[00:00:07] The mainstream media has sold you a box of rocks. It's time to tune into the Kate Dalley Show, America's newest addiction. The show starts now.
[00:00:18] Amazon runs the cloud for that group, right? And they have a joint cloud, right? So what you're looking at is the real data power behind the Anglo-American alliance funded by U.S. taxpayers.
[00:00:35] Let's go back to our friend Augustine Parsons who said, we can make the rules on how your money can be spent and we can enforce them. It's who has the technology to enforce them.
[00:00:50] State legislators inundated with emails proposing the Bitcoin Strategic Reserve. Hold on to your pants. Hold on to your pants.
[00:00:59] The Strategic Bitcoin Reserve is a major buying program at both the federal government and state level to buy using taxpayers' money and taxpayer borrowed money.
[00:01:13] So our retirement savings to start major buying programs of Bitcoin, okay?
[00:01:22] To help the finances of the federal government and the state governments by them stockpiling Bitcoin on their balance sheet as a reserve asset.
[00:01:32] Okay, so let me describe the problem of the Bitcoin billionaires.
[00:01:36] So if you're a Bitcoin billionaire, you're in a dark market.
[00:01:41] And what happened to Bitcoin, Bitcoin started out as a global payment system that if it had gotten widely adapted would have a lot of utility.
[00:01:49] I mean, there's a lot of good stuff about Bitcoin.
[00:01:51] However, that, it got hijacked.
[00:01:53] We'll talk about it when we get to the Solari section.
[00:01:56] It got hijacked and instead converted into something that had very high transaction fees, was very illiquid, but was great for pumping and dumping.
[00:02:05] If you want to run the price up, if you want to run a pump and then a dump, it was completely engineered to not be a payment system, but to be a pump and dump, okay?
[00:02:14] And that's working.
[00:02:15] And it's really working because now BlackRock and Wall Street are in there to help pump and dump it, okay?
[00:02:21] And you've also set up a mechanism at the Department of Justice with Coinbase and the U.S. Marshals to seize it.
[00:02:27] So we have a very dark market.
[00:02:29] It has very little disclosure.
[00:02:31] Gensler's been trying to, you know, among other things, to change that.
[00:02:34] So it has very little disclosure, very little regulation, but it's highly illiquid.
[00:02:39] You're the Bitcoin billionaires and you bought it a penny and you want to sell at $100,000, you know, per Bitcoin.
[00:02:45] You have huge capital gains taxes, problem number one.
[00:02:49] But how are you going to get out?
[00:02:51] If this has no fundamental utility other than as a pump and dump tool, how are you going to make liquid your billions of Bitcoin, right?
[00:02:59] Big problem in an illiquid market.
[00:03:01] The one way that I can think of that you can do it is to announce a long-term buying program by government.
[00:03:10] To announce a long-term buying program by government.
[00:03:15] Interesting.
[00:03:16] So that was Catherine Austin Fitz.
[00:03:18] I had to, Mike, thank you for that clip.
[00:03:19] And, of course, I've got the great Mel Madison on with me.
[00:03:23] Always has so much great information.
[00:03:27] Thank you so much for coming on, Mel.
[00:03:29] The book is Quaz.
[00:03:31] MelMattison.com.
[00:03:32] M-A-T-T-I-S-O-N.
[00:03:33] How are you?
[00:03:35] Doing great.
[00:03:36] Thanks for having me on.
[00:03:37] You looking forward to Thanksgiving?
[00:03:40] Definitely.
[00:03:40] Yeah.
[00:03:41] I haven't had turkey.
[00:03:42] I think I've cooked a whole turkey since last Thanksgiving.
[00:03:44] So it'll be good.
[00:03:45] Okay.
[00:03:45] I love it.
[00:03:46] Yeah, I do a lot of cooking.
[00:03:48] I love being in the kitchen, so cooking's my thing.
[00:03:50] So I cannot wait.
[00:03:51] In fact, my kid said, you should do an Instagram where you cook and talk about the truth about politics while you're cooking.
[00:03:58] And I was like, that's not a bad idea.
[00:04:00] Anyway.
[00:04:01] Yeah, I like it.
[00:04:02] Hey, that would be fun.
[00:04:03] All right, Mel.
[00:04:04] That was a clip from Catherine Austin Fitz talking about Bitcoin and the manipulation of it.
[00:04:10] And I know you've talked about Bitcoin many times.
[00:04:13] What did you think of that clip?
[00:04:15] Yes.
[00:04:15] I mean, Catherine is great.
[00:04:18] I've listened to her and been a fan of her for a long time.
[00:04:20] She's worked in government.
[00:04:21] She's worked in the private sector.
[00:04:23] She kind of knows the way things go.
[00:04:25] And I think she makes a great point in that clip talking about who's going to eventually be the ultimate buyer of all this Bitcoin, right?
[00:04:33] Because the whole philosophy is like, buy Bitcoin, never sell your Bitcoin.
[00:04:37] That's like a saying in the Bitcoin community.
[00:04:39] Never sell your Bitcoin.
[00:04:40] But once people decide they want to sell it, kind of monetize it into U.S. dollars that they can actually use for transactions, you know, who's going to buy it at a very high level?
[00:04:50] And, you know, the strategic Bitcoin reserve kind of solves that problem for the Larry Finks and the Black Rocks of the world.
[00:04:58] Right.
[00:04:58] Right.
[00:04:58] The financial barons that, you know, they're buying this up at lower prices, pumping it up to high prices.
[00:05:06] And then they need someone who they can sell it to, who basically can pay any price and who's going to hold it so the market doesn't crash.
[00:05:13] So it definitely those pieces fit together.
[00:05:16] And, you know, as you know, I've been talking about Bitcoin ever since I've come on this show and I've said I think it's going higher.
[00:05:22] I think it's just like I think the stock market is going higher.
[00:05:25] I think this is all part of an asset bubble that is being pumped up that's not going to end well, but it's still got a little bit time left.
[00:05:33] So I'm not surprised to see the stock market at all time highs today.
[00:05:37] Bitcoin is down about eight, nine thousand from its recent high, but still over 90,000 a coin.
[00:05:44] You know, gold is, you know, kind of steady as she goes.
[00:05:47] You know, I mean, gold is a real store of value.
[00:05:50] It's around twenty six hundred an ounce.
[00:05:53] It's it's not going up and down 20 percent a day.
[00:05:56] But if you look at gold over time, you know, 10 years, 20 years, 30 years, it always holds its value.
[00:06:02] And you and preserves your wealth.
[00:06:05] Bitcoin, we just don't know.
[00:06:07] You know, we don't even know who made it.
[00:06:08] We don't know where that's going to end up.
[00:06:10] I'm so glad you're always there to comment on this because people are wondering, you know, what's what's going on.
[00:06:15] So. All right.
[00:06:17] Scott Bessent, the new secretary treasure nomination.
[00:06:21] You want to talk about him?
[00:06:22] What's your take?
[00:06:23] Yes.
[00:06:23] And and actually one last thing which did disturb me on, which wasn't in that clip, but regarding this Bitcoin strategic reserve.
[00:06:31] So a few months ago, when Loomis, Senator Loomis, she's the primary outspoken person in favor of Bitcoin for this Bitcoin reserve.
[00:06:41] She's a Wyoming senator, which Wyoming has tons of trust companies and state chartered banks.
[00:06:48] And they hold a lot of wealth for billionaires.
[00:06:51] They have people in Jackson Hole.
[00:06:52] They have they have a lot of wealth in Wyoming.
[00:06:56] And so she's really behind this.
[00:06:58] And in the bill, her proposal to pay for it was actually to take these gold certificates that the Treasury holds and have the Federal Reserve essentially reissue them at a higher price because they're still got the gold price from 1971 of like forty two dollars an ounce on them.
[00:07:15] And then in a recent TV interview just this week, she said, actually, the Federal Reserve not only should reissue and send the Treasury money, but should get the money by selling off gold, which I think would be the dumbest thing in the world.
[00:07:29] And I think, you know, people I mean, if I mean, we would be selling the one hard asset we have that has maintained its value.
[00:07:36] The gold reserves to buy Bitcoin would be absolutely ludicrous.
[00:07:40] So it would be bad enough if we spent fiat, you know, U.S. dollars to buy Bitcoin.
[00:07:45] But to sell our gold in order to buy Bitcoin would just be one of the dumbest things.
[00:07:51] And it would play completely into the hands of Brazil and Russia and Iran and China, who are all putting together this alternative currency monetary network that's going to be based on gold.
[00:08:01] So there's a lot of issues that I have with this.
[00:08:03] And the biggest thing I have with this, the Strategic Reserve is do not sell our gold in order to buy Bitcoin.
[00:08:09] That would be horrible.
[00:08:10] Yeah.
[00:08:10] And it leads us right into digital tyranny, doesn't it?
[00:08:13] I mean, it's part of the plan.
[00:08:14] So they're trying to make this look like a good idea so that we're led into digital tyranny, right?
[00:08:20] Exactly.
[00:08:21] And these are the cryptocurrencies.
[00:08:22] I've talked about it as being like a gateway drug to get people comfortable.
[00:08:27] Then you start moving them into stable coins.
[00:08:30] The stable coins hold short-term government debt, T-bills as they're called.
[00:08:36] And that's a way to fund the deficits and fund the debt.
[00:08:40] And, you know, that leads into what you asked me about, which is Scott Bessant, the new Treasury Secretary nominee.
[00:08:48] You know, I did a bunch of research into him, too.
[00:08:51] Over this weekend, I listened to a number of podcasts, hour-plus-long podcasts with him, trying to get a flavor for who he is and what he thinks about.
[00:09:01] And I think he has positives.
[00:09:02] He has negatives.
[00:09:03] Obviously, you know, people are probably aware of the George Soros connection.
[00:09:07] He essentially made a lot of his money working for George Soros fund management, working for that hedge fund, doing currency plays.
[00:09:18] He helped with Soros' short of the pound.
[00:09:21] He did a big short of the Japanese yen.
[00:09:24] And he's been involved with these big macro players on the left for a long time.
[00:09:31] And that's one thing that kind of is worrisome.
[00:09:34] But I think some of the other things that really worry me is, like, put those aside.
[00:09:38] Let's just say, you know, he's moved on from that.
[00:09:41] And I'm seeing this more broadly with the Trump picks.
[00:09:45] Is they're just promising so much stuff that it's just impossible to deliver.
[00:09:49] So you have Besson, he wants to talk about he has this three-arrow strategy of, you know, we're going to get 3% GDP growth.
[00:09:57] We're going to cut the deficit down to 3% of GDP.
[00:10:02] And we're going to pump an additional 3 million barrels of oil.
[00:10:06] He calls it his 3-3-3 plan.
[00:10:07] And it sounds good until you really think about, like, how long it could actually take to implement it.
[00:10:15] If he's talking about implementing something like this over a 10-year period, maybe it's possible.
[00:10:20] If the Doge crew with Vivek and Elon are talking about we're going to cut a trillion dollars from the budget,
[00:10:28] we're going to also have 3% growth, they're kind of dreaming.
[00:10:32] Because we would be at negative 3% growth in this economy if it wasn't for all the deficit spending that the government does.
[00:10:41] And a lot of people, they think, well, the government spends money.
[00:10:44] That doesn't really do anything in the real economy.
[00:10:45] But it does.
[00:10:47] Because what they're doing is, let's just say they take a billion dollars for the defense industry.
[00:10:52] I mean, that's not going to government employees.
[00:10:55] That's going to Raytheon and Northrop Grumman and Boeing.
[00:10:58] And then what are they doing?
[00:10:59] They're hiring workers, union workers that are getting paid a good living wage.
[00:11:04] And then those workers are spending that money.
[00:11:06] And they're also buying minerals and they're buying components, some of which are sourced overseas.
[00:11:11] That doesn't help the U.S. economy.
[00:11:12] But some of which are sourced in the United States because they're sensitive.
[00:11:16] And so if you break down those supply chains, you do wind up losing jobs.
[00:11:20] When you lose jobs, you lose taxes.
[00:11:23] You know, tax revenue doesn't come in.
[00:11:25] And then the stocks of these companies don't do well.
[00:11:27] And if the stock market doesn't do well, then you don't have capital gain taxes.
[00:11:32] And so in 2022, when we had the stock market sell off, tax receipts went down by over a half of a trillion dollars just from a stock market sell off.
[00:11:40] We didn't even have a jobs recession.
[00:11:42] If we massively cut the government, we're going to have a jobs recession that's going to ruin individual income taxes.
[00:11:48] It's going to ruin corporate taxes and it's going to ruin capital gain taxes on the stock market.
[00:11:53] And you're going to wind up reducing tax receipts by more than you cut the deficit deficit and by more than you cut the budget.
[00:12:00] And it actually increases the deficit.
[00:12:02] So if you do it too quickly, if you cut too much too quickly, you actually increase the deficit rather than reduce it.
[00:12:09] Amen. Thank you for that.
[00:12:10] I know the Soros headlines are, I mean, obviously the guys in thick hosting fundraisers for Al Gore, giving to Barack and Hillary.
[00:12:19] And of course he was what chairman of the Yale alumni.
[00:12:25] I mean, I mean, his history is just like textbook deeper.
[00:12:30] I mean, I deeper stater.
[00:12:31] I don't know how else to say it.
[00:12:33] I mean, this guy is Brown brothers Harriman.
[00:12:35] He actually interned with Jim Rogers who actually had on the show.
[00:12:39] I interviewed Jim very well, let's just say classic textbook bio.
[00:12:45] So, um, so I know I just shake my head, but all right, we write great points though.
[00:12:52] Thank you.
[00:12:52] I'll be right back more with Mel Kate Daly show Kate Daly.
[00:13:00] Hey everybody.
[00:13:01] You've asked for this and we're going to deliver this now on the show.
[00:13:04] So you've asked me for an online pharmacy.
[00:13:06] So you don't have to go out of the country.
[00:13:08] You can get some pharma scripts and have them for storage or for right now, whatever you, whatever you want to do.
[00:13:15] So you can actually take part right now this week in an Ivermectin black Friday sale.
[00:13:21] If you go to all family pharma, not pharmacy, like I said on the show, but all family pharma.com forward slash Kate.
[00:13:31] You need to do that.
[00:13:33] Then it also helps the show too.
[00:13:34] All family pharma.com forward slash Kate, all family pharma.com forward slash Kate.
[00:13:42] Go there.
[00:13:43] You can get two for one on Ivermectin.
[00:13:45] You can get whatever your budget can allow.
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[00:14:12] But there are a couple of things I'd like to have around like a Z-Pak or some antibiotics.
[00:14:17] This is a great place to go for that.
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[00:14:51] Take part in their Black Friday.
[00:14:53] This is really important because it's only this week.
[00:14:55] You can get two for one on ivermectin.
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[00:15:00] It's located on the website, katedalyradio.com.
[00:15:04] Click the link, familypharma.com forward slash Kate.
[00:15:10] And then the Kate Daly show actually gets credit for that too, which is going to help the show too.
[00:15:16] But it's a good idea to stock up before January 10th comes and we might have more port troubles on the way.
[00:15:21] For whatever comes our way, you will be able to barter with these, have them, whatever the case may be.
[00:15:28] All right.
[00:15:30] Allfamilypharma.com forward slash Kate.
[00:15:33] If you share this on social media because this is a great place to get scripts and people want to be able to order these from home and online, order them online.
[00:15:43] Share that link because it helps the show.
[00:15:45] So share that link with all your friends and family, allfamilypharma.com forward slash Kate.
[00:15:52] And tell them to take part in that Black Friday sale.
[00:15:55] It's pretty amazing.
[00:16:03] This is the Kate Daly Show.
[00:16:05] But one holiday gets left out.
[00:16:09] You see, no one remembers a song for November.
[00:16:13] But that's going to change starting now.
[00:16:17] One, two, three, four.
[00:16:18] Gobble, gobble, one.
[00:16:20] I hope not.
[00:16:24] I hope that's not the song.
[00:16:26] Gobble, gobble.
[00:16:27] All right.
[00:16:28] Welcome back.
[00:16:29] Of course, you're listening to the Kate Daly Show.
[00:16:31] And then I'll be out the rest of the week.
[00:16:34] So I'll be playing some really good reruns.
[00:16:36] I also want to mention this.
[00:16:38] Please, please, please go to this site for me.
[00:16:41] Do this.
[00:16:42] And I love what they're doing.
[00:16:44] So I'm on Patriot TV at night.
[00:16:46] If you go to Patriot.tv, okay, forward slash Kate.
[00:16:51] So it's not a dot com.
[00:16:53] It's a dot TV.
[00:16:55] Patriot.tv forward slash Kate.
[00:16:57] You'll see Kate gear.
[00:16:59] You can order hats, sweatshirts, the Kate Daly Show, be faithful, be fearless.
[00:17:03] I mean, you got, you name it.
[00:17:05] It's on there.
[00:17:06] Also, the skincare that I use, which is called, it's spelt like NIMI, N-I-M-I, but it's actually
[00:17:13] NIMI, okay?
[00:17:14] NIMI skincare.
[00:17:15] You can actually go there and click on that.
[00:17:18] And there's a code right there.
[00:17:20] It'll show you that when you go to Patriot.tv forward slash Kate.
[00:17:23] This is fantastic skincare.
[00:17:25] If you're wondering what I use, I use, I use NIMI.
[00:17:28] So if you want to go and order that also cardio, cardio miracle is there.
[00:17:33] You can order that.
[00:17:33] I'm a big fan of that product.
[00:17:35] My husband took it, loved that product.
[00:17:37] So I'm just telling you, go to Patriot.tv forward slash Kate.
[00:17:42] And I'm, this is, these are some of the products I use.
[00:17:45] The fantastic gear, everything is right there for you.
[00:17:49] All right.
[00:17:49] So welcome back to the show.
[00:17:51] And there's so much to talk about.
[00:17:53] In fact, can you please make the statement about what Scott Treasury said about the new
[00:18:00] monetary system, Mel?
[00:18:02] Yeah.
[00:18:03] Yeah.
[00:18:03] So a few months ago, he did an interview at Manhattan Institute talking about his long-term
[00:18:08] vision for what's going on with the economy and money.
[00:18:11] And he said that we are in need of, and will likely have in the next few years, a complete
[00:18:17] monetary reset, a complete new world order, if you will, when it comes to money, something
[00:18:22] along the lines of Bretton Woods.
[00:18:25] He also referred to the Treaty of Versailles.
[00:18:27] So he has, and we were saying this during the break, I'm like, he has these shady connections.
[00:18:34] On the other hand, at least he understands that the system truly is broken.
[00:18:38] Because there's no need to have a monetary reset and a new Bretton Woods Monetary Council
[00:18:43] or summit if the system is working just fine.
[00:18:47] So he understands the fragility, the problems of it.
[00:18:51] But as is the case with so many of these Trump nominees, I'm just so conflicted because while
[00:18:56] some of the things that some of them say make sense to me, they have these shadowy connections
[00:19:02] in the past, which never seem to die.
[00:19:04] And then some of the things that some of them are saying are just outlier ridiculous, like
[00:19:09] Michael Waltz, the new national security advisor, in his interview on Fox News.
[00:19:14] I don't know if you saw that this Sunday, but it was crazy.
[00:19:17] And what are your thoughts when that's going on?
[00:19:20] I mean, when they're saying certain things on Fox News, what happens?
[00:19:23] What does Fox News do?
[00:19:25] Well, I mean, to give you an example.
[00:19:27] So Russia obviously retaliated for us, or Ukraine sending in attack of missiles into Russia.
[00:19:35] And Michael Waltz was asked about this and said, well, look, I'm in touch with Jake Sullivan.
[00:19:42] We're working hand in glove.
[00:19:44] We're one team on this and was in total agreement with this.
[00:19:49] And the Fox News person says, well, that's good to hear.
[00:19:52] And I'm just kind of laughing to myself because for four years, these people have been talking
[00:19:56] about how horrible the Biden administration is, how horrible his decisions are.
[00:20:01] But now that someone from the Trump administration comes out and gives the thumbs up to a policy,
[00:20:08] which to a lot of people seems absolutely reckless and stupid.
[00:20:12] Yeah.
[00:20:12] You know, now Fox News is cheering it on as, thank God we're on the same page.
[00:20:16] So it's really hard to have anybody give you honest opinions about these people because
[00:20:23] there's so, so much under this Trump spell where they just don't want to act honestly.
[00:20:29] And they're becoming the exact same way we used to complain about the Democratic media for never
[00:20:34] telling truth to the Democrat Party or never giving an honest look at their policies and
[00:20:39] their actions.
[00:20:40] Right.
[00:20:40] I see the exact same thing happening with people in the alternative media and on the right.
[00:20:44] They're just afraid to say anything other than Trump and Elon Musk are superstars or the
[00:20:49] best people ever.
[00:20:50] And they're going to save us.
[00:20:51] I know.
[00:20:52] And it's very obvious.
[00:20:55] They're not even hiding it.
[00:20:56] So what does that tell us when they're not even hiding it?
[00:20:59] Because wouldn't you, if you're really trying to deceive the people, wouldn't you prop somebody
[00:21:04] up that look like you hire Ron Paul for secretary of treasury, but then everyone under them
[00:21:10] is a bureaucrat that's bought and paid for.
[00:21:11] Right.
[00:21:12] But you're putting a face on it.
[00:21:13] The face they're actually putting on this is CFR Rockefellers, Soros.
[00:21:20] He has a long history, the secretary of treasury, long history of being part of the club.
[00:21:28] So we can't deny that he's part of the club and we better start figuring this out, guys.
[00:21:33] I just, it's right in front of us.
[00:21:35] They're not even hiding it.
[00:21:37] Gosh, be right back.
[00:21:38] More with Mel.
[00:21:48] So Americans are losing tens of billions of dollars every year to cybercrime and it's
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[00:22:32] Please go to idefendhome.com forward slash Kate.
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[00:22:41] Use the promo code and get 30% off the life of your service.
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[00:22:53] Idefendhome.com forward slash Kate.
[00:22:56] And it makes a great gift for somebody in your life.
[00:23:06] This is the Kate Daly show.
[00:23:08] Jimmy Davis has got it recorded, had it out a long time and sold a lot of records.
[00:23:13] We've got it on our new album next week.
[00:23:16] Beautiful song called Supper Time.
[00:23:21] All right.
[00:23:22] Welcome back.
[00:23:23] Kate Daly show.
[00:23:24] This song is old as dirt, right?
[00:23:27] Supper Time.
[00:23:28] Many years ago and days of childhood.
[00:23:32] All right.
[00:23:33] Welcome back.
[00:23:33] Kate Daly show.
[00:23:34] It's on a vintage Thanksgiving list, believe it or not.
[00:23:38] Also, make sure that you take advantage of the Black Friday sale.
[00:23:43] The Black Friday sale for allfamilypharma.com forward slash Kate.
[00:23:49] Okay.
[00:23:50] Or use the code Kate 10.
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[00:23:54] They have about 200 medications.
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[00:23:58] They have doctors in house for the scripts.
[00:24:00] And also it's just an amazing process.
[00:24:03] You don't have to go to India and you can get two for one only this week on ivermectin.
[00:24:07] I really suggest that you do that.
[00:24:09] Also helps the show when you put in Kate 10 as well.
[00:24:12] But that Black Friday sale, I haven't seen a sale like that for ivermectin.
[00:24:16] So ivermectin two for one.
[00:24:18] I would actually get some ivermectin under your belt, please.
[00:24:21] This will be very, very good for you and your family.
[00:24:24] And it's also very safe to take.
[00:24:26] One of the safest things pharma puts out.
[00:24:28] There's only a few items that I would consider with pharma.
[00:24:30] And ivermectin is one of them.
[00:24:32] And I can get rid of parasites, the parasites that are building up in your system.
[00:24:36] And it helps with dementia.
[00:24:37] It helps with cancer.
[00:24:38] It helps with all kinds of stuff.
[00:24:39] Go look at the long lists.
[00:24:41] But all family pharma is a great way to get scripts sent to you.
[00:24:45] And you don't have to go looking for a doctor.
[00:24:47] How nice is that to do that for you?
[00:24:50] So you can kind of bulk up and get things ahead.
[00:24:54] Allfamilypharma.com and then forward slash Kate.
[00:24:56] Okay.
[00:24:57] It'll bring you to a contact page.
[00:24:59] And then you can just do the drop down menu and order.
[00:25:01] All right.
[00:25:02] And then use code Kate 10, please.
[00:25:04] All right.
[00:25:05] Mel Madison back here with you.
[00:25:06] The book is Quaz.
[00:25:07] You can go to Mel's website.
[00:25:08] Grab that awesome book.
[00:25:10] And let's talk for just a second about some of these picks because there's a lot of people commenting and wanting the skinny on all of this.
[00:25:21] You were talking about or you mentioned.
[00:25:23] Well, I don't even know if you mentioned him yet.
[00:25:25] But I know you're going to.
[00:25:26] Mike Walls.
[00:25:26] There's another one, too, that you were talking about.
[00:25:30] Yeah.
[00:25:31] Well, Mike Walls, obviously, he was the one that was on the Fox News talking about working hand in glove with Israel.
[00:25:38] And that's right.
[00:25:39] You know, that's what's really kind of scary about a lot of these people is they're coming out or, excuse me, working hand in glove as far as with the Biden administration on Ukraine.
[00:25:49] They're coming out and they're saying things already that are diametrically opposed to some of the promises that Trump ran on.
[00:25:57] And then some of the other ones are coming out and promising things that if they do them, they will completely counteract other promises that Trump made.
[00:26:08] So, for example, let's just say, you know, the Doge Committee decided that they were going to be able to cut a trillion dollars from spending.
[00:26:16] Well, a trillion dollars from spending of the government, that's about three percent of GDP.
[00:26:22] So right now we're at six percent deficits to GDP.
[00:26:26] So we run about a two trillion dollar deficit.
[00:26:29] That's about six percent of GDP.
[00:26:31] And if we cut a trillion, then we'll run a trillion dollar deficit.
[00:26:35] It sounds great.
[00:26:36] That's a three percent deficit, which is what Scott Besson says he wants is a three percent deficit.
[00:26:41] The problem is when you cut government spending by that much, you create essentially recessionary type conditions.
[00:26:50] And, you know, you can see this happening in places like Argentina.
[00:26:53] So I'm all for all of the work that Javier Malay is doing in Argentina.
[00:26:59] But if you look at what is Argentina's economy actually doing in the first half of the year, it grew at negative three and a half percent.
[00:27:07] And it's projected to end fiscal year or full year 2024 around negative four percent.
[00:27:12] Now, why do I say that?
[00:27:13] Because our economy is growing at around three percent.
[00:27:16] If we cut deficit spending by three percent, now we go to no growth.
[00:27:20] We go to basically a recession.
[00:27:22] And so Trump didn't promise we're going to cut spending.
[00:27:26] It's going to cause a recession.
[00:27:27] And then the answer is, well, we'll grow our way out of it.
[00:27:31] And growth policies are great, but they also take time.
[00:27:35] They don't happen overnight.
[00:27:36] So a smaller government is good.
[00:27:38] Less government spending is good.
[00:27:40] But it's impossible to kind of, you know, snap your fingers and get less government spending, huge growth, increases in tax receipts.
[00:27:49] And everything happens in a painless fashion.
[00:27:52] Even in Argentina, where they're doing this, they're suffering through a deep recession right now, even though they're getting the inflation down and things are heading on the right path.
[00:28:01] If we went into a negative four percent growth rate like Argentina, tax receipts would plummet so much.
[00:28:10] And we owe so much in debt.
[00:28:12] The government would literally like cease to function.
[00:28:16] And this is another difference with Argentina.
[00:28:18] Argentina only has 80 percent debt to GDP.
[00:28:21] We have 120 percent debt to GDP.
[00:28:24] Our net interest expense, we pay over a trillion dollars just in interest on the debt.
[00:28:29] And so this whole house of cards starts to unravel from an economic perspective if you immediately implement everything that the Trump nominees are promising to implement.
[00:28:40] It has to be done gradually.
[00:28:41] It has to be done smartly.
[00:28:43] Or otherwise, you are going to have mass layoffs.
[00:28:46] You're going to have a stock market collapse.
[00:28:48] And, you know, who knows?
[00:28:50] You know, maybe some people want that.
[00:28:52] Maybe some people anticipate that happening.
[00:28:54] There's there could be an argument to be made that the woeful performance of the Democratic Party was in part because they knew that this financial house of cards was on its last legs.
[00:29:08] And they didn't want to be anywhere near it when it falls down.
[00:29:11] Yeah.
[00:29:11] I'm with you on that.
[00:29:13] I'm with you on that.
[00:29:13] They play the sides like that and use.
[00:29:16] And I'll say this.
[00:29:18] As much as we think the presidency is the most important office in America, it is actually the less the lesser of it.
[00:29:27] I mean, it is really and truly the least most important.
[00:29:31] But they want us to think it's the most important.
[00:29:33] And it drives me nuts.
[00:29:35] Actually, it's a tough time to be in conservative radio because I have a Christmas ornament on my tree.
[00:29:41] And it's it's Biden with a Christmas hat and it says Happy Easter.
[00:29:46] And then, of course, you had cackling Kamala, who couldn't finish a sentence and was actually one of the most absurd people to ever run for office.
[00:29:54] And if Biden wasn't bad enough and you have this whole train wreck of people.
[00:29:58] Right.
[00:29:59] And it's easy when we can look to that and have a face of it and blame it.
[00:30:03] But when our side gets in and then all of a sudden it's like, but wait a minute, wait a minute, we're being sold a box of rocks here.
[00:30:11] There's these appointments are not what they're not going to do the things that we think they're going to do in restoring America.
[00:30:18] This is why I always say you can't solve you can't eradicate deep state with deep state and you can't solve this problem with government.
[00:30:24] What's your take?
[00:30:26] Yeah, no, I agree.
[00:30:27] And I think what would be healthy would be if there was more realistic expectation set.
[00:30:33] If it was like, look, we're going to work on cutting out government fraud, waste and abuse, but we're not going to run around and throw out two trillion.
[00:30:41] It's like, you know, yeah, we're going to cut this off of the budget or, you know, make people think that that's going to happen in a short order.
[00:30:47] Like maybe over a 10 year period they can save two trillion or maybe within a 10 year period they can get the deficit down to 3 percent of GDP or less.
[00:30:58] Like these are that would be great.
[00:31:00] That would be fantastic.
[00:31:01] But to let people think that we're going to cut your taxes, we're going to cut the government, the stock market's going to soar, we're going to put on huge tariffs.
[00:31:09] There's not going to be any inflation.
[00:31:10] You know, everything is just going to work so perfectly and everything is just going to have this magical result.
[00:31:17] It's just unrealistic.
[00:31:19] And so it's, you know, if you're in sales, you're always taught under promise and over deliver.
[00:31:24] I think there's a lot of over promising going on right now and it's going to lead to some people being being disappointed in the end.
[00:31:32] And if we set realistic expectations, hey, nobody's happier that Kamala lost than I am.
[00:31:37] But let's have realistic expectations about what we could achieve in the next four years instead of go.
[00:31:44] And then and then on the other hand, you know, with foreign policy, these neocons, these war hawks, these unconditional supporters of Israel.
[00:31:53] And now people speaking almost with unconditional support of Ukraine.
[00:31:57] That's a whole nother ball of wax, which I also find ridiculous.
[00:32:01] Absolutely.
[00:32:01] Caller, you've got 20 seconds.
[00:32:03] Talk fast.
[00:32:04] OK.
[00:32:04] OK, great.
[00:32:05] Mel, what do you think about, you know, I always thought Rix would be the next currency when when ours collapses or when the dollar collapses.
[00:32:13] What do you think now in light of what you just said about Bitcoin?
[00:32:16] Bitcoin being that off ramp for for these super wealthy folks to dump their Bitcoin in now that it's being mainstream.
[00:32:24] OK, fair enough.
[00:32:26] Go ahead.
[00:32:27] No.
[00:32:28] Well, I do.
[00:32:29] I do think that that's what they want.
[00:32:30] Right.
[00:32:30] I mean, I mean, all the all the big corners and as the financial institutions get their hooks into it, they want it to become kind of an accepted currency.
[00:32:39] OK.
[00:32:39] Whether or not that's going to happen.
[00:32:41] You know, I have no idea.
[00:32:43] Interesting.
[00:32:43] Be right back.
[00:32:44] Kate Daly show more with Mel Madison.
[00:32:45] My guest be right back.
[00:32:55] Hey, everybody, go to Patriot dot TV forward slash Kate.
[00:33:00] Why?
[00:33:01] Because they have Kate gear.
[00:33:03] I'm not joking.
[00:33:04] They've got Kate gear.
[00:33:05] All the Kate Daly show hats and T-shirts and sweatshirts.
[00:33:09] All of that.
[00:33:09] Go to Patriot period TV.
[00:33:12] OK, so there's no dot com.
[00:33:14] It's like Patriot period TV forward slash Kate.
[00:33:17] And you can get the skin care that I use called Nimi.
[00:33:20] I love the skin care.
[00:33:22] You can also get Cardio Miracle there.
[00:33:24] But I'm telling you, the retail gear is incredible.
[00:33:28] The Nimi skin care is incredible.
[00:33:30] I use the overnight cream and I use the the vitamin C cream.
[00:33:35] All of it is amazing.
[00:33:36] And you can get a steep discount on that.
[00:33:38] And all you have to do is go to Patriot period TV forward slash Kate and go check it out right now.
[00:33:45] You'll love this.
[00:33:46] I'm on Patriot TV in the evening.
[00:33:48] But this is a great site to go to to get wonderful, wonderful things that I recommend that I use myself.
[00:33:55] And, of course, the Kate Daly show gear.
[00:33:57] All right.
[00:33:57] Thanks, you guys.
[00:34:11] This is the Kate Daly show.
[00:34:13] Because I'm going to make this place your home.
[00:34:20] Welcome back.
[00:34:23] And I really do hope you have a wonderful Thanksgiving.
[00:34:26] I really do.
[00:34:27] And bring some history into it.
[00:34:29] Let's teach the kiddos something.
[00:34:31] Teach ourselves something right after the load of propaganda we get.
[00:34:34] And I also want you to go to Patriot dot TV forward slash Kate.
[00:34:39] The gear is there.
[00:34:40] You can order Kate Daly show gear.
[00:34:42] You can order Cardio Miracle there.
[00:34:44] You can order the the the Nimi skin care that I use all at Patriot dot TV forward slash Kate.
[00:34:53] OK.
[00:34:53] And I have Mel Madison on with me.
[00:34:56] And it's always fun having Mel because we're able to just talk about so many different things.
[00:35:01] And he's got such expertise in so many things.
[00:35:04] So I love it that he's on the show and visits with us every other week.
[00:35:08] I love it.
[00:35:08] And so, Mel, you know, I'm not sure on bricks and bricks could be cover for something.
[00:35:14] It could be a diversion for something there.
[00:35:17] I did bring up energy patents with with global energy once on the show.
[00:35:21] I'm still not sure about that.
[00:35:23] I'll do a lot more homework on bricks.
[00:35:24] I think there's just way I think there is something to bricks, though, that we're not being told like some sort of diversionary tactic of what bricks actually is and what it actually isn't.
[00:35:35] So I'll deep dive into that.
[00:35:37] Where do you want to go from here?
[00:35:39] Well, one thing about bricks and the one place where you really see all of these people, whether they're on brick side or the U.S. side or whatever, where you see them come together is in the central banking world.
[00:35:53] So, you know, the People's Bank of China, you know, you know, the central bankers from, you know, Iran, all these places, they meet with the United States and the British central bankers every two months in person in Basel, Switzerland, at the Bank for International Settlements, which is an organization that nobody really talks about.
[00:36:13] And I think it's part of the deep state for sure.
[00:36:18] And I think that's one of the other areas we haven't gotten into yet is the Federal Reserve and what's what's really happening.
[00:36:26] And in Scott Besson, in one of the interviews, the Treasury nominee, he made, you know, billions of dollars on one big bet, which was when Abe was elected to be prime minister of Japan.
[00:36:42] He had this thing called the 222 strategy.
[00:36:45] So you can see where Besson is very, very influenced by Japan.
[00:36:49] He's very influenced by this guy named Shinzo Abe, who was the prime minister of Japan.
[00:36:54] And he put in he had a three arrows philosophy and he had this 222 plan, which was 2 percent growth, 2 percent inflation in two years.
[00:37:02] And Besson has his 333 plan.
[00:37:05] So what Besson saw was that Abe wanted to do things, but he would never be able to do them if he didn't have complete control over the central bank.
[00:37:15] But it just so happened that the central bank governor and a bunch of leaders and decision makers at the central bank, their terms were expiring and he was going to be able to remake the Bank of Japan.
[00:37:27] And and so it needed the central bank in order to carry out these policies.
[00:37:31] So I believe that the Treasury Department, Besson, he needs the central bank.
[00:37:36] And it wouldn't even surprise me if Trump is putting him in Treasury and then we'll move him in to lead the Federal Reserve, because it's all got to be part and parcel of the same thing if they're going to do this massive monetary reset.
[00:37:50] And I think the only thing that can come out of that is a weaker dollar.
[00:37:54] It's a loss of people's purchasing power.
[00:37:56] This is why I always kind of come back to gold, because, you know, counterintuitively, like the U.S. dollar has been doing very well since Donald Trump was elected.
[00:38:06] And the same exact thing happened in 2016.
[00:38:10] He got elected.
[00:38:11] The dollar kept getting stronger against other currencies.
[00:38:14] By the time he was inaugurated, the dollar had begun a steep fall and it declined a lot during his presidency.
[00:38:20] I think we're going to see the same thing where you've got dollar strong.
[00:38:24] People think all these policies are pro dollar.
[00:38:27] But in the end, he wants a weaker dollar because none of these policies really work without a weaker dollar.
[00:38:33] You need a weaker dollar that devalues the real value of the debt.
[00:38:37] And then you can do a lot of these policies.
[00:38:39] So I think that's going to lead to asset price inflation.
[00:38:42] That's why I think stocks are going up.
[00:38:45] You know, Bitcoin could continue going up.
[00:38:46] But I think at the end of the day, you know, your safest bet is gold because the dollar is the loser to me in all of these.
[00:38:54] And it's going to be done not just with the Treasury, but it's also going to be done through these central banking mechanisms.
[00:38:59] Will Bitcoin go up to one hundred and fifty thousand dollars a coin?
[00:39:04] A lot of people are talking about that.
[00:39:06] It probably will.
[00:39:08] I don't know when it will.
[00:39:10] But, you know, you know, you just you did.
[00:39:12] It Bitcoin constantly goes up a lot and goes down a lot throughout its history.
[00:39:17] I don't think they're at the end game yet for it because they haven't achieved yet what I think they would really want to achieve with it.
[00:39:24] If you assume that this is like a deep state move that wants to jack up Bitcoin so high that it can become almost a monetary replacement for the U.S. dollar, it needs to go a lot higher.
[00:39:37] It needs to go a lot higher than one hundred and fifty.
[00:39:39] I think right now it's too early to pull the rug out from it if it is a deep state move.
[00:39:45] And if it's not a deep state move, I think people are actually just getting more and more excited about it the more they hear about even if they don't do a strategic Bitcoin reserve, they're going to put in a pro Bitcoin SEC commissioner and they're going to legitimize it as a financial asset.
[00:40:00] So I do see Bitcoin, you know, continuing to rise as the stock market.
[00:40:06] I just don't think the rug is coming out yet.
[00:40:08] Like we'll know when the rug starts coming out, when we start seeing signs like runaway yields in government securities, like not jumping up to five percent on the 10 year, but jumping up to five percent on the 10 year and then blowing right through it.
[00:40:24] When we start seeing the dollar really starting to go down against other currencies, we've seen we've seen it go down a ton against gold, but not yet against some of these other currencies.
[00:40:35] So we haven't seen the signs yet that the rug pull is coming, in my opinion, on any of this.
[00:40:41] And therefore, unfortunately, I think I think a lot of this stuff is going to keep going higher.
[00:40:46] Yeah, that's so true.
[00:40:47] Once everybody once everybody puts it in, once everybody's like taking out loans to buy Bitcoin, everybody's doing it, which some people are starting to do.
[00:40:56] Yeah.
[00:40:57] Once like every once once your grandmother is is is selling her family silver to buy Bitcoin, that's when they're going to pull the rug.
[00:41:04] When when the when the most people can get hurt in the hardest ways, that's when these bubbles collapse, when they just fall under the weight of their own gravity.
[00:41:13] Yeah, for sure.
[00:41:15] I love I'm just absorbing everything you said and really taking that in.
[00:41:20] I hope people do.
[00:41:20] I hope they really listen to this podcast and share it and this live show.
[00:41:24] And also, I just wanted to say that Jack Smith dismissing charges.
[00:41:30] Remember, a year ago, we said on the show over and over again, not one thing was going to happen with with the cases.
[00:41:36] And I'm glad in one way is because everything was shammy about the about the trials and the charges.
[00:41:43] And everyone knew it.
[00:41:44] Everyone knew every single charge was a total sham.
[00:41:47] Right.
[00:41:47] Total lie on Trump.
[00:41:48] But at the same time, we called it a year ago when we said the trials would never they were just distraction fodder.
[00:41:57] They were distraction fodder for two and a half solid years of daily headlines.
[00:42:02] And we have to become better at spotting the distractions.
[00:42:06] And that was definitely one of them.
[00:42:09] And so this is why no one ever looked real worried while these trials were going on.
[00:42:14] And and I'm telling you that the news forever was he'll do time is going to go to prison.
[00:42:20] He's a felon.
[00:42:21] Da da da da.
[00:42:23] Didn't happen.
[00:42:24] Won't happen.
[00:42:25] But you have to kind of look at why.
[00:42:27] And that's a wake up moment.
[00:42:28] Yes, the charges were shammy.
[00:42:30] Yes, they were lies.
[00:42:31] But why are they letting go of this?
[00:42:34] And so that will kind of bring you to another aha moment.
[00:42:37] Mel Madison.
[00:42:38] Thank you.
[00:42:38] I hope you have a wonderful Thanksgiving.
[00:42:40] I hope all of you have a wonderful Thanksgiving.
[00:42:42] See you back here on Monday.
[00:42:43] And of course, katedalyradio.com for the podcast while you travel.
[00:42:46] Be faithful.
[00:42:47] Be fearless.
[00:42:48] Thanks, you guys.