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#217 Jp Cortez - What Is 'Sound Money'?

#217 Jp Cortez - What Is 'Sound Money'?

Released Friday, 5th August 2022
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#217 Jp Cortez - What Is 'Sound Money'?

#217 Jp Cortez - What Is 'Sound Money'?

#217 Jp Cortez - What Is 'Sound Money'?

#217 Jp Cortez - What Is 'Sound Money'?

Friday, 5th August 2022
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Episode Transcript

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0:20

what's up ladies and gentlemen boys and girls around

0:22

the world i would like to welcome you back

0:24

to another episode of the real talk

0:27

with zoo be podcast now

0:29

on today's episode we have got on the policy

0:31

director of the sound defence

0:33

league and this is jt cortez

0:36

to the job

0:37

exhibit a trap me i'm and great to be here with

0:40

happy to have you here i've just in a very

0:42

brief ensure their gp but people

0:44

a little bit about who you are and what exactly

0:47

it is that you do

0:49

yes thank you for have me on first so

0:51

, like you mentioned maybe jp cortez i run

0:54

run public policy group called the sound money defence

0:57

money this is public policy

0:59

group that primarily focuses on

1:01

constitutional some money that has to say i

1:03

gold and silver which and mentioned in

1:06

the constitution but the

1:08

year me personally i'm at a big bitcoin fan

1:10

a big fan of sound and all the things sound

1:12

many promises ah so

1:15

we go state the say it's primarily

1:17

a a state policy project

1:19

so i'll go state to state introducing legislation

1:22

to eliminate taxes on gold and silver

1:25

to establish in say

1:27

depositories say depositories state

1:29

pension funds or taxpayer reserve funds with

1:31

gold and silver i'm so we

1:33

we work to remove

1:35

all of the disincentives in the way of

1:37

people getting into and out of sound money

1:40

they choose an so there's

1:42

there's that policy part and obviously that's very important

1:44

and over last six or seven years

1:46

now we've had i've worked to pass

1:49

to write legislation and to pass legislation

1:51

and more than than states

1:53

at this point are doing several different things

1:55

and so the policy part is obviously important

1:58

but the education part is

1:59

the thing that i've been leaning more and

2:02

more to over , last couple

2:04

years that the reality is is

2:06

are eight thousand about eight thousand

2:09

elected let state legislators in

2:11

the united states most of which have

2:13

never heard the term sound money most

2:15

of which have never really thought about what

2:18

money is and where it derives it's value and

2:20

so this opportunity to to testify

2:22

at hearings and to meetings with legislators

2:25

i think is equally important

2:27

as actually passing legislation introducing

2:30

legislation , to these ideas and and bridging

2:32

the disconnect between you know

2:34

what money printing is and and how that flows

2:37

downward and and effectively hurts

2:39

harms the poorest among us or this

2:41

is not something regularly understood soak

2:44

having the opportunity to the to write

2:46

to speak at the know you were it freedom fest

2:49

last week i was a freedom best last week both have the opportunity

2:51

to speak on on you know it is

2:53

that doing and , sharing the messages

2:56

is equally as important as as

2:58

the policy work and

3:00

okay so let's let's go over

3:02

some basics year because this is not a

3:05

financial expert i'm not gonna assume

3:07

that anyone listening to this

3:09

podcast all of financial terms

3:12

you yourself have said the many elected officials

3:14

do not so there's a phrase

3:16

you've used multiple times say sound

3:19

money what exactly does the term sound money

3:21

actually me when i say

3:23

some money on talking about are some

3:25

money in the austrian tradition the it did the

3:27

tradition that was born in

3:29

in carl menger ludwig me says murray

3:31

rothbart a hike and hazlitt

3:34

i'm and this is simply the idea that it's a money

3:36

based on market forces are so this

3:38

is not a money that was enough there wasn't

3:40

a government agent a wave the wand and said

3:43

gold and silver our money beast beast

3:45

gold and silver historically have been money for thousands

3:47

of years not because of

3:50

the the stamp of that a government

3:52

lackey handed down but rather because

3:54

these are money's that have been tested by the market with

3:57

that self correcting mechanism that's inherent in

3:59

free market and over of

4:02

years it has it's has it's store

4:04

of value has retained value and

4:06

so golden silver bitcoin

4:08

these are examples of sound money or

4:10

examples of unsound money would be

4:13

a , small stones

4:16

little glass beads and of course

4:18

the us federal reserve note commonly known

4:20

as the dollar and

4:23

for some money that kind of what some money

4:25

is it is far as like a technical

4:28

i'm but there are there are two main value

4:30

props to to what the

4:32

the benefit that sound money or

4:35

provides the first is that

4:38

is it as it as of as

4:41

investment tool so many reduces

4:43

uncertainty right so if if

4:46

you and i are trying to plan a

4:48

year from now five years from now ten years now

4:50

thirty years from now doing now with

4:52

an unstable money becomes incredibly

4:54

difficult if if we don't know what value

4:57

of money is going to be ten years from now you

4:59

and i can't sign a contract that would

5:01

for example ah work to

5:03

build the infrastructure in the city in which you

5:05

and i live you and i wouldn't be able

5:07

to to develop all of that the basic

5:09

fundamental things that are that

5:12

our society needs to grow that is to say

5:14

i'm the basic infrastructure up

5:17

roads financial systems schools

5:19

all of these things and these bees

5:22

products these institutions

5:25

grow through the process of capital accumulation

5:28

people are able to store their wealth because

5:31

they know that it's value will retain over the long

5:33

term and through the course of that people are

5:35

able to plan and invest and save

5:38

in a way that benefits themselves in

5:40

way that benefits the site so

5:43

that's that's a first big tenant

5:46

sound money of the second is just

5:48

a johnson right there yet arm based off

5:50

that concept would you consider

5:52

a bitcoin to be sound money because

5:55

we don't know where is

5:57

gonna be in gonna from now

5:59

little the five years ten years ten years

6:01

twenty twenty years and so on so i'm

6:04

a fan of bitcoin myself but i'm sure

6:06

it would meet that first i'm

6:09

not sure would meet at requirement as it currently

6:11

stands the i think that that's

6:13

a a really good point and i'm not sure that

6:15

could argue that it does that

6:18

standard today oh what

6:20

i can say an end of the major difference there

6:22

between something bitcoin in something like the us

6:24

dollar is that there's a six supply

6:27

i don't have to wonder what the technocrats

6:29

of the world are going to do to manipulate

6:31

the supply where the by the value

6:33

or the price of bitcoin this

6:36

is not a concern of mine similarly

6:38

to to and silver right the these

6:40

are precious metals and yeah you get into potentially

6:43

yam artificial gold or

6:45

are you not a com

6:47

it comes and hits earth and it's full

6:49

of gold so potentially there

6:51

at least in theory there are ways which had gold

6:53

supply could increase them

6:56

but this is a fundamentally different process

6:59

than people

7:01

the phd standard a bunch of you know

7:03

highly credentialed people coming

7:05

together and sang a we know what's best for

7:07

the world we know what's best for this monetary system

7:10

and we're going to carry out our will through you

7:13

know it without the consent of the governed without

7:15

any real appreciation for how inflation

7:17

and how monetary policy hurts the

7:20

the most among us the

7:23

that and i would say that that the difference between

7:26

something like bitcoin that makes bitcoin

7:28

to me they are more on the side

7:30

of sound money because yeah it hasn't happened

7:32

yet but i know what did i know what the supply shortages

7:35

and i know that i think twenty twenty fifty

7:37

whatever whatever the year is the

7:40

i can rest assured that

7:42

there are x amount of bitcoin in the world there will never

7:44

be anymore i can't say that about

7:46

the dollar

7:48

so is that the is the fix supplies

7:51

that the second term that determines how

7:53

many i know i i you you are coming

7:55

to a second point we i notice oh

7:58

yeah it wasn't going to be a fixed supply though

8:00

generally that is what allows a money

8:02

to retain it's value the

8:05

second part of what make some money so important

8:08

that it acts against it it acts as defense

8:11

against a that would otherwise recklessly

8:14

so some money as serves

8:17

as someone he serves as guard rails there it's

8:19

it's a bulwark government that would

8:21

otherwise you know spend recklessly on

8:23

for example giant

8:26

wars that are decades long that we

8:29

don't have a lot to show for for example the middle east most

8:31

recently then

8:33

is a ukraine for example another good

8:35

example of americans

8:37

are a at least the american leaders

8:40

drinking and sending tens

8:42

of billions of dollars the

8:45

ukraine a country that has obviously struggling but

8:47

that has a long history of financial

8:49

mismanagement and so now recently

8:51

of last couple days i don't know if you've seen some of these

8:53

large publications have

8:55

been talking about hey wait should should

8:57

we have been giving ukraine money

9:00

that we thought anything at

9:02

all about maybe how the money is being spent

9:04

there any sort of audit system is there any sort of an

9:07

itemized report of where this money is going

9:10

but in in typical american fashion

9:12

i think there's nothing in the way of accountability

9:15

as far as spending are really

9:17

as as much of anything they are so

9:19

we'll see we see that the moral

9:21

hazard that introduce their when you

9:23

don't have to actually worry about the money

9:25

because you can just print more at any time leads

9:29

to bad decisions and again that could be things

9:31

like more this can be things like a

9:33

domestic policies that policies that

9:35

to you

9:37

know hurt hurt that force people

9:39

among us their dino billions of dollars maybe

9:42

the billions of dollars that were spent on for example

9:44

the war on and this

9:47

you know what was a a government policy

9:49

of targeting black and brown people

9:52

for pot

9:54

or whatever it is and and the money and resources

9:56

in the time that goes into all of this isn't

10:00

commensurate with the value

10:02

derived from what the policy is supposed

10:04

to do so it sound

10:06

money stop these

10:08

things so many puts odd

10:10

are yeah guard rails on what a

10:12

government is allowed to do without without

10:15

the consent of the governed then

10:18

than sound money is ultimately what keeps

10:22

the massive government institutions

10:24

from from wreaking havoc all over the

10:26

world

10:28

maybe this is me being pessimistic but isn't

10:30

that us isn't that the goal i mean

10:33

the nation's use

10:35

have a more sound money system

10:37

because these currencies the pound

10:39

the dollar etc they used to be pegged to

10:42

goals

10:43

but as anyone who knows the a

10:45

little bit of history about the monetary

10:47

system they went off

10:50

the gold standard and now we just

10:52

have this see out currency system whereas

10:54

you've alluded to the sad or

10:56

any other central bank can just

11:00

they would supply as much as they want

11:02

to often times in a very

11:04

opaque manner there's not much and

11:07

for people to see okay you how many dollars have been

11:09

printed every what exactly is going on

11:11

as you said there's there's no there's

11:13

very little accountability so

11:16

why why is it in your opinion

11:18

why do you think that is that countries moved

11:20

off the gold standard to begin with i

11:23

think i think it what you just

11:25

as there is is so important to understand

11:28

and i liked the way asked because the question

11:30

wasn't why did the gold standard

11:32

fail because the

11:34

gold standard didn't fail politicians

11:37

realized if they took off their shackles

11:39

they'd be able to have more fun yeah

11:42

and so they got rid of the connection between

11:44

any sort of real semblance of reality between

11:47

like an actual thing of value being

11:49

older value basket of goods or whatever is

11:51

and realized wait if if we don't if

11:54

we don't have this you know parent

11:56

in the room

11:57

we can do whatever we want

11:59

it's been that that creep

12:02

from you know where are

12:04

you can start really back in the civil

12:06

war back though the tender acts and

12:09

, from there that the establishment of the

12:11

federal reserve in nineteen thirteen from there

12:13

and in thirty three ft are outlying

12:16

banning golden by executive

12:18

order and and seventy one ad

12:20

nixon closing the gold window and

12:23

so now we're here today right muslim

12:25

and what we've seen as just massive

12:27

blow up in government spending

12:30

and now we're and now the very obvious

12:32

implications of that consequences of that right

12:35

there wealth disparity is higher than it's

12:37

ever been maybe before add

12:39

the county on effects that that are explained

12:41

in the austrian school about how

12:43

central economic governing bodies

12:46

when they print money the the

12:48

people the benefit the most

12:50

from this newly printed money or the people already

12:52

entrenched in these powers or the

12:54

politicians the bankers to finance years and

12:57

these are the ones that are getting money long before

12:59

inflation catches up so by the time you

13:02

know the if the fed prince money today

13:04

and and by the time it works it's way into the economy

13:06

and down to us we're not

13:08

getting those cheap prices of newly printed money

13:10

inflation is already caught up the time he gets does

13:14

that's something that that's way so important for people

13:16

to understand cause i i don't think a lot people

13:19

know that that's the can see on effects

13:21

correct yeah that sir richard can't

13:23

he only with the french economist and

13:25

yeah and suits and suits think that's what that's

13:28

really speaks the importance of importance of

13:30

education part what the some money defence

13:32

league is doing because there's a disconnect

13:34

because i think most americans

13:36

probably most people around the world and i'd say

13:39

most american politicians elected believe

13:42

that if you're printing

13:44

money something good is going to happen

13:46

right your printing money to to help

13:48

someone to save some wanting to tell

13:51

someone get out poverty without any

13:53

you know consideration or understanding for wait no

13:55

hang on do the you're doing you're doing

13:58

this backwards the printing money that

13:59

hurting people

14:01

but it's hard to understand rather american

14:04

politicians and probably politicians around the world

14:06

are having a really hard time that you

14:10

know that maybe it is well

14:12

actually no it's not it's not ukraine so it's

14:14

not put inside and it's not the

14:17

ceo of kroger's and it's not the

14:19

ceo of exxon salt have

14:21

y'all considered maybe for a second not printing

14:23

trillions of dollars of unpacked currency, is

14:27

anyone in the room going to have?

14:29

we thought about doing this yeah

14:31

i mean i don't is

14:34

where is often don't is into a debate

14:36

and disagreements with people because i don't

14:38

generally think these things are mistakes that

14:40

level i that they know

14:43

what they're doing and i think

14:45

either a day don't care or it's

14:47

intentional i think that the destruction

14:49

is intentional i don't believe

14:52

that someone can be working in such a

14:54

position than someone can be working

14:56

in the in the federal reserve or or leading

14:58

edge or running a central bank they they

15:00

genuinely don't know they're not aware

15:03

that printings huge amounts of money in

15:05

, short space of time is going to jack up inflation

15:09

inflation don't believe that their that stupid

15:11

i think a lot of people would like to believe that

15:13

they are but to me

15:15

that is people knowing what they're doing

15:18

and just disregarding the consequences yeah

15:21

and i totally agree and i think it

15:23

speaks to how modern economics

15:26

as it's understood and practice today is

15:28

closer tidy allergy than actual social

15:30

science and razor didn't eat

15:33

this eat this is what it looks like you're

15:35

in america nine point inflation

15:38

, that number is is

15:41

temperature down i'm delighted i'm was

15:43

an electric bill had attractive high

15:45

attrition it's i wonder if anyone who is

15:47

in the real world knows that it's no absolutely

15:50

right and so the thing is

15:52

linda the

15:54

system is the way it was designed

15:57

to do so there is there isn't

15:59

anything going wrong with what the fed

16:01

is doing this is how it's built in this what

16:03

supposed to do and

16:05

so you know that the janet yellen

16:07

than the jerome powell of the world no

16:10

i don't i don't think they think they're

16:12

doing bad in fact i think they're probably thinking

16:14

that they're doing god's work

16:16

but like all of that stems from

16:19

like an ideology that's wrong and the idea

16:21

this like keynesian idea that you can deficit

16:24

spend your way into prosperity and that technocrats

16:26

can control the world and centrally planted in

16:28

such a way that there is no poverty

16:31

there is no you know no one is suffering

16:33

week we can list we can lift

16:35

everyone up through through ,

16:37

that the of a

16:39

central planner and and like that in

16:41

itself is so fundamentally understands

16:44

softening you know what

16:47

we're doing here how economies come to be what money

16:49

is what value is and eventually

16:51

you not miss unsustainable that there's

16:53

real harm here caught the end of all end this

16:58

okay no is guy ignorance when i was just

17:00

can say is that like and and

17:02

that's what makes the doublespeak

17:04

we've been seeing so much the

17:07

as as moral failing right

17:09

so inflation itself is a moral failing in

17:11

that this is policy choice you know the

17:13

government has that the government in federal reserve have decided

17:16

we're going to make life more for people that

17:18

are already struggling to afford food

17:20

medicine whatever it is and

17:22

so and and but that hinges on the

17:24

promise that oh , know

17:27

that the government will save you they'll they'll give you stimuli

17:29

baylor no give tax breaks build

17:31

do whatever it is lower prices of things and

17:34

so all of this hinges on oh

17:36

don't worry the government will come save to

17:39

the single mother in in in inner city

17:42

that's has several kids and is already

17:44

struggling to afford x

17:46

or z the empty promises

17:49

coming from community theater actors in

17:51

b c you know in penguin suits

17:54

don't actually affect the livelihood

17:56

of this person that is in this moment

17:59

struggling

18:01

and politicians are actively

18:03

making it worse than and so

18:05

and so that's what going back to the doublespeak rights

18:08

so

18:09

the in we saw

18:11

at the very beginning maybe eighteen months ago maybe blogger

18:13

than that now transitory

18:15

is the phrase we heard all i

18:18

, even before that right there was no inflation

18:20

for a long time no no there is no inflation

18:23

and then well it

18:25

is happening but it's actually not bad

18:29

there

18:30

well

18:31

it it happening but it's actually good for you

18:33

and let me explain you how this better

18:37

and it's it's insane and

18:39

like most recently we're redefining the

18:41

the term recession this long

18:43

this long held understanding sort of of how

18:45

mainstream economists and people focus on

18:47

the economy are studying these things suddenly

18:49

these definitions are no good it's happening

18:51

in real time doublespeak the

18:54

orwellian process of this we're

18:56

seeing it happen every day to day lives

18:59

and like so

19:01

so when you have these these sort of

19:05

looked like the it's not sleight of hand side

19:07

of town i suppose it's it's

19:09

funky it's a funky is

19:11

lying had been there forever

19:14

because it , this

19:16

is my favorite desk and that's exactly

19:18

what it is it it is it

19:20

is an untruth untruth

19:23

ives i said before and and i think i set

19:25

it on that panel at

19:27

freedom fest that second

19:29

to language money

19:31

is the single most like interpersonal

19:34

interconnected tool that human beings regularly

19:37

use to communicate with him

19:39

right there there there's very little

19:41

that that doesn't touch money did

19:44

this and this and itself and prices

19:46

themselves they're all signals that that it's

19:48

all information and

19:50

so

19:52

if you

19:53

the

19:55

the are going back to the

19:57

language being being incredibly

20:00

so when you manipulate money can see

20:02

very clearly you know people are hurting

20:05

people losing their jobs people are unable to

20:07

pay medical bills whatever it is and this is

20:09

what it looks like when you manipulate money and

20:11

seeing people manipulate languages a little bit

20:13

harder but we've gotten in the last couple

20:16

months several really good examples of

20:18

what it looks like when the rules of

20:20

the game are actively changing when

20:23

when languages community is is manipulated

20:26

this way when money is manipulated this

20:28

way people are unable

20:30

who can make decisions and to plan

20:32

because the signals that and language

20:35

or providing are being obfuscated by government

20:37

that's obfuscating intentionally and

20:40

so you have the system in

20:42

which people are regularly hurt by these

20:44

policies without really understanding how

20:46

they're being hurt or that it's actively

20:48

happening on purpose to them the

20:52

hear them so with your organization

20:54

what is it that you're doing how are you trying

20:57

to help and

20:59

equip people with the tools and

21:01

what sort of policies are you trying to put in place

21:03

to slow this slow

21:06

this belief

21:08

so i think first

21:10

like on a on a very sort of broad

21:12

scale what i believe in and what

21:14

i do professionally stems from the idea

21:17

that the federal government is not going

21:19

to help you mitch

21:21

mcconnell is not going to wake up one morning and

21:23

say wow sound money

21:25

sounds great we should totally go back to that

21:28

nancy pelosi is not in taiwan right now the

21:30

talking to see it's talking to about how

21:32

we should restore sound rights of this

21:34

isn't this isn't going to happen and speaks

21:37

to like american generally as a whole

21:39

been a very reactive group

21:41

government itself is a reactive institution

21:44

or be for their just just a jumping year would

21:46

with this is the case all over the isn't

21:49

it i mean is there maybe there's an exception

21:51

is there any country at the moment

21:53

that uses found money or

21:55

that is still on the gold standard because as far

21:57

as i'm aware we just have a

21:59

the of see our

22:02

standards ranging from

22:04

quite bad to absolutely

22:06

terrible that's , i mean

22:08

i deal with the u s is one of the best

22:11

in the world in terms of currency

22:13

stability and lower inflation and even

22:15

that is a a not great

22:17

but not yeah i'm from uk to the pound

22:19

is same thing's happening with the found same

22:21

thing is happening with the euro all of them

22:24

all of same thing everywhere unless there's an exception

22:26

i mean i know i don't think there is an exception

22:28

but i think there's worth it's worth noting that like

22:31

you mentioned the us is probably the

22:33

one of the highest you know most well

22:35

respected quote unquote central

22:37

bank be a system set exists today

22:40

that the reason that exists strongly as not

22:42

through any benefit of the the us system itself

22:45

but rather from the privilege that comes with

22:47

being a reserve currency and being able to weaponize

22:49

monetary policy to hurt your friends

22:51

or to help your allies it's not that the dollar

22:53

itself is all that great it's that america

22:56

has largely been a bully

22:58

for decades and

23:00

strong and so did these systems a

23:03

lot of these systems are based on

23:05

the american dollar that use the american dollar

23:07

to transact and so yeah there's yeah lot of

23:09

leverage their for their

23:11

for for america to

23:13

the to sort of position yourself position

23:15

themselves as they

23:18

you know global monetary leader but

23:20

that's not because the money itself is

23:22

any good it's because of everything else the

23:24

weapons the the resources that it's

23:26

that the position in in world

23:29

history light and so like the money itself

23:31

is not necessarily something to to

23:33

be super excited about and so

23:37

the federal the the answer is not going

23:39

to come from the federal level and i think understanding

23:41

that there's a big of this but

23:43

that doesn't mean that there are things that you

23:45

and i could do or that there are things that individual

23:48

states can do to help mitigate

23:50

some of this damage that has largely coming

23:52

from the federal level you can adopt

23:54

your own gold standard you know do

23:56

what you need to do to protect your loved ones

23:58

and your family with the understanding

24:00

that were in an inflationary environment

24:03

and it doesn't look like it's going stop anytime soon

24:06

so can thump are chest and bag that

24:09

the politicians on capitol hill to please fix

24:11

this problem for us but i

24:13

don't think that's like an effective or i

24:15

had a good use of time as

24:17

, what i largely do what we do is

24:20

on the state level and all of

24:22

this is simply removing the disincentives

24:24

i have a not asking

24:26

for federal government or est to

24:29

you reince

24:31

to the gold standard or to declare

24:33

bitcoin or of gold and silver legal tender

24:37

the misunderstands the

24:39

point as mean especially the case of bitcoin

24:42

this the whole point is this so that

24:44

it's a government or it's a money outside of the

24:47

money that cannot be manipulated so going

24:50

from state to state and state and around d c

24:52

asking politicians you know please

24:54

approve my new money my my my

24:56

anti government money i'd really appreciate it if i

24:58

had the government stamp of approval which is

25:00

all legal tender that it's made up

25:02

designation that gives

25:04

non monetary yeah gives

25:07

monetary properties to non monetary assets

25:10

said , bit sad legal tender is

25:12

justice this up thing and so asking

25:15

the asking begging the feds or

25:17

the stated to

25:20

accept your new money sort

25:22

of misses the point but that

25:24

isn't to say darn things that states can do so

25:26

for example there's several states here

25:28

where if you buy precious metals if you buy gold

25:30

coin a silver coin you're going to hit with

25:32

sales tax on that and then when you sell

25:35

it you're gonna get with capital gains tax on the

25:37

state and federal level and

25:39

so they're all of these disincentives

25:42

to the the friction into

25:44

getting into an out of of gold and silver

25:46

and and bitcoin for example taxation being

25:49

one of those main , frictions

25:52

, in several states there

25:54

a lot of really onerous laws about like we

25:56

them harassment laws were if

25:59

you're a deal state trying to sell coin

26:02

and , walk in you want to buy

26:04

a coin for me i'll also

26:06

you the coin but i'm gonna take down all your information

26:08

your your information your skin your eyes

26:10

your your facial hair any noticeable

26:13

features and then i'm

26:15

going to upload all this information into

26:17

the local police the

26:19

the local police database and then they will

26:21

hold on this information and they can use it or

26:24

not use it as they see fit that's

26:27

all of these all of these you

26:29

know they essentially become get

26:31

they carry water for the feds the the

26:34

similarly to what we've seen in other

26:36

cases the fed like

26:38

to impose that regulations

26:41

are rules on states or individual businesses

26:44

to be the bag man for what the feds want

26:46

to do you know cove it as a good example of where's

26:48

you know good this the fed said visa

26:51

the policies this is how you have block down this

26:53

is who and who is not allowed into

26:55

a restaurant and then they

26:57

were relying on the sixteen year old hostess

26:59

working at the

27:01

to enforce

27:03

these horrible rules that

27:05

many times like i come on

27:08

you can't joe biden cannot ask that

27:10

the high schooler working part time at restaurants

27:12

to enforce that cove a lockdown

27:15

rules just it is

27:17

a moral failing man so

27:19

like there are there are a lot of different ways

27:21

in which the the feds rely on states

27:24

or individuals or businesses

27:26

who

27:27

who

27:28

the rollout what it is that the feds are trying

27:31

to do and ,

27:33

the so that's kind of the you just call them the feds because

27:35

it sounds a gang which is what what are

27:37

as are affects definitely

27:40

not that either as rothbart that's

27:42

as that's a answers

27:45

were i'm repeating the hits and

27:47

ours is a very easy laugh because the it for

27:49

easy puts it in the right context goods course

27:51

if you are if you were to swap that word out with like

27:54

you know any sort of gang name or masih

27:56

and on the esa

27:58

and certainly

28:00

you

28:01

the the the point or the goal

28:04

is not too

28:06

get the government state or

28:08

federal to to accept or to restore

28:10

some money it's to get the feds

28:13

in the state out of the way let

28:15

people interact let people transact let

28:17

people do save in in the

28:19

methods in the ways that they want to save

28:22

like ultimately that bleeds that

28:25

leads the government of power this power this

28:27

reserve noticed such a powerful instrument that

28:30

the the sad and the federal reserve users

28:33

are you the feds and the federal reserve

28:35

used to to

28:38

hopefully are in their eyes to the

28:40

end up with different

28:42

results then so it's it's a tool of manipulation

28:45

we can give a little here to our allies we can take

28:47

little here from our enemies are we can impose

28:49

this tax or restriction here

28:51

or there and so it's a it's a tool

28:53

of control and so by allowing

28:56

gold bitcoin whatever

28:58

it is allowing those to compete

29:01

in offering be the possibility of competing currencies

29:04

a single seat like i'm not i'm not

29:06

even necessarily talking about me and you man

29:08

i'm but there's a reality to like

29:10

there are poor people struggling all around the world

29:12

that non sound money

29:15

that fi out money that this

29:19

allows and empowers these

29:21

systems that hurt people in a massive

29:23

wars throughout the country these inflation

29:25

rates like they're actually people stare

29:27

actual people suffering at the end of all of this of

29:29

this you know some sort of a

29:33

p h d exercise in

29:36

in theoretical economics right in

29:38

there is no level of like oh if we just

29:40

keep tweaking are recession or season are

29:42

regression we're going to get we're

29:44

going to the answer right and then all of sudden everyone's

29:46

going to be rich and happy and that

29:48

that that how the world works

29:52

you that so , is it that

29:54

the average person doing i'm sure there can be people

29:57

to this thinking okay wells this

29:59

gonna sock

29:59

and they're feeling the pain

30:02

of the inflation in the recession

30:05

and they're going to be wondering okay well

30:07

what do

30:08

what do i do what we the people

30:11

do

30:12

we don't control the money

30:14

system at the federal level we

30:17

even control much at the state level

30:19

and are we to pet regardless of whether someone

30:21

is i mean it's it's hard enough in the usa but

30:24

people who are

30:25

outside of especially in developing countries what

30:27

can people actually do

30:29

the start taking some of that power back

30:32

i think a lot of it is like i mentioned it's

30:34

it's adopting your own gold standard it's

30:36

understanding the feds are not gonna and

30:39

so i'm

30:41

investing in physical gold silver trying

30:44

, to invest or save in assets

30:47

that you think will be able to was that are

30:49

withstand or yet withstand

30:51

some of inflation and that can be land commodities

30:55

and silver bitcoin all of these things and

30:58

so i think and like bitcoin is very exciting

31:01

as as especially as it pertains to third

31:03

world countries are emerging markets

31:05

where you , in nigeria

31:08

for example you hear hear know

31:10

women's groups that are that bitcoin

31:13

, crowdsource or

31:15

big projects against police brutality

31:18

for example because you can't use you

31:20

can't use that the currency use the

31:22

land to to fight

31:24

against the government that doesn't want you fighting

31:26

against them against hong kong

31:28

we're seeing a lot of that as well you've got people

31:31

that are fighting up against us government's bank accounts

31:33

are being seized assets are being seized

31:37

and so the things like bitcoin and things that operate

31:39

outside the traditional financial

31:41

system work they serve as a

31:44

for these people in many cases canada

31:46

being another great example of protesters

31:50

waking up morning and finding that they've been financially

31:53

others that suddenly oh

31:55

trudeau just unilaterally decided to take

31:57

all our stuff would he means

32:00

screaming rates it's infuriating and

32:02

it speaks to the need it speaks to

32:04

the need for trust lists these

32:06

are institutions that don't require

32:09

a good or a normal person in charge

32:11

in order for them to be working properly and

32:13

standards gold standards like bitcoin a really

32:15

good in that reduce trust i

32:18

don't need jerome powell

32:20

to be an austrian economist and

32:22

to understand kantian effects for

32:25

him i don't i don't need for him to understand

32:27

that if there are the guard rails that keep

32:30

him within you know operating within

32:32

a certain degree of of monetary

32:34

policy but there's nothing in the way of

32:36

restraint there and

32:39

so i have to trust jerome powell

32:41

i have to trust yeah yeah and i have to trust

32:43

your biden because these institutions hinge

32:46

on trust so the answer

32:48

is not necessarily voting

32:50

the right person into office

32:52

or

32:54

the

32:55

the

32:56

allowing that the next smart

32:58

phd to come out and and head

33:00

the federal reserve that ultimately

33:03

can't be what the answer is the of the answer

33:05

has to be screening institutions that don't

33:07

rely on that

33:09

yeah it's a big

33:12

the big uphill battle i mean it's interesting because

33:15

this is one of the areas in

33:17

terms of money where it seems that humanity

33:20

has gone backwards actually

33:23

that we the money we use now is

33:25

less sound than the money we used

33:28

hundred years ago or even a thousand

33:30

years ago in many cases which

33:32

is strange because normally were always

33:35

improving wind technology

33:37

but in this case we've

33:40

we we had the opposite end it's something mean

33:43

it's mean it's a lot of people don't

33:45

no it because they don't

33:47

i don't know late when you when you start having

33:50

conversations about finances

33:52

and investing and eyes glaze over money

33:54

i the people i guess that's complicated

33:57

just gimme my dollars gimme my pounds given my

33:59

euros

33:59

people don't really even

34:02

with inflation i mean it a i think it's good

34:05

that people are talking about inflation

34:07

now i mean yeah was well it's a male

34:09

was trying to highlight and twenty twenty and twenty twenty

34:11

one is eventual consequence of

34:13

all the policies that people were advocating

34:15

for them and not very many people

34:17

were particularly interested in hearing

34:20

what i had to say they just thought i wanted i'm

34:22

everybody and their grandma's to to die of of i

34:24

yeah i'm an end on top of that

34:27

all of the experts were saying you were wrong

34:29

yes i am a positive over and over me

34:31

from kobe to economics to medicine and

34:33

to nutrition to have a specific pursuing

34:36

to ward off on and on and on

34:38

it is crazy arm and the with

34:40

the government as as well is that

34:43

when it comes to the gonna i think this is one of the only

34:45

institutions they might be a handful of x other ones

34:47

but is really one the only institutions

34:50

were number one the more it fails

34:52

the bigger it gets eaten and

34:54

also that people do not

34:57

lose trust and faith and that's

34:59

one of the strangest

35:01

it'll it'll it thing as

35:03

on an individual level or even without

35:05

even without the company

35:08

with the exception of the

35:10

gods at pfizer in moderna and so on if

35:12

you if you are

35:14

caught constantly lying or

35:17

not,

35:18

doing what you said you would do or

35:20

having products that don't do what they say they're going

35:22

to do or it so

35:24

on people lose people lose trust in you

35:27

and after a while

35:29

that that trust is gone and

35:31

yeah if you've got a con man whose out

35:34

a city and he's genuinely just

35:36

just conning people righty selling people fake

35:38

goods he things that that

35:40

blow up when you plug the man or whatever it is

35:43

you can do that for like a short time and and

35:45

very quickly word gets around hey guy's a con

35:47

man you can't him don't buy a stuff and

35:50

a any fails he doesn't become more

35:53

powerful and people put more trust

35:55

in amman people expect him to be the one who's to

35:57

fix everything but that's what seems

35:59

to have

35:59

with governments and that's how they've even become

36:02

so large and

36:04

overreaching overtime and as just more

36:06

and more and more laws i mean no one can even

36:09

nobody in any in any developed

36:12

country even knows even knows what all the laws

36:14

are you you can the only about

36:16

we shouldn't yeah you shouldn't need

36:19

i don't know i feel like you used need a couple dozen

36:21

laws and most

36:22

the

36:24

the like three or four like very

36:26

basic ones and then maybe up

36:28

a dozen or two that are a little

36:30

more specific end in death

36:32

what we've done we've just got bow

36:34

i don't know i would love someone it actually tell

36:37

me how many laws

36:38

exist within a country like the usa

36:40

dial yeah it it must just be

36:43

it wouldn't shock me if it's tens of

36:45

thousands one hundred thousand plus

36:47

and similarly the tax code is equally

36:50

as convoluted and made

36:53

it takes and that's that's part of it right

36:56

like need in order

36:58

to understand this really convoluted

37:00

system that has been built because it's not like

37:02

america or it's or it's or governments

37:04

past the function this way know just so happens

37:06

this is a system under which we live the

37:09

end it is it is literally impossible

37:11

you need a masters in accounting

37:13

and you need a law degree in you need to

37:16

genome ethics in philosophy degree you need

37:18

all of them you need old on just understand

37:20

the rules in that in the place in which you live

37:23

which is it is mind blowing the

37:25

nantes so i think what

37:28

you were to saying they're about trust

37:31

and i think this think this i think

37:33

harper touch is this a little bit in

37:35

his democracy the god that failed

37:37

is this idea that democracy

37:40

fails in part because

37:42

this system in which every two years

37:44

every four years people can say oh no

37:47

this was no good will to bring in the next guy

37:49

and he'll it for she'll fix

37:51

it and so it's just a constant absolved

37:54

shin the constantly absolving

37:57

one politicians because the ideas

37:59

out there

37:59

good to get him out who cares and will get will get a

38:02

good one next time and it

38:04

the individual have any so responsibility

38:07

they had for who they chose to vote

38:09

for

38:10

for example a trump biden is a good example here

38:12

of you know countless people came out

38:14

said hey i'm not voting for biden i'm voting

38:16

against trump

38:18

fine

38:20

but the reality is

38:22

three years ago

38:24

americans were lot better off than they are today

38:26

embarrassed about every discernible metric

38:29

the which isn't to say that trump

38:31

is really good great or that biden is necessarily

38:34

really horrible but like this

38:36

sort of back and forth and like becomes

38:39

closer to sports right you're rooting for

38:41

your team and then

38:43

when your team wins yeah my team's the best

38:45

when the other guy team wins oh man

38:47

those guys at worst they cheated day

38:50

and , it it becomes a

38:52

closer to community cedar

38:54

than any sort of like system of

38:58

what do you think would be a

39:00

better option because

39:03

democracy as it currently stands as yeah

39:05

i know that usa is technically a constitutional

39:07

republic as people like to say i'm

39:10

but with this concept of democracy i think it's interesting

39:12

because it's very much a it's

39:15

an absolute sacred cow i mean if you live in

39:17

a western country the idea that democracy

39:20

is not absolutely

39:22

the best way of ongoing thing

39:24

at a yes it's sacred

39:28

then

39:30

there are there are some in many had hermit

39:32

there are many flaws with as of which we have discussed bus

39:34

the question if courses well what's the alternative

39:37

is so i mean in your mind

39:39

if this were not the

39:42

you said this this of doing things this sub optimal

39:44

with avenues back and forth every every

39:46

couple years and it just becomes very tribal

39:48

in the ping pong ball bounces back and forth

39:51

and nothing really gets it moves forward what

39:54

do you think would be in theory

39:56

or in practice a better says

39:58

first i

39:59

the it

40:01

i would ask you or whoever is to whoever

40:03

is asking me how you define

40:05

better right so like okay

40:08

at least in in the austrian school subjective

40:11

value is at the crux of of

40:14

the entire understanding of the world right human

40:16

beings act they rationally

40:19

they

40:20

use their ends to achieve

40:22

desired means an end

40:25

and that's what rationality is and that's what subjective

40:28

, is and so you know

40:30

i think importantly

40:33

it's about choice it's about the voluntary

40:35

system in which you know you choose

40:38

or if you to leave you can leave but

40:42

you know this for example you

40:44

never sign the constitution the social

40:47

contract theory is is you know a made

40:49

it's fiction you don't you

40:51

have no obligation to i

40:55

don't a maybe your family your closest friends

40:57

but the idea that know you're in

40:59

d c right now

41:00

and you i think would call yourself

41:02

what at a conservative commentator

41:05

conservative libertarian or however you wanted

41:07

to file ever however seat or want to call me earlier

41:09

yeah yeah so however you wanted to find that and

41:13

you note so you're in d c right

41:15

now

41:17

is you know the a

41:20

a a trans woman in

41:22

portland right now with a

41:25

very successful only fans

41:27

that is very heavily tattooed

41:29

and and body modifications and to

41:31

live their life in a way that

41:33

is completely with maybe

41:36

you or maybe me or whoever

41:38

it is and so be

41:40

be ideas i

41:42

don't necessarily want that person speaking for me

41:45

they probably don't want me speaking

41:47

for them what

41:49

is this arrangement in which like from

41:53

thousands of miles apart were

41:55

forced to collectively be it

41:58

doesn't it doesn't make sense and

42:01

so you hear you know the soft secession

42:03

on national divorce then

42:06

i think ultimately ultimately i think all of those things

42:08

are what will happen and

42:11

i think all those things happening or

42:13

happening net benefit to the world

42:16

we live in because the

42:18

point of doing those things is to

42:20

avoid the civil war is to avoid the

42:22

the larger and so breaking

42:24

up you if

42:26

the my girl from want to break up

42:28

now and and do it kindly or we can wait

42:30

ten years the were at each other's throats and and

42:32

wanting to kill each other in other sleep you

42:36

it doesn't it doesn't make sense to continue to

42:38

see that world views

42:40

the multiple world these because it's not just to this isn't

42:42

the binary dichotomy think there

42:45

are three hundred and fifty million people in

42:47

this country so far as concerned

42:49

they're three hundred and fifty million countries like

42:51

an individual as a small minority and settlers

42:53

right

42:54

right right as

42:57

a real and fifty million over the

43:00

reality is

43:01

you and i right now are are are

43:04

in an anarchist relationship right

43:06

you choosing to be your willingly i'm choosing to

43:08

be your willingly and there's nothing compelling

43:10

us are forcing us to to interact with people

43:12

that we don't like or we otherwise wouldn't want to interact

43:15

with and so like

43:17

having having a government come in

43:19

and tell you know you have to play nice with these people or

43:21

know you have to do this with

43:24

i don't believe that's legal or moral

43:26

or or in

43:27

fish and or an ethical

43:29

use or power of government let

43:32

people break up ideally you

43:34

know people choose people choose the way they want

43:36

to live their churches their schools they're grocery

43:38

stores are there bars let

43:41

them decide those things with the understanding

43:43

that there doesn't have to be

43:46

a

43:47

one size all for three hundred and fifty

43:49

million people i

43:51

mean i would say that the usa

43:54

has done a a

43:56

better job than any other place

43:58

or time at doing that

44:00

mean

44:02

as far as liberty goes people

44:04

have lot of freedoms here

44:06

yes in terms of

44:09

the governance structure there

44:11

are things that people can vote on in this

44:13

place in that affects the other person and on so forth

44:15

but i mean

44:17

outside of truly

44:19

anarchy system i don't know if that is what your

44:22

necessarily advocating if

44:24

it is i'd be curious to how you think

44:26

it would sort of work at work at a deeper level

44:30

it without that far where is that

44:33

where's that balance what should the government

44:35

be doing we think we've talked lot about what

44:37

it shouldn't be doing but if it is to exist

44:40

what should it be doing do you think

44:42

so i think there

44:44

are a couple of different the

44:46

council here so for example the the men

44:48

are guest sort of believes

44:50

that i think it's courts

44:52

army and police and

44:54

government should not do anything but these

44:58

really small slivers of

45:00

publicly provided good good on

45:02

about him at what about immigration about

45:05

immigration i think as

45:07

far as that the mint artist belief that

45:10

fall under like police and

45:12

welcome police and army of

45:14

what i hear that and i hear

45:17

add and political system that

45:20

the wants to put

45:21

wants to to completely read the government

45:23

of all power except

45:25

for the three most important things

45:27

that they mess up worse than anything said

45:32

, that doesn't add up to me this

45:34

that makes opposite sense if anything's

45:36

give them everything else let them

45:39

let them decide lima beans and some strings

45:41

and all of these lessons you know i'd

45:43

rather them that and mess that up

45:46

mess mess up policing or mess up wars

45:48

they're very they're very good at doing that

45:51

so i'm

45:53

but what me personally i think like i mentioned

45:55

right we're we're a city or it as a

45:58

country

45:59

full of sovereign

46:02

sovereign individuals that you know if

46:04

you believe in if you believe

46:06

in god that you know that your rights

46:08

were your rights were given

46:11

to you by a higher power if you don't believe in god

46:13

you're right served as part of us as us as

46:15

of your humanity but in either

46:17

case the government is not

46:19

one i think to decide or

46:21

to rule on on what

46:24

we can and can't do so i guess that

46:27

that kind a a big broady answer

46:29

but

46:30

again with the with the i i i i get

46:32

we're saying i mean i lean libertarian myself

46:34

but you know i often wonder is

46:38

when we say because often times people

46:40

say statements like

46:42

the government should and tell us what we can again

46:44

do

46:47

which

46:48

on one level i'm like yeah

46:50

on another i'm like well that's silly i mean

46:52

of course we we need we need some

46:54

loss or i need a there's the obvious

46:57

things you know not not murdering her to learn

46:59

stealing their rate raping assaulting

47:01

and so on

47:04

it's just i think i think the biggest question

47:06

of politics really

47:08

for a lot of people is

47:10

the often

47:11

where should the line be drawn and

47:14

who draws those lines is

47:16

it added

47:17

an individual level or community

47:19

level the state level of federal level

47:23

and where exactly are those lines

47:25

because there are things that can

47:27

her an impact people are hurt

47:29

and impact society that go beyond

47:32

very obvious things like theft

47:34

and murder and rape the right there

47:36

are there are other things that can

47:39

you know what about fraught what about fraud

47:41

what about slander and libel

47:44

what about counterfeiting

47:47

what about counterfeit goods what about

47:49

you know there are there are many there are many different

47:51

things so different think this is

47:53

also why governments

47:55

and laws have this tendency to just grow

47:58

is always like well

47:59

always another been into right what about that

48:02

is not what about got about regulation

48:04

what about on if someone wants to a hotel

48:06

or build a residency

48:08

that should there be some government oversight

48:11

that make sure that it's

48:13

set in case there's a fire and that if

48:15

the electricity and wiring is done properly

48:17

and this the supports a ride in zoc going to

48:19

just collapsed because you

48:21

know there there can be some cowboy contractors

48:24

who are just put up put a building and

48:26

they don't do what they're supposed to do

48:29

and people suffer

48:31

so i think what

48:33

what you were just saying there that at

48:37

it it's almost less a question of what

48:39

is cited and more often a question

48:41

of who gets to decide which is where

48:44

power really lies and i think so

48:46

for example things like rape murder

48:48

that the big sins

48:53

i i personally don't

48:55

do any of those things the

48:57

reason i don't do them isn't because they're codified

48:59

in a book somewhere in my state capital

49:02

right there's like i'm a real morality to how

49:04

one chooses live their lives and

49:06

there's a reality to like there

49:08

are those laws the that stop

49:10

people from murdering and raping

49:13

and stealing those laws already exist

49:15

and

49:16

that doesn't stop people from breaking them i

49:19

mean all of these things still exist today

49:23

though so maybe that speaks to like

49:25

how this level insert it certainly

49:27

helps the law having the lawn

49:29

hand una sure absolutely

49:32

yeah yeah and i'm so at which isn't to

49:34

say that there be laws

49:37

at but i think that

49:40

you know their cases in which there are laws

49:42

that are not necessarily compatible with human liberty

49:45

or or as freely and joyfully

49:47

as as would hope to and

49:50

so your answer there is to create

49:52

a system in which like if you don't if you

49:54

don't like these you can score somewhere else

49:56

but with your feet you can leave cove it is a

49:58

good example of that one good example

50:00

on that tax rates as a good example on and

50:03

we're seeing it happened right legacy people

50:05

are fleeing florida originally

50:07

from new york people are fleeing from california

50:09

to places like texas and florida

50:13

though like

50:15

the notes should should there be rules

50:17

absolutely and i that

50:19

you know you can you generally need

50:21

rules but i think that one

50:25

allowing people to

50:27

choose where they want to i

50:29

think generally most people will gravitate

50:31

towards a system in which there isn't any

50:33

murder or there isn't theft and there isn't

50:35

right

50:37

i don't i think stocks are sorted it started jumping

50:39

i mean i feel like what what's

50:41

being described is what the usa already

50:43

has

50:44

in what way

50:46

then i mean you can move if you don't if you don't like

50:48

how california's see the movie if you don't like

50:51

new york city as you can move like people have already

50:53

have this freedom of movement

50:56

freedom of speech and freedom of association

50:59

your of course there there can be

51:02

emotional and financial and

51:04

practical logistical ,

51:06

and i don't know how you'd avoid that

51:09

that being the case unless you want to finance

51:11

everyone to go want which is

51:13

gonna create gonna whole host of other problems in am

51:16

in guess my question be what would be changed

51:19

the way it currently as because i think what was

51:21

just described there is the us

51:23

has and one thing that actually makes the u s a special

51:25

and that you have fifty stay options

51:28

would you don't have in most countries is that really

51:30

works in the uk to leave the new kid

51:32

as napster while you get enough states like a bouncer

51:34

but like with uk passport you can bounced around between

51:37

the the different the countries often

51:40

you get yeah yes right fisher

51:42

and i'm when it were an emmy if you're you're in

51:44

europe you've got all of europe i mean again within

51:47

the euro zone then you know if you're

51:49

from in france and you want to move to germany mechanic

51:51

in germany want to move to portugal

51:53

you can't pleasant you don't even need a i

51:55

don't even even a that

51:58

already

51:59

the

52:01

the i'd be like that that that large he already

52:03

exists i and most people don't take advantage

52:05

of it by the way yeah you're like

52:08

me what i do doesn't add anything it occurs to most people

52:10

to like

52:11

base their life on

52:14

you know designations of freedom right and i

52:16

think largely most people wake up in the

52:18

morning to go to work there worry about paying their bills they

52:20

come home go to sleep and they do it again and

52:23

, like questions about gender

52:26

questions about drugs questions about

52:28

damn good on recessions

52:30

or whatever the average american is not

52:33

wasting their time or are bothering thinking

52:35

things like this and so like so i

52:37

think are important part to to what you're saying

52:40

is this belief that i have that

52:42

the federal government is largely you know a

52:44

pointless institution with that doesn't really get anything

52:48

i believe that that's true but

52:50

the the actionable part of that

52:53

is to participate in

52:55

bodies that are smaller and fab

52:58

will actually affect you so

53:01

i'd , now i'm in in

53:03

i'm in boise idaho and

53:06

you know so dc is what three thousand miles

53:08

away right now

53:11

i think if i were looking to enact change

53:13

if i were wanting to a difference

53:16

i wouldn't be lobbying for can be seen

53:18

right would come and look i would come to my community

53:21

and not even necessarily using the political process

53:23

but just look at your community and see how you can serve

53:25

community better so people

53:28

spend an inordinate an inordinate

53:30

amount of time thinking

53:32

about politics spending money about paul

53:35

spending money on politics and arriving entire

53:37

identities from politics for and

53:39

what i'm saying is if cared more about

53:41

your loved ones and your communities and you work to

53:43

make yourself the best person can be over

53:47

spending time on you tube listening to

53:49

elizabeth warren era about

53:51

bad because regulations or listening

53:53

nancy pelosi do this or that i

53:55

think you've generally will be one more robust

53:58

as robust as being more well rounded

53:59

and happier oh of course without

54:02

note note up with that led to the depression

54:05

that comes with these institutions that

54:07

don't serve mere

54:09

no no their no debate there

54:11

at all i mean and big pharma message

54:14

so think like going back to

54:17

being an active participant in in

54:19

your state legislature where you can actually enact

54:22

change so

54:24

important as to why like what sound money

54:26

does you know that this the federal level

54:28

it's it's gridlocked it's a swamp you're

54:30

, gonna get changed their but there's

54:32

a reality to state

54:34

politics in the air state in that

54:37

like these are not big offices

54:39

these are not offices that are insulated

54:41

from people so

54:44

when you get a call eight when you get

54:46

twenty calls into one state legislature

54:48

that switchboard lights up they don't know

54:50

what to do they've never had that

54:52

sort of grassroots pressure they've never heard from people

54:54

because generally people don't participate in

54:57

their state legislators in their state yeah

55:00

there's a famous quote from up a

55:02

former politician a senator out of illinois that's

55:06

when i was it on

55:09

when i feel when i feel the heat

55:11

i see the light

55:13

which isn't idea that like

55:15

you i i need to feel heat

55:17

in order to see the light i'm not going politicians

55:20

are not going to proactively bad

55:22

take up the issues that we care about you

55:25

have to force them you have to they're knocking on

55:27

the doors making phone calls that

55:30

the having the having that of level of potential

55:32

change is more

55:35

than in change will ever achieve

55:37

the fi

55:39

the and you're affecting your actual

55:41

community these are the people in your actual life

55:43

every day you know these are people

55:45

you have more in common with i

55:47

have more common with a state

55:49

legislator here in idaho than

55:52

i do with nancy pelosi or

55:54

you know any any of these

55:57

big name bc beltway

56:00

the kitchen and so

56:02

it just

56:03

controlling what you can control inside yourself

56:06

and inside your community your city

56:09

and , that protects loved ones i think this is

56:11

a much much moral

56:14

and meaningful fight then

56:17

i spending your time trying to fight dc and

56:20

your present i agree with you jp

56:23

mm it's been so good to talk

56:25

to you tell the listeners where they can

56:27

find and follow you online yeah

56:30

man been great thank you for having me a so

56:32

are you can find me on twitter at jp cortez

56:35

to seven m and

56:37

and money defense dot org is the website

56:40

my on there as well j p dot cortez

56:42

at sound money defense dot org i'm

56:45

and so yeah anyone or anyone listening

56:47

right now i'm available to to chat

56:50

any time if anyone wants to run any policy in a

56:52

state that is not good

56:54

on the sound money issue please

56:56

reach out a you know several of our state

56:58

projects that we have passed have

57:00

were born with a concerned

57:03

citizen that reaches out and says hey

57:05

i know i i see on your list

57:07

of a on your index and or your scorecard

57:10

i see that my status really bad at this can

57:12

we work together to introduce and pass them legislation

57:14

and there have been several projects that that started

57:17

and ended that i'm so if

57:19

if anyone's listening if anyone has any a

57:22

any particular concern or in

57:24

, wants to carry legislation like this

57:27

please reach out i'm anytime awesome

57:30

jb cortez thank you for coming on the show

57:33

blogger

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