Kevin Freeman: Pirate Money - Discovering the Founders' Hidden Plan for Economic Justice and Defeating the Great Reset

Kevin D. Freeman, an economic warfare consultant and author of "Pirate Money." We explore the connections between finance, government, and individual economic liberty, discussing the risks of fiat money versus sound currency like gold and silver. I highlight advocacy efforts for gold reserves as legal tender and analyze the potential and risks of cryptocurrencies like Bitcoin. We also examine geopolitical threats from BRICS nations and the need for the U.S. to reinforce its foundational strengths. This conversation provides critical insights into economic warfare and the balance between individual rights and governance.

Buy Kevin's Book  Pirate Money: Discovering the Founders’ Hidden Plan for Economic Justice and Defeating the Great Reset: Freeman, Kevin D.: 9781958945049: Amazon.com: Books

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*Special thanks to Bosch Fawstin for recording our intro/outro on this podcast.

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Partial Transcript Hearts of Oak   [0:23]And hello, Hearts of Oak. Thanks so much for joining us. Once again, I'm privileged to have a brand new guest, someone who I've followed for a number of years on the financial side, and I was able to bump into at a conference [0:38] Introduction to Kevin Freeman Hearts of Oak   [0:35]earlier this year, and that is Kevin Freeman. Kevin, thank you so much for giving us your time today. Kevin D Freeman   [0:41]Oh, it's a pleasure, Peter. It's good to be with you. Hearts of Oak   [0:43]Great with you and obviously people will know you from economic war room um and obviously that kevin d freeman x also is your uh personal handle on all different social media platforms and all the links will be in the description um i think certainly i've watched uh many of your programs many of your clips on economic war room and think of something completely different to sometimes you get the MAGA, the rah, rah, rah at one side, and I think you fit in and provide something which is unique and key and maybe something that's not on people's radar, but fascinated to speak with you. And I've been really thoroughly enjoying your, I think your latest book, only out last year, and that's Pirate Money, Discovering the Founders' Hidden Plan for Economic Justice and Defeating the Great Reset. Can I tell you, you do wonderful titles for your book. All your titles are, I Need to Read That Book. So well done. Kevin D Freeman   [1:45]Thank you. I'm really proud of that book. I think it hits issues that no one else is hitting at regarding economic justice. And it's actually sparked a movement of people that are changing laws in various states based on reading that book. Hearts of Oak   [2:00]Well, we'll get into what's happening in Texas, which I think is one of the latest, and obviously that's your home state. But maybe you can give us a little bit of your background story. I mean, what led you to becoming an economic war room consultant? There probably isn't a path at school that you see that on the list of things you can do. So tell us about your path to that. [2:22] Kevin's Background and Economic Journey Kevin D Freeman   [2:22]Well, I grew up in a stockbroker's household, but my stockbroker father was a big fan of the Constitution.

Episode Transcript

Hearts of Oak: And hello, Hearts of Oak. Thanks so much for joining us. Once again, (00:23):
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Hearts of Oak: I'm privileged to have a brand new guest, someone who I've followed for a number (00:26):
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Hearts of Oak: of years on the financial side, and I was able to bump into at a conference (00:31):
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Hearts of Oak: earlier this year, and that is Kevin Freeman. (00:35):
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Hearts of Oak: Kevin, thank you so much for giving us your time today. (00:39):
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Kevin D Freeman: Oh, it's a pleasure, Peter. It's good to be with you. (00:41):
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Hearts of Oak: Great with you and obviously people will know you from economic war (00:43):
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Hearts of Oak: room um and obviously that kevin d freeman x (00:47):
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Hearts of Oak: also is your uh personal handle on all different social media platforms and (00:50):
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Hearts of Oak: all the links will be in the description um i think certainly i've watched uh (00:55):
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Hearts of Oak: many of your programs many of your clips on economic war room and think of something (01:01):
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Hearts of Oak: completely different to sometimes you get the MAGA, the rah, rah, (01:06):
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Hearts of Oak: rah at one side, and I think you fit in and provide something which is unique (01:09):
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Hearts of Oak: and key and maybe something that's not on people's radar, but (01:14):
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Hearts of Oak: fascinated to speak with you. (01:19):
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Hearts of Oak: And I've been really thoroughly enjoying your, I think your latest book, (01:21):
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Hearts of Oak: only out last year, and that's Pirate Money, Discovering the Founders' (01:27):
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Hearts of Oak: Hidden Plan for Economic Justice and Defeating the Great Reset. (01:32):
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Hearts of Oak: Can I tell you, you do wonderful titles for your book. All your titles are, (01:37):
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Hearts of Oak: I Need to Read That Book. So well done. (01:41):
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Kevin D Freeman: Thank you. I'm really proud of that book. (01:45):
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Kevin D Freeman: I think it hits issues that no one else is hitting at regarding economic justice. (01:48):
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Kevin D Freeman: And it's actually sparked a movement of people that are changing laws in various (01:53):
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Kevin D Freeman: states based on reading that book. (01:58):
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Hearts of Oak: Well, we'll get into what's happening in Texas, which I think is one of the (02:00):
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Hearts of Oak: latest, and obviously that's your home state. (02:03):
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Hearts of Oak: But maybe you can give us a little bit of your background story. (02:06):
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Hearts of Oak: I mean, what led you to becoming an economic war room consultant? (02:10):
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Hearts of Oak: There probably isn't a path at school that you see that on the list of things (02:14):
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Hearts of Oak: you can do. So tell us about your path to that. (02:19):
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Kevin D Freeman: Well, I grew up in a stockbroker's household, but my stockbroker father was (02:22):
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Kevin D Freeman: a big fan of the Constitution. (02:28):
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Kevin D Freeman: And actually, his day job was stockbroker. His evening job was teaching the (02:29):
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Kevin D Freeman: Constitution principles of liberty, free speech, and so forth in Oklahoma. (02:33):
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Kevin D Freeman: He's Cherokee, actually. (02:38):
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Kevin D Freeman: And so I grew up in this home and had a passion and love for all of the above, (02:40):
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Kevin D Freeman: which led me to love free markets, (02:45):
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Kevin D Freeman: free speech, all of the constitutional principles that our founding fathers (02:47):
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Kevin D Freeman: laid down that had led to America's success. (02:53):
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Kevin D Freeman: And yet he saw in the 1970s us going the wrong path. We left the gold standard. (02:56):
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Kevin D Freeman: We started taking away people's right to grow and be and do and started substituting (03:02):
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Kevin D Freeman: big government and socialism. And we saw a path towards failure. (03:07):
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Kevin D Freeman: And then, of course, Ronald Reagan came along. (03:12):
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Kevin D Freeman: So that's where I got my start initially, was growing as investments. (03:13):
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Kevin D Freeman: And investments represent personal economic liberty. (03:18):
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Kevin D Freeman: So you can invest. You're not just taking the money that you're given, (03:22):
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Kevin D Freeman: but you're also building, growing and doing with money and then using money (03:25):
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Kevin D Freeman: to achieve great purposes. (03:30):
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Kevin D Freeman: My father was a very generous man, and he believed in generous giving, (03:31):
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Kevin D Freeman: that you make all you can and you give all you can to make the world a better place. (03:36):
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Hearts of Oak: Can I just, one thing about the book before I jump in, (03:42):
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Hearts of Oak: and a lot in it, but I was really fascinated by the endorsements you had on (03:45):
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Hearts of Oak: the book, and from a wide range of political activists, Christian leaders. (03:52):
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Hearts of Oak: And I think it shows the impact of this issue, this topic across whatever genre (03:57):
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Hearts of Oak: you're engaging with, whatever your issue is, finance touches every area. (04:06):
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Hearts of Oak: So maybe your thoughts on actually, yeah, that wide range of support from all (04:11):
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Hearts of Oak: different areas of society. (04:16):
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Kevin D Freeman: Well, we've been really blessed as I've shared these issues at various conferences (04:18):
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Kevin D Freeman: and so forth. We've met a lot of great friends. (04:24):
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Kevin D Freeman: One of them is Dr. Ben Carson, who is one of my favorite people. (04:27):
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Kevin D Freeman: I respect him so much. He represents the true American dream, (04:31):
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Kevin D Freeman: somebody that grew up in abject poverty and then went to the highest position (04:35):
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Kevin D Freeman: you could get as a surgeon, a neurosurgeon. (04:40):
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Kevin D Freeman: And then he went into government and succeeded with that. Now he's succeeding (04:42):
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Kevin D Freeman: in a nonprofit space. Brilliant man to learn to read. (04:46):
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Kevin D Freeman: Or Dick Uline, who is a billionaire who's built this massive Uline company, or Naomi Wolf, Dr. (04:49):
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Kevin D Freeman: Naomi Wolf, who I grew up recognizing as an opponent politically. (04:56):
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Kevin D Freeman: I said, wow, she's so smart and she's so good at what she does. (05:00):
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Kevin D Freeman: But she and I wouldn't agree on so many political things. (05:04):
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Kevin D Freeman: But we came together during COVID and recognized that tyranny is tyranny is tyranny. (05:07):
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Kevin D Freeman: And actually, she's educated me on a lot of her positions that I think are good (05:13):
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Kevin D Freeman: and Justin Wright that I didn't really understand because, oh, (05:18):
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Kevin D Freeman: she's on the left, so I can't listen to her. (05:21):
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Kevin D Freeman: So we have Charlie Kirk is another one who's captured the hearts of America's (05:23):
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Kevin D Freeman: youth and turned them more conservative. (05:29):
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Kevin D Freeman: So I've had the privilege of meeting and working with a lot of incredible people. (05:31):
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Kevin D Freeman: And when I shared my book, they all said, I'd like to endorse it. (05:35):
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Kevin D Freeman: And so we, I don't know, 25, 30, 35 people from all walks of life, (05:38):
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Kevin D Freeman: but all great household names and true leaders. (05:43):
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Hearts of Oak: They are and we've had ben carson over name we've on many times and our show (05:46):
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Hearts of Oak: stream on daily cloud i met up with her a couple of weeks ago and um and charlie (05:51):
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Hearts of Oak: kirk's producer andrew colvitt's coming on next week so um yeah all uh all good (05:55):
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Hearts of Oak: people and many others but maybe at the (06:01):
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Hearts of Oak: In God we trust is kind of the phrase that's on U.S. bank notes. (06:05):
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Hearts of Oak: Sadly, in the U.K. and Europe, we don't have that looking up to God as creator, as sustainer. (06:10):
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Hearts of Oak: So we've lost that. But you still have that in the American psyche. (06:17):
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Hearts of Oak: But maybe in God we trust should maybe be in terms of a bank note in government we trust. (06:21):
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Hearts of Oak: Maybe you can just give us a little bit of understanding of fiat money and why (06:27):
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Hearts of Oak: actually it has any value. (06:33):
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Kevin D Freeman: That's a great segue. I mean, fiat money means it's from Latin. (06:35):
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Kevin D Freeman: It literally means so let it be. (06:39):
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Kevin D Freeman: And the government has proclaimed this is money. (06:41):
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Kevin D Freeman: If the government pulled out a monopoly board game and held that those pink (06:44):
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Kevin D Freeman: and yellow and green pieces of paper up and said, this is money, (06:49):
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Kevin D Freeman: that would be fiat money as well. (06:53):
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Kevin D Freeman: And I use that term because the government produces money and all governments do. (06:55):
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Kevin D Freeman: And they make that the exclusive money, which means it has a monopoly, (06:59):
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Kevin D Freeman: which is monopoly money, and eventually monopoly money is worthless. (07:03):
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Kevin D Freeman: And the reason it becomes worthless is because the government says it has value (07:06):
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Kevin D Freeman: but doesn't have anything backing it up. (07:11):
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Kevin D Freeman: The difference between fiat currency and real money, Judy Shelton, (07:13):
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Kevin D Freeman: I'm going to interview later today, she wrote the book Good as Gold, (07:17):
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Kevin D Freeman: and she uses the term sound money. (07:20):
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Kevin D Freeman: The difference is that there's something behind it. And that whole notion of (07:23):
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Kevin D Freeman: sound money comes from a Roman experience where the Roman soldiers knew a denarius (07:27):
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Kevin D Freeman: coin, they could drop it. (07:33):
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Kevin D Freeman: If it had a high silver content, it made one sound. (07:36):
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Kevin D Freeman: If it had a low silver content, it made another. The denarius went from 95% (07:39):
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Kevin D Freeman: silver, 200 years later, it was less than 5% silver. (07:44):
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Kevin D Freeman: That they put added base metals and that's called debasing the currency to add (07:47):
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Kevin D Freeman: base metals to precious metals. (07:53):
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Kevin D Freeman: God's money has been from the beginning of time, gold, silver, and copper. (07:56):
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Kevin D Freeman: And we know that. That's true in every society on earth, in every continent on earth. (08:01):
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Kevin D Freeman: At one time or another, gold, silver, and copper were money in different denominations. (08:05):
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Kevin D Freeman: Gold being the most valuable, silver being the next most valuable. (08:10):
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Kevin D Freeman: But that's even ingrained in our Olympics. We have a gold, silver, and bronze medal. (08:13):
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Kevin D Freeman: So this is built into the human psyche. This is God's money, (08:18):
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Kevin D Freeman: the way he established it. (08:22):
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Kevin D Freeman: If you read the Bible from Genesis to Revelation, God talks about money as gold (08:23):
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Kevin D Freeman: and silver. and occasionally the widow put in her two copper coins, the copper's mite. (08:28):
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Kevin D Freeman: So this is the way God's established it. So it's God's money versus man's money (08:32):
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Kevin D Freeman: and you can see it one other place, well, many other places in scripture, but one in particular. (08:37):
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Kevin D Freeman: 1 Corinthians chapter three, I think it's verse 12, where it compares when your (08:42):
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Kevin D Freeman: work is tested by fire, will it be burned up? (08:48):
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Kevin D Freeman: If it is gold and silver, it will be purified by the fire but if it's made out (08:51):
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Kevin D Freeman: of wood, hay or stubble, it will be burned up. (08:57):
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Kevin D Freeman: Paper money is made out of wood, hay, and stubble. If it's not backed by anything, (09:01):
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Kevin D Freeman: it's just eventually going to be worthless pieces of paper. (09:05):
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Kevin D Freeman: The only thing we trust in our money is, as you mentioned, government. (09:09):
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Kevin D Freeman: Will the government make it good? And in the United States, as in your country (09:13):
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Kevin D Freeman: and every other country in the world, the governments have spent more than they (09:18):
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Kevin D Freeman: have. They're massively in debt. (09:20):
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Kevin D Freeman: They've given away our grandchildren and our great-grandchildren's future. (09:22):
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Kevin D Freeman: They've sold them into economic slavery so that 50, 100 years from now, (09:28):
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Kevin D Freeman: those kids now, but they'll be running society then, they'll be saddled with this massive debt. (09:32):
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Kevin D Freeman: And so that's not trusting in God. That's trusting in humanity, (09:41):
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Kevin D Freeman: and it's really rather selfish. (09:44):
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Hearts of Oak: And we'll get on the whole section on debt. But that concept of (09:46):
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Kevin D Freeman: God's money and man's money. (09:52):
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Hearts of Oak: I get that God's way and man's way. That kind of is the story of humanity in (09:53):
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Hearts of Oak: every area that man tries to do things their own way. (09:59):
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Hearts of Oak: And yet God's way is. But I guess that's why we have the whole culture wars, (10:03):
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Hearts of Oak: because of a focus on what we think is right, as opposed to God thinks right. (10:07):
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Hearts of Oak: So I guess that principle is through society and whatever area you're involved in. (10:11):
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Kevin D Freeman: Oh, no question. And and it is you start from Genesis just in the early chapters (10:15):
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Kevin D Freeman: of Genesis. and you'll say, this is God's way. I've made the heavens and the earth a night and day. (10:21):
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Kevin D Freeman: He made seasons and cycles. No, no, no. We have to control the seasons and cycles. (10:25):
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Kevin D Freeman: So we'll modify the weather. (10:30):
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Kevin D Freeman: He made marriage. I made man and woman. And he made people as male and female. (10:32):
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Kevin D Freeman: And all of those things get challenged by human beings. (10:37):
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Kevin D Freeman: And that's what the political challenge, the struggle is. (10:41):
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Kevin D Freeman: Are we going to take Genesis as it is on face value? or are we going to try (10:45):
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Kevin D Freeman: and tell God what it should be? (10:50):
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Kevin D Freeman: And I think we see a lot of people trying to tell God what it should be. (10:52):
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Hearts of Oak: It doesn't go well. It never goes well into that if you only look at history. (10:56):
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Hearts of Oak: In this, you talk about, and we'll touch on a number of areas and then maybe (11:01):
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Hearts of Oak: go a little bit deeper in there, but in page 11, there's one of the sections (11:06):
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Hearts of Oak: called Transactional Gold, Almost Perfect Money. (11:10):
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Hearts of Oak: And this is a theme that runs through the book, which you've mentioned, God's money. (11:15):
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Hearts of Oak: And it's a measure that we've tried to move away from and society or God has tried to move away from. (11:20):
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Hearts of Oak: But transactional gold, and you talked about this, I think, when I was at that (11:28):
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Hearts of Oak: side event with you speaking about the app you have. (11:32):
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Hearts of Oak: Maybe you can touch on that because, obviously, you can't bring a suitcase of gold or silver. (11:36):
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Hearts of Oak: So what do you mean by transactional gold, almost perfect money? (11:43):
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Kevin D Freeman: Well, money is three things, according to most of society, most economists. (11:48):
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Kevin D Freeman: It's a unit of account, it's a means of exchange, and it's a store of value. (11:54):
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Kevin D Freeman: Now, a unit of account could be done in pounds or euros or dollars fairly easily. (11:58):
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Kevin D Freeman: You can look and say, this book costs so many euros or it costs so many pounds (12:03):
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Kevin D Freeman: or it costs so many dollars. And we can measure anything in those terms. (12:07):
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Kevin D Freeman: It can also be measured in ounces of gold or silver. (12:11):
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Kevin D Freeman: And you say, this book is worth so many fractions of an ounce of gold or so (12:14):
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Kevin D Freeman: many fractions of ounce of silver. (12:18):
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Kevin D Freeman: So both fiat money and gold and silver work as a unit of account. (12:20):
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Kevin D Freeman: And they're pretty good as a means of exchange in at least dollars, (12:26):
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Kevin D Freeman: pounds, euros are good in means of exchange because I can easily give you either (12:33):
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Kevin D Freeman: electronically or directly pound notes or whatever. (12:38):
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Kevin D Freeman: And then there's the store of value. And this is where gold and silver really shine. (12:44):
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Kevin D Freeman: Their store of value is very good. A hundred years ago or today, it doesn't matter. (12:49):
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Kevin D Freeman: You can look at a basket of goods, services, a new suit, a car, (12:53):
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Kevin D Freeman: gasoline, anything that you want to look at, you can value it and you can say, (12:58):
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Kevin D Freeman: hey, gold and silver have held their value. (13:02):
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Kevin D Freeman: Paper money has not. So it's a lousy store of value. But where's the weakness of gold and silver? (13:05):
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Kevin D Freeman: It is in that means of exchange. I can't go to my local coffee shop and buy (13:10):
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Kevin D Freeman: a good brew with gold easily. (13:18):
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Kevin D Freeman: I carry a gold coin and shave off a few flecks. (13:23):
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Kevin D Freeman: No, nobody wants to weigh it or assay it. (13:26):
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Kevin D Freeman: It's just a terrible means of exchange. In the old days, when we were using (13:29):
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Kevin D Freeman: Spanish coins, they would actually take a silver Spanish coin, (13:34):
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Kevin D Freeman: cut it up into eight pieces. (13:38):
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Kevin D Freeman: Each piece was known as a bit, and they would use that to make change. (13:39):
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Kevin D Freeman: So you could cut that soft metal and two bits made a quarter and eight bits made a dollar. (13:43):
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Kevin D Freeman: That was the term and the origin for the word dollar. (13:50):
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Kevin D Freeman: We think of dollar immediately, you think American, but it wasn't. (13:53):
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Kevin D Freeman: It's Spanish. It was the coin of the realm. (13:57):
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Kevin D Freeman: And to be frank, the founding fathers of our nation did not wish to use British (14:00):
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Kevin D Freeman: money because they thought that would give too much authority to the king. (14:05):
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Kevin D Freeman: And so they used Spanish money. It was captured on from Spanish galleons by (14:07):
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Kevin D Freeman: pirates in many cases circulated in America. (14:13):
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Kevin D Freeman: And so that's why I called my book pirate money, because in the constitution, (14:16):
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Kevin D Freeman: article one, section 10, it says money must be gold and silver coin at the state (14:20):
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Kevin D Freeman: level to be legal tender. (14:25):
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Kevin D Freeman: Well, that's pirate money. That's what they thought of. It was gold of balloons (14:26):
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Kevin D Freeman: and silver pieces of eight, but they're not transactional, not in a modern world. (14:29):
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Kevin D Freeman: I can't walk into a car dealership and produce 20 gold coins and buy a car. (14:33):
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Kevin D Freeman: So what do we do? Why don't we put them on deposit and. (14:39):
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Kevin D Freeman: And then let you use a debit card and electronically keep track of ownership, (14:44):
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Kevin D Freeman: which is essentially what we do with paper money. (14:49):
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Kevin D Freeman: When you write a check or when you use a debit card, you're essentially transferring (14:51):
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Kevin D Freeman: ownership of a pile of money that's somewhere in the cloud that supposedly you own, Peter. (14:56):
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Kevin D Freeman: This amount, it's in the cloud. It's from your bank. So Barclays has got it. (15:02):
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Kevin D Freeman: And then you transact and you buy something from me. (15:06):
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Kevin D Freeman: It goes out of your electronic account, goes into my electronic account. (15:10):
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Kevin D Freeman: Well, if we just had gold and silver (15:14):
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Kevin D Freeman: held in that way, we'd make them transactional also with a debit card. (15:16):
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Kevin D Freeman: So that's what I mean by transactional. It's allowing money. (15:21):
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Kevin D Freeman: And why I say it's almost perfect money because it makes it a good unit of an (15:24):
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Kevin D Freeman: account. You can measure in ounces or in grams, in your case. (15:27):
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Kevin D Freeman: It makes it a good means of exchange, and it makes a good store of value. (15:34):
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Kevin D Freeman: And by the way, there is a company that has done this successfully, (15:37):
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Kevin D Freeman: and I've tested it and used it. and it is out of the United Kingdom. It's called Glint. (15:42):
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Kevin D Freeman: It's a fintech out of London where the gold is held and stored in Switzerland (15:46):
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Kevin D Freeman: and then it's transacted electronically. (15:51):
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Kevin D Freeman: And in my case, it uses a bank in Ohio. (15:54):
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Kevin D Freeman: And so I can go to any store that takes MasterCard and I can spend my gold. (15:56):
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Kevin D Freeman: I can get paid in gold. I can pay people in gold. (16:02):
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Kevin D Freeman: The only problem with it is it's treated as a commodity by the IRS or actually (16:05):
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Kevin D Freeman: a collectible. But other than that, it's nearly perfect money. (16:11):
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Kevin D Freeman: I can use gold and silver. It's God's money, keeps its value. (16:14):
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Kevin D Freeman: It's a good unit of account, and it's a great means of exchange. (16:16):
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Hearts of Oak: And in the book, you talk, I think, later in the book, about your efforts to (16:20):
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Hearts of Oak: have, certainly at the state level, especially in Texas, having like a gold (16:27):
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Hearts of Oak: reserve, I guess, and then the gold will be based there. (16:33):
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Hearts of Oak: I think the company you talked about is based in Switzerland. (16:35):
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Hearts of Oak: How there have been ups and downs in that. But I think Texas seems to be leading (16:38):
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Hearts of Oak: the way and probably because of your great efforts in that. (16:42):
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Hearts of Oak: Let us know a little bit about that, because you want the gold, (16:47):
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Hearts of Oak: I guess, to be stored in a country or a place that actually you can rely on. (16:50):
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Hearts of Oak: So tell us a little bit about the work you've been involved in in that respect. (16:57):
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Kevin D Freeman: Sure. Well, we had a notion that if we're going to make gold and silver money (17:02):
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Kevin D Freeman: again and useful, we need to overcome the main objections that people have regarding (17:07):
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Kevin D Freeman: gold and silver. And the first one is trust. (17:13):
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Kevin D Freeman: They don't know who to trust. Now, my gold's in Switzerland's and Brinks vault, (17:15):
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Kevin D Freeman: but I've never seen it. I can't visit it. (17:19):
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Kevin D Freeman: I do trust Switzerland and I do trust Brinks. (17:22):
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Hearts of Oak: I can go on your behalf and visit if you wish. So no problem. Yeah. (17:26):
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Kevin D Freeman: Okay. Well, it's a great country and it's a great company, but it's not close to my home. (17:29):
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Kevin D Freeman: And the closer to home, the better, especially when we see war happening in (17:38):
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Kevin D Freeman: Europe and we see companies, for example, where we see your government telling (17:43):
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Kevin D Freeman: Apple that they needed to release data. (17:48):
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Kevin D Freeman: So I would like to have it closer to home. So trust is a reason that we would (17:51):
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Kevin D Freeman: like to bring it closer to home. Taxes is a second issue. (17:55):
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Kevin D Freeman: The U.S. federal government taxes gold as if it were a collectible, (17:59):
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Kevin D Freeman: which makes sense, as I'll explain in the third issue, because at one time, the U.S. (18:03):
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Kevin D Freeman: Government confiscated everybody's gold. (18:08):
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Kevin D Freeman: They knocked on the door and said, if you have gold, you must turn it into the (18:11):
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Kevin D Freeman: government. That was 1933 under Franklin Delano Roosevelt. (18:14):
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Kevin D Freeman: Well, when they brought gold back to public ownership, the IRS, (18:19):
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Kevin D Freeman: the Internal Revenue Service says, how do we tax this? What do we do with it? (18:23):
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Kevin D Freeman: Well, what is it? It's a coin from 1917. (18:26):
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Kevin D Freeman: Oh, or 1865. Oh, well, this is a collectible then, and we'll tax it like a collectible. (18:30):
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Kevin D Freeman: They didn't treat it like money. (18:36):
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Kevin D Freeman: Well, we would like it to be treated like money, and the Constitution allows a state to make it money. (18:38):
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Kevin D Freeman: We feel that when the state makes it money, legal tender, that it shouldn't (18:45):
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Kevin D Freeman: be subject to tax. If it goes up in value and purchasing power, who cares? It's money. (18:49):
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Kevin D Freeman: And then the third one, of course, is we wanted the state to protect us against (18:55):
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Kevin D Freeman: taking. I don't want anyone marching into Switzerland and taking my gold. (18:58):
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Kevin D Freeman: I don't want the federal government knocking on the door. So if it was in a (19:03):
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Kevin D Freeman: state overseen facility, (19:06):
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Kevin D Freeman: either because by contract or ownership or just regulation, we feel that the (19:08):
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Kevin D Freeman: federal government would be less likely to take it. (19:16):
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Kevin D Freeman: So trust, taxes, and taking are three reasons that I'd like to have it here. (19:18):
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Kevin D Freeman: Well, we tried this in Texas in 2023 and were unsuccessful. We didn't get it all the way through. (19:22):
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Kevin D Freeman: We had some success, but it did not pass into legislation, didn't become law. (19:29):
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Kevin D Freeman: So I wrote the book. And after I wrote the book, we were contacted by half of (19:33):
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Kevin D Freeman: the United States, two dozen states actually. (19:38):
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Kevin D Freeman: So 24 out of 50 contacted us and said, I've read your book. I want to get a (19:41):
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Kevin D Freeman: law passed. Will you help us? (19:46):
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Kevin D Freeman: And we did help. And we entered legislation, I think, in 18 states and five states this year. (19:49):
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Kevin D Freeman: So in two years since reading this book, five states passed a law. (19:55):
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Kevin D Freeman: First, it was Arkansas with Governor Sarah Sanders, who was a press secretary (20:00):
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Kevin D Freeman: to the president, good friends of the president, and Governor Sanders signed (20:05):
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Kevin D Freeman: it in the law. I was at the signing ceremony. (20:09):
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Kevin D Freeman: She thanked me for my efforts and gave me the signing pin. Then it was passing (20:11):
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Kevin D Freeman: a law in Florida, Governor Ron DeSantis. (20:15):
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Kevin D Freeman: He thanked me, gave me the signing pin, thanked our entire team, (20:18):
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Kevin D Freeman: and invited me to speak at the signing ceremony. largest signing ceremony in (20:22):
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Kevin D Freeman: the history of Arkansas outside of Tallahassee. (20:26):
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Kevin D Freeman: And not only that, he said, this is financial sovereignty. This is going to (20:29):
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Kevin D Freeman: protect Floridians. And he gave a long list as to why. (20:33):
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Kevin D Freeman: Then it passed in Louisiana and Governor Landry signed it in law. (20:37):
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Kevin D Freeman: Then it passed in Texas and Governor Abbott signed it in law and tweeted out, (20:41):
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Kevin D Freeman: we're bringing financial liberty to people. (20:47):
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Kevin D Freeman: And then it passed in Missouri. So we have five states representing five and (20:49):
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Kevin D Freeman: a quarter trillion dollars of economic activity. (20:53):
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Kevin D Freeman: And if you look at the GDP of by nation of the world, that would rank third (20:57):
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Kevin D Freeman: ahead of Germany, ahead of Japan, ahead of every other, ahead of the United (21:01):
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Kevin D Freeman: Kingdom, every other nation on planet Earth in total economic activity. (21:07):
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Kevin D Freeman: Other than China and the United States as a whole. (21:11):
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Kevin D Freeman: So we now have a foothold of five and a quarter trillion dollars, (21:14):
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Kevin D Freeman: and we're in process of finding the best ways to implement the law now that it's passed. (21:18):
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Kevin D Freeman: And people looked at us and said, we have never seen a book change the law that (21:24):
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Kevin D Freeman: rapidly and that powerfully since perhaps Upton Sinclair wrote about the Chicago (21:29):
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Kevin D Freeman: meatpacking industry in the book, (21:36):
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Kevin D Freeman: the jungle at the turn of the last century that brought food safety and modern (21:38):
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Kevin D Freeman: sanitization to meat slaughtering and so forth. (21:44):
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Kevin D Freeman: And before that, they said it was Thomas Paine writing Common Sense that sparked (21:48):
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Kevin D Freeman: the American Revolution. So we're very pleased that people have picked up on it. (21:53):
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Kevin D Freeman: I got yesterday's legislator in South Dakota who said, we've got to stop central (21:57):
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Kevin D Freeman: bank digital currency. I'm worried about this genius act. (22:03):
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Kevin D Freeman: Please, will you come help us? I had the treasurer of West Virginia a couple (22:06):
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Kevin D Freeman: of years ago call me and say, I have 10 copies of your book on my desk. (22:10):
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Kevin D Freeman: People keep sending it to me. And he's now Congressman Riley Moore. (22:16):
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Kevin D Freeman: And the treasurer of Florida, chief financial officer of Florida, (22:20):
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Kevin D Freeman: Jimmy Pertornis, he's now in Congress. (22:25):
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Kevin D Freeman: So we've met and influenced a lot of terrific people, and they've been taking this forward. (22:28):
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Hearts of Oak: Everyone wants financial freedom as a concept that people kind of dream off (22:34):
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Hearts of Oak: and don't think it's possible. But how does that impact? (22:40):
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Hearts of Oak: That happened at the state level, and at the end of the book, (22:43):
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Hearts of Oak: you talk about states and the power they have. (22:46):
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Hearts of Oak: But how does that impact the federal government the central bank that wants (22:49):
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Hearts of Oak: absolute control um what is what is the clash there and will that impact this as we move forward (22:54):
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Kevin D Freeman: Well, we've had a fight in every one of the states. We've had a fight. (23:02):
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Kevin D Freeman: Now, it did pass unanimously in Florida, I think Louisiana, Arkansas. (23:06):
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Kevin D Freeman: Missouri was near unanimous. It wasn't unanimous in Texas, but it passed nearly (23:13):
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Kevin D Freeman: unanimous because both Republicans and Democrats, both parties, (23:17):
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Kevin D Freeman: embraced this for different reasons. (23:21):
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Kevin D Freeman: One wanted economic liberty. The other wanted economic justice. but (23:23):
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Kevin D Freeman: the fight has been literally with (23:28):
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Kevin D Freeman: the globalist banking cartels and the (23:31):
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Kevin D Freeman: world economic forum if you were to poll the people and the central banks of (23:35):
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Kevin D Freeman: the world the bank for international settlements they would say oh no no we (23:39):
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Kevin D Freeman: want fiat money everywhere we want it all electronic like central bank digital (23:42):
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Kevin D Freeman: currency where we can control people and the greatest threat to that is gold currency. (23:46):
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Kevin D Freeman: And I have people in Basel and people in Brussels and other places in the intelligence (23:52):
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Kevin D Freeman: community, because as I was explaining my history and where I got into this, (23:58):
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Kevin D Freeman: I left out the economic war part, which is what you really asked. (24:04):
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Kevin D Freeman: And I was noticing the stock market collapsing in 2008. (24:08):
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Kevin D Freeman: I pushed that to the Pentagon. They hired me as an economic warfare consultant, (24:12):
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Kevin D Freeman: started a brand new career track. (24:17):
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Kevin D Freeman: Got to know spooks in the CIA and the Defense Intelligence Agency and the FBI (24:19):
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Kevin D Freeman: and the many places in the Defense Department and in all of DARPA and IRPA and others. (24:25):
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Kevin D Freeman: And they all became friends. (24:33):
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Kevin D Freeman: And they started to warn me that the World Economic Forum types, (24:36):
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Kevin D Freeman: the globalists, absolutely do not like this. They want central control. (24:41):
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Kevin D Freeman: So the Federal Reserve, to the degree that they follow that, (24:45):
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Kevin D Freeman: they would oppose this. And that's where we've had our struggles. (24:49):
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Kevin D Freeman: But I do think that state-based individual economic liberty is catching on. (24:53):
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Kevin D Freeman: And I'm not sure they can stop it at this point. (24:59):
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Hearts of Oak: There is another concept, and I was maybe pleasantly surprised, (25:02):
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Hearts of Oak: the discussion on Bitcoin. I think chapter two, you start that. (25:07):
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Hearts of Oak: Of course, Bitcoin appeared, what 2008 uh (25:11):
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Hearts of Oak: sometimes called electronic gold and that's (25:15):
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Hearts of Oak: a very different understanding and i think some people i've (25:18):
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Hearts of Oak: talked to about gold and they're fixed on that (25:21):
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Hearts of Oak: and don't see bitcoin as a (25:24):
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Hearts of Oak: as a possible contender uh for money um and maybe you can touch on that and (25:27):
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Hearts of Oak: why you also look at that and don't discount it completely when you're looking (25:35):
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Hearts of Oak: at the the rule of gold you also look at the possibility of Bitcoin also playing (25:40):
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Hearts of Oak: a huge role in terms of money. (25:45):
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Kevin D Freeman: Yeah, well, Bitcoin is wonderful because it's great technology and has two overarching values. (25:47):
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Kevin D Freeman: One of them is it's limited in supply and it takes time to produce it. (25:54):
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Kevin D Freeman: And so George Gilder, who wrote The Scandal of Money, talks about money literally is time. (25:59):
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Kevin D Freeman: I work for an hour and I get paid a certain amount of money. (26:05):
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Kevin D Freeman: Money represents time. If you have money, you can buy other people's labor and other things. (26:08):
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Kevin D Freeman: Fiat currency does not represent time. It's just created out of thin air. (26:14):
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Kevin D Freeman: So Bitcoin has that value. (26:18):
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Kevin D Freeman: It's limited in supply and it represents time. And that has enormous godly value. (26:20):
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Kevin D Freeman: And that's great. And the second attribute is it's got a notion of privacy. (26:27):
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Kevin D Freeman: I may know that that coin exists. I don't know who has it. I don't know what wallet it's in. (26:32):
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Kevin D Freeman: I know it exists. And everybody agrees on a common ledger. We can all agree (26:39):
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Kevin D Freeman: that it exists. That's valuable in itself. (26:43):
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Kevin D Freeman: And so the blockchain brings value, but it also has this notion of privacy. (26:46):
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Kevin D Freeman: I'm able to transact and do things without everybody knowing it's me or what's happening. (26:51):
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Kevin D Freeman: And so those are the two things that I love about Bitcoin. And they're extraordinarily beneficial. (26:57):
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Kevin D Freeman: And we could have an entire economy based on that. (27:03):
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Kevin D Freeman: There's one problem, and that is governments are jealous and governments act on their jealousy. (27:06):
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Kevin D Freeman: So I like the fact that the Genius Act is acknowledging the blockchain and acknowledging (27:13):
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Kevin D Freeman: that and it's creating these stable coins, but they're based on the US dollar (27:20):
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Kevin D Freeman: and the dollar can be unlimited in production. (27:24):
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Kevin D Freeman: So it takes away that portion of it. (27:26):
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Kevin D Freeman: And then the whole notion of central bank digital currency takes away the privacy. (27:29):
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Kevin D Freeman: It reverses it. It lets the government know everything and so they can control (27:34):
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Kevin D Freeman: you through a CBDC. My fear with Bitcoin (27:39):
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Kevin D Freeman: or any cryptocurrency is that the government will try and control it. (27:42):
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Kevin D Freeman: And the more it regulates, eventually it gets there. (27:48):
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Kevin D Freeman: That's why I focused on state-based transactional gold and silver, (27:51):
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Kevin D Freeman: because money actually literally needs, unless it's universally accepted. (27:56):
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Kevin D Freeman: And if we can get to the Bitcoin dream, if we can actually achieve that, (28:01):
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Kevin D Freeman: that will work wonderfully. (28:05):
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Kevin D Freeman: But you could create a new crypto. Well, it's slightly better than Bitcoin because (28:07):
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Kevin D Freeman: it's got these attributes and then another and then another and then you lose (28:11):
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Kevin D Freeman: the limited aspects to it. (28:15):
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Kevin D Freeman: So I'm concerned about a thousand. Well, we'll just create a better one. (28:17):
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Kevin D Freeman: And then when we create a better one, government says this is the one you have (28:21):
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Kevin D Freeman: to use because they have their their hand in it. (28:25):
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Kevin D Freeman: I'm concerned about that. You have to have a government somewhere until you (28:28):
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Kevin D Freeman: have universal acceptance of money. (28:32):
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Kevin D Freeman: Now, if Bitcoin achieves that, fantastic. and I look forward to that. (28:34):
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Kevin D Freeman: As a transition step at minimum, I would suggest that you have to have a government involved. (28:38):
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Kevin D Freeman: Jesus looked at a coin and said, render to Caesar that which is Caesar. Whose picture is on it? (28:44):
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Kevin D Freeman: So which government do I want involved? In my case, I want the government of (28:49):
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Kevin D Freeman: Texas involved because they're closer to me. I get to vote. I get to participate. (28:53):
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Kevin D Freeman: But if Texas goes bad, how about Oklahoma where I was born? (28:58):
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Kevin D Freeman: And the government of Oklahoma might give me an alternative or Arkansas, (29:02):
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Kevin D Freeman: where it's got Governor Sanders. (29:05):
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Kevin D Freeman: So having it state-based, I have 50 shots on goal, so to speak, (29:07):
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Kevin D Freeman: and I can get one of them to give me liberty. And the nature of the Constitution (29:12):
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Kevin D Freeman: is one of them gives me liberty. (29:16):
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Kevin D Freeman: Every American can participate in that liberty. (29:18):
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Kevin D Freeman: And so that's why we went with state-based. (29:21):
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Kevin D Freeman: Unfortunately, a state cannot make Bitcoin legal tender. (29:24):
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Kevin D Freeman: It can make gold and silver coin, yes, in the Constitution. (29:29):
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Kevin D Freeman: They make Bitcoin legal tender It'll be struck down in court instantly because (29:32):
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Kevin D Freeman: the Article 1, Section 10, a (29:37):
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Kevin D Freeman: state can make nothing other than gold and silver coin to be legal tender. (29:38):
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Kevin D Freeman: So I love Bitcoin. I love the promise. I love the potential. (29:42):
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Kevin D Freeman: I love the attributes. I love the technology. (29:46):
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Kevin D Freeman: But I can't affect that in my state as legal tender. (29:50):
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Kevin D Freeman: Therefore, I focused on what I could, and I think it works very well. (29:54):
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Kevin D Freeman: So yes, I agree with everything you said. I will not rule it out. its unique technology. (29:58):
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Kevin D Freeman: And if it gives individual liberty and individual financial sovereignty, (30:04):
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Kevin D Freeman: I very much believe that's a good thing. (30:09):
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Hearts of Oak: I think central bank digital currency shows what we've seen in history. (30:12):
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Hearts of Oak: You take something good and then let the government at it and it goes bad. (30:16):
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Hearts of Oak: It's what CBDCs are going for, the opposite of the vision of Bitcoin in terms (30:20):
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Hearts of Oak: of privacy and you having the control. (30:27):
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Hearts of Oak: Everything is, again, I think in your book you talked about about 115 countries (30:30):
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Hearts of Oak: that are all exploring it. (30:34):
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Hearts of Oak: I think the Bank of England was one of the first, sadly, to look into this. (30:36):
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Hearts of Oak: And it seems that's the drive in terms of the world economy to get rid of paper (30:40):
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Hearts of Oak: money and move towards a way that has full control past anything with like a (30:45):
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Hearts of Oak: Visa or MasterCard style. (30:51):
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Hearts of Oak: So it seems that the push is going that way. (30:52):
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Kevin D Freeman: Oh, there's no question the push is going that way. Good news is President Trump (30:56):
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Kevin D Freeman: issued an executive order against it here in the United States. (30:59):
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Kevin D Freeman: And then they codified that into law in the Genius Act. (31:02):
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Kevin D Freeman: The question is, how long will that stand? (31:06):
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Kevin D Freeman: How long will they? That's what I love about transactional gold and silver at (31:10):
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Kevin D Freeman: the state level. It's in the Constitution, which is very, very hard to change. (31:13):
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Kevin D Freeman: A law you can change. I mean, we had an expiration of President Trump's tax (31:17):
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Kevin D Freeman: reductions, and we had to pass another law just to keep it in place. (31:22):
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Kevin D Freeman: If we can keep the whole government out of oversight and too much control, (31:26):
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Kevin D Freeman: I don't mind controlling and keeping drug dealers and terrorists from using these stable coins. (31:33):
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Kevin D Freeman: I have no problem with that. I think we should do that. (31:39):
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Kevin D Freeman: But I do have a problem when they start to say that our money needs to promote (31:42):
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Kevin D Freeman: climate change proposals or it needs to promote diversity proposals where there's (31:46):
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Kevin D Freeman: an individual making money off the diversity scam. (31:54):
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Kevin D Freeman: I believe in diversity absolutely 100%. I do not believe that we ought to then (31:57):
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Kevin D Freeman: say that regardless of competence, we're going to put this person in simply (32:02):
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Kevin D Freeman: because this person fits this box. (32:07):
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Hearts of Oak: Now, you talk about kind of the wins against going for financial freedom. (32:10):
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Hearts of Oak: One of the chapters is Biden-Bucks, and I'll let the readers look into that. (32:16):
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Hearts of Oak: And that's the pressure from within to stop financial freedom. (32:21):
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Hearts of Oak: We are in a different moment, could be a different era, who knows, (32:25):
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Hearts of Oak: with President Trump power. (32:30):
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Hearts of Oak: But you also focus on the threats externally. uh (32:31):
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Hearts of Oak: china the the imf the (32:36):
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Hearts of Oak: wf bricks there are so many moves actually to control and restrict the individual's (32:39):
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Hearts of Oak: right to to freedom do you want to just touch on that because i think it's important (32:47):
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Hearts of Oak: that the viewers are aware of the external threats to financial freedom (32:52):
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Kevin D Freeman: Well, they're twofold. One is China, Russia, et cetera. They would love central (32:58):
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Kevin D Freeman: bank digital currencies because they can control their population. (33:02):
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Kevin D Freeman: It's the social credit score in China, literally the social credit score. (33:05):
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Kevin D Freeman: And it's just, you can't travel on a train. You can't fly. (33:09):
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Kevin D Freeman: You can't visit a restaurant. You can't go here. It's like COVID restrictions, only permanent. (33:12):
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Kevin D Freeman: And we can control exactly what you do, whether we like, if we like what you're (33:17):
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Kevin D Freeman: doing, we'll reward you, and if we don't, it's a reward punishment. (33:22):
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Kevin D Freeman: But the BRICS nations also gathered together because they wanted to take away a power that the U.S. (33:25):
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Kevin D Freeman: Dollar has exercised, and some would say abused, and I'm not certain I could disagree. (33:31):
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Kevin D Freeman: I was in Moscow in 2006 with a friend at a conference hosted by Vladimir Putin. (33:37):
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Kevin D Freeman: I met with the finance minister, the oil energy minister, (33:44):
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Kevin D Freeman: and so forth and learned that Russia was very angry with America because we (33:48):
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Kevin D Freeman: had been profligate with our (33:53):
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Kevin D Freeman: spending and caused the 2008 financial crisis. So I guess that was 2016. (33:55):
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Kevin D Freeman: It caused the 2008 financial crisis. And they were also angry with us because we used that as a weapon. (34:00):
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Kevin D Freeman: And by the way, we used it against the United Kingdom back in the 50s in the (34:06):
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Kevin D Freeman: Suez Canal crisis, where A president I admire a great deal, President Eisenhower, (34:11):
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Kevin D Freeman: literally told the Brits and the French, you will give up control of the canal (34:17):
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Kevin D Freeman: or we will dump your treasure, your bonds. (34:21):
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Kevin D Freeman: And they realized that we had a financial authority there because we happened (34:25):
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Kevin D Freeman: to own a lot of those bonds. (34:30):
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Kevin D Freeman: Well, China is playing by the same playbook. You'll do what we want, (34:31):
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Kevin D Freeman: America, or we'll dump our control of your treasury bonds. (34:35):
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Kevin D Freeman: They've gone a step further, and that is we want to remove the dollar as the (34:38):
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Kevin D Freeman: primary reserve currency of the world. (34:42):
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Kevin D Freeman: When it changed from the British pound to the American dollar, (34:44):
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Kevin D Freeman: it was a slower, smoother, more cordial transition. (34:49):
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Kevin D Freeman: They're threatening an absolute knee-jerk (34:53):
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Kevin D Freeman: complete uh which would upend the financial system (34:56):
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Kevin D Freeman: as we know it so we see this is an economic war and i'll (34:59):
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Kevin D Freeman: tell you the americans we have abused our (35:03):
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Kevin D Freeman: power and authority sometimes by saying we'll give you access to the dollar (35:06):
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Kevin D Freeman: or not when we tell vladimir putin if you do this we will take the money you (35:09):
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Kevin D Freeman: have in our bank accounts or in dollars and we won't let you use them well all (35:14):
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Kevin D Freeman: of a sudden uh putin goes to modi in Indians is, (35:20):
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Kevin D Freeman: look what they're doing to me. They'll do that to you someday. (35:23):
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Kevin D Freeman: Oh no, they wouldn't do it. Really? (35:26):
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Kevin D Freeman: Well, remember when China and Russia were allies of America in World War II (35:29):
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Kevin D Freeman: and the enemies were Germany and Japan? (35:35):
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Kevin D Freeman: Things change over time. And Germany and Japan are now the allies and Russia (35:38):
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Kevin D Freeman: and China are now considered adversaries. (35:42):
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Kevin D Freeman: So are you sure they won't turn on India or any other nation. (35:45):
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Kevin D Freeman: And so they've, BRICS nations have purposed to dethrone the dollar. (35:48):
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Kevin D Freeman: Will they get there? I don't think they're working together well enough to achieve (35:53):
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Kevin D Freeman: that at this moment, but that is their dream. (35:58):
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Kevin D Freeman: And that is literally the reason why BRICS was formed. (36:01):
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Kevin D Freeman: I was there in 2016 when they were first talking about it and we've watched (36:03):
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Kevin D Freeman: it form and implement since then. (36:08):
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Hearts of Oak: I always find it fascinating that OPEC still use the dollar. (36:11):
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Hearts of Oak: And I don't know whether Trump's drill baby drill actually to put America back (36:16):
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Hearts of Oak: into the production side and not run away like Biden and Obama did. (36:23):
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Hearts of Oak: I guess that holds the dollar for a longer period of time. (36:28):
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Hearts of Oak: Despite the fact, I know you have a whole chapter on debt, despite the fact (36:33):
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Hearts of Oak: that, what, you're $37 trillion and spending, what is it, $3 trillion a year (36:37):
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Hearts of Oak: or something ludicrous. (36:43):
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Hearts of Oak: But yeah, how do those impact? Because OPEC have kind of held on the dollar, (36:45):
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Hearts of Oak: America have kept that position, but the debt means that everything is built (36:51):
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Hearts of Oak: on a stack of cards that will have to come. (36:55):
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Hearts of Oak: You give the analogy of flipping the board, And it does seem as though we are (36:59):
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Hearts of Oak: edging very close to that point. (37:03):
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Kevin D Freeman: Oh, there's no question. 1974. Following the removal of the gold backing of (37:05):
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Kevin D Freeman: the dollar in 1971, and we've seen massive inflation since then. (37:12):
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Kevin D Freeman: And in 1973, we had the oil price shock and the Arab oil embargo. (37:16):
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Kevin D Freeman: And in 1974, around that time, (37:21):
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Kevin D Freeman: President Nixon sent Henry Kissinger to Saudi Arabia and said, look, (37:25):
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Kevin D Freeman: you're going to need American military protection and we will be your customer (37:30):
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Kevin D Freeman: for energy and we will keep you in the strongest position in oil production. (37:37):
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Kevin D Freeman: If you'll recycle your earnings into U.S. (37:42):
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Kevin D Freeman: Treasury bonds and you'll need dollars to do that. And we want you to price all oil in dollars. (37:46):
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Kevin D Freeman: And that was true. It was a 50-year handshake agreement. We think it might've (37:53):
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Kevin D Freeman: been some secret paper written agreement, but it was at least a handshake agreement. (37:57):
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Kevin D Freeman: And 2024, that agreement informally started, informally ended. (38:01):
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Kevin D Freeman: And we've seen the Saudis talking to China about using renminbi or the yuan, (38:08):
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Kevin D Freeman: which is a Chinese currency, for trade and other trade and gold and so forth. (38:14):
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Kevin D Freeman: That has propped up the dollar. It's been known as the petrodollar. (38:20):
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Kevin D Freeman: And if I talked about it 30 years ago, people would say it's a conspiracy theory. (38:24):
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Kevin D Freeman: You're just making things up. If I talked about it 20 years ago, (38:28):
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Kevin D Freeman: well, maybe you're right. If I talked about it 10 years ago, (38:31):
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Kevin D Freeman: you're absolutely right. (38:33):
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Kevin D Freeman: And we know that that petrodollar has held the dollar up. because that prop (38:34):
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Kevin D Freeman: has been knocked out from underneath the dollar, we're still living on the American (38:39):
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Kevin D Freeman: military might and the goodwill that the United States has around the world, which is diminished. (38:44):
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Kevin D Freeman: And just the notion that we control most of the world's financial systems. (38:49):
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Kevin D Freeman: So the BRICS nations have built alternative payment systems in order to compete (38:55):
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Kevin D Freeman: against the SWIFT and the transaction systems. (38:59):
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Kevin D Freeman: But the dollar remains the primary reserve currency. Interestingly. (39:02):
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Kevin D Freeman: The number two holding of central banks is no longer euros. It is now gold. (39:07):
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Kevin D Freeman: And gold is moving up and the dollar's percentage is moving down. (39:14):
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Kevin D Freeman: Now, we're in a race here in the United States. If we want to preserve the world system, (39:17):
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Kevin D Freeman: the best way to do it is, number one, let's encourage and work with our allies (39:22):
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Kevin D Freeman: as much as we possibly can and stop using the dollar as a weapon unless absolutely necessary. (39:28):
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Kevin D Freeman: And there are times when if you have a complete dictator thug, (39:36):
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Kevin D Freeman: you do want to use that as a weapon, but be careful in doing so. (39:38):
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Kevin D Freeman: Second thing is grow the American economy as much as possible. (39:43):
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Kevin D Freeman: Trump is doing that, reducing regulations. (39:46):
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Kevin D Freeman: And the third thing is we think by creating state-based gold and silver as money, (39:49):
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Kevin D Freeman: or Judy Shelton says, start issuing U.S. (39:55):
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Kevin D Freeman: Treasury bonds backed by gold in Fort Knox, which we all hope is there. (39:58):
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Kevin D Freeman: I haven't been there to know, but start issuing U.S. Treasury bonds backed by gold. (40:02):
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Kevin D Freeman: Then we could, over time, restore the world financial system. (40:09):
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Kevin D Freeman: But we've got to treat our allies as allies and not as other nations. (40:13):
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Kevin D Freeman: We need to encourage them moving towards liberty, not treating them as really (40:19):
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Kevin D Freeman: serfs on our plantation, but really treating them as true allies, (40:24):
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Kevin D Freeman: and we can have another 250 years. (40:28):
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Kevin D Freeman: We're about to celebrate the 250th birthday of the United States of America. (40:32):
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Kevin D Freeman: I'd like to see 250 more. I don't want to see what Rome did. (40:35):
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Kevin D Freeman: Rome went from a republic to an empire. (40:39):
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Kevin D Freeman: I would like to remain a republic, and I would like to remain respectful of (40:42):
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Kevin D Freeman: other sovereign nations and respectful of the individual rights of the American (40:47):
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Kevin D Freeman: people and be a force for good in the world and not for evil. (40:51):
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Hearts of Oak: No, exactly. Can I just finish off with kind of your assessment on what President Trump is doing? (40:55):
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Hearts of Oak: You mentioned about the gold reserve in Fort Knox. (41:03):
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Hearts of Oak: We haven't had that investigation, but there's been legislation to stop CBDCs. (41:08):
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Hearts of Oak: The Genius Act is really interesting. There are a lot of things happening, (41:14):
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Hearts of Oak: but then the big, beautiful bill doesn't necessarily reduce that crazy debt pile. (41:18):
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Hearts of Oak: So there are good things happening and other things still on hold. (41:22):
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Hearts of Oak: I acknowledge that he has a heck of a lot on his plate and there's a lot to be done. (41:25):
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Hearts of Oak: And he doesn't even have his appointees yet for many positions. (41:30):
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Hearts of Oak: But what are your thoughts on the administration moving towards the areas that (41:34):
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Hearts of Oak: you're really concerned about in giving Americans back the right to use their (41:40):
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Hearts of Oak: money as they see fit and take ownership once again? (41:46):
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Kevin D Freeman: Well, if he can succeed in one specific area, well, two, taxation, (41:49):
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Kevin D Freeman: which he did, the one big, beautiful bill left the tax breaks in, (41:54):
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Kevin D Freeman: but reducing regulation, that is perhaps the most important thing that he can do. (41:58):
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Kevin D Freeman: Uh, the Reason Foundation published a study that was done. (42:04):
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Kevin D Freeman: If we'd kept American regulation at the level it was in 1946, (42:10):
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Kevin D Freeman: after World War II was ended, (42:13):
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Kevin D Freeman: the average American household income would be over $330,000 a year versus the $60,000 average it was. (42:16):
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Kevin D Freeman: Regulation hurts the average person more than anything else. (42:26):
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Kevin D Freeman: And we think, oh no, it's for our good. It's not necessarily for I want clean (42:30):
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Kevin D Freeman: water, I want clean air, I want simple regulation. (42:35):
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Kevin D Freeman: I want fair labor practices and fair labor rules, but we have gotten so crazy (42:38):
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Kevin D Freeman: that we're telling a house whether or not they could have a gas-powered stove (42:44):
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Kevin D Freeman: or they could have an electric. (42:48):
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Kevin D Freeman: If you get excessive in your regulation, people will be burning wood in their (42:50):
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Kevin D Freeman: apartments and dying from emphysema and harming the environment much more. (42:55):
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Kevin D Freeman: So we've got to pare back. This growth of government has resulted in so many bureaucracies. (43:02):
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Kevin D Freeman: If we could get American growth back to 5% or 6% per year, and that sounds impossible. Oh, no. (43:08):
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Kevin D Freeman: In the post-war era, 3% has been excessive. it. We could literally get five (43:14):
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Kevin D Freeman: or six percent growth per year. (43:20):
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Kevin D Freeman: We would get out of the debt trap and we would export freedom, (43:22):
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Kevin D Freeman: liberty throughout the world. But what we've been doing is we've financialized our society. (43:28):
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Kevin D Freeman: America makes more off money than we do off manufacturing. (43:33):
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Kevin D Freeman: We need to restore and respect individual sovereign nations and manufacturing and workers' rights. (43:37):
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Kevin D Freeman: And the way to do that is to reduce, not increase the size of government. (43:45):
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Kevin D Freeman: President Reagan was very famous as saying the most dangerous words you'll ever (43:48):
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Kevin D Freeman: hear, I'm here from the government and I'm here to help. (43:53):
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Kevin D Freeman: That's not true. Government begets more government. We need limited government. (43:56):
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Kevin D Freeman: We need to respect individual sovereignty, individual state sovereignty, (44:01):
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Kevin D Freeman: individual nation sovereignty, and we will lead the world rather than control (44:05):
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Kevin D Freeman: the world. And that's what America should aspire to do. (44:10):
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Hearts of Oak: We've heard a newer one. We're here for the government, and we are here to keep you safe. (44:14):
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Kevin D Freeman: And we saw that in the last five years. (44:18):
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Hearts of Oak: Which is just as dangerous. Kevin, I really appreciate you coming on. (44:19):
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Hearts of Oak: I know you've got a lot of demands and are possibly the key person in this area. (44:24):
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Hearts of Oak: That is the book, Pirate Money, Discovering the Founder's Hidden Plan for Economic (44:31):
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Hearts of Oak: Justice and Defeating the Great Reset. (44:35):
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Hearts of Oak: I'd encourage all the viewers and listeners, get hold of a copy. Very easy reading. (44:37):
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Hearts of Oak: You'll read it in a day no problem and you'll find yourself educated and you'll (44:43):
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Hearts of Oak: be wondering why you haven't picked it up before now that was (44:48):
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