Part 2 - The Dollar Game: How Currencies Drive Global Power with John S. Pennington Jr - 183

This is part 2 of my interview with John S Pennington Jr. 

Make sure to listen to Part 1 first.

Allen   It seems like I mean, because all the stuff you're mentioning, you know, Ray Dalio in his books, he talks about it too, you know, like, how does one Empire take over from another one? And it's because of the the currency, it's because of you know, and he's been talking about it for a while that there's a collision course coming. And everybody's afraid of it. You know, I mean, I'm even afraid of it. Because if we go to war in 10 years from now, you know, I have two boys that are 13 and 11, they're probably going to be drafted because everybody in the United States is overweight, and they can't fight it. So there's got to be some, right? There's gonna be some serious problem with the Army not having enough people. So my kids are gonna be fighting in a war. I don't want them fighting in and like, everybody's freaking out about it. And like you said, you know, China, they brokered the deal. They're making friends in the Middle East. They're making friends in Africa. They're giving loans like you said, US gave loans to everybody. They gave loans in trillions of dollars, not even billions, but I think it was trillions of worth of loans to build infrastructure in Africa that is then maintained owned and run by Chinese. It's not run by the Africans, the Chinese are in charge of it, the Silk Road Project that they built those highways all the way from China all the way to the, you know, the Mediterranean. I mean, yeah, they've been doing it crazy. And so it seems like everything that you're saying it lines up. And it's like, now that we see

John   last year in the last year and a half, while the last few months, India has stopped on some level, not all the way stopped buying Russian oil. They just read some reports this last month that they have, they have curbed their Russian oil purchases. Really. Okay. Now, I don't know exactly why. But I do know, there's tons of companies that have moved from China, to South Korea, Thailand, and India. And I believe India is now choosing Wait a minute, we want to be in good graces with the United States because that's where we're going to suck up all those jobs on China. They're going to come to India. Right. And I think India's Modi, President Modi over there is making a strategic move to go with you know, the US dollar and to do that he's got to appease the the United States by saying you know what, Russia, we even though your oil is cheaper, doesn't matter. We're gonna go with US dollar purchases for oil. That

Allen   could be because China is also having territorial disputes now with India over certain areas. It's funny because we have a an oil Options program where we train, we do coaching on oil options, and we you could see it in the news play out when Russia was putting all their tanks on the border of Ukraine, you know, everybody knew it, they're coming in, they're going to invade and everybody was like, when is it gonna happen? When is it gonna happen? I told her, I'll tell all my traders it's like, you know, just wait. It's not going to happen until the Olympics are open. Olympics are over because the Olympics are in China is like they have the closing ceremonies, like four hours later, boom, there's an invasion. It's like, okay, now we can play it now. It's, you know, it's, yeah, he was insane. So now you said, now I'm trying to figure out like, okay, alright, how can I make money off of this? Right. So it's like you said that Russia and China are still buying gold. So is that? Is that an investment that's going to continue to ramp up because I think gold is at all time highs right now?

John   Yeah, it's all time high. Silver is kind of trying to get up there. But Silver's having a tough time. So let's go to Okay, let's go to the summer of 2020. All right, summer 2020. The SEC, which is part of the team, you have the team, you know, US dollar, the SEC sues JP Morgan. What are they suing him for? They're suing him for manipulating the precious metals market for nine years. Silver gold, okay. And they lose, JPMorgan loses and they're fined almost a billion dollars a billion dollar fine for nine years and mutilation the SEC. Okay. The point is, JP Morgan figured out how to manipulate and control a market that's 30 times bigger than Bitcoin. Gold and silver and gold for nine years. And they finally SEC found out about it pseudonym wins, finds you billion dollars, but guess what, no one that I know of went to jail.

Allen   I mean, it wasn't that big in the news, they get headlines,

John   kind of kept quiet, right. So millions of people that buy and sell silver and gold were fleeced out of how know how many much money but no one goes to jail. But you just find they probably made 20 billion but they're only find a billion it was it was 930 million, but I rounded a billion because we talked about a billion seconds earlier. Right? Okay, so nine 30 million, but close to a billion dollars. All right. So my theory in my book that I explain is you have precious metals market that have been manipulated through using futures and all kinds of different manipulations. And a year from there, now you're in summer of 2021. Bitcoin is trading around $31,000. This is July. Okay. So August, September, October, November, four months later, Bitcoin hits all time high $69,000. My theory is that the Federal Reserve, US government viewed Bitcoin as a competitor possible to the US dollar. And so they took the playbook that they learned from JP Morgan, and I think they had JP Morgan personnel help them do it right. Clandestine to control try to control Bitcoin. And that's why it went from 31,000 to 16,000 in a four, three and a half month period of time. So November it hits $69,000. And so how are the way that you control Bitcoin? Well, one JP Morgan used a futures market. Okay, now what I'm about to tell you all these things that I'm gonna tell you happen in November 2021. Okay, one bitcoin hits all time high. Number two, the SEC approves a Bitcoin ETF not I first bought only four futures right and they denied grayscale the spot one Why would you approve one for futures and not one for spot doesn't make any sense. So that happened November also, also November and

Allen   hold that for people who are listening to spot means the current price futures means prices in advance. So the actual the actual Bitcoin

John   not a Hypothecation the actual non derivative, the actual Bitcoin, right? So the SEC says no you can't you can't operate, we're not gonna allow you to operate a ETF that actually buys Bitcoin, we're only going to allow this other company, an ETF that actually buys futures on contracts, right just contracts, which is the what the way JP Morgan was one of the ways they were able to manipulate the silver and gold market for nine years. Okay, that's the third thing that happened in November, the SEC extends their lawsuit against a ripple XRP coin. Why XRP from the nanosecond XRP was invented. Its one goal was what to do to circumvent the SWIFT system, which would decrease the demand for US dollars. So the SEC extends the EC the lawsuit for no apparent reason. And they just kind of lost it. They lost the SEC last last summer, and then they appealed. So they're this lawsuit still going on against XRP? Okay, a former thing that happened in this month, in November, Hillary Clinton came out and said, Bitcoin could damage the US dollars, reserve world currency. Now, again, back to probabilities and predictions, you can say she just went to a microphone and just talking. That's you can believe that, or what's the is that a probability high probability? Or is the probability that she had been privy to previous meetings months earlier, that the Federal Reserve was going to try to pinch Bitcoin control, they don't want to kill it, they just want to control it. And so she got in front of microphone, which she loves to do to tell all her memes. Hey, listen to me, I always know the truth. I always give you the truth. Guess what the Bitcoin could take over the US currency, which is our number one product and why so he's she's sending a coded message, maybe? Maybe not. But the probability, I think the probability is high that she had some information that the government was using a clandestine approach to try to control Bitcoin,

Allen   because she was a congresswoman and she was sitting on committees and all that, yes, yes.

John   One other way you can control a traded commodity or traded stock or whatever or bitcoin is if you can get 45 to 60 days of trading volume, meaning if if bitcoin trades 100 coins a day, you would need 4500 coins. If it trades 1000 coins a day, you would need 45,000 coins are 60,000 coins. This is what how you do it. So let's just say hypothetically, that from July 2021 to November 2021, the Federal Reserve had to obtain 45 days of trading bonds 66 days trading bond that means they have to buy bitcoin. They're buying Bitcoin buying Bitcoin buying Bitcoin buying Bitcoin buying Bitcoin, that means the price is going up, up, up, up up. Once they have 45 or six days of trading volume, they take their 45 Day Trading bond, and they stick it at six $9,000. And they put it there for sale, all this at a limit price 60,000 or so we start buying you buy I buy we're buying. And then we keep hitting 69 69,006 96 Night Out signal, there's a ceiling, there's a price ceiling, the ceiling, and we can see it and we go Wait, there's a big seller at 16,000 or so mean, you start selling. So we start selling everyone starts selling and it goes down to 68,000. Guess who's buying at 60,000 The Federal Reserve, they're replenishing their 60 day supply or 45 day supply of trading volume. So that mean you go Wait, there's a buyer at 68,000 and we start buying again. And it goes to 68,000. They don't let it go to 69 because that would be a bullish chart, right? They can have a they can have a higher high. They can have a lower high and they put their 45 day trading volume boom right there as 68,800 and they start selling and same thing happens. We sell and it goes down. That's one way you can control a market right now. So lately as we know, Bitcoin has hit a new all time high. Yeah. And so maybe maybe what happened was, this is there's another hypothesis. Maybe they realized they alone couldn't do it. Okay. So last summer, the SEC basically told 11 companies Listen, we're going to approve 11 companies all at the same time to try A Bitcoin spot and ETF spot so they approved 11 ETFs to trade Bitcoin spot. Now, what I think happened in October, Bitcoin was trading 31,000 27,000 31,000 31,000 27,000 27,000 If Gessner of the head of the SEC told them Hey, guess what we're going to do? In a few months we're going to let you guys start trading Bitcoin what you guys should do is buy a Bitcoin to control the market. So Bitcoin went from 27,000 to sweat 72,000 Something like that. Right? Yeah, today, but I'm saying I'm saying on January I think was January 11. Okay, all the Bitcoin went up 11 Bitcoin went alive, right? Okay. Now think about what just happened on January 11. There are record number of buying a Bitcoin record number. And in 11, or 12 days, it goes from, from where it's at down to $39,000. Why there's a record number of buyers, it should go up. But wait, if all the ETFs bought at 31,000, knee ETFs, bought at 32,000 35,000 42,000 If they were buying it, so that when the ETFs went live, they could sell it to you. That's why the price went down. There's no other there's no other explanation. Because if they had bought zero, when a record numbers came in to buy bitcoin, they would have to take your US dollars and go buy Bitcoin that would go up, the way it goes down. It went down like 18% in 11 days with record inflows, that means that I believe BlackRock and all the other 1011 ETFs are in on the game of manipulation of Bitcoin, right? And so this is back to my theory that no matter what it is, if it's the yuan, or if it's gold, if it's Bitcoin, and it and it has the potential of damaging the number one product of all time, the Federal Reserve, the US Navy, the president, the SEC, the IRS, even the CIA, that's their number one job. Now, a lot of times Congress forgets their number one job.

Allen   I was gonna ask you about that, too. I was like Congress get the memo. Because yeah,

John   they don't get it. But but but people criticize. Powell had the federal they criticized him all the time. I don't. I think he's doing a great job. Listen, if we went back in time, okay, we'll go back in time, Alan, we're going back to 30 years, okay. 30 years ago, I said, you're going to be the head of the Federal Reserve. Okay. And I'm going to be Congress, right? Your job is to protect and promote the US dollar. And all I do that Congress, I spend trillion, I spend a trillion, I spend a trillion, I spend a trillion, I spend a trillion. And I say to you, hey, figure out how to pay for it. Right? So you can criticize Powell all you want. But man, he's still we still are 58% of the world reserve currency. And the Congress doesn't stop spending. It's like a couple. You have a couple one spouse spends tons of money on credit cards, and they turn the other spouse pay for it. Right. And Powell must be just for it. If I was I'd be screwed top my lungs, would you guys stop spending? All you got to stop because I'm doing my best to keep this number one product afloat around the world. I'm doing my best. Right. And so I don't criticize Powell. I've actually under the circumstances, I think he's doing a fantastic job, even though people call him stupid. People don't like what he says. But I don't listen to what he says. I just listen when he does. And I and I realize he has a partner called the US Congress. Who is there just out of control spending? Yep. And he's done it. He's doing a great job by keeping our agreements accepted around the world. Yeah,

Allen   I agree with you. I mean, you know, after COVID, and all that money that was spent on everything, you know, to maintain it to not even go into recession to have Yeah, inflation was a it could have been a lot worse than who it was. Without all that spending all that money that's just unaccounted for. So

John   I think right now, the Congress is spending about $1 trillion every four or five months, six months. That's, that's, that's what's going on right now. That's just amazing. So back to your question. As you can tell, I have long answers. Gold, silver, Bitcoin real estate, okay. If you keep spending a trillion dollars every six months, additionally, items are going to go up in price. Gold, silver, Bitcoin, eventually, it's just going to bubble up you. It's kind of you almost can't stop it. Right. wheat, wheat soybeans, I mean, real estate farmland, if you just give a trillion dollars every six months, and how long can the us do this? I bet they can. You know, look, look the US Dollar might be the greatest Ponzi scheme ever invented a headline, it might it might be, but this is the thing. There is no mathematical way to taper a large Ponzi scheme, it can't be done. So therefore, the only way to play it all out is to play it all the way through. Okay, just to play it out, right? Let's don't get mad at me. I didn't create this. I was born into this system. Right? I am pro US dollar. Why? Because I'm in the Ponzi scheme, because all of our money is in US dollars. I don't want to wake up tomorrow morning and have the US dollar at zero because I will be broke. My parents will be living in my basement. My kids who live in my basement way my my house would be for sale because I'd be broke because everything I have almost is in US dollars. Right? Bait US dollar based, right? I have some bitcoin I have some gold. I have some real estate, right. But it's US dollar base. You too. We're we're in the Ponzi scheme. Okay. So therefore I think with the US think about the US Navy, think about the powers think about everything they could they could for what proliferate this for another 20 3050 years. They are very powerful. The Federal Reserve is the most powerful entity, along with the US Navy, along with the IRS along with the SEC along with the President. They are incredible team. And look, look, you know, China, only having 2.7% 2.7% of the world reserve currency, and we have 58% and the Euros 20%. And they got it they got a big mountain to climb, right, and they can climb it, but it's gonna take a long time. But the problem is this. Again, China is now printing more money than we're printing. Because they're in a they're in a 1929 depression right now. It's bad over there. Unemployment is youth unemployment, ages 18 to 30. is so bad China stopped reporting it. That's how bad it is. They don't report it anymore. Yeah, the estimates they have, if you are a college aged kid in China, college, graduated kid in China, and you're in a big city. This is 18 to 30 years old, okay? You graduate in college, and you have a job. Your average salary is $700 to $950 a month. Wow. That's the average salary right now in a big city. In China. They're in a 1929 depression. So they're not going to fix this in one to six months. It's going to be years to fix this in China. And the US is, I believe, putting pencils on them trying to even control them because they're sending a message to Saudi Arabia. Anyway, so this is people go man, John, you really got a lot of information, like you just said, you have all this information. And you put together like a puzzle, right? And it's conspiracy theory. And I go, it might be I might be totally wrong. But it just keeps fitting together. The more I put more puzzle pieces together, they keep fitting. Yeah. So

Allen   I have another question. And this is about a different commodity. Now, we talked a little bit of we talked about how the Fed control the prices of Bitcoin, how the Fed is controlled, trying to try and try to trying to or and how it's handling other issues. What do you think? Do you or do you think that they're doing something similar to oil prices? Because it's not oil? Yeah. It's not directly tied to the dollar, but it is tied to the economy. And yeah,

John   yeah. So I remember when President Biden took office is first thing he did was he turned off the Keystone pipeline to Canada. And I was like, why?

Allen   environmental reasons, right? Why

John   would you do that? And I put the US dollar in, wait a minute, we have to buy some oil from Saudi Arabia. So we, as a gesture to Saudi Arabia, to keep oil prices up, we turn off the Keystone pipeline to reduce oil here in North America, so that Saudi Arabia can have a better something like that. And they you know, there is some type of manipulation a little bit around the world, but oil is huge, right? Everyone's got a little bit oil and some kinds of we have a lot of oil for some reason. Saudi Arabia has a lot. Russia has a lot. And so but I would say to you that oil is a commodity base is every once in a while manipulated, but you know, turning off spigots reduces supply, which increases so but what's happened is for the oil trader, your old traders the next 510 years, maybe five years, everyone has gone green, and they're making solar panels and windmills in Germany, right. And they've been the last, you know, since that big huge problem that we had in that tidal wave in Japan. With that nuclear reactor over there, that nuclear power plant, everyone went away from nuclear. So we went through this last winter I believe there were power outages or power Our reductions in Germany, Canada, there are places that just had was worried about their power being right. And so what happens is, so many people have swung over to the green agenda, which is a good thing. They've left the agenda in buying Chevron and Exxon Mobil, and they've left they've left, and so at Chevron, Exxon Mobil have stopped or reduced their exploration because they don't have as much money. Right? Okay. And therefore, that's going to keep oil prices higher. So what the green initiative has done is encouraged oil prices to be higher, because they've reduced the amount of money that can explore and extract more oil. So they've reduced it, therefore there's less of it, therefore, oil will be higher in the future. And I know, Saudis have turned down their spigot lately, you know, for the oil. And so I know that's happening. But oil is a long term play, mostly for me. It's a long term play, but I just kind of try to find the trend. And it seems like, to me the trend is up in general, because of what I just explained. Makes

Allen   sense. Yeah. I mean, I tell people that you know, back in the day, the rich man used to have an engine, like a car with an engine and everybody else was on horses, right? Yeah. And then it became commonplace. And then it became the rich man had the electric vehicle, because he had to be rich to have a and then now it's gonna flip and it's gonna be like, Okay, now the rich guy has the combustible engine, and everybody else is driving the electric vehicles. And the really

John   rich man has a horse. He hasn't a stable. You guys once a month. You know what I mean? Exactly. Back to the horse. Yeah, yeah. Yeah.

Allen   Cool. All right. So I do want to wrap it up with going into the future now, because we you know, you mentioned conspiracy theory. And now this one is, I see it coming. But the US digital dollar. Oh, yeah. Oh, yeah. Yeah. So let's do I want to hear on stage.

John   You've heard me on stage on stage, I show a picture of Arnold Schwarzenegger when he was a bodybuilder. And I show when he's an actor, and I show him as a governor. Arnold Schwarzenegger reinvented himself three times. The US dollar has to reinvent itself. It was gold in 1933. It was the Bretton Woods, you know, we will back the the French franc in 1944. In 1971, it turned into the Fiat dollar of the petro dollar. And now it's going to go into the digital age. And it's coming, I just don't know how long it's going to take for them to manufacture a crisis, that we will accept the US digital dollar, they have to have a crisis versus except for right now. No one wants to accept it. Because once you accept it, everyone knows what you spent your money on. Right? Because right

Allen   now, I mean, you have credit cards, and you have wire transfers. And so like, what's the point? Why do we need that right? Well,

John   but I can pay cash for something, and you don't know what I bought. Right? Right. And so but but once the digital dollar hits, and it's mandatory, everything, you know, there won't be there won't be I can imagine there won't be a tax return anymore. If you buy something at Walmart, the nanosecond, you buy it, a few pennies will go to Washington DC, every single day. And if you're buying Chinese goods, there's 17 pennies that go to Washington DC. If you're buying US goods, there's four pennies go into wash DC every time you buy something. So if you if you transfer money from your phone to your kids, so they can buy lunch at school today, every time you transfer money, there's two pennies going to go. So there's no tax returns. Everyone knows or not everyone, the federal government would know everything you spend your money on, where you spend your money. And they might say Well, that would reduce drug trafficking, that will reduce illegal activities that reduce a lot of things because everything is tracked, there is no gold, there is no silver, there is no Bitcoin, we have to outlaw it. And it might be and I hypothecate In my book, let's go to May 2033. That's the 100th anniversary of the gold confiscation that people said no, that can never happen America Well, in 1933. In May, they confiscated all our gold. And in May 19 In May 2033, it might come to the point where for the good of the country, the country is in so big of debt. If we could just collect all of our taxes from our citizens, we could pay our bills, but we can't because too many people are using gold. Too many people are using Bitcoin too many people are using cash and we can't track that and and that's how people cheat on their taxes. But if we switched to the US digital dollar, no one can cheat on their taxes. When they buy a boat we know it when they pay for lunch, we know it right and we collect our taxes, therefore as to be patriotic. Everyone must have if you own a business you no longer accept cash You know, alongside Bitcoin, you know, because we have to sugar up the US economy, and it's patriotic. And this is this hypothetical, but may 9, may 2033, just 100 year anniversary, it could happen if they can create, and I'm saying create a crisis in the American mind, where we're gonna go bankrupt United States unless we switch the US digital dollar. And that's the savior now. So something like that that's a hypothetical. You might it might be, it might be a cyber attack. You know, I don't know if you remember this, this, I think 2012 Maybe you remember a little country called Cyprus.

Allen   I know of a

John   little country called Cyprus, right. on a Monday morning, everyone woke up went to their bank. And the rich people who had I don't know the number, but it was over 100,000 are over 500,000 in their bank, half of their money was gone. The country confiscated half of the savings accounts of our all the rich people, because the country tried to go to the EU over the weekend, because they were bankrupt. and the EU turned them down. They said, Look, we'll give us a loan. They said no. So the EU turned them down. So the only thing that country could do was over the weekend, confiscate half of the money in all the bank and this is digital, this digital dollars, your digital, you can do this. They confiscated half of the money. And they said basically to the people, aren't you glad we did that? Because we wouldn't have done that. Your your your country, you'd have been worth zero. All your money would have been the zero we confiscated half of it, to pay for the government to keep us alive and open so that you could have half your money. This happened in Cyprus. Wow. So, you know, we when you say when you use the word, US government cannot. That's the wrong word. No, there's no Federal Reserve cannot that no, you should use shouldn't, wouldn't. But couldn't isn't a right word. Because in a digital age, everything is possible. They can change laws they can it's when people are desperate. And Money makes people desperate. Or lack of money makes people desperate. Things just happen that you thought could never happen. And I'm sure those people in Cyprus thought it could never happen. But on a Monday morning, it happened. Oh, yeah. She's,

Allen   I mean, like you mentioned in the book, you talked about the Commerce Clause, right? And yeah, and I remember after 911, the government passed the Patriot Act, you know, it's a great, great name for a bill or a Patriot Act. Yeah. What does it mean? It means basically, if you look at it, they can take anybody off the street, pick you up, throw you in a hole, you have no representation. No, you can't talk to anybody for as long as they want as long as you are under suspicion. And it doesn't matter if you're a citizen or not. And it's like, okay, what happened to our liberties? What happened to the Constitution? Oh, it's not there anymore. Sorry. You know, so yeah, you're right. They can do basically anything.

John   The word the word cannot, should not be in your sentence with the US government shouldn't wouldn't Yes, but cannot or couldn't. Don't don't say those words together with the US government. As

Allen   you remember, when Modi took over in India, they had supposedly they had problems with, you know, the mafia and illegal gambling and illegal monies and all that. So he made everybody turn in their higher dollar notes. Yes, exactly. It's like everybody to come into cash and other notes and the people that bring it in, we'll baskets and stuff. So it

John   he actually it was pretty thought out because he said the poor people need a $1 $5 bill or $10. Bill, the rich people, you don't need hundreds and $500 bills, you can all you do that electronically. You want to transfer large amounts of money, it's electronic. You want to transfer for tips, or you want to pay your guy to shine your shoes or mow your lawn. You still have small bills, because look, it's really hard to transfer $1,000,000,001 bills, because it would take up a whole truckload right? So, so that was Modi's compromise to keep the poor having money in their pocket, and to hinder the rich, or the drug dealers or whoever, for moving large amounts of money. It all has to be electronically because electronically, we can track it.

Allen   Yeah, so I mean, that could be something that they do here. You know, let's take away the $100. Bill. We used to have $1,000 bills, right, I think yeah, back in the day. Yeah. A

John   long time ago. Yeah. Yeah.

Allen   So okay, so you're saying that in nine years is 2023 or 33 2033. And you also say in your book that every 10 years, there is some kind of financial catastrophe or collapse or

John   if you think about it since 1971, okay, we won the fiat currency system. Okay. Okay, and this is roughly nine or 10 years, okay? The economy goes, boom, right? And there's opportunity. So 1971 Give me a few years for the fiat currency to get going. Okay, the petro dollar. In 1988, there was a stock market crash. And soon after that, the Berlin Wall came down, the Soviet Union crushed. And I took advantage of that I started selling us Levi's, the Eastern Bloc country, okay. 1999 comes around the.com bubble, right. And I missed it. There was a huge opportunity in internet. I knew it was going on, I just couldn't figure out how to make money at it. And it went, boom, and I missed that opportunity. Okay, 99 2000. Then in 2008, nine ish, there was a great recession. And I took great advantage of I started a huge fund that eventually was managing a family of funds, the lost family funds, 2008, that eventually, in 2021, was managing $28 billion assets under management. And today manages like 47 billion. Okay. And then 2020, there was the pandemic, right. And then we launched other funds called, they were called opportunities on funds that had huge tax advantages that we launched funds in that. So about every 10 years or so, since the fiat currency of 1971, the petro dollar, every 10 years, you know, it goes, the economy just goes boom, and boom means there's opportunity. And so a lot of the funds that started in real estate funds that started 289, and 10 made a ton of money, you can still make a lot of money, real estate, but we made a ton of money, because the economy was just blanketed low and we could buy things so cheap in 2009 and 10. It was it was crazy. So

Allen   I don't know. I mean, we might be close to that timeline, you know, but 10 years and 33. It's somewhere in there. Well,

John   are 2029, you know, 29? Right in there, right in there. 20 930-228-2930. Right there. That's about 10 more years. That's the tenure since the last one ish, right? Yeah.

Allen   Do you have anything on your antenna that you're noticing now that would go boom?

John   Well, again, it might be the US digital dollar that goes into it might be an opportunity there. Because, you know, maybe this is this, this is way out there. But maybe Congress is spending and spending and spending and spending and spending for a lot of reasons. But one reason is to cause a crisis. Well, so that we could be forced to go to the digital dollar. Oh, my right. Yeah, that's just a crazy i That's i That's not my blood, because that's just a crazy theory. But because I can't think I cannot figure out why. What's the purpose of this? Like, I can't figure out why President Biden lets all these illegals coming off our southern border. Yeah, I don't I don't get I know there's a reason. But I don't really understand the reason I'm trying to figure it out. And I haven't figured that one out yet. And yet, I can't figure out why the US Congress can't just stop spending some money. It might just be there's no conspiracy, they just spin spin spin. But it might just there might be another underlying reason. They're trying to force it because they look to get us to go the US digital dollar, there has to be a cyber attack, there has to be some big crisis, something like in Cyprus, that would cause us to go, okay. I'm okay with that. Like right now, we have five and a quarter percentage rates, you know why we're okay with that, because we had 9% inflation. But if we had 1%, inflation, we would never accept a five and a quarter percentage rate. So there has to be some type of crisis to get people to do things they don't want to do. And we no one wants to go to the Digital's digital dollar. But you would in a situation, there's scenarios that you would you would switch Yeah.

Allen   And at this point, there's no alternative. And the Fed, like you said, is making it that way. And that's their job to make sure there's no alternative. Oh my Well, John, I really appreciate your time we've gone over thank you so much for it. And again really fun, everybody it's dollars gold and Bitcoin available at Amazon, get your copy. And we've touched everything in here. There's more in here that that is also

John   on audible.com If you'd like my voice, you can listen to me for six hours and because I recorded the whole thing and all the time so if you don't read books, you listen to books, you can continue to listen to Mike scratchy voice for six more hours.

Allen   Thank you so much. I appreciate you and everything that you've shared with us.

John   Thank you very much for having me.