0:03
Everyone, thanks for joining.
0:05
Strategy here, Today is June 22nd, and I appreciate your patience because I'm probably gonna cut this to 730.
0:12
My goodness. I'm 45, I just don't feel well. I probably shouldn't have done this call, but I really was eager to share some things with you, and I've gotten a lot of calls in the last few weeks about right to travel.
0:21
And I just want to share with you a quick story about my experience with that way back in the nineties, and nothing's really changed since then.
0:28
I've been observing this, this whole battle and what people do, and they're using, they're treating the court and the police power as an adversary. I think that's the problem. So let me just give you my perspective on this whole thing of right to travel.
0:43
Mostly when we're traveling, we're, we're driving on streets.
0:47
These streets have an easement, that's an public right away.
0:51
And they ended up becoming police because we asked the police to do this.
0:54
And now this is what I'm gonna get into, but let me give you a quick story.
0:59
So in 94 and 95, I was learning very beginning, learning how to understand administrative law, And one of the easiest cases to handle was, isn't inside of them.
1:12
one of the easiest cases to get into was a traffic citation. You can get one. Everybody has one pretty much. And you can test out your theories and try to argue the case, and that sort of thing.
1:21
So I watched many people talk about.
1:24
They can drive without licensing and registration and all these things, and I read the case law that made sense to me.
1:30
And I didn't see anybody.
1:31
When I saw law, smart people arguing the case, go to the appeals court, always go on the appeals court. But they're taking up their entire lives arguing this.
1:42
So, I figured out, I don't even know. I'm just going to try something.
1:47
So, I went, I didn't have a car at the time, I've given my car away, and I went and bought myself costs.
1:53
Yeah.
1:55
So, I got myself this little 19, 73 Volkswagen bug.
1:59
Why? I don't know. It was available. So, I ran, Great. So, I got this bug that I didn't register.
2:06
Now, before I did this, I I canceled my license, and I'm sorry that it started with Battelle, for those who may not have heard this. So I cancel my license by literally cutting it in half, and I send it to share our pio.
2:21
As it turns out in.
2:24
BX Arizona, where it was Phoenix, Arizona was at Maricopa County.
2:31
The DMV sent me a nice letter saying, OK, you can't such license and there's a difference between being canceled and suspended.
2:38
If you wait and let your license expired, it becomes suspended.
2:42
This is essentially the same as a warrant for arrest, and it's a police officer that discovers this on the, on the scene, has the discretion to arrest, you are not taken into custody or not.
2:56
So, I don't like those situations.
2:58
So, in any case, I cancel it.
3:00
Today, I commend Striving Mind.
3:02
73, but around the inter-state 10 out there in Arizona.
3:06
And I was wanting some Monday morning in traffic, and I found a duty officer driving along doing his job.
3:14
So I emerged in front of him and waited for about two minutes till he put his lights on, and then he stopped me and wrote me a ticket for driving without registration.
3:24
And he discovered that I had a canceled lesson.
3:27
Um, Now, I didn't have to do it this way, but I chose to do it this way. I thought it was the proper thing. I refused to sign the ticket and the rest.
3:34
So I ended up in jail for like six hours, so I get out of jail. That's really no consequence.
3:39
I, we go through the time period, it takes, it takes a few months, So we get a trial date.
3:47
So I go to the trial, and I was prepared to just argue about all this case law from 150 years ago, like many of you, Are you wanting to talk about the courts before say that we have a right to travel when we're not involved and commerce and transportation, OK? I agree with that. No problem.
4:05
But they're going I think they're going about the wrong way.
4:07
So in any case, I was ready for all that.
4:10
Well, as it turned out during the, during the trial, the cop.
4:14
I had him on the central, like 90 minutes, and by the way, this judge down a Tempe Arizona key, does not want anyone who's not familiar with the case that you're the proceeding, which is weird because it's a court, right? So he deliberately held a hearing after hours.
4:30
So when the court literally locked up stores at 5 0 PM, he began the hearing. So I called my witness, which is the caulk.
4:36
And by the way, it's kinda funny because we had like 15 or 18 people that were my friends. They were all studying this stuff and they were all in the courtroom, so kinda surprised the judge, and he let us do all that.
4:48
And he actually said, he liked the arguments, but he just felt like in the end, you just gotta have a licensing system.
4:54
So anyways: Towards the end of the trial, the prosecutor had to make the point to the judge that at the time of the custodial arrest, when I would stop, it was discovered by the police officer that I was not a resident by virtue of the fact, I had a cancer license, so not not having a valid license means that I may non resident.
5:15
As a matter of record, non residents are not subject to registration, assuming I even own the car, because it wasn't in my name, I didn't even title.
5:23
There was, in the sellers, they might even change the month.
5:27
So, the judge, um, the judge.
5:35
Within 15 minutes or so, because we have more discussion to find in favor of the defendant. Not to dismiss the fines and this sort of thing.
5:43
Then, he held responsible for having a cancer license, Which is interesting, because that would have been discovered, right, If it weren't for the registration, Which that wasn't a valid stop. You know, so it's like A catch 22, but I didn't argue it.
5:55
I just page defined in real estate license, and on my way out of the courtroom.
6:01
You know, everybody's like, Yeah. I'm like, OK, what did I do?
6:05
What have I done?
6:07
If I showed you how to do this, and you, now think Maybe your friends going to do it, or something, and he's gonna think that he's not accountable anymore.
6:14
This is what I want to impress on everyone, about the right to travel.
6:18
OK, And I would say we have a right to travel, but let's do you have to understand what we're talking about, let me check them, so.
6:26
All right, thanks for the comments analysis, OK, so, when when we're traveling on the roads, typically, they came from some of the older roads, now, some of the newer roads, that's all the different comes from, comes from city planning.
6:40
But let's just say in the traditional sense, the roadways that people normally use, like the highways, they've been around for a long time.
6:48
Those came from private property owners.
6:49
Those came from ranchers and farmers and these people that conveyed easements so that others can travel to their property because guess why, they're already doing that.
7:00
So why not?
7:01
Why not not be the church?
7:04
Why not do the nice guy said, Well look, I can't even see that far on my land. Drug or trucks because I'm going to use that road also right, next time.
7:12
So these easements came from not god, OK, they came from private property owners. Maybe they came from the government ultimately but remember, the government took the land from the audience, knows who they trigger a traffic ticket for each other for decades, etcetera.
7:27
But, in any case, right, to travel, how can you say you have a, let's call it, absolute without condition, you have the absolute right to travel on these public rights of way.
7:34
When these are permissions given to you, to exercise a right, you have a right to trial, you have a right to go out into the woods, and kill an animal. And use this meat for food and use its structure for clothing and shelter.
7:50
You have that, right?
7:52
But, what does that right look like on someone else's property?
7:56
Albeit an easement.
7:58
So the easement is a privilege.
8:00
Now, I don't like the idea that driving is a privilege. I don't agree with that. I think that there's a distinction between use for commerce or not, but we need to understand.
8:09
Forget what the government wants us to talk about.
8:11
I'm talking about for us, I'm saying, let's look at our heritage, We inherited this, and this is how we inherited it.
8:20
So we are, we are enjoying the use of the public rights of way, because people gave up, or shared the rights they had exclusively, at some point.
8:30
So with that in mind, how did, how did that easement developed from that point?
8:38
So people aren't using the wrote the roadways, and yeah, there isn't it was a big, became official. Then, in order to make that work, more people were more people started using it, right? So then you had traffic.
8:50
Once it was discovered that, hey, this is the way to go. You go to this, you know, route and that one east, west, another 70 miles.
8:56
So many people started using these rights of way, and they use for everything for commerce that used for travel.
9:05
So, at some point, somebody has to be designated the caretaker these roads. They have to take care of them, have to make them. They're just like trails just like trails in the mountains, right? They always have to be clear. You got people. If the people they go to their mouth most of the time though, Charles will be grown over the popular hiking trails.
9:23
So we have a need for the maintenance of these roadways, and we have to pay for that. So this is where the infrastructure comes from.
9:30
We need, we need safety.
9:33
I can't be there every day to make sure people say that, I need other things to do.
9:38
But we can, we can collect money and allocate faculty for that purpose.
9:43
We can have people that are trained and skilled, and their purpose is their mission is to make sure that the use of the public right away there, that would say.
9:52
So this all comes under the public safety doctrine.
9:55
Yeah, you can look it up on the Internet. I don't, I'll try to find the actual document. Here's what I'm gonna, I'm gonna guide you to this.
10:01
If you ask me, what the heck is not public safety, I'm gonna, I'm gonna look at, I'm gonna have you look at a case called Gibson versus ... Gibson versus boil.
10:12
Those in Arizona case, it was fairly recently, more than 30 years ago, 50 years ago, maybe, and that case is based on a criminal proceeding, known as state versus rich.
10:21
Those all look to the Supreme Court.
10:24
So these are holdings that we can rely upon.
10:28
So here, I'm going to summarize it for the Public Safety Doctrine, says that, unless you're unless you pose a risk to the life, limb, or property of another, then you're not subject to.
10:42
Let's call it the strict liability statute. Right. This is another aspect.
10:46
Then we have the other aspect, where, in the Constitution, we have to talk about, the government has the right to regulate commerce, and so we have this public safety net, we have Commerce Clause, right?
10:56
Nowhere is it discussed about the private use, But again, this is the nizam it.
11:01
So if I'm the police power. And people have said, please, please, please: police easement.
11:06
And I'm gonna say, OK, well, you're going to identify me, and you'd have to pay for it, OK, so we all pay for it.
11:13
If I have that position, I'm gonna get money from as many people that use the roadway as I can, and I think that's where we are. Yeah, I understand that the, the court system, and the traffic court is a scam. In many cases. It's not. it's not fair. And it's also pillaging ...
11:28
trust, and I understand all that I'm not talking about that right now. I'm just talking about on the surface, what everyone can understand.
11:35
I think.
11:37
So.
11:38
The reason I'm saying it this way is because the easement right is something we inherited.
11:44
But it's not an absolute. Right.
11:46
It's a, it is a privilege that isn't right now, I'm not saying driving is privileged like, they'll tell you, I'm just saying exactly free and clear of they obligations, you got it. You inherited, it wasn't yours, it wasn't in your family, so we have the public safety doctrine and all this.
12:02
So, how do you, How do you exercise the Isn't the right public safety, as a police officer, Sheriff's Department, whatever, you have to follow rules and laws? and you have to be bought it, and it takes money on training.
12:12
All these things that we have that infrastructure and probably, the best thing government does is regulate travel.
12:19
In fact, it's probably the only thing that does very well Unless we count, trafficking, money laundering, and genocide. Governments pretty good at that, too. But as far as good things, the government is really good at regulating traffic. I mean, how can you argue with it? Look, it's logical.
12:35
Not the people follow the logic all the time. That's all, we have, risks, but the system is pretty logical, and it's pretty safe.
12:41
So, this is my point here.
12:45
An easement right, is not exclusive.
12:50
Just like you have a AAA that comes out, fixes your car on the road, right. Young road rage or to other services.
12:56
For years, I thought, well, without AAA people couldn't get help on the roadway. Now anybody can do it. You can do from higher. You can do, because you're a nice guy.
13:04
So it's not exclusive, isn't it right, is not exclusive, But how do you, how do you duplicate, let's call it the police power on the easement, right.
13:14
How would you create a parallel system on the salesman?
13:18
Legal?
13:20
Well, how are they doing?
13:23
The DMV has got, it got everyone getting a pay tax to the state is clicking attacks. Right?
13:31
And they're claiming that the taxes for something that would otherwise be illegal.
13:35
So if you don't pay the tax using the public rights of way is illegal unit, for private purposes, what I'm saying is, because the Eastern rights are not exclusive, but yet we're not doing anything beyond wining, challenging, complaining about the system is there. We're not creating a better system.
13:54
Why don't we create a system that has easement rights, but it also has obligations. So I guess my point is from it isn't right. You have obligations. Obligations that are public safety.
14:04
You also have obligations under, um, maintenance care of the right way.
14:11
And I believe, just like in maritime law, I think you have obligations to help your fellow man if you see some limits, you know, needing help.
14:17
So, so all these things come into play, but never do, I hear someone talk them out.
14:22
I have a right. I have a right to travel.
14:24
Never have I heard a person say, Yeah, it stopped and helped us want to change your tire.
14:29
I'm not saying That's, you know, that's your obligation all the time. That's our qualifying factor. What I'm saying is our attitude should be that. It's not about, hey, I have a right and therefore you get on my way.
14:39
You're all wrong, OK, fine, let's say that's true, But what we need to do is act like the parents that created this system we inherited it. Let's take care of it.
14:48
And let's set up a membership club, so that people who qualify, who are safe drivers, and yeah, let's look at the driver.
14:56
Let's look at it.
14:58
Let's issue a membership to that person who's a safe driver.
15:02
And we have our criteria wherever you think that is.
15:05
We can draw statistics to you.
15:08
And we can manage that membership to the Blockchain.
15:10
Now, we have pretty good technology, and that's a paid membership. Doesn't have to be expensive.
15:15
And we have our own rules and qualifications, meaning that, I would argue that if we were to do that, the safety standards would be at least a little bit higher than they are.
15:27
I mean, look around out, some of these people should even have a driver's license, OK?
15:31
What I'm saying is, like, some people, the other day I was wasting my dollars at the gym, and I watched to people try to parallel park, know, these are adults, you know, they're not even, there's probably a million traffic and they can't even parallel apart.
15:44
So we need better drivers so we need to take responsibility better, drivers need to have a system of accountability, we needed gentrification.
15:54
We kind of have that, I don't know if you guys are aware of this, but the fact that you have a driver's license provides a level of identification for yourself.
16:01
I think it's like $15,000, plus I don't know where you find that out. It's probably the county.
16:04
The state of the DMV has it.
16:08
But if we were to create our own club, and that people came into that club, under these criteria, and we allow them to use the public rights of way because we're also taking responsibility for maintaining easements and the public safety aspects of it.
16:23
However, we do that, I'm not going to go into too much detail on that, but we take on that responsibility and we do it as a group, and then we negotiate with our local police and sheriffs and we put them on notice, and we explained.
16:36
Here's what we're doing. We want to encourage safe driving.
16:40
We have a private membership club, and we're only allowed these types of members and we have severe penalties for people that are reckless or whatever, you know, and we want to make the roads a safer place, but at the same time, we also, instead of breaking down the system or tearing it down, because we don't like where this is going with the licensing is why we talk about this, because the licensing is being hijacked for not just paying attacks. No, no, they're collecting are monitored game. I don't like that. They're going to walk us out of society with a system. That's why I'm even talking about this.
17:09
So, this is not the purpose of having the driver's license, so what we want to do is not so much have a license because, as a private club, we're not collecting taxes. We're collecting membership fees.
17:21
Alright, so it's just like with the farmers lawyers, They don't pay it, they don't pay a license fee. They don't have a license. No lawyers have allies.
17:28
Doctors have licenses.
17:30
Their competency licenses are.
17:31
but in any way, it is a tax provision of doing something that would otherwise be no model.
17:38
Board members are not paying attacks.
17:40
They're paying a bar membership after meeting certain qualifications.
17:44
So, that's just one great example of why we can do and how we could do it.
17:48
This is an old understanding, but we have to take responsibility, We have to decide to do it. How would you do that?
17:55
Like if I'm going to do that, I'm gonna start running my own rules. I already have my own rules. I have certain rules, I teach my children.
18:00
one of the rules is, when I teach my children to dry, I tell my children ages 14, 15 to draw, I taught my, this is sort of a pandemic as I started teaching my 14 year old drive the car.
18:12
I thought, OK, this is going to be, you know, maybe going to drive and the first rule I teach is in order to be safe. You have to first be courteous.
18:21
As long as you're courteous, you're probably going to be safe.
18:25
Then, most of the time, don't yield the right of way, you're not being a nice person. Just take the right away because it creates unpredictability. C So, there's a couple of rules.
18:34
And, we can have like, 12, or 15, or 80 rules. It doesn't matter.
18:37
And, on the organization, So, if I were to do it, I would, let's say, have a repository of communication. So, it'd be a website, it would be a set of rules there, it would be a policy statement. It would be a membership application form.
18:50
And I would, I would want to see your driver's license record, You can go pull it and send me a copy.
18:54
Right. And that would be private, and this sort of thing. And you have to identify yourself.
18:58
And if you're stopped by the Sheriff's office in year, one of our members, you would not have a valid state driver's license.
19:05
You would have a membership, but we would already have that, established with the sheriff's office and we would honor what the sheriff did.
19:11
If you were not being saved, we're not going to challenge them.
19:15
OK, so, there's that aspect of it.
19:18
But, what happened is, we could then have this freedom that people are talking about, I think, and not be under this licensing scheme, we can decide our own terms or exercising our rights, to use the easements, the public rights of way.
19:32
This is, this is just, I've been thinking about this for probably a few years now.
19:37
There's more detail and basically, it's a private club that can go off and use the streets.
19:43
And out of respect for the system that we created, we need to co-ordinate our membership and its activities with the sheriffs and local police.
19:52
And let them know that our members are accountable, but yet they are not driving around with licenses. And they may not have registration, we might have some other, like we might have.
20:01
Sorry about that.
20:02
You might have a QR code, for example, on the back of the car, right?
20:05
So, and maybe it's only accessible to law enforcement.
20:10
So you do have some privacy in the membership.
20:13
There's a lot of things we can do with technology, guys And we're not even using the technology I mean, I'm just giving you an idea But for all these people talking about right to travel. Let's let's just do it. Let's, let's have the right to travel. Let's form an organization.
20:24
People form organizations all the time.
20:27
They have their membership criteria, they have the rules, they have, you know, the payments, and this sort of thing.
20:31
And then you just make it available, you screen people out, and you accept others.
20:37
So, anyways, I just wanted to share that with y'all as far as the right to travel goes.
20:42
Now, back to my case.
20:44
The summary of the explanation as to why I won that case, if you want to call it that, I proved it could be done.
20:52
It's because I made myself a non resident.
20:55
If you have this membership organization, you will be using the public rights of way as a non resident. You will not be subject to the statute's. There's one other thing I want to talk about too.
21:05
The reason why you get a traffic ticket and there's no injured party, It's because the license holds you to the strict liability of the statute.
21:14
It doesn't matter if someone's injured because they excluded the principle of men's raya intent.
21:20
They exclude that from the statute, because it's an administrative proceeding designed to fund itself.
21:25
Take as much money as possible as fast as possible. If they had approved mens rea every time, they wouldn't they would win maybe 10% of the cases.
21:33
You see this.
21:34
This is an excellent, efficient system for collecting as much revenue as possible. I'm not saying I like it. I hate it.
21:41
But it functions, and I don't like, I mean, it's getting worse, I mean, I don't like the cameras, they're just their businesses. Right? You put up surveillance cameras on an intersection, just going to make like, probably you're gonna make $50,000 a day probably that anymore. And I see all the time, I see people that just can't wait, to go run that light, and then all you see a camera flash.
22:00
You know, they're getting a ticket to the male, so, but anyways, that's what, that's what you wanna look at.
22:06
I would say, Let's, if you wanted to consider replicating the system that we allowed to take place, I like that system as far as its efficiency, OK.
22:16
Just like, just like watching a lion kill, an animal is extremely efficient. It has to be the only guest that animal them once every 10 efforts.
22:26
You can't argue with that.
22:27
It's efficient.
22:28
I don't want to be the envelope, Know, the driver's license system. The tracking system, That is extremely efficient, and I want it to stay that way.
22:36
I think we have a chance to share, isn't it right?
22:39
With the right business transaction, interacting with our government, actually supporting our government and actually setting a better example. What if we set the example that we can have responsible drivers, and they are way better than the drivers you guys are getting licenses to? In fact, you guys are negligent about getting licenses out to people, look at all these, look at all these racks and people texting and driving you're doing that.
23:01
You're giving us a lesson is our members don't have that problem.
23:05
So, if you set up a better example with a better system, I think that, you have all the power, it just takes a little time. There needs to be an accounting function that needs to be begging function. I think there needs to also be some sort of revenue sharing.
23:18
I think there needs to be a system of bonds, so there's a whole money system there, but the whole business.
23:24
Really, OK, But that's the thing. If you want something that's important to you, it takes work.
23:31
You can't just here's some guy say, Yeah, let's do this, and tell them that. No, you have to take responsibility for your use of thing, a thing that you inherited.
23:44
Right, let me see if I can go.
23:46
No, if I give you some questions, I'll do a few, but I've been really at my end here.
23:53
Uh, yes, so the cover letter I did on the on the eisa coins, I'm not saying Hey, disclosure account, OK, it's it's rather the interface, OK. What I want you to understand is: This is what my job is: I want you to have language that you can understand, that you digested, that you can then use in conversations.
24:12
Like my grandmother always said, you can say anything, anybody, if you smile at the same time.
24:19
I can tell you firsthand, share it as a word.
24:23
Sure, it does work.
24:25
Senior, sorry.
24:26
Yeah, So, the Chancellery, I just want, I wrote that letter because maybe you can reward it and then use that letter format and maybe take some things out, but I would not just blindly just send that to the bank because they're gonna get ****** off.
24:39
And they're going to be able to that, maybe take a couple of parts out. Maybe just have an understanding, so that way, if the campus, to get open, you could ask, Why not?
24:47
And then you can look at my letter, said, all right, let me word it this way, and then respond back in that way, that's why I did that.
24:56
Right.
24:57
If they want more info from you. Now I'll give you some language. Like the other day, somebody was telling me, The bank or the exchange is asking for a social media websites.
25:07
No, you can always ask, I'm gonna give it to you, so the response back was, and what does this have to do with me, being your customer, and using my supplier, Hey, can I have your social media websites?
25:21
And, of course, the person is responding with soap, apologetically, no, we don't need it, I'm sorry.
25:26
OK, Jacob, I'll life.
25:29
If you want to, go ahead. What do you want to ask?
25:33
That's funny, man, that's good. Yeah, Yeah. Like, if you make people think about what they're asking their son, they're like, Oh, my God, of course. Like, what am I talking about? No, I can't know. You don't just have to always give a talk. Yeah. Yeah, the thing I wanted to ask you about was, um, I follow, you know crypto, Jay.
25:53
And, and, you know, he put out a recommendation of, of having maybe like a few other bank accounts, too, like, say, like one at like the Singapore development bank.
26:05
And then maybe one in like, you know, like a beneficial jurisdiction, like Hong Kong, something like that.
26:13
And I'm just wondering if there's any, any issues with doing business, doing, doing business in an account that you know, is off shore like that.
26:26
Well, as a US. Citizen or never offshore, so be aware of the financial crimes network and some reporting documents, Like I heard you say that before, so let's, you can have a nominee setup, and I have a couple of high net worth clients, and I set them up with complete nominee services. There's nowhere so it's not for us.
26:50
Yes.
26:52
I can't hear you.
26:56
That's me.
26:57
So he's here.
27:00
So it sounds like he's using nominees.
27:04
Crypto J, I'm not going to assume that, but I can tell you this, I mean, don't be enamored with type of bank account. don't be enamored with the type of structure. Understand what it is you're trying to do. If you call me ask my painting of this thing in Nevis or something, I would say, OK, that sounds nice.
27:23
So what are you doing with that?
27:24
Why are you nervous? Yeah. What is your purpose? What is what do you perceive your risks to be? What are you trying to build a hotel?
27:31
Yeah, right.
27:32
So get the get the account, the accounting or the banking facility that is suitable for your exact purpose purpose. I have so many people that, they have a bunch of money.
27:41
They park it off shore, and I say wanted to do that, and I don't know, they didn't do that sort of thing.
27:45
So yeah, have a purpose, and then pick a jurisdiction.
27:48
Now, there's a generic jurisdiction that I like. Now, I've never used it. I know some people that have.
27:54
There's a generic one for business in other countries. If you're in the US.
27:58
It isn't Hong Kong. It's an international business company.
28:02
The Hong Kong IBC.
28:04
It's probably cost about five grand and set it up and it requires an office with an accountant. And I'll take another person and they have services. You can at least the services, there's a carrying cost or something like that. So a Hong Kong IPC is kind of nice, because I can, I can make profits anywhere in the world and I can bring them back into Hong Kong and it won't be taxed.
28:24
I see.
28:26
Yeah. Sure. I mean, I know a lot of money comes here to the states because of the corporate structure because the, Delaware, because of the actual, because of the privacy. A tax treatment ironically.
28:38
We actually have a lot of privacy tax treatment privileges here, if you're a if you're a corporation, I'm talking about like a mid-level or higher like two, $300 million a year.
28:50
So, yeah, just have a purpose and then go find the tool. Don't go be an hour by the tool.
28:56
Find a purpose or not. Yeah.
28:57
So go about your thing, you want to do this thing and what kind of tool should I use? I don't know what's over there. I'd like to be local, so if I'm going to do something for real another country, I will just use a joint stock company in that country typically.
29:09
I see so if it's like for the purpose of, say, diversifying your bank accounts to hedge against, like, know, it, like, US. Bank and so on. And stuff like that. Alright. This is a different purpose. Alright, so this is the purpose that everyone's starting out, so.
29:26
So, you're talking about systemic failures.
29:29
Yeah. Being treated like a third party creditor and getting to, you know, taking a haircut, You know, Yeah.
29:36
Alright. So, I have a very limited understanding. There are people to have a better understanding, but I can tell you from my clients and what I've seen that precious metals that's really not a replacement for that.
29:46
Paper contracts, OK, instrument's, things of this nature that will always exist.
29:53
These are where you would store money.
29:55
OK, so to avoid a collapse, I mean, there are versions of that.
30:01
Now, let me just give you just a crazy example.
30:03
So let's say I'm going apart $20 million somewhere.
30:08
Yeah, so maybe one of the things I like, I like to consider doing is buying copper finished copper.
30:15
Like, why are intubate not comparable work?
30:18
I'm not storing copra that's ridiculous.
30:20
But I need to buy into the supply chain of copper. Copper is the most recycled metal on the planet isn't about because the metal.
30:26
Yeah, it's the most recycled on the planet.
30:28
I want to bind the supply chain, so what I want to do is invest in a company, or contract, yeah, have a contract with a company that makes finished copper products. So, the one thing I would do, is like this. Here's an example, let us say that, this company produces X amount of dollars worth of copper every month, so much ... copper in finished products. And so, it has buyers.
30:51
So what I would do is say, let me be the buyer, and I'm gonna guarantee that, I'm gonna buy it, then your customer can buy it.
31:00
I'm going to be the middleman.
31:02
We can work out the deal and pricing and so forth. But the benefit for them probably is that it's going to be bought.
31:08
Maybe they don't care. Maybe it's gonna be bought, and they know that. But I'm just saying, as an example, if you could pull this off, so, here's what you've done. You parked your cash into a contract, and the contract is based in copper.
31:21
That is copper. Where there's a demand for it. So that's a pretty mature thing, and it's out of the banking system.
31:26
So, you can think of it like that.
31:28
Also, I mean, if I really don't like encouraging people to buy stuff, it's stick it somewhere.
31:35
People buy crypto, and they put it on a religion, they wait, wait, wait, wait, not doing anything with a gold cash, and ... on it.
31:43
But as a, as a go between, before, between deals or something, you could use list items.
31:49
That's another, another one that's even more liquid product and precious metals, probably with higher net worth. No transaction.
31:57
Well, it sounds like you'd like to have your You're not worth like working in different Projects and Endeavors and things like that.
32:06
Rather than say, Yeah, in some in the garden.
32:10
Yeah, I want to have money tied up somewhere That I'm going to make money with it.
32:15
I actually like lambda.
32:16
I think I can make money with it Or I'm gonna maybe put some money into someone else's project.
32:23
Because he has expertise something that maybe already making money, so that's another thing which we are not being a sham.
32:35
So look, and the commentary on the, OK, so I don't want to OK.
32:40
Yeah, I like the we do need to keep some drivers for entertainment purposes, as long as you're burning anybody via the parallel parking is actually quite funny.
32:48
Know what we should do probably rig up a camera, just film that street all day long.
32:55
What if we could get paid subscriptions for it? See that I just gave you guys a million dollar idea.
33:00
Yeah.
33:01
Here's here's a stupid idea. I was told my wife so we go to Bulgaria.
33:05
And we walk around in the middle of town, downtown .... They have no intellect cars in there. So the streets are. But people walking around you can even pipe over there.
33:14
So I was just thinking, why not get one of the shop owners to put a couple of camera angles up above, and let people know that they're on film as they're walking by. And watch how they start interacting. And they can see themselves on a monitor or 2 or 3.
33:29
And put them on a live feed channel on the Internet, and how much you want to bet people would pay to see it or get involved with it.
33:37
It's so ridiculous.
33:40
Things like that.
33:44
Yeah, so like for example, let's say the PMA, and you're one of your members, you know, is is breaking the glass because I'm gonna adopt the Dropbox integration.
33:54
I'm not gonna put up new traffic laws. Somebody figured out that there should be some engineer's figured out that 55 miles an hour on the street isn't good speed.
34:04
Then we have to adjust according to the weather.
34:06
So you have to have a way to penalize your member.
34:09
You're not going to put them in jail.
34:11
But what you can do is you can, you can deny his access, right?
34:15
So he doesn't have credentials anymore, or each to status credentials, or, you can take money from his bond.
34:22
It has all kinds of things.
34:29
I would not draw on an expired license unless you know what you're doing.
34:33
I know the people. There aren't people out there that know how to know what the laws are in their rights, and they can be just fine doing that. I'm not one of them.
34:41
I don't do that anymore, but there are some, I've heard people tell me some interesting stories. And I trust that, they're telling you the truth.
34:46
I can just tell they say, you know, there, they went through a lot of problems to get to the understanding. They have, so, but yeah, just keep a good standing.
34:54
I'll just say, if anybody wants to do it, I mean, the business, I would call a non-profit.
34:59
And again, it doesn't have to do with anything with the IRS.
35:01
Only their permission to set up a company and handle cash flow and take my contracts and just ignore the IRS. I need to deal with that.
35:09
Because it's going to be a private club, anyways.
35:13
I don't want to say non-profit people start thinking one. C three By the way, I don't care about all that stuff. Not.
35:20
Profit means by association is get a compensate people who are doing work in it, but we're not doing it. We're not selling shares and we're not going to try to make a profit with it.
35:29
Then you have another problem, right? You try to make a profit with something like that. I don't think it works in the long term.
35:37
So, all right. I'm going to end up for tonight and appreciate your time on a more thorough discussion. If you guys wanna hear more about this, let me know.
35:44
Moment, you know, more detail. I just, why did I have my capabilities here?
35:49
That's normal.
35:51
All right.
35:52
And I'm sure by next week, I'll be back to normal. Sorry about tonight.
35:56
Sorry, take care. Thanks so much. Appreciate the good night.