11:53 I guess, I'm thankful for that because we are kind of out there with this minority opinion that yes. I hope people are waking up to but it's just so tough to say and when it comes to the latest threads in the whole saga, I wanted to ask you about Biden's $3.5 trillion bill back tax plan as you call it the we will own nothing and be happy tax plan. And we know that terminology from the World Economic Forum, we also know that we saw Nancy Pelosi's version of the first COVID relief bill have language in it for a central bank digital currency. So you can learn a lot from what they try to get into these big packages, what have you seen in this proposed spending plan that supports that overarching You Will Own Nothing and Like It plan of theirs? Yeah, it's difficult for me to strategically
12:50 discuss whether I want the government to just bankrupt the country and so we can get over with the fiat collapse or try to get some sense of fiscal responsibility, advocate for fiscal responsibility in DC. Especially I think Pelosi just mentioned this today again, one of the most threatening things of this gigantic bill is that they want to empower the IRS by allowing the institution to check Well, mandating that these financial institutions report every transaction to them that anyone has made through their bank of $600 or more. And in a world of... well in a country with skyrocketing inflation that almost applies to like in a year that might be like the average cost of shoes the way we're going. So they want to and this package involves I think they're giving close
13:49 close to like a hundred, they want to give like close 100 billion dollars the IRS so you'll have one IRS agent for every American citizen that doesn't conform to the regime's demands and that's a very scary place to be in. The idea that they think that some are delusional enough to think that they're just going to print their way out of inflation and that's just not the way economics functionally operates...I think it's It is aster in the making but sadly the opposition to it three point five trillion spending bill washington dc. Is an accommodation in the form of maybe like two trillion dollars spending bills so its one bad solution,
14:36 I think Michael Malice, the famous libertarian said that these Republicans are basically something along the lines of it's progressivism driving the speed limit. So we're still going... they're still on the road to collapse just a slower road to collapse so for me i try to urge people that they shouldn't feel like it's patriotic to stay attached to the dollar whatever way you can find to protect your assets. You have to really do that in today's economy, a lot of people like Bitcoin and some people like gold. Some people want to invest in real estate because of all this rapid inflation the idea that you need to stay loyal to the US dollar and keep it in a bank account. A lot of people are going end up going broke and unhappy and the government is destroying the middle class in America
15:32 The road is not feasible. So people really need to do their own research and stop letting the government determine your future well said, and when it comes to these two spending bills that does seem like a lesser of two evils false choice once again And I jotted this down while listening to you cover this on your podcast but it's $79 billion dollars that they're wanting for the IRS when I heard that number, these numbers are always so crazy. I was curious well how does that compare to the usual IRS budget? And it says IRS's actual expenditures were 12.3 billion for overall operations in 2020 up from about 11.8 billion in 2019. So from the neighborhood of 12 to 13 billion shooting up to 79 billion
16:28 I mean, wow. That clearly does indicate a giant change in how they plan to operate and that is pretty scary Yeah, it's nothing more than a giant financial surveillance tool. And I also talked about this on my podcast that it's not like they're trying to enforce some kind of law. The problem is that there are so many laws on the books that if you assign a team of IRS agents to someone who has been an outstanding moral citizen and and has run what they thought was a very clean business, they'll find something. It's almost inevitable at this point that if they want to surveil you and they keep track of every single transaction that you're making every phone call every email every interaction with regulatory agencies They'll find something there are so many laws in the books So I think it's nothing more than just when you're giving them as much money for IRS You're just empowering the governing regime Mm-hmm