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Hello and welcome. This is Gabriel Custodiet of Watchman Privacy Privacy practitioner, consultant, author and frontline fighter in the push for privacy. I know why you're here. Like the rest of us here in the Resistance, you're trying to escape the technocratic apparatuses that you see enveloping you and crushing your freedoms. That's why I created all of this, all without sponsors. I hope you enjoy this show. But then when you're ready to take the next steps to secure your privacy and your future, Visit my website, escapethechnocracy.com to start the real journey. Your support alone does not determines the future of the show. See you there. I'm very pleased to be speaking to Ray Youssef. Now, Ray's a very interesting guy. Originally the creator of Paxful, which is one of these mega popular peer to peer exchanges for essentially no KYC or limited KYC crypto. Back in the day that had some issues as it, it went along. It's basically shutting down at this point. But Ray was the guy who really brought that to fruition. I think it was, you know, it was mega successful at the time. And you know, Ray's been a traveling MMA guy. He's a truth philanthropist, successful businessman, obviously knows a ton about crypto, very outspoken guy. We've seen you at Monerotopia and in fact something happened at Monero, the recent Monerotopia that we're going to get into. But first of all, Ray Youssef, honored to have you on the show again. How are you doing today?
B
I'm doing well, brother. Thank you so much for having me. It's great to be doing round two with you. A few corrections about Paxful. Back in the day, when we first started out, you know, we were just two homeless guys, you know, and we didn't have, we had optional kyc. But then after that, once we got a good compliance program up and on 2018, three years into it, you know, we built out a whole New York City office with a full compliance team, a huge compliance team. Like 88 people out of 300. That's a massive like one third of the company was compliance. And we did KYC for Americans. We did full KYC from $0, which is actually more than my compliance officer wanted. You know, for the Global south. That was the real challenge was like Nigeria was our biggest market and most people there don't even have laminated plastic ID cards. They have just a paper voter registration card. So it's really hard to do that now. I wanted to Force the situation and kyc, all of them, not for tracking purposes, but stop fraud. Because identity is the foundation of banking. And when you let anyone anywhere in the world get online and do a trade, fraud is actually the biggest problem. So, you know, the Africans too have no problem with kyc. They actually want the kyc. It's not like Americans who don't want to KYC Africans wanted to because then they could hope to get something like, you know, loans and things like that. And they don't want to get scammed either, you know. So we actually had a very ambitious KYC program where we actually used the local methods in every country. Nigeria, we had something called a BVN number. It's like your Social Security number here, but it's a bank code number that every Nigerian gets. And you could actually KYC people with that using their phone. And that cut down fraud tremendously. So we were actually like the world leaders in proper KYC for the Global south once we had our compliance program up. But despite all that, despite working a miracle, you know, Uncle Sam didn't appreciate what we're trying to do. And this is really the basis of this talk today. This is what I want everyone to understand. You know, when I registered PAX with the United States, you know, I originally left the US when they passed a bit license. I left New York because we couldn't get a license there. So I said, all right, there's cheap programs in Estonia, let's go there. But the second we could come back, we came back. I believed in the American dream, you know, set up a New York City office, got the best appliance people and legal people I could. And we set about to actually prove to especially the American government that, hey, we can do the right thing here, solve a huge problem actually helping Africans and people all over the Global south access financial services. And you'll be cool with it because we're going to do a better job of actual regulation than anyone else. We're going to let people transact freely, keep the bad guys out and serve the good guys. And that was my dream. And we had a massive compliance team. 88 people, like I said, huge. There was no budget for compliance. Anything they wanted, they got, including the best product development people, everything. And I thought, okay, this is, you know, look, we're doing the right thing here. We're leading the world in P2P compliance. We had, you know, back then it was just local bitcoins. They had nothing, they had no licenses. We went to every single state and said, okay, what do we need, you know, here's our business model. 30 of the states said, you don't need an MTL money transmitter license because you guys don't even sell or buy the Bitcoin yourselves. And it's just Bitcoin. Back then, Bitcoin was even considered money. It was still considered a commodity, an asset, right? 20 of them said, yeah, okay, we'll give you a license. We said, okay, give us the license. And we applied for the license, paid for, and got 20 or 21, I think MTL licenses. And we were leading, like by the numbers according to a company called Lantern. You know, we were ahead of Binance, we were ahead of Kraken as far as our, you know, compliance scores. We kept the bad guys out. We only did business with the good guys. And we had the most, you know, successful KYC program probably in the world. And now we were trying to build a switchboard where every country, no matter where you could be coming from Cameroon, Nigeria, Ghana, and we'd find a way to ID you so you could enjoy fraud, free transactions. Despite doing all of that, Uncle Sam still came at us. And we couldn't believe it was in the very beginning. They came at us with like, they were literally ready to shut the whole company down. They had literally been watching us for three years. They thought we were the devil. They thought, like, all these guys are trading with gift cards in Nigeria. All the alarm bells went off. My lawyer looked at me one time and it was in D.C. in his office. And I remember the way he looked at me and he looked at me from the side, he said, this is a bad case, Ray, you know, and the way he looked at me and said that I was. It was pretty scary. This guy was formerly representing the. That Russian hacker. The lady got busted by her boyfriend and they threw her in jail. So he'd seen some bad cases, but this one, he said, was one of the worst he'd ever seen because they, they were literally coming with the windbreakers that shut everything down. And for the life of me, it's like I couldn't understand it. Like, they had, they were living. It's because of the prosecutor in the beginning, guy from Sacramento. This guy made us out to be the devil. That there was no reason for this business to exist except to launder money, which was insane to me because our average transaction was about $10 or less. Later, it went up to $25. And structuring or things like that don't make sense with this business model because you, you'd pay, literally, you know, 10 times more for it than any other of the available methods that money launderers have. It was literally just poor people trying to make micro payments across borders. And they were, they were actually ready to shut the whole company down, really. Come in. So I, you know, my lawyer said, okay, there's. We got a Hail Mary here. You yourself come to Washington D.C. government, go to their building and, you know, let them basically grill you. And he told me, I'm gonna keep my mouth shut the whole time. I'm gonna let you handle everything. This was a massive risk. And he told me straight up, no one else. He wouldn't even consider having any other client ever in history do something like this. But he felt I could pull it off. He knew who I was, he knew I was an honest guy, you know, really hard working, you know, ethical person. And he was very genuine. So he said, okay, we're gonna take a huge risk. And I did it. I got in front, there were 30 of them there, and, man, they came at me with questions that were insane. I remember one of the questions. What is this? I think it was a quarter million dollars sent to this bank account in Egypt. And he read out the name and they all looked at me and they're like, oh, yeah, we got him now, man. He's. He's sending, you know, illicit funds to some shady bank account in Egypt. And I said, yes, I repeated the name. That would be my mother. The only crime here is I didn't send my mother more money and I paid taxes and all that money. They all looked so, so deflated after that. They were like, this guy just sending money to his mother. And, you know, it kept going like that. They literally thought they had Pablo Escobar and El Chapo all rolled into one year. And I explained our business model, I explained everything, any question they had. And at the end of it, they were like, oh, man. They looked at the prosecutor and they were looking at him with the side eye at that point like, what, what did you bring us, man? You, you brought us someone that is, you know, literally squeaky clean. And I make them clear how our compliance program worked. Like, okay, these guys are actually innovating. And then they really, like, cooled off on the whole case for years after that. You know, I still kept a huge legal team to deal with them, but they kept it quiet for, like, years after that. I thought it was gone because he saw we're actually trying to do the right thing. But then it started up again, and I believe it was because my co founder was you know, he. He had done some bad stuff. You know, I had a lot on this guy. He, I discovered he was doing some really bad stuff and I kicked him out of the company just to save the company because he wasn't competent aside from all the other stuff. And I think they got a hold of him and he was an idiot and a weakling. So it basically, basically managed him, managed to get him to plead guilty and they've been delaying his sentencing to use him as a tool against me. So it started because this idiot, you know, just decided to, you know, try to save himself from all his dirty digs by trying to get me to come in, trying to get the DOJ me, deliver me on the silver platter to them. And that's why we're doing this again. They had. Actually, I just found out when I was arrested, they had indicted me in secret last year, which is crazy to me because my attorney was talking with them the whole time. And they basically came to him and said, okay, what is this guy going to plead? And he looked at them and he said, nothing. He hasn't done anything wrong. There's nothing here. The statute has already expired on all of this too. So what are you guys talking about? Like, this guy had the best compliance program in the space. Anyway, so they decided to just indict me in secret, hold off on sentencing my co founder. And, you know, they got lucky actually, because I was in Mexico. I was speaking at Monerotopia. I gave a fiery speech, Malcolm X style. All my boys were like, wow, that's gonna get you some hot water. I'm like, well, let's get some tacos. I go out to get some tacos. As I'm walking by a block away, 20 Mexican federal SSPC agents swarm me, take me into custody and basically deport me, put me on a plane with two agents to lax. I get off the plane, they're calling my name. Two federal marshals arrest me, throw me into Santa Ana County Prison. And they're like, all right, maybe you'll see the judge in the morning. I'm like, all right, well, one night ain't bad. Free accommodations. My cellmate is doing 25 years to life for moving literally two and a half tons of cocaine and crystal meth. Then he asked me, okay, so what'd you do? And I turned to him. At this point, I didn't know exactly what it was, but I. I knew why they wanted me. And I told him, well, sir, I'm guilty of the one unforgivable crime and he looks at me in eager anticipation. He goes, what man? Which two? Well, I helped Africans, brown and black people all over the world just be able to use their money and make payments outside of the banking system. He blinked his eyes and he looked at me. He goes, oh, okay. But it wasn't. That really is the one unforgivable crime to Uncle Sam.
A
What about criticizing Israel or. We can get to that later.
B
But yeah, well, that, that's another. I mean, yeah, I'm really chalking it up over here. Like, basically what I was doing was, you know, in the eyes of Uncle Sam's like, all right, this guy's trying to do what Gaddafi did, you know, give Africans a way to transact and, you know, trade across borders without us. And the truth is, Uncle Sam doesn't. Even if Uncle Sam completely controls, say, the, an intercontinental African banking system, they still, the west still wouldn't want it. Because the moment Africans can actually trade with each other across borders, that's when they lose control of the entire continent. Because right now people may not know this. I didn't know this until I went to Africa. In Africa, you can't even send money to the country next door through the banking system or even through the mobile telco system, which is the most advanced payments telco system in the world. But it only works intra nationally, meaning inside the country. And you can't talk to even the country next door. So imagine us here in America. You can't send money from New York to New Jersey. It's like nearly impossible. You're better off getting on a bus and slapping a guy a couple of bills. That's how broken the African system is. It costs more money to send money inside of Africa than it does from the outside into Africa. You know, you might pay 20% to send money from Berlin to Nairobi, but if you want to send money from Nairobi to South Africa or Malawi or Ghana, you're going to pay up to 60% if you can do it at all. That's how bad it is. So the west does not want Africa to be able to make payments within the continent at all under any circumstances. That's the truth. And anyone that actually enables that is public enemy number one. And I was, I enabled that to the point where they didn't think it was possible. Because you got to understand, bro, you know, they, you know, okay, let's say the CIA or who, MI5, MI6, whoever. This conglomerate of the west created blockchain technology. Let's say they did it for the purpose of, you know, weakening national currencies so that when they introduce their own, you know, supranational currency, like it'll, it'll become easier. I just say for argument's sake, they do that. They would never suspect. They would never suspect in a billion years. You know, they're like, okay, we'll help let this bitcoin thing grow just so I can accomplish our purposes. And it, you know, they'll just use it for gambling anyway, which is what's happened, right? Like bitcoin got hijacked for actual commerce and then it just sprawled off into defi and basically a huge casino. They never thought in a million years that someone, especially someone that, you know, didn't take any of their money, that wasn't beholden to them, especially someone that was homeless at the fucking time, would actually be able to actually get bitcoin to the global south for the purposes of being actual peer to peer electronic cash. Someone did, and that was me. They never thought that would happen. So when it actually did happen, they were shocked. Like the, the, the matrix was cracked. Like it literally got, you know, scratched really hard and they freaked out. And that's what all this is about. That's what this case is about. It's not about privacy or any of these things. Those things are a threat to the, the system, of course, but this is much, much bigger threat because, you know, with privacy, they're concerned of losing control of their own citizens. But with spreading peer to peer electronic cash in places like Africa, they're going to lose control of the rest of the world and they're going to become irrelevant and it's actually going to weaken the petrodollar and that's an even bigger threat in their eyes. And they never thought it was going to happen, but it happened by a miracle of God, you know, a homeless dude to put together a team of children, no money, bootstrapped to literally a. A unicorn. We were making 88 million a year in straight revenue at one point. Onboarded an entire continent, got through all the challenges and I used hacks like gift cards, things like that. Like it was. They never saw this coming. There was no way they would even conceive of this happening, but it happened. And that's why I've got this nice little bracelet on my ankle monitoring my location now, right?
A
So a few things here. Our previous episode, I took it down because there was some spicy stuff said at the time, I wasn't sure if you wanted to say it. So we'll hopefully get that episode back in some form sometime. Soon. But you talked about your backstory, which was a very interesting backstory, came up from homelessness, etc. Etc. I shouldn't have said that Paxful was no KYC at the beginning. I was mixing it up with some of these other services, like local bitcoins. It's pretty clear that you were going above and beyond to do the kyc. So clearly that's not what this is all about. This is targeting you for other reasons. Yeah. And. And so today, by the way, for the. The listeners, April 22nd, we're talking about in February at Monerotopia in Mexico City is when Ray gave a presentation. He got scooped up by these federal agents and then flown to the US Basically kidnapped. And now the situation, Ray, is that you're basically, you know, what's the current situation? I don't believe you can, you know, presumably leave the US you have a tracker on you, your what's. It's a real shame that I end up interviewing so many people on this channel that are either arrested or their loved ones are arrested essentially for being involved in freedom technology. But can you talk at all about what is your current situation and limitations or what does the immediate future look like for you?
B
At any rate, so I can't leave the United States. I'm only allowed to travel within the New York metro area and a few other places for legal purposes. Anywhere else I have to get permission, which is a bummer because, you know, I left the United States a while ago. I prefer to live overseas. I feel the United States is probably going to turn into something from the show or game fallout pretty soon, unfortunately, because our government has been taken over by traders. Sadly, that's where we're at. Yeah, brother. This is where I'm at right now.
A
Yeah.
B
Waiting. You know, our first and next court date is on May 4th. I'll be going over to Sacramento to see the introduce ourselves to the judge, etc.
A
Gotcha. Right. And I will say that, you know, I've been talking to your people and they basically said, you know, avoid certain topics. But you're not the kind of guy to avoid certain topics. So I appreciate that this kind of transparency is important. So we basically have another prisoner of cryptocurrency company. What's the current state of no Ones? This was the new company that you're running, I believe you stepped down as CEO from no Ones dot com.
B
Yeah, I totally removed myself from the situation. I'm not having any communication with them at all under any circumstances. I'm doing that to Protect the company. It was otherwise Uncle Sam would say, oh, it's being run out of the United States now. Haha, we have jurisdiction. You know, that's what they tried to do. So I had to completely disattach myself. And that's exactly what I did. I don't even talk to anyone in that company anymore at all. And that's just to protect the company and protect the users so Uncle Sam doesn't try to go after them. You know, the thing, you know, anything that threatens the financial or monetary structure is, you know, that's when all the alarm bells go off, off. And if humans can actually start, you know, sending money to each other, especially in places like Africa, nothing. You know, the man hates that more than anything else. That's what I've learned from this and that's what I want everyone to understand. The basic framework of resistance now is along what I call the FMMs financial, monetary and Media. Paxful was a financial platform. We used a monetary system called Bitcoin, which was basically a financial system and a monetary system all in one. You know, there were the rails to send money around and it was actually its own kind of money. And Bitcoin was a huge threat to them if it ever got out of control. They didn't think it would. They, they knew it was just going to go and turn into basically a spiral of usury and gambling. That's what happened. But you know, they didn't want, they didn't want it to ever threaten their actual financial rails. But you know, peer to peer electronic cash is what I thought Bitcoin was what it should be and that's what I worked to make it and I spread all over the world. So everyone should know this. And anyone that tries to create alternative financial systems, those people are considered public enemy number one. One, the privacy people, you know, they consider that another threat, especially with their own populations. But with the, with the Global south, you know, it's not. They know the Global south doesn't care about privacy. They just want to be able to transact somewhat at all. And I was helping them do that. It was basically a form of hawala. Hawala is an Arabic word for money transfer. This is basically the original peer to peer system that happened 1400 years ago. And back then it was kind of the same situation as it is now. The Roman Empire did not allow agency, they didn't allow you to transact on behalf of someone else. And that made life very difficult for merchants that ran these big, you know, international trading operations like buying Carpets from, you know, Tehran and then selling them in Milan and taking the wine and selling it in, you know, Casablanca. Like, they needed to be able to move money. And the merchant, the main guy himself, wasn't there. So how are they going to move money around? So they came up with a system of peer to peer money transfer called hawala, where you'd be like, oh, I don't have the money with me, but my uncle over there will take the money and give the money to whoever needs it, and we'll just settle up between ourselves later. And it worked. It worked very, very well. It still exists to this day, especially in places like India, etc. It's basically remittance. But now with crypto, with bitcoin, with blockchain technology, you don't need to have those trusted relations. Like, you don't need to have an Uncle Habib in Islamabad that you can, you know, use to transact and make payments for you and then settle up with him later. Now you have a whole bunch of Uncle Habibs because, you know, we give you this marketplace where people can put up an ad and say, yeah, I'll give your mama, you know, 100 bucks. Just give me the bitcoin here. And when she comes, you know, I'll give her a hundred bucks of local cash so she can go to the marketplace. That's essentially what I did. What I did with this escrow service called Paxful, which is all it really was. It was just a listing service, an escrow service, and a wallet. And those three things you know, done right with a proper fraud checks, proper identification, proper dispute moderation is actually a massive boom. And local bitcoins did it first. I came around and I expanded it to the whole world and actually figured out how to get the bitcoin into those places where it didn't exist yet and actually made it a lot easier to use and more mainstream. And that's what really freaked out Uncle Sam. You know, there's a reason why they didn't go after the local bitcoins guys and they made a lot more money. They were doing, you know, they were working with Iran, for Christ's sakes. Like they. They were doing billions over there. None of those guys went to jail. Was. None of those guys actually ever made this thing mainstream. They didn't, you know, figure out they were just dealing with the. The crypto people. But I brought it to the mainstream and that's what really freaked them out. So everyone has to understand what's actually at play here. You Know, the reason all the black, brown and yellow people are poor is because there's been a financial system architected around them that's basically like a prison for their money. These people have a lot of money. They just can't use it. And if you can't use your money, it's like you don't have any money. You know, I could come to you, Gabriel, and say, yo, bro, I'm a billionaire. I've got, you know, $20 billion sitting in my bank account in Egypt. But, you know, the government won't let me use it because. Because, I don't know, so and so, blah, blah, blah. He locked my accounts. Could you buy me a latte, please? Am I really a billionaire or am I a beggar?
A
Right?
B
What they've done, that's the reason why 80% of the world is quote, unquote poor. Some because they're lazy, some because they're incompetent. It's because the system, this prison, has literally been architected around them. And anyone that tries to break them out of that prison by any means, whether they're. They have their own state and a whole bunch of gold and they want to bring back the gold dinar and all this and that, or they're just a homeless dude sitting in a soho coffee shop. There's like, oh, creative trying to cash Bitcoin. Okay, well, let's get this all over the world and show people how to use it so people can start, you know, making payments and making some money. It doesn't really matter. If it accomplishes what they fear, then that's the problem. This is the. This is what people have to understand, man. Like, poverty is artificial. It can actually be fixed quite easily. But there's this huge machine of, you know, regulation through prosecution, which is set to make sure that never happens. If I, you know, created an exchange and just let the African people know, Gamble meme coins all day, I would have been hailed as a hero. I would have made billions too. But I didn't do that. I didn't want to do that. Like, all these people came to me and said, hey, Ray, okay, you got a great business model here. We'll invest in you, but we want you to create an exchange like Binance was back then. I was actually bigger than Binance for quite a period of time. We were the biggest exchange in the global South. Binance wanted to buy us. I said no, because I know CZ was just going to turn into a shitcoin casino and take all those people and make them lose Their money. And I resisted all that. But had I opened up and said, yeah, all right, fine, let's put up all the coins, let's go, man. We would have actually been on the binance trajectory. But I didn't do that, bro, because I knew what was going to happen. All these people were going to get robbed. And these people trusted me. You know, I actually went to them. I go to them all the time. I would meet them face to face, have dinner with them, talk with them. I would play with their children. I would build schools. I built 12 schools with full water distribution centers across all of Africa. I wanted to build 100 more. There's no way I was going to just start harvesting these people for their money and destroy their dreams. But had I done that, I would have been considered a hero and none of this would have happened. That's how bad our system is. And we have a system right now where the administration of this country is launching tokens based on their, you know, on them and their wives and rug pulling everybody. And that's all fine, but you help, you know, you know, you help Adewale and, you know, Emeka, send some money over to their brother in South Africa. Holy moly, man. Bring in the windbreakers. We gotta take this boy down right now, right? Basically where we're at, brother.
A
No, I mean, I. Anybody who knows you listens to our previous episode that can see you're a very principled guy and you're following the rules in whatever jurisdiction you're in. And so the whole paxful and money laundering type allegations that we've seen again and again, we know what it's really about. And I don't want to dismiss the fact that Ray is essentially a prisoner right now. He's facing, you know, a very unjust system. And I hope people will follow you, spread the word, etc. Etc. But I know you can only talk so much about it, right? And so I figured we'd kind of branch off and discuss some other things that I know you're passionate about. Maybe just stepping back. Big, big picture here. The people in the crypto space, they like to talk about decentralization. That's the path. That's the key to freedom. That is where success lies. Do you think that this is a false goal? Decentralization?
B
Yeah, it's a total joke, bro. It's a complete and total scam. It's just stupid. It's just children talking. Look, we're human beings. Human beings operate in a hierarchical structure. There has to be a leader you know, this whole thing, oh, it's completely decentralized. No one's in charge. Great, that's recipe for failure. And we saw the failure. Bitcoin failed. It failed to become peer to peer electronic cash at best. Now it's a place where you can store your assets with, you know, cold storage, which 99.9% of people don't do. And the price is still controlled by BlackRock. So that's where we're at. Decentralization is not the goal. The goal is distribution. Like it has to be everywhere, right? And there has to be some kind of leadership. That's just the part. There has to be a face there. There has to be one man ultimately that's willing to put his balls on the line and that people trust. And if humanity cannot produce a leader like that, and the people cannot support a leader like that, then guess what? Humanity doesn't deserve to succeed. That's the fucking truth, man. People will turn to decentralization like it's some kind of panacea and it is useful for diffusing risk. But if you think it's going to completely eliminate risk and you know you're going to worship it like it's God, then you set yourself up for failure. And we see the failure fully manifest. Now, 18 years later, we've seen what a lack of leadership does. It basically turns the whole thing into a shit show. You know, on one side it's a massive casino where 95% of the liquidity is all about just gambling your life away on these stupid meme coins. And even if the coin is legitimate, it's still controlled BY People like BlackRock and all of these, you know, little crypto kiddies that are sitting there dumping and pumping the prices on their yacht and from their Ferraris and Lamborghinis just to rob retail. And on the other side, anyone that actually tries to actually push peer to peer electronic cash, like me or Roger Veer, the whole system comes at them with their full force. And now, okay, they managed to hijack bitcoin, they've shut down almost all the peer to peer right now. The rest that's happening is under, you know, very close scrutiny. And they're only allowing it to happen because they're getting massive cuts out of it, et cetera. And you know, even then the whole like for example, Binance, peer to peer CZ wanted to buy my company, I said no. He just copied the whole thing. I canceled the deal with it with him. And now, you know, Binance, peer to peer has just Replicated the same model of economic apartheid that the banking system does on Binance. Peer to peer Africans can't send money to other Africans. If you're in Kenya, you can only trade with another Kenyan. If you're in Nigeria, can only trade in Nigeria. There's no Pan African payments possible. They actually shut that down. That's the first thing that Binance did once CZ was out and they got this new guy in an American compliance monitor. So it's again all it just again it's reinforcing the same model of economic apartheid. So that's what has happened, brother. Now they're going after Defi as well. You see the attack against aave, yeah, it could be just a bunch of North Korean hackers, but you know, every time I see your North Korean hackers, I'm like, oh man, definitely CIA. They decided to exploit the weakness in defy, which is basically you could create an endless loop of borrowing upon the money you borrowed and crashed the whole thing and it happened. An obviously a great product sign, he's a good buddy, a brilliant guy, but they're exploiting every single weakness to shut the whole thing down and bring it under their control completely. And it's happening in real time. That's what's in front of us. It's full scale total war. And we're not doing any favors to ourselves. Was again, most of the, most of the action still happens again with just speculation and gambling and people aren't recognizing what's actually happening.
A
Ray, were you banned essentially from bitcoin conferences?
B
Yeah, bro. You know, and it's crazy because, you know, like I started bitcoin in Africa and I was speaking there and the organizer of the conference is an awesome lady, you know, she's one of the good guys. But they put her under so much pressure, especially once Gaza happened. And I started speaking out again about that. On day one. Literally on day one, I says I got attacked viciously. Oh, they're like, they're calling me blood libeling. All my friends started calling me up. They got the call and they were calling me and I was just like, man off. I'm not going to keep my mouth shut about genocide. These people don't have anything. I'm not beholden to them. So they basically put pressure on everyone else around me to try to stop doing business with me. I started bitcoin in Africa. Well, I wasn't allowed to speak there anymore. All of a sudden I wasn't relevant. Can you believe that? So I was essentially banned. I'm like, all right, well, if I'm not going to speak there, why should I go? I'm not welcome there. And that's because all of these organizations that you think are there to help people like hrf, for example, you know, Alex Ladson is a friend of mine. I like the guy, but the guy that started it is a really shady character. And they basically, you know, will dangle some money in front of people and get what they want, and they can make a lot of noise, and that's what they do. They get us canceled from the things that we started and slowly hijack a movement. So sad story, bro, but that's what happens when you stand up for the oppressed. And I always do. And I remember I really pissed them off when I was in the bitcoin conference in Ghana, and I got up there and I gave a speech. And in that speech, I honored the ancestors and every single ancestor that did good. And challenges machine from Kwame Kruma to Sergio. Sorry, I forget his name. The guy in Togo, too, you know, Nelson Mandela to Thomas Sankara to Patrice Lumumba, and even brothers like IDI Amin and the brother from Zimbabwe, my man Robert Mugabe. That really made them so angry. But I got a standing ovation from the audience. They were all just fist pumping. They loved it. Sergio. Sergio Oliva is his name. I'm sorry. Olympia Silvano, the brother. And Togo. He actually gave Togo its own money. Met with jfk. Six months later, him and JFK were killed. I brought light to his story. And once they heard that and they were all there listening, all the spooks were there. Like this right here, man. This is not one of our people. And then, you know, they knew what they were doing. And then after I started speaking out about Gaza, that was it, man. Like, this guy's irredeemable, man. He. He. He got the call. He just said the call and he kept going. Right, right.
A
Outspoken proponent of Islam as well. So you got a lot of things going against you in terms of getting a sympathetic audience from the powers that be. Definitely. Yeah. For sure. For sure. Okay, tell me about this video game that you're building currently.
B
Oh, bro, this is. This. This one might be the magnum opus, bro. Like this one. If they haven't blown me up yet, this one probably will just get me. They'll just say, you know what? This right here, man, just take this guy out right now. But, yeah, bro, I'm just, you know, at this point, I'm doubling down. I'm tripling down, bro, on truth. Telling from every angle. So, you know, like the FMMs, financial monetary and media. And you know, the best way media is meant to educate people, so is art really. And I think about that all the time. Like, okay, maybe I should make a social media platform. I'm actually working on that right now. I can't mention that right now. You'll hear about it soon enough. But I was thinking, you know, the best form of education these days, it's not movies. Yeah, it's, it's really video games. Because you fully immerse yourself, you suspend your disbelief and if it's a role playing game, you become that character. So it's very powerful. So I'm thinking we're living in the end times. People don't really understand what's happening now. But if you understand eschatology, meaning the religious study of the end time, especially the Islamic eschatology, which foretold everything that's happening now, you'll really understand what's going, what, what's happening, why it's happening, what's going to happen next. And I looked around, I was like, there's no video games that are telling the Islamic perspective. This war against Islam is really a war against humanity. It's a war against all of us, black, brown, yellow, white, everything. Because you know, they, people understand, okay, we're ruled over by pedophiles now. They know they'll never rehabilitate their image so that I can, maybe we can get them to hate these people instead. Oh yeah, these pure monotheists here that are worshiping God and praying like Jesus does. Okay, let's, let's frame them and project our pedophilia onto them and hopefully that'll buy us enough time and get them to, you know, join the fight against these God fearing people. I was like, huh? The only video games I played, you're just killing Muslims like the original Call of Duty or whatever. So I was like, I'm gonna make a game about this. And I've been a gamer for like 25 years. I played all the RPGs growing up. Recently I put like a thousand hours into Baldur's Gate 3 and Wasteland 3 and all these tactical RPGs and I'm like, oh, these tactical RPGs are really good actually for a thinking person. Great character creation. You can actually weave a great story here with proper squad based team mechanics and really educate people about how to resist and what's actually at stake and give them the occulted knowledge they've been missing. So I put all this into A huge game universe. And I'm actually putting it out now. Our first, you know, trailer video went viral and I'm hoping in 18 months we'll actually have a fully functioning first campaign. It'll be. The first campaign will be in Gaza where basically you join this, you know, secret army of reverts. These are a bunch of, you know, Europeans, Americans, Africans that all discovered Islam was the truth and now they're just fully resisting and they have some pretty cool tech. And bro, it's going to be something crazy, man. Like I'm putting all the everything that I've learned into this game. I'm 49 years old right now. I have a story to tell. I have a lot of occult knowledge to share and I wouldn't be able to just write this down otherwise people would think I was trolling. But you can put it in fiction and you'll be able to reach the youth. So I think that honestly is a great way create an IP franchise to get this media out with an animated series and a game. It's called the Last Battalion. It's based off a prophecy of the late great Austrian painter where he said, okay, we might be losing this battle, but they'll come a time in the future when the last battle is fault fought. And amongst them will be a battalion called the Last Battalion. That's what this is. And I gotta say, the characters are pretty awesome, bro. I mean, like I said, I'm 49 years old. I know how to tell the story, I know how to tell character based things. So you're gonna really enjoy it.
A
And probably not, probably not on steam though, that's what I'm guessing.
B
Well, yeah, I mean, maybe we'll get on there for like a week. We'll be gone, bro. What's the. Once people actually play the game, like, whoa. I mean this game is going to piss everyone off. Everybody I've even managed to piss off like the Muslim Wahabi. It's, you know, these fundamentalists, they're pissed off of me. Everyone's going to be angry. And that's good. That's how you know you're hitting all the truth, all the truth vectors. You're just making everyone extremely irate. So I'm pushing, bro.
A
And so the best way to keep up to date with Ray, we'll have his, his Twitter profile in the show notes here. You can follow him kind of moment by moment what he's up to. He's pretty transparent on there. Just a couple more questions for you, Ray. Step back, get a little bit Big picture here. And I'll frame this question just specific and I'll let you take it where you'd like. I had a German lady recently recommend that I read Goethe's play Faust. Why is that such an important text in your view?
B
Yeah, so you know, that's the work that people know most of. Johann Wolfgang von Goethe. And he's an amazing character. He's one of my heroes actually. And he was, you know, people can think of him as the foremost German poet, but really he was primarily a scientist. Yet 55 books he wrote on science. 55 of them, I haven't read all of them. I read maybe like 11 or 10 of them that I could find in English. But he wrote books and everything from the. The morphology of plants, like how a seed turns into a plant. And it's brilliant how he actually analyzes that entire process. And the way this guy observes nature and links it all back to divine design in a very beautiful way, but also with strong engineering principles is amazing. Like you have to read that book was as an engineer, it will really like. You'll see how brilliant this man was and how the natural world really works then. He even wrote a book on the structure of the jawbone. His foremost scientific work, I say, was his theory of colors, which is an amazing book and it's an amazing story. When people think of colors, they think, oh yeah, Isaac Newton, you know, all colors are combined are white light and light moves in a straight line. And that's all bogus. Nothing in nature moves in a straight line. Although, you know, white is not a combination of all colors. Goethe proved that himself with the simple set of experiments using prisms. Goethe's theory of color is the correct one. If you don't want to read the whole book, you can type Goethe's theory of colors in YouTube. There's a 45 minute video you can watch. But just how this guy thinks about color as the emotions of light and how color has healing abilities, Brilliant. I'm actually, you know, taking his principles and building a water structuring machine that's actually in a structure of water and it can do amazing things as well. Like that's another invention I'm working on based off Johann Wolfgang von Goethe's color theory. And you know, Goethe was, he was Nikola, one of Nikola Tesla's heroes. He was one of Rudolf Steiner's heroes. This man is the og not just in poetry, but in science. And in fact he wrote Faustus was. All of his science at the time was literally being rejected by these same Dark forces now. So he's like, okay, the only way I can get the truth out is if I write a fictional story. And if you've read Faustus, you realize that one of the villains in the. In the story is a demon by the name of Apistophilis. And that's what the vehicle that Goethe uses to teach people about the spirit world, this entire world of these invisible creat creatures called the gen. There's a couple of them in the game I'm making as well. It's important people understand how the spirit world works. But Goethe turned to poetry because, you know, he was saying things directly, like two people's faces and it wasn't working. He's like, okay, let me just say the poems and stories now. Maybe then they'll listen. And Goethe, a lot of people don't know this about him. I was shocked to learn this actually myself. But like a lot of the great European intellectuals, he, you know, didn't just study the Quran and Islam. He was an actually devout Muslim. He would pray. He would get all his five daily prayers himself. He read the Quran, he taught the Quran to people, especially the women he fell in love with. I mean, this guy was truly an og. He just wanted the truth. He was one of those people that didn't care about religion, didn't care about dogma. The only thing he wanted was the truth. And he would pay any price for that. A remarkable human being, a giant in every sense, and one of the heroes of the entire Victorian age. It wasn't just Tesla that looked up to him. It wasn't just Steiner who was one of the greatest occultists ever. He wrote 300 volumes on everything from Egyptology to farming, to dance to cosmology, everything. It was also the greats of the Victorian. The Victorian era. The Royal Institute, the Royal Society, like Thompsons, the Maxwell's, the Oliver Lodges. They all looked up to this guy. And even Newton, like Newton respected him tremendously. And even Newton is not what they tell us he is. If you actually go back and read Newton's work and you read his private letters, especially to his peers, you'll see that the image they give us of Newton is literally the exact opposite of what he actually was. And, you know, it's just a part of our own individual awakening. You know, the more you go down this rabbit hole, you'll begin to understand that isn't just the system money they've corrupted, isn't just our textbooks, isn't just our religion or our medicine or health. Like they've Literally corrupted our science as well. The great men of the Victorian era, the Royal Institute, had they been. Had that form of science, which was called natural philosophy at the time, been allowed to continue, man, every one of our kids would have had a flying skateboard like 50 years ago. We'd all be in flying cars. No propellers. We have Tesla's world system everywhere right now. A completely decentralized grid for power generation, power multiplication, transmission, and data transmission. We would have had all of that. But they had to stop that. And they did. Not just by burying that entire realm of science, but by replacing us, replacing it with a new, completely new fake pseudoscience based on special relativity and quantum gobbledygook. What we're seeing right now is basically a complete and total. Not just a distortion, but a complete and total perversion and just a huge pile of poo on the real science, which is called natural philosophy. And also you look at Newton's foremost books, like, he didn't call it denied, the Mechanical Principles of Science. Call it the Mathematical Principles of Natural Philosophy. So it's a whole other rabbit hole. But I would encourage people to go down that as well, if they have the stamina to actually read all those old books. Good thing is, Royal and Sue wrote in English, so it's not that hard.
A
Well, speaking of stamina, one more question here, and then we'll get your final thoughts. Testosterone. You're a big proponent of trt, testosterone replacement therapy. How important is testosterone as a hormone for grasping, comprehending, defending a worldview?
B
Oh, it's critical, brother. It's critical because it comes at the axis of a huge kind of conspiracy against humanity where, you know, so many different negative things came together. Like, for example, over specialization. You know, when you separate your warriors from your scholars, you're going to have your fighting done by morons and your thinking done by cowards. And that's where we're at right now. The warrior scholar has been effectively phased out. Everyone is put into their own little cubbyhole, and around them is this huge scaffolding of lies that's completely perverted the natural order. And that's why we don't have nice things. And that's why we can't rise up against these oppressors, because manhood, you know, has been robbed of knowledge and robbed of, literally, our balls. You know, if you look at the average rates of testosterone in men, especially in the west, they've dropped precipitously from our grandfather's era by 1% a year. That's a lot, bro. That means in 50 years our testosterone has dropped by half. Our grandfathers literally had twice as much testosterone as we do. Twice as much. To the point now where literally everything we eat, you know, everything we drink, all the water is in BPA plastic containers which produce xenoestrogens that basically rob us of our testosterone, increase our estrogen. They have effectively feminized the males and masculinized the females and they've made testosterone itself a narcotic. You know, you, it's a aaa it's like class A drug like cocaine or heroin. A testosterone, what we produce in our testicles and we have half as much if we're lucky as our grandfathers did. So I encourage every man, especially over the age of 35, to get on TRT, go to your doctor, etc, you know, and ask for a proper dose, not just a little faggoty as dose. Get a proper dose of TRT and you're going to feel a whole new. You're going to feel like a whole new person. You know, testosterone is what gives us the ability to think clearly. Yes, it has androgenic benefits like masculinization, like, you know, strength, muscle growth, etc. That's the anabolic effects. But it's the ability to think clearly and be in the zone that's the best part of those androgenic effects. Masculinizing them. Facts we've, that's been taken away from us. That's what Fight Club was about. The loss of masculine identity, the loss of our just natural testosterone rates, the over specialization, just a big part of that. But also armed with this campaign just to make men feel ashamed of their manhood, all of us, they put a special focus on that shaming for the white male. You know, they get him in all kinds of ways there too. And that's because, you know, they're worried of what happens if all the white boys, oh man, they have actual means. If they actually get their balls in check and know what's going on, we're so that's what they've been doing since 1945, which was their official victory over the white man. And all of this is, is, is not a conspiracy. This is just fact. These are what the numbers show. And this is what Fight Club was trying to tell us here. Everyone's been trying to warn us in their own ways. But one of the best ways we can resist here is by turning each one of ourselves our own physical. You know, this body and this mind that we have right now, turning it into a warrior scholar, you Know what the Stoics would say is, you know what Nietzsche called the Uberman? All that is is just someone that is taking charge of their own destiny, that refuses to let others do their thinking for them and that strengthens and purifies themselves. What Allah loves most of all in his followers is strength and cleanliness. And that's why we pray, that's why we worship God. So we, you know, purify ourselves so we have our morals in check, so we can't be demoralized by the enemy. That's why we do that. And only in that is is our strength as men, then we can defend our women. Was this Antichrist system that we have, the first thing it does is goes for our women and we're both living here in America. Imagine dating an American girl right now. It's a wasteland out there, bro. They took went to our women first and they destroyed them and we were unable to protect them. So now they hate our guts and don't respect us. And this is a situation that we're in. How are we going to take it back? Look in the mirror. Think about what, like, who would you want to be your mentor when you were a young man? You want to be that person. If you didn't have that person, be that person and turn yourself slowly every day into that person with the little things, acquiring the right knowledge, seeking out new sources of knowledge, investing the time into learning and strengthening yourself, strengthening your body, strengthening yourself with the discipline to do the things that should be done when you don't want to do them. And that's how we build ourselves up, brother. And the ultimate version of that is really by challenging ourselves to open up our hearts to the things that seem most alien to us. And this is important because if you want the spiritual truth, it's simple. Look at whatever has been made to seem the most primitive, ugly, barbaric, violent and just dumb. That's what the system fears the most. Whatever is the real truth, they will make to appear like that. And we all know what that is right now, right? It's Islam. That's what drew me to Islam. It's like, oh, you know, it's like these, these devils that run the world, they completely flip the script and pervert everything. You know, up is down, down is up. Good is bad, bad is good, Black and white wine is black. It makes sense that if evil like this exists, there has to be good. So God must exist. There must be a singular designer. The proof of the harmony throughout the multiplicity of nature is proof of a singular designer. This singular designer, if he created us, had to give us a fighting chance through all this distortion and these constant attacks. So the truth must be out there. What could it be? Oh, yeah. It's got to be the most violent, barbaric, primitive thing I can think of. Oh, yeah, Islam. Oh, yeah. And I just thought, well, okay, I gotta go read their book. Let me go read it. Oh. Oh, my goodness. Makes perfect sense. Jesus makes sense. This makes Christianity understandable. Right now everything fits into a framework that makes sense. One God, no partners. And the stories of the prophets and the scientific miracles and the law, like. No, you doesn't. You know, whatever system of law is actually the best for us. That would make us feel. Sharia law, what is that? Oh, no usury, no gambling, no exploitation of the oppressed. Oh, you have to give charity. That doesn't sound so bad. You know, that was my journey, basically, to that. And if you, if you want, if you have the balls to go down that path, then mad respect to you and, you know, especially if you're a white male living in America, go. If you come to that path through all the they put in your way, then truly Allah loves you, then truly you're one of the strongest ones. And mad respect to you, Sam. Sa.
Watchman Privacy – Episode 218: Ray Youssef: The War Chief in Chains
Release Date: April 24, 2026
Host: Gabriel Custodiet | Guest: Ray Youssef
In this compelling episode, Gabriel Custodiet welcomes back Ray Youssef—Paxful founder, crypto entrepreneur, MMA practitioner, and outspoken activist—to discuss the dramatic aftermath of his arrest, the deeper war against financial autonomy, and his evolving vision for resistance through technology, culture, and personal transformation. The conversation delves into challenges with financial regulators, the Western stranglehold over the Global South’s monetary systems, the myth of decentralization, activism, banned conferences, and Ray’s newest project: a provocative video game rooted in Islamic eschatology.
[01:48–13:33]
Correcting the Paxful Narrative:
Ray clarifies Paxful was not a no-KYC platform as rumored. After the initial phase, they were industry leaders in KYC compliance, especially for the Global South, even using localized verification systems like Nigeria’s BVN.
KYC Motivations:
"Identity is the foundation of banking. And when you let anyone anywhere in the world get online and do a trade, fraud is actually the biggest problem." (Ray, 02:57)
Relentless Regulatory Pressure:
Despite innovative compliance, U.S. authorities remained hostile:
Arrest and Ordeal:
Ray recounts being detained in Mexico City after a speech at Monerotopia, deported, then arrested at LAX:
"I'm guilty of the one unforgivable crime...I helped Africans, brown and black people all over the world just be able to use their money." (Ray, 12:29)
[13:36–18:14]
Systemic Barriers:
African nations are intentionally prevented from transacting across borders, reinforcing dependency and exploitation:
"You can't even send money to the country next door...That's how broken the African system is." (Ray, 15:44)
The Petrodollar & Real Threat:
Western powers fear losing global financial control if peer-to-peer cash takes root in the Global South.
Ray’s Impact:
Bootstrapped Paxful into a billion-dollar platform, making real headway where Western institutions expected only speculation and failure.
[18:14–21:03]
Aftermath:
Ray now has an ankle monitor, cannot leave the U.S., travels only with permission:
"I left the United States a while ago. I prefer to live overseas. I feel the United States is probably going to turn into something from...fallout pretty soon." (Ray, 19:49)
Severing Ties for Protection:
He stepped down entirely from his new project (NoOnes) to prevent U.S. jurisdictional attacks on its users or leadership.
[21:03–26:47]
Architected Poverty and Financial Apartheid:
“These people have a lot of money. They just can't use it. And if you can't use your money, it's like you don't have any money.” (Ray, 25:46)
What Triggers the System:
Helping people transact is more dangerous to the system than encouraging gambling/speculation.
"If I...just let the African people gamble meme coins all day, I would have been hailed as a hero." (Ray, 28:06)
[30:34–34:45]
Critique of Crypto Ideals:
"Decentralization is not the goal. The goal is distribution...and there has to be some kind of leadership...There has to be one man ultimately that's willing to put his balls on the line and that people trust." (Ray, 31:07)
Bitcoin’s Failure:
In Ray's view, Bitcoin became a casino, abandoned its mission as global peer-to-peer cash, and fell under the influence of powerful actors like BlackRock.
Replication of Old Systems:
Even "peer-to-peer" exchanges like Binance now enforce restrictions that mimic legacy financial apartheid:
"(On Binance P2P) Africans can't send money to other Africans. If you're in Kenya, you can only trade with another Kenyan..." (Ray, 33:57)
[34:45–38:01]
[38:01–43:09]
Innovative Resistance:
Ray is channeling his insurgent message into a tactical RPG called The Last Battalion, rooted in Islamic eschatology, anti-imperialism, and "occulted knowledge":
"If they haven't blown me up yet, this one probably will just get me..." (Ray, 38:25)
"The best form of education these days, it's not movies. It's really video games." (Ray, 38:59)
Game Details:
[43:39–50:06]
Ray’s Intellectual Influences:
Johann Wolfgang von Goethe—a model scientist-poet, critical of mainstream “fake science.”
On Scientific Deception:
Blames replacement of “natural philosophy” with pseudoscience for technological and moral decline.
[50:06–End]
TRT as Rebellion:
"Testosterone is what gives us the ability to think clearly...the best part of those androgenic effects. Masculinizing them. Facts we've, that's been taken away from us." (Ray, 50:53)
Loss of Traditional Masculinity:
Societal forces have "robbed" men of knowledge and masculinity, accelerating decline via estrogen-mimicking chemicals and social engineering.
Ultimate Advice:
Ray advocates for men to become "warrior scholars"—both physically and intellectually formidable—as resistance to the "Antichrist system."
"If you want the spiritual truth, it's simple. Look at whatever has been made to seem the most primitive, ugly, barbaric, violent...That's what the system fears the most." (Ray, 53:57)
On Arrest:
"Well, sir, I'm guilty of the one unforgivable crime...I helped Africans, brown and black people all over the world just be able to use their money and make payments outside of the banking system." (Ray, 12:29)
Why the West Hates Pan-African Payments:
"If Africans can actually trade with each other across borders, that's when they lose control of the entire continent." (Ray, 14:33)
The Futility of 'Decentralization':
"There has to be a leader...if humanity cannot produce a leader like that...then humanity doesn’t deserve to succeed." (Ray, 31:23)
On Conference Bans:
"They get us canceled from the things that we started and slowly hijack a movement." (Ray, 36:53)
The conversation is candid, direct, and iconoclastic, marked by Ray’s characteristic fiery style, impassioned advocacy for the marginalized, and unapologetic commentary on global power structures, technology, and culture.
The best way to keep up: [His Twitter profile—linked in the episode show notes]
End of Summary