“Can’t Control It” – Tulsi Gabbard Explains Why Governments Hate Bitcoin And Love CBDC

“Can’t Control It” – Tulsi Gabbard Explains Why Governments Hate Bitcoin And Love CBDC

but Tom can you give us an update with
today I don’t know if you guys saw what
the stock market anybody watched the
market today did you see how the stock
market did today it’s been a rough day
for the stock market to what are some of
the numbers came up uh to the stock the
reason why the market reacted the way
that it did yeah today was a a day a day
of reality right oh the stock market is
up you know Biden nomics is working life
is good right we keep being told that by
the mainstream media with a straight
face right this morning GDP that’s how
how are we growing how fast are it
growing grew at 1.6% for the first
quarter they were expecting 2 and a half
that’s not good personal consumption
consumer personal consumption was up 25%
we expected to be up 3% and the US
consumers give us all a round of
applause we’ve set a new record credit
card debt is just shy now of $12
trillion which is the highest it’s been
since they were keeping track of it
starting in 1999
so maybe consumers aren’t spending cuz
they’re a little tapped out and then uh
the pce price index today was 3.7%
versus 3.4% let’s just translate that
that’s core inflation for you and me
that’s gasoline that’s groceries that’s
Basics so all of those came out today
that said we’re growing less we’re in
debt more consumers not just America
because it goes without saying that
America’s in sort of permanent Mammoth
debt and personal consumption is down
and inflation is now ticking up again I
think this is something allot Americans
knew but now the stock market got it
right in the face this morning and um
you know that’s what the market did the
market went down there’s a lot of
response to that what do you think right
if you were in the Oval Office and you
were there today Mr President this is
what we need to do this we need
America’s hurting what do we need to do
here because now the numbers the
headlines are over we have real numbers
this morning you know the the first
thing that I think of when you bring
this up is is the the endless spending
you just mentioned it briefly but our
country’s deficit and and where we are
sending what was it $95 billion in that
package that was just passed recently
over over 60 yeah clearly over $60
billion doll uh going to Ukraine again
no no accountability no basic questions
being answered like what are you trying
to accomplish with this money uh how
will it serve our best interest how does
it help bring about an end to this war
none of these things the bar for that
now seems people hey we’ve got to hurry
up and get this out there because uh it
will help Stave off ukrainians loss so
so we’re at we’re at a very different
place now in they justifying this and
they’re trying to sell this this whole
package as an American jobs and economic
boost package so now now Joe Biden has
has basically said to the American
people we’re going to improve the
economy uh by continuing to fund more
Wars around the world um you know there
there’s so many layers of this of how we
can help encourage small businesses how
we can help invest more in our
communities how we can reduce regulation
my home state of Hawaii they they uh an
independent group just did a study about
the high cost of living there single
family home under the federal uh
affordable housing definition is
$750,000 people don’t make that much
money in Hawaii I think the average
median income is around 65 or 70 grand a
year but what this study found was over
half of those costs is because of
government bureaucracy and
overregulation so there’s a lot that can
be done directly at the federal level to
be able to help provide the kind of
boost in our economy we actually need
and really to grow our confidence in our
own economy and and and you look at all
the things that we’re talking about now
it’s no surprise that people are losing
that kind of confidence that we are or
can be soon in a good place tulsy
picking up on Tom’s question with the
economy um I’m looking at the market
right now Dows down S&P down nasdaq’s
down but what’s up today Bitcoin uh a
year ago you spoke at the Miami Bitcoin
conference this year it’s in Nashville
and then the the next day you were on
pbd podcast with myself and pbd um the
importance of Bitcoin the importance of
crypto The Importance of Being a
Libertarian the port of being sort of
detached from the
bureaucracy um the crypto space even
Central Bank digital currencies that’s a
major conversation you spoke that length
for like an hour it was an amazing
session Round of Applause people going
crazy um with inflation running rampant
everything the econom what are your
thoughts on that in regard to the
economy you know what when we go back
and and I think more of uh our leaders
need to do this and and just more of us
in our society is go back and and reread
uh the Constitution the Bill of Rights
The Federalist Papers and get a better
understanding of what our Founders
envisioned for our country they they
very directly pointed out and recognized
that power is the enemy of Liberty and
what we are seeing now now is those in
power see a free people as a threat to
their power and so when we look at the
Central Bank digital currency and no
matter how many times they tell us like
oh don’t worry this will have the same
privacy as you get with your Banks but
you know if you spend more than $600 on
uh venmo then we’re going to we’ll know
about it uh if you go and buy according
to Elizabeth Warren wants to know every
time you go and buy uh ammunition from
you know Dick Sporting Goods or whatever
they will find those criteria that they
deem as quote unquote suspicious
activity to be able to know how we’re
spending our
money and then you take that to the next
level of okay well now they want to be
able to control how we spend our money
through a central bank digital
currency um it it it all of this just
points to the reason why people support
Bitcoin why people support having an
independent
transparent form of currency that is not
under government control and this again
I just keep coming back to why do
elections matter why do our votes matter
well you need we need to have people in
power uh in our government from both
parties frankly who are open-minded who
will listen who will better understand
what’s going on in the crypto space
bring people in who actually know about
Bitcoin uh I I met a bunch of people at
that conference who were able to share
things with me know far more than I ever
will about Bitcoin but all of these
different applications of blockchain and
how we can use them to increase
Integrity in our elections to increase
transparency in our government there’s
so much there um that that people in
Washington know nothing about and
because of that we’re seeing the
reaction that we’re seeing by most
leaders in Washington which is well if
we can’t control it President Obama
spoke about this recently too how
concerned he is about Bitcoin because
the government can’t control it for
everyone out there that’s watching
everyone out there that’s watching Tulsi
is officially on man Rob if you can show
her man the first 50 people that man
with Tulsi we will send you a copy of
the book as well signed we bought copies
to get it out there because we are so
confident in her message being out there
we feel more people need to hear from
her so the first 50 that man with tulsy
ask her whatever questions you got and
those 50 names we’ll get we’re going to
send you a copy just make sure you’re an
americ
if you’re anywhere else outside of
America we’re not shipping to you if
you’re not in America don’t do the man
only in America will ship the copy to
your first 50 states thank you for that
so if you like this clip and you want to
watch another one click right here and
if you want to watch the entire podcast
click right here
[Music]

In this segment of the PBD Podcast, Tulsi is asked by Tom, the Biz Doc, about the current state of the economy, Bidenomics, and the financial markets. During the discussion, she offers insightful comments that shed light on these complex topics.

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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.