2462 FBF: Goldman Sachs Growing Influence & Militarized Police Forces with Mark Faulk - Writer & Co-Producer of 'The Wall Street Conspiracy'

Welcome to this week's edition of Flashback Friday, your opportunity to get some good review by listening to episodes from the past that Jason has handpicked to help you today in the present and propel you into the future. Enjoy.

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Welcome to Creating Wealth with Jason Hartman. During this program, Jason is going to tell you some really exciting things that you probably haven't thought of before, and a new slant on investing. Fresh new approaches to America's best investment that will enable you to create more wealth and happiness than you ever thought possible. Jason is a genuine self-made multimillionaire who not only talks the talk but walks the walk. He's been a successful investor for 20 years and currently owns properties in 11 states and 17 cities. This program will help you follow in Jason's footsteps on the road to financial freedom. You really can do And now here's your host, Jason Hartman, with the complete solution for real estate investors.

Welcome to the Creating Wealth Show. This is your host, Jason Hartman. This is episode number 451. Thank you so much for joining me. We've got a good show for you today. Don't we always have a good show for you? You know, mostly. Honestly though, if I really had to, uh, to be fair about it and objective Not every episode is is up to my standards. I'm I'm just being honest, folks. We all have good days and bad ones, right? But wow, things have been absolutely crazy for me lately, and they're going to continue to be a little crazy for a while. As you know, I've been traveling like everywhere. You know, when you travel. It's, I mean, it's great to go on trips, right? But of course, it's a mega hassle dealing with airlines and so forth. And, you know, what's your favorite airline? I'm kind of trying to figure out, but I think my favorite is United. Number one, they're so dog-friendly and Coco loves to fly. She loves to fly and it shows, as the old saying goes. I don't think that was a United one. United was the friendly skies, right? Anyway, I don't know who had that saying. How about a prize for anyone who can tell me who said Who had the corporate saying, we love to fly into shows, you'll win a prize. What will the prize be? I don't know. We'll think about something. But anyway, you know, I've— when I flew United to Birmingham to do our property tour there, the jet we flew on was 2 days old. 2 days in service, that beautiful new jet. And I think they have the newest fleet out there. And, um, you know, they're pretty friendly. I like United. Of course, Southwest is always known as a great, like, friendly airline. And, um, I like Southwest, you know. I mean, you certainly can fly first class on Southwest, but I don't always fly first class. Most of the time it seems like I'm stuck in steerage, as they said on the Titanic. But, um, I tell you, if that's one reason to really focus on getting wealthy, I don't know, I'm just too frugal nowadays. When I was younger, I flew first class more often than I do now. It's kind of weird. But on the long trips, I always try to because I just— I'm just too old to do those long trips in coach. You know, if there is one reason to invest and to focus on being a good investor, it's to make enough money so you can travel well. Because traveling, traveling like a peasant is no fun. It really is not. It's pretty annoying, actually, in many ways. But yes, I've been on so many trips. And when you go on all these trips, The time you have back home is totally compressed. So, you know, to interview all of these guests that I've interviewed— I mean, we've got so many great shows for you coming up. I mean, I've just been knocking out interviews like crazy, and it's great to talk to them. It's totally educational and totally interesting. But, um, you know, you got to compress them all into the matter of a few days. And when I got back from Aruba on Sunday, I literally went to bed and that morning at 8 AM, I, I was at my mastermind meeting for 3 days and it ended yesterday. And I think yesterday was one of the most productive days I've had in recent history because we did what we call synergy sessions where we, we got together with certain key people that we know through the group and, uh, worked on business plans with them.

Mm-hmm.

worked on affiliations. You know, these are potential local market specialists, some of them. Some of them are experts in land trust, land contracts, and contract for deed. Some are experts in wholesaling. Some are experts in, you know, fix and flip type stuff. Some discounted notes and trustees and trading paper. And, you know, so— I spent the whole afternoon yesterday just meeting with all these different providers, and let me tell you one thing for sure: the upcoming Meet the Masters event that we've got just just one month away is going to be our best Meet the Masters ever. It's going to be the most creative, the most empowering for you as investors, and it's just going to be a fantastic event. I mean, we we're going to talk. I think we've got this speaker inked. And I talked to her again yesterday. She's 99% sure she's coming to speak at our event. And let me tell you, she has got a Roth IRA strategy that is going to blow your mind. I mean, it is going to blow your mind. So even if you don't have a Roth IRA, of course you have the opportunity to convert to a self-directed Roth IRA. Or you can just open another IRA and that can be your Roth. So there are lots of choices here, but in terms of creativity, this is not going to be— if you're a regular, and I know a lot of you listening are regulars, you come every single year and we love that. I thank you for that. I thank you for being such devoted, devoted fans and customers and clients of ours. And if you come to Meet the Masters every year, in fact, some of you have probably come to all 15 of them. We used to do them twice a year, so that's why the count is a little off. Um, so it's— we haven't been doing them for 15 years, uh, but, um, but, uh, used to do them twice a year. Now we just do them once a year because it's a pretty hard event to do. You know, it takes a lot of work, uh, to line up all these different speakers and so forth. But this will be— you hear me say stuff like this pretty rarely because When I say something, I'm pretty much going to deliver on it. And I think you know that if you're a client of ours. Hopefully you feel that way. Okay, we, we like to make the, you know, we like to follow the philosophy of promise less, deliver more. But this is going to be the most interesting and creative Meet the Masters of Income Property Investing event we have ever had. It's really gonna Gonna blow the doors off all the past events. So be there or be square. And, um, we've sold, uh, more than half the room so far. So I'd say probably 60% of the seats are gone and they're selling quickly. You've still got some early bird pricing. Go get that at jasonhartman.com and click on the events section to register right away. Our guest today will be Mark Falk, who will be talking about The Wall Street Conspiracy.

Welcome to this week's edition of Flashback Friday, your opportunity to get some good review by listening to episodes from the past that Jason has handpicked to help you today in the present and propel you into the future. Enjoy.

Oh, you know, we never talk about stuff like that on this show, do we? I'm being facetious, of course. You know, why is it that people say I'm being facetious? You know, how about if you just say I'm just kidding? I don't know, that seems like a, you know, these $100 words are kind of ridiculous sometimes, right? That's one of them in my book. But anyway, I'm just being facetious. Okay, so, um, yeah, we've got that. And our guest, uh, he'll be with us in a moment. But I do want to make a comment on one thing especially, and that is this question. It's actually a question, and the question is Are we gearing up for the next housing crash? You know, I've been talking to people the last 3 days about that. I talked to another podcaster today about that who— he had about 120 single-family homes and then partnerships in several hundred more and does some commercial real estate stuff as well. And I had a talk with him about that today. It was very interesting. And I think it is very possible that we are gearing up for the next housing crash. However, I don't think that's true of the linear markets that we recommend. I think it's true of the markets that make the headlines, the cyclical markets, and maybe even the hybrid markets a little bit, like where I live, Phoenix, Phoenix, Arizona, okay? Which is a hybrid between the linear and cyclical markets. But one reason for this is that I'm starting to see this silly, loose, dumb lending standards again. And these are really more for homeowner occupant type buyers and borrowers than they are for investors. The investors, you know, the pendulum is definitely swinging back in the direction of the borrower where it's becoming easy to borrow. But I mean, Fannie Mae and Freddie Mac feel that enough time has passed since the subprime mortgage crisis that they are now offering— get this, folks, get this, ready? The 3% down mortgage again. Yes, you can, you can buy a home with 3% down as an owner-occupant. So that's really stupid and silly. But what does it mean to us? What does it mean to investors? Well, It means that there will be upward pressure on prices created by this additional demand out there. And so it—I mean—the one thing I have learned over the years, and I've been doing this a long time, folks—the one thing I have most definitely learned is that Americans have a really short memory. And hey, I'm an American. You know, I remember the subprime crisis like it was yesterday, and the rest of the financial crisis—it wasn't. a subprime crisis, it was a Wall Street crisis. And that's what our guest will be talking about today. Uh, not the Wall Street crisis specifically, but the Wall Street conspiracy. And so, uh, it's just— it, it amazes me that here we go again. You know, it feels like as Yogi Berra, you know, Yogi Berra, he had some of the greatest quotes ever. And You know, this one, if Yogi Berra were here, he would say, Jason, it feels like déjà vu all over again. Right? It feels like déjà vu all over again. And he would also say, when you come to a fork in the road, take it. That's, that's Yogi Berra. He had all these funny things. Oh, here's another great Yogi Berra quote. He said, History ain't what it used to be. You gotta love those. Those are, those are awesome. But anyway, uh, yeah, so, uh, some really good stuff. Now, one more thing I want to mention on Meet the Masters. When I'm talking about land contracts, and I'm, I'm pretty sure we're going to have a really good speaker flying in for this, and you know, these speakers are flying in from all over the country, folks. to educate us and teach us. And, you know, we don't do the typical thing. We don't do this pitch fest stuff. We don't allow people to sell products from the stage and things like that. We're, we're a real estate company at our core. That's what we do. We help people actually buy properties. And, you know, when you look at all of these different guru events out there, they're all full of people that are selling stuff. You know, they're selling a coaching program, they're selling Books and tapes. They're selling this or that from the stage. And, you know, they give you this little bit of teaser information and you're sitting there saying, where's the beef? Like that old Wendy's commercial, right? Where's the beef? That little old lady would say. And I hate that type of stuff. You know, it's unbelievable. I remember I went to one event and it was for this company that is now out of business, I'm pretty sure. called Nouveau Riche years ago. And it's the guy, literally the first speaker at this, this event I went to. I mean, it was, it was terrible. I couldn't believe how bad it was. I couldn't believe people sat through this junk. And he sat there for 2 hours. Well, 2 hours. The first hour, he basically talked about his family. Okay, which, you know, hey, family's great, whatever. But I did not come to this event to hear about this dude's family. Okay, I came to hear about real estate investing. And then the next hour, he just teased you with this little bit of information where you had to, you know, buy the $18,000 course to get the details, supposedly. I mean, just, just so much crap out there. It just drives me nuts. And so many people fall for this. You know, I have had this happen more times than I can count. Well, actually, I could probably count them if I knew the number. I could count that high, but a lot of times this has happened, right? Where I'll be giving a seminar or our Meet the Masters event, whether it be the you know we have two core events: our Creating Wealth in Today's Economy or our Meet the Masters. And you know by lunchtime or even by the first break at around 10:30 in the morning, invariably someone will come up to me. They'll you know. Come up and they'll say, gosh, Jason, you know, this has been really interesting so far. I've already learned a lot. And I paid, you know, $12,000 or even as much as— get this— $64,000. And in that case, it was for Robert Kiyosaki's coaching program. Um, and, uh, you know, by the end of the day, they'll say, I learned more today than I learned all those weeks and with all that money from them. And that's the difference, you know, between being a seminar company or a guru company and being a real estate company. Okay? There's just a huge difference. Okay? And I hope you notice that. I really do. Because you'll notice that the content of the show here, it's not teaser content. It's complete information. You know, of course there's more to it, but you know, in terms of what we can tell you, we're telling you pretty much all we can tell you on every episode about that topic, right? It's not like you'll learn 59 ways to do this and you'll learn 13 ways to do that and you got to buy the course, right? You know, we just give you the information because our model is that, you know, we make money when people actually buy real estate. Right. And for the cost of some of these other programs out there, you know, when that person came up to me and told me they spent $64,000, I think it was, you know, somewhere in that ballpark. I said, you know, you could have purchased 3 or 4 properties for that. And they were just so distraught. And they said they knew, you know, it was— it's just a really sad thing. But, you know, they sell the concept of education, and education is certainly important. But nowadays, a lot of this education you can get it for free or very inexpensively. So that's an interesting thing. You know, we've got a show coming up where we're going to talk in depth about robotics on a future episode. And McDonald's, they're moving fast and furious into the robotics business. I've been listening to a great audiobook the last few days. I started it on the plane on the way home from Aruba. And, um, then I've been listening to it with what little time I've had at my mastermind meeting, uh, the past few days, uh, before and after, you know, on the way to and from that. And the book is, um, is quite fascinating. It's called The Second Machine Age, and it's all about— Oh, there it is. I just turned it on. And it's all about, uh, you know, computers and digital technology and the impact it will have. Um, the subtitle is Work Progress and Prosperity in a Time of Brilliant Technologies. And it really is, as I've said many times before, an amazing time to be alive. It is a totally, totally amazing time to be alive. So, uh, we're going to talk about some really interesting stuff there, um, and, uh, just a, just a lot of great stuff coming up. Before we get to our guest today, I do want to again Thank you for the, uh, the really nice reviews on iTunes. I've got just 2 quick ones here. Uh, I'm, I'm pretty sure I have not shared these before. One is by JP, and this is a US listener, 5-star review. I've been listening to Jason's podcast for the last 4 years and it's my absolute favorite. The content is dynamite, the events are awesome, and his business is so convenient for the passive real estate investors as well for full-time real estate people. I've sent some clients his, his way that are happy with their investments. Jason also gives cool food tips of all kinds, bite-sized advice for busy people to make their lives better. So thank you for that, JP. I appreciate it. And then Kent, also USA listener. Said a 5-star review said, I have several podcasts that I listen to during my commute or while at the gym, but Jason Hartman's Creating Wealth Show is my favorite. Every time a new episode is released, it moves to the top of my listen list. Jason clearly explains the path to financial independence without a heavy sales pitch or complex strategies so common to other podcasts. Hard to believe that such valuable information is Free! Exclamation point. It's free! Remember? Well, you don't know that commercial if you're not a Southern Californian. But Larry Miller, who I met in Argentina many years ago on a trip, he had this very successful company. I'm sure he still has it. I don't know why I'm talking in past tense, but it was called Sit 'n Sleep. And he'd say, or your mattress is free if you don't love it. So it was kind of a funny commercial. even written about in some, some different books because that campaign was so memorable. And continuing on in this iTunes review, Kent says, although primarily focused on real estate, I also appreciate Jason's broader economic perspective on how stocks, bonds, and precious metals and banking, etc., affect us as investors. Give it a listen, you won't be disappointed. If you follow his advice, you might even come out a little wealthier. Well, thank you so much, Kent. I really appreciate that. And listeners, please go give us a review, uh, whatever you want to say, just say it. Uh, we, we love your feedback and we appreciate it, and we appreciate your support for the show and, uh, you telling your friends about it. So let's get to our guest and let's talk about the Wall Street conspiracy. It's my pleasure to welcome Mark Falk to the show. He is the writer and co-producer of a documentary entitled The Wall Street Conspiracy, and he has some fantastic insights. He's already working on another documentary about the prison industrial complex, and I cannot wait till that one comes out. And it's a pleasure to have him coming to us from Oklahoma City today. Mark, welcome. How are you? I am good.

Thank you very much. I appreciate it.

Yeah, it's good to have you. So, um, tell us about The Wall Street Conspiracy. I mean, I don't think there are too many people left nowadays that doubt that Wall Street is a scam and it is a conspiracy. I hope there aren't many people that doubt that anymore. There used to be, but people— it's becoming pretty clear, I think. But, you know, what, what angles and areas do you, do you really, you know, have difficulty with?

Well, I mean, frankly, when I got involved— and the thing that people need to understand about this was that in 2008, when our economy collapsed collapsed, and Congress and everybody just looked stunned that there was corruption on Wall Street. They weren't stunned. They all knew about it. Everybody in Congress knew about it. They were, I'm going to say, mostly on the take in one way or another, meaning Goldman Sachs was writing huge checks to their campaigns. Goldman Sachs had 15 people in the Bush administration, and believe it or not, they may have as many as 30 in the Obama administration. So there was no surprise there. And I think that people, what they need to understand is that this problem has been going on for a very long time. It didn't just happen overnight and everybody was shocked and stunned and taken by surprise by it. We were not blindsided by it. I mean, I was a guy sitting at a computer and I started covering naked short selling, which is a type of stock market fraud that's— basically stock counterfeiting. In other words, they just— if you have a million shares of a stock that are out there floating around and being sold, they might sell 5 million in this scam. So they flood the market, collapse the stock, and create money by then turning in their chips at the end of that bet. I mean, that's a real simple analogy of how that works. But the truth is, that's just a symptom. That's just a way that they manipulate the market. And there's this interview in the film, in The Wall Street Conspiracy, and I don't even remember if it made the final cut. A guy named Bill Shea, who's— I think his grandfather was the one that Shea Stadium's named after, and he's a hedge fund manager. And he told me, he said, by the time Congress is allowed to— as if we give you permission, as the hedge funds— is allowed to to implement reform, we've already moved on to the next scam. So he said, it's like Congress is always the general fighting the last war. And even— and he said, and even worse than that, or better than that if you're a hedge fund manager, we write the next scam into the middle of that legislation.

That is, you know, that is fascinating what you're saying. Elaborate on that. So, I mean, When you say that Congress basically— okay, so, you know, one scam is perpetrated on the public and lots of money, you know, hundreds of millions, billions, maybe over $1 trillion are essentially extracted from the unsuspecting public. And it's usually the middle class who bears the brunt of that. And as we saw last time, certainly some foreign countries and people in foreign countries too. You know what? Look what happened in Iceland and so many other places. You know, no one— no wonder so many of these foreign countries, uh, hate America. I mean, look at what, what our Wall Street does. This machine is this global, uh, it's a global scam machine.

Yes.

It's not just the U.S. middle class. So, so the money is extracted, and then a law is created because, of course, all the useless people in government like Barney Frank Uh, well, formerly in government, I should say, have to come in and fix the problem. Of course, they have zero experience in banking, obviously. Um, but, uh, they, they come in and come to the rescue, and then the new— the next scam is basically written into the law that solves the old scam. Tell us about— elaborate on that. That's fascinating.

Exactly. That, that's, uh, and what he said is, he said, you know, he said, why do you think we have a 1,000-page reform bills. Why do you think? Because he said somewhere on page 400 and whatever, 52, 500, there's 6 words that are a loophole that open the door for the next thing that we want to do. So when you have naked short selling, if they're going to give up this idea that it's— and it started with little companies. That's what the film is about. It started with little companies. I was covering it. Christina Copeland, who— this is her film company, Brown Saddle Films, that made the film.

Right.

Um, she decided to make this film. She connected up with a guy named Darren Sanders. He worked for Stratton Oakmont years ago, which just recently became the subject of the film The Wolf of Wall Street. So Darren gets involved in this, and he passed away from cancer about the time the film was finished. And this guy is one of those rogue national heroes, a Brooklyn guy, but he He found out that there was fraud in Wall Street, and he became concerned about it before 2000. So while we're all sitting at home, he's out there by himself carrying a sign in front of the SEC, protesting in front of the NASDAQ and everything. And, uh, so he knew about this 15 years ago or longer.

Mm-hmm.

And he gets into it, and it starts out with them attacking little companies, what they call penny stocks. easy to kill a little penny stock. You can take a little company, you can flood it, you can manipulate its stock price up and down to profit whatever bet you're making. But then it grew to companies like— the next one would be Overstock.com. Patrick Byrne got involved in this crusade and they trashed him.

I had Patrick Byrne on the show.

Yeah, yeah, yeah. Turned out he was right. His company was being attacked by Goldman Sachs and other naked short sellers. And then it went to the biggest companies, and then the economy collapsed, and all of a sudden Bear Stearns and people like that are saying now they're devouring each other. And then the next thing you find out, Goldman Sachs is taking down the country of Greece with naked short selling. They're making bets with Greece and then rigging the game so that Greece loses and Goldman Sachs wins, that type of a thing. Well, now they've moved that fraud on to— first, they start packaging mortgages, and people would go in when they foreclosed, and you'd find out that your mortgage had been sold 5 times, maybe. But not only that, sometimes 4 people showed up and thought they owned that mortgage. So we sold multiples of the mortgages just like we sell multiples of stock. And now they're packaging rental property because everybody's losing their homes and they're selling these packaged rental properties. And I guarantee you they're selling them multiple times just like they did stock. So the scam just gets bigger and bigger and bigger. And they just take what basically is the fact that you can't track electronic trading properly because there's not a piece of paper that says I own this house or this stock or whatever.

Right, right. And it's even worse. I thought you were going to mention it, but But what Wall Street is doing is they're, they're, uh, they're now in the business of securitizing rental income.

Yes.

So instead of— what they're doing is they're selling people the stream of income from rental properties. And there is going to be no possible way that an investor can know, number one, that the fund really owns the properties. Number two, you know, where that stream is coming from, when the property is vacant, when it's occupied, how much the tenant paid. Uh, you know, what repair issues were there, etc.? You know, what management costs were there? I mean, there— it's just rife with fraud everywhere you look. And that's why I say, you know, I have, uh, I have 10 commandments for successful investing. And number 3, which is one I talk about all the time, which is thou shalt maintain control. Be a direct investor. Stop giving your money to somebody else because When you give it to someone else, you know, they— one of 3 problems always happens. Sometimes it's all 3 at the same time. You know, the first one is you're investing with a crook. You know, we've certainly seen enough of that. Okay, uh, the next one might be you're investing with an idiot. Uh, so there's enough incompetence out there too. But assuming they're honest and competent, they take these giant management fees off the top. They're just skimming the profits off the top of the deal.

That's right.

So that, you know, the investors don't get anything. Like, there's this company here in Phoenix where I live, and, you know, they, uh, they, uh, basically are now, uh, pooling money, and they're, uh, they're buying up properties, and then they're getting investors to invest in them. Now, this has been done for years, and, you know, zillions of people have done it, but, you know, I know these people, okay? And I know they are the way they do business, and I mean, I wouldn't, I wouldn't trust them with a 10-foot pole, you know. It's unbelievable, you know. You, you just know that the— I mean, one of the people even said to me, you know, uh, well, you know, what do your clients think about investing in this deal they have? And I said, well, you know, my clients want real returns, you know. They want, they want to make, you know, 10, 12, 20, 30, 40% on their, their investments. And, and you can do that in a real estate deal because it's multi-dimensional. But, but what they, you know, they said, well, you know, they don't— I said, they don't want to make 6% and 8%, okay? And I— and, and the guy says to me, his name was Jack, he says, well, I got tons of clients that'll settle for 6% or 8%, you know. I'm like, well, more power to you, because yeah, I, I know on those real estate deals they're making a lot more than that, and they're not, they're not returning it to the investors.

And that's why— and on the front end, then they do things like they package those together and move them on down the road. So they don't even care what happens to that deal in the long run. And that's, that's kind of what this film addresses, is it goes back to the beginning of how this fraud came to be. I mean, you can take it all the way back to, you know, them betting on whether Napoleon was going to win or lose, you know, the Rothschilds, maybe.

Yeah.

And what made lots of money. So this is, this is a time-honored tradition, you know, betting on success or failure. But they don't care. The idea that you invest in a company like you did years ago and it grows slowly, and 20 years later that stock has made you a millionaire— those days are almost gone.

Yeah.

They're almost gone. They want to make their money quick, and they don't represent you and make a commission off of you becoming successful. They represent themselves and they'll suck you dry just as quick as they'll suck dry everybody else that they're manipulating. That's a fact.

Yep, yep, you are, you are darn right about that. So, um, are there any other examples you want to share of, uh, you know, of the Wall Street conspiracy? Just any specific examples?

Well, there's some interesting things, is that, um, this is the thing that at least should have been fixed in 2008. And they did do what they call reform packages. But to this day, I had an email the other day of a company, and let me see if I can find the name of this company. It's called Mankind, and it's a little company. It's another, you know, they're on NASDAQ though. MNKD is your trading symbol. And I'm not gonna recommend this company or not recommend it, but it's a company that's still— here we are You know, years later, we started trying to set up hearings with the Senate Banking Committee in 2005. I was involved in those. And here we are 10 years later, and they haven't done a thing to end this fraud. So you can Google naked short selling at any given time and find current articles that say the SEC's going to have a hard time, you know, taking care of naked short selling. They could end it today if they wanted to. And that's one of the points of the film. It could be ended today, except that Goldman Sachs owns the politicians and Wall Street owns the process, and they clear their own trades through the DTCC.

Tell us about that. What's the DTCC? With no oversight. What's the DTCC?

It's the Depository Trust Corporation, or Clearing Corporation. And it's a a big central weird beast that all of the trades— you buy a stock, it goes into the DTC, they issue the stock back out to you as being sold. But they do this thing called stock borrow, where if they don't have the stock, they just say that you have it, and then they go borrow it later. And that's part of how this— But the DTC doesn't have any oversight. It's owned collectively by the largest brokers. Of course. So their job is to clear and make sure properly all the trades are cleared.

But yeah, and, and, and engage in high-frequency trading before that so they can, they can skim more of the profits off. It's just, this is just unbelievable. I sometimes wonder, does this go on in other countries? You know, you would want to think that the U.S. is the cleaner of, of the, uh, of the different choices internationally. in which to invest. But I don't know, I think it might be—

It goes on everywhere. I exposed in 2004 in Berlin one of the scams where they would go to Berlin and create fake accounts so they could manipulate stocks in America. And Canada did it before that. So they find these— and of course, the Cayman Islands is famous for it, and Belize and Switzerland and Liechtenstein. Liechtenstein. There's all these places that are famous for where to launder and do these, you know. And that same guy, Bill Shea, describes in the film how he's like, I can take the stock, I can buy it in, in London, I can clear it through Germany, I can run it through Switzerland. And by the time it gets back to you, you have no idea whether there's any real stock or not because I ran it through 5 different places. You lost me about 3 countries ago. So it is a national thing. It's not just America. But we are, as the capitalist, you know, center of the universe, we are the center of where the corruption is based. I mean, sadly enough. I mean, you think of the DTC as just being like the Federal Reserve. You think it should be controlled by the government and owned by the government, but it isn't. It's its own private, profitable enterprise, and it just helps to cloak and dagger and, and, and put all of this behind a curtain so that it's secret. So you don't know if you buy a stock to this day, you don't know if you own it. You just have no clue if you own it unless you have in your hand to this day an actual, you know, certificate for that stock. It's the only way you know.

And, and, and I think, uh, I mean, even Disney doesn't do stock certificates anymore, I hear. So So there, there are no stock certificates. You know, the, the money isn't real. The stocks aren't real. It's all fiat money. It's all a form of fiat money. Fiat meaning just by authority, you know. That's right. It's, uh, it's not legitimate. Yeah.

Well, to this day, there are companies that are still fighting this same fight. And Mankind, you know, which is a medical company and has come up with a Fresra, it's a Afrezza, I believe it's called. It's an inhalant for diabetics, and it's been approved, and it's doing very well in the process, you know. But then their company's getting attacked, so they may destroy the company, possibly, you know, hopefully not, before this product that diabetics could use instead of taking insulin shots 5 times a day. You use an inhaler. They don't care. They'll attack that company just like they'll attack Overstock or anybody else. Doesn't mean a thing to them.

It's these people have no concept of morality and ethics. They are vultures. They are disgusting, disgusting people. And it is unbelievable the way they, you know, they ruin companies that would otherwise do good things for the world. And, you know, I mean, I've covered so many of these issues and so many of these cycles on, you know, hundreds and hundreds of episodes. It's just It's just beyond the beyond. How are we ever going to fix any of this stuff? Is it ever— is the pendulum ever going to swing back?

Oh, dear Lord. Well, as I, as I've been involved in the prison industrial complex stuff, and that spills over, of course, into the militarization of the police and etc., etc., etc., the thing I'm seeing is because that one's such a direct type of, of, of pain You know, it's painful when you lose your house, but it's very direct when I throw you in prison. You know, it's sad, but it's just a matter of directness. So there's a backlash starting to happen, and I hope that you've seen, of course, like Ferguson— we filmed up there for a little bit— those people are angry, and they're angry because there's been 150 years of oppression and racism and horrible things happened to them, and they've been held down.

Mm-hmm.

Well, everybody needs to be that angry, and it will literally have to be the demand of the people that will begin to create change. You know, Occupy Wall Street did a pretty good job of at least making us talk about the subjects. Then, of course, then they were attacked and beat up on because they don't want you to know all that stuff, you know. But it is going to take the people being angry because otherwise we will never get the influence of money out of politics. That's where it starts. It starts with, you know, you should not— corporations are not people. You should not be able to put, if you're Goldman Sachs, unlimited amounts of money into an election and just buy the election. And they do it every day. But somehow that is the very beginning. Get the money out of politics. And that won't happen unless people rise up and actually begin to put in candidates and vote in candidates Who aren't corrupted, prove that the money isn't the end-all be-all of getting elected or running government or buying influence in our society. That's the only way to fix it.

You know what I think has to happen? I think we need to see a real secession happen. And if there is a real secession where like-minded people move to, say, Texas, for example, that would be, you know, probably a pretty good candidate.

You could see them doing that.

And you see them doing it. And they secede. And, you know, it'll be, it'll be interesting and scary to see if our federal government rolls tanks in there and, you know, makes a war out of it, or if they just will let it happen. And, and, you know, people get to govern themselves.

And they won't let it happen. They will roll tanks in there. And, you know, the MRAPs that all of the police departments now have—

The police are the new military. I mean, I thought, I thought it was part of our founding fathers' original intent that, you know, the military not be allowed to, uh, you know, have any sort of presence, you know, in force against its own citizenry on U.S. soil. But all they did is they just militarized the police.

That's right.

I mean, what the heck does a sheriff's department need a tank for? You know, this is insanity what is going on. I mean, these cops are like You know, they, they are like, you know, they, they look like complete militarized, uh, I, I mean, you know, what, what are they expecting? What are they planning for?

It is, it's about control. And, and, and that goes back to money too. And, and it's always a profit motive. In this case, the wars are winding down. The defense contractors, they used to say, we'll give you surplus things with this 1033, um, thing that they allow, you know, if you're a police department, you can get a free tank, basically, basically just free. And it was supposed to be surplus equipment, and it included grenade launchers and—

Unbelievable.

But now, well over a third of that are rolling off the assembly line. So, so now it's just defense contractors milking the system. to feed the police departments with free toys paid for by taxpayer money to then be used against those same taxpayers as a militarized police department. And the funny thing is, that sounds like we're now off topic, but we're not. It all ties together. It all ties—

Okay, so tell the listeners how it ties together.

Well, it's, it's a very scary but kind of simple thing. And that's that if you're the Koch brothers, one of the richest families in the world, or the Waltons, you know, who own Walmart, or you're Goldman Sachs, or you're these people who control everything, you have to have control of the people. You have to have a way, because I used to say that the way they always did it in the past was corporations squeezed us and then they let us go. You know what I mean? We've always had this thing, but they let the middle class exist. So you got the feeling that they weren't going to kill us, you know. But around 2000, and I would say around '06 or '07, I started saying— I wrote a book called The Naked Truth, and you can Google my name and find it. It's on Amazon or whatever. But around then, I started saying that it felt like the final money grab. Like they didn't even give a crap whether they collapsed the economy because they're then going to make money shorting the economy that they collapsed.

Oh, I know they make money.

They're going to buy all the homes at bargain basement prices and buy all of the, you know, and they're going to just keep making money off of you until you're so broke that you, you go out and sell marijuana and then they're going to put you in prison. Yep. But because they're pushing so hard and because you can make money off of people going to prison, And asset forfeiture if you're a police department, and giving products to the police on taxpayers' money if you're a defense contractor. They need that because I'm telling you, there will be an uprising based on what they're doing to you on Wall Street.

Mm-hmm.

What they're doing to you with your mortgages, what they're doing to you with student loans, not paying a living wage, all these things that they've done to you, privatizing the world. At some point there will be an uprising, and they're already planning for it. And that may sound like a conspiracy, but look at the numbers and look at the tanks and look at the MRAPs and look at how much they've milked and sucked us dry. At some point we, we're gonna say no, enough is enough, and Ferguson is gonna look like, you know— No big deal. You know, compared to what could happen nationally. When that happens, watch those MRAPs and those riot police and those militarized police departments come rolling out in the streets, because I've already seen it. We filmed it 2 weeks ago. Yep. 3 feet away from 70 police officers in riot gear, ready to bust heads. And it was kind of frightening. Yeah. You know, so it all ties together. It's about control.

It does. You know, you know what the bright spot is, though? The bright spot is technology and mobility. And people are much more mobile than they've ever been, and people are talking. And we've had this huge democratization, at least for the time being until they figure out the kill switch, to talk about this kind of stuff. And let me tell you, when I was giving seminars, you know, 7 years ago, 10 years ago, people did not understand, you know, because I talk a lot about monetary policy to my real estate investor clients. And people did not really understand broadly the, the scam of fractional reserve banking and Wall Street and the Federal Reserve and so forth. But now let me tell you, you walk down the street and you talk to, you know, the person at a fast food restaurant, the guy fixing the air conditioner, and people know about this stuff.

Yeah.

The cat is out of the bag, thankfully, you know. So that, you know, that gives me some cause for hope. It really does.

It does. Well, and to that, and I can do this in a sentence, the thing that is exposing it is not the mainstream media. It's people like yourself. It's people like me. It's people on Twitter. It's people on Facebook. It's the only thing we found that the police feared in Ferguson was people like us with movie cameras rolling. That's the only thing that made them think twice. About just going ahead and busting heads out there. And you feel like, God, we're holding you at bay. We're messing up your party right now because we're filming you. And it goes— they livestream it. And like you said, that's, that's the internet. And that's electronic media who really are, are kind of feeding this, this mini revolution that appears to be brewing right now. You know, so, so we do have that going for us. We— there is hope.

Yeah, fantastic. Well, Mark, give out your websites and tell people where they can learn more about you and the film.

Okay, it's The Wall Street Conspiracy, and if you go to thewallstreetconspiracy.com, the film is available through DVD. It's also— you can see it on the pay-per-view on Amazon. And on any of the various, you know, pay-per-view sites, you can watch it there. So you can rent it for the day or whatever and watch it. You can, as I said, buy the DVD. It's The Wall Street Conspiracy. You just type that in, it'll take you straight to the website, which will link you to it. There's a great little trailer on there about it. And I would tell everyone to watch this. It's been out for about 3 years now or a little longer. But what's crazy is each day it appears to be more relevant than it was the day we made it. And then I'm proud of, you know, my, my involvement in that. And I'm excited about the next project we're working on. And what's funny is Goldman Sachs is now so well known that now when I'm talking about CCA, which is a private prison company, I describe them as the Goldman Sachs of private prisons. So we have all done a pretty good job of starting to expose this massive fraud that still exists. That's what I want to tell everybody. The day that film ends, and when you get to the last minute, the ending hasn't changed. The fraud still exists.

Oh, and it's only getting bigger. That's the reality. Yeah, yeah, good. Well, Mark Falk, thank you so much for joining us today. Thank you. I appreciate it.

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