Catherine Austin Fitts: Missing $21 Trillion, Corruption, Breakaway Civilization and Control Grid

Catherine Austin Fitts: Missing $21 Trillion, Corruption, Breakaway Civilization and Control Grid

TRANSCRIPTION:

(0:00:00)  The federal government has been operated as a criminal enterprise on a financial basis. Period. Way outside the law. It was enough money to fund a separate civilization. Our plan had been to win the proxy war by hybrid war in the Ukraine, get a hold of the Russian resources, and maintain our hegemony against China in a unipolar model. Guess what? We failed. The current administration was put into place by the bankers. 
(0:00:29)  to get the control grid accomplished. Trump can only do what the bankers want him to do. Do you want a global mafia or the Federal Reserve, which is still under the powers of Congress? 
(0:00:51)  Hello, everybody, and welcome back to Reinvent Money, a podcast about money and power. Back on the show today, a former Assistant Secretary of Housing and Urban Development in the George H. Bush administration and founder of the Solar Report, Catherine Olson-Fitz. Welcome back to the show, Catherine. Hey, Paul. It's wonderful to be back. I love you. I love your company. Thanks so much. Yeah, last time we actually recorded at your place in Friesland, a wonderful location. 
(0:01:15)  This time we do it online. Looking forward to catching up with you because there's just so much going on and we cannot possibly discuss all the major events in one podcast. So let's just focus on two things that are near and dear to you. On the one hand, I would like to discuss the black budget with you because you've been writing about that for so long. 
(0:01:34)  Every year, billions disappear from the U.S. budget into a black hole. Actually, it's trillions. It's trillions that disappear. Trillions. Crazy. Trillions. Yeah. And so I was wondering if Doge, Musk, and his ilk can actually shed some light on the black budget and whether we can find out what's going on there. 
(0:01:53)  What do you think that's not going to happen? So that's one topic. And the other topic is the CBDC because you are very skeptical and you find CBDC a very dangerous prospect. Then Trump is also against CBDC. So I was wondering, how do you resonate with that? He's unbelievably pro-CBDC as long as it's privately owned and controlled. Exactly. The stable coin. So, yeah. 
(0:02:17)  So let's discuss that too. But let's first talk about the Black Budget. Could you first explain to our viewers what exactly is the Black Budget? So the Black Budget started at the end of World War II with the 47 and 49 Act in the United States, where a process was set up to fund a secret infrastructure for highly classified projects by the military and intelligence. 
(0:02:43)  And at first, there was money that was seized at the end of World War II, and that was a portion of the funding. But there were also ongoing activities, including clawing money out of appropriations made to other agencies that was used for black projects. And you had one congressional committee which would oversee the quote-unquote black budget. And as that money grew and then was made eligible for providing contracts to private corporations, so bringing private companies in, 
(0:03:12)  to do these highly classified projects and pay for it from essentially issuing treasury bonds and borrowing money. You know, you created a direct linkage on classified projects between the ability to borrow as much as you wanted globally and the stock market. It's the only way I can describe it, the securities market. And so the black budget grew and grew. And then something happened. We had a budget deal in 1995. There was a big effort by the central bankers to get the U.S. 
(0:03:40)  governmental process on a more balanced budget and a financially responsible trajectory with respect to retirement savings. The budget deal exploded. The government shut down. There was a big fight. And as later described to me by the head of the largest pension fund in the country, we've given up on the country. We're moving all the money out starting in the fall. 
(0:04:01)  And that was the fall of the, it was October 1997, the beginning of the 1998 fiscal year, when literally trains of money started to disappear. And by 2001, there was $4 trillion missing. 
(0:04:16)  And on September 10, 2001, Donald Rumsfeld, secretary of DOD, which is one of the agencies where the majority of money was going missing, got up and did a press conference and said there's $2.3 trillion missing from the Department of Defense. And I was working with a reporter on a story that was going to publish that Friday, a cover story going for, you know, gratis to all the Senate and congressional desks, explaining about all the money that was disappearing from the federal government. We called it the missing money. 
(0:04:44)  And I made the mistake of saying to the reporter, nothing will stop this story from going viral. And then we know what happened the next day. And what happened the next day is several buildings holding all the records of that $4 trillion got blown up. And we were off to the races with great appropriations in the war on terror. But the money kept going missing, missing, missing. I kept covering it for many years. And so a process began. The largest amount that went missing in any year. 
(0:05:14)  It was in 2015, $6.5 trillion. And a professor from Michigan State University heard me talking about it and said, you know, what can I do to help? And I had him and his students do a survey of DOD, the two agencies where the majority of money had gone missing. And he came back and found $21 trillion missing. I had it up to $12 trillion, and he increased it by $9 trillion. 
(0:05:41)  you know, what everybody says, well, where's the money going? And we can engage in conjecture on that. But clearly, part of the problem was that trying to finance the black budget and a whole parallel universe of sort of weaponry and intelligence and military infrastructure was getting more and more painful. When 9-11 happened, they passed the Patriot Act. That made it much easier to get on-budget money into the 
(0:06:09)  black budget, but it kept ballooning. And literally the way some of us describe it is it was enough money to fund a separate civilization. You know, essentially people say we can't operate within this democratic machinery. We have to fund and build a secret infrastructure outside the government. So we called it the Breakaway Civilization. And literally, 
(0:06:33)  You know, you funded a very significant infrastructure. And one way of looking at what's happening now is the breakaway civilization is breaking back in. And how does it manifest itself, this breakaway civilization? How can we recognize that? How is it being built? So, for example, three years ago, I sat down and I spent two years with one of the best. 
(0:06:56)  researchers I know, and we tried to estimate how many underground bases there were just in the United States alone and in the oceans immediately outside of the United States. We estimated 170. And that, of course, is the platform for all sorts of activities that you want to keep secret, you know, including some of the things you may or may not be doing in space. And there was a wonderful group. There were two people at the Washington Post, I think. 
(0:07:24)  2010, 2012, that did a big study. They made a database of all the secret facilities and all the facilities that had been financed through the Patriot Act or after the Patriot Act. It was called Top Secret America. And you saw this enormous explosion of money going for these activities. And part of the thing to understand, Paul, is this explosion of secret and invisible activities. 
(0:07:49)  The money is not often spent productively, and you get an enormous corporate infrastructure, which is financially dependent on this money. And then you get huge lobbyists and constituents depending on this money. And the next thing you know, everybody's in the defense and the national security business, and everybody's making money from secrecy. And it was very interesting. I've had a couple of interactions in the last 20, 30 years with various groups. 
(0:08:16)  who inside the machinery decide, okay, we're going to reduce the secrecy. And they work through the different liabilities, financial liabilities, because you've transferred so much powerful technology, ownership of technology to private companies without reimbursing the taxpayers, or you've stolen so much money. They can't figure out how to let the secrecy down. 
(0:08:46)  And it's one of the things I think that's driving the administration and all the U.S. administrations and around the world to just go to a total control model where they say, you know, because their belief is democracy doesn't work. And so what, you know, and it's similar in most of the G7 nations, but I use the United States. We have the bankers who traditionally controlled monetary policy and then the people's representatives, the legislature that controlled fiscal policy. 
(0:09:15)  You know, taxation with representation, not without. And part of what happened after the deal in 1995 and why they started, I think, to have what I call a financial coup is they said, look, this doesn't work. We, the bankers, are going to take control of fiscal policy. And what we've been watching and part of what Doge is doing is the continual process of stripping away the civil service so the bankers control through corporate contractors. Right. And that's part of building the control grid. 
(0:09:44)  Yeah. So because on the one hand, you could argue Doge is, for example, bringing full transparency when it comes to USAID and they are trying to make it clear to the American public and the whole world, basically, how the money is being spent in the US on a government level. 
(0:10:00)  And they also were going to check out the DOD, right? Some of the expenses within DOD. But you don't think in the end, Doge could play a role in trying to uncover all these budget expenses? So let me, because we can make some things very simple. And this is something we can make very simple. So when the professor from Michigan State University, Dr. Skidmore, and I published this big study in 2017 saying there's 21 trillion missing, you know, of undocumented adjustments in the government. 
(0:10:29)  Of course, the question was, I was part of a group of people in the first Bush administration got laws passed saying you have to have audited financial statements. And the reason we know there's 21 trillion missing is every year they said we can't publish financial statements as required by law. And here are the undocumented adjustments, right? So they failed to comply with the most basic constitutional and legislative requirements of how we run. You know, the federal government has been operated as a criminal enterprise on a financial basis. 
(0:10:59)  Period. Way outside the law. So there was a big sort of hullabaloo in Washington whereby everybody, the Treasury, DOD, and HUD were dancing around about how they were going to, you know, explain why they couldn't produce audits for 20 years and how they were going to, you know, they keep saying, next year we'll do it. Okay, so the resolution of that big debate, Paul, was in October. 
(0:11:27)  2018. Do you remember when we had Supreme Court confirmation hearings for Judge Kavanaugh and America spent a week exploring the teenage sex life of Judge Kavanaugh? Do you remember that? Okay. During that time, interestingly enough, the Trump administration, the White House, and Congress, Senate, and House, Republican and Democrat, all got together and agreed to a little-known policy 
(0:11:57)  called Federal Accounting Standards Advisory Board Statement 56. How's that for a delicious electric entertaining headline? Okay, I call it for short FASB 56. What FASB 56 said as a matter of administrative policy agreed to everybody during the sex scandal that the U.S. government didn't have to obey the Constitution provisions for financial management. 
(0:12:25)  didn't have to obey the laws and regulations, and that a secret group of people, by a secret process that would remain secret, could take portions of the federal government finances and move them outside the financial statements in the budget process on a secret basis, not just for the 24 agencies, but for 150-plus governmental entities. And when you combine it with the national security classification laws, 
(0:12:51)  It also applies to the big banks and defense contractors and other contractors doing with the federal government. Now, let me explain to you what that means as a matter of financial disclosure. It means when I look at the U.S. bond market, whether it's the treasury bond market, the corporate bond market, or most of the large cap stocks, their financial disclosure is entirely meaningless. I have no idea what it means. Okay. Now, the first thing, if you're serious and you're a doge and you want to 
(0:13:21)  I think their number one goal is to cut current expenditures and try and help get the model back in economic balance. And we need to talk about the real issues that need to be faced and dealt with. And I think that's part of what they're doing. The first thing you would have said is, you know something? We're going to rescind FASB-56. Not a word. Go over to X. Everybody's saying, why aren't you doing anything about FASB-56? 
(0:13:49)  Why are you saying anything about the 21 trillion? Mum's the word. Okay. But remember, FASB-56 was done by the first Trump administration. Right. Right. Okay. So here's what Doge is doing. So one of the most important interviews at the beginning of the administration, Secretary of State Rubio gave an interview and he said, 
(0:14:14)  we're no longer a unipolar model. It's now a multipolar world and we have to adjust to a multipolar world. Okay. You're talking about an enormous change because we're taking the old Bretton Woods system that was adapted for the petrodollar and is now adapted to the debt dollar. And you're saying, okay, the revenues minus expenses don't work. We're running at an unacceptable trade and budget deficit. 
(0:14:42)  Our plan had been to win the proxy war by hybrid war in the Ukraine, get a hold of the Russian resources, and maintain our hegemony against China in a unipolar model. Guess what? We failed. So Trump's trying to put a happy face on, guess what? We lost, right? There's no happy face, but he's trying, and that's what Rubio's trying to do. Okay, so now... 
(0:15:09)  that you can't strip out and get cheap oil and gas and resources and commodities going east-west. What are you talking about? You're talking about Greenland, Canada, Mexico, the Panama Canal. You're talking about going north-south, right? But what you're trying to get the revenues back in balance and you're trying to get the trade. 
(0:15:29)  of the commodities you want and need to run the global empire back in balance. So you're asking Europe to pay more. So whether you're trying to get the revenues up or the expenses down, they're trying to do both. They're trying to recalibrate the model and any administration would have to do this. And one of their biggest problems is that one of the reasons the expenses have ballooned, you've been paying people 
(0:15:54)  to go along with what you're doing. So the American population is basically, here's your check, sit down, shut up, don't ask questions. And whether it's hiring a lot more people on defense contractors or giving everybody a check not to work, you know, the lack of productivity has gone up, up, up, up, up. And healthcare expenses have ballooned because everybody's sick. So your healthcare has gone down. Okay. So you have a whole layer of unproductive spending. 
(0:16:21)  But then you have a layer of corruption and the corruption is absolutely in the old model and the new model is off the charts. And and the problem is people who have been getting that money, you know, they have the ability to kill people. They have the ability to destroy you. They have the ability to, you know, I mean, their their covert operations capacity is enormous. OK, but. 
(0:16:47)  When you look at a group of mafia who are getting their cash flows cut and their security clearance is canceled, you know, they get very angry and mad. And so you've got a war going on, you know, but, and it's really funny because one of the latest Gallup poll charts, do you ever watch the Gallup poll charts? Sometimes, yeah, but not consistently. Okay, well, there's, the latest one says, 
(0:17:14)  The question is, is the country going in the right direction? And they're asking the Americans. And the Republicans go from saying 10 percent, saying it's going in the right direction. Trump wins and immediately rises to 68 percent. If you look at the Democrats, they're at 40 percent and then they dive to 5 percent. Yeah. So it's a huge spread. But if you I've been trying very hard to listen to each group and each group. 
(0:17:42)  is embroiled in lots of different issues. On some issues, they have good intelligence. On other issues, they're as stupid as a rock. It's frightening. But neither of them see the control grid being engineered and snapping into place. It's like they're both asleep to their real dangers. And it's frightening because the inability to compute 
(0:18:08)  and get a good map of what's going on, let alone what to do about it is, you know, I've never seen it lower in the United States than it is now. It's becoming increasingly difficult, of course, to understand what's going on because the world is getting so complex. 
(0:18:23)  But at the same time, there's more tools available right now than ever before to understand what's going on. But do you believe on balance that America is heading the right way after two months of Trump? Because I know you've always been skeptical about him and quite a few of his team members. You like a few others, for example, like Kennedy. But you've always been highly skeptical about Musk, for example. But do you think America is going the right way or is only getting worse from here? 
(0:18:52)  You know, if there's anything we love at Solari, it's freedom. So our tagline is actionable intelligence for free and inspired life. We want you to be free, right? That's what we want. And I believe you can't be free unless we're all free. So it's an all or nothing kind of thing. And so, and I believe in a world where you have free speech and relatively free flow of capital, that's where entrepreneurs solve a lot of the problems that plague us and people figure it out in their daily lives. 
(0:19:21)  So our focus is on sovereignty, individual sovereignty, government sovereignty and freedom. And I would say that the current administration was put into place by the bankers to get the control grid accomplished. The last group couldn't accomplish the control grid. This group is doing a remarkable job of implementing the control grid at high speed and marketing it. 
(0:19:47)  And I would say both the Democratic and Republican side do not see the digital concentration camps snapping into place around them. And it's shocking. Yeah. It's like a new technocracy, right? That's being... 
(0:20:00)  rolled out in front of our eyes? It's not technocracy, it's slavery. I mean, it's, you know, I think it'll have a different face and feeling in Europe than in the United States, but in the United States, we're talking about slavery. And we're talking about, you know, I have said that if you look at the, you know, one of the reasons we can get rid of USAID, 
(0:20:29)  is we don't need soft power anymore because with drones and robots and invisible weaponry and surveillance systems, you know, we can use hard power very cheaply and economically. And if you look at some of the things that have been happening in the United States with using hard power to basically kill people and take their lands, you know, this is very dangerous. Yeah. But at the same time, you do... 
(0:20:54)  favor smaller governments. So with Trump slashing Department of Education, like halving costs and also sending away lots of bureaucrats, it should make the federal government smaller. So that would align them with your view of more individual freedom. Is that correct? No, no, not at all. Because if you look at the control structures being put into place and the money being put behind them, you're going to have significantly less 
(0:21:24)  And it looks to me, it's too early to tell, but it looks to me like they're planning on leaving the control pieces of the U.S. government in place to control. So they're symbolically slashing certain costs, but at the same time, our freedom is being heavily reduced on other fronts. Right. And if you look at many of the things there, if you said to me, OK, go into Washington and. 
(0:21:48)  and dramatically reduce current expenditures in a way that's good for the country and healthy for the country, I would be reducing many of the same things, although I would be doing it in a way where it would stick and not attract court opposition. So, you know, the administration went in and said, we want shock and awe. And they're purposefully cutting. 
(0:22:15)  or illegal and causing great backlash in the courts. And the question is why? Why are they doing it that way? They clearly intend to do it that way. They want to do it that way. It doesn't have to be done that way. It can be done totally legally, quickly. You know, it's the difference between do you want to do neurosurgery with a scalpel or with a hacksaw? And if you're doing it with a hacksaw, I don't think you're planning on the patient to live. 
(0:22:43)  So they want the patient to die. And then with what goal in mind? Do they resurrect something? Well, here's my question, because a lot of what they're doing is focused on plunder. So from my guess, from what I can tell, and the best source of information, Wired Magazine has done a remarkable job of documenting and describing what Doge is doing with the IT systems. My guess is they're just taking the data. 
(0:23:12)  Right. They're just taking it and moving it into their AI. If you look at Musk's different companies, including the ones he's out in the market raising capital for, you know, you were systematically with firing the IG, firing the White House Ethics Office. You know, a lot of those IGs were at agencies that are doing investigations or regulatory actions against him or his company. 
(0:23:37)  If you look at, you know, a government special employee such as Musk is not supposed to be fiddling around in things that cause their business values and private interests to go up, you know, from everything I can see they are. But I also think they're literally just taking data and moving it into private AI. 
(0:23:55)  And that is going to be unbelievably good for whatever AI you move it in, because what AI needs to really build is very high quality data and government data and payment data is remarkable in that respect. Now, the Doge is making a great effort to persuade you there was terrible corruption in the systems and there is terrible waste or. 
(0:24:20)  And clearly, if 21Train is missing, you have all sorts of strategies to get that money missing. So I'm not trying to say that the old system was right, because there was a massive financial coup going on. But if you look at what Doge is doing, it looks to me like they are basically stripping data and privatizing it in the just-do-it method. Yeah, they're feeding the AI beast. 
(0:24:47)  With the ultimate goal, I guess, indeed, then to control society. Well, but if you have a server, a government server, that has data on it, which is subject to very serious privacy laws and national security laws, and you just bring in an external hard driver, slap it on, and then take it out? That's theft. But it's criminal. Right. It's criminal theft. 
(0:25:12)  And if it's helping your AI and you're out raising capital for that company's AI, you've got an AI, ex-AI as company, and you're raising capital at the same time, and the value of your market value is going up while you're raising stock, that's a violation of the laws related to government special employees. And if it's happening, that is a criminal violation. 
(0:25:36)  It's interesting to see how a lot of alternative media are sort of aligning at the moment with a lot of mainstream media when it comes to the risks and dangers of the policies being implemented at the moment by Trump and Musk and his other tech bros. So this is what makes it complicated. If you look at what needs to be done in terms of re-engineering the model, it's hard work. It's not easy. 
(0:26:02)  So if you look at what Trump is trying to do, it's not easy. And he is trying to do it. He is trying to change the model. Now, my concern is the big racketeering. So they stole, somebody stole the 21 trillion. Now we're stealing all the data. Okay. And the courts are pushing back. But the big steal is what Howard Lutton, the secretary of commerce described as $500 trillion of land and mineral resources owned by the federal government. So if you think the federal government has $36 trillion of debt, 
(0:26:32)  You know, that's pretty tiny compared to $500 trillion of land and mineral assets. And unfortunately, my concern is that this group of people is really looking to privatize and steal that. And we're looking at a group of people building up to the biggest land grab in history. So they're driving down the economy to the bottom in order to then seize the opportunity to buy assets on the cheap. 
(0:27:01)  Are they systematically? Now, if you look at some of the things that some, you know, so tariffs or other things the president is trying to do, he wants to move manufacturing back to the United States, you know, and you need the dollar to come down and you need, you know, a variety of reasons for it to be cost effective to move back. So I'm not saying he's necessarily doing those things to cause a recession. 
(0:27:30)  But if you look at a whole bunch of stuff that's going on, it looks to me like we're building up into, you know, a real potential reset down. So, for example, if you look at all the growth in GDP for quite a while now, it's come from deficit financing in the United States. So, you know, I don't know. It looks to me, if you look at what the shock and awe strategy is. 
(0:27:58)  And I don't know the answer. The shock and awe strategy is designed to dismantle a portion of the government and the economy in a way that you could get a very significant recession. I mean, here's the biggest question on the economy. And it comes down to the fight over the HHS appointees. So HHS is the health and human services. 
(0:28:28)  If you look at the 2025 federal budget, the military, the on budget, you know, not the black budget, the on budget military budget is $857 billion. The Medicare and Medicare, the health care budget is $1.8 trillion. So it's more than double the cost of running a global military. Okay. And that. 
(0:28:57)  that has ballooned. If we went back to 2010 disability levels, Paul, we would save $500 trillion a year on the budget. So when Kennedy went through his confirmation hearing and he said, we have a chronic epidemic, we have an epidemic of chronic illness among the children. You know, he uses the number, I think 54% of kids have chronic illnesses. The pediatrician I most trust says it's up in the 70s because most kids can't afford to get properly tested. 
(0:29:26)  So America is being poisoned. I don't know if you've been to America recently, but literally America is being poisoned. And it's not one thing, it's many things. And what Kennedy has been fighting for is to get into HHS and really turn it around. Step one being bringing transparency to what is causing health to decline. Right now, we spend almost double what the next industrialized country spends on health care, $13,500 per person. 
(0:29:54)  And everybody's just walking around poisoned. So, so if you're. 
(0:30:00)  going to turn the budget around. You need a plan. And if you look at what just happened with number two, the person going into CDC, the Kennedy's nomination got thrown out and killed and the White House had to withdraw it. And if you look at who they're putting in, it says full on control grid, you know, mRNA technology is going to poison another round of people. It's bad. 
(0:30:25)  And what's Trump's role in all this? Is he like just a useful idiot or is he also one of the masters behind this strategy? So he's doing it. I mean, if you look at his announcement for the Stargate initiative several days into the administration, it was 500 billion for data centers. 
(0:30:45)  You know, ostensibly private investment, but if you look at where it's really coming from, it's coming from government and mRNA technology for everybody, even though we've proved beyond any shadow of a doubt that mRNA technology is poisoning and kills. So, you know, now, what I try and explain to people is the fundamentals of how the U.S. government works. Are you ready? Yeah. Okay. 
(0:31:10)  So every week, the New York Fed and the primary dealers, of which Howard Lutner's firm was one of them, 24 primary dealers go out in the market and they borrow money and they put it in the New York Fed. The New York Fed is the depository for the U.S. government. So Treasury, the agencies, they have their bank accounts in the New York Fed or the New York Fed member banks as agents. And those member banks, of course, own and control the New York Fed. 
(0:31:37)  So they put the money in Treasury, and Treasury spends the money. And the last month, I think it was February, our total deficit was bigger than 100% of our revenues. Wow. Right. So we're really dependent on the Fed borrowing and putting that money in. Now, we could talk about the fact that we don't need a debt-based currency, but let's leave that for another day. 
(0:32:06)  You know, so there's a bit of a ruse here. But the minute the New York Fed stops doing that, everything stops. OK, so day to day, week to week, the federal government is 100 percent dependent on the New York Fed. Now, at the beginning of the administration, a reporter from Politico asked the chairman of the Fed, Jay Powell, if Trump wants you to resign, will you? And he said, no. 
(0:32:33)  And he said, well, can Trump fire you? And he said, no. Trump can only do what the bankers want him to do. Yeah. He can go for 24 hours without the bankers. Yeah. So he has the bankers and his tech oligarchy basically setting the agenda and defining what's going to happen in the US. I don't know. Did you just see Elon Musk's dad did an interview? 
(0:33:02)  Quite wild. I don't know if you saw it. No, they don't see each other. But what did he say? So so we're going to use a clip of this. We're just about to record our first quarter wrap up. We're going to use we have great clips on everything. The big story we're going to do is Trump the first 70 days. And, you know, we got tons of clips and stories and everything. But so Musk's father gives an interview. 
(0:33:28)  And says, he's talking about how close the family is to Netanyahu. And Netanyahu, two years ago in the Biden administration, had explained publicly that Elon Musk was the real president. True fact, yeah. Yeah, he's already been called the co-president, right? But it leads to all sorts of anger and fighting also within Trump's crowd. 
(0:33:56)  Sooner or later, some people will probably be... You look like I'm giving you a headache. Yeah, no, it's more like... It's such a mess. You know something? It's not a mess. In other words, what we need to do is distill the complexity down and see the basic simple phenomenons of what's happening. Because it all comes down to revenues, expenses, and assets. You need your revenues to go up and you need your expenses to go down. And part of it is we... 
(0:34:24)  The United States and the dollar system have been running the greatest misallocation of capital in the history of Western civilization. And you know that because you have a very wonderful and successful gold company. And you were right at the heart of trying to help people find real solutions to deal with that massive misallocation of capital, right? Exactly. Okay. So let me give you one other example. Healthcare is pretty ugly. This is the worst. 
(0:34:50)  There is an Australian think tank created by the Australian government in 2001 after 9-11 to track the top technologies that drive geopolitical and economic power. And they tracked 64 of the leading technologies. At the end of the financial crisis, I think 2008, U.S. was the leader in 60 of 64. 
(0:35:11)  They just published their 2024 report, and I think it was the end of 2023. The U.S. was the leader in seven. China was the leader in 54 and is moving up fast. Okay? Now, that's because if you look at where we're allocating our capital, we're not allocating our capital to maintain our leadership in science and technology. You know, so if you look at the expenses, 
(0:35:36)  You have in the United States in the dollar system, you have way too much going to corruption. You have way too much to, you know, to go to subsidizing the centralization of the economy. You have way too much money spending on control. You have way too much money poisoning people and then paying for them to be sick. You know, and we either as a society have to change the way we allocate capital or. 
(0:36:04)  Basically, we're all going to be governed by the Chinese. Yeah. But I guess that's also where people like Musk and Peter Thiel would agree with you that the US needs to invest more into technology and science and AI and robots. So I guess they would like to achieve that goal by slashing unnecessary expenses and by focusing on technology. So I think technology is important. However, I would say it's... 
(0:36:32)  You know, it's not number one. And here's why. One of the things I love about some of the people Trump has brought in is they think and function entrepreneurially. And we do. If you look at the old model, if you look at, you know, corruption 1.0 or dollar model 1.0, you know, it got very sluggish, very slow moving, very, you know, so we need something much more responsive to the future, much more hopeful, much more building wealth. 
(0:36:59)  And a lot of them talk a very good game on these topics. It breaks down when you get into the reality of where their money's really going and what's really happening. Because what we're seeing is the solution is, okay, we're here now, so we get to control. So I'll never forget when I was having a meeting with a cabinet secretary I was working for when I was in the Bush administration. 
(0:37:26)  we wanted to propose a new housing platform. And we brought in two guys who were the top guys in the housing industry who'd led this commission on how we should reinvigorate housing in America. And they had proposed lots of decentralization. And the secretary wanted a lot of centralization. And of course, because that's how you get political contributions, you centralize control, and then everybody's got to come into you and give you... 
(0:37:53)  political contributions. And there you go. And so one of them said, well, Mr. Secretary, I thought you're Republicans, you believed in decentralization and local whatever. And the secretary had this little assistant from who'd come in from Heritage Foundation, which is one of the conservative think tanks. And he was very kind of chipper. And he said, yeah, yeah, but we're here now. Yeah. 
(0:38:18)  Right. It's always the same thing, right? I mean, the Project Heritage Foundation was also, I think, authoring this Project 2025, right? Right. Is that something that's being rolled out as well? Is it sort of overlaps with what you just said? I've not read it, but my understanding is a lot of the things they're doing was envisioned by that. And, of course, the leader of that has come in a very important position. 
(0:38:43)  So let me just mention what's number one. If technology is not number one, what's not number one? If you're going to run a global system, you have to have a culture that can run a global system. You have to have a culture. You know, I used to have an ally who would say, culture is the integration of the divine in everyday life. And I went back to him and I said, John Edward Hurley, you forgot to mention culture can be the integration of the demonic in everyday life. 
(0:39:12)  global dollar system, you know, monetary, financial markets, trade, you know, are you going to be a critical power in the multipolar world? You have to have a culture that is up to the task. And what, in 1998, I had a choice of either walking out of the establishment purposely or going back in. And I decided to walk out. 
(0:39:42)  And part of that decision was to then litigate with the Department of Justice for another 12, 13 years. Well, litigate for eight years and then fight with the IRS for four years anyway. 
(0:40:00)  And I decided to walk out because I said it was better to look for real solutions in the wilderness than to be part of something that was going to fail. And I was sure the unipolar model that they were off and running was going to fail. And I wouldn't have said it to you this way in 1998, but I'll say it to you this way now. They didn't have the culture that was necessary to succeed at doing that. They couldn't. 
(0:40:29)  It's what Lavrov said, the Americans are not agreement capable. It's because they don't have a culture. Now, if you look at the people who designed the strategy that failed, the neocons, they're the ones who are ransacking the government right now. So the country lost, but they still think they're going to win because they're going to get the plunder. What kind of culture do you need then? 
(0:40:52)  I think, you know, I remember when I was a little girl sort of growing up in a family that really believed in the great game of civilization. You know, we would talk about what it was like to build a cathedral, to design and build a cathedral that would take longer than your lifetime to build. And to envision that and be happy to do that, you know. 
(0:41:15)  having those kind of long-term lead times and having a culture where people could cooperate, you know, on the enormous things that we needed to do. And so I was brought up in two different families, but both families were very involved in, and they would compete. They were very, particularly my father's family, they were very competitive about, well, who's done the most for civilization this year? 
(0:41:42)  You know, and so my father came back from the war. They moved the hospital he was an intern with over to the China Burma Theater during the war. And when he came back, he was commissioned to redesign the emergency rooms for the entire country. You know, and so, you know, he spent years doing that and being really proud of how many lives, you know, and they would literally compete, he and his brothers. How many lives did you save? How many lives did we save? 
(0:42:09)  You know, that was their metric, not how much money did you make in the stock market or the crypto markets. Like, how many lives did you save this year? So my uncle got him back. He got the first transplant center set up in South Carolina. My grandfather had started a clinic in Jackson, Tennessee, which then became the hospital. And then they decided they weren't good enough. He and his partner closed it down, went up to the Mayo Clinic. When they came back, they brought antibiotics too. 
(0:42:35)  Tennessee, they had a cousin in the legislature and they got antibiotics authorized by the legislator, got it back in. And again, it was like your grandfather saved thousands of lives with antibiotics. What have you done today? But in a way, the U.S. can learn then also from Chinese culture to have a long-term focus and to think more about the community than just yourself. Of course, there's a lot to complain about Chinese culture and the centralized control they have. 
(0:43:04)  they do have a long-term focus that they are able to... Right. If you look at their planning, it's unbelievable. You know, the planning, the plans they publish, they work at it. I mean, it's a very interesting topic because I studied Chinese. You know, I lived in Hong Kong for years, studied Chinese. And I have a lot of thoughts about what makes Chinese culture unattractive, but also what makes it... 
(0:43:28)  great and and attractive in many ways but if you want to if you want to think about this issue watch the you know because there's quite a uh a growing movie industry in china watch wandering earth one and two and watch the comparisons in wandering two is particularly good so so you have uh the the the human race believes that the sun is going to fail 
(0:43:56)  And they come up with a project, centuries-long project, to move the Earth out of the solar system to a new sun. Okay? Sounds a bit like what Musk is trying, but then, of course, much bigger. It's called the Wandering Earth. And so the Chinese end up taking the lead to make this happen because the Americans can't maintain a long-term project. They can't get out of... 
(0:44:24)  short-term political mode and into taking responsibility to build civilization. And it's really, there's one great line where the Chinese leader, who's amazing, wonderful, wonderful guy, said, you know, typical Mandarin, typical Chinese Mandarin, he says, in the face of crisis, there is only responsibility. I said, tell that to the Americans. 
(0:44:49)  But I guess that's also the point that guys like Peter Thiel and Musk make, that they believe that democracy is not going to work because it only leads to a loss of freedom and also a slowing down of the economy. And if you have more of a technocracy in place, you should be able to achieve better outcomes for the economy, for society. If you look at trying to do things with that kind of digital control, it's not only environmentally very damaging. 
(0:45:18)  and energy wasteful. It's so anti-innovation. I mean, I could talk about this forever. It's a lose, lose, lose, lose. It's total yeah, yeah. Although the guys who end up controlling can make a fortune. So if you want to centralize ownership control of everything, bravo. You know, but there are ways of getting from here to there. If we need to evolve our culture and our civilization, there are ways of getting here from here to there that don't require technocracy. 
(0:45:48)  I like your road better than their road, to be honest. But I hope we can achieve it because that's, you know, if... Okay, but let me get back to you and Holland Gold, okay? Why do I live in Netherlands half the year? Because you like it over here? So I always say, you know, because I love Switzerland and I love the Swiss. I always say the Dutch or the Swiss in a good mood. 
(0:46:13)  If you look at the Dutch history and culture, what they've achieved and how they've achieved and what their culture is compared to the Americans, there's a reason to get things done. Half the people at Soleri are Dutch. Yeah, we know how to get things done. We like business. We like trade. We like freedom. Of course, we invented the capitalist model, basically. Right. 
(0:46:42)  Right, but you have a way of maintaining your state of amusement all the time. You're focused on productive action, productive action. I just finished reading a book by a guy, I'm going to mispronounce his name, named Mo Gowat. It's G-O-W-D-A-T. Do you know who he is? 
(0:47:03)  I'm sorry, I should learn how to pronounce his name. He was the chief business officer at Google, and as soon as he came to understand AI, he immediately quit and completely changed his life. But he's got a new book I was reading, and it says, you know, your thoughts should either be joyful or productive. And if you find yourself in negative thinking, and one of the things I do because I make such... 
(0:47:31)  I spend so much time every week trying to understand current events and how they fit into the long-term trend and what it means to you and me that, you know, it can get very negative. Yeah, exactly. So if you find yourself in a negative loop, say to yourself, it's got to be productive or joyful. And when I'm looking at really ugly things, like some of the people, I mean, if you look around the planet, there's a lot of genocide going on. It's very ugly. 
(0:47:58)  And sometimes I can't get to joyful. It's just too ugly. But I can say, oh, there's no point in not being productive. I can get to productive. Then from there, if I get something done, I can get to joyful. That's very smart life advice. We also wanted to talk a little bit about, I mean, we already talked for 15 minutes or so, but let's also talk a little bit about CBDC and stable coins, because you already mentioned earlier that the debt-based dollar system, 
(0:48:27)  It's of course changing, but it's still being maintained. It's still the hegemonic currency. But it seems like they need the stable coins as a next way to maintain the dollar dominance and the status quo. And it's very clever. So if you look at what they're... Remember in Iraq when they were in pallets of cash and to get everybody off the dinar, they just hand out cash all over Iraq or whatever they were doing. I mean, it was billions and billions of dollars in pallets of cash that's going to Iraq. 
(0:48:56)  So the stable coins are going to be the digital equivalent of the pallets of cash in Iraq. Right. What you are going to try and do is get every person around the world who you can reach through a mobile phone to get on the dollar. You're going to try to massively build the market share of the dollar. And if you can engage Google Pay, Apple Pay. 
(0:49:22)  Visa, MasterCard, all these people, you can literally afford to give away massive amounts of dollars just to get them on the dollar, right? So you can go to extraordinary lengths to build out the market share, and that's what they want to use stablecoins doing. And as they do it, they can use stablecoins to do what they used to use the hedge funds for, which is to balloon their balance sheet, and they buy more and more treasuries, and that keeps the treasury market going. 
(0:49:50)  So I wrote, I saw this week Tether was like the seventh largest buyer of treasuries in that particular week. So it's like the biggest stable coin. It's already on one of the. 
(0:50:00)  biggest buyers of treasuries at the moment. Well, if you're pumping out money, it's a way to balloon it that doesn't go into the regular indices. You're building a parallel track. If you look at the Genius Act, which is the act going through Congress to create the regulatory structure for stable coins in the US, it's all going to run by the big banks. I mean, if you look at the New York Fed and the banks that own and control the New York Fed, 
(0:50:28)  And the banks that are going to control the stablecoin market, it's like, meet the new boss, same as the old boss. Here's the important thing to understand, Paul. If the guys at the New York Fed do a CBDC, they are subject to congressional oversight and the rules and regulations and laws that oversee them and require them to do certain things and provide disclosure. If those same banks do a CBDC, 
(0:50:57)  i.e. programmable money through stable coins, they are free of Congress. Yeah. But if they would, because of the big fear people have, of course, is with CBDC, you have centralized control and people are afraid that at some point it could lead to government censoring their expenses or programming their money. When we use stable coins, it's a little bit more dispersed, right? A little bit more decentralized. Totally centrally controlled. 
(0:51:26)  But privately with no obligations to the citizen or the Congress or anybody else. So worse even then, basically. Completely out of control. Yeah. They are not subject to FOIA. They are not subject to reporting. They are not subject to disclosure. Get ready for, you know, do you want a global mafia or the Federal Reserve, which is still under the powers of Congress? Which do you want? 
(0:51:54)  I would then choose the Federal Reserve with pain in my heart. I hate to say it. This is the first thing I've ever seen anybody do that made the Fed look good. Yeah. And that takes something. If you come into Solary, we have a panel called Video Shorties. And one of the first playlists is Financial Transaction Freedom. And the first three videos are the ones I always show people to help them understand what's going on. But one of them is the president of the Minneapolis Fed. 
(0:52:23)  saying, you know, Americans would be crazy to let this happen. CBDCs are terrible. Well, you know, we'll lose taxation. You know, they'll just take the taxes out of our bank account. You don't want this. So the Fed, you know, the Fed has slow walked this whole thing because they know and they know they can't really do this unless they get out from under Congress. Right. So if you could, if you would choose between CBDC and stable coins everywhere in the U.S. and across the world, even you would also choose CBDC then? Nope. 
(0:52:52)  You're not going to get me to go along with anything. I wouldn't. You can't make me. And this is really funny because this has happened to me. When I was litigating with the Department of Justice, I was told I was hopeless. I had no chance. I was going to die. I was going to live in poverty. And I studied for two and a half years spiritual warfare at a wonderful church. I mean, I really got an immersive course in spiritual warfare. 
(0:53:21)  And what you learn in spiritual warfare, there's a concept of just standing. And when it's absolutely hopeless and there's no way, you just stand on God's word. And what happens to you, I swear, I wouldn't have believed it and I wouldn't have tried it if I had any other choice, but is suddenly a door opens that wasn't there. It's kind of like the universe says, okay, well, we couldn't trick her on that one. So open, you know. Yeah. You know. 
(0:53:50)  Yeah, so you can't get into that. The technocrats love to do that. You know, do you want to cut off your right foot or do you want to cut off your left foot? It's like, no, I'm not. Good advice. Stand your ground and be strong. Any more advice, Catherine, you have for our dear viewers? I hate to be totally obsequious, but you know something? You absolutely, if you come to Solari, we have a great old piece, but still timely. 
(0:54:17)  What percent of my assets should I hold in precious metals? And we divide precious metals into a core position and an investment position. Right now, you know, everybody, 100% should have a core position with some rare exceptions. But right now, I've never seen gold look more attractive as an investment position as well. So I, you know, I appreciate you. I appreciate Holland Gold. 
(0:54:44)  Precious metals, for a variety of political and economic reasons, I think is going to do very well. And if somebody's not familiar with precious metals, they need to start learning. I tell everybody, never touch precious metals until you've gotten yourself a really good education on what it is and how it works, you know, and how given what you need, where you want to own it, how you want to own it, what you want to own. So it's a big topic. 
(0:55:11)  You know, the time has come and there are a lot of good people who've been building businesses to help you with this. And this is a, you know, I mean, what I'm saying is good for Holland Gold, but Holland Gold could be very good for you. So get that education and start thinking about precious metals. Well, thanks so much for the recommendation, Catherine. 
(0:55:32)  People can definitely also educate themselves on many different topics from investing to health to spiritual awareness, going to Solari, of course. So could you give the website where people can find? Sure. So we'd love to have you as a subscriber. We have a lot of free introductory content if you want to just first get to know us. It's at Solari.com, S-O-L-A-R-I.com. 
(0:55:57)  You'll, you'll find everything there. Yeah. And you also regularly organize meetups for people that are. We just had, I wish you could have come. We had the most wonderful, a lot of people brought their kids. So we had some, not, not too young. We had a lot of, you know, college kids and that age, but it was, and we had people from Austria, Switzerland, Netherlands, Italy, Germany, Belgium, England. 
(0:56:25)  Ireland, and the greatest one, we had somebody come from Sardinia, sat down, turned and introduced himself to the person next to him, and they were also from Sardinia, and they'd never met before. They were like, what? A lot of freaking coincidence, yeah. Providence, yeah. Well, we have to, you know, if you want to have a successful life right now, you have to find like-minded people. You have to find people who want to be free, who really work at being free, and enjoy helping and collaborating with other people who want to be free. Yeah. 
(0:56:53)  Yeah. Totally agree, Catherine. Thanks so much for all your insights and all the work you do. And perhaps next time we can do it again in your office. Oh, that would be great. Keep up your work and keep in touch. Thank you, Paul. Have a wonderful day. You too. Thanks. 

(0:00:00)  The U.S. economy and financial system is the leader globally in laundering dirty money. I said to this wonderful group, let's pretend there's a big red button up here on the lectern, and if you push that button, you can stop all hard narcotics trafficking tomorrow. Who here will push the button? And out of 100 people dedicated to evolving our society spiritually, guess how many would push the button? I don't know. One. 
(0:00:23)  You suggested the control grid is in part designed to manage the population. So if you want to move people to a much lower economic footprint, having complete control is obviously very convenient. Okay, so the bottom line is the majority is about to get a lot poorer. So the question is, where's all this money going? And one of the things I've looked at is the underground base and city infrastructure and transportation system that's been built. What would be the purpose? I think if you're worried about a near extinction event. 
(0:01:11)  So thank you for doing this. I know you've worked on this for years, but you get the sense if you're just a sort of aware person that there is a concerted attempt by governments around the world to digitize commerce and to digitize currency and to basically control people through money. 
(0:01:33)  Correct. Correct. So that was my first question. Is this happening? Am I imagining it? It's absolutely happening. And what's important to understand, it's been happening for a long time. In other words, this is like an invisible corral that's... 
(0:01:48)  that they've been building around you for a long, long time. Because how do a few sneak up on the many? Well, you have to do it very quietly, invisibly, before you throw the trap. So essentially what they're building, because it's converting a currency system into a control system. So it's really the end of currency. And what they're doing is they've been building the different digital pieces. 
(0:02:13)  And when it integrates and comes together, then you literally have a digital concentration camp. It's complete and utter control. Otherwise known as the world. Here's the thing to understand. You and I grew up in a world where there was mass media, where you were pitching stories, you know, so you had 57 varieties of ice cream and you're pitching them to 57 different niches, but you're still pitching to mass audiences. 
(0:02:38)  What we're talking about is a system where you can surveil, control, and influence one person at a time. And with AI and software, each person can have their custom surveillance, influence, nudging, and control system. And punishment. Yes. Enforcement. Because ultimately, if you control money, you can starve people to death. You can kill them. 
(0:03:02)  Right. So go back and think of the pandemic. So if I say you can't go more than a mile from your home and I say you have to be mandated a pharmaceutical, then if you don't take the pharmaceutical, I can turn off your money. If you go more than a mile away from your home, your money and your credit cards won't work. 
(0:03:25)  So, you know, whatever rules I lay down, there's a wonderful, wonderful example. The head of the Bank of International Settlements is the central bank of central banks. And it's been running the process to implement basically. 
(0:03:41)  an all-digital monetary system. And they have innovation hubs all over the world. They've been running this process for a long time. And in 2020, when the pandemic started, or it was October 2020, so the pandemic was underway, the general manager of the Bank of International Settlements was on an IMF panel. 
(0:04:01)  And in one minute, first time in my life I ever saw a central banker tell the truth, I fell off my chair. And he said, you know, the beauty of this is we can set the rules on how your money works and we have the technology to enforce them. And what he was saying is literally from one place in... 
(0:04:25)  You know, anywhere in the world where the technology exists, you can track each person individually. You can set a complex list of rules, you know, like legislation, regulation, and administrative policy, and you can enforce them all with the technology. 
(0:04:42)  with AI and software. So have you ever seen, there's a wonderful movie called The Lives of Others about the German Stasi and surveillance. It's about a group of artists and sort of creative, talented people who are under surveillance by the German Stasi. And you see what it's like to be under surveillance for 24-7. 
(0:05:02)  Think of each one of us. We're all under surveillance, not just by governments, but by corporations who are trying to do something, and it may not be anything nefarious. 
(0:05:13)  80 different companies are trying to sell you something or 80 different companies are trying to get your data for some reason. And so they have AI and software bots that track you and follow you and learn from you and try and influence what you do because they're trying to extract some kind of value from you. And literally, think of being attacked by a swarm of bees. We're surrounded now by a swarm of AI software bots. 
(0:05:41)  all trying to learn from us, extract something from us, or get us to do something. Now, when you go to an all-digital system, then there's no escape. And then they can start literally to enforce rules. They do now. So what are the manifestations of this that maybe we're not paying attention to or don't perceive for what they are? So look at what they did to the Canadian truckers. 
(0:06:06)  we don't like what you're doing, we cut off your money. And we cut off your friends' money. And if people help you, we cut off their money too. So I've known so many different people around the country who've been debanked. We just got legislation passed in Tennessee that a bank over a certain size couldn't debank someone for political or religious reasons. And you're one of the things that's happening. There's no such federal law. Not that I know of, but I haven't. Look, I've been working with the states because ultimately the 
(0:06:35)  the one power currently under the Constitution in the United States that can stop this, the powers not delegated to the federal government by the states are reserved to the states. In other words, the states are technically more powerful than the federal government. And under the Constitution, they have the power to override the federal government on many different issues, including health care. And so one of the... 
(0:07:03)  tensions we see in America is more and more there is a debate between the feds and the states about who has what power. So we've seen a lot of the conservative AGs and treasurers pushing back in a wonderful way, in a marvelous way. 
(0:07:20)  the challenge they have is this. And this was said to me by a senator in northern Ohio. Northern Ohio has one of the best groups of sort of freedom-fighting legislators in the country. And as you probably know, because you know Montana, it's very beautiful. You're talking about Montana? Idaho. Idaho. But it's right next to Montana. So one of the Idaho senators said to me, he said, my problem, every time I fight to implement the Constitution, 
(0:07:49)  He said, what I learn is that every year we send a dollar to Washington, and every year Washington sends back a dollar and 19 cents. And when I say I want to implement the Constitution, my constituents say to me, I'd rather have the 19 cents. So what we've been watching literally since World War II is the federal government and a very, you know, largesse both monetary and fiscal policy buying people out of the Constitution. 
(0:08:19)  And buying the whole federal – I mean, the federal government is right now operating so far outside the law. You know how unbelievable it is. So that's the challenge before us. If we want to be free, we're going to have to decide we're not going to let ourselves be – it's like being sort of walked into the slaughterhouse. We're not going to walk into the slaughterhouse. But you don't even – I guess what bothers me about it, there's something – 
(0:08:47)  It's wonderfully straightforward, horrifying, but wonderfully straightforward about just a conventional invasion where people show up with guns and tell you what to do because at least you know who the enemy is. But there's something very scary in an insidious way about being lulled into slavery. Right. And the thing to understand about the lulling is the lulling. The marketing plan works one person at a time. 
(0:09:10)  In other words, you know, you I buy with money, your friend I buy by knocking them off, or your other friend I get a control file on. So there are thousands of different ways of nudging, buying carrots and sticks to get everybody into the control, into the trap. And what is so insidious about this is much of the marketing plan is invisible, and it really is crafted one by one. 
(0:09:40)  The odds seem overwhelming against the average person in a system that you just described. So how far are we from not being able to exercise constitutional freedoms? So I don't know how many years. They're clearly pushing to have this done by 2030. 
(0:10:00)  And what I do have to say is if you look at what it takes to stop it, I believe they're going to fail. Now, what I don't underestimate is how much damage they could do. And the failure may not come in time to save America. So if we could just stop and define terms, who's they? The central bankers. Yes. Right. So we have a democratic republic or we have a republic and use this democratic process. 
(0:10:29)  What happened in 1913 is the bankers took control of monetary policy. What they're trying to do now is take control of fiscal policy. Once they get control of fiscal policy, it's going to be much harder to reverse it. I'm going to ask a series of really dumb questions. I hope you'll indulge me. What's the difference? Taxation without representation. But between fiscal and monetary policy. Okay, monetary policy is I control the process by which... 
(0:10:57)  currency is issued including through credit so so i generally govern and control credit issuance yes and and and from that the currency the creation and management of the currency fiscal policy is when i control the taxes and the borrowing of the u.s government now because the central bank basically operates the borrowing you know it's the the borrowing is shared but 
(0:11:23)  This comes down as the, you know, this is the Boston Tea Party moment. Can they tax without representation? So I'll give you a little story. During the Biden administration, Biden nominated somebody for control of currency who was ultimately not approved. The Republicans in the Senate killed the nomination. 
(0:11:44)  Before she was nominated, three weeks before, she wrote an article in the Vanderbilt Law Review that said the great thing about central bank digital currency, in other words, an all-digital currency system, is you have the perfect tool to deal with inflation. If inflation gets out of hand, you just freeze everybody's bank accounts. Nice. Right, right, right. 
(0:12:09)  So inflation is a creation of monetary. It's the effect of monetary policy. It's like something that somebody did to you. Well, there are two things that cause inflation. So one is monetary policy, managing monetary policy in a way that creates monetary inflation. But you also have, and we're going through it now. 
(0:12:31)  what i call de-globalization where you have real increases in the cost of goods so my cost of goods are going up and it's not because they're issuing you know too much currency relative to growth it's because we are reversing globalization globalization created a whole lot of 
(0:12:49)  lower costs for a variety of reasons. So if you had severing of supply chains, for example, that would cause inflation because it just costs more to get the materials and the goods. Right. And it's not just higher prices. It's, you know, some products, a lot of products stop being economic and just go away. 
(0:13:07)  You know, when you hiccup supply chains, especially if you do it by shock doctor or shock and all, which is what we're watching now, you know, it wrecks havoc. So think of it like a flotilla of ships that need to turn. If the aircraft carrier doesn't let everybody know they're turning, then the boats aren't ready to turn and you have boats smashing into each other. You sink a lot of ships. You sink a lot of ships. So leaving aside whether that was wise or not, that's what we're doing. 
(0:13:37)  Right. So you get inflation out of that, of course. You're absolutely right. If oil prices go up, you get inflation. Right. And that deglobalization started in the financial crisis. So it's accelerating now, but it's not that we just started it. How did it start in 2008? Yes. Yes. Because why? Because for several reasons. But one is we were trying to exercise more and more control through the dollar system. 
(0:14:05)  And we've always exercised a lot of power and control and extracted a subsidy from the dollar system. But you have more and more people trying to get out of the system. And the financial crisis, first the Asian crisis in 97 was a real wake up to Asia. You need to create more resiliency. But more and more things happened. And then in 2008, it started to accelerate with the creation of the... 
(0:14:33)  You know, as the BRICS started to organize and work to sort of pull out of the dollars. So the idea was you've got a world economy based on the dollar. The people who issue and administer the dollar are not running things responsibly. Therefore, we need a separate safe haven. The people running the dollar system want a unipolar model. 
(0:14:54)  The U.S. wants a unipolar model, and we don't want to be part of a unipolar model because we don't want, if you look at the level of subsidy they're extracting, we don't want that level of subsidy extracted. And if you look at some of the rules and regulations, we don't want to be a part of it. So we in India, I don't know if you ever saw it, one of the greatest... 
(0:15:17)  explanations of globalization ever given. Sir James Goldsmith came to the United States in 1994 and he did an interview with Charlie Rose and he described why we should never approve the Uruguay Round of GATT and institute the WTO. And to this day, he nailed it perfectly. If you could summarize his argument, what would it be? He said, we are going to hollow out the middle class in the West. 
(0:15:45)  And we are going to devastate our culture. Our culture? Yes, our culture. We're going to devastate our culture. And we're going to devastate the quality of the food supply. He said that? Yes. So now those are my words of way of saying it. You should watch it. And I think to this day, I think it's the best description. And if you read my online book and you listen to Sir James Goldsmith. 
(0:16:13)  What they both describe is the fact we knew. We knew what we were. In other words, the leadership knew that this would destroy or devastate the West. So why'd they do it? That's the $64,000 question. Well, they hate the West. Defenders of the West. No, I don't think they are. I think one of the reasons they did it. 
(0:16:36)  I think they wanted to create the capacity and centralize the capital they needed to go into space. And I think they knew that they would need every hundred or so years, the central bankers do a reset. And I think they knew they were coming into a reset. And they felt with this technology that they... 
(0:16:59)  You know, if they didn't globalize, someone else would, and they wanted to control the process. They needed the money to go into space? The capital. I don't even know what that means. So I think they wanted to build the capacity to become a multi-planetary civilization. Really? Yeah. Spring and summer are here. That's good news. It means you get to go outside and frolic in the sunshine. Unfortunately, there's a downside. 
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(0:18:41)  I never heard anybody say that. I had no idea that was happening. So I didn't become convinced of that in 1994. I became convinced... Were you still working for the federal government in 94? My company was the lead financial advisor for the Department of Housing and Urban Development. And I was trying to clean up the mortgage corruption. And what I ran smack into is that they were clearly and intentionally... 
(0:19:07)  setting up the infrastructure to dramatically increase mortgage fraud, intentionally. Mortgage fraud is a public-private partnership between the New York Fed member banks and the federal government. 
(0:19:20)  So the Treasury and the Fed were clearly engineering a massive new mortgage bubble. And essentially, I was doing a series of things. And that mortgage bubble was going to centralize capital. And I was working on a whole plan coming out of the Bush administration. We were taking all our profits and investing in building a software infrastructure that would help communities decentralize. 
(0:19:46)  political and economic power but in a way that would create new great wealth and one of the projects we had was we were working with uh i had a subsidiary that had a project working with the 
(0:20:00)  top pension fund leaders in the country. And essentially, our job was to figure out how the pension funds could invest so that they could handle this baby boomer demographic going through the pension and retirement system and how we could do it, how they could invest their money because they're operating at such a size that it would be good for America. You know, how do you build a stronger America in a way that helps the baby boomers? 
(0:20:29)  you know, live in retirement. And I made a presentation in the spring of 1997 to, we were at a big money management firm outside of Pennsylvania. And one of the board members was a money manager who worked with a lot of the pension funds. And so we had all these top corporate and state pension fund leaders. And I made a presentation. We had done a simulation of re-engineering the Philadelphia economy to achieve this. 
(0:20:58)  And the top pension fund leader looked at me and he said, oh my God, you know, this is very similar to what we tried long ago and it didn't work. And I said, you didn't have the internet. You didn't have the tools to get the average person's learning metabolism high enough, you know, on an economic basis to do that. We had built a data servicing company in low income communities and we were able to show how easily we could get the labor force or people on welfare off of welfare and make 
(0:21:28)  making lots of money and being very productive at high speed. And he looked at me and he said, you don't understand, it's too late. I said, what do you mean it's too late? He said, they've given up on the country, they're moving all the money out starting in the fall. He said, you've got to get to Nick Brady. Nick had been my, I had been a partner at Dylann Reed and Nick had been the chairman of Dylann Reed before he became Secretary of Treasury. And at that point, Nick is out. 
(0:21:53)  you know, sort of involved. Anyway, he said, you've got to get to Nick and let him know it's not hopeless. This can all be turned around. And I thought he meant we, the pension funds, have been instructed to reinvest equity and reallocate our equity into the emerging markets, which made sense because they had a much higher growth rate. What I didn't realize then was, and I realized shortly thereafter, 
(0:22:19)  In October of 1997, that's the beginning of the 1998 fiscal year, huge, enormous amounts of money started disappearing from the U.S. government. And literally by the time of 9-11, there was $4.1 trillion missing from DOD and HUD. And if you remember, the day before 9-11, Donna Rumsfeld stood up and basically said, he did a press conference and he said, 
(0:22:48)  There's $2.3 trillion in undocumented adjustments last year at DOD, and we're missing money, and it's worse than terrorism. And then, of course, I was working with a reporter on a huge story that would have published that Friday after 9-11 about the missing money. We'd been working on it for over a year, and she'd done nine stories. I'd helped her do nine stories because we were trying to get the General Accounting Office now. 
(0:23:14)  Now they call it the General Accountability Office. But we were trying to get both Congress and the GAO to do something about it and to try and stop it. And anyway, as you know. Yeah, priorities changed. Right. For reasons that we still don't understand. Oh, I understand. Well, I don't think the average person, the average person I think sort of thinks, well, maybe there were 19 guys from Saudi or something. 
(0:23:43)  I call the Patriot Act the Control and Concentration of Cash Flow Act. Because one of the things that happened after 9-11, if you look at the history of the black budget, the sort of secret financing that the government uses for secret and classified projects, that pot of money had grown and grown and grown. And it had become very dysfunctional to try and get that money. Mortgage fraud. 
(0:24:08)  I believe, was one of the biggest sources. And that's why what I was doing sort of went to the heart of the problem. But the Patriot Act and that whole process was very successful at moving a lot more money onto the budget. In other words, it made it much easier to get enormous amounts of money for the national security state. 
(0:24:32)  as a result of what happened. Now, you know, whenever you do an operation like this, you stack functions. So it's only one of many goals. But it was very successful. Boy, it all went right over my head. I thought it was all about Mohammed Atta. I had no idea. I know you're laughing. I want to tell you my church story. Wait, hold on. There's so many threads here. Yeah, there's a lot of threads. Yeah, there's a lot of threads. I just want to, I don't want to let it continue to hang in the air, this question of space. 
(0:25:00)  You sort of threw that out parenthetically, but I've never heard that before. So you believe, going back 30 years, that people in the U.S. government and in the finance world wanted money for space? Yeah, it wasn't U.S. government. It was the central banking. If you look at the group of people who meet through the BIS... 
(0:25:18)  What's that? The BIS is the Bank of International Settlements, and it's the central bank of central banks. Where is that located? It's in Basel, Switzerland, and it has 63 of the most powerful... 
(0:25:31)  central banks as its members, and the New York Fed and the Fed are both shareholders. They became shareholders in 1994. In one sentence, what's the purpose of the Bank of International Settlements? Okay, so there are two things you need to know about the Bank of International Settlements. I'm not sure my brain's big enough for this, but keep going. It is. Okay. It has sovereign immunity. 
(0:25:52)  What does that mean? It's above the law. It's its own country. Right. It's its own country. It has its own police force. And essentially, other than one of its staff being in a car accident or, you know, minor things, no one has the legal authority to move against it. Okay. And that's sovereign immunity. That's number one. Number two, it can move money and hold it on its bank, on its balance sheet and manage money secretly. 
(0:26:21)  So if I want to, and I'm grossly oversimplifying, if I want to steal $21 trillion from the U.S. government and park it on the balance sheet of the BIS, it can move it anywhere in the world and it can keep it on its balance sheet secretly. Why would there be an organization? First of all, where does its power come? Who empowered it to have sovereign immunity? It was created after World War I. 
(0:26:46)  and sort of collected its powers and got going in the 30s. And it was created in theory to manage the reparations of the German government. But if you read the real history, it was because the Bank of England and the central bankers wanted an entity that had sovereign immunity. 
(0:27:04)  They wanted to be able to move money secretly. So, for example, if you look at what happened during World War II and all the money that was moving back and forth between the Germans and Americans, you know, Dulles was over in Switzerland helping to match all these transfers back and forth. So there's a wonderful book called The Tower of Basel by a wonderful Hungarian journalist where he documents and describes the whole history of the Bank of International Settlements. And if you want to understand... 
(0:27:33)  Power in this world, understanding how the Bank of International Settlements and the plumbing of the central banking system works is very, very important. I've always been worried that if I knew more that I would become mentally ill. No. No. So I just have to say that reality is sort of the door that you open to find real solutions. 
(0:27:59)  So there are real solutions. And the biggest obstacle to implementing them is nobody wants to face it. So I used to have a pastor. Nobody wants to face the truth of how things actually work. Nobody wants to face the truth. And I understand that because the hardest thing I ever had to do, Tucker, was look in the mirror and say, I'm the patsy. I was the assistant secretary of housing. I didn't know. And I went along and I didn't face this. I should have seen this faster. I should have said, I'm the patsy. 
(0:28:27)  And sometimes it's harder than facing death to admit that you've been part of a big lie and you've been tricked. As someone who advocated for the Iraq War on television, I've lived this to some extent. Oh, no. Yes, I did. Well, you know, part of facing this is you have to forgive yourself. You really have to. But I used to have a pastor who would say, if we can face it, God can fix it. 
(0:28:53)  Because you have to understand, we can't fix it. There are many, many things we can do to change the course. And I believe ultimately freedom can prevail. And there's many things we can do to help that happen. But ultimately, this is a spiritual war. And you have to call on God. You have to call on the divine. And that's where the battle is ultimately going to be decided. And that means, literally, I believe this is true. 
(0:29:21)  The divine intelligence cannot go to work unless we're willing to face it. You know, we have to look at it, we have to pray, we have to ask for help, and we have to deal with it. And the solutions, the real solutions will be cultural. There'll be millions of people acting in their own life, refusing to be controlled, you know, individually. Very, very wise, what you just said. I think it's true, and thank you for saying that. 
(0:29:50)  I want to just go one more time to the space question. So you said that people with power at the central banks decide. 
(0:30:00)  that we need to sort of colonize space or move towards space. Did that happen? So here's what happened, and we have two wrap-ups, and I think I sent them to you. One is we published in 2015 called Space Here We Go, and it's got a picture of a businessman, you know, taking off in a spaceship. And then we, in 2017, after a couple of the big investment banks wrote big things about space investment, we wrote one called The Space-Based Economy. 
(0:30:29)  And then we track space on Solary Report, so I would refer you to that. But I think, you know, first of all, you've seen a lot of capital centralized into a few billionaires who then reinvest that money in space. So Musk, Bezos. 
(0:30:53)  So clearly there's a centralization of capital and a reinvestment. So the idea of space is what, I mean, just biggest possible picture, why would you be interested in space? I say this as someone who's not. Right. So let me give you a couple of reasons why. First of all, you're looking for, the miners are looking for a variety of different resources. So there are practical reasons if you can get the cost down that you would want to do asteroid mining. 
(0:31:22)  The big one, the big economic one is control is most easily implemented by satellites. So you want to put up a whole ring of satellites that combined with telecommunications can basically help run the control grid. And not just the control grid. 
(0:31:40)  in the west the control grid if you're going to shift huge amounts of money globally how are you going to track and enforce that your money is being properly invested when you need a control grid globally so i i think that's part of it the last thing and i don't know the answer to this is i think there is real concern about geophysical risks yeah and one way to deal with that is to make sure we don't bet the ranch on one planet 
(0:32:09)  So to that, if we could just linger on that. Thank you for that. That all makes sense. If we just linger on one question. So geophysical risks. So we've been lectured for, I don't know, 30 years now about climate change. Climate change is obviously an ongoing feature of life on this planet. It's just an op. So, of course, it's an op. And I think we, you know, people have figured that out. Yeah. But that doesn't mean that smart. 
(0:32:37)  highly informed people aren't worried about geophysical risks. They are, and I know some of them. So what do you think those risks are that honest, smart people who are interested in self-preservation and thriving, like what are the risks they're worried about? So I think the first is a solar minimum where you get big drops in the economy and the agriculture and you can't feed the population. Right. Because there are changes in climate because of the distance of the earth from the sun. 
(0:33:07)  Right. And that changes. Right. So we know throughout history we go through periods of solar minimum. Solar minimum is the name? I think it's called solar minimum. I'm not an expert in any of this. So they are worried about climate change, but they don't think it's coming from your suburban. Right. It's not coming from human behavior. Now, there are environmental problems coming from human behavior. For sure. That's for sure. Right. So that's one. And do you think that risk is real? I don't know. 
(0:33:36)  For the record, I have one friend who's very well informed who has convinced me that that is real, that they're very concerned about water. If you look at the history, you know, of solar minimums and you look at what it does to, you know, there was a Russian, I can't remember if he was an economist or science, that did a lot of research on the stock market and solar activity. You know, and if you're the central bankers and you're in charge of managing the financial system, 
(0:34:06)  That reality would make me very nervous. Okay. So I think there's something there worth understanding. The other thing is, it appears to me, if you go back through history, every 10,000, 12,000 years, we have some kind of huge disaster. An extinction event. A near extinction event. So I don't know if you've ever read the science fiction book, Three-Body Problem. 
(0:34:33)  No. It's fascinating. It's one of the top Chinese science fiction, and it's about... I've read no Chinese science fiction. Okay. I'm feeling very ignorant this morning. No, no, no, no, because here's the thing. I'm just trying to figure out what in the world's going on. Yeah, amen. I'm in the same place. And so that always, as you know, that always leads you to the most... It does. Right. It does. 
(0:34:58)  Right. So in one, I think the thing that got me to read Three-Body Problem was Obama made some cryptic comment about people ought to read this book. It was like, hint, hint, you know, here are the problems I'm dealing with. And the Three-Body Problem is about other bodies that come into the solar system and it's impossible to predict. 
(0:35:25)  And then when they do, they create this catastrophic flooding and earthquakes and all this other stuff. Anyway, but I think that there, whether it's a pole shift, magnetic pole shift is one of the, you know, theories of what causes these events. But there is a history of near extinction events. And one of the things that I've looked at, because I'm trying to figure out, you know, between fiscal 1998 and fiscal 2015. 
(0:35:55)  There were 21 trillion of undocumented adjustments in the U.S. government. If you go to our website, missingmoney.saleer.com, we have years and years of documentation, including the government financials that show this. And so the question is, where's all this money going? And one of the things I've looked at in the process of looking at where all this money is going is the underground base and city infrastructure and transportation system that's been built. I'm sorry? 
(0:36:24)  Yes. So we have built an extraordinary number of underground bases and supposedly transportation systems. Some of these are documented as part of the national security infrastructure. I think there are many more. In the United States? In the United States and all over the world. 
(0:36:50)  2021 to 2023, I took one of the smartest subscribers in the Solary Report Network, and he and I spent two years collecting all the data and all the allegations on underground bases. And then we systematically went through and tried to estimate our guess, this is totally a guess, of how many underground bases both 
(0:37:18)  underground in the United States, but also underground under the ocean around the United States. And our estimate was 170 with the transportation network connecting them. And what would be the purpose? The purpose, if you thought you were going to get a near extinction event. 
(0:37:36)  So to me, there are two purposes. You have so many activities going on that you need to keep secret, that you're basically building the capacity to, for example, if you're doing a secret space program, you need to platform it from, you know, things that can't be seen. But I think if you're worried about a near extinction event, you know, that's... So I know nothing about this other than my only window into it. 
(0:38:03)  I knew a contractor who worked on one in Washington, in the city of Washington, D.C. And I remember him telling me about a power box, like a transformer box on Constitution Avenue that he told me, because he worked on it personally, was actually the exit, the egress from White House. That was kind of by vehicle. I thought that was, I was like, really? He goes, oh, yeah, no, I installed it. I know. 
(0:38:31)  And I thought, well, that's kind of crazy that in the middle of this big city where I live, I lived in, I was on Constitution Avenue every day, that you could build something like that without me knowing it under the VP's house at the Naval Observatory. Same thing. I think most people know that. Next to my brother's house on Macomb Street in D.C. Also. So like, but that's, I always thought that was like preparation for nuclear war. Like, I didn't really think about it that much. Some of it is, yeah. It's preparation for catastrophe. 
(0:38:59)  So, but you think that there are facilities like that in other places outside D.C.? Oh, yeah. So, if you're interested, we have a great interview. I did an interview of Richard Dolan on underground bases on the Solari Report. And it's sort of an introduction to the topic. And it's based on a lot of the research of a guy named Richard Sauter, who is very hard to interview. So, Richard kind of went through all the material. And, you know, clearly it's... 
(0:39:28)  I don't know if you ever saw, Washington Post did a project, it was in 2010 or 12, called Top Secret America. And one of the reporters, it was a team of two reporters, one of them put together a database of all the different top secret installations that had been built in the country, including since the Patriot Act. And what you saw was just this explosion of money. 
(0:39:54)  in building so many both underground and above ground facilities. 
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(0:40:51)  So if you're ready to take sleep and recovery to the next level, go to 8sleep.com slash Tucker to get $350 off your Pod 4 Ultra full refund for 30 days if you don't love it. It works. Just as a theological matter, I hate to say this, but I think it's true. If you're building a lot underground, you're on the wrong side. 
(0:41:15)  I just don't think that's a good sign. So I'll tell you a very funny story. I mean, right? I mean, like, just like, let's just the obvious first. That's not good. So I'll tell you a very funny story. So after I left the administration, after I left the Bush administration, I went on the board of Sallie Mae. 
(0:41:36)  And I'm on the board of Sallie Mae. And after one of the first meetings, there's a wonderful stop. You've been talking about underground bases and colonizing space. And you clearly seem totally sane. But I'm sure some people are like, well, she's obviously crazy. I should have set the stage at the beginning with your biography like you're as mainstream. You're on the board of Sallie Mae. Sallie Mae, you're a partner at Dylan Reed. It's like you're not just like on the Internet. 
(0:42:04)  Right. I'm sorry. I just want to say that. I just want to say that. This is like a former high-level federal official who's on the board of Sally May and a partner of Dylan Reed. Okay. I just want to say that out loud. Okay. So I'm on the board and there was a lovely chairman, a really lovely guy. And he comes up. He says, can I talk to you after the meeting? And I said, sure. And he pulls out this big. 
(0:42:26)  glossy brochure for the Council on Foreign Relations. And he said, the time has come for you to join. And he said, we want you to ask Nick, Nick Brady, to sponsor you. And I said to him, you know, Sam, I just don't want to do this. I just, I really don't want to do this. And he looked shocked and he said, you don't understand. If you don't do this, you're out forever. And just at that moment, just at that moment, you know, it's these moments when things come to you. 
(0:42:54)  I saw in my mind, I'm very pictorial, I saw in my mind a locker in the underground base and they were taking my name off of the locker. And I thought, you know, if it comes to that, I'll take my chances upstairs. Yeah, me too. And I said, but it's this, it's a, you know something, it's at the deepest root, it's a spiritual and cultural question. I totally agree. Who's cowering underground, like in the dark places? No. 
(0:43:24)  But to me, there's nothing wrong with going into a bunker if they're bombing, okay? I don't have a problem with that. But I really didn't want to be with all of them in a concentrated space. It was like, no, I'd rather... And you know them. You're not guessing at this. You know a lot of these people. I know a lot of these people. And the one thing I will have to say, if there's anything I learned from my history... 
(0:43:50)  The problem is not they are bad and we are good. That's not how this works. The evil and the good is threaded at every level of society, every community, every enterprise. It doesn't work like that. Well, I'm not especially good. I know that. I know that for a fact. I think you're pretty good. Yeah, but of course, you know more about yourself than anyone else does. And I know that what a flawed person I am. So I'll never declare myself on. Right. 
(0:44:18)  I'll never say God's on my side. I'll say I want to be on God's side, but it's an open question. Well, it's a journey. It's never over. And we're not perfect. And you try every day to do as good as you can. And it's like baseball. You get some hits some days, and some days you strike out. But you believe that there's a whole constellation of underground bases built by the U.S. government in the United States. That fact alone. 
(0:44:45)  Just the physical infrastructure of it, because normally we talk about what are they doing. It's enormously expensive. Well, it's unbelievable. And like it raises lots of practical questions. How do you ventilate them? What about food and water supply? Where's the energy? Are we using breakthrough energy or? Where's the energy? Right. Right. Because I'm sure that we have the ability to produce breakthrough energy at very low cost. You know, if you go back. Why are you sure of that? My Dutch partners. 
(0:45:15)  I met because they were doing a series of conferences on breakthrough energy. And they brought together breakthrough energy inventors from around the world. And, you know, you can see all the videos up on the Internet and really went through the history from Tesla on of different inventors who have discovered and claimed different innovations with breakthrough energy. And I'm convinced that this energy exists. And I'm also convinced if you look at a lot of the really fast ships. 
(0:45:44)  you know, flying around the planet, you know, that they, you know, they're not using classical electricity. They're unleashing. Right. So, so, you know. They're not running in diesel. Right. Exactly. Right. So. Yeah. So we know that these, I'm sorry, I get so caught up in the details, but we know that there are. 
(0:46:09)  quite a number of large underground bases in the United States. We can state that as fact. And then the question becomes, of course, like if they're connected to the power grid, you know, if they're pulling off just a conventional natural gas electricity generation station, you could like know that and measure it, but you think they have independent energy sources. Of course they do. So one of the questions I have that I think is really important is when you look at breakthrough energy, 
(0:46:37)  If you were running the planet, so I have this nickname for the committee at the top, Mr. Global. If you were Mr. Global, you would not want to implement breakthrough energy on a widespread basis for a variety of reasons. One of which is everybody got a hold of it and weaponized it. It could be very dangerous. Why? My understanding is that... 
(0:47:00)  And literally one small group of people could take this, you know, with no sovereign powers or, you know, just organized crime and use it in a way that could weaponize it and make it very dangerous. I don't, I'm not a scientist. I don't really understand. Right, but energy by definition is dangerous. You know, gasoline is dangerous. Right. Right, electricity is dangerous. Of course, nuclear energy is dangerous. Right, but if you're the risk manager and you're charged with managing the planet, you know, this has... 
(0:47:28)  more disruption capability both weaponization economic you know suddenly everybody's free to do whatever they want and so they're much harder to control so so if you're mr global and you have the capacity dramatically lower the energy cost the other danger is then population skyrockets and you 
(0:47:48)  you're concerned about that. So if you're Mr. Global and you're worried about what will happen if you bring this technology out, it's very convenient to get complete control. If you don't trust the population to be environmentally responsible or politically responsible, then complete control. So we have a good mutual friend who's been bothering me for years to interview you. You've got a interviewer! 
(0:48:14)  Why? Well, just because he said this is like the best informed, smartest, most reasonable, mainstream, sane person I know of you. He said this and I was like, yeah, okay. Anyway, and we're just really glad we did this interview because you're blowing my mind up and down. So how convinced are you that breakthrough energy, alternate forms of energy, non-publicly disclosed forms of energy are in use by the U.S. government? 
(0:48:45)  I think there's a very high chance that they're in some kind of use in a very controlled, secret way. Yeah. Well, there are tons of indications, and you've had a number of people, like at the contractor level, like I'm a federal contractor electrician or a concrete guy or whatever, and I was working on this underground facility. There are a number of people who come forward to say this, and I saw what appeared to be some brand new form of energy I didn't understand. Right. 
(0:49:13)  And sane people too. Sean Ryan, who's a friend of mine, wonderful guy, honest man, who's a podcaster, interviewed, did an interview with this guy who was just like a, just a random blue collar guy. I think he was a concrete guy, you know, and he got a call for a million yards of concrete or whatever and went to this underground facility, DOD facility and saw clearly signs of some energy source that was. 
(0:49:36)  defied the laws of known physics. And there are a bunch of people who have said stuff like that. So I don't think it's crazy. So I have two businesses. One is the Solary Report. The other is Solary Screens. I do an investment screen. And I think a lot has to shift in investment if we're going to have a real civilization and not misallocate. I think we're misallocating capital terribly. Anyway, but he... 
(0:50:00)  He, for 30 years, has been an investor in a breakthrough energy company. Someone you know has been. Yeah, yeah. And it's called Brilliant Light. You can go look at their website. And they're really, you know, they swear they've got it. And what is it? Don't ask me. Yeah. You got to get him on. So you think this money has been taken by... 
(0:50:29)  people who've really thought through the future and are determined to survive it. So I think, I call it a financial coup. I think what happened was when the budget deal busted in 1995, they gave up on the government. They just said, you know, this form of government will not work as a governance structure to manage the dollar system. They're right about that. 
(0:50:58)  They just felt it was impossible. If you're a risk manager, you got to turn the aircraft carrier before you hit the iceberg. And that could be 20 years before. Do you know what I mean? And they just felt that the system wasn't working. And it required to get consensus. You just had to dumb people down and buy them off. And it just wasn't working. So I think they decided, okay, we're going to re-engineer government on the just do it method. And the first thing we're going to do... 
(0:51:27)  is we're going to pull all the money out, we're going to put the government in a debt trap, and then we'll squeeze it and shift to the control model. And it was a financial coup, and it started in fiscal 1998. So it started literally October 1st, 1997. By 2015, we had reports in their financials of 21 trillion of undocumented adjustments. From a cash standpoint, you know, it could be 50. 
(0:51:54)  It could be $50 trillion or $10 trillion. There's no way to tell unless you can get access to the bank records. And then what happened was Dr. Mark Skidmore of Michigan State University and I published a study, sort of a survey we had done thanks to him and his students that announced that we were up to the $21 trillion. 
(0:52:17)  At that point, then the next step that happened, remember the Kavanaugh hearings? Very well. Okay. What you don't remember is during the Kavanaugh hearings, the White House, the Senate, the House, Republican and Democrat, all of them together. 
(0:52:35)  instituted, issued an administrative policy called Federal Accounting Standards Advisory Board Statement 56. Yeah, I did miss that. I'll just say. You did miss that. I was busy watching Kavanaugh yell about his teenage drinking or whatever. And what that policy said. 
(0:52:51)  is as a matter of administrative policy, we do not have to obey the constitutional provisions related to financial budgeting and disclosure. We do not have to obey the laws and we do not have to obey the regulations. What we can do is appoint a secret group of people by a secret process to move money out of the financial disclosures of the United States. 
(0:53:17)  And 150, so it's the 24 covered agencies plus approximately 150 governmental entities. And when you throw in the classification laws and the national security laws, it also applies to the big banks and contractors working for the U.S. government. Now, let me explain what this means as a matter of investment. 
(0:53:41)  When I look at the U.S. large cap stock market or the U.S. bond market, the treasury market, I have no financial disclosure that has any meaning. Everything's secret. I have no idea what it means. If I pick up the financials of a New York Fed member bank that is running the U.S. Treasury Department's bank accounts, or if I pick up the Treasury financial statements, they're meaningless. They don't mean anything. 
(0:54:10)  What's missing? You can't know. All you can know is a secret group of people can make whatever they want go missing and you can't know what it is. It's all secret. So I'm looking at half the cake, but I don't know what part of the cake is missing. So it's meaningless. You don't even know if it is half. Right. It has reached a level of absurdity. 
(0:54:40)  But the absurd thing is, as a legal matter, to take the position that an administrative policy agreed upon by the uniparty can overrule the Constitution, can overrule the laws, and can overrule the regulations simply by, you know, like, you know, you wave the wand and suddenly, magically, law doesn't matter. 
(0:55:07)  I mean, now you're talking, and you also saw this in the financial crisis. A decision was made by Eric Holder in the Department of Justice to not prosecute HSBC. There's a wonderful video on the Best Evidence channel by John Titus about this whole thing. And basically, what they said is a systemically important... 
(0:55:30)  This is under the BIS. There's a definition under the BIS, under the Financial Stability Board, of a financially systemically important institution. These institutions are free to break the law with no... 
(0:55:46)  They're free to break the law. At most, all they have to do is kick back a piece of the profits to the Department of Justice. So it's like a formal kickback system. And what you're saying is that you're taking the sovereign immunity of the BIS and through the New York Fed, extending it to the banks that are running these operations. J.P. Morgan and the rest, Bank of America. Right. 
(0:56:07)  So what you've done with the BIS, the IMF, the World Bank, the UN, you've created all these different organizations. And if you look at, we did like 40 in Latin America, you've created an international overlay of organizations that have various forms of sovereign immunity. Of course, the big one being the BIS. 
(0:56:30)  And so if they are free to break the law, I mean, if you look at the financial crisis, what you're saying is these companies can lose trillions of dollars, have it replaced by the taxpayer and keep on going. So now is the point of the conversation where I have to ask the obvious question, which is who are these people? So can you name some of the people who you believe are making these decisions whose decisions are effectively, as you just said, above the law have? 
(0:56:59)  effective immunity right so so that's the question sort of who is mr global yeah and and my experience is the bureaucracy that that sort of runs things is the central banking bureaucracy so we've described the bis and the central bankers so think of the planet as a house so you have the house then you have financing the house that's the mortgage 
(0:57:22)  then you have the insurance and you know if you don't have the insurance, then you have the equity in the house, right? And the insurance layer is very, very important to make sure that the equity is protected, right? Okay. So you've got the real assets, you've got the banking system, you've got the insurance system, and then you've got the owners. So in my experience, if you go to the BIS and you look at the systemically important institutions and the members, 
(0:57:50)  You know, that's the bureaucracy that runs the debt and the transaction system. So the, you know, the transactions. Because the whole thing depends on being able to swap and transact. The insurance group is very important for the reasons you just described, same as on your house. And then the question is, who are the real owners? And that's the mystery. And I've spent my whole life trying to figure out who are the real owners. And basically, from what experience I've had, 
(0:58:19)  If you know their name, they're not one of the important owners. Do you know what I mean? It's intergenerational pools of capital. Now, here's what's interesting. One of the most powerful pools of intergenerational capital that I've ever dealt with is the Harvard Endowment. And if you look at the squabble going on over who controls the Harvard Endowment right now, it's a very interesting squabble. Can you summarize it? 
(0:58:49)  The Trump administration and the Department of Justice now in a lawsuit with Harvard over who has what powers over Harvard's policies. But I think the big fight is not the, you know, in asymmetrical warfare, the fight is never what the fight's really about. The real fight is about who controls the, so Harvard Corporation. 
(0:59:16)  The university is only a portion of the Harvard Corporation. The Harvard Corporation runs the university and it runs the endowment, okay? And the Harvard Corporation, in my experience, is one of the most important investment syndicates in the world. And because they have a tax exemption, they don't have to pay taxes. 
(0:59:35)  They spin off, I think the last time I looked, I don't know what it is currently, but they spin off about 4% a year for the university, which is a lot cheaper than paying taxes. And it's a great investment because the university provides all sorts of intellectual and human capital to the investment syndicate. So it's a very brilliant, elegant model. And my theory is it was the model that was really created to sort of... 
(1:00:00)  compete with the Vatican and the Catholics who had 2,000 years of diplomatic immunity and no taxes. Anyway, but the Harvard Corporation is run by a perpetuating board. So the board members, if a board member leaves, they pick a new board member. So it's a self-perpetuating board. 
(1:00:21)  And my guess is behind the scenes, if there's a fight, one of the fight is who gets on that board because then you control a $50 billion plus endowment. And a $50 billion plus endowment, which now has a 39% private equity portfolio. And these are, you know, I said on Money in Markets, which is our weekly show, I said the other week, you know, if this is a monopoly board, that would be part place because it's such a flagship. 
(1:00:48)  In the world of investment, it's such a major leader. What would happen if the Congress decided to the new tax bill to tax university endowments? Which they should do. I don't know, because that will happen at the same time something else is going to happen. And these things are going to happen at the same time. The thing that's going to rock the universities is... 
(1:01:17)  If you look at how much money it cost you as a father to put one child through college, you know, you're talking about enormous bills. And if you look at how far the universities have gotten away from providing a great education, it's not a good investment. 
(1:01:41)  So when I was an investment advisor, I used to work with my clients' kids and we would literally do something. We have a learning plan on Solari now that came out of this. I would literally make them price time and money for each course they took by course. 
(1:02:01)  And I would basically make them say, look, what do you want to do in this life? And what are the skills and tools you need to do it? And how are we going to go get those tools with the least amount of your time and the least amount of your parents' money? How are we going to really? And we would come up with these wild education plans where they would like, you know, go to San Francisco for this audio video course. And then they would be next year in Budapest studying at the university. You know, because you want to. 
(1:02:31)  You want kids to learn about the world, and you want them to be, you know, not provincial, stuck in... You want them to be educated. Yeah, you want them to be educated. Anyway, but we would come up with these very creative things, and what you discover is, in a world of YouTube University and access to extraordinary, you know, resources all around the world to get a great education... 
(1:02:56)  The universities in the United States have gotten unbelievably bloated and unbelievably off track. I think everyone senses that. And they're a terrible – if you're a loving parent, they're a terrible investment. You love your children. You want your children to be successful. If I want my child to be successful in the world we're going into, whether it turns into a control grid or the control grid, as I believe, will fail. 
(1:03:23)  You want them to have an outstanding education. And I will tell you bluntly, the reason the unipolar model failed is because we don't have a culture that can field and manage a unipolar. That's exactly right. We don't have the human capital to run the world. We don't have the human capital, but we're teaching our human capital to adopt a culture that cannot succeed. Exactly right. Right. So if you're going to run the world, you need Eaton and Sandhurst. 
(1:03:53)  To provide an administrative class that's tough, clear thinking, has a well-defined mission. I don't start with that. Self-sacrificing. You need Christianity. Well, both of those, you know, certainly Eden was a Christian school. Right. If you're going to be part of a project that is longer than a lifetime, then you have to understand that this is about, you know, at the root, this is about your immortal soul and your soul is immortal. 
(1:04:21)  And that triggers a very different way of looking at the world and a very different way of thinking. And then you have to be able to collaborate across time and space in very powerful ways. That takes trust and faith. You have to be agreement capable. 
(1:04:37)  And you can't run a unipolar model, let alone a successful multipolar model, unless you're agreement capable. So this is Lavrov's term, and this is what the Russians understood, and this is why they whooped our ass in Ukraine. They are agreement capable, and we are not. Now, we're sure you've heard plenty of those free phone promises from America's biggest wireless carriers. 
(1:04:59)  If those deals sound too good to be true, it's probably because they are very often too good to be true. They come with layers of fine print requiring you to sign up for four lines plus activation fees, plus, plus, plus this, that, the other thing. You don't even understand what you're signing up for. And by the time you're done, you've paid for that free phone 3X. It was a pretty expensive free phone. It's kind of a scam, honestly. 
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(1:05:51)  All you need to do is switch to PureTalk, $35 a month for unlimited talk, text, and 15 gigs of data with mobile hotspot, all on America's most dependable 5G network. Go to puretalk.com slash talker to claim your free Samsung Galaxy with qualifying plan when you switch to PureTalk, wireless by Americans for Americans. Man, there's absolutely so much. Let me just move back once again to something that you said. 
(1:06:20)  about policymakers, the Congress, the central banks, the White House, giving up on the American model in the mid-90s when the budget deal failed. I think you said it was 95. I vaguely remember that. This democratic system or whatever version of a democratic system we have, our system is incapable of... 
(1:06:42)  Self-perpetuating long term. It's just too dysfunctional. And that's obviously true. It's too corrupt. It's too corrupt. It's too corrupt. Clearly true. Everyone senses that. This isn't working. We're going to get a new system. They figured that out 30 years ago. The one kind of brick wall that is looming right in the windshield is the debt meltdown. Ray Dalio talks about it every single day. Like we have too much debt. People are going to stop buying our debt because it's clearly a bad deal. 
(1:07:09)  And, like, what happens then? And you suggested the control grid is in part designed to manage the population during that moment, maybe? Yeah, in part, yeah. So if you want to move people to a much lower economic footprint, let alone do it on a shocking basis, having complete control is obviously very convenient. Okay, so the bottom line is everybody's about to get a lot poorer. Not everybody, but the majority's about to get a lot poorer. 
(1:07:36)  Depends on how they do that. If you bring out breakthrough energy, you can soften the blow. There are many things you can do to soften the blow. It doesn't have to be like Russia in 1990 and 1991. That's exactly what I was thinking. It doesn't have to be. Can they do it that way? Yes. So it comes down to who governs and do they want to do it? You know, one of my favorite lines is from Tina Turner. She says, we can do this nice or rough. Yeah. 
(1:08:01)  And we could do it nice and we can do it rough. There are ways of doing the control grid nice and we can do it rough. And what are they planning? I don't know. To a certain extent, remember the way, in my experience, the way they govern is they have targets and goals. And then, you know, you sort of make it up as you go. And sometimes it works. It's very fluid. So I wonder if the AI, if the data center boom, which really is the only sort of crackling, sparkling piece of the real estate. 
(1:08:29)  market right now. I think it's building data centers, development market. Just call them control grids. Control grids. They're control nodes. I'm totally opposed to it. But massive bets, economic bets on the success of AI, right? And the missing piece is energy and how do you power all that? And we're already, as you pointed out in an analysis I read. You have to bring out the breakthrough energy. That's what I'm saying. So like either 
(1:08:55)  They're going to build it on coal deposits in Wyoming, which is going to be kind of hard because they're going to have to say all that climate stuff we've been yelling at you about for 30 years is total bullshit. Now we're burning coal. There was just an article in Bloomberg that Texas needs 30 new nuclear plants, and the Chinese are building enormous numbers of nuclear plants. 
(1:09:14)  Yeah, and there are risks in nuclear. I mean, I'm a right winger and I've always defended nuclear, but let's be totally honest, like it's not risk free big time. Well, here's the thing. How do you govern and manage nuclear plants with leadership that's not agreement capable? Completely. And also like in a country that's not turning out enough people in the heart, not enough engineers. Right. So no, there are huge problems with that. 
(1:09:39)  But that question is being forced on policymakers. Like, what do you do about energy? What do you do about energy? And wind and solar, like, we're going to be laughing about that in five years because it's just silly. Well, one of the things you can do about energy is depopulate. Right. And I know for a fact, I'm not guessing at this, that there are people running country. 
(1:10:00)  around the world who've thought about, like, what does AI mean for my population means I've got too many people. So this is something, I know this for a fact, I'm not guessing, that leaders of countries are talking about between each other. Like, I know that. And I'm not saying they're committing genocide or whatever, but they know that they're about to be far fewer people. They're just looking at hard statistics. They are. That's exactly right. So there's another thing that I don't understand very well. I've just... 
(1:10:26)  Listen to people. But if you listen to Sean Parker saying, I'm going to live to 145, or there's an interview where the president's son-in-law says, you know, we're going to be the last generation to die or the first generation to live forever. So you clearly have a group of people biohacking who think they can engage in massive longevity. It makes me want to start smoking again. 
(1:10:50)  I'm just being honest. I don't want to be, I just want to move, I want to pivot away from that level of soul-destroying hubris. Right. Because that's what that is. I'm God. No, you're not. And you're going to find out the hard way that you're not. So it does make me want to smoke. Right, but what I'm saying is if you truly believe you can do that and you're not going to allow the general population to do it for environmental reasons, then you would be for depopulation. Of course. Right. That's totally true. This is, again, Farfield, do you think there's evidence that people will be living to 145? 
(1:11:20)  I have no idea. I don't either. I don't really care. In other words, there's a whole set of scenarios I don't care about. I'm interested in freedom. And I believe that the only way we can be free is through a culture that embraces the divine and builds true wealth, enduring wealth, and living wealth, not just financial wealth. What is true wealth? True wealth, well, you know, because I would say you're truly, 
(1:11:50)  Truly wealthy. I feel I am. Right. I don't have that much money, but I feel that way. Well, it's an integration of living equity with financial equity. And what I learned being a financial advisor is that everyone had been taught to build financial equity and they couldn't integrate it with living equity. So you'd work with somebody who's worth millions of dollars who said they couldn't afford organic food. I was like, are you crazy? 
(1:12:17)  The number one thing that causes a diminution of family wealth is health problems and, you know, health care fraud and health care bankrupts. It's like, you know, please take a million dollars out of your bank account and start investing. 
(1:12:33)  in really building, you know, doing everything you and your family need to be really healthy, you know, to have perfect water, to have great food, etc. The other thing I discovered was, you know, everybody was trying to put their money in the national security state instead of helping their kids buy homes and integrating with, you know, building the living equity. So my mother's family were Quakers. 
(1:12:58)  And you didn't even think about buying stock until you sent all your kids to the best Quaker schools. You know, that was like, that was first. So you think it's a, you're dropping so much here. I'm just trying to pause, like tease out certain themes, but you think it's wiser, you know, if you have children and you care about them to help them buy homes than it is to. Absolutely. Who's, so can I, there are two stories I'm dying to tell you. Please. Okay. During the litigation. 
(1:13:26)  You know, you get in the situation. What litigation? So I litigated with the Department of Justice for 11 years. Or actually, it was some of that was fisticuffing with the tax guys. But anyway, so I had the sort of enemy of the state process. I had 18 audits and investigations, 12 tracts of litigation, a smear campaign, and physical harassment. So they didn't like what you were saying? 
(1:13:54)  They didn't like the idea that I would try and stop the mortgage bubble. They really wanted to have a mortgage bubble. And we were doing things to bring disclosure. It's called place-based financials. I really believed that if local communities could see how all the money worked in their neighborhood. 
(1:14:14)  that we could change things. So for example, I would constantly, when I was at the Department of Housing and Urban Development, I would find neighborhoods where we were spending $250,000 per unit to build public housing and $50,000 would buy and rehab a defaulted, a foreclosed property in the FHA inventory. And so literally, if you could just within a four or 10 block area, you know, 
(1:14:42)  take that $250,000 and spend it in the way that was most efficient in that place, you could get four or five homes for the price of one. And it was really amazing. When I took those numbers, we did all sorts of due diligence. This is when I was a contractor to the woman who worked for the guy who ran the $250,000 program. And I showed it to her and I said, look, we could, you know, New Orleans, Chicago, LA. 
(1:15:09)  We could get four or five homes for the price of one. And she turned bright red and she said, but how would we generate fees for our friends? Exactly. Right. Or how would we pay off foreign countries who flood our... 
(1:15:22)  our political system with donations. If, you know, if we're actually spending it to like build nice houses for Americans, like repair Redding, Pennsylvania, we could be spending it in whatever disgusting Middle Eastern place. So, so if you look at place-based financial statements, there's extraordinary opportunity to just re-engineer what's already there without taking money from anybody else and, and making it. So I really thought if you, if you create, so we created a software tool called Community Wizard. 
(1:15:49)  that would allow everybody on the internet to just come and download the data and start looking at how the money worked in their places in a way that you could see real opportunities. Okay, so let me tell you two stories. The litigation starts, and literally you go from being very wealthy and very trusted and very... 
(1:16:08)  perspective to being an enemy of the state. No one will talk to you. It's your phone. And suddenly all your income stops. All your income stops. Your credit stops. You're just frozen. And by yours, you mean yours. Yeah, yeah. So anyway, so you have the assets that you have. Luckily, they never turned off my bank account, so I was lucky that way. But one of the things that happened was they started 
(1:16:35)  I'd had a farm in New Hampshire and I sold my share to my uncle. I had a wonderful and very wealthy uncle who was like the patriarch. And he bought my, and I warned him, if you buy this, you know, they may come after you too. And he was a very stand-up guy, very fearless. And he said, you know, I'll deal with that. So sure enough, I sell him the farmland. They call him and they say, you know, your niece is a criminal and you shouldn't be doing this, blah, blah, blah. 
(1:17:04)  And they said, we want the financial records from the farm. We want all the financial records of the farm. And he said, well, send me a letter so I can give it to my lawyer and I'm happy to send them to you. And this is the summer farm where all the family goes. Anyway, so instead of sending him a letter, they show up at his house in Portsmouth, New Hampshire at... 
(1:17:30)  9 p.m. at night, three FBI guys and a HUD IG guy with a subpoena. And it was designed to scare them. So the family had a big powwow. Should they drop me because they don't want to be targeted? And he said, well, you know, she always helped us. So it turned out I counted it up. At that point, I had lent or given. 
(1:17:57)  to family and friends, $250,000. Just, I made a lot of money, I loved making money, and people needed help, and that's what money's for, so. That is what, to restate, that is what money is for. So I just always, I hadn't even thought about it. By the way, your average, like, 23-year-old NBA player who's floating all of his cousins and single mom, he understands that better than your average rich person. Your obligation is to your family, including with money. Sorry. 
(1:18:25)  Right. Some of us are lucky, some not. Amen. Right. So he said she helped everyone, so I'm going to help her. And it took 11 years, but at the very, no, it was 2006, so that was about nine years. At the end of the process, when I won the litigation, we got money coming in. I sat down to either repay everybody who loaned me or gifted me money. 
(1:18:55)  Or almost everybody. Some had just gifted. And I counted it up. And what I realized is I had come into the litigation having loaned a quarter of a million. And then over the next nine years, exactly a quarter of a million had come back. And it wasn't tit for tat. I mean, it was different people, different things. You know, some had got and said, well, I guess she needs it back and repaid it. Or some had just gifted it because they knew I'd gifted. 
(1:19:23)  And literally, I put a quarter of a million out and a quarter of a million came back. And Tucker, if it wasn't for that money, I wouldn't be here. I would never have made it through. And it was because it was in the people bank and they couldn't shut the people bank off. You know, they could do all sorts of things to shut off all sorts of resources and income. But if it's in the people bank and the people you love and trust. 
(1:19:47)  You know, it comes back. I love that. Yeah, it's great. So when I finished the litigation, I had had a 401k that I'd had to bust. It had 500,000. 
(1:20:00)  I paid $225,000 in fines and taxes to get it out. Well, I don't think they thought. They put my 401k under audit so I couldn't use it to finance the business. It was dirty tricks. Anyway, so I take the money out. So my accountant, when we get the settlement money, she said, let's fund up the 401k. I said, no, I'm never going into business with the U.S. government again. No way. I don't want any of those vehicles. I'm out. 
(1:20:29)  And I said, but the other thing is I'm taking that $500,000 and I'm bonusing it out on the people bank. And I'm going to start a new business and I think that business will be successful. So I don't need that $500,000. It'd be nice, but I don't need it. But I need to get that money back in the people bank because that is the only bank in this world I trust. And so, you know. That's like a beautiful story. Well, here's the question. And I used to always say this with my clients. 
(1:20:58)  who's going to be there for you, right? Who's going to be there for you? That's the people bank. And you want to invest in the people bank. Now, it may not be money. It may be time. It may be help. It may be, there's a wonderful book called Family Wealth by a guy named James Hughes. I don't know if you've ever heard of it or seen it. And basically what he does, my great uncle didn't like the book so much. He said, you're trying to turn our family into a corporation. I said, no, I'm not. 
(1:21:25)  But it basically teaches a family how to conspire together. Basically, have a dinner once a month or once whatever, and talk about what's in your heart to do. You know, this person wants to do this, this person wants to do this. Some things make money, some things don't. But help each other be successful at whatever your passion is. And work as a family. You know, I always, at Solary, we say, don't worry about if there is a conspiracy. If you're not in one, you need to start one. 
(1:21:55)  And a great family should be a conspiracy where you're trying to help each other succeed. I love that. Yeah. I mean, these are ancient and, with respect, very obvious points. Exactly. But I don't think I've heard someone say them in a long time. Well, but if we're going to build a successful culture, that culture has to be good at building wealth. 
(1:22:20)  living wealth and financial wealth, both on an integrated basis. So if you come to Soleri, we have a curriculum called Building Wealth. And it has six pillars. And we organize all of our content into and around building wealth. And because it's part of what you have to build to build a culture that can really be part of real solutions. So the first pillar is free and inspired life. 
(1:22:47)  You know, our theory is you have a goal, you have a relationship with the creator, and you decide. You know, what's your free and inspired life? Everybody's unique. And in a decentralized world, everybody is unique. You know, there's no formula, so to speak. The second one is navigation tools, and that's where people get burnt. So we say in navigation tools, there's an official reality, and then there's reality. 
(1:23:15)  And you need to know both. And reality is for the management of your time and money. And the official reality is for the cocktail party. And you need to not get those. Don't use the official reality to manage your time and money because then you're going to get. I mean, I clean so many people up from financial fraud and health care fraud because they believe the official reality. So you can't do that. The third is risk management because in this kind of dangerous environment, everything's about. 
(1:23:42)  keeping your risk down. And that's more important than making money. It's more important to lower risk than make money. So in a well-governed world, we'd all be focused on outside. On growth, but now we're just... We've got to be focused on risk. Preventing loss. Right. And then the fourth is living equity, and that's all living things. That's people, that's family, that's culture, that's education. 
(1:24:10)  You know, all the things that go into that. And then financial equity, all the things you know. And then the last one is to me the most important. It's called Turtle Forth. So did you get the hat, the Turtle Forth hat? I did, yeah. Okay, Turtle Forth is about never quitting. You must never, ever quit. And the whole goal of the people who are trying to centralize is to get you to think it's hopeless. 
(1:24:37)  And John Rapoport used to always say, hopelessness is an op and it's planet wide. Well, because I am actually struck by, well, by everything that you've said. I think this could be like a nine hour conversation if we let it. I have one more story. But I am struck also by your tone. I don't think I've ever heard someone describe. 
(1:25:02)  dark deeds with more cheerfulness like how do you how do you not go crazy so you have to keep a state of amusement i mean it's i really you know i one of the most breakthrough moments for me in the last 20 years was when i i realized that it was okay to be happy no matter what was going on and sometimes you can't be it's so horrible what's going on but i'll tell you exactly when it happened i had a wonderful church 
(1:25:30)  where I studied spiritual warfare for two and a half years at the beginning of the litigation, and it was that training that saved my life. But I was at a sermon, and there was a co-pastor who had very long fingernails, and she was very angry, and she was shaking her hands with her long fingernails. And, you know, sometimes when you're in a big church, and they point right at you, and she said, 
(1:25:54)  She said, the devil can have my house and the devil can have my car, but the devil cannot have my joy. And it was like, I exploded in my head and I said, that's it. That is it. That is it. Hey, it's Tucker Carlson. You may have noticed that the companies whose products you buy tend to kind of hate you. They're controlled by... 
(1:26:15)  massive multinational corporations, and they have all kinds of weird agendas that you're supporting when you buy their products. We didn't realize that nicotine pouches, which we've used for years, were in this category. We just want a nicotine pouch. And then they lecture you and take the money you give them to support things that you hate. So we decide we're going to make our own, and we did. And it is, we can say, not bragging here, just stating fact, the single best nicotine pouch in the world. It's called Alvin, and it comes in all kinds of excellent flavors. 
(1:26:44)  Wintergreen, Tropical Fruit, Chilled Mint, Refreshing Chill, Sweet Nectar, and a bunch of others that we're rolling out. By the way, there are 20 per tin, not 15 like some of our competitors will not be named. And they're in 3, 6, and 9 milligrams. It is the single best nicotine pouch ever made. You will not regret it. So it's a conscious decision not to allow that joy to be stolen from you. Right, and it's... 
(1:27:09)  sometimes it's hard did you ever did you ever see the never-ending story the movie the never-ending story read the book so so it's a wonderful child's story where um the child is the protagonist and he's fighting a force in the universe called the nothing and the nothing is running around the universe sucking meaning out of everything 
(1:27:31)  And it's hard when you're dealing. And if you look at this digital control, it comes with an energy that's very demonic and sucking meaning out of everything. And they're very good. They're masterful at turning allies against each other. The divide and conquer thing is really heartbreaking. It's happening right now on the right. It's heartbreaking. And so you're up against the nothing. And so sometimes we'll come together in a team meeting and somebody will say, 
(1:27:59)  I've lost my state of amusement. And then the team's job is to help them to get it back. I've lost my state of amusement. I've lost my state of amusement. And it happens. I can't, you know. But it is, I think of myself where, you know, I've had my amusement taken from me a number of times. But I always think to myself, like, if you're perennially shocked by evil in the world, like, you're a child. You're an idiot. Like, what did you think this was? Like, don't be naive. 
(1:28:29)  There's a lot of evil in the world. There always has been. Don't be shocked by it. Laugh in its face. You're always going to be shocked by it. Oh, I am. You're always going to be shocked by it. I'll tell you why you're going to be shocked by it. If you understand love, you can't fathom why anyone would reject that. Yes. 
(1:28:55)  And embrace evil because it's so stupid. It's so wasteful. It's so, as my mother used to say, it's so unnecessary. You know, it's just like, you just can't fathom why anybody would do it. You know, I watch the folks who are in the financial system who are deeply corrupt. 
(1:29:23)  And just constantly take and take and take, you know, the plunder team. And I think, how is that? To me, what they're doing is not fun. I love, you know. It's not fun. It's not fun. So I will tell you, my gift, everybody has a gift. My gift was an investment bank. I was absolutely fantastic. I was just really, really good at it. And the heartbreak for me was when I got. 
(1:29:48)  had to leave the establishment I lost the ability you know it's like a painter and you lose your ability to paint you can't get access to colors anymore so but I loved it and when 
(1:30:00)  you do it in the right way, two plus two equals 20. And it's so exciting. It's the best feeling in the world. It's like... Oh, I've lived it, yeah. Yeah, so when Van Gogh, it's my theory when Van Gogh finished a painting that, it's like, wow, you know, it's great. And you watch these guys do the fraud and destroy, you know, all the mortgage fraud and it destroys neighborhoods and it destroys family and it's just... 
(1:30:28)  It's like a lose, lose, lose. And you think, that's no fun. No, and they're not happy. I know a number of them. And I had a conversation with Ray Dalio, who I do like. I don't agree with him and everything, but I do like Ray Dalio. And he's got more perspective on life. He had lost a child. I think he was forced to kind of think through what matters. 
(1:30:50)  And I asked him off camera recently, like, do you know, I know a lot of miserable billionaires. I know a couple of happy billionaires, but how many happy billionaires do you know? And he's like, I know a few. Like, I'm actually pretty happy, but not that many. And that's a tell. Right. That's a tell. And I will tell you, the debt is a symptom. It's not the problem. What's a symptom? The debt. Yeah, the debt. The debt is a simple. Yeah. When there was 21 trillion missing. 
(1:31:19)  As of 2015, when we published that study in 2017, there was 21 trillion of debt. Now, first of all, remember, the Treasury can just issue currency. They don't need debt to create the currency. And in fact, I would say historically, the greatest currencies are fiat currencies that are not debt-based. So our problem is the debt-basing. But let's just grossly oversimplify and talk about what that means with the 21 trillion. 
(1:31:48)  So the Treasury sells treasury bonds to our pension funds, moves $21 trillion into the bank accounts at the New York Fed member banks for the Treasury. They're the depository. And then the $21 trillion disappears out of the back door. So it's just a straw that's sucking our pension fund money into, I call it the breakaway civilization. 
(1:32:16)  And meantime, we as taxpayers are now obligated to pay the debt that we owe our pension funds, and the money is gone. Why do you call it the breakaway civilization? Breakaway civilization was a term made famous by Richard Dolan, and it simply described a decision to create a parallel system. First, it started with the black budget, but it grew, call it the national security state. 
(1:32:44)  but to build a civilization that literally was separate and not subject to the laws of the existing ones. So if I'm running a company and I want to bring up new systems, I'll bring up the new systems while I'm running the old and I'll run them in parallel and I'll move things over slowly and then at some point I bring the current thing down. And to me, that's what the financial coup was. You're moving the money out of one system and putting it in another. So in theory, 21 trillion is enough. 
(1:33:13)  at a 5%, you know, interest rate to basically finance a private government, if you will, right? I'm not saying that's what happened, but in theory. Do you think it did? So when I was at HUD in 1989, it was late 89 or early 90, I was in a meeting with the secretary and we had brought all the regional administrators in for a meeting with the secretary. 
(1:33:43)  And he was very upset because the regional administrator from California had implemented something in response to a court decision. There was a court case in the Court of Appeals and they decided, okay, you got to go to the right. And so he had implemented that. And the secretary was having literally like a manic episode screaming, a huge temper tantrum, screaming at him. And finally this guy said, but Mr. Secretary. 
(1:34:12)  It's the law. And he just exploded with fury and he said, the law? The law? I don't have to obey the law. I report to a higher moral authority. And just at that moment, it was like, remember the scene in Eyes Wide Shut when you first walk in on the, you know, the secret society doing their occult ritual? You know, you had this image of, oh, you know, he literally. 
(1:34:41)  He doesn't have to obey the laws of the United States. He's operating under a different governance structure. People feel that way. Right. And that, you know, there are many, there's a very famous story of Lincoln when he's talking about his, what he wants to do to implement the reconstruction policies. And he tells a story about a young child saying, 
(1:35:08)  If I throw the fish back, dad will get mad at me, but if it slips from my hand accidentally and you grab it, then dad won't be mad at me. And the implication of the story is that Lincoln has a dad that he can't buck. And we're back to the question, who's dad? It's the same question as who's Mr. Global. And you've never gotten closer to the answer? 
(1:35:36)  settled on an answer. I, here's my guess. So we did, I once did a two hour interview on the salary report on who is Mr. Global, where we go through all the different theories. So I think literally you have intergenerational pools of capital, which meet and work by consensus. You know, it's a committee system and they do have a set of rules. And what I don't understand. 
(1:36:04)  I think their challenge is they're risk managers, and they're constantly pulling out a lot of money, and they always need to get that dividend. And the question is, why do they need the dividend? Where's the money going? Because they're constantly running the financial system to extract extra money. There's always disappearing money, and the question is, why and where's it going? And you think it's going to infrastructure projects? 
(1:36:31)  I think it's going to infrastructure projects. I think it's going to big investments like, you know, building the control grid is a big one. And one of my questions on the financial coup is, are they literally setting up an endowment so they can run, you know, the world on a global governance that's a dictatorship with an endowment? So it's the, you know, it's a bigger endowment than anybody else's. 
(1:36:57)  You said a couple minutes ago that the debt, the U.S. government's debt, which I think even people are not interested in this stuff, are aware that it's there and that it's a problem, is not the problem, it's a symptom. What did you mean? We, if you look at our current model, 
(1:37:20)  It is not being run on an economic basis, and it's getting much worse, and it's getting worse steadily. So let me give you an example. Our military budget this year is approximately $850 billion, and the president wants to take it, or the secretary of defense is saying we've got to take it to a trillion. Our HHS budget is $1.8 trillion. 
(1:37:44)  Dr. Skidmore just did an analysis. If we went back to 2010 levels of disability, we would lower that by half a trillion dollars. Half a trillion? Half a trillion. So America is, I call it the great poisoning. We've poisoned ourselves. And it's blowing the budget. And it's not just blowing the budget of the federal government. If you look at family budgets, it's blowing their budgets. 
(1:38:08)  You know, poison people are not productive and their health care costs can be very expensive. And you see that at the federal level and you see that at the state level, the local level and the family level. That's got to be dealt with. But, you know, if you look at the budget right now, its expenses are skyrocketing. And it's skyrocketing because the fundamental model of what we do and how we do it, it helps to centralize, but it's not economic. 
(1:38:36)  And so you got to change that. What we do and how we do it, do you mean how we live? Right. So now I get to tell you my last story. Okay? I can't wait. Okay, this is called the red button story. And if you put my name in on the internet, you'll get, you know, a copy of this story. Because it happened to me in 2000. I was asked by a healthcare practitioner. 
(1:39:04)  to give a presentation called How the Money Works on Organized Crime. And it later became a very famous article called Narco Dollars for Beginners. And it was meant to be a light, funny description of the intersection of organized crime flows with Washington and Wall Street. So I have an online book called Dylan Reed and the Aristocracy of Stock Profits that is a case study that... 
(1:39:29)  teaches people it's designed to be like a business school's case study that shows you that intersection between illegal cash flows and wall street and washington anyway so i'm in the middle of the speech and i'm describing the congressional testimony on the dark alliance allegations that happened in 1998 and at the time i was helping a reporter um do research 
(1:39:56)  and she was covering the hearings and a spokesperson 
(1:40:00)  for the Department of Justice told her, so I'm in the middle of the speech and there are about 100 people and the conference where I'm speaking is a conference that happens once a year by this group and the focus is on how we evolve our society spiritually. So this is a very spiritually committed group of people who want to evolve our society spiritually. Okay, so I'm describing the... 
(1:40:25)  the fact that a spokesperson for the Department of Justice told this reporter I was helping, that the U.S. economy launders $500 billion to a trillion dollars a year of all illegal money. So that's narcotics trafficking, that's financial fraud, that's, you know, everything, it's human trafficking. And the number is now much, much bigger. But they were describing the fact that the U.S. economy and financial system is the leader globally in laundering dirty money. 
(1:40:54)  So I said to this wonderful group of spiritually evolved people, what would happen if we stopped being the global leader in money laundering? And we had a little conversation. They said, well, you know, the money would leave the New York Stock Exchange and go to Singapore or Zurich or London. And we might have trouble financing the government deficit because now we borrow over half of the money currently. 
(1:41:23)  And so we, you know, our taxes might go up or our government checks might stop. So I said, okay, let's pretend there's a big red button up here on the lectern. And if you push that button, you can stop all hard narcotics trafficking in your town, your county, your state tomorrow. Thus offending the people who control $500 billion to a trillion dollars a year of all dirty money in the accumulated capital thereon. 
(1:41:51)  Who here will push the button? And out of 100 people dedicated to evolving our society spiritually, guess how many would push the button? I don't know. One. The other 99 would not push the button. Wouldn't keep all those kids from dying? Yeah, it would. So wait. So I said to them, I said, why would you not push the button? So we had a little conversation. They said, we don't want our taxes to go up. We don't want our government checks to stop. And we don't want our 401ks and IRAs to go down. 
(1:42:22)  So if I had voted, there would have been two pushing the red button. So what I discovered that day, the problem was that not that they wouldn't push the red button, but they wouldn't go into the invention room and have an honest conversation about what the real problem was. 
(1:42:39)  And how I call it how we turn the red button green, how we make money pushing the red button, because then we can push the red button. And you have to push the red button because you cannot become wealthy liquidating your children. You cannot become wealthy by poisoning your children and your people. And yet that's what we've been doing in America for decades now. And now here's the political problem. 
(1:43:04)  If you're the new president of the United States and you walk into the Oval Office, your political guy... 
(1:43:13)  is going to say to you, Mr. President, the American people just spent billions getting you voted in as president, and now they want payback. They want their government contract. They want their privatization. They want the COLA increase on Social Security. They want a community block development grant. And you're going to turn to your Secretary of Treasury, and he says, well, you better be nice to the people who control $500 billion to a trillion dollars and the accumulated capital thereon. And, of course, the number's much bigger now. Now, how are you going to press the red button? You can't. 
(1:43:43)  And if you look at the history of politics in America, the history is everybody wants their check and they want the story of I am good. I'm a good Christian. I'm not doing any of this corrupt organized crime stuff. You know, I'm just voting. You know, so I say it this way. When Goldwater... 
(1:44:03)  The end of World War II, George Keenan said we got 6% of the people and 50% of the resources, and we're going to have to be tough if we keep this going. So Goldwater ran for president. He said we're going to have to drop a lot of them. 
(1:44:14)  And the American people said, oh, no, we don't want to do that. We're good Christians. So Jimmy Carter came along and he shivered in front of the fireplace. And Americans said, oh, no, we don't want to do that. We don't want to cut back. And so the Bushes came along and said, you know something? You all are good Christians. Here's your check. Don't ask questions. And that's where we've been. Everybody wants the story of I am good. And the problem, you can. 
(1:44:40)  You can push the red button, you can turn it green, but it has to be done one neighborhood at a time. You need to take all the money into place, and instead of spending the government money to centralize control, and on the control grid, you need to re-engineer it to build real wealth. And you've got to decentralize the economic power. If you centralize and you create lots of billionaires, you're going to shrink the pie, and that's what we've been doing. 
(1:45:07)  And we've been making money from poisoning each other. If people want to learn more about your research and your views on things, if they want to know about the 11 years you spent fighting the feds for blowing the whistle on them, where do they get that information? So we publish the Solari report. It's solari.com, S-O-L-A-R-I.com. And we have a subscription service. And we have a lot of free... 
(1:45:36)  So if you want to get to know us, you can come in and you can learn tremendous amounts from the free stuff. We'd love to have you as a subscriber. And we have a great group of subscribers. What happened to me was I fell into this because I had terrible, terrible experiences with the corporate media. And so I just started doing shows and giving out my email and saying, if you have a question, ask me. And over many years, the questions would come in. 
(1:46:05)  publish the answers and, you know, it'd go on and on and went on for free for a long time. And then finally, I got so many questions that I would just, you know, I finally said I need to hire people. But we have this global network of subscribers and audience who get on the site, share comments, they're brilliant, and we help each other figure things out. And we've literally become an intelligence network. 
(1:46:30)  You know, and it's all people who want to be free. And they all understand one can't be free unless we're all free. You know, this is an all or nothing thing. They either get the control grid or we're free. And the only way we're going to be free is if everybody's free. It's an all or nothing deal. And there are a lot of people now who understand this and are gathering. 
(1:46:51)  So I have many subscribers. I just know from what they say. I have many subscribers who are your subscribers because they feel and I feel you're on the same journey. Yeah, I'm just not a very systematic thinker. So my instincts tell me that you're telling the truth. And, of course, I agree completely with your orientation. My brain doesn't work that way. So it's been a true pleasure to hear all of this. Thank you. Well, thank you. 
(1:47:18)  I love your work, so. Thank you. I've been a subscriber from the very beginning. Underground bases! You're blowing my mind! Catherine Austin Fitz, thank you very much. Thank you. 
(1:47:32)  So it turns out that YouTube is suppressing this show. On one level, that's not surprising. That's what they do. But on another level, it's shocking. With everything that's going on in the world right now, all the change taking place in our economy and our politics, with the wars on the cusp of fighting right now, Google has decided you should have less information rather than more. And that is totally wrong. It's immoral. What can you do about it? 
(1:47:58)  Well, we could whine about it. That's a waste of time. We're not in charge of Google. Or we could find a way around it, a way that you could actually get information that is true, not intentionally deceptive. The way to do that on YouTube, we think, is to subscribe to our channel. Subscribe. Hit the little bell icon to be notified when we upload and share this video. That way you'll have a much higher chance of hearing actual news and information. So we hope that you'll do that.