Details
Today we touched on the wild times we're living through, Simon touched on the Iraqi dinar and we spent some time discussing today's U.S. House Committee on Financial Services Committee Hearing on Crypto Crime and Contacts Breaking Down the Illicit Activity and Digital Assets in particular the Rep. Sherman part.
Comment
Today we touched on the wild times we're living through, Simon touched on the Iraqi dinar and we spent some time discussing today's U.S. House Committee on Financial Services Committee Hearing on Crypto Crime and Contacts Breaking Down the Illicit Activity and Digital Assets in particular the Rep. Sherman part.
Listen to EP25 Beyond The Brink NOVEMBER TO REMEMBER! LET'S TALK by VidaBroadcast MP3 song. EP25 Beyond The Brink NOVEMBER TO REMEMBER! LET'S TALK song from VidaBroadcast is available on Audio.com. The duration of song is 01:57:42. This high-quality MP3 track has 320 kbps bitrate and was uploaded on 30 Nov 2023. Stream and download EP25 Beyond The Brink NOVEMBER TO REMEMBER! LET'S TALK by VidaBroadcast for free on Audio.com – your ultimate destination for MP3 music.
Comment
Loading comments...
Melissa welcomes Simon as a special guest on the show. They discuss various topics, including the potential revaluation of the Iraqi dinar. Simon shares his interest in the Iraqi Central Bank's efforts to regain global recognition. They also discuss the current situation in the Middle East and how Iraq has managed to stay out of recent conflicts. They speculate on the potential future value of the Iraqi dinar and the possibility of it returning to pre-sanction levels. Simon mentions that he knows people who have held Iraqi dinars for years and hopes it works out well for them. They discuss the current exchange rate and calculate the potential increase in value if it were to reach ten cents. Melissa emphasizes the importance of staying informed and educated about such transformative events. Simon explains his process of acquiring Iraqi dinars and expresses skepticism about buying them from websites like eBay. He mentions considering exchanging currency at an airport but is surprised to Welcome to Beyond the Brink. This is the show that discusses global events that are pushing people to their limits and driving them to the brink of change. I'm your host Melissa. Christy is on assignment tonight and so we have special guest Simon Says Crypto that's joining and we welcome everybody who's tuning in. If you'd be so kind as to like and share and subscribe and all that good stuff. If you're watching us live on YouTube and then this will also be posted to Rumble at some point and we're here live on X Spaces and it gets easier every time kind of sorta. Welcome Simon. Thank you so much for joining. Hey thanks for having me on. I feel honored to be here in the and try to fill this seat where Christy does. She is a bad mother plucker when it comes to this type of topic and information. Like she really you know she has this way of asking I wouldn't say like the hard questions. Yeah. Like these like they're like borderline hard questions but we can you know but they're like a discovery question you know and I she just she just has that and I love that. She like reels me in too so I tend to squirrel every now and then. Maybe that's what it is. You're the horse and she's the trainer. Back to work. I am definitely a trainer that's for sure. Well I have to make a confession here. It's not Sunday. Well you know during the during the weekend in the in this earlier in the week there was just all kinds of stuff going on and you know the November is going to be a big month all this news and and chatter going on and so I thought oh great you know Christy and I talked and it's like you know let's talk about that and and then I got home from work today because I have a nine-to-fiver and I drew a complete blank. So this is going to be free willied tonight and I would really appreciate any of your input because there really is so much stuff going on isn't there Simon? There is. You know I've actually my my focus not really intentional focus it's just kind of what's come across my field has actually been all about the Iraqi Dinar. Oh. You know you know just what Iraq Central Bank is doing them trying to or achieving to get back on the world stage as far as business commerce or trade you know that type of thing so that's actually been been really interesting to I'd say listen to and watch develop but it's not like I'm in that deep per se but I'll tell you what with everything that's going on that's actually grabbed my my attention the most and that's probably because I have literally hit the brink on a whole other slew of topics that I'm like oh thank you some some some progress in a positive way even if other people don't like it you know Iraq seems to be moving in a positive direction and they're kind of they're in this hot zone of the world right now I mean it's always been a hot zone let's be real to some degree right at least that's what the news tells us but I'm not going to go down the news rabbit hole right now but they've actually stayed kind of stayed out of this this altercation that's going down there in on the Gaza Strip and all that you know with all the other countries that are participating in that at some level it seems like they've just stayed out of it thus far so I found that kind of that I found that kind of interesting that they're able to do that and they've just focused on no we're we got other things to do you guys can have your your horrible horrible horrible drama that's taking place over there and we're gonna try to you know get back on our feet because we already went through some drama yeah where do you think that where do you think that dinar is gonna go okay so speculation like crazy I like speculation we can speculation a million dollars no so I was actually listening to a summary video and through that summary video somebody reading a whole bunch of other opinions and information etc and one of the individuals that was giving out information says that they thought it might go back to before there was u.s. sanctions and I found that interesting like I don't know sanctions played could play that part of a role on another country's currency right I you know I'm like huh but it makes that would make sense right that's how you that's how you really slap it to another country right that's how you give me a bigger slap on the wrist per se for first doing some horrible things or whatever it was you know which is a slew of things I'm not going to get into that but um so I did a little research first thing that came up according to Google's I saw what the price was or the ratio US dollars to Iraqi dinars and that was three US dollars to one Iraqi dinar now let's and then I saw some other ones like 1995 or just before that it was like a dollar fifty so one one and a half dollars to one Iraqi dinar and I was like well the hell the hell you say well how much can a hundred like I've got a hundred dollars right now look at how much Iraqi dinars can I get so you can get a hundred thousand Iraqi dinars give or take a few percentage points here and there for basically a hundred dollars plus three dollar fee and blah blah blah I was like so so I'm really hoping those sanctions go away and it goes back to there cuz hey not a not a bad hundred dollar scratch ticket and honestly that's what I'm treating this as you know even and more of a it's really just the experience like here is this this event that could take place where we're where we're going to see some type of revaluation and for years and I remember this too when the the you know the Iraq war broke out you know we went over there we you know all the crap that went on but I remember hearing about people saying oh there's going to be a revaluation of the Iraqi dinar get some get some I mean that was like ten years ago I know people today that bought back then and they're still sitting on them you know they're still sitting on right I mean they're not gonna they're not gonna sell it you know or exchange it or whatever and so honestly really I really hope for all those people that have held that long that this really works out good for you you know yeah you get you know I mean if it even came up to I think it's like three zeros and a one right now or it's like three zeros and a 13 maybe it's four zeros and a 13 I really think it's three zeros and a one three so basically what is that a hundredth of a penny yeah hundredth of a penny right is one of their one of their dollars equals one hundredth of a penny to ours or something like that so if you lost if it was like the Iraqi dinar came up to like ten cents so one of our ten cents equals one of their dollars for people that invested in that that would be let's see a ten a hundred I think that might be a thousand X a thousand percent increase that would mean or somewhere in there I might be wrong could be a hundred I if you drop one I think so yeah can you imagine yeah let me let me I'm gonna pull up the calculator on the old PC here and yeah do some quick math so if you bought $100 so man I'm getting the old stickaroo there that's not right maybe maybe it's a tenth then because it said seven hundred twenty nine thousand Iraqi dinars no that's not what I got the other day so not what I got the other day point zero zero one let's try that that's right okay so they're a tenth of a penny right now right so if it went up to ten cents so a hundred thousand times 0.10 at $10,000 right so that's a thousand percent then I guess there are a hundred percent X it's a hundred X that would be incredible that would be absolutely amazeballs I mean what here's the thing in anybody that's giving this any of their attention at all which of most people that I know are not even getting your dip in a toe which I know this is this is beyond the brink but just well when you if you get beyond the brink you better start dipping your toe you better start dipping your toe if you get beyond the brink well we and I am beyond the brink to where I am I'm just consuming so much information right now and you know a lot of people are you know they say it's wasting your time and whatever and I'm like no I I'm becoming more and more educated and enlightened and I'm meeting so many people and having all these conversations and I'm trying to figure this stuff out and you know I think I've said it before I don't know everything I I don't I'm not trying to say that I do but I do know enough that to know that there's something really big happening and all of the all of the clues point to that and if you can get in on the ground floor of something that's going to be so transformational and I mean mind-blowing you know if it's worth your effort to give it some attention and try to and try to figure some of this stuff out now you you bought yourself some some Iraqi dinar right how did you go about doing that well you have to got you have to call a guy by the name of Dave David a code name for operator then he gives you a location and then you have to meet him and you have to be wearing a white trench coat with a briefcase getting very much change so I was curious on how to how to get them been curious for a while but not curious enough to do the homework so a lot of people in the dinar or currency space they were going to various different websites places like eBay even and buying some doesn't feel right that'd be like if you bought your Bitcoin on eBay oh I got my Bitcoin on eBay why do you know it's real you know you know that was always my concern right how do you know it's real you know or it's legit or whatever so I did the one thing that anybody else would probably do if you're going out of the country you have to go through an airport when you're in an airport they have the little currency exchange booth tiny little thing six by six one person different currencies I was like oh perfect I could go there and go get some dinar hooray let's do it so I I went to go search their hours out and to my surprise which this is the big surprise actually there are two other international currency exchanges very much near to me tools and they're both in malls and the malls that they are in have the most foot traffic in my state and I found that very very interesting because they weren't they weren't there before they're fairly new and so initially you know tinfoil hat when I'm like wait a minute why are you at a mall and you're brand new how can we trust you right so what I do I do a little research on it yeah yeah you know that's exactly what it was right I'm like doesn't seem right about this money lottery has been going a long long time and you know they figured out where they can set up shop and do all these other things so anyway so I I did a little research on the company and actually the company which is ICX international currency exchange they just had their IPO not too long ago so so they're a publicly traded company that's not saying that they're doing legitimate things I'm just saying that they're a publicly traded company so I found that that interesting as well and I was like okay this brings a little bit more initial legitimacy to that establishment or that entity right that company so so went down there brought the wife and and I walk in and it's just a kiosk by the food court and I say yeah I'd like to get some Iraqi dinars and like both of the individuals working there were slightly a little off they're like what you're not like like dinars are you sure you want to go there like that's not a spot for vacation and please take no offense but you don't look like you're FBI material at all you know yeah you're wearing a black hoodie and all that but they wear dark blue hoodies anyways so I got some for a hundred bucks and you know I felt pretty cool and I was like cool this is easy and I know actually well so check this out so here's kind of what happened so I was dealing with a you know a well-dressed individual it wasn't like they were suit-and-tie but you know a very professional looking individual behind the counter of course I talked to him about Bitcoin but that's a that's a top or a conversation for another show dip your toe I asked him about the dinars and you know kind of rate and that sort of thing but when I first initially asked I was watching the guy in front of me I wasn't watching the guy behind him who my wife was watching and she had told me after the fact she goes dude that guy be behind the guy you were speaking with like he like he's like what you kind of freaked him out you know like what like what do you mean I freaked him out like what's this bad were you getting a bad vibe did we do a bad deal here did we just get bamboozled ah man it's like my second crypto trade kind of experience stupid you know what the hell I wasn't paying attention so anyways she goes no she goes it was just it was more of a surprise like oh that people were coming to buy these like this like he knew something else yeah turned around and kept focusing on other other things so I was like huh that was interesting so I went back on Sunday or no Monday I went back on Monday to to get some more so I just got a little bit more no big deal hundred dollars worth no big no no big nothing and what's that nothing to break the bank over no no nothing to break the bank at all no no no I mean based on the math that I just did if the ratio comes out to ten cents and yes for my hundred thousand dollars I technically have ten thousand dollars u.s. not bad for a hundred dollars even if I got a hundred dollars back for my you know for my investment per se right or double that I got two hundred dollars back hey right on who got that dinner and drinks even though I don't drink anymore but whatever but it was just that part was really really interesting that my wife saw this reaction from this from this other fella which I wish I could have seen I so wish I could have seen because of course that would have made me go oh this is a real thing oh my gosh the RVs happening oh cool right but you know at the at the end of the day I was thinking about some other things that I've come across other people's thoughts on on the Iraqi dinar being revalued at any level one of them was trying to think about how much sorry we've had a lot of military activity in my area today oh yeah yeah we've had a lot a lot a lot of flying jets you know hearing that too yeah from sorry I need to change it up yeah no but let's let's talk about let actually let's talk about that in just a second and I'll after I just finish this up real quick on the what I heard somebody else's take on this and what was this the revalue happens how much liquidity is that going to bring back to other countries example for like ours okay I talked to brief I mentioned the sanctions that happened earlier earlier in the 90s right but before that it was a three to one ratio if that was a three to one if that three to one ratio came back how much liquidity would that instantly bring to our economy at the retail level right because what am I going to do with $10,000 most of you would know if you're watching on YouTube you know exactly what I'm going to do with that $10,000 put it right there by the way I'm pointing out my my crypto logo follow you on spaces right now I would I would I would totally do that I would totally I would I would totally go there I could be a red I could be a red candlestick on a chart or I mean a green candlestick yes maybe I'll wait for the red candlestick and then be the green kind of chart but anyways I was like huh that's actually very interesting to what a what a positive thing for at least in this country for those who all invested in it they're gonna be able to depend on how heavy they're in they might be able to go buy a laundromat from a boomer that's just trying to get out of the game and now they're carrying the torch and now that business is there and there's so much opportunity coming for those that are giving this attention like you did like that this what the example that you just gave I wanted to kind of before we would go on to another subject I've got a clip queued up that kind of ties in with just a mentality of the sanctions and the hegemony that cool that the United States dollar have had and you know what it's kind of done to the world in so this is a clip that I watched today there was a there was a hearing the crypto crime and contacts breaking down the illicit activity and digital assets okay so there's a I hope I've got to the right the right place I'm going to share my screen I don't know if any of you guys are familiar with mr. Sherman but I can't stand the Shermanator I cannot stand this guy he is a jackass sorry bad language oh no don't say it I'm sorry he's a really nice guy YouTube he frustrates me to know I thought you're talking about Richard Sherman so here hopefully let me unmute it so you can actually hear it all right so I'm gonna play it here go this is have businesses here that depend on the crypto ecosphere that if crypto were to cease to be a thing you would all lose an awful lot of money am I wrong as to any of the witnesses I don't depend on so basically right now he's questioning the panel insinuating that these professionals that are on at this hearing testifying that their answers are based on the fact that they could stand to lose a lot of money because they're crypto people right so that's the that's what he's insinuating initially here cryptocurrency for her I don't have any I'm not owned by a cryptocurrency company my clients are not cryptocurrency companies ah the one Democratic witness I commend the ranking member for her so selection of witnesses thank you we're told about US leadership I want to point out that when it comes to human trafficking China's better at that than we are when it comes to tax evasion I was like what did he I'm at work and I've got headphones on when I brush and I'm like what the hell did he just say he just openly admit that the u.s. sucks at human trafficking but yet we still do it is that what he's saying there because that's exactly what it sounded like but maybe I'm wrong I eat too much chocolate and I it gets better it gets better okay I don't know which witness can answer this but look at the same money crypto I'm sorry guys for those on X day I think there's probably thank you for the question I'm not totally sure but I would say between 10 and 100,000 between 10,000 so so do you concur with that Simon between 10,000 100,000 transactions a day only in Bitcoin do you think that's true or do you think it's more than that that seems kind of low to me but I don't I'm not well versed in that but when he said that I was like mm-hmm seems like but maybe not because because people that have Bitcoin are hodlers you know so they're not general let's um I mean okay let me let me let me add to that I guess a little bit in that in that scenario so I'm thinking of transactions being sent back and forth right wallet to wallet peer-to-peer exchange to exchange but when you so if you send your Bitcoin from one wallet to the exchange right in that exchange if you use if you put in a limit order it's actually really it's like tied to your account but it's all just one big pool per se right it's just a pool so they're not really being sent back and forth in a buying-selling type of transaction that I'm aware of so so ruling out the the buying and selling part yeah I would I would I would be more on the lines of a hundred thousand I would say fifty to a hundred thousand globally going back and forth yeah you know honestly yeah hundred a hundred thousand yeah that's probably about right I mean because because you got the scent yeah yeah we can speculate on that a little or talk about that a little bit later all right I'm gonna I'm gonna keep playing yeah if you plan to illustrate the the point I'm making and that is as long as crypto isn't a currency as long as we're talking ten thousand transactions as long as it's not a currency long as crypto is not a currency and I want to tie this into some other stuff that I that I research easier but it really gave me a like oh interesting that he's saying this even a hundred thousand transactions then we're going to be able to police it a lot more easily than if it ever became a currency I mean think of how does anybody have an estimate is credit cards debit cards checks how many US dollar transactions are there the average day well you guys dollars is different the transactions numbnuts Oh see right yeah he's comparing that he's comparing right he did he say he's like hundreds of dollars he's talking about dollars and and transactions and those are two different things mm-hmm I can't see your name Lisa your last name is Lisa and you're you're nodding it must be a billion heck maybe a billion just I think I think a billion is conserved right so obviously it's a lot harder to find a tree in a billion in a forest of a billion trees than in ten thousand to a hundred thousand trees I would say look when someone I've talked to the Israelis about this when somebody tells you they're going to try to kill you you should believe them when an industry says they're going to try to displace the US dollar as the a bad I believe them browser currency and a medium for international exchange you should believe that yes you should and if they were ever successful the power of the US dollar and international exchange is to the point where we tell other countries how much Iranian oil will let the by and if did you can you believe you got right there I'm sorry I got to keep my professional filter on here in that way I mean well yes yes I can yes I can we know that that's true and that's what we know that they've been doing to other countries but this road he is straight-up said you know it was we let something else be the reserve currency right oh yeah and then we were not going to be able to let them you know because right before with the petrol dollar and that they if they wanted to buy oil or whatever they would have to have like the I'm going to stop sharing percent they would have to get the US dollar in order to to buy that oil well now with bricks coming about and then making agreements and saying you know we don't we you we don't you don't need to pay us in dollars right so this dude it's just I can't even believe hey live and learn take I for all you on on spaces right now because I know we're doing multiple platforms here I know you can't see this video that's playing but on YouTube or wherever or well Melissa's positive to where he just said we can tell countries like what do you say I ran he said I ran I'm gonna rewind it a little bit anyways what I'm what I'm trying to bring and paint a little picture here for everybody else faces this dude is smiling in a like you know like a very creepy kind of a way when he's smiling saying this and sorry my filter wasn't on it probably he couldn't hear the sound from the video you can't hear the video even on ma'am bammer I wonder what see here oh you know what it is why is the video muted on your end no okay no it wasn't I'm not playing the video right now though guys did you could you hear it before could you hear any of it at all can you give a thumbs up if you heard it initially there's a pretty big delay yeah so we'll wait that is for those of you that are you could hear it though right on your end you heard the yeah I can totally hear it on my end as far as spaces I don't know I got everything muted yeah she put it she Kelly's putting thumbs down thumbs down well I don't have the video playing let me try to get right you know let's give it a give it a go see what happens be a billion just I think a billion is conservative right so obviously it's a lot harder to find a tree and a billion can you hear it or no worst of a billion trees I can yes you could I could run request hammer Kelly I just approved Kelly so hopefully maybe she'll tell we got thumbs down thumbs down turn it I'll be right but hey guys hey you couldn't hear it you couldn't hear I did just post if you want me to post the top just that first part with when he first started speaking Sherman did if you want me to post it up top I can do that yeah so did you hear it you couldn't hear it at all at all no or no I think you'd have to go to your sound oh you know what I know what I did I know what I did wrong I got you I got you we could hear you yeah I'm gonna go back I'm gonna go back then because it's hard over again you're here in my you know I appreciate you guys letting me so I know what I did wrong now when I did the share I didn't do my advanced sharing when I did it so that would have probably that would have helped if I would have done that share to to do share sound there we go then we sure okay now yeah we want we've run this whole movie okay let's play from the beginning drag it all the way well this dude oh well oh hi guys all right okay you're trying to do Sherman yeah the one risk of it is which could efficacy overall efficacy now you can hear you hear a little bit more but not again you go down the road of doing well what's going on here I wonder if that will help I mean things like we're not being cognizant of actually doing darn it last time it worked just fine so I don't understand why it's not why my my sound is not maybe I don't have oh I got that I got no I got no clue I got I got no clue and why it's not working what the u.s. has always been famous for doing this one of the reasons why it's been a leader in the AML space is we as a country have taken a risk-based approach we look at how we we target legislation and policy to address that arm I don't think that's been the case so and here clear now you know I why this is worth this is worth figuring out here so if I go to I'm doing I'm doing sheer sound doing this screen optimize for sound you Oh advance computer audio stereo quality should be everything should be fine I don't get it let's try they gone they own it bang bang it let's see try again thank you mr. Timon gentleman goes back the Sherman of California's right now for five minutes as far as I know all the witnesses have businesses here that depend on the crypto ecosphere that if crypto were to cease to be a thing you would all lose an awful lot of money am I wrong as to any of the witnesses did you guys hear that now or no we got a can here here on the YouTube dang it why Donna I don't get it that really bums me out your output settings possibly have you looked at adjusting I don't I really don't know but if you looked at adjusting settings on the I don't think I can adjust it on the space like like the the sound I've shared it before I should we shared stuff last time and I didn't have any issues whatsoever doing it so I don't use why why it wouldn't be working it's a bummer though I know that because try try one more time I don't have any I'm not owned by a cryptocurrency company did that yeah I don't get it dang it company my clients are not cryptocurrency companies ah the one Democratic witness I commend the ranking member for her so selection of witnesses thank you can't hear it still right well if you like I could I did share that first part up top do you want me to screen record it and put the rest I can well you're saying like just the audio I wonder if I can just do the audio I guess yeah so feel it I don't know I just I screen recorded earlier today nothing you were let you listen to the same thing yeah what did you just say let me try to do just the audio and see if this works tell me if this works just see we're told about US leadership I want to point out that when it comes to human trafficking China's better at that than we are when it comes to tax evasion the Cayman Islands is better we don't okay so you can hear it when I'm just sharing the audio but not not if we're sharing the video is that is that what I got so all right I'm gonna I'm gonna go back what a kerfunkle I just turned it off so all right I'm gonna try it again right here I don't think that's been the case so far with with mixer sanctions okay thank you for that mr. chairman I yield back Thank You mr. Timon gentleman goes back mr. Sherman as far as I know all the witnesses have businesses here that depend on the crypto ecosphere that if crypto were to cease to be a thing you would all lose an awful lot of money am I wrong as to any of the witnesses I don't depend on cryptocurrency for her I don't have any I'm not owned by a cryptocurrency company my clients are not cryptocurrency companies ah the one Democratic witness I commend the ranking member for her so selection of witnesses thank you we're told about US leadership I want to point out that when it comes to human trafficking China's better at that than we are when it comes to tax evasion the Cayman Islands is better we don't we don't need to be a leader in everything I don't know which witness can answer this but how many crypto how many Bitcoin transactions are there in the average day can you guys hear that now Kelly did you hear it Simon on your end yeah I could hear yes I could hear it on my end yeah it looks like you everybody on live stream on YouTube's got it good to go all right so I'm gonna keep going yeah play on thank you for the question I'm not totally sure but I would I would say between 10 and 100,000 and not between 10,000 and 100,000 you illustrate the the point I'm making and that is as long as crypto isn't a currency as long as we're talking 10 hey Simon you want me to send it to you and you try to share it the audio because I don't know what the hell's going on sorry I was muted I was gonna say crank it crank the volume on it I got it cranked up as loud as it'll go okay yeah it's like and it's about I don't know go to like an hour and 20 minutes in is where I'll find the this is Melissa attempt at being technical and you know it worked for me the last couple of times when we did this I shared it came across on the video and everybody could hear it and so I really don't know what the problem is I'm really I'm at a loss here guys darn it we did our first reaction video and they couldn't even hear the video there we go three two one so all the witnesses have businesses here that depend on the crypto ecosphere that if crypto were to cease to be a thing I see that one an awful lot of money am I wrong as to any of the witnesses I don't depend on cryptocurrency for I don't have any I'm not owned by a cryptocurrency company my clients are not cryptocurrency companies ah the one Democratic witness I commend the ranking member for her so selection of witnesses thank you we're told about US leadership I want to point out that when it comes to human trafficking China's better at that than we are when it comes to tax evasion the Cayman Islands is better we don't we don't need to be a leader in everything I don't know which witness can answer this but how many crypto how many Bitcoin transactions are there in the average day I think there's probably thank you for the question I'm not totally sure but I would say between ten and a hundred thousand in that sort of order between ten thousand and a hundred thousand and a hundred you illustrate everybody got weird glasses and whatnot long as crypto isn't the currency as long as we're talking ten thousand transactions even a hundred thousand transactions then we're going to be able to police it a lot more easily than if it ever became a currency I mean think of how does anybody have an estimate of this credit cards debit cards checks how many US dollar transactions are there in the average day at least a billion that's a I see this I can't see your name a lot of names Lisa sir leave your last name is Lisa and you're nodding it must be a billion heck maybe a billion just a I think I think a billion is conservative right so obviously it's a lot harder to find a tree and a billion in a forest of a billion trees than in ten thousand two hundred thousand trees I'm gonna pause right there just real quick because he's comparing dollars and transactions on one side right he's taking all the debit cards the credit cards and the and the checks and then he's like saying how many dollars worth of transactions right and then he's saying how many transactions are done in Bitcoin right so he's not it's like just because you did a billion dollars worth in transactions Visa card MasterCard debit card blah blah blah dude Bitcoin totally has that on lock if you want to go dollar for dollar per day easily I mean Bitcoin has above 50% dominance in the crypto market and I don't know what the crypto market is right now but it's in the trillions brother just saying let's play on I would say look when someone I've talked to the Israelis about this when somebody tells you they're going to try to kill you you should believe them when an industry says they're going to try to displace the US dollar as the war as a reserve currency and a medium for international exchange you should believe them and if they were ever six successful the power of the US dollar and international exchange is to the point where we tell other countries how much Iranian oil will let them buy and if they don't dare to buy anymore he's I know you guys on spaces can't see this but his base lit up like a Christmas tree like it was the happiest thing in the world we get to tell other countries how much oil they can buy it for my red yeah cuz we're cute like give me a break bro if that's your agenda which clearly by your happy-go-lucky smile you had on your face right then and there yeah go ahead I'm sorry I didn't mean to I can't even believe he said it in this way I can't even I I can't I can't I mean great truth honesty and transparency we saw the well for those of you on YouTube you saw for those of you on spaces you didn't did not see the s eaten grin he had on his face yeah and that and this is what I will say you know this this is a November to remember which I kind of feel like there's been so much stuff that's happening and a lot more things are happening you know in in this month I'm sure there's going to be much more in the in the months and years to come but with a lot of the senators and Congress people that's the election and they're leaving and whatever and they're all acting weird this guy's perfect example come right out and say it now he's saying it with a smile like it's no big deal but he's telling the truth here of you know what what we've done and he's proud of it I'm not proud of that I don't think that's appropriate where we're able to tell another country how much fuel they can buy for their for their people you know that pisses me off so sorry carry on continue all right here we go dollar wasn't as important let's put it like this the Uruguayan peso is not that important for why started telling China how much oil they could buy from Iran they would be laughed at we're told that there are good uses for mixers this man is we're told it's about personal privacy is that really just a code word for tax evasion thank you for the question there's mixers can be used for whatever purpose the end user wants it to be and it can be tax evasion it could be fair finance it could be the hide illicit proceeds when since then the Treasury released their proposed rulemaking on considering mixers to be primary money laundering concern they do actually have studies and analysis using blockchain analytics that cited a very large percentage of funds that were flowing in and out there related to illicit activities so there's there's some looking at illicit activities don't even think of tax evasion as an illicit activity you know some people are thrilled whenever whenever a billionaire is able to cheat on their taxes are they talking about like where the where with crypto it can go in you know you send it to one place and that gets kind of mixed up and then spits out on the other end like a it's kind of like washing it right yeah that's the others they're giving the reference to Washington uh-huh but just even the the way that he's saying this about the tax evasion part his his particular witness that he has if you listen to what they say just like closely what what they're saying it's it's not what you would initially think that they're saying I guess is what I mean no but here's but here's what they're what they're also doing he's just trying to show the ugly oh someone's hiding away tax agents oh okay so you're telling me that I have to pay taxes on something that I haven't realized any tax on because I didn't go into dollars is that what you're saying and if that is what you're if there's no clear right well but they but they want this is a trap this is a big trap this is a huge trap because they're because as he stated before if the dollar gets you know knocked off its pedestal then they can't go tell whoever they want to do whatever they want or or hell have no fury we'll do what we got a dude did we're gonna do whatever we want to do that we normally have done to you that that's kind of the thing there you know so you know the whole thing with with mixers is it's like we actually yes this is a privacy I really don't think it's your business to know where that money came from and where it's going to and the reasons why if it is such that then you should be auditing your own IRS to see where the money came from go for it I'll wait okay enough about that here we go can you think of one my specialty is financial crime so I would defer to the other panelists but I went more about how it can be used badly I can try more on that but yeah aside from that you know what the other folks in the panel have already said I don't have anything to add to that well I think most of the folks in the crypto world think tax evasion is a meritorious use of the mixer now you'll back get a pause there it's not tax evasion if I didn't go into cash right do big right gentlemen just back and a second round of questions now for the members who want to put that it that was it for terminator of what I wanted I wish that I had some other oh good Rosemary said we fixed it yeah Simon fixed it Melissa's got to do some work Rosemary I I watched some other hearings and they all get kind of scrambled together and you know unfortunately I'm not as prepared but as this is all unfolding but I I listened to little bits and pieces of these hearings and what they say and I was listening to a tax one the other day and they were using very interesting words because if you've ever kind of studied up on the whole voluntary tax thing we talked about this on a show or two ago you know where it where it's a it's a voluntary base a system and and they were saying they were using those words during this this hearing that I was watching they say it if you listen so it's no BS and then they were talking about oh gosh they didn't have a problem with the tax avoidance tax that they kept me a tax avoidance is legal right well yeah it is legal it's for the people that understand how to how to use their money properly and you know that you're able to legally not pay taxes so I just I'm there's just so many things that that are happening right now that that frustrate me and these people talking and him saying you know he's really worried about it becoming a currency and then he's worried about the mixers and the billionaires you know I don't know what I don't even know where it was going with the billionaire thing with the with the taxes because like you're saying you know unless it went back in to see it well the other thing is is that there's no clarity yet so why are you going to automatically just say oh I owe money you know I actually know people that are they like sold to get into they're doing IRA they're like taking out their 401ks and putting the money into a Roth and now there was a time like litecoin leader and I had disagreed somewhat when it came to a Roth IRA and he was his position was you know it's nuts to take out take out cash out money pay tax on it and put your money into a Roth IRA now and my position back then was you know if if Bitcoin but and at the time that was the only thing you could really put in into these savings plans was kind of kind of like a like Bitcoin in that but I thought if it's going to grow as tremendously as everyone expects it to to have it grow in a Roth IRA and not have you know not have to pay any tax on it at all is incredible however if you don't if you already had one that you can roll over directly like a like a from a Roth to a Roth you shouldn't be having to pay any you know you should not take that money out into your own not financial vice but you should not cash out because then it you are creating a taxable event right but that's like that's but see that's like the thing right there you just said it yeah cash out you went into the thing that they tax you went into the negotiable instrument you went into the the tool that they tax yeah that's how you have to pay your taxes you you pay in money and they'll do little trickery stuff well I mean I'm saying I'm not saying intentional if they accepted another means of payment which by the way the IRS doesn't accept payment in Bitcoin right but it has to equal the cat the the dollars at the time of receipt or receiving right so they'll receive it it has to equal your outstanding balance at that time so if there's fluctuation in the market oh shit you know oh it doesn't count you know but there's the they're trying to they're trying to say oh oh but it's worth this much you won't attach it's like no just because it takes this many dollars to do a thing doesn't necessarily mean I'm gonna text I didn't go into the thing right trade into the thing give me a break you know just because you say it's worth that much that doesn't mean it is that and that's only if I go into cash then it is worth that much only upon the actual transaction that's because that's realized at that point and I might be paying my own self in a quarter here from years from now but from my viewpoint at a minimum it's when you go into that money that is when the tax is because it's a privilege to have that money mm-hmm I wish Alan was here we could he could dive down deep on some of this I know I know how unstable love you brother I'm Andrew see most I'm so glad you brought this to all of us though this was this was quality quality stuff right here I'll be it all all I'll admit in my younger days and I'm like this is so boring right um I watch these hearings all the time and they well I mean shoot that did you see the one where what's-his-name was a mr. Mullen that's what I say there's like crazy stuff happening so there was another hearing it wasn't it wasn't during this one where apparently the teamsters Union guy Orion because his last name he had been making some smart alecky comments regarding senator Mullen that he was you know like not really a hard-working guy and you know he kind of challenged him to you know like I guess a fight did you did you hear about this Simon you mean a senator challenged a teamsters Union representative to he accepted the challenge he accepted Brian the teamsters guy accepted the challenge no O'Brien was the one running his mouth media about the senator and then the senator during during the hearing said like he read what he put I'm trying to find it so you can share it I was like what in the hell is even going on right now and then I think that there's been so much stuff happening that I think I read earlier where they they sent him home for Thanksgiving right like because everybody because everything's getting so heated and I'm thinking well did I did it really get heated yeah I'm gonna send this to you so that you can yeah I'm gonna send it to you because this is worth watching too I mean I guess this is like when we say what's happening in what the hell's happening in November what's happening is the B actors are on overdrive right now and they're like having a great old time showing up showing up to work in and getting to play pretend we're fixing the world's problems as well as what I think I mean it's just my opinion but this so basically this is I brought a post that mr. Mullen's accepted an earlier challenge by mr. O'Brien and I said I wondered if Bernie thought it would be funny to have O'Brien there after they already had an issue between these two in an earlier hearing I guess and then that's when O'Brien took the social media and and I said it seems like an intentional poke of the bear moment and I just think it's wild with what you know with what's happening did you find it I did I can't wait to see your reaction I cannot wait to see your reaction Simon but yeah I have to well I have to share my screen you know everybody else ain't gonna see my reaction but well I think I think your head might pop up I'm turning my video off and you and we'll watch this let's see what happens we'll do it I gotta share the screen here did any of you guys else see this yet Kelly you probably did senator Mullen it's actually higher non-union employees are getting paid by roughly 1 to 2 percent which is exactly what union dues are is 1 to 2 percent of their salary so I just wanted to set the record straight on that and that's coming from statistics all right now let's talk about mr. O'Brien himself his behavior as everybody knows and it's here in the last time I kind of had a back-and-forth appreciate your demeanor today it's quite different but after you left here you got pretty excited about the keyboard in fact you tweeted at me one two three four five times and let me read with the last one said said greedy CEO who pretends like he's self-made sir I wish he was in the truck with me when I was building my plumbing company myself and my wife was running the office because I sure remember working pretty hard in long hours pretends like he's self-made what a clown fraud always has been always will be quit the tough guy act in these Senate hearings you know where to find me anyplace anytime cowboy sir this is the time this is a place you want to run your mouth we can be two consenting adults we can finish it here okay that's fine perfect you want to do it now I'd love to do it we'll stand your butt up then you stand your butt up they take a ring off you got you got to play the rest keep going keep going I just wanted to give the people of our reaction to a little bit I mean he was getting ready to take that ring on he's like oh yeah you want to go I don't care what kind of trucks you drop I'm a plumber did it like this is classic construction job site like beef right here like it truly is like this is great oh we'll continue here we go I'm gonna re-share the screen just give me a moment here we go we'll finish this up hold it if we can't no I'm sorry this is all that you'll have your time okay can I respond oh no you can't this is Bernie God knows the American people have enough of contempt but Congress looks like I don't like drugs and do it and that's why I don't like you hold it you have the mic time all right just say and let's do this because I did challenge you and I accepted your challenge and you went quiet no I didn't go quiet I was I love that you challenged me to a cage match acting like a twelve-year-old no excuse me I will say I will say that in a moment I have the mic you have a question on any economic issues anything that's like go for it we're not here to talk about physical abuse you brought when I'm talking about of course let me just let me show you his hearing because I want to I want to expose this thug to who he is you don't point to me that's disrespectful all right I don't care I don't respect you at all hold it please all right this is a excuse me mm-hmm this is a hearing to discuss economic issues all right if you have questions for mr. O'Brien or anybody else on what he has said go for it I mean we're not here to talk about fights or anything else I'm quoting exactly what he said and say what you want this is this is your this is your witness I'm exposing him you can have all kind of you want so I know in 2013 O'Brien was suspended by the Teamsters for intimidating your own members in 2014 you were part of what it would you say organizing the harassment intimidation of the top-shelf crew chef okay and then and I think in the reports it says sexual racist and homophobic slurs and death threats 14 tires for a slide and five teamsters were arrested and you said well I had nothing to do with it but however and that same statement he said but if I get called to testify I'll plead the fifth this is this is a witness you brought in here and 2017 you removed his lead negotiator for UPS for your actions and then in 22 when this guy was elected what he said after he got elected was he wanted to bring a mob mentality back to the Teamsters this is your guy and you're obviously going to give them the chance to respond to your questions absolutely because this is my question because you called me out I didn't call you out he said any time any place that's not let's get the record straight just hold it no okay let's hear it so any time any place no April April is a charity event no that's not that's not no it's no we're he said it and this is what the questions can or cannot be asked now no you're not going to we're not going to be talking about physical confrontation oh this is about charity for a union charity because it's a firefighters do you have a question April April up next week on his let's not be said it you're back embarrassment and I'm just simply answering it you don't know hold it hold it I don't know Mullen you made some charges charges mr. Bynum do you want to respond yeah go ahead please yeah I mean look the reality of it is that my channel is the Mullen tough guy answer hold it answer the questions all right you don't want if I he made a lot of statements right and his statements of fiction at best section I read them what answer the question ridiculous he rambles so much what was your question actually what's your question I don't understand the question could you repeat it you said any time any place what's your question except the challenge what challenge you said any time any place I'm accepting yours so once you what challenge what challenge you talk April 30th how about we do it for charity at the smoking guns in Tulsa Oklahoma physical confrontations you want to fight me what do you say by any time any place let's have coffee discuss our differences oh yeah that's right exactly all right well I don't know one you're a one birdies is losing his stuff man people in this country making changes I mean like and you know I can't speak for all unions all unions are not created equally and I'm not shooting any not shooting any shade on any any unions out there but when it gets to the top shelf this is where I think the members of the unions have actually a big problem going you guys aren't doing us any favors you're doing the same thing that they're doing at the top all you top shelfers and shotcallers to a degree cause more problems for us the ones holding up and that are the foundation of this thing you're making it worse for us in in so many different degrees when when you're about this membership or you're about the people to be about the people be about the membership because you're saying you serve as in that we are your or you are our servant person yeah I'll leave that alone yeah well I'll say when I thought I was like you're you're kidding me okay so first of all I mean mr. Mullins I think not very professional shouldn't have been doing that no no but what surprised me though was O'Brien's behavior and the fact that he was allowed to be sassy like that like in other hearings that I've seen like I just I didn't think that they were I mean they're supposed to be respecting right of definitely not no yeah well and here's the other thing and I don't remember off the top of my head hopefully I'll remember and I'll put it in the in the show notes but I was listening to somebody the other day talking about about the unions and different work stoppages that happened remember when we had the shipping container issue and things were out you know for so long and and there's all this kind of stuff going on and then the workers like workers that went on strike not like recently whatever they were saying that they were told to go on strike like from higher up they were told to go on strike kind of as a cover up for other issues that were going on in it and actually I think what it was I was listening to you is black swan Catholic had Jim Willie on I'm gonna post that no Jim Willie oh my god fireman but he's I don't I don't know what term term to use to use for him but but like you know it's like first off he's had it first off he's had it you know he's been he's been put through the ringer you know he sees it and you know he calls it out like like it is but the way his mind works sometimes man oh man it's just like you gotta love him yelling he just starts yelling when I don't start yelling it's like god I really wish you had a lawn that I could just walk across just one time you know just to be like sorry mr. Willie I would get wondering how would would how would my face be when he starts going off like because well you know it was for fun and his brother they were interviewing him and there's there's such sweeties you know and so but they're in their faces were they they handled it so well they do they've interviewed him several times and I'm thinking how would Christy and I do with Jim Willie like but anyway he was saying that that they didn't there was a problem with them not wanting to take the the US notes anymore right for for for commerce for the for that right so in order to cover that up with them not wanting to take that that is why they told them to go on strike that's according to Jim well I'm pretty sure it was Jim Willie that said that and yeah there's a there's a there's a very okay I have not I don't have any like written proof or etc but when you're when you're in a room and you're looking for the connections and think and the actions that are done yeah and some of the the hardcore mentality it really plays into bannerism and to a degree in all you elaborate on bannerism Oh bannerism Oh Yankees fan Red Sox fan bannerism oh right okay you know you yeah well you know a tribalism but I'm not trying to play but but I don't like I'm not with the tribalism because you know that means totally something different to me man bannerism like you know this is the flag I fly first day right you know I'm a I'm a Cubs fan I'm a Bears fan I am I am a Mariners fan and a Seahawks fan but at the end of day it's just a game and I got other things to do with my life but but but if you watch like a good example is like football football fans are can be very intense you know that's but you know and some have a hard time letting go of a loss or a bad play like it's talked about the whole time right and but what that does is it digs you deep within the trenches of that banner right so apply that to any type of organization here's a classic one and I'm not dogging on Apple or iPhone users you get some hardcore iPhone users man I mean it doesn't matter if Apple messed up on some stuff they're still like yeah they messed up hey but you know I'll never go Android or whatever right you just have those hardcore people and it doesn't matter what area or industry it's in and when you can get like that now you got emotion high emotions a a blind I'm gonna say blinders I'm not saying they're blinders but you're just you're just focused on one thing and one thing only you know and you go with the herd and the shot callers will tell the herd where to go and if they don't they will get blacklisted at some level and it won't be the shot callers that will take care of it it'll be the herd that takes care of its own can they literally mean that we take care of our own on the good side and the bad side and that's kind of just how it is all together think country to country right you know if we have a criminal over in another country hey we're sorry we're gonna take care of this we're gonna take care of them we're gonna take care of her they literally mean that so you know when you see this type of behavior that we just saw you know we got rusty in here when you see that type of behavior I mean Bernie's losing it it quiet quiet like nobody respects Bernie in the room at that point right there just like dude and and I do got to say like no this is your witness and this is this is a calling out bannerism Democrat Republican right we got beef just because we're I'm red and you're blue there's the beef I'm Union I'm not in you there's the beef right beef it's what's for dinner and you've got to get past that man gotta get gotta get past that because it gets to this whole control thing you know it gets to this bigger bigger control thing and I'm kind of losing my train of thought here so let me bring it back back around to where bannerism is in trouble you saw or rather we saw some of y'all heard the Teamsters Union rep you know and he's saying you're an embarrassment you're this you can see his fellow members in the back laughing it's like yeah see that right there that's on some emotional stuff are you here to fix a problem or call me out on a problem let's deal with it put me in jail or find me up the wazoo cool but like he's going in there because he has to he doesn't respect anybody in there and he was asked by Bernie to be there yeah you know like so so there's the connection you know there there's there's the connection you know you could on the other side of that with Republicans I'm sure there's a connection within the when the within the Republican Party there's a common denominator with Democrats it seems to be a lot of a lot of Union folk vote with the blue why because if their people the Democrats are not in the seats of power then we lose the work and we don't eat and that's where that's the play that gets played yeah that is the play like your way of life will seem to exist and it's like you guys got to quit doing that you know why don't we offer a better deal and actually if we have the better work then that's where we should be going if someone's trying to not pay us for the better work cool send them down the road we'll clean up the mess later I'm sorry I'm going on like this weird you know but I mean it was totally like that it was the total construction beef in that whole thing I'm like oh my god it's like a job site where's the porta potty yet was and you know it I always say we have more in common than they want us to believe right oh and we're gosh I want I listen to so much stuff all day long different different things and people touching on different subjects but they all are tied together and I mean I I'm going to put several links in the in the show description of all the stuff that I that I think is interesting that I that I watched I watched one of the fellas interviewed this guy that was a he was a plumber also a plumber which I asked which okay Coinkydink probably is whatever that this guy is getting you know some some recognition now and and being interviewed by a podcast platform that that's kind of really popular but he was talking about his his experiences as a plumber on Antarctica in Antarctica okay and so I I posted it and I posted it on the socials like at you yeah everybody's got to see this this interview with this guy because he was saying that you know what I've always suspected is you know we have this technology we've always had it for a very long time and we don't learn about it until years and years and years down the road but he was saying that you know they most certainly are working on directed energy weaponry the this other technology that the newer stuff is coming out where it like uses your bones or something to to do the the predictive programming right how we get we're getting predictive programming or brainwash however you want to call it through television and music and in you know the visuals and all of that but the the technology is getting to the point where they could just put things in your mind I can't remember what he called it like oh yeah geez I like a combination type deal yes it's one of those dimension type things but you know they said that you know we all have the ability the capability of doing that but and people can be manipulated and they're easily manipulated through movies and you know things like that but in any event I'm just saying we all have so much more in common than they want us to believe and oftentimes people will get on one little part of something an exchange that happened and all they do is root for that particular person they lay blind to everything else so you know because they don't like you know say say it's a Republican doesn't like the Union for example right they would just say like you know that's a Union boss and in of he's the wrong one or they don't like the Republican and he's the he's the one that bullied it basically they were both unprofessional and I feel like this was kind of an orchestrated exchange but I think they knew this was going to happen you know in in the way that they behaved and and it's a distraction right I mean like we're talking about it but I thought it was funny so I I had to but I just see this happening all over in every hearing this I read something today too where McCarthy bumped into some other senator in the in the hallway that had voted it we wanted to vote him out and and it was like a kidney a kidney knock a kidney punch or something and he said oh he just bumped him on accident and then that's supposedly why you know everybody's so heated that they you know let him go for Thanksgiving you'll enjoy your Thanksgiving type thing I'm like come on man it's they're just trying to confuse everyone so I just I get I get frustrated as anyone else want to come up and and have anything they'd like to add to the discussion here I did see I saw are you familiar with Kathy would yes yes I don't want I don't want your stuff but she's awesome I don't either I mean well I you know she's she's a true OG she's so smart and she's patient right but she was talking about the the the ETF approval coming up and she believes that the odds have gone up in you know in their favor but she had a chat with someone and I can't remember whether it was I don't know she's with ARK investments anyway I have a I have a clip on that I was trying to think of something to keep us kind of where we where we were do you have anything to add to the to the the shit show that we're okay well yes I mean that's that's like in-house stuff and I mean like let's let's go a step further what actually happens at hearings you're here at this hearing to discuss something you know for discovery it's like well it's a way that it's good for just the small just the big people right people in positions of power and not for you because you know because of a viewpoint you know the that's that's a that's ongoing that's the fight and I think to your point you're saying is a distraction I think it is a distraction because this is this is literally a whole bunch of people sitting around and I don't mean like they're sitting per se but it's just they're arguing over rules what can be done no you can't yes you can it just took the time there's already only a certain amount of limit of time that they get to ask their questions and answer it so that big old chunk of time was taken out of that taken out of that hearing for you know so okay we think it's funny and everything and I do and I'm guilty because I brought it up but you know in in the grand scheme of things when you when you see that they're supposed to be passing bills and in protecting the public and getting information and they got this kind of shenanigans going on it gets to be really frustrating to me something else that happened today that I kind of pulled some stuff up on it but the that Digital Equity Act of 2021 that they said Biden signed it into law where's my I had a couple of notes here so and I was I was asking it because I was trying to figure out because people were saying that Biden did like the most overreaching law like signed into law the most overreaching minute in regards to the Internet and did you did you hear anything about that because I I mean I just like recently heard about it I wasn't super aware of what it was but apparently within this bill that was recently signed the the part about the Internet was kind of like baked in so again you've got these things that have thousands of pages with separate different dealings you know that are better baked within and the public doesn't know and then when when they do have something where they're talking about it we get shit like what we just saw what we just talked about right where they're not even doing anything but in any event what was signed into law today and and I will try to link the stuff in the description box the Infrastructure Investment and Job Act it was signed into law by President Joe Biden today it includes 65 billion for improving Americans access to the Internet the legislation extends a federal discount on broadband service for low-income families and provides grants to states to pay for Internet upgrades and then the restrict Act which is a bill introduced by Senator Josh how Holly Holly would prohibit federal agencies from using taxpayer funds to pressure or coerce tech platforms to censor or moderate moderate content and this bill has been referred to the Senate Committee on Commerce Science and Transportation and then there was another bill introduced no funds for Iranian terrorism act which was introduced by representative Mike Gallagher that would prohibit the use of funds to provide Internet access or equipment to Iran or any entity owned or patrolled by Iran the bill has been referred to the House Committee on Foreign Affairs okay so and then what else did I have I had like that was answer one of my questions I wish I wish I was trying to figure out they said that the digits the there's a senator car that is opposing this he was opposing this plan the digital equity plan that President Biden asked the FCC to adopt and and he calls it a sweeping unprecedented and unlawful power grab that would give the federal government effective control of all Internet services and infrastructure in the country and then he also opposes the plan to reass reinstate the net neutrality rules which he argues would result in government control of the Internet these are all things that I like I asked questions to figure out like well okay so since if Biden signed this which something that we didn't even really know about this digital equity act of 21 2021 that included that infrastructure investment and Jobs Act which is HR 3684 that that he signed into law today like our is that just the end of it and what the answer was is that if the FCC so so I asked the question if Joe Biden signed that into law is the FCC then required to implement the digital equity act as part of the infrastructure and investment and Jobs Act that Biden signed today and the answer said the FCC has some discretion in how it interprets and applies the law and it may face legal challenges from opponents of the act according to the FCC fact sheet the agency will initiate a notice of inquiry to seek public comment on various issues related to the prevention and elimination of digital discrimination and they the FCC will also consider the recommendations of the newly established digital equity Advisory Committee which that's the committee that's going to advise the agency on the digital equity policies and programs and then the FCC Commissioner Brendan Carr who opposes that act and has argued that that the acts unconstitutional and it exceeds the FCC's statutory authority and then he warned that the act would lead to government micromanagement and control but they said that it's possible that Carr or other parties may sue the FCC to block or overturn the acts implementation so I'm not I'm not exactly sure that it like it that it's a done deal so it's like every time we think that something is something's happening and then we don't hear any more about it after the fact right like you you hear here you you know I made the most you know craziest thing for the internet and everything and it was baked into this but nobody really told told the details and then he signed it but now it could be put back in the FCC where they can say we want public comment comment time before we implement it and then it's possible that they can overturn it I don't know if anybody else is paying attention to that kind of stuff or giving that any of their attention but I think it's something that's pretty important that that we should kind of look it's complicated they have to make everything freaking complicated well if it wasn't complicated then it would be long there you go and we'd be in the CCP it'd be that quick four years it's over emergency powers nope get all the military on my side not that hard you don't like it you're out boom that's I mean that's that thing it has to be complicated there has to be these checks and balances so it goes so it goes back back and forth and you know the the bigger part yet an overreach that's an understatement and overreach would be like oh I assaulted him well he's barely alive oh yeah I mean he's alive though he's breathing so it's not death so it's just assault you know I mean nobody right so you know Biden signed this signing an executive order or signing into law it's like well okay so Congress came all up with this and said yes this needs to happen right but but if they're saying it to the tune of oh it's just Iran it's like well then this it should be one page of Iran side note if you're going to introduce a bill and you say it's blah blah blah blah blah it should literally be that is that alone no extra bullshit and the fucking meat and potatoes in there excuse my language but no it should not be that at all but it is 100% oh I want to have this I want to have this no dude we're talking about cheeseburgers we talk about chicken chicken burgers we ain't talking about pork burgers we're just cheese better that's what we're talking about right like like that honestly that that's the complicated stuff that's gotta go that's gotta go because this is how they bake the cake they slide all that crap in there that we don't want and we don't need you know the FCC has its own position and it sends its own power of authority to go no no this is not your jurisdiction you have no authority over over us and that's why there's multiple different departments because even though the depart the departments kind of have to go within the line of the Constitution I mean they do right yeah order but not one department is over another unless that power has been given to that department express expressly written into law via the Congress right because they're the ones that hand out the laws and the power even like the executive orders that that have happened for years and years and years no it's an executive order an order I order you to do this it's not law you're just ordering me around telling me what I should do you have to do what you want me to do but it's not law you know the thing is to Simon is the fact that they're they're putting this kind of stuff in it in you know in much larger bill to where yeah we're both people don't even know right no and and here he signed it today right and it's my understanding that it was signed today and you have the the FCC Commissioner is is this Brendan Carr and he's making us think about it and I mean this this article I have pulled up was from a week ago and I guess he said saying some stuff today but it's like a week is not enough for a good time to let the people know that this is happening so I'm just going to read this this little short thing if you don't wait a minute I'd like before you play that I want to make a clear distinction yeah when you say people what people what do you mean what what how did I exactly people what was I saying when I said well it sounds like you're implying you know we the people like you know everybody around in this whole great nation like you know the 350 million of us that's in this country is that the people you're giving reference to I'm talking about the people that are going to be impacted by this power grab those people I guess it goes exactly so like this is the distinction though that we have to think about when they say the people you have to ask yourself what people are they giving reference to because typically it's not us remember we all voted for two or three or four people to represent the masses you know to to be our boy our voice and pretend to be us right right the if that's what that means yeah that's why I just we don't hear anything because the people that we elected to be us hey you can go be me yeah well I mean you know yeah yeah exactly right so so again like that's that's what we're saying to you I give you permission to pretend to be me and make decisions for my life that you have no idea what the hell I do in it by the way anyway right okay but you're also right imagine imagine this to your point they're not telling the people they don't have to they don't have to tell the the natural man the natural the natural person right yeah they don't have to tell us because we elected to have representatives but we want them to imagine if they had to do that now government would move very slow yeah however things would be done if we had to vote on every thing rule amendments everything that was going on dude we there still be horse poo in the middle I'm not saying that I think that we should have to have a no no I'm saying we should I'm saying we should I'm for that I think all 350 million of us should have to vote on one thing to go hey this is good in my area this is not good in my area as opposed to having it's something that is important as the the main infrastructure that's going to rule everything I mean we're in the digital asset space right the Internet of value and everything that goes with it control the road and and this is another thing that's frustrating when I think about this is that you know obviously the majority of the people don't even they're not even aware of what is happening like we we're trying to help you know enlighten people of the of the tremendous wealth transfer that's about ready to happen and how all this all this stuff is moving and trying to inspire people to to look into it for themselves and give it some attention and and and get into it while they can right now they're not it's not even on their radar when it comes to stuff like this and here we are paying attention giving it attention I can't stand it when I say paying when we're giving no we're paying well I don't I'm not paying anymore I'm given my attention to the things that I want to give it to you and that I feel is it is improving me in some way and the fact that that's my hope you know but I just think that if we're I lost my train of thought dang it I just had a universal thing happening to me right now I got my buddy Jay crypt it's he texted me we got some things going on with but he just said he just said oh he might be on right now that's probably him uh he just said supposedly big ISO 2022 update on the on the 19th go XRP then whoever JR B is in the chat right now says ISO 4217 and 222 that's 2 0 0 2 2 is live on the 19th well I so sorry I know I'm gonna go back to that because I want to finish this because I was doing some research on that also because they keep pushing back the the go live date where everyone has to be ISO 2022 compliance right and it was pushed to November but then as I was researching it for the show today because that was one of the things I wanted to talk about I got a little confused because it seems as though some of the banks have pushed back their implementation deadline to a little farther out to accommodate some of the banks and stuff that are coming online with it now I I haven't had enough time to research because I was kind of surprised by that because everybody has been saying just what your friends have said that it was that has come which it's a big deal whether it comes this month or it comes three months from now it's a huge deal and and the wheels are in motion for that but I just wanted to read this so I can just get like yeah do it do it so so the thing that was signed today that was in that was in the bill this this Federal Communications Commissioner Brendan Carr he called it the digital equity plan for all internet service and infrastructure and unlawful power grab and said that Biden's plan hands the administrative state effective control over all internet services and infrastructure in the country never before in the country like in our whole country they would be control never before in the roughly 40 year history of public internet has the FTC or any federal agency for that matter claim this degree of control over it indeed Biden's plan calls for the FTC to have to apply a far-reaching set of government controls that the agency has not applied to any technology in the modern era including title to common carriers and then Carr said that in a statement Monday like last Monday and then Carr previewed an important FCC vote next week November 15th which was today about whether to implement the president's plan which they said yes Congress never contemplated the sweeping regulatory regime that President Biden asked the FTC to adopt let alone authorize the agency to implement it which means okay so Congress never contemplated the sweeping regulatory regime that President Biden asked the FTC to adopt let alone authorize the agency to implement it so he went and signed something in there they didn't even do their job we didn't know about it right they didn't do their job to really get clarity on it and now it's supposed to just happen so and then Carr explained that the Biden administration's broadband policies are and the cost of building internet infrastructure in this country have skyrocketed due to his economic policies which gets in a policy our politics while the FCC has been looking to expand new 5g services that needlessly blocked and delayed new broadband infrastructure bills because of regulatory red tape so they're holding back that kind of stuff the Commissioner said President Joe Biden has chosen to blame the private sector and free market capitalism itself for the administration's own policy shortfalls and is pushing the SEC to adopt a one-page section of the 2021 infrastructure investment and jobs act infrastructure act which has new rules of breathtaking scope all in the name of digitally a digital equity so all I guess we can't cover it all in this show I don't know everything I just know alarm bells going off this is something that we should be giving our attention to and so when I think of why do we got senators wanting to challenge a head of Union a fistfight in Congress that's why because this shit is what's happening in the background while we're while we're laughing and I just contributed to that laughing because I brought it to us so that's it my job I'm done ten days of darkness let's move on huh ten days of darkness yeah what do you think the ten days of darkness gonna be you just read us the ten days of darkness didn't you see could do you think I don't power grab control we have to see it all type stuff I mean I don't know that's some you know that's some coincidence theorist type stuff but you know it's like you get the play yeah oh you get the word touchdown but you have to go through all these motions to get there to the goal line to make the touchdown so like is it over is it really over but you're absolutely right distraction distraction distraction distraction and then we do this yeah I got about 14 minutes 14 minutes quickly what what else do you think your your friends have regarding that ISO did they read well well I I mean that really ties into well okay first off let's let's let's go let's go a little deeper here okay you said that you know there's not a lot of I mean there's banks that have pushed back yes because the machine is running does not mean everybody is plugged in okay oh no I know that yeah right so but but for it to go but for it to go live is is a good thing per se for that system does and is that mean or does rather does that mean that XRP XLM etc etc will go up in price does that mean they will be instantly used by the masses of banks at that moment mmm probably not I mean just saying it's going live here we go they've already I am very much on board with the notion that they have already tested retested etc there is documents out there stating protocols on what the bank must do if you get this code that code this and so on and so forth yes I have really wish I can say more on that but that was given to me in some confidence so with respect to the to my word to them I that's all I can kind of give you on that but it's it's there the documents are out there so for these banks to be ISO you know compliant to conduct business in their messaging systems and that might take a little time it's definitely going to take time for that infrastructure to roll downhill to the the small bank level or they'll just be left out well and I mean I've I've been I've been following that that stuff too and the it they let them I was watching like boring bank bank one like bank conferences and summits and and all these things and they're they're kind of bringing them on like they had to get themselves ready right to a certain point so anytime if you have an implementation of something you have to prepare your staff and all kinds of stuff has to has to fall into place and so they had those deadlines that they wanted them to meet in order to get to the next step to the next step to when when they could turn it on and boom everybody's you know everybody's using it and I think that's where some of this stuff where they say like the ten days of darkness or you're seeing some banks having issues where their deposits were messed up or whatever but that's me that's more on that oh yeah I got more on that real quick okay so I had a crypto client yeah I had a crypto client that was on the phone with this individual told me that they were in a bank right and the person in front of them was losing their cookie not losing their cookie doesn't you know some projectile but they're they're losing their their screws are starting to come loose because they were missing money out of their account and the bank wasn't going to do anything about it so that person gets taken aside you know like whoa we can't have anybody melt down the bank oh my gosh we'll have a we'll have a code 10 code 10 so the the teller had informed my client that if the check your bank account every day if you don't let us know within 72 hours of something's missing or this and that we're not going to do anything you're going to need to get a lawyer and have that lawyer go to corporate remember remember when I did the FDIC presentation in weekly zoomers I just came across it the other day I think I'm going to revamp it and post it because it's really important for people to understand because I this is bringing me back when you said if they don't let you know in 72 hours if they don't let them know in 72 hours maybe there's nothing that could be done with it all right whatever and and when I was doing the FDIC I was talking about bank bail-ins instead of the bailouts and I had come across that one video of the bankers laughing and they do it on a Sunday and all this kind of stuff and so I'm like I'm thinking to myself if you don't know like what you just said if you don't know that you need to follow a certain procedure and you're just an average person and money is missing from your account but you didn't know that if they didn't know that and it's it is in their terms of service right and so when I back when I did that presentation remember the banks were in the process of updating their terms or you know like when you sign up they were they were updating all of those things and when I was like reading different ones and I was like yeah in the event that of a bank failure if you as a as a depositor depositor if you don't follow the instructions and tell them and to get yourself in the in the list on the list of the people that get paid you might get screwed right oh you're most definitely gonna get screwed yeah and so I can't I mean I can't because I don't know I can't remember all of that stuff I wish that I had one of those downloadable brains where I could remember every single thing oh you mean like a neo yeah maybe I'll be I love the neo I love the event I mean it's um that is that is why there's just there there really is so much stuff going on and November is is half over we're halfway we're halfway and what what's gonna happen okay I'll never sing again wow that's a lie I'll try sorry what Simon if you ever do you ever do you ever sing you ever try no I'm us DJs don't sing man we might flow and rap a little bit but we just keep the beats going so yeah that's why I DJ I can dance but I can't sing can't sing you get on the ones and twos and throw down the sick beat you know let's let's I just you just mentioned the the bail-ins it's always done on a weekend it's always done on a Sunday let's just go to our calendar and look at what day is November 19th since that's when the system is going to come online and that would be a holy sweet Mary it's a 19th it's a Sunday Sunday Sunday Sunday all I would say is right now anybody that's watching this this is what I told my girlfriend I talked to her I hadn't talked to her in a while and and I try like not to get too conspiratorial or too well there on or whatever but what I said was there's so much stuff going on right now and there is big stuff happening with the bank whether it's something that's going to happen like a major collapse or whatever or it's just a hiccup because we're transitioning from one system to another right there's going to be problems that happen it would be behoove you to get money out cash out of your bank don't have all your money sitting in the same one bank in particularly while we while we know that these things are being implemented maybe have some cash on hand definitely have your car on full right top her off and you know try to have the your necessities and things like that because we don't know what's going to happen and this is not to be like fear-mongering it's all it is man yeah I mean I used to live in a place where when you got snowed in you got really snowed in and so it was hey if you're getting snowed in I remember going to Kroger's the closest store there was the night before or the night of the eve of a snowstorm and all the freaking water and all the stuff just shows completely bare right that's real that's not like being fear-monger that's being real realistic that if you're not prepared and you know your electricity goes out and it's wintertime and you have chopped the wood and brought it into the garage or your or the tent outside or something lesson for me Simon because I wasn't used to living somewhere and when we had we had a well and you know power goes out and no water you know and so I don't know I mean these are things that I think a lot of people don't think about because they're living living on the edge of whatever well something you know some people have never gone anything gone through anything like that I mean you know you went even with COVID I've with the circles that I was already in there was already red flags being raised there I was like you know what it doesn't hurt me to go out and go get extra flour extra rice or extra sugar and hey we could be we could be locked down or I may I may not be able to leave like that was a thing like well if one of us gets sick and we're and it's like really kind of at one of those types of events right then I'm better make dang sure that I don't need anything to go outside you know so I did that and something else that that I did that I would like to add on to your your suggestions there you know did have some cash had some silver right you know just just there just to go you know what I'm I'm willing to spend these if I have to if anybody will take it right but that was like the third finance or the third negotiable instrument that I was going to use for for trade or to get the things I wanted I bought I bought cryptos with the intent to exchange us because I could do it with a QR code I could I could show people how to do that on their phone like oh do you do you have the cash app well yeah okay cool do this Bitcoin thing real quick and I'll send you this song for the thing you know and you know it's not bad get get some things and dude there's nothing wrong with being ahead like I tell some other some other people on their budgets nobody ever said you couldn't pay your bills early same thing nobody ever said you couldn't get extra cash and keep it under the mattress or whatever nobody said that you couldn't go get extra supplies whatever it may be even if it's you got extra ice cream you know because you're like dude if I gotta sit here that's one of my comfort foods nope I'm alone up on that a little bit make my mental state of mind okay in the darkness yeah that's all I got two minutes what else do you gotta say before I got nothing really except for Rosemary you're a rock star we love you yeah Rosemary thank you so much for being with us and learn the three people that are watching on YouTube last dream yeah J.R.B. I think that's my brother from another mother oh yeah thank you thank you so much for that it it really helps and if you would share this out please like share and subscribe and it you know if you just if we could get people to give the likes and the in the thumbs up and then in like sharing this on their social media I think it will really help us we're slowly but surely growing and so you guys are all part of this and you're on the ground floor with VEDA broadcasts and beyond the brink and got dip a toe
There are no comments yet.
Be the first! Share your thoughts.
