04:30. Yeah I call them Davos and I've been calling them Davos for 8 years and I don't continue to call them that, but you know at the end of the day we are talking about that consortium of people, globalists, that have a distinctly European odor about them.  Call it City of London.  Call it Amsterdam. You can call it whatever you want.  Call it the Rothschilds, I don't really care.  Everybody has their version of what they think this reality is.  The truth is that it's all of them in some degree or another.  And that includes people in the United States.  Plenty of those people within the US, and that crowd, like I would put Mitt Romney and Bain Capital, for example, Black Rock, I would consider them part of Davos, Nancy Pelosi, Chuck Schumer, the rest of them.  That is who is attacking the Trump policy of what he's attempting to do to reorganize and recalibrate the entire global economy.  That's where we are, and it's a fight to the death, and I think it's the most important war on the table today.  Far more important ultimately then Russia Ukraine which is a proxy of this financial war.  It seems like the FED has been acting politically it's almost as if they've been acting against the current Trump Administration

06:49.  Nope.  Not at all.

06:53.  You think Powell is playing ball?  

06:55.  I think Paul is part of the plan, and I think that the Trump Powell fight is ________.  And I have thought this for a long time because it goes back to my original argument . . . 

07:22  We are watching the United States build a completely independent financial architecture, free from influence of City of London, Euroclear, and all the rest of it.  That is a very complicated story at this point, the more I dig into that original insight 4 years ago, the more I've been able to add data to that and I don't have the time now in this context to go over all of it.  What I can tell you is that some of that story has been told.  I did a series of podcasts with Caitlin Long, then Brent Johnson, then Vince Launchie.  We talked about all of this stuff from three different perspectives, Episodes 213 through 215 of the Gold, Goats, and Guns podcast because we're going to a lot of depth on all of this, the sub supplemental lever, leverage ratio, the stable coin bill, all of it, gold, the bankruptcy, the LBMA, all that stuff.

08:17.  No, the way you beat Europe in the way you beat these people is you have to make their leverage that they want they want to take offshore dollars and want to leverage them up and use them against us they did it for all those years during the Libor years they didn't when they had effectively globalist control of the central banks under the Obama Administration with both Bernanke and Yellen and Geithner at the Treasury. Now that world is over.  Powell raised interest rates Powell raise the reverse repo payout rate Five basis points above the FED funds rate back in June 2021 draining the world of trillions of dollars of Base capital what I would call Global and zero