Taken from JRE #1923 w/Mike Baker:
https://open.spotify.com/episode/1oNPaY3g4zWIdHgFfqCPWx?si=b7561a4f97734467

They brought him in, the White House brought him in to talk about the pandemic apparently.

They said they're asking about the crypto.

If you're going to fucking ask someone about the pandemic, would it be that guy on the right?

I mean, I would love to see a conversation between the guy on the left, Biden, and the guy on the right.

The guy on the left is making up words, the guy on the right is on amphetamines.

Kyrene Jean-Pierre conceded that 4 meetings may have also covered general information about crypto.

Between senior Biden officials were about the pandemic.

Like, what could that fucking young kid doing speed fuck in his neighbors?

A, nobody in the White House really understands crypto to begin with, right?

Seems like very few people understand crypto, really.

But just in terms of looking at this guy's situation, it's like with Bernie Madoff.

If you had gone and if someone had taken the time early days with Madoff said I'm gonna go Visit, you know some basics.

I'm gonna go look where his accountant sits Oh, really?

He's sitting in a fucking small office in a strip mall and yet this guy's supposed to be you know King of the world.

The shit that a guy uses if he has a fucking small bookstore.

You compile information, and maybe 1 or 2 pieces of it like, okay, you look at the guy and go, this guy doesn't look like a rocket scientist and his lifestyle, you look at lifestyle issues, maybe they're bizarre, but you compile as much information about the entire apparatus as possible.

And I would argue that anybody in their right mind if they had taken the time to do significant due diligence would have stepped back and said oh no not doing this guy you know I don't care how many celebrities he's got put in there and you know anything was going after celebrities for a reason Just like your name over an arena or you're right because it gives you fucking credibility

same reason why he's donating so much money

Yes, and and you know the donations anybody who thinks he wasn't doing that to exert leverage or to gather information, you know Again, naive ignorant, you know, whatever.

Well, his mother was a big time Democratic operative too, right?

So that was probably part of his connection.

It's a shame because a lot of people were hurt, whether they claw that money back or not.

And some of the folks in the Democratic Party are saying, well, we're going to give some money back, but- How?

If the money's all nonsense, which is what a lot of crypto is, Once it collapses, it's nonsense.

And then you have to also ask yourself, and I think there's some coverage.

I think there's going to be more talking about the nature of trading.

Again, you know, wash trades are illegal in the financial industry for a reason, right?

It's like, okay, it's like with my book, you know, you might have heard about my book, Company Rules.

It's being released on the 18th of January on Scribd.

How does this have to do with anything or are you just just...

I'm going to tell you, I'm going to tell you.

If I really was desperate and I said, I really want my book to become a bestseller, well, 1 of the things I could do is I could set up a bunch of fake accounts on Amazon or wherever.

And then I could put money into all those different accounts.

And then I could start buying up my book.

But so you remember crypto is, what is it?

They're still trying to figure it out, which again, I would argue is 1 of the reasons why SBF was putting money into politics.

I'll tell you as an example, there's a reason why I'm telling this story.

Early days of Iraq, I'm talking like 2003, 2004, 2005, my company had a lot of people there because we were supporting security operations for a lot of the infrastructure companies.

And so they're out there trying to rebuild parts of the country, they're doing things.

Well, they've got to have security, and they've got to have people handling a variety of problems for them.

We were out there in early 2003, right, at the very beginning.

At first, there was several months where it was relatively peaceful.

Shit started to hit the fan out there in about September of 2003, right?

Really started going south and then it started getting violent.

And there's a 2004, 2005, the security business in Iraq just ballooned, right?

Suddenly you couldn't swing at that cat without hitting another security company.

You know, You'd be out there and say, who are you guys with?

And they'd say some company you'd never heard of.

And just put together because people saw opportunity.

I'm going to get some government contracts.

And they were pulling people who had no business being out in a hostile environment and providing security.

Well, we started thinking, okay, this has got to get regulated, right?

State Department and Pentagon, they're going to come in and they're going to say, no, we've got to regulate the private security industry that's operating out here.

We know we need it, but it's just unregulated.

So as part of that, once we realized that was going to happen, we got together with some of the more reputable security firms that are operating out there and said, let's form an association, right?

So that we can get ahead of the curve, right?

And we can help define what the regulations are for these security companies that are out there operating.

And I would argue it's no different than what SBF was doing, you know Kind of spreading the cash around so that he could understand where the regulations were going to come from and he could get ahead of the curve and and you know so hey from a Intel perspective you know bravo that's the right intuition but again


Speaker 0: The Joe Rogan experience.

Speaker 1: They brought him in, the White House brought him in to talk about the pandemic apparently. What? This is general information. They said they're asking about the crypto. If you're going to fucking ask someone about the pandemic, would it be that guy on the right?

I mean, I would love to see a conversation between the guy on the left, Biden, and the guy on the right. The guy on the left is making up words, the guy on the right is on amphetamines.

Speaker 0: Come on, man. Come on, man. Press Secretary

Speaker 1: Kyrene Jean-Pierre conceded that 4 meetings may have also covered general information about crypto. Between senior Biden officials were about the pandemic. Like, what could that fucking young kid doing speed fuck in his neighbors?

Speaker 0: Well, look, here's the thing. A, nobody in the White House really understands crypto to begin with, right? It's...

Speaker 1: Seems like very few people understand crypto, really.

Speaker 0: But just in terms of looking at this guy's situation, it's like with Bernie Madoff. If you had gone and if someone had taken the time early days with Madoff said I'm gonna go Visit, you know some basics. I'm gonna go look where his accountant sits Oh, really? He's sitting in a fucking small office in a strip mall and yet this guy's supposed to be you know King of the world.

Speaker 1: Well, how about these guys?

Speaker 2: You know what they were using? Quick books.

Speaker 0: Oh, yeah. Yeah, yeah.

Speaker 3: They were using quick books.

Speaker 1: The shit that a guy uses if he has a fucking small bookstore. They were using that.

Speaker 0: You compile information, and maybe 1 or 2 pieces of it like, okay, you look at the guy and go, this guy doesn't look like a rocket scientist and his lifestyle, you look at lifestyle issues, maybe they're bizarre, but you compile as much information about the entire apparatus as possible. And I would argue that anybody in their right mind if they had taken the time to do significant due diligence would have stepped back and said oh no not doing this guy you know I don't care how many celebrities he's got put in there and you know anything was going after celebrities for a reason Just like your name over an arena or you're right because it gives you fucking credibility

Speaker 1: same reason why he's donating so much money

Speaker 0: Yes, and and you know the donations anybody who thinks he wasn't doing that to exert leverage or to gather information, you know Again, naive ignorant, you know, whatever.

Speaker 1: Well, his mother was a big time Democratic operative too, right? So that was probably part of his connection.

Speaker 0: Yeah. It's a shame because a lot of people were hurt, whether they claw that money back or not. Millions of people. Yeah. And some of the folks in the Democratic Party are saying, well, we're going to give some money back, but- How?

Yeah, exactly.

Speaker 1: Where's the money? Where's it coming from? If the money's all nonsense, which is what a lot of crypto is, Once it collapses, it's nonsense. There's no legitimate assets, right?

Speaker 0: Right. And then you have to also ask yourself, and I think there's some coverage. I think there's going to be more talking about the nature of trading. Again, you know, wash trades are illegal in the financial industry for a reason, right?

Speaker 1: Explain wash trades again.

Speaker 0: It's... What's the way to... It's like, okay, it's like with my book, you know, you might have heard about my book, Company Rules. I heard about it. Yeah.

It's being released on the 18th of January on Scribd.

Speaker 1: How does this have to do with anything or are you just just...

Speaker 0: I'm going to tell you, I'm going to tell you. If I really was desperate and I said, I really want my book to become a bestseller, well, 1 of the things I could do is I could set up a bunch of fake accounts on Amazon or wherever. And then I could put money into all those different accounts. And then I could start buying up my book.

Speaker 1: I know someone who did that.

Speaker 0: You did. It's in a sense, that's a wash trade.

Speaker 1: Is that illegal?

Speaker 0: You're on both sides. It's illegal in the financial industry. But so you remember crypto is, what is it? It's not a currency. It's a piece of property.

So they haven't decided. They're still trying to figure it out, which again, I would argue is 1 of the reasons why SBF was putting money into politics. If you can get ahead of the game... I'll tell you as an example, there's a reason why I'm telling this story. Early days of Iraq, I'm talking like 2003, 2004, 2005, my company had a lot of people there because we were supporting security operations for a lot of the infrastructure companies.

And so they're out there trying to rebuild parts of the country, they're doing things. Well, they've got to have security, and they've got to have people handling a variety of problems for them. So we had gotten out there very early. We were out there in early 2003, right, at the very beginning. And it didn't take long.

At first, there was several months where it was relatively peaceful. Shit started to hit the fan out there in about September of 2003, right? Really started going south and then it started getting violent. And there's a 2004, 2005, the security business in Iraq just ballooned, right? Suddenly you couldn't swing at that cat without hitting another security company.

They just popped up out of nowhere. You know, You'd be out there and say, who are you guys with? And they'd say some company you'd never heard of. And just put together because people saw opportunity. I'm going to get some government contracts.

I'm going to work for these companies. I'm going to do this. And they were pulling people who had no business being out in a hostile environment and providing security. So then they started having problems. There were all sorts of issues.

Well, we started thinking, okay, this has got to get regulated, right? State Department and Pentagon, they're going to come in and they're going to say, no, we've got to regulate the private security industry that's operating out here. We know we need it, but it's just unregulated. So we're going to do... So as part of that, once we realized that was going to happen, we got together with some of the more reputable security firms that are operating out there and said, let's form an association, right?

So that we can get ahead of the curve, right? And we can help define what the regulations are for these security companies that are out there operating. It's in our best interest, right? And I would argue it's no different than what SBF was doing, you know Kind of spreading the cash around so that he could understand where the regulations were going to come from and he could get ahead of the curve and and you know so hey from a Intel perspective you know bravo that's the right intuition but again

Speaker 1: He didn't recognize his vulnerabilities.

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