WEBVTT 01:36.560 --> 01:37.160 Mark and Rose here. 01:37.880 --> 01:40.420 Welcome to Stages and Ruins Everything, 01:41.060 --> 01:43.720 something that we hope will be an ongoing series. 01:44.280 --> 01:48.300 And the first episode of Stages and Ruins Everything 01:48.700 --> 01:50.020 is about finances. 01:50.580 --> 01:52.200 So let's dive right into that. 01:52.640 --> 01:57.120 Picture this, you live in a happy, mostly free society 01:57.120 --> 02:00.100 and you want a sandwich and you look in your pocket 02:00.100 --> 02:03.080 and you have some money enough to buy a sandwich 02:03.080 --> 02:05.280 and you know where there's a sandwich shop. 02:05.720 --> 02:08.460 And it's even open, yay, mutually beneficial 02:08.460 --> 02:10.560 voluntary trade, here we come. 02:11.040 --> 02:13.600 However, there's no such thing as an actually perfect world 02:13.600 --> 02:16.440 and in the vicinity of the sandwich shop, 02:16.660 --> 02:18.640 there lives an unscrupulous thief 02:19.440 --> 02:21.540 who doesn't respect property ownership 02:22.080 --> 02:24.240 and isn't above using force or fraud 02:24.540 --> 02:27.520 to try to deprive you of what is rightfully yours. 02:27.820 --> 02:29.100 How might he do this? 02:29.300 --> 02:32.020 Well, he might sneak up behind you 02:32.020 --> 02:33.400 as you're headed to the sandwich shop 02:33.400 --> 02:35.620 and collaborate you over the head 02:35.620 --> 02:37.620 with a large stuffed pangolin. 02:38.580 --> 02:40.400 And then while you're writhing around on the ground, 02:40.500 --> 02:41.840 he grabs your money and runs away. 02:42.120 --> 02:44.700 Straightforward, simple, obvious way 02:45.280 --> 02:48.320 for thieving poop head to rudely deprive you 02:48.320 --> 02:50.480 of what is rightfully yours. 02:51.840 --> 02:55.100 Now, as anybody watching my channel already knows, 02:55.660 --> 02:59.140 if such thuggery is formalized and legalized 02:59.620 --> 03:01.980 and usually doesn't involve stuffed pangolins, 03:01.980 --> 03:03.800 then it's called taxation. 03:04.220 --> 03:06.660 We all know this, we're all familiar with that. 03:07.400 --> 03:10.400 You might get robbed while you're trying to shop 03:10.400 --> 03:12.420 and then it's called a sales tax. 03:12.580 --> 03:14.440 You might get robbed while you're earning money 03:14.440 --> 03:16.400 in the first place and then it's called an income tax. 03:16.800 --> 03:20.140 You might get robbed just if you're buying certain things 03:20.140 --> 03:22.320 from certain people or in certain places 03:22.780 --> 03:25.920 in which case it would be excise taxes or tariffs. 03:26.560 --> 03:29.400 Yes, tariffs or taxes, duh. 03:30.680 --> 03:34.220 But it's all just immoral thugs taking money from you. 03:34.600 --> 03:37.440 It's wrong, but the theft is pretty direct, clear, 03:37.700 --> 03:38.620 simple to understand. 03:39.220 --> 03:40.700 We're all familiar with all of that. 03:40.820 --> 03:43.200 I don't have to explain to people on this channel 03:43.200 --> 03:44.540 that taxation is theft. 03:44.740 --> 03:46.560 Okay, but now let's rewind. 03:46.940 --> 03:47.680 Let's start over. 03:47.880 --> 03:50.260 This time you head to the store with your money. 03:50.420 --> 03:51.800 There's no thief in sight 03:52.520 --> 03:54.400 and you make it to the sandwich shop 03:54.900 --> 03:58.220 and you buy a sandwich and you take the sandwich home 03:58.220 --> 03:59.920 and you eat the sandwich. 04:00.900 --> 04:02.840 Yay, there was no theft, right? 04:03.380 --> 04:03.900 Congratulations. 04:05.340 --> 04:08.620 Now, I know a bunch of you are already thinking, 04:08.840 --> 04:10.160 oh, it's about monetary policy 04:10.160 --> 04:11.100 and the Federal Reserve. 04:11.700 --> 04:13.680 I'm not getting into that entire thing 04:14.120 --> 04:15.640 in the discussion today. 04:16.360 --> 04:20.380 The fabricating money out of thin air and the Fed 04:20.380 --> 04:23.160 and their banks loaning out money they don't have, 04:23.760 --> 04:27.240 thus causing inflation, that is its own discussion. 04:27.240 --> 04:30.340 It is a massive fraud and a massive theft. 04:30.640 --> 04:32.420 Most of you are probably already aware of it. 04:32.820 --> 04:35.680 If you're not, go read Creature from Jekyll Island, 04:36.360 --> 04:40.040 G. Edward Griffin's book and then become aware of it. 04:41.800 --> 04:43.360 But I don't want to breeze over that. 04:43.540 --> 04:45.120 I don't want to downplay the scope 04:45.120 --> 04:48.340 of that monumental scam because it is massively huge. 04:48.520 --> 04:50.860 It's a huge way that almost everyone, 04:51.180 --> 04:55.360 anybody using dollars is having their buying power stolen 04:55.360 --> 04:59.420 from them and stealing their savings while it sits there 04:59.420 --> 05:02.520 if their savings is measured in dollars. 05:03.120 --> 05:04.040 Value's going down. 05:04.500 --> 05:05.880 So it's an enormous evil, 05:06.300 --> 05:08.480 but that particular fraud and theft 05:08.480 --> 05:11.480 isn't the focus of today's rambling. 05:11.740 --> 05:14.600 So I just wanted to say we're not doing that one today. 05:15.760 --> 05:18.020 Instead, for today's discussion, 05:18.120 --> 05:20.720 I want to look at a number of financial things 05:21.480 --> 05:24.260 through the lens of something that I will call 05:25.040 --> 05:26.940 what might have been. 05:28.980 --> 05:34.000 Because if you just look at the straight-up theft, 05:35.080 --> 05:36.160 it's very obvious. 05:36.340 --> 05:38.780 I mean, we use the example of the thief knocking you out 05:39.220 --> 05:40.740 with a large stuffed pangolin, 05:40.980 --> 05:42.100 then he runs off with your money. 05:42.360 --> 05:44.540 Obviously, what might have been, 05:44.740 --> 05:46.920 if that hadn't happened is you might still have your money 05:46.920 --> 05:48.260 and you can go buy a sandwich. 05:51.420 --> 05:54.940 But the way thieves behave, especially government thieves, 05:55.340 --> 05:58.060 can have a zillion other effects 05:58.060 --> 06:00.880 on what might have been that aren't so obvious 06:01.380 --> 06:03.360 and that most people don't even think about. 06:03.780 --> 06:04.740 We see the theft. 06:04.960 --> 06:05.680 You can look at your paycheck. 06:06.080 --> 06:06.960 Oh, they stole this much. 06:07.160 --> 06:09.500 But when you go to buy stuff, 06:09.600 --> 06:11.900 most people have no idea all the ways 06:11.900 --> 06:15.020 in which you got robbed even when you didn't get robbed, 06:15.180 --> 06:16.900 even when you can look at your money 06:16.900 --> 06:18.660 and spend your money and get a thing 06:18.660 --> 06:20.400 and think, okay, that time I didn't get robbed. 06:20.580 --> 06:20.880 Yeah, you did. 06:24.460 --> 06:26.020 So let's consider the scenario 06:26.020 --> 06:28.460 where you didn't get robbed directly by the thief 06:28.460 --> 06:29.880 and you went to buy a sandwich 06:29.880 --> 06:32.880 and you got the sandwich so you didn't get robbed, right? 06:35.660 --> 06:37.040 Imagine that you find out later. 06:37.220 --> 06:38.920 You didn't know this when you went and bought your sandwich 06:38.920 --> 06:41.240 that the thief has been going to the shop owner 06:41.860 --> 06:43.480 and extorting him on a regular basis, 06:43.640 --> 06:45.240 saying, if you don't give me a percentage 06:45.240 --> 06:47.640 of what you make here, I'm gonna break your kneecaps. 06:48.460 --> 06:51.180 So the owner has to raise prices to make up for that. 06:52.360 --> 06:55.620 Maybe he would have sold that sandwich to you for six bucks 06:56.800 --> 06:58.740 and happily so and made a profit 06:58.740 --> 07:00.420 but extortionist comes along and says, 07:00.460 --> 07:01.360 you have to give me this much. 07:01.780 --> 07:03.440 And the shop owner, even if he's nice 07:03.440 --> 07:05.120 and likes you and wants to have low prices, 07:05.260 --> 07:07.260 he says, well, if he's stealing this much, 07:07.760 --> 07:10.260 I have to raise prices or I don't make any money 07:10.260 --> 07:11.360 and I go out of business. 07:12.180 --> 07:14.020 So now he's selling it to you for $8. 07:14.020 --> 07:16.780 All you know when you walk in the store 07:17.380 --> 07:19.100 is you see the price, that's what it is. 07:19.120 --> 07:21.220 You have money, you decide whether to buy it or not. 07:21.920 --> 07:25.480 You have no reason to know what went into that price 07:25.480 --> 07:26.640 being that price. 07:27.160 --> 07:29.840 You might have no reason to think anything's wrong. 07:30.000 --> 07:32.080 Just, oh, he made a sandwich and I'm buying it 07:32.080 --> 07:35.020 and you don't know what it would have cost 07:35.020 --> 07:37.980 if not for the thuggery that was inflicted on him. 07:39.140 --> 07:41.200 So in that scenario, basically, 07:42.020 --> 07:45.440 the thief indirectly stole $2 from you 07:46.000 --> 07:48.860 because the shop owner passed on the theft to you 07:48.860 --> 07:50.640 because he had to to stay in business. 07:50.940 --> 07:53.220 So the $6 sandwich is now an $8 sandwich, 07:53.320 --> 07:55.640 but when you buy that, you don't know that. 07:55.720 --> 07:57.580 And I'm not even talking about attacks 07:57.580 --> 07:59.640 on the sandwich itself, that's a different thing. 07:59.740 --> 08:01.220 I'm talking about, he got robbed 08:01.220 --> 08:04.960 and to make up for that he had to raise his prices 08:05.760 --> 08:07.640 but you can go further back. 08:08.920 --> 08:11.620 So to aspects that maybe the shop owner 08:11.620 --> 08:12.680 doesn't even know about. 08:12.780 --> 08:15.180 So you have a sandwich, just a simple sandwich 08:15.180 --> 08:17.340 but has a number of ingredients in it. 08:17.860 --> 08:20.140 All the way along the supply chain, 08:21.800 --> 08:24.140 lettuce, cheese, ham, bread, whatever, 08:24.260 --> 08:25.900 all the way along the supply chain, 08:26.140 --> 08:29.360 if that thief or any number of other thieves 08:29.860 --> 08:31.620 are robbing people along the way 08:32.140 --> 08:35.760 and the shop owner, when he buys lettuce and ham 08:35.760 --> 08:39.080 and cheese and bread, all he knows is the price tag. 08:40.060 --> 08:42.060 So if every step of the way a thug is, 08:42.460 --> 08:45.320 or a bunch of different thugs are stealing a chunk 08:45.800 --> 08:49.140 of what's being made, by the time it gets to you 08:49.140 --> 08:51.440 and you buy the sandwich, half the price 08:51.440 --> 08:54.080 of the damn sandwich may be to make up 08:54.080 --> 08:57.020 for all the theft that's not just of the shop owner 08:57.020 --> 08:59.320 but all the ingredients that went into it, 08:59.400 --> 09:00.920 all of a hundred other things. 09:01.640 --> 09:04.780 So half of what you're paying for is the theft, 09:04.780 --> 09:06.000 is making up for the theft. 09:06.580 --> 09:08.980 So when you buy it, you are indirectly being robbed 09:08.980 --> 09:12.120 by the state or by private thugs 09:12.120 --> 09:15.880 in this hypothetical example, but you don't even see that. 09:15.980 --> 09:19.260 And most people are completely oblivious to that 09:19.760 --> 09:21.240 and don't know what's happening at all. 09:21.300 --> 09:23.440 They just think, I guess this is what just sandwich costs. 09:24.840 --> 09:27.580 But it isn't even just direct theft to you 09:27.580 --> 09:29.740 or the shop owner or the people who supply him 09:29.740 --> 09:32.620 with the ingredients, it gets worse than that. 09:33.540 --> 09:38.620 Let's say that shop owner buys bread from a certain source. 09:39.540 --> 09:42.000 And that certain source is a brother of the thief. 09:42.640 --> 09:44.960 And somebody else says, oh, I can make bread too 09:44.960 --> 09:46.740 and starts to open his own shop. 09:46.880 --> 09:49.140 And the thief goes, no, if I let you compete 09:49.140 --> 09:51.400 with my brother, my brother makes less money. 09:52.100 --> 09:55.420 So I burn down your shop or I beat you up 09:55.420 --> 09:56.400 and I chase you away. 09:56.780 --> 09:59.420 So the shop owner has to keep buying bread for my brother. 09:59.420 --> 10:02.780 He might have got bread at a better deal from this new guy, 10:02.780 --> 10:05.100 but I'm gonna make sure that new guy is never in business. 10:05.780 --> 10:08.280 So once again, if you are oblivious 10:08.280 --> 10:12.700 to what might have been, which is another bread shop, 10:13.720 --> 10:18.160 also producing stuff, you may have no idea. 10:18.480 --> 10:20.300 And the shop owner that you bought it from 10:20.300 --> 10:23.460 may have no idea that, oh, he could have gotten 10:24.020 --> 10:26.280 cheaper bread somewhere that was just as good 10:26.860 --> 10:29.340 if not for some thuggery, he didn't even know happened. 10:29.720 --> 10:31.020 It didn't happen in front of him. 10:31.100 --> 10:32.240 He didn't know it happened at all, 10:33.060 --> 10:36.620 but that still resulted in him having to pay more for bread 10:36.620 --> 10:38.800 and you having to pay more for the sandwich. 10:41.260 --> 10:43.340 So we're gonna do a bit of a tangent here. 10:43.480 --> 10:44.460 We'll get back to our thief. 10:46.100 --> 10:49.840 Something that mostly just economists think about 10:51.120 --> 10:53.260 is eliminated possibilities, 10:54.560 --> 10:57.340 things that relate to what might have been. 10:59.200 --> 11:01.940 If you only look at what did happen, 11:02.040 --> 11:03.180 like you're studying economics, 11:03.360 --> 11:04.820 you're seeing who buys what where, 11:05.340 --> 11:09.660 and you're viewing trade and production and all that, 11:09.900 --> 11:12.040 just by what actually happened, 11:12.060 --> 11:13.760 you will have nowhere near 11:13.760 --> 11:15.720 an actual understanding of economics. 11:17.000 --> 11:19.420 It's only when you take into account 11:19.420 --> 11:21.340 what would have happened 11:21.340 --> 11:23.340 if certain other things were different 11:23.840 --> 11:27.120 that you have any prayer of understanding economics. 11:27.600 --> 11:30.720 Because otherwise you get this very narrow, stupid, 11:30.860 --> 11:33.040 ignoring everything that came before viewpoint, 11:33.760 --> 11:37.300 which a lot of government economists do all the time. 11:38.140 --> 11:40.420 For example, some of you I'm sure have heard 11:40.420 --> 11:42.500 of the broken window fallacy. 11:43.200 --> 11:45.920 I don't know that anybody's actually argued it 11:45.920 --> 11:48.220 because it's so stupid, but it's sort of an example. 11:48.760 --> 11:51.800 If somebody says, oh, let's use our shop owner, 11:52.280 --> 11:55.960 sandwich shop owner, and some idiot kid ran by 11:55.960 --> 11:58.080 through a rock, threw his window, smashed, broke his window. 11:59.420 --> 12:01.560 Now, says the government economist, 12:01.800 --> 12:03.520 you might think that's a bad thing 12:03.520 --> 12:04.900 because he has a broken window, 12:05.220 --> 12:08.920 but wait, because this window company over here 12:08.920 --> 12:11.720 now has an opportunity to make some money 12:12.080 --> 12:14.380 by making a new window for the shop owner. 12:14.500 --> 12:15.480 Isn't that great? 12:16.130 --> 12:19.200 Like that's the economy that's buying and spending. 12:19.620 --> 12:25.040 That's, you know, the whole ridiculous spin they do. 12:26.320 --> 12:29.000 And most normal people who don't think about these things 12:29.000 --> 12:30.700 may not be able to say why that's stupid. 12:30.740 --> 12:33.480 They may sort of instinctively know that has to be stupid. 12:33.660 --> 12:36.320 It can't be good for society to just randomly break stuff. 12:36.820 --> 12:39.480 Even if it means some people will have jobs 12:39.480 --> 12:41.520 like fixing it or making new stuff 12:41.520 --> 12:42.920 that can't be the case. 12:43.500 --> 12:45.000 And of course, in that case, 12:45.140 --> 12:47.520 the obvious what might have been 12:48.080 --> 12:51.580 is if the shop owner didn't have to spend his money 12:51.580 --> 12:53.020 to get a new window, 12:53.520 --> 12:56.380 he could have spent his money on other things 12:57.280 --> 13:00.520 because he went from having a window to having a window. 13:00.920 --> 13:02.720 He had to spend money just to get back 13:02.720 --> 13:05.040 to where he already was fixing broken window. 13:05.200 --> 13:06.400 Yeah, the people who fixed windows 13:06.400 --> 13:07.640 made some money off of it. 13:08.440 --> 13:09.760 It was a net gain for them, 13:09.760 --> 13:12.780 but the breaking and the fixing was a net nothing 13:13.240 --> 13:14.840 for the shop owner was a net loss 13:14.840 --> 13:16.360 because he spent money just to get back 13:16.360 --> 13:17.400 to where he already was. 13:19.380 --> 13:22.700 And there's a hundred different ways to look at that. 13:23.980 --> 13:25.720 I could use the example of welfare, 13:26.060 --> 13:28.460 but to offend people and use the example 13:28.460 --> 13:29.600 of people in the military. 13:30.300 --> 13:32.440 If all those people whose job it is 13:32.440 --> 13:34.740 to roam around the world and act as violent thugs 13:34.740 --> 13:36.520 for the US ruling class, 13:36.780 --> 13:38.640 if they all got fired together, 13:38.640 --> 13:40.640 they were just banning the military, you're all fired. 13:40.780 --> 13:42.820 You don't get paid to be mindless thugs anymore. 13:43.640 --> 13:45.220 They might have to be productive. 13:46.160 --> 13:47.800 If they want to get paid, 13:47.900 --> 13:49.520 they might have to like do something, 13:49.680 --> 13:50.640 produce something of value 13:50.640 --> 13:52.380 that somebody wants to pay for. 13:52.760 --> 13:55.320 So you may get those however many thousands 13:55.320 --> 13:57.740 of almost several million, 13:57.880 --> 14:00.260 I think if you take it all the military up. 14:01.680 --> 14:03.740 How much production would have happened 14:03.740 --> 14:05.260 if those people weren't being paid 14:05.260 --> 14:06.420 to be thugs of the state? 14:08.120 --> 14:09.740 And then as another example, 14:09.900 --> 14:13.560 there's the issue of cutting off the lower rungs 14:14.200 --> 14:15.440 of the economic ladder, 14:15.580 --> 14:17.500 which is something that if it happens 14:17.500 --> 14:19.680 and people don't know what would have been, 14:19.860 --> 14:22.240 because they don't have a parallel universe to look at, 14:23.000 --> 14:25.580 they're just like, I don't know, I don't understand this. 14:26.120 --> 14:28.080 Minimum wage is a fine example. 14:28.780 --> 14:31.860 There are a huge number of unskilled people 14:32.660 --> 14:34.500 or it can be somebody in the country 14:34.500 --> 14:35.780 who doesn't speak the language 14:36.300 --> 14:37.520 or it can be young people, 14:37.780 --> 14:39.920 it can be young unskilled people, whatever, 14:40.580 --> 14:42.020 who say, well, I don't really have any skills, 14:42.160 --> 14:42.980 don't really know what I'm doing, 14:43.060 --> 14:44.320 but I can do some basic stuff. 14:44.540 --> 14:47.560 And if shop owner wants to pay me a few bucks 14:47.560 --> 14:49.360 to like sweep up at the end of the day, 14:49.480 --> 14:50.300 take the trash out, 14:50.400 --> 14:52.280 do a few dumb little things that I can handle, 14:54.400 --> 14:57.000 okay, that way this person with almost no skills 14:57.000 --> 14:57.820 can be productive 14:57.820 --> 14:59.220 and can get a little bit of money. 14:59.620 --> 15:01.760 Like value is produced in the world 15:01.760 --> 15:02.680 by him doing something. 15:02.880 --> 15:04.380 Then along comes the minimum wage 15:04.380 --> 15:05.760 and says, no shop owner, 15:05.880 --> 15:08.080 you're not allowed to pay that kid to do that. 15:09.120 --> 15:11.640 So that value never happened. 15:11.980 --> 15:14.160 The what might have been of that kid 15:14.160 --> 15:16.380 being actually useful, that's out the window. 15:17.100 --> 15:18.580 And he also didn't get paid 15:18.580 --> 15:20.700 and so he's not spending anything at the other end. 15:20.940 --> 15:22.560 Same thing with child labor laws. 15:23.080 --> 15:25.540 Now it's one thing like enslaving kids 15:25.540 --> 15:26.960 against their will and stuff, 15:27.580 --> 15:28.960 but I'll use my own example. 15:29.100 --> 15:30.960 I don't even know what the child labor laws 15:30.960 --> 15:34.880 were back when I was young, 8,000 years ago, 15:35.280 --> 15:38.620 but on weekends when I was 10, 12, whatever, 15:39.240 --> 15:42.500 I would do odd jobs for various people, 15:42.680 --> 15:44.220 like for an ant of mine and I would weed 15:44.220 --> 15:44.980 and I would mow the lawn 15:44.980 --> 15:47.380 and I would fix falling apart rock walls 15:47.380 --> 15:48.620 and all sorts of stuff. 15:48.900 --> 15:50.080 And I would get paid 15:50.080 --> 15:51.860 that may or may not have been illegal. 15:52.180 --> 15:52.940 I'm not sure. 15:53.180 --> 15:55.680 I am sure that nobody would have cared either way, 15:56.360 --> 15:59.520 but I produced value because I got paid to 15:59.520 --> 16:01.400 because either those laws weren't in place 16:01.400 --> 16:03.400 or they were being completely ignored. 16:04.380 --> 16:06.820 But if I was stopped from doing that, 16:07.020 --> 16:08.420 there's nothing to see. 16:09.220 --> 16:11.880 You don't see a lack of something that didn't happen. 16:12.400 --> 16:14.220 And so most people never think about 16:14.220 --> 16:16.220 the what might have been routine. 16:17.080 --> 16:18.340 They just look at the thing 16:18.340 --> 16:20.140 of what actually happened, who spent what, 16:20.320 --> 16:22.780 and then they think they have a view of economics 16:22.780 --> 16:24.800 and no, they don't at all. 16:24.800 --> 16:29.660 And of course there's eight million aspects of regulations 16:29.980 --> 16:33.220 and licenses and fees that interferes 16:33.220 --> 16:36.060 with the production of simpler, cheaper products. 16:36.300 --> 16:38.680 We're talking about food or vehicles 16:39.240 --> 16:40.860 or housing or whatever. 16:41.000 --> 16:42.200 And I'm gonna get into the specifics 16:42.200 --> 16:44.520 of a couple of them later on. 16:46.200 --> 16:49.700 If you look at the example of the gross, 16:49.860 --> 16:52.840 dangerous tent cities that appear 16:52.840 --> 16:55.080 in a lot of major cities, 16:55.540 --> 17:00.260 that is a direct result of limiting possibilities 17:00.260 --> 17:01.760 of government saying you're not allowed 17:01.760 --> 17:04.300 to do a cheaper version of this or this or that. 17:04.740 --> 17:06.080 And I know this personally 17:06.080 --> 17:08.700 because I've done exactly the work 17:09.160 --> 17:11.860 that would be involved that if not for government, 17:11.860 --> 17:16.140 I could very easily build very inexpensive housing 17:16.640 --> 17:17.760 for lots of people. 17:19.420 --> 17:21.040 But I'm not allowed to. 17:21.040 --> 17:23.120 Doesn't mean I wouldn't if I could get away with it, 17:23.120 --> 17:24.480 but I'm not allowed to. 17:24.680 --> 17:26.580 And it's stuff I know how to do myself. 17:26.880 --> 17:29.160 And I could make a profit doing it, 17:29.840 --> 17:32.280 even selling very simplified housing 17:32.280 --> 17:34.380 to people who have almost no money 17:35.100 --> 17:38.740 because the actual cost of producing that stuff, 17:39.320 --> 17:40.740 if you're keeping it really simple 17:40.740 --> 17:44.220 and not trying to abide by this billion page rule book 17:45.300 --> 17:46.380 is almost nothing. 17:46.720 --> 17:47.980 It would be really easy. 17:49.160 --> 17:51.900 But so most people don't think 17:51.900 --> 17:54.040 about the production side at all. 17:54.600 --> 17:58.320 The fact that there's this thing called supply side economics 17:58.320 --> 18:00.300 always makes me chuckle. 18:00.700 --> 18:02.080 That's just economics. 18:02.280 --> 18:04.000 If you don't have supply side, you don't have anything. 18:04.920 --> 18:08.160 But the fact that there's a phrase describing basically 18:08.160 --> 18:11.520 people who understand that is just amazing to me. 18:12.520 --> 18:17.100 The source of wealth and prosperity isn't money. 18:18.060 --> 18:20.060 Money is the measuring unit. 18:20.620 --> 18:23.180 And to some of you, this is gonna be obvious, 18:23.220 --> 18:25.100 but to most of the world, they've never thought about it. 18:25.140 --> 18:27.180 So I use ridiculous examples like, 18:27.700 --> 18:30.160 let's say you're on a desert islands, 18:30.260 --> 18:31.800 just sand, there's no fresh water, 18:31.900 --> 18:33.340 there's no shade, there's no food, 18:33.620 --> 18:36.600 but you have a million dollars. 18:36.960 --> 18:37.900 Are you rich? 18:39.460 --> 18:41.940 No, you're impoverished, you're gonna die 18:42.420 --> 18:45.220 on your pile of money because there's nothing to buy. 18:45.940 --> 18:47.700 Your money isn't worth anything 18:47.700 --> 18:49.700 if nobody will trade you anything for it 18:49.700 --> 18:51.240 and you have no food and you have no shelter 18:51.240 --> 18:52.340 and you're gonna die horribly 18:52.340 --> 18:53.940 in your pile of a million dollars. 18:54.000 --> 18:58.580 Obviously the money itself isn't the prosperity. 19:01.240 --> 19:02.880 But there are other examples 19:02.880 --> 19:04.580 that are a little bit more involved 19:04.580 --> 19:07.540 that most people would have to think about for a second. 19:08.260 --> 19:11.440 For example, we wanna boost the economy. 19:11.640 --> 19:13.300 When we wanna stimulate the economy, 19:13.300 --> 19:15.720 so what we're gonna do is we're gonna take a million people. 19:15.960 --> 19:17.600 We're gonna stand in a big circle, 19:18.080 --> 19:22.040 million people make a giant circle in the middle of someplace 19:22.800 --> 19:24.200 and here's what we're gonna do. 19:25.060 --> 19:28.480 Each person is gonna buy the shoes 19:28.480 --> 19:31.820 of the guy next to him for a thousand dollars. 19:32.920 --> 19:35.240 So I buy his shoes for a thousand dollars, 19:35.440 --> 19:37.460 he buys my shoes for a thousand dollars, 19:37.680 --> 19:39.580 you go all the way around the whole ring. 19:41.020 --> 19:43.920 Thinking of the buying and spending involved. 19:44.180 --> 19:47.600 I mean, what a brilliant way to stimulate the economy. 19:48.880 --> 19:51.480 Like just talking about a million people. 19:51.600 --> 19:53.540 So that's a billion dollars of spending 19:53.960 --> 19:55.580 and a billion dollars of income 19:55.580 --> 19:57.660 because I got a thousand bucks from the guy 19:57.660 --> 20:00.360 who bought my shoes and then I spent a thousand bucks 20:00.360 --> 20:01.480 to buy that guy's shoes. 20:02.100 --> 20:03.960 Well, hopefully you see where this is going. 20:04.220 --> 20:05.300 What's the end result? 20:07.920 --> 20:09.660 Everybody didn't gain, didn't lose 20:09.660 --> 20:12.720 because they got a thousand and they spent a thousand. 20:13.180 --> 20:15.360 So it's just, you can picture it as a thousand dollars 20:15.360 --> 20:16.600 went around in a giant circle. 20:17.360 --> 20:18.760 The outcome is lots of people 20:18.760 --> 20:20.260 have the wrong size shoes now 20:20.800 --> 20:21.820 because the shoes move. 20:22.260 --> 20:24.020 Did it produce any wealth? 20:24.580 --> 20:24.780 No. 20:25.500 --> 20:27.240 Is that gonna stimulate the economy? 20:27.420 --> 20:29.540 All that spending and all that buying, 20:29.720 --> 20:30.560 that's gotta help. 20:30.800 --> 20:33.860 No, it doesn't because zero actual value was produced 20:34.260 --> 20:36.760 and the fact that government economists 20:37.400 --> 20:39.000 don't even talk about this stuff. 20:39.000 --> 20:41.440 I don't know if they're so dumb, they don't understand it 20:41.440 --> 20:44.420 or they know full well, they're just spewing state as BS 20:44.420 --> 20:47.200 to make their political master sound good 20:47.880 --> 20:50.140 but it's just a demonstration that no, 20:50.240 --> 20:52.940 income and spending in and of itself 20:52.940 --> 20:54.420 is absolutely worthless. 20:55.160 --> 20:57.760 If nobody's producing anything of any value 20:57.760 --> 21:01.700 and of course in my million person loop scenario 21:01.700 --> 21:03.780 what would actually happen is government would say 21:03.780 --> 21:06.060 we're sticking a 6% sales tax. 21:06.740 --> 21:10.340 So every step of the way, we want 60 bucks from you. 21:10.700 --> 21:13.020 So what happened is money went around a big circle, 21:13.060 --> 21:15.600 nothing was produced and the government got $60 million 21:16.340 --> 21:18.340 stealing it from people who produced nothing 21:18.340 --> 21:19.360 and got nothing. 21:19.440 --> 21:20.940 That would be the actual outcome 21:21.340 --> 21:23.280 but most people don't think about these things at all 21:23.280 --> 21:26.140 because this falls into the realm of 21:26.140 --> 21:29.100 the what might have been thing of like, 21:29.100 --> 21:31.220 wait a minute, that doesn't do anything 21:31.220 --> 21:32.200 if you think about it. 21:34.240 --> 21:37.640 So look at what things negatively affect 21:38.100 --> 21:41.380 the production of actual value, 21:41.740 --> 21:44.460 stuff that people want, stuff that people 21:44.900 --> 21:47.860 like can use for stuff, not the currency 21:47.860 --> 21:49.460 because by itself that isn't anything. 21:50.120 --> 21:52.440 Eat some currency on a desert island until you die 21:52.440 --> 21:54.420 you'll find out the money isn't the value 21:55.220 --> 21:58.700 and if society, whatever group you're looking at 21:58.700 --> 22:01.380 or the whole planet isn't producing stuff of value 22:01.840 --> 22:03.440 you're doomed no matter what's happening 22:03.440 --> 22:05.020 with money flying around in circles 22:05.640 --> 22:07.400 because if people aren't producing housing 22:07.400 --> 22:09.580 there isn't housing if they're not producing food 22:09.580 --> 22:11.660 or harvesting it or whatever there isn't food. 22:12.640 --> 22:14.900 So we did the example of the thug 22:14.900 --> 22:21.060 eliminating the sandwich guy's competition 22:21.740 --> 22:24.700 or the competition for where he buys bread, sorry. 22:25.980 --> 22:27.660 So we don't get to see 22:27.660 --> 22:30.180 there would have been another guy making more bread 22:30.180 --> 22:31.680 which means there would have been more bread. 22:32.040 --> 22:33.860 More people could have had bread 22:34.640 --> 22:36.780 but because Thug made sure that guy 22:37.400 --> 22:39.560 was burned out of his business or chased him away 22:39.560 --> 22:41.660 or whatever so that shop owner has to buy 22:41.660 --> 22:43.800 from his brother making bread 22:44.700 --> 22:47.000 you don't see the loss in production 22:47.000 --> 22:50.220 from the thuggery that made the other shop not exist 22:50.880 --> 22:53.420 and you can't see a shop that doesn't exist 22:53.420 --> 22:56.100 because it doesn't exist 22:56.660 --> 22:58.720 and the number of things that don't exist 22:58.720 --> 23:00.740 because of government regulation and taxes 23:00.740 --> 23:01.820 and everything under the sun 23:01.820 --> 23:04.180 that would have been producing value 23:04.180 --> 23:08.440 is just astronomical but you don't see that 23:08.440 --> 23:09.920 so people who don't understand that 23:09.920 --> 23:12.420 never think about the what might have been routine 23:13.220 --> 23:15.520 have zero understanding of economics 23:15.520 --> 23:17.880 and zero understanding of how much the state 23:17.880 --> 23:19.620 really screws things up 23:20.780 --> 23:22.860 because they don't know what would have been. 23:24.280 --> 23:27.120 Another example is government interfering 23:27.120 --> 23:28.800 with cheap labor 23:29.600 --> 23:31.620 and there's this weird thing that like 23:31.620 --> 23:33.560 ah how dare there be cheap labor 23:33.560 --> 23:36.420 and unions by way of government 23:36.420 --> 23:39.120 have by way of government power 23:39.120 --> 23:43.020 have historically done a lot to try 23:43.020 --> 23:44.800 to stomp on the little guy 23:44.800 --> 23:46.440 make sure he can't get a job 23:46.440 --> 23:48.520 whether you're talking about immigrants 23:48.520 --> 23:50.880 or people who aren't in their union 23:50.880 --> 23:52.040 or whatever else 23:52.040 --> 23:55.400 so you picture like a pipe fitters union 23:55.400 --> 23:57.500 or something a bunch of plumbers whatever 23:58.560 --> 24:00.140 and they have their union 24:00.140 --> 24:01.280 they go to government and say 24:01.280 --> 24:03.160 we think it's dangerous to let anybody 24:03.160 --> 24:05.780 who isn't licensed by you 24:05.780 --> 24:07.580 Mr. government to do plumbing 24:08.120 --> 24:09.720 it's dangerous to let them do plumbing 24:09.720 --> 24:11.260 so we should make rules and regulations 24:11.260 --> 24:12.680 and have zoning crap and stuff 24:12.680 --> 24:14.520 that only people in our union 24:14.520 --> 24:17.560 I mean only people licensed by you to be plumbers 24:17.560 --> 24:18.780 can do stuff 24:19.740 --> 24:22.380 so what you don't see is all the people 24:22.380 --> 24:24.760 who maybe they've been an apprentice 24:24.760 --> 24:26.500 for a plumber and they know what they're doing 24:26.500 --> 24:29.840 they are absolutely skilled and competent 24:29.840 --> 24:31.900 but because they don't have the piece of paper 24:31.900 --> 24:32.680 and they don't have permission 24:32.680 --> 24:33.480 as a ruling class 24:33.480 --> 24:34.660 they don't get to do that 24:35.220 --> 24:38.600 so you don't get to see the 80 gazillion customers 24:38.600 --> 24:40.180 they would have had who 24:40.180 --> 24:42.220 A. saved money 24:42.840 --> 24:44.720 by paying for somebody who's less expensive 24:45.280 --> 24:48.160 and B. had that value produced 24:48.160 --> 24:49.800 of their plumbing is fixed 24:50.440 --> 24:51.840 instead that little guy 24:51.840 --> 24:53.560 doesn't get to fix anybody's plumbing 24:53.560 --> 24:54.920 so all that plumbing isn't fixed 24:55.460 --> 24:57.140 and they all have to pay more money 24:57.140 --> 24:59.680 for the union thugs 25:00.860 --> 25:02.580 and again I already talked about 25:02.580 --> 25:04.760 how the minimum wage does this 25:05.360 --> 25:08.200 where it's stomping out the competition 25:09.020 --> 25:10.440 and when you don't see the competition 25:10.440 --> 25:11.280 doing anything 25:11.280 --> 25:13.580 you don't realize the amount of productivity 25:13.580 --> 25:14.500 you just killed 25:15.120 --> 25:16.740 people actually producing value 25:17.480 --> 25:18.720 that didn't happen 25:19.380 --> 25:20.960 because of government regulation 25:21.860 --> 25:24.060 and I mean people complaining 25:24.060 --> 25:25.520 are the immigrants are coming 25:25.520 --> 25:27.980 and taking our georbs 25:28.460 --> 25:29.640 hey what does that mean 25:29.640 --> 25:31.240 it means that guy 25:31.240 --> 25:32.940 would have done what you're doing 25:32.940 --> 25:34.440 and he would have charged less 25:35.200 --> 25:36.620 and they have to bring in this 25:36.620 --> 25:38.300 stupid nationalist BS 25:38.300 --> 25:39.400 to make anybody think 25:39.400 --> 25:40.820 there's something horrible about that 25:40.820 --> 25:42.960 if you're capable of doing a job 25:42.960 --> 25:43.760 and that capable 25:43.760 --> 25:45.460 guys capable of doing a job 25:45.460 --> 25:47.020 and that person wants the job done 25:47.500 --> 25:49.460 and you charge twice what he does 25:50.180 --> 25:51.380 assuming you're both competent 25:51.380 --> 25:52.160 know what you're doing 25:52.900 --> 25:55.520 in what way is it better for society 25:55.520 --> 25:57.100 for you to like chase away 25:57.100 --> 25:58.360 the cheaper guy with a gun 25:58.360 --> 26:00.040 or have government chase away 26:00.040 --> 26:01.080 the cheaper guy with a gun 26:01.080 --> 26:04.120 all you did was cost the customer more 26:04.640 --> 26:06.320 and stop the cheaper guy 26:06.320 --> 26:07.840 from producing anything of value 26:08.740 --> 26:10.480 so the only people that 26:10.480 --> 26:11.760 that crap benefits 26:12.480 --> 26:13.220 is the people 26:13.220 --> 26:15.420 incapable of actually competing 26:16.200 --> 26:18.340 in a actually voluntary market 26:18.340 --> 26:20.460 nothing close to a voluntary market 26:20.460 --> 26:22.400 but the people incapable of competing 26:22.400 --> 26:24.240 they're the only ones that helps 26:24.760 --> 26:25.920 it hurts all the people 26:25.920 --> 26:27.420 who would have done the same job 26:27.420 --> 26:28.300 at a lower price 26:28.300 --> 26:30.780 and it hurts all of the customers 26:30.780 --> 26:31.540 of both 26:31.540 --> 26:33.400 because now there's just customers 26:33.400 --> 26:34.340 of the expensive guys 26:34.340 --> 26:35.580 and they all have to pay more 26:35.580 --> 26:37.060 because state violence 26:37.060 --> 26:39.740 did away with what might have been 26:40.360 --> 26:41.940 which is a bunch of people 26:41.940 --> 26:44.360 doing the same job for a lot less money 26:44.360 --> 26:45.980 and therefore costing the customers 26:45.980 --> 26:47.540 a whole lot less money 26:47.540 --> 26:48.820 but if it didn't happen 26:48.820 --> 26:50.040 and you don't see it 26:50.040 --> 26:52.140 most people are completely oblivious 26:52.140 --> 26:53.140 of how that works 26:53.140 --> 26:55.060 and therefore they're completely oblivious 26:56.040 --> 26:57.000 to economics 26:59.620 --> 27:01.440 and then welfare 27:01.440 --> 27:02.820 the example of welfare 27:02.820 --> 27:06.020 now obviously there's the stolen loot thing 27:06.020 --> 27:07.260 of hey how come I'm working 27:07.260 --> 27:08.160 and they stole my money 27:08.160 --> 27:09.040 and gave it to that guy 27:09.700 --> 27:10.820 now he has my money 27:10.820 --> 27:12.540 like I could have had my money 27:12.540 --> 27:13.900 and invested or spent it 27:13.900 --> 27:14.800 or whatever on myself 27:15.640 --> 27:18.580 the theft and stolen loot angle 27:19.080 --> 27:20.260 is kind of obvious 27:20.820 --> 27:21.920 but beyond that 27:21.920 --> 27:23.020 there's another step 27:23.020 --> 27:26.100 if government is paying millions of people 27:26.100 --> 27:28.700 to not be productive 27:29.500 --> 27:31.860 what does that do to the overall economy 27:32.520 --> 27:33.640 it isn't just 27:33.640 --> 27:35.100 hey you got some stolen loot 27:35.100 --> 27:36.640 it's you literally got paid 27:36.640 --> 27:38.720 to produce no value 27:38.720 --> 27:40.280 and if we catch you 27:40.280 --> 27:41.300 producing value 27:41.300 --> 27:43.180 well we're gonna stop giving you welfare 27:43.920 --> 27:45.180 the fact that it's 27:45.680 --> 27:47.280 openly a punishment 27:47.280 --> 27:48.700 for being useful 27:49.740 --> 27:52.440 so welfare isn't just stolen loot 27:52.440 --> 27:53.840 it's paying people to be 27:54.520 --> 27:55.440 lazy and useless 27:56.180 --> 27:57.120 and punishing them 27:57.120 --> 27:58.300 if they try to be useful 27:59.100 --> 28:00.680 and if you have again 28:00.680 --> 28:02.080 a simple analogy 28:02.080 --> 28:03.320 illustrates the point 28:03.320 --> 28:05.360 let's say you have a population of a country 28:05.360 --> 28:07.220 and 90% of them are on welfare 28:07.220 --> 28:08.820 sitting around oh we need 28:08.820 --> 28:09.500 where's government 28:09.500 --> 28:10.320 where's our handout 28:10.320 --> 28:11.800 so you have 10% 28:12.340 --> 28:14.440 trying to produce enough of value 28:14.440 --> 28:16.180 food, shelter, housing 28:16.180 --> 28:17.280 whatever else 28:17.960 --> 28:20.580 to take care of all 100% of the population 28:21.240 --> 28:21.840 well one 28:21.840 --> 28:23.120 they're going to be working their butts off 28:23.120 --> 28:23.660 and two 28:23.660 --> 28:26.080 the whole country is going to be really damn poor 28:26.080 --> 28:28.220 compared to what it would have been 28:28.840 --> 28:31.420 if you had 100% of people 28:31.420 --> 28:33.400 actually doing productive stuff 28:33.400 --> 28:35.240 actually doing useful things 28:35.240 --> 28:36.960 producing goods and services 28:36.960 --> 28:38.800 that other people want to pay for 28:39.700 --> 28:41.440 so it isn't just the theft 28:41.440 --> 28:43.460 it's you're literally paying people 28:43.460 --> 28:45.900 to be worthless economically speaking 28:47.260 --> 28:49.260 and people don't get 28:49.260 --> 28:51.720 how ridiculously prosperous 28:52.720 --> 28:55.180 any society the U.S. or anywhere else 28:55.180 --> 28:56.080 would have been 28:56.080 --> 28:57.280 if you didn't have government 28:57.280 --> 28:58.360 throwing money 28:59.000 --> 29:00.720 at people to do nothing 29:00.720 --> 29:02.620 or to be in the military 29:02.620 --> 29:04.380 or whatever else 29:04.380 --> 29:05.700 things that people wouldn't want 29:05.700 --> 29:06.800 to voluntarily pay for 29:06.960 --> 29:08.360 because they don't really value them 29:10.040 --> 29:12.580 so we're leaving behind our little thief 29:12.580 --> 29:13.520 example 29:13.520 --> 29:15.000 because now we're getting into things 29:15.000 --> 29:17.160 that only government can do 29:18.900 --> 29:21.360 mainly about not being allowed 29:21.360 --> 29:22.980 to produce alternatives 29:24.220 --> 29:26.420 so let's move from our little hypothetical 29:26.420 --> 29:28.380 oversimplified shop owner guy 29:28.380 --> 29:31.080 to buying a sandwich in the real world 29:31.080 --> 29:32.640 where there's a thousand factors 29:32.640 --> 29:34.000 like I like to simple it down 29:34.000 --> 29:35.740 so people can think in simple terms 29:37.520 --> 29:39.680 now I'm not going to try to cover all the factors 29:39.680 --> 29:41.920 because that would be exceedingly boring 29:41.920 --> 29:44.340 and also impossible to try to cover them all 29:46.360 --> 29:48.500 but I'm going to mention a few things 29:48.500 --> 29:50.180 just to try to get people's brains 29:50.180 --> 29:52.500 focused on the the whole thing 29:52.500 --> 29:53.640 of what might have been 29:53.640 --> 29:56.160 and how many options get demolished 29:56.160 --> 29:56.820 by government 29:56.820 --> 29:58.820 and so we don't see the results of them 29:59.400 --> 30:02.380 like the cost of legally selling food 30:03.460 --> 30:04.500 is astronomical 30:05.060 --> 30:07.000 I'm sure you've heard of the lemonade stands 30:07.000 --> 30:08.520 being shut down by cops 30:08.520 --> 30:10.760 I'm sure you've seen the videos of cops 30:10.760 --> 30:15.520 government says you're not allowed to make 30:15.520 --> 30:16.760 lemonade really 30:16.760 --> 30:18.100 like that's too complicated 30:18.100 --> 30:20.200 for us peasants to make 30:20.200 --> 30:21.860 without government pieces of paper 30:21.860 --> 30:22.920 saying we're allowed to 30:23.800 --> 30:24.820 so all the kids 30:24.820 --> 30:26.120 well you would have had lemonade 30:26.120 --> 30:27.300 on this night hot day 30:27.300 --> 30:28.720 if you wanted to come buy some lemonade 30:28.720 --> 30:29.700 and now you don't 30:30.560 --> 30:31.680 but you don't see it there 30:31.680 --> 30:32.800 you don't see the stand there 30:32.800 --> 30:34.400 you don't notice a lack of it 30:34.500 --> 30:36.400 unless you saw it being taken down 30:36.400 --> 30:36.920 you just 30:36.920 --> 30:38.200 you don't see that option 30:38.200 --> 30:39.400 because government made it 30:39.400 --> 30:40.440 not happen 30:40.440 --> 30:42.540 well back to the shit sandwich maker guy 30:43.020 --> 30:44.740 let's look at one factor 30:45.780 --> 30:47.080 tiny little factor 30:47.560 --> 30:49.340 which is the truck 30:49.980 --> 30:51.380 that brings the lettuce 30:51.380 --> 30:54.180 few hundred miles from wherever it's grown 30:54.740 --> 30:56.340 to the sandwich shop 30:56.340 --> 30:58.080 so the guy can put it in sandwiches 30:58.080 --> 31:01.680 just the delivery of just the lettuce 31:03.140 --> 31:04.240 how many ways 31:04.240 --> 31:06.840 if we're just looking at that tiny little speck 31:06.840 --> 31:08.520 how many ways is government violence 31:08.520 --> 31:10.080 making that more expensive 31:10.980 --> 31:12.600 well the guy who bought the truck 31:12.600 --> 31:14.820 probably paid sales tax on the truck 31:14.820 --> 31:17.240 give government some money 31:17.240 --> 31:19.060 for the privilege of having a truck 31:19.060 --> 31:20.280 that they didn't make 31:21.440 --> 31:23.280 so he has to charge a little bit more 31:23.280 --> 31:24.220 to bring the lettuce 31:24.220 --> 31:25.880 to the sandwich guy 31:26.360 --> 31:27.700 because he paid sales tax 31:27.700 --> 31:29.620 and then of course the taxes 31:29.620 --> 31:31.820 the excise taxes on fuel 31:31.820 --> 31:33.740 state, federal, there's piles 31:34.360 --> 31:34.800 of 31:35.940 --> 31:37.640 gas taxes that most people 31:37.640 --> 31:39.780 are oblivious about 31:40.720 --> 31:42.140 that's going to increase the cost 31:42.140 --> 31:43.540 it takes for him to go from here to there 31:43.540 --> 31:45.080 so he could have charged a little bit less 31:45.080 --> 31:46.720 to bring the lettuce to the store 31:46.720 --> 31:49.120 than he had to because of government 31:49.800 --> 31:51.480 the income tax paid 31:51.480 --> 31:53.140 by the driver who does that 31:53.680 --> 31:55.440 he might have been able to do that 31:55.440 --> 31:57.560 for a lower price if he didn't know 31:57.560 --> 31:59.640 that government was going to steal 31:59.640 --> 32:00.260 a chunk of it 32:00.260 --> 32:02.780 well to feed my family I'm not doing this job 32:02.780 --> 32:04.420 for this many dollars 32:04.420 --> 32:06.020 because government is going to steal that 32:06.020 --> 32:07.940 I need this many dollars to feed my family 32:07.940 --> 32:10.680 so I have to only do the job 32:10.680 --> 32:12.340 for this many dollars knowing 32:12.340 --> 32:13.740 the government is going to steal that 32:14.220 --> 32:16.400 which means it's going to cost you more 32:16.400 --> 32:18.300 to have me take my truck 32:18.300 --> 32:20.600 and deliver lettuce to the shop owner guy 32:21.820 --> 32:22.960 and then the license 32:22.960 --> 32:25.260 and fees of being a commercial driver 32:26.640 --> 32:27.080 imagine 32:27.080 --> 32:28.440 the cost of delivery 32:28.960 --> 32:29.760 without that 32:30.560 --> 32:33.020 some guy who lives a couple hundred miles away 32:33.020 --> 32:35.080 and goes okay I don't really have that many skills 32:35.080 --> 32:35.620 but 32:36.580 --> 32:37.820 I have an inverter 32:38.580 --> 32:40.840 that can make my truck have an outlet 32:40.840 --> 32:42.800 in the back and I have a refrigerator 32:43.380 --> 32:45.160 that I can put in the back of my truck 32:45.160 --> 32:46.740 might be a little sketchy 32:47.060 --> 32:49.160 but I can fit pretty much lettuce in that 32:49.160 --> 32:51.220 you can make pretty many sandwiches out of that 32:51.920 --> 32:53.060 so if I'm not 32:53.060 --> 32:55.000 paying income taxes and I don't have a fee 32:55.000 --> 32:56.120 and I don't have a license 32:56.680 --> 32:57.920 and let's say I 32:57.920 --> 33:00.520 got the truck without paying sales tax 33:00.520 --> 33:01.660 not sure how he did that 33:03.800 --> 33:04.840 if he could do 33:04.840 --> 33:05.740 all that stuff 33:05.740 --> 33:08.060 and didn't need government approval 33:08.060 --> 33:10.560 and he tells shop owner you know I can bring you 33:10.560 --> 33:12.840 the same lettuce from the same place 33:12.840 --> 33:14.720 and charge you way less 33:15.440 --> 33:16.980 shop owner goes okay cool 33:16.980 --> 33:19.040 shop owner can lower his prices 33:19.040 --> 33:20.860 except that doesn't happen because 33:20.860 --> 33:23.020 government violence made sure it didn't happen 33:23.020 --> 33:24.800 and that guy with the truck 33:24.800 --> 33:26.800 therefore doesn't produce that value 33:27.460 --> 33:28.580 and that's 33:28.580 --> 33:30.920 that's just the delivery of the lettuce 33:30.920 --> 33:33.000 in a sandwich there's an infinite number 33:33.000 --> 33:34.940 of these factors in every 33:34.940 --> 33:36.840 aspect of every product you buy 33:36.840 --> 33:37.380 everywhere 33:38.160 --> 33:40.620 and people don't get that that's cumulative 33:40.620 --> 33:41.840 that adds up 33:41.840 --> 33:44.540 so the price of almost everything you buy 33:44.540 --> 33:46.700 a huge portion of that 33:46.700 --> 33:48.060 you're just paying 33:48.060 --> 33:50.120 for what might have been 33:50.120 --> 33:52.080 but isn't because of government 33:52.080 --> 33:53.000 coercion 33:53.000 --> 33:55.900 and it becomes literally impossible to 33:55.900 --> 33:58.040 fully calculate what that actually would mean 33:59.420 --> 34:00.060 now 34:00.060 --> 34:01.700 I'm going to throw an example that I have personal 34:01.700 --> 34:03.640 experience of I mentioned earlier 34:03.640 --> 34:05.980 cheap housing oh what are we going to do about 34:05.980 --> 34:07.100 the homelessness problem 34:07.800 --> 34:08.500 abolish government 34:08.500 --> 34:10.080 I guarantee 34:10.900 --> 34:13.880 that will fix the problem entirely and completely 34:13.880 --> 34:15.900 and I know that from personal experience 34:17.640 --> 34:18.120 if 34:18.120 --> 34:19.220 I wanted to 34:21.080 --> 34:21.560 build 34:22.160 --> 34:23.580 a thing somebody's like 34:23.580 --> 34:25.440 I'm down on my luck I mean 34:25.440 --> 34:27.780 if somebody's totally bonkers it's a 34:27.780 --> 34:29.620 different thing in a number of homeless people 34:29.620 --> 34:31.980 have serious mental issues but if someone's 34:31.980 --> 34:33.760 just I'm down on my luck and I can't 34:33.760 --> 34:35.620 afford a place to live and you know I have 34:35.620 --> 34:36.900 some skill they can do some jobs 34:37.580 --> 34:39.760 I can build a very simple place for 34:39.760 --> 34:41.400 someone to live let's say 34:43.240 --> 34:43.720 8x8 34:43.720 --> 34:45.680 so it's just one little room has a door 34:45.680 --> 34:46.160 window 34:47.080 --> 34:49.100 it's plywood we'll have insulation 34:49.520 --> 34:50.980 and drywall and stuff 34:50.980 --> 34:53.760 we'll use a little battery LED lights that last 34:53.760 --> 34:55.740 for a zillion years you have a little propane 34:55.740 --> 34:57.520 heater so no plumbing no electricity 34:58.280 --> 34:59.920 like I could build that myself 34:59.920 --> 35:01.100 for under a thousand dollars 35:01.740 --> 35:03.580 so this person who's like well it's either 35:03.580 --> 35:05.460 live on the street I can't afford this or 35:05.460 --> 35:07.280 okay I can build you a house 35:07.280 --> 35:09.380 and not charging you a thousand dollars 35:09.380 --> 35:11.680 month like a thousand dollars once and then 35:11.680 --> 35:13.380 you have a thing on a property 35:14.140 --> 35:15.720 and of course doesn't have 35:15.720 --> 35:17.400 to be that simple okay okay I'll do 35:18.040 --> 35:19.540 three rooms and we'll have 35:19.540 --> 35:21.660 solar power and we have minimal 35:21.660 --> 35:23.740 electric like not heavy appliances 35:23.740 --> 35:25.520 and stuff we can do lighting and stuff we can 35:25.520 --> 35:27.300 put a composting toilet in there 35:27.300 --> 35:29.580 instead of having to poop in a bucket or something 35:30.380 --> 35:31.660 and we can do that for 35:31.660 --> 35:32.980 five grand or something 35:33.780 --> 35:35.720 anybody you know buying a house 35:35.720 --> 35:37.680 for five thousand dollars no 35:38.400 --> 35:39.380 well why not 35:39.380 --> 35:40.100 government 35:42.020 --> 35:43.560 anybody who's built anything 35:44.320 --> 35:45.660 like an addition or anything 35:45.660 --> 35:47.240 you don't have to build a whole house just anything 35:48.600 --> 35:49.400 is going to be 35:49.400 --> 35:51.420 somewhat aware of building codes and just how 35:52.320 --> 35:53.280 ridiculously complex 35:53.280 --> 35:55.240 they are like here's the UN 35:55.240 --> 35:57.320 approved building code I forget what 35:57.320 --> 35:58.260 that there's a 35:59.300 --> 36:01.100 letters and numbers that here's the 36:01.100 --> 36:03.340 the uniform code of blah blah blah 36:03.340 --> 36:05.440 80 trillion pages long 36:05.440 --> 36:07.340 that you have to do all these 36:07.340 --> 36:08.620 things to build 36:08.620 --> 36:11.140 a house and the vast majority 36:11.140 --> 36:13.180 of them have nothing to do with actual 36:13.180 --> 36:13.700 safety 36:15.360 --> 36:17.000 and because like 36:17.000 --> 36:19.180 my house that had no plumbing and no electric 36:19.180 --> 36:21.280 like there's not going to be 36:21.280 --> 36:23.220 a problem there now but we require 36:23.220 --> 36:25.440 you to have electric and plumbing and all these things 36:25.440 --> 36:27.020 and this gigantic 36:27.020 --> 36:29.240 list of all the things you have to do specifically 36:29.240 --> 36:31.260 for that that we're going to pretend are for safety 36:31.260 --> 36:33.260 even if you just didn't do them 36:33.260 --> 36:35.400 now I have a personal 36:35.400 --> 36:37.280 example that I experienced 36:37.280 --> 36:37.920 myself 36:39.180 --> 36:41.340 I built an addition on the back 36:41.340 --> 36:43.440 of my parents house many years ago took 36:43.440 --> 36:44.620 ages I actually have another 36:45.260 --> 36:47.780 book called parasites on parade 36:47.780 --> 36:49.220 which is about dealing 36:49.220 --> 36:51.480 with the local parasites getting 36:51.480 --> 36:53.420 in the way of this but 36:53.420 --> 36:55.200 so existing house 36:55.200 --> 36:57.300 the addition was as big as the existing 36:57.300 --> 36:59.040 house was so it was basically doubling the house 37:00.000 --> 37:01.460 giant concrete slab 37:01.460 --> 37:03.140 and then a steel structure 37:03.140 --> 37:05.160 steel siding and then inside that 37:05.160 --> 37:07.200 stud walls to build a house 37:07.200 --> 37:09.260 and plumbing and electric we got all the 37:09.260 --> 37:11.000 permits and jumped through all those hoops 37:11.000 --> 37:13.320 and went through all that ridiculousness 37:13.320 --> 37:15.500 but the example I want to bring up 37:15.500 --> 37:17.400 is in the foundation 37:17.960 --> 37:19.100 normally you have the 37:19.100 --> 37:21.040 concrete footing and then you have a 37:21.040 --> 37:23.400 cinder block wall this is in Pennsylvania so 37:23.400 --> 37:25.160 there's a frost line that 37:25.160 --> 37:26.960 actually exists you have to go down a certain amount 37:26.960 --> 37:29.300 cinder block wall that'll usually go down 37:29.300 --> 37:31.260 like four feet to footings and then 37:31.260 --> 37:33.240 there that's that you build on top of that 37:34.680 --> 37:35.280 except 37:35.280 --> 37:36.900 they said oh well we put in the government 37:36.900 --> 37:39.380 formulas they said your wall 37:39.380 --> 37:41.120 has to go down 12 feet 37:41.920 --> 37:43.560 like that's underneath 37:43.560 --> 37:45.400 the basement of the existing 37:45.400 --> 37:46.760 house like 37:46.760 --> 37:49.280 we're not having an abasement in the 37:49.280 --> 37:51.000 addition it's just a slab 37:51.840 --> 37:53.400 well the formula say you 37:53.400 --> 37:54.940 have to do it the fact 37:54.940 --> 37:57.340 the thing that made this most amazing 37:57.340 --> 37:59.440 is that the inspector 38:00.580 --> 38:01.580 and the architect 38:01.580 --> 38:02.900 and the engineer 38:03.440 --> 38:05.000 and the people pouring the footing 38:05.000 --> 38:06.800 who do this professionally 38:07.500 --> 38:08.840 all of them said 38:09.300 --> 38:11.120 this is ridiculous overkill 38:11.720 --> 38:13.440 this is stupid idiotic 38:13.440 --> 38:15.420 waste you don't need to go 12 feet underground 38:15.420 --> 38:17.400 for this this is dumb well but 38:17.400 --> 38:19.320 there's a formula about the height and this 38:19.320 --> 38:21.560 and that and putting the formula on government 38:21.560 --> 38:23.540 says you have to so literally everybody 38:23.540 --> 38:25.460 involved including the government inspector 38:25.460 --> 38:27.380 said this is overkill and unnecessary 38:27.380 --> 38:28.820 but you have to do it 38:29.360 --> 38:31.380 even the people in government admit you have to do 38:31.380 --> 38:33.000 it even though it's dumb and unnecessary 38:34.380 --> 38:35.380 so we had to pay 38:35.380 --> 38:37.360 way more to have them 38:37.360 --> 38:39.400 dig down 12 stinking feet 38:39.400 --> 38:41.180 to put this massive wall in 38:41.180 --> 38:43.320 to then bury over it 38:44.280 --> 38:46.100 which created zero value 38:46.580 --> 38:47.780 little four foot wall 38:47.780 --> 38:48.940 or whatever it would have been 38:49.960 --> 38:52.020 does exactly what needed to be done 38:52.620 --> 38:54.360 so it was us having to pay 38:54.360 --> 38:56.520 I forget how many thousand more dollars 38:57.180 --> 38:58.460 which slowed down 38:58.460 --> 38:59.420 the project some more 38:59.420 --> 39:02.080 how much we had to pay just to put it 39:02.080 --> 39:03.800 completely unnecessary wall in 39:03.800 --> 39:05.900 that everybody agreed was completely unnecessary 39:06.520 --> 39:07.880 and produced no 39:08.480 --> 39:10.000 value it didn't increase 39:10.320 --> 39:12.260 anything it didn't make anything better 39:13.320 --> 39:13.840 and 39:14.320 --> 39:15.700 so and that you know I'm sure 39:15.700 --> 39:17.820 a zillion of you have your own stories about that 39:17.820 --> 39:20.220 and then there's the issue of occupancy 39:20.220 --> 39:21.900 permit that this all rests on 39:22.520 --> 39:24.280 you're not allowed to live 39:24.280 --> 39:26.720 in a thing even a thing on your own property 39:26.720 --> 39:28.680 without the permission of government 39:29.240 --> 39:30.340 and for something 39:30.340 --> 39:31.340 to be a residence 39:32.080 --> 39:34.360 the requirements for that 39:34.360 --> 39:36.180 are just insanely complicated 39:36.180 --> 39:38.060 again you're not allowed 39:38.060 --> 39:40.260 to live in super cheap housing so little 39:40.260 --> 39:42.140 basic thing that I just described 39:42.140 --> 39:43.900 you're not allowed to live in that it doesn't have plumbing 39:43.900 --> 39:45.680 it doesn't have electric so 39:46.100 --> 39:48.020 he's gonna like sleep in the gutter 39:48.020 --> 39:50.920 because you're not allowed to live in this little box 39:50.920 --> 39:52.340 that's at least insulated 39:52.340 --> 39:54.380 and heated and stuff really 39:54.380 --> 39:55.920 yeah and it has to have this 39:55.920 --> 39:58.620 the required electrical the required plumbing 40:00.920 --> 40:02.580 and when you make it 40:02.580 --> 40:04.380 so that the talk about chopping 40:04.380 --> 40:05.940 off the bottom rungs of the ladder 40:05.940 --> 40:08.280 you're just making it so a place 40:08.280 --> 40:10.240 to live cannot be 40:11.000 --> 40:12.640 inexpensive because it has to 40:13.260 --> 40:14.320 you know fulfill 40:14.320 --> 40:15.800 all these stupid requirements 40:16.620 --> 40:18.520 so the 80 bazillion cheap 40:18.520 --> 40:19.900 easy houses that 40:19.900 --> 40:21.420 might have been 40:21.420 --> 40:23.380 if not for government violence 40:23.380 --> 40:25.360 they just don't exist and you don't see them 40:25.360 --> 40:27.660 and then there's the people who actually did the tiny 40:27.660 --> 40:29.640 house thing and government showed up 40:29.640 --> 40:31.540 and shut them down you have to knock them down 40:32.580 --> 40:33.660 because they're whining 40:33.660 --> 40:35.680 about zoning and whatever else 40:36.540 --> 40:37.460 and so 40:37.460 --> 40:39.380 you know for my personal experience 40:39.380 --> 40:41.940 yes I can personally build stuff that people 40:41.940 --> 40:43.700 could easily live in way less 40:43.700 --> 40:45.400 expensively than anybody else 40:45.400 --> 40:47.680 and I'm certainly not the only one there are 80 gazillion 40:47.680 --> 40:49.700 people who could be doing this and could 40:49.700 --> 40:51.500 be adding this value to the world 40:51.500 --> 40:53.540 but we're not on tail because 40:53.540 --> 40:55.820 of government and because of coercion 40:55.820 --> 40:57.740 but people just think well the cost 40:57.740 --> 40:59.660 of housing is 40:59.660 --> 41:01.800 so high okay let me list 41:01.800 --> 41:03.740 for you all the reasons the cost of housing is 41:03.740 --> 41:04.940 so high government 41:08.640 --> 41:09.800 literally that's all 41:10.620 --> 41:11.660 because if you were allowed 41:11.660 --> 41:13.780 to buy a piece of land and if the 41:13.780 --> 41:15.840 government wasn't stealing a bunch and just 41:15.840 --> 41:17.200 build a little thing to live in 41:17.200 --> 41:19.380 you might build a really simple thing and go 41:19.380 --> 41:20.640 well that's what I have right now 41:20.640 --> 41:22.580 but if I work my butt off and have a job 41:22.580 --> 41:24.320 then we can add to it and expand to it 41:24.320 --> 41:26.640 and make it something less pathetic 41:26.640 --> 41:27.660 and the end result 41:27.660 --> 41:30.480 of all the government coercion 41:30.480 --> 41:31.920 is like the tent cities 41:33.060 --> 41:34.740 where they're still illegal 41:34.740 --> 41:36.620 they still get barged into and chased out 41:36.620 --> 41:37.580 and stuff 41:38.440 --> 41:40.440 and there are a million other examples 41:40.440 --> 41:43.300 I'm just going to mention them and breeze over them 41:43.300 --> 41:43.620 um 41:45.300 --> 41:47.240 because you could go into the details of every 41:47.240 --> 41:49.280 one of these for hours on end and I don't 41:49.280 --> 41:50.980 want to do that and you don't want me to do that 41:51.660 --> 41:53.280 medical care is a huge one 41:53.280 --> 41:55.220 because government licenses that 41:55.220 --> 41:57.400 sort of things because you have the FDA 41:57.400 --> 41:58.420 and the CDC 41:58.980 --> 42:01.300 and the AMA is one of the biggest donors 42:02.040 --> 42:03.240 politically to make sure 42:03.240 --> 42:04.520 they don't have competition 42:05.620 --> 42:07.280 um so the number of people 42:07.280 --> 42:09.180 who could do simple I mean there's tons 42:09.180 --> 42:11.000 of people who are like veterinarians 42:11.000 --> 42:12.680 who they know how to set a bone 42:12.680 --> 42:14.240 they know how to do a bunch of basic stuff 42:14.240 --> 42:16.600 but they're not allowed to do that for people 42:17.660 --> 42:19.180 without a special piece of paper 42:19.180 --> 42:20.780 that's going to cost a bunch and you have to 42:20.780 --> 42:22.380 jump through a bunch of hoops 42:23.020 --> 42:24.980 and so all that production 42:24.980 --> 42:26.980 of simpler medical things that doesn't 42:26.980 --> 42:28.840 happen because 42:28.840 --> 42:30.980 government is just 42:30.980 --> 42:32.340 it's something most people don't think about 42:32.860 --> 42:34.920 car manufacturers making vehicles 42:35.660 --> 42:36.920 like a cheap vehicle 42:36.920 --> 42:37.500 is 42:38.640 --> 42:39.540 15,000 42:39.540 --> 42:41.440 what are they what's sort of the low end 42:41.440 --> 42:42.200 of a new vehicle 42:42.860 --> 42:45.440 used to I think Saturn a billion 42:45.440 --> 42:47.200 years ago when I got one 42:47.200 --> 42:49.580 the only new car bought my entire 42:49.580 --> 42:51.140 life I think it was like 12 something 42:51.840 --> 42:53.520 wow only $12,000 42:53.520 --> 42:55.780 it would be less than half that 42:55.780 --> 42:57.580 if there wasn't this big 42:57.580 --> 42:59.660 laundry list of unnecessary 42:59.660 --> 43:01.500 crap that you have to put into a 43:01.500 --> 43:03.100 car to call it a car 43:03.880 --> 43:05.300 and the you know 43:05.300 --> 43:07.320 people who make minibikes can tell you that 43:07.320 --> 43:08.100 well it's the 43:08.100 --> 43:10.760 lawn mower engine attached to a little thing 43:10.760 --> 43:13.120 yeah maybe don't go on the highway with that 43:14.040 --> 43:15.420 but if the goal 43:15.420 --> 43:17.000 is actually making cheap 43:17.000 --> 43:19.160 transportation it would be really 43:19.160 --> 43:21.340 easy for there to be way cheaper 43:21.340 --> 43:22.940 stuff and 43:22.940 --> 43:25.060 of course what government's going to say 43:25.060 --> 43:26.500 and what they're going to convince other people 43:26.500 --> 43:28.180 what about safety concerns 43:28.800 --> 43:31.080 there'll be dangerous exploding vehicles 43:31.080 --> 43:33.160 in the healthcare people's heads will fall off 43:33.160 --> 43:35.180 and never mind that the licensed 43:35.180 --> 43:36.980 ones are like the leading cause 43:36.980 --> 43:37.840 of death in the country 43:38.580 --> 43:40.900 safety concerns it won't be safe if you don't 43:40.900 --> 43:42.500 have government regulating everything 43:43.100 --> 43:45.080 which is just patently ridiculous like people 43:45.080 --> 43:46.980 want to know that what they get is safe 43:46.980 --> 43:49.420 they used to be a thing they might still exist 43:49.900 --> 43:50.620 probably not 43:51.160 --> 43:52.600 called underwriters laboratories 43:53.080 --> 43:53.880 UL listing 43:54.440 --> 43:56.920 where people would make an appliance and would send 43:56.920 --> 43:58.960 them one and go here's our thing and they go okay 43:58.960 --> 44:00.720 we're an independent company we're going to test it 44:00.720 --> 44:03.040 see if we can find things that might be unsafe 44:03.040 --> 44:04.540 if we find something we write back 44:04.540 --> 44:06.220 and say yeah you're plugged back here 44:06.220 --> 44:07.760 if you grind back and forth it might 44:08.680 --> 44:10.560 whatever you need to do something about that 44:10.560 --> 44:12.520 we're not giving it our stamp of approval 44:12.520 --> 44:14.140 until you do that okay we'll fix that 44:14.140 --> 44:16.380 or they say yep we tested the hell out of it's good 44:16.380 --> 44:18.360 Bunk has the UL listing 44:18.360 --> 44:19.980 little UL logo on it 44:20.440 --> 44:22.740 that you all people will recognize 44:22.740 --> 44:24.480 you whipper staffers might not know 44:24.480 --> 44:26.380 what I'm talking about that was all private 44:27.040 --> 44:27.920 because people 44:28.800 --> 44:30.140 sears and you know 44:30.140 --> 44:31.400 all the people 44:32.180 --> 44:33.300 making and selling 44:34.540 --> 44:35.840 appliances know that their 44:35.840 --> 44:38.080 customers are like okay but is this thing safe 44:38.680 --> 44:39.960 and if UL listing 44:39.960 --> 44:41.880 says yep we went to the trouble 44:41.880 --> 44:43.860 to make sure it's safe now you have 44:45.040 --> 44:46.040 consumer reports 44:46.040 --> 44:48.160 you have a zillion different magazines 44:48.160 --> 44:50.120 about cars about everything under the sun 44:50.120 --> 44:52.120 where we test these things to see what we think 44:52.120 --> 44:53.800 about them and give these 44:53.800 --> 44:55.900 unbiased reviews we don't take ads and stuff 44:55.900 --> 44:57.760 because then we're going to be biased 44:57.760 --> 45:00.080 and stuff because people want to know if they're safe 45:00.080 --> 45:01.660 they want to know if the products good and 45:01.660 --> 45:04.080 at this point I mean Yelp reviews 45:04.080 --> 45:05.080 are more reliable 45:05.780 --> 45:07.680 safety measure than government 45:07.680 --> 45:09.920 regulations are because people want things 45:09.920 --> 45:12.060 safe now when people 45:12.060 --> 45:14.000 are poor they care less about that 45:14.000 --> 45:15.920 just give me a shelter so I'm not getting 45:15.920 --> 45:17.360 snowed on tonight please 45:18.460 --> 45:19.760 and as they get more 45:19.760 --> 45:21.660 prosperous if government is out of the way 45:21.660 --> 45:23.860 they can care more and more about 45:23.860 --> 45:26.200 safety and about the environment 45:26.200 --> 45:27.880 oh I want to buy the tuna fish 45:27.880 --> 45:29.480 that doesn't kill dolphins 45:29.480 --> 45:31.860 yeah okay well if you're starving to death 45:31.860 --> 45:33.500 that's probably not your top concern 45:33.500 --> 45:35.680 the prosperity that government 45:35.680 --> 45:36.700 prevents 45:37.600 --> 45:39.900 allows people to care about all those 45:39.900 --> 45:42.040 make sure it's super safe and it's super nice 45:42.040 --> 45:43.760 it's nice the environment and whatever other 45:43.760 --> 45:45.640 things that people care about 45:45.640 --> 45:47.760 but if they don't happen and people 45:47.760 --> 45:49.760 don't understand what 45:49.760 --> 45:51.560 things would have been without the 45:51.560 --> 45:53.840 government interference then people 45:53.840 --> 45:55.640 have no grasp on how economics 45:55.640 --> 45:57.640 works because most 45:57.640 --> 45:59.720 people just think well the price of a 45:59.720 --> 46:01.440 car a sandwich or whatever 46:02.080 --> 46:03.780 that's just how things are that's just 46:03.780 --> 46:05.580 natural this whatever this price tag 46:05.580 --> 46:07.560 is that's just the natural 46:07.560 --> 46:09.600 outcome of people trading 46:09.600 --> 46:11.640 and producing and stuff and no it 46:11.640 --> 46:13.800 isn't the vast majority of it 46:13.800 --> 46:15.660 is a direct or 46:15.660 --> 46:17.780 an indirect result of government 46:17.780 --> 46:19.600 interfering every step of the way and 46:19.600 --> 46:21.400 they have no idea what things would cost 46:21.400 --> 46:23.260 without all of that 46:24.040 --> 46:25.080 state interference 46:25.600 --> 46:27.320 and I'll throw in a couple more examples 46:28.100 --> 46:29.640 um before I wrap things 46:29.640 --> 46:31.100 up here cost of living 46:31.960 --> 46:33.720 I mean I remember when I was younger 46:33.720 --> 46:35.160 and I was like wait a minute 46:35.160 --> 46:37.560 so over here it's really expensive 46:37.560 --> 46:38.880 live groceries are expensive 46:39.460 --> 46:41.580 right over here 100 miles away 46:41.580 --> 46:43.380 everything's way less expensive 46:43.380 --> 46:45.560 so I mean one example 46:45.560 --> 46:47.760 is Arizona and Mexico which I've seen 46:47.760 --> 46:49.640 I've been down in Mexico and things cost 46:49.640 --> 46:51.500 a tiny fraction of what they cost here 46:51.500 --> 46:53.460 and I remember when I was younger thinking 46:53.460 --> 46:54.300 well wait a minute 46:55.380 --> 46:57.500 what if a guy had a truck 46:58.000 --> 46:59.900 and he walks into the Walmart 46:59.900 --> 47:01.660 where the cost 47:01.660 --> 47:03.660 of living is really low and buys a bunch of stuff 47:03.660 --> 47:05.040 and then drives it over here 47:05.040 --> 47:06.700 and sells it to those people 47:07.280 --> 47:09.260 for way less than they'd have to pay 47:09.260 --> 47:11.600 at the Walmart over there why didn't he just do that 47:12.260 --> 47:13.680 good question the answer 47:13.680 --> 47:15.760 is because you're not allowed to because government 47:16.600 --> 47:17.740 most of the cost 47:17.740 --> 47:20.260 of living is a result of government interference 47:20.260 --> 47:21.980 because otherwise you would just 47:21.980 --> 47:22.620 do that 47:23.720 --> 47:25.540 somebody would say well I have a truck 47:25.540 --> 47:27.760 I can drive that stuff over 47:27.760 --> 47:29.880 to there and sell it for cheaper than they're selling 47:29.880 --> 47:31.840 it right now and that sort of thing 47:31.840 --> 47:33.660 would level itself out 47:34.800 --> 47:35.600 if not 47:35.600 --> 47:37.500 for the state interference 47:38.360 --> 47:38.880 um 47:40.040 --> 47:41.700 and I already mentioned that the cheap 47:41.700 --> 47:42.600 immigrant labor 47:44.300 --> 47:45.000 that hurts 47:45.700 --> 47:46.660 like government 47:46.660 --> 47:48.300 preventing that hurts everybody 47:48.300 --> 47:50.580 except the people who offer a 47:50.580 --> 47:52.600 worse deal the people who would do the job 47:52.600 --> 47:54.700 at a worse price they're the only ones 47:54.700 --> 47:57.020 who benefit from government stomping 47:57.020 --> 47:58.680 on the cheap immigrant labor 47:58.680 --> 48:00.620 like those people would have been 48:00.620 --> 48:02.220 productive and they would have gotten a paycheck 48:02.220 --> 48:04.580 and all their customers would have paid less 48:04.580 --> 48:06.540 and if they wanted to pay more 48:06.540 --> 48:08.600 for the other guy because they thought he was more skilled 48:08.600 --> 48:10.600 because they wanted to support Merica 48:10.600 --> 48:11.680 you can do that too 48:12.700 --> 48:14.280 unless government comes along 48:14.280 --> 48:15.880 and tells you you have to do that 48:18.000 --> 48:18.560 so 48:18.560 --> 48:20.740 I do want to make a quick mention 48:20.740 --> 48:22.620 of what could be called 48:22.620 --> 48:25.420 positive distortions because it's very easy 48:26.180 --> 48:26.740 ah 48:26.740 --> 48:29.000 well maybe for most people it isn't 48:29.000 --> 48:30.680 but it's easier to 48:30.680 --> 48:32.500 see how theft and government 48:32.500 --> 48:34.860 coercion and prohibitions get in the way 48:34.860 --> 48:36.440 of economics and warp things 48:37.040 --> 48:38.620 weirdly there are ways 48:38.620 --> 48:40.760 that government warps things and hurts 48:40.760 --> 48:42.740 the economy by spending money 48:42.740 --> 48:45.240 too by handing out the stolen loot 48:45.240 --> 48:46.860 to other people 48:46.860 --> 48:48.680 and I already mentioned the example 48:48.680 --> 48:50.900 of welfare if you're paying a bunch of people to not 48:50.900 --> 48:52.820 be productive the overall 48:52.820 --> 48:54.720 wealth of society is going down 48:54.720 --> 48:56.800 because you gave away 48:56.800 --> 48:58.500 the stolen loot the theft 48:58.500 --> 49:00.820 was also destructive but the giving 49:00.820 --> 49:02.420 away is destructive and there's 49:02.420 --> 49:04.740 a number of ways that happens it isn't just welfare 49:04.740 --> 49:06.580 of individuals 49:06.580 --> 49:07.980 it's corporate welfare 49:07.980 --> 49:10.280 it's subsidizing some businesses 49:11.080 --> 49:12.300 to make their prices 49:12.300 --> 49:14.440 lower than they would naturally be 49:14.440 --> 49:16.460 because government gave them a bunch of stolen loot 49:16.460 --> 49:18.340 which kills their competition 49:18.340 --> 49:20.800 it's like hey how come you have the advantage 49:20.800 --> 49:21.820 if you get a bunch of 49:22.360 --> 49:24.400 stolen loot and we can't compete 49:24.400 --> 49:26.680 so now we're out of business and then oh now the prices 49:26.680 --> 49:28.520 go back up and now there's a government 49:28.520 --> 49:29.700 approved monopoly 49:30.380 --> 49:32.780 that happened not by way of thuggery 49:32.780 --> 49:34.640 and theft well I mean there was the theft 49:34.640 --> 49:36.800 that happened before the handout but by 49:36.800 --> 49:38.720 handing out money and distorting 49:38.720 --> 49:39.900 the market that way 49:40.900 --> 49:42.900 and having non-productive 49:42.900 --> 49:44.300 people having buying power 49:44.300 --> 49:46.280 by welfare check 49:46.280 --> 49:48.160 by paying people in the military 49:48.160 --> 49:50.420 by corporate handouts 49:51.120 --> 49:52.760 makes things cost more 49:52.760 --> 49:54.540 for everybody like the example I said 49:54.540 --> 49:56.620 where if 90% of some country 49:56.620 --> 49:58.660 is on welfare and they're out 49:58.660 --> 49:59.780 there buying things 50:00.640 --> 50:02.940 well these are the ones producing all the stuff 50:02.940 --> 50:04.960 the cost for these people 50:04.960 --> 50:05.900 is going to go up 50:06.640 --> 50:08.780 because the supply of things is low 50:08.780 --> 50:10.900 but the demand is huge because all these people 50:10.900 --> 50:13.340 who got free money want to go buy stuff 50:13.340 --> 50:15.200 without producing anything of value 50:15.680 --> 50:17.000 so when all the other people 50:17.000 --> 50:18.860 go out to buy stuff hey why are the prices 50:18.860 --> 50:20.860 so high because all those people 50:20.860 --> 50:23.060 were given stolen loot to be able to buy stuff 50:23.060 --> 50:24.960 and it's things that most people 50:24.960 --> 50:26.160 just never think about 50:27.380 --> 50:27.860 and 50:28.780 --> 50:30.620 and then there's a bunch of government 50:30.620 --> 50:31.880 programs that are 50:31.880 --> 50:34.260 have the exact same effect of welfare 50:34.260 --> 50:36.380 they're basically the make work programs 50:37.080 --> 50:38.460 you've probably heard of the bridge 50:38.460 --> 50:40.780 to nowhere they can happen more than once 50:40.780 --> 50:42.720 but at least once they literally built a bridge 50:42.720 --> 50:44.800 that didn't go anywhere there was a road 50:44.800 --> 50:46.760 and a bridge and there's not a road on the other side 50:46.760 --> 50:48.260 there's still not a road on the other side 50:48.260 --> 50:50.360 so they spent tons of money employing 50:50.360 --> 50:51.860 these people while it isn't that good 50:51.860 --> 50:54.340 stimulating the economy no because 50:54.340 --> 50:56.260 they produced zero value 50:56.260 --> 50:57.880 nobody's driving across that bridge 50:57.880 --> 51:00.160 there's a bridge there it's of no use 51:00.160 --> 51:01.720 to anybody so you 51:01.720 --> 51:03.780 could have just paid them to sit on their butts 51:03.780 --> 51:05.000 would have had the same result 51:05.560 --> 51:07.560 which is making everybody 51:08.140 --> 51:09.800 less prosperous and making their 51:09.800 --> 51:11.560 V be less value 51:13.820 --> 51:15.480 and again it's something that 51:18.980 --> 51:20.940 oh again I'm about to hand it off to you 51:20.940 --> 51:22.140 and then I will yes I know 51:22.140 --> 51:24.580 I know let me do it 51:24.580 --> 51:26.820 I can't do a bathroom break I'm in the middle of this 51:26.820 --> 51:28.460 you didn't read this yes I did 51:28.460 --> 51:30.360 yes I did yes I did 51:30.360 --> 51:32.560 let me finish and hand it to you and I will deal with 51:35.540 --> 51:37.580 and then people the whole 51:37.580 --> 51:39.420 full employment thing of 51:41.320 --> 51:42.860 we're gonna pay everybody to carry 51:42.860 --> 51:44.580 rocks around in circles because then everybody 51:44.580 --> 51:46.600 has paycheck and everybody's getting paid and everybody 51:46.600 --> 51:48.640 has employment does that produce any value 51:48.640 --> 51:50.660 no to make everybody 51:50.660 --> 51:51.700 more poor yeah 51:53.700 --> 51:54.840 and then I 51:54.840 --> 51:56.860 have to throw in a mention of war of course 51:56.860 --> 51:58.840 where you're not just paying people to be 51:58.840 --> 52:00.080 useless you're paying people 52:00.080 --> 52:01.860 to blow things up 52:02.360 --> 52:04.560 and demolish stuff and demolish trade 52:04.560 --> 52:06.760 and kill people and annihilate property 52:07.640 --> 52:08.720 and I shouldn't have 52:08.720 --> 52:10.560 to explain why that is not 52:10.560 --> 52:12.040 good for the prosperity 52:12.040 --> 52:13.320 of humanity 52:15.500 --> 52:16.660 so it's easy 52:16.660 --> 52:18.580 for people to view things on a tiny scale 52:18.580 --> 52:19.740 in a tiny time window 52:21.040 --> 52:22.700 where you look at the money you have in your 52:22.700 --> 52:23.960 hand and what you're buying with it 52:24.600 --> 52:26.860 and not being aware of what might 52:26.860 --> 52:27.420 have been 52:27.420 --> 52:30.480 and have no idea what things could have been 52:30.480 --> 52:31.760 if not for that 52:32.660 --> 52:33.480 but now 52:33.980 --> 52:36.460 I'm gonna hand things over to Amanda 52:36.460 --> 52:37.740 if I can retrieve her 52:37.740 --> 52:39.880 and then she can 52:39.880 --> 52:42.320 hand you over to Lisa after that 52:42.320 --> 52:44.560 because now it's time to instead of just 52:44.560 --> 52:47.040 whining about all the ways in which government is horribly destructive 52:47.040 --> 52:48.620 and all the ways it makes 52:48.620 --> 52:50.420 us poor look at a few ways 52:50.420 --> 52:52.300 to maybe try to be less 52:52.300 --> 52:53.160 poor 52:53.620 --> 52:55.560 and for that I will hand you to Amanda 52:55.560 --> 52:57.000 I must go retrieve her 52:57.000 --> 53:08.050 so this is the 53:08.050 --> 53:10.170 intermission time y'all if you need to use 53:10.170 --> 53:11.710 the restroom 53:12.330 --> 53:14.210 it's a good time to do that 53:15.070 --> 53:16.650 this is the tech guy speaking 53:16.650 --> 53:18.190 from beyond the veil 53:19.470 --> 53:20.470 we had some great 53:20.470 --> 53:22.430 questions come in so anybody who tags at 53:22.430 --> 53:24.170 Larkin Rose I'm monitoring the questions 53:24.170 --> 53:26.150 I'm building out a list of all those questions 53:26.150 --> 53:28.490 and so just if you have any questions 53:28.490 --> 53:30.570 go ahead and drop them in the chat and we'll go from there 53:30.570 --> 53:32.210 so with that I will turn you 53:32.210 --> 53:33.210 over to Amanda 53:36.430 --> 53:37.250 hey everyone 53:38.650 --> 53:39.930 alright now the case is done 53:40.850 --> 53:41.290 so 53:42.490 --> 53:44.490 I wanted to just mention that 53:44.930 --> 53:46.910 one of the things that I like to focus on 53:46.910 --> 53:48.170 when it comes to the state 53:48.170 --> 53:50.210 is practical 53:50.210 --> 53:51.690 ways we make our lives better 53:51.690 --> 53:54.270 so the state ruins everything 53:54.270 --> 53:55.550 via finances but 53:56.070 --> 53:57.550 there are so many ways 53:57.550 --> 54:00.270 in which now that enough of us 54:00.270 --> 54:02.170 are awake and enough of us 54:02.170 --> 54:03.490 know about this thing 54:03.490 --> 54:06.010 that you know now there's rising 54:06.010 --> 54:07.990 market opportunities for 54:07.990 --> 54:10.190 just all this innovation to try 54:10.190 --> 54:12.130 to come around and figure out ok how can we 54:12.130 --> 54:13.010 sort of 54:13.010 --> 54:15.590 brace ourselves against this or 54:16.270 --> 54:17.150 maintain our 54:17.150 --> 54:20.110 growing finances and wealth and keep it out 54:20.110 --> 54:22.090 of the state's hands and actually 54:22.090 --> 54:24.230 have some sense of security about 54:24.230 --> 54:26.170 like where our finances might be 54:26.170 --> 54:28.190 going in the future because we can 54:28.190 --> 54:30.330 know that we're hanging on to what we have 54:31.410 --> 54:31.850 and 54:31.850 --> 54:34.110 in the practical sense a lot of us 54:34.110 --> 54:34.790 can't just 54:35.490 --> 54:38.190 if we have like a business or we're trying to grow a business 54:38.890 --> 54:40.030 we don't have the 54:40.030 --> 54:42.130 opportunities right in front of us or the resources 54:42.130 --> 54:44.210 yet to say alright I want to just 54:44.210 --> 54:46.170 say F you to the IRS or F you to 54:46.170 --> 54:48.170 the state and hide all our 54:48.170 --> 54:49.850 money somewhere and put it all in crypto 54:49.850 --> 54:51.070 that might not be realistic 54:51.610 --> 54:53.450 but we don't want our money to go to 54:54.370 --> 54:55.890 funding bombing kids and we 54:55.890 --> 54:57.770 don't want you know our lives 54:57.770 --> 54:59.850 to be more messed up and for them to have access to 54:59.850 --> 55:01.150 our wealth so what do we do 55:01.670 --> 55:03.810 and this is why I wanted to 55:03.810 --> 55:05.630 really bring in case and also 55:05.630 --> 55:07.010 the wealth battle 55:07.650 --> 55:09.830 team and have Lisa come on and talk about 55:09.830 --> 55:11.850 this because what they're 55:11.850 --> 55:14.050 doing and the whole point of what they're doing is 55:14.530 --> 55:15.570 how do we fortify 55:15.570 --> 55:17.950 our finances and our future wealth 55:17.950 --> 55:19.590 and you know keep our little nest egg 55:19.590 --> 55:21.850 a thing that is safe and growing and 55:21.850 --> 55:23.950 protected and without having 55:23.950 --> 55:24.630 to be like 55:26.230 --> 55:28.390 because that's the whole problem right is 55:28.390 --> 55:30.490 there's this giant ten thousand some odd word 55:30.490 --> 55:32.570 plus tax code that almost nobody 55:33.290 --> 55:34.210 really understands 55:34.210 --> 55:36.210 how to stay in compliance with because it's 55:36.210 --> 55:37.270 bogus to begin with right 55:37.950 --> 55:40.010 but let's say you want to keep as much of your money out of 55:40.010 --> 55:42.110 government hands and you need to know 55:42.110 --> 55:43.770 that you know if the IRS comes like 55:44.390 --> 55:45.310 peeking or whatever 55:45.310 --> 55:47.250 you can pass 55:47.250 --> 55:49.370 as in it'll look fine to them even though 55:49.370 --> 55:51.070 you are keeping all of your money 55:51.070 --> 55:53.550 you're doing it in a way that they can't 55:53.550 --> 55:55.050 grab it you know so 55:55.630 --> 55:57.510 this is why I want to bring wealth battle on 55:57.510 --> 55:59.290 because what they're doing and 55:59.290 --> 56:01.350 what Lisa has built and case and 56:01.350 --> 56:02.810 has built what they have access to is 56:03.310 --> 56:05.390 a whole set of 56:05.390 --> 56:07.170 that legal resources 56:07.170 --> 56:09.330 where it's like I want to keep my money I want to 56:09.330 --> 56:11.370 keep my nest egg and I want to actually know in 56:11.370 --> 56:13.390 a world with AI and weird uncertainties 56:13.390 --> 56:14.830 that I can 56:15.930 --> 56:17.350 be in a space where 56:17.350 --> 56:19.710 I can have the Leviathan 56:19.710 --> 56:21.370 potentially looking right at me 56:21.370 --> 56:23.470 and maybe they can come at me and they can try to breathe 56:23.470 --> 56:25.250 down my neck and it's not going to do any good 56:25.830 --> 56:27.510 because I have these things that 56:27.510 --> 56:29.370 they can't touch that they can't 56:29.370 --> 56:31.390 mess with and maybe even by their own rules 56:31.390 --> 56:33.210 that they can't touch it I look fine to them 56:33.210 --> 56:35.350 so with that little intro 56:35.350 --> 56:37.410 I'm going to bring Lisa on and have her 56:37.410 --> 56:39.370 talk to you guys about some things that 56:39.370 --> 56:41.230 can be done and some options 56:41.230 --> 56:42.130 that are out there. 56:44.350 --> 56:45.430 All right well 56:45.430 --> 56:47.050 with all that sandwich talk 56:47.050 --> 56:49.150 and a lack of lemonade stands are 56:49.150 --> 56:50.470 likely thirsty so 56:51.230 --> 56:53.290 let's imagine a town with 56:53.290 --> 56:55.310 one well and everyone in that 56:55.310 --> 56:56.970 town drinks from it and surprisingly 56:56.970 --> 56:58.630 it's managed centrally 56:59.090 --> 57:01.310 and for years it works the water's 57:01.310 --> 57:03.310 clean it's reliable it's predictable 57:03.310 --> 57:05.330 but over time more 57:05.330 --> 57:07.170 water starts getting pulled out 57:07.170 --> 57:08.830 than the well naturally refills 57:08.830 --> 57:10.350 and it's not all at once 57:10.350 --> 57:11.830 it happens slowly 57:12.410 --> 57:13.770 so at first no one notices 57:13.770 --> 57:16.030 the buckets they still come up full 57:16.870 --> 57:18.550 but then the water level drops 57:18.990 --> 57:20.170 and people are concerned 57:20.790 --> 57:22.450 and they're told you know what the well's fine 57:22.450 --> 57:24.670 don't worry about it but here's the question 57:25.510 --> 57:27.050 do you spend your life arguing 57:27.050 --> 57:28.450 about how the well is managed 57:29.470 --> 57:30.990 or do you build your own well 57:32.430 --> 57:33.330 seeing the problem 57:33.330 --> 57:34.670 isn't the same as solving it 57:35.910 --> 57:36.710 so responsibility 57:36.710 --> 57:37.890 would build the well 57:38.910 --> 57:40.670 so for those of you I haven't met 57:40.670 --> 57:42.470 I'm Lisa Manfredi with wealth battle 57:42.470 --> 57:45.170 I build financial structures for families 57:45.170 --> 57:46.790 and business owners who don't want 57:46.790 --> 57:48.670 their future tied to fragile systems 57:50.050 --> 57:51.010 now the problem 57:51.010 --> 57:52.570 isn't just bad people 57:52.570 --> 57:55.330 it's a system that rewards bad decisions 57:56.290 --> 57:57.890 so when the same institution 57:57.890 --> 57:58.890 can spend money 57:58.890 --> 58:00.290 and they can create money 58:00.290 --> 58:02.330 and they can change the rules around money 58:02.330 --> 58:04.270 the problems aren't surprising 58:04.270 --> 58:05.790 they're actually predictable 58:06.470 --> 58:08.370 and most of you already know that 58:08.370 --> 58:09.710 but the real question is 58:09.710 --> 58:12.290 whether your financial life reflects that knowledge 58:13.130 --> 58:14.670 so if those in power 58:14.670 --> 58:16.190 can spend without restraint 58:16.190 --> 58:17.170 they will 58:18.110 --> 58:19.630 and if they can create money 58:19.630 --> 58:20.610 to cover that spending 58:20.610 --> 58:22.150 they're going to 58:23.030 --> 58:25.570 and if they can change the rules during a crisis 58:26.190 --> 58:27.050 of course they will 58:27.050 --> 58:29.070 and that's not a motion 58:29.070 --> 58:30.510 it's just incentives 58:30.510 --> 58:32.630 and history 58:32.630 --> 58:34.650 shows the same pattern again and again 58:34.650 --> 58:36.130 that's pressure 58:36.890 --> 58:38.010 there's pressure 58:38.010 --> 58:39.430 there's money creation 58:40.790 --> 58:42.190 then rule changes 58:42.190 --> 58:44.530 then of course there's a loss of trust 58:44.530 --> 58:46.590 destroyed savings 58:46.590 --> 58:48.770 this is different centuries 58:48.770 --> 58:50.010 but it's the same pattern 58:51.110 --> 58:53.070 so let's look at what the pattern 58:53.070 --> 58:54.490 did to ordinary families 58:55.410 --> 58:56.050 Germany 58:59.850 --> 59:00.490 1920s 59:00.490 --> 59:01.250 political instability 59:02.330 --> 59:04.770 printing money was easier than cutting spending 59:04.770 --> 59:05.930 so at first 59:05.930 --> 59:07.030 it looked manageable 59:07.030 --> 59:08.550 the bills got paid 59:08.550 --> 59:10.810 the system kept functioning 59:12.070 --> 59:14.530 but then the money supply expanded faster 59:14.530 --> 59:15.210 than production 59:15.210 --> 59:17.350 and prices rose 59:18.270 --> 59:19.550 then they rose faster 59:19.550 --> 59:20.990 then they rose daily 59:22.230 --> 59:24.010 and workers were paid twice a day 59:24.010 --> 59:26.230 so that they could spend wages before they became worthless 59:27.450 --> 59:28.810 savings built over 59:28.810 --> 59:30.470 decades disappeared in months 59:31.170 --> 59:32.970 and the middle class wasn't wiped out 59:32.970 --> 59:33.830 because they were reckless 59:35.290 --> 59:36.670 they were wiped out because 59:36.670 --> 59:38.890 the money that they trusted stopped working 59:40.390 --> 59:42.030 they did what they were told to do 59:42.030 --> 59:44.890 they saved, they worked, they planned 59:45.570 --> 59:47.090 and the unit of account dissolved 59:47.090 --> 59:47.910 beneath them 59:49.490 --> 59:50.790 the ones who thought 59:50.790 --> 59:52.730 they were safe because they were responsible 59:53.330 --> 59:54.730 they were often hit the hardest 59:56.270 --> 59:57.190 but we don't need 59:57.190 --> 59:58.930 hyperinflation for rules to change 59:58.930 --> 01:00:00.510 let's come home and look 01:00:00.910 --> 01:00:02.790 the United States in 1933 01:00:02.790 --> 01:00:05.530 the country was in the Great Depression 01:00:05.530 --> 01:00:07.410 banks were failing 01:00:07.410 --> 01:00:09.250 confidence was low 01:00:10.070 --> 01:00:11.250 private ownership 01:00:11.250 --> 01:00:13.650 of monetary gold was made illegal 01:00:13.650 --> 01:00:15.250 and compliance 01:00:15.250 --> 01:00:16.190 wasn't optional 01:00:16.190 --> 01:00:18.570 so citizens turned in their gold 01:00:18.570 --> 01:00:20.970 and then the dollar was devalued 01:00:22.050 --> 01:00:23.070 so once again 01:00:23.070 --> 01:00:24.530 the rules changed overnight 01:00:25.250 --> 01:00:27.190 and when those in power to find money 01:00:27.190 --> 01:00:28.590 they can redefine money 01:00:30.270 --> 01:00:32.210 if the definition changed once 01:00:33.070 --> 01:00:34.810 why assume it can't change again 01:00:36.470 --> 01:00:38.970 and for a while there was still a leash 01:00:38.970 --> 01:00:41.490 the dollar was still tied to gold 01:00:42.130 --> 01:00:44.170 and that made it harder to print endlessly 01:00:45.490 --> 01:00:47.390 but leashes make spending harder 01:00:47.390 --> 01:00:49.190 and leashes don't survive pressure 01:00:51.250 --> 01:00:51.790 1971 01:00:51.790 --> 01:00:54.990 the gold window closed 01:00:54.990 --> 01:00:56.670 and from that moment on 01:00:56.670 --> 01:00:58.530 the dollar was backed by confidence 01:00:58.530 --> 01:00:59.530 and government power 01:00:59.530 --> 01:01:00.530 not convertibility 01:01:00.530 --> 01:01:02.990 the constraint was removed 01:01:03.710 --> 01:01:04.910 flexibility increased 01:01:05.610 --> 01:01:07.790 and that flexibility made it easier 01:01:07.790 --> 01:01:09.130 to manage short term crises 01:01:10.410 --> 01:01:11.970 it also made it easier 01:01:11.970 --> 01:01:12.930 to expand credit 01:01:13.550 --> 01:01:14.590 so debt grew 01:01:15.290 --> 01:01:16.850 the money supply grew 01:01:17.810 --> 01:01:19.430 asset prices inflated 01:01:19.430 --> 01:01:22.170 and purchasing power eroded 01:01:22.170 --> 01:01:22.870 quietly 01:01:23.410 --> 01:01:24.470 not dramatically 01:01:25.430 --> 01:01:26.010 slowly 01:01:28.390 --> 01:01:30.370 if your financial plan 01:01:30.370 --> 01:01:31.890 assumes permanent stability 01:01:31.890 --> 01:01:33.650 and a system built on expansion 01:01:33.650 --> 01:01:35.770 that's not a strategy 01:01:35.770 --> 01:01:36.850 that's an assumption 01:01:38.170 --> 01:01:40.170 when constraint disappears 01:01:40.170 --> 01:01:42.230 someone absorbs the risk 01:01:42.230 --> 01:01:44.310 sometimes it's inflation 01:01:44.310 --> 01:01:46.130 sometimes it's debt 01:01:46.130 --> 01:01:48.030 sometimes it's confidence 01:01:48.030 --> 01:01:49.890 and sometimes 01:01:50.810 --> 01:01:52.130 it's depositors 01:01:53.350 --> 01:01:54.010 Cyprus 01:01:54.010 --> 01:01:55.150 2013 01:01:56.490 --> 01:01:57.750 banks were in trouble 01:01:58.610 --> 01:02:00.340 instead of a traditional bailout 01:02:01.230 --> 01:02:02.810 depositors were bailed in 01:02:03.510 --> 01:02:05.330 money sitting in bank accounts 01:02:05.330 --> 01:02:07.750 was used to recapitalize the banks 01:02:08.450 --> 01:02:10.070 so people woke up 01:02:10.070 --> 01:02:11.670 and they logged into their accounts 01:02:11.670 --> 01:02:13.590 and the numbers were smaller 01:02:13.590 --> 01:02:15.770 and it wasn't because they spent it 01:02:16.650 --> 01:02:18.730 it's not because they invested badly 01:02:18.730 --> 01:02:20.890 it's because the rules changed 01:02:20.890 --> 01:02:23.170 they thought their money was theirs 01:02:23.870 --> 01:02:25.110 until it wasn't 01:02:26.290 --> 01:02:27.670 when your savings 01:02:27.670 --> 01:02:29.530 sit inside a centralized system 01:02:29.530 --> 01:02:30.970 in a crisis 01:02:31.720 --> 01:02:33.510 the system protects itself first 01:02:34.650 --> 01:02:36.430 you just don't notice it 01:02:37.290 --> 01:02:38.430 until it's gone 01:02:39.750 --> 01:02:41.450 now this isn't about panic 01:02:41.450 --> 01:02:43.050 it's about exposure 01:02:44.030 --> 01:02:46.190 but if you logged into your accounts tomorrow 01:02:46.190 --> 01:02:48.010 and the rules had changed 01:02:48.010 --> 01:02:50.370 would your life change? 01:02:51.590 --> 01:02:53.350 not your opinions 01:02:53.790 --> 01:02:56.390 not your emotions but your actual life 01:02:57.870 --> 01:02:59.970 that's the difference between awareness 01:02:59.970 --> 01:03:01.090 and structure 01:03:02.050 --> 01:03:04.430 because this isn't just about inflation 01:03:04.430 --> 01:03:05.290 it's about trust 01:03:05.910 --> 01:03:07.950 when money changes unexpectedly 01:03:07.950 --> 01:03:09.370 trust weakens 01:03:10.050 --> 01:03:12.350 when rules shift during crisis 01:03:13.050 --> 01:03:14.210 trust weakens 01:03:14.710 --> 01:03:16.970 and when savings can be reclassified 01:03:16.970 --> 01:03:18.910 trust weakens 01:03:18.910 --> 01:03:20.730 and when trust weakens people change 01:03:20.730 --> 01:03:23.170 they shorten their horizon 01:03:23.170 --> 01:03:24.890 they think in months 01:03:24.890 --> 01:03:25.790 instead of years 01:03:25.790 --> 01:03:28.290 they consume instead of build 01:03:29.050 --> 01:03:31.290 they protect instead of produce 01:03:32.730 --> 01:03:34.750 they speculate instead of plan 01:03:36.110 --> 01:03:38.290 and civilization runs on trust 01:03:39.110 --> 01:03:40.790 money is stored trust 01:03:40.790 --> 01:03:42.170 when money becomes political 01:03:42.170 --> 01:03:43.630 trust becomes fragile 01:03:43.630 --> 01:03:46.030 and when trust becomes fragile 01:03:46.790 --> 01:03:48.430 people stop building long term 01:03:48.430 --> 01:03:51.270 and when people stop building long term 01:03:51.270 --> 01:03:52.970 someone else decides the future 01:03:54.530 --> 01:03:56.430 that's not abstract, that's personal 01:03:57.870 --> 01:04:00.450 you already know the system is unstable 01:04:00.450 --> 01:04:03.190 but awareness feels responsible 01:04:03.190 --> 01:04:05.190 it isn't 01:04:05.190 --> 01:04:06.810 positioning is 01:04:08.170 --> 01:04:10.230 you can't control what they do 01:04:10.230 --> 01:04:12.570 but you can control how exposed you are 01:04:13.570 --> 01:04:15.330 wealth battle is where we design 01:04:15.330 --> 01:04:16.530 your financial structure 01:04:16.530 --> 01:04:18.990 so it doesn't collapse when the rules shift 01:04:18.990 --> 01:04:20.870 it's not theory 01:04:20.870 --> 01:04:21.830 it's structure 01:04:22.930 --> 01:04:25.090 that means eliminated fragility 01:04:26.050 --> 01:04:27.830 destroying unproductive debt 01:04:28.810 --> 01:04:30.930 building liquidity that survives 01:04:30.930 --> 01:04:31.870 tightening cycles 01:04:32.810 --> 01:04:34.590 owning productive assets 01:04:34.590 --> 01:04:36.130 that generate real value 01:04:37.370 --> 01:04:38.590 structuring wealth 01:04:38.590 --> 01:04:40.710 so it supports your family long term 01:04:42.470 --> 01:04:44.830 designing redundancy into your financial life 01:04:47.010 --> 01:04:49.410 you can't eliminate systemic risk 01:04:49.410 --> 01:04:52.270 but you can reduce your dependence on it 01:04:52.270 --> 01:04:53.850 so ask yourself 01:04:54.590 --> 01:04:56.070 if the rules change tomorrow 01:04:56.590 --> 01:04:57.970 does your plan break 01:04:58.830 --> 01:05:01.150 and if it does fix it 01:05:01.150 --> 01:05:03.570 don't wait until the rules change 01:05:04.770 --> 01:05:06.490 so if you're serious about 01:05:06.490 --> 01:05:08.130 redesigning your position 01:05:08.130 --> 01:05:09.950 text well 01:05:09.950 --> 01:05:11.590 like going to the water well 01:05:12.530 --> 01:05:12.930 WELL 01:05:12.930 --> 01:05:14.230 and your name 01:05:14.230 --> 01:05:16.350 to 833 01:05:18.230 --> 01:05:18.630 675 01:05:19.790 --> 01:05:20.590 2755 01:05:20.590 --> 01:05:23.310 so text well in your name 01:05:24.270 --> 01:05:25.210 to 833 01:05:26.410 --> 01:05:26.810 675 01:05:27.690 --> 01:05:28.490 2755 01:05:28.490 --> 01:05:31.130 and we'll connect with you personally 01:05:31.130 --> 01:05:32.690 and start mapping your exposure 01:05:33.850 --> 01:05:35.050 responsibility isn't 01:05:35.050 --> 01:05:36.470 loud it's built 01:05:37.630 --> 01:05:39.890 so build that next well 01:05:39.890 --> 01:05:41.370 don't wait 01:05:57.450 --> 01:05:58.350 Larkin's back 01:05:58.350 --> 01:05:59.130 yes 01:06:00.090 --> 01:06:01.230 I am back 01:06:02.150 --> 01:06:04.070 thank you very much for that Lisa 01:06:05.090 --> 01:06:06.450 and I believe 01:06:06.450 --> 01:06:08.270 Casey threatened to 01:06:08.270 --> 01:06:10.410 go through questions and whatever 01:06:10.410 --> 01:06:11.190 and we can both 01:06:12.180 --> 01:06:13.110 be up here 01:06:13.110 --> 01:06:15.710 based on who's going to throw stuff at us 01:06:17.870 --> 01:06:18.850 or we can just 01:06:18.850 --> 01:06:20.010 shut up and run away 01:06:20.010 --> 01:06:22.250 no I have a bunch of questions that I queued up 01:06:22.250 --> 01:06:23.550 through the duration of it 01:06:23.550 --> 01:06:26.010 so the first one's not a question 01:06:26.010 --> 01:06:28.670 I told Spooky Scary Anarchist 01:06:28.670 --> 01:06:30.810 great name that I will relay this 01:06:30.810 --> 01:06:33.310 he says and I quote Larkin you are a Chad 01:06:33.310 --> 01:06:34.630 that's a good thing 01:06:34.630 --> 01:06:35.910 I don't know if you know this 01:06:36.430 --> 01:06:38.150 that's a good thing Larkin 01:06:38.150 --> 01:06:40.250 let's hope I don't become a hanging Chad 01:06:40.250 --> 01:06:42.030 okay we'll start with a fun one 01:06:42.030 --> 01:06:43.310 and then we'll get into more 01:06:43.310 --> 01:06:44.670 technical as we go 01:06:44.670 --> 01:06:47.110 so 23 Skeet To Who 01:06:47.110 --> 01:06:49.030 says who will make 01:06:49.030 --> 01:06:50.870 sorry 23 Skeet To Who 01:06:50.870 --> 01:06:52.350 says who will make the sandwiches 01:06:52.950 --> 01:06:55.290 if we take the state out of it all 01:06:55.290 --> 01:06:58.090 back to your original one I think that one's directed towards Larkin 01:06:59.950 --> 01:07:01.870 the people who already do 01:07:01.870 --> 01:07:04.270 and a bunch of people 01:07:04.270 --> 01:07:06.530 who don't because they didn't jump through all the 01:07:06.530 --> 01:07:07.290 government hoops 01:07:07.290 --> 01:07:09.530 it's funny that people are so 01:07:09.530 --> 01:07:11.430 like if there's 01:07:11.430 --> 01:07:13.430 something they haven't seen again if it's 01:07:13.430 --> 01:07:15.550 what might have been but they don't see it 01:07:15.550 --> 01:07:17.350 they're almost 01:07:17.350 --> 01:07:18.650 automatically scared of it 01:07:19.090 --> 01:07:21.310 like well I've only ever known government 01:07:21.310 --> 01:07:22.890 to build the road so if they don't 01:07:22.890 --> 01:07:25.330 and people have seen normal people 01:07:25.330 --> 01:07:27.010 build sandwiches so 01:07:27.010 --> 01:07:29.330 most people aren't actually scared of that 01:07:29.330 --> 01:07:31.450 I'm sure he's being flippant because normal 01:07:31.450 --> 01:07:32.650 people can make sandwiches 01:07:34.370 --> 01:07:34.930 but 01:07:35.510 --> 01:07:36.390 because government 01:07:36.810 --> 01:07:38.630 forces monopolies on so many things 01:07:38.630 --> 01:07:40.790 and people don't spend 01:07:40.790 --> 01:07:43.070 time thinking about what might have been 01:07:43.070 --> 01:07:44.690 then they're scared of anything 01:07:44.690 --> 01:07:47.090 and I often use the example of the Soviet Union 01:07:47.090 --> 01:07:49.250 it's like oh we've been waiting in line 01:07:49.250 --> 01:07:51.410 for hours for a piece of moldy bread 01:07:51.850 --> 01:07:52.450 it's like 01:07:52.450 --> 01:07:54.410 we shouldn't have government do this 01:07:54.410 --> 01:07:56.950 well if government didn't do it who would give us 01:07:56.950 --> 01:07:57.550 moldy bread 01:07:58.570 --> 01:08:00.970 and it's only when you can see an alternative 01:08:00.970 --> 01:08:02.870 and go oh so the rest of the world 01:08:02.870 --> 01:08:04.910 doesn't need moldy bread and they don't have government 01:08:04.910 --> 01:08:06.910 doing it okay so it really is possible 01:08:06.910 --> 01:08:08.490 but people are scared of the unknown 01:08:08.490 --> 01:08:11.070 and scared of what they haven't seen 01:08:11.070 --> 01:08:12.770 and that's one of the reasons government 01:08:12.770 --> 01:08:14.550 make sure you don't see it 01:08:14.550 --> 01:08:16.650 by stomping down on it and 01:08:16.650 --> 01:08:18.850 ruling out competition in a thousand different 01:08:18.850 --> 01:08:20.670 ways so you can't just see 01:08:20.670 --> 01:08:22.910 now I have a running joke because I have made a 01:08:22.910 --> 01:08:25.270 road it's just a gravel road 01:08:25.270 --> 01:08:26.570 but on a property 01:08:26.570 --> 01:08:28.010 a friend of mine 01:08:28.010 --> 01:08:30.490 so now the answer who will build the roads me 01:08:30.490 --> 01:08:31.630 I will build the roads 01:08:33.770 --> 01:08:34.210 cool 01:08:34.210 --> 01:08:35.870 I'm gonna throw this one in and let 01:08:36.430 --> 01:08:38.350 y'all decide who wants to step on this 01:08:39.010 --> 01:08:39.450 grenade 01:08:40.850 --> 01:08:42.390 action not awareness right 01:08:42.390 --> 01:08:44.450 what can we do to prevent the government from 01:08:44.450 --> 01:08:46.510 stealing our money when we first 01:08:46.510 --> 01:08:48.630 start a job I'm mainly referring 01:08:48.630 --> 01:08:50.490 to the HR person sticking to the 01:08:50.490 --> 01:08:52.490 W2 or W4 form in front 01:08:52.490 --> 01:08:54.570 of us so this sounds like a US based question 01:08:54.570 --> 01:08:57.230 who wants to take that stab at that first 01:09:01.030 --> 01:09:02.490 there's a lot of 01:09:03.190 --> 01:09:04.450 it's one of those things 01:09:04.450 --> 01:09:06.670 where almost every business their first 01:09:06.670 --> 01:09:07.910 priority is staying in business 01:09:08.770 --> 01:09:10.430 and they're scared to do 01:09:10.430 --> 01:09:12.430 anything that looks out of line to them 01:09:12.430 --> 01:09:14.550 like I know people and I'm not even gonna get into 01:09:14.550 --> 01:09:16.410 the whole legal side of is this 01:09:16.410 --> 01:09:18.510 right and is it not well if I file exempt 01:09:18.510 --> 01:09:20.090 and they're not supposed to withhold 01:09:20.090 --> 01:09:22.530 and the IRS lies about that stuff 01:09:22.530 --> 01:09:24.610 and cheese on this the thing is because 01:09:24.610 --> 01:09:26.550 businesses want to stay 01:09:26.550 --> 01:09:28.210 in business if they're 01:09:28.210 --> 01:09:30.370 above board meaning they allow themselves 01:09:30.370 --> 01:09:31.610 to be robbed and kicked around 01:09:33.270 --> 01:09:34.350 they are usually 01:09:34.350 --> 01:09:36.470 gonna be resistant to that sort of thing 01:09:37.370 --> 01:09:38.490 and to me 01:09:38.490 --> 01:09:40.190 I I hate say I mean 01:09:40.190 --> 01:09:42.390 I understand why it happens but I hate seeing people 01:09:42.390 --> 01:09:44.410 sort of turned against the people 01:09:44.410 --> 01:09:46.350 they work for as if they're the enemy 01:09:46.870 --> 01:09:48.230 when they're just well I asked 01:09:48.230 --> 01:09:50.310 the IRS and they said I have to withhold and I 01:09:50.310 --> 01:09:52.210 don't know and then getting mad at 01:09:52.210 --> 01:09:53.410 them for not doing it 01:09:54.590 --> 01:09:56.170 so sadly my answer 01:09:56.170 --> 01:09:58.390 is I don't know a magic way that's gonna make 01:09:58.390 --> 01:10:00.170 your employer not 01:10:00.170 --> 01:10:02.290 help the people to rob you because 01:10:02.290 --> 01:10:04.110 that's what they do and that's what they think they're supposed 01:10:04.110 --> 01:10:06.110 to do and that's what they think they have to do 01:10:06.110 --> 01:10:08.270 to stay in business 99% 01:10:08.270 --> 01:10:08.850 of the time 01:10:10.890 --> 01:10:12.210 and that's I mean it's 01:10:12.210 --> 01:10:14.150 a long run thing but that's why it 01:10:14.150 --> 01:10:16.010 it has to be a changing 01:10:16.010 --> 01:10:18.370 of what people believe until there are a bunch of employers 01:10:18.370 --> 01:10:19.830 to say I'm not even reporting 01:10:20.230 --> 01:10:22.170 I'm not gonna withhold anything we're 01:10:22.170 --> 01:10:23.990 gonna do everything under the table 01:10:23.990 --> 01:10:25.930 but until we're at that 01:10:25.930 --> 01:10:27.710 point it's like 01:10:27.710 --> 01:10:29.090 the focus of the 01:10:30.570 --> 01:10:31.610 employee fighting 01:10:31.610 --> 01:10:33.650 with the employer is kind of this sad 01:10:33.650 --> 01:10:35.950 spectacle that doesn't usually go well unless 01:10:35.950 --> 01:10:37.970 you happen to have an employer is open 01:10:37.970 --> 01:10:38.710 to the discussion 01:10:39.630 --> 01:10:41.730 sadly it's not the most encouraging 01:10:41.730 --> 01:10:42.370 answer right 01:10:43.490 --> 01:10:45.870 Lisa do you want to throw anything into that before I move 01:10:45.870 --> 01:10:46.430 on to the next one 01:10:47.330 --> 01:10:49.630 I will say on your W-4 you can 01:10:49.630 --> 01:10:51.990 deal with some federal exemptions 01:10:51.990 --> 01:10:54.110 you have dependents or you have 01:10:54.110 --> 01:10:55.910 actual exemptions you can put dollar amounts 01:10:55.910 --> 01:10:57.930 in this works really well if you're 01:10:57.930 --> 01:10:59.830 making a lot of money if you have 01:10:59.830 --> 01:11:01.950 large tax liabilities to the 01:11:01.950 --> 01:11:04.190 government and you participate in some 01:11:04.190 --> 01:11:06.050 strategy for tax exemption 01:11:06.050 --> 01:11:07.190 tax mitigation 01:11:08.450 --> 01:11:09.390 but otherwise 01:11:10.270 --> 01:11:11.770 yes what Larkin said 01:11:14.150 --> 01:11:16.130 there's a there's a tag on that I just saw 01:11:16.130 --> 01:11:18.330 from say what six seven six eight 01:11:18.330 --> 01:11:19.670 actually I'll say that in just a second 01:11:19.670 --> 01:11:21.910 Renato bacteria five five six yes this is 01:11:21.910 --> 01:11:23.630 live yes we are live right now 01:11:23.630 --> 01:11:25.750 so say what six seven six 01:11:25.750 --> 01:11:27.290 eight says what about 1099 01:11:27.290 --> 01:11:29.850 which may change y'alls vibe 01:11:29.850 --> 01:11:31.590 as its self employment income 01:11:31.590 --> 01:11:33.830 as the overlords say anybody want to throw 01:11:33.830 --> 01:11:35.830 in anything on that any ideas or strats 01:11:35.830 --> 01:11:37.650 we should be proclaiming 01:11:37.650 --> 01:11:38.690 from the mountaintop here 01:11:39.550 --> 01:11:41.950 well 1099 has that the benefit 01:11:41.950 --> 01:11:43.550 of you have to rob yourself 01:11:43.550 --> 01:11:45.390 because other people aren't robbing you 01:11:45.390 --> 01:11:46.870 for this state 01:11:46.870 --> 01:11:49.070 but if it's 01:11:49.070 --> 01:11:51.110 1099 and reported to the feds 01:11:51.110 --> 01:11:52.270 they still know about it 01:11:52.830 --> 01:11:54.710 it makes it you don't have to deal with 01:11:54.710 --> 01:11:55.470 the withholding 01:11:56.490 --> 01:11:58.710 so it's at least there's the potential 01:11:59.670 --> 01:12:01.310 to get robbed 01:12:01.310 --> 01:12:02.910 less if you do all the deductions 01:12:02.910 --> 01:12:05.090 in that way or you just 01:12:05.090 --> 01:12:06.930 don't report it I do want to throw in 01:12:06.930 --> 01:12:07.190 this 01:12:09.410 --> 01:12:11.230 Lisa and wealth battle 01:12:11.230 --> 01:12:12.690 is a lot about playing 01:12:12.690 --> 01:12:14.970 inside the rules made 01:12:14.970 --> 01:12:16.450 up by psychopaths to 01:12:16.970 --> 01:12:18.870 maintain your own wealth and prosperity 01:12:18.870 --> 01:12:20.930 and all that this doesn't mean 01:12:20.930 --> 01:12:22.970 you're a bad person if you disobey 01:12:22.970 --> 01:12:25.370 it just means it's kind of risky to disobey 01:12:25.910 --> 01:12:26.870 and so there's 01:12:26.870 --> 01:12:28.930 really two whole fields to this 01:12:28.930 --> 01:12:30.690 one is what can I get away with 01:12:30.690 --> 01:12:31.990 and not get robbed by the mafia 01:12:32.650 --> 01:12:34.950 and what are ways that I can behave 01:12:34.950 --> 01:12:36.710 right in front of the mafia 01:12:36.710 --> 01:12:38.950 and have them steal less of what I 01:12:38.950 --> 01:12:41.110 have and they're two very different 01:12:41.110 --> 01:12:41.690 things 01:12:42.570 --> 01:12:43.910 even though they both come up 01:12:43.910 --> 01:12:45.350 in conversation constantly 01:12:45.350 --> 01:12:47.530 so the whole thing of doing things under the table 01:12:47.530 --> 01:12:49.190 and don't have things reported and just 01:12:49.190 --> 01:12:51.530 I'm not giving you anything it's a completely 01:12:51.530 --> 01:12:53.610 different realm from are 01:12:53.610 --> 01:12:55.650 their ways to set up your things 01:12:55.650 --> 01:12:57.370 so that even if the thugs look 01:12:57.370 --> 01:12:59.010 they go okay that's fine 01:13:00.310 --> 01:13:01.130 and but 01:13:01.790 --> 01:13:03.470 I just wanted to make it clear that 01:13:04.210 --> 01:13:05.490 being able to do things 01:13:05.490 --> 01:13:07.190 within the rules so you don't get robbed 01:13:07.190 --> 01:13:08.990 which I don't condemn anybody for 01:13:08.990 --> 01:13:10.910 doesn't mean you approve of the rules 01:13:10.910 --> 01:13:13.050 and think they're okay it just means you don't want to get robbed 01:13:13.050 --> 01:13:13.590 as much 01:13:16.370 --> 01:13:17.090 yeah and with 01:13:17.090 --> 01:13:18.450 1099 Len Larkin said 01:13:19.270 --> 01:13:21.030 you're you're holding on to your money 01:13:21.030 --> 01:13:23.030 so what are you doing with that 01:13:23.030 --> 01:13:24.810 money so instead of every single paycheck 01:13:24.810 --> 01:13:26.910 them deducting it automatically and you're 01:13:26.910 --> 01:13:28.670 missing out there's 01:13:28.670 --> 01:13:30.670 what would have been with that money 01:13:30.670 --> 01:13:33.250 like there's opportunity costs and now you're holding on to it 01:13:33.710 --> 01:13:35.050 what are you doing with that 01:13:35.050 --> 01:13:36.990 money until you absolutely have to 01:13:36.990 --> 01:13:38.930 pay it that would be a big deal so things 01:13:38.930 --> 01:13:40.750 like where are you now are you budgeting 01:13:40.750 --> 01:13:42.650 how are you managing that money 01:13:42.650 --> 01:13:45.030 and then what are you doing on the tax 01:13:45.030 --> 01:13:46.950 side to mitigate those taxes and pay the 01:13:46.950 --> 01:13:48.870 least amount possible at the very last moment 01:13:51.090 --> 01:13:52.970 all right I think that was a fabulous 01:13:52.970 --> 01:13:54.210 little answer let's see 01:13:54.210 --> 01:13:56.410 Chris Jance 01:13:56.410 --> 01:13:59.050 this is a long one Chris Jansen 01:13:59.050 --> 01:14:00.930 the dev Chris Jansen dev 01:14:00.930 --> 01:14:03.030 sorry man 5808 01:14:03.030 --> 01:14:05.010 Q what action steps do 01:14:05.010 --> 01:14:06.830 you recommend for the listeners 01:14:06.830 --> 01:14:08.990 in day to day life to help bring the change 01:14:08.990 --> 01:14:10.710 that we need 01:14:13.890 --> 01:14:15.010 um I 01:14:16.150 --> 01:14:16.950 I don't 01:14:16.950 --> 01:14:18.770 know which which conversation 01:14:18.770 --> 01:14:20.830 that was about ultimately people 01:14:20.830 --> 01:14:23.230 not believing they have an obligation 01:14:23.230 --> 01:14:24.730 to go along with any of this crap 01:14:24.730 --> 01:14:26.110 collapses the whole thing 01:14:26.850 --> 01:14:28.550 in the short term in the meantime 01:14:29.130 --> 01:14:31.350 doing things like what wealth battle covers 01:14:31.350 --> 01:14:33.310 to try to avoid being robbed 01:14:34.230 --> 01:14:35.930 within the rules of 01:14:35.930 --> 01:14:36.710 the robbers 01:14:37.710 --> 01:14:39.510 like that there's 01:14:40.790 --> 01:14:41.730 there's always 01:14:41.730 --> 01:14:43.650 this balance and I 01:14:43.650 --> 01:14:45.890 very loudly suggest that other 01:14:45.890 --> 01:14:47.930 people not choose the balance where I 01:14:47.930 --> 01:14:49.710 did there's the balance between 01:14:49.710 --> 01:14:51.510 okay how much risk do you want 01:14:51.510 --> 01:14:53.650 to incur to try 01:14:53.650 --> 01:14:55.670 to do something else that isn't about 01:14:55.670 --> 01:14:57.550 security and you know 01:14:57.550 --> 01:14:59.870 financial stability and how much do you 01:14:59.870 --> 01:15:01.330 want to like take care of your family 01:15:01.330 --> 01:15:03.430 and make sure you provide for your future 01:15:03.430 --> 01:15:05.370 and there's sort of a tradeoff 01:15:05.370 --> 01:15:07.070 in a lot of ways and when I literally 01:15:07.070 --> 01:15:09.090 invited the feds to prosecute me 01:15:09.090 --> 01:15:11.230 that was very much on the side of yeah 01:15:11.230 --> 01:15:12.790 I'm doing something that nobody else should do 01:15:12.790 --> 01:15:15.290 this is not how you remain safe 01:15:15.290 --> 01:15:17.590 but I have to do it for other reasons 01:15:17.590 --> 01:15:19.610 that I'm not even gonna get into right now 01:15:20.310 --> 01:15:21.270 um but 01:15:21.270 --> 01:15:23.410 to me there's the mindset of the people 01:15:23.410 --> 01:15:25.370 when the people stop thinking like slaves that's 01:15:25.370 --> 01:15:27.250 the end of the empire in the 01:15:27.250 --> 01:15:29.070 meantime if people 01:15:29.070 --> 01:15:31.210 at least have more practical ways 01:15:31.210 --> 01:15:32.730 to try to get robbed less 01:15:32.730 --> 01:15:35.310 and deal with each other on a basis that doesn't 01:15:35.310 --> 01:15:37.290 have government tentacles in everything 01:15:37.290 --> 01:15:38.410 um 01:15:38.910 --> 01:15:40.930 that still has value to it 01:15:40.930 --> 01:15:42.990 especially when you're talking about trying to get 01:15:43.850 --> 01:15:44.450 voluntarious 01:15:45.070 --> 01:15:46.790 and anarchist to be more 01:15:47.770 --> 01:15:48.370 prosperous 01:15:48.890 --> 01:15:50.610 and not constantly be broke 01:15:50.610 --> 01:15:53.050 um and I know that's a big thing for 01:15:53.050 --> 01:15:54.890 casein is because it's really frustrating 01:15:54.890 --> 01:15:57.130 to see the principal people who believe 01:15:57.130 --> 01:15:59.150 in freedom usually having kind 01:15:59.150 --> 01:16:00.070 of crappy finances 01:16:00.070 --> 01:16:01.410 myself included 01:16:02.920 --> 01:16:05.070 and lots of liars and scumbags 01:16:05.070 --> 01:16:07.410 having piles and piles of money so the practical 01:16:07.410 --> 01:16:08.770 side of trying to help 01:16:08.770 --> 01:16:10.470 the people who believe in freedom 01:16:11.120 --> 01:16:12.370 even in the short run 01:16:13.060 --> 01:16:14.590 have more prosperity 01:16:15.020 --> 01:16:16.450 to do stuff with 01:16:17.130 --> 01:16:19.290 is also very important for now 01:16:19.290 --> 01:16:21.170 while we're waiting around to topple 01:16:21.170 --> 01:16:21.970 the state entirely 01:16:21.970 --> 01:16:29.300 and I would say be more resilient 01:16:29.300 --> 01:16:30.780 like have more control 01:16:31.480 --> 01:16:32.960 on a day to day basis 01:16:32.960 --> 01:16:34.420 the more productive you can be 01:16:35.100 --> 01:16:37.020 um the more you can generate 01:16:37.020 --> 01:16:38.940 the stronger position you're in 01:16:38.940 --> 01:16:41.080 and the stronger position you're in the more options you have 01:16:41.080 --> 01:16:42.480 I mean that's just the reality of it 01:16:42.480 --> 01:16:45.060 the wealthy are not paying a lot in taxes 01:16:45.060 --> 01:16:47.480 they're not participating in these things 01:16:47.480 --> 01:16:49.160 because there's more available to them 01:16:49.160 --> 01:16:50.660 when they have capital to play the game 01:16:51.400 --> 01:16:53.040 so I'd say be more productive 01:16:56.060 --> 01:16:57.680 cool the chat is lit up 01:16:58.260 --> 01:17:00.120 two things so I'll throw this in 01:17:00.120 --> 01:17:01.900 and I think this will be more directed towards you Lisa 01:17:02.420 --> 01:17:03.680 the chat is basically saying 01:17:03.680 --> 01:17:05.300 like y'all are turned around 01:17:05.300 --> 01:17:07.900 you need to define your terms appropriately around currency 01:17:07.900 --> 01:17:08.820 and money and I know that 01:17:09.940 --> 01:17:11.880 that's something that we're not going into 01:17:11.880 --> 01:17:14.100 super deep right now but maybe we can throw in a little bit of that Lisa 01:17:14.520 --> 01:17:15.980 but then also there's a question 01:17:17.100 --> 01:17:17.900 from TSA 01:17:18.780 --> 01:17:19.180 Tech 01:17:19.180 --> 01:17:21.160 writing at Lisa 01:17:21.160 --> 01:17:23.600 do you know much about taxes for short term traders 01:17:24.280 --> 01:17:26.000 this is going to get into a specific legal advice 01:17:26.000 --> 01:17:27.680 does it make sense to start an LLC 01:17:27.680 --> 01:17:29.180 to trade inside of 01:17:29.180 --> 01:17:31.380 this seems very poignant for you 01:17:31.860 --> 01:17:32.680 I'll turn it to you first 01:17:34.280 --> 01:17:35.120 so yes 01:17:35.120 --> 01:17:36.580 currency and money is different 01:17:36.580 --> 01:17:38.920 there's a very general broad conversation 01:17:38.920 --> 01:17:40.980 to get concepts across not to define the terms 01:17:40.980 --> 01:17:43.760 because I feel like we've done that on many occasions 01:17:43.760 --> 01:17:44.800 unlike Larkin reference 01:17:44.800 --> 01:17:46.440 read the creature from Jackal Island 01:17:46.440 --> 01:17:47.780 read some of Mike Maloney's books 01:17:49.340 --> 01:17:51.620 so yeah we're talking about fiat currency 01:17:51.620 --> 01:17:53.440 essentially in most of this conversation 01:17:53.440 --> 01:17:55.080 in terms of specific 01:17:55.080 --> 01:17:56.780 questions like that 01:17:56.780 --> 01:17:58.420 that is not something that is 01:17:58.940 --> 01:18:01.120 we're going to answer online because it's a very 01:18:01.120 --> 01:18:03.340 specific question with a lot of details 01:18:03.340 --> 01:18:04.420 that we probably need to get into 01:18:04.980 --> 01:18:07.860 but we're happy to talk to you if you want to text us 01:18:07.860 --> 01:18:09.120 just shoot us a message 01:18:09.800 --> 01:18:11.840 I put the number on the screen 01:18:11.840 --> 01:18:13.040 at the bottom y'all 01:18:13.040 --> 01:18:15.940 so if you have a question you can text well to that number 01:18:15.940 --> 01:18:17.520 and then after this chat Lisa 01:18:17.520 --> 01:18:19.260 can respond to you directly 01:18:20.240 --> 01:18:21.620 and take that conversation 01:18:21.620 --> 01:18:22.960 wherever it needs to 01:18:22.960 --> 01:18:24.200 so that's kind of fun 01:18:24.200 --> 01:18:26.300 let's see here 01:18:26.300 --> 01:18:29.260 who else 01:18:29.260 --> 01:18:31.080 ah yes okay so this one's 01:18:31.080 --> 01:18:33.080 ah yes 01:18:33.800 --> 01:18:35.880 here is a fun question 01:18:35.880 --> 01:18:37.360 from S.Nover 01:18:37.360 --> 01:18:39.380 or S.Nover studios 1 2 3 01:18:39.380 --> 01:18:41.660 hey Larkin what about wars 01:18:41.660 --> 01:18:43.300 being good for the economy 01:18:43.300 --> 01:18:46.020 this was asked around the time of the broken window fallacy 01:18:46.020 --> 01:18:47.860 so I'll turn it over to Larkin 01:18:48.560 --> 01:18:50.560 yeah if I wasn't in a rush 01:18:50.560 --> 01:18:52.660 at the end there because our cat got out 01:18:52.660 --> 01:18:53.600 he didn't 01:18:53.600 --> 01:18:56.520 our indoor cat got out I had to go retrieve 01:18:56.520 --> 01:18:57.660 him while Amanda was in here 01:18:58.360 --> 01:19:00.560 because I was mentioning how war is destructive 01:19:00.560 --> 01:19:02.320 yeah the ridiculous myth 01:19:02.320 --> 01:19:04.180 that war is good for the economy 01:19:04.180 --> 01:19:06.480 like when government has the 01:19:06.480 --> 01:19:08.100 ability to pull strings 01:19:08.100 --> 01:19:10.120 and throw a bunch of money into circulation 01:19:10.120 --> 01:19:10.880 and stuff 01:19:11.560 --> 01:19:14.240 people who don't grasp even just basic 01:19:14.240 --> 01:19:15.440 cause and effects like 01:19:15.440 --> 01:19:18.380 people use the word economics and then it sounds 01:19:18.380 --> 01:19:20.260 like some half-falutin 01:19:20.260 --> 01:19:22.360 complicated thing it's just human behavior 01:19:22.360 --> 01:19:23.520 and cause and effect 01:19:23.520 --> 01:19:25.920 and yeah it can get complicated at times 01:19:25.920 --> 01:19:28.420 but anybody who actually believes 01:19:28.420 --> 01:19:30.180 that blowing a bunch of shit up 01:19:30.820 --> 01:19:31.900 enriches humanity 01:19:31.900 --> 01:19:33.640 like you get an F 01:19:33.640 --> 01:19:36.340 without even needing an explanation you already 01:19:36.340 --> 01:19:38.300 get an F in basic economics 01:19:38.300 --> 01:19:40.180 and if you disagree 01:19:40.180 --> 01:19:42.500 I suggest you blow up your own house 01:19:42.500 --> 01:19:44.280 and think how rich you'll be as there is 01:19:44.980 --> 01:19:46.580 it's just so patently stupid 01:19:46.580 --> 01:19:48.880 and it is absolutely something that government 01:19:48.880 --> 01:19:50.140 and government 01:19:50.140 --> 01:19:52.560 economists talk about oh I really 01:19:52.560 --> 01:19:53.760 boost the economy 01:19:54.400 --> 01:19:56.400 no it's thinking doesn't but if you play 01:19:56.400 --> 01:19:58.520 weird games that have an effect 01:19:58.520 --> 01:20:00.420 so that people go well right now 01:20:00.420 --> 01:20:02.000 these things seem to be good 01:20:02.580 --> 01:20:04.520 and they don't understand how 01:20:04.520 --> 01:20:06.760 that's a temporary show 01:20:06.760 --> 01:20:08.360 then they're gonna fall for that 01:20:08.360 --> 01:20:10.380 but yeah just at an instinctive level 01:20:10.380 --> 01:20:12.380 how can anybody actually 01:20:12.380 --> 01:20:14.600 think that blowing up a bunch of property 01:20:14.600 --> 01:20:16.460 makes people richer like 01:20:16.460 --> 01:20:18.060 apply that to your own life 01:20:18.060 --> 01:20:20.520 you think that's gonna blow up all your stuff 01:20:20.520 --> 01:20:21.880 see if you're richer 01:20:23.060 --> 01:20:24.200 it's just pathetic 01:20:25.440 --> 01:20:26.940 yeah I loved what 01:20:27.500 --> 01:20:28.640 who was that 01:20:28.640 --> 01:20:30.480 Jesser P wrote good for the military 01:20:30.480 --> 01:20:32.760 industrial complex like yeah 01:20:32.760 --> 01:20:34.400 good for them 01:20:34.400 --> 01:20:37.160 not good for me not good for you 01:20:38.520 --> 01:20:40.360 Lisa did you want to add anything to that 01:20:40.360 --> 01:20:41.280 before we move on to the next one 01:20:42.280 --> 01:20:43.440 nope again 01:20:43.440 --> 01:20:44.540 okay got it 01:20:45.260 --> 01:20:45.880 let's see 01:20:45.880 --> 01:20:48.160 this one's directly to Larkin 01:20:48.160 --> 01:20:49.420 CA to UT 01:20:50.440 --> 01:20:52.900 16 writes Larkin how about a 01:20:52.900 --> 01:20:54.580 Jones Plantation sequel where 01:20:55.280 --> 01:20:57.300 Samuel like characters figure out how to 01:20:57.300 --> 01:20:58.900 get others to agree with them and 01:20:58.900 --> 01:21:00.880 rebel and they overthrow Mr. 01:21:01.260 --> 01:21:01.760 Smith 01:21:02.980 --> 01:21:03.880 a happy ending 01:21:06.500 --> 01:21:08.840 I'm gonna say a thing 01:21:08.840 --> 01:21:11.040 it won't actually be a Jones Plantations 01:21:11.040 --> 01:21:13.080 sequel someday I hope to 01:21:13.080 --> 01:21:15.060 have the money to make my novel 01:21:15.060 --> 01:21:16.800 the iron web into 01:21:16.800 --> 01:21:18.600 a movie and I'm not gonna elaborate 01:21:18.600 --> 01:21:21.040 down that to spoil anything about the 01:21:21.040 --> 01:21:22.600 novel that's all I'm gonna say 01:21:22.600 --> 01:21:24.940 but I'm saying it in response to that 01:21:24.940 --> 01:21:25.360 question 01:21:27.060 --> 01:21:28.900 wonderful actually there was there was another comment 01:21:28.900 --> 01:21:31.000 that I didn't put in this that was like the iron web is 01:21:31.000 --> 01:21:32.200 a great and well written 01:21:32.860 --> 01:21:34.500 novel and should be adapted to a movie 01:21:34.500 --> 01:21:36.540 so I don't know who wrote that 01:21:36.540 --> 01:21:38.400 but it was there you of course you agree 01:21:38.400 --> 01:21:39.220 of course you agree 01:21:39.220 --> 01:21:42.200 let's see 01:21:43.340 --> 01:21:44.300 oh shucks 01:21:45.860 --> 01:21:46.640 let's see 01:21:46.640 --> 01:21:48.900 I'm looking through other messages man 01:21:48.900 --> 01:21:50.060 the chat is just 01:21:50.060 --> 01:21:52.500 it's a lot there's a lot here y'all 01:21:53.260 --> 01:21:54.420 yeah it is my 01:21:54.420 --> 01:21:56.240 and also it's gonna be chaos 01:21:56.240 --> 01:21:58.100 is this your first live Larkin is this 01:21:58.100 --> 01:22:00.180 is this us twisting your arm into the first live stream 01:22:00.180 --> 01:22:02.180 effort it might be 01:22:02.180 --> 01:22:04.640 live Facebook I don't think I've ever done a live 01:22:04.640 --> 01:22:06.840 YouTube I have saved at least 01:22:06.840 --> 01:22:09.000 four comments saying Larkin needs to go live 01:22:09.000 --> 01:22:10.680 more often just to twist your arm 01:22:10.680 --> 01:22:11.260 further later 01:22:12.220 --> 01:22:12.740 yeah 01:22:14.260 --> 01:22:16.360 yeah you should you should 01:22:17.480 --> 01:22:18.000 Zoe 01:22:18.640 --> 01:22:20.560 Sullivan 3 1 1 2 says yeah this 01:22:20.560 --> 01:22:22.340 definitely needs to be a series about how 01:22:22.340 --> 01:22:24.660 status and ruins everything hitting different topics so that's 01:22:24.660 --> 01:22:25.200 kind of fun 01:22:26.660 --> 01:22:28.540 yeah I mean unless anybody else has any 01:22:28.540 --> 01:22:30.540 other burning questions tag 01:22:30.540 --> 01:22:32.620 at Larkin rose so it sticks out on my 01:22:32.620 --> 01:22:34.840 screen otherwise it's just buried in there 01:22:36.360 --> 01:22:38.700 other than that I mean I'll turn it over to 01:22:39.560 --> 01:22:40.620 Larkin and Lisa for 01:22:40.620 --> 01:22:41.700 any final thoughts 01:22:42.600 --> 01:22:44.960 go from there so y'all have fun 01:22:46.420 --> 01:22:49.040 can throw it to Lisa first if she has any 01:22:50.180 --> 01:22:51.060 closing comments 01:22:53.420 --> 01:22:55.620 just in talking about this I think the thing that 01:22:55.620 --> 01:22:57.320 stood out to me is just what can we do 01:22:57.320 --> 01:22:58.220 right like what 01:22:58.220 --> 01:23:00.860 what would give us some power back like 01:23:00.860 --> 01:23:02.900 what would have us feel productive and 01:23:02.900 --> 01:23:04.840 and have some responsibility in 01:23:04.840 --> 01:23:06.680 our lives and so I think these conversations are 01:23:06.680 --> 01:23:08.820 important but I think taking actions really important 01:23:08.820 --> 01:23:10.940 so if you don't know what to do or you don't know 01:23:10.940 --> 01:23:12.880 even if you're on a ground 01:23:12.880 --> 01:23:14.780 that's strong enough to do something just 01:23:14.780 --> 01:23:16.620 reach out and we're happy to talk about it 01:23:16.620 --> 01:23:18.720 and get you to the next place the next 01:23:18.720 --> 01:23:19.420 step for you 01:23:20.540 --> 01:23:21.960 that's all it's all I got 01:23:25.220 --> 01:23:26.440 Larkin lots of people 01:23:26.440 --> 01:23:28.620 often comment on the fact that I 01:23:28.620 --> 01:23:30.700 I keep things very simple there's a 01:23:30.700 --> 01:23:32.700 million things I don't get into there's a million 01:23:32.700 --> 01:23:34.840 like detailed conspiracies 01:23:34.840 --> 01:23:36.520 that are actually real that I don't even 01:23:36.520 --> 01:23:38.660 talk about because the factual 01:23:38.660 --> 01:23:40.780 side of things matters to me less than 01:23:40.780 --> 01:23:42.220 people actually wanting freedom 01:23:43.060 --> 01:23:44.780 economics is one I go back 01:23:44.780 --> 01:23:46.900 and forth on because understanding 01:23:46.900 --> 01:23:48.820 basic economics is a good 01:23:48.820 --> 01:23:50.660 way to be way less scared 01:23:50.660 --> 01:23:52.880 of the state and way less 01:23:52.880 --> 01:23:54.940 scared of the idea of a stateless society 01:23:54.940 --> 01:23:56.660 because when people go how 01:23:56.660 --> 01:23:58.560 will the roads be built that tells me 01:23:58.560 --> 01:24:00.260 they haven't thought about economics they don't 01:24:00.260 --> 01:24:02.580 understand how it works now like it's 01:24:02.580 --> 01:24:04.500 not tax collectors and congressmen 01:24:04.500 --> 01:24:06.560 out there building a road like you can see 01:24:06.560 --> 01:24:07.700 the people doing it now 01:24:08.620 --> 01:24:10.460 like those people will 01:24:10.460 --> 01:24:12.340 build a road it just won't be 01:24:12.340 --> 01:24:14.640 with stolen loot and so 01:24:14.640 --> 01:24:16.620 it's economics is a big 01:24:16.620 --> 01:24:18.080 thing and of course the the whole 01:24:18.780 --> 01:24:20.520 Australian school of economics is 01:24:20.520 --> 01:24:22.560 80 million books about it I don't usually 01:24:22.560 --> 01:24:24.460 get into detail because they usually just focus 01:24:24.460 --> 01:24:26.160 on the the philosophical 01:24:26.160 --> 01:24:28.320 stuff but it's absolutely 01:24:28.320 --> 01:24:30.820 the case sort of overall 01:24:30.820 --> 01:24:32.320 but also in your personal 01:24:32.320 --> 01:24:34.320 life more of what wealth battle deals 01:24:34.320 --> 01:24:36.520 with that the more you understand 01:24:36.520 --> 01:24:38.580 what the hell is going on the less scared 01:24:38.580 --> 01:24:40.400 you are both 01:24:40.400 --> 01:24:42.460 of a free society and of a state of 01:24:42.460 --> 01:24:44.660 society the more the more predictable 01:24:44.660 --> 01:24:46.480 it can be as a result 01:24:46.480 --> 01:24:48.600 of you kind of knowing what the hell is going on 01:24:48.600 --> 01:24:50.480 at least I think 01:24:50.480 --> 01:24:52.460 it's worth learning a bunch about 01:24:53.540 --> 01:24:54.720 you know economics 01:24:54.720 --> 01:24:56.720 and then specifically the sort of tactics 01:24:56.720 --> 01:24:58.560 they they talk about to try 01:24:58.560 --> 01:25:00.460 to get robbed less 01:25:00.460 --> 01:25:02.480 and be more long-term prosperous 01:25:02.480 --> 01:25:04.220 but I think it's 01:25:04.220 --> 01:25:05.760 important for people to 01:25:06.440 --> 01:25:08.300 again people are afraid of the 01:25:08.300 --> 01:25:10.440 unknown and the fewer things are 01:25:10.440 --> 01:25:12.160 unknown to you the less 01:25:12.160 --> 01:25:13.760 afraid you're going to be 01:25:14.460 --> 01:25:16.640 because the government constantly feeds 01:25:16.640 --> 01:25:18.660 off of that so it's 01:25:18.660 --> 01:25:20.740 there's a ton to talk about in economics 01:25:20.740 --> 01:25:21.780 I 01:25:21.780 --> 01:25:23.920 was a huge fan of Walter Williams 01:25:23.920 --> 01:25:26.200 I shook his hand once before he passed away 01:25:27.240 --> 01:25:28.720 he was sometimes filled in 01:25:28.720 --> 01:25:29.800 for Rush Limbaugh who was 01:25:29.800 --> 01:25:31.620 drastic improvement over Rush 01:25:32.600 --> 01:25:34.760 because economics doesn't have to be this 01:25:34.760 --> 01:25:35.640 weird complicated 01:25:36.840 --> 01:25:37.960 magical thing 01:25:37.960 --> 01:25:40.200 unless you listen to government economists 01:25:40.200 --> 01:25:41.640 it's just about human nature 01:25:41.640 --> 01:25:43.520 and the more people understand it 01:25:43.520 --> 01:25:45.720 the less susceptible 01:25:45.720 --> 01:25:47.880 they are to government fear mongering 01:25:47.880 --> 01:25:48.720 and BS 01:25:48.720 --> 01:25:50.780 so yeah learn more 01:25:50.780 --> 01:25:52.580 it's never a bad thing to learn more 01:25:54.440 --> 01:25:55.440 and with that 01:25:55.440 --> 01:25:58.040 I'll mention I'll do the shameless plug here 01:25:58.040 --> 01:25:59.760 this live stream will remain up 01:25:59.760 --> 01:26:01.960 until the video is edited and posted on 01:26:02.740 --> 01:26:03.780 TheRoseChannel.com 01:26:03.780 --> 01:26:05.800 so if you want to view this recording later 01:26:05.800 --> 01:26:07.540 go to TheRoseChannel.com 01:26:07.540 --> 01:26:09.660 help support Larkin's work because the dude gives away 01:26:09.660 --> 01:26:10.980 almost everything that he does 01:26:10.980 --> 01:26:12.820 for the frizzle for the free 01:26:12.820 --> 01:26:14.820 for the gratis on the house 01:26:14.820 --> 01:26:16.880 so that's a way to support the work 01:26:16.880 --> 01:26:18.540 and also to view other things like this 01:26:18.540 --> 01:26:19.380 so that's kind of fun 01:26:19.380 --> 01:26:21.780 but other than that thanks so much for coming to 01:26:21.780 --> 01:26:23.660 like the first YouTube live we've ever done on 01:26:24.100 --> 01:26:24.780 TheLarkinRoseChannel ever 01:26:25.280 --> 01:26:26.740 and we'll see you down the road 01:26:26.740 --> 01:26:28.800 take care everybody and have a good day 01:26:28.800 --> 01:26:30.400 good evening good morning and good night 01:26:30.400 --> 01:26:31.580 wherever you are in the world 01:26:32.660 --> 01:26:33.180 yee ha 01:26:33.820 --> 01:26:36.020 yes had to sneak one of those in now didn't ya 01:26:36.020 --> 01:26:36.700 didn't ya