
What happens when a Bitcoin pioneer claims the system took his freedom, his crypto, and nearly seven years of his life? In this Digital Social Hour episode, Sean Kelly sits down with Joby Weeks to discuss his years on house arrest, the BitClub Network case, seized Bitcoin, crypto ATMs, government power, inflation, housing, Social Security, capitalism, and the future of the American economy. Joby shares his account of being moved between detention centers, pressured for his private keys, and separated from his family for months. He also explains why he believes authorities targeted early crypto entrepreneurs before Bitcoin became accepted by institutions and politicians. The conversation expands into Bitcoin’s long-term value, inflation, homeownership, corporate consolidation, taxes, artificial intelligence, government corruption, and whether the United States still operates like a truly free market. This episode is Joby’s perspective on crypto, power, personal freedom, and what...
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Sean Kelly
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Joby Weeks
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Joby Weeks
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Joby Weeks
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Joby Weeks
so my partner Ernesto goes there to go clear out the atm. He saw some police officer. So he's like, oh great. This is because he's gonna pull out $300,000. You know, you don't want to get rid of robbed by some stick up kid, right? So he goes, opens up the ATM, takes the 300 grand out, turns around and the cops rob him. That's New Jersey. It's run by the mafia. I'm not lying, I'm not joking. This is all organized crime. They took me to this unmarked building and they're hustling me for my private keys. They're trying to make me fork over my bitcoin. I'm like, you're really police? I get to see a lawyer, I get to see a judge. I get to go to jail. Where, where am I? For six hours they're trying to steal my crypto. So they disappeared me for 11 months. I got bounced around from jail to jail to jail to jail, state to state to state to state. They call it diesel therapy. My family didn't know where I was for 11 months, man.
Podcast Host
All right guys, we got Joby here coming in. Virtually a lot going on in your world. Big news coming up soon. How's it going, man?
Joby Weeks
I'm too blessed to be depressed, bro. Thanks for having me on.
Podcast Host
Fill everyone in on the latest update and everything. I know, I think next month you're finding out what's going on. Exactly right?
Joby Weeks
Yeah. Well, I've been sitting here with this ankle bracelet on my ankle for close to seven years. And so I'm looking forward to it coming off. Hopefully that's the goal. It's been quite a battle. And so yeah, June 24th is the next hearing and then of course the 4th of July, Trump plans on making 250 pardons. And so we'll see if maybe I'll get one of those. And I'm not seeing any kind of progress in the court case. I mean the government has asked for and been granted 35 continuances. This all started before COVID It started before January 6th, you know, and I've been sitting on house arrest ever since, so I'm excited to see what happens.
Podcast Host
You might have the record for longest house arrest.
Joby Weeks
I definitely do.
Podcast Host
Holy crap. Seven years is crazy. Yeah. Usually it's like a couple months, max.
Joby Weeks
I feel like, well, dude. And I still haven't even been convicted of a crime. I've never been sentenced. I still haven't even had a trial, bro. We've gone through 12 prosecutors. They're all quitting this case. Like rats fleeing a sinking ship, man. It's. That's quite incredible to watch.
Podcast Host
So you're in limbo almost, huh?
Joby Weeks
Purgatory. Yeah. I've been sitting here. I can't go anywhere. Can't do anything. Can't have a job or a computer or phone or use a bank account or crypto. I have to have a guard watch over me 24 hours a day. Holy crap. It's wild, man. I can't get sunshine. I can't go to the gym. Weddings, funerals. I can't go to church.
Podcast Host
Wow.
Joby Weeks
They treat me like I'm the most dangerous person in the whole world.
Podcast Host
It's insane. So I bet you're doing a lot of reading.
Joby Weeks
I've read a lot. I became a lawyer, read about 3,000 pages of law. I feel like Moses, you know, the law bearer is like, let my people go. You know?
Podcast Host
Holy crap. That's insane, man. Seven years, and hopefully the 24th, something happens, you're feeling optimistic.
Joby Weeks
Well, now everybody likes bitcoin. You know, in 2019, there was no Blackrock and Goldman Sachs. There was no strategic bitcoin reserve. They were coming out hard against crypto. It was called Operation choke Point. You know, when Obama got the orders from the guys in the cloud to shut it down. Guys in the cloud, if you know how the cloud works. There's the Central bank of the World, the Bank for International Settlements, and they have the member banks like the imf, the World bank, the Federal Reserve, the Bank of England, and then the member banks like Chase and Wells Fargo and Bank of America, and then all the mom, mom and pop banks. This swip system is owned by these families, these trillionaire trusts. I call them the guys in the cloud. And those guys sent orders down, stop bitcoin. I mean, $3.5 trillion has left their banking system and gone into the crypto space. And they're not too happy about it. So Obama just was following orders, shut down anything that had to do with crypto. He went after the ATM guys, the real world asset guys, the, the chip manufacturers, the miners, the exchange guys. Every vertical in the crypto space was attacked. And I was, you know, the largest bitcoin miner on the planet, set up the biggest data centers and we mined over 92,000 bitcoins and a half million. Ethereum had over a million members from 100 countries. And the government just came in with machine guns, stole everybody's money, stole all the equipment. We were making over $5 million a day mining Bitcoin. And that was 2300 days ago. So there's $10 billion missing, you know, wow. It's like probably one of the biggest heists you've ever heard. I mean, the Silk Road heist was pretty good. And those agents went to jail when they raided the Silk Road. The agents stole the bitcoin. They didn't even give it to the government. They kept it for themselves. And the agents went to jail for it. And it's just another rinse and repeat.
Podcast Host
Any activity on the crypto they took or is it still dormant?
Joby Weeks
Oh, I've tracked some of it, but, you know, I call the IRS up in West Palm beach, hey, where are the assets? There's no asset forfeiture. They've put on the docket that they're going to give the assets back, but they never do. They're like, call the marshals in Tampa. So I call them, they say, oh, I don't know, call the FBI in Miami. I talked to them. Oh, we sent four boxes to Colorado. So I called Colorado. What happened to the assets? Well, we only received one box. I don't know. Call New Jersey. So I just get the run around. They can't find the assets. You know, how do you lose a billion dollars worth of computer equipment? That's a lot of this big data center. Who's got it? Where'd all the bitcoin go? So it's kind of a crazy, crazy story. It's going to be a good movie one of these days.
Podcast Host
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Joby Weeks
It wasn't just a wild goose chase when these guys kidnapped me or arrested me. I was at Tony Rob doing Date with Destiny, and, you know, they took me to this. This unmarked building, and they're hustling me for my private keys they're trying to give me to make me fork over my bitcoin. And I'm like, if you're really police, I get to see a lawyer. I get to see a judge. I get to go to jail. Where am I? For six hours. They're trying to steal my. My crypto, and I thought they might take me to Gitmo. I was like, what the heck's going on? So I finally was like, I got to keep my bitcoin for lawyers and to pay bail and all that kind of stuff. Well, they get mad. And so they disappeared me for 11 months. I got bounced around from jail to jail to jail to jail, state to state to state to state. They called Diesel therapy. My family didn't know where I was for 11 months, man.
Podcast Host
Holy crap.
Joby Weeks
It's a wild story. I should probably start from the beginning, though, huh?
Podcast Host
Yeah. Yeah, we probably should.
Joby Weeks
I don't know how many of your. Your listeners know this story. I have done a couple podcasts, but it's just been the craziest experience. You know, I'm grateful for it, and I've learned a lot, and I've learned patience, and, you know, I've learned to trust God more. I believe that, you know, God laughs at the plans of man and, you know, so his timing is perfect. I'm finding out. And so here we are today. Seven years happened, December 10, 2019. So six and a half years later, it's looking like it's going to come to an end. Team Trump likes bitcoin. Eric Trump is now mining bitcoin. So, Yep. Yeah, yeah.
Podcast Host
Who would have thought, man? Who would have thought? You were just too early, I think.
Joby Weeks
Well, that was the problem. You know, when I found out about bitcoin, it was 85 cents. I bought my first bitcoin on the Silk Road. Nobody knew what a bitcoin was. And before that, I was minting gold and silver coins for an organization called Liberty Dollar. I was the regional currency officer for Colorado, and we minted hundreds of millions of dollars of gold and Silver coins and had about 20,000 merchants that were accepting our money for their goods and services. We were the number two most popular currency in the United States. And so it was going along great. We pumped silver from 4 bucks an ounce to $49 an ounce. And so we decided, let's put Ron Paul's face on a coin because he was running for president. This is back in 2008. There's Gandhi coins, there's Martin Luther King Jr coins. Why not make a mode coin, right? So we sold 60,000 of those month1. And besides money to do like the Ron Paul limo and the Ron Paul blimp. I took the limit of 30 states and all the debates and tried to get everybody excited about freedom and liberty, sound money, private property, bringing our troops home and all that stuff. And so, so after that, we pooled about $5 million together and minted about 4 tons of gold, silver, platinum and copper Ron Paul coins. And then the feds came in with machine guns and stole all that money too.
Podcast Host
Jeez.
Joby Weeks
So we're like, wait, why can't we mint gold and silver? The Constitution clearly says gold and silver is lawful money. So that was another seven year ordeal where we had to start a class action lawsuit against the FBI to get our silver and gold back. And so that was about the time bitcoin came out. And I thought, oh well, we had a mint. So we designed the bitcoin logo and put the private key. We laser etched the private key on the back of the coin so that people could take their bitcoin off the Internet and put it on a physical wallet that's fireproof and floodproof. We called it a cold storage coin and that went viral. The whole world has now seen there's
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Sean Kelly
In business, I'm always trying to get the best outcome for the best price. So it's kind of crazy. I haven't looked at my life insurance in years. I don't even know if what I'm paying is competitive or if I have enough coverage with how things have changed. That's why I started looking into select quote. For over 40 years, they've helped more than 2 million Americans secure over $700 billion in coverage. Their whole model is simple. It's they shop around to find you the right policy for your specific needs so you're not overpaying or undercovered. Their licensed agents work for you in as little as 15 minutes. They compare policies from top rated carriers to find something that fits your health and your budget. And they do it for free. No medical exam, no problem. You could get same day coverage up to $2 million. And if you've got pre existing conditions, they've got options for that too. Get the right life insurance for you for less and Save more than 50%@SelectQuote.com DSH Save more than 50% on term life insurance@SelectQuote.com DSH Today to get started. That's SelectQuote.com DSH Bitcoin logo and but
Joby Weeks
then of course the Silk Road got raided. I lost all my bitcoin again. So I'm gonna buy some more bitcoin. Bought it on Mount Gox. BitInstant and Mount Gox it started and then that got hacked. I lost all my bitcoin again. And I was at a thing called Porcupine Festival in New Hampshire in 2013 and I met a guy named Vitalik who was starting a new project called Ethereum. And so I thought, oh, I'll help with that project. Got some Ethereum. And then that got hacked. Fork the chain. It was called that DAO hack. It was like 60 million bucks. So I was like, this is wild west, you know, back in the early days of crypto. And so then somebody said, well, why don't you start mining bitcoin? And I'm like, I don't really understand mining and how that all works, but sure, what do you do? And it's like, well, if you have a laptop computer, you can just take it out of your attic. It's just collecting dust, open it up and run some software and help secure the blockchain and track the transactions. And by doing so you get a piece of this free bitcoin. And so I thought, well, if I'm making a dollar a day on my laptop mining bitcoin, if I filled a whole data center with a million laptops, I'm going to make a million dollars a day. And so that's what we decided to do is go out and build big data centers and mine lots and lots of bitcoin.
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Joby Weeks
It works. That's nothing is illegal about that. I broke no laws. I harm no people. There are no victims. There's no injured party. There's no one withstanding to sue. In fact, the SEC today says that mining bitcoin is not a security. But they came in and they kidnapped and arrested me saying that I was selling an unregistered security. All I was was a vendor selling physical computer equipment, mining hardware to an organization called Bit Club. Bit Club raised $700 million and they hired me to go build all these big data centers and you know, set them up with all this hardware. And they mined $10 billion of bitcoin. Everybody got paid and then they, they just came in and stole it all. So it's crazy.
Podcast Host
Were you the only one they that got arrested from all that or were there people from those companies that got arrested?
Joby Weeks
Yeah. So Bit Club is a conspiracy. There's five of us. So Matt and Russ are the owners of bitclub and the creators and founders of it. And then Catlin was the guy that ran the website and Joe was like the master sales guy. And then I didn't even hear about bitclub until 16 months after it had started. I got a phone call saying, hey, but this organization Bitclub is doing a due diligence trip where you could Vet the company and walk through their data centers, et cetera, up in Iceland. So I flew up there because I always like to meet the owners and vet companies before I'm going to work with them.
Podcast Host
Yeah.
Joby Weeks
And about 200 others flew in as well. And we walked through the data center and I end up in the Blue Lagoon, you know, talking with the owners. And I asked them, where are you guys getting this mining hardware, this computer equipment? And they said, from an outfit in China called Bitmain. And I thought, well, how much do they charge? And they said, $300,000 of petash. And I said, well, what is a PETA hash? I didn't even know what a PETA hash was back then. They're like, well, you know how megabytes and then there's terabytes and gigabytes and petabytes. And I'm like, yeah, okay. So that's computer processing speed, right? I'm like, okay, okay, PETA hash. And so I was like, well, I know some other guys that are making chips and stuff. They call them ASIC chips because when you first started out, it was CPUs. And then somebody got smart and made them with the graphics cards, the GPUs. They call it like Nvidia. And then these other guys, like Butterfly Labs and BitFury, they were making ASIC chips. Butterfly Lab was attacked by the FTC and unfortunately had to close their doors. But BitFury was still making the chips. And I had met those guys at Necker island with Richard Branson. And I became friends with them. And I said, would you guys sell me some machines that print money? And they kept on telling me, no, you know, why would we sell you a machine that prints money when we could keep the machine and print money ourselves? You know, I said, well, I guess you got a point. So long and the short. I told the Bit Club guys I might be able to score some mining hardware. And they told me 300,000 a pet a hatch. So I called BitFury and I'm like, hey, would you guys sell me a PETA hash for 250 grand? And so they finally. They finally said yes. So then I called up the big club guys and said, hey, I can get it for 275 grand. So you're saving 25 grand a pet a hash? You guys want to? And they said, sure. So that's basically what started off the whole thing where I just was a vendor selling computer equipment to Bit Club.
Podcast Host
Mm. Wow. And then none of them got in trouble or.
Joby Weeks
Well, they're All. We're all stuck in this conspiracy. We're all still on house arrest.
Podcast Host
Oh, they are too?
Joby Weeks
Yes.
Podcast Host
Oh, I didn't know that. Okay.
Joby Weeks
Yeah, we still are waiting around for our trial. It's crazy. So when this all started, I. I realized, like, because of Operation Chokepoint, you know, and. And then the. It's basically. It's Biden Law firm that I've been dealing with. I hired a guy named David Boies, who, you know, he's a deep state CIA guy. The. The Yale Law School is named after him. You know, Hunter Biden worked for him for 10 years. So I'm like, oh, this guy should be able to help me. You know, I'm spending $5 million and. Shh. Don't do any podcasts and interviews. I was just getting railroaded by these guys. It was just a big heist. And so I decided to fire him, and I brought on Alan Dershowitz, who's, you know, taught at Harvard for 50 years. He's a deep state guy. I'm thinking, this is a deep state heist. You gotta hire the deep state guys to try to figure out how to get my money back, you know, and he wrote a great white paper and stuff. But after a while, I was like, you know, forget this. I'm just going to fire everybody. I'm going to represent myself pro se. And so I started writing all my motions as formal complaints, and I pointed out all the felonies that the government's involved in because, you know, they broke a lot of laws. I mean, the Constitution, due process says you get indicted, you get arrested, you get bail, you get a trial. And if you're convicted after trial, then you go to jail after you've been convicted. They don't do that in this country. They kidnap you, they deny you bail, they deny you a trial, they throw you directly into jail, and then they let you sit there and torture you for one or two years. And then they come to you and say, hey, you know, we have to eventually give you a trial, but if you fight us, you're looking at 20 years in jail. But if you just sign this piece of paper, we'll let you go home tomorrow. Just sign this plea agreement. And that's why the Department of justice has a 97% success rate in convictions and is because they break the law and they violate their oath of office and they throw people in jail before they get convicted of a crime. And so that same thing happened to me. My lawyers are like, what do you want to do? I was being bounced around for 11 months. It's called Diesel Therapy. How it works basically is if they need to move you from New York City across the bridge to Newark, New Jersey, that's a half hour drive. What they actually do is they send you to Chicago, they check you into jail, check you out, then San Francisco, check you in, check you out, then down to la, check you in, and then over Vegas and down to Houston and over through Florida and stuff. And 11 months later you finally make it to Newark, New Jersey, which should have hardly taken a half hour.
Podcast Host
What the heck they do to people?
Joby Weeks
It's crazy. Look it up. It's called Diesel Therapy. So you know, I got this proposal offered to me saying, hey, if you insist that two plus two is four, you're going to sit here in jail. Because we figured out a loophole around the Constitution. See, we're not going to give you bail because you're a flight risk. We say no evidence, but they just said it. And we're not going to give you a trial because we're going to call this a complex case. And then we just get the judge to do what's called an ends of justice ruling. And so now we don't have to give you trial. And I'm like, well, if you're not going to give me a trial, you got to give me bail. And if you're not going to give me bail, you got to give me a trial. You can't just deny me both. That's totally illegal. But then I realize it's the District of New Jersey, it's the mafia, it's organized crime, that's who runs the place. I grew up in Jersey, so what do they want me to admit to? They want you to admit that two plus two equals five and they'll let you go home tomorrow. I'm like, well what does that mean? They want you to say that a computer, a physical product that you can take delivery on and depreciate you have a computer. They want you to say that a computer is an unregistered security. And if you say that in this plea agreement here, then we'll let you go tomorrow. And I got a little daughter who, she's 1 years old, she's learning to walk and talk and stuff. So I'm like, well, I can always reverse my plea before sentencing, right? And they're like, oh yeah, absolutely. As long as you do it before sentencing, you're good. Okay, two plus two equals five. So they let me out. So now I'm out of jail, I'm back with my home. I'm on house arrest with this ankle bracelet on. And so then I have to file all this paperwork to rescission the autograph on the police statement because it's illegitimate. You can rescission it if there's force, fraud and coercion.
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Sean Kelly
In business, I'm always trying to get the best outcome for the best price. So it's kind of crazy. I haven't looked at my life insurance in years. I don't even know if what I'm paying is competitive or if I have enough coverage with how things have changed. That's why I started looking into select quote. For over 40 years, they've helped more than 2 million Americans secure over $700 billion in coverage. Their whole model is simple. They shop around to find you the right policy for your specific needs so you're not overpaying or undercovered. Their licensed agents work for you in as little as 15 minutes. They compare policies from top rated carriers to find something that fits your health and your budget. And they do it for free. No medical exam, no problem. You could get same day coverage up to $2 million. And if you've got pre existing conditions, they've got options for that too. Get the right life insurance for you for less and save more than 50%@SelectQuote.comDSH save save more than 50% on term life insurance@SelectQuote.comDSH today to get started, that's
Joby Weeks
SelectQuote.comDSH then the contract is null and void. A.B. anita they call it. And so that's what I did. And I, I've just really pissed off a lot of prosecutors and judges because, you know, I just point out how they've broken the law so many times I put it on the docket. And when you report a felony to an officer of government, if they don't do anything about it, it's called a misprision of a felony and they become accessories after the fact. So it's actually a crime. If I report a crime to an officer of government, they do nothing. That's a crime, you know. So like, so the three prosecutors, they read it and then they quit. Three more prosecutors, come on, they read what I wrote and then they quit and Three more.
Sean Kelly
Come on.
Joby Weeks
They read what I wrote and quit. And three more. I've gone through 12 prosecutors now. It's been almost seven years. It's crazy.
Podcast Host
They don't want the liability. They don't want the chance of getting in trouble. Right.
Joby Weeks
Well, I had to countersue them. I'm suing them right now for $22 billion under RICO, the Sherman antitrust act, the Hobbs act, and the Tucker Act. I'm telling you, they're total criminals. They do not follow the law. They do not follow their oath of office or the Constitution. And it's horrible because if you just look at the Constitution, gold and silver is lawful money, fiat money. The dollars that are circulating, that's not backed by gold and silver that springs into existence out of debt. It's not backed by gold. It's backed by bonds, backed by birth certificates, backed by the government's ability to tax us. So they hypothecate humans. They're using us as collateral for the debt. That's why we have an income tax. Ronald Reagan audited the irs and he said that with Peter Grace. That's the guy's name, the Grace Commission. He said that 100% of the personal income tax goes to pay interest on money the Fed creates out of not. Not a dime of the income tax goes to pave the roads or pay the police officers. You know, your gasoline tax goes to pave the roads. The property tax is what goes to do the school system. But the income tax just goes to pay interest on money the Fed creates out of nothing. So we've inherited this system where if we pay the debt off, there would not be a dollar left circulating anywhere in the economy, and yet we would still owe all the interest. You can't pay principal plus interest. If only principal exists. It's a mathematical impossibility. It's like a game of musical chairs. There's 12 people going after 10 chairs. So it's just like this insane system. Which is why I love bitcoin, is because it doesn't spring into existence out of debt. Bitcoin equals freedom. We can actually transfer value across the Internet without having to go through a trusted third party like a government or a bank, you know?
Podcast Host
Yeah, I know it went down a lot this week, but that probably doesn't worry you at all, right?
Joby Weeks
Oh, I got it when it was 85 cents. What's your dollar? $10. $100. Thousand dollars. $10. No, Bitcoin's going to go to a million dollars and then it will go to $10 million?
Sean Kelly
Why?
Joby Weeks
Because the government's never going to stop printing the money. So it's only ever going to. I mean, we go like this from time to time. But if you believe the government's going to stop printing trillions of dollars, then.
Sean Kelly
Hold dollars.
Joby Weeks
If you believe the government is never going to stop, then buy some bitcoin, buy some gold, some silver, some Z cash, some more, some real estate. Anything that they can't print. You know, and if you think about it, how crazy this is, in the year 2020, when Biden took over, $6 trillion was created out of nothing. Now, if you or I did that, we go to jail. Because counterfeiting is against the law.
Sean Kelly
Why?
Joby Weeks
Because it creates victims. Anybody that uses the dollar is losing purchasing power. You're stealing from everyone. Right. So they just create $6 trillion out of nothing. The average American makes $60,000 a year. So if you divide 60,000 by 6 trillion, that equates to 100 million years. 100 million years. What's the average worker for? A lifetime productivity. They work for, what, 20 till 70 years old? So 50 years of. Of work.
Podcast Host
Yeah.
Joby Weeks
Divide that 50 years by work by 100 million years. That's 2 million people. They literally, in one year, stole the lifetime productive production of 2 million Americans. Man. They just stole it. That's what they. That's the power these guys have. It's crazy. So I don't know why anybody wants to keep using dollars, but, you know, as long as they continue saving dollars, they're just getting robbed via inflation. And it's so much smarter to buy things like bitcoin instead.
Podcast Host
Yeah, inflation's nuts. I mean, being a millionaire is no longer impressive because inflation, man, I remember when I was a kid, that was the goal, but it's not even a lot of money now.
Joby Weeks
You got to be a DECA millionaire to even afford anything.
Podcast Host
For real, though, like, the average person can't get a house now.
Joby Weeks
You know, I've got a solution for that.
Podcast Host
Bitcoin.
Joby Weeks
No. I've been sitting here figuring out how to fix all the world's problems. I've been sitting here twiddling my thumbs on the house arrest. Now, it's called social equity. See, there's about 80 million renters in the United States and they can't afford to buy a home. Like you just said, it's feudalism. There's landlords and rent serfs. And so my idea was like, why don't we just fractionalize homes? Because people can afford to buy a
Sean Kelly
room in a home.
Joby Weeks
Right. And so we created a new mortgage called the Coffee mortgage, the co ownership foreclosure free equity exchange mortgage. And so this allows people to come in and start building equity in their 20s instead of waiting till they're in their 40s to get their first home. And so I think it's an awesome solution. It allows you to have mobility where you can swap your equity and continue paying down your mortgage. So if you want to live in L. A for a couple of years and then move to Vegas, you can take your equity with you and continue paying down your mortgage. You just swap with another home on the platform. And what it does is it creates universal basic income, which is what everybody's talking about. The communists have been trying to do it for 100 years. They murdered 100 million people and they still couldn't figure it out. Here's how we do it. Let's say there's three guys that are renting a $600,000 home. Okay? It's $5,000 a month rent. If they bought that home, it'd be $4,500 a month. So it's actually cheaper to be an owner than a renter. Okay, if you divide the 4500 by three, that's 1500amonth per person. Let's call it a 15 year mortgage of 180 payments. At the end of 15 years, the house is free and clear. 600 grand divided by three, that's 200 grand in equity per person. If you divide that 200 grand by the 180 payments, it comes to 1111. So they're paying $1,500 a month out, they're getting 1111 back. So they're living in a $600,000 home for 379 bucks a month. But most homes are doubling every, you know, 15 years. So call it a $1.2 million home. That's 400 grand in equity per person. Divide that by the 180 payments, that's 22, 22. So if you're paying 1500amonth out, you're getting 2,200 back. Your positive cash flow, $700 a month, and you're living in a $600,000 home for free. That's UBI figuring out. Let's go, go to SocialEquity IO.
Podcast Host
That sounds better than the 50 year mortgage to me.
Joby Weeks
Nobody wants a 50 year old mortgage in Blackrock. You know, whenever you tokenize something, you know, you had to do that executive order to stop BlackRock from buying all the houses. But if they took $1 million home and they threw it up on our platform. It'd be a $1.2 million home instantly. Because whenever you fractionalize any of the boats and airplanes and, you know, homes or whatever, it automatically goes up about 20%. So BlackRock would move all their inventory onto our platform. We'd have all these kids that can now start building equity at a young age. The banks love it because now they don't have to deal with foreclosures. And the banks can now lend to 80 million people they couldn't lend to before.
Podcast Host
Yeah.
Joby Weeks
So I've been sitting here trying to figure out all these, you know, unique ways to solve humanity's problems, and I'm so ready to get out.
Podcast Host
I'll help you with that one. That one sounds great. Because a lot of people in Vegas aren't happy with BlackRock and the VCs that came in and bought up all the casinos and the houses out here, you know.
Joby Weeks
No, they got all this money on the sideline they're trying to deploy somewhere. Every company on the stock market is so inflated, if you look at the price to earnings ratios and stuff, they just needed to deploy money somewhere. So I can understand their situation. And you know, one of my things that I also thought up was how do we eliminate the income tax and how do we eliminate tariffs but still bring more money into the government than they're currently raising now? And so I had this idea. You know how 401ks work where you get paid 5,000 bucks and you're, you're, you know, you know, you got to pay taxes on it, but if you put 1000 bucks into a 401k, now you only have to pay taxes on 4000 instead of 5 because the 401k allows the money to grow tax free, Right?
Podcast Host
Yeah.
Joby Weeks
So what if we created a Treasury wealth account? If you understand how the new GENIUS act was passed and it allows stable coins. So Tether, for instance, buys bonds direct from the treasury, skips the Federal Reserve bank, and they just buy bonds direct and create their USDT coin. Cantor Fitzgerald's is the custodian of the bonds, Right. Well, why don't we do the same thing but let the people make the money instead of all these bankster gangsters making all the money. So you make your 5,000 bucks, put it in your treasury wealth account like a 401K. Now it's 100% tax free. You then take that money and buy the treasury bond, Right? So now you have an asset, it's going to pay you 4.5%. But now you could borrow against the bond at 4%, let's say. So there's an arbitrage play there. And on top of it, loans aren't taxable. So that brings in all the money that the Fed needs or that the treasury needs, the government needs to run. It eliminates the income tax. Right. And, and it actually helps the people build wealth. And then instead of tariffs, which are like a one off, you know, commission for the government, why not create something of value like innovation credits, which act, let's say like carbon credits where let's say tariffs are only bringing in like 200 to $400 billion a year. Anyways, this is so much smarter idea. Get rid of tariffs, do innovation credits. Let's say if you want to import like olive oil or something from Italy, you buy these innovation credits. It tracks the olive oil through the supply chain to Whole Foods. I go to Whole Foods, I buy the olive oil and voila, I got to kick back some of these innovation credits like frequent flyer miles, you know, so that's my incentive for participating in the, in the US Economy instead of buying, buying olive oil on a dark alley, you know, on the black market with cash. Right. So I'm participating that data from seed to sale, that hardens and hardens and all the transactions. Next thing you know, it's a trillion dollar asset you could put on the books for the Treasury. Trillion dollars. Way better than tariffs. So if we could eliminate income tax and tariffs and fix the real estate thing and save capitalism, get everybody using crypto. So this could be one of the reasons why they have me sitting here in timeout because they don't want to do any of that. They want people dependent, you know, our government.
Podcast Host
You're solving all the biggest problems.
Joby Weeks
Yeah, it's called the American innovation economy Dot com. You can check it out.
Podcast Host
Let's go. What about Social Security running out? Have you solved that one yet? I think they say six or seven
Joby Weeks
years left, that's the biggest Ponzi scam on earth. Well, that's why they didn't like me, because I was, you know, they were trying to stop Bitcoin, you know, and they couldn't stop his math. So the next tier down are the miners. Right. And I was the biggest miner. So I was peeking at all the conferences. I went to 175 countries and I'm up on stage. Social Security is the biggest Ponzi scam in the world. World's run by a bunch of devil worship and child trafficking, pedophiles blah, blah, blah. So they. They got mad at me, and I actually took a speedboat and raided Jeffrey Epstein's island after they announced that he had died. At me and my buddy Luke and.
Podcast Host
No way.
Joby Weeks
Luke Radowski and Jeff Burwell.
Podcast Host
Oh, I know Luke.
Joby Weeks
You know Luke? Yeah, good buddy. He comes over all the time. He's here in Florida, too. So anyways, we ran around filming Jeffrey. We were trying to see if he was still alive or not. And. No. But we put it up on YouTube. It got 2 million views, and next thing you know, I got arrested. Right. Like, weird timing. So I wasn't making very many friends in the deep state. But, you know, it's like Singapore. Nobody's sucking off Social Security because everybody's rich. You know, if we help kids build equity from a young age and they're millionaires, why would they need Social Security to begin with? But the problem is with things like HUD and FHA and all this stuff, these Section 8 homes, you have what's called the tragedy of the commons. So nobody wants to fix up any property if they don't own it and they don't get any of the benefits of the fruits of their labor.
Sean Kelly
Right.
Joby Weeks
So they never do it. But if they take ownership now, they make things better and all this kind of stuff. The only thing that works right now for HUD is the guy that starts with 10 homes and he's renting it to the people and getting the. Getting the checks from the government.
Podcast Host
Yeah.
Joby Weeks
15 years later, that guy's got 100 houses. The people are no better off than they were 15 years earlier. And 50 years after that, now he's got 10,000 homes, and these people are still stuck. You know, why don't we help everybody get rich, save capitalism, Let them have access to capital, otherwise they're just going to burn the system down. That's why people vote for Bernie Sanders and Mandambi is because they got no skin in the game. They got nothing to lose. Burn it to the ground. If you want to actually save capitalism, you have to let the people have access to capital 100%.
Podcast Host
Yeah. Singapore and Dubai seem to be crushing it right now.
Joby Weeks
I think. I know. Do I have no taxes? You know, it's like, hello, like, the richest companies in the world have no taxes.
Podcast Host
Right.
Joby Weeks
You know, so that's what you do. It's a formula.
Podcast Host
Yeah. But out here, it's in Cali, in New York, man, you're paying over 50%.
Joby Weeks
And you see. You see everybody fleeing from Florida and Texas you know, and.
Podcast Host
And Vegas.
Joby Weeks
Yeah. Nevada's got no state income tax, you know.
Podcast Host
Yeah.
Joby Weeks
So, I don't know. I don't like the idea of people being debt slaves to the banking cartel. I don't like people being dependent on pharmaceuticals and slaves to the pharmaceutical cartel. I want to see people off the grid, generating their own electricity so they don't have to be slaves to the oil cartel, etc. So that's all I've been doing with my life for the last 30 years, is trying to bring new disruptive technologies to the marketplace. And. And so I understand the risks, you know, of being kind of the nail that sticks up the highest of the hammer can hit you.
Podcast Host
Yeah.
Joby Weeks
But I'm doing what I can to, you know, inspire others to hopefully, you know, to get up and take action and position themselves in front of these trends. I mean, if you read rich dad, poor dad in the cash flow quadrant and retire young, retire rich, the formula is very simple, but there's two types of people, Rich people and poor people. Poor people take their money, they instantly make their money, and then they instantly spend it on their bills, insurance and car payments and house payments and food and stuff. It's just in and out. Rich people take the same money, but they put it into an asset first, and then the asset pays their rent and their car payment and their insurance, and then they make their money, put in an asset. You never want to take 50 grand and buy Mercedes Benz, then the money's gone. You take 50 grand, put it in an asset, the asset generates cash flow to pay the monthly car payment. Three years later, the Benz is paid for it, you still have the asset generating cash flow to buy you jet skis or a motorboat. It's a simple formula. If everybody did that, we won't even need Social Security 100. So that's the idea. That's why I liked bitcoin mining, was because that's an asset. Bitcoin is the goose, there's the golden egg. And bitcoin miners are the goose that lay golden eggs. Right. Why would you just buy a bitcoin? You just put in your safe and you still only have a bitcoin 10 years later? Or an ounce of gold or ounce of silver just collects dust. You got to buy the asset that generates the cash flow, which are the miners. So that's why we blew up so big. We were the fastest private membership association in the world to hit $1 billion in sales faster than Google and Facebook and Amazon. Not market cap, actual sales. And they had to stop it, you know, So I was just the target and they kidnapped me.
Podcast Host
Yeah. Actual sales, unlike the AI companies these days, no profit, but they're worth billions.
Joby Weeks
These companies don't make a profit forever, if they ever do. You know, it's like, that's why I always have to say actual sales, not Val, because they just closed the round to do another round to close the round to do another.
Podcast Host
It's in the hundreds of billions now. It's almost insane how none of them are profitable yet, but they're raising so much money, it feels like we might be in a bubble. Right?
Joby Weeks
Yeah. Well, I mean. And you know, that's another conspiracy, too. Is this securities act of 1933, Title 15. Like, you know how many rounds Uber had before Uber finally went public? So it's like the little guys that could use the money the most aren't allowed into getting in these great deals. When Uber was at $10 million valuation, they were all blocked from joining. The public's not allowed to get until it's got a $40 billion valuation. And by that time, all the rich insiders have exited. So I don't know why we're still putting up with this securities Act. I don't know why we've got it still. It's only there to hold the people down and block competition so these guys can have monopolies to jack up the prices. When competition is allowed, quality goes up and prices come down. Only a monopoly is it screws the people. And yet here we are, going to the government, begging the government to protect us by passing laws that literally enslave us.
Podcast Host
And then every financial advisor says to invest in the S&P 500. You know,
Joby Weeks
these pension funds are the ones that are always left holding the bag. It's retarded, man.
Podcast Host
I know you were hyping up capitalism earlier, but do you think when it gets to a certain level, like big four pharma, big food, big agriculture does more harm than good?
Joby Weeks
Well, what the cat. What those big companies do is they bribe politicians to pass laws to block their competition so that they can jack up the prices. So, I mean, that's what. That's how communism was funded by the capitalists. They. They were like, oh, let's trick the people into thinking communism is so great so we can get slave labor. It's like, you know, because every system is a capitalist system. They're all capitalists. It's just, who has control of the capital, the people or the state? Right. Obviously, it's better for the people to have Control of the capital. Don't you think you could spend your money better than the government can? I mean, you know how much fraud and waste? I mean, remember Doge with Elon Musk? He's like, $2 trillion a year is fraud. It's like, okay, so we're obviously being retarded giving all this money to the government just to steal it. Why don't we just keep the money for ourselves, you know, and let the market decide who gets to win? And lo, let competition work. You know, we haven't had a free market capitalist society in over 100 years. All 10 planks of communism are law in the United States right now. If you read the Communist Manifesto, Karl Marx's book, literally all 10 planks of communism are law. And then everybody's trying to blame capitalism for our problems. I'm like, you guys are retarded. We haven't had capitalism in 100 years.
Podcast Host
Wow. So we're a communist country right now then?
Joby Weeks
For sure. I mean, there's three different United States that were created according to the Supreme Court in Hooven, Allison versus Evatt. So, you know, you got the country, the United States, which is made up of the 50 states of the Union, like California, Colorado, Florida, and then the territories, possessions and enclaves like Guam, Samoa, Puerto Rico, the Virgin Islands, the Northern Mariana Islands, Washington, D.C. that's a district, not a state. Right. The second United States the Supreme Court defines as the 50 states of the Union only, and it excludes the territories, possessions and enclaves. The third United States is the territories, possessions and enclaves only, and it excludes the 50 states of the union. So there's three different United States. Now, when you're reading the statutes at large, which is 250,000 pages long, titled 1 to 50, like, if you read for 10 hours a day, it would take you 10 years to read the law once.
Podcast Host
Holy crap.
Joby Weeks
I know. It's so, so retarded.
Podcast Host
That's insane.
Joby Weeks
Anyway, so there's three different United States. Well, this de facto corporate state United States is straight communist. And then you've got the constitutional de jure republic, United States that isn't. But that was. You know, there's this interesting battle that's taken place. I don't know how much time I just want to go into that. But it's an interesting study because, you know, I was always wondering, how are they. How were they able to integrate this stuff into our society without a shot being fired? Our country's literally been captured, and I wanted to know how they were able to do that. And so I did a lot of research and studying and I found that Congress legislates for two different entities. One is called the national government which handles business amongst the territories and possessions and enclaves. And one is called the federal government that handles business amongst the 50 states of the Union. So if you read the Constitution, Congress has very little power to operate in the states. Basically anything that crosses state lines, they call it the interstate commerce clause. So if the money's crossing state lines and you're busted counterfeiting, that's federal. If you're the mail crosses state lines, the mail fraud is federal. You got your patents, your trademarks, your copyrights and all that stuff is federal. Everything else was reserved for the states of the people per the 9th and 10th Amendments to the Constitution. But in the national government that handles business amongst the territories, possessions, enclaves, Constitution doesn't even apply there. They got unlimited carte blanche approval to do whatever the heck they want. And so I was like, well oh maybe this is interesting because I wonder what it's, what it's like if you were born in a territory possession office. I looked it up, they call those people born there 8 USC 1401 US citizens, people that are born in one of the 50 states of the union are 8 USC 1101 a 21American nationals. So I'm like oh, so there's two different citizen types and Congress is legislating for two different things. So then I looked to see because when, when Congress passes a law, how do you know who that law is directed towards? US citizens in the Fed Zone or Americans that are living in the 50 states of the Union. How can you tell? And how you can. Now a lot of lawyers don't know this, but you can ask probably 100 lawyers and maybe two, two can tell you. But if that statute has a corresponding regulation that's been published in the Federal Registrar, given the public reasonable notice that this law applies to them, then that's called positive law. And it operates and applies everywhere in the country, both the 50 states of the Union and the Fed Zone. But if that act, if that statute does not have a corresponding regulation that's been published in the Federal Registrar giving the public reasonable notice that this law applies to them, then that's not positive law. And it only applies in the Fed Zone, Territories, possessions and enclaves, United States, it doesn't apply everywhere. When Joe Biden makes an executive order, it doesn't apply to everybody. Just like people in the military and the, you know, the executive branch, the officers of Government. Congress clearly makes the law according to the Constitution, not the president. Right. So then I was reading it. Well, out of 250,000 pages of law titles 1 to 50, how many of those titles are positive law? And I found out only 23 means 27 are not positive law. The big ones, Title 15, the securities Act, Title 26, the income tax. Title 42, the Social Security, Ponzi scam. Title 50, the draft. Those things only apply to U.S. citizens. They don't apply to Americans. All the U.S. citizens have to pay income taxes. Americans don't.
Podcast Host
Holy crap.
Joby Weeks
Yeah, I don't know how deep we should go in that one. But wait, you're sitting here for six years on Azer as you get to read a lot of books, that's for sure.
Podcast Host
That's insane. I did not know there was three United States hooven.
Joby Weeks
Allison versus Evan. There's a video you could watch called the Big Secret. I could send it to you. It's 20 minutes long. I kind of get a whiteboard out and kind of draw it out.
Podcast Host
Man, you really, you've really learned how the world operates in your time in house arrest.
Joby Weeks
Well, you know, otherwise, you know, you gotta, you gotta do something. I've got an 11 month old baby now. His name is Legendary. He's very cute. So love it. He's, you know, been fun to play with. And I got a lovely wife here, you know, so, you know, it sucks. I can't go outside, I can't teach him how to swim and all that kind of stuff, but I know this will be over and I'm. I'm trying to get as much family time in. My daughter Liberty is now seven years old and.
Podcast Host
Nice. Love the name.
Joby Weeks
Liberty and Legendary.
Podcast Host
You like the l names, huh?
Joby Weeks
Yeah, I guess.
Podcast Host
You know, Liberty and Legendary. What's the third one?
Joby Weeks
Might be Legacy. Liberty. Legacy and Legendary.
Podcast Host
I love it, man.
Joby Weeks
You got kids yet?
Podcast Host
I want kids. Just got married. 29 now.
Joby Weeks
Nice. Awesome. Congratulations.
Podcast Host
Thank you. You working on a book or what's next for you, man?
Joby Weeks
Yeah, well, I. I wrote a book, 560 pages of it at least. I was kind of waiting to publish it until I figured out if I was going to win or lose or go to jail or not. I don't know. But, you know, there's three different ways I'm fighting this thing. I got. I put out all this stuff on the docket for the judges to just do case dismissed and let me go. But they're criminals, they're not going to do that. So then I put for the Department of Justice, you know, to cover them so they could just throw the case out and drop the, you know, drop the charges. Trying to go through Pam Bondi, she gets fired. Trying to go through Alina Hoppa, she never got confirmed by the Senate. You know, New Jersey's been a mess. I don't even know why I'm in New Jersey. I never lived there, didn't do business there. They're just one. They went venue shopping to find judges that would just be, you know, the S men.
Podcast Host
I had to get out of Jersey, man. I grew up there and it was, yeah, too much for me to handle.
Joby Weeks
Did. Dude, we had a bitcoin ATM business there before. Well, during all this actually my. I was an investor in another business and so there was this bit license for New York City. So nobody, no bitcoin companies wanted to do anything in New York. So everybody was driving across the bridge into New Jersey to use the ATM to get rid of their cash or whatever. For bitcoin?
Podcast Host
Yeah.
Joby Weeks
So my partner Ernesto goes there to go clear out the atm. He saw the police officer, so he's like, oh great, this is because he's going to pull out $300,000. You know, you don't want to get robbed by some stick up kid, right. So he goes, opens up the ATM, takes the 300 grand out, turns around and the cops rob him. The police? Yes.
Podcast Host
What town was this in Jersey?
Joby Weeks
It was like 11 o' clock at night. Anyways, so like, you know, that's New Jersey is run by the mafia. I'm not lying, I'm not joking. This is all organized crime.
Podcast Host
Yeah.
Joby Weeks
So I mean they can't find the assets. There's billions of dollars missing.
Podcast Host
Holy crap.
Joby Weeks
So I would try to still go on through there, but you know, they don't have any control. There wasn't even a U.S. attorney at all in the whole district. You know, it's that much of a mess. So I decided I was going to fill out the paperwork to try to get a pardon. I know it's kind of weird to ask for pardon if you've never been convicted or sentenced or even had a trial. Yeah, but they did it with Hunter Biden. They pardoned him, preempt and they did it with Fauci. Fauci killed millions of people. He could get preemptive pardons, why can't I? Right? I didn't harm anyone. I broke no laws. So Peter Tickton's been helping me with that. And so he submitted it and you know, we've Talked with Ed Martin with a pardon attorney and Alice Johnson, and she's the pardon czar in the White House counsel. So I'm hoping that for the Fourth of July, Trump will just see how absurd this thing is. Even if I was guilty, the max sentence would have been five years. Max zero to five. There's no mandatory minimums. This is a, you know, it's a, you know, it's a civil thing. Title 15 is civil. They usually just slap people on the wrist and, you know, they. Oh, can I see legend? Can I see a legend? I want to show. Show legend. Hey, Legendary.
Podcast Host
Come here, Legend.
Joby Weeks
This is my son, Legendary.
Podcast Host
Let's go blonde.
Joby Weeks
Say hi. Say hi. So anyways, he's cute. He's 11. We're gonna have his one year birthday here coming up.
Podcast Host
Let's go. Anyways, here you go.
Joby Weeks
You're gonna have that.
Podcast Host
See a legend.
Joby Weeks
Yeah. So I mean, if the max sentence is five years, if I was actually convicted.
Podcast Host
Yeah.
Joby Weeks
And I've been sitting here on house arrest for almost seven years, you would think, especially since that company, Bitfury, that, you know, I was making these chips with those guys as a shareholder. Bitfury, that's who we were selling mining hardware from. Two bit club. Right. BitFury spun off two companies. One's called Cypher, one is called Hut8. They're both billion dollar publicly traded unicorns. And Hut8 went and partnered with Eric Trump, who made American bitcoin. I mean, you walk into Eric Trump's data center, it's completely filled with Hut 8 equipment. That was a company I literally funded.
Sean Kelly
Wow.
Joby Weeks
I'm still sitting here on Hassler. I'm like, hello, can somebody please help me?
Podcast Host
That's crazy. You got to give Eric a call.
Joby Weeks
I don't have a Scott, do you know Eric? I mean, freejoby.com if somebody could just send that video. Free joby.com to Eric Trump. Please, somebody help me. Not like a 20 minute. Did you see it? The 20 minute Mickey, Mickey Willis video?
Podcast Host
Yeah, yeah.
Joby Weeks
You saw that? Okay, cool.
Podcast Host
Crazy. Yeah.
Joby Weeks
Kind of explains the whole story pretty well.
Podcast Host
Yeah, we'll link everything, man. I'm rooting for you. Anything else you want to close off with here?
Joby Weeks
Well, just pray for me, guys. Freejoby.com, jobyweeks.com that's where all the podcasted videos and everything. I'm just trying to get the word out to, you know, David Boyce says, listen, we know that you're innocent, but you're just going to be a martyr for your cause unless you can get 10 million people behind you. And I said, how am I supposed to get 10 million people behind me? You told me to be quiet, not do any interviews for five years. I didn't do one podcast, and now you're telling me I need 10 million people behind me? I was so pissed, but I feel like I just wasted five years not saying anything. So now sunlight is the best disinfectant. So, you know, I appreciate any help you guys can in sharing this interview and helping me out@freejobi.com and hopefully I'll be free soon. And thank you, Sean, for having me on, bro.
Podcast Host
Absolutely. See you soon, man.
Joby Weeks
All right, cheers.
Podcast Host
Thanks for watching all the way to the end, guys. Please hit like and subscribe. It helps us grow the show and helps us get bigger guests. Thank you so much.
Host: Sean Kelly
Guest: Joby Weeks
In this intensely candid episode, Sean Kelly sits down virtually with Joby Weeks—serial entrepreneur, former mega-scale Bitcoin miner, and central figure in a protracted billion-dollar crypto criminal case. Joby recounts his seven-year ordeal under house arrest (without trial or conviction), his perspective on the U.S. justice and banking systems, behind-the-scenes stories from the development of the early crypto industry, and his vision for disruptive innovations in equity and finance. The episode crackles with unfiltered dialogue about power, capitalism, and liberty—delivered with Joby’s blend of conspiracy analysis and boundary-pushing optimism.
Timeline of the Case:
Describes State Repression:
Perspective on the System:
Counter-Suit and Legal Tactics:
Dominant Miner & Innovator:
History of Asset Seizure:
Perspective on Operation Chokepoint:
Wild West of Crypto:
Nature of the Crypto Business:
Plea Coercion & The Law’s Loopholes:
Isolation and Family:
Self-Education:
Government & Monetary System Critique:
Praise for Bitcoin’s Model:
Critique of U.S. Law & Governance:
Social Equity & Fractional Real Estate Ownership:
Reform of Taxation and Government Revenue:
On Social Security:
Insider-Outsider Lawfare:
Personal Legacy and Next Steps:
Activism and Outreach:
This episode is a whirlwind journey through Joby Weeks’s saga—mixing conspiracy, innovation, legal critique, and radical optimism about the power of blockchain and economic reform. It paints a picture of a system resistant to disruption, with Joby cast as both victim and provocateur. Lovers of libertarian thought, crypto lore, and anti-establishment tales will find this an essential listen—and a riveting summary for anyone unable to hear the full hour.