​It's A Saturday Morning Bonus Podcast For 08-09-25

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Episode Transcript

Speaker 1 (00:00):
The Michael Berry Show.

Speaker 2 (00:01):
Welcome to the Saturday Podcast and a big programming news
for The Michael Berry Show. They the crew, our team
has come together and I kind of hinted that it
would be awesome if we did it. But it's a

(00:22):
lot of work for the guys if we were to
start a Sunday podcast, because a number of you have
mentioned it, and I brought it up last week and
so many of you email and I forwarded every one
of those to the team and they said, we got it,
we'll do it. Stop forwarding. So this will be the
first week in which we will have a Sunday podcast. Now,

(00:45):
I'm well aware that a podcast is an on demand
bit of audio, so a lot of you listen when
you get a chance, so you may not hear the
Sunday Podcast on Sunday. But what I mean by that
is our podcast is usually a rebroadcast of what we

(01:05):
air on the air, and whether the morning show or
the evening show during the week, and if it's a
bonus podcast, we'll say that bonus podcast. This didn't air
on the radio, So even if you listened on the
radio and came to the podcast, you would know, Oh,
I'll go straight to that I haven't heard it yet. Well,
our Saturday podcast is a bonus podcast per se, and

(01:28):
so too will our Sunday podcast be the addition of
Daryl Kunda to our team, who doesn't have a title yet,
Ramon Ramone's the King of Ding. Jim Mudd is our
creative director. Chad Knockinishi is executive producer. He's in charge
of everybody, including me. In time, we will have to
come up with something befitting Darryl Kunda's new responsibilities. But

(01:55):
maybe he should have to earn those first, right, good point,
all right, so it's a Saturday podcast. During the nineteen
eighty eight presidential election, Catherine Austin Fitz worked on George H. W.
Bush's campaign that was the election against Michael Ducaucus. She
was later appointed Assistant Secretary of Housing in the Department

(02:16):
of Housing in Urban Development, which was HUDD during his administration.
I think was Jack Kemp his HUD director or was
that Reagan? I think it might have been Kemp, former
co former quarterback for the Buffalo Bills. She was given
the task of restoring the department's credibility in the wake
of the savings and loan crisis. Remember the SNL crisis,

(02:38):
it hit Houston heart. I'll tell you that she quickly
discovered alarming inefficiencies, including the fact that hud managed a
three hundred billion dollar mortgage insurance portfolio with just one
certified actuary on staff, only one person to run the

(03:01):
numbers as to what these mortgages were anticipated and reasonably
expected to perform as it's the two thousand and eight
mortgage blow up. Before the two thousand and eight mortgage
blow up, she spent decades pulling back the curtain on
the hidden workings of the global financial system, which would

(03:25):
frighten most people if you knew them. From her days
on Wall Street to her outspoken warnings about government corruption
and economic centralization, she's been at the forefront of challenging
the official narrative. She's the publisher of something called the
Solari Report Solarii, and in that she connects the dots

(03:48):
between politics, banking, and the shadowy flow of money around
the world. She recently gave a lecture at Hillsdale College,
and our reminder of Hillsdale College, they do great work.
They are not a show sponsor. They should be, but
they're not. We just happen to really like their stuff,
and sometimes we amplify it when we like it. The

(04:11):
talk is on the danger of central bank digital currencies.

Speaker 3 (04:16):
When I was in Washington, I had a great ally
whose name was John Edward Hurley, and John Edward Hurley
was giving a lecture at the Smithsonian Museum on Southern culture.
And in the middle of the lecture, a young gentleman
approximately twenty five years old, popped up in the middle
of the audience, interrupted his lecture and he said, why

(04:38):
is Southern culture relevant to me? And John Edward looked
sternly down as glasses at him, and he said, young man,
culture is the integration of the divine in everyday life.

Speaker 4 (04:52):
And I love that only John Edward.

Speaker 3 (04:56):
He delivered it with a much deeper Southern accent that
I can do. And when I think about what do
we need to build a great governance system, what do
we need to build a great financial system, one of
the critical questions is who enforces? And the reality is
if you look at where our wealth comes from, all

(05:17):
of our wealth comes from life. It comes from raising
strong and healthy children who grow up and go off
and do something, or build family enterprises or invent new things.
But it comes from a healthy culture, and I've been amazing.
I've always wanted to come to Hillsdale and I've heard

(05:37):
about it. We have members of this Lary team who've
come here. One in fact, you came to see about
going to college here, and so I've always wondered about Hillsdale.
But as I've had the opportunity, and I have to
thank Matt who's done a great job of Matt Bell
walking me around as I see what's going on here,
there is a profound understanding of the importance of building

(06:01):
a healthy culture and of building the kind of culture
that could support a great governance system and a great
financial system. And it's really I just want to thank
you all for allowing me the opportunity to speak to
you today, but to visit Hillsdale, to get a little
bit more to know what you're doing, and for supporting

(06:21):
Hillsdale because you are supporting real solutions.

Speaker 4 (06:24):
We have to.

Speaker 3 (06:26):
When I was assistant secretary, the secretary said, how are
we going to solve this?

Speaker 4 (06:29):
And I said, you have to solve.

Speaker 3 (06:31):
It by raising kids right, one kid at a time,
and he said, oh, that takes much too long. So
I want to thank you for investing in enduring solutions
at Hillsdale. So one of the things we say at
Solari is there's an official reality and then there's reality,

(06:52):
and you need to know both official realities for the
cocktail party. Reality is for the investment of your time,
money and your risk manager. Don't get those switched. Don't
take reality to the cocktail party if it's not welcome.
And please don't manage your time and money based on
the official reality. We saw how that worked during the
financial crisis. So I want to talk to you today

(07:13):
about reality. I'm going to focus on some of the
things you know they don't. When I was in Washington,
you would I was dealing constantly with the budget and sort.

Speaker 4 (07:23):
Of whacking up all the money.

Speaker 3 (07:25):
And because of what I did, I had to understand
the whole budget, not just the housing and mortgage piece.

Speaker 4 (07:31):
And I'd whack up the money.

Speaker 3 (07:33):
And then I'd watch the Sunday shows and they'd be
talking about what was going in Washington, and it was
two different universes. One was the reality where they were
whacking up the money, and the other was the official reality,
and they had nothing to do with each other. So
I want to talk I want to get to the
heart of what's going on in the money. The first
thing I want to tell you is we don't have
a financial problem. We have a secret governance system that

(07:56):
is not transparent and is centralizing control. And in fact,
what we're watching as it centralizes. A wonderful scholar from
the UK calls it omni worries this is the weaponization
of everything. But we're seeing new and potentially wonderful digital
technology used and said to centralize control an area after

(08:18):
area in all aspects of our life. And the problem
is not so much with the tools themselves, it's with
the secret governance system and how they decide to use it.
So I believe there is only one way to stop
the move to total central control, and that is by
preventing control of our digital transactions, our financial transactions. That's

(08:43):
what I want to talk about today.

Speaker 4 (08:46):
So everything I'm going to say.

Speaker 3 (08:49):
One of the candidates and their economic staff, I was
going back and forth trying to help them, and finally
I said, I need to write a briefing about what's
really going on in the federal finances, the real.

Speaker 4 (09:00):
Problems are and what we can do about them.

Speaker 3 (09:03):
So everything I'm going to touch on today is much
more thoroughly documented at the Soliary report. This is called
the Soliary Paper number one, and it's a briefing on
what I call the financial coupetas Clay referred to the
twenty one trillion missing. The federal government since fiscal nineteen
ninety eight has intentionally and systematically broken the laws related

(09:25):
to financial management of both its credit and its appropriations.
And that is what if you look at anything that's
driving what some people call the swamp and the corruption,
it is operating the federal government outside of the financial
management laws. If you go to our website on we
call it missing Money dot Sleary dot com. But our

(09:46):
website on Missing Money we have seven briefing papers. I
finally despaired of the journalist community understanding how the financial
laws of the United States government works. So we spent
a year and we wrote seven briefing papers on what
are the monetary and fiscal laws of how the federal
government should be operated? And in fact, it's a remarkably

(10:07):
good infrastructure, a remarkably good legal infrastructure, if we would
only follow it. Sometimes reformers tell you we need new laws. No,
we don't need new laws. We simply need to enforce
the excellent laws we have, starting with the Constitution anyway,
so that is there if you wanted a resource and
you want to dive deeper. So I want to tell

(10:27):
you a story, and I'm going to use a video
to do it. This happened to me in two thousand
and it's when I really got to the gist of
the problem of why we couldn't turn things around politically.
So I'm going to tell you the red Button story,
but I'm going to start with the video, So go
ahead if you could play.

Speaker 4 (10:44):
That the Red Button.

Speaker 1 (10:58):
You never want to have a epiphany in the middle
of a speech, but I did. In the summer of
two thousand, I was speaking to a wonderful group of
people called Spiritual Frontiers Foundation International, and they have a
conference once year to talk about how they can help
evolve our societies spiritually.

Speaker 4 (11:15):
So they're very dedicated, wonderful people.

Speaker 1 (11:18):
A friend of mine had asked me to give a
speech called how the Money Works on organized Crime, and
in the middle of the speech, I was describing the
fact that a reporter who was I was doing research
for had been told by the Department of Justice that
the US economy and financial system launders five hundred billion

(11:39):
to a trillion dollars a year of all dirty money.
So I said, to this wonderful group of spiritually of
all people, what would happen if we stopped laundering five
hundred billion to a trillion dollars a year of old
dirty money. So we had a little interaction, and they said, well,
you know, the stock market would go down because that
money would leave and go to Hong Kong or Singapore

(12:00):
or Zurich. And we'd have trouble financing the government deficit
because we would offend the people who control that money
and the accumulated capital for many years they're on, and
so our government checks might stop or our taxes might
go up. So I said, okay, well, let's pretend there's
a big red button up here on the lectern, and

(12:23):
if you push that button, you can stop all hard
narcotics trafficking in your community, your state, your country tomorrow,
thus offending the people who control five hundred billion to
a trained dollars of annual dirty money. And so I said,
who here will push the button? And out of one
hundred people, only one.

Speaker 4 (12:42):
Would push the button.

Speaker 1 (12:44):
And I said to the other ninety nine, why would
you not push the button? And they said, we don't
want our mutual funds and our iras to go down
in price.

Speaker 4 (12:54):
We don't want our.

Speaker 1 (12:55):
Government checks to stop, and we don't want our taxes
to go up. And so that's what I call the
red button problem. And what the Silary mission is is
about how do we turn the red button green? In
other words, how do we make money pushing the red button?
Because if we can make money pushing the red button,
then we can push the red button.

Speaker 4 (13:20):
We're getting back to the spots.

Speaker 3 (13:22):
Okay, So the President's going to return to the Oval
Office on January twenty first, and he's going to his
political Karl Rove kind of guy is going to turn
to him and say, go ahead to the next slide.
It's going to say, the American people just spent billions
of dollars getting you elected, and now they want payback.

(13:44):
They want their community block Development grant, they want their
cola increase, they want their defense contract. And he's going
to turn to a Secretary of Treasury who's going to say, well,
you better be nice to the people who control five
hundred trillion to five hundred billion to a trillion dollars
that was a night ninety eight. It's a much bigger
number now, especially with financial fraud. You got to be

(14:04):
nice to those people. And so the question is, how
is the president and their administration going to hit the
red button or turn a green unless the states than
the counties are prepared to do it with them, Because
in fact, there's an incredible opportunity if you re engineer
the federal money to optimize the economy instead of to

(14:25):
institute central control. There's enormous wealth can be new wealth
that can be created, including with the blessings of new technology.
But what you're going to do in Brooklyn is totally
different than what you're going to do in Tulsa, which
is totally different.

Speaker 4 (14:38):
I live in Hickory Valley, Tennessee.

Speaker 3 (14:39):
It's going to be totally different in Hickory Valley, Tennessee.
It has to be decentralized, it has to be bottom up,
and of course, you know what Washington always wants to
do is centralize more power. I'll never forget being in
a meeting with one of the secretaries and we were
meeting with somebody and trying to persuade them to go
along with our legislative agenda. And he said, well, you know,

(15:01):
I thought you're a republican. I thought they liked to decentralize.
And one of the little policy wonks said, yeah, but
we're here now, so you know again and again, democrats
are republicans.

Speaker 4 (15:13):
That's what happens. Okay.

Speaker 3 (15:15):
So we published a study in twenty eighteen called the
State of Our Currency, and it was an overview of
the dollar system and what was happening in the dollar system.
And one of the things we pointed out was the
ability of the dollar system to extract subsidy that could
in fact pay back the or support the body politic

(15:38):
was waning. The other thing that was happening is as
the twenty one trillion had gone missing, we had failed
to provide think of that as a laundry out of
our retirement funds, and as people started to retire because
you hadn't provided the money in our retirement accounts that
had been promised, in fact, something had to be done.

(16:01):
And in fact what has been done is we are
steadily lowering life expectancy and bringing lots of immigrants who
put more money in the system, and that is delaying
the balance of the books. So essentially, what we said
is the system is long in the tooth and either
the subsidy has to be cut or changed, and the

(16:23):
danger is the central bankers will go to a system
of total control, which is what is happening. The next
thing we published was something about the going direct reset.

Speaker 4 (16:33):
Who here is heard of the going direct reset?

Speaker 3 (16:36):
Okay, the World Economic Forum calls it the Greater Reset.
But in fact, in the August of twenty nineteen, the
central bankers met at Jackson Hall, where they meet once
a year, and they reviewed a plan prepared by a
group of retired central bankers through the Blackrock Investment Institute
that laid out a plan on how you would reset

(16:58):
the global financial system. What we see throughout history we
have a model called central banking warfare. The central banks
print money and then the military and intelligence agencies make
sure everybody takes it and you keep the system liquid.

Speaker 4 (17:13):
And essentially what you.

Speaker 3 (17:15):
See if you go back through history, every eighty or
one hundred and twenty years, you do a reset. It's
like flushing the system, and oftentimes what happens is you
also move the currency system. So sort of the period
of the Spanish Flu was the last time we saw
a major reset, when the dollar. We went from a

(17:35):
pound sterling system to a duopoly between the pound sterling
and the dollar, and then after World War Two, the
dollar became the dominant system. So this is the real
reset and you can find everything at Hilary that included.
We did a piece on CBDC because part of the
difference this is the most This is a completely different

(17:59):
rese that we've ever seen. And that is because an
all digital technology, an all digital monetary system, gives you
the ability to do.

Speaker 4 (18:09):
Something very radical.

Speaker 3 (18:10):
And I will talk about that in a minute. The
other thing that happened, remember does everybody remember the Kavanaugh hearings?
Very salacious, very entertaining, very interesting, very galvanizing. While that
was happening, the Republicans and Democrats, the House and the Senate,
and the Executive branch agree to something called Federal Accounting

(18:33):
Standards Advisory Boards Statement fifty six. Doesn't that sound really boring?
And what I call it FASB fifty six. What FASB
fifty six did, by administrative policy, is said, the federal
government doesn't have to obey the laws and the provisions
of the Constitution related to financial management. It doesn't have

(18:54):
to obey the financial management laws, and it doesn't have
to obey the financial management regulations. Remember we hadn't been
obeying them since nineteen ninety eight or even really trying.
But literally, they adopted an administrative policy that codified the
financial coup that was happening. And what they said was
a secret group of people, by a secret process, could

(19:18):
take portions of the Federal Finance's balance sheet and income
statement expenses and take it completely dark by again a
secret process. And if you bring in the classification laws
as well, and the waiver powers of the National Security Director,
that not only applies to the twenty four covered agencies

(19:39):
and one hundred plus commissions, panels and other organizations of
the federal government, it also applies to the big banks
and defend contractors who do business with the federal government.
So what that means is, if you're an investment advisor,
you look at the stock market and all the large
cap stocks and the big bond issuers their financial this

(20:00):
is mean nothing.

Speaker 4 (20:01):
I no longer.

Speaker 3 (20:02):
Look at the financial disclosure of the US government because
it's entirely meaningless. Since fiscal twenty fifteen, which is the
last time we calculated the twenty one trillion Interestingly enough,
we've talked this in the last two days about the
debt problem. When when we did the full survey that
documented the twenty one trillion missing from DoD In Hut,

(20:24):
that was done by a wonderful professor from Michigan State University,
doctor Mark Skidmore and his students. When we published it,
guess what the outstanding debt of the United States was?

Speaker 4 (20:36):
Twenty one trillion dollars.

Speaker 3 (20:39):
Twenty one trillion of undocuable adjustments, twenty one trillion dollars
of debt. So again, we don't have a financial problem,
we have a governance problem. So FASB fifty six went
into position under a Trump administration. One of the first
things I would do if I was coming in is
I would end fasby fifty six. Okay, So after you

(21:00):
publish the going direct reset, after you published FASB fifty six,
what happened. We had a pandemic and the fut in
the FED injected five train dollars. And I'm going to
grossly oversimplify. The FED injects five trillion dollars, much of
that money going to centralize players and Wall Street, and
then it shuts down Main Street. So you have fantastic

(21:25):
monetary inflation, but you offset it with the deflation that
comes from literally shutting down Main Street. It's interesting that Biden,
nominee for control of the currency who didn't get passed,
had published a month before her nomination an article in
the Vanderbilt Law Review, and she said, the wonderful thing

(21:46):
about central bank digital currency is inflation is no longer
a problem. If you have inflation, you just freeze everybody's
bank accounts.

Speaker 4 (21:54):
Isn't that wonderful?

Speaker 3 (21:55):
Okay, okay, So central bank digital currency, central bank digital
The important thing to understand about central bank digital currency
in an all digital financial system is it's not a currency,
it's a control grid. Now, the process to implement central

(22:16):
bank digital currency around the world is being overseen by
the Bank of International Settlements in Basel, Switzerland, and the
Bank of International Settlements is owned by its members. The
New York Fed and the FED are both the board
of governors or both shareholders in the BIS. Sixty three
of the top central banks are in the BIS, and

(22:36):
they are running a process with a major partnership with
the Federal Reserve to implement CBDCs in their prototyping around
the world.

Speaker 4 (22:44):
In twenty twenty.

Speaker 3 (22:45):
October twenty twenty, there was a panel at the im
OFF on IMF on cross border payments. J Powell, Chairman
of the Federal Reserve, is there. Augustine Carsons was there,
and Augustine Carsons said the following, And I'm going to
play this for you in a second, but I want
you to know I was basically raised and trained to
be a central banker. I was asked to be a

(23:06):
governor of the Federal Reserve and declined. So, but I
was raised that way. And one of the things you're
raised to understand is you never ever you use pretzel talk.
You never explain clearly what you're going to do. You know,
you talk in circles. And this was the first time
I had ever seen a central banker in English explain
exactly what they're planning on doing and why. And I

(23:28):
almost fell off my chair. And if you think I
almost fell off my chair, you should have seen Jpal's face. Okay,
So here's Augustine Carson's fifty seven seconds explaining CBDCs.

Speaker 5 (23:39):
One of our analysis on CBDC in particular, for the
use of general to the general use, we tend to
establish the equivalence with cash, and there is a huge
difference there. For example, in cash, we don't know, for example,
who's using a one hundred dollars bill to we don't

(24:00):
know who is using the one thousand parcel Biel today.
A key difference with the CBDC is that central Bank
will have absolute control on the rules and regulations that
will determine the use of that expression of central bank
liability and also we will have the technology to enforce

(24:23):
that those are Those two issues are extremely important and
that makes a huge difference with respect to what to
what cash is.

Speaker 3 (24:36):
One of the tremendous benefits that the BI has has
in implementing this is they they operate under sovereign immunity.
They are protected from with rare exception, most laws and
operate behind They can keep anything under balance sheet and
keep secret so they are behind the walls of secrecy,
and they have established innovation hubs which also extend and

(25:00):
sovereign immunity to them. They have a committee at the
BIS that designates certain financial institutions, payment systems, and insurance
companies as systemically important institutions. And for reasons, I can
go into Q and A. If you're interested. We believe
they're extending sovereign immunities and that's why certain institutions, no

(25:20):
matter what they did during the financial crisis, don't get prosecuted.
But this is a map from the BIS website of
their innovation hubs at that time, and their partnership with
the New York Fed is obviously a major one, the
New York Fed being a leading shareholder both the New
York Fed and the Board of Governors.

Speaker 4 (25:37):
Okay, so the.

Speaker 3 (25:39):
Next video very short is Bowley used to work at
the back of China and now is the deputy Managing
Director at the IMF.

Speaker 4 (25:48):
This was in twenty twenty three. Last year.

Speaker 3 (25:52):
Bowley was talking about the programmability of money. Okay, the
programmability of money. So let's watch this.

Speaker 6 (26:00):
And finally, the third way we think CBDC can improve
financial inclusion is through what we call programmability. That is,
CPDC can allow government agencies and private sector players to
program to create smart contract to allow targeted policy functions

(26:29):
for example, welfare payment for example, consumption coupon for example,
food stem. By programming CBDC, those money can be precisely
targeted for what kind of people can own and what
kind of use. This money can be utilized, for example,

(26:52):
for food. So this potential programmability can help government agencies
to precisely target their support to those people who need support,
so that way can also improve financial inclusion.

Speaker 3 (27:12):
So hold up on this one. We're not going to
play it yet. So what does that mean? By programming
your money in a system where we have the cloud
and lots of software and AI, I can make a
different set of algorithms and rules for every person in
this room.

Speaker 4 (27:31):
I can track you.

Speaker 3 (27:33):
It's the equivalent of putting you round the clock STAZI
teams on you, but their software bots and their AI
and I can make up social credit rules as to
how you can and cannot use your money. And if
you don't accept my healthcare mandates or you don't expect
my spatial restrictions, I can turn off your money. I

(27:53):
can tell you where to go. I can tell you
how to go. I can have absolute complete control of
your life. And I can do it economically because of
an all digital system.

Speaker 4 (28:04):
And we'll talk about that in a second. Now. The
FED is the financial train.

Speaker 3 (28:10):
Tracks of the FED that our transactions run on are
operated by twelve private banks owned by their members.

Speaker 4 (28:18):
The lead.

Speaker 3 (28:19):
The lead flagship is the New York FED, of course,
but you have eleven other banks around the country, and
then offices within those jurisdictions. Those banks are run by
twelve FED presidents. One of them is Neil cash Carrey,
who was at the Treasury under Hank.

Speaker 4 (28:35):
Paulson during the bailouts.

Speaker 3 (28:37):
He's now the president of the Minneapolis FED. Last year,
he was asked about CBDC at a conference in Columbia
and here's what he said. So go ahead and play
that video.

Speaker 7 (28:56):
Seriously. So what is it that a CBBC could do
that ben Mo can't do? And all I get is
a bunch of handwaving. I get it. Well, maybe it's
better for financial inclusion, Maybe it's better for cross border
remittant says maybe, is there any evidence that it is?
And you know, they said, well, what about China, China's
doing it. Well, I can see why.

Speaker 8 (29:13):
China would do it.

Speaker 7 (29:14):
If they want to monitor every one of your transactions,
you could do that with the central bank digital currencies.
You can't do that with VENMO. If you want to
impose negative interest rates, you could do that with the
central bank digital currency. You can't do that with VENMO.
And if you want to direct the tax customer accounts,
you could do that with the central bank digital currency.
You can't do that with Venmo. But I get why
China would be interested. Why would the American people before that?

Speaker 3 (29:40):
Okay, so let me explain what's happening back to the
next thode.

Speaker 4 (29:53):
I need to click that.

Speaker 9 (29:56):
Up.

Speaker 4 (29:57):
Okay, okay.

Speaker 3 (30:01):
So, since nineteen thirteen, our governance and management system in
the United States and most of the Western democracies has
consisted of private bankers running monetary policy, and the people's
representatives the legislature and the executive branch, who works and
reports to them and follows their implements their laws. It's

(30:24):
a balance of power between the people and the bankers,
and that is how our republic has more or less
functioned for many, many years. The process began after World
War Two to start to embed more and more secret
avenues for secret money within the budget.

Speaker 4 (30:39):
That's where the trouble started.

Speaker 3 (30:42):
There's a wonderful documentary that made in the Netherlands two
years ago called State of Control, and it explained sort
of the whole history if you're interested, and there's a
lot of history at Missing Money dot Seleary dot com
but suffice it to say what has happened is and
it started in nineteen ninety seven, in my opinion, and

(31:04):
the planning started before then. A decision was made by
the central bankers to literally assert control of the entire
fiscal line. Because if I can use AI and software
to implement a digital ID and an all digital monetary system,

(31:25):
and I can manage that centrally, just as Augustine Carson's
just told you, he can make the rules and enforce
them centrally, then I, as the Central bankers, can assume
not just control of monetary policy, but fiscal policy as well. Essentially,
I can just cut out Congress and I can cut
out the executive branch. Now, interestingly enough, we see the

(31:46):
new administration saying they want to file all the civil servants.
Civil servants are the people who obey Congress's rules and
report to Congress. You shift them out, and you put
in big tech contractors and defense contractors, and they're going
to report to the Central bankers and the intelligence agencies
who worked for them. So when I was Assistant Secretary

(32:07):
of Housing, I used to have month long fights with
the defense contractors to get the data I needed to
just see if my programs were in compliance with the law,
or get them into compliance with the law. I have
a story after story of my war with the big
corporate contractors. In twenty twelve, when the new populist government
came in and wanted to change policies, they discovered their

(32:29):
taxes were collected by private contractors who reported to the ECB,
and they couldn't control their own tax collections. And that's
what happens when you use digital technology in an all
digital monetary system to literally institute money that can give
the central bankers at a very central level complete control

(32:53):
of fiscal policy.

Speaker 4 (32:54):
That is the.

Speaker 3 (32:55):
Danger not just of CBDC, but of a private system
that does the same. So we see people talking about, well,
let's use currency, let's use private crypto. Interestingly enough, the
central bankers still have legal obligations of transparency to the Congress.
They are a creature, they were created by Congress. They

(33:17):
have transparency obligations, and Congress can still change their authorities
and powers. And before this system rolls out, the central
bankers would love to take the FED wire private.

Speaker 4 (33:32):
And do this all privately.

Speaker 3 (33:34):
And that is even more dangerous and much worse because
then you're talking about parties running it on a private
basis that have absolutely no obligations under the Constitution to
the people or their representatives. So at the heart of
this debate is who's going to control the fiscal line taxation,
who's going to control taxation and how our money is spent.

(33:56):
And I assure you, if you love freedom, you want
to make sure or the people's representatives continue to lead
and manage the fiscal line.

Speaker 4 (34:04):
Of the House.

Speaker 3 (34:05):
And that is why you want to stop a digital
ID and an all digital monetary system, whether it's a
public crypto, CBDC or private. So let's just look at
the next slide. I call this the twelve steps to
total control. If you walk around your life, your life
is being digitized. Your equipment in your home is being digitized.

(34:29):
Your car I just ran in a new car. It
was I had to put post notes all over the front.

Speaker 4 (34:33):
It was so digitized and flashing at me.

Speaker 1 (34:36):
You know.

Speaker 4 (34:36):
But your transportation is being digitized.

Speaker 7 (34:39):
Now.

Speaker 3 (34:39):
The BIS is running a process to create a complete
inventory and all the assets in the world digital assets,
and they're going to tokenize them. We have smartphones, telecommunications, surveillance,
all of these can be very invasive, and it's amazing.
I spend so much time in my life with people say, well,
you know, I can live with a smart meter, it's

(34:59):
really not that much of a big problem. Or I
can live with my I like my smartphone. It's really convenient.
And you know, why do you make such a fuss
about QR codes. They're irritating, But I can live with
QR codes. Here's the thing on all of those things.
The problem is not each individual one. The problem is
the day you implement a digital ID and you implement

(35:20):
an all digital monetary system, guess what it synthesizes into
one integrated system, and your home.

Speaker 4 (35:30):
Your car, your.

Speaker 3 (35:34):
Community become a digital concentration camp. So let's let's go
back and look at what the pandemic looks like. If
I say you're going to lock down and you can't
leave your home except on Tuesday and Thursday to go
grocery shopping, your money won't work outside your home. If

(35:54):
I say, you know, I don't want you driving anywhere.
You know your electra. I can turn off your electricity.
You know, I can stop your electric car from working.
Some people say you can turn it off remotely. So
I have extraordinary control. If you misbehave, I can cut
or turn off your money. So we all know the
story of the Canadian truckers. We're talking about building a

(36:17):
system that allows the Canadian truckers to You know, now,
when the World Economic Forum says it's twenty thirty and
you have no assets, how are you going to operationalize that? Well,
I'll tell you how you're going to operationalize that.

Speaker 4 (36:33):
If you have.

Speaker 3 (36:33):
Total financial transaction control, you can pretty much figure out
how to inflate anybody's assets or even take them. I
often have people say, well, I have no assets. I
don't really care. I say, you have kids. They can
take those kids away, or they can mandate where they
go to school, or they can mandate their health policies. Okay,

(36:56):
so what can we do. There's a huge amount we
can do. I dare say, if I collected up every
portfolio and every retirement savings fund in this room of
everybody sitting here, if we could create an aggregate balance
seat and financial statement, guess who's financing the control grid?

Speaker 4 (37:17):
We are.

Speaker 3 (37:19):
We're investing in the companies building the control grid. Of course,
our taxes are financing the government to build the control grid.
If you look at the banks we deposit our money in,
we're banking the bank that did all the madeoff fraud
and was in complete control of the made offfront. We
keep banking with them. Our message to the companies building

(37:39):
the control grid, you know who are really running the
government is you know, as long as we get cut
in for a piece of the action, we'll support you.

Speaker 4 (37:48):
Okay. Now, I have to tell you.

Speaker 3 (37:50):
If everybody got up tomorrow and said, you know, the
New York Fed is leading this, we are pulling all
of our money out of the New York Fed beds
tomorrow we've had it, there would be a revolution. I
can't tell you how much power we have as individuals.
Control and freedom happen one person at a time. And
if you go through your balance sheet and your financial
statements or your actions, so if you come into solary,

(38:12):
one of our taglines is who's your bank or who's
your farmer? Where's your money? And are you supporting your
local sheriff?

Speaker 4 (38:18):
Okay?

Speaker 3 (38:19):
The powers not delegated to the federal government are reserved
to the states, and that is a provision that every
country in Europe has been a lot of time networking
and working in Europe. I live in Europe half of
the year. They would do anything to have our constitution.
They're so jealous. But the powers not delegated to the
federals are reserved to the states, and the states have

(38:40):
the power to do a great deal to stop this,
and they are acting and they are moving, and a
lot of the freedom fighters at the state level are
very enthusiastic about what's happening in terms of the Republicans
taking cur control in Washington, because that gives them far
more support to do something. So we have a real
window of opportunity. We just published something called what the

(39:02):
States can do Building the legal and financial infrastructure for
financial Freedom. We have a memo and all of these
were produced and written for state government officials and legislators.
What is financial transaction freedom, what threatens it, and what
can we do about it? And why a sovereign state
bank would be good for Tennessee a wonderful study by
Richard Warner, top academic scholar in the world. I believe

(39:26):
on central and central banking and backing. There are many solutions,
and there are now people in states who know what
to do and are doing that, and they need your
support and I have to tell you if the freedom
fighters at the state level can get your support, and
here's what it's going to come down to. We did
a backcasting on this layer with a group from North

(39:47):
anybody here from Idaho, from Northern Idaho. They have the
most wonderful legislators in Northern Idaho. We did a backcasting
and one of them said, look, I really want to
I really want to support the constitution, and I really
want to enforce the Constitution. But every year we send
a dollar to Washington and then we get a dollar
in nineteen cents back, and my constituency wants the nineteen cents,

(40:11):
and that nineteen cents buys us out of the law
outside the law, which is why I say instituting the
financial management laws is one of the most if we
want to be serious about turning the swamp, you know,
that's item number one. I just had a great meeting
with doctor Mark Skidmore. We were in Grand Rapids for
wonderful meet and greet, and he said, you know, a

(40:33):
lot of times I feel like I'm up here on
the fiftieth floor doing window dressing, and down in the
foundation they're digging a hole and the building's going to
fall over. So that's why we have to get deeply
into where's the money and what we do about it. Okay,
so we were talking about currency, but I want to
leave you with this message because remember, we don't have

(40:54):
a financial problem. What I will tell you is, if
we were free to re engineer the federal flows and
come back into compliance with the law, particularly with the
blessings of new technology, the wealth on this planet could
be so many multiples of what it is now that
words cannot express to you how expensive tyranny is. It
is a miracle that we have done this well despite

(41:16):
the drain of the tyranny.

Speaker 4 (41:18):
It's quite remarkable.

Speaker 3 (41:19):
And if you look at all the simulations I've done
of the federal finances over the last twenty and thirty years,
you know the price of tyranny is beyond what any
of us can imagine. So the if we can turn
this around, the opportunity is there. There's no financial problem
at the root of this. It's a political problem. It's
a governance problem. It's why I love with a school here.

(41:40):
That's what is it meant. It's got leadership in the title.
That's the exact important thing. But I want to leave
you with this quote, which comes from a Swiss doctor
who's trying to build parallel new systems in Switzerland. He says,
the currency of the future will be relationships of trust.
So I let it again with the Department of Justice

(42:01):
for eleven years. And when it started, they tried to
cut off all my income and all my credit and
take all my assets. It was quite a war, and
they I had an uncle and I sold him a
piece of our family farm to finance some of the attorneys.
And sure enough the Inspector General calls him and threatens me.

(42:22):
He says, your niece is a criminal and you shouldn't
help her. And then and they were asking for finances
on her family farm, and he said, well, I'll give
you all the finances, but I need a written letter
for my attorney.

Speaker 4 (42:33):
I just want to make sure this is clean.

Speaker 3 (42:35):
So that at nine o'clock at night in Portsmouth, New Hampshire,
they show up with three FBI guys and a guy
from the hut Eye g with a subpoena, just trying
to scare him to death. So our family had a
big meeting and said, you know, should we cut her off?

Speaker 4 (42:50):
You know, because we don't want.

Speaker 3 (42:51):
We don't want these guys coming after us. And my
uncle said, well, you know, she helped everybody all along
and so so she's always helped us. I'm not going
to cut her off. It turned out I'd never done
the numbers. But in this process what I had discovered
is over the prior twenty years, I had lent or
gifted to family and friends a quarter of a million dollars.

(43:16):
And I litigated with the federal government for eleven years.
And over the next eleven years, you know, everybody got
together and said, well, I guess she needs some money back.
So they got together and I didn't count it up
until we won the litigation, and they owed my company
a great deal of money. So I got the money,
and I was trying to pay everybody back, and I
did the calculations, and I realized over that eleven years

(43:40):
I had been repaid or gifted exactly to the penny,
two hundred and fifty thousand dollars, and I would never
have made it if it hadn't been for those funds
and my CPA when we got the money and she said, okay,
you know you stripped out.

Speaker 4 (43:56):
I had to. I had to play. I had had
to cancel that.

Speaker 3 (44:00):
They put my four toh one k under audit so
I couldn't use it to finance the company. So I
busted at paid two hundred and twenty five thousand taxes
and use the remaining money for just make work compliance.
It was sort of a dirty trick they do to you,
And if you've been watching Trump, you learn a lot
about how the game is played. But anyway, she said,
let's fund up the four to one K, and I said,

(44:20):
I'm never going into business with the federal government again.
We're going to take that five hundred thousand and I'm
going to bonus it out on the People Bank because
that's the only bank I trust. So the question when
people ask me how they protect their assets, my question
to you is the next four to eight to twelve
years is going to be rocky. Who can you count on?

(44:41):
Who's going to be there for you? Who in your family?
Your children?

Speaker 7 (44:46):
You know.

Speaker 3 (44:46):
I used to have investors tell me I can't you know,
my financial planner says I need at least twenty five
million dollars in my brokerage account, so I can't afford
my kids to go to college. I can't help them
and I can't help them buy a house. I said,
you don't understand who's going to be there, who you
can count on.

Speaker 4 (45:03):
That's who you've got to finance.

Speaker 3 (45:04):
So are we financing the control grid or are we
financing the future of human civilization or freedom? If you're here,
you're making a mighty contribution to the future of freedom
because you're supporting Hillsdale. So, ladies and gentlemen, thank you
for the opportunity to be here today. Thank you for
the opportunity to have this conversation. We have a little

(45:25):
bit of time for Q and A.

Speaker 4 (45:46):
Thank you, missus Fitz. We now have time for Q
and A.

Speaker 9 (45:49):
If you have a question, please make your way to
one of the microphones.

Speaker 4 (45:52):
Student questions will be given preference. Thank you. Thank you
for this report. It's very informative.

Speaker 8 (46:02):
You can see a lot of people came because we
want to hear what you have to say. This may
be a difficult question to answer, but for you maybe not.
A lot of it has been said about Elon Musk
coming in and cutting the national budget, finding ways the
government can save money.

Speaker 4 (46:22):
Can you foresee that touching.

Speaker 8 (46:25):
Any of the hidden accounts, the dirty money?

Speaker 4 (46:30):
So Elon Musk is a defense contractor.

Speaker 3 (46:35):
So if you listen to much of the discussion, the
criticism is the governments have been run by defense contractors
and we need to change. But if you look at
who we're bringing in, whether it's Peter Tiealen Pallenteer or
it's Elon Musk, we're bringing in sort of defense contractor
two point zero. So my right now, Elon Musk is

(47:02):
a very fashionable character. I think he knows nothing about
the nuts and bolts of operating government successfully. That doesn't
mean he can't bring innovation and creativity to the table.
But if I told you I was bringing in a
defense contractor from Silicon Valley to do Norris surgery on
your children, how would you feel?

Speaker 4 (47:23):
Right?

Speaker 3 (47:23):
Okay, So there is something to be said for people
who understand the federal bureaucracy is very complex and if
you take a hatchet to it, you can do more
harm than good, and you can also help the deep state.

Speaker 4 (47:37):
So if I wanted to.

Speaker 3 (47:39):
Put the central bankers in control, I would replace the
civil Service with all big tech and all defense contractors.
In fact, they're already in place. You have Amazon running
the CIA cloud, with the seventeen intelligence agencies all in
that cloud. You have them now over at Doto, you

(48:00):
with Oracle and Google, and you can literally, if you
get rid of the civil service, you can re engineer
the entire federal government essentially to report to the central bankers. Now,
there's been a tremendous corruption of the civil service over
the last ten to twenty years, but they can certainly
be reformed, and huge amounts of responsibility can be delegated

(48:23):
to the local governments and decentralized. So there's a great
deal that can be done to re engineer government in
a way that's very efficient, good for everybody. Leaves the
people's representative in charge of fiscal policy. Well, Elon Musk
do it.

Speaker 4 (48:39):
I don't know.

Speaker 3 (48:40):
I'm a skeptic. I'm not an Elon Musk fan. Because
anybody wants to put a mesh network in the back
of my head and hook me up to his satellites,
I mean, let's go back to this. I just want
to go back to this chart. Okay, So we have
the digital idea, we have the all digital money, and

(49:01):
with a mesh network in the back of my head
hooked up to a satellite, you know, I think I
think we know where that's going. Okay, So I can't
say I'm enthusiastic about that process. Now, if it's transparent process,
there are many great things that an Elon Musk could
say and do and you know, and they're worth a

(49:23):
discussion as long as the changes are made in compliance
with the Constitution. I have not heard one person on
the transition team talk about FASB fifty six and taking
the book stark, or talk about bringing us back into
compliance with the financial management laws. And what I will
tell you is an until unless we have that conversation

(49:44):
and do that, this is all sort of a.

Speaker 4 (49:49):
Coup.

Speaker 3 (49:51):
Okay, Now, I just want to bring something up right now.
There is a tremendous effort to sell conservatives and the
heartland a digital id by telling you that that's how
we solve election fraud and.

Speaker 4 (50:07):
Immigration.

Speaker 3 (50:08):
And what I have to tell you is we had
great border control and we had good elections before digital
technology existed. Okay, So don't fall for it because we
don't need it for elections, We don't need it for
the border. It can be useful, there's nothing wrong with it,
But if you are buying into you know, the fifty

(50:30):
seven varieties of marketing the digital ID. That is what
the next step is. And if they get that, they're
very close to getting the whole shebang. So can Elon
Musk come up with some great ideas? He apparently I
just saw a headline he's proposing that we stop funding
the Who What a great idea and a great money saver.
So I think I told everybody on November sixth, the

(50:54):
campaign starts on November six We have to campaign every
day from here on out for freedom. And it's funny
Congressman Massey, who I absolutely adore. He's constantly saying, shut
down the FED. And I'm always saying to Congressman Massey,
wait a minute, who gets the FED wire number one?

Speaker 4 (51:15):
And number two?

Speaker 3 (51:15):
If you shut down the FED before you get the
twenty one trillion dollars back, they get to keep it,
so don't help them. And he was a great We're
at a conference together at Polyface Farm.

Speaker 4 (51:26):
And he said we should shut down the FED.

Speaker 3 (51:28):
And then he looked over at me, glaring and me
he said, after Catherine gets her money back, does that
answer your question?

Speaker 4 (51:36):
Okay?

Speaker 10 (51:38):
Okay, great, okay. Thank you so much for all of
the information and creating such a great awareness in this space,
and I personally am in awe. You shared some ideas
about what we can do, you know, develop close relationships
that we we need over time support Hillsdale. You gave
us some other ideas about stage doing work. They're like,

(52:00):
what three things asides from those? I mean, are there
advocacy groups or yes, tory about this?

Speaker 3 (52:06):
There are tremendous numbers of things you can do. And
that's why I referre to you to I want to
stop CBDC, what can you do? Or the financial Transaction Memo,
because there are lots and lots of lists, and it's
important that each of us do what we're called to
do and we feel comfortable doing. And there are many things.
The first thing you can do is prayer. So I
really believe in the power of prayer. And when this

(52:27):
many people have to gather and work together. Prayer really
it just really helps. So the first thing I would
do is pray. The second thing I would do is
I would look at your finances and make sure your
finances are protected from the evil doers. Okay, you need
to be strong, and that means you need to strip
out of your life. You need to stop doing business

(52:50):
with criminals. And you need to stop financing criminals. Okay,
so you need a successful, excellent bank that's not a criminal.
You need to make sure your money is going into
things that you're proud of and feel comfortable with. And
that's a matter of going through your finances. We did
a great financial rebellion on PhD called how to Preserve
Your Cash in twenty twenty two, and then another one

(53:11):
on how to Preserve your Cash in twenty twenty three.
One of the things I will tell you, having worked
with many families, is there is an under investment in
this country in what I call living equity. Okay, So
all wealth comes from life. It comes from strong, healthy kids,
It comes from the soil, it comes from the living

(53:33):
things around us, and then it comes from great family
enterprises that do something useful for many decades and generations
and creates that wealth. And everybody has an opportunity in
their life to invest in the living equity around them.
So one of the most important things is how can
you build a healthy, local fresh food system. And that's

(53:55):
not necessarily to make money. That's to make sure that
you're not poisoned. Deteriation in the food system in this
country is scary and unless we build you know, healthy land,
rebuild the soil, and really build up regenerative farming and
local food markets. The last thing you can do is

(54:16):
we have a wonderful piece at Hilary about how to
get to know and support your state legislators. You have
great I just Cindy, can I pick on you? Where's
Cindy Sidey?

Speaker 4 (54:26):
Where are you? Okay?

Speaker 3 (54:27):
I just had one of the most awesome meetings in
my life with Cindy's daughter and her colleagues. In Indiana,
you have great government officials, great treasurers, great ags, particularly
the conservative ones, great legislators. There's a regenerative farmer in
Indiana's going in fabulous, a great lieutenant governor whose dad

(54:48):
was chaplain in Hillsdale.

Speaker 4 (54:50):
It was unbelievable.

Speaker 3 (54:51):
And anyway, so you have these great leaders, and if
you go to the state houses, all the bad guys
are they're working them, and the good guys busy doing
their business, they're nowhere to be found. So find your
great state legislators and support them. If you don't know
how to do that, find the activist groups that can.
So yesterday in Indiana we met through the auspices of

(55:13):
Leah Wilson at Stand for Health Freedom unbelievable group, gotten
a huge amount done.

Speaker 4 (55:18):
There are groups like this.

Speaker 3 (55:19):
Western Price is one of the great anybody here a
member of Western Price Great food group. So find the
groups that are really fighting for financial freedom or health
freedom or food freedom.

Speaker 4 (55:34):
One of the things we've always done.

Speaker 3 (55:36):
Is support the food freedom guys, because you can't control
the financial transactions unless you centralize control of the food.
And unfortunately, if you get financial freedom, it'll it'll give
you complete control of the food. So anyway, there are
hundreds of things I would access those resources, but again,
do the thing that you're most called to do and

(55:56):
is energizing for you. And I assure you, you know
we these ideas can keep you busy because part of
the thing is, if.

Speaker 4 (56:05):
I call it operation pushback.

Speaker 3 (56:07):
You know, in twenty twenty we said something's wrong, but
we're afraid. In twenty twenty one we said something doesn't
sound right. In twenty twenty two said okay, we're going
to take action. And then in twenty twenty three the
lawsuits started and the treasurers started coming together, and the
ages started to come together. And now if you look
at this, many of those people are inspired in galvanized

(56:28):
by the new administration and they are rocking and rolling.
And what I want to tell you is you want
to come over onto the freedom fighters because we are
having fun. It is really fun and it's a great
group of people. So so what state are you in? Ooh,
you got tough politics?

Speaker 7 (56:46):
Here?

Speaker 4 (56:49):
They're there, They're there. We got we Yeah, they're there.
I've got time for one more question.

Speaker 9 (56:56):
Hi, I want to thank you for your talk. By
the way, I wanted to ask just quick hypothetical. Should
this end up in the digital space where we're stuck
in a digital centralized currency? What happens hypothetically in a
case like what just happened in North Carolina where there
is no digital footprint after a disaster or something like that,

(57:20):
when you know people who didn't actually have cash on
hand couldn't go to the hardware store. So what happens
you know in e MP as a potential situation where
you don't have the digital infrastructure all of a sudden.

Speaker 3 (57:34):
So you either build local currencies in a Barterer network
or you basically you know, it's voluntary cooperation, and then
you scale up to barter and local currencies. If you
don't have that kind of infrastructure or create it and

(57:54):
with it create the food, energy, you know, other things.

Speaker 4 (57:57):
You need to have.

Speaker 3 (57:57):
Basic, real assets that will support that. The speed at
which your land will be grabbed will take your breath away.
And that is what we see happening in North Carolina.
That is what is underway, an attempt to grab a
lot of land. And it's been you know, I have
to say, because this is Veteran's Day. And if you
look at what our retired vets and servicemen have done

(58:21):
in East Tennessee and Northern CAROLINEA, it just it makes
you love and be so grateful you're an American. And
it's through that impulse that things are working. And that's
why I say the currency of the future will be
relationships of trust. When that time comes, what's important is
who knows you, who has a relationship with you?

Speaker 4 (58:43):
What can you do to help each other?

Speaker 3 (58:45):
Okay, ladies and gentlemen, thank you very much for the
opportunity to be here at Hillsday Your Life for Michael.

Speaker 2 (58:52):
Berry Showing podcast. Please tell one friend, and if you're
so inclined, write a nice review of our podcast. Comments, suggestions, questions,
and interest in being a corporate sponsor and partner can
be communicated directly to the show at our email address,
Michael at Michael Berryshow dot com, or simply by clicking

(59:16):
on our website Michael Berryshow dot com. The Michael Berry
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(59:42):
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Where not, we take all the credit for ourselves. God

(01:00:02):
bless the memory of Rush Limbaugh. Long live Elvis, be
a simple man like Leonard Skinnard told you, and God
bless America. Finally, if you know a veteran suffering from PTSD,
call Camp Hope at eight seven seven seven one seven

(01:00:23):
PTSD and a combat veteran will answer the phone to
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