Episode #25 A Key to the Mormon Counter Culture W/Ben Shaffer

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Okay, so on the show today, I
want to start out with a thought

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experiment, wherever you are.
I want you to get comfortable

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and close your eyes, unless
you're driving.

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But everyone else, get
comfortable and close your eyes.

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Everyone comfy good.
Now, when I say the word

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counterculture, what comes to
mind.

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Now if you're like me, it's
dirty hippie sitting in the park

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and the Haight-Ashbury District
of San Francisco, the smell of

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weed, wafting through the air as
Grateful Dead.

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It brings out and the lead
hippie talks about reaching a

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higher ethereal plane, man.
Well, we're not going to talk

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about that today, but we are
going to talk about the term

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counterculture because I think
we as fundamentalists and

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traditional Mormons, we better
start taking that that term a

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little more, seriously.
Let me get this plane.

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You what?
The dictionary classifies, as a

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counterculture quote, a way of
life, and a set of attitudes

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opposed to, or at variance It's
with the prevailing social Norm.

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So if you read that you're like
me, you're probably thinking.

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Wow.
Maybe we as traditional and

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fundamentalist Mormons are a
counterculture.

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Well, before you get freaked
out, let me tell you, the good

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news, we aren't the first and we
might actually be in really good

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company accepting, of course,
the the drug culture of the 60s,

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if you take a look at first
century Christians, the founding

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fathers of the United States and
even 19th century Mormons.

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These are all example of Culture
somewhere along the line, a lot

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of Mormons decided they just
wanted to be like everyone else

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today.
However, we're in a place that

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is Mormons.
We need to re Embrace this idea

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of being and actually start
taking actions to strengthen a

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gospel Center Counter Culture.
But to do that, we'll need some

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tools today.
I have on the podcast Ben Shafer

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to have a conversation about an
alternative currency that might

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be an important tool to help us
reach that goal.

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It can help strengthen not only
each other but also Local Supply

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chains and small Independent
Business and who knows.

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It may even help us establish
the counterculture of Zion.

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And that's next on this episode
of the Mormon Renegade podcast.

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So, I just want to take a moment
to thank you.

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The Listener, when I started
this podcast I wasn't sure if

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anyone would really listen.
Now to my surprise, this thing

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has taken on a life of its own
and that's all due to you the

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listener, spending your time
here with me, and it means a

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great deal to me now, as a
husband and father, I'm keenly

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aware of how important time is.
It feels like there's just never

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enough of it.
So when you are spending your

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time here, listening to this
podcast, I feel a responsibility

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to never waste your time in that
Spirit as this podcast has

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grown.
I feel like I need to do you the

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listener.
Justice, I want to continue to

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produce good content and upgrade
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better equipment and better
software and that all takes

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money.
Now, I've tried to advertise,

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but you'd be surprised.
There's not a lot of people want

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to advertise on a Mormon
fundamentalist podcast.

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I know surprising right now if
you want to help support the

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podcast, you can do that.
One of two ways.

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The first is go over to Mormon
Renegade.com and hit the Donate

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tab there.
You can make a one-time donation

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or you can go ahead.
Ed and set it up to be a monthly

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recurring, donation your choice
entirely now.

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Option number two, because I'm a
capitalist.

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If you want to head on over to
Mormon Renegade.com, click on

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the store button.
You're going to find that.

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We've got some new swag out, we
got some T-shirts, we have a

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tote, we have cell phone cases,
water bottles, coffee cups.

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We got a bunch of stuff in more
is going to be on the way.

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So if you feel like, that's
something you could do again,

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head on over to Mormon Renegade
and check all that stuff out.

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If you're not in that position
to do.

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So I completely understand.
We're all squeezed right now

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with high gas prices and high
inflation.

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So even if you can't please keep
listening and maybe keep the

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podcast in your prayers, so we
can continue to grow produce.

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Good content and better audio
quality.

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Thank you.
Your listing to the Mormon

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Renegade podcast.
Welcome back to the Mormon

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Renegade podcast as always you
can get ahold of me either by

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email at Mormon Renegade at
gmail.com.

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You can also get a hold of me on
Instagram and Twitter and getter

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under the handle.
Mormon Renegade.

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Also we have a website up and
that's Mormon Renegade.com.

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So go check that out.
Okay, before we jump into the

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conversation, I just want to
start with this and make it

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abundantly.
Clear, I have no financial

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interest at all with gold backs.
I simply find this to be a

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potential tool to help us do
business with one another and at

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the same time, strengthen local
communities and Supply chains.

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So with that, here's the
conversation with Ben Shafer.

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Well, been how you been man?
You've been kind of a world

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traveler would doing your thing
here, late.

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Yeah, gold backs have really
been taken off and so I have to

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travel to different states where
things are getting launched.

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I'm very excited that the
Wyoming gold backs are coming

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out on Monday.
So, so there's the Utah ones,

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and then there's the Wyoming
ones.

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Now, are the values different on
those know, they're exactly the

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same.
The idea of the gold back is to

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have a certain set amount of
gold, right?

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So it doesn't matter if your,
you've got a, you toggle back,

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Nevada, Gold back of Wyoming,
gold.

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Back in New Hampshire gold back.
They're all interchangeable.

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You could think of it like a
different artwork sort of like

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the state quarters, right?
If you've got a Louisiana

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quarter, Or a Tennessee quarter,
it's still a quarter even if

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you're not in not in Tennessee,
right?

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So it's the same thing with the
gold backs.

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They are a local currency for
local markets but it's just

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different art.
They're all the same amount of

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gold.
They're all interchangeable.

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You know, when you first told me
that you were getting into this

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and you kind of told me that the
premise behind them.

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I thought, I just remember
thinking, okay, there's

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something important there at the
time, I didn't know what it was.

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And I have an idea now and I
could be all wrong and we're

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going to do that in a few
minutes.

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But as I just remember, you
telling me, and I just, I

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actually kind of felt the spirit
say, you know, there's there's

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something to be had here,
there's something important

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here.
And at the time, I didn't quite

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grasp it and, but as Times Gone
along, I can I can kind of see

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where maybe it could could come
into play where it could kind

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of, almost be a safe.
Safety net.

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So to speak, right?
We're recording this now on

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September 14th and just
yesterday, I mean, the market

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had a 1300 Point drop.
It was the worst drop since I

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believe in the midst of covid.
During the shutdown is what I

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was reading.
So you get the feeling that

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there's this volatility in the
market, right?

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I've had Kelsey Williams on, and
we've talked a little bit about

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gold, but we haven't really
talked about maybe some of the

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ways you can buy gold, right?
A lot of guys will say, you

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know, I buy gold as an
investment and I tend to think,

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no, it's really kind of like
fire Insurance in some way.

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It's right.
That you that's your hedge.

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Before everything, goes bad.
What I like about Gold's backs

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is that it takes it.
It takes it from fire insurance

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and then brings it down to
something that can be used in

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everyday transactions.
Is that is that right?

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Yeah, that's right.
So the gold back is a gold

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currency system.
It's a gold monetary system and

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so it isn't just an investment
in a commodity.

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If you buy gold coins, their
gold bars or something like

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that, it's a great way to save
your money.

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Gold is real money, but it's
not.

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Um, it's not very usable as
money, so if something's going

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to function as a monetary
system, it needs to be able to

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be retain its value, and that's
what gold does.

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But it also really needs to be
something.

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You can actually have that's
divisible or interchangeable so

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that you can so that you can
find the right price.

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That's what called using it as a
measure of value.

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Gold isn't always hasn't always
been a great measure of value

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because what how how much gold
is say a haircut Worth or a

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sandwich or a dozen eggs.
It's really hard to measure

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those things in Gold because the
amount of gold they would be

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worth is very very small.
You know, one gold coin in

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today's market especially with
the premiums, it's going to be

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still be around two thousand
dollars and you can if you can't

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measure anything smaller than
two thousand dollars worth it

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makes it really hard to actually
just use it and so you know,

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When I was listening to
listening to the Mormon

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Renegade, as I do and listening
to your guests Williams, who was

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on Trey Williams.
I was thinking really about the

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times that we're in, you know,
we're in some very interesting

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times.
There's a, that's my favorite.

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So, what is it?
The Irish blessing / curse is,

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may you live in interesting
times.

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I tell you, we live in
interesting times right now, and

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we've got these stock market,
crashes.

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We've got all these volatility
is going.

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Going on and so much of the
market is just completely

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divorced from reality.
It's really hard to know what

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something really worth.
You know, your house is worth

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something.
You have food that you own is

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worth something because you have
it, but the markets, the markets

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are just so erratic and with
things like War, looming on the

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horizon.
Hopefully Russia backs down and

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the Doesn't turn into a major
global conflict but, you know,

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that's that's how I hope.
That's not a guarantee with with

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the markets.
So unstable.

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Here's another one, a new one,
the the railroad workers strike.

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They're saying that today may be
the last day until that Strikers

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resolves, that grain is moved by
rail in this country until it's

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resolved.
Well, think of that resolved

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quickly, then maybe that's not
that big of a problem.

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But if our rails Let's start
shutting down, that's, that's

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over 90%.
I think I know it's a large

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proportion.
If it's not, if it's not over

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90, it's still a huge amount of
our Goods.

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In this country, moved by rail.
If you stop moving grain by rail

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food prices could really go
crazy.

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Right?
And so we've got inflation,

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we've got supply chain issues.
Yeah, it's unstable times.

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And that's really led to the
fact that I think Aller has

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become an extremely unstable,
measure of value.

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And so you just, this is why, I
guess this is why, you know, as

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Mormons we've been warned not to
trust in the arm of the flesh.

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If you're putting your trust in
your hope, that the Federal

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Reserve is going to save you,
that the IRS is going to save

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you that the system of Babylon
is going to save you.

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Then I'm sorry to let you know,
sorry to The Listener who's been

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who's been putting their trust
in those things?

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I got some bad news.
For you you got you can't trust

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in the arm of the flesh.
We've been warned again and

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again and again especially in
the last days, they'll all of

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those systems are, just not
going to be reliable, right?

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And also, I think it's important
to realize it, this point the

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dollar, it's not like the old
days when you could take a

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dollar into the bank and know
that that's tied to a gold

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standard, right?
Right.

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Now, our dollar really is built
all on faith, right?

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The second, somebody questions
that Faith, right?

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Let's say Saudi Arabia says you
know just don't think your

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dollars good for much or China
does or something like that.

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Once somebody calls the emperor
out and says you got no clothes

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everybody else is going to do it
too.

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And the bright is that we have
not only have we done It, we

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told the rest of the world.
Hey, you Peg to our dollar and

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we'll just keep the gold safe.
Well, that's not necessarily

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what we did and and now we're
playing with Fiat money.

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Been like you were saying, if
you're thinking the FED is going

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00:13:21,900 --> 00:13:25,800
to fix this good luck, I believe
it was Einstein that said those

225
00:13:25,800 --> 00:13:30,200
who create the problem.
Very, very, very seldom can fix

226
00:13:30,200 --> 00:13:36,500
the problem and we know that the
FED has been the major Of our

227
00:13:36,900 --> 00:13:43,200
wealth dwindling because of
inflation and because of, you

228
00:13:43,200 --> 00:13:46,500
know, liquidity in the market
and printing more money than we

229
00:13:46,500 --> 00:13:49,700
actually have right.
And, you know it here's another

230
00:13:49,700 --> 00:13:52,200
interesting thing, I want to say
something about inflation, a lot

231
00:13:52,200 --> 00:13:55,100
of times people instinctively
think they know what the

232
00:13:55,100 --> 00:13:57,500
statistics mean, but they get it
wrong.

233
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So for example, this year
inflation, got as high as This

234
00:14:04,100 --> 00:14:07,300
is according to official
numbers, it got over 9%.

235
00:14:08,300 --> 00:14:11,800
Now, most people would say
that's, that's really, really

236
00:14:11,800 --> 00:14:14,400
not even scratching the surface
of what the real inflation rate

237
00:14:14,400 --> 00:14:16,300
is.
But according to some of these

238
00:14:16,300 --> 00:14:18,400
Consumer Price, Index, things
like that, they're saying, you

239
00:14:18,408 --> 00:14:22,700
know, it's about double-digit.
It's just about 10% and then

240
00:14:22,700 --> 00:14:24,400
we're putting out new number
saying, guess what?

241
00:14:24,400 --> 00:14:28,500
It's only about eight.
Now, the problem is that people

242
00:14:28,500 --> 00:14:31,500
assume the wrong thing about
that instinctively, I think most

243
00:14:31,500 --> 00:14:33,000
Americans when they hear it was
nine.

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00:14:33,000 --> 00:14:36,500
Now, it's a tiff.
Oh good, it came back down.

245
00:14:36,800 --> 00:14:41,400
It went from 9 to 8.
That means that there's 1% that

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00:14:41,400 --> 00:14:43,300
we've regained of what we've
lost.

247
00:14:43,900 --> 00:14:46,800
That is not the way this works.
It's cumulative.

248
00:14:47,900 --> 00:14:51,700
If we had nine percent last
year, and eight percent this

249
00:14:51,700 --> 00:14:55,700
year, then you add those two
together and it's 17 percent

250
00:14:55,700 --> 00:14:58,900
over two years.
And if the next year after that,

251
00:14:58,900 --> 00:15:02,100
it becomes three percent that
doesn't mean that.

252
00:15:02,100 --> 00:15:03,400
Oh, things are getting back to
normal.

253
00:15:03,400 --> 00:15:07,700
It means Is now.
It's 20% over three years,

254
00:15:08,900 --> 00:15:12,300
right?
Unless you have deflation you've

255
00:15:12,300 --> 00:15:15,100
never even reached zero.
So there's no subtracting.

256
00:15:15,800 --> 00:15:18,400
It's not rolling backward unless
we're experiencing what's called

257
00:15:18,400 --> 00:15:22,700
deflation and that would be
below the zero Mark of the

258
00:15:22,700 --> 00:15:24,500
inflation rate.
And so I don't think a lot of

259
00:15:24,508 --> 00:15:27,800
people realize just how bat
inflation is because they'll say

260
00:15:27,800 --> 00:15:31,000
oh well inflation's only only
about 6% and they're assuming

261
00:15:31,000 --> 00:15:32,800
that there's some kind of gold
standard, right?

262
00:15:32,900 --> 00:15:36,300
That was that was Zero point and
that were six percent above that

263
00:15:36,300 --> 00:15:38,200
zero point.
That's not how it works.

264
00:15:38,400 --> 00:15:42,200
That is not how it works at all
every year or every month or

265
00:15:42,200 --> 00:15:46,000
every quarter where they report
a new number, it's cumulative

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00:15:46,400 --> 00:15:51,500
over the other numbers that went
before it based on whatever

267
00:15:51,500 --> 00:15:54,200
scale they're using if its
quarterly then it's

268
00:15:54,200 --> 00:15:56,000
quarter-over-quarter.
If its monthly it's month over

269
00:15:56,000 --> 00:16:00,100
month, right.
But what people don't realize it

270
00:16:00,200 --> 00:16:03,700
unless it goes into deflation,
we're not talking about it ever

271
00:16:03,700 --> 00:16:04,200
going.
Down.

272
00:16:04,200 --> 00:16:05,900
We're talking about how fast is
it.

273
00:16:05,900 --> 00:16:09,900
Accelerating How fast is it
accelerates or talking about?

274
00:16:10,700 --> 00:16:14,000
And so if you think about like
the speed of a car, if we're

275
00:16:14,000 --> 00:16:19,400
accelerating at 9% and then we
start accelerating at 8%.

276
00:16:19,900 --> 00:16:23,800
It's not like we went from 65
back down to 62 know, we went

277
00:16:23,800 --> 00:16:29,500
from 65 to 75 and then we're
from 75 to like 83 we're still

278
00:16:29,500 --> 00:16:31,800
speeding up.
We're still going faster and

279
00:16:31,800 --> 00:16:36,000
faster into those problems.
We just might maybe we won't be

280
00:16:36,000 --> 00:16:38,500
accelerating quite as As fast as
her before, it doesn't fix the

281
00:16:38,500 --> 00:16:40,900
problem.
And the problem, of course, like

282
00:16:40,900 --> 00:16:43,400
you mentioned earlier.
What's the fiat currency?

283
00:16:43,800 --> 00:16:45,900
A fiat currency, right?
Is something with nothing to

284
00:16:45,908 --> 00:16:49,200
back it up, just an order or a
Fiat, which you're literally

285
00:16:49,200 --> 00:16:53,900
just means an edict or decree
somebody.

286
00:16:54,400 --> 00:16:56,800
In this case, the Federal
Reserve board said, these pieces

287
00:16:56,800 --> 00:16:59,600
of paper are now money.
You should treat them as though

288
00:16:59,600 --> 00:17:04,700
they're valuable and we obeyed
that order and said, okay we

289
00:17:04,700 --> 00:17:08,700
will now play along with this.
Of rules with this game, we're

290
00:17:08,700 --> 00:17:10,800
going to pretend that these
pieces of paper.

291
00:17:10,800 --> 00:17:15,400
Now represent value, but that
doesn't mean that it's

292
00:17:15,400 --> 00:17:16,400
objectively.
True.

293
00:17:16,400 --> 00:17:21,000
It's just, it's just a kind of a
system that we're all playing

294
00:17:21,000 --> 00:17:22,599
along with.
But the moment someone says, I'm

295
00:17:22,599 --> 00:17:26,900
not playing your game anymore,
I'm doing something else, then

296
00:17:26,900 --> 00:17:29,800
it isn't worth anything because
it's only worth it if you're

297
00:17:29,800 --> 00:17:33,200
subscribing to it, essentially,
if you're choosing to use it,

298
00:17:34,800 --> 00:17:39,300
hilarious that they ridicule.
Cool people of religion and

299
00:17:39,300 --> 00:17:43,400
spirituality as silly because
they just put their faith into

300
00:17:43,400 --> 00:17:44,800
something.
They can't see.

301
00:17:45,200 --> 00:17:50,900
And these are the same people to
say, oh no, our dollar, we're

302
00:17:50,900 --> 00:17:53,400
totally good for it.
Don't sweat it, right?

303
00:17:53,400 --> 00:17:57,500
The other thing I want to touch
on inflation tube in is that a

304
00:17:57,500 --> 00:17:59,900
lot of times when those numbers
come down?

305
00:17:59,900 --> 00:18:03,500
Not only do they fail to tell
you that, hey, this is on top of

306
00:18:03,508 --> 00:18:06,800
what you already had, but they
play with the numbers.

307
00:18:07,000 --> 00:18:10,100
Right?
So how sure they'll like takeout

308
00:18:10,100 --> 00:18:11,600
food.
Sometimes, they'll be like,

309
00:18:11,600 --> 00:18:15,600
well, that's an outlier.
Well, last time I checked eating

310
00:18:15,600 --> 00:18:19,300
isn't necessarily an outlier
activity, right?

311
00:18:19,300 --> 00:18:22,700
That's all right. - we all have
to do that.

312
00:18:22,700 --> 00:18:28,600
And so those numbers are, as you
said, first off, they don't tell

313
00:18:28,600 --> 00:18:31,400
you what they really mean.
And then to, we're not even

314
00:18:31,400 --> 00:18:35,200
getting the real numbers.
Right, right?

315
00:18:35,200 --> 00:18:38,700
Because anything that's really
been the place that hurts the

316
00:18:38,700 --> 00:18:42,100
most.
The most acute crisis in an

317
00:18:42,100 --> 00:18:44,100
inflation is going to be the
thing.

318
00:18:44,100 --> 00:18:46,700
They're not going to include in
the number because it's the

319
00:18:46,700 --> 00:18:49,900
outlier, right?
So it's like, oh well,

320
00:18:49,900 --> 00:18:52,600
everything's fine.
Except the people who are dying,

321
00:18:53,400 --> 00:18:55,000
but we're not going to talk
about those people because

322
00:18:55,000 --> 00:18:57,700
they're outliers.
So the exception and it's like,

323
00:18:57,800 --> 00:19:01,300
actually I think that's probably
the most important part of the

324
00:19:01,300 --> 00:19:06,200
number for most people is where
Is the pain, the greatest and

325
00:19:06,200 --> 00:19:08,600
instead of ignoring that we
should be addressing that.

326
00:19:09,500 --> 00:19:12,200
So yeah, you're right, there's
there's a bunch of funny things

327
00:19:12,200 --> 00:19:14,900
about it and of course so we're
not even necessarily getting the

328
00:19:14,900 --> 00:19:17,700
real numbers.
So what can you do in that

329
00:19:17,700 --> 00:19:20,100
environment?
If you don't know what's real?

330
00:19:20,200 --> 00:19:22,800
If we do get to the point where
someone starts to question the

331
00:19:22,800 --> 00:19:25,700
game and say, you know what, I
don't want to play along with

332
00:19:25,700 --> 00:19:28,300
the dollar anymore, I don't want
you to pay me in dollars, give

333
00:19:28,300 --> 00:19:31,400
me something else.
The problem is that right now,

334
00:19:31,400 --> 00:19:34,200
what else do you do?
Where is there?

335
00:19:34,200 --> 00:19:38,200
An alternative?
I'm going to, I'm going to say

336
00:19:38,200 --> 00:19:41,200
this in a Mormon way that may
upset some listeners.

337
00:19:41,700 --> 00:19:44,700
I remember a conference talk, a
general conference talk.

338
00:19:44,700 --> 00:19:45,800
I'm trying to remember who it
was.

339
00:19:45,800 --> 00:19:46,700
Who gave it?
I want to say.

340
00:19:46,700 --> 00:19:50,300
It was Oaks, but it might have
been a might have been Holland.

341
00:19:51,000 --> 00:19:52,400
They said, where else will you
go?

342
00:19:53,800 --> 00:19:57,900
if you have a testimony, And
that's Joe Smith was a prophet.

343
00:19:57,900 --> 00:20:00,300
If you've read the book of
Mormon and you have a testimony

344
00:20:00,300 --> 00:20:04,500
of it, where else will you go?
You can't leave the LDS church,

345
00:20:04,500 --> 00:20:08,100
no matter how upset you might be
about a policy matter, how upset

346
00:20:08,100 --> 00:20:12,200
you might be about what we do.
No matter how much you might

347
00:20:12,200 --> 00:20:15,100
disagree with something, you
have nowhere else to go.

348
00:20:15,100 --> 00:20:19,700
Where else will you go?
And that, of course, made me

349
00:20:19,700 --> 00:20:22,200
really mad because I was like,
actually, you know, you're only

350
00:20:22,200 --> 00:20:28,700
one of like a hundred active LDS
Church's you know you don't have

351
00:20:28,700 --> 00:20:33,700
a monopoly.
On the truth here, made me mad

352
00:20:33,700 --> 00:20:36,000
because it was dismissive.
I guess of those of us that are

353
00:20:36,008 --> 00:20:41,200
Mormon fundamentalists But it's
the same situation we have with

354
00:20:41,200 --> 00:20:43,700
the dollar right now.
If you think, okay, I'm tired of

355
00:20:43,708 --> 00:20:47,200
being manipulated, I'm tired of
being double or triple taxed on

356
00:20:47,200 --> 00:20:51,700
the same money.
I am tired of the instability.

357
00:20:51,700 --> 00:20:55,400
I don't like the inflation.
The Federal Reserve is saying

358
00:20:55,400 --> 00:20:56,500
the same thing to everybody
right now.

359
00:20:56,500 --> 00:20:59,000
Well, where else will you go,
what else you gonna do if you

360
00:20:59,000 --> 00:21:01,400
don't accept dollars, you have
no alternative.

361
00:21:01,900 --> 00:21:05,000
So you're either going to play
our game and do it our way and

362
00:21:05,000 --> 00:21:08,500
let us do whatever we want or
you're not going to have Thing,

363
00:21:09,600 --> 00:21:11,200
right?
Because how are you going to

364
00:21:11,200 --> 00:21:13,400
survive as a business?
If you don't don't use dollars.

365
00:21:15,900 --> 00:21:18,400
I think this is kind of where
gold backs comes in.

366
00:21:18,900 --> 00:21:22,200
I think you raise a great point
there, right?

367
00:21:22,300 --> 00:21:29,300
And we don't have to go that far
back in time to really see that

368
00:21:29,900 --> 00:21:32,900
this was understood by our
Founders as well, right?

369
00:21:33,300 --> 00:21:36,900
One of the things that gets
glossed over in history, is that

370
00:21:36,900 --> 00:21:40,500
prior to the full-fledged
Revolution starting, you had

371
00:21:40,500 --> 00:21:44,400
guys like Sam Adams, you had
John Hamilton or excuse me.

372
00:21:44,500 --> 00:21:48,900
Not Hamilton Hancock.
And you had a doctor that was

373
00:21:48,900 --> 00:21:51,600
back in Boston, and they
actually started using a

374
00:21:51,608 --> 00:21:54,400
different currency,
understanding that.

375
00:21:54,400 --> 00:21:58,800
One of the ways you can have
influence as just a citizen is

376
00:21:58,800 --> 00:22:01,200
to be like I'm not playing your
game anymore.

377
00:22:03,300 --> 00:22:05,900
Right.
In fact, if you think about it,

378
00:22:05,900 --> 00:22:11,000
in terms of like passive
resistance, what was it that

379
00:22:11,000 --> 00:22:15,500
Gandhi did that was so powerful.
He was able to liberate his

380
00:22:15,500 --> 00:22:19,300
entire nation from British rule
the most powerful military on

381
00:22:19,300 --> 00:22:20,900
the planet.
The most powerful Empire on the

382
00:22:20,900 --> 00:22:23,500
planet.
He defeated the most powerful

383
00:22:24,000 --> 00:22:26,900
group on the planet, how through
nonviolent resistance.

384
00:22:26,900 --> 00:22:28,100
But what does that look like?
What?

385
00:22:28,100 --> 00:22:32,000
It looks like is saying.
Your rule doesn't look like a

386
00:22:32,000 --> 00:22:34,200
good one to me.
I Not going to subscribe to that

387
00:22:34,200 --> 00:22:36,600
rule.
I'm just going to ignore it.

388
00:22:37,000 --> 00:22:40,700
And it's not like you have to do
anything violent to overthrow.

389
00:22:40,700 --> 00:22:44,100
You don't have to do anything.
You know.

390
00:22:44,400 --> 00:22:46,500
It doesn't have to be trees in a
rebellion against the

391
00:22:46,500 --> 00:22:48,600
government.
You just have to say when you

392
00:22:48,600 --> 00:22:51,300
look at certain programs, if you
don't like the way it's working

393
00:22:51,300 --> 00:22:52,600
and you don't think it's going
to work for you.

394
00:22:52,900 --> 00:22:56,000
Well, then don't do it.
Don't participate in a system

395
00:22:56,000 --> 00:22:58,400
that is harming.
You don't Empower.

396
00:22:58,400 --> 00:23:01,400
It's just simply say, I'm sorry
I'm not interested in doing

397
00:23:01,400 --> 00:23:02,800
that.
Thank you, but no, thank you.

398
00:23:03,000 --> 00:23:05,000
You, you know, kind of kind of
thing.

399
00:23:05,200 --> 00:23:06,800
And that's really what they were
doing.

400
00:23:07,200 --> 00:23:09,900
These early American.
Revolutionaries were looking at

401
00:23:10,000 --> 00:23:15,500
some of the ways in which the
the crown in England was trying

402
00:23:15,500 --> 00:23:20,000
to basically make exorbitant
profits off of the colonies,

403
00:23:20,400 --> 00:23:23,500
right?
The King George was basically

404
00:23:23,500 --> 00:23:28,300
trying to see how much, how many
resources he could milk the

405
00:23:28,300 --> 00:23:33,500
colonies for and they were
basically just saying We don't

406
00:23:33,500 --> 00:23:35,500
want to do that.
So we're not going to

407
00:23:35,508 --> 00:23:40,900
participate in that system and
we can't of course do anything

408
00:23:40,900 --> 00:23:42,900
about it.
There's nowhere else to go

409
00:23:42,900 --> 00:23:45,800
unless we build our own system,
our own alternative

410
00:23:45,800 --> 00:23:49,700
infrastructure and it needs to
be something there for that that

411
00:23:49,700 --> 00:23:53,400
has some real value to it.
And that's really where the

412
00:23:53,400 --> 00:23:55,400
difficulties were with these
alternative currencies.

413
00:23:55,600 --> 00:23:57,400
Benjamin Franklin had one of my
favorites.

414
00:23:57,700 --> 00:24:00,700
Benjamin Franklin's alternative
currency was going to be based

415
00:24:00,700 --> 00:24:02,800
on the idea of the value of the
land.

416
00:24:03,400 --> 00:24:06,300
And that the people on the land,
we're creating value.

417
00:24:07,200 --> 00:24:11,100
Because at the time, of course,
the colonies were mostly made up

418
00:24:11,100 --> 00:24:13,300
of small farmers and things like
that.

419
00:24:13,400 --> 00:24:17,000
And he said, look, if your
average American who is this,

420
00:24:17,700 --> 00:24:20,700
this farmer is out there,
improving the land and and

421
00:24:20,700 --> 00:24:23,500
growing crops, the land is
bringing forth to the yield or

422
00:24:23,500 --> 00:24:25,800
an increase.
If we can use that as our

423
00:24:25,800 --> 00:24:28,400
measure of value.
Not just gold or silver, for

424
00:24:28,400 --> 00:24:32,700
example, or the power of the
Fiat of the crown to give orders

425
00:24:32,700 --> 00:24:35,900
and You should do what I say.
What if we just looked at it and

426
00:24:35,900 --> 00:24:43,000
said, okay, the land brings
value, let's have everybody be

427
00:24:43,000 --> 00:24:47,800
able to use that land and that
value from the land, as their

428
00:24:47,800 --> 00:24:52,300
credit to create the basis for a
currency and created the

429
00:24:52,300 --> 00:24:54,100
Continental dollar and it works
pretty well.

430
00:24:55,300 --> 00:24:59,300
But but essentially what you
have to do is you have to have

431
00:24:59,300 --> 00:25:02,300
an alternative, you have to have
somewhere else, you can go, if

432
00:25:02,300 --> 00:25:05,500
you want to Be able to reclaim
your freedom in those types of

433
00:25:05,500 --> 00:25:08,100
situations.
And so we've got a really

434
00:25:08,100 --> 00:25:11,600
interesting opportunity here in
using gold as money because

435
00:25:11,600 --> 00:25:16,100
after all gold is the original
Money, the real money, the gold

436
00:25:16,100 --> 00:25:20,600
back makes it possible for
people to have a monetary system

437
00:25:21,300 --> 00:25:26,200
where it's not manipulatable,
not even by us who meant it.

438
00:25:26,800 --> 00:25:29,700
The gold back is just real gold
money and the gold.

439
00:25:29,700 --> 00:25:31,900
The value itself is in your
hand.

440
00:25:32,300 --> 00:25:34,500
You actually Trade it for your
transaction.

441
00:25:34,600 --> 00:25:37,200
So it's not just a currency
which represents value somewhere

442
00:25:37,200 --> 00:25:38,800
else.
The gold is actually in your

443
00:25:38,800 --> 00:25:41,100
pocket so that means that the
goal back is basically like a

444
00:25:41,108 --> 00:25:45,000
very thin or very small coin
that you can use for for

445
00:25:45,000 --> 00:25:48,000
transactions.
When you've got a system like

446
00:25:48,000 --> 00:25:52,400
that, it can't be manipulated.
It can't be taken away from you.

447
00:25:52,500 --> 00:25:54,200
It's just gold.
It's real gold.

448
00:25:54,200 --> 00:25:58,800
Real value in your hand.
So explain to me real quick for

449
00:25:58,800 --> 00:26:00,600
anyone who haven't hasn't seen
it.

450
00:26:00,900 --> 00:26:05,300
These look like dollar bills
that have gold built into kind

451
00:26:05,300 --> 00:26:10,100
of the artwork and the border so
that there's an actual weight of

452
00:26:10,100 --> 00:26:13,100
gold built into this currency.
Correct.

453
00:26:13,900 --> 00:26:17,000
Correct.
So yeah they're thin like paper

454
00:26:17,100 --> 00:26:20,100
so you could you can put them in
your wallet for example, right?

455
00:26:20,100 --> 00:26:24,900
Because they're very very thin
but they each gold back.

456
00:26:24,900 --> 00:26:30,300
One goal back is Some of a troy
ounce of pure gold, 9999, fine,

457
00:26:30,300 --> 00:26:34,800
gold or 24 karat gold, right
and, and so, yeah, it looks a

458
00:26:34,800 --> 00:26:37,600
little bit like what we call a
bill but instead of being a

459
00:26:37,600 --> 00:26:42,900
bill, it's actually a thin gold
coin, it's sort of laminated so

460
00:26:42,900 --> 00:26:46,800
you could think of it like a
laminated piece of paper except

461
00:26:46,800 --> 00:26:50,600
that instead of it being paper
inside its laminated it's gold

462
00:26:52,100 --> 00:26:56,200
and so one gold back has 1/1000
of a troy ounce.

463
00:26:56,400 --> 00:26:59,400
There's multiple types of these
notes, right?

464
00:27:00,200 --> 00:27:03,500
And so there's a 15 attend, a
25, and a 50.

465
00:27:04,100 --> 00:27:07,600
And the 50 actually has 50 times
as much gold as the one.

466
00:27:07,900 --> 00:27:10,800
And when you hold one in your
hand, if you got and get get one

467
00:27:10,800 --> 00:27:14,100
for yourself, if you go out and
buy a set or a handful of them,

468
00:27:14,500 --> 00:27:16,300
you can actually feel that
weight difference.

469
00:27:16,500 --> 00:27:19,300
The 50 is 50 times heavier in
the gold.

470
00:27:19,300 --> 00:27:22,800
It's the same amount of plastic
I suppose but as 50 times more

471
00:27:22,800 --> 00:27:26,400
gold and you can just feel that
thickness and weight The

472
00:27:26,408 --> 00:27:29,100
flexibility difference in your
hand is, is dramatic.

473
00:27:29,100 --> 00:27:32,200
You can tell.
And so I like to say, you know,

474
00:27:32,200 --> 00:27:33,900
when it comes to like
counterfeiting or people

475
00:27:33,900 --> 00:27:39,200
worrying about false currency
paper notes, we use paper for

476
00:27:39,200 --> 00:27:42,500
cash right.
A blind person, can't tell you

477
00:27:42,500 --> 00:27:47,700
if a bill is a 20 or a 50 or a 1
when you hand it to him but a

478
00:27:47,700 --> 00:27:50,300
gold back.
Even a blind person can tell you

479
00:27:50,300 --> 00:27:53,400
if it's real and which
denomination it is because you

480
00:27:53,408 --> 00:27:55,800
can feel that weight difference
and the texture difference and

481
00:27:55,800 --> 00:27:59,600
the size, Is difference.
And so, the basic idea.

482
00:28:00,000 --> 00:28:04,300
Yeah, go ahead.
So so we, so the general premise

483
00:28:04,300 --> 00:28:08,300
is that these are actual
weighted units, right now.

484
00:28:08,300 --> 00:28:12,000
Yep, that that actually solves.
A lot of problems that people

485
00:28:12,000 --> 00:28:14,000
have had with gold for years,
right?

486
00:28:14,200 --> 00:28:17,000
I can't remember who it was but
I actually have one.

487
00:28:17,400 --> 00:28:19,000
It looked like a credit card,
right?

488
00:28:19,000 --> 00:28:22,000
And so you could like chunk off
little pieces of this thing

489
00:28:22,300 --> 00:28:24,500
which was just basically like a
gold card.

490
00:28:24,500 --> 00:28:27,100
Essentially right card made a
goal.

491
00:28:27,200 --> 00:28:29,000
Old.
And that was supposed to get you

492
00:28:29,000 --> 00:28:31,200
through, but it never really had
any.

493
00:28:32,800 --> 00:28:36,100
It didn't tell you what it was
worth, right?

494
00:28:36,100 --> 00:28:39,900
It was just one of those right
break in case of fire, sort of a

495
00:28:39,908 --> 00:28:44,400
thing.
Still didn't allow sure to do

496
00:28:44,700 --> 00:28:46,700
with that.
Like what we're talking with

497
00:28:46,700 --> 00:28:50,500
gold backs, right?
You have a denomination attached

498
00:28:50,500 --> 00:28:53,400
to that?
Right?

499
00:28:53,400 --> 00:28:55,500
And that's the basically, the
problem, right?

500
00:28:55,500 --> 00:28:59,800
If I mean, gold is valuable.
And so, in an emergency

501
00:28:59,800 --> 00:29:02,500
situation, let's talk about this
in terms of like preparedness.

502
00:29:03,800 --> 00:29:07,100
Let's say you're in a situation
where the banks are closed, what

503
00:29:07,100 --> 00:29:10,800
do you do?
Well, people say well, I could

504
00:29:10,800 --> 00:29:13,400
trade gold or silver.
Well, imagine that you're in one

505
00:29:13,400 --> 00:29:15,800
of those situations and you've
got a handful of gold nuggets

506
00:29:15,800 --> 00:29:17,300
and you know, it's worth a
bunch.

507
00:29:18,900 --> 00:29:21,100
But how much is each one works
and what's the purity of that

508
00:29:21,100 --> 00:29:23,900
gold Is that 18 karat gold?
Is it 14 karat?

509
00:29:23,900 --> 00:29:25,700
Gold is it?
22 karat?

510
00:29:25,700 --> 00:29:29,900
Gold is 24 karat, gold makes a
big difference on the value of

511
00:29:29,900 --> 00:29:32,800
those nuggets, and there's no
way to really tell and if you

512
00:29:32,808 --> 00:29:36,200
get one of these Volcom, be
makes a thing where you can

513
00:29:36,200 --> 00:29:39,500
break the bar or cut it into
pieces.

514
00:29:40,100 --> 00:29:42,000
And then each of those
individual pieces are still

515
00:29:42,000 --> 00:29:44,400
supposed to be worth like quite
a bit.

516
00:29:44,500 --> 00:29:47,500
Frankly, the little, the little
pieces you could break off.

517
00:29:47,500 --> 00:29:51,500
One of those bars would still be
worth, maybe $100 or more.

518
00:29:51,900 --> 00:29:54,900
Maybe two hundred dollars for
just a little chunk that you

519
00:29:54,908 --> 00:29:57,300
break off.
And then how do you know how

520
00:29:57,300 --> 00:29:58,400
much it's worth?
Exactly.

521
00:29:58,400 --> 00:29:59,900
Well, I guess you have to weigh
it.

522
00:30:00,100 --> 00:30:02,600
You have to be able to a say it.
Meaning you have to be able to

523
00:30:02,600 --> 00:30:06,700
test it for its Purity and and
then it's weight and then you

524
00:30:06,700 --> 00:30:09,700
still have to negotiate a price
as to what that you think that

525
00:30:09,700 --> 00:30:11,800
much gold is going to be worth
for your transaction.

526
00:30:12,300 --> 00:30:15,200
The old bat and that's just too
much work basically, right?

527
00:30:15,200 --> 00:30:17,700
That's too much work.
For your average person to be

528
00:30:17,700 --> 00:30:22,300
able to do a regular transaction
with, you know, if If the banks

529
00:30:22,300 --> 00:30:26,000
are closed and we need to do
business and you've got an apple

530
00:30:26,000 --> 00:30:28,400
tree and I want to buy a bushel
of apples from you or something,

531
00:30:28,400 --> 00:30:30,900
right?
We can't do all those steps.

532
00:30:30,900 --> 00:30:37,600
We need some mode, some medium
of exchange where we can say,

533
00:30:37,600 --> 00:30:39,800
okay?
I think this is worth X price

534
00:30:40,100 --> 00:30:42,300
and I can give you that price
and you know, that you got it

535
00:30:42,300 --> 00:30:46,200
and then we can do the exchange
otherwise otherwise you're sort

536
00:30:46,200 --> 00:30:48,600
of just bartering.
It gets really confusing gold

537
00:30:48,600 --> 00:30:51,200
backs.
Really solves that first because

538
00:30:51,200 --> 00:30:54,100
they're in.
A changeable, if I owe you say

539
00:30:54,100 --> 00:30:58,100
30 gold backs, I can give hand
you a 50 and you can give me

540
00:30:58,100 --> 00:31:03,800
change with you know, with with
two tens for 20 gold ex back and

541
00:31:03,800 --> 00:31:08,800
then I paid you 30 or we can,
you know, do it in any other

542
00:31:09,100 --> 00:31:12,400
ways you can break that down, I
you do 45s or a bunch of ones

543
00:31:12,400 --> 00:31:16,300
or, you know, all those things
you can't do that with like

544
00:31:16,300 --> 00:31:19,400
these little broken bits or gold
nuggets.

545
00:31:19,400 --> 00:31:23,400
Very easily, right?
And then also, how much value

546
00:31:23,400 --> 00:31:25,600
does it have?
Well, the gold backs actually

547
00:31:25,600 --> 00:31:29,200
have an exchange rate right now.
That exchange rate is based on

548
00:31:29,200 --> 00:31:33,300
the price of gold and the market
for people who are spending the

549
00:31:33,308 --> 00:31:38,100
currency spending, the gold
backs as a currency, but even in

550
00:31:38,100 --> 00:31:40,800
an emergency situation, you
know, the exact weight and exact

551
00:31:40,800 --> 00:31:42,300
period of what you're being
handed.

552
00:31:43,600 --> 00:31:46,700
Got to tell you a quick story
about a guy who told me I'm not

553
00:31:46,700 --> 00:31:49,500
worried about inflation.
He told me I'm prepared.

554
00:31:50,100 --> 00:31:53,900
Even if the banks closed I'm not
worried, even if the total stock

555
00:31:53,900 --> 00:31:56,400
market crashes, I'm not worried.
Even if the dollar collapses,

556
00:31:56,400 --> 00:31:59,500
I'm not worried because I've got
gold bars in my safe.

557
00:31:59,700 --> 00:32:02,500
You told me and I thought, hey,
that's great for you man.

558
00:32:02,500 --> 00:32:05,300
Gold bars are that's, that's a
lot of value right there, right?

559
00:32:06,000 --> 00:32:09,200
But I said, but imagine this,
imagine one of those scenarios.

560
00:32:09,200 --> 00:32:13,000
You just said happens.
Imagine the banks are closed and

561
00:32:13,000 --> 00:32:18,000
you need a dozen eggs.
Are you going to give somebody a

562
00:32:18,000 --> 00:32:21,500
gold bar for a dozen eggs?
I'm going to gold.

563
00:32:21,700 --> 00:32:24,000
Cars worth like eighty thousand
dollars or something.

564
00:32:24,700 --> 00:32:28,300
You can spend eighty thousand
dollars of value on on a dozen

565
00:32:28,300 --> 00:32:30,600
eggs, been give me that guy's
name.

566
00:32:30,600 --> 00:32:33,600
And number after you're done
with this show, I want to get

567
00:32:33,600 --> 00:32:37,500
them off me, right?
I want to get with him him some

568
00:32:37,500 --> 00:32:40,600
eggs, right?
And he was like, well, no, that

569
00:32:40,600 --> 00:32:42,500
would be terrible.
And I'm like, so, what are you

570
00:32:42,500 --> 00:32:45,300
gonna do?
You can't sell a gold bar.

571
00:32:45,500 --> 00:32:48,700
You don't want to trade it for
some small purchase you.

572
00:32:49,300 --> 00:32:52,500
So here's the problem.
If the banks are closed Or if

573
00:32:52,700 --> 00:32:56,300
you want to use gold as money.
Right now, what most people are

574
00:32:56,308 --> 00:32:59,700
doing is they have to sell their
gold bar for dollars, which

575
00:32:59,700 --> 00:33:02,300
means all the bank's got to be
have to be open all the gold

576
00:33:02,300 --> 00:33:05,500
dealers have to be flush with
cash, which means the stock

577
00:33:05,500 --> 00:33:07,600
market's got to have to be
pretty good frankly.

578
00:33:08,300 --> 00:33:11,900
So he so that somebody has can
actually cash him out of that

579
00:33:11,900 --> 00:33:13,700
and then he's going to spend
paper dollars.

580
00:33:14,400 --> 00:33:16,100
Well that's not going to work.
And then some people say oh well

581
00:33:16,100 --> 00:33:19,100
what if you just chips off a
piece and be the worst thing you

582
00:33:19,100 --> 00:33:23,600
could do you chip a piece off?
The gold bar and now we don't

583
00:33:23,600 --> 00:33:26,900
know how much the gold bar is.
We just know that it's less than

584
00:33:27,600 --> 00:33:30,300
what it says on it.
You know, if it's 100 ounce,

585
00:33:30,300 --> 00:33:32,500
gold bar and you've chipped a
piece off it, now I don't know

586
00:33:32,500 --> 00:33:35,900
how much is left and then once
you've got this little chipped

587
00:33:35,900 --> 00:33:39,400
off piece, this little gold
flake or something, you still

588
00:33:39,400 --> 00:33:41,200
got it.
You got to test it.

589
00:33:41,300 --> 00:33:44,200
You've got a way it at least one
was attached to the bar.

590
00:33:44,400 --> 00:33:48,000
I knew that it said, 24 karat
gold on that bar, but the the

591
00:33:48,000 --> 00:33:50,100
little tiny flake doesn't
doesn't say it.

592
00:33:50,100 --> 00:33:52,300
What its Purity is.
Now, I've got a To, I've got a

593
00:33:52,600 --> 00:33:56,100
I've got a say that, right?
And this is where you got to ask

594
00:33:56,100 --> 00:33:58,300
the test things.
Are you got to use these

595
00:33:58,300 --> 00:34:02,100
Touchstone methods or all kinds
of stuff to figure out if it's

596
00:34:02,100 --> 00:34:04,800
actually, real gold.
People don't have time for that.

597
00:34:04,800 --> 00:34:08,400
That's not going to work and I
said but but here if you have a

598
00:34:08,408 --> 00:34:13,100
gold back I told this guy then
you know one gold back is worth

599
00:34:13,100 --> 00:34:17,600
about a loaf of bread, a dozen
eggs, something like that

600
00:34:18,800 --> 00:34:21,400
because this much gold has
always been worth that much.

601
00:34:21,600 --> 00:34:25,000
And probably always will be.
So let me ask you this been

602
00:34:25,000 --> 00:34:28,400
because I think you bring up a
good point here and I just want

603
00:34:28,400 --> 00:34:32,100
to get the stats right on this.
How is the gold that's used in

604
00:34:32,100 --> 00:34:32,900
Gold?
Max?

605
00:34:33,199 --> 00:34:37,900
How is it verified so to speak?
He were talking about having

606
00:34:37,900 --> 00:34:41,699
work needing to be a see, you
know, saying that sort of stuff,

607
00:34:41,699 --> 00:34:42,400
right?
Blame me.

608
00:34:42,400 --> 00:34:46,400
The process about, you know, the
verification process at the

609
00:34:46,400 --> 00:34:48,000
Gold.
That's going into the gold

610
00:34:48,000 --> 00:34:53,300
backs, is what they say, they
are So, there's for this, for

611
00:34:53,600 --> 00:34:56,000
this, for things that go into
every go back and this is, this

612
00:34:56,000 --> 00:34:58,200
is really part of major.
Part of the value of a goal

613
00:34:58,200 --> 00:35:00,300
back, right?
Is that when you get one in your

614
00:35:00,300 --> 00:35:02,100
hand, you have to know that it's
the real deal.

615
00:35:03,200 --> 00:35:05,200
And the nice thing is, is they
really can't become

616
00:35:05,700 --> 00:35:07,700
counterfeited.
So, when you want you all to go

617
00:35:07,700 --> 00:35:10,500
back in your hands, you'll see
it has security features on it.

618
00:35:11,900 --> 00:35:14,900
And those security features at
this point.

619
00:35:14,900 --> 00:35:17,800
We do not believe that anyone
with the technology to make a

620
00:35:17,808 --> 00:35:22,800
fake, okay?
So, but Do you know, the real

621
00:35:22,800 --> 00:35:24,900
gold back is really what it
claims to be.

622
00:35:25,300 --> 00:35:29,100
Well, there's there's four
things first, it's a very

623
00:35:29,100 --> 00:35:31,700
exacting process.
We use to create the gold back.

624
00:35:32,500 --> 00:35:35,800
Instead of it being minted by
like being Stamped Out like gold

625
00:35:35,800 --> 00:35:38,800
foil or gold leaf, or even a
gold coin.

626
00:35:38,800 --> 00:35:43,100
That's stamped to its weight.
It's not a subdue.

627
00:35:43,100 --> 00:35:44,700
Those are all subtractive
processes.

628
00:35:44,700 --> 00:35:46,300
It's called in manufacturing,
right?

629
00:35:46,400 --> 00:35:49,600
All of those, you start with a
bunch of gold and then you cut

630
00:35:49,600 --> 00:35:53,300
it down to the value.
The gold back is actually done

631
00:35:53,300 --> 00:35:55,400
the opposite way.
It's an additive process.

632
00:35:56,500 --> 00:36:02,500
We actually, it's sort of like,
3D printing the, the, the the

633
00:36:02,500 --> 00:36:07,000
manufacturing process called
vacuum deposition is like 3D

634
00:36:07,000 --> 00:36:09,300
printing.
But were using for our filament

635
00:36:09,300 --> 00:36:12,900
is pure gold and what we're
using for our nozzle is a laser

636
00:36:13,400 --> 00:36:16,300
and so this laser essentially
picks up gold, atoms in the

637
00:36:16,300 --> 00:36:17,500
side.
This vacuum chamber so there's

638
00:36:17,500 --> 00:36:22,000
no other atoms in there.
Only gold atoms and that That

639
00:36:22,000 --> 00:36:26,600
laser then carries the atom with
along with the photon to the

640
00:36:26,600 --> 00:36:31,000
surface and then uses the energy
of that laser to fuse it onto

641
00:36:31,000 --> 00:36:33,400
the surface.
So first of all, the reason we

642
00:36:33,400 --> 00:36:35,700
know how much gold is in there
is because this is a very

643
00:36:35,700 --> 00:36:38,000
exacting process.
We're literally applying these

644
00:36:38,000 --> 00:36:42,100
gold atoms one atom at a time.
Now, obviously, we do it very,

645
00:36:42,100 --> 00:36:43,700
very quickly with multiple
lasers.

646
00:36:43,700 --> 00:36:47,200
Otherwise we would still be
counting the number of atoms

647
00:36:47,200 --> 00:36:48,800
dicks to make one gold back.
Right.

648
00:36:50,200 --> 00:36:55,600
But But it's a very very precise
process extremely precise.

649
00:36:55,600 --> 00:37:00,600
The second thing that we do is
that every gold back is then

650
00:37:00,600 --> 00:37:05,100
x-rayed and these x-ray a saying
methods make it so that we can

651
00:37:05,100 --> 00:37:11,100
measure the exact density and
thickness of the gold and

652
00:37:11,100 --> 00:37:13,300
because we can measure its
density, we're actually also

653
00:37:13,300 --> 00:37:17,100
measuring what it is made out of
right whether or not there's any

654
00:37:17,100 --> 00:37:20,300
impurities in that gold then
would come out in this type of

655
00:37:20,300 --> 00:37:23,700
type of Process.
A spectrometer is something

656
00:37:23,700 --> 00:37:25,500
fairly similar.
There's a lot of gold testing

657
00:37:25,500 --> 00:37:27,000
machines that are out on the
market.

658
00:37:27,000 --> 00:37:29,900
You can buy the cost they
usually cost well in excess of a

659
00:37:29,900 --> 00:37:32,200
thousand dollars sometimes in
excess of three or four thousand

660
00:37:32,200 --> 00:37:35,600
dollars but it's basically doing
the same thing.

661
00:37:35,600 --> 00:37:40,000
It's it's it's proving the
Purity the density and the

662
00:37:40,008 --> 00:37:44,700
thickness so that gives us
another picture.

663
00:37:44,700 --> 00:37:47,100
An independent picture of
whether or not that first

664
00:37:47,100 --> 00:37:51,000
process was done accurately so
that we can see exactly.

665
00:37:51,100 --> 00:37:52,500
Exactly the waiting period of
the gold.

666
00:37:52,500 --> 00:37:55,700
The third thing we do is a fire
assay.

667
00:37:55,700 --> 00:38:00,300
Now, this happens at random out
of every batch of gold box

668
00:38:00,300 --> 00:38:02,900
that's being created, some of
the gold backs are pulled out of

669
00:38:02,908 --> 00:38:06,400
that batch at random and then
melted down.

670
00:38:06,900 --> 00:38:08,800
So we put them inside a
crucible.

671
00:38:09,000 --> 00:38:13,400
Wheat that Crucible up to about
4,000 degrees at that

672
00:38:13,400 --> 00:38:18,500
temperature not only is gold a
liquid but some the polymer that

673
00:38:18,500 --> 00:38:20,700
we're using, that's basically
like the lamination I was

674
00:38:20,700 --> 00:38:22,200
talking.
Outlets on the outside of the

675
00:38:22,200 --> 00:38:25,500
gold back and the inks that we
use for the artwork.

676
00:38:25,500 --> 00:38:31,200
I think that those all vaporize
turn into vapor at, you know,

677
00:38:31,300 --> 00:38:33,900
less than 2,000 degrees.
Most of them quite a bit less

678
00:38:33,900 --> 00:38:37,500
than 2,000 degrees and then the
gold at two or three thousand

679
00:38:37,500 --> 00:38:40,200
degrees is a complete liquid.
And then we cool it back off

680
00:38:40,200 --> 00:38:41,700
again.
And we end up with this little

681
00:38:41,700 --> 00:38:46,400
tiny BB of pure gold, we then
take that BB of pure gold and do

682
00:38:46,408 --> 00:38:50,100
the same things with it.
We x-ray it and use the

683
00:38:50,100 --> 00:38:52,900
spectrometer.
And we weigh it and then when we

684
00:38:52,900 --> 00:38:58,500
way that that little ball of
gold, it has to weigh more than

685
00:38:58,500 --> 00:39:03,800
what was promised in those gold
backs that way, we know a third

686
00:39:03,800 --> 00:39:08,200
way that it is actually.
And in general it is slightly in

687
00:39:08,200 --> 00:39:11,100
excess of what is Promised.
So, one gold back is 1/1,000 of

688
00:39:11,107 --> 00:39:13,700
an ounce.
It's usually two percent or so

689
00:39:13,700 --> 00:39:17,600
more because our Target is to be
at about 2% more.

690
00:39:17,700 --> 00:39:20,700
Now, if the asset is come back
and say it's only 1% more than

691
00:39:20,700 --> 00:39:23,000
most Must were still more than
was promised.

692
00:39:23,000 --> 00:39:25,100
So we'll still send those out,
right?

693
00:39:25,500 --> 00:39:28,900
But the idea is it can't be too
much more.

694
00:39:29,900 --> 00:39:33,600
I can't be more than say four or
five percent more than what we

695
00:39:33,607 --> 00:39:36,600
promised otherwise that that's
our entire profit margin and

696
00:39:36,600 --> 00:39:38,800
we'd be giving away money in
order to make the gold backs.

697
00:39:39,100 --> 00:39:43,800
So so if that ever, if it cover
comes back more than that, then

698
00:39:43,800 --> 00:39:48,300
will melt them down again to be
sure that we aren't overdoing

699
00:39:48,300 --> 00:39:50,100
it.
But basically, that destroys

700
00:39:50,100 --> 00:39:54,500
the, the individual Go back.
So we do it with but what it

701
00:39:54,500 --> 00:39:56,600
what does it do?
It confirms the other two

702
00:39:56,900 --> 00:40:01,500
methods and the fourth way and
final way that you know you're

703
00:40:01,500 --> 00:40:04,800
getting what you're getting with
the gold back is we don't just

704
00:40:04,800 --> 00:40:07,200
do that ourselves in house.
We do that ourselves in house

705
00:40:07,200 --> 00:40:10,300
all the time but that's not
that's not all the fourth way.

706
00:40:10,300 --> 00:40:15,500
Is we actually hire independent,
third-party, Auditors to do all

707
00:40:15,500 --> 00:40:21,100
of it all over again.
They melt them down, they use

708
00:40:21,100 --> 00:40:26,000
the spectrometers in the x-rays,
and they verify the Purity.

709
00:40:27,200 --> 00:40:31,700
And so, after it's gone through
all of that and and multiple

710
00:40:31,700 --> 00:40:36,100
different third parties, all the
major Boolean houses you can buy

711
00:40:36,100 --> 00:40:40,200
gold Backs from almost any major
bullion dealer at this point.

712
00:40:40,700 --> 00:40:46,300
All of them have double-checked
and our confidence that the gold

713
00:40:46,300 --> 00:40:48,800
is really there.
So once it's in that form, once

714
00:40:48,800 --> 00:40:52,700
it's inside the gold back, you
basically have it in a form

715
00:40:52,700 --> 00:40:55,700
where you have proof of
authenticity of exactly what

716
00:40:55,700 --> 00:40:58,600
this gold is worth.
Otherwise, you know, if you're

717
00:40:58,600 --> 00:41:02,700
trading bits of gold chains, or,
or gold nuggets.

718
00:41:02,700 --> 00:41:05,100
Yeah, you can't really be sure.
You know what you're getting

719
00:41:05,500 --> 00:41:09,300
honestly.
Sadly counterfeiting is rampant.

720
00:41:09,300 --> 00:41:12,300
Even amongst gold coins.
So even if someone brings you a

721
00:41:12,300 --> 00:41:16,800
gold coin, that says, the United
States of America and, and you

722
00:41:16,800 --> 00:41:18,600
think this is From the u.s.
mint.

723
00:41:18,600 --> 00:41:22,000
This is a u.s. minted gold coin.
I'm sorry, there's tons of fakes

724
00:41:22,000 --> 00:41:26,600
out there where people will put
a cheap metal on the inside like

725
00:41:26,600 --> 00:41:29,100
a washer or something like that.
You can usually find those

726
00:41:29,100 --> 00:41:32,600
cheaper, counterfeit fakes by
just putting a magnet on it and

727
00:41:32,600 --> 00:41:37,200
it's like, oh, this is magnetic.
This isn't this isn't real but

728
00:41:37,200 --> 00:41:39,800
some of the really, really good
fakes actually will have

729
00:41:39,800 --> 00:41:42,700
tungsten on the inside and gold
on the outside.

730
00:41:42,900 --> 00:41:45,400
And honestly about the only way
you can prove that those are

731
00:41:45,400 --> 00:41:48,000
real or not is the Melt them
down.

732
00:41:49,100 --> 00:41:51,300
And that means that even a gold
coin.

733
00:41:51,300 --> 00:41:54,500
You can't necessarily trust it.
I'm sorry to say it, but you

734
00:41:54,500 --> 00:41:57,500
just can't, but the gold back.
You can.

735
00:41:57,600 --> 00:42:00,600
It's so thin you can't hide
anything else inside it, and

736
00:42:00,600 --> 00:42:03,500
it's, and it's independently
verified by multiple parties

737
00:42:03,500 --> 00:42:07,400
before it goes out.
So you can see essentially when

738
00:42:07,400 --> 00:42:09,600
it's in that container, you
know, you've got the real thing.

739
00:42:10,500 --> 00:42:13,200
Dude, that's awesome.
Because that's that's always the

740
00:42:13,200 --> 00:42:16,100
trick, right?
Is to make sure that that if if

741
00:42:16,100 --> 00:42:18,900
you're trading something, you're
not just doing what we're doing

742
00:42:18,900 --> 00:42:21,600
with the dollar, which is just
saying, I'm sure where the, I'm

743
00:42:21,600 --> 00:42:24,300
sure it's fine, right?
How it's probably fine, right?

744
00:42:24,500 --> 00:42:25,800
You're right.
Exactly.

745
00:42:26,100 --> 00:42:31,200
Again, really some misplaced
Faith there, but anyway, it's

746
00:42:31,200 --> 00:42:34,900
good to know that.
Now, let me ask you this, how

747
00:42:34,900 --> 00:42:39,000
many businesses right now are
using gold box that you can kind

748
00:42:39,000 --> 00:42:43,800
of go into a Place and buy, buy
something with those gold box.

749
00:42:43,800 --> 00:42:46,300
And what kind of Industries are
they in?

750
00:42:46,300 --> 00:42:50,700
Are, are those merchants?
And I guess, right?

751
00:42:51,000 --> 00:42:56,600
Well, we while we probably could
use more big retailers right

752
00:42:56,600 --> 00:42:58,800
now.
That's been the hardest of the

753
00:42:58,800 --> 00:43:03,500
nuts to crack, but right now
already there are hundreds of

754
00:43:03,500 --> 00:43:07,100
businesses across four states
that accept go back side.

755
00:43:07,100 --> 00:43:11,000
Say in Utah, all alone, we're in
excess of 300 businesses.

756
00:43:11,000 --> 00:43:13,700
Now where you can walk in and
pay with gold backs, right?

757
00:43:13,700 --> 00:43:17,400
At the cash register.
Just like you would with paper

758
00:43:17,400 --> 00:43:20,700
dollars, but you can just pay me
in Gold peyman the gold backs

759
00:43:21,500 --> 00:43:25,500
and out of those 300 businesses.
I mean, I would say that it's

760
00:43:25,500 --> 00:43:30,500
probably at least 60 40, maybe
it's maybe it's 7030.

761
00:43:30,900 --> 00:43:35,600
Weighted in favor of services.
Things like restaurants.

762
00:43:36,800 --> 00:43:39,700
We've got accountants and
lawyers and plumbers.

763
00:43:39,800 --> 00:43:43,600
Hours and HVAC, guys.
We've got landscapers and

764
00:43:43,600 --> 00:43:50,700
Artisans, but then, you know,
we've also got, you know, the at

765
00:43:50,700 --> 00:43:53,700
least Thirty forty percent are
going to be things.

766
00:43:53,700 --> 00:44:01,100
Like we have car dealerships,
people who sell food even, not

767
00:44:01,100 --> 00:44:04,000
necessarily big Grocers, but we
have a bunch of farms, and

768
00:44:04,000 --> 00:44:09,400
butchers and Orchards and
there's several people.

769
00:44:10,700 --> 00:44:13,900
Have honey or some other
specific thing.

770
00:44:14,300 --> 00:44:19,600
And so yeah, while we're not at
Universal acceptance yet, it's

771
00:44:19,600 --> 00:44:22,400
been growing by hundreds every
year and it's been growing

772
00:44:22,400 --> 00:44:24,800
exponentially.
So we're hoping that we can

773
00:44:25,100 --> 00:44:27,500
approach something like
Universal acceptance, hopefully

774
00:44:27,500 --> 00:44:30,500
in the next five years or so,
where maybe you could spend them

775
00:44:30,500 --> 00:44:35,100
everywhere anywhere.
But yeah, for right now, I would

776
00:44:35,100 --> 00:44:39,700
say though everybody should have
a few in their wallet because it

777
00:44:39,800 --> 00:44:41,600
it moves forward the cause of
sound money.

778
00:44:41,800 --> 00:44:45,500
One of the things that my boss
likes to say is people are sad

779
00:44:45,500 --> 00:44:48,100
about losing missing the gold
standard.

780
00:44:49,400 --> 00:44:52,300
And if you're waiting for the
feds to just bring it back here,

781
00:44:52,300 --> 00:44:54,600
waiting in vain, but you don't
have.

782
00:44:54,600 --> 00:44:57,300
But here's the good news, you
don't have to wait for the feds

783
00:44:57,300 --> 00:44:59,900
to bring back the gold standard.
We already have the gold medal

784
00:44:59,900 --> 00:45:02,200
standard.
We're bringing it back right now

785
00:45:02,200 --> 00:45:05,700
with the gold back.
All you've got to do is one

786
00:45:05,700 --> 00:45:07,600
understand the problem.
Well, if they're listening to

787
00:45:07,600 --> 00:45:09,700
this podcast, they understand
more about the problem.

788
00:45:10,600 --> 00:45:14,600
To the second step to bring us
three easy steps right to bring

789
00:45:14,600 --> 00:45:17,000
us back to the gold standard
one.

790
00:45:17,000 --> 00:45:20,600
Understand the problem to you
have to actually have some gold.

791
00:45:21,400 --> 00:45:24,600
Now that's pretty easy because
one gold back is worth less than

792
00:45:24,600 --> 00:45:27,100
four dollars.
So for less than four dollars,

793
00:45:27,100 --> 00:45:30,700
you can become an owner of gold.
Well, it beats the heck out of

794
00:45:30,700 --> 00:45:34,100
buying coins, like I was just
saying generally if you wanted

795
00:45:34,100 --> 00:45:37,400
to become a gold owner, you had
to have at least two thousand

796
00:45:37,400 --> 00:45:40,500
dollars to go in and buy one
coin.

797
00:45:41,500 --> 00:45:47,100
That's how much it cost you to
become a gold owner but now with

798
00:45:47,100 --> 00:45:51,500
the gold back you can you can
come in with 44 dollars you can

799
00:45:51,500 --> 00:45:54,800
show with four bucks and get it
one gold back and Bam.

800
00:45:54,800 --> 00:45:56,900
You're gold on her and then step
number three.

801
00:45:57,300 --> 00:46:00,000
Once you've got some gold backs
in your wallet, you got to go

802
00:46:00,000 --> 00:46:02,600
and spend them.
And the moment you've done that,

803
00:46:02,600 --> 00:46:05,200
you've completed the cycle.
You've actually added to

804
00:46:05,200 --> 00:46:08,800
circulation circulating money,
that is sound money, that's real

805
00:46:08,800 --> 00:46:12,300
money, that's actual gold.
And then you're on the gold

806
00:46:12,300 --> 00:46:13,800
standard.
That's that's all it takes three

807
00:46:13,800 --> 00:46:17,500
steps.
Let me ask you this then real

808
00:46:17,500 --> 00:46:21,900
quick.
If I'm a merchant of any sort,

809
00:46:22,400 --> 00:46:27,200
is there a tax nightmare?
That is associated with with

810
00:46:27,200 --> 00:46:29,900
gold backs, right?
I mean, because look, you have

811
00:46:29,900 --> 00:46:35,100
to pay the government, their
share or else you're, you're

812
00:46:35,100 --> 00:46:38,300
going to be up against the IRS
who just, you know happened with

813
00:46:38,300 --> 00:46:42,900
hired 85,000 new agents.
They're coming, right, right?

814
00:46:42,900 --> 00:46:46,800
An armored and armed a bunch of
them and they didn't hire those

815
00:46:46,800 --> 00:46:49,800
guys just to sit on the
sidelines and, you know, bring

816
00:46:49,800 --> 00:46:52,700
coffee to the real agents, there
there, there for a purpose.

817
00:46:52,900 --> 00:46:57,500
So, we're going to what Justice
when it comes to taxes and that

818
00:46:57,500 --> 00:46:59,700
sort of thing.
If I'm a merchant that wants to

819
00:46:59,700 --> 00:47:02,100
get involved with this and take,
this is right?

820
00:47:02,800 --> 00:47:07,100
How's your real question was,
should you be worried goodness?

821
00:47:07,100 --> 00:47:08,800
No, please don't.
Be worried at all.

822
00:47:08,800 --> 00:47:11,600
In fact, that's one of the best
things about the Gold backs is

823
00:47:11,600 --> 00:47:17,000
that the tax situation is great?
Now, it's not it's not perfect.

824
00:47:17,000 --> 00:47:19,400
In the sense that it's not that
there's no taxes, you still have

825
00:47:19,400 --> 00:47:20,700
to pay your taxes.
I'm afraid.

826
00:47:21,200 --> 00:47:24,800
But the nice thing is, is that
gold back is a legal tender

827
00:47:24,800 --> 00:47:27,000
instrument.
What that means is, it's

828
00:47:27,000 --> 00:47:30,100
basically treated as money by
law, especially in the states,

829
00:47:30,100 --> 00:47:34,400
in which its operating.
Now, and there are some states

830
00:47:34,700 --> 00:47:38,200
that were not even operating in
yet, that also have similar laws

831
00:47:38,200 --> 00:47:40,500
that will treat the gold back
and just the same even if

832
00:47:40,500 --> 00:47:44,000
there's State designed for them.
But basically, what is that?

833
00:47:44,000 --> 00:47:48,300
That scheme, there's something
that is called the Utah legal

834
00:47:48,300 --> 00:47:51,700
tender act and that's a Utah
state law.

835
00:47:52,200 --> 00:47:55,400
That really gave us the idea for
the go back in the first place

836
00:47:55,900 --> 00:47:58,600
and that Utah, state law
basically said, gold and silver

837
00:47:58,600 --> 00:48:02,800
are real money.
They have always been money and

838
00:48:02,800 --> 00:48:04,900
they'll be recognized by law as
money.

839
00:48:05,500 --> 00:48:10,400
And that means that, for
example, if you buy a gold back,

840
00:48:10,500 --> 00:48:13,700
I'm doing air quotes here,
you're not buying something.

841
00:48:13,700 --> 00:48:16,600
If you turn your paper dollars
into gold backs, you're

842
00:48:16,600 --> 00:48:21,100
exchanging one form of money
Fiat, money into another form of

843
00:48:21,100 --> 00:48:23,200
money, sound money, which is
gold.

844
00:48:24,400 --> 00:48:27,400
And so therefore the state
doesn't treat that as a sale.

845
00:48:27,500 --> 00:48:30,700
So for example, you don't have
to pay sales tax, to turn your

846
00:48:30,900 --> 00:48:36,000
dollars into gold backs and when
you accept gold backs, you don't

847
00:48:36,000 --> 00:48:40,300
have to do any special pain in
the butt tax things.

848
00:48:40,900 --> 00:48:44,200
Now it is true that if you take
payment in Gold backs and you

849
00:48:44,200 --> 00:48:48,700
would have owed some kind of
sales tax on a sale, had it been

850
00:48:48,700 --> 00:48:52,100
done in dollars, then yes, you
still owe your sales tax on the

851
00:48:52,100 --> 00:48:58,700
sale that you made in Gold backs
but there's no special tax.

852
00:48:59,100 --> 00:49:01,600
And here's one of the reasons
why that's especially

853
00:49:01,600 --> 00:49:04,700
interesting, is that say, you
know, for example, you could own

854
00:49:04,700 --> 00:49:08,600
you could o state capital gains
tax on an investment.

855
00:49:08,600 --> 00:49:13,200
Let's say you were to even gold.
Old for the until the legal

856
00:49:13,200 --> 00:49:18,300
tender actress past, you could
say by a bunch of some assets,

857
00:49:18,300 --> 00:49:21,600
say it's stocks or something
like that and then it goes up in

858
00:49:21,600 --> 00:49:24,300
value and you sell it at a
higher price and then that

859
00:49:24,300 --> 00:49:25,800
difference becomes your capital
gains, right?

860
00:49:25,800 --> 00:49:29,000
And then if you have 0 capital
gains on the difference between

861
00:49:29,000 --> 00:49:32,400
the price, you bought it for and
the price you sold it for well

862
00:49:32,400 --> 00:49:35,100
with the gold back, you're not
actually ever going to realize

863
00:49:35,100 --> 00:49:37,300
capital gains because you're
never going to sell them for

864
00:49:37,300 --> 00:49:40,100
dollars.
If you turn, let's say you have

865
00:49:40,100 --> 00:49:42,500
10 thousand.
You're worried about inflation

866
00:49:42,500 --> 00:49:44,800
right now.
You want to opt out of that so

867
00:49:44,800 --> 00:49:47,300
you turn your ten thousand
dollars of paper money into ten

868
00:49:47,300 --> 00:49:49,300
thousand dollars of gold money
and gold backs.

869
00:49:50,800 --> 00:49:54,000
Well now you don't have to worry
about inflation generally

870
00:49:54,000 --> 00:49:59,000
because gold maybe not instantly
but eventually generally keeps

871
00:49:59,000 --> 00:50:04,100
up with inflation and then you
just spend your gold backs

872
00:50:04,100 --> 00:50:06,900
instead of spending your paper
dollars, will you still never

873
00:50:06,900 --> 00:50:10,200
realize the game, right?
You've never realized the gain

874
00:50:10,200 --> 00:50:12,800
in is you sell it for dollars at
a higher price than what you

875
00:50:12,808 --> 00:50:16,300
bought it for.
We never have to do that again.

876
00:50:16,300 --> 00:50:20,600
You can just opt out in which
case you won't actually owe any

877
00:50:20,600 --> 00:50:22,300
taxes.
I think the IRS would agree with

878
00:50:22,300 --> 00:50:26,700
that assessment.
You only owe taxes when you have

879
00:50:27,300 --> 00:50:33,300
a gain and then on top of that,
state of Utah will not charge

880
00:50:33,300 --> 00:50:35,700
any special taxes.
Now, the state of Wyoming has

881
00:50:35,700 --> 00:50:38,600
probably the best and that's why
I'm so excited about the Wyoming

882
00:50:38,600 --> 00:50:40,700
goalie gold back coming out next
week.

883
00:50:41,000 --> 00:50:43,400
Is that Wyoming's law actually
says?

884
00:50:43,400 --> 00:50:46,200
No.
Taxes will be charged on gold or

885
00:50:46,200 --> 00:50:50,600
silver that all their will.
The the there should be no

886
00:50:50,600 --> 00:50:55,300
taxation whatsoever essentially.
And there's an argument to be

887
00:50:55,300 --> 00:50:58,200
made that, that gives it even
greater protections than the US

888
00:50:58,200 --> 00:51:02,000
dollar has if you use the
Wyoming gold back in Wyoming.

889
00:51:02,100 --> 00:51:06,900
But but yeah, so it's not that
hard and honestly people think I

890
00:51:06,900 --> 00:51:09,200
run into business owners.
Sometimes they say, well, why

891
00:51:09,200 --> 00:51:10,700
should I sign up for to do gold
back?

892
00:51:10,800 --> 00:51:12,700
It sounds like it's going to be
a real pain in the butt.

893
00:51:12,700 --> 00:51:14,900
I've got to worry about exchange
rates or counting.

894
00:51:15,000 --> 00:51:18,100
It sounds hard.
The good news is really not that

895
00:51:18,100 --> 00:51:20,900
hard.
The gold box can be accounted

896
00:51:20,900 --> 00:51:22,200
for in the same way that you
account.

897
00:51:22,200 --> 00:51:24,000
For coupons.
They can be accounted for in the

898
00:51:24,008 --> 00:51:27,400
same way you count for a gift
certificate.

899
00:51:27,500 --> 00:51:29,600
They can be accounted for the
same way you would account for

900
00:51:29,600 --> 00:51:33,500
cash, you might have to keep
them in a separate envelope and

901
00:51:33,500 --> 00:51:36,300
say, this is my gold back cash
account versus my Dollar Cash

902
00:51:36,300 --> 00:51:39,800
account.
But if you keep us any simple

903
00:51:39,800 --> 00:51:42,400
Ledger system, You're going to
be fine.

904
00:51:43,000 --> 00:51:46,000
And you know, it's perfectly
legal to use them.

905
00:51:46,000 --> 00:51:47,600
They're actually legal tender,
frankly.

906
00:51:47,600 --> 00:51:49,700
I think that, you know, most
people assume that that means

907
00:51:49,700 --> 00:51:54,400
that everyone has to take them.
The, I mean, I do think it

908
00:51:54,400 --> 00:51:58,200
technically means in a very
loose sense that everyone should

909
00:51:58,200 --> 00:52:01,400
accept them as payment, but, you
know, we're getting closer and

910
00:52:01,408 --> 00:52:04,400
closer to a digital economy and
a digital currency system.

911
00:52:05,000 --> 00:52:07,200
There's already a bunch of
places that don't take cash.

912
00:52:07,900 --> 00:52:10,500
This doesn't affect us Mormons
nearly so much, but I was so,

913
00:52:10,800 --> 00:52:17,400
Prize to see the news, Starbucks
Starbucks is going cashless.

914
00:52:17,700 --> 00:52:22,800
They're no longer going to
accept payment in cash, and they

915
00:52:22,800 --> 00:52:24,800
can do that.
Even though cash is legal

916
00:52:24,800 --> 00:52:29,200
tender, they can still choose
how they want to take payment.

917
00:52:29,400 --> 00:52:34,600
So so, you know, I worry a
little bit, I kind of Envision a

918
00:52:34,607 --> 00:52:38,800
future where there's sometimes
Central Bank digital currency or

919
00:52:38,800 --> 00:52:42,000
everybody goes to using digital.
Transactions in the danger with

920
00:52:42,000 --> 00:52:47,900
that is it's so manipulatable.
It's so controllable even if

921
00:52:48,000 --> 00:52:52,100
even if digital even if
everything digital was set up by

922
00:52:52,900 --> 00:52:56,400
a perfect Saint an absolute, you
know, philosopher king, who

923
00:52:56,400 --> 00:52:59,500
never wanted to do anyone harm,
who was the most benevolent

924
00:52:59,500 --> 00:53:01,300
being imaginable with their
powers.

925
00:53:01,900 --> 00:53:03,700
What do you do about the fact
that they're not going to be in

926
00:53:03,700 --> 00:53:08,700
power forever sooner or later?
I think you need a cash option.

927
00:53:08,700 --> 00:53:12,400
You need to be able to do Your
business, without anybody else

928
00:53:12,400 --> 00:53:15,100
being in your business.
Absolutely.

929
00:53:15,600 --> 00:53:18,800
And when you were describing
that per perfect King, I'm like,

930
00:53:18,800 --> 00:53:21,800
far, as I know Jesus hasn't come
back yet, right?

931
00:53:21,800 --> 00:53:24,600
So, we can rule that one out
right now, right?

932
00:53:24,700 --> 00:53:27,800
And, and, I know that, this
sounds a little bit crazy or

933
00:53:27,808 --> 00:53:31,100
paranoid of me, but even if
Jesus were our King and Jesus

934
00:53:31,100 --> 00:53:35,000
gave us a digital currency
system, we would still have to

935
00:53:35,000 --> 00:53:38,000
watch out for the fact that the
devil be loose for short season.

936
00:53:38,000 --> 00:53:41,200
After the Millennium, there will
still come a time or And then

937
00:53:41,200 --> 00:53:44,700
that wasn't good enough.
Right because right.

938
00:53:44,700 --> 00:53:47,900
Absolutely, you did bring up a
good point, right?

939
00:53:47,900 --> 00:53:53,000
Everything's going kind of to an
online model if you will, right.

940
00:53:53,000 --> 00:53:58,000
Is there any plans to take gold
backs to online stores or

941
00:53:58,000 --> 00:54:00,900
something like that?
Well, there are some ways you

942
00:54:00,900 --> 00:54:03,800
can do online transactions.
There is a organization called

943
00:54:03,800 --> 00:54:07,900
the United precious metals
Association or upma.

944
00:54:08,300 --> 00:54:11,900
And so yeah, if you go to like
upma dot-org, you can open up an

945
00:54:11,900 --> 00:54:14,600
account.
That's Gold backs and you can

946
00:54:14,600 --> 00:54:17,500
transfer those gold Backs from
one account to another, not just

947
00:54:17,500 --> 00:54:19,700
for yourself.
Like you can, you can use it

948
00:54:19,700 --> 00:54:22,100
like venmo essentially, and
transfer some of your gold axe

949
00:54:22,100 --> 00:54:24,400
to someone else.
So there's ways that you can do

950
00:54:24,400 --> 00:54:27,400
those transactions and I would
kind of like to see the

951
00:54:27,400 --> 00:54:30,700
blockchain used more effectively
for money and maybe have a

952
00:54:30,700 --> 00:54:33,700
blockchain did not Som some
blockchain token or whatever

953
00:54:33,900 --> 00:54:37,100
denominated in Gold backs or
even Bitcoin but denominated in

954
00:54:37,100 --> 00:54:39,000
Gold axe instead of being valued
in dollars.

955
00:54:41,400 --> 00:54:45,000
But I think the real Real value
of a gold back is the cash

956
00:54:45,000 --> 00:54:47,500
transaction because you're
exchanging real value for real

957
00:54:47,500 --> 00:54:49,600
value in the gold will actually
be in your hands that way.

958
00:54:50,100 --> 00:54:52,800
But know there are some
solutions out there already and

959
00:54:52,800 --> 00:54:56,100
the and I think that some of
those Solutions will be improved

960
00:54:56,100 --> 00:54:59,900
on with time to be able to do
digital transactions and go

961
00:54:59,900 --> 00:55:01,800
backs.
So you have an online business.

962
00:55:02,100 --> 00:55:04,100
You can actually be part of the
gold back Network and have an

963
00:55:04,100 --> 00:55:07,700
online-only business, where
people pay you in Gold backs.

964
00:55:07,700 --> 00:55:12,000
Digitally through like the upma
type system.

965
00:55:13,800 --> 00:55:18,100
But but yeah, I think the real
value comes in to the fact that

966
00:55:18,200 --> 00:55:22,300
if the if there's no electricity
you can still trade a gold back.

967
00:55:22,700 --> 00:55:24,800
If there's no Bank, you can
still try to Gold back.

968
00:55:25,100 --> 00:55:28,000
If there's a digital currency,
you can still trade a gold back

969
00:55:29,000 --> 00:55:33,000
because it's just value in hand.
So, that's what really where I

970
00:55:33,000 --> 00:55:34,900
think the strength of the
project lies.

971
00:55:35,400 --> 00:55:39,300
Absolutely, absolutely.
So now Ben, this is the part

972
00:55:39,300 --> 00:55:43,000
where I talked about early on
and you can see jump in here.

973
00:55:43,100 --> 00:55:47,900
If you think I'm heading down,
maybe I don't know on the wrong

974
00:55:47,900 --> 00:55:51,800
track so to speak.
But I told you at the beginning

975
00:55:51,800 --> 00:55:54,700
here of our conversation, that
that when you first told me

976
00:55:54,700 --> 00:55:57,200
about it, I have this feeling
like, okay, there's something

977
00:55:57,200 --> 00:55:58,900
there.
I don't know what it is, but

978
00:55:58,900 --> 00:56:03,700
there's something there and it
hit me one day as I was just

979
00:56:03,700 --> 00:56:08,300
watching at work because of my
position, I can kind of watch

980
00:56:08,300 --> 00:56:10,300
how money comes in and out,
right?

981
00:56:10,300 --> 00:56:14,400
And it's all just just, you
know, Ones and zeros

982
00:56:14,400 --> 00:56:18,800
essentially, right Captain it
goes out, make payroll all those

983
00:56:18,800 --> 00:56:24,600
things and I thought how do we
ever as a people spit ourselves

984
00:56:24,600 --> 00:56:30,100
out of this system and I just
mold on it and and that's

985
00:56:30,100 --> 00:56:33,400
probably part of my problem is I
tend to get to analytical and I

986
00:56:33,400 --> 00:56:35,800
tend to go down some rabbit
holes at times.

987
00:56:35,800 --> 00:56:40,700
But my my thought is that if we
as a people and I'm not just

988
00:56:40,700 --> 00:56:44,900
talking about one group of,
Fundamentalists or to

989
00:56:44,900 --> 00:56:48,600
Independence.
I'm talking about you know, us

990
00:56:48,600 --> 00:56:52,000
as fundamentalist or mainstream
LDS folks who are more

991
00:56:52,000 --> 00:56:55,000
traditional.
There's got to be a point at

992
00:56:55,000 --> 00:56:57,400
which we kind of come out of
Babylon.

993
00:56:57,400 --> 00:57:01,400
Right, where we say enough's
enough, let's spit ourselves out

994
00:57:01,400 --> 00:57:05,100
of the system and I think the
gold back could play a huge

995
00:57:05,100 --> 00:57:09,500
issue in that right there are.
If there's one thing I know

996
00:57:09,700 --> 00:57:12,800
about fundamentalists as I've
become better.

997
00:57:13,200 --> 00:57:16,100
It with them all.
It's that we tend to be a people

998
00:57:16,100 --> 00:57:19,800
who are diverse in.
What it is, we do really well.

999
00:57:20,000 --> 00:57:24,000
Right, some folks are really
good in agriculture, others are

1000
00:57:24,000 --> 00:57:30,000
good at building, but We're kind
of splintered were fractured in

1001
00:57:30,000 --> 00:57:33,100
a lot of ways.
Yeah, one of the ways I thought

1002
00:57:33,100 --> 00:57:37,100
we can we could start to spit
ourselves out of the system is

1003
00:57:37,100 --> 00:57:41,000
by doing business together with
a different currency.

1004
00:57:41,600 --> 00:57:44,200
Is that something that's
possible with gold back?

1005
00:57:45,000 --> 00:57:46,900
Oh, absolutely.
Absolutely.

1006
00:57:46,900 --> 00:57:52,000
In fact, you know, it's not a
Mormon fundamentalist project so

1007
00:57:52,000 --> 00:57:56,900
to speak and it's not even a
Mormon project, the gold back.

1008
00:57:56,900 --> 00:57:58,200
It's much bigger.
Bigger than that.

1009
00:57:58,500 --> 00:58:03,900
But I've found that to anybody
who has a sense of wanting to

1010
00:58:03,900 --> 00:58:07,400
think about things in a higher
way, a higher law seems to

1011
00:58:07,400 --> 00:58:10,100
really love the gold backs and
in fact we really put a lot of

1012
00:58:10,100 --> 00:58:14,100
intentionality in their designs.
So for example, each gold back

1013
00:58:14,100 --> 00:58:18,600
has the artwork on it right and
the artwork symbolically depicts

1014
00:58:18,600 --> 00:58:23,200
gospel principles and virtues.
In fact here I'll give you one.

1015
00:58:23,300 --> 00:58:26,800
I'll give you a hint that's
never been published yet.

1016
00:58:27,400 --> 00:58:32,700
If you look at the 10 gold back,
there's a there's clouds in the

1017
00:58:32,707 --> 00:58:37,600
sky and if you look at it
sideways, so you turn the 10 on

1018
00:58:37,600 --> 00:58:42,200
its side, you'll notice that the
outline of the clouds creates an

1019
00:58:42,200 --> 00:58:47,300
image of the Salt Lake Temple.
So there's there's like hidden

1020
00:58:47,300 --> 00:58:48,600
pictures, there's hidden
meanings.

1021
00:58:48,800 --> 00:58:54,000
And then each one of them has a
more obvious message to in Latin

1022
00:58:54,200 --> 00:58:57,300
is written the name of a virtue.
So for example.

1023
00:58:57,500 --> 00:59:03,200
The Utah series the one has
Prudence as the one and what is

1024
00:59:03,200 --> 00:59:05,100
that?
It's symbolically depicts her

1025
00:59:05,100 --> 00:59:10,200
virtues.
So Prudence has symbolic things,

1026
00:59:10,200 --> 00:59:14,200
like she holds a mirror for
self-reflection and so there's

1027
00:59:14,200 --> 00:59:16,300
all these symbolic things and
they're supposed to teach good

1028
00:59:16,300 --> 00:59:18,900
principles and and I think that
we really, when it comes down to

1029
00:59:18,900 --> 00:59:19,300
it.
Yeah.

1030
00:59:19,300 --> 00:59:24,000
If you want to be able to, you
know, hang on to your Liberties,

1031
00:59:24,200 --> 00:59:28,000
hang on to your freedom if you
want to be able to Have a system

1032
00:59:28,000 --> 00:59:30,100
that isn't going to be
controlled or manipulated or

1033
00:59:30,100 --> 00:59:32,900
taken away from you, you have to
have an alternative energy

1034
00:59:33,000 --> 00:59:36,300
infrastructure, you have to have
your own your own Market, your

1035
00:59:36,300 --> 00:59:39,900
own systems, otherwise you're
just dependent upon whatever the

1036
00:59:39,900 --> 00:59:43,100
globalists are doing, right?
Because that's the only way

1037
00:59:43,100 --> 00:59:44,300
you're going to get your food or
something.

1038
00:59:44,800 --> 00:59:49,000
Absolutely.
You know I find there's a

1039
00:59:49,000 --> 00:59:55,000
there's a word that was used a
lot in the 60s and 70s that I

1040
00:59:55,000 --> 01:00:00,100
think could apply to two Tons of
all Stripes really well, and

1041
01:00:00,100 --> 01:00:03,200
that that words counterculture,
right?

1042
01:00:03,600 --> 01:00:07,300
We tend to think of the word
counterculture and we met we

1043
01:00:07,300 --> 01:00:10,200
instantly go to Haight-Ashbury
with some hippies sitting in the

1044
01:00:10,200 --> 01:00:14,300
park smoking some, you know,
smoking a joint, and yeah, the

1045
01:00:14,308 --> 01:00:16,100
drums, right?
Right.

1046
01:00:16,500 --> 01:00:20,700
But realistically even the
founders had set up the kind of

1047
01:00:20,700 --> 01:00:25,300
a counterculture before before
things kind of went off the

1048
01:00:25,300 --> 01:00:28,300
rails.
And we were when You know Into

1049
01:00:28,300 --> 01:00:33,200
Revolution and so I think I
think we replace now Ben and

1050
01:00:33,200 --> 01:00:35,500
again, correct me if I'm wrong.
I think we have to start

1051
01:00:35,500 --> 01:00:39,700
thinking of ourselves as more of
a counterculture, right?

1052
01:00:39,700 --> 01:00:42,700
And that means that we're going
to have to start adopting, not

1053
01:00:42,700 --> 01:00:46,700
just social norms and our our
own vernacular which we already

1054
01:00:46,700 --> 01:00:48,300
have.
But we're going to have to start

1055
01:00:48,300 --> 01:00:52,300
maybe looking at trying to do
business with each other, right?

1056
01:00:52,400 --> 01:00:56,000
Get out of the world and start.
We need to build local Supply.

1057
01:00:56,000 --> 01:00:58,600
Chains.
We need to do Business with

1058
01:00:58,600 --> 01:01:01,900
other good God-fearing
freedom-loving, people.

1059
01:01:03,100 --> 01:01:05,600
You know, if we're going and
that's the only way that we can

1060
01:01:05,600 --> 01:01:08,300
really support each other and
there's nothing wrong with that

1061
01:01:08,300 --> 01:01:11,000
being economic, right?
It's a good thing for us to

1062
01:01:11,000 --> 01:01:14,100
support each other's businesses.
Let's be let's build these

1063
01:01:14,100 --> 01:01:16,900
networks and that's really what.
Yeah, that's that's exactly what

1064
01:01:16,900 --> 01:01:19,500
go back is all about.
We are building local community,

1065
01:01:19,500 --> 01:01:25,500
networks of local Supply chains
so that, you know, people can

1066
01:01:25,600 --> 01:01:27,200
small businesses can actually
process.

1067
01:01:27,300 --> 01:01:30,300
A Spur, you know, a lot of times
when people, when I just want to

1068
01:01:30,308 --> 01:01:31,700
go back, they'll say, so this is
money.

1069
01:01:31,700 --> 01:01:33,100
I'll be like, yes, it's legal
tender.

1070
01:01:33,400 --> 01:01:36,000
And then they'll say, well, can
I spend it at Walmart or take it

1071
01:01:36,000 --> 01:01:39,200
to the bank or like two of the
most common first question since

1072
01:01:39,200 --> 01:01:43,700
like, no, actually, you can do
almost anything you'd ever think

1073
01:01:43,700 --> 01:01:46,100
of doing with money, except
those two things, why?

1074
01:01:46,800 --> 01:01:49,400
Because the banks are shipping
our money outside of our

1075
01:01:49,400 --> 01:01:52,700
community.
And Walmart is part of a global

1076
01:01:52,700 --> 01:01:55,700
supply chain shipping money
outside of our communities.

1077
01:01:56,300 --> 01:02:01,500
Gold backs are Early used by
local Mom and Pops by people who

1078
01:02:01,500 --> 01:02:05,100
have a local interest in the
local economy who live here and

1079
01:02:05,100 --> 01:02:07,900
work here, right?
And that's kind of where the

1080
01:02:07,900 --> 01:02:09,800
local currencies get their
starts.

1081
01:02:09,800 --> 01:02:12,400
Any of them including the other
local currency projects that

1082
01:02:12,400 --> 01:02:15,900
exist in the past.
And that's really part of the

1083
01:02:15,900 --> 01:02:20,400
point is to strengthen the
people that, you know, and make

1084
01:02:20,400 --> 01:02:25,400
that local economy vibrant and
yet on the and of course, you

1085
01:02:25,400 --> 01:02:27,200
know, the gold box, just have
the added benefit.

1086
01:02:27,300 --> 01:02:29,800
It of being made out of gold
means that you're you're not

1087
01:02:29,800 --> 01:02:32,600
taking the same risk.
You would normally be taking on

1088
01:02:32,900 --> 01:02:37,400
accepting a local currency or a
new currency because you know,

1089
01:02:37,400 --> 01:02:40,800
the gold box cannot be inflated
because they're gold.

1090
01:02:40,800 --> 01:02:44,600
The gold is real and it's not
just going to disappear on you

1091
01:02:44,800 --> 01:02:46,200
and it's gonna be worth
something the matter what

1092
01:02:46,200 --> 01:02:48,800
happens.
I mean you know a thousand years

1093
01:02:48,800 --> 01:02:50,900
ago the English language didn't
even exist, most people don't

1094
01:02:50,900 --> 01:02:54,300
realize that English language
didn't exist a thousand years

1095
01:02:54,300 --> 01:02:58,300
ago not in the present form but
you know what did exist gold is

1096
01:02:58,300 --> 01:03:03,900
money, thousand years before
that people are speaking Latin

1097
01:03:04,100 --> 01:03:06,800
and gold was money and the
thousand years before that and a

1098
01:03:06,808 --> 01:03:11,000
thousand years before that and a
thousand years before that all

1099
01:03:11,000 --> 01:03:13,900
the way back to the beginnings
of civilization in Mesopotamia

1100
01:03:13,900 --> 01:03:16,700
and ancient Egypt, people were
trading gold, gold was still

1101
01:03:16,700 --> 01:03:19,700
money and I bet you in a
thousand years gold will still

1102
01:03:19,700 --> 01:03:22,900
be money.
Absolutely.

1103
01:03:24,100 --> 01:03:25,800
And I think your pet can give
you a confidence.

1104
01:03:25,800 --> 01:03:27,200
Right there.
There's a history there.

1105
01:03:28,100 --> 01:03:30,100
It's reliable.
Absolutely.

1106
01:03:30,400 --> 01:03:32,900
I think you bring up a really
good point about the supply

1107
01:03:32,900 --> 01:03:35,700
chain, right?
It wasn't more than a couple

1108
01:03:35,700 --> 01:03:39,800
years ago, where you couldn't
find anything on the shelves,

1109
01:03:40,100 --> 01:03:43,100
right before.
And during covid right there are

1110
01:03:43,107 --> 01:03:46,400
part of that problem was and
we're still experiencing that

1111
01:03:46,400 --> 01:03:48,500
today, right?
It was just a couple months ago

1112
01:03:48,500 --> 01:03:51,800
that you couldn't get baby
formula, right?

1113
01:03:51,900 --> 01:03:52,900
NYU.
Right?

1114
01:03:53,100 --> 01:03:58,600
That's because we have built.
I kind of talked with Kelsey

1115
01:03:58,600 --> 01:04:03,300
Williams about this off are.
But uh, I think we have built a

1116
01:04:03,400 --> 01:04:07,000
in economic Tower of Babel,
right.

1117
01:04:07,300 --> 01:04:10,700
And what we're seeing now is
that it's too big and it's

1118
01:04:10,700 --> 01:04:16,500
coming down and we saw that in
Earnest during covid, right?

1119
01:04:16,500 --> 01:04:22,700
We saw that in Earnest after
covid that if If we're that

1120
01:04:22,700 --> 01:04:29,500
massive, it's really hard to
get, get the the goods that we

1121
01:04:29,500 --> 01:04:32,800
need.
We go back to all those shipping

1122
01:04:32,800 --> 01:04:35,400
all those shipping ports, right,
right.

1123
01:04:35,400 --> 01:04:38,900
And part of the problem was is
that no one stored anything, it

1124
01:04:38,900 --> 01:04:43,200
was one of those things where we
have right system to where you

1125
01:04:43,200 --> 01:04:46,500
ordered it and it came in
quickly and it's all well and

1126
01:04:46,500 --> 01:04:49,200
good, right?
When it's all about so long as

1127
01:04:49,200 --> 01:04:51,700
it's working like perfect clock,
right?

1128
01:04:51,800 --> 01:04:54,500
Call that just just-in-time
supply chain.

1129
01:04:55,000 --> 01:04:57,900
Exactly.
And it's all well and good.

1130
01:04:57,900 --> 01:05:00,600
Unless there's a Black Swan
event, right?

1131
01:05:00,600 --> 01:05:04,400
Unless there's a pandemic,
unless there's war and which

1132
01:05:04,400 --> 01:05:07,600
power or unless, unless there's
a rail workers strike, like

1133
01:05:07,600 --> 01:05:10,500
there is right now.
Right.

1134
01:05:10,500 --> 01:05:14,600
Absolutely.
And so, let's just take covid.

1135
01:05:14,600 --> 01:05:18,600
For example, they didn't shut
Walmart down, they didn't shut

1136
01:05:18,600 --> 01:05:22,000
big Grocers down.
They went after the little Guy

1137
01:05:22,000 --> 01:05:24,600
to shut them down.
Why was that?

1138
01:05:25,300 --> 01:05:30,100
Well, that was because they're
there was no alternative right

1139
01:05:30,100 --> 01:05:31,400
right.
And that's and that's why the

1140
01:05:31,400 --> 01:05:36,000
big guys like Jeff Bezos and
Amazon and Walmart and all those

1141
01:05:36,000 --> 01:05:42,800
guys got super super rich in in
2021 because all the competition

1142
01:05:42,800 --> 01:05:45,300
was gone.
You had to depend on their big

1143
01:05:45,300 --> 01:05:48,300
Global Supply Chain because
they'd wiped out so many local

1144
01:05:48,300 --> 01:05:50,900
Supply chains.
Right.

1145
01:05:50,900 --> 01:05:55,400
And everybody was, you know,
while the gold back was around

1146
01:05:55,400 --> 01:05:59,500
it wasn't around like we're
starting to see it now well and

1147
01:05:59,500 --> 01:06:02,000
it is still small.
In fact let me give you a let me

1148
01:06:02,000 --> 01:06:05,900
give you an idea of scale here
in 2019.

1149
01:06:05,900 --> 01:06:07,300
The gold back.
Was launched there was probably

1150
01:06:07,300 --> 01:06:08,900
only about a hundred thousand
dollars worth of it.

1151
01:06:09,400 --> 01:06:14,700
I'm in circulation at first 2020
of course now we're already

1152
01:06:14,700 --> 01:06:17,800
talking pandemic right?
Gold back still grew anyway

1153
01:06:18,300 --> 01:06:24,000
exponentially we got to Point
where by 2021.

1154
01:06:25,200 --> 01:06:28,500
We were doing hundreds of
thousands of dollars a month up

1155
01:06:28,500 --> 01:06:32,000
to a million dollars, a month in
sales of gold backs or I should

1156
01:06:32,000 --> 01:06:33,800
say, not necessarily sales,
right?

1157
01:06:33,800 --> 01:06:37,300
But people exchanging, that many
more dollars into the gold backs

1158
01:06:37,300 --> 01:06:41,600
into the go back system, we have
been in the place.

1159
01:06:41,600 --> 01:06:47,100
Now for six, seven months now
eight months where we have been

1160
01:06:47,100 --> 01:06:50,200
doing well in excess of a
million sometimes as much as

1161
01:06:50,200 --> 01:06:54,700
four million dollars in one
month of new gold backs.

1162
01:06:54,800 --> 01:06:58,800
Going into circulation and we've
gone from one state just Utah.

1163
01:06:58,800 --> 01:07:02,800
24 States.
Now where it's not only legal,

1164
01:07:02,900 --> 01:07:06,800
not only is it legal tender by
state law but and therefore, we

1165
01:07:06,800 --> 01:07:09,400
have those tax advantages, but
we actually have business

1166
01:07:09,400 --> 01:07:11,900
networks in those states
starting to function.

1167
01:07:12,400 --> 01:07:15,000
So, yeah.
It's like a snowball, right?

1168
01:07:15,000 --> 01:07:18,200
It's a very small at first but
it's getting bigger

1169
01:07:18,200 --> 01:07:24,100
exponentially.
And so now right now where we're

1170
01:07:24,100 --> 01:07:26,600
doing millions and millions of
dollars every month, you know

1171
01:07:26,600 --> 01:07:29,500
what, we're still actually
pretty small snowball there's

1172
01:07:29,500 --> 01:07:32,800
probably only about 20 million
dollars worth of gold backs and

1173
01:07:32,800 --> 01:07:39,000
circulation maybe a little bit
more than that now may be as

1174
01:07:39,000 --> 01:07:43,200
much as 30 million but it
depends on on the calculations

1175
01:07:43,300 --> 01:07:46,600
anyway, that's my estimate.
But you know what?

1176
01:07:46,600 --> 01:07:49,400
Even 30 million dollars is a
very small part of the overall

1177
01:07:49,400 --> 01:07:51,000
us.
Right?

1178
01:07:51,500 --> 01:07:55,200
That's not enough money to
circulate all the transactions

1179
01:07:55,200 --> 01:07:59,300
in yet.
But again you know if we keep

1180
01:07:59,300 --> 01:08:03,200
growing at the same rate will
be, can double that in a year

1181
01:08:03,300 --> 01:08:06,600
and then we'll double what we
doubled in another year and so

1182
01:08:06,700 --> 01:08:09,400
it really is starting to take
off but because we can't print

1183
01:08:09,400 --> 01:08:12,000
our currency out of thin air.
We have to make it out of gold.

1184
01:08:12,900 --> 01:08:16,500
We can only make it grow as fast
as we can manufacture and we're

1185
01:08:16,500 --> 01:08:19,899
actually working on that.
The manufacturing capacity has

1186
01:08:19,899 --> 01:08:22,800
been been increasing over these
past couple of years and I hope

1187
01:08:22,800 --> 01:08:24,800
that we can make it grow
exponentially over the next few.

1188
01:08:26,600 --> 01:08:31,100
That would be awesome because
again, I'm I'm more worried

1189
01:08:31,100 --> 01:08:36,200
about that local supply chain
but my angle on this is local

1190
01:08:36,200 --> 01:08:40,200
supply chain and doing business
with like-minded people because

1191
01:08:40,200 --> 01:08:45,100
that's really all we got, right?
I think I think the idea of a

1192
01:08:45,100 --> 01:08:47,899
quote physical Revolution.
Again, that's out the window.

1193
01:08:48,399 --> 01:08:51,300
The the, I think, the best we
can do at this point is start

1194
01:08:51,300 --> 01:08:54,300
thinking, in terms of a
counterculture where we do

1195
01:08:54,300 --> 01:08:56,000
business with like-minded
people.

1196
01:08:56,600 --> 01:09:01,200
Then we get goods and services
locally, right?

1197
01:09:01,300 --> 01:09:03,899
And well and like you said, it's
hard to fix a problem.

1198
01:09:04,000 --> 01:09:05,800
It's hard for the people who
created the problem to fix the

1199
01:09:05,808 --> 01:09:07,800
problem.
We're at the point.

1200
01:09:07,800 --> 01:09:13,600
Now we're in this post globalist
World, almost that the globalism

1201
01:09:13,600 --> 01:09:16,399
came with certain came with
certain liabilities certain

1202
01:09:16,399 --> 01:09:19,100
danger.
Certain problems globalism isn't

1203
01:09:19,100 --> 01:09:20,800
going to get us out of those
problems.

1204
01:09:20,800 --> 01:09:23,399
What we need is stronger
communities, strong, local

1205
01:09:23,399 --> 01:09:27,100
communities, and the global
system can You to function.

1206
01:09:27,100 --> 01:09:29,600
I hope it does.
In many ways when it comes to

1207
01:09:30,100 --> 01:09:32,899
having a global supply chain.
I like being able to have

1208
01:09:33,300 --> 01:09:36,600
bananas in the grocery store
even though they don't grow here

1209
01:09:36,600 --> 01:09:42,100
in Utah, things like that, but,
but it's got to go beyond that.

1210
01:09:42,100 --> 01:09:45,000
We've got to have strong and
robust local economies.

1211
01:09:45,200 --> 01:09:48,899
And when we do that, we actually
protect our freedoms and we

1212
01:09:48,899 --> 01:09:54,100
actually help our local
communities to thrive because

1213
01:09:54,400 --> 01:09:58,800
local money has much Bigger
effect on the local economy

1214
01:09:59,300 --> 01:10:00,900
because it just doesn't get
shipped away.

1215
01:10:00,900 --> 01:10:03,000
It doesn't go to Wall Street,
doesn't go to China.

1216
01:10:03,500 --> 01:10:05,500
Local that local value stays
local.

1217
01:10:08,100 --> 01:10:14,400
Absolutely and staying local
gives I yearn for the days that

1218
01:10:14,400 --> 01:10:17,900
I never saw been right, where,
where my grandfather talked

1219
01:10:17,900 --> 01:10:22,500
about going to the butcher,
going to the grocer, going to

1220
01:10:22,500 --> 01:10:26,200
the local hardware store.
I hate going to Home Depot.

1221
01:10:26,400 --> 01:10:29,500
Right, I just hate it.
Well yeah, well here's here's

1222
01:10:29,500 --> 01:10:33,500
the good news since you.
And I both live in Utah, County

1223
01:10:34,300 --> 01:10:39,600
Ace Hardware takes gold backs,
so don't go to Home Depot, go to

1224
01:10:39,600 --> 01:10:46,500
Ace and paying well, thanks,
absolutely perfect.

1225
01:10:46,600 --> 01:10:51,000
Okay, so now, let's talk about
folks who have heard this.

1226
01:10:51,000 --> 01:10:53,400
They're like, yeah, that's,
that's my jam.

1227
01:10:53,400 --> 01:10:56,200
That's what I want to get to.
How do they get a hold?

1228
01:10:56,300 --> 01:11:00,200
Hold of you or what's the
process to get set up in Gold

1229
01:11:00,200 --> 01:11:02,600
backs.
So I'm going to send you some

1230
01:11:02,600 --> 01:11:05,800
links so that you guys can find
them.

1231
01:11:05,900 --> 01:11:09,200
The most obvious one, of course
is gold, back.com, lots of info

1232
01:11:09,200 --> 01:11:12,000
there.
But, you know, you can buy go

1233
01:11:12,000 --> 01:11:16,300
back from any major gold seller
anywhere in the world, including

1234
01:11:16,300 --> 01:11:18,200
online.
So, there's lots of ways you can

1235
01:11:18,200 --> 01:11:20,400
get them.
If you want to get some

1236
01:11:20,400 --> 01:11:22,300
additional Services, you should
probably join the United

1237
01:11:22,300 --> 01:11:26,400
precious metals Association.
There's, there's a bunch of So

1238
01:11:26,400 --> 01:11:28,600
that if you want to be able to
do things like digital

1239
01:11:28,600 --> 01:11:32,500
transactions, right.
But yeah, there's a lot of ways

1240
01:11:32,500 --> 01:11:35,500
you can get involved and even
just on gold back.com.

1241
01:11:36,000 --> 01:11:38,500
If you've got a business, you
can sign up that business.

1242
01:11:39,000 --> 01:11:41,100
And it says, how'd you hear
about us, right?

1243
01:11:41,100 --> 01:11:43,400
Right.
The Mormon Renegade, right?

1244
01:11:43,400 --> 01:11:46,600
And that line and then tell us
about your business.

1245
01:11:46,600 --> 01:11:49,400
See if you can't become part of
the business Network and then,

1246
01:11:49,400 --> 01:11:52,200
of course, we can support those
businesses with things like

1247
01:11:52,200 --> 01:11:54,800
currency exchange.
So that for example, if they are

1248
01:11:54,800 --> 01:11:57,000
worried about some Bill and they
Want to turn some of the gold

1249
01:11:57,000 --> 01:11:59,500
backs into Dollars.
We will do that as a service for

1250
01:11:59,500 --> 01:12:03,700
those businesses and so that,
you know, so that they don't

1251
01:12:03,700 --> 01:12:05,400
have to face any liquidity
issues from it.

1252
01:12:05,400 --> 01:12:08,000
We can also help with best
practices on accounting and all

1253
01:12:08,000 --> 01:12:11,500
kinds of stuff.
So yeah, those are some good

1254
01:12:11,500 --> 01:12:15,600
ways to get involved.
You go to any of your local gold

1255
01:12:15,600 --> 01:12:19,200
dealers, and ask them for gold
backs by gold Backs from them,

1256
01:12:20,600 --> 01:12:23,000
that'll that help strengthen the
whole network to.

1257
01:12:23,600 --> 01:12:27,300
And so, really, I think that the
good news is Is that I want to

1258
01:12:27,300 --> 01:12:30,400
point something to you.
I want to say, I want to say

1259
01:12:30,400 --> 01:12:32,700
that everybody hears this
radical action.

1260
01:12:32,700 --> 01:12:34,600
You can take, that's going to
change the world.

1261
01:12:35,600 --> 01:12:37,600
The good news is you don't
actually have to take some

1262
01:12:37,600 --> 01:12:39,900
radical action.
All you've got to do is do what

1263
01:12:39,900 --> 01:12:43,200
you're already doing, which is
by spending money, and adding

1264
01:12:43,200 --> 01:12:45,100
value to the community by doing
whatever you do.

1265
01:12:45,900 --> 01:12:48,100
The only difference is is start
doing and gold backs instead of

1266
01:12:48,108 --> 01:12:51,400
dollars stop voting.
You know, they say you vote with

1267
01:12:51,400 --> 01:12:54,700
your wallet and your or you vote
with your feet, what you

1268
01:12:54,700 --> 01:12:56,100
participate in is what you're
indoors.

1269
01:12:56,200 --> 01:12:59,600
Icing, if you want to endorse
holdbacks you've got to vote

1270
01:12:59,600 --> 01:13:01,900
with your wallet and just get
some gold backs in your wallet

1271
01:13:01,900 --> 01:13:07,400
and spend them and and accept
them at your businesses and then

1272
01:13:07,400 --> 01:13:09,600
it grows, right?
And so the nice thing is you

1273
01:13:09,600 --> 01:13:15,300
don't actually have to change
your your habits really much at

1274
01:13:15,300 --> 01:13:17,000
all.
You just have to start spending

1275
01:13:17,000 --> 01:13:20,500
sound money instead of spending
Fiat money and it builds the

1276
01:13:20,500 --> 01:13:23,500
whole project.
And and really I do think you

1277
01:13:23,500 --> 01:13:26,400
know you're talking about the
long-term, how do we Out of

1278
01:13:26,407 --> 01:13:28,500
Babylon.
What's Zion going to look like?

1279
01:13:28,500 --> 01:13:30,500
And how did we get from point A
to point B?

1280
01:13:30,600 --> 01:13:35,700
How do we get from being the
Servants of Babylon to being a

1281
01:13:35,700 --> 01:13:39,200
millennial World?
Well, it's not all at once and

1282
01:13:39,200 --> 01:13:41,100
it's not going to be handed to
us on a silver platter.

1283
01:13:41,700 --> 01:13:48,100
We don't, we don't get given
Zion, we have to build Sion and

1284
01:13:49,300 --> 01:13:52,300
We're not just going to be
Sanctified and began to design

1285
01:13:52,300 --> 01:13:54,400
on a silver.
Platter will become Sanctified

1286
01:13:54,400 --> 01:13:58,400
by working toward Zion, right?
And so part of that is just

1287
01:13:58,400 --> 01:14:01,100
being more honest, having more
accountability in our systems

1288
01:14:01,300 --> 01:14:06,200
having more real, real money in
the way we do our business

1289
01:14:06,200 --> 01:14:08,100
already.
Well, it keeps everyone on more

1290
01:14:08,100 --> 01:14:09,800
honest.
Frankly.

1291
01:14:09,800 --> 01:14:12,600
It just it makes everything more
honest and firm.

1292
01:14:13,600 --> 01:14:17,700
So yeah, just that's all you
really need to do is just start

1293
01:14:17,700 --> 01:14:21,300
trying to use these instead.
And it makes it will eventually,

1294
01:14:21,300 --> 01:14:25,200
I believe overtake, because
there are so many advantages to

1295
01:14:25,200 --> 01:14:28,800
using the gold box that pretty
sooner or later, people are

1296
01:14:28,808 --> 01:14:30,300
going to say, why would I want
dollars?

1297
01:14:33,200 --> 01:14:38,800
In fact, I think that now been
so.

1298
01:14:38,800 --> 01:14:41,100
Yeah, next time, someone's going
to pay you on a job, Tom, you

1299
01:14:41,100 --> 01:14:43,300
know, it'd be nice to be pay me
in Gold backs.

1300
01:14:45,700 --> 01:14:47,900
I wish I had that sort of say
it.

1301
01:14:49,200 --> 01:14:51,900
Those links you're going to send
me, does it give a list of

1302
01:14:51,900 --> 01:14:54,000
businesses that are already
taking gold back?

1303
01:14:54,000 --> 01:14:55,600
So, people are like, you know
what?

1304
01:14:55,600 --> 01:14:58,300
Yeah, I want gold backs and I
want to make sure I'm only doing

1305
01:14:58,300 --> 01:15:01,300
business with people who have
who do business and get back.

1306
01:15:01,700 --> 01:15:05,000
Yes, there is.
I'll go back to a calm, there's

1307
01:15:05,000 --> 01:15:08,300
a list, and there's a map and
it's searchable or you can just

1308
01:15:08,300 --> 01:15:11,300
do it alphabetically or you can
do it, a bunch of different ways

1309
01:15:11,300 --> 01:15:13,500
to organize that list in order
to look through it, and find

1310
01:15:13,500 --> 01:15:15,300
what you're looking for.
Find what you want to buy.

1311
01:15:15,600 --> 01:15:19,300
We're actually getting, we're
not quite there in my Onion.

1312
01:15:19,600 --> 01:15:22,400
But we are actually starting to
see the light at the end of this

1313
01:15:22,400 --> 01:15:25,300
tunnel where we might get to the
point where you don't need

1314
01:15:25,300 --> 01:15:27,500
dollars and you could just do
all your business and gold

1315
01:15:27,500 --> 01:15:29,500
backs.
We don't yet have enough of a

1316
01:15:29,508 --> 01:15:33,400
diversity of providers of every
good and every service you could

1317
01:15:33,400 --> 01:15:36,400
want that you could do that yet.
But we're getting darn close.

1318
01:15:36,700 --> 01:15:40,800
We're already at the point where
I probably spend, I don't know,

1319
01:15:41,500 --> 01:15:43,500
I'd probably spend half the
money I spend.

1320
01:15:43,500 --> 01:15:45,400
I spend in Gold backs, something
like that.

1321
01:15:47,600 --> 01:15:51,600
That's, that's crazy to think
it's come that far that fast

1322
01:15:51,700 --> 01:15:54,000
rhyming, right?
And it's, and it's just growing

1323
01:15:54,000 --> 01:15:58,300
so fast, I think that we may get
to the point where, you know,

1324
01:15:58,300 --> 01:16:03,400
you just just use gold box, you
don't need anything else and

1325
01:16:03,400 --> 01:16:05,400
that, that will be a great day
if we can get there.

1326
01:16:05,900 --> 01:16:09,200
Absolutely, that would?
Because again, it just seems

1327
01:16:09,200 --> 01:16:13,500
like it's built for that local
community, that local supply

1328
01:16:13,500 --> 01:16:16,200
chain.
And if we can get there, I think

1329
01:16:17,000 --> 01:16:19,700
Think not only will we feel
better about doing it that way,

1330
01:16:19,700 --> 01:16:22,700
I think will be healthier
communities, right?

1331
01:16:22,700 --> 01:16:25,500
And that's one thing I think
we're all striving for.

1332
01:16:26,000 --> 01:16:31,500
I think, I think we miss, we've
missed what real capitalism is

1333
01:16:31,500 --> 01:16:35,400
about, right?
I had a good friend whose dad

1334
01:16:35,400 --> 01:16:39,500
was a rabbi, and he used to say,
if you don't start your business

1335
01:16:39,500 --> 01:16:43,100
every day with a prayer, you're
not really a capitalist.

1336
01:16:43,100 --> 01:16:47,600
He's like is given to service.
Right?

1337
01:16:47,600 --> 01:16:52,000
You're providing a good or
service for exchange and, and in

1338
01:16:52,000 --> 01:16:55,100
some ways I feel like we've
really lost that with, with a

1339
01:16:55,108 --> 01:16:58,100
big box stores with buying from
overseas.

1340
01:16:58,600 --> 01:17:03,000
We've just missed the point.
And I think that's part of what

1341
01:17:03,000 --> 01:17:05,400
is happening now.
Is that everything seems just a

1342
01:17:05,407 --> 01:17:09,300
little Halo and this seems like
just one more way where we can

1343
01:17:09,600 --> 01:17:14,900
kind of help to restore
something that's real back to

1344
01:17:14,900 --> 01:17:16,200
the system.
Yeah.

1345
01:17:16,200 --> 01:17:22,000
Gives it a Touch, you know when
you're dealing with Amazon you

1346
01:17:22,000 --> 01:17:24,600
and Jeff Bezos aren't making
friends, you're not serving each

1347
01:17:24,600 --> 01:17:27,900
other, you're just getting
something in exchange for

1348
01:17:27,900 --> 01:17:31,300
something else and and even
money's become so gamified, you

1349
01:17:31,300 --> 01:17:34,400
know, it's all it's on our
phones, it's on our bank

1350
01:17:34,400 --> 01:17:35,800
accounts.
It's in our, these little

1351
01:17:35,800 --> 01:17:40,900
plastic cards we carry around.
It's hard to even comprehend any

1352
01:17:40,900 --> 01:17:45,000
more in this simplistic way that
we need to exchange things of

1353
01:17:45,000 --> 01:17:47,400
real value.
For other things, things of real

1354
01:17:47,400 --> 01:17:50,600
value with people, right?
And then it has to mean

1355
01:17:50,600 --> 01:17:53,500
something to those people
because money isn't just

1356
01:17:53,500 --> 01:17:55,200
numbers.
Money is supposed to.

1357
01:17:56,200 --> 01:17:58,300
Those numbers are supposed to
represent, the real value that

1358
01:17:58,300 --> 01:18:02,700
we create in the world, and that
we give to one another, right?

1359
01:18:02,700 --> 01:18:05,700
And, and, and so, most people
just don't even really

1360
01:18:05,700 --> 01:18:09,600
comprehend what money really is
anymore.

1361
01:18:09,600 --> 01:18:12,200
I think for that reason, you
know, they just see it as a

1362
01:18:12,208 --> 01:18:15,700
numbers game, essentially,
because it's become so

1363
01:18:16,200 --> 01:18:17,800
impersonal.
Theoretical.

1364
01:18:17,800 --> 01:18:22,500
It's not real and it isn't.
It is a game write it.

1365
01:18:22,700 --> 01:18:26,300
It's absolutely a game.
And and what we used to value in

1366
01:18:26,300 --> 01:18:32,600
time and an effort, just seems
like, I don't know, like a

1367
01:18:32,600 --> 01:18:34,900
really good game of Candy Crush
now, right?

1368
01:18:34,900 --> 01:18:39,300
Where you're just rammed right
points to level up one level and

1369
01:18:39,300 --> 01:18:41,800
so then you get brag to your
friends that you have more

1370
01:18:41,800 --> 01:18:45,900
points than everybody else.
But what are those points?

1371
01:18:45,900 --> 01:18:48,300
It's just yeah.
Yeah, it's also a femoral,

1372
01:18:48,300 --> 01:18:50,100
right?
It's not real.

1373
01:18:51,300 --> 01:18:55,000
Absolutely Ben, is there
anything that we didn't talk

1374
01:18:55,000 --> 01:18:58,500
about that you wanted to touch
on, you know, I hope that I gave

1375
01:18:58,500 --> 01:19:02,600
the The Listener, a good sense
for to go back even is, I don't

1376
01:19:02,600 --> 01:19:05,600
know that we kind of jumped into
just talking about them as

1377
01:19:05,600 --> 01:19:09,800
though we didn't really
introduce them clearly.

1378
01:19:09,800 --> 01:19:12,300
I think what.
Let's go ahead and do that now.

1379
01:19:14,800 --> 01:19:18,600
But yeah, I guess it starts with
what the problem is, what is

1380
01:19:18,600 --> 01:19:24,500
money.
Money is some is something real.

1381
01:19:24,500 --> 01:19:28,400
It has to be a be something of
real value that we exchanged for

1382
01:19:28,400 --> 01:19:30,900
other things of real value.
And so when it really comes down

1383
01:19:30,900 --> 01:19:34,900
to it, money is the good we do
in the world.

1384
01:19:36,600 --> 01:19:40,700
And then we need a way of having
money that isn't manipulated we

1385
01:19:40,700 --> 01:19:43,200
touched on that to one of the
things.

1386
01:19:43,400 --> 01:19:46,400
Got me worried is like the
trucker's protests up in Canada.

1387
01:19:47,000 --> 01:19:50,400
All those truckers had their
assets, seized extrajudicially.

1388
01:19:50,400 --> 01:19:52,600
In other words, no judge was
involved.

1389
01:19:52,600 --> 01:19:56,500
No legal process, they just
seize their assets without any

1390
01:19:56,500 --> 01:20:01,700
rule of law.
That's terrifying to me because

1391
01:20:01,700 --> 01:20:03,500
that could happen.
More and more in which case than

1392
01:20:03,600 --> 01:20:07,800
what you have isn't money.
It's social credit money, has to

1393
01:20:07,808 --> 01:20:10,500
be something that you can own.
That's what you're right to

1394
01:20:10,500 --> 01:20:15,000
property is And so we were
looking at these problems and

1395
01:20:15,000 --> 01:20:16,400
saying there's got to be a
solution.

1396
01:20:17,300 --> 01:20:20,500
We've got people, lots of people
out there have been saying for a

1397
01:20:20,508 --> 01:20:26,200
long time, like Mike Maloney,
like like this Kelsey Williams.

1398
01:20:26,200 --> 01:20:29,100
Is it that?
I just listened to on the Mormon

1399
01:20:29,100 --> 01:20:31,100
Renegade.
Yep, a lot of people saying for

1400
01:20:31,100 --> 01:20:33,200
a long time.
Gold is money, gold as money,

1401
01:20:33,900 --> 01:20:36,000
but gold was never useful as
money.

1402
01:20:36,200 --> 01:20:39,700
It was just too hard to use.
So we thought, how can we break

1403
01:20:39,700 --> 01:20:41,900
it down?
And make it fungible fungible?

1404
01:20:42,100 --> 01:20:45,000
Interchangeable.
And that's why we invented the

1405
01:20:45,008 --> 01:20:50,800
gold back so, yeah, I guess that
really what is the introduction

1406
01:20:50,800 --> 01:20:54,200
to Gold back?
Is the very simple idea that

1407
01:20:54,200 --> 01:21:00,600
gold is real money and it is now
available in a usable form, a

1408
01:21:00,608 --> 01:21:03,000
more usable format, it's ever
been available in the history of

1409
01:21:03,000 --> 01:21:04,700
mankind.
Some ways were technology

1410
01:21:04,700 --> 01:21:08,200
company.
We made a technology in Gold

1411
01:21:08,300 --> 01:21:11,400
that's never existed before to
be able to verify.

1412
01:21:13,200 --> 01:21:15,900
Very small amounts of gold for
regular transactions.

1413
01:21:16,400 --> 01:21:17,900
Make them actually
interchangeable.

1414
01:21:20,700 --> 01:21:23,000
And so, yeah, that's what that's
what that's what gold backs are,

1415
01:21:23,000 --> 01:21:30,700
gold backs are real money in
your hand and And there's a that

1416
01:21:30,700 --> 01:21:36,600
matters, it really matters
because all of our human rights,

1417
01:21:36,600 --> 01:21:40,900
all of our dignities, all of our
our laws, right?

1418
01:21:40,900 --> 01:21:44,700
If you want to have your rights
respected, you have to have the

1419
01:21:44,700 --> 01:21:48,800
tools in place to do that.
This is the one problem I

1420
01:21:48,800 --> 01:21:51,100
suppose with Anarchy.
You can't have a complete

1421
01:21:51,100 --> 01:21:55,800
Anarchy because then what
happens when somebody is taking

1422
01:21:55,800 --> 01:21:59,700
away your property or is
Elating, you you need some

1423
01:21:59,700 --> 01:22:03,800
system, some tool in place to
say, no, you can't do that,

1424
01:22:04,000 --> 01:22:06,600
right?
The problem is with our, with

1425
01:22:06,600 --> 01:22:11,900
our fiat currency, there's no
check about, there's no safety

1426
01:22:11,900 --> 01:22:13,600
valve.
There is no safety net.

1427
01:22:14,000 --> 01:22:15,800
They just do whatever they
please.

1428
01:22:15,900 --> 01:22:21,000
And we have to hopefully, go
along with it.

1429
01:22:21,600 --> 01:22:23,300
They're just hoping it will go
along with it.

1430
01:22:26,100 --> 01:22:30,300
There's accountability in gold
gold has that, that quality of

1431
01:22:30,300 --> 01:22:35,900
just being something real that
scarce and objective and

1432
01:22:35,900 --> 01:22:39,200
measurable.
And that's what really makes the

1433
01:22:39,200 --> 01:22:42,800
best god-given system we've ever
had to use as money.

1434
01:22:45,800 --> 01:22:48,300
And now we've just made it
available to the masses.

1435
01:22:49,000 --> 01:22:51,300
You know, you can go in it with
5 or 10 bucks.

1436
01:22:51,300 --> 01:22:54,600
You can be a gold owner and
actually use it.

1437
01:22:56,400 --> 01:22:59,500
So yeah, I guess that's my basic
intro to what the gold back is

1438
01:22:59,600 --> 01:23:04,600
and I hope that it'll be a tool
it even if it isn't the final

1439
01:23:04,600 --> 01:23:06,300
tool.
I hope that it will be a tool

1440
01:23:07,000 --> 01:23:10,500
that helps us bring a little bit
more accountability and honesty

1441
01:23:11,100 --> 01:23:14,900
to our systems.
And leads us to higher

1442
01:23:14,900 --> 01:23:18,700
principles, higher values so
that we can bring about Zion,

1443
01:23:19,600 --> 01:23:22,800
you know, I think that some
people think that enzyme maybe

1444
01:23:22,800 --> 01:23:25,100
there won't be any money because
we won't need money.

1445
01:23:25,100 --> 01:23:27,400
I don't think that's the case.
I think we'll still need money

1446
01:23:28,900 --> 01:23:31,400
will still need a way of
measuring things and valuing

1447
01:23:31,400 --> 01:23:33,400
things.
And it'd be like, saying in

1448
01:23:33,400 --> 01:23:35,700
Zion.
We won't need the metric system

1449
01:23:35,700 --> 01:23:40,300
or Pounds or ounces or inches,
right?

1450
01:23:40,800 --> 01:23:42,400
It'd be like, saying we didn't
need measurements.

1451
01:23:42,500 --> 01:23:44,500
It's money.
You need money.

1452
01:23:44,500 --> 01:23:46,500
Just at least as a measurement
in order to figure out what

1453
01:23:46,500 --> 01:23:49,700
you've got and how to how to
administer those Steward ships.

1454
01:23:49,700 --> 01:23:53,300
Responsibly right?
We won't have, hopefully we

1455
01:23:53,300 --> 01:23:56,800
won't have greed in Zion but
will still use the tool of money

1456
01:23:56,800 --> 01:24:01,900
I think as a measurement tool,
so that we can be good stewards

1457
01:24:01,900 --> 01:24:05,800
over that which the Lord gives
us and I just feel like we've

1458
01:24:05,800 --> 01:24:09,500
created a form of money.
That is better than any form of

1459
01:24:09,508 --> 01:24:11,000
money that's ever been invented
before.

1460
01:24:11,300 --> 01:24:14,700
It gives us a way to Value
things.

1461
01:24:14,900 --> 01:24:17,600
If I give you a price in Gold
back, say seven gold backs.

1462
01:24:17,600 --> 01:24:20,900
This thing costs seven gold
backs, it's going to be a more

1463
01:24:20,900 --> 01:24:25,100
stable measure of that value.
Than anything that's ever been

1464
01:24:25,100 --> 01:24:26,400
invented in the history of
mankind.

1465
01:24:27,400 --> 01:24:31,700
Because it's stable, it's real
and it doesn't change the way

1466
01:24:31,700 --> 01:24:34,000
that other currency systems have
often changed.

1467
01:24:35,300 --> 01:24:39,800
Do I think you're 100% correct?
Because again, I go back to the

1468
01:24:39,800 --> 01:24:42,800
to the whole Tower of Babel
thing and I think there's a lot

1469
01:24:42,800 --> 01:24:45,700
of things you can take away from
that story, right?

1470
01:24:46,000 --> 01:24:51,300
One of them is is it was
interesting to me that that one

1471
01:24:51,300 --> 01:24:55,800
of the things the Lord said when
he was Getting ready to scatter

1472
01:24:55,800 --> 01:24:59,100
the people there and confuse
their language is he says they

1473
01:24:59,100 --> 01:25:02,800
have become one and nothing is
kept from them.

1474
01:25:03,400 --> 01:25:05,300
And I thought that was so
strange because one of the

1475
01:25:05,300 --> 01:25:09,800
things we strive for is unit is
right, is to become one, right?

1476
01:25:10,900 --> 01:25:14,500
I think they were unified around
in, correct principles, and in

1477
01:25:14,500 --> 01:25:19,200
that same Rabbi, I told you
about told me he said, according

1478
01:25:19,200 --> 01:25:23,900
to oral tradition that was the
first time mankind ever tried.

1479
01:25:24,000 --> 01:25:28,400
ISM.
Interesting, they were one right

1480
01:25:28,400 --> 01:25:32,400
and if you see if you followed,
What Marx is idea, was now

1481
01:25:32,400 --> 01:25:35,600
obviously the Tower of Babel was
before marks but really there's

1482
01:25:35,600 --> 01:25:38,100
nothing new Under the Sun then,
right?

1483
01:25:38,100 --> 01:25:41,300
That was the first time that
that it communist type system

1484
01:25:41,300 --> 01:25:44,300
was instituted and the Lord
found it.

1485
01:25:44,300 --> 01:25:46,500
So displeasing that even in
their unit.

1486
01:25:46,500 --> 01:25:48,500
He's like no this isn't going to
stand.

1487
01:25:49,200 --> 01:25:53,900
And so now we see it once again,
creeping its head up, only this

1488
01:25:54,000 --> 01:25:57,500
Time we have a currency that's
not grounded to anything and we

1489
01:25:57,500 --> 01:26:02,300
can build that currency Tower to
infinity and it won't mean

1490
01:26:02,300 --> 01:26:05,600
anything, but I have a strange
because it's not built on the

1491
01:26:05,600 --> 01:26:08,900
right principles is literally
because the fiat currency, it

1492
01:26:08,900 --> 01:26:12,200
has no Foundation, right?
The dollar is not based on

1493
01:26:12,200 --> 01:26:14,000
anything, it's a floating
building in the air.

1494
01:26:14,000 --> 01:26:16,500
Like, like, what Nephi and Lehi
saw in the vision, right?

1495
01:26:16,500 --> 01:26:19,300
When they saw that the world was
like, a great and spacious

1496
01:26:19,300 --> 01:26:21,800
building, with no Foundation
floating in the air.

1497
01:26:22,300 --> 01:26:23,600
And see, I just thought that was
you.

1498
01:26:23,900 --> 01:26:27,300
What our economy is, right?
I always thought that was City

1499
01:26:27,300 --> 01:26:32,200
Creek, but I guess I'm wrong
anyway.

1500
01:26:33,400 --> 01:26:35,400
Yeah, I think we've just built
this system.

1501
01:26:35,400 --> 01:26:39,100
That is just so tall.
Now that it's going to come

1502
01:26:39,100 --> 01:26:41,600
down, right?
The other thing is and we

1503
01:26:41,600 --> 01:26:44,500
operate will be the fall thereof
according to a.

1504
01:26:44,600 --> 01:26:47,700
Yep.
And, and yeah, the laws of

1505
01:26:47,700 --> 01:26:50,000
economy are a lot.
Like the laws of physics is some

1506
01:26:50,000 --> 01:26:51,400
point.
They're going to be obeyed,

1507
01:26:51,500 --> 01:26:53,100
right?
It's just, how long can you

1508
01:26:53,100 --> 01:26:56,500
stall it out?
Or comes crashing back down and

1509
01:26:56,500 --> 01:27:00,600
I think I think if we don't
diversify a little bit and

1510
01:27:00,600 --> 01:27:04,200
that's the other thing, right?
We all feel it, especially you

1511
01:27:04,200 --> 01:27:08,700
know, traditional LDS folks or
Mormon fundamentalist, We Know

1512
01:27:08,700 --> 01:27:13,100
Something Wicked, This Way comes
with the economy and we have

1513
01:27:13,100 --> 01:27:15,900
some time yet.
I'm not sure how much, but why

1514
01:27:15,900 --> 01:27:18,300
not start getting Diversified
and start building those

1515
01:27:18,300 --> 01:27:22,800
networks now, Exactly.
And besides all we're really

1516
01:27:22,800 --> 01:27:26,400
talking about doing is growing
more of our own food supporting

1517
01:27:26,400 --> 01:27:29,600
each other a little bit better.
And having something of real

1518
01:27:29,600 --> 01:27:32,800
value against any hard times
that may come and it doesn't

1519
01:27:32,800 --> 01:27:36,400
necessarily take the actual
Apocalypse of John, doesn't

1520
01:27:36,400 --> 01:27:40,300
necessarily have to take a
collapse of the dollar system to

1521
01:27:40,300 --> 01:27:45,400
start doing something better
when you can write absolutely

1522
01:27:46,400 --> 01:27:49,800
yeah, why wait until you have
cancer to quit smoking.

1523
01:27:49,900 --> 01:27:53,200
Looking exactly.
You might as well do something a

1524
01:27:53,208 --> 01:27:56,700
little healthy today.
It doesn't mean you have to give

1525
01:27:56,700 --> 01:28:00,000
up ice cream today.
You know what I mean?

1526
01:28:00,200 --> 01:28:02,100
You can do.
You can just also remind

1527
01:28:02,100 --> 01:28:04,200
yourself that you should eat
your veggies, right?

1528
01:28:04,900 --> 01:28:06,400
One doesn't necessarily preclude
the other.

1529
01:28:06,800 --> 01:28:10,700
And so, you know, I really have
a great deal of hope that this

1530
01:28:10,700 --> 01:28:16,600
is the beginning of something
very big very, very big that

1531
01:28:16,600 --> 01:28:20,300
could really, really save us in
these times of Crisis and Why

1532
01:28:20,300 --> 01:28:24,500
not band together a little bit
more, a little bit better and,

1533
01:28:25,700 --> 01:28:27,900
you know, and get that Mutual
support.

1534
01:28:28,700 --> 01:28:30,600
Absolutely, I couldn't agree
with you more.

1535
01:28:31,100 --> 01:28:34,700
Like I said, at the very
beginning of this podcast, there

1536
01:28:34,700 --> 01:28:37,700
was when you described it to me.
I knew there was something to it

1537
01:28:37,700 --> 01:28:41,500
by couldn't put my finger on it.
And as time goes on, it seems to

1538
01:28:41,500 --> 01:28:45,400
crystallize and get more clear
as to how this can be a benefit

1539
01:28:45,400 --> 01:28:50,700
to us as a people.
So and first Thanks for what you

1540
01:28:50,700 --> 01:28:53,700
do with with that.
Because again I feel like it's

1541
01:28:53,700 --> 01:28:57,700
super important and while I
don't have everything down on

1542
01:28:57,700 --> 01:29:01,900
how it fits, there is something
to it and and there is something

1543
01:29:01,900 --> 01:29:06,700
of value there and then next and
it's a continuing tradition, in

1544
01:29:06,700 --> 01:29:10,500
fact, here's a fun little said,
bit of history for me to end on

1545
01:29:11,600 --> 01:29:17,500
in the earliest days of Deseret.
The Deseret asks they house I

1546
01:29:17,500 --> 01:29:21,100
think they called it essentially
the The earliest form of money

1547
01:29:21,100 --> 01:29:23,400
in Deseret when they were trying
to establish, the United order

1548
01:29:23,600 --> 01:29:27,600
out here in the desert and
before the United States

1549
01:29:27,600 --> 01:29:30,100
government was even really on
the horizon.

1550
01:29:30,100 --> 01:29:31,700
Completely.
As far as having any

1551
01:29:31,700 --> 01:29:34,300
jurisdiction over the, what was
essentially, I believe the

1552
01:29:34,300 --> 01:29:38,000
Sovereign Nation of Deseret
defacto.

1553
01:29:38,000 --> 01:29:40,100
Even if it was an
internationally recognized as

1554
01:29:40,100 --> 01:29:43,800
such was that they decided they
need to put together some money.

1555
01:29:43,800 --> 01:29:46,500
And so they created, what is now
known as the Mormon gold,

1556
01:29:46,500 --> 01:29:50,300
Mormon, gold coins and on those
merman gold, They put the

1557
01:29:50,300 --> 01:29:56,600
inscription Holiness to the Lord
and eventually they and later

1558
01:29:56,600 --> 01:29:58,800
on, they even put the
inscription Holiness to the Lord

1559
01:29:58,800 --> 01:30:00,900
in the desert.
Alphabet on those.

1560
01:30:01,500 --> 01:30:07,200
On those on those on those coins
with a lion for the strong Lion

1561
01:30:07,200 --> 01:30:10,500
of the tribe of Judah, which is
often usually interpreted as

1562
01:30:10,500 --> 01:30:14,700
meaning the Christ.
And so those those old coins are

1563
01:30:14,700 --> 01:30:16,800
part of an important tradition.
Well, gold backs are kind of a

1564
01:30:17,100 --> 01:30:19,700
Revival or a continuation of
that tradition.

1565
01:30:19,800 --> 01:30:22,900
Of Mormon gold.
And if you look at the 50 Utah

1566
01:30:22,900 --> 01:30:27,000
gold back, you will see that
there's a lion and the lamb at

1567
01:30:27,000 --> 01:30:29,400
Liberties feet for the lion
shall lie down with the lamb,

1568
01:30:29,400 --> 01:30:33,200
right?
But off to the side by the lion,

1569
01:30:33,900 --> 01:30:36,900
there's a stone and engraved in
that stone.

1570
01:30:36,900 --> 01:30:41,100
In the picture is an inscription
in the desert alphabet and it

1571
01:30:41,100 --> 01:30:46,500
says Holiness to the Lord So
that's something for you.

1572
01:30:46,900 --> 01:30:49,300
Yeah, that's awesome.
That's like coming through full

1573
01:30:49,600 --> 01:30:52,200
full circle again.
So that's awesome.

1574
01:30:53,000 --> 01:30:55,300
Well, that's on that.
It's so that's on the Utah, 50

1575
01:30:55,600 --> 01:30:58,400
design.
So that's awesome.

1576
01:30:58,500 --> 01:31:01,200
All right.
Well, Ben that was awesome, man.

1577
01:31:01,200 --> 01:31:02,600
I appreciate you coming on
again.

1578
01:31:03,600 --> 01:31:06,000
Yeah, thank you.
And, you know, we're gonna have

1579
01:31:06,000 --> 01:31:09,200
to actually talk about religion
and theology sometime.

1580
01:31:10,600 --> 01:31:13,700
I know, right, dude.
I feel like we're just in this

1581
01:31:13,700 --> 01:31:16,700
weird Mormon.
This weird fundamentalist,

1582
01:31:16,700 --> 01:31:20,200
Mormon moment, like I was just
watching on Netflix.

1583
01:31:20,200 --> 01:31:24,600
Now the the new pot shots were
getting is about Chad and Lori

1584
01:31:24,600 --> 01:31:28,900
day Bell, right?
So now that is one sad.

1585
01:31:29,200 --> 01:31:32,500
It's sad and that's one more
thing that I feel like we have

1586
01:31:32,500 --> 01:31:35,100
to address, right?
We have to get the full story on

1587
01:31:35,100 --> 01:31:37,000
it and then we have to talk
about it.

1588
01:31:37,000 --> 01:31:38,700
And right.
And that's why you're probably

1589
01:31:38,700 --> 01:31:40,900
going to have to link to my
other episodes.

1590
01:31:40,900 --> 01:31:43,100
You're on the Roman Renegade
because I was talking about

1591
01:31:43,100 --> 01:31:47,300
violence in communities and how
How dangerous it is and how, and

1592
01:31:47,300 --> 01:31:50,200
how invisible it is.
Nobody thought.

1593
01:31:50,200 --> 01:31:56,000
When Chad day Bell was, you
know, a lotta de plotted,

1594
01:31:56,500 --> 01:32:00,400
Deseret book author vetted by
the church that that that he was

1595
01:32:00,400 --> 01:32:02,900
actually a serial killer.
You know nobody thought that

1596
01:32:02,900 --> 01:32:06,200
Lori valo was a serial killer,
they thought that they were

1597
01:32:06,200 --> 01:32:07,700
normal.
Good Latter-Day Saints.

1598
01:32:08,100 --> 01:32:10,700
You got to keep your eye out.
Sometimes it's not the person

1599
01:32:10,700 --> 01:32:13,000
you expect.
And when you see dangerous

1600
01:32:13,000 --> 01:32:15,500
warning signs you, man, you got
to speak up because I'd be the

1601
01:32:15,500 --> 01:32:17,800
only one who ever saw it as
everybody else thinks

1602
01:32:17,800 --> 01:32:22,000
everything's fine.
You know, I saw that Lori, valo

1603
01:32:22,200 --> 01:32:25,400
had her own podcast and I'm
like, now I'm going to have to

1604
01:32:25,400 --> 01:32:30,800
defend my podcast, right?
No, I'm Mormon with a podcast

1605
01:32:30,800 --> 01:32:33,100
does not equate.
Sealer, serial killers, not a

1606
01:32:33,108 --> 01:32:35,600
quite serial killer.
There's lots of good people with

1607
01:32:35,600 --> 01:32:41,100
podcasts or not crazy, right?
But anyway, I love you.

1608
01:32:41,100 --> 01:32:42,900
And I always appreciate talking
to you.

1609
01:32:43,500 --> 01:32:44,900
Yeah, it's been a pleasure.
Thank you for having me.

1610
01:32:45,100 --> 01:32:48,800
Aeon, you bet, buddy?
Bye everybody.