← Doug Casey's Take
Doug Casey's Take
Traitors, War, And Economic Chaos
00:42:07
Need a Plan B? Come to our Conference: Tucker & German Bild Interview: In this episode, Doug and Matt dive deep into recent explosive accusations made by Trump about Obama being a traitor, allegedly backed by new information released by Tulsi...
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- [00:00]
A
All right. Good morning, Doug. I think the biggest thing in the news is that Obama is a traitor. I mean, we know this officially now because although a lot of this information had been uncovered, you know, in the years past about Russiagate and all that, the connections were not as clear as they were based upon Tulsi's release of information and what she's told Trump. So much so that Trump felt quite confident yesterday, you know, in an open forum, in a press conference, just outright calling him a traitor and say, you know, I'd like to say let's give it time and just see. But we know he was a traitor.
- [00:37]
B
Well, I can't wait to find out. I mean, I never thought of him in such an overt role. I only credited the fact that he was a homosexual runt, a boy in Chicago's bath houses. But that was pretty well swept under the rug. But I was.
- [00:59]
A
I was always fixated on the. On the citizen or the birth certificate thing personally, but, you know, bathhouse's birth certificate, Columbia University, no one knew him when he went there. There's a lot of weird things in his past.
- [01:12]
B
Well, that's true. A lot of indications that he's the genuine Manchurian Candidate.
- [01:18]
A
Yeah.
- [01:19]
B
Come out of nowhere. But anybody, Anybody can be elected president or installed as president, as is shown by the fact that we almost had Kamala Harris, that total nothing. Nobody who can't even string together words in a sentence. And she was going to be the president. Came within an rkh of being the president, actually.
- [01:42]
A
And we had Biden, who was unfit. I mean, incapable mentally.
- [01:47]
B
Yes. And. And they almost ran him instead of Kamala, who was the. No, this is all crazy. Well, I guess the question is, are they going to be able to prove that Obama was conducting, in effect, a coup in the US And I'm not surprised, because coups happen of different types. Happen, happen all the time in all kinds of countries around the world. So why not the US since although the US Used to be unique in that it was formed to defend the average citizen against the government. That's what the Bill of Rights is all about, which is pretty unique, actually. But that's all a dead letter at this point. So the question is Trump going to pursue this thing right to the end, and can they evidence and can they find a venue to try Obama? And even if they find that he's criminally liable of treason, will they prosecute him? Right to the end, because this would be a major, major scandal.
- [03:08]
A
And it's weird to make these declarations without you'd assume they're, you know, that there would be cases, if you know what I mean, like the declaration wouldn't be made and before they're actually, you know, cases filed, I would assume, you know, you know what I mean?
- [03:26]
B
Like I, I agree and Tulsi Gabbard impresses me as a very level headed person who wouldn't just fly off the handle. Now, of course she's a hardcore leftist that believes in all kinds of standard leftist things, but they don't have a lot to do with her current position running the so called intelligence community. It's funny they call it a community that sounds so benign and beneficial, even a community, everybody likes communities. Our intelligence community is, you know, hardcore, hardcore killers and sociopaths and so forth. But God, I can't wait to see how this.
- [04:13]
A
Yeah, I mean it certainly, well, it serves as a good distraction from the Epstein mess, that's for sure. But you got to wonder, I mean, are they, do they, do they take this approach and really be aggressive and you know, because they can. Obviously there's a conspiracy there, there, which, which means all kinds of people could be swept up by this easily and you know, arrests could be made. I mean, you know, there was a, one of the things, the most aggressive charge they use against the J6 people was a conspiracy to overthrow the government or something like that. Like it was some, some major thing like that. And they went after them super hard morning raids and got them. And I think if this is, if they really believe this, they could go after, you know, Comey and Clapper and Gina Haskell and a whole bunch of people right away without even having to touch the president.
- [05:09]
B
Of course, J6 was just little people, that was just the peasants. So you can round them up, but it's hunting big game when you go after these major league criminals and goodness, I hope they don't go after Hillary too hard and heavy. Otherwise they, I mean, God forbid that Tulsi commits suicide or something.
- [05:35]
A
We don't want to lose another good one, Right?
- [05:37]
B
Exactly. She could be added to a list of how many are. 45 or 50 people are possible Arkansides, as they say.
- [05:48]
A
Yeah. So what's your best guess on whether or not will this be something that serves as political theater that motivates the base for the next couple years, appointing a special counsel, for instance, to investigate it. Or, or will this actually turn into something real?
- [06:10]
B
I think it's a coin flip. I think it's actually possible that this is going to happen. I mean, look at Watergate. Watergate was a big nothing. It was just a, a break in for political reasons.
- [06:21]
A
I mean, one could say that was a coup.
- [06:26]
B
You could say that. That's true. And in the coup it wasn't the coup itself that was the problem, it was the COVID up of the coup.
- [06:36]
A
Well, what I mean is I think that a lot of people used it against him and told him like all the Republicans in the Senate told him, you don't have the votes, you got to get out of here, you know, and he just walked away.
- [06:52]
B
Well, there is a difference between what's going on now and what happened in the Nixon days. As far as I'm concerned, it's that in those days nobody liked Nixon. I mean, I certainly don't. He was a creepy guy. But the thing is that the Democrats are really out and out communists at this point. I mean, that sounds so inflammatory to say that, but when it comes to their philosophical beliefs, yes, they're all Marxist, ultra hardcore leftists and so forth, and we're on the ragged edge. I still think of a civil war in the US because these people hate each other. It's not just a bunch of leftist students like was the case in the 60s. This is widely inseminated throughout U. S. Society. Yeah, we could have a civil war. And if you do something like this, prosecute these horrible people, it's, it's hard to say. These things take on a life of their own.
- [07:56]
A
Yeah, yeah. And you got to wonder, I mean, you know, and if you're going to go after them, if you really wanted to target these people, if they really were people you were going to go after, you really would think you would spend the energy going and arresting them, collecting evidence, you know, filing charges, not, not in the public domain, just talking shit about them. Yeah, you know, that's my concern.
- [08:23]
B
Well, we're not within the walls of power and we don't know what is on Trump's mind and what he might be, how he might be colluding with various people, or how his enemies are colluding against him, but it's an unstable situation. It amazes me. The stock market and for that matter the bond market are so close to all time highs.
- [08:46]
A
Things are good. It's the golden age, Doug. I don't know if you forgot.
- [08:52]
B
I pretty much have forgotten, but I would not be surprised, actually, as overpriced as the stock market is, and the fact that with all the money that's been printed, at some point it's going to work its way through the Python and we could have really radical retail price rises. So you add a stock market crash to high inflation to corporations laying off more people. Now, this is, I think we're in for rough running here for the next couple of years. I hope I'm wrong because I prefer good times to bad times. God forbid we live in a, an active war zone. Especially an active zone.
- [09:35]
A
Well, and I think, you know, this Obama stuff adds this another wrinkle to the overall objective, which I really believe that Trump is attempting to pursue, as we've talked about months ago, is a, you know, a global trade and monetary reset. Like, I really believe that that's, that effort is underway. And so, and that is going to be chaotic no matter what. And he has limited time to do it. Right.
- [10:02]
B
And what were you, when we were talking before you mentioned, who is it that came up with the ultra super cockamamie idea of expiring currencies? Who's floating there?
- [10:14]
A
It just was in the Australia. Which press was it? It was the. Let me find it again. It was in Sky News Australia. The it says the Reserve bank is quietly helping to build a world in which money could expire or be geographically restricted by jumping feet first into the world of programmable money.
- [10:38]
B
Good grief. Expiring money, which would almost force you to spend it. The way they see it is stimulate the economy by spending. But this will destroy private capital, destroy savings. It's actually if digital currencies are bad, and they're very, very bad, this is the ultimate expression of it expiring digital currencies. It's actually a criminally insane idea. And it sounds like if the Australian Central bank is playing with it, that there are people that take it seriously.
- [11:18]
A
And I am sure all these things become possible with the Genius act, which was passed at least by the Senate, you know, which basically creates a structure for these stable coins. And these stable coins all have the possibility to do this. And I think it's on its way and no matter what. But Australia is a special case. It's like they're like the. Maybe because they're isolated and docile and unarmed, I don't know. But, you know, they seem to be the test case. They got it really bad during COVID And then, you know, I have an Australian friend who didn't see his wife and child for over a year because of the COVID restrictions, because they were trapped in Australia and just because of their situation, they couldn't leave and he couldn't enter. So it was super crazy. And they also passed a law recently that says if you leave the country, you have to pay taxes as if you lived in Australia for, for three years. But you know that three year limit will increase.
- [12:24]
B
Oh, they're following in the footsteps of the United States from that point of view, aren't they?
- [12:29]
A
They are. And then right after they did that, so right after they did that, they passed a law around taxing unrealized gains.
- [12:40]
B
Well, of course, the new the Kiwis, and this was actually the main reason why I didn't become a Kiwi citizen when I was living there for all those years, is I didn't set myself up properly with offshore trust in this type of thing. That in New Zealand that's already in effect for offshore assets that you're taxed at the end of the year regardless of. So the whole world, frankly is going in the wrong direction as far as, except for Argentina where Malay is trying to go in the right direction. But of course the bad guys are throwing as many roadblocks at them as they possibly can.
- [13:22]
A
Exactly. But in the world that we're in, you know, this, you know, to just for the sake of it, let's just use Klaus's representative of the term, the great reset of the economic system where every nation is overloaded with debt and obligations and you know, that something must change, something big must change. You know, and it's a fourth turning time and we just call it great reset for the sake of it. And we have these stablecoins being part of it. We see that coming in, we see all the other economic stuff that Trump is doing. You know, part of it is a grab for money by the state. And you know, whether that's. You could look at these two aspects, these two laws that I mentioned for Australia as capital controls. Right?
- [14:09]
B
Yeah.
- [14:10]
A
You know, so we're going to see more and more capital controls. We saw that recently, you know, they want to be able to sell private equity, may make private equity stuff available. And for a one case, you know, to like basically allow the billionaires to dump their shitty assets on the public, you know, they made it change the banking rules so the banks can buy more Treasuries. I mean, you know, it's like it's a. So we have within the scope of all this stuff of, you know, whether or not now they may actually legitimately go after a head of state as a trader in the US and not to say he doesn't deserve it, but they may actually go after him within the background of all of it. The most important part is what's happening on the economic front. I think. And that is this global system reset.
- [15:01]
B
Yeah. All the more reason why you need to activate a Plan B. In other words, get yourself a second residence in a country that you like other than your home country, preferably a second citizenship and foreign accounts. Anything can happen anywhere. And, you know, getting back to what. What will Trump do about this treason thing with Obama? I think Trump believes, with very good reason, that unless he really cleans house of these people, which may or may be impossible to do, actually for a number of reasons, that once he's out of office, they're going to come back after him with a vengeance.
- [15:46]
A
Especially now. And now that he's named these. He's named names now of people, you know, and so, like, the more rhetoric against them, I think, the more. The greater his risks become. Like, he could try and become friends with them, you know, behind the scenes and, like, you know, smooth things over, but not to say they would allow it, but. But when you're coming out publicly and you're calling people traitors, especially, you know, the first black president, you know, I.
- [16:14]
B
Think it's hard to walk that back.
- [16:16]
A
It is hard to walk that back. Yeah. So. And then, you know, to. To. To, you know, the. Gerald. I don't know why I'm not remembering his name. Trends Journal guy. Yeah, Gerald Celenty. He says, if nothing else, you know, they take you to war. When things go bad, they take you to war. And so we see things. We see the war stuff looking like it's only going in one direction, which is up. Like they delivered nuclear, US nuclear weapons to the UK for the first time in 15 years. Why? Why would they do that?
- [16:56]
B
Why? Yes, why? That's crazy, actually. It actually is crazy.
- [17:02]
A
I think so, too. And you mentioned. You mentioned something to me about bunkers in Germany being rebuilt.
- [17:07]
B
Yes. There was an article in the World Wall Street Journal yesterday or the day before about how the German government has a plan to renovate all the bunkers that were built during the nuclear war scares of the 1980s and the 1960s, for that matter. They're thinking of. They're renovating those. And why are they doing that? Because they're looking at a war. And that ties in, incidentally, with one of the more insane things that Trump is proposing and pushing the European nations to do is. Is increase their military spending up to around 5% of GDP, which in the case of most of these countries is doubling it. Doubling it. Doubling military spending. Well, that might be good for Lockheed and General Dynamics and all the rest of these praetorian companies. But who's the war going to be against with the Europeans? It must be Russia because Trump is still providing weapons for the Ukrainians so they can kill each other.
- [18:15]
A
I mean Andy, and he gave Russia a 50 day deadline.
- [18:20]
B
Well, of course he's so full of bluster that let's hope he backs down from that. But things can get out of control when you have all this stupidity going on. I mean somebody could go psychotic just like the pilot of an airliner can go psychotic. This can happen with people that are pretty close to the red button in Washington or Moscow or, or Tel Aviv or Brussels or London.
- [18:49]
A
Right. Or just a mistake, you know.
- [18:53]
B
Or just a mistake. It doesn't have to be a psychotic break. That's right.
- [18:57]
A
It's crazy. These people are playing with fire and it's really unbelievable and all those things are going on. Did watched the Tucker interview with a German reporter from Build. Did you see that by chance?
- [19:13]
B
No. The last Tucker thing I've listened to was he was, he was talking to. Oh Jesus. I listen to these things late at night to go to sleep. Probably not a good thing to do. Gives me. No. Tell me about the Build.
- [19:32]
A
Okay, you've got. I'm sending to you. You have to watch it because he is so insulting of the German people and how they basically are all. How they've been broken, that they're an occupied country, which they are, and they have no self respect and that their ally blew up their most, you know, in the largest industrial act of terrorism ever and they don't want to talk about it and that they really believe that in, you know, their, that the Russians are their number one threat, you know, and yet they don't. They see all these migrants around and don't look at their own leaders. I mean he was relentless about it and it was so. And the guy, you know, and he was, he was joking. He's like, you guys like this abuse I'm giving you. You know, it's like you're such a broken people now that like I'm just out to you. It's hilarious and so accurate.
- [20:30]
B
I'd like to see that. You'll have to post that also if it's.
- [20:33]
A
I will.
- [20:34]
B
And the other thing, in addition to the fact that they're supposed to double their military spending is that all Germans are programmed to be Marxists and leftists and welfare state ites. And it's even worse than that because there is a reaction to all that's going on in Germany. It's the AfD. Party alternative for Deutschland and the other parties, almost all of the other parties are making moves to outlaw the AfD party, to outlaw anybody that's not an overt socialist. And whether they can pull it off or not, I don't know. But the people that are running the German government are just. They're just criminals. So now Germany is, in fact, all of Europe is. It really is.
- [21:31]
A
Yeah. And I mean. And honestly, Germany was Europe. I mean, France too, I guess. You know, in terms of powerhouses, you know, they were the. But. But Germany itself especially was the powerhouse there. And they've just destroyed themselves or allowed themselves to be destroyed by our, you know, the blowing up of the, of the, of the pipeline. You know, I mean, it just completely destroys their industry and importing all these migrants. I mean, all these terrible things they've done, which of course we're doing a lot of that in the US too, were. So anyway, he does address this. This. That point that you just mentioned in that interview as well. So you'll love it. You'll find it very entertaining because Tucker's on fire just because this is a build. He's a major build reporter. He's a guy who will interview heads of state and, you know, he's at Tucker's place and Tucker just, he's like trying to convince him, you know, that like trying to change his mind. And he doesn't change his mind at all, but he's doing his best and it's hilarious, actually how insulting he is of them. You'll enjoy it. So I'll send you that. The, the other thing, let's see, that I think is worth mentioning is we talked a little bit before, you know, I was going through and reading. I gave up on the effort trying to. Nobody cares about the build back better. I'm sorry, the. What does he call the bill?
- [22:54]
B
Big bad bill.
- [22:56]
A
Yeah, Big beautiful bill. Right? Yeah, exactly right. But you know, one thing that I noted in there that stood out to me was the ICE budget and which, you know, that it was up 800%. And I said a lot of Americans would cheer or a lot of MAGA people would cheer that as a positive thing. But, you know, there's this article in Newsweek about that. Let me just. I'll share my screen real quick so people can just see it. It's because it is interesting. It, you know, these aren't people obviously friendly to Trump Newsweek, you know, and it's mainstream press and you know, blah, blah. I know that they're terrible people. I totally agree. But what they do in here is they highlight some of the features of this increase. And one of the things that's particularly interesting about it is that ICE now has a budget that is higher than the military expenditure of all but 15 countries. Now, that seems a little. A little over the top.
- [23:59]
B
Yeah. So are the ICE guys going to be running around in uniforms or are they going to be plain clothes so that they're more surreptitious? We don't know what they're gonna know this extra money, do we?
- [24:12]
A
No, we know. So we know parts of it. We do know, for instance, that they're going to spend 45 billion dollars to build jails for single adults and females.
- [24:25]
B
Wow, 45 billion. You'd like to do some math, divide that by a thousand and you got 45. How many, like $100,000 jail cells or apartments would that buy? I mean, that's a lot.
- [24:45]
A
Yeah, you would think so. I mean, like, what number? Like, I thought we were going to deport the people, not just keep them locked up. Right. So what's the point of the jails?
- [24:56]
B
Well, maybe the problem is, is that if they're going to deport, I mean, I'm fine with their deporting criminals and ne' er do wells and parasites and the worst kind of people, which the US tends to draw now because we offer such massive benefits and scams for these people. You know, it's funny, there's another group that I'm a member of, and one of the guys, they're all a bunch of. They're all a bunch of rich guys. And he's talking about in the Hamptons, and he has a relationship. He's friendly with his gardener and his housekeeper, the usual entourage. And he talks to them because he's interested in these things. And he says that they tell him that, yes, among the migrant community, it's well known exactly which benefits you can get and how you get them and how you fill out the forms and how you don't get caught. And so they're picking up all these great freebies, subsidized. I mean, it's incredible. But they know all these things. That's why they came to the country. Plus, in a place like the Hamptons, or for that matter, Aspen. I'll bet it's higher. In Aspen now you pay 30 bucks an hour, cash, tax free to these people. So it's, It's. It's really an incredible scam.
- [26:25]
A
So let's say if. If you're gonna. It's. If you're gonna house, let's say 1 million people. Then that is $45,000 per house. Yeah.
- [26:44]
B
Yeah, that's. That's just amazing, isn't it?
- [26:48]
A
Yeah. I mean, that's a lot. That is a lot of money on jails.
- [26:54]
B
And we already have more jails per capita by far than any other country in the world, including Russia and China or anybody, by far more jails per capita.
- [27:06]
A
And so. And my guess is it doesn't cost $45,000 for a jail cell. My guess is if you're building a big, you know, if you're building, I mean, they're doing this alligator alley stuff, right? I mean, that swamp won. How much could that cost per. Per holding cell they put there?
- [27:24]
B
Well, in the cages that they erected at Guantanamo. And of course, this was. Now we're talking 25 years ago. 20, 25 years or more 30 years ago, when they, when they built all these cages in Guantanamo, even back then, they were 50,000 bucks a cage, which is like a hundred thousand dollars. How can you spend that much money for basically a cage? But money went.
- [27:52]
A
So those theoretically, at least theoretically, were terrorists. And so I can imagine, you know, like, there's got to be. There's a certain number of real bad actors that, you know, came through in the invasion under Biden, no doubt. And if you wanted to imprison those guys, you know, I guess I can understand that, you know, but.
- [28:15]
B
Well, I would understand it a little bit more if they'd actually given them trials. I mean, before you put somebody in a cage for many years, there ought to be a trial, but there was never a trial for any of these people.
- [28:28]
A
Right. And why. And why don't we. But with these, with these invaders, I just feel like we're deporting them. So I don't understand why we would need a holding facility for 100,000 or a million, whatever that number is. I just don't know why we would need that. Unless you're looking toward the future and you imagine a future of great disruption where there might be dissidents of all varieties, not necessarily just illegal immigrants. And you might want to use the 16th largest military in the world against it.
- [29:07]
B
That's right. You want to round up the usual suspects and suspected enemies of the state.
- [29:13]
A
Well, that's what concerns me, I've said.
- [29:15]
B
For many years, much rather watch this out my. On my, my widescreen down here than out my front window in the US it's got to get serious. It's got to get serious is as the bond market blows up and interest rates go much higher and the stock market collapses and goes much lower because it's at all time, highs. And by all conventional terms. Well, God, I can't wait to see what. Well, I can wait to see what happens. And I hope I'm dead wrong about this.
- [29:50]
A
It's getting, it's. It's all coalescing, though, in this very limited window of time. I think that's available because basically, you know, Trump wants to make something happen. Trump's got three years to make it happen.
- [30:05]
B
I read in WaPo today Washington's Hagrag, which has improved greatly since Bezos, basically fired most of the ultra leftist staff. And they just have ordinary leftists now. But they had an article about how Rahm Emanuel is planning, it seems, to run for president in 2028.
- [30:34]
A
This was the chief of staff under Obama, right?
- [30:38]
B
Yes, exactly. And he's very slick and very smart. And interestingly, although of course, he was born in the U.S. he's also an Israeli citizen. Gee, I think that'd be great to have the president of the US Be a citizen of Israel, not just a supporter of Israel, you know, and his.
- [30:55]
A
Brother is one of the biggest, like, Hollywood kind of agents and is the owner of the ufc.
- [31:03]
B
I didn't know that.
- [31:06]
A
Yeah, I mean, he, he. It was, it was his brother who basically waged the personal jihad against Kanye for the things he noticed.
- [31:16]
B
Well, and of course, Trump is a fan of the ufc. I, I like watching cage fighting, too, of course, but Trump really likes watching it because. Well, what was it? They're going to have a cage fight on the, on the, on the White House lawn sometime. When is that?
- [31:35]
A
It's. It's at the. I guess it would be July 4th of next year, which is the 2, you know, 250th anniversary, so.
- [31:43]
B
Yeah, that's really funny. Well, we can't have gladiatorial combats, but cage fighting is as close as you can get.
- [31:51]
A
Yeah. You know, maybe if things deteriorate enough, we can get back to the old days where we can have real gladiators out there, though, you know, maybe we'll live long enough to see that.
- [32:02]
B
Yeah.
- [32:03]
A
You know, have migrants fight for their freedom.
- [32:05]
B
Right. Yeah.
- [32:10]
A
I don't know. It's going to get wild, though, Doug, because I think the biggest thing people have to realize there's all this chaos happening. You have this drive to increase the wars, not to decrease them. I mean, the money's being spent, society's attitudes are being shaped. This Tucker interview with the build guy, he said, I get the impression, this is what Tucker said. I get the impression that the German people see Vladimir Putin as a much greater threat to Germany than they do anything else, like their own leadership or the problems that they have socially, etc. Etc. And he said, yes, that's true.
- [32:56]
B
They've been totally programmed, Totally and absolutely programmed. It's insane. But there's even more that's changing and is interesting and that is that for hundreds of years it's kind of been accepted among nation states that wars are things that are fought by the peasants in fields, but the king or the president or the top people are insulated. You don't think of killing them? Well, of course, the Israelis have done that on a massive scale, both with Hamas and Hezbollah. And now Iran, an actual nation state. And the US Is famous for sending out assassins in the form of drones. We don't call them assassinations. We call them what are we selected?
- [33:55]
A
High value targets.
- [33:57]
B
High value targets, that's right. They're not assassinated, they're just high value targets. And this is a new thing because even During World War II, it is said, this is hard to verify, that Hitler's staff suggested that they assassinate Stalin and his top henchmen and that would perhaps overthrow the Soviet Union. Good idea. But Hitler said that would just be improper. That's what they say. Hitler said and quashed that. But the US and Israel now are doing things that even Hitler thought was a bad idea. I think it's a good idea, frankly, because like anything, these things can get out of control. But the point is, is that the miscreants that run governments should be afraid for their own lives and not feel that they're insulated from the bad things they do.
- [34:56]
A
That's true. But I think my worry is that the success, especially that Israel has experienced with this, you know, not including of course, Iran, which didn't work as they had hoped, but that success of it, I think, has identified that as a strategy where they could take on almost anybody. And I think that if they feel like they could just do it right, that they could actually take down Russia this way, they will never win in a conventional war on the battlefield. They don't want it to go to nuclear. But what might they do using this strategy to, if they think they can get away with it, if they think that they might be able to pull off some super effective, highly coordinated, palantir planned, AI generated attack on multiple key places at the right time, I mean, I don't think they'd be successful, but it's certainly if you try it, you got to imagine that, you know, you're playing with fire.
- [36:04]
B
Yeah. I'd be willing to make a bet that there's a good chance that Israel isn't going to survive another decade as, as a nation state. I mean it's true that they've taken out all of their enemies or supposed enemies from well, all these color revolutions, but Syria, Iraq, Iran, Egypt, which is being bribed to be their BFF by the US in addition to the fact that we send Israel $4 billion a year. I don't know when that started at about the time of the USS Liberty incident or not, but I question whether Israel is going to last long because this just too much antipathy towards them at this point, what they're doing well.
- [36:58]
A
And the internal disruption could be bad. I saw just reminded me I saw an article yesterday or no, it was several days ago where they were, the IDF was calling up 54,000 Orthodox Jewish students for conscription in the IDF. Now the Supreme Court passed a law last year that said that they were no longer exempt from participating in these conscription drives. But this is the first time that there's been an effort by the government to actually do it. And you know, 54,000 as a percentage of the population is a pretty, you know, like if you applied that number to the US it'd be like the equivalent of over a million. Calling up a million of this once group that could not be touched to, to participate. So like the internal strife that could be caused from that alone could take it down.
- [37:58]
B
Yeah, yeah, it's fun to watch.
- [38:03]
A
Well, it's not so fun to watch so. But the main game, the main game at the center of all this is the economic or is the monetary and you know, the fiscal matters that I think are trying to be addressed which is part of this great reset and I think, I think that's the main show. I got to keep your eye on the ball, right.
- [38:27]
B
Well, there's nothing we can do about it except be aware of it and insulate ourselves from it to the greatest degree possible. And part of that is financially and I'm pleased to say that finally all these crappy little mining stocks are starting to move up and I'm just hoping it's quite possible that it'll be like it was in the 70s and part of the 80s when as a group all these stocks went 10 to 1 with many going 100 to 1 and actually a couple of thousand to one shots. One of which I owned actually.
- [39:10]
A
Yeah, you know, as a part of that, I Mean, when you think about it, the 70s, basically during that period, the dollar lost between what, 75 and 90% of its value. Right. And I think that we're in that period again where that has to happen. The dollar must be depreciated as part. I mean, it's been a stated objective of the administration. And so, you know, that factor as a driving force behind these stock moves would make sense.
- [39:38]
B
Yeah. And in the meantime, the rich are getting richer and the poor and the middle class and even the bottom of the upper middle class are being squeezed. What a witch's brew.
- [39:51]
A
Yeah, no kidding. You know, one thing I. One last thing, Sal, is that just the grifting that's happening, and not just the grifting, but the kind of the out. The outright corruption that's occurring is pretty shocking. Of course we have the Trump coin, you know, announced right before giant Rift.
- [40:10]
B
Scam. What's it trading at now? Do we know?
- [40:13]
A
I don't know, but they bought $3 billion worth. I know. Trump, the truth. Social holding company owns now $3 billion of Bitcoin.
- [40:25]
B
Interesting.
- [40:26]
A
Yeah. But like, you know, there was this floated this idea of a tariff on copper.
- [40:36]
B
Yeah.
- [40:37]
A
Right before that, someone front run that trade by. By a mere minute or. Well, maybe it was by 3 minutes front run it and made a shitload of money. So like there's so much of that going on. It's actually incredible, you know, and I. People are just.
- [40:57]
B
It is so profitable to be well connected with high government officials. It really is.
- [41:03]
A
Yeah. But it's. I know it's clearly illegal unless you're a congressperson and you know, but people are doing it and I don't. Then it's like nobody cares. So anyway. All right, well, I think we'll leave it there for today, Doug, and we'll be back on Friday with questions from members of the File. If you got a question for Doug or, you know, if you like this video comment, if you agreed with it, if you agreed with what we said, then tell us. And if you think that we're idiots and wrong, go ahead and tell us that too. Add an explanation. That helps, but I generally read at least all the comments.
- [41:41]
B
Yeah, that's right. Explanations help. It's not. You guys are idiots. I'd like to know exactly why. I mean, that's helpful.
- [41:51]
A
Yeah. If we're idiots, we like to become less idiotic. So like, if you can give us some help and instruction that would. We'll take. We'll give it a read. So anyway, we'll leave it there. Talk to you on Friday, Doug. Thank you very much.
- [42:04]
B
Thanks, Matt.