We’re On the Cusp of Civil War and WW3; “Facing Real Risk,” Warns Pentagon Advisor

Summary

In 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

00:00

📈 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.

05:01

🌍 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.

10:02

💸 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.

15:03

🏛️ 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.

20:05

🔍 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.

25:06

🌟 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.

30:08

🕊️ 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.

Keywords

💡National Debt

The national debt refers to the total amount of money that a country's government has borrowed and not yet repaid. In the script, Kevin Freeman highlights the ballooning national debt of the United States, nearing $35 trillion, as a critical issue. He emphasizes that the rapid increase in debt over recent years is unsustainable, underscoring the gravity of fiscal mismanagement and its potential repercussions on economic stability and growth.

💡Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, eroding purchasing power. The script discusses inflation as a byproduct of excessive money production relative to economic growth, a fundamental economic truth. Kevin Freeman links inflation to the wealth gap, explaining how it disproportionately affects those further from money supply creation, contributing to social and economic instability.

💡Central Bank Digital Currencies (CBDCs)

CBDCs are digital forms of fiat money issued and regulated by a country's central bank. The video script touches on the potential for governments to weaponize currency through CBDCs, emphasizing concerns over privacy, financial control, and the elimination of cash transactions. Freeman suggests that CBDCs could enable unprecedented government oversight and control over individual spending and financial activities.

💡Great Reset

The Great Reset is mentioned in the context of a global economic and policy strategy that aims to rebuild society and the economy post-pandemic. According to the script, critics like Kevin Freeman view it as an imposition of new economic systems and controls that could undermine individual freedoms and national sovereignty, with a particular focus on the promotion of Central Bank Digital Currencies as part of this agenda.

💡Economic Warfare

Economic warfare involves the use of economic measures to weaken a country's economy during a conflict or as a means of achieving strategic goals without direct military engagement. Freeman discusses his role in teaching the Pentagon about economic warfare, highlighting the strategic importance of economic tools and measures in national defense and geopolitical strategies.

💡BRICS

BRICS is an acronym for an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa. The script notes Freeman's concern that BRICS countries are challenging the dollar's dominance as the world's reserve currency, potentially diminishing the United States' economic leverage and leading to a significant shift in global financial dynamics.

💡Gold Standard

The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. Freeman touches on the abandonment of the gold standard by the United States in 1971 as a pivotal moment leading to the financialization of the economy and contributing to current economic challenges, including inflation and the national debt.

💡Financial Crisis

A financial crisis is a situation where financial assets suddenly lose a large part of their nominal value. In the dialogue, the inevitability of a future financial crisis is discussed as a context in which CBDCs might be more broadly implemented, suggesting that such crises could be leveraged to introduce significant changes to monetary systems.

💡Fiscal Quicksand

Fiscal quicksand metaphorically describes a precarious financial situation where a country finds itself sinking deeper into debt with no clear way to emerge without significant economic reform or intervention. Freeman uses this term to describe the United States' current financial trajectory, emphasizing the urgent need for policy changes to address the growing national debt.

💡Wealth Gap

The wealth gap refers to the significant disparity in wealth and income between different segments of a population, often between the rich and the poor. The script highlights how policies leading to inflation exacerbate the wealth gap, as those closest to the creation of money benefit at the expense of those further away, leading to social unrest and economic inequality.

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