Money, Work, You: Why We're Worth a New Economic System

Alexander McCaig (00:10):

Good morning, everybody. Welcome back to TARTLECast. Can your mic arm? Not-

Jason Rigby (00:14):

Oh yeah. We put them too close together.

Alexander McCaig (00:16):

Always rubbing up.

Jason Rigby (00:18):

Our mic arms love each other.

Alexander McCaig (00:20):

They're always rubbing elbows.

Jason Rigby (00:21):

Yeah. It's great. They gaslight each other. What's the actual technological term of gaslighting?

Alexander McCaig (00:28):

You mean technical term?

Jason Rigby (00:29):

Yeah. We should look that up. I want to know.

Alexander McCaig (00:30):

Gaslighting is, well, it's better to just give an example because definitions don't work for people.

Jason Rigby (00:35):

Cause we're making jokes before.

Alexander McCaig (00:36):

Oh stay here, continue to work at the company. We got big things coming for you.

Jason Rigby (00:41):

There's nothing coming.

Alexander McCaig (00:42):

Oh we're going to give you a rai- fucking jack. Gaslighting.

Jason Rigby (00:45):

Yeah. So that happens all the time.

Alexander McCaig (00:45):

Happens all the time and people are like, "yeah, I'm loyal. I'm loyal."

Jason Rigby (00:50):

I know that people are talking about into relationships where it's like...

Alexander McCaig (00:54):

I'm going to do better. I'm going to do better. Gaslight her.

Jason Rigby (00:56):

Yeah.

Alexander McCaig (00:57):

Just gaslighting. I can see the guy walking around just doing the thing.

Jason Rigby (01:02):

So let me ask you this.

Alexander McCaig (01:03):

Ask me whatever you want.

Jason Rigby (01:04):

So let's get into a little economics and I want people to understand why TARTLE is so important for the future, especially with what's happening. So when we speak of the federal reserve and gaslighting, 1971-

Alexander McCaig (01:20):

It'll bounce back. It'll bounce back.

Jason Rigby (01:23):

They're like, "oh no, it's a one for one exchange". The theocracy is one for one gold.

Alexander McCaig (01:27):

No, no, no, no.

Jason Rigby (01:27):

Then it's like, what? 10 for one?

Alexander McCaig (01:29):

Yeah, thousand.

Jason Rigby (01:30):

Then they're like, well 1971. They're like, "we'll just take it off the gold sample. We don't need that".

Alexander McCaig (01:36):

Wait who is Bretton Woods.

Jason Rigby (01:39):

So then next thing you know, guess what's happening? They're just-

Alexander McCaig (01:42):

Print, print, print.

Jason Rigby (01:42):

They're gaslighting us.

Alexander McCaig (01:44):

They called GD. It's a German manufacturing company that builds the printing machines to print money. Got a couple of those puppies shipped over, and they're like, "we got to print".

Jason Rigby (01:53):

We're going. This is it.

Alexander McCaig (01:54):

We got so much debt, there's only one way to get rid of it. Print more money.

Jason Rigby (01:57):

So whenever we look at, and I want to go back to 2008, because I start a little bit of a history, a preface, and then go into the marketplace and why TARTLE's so important, and then data and what's going to be happening. So 2008, we had low interest rates and they're keeping them low on purpose. There's a reason for that. We have more debt than we've ever had. But in 2008 we had fragility of the system. So all of this kind of came to play.

Alexander McCaig (02:26):

C's, go to B's, B's, go to A's, they all fall.

Jason Rigby (02:30):

Exactly.

Alexander McCaig (02:33):

[inaudible 00:02:33] debt obligations.

Jason Rigby (02:34):

Yeah. So even now when you get into derivatives and stuff like that, and looking at debt, and holding debt. They just raised the debt ceiling. This is for us in the United States here, we're talking, but we'll get into the world economic side of things because every country you look at, whether it's, I mean-

Alexander McCaig (02:55):

Japan.

Jason Rigby (02:55):

Yeah. Whether it's Venezuela, their money's worth nothing now.

Alexander McCaig (02:58):

Yeah.

Jason Rigby (02:58):

They can print as much as they want, doesn't matter. It's not even worth the-

Alexander McCaig (03:01):

In the thirties, Germany, their money was worth nothing.

Jason Rigby (03:03):

Yeah. Yeah.

Alexander McCaig (03:04):

Some countries in Africa, absolutely nothing.

Jason Rigby (03:06):

Yeah, exactly. And then you see El Salvador, they just base it off the Bitcoin. So that could turn into a great thing. Because it depends on- I mean that's kind of risky to me.

Alexander McCaig (03:19):

Well that means I've just taken my entire economy of my nation and I have now completely pegged it against whatever the hedge funds want to do with the currency.

Jason Rigby (03:29):

Yes.

Alexander McCaig (03:29):

Genius.

Jason Rigby (03:32):

Which is what's happening right now.

Alexander McCaig (03:33):

They're going to manipulate that in a hot second.

Jason Rigby (03:35):

Which is how they got all- what people don't realize with Bitcoin and when goes up and down and fluctuates around, there's only, what, a hundred?

Alexander McCaig (03:42):

21 million.

Jason Rigby (03:43):

21 million, yeah. So if you're a billionaire or multi-billionaire...

Alexander McCaig (03:47):

You're going to buy as much as you can.

Jason Rigby (03:49):

You can buy as much as you can.

Alexander McCaig (03:49):

That's a difference.

Jason Rigby (03:50):

And then they manipulate the market and then they get profits at the end of the year.

Alexander McCaig (03:52):

In theory, Bitcoin's fantastic.

Jason Rigby (03:54):

Yes.

Alexander McCaig (03:55):

In theory.

Jason Rigby (03:55):

It's, immutable.

Alexander McCaig (03:56):

Here's the problem. The only people who can get it are the ones that already have money.

Jason Rigby (04:01):

Yes.

Alexander McCaig (04:02):

So the whole decentralized idea is not going to work with it. Someone needs to create a currency, "cough, cough", that people can actually earn through work.

Jason Rigby (04:14):

Yes and we've talked about that-

Alexander McCaig (04:16):

A million times.

Jason Rigby (04:16):

Several, multiple times. But I think we have YouTube episodes on it.

Alexander McCaig (04:21):

We do. So there's a date timestamp, said it here first, not to talk about that.

Jason Rigby (04:26):

But even in, and not to get into Bitcoin, but when you look at now companies are adding it to their balance sheets, you know? So that can mess up your profit loss date.

Alexander McCaig (04:35):

[crosstalk 00:04:35] Not directly indirectly.

Jason Rigby (04:36):

Yes.

Alexander McCaig (04:37):

They're like, "I don't want to actually, physically hold the asset, but I want someone who has an ETF, or whatever portfolio they're doing with it, I want to own a part of their portfolio."

Jason Rigby (04:44):

Yeah. So I think you're going to, like you said, the wealthy will be holding it. I'm pretty sure it's going to go up. I would imagine because as long as it's valued and there's only so many of them.

Alexander McCaig (04:54):

Are you kidding me? It's the easiest way to scam a system again. Just keep driving the price, just call your friends and be like, "oh, it's worth way more. It's worth way more."

Jason Rigby (05:02):

Yeah. It's worth $250,000.

Alexander McCaig (05:04):

That's literally what it is.

Jason Rigby (05:05):

Let's go. Let's go, everyone.

Alexander McCaig (05:06):

Do you know? Here, can I share something?

Jason Rigby (05:07):

Yes.

Alexander McCaig (05:08):

Harvard University, their business school, holds a little group thing at their strategic center where they invite the largest CEOs, like Fortune 10, maybe Fortune 50. And they all come and have lunch together. There's no rules. You think they're not talking about what's going on? Oh we should do this.

Jason Rigby (05:29):

Davos.

Alexander McCaig (05:30):

Listen.

Jason Rigby (05:30):

Bilderberg.

Alexander McCaig (05:31):

Here's the whole thing with the group here.

Jason Rigby (05:34):

Yes, the group.

Alexander McCaig (05:36):

Finance for all of time, right? For all of time has been based solely off of information.

Jason Rigby (05:40):

Yes.

Alexander McCaig (05:41):

Whoever has the information will be the leader. Whoever gets the information first, can move first. Everybody else is just a lagger.

Jason Rigby (05:50):

And the faster you move nowadays, quicker.

Alexander McCaig (05:53):

That's why I got the Lightspeed training. How quickly can we ingest a 10-K, have our algorithms analyze it instantly, and then make the trade off of it? They're only looking for key words, only looking for key numbers. Wow. That debt to equity ratio is wrong. Short it.

Jason Rigby (06:09):

So what do you think when you look at debt and it being so big and then you look at us printing money. What does the future look like when you add those two things? I mean, you can only do this for so long.

Alexander McCaig (06:23):

Well, how many band-aids can you throw on a body that's just bleeding everywhere? You know what I mean? You only have so many band-aids and you only have so much space to keep putting band-aids on top of blood. The blood leaves eventually. There's only a strict supply. Here's how this works. Debt, okay? Once you exceed a natural asset base, for instance, just like farming, you only have so much arable land, right?

Jason Rigby (06:45):

Yes.

Alexander McCaig (06:46):

Once you exceed that, and you continue to stress the system, just put more debt on top of it, it will cripple in the end. Your farm's soil, you will eradicate that. Within the future, you have nothing. You have collapse of your agricultural system. That's why monocropping doesn't work. So why do you think if it doesn't work with monocropping, it's not going to work with your debt strategy.

Alexander McCaig (07:07):

Okay? Any sort of quantitative using you choose to do, ultra low interest rates or negative interest rates, increase printing, those things only cripple those systems. You only make them more fragile.

Jason Rigby (07:19):

Yeah and in Austrian economics, which we like, they call this, and I love this, these two words, creative destruction.

Alexander McCaig (07:25):

That's what it is. So someone's like, so economists will be like, "I have an idea I got to solve. Let's just print more money. Why? Because the people of the United States have entrusted us to do so. We need to keep the economy afloat. So we figured the best way to do it is to just drive ourselves down a hole that we can't dig out of."

Jason Rigby (07:43):

Well, what people don't realize is printing of the money and everything that's going on now, we actually learned this from Japan.

Alexander McCaig (07:50):

Of course.

Jason Rigby (07:50):

So in the 1980s, they had an aging population, they were trying to manage crisis, and they had a control, super centralized, controlled banks. And so they were like, "Hey, well how can we do this?" And they started the quantitative easing.

Alexander McCaig (08:04):

Well, you know why? It's not-

Jason Rigby (08:05):

And it's stimulating.

Alexander McCaig (08:07):

It's two, it's one point you said and another one you missed. They age, they live a long time in Japan. It's like one of those blue zones. Right. Here's the other thing. They're so good at saving money.

Jason Rigby (08:18):

Yes.

Alexander McCaig (08:19):

The Japanese people were like, "oh, you just want to put more money out there? Great, we're just going to continue to save it." [crosstalk 00:08:25] It doesn't actually help the economy because they're not spending it.

Jason Rigby (08:28):

We're not good with saving money here in the United States.

Alexander McCaig (08:31):

No, we're the opposite.

Jason Rigby (08:32):

So capitalism creates this, and I was listening to, and this was really interesting.

Jason Rigby (08:37):

So from 1971, there's a chart that shows from the 1920 to now. And in 1971, this chart dramatically shot up.

Alexander McCaig (08:46):

I love your charts.

Jason Rigby (08:47):

And it's the word and the thought and the ideas of zombies. So.

Alexander McCaig (08:54):

What?

Jason Rigby (08:54):

Yeah of zombies, just zombies of itself. But it's funny how it correlates with, because whenever you're going into mass amounts of debts, printing, mass amounts of money, there's this, and then you have capitalism on top of it, which I'm for capitalism, not against it. When it's done properly, I think, and there's morals and ethics.

Alexander McCaig (09:13):

Okay, Ayn Rand, relax.

Jason Rigby (09:15):

But I mean-

Alexander McCaig (09:15):

Okay, Alfred Edersheim.

Jason Rigby (09:17):

No, but I mean, when you look at this, it creates zombies in the sense of there's no saving of the future. It's all about the here, the now, the quick, don't think about the future. Spin, spin, spin, go in debt, debt, debt.

Alexander McCaig (09:30):

Yeah.

Jason Rigby (09:31):

Why do you think most Americans are so much in debt?

Alexander McCaig (09:33):

Right? They're not concerned.

Jason Rigby (09:34):

They're just following the economic system that's out there.

Alexander McCaig (09:36):

They're total sleepwalkers, they're zombies.

Jason Rigby (09:38):

And we're encouraging people to get mortgages, which we talked about that.

Alexander McCaig (09:42):

[crosstalk 00:09:42] You need to get a house which is owned by the bank.

Jason Rigby (09:46):

You can have two cars. Which puts you at a $100,000 of debt. You have a house which you had $300,000/400,000 in debt. People have half million dollars or more in debt.

Alexander McCaig (09:55):

It's gross.

Jason Rigby (09:55):

You have five or six you'll credit.

Alexander McCaig (09:55):

You'll never get out of that.

Jason Rigby (09:57):

Yeah. Student loans. Look how much-

Alexander McCaig (09:59):

That's a scam.

Jason Rigby (10:00):

Yeah. But here's another, this is another creative destruction.

Alexander McCaig (10:04):

Yeah, why do people need to pay to be educated? Scam.

Jason Rigby (10:08):

Well, and that's why I'm still hopeful for humanity in the sense, not just for TARTLE, and we'll talk about how TARTLE solves this here soon. But even more than that, is when we have these systems in place and we have, and I'm going to use this and I think this is right- decentralized creativity.

Alexander McCaig (10:28):

Love that.

Jason Rigby (10:29):

That's why I like NFTs because as funny as they sound, it's decentralized creativity.

Alexander McCaig (10:33):

Well that's because [crosstalk 00:10:35] Sotheby's doesn't have to show up and say, "oh, this is the value". No, no, no. It's what everybody else perceives the value as.

Jason Rigby (10:39):

Sony Records, doesn't have to go to the musician. The musicians go straight out to the people. So I mean, I'm hopeful for that when the more decentralized creativity hits, the more you have people working, which is where TARTLE plays in all of this.

Alexander McCaig (10:56):

Do you know? You know what it boils down to, Jason?

Jason Rigby (10:58):

What?

Alexander McCaig (10:58):

It's a respect of people's idea. It's a respect of the provenance of thought, of creativity, where it comes from. You have to respect that.

Jason Rigby (11:09):

Right.

Alexander McCaig (11:10):

If you don't, we're not going to get anywhere. People will just continue to abuse one another. This is a natural occurrence in our economic system, in society because of how much abuse it's gone through. These systems were designed because people have been abused and used for so many years. And this aspect, this outlet of technology has afforded individuals, sovereignty over things that they truly should have been sovereign over in the first place.

Jason Rigby (11:37):

Well, you don't realize that people don't realize the abuse. Great word.

Alexander McCaig (11:41):

Thank you.

Jason Rigby (11:41):

You're being taken advantage of and you're being abused by this because when you add interest, when you look at the interest rate and you look at inflation, right now it's all a lie.

Alexander McCaig (11:56):

How stupid? Bro, listen, what if I wanted to give you a loan? If I don't have licensing from the state, and I don't have all these other things in place, I'll never be able to do it. So guess what? Only rich people can lend out money. Yes. Scam.

Jason Rigby (12:10):

Well also when you have, they said that they changed the formula for inflation. So actually if you went back to the 1980s formula, the real one? We're at 13, 14% right now.

Alexander McCaig (12:19):

That's awesome.

Jason Rigby (12:19):

So when you have high inflation, things are worth less. The money's worth less.

Alexander McCaig (12:24):

That means every hour you work...

Jason Rigby (12:26):

You're getting paid less.

Alexander McCaig (12:27):

You're getting paid less and everything you buy is more expensive.

Jason Rigby (12:31):

[crosstalk 00:12:31] They're scamming you. So that stock, so let's say you want to buy a stock, an asset, that Google stock that was $80 is now $340. There's a reason for that. Why is everything more expensive?

Alexander McCaig (12:43):

Socially and politically things are become a pressure cooker because the economic system, which we all wrap ourselves up in, which we need to function, frankly, because people don't farm. We're not all responsible for building our own homes anymore. We have to transmute energy into something else, which is that capital. But when that energy gets compressed, physics. What's going to happen? If I compress energy and compress, compress- gaboom. Bang. That's what's going to happen. It's natural occurrence.

Jason Rigby (13:12):

It's going to implode.

Alexander McCaig (13:13):

It may. The gravity may be so strong, it'll implode on itself. And do you know a sun when it dies, grows, shrinks, grows, shrinks, and totally collapses in. Maybe it's a neutron star. Maybe it just flips into a black hole. That's what'll happen. We'll crush ourselves because of these poor systems we have designed.

Jason Rigby (13:30):

So if we don't fuck ourselves over with the climate...

Alexander McCaig (13:33):

Yeah. Oh gosh.

Jason Rigby (13:34):

Yeah because we have what, 40 to 70 years on that. But I'm pretty hopeful in that. And I think with the work of TARTLE and what we'll be doing, that we can solve that problem.

Alexander McCaig (13:46):

Absolutely.

Jason Rigby (13:48):

But solving the economic problem with TARTLE- let's close on this, and we'll have a part two of this because I only got through a quarter of our notes. What I figured would happen. How does TARTLE's free marketplace solve this problem with these governments, these centralized banks taking from you?

Alexander McCaig (14:07):

Great. They have monopoly on arbitrage. Not only do they get to write the rules, they also get to create those disparities in pricing, disparity in value or displacement, whatever want to be from one thing to the other. Why? Because they have the information you don't. So with TARTLE, when people are incentivized to share information, we've already leveled a whole notch of that playing field.

Alexander McCaig (14:34):

Now people are sharing information back and forth. Things aren't hidden anymore. Someone can't have some sort of strategic advantage of information over the other. It's no longer that cheap crap monopoly game of economics that you've been playing. And then at the same time, when you increase economic opportunity for these individuals through sharing, now you're stimulating economies. Now people can open up their own micro economies, microbusinesses regardless of where the place may be, regardless of how impoverished they were before.

Alexander McCaig (15:04):

Now, there's real opportunity. Why? Because they're sharing. So not only are we increasing the amount of information that it's flowing, we're also increasing economic opportunity at the same time. And through that understanding, we can understand the other. You have a decrease in violence, violence through finance, violence through misunderstanding. You can understand how you affect the population, right? Understand how you affect the planet, understand how you affect the rising sea levels. You can see those things now because we are incentivized to share and bring that information together.

Jason Rigby (15:33):

I love that you said that because violence comes from, people don't realize that, it comes from economic policy.

Alexander McCaig (15:41):

Absolutely.

Jason Rigby (15:42):

Wars come from economic policy.

Alexander McCaig (15:43):

Why do you think the Rothchild's funded both sides of the Civil War.

Jason Rigby (15:46):

Yeah, exactly.

Alexander McCaig (15:47):

They don't care who wins or loses. They know they're getting paid. That policy hasn't changed. It never will change. The only way we can do that is by affording people, opportunity of finance and information for them to make their own choice.

Jason Rigby (16:03):

And it's all based off of this one purity, and I'm going to use that word, the purity of work.

Alexander McCaig (16:10):

It's just work and it's fair and appropriate compensation for work.

Jason Rigby (16:18):

So if they're willing to put some work in and they want to get paid, how would somebody do that?

Alexander McCaig (16:23):

Go to tartle.co, sign up, start working.

Woman Voice (16:34):

Thank you for listening to TARTLECAST with your hosts, Alexander McCaig and Jason Rigby, where humanity steps into the future and source data defines the path. What's your data worth?