The Wise Wolf Gold & Crypto Show
A weekly wrap up of the precious metals and Crypto currency markets as well as guests who represent the best in both sectors.
The Wise Wolf Gold & Crypto Show
#54 - Pirate Money with Kevin Freeman
Okay, ladies and gentlemen, welcome back to another episode of the Wise Wolf Gold and Crypto Show. But today, because of the guest we have, I decided to combine Paratroother with Wise Wolf and I brought on the other half of Paratroother, which is Mr Anderson and his brain. Thanks for being here, sir.
Speaker 2:Thanks for having me Looking forward to it.
Speaker 1:I am too. We were talking a lot off air and we've both explored the book that this gentleman has wrote our guest, which is Kevin Freeman. He wrote a book called Pirate Money and it's great we're going to get into this because this is some awesome history. Kevin Freeman is considered one of the world's most leading experts on the issues of economic warfare and financial terrorism. Leading experts on the issues of economic warfare and financial terrorism. He has consulted and briefed members of both the US House and Senate present past DIA, dia, fbi, sec, homeland Security, the Justice Department. It's a fascinating bio and the book is even more fascinating. Kevin, welcome to the show.
Speaker 3:Thanks, Tony, it's great to be with you. And Mr Anderson, good to the show. Oh, thanks.
Speaker 1:Tony, it's great to be with you and Mr Anderson, good to see you. Well, I want to jump in just a little bit of your background and what got you to write this book, and of course I'm looking at the Amazon title here. I like the subtitle because this is right up my alley about the hidden plan for economic justice, you know, and of course, the founding fathers, and setting us up a bulwark against central bank digital currency. What was the inspiration for Pirate Money?
Speaker 3:Well, let me back up to. Let's go back. I'm an investment manager by training. I've got a chartered financial analyst designation. I work for the great John Templeton. I dealt with international money management. We were handling billions of dollars and in 2006, I was invited in by Renaissance Capital in Russia, in Moscow, to attend a conference, which is a very elite conference. Now, john Templeton would have been who they wanted, but he passed the invitation to me and I was able to attend and study what Russia was doing. And Vladimir Putin was just coming into power and I met and learned about the BRICS nations that he was establishing and I began to study economic warfare. And when we had the 2008 financial collapse, I demonstrated the Pentagon elements of economic warfare. And when we had the 2008 financial collapse, I demonstrated the Pentagon elements of economic warfare that took place there. And they hired me as a consultant and I said look, we got to be careful.
Speaker 3:In 2008, we had a $10 trillion debt. I'm looking at US debt clock now it's $36.3 trillion. So we've gone almost four times since 2008 to the present. Which is what 17 years? And if we do that again, then we'll be looking at $150 trillion in debt in 17 years, something like that. It's just unsustainable. So that's how I got involved in writing the book Pirate Money is. I was looking for answers how do we fix this unsustainable fiat currency debt problem? I knew what the answer was in 2006. I knew what the answer was in 1971.
Speaker 3:I was a 10-year-old kid and as a 10-year-old kid I was looking around and Nixon just took us off the quasi gold standard that we had. Quasi meaning it was only 40% backed and it wasn't even good for the American citizens, it was only good for foreign governments, and he eliminated that when France showed up in New York and they said give us our gold. And we said no because we closed the gold window. And I said this is wrong. My father taught the Constitution. He was a stockbroker by day and by night he would go around Oklahoma in Baptist churches teaching the United States Constitution. It's like wait a minute. States can make nothing other than gold and silver coin tender within the states. So I have studied this pretty much.
Speaker 3:I was a big fan of Treasure Island as a kid and I'm a big fan of the US Constitution pretty, pretty nerdy guy and I'd studied that from the beginning and I knew that real money to the founders were spanish mill dollars and gold doubloons, also known as pieces of eight and gold doubloons and if you say those terms, uh, average american says, oh, captain jack sparrow, gold doubloons, pieces of eight, it's pirate money. And so that's what our founders thought real money was. Uh, they didn't want to use spanish or british money, they wanted to use spanish money, and most of the spanish money that circulated in the americas, uh, was the result of piracy, and so that that was real money to them. So that's how I got the inspiration for pirate money.
Speaker 2:I like how you also uh, you, you changed my perception of John Paul Jones, Cause I always thought of him as the basis on Led Zeppelin and now I think of him as a pirate and a plundering cities and the immigrant song blaring so so, before the basis existed, there was a pirate in the British annals of of uh naval history known as John Paul Jones, who's also the admiral founder of the American Navy.
Speaker 3:I went to John Paul Jones Elementary as a 10-year-old kid, so that ties in as well. But our founders actually were benefited by piracy. The Tea Party was an act of piracy. The whole rebellion, had it been put down, would have been seen as a piracy type rebellion. George Washington would have been a criminal and all that. But we won. So we got to write the history.
Speaker 1:I was thinking of this interview and thinking of your book and I talk about this all the time because this is my wheelhouse but the 19th century and we were discussing off air about L Frank bombs, the Wizard ofhouse. But the 19th century and we were discussing off-air about L Frank bombs, the Wizard of Oz and the allegory there and William Jennings Bryan, the Cross of Gold speech, and the end of the 19th century when they were calling for free silver and the expansion of the money supply. Still, the American people didn't have to suffer under inflation in the 19th century. It wasn't a part of our history. Because of the founding fathers, because of the Constitution, because only Congress could coin money and it had to be gold and silver species. So you really don't have any real inflation at all in the 19th century, aside from pockets of the Civil War and Lincoln's greenback and of course you know other political movements. But there wasn't any inflation and that's something that's lost, I think, in our timeline because we've gotten so used to the hijacking of the money supply.
Speaker 1:By the way, nothing changed. The Constitution still is the Constitution. It doesn't allow for a Federal Reserve, doesn't allow for a central bank, if you really read it that way. I certainly do, and I think that's shaped our reality now. I mean everything that I fight against or speak up against, whether it's the deep state or the military industrial complex or whatever it all just tracks back to the fake money which is fiat currency, and it really is truly evil, in my opinion. The founders knew that that was something that they were going to have to set up a bulwark against, and they did, and unfortunately we've departed from the Constitution.
Speaker 3:You know they absolutely set that up. The founders hated paper money. It's very clear from their writings. Jefferson says paper is poverty, it's only the ghost of money, not money itself. And that was a common theme all the way up through the end of the 19th century. As you mentioned, you have JP Morgan. You know gold is money, everything else is credit and that notion.
Speaker 3:We did have that aberration during where Lincoln, love Lincoln. But he suspended habeas corpus. He did a lot of things that go against individual liberty to preserve the union and so I admire him as a president my least favorite president. Growing up in my household, my father had Cherokee heritage. We hated Andrew Jackson he's the president who shall not be named, trail of Tears, and all of that. But he did one good thing he eliminated the central bank and he understood that wealthy people it's the whole cancel on effect. If you're close to and you can create money out of nothing, then certain group of people will profit and the rest of us will be hurt. That's a cancel on effect written by Richard cancel on in the 18th century predicting the French revolution. He was an Irish, frenchfrench economist and he predicted. He said if you're close to the king and he's making a lot of money, you'll get wealthy. We see that today. You can actually correlate in a Federal Reserve chart that I've got. It's almost a perfect correlation between M2, money growth and the top one-tenth of one percent.
Speaker 3:Now, I'm a conservative. I'm a conservative as an economist, I'm conservative politically and everything else. People will say to me wait, are you talking about the wealth gap? We don't talk about the wealth gap because we you know everybody ought to be able to make money and everything. No, there is a real wealth gap.
Speaker 3:It's not caused because rich people are, you know, stealing from poor people. It's caused because the government's spending too much money. Therefore, they're printing too much money, and rich people know how to take advantage of the printing of excess money. It's a hosepipe of money that allows Mark Zuckerberg to build Facebook as he's built it, and to own it outright without getting the rest of us as investors in it and building it. They built, you know, uber, they built so many different things without getting individual, normal Americans. It's only reserved for the wealthy, and so if we had sound money, we wouldn't have a wealth gap. It would be equal opportunity for everybody and the wealth gap wouldn't be where it is. So does that make me a progressive? No, it makes me a conservative, believing that real money is the solution to the wealth gap. Not government spending, not extra government programs, not higher taxes, but actually giving us a sound money basis.
Speaker 2:Yeah, Kevin, that that's really right, in line with something I always emphasize each election is nobody is talking about the issue I really care about, which is the soundness of our money. So do you have any ideas? Why no politicians raise this issue? I mean Thomas Massey. It's one of the only few people in Congress. He has that little debt counter on his lapel that makes people nervous, and elevators, but outside of him you have people like Ted Cruz reading, Dr Seuss you know, on the Senate floor in 2013. So why do they not care, Dr Seuss, you know?
Speaker 3:on the Senate floor in 2013. So why do they not care? And Dr Seuss, by the way, that reading is what convinced the Chinese Communist Party that they should join Putin. Putin has said we've got to remove the dollar's reserve currency. In 2006. He tried to destroy the dollar in 2008 by dumping every Fannie Mae Freddie Mac bond that was held by Russia and tried to crash the system. And the Chinese didn't join him until Xi Jinping came to power in 2013. And it was, he said. Look, the world cannot be held captive by a nation that is reading children's stories rather than dealing with their debt. And I'm Senator Cruz's. I'm a big fan of Senator Cruz. He's a he's a good friend. I've supported him in all of his elections and I understand why he did it, but it looked foolish to the world and I want one of those debt clock pens. Where do I get one? I've seen Tom. I want a congressman. Give me a debt clock pen. Those are the coolest thing ever. No-transcript.
Speaker 1:I like that. I'm going to use that from now on. That's exactly right, though, but I think if you take a step back and you look at the problems we have you mentioned the debt and the 36 trillion and you look at the unfunded liabilities, you look at our overstretched empire, the fact that you mentioned Russia and China and de-dollarization, the war against the dollar, but a lot of that is. There's a CIA term called blowback when it comes to foreign policy. A lot of the stuff that problems that we're having with the dollar is actually blowback from the 40 different sanctions we have on 36 different countries. The weaponization of the dollar. I think that you know the reallocating of funds that were taken from Russia and given to Ukraine. I mean, you can look at that and look.
Speaker 1:Other nations take notice and they want to dump the dollar system, the SWIFT system, and get away from it. My study of BRICS, which you know Brazil, russia, india, china, south Africa now what? Saudi Arabia? There are like 25 nations in the periphery. They're like 50 percent of the world's GDP or 60%, or something like that. They want to get out of the dollar system.
Speaker 1:You really can't blame them at this point for the way that America has been run, especially since the fall of the Berlin Wall and the end of communism, and the things that we could have done, the changes we could have made. We went in the wrong direction, in my opinion. Went on the crusades and the you know, expansion of empire, expansion of NATO, all those things instead of going back to our roots and that's something you know. I've followed Pat Buchanan for many, many years as a young man, reading his works, like the death of the West and his book on economic nationalism. I don't know where you stand on that.
Speaker 1:He wrote a book in the late 90s called the Great Betrayal. It had to do with the fallout from NAFTA and GATT and other things that had depleted the American manufacturing base. And we've seen the globalization of the economy and the siphoning off of our wealth. All of that has a major effect on the ability for America to project power and to be a leader. So we're losing the grip on that through arrogance and through mismanagement, and I think the two words that really focus I focus on are on purpose, and that's what I look at when I see the waning of the country that I love and we're watching this happen and you can't really blame these countries for wanting to get out of the dollar system, but I wanted to get your opinion on that. Your book, I think, focuses on, even though nobody's really talking about. We are talking about it, people are talking about it. The politicians aren't necessarily, but I think it's the politics of the future, because the monetary system is unsustainable it's the politics of the future, because the monetary system is unsustainable.
Speaker 3:Right, right, all right. First off, let me address yes and no. You can't blame other countries, correct? Elon Musk said if you weaponize your currency enough times, other countries will stop using it. It's 100 percent right on that, and so I entirely agree with them. And the Bretton Woods system was set up originally where we would be tied to gold and everybody else would be tied to the dollar. So I don't blame them. We got away from that. But the no side of that is, yeah, there are countries that understandably have a very strong argument that we've handed them because we've been profligating our spending and our patterns.
Speaker 3:But I can tell you, in 2006, vladimir Putin wanted to end the dollar because he wanted to replace it. It's like a Marxist I hate capitalism, hate it and capitalism's evil. Well, no, you don't really want to eliminate capitalism. What you really want to do is take power and grab power, and Putin's motivation here was to grab power. It was not because we you know, we had a $5 trillion debt, national debt, in the year 2000. On this day in 2000, it was $5.7 trillion and Putin was complaining about the dollar even then. It gave us too much power because he wanted that power. Have we abused it Absolutely? Do we deserve to have it protected? Gosh, I do understand. I mean, the Saudis have taken all these dollars under the petrodollar arrangement and all of a sudden they see the purchasing power diminish and everything else. I get it, I really do. And fiat currency is an evil.
Speaker 3:Now here's something else. All great empires and I do not want an empire, I want the United States to be a nation, not an empire. But let's be honest, we've acted empirical as if we were an empire. And here's the reality. Traditionally, empires last about 250 years. That's it. Whether you do to Alexander Fraser Tittler, who was writing at the contemporary of George Washington, the founding of this country, who says you know why do they fail? Basically, once the people learn they can vote in a democracy, lord Jess, out of the public treasury, they fail. And we're at that point here.
Speaker 3:But it also goes back to Fate of Empires, which is a book that goes back to Rome. The Fate of Empires, which is a book that goes back to Rome In 68 AD. In Rome, a denarius was 95% silver. 200 years later, in that 200, 250 year cycle, it was 5% silver. That's why empires fail is they debase their currency. They realize they've got to buy the people off with bread and circuses and they pay for with fake money and they pretend until it runs out, and then it does, and that's why great empires cease to exist. It's generally a monetary phenomenon, and that's what we're facing right now, unless we address it very swiftly well tony and I were discussing recently.
Speaker 2:There was this interesting anniversary. I believe it was the 110th anniversary since Henry Ford introduced the $5 wage and the eight-hour workday, and he did that without the stranglehold of the government. He introduced that himself and if you adjust for inflation that baseline salary $5, it extrapolates out to about $20 an hour. So I'm kind of in this weird age bracket where I'm not young, I'm not old, so I get spit out of God's mouth basically. But I don't know the really good days to really hearken back to. But do you see us ever getting back to a point where we can have single income support households again?
Speaker 3:Oh yeah, oh yeah, I mean it takes some quick but painful fixes. I was just with a guest on my private money radio program, jim Simpson, who wrote the Manufactured Crisis, and we were talking about solutions. Well, one of the solutions if you lowered regulation this is the libertarian portion of me coming out now and took it back to the 1950 standard, the average household income today would be $300,000 in today's dollars. That's how much regulation has cost us. The average household income is about $60,000. So regulations are crushing growth.
Speaker 3:The other thing crushing growth is government. Auburn University the study it was recently recirculated for every federal bureaucrat hired, 138 private sector jobs are lost. Literally. We've been hiring government. That's where most of the employment has gone the past four years under the Biden administration—has been gone into government or government-related jobs and they are crushing private sector innovation and capabilities. And the beneficiary of that is big corporations and the US government and it's created this system that is eliminating.
Speaker 3:So if you grow your government faster than you grow your economy, you rack up debt. If you grow your government faster than you grow your economy, you rack up debt. If you grow your economy faster than you grow your government, you reduce government debt. So you print more money and create more inflation when you grow your government faster. The solution is grow government slower and grow the economy faster. And the way to do that is lower regulation. Get less government, less bureaucracy. Go back to the founding principles. That formula is all you need to, 20 years from now, have single income families that are prosperous and successful. You can do it every time. It's tried. It's being tried in Argentina now reducing the size of government. It's working. It worked beautifully in Hong Kong to the Chinese communists. Very simple you inflate it out of existence.
Speaker 3:For example, when my parents bought their beautiful new home in 1971, they were shocked that they were going to spend $50,000 on a new home. That's an unheard of, impossible amount. Man, we're moving into our mansion. They could not believe that and they got. They borrowed money at a very high interest rate and their interest rate was, you know, in 1971, I don't even know exactly what it was, but it was probably similar to what we have today now, not what we had three years ago or four years ago and they paid a $300 a month house payment and they were shocked oh, where are we going to pay $300?
Speaker 3:Well, 30 years later, inflation solved that problem because that $300 a month was nothing, you know. It's less than they were probably spending on dining out 30 years later. So inflation will solve the debt problem. The problem is, people will be hurt in the interim in the meantime. That's why we've come up with this whole notion of pirate money, which is a means at the state level for people to opt out of the fiat currency system as an option and they could do all their business in gold and silver and literally step away from the flood, that inflation and the damage. It's like an arc that you step onto until the inflation subsides and the land clears when you've grown your government back and you've solved that problem.
Speaker 1:Well, that's an interesting thought experiment. I hadn't thought about interest rates going back to 71. I do know, you know you go off the gold standard August 15th 1971, and fast forward to 1979, and they're raising interest rates to the teen with Paul Volcker, and the reason they did that was to contract the money supply because of the Nixon inflation shock that happened through the 70s. And there's two things that we just crossed the 50th anniversary last year. One was the agreement I want to get your take on this too the agreement that we had with the Saudis for the petrodollar in 1974, which just lapsed and we did nothing. And I, you know, in my line of work in alternative media, the petrodollar was always the thing that we go abroad, you know, and all the empire and all of the intervention, and you know the Iraq war and everything in the Middle East, interventions, deserts, that was all about the, the petrodollar. Guess it wasn't because we didn't do anything about it. But the other anniversary we just crossed was Ford, gerald Ford, making gold legal for the average person to own again, and that was New Year's Eve, 1974.
Speaker 1:So you know a couple of things that happened 50 years ago and, like you said, I mean you can't rely anymore on the dollar. You can't put those dollars away like previous generations could, and you know it holds that purchasing power. It harnesses all that work because it's going to diminish and the average person isn't taught that. They think that if you save it, you know you become a saver. Robert Kiyosaki says savers are losers, and they are. You're losing purchasing power, you're losing your wealth because of the central bank, because of the expansion of the money supply. But I wanted to get your take on what happened with the petrodollar, kevin. I mean, why did they just let that lapse?
Speaker 3:Okay, let's go back in the history, and you're entirely right, tony. What you said is absolutely accurate and correct. Twenty years ago, if you made that statement, you were a conspiracy theorist. There's no such thing as a petrodollar. We don't have an agreement with the Saudis. It just happens to be that they're buying our debt because it's the safest and best debt in the world, and, of course, the Saudis want to own dollars. The reality of it is it was an agreement struck by Henry Kissinger in 1974, based on the notion that we just ended, that we don't want to have any more oil shocks that hurt the world economy. There's a 1973 oil crisis, and good, we're not going to be producing our oil to compete with you, which we certainly have lots of and we could do. We're going to buy your oil and we're going to let you own that as long as you recycle it back into US Treasury debt, and so we will protect you. We will be your military protection. Why did we let it lapse? I don't know that we had much of a choice in it. Number one we are so arrogant now that we no longer remember the crisis of 73, 74.
Speaker 3:Or perhaps you could say the Biden administration was run by individuals that want to see the United States knock down several notches on the world stage, and we want to be just one nation among many. Or it could be that the Chinese were in talking to the Saudis and saying you know, what do you really buy from America other than their largest export, which are treasury bonds? What do you buy from them? What are they going to do to make your life better? Look what we can manufacture in China, and, by the way, we need your oil now too. And why should the dollar reign supreme? And so they talked the Saudis into abandoning an inflation hurt dollar and starting to invest. Otherwise, you don't have to hold with this. It was a 50-year agreement. Why do you have to renew it?
Speaker 3:We just arrogantly went on saying that we have what is known as the myth of dollar permanence. In Washington, they assume the dollar is always and always will be permanent, just like the British did in the 1910s and 1920s with the British pound. The sun never sets on the British empire. It will always be the dominant currency, or the Spanish before that, or the Dutch before that. All reserve currencies of the world have a shelf life unless they are real, sound, historical money, and the only thing that's been real, sound historical money from Bible times to the present is gold and silver, occasionally, and in limited amounts, copper. Everything else has been fiat has been without value.
Speaker 3:I have nothing against Bitcoin. In fact, if I knew Bitcoin were truly limited in value and truly provided privacy, I would love it. However, I can't make it constitutional currency. The founders didn't write into the Constitution that a state can make Bitcoin legal tender. Therefore, until that is added to the Constitution, where I have this protection in legal framework protection, I fear that governments will try and squash it or co-opt it or control it. Other than that, I think it's great. I think limited money supply that tends to grow with the growth of human endeavors. That's what works, what functions best Right now. The US dollar is not tied to anything. We have the myth of dollar permanence. Other nations want to stop using it, and so what we see is we see a crisis from fumes of American military might, perceived American military might, and so forth, and we're losing adherence on a regular basis.
Speaker 1:I agree with you that the loss of the petrodollar seemed like an inside job and you had Bernstein, the head economic advisor for Biden, trying to answer on 60 Minutes about what currency was, or something. He just couldn't do it, but he'd written articles in the New York Times about why we should lose the king dollar, why we should lose the world's reserve currency status. It would be better for us and I'm thinking that's absolute insanity. It's the only thing holding us up. It's the only thing propping up the disastrous decisions that we've made. Economically, I mean socially, domestically, foreign policy everything's held up by the dollar and as we watch de-dollarization rapidly take place I mean you look at 2022, kevin. I mean we had the sanctions that were immediately after the new sanctions were placed on Russia. The ruble fell and then it bounced back because they started talking about pegging a certain amount to gold and you know again, it was in the tank for about 60 days and then shot back up. And then you watched the percentages of dollar usage decline. It went from like 70 some odd percent, in 2001 down to in the 40 percents right now. It uses it around the world, so money velocity is slowing down.
Speaker 1:I remember being a young soldier in Iraq after the invasion and walking around paying for everything in dollars. They didn't take the Iraqi dinar. You know we were sent to the that was the first place I was sent to was the bank in Mosul. They were running out with giant boxes of Iraqi dinar with Saddam Hussein's face on it. Nobody wanted them. I watched a paper currency die in real time and people would accept the dollars. Now you fast forward. 20 years later, it's illegal to use dollars. They started cracking down on banks in Iraq Because, again, the periphery of the BRICS and what's going on right now, I think the reshuffling of the Grand Chessboard, so de-dollarization is rapidly happening.
Speaker 1:It doesn't seem like there's anything on the horizon politically to try to bring that back. You have Trump talking about 100 percent tariffs on nations who want to create their own currency. But, kevin, I don't see that BRICS are trying to create their own currency. But, kevin, I don't see that BRICS are trying to create their own currency. From all my research, I think they're just trying to use gold and cross-border payment systems and commodities. What's your opinion on BRICS and a competing currency?
Speaker 3:Well, a couple of things. First off, let's talk about the de-dollarization. It's happening not just at the BRICS nation. It's happening at the central bank level around the world, as they're reducing their holdings in dollars relative to gold. Everything they're buying is gold In terms of are the BRICS nefarious or is it legitimate? Both, it's both true. It's nefarious in that the BRICS nations want to use this as a weapon against the US dollar and against America, and there's no question.
Speaker 3:You mentioned something you said. I think it was the basis, for what you were saying was that we don't want to get cut off suddenly, and so forth. But Jared Bernstein, that's what it was. Jared Bernstein actually said it would be good for us to lose King Dollar, and he's right. This is the Jared Bernstein that, by the way, couldn't answer what modern monetary theory was, couldn't explain why it was that we borrowed money and we also printed money, which doesn't make sense unless you have a central bank in between profiting from it. Why do you? If you print money, why do you have to borrow money? And he'd say, well, we print the money and then we lend it to. No, is that what we do? You know, it's pretty funny clip on the internet. He doesn't understand modern monetary theory is a failure. But where he is right is that we would be better off if we weren't the reserve currency to this degree. And now don't just clip that out and say, oh, kevin says we should lose the reserve status. I'm like we'd be better off like the guy that has overspent his credit card gets cut off from the credit card company and 20 years later he's turned his life around because he realized he couldn't keep spending. Right, that's how we'd be better off. It would be extraordinarily painful in the short term if our credit card gets cut off and that's essentially what the federal government has has an unlimited credit card and if they, the banks call up and say no, no, no more, you can't borrow anymore and you're going to have to start paying back and the interest rate you're paying is no longer a teaser rate. It's going to be an exorbitant normal market rate. Interest rates you're paying is no longer a teaser rate. It's going to be an exorbitant normal market rate. It'd be very painful. 20 years from now the young person would be better off because I finally gave up my gambling addiction or my spending addiction or whatever and I got sober and clean and now I'm better off. Yeah, but it'd be terrible in the short term. And here's the worst part, tony, I was brought in by DARPA when I was the Pentagon consultant on economic warfare and they asked me to teach them how to wage economic warfare.
Speaker 3:And I was in there telling them. I said no, no, you're missing my point here. My point is they're waging it against us and we need to shore up the dollar, how we need to get sound money principles, cut spending. It's all in my report that I produced for the Pentagon. They didn't want to hear any of that.
Speaker 3:Darpa wanted to know how do we weaponize it and use it. I said well, here's how you can weaponize it. You can cut them off from this and this and this, but don't do that. Well, I'm the guy that was in their teaching. I'm sure there were others, but you can blame me to a certain degree. And it's like why'd you teach DARPA how to weaponize our currency and use it against other nations? They did, and I warned them don't do that, because this is where it will end. We're exactly where I thought we would be If we did that. They didn't want to listen, they wanted to weaponize and it's very dangerous when you think you're the only guy in town and that you you're the only one with a gun and you're the only one that rules the whole street and everything. No, it's not true. There are others and they can learn to weaponize back, and that's what they're doing.
Speaker 2:So have they invited you back to the Pinnacle?
Speaker 3:No, DARPA has not invited me back. I was there during the I mean just to get into some of the inside baseball stuff. It's in my book Secret Weapon baseball stuff it's in my book Secret Weapon. I was there during the very end of the Bush administrations when they hired me, and the start of the Obama administration. And literally I got a call from a guy named Rich Higgins who was the head of Solik, who was basically my contractor. He contracted me and Rich called me one day and said we're going to classify your research and if you ever speak of it again you will be thrown in jail. You are never to discuss this. And I said what are you talking about? So I reached out through a friend to a former CIA director who contacted three sitting senators John Kyle, joe Lieberman and John McCain, so one a former presidential candidate, recent presidential candidate, one a former vice presidential candidate, but on the Democrat side, and John Kyle was a stalwart Republican out of out of Arizona. And they told the Pentagon if you classify Freeman's research and threaten him, we will read it on the Senate floor tomorrow and we'll expose all that you're doing. And then they called back and said well, we apologize, mr Freeman, you misunderstood us. We meant we could protect you and I said no, no, you said I would disappear, you would throw me in jail. And then later they said you know, we can make people disappear. He was on the National Security Council. He wrote this book called the Memo, which, oh, shocker, shocker.
Speaker 3:New York Times, washington Post, said what an idiot he is. He's claiming that the deep state is out to get Donald Trump. He doesn't know anything and, of course, he proved to be right. Rich has passed away tragically a couple of years back. I don't blame him personally, he was just the messenger. But the bottom line is no, they have not invited me back. And yes, they have threatened my life. And yes, they have threatened to throw me in jail.
Speaker 3:Fortunately, I was able to get out from under that and got to know good people like Mike Flynn at the Defense Intelligence Agency at the time. I got to know Bannon when he was in the White House. I've gotten to know, you know, andy Marshall, the Office of Net Assessment, and I warned him don't do this. Let's not make America an empire. Let's make America a constitutional republic. Let's show other people the liberty path and help them get along the liberty path. Let's go back to sound money. Let's reduce regulation and kind mean the kind of make America great again.
Speaker 3:In fact, I wrote a book called Game Plan how to Protect Yourself from the Coming Cyber Economic Attack and it listed the MAGA type steps. You know, drill, drill, drill. We've got to produce our own energy. We've got to reduce the deficit. You know. It listed all these things to make America great again, last of which was return to our spiritual roots and not try and be a empire but be a constitutional republic. No, the government has not been open to that message. I'm hopeful that the Trump administration and many of my friends who are going into that will be open to that message.
Speaker 2:Well, that's one of the things I really love about you breaking down pirate money and I'd like you to do that. The six pillars, but the first being biblical right, getting back to the biblical foundation of what is money. And this is kind of an oddball question, but let's say they did roll out CBDC. Would there be any way to reject that just on a religious basis?
Speaker 3:Actually, constitutionally, you could make the argument in court and hope you win. Of course, they constitutionally made an argument against FDR confiscating gold in 1933. It was by executive order, it wasn't even by congressional action, and the courts upheld his really bad executive order, and he did it because of hoarding. So how do you fight that? Well, the only way to fight it is to have an option, to opt out, and the opt out is at the state level. If the states exercise their constitutional authority, then it becomes a battle not you, tony, or you, mr Anderson, against the monolithic US government. It becomes a battle of the state of Texas or Utah or Florida and we fight. And if we get enough of us together fighting, they lose. And so we give an opt out to where people could actually have their money outside of the central bank digital currency, because unfortunately, the courts have ruled that the Congress can coin money and they've allowed the creation of the Federal Reserve and the Federal Reserve Act, and so they delegated that authority to the Federal Reserve System, which you could argue is unconstitutional in itself, but it's withstood challenge all this time. So if you can't beat them, then you go around them and you create an optional alternative that people can use. That's why they fear Bitcoin so much. The problem with Bitcoin is that it's become well accepted, well adopted by individuals and because it's in use and large money interests and so forth, the Congress is loathe to squash it. Here's my solution is we create constitutional currency using gold and silver, where we have peer-to-peer transfers of gold and silver for goods and services, and as quick as we get it passed, the first thing you do is you start donating money at the federal level in gold. You call up their office and say, hey, I want to donate some money to your campaign. Oh, okay, well, here you can do it on our website WinRed for Republicans, probably WinBlue for Democrats, and you can donate. It's like, no, no, no, I want to do it peer-to-peer and I want to give you gold. Will you take gold? And of course, they'll take it. And once you do, you have them.
Speaker 3:Once we create a gold-based alternative monetary system, people will adopt it. Make it optional, don't make it mandatory. Let the free market determine and the free market people will gravitate to that. And once we have that central bank, here's your choice. You can be monitored by the federal government with a fiat currency that is backed by nothing that can control. You can cut you off, can add to, can do reparations through or whatever, or you can have actual real money and you can operate in that. Well, if I'm buying something and I walk in with real money, I expect a better price than I walk in with fake money. It's just that you get a better deal. When you go pay cash for a car, pay cash for a car, you can get a better deal. When you go pay cash for a car, pay cash for a car, you can get a better deal. They'll give you money off. Or you can say as they seller, do you want to be paid in fake money or real money? I want real money, and so people will gravitate and use that, as long as you allow the free market to set the value and allow the free market to operate the system.
Speaker 3:Optionally, state-based constitutional currency, which is what I advocate for in the book pirate money, is the opt-out that really kills central bank digital currency without killing it, because the state can't. If they try this in florida, governor deSantis, good for you. You got it passed and you said that. You said very plainly that central bank digital currency will never be available to Floridians. Well, I just want to point out that in the 1970s, states one by one said we will not accept a 55 mile per hour speed limit. That's not the federal government's control. This is in our state border and of course they force it on them. Even California voted Prop 8 that says marriage is between a man and a woman. That lasted for how long? I mean California, the bluest of blue states, probably the most progressive, probably the most socially liberal state, voted to have marriage defined as between one man and one woman. The federal government came in and overruled that with a court decision. So giving an option, that's the only legitimate way to really prevent central bank digital currency.
Speaker 1:My reading of history, kevin. If you look back, I think Franklin Roosevelt, with his executive order in April of 33, I think really took a lot of people off guard and flat footed. I don't think the American people were anywhere near ready to fight back against that or understand it, and especially since we've lived through this massive inflation and devaluation of the dollar and, of course, the corruption and all the expansion of the debt. Of course, the corruption and all the expansion of the debt. I think you're right. The states and the decentralization of money is what's necessary in order to have any semblance of freedom or a constitutional republic, and I think we're better poised to do that today.
Speaker 1:I remember I was speaking with Mr Anderson at a Republican event in December of 22. Anderson at a Republican event in December of 22. And I was talking about the greatest threat to our liberty, human liberty in general was the central bank, digital currency, and no one knew what I was talking about. If you give that same talk today, they do. It's infiltrated the popular discourse and I think that's a wonderful progress. I'm very encouraged by that because it's not just the fringe and I've been talking about it for years and talking about the hijacking of the money supply and what you know. Again, the death of the dollar and what replaces it.
Speaker 1:I look at things like Davos and the World Economic Forum, and they were just so excited a few months ago that 97 percent of countries have adopted some sort of white paper blueprint for central bank digital currency. They want to run everything through a digital hub and that, you know that allows them to contract and expand the money supply in real time. It also really just, catherine often fits that it disguises surveillance as money, and that's truly what it is. It's the end of politics, it's the end of freedom, it's the end of movement, of choice, of everything. And again, that's what we're up against. The subtitle of your book is pushing back against central bank digital currency. Where do you see us in that fight now? Are they going to deliver this? And is it going to look like Nigeria, where they think, oh, we got them used to Bitcoin, they're liking this and they give them the CBDC and it's just inert? Are they going to use a crisis to implement it? What's your viewpoint on where the United States goes now with a CBDC?
Speaker 3:Well, I think they've got two choices. And, by the way, we had a Bank for International Settlements whistleblower. He spoke multiple languages and he was in doing coding for BIS to create and they have the capabilities to do it now and he said that plainly, but he spoke a language they didn't expect him to speak and he grew up in Venezuela, so he'd seen what happens when they just destroy the currency. And he listened in and he said he validated what your worst fears are it's all about control. It's the one world money system that all coordinates, connects and they control everything in every body. My thoughts on how they'll implement it is one of two ways. One way would be a banking crisis and all of a sudden, we're gonna solve and we're gonna shore up the banks, but we're gonna put CBDC in and everybody's just going to switch over to it because we're in a you know, never let a serious crisis go to waste Rama manual, which goes back to the whole manufactured crisis idea. Or the second way and this is a very seductive way A friend of mine. He's a Baylor finance professor. He was the chief investment officer at Wells Fargo. He and I served together at the Templeton group and managed one of the arms of Templeton together. A brilliant guy has a CFA, has a doctorate in behavioral finance. I mean really, really smart guy. I had dinner with him a couple of nights ago. He's the best man at my wedding. And Eric said I'm so afraid I'm going to take the mark of the beast. He told me this years ago. I said what do you mean? You're going to take it? You've read the Bible, right? You know where it goes, right? He said oh yeah, I've read the Bible. I understand. I'm afraid I'm going to take it. I said why do you think you're going to take it, eric? What would cause you to take on the mark of the beast, fearful that you couldn't buy or sell without it? He said no, no, they'll probably market it and offer frequent flyer miles for the first 10 adopters or first thousand adopters or whatever, and I'll sign up for it on the internet before I even know it. And that's what I think they will do, just like they did with the vaccines. It will be the same approach, do you remember? It's hard to remember back all that long ago. What was it Four years ago when the vaccine rollout first happened and they said ooh, if you take this vaccine, you can be one of the very few people allowed to go out in public and fly on airplanes and visit museums and all that, and but only if you're in the privilege class, only if you're older or maybe have health issues or or.
Speaker 3:And. So people lined up for it and they were like I had calls from friends and like I'm so excited I got my vaccine today. They did it and it was completely voluntary and it was a special privilege. What they'll do is, until it was mandatory and you had to take it or you'll get fired. That's how it worked. It started voluntary and then it became mandatory.
Speaker 3:What they'll do here is they'll say look, your tax refund. You can get it six weeks sooner if you'll accept it in the form of central bank digital currency. Go to this website, open your account and we'll put the money in your account today and you can use it today. You'll have to opt in, there'll be terms of service and you'll have to agree to it. It's not your money, it belongs to the government and we have all these rights, but you won't read the terms of service. You'll just opt in and get your free money and people will come to me.
Speaker 3:I guarantee it and I said I'm not taking that. And I said, like I didn't take any of the paycheck protection program, I refuse to take it. But it's free money, you should take it. You can justify taking it. You should take it. And I said I'm not taking it, I'm not even going to apply for it. I refuse to take it. But you'll be paying for it in taxes. And I'll tell you what. As soon as I get that free money in the form of central bank digital currency I've heard you, kevin I'm going to go out and buy gold with it. And would it be better for me to have the gold that I get with the central bank digital currency? They said, yeah, but you're going to open an account and you're going to sign a term of service. And when you sign that term of service I don't know if you recall the story it happened not long ago with Disney there was a doctor, she ended up taking her epinephrine going to the hospital and she died.
Speaker 3:The husband decides to sue, he sues Disney, he sues the restaurant owner and so forth. Disney says you can't sue us. You once took a free trial subscription to Disney Plus and you watched our Disney Plus and it's agreed that you would never sue us, that you would always submit to arbitration. If it weren't for a large public outcry, he would have gotten nothing out of Disney. But because he had the large public outcry, they agreed not to hold him accountable to the terms of service that he had signed to. That's ridiculous. They agreed to not hold him accountable so he was able to settle with Disney. He probably got some money for it and Disney got held a little bit more accountable. Terms of service are death and we all have agreed to so many of them with Apple, with you know. I'm surprised that when we pull up to the pump at the local gas station that you don't agree to a term of service, they are using these and that money is not yours.
Speaker 3:And once you agree to that term of service to get the patient by the way, the Paycheck Protection Program as a financial advisor, they came back and punished people who took it. Because did you disclose to your client that you were under great financial distress? Because that was the terms. That was the terms you had to say that you were caused financial distress. And if you fail to disclose that to your clients, they could selectively kick you out of being a financial advisor. They'd use the law against you if they wanted to punish you. The government had that hook into you and they could control you, which is why I filled out all the paperwork. I was guaranteed to get tens of thousands of dollars and I just stopped. I prayed about it, stopped and said no, I'm not taking it. People will take central bank digital currency thinking it's free money, not realizing that there are hooks in that money that will not go away.
Speaker 2:Right and you talk about this. I've heard you talk about it in speeches too. But it's funny we're discussing this because, to Trey Parker's credit, about 10 years ago we had a South Park episode about this very worrisome detail. But yeah, the programmable money and the time restrictions placed on it to control behavior, like can you imagine time stamps with your food stamps? And with me, my mind naturally wandered to this idea of the 15-minute city that they openly talk about all the time.
Speaker 3:That's a conspiracy theory, by the way.
Speaker 2:I know.
Speaker 3:It's a very real, true thing, but it's a conspiracy theory.
Speaker 2:Absolutely.
Speaker 3:And it's good for you. Charlie Kirkwood told me this. He says here's what I'm going to say that is not happening, but if it were happening it would be good for you. That's how they answer every conspiracy theory.
Speaker 1:Yeah, they wait till it becomes just, you know, self-evident and they're like, oh yeah, by the way, we have that and we're doing that, and why?
Speaker 1:don't you like it. What's wrong with you? Yeah, exactly, that's usually how all of this works. I see a danger and I don't want to get your opinion on this. I'm of two minds when it comes to the bimetallic system, the gold standard. We saw what happened with Franklin Roosevelt. We saw that you know the anti-hoarding or whatever you want to call that. You had to turn the gold in and the gold flows through the central bank to the Bank of International Settlements and there's a whole workup on that and I'm sure you know that history. So they expanded the money supply and then we're technically on a gold standard after Bretton Woods in 44. We're technically there on a gold standard. The dollar is still strong somewhat. You can save it. We start debasing the currency in 65, taking the silver out of the coinage. The world takes notice, as you mentioned earlier. You know De Gaulle sends the ships over to pick up the gold. Was that 67, kevin? When they were realizing that was like the height of the Vietnam War. They sent the. De Gaulle sent his warships over to pick up the gold, repatriate those dollars.
Speaker 1:I have a mixed mind on if there's a political movement in this country to go back on a gold standard do something like that, do we also have to face some sort of oh you can't own it, like we have to reverse that because they have to control the gold supply or have to control? We don't have the freedom that we were handed back in 1974, which gives the average person to be your own bank, and you talk about that in private money, and it's that to me. I mean, we have the option to do that outside of the fiat system. Is there a way? Is that going to come through the states? They make that more legitimate if we do have a political movement to take us there, because if the CBDC, that's like on one side and a return to the gold standard on a completely on the other side, I don't see them being together. Do you have thoughts on that?
Speaker 3:Well, first off is, I believe in the bimetal system as long as the free market determines the valuations. The problem historically has been we've said you know, it's 12 to 1 or 16 to 1 or whatever. And we said this is how much gold is worth, how much silver is worth. And when you do that you run into Gresham's Law. When the market determines that gold is worth more than the silver, then people will hoard the gold and they will spend the silver. That's Gresham's Law Bad money drives out good. When you have that will spend the fiat currency and they'll hoard the gold and the silver, which is what led to that unconstitutional taking in 1933, where we're going to take it at $20 and 70 some cents an ounce or what 20 something an ounce, and then market up to $35 an ounce within a year or two. And all of a sudden was wait a minute, did you? You just stole that from me and told me it was only worth 20 bucks, and then two years later you set the price globally at $35. Did you just not steal? You know, in a deflationary depression, you just stole a huge percentage of my wealth and took it for the government. Yeah, and? And people accepted that. The courts went along because Roosevelt threatened to pack them. The courts also went along because we were in a deflationary period where people were just desperate for anything to be able to buy something with and they thought it was an answer to inflation. But I think we need a bimetal standard, as long as it's a free market driven. So what is a shirt worth at Macy's? Well, it's worth what the buyer and seller agreed that it's worth, right, and so you go in and buy and if they're not selling they'll lower the price till they do sell. And then maybe it shows up at TJ Maxx because they've massively lowered the price because it didn't sell. I think that money should literally move with the price of goods and services, the ability to where you can buy something.
Speaker 3:You mentioned silver pre-1965 and 1964 quarter, between a dime and a quarter. From the history of the automobile till today, a gallon of gasoline costs between 10 and 25 cents and you say, well, that's crazy, kevin, you know I see it at $3 and 350. No, it's between 10 and 25 cents. If you take the silver content of that dime and a quarter, it fluctuates, but it fluctuates in that fairly narrow band. And today, you know, the silver content of a dime is a little less than a gallon of gas and the silver content of a quarter is substantially more than a gallon of gas.
Speaker 3:So if we have the ability to have a state that can protect against the taking the great taking of 1933, and we have a new great taking now David Webb is a friend of mine, has written about and book the great taking. But the Great Taking of 1933 was people are hoarding their gold and therefore we're going to confiscate it. By order of the United States government. You have to turn in all your gold, gold certificates, gold bonds, gold, anything associated. You know who didn't have to turn their in Person in. That order did not include a state. They couldn't order a state to turn in their gold. They don't have the constitutional authority and a state has a constitutional right to make nothing other than gold and silver. Legal tender, article 1, section 10. Nothing other. Which court rulings lane county versus oregon, or bronson versus rhodes, or briscoe versus bank of kentucky, series of court orders have said no, no. If.
Speaker 3:If a state can make nothing other than gold and silver coin, then by definition a state can make gold and silver coin. That power is reserved to them and it is not abrogated by the federal government in any way whatsoever. So what if a state decides that we're going to make gold and silver coin? Well, state can't coin money. It's very plain. A state cannot coin money. So how do we do this? State can't coin money. It's very plain. A state cannot coin money. So how do we do this If we can't make gold and silver coin and the federal government's not producing gold and silver coin at actual face value? They're producing it at a facade, a false value. So you know, $20 gold pieces were $2,650 just in gold content alone. Today, american Eagle, you know one ounce of gold. So how do we fix that? Well, several Supreme Court rulings Lane County v Oregon says if a state insists that gold and silver be used, there's no court, there's no Congress, no anyone that can abrogate their authority under the Constitution to do that. So what can they use? Well, if they can't use gold and silver coin because there aren't any, then they can use gold and silver. Bullion says it plain.
Speaker 3:In the court ruling bronson versus rhodes there is an agreement between two parties, bronson and rhodes. One loaned the other money or or did some work for the other and they had to be payable in gold coins. And by the time that court case rolled around 1868, there were greenbacks out there and they said this note is legal tender for all debts, public and private, I will pay you in paper. And the receiving end, bronson, said I don't want paper, I want gold. Well, I can't pay you. I don't have any gold coins. There aren't any around.
Speaker 3:They outlawed foreign coins and people hoarded them. They didn't want to turn them in because the coinage act, I think it in 1857, said that you have to turn in your Spanish coins and we'll melt them down and give you American coins. And people said well, what if they don't give me as much gold as I give them? I'm not doing that. So they hoarded it, put it in a shoebox, put it, you know, stored it in the closet, buried it in the ground, whatever, in order to avoid giving them their gold coins. So there are no gold coins, I can't pay you back, but I can pay you back in greenbacks, legal tender for all debts, public and private.
Speaker 3:The court ruled in a very plain ruling. It said look, you agreed to pay back in gold or silver. You can't pay back in coins. Therefore, you can pay it back in bullion. What is a coin other than a government stamp as to weight and purity of a certain amount of precious metal? Is the value because the government stamped it or is the value because of the precious metal? It is incontrovertibly true for now and for always, and this court is simply stating the truth, that the value is bullion and therefore we order that Rhodes pay Bronson in bullion.
Speaker 3:Well, when you apply those things together and you say, well, a state can make nothing other than gold and silver coin. Based on those rulings, a state can make nothing other than gold and silver coin. Based on those rulings, a state can make gold and silver bullion legal tender. The problem is is it's not really easy to use? I carry my gold coin and I go and buy a cup of coffee at the coffee shop. I'm going to shave off a few flecks and weigh it out. Nobody's going to do that. It's not functional currency. In fact, the IRS looks at a gold coin and says it's not a currency at all. It's a collectible and we will tax it as a collectible.
Speaker 3:But what if a state makes it legal tender, as they have a right to do, and they make it in the form of bullion and then you make an electronic transfer capability with a shared, understood ledger it could be blockchain or it could just be the state itself establishing a ledger and you have an account at the state state and you have so many ounces of gold and so many ounces of silver and you want to walk into a merchant and you plop down a debit card not a credit card, a debit card, meaning you've got actual gold and silver that the state agrees that you have and they transfer it from me to you, tony, or to you, mr Anderson. We make an agreement. I like to buy from you a shirt and I will pay you in fraction. Let's say, one one-thousandth of an ounce of gold, which is $2.70 approximately, or $10,000, one one-hundredth of an ounce $27. I'll pay for your shirt and I will transfer it to you in the form of gold and it will be on the agreed-upon ledger taken from my account.
Speaker 3:How is that any different than writing a check or using a debit card with fiat currency? The only difference is the underlying asset is not a fiction of the United States government. It is a very real thing. It's gold or silver and we could operate an economy that way and if a state does this under their Article 1, section 10 authority. I believe that we have an argument that that gold or silver should not be taxed for its capital gain, because there is no capital gain, it is only inflation. And guess what? We have an incoming president who has agreed with me on this and said I think it's immoral to tax the inflation inherent in capital assets. Capital gains should be indexed to inflation. All gains of gold and silver are inflation by definition all of them, if gold and silver is money.
Speaker 3:Therefore, I think we have an opportunity for a state with very simple legislation to create a bullion depository, like Texas has, or use a Brinks fault in some states, or it could be in the state treasurer's office. They could hold and keep track of gold and silver they have to have, it has to be audited, has to be real, can't be hypothecated, can't be loaned out, can't be tracked, all of those things. And we could have an exchange system and you could show up and you can say I want to take my gold out. I've left it in the system long enough, I want to have it in my house, I want to hold it and I want to feel it like you can with a bank. Now you can show up and get your dollars out of a bank account, the difference being you can't take everybody can't take all their dollars out of the banking system because there aren't enough dollars to pay them. That's why we have fdic insurance. There are not enough dollars in that bank vault to meet every. Frankly, I used to have a joke I started a startup company and we need to raise millions of dollars and we my business partner jokingly said hey, let's just knock over the first bank at carmel and take the money. And it's like, yeah, that fifty thousand dollars they hold in their vault will go a long way towards our needs here. They just don't have enough money in there.
Speaker 3:But this, if it's actual gold and silver and it's really truly held, never loaned out, never hypothecated, and audited and regularly inspected, would be a superior monetary system. That would beat central bank digital currency. It would defeat the Great Res currency. It would defeat the great reset. It would stop them tracking everything that we do and the state would not give the information over to the federal government without a actual court order. Say, well, we'll show you the transactions and it needs to be regularly audited and overseen. And will it break down and deteriorate All things do. At some point 100 years from now, maybe 30 years from now, it might break down and something happens. But at least it would give us a short-term solution to a long-term problem.
Speaker 1:I think that's the only way out is innovation and decentralization. More centralization is not going to work. We've just seen that over and over again fail. I mean that's how you get $36 trillion in debt you mentioned earlier. I mean the year 2000,. I was my first solid year in the army and I was over in the Balkans for Mr Clinton's war and the debt of the US was $5 trillion, as you mentioned earlier. And look at the accelerating rate again unsustainable. And we're not going to get out of this with more fiat currency. The term from Jerome Powell that inflation is transitory, I'm like no, the dollar is. The dollar is transitory. At this point, the average lifespan of a fiat currency is 26 years. We've doubled that. But what next? And the only reason we have is because of money velocity and things that you know. I mean, I'm not an economist but I can look and see. Well, that's because it's being used. It's like Tinkerbell If you don't clap she dies, and that's why we still have the dollar.
Speaker 1:I agreed with your synopsis in the book on the state depositories and other things. I'm I'm always skeptical of states creating something. I like the private sector doing it and that you know, as we close out. I want to have you back on because we didn't even cover. I mean, you got so much insight. I'd like maybe we can do a part two of this later. I don't want to keep you too much longer, but you know you mentioned Bitcoin earlier, do you think that? And I've been in Bitcoin since 2016.
Speaker 1:I had some of the first Bitcoin ATMs. I'm in the gold and silver business primarily. That's what I do, that's my love. But I added Bitcoin and I do accept Bitcoin and some innovative things, like we don't charge fees for Bitcoin when you use it to buy gold and silver with me. Well, I'm the only broker in the US that does that, because it's kind of symbiotic. I can put it back out on the ledger or I can sell it.
Speaker 1:I see what's happening with you know, I was in Nashville at the Bitcoin conference when Trump spoke and said that he was going to make a strategic Bitcoin reserve, or at least hinted at that. There's a lot of push for that and the Bitcoin maximalist people who aren't really fans of gold, which I don't understand a lot of the Bitcoin maximalists aren't fans of gold. They think this is going to kick off. Some sort of game theory is going to kick off some sort of game theory, and I agree in some ways that it's going to create. If that happens, it will create a, a scramble for other nations to put it on their balance sheets. Do you see bitcoin complementing gold, uh, in this, in the digital era, or is it? Is this something that's going to be a fad?
Speaker 3:well, let's talk about bitcoin and why I think it's valuable. I think it's valuable for three reasons. One One it's valuable because it's limited. If it were limitless, it would not have value. If you could mine forever and always and it didn't become increasingly difficult to mine you just mine anything it would have no value. It's the fact that it's limited. The second value is the privacy and the idea that you can have anonymity. And the third value is the shared ledger the ability for everybody to recognize and say this is real. This is a real thing and if everybody can see it, like I said earlier, I'd be a fan of Bitcoin for the monetary solution, and it may be at the private level, but it cannot be at the state level under the existing constitution.
Speaker 3:It could be at the federal level. Federal government could go on a Bitcoin standard if they wanted to, as an act of Congress, because that's coining money, and they could say this is what we coin as money. It's not what the founders intended. They intended gold and silver exclusively, but I would say it would be far better than Federal Reserve, you know, with limitless production of money. I mean. Jerome Powell himself also said on 60 Minutes we're on an unsustainable fiscal path. As long as the Federal Reserve is required to buy US Treasury bonds to keep the government afloat and to keep the money supply valuable, they will continue to buy them with their magic checkbook, creating money out of nothing. In fact, that's another 60 Minutes where Jerome Powell and Ben Bernanke and Neil Kashkari were all saying we print money digitally and there's no end to our ability to do that. So I like Bitcoin and I think it's useful.
Speaker 3:The reason that I think the state and it can be decentralized in that you can have 50 states doing this is so important is they can confiscate your Bitcoin. They can outlaw your Bitcoin. Now, public outcry would be enormous if they did it, but there was an enormous public outcry when they took the gold away. You can see Norman versus Baltimore and Ohio Railway and see all of those arguments. There was an enormous outcry. You cannot ultimately defend Bitcoin legally if the federal government wants to target you or use it or demand that your privacy be revoked from it or demand that you turn it in and exchange it for central bank digital currency and they and they co-opt it. So decentralized money is great.
Speaker 3:My solution is constitutional. Let's let the states do this as an option, not as a mandate. So people who don't like it don't use it, you don have to. But give the rest of us who want the option to transact in gold and silver and if my state is doing a bad job with it, I might just go to Oklahoma and use their version of it and they'll be interoperable, just like our toll tag is interoperable. If I drive from Dallas-Fort Worth to Oklahoma City and go up I-35 and hit their tollway, I can use my Texas toll tag and they just exchange. Everything goes back because it's all ultimately based on gold and silver.
Speaker 3:I do want the ability to take it out if I want to and physically hold it and see it and put it back if I want to. I don't want them controlling every aspect of it, but I don't want capital gains tax on it and I don't. And I want Ken Paxton, my state attorney general, prepared to defend me if the federal government tries to interfere with this state. Constitutional provision, article one, section 10,. All of this is explained in the book pirate money, which you can get at pirate money bookcom or you can get it at Amazon, which I don't mind. If you buy it at Amazon, piratemoneybookcom, you buy in bulk. It'll link you to Amazon, partly because the system is so messed up in delivery, because our economy is so tightly controlled that I'm not able to send a book effectively and deliver it effectively at a low enough price to compete with Amazon.
Speaker 3:Nevertheless, I think the state-based money should be an important part of the answer, and I think private money and the founders had private money Banks issued their own currency. They weren't restricted from doing that, and if you want to use Bitcoin, I think you should. I want the speed of transactions to be smooth and easy. I don't want the government interfering with it. I like Bitcoin. I wish that I'd been on the selling end of the two Papa John's pizzas, or whoever it was that sold those pizzas for 10,000 Bitcoin. Man, I would have sold two medium pizzas for that. I would be a net acquirer of Bitcoin relative to pizza in that instance.
Speaker 1:Well, I'm glad you're very nuanced on that as well as I am. I'm just looking for other solutions outside of the system that we currently have, because we see the failures of the cracks in it and what it creates, and it is truly evil A fiat currency. It robs people of their futures, of their creativity, and the more you dig into it, just the uglier it gets. So I'm glad that you're out there doing what you do. I so enjoyed talking with you today. I want to make sure Mr Anderson doesn't have anything else for you.
Speaker 2:No, just again. Kevin, thank you for joining the show today and thank you for taking the mantle on this issue. I encourage people to buy the book and read it. It's really great pirate money. I have a litany of other oddball questions that I'll spare you right now, but um, just God bless you and um, I hope you keep pushing on this issue because it's important. So thank you, yeah.
Speaker 3:If I could toss in transactional goldcom, we're we. When I we started this process in Texas, I wrote about it in my book game plan over a decade, 11 years ago, uh, and we started on this in Texas in the 2023 session with a freshman in the House entering legislation, Everybody told us it's possible, you'll never get it out. It actually made it through the State Affairs Committee, which is where conservative legislation goes to die. People told us they'd never get out and you know the chairman of the committee actually liked it and he passed it on and it went to the Calendars Committee and actually got passed out of that and it went to the floor and would have been voted on had they not impeached Ken Paxton. It was so low in the bill priority number because it was entered the last day you could enter legislation in the Texas legislature, so it was impossible. There's no way it actually could have passed in 2023. It didn't. So I wrote the book Pirate Money to explain it to other people and all of a sudden I started getting calls from Utah and Ohio and Kansas and Alaska and Missouri and Florida and Georgia and Tennessee and so many people started contacting me and saying we read your book. Can we do that here? And so we actually have a team at our own expense.
Speaker 3:We don't make a dime off this. I mean, I do off the book. If you buy the book, that helps me. I get a little bit of money from the sale of the book, but we're not in the gold business. I'm not. In Louisiana. They said the bankers associate, you're just trying to sell gold and make money off gold. And I said no, no, I don't have anything to do with that. I think people should buy and sell gold. I think it's important, but that's not what we do. Our business is the war of ideas, pirate money, radio, economic war room and the pirate money book. Yeah, I might make a you know, a tiny bit off that, but it's not funding. I flew to Baton Rouge at my own nickel. I'd have to sell an awful lot of books to cover the two days I'm spending in Baton Rouge with hotels, airfare and everything else.
Speaker 3:No, we're here to save America and now we have 30 states that have contacted us and we probably have two dozen that will enter legislation this session. This year. I think we've got a legitimate shot to get it passed in Florida and Texas. Both Utah did a study on this. Marla Oaks, the treasurer did a study over the summer. I participated. They've written and published the study that had a former vice chairman of the Federal Reserve as part of the study, the head of the Utah Bankers Association, somebody from the World Gold Council, a vice president from Citigroup and they all concluded, yes, this can be done, a state can do this and yes, it would work. And we have a study in Oklahoma, a study in Florida.
Speaker 3:I believe we are on the cusp of a revolution here and you'll wake up one day in 2025 and you'll say, oh my gosh, a state passed that. Now you see the articles. Texas introduces legislation. Later this year, I believe you'll see states passing this legislation. Catherine Austin Fitz, you mentioned earlier, had dinner with her and a state senator and the treasurer in Tennessee Beautiful steakhouse. We talked about this. It can be done in your state, every state can do this and it is the solution for the great reset in Central Bank digital currency.
Speaker 1:Kevin, thank you again. I want to have you back, if that's okay. We still have lots to talk about. I like the way your mind works and what you focus on. It's a breath of fresh air in a sea of fake and talk to somebody real. So I appreciate it again. And yeah, just folks go out and buy pirate money and support Kevin and all that he's doing, and there's some great information in there. I definitely benefited from reading it. So we will try to have Kevin back on. But again, appreciate you. Was it pirate money book dot com?
Speaker 3:Pirate money book dot com is where you can do a pay it forward, where we give away books and you can read about the book, and it has a link to amazon. But also economicwarroomcom, uh, which is where we do our weekly blaze television show and you can sign up for our social media and sign up to receive battle plans and so forth. And then piratemoneyradiocom, uh, where we have our weekly american family radio program. So I'd love it if people would follow me on. I just joined True Social. On Sunday we had three followers. I just looked before we jumped on here. We have a thousand eighty followers.
Speaker 3:Something's happening that people are just jumping on that True Social is at Economic War Room, twitter's at Economic War Room, facebook's at Economic War Room, twitter's at Economic War Room, facebook's at Economic War Room. And then we have on X not Twitter X also at Pirate Money Radio or Pirate Money X, at Pirate Money Radio or Pirate Money X. So anyway, I hope your viewers and listeners will follow us. I'd love to keep you all in tune. We put out some great content and this is just one of many great projects we have.
Speaker 1:Well, I hope they'll follow you too. And yeah, folks follow us Paratroother with Mr Anderson. Again, mr Anderson, thanks for being here Appreciate you having me.
Speaker 2:It was a pleasure. Thank you, Kevin.
Speaker 1:And give us a review on Wise Wolf channel for Wise Wolf Golden Crypto Show. We're going to put a lot new shows up this year and, uh, great guests like kevin. So again, thanks for for joining everybody in a world of bulls and bears. Be the wolf. End of transmission.