Four Days to Court: Amsterdam, the Witness Stand, and Taking It on the Chin

We are doing the job today that Congress would not. Private currencies circulated long before governments have directed themselves to interfere. Thousands of community currencies were created, circulated, and traded in places where the scarcity of dollars was interfering with humans' desire to live. And they didn't have time to sit around and wait for the government to fix the problem. Welcome. Welcome, friends. Welcome, Texacoin miners. Welcome, friends.

Welcome, Texacoin miners. world apparently the world is hearing about texacoin these days welcome everybody to another edition of thursday night honest money live with bobby maddie tim's in the background there somewhere coming to join us in a minute i'm freezing cold right now i'll tell you more about that in just a few minutes why i'm bundled up here trying to Keep myself warm. It is Thursday, August thirteenth to where probably most of you are. But it is Friday morning, two a.m. here in Amsterdam, where I have just arrived hours ago, jet lagged as they get. in my countdown to overcoming time differences to prepare for our very exciting moment this coming week in Texas court. So that's where I am now. It's very early, so excuse the appearance, excuse the blanket.

It's supposed to be... like temperate most of the time in Amsterdam. And all of a sudden we show up and there's like a, like a heat wave coming through here. It's like record temperatures. So we've got the air conditioning on and the air conditioning only has one setting, which is ice cold under normal circumstances. I'd be very happy about that. Being jet lagged and being up for a two a.m. call with all of my fine friends has made me very cold.

And so that's where the blanket's coming from. I'll ditch it as I start warming up here. But anyway, welcome. Thanks for joining. Tim, are you back? Are you done making yourself a cup of coffee? You were bragging about coffee a minute ago. We're putting you back on the stage.

There you are. That's good. Welcome, everybody. Yeah, so thanks for joining. Look, don't expect a whole lot out of tonight's call. Besides the jet lag, besides the two a.m. thing, there's literally one thing on my mind right now. Do you want to know what that one thing is?

What is it? It's our upcoming cease and desist hearing in Texas court with our administrative law judge and the TSSB. I mean, guys, it has been six months and three days in the making to bring us to this moment right now. And it is dominating my thoughts. And I hate to say that, because I'd love to show up here and be like, oh, it's no big deal. It's just another day to walk in the park. It's a pretty big deal, guys. And so I take it very seriously, as I have taken it since the first moment I saw an email from these guys.

I mean, look. In all honesty, we had guessed as a rite of passage that a nasty gram from a regulator somewhere on planet Earth was coming sooner or later. And it came in February. And we got caught a little flat footed. I don't know how deep I want to get into that. And that's another thing. It was the night before TSSB hearing. And I'm sure I'm going to say something really dumb tonight.

Friends are watching. Hello, friends of the TSSB. They're paying attention. They're tuned in. I think they've got something like sixty or seventy videos tuned up as exhibits to enter during the trial, if necessary. And the last thing I want to do as this concept dominates my thoughts is his fumble the ball on the ninety nine yard line on the one yard line. Is there I don't I guess there's not a ninety nine if I watched football. I would know that there was or wasn't.

I don't know. I'm from Texas. I'm originally from Philadelphia, from Texas, which is like you should know your football there, Bobby. Is that right? Anyway. I got one thing on my mind right now, and that's winning. That's doing a good job representing us, Texacoin, Texacoin Miners, Blockchain Mint, MindTXC, Robert J., Bobby Gray. I am fully prepared to represent us, me, myself, I, and the whole shebang this coming week, kicking off Monday morning at nine a.m.

in austin texas now a couple housekeeping notes about it number one it's public it's open to the public there's an address um and a place that you can go um i don't know if i have instant access to the address or whatever but you can find it it's in the documents on the website you're welcome to go anyone and everyone trolls minors interested people from the press. It's public. It's a public hearing, which I think is great. But you are expected to be to be, I don't know, courteous, quiet, respectful of the court and its proceedings, no loud roars of laughter every time Bobby says something funny. We've gotta be good ambassadors of our brand. If you're going there, then please follow the rules and the court etiquette type stuff. I think you need to register too, Bobby. I think they're having everybody register and you pick how long you're going to be there.

If you're going to be there for multiple days or one day or something like that. So I've had a few people reach out to me. Yeah. Okay. Good to know. Thanks. Things about that. Number one is that if you are on the witness list and you're expecting to be called, you are not allowed to be there.

you are only allowed to participate for your uh particular testimony uh and number two if you're there and you're not on the witness list you could get called how's that for wild they just told me that the other day they're like well i mean you can go if you want to but if you're there you might find yourself up on the uh the stand at some point whether you like it or not whoa really i have no idea if that's true it could just be a filthy rumor but um But I did learn something very recently about the upcoming hearing, which is that I am on me personally. I am on the prosecutor's witness list, though I've never talked to them, no depositions or anything. And they are planning on calling me first. And so shortly after this thing gets started on Monday morning, yours truly will get called to the stand, is expected to get called to the stand. And, you know, some debate about whether or not that's a good idea or a bad idea. And I think it's a great idea. I think it's a great idea because there's nobody that cares more about this project. There's nobody that knows more about this project.

There's nobody that is as passionate about this project. There's nobody that can speak as well about this project as I can for better or worse. I got all the details. And so, you know, I'm excited to share what I know under oath with the court. And You know, it's like I've said all along, like we've been doing this now. What is this week? Hundred and twenty four that we're here communicating with you guys like we've been doing this for an extremely long time, more than two years, almost two and a half years. We've been.

being upfront, transparent, sharing this information, talking to you about the opportunity, talking to you about the risks, talking to you about the upside, the potential, the rewards, the thoughts that we're trying to connect. And we've been here talking for a long time and these calls are recorded and transcribed. And so anything that I've said in the last hundred and twenty four weeks, I'm fully prepared to you know, for it to be used against me in a court of law. So I don't think that there's anything really new that I could say Monday or Tuesday or Wednesday or Thursday that's going to be so earth shattering and groundbreaking that it could make or break this entire case. I mean, look, the facts are the facts. The information is already out there. I've got a little cleanup to do. while I'm on the stand, which is really important because our conversation has not fundamentally changed much at all in the last hundred and twenty four weeks.

But we have learned some things. We have discovered some things. We've changed some things to to continue to adjust to the environment that we're in. As we learn about merge mining, the mine is going to do it this way. Well, hold on. We discovered immersion cooling. Well, now the mine's going to do it this way. We talk about those things.

And that's an important thing that's going to come up again and again and again at the hearing. So I will be likely to lead off the hearing and set the temperature for the entire thing possibly uh starting on monday so i'm up first as i've been told and i'm very excited about that um but i'm more excited right now about how everything on our ecosystem and our world is is coming together um we've Worked hard these last six months. You know, you get a setback in one area. Once you pick yourself up from the mat, you keep going. And, man, our team kept going around the world. And that's really impressive. And, you know, grateful to a certain extent for the time that we've had to find clarity, find more utility, find out who our friends are, right? find out who's really on our team and who's really rooting for us or who was just there showing up hoping to make a quick buck.

It's all coming together now. Maddie, why don't you take a minute and show us around what's happening in X? And just to frame this, I don't even know if we had an X account before, you know, a couple of weeks ago, like I never went to it. I never like posted on it, never looked at it. We pay a thousand dollars a month for it. I know that that bill hits the American Express card every month, but I've never really cared about it, which is really silly because that's where the entire crypto community hangs out. Crypto bros are on X. They're not on Instagram.

They're definitely not on TikTok. they're not really on Facebook. Some of them are, some of them are on YouTube, but X is where the crypto community calls home. And we haven't really done much, if anything at all, to develop a relationship with that community until now. It's one of the reasons, Matty, that you're here. So take us through a quick tour of our X page. Maybe you're tuned in, listening to us right now on X, which is great. But take us through a real quick tour of our X page and show us the progress we've made and the work that we've done and how it's been paying off for us.

Yeah, definitely. Okay, let me mute it. Yeah, so I'm sharing my screen now. And as you can see here, this is the Texacoin account. It's at Texacoin on X. And just like Bobby said, X is like where the most important conversations in the world are happening for finance. It's where the... OG crypto people, the original generation of Bitcoiners and where all the whales are.

And now it's becoming one of the places where techs and coin miners are going to get their news to show the rest of the world that we have social proof that we're worth talking about, that we're worth looking into. And so that's been going really well. Luna PR and I have been working hand in hand to get the word out and to grow this account. And so one of the things that you can see here is... past three or four months. And you'll notice in July and August, the bar graphs are so large that you almost can't see May and June. I was going to say, you don't want to spend any time talking about May and June there. Right.

And it looks like there have been some breakthrough posts in the past, but I look at these metrics of impressions and likes because that kind of shows how much the algorithm is serving it out to people and then how much people are engaging with it. And one of the things that is extremely remarkable, let me see if I can... Showed off here is that the number of new followers that we have has gone up by like two thousand in the past month and Yeah, there we go new follows as is two thousand that's up and six hundred and eighty four percent compared to the prior month. And so these are extremely great metrics and especially this engagement rate here, even though it went down a little bit when we started posting more, that's significantly up and that's way higher than you would expect from any strong community in crypto, I would say having an engagement rate of like one percent or five percent is like notable. And so what this is telling us is that eleven percent of the people who are shown our posts are engaging with them. And so that's a really strong metric there. If you allow me to interrupt real quick and just talk about this while you're showing the screen, can you go back to that one year view? You know, one of the things that you can see if you look at August, September, October, November, December last year is that we were working it last year.

We had a couple of great kids that were helping with that project. We had Hayden that was out there working on building content and making fun videos. And you can see that if you work it, if you treat it like a job and a business and a responsibility, it grows over time. It takes time to get going. And what you're doing is you're demonstrating to the system that you're taking the idea of building a relationship with the community seriously. And so it will, over time, boost you up in the algorithms and decide that it wants to place a higher priority on the content that you're producing because you're producing it consistently. and so you have to invest time and that's a really important thing because um i've never understood it or appreciated before i'm not a social media guy i don't spend lots of time on social media and so you know the the thing you mentioned at the beginning of this in this uh this demo about social proof like i don't know what that word means you want to tell us real quick what social proof means Um, yeah, so like one of the ways to look at it, it's like social signaling. It's like, you know, if somebody is really well dressed or is like, you know, being socially you know like graceful then you expect certain things it's like a shortcut that your mind makes about something and there are accounts out there they have a million followers but each post that they have it only gets three or five likes and what that signals to everybody in the world is that that influencer either bought their followers and they aren't real people or even worse that that influencer burned their audience and uh and so you know maybe they they talked about a pump and dump and then they they never mentioned it again and there were a bunch of you know there were five thousand people who who got harmed by that and and so it also represents kind of like a trust score and and you know how much are you having people stick with you um Now, another thing that I'll mention because this is such an important place for Texacoin to shine is that Elon Musk, who owns Twitter, he just released, he open sourced the algorithm today.

So just today we found out what gets you more engagement. And it turns out that taking a link and sharing it and sending it to somebody, that is forty times more powerful than hitting the like button. so hitting the like button is still really great but the the twitter algorithm is really going to reward you for for hitting the share button down here this arrow and then you copy link i think that's a x boost and share the post via your social media uh connections that is like a x boost and so now this week is a perfect time to go uh do that because There's all these giveaways that real people in our community are winning. I think it started at two hundred dollars a day and it goes up fifty dollars every day. And so today there's a giveaway for five hundred dollars USDC for liking, reposting and dropping a comment about what what does honest money actually mean to you? So if you know somebody who like you onboarded to Texacoin or who doesn't know about Texacoin yet, if you go and share this giveaway with them, they'll have the opportunity to win some real money. They'll get to learn about honest money and the rest of crypto Twitter will find out about us as well. and we'll get a twenty or forty X boost in the algos.

So that's really important stuff because those algorithms change from time to time. It's very rare that they publish exactly how they work. And so head off to to transparency and. And, you know, going back to social proof real quick, it's like, you know, we all do the same thing. It's just like you said, you show up somewhere, somebody's dressed well, you're going to take them more seriously. This is how it works in the digital realm. If you're in crypto and you go to their X page and they got nothing, no posts, no engagement, no followers, you don't take the project seriously. And because I didn't take that seriously as the founder and fearless leader of this adventure of ours, I never set the expectation that our community needs to take it seriously or that we need to assign somebody to overseeing it.

uh well that's changed now maddie this is your job your job besides you know getting these live streams set up and producing them professionally uh is to foster a good relationship with our community specifically on x and encourage um minors to show up to that x conversation and contribute in a meaningful way you know we don't have the biggest numbers right now but they're real we don't have the biggest numbers right now but if our engagement is solid like we're seeing that's going to drastically help us um represent ourselves well to mainstream crypto they go there and they go ah it's a small project okay uh their numbers are small but but they're growing and so i don't know how much of that information that we're showing um in our reports and statistics you know third parties can see but we can see it and we can share it and we can show people that we're we're trying now to um to take social media seriously x specifically and not just social media but we're we're taking seriously the idea that we want our message to be heard we want it to be well received we want it to be taken seriously and that we're expecting uh that to work and to be successful and it's it's a job it takes time it takes effort and uh i can't think of anybody better on our team uh or elsewhere to oversee that big important responsibility than my man maddie who's also going to be joining us next week in austin to uh to give us kind of the recap every day of what's going down is that right that's right yeah i'm so excited I don't know if you're going to be able to live stream or have your meta glasses on while you're there. No, Your Honor, nothing to see here. Not live streaming this at all. Your glasses are catching on fire seven hours into your live stream. No, but in all seriousness, please don't break the rules. If that's not allowed, then don't do it. But... yeah we want to give you guys as close to real-time information from the hearing as we can uh this is our last time talking before that goes down the next time you hear from me i'll probably not be on the tuesday night call but the next time you hear from me will probably be on thursday night at the conclusion of this uh this this hearing this whatever it's called i don't know if it's a trial it's here yeah here it's here but it's all coming together guys between the utility that we're creating the um the communication that we're finally engaging in and doing so well uh the marketing and public relations work that we're doing with Luna and the team over there.

You know, they're so involved now that they've embedded their second in command with us. He's on vacation right now as I'm here in Amsterdam, but we spend almost every day together now making sure that he's got real-time access to information that's good and you know, as it happens kind of thing so that we can share that with the world. We're doing so much. And, you know, someday the price of TXC may accurately reflect how much we're doing and how awesome we are on the open market. It's tough when your big market, BitMart, decides to rug pull you and disappear and run off with all of your capital. So that certainly doesn't make it any easier to build momentum, but look, this is what happens in crypto. In fact, we actually got quoted in a news outlet the other day about our commentary with Cold Card. I don't know if you guys remember, but we talked about Cold Card last week.

Let me try to pull this up for you real quick. On Crypto.News, we got quoted there. Let me see if I can share my screen with you guys. Share screen so I can show you this thing that was... talked about on Crypto.News, great website, great reference, great, you know, full-blown, not a quote, but like a full interactive discussion about our particular feelings on this, you know, terrible thing that happened. And they even will link to the blog post on our website. But really my point about this is that we have to keep going, regardless of whatever it is. If it's a hack, if it's a mistake, if it's a node going down, it's a pool server being offline, it's a electrical outage, it's the departure of a key team member.

Whatever the setback is, if it's our main exchange disappearing and taking two hundred and ten thousand bucks with it, Whatever it is, we have to keep going, guys. We have to persist because the reason we got here, you know, the reason that Satoshi Nakamoto started Bitcoin in two thousand and eight and the reason that Rob Gray started the American open currency standard in two thousand and eight is because there's something fundamentally wrong with money. And money is the lifeblood of civilization. If we don't have money to trade with each other, it's bats and clubs and guns, guys. That's the alternative. We either trade with each other, honestly or we pillage and plunder as we did before civilization got its act together and said hey you know maybe there's a better way to do this maybe maybe we can trade maybe you can make something i can make something and we can trade and we'll use these gold and silver coins to keep track of who owes who what and that worked really well for thousands of years then the world went digital and that doesn't work so well anymore it doesn't make those things less valuable just makes them not as compatible with today's high-tech, fast-paced world. Satoshi came up with Bitcoin. Bobby went backwards on the horse and buggy.

But we both saw the same problem. And the problem is created by central banks and the men in government that allow it to exist. And that's been going on now for more than a hundred years in our country. It ends bad every single time, regardless of which number you look at, which statistic you use. Has the dollar lost ninety five percent of its purchasing power, ninety seven percent or is it ninety nine percent today? The dollar is in bad shape. Everyone says, when's it going to end? When's it going to die?

It's already pretty dead, guys. I don't know how much more value we can lose before we finally call it a failure. But the bottom line is that this is the track record that the central banks have proven to us over the last hundred plus years. It's a pretty long track record. And so as this crypto community comes together fast and furious out of nothing in less than two decades and comes with a new monetary system, a new system of exchanging value that's fast, that's borderless, that's permissionless, that's almost instantaneous. I mean, there's so many advantages to crypto. and it's going to take time for us to work out the kinks man cut us a break there's going to be some bad actors there's going to be some bad code there's going to be some bad regulatory you know stuff that we're going to have to deal with we're going to have to deal with all of it but if we're concerned about honest money if we're concerned about having something that civilization can use to trade openly and honestly with each other, we have to persist and not give up. regardless of what it is, regardless of how bad it is, we have to take it on the chin and we got to keep going because it's so easy to just point to some terrible exchange, whether it's a Mt.

Gox or an FTX or a BitMart or some hack or some smart contract code failing and be like, oh, should have learned our lesson and just stuck with the banks. Oh, man, we just we never realized how good we had it over there, losing all of the value of our savings. like that's the alternative and we can't go back we can't go back on honest money it needs us to take take it on the chin take it like a man and keep moving forward and that's a tough thing sometimes and we're going into this court hearing we don't know what the outcome is going to be we hope that the law shows up we hope that the facts and the evidence are well represented we hope that the judge in this case takes a moment and a deep breath and goes all right it's not a scam not a fraud, no theft. It's a little different from the things that we're used to. And the law is not real clear on how any of this is supposed to work. Let's cut them a break. Let's, you know, appreciate that they've learned so much and improved so much over the last two and a half years and let's give them a clean bill of health or not. or let the cease and desist stand in Texas and make it so that we can't make our money packages available to our fellow Texans.

Whatever it is, guys, we're gonna take it on the chin and we're gonna keep moving forward because that's what honest money needs. We can't give up, we can't go back. If we're as passionate as we say we are about a future that has honest money as its foundational standard, then we're going to take it and we're going to keep moving forward. That's it. It's all it comes down to. This is exactly what I said. What is it? Fourteen years and eleven days ago.

Is it fourteen years already? Fourteen years, eleven days. We just passed the fourteenth anniversary of the few moments that I sat down in front of Texas Congressman Ron Paul and the U.S. House Financial Services Domestic Monetary Policy Subcommittee regarding parallel currencies. And the government back then was talking about legalizing gold and silver. You don't have to legalize it. We don't need any gold and silver clarity. They're property.

We own them. If you take them away from us, it's called theft. That's what you did in Conducted the greatest heist in the history of mankind when you signed that executive order, making it illegal to own gold. Just give it to us. We'll take good care of you, they said. You can trust the government, they said. And then what? Nine months later, they said you can buy it back, but it's going to cost thirty five bucks an ounce now, almost twice as much.

They effectively stole forty percent of the wealth of every single person, not just in America, but on planet Earth. When they did that, they did that in nineteen thirty three. The government needs to leave our money alone. It doesn't belong to them. Our value, our work, our labor, our efforts and the way we choose to save and store that value. It's ours. It's owned by individuals. It's it's us and they should stay out of it.

And we don't need any clarity. for us to work hard to trade with each other and to store our value in whatever medium we want. Gold, silver, barrels of oil, food, supplies, clothing, classic vehicles, properties, whatever you want. We don't need any more laws. We don't need regulations. We don't need them getting their grubby little fingers into it. Just leave our money alone. It's what I told Congress Twelve years?

Fourteen years? Did we say fourteen? Yeah, fourteen. Fourteen years. Eleven days. And a little bit of time. That's what I told him. And it's one of the things that I did a number of years ago that I believe has made me qualified to be having this conversation with you here today.

There's not many people in our space that can point to something fourteen years back that's as congruent and on brand as that is for us. And so Gomi, I'd like to share that with you. Maddie, if you've got it queued up there on the outro, as soon as you hit the end stream button, I guess it'll kick in. It's six minutes and thirty seven seconds long, guys. As we go into this exciting time for us that we've waited a long time for, I want to leave you with what i shared with congress on august second twenty twelve when i told them what i really thought after five years of working with the american open currency standard and getting towns across the country bartering with silver coins the message then and the message now are identical leave our money alone it's ours let us figure out how we want to store our value If you can just stay out of our way, that would really be spectacular. We'll keep working. You'll keep throwing new rules and regulations at us. We'll keep going.

It's okay, because we like to live. Sometimes we even appreciate the challenge, but leave our money alone. And that's what I shared with them, fourteen years ago, and it's the same message that I'm gonna share with them this Monday. In Austin, in Texas court, represent texacoin and the members of our community and i want to thank you guys for being here for this journey this long um it really means a lot to me and i look forward to coming back to you guys with a full update in a week and tell you exactly how it went otherwise good night good morning maddie take us away all right and now we'll go to mr gray Thank you, Mr. Chairman and members of the committee. My name is Rob Gray, and I was asked to testify today on the theory of competing currencies and the practical challenges that make such a theory difficult or impossible to implement. For nearly five years now, I've successfully directed the American Open Currency Standard, the standard for private voluntary silver, copper, and gold currencies that compete against each other, not against the U.S. dollar.

Allow me to clarify, we do not consider AOCS-approved medallions produced and traded in our private barter marketplace competition at all. to the US Federal Reserve note because fair competition, as one would find in the free market, assumes the existence of a level playing field, existence of a standard set of rules. Those players who wish to compete honestly do so by simply relying on the merit of the value that they bring to the market. No fair challenge can be made between honest men and thieves. Let me be clear when I say thieves, I refer directly to the current private central bank and the men in government who allow it to exist. It brings us to a critical point. According to your employee handbook, Article I, Section Eight says that Congress shall have the power to coin money, regulate the value thereof. And I would argue that since nineteen thirteen, Congress has failed to do the job with which it has been tasked.

In the free market, since our inception, the open currency standard has enjoyed nearly five years of growth and success, and our mission of issuing a means that allows valuable exchanges among men who produce. In the next five years, we expect to expand our offerings and to increase our ability to keep up with the demand for our private currency. We are doing the job today that Congress would not. But back to theory. The use of community currencies here in the U.S. became popular back in the early nineteen thirties. You see, at the time, the theory was that a group of the world's most powerful men were intentionally and systematically removing currency from circulation, creating artificial scarcity of money across the country. Small cities and towns felt it worse than anyone, but life did go on.

Then, during the greatest economic depression the country had ever seen, individuals across the country developed their own mediums of exchange. They still needed things like food, clothing, daily essentials. They still needed to live. And they didn't have time to sit around and wait for the government to fix the problem. And so, according to historical records, thousands of community currencies were created, circulated, and traded in places where the scarcity of dollars was interfering with humans' desire to live. Individuals took it upon themselves back then to secure the means for their own survival and potential prosperity. More recently, community currencies have sprung up across Europe as the Euro and other national currencies become increasingly unavailable and undependable. Today, communities all across the Eurozone trade their own money instead of the Euro.

Community currencies today are not simply a good idea in theory. Right now, alternative and complementary currencies circulate widely across the country right now in many different forms. Ithaca, New York has Ithaca Hours that are loosely based on the value of time. Berkshire, Massachusetts uses a fiat-backed fiat system. And many more communities circulate gold, silver, copper, AOCS-approved barter tokens as a medium of exchange. As for the practical challenges in the issuance and circulation of complementary currencies, there are plenty. In a voluntary system, those that participate in the trading of private currencies must deal with the possibility of counterfeiting, fraud, scarcity, acceptance, accounting, storage, and other issues, all without the luxury of Big Brother holding a gun to anyone's head to ensure their success. But even with all these risks, the market still moves on.

As in any free market, good ideas circulate with success and bad ones eventually fade away. Participants voluntarily choose to accept and circulate the highest quality currencies in exchange for their best production. Merchants accept complimentary currencies based on the premise that someone else is willing to do the same thing later. Issues arise and are worked out by the market with only one light to guide them. the mutual exchange of value. No guns, no laws, no force, just the willingness to think outside the box and act on principle. Complementary currencies are not new in theory or in practice. Private currencies circulated long before governments erected themselves to interfere.

What's new, however, is the public's apathy towards the government, the Federal Reserve, and their policies. You've managed somehow for the last hundred years to convince the citizens of this country that you're relevant. But now, just recently, we're beginning to see the tides change on this, and once it catches on, you'll be rendered completely obsolete. The greatest hurdle you'll face over the next hundred years is trying to convince we, the people, that you're still necessary, in spite of your failures to get the job done. Sure, some will rely on you for handouts. It's what they've always known their entire lives, and they'll be slaves right up to the point of their own destruction. But they don't know any better, and I don't blame them for their ignorance. In the future, you'll not have to worry about million-man marches or citizen journalists trying to catch you on camera.

What you need to fear is no one paying attention to you. The next American Revolution will be fought not with bullets and bombs, but instead it will be one with the opposite consciousness. To that end, I'm here today to propose a solution. My understanding of this committee is that you want to be part of the solution. You want to believe that you're doing something good for the country. And so today, the greatest gift that you can offer to the people that you clearly represent Not to the legislature, but directly to the public, is what I call IR-III-O-VII, Individual Resolution-III-O-VII, commonly referred to as Ignore the Fed. Store your wealth in silver. Bank with non-fractional banks that pay real money on deposits.

Use the card service network to satisfy dollar obligations. Do not try to compete with the Federal Reserve System. Simply ignore them. I ask you to leave the Fed, their Federal Reserve notes, and leave us our gold, silver, and copper. Do not push to redefine whatever representations we choose for our wealth. Let the Fed do what it wants with their legal tenor so long as they leave our money alone. I warn you, honest money legislation is a wolf in sheep's clothing. The greatest thing this body can do is exactly what it's done so far, absolutely nothing.

All I ask is that you stay out of the market's way. The people in our world are very happy to go right along saving you from your own destruction by producing value against all odds, regulations, codes, and challenges that you throw our way. But leave our money alone. It doesn't belong to you, and it never will. The bottom line is very simple. Humanity is not going to wait for permission to survive. Things that cannot go on forever simply won't. The market will move on with or without you.

And based on your rate of success to date, our preference is certainly without you. Thank you for your time.