[00:00.000 --> 00:12.440]  In Iraq Friday, a car bomb devastated a Shiite mosque, killing 37 pilgrims.
[00:12.440 --> 00:18.640]  A new CNN opinion poll shows popular support for the Afghanistan war is at an all-time
[00:18.640 --> 00:19.640]  low.
[00:19.640 --> 00:24.680]  54 percent of respondents are opposed and only 41 percent in favor.
[00:24.680 --> 00:30.680]  Wednesday's CIA drone strike in South Waziristan, which killed Taliban leader Beytullah Mesud's
[00:30.680 --> 00:41.120]  second wife and injured several children, may have also killed Mesud himself.
[00:41.120 --> 00:47.080]  A court in Virginia heard Thursday guards employed by the U.S. security company Blackwater
[00:47.080 --> 00:51.720]  shot and killed Iraqis in allegedly unprovoked and random attacks.
[00:51.720 --> 00:57.480]  The court also received sworn statements from former Blackwater employees alleging that
[00:57.480 --> 01:03.120]  Eric Prince, the company's founder, views himself as a Christian crusader tasked with
[01:03.120 --> 01:05.800]  eliminating Muslims and the Islamic faith.
[01:05.800 --> 01:11.000]  They also accused the company of following a policy of deliberate killings and arms dealing
[01:11.000 --> 01:16.960]  and of employing people unfit or improperly trained to handle lethal weapons.
[01:16.960 --> 01:22.600]  In Baghdad Thursday, some Iraqis said they believed the case was a last chance for justice
[01:22.600 --> 01:27.600]  and an opportunity for America to divorce the behavior of its military from private
[01:27.600 --> 01:28.600]  contractors.
[01:28.600 --> 01:34.880]  Fareed Walid, who was shot in Nisour Square two years ago during a massacre that killed
[01:34.880 --> 01:41.200]  17 Iraqis, said everybody here knows of cases where Blackwater guards shot innocent people
[01:41.200 --> 01:47.760]  without a second thought.
[01:47.760 --> 01:52.520]  In Afghanistan, a U.S. military helicopter Thursday attacked a group of what it believed
[01:52.520 --> 01:57.480]  were militants loading munitions into a van, killing five of them.
[01:57.480 --> 02:02.920]  According to police in Kandahar province, they were farm workers loading cucumbers.
[02:02.920 --> 02:08.620]  Despite police confirming the van it hit was full of cucumbers, NATO maintained those it
[02:08.620 --> 02:10.320]  killed were militants.
[02:10.320 --> 02:14.720]  The attack is the second disputed incident of civilian killings in Kandahar province
[02:14.720 --> 02:16.400]  in as many days.
[02:16.400 --> 02:21.680]  The previous night, another helicopter launched an attack on a family compound, killing four
[02:21.680 --> 02:24.080]  people, three of them children.
[02:24.080 --> 02:27.920]  The family insists the four were sleeping at the time of the attack.
[02:27.920 --> 02:34.120]  NATO insists they were carrying plastic jugs and assumes they were planting roadside bombs.
[02:34.120 --> 02:39.400]  NATO maintains the four were insurgents, despite the fact three of them were children.
[02:39.400 --> 02:44.280]  The two incidents come just a week after a UN report cautioned the war is taking a rising
[02:44.280 --> 02:47.520]  toll on the civilian population.
[02:47.520 --> 03:01.560]  Top of the hour news brought to you by INN World Report.
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[03:05.040 --> 03:06.040]  Sorry!
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[03:13.920 --> 03:19.280]  Hi, my name is Steve Holt and like millions of other Americans, I was diagnosed with stupidity
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[03:24.480 --> 03:26.560]  in America, the television.
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[04:01.400 --> 04:08.400]  You are listening to the Rule of Law Radio Network at ruleoflawradio.com, live free speech
[04:08.400 --> 04:32.600]  talk radio at its best.
[04:38.400 --> 05:02.800]  You are listening to the Rule of Law Radio Network at its best.
[05:32.800 --> 05:37.720]  bad boys bad boys. what you gonna do, what you gonna do, when they come for you?
[05:37.720 --> 05:49.680]  bad boys bad boys. what you gonna do, what you gonna do, when they come for you?
[05:49.680 --> 05:57.600]  alright bad boys bad boys, what are you going to do when we come for you?
[05:57.600 --> 06:09.120]  Randy Kelton, Eddie Craig, Debra Stevens, it is Friday evening, August 21st, 09, and
[06:09.120 --> 06:17.620]  tonight on our Friday evening info marathons, our listeners are accustomed to us frequently
[06:17.620 --> 06:21.520]  going into overtime mode until 2 or 3 in the morning.
[06:21.520 --> 06:24.760]  Tonight we have a very special guest, his name is Steve.
[06:24.760 --> 06:31.320]  He is going to be discussing the banking system, the banking industry and the state of our
[06:31.320 --> 06:36.160]  current economic, we're on the verge of collapse.
[06:36.160 --> 06:37.160]  We all know this.
[06:37.160 --> 06:42.480]  So Steve is going to be talking about the economy, fiat currency system, the banking
[06:42.480 --> 06:44.840]  industry and these sorts of matters.
[06:44.840 --> 06:48.480]  So Steve, thank you very much for joining us tonight.
[06:48.480 --> 06:49.480]  Thank you for having me, Debra.
[06:49.480 --> 06:54.400]  And Steve, if you could just give us and our listeners a little bit of background on yourself
[06:54.400 --> 07:00.800]  and the work you've done in the industry, you know, which led you to come to your understanding
[07:00.800 --> 07:03.400]  of the system as it is today.
[07:03.400 --> 07:04.400]  Okay.
[07:04.400 --> 07:09.560]  Well, I've been a financial analyst for about 20 years.
[07:09.560 --> 07:17.440]  And during the course of my career, I've done mostly like 99% of private work.
[07:17.440 --> 07:23.020]  I don't have a license to actually do this on behalf of other people.
[07:23.020 --> 07:29.400]  So what I've been doing is basically giving support, analytical risk management and risk
[07:29.400 --> 07:38.400]  mitigation support for backroom floor traders, operators, market makers, commodity pool operators
[07:38.400 --> 07:40.480]  and the like.
[07:40.480 --> 07:42.840]  And these are not, you know, little fish.
[07:42.840 --> 07:44.520]  They're very hard to please people.
[07:44.520 --> 07:46.080]  They're very finicky.
[07:46.080 --> 07:50.280]  And to survive in this industry, you have to be willing to put in some very, very long
[07:50.280 --> 07:54.400]  hours.
[07:54.400 --> 07:58.480]  You know, with that whole I don't have a license thing, I'd like to start, you know, this whole
[07:58.480 --> 08:05.000]  conversation tonight with if anybody is listening and hears my voice, I do not have a license
[08:05.000 --> 08:07.400]  to give anybody financial advice.
[08:07.400 --> 08:15.080]  I agreed to talk with Debra and all of you strictly on either educational or entertainment
[08:15.080 --> 08:16.920]  purposes only.
[08:16.920 --> 08:22.880]  If you hear some opinion come out of me and it makes you want to take some form of action,
[08:22.880 --> 08:29.840]  I could not stress highly enough to anybody, please seek the help or assistance of any
[08:29.840 --> 08:35.920]  qualified financial expert before you do anything.
[08:35.920 --> 08:43.440]  And as far as, you know, other background things, I've had a handful of side projects
[08:43.440 --> 08:44.440]  going on.
[08:44.440 --> 08:52.800]  We'll get into that later, but I've basically been doing this for about 20, 21 years now.
[08:52.800 --> 08:53.800]  That's awesome.
[08:53.800 --> 08:59.280]  I can't wait to hear the whole, your whole analysis of what's going on.
[08:59.280 --> 09:02.960]  And I do want to ask the callers, please hold off on your calls.
[09:02.960 --> 09:06.880]  We'll be taking calls later on in the show, but we want to give the floor to Steve so
[09:06.880 --> 09:08.880]  that he can present his information.
[09:08.880 --> 09:16.160]  Okay, Steve, so what is your take on what's going on now as it relates to the whole political
[09:16.160 --> 09:17.160]  scene?
[09:17.160 --> 09:22.160]  I mean, we know that Obama is totally in bed with all the banksters.
[09:22.160 --> 09:27.520]  Every single one of his appointments, and I mean every single one of them, hundreds
[09:27.520 --> 09:33.400]  of appointments, he's even made up new positions to appoint all his Wall Street buddies, okay?
[09:33.400 --> 09:35.400]  They all work for Wall Street.
[09:35.400 --> 09:39.560]  Every single one of his appointments is either a member of the Council on Foreign Relations
[09:39.560 --> 09:44.120]  or the Trilateral Commission or the Bilderberg Group, and that's just a fact, okay?
[09:44.120 --> 09:46.240]  This is not conspiracy theory.
[09:46.240 --> 09:47.240]  This is a fact.
[09:47.240 --> 09:51.440]  Geithner worked for Goldman Sachs, among other things.
[09:51.440 --> 09:59.160]  Steve was telling me earlier today that Geithner was the one in charge during the late 90s
[09:59.160 --> 10:02.680]  when there was an economic collapse in Europe, among other things.
[10:02.680 --> 10:04.080]  So this is what these people do.
[10:04.080 --> 10:06.200]  They want to collapse the economy.
[10:06.200 --> 10:12.360]  It's their MO to build up nations' economies and then collapse them over and over again.
[10:12.360 --> 10:14.840]  We've seen this repeatedly over the generations through history.
[10:14.840 --> 10:19.560]  So with that being said, Steve, what is your take on what's going on?
[10:19.560 --> 10:24.440]  Can you just give us an overview and then get into the nitty-gritty here?
[10:24.440 --> 10:31.080]  Well, I mean, in a brief overview, we really are living in some kind of duality between
[10:31.080 --> 10:34.880]  Alice in Wonderland and The Matrix.
[10:34.880 --> 10:42.360]  And the whole economic scene is really backed up by, like you said, the bankers.
[10:42.360 --> 10:43.960]  Money is the root of all evil.
[10:43.960 --> 10:51.480]  So if you want to look at basically any crime or any misgivings in the economy, obviously
[10:51.480 --> 10:54.320]  money is going to be behind it.
[10:54.320 --> 11:00.440]  And the mecha maniacs in our world who are out there seeking power, if you're going to
[11:00.440 --> 11:06.240]  amass true power, you have to have the resources and funds behind you.
[11:06.240 --> 11:12.920]  And it's interesting because, you know, regardless of who Obama has put into his administration
[11:12.920 --> 11:20.040]  or cabinet positions, it doesn't really matter because if we take a step back, and let's
[11:20.040 --> 11:24.960]  take the politics out of it, because whether it's Republican or Democrat, it's irrelevant,
[11:24.960 --> 11:30.360]  I wouldn't hire any of these people to run a McDonald's on my behalf.
[11:30.360 --> 11:34.120]  They would bankrupt the place, eat all the food.
[11:34.120 --> 11:38.520]  There's none of them except for maybe one or two, and the first name that pops into
[11:38.520 --> 11:41.120]  my head is Ron Paul.
[11:41.120 --> 11:47.120]  But there are so few people in, you know, Congress, the House, that could even be trusted.
[11:47.120 --> 11:51.200]  We keep coming back to these, well, if we get the right Democrat and if we can get the
[11:51.200 --> 11:56.940]  right Republican, you know, it's like, okay, divide and conquer.
[11:56.940 --> 12:04.360]  We get the masses to fight amongst ourselves in some diatribe of ideology, and all it is
[12:04.360 --> 12:12.200]  doing is keeping our eyes off the bigger picture, kind of like David Copperfield, the magician.
[12:12.200 --> 12:17.240]  He will pull a stunt with his left hand so you don't notice his right hand is actually
[12:17.240 --> 12:20.560]  setting up for the next trick, the next illusion.
[12:20.560 --> 12:26.320]  Well, if we're going to talk about the economy, we have to talk about money, and if we're
[12:26.320 --> 12:30.040]  going to talk about money, we have to come to the quick realization, folks, that there
[12:30.040 --> 12:32.220]  is no money.
[12:32.220 --> 12:36.480]  We haven't had constitutional money in this country in a very long time.
[12:36.480 --> 12:41.360]  And ever since, I think it was 1971, when Nixon pulled the plug, finally, on the gold
[12:41.360 --> 12:46.120]  standard, it ended the Bretton Woods agreement.
[12:46.120 --> 12:50.960]  And if anybody would like some more details on any of these things, please grab a pen
[12:50.960 --> 12:56.280]  and jot these down, because if you don't know the individual parts, I really hope that you
[12:56.280 --> 13:00.040]  will go and do some quick homework and look up some of these things.
[13:00.040 --> 13:07.800]  Bretton Woods' monetary agreement basically started after World War II, and the period
[13:07.800 --> 13:14.360]  of prosperity globally was never as outstanding as it was during the Bretton Woods agreement.
[13:14.360 --> 13:22.460]  At least, it wasn't a true gold standard, it was a gold-backed standard.
[13:22.460 --> 13:28.880]  But the nice thing about it was it kept most of the currency trading relatively benign
[13:28.880 --> 13:29.880]  and even.
[13:29.880 --> 13:34.160]  If I was going to set a contract with you, Deborah, over the next few years, and you
[13:34.160 --> 13:39.940]  live over in Switzerland and I live here in America, I could be relatively confident that
[13:39.940 --> 13:45.880]  over a multi-year contract, I would know about where the dollar-Swiss exchange rate would
[13:45.880 --> 13:46.880]  be.
[13:46.880 --> 13:53.760]  So some major fluctuation doesn't come along, and one of us really gets hurt, or we're renegotiating
[13:53.760 --> 13:59.000]  our contract, and we're wasting time instead of doing the thing that you and I had originally
[13:59.000 --> 14:02.880]  contracted to do, which is just do some work.
[14:02.880 --> 14:09.600]  Now, this whole thing, as far as the Alice in Wonderland aspect, it's really deep when
[14:09.600 --> 14:12.520]  we realize how deep these rabbit holes really go.
[14:12.520 --> 14:18.560]  And again, pulling the politics out of it and just looking at the raw numbers, it doesn't
[14:18.560 --> 14:23.160]  matter if Obama had won or McCain had won.
[14:23.160 --> 14:27.960]  These cabinet positions would be filled by the same people.
[14:27.960 --> 14:30.680]  The same outcome is inevitable.
[14:30.680 --> 14:37.480]  We have a completely bankrupted system, and I hear people in my own trade who have a lot
[14:37.480 --> 14:44.040]  more intelligence than I do and who have enough money to buy and sell me thousands of times,
[14:44.040 --> 14:48.480]  who cannot get their minds wrapped around some of the most simple parts of this whole
[14:48.480 --> 14:50.400]  monetary thing.
[14:50.400 --> 14:53.980]  The Federal Reserve can create money out of thin air.
[14:53.980 --> 14:58.720]  They do that by creating debt, not money, debt.
[14:58.720 --> 15:06.040]  So they put some debt money that we have to repay somehow out there into the system.
[15:06.040 --> 15:11.320]  But the strange thing is we have to pay this money back, and we have to pay it back at
[15:11.320 --> 15:12.320]  interest.
[15:12.320 --> 15:18.560]  Now, when the Fed creates money out of thin air, they never also have like a side account
[15:18.560 --> 15:25.200]  or like an account in the Caymans where they're creating the money to pay the interest.
[15:25.200 --> 15:30.640]  So Deborah, if you come to me and say, Steve, I want to borrow $1,000, and you and I are
[15:30.640 --> 15:35.000]  like the only two people in the world, and I loan you $1,000 and say, okay, I'll loan
[15:35.000 --> 15:40.360]  it to you for three years at 10% a year, well, at the end of the contract, you will have
[15:40.360 --> 15:43.440]  paid me $1,300.
[15:43.440 --> 15:45.980]  But I only gave you $1,000.
[15:45.980 --> 15:50.280]  So all the work that you did, starting up a little company and getting some product
[15:50.280 --> 15:55.600]  and getting some things built, which is kind of rare here anymore, but you decided to do
[15:55.600 --> 15:56.600]  it anyway.
[15:56.600 --> 15:59.460]  That's why I gave you the money.
[15:59.460 --> 16:06.360]  But at the end of it, you're going to do all this work, and I have not given you the $300
[16:06.360 --> 16:07.360]  to pay the interest.
[16:07.360 --> 16:10.000]  So it's a guaranteed bankruptcy.
[16:10.000 --> 16:15.900]  It's a guaranteed end of game for you, but not for me, because somewhere in the fine
[16:15.900 --> 16:18.560]  print says, I get all your stuff.
[16:18.560 --> 16:22.760]  And if you look around right now, really think about it, folks.
[16:22.760 --> 16:25.400]  It's just that simple.
[16:25.400 --> 16:30.160]  All these stuff shirts and perfume prints, and believe me, folks, I deal with them all
[16:30.160 --> 16:32.720]  the time.
[16:32.720 --> 16:41.440]  They make such catastrophically complex notions out of the most simple, back-of-the-envelope
[16:41.440 --> 16:42.920]  stuff.
[16:42.920 --> 16:50.280]  How else do you get somebody to justify a half a billion dollar a year's salary?
[16:50.280 --> 16:55.560]  Somehow, you have to put yourself up on a very high pedestal to do that.
[16:55.560 --> 17:00.800]  This amongst other things is one of the things that has kept me for over 20 years from going
[17:00.800 --> 17:05.720]  and filing and getting government permission to talk to other people about money.
[17:05.720 --> 17:08.680]  See, I can talk to you and share my opinion.
[17:08.680 --> 17:12.440]  I just can't tell you what you should do with it.
[17:12.440 --> 17:14.480]  That's the big difference.
[17:14.480 --> 17:16.520]  And for that, I keep my integrity.
[17:16.520 --> 17:18.600]  I keep my self-respect.
[17:18.600 --> 17:20.840]  I sleep very well at night.
[17:20.840 --> 17:24.840]  And I don't have to worry about somebody telling me in the morning, you're going to go tell
[17:24.840 --> 17:32.000]  all of our clients X, Y, and Z news, even though it may be to their detriment.
[17:32.000 --> 17:37.840]  And when we look around in the economy today, really the way I see things is our entire
[17:37.840 --> 17:43.780]  economy, money system, is all a confidence game.
[17:43.780 --> 17:48.160]  If you ever heard the term con man, it's a confident man.
[17:48.160 --> 17:52.320]  It's somebody who will get into your head, get you to believe that things are righteous
[17:52.320 --> 17:58.800]  and good, and then pull the wool out from under you or pull the rug out from under you.
[17:58.800 --> 18:02.260]  I see the same thing going on right now.
[18:02.260 --> 18:09.480]  About a year ago, the housing market began to crash, and it wasn't the subprime borrowers
[18:09.480 --> 18:12.020]  that caused the crash.
[18:12.020 --> 18:14.760]  It's much more simple than that.
[18:14.760 --> 18:19.880]  When everybody, let's say you have a boat, and everybody on the boat gets on one side
[18:19.880 --> 18:25.600]  of the boat, you'll see me walking to the other side, just to be different, just to
[18:25.600 --> 18:30.840]  go where everybody else is not, because that's the way I live my life anyway.
[18:30.840 --> 18:36.680]  But in the economy, when everybody goes over to one side of the boat, the boat tips over.
[18:36.680 --> 18:42.840]  And I remember doing a seminar when the real estate market was at its absolute peak.
[18:42.840 --> 18:45.360]  No signs of cracking had yet showed up.
[18:45.360 --> 18:50.240]  It was like, say, late 06, very early 07.
[18:50.240 --> 18:55.720]  And I remember I was doing a financial seminar in Minnesota, and we had a bunch of people
[18:55.720 --> 19:02.120]  sitting in the room, and I was kind of getting picked on a little bit for my negative view
[19:02.120 --> 19:03.360]  of the real estate market.
[19:03.360 --> 19:06.360]  I was calling it a bubble.
[19:06.360 --> 19:10.520]  And people were asking me, well, if it's a bubble, why is everybody doing it?
[19:10.520 --> 19:14.800]  Why are all these people making so much money?
[19:14.800 --> 19:20.240]  You might want to get out from behind the conspiracy rock and come and join the rest
[19:20.240 --> 19:25.040]  of us, because we're making a boatload of money.
[19:25.040 --> 19:26.680]  And I said, OK, well, fair enough.
[19:26.680 --> 19:28.240]  Well, answer me this.
[19:28.240 --> 19:34.640]  And I grabbed a newspaper right out of the hallway where the conference room was, and
[19:34.640 --> 19:37.040]  it just happened to be yesterday's newspaper.
[19:37.040 --> 19:42.600]  And it was a Saturday edition, Saturday, Sunday, what difference does it make?
[19:42.600 --> 19:44.920]  I opened the thing up to the real estate section.
[19:44.920 --> 19:51.080]  And when you open up a newspaper, you have a giant piece of paper that's folded in half.
[19:51.080 --> 19:54.760]  In the fold mark, they call the gutter.
[19:54.760 --> 20:01.400]  Well, when you open this thing up, it was probably a half of an inch thick.
[20:01.400 --> 20:10.280]  And this was different properties, different commercial properties being listed for sale.
[20:10.280 --> 20:18.320]  Intermixed within that were called XYZ Construction Company, and this real estate agent, and these
[20:18.320 --> 20:25.240]  closing agents, and just on and on, everybody you could imagine related to the field.
[20:25.240 --> 20:27.080]  And I said, look how thick this is.
[20:27.080 --> 20:28.080]  This is demand.
[20:28.080 --> 20:31.440]  This is people trying to buy and sell.
[20:31.440 --> 20:34.840]  And I said, how do you buy a piece of property?
[20:34.840 --> 20:43.680]  Well, by all rights, at least up until the last five or eight years, you had to actually
[20:43.680 --> 20:45.920]  be a United States citizen.
[20:45.920 --> 20:48.400]  You had to have a job.
[20:48.400 --> 20:51.160]  You had to have a decent credit score.
[20:51.160 --> 20:56.360]  And you had to prove that you were at least reasonably stable as a person.
[20:56.360 --> 21:02.240]  This way, no matter how much money you put down onto the loan, the bank felt at least
[21:02.240 --> 21:07.560]  a little more comfortable that you wouldn't just freak out and walk away and go bankrupt.
[21:07.560 --> 21:16.040]  Well, I said that the most important thing to the ongoing health of the real estate market
[21:16.040 --> 21:17.040]  was jobs.
[21:17.040 --> 21:24.120]  If people aren't working, and people aren't getting constant raises to adjust for inflation,
[21:24.120 --> 21:28.160]  I really want to get into the inflation thing later.
[21:28.160 --> 21:33.560]  But if people aren't constantly getting raises above the rate of inflation, they're not making
[21:33.560 --> 21:34.560]  more money.
[21:34.560 --> 21:35.560]  They're going backwards.
[21:35.560 --> 21:41.680]  And if the job market isn't vibrant and growing, the amount of people able to go secure a higher
[21:41.680 --> 21:47.360]  paying job or to move up the proverbial ladder gets more difficult by the day.
[21:47.360 --> 21:52.480]  So I said, OK, folks, we have all of these homes for sale, all this action going on,
[21:52.480 --> 21:53.480]  right?
[21:53.480 --> 21:54.480]  This is the action.
[21:54.480 --> 21:55.480]  That's what's got everybody so excited.
[21:55.480 --> 21:59.800]  And I said, all right, let's go back to the brass tacks, and let's find out where exactly
[21:59.800 --> 22:07.600]  do you plug in the purchasing in the future for these listed homes, for all this action?
[22:07.600 --> 22:11.200]  So I flipped to the newspaper, and I actually had to struggle for a moment to find the help
[22:11.200 --> 22:13.680]  wanted ads.
[22:13.680 --> 22:18.400]  And when I did find it in this particular newspaper, it was one page.
[22:18.400 --> 22:23.760]  And I very quickly took a little pocket knife out, and I cut out the advertisements.
[22:23.760 --> 22:29.160]  And I held up this one page with the gutter right in front of me, and it was full of holes
[22:29.160 --> 22:31.480]  like Swiss cheese.
[22:31.480 --> 22:34.840]  And then I folded it back on the gutter and folded it in half again.
[22:34.840 --> 22:35.840]  And I held that up.
[22:35.840 --> 22:41.880]  And then I held up this massive piece of paper from the amount of listings.
[22:41.880 --> 22:46.960]  And you could literally see the light bulbs going on all the way across the row.
[22:46.960 --> 22:52.160]  And nobody picked on me anymore for the rest of the conference.
[22:52.160 --> 22:54.640]  We're seeing the same thing today.
[22:54.640 --> 22:59.240]  The job market is collapsing.
[22:59.240 --> 23:03.840]  Whatever jobs we have are being outsourced more and more by the hour.
[23:03.840 --> 23:11.260]  The recent fiasco with the big three auto manufacturers, the fact that we have government
[23:11.260 --> 23:18.920]  of any kind, I don't care Democrat, Republican, they're burger flippers, when you have abrogation
[23:18.920 --> 23:27.240]  of contract law, and you can have a government person of any kind wave their little magic
[23:27.240 --> 23:31.640]  wand and say, okay, we're going to intervene in private contracts, we're going to change
[23:31.640 --> 23:37.840]  everything that you guys had all agreed on, and we're going to tell you how you're going
[23:37.840 --> 23:41.400]  to conduct your business.
[23:41.400 --> 23:49.240]  If that isn't a warning right there that the entire system is absolutely stone cold dead,
[23:49.240 --> 23:52.680]  I don't know what would be.
[23:52.680 --> 23:58.680]  And over the last, let's see, March, April, May, June, July, August, over the last five
[23:58.680 --> 24:02.360]  months, we've had a spectacular stock market rally.
[24:02.360 --> 24:09.120]  All of that was predicated on little print by no limit Bernanke.
[24:09.120 --> 24:14.520]  He actually came out when we were in the darkest days of the initial wave of the stock market
[24:14.520 --> 24:21.080]  crash, and he came out and said, all this intervention and the $12 trillion that we're
[24:21.080 --> 24:26.280]  using to backstop the economy and bail out the banks and bail out the hedge funds and
[24:26.280 --> 24:31.880]  bail out the derivatives market, which is all basically the same small group of people
[24:31.880 --> 24:38.000]  trading money back and forth to each other and stealing it, by the way.
[24:38.000 --> 24:43.760]  All of this is starting to show some signs of bottoming, and all this money that we've
[24:43.760 --> 24:47.600]  been throwing around is starting to stick, and it looks like we're going to have some
[24:47.600 --> 24:48.600]  green shoots.
[24:48.600 --> 24:50.800]  There was a euphemism.
[24:50.800 --> 24:57.680]  The green shoots was referring to its early spring, and it actually fit quite well because
[24:57.680 --> 25:03.720]  it was springtime, and they've done hard work, and they've tilled the fields, and they've
[25:03.720 --> 25:09.280]  prepared the soil for cultivation.
[25:09.280 --> 25:13.360]  The green shoots had better be aloe plants, because when Wall Street gets finished burning
[25:13.360 --> 25:20.600]  everybody's ass, you're going to need an aloe plant, and the thing is, everything that they
[25:20.600 --> 25:26.000]  have done over the last few months, if you look back in the history books, and I'm one
[25:26.000 --> 25:31.560]  of these really boring people, I'm not the guy you want at the office party to be at
[25:31.560 --> 25:36.560]  the center of a crowd, I like to look back in history.
[25:36.560 --> 25:41.280]  I like to study history and how history relates to economics.
[25:41.280 --> 25:46.000]  The old saying of, if you don't know your history, you're doomed to repeat it, is extremely
[25:46.000 --> 25:53.320]  true, and in every major crash, if you put it in simple terms, everybody gets really
[25:53.320 --> 25:59.000]  high on a bunch of action in one particular market, and everybody runs over to one side
[25:59.000 --> 26:01.320]  of the boat to participate.
[26:01.320 --> 26:06.120]  Without having anybody left on the other side of the boat, there's nobody new to suck into
[26:06.120 --> 26:07.320]  the action.
[26:07.320 --> 26:13.000]  The action stops, the bubble collapses, and then there's bubble goo all over everything.
[26:13.000 --> 26:21.080]  Well, if you take a look at what's already happened, you had a euphoric, debt-driven
[26:21.080 --> 26:30.720]  rally from September, October of 2002 all the way up until mid-year 07, and instead
[26:30.720 --> 26:37.800]  of having a normal, fair to deep recession like we should have had right after September
[26:37.800 --> 26:48.100]  11, 2001, instead of going through this normal cycle, we had Greenspan come out and flood
[26:48.100 --> 26:53.520]  the markets with liquidity, dropping interest rates way below the rate of inflation, which
[26:53.520 --> 26:59.640]  meant that you can borrow money cheaper and do nothing with it but put it in T-bills,
[26:59.640 --> 27:03.440]  sell off the T-bills at the end of the contract and pay back the note and make money from
[27:03.440 --> 27:05.440]  nothing.
[27:05.440 --> 27:13.480]  Well, this huge bubble burst, and all of a sudden all the people who were in on the real
[27:13.480 --> 27:21.320]  estate action, well, their buzz started wearing off, and they started realizing, wait a minute,
[27:21.320 --> 27:26.680]  I paid 300 grand for the house, they say it's worth 800 or a million five, depending on
[27:26.680 --> 27:27.680]  your neighborhood.
[27:27.680 --> 27:33.560]  I've taken out three different loans and reflipped it and leveraged up all my home equity.
[27:33.560 --> 27:38.600]  I bought a ton of stuff made in China that I don't really need, and I haven't made any
[27:38.600 --> 27:44.720]  capital investments, I didn't buy a factory, I didn't buy machine tools, I didn't put
[27:44.720 --> 27:46.880]  people to work.
[27:46.880 --> 27:54.040]  I bought gadgets and gizmos and glitz and bling and whatever else you want to call it.
[27:54.040 --> 27:59.040]  These things don't make you money, they take your money away, and they give you things
[27:59.040 --> 28:03.480]  that aren't even creating your next door neighbor's job.
[28:03.480 --> 28:08.400]  Yeah, indeed.
[28:08.400 --> 28:15.440]  Once the bubble breaks, everybody freaks out and there's a big sell-off in the stock market.
[28:15.440 --> 28:19.760]  It's happened time before, but the most recent one, I'm trying to use this example so people
[28:19.760 --> 28:24.160]  can, you know, remember while it's fresh in their mind.
[28:24.160 --> 28:29.320]  Right now we're coming off the bounce and euphoric hope stage.
[28:29.320 --> 28:34.400]  This is where things got really bad and a bunch of allegedly smart people got together
[28:34.400 --> 28:35.880]  and they're going to fix it.
[28:35.880 --> 28:39.400]  They know what they're doing, they're the people in control, they're the ones at the
[28:39.400 --> 28:43.560]  levers of power, and they're going to help get us out of it.
[28:43.560 --> 28:48.400]  You know, all these people that I wouldn't hire to flip burgers at McDonald's that we
[28:48.400 --> 28:54.720]  don't personally know love us and care for us so much that they're going to go out of
[28:54.720 --> 28:59.040]  their way to make sure that we're okay.
[28:59.040 --> 29:04.720]  And we have this euphoric bounce, the green shoots, whatever gobbledygook the talking
[29:04.720 --> 29:07.160]  heads on TV want to throw at you.
[29:07.160 --> 29:16.920]  It's all psychosomatic, it's all mantra, but more than anything, it's psychological warfare
[29:16.920 --> 29:22.600]  because they're telling you to get back on the one side of the boat again.
[29:22.600 --> 29:28.160]  And if everybody's rushing to one side of the boat, the boat's going to tip over again.
[29:28.160 --> 29:36.320]  And after the big crash, right now the Dow Jones is somewhere at about 9,500.
[29:36.320 --> 29:39.080]  Debra, are we going to a break?
[29:39.080 --> 29:41.040]  Yes, we are going to a break.
[29:41.040 --> 29:45.120]  All right, Steve, this is very interesting stuff.
[29:45.120 --> 29:51.080]  We have Randy Rayler on the line, one of our frequent callers, and he has been in the trading
[29:51.080 --> 29:53.560]  industry for a while, so he wanted to ask you some questions.
[29:53.560 --> 29:54.840]  We're going to talk with him on the break.
[29:54.840 --> 29:55.840]  We'll be right back.
[29:55.840 --> 29:56.840]  Sure.
[29:56.840 --> 30:02.880]  Gold prices are at historic highs, and with the recent pullback, this is a great time
[30:02.880 --> 30:03.880]  to buy.
[30:03.880 --> 30:08.360]  With the value of the dollar, risks of inflation, geopolitical uncertainties, and instability
[30:08.360 --> 30:11.840]  in rural financial systems, I see gold going up much higher.
[30:11.840 --> 30:15.400]  Hi, I'm Tim Fry at Roberts and Roberts Brokerage.
[30:15.400 --> 30:18.920]  Everybody should have some of their assets in investment grade precious metals.
[30:18.920 --> 30:22.860]  At Roberts and Roberts Brokerage, you can buy gold, silver, and platinum with confidence
[30:22.860 --> 30:27.880]  from a brokerage that specialized in the precious metals market since 1977.
[30:27.880 --> 30:31.600]  If you are new to precious metals, we will happily provide you with the information you
[30:31.600 --> 30:36.040]  need to make an informed decision whether or not you choose to purchase from us.
[30:36.040 --> 30:40.360]  Also, Roberts and Roberts Brokerage values your privacy and will always advise you in
[30:40.360 --> 30:43.760]  the event that we would be required to report any transaction.
[30:43.760 --> 30:47.840]  If you have gold, silver, or platinum you'd like to sell, we can convert it for immediate
[30:47.840 --> 30:48.840]  payment.
[30:48.840 --> 30:52.640]  Call us at 800-874-9760.
[30:52.640 --> 30:57.960]  We are Roberts and Roberts Brokerage, 800-874-9760.
[31:22.640 --> 31:40.160]  We are Roberts and Roberts Brokerage, 800-874-9760.
[31:40.160 --> 32:00.520]  We are Roberts and Roberts Brokerage, 800-874-9760.
[32:00.520 --> 32:24.560]  We are Roberts and Roberts Brokerage, 800-874-9760.
[32:24.560 --> 32:25.560]  We are Roberts and Roberts Brokerage, 800-874-9760.
[32:25.560 --> 32:26.560]  Okay, we are back.
[32:26.560 --> 32:29.800]  The rule of law, Randy Kelton, Deborah Stevens, Eddie Craig.
[32:29.800 --> 32:32.800]  We're here with our very special guest, Steve.
[32:32.800 --> 32:38.440]  Okay, so Steve, you're laying it all out of what's been happening, what's going on.
[32:38.440 --> 32:45.800]  Yeah, helicopter Bernanke and we got Geithner in charge.
[32:45.800 --> 32:47.040]  Tell us what happened with Geithner.
[32:47.040 --> 32:49.800]  Okay, Randy Raylor has some questions for you too.
[32:49.800 --> 32:55.560]  We want to get into some more details, but just so that we know who we're dealing with,
[32:55.560 --> 33:01.280]  our listeners, what you told me earlier today about Geithner and what happened in Europe.
[33:01.280 --> 33:02.280]  I'd be happy to.
[33:02.280 --> 33:03.280]  Can I...
[33:03.280 --> 33:05.720]  I was trying to give a set up for where we are at this moment.
[33:05.720 --> 33:06.720]  Sure, sure.
[33:06.720 --> 33:07.720]  Go ahead.
[33:07.720 --> 33:10.200]  Because I know at some point the questions are going to roll and things are going to
[33:10.200 --> 33:11.200]  be coming up.
[33:11.200 --> 33:12.200]  Sure.
[33:12.200 --> 33:13.200]  I'm just trying to get...
[33:13.200 --> 33:17.480]  I know from experience, there's a lot of people that I talk to who don't know much about the
[33:17.480 --> 33:18.480]  economy.
[33:18.480 --> 33:20.800]  They know what they hear on the talking TV.
[33:20.800 --> 33:23.280]  They know what they read, but they don't understand it.
[33:23.280 --> 33:24.280]  Sure.
[33:24.280 --> 33:25.280]  Okay, please continue.
[33:25.280 --> 33:31.560]  Over the last couple months, like as an example for the Dow Jones, we've rallied up to 9,500.
[33:31.560 --> 33:37.840]  Now we're sitting at a real precipice because the hope has been wearing itself thin.
[33:37.840 --> 33:43.800]  The manipulation we've been seeing behind the scenes has almost run its course.
[33:43.800 --> 33:51.720]  The interesting thing is because people are so lopsided right now, five months ago, people
[33:51.720 --> 33:52.720]  were very bearish.
[33:52.720 --> 33:58.360]  They believed things were really bad, and now everybody's on the other side of the boat
[33:58.360 --> 33:59.360]  again.
[33:59.360 --> 34:00.360]  They believe things are going to be better.
[34:00.360 --> 34:03.680]  They're believing things are going to pick up.
[34:03.680 --> 34:09.760]  In my context and the people I deal with on a daily basis, I keep running across the same
[34:09.760 --> 34:11.760]  basic mentality.
[34:11.760 --> 34:14.080]  Look, I'm this guy.
[34:14.080 --> 34:15.880]  I've been doing this for 40 years.
[34:15.880 --> 34:18.120]  Our firm is worth $6 billion.
[34:18.120 --> 34:20.640]  We do this every single day.
[34:20.640 --> 34:23.880]  We have contacts, we're in and out of the market.
[34:23.880 --> 34:28.800]  We have millions of dollars worth of software and computer-assisted training, vehicles and
[34:28.800 --> 34:29.800]  platforms.
[34:29.800 --> 34:35.160]  If we sensed that something was going to go wrong, we would bail.
[34:35.160 --> 34:41.400]  I think where we are right now tonight on this very Friday is in a place where the musical
[34:41.400 --> 34:43.800]  chairs, the music just stopped.
[34:43.800 --> 34:48.160]  There's 35 people running around and there's two chairs left.
[34:48.160 --> 34:49.640]  Now this whole thing with Geithner.
[34:49.640 --> 34:52.400]  He is the head of the Treasury.
[34:52.400 --> 34:58.160]  He is also the guy, when he was working at the IMF, who was one of the key people behind
[34:58.160 --> 35:03.160]  the Asian currency crisis in 1998.
[35:03.160 --> 35:08.120]  He almost single-handedly crashed the system.
[35:08.120 --> 35:10.880]  What do we do in this country when we have a problem?
[35:10.880 --> 35:19.240]  We find the biggest jackass we can with the worst track record, we put them in the position.
[35:19.240 --> 35:25.400]  As far as Geithner running the Treasury, when Paulson was running the Treasury and we were
[35:25.400 --> 35:31.160]  in a real tailspin, this guy would say, okay, Wall Street, I'm going to make a press conference.
[35:31.160 --> 35:34.280]  He goes out and he tells everybody, here's what we're going to do.
[35:34.280 --> 35:39.000]  This is our plan and then five days later he changes the plan completely.
[35:39.000 --> 35:42.800]  It got to the point where every time the man would even make a press announcement, the
[35:42.800 --> 35:50.400]  market would drop one to 300 points before he even really had a chance to say anything.
[35:50.400 --> 35:53.400]  Is that good or do you want me to go on with Geithner?
[35:53.400 --> 35:59.120]  Yeah, we're getting the picture here.
[35:59.120 --> 36:04.000]  Just continue on with your setup.
[36:04.000 --> 36:05.880]  Sure.
[36:05.880 --> 36:10.720]  I know that you had spoken earlier tonight that Randy had a bunch of questions.
[36:10.720 --> 36:12.080]  Is he with us?
[36:12.080 --> 36:16.200]  Yeah, Randy, did you have a question for our guest?
[36:16.200 --> 36:19.320]  Yeah, I did.
[36:19.320 --> 36:22.920]  Now, do you actually trade in the markets?
[36:22.920 --> 36:28.960]  I used to be a very active trader for about 15 or 16 years.
[36:28.960 --> 36:35.320]  I would say somewhere in the beginning of 2007, except for some very small accounts,
[36:35.320 --> 36:39.320]  I cashed in all my trading accounts.
[36:39.320 --> 36:41.760]  All right.
[36:41.760 --> 36:43.560]  Here's my take on this.
[36:43.560 --> 36:51.200]  I'm extremely long trading in the equity markets.
[36:51.200 --> 36:53.240]  I totally believe what you're saying.
[36:53.240 --> 36:59.920]  The problem is that the, let's call them the adversary, are pushing the markets up and
[36:59.920 --> 37:04.880]  there's no way we can fight them because they can print money out of thin air and they buy
[37:04.880 --> 37:06.320]  it up.
[37:06.320 --> 37:07.680]  We have to go long.
[37:07.680 --> 37:13.080]  Now, I don't know when they're going to run this down, but my opinion of it is, is that
[37:13.080 --> 37:19.560]  we go long and we stay long and that's what I've done.
[37:19.560 --> 37:23.480]  You know what I'm saying?
[37:23.480 --> 37:29.560]  This program is about helping people to understand what's going on.
[37:29.560 --> 37:37.320]  The problem that they've got is that the system controls the equity markets totally.
[37:37.320 --> 37:44.160]  I mean, they are so controlled and I would like to hear you speak upon this, but there
[37:44.160 --> 37:49.720]  is no way in God's green earth that the market will go up and down unless the controllers
[37:49.720 --> 37:50.720]  decide.
[37:50.720 --> 37:56.320]  I've seen this for at least 15 years.
[37:56.320 --> 38:05.560]  I take that into account and I've been trading for about 35 years.
[38:05.560 --> 38:10.160]  I take that into account and I always just trade with them.
[38:10.160 --> 38:11.760]  Public has no clue.
[38:11.760 --> 38:20.960]  If you're a public or just a Joey average buying into mutual funds or whatever, you're
[38:20.960 --> 38:24.080]  going to get killed in the long run.
[38:24.080 --> 38:25.080]  It's over.
[38:25.080 --> 38:26.080]  You cannot win.
[38:26.080 --> 38:27.080]  That's my opinion.
[38:27.080 --> 38:33.800]  Well, Randy, I used to be in your shoes exactly and from what little I've heard from Deborah
[38:33.800 --> 38:41.760]  and from what you just said, it sounds like we probably would have been good golfing friends.
[38:41.760 --> 38:50.640]  One of the things that I came to the conclusion of maybe 18 months ago and I am a regular
[38:50.640 --> 38:56.760]  attendee and host for a private conference call and group of like-minded investors from
[38:56.760 --> 39:00.160]  all over the country in a couple of different countries.
[39:00.160 --> 39:05.120]  We get together once in a while and we discuss what's going on and how do we profit from
[39:05.120 --> 39:06.120]  it.
[39:06.120 --> 39:11.920]  One night I got out on the call and I said, look, I'm tired of chasing these things.
[39:11.920 --> 39:18.480]  I'm tired of always wondering every night, is tonight the night we wake up and it's the
[39:18.480 --> 39:26.200]  Sunday night massacre, is this when they're going to pull a fast one, what's coming next?
[39:26.200 --> 39:31.800]  You said that the concept and this is something I struggled with for a very long time.
[39:31.800 --> 39:37.320]  The concept of having to be in the game and watching the manipulators flipping switches
[39:37.320 --> 39:38.800]  and changing it.
[39:38.800 --> 39:41.960]  I woke up one day and said, you know what?
[39:41.960 --> 39:44.800]  I don't want to play anymore.
[39:44.800 --> 39:48.240]  Like in The Matrix when the little kid's bending a spoon, well, how did you do that?
[39:48.240 --> 39:51.120]  What makes you think there's a spoon?
[39:51.120 --> 39:56.040]  I cashed in all my accounts because I saw the writing on the wall of what was going
[39:56.040 --> 39:57.040]  to happen.
[39:57.040 --> 40:02.480]  You know, politically it's impossible that we're going to have a deflationary environment
[40:02.480 --> 40:04.920]  like we have the 30.
[40:04.920 --> 40:12.440]  Our system, our economy and our population is not the same mindset it was 70, 80 years
[40:12.440 --> 40:14.400]  ago.
[40:14.400 --> 40:17.360]  The people are kind of fat and lazy now.
[40:17.360 --> 40:22.240]  They're not as hardcore, they're not as old fashioned, they're not as industrious and
[40:22.240 --> 40:25.640]  they're not as self-serving and capable.
[40:25.640 --> 40:28.880]  I saw the inflation bubble out on the horizon.
[40:28.880 --> 40:30.240]  I said, you know what?
[40:30.240 --> 40:33.840]  I'm going to cash in my accounts, I'll keep a little bit on there for personal hedging
[40:33.840 --> 40:34.840]  reasons.
[40:34.840 --> 40:39.760]  But I'm going to take most of my money and I'm going to start going to all these failed
[40:39.760 --> 40:45.000]  businesses that are having liquidation sales and Chapter 7 liquidations with banks.
[40:45.000 --> 40:47.560]  I'm going to start buying up their assets.
[40:47.560 --> 40:50.440]  I'm going to rent some big warehouse space.
[40:50.440 --> 40:53.120]  I'm going to start picking up machine tools.
[40:53.120 --> 40:56.080]  I'm going to start picking up raw supplies.
[40:56.080 --> 41:01.800]  I started picking up diamonds, I started picking up precious metals and I've been doing diamonds
[41:01.800 --> 41:06.360]  and metals for probably the last seven years.
[41:06.360 --> 41:11.240]  I'm looking out on the horizon saying it's inevitable we're going to have to either completely
[41:11.240 --> 41:17.600]  kill what we call today the dollar or we're going to have to come up with a completely
[41:17.600 --> 41:23.760]  new system or keep the dollar we have and just run it into the ground like in Zimbabwe
[41:23.760 --> 41:24.760]  fashion.
[41:24.760 --> 41:27.760]  I don't think America will ever get that far.
[41:27.760 --> 41:30.040]  Here's the deal.
[41:30.040 --> 41:35.440]  If that's the case, what makes you think that we'll have the rule of law that we think we
[41:35.440 --> 41:40.480]  have now which we don't and it'll be surviving?
[41:40.480 --> 41:45.360]  I believe that these guys set this thing up and I don't think we're going to get it and
[41:45.360 --> 41:48.680]  I think we're going to get lesser.
[41:48.680 --> 41:56.960]  Only guys like myself, Randy Kelton, Deborah Stevens, we're the only people that are paying
[41:56.960 --> 41:59.960]  any attention at all.
[41:59.960 --> 42:02.040]  Well I don't know about that, Randy.
[42:02.040 --> 42:10.400]  I mean listen, we've got a huge listening audience and there are a lot of people that
[42:10.400 --> 42:14.120]  are waking up and that are seeing what's going on.
[42:14.120 --> 42:18.040]  They can only, the bad guys can only keep the charade going for so long.
[42:18.040 --> 42:21.240]  I mean the sleeping giant is obviously awakening.
[42:21.240 --> 42:25.080]  I mean just look at these town hall meetings like I was talking about last night.
[42:25.080 --> 42:32.280]  You know Deborah, that's a fascinating point you just brought up and please forgive me
[42:32.280 --> 42:33.280]  for interrupting.
[42:33.280 --> 42:34.280]  Go ahead, Steve.
[42:34.280 --> 42:40.800]  That whole town hall meeting and the tea parties, am I hallucinating or does it seem more than
[42:40.800 --> 42:46.400]  a coincidence that just as people were starting to really get sick and tired of the taxation
[42:46.400 --> 42:51.640]  and legislation and the bureaucracy, you see these tea parties springing up all over the
[42:51.640 --> 42:52.640]  place.
[42:52.640 --> 42:58.600]  It starts making the mainstream media and just as it's starting to get ahead of steam,
[42:58.600 --> 42:59.600]  swine food.
[42:59.600 --> 43:04.120]  Oh, I know, I know and if you want to talk about the tea parties and where the tea parties
[43:04.120 --> 43:08.400]  really came from and they want to talk about on the media, let's talk about where the tea
[43:08.400 --> 43:09.680]  parties really started.
[43:09.680 --> 43:11.800]  You know how all these tea parties got started?
[43:11.800 --> 43:13.480]  From the 9-11 truthers.
[43:13.480 --> 43:19.680]  It started in, actually in Boston, the very first recent patriot tea movement, tea party,
[43:19.680 --> 43:27.200]  it was in the 9-11 truth movement where they had a thing, they had this big event where
[43:27.200 --> 43:33.840]  they threw literally thousands of copies of the 9-11 commission report into the Boston
[43:33.840 --> 43:40.440]  harbor because it's a lie from start to finish, back to front, the 9-11 commission report
[43:40.440 --> 43:49.880]  has been completely debunked by Griffin, he's a prominent theologian and he wrote a book,
[43:49.880 --> 43:55.440]  9-11 commission report, omissions, lies and distortions and he completely shredded it
[43:55.440 --> 43:57.400]  line by line, the entire book.
[43:57.400 --> 44:04.560]  So that's where the tea parties started and then after that, then the tea parties became
[44:04.560 --> 44:09.360]  prominent in the Ron Paul movement, all right, and now the tea and now the Republican Party
[44:09.360 --> 44:13.960]  is hijacked and it's all watered down and mainstream and everything but it's still a
[44:13.960 --> 44:20.920]  good thing because people are doing something, people are becoming involved in activism that
[44:20.920 --> 44:27.280]  have never been interested in politics before, ever, okay, for their entire lives and all
[44:27.280 --> 44:32.880]  these town hall meetings, people are raving, screaming mad and like I was saying last night,
[44:32.880 --> 44:35.840]  well, I'll just say it again Steve because you weren't here last night, you know, the
[44:35.840 --> 44:43.600]  Obama administration is censoring the media right now and he publicly asked the mainstream
[44:43.600 --> 44:49.800]  media to stop covering these town hall meetings because people are practically showing up
[44:49.800 --> 44:55.080]  with pitchforks and torches, all right, and it's like they're screaming mad at these meetings
[44:55.080 --> 44:59.920]  and Obama doesn't want them to be covered because then all the politicians can't go
[44:59.920 --> 45:05.320]  around and say, oh, well, yeah, everything's fine and all my constituents are good to go
[45:05.320 --> 45:09.880]  with these policies and all the disinfo that's going out trying to suppress what's really
[45:09.880 --> 45:14.400]  going on in these town hall meetings saying, oh, well, all the opposition is staged and
[45:14.400 --> 45:18.520]  all of a sudden, no, it's not, it's not, people are waking up and doing something about it
[45:18.520 --> 45:25.720]  because they can see that these banksters have hijacked our entire country and this
[45:25.720 --> 45:31.200]  bailout debacles, I mean, it's just a disgrace and these people are literally fleeing the
[45:31.200 --> 45:36.040]  country right now because they know what is coming down.
[45:36.040 --> 45:42.440]  I mean, Steve, I was telling you earlier, my band, we wrote a song about the situation
[45:42.440 --> 45:48.400]  about the Federal Reserve, it's called 300 Million Chasing 300 Men, okay, 300 Million
[45:48.400 --> 45:52.200]  Men Chasing 300, that's about what's about to happen.
[45:52.200 --> 45:55.760]  So anyway, I just wanted to put that comment out there.
[45:55.760 --> 46:00.480]  Steve, please continue on and tell us, you know, explain some of the things you were
[46:00.480 --> 46:04.760]  telling me earlier on the phone, where you see all this headed, like what is the, what
[46:04.760 --> 46:09.600]  you feel the projection is coming up in the next year or so?
[46:09.600 --> 46:15.480]  Okay, now again, it's just an opinion and a guess, right?
[46:15.480 --> 46:23.520]  But as far as like trying to look out in the future, the setup that I'm seeing, you know,
[46:23.520 --> 46:28.360]  it's pointing to me that we're about to see the largest transference of wealth since man
[46:28.360 --> 46:36.800]  got out of the caves and if this is true, it's going to go from the majority into the
[46:36.800 --> 46:42.920]  minority's hand, you know, this might be what's causing some of the, you know, business leaders
[46:42.920 --> 46:48.560]  and people to start literally leaving the country because it's hard to spend your ill-gotten
[46:48.560 --> 46:54.440]  gains if you're dead or if you, you know, you're literally running.
[46:54.440 --> 47:01.800]  As things progress, we're going to need to see something because the government is never
[47:01.800 --> 47:08.400]  going to allow all the people to be just sitting around, unemployed, watching everything implode
[47:08.400 --> 47:13.920]  on itself and not having a boogeyman to go chase.
[47:13.920 --> 47:20.960]  They're going to have to have a setup, you know, something to cover the big crime and
[47:20.960 --> 47:27.560]  in my opinion, it's going to be something that'll make 9-11 probably look like a hiccup,
[47:27.560 --> 47:30.840]  you know, mushroom clouds going off.
[47:30.840 --> 47:36.400]  We're going to see maybe if it's not that, we're going to see some horrible pandemic.
[47:36.400 --> 47:43.360]  We're going to see something very, very nasty that'll scare the crap out of people enough
[47:43.360 --> 47:47.600]  to get them to stop saying, hey, wait a minute, what just happened to my retirement account?
[47:47.600 --> 47:52.280]  No, I better be grateful I'm alive and that we live in America and that we have all these
[47:52.280 --> 47:54.800]  wonderful people taking care of us.
[47:54.800 --> 48:02.960]  These are the things that make me say, you know, even if I'm not right, you know, like
[48:02.960 --> 48:08.360]  obviously, you know, Randy and I have a slightly different way of looking at the same truth.
[48:08.360 --> 48:12.960]  We both see it for what it is but because we're different men, we look at the outcome
[48:12.960 --> 48:17.880]  differently and we're going to have different ways to plan for our attack or our defense
[48:17.880 --> 48:23.000]  depending on how you want to look at it and to me right now, the only thing that I can
[48:23.000 --> 48:29.120]  do that makes any sense is to jump to the other side of the boat and all the professionals
[48:29.120 --> 48:34.440]  that I know are very long in the market, they're very confident that they're going to ride
[48:34.440 --> 48:39.480]  until they see a certain signal and then that signal will give them a chance to get out
[48:39.480 --> 48:41.720]  of the market.
[48:41.720 --> 48:50.280]  You know, 65, 70% of all the trading activity right now or over this past week is high frequency
[48:50.280 --> 48:53.720]  trading all done by computer algorithms.
[48:53.720 --> 49:00.160]  Goldman Sachs got busted probably about four weeks ago, maybe Randy can jump in here.
[49:00.160 --> 49:05.800]  They had a proprietary trading software and they have their computers stationed all over
[49:05.800 --> 49:12.300]  the place in the middle of the information data stream going to the different exchanges.
[49:12.300 --> 49:17.360]  They actually had software that was then pirated and somebody in Europe came up with a copy
[49:17.360 --> 49:24.560]  of it or got busted trying to use it and Goldman Sachs literally had a PR nightmare on their
[49:24.560 --> 49:29.920]  hands when they said, we have to be very careful about this falling into somebody else's hands
[49:29.920 --> 49:35.240]  because it can be used to manipulate the market.
[49:35.240 --> 49:37.720]  Imagine that, right?
[49:37.720 --> 49:38.720]  So you have Goldman Sachs.
[49:38.720 --> 49:43.680]  Wait, wait, wait, wait, wait, let me get this straight, Goldman Sachs was using pirated
[49:43.680 --> 49:44.680]  software?
[49:44.680 --> 49:45.680]  No.
[49:45.680 --> 49:46.680]  Okay, okay.
[49:46.680 --> 49:48.640]  They reinvented and paid for the software.
[49:48.640 --> 49:49.840]  Okay, okay, okay.
[49:49.840 --> 49:57.600]  Their computer network is within the data stream going from the DTCC in between all
[49:57.600 --> 50:04.120]  the different brokers and banks and investment houses and they can see a trade execution
[50:04.120 --> 50:08.200]  come through on their wire maybe a half a second.
[50:08.200 --> 50:13.080]  I know that sounds like a joke, okay, but they can see the trade a half a second before
[50:13.080 --> 50:17.960]  the actual broker who's about to get the trade can see it and they have a computer go in
[50:17.960 --> 50:24.160]  and say, I'm going to give my order to buy or sell in line first and they won't do it
[50:24.160 --> 50:28.920]  with enormous sums or huge blocks, they'll do it with intermediary and small blocks of
[50:28.920 --> 50:37.560]  trade but they do it tens of thousands of times a day and maybe they make a couple thousand
[50:37.560 --> 50:41.960]  here, they make 50 grand here, they make 110 grand here.
[50:41.960 --> 50:49.680]  Over enormous sums but it's being done in fractions of a second all day long and these
[50:49.680 --> 50:57.520]  computer traded, these computer program trades are making up the vast majority of all trading
[50:57.520 --> 51:01.080]  activity there is right now today.
[51:01.080 --> 51:11.600]  If you pull that trading out of the picture, you would see liquidity dry up 90% instantly
[51:11.600 --> 51:19.360]  because, you know, if I go to place a trade, I want to sell some stock but Randy just happens
[51:19.360 --> 51:21.720]  to want to buy that stock really bad.
[51:21.720 --> 51:26.480]  Well, Randy in my order hit the market and somewhere in the middle some market maker
[51:26.480 --> 51:32.600]  puts the two together, takes a commission and boom, the trade is settled.
[51:32.600 --> 51:39.000]  Where this gets really bizarre though is when you say, okay, well, Randy has money over
[51:39.000 --> 51:44.160]  in this brokerage and I have money over in this brokerage and this brokerage is holding
[51:44.160 --> 51:50.880]  the stock I want to sell to him and all of a sudden let's say there's a computer glitch,
[51:50.880 --> 51:56.480]  let's say a blizzard of different things could cause it but for some reason the program trading
[51:56.480 --> 51:59.400]  came out of the market stream.
[51:59.400 --> 52:05.600]  The liquidity enabling Randy and I to do our trade might not physically be there.
[52:05.600 --> 52:09.240]  You know, Randy might get a phone call, hey, you know, Randy, I'm really sorry, I know
[52:09.240 --> 52:14.320]  you've got this buy order in right now, you did hit the bid but there's, you know, there's
[52:14.320 --> 52:20.120]  a glitch somewhere, I'll call you right back as soon as we get your fill.
[52:20.120 --> 52:27.040]  Now what if that happens to millions of people across the spectrum at the same time?
[52:27.040 --> 52:34.920]  The amount of behind the scenes manipulation is so grandiose that it's kind of like the
[52:34.920 --> 52:40.840]  analogy of you're standing in front of a tree at the leading edge of a forest, you see the
[52:40.840 --> 52:43.640]  tree but you don't see the forest behind it.
[52:43.640 --> 52:49.480]  Right now we see a market that appears to be in a strong condition and getting stronger
[52:49.480 --> 52:54.320]  but the liquidity and the strength and depth of that market is as thin as one piece of
[52:54.320 --> 53:04.720]  paper and the entire system right now is running on 100% confidence, it's the last man to stand
[53:04.720 --> 53:07.960]  because the liquidity really isn't there.
[53:07.960 --> 53:13.120]  We have a banking crisis, we have a drain on the system, we've thrown trillions of dollars
[53:13.120 --> 53:18.760]  on it and it's like I just got a bullet wound and Randy gave me a band-aid, I'm not picking
[53:18.760 --> 53:22.560]  on you Randy, it just name popped into my head.
[53:22.560 --> 53:28.360]  So I have a major medical emergency and I'm putting a band-aid over my bullet wound, well
[53:28.360 --> 53:32.240]  it's going to work really great for about 20 or 30 seconds and then after that you all
[53:32.240 --> 53:34.800]  know what's going to happen.
[53:34.800 --> 53:40.800]  So where we want to pick what's going to come next nobody has that answer except for a handful
[53:40.800 --> 53:46.600]  of people that we're never going to meet but to me there's a lot of things that we can
[53:46.600 --> 53:53.840]  do systematically to at least begin to prepare for because one of the things that has come
[53:53.840 --> 53:59.160]  up in our conference calls before and it's something I try to tell people to calm their
[53:59.160 --> 54:00.960]  nerves.
[54:00.960 --> 54:07.480]  The problem in the next wave of economics that we're coming into, 99% of the people
[54:07.480 --> 54:15.160]  are going to lose, that means me, that means Randy, that means Deborah, everybody is going
[54:15.160 --> 54:22.800]  to lose but the people who lose the least are the winners.
[54:22.800 --> 54:27.920]  So it's not having the perfect call and the perfect strategy, it's having enough of your
[54:27.920 --> 54:35.960]  bases covered that if you're just terribly wrong you can still make it and survive.
[54:35.960 --> 54:41.480]  You know Deborah when you and I spoke earlier today, you know my first chain of reaction
[54:41.480 --> 54:48.440]  is get your spiritual house in order, contact the friends and family and associates that
[54:48.440 --> 54:53.280]  you've known for a long time, maybe you haven't talked to them in a while, make sure that
[54:53.280 --> 54:58.840]  your personal and societal links are as strong as they can be.
[54:58.840 --> 55:05.520]  I live in a very rural area on purpose and I live in a town with a population of about
[55:05.520 --> 55:11.840]  150 and we're out in the middle of absolutely nowhere.
[55:11.840 --> 55:18.480]  You know as long as my computer turns on I have a job in the morning but being out in
[55:18.480 --> 55:25.200]  the country we have this year started one co-op after another, one way or another of
[55:25.200 --> 55:31.400]  getting different people's talents coordinated together, kind of like we're pretending like
[55:31.400 --> 55:35.440]  the entire system has already failed.
[55:35.440 --> 55:41.000]  Obviously it hasn't, it would be like the you know the Y2K preparation, the more you
[55:41.000 --> 55:47.720]  prepare the more you realize how screwed you really are but you can't just stop, you can't
[55:47.720 --> 55:55.160]  just not do anything and the more that any of us do to prepare in any way we can is going
[55:55.160 --> 55:56.320]  to help.
[55:56.320 --> 56:01.740]  Every little shred of effort will come back to you somewhere.
[56:01.740 --> 56:07.400]  The only thing that's going to burn you is if you get so scared that you can't move and
[56:07.400 --> 56:12.080]  that's the dark side of the psychological operation going on right now.
[56:12.080 --> 56:17.400]  That's why the swine flu and these mandatory vaccinations is all over the news and burning
[56:17.400 --> 56:19.520]  up the airwaves.
[56:19.520 --> 56:27.040]  Because if you're afraid the fear inside of you will cause your mind to act irrationally.
[56:27.040 --> 56:33.120]  You will take a normal piece of stimulus and blow it all out of proportion and act or prepare
[56:33.120 --> 56:42.520]  un-proportionally or irrationally and somehow fall right back into the trap.
[56:42.520 --> 56:43.880]  Right.
[56:43.880 --> 56:48.840]  I want to ask you a question here, I want to go back to this Goldman Sachs thing and
[56:48.840 --> 56:55.520]  you're talking about this software where they can see the trades coming in before they happen
[56:55.520 --> 57:02.400]  and so then they act on it and that's how you know they're making all this money.
[57:02.400 --> 57:08.080]  That seems kind of like unethical or almost illegal.
[57:08.080 --> 57:11.440]  It doesn't seem like it should even be illegal.
[57:11.440 --> 57:14.200]  I mean yeah, it almost seems like insider trading, what is this?
[57:14.200 --> 57:15.760]  Can you explain this a little bit more?
[57:15.760 --> 57:18.120]  Well I can give you a little more depth on it.
[57:18.120 --> 57:22.720]  I greatly encourage your listeners to open up Google or some other search engine and
[57:22.720 --> 57:29.600]  type in quote high frequency trading end quote and start doing some digging on this for
[57:29.600 --> 57:34.360]  yourself because we could spend the next four hours talking just about that.
[57:34.360 --> 57:38.360]  And I don't think that's what you guys or your listeners really want right now.
[57:38.360 --> 57:39.360]  Wow.
[57:39.360 --> 57:48.920]  The high frequency trading is, it is completely unethical but if there is no specific law
[57:48.920 --> 57:54.360]  written against it, how do you enforce it or how do you make it stop?
[57:54.360 --> 58:00.240]  The only thing that can really happen would be I think there is some other level of psychological
[58:00.240 --> 58:02.680]  operation going on here.
[58:02.680 --> 58:08.240]  Somebody who works for Goldman stole a copy of this thing and got it out there so people
[58:08.240 --> 58:09.720]  could see what's going on.
[58:09.720 --> 58:10.720]  Oh wow.
[58:10.720 --> 58:11.720]  Okay.
[58:11.720 --> 58:12.720]  Okay.
[58:12.720 --> 58:14.320]  We're going to break?
[58:14.320 --> 58:17.960]  Yeah we're going to break in about 30 seconds.
[58:17.960 --> 58:24.360]  So then Goldman Sachs had a PR nightmare on their hands because their whole scheme was
[58:24.360 --> 58:26.400]  totally exposed to the public.
[58:26.400 --> 58:31.880]  Yeah, but it made the news for a couple hours and then it's gone.
[58:31.880 --> 58:32.880]  Yeah, exactly.
[58:32.880 --> 58:38.320]  I'm surprised it was even on the mainstream media at all to be honest because they're
[58:38.320 --> 58:41.880]  totally controlled by the government which is controlled by the bankers.
[58:41.880 --> 58:43.360]  The bankers control the government.
[58:43.360 --> 58:44.360]  That's just all there is to it.
[58:44.360 --> 58:45.360]  All right.
[58:45.360 --> 58:46.360]  Listen.
[58:46.360 --> 58:47.360]  We're going to break.
[58:47.360 --> 58:48.360]  We'll be back on the other side at the top of the hour.
[58:48.360 --> 58:54.440]  Callers, I guess you're welcome to call in and ask our guests a question at this point.
[58:54.440 --> 59:03.440]  512-646-1984.
[59:54.440 --> 01:00:06.960]  You are listening to the Rule of Law Radio Network at ruleoflawradio.com, live free speech
[01:00:06.960 --> 01:00:25.360]  talk radio at its best.
[01:00:25.360 --> 01:00:41.160]  Thank you.
[01:00:41.160 --> 01:01:04.160]  I'm through with doubt There's nothing left for me to figure out
[01:01:04.160 --> 01:01:15.160]  I paid a price And I'll keep paying
[01:01:15.160 --> 01:01:21.160]  I'm not ready to make a knife I'm not ready to back down
[01:01:21.160 --> 01:01:27.160]  I'm still mad as hell And I don't have time to go round and round and round
[01:01:27.160 --> 01:01:33.160]  It's too late to make it right I probably wouldn't if I could
[01:01:33.160 --> 01:01:37.160]  Because I'm mad as hell Can't bring myself to what it is
[01:01:37.160 --> 01:01:43.160]  We're mad as hell And we just can't bring ourselves to do what it is
[01:01:43.160 --> 01:01:48.160]  They want us to do Which is bend over and just take it
[01:01:48.160 --> 01:01:52.160]  Okay, we are back with our guest Steve
[01:01:52.160 --> 01:01:56.160]  Sorry, we're back with our guest Steve
[01:01:56.160 --> 01:02:01.160]  You know, like you said, they're going to need an aloe plant after the ass burning
[01:02:01.160 --> 01:02:05.160]  I was thinking going long KY futures
[01:02:05.160 --> 01:02:08.160]  We can talk about that later
[01:02:08.160 --> 01:02:11.160]  Exactly, okay, alright Steve
[01:02:11.160 --> 01:02:13.160]  We do have a call online Christian from Florida
[01:02:13.160 --> 01:02:15.160]  If you can just, Christian just stay on the line
[01:02:15.160 --> 01:02:17.160]  Just wait for a few minutes here
[01:02:17.160 --> 01:02:25.160]  Because Steve wants to go more in depth into this whole Goldman Sachs scamming situation
[01:02:25.160 --> 01:02:27.160]  It's a debacle, it's a travesty
[01:02:27.160 --> 01:02:31.160]  And then we're going to take your call after that Christian, so go ahead Steve
[01:02:31.160 --> 01:02:38.160]  Well, I just want to make sure we clarify the air a little bit here just for legal issues, okay?
[01:02:38.160 --> 01:02:46.160]  We don't obviously have any positive proof of exactly what Goldman had, how they used it and what they did
[01:02:46.160 --> 01:02:50.160]  We're going on what was in some foreign media
[01:02:50.160 --> 01:02:56.160]  We're going on what Goldman's reaction to it was and how fast it was shut down in our media
[01:02:56.160 --> 01:03:01.160]  And then never to be resurrected again
[01:03:01.160 --> 01:03:11.160]  I still in my heart believe that Goldman having all the politicians and people and regulatory bodies in their hip pocket
[01:03:11.160 --> 01:03:20.160]  That they were able to leave a loophole open to take advantage of something that hadn't been plugged yet
[01:03:20.160 --> 01:03:28.160]  And if Goldman saw an opportunity, I mean these are some of the most vicious rocket scientists you could imagine
[01:03:28.160 --> 01:03:32.160]  As a matter of fact, I'll come back to Goldman in a second
[01:03:32.160 --> 01:03:42.160]  But we have all these politicians and these bankers and a lot of these people, literally folks, are rocket scientists
[01:03:42.160 --> 01:03:44.160]  That's how smart they really are
[01:03:44.160 --> 01:03:51.160]  If any of the listeners out there believe that this was an accident, that this could never have been foreseen
[01:03:51.160 --> 01:03:57.160]  Like we do here in the media, like it was a surprise, well horse-pucky it was a surprise
[01:03:57.160 --> 01:04:01.160]  These people do exactly what they were doing, they're the ones who set it up
[01:04:01.160 --> 01:04:08.160]  There's no coincidence here, there's just the con, not coincidence, con
[01:04:08.160 --> 01:04:21.160]  So Goldman Sachs puts together this arbitrage high-frequency trading program that they admitted could be used to manipulate the entire market system
[01:04:21.160 --> 01:04:22.160]  Whoa
[01:04:22.160 --> 01:04:26.160]  Well who the hell are they, these unelected bankers, right?
[01:04:26.160 --> 01:04:36.160]  That they actually had something by their own admission that could manipulate and change the market's direction
[01:04:36.160 --> 01:04:42.160]  I wonder if that's ever been used because my brother-in-law is a few friends, a couple of associates
[01:04:42.160 --> 01:04:52.160]  I've actually had to make them, by sending them links, go to find out where the president's group, the working group on financial markets
[01:04:52.160 --> 01:04:59.160]  How it came into being that it's real, you know, that this is not a conspiracy thing
[01:04:59.160 --> 01:05:06.160]  That there actually is a group of people whose job is to monitor and stabilize the marketplace
[01:05:06.160 --> 01:05:09.160]  All the time we're being told it's a free market
[01:05:09.160 --> 01:05:16.160]  And Goldman Sachs, now if that's just Goldman, what about the other trading houses?
[01:05:16.160 --> 01:05:19.160]  What about the other major banks, what about like JP Morgan?
[01:05:19.160 --> 01:05:30.160]  They have the largest derivative Ponzi scheme on their books that dwarfs everybody else
[01:05:30.160 --> 01:05:43.160]  And this high-frequency trading is taking up over half, you know, it vacillates between say 50 and 75% on any day's complete transaction volume
[01:05:43.160 --> 01:05:50.160]  So if you were to ever regulate this stuff out of existence, what the hell would happen to the liquidity of the current marketplace?
[01:05:50.160 --> 01:05:54.160]  It would collapse
[01:05:54.160 --> 01:05:59.160]  Why don't we take Christian's call before question before we go any further
[01:05:59.160 --> 01:06:04.160]  Sure, sure. Christian, thanks for calling in. What is your question for our guest?
[01:06:04.160 --> 01:06:06.160]  How are you all doing tonight?
[01:06:06.160 --> 01:06:07.160]  Pretty good
[01:06:07.160 --> 01:06:16.160]  My question was, Deborah, I sent you an email just a little while ago of the new-looking Federal Reserve notes
[01:06:16.160 --> 01:06:23.160]  That's going to be the replacement for the Federal Reserve notes with all the pictures on there being the portraits of Federal Reserve notes
[01:06:23.160 --> 01:06:29.160]  Yes, I heard you discussing this with the host of Agenda 21 just previous to this show
[01:06:29.160 --> 01:06:32.160]  I was having a screen call so I didn't hear the whole conversation
[01:06:32.160 --> 01:06:42.160]  I wasn't clear if you actually have one of these in your hand or is this something you saw on the Internet or where did you get this?
[01:06:42.160 --> 01:06:46.160]  I had a close-in source, which I can't disclose
[01:06:46.160 --> 01:06:48.160]  Do you actually have one?
[01:06:48.160 --> 01:06:53.160]  Check your email and you'll see a PDF file of the actual photos of them
[01:06:53.160 --> 01:07:02.160]  Yes, but my question is, do you actually have one and took a picture of it and send it to me or did someone send you a picture of it?
[01:07:02.160 --> 01:07:06.160]  Well, I have pictures of it. I don't have my actual possession
[01:07:06.160 --> 01:07:08.160]  Okay, that's what I wanted to know
[01:07:08.160 --> 01:07:19.160]  All right. Yes, so Christian, you're saying that these new paper currencies have the photographs of the
[01:07:19.160 --> 01:07:20.160]  Federal Reserve chairman
[01:07:20.160 --> 01:07:24.160]  The Federal Reserve chairman instead of dead presidents
[01:07:24.160 --> 01:07:29.160]  Yes, there's the $1, the $5, the $10, the $20, the $50, and the $100
[01:07:29.160 --> 01:07:37.160]  On the backside of the $50, there are three flags, the Mexican flag, the Canadian flag, and the U.S. flag
[01:07:37.160 --> 01:07:38.160]  Love it
[01:07:38.160 --> 01:07:40.160]  It doesn't surprise me
[01:07:40.160 --> 01:07:45.160]  Here's the quote off the $100 bill which is a portrait of Rockefeller
[01:07:45.160 --> 01:08:05.160]  It says, quote on the right-hand side, this note is legal transnational tender by Union of the North American Republic established and authorized by the Free Trade and Recovery Act of the Central Bank approved by the U.S. Federal Reserve, Bank D. Canada, and Bank of D. Mexico
[01:08:05.160 --> 01:08:15.160]  Oh, okay, so just forget the government. It's like the banks passed an act saying that this is legal tender
[01:08:15.160 --> 01:08:20.160]  It doesn't surprise me if that's really what's going on because I know they're that arrogant
[01:08:20.160 --> 01:08:23.160]  Well, you forget, Deborah. They think they are the government now
[01:08:23.160 --> 01:08:25.160]  No, well, of course
[01:08:25.160 --> 01:08:35.160]  Yeah, but you know what's the really neat twist about this? Wouldn't that be a super-duper powerful little green coupon?
[01:08:35.160 --> 01:08:43.160]  You know, it's new, it has all this great verbiage on it, it's backed by nothing, and it's still the same Ponzi scheme with a couple different twists on it
[01:08:43.160 --> 01:08:55.160]  Right. Well, a close friend of ours, Bill Veith, he has been studying the nature of fiat currency systems for many years and I'm sure he's listening right now
[01:08:55.160 --> 01:08:58.160]  Maybe he could call in and give his take on some of the things that you're saying
[01:08:58.160 --> 01:09:15.160]  Bill has told us that the way these fiat currency systems work is that when they start to collapse, what they do is they come up with a new one and they start consolidating them together to start the whole cycle all over again
[01:09:15.160 --> 01:09:23.160]  And so, you know, it doesn't surprise me because it's almost at that point. No fiat currencies last more than 100 years
[01:09:23.160 --> 01:09:34.160]  Yeah, but you know what's one thing that in the past, I used to have the exact same opinion, and then one night I was sitting down really thinking about this and I said, what's the big difference?
[01:09:34.160 --> 01:09:46.160]  What is in our modern condition that might be different to throw a monkey wrench into the whole regular cycle of boom and bust even with a currency that's on back?
[01:09:46.160 --> 01:10:00.160]  And then it really dawned on me no other time have we had a major group of societies together that had the telecommunication ability that we have today, instantaneous information exchange
[01:10:00.160 --> 01:10:13.160]  So, you know, again, let's try to make this as simple as we can. Let's say Deborah, Eddie and I are the three, you know, big wigs of Asia, Europe and America
[01:10:13.160 --> 01:10:21.160]  And I have the dollar and let's say you have the euro and Eddie has the, you know, the yuan
[01:10:21.160 --> 01:10:27.160]  Well, I need to back up all the money that my friend stole out of the banking system
[01:10:27.160 --> 01:10:33.160]  So I'm going to dilute my money supply in American dollars by 10 percent
[01:10:33.160 --> 01:10:45.160]  So I make a little phone call, you have Timmy Geithner sitting in his little dungeon of evil and he goes over and hits a couple buttons and poof, 10 percent more money supply generated instantly
[01:10:45.160 --> 01:10:53.160]  The currency markets see this, breaking news on CNBC, the dollar is selling off hard, these people are all upset
[01:10:53.160 --> 01:10:59.160]  But at the same time they're telling you, you know, a weaker dollar would actually be good for our trade scenario
[01:10:59.160 --> 01:11:07.160]  If our dollar goes down, more people can afford to buy our goods and our manufacturing base will pick up
[01:11:07.160 --> 01:11:16.160]  Now this works for a day or two and then all of a sudden Deborah says, well, you know what, if the United States and Steve running it
[01:11:16.160 --> 01:11:24.160]  They're filtering down their money supply and my euros are going up in value while theirs are going down in value
[01:11:24.160 --> 01:11:32.160]  Our trade is being hurt, so I'm going to go call my little minion of evil and have him print up 10 percent
[01:11:32.160 --> 01:11:39.160]  And all of a sudden we're left with Eddie who's over in Asia and he's saying, what the hell is going on over here?
[01:11:39.160 --> 01:11:49.160]  You guys are devaluing your currency, you're ripping your people off because inflation is theft, period, okay?
[01:11:49.160 --> 01:11:54.160]  You guys are ripping your people off, I'm going to water my money down
[01:11:54.160 --> 01:12:02.160]  Now all of a sudden you turn on the news at the beginning of next week and you look at the exchange rates and poof, they're all evened out again
[01:12:02.160 --> 01:12:07.160]  All the little weird blips that you saw on the charts, they just went right back to where they were
[01:12:07.160 --> 01:12:14.160]  And in the meantime all three of us have ripped off billions of people
[01:12:14.160 --> 01:12:25.160]  Because when you save your money and you are unfortunately foolish enough to put it in a CD or somewhere in the conventional stream
[01:12:25.160 --> 01:12:32.160]  If inflation is at 5 percent and you're putting your money in a CD at 3 percent
[01:12:32.160 --> 01:12:41.160]  You're losing 2 percent a year to give it to somebody else for them to use, you've got to be kidding me, that's theft
[01:12:41.160 --> 01:12:51.160]  The money creation that we're seeing in this country through the Federal Reserve to backstop all these failed derivative trades is unfathomable
[01:12:51.160 --> 01:12:56.160]  This makes the inflation in the pipeline right now tonight
[01:12:56.160 --> 01:13:05.160]  Remember the Carter administration in the 1979-1981 recession when interest rates spiked up out of the blue?
[01:13:05.160 --> 01:13:11.160]  We're looking at almost the exact same scenario, we have a Federal Reserve Chairman that's a laughing stock
[01:13:11.160 --> 01:13:19.160]  Everybody thinks this guy's Bozo the Clown, even the people who don't really know what's going on, they think he's a goofball
[01:13:19.160 --> 01:13:25.160]  You have Obama who's a new president and is turning into one of the most Marxist regimes you could imagine
[01:13:25.160 --> 01:13:34.160]  And if it was the other guy, the Republican, it would have been the same deal, just a different jacket, different colors
[01:13:34.160 --> 01:13:41.160]  But while all this is going on, what is the end result?
[01:13:41.160 --> 01:13:44.160]  Where does this whole thing lead to?
[01:13:44.160 --> 01:13:52.160]  To the dilution of all of our money, to the evisceration of all the hard work and savings
[01:13:52.160 --> 01:14:00.160]  And when you see all these cooked numbers, the unemployment rate, well if you go to shadowstats.com, which is run by John Williams
[01:14:00.160 --> 01:14:05.160]  You look at the U6, now this is the number that the media never talks about
[01:14:05.160 --> 01:14:12.160]  The unemployment rate right now is like 19.8% non-farm payroll
[01:14:12.160 --> 01:14:20.160]  Back when this whole thing was developed, our country was much more agricultural
[01:14:20.160 --> 01:14:30.160]  If you take the non-farm aspect out of it, unemployment right now on the broad base would probably be at about 25%, 26%
[01:14:30.160 --> 01:14:37.160]  Which is knocking on the door of the unemployment numbers we saw during the worst parts of the Great Depression
[01:14:37.160 --> 01:14:45.160]  And folks, we're so much more further into this than we ever were in the first depression
[01:14:45.160 --> 01:14:50.160]  The death ratios are much, much higher
[01:14:50.160 --> 01:14:57.160]  The amount of personal capacity that people have to dig themselves out of the hole couldn't be any lower
[01:14:57.160 --> 01:15:00.160]  There is no savings rate in this country
[01:15:00.160 --> 01:15:09.160]  I mean it has blipped up in the last couple months because people literally froze in their tracks and stopped spending anything
[01:15:09.160 --> 01:15:19.160]  But at the end of the day, when we keep accepting the same crap and the same answers from the same dirty rotten rat bastard politicians
[01:15:19.160 --> 01:15:29.160]  Guess what folks, we get what we deserve and we're going to get it good and hard, kind of like Deborah mentioned earlier
[01:15:29.160 --> 01:15:35.160]  I'm sorry, I don't mean to make a joke of this, this is very serious stuff
[01:15:35.160 --> 01:15:39.160]  I wind up talking about these things in public a lot
[01:15:39.160 --> 01:15:47.160]  And when I do, if I can't find little ways to humor myself while I'm doing it, it would bum me out so bad I probably couldn't do it at all
[01:15:47.160 --> 01:15:55.160]  Right, yeah you've got to, you have to find something to laugh about in this whole thing or else you just cry
[01:15:55.160 --> 01:15:56.160]  Yeah, pretty much
[01:15:56.160 --> 01:16:06.160]  Yeah, I mean that's why I have a feeling like with Alex Jones, the way he hams it up so much
[01:16:06.160 --> 01:16:12.160]  It's so entertaining, I mean I just find myself just laughing my butt off
[01:16:12.160 --> 01:16:23.160]  And I know a lot of people think that he's fear-mongering and stuff but I consider it as that he's trying to, it's almost like overkill the way he presents it sometimes for the sake of humor
[01:16:23.160 --> 01:16:36.160]  You know because in order to break through people's psychological barriers because otherwise this stuff just hits you and it's like deer in the headlights, it almost paralyzes you
[01:16:36.160 --> 01:16:40.160]  I don't think Alex does enough, he could go further
[01:16:40.160 --> 01:16:54.160]  Ham it up more, okay listen we're going to a break real quick and then we've got Mark from Wisconsin, he's one of our affiliates, he's broadcasting us on an FM station in Madison so I'd like to go to Mark and we'll get back on the other side, we'll be right back
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[01:18:16.160 --> 01:18:29.160]  We were born before the wind, also younger than the sun
[01:18:29.160 --> 01:18:39.160]  And the bonnie boat was one as we sailed into the mystique
[01:18:39.160 --> 01:18:52.160]  Oh, I cannot hear the singers cry, smell the sea and feel the sky
[01:18:52.160 --> 01:19:03.160]  Let your soul and spirits fly into the mystique
[01:19:03.160 --> 01:19:14.160]  And where that foghorn blows, I will be coming home
[01:19:14.160 --> 01:19:21.160]  And when the foghorn blows, I want to hear it
[01:19:21.160 --> 01:19:31.160]  I don't have to fear that I want to rock your gypsy soul
[01:19:31.160 --> 01:19:37.160]  Just like way back in the days of old
[01:19:37.160 --> 01:19:48.160]  Now, but never suddenly we will fold into the mystique
[01:19:48.160 --> 01:19:52.160]  Okay, we are back, the RuleOfLaw.
[01:19:52.160 --> 01:19:58.160]  Randy Kelton, Deborah Stevens, Eddie Craig, we're here with our very special guest, Steve,
[01:19:58.160 --> 01:20:04.160]  who has been in this industry for decades, coming with some really powerful information here.
[01:20:04.160 --> 01:20:07.160]  Really appreciate you being on the air with us tonight, Steve.
[01:20:07.160 --> 01:20:09.160]  I want to go to this caller, Mark from Wisconsin.
[01:20:09.160 --> 01:20:11.160]  He's actually one of our affiliates.
[01:20:11.160 --> 01:20:13.160]  He broadcasts us on FM station Madison.
[01:20:13.160 --> 01:20:16.160]  Mark, thanks for calling in. Thanks for broadcasting us as well.
[01:20:16.160 --> 01:20:21.160]  What's on your mind tonight? What's your question for our guest?
[01:20:21.160 --> 01:20:26.160]  Mark? Mark? Mark?
[01:20:26.160 --> 01:20:29.160]  Okay. I guess Mark's not there.
[01:20:29.160 --> 01:20:33.160]  That didn't work out quite like we planned.
[01:20:33.160 --> 01:20:36.160]  All righty then.
[01:20:36.160 --> 01:20:41.160]  Well, Steve, go ahead, and let's move on to the next topic.
[01:20:41.160 --> 01:20:47.160]  Steve, you wanted to discuss the situation with China.
[01:20:47.160 --> 01:20:54.160]  Well, I think something that people really need to get their head wrapped around is something that you are not seeing,
[01:20:54.160 --> 01:20:58.160]  and I highly doubt you're going to see it at all until it's just way too late.
[01:20:58.160 --> 01:21:02.160]  Our major creditor is China.
[01:21:02.160 --> 01:21:07.160]  You know, we could have all the money creation we want, but we still have to buy stuff,
[01:21:07.160 --> 01:21:15.160]  because you go to any basic store nowadays and pick up anything and go flip it over and look for the made by label,
[01:21:15.160 --> 01:21:17.160]  and it says China.
[01:21:17.160 --> 01:21:28.160]  We have somehow allowed the bulk of our manufacturing and our highest technology equipment to be sent over to communist Marxist China,
[01:21:28.160 --> 01:21:39.160]  where it's within communist borders, and our highest technology stuff is over there making our own products with slave labor behind it.
[01:21:39.160 --> 01:21:44.160]  And one of these days, China is going to say, okay, here's the deal, guys.
[01:21:44.160 --> 01:21:53.160]  We're holding on to $2 trillion worth of your dollars, bills, notes, bonds, and agencies, and we're getting really scared.
[01:21:53.160 --> 01:22:00.160]  These guys, China, their trade delegates, their economic ministers, their financial people, their big wigs,
[01:22:00.160 --> 01:22:11.160]  their heavy hitters are on every opportunity on the world stage telling the world how absolutely furious they are with us
[01:22:11.160 --> 01:22:16.160]  printing money at breakneck and abandoned speed.
[01:22:16.160 --> 01:22:19.160]  We are monetizing our debt.
[01:22:19.160 --> 01:22:31.160]  The Treasury has openly told us that we are taking and going to create $1.26 or $1.3 trillion, $1,300 billion,
[01:22:31.160 --> 01:22:38.160]  dollars out of thin air to buy back our own debt at interest.
[01:22:38.160 --> 01:22:50.160]  And China is fuming at this because they're holding on to so much money in the United States dollar-denominated paper of one form or another.
[01:22:50.160 --> 01:22:57.160]  And just like that analogy I made, Deborah, where you're running the euro, I'm running the dollar,
[01:22:57.160 --> 01:23:05.160]  Eddie has the Asian currency, and we all just devalued, but Eddie said, you know what, I'm not playing this game.
[01:23:05.160 --> 01:23:08.160]  We're going to let our wand get stronger.
[01:23:08.160 --> 01:23:12.160]  We're going to let you guys water down your currencies.
[01:23:12.160 --> 01:23:18.160]  Even though we're a communist country, we're encouraging our people to buy gold and silver.
[01:23:18.160 --> 01:23:20.160]  We see the writing on the wall.
[01:23:20.160 --> 01:23:22.160]  We know what's coming next.
[01:23:22.160 --> 01:23:25.160]  We're encouraging our people to diversify.
[01:23:25.160 --> 01:23:31.160]  We're telling our private and semi- or quasi-independent companies,
[01:23:31.160 --> 01:23:40.160]  we're telling them to start investing this crap paper that we mistakenly bought because we believed in America.
[01:23:40.160 --> 01:23:48.160]  We're going to start trading these trillions of dollars worth of paper for real goods all over the entire planet.
[01:23:48.160 --> 01:23:56.160]  You know, since the crash lows in March, China has gone out and has locked up energy contracts,
[01:23:56.160 --> 01:24:01.160]  mining contracts, resource contracts, land and property.
[01:24:01.160 --> 01:24:07.160]  Heck, there's even rumors that little Hillary Clinton, oh, God, Hillary Clinton went over
[01:24:07.160 --> 01:24:15.160]  and may have never heard of a confirmation on this, but given the right of eminent domain to the Chinese,
[01:24:15.160 --> 01:24:19.160]  that means if they ever want to foreclose on the money that we owe them,
[01:24:19.160 --> 01:24:25.160]  they could have the right to come over here and just scoop up a couple trillion dollars worth of stuff.
[01:24:25.160 --> 01:24:30.160]  Maybe they just take Los Angeles and a couple other major port cities.
[01:24:30.160 --> 01:24:33.160]  That would probably settle the bill.
[01:24:33.160 --> 01:24:36.160]  I'd be willing to give them New York and D.C.
[01:24:36.160 --> 01:24:40.160]  Well, I'd say D.C. We'll give you that for 11 bucks, but you've got to manage it.
[01:24:40.160 --> 01:24:45.160]  So, you know, keep a trillion nine on hand because you're going to need it.
[01:24:45.160 --> 01:24:49.160]  You know, there's at least a thousand government employees who don't really have a job,
[01:24:49.160 --> 01:24:52.160]  never met a payroll, don't know what the hell they're doing.
[01:24:52.160 --> 01:24:55.160]  You're going to have to support them, but, yeah, you can buy D.C.
[01:24:55.160 --> 01:25:01.160]  Really cool, a bleak, nice satanic laid out monument and rituals over there.
[01:25:01.160 --> 01:25:04.160]  Go have at it.
[01:25:04.160 --> 01:25:10.160]  Yeah, hey, while you're at it, buy Bohemian Grove, too.
[01:25:10.160 --> 01:25:12.160]  Oh, I'm sure they've been there.
[01:25:12.160 --> 01:25:14.160]  Oh, yeah, I'm sure.
[01:25:14.160 --> 01:25:19.160]  Okay, would you like, go ahead, go ahead, Steve.
[01:25:19.160 --> 01:25:21.160]  So where am I going with this, right?
[01:25:21.160 --> 01:25:23.160]  Okay, yes.
[01:25:23.160 --> 01:25:27.160]  All right, China holds the keys, and they're getting ready to cash in.
[01:25:27.160 --> 01:25:29.160]  They've been trying to cash in.
[01:25:29.160 --> 01:25:37.160]  All of a sudden, kind of like the musical chairs thing, the marketplace is going to sense a breaking point,
[01:25:37.160 --> 01:25:43.160]  a tipping point, so to speak, where they're going to realize everywhere we look,
[01:25:43.160 --> 01:25:50.160]  we're seeing people who have never had them before showing up at the Fed window with T-bills, bonds,
[01:25:50.160 --> 01:25:58.160]  notes, and agencies, all debt paper, okay, trying to cash this stuff in for our 4X reserves.
[01:25:58.160 --> 01:26:08.160]  Hey, I'll give you this, you know, billion-dollar securities note for 900 million if you'll give it to me in euros,
[01:26:08.160 --> 01:26:17.160]  because when you have China go into Argentina, and they say we want to buy a whole boatload of your energy,
[01:26:17.160 --> 01:26:20.160]  but we don't want to play the United States game.
[01:26:20.160 --> 01:26:26.160]  We don't want to pay for it in dollars, which we're the only country on Earth that has that privilege
[01:26:26.160 --> 01:26:29.160]  to do all transactions on energy in dollars.
[01:26:29.160 --> 01:26:34.160]  We don't want to pay you in dollars, and we don't want to go through this crooked NYMEX,
[01:26:34.160 --> 01:26:37.160]  the New York Mercantile Exchange.
[01:26:37.160 --> 01:26:42.160]  We want to just go right to the producer, cut the middleman out of the picture,
[01:26:42.160 --> 01:26:48.160]  which is really pissing off Goldman Sachs and JP Morgan and all these other bankers out there.
[01:26:48.160 --> 01:26:50.160]  But we're going to come to you, the producer.
[01:26:50.160 --> 01:26:51.160]  We've got the cash.
[01:26:51.160 --> 01:26:52.160]  You've got the product.
[01:26:52.160 --> 01:26:59.160]  Let's make a 10-year forward sale agreement, and we'll pay you in treasuries.
[01:26:59.160 --> 01:27:05.160]  We have all these bonds and bills and all this crap, you know, little green coupons, you know, squared.
[01:27:05.160 --> 01:27:07.160]  We'll pay you in this stuff.
[01:27:07.160 --> 01:27:14.160]  Now, once you have them, little Argentina that, you know, really pisses off America on a regular basis,
[01:27:14.160 --> 01:27:22.160]  if you can gather up enough of these things, you can go to Washington and start throwing your weight around.
[01:27:22.160 --> 01:27:24.160]  And people down there would say, well, what do you mean?
[01:27:24.160 --> 01:27:25.160]  How could we do that?
[01:27:25.160 --> 01:27:26.160]  Okay.
[01:27:26.160 --> 01:27:32.160]  We'd give you, say, $100 billion worth of these debt securities.
[01:27:32.160 --> 01:27:41.160]  All you have to do is call up a primary broker in New York or Chicago and in one moment sell all of them.
[01:27:41.160 --> 01:27:44.160]  You would see interest rates skyrocket.
[01:27:44.160 --> 01:27:49.160]  You would see the market absolutely wholeheartedly go into a tailspin.
[01:27:49.160 --> 01:27:53.160]  Now, wouldn't you say that that's an awful big sword, a very big, you know,
[01:27:53.160 --> 01:27:58.160]  sword of Damocles hanging over the heads of all of us?
[01:27:58.160 --> 01:27:59.160]  I'd say so.
[01:27:59.160 --> 01:28:04.160]  China's out there spreading this stuff around because, look, folks, they know the jig is up.
[01:28:04.160 --> 01:28:06.160]  The game is over.
[01:28:06.160 --> 01:28:08.160]  It is over.
[01:28:08.160 --> 01:28:15.160]  Well, Steve, hasn't China already been, like, steady pulling out of the dollar for a while now?
[01:28:15.160 --> 01:28:23.160]  Not so much in straight repudiation as much as they have been just backing off of the regular purchases.
[01:28:23.160 --> 01:28:32.160]  There have been a couple months of net negative, which means they have actually cashed in money for, like, a month or two at a time.
[01:28:32.160 --> 01:28:37.160]  But I think the Treasury is playing another psyop here.
[01:28:37.160 --> 01:28:41.160]  I think China is actually in the back room pulling the money out.
[01:28:41.160 --> 01:28:44.160]  The Treasury is creating money out of thin air.
[01:28:44.160 --> 01:28:50.160]  Now, again, this is just my spin on it, okay, but it's so sick it makes perfect sense.
[01:28:50.160 --> 01:28:55.160]  The Treasury creates this money out of thin air, sends it to an offshore jurisdiction,
[01:28:55.160 --> 01:29:02.160]  who forwards it to another financial institution that maybe is housed in China.
[01:29:02.160 --> 01:29:07.160]  You know, a multitude of different transnational banks have offices in China.
[01:29:07.160 --> 01:29:14.160]  And then all of a sudden this office in China or this Chinese financial firm calls up the Treasury and says,
[01:29:14.160 --> 01:29:23.160]  yes, we're going to partake in this week's auction and we want to buy, you know, X amount of, you know, two-year, five-year, ten years.
[01:29:23.160 --> 01:29:27.160]  And then all of a sudden the bid-to-cover ratio goes up.
[01:29:27.160 --> 01:29:29.160]  It looks like it's a really strong auction.
[01:29:29.160 --> 01:29:33.160]  And all we did was another David Copperfield.
[01:29:33.160 --> 01:29:41.160]  The Fed has already announced it is going to spend and monetize, which is creating debt to buy debt,
[01:29:41.160 --> 01:29:48.160]  which is the most inflationary thing the Fed could ever, ever do, ever.
[01:29:48.160 --> 01:29:53.160]  By directly monetizing our debt, they're doing it the David Copperfield way.
[01:29:53.160 --> 01:30:02.160]  They're putting out their left hand and making it look like a normal Treasury auction took place when in reality it's all monetization money.
[01:30:02.160 --> 01:30:06.160]  The Chinese were probably never even at the auction.
[01:30:06.160 --> 01:30:11.160]  And in the meantime they probably wanted to cash in more money.
[01:30:11.160 --> 01:30:13.160]  And these are things that are reaching,
[01:30:13.160 --> 01:30:20.160]  and I'm hearing a lot of squawk from different contacts that I have that are all pointing to the same thing,
[01:30:20.160 --> 01:30:27.160]  where you have similar-minded people coming from different perspectives all pointing at the same chair.
[01:30:27.160 --> 01:30:32.160]  When I see stuff like that as a trader, as a long-term analyst,
[01:30:32.160 --> 01:30:37.160]  and as somebody who is just fascinated by the imaginations of the entire system to begin with,
[01:30:37.160 --> 01:30:43.160]  when I see these things it makes every hair on the back of my neck stand up,
[01:30:43.160 --> 01:30:47.160]  because something big is about to be sprung.
[01:30:47.160 --> 01:30:53.160]  And I think this time China is going to be right in the middle of the picture.
[01:30:53.160 --> 01:30:56.160]  Again, we need a boogeyman.
[01:30:56.160 --> 01:31:03.160]  Somebody has to take the fall for the multiple trillions of dollars that have been squandered
[01:31:03.160 --> 01:31:07.160]  and directly ripped off from the American public.
[01:31:07.160 --> 01:31:09.160]  Somebody's got to take the fall.
[01:31:09.160 --> 01:31:11.160]  Somebody's got to be the heavy.
[01:31:11.160 --> 01:31:16.160]  And if we can't find a boogeyman qualified enough to wear that jersey,
[01:31:16.160 --> 01:31:23.160]  we have to create some other distraction that's so damn big that it freaks everybody out so much
[01:31:23.160 --> 01:31:34.160]  that the financial gravity of the situation falls to the wayside for, like, after 9-11, September 11, 2001.
[01:31:34.160 --> 01:31:40.160]  After 9-11 we had an immense amount of patriotism and support
[01:31:40.160 --> 01:31:47.160]  and, you know, little American-made-in-China flags all over the place, right?
[01:31:47.160 --> 01:31:55.160]  And all of a sudden you took this absolute comic book story, the 9-11 saga, okay?
[01:31:55.160 --> 01:32:01.160]  I'm not making fun or making light of one single person that was hurt during that event.
[01:32:01.160 --> 01:32:05.160]  I'm making light of the fact that people actually want me to believe,
[01:32:05.160 --> 01:32:08.160]  even one of my own brother-in-laws wants me to believe,
[01:32:08.160 --> 01:32:19.160]  that a 120-ton jet aircraft flew into the Pentagon with a 150-foot wingspan in two giant 12-foot,
[01:32:19.160 --> 01:32:27.160]  10-foot diameter jet engines attached to it, flew into a simple brick building,
[01:32:27.160 --> 01:32:31.160]  and left a little tiny hole in the middle of the building.
[01:32:31.160 --> 01:32:37.160]  And somehow every single law of physics was shattered that day.
[01:32:37.160 --> 01:32:42.160]  And I'm not going to go into who did it or who stands to gain or any of that nonsense,
[01:32:42.160 --> 01:32:46.160]  because, frankly, I don't even want to go there anymore.
[01:32:46.160 --> 01:32:50.160]  But when I see something that dramatic put right in front of my face
[01:32:50.160 --> 01:32:55.160]  and nobody else seems to be able to talk about it, that stuff scares the crap out of me.
[01:32:55.160 --> 01:33:01.160]  And it really makes me wonder if all the people on this show got together
[01:33:01.160 --> 01:33:03.160]  and all the listeners got together,
[01:33:03.160 --> 01:33:08.160]  and we could formulate some kind of really cool plan on how to get out of this.
[01:33:08.160 --> 01:33:16.160]  What good is it to really advance financially during a transition like what's about to happen
[01:33:16.160 --> 01:33:22.160]  if nine out of ten of your neighbors are so rock hard, cold stupid
[01:33:22.160 --> 01:33:27.160]  that they would believe the most bodacious lie put in front of them?
[01:33:27.160 --> 01:33:30.160]  Where do you draw the line?
[01:33:30.160 --> 01:33:32.160]  I don't know the answer to that question.
[01:33:32.160 --> 01:33:36.160]  I hope somebody else has it, because that's one that I've been pondering for a long time.
[01:33:36.160 --> 01:33:43.160]  Well, Steve, I think that I don't know if you've been following what we call the alternative media.
[01:33:43.160 --> 01:33:45.160]  I don't even like calling it alternative media.
[01:33:45.160 --> 01:33:46.160]  This is the real media in my book.
[01:33:46.160 --> 01:33:48.160]  We're the only ones telling the truth around here.
[01:33:48.160 --> 01:33:53.160]  But you obviously listen to Alex Jones and people like that.
[01:33:53.160 --> 01:34:01.160]  There is an enormous wave in this country and all over the world, people waking up to 9-11
[01:34:01.160 --> 01:34:04.160]  just on that one issue alone.
[01:34:04.160 --> 01:34:10.160]  There was a Zogby poll in New York City, I think it was a couple years back,
[01:34:10.160 --> 01:34:19.160]  something like 85% of the people polled do not believe the so-called official story,
[01:34:19.160 --> 01:34:23.160]  and 50% believe that the government did it.
[01:34:23.160 --> 01:34:27.160]  And so that is just one city.
[01:34:27.160 --> 01:34:31.160]  And from the research I've done, it's common knowledge all over the world.
[01:34:31.160 --> 01:34:37.160]  In every other country, everybody knows what happened on 9-11 all over the world.
[01:34:37.160 --> 01:34:39.160]  It was obvious to everyone.
[01:34:39.160 --> 01:34:44.160]  It's just in this country, the mainstream media has got people so brainwashed
[01:34:44.160 --> 01:34:49.160]  that in the American public, they've been able to pull the wool over people's eyes
[01:34:49.160 --> 01:34:53.160]  because they distract them with American Idol and all this other crap.
[01:34:53.160 --> 01:34:55.160]  But it's coming undone.
[01:34:55.160 --> 01:35:04.160]  There's peer-reviewed papers out now about the thermate, the nanothermite within the paint.
[01:35:04.160 --> 01:35:07.160]  That's how they got it in there.
[01:35:07.160 --> 01:35:11.160]  They painted the thermate on the steel columns.
[01:35:11.160 --> 01:35:12.160]  They found it.
[01:35:12.160 --> 01:35:15.160]  It's peer-reviewed scientific journal.
[01:35:15.160 --> 01:35:17.160]  More and more people are seeing this now.
[01:35:17.160 --> 01:35:22.160]  So I really like what you're saying about we need to all get together and have a plan here
[01:35:22.160 --> 01:35:27.160]  because I really do think that people are waking up more and more.
[01:35:27.160 --> 01:35:32.160]  Well, you know what's one of the things that's really bothered me about the whole truth movement
[01:35:32.160 --> 01:35:39.160]  is people get so wrapped up, just like other economists I deal with in the world of finance,
[01:35:39.160 --> 01:35:41.160]  you have an event.
[01:35:41.160 --> 01:35:45.160]  And then instead of just looking at it in nice, simple black and white
[01:35:45.160 --> 01:35:48.160]  or as black and white as you can make it, okay,
[01:35:48.160 --> 01:35:53.160]  instead of looking at it in a nice, clear manner, we have to dissect it and rip it apart
[01:35:53.160 --> 01:35:56.160]  to get down to the most basic things.
[01:35:56.160 --> 01:36:03.160]  Let's just say for a moment that it is total fact that there was nanothermite involved in the paint
[01:36:03.160 --> 01:36:07.160]  in the entire building, okay?
[01:36:07.160 --> 01:36:14.160]  I think the part that you really need to keep everybody on is don't worry about the details.
[01:36:14.160 --> 01:36:20.160]  A building that was designed to have an airplane fly into it instead,
[01:36:20.160 --> 01:36:27.160]  who had 43 or 48 or some ridiculous amount of 3-inch thick tool steel beams
[01:36:27.160 --> 01:36:32.160]  running all the way through it as a core, that an airplane flies into it,
[01:36:32.160 --> 01:36:36.160]  and in one day, for the first time in history,
[01:36:36.160 --> 01:36:43.160]  three complete steel skyscrapers fell into their own footprints,
[01:36:43.160 --> 01:36:48.160]  not even like the top 25 floors of one of the Twin Towers fell over
[01:36:48.160 --> 01:36:50.160]  and wiped out another building.
[01:36:50.160 --> 01:36:51.160]  Oh, no.
[01:36:51.160 --> 01:36:53.160]  It fell into its footprint.
[01:36:53.160 --> 01:36:57.160]  And then an hour later, the other one fell into its footprint.
[01:36:57.160 --> 01:37:01.160]  And then you have WT-7 that just for no apparently good reason,
[01:37:01.160 --> 01:37:05.160]  it had a small office fire in like one or two sporadic little places,
[01:37:05.160 --> 01:37:09.160]  and it just fell into its own footprint.
[01:37:09.160 --> 01:37:16.160]  That's the stuff people need to focus on because even a child could remember telling that part.
[01:37:16.160 --> 01:37:20.160]  And like the Pentagon, like when you and I spoke earlier today,
[01:37:20.160 --> 01:37:24.160]  that to me is the most bizarre of all of them.
[01:37:24.160 --> 01:37:28.160]  If anybody's ever taken a good look at a jumbo jet
[01:37:28.160 --> 01:37:34.160]  and then you look at the pictures broadcast globally during the first hour or two
[01:37:34.160 --> 01:37:38.160]  of when that build, when the Pentagon was actually hit by whatever it was,
[01:37:38.160 --> 01:37:43.160]  it's so obvious it wasn't a jumbo jet.
[01:37:43.160 --> 01:37:49.160]  And the fact that who knows what it actually was, does it really matter?
[01:37:49.160 --> 01:37:56.160]  No, because finding out the perpetrators at this point is almost impossible.
[01:37:56.160 --> 01:37:57.160]  They're gone.
[01:37:57.160 --> 01:37:59.160]  They're covered.
[01:37:59.160 --> 01:38:05.160]  And even if we did find them, what punishment would fit that level of crime,
[01:38:05.160 --> 01:38:07.160]  that level of distrust?
[01:38:07.160 --> 01:38:13.160]  I'm not willing to make those calls or tell anybody else they should cook up some kind of thing for it
[01:38:13.160 --> 01:38:15.160]  because that's the dark side.
[01:38:15.160 --> 01:38:17.160]  I'm not going there.
[01:38:17.160 --> 01:38:21.160]  But the whole picture of how obvious could it be?
[01:38:21.160 --> 01:38:29.160]  One of my friends right after 9-11, he sent me a picture of the cleanup crew at Ground Zero,
[01:38:29.160 --> 01:38:38.160]  and they showed one of these pylons, these enormous 3-inch thick I-beams that you, me,
[01:38:38.160 --> 01:38:42.160]  and Eddie couldn't join hands and put our arms around one of these things.
[01:38:42.160 --> 01:38:45.160]  And it was cut at a 45-degree angle.
[01:38:45.160 --> 01:38:48.160]  And I showed it to my brother-in-law and I said, what do you think about this?
[01:38:48.160 --> 01:38:50.160]  And he was like, don't even go conspiracy on me.
[01:38:50.160 --> 01:38:54.160]  They're cleaning it up and they cut the beam so they could take the wall apart.
[01:38:54.160 --> 01:39:00.160]  I said, you don't know crap about either geometry or construction sites.
[01:39:00.160 --> 01:39:06.160]  No foreman in his right mind would ever allow some guy with a cutting torch to sit here
[01:39:06.160 --> 01:39:15.160]  and make artwork out of a beam of that magnitude, cutting a 45-degree angle on it so he could take it apart.
[01:39:15.160 --> 01:39:20.160]  He would have cut it at a 90-degree angle and a torch would have made it a mess.
[01:39:20.160 --> 01:39:24.160]  Yeah, not to mention the fact that it would appear that every length of metal in that entire building
[01:39:24.160 --> 01:39:28.160]  came apart at just the right length to fit on a flatbed truck.
[01:39:28.160 --> 01:39:29.160]  Yeah, exactly.
[01:39:29.160 --> 01:39:36.160]  So folks, if we could have 9-11 and we could have that horrendous loss of life,
[01:39:36.160 --> 01:39:42.160]  and thank God it wasn't worse, because people were told, don't leave the building, stay where you are.
[01:39:42.160 --> 01:39:46.160]  Why? So the body count would be higher and people would get more afraid.
[01:39:46.160 --> 01:39:48.160]  Exactly why.
[01:39:48.160 --> 01:39:50.160]  It's that fear thing, guys.
[01:39:50.160 --> 01:39:55.160]  This whole thing of, okay, if the dollar does change, China pulls the plug,
[01:39:55.160 --> 01:40:07.160]  whatever the hell these people throw at us, the number one defense you have is not fear, no matter how hard it is.
[01:40:07.160 --> 01:40:10.160]  That's why I'll say this repetitively.
[01:40:10.160 --> 01:40:15.160]  The first thing to do in preparing and how to deal with all this isn't the money.
[01:40:15.160 --> 01:40:18.160]  It's not the stored food. It's not even the ammo.
[01:40:18.160 --> 01:40:24.160]  Get your spiritual house in order, because if you are not grounded going into this
[01:40:24.160 --> 01:40:32.160]  and you do not have faith and have some rigidity as far as knowing what the outcome of the whole battle is,
[01:40:32.160 --> 01:40:36.160]  you're going to seize in fear.
[01:40:36.160 --> 01:40:45.160]  And once you get to that point, you might not be able to be helped by anybody.
[01:40:45.160 --> 01:40:49.160]  And if you know the truth and you've been trying to tell people for years,
[01:40:49.160 --> 01:40:53.160]  maybe it's the time for you to go incognito.
[01:40:53.160 --> 01:40:55.160]  Stop telling people.
[01:40:55.160 --> 01:40:57.160]  Start preparing.
[01:40:57.160 --> 01:41:02.160]  Start doing whatever you can as far as rations and supplies go,
[01:41:02.160 --> 01:41:06.160]  maybe to help the people who are so clueless today.
[01:41:06.160 --> 01:41:09.160]  Because going about and beating your head off the wall,
[01:41:09.160 --> 01:41:15.160]  and folks, I'm sure countless people out there could attest to the same situation.
[01:41:15.160 --> 01:41:18.160]  You saw it before others did.
[01:41:18.160 --> 01:41:21.160]  You tried to talk about it and you were ridiculed.
[01:41:21.160 --> 01:41:28.160]  You tried to explain the reality behind what you saw to avoid the ridicule.
[01:41:28.160 --> 01:41:34.160]  And because their either mentality, their fear, or their just, you know,
[01:41:34.160 --> 01:41:40.160]  blemming mentality would not allow their brain to see it,
[01:41:40.160 --> 01:41:44.160]  the ridicule went to name-calling or went to I'll turn my back on you
[01:41:44.160 --> 01:41:49.160]  or I won't talk to you at family events, that kind of stuff.
[01:41:49.160 --> 01:41:55.160]  If that's happened to you or that's happening on any level, back off.
[01:41:55.160 --> 01:41:59.160]  Because you have to make sure your head and your family
[01:41:59.160 --> 01:42:03.160]  and your immediate circle is prepared for and taken care of.
[01:42:03.160 --> 01:42:08.160]  Because if you fall down, who picks you up?
[01:42:08.160 --> 01:42:15.160]  You know, anything that any of us can do as individuals to stay out of a realm of fear,
[01:42:15.160 --> 01:42:22.160]  that is going to be our biggest weapon, regardless of who does what.
[01:42:22.160 --> 01:42:25.160]  That's why I was willing to do this call tonight.
[01:42:25.160 --> 01:42:27.160]  I don't have any answers.
[01:42:27.160 --> 01:42:31.160]  I don't even have a license to give anybody advice.
[01:42:31.160 --> 01:42:35.160]  But one thing I do know is BS when I hear it.
[01:42:35.160 --> 01:42:38.160]  I know a crime when I see it.
[01:42:38.160 --> 01:42:47.160]  I know that everything we're being told about the strength and vitality of our economy could not be a bigger joke.
[01:42:47.160 --> 01:42:52.160]  If it wasn't real, if this wasn't actually happening,
[01:42:52.160 --> 01:42:58.160]  what's going on in the world right now would make the best damn comedy show you could imagine.
[01:42:58.160 --> 01:43:02.160]  But it is real.
[01:43:02.160 --> 01:43:03.160]  Yes, indeed.
[01:43:03.160 --> 01:43:08.160]  And just to go back to this Pentagon thing just quickly,
[01:43:08.160 --> 01:43:13.160]  let's talk about just briefly what we were talking about earlier tonight, Steve,
[01:43:13.160 --> 01:43:16.160]  relating it back to the whole monetary system.
[01:43:16.160 --> 01:43:19.160]  What part of the building of the Pentagon was hit?
[01:43:19.160 --> 01:43:23.160]  And not only that, but we talk about the psyop thing,
[01:43:23.160 --> 01:43:27.160]  the psychological operation of 9-11 on the American public
[01:43:27.160 --> 01:43:30.160]  and how the mainstream media showed the images,
[01:43:30.160 --> 01:43:37.160]  the video of the second plane hitting the second tower over and over and over and over to just slam it into people's heads.
[01:43:37.160 --> 01:43:42.160]  Well, not only that, notice how they don't show the building collapsing over and over and over
[01:43:42.160 --> 01:43:46.160]  because then people will be like, huh, but they show the plane hitting over and over and over,
[01:43:46.160 --> 01:43:52.160]  but they never show the, quote, plane or whatever it was hitting the Pentagon, okay?
[01:43:52.160 --> 01:43:53.160]  Well, they can.
[01:43:53.160 --> 01:43:55.160]  They can because it's not what happened.
[01:43:55.160 --> 01:44:01.160]  But back to what part of the Pentagon was hit, what office was that?
[01:44:01.160 --> 01:44:03.160]  Tell us about that, Steve.
[01:44:03.160 --> 01:44:04.160]  Well, it's really interesting.
[01:44:04.160 --> 01:44:08.160]  There were multiple investigations going on at the time.
[01:44:08.160 --> 01:44:11.160]  And again, you want to find out any crime?
[01:44:11.160 --> 01:44:12.160]  Follow the money.
[01:44:12.160 --> 01:44:14.160]  It's the root of all evil.
[01:44:14.160 --> 01:44:21.160]  If you can follow the money, it leads the rabbit trail right to the perpetrators of evil every single time.
[01:44:21.160 --> 01:44:30.160]  One of the offices that was actually hit in the Pentagon was doing a study, like forensic accounting, if it were,
[01:44:30.160 --> 01:44:38.160]  is why $2 trillion was unaccounted for in the military budget over a specific amount of time.
[01:44:38.160 --> 01:44:42.160]  I don't remember all the little details of it, but that's the gist of it.
[01:44:42.160 --> 01:44:48.160]  And the very offices that were conducting this were actually hit.
[01:44:48.160 --> 01:44:50.160]  They were the ones taken out.
[01:44:50.160 --> 01:44:59.160]  How is it that the World Trade Center Building Number 7 also housed most of the financial records
[01:44:59.160 --> 01:45:07.160]  and money records of other investigations going on with Wall Street corruption, with banking corruption,
[01:45:07.160 --> 01:45:10.160]  with regulatory oversight?
[01:45:10.160 --> 01:45:19.160]  How do you have $100 billion worth of gold just freaking vanish out of the bottom of the World Trade Center?
[01:45:19.160 --> 01:45:21.160]  Oh, come on, people.
[01:45:21.160 --> 01:45:22.160]  It's a cover story.
[01:45:22.160 --> 01:45:24.160]  It's a crime.
[01:45:24.160 --> 01:45:29.160]  How many at least B-rated and above movies have you seen in the theater
[01:45:29.160 --> 01:45:33.160]  where somebody is going to be doing a sophisticated crime job?
[01:45:33.160 --> 01:45:37.160]  So they set off an explosive device.
[01:45:37.160 --> 01:45:39.160]  They have a building fall down.
[01:45:39.160 --> 01:45:44.160]  They do something like David Copperfield to get everybody's attention over here
[01:45:44.160 --> 01:45:48.160]  so we can go clean out the building and nobody even notices it.
[01:45:48.160 --> 01:45:51.160]  You know, Deborah, you just mentioned SIOP.
[01:45:51.160 --> 01:45:55.160]  And while you were talking about the plane slamming over and over again,
[01:45:55.160 --> 01:46:02.160]  maybe the fact that nothing's ever been done about the joke of what's been reported to us
[01:46:02.160 --> 01:46:04.160]  took place on purpose.
[01:46:04.160 --> 01:46:06.160]  You are not in control.
[01:46:06.160 --> 01:46:12.160]  If you listen to the regular world, the regular academia, they will tell you there is no God.
[01:46:12.160 --> 01:46:18.160]  You were luckily derived from some mutant zapping of some pool out in the middle of nowhere
[01:46:18.160 --> 01:46:22.160]  and poof, here comes intelligent life, okay?
[01:46:22.160 --> 01:46:25.160]  You don't have anything to look forward to.
[01:46:25.160 --> 01:46:29.160]  You're the descendant of a monkey, of some primate.
[01:46:29.160 --> 01:46:32.160]  Your ass is lucky to even be here.
[01:46:32.160 --> 01:46:35.160]  Well, maybe they believe that's where they came from.
[01:46:35.160 --> 01:46:39.160]  Well, you know, maybe something out of the monkey's ass, maybe.
[01:46:39.160 --> 01:46:43.160]  Yeah, well, I certainly don't believe that.
[01:46:43.160 --> 01:46:46.160]  Well, I'm not picking on evolutionists.
[01:46:46.160 --> 01:46:49.160]  I'm not picking on people who don't believe.
[01:46:49.160 --> 01:46:52.160]  But try to follow the logic here.
[01:46:52.160 --> 01:46:57.160]  If you don't believe these things and you believe that government is really all there is,
[01:46:57.160 --> 01:47:00.160]  that there are people who are smarter than you and more powerful,
[01:47:00.160 --> 01:47:08.160]  and they were destined to be there, and you know what they told you is a lie,
[01:47:08.160 --> 01:47:12.160]  but they're so big, they're so powerful, and they're so interconnected
[01:47:12.160 --> 01:47:15.160]  that they could just cram it in your face.
[01:47:15.160 --> 01:47:18.160]  Here's the evidence, and we're going to show it to you a hundred times.
[01:47:18.160 --> 01:47:22.160]  The airplane slamming into the building, perfect sign-up.
[01:47:22.160 --> 01:47:24.160]  You've seen it in the movies.
[01:47:24.160 --> 01:47:26.160]  We just made it happen for real.
[01:47:26.160 --> 01:47:29.160]  Got any question?
[01:47:29.160 --> 01:47:32.160]  Are you going to listen to us and do whatever you say we say?
[01:47:32.160 --> 01:47:36.160]  Are you going to bend over when we snap our fingers?
[01:47:36.160 --> 01:47:43.160]  That's the stuff that makes me say there is a reason why it's never been uncovered for real,
[01:47:43.160 --> 01:47:48.160]  why it's never reached a larger audience, because it was never intended to.
[01:47:48.160 --> 01:47:51.160]  It was a twofold exercise.
[01:47:51.160 --> 01:47:57.160]  One, let's maybe threefold, destroy all the evidence of all these little do-gooders
[01:47:57.160 --> 01:48:01.160]  who are gathering up evidence against all the money we ripped off and stole.
[01:48:01.160 --> 01:48:06.160]  Let's get rid of them and maybe kill them or burn their buildings down deliberately,
[01:48:06.160 --> 01:48:09.160]  or crash them down, sorry.
[01:48:09.160 --> 01:48:14.160]  Let's scare the heck out of everybody so no matter what we tell them,
[01:48:14.160 --> 01:48:18.160]  they're going to buy into it, and then let's prepare everybody for,
[01:48:18.160 --> 01:48:23.160]  if you come after us, this is what might happen to you.
[01:48:23.160 --> 01:48:28.160]  It's the perfect cover for a perfect crime.
[01:48:28.160 --> 01:48:36.160]  Yeah, and Cynthia McKinney grilled Rummy, as I call him, Donald Rumsfeld, on the house floor.
[01:48:36.160 --> 01:48:43.160]  I think it was only like a week before 9-11 about just what in the heck is going on
[01:48:43.160 --> 01:48:47.160]  with this missing $2 trillion, dude.
[01:48:47.160 --> 01:48:49.160]  Right, and again, follow the money.
[01:48:49.160 --> 01:48:53.160]  When you have a big problem, you need a big cover story.
[01:48:53.160 --> 01:48:56.160]  Well, $2 trillion is nothing to sneeze at.
[01:48:56.160 --> 01:48:59.160]  I live 150 miles away from Chicago.
[01:48:59.160 --> 01:49:07.160]  I could go into certain parts of Chicago and people would literally cut my throat for $50.
[01:49:07.160 --> 01:49:13.160]  What do you think they're going to be willing to do if I handed them $100 billion?
[01:49:13.160 --> 01:49:18.160]  So here, I'm going to rip off $2 trillion, you clowns get $100 billion,
[01:49:18.160 --> 01:49:20.160]  and you help me make it happen.
[01:49:20.160 --> 01:49:25.160]  Oh, my gosh, there would be entire city blocks of Chicago that would just literally get right out of their chairs
[01:49:25.160 --> 01:49:29.160]  and say, what do you want us to do?
[01:49:29.160 --> 01:49:31.160]  To me, the exact same thing has already happened.
[01:49:31.160 --> 01:49:33.160]  It's going to happen again.
[01:49:33.160 --> 01:49:38.160]  This is the part that I feel driven to try to discuss and share with people.
[01:49:38.160 --> 01:49:46.160]  More than anything, when you see the next one, if you already have in your head the realm of possibility
[01:49:46.160 --> 01:49:53.160]  of how would it work, why would it be happening, who stands to gain, now what,
[01:49:53.160 --> 01:49:58.160]  if your brain already has heard this and you have a chance to digest it,
[01:49:58.160 --> 01:50:03.160]  when the next big one comes, all of a sudden light bulbs are going to go on your head,
[01:50:03.160 --> 01:50:11.160]  this isn't anything to be afraid of, per se, this is exactly what we already knew was coming.
[01:50:11.160 --> 01:50:17.160]  Now, if this is happening, it really does mean the United States is formally dead,
[01:50:17.160 --> 01:50:20.160]  that the rule of law has been extinguished.
[01:50:20.160 --> 01:50:24.160]  Brutality and the rule of force will be next.
[01:50:24.160 --> 01:50:29.160]  You know, we talk about martial law, we've read countless stories, all of us,
[01:50:29.160 --> 01:50:37.160]  over the last month of the forced inoculation and the multi-staged precursors and all this stuff.
[01:50:37.160 --> 01:50:43.160]  I remember being a little boy watching Batman, the TV show.
[01:50:43.160 --> 01:50:49.160]  And on one of the episodes in Batman, the Joker had combined some neurotoxins,
[01:50:49.160 --> 01:50:53.160]  some in some hairspray, some in some lipstick, some in something else,
[01:50:53.160 --> 01:50:58.160]  and all by themselves they're perfectly harmless until you put the pieces together
[01:50:58.160 --> 01:51:03.160]  and then people would, you know, women would be walking around with this big Joker smile on their face,
[01:51:03.160 --> 01:51:06.160]  just like him.
[01:51:06.160 --> 01:51:12.160]  And I keep thinking back to stuff like that, how these people somehow,
[01:51:12.160 --> 01:51:19.160]  I don't know if it's part of their programming, their black magic, religion, whatever the heck it is, okay,
[01:51:19.160 --> 01:51:23.160]  where they have to somehow, if they're going to keep their power,
[01:51:23.160 --> 01:51:29.160]  they have to tell you I'm about to ruin your life and here's how I'm going to do it.
[01:51:29.160 --> 01:51:32.160]  Like it's part of the puzzle somehow.
[01:51:32.160 --> 01:51:36.160]  Oh, yeah, they love to shove it in our face.
[01:51:36.160 --> 01:51:38.160]  It's like they don't even try to hide it.
[01:51:38.160 --> 01:51:40.160]  It's like this is what we're going to do.
[01:51:40.160 --> 01:51:44.160]  We're going to totally demolish your life and this is how we're going to do it.
[01:51:44.160 --> 01:51:48.160]  And nanny, nanny, boo-boo, what are you going to do about it?
[01:51:48.160 --> 01:51:51.160]  You can't do nothing, like summing their noses at us.
[01:51:51.160 --> 01:51:53.160]  It's all part of the psyop.
[01:51:53.160 --> 01:51:58.160]  It's all part of the psychological operation of control.
[01:51:58.160 --> 01:51:59.160]  What?
[01:51:59.160 --> 01:52:00.160]  I'm sorry.
[01:52:00.160 --> 01:52:02.160]  No, I just say I don't buy into it.
[01:52:02.160 --> 01:52:12.160]  And so when we can rip the veil off of it to expose these psychological NLP shenanigans of theirs,
[01:52:12.160 --> 01:52:14.160]  it breaks the spell.
[01:52:14.160 --> 01:52:16.160]  Don't work on me, pal.
[01:52:16.160 --> 01:52:20.160]  And it's not working on a lot of other people and more and more people are waking up.
[01:52:20.160 --> 01:52:22.160]  It's becoming less and less effective.
[01:52:22.160 --> 01:52:25.160]  Anyway, go ahead, Steve.
[01:52:25.160 --> 01:52:29.160]  One of my friends just asked me a question on Skype.
[01:52:29.160 --> 01:52:35.160]  And he said that 19 percent figure you gave out of unemployment taking out farm workers.
[01:52:35.160 --> 01:52:36.160]  Is that so?
[01:52:36.160 --> 01:52:37.160]  Where did you get that?
[01:52:37.160 --> 01:52:42.160]  Office of OMB.
[01:52:42.160 --> 01:52:43.160]  God, what's the word?
[01:52:43.160 --> 01:52:45.160]  I just had it on the tip of my tongue.
[01:52:45.160 --> 01:52:53.160]  OMB is a budgetary group from the government that polls and keeps the statistics.
[01:52:53.160 --> 01:52:56.160]  The thing is, I'm sorry, Deborah.
[01:52:56.160 --> 01:53:03.160]  If this came up from him, this is going on with other people, that whole unemployment thing.
[01:53:03.160 --> 01:53:10.160]  The numbers that these same people who would pull off the 9-11, who pull off all these other scams,
[01:53:10.160 --> 01:53:16.160]  when we hear what's the interest rate, what's the inflation rate, what's the unemployment rate,
[01:53:16.160 --> 01:53:21.160]  the numbers that we're told are so far removed from reality,
[01:53:21.160 --> 01:53:26.160]  they're basically anything that they want to believe.
[01:53:26.160 --> 01:53:29.160]  They have very little basis in reality.
[01:53:29.160 --> 01:53:33.160]  And all they have to do is have a little meeting, change the formula.
[01:53:33.160 --> 01:53:35.160]  Everybody agrees on the formula, great.
[01:53:35.160 --> 01:53:40.160]  Here's the new formula for how we figure out how many people are unemployed.
[01:53:40.160 --> 01:53:44.160]  And then when the numbers come in, we plug them in, and this is the number we're given.
[01:53:44.160 --> 01:53:47.160]  So obviously this must be the real number because we're the guys in charge.
[01:53:47.160 --> 01:53:52.160]  We came up with the formula, we all agreed on it, and here's what the formula says.
[01:53:52.160 --> 01:53:57.160]  John Williams over at shadowstats.com, and I get nothing for mentioning his name.
[01:53:57.160 --> 01:54:00.160]  It's just a great resource.
[01:54:00.160 --> 01:54:05.160]  John Williams, the way he derives his data is he goes back and looks at,
[01:54:05.160 --> 01:54:09.160]  how did we come up with unemployment numbers 30 years ago
[01:54:09.160 --> 01:54:14.160]  before the system started just spiraling out of control?
[01:54:14.160 --> 01:54:18.160]  And if you take the old formulas and you plug the new numbers into it,
[01:54:18.160 --> 01:54:22.160]  all of a sudden it makes crystal clear sense.
[01:54:22.160 --> 01:54:27.160]  The entire part, all of it is a joke, all of it.
[01:54:27.160 --> 01:54:32.160]  So if you want to, go look up Office of Management and Budget.
[01:54:32.160 --> 01:54:34.160]  You know, do a Google search on this.
[01:54:34.160 --> 01:54:40.160]  Do a Google search on articles written using shadowstats.com
[01:54:40.160 --> 01:54:44.160]  because shadowstats is a subscription service and it's rather expensive.
[01:54:44.160 --> 01:54:49.160]  If you're just the average researcher or somebody who's looking to just protect his own family,
[01:54:49.160 --> 01:54:53.160]  that might not be a service that's worthy of your dollars yet.
[01:54:53.160 --> 01:54:55.160]  Obviously you'd have to make that choice,
[01:54:55.160 --> 01:55:03.160]  but there's other ways of getting tidbits off of it without having to spend a big buck.
[01:55:03.160 --> 01:55:09.160]  Denver, one of the things when you and I had spoke this afternoon before tonight's show,
[01:55:09.160 --> 01:55:15.160]  one of the problems I have with talking about this is imagine you have one diamond
[01:55:15.160 --> 01:55:19.160]  and the diamond has 75 facets on it.
[01:55:19.160 --> 01:55:25.160]  Any facet you talk about is important because it's a piece of the larger whole.
[01:55:25.160 --> 01:55:31.160]  But I've spent so much time talking and dealing with these different facets,
[01:55:31.160 --> 01:55:37.160]  I can really easily get tripped up on where do I take the next part?
[01:55:37.160 --> 01:55:40.160]  How do I disseminate the next part of knowledge?
[01:55:40.160 --> 01:55:47.160]  How do I transition from a facet over here to a facet on the bottom, you know, opposite side of the diamond?
[01:55:47.160 --> 01:55:52.160]  And one of the things I had asked you before we had spoken was, you know,
[01:55:52.160 --> 01:56:01.160]  keep me going on questions because I have a much easier time dealing with it in segments than I do as the bigger picture.
[01:56:01.160 --> 01:56:02.160]  Sure.
[01:56:02.160 --> 01:56:07.160]  Because we don't have enough time to really talk about the bigger picture more than what we already have,
[01:56:07.160 --> 01:56:10.160]  little cliff notes, so to speak.
[01:56:10.160 --> 01:56:11.160]  Sure.
[01:56:11.160 --> 01:56:13.160]  Do you have any calls that are backing up for questions?
[01:56:13.160 --> 01:56:17.160]  Well, we're about to go to break at the top of the hour.
[01:56:17.160 --> 01:56:20.160]  We'll have like a four-minute break so we can regroup then.
[01:56:20.160 --> 01:56:21.160]  And we do have a call.
[01:56:21.160 --> 01:56:25.160]  We've got Rick from Texas, so let's take Rick.
[01:56:25.160 --> 01:56:26.160]  Rick, thanks for calling in.
[01:56:26.160 --> 01:56:29.160]  What is your question for our guest?
[01:56:29.160 --> 01:56:31.160]  Rick?
[01:56:31.160 --> 01:56:32.160]  Hello?
[01:56:32.160 --> 01:56:35.160]  Yes, Rick, what is your question for our guest?
[01:56:35.160 --> 01:56:38.160]  Well, actually, you know, I talked with Randy earlier,
[01:56:38.160 --> 01:56:43.160]  and I hate to sound like a broken record, but I've got traffic issues still.
[01:56:43.160 --> 01:56:46.160]  Oh, Rick, listen, you know what, Rick?
[01:56:46.160 --> 01:56:50.160]  Why don't you call back in on Monday night?
[01:56:50.160 --> 01:56:57.160]  Eddie is with us tonight who does traffic, but we have, you know, we have Steve with us,
[01:56:57.160 --> 01:56:59.160]  and so I'd like to stay on point if possible.
[01:56:59.160 --> 01:57:00.160]  Is that okay, Rick?
[01:57:00.160 --> 01:57:01.160]  Not yet.
[01:57:01.160 --> 01:57:02.160]  I understand.
[01:57:02.160 --> 01:57:07.160]  Rick, just go ahead and send me an email, Rick, and I'll get with you over the weekend, okay?
[01:57:07.160 --> 01:57:09.160]  Who is that, Eddie or?
[01:57:09.160 --> 01:57:10.160]  That's Eddie, yes.
[01:57:10.160 --> 01:57:11.160]  Yes, that's Eddie.
[01:57:11.160 --> 01:57:13.160]  Okay, listen, I'll be real quick here.
[01:57:13.160 --> 01:57:18.160]  I talked with, I got pewtermail at email.com for Randy.
[01:57:18.160 --> 01:57:19.160]  Yeah, that's right.
[01:57:19.160 --> 01:57:21.160]  Would you read it the same way?
[01:57:21.160 --> 01:57:22.160]  Yeah, what?
[01:57:22.160 --> 01:57:32.160]  No, get me at Craig, C-R-A-I-G, dot Eddie, E-D-D-I-E, dot E, at gmail.com.
[01:57:32.160 --> 01:57:36.160]  Yes, and I need to, Eddie, I need to post your email address up on the Web site.
[01:57:36.160 --> 01:57:39.160]  I'm sorry, listeners, I haven't done that yet, so thank you.
[01:57:39.160 --> 01:57:40.160]  Contact Eddie.
[01:57:40.160 --> 01:57:45.160]  Craig, dot Eddie, dot E, at gmail.com?
[01:57:45.160 --> 01:57:46.160]  Correct.
[01:57:46.160 --> 01:57:50.160]  Okay, yeah, time's kind of of the essence.
[01:57:50.160 --> 01:57:51.160]  I'll do it over the weekend.
[01:57:51.160 --> 01:57:56.160]  I'll at least do it by Monday, but the 31st of August I've really got to have some help
[01:57:56.160 --> 01:57:59.160]  or, you know, some papers to file.
[01:57:59.160 --> 01:58:04.160]  I'll leave you a detailed description on my email of what's going on.
[01:58:04.160 --> 01:58:05.160]  That's fine.
[01:58:05.160 --> 01:58:09.160]  Give me your phone number and I'll call you also and get with you direct.
[01:58:09.160 --> 01:58:10.160]  Oh, thank you so much.
[01:58:10.160 --> 01:58:11.160]  You're welcome.
[01:58:11.160 --> 01:58:12.160]  All right, thank you, Rick.
[01:58:12.160 --> 01:58:14.160]  Okay, we're about to go to break.
[01:58:14.160 --> 01:58:20.160]  And Steve, listen, you're blowing us away here, so no need for any apologies.
[01:58:20.160 --> 01:58:23.160]  You know, this is very, very good information.
[01:58:23.160 --> 01:58:25.160]  I know our listeners are intrigued.
[01:58:25.160 --> 01:58:29.160]  The graph of our streams has been steady increasing the entire show,
[01:58:29.160 --> 01:58:32.160]  so I know people are calling their friends and telling them to tune in.
[01:58:32.160 --> 01:58:38.160]  Listeners, we have more from our good friend Steve coming up.
[01:58:38.160 --> 01:58:40.160]  We're at the mid-show break, 10 o'clock break.
[01:58:40.160 --> 01:58:42.160]  We've got some news for you, and then we'll be right back.
[01:58:42.160 --> 01:58:44.160]  We've got Brian from Pennsylvania.
[01:58:44.160 --> 01:58:47.160]  So, Brian, we'll take your call when we get back on the other side.
[01:58:47.160 --> 01:58:49.160]  This is The Rule of Law.
[01:58:49.160 --> 01:58:52.160]  Randy Kelton, Deborah Stevens, Eddie Craig, very special guest Steve.
[01:58:52.160 --> 01:59:02.160]  We'll be right back.
[01:59:22.160 --> 01:59:32.160]  We'll be right back.
[01:59:52.160 --> 01:59:56.160]  We'll be right back.