Money & Markets July 17, 2025 - Crosshairs
Ladies and gentlemen, welcome to
Money and Markets on the Solari
Report where John Titus and I
attempt to be an oasis of sanity.
I have to tell you, this week has been unbelievable, John. Anyway what's our theme? Theme is cross hairs. Maybe it should have been oasis of sanity, though. That was,
or at least, we try to be an oasis of Clarity. Clarity. That's probably better because we're describing completely insane things. Yeah. Sanity is a, as a reach in the current environment.
Okay. I have to tell you, there's so many people in the crosshairs, including all of us, so anyway. Yeah. It's a good theme. And across here. Start at the top. So let's dive in with the Epstein story. The top, meaning Donald Trump in this case, top of the us. Here's a tweet from Thomas Massey. This is just to set the table for what most Americans is not. 79% of Americans support releasing the Epstein files, but only 16 members of Congress support that release. That's completely shameful. It's up to 20. He had it up to 20 until Mike Johnson literally shut down the house sessions. So to stop the vote. Wow. They had one of the co-sponsors with Massey was claiming on public TV that, that they had the votes to get the Epstein files released. Then why would only 20 people sign up? Then 20 signed up to co. Or totaled to sponsor. But to, co-sponsor. Yeah, to co-sponsor. But what Massey was doing was he was asking for a vote on the record. Somebody, oh, I know what he was doing. Oh yeah. And he seems let's find out who's who. Yeah. But Mike Johnson has literally called into early recess and recessed the house to stop the Epstein vote. So the house, okay, so we know who he, tonight he's on. Okay. Thanks. Thanks, Mike. So the house now gets 41 days of paid vacation, right? Yeah. Wow. In exchange for protecting pedophiles. Okay. Exchange. But at least, Mike Johnson is outed himself. Let's talk about why 80% of Americans, by the way, let me go back to that tweet by Massey. I wanna point something out here, which is, if you look at this, notice that there's no
the support is runs between 85% Democrats, 75% Republicans, no matter how you cut it, no matter which party you're in, the vast majority of Americans want those files released. And that is what has politicians running scared. And the reason people want 'em released is let's just go to our next clip. This is a former Mossad agent named Ari Ben Mana talking about the reality of the Jeffrey Epstein files. He knows what he is talking about. Let's listen to what former Mossad says. Suppose what the most alarming allegations that you've been making are that the entire Epstein operation was a honey trap operation to entrap politicians, policy makers, celebrities, people in the media. I basically to become Israel's assets. Correct. That it became basically an intelligence operation to entrap different politicians around them.
Okay? So Epstein is an intelligence operations to entrap politicians. Now you see politicians blocking the release of the Epstein information. This is not. A, a mystery worthy of Sherlock Holmes. This is pretty, pretty direct, pretty straightforward, but it tells you how scared they all are, that they would recess the house early, stop all work in the house, just so they could prevent these files from coming out. Because if you get a vote of Congress saying they have to be released, there's no way you then can stop it.
You cannot. Once the information comes out, it's out. You cannot honor ring that bell. But let's now turn to the cross air Smart. So there's nothing really new there for Jeffrey Epstein. This is an issue that's been bandied about and has been well discussed and traveled in kind of the back channel media. Now it's on the broadcast media, and this is, what brings us to the cross airs, starting with the Wall Street Journal, which is historically pretty. Pretty favorable overall to Republicans. Now you've got the journal taking a hard look at the Epstein story. Here you go. From last week, Jeffrey Epstein's friends sent him body letters for a 15th birthday album. One was from Donald Trump. So the journal is all over this story. And let's just look at the story briefly. It was Jeffrey Epstein's 50th birthday. Ghislaine Maxwell was preparing a special gift. She collected letters from Trump and dozens of Epstein's other associates for a 2003 birthday album.
So that is an interesting, I'm gonna highlight this. It's a birthday album, so it's a physical look at this pages from a, the leather bound album. This is a, this is not an electronic document we're talking about here. It was assembled before Epstein was first arrested in 2006. And it's among the documents examined by DOJ officials. Who investigated Epstein and Maxwell years ago? So not the current DOJA, past DOJ. It's unclear if any of the pages are part of the Trump Administration's DOJ review, so that we don't know the letter bearing Trump's name. Notice the notice how cagey the journal is here. They don't say it's the letter. Trump wrote the letter bearing Trump's name which was reviewed by the journal. So they've seen the letter is body like others. In the album, it contains several lines of typewritten text framed by the outline of a naked woman, which appears to be hand drawn with a heavy marker. A pair of small arcs denotes the woman's breasts and the future President's signature. Signature is a squiggly Donald below her waist mimicking pubic hair. So the journal isn't they're, not, pulling punches here. They're, laying out all the lure detail with Donald Trump. Trump denied writing the letter or drawing the picture. This is not me. This is a fake thing. It's a fake Wall Street Journal story. He said allegations that Epstein had been sexually abusing girls became public in 2006 and he was arrested that year and, he dies 13 years later. 2019 a 2002 New York magazine profile of Epstein quoted Donald Trump. So this is over 20 years ago, quote from Trump. I've known Jeff for 15 years. Terrific guy Trump said he's a lot of fun to be with. It even said he likes beautiful women as much as I do, and many of them are on the younger side. No doubt about it. Jeffrey enjoys his social life. That's a withering quote. Now that may not be a problem in court, but that's a p that's a PR nightmare for Trump there, right? Don't make any mistake about that. So let's finish off the journal story because the journal is putting his square in front and center allegations that bureaucrats covered up Epstein's connections with the participants in his trafficking scheme. Were fanned by people now in top roles in the Trump administration, including FBI, director Cash Patel and his deputy Dan Bonino In June, 2004, Trump himself was asked, asking a Fox News interview whether he would release the Epstein files, and he said, yeah, I would. But then he pulled back and he said you don't wanna affect people's lives if it's phony stuff in there, because a lot of it's phony stuff with that whole world. But I think I would release the stuff
that's this is, a potential monster problem for Trump. So what has been happening over the last couple days is a drip, on these Epstein files every day it gets worse. So they had Maria Farmer on corporate TV talking about seeing Trump in the in, in Epstein's offices at the Helmsley Palace. And indicating Epstein had said about her, no, she's not for you. Implying that there's someone, there's another young woman in there for him. The New York Times has a story on that. We've got it right here. Yeah. And but we also see Maxwell agree. Tim Burette from congressman, from from Tennessee put out a tweet last night that they had agreed, the house had negotiated and agreed that Maxwell would testify in the house. And it's not clear whether what Johnson was shutting down was the vote or Maxwell showing up and testifying in Congress. But it gets even better than that. I think I sent you this last night, Roy Black, who is the very famous criminal attorney who represented Epstein in 2006 and 2019 just died.
Could be a coincidence, but. I'll tell you what's not a coincidence. That may be a coincidence. Roy Black was 80 years old. 80 years old, okay? So yeah, people die when they're 80. That's, not unprecedented in human history. What's not a coincidence, undoubtedly is now the Trump Department of Justice is seeking to interview Ghislaine Maxwell. They wanna talk to her now, right now. Place your, place, your bets on a Maxwell. Pardon?
Do, does she get Pardon? Can there's, in other words, one potential. Can Trump get away with that? Legally. Yeah, Legally. Yeah, legally he can get away with that. But again let's, go to the New York Times story, because the New York Times story gets into the problem. This is for Trump. It's not necessarily a legal problem, it's a political problem and it is a monster size political problem. Let's look at this. This is what you're talking about, Maria Farmer. And this is New York Times. Okay. So now the time, now the New York Times, now you have America's probably the two flagship papers in the us. The Washington Post and LA Times would disagree with me on that. But Wall Street Journal of New York Times, those are two leading papers in the US covering this story. That's a problem. Okay. Here's the story of Maria Farmer. An accused story suggests how Trump might appear in the Epstein files. It was the summer of 96 when Maria Farmer went to law enforcement to complain about Jeffrey Epstein. She said she urged them to take a broader look at people in his orbit, including. Donald Trump. She says this in 96. She repeated that message 10 years later when the FFBI interviewed her again about Epstein in 2006. Her account is among the clearest indications yet of how Trump might have come to be named in the unreleased investigative files in the Epstein case. Here we go. Let's just look at this difference between legal and journal and political investigations like the one that targeted Epstein often explore a wide range of tips, evidence, recollections, and relationships, little of which ends up being used in court records or is the basis even of a criminal prosecution. Epstein's voluminous investigative file contains many records that have not been made public, but that became the focus of claims long stoked by Mr. Trump's allies that authorities might have covered up the involvement of other rich and powerful men. The story of Ms. Farmer's efforts to call law enforcement's attention to Mr. Epstein in a circle. Shows how the case files could contain material that is embarrassing or politically problematic to Mr. Trump, even if it's largely extraneous to Epstein's crimes and was never fully investigated or corroborated. Here's what you were talking about, right? The backstory, she's not for you. That's an Epstein quote. The encounter with Mr. Trump, Ms. Farmer said occurred in 95 when she was preparing to work for Mr. Epstein. She arrived in his office wearing running shorts. Trump shows up wearing a business suit and started to hover over her. Ms. Farmer said she recall feeling scared as Trump stared at her bare legs. Mr. Epstein then comes in the room and says to Mr. Trump no, she's not here for you. There's, de there's documentary evidence on all this. In 96, Ms. Farmer said she went to stay at Mr. Epstein's estate in Ohio in a complex developed by Leslie Wexner, the Victoria Secrets, CEO, and her first interview with the Times in 2019. Farmer said that before she talked to the FBI, she spoke. To the sixth Precinct of New York Police Department. Police records. Here you go. Records show that she had done this in August of 1996. That's 30 years ago. These records go back. Just look at these records. They, go back a long way. Anyway, Mr. Trump's friend sheet with Mr. Epstein had been captured in videos of them partying together and comments the men have made and his name appears in some previous release. Case records including Epstein's flight logs, more records. There you go. Flight logs. Trump was escorted in 2002 as calling Mr. Epstein a terrific, you get the flavor. There's decades of dirt and scandal and innuendo on this. And this is a massive problem so I go back to the claimants after Epstein died. We have a victim's compensation fund. 220 plus apply 150, get settlements of 138 million. That's a lot of files, John,
that's a lot of fi when you pay out 138 million to 150 people who have allegations, that's a lot of files. So in other words, the drip can be kept on every day, every hour, or every day for decades. And the question is why, right? Why is the Epstein files being stoked? And I would say there are a couple reasons why. One is that some of the Trump appointees made such a big deal about how they were gonna release these files beforehand. And the whole Epstein saga was a big
cult thing. It was a, rallying cry, right? It was a rallying cry. So part of this is the Trump team turning this into something much bigger than it had to be turned into? That's part of it. But the other thing is Trump had Powell in the crosshairs the week before. Suddenly now Trump's in the crosshairs and you see the secretary and Trump backing down on Powell. We have a story coming up later. We do. So the question is is this because once you pass the stablecoin bill, the Genius Act, which has been passed and signed into law, and the big beautiful Bill one, you don't need Trump anymore, he's now become much more expendable. He's gotten a lot of the job done. But then the question is gonna be, if you're going to issue trillions of dollars of stable coins, who's gonna control that? Is it gonna be the treasury side of the house or is it gonna be the monetary side of the house? We're watching a war between those two sides. Interesting. A And we haven't even gotten into, let's go back to the 2006 Epstein case, right? Epstein, Jeffrey Epstein got a sweetheart deal in that case, right? On rape allegations, we've got a home arrest and all the rest. You know who cut that deal? Yeah, it was a guy ACO Acosta. It was Acosta who, was the labor secretary for, in the first Trump administration, who then 12 years later gets appointed by Trump, or 10 years later by as a, cabinet position, right? Yeah it looks like you don't think, you don't think the Journal of the Times and the journalist can turn that in a quid pro quo. You gotta be kidding. Of course they can. You gotta be quid me. But I wanna point out no one so if you look at Epstein, there's a lot more here than sex because you have money laundering.
I would say the money laundering was probably very significant, but you also have all sorts of money going into science and high technology, and there's all sorts of secret technology involved. So you have a couple stories here, and if these files get public, you're gonna be able to connect the dots and integrate them now. I'm confident that Epstein was very much an asset for the Mossad, but no one can operate. He was an American operating on American soil. He was international but very significant residents and operating on American soil. And no one can do that without the support of the New York Fed member banks and the US intelligence agencies. I would agree with that. And I also have noted for a long time that of the thousands of photographs of Jeffrey Epstein's orbit, you never see the, real players. You never see a Tim Geer in there. You never see a Bill Dudley, you never see high ranking fed members in there. It's always the dumb dumbs. It's the Bill Gates. It's, the Larry Summers it's the, Rubes, it's Alan Dershowitz. It's these clowns who show up. They're real players. They're nowhere to be seen. Although, I will say, remember Lutnick did have the house next door, so you have no idea what was happening through the basement of the garden. Yeah. Another dubious le labor secretary. But a primary dealer, one of the 24 primary dealers. Yeah. So
big let's, finish it off. Trump is now trying to turn the crosshairs himself onto the newspapers. Really onto the journal. I don't think this is a good idea. Trump sues after Wall Street Journal's. Epstein story. This is short and sweet. President Trump sued the Wall Street Journal for defamation on Friday after the newspaper published a story detailing an alleged letter Trump sent to Jeffrey Epstein for his 50th birthday. This is not a good idea. The 18 page complaint says the story is called, has caused overwhelming financial and reputational harm for the president, demanding billions of dollars in damages, overwhelming financial damage, overwhelming financial. So in other words, your financial records you, that's now discoverable information. Since you, yourself have put them in the cross airs all by yourself by filing this lawsuit. That's a good point. So they can, ask for the information on all the meme coins and crypto coins and whatever they want. Yeah. Let me tell you that the, standard for information getting produced and discovery and litigation
is it relevant or may it lead to relevant information. It's so broad. So here's for me the, one of the most interesting questions, where does that letter reside? Because there's a reasonable chance, it's still at the Department of Justice and it got leaked by somebody at d oj. It looks to me just what, just based on what we just looked at. It's not at d oj right now. It's with some people who worked in DOJ previously. That's very possible. Where is, where's that leather bound journal right now? Physically? Where's that Leather bound journal? I wanna know. So it could be at the FBI, it could be at the DOJ, it could be with somebody who used to work there. It probably is. I think. I think you're probably right, but I don't think it's, if it's in an office it's almost certainly in an office in the DOJ because the DOJ includes the FBI, I don't think it's in an office of the Trump team that's undoubtedly on this Epstein case.
So all I'll tell you is we are now in a situation where you have thousands of people at the Treasury and the Department of Justice and several other departments around town who have a vested interest in putting Trump and his team in the crosshairs. And this gives them an avenue. Where they think they can see, in the court of popular opinion. There are many there are many illegalities going on where they don't think they can win in the court of popular opinion, but they can win here. Yeah. And so it would not surprise me to see talk about the drip. I think the drip is just gonna keep coming and no, no summer recess is gonna help on this one. Yeah. And that lawsuit gets going and the discovery gets going. Expect more leaks. Leaks, are the norm. Now, you saw before Obamacare decision was rendered in 2012, in July, there was insider trading on the Supreme Court decision. On Obamacare. So a leak in a, network that tight, you don't think there could be a leak at a dis, at a discovery disputes and a lawsuit involving the United States President. You're kidding. Yourself. I am so glad I'm not pa Pam Bondi. What a nightmare. It's a nightmare. It's a, complete nightmare. Let's keep it going with crosshairs because there's more crosshairs to go around. Yep. And Trump isn't even the only president in the crosshairs. He's the only current president, but we've got the ex-president. A key detail about Obama's Russiagate scandal is flying under the radar. This is, I don't this key detail. This is pretty major. The Obama administration withheld a key intelligence briefing that contradicted allegations of Russian election interference from then, president-elect Donald Trump, the office of the Director of National Intelligence, ODNI report, stated that foreign adversaries did not use cyber attacks on election infrastructure to alter the US presidential all election outcome during the 2016 election. So the internal report says foreign adversaries did not use cyber attacks. Interesting. 'cause that directly con, look at this, the findings. Which would've directly contradicted media reports and intelligence leaks alleging Ru Russian interference were ultimately pulled from the presidential daily briefings just days after Trump's victory. Despite, despite being cleared for inclusion in according to files released by ODNI. That's really bad. Yeah. So you're basically re-engineering what is supposed to be the, most impeccable intelligence information available. It's the President's daily briefing and you're basically re-engineering it to create partisan politics. You're flat out, you're flat out lying about the number one conclusion, right? Did they interfere? The report says no. And you come out the president and lie through your teeth to the American public, withhold this report and say, yes, they did interfere. Because you're trying to compromise an election. You're trying to interfere with an election. You are doing what you're accusing, what you're falsifying evidence that the Russians did, you're trying to do. It's you're the Russian you're the meddling Russian guy. It's projective identification. They always accuse you of doing what they're doing. Yeah. Yeah. Exactly. Okay, let's keep it going with crosshairs the Fed and the crosshairs, why the Fed's building renovation cost $2.5 billion.
Allies of President Donald Trump are pressing for an investigation into the ongoing restoration of the Federal Reserve's headquarters costs for which have ballooned up to $2.5 billion. Any evidence of mismanagement or fraud as White House officials have suggested, could prove I'm pretty, sure they didn't say this could prove a use, useful pretext. For removing Fed chair drum Powell, whose resistance to cutting interest rates this year has angered the president. I'm pretty sure they didn't say, Hey, we've got a really useful pretext for removing Powell, but whatever. We get the point. But the price tag has less to do with ostentatious features. Then the challenges of the building, it's underground. And what was once a swamp near the tidal basin along the Potomac River. Yeah. The Fed is close to the Eccles building is close to the Potomac. And the swamp And Washington literally is built on a swamp. Yeah. There's a real metaphor there. But here's what's interesting for, there was about a week there where I was assured by Washington Insiders that they were gonna get Powell on this. That he was gone. Yeah, and they seemed very confident. 'cause the president doesn't have the legal power to fire the Fed Chairman, with the exception if he's guilty of fraud. No. It's a for cause. Yeah, for cause. But, here's the interesting thing there, Tulsi Gabbard is coming out with the files on Russiagate and saying that, Obama falsified files to get rid of Trump while Trump is falsifying files to get rid of Powell. Yeah. It's what? Who's zooming whom? Here, come on. It's like it's Does anybody, have an argument remaining on, real principles? Nothing. No one? Or, does it all have to be allegations of crime and scandal? Everything. This is just the mini night thing. Yeah. But I, have to say, Trump and, Besson have done I have never seen anyone make the Fed look honorable. But they're trying. They're trying.
No Powell is Powell's the only one who's behaving like an adult. Yeah, that's a great point. He the fed you're making the fed look squeaky clean to stop. Yeah. They're not clean, but you're making 'em look like they, at least they're under adult supervision. Yeah, that's true. Yeah And, here's the thing. Trump is dealing with huge rollovers on treasuries, and so I know why he wants interest rates to go down. Sure. But if you look at what he's doing on all his policies, it's driving interest rates to the moon. Yeah. We, and we'll get to that. But this is what I call the Midian, I think. 'cause the Midianites are just, do you know what I mean? They're just all killing each other. And, of course the, drip on Trump. The question is are we looking at a serious effort to switch to get Trump out of there? Is this the, is this an effort to get JD Vance in the White House in the Oval Office? Here's the thing. Trump has got, if you look at what the pro centralization team has gotten, wanted him to get, he's gotten essentially everything they need. He's gotten the stable coin bill through, so he is got the Genius Act through. He is got the big beautiful bill through he's got the social credit system with Palantir off and running. Yeah. He's helped Israel get pretty far along on the extermination of the Palestinian people. Yeah. And now the Senate has, I don't know, seven more days to pass the CLARITY Act. I don't know if they're, gonna make that through, but they've pretty much gotten everything. So I'm not sure they need Trump anymore. Let's see what else they've got. You know what else they got? They also got Americans data. Let's turn to ice. In immigration, we've told you all along that is just a bogus story. Immigration, that's not what this is about. Here you go. ICE just got access to 79 million Americans of Medicaid data. How about it? Punch in the Trump administration has struck an agreement to hand over the personal data of 79 million Medicaid users. Part of the president's effort to crack down. Yeah. 79 million to crack down on undocumented communities across the country. Yes, sure. Demographic and location data. That's what kind of information we got here. Demographic. Demographic and location data names, addresses, and ethnicity. All to ensure that illegal alien aliens are not receiving Medicaid benefits that are meant for law abiding Americans. But what's really going on here is the move to collect information on undocumented individuals through government agencies anticipated by activists and experts is fast becoming, here you go. The largest effort ever to consolidate Americans personal data. And we covered several weeks ago, Palantir just got a huge sole source contract to do ice. Yeah. So when it says that the ice is getting the data, no, Palantir is getting the data. And here's what's remarkable. The Genius Act has not one provision to stop stable coins from being used as programmable money and connected with such a social credit system as Palantir is clearly building funded by taxpayers money. Yep. So you are looking at the building of a control grid, which is far more frightening than CBDC. And the question is, who's gonna control if you have Palantir controlling all the data for the social credit system or, doing the analysis and the management of it.
With data from the government or in the government, and you also have them doing the lavender and wears daddy systems that do manhunts one by one. You're talking about building an integrated system that can do everything from a financial kill to a physical kill in one continuum, all integrated right in Palantir, but it's not as if ICE isn't doing anything. ICE is performing a very important role of driving up food prices as we see from the next story. Bankruptcy filings soar as farmers face inflation and ice rates. How about it in the first quarter? Go in here. In the first quarter, 20 25, 88 farms filed for bankruptcy doubling the number in the same quarter last year. The spike reflects the growing concern among econom economists and farm advocates that family farms are being pushed to the brink. High interest rates are also contributing to farmers' difficulties. A lot of these operation operating loans to farmers. They might have been financed at three, four, 5%. They're now getting financed at seven to 9% interest rates. Then you have an increase in overall input costs, meaning labor. One key element of that and combine that with lower commodity prices. So higher labor costs, lower prices you're getting for your, goods. In 2019, there were 599 chapter 12 filings across the us the highest and at least the past decade, A decade. By 2021, that number had declined to 2000 and to 276. But now we're on track for 3, 360 or 400. Farmers have said that recent increases in immigration enforcement efforts, including workplace raids by ice, make it more difficult to find and retain workers, get this President, Donald Trump has acknowledged that farmers are being hurt and temporarily paused ice enforcement actions at farms. So hotels and restaurants last month, however. His directive was quietly reversed about a week later. So costs will continue to go up. And there's more the tariff debate. The tariff negotiations have really hit, depends on which farming sector you're in or where you are. But a lot of farmers get pesticide and seeds from Canada. They get machinery from China but also big exports. So, they've gotten hurt on exports, they're exporting less, and then their imports have gone up in expense. So the, tariff wars are having a big impact as well. Yep. And they're playing with fire because this is such an important issue. Let's go to a series of graphs, most important problems facing the world. This is from status as of May, 2025. Look at what's number one. It's tied for number one inflation at 33% of people saying that's an important issue, crime and violence. 33, I think of those as basically one problem. Yeah. The people engineering the inflation are also the people allowing the crime. That's, that is, you got that the listless do, you know a crime that's worse than the genocide and Gaza is pretty bad, but the monetary, the way monetary policy has been used for the last 50 years yeah, let me back up. You're correct. People collapsing to death of starvation in the streets as they're walking. That's a, problem. And that's going on in Gaza right now. That's a, big problem. But your point is well taken. And it's not, look, let's look at the, two more status graphs. It's not going away. This problem monthly meat price index worldwide from January 20 to 2025. This is, just, look at this. This starts at 65 years ago. Now it's 110, right? Yeah, one 20. You're right. It's doubled right? In five years. So, you keep hearing that the rate of inflation has dropped. But what it means is prices are still going up and they're going up not as fast this year as they were last year, but because they're going up on last year's base you're getting clobbered. Yeah. So the, rise is steady and if you look at what we're looking at, certainly for food, I think inflation is gonna get worse. I would agree with that. Let's look at it, right? Let's look at right in the bread basket, consumer's weekly grocery expenditure in the US for the last 20 years per household. Okay? This is weekly. So it was 2006, it was $93 a week, now it's 200. Now it's $170. Almost a double. And wages have not kept up. No, So the squeeze is definitely in. The que the squeeze is on. And I think they're right. The rate of price increases has slowed. I see it every day at the grocery store. The grocery store last night buying grapefruit. And they, the bag of grapefruit that I buy is, it was, it's $3 99 cents. It was five grapefruit support. It's ah, okay. 80 cents a throw for grapefruits. I can live with that. Nope. It's a dollar now. 'cause it's only four grapefruits. So if you have land or you're spending money on a lawn and gardening, think about edible landscapes. Think about having a garden. I have one friend whose sister just put up one of those towers on her balcony and she's growing almost all our own vegetables. So don't think in, in terms of growing all your own food, but just start and do a few things. Every little bit counts. Everybody helps. And I think the bigger problem is if you look at Congress just approved the pesticide indemnity at a federal level. With a with a voice vote, so there's no record of who voted. Yeah. Now, what that means is the deterioration in the quality of your food as such. I don't think the biggest problem is the prices are going up. I think the biggest problem is it may not be food. You think it's food, and they're charging you is if it's food, but it may not be food. That is a, that's a fantastic point is that while you're paying the same price, even if you're paying the same price, you're still facing inflation because you're getting less food in that same package. We saw the things of that meat. It's I would say it's not even food. No, it's poison.
Yeah. Anyway, so that's Cross airs in Fed Watch, but let's keep it going in space, military, global turf Wars with a story that normally would be in hey, robot about ai. But this is really a global it's a hybrid problem. AI is, it becomes increasingly clear from stories like this. AI is heading for an any energy crisis that has tech giants scrambling. Lemme just get in a little bit. There we go. The AI industry is scrambling to reduce its massive energy consumption. AI depends entirely on data centers, which could consume 3% of the world's electricity by 2030. According to the International Energy Agency, that's double what they use today. Experts at McKinsey warned that the world is heading towards an electricity shortage. That's not good. Here we get the US versus China. Each new generation of computer chips is more energy efficien than the last. But you can't encourage consumers just to keep using the same equipment longer. They're gonna demand greater or greater equipment. Even if more efficiency in chips and energy consumption is likely to make AI cheaper, it won't resu reduce tunnel total energy consumption in the US energy is now seen as key to keeping the country's competitive edge. China. So we gotta keep up with the Joneses. We, we've gotta keep up with China. Can't let them get ahead. Let me switch the view here so I can see that bottom line here. You go. Down at the bottom, China is also feared to be leagues ahead of the US in available energy sources, including renewables and nuclear. Okay.
Go back there. So there you go. It's like an arm. It's like the arms race with China over ai. But is that, but it's not even a race because we haven't been in the race. No, I know. I know. It's pretextual, right? But the problem let's look at a graph. Let's go to an energy graph. This next story, it's from Veroni. China generated more electricity in 2024 than the e than the us, EU, and India combined. And so you see China running away from the pack here in terms of energy. Productions, 10.1 terawatts kilo terawatts of energy. It's, an unfathomable amount. What's key to this chart though, is the US Look at this. This is, 1995 here. Okay. Energy production in the US has basically been flat for 30 years. I I got a master's degree in electrical engineering in 1991, and I did power electronics, which is adjacent to power distribution and whatnot. And I remember talking to guys back then who's still in the power field? All the guys in the power field and large scale power production, they're old guys. The power grid is slowing down, and that in that graph. We, haven't had any, we haven't budged. In terms of energy production, China's running away with the, crown here. Meanwhile, we're, so we're gonna, this is a limited resource energy production, and we're gonna piss it away on AI and drive up energy prices. Are you kidding me?
I, don't know what the plan is here. I do because I, keep getting told we have all sorts of breakthrough energy that we're gonna let through. I know we're bringing back a whole bunch of nuclear plants, 'cause I know investors in that area. But
if you, in my experience, if you look at the people who run things, they absolutely know what they're doing.
All I can tell you is they wanted China to shoot way ahead.
This is, yeah, this is a managed situation. Would, it would appear so, yeah. Yeah. So let me just read you a couple things. This, one of my favorite Chinese sub stacks, just give you a little statistics. China graduates more than 350,000 mechanical engineers each year. If the US produces fewer than 45,000. As I write this, there is not a single university program in the US focused on rare earth mining and processing while dozens exist in China. Regardless how many millions Pentagon invests in mining companies like MP materials, where will they find the specialized engineers, geologists, chemists, metal metallurgist to develop the relevant mining whatever. China's STEM graduates now at number the US six to one. They don't just produce more STEM students. They're ranked ahead in academic excellence. Let me keep going. On a broader level, the US graduates 132,000 engineering students. China produces 1.4 to 1.5 million a. Wow. And we've known for over a decade. I remember when we wrote a the rise of the Asian consumer. We knew all those statistics in engineering and science then. Yeah. And, I've seen many universities in the US where most of the graduate positions in those fields are reserved for foreign students. Yeah. In the Indian and Chinese. So this has all been carefully planned and managed for decades. Yeah. And the effect is showing up. I read a story this morning from Yahoo News. I'll put a link in the show notes that says energy production, energy costs in Chicago, where they have a lot of these mega data centers. They're, it's added 10 cents per kilowatt hour to people's electric bills. 10 cents a kilowatt. I remember when the, your whole bill was 8 cents a kilowatt. You're gonna add 10 cents to that. So you see where this is headed, and AI is increasingly spinning out, doing crazy things, deleting people's data, giving, making stuff up. But here's the thing. The, big, the killer app here is not ai. The killer app here is cryptocurrency, is money, it's digital, an all digital transaction and control system. So if you look at the digital concentration camp, that is what requires massive amounts of data centers and, the related electricity and water. That's what it is. It's a control grid. You're saying, so you could kill AI and you'd still have energy consumption problems due solely to crypto.
So, the whole, to me, the whole point of AI is to make it possible to track and manage people one person at a time. It's the control grid that's the killer app on ai. And it's, its I don't, think that's, its all purpose. No. I don't mean to say it's its sole purpose, but I think that the thing that eats up the capacity is not just ai it's the data you need to run digital money and social credit on blockchains. Yep. It's, there's a lot of, whatever the energy's been used on in connection with AI and crypto it's not for your benefit. Think you could agree on that? Remember 23 crypto was using Bitcoin worldwide was using 123% of the total energy use usage of the Netherlands. It was using more energy than the Switzerland. Yeah.
Yeah. You mentioned alternative sources of energy perhaps coming, let's go to the next story. In space military global Turf Wars from the financial times. A new Cold War with China won't help the us. This is an opinion piece, so take it for what it's worth. Washington's willing concession of global leadership in clean energy to Beijing ratified by Trump's big, beautiful bill, which guts the US federal efforts, to promote renewables. Whatever you think about renewables, you saw that graph of flat energy. I don't think beggars can be choosers. It's certainly something you should be looking at, right? Let's go back to the story. Tariffs and threats undercut one of America's key historical advantages, predictable relationships that upended and a fit a political peak. This is interesting, this survey comparing China and the us. 70% of countries now conduct more trade, which is in most cases twice as much with China than America of a hundred countries surveyed by the Democracy perception Index in April. More than three quarters, judge China more favorably than the US and Trump fared. He didn't fare too well against Xi Jinping and Vladimir Putin. Sadly last year, the US quadruple tariffs on Chinese electric vehicles to 100% in effect banning them. Yet, if America car makers failed to produce affordable EVs compared to China's, at what point should the cost of consumers and climate take precedence? And then final point here, only one third of Americans see China as the enemy and the public ranks avoiding armed conflict as a paramount task. Despite the turn against China over the last decade, the country has never been gripped by Cold War. Cold War style fervor. Political elites should stop trying to will it into existence. And that's exactly what they're doing. It's like we need to have wars against Iran. And then we're gonna turn, we're gonna pivot to Russia, then to China. These guys are serious about taking out China and Russia are becoming the world heon. They're not gonna stop. And the public's we don't wanna do that. They're very serious about, preserving cima vis-a-vis China. But what's interesting is if you look at the group that's the most rabid pushing the anti-China spin. Yeah. It's the Israeli networks. Yes. You got it. It's Israel. And on that note, let's turn right to Amer's Israel. Watch in the US this is the concerns the story in the EU Bake sales for Gaza could stoke Jew hatred EU warrants. This is fascinating. You have a genocide going on. What's, up with the bake sale? Eus antisemitism czar. This is, her right here. She's the antisemitism czar. And Europe warned that European ambassador warned European ambassadors that holding bake sales for Gaza and Brussels could stoke Jew hatred. So you'd hold bakes tales 'cause people are par starving to death. But you can't do that 'cause it might offend people. She, told gathered EU envoys in Tel Aviv, there were new forms of antisemitism, which she described as ambient antisemitism. Interesting. I didn't know what that meant. I had to go look it up. Yeah, here you go. It says right here what's, what is the ambient antisemitism? That means creating an atmosphere in which Jews feel uncomfortable, even in European institutions. The German Barron has said bake sales for Gaza. Held in Maye and Brussels by European Commission staff, which raised money for the Red Cross stoke ambient antisemitism. Ridiculous. So why not have the bake sales? She says, the United States, nine United Nations in the media were ignoring news about Israel providing food in Gaza. There's no starvation in Gaza. Israel's providing food in Gaza. And she said anybody says different. That's a conspiracy theory. I guess she'd have to include Netanyahu in that conspiracy theory because he comes out and he says no
The, food aid is being provided, okay. From foreign con, from Red Cross or whatnot, but they don't, doesn't get there because Hamas steals the food. So even Netanyahu's yeah, there's starvation, but he's blaming it on Hamas. This Nutball Barr us from, the EU with ambient antisemitism says no, There's no starvation at all. It's all the food's getting there. There's no problem. The bake sale's offensive. So each week. We're, trying to it's like trying to hold back the flood. And so each week there's competition to see who can be more ridiculous in what they claim. Yeah. And, I think that's one of the reasons it makes it so difficult to function in this environment is the the intensity of the ridiculousness gets worse and worse
And so you're watching people you're watching somebody basically make a fool of themselves.
Yeah. And it seems to have no end. No there's no limit to it. It's like a contest. It's like a contest. And, a US is funding all of this. We're funding the genocide. Let's see what else we're funding with. Is the IDF in Israel? What else? They, we know they're destroying human lies. In a, Holocaust. Okay. Let's be blunt. It's genocide. It's the holocaust going on in Gaza. They're exterminating Palestinians. Your term, what else are they destroying? Let's go to Marjorie Taylor Green and hear from her. Israel bombed a Catholic church in Gaza. Oh, and that entire population is being wiped out as they continue their aggressive war in Gaza. My amendment would strike 500 million in funding for nuclear armed Israel's missile defense system. The US already provides Israel with 3.8 billion annually in foreign eight, 3.8 billion. That's a lot of money. Additionally. The April, 2024 security supplemental included 8.7 billion for Israel. Even though Israel nuclear armed Israel has universal healthcare for their citizens and subsidized college for their citizens, they're able to provide that. However, here in America, we're $37 trillion in debt. My amendment will ensure an America First Department of Defense, and that is exactly what we need and we haven't had for a very long time.
Yeah, it's not maga, it's mega. It's Make Israel Great again. So for $8.7 billion, you get to be the leading sponsor of a genocide and as a kicker, you get to destroy a Catholic church over there. Isn't that great? Wow.
Just And they even attack their own allies. Let's you teed it right up. Let's get to it. And here we go. 77-year-old country, Israel is bombing a 5,000 year old city. That's, this is Israel, 5,000 year old city. That's Damascus. So this is just barbaric. Israel has bombed Syria, a government that has declared its support for Israel, a government that has not once attacked Israel. None of that matters, because Israel has the right to bomb whoever it wants, even its allies. Israel bombed a square in Damascus where the National Library and the Opera House were housed. It was an outrageous act of terrorism. Zionists are trying to build a greater Israel, and Syria is in the way to the Greater Israel project, just like Gaza is in the way. It does not matter how much you suck up to Zionists, they will bomb you anyway, because that is what Zionists do. And he asked, Damas is one of the oldest cities in the world, but Israel would happily turn it into another Gaza. Are you not sick of these bastards yet? That's a completely rhetorical question. Yes. So here's my question to you. If the drip, succeeds at getting rid of Trump and you install Vance, is this real, more powerful than ever? Yes. Yeah. I, think so. Because Trump, is his own brand, right? There's a lot of wild card left in Donald Trump. I'm sorry. I don't like a lot of what he does, but he's got his own mind and he does his own thing, and he's got a wild hair in him here and there. And I think that's a good thing. I like unpredictable Donald Trump. I do. Vance to me is this guy was bought and made, he was crafted by Peter Thiel. Just a, just an evil. It looks to me like a Coke snorting. Maniac. But remember we have the CEO of Palantir saying they wanna be the operating system in the government. Al Clark. Yes. And in fact, yes. No, that was the, so he's the number one. So it's the Chief operating officer who said, I wanna be the operating system. But, if you look at the sole source contracts or the contracts they have and what data they've been given or, they have access to essentially you're seeing the privatization of the US government into systems. And the question is in advance presidency, who's really gonna control those systems? 'cause it, it doesn't look to me like they're gonna be controlled from the Oval Office. Who's, more likely to push back against his handlers? Donald Trump or JD Vance? That's the question. And I think it the answer's obvious to me. It's Trump. Vance. Like I say, he's the guy's, he is a welp, he's not gonna push back. He didn't know anything. But here's what's interesting. We are watching in Congress with, 20 congressmen who are claiming they had the vote to get the Epstein files released. We are watching a, revolt against the Israeli lobby. That's what that is. Yeah. And that's where it's gotta come from. And something, one of the things I tweeted out is I said, I tweeted out a picture of Mike Johnson after he called the recess. And I said, if you live in Louisiana and you belong to a church, I want you to ask your pastor and your congregation why you were sending people to Washington who are protecting pedophiles and people who engage in genocide. Why are you doing that? Yeah. That's the que that's, where the revolt has to come from
why, are you sending to people to Washington? To, not represent you to, represent the interests of someone who wants to do you harm? Okay, so I'm gonna say this another way. Remember when I said the stablecoin with the Genius Act has no protections against converting all of that to programmable money? So with the Palantir social credit system totally integrated. Okay? Now we're talking about giving the power to the people who protected Epstein to run a system where they can turn off your money if you don't let them have your kids, right? Okay. That's, what we're talking about. So, the people around the Epstein operation are now gonna control your money and they can turn your money on and off. Is that really what you want? And the people who have, who can do the one-on-one manhunt in Iraq and around the world will also have not only a kill switch on a manhunt, but they'll have a financial kill switch. And that could be integrated into one integrated system. Yes, it can. Yes.
That's, not, a reach at all. Just that's a mass control system. Yeah. It's one system.
Let's go to the war in Ukraine where basically Ukraine's outta soldiers, but the war is never ending. So what are we gonna do about running outta soldiers? No, here you go. Starmer prime Minister of UK highlights command structure to rapidly execute Ukraine's support plans. The coalition of the willing is working on plans to send deterrence forces. Ah, to Ukraine. Okay. According to Starmer a few months ago, military planners from coalition countries developed assistant plans for Ukraine in four key areas, airspace, sea land, and strengthening combat capability of armed forces. In Ukraine. Of Ukraine. He says, we had a meeting of the coalition or the willing last week to sign off on those plans. They are advanced plans now. They are capable of being operationalized. What does that mean? French President Emmanuel Macron announced that the countries of the coalition of the willing had increased the peacekeeping forces designed, designated for Ukraine. According to him, those forces now number up to 50,000 troops. They could be deployed to Ukraine. They will be fed into the beat grinder, just like whatever it was probably. But they'll only be provided after the ceasefire. Sure.
The US troops are not gonna go there. The US is not gonna get sucked into that one. So they're gonna, the US is gonna fight the war. They fought it to the last Ukrainian, now they're gonna fight it to the last European. That's what that means, right? But the US troops, we're saving up our guys, our me grinder, guys are gonna go for China. That's what we're after. No doubt about that, right? I agree. Yeah, I think that's clear. Let's turn to the Clarity Act and hey robot. This next piece is interesting. This is from Consumer Reports. You can see up here. Hey, in the upper left, the author here is Chuck Bell. I don't know him. But this interesting article, house approves Clarity Act without needed protections for consumers and investors. So there consumer reports is coming at this from, this isn't protecting consumers at all. A bill passed by the house today creates a regulatory framework for cryptocurrencies without the safeguards needed to protect consumers and investors. And ensure the safety and stability of the financial system according to Consumer Reports. Chuck Bell, the advocacy program director at Consumer Reports, says we need much stronger oversight of the crypto industry. The CLARITY Act is designed to move oversight of most digital assets from the SEC to the Commodities Future Trading Commission, which lacks a consumer protection mandate. So that's out the window. Consumer protection, that's out gone. This is the most interesting part though. Stop me when this sounds familiar. The ACT provides for a broad federal preemption of state consumer protections. So the act it present, it preempts state laws from regulating the offer or sale of digital assets for federal federally registered firms, except for general anti-fraud statutes, which are watery. The act strips away state level protections that often go beyond fraud, such as privacy. Contract rights and remedies for unfair trade or deceptive practices. This leaves consumers more vulnerable. That's what the clarity ACT's about. So it passed the house, it's back in the Senate, and the Senate sponsors have released a discussion draft. Yeah. And the Senate the last day of the session is the 31st. So they've got seven days to move on this, which I'm assuming is not enough. So it looks like this is gonna be a, debate in September. I don't know. I don't, with the Epstein file, bruhaha, I don't see the administration has the wherewithal to push this through. Yeah. But we'll see. Do they needed to push it through. That's the next question because stable coins are taking off their stable coins. Let's look at this next story from the Financial Times Central Banks face. Dilemma of a rise of, dollar back. Stable coins. This is, interesting. Take on this. Global Central Bank takes a dilemma over whether to embrace stable coins or promote alternatives to the new technology. As the US' aggressive backing of privately issued tokens thrust the fast growing sector into the financial ma mainstream. So stable coins are a US thing. The bank for international settlements warned that the unchecked rise of stable coins could threaten the public's trust and money imperil, monetary sovereignty, and potentially pose risk to financial stability. Some countries are instead trying to develop their own central bank digital currencies, which would give the public access to save central bank money in digital form and could extend the tide of dollarization. That's what they're worried about. We're in the bizarre, in this bizarre world right now where dollar backed stable coins are dominant. Left unchecked. This is a road towards rampant Dollarization, said Christian Catalina, founder of the Crypto Economics lab at MIT.
Stable coins are becoming, they're really a US thing. US is getting its way right, which is the market forces behind stablecoin. And if you read the Genius Act, it's specifically designed so that the US can ram rod globally. And, anybody who wants to play in that market globally has to play under the US control and by the US rules.
And the, this article brings up a good point. How are those countries, if they let stable coins in, how are they gonna collect taxes if everybody goes to stable coins? Yeah. They're this is a sovereignty issue and it's not just a sovereignty issue for foreign countries. It's a sovereignty issue. For every state and every citizen in the US because again, there is no protections in any of this, not in the Clarity Act and the Genius Act to stop programmable money. And, yet it is not clear who will control and operate those programs and who will issue the money, who's really behind you make a decision to issue money. The issue the issuers are gonna be the depository institutions and they will team up with retail companies and all sorts of others. And the credit card companies are gonna be major players in here. Yeah. But you're talking about creating a parallel train track to, traditional banking. But, in the US it's gonna be the big Fed member banks. Yeah. Who will con, will absolutely dominate. And the, law is set up to do that. Yeah. Now it doesn't say so in the law that I can tell, but the Fed has been very clear. They do not want issuers able to offer interest rates to the customer, which means. Particularly at these high interest rates, the issuers are gonna make a lot of money.
They, sure will. Let's come back to this, the story. It's gonna be a massive Yeah, it's a massive federal credit arbitrage the way it's set up right now. Yeah. Let's look, let's cut back to that story and look at one finish off. One last point. The chair of UK Payment System, Ruth Wand Offerer, said Stable coins still had to prove they could be used at a large scale. A global corporate treasurer, she says, can't use stable coins to make large value transactions across borders. She said at a conference last month, citing foreign exchange costs. Huh. That doesn't seem like a real impediment. You could just No, because if you're, operating with stable coins, both sides of the transactions are dollars.
I don't understand. I don't get that. I don't understand it. I think it's just they're throwing up anything to stop the stable coins. The only thing that can stop stable coins is if you can keep a mobile payment system out of your country, and it's gonna have to be a hardware and software solution. Yeah. This comes down to engineering. Can you keep can Russia and China and the brick nations keep those systems out from operating in their country? I, think the answer is yes, I can. Yeah, I think they can too. Yeah. So, this, so think of it as a tender, not for 8 billion citizens, but for 6.5 billion. Because I think India will probably let them in.
Would have to agree with that right now, right? Yeah. So here's the thing. They have the Genius Act. That's the big thing. They need to to their next step to support the dollar. And here's the thing, given what's going on in the Ukraine and Middle East, we just saw an interview, Alex Jones just pointed out that stable coins, I'm describing them as the new Iraqi pallets of cash. He described them as the New War bonds. And something that is a fair description. Yeah. Because if you're gonna, if you're gonna do the things that you know, the coalition, the willing is saying they're gonna do in the Ukraine, then you need a way with this many rollovers and treasuries to flood the world with you need to get everybody in the world buying treasury bills and here's how you do it. And so these could, stable coins could end up being the New War bonds. True. Could be. Yeah. Let's go to a graph and look at a graph of visa and MasterCard at s and p over the last five years and PayPal. Look at this. What do you make of this? So I, what I believed was at the, equivalent of Jackson Hole in 2021, a decision was made as to who was going to play in the control grid. And I've always believed MasterCard had a major, role as this visa. The credit cards are definitely gonna be players in, the, in all these worlds, including, I think, stable coins. And as you can see, MasterCard and Visa are tracking with the s and p, whereas PayPal has really gone into the doghouse ever since. Yeah. Boy, PayPal that, that's just astonishing how big a hit they've taken. But this, the tightness of that, those gains is what's, what blows me away. It's like a single graph. Yep. Yep. So you're, I think your read on that was exactly right. Yeah. And MasterCard has, if you, said Jack, you said Jackson Hole in 2021. I think you meant 2019. No, I meant 2021. What happened in 2021? There were various discussions going on about how this system would roll rollout, and suddenly after that I'm guessing you had the Bohemian Grove, you had Jackson Hall, and then all of a sudden PayPal is crashing and the credit cards are going up. So I assumed there was some kind of decision or discussion, but I don't know that, I'm just watching the patterns. Okay, let's, so let's go look at that graph. And PayPal's crash. PayPal's crash looks like it began, eh, let's just pick that as a time. That would be July of 2021. Yeah. So that's the grove. And then there you go. And then you go to Jackson Hole in August and Yeah, it's lights out for PayPal. That is really interesting because before from Jackson Hole. To 2021. PayPal's actually outpacing the pack there.
So it was 2020 something happened in 2021. You're right payPal, I know maybe they made a deal who's the, PayPal Mafia. You always hear that term. But yeah. But at that point, PayPal had spun off from I'm trying to remember where it was. I didn't, track it but, clearly the credit card companies were, and if you look one of the things you always see is if you look at their speed of transaction vis-a-vis Bitcoin or any of the crypto, it's phenomenally higher. Yeah. It's way higher. Yeah. Yeah. PayPal I still get emails from PayPal your statement is ready. I used PayPal once, I don't know, eight years ago. I can't even remember what it's for. PayPal they went through this period where they censored everybody and they did it to us. They informed us that if our sales. Were more than 50% of our prior year, first quarter sales, that they would throw us off. And so literally we had to persuade subscribers to move to cash or check and coin and get off of PayPal or else we were gonna get thrown off. What a pain. Yeah. A huge bane. Wow. Yeah. Yeah. So when you speak out against digital control and monetary control in the digitization of money you are coming from a place of experience firsthand. So my experience was was when the Department of Justice tried to strip us of copies of all of our digital and analog records and then falsify evidence. And that's when I learned I really learned a lot about archiving and why you want to be able to document. Any, anything you have to prove in a court of law, you wanna be able to document and you wanna make sure that nobody can get control of your records in a way that they can falsify them. Wow. So I went through that was, years of fighting and subpoena warfare. So I, learned a lot about control, how control relates to your digital records. Yeah. And that's why I, know how they tried to get control of all the legal whether it's your credit, whether it's your bank accounts, your ability to transact, your ability your brand. It goes on and on There's so many different things that can be weaponized. But the one thing you cannot afford to do is wake up and find yourself unable to transact. 'cause they control that. I'm guessing based on what you're talking about right now, that you may not be the biggest fan of cloud computing. No.
Okay. Let's go to Farmagedden. We've got one story this week. It is dynamite and it's an older story too. This is a substack, I think, and it's from February of 2024. It's just called Gallery of Graphs. And all the graphs in this look, these three
decline. So let's just get into it. What are we talking about here? For easy reference, I've gathered together and presented on this page all the graphs that I created for this essay series called Vaccine Evangelists, apostates and Apologists. So this is all about vaccines. Most of these graphs, almost all of them are mortality graphs. Okay? So what I wanna do is I'm gonna cut from the SUBSTACK two, some of these graphs and I'm gonna show you too. This is Wik cough deaths. In Belgium, 1851 to 2018, and you will notice down here that you see this date lemme circle that again. 1959. Okay, so this is mortality. He said This is deaths from whooping cough, which peaked out at about 42. 42 50 back in the 18 hundreds. And then you see this massive drop off, and then we come to 1959 right here. Okay? That is when the whooping cough vaccine was introduced in Belgium. Okay? But I want you to notice something about this. It's very important and not really obvious. When the vaccine is introduced, you still have some deaths. There aren't many deaths left, but there are some that are going on when the vaccine is introduced. It's just small. The deaths are small compared to when they are back at the heyday. In other words, when this vaccine was introduced in 1959, it's then touted as reducing the vaccine deaths back then. But they've gotta ignore all this back history. So the vaccine makers comes in, 1959, says, okay, we introduced the vaccine and look at this. Ta-da we, reduced the deaths. That's, the game here. And then I wanna show one more graph. It's basically the same graph, but it's, this is measles mortality. New York City, 1868 to 1978. It's basically the same graphs. You have a massive amount of mortality comparatively, back in the day in the 18 hundreds, you have 50 deaths of mortality per 100,000. In 1880s, the vaccine is introduced, not when the death, not when deaths are zero, but when they're near zero. And then they say later, oh look we cut the, we cut all the deaths of zero. This guy's got a whole series, entire gallery of graphs. To follow that exact pattern. So we did. It's the whole vaccine thing. It's all a fraud. I think we it's a fraud. It's a total, the whole thing's a total fraud. It's a fraud. The Dr. Suzanne Humphreys was just on the Aria report on mRNA vaccines and her book Dissolving Illusions was the book that really highlighted these graphs and showed you that the history of vaccines is they're introduced after the problem with the disease is over. Yeah. There's also a wonderful book by Forrest Moretti on the polio vaccine that shows you polio was really the symptoms and neurological damage that came from DT from a pesticide, and they decided to cancel. So, just stop there. So polio, if I under understood you correctly, just now is merely a collection of symptoms, right? It's kinda I don't know, COVID, a collection of cold and flu garden variety symptoms. The, DT poisoning was se it would really paralyze people. It was serious anyway, but they wanted yeah. But it's a collection of symptoms from other problems. It's here's the thing's. Poison. It's, its own thing. It's poisoning and toxicity. It's not a disease. There's a difference between a poisoning and a disease. Okay. And this keeps being poisoning versus disease poisoning. Okay. So DD they wanted to stop using DT because it was harmful. The problem is if they just stopped, then everybody would realize they'd been poisoned. The companies would get sued and the insurance companies would be out Billions of dollars. Yeah. So they created a disease called polio, and they had slk invent the vaccination. And then as soon as everybody's vaccinated, they stop using DT at stop using the pesticide. And they announced that it it's all, thanks. The vaccine. The vaccine. And they give Salk a big prize. And all it did. So, let me, if I'm tracking what you just told me correctly, it's not just that they're selling a vaccine and they're touting the success, of a vaccine, it's also a program to divert and stop lawsuits from the willful poisoners.
Wow. It's every time I think I can't be more cynical. I talk to you and I prove incorrect. It's one of the greatest insurance. It's insurance for the insurance companies, right? Wow. Yeah. You gotta read it. It's Forest Moretti's books are amazing. It's got a new one out on milk, which I'm dying to read. But anyways, it's called the Moth in the Iron Lung. And it's the story of how they engineered this. And it's quite and I think it's hard for many people to understand how centralized some of these things are engineered and figured out and thought out and engineered. And, but they are, they've always been that way. So yeah. Wow. But this guy doing all these graphs is fabulous because what is the whole thing is a fraud. Yeah. And then the question becomes why, what is all of this vaccination thing about? But people have been screaming and fighting this for hundreds more than 150 years. Yeah. This is, a long fight. I, love that, that these vaccines come out every time in these graphs. Just as, the disease is about to peter out. Just as deaths are about to peter out and go to zero, they've really released us like, look how much you need more deaths. We cut the death. We're not getting enough deaths. We eliminated deaths. So here's the hardest thing for me. I'm spending a lot of time listening to people in the administration or economists who working with the administration. Talk about how we can grow our way out of the debt problem with the changes that they've made in AI and the control grid and no, that's absolutely false. I can just stop there. I'm not, proposing that it's true. I'm just saying that they're, they keep talking. Now what I will tell you, John, is that if you take a certain segment of the society and you give them freedom to plunder as much as they want, they can get a high, the plunderers can get a high growth rate. Yeah. You just have to get rid of the others. So the guys who get control of Gaza will make a lot of money on Yeah. Stealing that land. Okay. You're gonna get an extra 10 cents a kilowatt hour in your electric bill. That's what's in store for you. If you're lucky. Yeah. If you're lucky. But, for starters so, I've been trying to understand, remember, I'm just trying to understand. Their presentation that they're gonna get a three or 4% growth rate and it's all gonna grow out of no where we are. I know. It's a no, but I'm just trying to understand their logic. Okay. I'm trying to understand what it is. The, it's not a logic, it's a sales pitch. I know it's a sales pitch. Yeah. But, I'm just trying to understand the sales pitch. Yeah. And, here's what you need to understand about the sales pitch. They, at the same time they're giving the sales pitch, we are watching 25,000 children a day being given vaccinations that are poisoning them mRNA shots. Yeah. We just saw the FDA approve a new one for children who are sick.
And then you're also giving the heavy schedule, which is killing. So at the same time China has plenty of engineers, and we could use some more. You're killing, you're poisoning, you're intentionally poisoning the children and you're telling me we're gonna grow at 4%. And, I don't and, we're gonna have armies, but you're poisoning the soldiers. And what I don't, I'm still don't get the
I, know it's a sales pitch but, the insanity and the cognitive dissonance compared to the poisoning of the children and this this beautiful story. So part let me explain part of the story. Part of the story is we're doing everything we can to destroy existing small business and farms. But you have the guys who are excited about stable coins in the asset tokenization, in the Clarity Act coming out and saying, there are no more jobs. Everybody's gonna be an entrepreneur. You need to start a new business with all this wonderful cryptocurrency. Okay, so imagine there are two spaces. There's the independent income space, and then there's the, we use stable coins in crypto blockchain space. And what we're saying is we love small business. If it's in the digital concentration camp. Yeah. So you're we're, gonna, you're, there's gonna be plenty of money for you to start wonderful businesses in the digital concentration camp, but we're gonna shut down all the businesses over here and help move their market share into the big companies whose profit is being hurt by tariffs. What you just, described is pretty much YouTube. The vast majority of big channels on YouTube are just federally controlled. They're just agents. There's, they're frauds, right? They're working for the, they're working for the machine. That's what you've just described. So you can be small, but you're little tiny YouTube channel with. A hundred thousand or a million subscribers, whatever you're working for us, you're gonna read our script. That's what they do. But also over here you're gonna be under complete surveillance and we'll be able to harvest your equity daily. Over here we don't want independent income and, so we're gonna do everything. If you're a small farm to put you out of business and, if you're a small business, we're gonna regulate you or tax you or inflate you to death. Yeah. Anyway, so that's why the war to protect independent income, particularly at the state level, is so important. Yeah. And that is why you see at the state level, the preemption and things like the Clarity Act, the federal preemption, where it's like states, you can't even step in and try to regulate this area. This is ours. You stay out, we're going to, you we're, gonna have a plunder and we're gonna have a plunder that is unimpeded by any interference at the state of local level. But notice, notice the fashion, it's. It's young, it's hip, it's groovy. Oh yeah. This is cool. Yeah, this is cool. Yeah. It's cool to start a business in the digital concentration camp. It is, yeah, it is. Be hip. Be like these other cool characters over here. Okay, let's go to pushback. This is, undoubtedly my favorite story of the week. It's not even a story, it's just what's available if you don't this is like how do you get away from your smartphone? How do you get, how do you get away from smartphones? You get a dumb, you get a dumb phone, right? A dumb phone, a dumb wireless phone. So here is this'll. The link will be in the description. Uhhuh phones. Okay, so look at these guys. So here's just your standard bread and butter flip phone. Then you got some other, like early mar. This is just right before the smartphone started. The one that really caught my eye was this guy right here, because I had a phone like this. Is it a Blackberry? What is it? I don't it's an a GMM nine if it's $49. I like that. Almost as much as I like the Barbie phone. But this one, I like this 'cause it, it looks like that thing I don't know if that folds up or it flips out. I had one that sort of pulled out like a cash register drawer, Uhhuh. And it came and when it, when you flipped it out and pulled it out from the phone, it was a keyboard. And you and I could type text messages and that, that was lost. And eventually I was told the keyboards went the way, the dinosaur and Right. Anyway, so that's a whole page there of phones. I'm gonna be looking at this now. Some of 'em, let me show you. Go back here. Some of these phones, like this sleek phone here, they're not all really cheap. This one's $444. Yeah. But yeah. What's the price of. Being off the digital control grid. I don't know. Here's another one. It's four $39. So they're not necessarily cheap. But they're not smartphone, they're not tracking your heartbeat and your movements and your haptics and seriously. Everything. They're tracking all that stuff, right? Your stress level. They're watching you very closely. Yeah. Yeah. And listen, listening and they're getting, better. They're getting better at figuring out what you think too. When we come to er in the news, we're gonna show you one of the things we're trying to do about that. Oh, okay. Let's go to charts then, so we can hasten our arrival at er in the news, because we do, there is solarity news that ties right in with the dumb phones. Uhhuh. Let's go to charts, starting with a dollar index. More bad news. 1, 1, 1 reason Trump may have backed off of targeting or, softened his targeting of Powell is that Trump had said, I want a strong dollar, but the dollar is headed into the basement. So we're down at 97, we've broken the a hundred line clearly, and yeah. And if you, this is year to date. And so ever since the inauguration, the dollars headed steadily down. And I will say this, there's something even more important going on. You see a really deep, long-term shift by investors considering to move away from the US just because of the instability of the governance. So the US has been, we've been below a hundred now for basically two months solid. Wow. And, what's ex extraordinary is we, are falling despite the fact that interest rates are high. So if they they can, get a very attractive yield in in a treasury security or a us bank deposit. Yeah. And yet
the movement is the other way. Yes. That, that, that graph is very clear. But let's look at a series. Let's look at a bunch of assets, financial assets. Their market cap here. Look at this. So I keep because of when the Genius Act passed, there was so much promotion of cryptocurrency, and cryptocurrency is going to the moon, and we've covered this before. The entire crypto market is $4 trillion of which two and a half is Bitcoin. And then the other one and a half is, everything including the existing stable coins. Now the stablecoin is expected to grow tremendously and we'll see a real bifurcation between the sort of asset cryptos and the stablecoin cryptos. But I just wanna put all that propaganda in perspective. So I wanted to take a look at some of the other markets. So this, the stock market is about 150 trillion plus globally, depending on whose estimate you believe. And the bond market is about 220 trillion. Financial assets in all institutions globally is almost 500 trillion. But if you just wanna look at what else is the size of $4 trillion here we see the gold market is 23 trillion. Yeah, that's astonishing. And NVIDIA's stock, so Nvidia Chipmaker for artificial intelligence, their stock market capitalization, Nvidia loan is 4 trillion. Same as the total crypto market, but gold. But gold is almost six times as high. It's five plus times as high as number two. Wow. Right Now remember, these are just select financial assets and it's basically, it's 10 times as high as Bitcoin. Almost right close to it. And it's it's much broader based and it's a liquid market. The Bitcoin market is not a liquid market. And, but remember so we're looking at all financial assets worldwide at about 5 trillion
and 10%
of, 500 trillion it's not even 1%. So cryptocurrency is still a tiny market. Now, stablecoin should, obviously what, do you make of this? What do you make of Nvidia being ahead of Apple? Microsoft Google. I think that's very much, we're in an AI bubble and I don't think that AI bubble's gonna last. AI is what that is exactly right. It's an AI bubble, so when you see this, you should think 10 cents a kilowatt hour added to your electric bill, Right. If you look at the environmental damage and the
the, cost of the general economy of that whole move. Data centers and the AI and the control grid, it's a killer. Yeah. I absolutely believe one of the reasons they want the, they want Gaza is they want that land, they want that water, and they want that oil and gas for control grid.
Yeah, I think that's right. I think a secondary thing to think about here with Nvidia flying to the moon like this is that's a big component of the stock market. What happens when people say, Hey AI is maybe not all it's cracked up to, it's giving us wrong answers. It's deleting our data, it's taking up all this energy. Maybe it's not worth that much. You're looking so stock market could take a hit. You have in the 4 0 1 Ks and IRAs, you have an overbalancing into what's called the top seven. And it's backed off a little bit six months, eight months ago it was much worse. But there is a, serious over concentration in the companies that are building the control grid R
so anyway, so the, stock market, may I, see that and I'm like, okay when is correction time? So here's the thing. I think mish somebody like Mish or Carl think that is the market being fooled into thinking AI is gonna be more valuable than it is. And I disagree with that interpretation. I think it's the market knowing that the feds are gonna continue to pour money into these guys to build a control grid. In other words, their point of view would be market prices legitimate. Your point of view is, these, it's they're right. They're thinking it's a legitimate investment. It was never intended to make the private markets more efficient. It was intended to build a control machinery. Yeah, that, that's a good point. Is this is a manipulated market, right? That's a reflection of the manipulators at work. Here's the funny thing about this, and I saw another example of this the other day. When Buffet just pulled his money out of, I forget who it was somebody on the other side, but I was trained. You never finance your enemy. I even if you can get a double, a triple a quadruple, you never finance your enemy. Yeah. So I wouldn't touch any of these guys. Yeah.
Okay. Let's go to Solari in the news and follow up on the dumb phone story with. Faraday bags. So we I've been using Faraday Defense products for many years and finally Ricardo persuaded us let's put Solari Report on a Faraday Defense 'cause we all use 'em for our phones and in fact we're gonna send copies for the team. And so we got 50 and put it up at the store and it sold out in three hours. So we, ordered a hundred more and we put 'em up yesterday and, we were holding back 30 to send to the team. 'cause we wanted everybody in the team to have one. And many, of us have I have one of their, I have one of these, but without it saying the Solari Report. So last night after three hours, Ricardo called and he said, we're gonna sell out. And I said, release the 30, we'll make another order and we'll get the 30 from the next order. They were gone in another hour. So now we're out of stock again. I was gonna announce today that we were back in stock, but now we're out of stock again. Those, so to be clear, 30 Faraday bags went in an hour. No. Approximately. Yeah. Wow. Yeah, so they were gone in four to five hours, all a hundred. So we've ordered 250 now, and our team will have to wait for their 30. From the 250. It should take about a week anyway. But we'll have 'em back up in a week. But they're flying out. Now here's the thing, I I'm constantly at lunch with somebody and they're, we have to give them a Faraday bag, so they'll turn off their phone and put it in the Faraday bag. 'cause we wanna speak freely. Yeah. So I carry this with me everywhere. It's very convenient. 'cause you can bring your phone along, but you can, take precautions anyway. So in other words, what you're saying, turning your phone off isn't enough. It's not enough. It's not enough. Yeah. Anyway, so in the, days of phones with removal, batteries are behind us, I believe. Although I, don't know what the dump phone store has, so I don't know. They may have, yeah, I'm gonna be looking at that. Yeah. I'll still put it in a Faraday bag. Yeah. Yeah. Okay. Anyway alright, let's keep it going in solar in-house with looks like a term, so what I'm mind. Yeah. So we keep updating the, all the different things the current administration is doing to build the digital control grid. And it's mind boggling. It's pretty, they're going very quickly and there are many different aspects to this, but you can see it all here. So just to remind you, this is here and if you have recommendations of additional things we should put it in, please post in the comments. We just find it's very helpful to, to really track the actual control grid coming together. Yeah, boy. That's a valuable list. Okay, up next in the batting order is the wrapup on Stable coins. Yeah.
The, theme for this this quarter, for the second quarter Wrapup is the wonderful interview and piece by Mark Owin on Stable Coins, giving you the back background of everything that now we're saying to you about the Genius Act Pass. We, we mark wrote that right before the Genius Act passed, but he understood exactly what was happening and nothing has changed. So it's very, timely. But this the interview we're putting up is our interview with Joseph on the top stories of the quarter, and this is part two. We put up part one last week, and this is part two and it's a fascinating discussion. Very good. Yeah. Yeah, I didn't see Mark's name there. There's a quote there from The Wire, but that's Mark Goodwin. Huh? That's the inter, this is the interview with Joseph, but in the, in our news trends and stories we put together these long video lists of just shorties that we use for. And so it's a way of capturing the entire second quarter. For part one, we had, I don't know, about 10 or 15 videos in part two, about 10. So with 25 really short clips, you really you see a lot of what happens in the quarter. So the video lists are fun to go through. Very good. And there's, and those are short videos, right? Very short. Yeah. It's like that. Very short, yeah. Very punchy. Okay. Yeah. And right now you are obviously in the Netherlands, Right. But I gather from our next in-house solar that is soon going to change. Yes. So, I'm gonna be, everybody's been screaming at me. Come to California, So I'm gonna be in California and flying to San Francisco on the 26th. And we've got events. On the 28th and 29th in Tiburon. And because California is very high cost, we have to pay the venue and et cetera. So we're normally the host collect the money, but we're doing it. And we haven't sold a lot of tickets, so all you guys have been screaming at me to come to California, come buy tickets. 'cause I'd really love to see you. And we'll be in, we'll be in California for two meet and greets in the end of August. Tiburon. Where's Tiburon's? In Marin County, right across the Golden Gate Bridge from San Francisco. So it's Northern California, just a little bit. It's very short north of, San Francisco. Of the city. Yeah. It's beautiful. It's a beautiful, place. The last time I was anywhere near there was I went to the Skywalker Ranch, George Lucas's. Oh my word. Kind of compound. Yeah. I was working on bailout. That was beautiful. That's a beautiful property. Yeah, that is. Yeah. We were driving in. And saw wild turkeys, uhhuh just wander around and a fox wow, that's a fox, right? Yeah. No, that's beautiful. Yeah. I had a client whose estate was right next to Lucas'. This was 2012. Yeah. The gift shop there. He wanted $40 for a Star Wars t-shirt. Really? Yeah.
But that's it. For this week's money. And Marcus, that's it for in-house Sole. And I think we got two weeks now, right? So we got two weeks and I just warn everybody, we're all in the crosshairs, so this is gonna be a very interesting fall. And if we have a couple more weeks in summer to really fill up your joy bucket, now's the time to do it because the fall is gonna be absolutely wild. Yeah. Top off that gas tank. Okay. There you go. Okay, John. Thank you ladies and gentlemen. Thank you for joining us on the,
I You said I shouldn't call it the oasis of sanity. What is it? It's the it's the oasis of Clarity. Ah, the Oasis of Clarity. Much better.
Anyway, you have a wonderful two weeks, John, and I will see you in August. All right. See ya.
I have to tell you, this week has been unbelievable, John. Anyway what's our theme? Theme is cross hairs. Maybe it should have been oasis of sanity, though. That was,
or at least, we try to be an oasis of Clarity. Clarity. That's probably better because we're describing completely insane things. Yeah. Sanity is a, as a reach in the current environment.
Okay. I have to tell you, there's so many people in the crosshairs, including all of us, so anyway. Yeah. It's a good theme. And across here. Start at the top. So let's dive in with the Epstein story. The top, meaning Donald Trump in this case, top of the us. Here's a tweet from Thomas Massey. This is just to set the table for what most Americans is not. 79% of Americans support releasing the Epstein files, but only 16 members of Congress support that release. That's completely shameful. It's up to 20. He had it up to 20 until Mike Johnson literally shut down the house sessions. So to stop the vote. Wow. They had one of the co-sponsors with Massey was claiming on public TV that, that they had the votes to get the Epstein files released. Then why would only 20 people sign up? Then 20 signed up to co. Or totaled to sponsor. But to, co-sponsor. Yeah, to co-sponsor. But what Massey was doing was he was asking for a vote on the record. Somebody, oh, I know what he was doing. Oh yeah. And he seems let's find out who's who. Yeah. But Mike Johnson has literally called into early recess and recessed the house to stop the Epstein vote. So the house, okay, so we know who he, tonight he's on. Okay. Thanks. Thanks, Mike. So the house now gets 41 days of paid vacation, right? Yeah. Wow. In exchange for protecting pedophiles. Okay. Exchange. But at least, Mike Johnson is outed himself. Let's talk about why 80% of Americans, by the way, let me go back to that tweet by Massey. I wanna point something out here, which is, if you look at this, notice that there's no
the support is runs between 85% Democrats, 75% Republicans, no matter how you cut it, no matter which party you're in, the vast majority of Americans want those files released. And that is what has politicians running scared. And the reason people want 'em released is let's just go to our next clip. This is a former Mossad agent named Ari Ben Mana talking about the reality of the Jeffrey Epstein files. He knows what he is talking about. Let's listen to what former Mossad says. Suppose what the most alarming allegations that you've been making are that the entire Epstein operation was a honey trap operation to entrap politicians, policy makers, celebrities, people in the media. I basically to become Israel's assets. Correct. That it became basically an intelligence operation to entrap different politicians around them.
Okay? So Epstein is an intelligence operations to entrap politicians. Now you see politicians blocking the release of the Epstein information. This is not. A, a mystery worthy of Sherlock Holmes. This is pretty, pretty direct, pretty straightforward, but it tells you how scared they all are, that they would recess the house early, stop all work in the house, just so they could prevent these files from coming out. Because if you get a vote of Congress saying they have to be released, there's no way you then can stop it.
You cannot. Once the information comes out, it's out. You cannot honor ring that bell. But let's now turn to the cross air Smart. So there's nothing really new there for Jeffrey Epstein. This is an issue that's been bandied about and has been well discussed and traveled in kind of the back channel media. Now it's on the broadcast media, and this is, what brings us to the cross airs, starting with the Wall Street Journal, which is historically pretty. Pretty favorable overall to Republicans. Now you've got the journal taking a hard look at the Epstein story. Here you go. From last week, Jeffrey Epstein's friends sent him body letters for a 15th birthday album. One was from Donald Trump. So the journal is all over this story. And let's just look at the story briefly. It was Jeffrey Epstein's 50th birthday. Ghislaine Maxwell was preparing a special gift. She collected letters from Trump and dozens of Epstein's other associates for a 2003 birthday album.
So that is an interesting, I'm gonna highlight this. It's a birthday album, so it's a physical look at this pages from a, the leather bound album. This is a, this is not an electronic document we're talking about here. It was assembled before Epstein was first arrested in 2006. And it's among the documents examined by DOJ officials. Who investigated Epstein and Maxwell years ago? So not the current DOJA, past DOJ. It's unclear if any of the pages are part of the Trump Administration's DOJ review, so that we don't know the letter bearing Trump's name. Notice the notice how cagey the journal is here. They don't say it's the letter. Trump wrote the letter bearing Trump's name which was reviewed by the journal. So they've seen the letter is body like others. In the album, it contains several lines of typewritten text framed by the outline of a naked woman, which appears to be hand drawn with a heavy marker. A pair of small arcs denotes the woman's breasts and the future President's signature. Signature is a squiggly Donald below her waist mimicking pubic hair. So the journal isn't they're, not, pulling punches here. They're, laying out all the lure detail with Donald Trump. Trump denied writing the letter or drawing the picture. This is not me. This is a fake thing. It's a fake Wall Street Journal story. He said allegations that Epstein had been sexually abusing girls became public in 2006 and he was arrested that year and, he dies 13 years later. 2019 a 2002 New York magazine profile of Epstein quoted Donald Trump. So this is over 20 years ago, quote from Trump. I've known Jeff for 15 years. Terrific guy Trump said he's a lot of fun to be with. It even said he likes beautiful women as much as I do, and many of them are on the younger side. No doubt about it. Jeffrey enjoys his social life. That's a withering quote. Now that may not be a problem in court, but that's a p that's a PR nightmare for Trump there, right? Don't make any mistake about that. So let's finish off the journal story because the journal is putting his square in front and center allegations that bureaucrats covered up Epstein's connections with the participants in his trafficking scheme. Were fanned by people now in top roles in the Trump administration, including FBI, director Cash Patel and his deputy Dan Bonino In June, 2004, Trump himself was asked, asking a Fox News interview whether he would release the Epstein files, and he said, yeah, I would. But then he pulled back and he said you don't wanna affect people's lives if it's phony stuff in there, because a lot of it's phony stuff with that whole world. But I think I would release the stuff
that's this is, a potential monster problem for Trump. So what has been happening over the last couple days is a drip, on these Epstein files every day it gets worse. So they had Maria Farmer on corporate TV talking about seeing Trump in the in, in Epstein's offices at the Helmsley Palace. And indicating Epstein had said about her, no, she's not for you. Implying that there's someone, there's another young woman in there for him. The New York Times has a story on that. We've got it right here. Yeah. And but we also see Maxwell agree. Tim Burette from congressman, from from Tennessee put out a tweet last night that they had agreed, the house had negotiated and agreed that Maxwell would testify in the house. And it's not clear whether what Johnson was shutting down was the vote or Maxwell showing up and testifying in Congress. But it gets even better than that. I think I sent you this last night, Roy Black, who is the very famous criminal attorney who represented Epstein in 2006 and 2019 just died.
Could be a coincidence, but. I'll tell you what's not a coincidence. That may be a coincidence. Roy Black was 80 years old. 80 years old, okay? So yeah, people die when they're 80. That's, not unprecedented in human history. What's not a coincidence, undoubtedly is now the Trump Department of Justice is seeking to interview Ghislaine Maxwell. They wanna talk to her now, right now. Place your, place, your bets on a Maxwell. Pardon?
Do, does she get Pardon? Can there's, in other words, one potential. Can Trump get away with that? Legally. Yeah, Legally. Yeah, legally he can get away with that. But again let's, go to the New York Times story, because the New York Times story gets into the problem. This is for Trump. It's not necessarily a legal problem, it's a political problem and it is a monster size political problem. Let's look at this. This is what you're talking about, Maria Farmer. And this is New York Times. Okay. So now the time, now the New York Times, now you have America's probably the two flagship papers in the us. The Washington Post and LA Times would disagree with me on that. But Wall Street Journal of New York Times, those are two leading papers in the US covering this story. That's a problem. Okay. Here's the story of Maria Farmer. An accused story suggests how Trump might appear in the Epstein files. It was the summer of 96 when Maria Farmer went to law enforcement to complain about Jeffrey Epstein. She said she urged them to take a broader look at people in his orbit, including. Donald Trump. She says this in 96. She repeated that message 10 years later when the FFBI interviewed her again about Epstein in 2006. Her account is among the clearest indications yet of how Trump might have come to be named in the unreleased investigative files in the Epstein case. Here we go. Let's just look at this difference between legal and journal and political investigations like the one that targeted Epstein often explore a wide range of tips, evidence, recollections, and relationships, little of which ends up being used in court records or is the basis even of a criminal prosecution. Epstein's voluminous investigative file contains many records that have not been made public, but that became the focus of claims long stoked by Mr. Trump's allies that authorities might have covered up the involvement of other rich and powerful men. The story of Ms. Farmer's efforts to call law enforcement's attention to Mr. Epstein in a circle. Shows how the case files could contain material that is embarrassing or politically problematic to Mr. Trump, even if it's largely extraneous to Epstein's crimes and was never fully investigated or corroborated. Here's what you were talking about, right? The backstory, she's not for you. That's an Epstein quote. The encounter with Mr. Trump, Ms. Farmer said occurred in 95 when she was preparing to work for Mr. Epstein. She arrived in his office wearing running shorts. Trump shows up wearing a business suit and started to hover over her. Ms. Farmer said she recall feeling scared as Trump stared at her bare legs. Mr. Epstein then comes in the room and says to Mr. Trump no, she's not here for you. There's, de there's documentary evidence on all this. In 96, Ms. Farmer said she went to stay at Mr. Epstein's estate in Ohio in a complex developed by Leslie Wexner, the Victoria Secrets, CEO, and her first interview with the Times in 2019. Farmer said that before she talked to the FBI, she spoke. To the sixth Precinct of New York Police Department. Police records. Here you go. Records show that she had done this in August of 1996. That's 30 years ago. These records go back. Just look at these records. They, go back a long way. Anyway, Mr. Trump's friend sheet with Mr. Epstein had been captured in videos of them partying together and comments the men have made and his name appears in some previous release. Case records including Epstein's flight logs, more records. There you go. Flight logs. Trump was escorted in 2002 as calling Mr. Epstein a terrific, you get the flavor. There's decades of dirt and scandal and innuendo on this. And this is a massive problem so I go back to the claimants after Epstein died. We have a victim's compensation fund. 220 plus apply 150, get settlements of 138 million. That's a lot of files, John,
that's a lot of fi when you pay out 138 million to 150 people who have allegations, that's a lot of files. So in other words, the drip can be kept on every day, every hour, or every day for decades. And the question is why, right? Why is the Epstein files being stoked? And I would say there are a couple reasons why. One is that some of the Trump appointees made such a big deal about how they were gonna release these files beforehand. And the whole Epstein saga was a big
cult thing. It was a, rallying cry, right? It was a rallying cry. So part of this is the Trump team turning this into something much bigger than it had to be turned into? That's part of it. But the other thing is Trump had Powell in the crosshairs the week before. Suddenly now Trump's in the crosshairs and you see the secretary and Trump backing down on Powell. We have a story coming up later. We do. So the question is is this because once you pass the stablecoin bill, the Genius Act, which has been passed and signed into law, and the big beautiful Bill one, you don't need Trump anymore, he's now become much more expendable. He's gotten a lot of the job done. But then the question is gonna be, if you're going to issue trillions of dollars of stable coins, who's gonna control that? Is it gonna be the treasury side of the house or is it gonna be the monetary side of the house? We're watching a war between those two sides. Interesting. A And we haven't even gotten into, let's go back to the 2006 Epstein case, right? Epstein, Jeffrey Epstein got a sweetheart deal in that case, right? On rape allegations, we've got a home arrest and all the rest. You know who cut that deal? Yeah, it was a guy ACO Acosta. It was Acosta who, was the labor secretary for, in the first Trump administration, who then 12 years later gets appointed by Trump, or 10 years later by as a, cabinet position, right? Yeah it looks like you don't think, you don't think the Journal of the Times and the journalist can turn that in a quid pro quo. You gotta be kidding. Of course they can. You gotta be quid me. But I wanna point out no one so if you look at Epstein, there's a lot more here than sex because you have money laundering.
I would say the money laundering was probably very significant, but you also have all sorts of money going into science and high technology, and there's all sorts of secret technology involved. So you have a couple stories here, and if these files get public, you're gonna be able to connect the dots and integrate them now. I'm confident that Epstein was very much an asset for the Mossad, but no one can operate. He was an American operating on American soil. He was international but very significant residents and operating on American soil. And no one can do that without the support of the New York Fed member banks and the US intelligence agencies. I would agree with that. And I also have noted for a long time that of the thousands of photographs of Jeffrey Epstein's orbit, you never see the, real players. You never see a Tim Geer in there. You never see a Bill Dudley, you never see high ranking fed members in there. It's always the dumb dumbs. It's the Bill Gates. It's, the Larry Summers it's the, Rubes, it's Alan Dershowitz. It's these clowns who show up. They're real players. They're nowhere to be seen. Although, I will say, remember Lutnick did have the house next door, so you have no idea what was happening through the basement of the garden. Yeah. Another dubious le labor secretary. But a primary dealer, one of the 24 primary dealers. Yeah. So
big let's, finish it off. Trump is now trying to turn the crosshairs himself onto the newspapers. Really onto the journal. I don't think this is a good idea. Trump sues after Wall Street Journal's. Epstein story. This is short and sweet. President Trump sued the Wall Street Journal for defamation on Friday after the newspaper published a story detailing an alleged letter Trump sent to Jeffrey Epstein for his 50th birthday. This is not a good idea. The 18 page complaint says the story is called, has caused overwhelming financial and reputational harm for the president, demanding billions of dollars in damages, overwhelming financial damage, overwhelming financial. So in other words, your financial records you, that's now discoverable information. Since you, yourself have put them in the cross airs all by yourself by filing this lawsuit. That's a good point. So they can, ask for the information on all the meme coins and crypto coins and whatever they want. Yeah. Let me tell you that the, standard for information getting produced and discovery and litigation
is it relevant or may it lead to relevant information. It's so broad. So here's for me the, one of the most interesting questions, where does that letter reside? Because there's a reasonable chance, it's still at the Department of Justice and it got leaked by somebody at d oj. It looks to me just what, just based on what we just looked at. It's not at d oj right now. It's with some people who worked in DOJ previously. That's very possible. Where is, where's that leather bound journal right now? Physically? Where's that Leather bound journal? I wanna know. So it could be at the FBI, it could be at the DOJ, it could be with somebody who used to work there. It probably is. I think. I think you're probably right, but I don't think it's, if it's in an office it's almost certainly in an office in the DOJ because the DOJ includes the FBI, I don't think it's in an office of the Trump team that's undoubtedly on this Epstein case.
So all I'll tell you is we are now in a situation where you have thousands of people at the Treasury and the Department of Justice and several other departments around town who have a vested interest in putting Trump and his team in the crosshairs. And this gives them an avenue. Where they think they can see, in the court of popular opinion. There are many there are many illegalities going on where they don't think they can win in the court of popular opinion, but they can win here. Yeah. And so it would not surprise me to see talk about the drip. I think the drip is just gonna keep coming and no, no summer recess is gonna help on this one. Yeah. And that lawsuit gets going and the discovery gets going. Expect more leaks. Leaks, are the norm. Now, you saw before Obamacare decision was rendered in 2012, in July, there was insider trading on the Supreme Court decision. On Obamacare. So a leak in a, network that tight, you don't think there could be a leak at a dis, at a discovery disputes and a lawsuit involving the United States President. You're kidding. Yourself. I am so glad I'm not pa Pam Bondi. What a nightmare. It's a nightmare. It's a, complete nightmare. Let's keep it going with crosshairs because there's more crosshairs to go around. Yep. And Trump isn't even the only president in the crosshairs. He's the only current president, but we've got the ex-president. A key detail about Obama's Russiagate scandal is flying under the radar. This is, I don't this key detail. This is pretty major. The Obama administration withheld a key intelligence briefing that contradicted allegations of Russian election interference from then, president-elect Donald Trump, the office of the Director of National Intelligence, ODNI report, stated that foreign adversaries did not use cyber attacks on election infrastructure to alter the US presidential all election outcome during the 2016 election. So the internal report says foreign adversaries did not use cyber attacks. Interesting. 'cause that directly con, look at this, the findings. Which would've directly contradicted media reports and intelligence leaks alleging Ru Russian interference were ultimately pulled from the presidential daily briefings just days after Trump's victory. Despite, despite being cleared for inclusion in according to files released by ODNI. That's really bad. Yeah. So you're basically re-engineering what is supposed to be the, most impeccable intelligence information available. It's the President's daily briefing and you're basically re-engineering it to create partisan politics. You're flat out, you're flat out lying about the number one conclusion, right? Did they interfere? The report says no. And you come out the president and lie through your teeth to the American public, withhold this report and say, yes, they did interfere. Because you're trying to compromise an election. You're trying to interfere with an election. You are doing what you're accusing, what you're falsifying evidence that the Russians did, you're trying to do. It's you're the Russian you're the meddling Russian guy. It's projective identification. They always accuse you of doing what they're doing. Yeah. Yeah. Exactly. Okay, let's keep it going with crosshairs the Fed and the crosshairs, why the Fed's building renovation cost $2.5 billion.
Allies of President Donald Trump are pressing for an investigation into the ongoing restoration of the Federal Reserve's headquarters costs for which have ballooned up to $2.5 billion. Any evidence of mismanagement or fraud as White House officials have suggested, could prove I'm pretty, sure they didn't say this could prove a use, useful pretext. For removing Fed chair drum Powell, whose resistance to cutting interest rates this year has angered the president. I'm pretty sure they didn't say, Hey, we've got a really useful pretext for removing Powell, but whatever. We get the point. But the price tag has less to do with ostentatious features. Then the challenges of the building, it's underground. And what was once a swamp near the tidal basin along the Potomac River. Yeah. The Fed is close to the Eccles building is close to the Potomac. And the swamp And Washington literally is built on a swamp. Yeah. There's a real metaphor there. But here's what's interesting for, there was about a week there where I was assured by Washington Insiders that they were gonna get Powell on this. That he was gone. Yeah, and they seemed very confident. 'cause the president doesn't have the legal power to fire the Fed Chairman, with the exception if he's guilty of fraud. No. It's a for cause. Yeah, for cause. But, here's the interesting thing there, Tulsi Gabbard is coming out with the files on Russiagate and saying that, Obama falsified files to get rid of Trump while Trump is falsifying files to get rid of Powell. Yeah. It's what? Who's zooming whom? Here, come on. It's like it's Does anybody, have an argument remaining on, real principles? Nothing. No one? Or, does it all have to be allegations of crime and scandal? Everything. This is just the mini night thing. Yeah. But I, have to say, Trump and, Besson have done I have never seen anyone make the Fed look honorable. But they're trying. They're trying.
No Powell is Powell's the only one who's behaving like an adult. Yeah, that's a great point. He the fed you're making the fed look squeaky clean to stop. Yeah. They're not clean, but you're making 'em look like they, at least they're under adult supervision. Yeah, that's true. Yeah And, here's the thing. Trump is dealing with huge rollovers on treasuries, and so I know why he wants interest rates to go down. Sure. But if you look at what he's doing on all his policies, it's driving interest rates to the moon. Yeah. We, and we'll get to that. But this is what I call the Midian, I think. 'cause the Midianites are just, do you know what I mean? They're just all killing each other. And, of course the, drip on Trump. The question is are we looking at a serious effort to switch to get Trump out of there? Is this the, is this an effort to get JD Vance in the White House in the Oval Office? Here's the thing. Trump has got, if you look at what the pro centralization team has gotten, wanted him to get, he's gotten essentially everything they need. He's gotten the stable coin bill through, so he is got the Genius Act through. He is got the big beautiful bill through he's got the social credit system with Palantir off and running. Yeah. He's helped Israel get pretty far along on the extermination of the Palestinian people. Yeah. And now the Senate has, I don't know, seven more days to pass the CLARITY Act. I don't know if they're, gonna make that through, but they've pretty much gotten everything. So I'm not sure they need Trump anymore. Let's see what else they've got. You know what else they got? They also got Americans data. Let's turn to ice. In immigration, we've told you all along that is just a bogus story. Immigration, that's not what this is about. Here you go. ICE just got access to 79 million Americans of Medicaid data. How about it? Punch in the Trump administration has struck an agreement to hand over the personal data of 79 million Medicaid users. Part of the president's effort to crack down. Yeah. 79 million to crack down on undocumented communities across the country. Yes, sure. Demographic and location data. That's what kind of information we got here. Demographic. Demographic and location data names, addresses, and ethnicity. All to ensure that illegal alien aliens are not receiving Medicaid benefits that are meant for law abiding Americans. But what's really going on here is the move to collect information on undocumented individuals through government agencies anticipated by activists and experts is fast becoming, here you go. The largest effort ever to consolidate Americans personal data. And we covered several weeks ago, Palantir just got a huge sole source contract to do ice. Yeah. So when it says that the ice is getting the data, no, Palantir is getting the data. And here's what's remarkable. The Genius Act has not one provision to stop stable coins from being used as programmable money and connected with such a social credit system as Palantir is clearly building funded by taxpayers money. Yep. So you are looking at the building of a control grid, which is far more frightening than CBDC. And the question is, who's gonna control if you have Palantir controlling all the data for the social credit system or, doing the analysis and the management of it.
With data from the government or in the government, and you also have them doing the lavender and wears daddy systems that do manhunts one by one. You're talking about building an integrated system that can do everything from a financial kill to a physical kill in one continuum, all integrated right in Palantir, but it's not as if ICE isn't doing anything. ICE is performing a very important role of driving up food prices as we see from the next story. Bankruptcy filings soar as farmers face inflation and ice rates. How about it in the first quarter? Go in here. In the first quarter, 20 25, 88 farms filed for bankruptcy doubling the number in the same quarter last year. The spike reflects the growing concern among econom economists and farm advocates that family farms are being pushed to the brink. High interest rates are also contributing to farmers' difficulties. A lot of these operation operating loans to farmers. They might have been financed at three, four, 5%. They're now getting financed at seven to 9% interest rates. Then you have an increase in overall input costs, meaning labor. One key element of that and combine that with lower commodity prices. So higher labor costs, lower prices you're getting for your, goods. In 2019, there were 599 chapter 12 filings across the us the highest and at least the past decade, A decade. By 2021, that number had declined to 2000 and to 276. But now we're on track for 3, 360 or 400. Farmers have said that recent increases in immigration enforcement efforts, including workplace raids by ice, make it more difficult to find and retain workers, get this President, Donald Trump has acknowledged that farmers are being hurt and temporarily paused ice enforcement actions at farms. So hotels and restaurants last month, however. His directive was quietly reversed about a week later. So costs will continue to go up. And there's more the tariff debate. The tariff negotiations have really hit, depends on which farming sector you're in or where you are. But a lot of farmers get pesticide and seeds from Canada. They get machinery from China but also big exports. So, they've gotten hurt on exports, they're exporting less, and then their imports have gone up in expense. So the, tariff wars are having a big impact as well. Yep. And they're playing with fire because this is such an important issue. Let's go to a series of graphs, most important problems facing the world. This is from status as of May, 2025. Look at what's number one. It's tied for number one inflation at 33% of people saying that's an important issue, crime and violence. 33, I think of those as basically one problem. Yeah. The people engineering the inflation are also the people allowing the crime. That's, that is, you got that the listless do, you know a crime that's worse than the genocide and Gaza is pretty bad, but the monetary, the way monetary policy has been used for the last 50 years yeah, let me back up. You're correct. People collapsing to death of starvation in the streets as they're walking. That's a, problem. And that's going on in Gaza right now. That's a, big problem. But your point is well taken. And it's not, look, let's look at the, two more status graphs. It's not going away. This problem monthly meat price index worldwide from January 20 to 2025. This is, just, look at this. This starts at 65 years ago. Now it's 110, right? Yeah, one 20. You're right. It's doubled right? In five years. So, you keep hearing that the rate of inflation has dropped. But what it means is prices are still going up and they're going up not as fast this year as they were last year, but because they're going up on last year's base you're getting clobbered. Yeah. So the, rise is steady and if you look at what we're looking at, certainly for food, I think inflation is gonna get worse. I would agree with that. Let's look at it, right? Let's look at right in the bread basket, consumer's weekly grocery expenditure in the US for the last 20 years per household. Okay? This is weekly. So it was 2006, it was $93 a week, now it's 200. Now it's $170. Almost a double. And wages have not kept up. No, So the squeeze is definitely in. The que the squeeze is on. And I think they're right. The rate of price increases has slowed. I see it every day at the grocery store. The grocery store last night buying grapefruit. And they, the bag of grapefruit that I buy is, it was, it's $3 99 cents. It was five grapefruit support. It's ah, okay. 80 cents a throw for grapefruits. I can live with that. Nope. It's a dollar now. 'cause it's only four grapefruits. So if you have land or you're spending money on a lawn and gardening, think about edible landscapes. Think about having a garden. I have one friend whose sister just put up one of those towers on her balcony and she's growing almost all our own vegetables. So don't think in, in terms of growing all your own food, but just start and do a few things. Every little bit counts. Everybody helps. And I think the bigger problem is if you look at Congress just approved the pesticide indemnity at a federal level. With a with a voice vote, so there's no record of who voted. Yeah. Now, what that means is the deterioration in the quality of your food as such. I don't think the biggest problem is the prices are going up. I think the biggest problem is it may not be food. You think it's food, and they're charging you is if it's food, but it may not be food. That is a, that's a fantastic point is that while you're paying the same price, even if you're paying the same price, you're still facing inflation because you're getting less food in that same package. We saw the things of that meat. It's I would say it's not even food. No, it's poison.
Yeah. Anyway, so that's Cross airs in Fed Watch, but let's keep it going in space, military, global turf Wars with a story that normally would be in hey, robot about ai. But this is really a global it's a hybrid problem. AI is, it becomes increasingly clear from stories like this. AI is heading for an any energy crisis that has tech giants scrambling. Lemme just get in a little bit. There we go. The AI industry is scrambling to reduce its massive energy consumption. AI depends entirely on data centers, which could consume 3% of the world's electricity by 2030. According to the International Energy Agency, that's double what they use today. Experts at McKinsey warned that the world is heading towards an electricity shortage. That's not good. Here we get the US versus China. Each new generation of computer chips is more energy efficien than the last. But you can't encourage consumers just to keep using the same equipment longer. They're gonna demand greater or greater equipment. Even if more efficiency in chips and energy consumption is likely to make AI cheaper, it won't resu reduce tunnel total energy consumption in the US energy is now seen as key to keeping the country's competitive edge. China. So we gotta keep up with the Joneses. We, we've gotta keep up with China. Can't let them get ahead. Let me switch the view here so I can see that bottom line here. You go. Down at the bottom, China is also feared to be leagues ahead of the US in available energy sources, including renewables and nuclear. Okay.
Go back there. So there you go. It's like an arm. It's like the arms race with China over ai. But is that, but it's not even a race because we haven't been in the race. No, I know. I know. It's pretextual, right? But the problem let's look at a graph. Let's go to an energy graph. This next story, it's from Veroni. China generated more electricity in 2024 than the e than the us, EU, and India combined. And so you see China running away from the pack here in terms of energy. Productions, 10.1 terawatts kilo terawatts of energy. It's, an unfathomable amount. What's key to this chart though, is the US Look at this. This is, 1995 here. Okay. Energy production in the US has basically been flat for 30 years. I I got a master's degree in electrical engineering in 1991, and I did power electronics, which is adjacent to power distribution and whatnot. And I remember talking to guys back then who's still in the power field? All the guys in the power field and large scale power production, they're old guys. The power grid is slowing down, and that in that graph. We, haven't had any, we haven't budged. In terms of energy production, China's running away with the, crown here. Meanwhile, we're, so we're gonna, this is a limited resource energy production, and we're gonna piss it away on AI and drive up energy prices. Are you kidding me?
I, don't know what the plan is here. I do because I, keep getting told we have all sorts of breakthrough energy that we're gonna let through. I know we're bringing back a whole bunch of nuclear plants, 'cause I know investors in that area. But
if you, in my experience, if you look at the people who run things, they absolutely know what they're doing.
All I can tell you is they wanted China to shoot way ahead.
This is, yeah, this is a managed situation. Would, it would appear so, yeah. Yeah. So let me just read you a couple things. This, one of my favorite Chinese sub stacks, just give you a little statistics. China graduates more than 350,000 mechanical engineers each year. If the US produces fewer than 45,000. As I write this, there is not a single university program in the US focused on rare earth mining and processing while dozens exist in China. Regardless how many millions Pentagon invests in mining companies like MP materials, where will they find the specialized engineers, geologists, chemists, metal metallurgist to develop the relevant mining whatever. China's STEM graduates now at number the US six to one. They don't just produce more STEM students. They're ranked ahead in academic excellence. Let me keep going. On a broader level, the US graduates 132,000 engineering students. China produces 1.4 to 1.5 million a. Wow. And we've known for over a decade. I remember when we wrote a the rise of the Asian consumer. We knew all those statistics in engineering and science then. Yeah. And, I've seen many universities in the US where most of the graduate positions in those fields are reserved for foreign students. Yeah. In the Indian and Chinese. So this has all been carefully planned and managed for decades. Yeah. And the effect is showing up. I read a story this morning from Yahoo News. I'll put a link in the show notes that says energy production, energy costs in Chicago, where they have a lot of these mega data centers. They're, it's added 10 cents per kilowatt hour to people's electric bills. 10 cents a kilowatt. I remember when the, your whole bill was 8 cents a kilowatt. You're gonna add 10 cents to that. So you see where this is headed, and AI is increasingly spinning out, doing crazy things, deleting people's data, giving, making stuff up. But here's the thing. The, big, the killer app here is not ai. The killer app here is cryptocurrency, is money, it's digital, an all digital transaction and control system. So if you look at the digital concentration camp, that is what requires massive amounts of data centers and, the related electricity and water. That's what it is. It's a control grid. You're saying, so you could kill AI and you'd still have energy consumption problems due solely to crypto.
So, the whole, to me, the whole point of AI is to make it possible to track and manage people one person at a time. It's the control grid that's the killer app on ai. And it's, its I don't, think that's, its all purpose. No. I don't mean to say it's its sole purpose, but I think that the thing that eats up the capacity is not just ai it's the data you need to run digital money and social credit on blockchains. Yep. It's, there's a lot of, whatever the energy's been used on in connection with AI and crypto it's not for your benefit. Think you could agree on that? Remember 23 crypto was using Bitcoin worldwide was using 123% of the total energy use usage of the Netherlands. It was using more energy than the Switzerland. Yeah.
Yeah. You mentioned alternative sources of energy perhaps coming, let's go to the next story. In space military global Turf Wars from the financial times. A new Cold War with China won't help the us. This is an opinion piece, so take it for what it's worth. Washington's willing concession of global leadership in clean energy to Beijing ratified by Trump's big, beautiful bill, which guts the US federal efforts, to promote renewables. Whatever you think about renewables, you saw that graph of flat energy. I don't think beggars can be choosers. It's certainly something you should be looking at, right? Let's go back to the story. Tariffs and threats undercut one of America's key historical advantages, predictable relationships that upended and a fit a political peak. This is interesting, this survey comparing China and the us. 70% of countries now conduct more trade, which is in most cases twice as much with China than America of a hundred countries surveyed by the Democracy perception Index in April. More than three quarters, judge China more favorably than the US and Trump fared. He didn't fare too well against Xi Jinping and Vladimir Putin. Sadly last year, the US quadruple tariffs on Chinese electric vehicles to 100% in effect banning them. Yet, if America car makers failed to produce affordable EVs compared to China's, at what point should the cost of consumers and climate take precedence? And then final point here, only one third of Americans see China as the enemy and the public ranks avoiding armed conflict as a paramount task. Despite the turn against China over the last decade, the country has never been gripped by Cold War. Cold War style fervor. Political elites should stop trying to will it into existence. And that's exactly what they're doing. It's like we need to have wars against Iran. And then we're gonna turn, we're gonna pivot to Russia, then to China. These guys are serious about taking out China and Russia are becoming the world heon. They're not gonna stop. And the public's we don't wanna do that. They're very serious about, preserving cima vis-a-vis China. But what's interesting is if you look at the group that's the most rabid pushing the anti-China spin. Yeah. It's the Israeli networks. Yes. You got it. It's Israel. And on that note, let's turn right to Amer's Israel. Watch in the US this is the concerns the story in the EU Bake sales for Gaza could stoke Jew hatred EU warrants. This is fascinating. You have a genocide going on. What's, up with the bake sale? Eus antisemitism czar. This is, her right here. She's the antisemitism czar. And Europe warned that European ambassador warned European ambassadors that holding bake sales for Gaza and Brussels could stoke Jew hatred. So you'd hold bakes tales 'cause people are par starving to death. But you can't do that 'cause it might offend people. She, told gathered EU envoys in Tel Aviv, there were new forms of antisemitism, which she described as ambient antisemitism. Interesting. I didn't know what that meant. I had to go look it up. Yeah, here you go. It says right here what's, what is the ambient antisemitism? That means creating an atmosphere in which Jews feel uncomfortable, even in European institutions. The German Barron has said bake sales for Gaza. Held in Maye and Brussels by European Commission staff, which raised money for the Red Cross stoke ambient antisemitism. Ridiculous. So why not have the bake sales? She says, the United States, nine United Nations in the media were ignoring news about Israel providing food in Gaza. There's no starvation in Gaza. Israel's providing food in Gaza. And she said anybody says different. That's a conspiracy theory. I guess she'd have to include Netanyahu in that conspiracy theory because he comes out and he says no
The, food aid is being provided, okay. From foreign con, from Red Cross or whatnot, but they don't, doesn't get there because Hamas steals the food. So even Netanyahu's yeah, there's starvation, but he's blaming it on Hamas. This Nutball Barr us from, the EU with ambient antisemitism says no, There's no starvation at all. It's all the food's getting there. There's no problem. The bake sale's offensive. So each week. We're, trying to it's like trying to hold back the flood. And so each week there's competition to see who can be more ridiculous in what they claim. Yeah. And, I think that's one of the reasons it makes it so difficult to function in this environment is the the intensity of the ridiculousness gets worse and worse
And so you're watching people you're watching somebody basically make a fool of themselves.
Yeah. And it seems to have no end. No there's no limit to it. It's like a contest. It's like a contest. And, a US is funding all of this. We're funding the genocide. Let's see what else we're funding with. Is the IDF in Israel? What else? They, we know they're destroying human lies. In a, Holocaust. Okay. Let's be blunt. It's genocide. It's the holocaust going on in Gaza. They're exterminating Palestinians. Your term, what else are they destroying? Let's go to Marjorie Taylor Green and hear from her. Israel bombed a Catholic church in Gaza. Oh, and that entire population is being wiped out as they continue their aggressive war in Gaza. My amendment would strike 500 million in funding for nuclear armed Israel's missile defense system. The US already provides Israel with 3.8 billion annually in foreign eight, 3.8 billion. That's a lot of money. Additionally. The April, 2024 security supplemental included 8.7 billion for Israel. Even though Israel nuclear armed Israel has universal healthcare for their citizens and subsidized college for their citizens, they're able to provide that. However, here in America, we're $37 trillion in debt. My amendment will ensure an America First Department of Defense, and that is exactly what we need and we haven't had for a very long time.
Yeah, it's not maga, it's mega. It's Make Israel Great again. So for $8.7 billion, you get to be the leading sponsor of a genocide and as a kicker, you get to destroy a Catholic church over there. Isn't that great? Wow.
Just And they even attack their own allies. Let's you teed it right up. Let's get to it. And here we go. 77-year-old country, Israel is bombing a 5,000 year old city. That's, this is Israel, 5,000 year old city. That's Damascus. So this is just barbaric. Israel has bombed Syria, a government that has declared its support for Israel, a government that has not once attacked Israel. None of that matters, because Israel has the right to bomb whoever it wants, even its allies. Israel bombed a square in Damascus where the National Library and the Opera House were housed. It was an outrageous act of terrorism. Zionists are trying to build a greater Israel, and Syria is in the way to the Greater Israel project, just like Gaza is in the way. It does not matter how much you suck up to Zionists, they will bomb you anyway, because that is what Zionists do. And he asked, Damas is one of the oldest cities in the world, but Israel would happily turn it into another Gaza. Are you not sick of these bastards yet? That's a completely rhetorical question. Yes. So here's my question to you. If the drip, succeeds at getting rid of Trump and you install Vance, is this real, more powerful than ever? Yes. Yeah. I, think so. Because Trump, is his own brand, right? There's a lot of wild card left in Donald Trump. I'm sorry. I don't like a lot of what he does, but he's got his own mind and he does his own thing, and he's got a wild hair in him here and there. And I think that's a good thing. I like unpredictable Donald Trump. I do. Vance to me is this guy was bought and made, he was crafted by Peter Thiel. Just a, just an evil. It looks to me like a Coke snorting. Maniac. But remember we have the CEO of Palantir saying they wanna be the operating system in the government. Al Clark. Yes. And in fact, yes. No, that was the, so he's the number one. So it's the Chief operating officer who said, I wanna be the operating system. But, if you look at the sole source contracts or the contracts they have and what data they've been given or, they have access to essentially you're seeing the privatization of the US government into systems. And the question is in advance presidency, who's really gonna control those systems? 'cause it, it doesn't look to me like they're gonna be controlled from the Oval Office. Who's, more likely to push back against his handlers? Donald Trump or JD Vance? That's the question. And I think it the answer's obvious to me. It's Trump. Vance. Like I say, he's the guy's, he is a welp, he's not gonna push back. He didn't know anything. But here's what's interesting. We are watching in Congress with, 20 congressmen who are claiming they had the vote to get the Epstein files released. We are watching a, revolt against the Israeli lobby. That's what that is. Yeah. And that's where it's gotta come from. And something, one of the things I tweeted out is I said, I tweeted out a picture of Mike Johnson after he called the recess. And I said, if you live in Louisiana and you belong to a church, I want you to ask your pastor and your congregation why you were sending people to Washington who are protecting pedophiles and people who engage in genocide. Why are you doing that? Yeah. That's the que that's, where the revolt has to come from
why, are you sending to people to Washington? To, not represent you to, represent the interests of someone who wants to do you harm? Okay, so I'm gonna say this another way. Remember when I said the stablecoin with the Genius Act has no protections against converting all of that to programmable money? So with the Palantir social credit system totally integrated. Okay? Now we're talking about giving the power to the people who protected Epstein to run a system where they can turn off your money if you don't let them have your kids, right? Okay. That's, what we're talking about. So, the people around the Epstein operation are now gonna control your money and they can turn your money on and off. Is that really what you want? And the people who have, who can do the one-on-one manhunt in Iraq and around the world will also have not only a kill switch on a manhunt, but they'll have a financial kill switch. And that could be integrated into one integrated system. Yes, it can. Yes.
That's, not, a reach at all. Just that's a mass control system. Yeah. It's one system.
Let's go to the war in Ukraine where basically Ukraine's outta soldiers, but the war is never ending. So what are we gonna do about running outta soldiers? No, here you go. Starmer prime Minister of UK highlights command structure to rapidly execute Ukraine's support plans. The coalition of the willing is working on plans to send deterrence forces. Ah, to Ukraine. Okay. According to Starmer a few months ago, military planners from coalition countries developed assistant plans for Ukraine in four key areas, airspace, sea land, and strengthening combat capability of armed forces. In Ukraine. Of Ukraine. He says, we had a meeting of the coalition or the willing last week to sign off on those plans. They are advanced plans now. They are capable of being operationalized. What does that mean? French President Emmanuel Macron announced that the countries of the coalition of the willing had increased the peacekeeping forces designed, designated for Ukraine. According to him, those forces now number up to 50,000 troops. They could be deployed to Ukraine. They will be fed into the beat grinder, just like whatever it was probably. But they'll only be provided after the ceasefire. Sure.
The US troops are not gonna go there. The US is not gonna get sucked into that one. So they're gonna, the US is gonna fight the war. They fought it to the last Ukrainian, now they're gonna fight it to the last European. That's what that means, right? But the US troops, we're saving up our guys, our me grinder, guys are gonna go for China. That's what we're after. No doubt about that, right? I agree. Yeah, I think that's clear. Let's turn to the Clarity Act and hey robot. This next piece is interesting. This is from Consumer Reports. You can see up here. Hey, in the upper left, the author here is Chuck Bell. I don't know him. But this interesting article, house approves Clarity Act without needed protections for consumers and investors. So there consumer reports is coming at this from, this isn't protecting consumers at all. A bill passed by the house today creates a regulatory framework for cryptocurrencies without the safeguards needed to protect consumers and investors. And ensure the safety and stability of the financial system according to Consumer Reports. Chuck Bell, the advocacy program director at Consumer Reports, says we need much stronger oversight of the crypto industry. The CLARITY Act is designed to move oversight of most digital assets from the SEC to the Commodities Future Trading Commission, which lacks a consumer protection mandate. So that's out the window. Consumer protection, that's out gone. This is the most interesting part though. Stop me when this sounds familiar. The ACT provides for a broad federal preemption of state consumer protections. So the act it present, it preempts state laws from regulating the offer or sale of digital assets for federal federally registered firms, except for general anti-fraud statutes, which are watery. The act strips away state level protections that often go beyond fraud, such as privacy. Contract rights and remedies for unfair trade or deceptive practices. This leaves consumers more vulnerable. That's what the clarity ACT's about. So it passed the house, it's back in the Senate, and the Senate sponsors have released a discussion draft. Yeah. And the Senate the last day of the session is the 31st. So they've got seven days to move on this, which I'm assuming is not enough. So it looks like this is gonna be a, debate in September. I don't know. I don't, with the Epstein file, bruhaha, I don't see the administration has the wherewithal to push this through. Yeah. But we'll see. Do they needed to push it through. That's the next question because stable coins are taking off their stable coins. Let's look at this next story from the Financial Times Central Banks face. Dilemma of a rise of, dollar back. Stable coins. This is, interesting. Take on this. Global Central Bank takes a dilemma over whether to embrace stable coins or promote alternatives to the new technology. As the US' aggressive backing of privately issued tokens thrust the fast growing sector into the financial ma mainstream. So stable coins are a US thing. The bank for international settlements warned that the unchecked rise of stable coins could threaten the public's trust and money imperil, monetary sovereignty, and potentially pose risk to financial stability. Some countries are instead trying to develop their own central bank digital currencies, which would give the public access to save central bank money in digital form and could extend the tide of dollarization. That's what they're worried about. We're in the bizarre, in this bizarre world right now where dollar backed stable coins are dominant. Left unchecked. This is a road towards rampant Dollarization, said Christian Catalina, founder of the Crypto Economics lab at MIT.
Stable coins are becoming, they're really a US thing. US is getting its way right, which is the market forces behind stablecoin. And if you read the Genius Act, it's specifically designed so that the US can ram rod globally. And, anybody who wants to play in that market globally has to play under the US control and by the US rules.
And the, this article brings up a good point. How are those countries, if they let stable coins in, how are they gonna collect taxes if everybody goes to stable coins? Yeah. They're this is a sovereignty issue and it's not just a sovereignty issue for foreign countries. It's a sovereignty issue. For every state and every citizen in the US because again, there is no protections in any of this, not in the Clarity Act and the Genius Act to stop programmable money. And, yet it is not clear who will control and operate those programs and who will issue the money, who's really behind you make a decision to issue money. The issue the issuers are gonna be the depository institutions and they will team up with retail companies and all sorts of others. And the credit card companies are gonna be major players in here. Yeah. But you're talking about creating a parallel train track to, traditional banking. But, in the US it's gonna be the big Fed member banks. Yeah. Who will con, will absolutely dominate. And the, law is set up to do that. Yeah. Now it doesn't say so in the law that I can tell, but the Fed has been very clear. They do not want issuers able to offer interest rates to the customer, which means. Particularly at these high interest rates, the issuers are gonna make a lot of money.
They, sure will. Let's come back to this, the story. It's gonna be a massive Yeah, it's a massive federal credit arbitrage the way it's set up right now. Yeah. Let's look, let's cut back to that story and look at one finish off. One last point. The chair of UK Payment System, Ruth Wand Offerer, said Stable coins still had to prove they could be used at a large scale. A global corporate treasurer, she says, can't use stable coins to make large value transactions across borders. She said at a conference last month, citing foreign exchange costs. Huh. That doesn't seem like a real impediment. You could just No, because if you're, operating with stable coins, both sides of the transactions are dollars.
I don't understand. I don't get that. I don't understand it. I think it's just they're throwing up anything to stop the stable coins. The only thing that can stop stable coins is if you can keep a mobile payment system out of your country, and it's gonna have to be a hardware and software solution. Yeah. This comes down to engineering. Can you keep can Russia and China and the brick nations keep those systems out from operating in their country? I, think the answer is yes, I can. Yeah, I think they can too. Yeah. So, this, so think of it as a tender, not for 8 billion citizens, but for 6.5 billion. Because I think India will probably let them in.
Would have to agree with that right now, right? Yeah. So here's the thing. They have the Genius Act. That's the big thing. They need to to their next step to support the dollar. And here's the thing, given what's going on in the Ukraine and Middle East, we just saw an interview, Alex Jones just pointed out that stable coins, I'm describing them as the new Iraqi pallets of cash. He described them as the New War bonds. And something that is a fair description. Yeah. Because if you're gonna, if you're gonna do the things that you know, the coalition, the willing is saying they're gonna do in the Ukraine, then you need a way with this many rollovers and treasuries to flood the world with you need to get everybody in the world buying treasury bills and here's how you do it. And so these could, stable coins could end up being the New War bonds. True. Could be. Yeah. Let's go to a graph and look at a graph of visa and MasterCard at s and p over the last five years and PayPal. Look at this. What do you make of this? So I, what I believed was at the, equivalent of Jackson Hole in 2021, a decision was made as to who was going to play in the control grid. And I've always believed MasterCard had a major, role as this visa. The credit cards are definitely gonna be players in, the, in all these worlds, including, I think, stable coins. And as you can see, MasterCard and Visa are tracking with the s and p, whereas PayPal has really gone into the doghouse ever since. Yeah. Boy, PayPal that, that's just astonishing how big a hit they've taken. But this, the tightness of that, those gains is what's, what blows me away. It's like a single graph. Yep. Yep. So you're, I think your read on that was exactly right. Yeah. And MasterCard has, if you, said Jack, you said Jackson Hole in 2021. I think you meant 2019. No, I meant 2021. What happened in 2021? There were various discussions going on about how this system would roll rollout, and suddenly after that I'm guessing you had the Bohemian Grove, you had Jackson Hall, and then all of a sudden PayPal is crashing and the credit cards are going up. So I assumed there was some kind of decision or discussion, but I don't know that, I'm just watching the patterns. Okay, let's, so let's go look at that graph. And PayPal's crash. PayPal's crash looks like it began, eh, let's just pick that as a time. That would be July of 2021. Yeah. So that's the grove. And then there you go. And then you go to Jackson Hole in August and Yeah, it's lights out for PayPal. That is really interesting because before from Jackson Hole. To 2021. PayPal's actually outpacing the pack there.
So it was 2020 something happened in 2021. You're right payPal, I know maybe they made a deal who's the, PayPal Mafia. You always hear that term. But yeah. But at that point, PayPal had spun off from I'm trying to remember where it was. I didn't, track it but, clearly the credit card companies were, and if you look one of the things you always see is if you look at their speed of transaction vis-a-vis Bitcoin or any of the crypto, it's phenomenally higher. Yeah. It's way higher. Yeah. Yeah. PayPal I still get emails from PayPal your statement is ready. I used PayPal once, I don't know, eight years ago. I can't even remember what it's for. PayPal they went through this period where they censored everybody and they did it to us. They informed us that if our sales. Were more than 50% of our prior year, first quarter sales, that they would throw us off. And so literally we had to persuade subscribers to move to cash or check and coin and get off of PayPal or else we were gonna get thrown off. What a pain. Yeah. A huge bane. Wow. Yeah. Yeah. So when you speak out against digital control and monetary control in the digitization of money you are coming from a place of experience firsthand. So my experience was was when the Department of Justice tried to strip us of copies of all of our digital and analog records and then falsify evidence. And that's when I learned I really learned a lot about archiving and why you want to be able to document. Any, anything you have to prove in a court of law, you wanna be able to document and you wanna make sure that nobody can get control of your records in a way that they can falsify them. Wow. So I went through that was, years of fighting and subpoena warfare. So I, learned a lot about control, how control relates to your digital records. Yeah. And that's why I, know how they tried to get control of all the legal whether it's your credit, whether it's your bank accounts, your ability to transact, your ability your brand. It goes on and on There's so many different things that can be weaponized. But the one thing you cannot afford to do is wake up and find yourself unable to transact. 'cause they control that. I'm guessing based on what you're talking about right now, that you may not be the biggest fan of cloud computing. No.
Okay. Let's go to Farmagedden. We've got one story this week. It is dynamite and it's an older story too. This is a substack, I think, and it's from February of 2024. It's just called Gallery of Graphs. And all the graphs in this look, these three
decline. So let's just get into it. What are we talking about here? For easy reference, I've gathered together and presented on this page all the graphs that I created for this essay series called Vaccine Evangelists, apostates and Apologists. So this is all about vaccines. Most of these graphs, almost all of them are mortality graphs. Okay? So what I wanna do is I'm gonna cut from the SUBSTACK two, some of these graphs and I'm gonna show you too. This is Wik cough deaths. In Belgium, 1851 to 2018, and you will notice down here that you see this date lemme circle that again. 1959. Okay, so this is mortality. He said This is deaths from whooping cough, which peaked out at about 42. 42 50 back in the 18 hundreds. And then you see this massive drop off, and then we come to 1959 right here. Okay? That is when the whooping cough vaccine was introduced in Belgium. Okay? But I want you to notice something about this. It's very important and not really obvious. When the vaccine is introduced, you still have some deaths. There aren't many deaths left, but there are some that are going on when the vaccine is introduced. It's just small. The deaths are small compared to when they are back at the heyday. In other words, when this vaccine was introduced in 1959, it's then touted as reducing the vaccine deaths back then. But they've gotta ignore all this back history. So the vaccine makers comes in, 1959, says, okay, we introduced the vaccine and look at this. Ta-da we, reduced the deaths. That's, the game here. And then I wanna show one more graph. It's basically the same graph, but it's, this is measles mortality. New York City, 1868 to 1978. It's basically the same graphs. You have a massive amount of mortality comparatively, back in the day in the 18 hundreds, you have 50 deaths of mortality per 100,000. In 1880s, the vaccine is introduced, not when the death, not when deaths are zero, but when they're near zero. And then they say later, oh look we cut the, we cut all the deaths of zero. This guy's got a whole series, entire gallery of graphs. To follow that exact pattern. So we did. It's the whole vaccine thing. It's all a fraud. I think we it's a fraud. It's a total, the whole thing's a total fraud. It's a fraud. The Dr. Suzanne Humphreys was just on the Aria report on mRNA vaccines and her book Dissolving Illusions was the book that really highlighted these graphs and showed you that the history of vaccines is they're introduced after the problem with the disease is over. Yeah. There's also a wonderful book by Forrest Moretti on the polio vaccine that shows you polio was really the symptoms and neurological damage that came from DT from a pesticide, and they decided to cancel. So, just stop there. So polio, if I under understood you correctly, just now is merely a collection of symptoms, right? It's kinda I don't know, COVID, a collection of cold and flu garden variety symptoms. The, DT poisoning was se it would really paralyze people. It was serious anyway, but they wanted yeah. But it's a collection of symptoms from other problems. It's here's the thing's. Poison. It's, its own thing. It's poisoning and toxicity. It's not a disease. There's a difference between a poisoning and a disease. Okay. And this keeps being poisoning versus disease poisoning. Okay. So DD they wanted to stop using DT because it was harmful. The problem is if they just stopped, then everybody would realize they'd been poisoned. The companies would get sued and the insurance companies would be out Billions of dollars. Yeah. So they created a disease called polio, and they had slk invent the vaccination. And then as soon as everybody's vaccinated, they stop using DT at stop using the pesticide. And they announced that it it's all, thanks. The vaccine. The vaccine. And they give Salk a big prize. And all it did. So, let me, if I'm tracking what you just told me correctly, it's not just that they're selling a vaccine and they're touting the success, of a vaccine, it's also a program to divert and stop lawsuits from the willful poisoners.
Wow. It's every time I think I can't be more cynical. I talk to you and I prove incorrect. It's one of the greatest insurance. It's insurance for the insurance companies, right? Wow. Yeah. You gotta read it. It's Forest Moretti's books are amazing. It's got a new one out on milk, which I'm dying to read. But anyways, it's called the Moth in the Iron Lung. And it's the story of how they engineered this. And it's quite and I think it's hard for many people to understand how centralized some of these things are engineered and figured out and thought out and engineered. And, but they are, they've always been that way. So yeah. Wow. But this guy doing all these graphs is fabulous because what is the whole thing is a fraud. Yeah. And then the question becomes why, what is all of this vaccination thing about? But people have been screaming and fighting this for hundreds more than 150 years. Yeah. This is, a long fight. I, love that, that these vaccines come out every time in these graphs. Just as, the disease is about to peter out. Just as deaths are about to peter out and go to zero, they've really released us like, look how much you need more deaths. We cut the death. We're not getting enough deaths. We eliminated deaths. So here's the hardest thing for me. I'm spending a lot of time listening to people in the administration or economists who working with the administration. Talk about how we can grow our way out of the debt problem with the changes that they've made in AI and the control grid and no, that's absolutely false. I can just stop there. I'm not, proposing that it's true. I'm just saying that they're, they keep talking. Now what I will tell you, John, is that if you take a certain segment of the society and you give them freedom to plunder as much as they want, they can get a high, the plunderers can get a high growth rate. Yeah. You just have to get rid of the others. So the guys who get control of Gaza will make a lot of money on Yeah. Stealing that land. Okay. You're gonna get an extra 10 cents a kilowatt hour in your electric bill. That's what's in store for you. If you're lucky. Yeah. If you're lucky. But, for starters so, I've been trying to understand, remember, I'm just trying to understand. Their presentation that they're gonna get a three or 4% growth rate and it's all gonna grow out of no where we are. I know. It's a no, but I'm just trying to understand their logic. Okay. I'm trying to understand what it is. The, it's not a logic, it's a sales pitch. I know it's a sales pitch. Yeah. But, I'm just trying to understand the sales pitch. Yeah. And, here's what you need to understand about the sales pitch. They, at the same time they're giving the sales pitch, we are watching 25,000 children a day being given vaccinations that are poisoning them mRNA shots. Yeah. We just saw the FDA approve a new one for children who are sick.
And then you're also giving the heavy schedule, which is killing. So at the same time China has plenty of engineers, and we could use some more. You're killing, you're poisoning, you're intentionally poisoning the children and you're telling me we're gonna grow at 4%. And, I don't and, we're gonna have armies, but you're poisoning the soldiers. And what I don't, I'm still don't get the
I, know it's a sales pitch but, the insanity and the cognitive dissonance compared to the poisoning of the children and this this beautiful story. So part let me explain part of the story. Part of the story is we're doing everything we can to destroy existing small business and farms. But you have the guys who are excited about stable coins in the asset tokenization, in the Clarity Act coming out and saying, there are no more jobs. Everybody's gonna be an entrepreneur. You need to start a new business with all this wonderful cryptocurrency. Okay, so imagine there are two spaces. There's the independent income space, and then there's the, we use stable coins in crypto blockchain space. And what we're saying is we love small business. If it's in the digital concentration camp. Yeah. So you're we're, gonna, you're, there's gonna be plenty of money for you to start wonderful businesses in the digital concentration camp, but we're gonna shut down all the businesses over here and help move their market share into the big companies whose profit is being hurt by tariffs. What you just, described is pretty much YouTube. The vast majority of big channels on YouTube are just federally controlled. They're just agents. There's, they're frauds, right? They're working for the, they're working for the machine. That's what you've just described. So you can be small, but you're little tiny YouTube channel with. A hundred thousand or a million subscribers, whatever you're working for us, you're gonna read our script. That's what they do. But also over here you're gonna be under complete surveillance and we'll be able to harvest your equity daily. Over here we don't want independent income and, so we're gonna do everything. If you're a small farm to put you out of business and, if you're a small business, we're gonna regulate you or tax you or inflate you to death. Yeah. Anyway, so that's why the war to protect independent income, particularly at the state level, is so important. Yeah. And that is why you see at the state level, the preemption and things like the Clarity Act, the federal preemption, where it's like states, you can't even step in and try to regulate this area. This is ours. You stay out, we're going to, you we're, gonna have a plunder and we're gonna have a plunder that is unimpeded by any interference at the state of local level. But notice, notice the fashion, it's. It's young, it's hip, it's groovy. Oh yeah. This is cool. Yeah, this is cool. Yeah. It's cool to start a business in the digital concentration camp. It is, yeah, it is. Be hip. Be like these other cool characters over here. Okay, let's go to pushback. This is, undoubtedly my favorite story of the week. It's not even a story, it's just what's available if you don't this is like how do you get away from your smartphone? How do you get, how do you get away from smartphones? You get a dumb, you get a dumb phone, right? A dumb phone, a dumb wireless phone. So here is this'll. The link will be in the description. Uhhuh phones. Okay, so look at these guys. So here's just your standard bread and butter flip phone. Then you got some other, like early mar. This is just right before the smartphone started. The one that really caught my eye was this guy right here, because I had a phone like this. Is it a Blackberry? What is it? I don't it's an a GMM nine if it's $49. I like that. Almost as much as I like the Barbie phone. But this one, I like this 'cause it, it looks like that thing I don't know if that folds up or it flips out. I had one that sort of pulled out like a cash register drawer, Uhhuh. And it came and when it, when you flipped it out and pulled it out from the phone, it was a keyboard. And you and I could type text messages and that, that was lost. And eventually I was told the keyboards went the way, the dinosaur and Right. Anyway, so that's a whole page there of phones. I'm gonna be looking at this now. Some of 'em, let me show you. Go back here. Some of these phones, like this sleek phone here, they're not all really cheap. This one's $444. Yeah. But yeah. What's the price of. Being off the digital control grid. I don't know. Here's another one. It's four $39. So they're not necessarily cheap. But they're not smartphone, they're not tracking your heartbeat and your movements and your haptics and seriously. Everything. They're tracking all that stuff, right? Your stress level. They're watching you very closely. Yeah. Yeah. And listen, listening and they're getting, better. They're getting better at figuring out what you think too. When we come to er in the news, we're gonna show you one of the things we're trying to do about that. Oh, okay. Let's go to charts then, so we can hasten our arrival at er in the news, because we do, there is solarity news that ties right in with the dumb phones. Uhhuh. Let's go to charts, starting with a dollar index. More bad news. 1, 1, 1 reason Trump may have backed off of targeting or, softened his targeting of Powell is that Trump had said, I want a strong dollar, but the dollar is headed into the basement. So we're down at 97, we've broken the a hundred line clearly, and yeah. And if you, this is year to date. And so ever since the inauguration, the dollars headed steadily down. And I will say this, there's something even more important going on. You see a really deep, long-term shift by investors considering to move away from the US just because of the instability of the governance. So the US has been, we've been below a hundred now for basically two months solid. Wow. And, what's ex extraordinary is we, are falling despite the fact that interest rates are high. So if they they can, get a very attractive yield in in a treasury security or a us bank deposit. Yeah. And yet
the movement is the other way. Yes. That, that, that graph is very clear. But let's look at a series. Let's look at a bunch of assets, financial assets. Their market cap here. Look at this. So I keep because of when the Genius Act passed, there was so much promotion of cryptocurrency, and cryptocurrency is going to the moon, and we've covered this before. The entire crypto market is $4 trillion of which two and a half is Bitcoin. And then the other one and a half is, everything including the existing stable coins. Now the stablecoin is expected to grow tremendously and we'll see a real bifurcation between the sort of asset cryptos and the stablecoin cryptos. But I just wanna put all that propaganda in perspective. So I wanted to take a look at some of the other markets. So this, the stock market is about 150 trillion plus globally, depending on whose estimate you believe. And the bond market is about 220 trillion. Financial assets in all institutions globally is almost 500 trillion. But if you just wanna look at what else is the size of $4 trillion here we see the gold market is 23 trillion. Yeah, that's astonishing. And NVIDIA's stock, so Nvidia Chipmaker for artificial intelligence, their stock market capitalization, Nvidia loan is 4 trillion. Same as the total crypto market, but gold. But gold is almost six times as high. It's five plus times as high as number two. Wow. Right Now remember, these are just select financial assets and it's basically, it's 10 times as high as Bitcoin. Almost right close to it. And it's it's much broader based and it's a liquid market. The Bitcoin market is not a liquid market. And, but remember so we're looking at all financial assets worldwide at about 5 trillion
and 10%
of, 500 trillion it's not even 1%. So cryptocurrency is still a tiny market. Now, stablecoin should, obviously what, do you make of this? What do you make of Nvidia being ahead of Apple? Microsoft Google. I think that's very much, we're in an AI bubble and I don't think that AI bubble's gonna last. AI is what that is exactly right. It's an AI bubble, so when you see this, you should think 10 cents a kilowatt hour added to your electric bill, Right. If you look at the environmental damage and the
the, cost of the general economy of that whole move. Data centers and the AI and the control grid, it's a killer. Yeah. I absolutely believe one of the reasons they want the, they want Gaza is they want that land, they want that water, and they want that oil and gas for control grid.
Yeah, I think that's right. I think a secondary thing to think about here with Nvidia flying to the moon like this is that's a big component of the stock market. What happens when people say, Hey AI is maybe not all it's cracked up to, it's giving us wrong answers. It's deleting our data, it's taking up all this energy. Maybe it's not worth that much. You're looking so stock market could take a hit. You have in the 4 0 1 Ks and IRAs, you have an overbalancing into what's called the top seven. And it's backed off a little bit six months, eight months ago it was much worse. But there is a, serious over concentration in the companies that are building the control grid R
so anyway, so the, stock market, may I, see that and I'm like, okay when is correction time? So here's the thing. I think mish somebody like Mish or Carl think that is the market being fooled into thinking AI is gonna be more valuable than it is. And I disagree with that interpretation. I think it's the market knowing that the feds are gonna continue to pour money into these guys to build a control grid. In other words, their point of view would be market prices legitimate. Your point of view is, these, it's they're right. They're thinking it's a legitimate investment. It was never intended to make the private markets more efficient. It was intended to build a control machinery. Yeah, that, that's a good point. Is this is a manipulated market, right? That's a reflection of the manipulators at work. Here's the funny thing about this, and I saw another example of this the other day. When Buffet just pulled his money out of, I forget who it was somebody on the other side, but I was trained. You never finance your enemy. I even if you can get a double, a triple a quadruple, you never finance your enemy. Yeah. So I wouldn't touch any of these guys. Yeah.
Okay. Let's go to Solari in the news and follow up on the dumb phone story with. Faraday bags. So we I've been using Faraday Defense products for many years and finally Ricardo persuaded us let's put Solari Report on a Faraday Defense 'cause we all use 'em for our phones and in fact we're gonna send copies for the team. And so we got 50 and put it up at the store and it sold out in three hours. So we, ordered a hundred more and we put 'em up yesterday and, we were holding back 30 to send to the team. 'cause we wanted everybody in the team to have one. And many, of us have I have one of their, I have one of these, but without it saying the Solari Report. So last night after three hours, Ricardo called and he said, we're gonna sell out. And I said, release the 30, we'll make another order and we'll get the 30 from the next order. They were gone in another hour. So now we're out of stock again. I was gonna announce today that we were back in stock, but now we're out of stock again. Those, so to be clear, 30 Faraday bags went in an hour. No. Approximately. Yeah. Wow. Yeah, so they were gone in four to five hours, all a hundred. So we've ordered 250 now, and our team will have to wait for their 30. From the 250. It should take about a week anyway. But we'll have 'em back up in a week. But they're flying out. Now here's the thing, I I'm constantly at lunch with somebody and they're, we have to give them a Faraday bag, so they'll turn off their phone and put it in the Faraday bag. 'cause we wanna speak freely. Yeah. So I carry this with me everywhere. It's very convenient. 'cause you can bring your phone along, but you can, take precautions anyway. So in other words, what you're saying, turning your phone off isn't enough. It's not enough. It's not enough. Yeah. Anyway, so in the, days of phones with removal, batteries are behind us, I believe. Although I, don't know what the dump phone store has, so I don't know. They may have, yeah, I'm gonna be looking at that. Yeah. I'll still put it in a Faraday bag. Yeah. Yeah. Okay. Anyway alright, let's keep it going in solar in-house with looks like a term, so what I'm mind. Yeah. So we keep updating the, all the different things the current administration is doing to build the digital control grid. And it's mind boggling. It's pretty, they're going very quickly and there are many different aspects to this, but you can see it all here. So just to remind you, this is here and if you have recommendations of additional things we should put it in, please post in the comments. We just find it's very helpful to, to really track the actual control grid coming together. Yeah, boy. That's a valuable list. Okay, up next in the batting order is the wrapup on Stable coins. Yeah.
The, theme for this this quarter, for the second quarter Wrapup is the wonderful interview and piece by Mark Owin on Stable Coins, giving you the back background of everything that now we're saying to you about the Genius Act Pass. We, we mark wrote that right before the Genius Act passed, but he understood exactly what was happening and nothing has changed. So it's very, timely. But this the interview we're putting up is our interview with Joseph on the top stories of the quarter, and this is part two. We put up part one last week, and this is part two and it's a fascinating discussion. Very good. Yeah. Yeah, I didn't see Mark's name there. There's a quote there from The Wire, but that's Mark Goodwin. Huh? That's the inter, this is the interview with Joseph, but in the, in our news trends and stories we put together these long video lists of just shorties that we use for. And so it's a way of capturing the entire second quarter. For part one, we had, I don't know, about 10 or 15 videos in part two, about 10. So with 25 really short clips, you really you see a lot of what happens in the quarter. So the video lists are fun to go through. Very good. And there's, and those are short videos, right? Very short. Yeah. It's like that. Very short, yeah. Very punchy. Okay. Yeah. And right now you are obviously in the Netherlands, Right. But I gather from our next in-house solar that is soon going to change. Yes. So, I'm gonna be, everybody's been screaming at me. Come to California, So I'm gonna be in California and flying to San Francisco on the 26th. And we've got events. On the 28th and 29th in Tiburon. And because California is very high cost, we have to pay the venue and et cetera. So we're normally the host collect the money, but we're doing it. And we haven't sold a lot of tickets, so all you guys have been screaming at me to come to California, come buy tickets. 'cause I'd really love to see you. And we'll be in, we'll be in California for two meet and greets in the end of August. Tiburon. Where's Tiburon's? In Marin County, right across the Golden Gate Bridge from San Francisco. So it's Northern California, just a little bit. It's very short north of, San Francisco. Of the city. Yeah. It's beautiful. It's a beautiful, place. The last time I was anywhere near there was I went to the Skywalker Ranch, George Lucas's. Oh my word. Kind of compound. Yeah. I was working on bailout. That was beautiful. That's a beautiful property. Yeah, that is. Yeah. We were driving in. And saw wild turkeys, uhhuh just wander around and a fox wow, that's a fox, right? Yeah. No, that's beautiful. Yeah. I had a client whose estate was right next to Lucas'. This was 2012. Yeah. The gift shop there. He wanted $40 for a Star Wars t-shirt. Really? Yeah.
But that's it. For this week's money. And Marcus, that's it for in-house Sole. And I think we got two weeks now, right? So we got two weeks and I just warn everybody, we're all in the crosshairs, so this is gonna be a very interesting fall. And if we have a couple more weeks in summer to really fill up your joy bucket, now's the time to do it because the fall is gonna be absolutely wild. Yeah. Top off that gas tank. Okay. There you go. Okay, John. Thank you ladies and gentlemen. Thank you for joining us on the,
I You said I shouldn't call it the oasis of sanity. What is it? It's the it's the oasis of Clarity. Ah, the Oasis of Clarity. Much better.
Anyway, you have a wonderful two weeks, John, and I will see you in August. All right. See ya.
