sr20230706_Money

Ladies and gentlemen, welcome to this Leroy Report. Today we're recording on Wednesday, July 5th. We've just had a great July 4th in the United States.

I'm in Pennsylvania. This is Catherine Austin Fitz and John Titus for Money and Markets. We have a lot to talk about John. What's our theme? The theme is the revolution was in the minds of the people that is a quote from John Adams. So that was this is one of my favorite quotes about the revolutionary period. And John Adams wrote this after the war and said, you know, that the revolution wasn't the war. That the war was the consequence of the revolution. The revolution was in the minds of the people. And what he meant was you had a shift, a profound shift in consciousness. And if you look at how the revolution was won, it wasn't a lot of people. But you had a profound shift of consciousness in a variety of people who could engineer the revolution. And it's real funny. One of Senator Nicely's favorites quotes about the revolution is he said Washington said all hope is lost. You know, we've lost. He's got this great quote of Washington said lost. And he said, and then some really ordinary folks from East Tennessee showed up. And there was they won a battle on East Tennessee in that area.

And boom, it was I don't know the details of it, but, but it just goes to show you it's never over till it's over. So. Yeah, that's that's John Adams. My own favorite quote is Samuel Adams who said it does not take a majority to prevail. All you need is an irate and tireless minority keen on setting brush fires of people's minds. That is true. That describes us. That's exactly okay. So let's dive in. Let's set some brush fires. Okay, let's start with with the crisis watch.

It's still ongoing. It's a propaganda is any indication. But before we get to the propaganda, let's look at an interesting graphic from the good good people. At who does this? This is visual capitalist visual capitalist visualizing the assets and liabilities of US banks. I want to point out something here. They've got their color scheme is the best. They've got blue for assets and and gold for liabilities, which is I wouldn't chosen that. But anyway, liabilities assets on the left. And that's what we want to focus on. And what I want to point out here is basically this assets are divided into thirds. You have regular kind of loans, traditional loans. Okay, commercial loans, consumer loans, commercial real estate loans, residential real estate. This would be called a loan portfolio. And we'll see that term in a minute. This means you just have these loans yourself. You have it sold them into the market.

You're just going to hold on to them and they come to maturity. Then you have base. Let's just call it cash. Okay, they say cash cash assets. That really means reserves. That does not mean federal reserve notes. That's most of that. I mean, trading assets would be things like stocks. And then down here, you have other, this is treasuries and agency securities, meaning mortgage back securities. And then you have these other securities, which means mortgage back securities and asset back securities that don't have a government backing because if they did have the government backing, they would be in this pile. Right. Okay. Right. So that's that's basically how that shakes out. Now let's go to our first story from financial times. U.S. steps up sales of loan portfolios to private lenders. So loan portfolios is the traditional loans you're holding maturity.

Okay. So and they're pointing to this story is pointing to this little bank, Pac West, which isn't, I don't think it's dead yet. But it was certainly in trouble. Pac West is in trouble. So the financial times tells us and this is where the propaganda starts starts regional and midsize U.S. banks have stepped up efforts to sell off their loan portfolio. So the loan portfolio is okay. Regional banks were back to that old saw a reason this areas this week is the buyer degree to buy 3.5 billion dollars with a B. That's a pittance in this game of things in loans from Pac West, the California bank that came under pressure when SVB collapsed. It paid two billion for assets or worth 2.07.

That doesn't sound much of a haircut. So they previously raised 2.36 billion. Okay. And they tell you here the financial times the vast majority of sellers and potential sellers were regional banks. So again, we're back at this point, which they make several times. But then we get on to this and you look at look who makes an appearance right away. So it's a regional bank problem. And yet this trend is particularly pronounced, including with banks like HSBC, the U.S. arm, which is a huge bank. Another bank is selling its loan portfolios would be Goldman Sachs. Okay.

So right away, you see the in this story, you don't even have to go beyond the four corners of the story. Right. To see that the majority of people selling their loan portfolios aren't regional banks. In fact, they're cities, they're global cities. Both of those banks HSBC and Goldman Sachs are on the FSB's, the financial stability boards list of global systemically important banks. It's not a regional banking problem. Right. And I don't have access to the guts of Goldman or HSBC's loan portfolio. But where you have the biggest problem, Oregon Stanley just came out and said the commercial real estate market is in for a rougher time than during the bailout period. And the reason they are, if you look at U.S. commercial real estate, there's almost $6 trillion of outstanding commercial real estate mortgages. And about 1.4 trillion rolls over between now in 2027, but 250 billion is scheduled to roll over this year still. So at a 6 trillion. At a 6 trillion. But remember, you have in the big downtown areas where the pandemic hit, you've got occupancy rates. You know, I just talked to somebody about a huge mall near where I am. The occupancy rate is now less than 30%. So you, you have, you have downtowns with occupancy rates of 50% or less. And remember, these, these loans have been made at lower interest rates. They have to roll over when interest rates are not only much higher. But now with low occupancy rates, the risk is much higher. So not only that, the value of people aren't paying on the loans.

It doesn't even, at that point, it doesn't matter if you're holding them to maturity or not. If you're not getting an income stream. You don't, you don't, you don't, right, you don't have an income stream to carry the debt at the current interest rates. It's just not, it's not going to work. Now, and, and so, and part of it is if you look at what's happened to those buildings, you know, they've been between the pandemic and sort of the attack on the downtown areas, no policing riots, all these kinds of things. You're, you're getting a situation where you can't make things work economically. And, and if you look at those downtown areas, big commercial buildings, you know, everybody now working from home, who do you think has those in those portfolios. Now, you, I just read an article yesterday that implied that it was the small banks. I assure you the small banks are not carrying the loans of big commercial buildings and downtown San Francisco. That's not where the right. So, so, so we don't have a good breakdown of where the rollovers relate geographically, you know, but, but I dare say the vast majority of the problems are in the large banks here. Yeah, I, we just saw that in the financial times. Right. Right. So, the word they had to fix the worst of the small banks, pack West. But then the next two go to's for their regional bank, these are global city banks, HSBC and Goldman, are you kidding me?

Your own story refutes itself. It's unbelievable. Well, if you look, one, another point to make, if you look at the chart you showed of, you know, whether they have the loan on their balance sheet or they run it through Freddie and Fannie, most of the small banks do commercial, I mean, do residential. So, they've got, they've got single family, multi family, and the big question on, on a lot of those banks, are they running it through Freddie and Fannie and FHA and it's going into the loan portfolio as opposed to, you know, they're keeping it on the bank. And they're going to have a lot of money on balance sheet and it's in the loan portfolio. But, but, yeah. But, you know, right now the residential market looks much healthier and stronger than the commercial. So, I just, I kind of believe you got a big problem in the small banks. But they're selling that, they're selling it like hot cakes. Yeah. And as it drives, as it drives the stocks down the insiders and the small banks are buying, they're not stupid. Right. Right. Yeah. Yeah. All right. Let's go to propaganda and the final story, propaganda story number two and the last story in crisis watch. This involves our good friend BlackRock on everything. BlackRock to the rescue. Here comes to save the day. Okay. This is the stories ridiculous too.

Does it answer any questions that it pumps propaganda. So BlackRock has been hired to sell 115 billion dollars worth of failed bank securities. That would be that's not that's not portfolio loans. Right. That's that's loans over here. Probably other secure. Right. Okay. So BlackRock has been brought in to sell these things. Why, why isn't, okay. So the initial matter is well, why aren't they brought in to sell the portfolio loans. Okay.

The story never answers that. But let's just continue on with the story. According to the FDIC, BlackRock will conduct the sale of 27 billion dollars of securities from signature and 87 billion from Silicon Valley bank. The holdings are mostly agency back mortgage agency mortgage spec securities. Let's say, so this is backed by the government, right. Collateralized mortgage obligations and commercial MBS. So these in other words, it's really. So there's the commercial MBS right that I was just talking about. Right. That's that's what they're selling. Okay. So here's the thing they were chosen by by these two banks have gone into receiver. And so it's, it's, it's the, you know, I don't know if it's the California State government of the feds government is steering this through BlackRock and the question is why the questions why that's a great question. Why in other words, why. Okay, let's say you're selling that stuff that's fine. Then not sure why you're not selling the portfolio loans to but whatever, maybe somebody else is doing that the article never says, but the question is why. Why are they doing this? Why isn't the FDIC doing this? Okay. Look at the reason given by this article. This is ridiculous. This move by BlackRock aims to not only benefit the government and the FDIC, but also the economy as a whole by selling these securities in a gradually and orderly manner. The potential for any adverse impact on market functioning is minimized. Well, that's completely BS. That is.

Of course it is. The FDIC could dispose of these in a gradual process and use competitive bidding, open competitive bidding. And the only reason why you wouldn't want to do it is when you want to put money in BlackRock's pocket. So it's pay all or you want to keep something secret. The only reason you bring BlackRock in is if you need to sell them quickly because they have the bandwidth to do that and FDIC, the FDIC can slow walk it. Just as slow as BlackRock can. Right. Right. Well, here's the question is there's something about the commercial portfolio, the commercial MBS that they want to keep quiet or steer. Great question. That's a great question because you and and the BlackRock is not going to get you anything. Okay, so so I'll just be a bad guy here because during good let's go back to the pandemic. Remember we had 37 cities where there were 37 cities where there's fed offices 34 of those those offices had nearby riots. What a coincidence. And I said, okay, if I was going to build the smart grid out, I'd want to make sure it was, you know, first built into the pipeline was first built into the fed offices. And so the question is on any of that commercial MBS because you're going to have a lot of defaults is their steering going on. It's just a question. But right, right. Right. It's a good question. BlackRock is your man for steering. I know.

So just disclosure. At Hamilton, I hired BlackRock to help do the HUD long sale programs. That's how they first got on the advisory side of, you know, I hate to say this. We helped train them for this business. And the guy, you know, the guy who ran it was brilliant got so fed up with the corruption of BlackRock. He took off after, you know, after the whole thing. But that's how I, you know, that's how I got to, you know, have fights with Larry Fink. Well, that's a, that's a big demare of their fits. That's not good. Well, the BlackBrem was in BlackRock, and they were just, you know, young and starting out. Yeah, they just starting out. I didn't even have a trillion dollars back then. Well, but the guy, the guy, you know, I hired it to get West Eden and he, they did a great job. He was great. But unfortunately, he was at a, you know, Larry was something else. And we came apart.

And he ended up fighting with them tooth and nail. So yeah, good, good. Okay. I'll erase that demare. That's good. Okay. Let's transition over to Fedwatch, but keep the theme of BlackRock going here with this is again from the visual, visual capitalist. Yeah, visual capitalist. Visual. I don't know why I'm hung up on that. But what we're looking at is their top BlackRock's top equity holdings. A graph of their top equity holdings. This is, this is like, this is astonishing. This, this chart here. Look at the, here's their holdings. Look at this, so the blue here.

Look at the size of that wedge in that pie. Right. You know, Apple just hit three trillion. So BlackRock's BlackRock and Vanguard and state street are the leaders in the index funds. Yeah. And so they're going to, they're going to very much. I don't know if this is the, the, the stuff they're doing for the ETFs or the asset management or both. But, but they're going to end up because of their prominence in index funds. They're going to end up with the, you know, whatever the market looks like.

They're going to end up with a pro rod out of the market. Apple just hit three trillion dollars in market. Well, remember a couple of weeks ago we did, we did, we pointed out that the NASDAQs up, but it's really being dragged up by a small number of companies. Well, look at this. There you go. There you're companies. That was the Apple. Right. And video was in that, and Microsoft was in that.

I don't know about Broadcom, but there really matter. It's a drop in the ocean there. The subsidy, the subsidy being engineered into pumping anything that feeds the smart grid is astonishing. The other thing, okay, so, yeah, that's what this says here. Information technology, BlackRock is waste deep in information technology. And surprisingly, healthcare, not so much. You know, anyway, that's just, that's an amazing chart to see where BlackRock's. Well, the value of healthcare is what it can deliver and control with the central macers. Yeah, right. It's not in the fundamental industry itself. Right. Right. That's true. Yeah. Okay, let's keep it going with the story about Hunter Biden. This is just will not get out of the news. And we'll see what the deal with the DOJ does with it. But remember the big thing that Hunter Biden is, you know, he had that laptop, but he lost it.

And it comes out on the laptop. Basically, you could, you know, an idiot attorney could make a case. This guy is just selling influence, pedaling all over the world while his dad is vice president. That's what he's doing. Okay, and making a lot of money doing it tons of money for the family. But let's look at the story is the me. Let me just stop here for a second, because it's a legal matter. I'm assuming what Hunter Biden did what first of all, it's illegal. It's criminally illegal taking kickbacks is illegal. But, you know, it could also fall into the conditions of treason as a legal matter. Yeah, it's pushing that. Right. Certainly it's selling influence betraying the country's trust for profit is a crime that can rise. You're right. If the buyer has the wrong identity, he can rise to the level of treason.

No doubt about that. But it's Hunter Biden. So there's a lot of salacious details that we really lose side of the ball here. And this daily mail story is exactly this, but this gives you a flavor for the kind of people who are in the White House. Daily mail exclusive life in the fast lane reckless Hunter Biden photograph driving himself 172 miles an hour. Let's just go through the pictures. Okay, he picked up his phone to snap a picture while driving to Las Vegas at 172 miles an hour in a Porsche in 2018, because he's going to go meet multiple prostitutes. And this is found on his laptop. So here's Hunter Biden naked in the hotel room. Here he is driving 172 miles an hour. Here he is smoking crack because he drives to a Virginia neighborhood takes a picture of himself doing that. He's not going 172. He's only 135 smoking the crack pipe.

So I feel a lot better. There's the Porsche and on and on. There he is with the hooker telling her I lost my laptop another hooker and on and on and on and on. He nods off behind the wheel has a crash then lies the hurts about the crash and says he was run off the road. Blies to the insurance company lies to the rental car company. Finally, that's not a hooker. That's his daughter. Finally, he gets in front of a prosecutor who's no nonsense about drugs. And she's going to, you know, she's really big on prosecuting people for CBD and hemp. But on November 16, she declines the process to the case for whatever the reason. Okay, so that's the background on Hunter. No mention at all selling influence. And now we come to the indictment from the US attorney in Delaware. You can see so they're not suing them. There's some in his home court.

So make sure everything goes well. And we got two counts here. Okay, count one is 2017. He had income tax in excess of $100,000. Yes, well, that's what you get when you were selling influence. You make a lot of money doing that. And count two is the same count really in 2018. And then there's a separate charge down here for you. You were addicted to a controlled substance and you had illegally possessed a firearm. So he's getting a slap on the wrist in his backyard. When the real problem is that his family is a criminal enterprise that sells influence to foreign governments and to foreign companies. Right. So the problem is treason or or kickbacks. And and to say, you know, you can commit treason and you can sell the country down the river. And it's okay as long as you pay your tax. For two years, but you know, the rest of the time. And you know, is a practical matter. This indictment is going to sweep everything under the rug. They're going to say, regardless of what you say about honor by the end of the future, they can say we already looked at it. He was prosecuted. Justice has been done. So keep your mouth shut beyond. You know, from what I've only been in the country for two weeks, John, but from what I've seen, this is not working though. You know, the normal double down on, oh, you know, the Department of Justice said it wasn't bad. It's been taken care of all that kind of stuff.

It's not working. And that's because people are really struggling with inflation. And they see something like this. And you know, for them. A certain amount of money is the difference between sending your kids to college and not sending to college or life and death being able to pay for an operation, not being able to pay for an operation. And they're they're looking at this. And I find most Americans still appreciate productive enterprise. And they what they're watching is not, you know, not corruption that's a tie of 10% on the economy. They're watching corruption that destroys the productivity of economy permanently. And they're looking at the potential for real systemic failure. And they're scared. And so it's not working.

There's just too many people coming out of the trance. That's that which is a good thing. We need a lot more. I must point out the Republican. If there was ever a situation Taylor made for a special prosecutor, this is it. Right. Because the president is knee deep in this himself. He's a business partner of his son. His son is selling influence battling through his father.

His father is inner glee. And inextricably wound up in this. And yet Republicans are totally quiet and not saying, hey, we need to speak. Don't we need a special prosecutor to look at this? So you're ahead of the DOJ. Aren't you self interested in what the DOJ is and is not doing with your son, but nope, not peep from the Republicans. Right. But here's the horrible, horrible reality we're all facing. If you look at the information that is publicly available on the financial management of the government and the information that is publicly available. The entire Congress and the White House are engaged openly in creating treason in committing treason. Yeah. Right. Yeah. That's right right out in the open and they're knee deep in Ukraine too, which is part of that laptop story. Right. So we have a systemic institution of treasonous behavior and the question for all of us is, okay, what if it's really that bad, what are we going to do about it? And the good news this week is we're about to go into a series of stories about judges who've just, you know, you have a whole professional class who for some reason have now decided, okay, we can do something about this. And we are going to do something about this. So yeah, we're starting to see signs of that. My point about Republicans isn't, you know, Republicans bad down. It's the notion that there's two parties as a ridiculous. There's a uniparty. Right. And it does whatever the criminal class wants it to do. And in this case, it's going to keep its mouth shut and not every even not even breathe the word special prosecutor or independent council. Right. But remember a lot of a lot of those people are afraid for their lives. It's not it's not just corruption. It's not just that they're on the take. You know what we need we need to take one for the team party, which says I do the wrong thing even if I got to take one for the team. Right. Exactly. Yeah. No, he's going to do that. And so without the moral courage, without the moral courage, we're just not going to go anywhere with any of this.

Well, the revolution was in the minds of the people. Let's see if we can change our mind. Let's hope so. Okay. Let's go to the judges and some better news. Supreme court gets rid of affirmative actions and college admission affirmative actions gone. Colleges and universities can no longer use race as a factor in their admissions decisions. The Supreme Court ruled on Thursday striking down the decades long practice. The court ruled affirmative action. It violates the 14th amendments, equal protection clause, which is kind of obvious and has been for a long time, but hey, better late than never. Crucial quote students must be treated based on his or her experiences as an individual, not on the basis of race. Many universities have for too long done just the opposite Roberts wrote and in so doing they've concluded, Riley, that the touchstone of an individual's identity is not challenges best in skills, builds or lessons learned, but the color of their skin. Couple surprises in this ruling here are surprising fact number one. The decision does not apply to military academies. We'll get to the military in a minute. And number two, this surprised me 41.5%. That's the approximate percentage of US universities that take race into account winning determining admissions.

I think that might be a little on the low side looks low. So how do they know if you if you strategically, if you think about this, how do we get rid of affirmative action across the board? This is just colleges. So how do we get rid of it in business? Because if you look at the compliant costs of affirmative action, you know, I can't tell you how much time and money this is wasted in business, particularly small business. Well, attorneys, you know, serving courts, obviously, it's a very important institution and believe me, there are tons of attorneys and tons of clients right now looking like, hey, how can we use that decision to our own advantage. The litigation training is just begun. You think, okay, well, that's good news because I think there's a lot of unbelievably expensive and wasteful compliance that needs to get blown out. So I agree, I agree. I can't imagine what that's like that compliant. I can from having worked into law firm and seeing kind of a global law firm sort of the hoops that would go to to comply with this kind of. So Hamilton's securities was a government contractor and I spent a fortune of time and money dealing with this and it was interesting because it was a, you know, it was a constant war and I remember twice different, we were broker dealer and different state. And different entities tried to put us in municipal bond deals where we would get a check and I said, no, we, you know, we won't do it. And they said, well, you're eligible because you're a woman on firm and we'll just send you a check. You don't have to do anything. And I said, I refuse to take money for doing nothing. That's just corrupt. And what was interesting is one of the states we turned down ultimately, there was a big investigation of firms, you know, minority owned or women owned firms taking check. And doing nothing. So we, we dug that one, but it was, it was a very expensive, wasteful process and we used to constantly get dinged because we refused to have an affirmative action plan.

We always stayed less than 50. And, and the big firms like first Boston, price waterhouse would get the 10 points because they had these, I mean, they had a whole departments and experts and compliance and, you know, and it was all complete. Yeah, yeah. Most, most of which is perception management, which is what I saw inside my law for is like, you know, you're, it's a nice game of corporate twister. You have going there, but it's just your manufacturing illusions to keep up profits and to satisfy people on the outside. And that's all you're doing. There's nothing real has changed. Well, but here was my problem. You know, a corporation being good for women, you know, a company like a JP Morgan Chase could engage in predatory lending that would destroy families and, you know, mothers with kids and promote all sorts of things that poison us and be horrible for women and their families. And then because they hired lots of women from Harvard Business School, they're great for women. How can that be great for women? It's not just the answer to that. It's a perception management again. Right. So there was an unreality. There's always been an unreality to it that to me, I find frightening. Yeah, right. Right. That unreality has got a lot bigger in the last few decades. Right. Hey, you know, like I say, better late than ever with that decision. Let's turn to the military though, since that story did bring up the military.

And this is the first to two stories where it's like, hey, why don't you look inside instead of blaming the outside world? Anyway, from the Wall Street Journal, here we go. The military recruiting crisis, even veterans don't want their families to join. That doesn't sound good. The children of military families make up the majority of new recruits in the US military. That pipeline is now under threat, which is bad news to the Pentagon's already acute recruitment problems, as well as America's readiness. Influencers are not telling them to go into the military, says Admiral Mike Mullin, former chairman of the Joint Chiefs of Staff. Alms and dads, uncle's coaches, pastors don't see it as a good choice. Here you go.

Here's the first to deal. After a patriotic boost to recruiting the fall 9-11, US military has endured 20 years of war in Iraq and Afghanistan with no decisive victories. No decisive victories is one way of putting it. Humiliated defeat would be another. That might be a problem. Not only that, only 9% of young people ages 16 to 21 said last year they would even consider military service down from 13% before the pandemic. And also keep in mind that a lot of these young people, they're not going to pass the ASVAB, Armed Services, Vocational Up to 2 Battery, and they're not in shape. So you have that too. But here we go. What are defense officials going to do about it? They're saying they're not doing a good job of battling what they call misperceptions. They said many family, what their childrens to go on to higher education after high school, considering the military as a stumbling block instead of the stepping stone. So the blame is, there's like, well, it's perception. That's only that silly problem.

Not off perception. So two points. When Danny Rankor first did his look at the rise of all-cause mortality coming out of the, you know, after the injections, you know, to everyone's surprise, one of the biggest rise of all-cause mortality was in the Southern States where the military recruits and gets most of their, you know, most of the people who join voluntarily. And the rise was there in the age group that would normally go into the military. So you're talking about young men in the seven Southern States that provide recruits to the military. And they have one of the highest rises, that cohort of all-cause mortality. And don't think that that's not part of this. Yeah. That's definitely, yeah.

So you have even calls that region the Southern smile because it's right of the shape of the swath it makes across the Southern US. Right. So the DUD has a is distributing bio weapons in the Southern smile that just happened to trigger the rise of all-cause mortality in the very kids they need to recruit. And then they're saying they're having trouble recruiting. Really? Yeah. Yeah. Right. Right. Yeah. Yeah. Now at the same time, I want, I just finished watching a detailed description by Kennedy who spent, who spent three days at the border looking at immigration. And he said, okay, seven million people I come across, I don't know if it's the last year or so far this year. A lot of them are coming in from Africa and Asia, you know, Pakistan and sort of the stands. And somebody has arranged for them to come all the way to Mexico so they can just walk across the border. And he says the borders are open.

They're just walking across. But what you got is a lot of military age young men. And I think what's going to happen is they're going, they're going to find a way, you know, because it used to be that you could sign up and if you were in Mexico and you'd come over, join the Navy and, you know, by serving in the Navy for a certain period of time, you would win your citizenship. And my guess is part of that immigration pipeline, they're going to use to fill up the army with non-Americans. Wow. Wow. Well, we'll see. Time will tell. All right. The next blame someone other than yourself story is from Macron in France. He demands platforms delete riot content blame social media and video games for projects spread. There he is, a little rendition of Macron with the Paris burning in the background. Here's what he says he pleased the social media giants to erase the most sensitive content pertaining to the rioting and these are quotes from Macron. Platforms or networks are playing a major role in the events of recent days. Okay. We've seen them snapchat tick tock and several others serve as places where violent gatherings have been organized. But there's also a form of mimicry of the violence with some young people, which for some young people leads in the loose touch with reality. You get the impression that some of them are experiencing on the street, the video games that have intoxicated them. So that's the problem that we have all these problems on the street because suddenly people have been intoxicated by video games and are just acting out the video games on the street. It has nothing to do with him changing the pension fund age or cutting various benefits or in relation to listen to the yellow of S for year after year after year. Nothing to do with that at all. Right. Nope.

You know, my guess is if you had an honest poll in France, Macron's approval rating would be less than 10%. Yeah. It would be phenomenal. Right. Right. It'd be out. Right. That's the truth. Okay. This is the last story we have in Fedwatch. This is from Toby Rogers. This is a really interesting thought piece. How then shall we think about the economy? It's worth reading the whole thing. I just want to touch on a couple of high points. His real story here, the United States has undergone a radical economic restructuring over the last few decades. It's now organized around producing poison, pharma, pesticides, plastics, frank and food. So poison is one. So it produces poison. It produces war, military contracts. It produces energy, oil, natural gas, and forgetting. That's the other industry is forgetting. The big media industries that produce stories that narcotize society, society into ignoring how bad things are. And against the backdrop of all this, big finance is behind all of it. Big industries own the political and regulatory system we are now living under a new form of fascism. But it's really a new form of fascism because it's not a partnership between industry and government. But a government as a wholly owned subsidiary of industry. And then he goes on, he touches on this point of the narcotization and media's role in this. Because the primary industries in the US produce poison and misery, the ruling class requires a vast cultural system to produce ongoing amnesia about our situation. So countless streaming services and social media companies figure out how to capture our attention 24, 7,365. So that we never actually stop and think about what is being done to us. Endless shows about doctors and pandemic and movies that dramatize the lives of CIA type operatives. Glorify the very industries that make us miserable and that is a dynamite point. Right.

One of the things I, because I love what Toby Rogers is doing and I think this is a great piece. Once right now you have millions of Americans struggling, you know, going to the doctor and they're on this medical treadmill and they haven't as a matter of consciousness realized, oh, I'm not sick. I'm being poisoned and not only that, I can reverse it. But they need, you know, they're never going to hear that from their doctor and they're never going to get that consciousness until they connect the dots. You know, once you have that suddenly you have a whole new way of dealing with it, which is far more effective than staying on the pharmaceutical medical treadmill. You got to get off that treadmill. But first of all, you've got to see, oh, yeah, it's a healthcare problem, but it's really it's also a political problem and it can be fixed. There is a great deal that people within a community or a county can do to completely turn this around. But they've got to see that they're part of a general poisoning is opposed to, oh, I have a health problem. These are not individual health problems.

You know, they are part, they are symptoms of a general poisoning and the real solutions come when you get that consciousness. So anyway, yeah, I feel as you can tell, I feel very strongly about this. Yeah. What story after Toby Rogers? Well, we got a, we got a Ukraine. Yep, let's go to Ukraine. Okay, let's shift gears and go to the war in the Ukraine. Obviously, the story of the hour and really the story of the fortnight was the attempted coup by pregozion over the end of Agnogrupp, which failed. And so there are a couple different takes we want to look at here. From two people we've seen on this on this program of war, one is Pepe Eskibar. We'll leave with him an article in strategic culture. And he says when the lighting of history strikes better cut to the chase in our first draft. Not really sure what that headlines all about, but he Eskibar says President Poole wins in all counts.

Among other feats, he has made an absolute intergalactic ass out of the whole collective Western mainstream medium all over again. He rallied virtually every Russian to end the special military operation or almost war according to some business circles quicker. So in other words, he's not going to end the military involvement. He's just ending this and he's going to step it up and they're going to move to the next level. As much as Putin helped Perennial, Lukashenko in August 2020 preventing the regime change. So that's really the key here because the member of the pregozion ends up in Belarus. So what really happened after the longest day? Here's what Pepe Eskibar says, hefty CIA funds may have changed hands. But in the end, the coup would not turn out or could turn out to be the greatest Russian trolling of the West ever. Meaning Putin was really waiting for these guys. Here's the big mystery though. The exact terms of the deal between Lukashenko and pregozion because remember, pregozion is going to Belarus where Lukashenko is the leader. The exact terms of that deal with help from the governor of the Tula region are still unclear. And that's the king's like, so what is the deal? Everybody wants to know, why didn't Putin execute this guy?

Because it was treason. What's the deal with the sky going to Belarus? But keep in mind the backdrop. Well, he's going to Belarus at the same time tactical loops are going to Belarus. That's true. That's one thing. But remember, Eskibar points out Putin did a big favor for Lukashenko in 2020. It's kind of helped him out quite a bit. And now I want to turn to the other guy for another guy we've seen on this channel before.

This is from India and punchline and this guy, Badr Kumar. We've seen him. I like him a lot. He's very clear, very sober. And here's his kind of read on the situation. The Russian authorities were waiting for pregozion to make his move. Russian intelligence kept a strong president right inside the Wagner tent. So they saw what Kumar says. The crucial element in the deal struck with pregozion has been that he will not be prosecuted, but simply must get lost. And where else could he could his exile be arranged better on planet Earth than in Belarus, under the benevolent eyes of President Alexander Lukashenko? And here's what he says.

This is the key point way down here. Make no mistake, Lukashenko will eventually make pregozion sing sooner rather than later. And the song will be transmitted live to the Kremlin. And that accounts for the great nervousness in Washington, which has raised the specter of nuclear war to give the spin to distract attention away from the CIA's plot to stabilize Russia. What lies ahead is the manifestation of the steely resolve of the Kremlin and Putin himself to seek an all-out military solution to the Ukraine crisis, not just a special military operation. Anymore, Putin declared this week almost likely an anticipation of the storm brewing on the horizon that war will be over when no Ukrainian army will be left on the battlefield or NATO weapons left either. So Putin's this is it. This is the swan song for what's going on in the Ukraine. He's getting serious now. So CIA came out and said they had no involvement, which is very hard to believe.

And especially when your satellites are going overhead. So I still don't think we know the true story here. No. You know, the only lesson I take away from it is beware mercenary armies. Yeah, that's a big one. They can be bought and they can be bought away. Yeah, exactly. Right. That's right. You got to think that Russia's breathing in that one now. No, right.

Who knows? It's hard to second guess these guys. I had a very scary moment last week about the Ukraine. I was watching a you know, a campaign debate here in the United States and the and the host of the show was very much promoting the official narrative on the Ukraine. And the notion that we would have 320,000 Ukrainian soldiers killed to promote our plan to destabilize Russia. It was just those lives didn't matter. It was a video game. Right. And you realized we're talking about a level of psychopathy as culture that is frightening. That's 320,000 young men dying was of no consequence or had no meaning to this host. Right. They might as well have been ordering sandwiches off of menu. Right.

It was the banana nut muffin recipe again. Yeah. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right. Right.

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Right Right now. Yeah. So as we talked about the last time we were on this is we're watching see that. So this is an old from the going direct reset vote in 2019. So we see the pump coming into the pandemic. And then we see the dump that that we experienced with the pandemic being over. And now we're watching rises again. So it hit the floor. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out. And right at the bottom is when BIS came out and took a series of regulatory positions that suddenly sort of put a floor. Because if you looked at the charts at that point I was expecting it to go down to as low as 9000.

But to be I asked for a thousand here. Right. Yeah BIS puts a floor under it. And it you know it starts to come back. And now what we see see this recent jump right up at the end. That's on the right. Oh yeah this. But this. Yeah. What this is is the clear indication from both the block rock and now Schwab and Fidelity. Yeah.

That that you have an institutional advancement if you will. And making you know as they make these cryptos available and Bitcoin available through a discount brokerage. You are going to see a tsunami of money pour in so we could go back to that peak and hire. I think I think that's that's exactly right. And if you look at a chart remember the four were Bitcoin. Bitcoin and Bitcoin cash. Right. Bitcoin cash has that one went from 24 to 32. The chart we're just looking at 24,000 32 does Bitcoin cash is doubled. Right at same time. Right. So the you know the Citadel is Citadel is the whale in the pond now. Right. Like I said Ben Bernacchi works at the said. Well here's the question how much money are they planning on directing in. And and if they direct in a lot of reach. They're going to be a total discount brokerage capital and retirement savings capital they can pump this thing to the moon. So be aware just. You know beware how you this is a speculation so beware. Yeah. There's going to be a dump on the other side of this. So if they pump it just be understand what you're playing with here. Yeah. So yeah.

And I would like to point when they pump this it will make it easier for the central bankers to get more gold because everybody will be distracted into the pump. And so if you want to control real assets it's a brilliant strategy to get all the retail money chasing the you know the digital asset while you command and get control of the real. So I'm going to be a little late to that party if the bricks have anything to say about it. Yeah. Yeah. Yeah. No. Well this is designed for the Western consumer. Yeah. Right. But okay. Right. All right. Next story. Next story on a crypto really in Hey Rob from the telegraph. This is Britcoin. I'm not Bitcoin. Britcoin. Soonak. The prime minister of UK has ambitions but they're hit by a huge public backlash. So Britcoin is not not doing so well over in the UK. So next ambition to turn UK into a digital currency hub has been dealt a blow following a public backlash as more than 50,000 responses to a joint consultation with the treasury on the introduction of a central bank digital currency. When people respond to numbers like that the response is not in favor. It's opposition. Right. Okay.

So let's go down. They quote all these people. They go back and forth to the history of this. And then we come to the loss of support among this guy. Look at this central bank digital currency CBDC have also drawn the iron of a former bank governor. Lord King. You know, I must say that that's a that's one hell of an intimidating power name right there. Lord King has branded them a solution without a problem that have risk but no obvious benefits. He cautioned against creating something the public didn't need. Just because it had the sexy name of a digital currency. Lord King means merving King the former governor of the Bank of England from 2003 and 2013. Now Lord King has been knighted or something. Merving King since serious danger becoming salary hero of the week. Yeah. He also threw the Fed under the bus last year or maybe a couple years ago on causing inflation. Yeah. Yeah. Yeah. Since of course he has a relation. You guys you bought all these assets and you increased the ordinary money supply. Right. That's where you inflation is coming from. Right. So he's no longer governor. He speaks to truth. Right.

Well, he wrote a book after he left that was remarkably candid and very useful and and then he's been getting more and more honest and I think my impression of King is he understands the benefits of financial liquidity and he knows if you destroy them. What's going to happen. And he knows that's where they're headed and it's a terrible terrible mistake. Right. So so the reason I loved looking at this story is if you look at the Kato pole that says only 16% of Americans won CBDC and then you look at the backlash in Britain. What you were seeing in the Anglo American Alliance is the professional class has gotten on to you know the financial repression strategy and they don't want it and they are they are adamant. They see this coming and they are no no no no no right and it's significant. I mean it's above that 80% mark. You got 80% and you have too many smart people who have real you know who have real professional cloud and their attitude is I mean you've got the president Minneapolis Fed saying don't do this. You've got the former governor of the Bank of England saying don't do this right. Right. So bridge too far. It's a bridge too far. So you got pal saying now he's going to do it on a wholesale basis.

But I think he's got you know to do this if he needs legislation to do it on a wholesale basis. He's still got a food freight in front of him. We will see you know we I wonder about that. I watch some testimony of Powell and I don't know. They just not. They're not asking the right questions. Anyway. I don't know. I think Powell's slow walking it. Yeah he is but but but questions why I don't think I don't think Congress is high on Powell's list of of impediments.

Nothing else. Well it but here's the problem. Congress may not be opposed and when I just list of impediments but if you try and get legislation through. Then everybody gets clear about who makes money who wins and who loses and you get food fights. Yeah. So even if if Congress is not an impediment you end up with all sorts of food fights that could could kill you. You know I think you're exactly right. I think popularly among people. Or do any people understand this is bad news bears stay away. What I don't think we have is is a voice in Congress to sort of give expression to the public opposition to CBDC. I just don't see that anywhere in Congress. I see people kind of making the right noise in the right direction but right. No one really. Yeah they're all kind of missing. Keep. I agree. Nobody nobody. Nobody has yet emerged. Yeah nobody's emerged. So we'll see. Right.

Okay but let's turn to farm again. There's a four very interesting stories this week. All for different reasons. We'll start with this one from resist the mainstream. Publication. I'm not familiar with and it doesn't permit highlighting but here we have a basketball player who blamed COVID vaccine for his heart condition. Dies of a heart attack and he says many people warned me. This is a professional basketball player in a Dominican Republic. Oscar Domes died last died this week after an apparent heart attack. He says okay so after he dies social media posts come out in which he suggested he didn't suggest he comes right out and says he developed a rare heart disease after you see two date doses of COVID vaccines. I got a damn myocarditis from taking the effing vaccine. I got two doses of Pfizer and I knew it many people warned me he said. He also said the vaccine was a work requirement. He says but guess what it was it was compulsory where I couldn't work. I'm an international professional athlete.

I'm playing in Spain. I have no health problems. Nothing. Not hereditary. Nothing. Suddenly collapsed to the ground in the middle of a mansion almost died. I'm recovering and I've had 11 different cardiologists cardiology tests done and guess what they find nothing and any dies so they don't they don't find anything wrong and then the guy dies. So it's just the medical community there you see it in action putting it's bearing it's head in the sand saying well we can't find a damn thing. So did he die of from the injection or did he die from talking about the injection? I'll be a tough guy. I think he probably from the injection. It could also been from talking too much about the injection. Either way it could be that's let's just let's just keep going with the stories because you know again it's a pack of four very anxious stories who come back to the possibility maybe died from talking about the injection. That's a distinct possibility. But we will see. Okay next story is from Washington Examiner. This is interesting. New emails show COVID vaccine mandates were based on a lie. This time we're talking about Wollensky at the where is she? She's a CDC. The FOIA request shows that CDC director Wollensky and NIH director Frances Kalim were aware of and discussed breakthrough cases of COVID in January 2021. So they knew that even people who took the vaccine could still have what's called breakthrough cases meaning that the vaccine didn't work and they knew it didn't work in January 2021.

Okay. In her email Wollensky says that clearly it's an important area of study and links to a study raising the issue and assures the person she is sending it to that Anthony Fauci is looped into these conversations. However, in public Wollensky was saying something quite different. Two month after that email she was discussing this data saying vaccinated people don't carry the virus and don't get sick. So that's a lie. She knows it was a lie. Then she says after it became clear that people were able to get infected with COVID even after receiving the vaccine. She defended her original statements by claiming it was true at the time she said it namely that the strands we were dealing with in early 2021. But now we know that she was lying. So she lied when she said the vaccine. And now we know that she was lying when she said, oh no, I didn't know that at the time, but she did know that she didn't know the emails prove that. So on July 3rd, I went down to Carpenter's Hall in Philadelphia.

Carpenter's Hall was one of the buildings where it was where Franklin negotiated Benjamin Franklin negotiated the Alliance with the French with the French spy. So it was all part of the revolution. Anyway, there was a concert on the independent small afterwards and it got people were sitting around waiting for an hour for the concert to begin. And then the Park Service person got up and canceled it was a young woman who was the interim director for the independent small and she opened her speech and she said nothing is more important to the, you know, to the government than your safety. And the whole crowd just looked at her like you poor young person, you have not a clue. I was, I've never seen a statement fall flat worse than that. And then she proceeded to cancel the concert because there were going to be thunderstorms in an hour. And the NASA Williams came out wanting to say God bless America and they wouldn't permit it because there was going to be a thunderstorm an hour from now and they had to cancel the concert. It was beyond bar, but when she said nothing is more important than your safety, the crowd just looked at her like really, really. But you look at, you look at Wolensky and I've whenever I've read, I've read several stories about this issue. I've always wanted to look at Wolensky and say, how many people were you hoping to kill? What? What was your target? Right. You knew, you knew the vaccine didn't work and you lied about it. So why were you pushing it and why were you pushing it and you were lying to push it? Right. But I would love to know exactly how much she got paid, not just in her position, but kickbacks behind the scenes. I want to know how much money she got paid for each person killed or disabled. I got to figure it's a lot. But let's keep going with these other stories. There's two more stories in the pipeline that really adds some more depth to this. Okay, this is the next one from Igor's news, I don't know this is a sub-stack Italian doctor suspended for suggesting autopsies of sudden deaths. How about that? So when I suddenly, well, let's have an autopsy. Nope, not a good idea now. Italian doctor Valeria Peterli was publicly asked about sudden deaths. He suggested that sudden deaths of adults are on the rise and recommended doing more autopsies to discover why people are dying unexpectedly.

For this suggestion, he was suspended for two months. He was concerned about the increase in deaths from myocardial infarction and the need to perform more autopsies to get the causes. And he points to this graph, it's kind of hard to see, but this is excess deaths. And this is total mortality, you see it right there. And these numbers here, this is 17,000 and this is 11,000 here. So you can see that through all weeks of 20, 2022, for all weeks you had tens and thousands of excess deaths. Right? Right. Okay. And he's not alone. Okay. He's not alone to getting punished. When a brave British parliamentary Andrew Bridgin, and we covered him a couple weeks ago, suggesting that excess deaths in the UK were a national emergency, he himself was falsely accused of anti-semitism. Matt Hancock, a mastermind of British lockdowns and Rishi Sunek, a world economic forum member who profited mildly from COVID vaccine companies were at the forefront of these false accusations. So that gets back to your point of, well, since the COVID industry and since the injection industry is willing to punish people who question a narrative, was the Dominican basketball player, in fact, murdered for talking about the vaccine is opposed to just dying from being vaccinated? Right.

And I'm going to bring up a couple others because we just had awards ceremonies in Italy and are here of the weekend when that got he was one of the one of the award winners. There were two French doctors there, one of which, both very healthy, one of which suddenly had an architect and died and one which had a stroke and is apparently going to make up a people are exceptionally suspicious and it follows our birth card's death. You know, a month or so ago, again, people are very concerned and suspicious. There's no doubt that the pathologist posed the greatest danger to the official narrative because any time pathologist, you know, someone like Burkhardt or Ryan Cole has looked at what's really going on in the body, they're proving beyond a shot of a doubt that they're being killed by the injections. Yeah. Yeah. My hunches and it's just a hunch that's what went on with the DR basketball player. Right. Because because this problems are so acute leading up to this. There was no need to kill him. You just let the vaccine do what was going to do anyway. Right. Yeah. Absolutely.

Absolutely could have been. But what I see is is again, I've only been here for two weeks. The grind of death and disability and the lies coming out more and more people are understanding that something very, very wrong has happened. Yeah. Okay. And with that in mind, I want to go to the fourth and final story. This story, the more I think about it, this is far and away the most important story of the four. And this is the story of the week to me. This is from children's health defense. Bomb shell study of Pfizer, COVID vaccine. Suggest some people got highly dangerous shots. Others got a placebo. There's a lot in. It's not very much coverage here, but there's a lot to think about. Let me show you what's going on. Dane is scientists uncovered compelling evidence that a significant percentage of the batches of Pfizer vaccine distributed in the EU. Likely consistent of the placebo's interesting batches of Pfizer vaccine can neatly be divided into three groups. Okay. And here they are. Two of the three groups demonstrated higher than normal percentages of severe adverse events and recipients. However, for a third group of batches, a total of zero adverse events were reported. Okay. So now you might say is I was like, well, maybe it's a small number of batches in that third group of the placebo's that it isn't. It's a big number. Take a look at this. Up to 30% were placebo's meaning the vaccines were fake. Okay. That number right there, just that 30% of placebo's that means there really was to me. There was no plan.

There was no tip. No, no pandemic at all. The whole thing was fake. And the vaccine is done for something other than curing a disease. Right. Well, it's my my best guess is it's experiment. One, you're running multiple experiments, but two, you've got a quota system. And if you look at the rise and off cost mortality, there's enormous differentiation geographically. And so the question is, where batches target in an inequality system?

Yes, they were. And we're going to see that. Let's go back to the story. But the 30% number means that you don't care about people and you're not worried about people at all since you're giving them a placebo's number one. Number two, if it was a real disease, you would have done placebo's in testing and you didn't. You're rushing this thing out. But let's look at the graph. The graph is the real tell about what's going on here. Look at this graph here. So here you see the three different doses. This is placebo's. So no adverse reactions. It's all this buried right there on the x-axis. Then a second group of batches where you have some adverse events, but not many. And then here, here are your kill shots. You just need just a small seduce to give you the bad, bad reaction. This fits entirely with Sasha Lotta Povin, the bad batch group, what they found.

This is a very amazing. We're not done with mRNA. We're not done with vaccines. There's another pandemic coming. This is the experiment to see how do we, how do we wipe people out? And we're going to monitor them. And that graph, that pretty much proves it. If they're monitoring this on an ongoing basis, they got placebo's out there now. Right. So, and this is not just this shows disability or death. It doesn't show sterility. And that's another big question mark. Because if you look at the feed, the sort of information is coming in, we just saw a fabulous presentation by Swiss doctor, doctors for COVID ethics about what's happening to fertility in Switzerland among the injected. And it's astonishing the drop in healthy babies. Yeah. Right. That's that's that's astonishing.

But that graph, that's a breathtaking graph. Mm-hmm. Because the fact that there's a big percentage of those shots, they were kill shots and they're out there killing people. And they're not done. You know, if you took a kill shot, you maybe walking around having taken a kill shot and it's just that didn't work yet. Right. Right. The reason, the reason, you know, because because it's soon act again mentioned, the reason they want CBDC and digital IDs is so they have the transaction control to force people to take the next round of injections. Yeah. Yeah. It's a key to kill who we want to kill. Right. Financial financial transaction control is a marketing plan for the genocide program. Right. Yeah. I think that's exactly right. Right. That's how we're going to control things. And that that graph, that's just I my jaw hit the floor when I saw that graph. It's like there's three batches and placebo. Man. I mean, we covered some of those graphs like that before on showing the different batches of different concentrations. But that graph, that's that's just. Okay.

So let me just let me just say one thing, John. So what we're talking about is is running an experiment. Okay. Yeah. And and prototyping and testing certain things, including clearly bad batches and placebo's. But it's a death experiment and a sterility experiment. But at the same time, the whole health care effort as part of the going direct was a huge and fantastic financial and economic success. That's what it looks like to me. Sure was. So so the experiment is part of something that is making that is very politically and economically successful for those who are trying to centralize control. And it's, you know, if you want to stop a policy, it's important to understand that it was successful. Right. Right. Right.

Meanwhile, in the US, life expectancy is dropped by what two and a half, three years and no one's talking about that. Like we keep talking about it every week. This experiment is going on in real time. It's still going on. Right. And let me tell you something. These big companies, they're not running experiments for the benefit of knowledge and the advancement of science and all that. They're running experiments so they can figure out how they can do better in the future. Right. And how they can perfect it more later. Right. And I don't think the goal is just depopulation or lowering life expectancy. I do think they're trying to prototype getting the equivalent of an operating system inside of our bodies. That's, I mean, the Moderna Chief, Chief Scientist was totally clear about that.

They're looking to install an operating system. I don't need to go there. The death experiment is that you know, I'm good. Because if I believe that anything else is just like extrocredit gravy. I know. You want death experiments in real time, death experiments. Okay. Well, that's why I wanted to sit down with Rachel and say, okay, you know, how much were you paid to kill this many people and sterilize this many people? And I want to know per death and per sterilization. How much you, you know, how much you got in kickbacks. I want to know. I want to know how many of your friends took the injection and of those, how many took the placebo, Rachel. And how many took the kill shot? How many of your friends took the kill shot, Rachel? Yeah, exactly.

And how do you make sure they didn't take it? Yeah, exactly. Okay, let's go to pushback. Pushback this week is rich. It's coming from Europe, which is where it needs to be coming from. The first one's from sign of the times. Norway Bands, child sex changes, joins Finland, Sweden and UK and reject gender ideology under the proposed updated guidelines, the use of puberty blockers, cross sex hormones and transition, transition related surgery, would be restricted to research context and no longer provided in clinical settings. Norway joins Finland, Sweden and the United Kingdom and introducing greater safeguarding for children in the US. Eight states thus far have banned affirmative care for individuals under 18th with Tennessee being the latest to pass such legislation. That's great news spread. It is great news. It's great news. Yeah. You know, it takes a while before reasonable people realize that what's going on is this ridiculous and nots and dangerous. Yeah. But it's, you know, the pushbacks coming. Yeah. Okay, so let's go to the next pushback story out of Europe and the final pushback story of the week. This one is pushback. You got to wonder how much this relates to Ukraine though. This is a publication called Sleia, I'm not familiar with it. Sweden dumps climate agenda, scrap screen energy targets.

Sounds good. Look at this picture. See, if creep number one here, Bill Gates, creep number two here, John Kerry and creep number three here, Claus Schwab. I didn't realize Claus had such a weak chin. I'd never noticed that before. Never seen it. Anyway, back to the story. Sweden has just dealt, been dealt. Sweden has just dealt a severe blow to the globalist climate agenda by scraping, which is, I believe, means scrapping. It's green energy targets. Instead, the Swedish government is shifting back to nuclear power and has ditched its targets for 100% renewable energy supply. That is great news. But you got to wonder by going back to nuclear. How much Europe's saying? You know what? We fear freezing to death more than we fear Russia. Right. Exactly. So, you know, it's what we talked about with the zero alliance coming apart. At some point, facts matter. At some point, real economics matter. You can't paper over this stuff anymore. So, the reality of energy policy is hitting the grind of real money and real decisions. And at some point, the operators come back and say, look, you know, camel's can't fly. So, yeah.

I was talking to a friend of my yesterday's surgery, and he says, absolutely nothing. The media is real anymore. It's all, none of it's real. Right. It's a green energy is the perfect example of that. Right. You know, it's great to see reality beginning to dawn on the one place in the world is probably the one continent more than all others where it seems to have just been a wall for a long time now. So, we're, we've just arranged. We're going to be recording a big two part series in August. It's called the 21st century approach to energy. And it's an analysis. We found a wonderful expert.

His name is Charlie Stevens. And it's an analysis of how the energy system combined with the political and economic systems really works. And how you would evolve a really successful energy policy if you were free to do so. Yeah. What would you really do if you were free to run things in a way that was sensible? And, you know, it's a remarkable sort of breakthrough. Look at what to do about energy that that want, you know, because I think most of climate change is alive, but I think we have serious environmental problems. And they need to be changed. And so the question is, how do we heal the environment and get a successful energy policy at the same time?

And you can do it. You know, you know, what the number one problem is, environmentally and getting a good. Yes, it's the rat. Charlie calls it the racquets. It's organized prime and warfare. Organized prime and warfare is running a model in which the energy waste and the waste is unbelievable. It's off the charts. You know, and it's back to comparing a Lockheed F 35 to cows. And then you're playing doesn't fly when the sauce isn't done. Right. I mean, when I tell you the plant, the human race and the planet cannot afford the racquets anymore. No. You know, we, the secret governance system has got to go. We have to bring transparency to the governance system. And we have to have a governance system that doesn't waste resources. Yeah. It's like a race. We're running out of the runway in real time with all these problems, right? And then you got, you got two forces. You got the racquets saying, let's get rid of the people. And you got the people saying, let's get rid of the racquets. And the question is, how are we going to resolve? Right. There you go.

How's that one shake out? I don't know. Right. I don't know. I don't know. I don't know. Step number one is transparency because the revolution was in the minds of the people, right? The revolutions of the minds of the people. Okay. So let's go on to some more brushbars. All right. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay. Okay.

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Okay. Here of the week. Because we promoted the Greer. You know, Steve. You know, that guy. Greer had a, you know, a webinar and then a press conference at the National Press Club with lots of whistleblowers on the. Essentially the Secret Space Program. And, you know, he had some good stuff on invisible weaponry and Raytheon. Anyway, because of that, we wanted to highlight the incredible conferences that Robert Dupper and your own Von Stratton, who are part of the Salary Group, did.

And that's how I first came to go to the Netherlands. If you go to this commentary, links to all of those websites for both the Breakthrough Energy Conferences in the Secret Space Program. And that is still in my opinion some of the best content ever done on those topics. And it was an incredible gathering of scholarship on these topics. And it aspired five years of disinformation. The wave of disinformation that hit after Robert and your own did these conferences was quite remarkable. They were very special events. Anyway. So we just wanted to acknowledge those and make those all accessible to everyone. That's cool. I mean, I know with those guys, but I only see Robert. I don't know. You know, you're on the emails and I correspond. Yeah. This is a facelike.

Basically every week. These are pretty talented people. Yeah, yeah. Yeah. Yeah. Yeah. Yeah. Okay. Never say die with Naomi Wolf. So it's interesting. I interviewed Naomi a couple of weeks ago.

We published it yesterday for July 4th. It's a great interview where I walk through all my favorite Naomi Wolf sort of accomplishments. And we have a great talk about what's happening. I read her book, The Bodies of Other, which came out last year. But I just read it before the interview. And it is really good. It shows a lot of information about how the lockdown policies advantage different real estate interests. Real estate interests and slaughtered. Oh, yeah, yeah, yeah. This is, you know, Naomi is both a tech entrepreneur and an entrepreneur. And she really saw the money game in the area where she lives in and around New York. And she did a very good job of describing sort of how they slaughtered small business and how it advantage different real estate interests. It's very well written. She's a good writer. She has a great writer. Yeah. And a really fun person to talk to. You know, she's got a lot of juice. Yeah. Anyway, so we decided to call it never say die because her ability to just keep punching is unbelievable. She is not, you know, she started out as a progressive and the entire progressive world except for her and Kennedy sort of left the space. Yeah, right, right.

And they both just kept punching, punching, punching. And anyway, so we decided we would call it never say die two weeks ago. And then about two week and a half, about a week after I interviewed her, she had an emergency appendectomy turned into an infection had quite an experience. And we put a she's just home from the hospital. It was pretty scary because, you know, to go into a hospital if you're name me wolf at this time is very, you know, it's very problematic. Anyway, she, she's got a great husband who, who was a real brick and helped tremendously in the situation, but she just wrote a sub stack about her experience in the hospital, which is well worth reading. And we put a note at the top of the commentary asking that you just keep her in your prayers because she's a great warrior and a great, you know, she's a great intellectual. She is. Yeah. Yeah. Anyway, so it was a, it was a funny interview. I really enjoy her. And we had a lot of fun. So I suggest I recommend that one. Yeah, she helped helps. It looks good. You know, 61 years old. Yeah. Okay. Okay.

It's December 20, 23. So Larry team. I just remember when I went on the road, it did a road trip up to New England and back and just had lots of comments about what's happening in the world, including the use of technology. Well, unbelievable story about young kids who can't add their head. They're dependent on their phone. One young woman is such used to get a's until she got her phone and now she grades a fall and then she can't add her head anymore. It's pretty scary. So it's a reminder, make sure, you know, do not give your kids a smartphone. Make sure they learn how to add their head. Or if you give them a smartphone, make sure they have a job as a cashier because I was a cashier for a while at a restaurant and you never forget adding a subtracting. Well, the other thing is it's great. You know, working with the public in that way. I was, I worked in restaurants for years when I was in college and graduates. I mean, you learn so much.

For me, it was a phenomenal experience. Yeah. You do a lot of lots. The last thing I wanted to talk about was log in. So yeah, what's going on? We have a couple of issues with logins. One is it's very important. If you come into Salary and you click on log in and the pop-up boxes come up, you are probably using Brave because every time Brave does an update now, then suddenly the pop-up boxes on a whole series of websites, including Salary, will not work, there's nothing we can do. You know, what happens is it must, it must be that Brave gets enough complaints because then, you know, after a certain period of time after the update, it starts working again and then they do another update and it stops working. Anyway, we're going to put a sign up next to the log and saying, please, if the pop-up boxes doesn't come up, you know, please use Firefox or Safari. That seems to solve the problem in 99.9% of the cases. So please, when you, when you log into Salary, if the pop-up boxes doesn't come up, switch to Firefox or Safari and it should come up. The other thing is a lot of times people put in the wrong password and it's real easy. We've made it much easier to do a password reset. So there's a little note next to the log in. Here's how you do a password reset. When the pop-up box comes up, if it doesn't work, here's how you do a password reset. That again solves, you know, either switching to Firefox and Safari or doing a password reset seems to solve the problem. For security reasons, we do require a 12 character password which creates more problems but it also solves other security problems anyway. Yeah. And it'll show you on the pop-up, just do a support ticket. You know, if there's any problem, just do a support ticket.

We love to help. But I think if you use Firefox and Safari and you, or you do a password reset, if you're having any trouble with your password, that solves almost all the problems. There was another browser you mentioned recently when I was complaining about one of them. Opera? That's all right. Was it opera? I don't remember. I don't remember if I have any way. I'd love to. I'm always on the search for a new browser. So I've issues with all of them. Here's the thing. What we're finding is, you know, constantly we are in a constant war. Another thing that caused a lot of login problems. We have a plug-in that causes, if you log into Salary, then you automatically log into everything else. So yesterday I was working with you. You logged in and I said, okay, just go to Newtons and Trends Stories. I didn't automatically log you in so you could look at Newtons and stairs. It's very frustrating. We had a plug-in that did all of that automatic log in and they updated it and sure enough, boom, stop working. It's been two weeks of working with them. We thought we had all the bugs out but we clearly don't. We're hoping to get the bugs out this week. But if you look at the shadow work, I mean that one plug-in update has cost us, I don't know, 50 hours between... I believe it, Catherine. You know, I juggle these things.

I use Firefox as my go-to but I use Brave for the show. And I use Safari when Firefox is misbehaving and I'm like, well, why am I pissed at Safari? I can't even remember. Anyway, I'm constantly thinking of these things. Here's what's so funny. It's very... The reason you want to walk back the digital systems in your life. We all use them. I'm not saying don't use them. The reason you want to walk back the digital systems and have balance with analog systems. Digital systems were designed for central control.

They were not designed for our productivity. And the shadow work associated with them is rising and I think it's just going to keep on rising. So... I think you're right. In the end, I'm going to probably die within a cyclopedia open in an avocuse line in your face. And you know something, they'll both be totally reliable. Right, totally. Right. Exactly. Okay, I did want to mention we had another big lawsuit. Missouri versus Biden. And you and I are going to look at it for next week. Right. Big decisions on free speech and very encouraging because if you look at the recent Supreme Court decisions on the Second Amendment or on the Wedding Plan or on affirmative action or these local judges saying, no Pfizer, you don't get 75 years to keep your genocide secret. And now Missouri versus Biden on free speech between the AG's pushing back and some of these judges, you know, life is beginning to perk up. So I don't know. I was very encouraged by what some of the judges have been doing. It's encouraging to me to see our alleged intellectual class, at least some segment of it, beginning to wake up and so some sign of common sense again. It's been a while, guys. Welcome back. Thank you. Yeah.

Their families got too many bad badges. No, it is anyway. I'll take it. I'll take I'll take these victories over we can get on Catherine. Absolutely. Yeah. Well, ladies and gentlemen, thank you for joining us on the Slayer Report. John and I will talk to you next week. Have a great one, John. Bye. You You