:23Now, you know, and obviously the economic side of it is repealing the whole free trade policy and re-industrializing the United States. This takes time. And again, we're just beginning to see the fruits of it.
- 12:39And the other part of it is dismantling these imperial institutions. My colleague, Barbara Boyd, just made an interesting comment in a discussion we had. She was talking about the elections in South America. And of course, in Brazil, Bolonisaro is leading. It's going to be a runoff, but he's ahead of Lula.
- 12:59And this just is a pattern of nationalists winning throughout South America.
- 13:05And she made a very interesting point.
- 13:07This has all happened since USAID was dismantled.
- 13:11So, you know, maybe you dismantle these forces that go in and intervene on behalf of the
- 13:19globalist system.
- 13:20And all of a sudden, you see nationalist governments, you know, having the opportunity to actually
- 13:25win in South America.
- 13:27And everything else that Donald Trump is doing, pulling, you know, pulling back, pulling out of some supranational organizations like the Paris Climate Accords, pulling back from NATO, pulling back from the United Nations and establishing these bilateral foreign policies where it's simply nation to nation.
- 13:51Trump's relationship to China is not as two pawns on a geopolitical chessboard, which
- 13:57is what it has been in most of the post-war period.
- 14:01It's Trump saying, I'm going to do what's right for my country, and Xi Jinping saying,
- 14:05I'm going to do what's right for my country, and Donald Trump saying, that's okay with
- 14:09me, we're going to fight it out, because on that basis, we can do something.
- 14:13And that is how he is reshaping things.
- 14:15So all of the things that you mentioned are just what you're actually seeing is the turbulence that is coming out, coming about over the fact that you have an administration which is literally undoing the architecture of the last 125 years economically and strategically.
- 14:35So it gets a little messy.
- 14:37Well, let's dive deeper into the relationship with China, because I think the mainstream narrative is particularly focused on the race with artificial intelligence, now super intelligence, after last week's press conference the week before.
- 14:55many people, many pundits here in the West say it's an existential race to win, to get the AGI
- 15:02first, so you can have one or the other be the predominant superpower in the world. Following
- 15:09your commentary in recent weeks and months, it seems like it's not all what the mainstream will
- 15:16lead you to believe in that terms. And to your point, it's more of a sort of nationalist US saying,
- 15:23hey, we want to take care of our interests.
- 15:26China similarly thing.
- 15:27We want to do the same.
- 15:29And this ties back to the national security strategy that was released last year which is why it came on initially 10 months ago But what are the misconceptions in the mainstream in terms of what is happening between the U and China right now
- 15:46Well, I think the main problem is not even a misconception. I mean, most of your mainstream
- 15:52media of both varieties, left and right, Fox is just as wacky on these questions as MS now.
- 16:00Now, you know, is this British great game geopolitical concept that there are always
- 16:08going to be permanent enemies, you know, or there is an enemy of the day, which has been
- 16:14picked by the man behind the curtain, basically, to keep the world constantly, keep the superpowers
- 16:20constantly at each other's throats so that this little financial and imperial elite sitting
- 16:27on top somehow still maintains all of the control. And that's how China's relations with
- 16:34the United States are constantly being presented, that this is going to be an existential enemy
- 16:40forever and ever and ever. Now, the Chinese Communist Party is not an entity which we want
- 16:50here in the United States. But it's also important to remember it hasn't been around that long.
- 16:55it really has only emerged in the past 80 years. And this is in 80 years that once again,
- 17:05these British geopoliticians have very much been in the driver's seat. And again,
- 17:11from this standpoint of Soviet Union versus the United States, communist China versus the United
- 17:16States. And again, in the meantime, they're sitting up on top. But go back a little bit
- 17:21further in terms of China. Go back to China at the turn of the 20th century and the founding of
- 17:27modern China with Sun Yat-sen. Sun Yat-sen was a passionate follower of the American system of
- 17:35political economy. He understood it far better than I'm sure your average American understands
- 17:40today. He was a follower of Abraham Lincoln. His three principles of the people were based on
- 17:47by, for, and of the people from the Gettysburg Address. You have a tradition in China,
- 17:54which is historically very close to the United States. What else do you have in China?
- 18:00You have the fact that they were among the world's most biggest victims of British imperial
- 18:09policy, namely the Opium Wars back in the 19th century. So it's important when you're thinking
- 18:17about China to realize there's another tradition there besides the CCP. And these things don't just
- 18:23disappear. They're there. And I think what the president is very conscious of, whether it's
- 18:31precisely in the historical terms that I just outlined or not, is that in every country,
- 18:37there is probably something which genuinely represents the national interests of its people,
- 18:43aside from whatever ideological superstructure is sitting on top of it.
- 18:48And that's what he's trying to speak to.
- 18:50And I think he probably believes that Xi Jinping is the closest representation
- 18:55you're going to have of that inside China,
- 18:59which is why I think he goes out of his way to give him the bolstering that he often gives him,
- 19:07because he recognizes that this is a man and a grouping in China
- 19:12that we can at least peacefully work out our differences with, as opposed to, let's say,
- 19:21if we were in a world between the John Boltons of the world and the hardcore CCP of the world,
- 19:26yeah, we probably would be in World War III, not too far down the road. So, I mean,
- 19:32people have to think not from the standpoint of things. China bad. It's like people who still
- 19:39carry over? Russia bad, because it was the Soviet Union. Well, it's no longer the Soviet Union. It's
- 19:46no longer communist. And actually, it's probably more Christian than the United States is right now.
- 19:52So why are you carrying over this idea? Russia actually grew out of communism.
- 19:58Maybe China can too. You know, did people see that happening in 1989 when the Berlin Wall fell?
- 20:06Very few people saw that.
- 20:07I happened to work for one of the people who did, but very few people saw that.
- 20:11So maybe President Trump is looking at some kind of future like that down the road in terms of his relations with China.
- 20:18And in the meantime, yeah, we probably shouldn't blow up the world over Taiwan.
- 20:23Yeah.
- 20:23I think turning this to Iran now, because I think that's where I've been doing a Monday
- 20:31show with my partner, John Arnold, and we've been covering the Iran situation closely.
- 20:36And it seems like Iran being used as a leverage point, obviously, in the Middle East, but
- 20:42also with China to get them to negotiating table, particularly around oil, diesel, as
- 20:50well. And so how does Iran play to this? How do you see Iran playing out in the next few months?
- 20:57From what I can see, it looks like oil is making its way through the strait. Yes, prices are still
- 21:02elevated, but that probably due to the refinery issue, which you described earlier.
- 21:08And it seems like it could be solvable if flows out of the Middle East continue apace and get back
- 21:15to pre-war levels, which on some metrics, they are. The refined products, not so much, but the
- 21:22raw crude is definitely getting to pre-war levels in terms of supply hitting the market.
- 21:30What do you see happening in Iran during the rest of the year?
- 21:33Well, I think there's, I mean, I think there's two things, you know, and Scott Besant has been
- 21:37very clear on this. This has been a very deliberate strategy. You know, would, do we all hope that the
- 21:43IRGC had thrown in the towel after the kinetic phase of it. Sure, we all hope that, but it didn't.
- 21:51You know, as my friend General Holt always says, in war, the enemy has a vote, and the IRGC keeps
- 21:56voting because they're just not going to give up. So we went from the kinetic phase to the blockade
- 22:02phase, and now we're in the economic strangulation phase with Operation Economic Outcast. And I think
- 22:10that is what is now going to be the killer blow in terms of this regime, because they simply cannot
- 22:15survive what the United States is doing to them economically at this point. The IRGC is not just
- 22:23military. I mean, they ran 60% of, directly, officially ran 60% of the Iranian economy.
- 22:31And that's precisely the sectors of the economy that Besant and the Treasury are targeting.
- 22:40So they're strangling that regime in a way that I don't think they can escape.
- 22:45Now, President Trump has been very clear, he said on a number of occasions, this thing's
- 22:50going to end after the midterms.
- 22:51Now, why does he say that?
- 22:52Does he have some 30-day military strategy?
- 22:55No, he knows that the IRGC is hanging in there, hoping that the Democrats are going to win
- 23:01the midterms.
- 23:02I mean, that's why the IRGC sent this letter to the American people a week ago, you know,
- 23:08saying, you have the chance to change things. Now, what's actually very interesting about that
- 23:14letter, and I just did my Monday show on it, is unlike a lot of people who saw the headlines,
- 23:19I read it. And I really wonder if somebody in Iran wrote it or somebody at Chatham House wrote it,
- 23:27or the Council on Foreign Relations, because it completely rewrites the history of Iran
- 23:32and the United States. It blames the United States for the overthrow of Mossadegh
- 23:37When everybody knows this came from, I mean, yeah, the Dulles brothers went along, but everybody knows this was British policy because Mossadegh had nationalized British Petroleum, Anglo-Iranian company it was called at the time, right?
- 23:51This entire 25-page screed put out by the IRGC talking about the entire post-war period never mentions Britain once, never mentions what the actual history of this region is, which is that Iran is one of many, many, many different proxies that the imperial elite have used to keep the Mideast under their control, constantly at these levels of warfare.
- 24:21sometimes simmering, sometimes the history of the perpetual wars we've seen since the 1990s,
- 24:28where tens of thousands of our people are casualties and millions of people in the
- 24:34Mideast are casualties. The president had been very deliberately pulling the plug on all these
- 24:42imperial proxies, going all the way back to his first administration when he went to Saudi Arabia
- 24:48as his first foreign trip and told the Saudis to stop supporting Islamic fundamentalism.
- 24:55And they did.
- 24:57You know, he's been very, and then he set up the Abraham Accords.
- 25:00And now we have the Board of Peace to try and actually resolve the crisis in Gaza.
- 25:05All of these things are moving.
- 25:07But sort of the last hardcore proxy that the British could push that button, you know,
- 25:14and get the response they want was the IRGC.
- 25:17and I think Trump is taking it out. But again, the IRGC pretty much said it, oh no, we're going to
- 25:25wait out through the midterms because we want to try and hurt Trump. We want this to play into the
- 25:29political equation in the United States so that maybe we'll have a lame duck president and we'll
- 25:35have a lot more people who are more friendly to us. Will they last through the midterms? I'm not
- 25:41really sure given what Besant is doing economically. But those are the different elements of this
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- 28:10Moving to Europe and Canada specifically again, rounding this out as we go around the world.
- 28:19what do you see happening there?
- 28:22Obviously, we had riots break out in France
- 28:23over disgruntled students fighting for better treatment in schools
- 28:29and better services in schools.
- 28:31You have Mark Carney in Canada openly saying
- 28:36that he would like to tie his nation's head closer to Europe.
- 28:42And it seems like there's a realization happening across Europe and Canada
- 28:48that their lack of investment in an actual economy
- 28:53over the last three to four decades
- 28:55is coming to bite them in the ass
- 28:56that the U.S. isn't here to bail them out.
- 29:00And I think you would portray the European Parliament,
- 29:05European Union, and Mark Carney
- 29:07as sort of shoe-ins for the city of London
- 29:11or fronts, facades for the city of London.
- 29:14How desperate are they right now?
- 29:16Oh, I think they're very desperate. Because look, think of it, think of the old adage,
- 29:23you know, empires rise and fall. And they do. And there's a reason for that. Because imperial
- 29:31economic policies are based on looting and stealing, not building, not growing. There's
- 29:37never a future for an imperial system if it doesn't have some new place to go loot, because it just
- 29:45eats its own population. And that's what you've seen in Europe. That's what you're seeing in Canada,
- 29:52where they, you know, foolishly continue or criminally continue to impose insane ideologies
- 30:02like free trade, where China is taking advantage of it and it's wiping out the European auto
- 30:08industry. The green policies, which have destroyed their ability to produce even if they weren't
- 30:15competing with Chinese EVs. So what you're seeing in Europe and Canada is countries which
- 30:24are being literally sacrificed on the altar of these globalist policies by leaders who care
- 30:31nothing about their populations. And you can see it in Canada with Carney in these trade negotiations.
- 30:36It made no sense for the Canadians to walk out of those trade negotiations. It made no sense
- 30:43economically. It only makes sense politically when you understand Carney's portfolio is to
- 30:49try and stop Donald Trump. And so he's trying to use the tariff retaliations coming now from Canada
- 30:58to, again, damage Trump going into the midterms. And his industry minister came right out and said
- 31:06it Melanie Jolie She came right out and said we are targeting these tariffs politically against specific states I mean she come right out and said it So they trying to hurt Trump politically And of course what the impact
- 31:23on them economically? Well, one of their big Ontario steel plants just announced they're
- 31:28laying off 500 to 900 people. And across the board, for all of Carney's huffing and puffing
- 31:34about Canada strong, their economy is just an extractive economy where everything gets shipped
- 31:42out of the country, raw materials, just like a colony, and the population itself is collapsing.
- 31:49So that creates a certain kind of desperation among the European elite, among Carney, because
- 31:57they're trying to confront this change that Donald Trump is leading in the world with not
- 32:04too many arrows in their quiver, which is why the danger of war with Russia is definitely
- 32:12something people should not be ignoring.
- 32:14The Europeans and Kearney are just going to keep egging Ukraine on, excuse me, to the
- 32:20last Ukrainian, because a defense mobilization might be the only thing that saves their economies.
- 32:27Um, but they are very, very desperate. There's no doubt about that.
- 32:34What do you think the likelihood, I mean, they're desperate few hours in the quiver.
- 32:38So, and I'm assuming war with Russia is like the nuclear option. Okay, let's send them in.
- 32:44What do you think the likelihood of that is at this point?
- 32:48Well, it's, you know, you have to be quite mad to, you know, to push it that far, but desperate people are mad.
- 32:56I mean, I'm not ruling it out. You know, I'm not one of, you know, people running around saying we're going to be at war with Russia tomorrow, because part of it is Putin. Putin also understands the dynamic. He understands it's coming from Europe. He understands what Trump is doing. He gets along with Trump. When it comes to standing up to the globalists, Putin and Trump are pretty much on the same side.
- 33:20So I think the major mitigating factor in all of this is two things. Number one, Trump is going to pull the string back wherever we have the power to do so. And Putin also understands just how crazy these people are and hopefully is going to give Donald Trump the time to actually end this war and to really shut down the system that is creating these imperial puppets.
- 33:50you know, who are driving us toward war. But it's something that people should not ignore.
- 33:55It's real. Yeah. And bringing this back domestically, how how much credence can we put
- 34:00in polling data that's coming out leading up to midterms? I think there's been a lot of
- 34:05discussions I've been following on X. It looks like I forget if it's the House or the Senate.
- 34:11One of the looks like one of them will say with Republicans and one is going to go towards
- 34:16the Democrats, but I've learned to not really trust the polls. But then you read the tea leaves
- 34:24of public sentiment on X, and it seems like the Gen Z is a bit disenfranchised with everything
- 34:30that's going on and everything that has gone on since Trump started his second term. A lot of
- 34:37the younger generation, and particularly the males who were hoping that immigration policy
- 34:42would be aggressive and immediate, has not met their expectations. And this is having knock-on
- 34:49consequences in the sense that they can't get good jobs. At least that's their perception.
- 34:54What do you think about the polling heading into midterms? Is it accurate? What should we be
- 35:00looking at? And what would you say to- No. I mean, have the polls ever been accurate?
- 35:06Have the polls ever been accurate related to Donald Trump? No. No. I mean, I dismiss the
- 35:11tolls completely. Now, that being said, am I going to make a prediction myself? No. But what I will
- 35:19say is that if the administration continues what it has kicked off since the Dallas Midterm
- 35:27Convention, where it is going to be out there every single day, painting a picture for people
- 35:33of what this nation is becoming. And again, this is the challenge. The enemy is hoping
- 35:40that people will vote from the standpoint of what I feel today. But a citizen of a great republic
- 35:48should be voting from the standpoint of where do I want my country to go? And is it going in that
- 35:57direction? And I think the administration is going to be spending every minute of the next
- 36:02four weeks, you know, delivering that message, which I think is more subjective. It's as much
- 36:10subjective as it is objective. Everywhere they go, they're going to point to some big economic win.
- 36:16In Ohio it was Stellantis Bayer and some aerospace company But there a subjective side to it And J Vance said it And I think this gets to the Gen Z question When he was in Texas and he was talking about the
- 36:34new shipbuilding facility that's going to be built there, and it's going to employ 10,000 people.
- 36:40He said, it's not just 10,000 jobs. It's 10,000 boys and girls who are going to look at their
- 36:46parents and see them having a productive life. And I think that's extremely important. And I think
- 36:53that is the problem with Gen Z. Gen Z has never lived in a productive society. I mean, the ones
- 36:59behind them even less so. But the funny thing is when you look at, when you kind of look at what's
- 37:04going on between Gen Z and the younger ones, the younger ones are actually a little bit more
- 37:08optimistic because they're kind of experiencing a sense of Donald Trump's world. But think of your
- 37:16Gen Zers, right? Their grandparents lost their jobs because of NAFTA. Their parents lost their
- 37:22house in 2008 or their pension, and J.P. Morgan got bailed out. Then, you know, maybe they were
- 37:29getting a start in life and then COVID hit, right? They've never seen a society that works. It's one
- 37:35of the toughest generations to get across this idea of a productive society and a society where
- 37:44where you will have the opportunity to make your life better. You're going to have to work hard,
- 37:50and it's not going to be instantaneous. But that opportunity is now there. They've never seen that.
- 37:56They've never had that opportunity. So it's always been, how many gig jobs can I put together so that
- 38:01I can maybe get a mortgage when I'm 40 years old? Well, it's understandable why they're disenfranchised.
- 38:08And I think they're the ones who are the most susceptible to what is clearly this whole
- 38:13psychological warfare campaign, Trump hasn't done this, Trump hasn't done that. All the things
- 38:18they're saying Trump hasn't done, either he never said he was going to do, or he's done,
- 38:23like immigration, massive changes in immigration, or H-1B visas, which he tried to do one way,
- 38:31and the court struck it down, and now he's doing it another way. I mean, he's actually doing these
- 38:35things. But if it isn't immediately affecting, especially this generation, then I think it's
- 38:43easy for them to play on that. So I believe there is absolutely a pathway, and I'm working on it
- 38:53every hour of every day, to win the midterms, both in the Senate and in the House. But I think
- 39:00it is going to be a product of how many people are out there actually radiating out this sense
- 39:08of the reemergence of the United States as an industrial superpower, as a proud sovereign
- 39:16republic in a world of other sovereign republics. If people get that idea in their heads, or let's
- 39:23add the icing on the cake, what Jared Isaacman at NASA is talking about, you know, not just a
- 39:29permanent industrial economy on the moon, but moving on to Mars, moving on to the moons of
- 39:37Jupiter, for heaven's sakes. I mean, we actually have missions planned to explore the moons of
- 39:43Jupiter. You know, people start thinking once again, in terms of what is this essential human
- 39:50quality of, wow, there is an amazing universe out there. And I'm going to spend the rest of my life
- 39:56figuring out how it works and making it a better place. That's how we used to think. That's why you
- 40:02can tap into that with some of the older generations. But that Gen Z generation never had that. And I
- 40:09think it is the toughest nut to crack. But I think we're going to win a lot of them over anyway.
- 40:15I think one pathway in is letting this generation know that you don't have to go to college to have
- 40:23a good life. In fact, if you go to college, you're probably going to have a crappy life
- 40:26because of all the debt that you're going to carry with you to your grave.
- 40:30You can have a great life becoming a skilled tradesman. You can make a quarter of a million
- 40:37dollars a year as a CNC operator who knows how to use SI, AI, SI, right? The more that we get out
- 40:46the fact that there is a different way of living your life than what you've been sold or what you've
- 40:50been scrambling to do, I think we're going to rescue more and more people from that generation.
- 40:56How many of them we rescue between now and November? I don't know. But, you know, there
- 41:01is a pathway, a very clear pathway that I can see to winning these midterms.
- 41:08Yeah. I mean, that's been another knock I've seen on X in recent weeks is that
- 41:15comparing Democrats and Republicans around election season, the Democrats are much better
- 41:24at mobilizing the vote compared to Republicans. And do you think Republicans are learning that
- 41:29lesson? I think many people are, like Cernovich has been very vocal that, that they haven't,
- 41:34but I think that that'll be. No, I think there's, yeah, I think there's a lot of,
- 41:39you know, doom telling in terms of this, you know, I people, a lot of people are mobilized.
- 41:46Obviously, Elon Musk is out there. Trump is out there with his super PAC. There are ground games
- 41:54going. I mean, again, I'm here in Michigan. You know, there's layers of ground games going on.
- 41:59The Senate candidate, Mike Rogers, has got a complete statewide operation going on, which is
- 42:04going to pull all sorts of other people along with him. The party's got operations going on.
- 42:09Musk has got operations going on. Turning Point's got operations going on. It's much improved from
- 42:15what it used to be. And also the fact that the Republicans have gotten over the fact
- 42:19that you don't just vote on election day. We all wish it was just one day. The president just
- 42:26pointed out that I think he said India had elections yesterday and the votes are all
- 42:31counted in one day and they do it, you know, at the polls. Why can't we? We want that. We don't
- 42:37have it. So until we have it, you fight on the battlefield you've got. And Republicans are now
- 42:43saying, yeah, get out there, get your absentee ballot, go to early voting. Don't leave it till
- 42:48the last day when the Democrats might shut down your polling place or something like that. So I
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- 45:28One way to convince people to get out and vote is to paint the picture of the productive industrious United States.
- 45:36Another way is to present the opposite of that or the alternative to that.
- 45:41And what is the alternative in your mind if midterms don't go in the direction?
- 45:49of Republicans? Well, let me just say this, and I don't want to take any pressure off of anybody.
- 45:57I think Donald Trump is going to be able to continue to rule and govern and do amazing things,
- 46:03no matter what the outcome of the midterms. Now, obviously, if the Democrats take both the House
- 46:09and the Senate, there's going to be a lot more roadblocks and nothing will happen in the Congress
- 46:13except for bad stuff. The president is just going to continue to govern through executive orders,
- 46:18foreign relations and so on.
- 46:22So, I just want people to sort of have that in mind
- 46:26because you fight the wars and sometimes the battles
- 46:29don't turn out the way that you think they will.
- 46:33I think it gonna slow down the economic progress that this administration is taking But I think the real danger and it sort of implicit in your question the real danger is that it will continue the consolidation of this Democrat socialist communist phenomenon in the United States which is obviously extremely dangerous
- 47:02and is very much just one more product of how the British Empire has created ideologies and
- 47:11organizations to destroy the American system. I should mention at this point, again, my colleague
- 47:17Barbara Boyd has just written a pretty substantial pamphlet or a short e-book, however you want to
- 47:24look at it, which is on the Promethean Action website, which goes through the actual historical
- 47:29origins of communism. And it's not what people think. It's created by the British, and it's
- 47:36always been deployed against the idea of the American system, our unique form of economics,
- 47:44which says production rules, not money. British system says money rules. The American system says
- 47:51production rules. Communism was created to attack that production rules kind of ideology.
- 47:59And she traces over the last 200 years how that has actually played itself out. That to me is the biggest danger, that a victory for the Democrats is going to continue to build up this phenomenon in the United States.
- 48:19and the purpose of that movement, as this administration has made clear, is to destroy
- 48:25our very form of government. I just think that what it's created to destroy is even bigger than
- 48:34just our form of government. It's a form of economy, which is the only form of economy that's
- 48:39ever going to give anybody a future. So that's the danger. The danger is this phenomenon that's
- 48:46being built up through these midterms, and which could, you know, take on, you know, further growth,
- 48:52were they to prevail. And I think most of the Republicans are doing a pretty good job of
- 48:59identifying at least the political danger of that. I think where it really needs to be deepened
- 49:05is what the economic danger is, which is to turn us right back into a junk heap,
- 49:12where we're a bunch of victims and losers on the government dole,
- 49:18and the government decides who gets to live and who gets to die,
- 49:21like they do up in Canada right now.
- 49:23That's ultimately where this thing goes if you don't stop it.
- 49:26I think we can stop it.
- 49:28No, I think the DSA is filled with individuals who have bloodlust
- 49:32for certain archetypes of Americans and successful people.
- 49:39And it is incredibly dangerous.
- 49:41I think Canada's maid system is a walk in the park compared to what some people would like to happen here.
- 49:48And in Canada, one out of 10 deaths are assisted.
- 49:53One out of 20 deaths are assisted suicide.
- 49:57And some of those are people who are not terminally ill.
- 50:00Some of those are people who just said, I'm lonely.
- 50:02I want to die.
- 50:03And the government says, OK, let's hear it.
- 50:06Let's hurry that process up.
- 50:07Their parliament actually did a cost-benefit study of how much money they've saved because people killed themselves.
- 50:14So, yeah.
- 50:16It's very disgusting.
- 50:19Bringing this back to immigration, but moving back to Europe.
- 50:24And again, I think that's a broader City of London question I have.
- 50:28is like, do the people in Europe and France and the UK right now specifically, are they subjected
- 50:35to this city of London rule too? And are they beginning to wake up and go back to the French
- 50:39protest? I'm sure you've seen the video of the police escorts of the illegal immigrants who
- 50:45landed on the coast of the UK over the weekend. And who knows if I have a certain algorithm that's
- 50:54just feeding me this and I have confirmation bias, but it seems like people in Europe are
- 50:59beginning to wake up to the ills of this sort of open borders economic policy and beginning to-
- 51:06Oh, yeah. I mean, look at the votes in Germany, you know, for the AFD. It's now the leading party
- 51:14in a couple of the areas of Germany. Marie Le Pen's party is, the elections are next year,
- 51:22but they're on a trajectory to win despite the fact that they threw her in jail and tried to silence her and so on.
- 51:28No, I think there's tremendous opposition to this, and I think there's opposition to it in Britain or in England.
- 51:36The challenge in most of these cases and I think this is going to get us back to Donald Trump is it not enough to just be against the bad stuff
- 51:47That's a necessary first step. Right.
- 51:50But you also have to have some kind of you have to be ready to govern. Right. You have to actually have an idea of how do you how do you extricate your population from this looting, financialized, parasitical system?
- 52:06And how do you start to build again? And I think the weakness throughout Europe is there's not enough people who are conscious of those kinds of policies that can do more than oppose the bad stuff, but actually give people a pathway to see how you build the good stuff.
- 52:27And, you know, that's where Trump is so important for the United States and in a certain sense,
- 52:33so important for the world.
- 52:34And the rest of his administration as well.
- 52:37The fact that people on his team, whether it's J.D.
- 52:40Vance, whether it's the trade rep, Jameson Greer, whether it's Scott Besant, they're
- 52:45openly reviving Alexander Hamilton and the American system.
- 52:49I just posted on X.
- 52:51there's a new fellow who just got appointed some assistant under whatever secretary in treasury.
- 53:00And he's, I guess he was being sworn in or welcomed and he's proud. And it's under a
- 53:06painting of Alexander Hamilton. And he says, what better way to get sworn in than under the watchful
- 53:13eye of Alexander Hamilton. This is extremely important. This has not been part of our economic
- 53:19or policy dialogue, as I said, for 125 years. So it's really, really critical that the alternative
- 53:28to the globalist system, which is not some crazed free market, everything goes, we all get to make
- 53:35as much money as we can, and we don't care what the consequences are, but rather this American
- 53:40system that says, no, we do care about the consequences. The consequences are you have to
- 53:44produce. You have to grow. You have to actually make your decisions from the standpoint of the
- 53:50future, not from how much money I'm going to make today only, right? That alternative has to be put
- 53:57back into the policy debate in Europe. And I think it's going to be a real challenge in Europe
- 54:05until we see more of that. Yeah. I mean, speaking of the treasury
- 54:10in appointees, bringing in Judy Shelton was a bit of a shock last week.
- 54:17As a sound money advocate, I was happy to see that because Judy is a very staunch advocate of
- 54:25gold standard. And somebody who actually understands how the Bretton Woods system worked
- 54:31and what a disaster it was that it was dismantled. So, you know, the obvious question,
- 54:38And it's not just sound money. It's somebody who are they actually thinking of how do we.
- 54:45You know, recalibrate back to a saner international financial system.
- 54:51Is that something that could be on the agenda for the last two years of the president's term?
- 54:57That appointment certainly is intriguing from that standpoint.
- 55:02It is. I mean, Scott Besson famously at the Manhattan Institute, what was it, July of 24,
- 55:06saying he wants to be part of the global economic reordering
- 55:10and help the president navigate this.
- 55:12And then you have, I mean, in my world,
- 55:16the world of Bitcoin and via extension,
- 55:19broader crypto and stable coins specifically,
- 55:22it looks like despite the Clarity Act not passing,
- 55:25the executive has given all the agencies,
- 55:27the SEC, the CFTC, the OCC,
- 55:30the go-ahead to rule make around there.
- 55:32And I think it's pretty clear.
- 55:33If you're paying attention,
- 55:35that stable coins have a role here on the monetary side of things as well.
- 55:39Yeah. I mean, what's clear is that this administration, this gets back to the AISI
- 55:44question. I mean, this administration is staffed with people who understand you're in a new world.
- 55:51You know, a lot of people say, well, let's just go back to what Abraham Lincoln did or go back to
- 55:58what Alexander Hamilton did. Well, in principle, yes. In terms of national banking, in terms of
- 56:04of the fact that you want to have sovereignty over how your credit and your currency is issued
- 56:10and deployed. But how does that work in the 21st century? That's a very, very different question.
- 56:16So you can't just cookie cutter the national bank in the form that Hamilton had it or the
- 56:22national banking system in the form that Lincoln had it and just plunk, we're going to do that
- 56:27again in the 21st century What is national banking in a 21st century with the kinds of things that you talking about I don have an answer to that but I have a feeling that there are probably more people staffing this administration people like Bessent J Vance Judy Shelton
- 56:47and others who have probably thought more about that than anybody else on the planet.
- 56:53Awesome. Well, I know you're an extremely busy woman right now,
- 56:58soon as I want to be respectful of your time. Any final parting notes, thoughts, words of wisdom
- 57:07before we wrap up here? Well, I often go back to a quote that Scott Bessent said, where he said,
- 57:14the Democratic Party strategy is to compensate the loser. You know, first they make you a loser,
- 57:20and then they compensate you, you know, by throwing you welfare checks or drugs or,
- 57:26you know, gambling apps or whatever to keep you pacified. As we go into the midterms,
- 57:35I think it's extremely important for Americans to ask themselves the question,
- 57:40am I going to make my decision on these midterm elections from the standpoint of being a
- 57:45perpetual loser and just hoping that somebody will lessen the pain for me in the short term?
- 57:52or am I going to make my decision from the standpoint of somebody who sees
- 57:57the golden age that Donald Trump sees? And I know people get kind of irritated when he talks about
- 58:04it because the price of hamburger is still too high and diesel is too high. And here he is talking
- 58:09about the golden age. But honestly, the man's mind is in the future, the future that he is fighting
- 58:14very, very hard to create. And I think if enough Americans put their minds into that fight and that
- 58:22process and try and paint for themselves a picture of a proud United States, which has
- 58:29sovereignty over the key elements of its economy, where one income can raise a family. And when you
- 58:36can look at your kids and your grandkids and say, you do have a chance at a better life than I had.
- 58:41If people rediscover that identity and make their decision in November from the standpoint of,
- 58:49That's what I'm going to fight for.
- 58:51And honestly, I'm going to fight for it, whether I even see it in my lifetime.
- 58:56Now, I don't think we're talking something terribly long term, but I think that's still
- 59:00an important concept.
- 59:01You fight for something important because it's important and it's good, not because
- 59:08you're necessarily going to feel the benefit of it today.
- 59:12I think, you know, people just sort of have to take a deep breath and think about those
- 59:16two identities and decide which one they want to be.
- 59:19Yeah, it reminds me of a tweet I saw over the weekend, that quote from Augustine.
- 59:27And it plays into the never doom and it's all mindset thing, but it's bad times, hard times.
- 59:32This is what people keep saying.
- 59:33Let us live well and time shall be good.
- 59:36We are the times.
- 59:38That's been sitting with me for the last few days because you get consumed by all the doom and the algorithm.
- 59:44But at the end of the day, it's a decision to be productive, to go do things.
- 59:49and you can change your mentality and change the world.
- 59:55That's right.
- 59:56Susan, really appreciate you.
- 59:59I'm sure we'll check in at some point.
- 1:00:00Hopefully we don't have to wait 10 months, but thank you.
- 1:00:03I was going to say, I was shocked that it's 10 months.
- 1:00:05We don't have to wait that long.
- 1:00:07Thank you for coming on.
- 1:00:09Thank you for the work that you do.
- 1:00:10I deeply enjoy it.
- 1:00:11It's incredible analysis, unique analysis
- 1:00:14that you won't get in the mainstream.
- 1:00:15So if you're listening, make sure you go check out Promethean Action.
- 1:00:20Check out the YouTube channel as well.
- 1:00:23It's a different name, right?
- 1:00:23It's Promethean.
- 1:00:26Promethean Updates.
- 1:00:27Updates.
- 1:00:28Yeah, the channel is Promethean Updates.
- 1:00:30Awesome.
- 1:00:31Well, until next time, Susan, thank you.
- 1:00:34And peace and love, folks.
- 1:00:36You bet, Marty.
- 1:00:37Okay.
- 1:00:38Thank you for listening to this episode of TFTC.
- 1:00:40If you've made it this far, I imagine you got some value out of the episode.
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