We’re On the Cusp of Civil War and WW3; “Facing Real Risk,” Warns Pentagon Advisor
Summary
TLDRIn this enlightening episode of the Daniela Camboni Show, economic expert Kevin Freeman discusses the perils of America's escalating national debt, now nearing a staggering $35 trillion. Freeman delves into the implications of excessive money printing, the abandonment of the gold standard, and the rise of financialization, warning of the potential for economic collapse and societal unrest. Highlighting the urgency of a 'great reset' and the introduction of Central Bank Digital Currencies (CBDCs), Freeman explores the constitutional remedy of returning to gold and silver as practical currency. With a blend of historical insights and forward-looking strategies, Freeman offers a path to avert fiscal disaster and restore economic stability.
Takeaways
- 💸 The national debt of the United States is nearing $35 trillion, and the current pace of borrowing is considered unsustainable by economic experts.
- 🌍 Kevin Freeman discusses the threat of BRICS (Brazil, Russia, India, China, and South Africa) forming an alliance that could challenge the dominance of the US dollar.
- 📉 Central Bank Digital Currencies (CBDCs) are highlighted as a significant shift in monetary policy, with the potential for government control over individual spending.
- 🏛️ Freeman argues that the move away from a manufacturing-based economy to a financialized one has widened the wealth gap in America.
- 📚 His book 'Pirate Money' suggests a return to gold and silver as a hedge against the potential collapse of fiat currency.
- 🔍 The Great Reset is discussed as a controversial topic, with implications of significant changes to property ownership and national sovereignty by 2030.
- 💹 Inflation and its effects on the wealth gap are scrutinized, with a historical perspective on how excessive money printing can lead to economic instability.
- 🌏 The geopolitical implications of currency wars and the potential decline of the US dollar's dominance are explored.
- 📈 Freeman emphasizes the historical cycle of empires and economies, suggesting that America could be nearing a critical juncture in its economic and political dominance.
- 🙏 Concluding on a note of hope, Freeman calls for a return to constitutional principles and faith-based optimism to navigate future economic challenges.
Q & A
What is the primary concern Kevin Freeman discusses regarding America's financial state?
-Kevin Freeman is concerned about America's ballooning national debt, which is nearing a staggering 35 trillion, describing the country as wading into fiscal quicksand.
How does Kevin Freeman relate inflation to wealth disparity?
-Freeman explains that inflation creates a wealth gap because when excess money is produced relative to economic growth, it leads to inflation, which disproportionately harms the poor, widening the wealth disparity.
What does Kevin Freeman suggest is the impact of leaving the gold standard on the U.S. economy?
-Freeman suggests that leaving the gold standard in 1971 led to the financialization of the U.S. economy, shifting focus from manufacturing to finance, and directly correlated with the rise in national debt and inflation.
What is Kevin Freeman's view on Central Bank Digital Currencies (CBDCs)?
-Freeman views CBDCs as potentially dangerous because they give governments control over what people can do with their money, citing privacy and freedom concerns associated with such centralized control.
What solution does Kevin Freeman propose for the U.S. economic situation?
-Freeman proposes a return to using gold and silver as practical everyday currency, suggesting this could shield citizens from monetary collapse and maintain economic stability.
Why does Kevin Freeman believe other nations are targeting the U.S. dollar?
-Freeman believes other nations are targeting the U.S. dollar to reduce their dependency on it, driven by a desire to challenge U.S. economic dominance and avoid the repercussions of U.S. sanctions and financial policies.
What is Freeman's perspective on the potential for a World War?
-Freeman acknowledges the risk of World War III, noting that current global tensions could escalate into large-scale conflict, drawing parallels with historical events that led to previous world wars.
How does Kevin Freeman relate the concept of 'pirate money' to economic solutions?
-Freeman uses the concept of 'pirate money' to describe a return to gold and silver as the basis for currency, arguing that this would align with constitutional principles and provide a more stable economic foundation.
What does Kevin Freeman say about the relationship between government debt and the economy?
-Freeman emphasizes that the U.S. government's unsustainable debt path, highlighted by a significant increase in recent years, poses a critical risk to the economy, potentially leading to a financial crisis.
What does Freeman suggest is the future of money?
-Freeman suggests that the future of money will involve significant changes, potentially moving towards digital currencies or alternative forms of money like gold and silver, reflecting a shift away from traditional fiat currencies.
Outlines
📈 The Economic Alarm: National Debt Crisis and the Push for a Reset
This segment focuses on the warnings about America's ballooning national debt, nearing $35 trillion, and the urgent need for fiscal reforms. Kevin Freeman, a leading expert on economic warfare, shares insights on the unsustainable debt growth, highlighting a rapid increase from $10 trillion to nearly $35 trillion in a relatively short span. Freeman discusses the historical context of leaving the gold standard and the financialization of the economy, leading to these debt levels. He also touches on the concept of 'The Great Reset' promoted by Klaus Schwab and the World Economic Forum, suggesting a radical restructuring of the economy towards a model where, by 2030, people own nothing and are supposedly happy. The narrative warns of the dire consequences if current financial policies continue unaltered.
🌍 Global Currency Dynamics: BRICS Nations and the Threat to the Dollar
The narrative shifts to international efforts, particularly by BRICS nations (Brazil, Russia, India, China, South Africa), to undermine the U.S. dollar's dominance as the world reserve currency. Freeman recounts his advisory role to the Pentagon, warning about the strategic intentions behind the formation of the BRICS coalition, led by Vladimir Putin, to challenge the dollar. He explains the gradual shift by nations away from holding U.S. debt and dollars in favor of regional currencies or digital alternatives, spurred by policy disagreements and the desire for economic autonomy. The segment emphasizes the potential of a weakened dollar to destabilize the U.S. economy further, amidst existing debt concerns.
💸 Inflation's Grip and Economic Instability
This part delves into the inflationary pressures affecting the U.S. economy, drawing parallels between historical and current economic situations. Freeman discusses the 'Cantillon Effect,' where proximity to money creation (like in Washington and New York) benefits a select few at the expense of the wider population, exacerbating wealth disparities. He references historical instances, like the French Revolution, to illustrate the destabilizing effects of unchecked inflation. The discussion raises concerns about the potential for social unrest, similar to the riots seen during the pandemic, as economic inequality widens.
🏛️ Economic Policies and Their Impact on Society
Freeman continues the discussion by examining the effects of economic policies on different segments of the American population, particularly how the shift from manufacturing to a finance-driven economy has widened the gap between the wealthy and the poor. He critiques the 'financialization' of the American economy post-1971 gold standard abandonment, highlighting its role in deepening economic disparities. The segment suggests a disconnect between policy makers' actions and the real economic hardships faced by the majority, spotlighting issues like inflation and the sustainability of social welfare programs.
🔍 Central Bank Digital Currencies and Future Economic Control
The conversation pivots to the emerging trend of Central Bank Digital Currencies (CBDCs) and their implications for personal freedom and governmental control. Freeman voices concerns about the potential for CBDCs to enable unprecedented surveillance and regulation of individual spending, citing examples and intentions expressed by global financial leaders. He warns of a future where economic crises could expedite the adoption of CBDCs, aligning with broader 'Great Reset' objectives that envision a radically transformed societal structure by 2030, heavily influenced by digital currencies and reduced personal ownership.
🌟 Navigating Through Economic Turbulence: The Role of Gold and Silver
In this final segment, Freeman advocates for a return to gold and silver as a constitutional and practical solution to the financial system's woes. He elaborates on historical precedents and the constitutional grounding for using precious metals as legal tender, proposing a modernized system where gold and silver can be used electronically in everyday transactions. This approach, Freeman argues, offers a way to preserve value and stabilize the economy amidst the uncertainties of digital currencies and fiscal mismanagement. He contrasts this with the limitations and governmental skepticism towards cryptocurrencies like Bitcoin, emphasizing the enduring value and constitutional basis of gold and silver as currency.
🕊️ Hope and Resilience in the Face of Economic Challenges
Kevin Freeman concludes the discussion with a message of hope and resilience, drawing on historical examples of perseverance and the enduring spirit of liberty. He reflects on the recovery from the pandemic as a testament to human resilience and emphasizes the importance of faith, constitutional principles, and grassroots initiatives in overcoming economic and social challenges. Freeman underscores the potential for positive change through adherence to foundational values and active engagement in the democratic process, offering an optimistic outlook on America's capacity to navigate through its current economic and geopolitical trials.
Mindmap
Keywords
💡National Debt
💡Inflation
💡Central Bank Digital Currencies (CBDCs)
💡Great Reset
💡Economic Warfare
💡BRICS
💡Gold Standard
💡Financial Crisis
💡Fiscal Quicksand
💡Wealth Gap
Highlights
Introduction of Kevin Freeman as a leading expert on financial terrorism and economic warfare, highlighting America's national debt crisis.
Discussion on the unsustainable path of the national debt, with a staggering increase to nearly $35 trillion.
Examination of the effects of leaving the gold standard in 1971 on the financialization of the economy.
Kevin Freeman's analysis on the potential for a 'great reset' as discussed by leaders of the World Economic Forum.
Insight into the importance of Central Bank digital currencies in transforming financial sovereignty.
Overview of the undeniable truths about America's fiscal quicksand and the potential ways out.
Examination of currency threats from other nations, particularly the BRICS coalition.
Discussion on the impact of inflation and the wealth gap it creates, referencing historical economic truths.
Concerns about the potential for revolution or riots due to economic disparity.
The crucial role of elections and the influence of economic issues on political outcomes.
Analysis of the financialization of the American economy and its shift from manufacturing.
The potential dangers and control mechanisms inherent in Central Bank digital currencies.
The concept of 'pirate money' as a solution to the monetary collapse, advocating for gold and silver as practical everyday currency.
The risk of World War III in the context of current global tensions.
Kevin Freeman's hopeful outlook for the future based on faith, the Constitution, and collaborative improvement.
Transcripts
inflation creates a wealth Gap how far
are we from Revolution breaking out from
riots breaking out over it uh when we
have produced excess money relative to
the growth of the economy you have
inflation that's a bottomline economic
truth one of the effects of leading the
gold standard in 1971 it's the
financialization of our economy we used
to be a primarily manufacturing Nation
you hear the term great reset oh that's
just a conspiracy theory from
conservatives no clous Schwab the head
of the world economic forum is
describing why we must have a great
reset you can go to world economic forum
and look at their videos it is a year
2030 and you own nothing and you're
happy about it there are no real borders
the United States isn't a leader it's
just one nation among many nations it's
a brilliant future they think that
they're going to apply to the rest of us
whether we like it or not I'm the one
who helped teach the Pentagon how to use
economic weapons Central Bank digital
currencies is an enormous part of making
that happen are you optimistic that we
can all rise up and say we don't we
don't want it they will absolutely take
advantage of a crisis once created we
saw that with
pandemic hi this is Daniela Kon and
welcome back to the danela kambon show
here on itm trading well today my guest
is sounding the alarm on America's
ballooning national debt which now nears
a staggering 35 trillion he says the
country is waiting into fiscal quicksand
and there are five undeniable truths we
must know about so please welcome to the
show Kevin Freeman he is considered one
of the world's leading experts on
financial terrorism and economic Warfare
he has written extensively on the
subject including um his bestseller
pirate money he's also the host of
economic war room which you can find on
E iomic warroom.com Kevin how's that for
an intro welcome to the show nice to
meet you nice to meet you Daniela thank
you for having me yeah well I mean I
read with great interest pirate money
and I said you know we just have to have
uh Kevin on the
show Even though uh I mean your your
warning is quite dire I mean you talk
about the national debt extensively you
say in the first 221 years of our nation
we accumulated 10 trillion of Boral debt
in the last 15 we've added almost 25
trillion and the pace is accelerating
you call it a monster out of a sci-fi
movie and basically see no way out well
I do see a way out but you're right the
if America is an Empire and a lot of
people think and want America to act as
an Empire Empires last between 200 and
250 years on average and so America is
nearing the end of its Empire status I
don't want America to be an Empire I
want America to be a collection of stat
States operating under the United States
Constitution as our Founders intended
that I believe is the way out but if we
stay on this path where we're the Empire
of the world no uh we're
doomed so you say there's five under
undeniable truths that we must know
about right so if you don't mind I'd
love for you to walk us um through them
right the one the first one being
centered around uh national debt
so talk to us about them yeah undeniably
undeniably the fact is we have $35
trillion in debt I wrote the book pirate
money that you referenced you said you'd
read in Pirate money uh was on June 24th
of 2023 I looked at the total US federal
debt and it was $32 trillion uh it's
gone up $2.5 trillion doar just since
last June that's unsustainable so the
first undeniable truth is our debt path
is unsustainable and when I say that
it's not just me
Jerome Powell the head of uh the Federal
Reserve says what is our debt path it's
unsustainable uh Mr Powell they ask you
know in the sen they said Mr Powell uh
what is our death path like he said it's
unsustainable well um are you just now
coming to that conclusion he said no
it's a historical fact it's an honest
fact we're looking at it we cannot
continue on this debt path that is the
first undeniable truth oh Office of
Management and budget says it uh so does
the Congressional budget office so does
every Economist in the world worth their
soul so what do you say the Counterpoint
because I've had you know experts on the
flip side saying look if America really
wanted to wipe out their debt they could
there's enough tax money coming in like
CPA is drawing the charts for me I mean
I still don't believe it because I think
the numers just insane I mean what what
is your response to I mean c could
America handle it well all right so now
you're talking about raising taxes
politically is that possible or you're
cutting so Social Security and Medicare
politically is that possible I mean just
Social Security and Medicare according
to the Congressional budget office will
add $100 trillion to our debt over the
next 30 years that's just a fact in fact
not only that but you look at a Heritage
Foundation that put out the daily signal
and they said if you took just the
mandatory spending in Congress just the
mandatory spending it would consume all
existing tax revenues mandatory spending
would include interest on the debt and
Medicare Social Security prescription
drug benefits the things that we've
promised people and are already written
into the law so do we have the political
will to make these changes would we make
these changes without some type of
financial crisis it doesn't matter what
you say the bottomline truth is the debt
path we're on is unsustainable you'll
either have to make major changes by and
I wrote a a report on this for the state
of Utah you have to drastically cut
spending which right now would mean that
you'd have to cut that mandat at atory
spending you'd have to drastically
increase taxes which would impact the
economy slow the economy and so forth or
you have to face the fact it's
unsustainable okay your second
truth currency undera Siege by other
nations you're referring to the bricks
right which brings up a debate of you
know whether you know the the bricks
have Merit or not their countries keep
being added to the bricks Nations um so
one point or are they already for you a
major threat yeah all right so in 2008 I
was working in the Pentagon I was a
consultant and I was telling Admirals
and Generals that the bricks had been
formed and it was not just a Goldman
Sachs investment idea I mean at the time
it was being sold to us like Fang or or
the recent AI stocks oh bricks this is
the new place we can invest and I said
no the origin of bricks comes from
Vladimir Putin himself I showed them the
original writings that said that he was
going to form a coalition of Nations
that were emerging Nations that would
ultimately challenge the dollar as their
primary purpose now the Chinese didn't
get involved really with that purpose
until Xi Jinping came to power in 2013
and then other nations didn't come on
board until more recently but the fact
of the matter is is that the dollar is
becoming less and less interesting to
foreign Nations for either because
they're opposed to our policies or
because they see our economic situation
or or they see what Elon Musk said which
was very clear he said if you weaponize
your currency enough times other
countries will stop using it so just
imagine Putin going to India who's an
ally and they India says well we're
allies of America we'll use the US
dollar we don't need to do anything else
and he says well you know during World
War II the allies of America included
China and the Soviet Union and the
enemies of America were Germany and
Japan things change and by the way they
just took our stuff when they sanctioned
us over Ukraine how do you know they
won't take your stuff to India if you
don't tow the line according to whatever
policy Washington has so India says you
know you're right there's no reason that
when I do trade with China or with
Brazil or any other nation that I have
to exchange my currency for US Dollars
and then exchange it back when we do the
trade back into my currency why not just
do inter currency
exchanges that's a very logical argument
it has friction over time it will carry
weight people will no longer put their
reserves in US Dollars exclusively when
I started talking in the Pentagon China
held 10% of our outstanding foreign debt
today that amount is approaching 2% it's
Fallen below 3% and it's headed towards
2% other nations do not intend to
continue financing our debt and you go
back to point number one we're going to
need a lot of money 100 trillion over
the next 30 Years in addition to the
debt that we have today so yes other
countries are targeting our currency and
say we could replace this with a digital
Yuan or we could replace it with just
exchanging between our currencies both
most arguments against this concern are
yeah I know the Dollar's bad it's weak
but it is the cleanest dirty shirt in
the laundry well at some point you pick
up the shirt it smells too bad you can't
even wear that at some point even the
husband whose wife's been away for 3
months is stop I can't wear this anymore
it's disgusting it's tearing so at some
point the dollar will go down I'm not
saying it's going to happen today this
year next year but no Reserve currency
lasts forever that's just a fact of life
and anybody who believes the myth of
dollar permanence is fooling themselves
the currency has a date and an
expiration date on it I don't know
exactly when it will no longer be the
primary Reserve currency of the world
but other nations are working toward
that end as we
speak
I mean you say you don't have a timeline
I mean would you be
surprised if it happened within the next
10 years no and in fact uh him and way
wrote maybe it was in the old menee
there's a famous him andway quote how
does one go broke and the answer is very
slowly than all at once and that's what
will happen to the United States we'll
have a bad really bad treasury bond
auction really bad and and all of a
sudden people will Panic All Financial
panics start that way and as Jamie
Diamond uh famously recently said it
always feels good until the crash let me
ask you this Kevin what about the
argument that okay the bricks is you
know a great concept and
philosophy but at the end of the day
you're never going to get China and
Russia to agree on a on a common
currency I mean they're too you know
they're going to be vying to be at the
top and I would probably add indiaan how
are you going to get them to agree well
number one eventually people can come to
agreement we didn't expect a Euro would
ever happen but now we have a Euro and
they they were tremendous enemies
fighting uh uh and you know France and
Germany for example to the largest econ
in the European Union and now they have
a common currency so it can be H it can
happen you can't say it can never happen
but but number two right now they're
operating with a common enemy or a
common adversary and so it doesn't
doesn't mean that they have to succeed
in replacing the dollar with their
currency it just means that they are
undermining the dollar as the
universally accepted currency and we've
lived under that exorbitant privilege
you know since since uh Breton Woods
back you know after World War II and
even after Nixon took us off the gold
standard Kevin before we move on to
point three just one one more thing I
want to bring up I mean the u United
States must be oh obviously the
government government is aware right and
seeing that the bricks is growing
they're talk of a unified currency what
could be the counter playing card that
the US could use to stop
it well we use diplomacy we use military
power you know there there are some
people I'm not sure I believe all of
this but every time the dollar has been
challenged like by Gaddafi then the
United States finds a way to undermine
Libya uh and and you know we we have to
remove Gaddafi the the one dictator of
the world who gave up nuclear weapons
when we asked for asked him to do it you
know and he and he's gone I don't know
if that's conspiracy theory is true or
not but the point is we have a lot of
authority and power as a nation and we
will use it uh to maintain as much uh
Authority as we can the problem is is
that we're abusing that Authority in the
minds of many other nations and so every
time we use an economic weapon and by
all means I'm the one who helped teach
the Pentagon on how to use economic
weapons I was the primary economic
Warfare consultant for groups within the
Pentagon including the defense
intelligence agency and others and I was
telling them hey look these are powerful
weapons but you can't abuse them and
every time we turn around and throw
another sanction on the other nations
start to learn from it so our sanctions
have been less effective against
Vladimir Putin uh than we expected them
to be in the Ukraine war part of it is
because he knew to build up gold stocks
and so The Economist magazine and other
have been talking about how the gold
Supply in Russia has been their
counterbalance to American sanctions
bottom line is we'll use our political
authority to try and protect the
Dollar's position and we will need to
gracefully find ways to minimize the use
of it so that we're not uh abusing it
and causing more anger by other nations
undeniable truth number
three revolves around inflation we heard
it from Powell him self it's nowhere
near under control Kevin your thoughts
yeah well inflation and the cancelon
effect and I I quote a French Economist
from the 1750s who wrote uh basically I
I'll summarize it he said if if you're
close to the king of France and he's
producing lots of money uh you will tend
to benefit more than those who are
further away from that and that's true
so it's true in the United States we we
produce a lot of money in Washington and
New York
and people who are close to live in
Washington and New York they find lots
of benefits I I had a friend who was the
car dealer uh for I 21 car dealerships
in Washington DC and so every time there
was a new Administration people come to
down they'd sell cars they didn't haggle
over the price they bought them at full
price you know money is flowing in
Washington uh but you get further away
from it that money doesn't flow as
freely that creates a wealth Gap
inflation creates a wealth Gap uh when
we have produced excess money relative
to the growth of the economy you have
inflation that's a bottomline economic
truth it doesn't show up all at once uh
necessarily it doesn't show up linearly
but it does eventually show up and you
create more money than you have so you
can go back to 1971 when we left the g
gold standard you look at the debt that
increased from August 1971 to the
present and then you look at this
Consumer Price Index from the Federal
Reserve and the charts match up almost
perfectly almost an exact correlation
excess money production creates
inflation inflation harms the poor more
than it harms the wealthy because the
wealthy can buy assets and protect
themselves they can hedge they can do
all kinds of things in an inflationary
environment that the average person
cannot do wages don't move linearly with
the inflation rate uh so bottom line is
is that when you have excessive
inflation which they had in France in
the 1750s 1760s and 1770s it eventually
leads to destabilization like the French
Revolution so you have Marie Antoinette
saying let them eat cake you know
peasants have no bread well let them eat
cake and then you have the head of
Kellogg cereal come out recently and
said you know you can eat cereal for
dinner because you not may not be able
to afford the the full meals that you've
had so cereal is a good option it really
is smacking of this in the heartland of
America inflation is hurting real people
in real ways and that is leading to a
wealth Gap and
destabilization so uh what point are we
at I mean how far are we
from from Revolution breaking out from
riots breaking out over it well we had
riots happen uh during the pandemic
right so we had riots I I don't know
what sparks them I can tell you from an
economic Warfare perspective the Chinese
wrote a book titled unrestricted Warfare
it was published in 1999 by two senior
Colonels so I'm going back to what I
know which is economic Warfare and they
list Street rots in the political crisis
as their primary endgame weapons for
tearing down America if they want to uh
undercut America economic strength for
whatever reason so are they ready to
prepared to do that well I don't know if
we go into a War or conflict over Taiwan
if we get into a trade war or if we get
into you know these are weapons they
intend to use so how do you get a street
right you spark it it's a flame how does
it happen in the Middle East remember
when we had the the uh the Arab Spring
that happened over food inflation that's
what the beginning was and you can go
throughout history and you can find that
if you have massive food inflation and
people can't afford to eat that's when
you have rights how close are we I don't
know it could happen this summer it
depends on what happens in the economy
it depends on if people feel they have a
voice it depends on the election uh a
lot of things will spark those those
clashes of civilization and culture but
the average American is feeling pinched
and they feel like they're losing the
American dream at some point they will
be ready to Riot and that's what people
are worried about that that is a serious
concern of the
establishment I I want to I want to move
on to to point four but first um you
just you make me think of so many of the
points I want to just pick your brain on
I mean when it you mentioned the
election do you think economy will be
the main card to be played the top of
mind or is it immigration is it you know
the war in the Middle East is it is it
economy for you you think that's going
to really decide the winner of the
election most elections are defined as
Bill Clinton said it's the economy
stupid and you keep in mind when that
election happened and and we had Saddam
Hussein ENT Kuwait and George HW Bush
was very popular super high popularity
but he seemed out of touch with the
economy remember he went to a grocery
store and didn't know how a scanner
worked and that that really hurt him
with the people so in the end the
economy matters but immigration is an
economic matter when people let imagine
you're in a um in a less affluent
community and you're finding that you're
losing your job to someone who recently
came across the border you're going to
be upset about that or imagine that the
inflation that's you're feeling is
because we're sending a lot of money
over to the Ukraine which you don't
understand exactly why we need to defend
the Ukrainian border but we're not
defending the American Border so you get
frustrated and upset why because it's
hitting you economically if you're
really well off those issues don't
matter to you in fact if you do a poll
of how important Ukraine is just uh do a
a stratification based on income of the
individual you're polling I guarantee
you those at the higher income levels
will General say oh no we have to fight
in Ukraine we've got to stop this bully
Putin you start talking to people who
are losing their jobs or paying too much
for for dinner they go to McDonald's and
it cost them $20 instead of $6 all of a
sudden those people are going to say why
in the world are we sending billions of
dollars over there that makes no sense
to me it is all economics at some level
and to your point Kevin there's just
such a gigantic disconnect now right
it's like what happened like you know
many people have pointed out there's
there's really no more middle class
right they've pushed the middle class
out yeah no the pew pew Research Center
has done study on this and this is one
of the effects of leaving the gold
standard in 1971 it's the
financialization of our economy we used
to be a primarily manufacturing Nation
but when we unleashed our money supply
from any semblance of a gold standard up
to 1971 for every dollar that was
produced 40% had to be held in Gold we
unleashed from that and when we
separated from that we started to
financialized everything that's when all
the derivatives and everything so we're
talking quadrillions in derivative
exposure you know and it's all going to
settle out somewhere in some way but
we're now making money off money rather
than making money off manufacturing
which goes back to the celon effect uh
which if you're close to the money
supply creation you can make money off
money if you're further away you have to
make things and make stuff and this
economy is geared to benefit those who
financi it rather than those who
manufacture exactly um okay let's get to
point four this is a topic we we cover
in depth Central Bank digital currencies
you say government's weaponizing
currency through cbdcs is coming you
know it's interesting Kevin how just a
few years ago Central Bank digital
currencies if you spoke about it they
like it's a conspiracy theory never
going to happen and then look at where
we are today you know the all the heads
of state openly talking about it right
Christine lagard coming out with a new
message saying we can't wait to usher in
the digital era of the Euro um so talk
to me about your thoughts on Central
Bank digital currencies the dangers you
see and how far we how far away are we
from this reality okay cbdc uh why I say
this is an undeniable truth is because
the digital Yuan exists the Chinese have
weaponized their currency already with
the purpose of this but you go beyond
that and you see 110 Nations or
something are creating some version of
it some will succeed some will fail some
are a joke some are real President Biden
in March of 2022 issued executive order
14067 it was 32 pages I think or 37
pages in length you can read it it's a
pretty easy to to read order and it it's
got a very benign topic name to it the
the topic name is something like uh you
know the a study on digital currencies
uh but when you read the order it it
requires that people begin to study how
to implement a digital currency that
will have some components to it
components like diversity equity and
inclusion and ESG things that in the
among the wealthy seem popular and good
things but you go out again to the
heartland of America and they say wait a
minute I don't understand why you're
you're you're implementing these
policies that are hurting us for example
Mississippi is suing Black Rock for
fraud because they're implementing ESG
and Dei these are things that can are
inherent in Central Bank digital
currencies the beauty and of them
according to the people creating them is
that you actually can control what
people do with their money so when they
had the G20 Summit uh last September I
believe it was at the G20 Summit they
had a spokesperson come out and say tell
us what you brought for us what's it
going to mean and she really happily on
Indian television expl explained well so
exciting imagine I I've had two cups of
coffee in the morning I stopped out the
coffee shop and I bought two cups of
coffee and I go in the afternoon and I
want to sit down and I want to buy a
third cup but my my digital money knows
I've already had too much caffeine that
day and it denies me the ability to buy
caffeine I could I could be cut off for
my own good isn't that wonderful these
are the same people in New York who said
go Mayor Bloomberg I only want 16 ounces
of soda don't let me get refills this is
the nanny state where you don't own the
money where the central bank or the
issuing Bank owns the money and they
control it it is different from
electronic currency everything we do is
pretty much electronic today right right
but this is different and I had the
explanation this is like every time you
use your debit card it has your
fingerprint on it and they know exactly
who's spending where's spending what
they're spending on what they've already
spent on what they're going to spend on
and so they could limit you have a gas
powered car Daniela you're not supposed
to have gas powered car you can only
have 20 gallons of gas a month and your
card will stop you when you hit 20
gallons it'll shut off this is the
ability for governments to take control
the problem is is that not all the
American people believe in the exact
same ideals that Washington DC has
that's why you see a lawsuit coming out
of Mississippi against black rock you
see Texas saying hey stop implementing
your anti-fossil fuel programs here
because Texas is an energy State you see
a push back but the federal government
central government Central Bank digital
currency will be
one-sided to implement just like it is
in China with the social credit scores
that they've applied to the digital you
want exactly and thank you for
highlighting that difference when you
know when you get the push back well you
already on you know using debit cards
and visas but it's not at all the same
thing um do you think that they need to
create a crisis I mean we hear experts
saying they will create a crisis that
will then usher in the Central Bank
digital currencies or do you think
they'll do it regardless that this is
the path we're on well both I I don't
know that they they think they need to a
crisis is inevitable that was our Point
number one we're going to run into a
debt crisis and and you know we you hear
the term great reset and somebody
recently said oh that's just a
conspiracy theory from conservatives no
clous Schwab the head of the world
economic forum you know in his thick
accent is describing why um with the
pandemic we must have a great reset and
he says it himself and he defines what
great reset is you can go to world
economic forum and look at their videos
it is a year 2030 and you own nothing
and you're happy about it there are no
real borders the United States isn't a
leader it's just a one nation among many
nations you're going to eat a whole lot
less meat we're going to 3D print organs
for you it's a brilliant future they
think that they're going to apply to the
rest of us whether we like it or not and
so Central Bank digital currencies is an
enormous part of making that happen
there will be a crisis financially we'll
have a run on banks uh like Silicon
Valley Bank or whatever there's going to
be a fiscal crisis where INE it's
inevitable or they could manufacture a
crisis and I'm not going to accuse
people of manufacturing a crisis but I
will say they will absolutely take
advantage of a crisis once created we
saw that with the pandemic
can can do we have the possibility to
stop it if people wake up to the the
dangers of a central bank digital
currency are you optimistic that there
you know we can all rise up and say we
don't we don't want
it well I think it's entirely possible
but uh I wouldn't bet my entire future
on that happening naturally uh I think
people will complain about it there will
be push back there was a whole lot of
push back on uh a lot of Liberty
challenges uh including you know I don't
care which side of the debate you're on
the reality of it is there was a vaccine
mandate everybody had to take it and
then there was a push back and the push
back was effective so I it doesn't
matter where you are yes people can
stand up and and and raise their voice
it it doesn't guarantee however just
because they do that uh that they'll be
effective that's why I wrote the book
pirate money which goes to point number
five undeniable truth number five is
money is changing it's changed multiple
times in multiple ways and it will
change even more in the
future and uh well I don't know do you
want to go in more in depth on point
five before we talk gold and silver oh
yeah I'd love to say I I've got uh i'
I've bought as Collectibles I've bought
large print dollars that used to be this
big that were issued by individual
states I've got currency American
currency dating back to 1776 a
continental note I've got a Spanish mil
dollar I've got gold coins I've got a
bank in Kentucky 12.5 Cent note all of
these are the history of money it's
changed over the past 250 years in
numerous ways now you can take your
phone and you can tap to pay for
something like I went and bought our
gasoline at the pump and I just actually
I just took my Apple watch and I tapped
my Apple watch up there and I filled the
tank with gas you can venmo and zel and
PayPal money is changing in multiple
ways and it will continue to change that
is an absolute fact it is undeniable
truth and it's either going to change
the Central Bank digital currency or
it's going to change to something else
or a combination of things I'm hoping
for at least a combination of things you
in your book pirate money you outline a
path forward that would see gold and
silver become not just valuable
Commodities but practical everyday
currency shielding citizens from the
consequences of a potential monetary
collapse talk to me about how you see
gold and silver as can I say the
ultimate solution the only
solution well I'd say it's the only
constitutional solution we have to the
mess that we're in uh back in
1776 I have a
Philadelphia uh printed Continental note
that was says that Bearer is entitled to
exchange this for four Spanish M dollars
which were silver 7734 Tre ounces of
silver or the value thereof in gold and
silver the problem was they didn't have
any gold and silver behind it and so
Washington's troops at Valley Forge had
no shoes they were freezing because
Washington himself said all this printed
money a wagon load full of Continental
notes would not buy a wagon full of
supplies because there was nothing
behind it it was so gold and silver
became then after we left that in the
Articles of Confederation we went to the
Constitution and the founders said we're
going to make real money a dollar and
when they said a dollar they didn't mean
a piece of paper with George
Washington's picture on it they meant a
Spanish M dollar a real piece of silver
that could be cut up into eight slices
pie shaped wedges known as pieces of
eight and they talked about silver coins
and gold coins and they meant Spanish
Mill dollars or pieces of eight and the
gold coins were known as deons another
Spanish term and if you hear gold of
Bloons and silver Pieces Of Eight you
think pirate money so I wrote the book
pirate money to give us the answer from
the Constitution Article 1 Section 10
the founders hated paper money uh
Jefferson said paper is poverty
Washington said paper has had the effect
it'll always have it'll ruin your
Commerce it'll destroy your State uh
even even um uh the the founder Founding
Father Alexander Hamilton the bank uh
the first bank first treasury sector he
said paper is terrible even the father
of the Constitution James Madison said
paper money is unconstitutional well
that's what we're left with is
essentially unbacked paper money but in
the Constitution they said the only
legal tender should be gold and silver
coins it says a state may make nothing
other than gold and silver coins legal
tender the problem is is not many people
have gold de balloons and silver pieces
of eight and even under the coinage act
of 1857 those were outlawed to be used
as currency but they don't have American
Eagle $20 pieces people can't really
live and spend money with golden silver
coins so in the book pirate money we
went back to an original idea of the
founders in 1830s the Bank of Kentucky
would take those gold and silver coins
on deposit and issue out certificates
notes that were backed by real golden
silver challenged in the Supreme Court
in a case called Brisco versus Bank in
Kentucky in 1837 and they issued them
and they traded like currency and the
court said as long as you actually have
the gold and silver and keep it and
never fractionalize it never lend it out
you can have that as currency so what if
we just took that turned it electronic
just slapped a a debit card or an
electronic means of exchange on top of
an existing gold and silver Supply like
Texas has in the Texas Gold uh in the
Texas bullion depository so I could go
to Texas and I could say hey I want you
to hold uh $110,000 worth of gold which
is a little less than 5 ounces and I
want you to keep it there in the form of
gold I don't want you to lend it to
anybody I don't want you to do anything
with it except hold on to it until you
receive electronic instruction from me
to transfer it from me to the
supermarket and at the supermarket they
have a choice they could either take it
in the form of gold or they could have
it converted to US dollars and they
could be paid in cash and what if we
added to that technology capability to
where the bullion depository could
actually buy gold on your behalf and
sell gold on your behalf at the smallest
possible Market maybe a half percent
well guess what that technology exists
today Kevin um so when you're talking
these coins I mean Is this different
than pre-1
1933's yes well I've got some pre-1933
coins which is which is pretty cool
everybody should have some physical gold
and silver right so I ask you um do you
own those because are you concerned
about the risk of confiscation do you
see gold confiscation coming back one
day well I suppose it could but if you
read the confiscation order you know the
funny thing is people talk about that
all the time and I decide I'm going to
sit down and read the executive order uh
from uh FDR and see what he said what he
said was essentially this people are
hoarding gold and they're not
transacting in it they're not spending
it and because they're hoarding gold and
holding on to Gold it's hurting our
economy and that would be true if
everybody took every dime they earned
and put it in gold and buried it in a
safe the economy collapses but what
we're talking about is making gold
transactional but we're not doing it
we're the the book pirate money argues
that it should be done at the state
level and making it transactional under
the Constitution so number one I don't
think that the executive order they
could confiscate gold held by a state uh
Article 1 Section 10 is very clear
there's another Lane County versus
Oregon there's Bronson versus there are
a lot of Court decisions that say that
they could not confiscate the gold held
at estate but secondly if you obey the
order then what we're doing is perfect
because we're making Gold Transaction
we're taking it out of the Vault and
getting it back into the economy doing
the exact opposite of what the order was
designed to stop so no I think if we
enact pirate money legislation we will
not have gold confiscated Kevin you know
that the the Bitcoin cyber Hornets are
going to say why don't you just use
Bitcoin well I you know Bitcoin is great
I things I love about Bitcoin here they
are I love the fact that Bitcoin is
limited in Supply only 21 million will
ever be mined which means that it's
going to itself retain value I love the
fact that it is infinitely uh
divisible and I love the fact that it's
private that not everybody knows my
business of what I'm doing all right the
governments hate
the fact that it's limited because
governments need have all this debt and
they want to spend more money than than
they take in in taxes so they hate
Bitcoin and they hate the fact that it's
private because they want to implement
Central Bank digital currency so what
they say is we're going to give you our
own version of Bitcoin it will be a
central bank digital currency and it
will have this fractionalization and
it'll be beautiful and you'll love it
but they ignore the limited Supply they
ignore the Privacy so I'm a fan of
Bitcoin as a result however I don't
think governments are ever going to make
it currency and under the Constitution a
state can't make it currency without a
constitutional amendment so if you're a
Bitcoin fan and you don't want to use
gold and silver here's what my I'm going
to tell you go get a constitutional
amendment take it to two-thirds of the
states and get it passed by two-thirds
of the Congress that allows states to
make Bitcoin legal tender until you do
it I'm going to stick with the idea of
pirate money because it's already in the
Constitution and we can do it now with
simple legislation at the state level
uh a lot of people you know watch the
show prefer owning gold than having
their cash in the banks especially with
the banking crisis and they're concerned
uh you know about holding cash in the
bank um your thoughts on that
concept yeah I think that I guess the
question is sorry how much gold versus
cash should you have physical gold you
know I I don't know how much physical
gold in individual should have it
depends on how old they are and all this
and I certainly don't give investment
advice even though I have a CFA
designation even though I'm register
investment adviser I have no idea who's
watching so I I don't know what's
appropriate uh but I know that I keep
cash and I also have cash in the bank
the problem with banks that people are
worried about is fractionalization and
Bank runs and they're worried that the
money's been lent out uh if you adopt
the pirate money uh idea in your state
the state would not be allowed to loan
it out they would have to hold the gold
it'd have to be ex audited regularly
it'd have to actually physically be
there so how much do you want to keep at
home versus how much you want to have
available to you every individual need
to make that decision I wouldn't suggest
you go away from the US dollar either
because you know like I said Nations go
bankrupt very slowly than all at once
for a long time period your dollars may
be very good very useful very helpful to
have I'm just saying every individual
ought to have the option of having
transactional gold and silver in
addition to their physical Holdings and
in addition to their Holdings of US
dollars in the bank and
personally Kevin uh just to wrap here um
you know given all your experience
working at the Pentagon and you know
covering Warfare and economics um you
know we promised we'd end on a on a on a
on a beautiful harmonious note but
before we get there I just want to ask
about the risk of World War I for you I
mean we now have the director of Russia
's most powerful Security Agency saying
this week that he believed Ukraine along
with the US and Britain were involved in
the attack on the concert in Moscow
could that be a reality for you World
War I well if you look at the history of
where World War I started and it was the
assassination of an arch Duke and that
started you know the bloodiest war known
the Great War the one you know war to
end all wars if you look at that history
of course it could happen whether it's a
false flag operation or something real
or whatever the cause people died and
that's a rallying cry Remember the Alamo
uh for people to stand up and and start
a war and we've been on the cusp of war
war I for quite a while I I wrote a Blog
I haven't posted in a long time but but
I titled it the Winds of War and I
walked through four very lengthy very
detailed highly researched uh
explanations you could put the Winds of
War uh Kevin by Kevin Freeman global
economic warfare.com and you could read
that yes we're on the the cusp of World
War I we've been in an economic War for
for decades here the Chinese uh Russians
uh Iran the North Koreans they they're
aiming at us uh and then there's this
internal war between uh the world
economic forum and the individual
liberty lovers who are further away from
the creation of the money supply so yes
we're on the cusp of of either a civil
war or a war war we don't have to go
there but that is what we're facing is
very real risk
Uh Kevin uh I'm going to ask you to take
it home uh for us I mean I thoroughly
enjoyed this conversation uh thank you
for your analysis um but if we could end
it with some sort of Hope and for the
audience watching I mean given um
everything happening in the world you
know how do you how do you keep things
bright in your life well first off we
came through a horrible pandemic a
really awful horrible pandemic and we're
traveling again the economy is open
people are able to shake hands and kiss
on the cheek and hold and hug you know
that's a wonderful thing uh for another
thing uh we still have Liberty and we
have uh 50 states and they have
different things that they're doing in
the states so we have a lab experiment
going on the states we're still able to
vote in elections uh the dollar is still
the primary Reserve currency of the
world America can return to
manufacturing Rich we have so many we've
got a lot of natural resources aable
land farmland and so forth if we stand
up for the Liberty Concepts that you
come emanate from the Constitution we've
got a great future now here we are this
is Easter week as we're recording this
and and I tell you for for me personally
My Hope comes from my faith in God uh
and and I think a lot of people have
faith in God and I believe that if we
pray we've been in dire points before
like the British on the beaches of
Dunkirk about to be wiped out and Hitler
was going to send speedboats AC cross
the English Channel and take over uh the
British Island guess what people prayed
and there was a rescue from The Little
Ships the little people who went across
that English Channel 26 miles and they
picked up the soldiers brought them home
and there was more war to fight and as a
result western civilization was saved I
think we're on the right side of this
and I think that if we believe in God
and we go back to the Constitution and
we work together and treat people as
human beings we've got a brilliant
future ahead of us
and I really think that pirate money if
people will read this book and they can
get copies at pirat money book.com or
they can go to economic warroom.com and
see episodes we've done on all these
topics and many more uh or they can go
to transactional gold.com and they can
see where 25 states have started the
legislative process to bring
transactional gold and silver back
there's so many good things that we can
look forward to Let's concentrate and
focus on the hope and the opportunity
sure they're bad things sure we see
problems so we take a bad good beautiful
approach the bad is the problem the good
are solutions and the Beautiful is if we
all work together we can restore Liberty
we can restore hope we can end the celon
effect and help every segment of our
Society improve economically and have
brilliant beautiful Futures with their
families under as one nation under God
thank you so much Kevin uh beautiful
words thank you uh for ending on that
note and uh for those prac iing I wish
you a wonderful Easter Monday we'll have
more great content coming your way so be
sure to stay tuned to danela camboni
show and you can hear more from Kevin at
economic warroom.com is that right Kevin
that is correct thank you Danelle there
you go and as always I invite you uh to
reach out to one of my wonderful
colleagues at itm trading you can book a
calendly appointment it's a calendar
appointment there's a description below
in the video and basically it's just
free strategic session uh where you can
go over the topics that we're discussing
you can go over you know what you should
be doing with your money and the role
that gold and silver can play I invite
you all to do that it's really uh a
great experience that's it for me we'll
see you
soon
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