Transcript

Kevin Freeman: Texas Governor Greg Abbott signs Pirate Money Radio bill

Kevin Freeman: Hey, we're celebrating here in the Pirate Money Radio studios after learning that Texas Governor Greg Abbott signed into law and HB 1056 on a Sunday night at the 11th hour, literally the very last hour of the very last day that he could either sign or veto our bill. We were sweating it out. Absolutely. There was a big push by bank lobbies to have, our bill vetoed. And we had a bill vetoed in Utah. So that was serious. We're going to explain today how this new law and similar ones in Arkansas, Florida, Missouri and Louisiana will make a huge difference in your life. I believe these laws will open a path for you to protect your family from inflation, federal government overreach, and even could reduce your taxes if enough of us catch on quickly. This could also help address the federal government debt and the overspending crisis on the horizon. This could secure your retirement and make a better future for your family. This is a major victory in my life's journey. This is something I've been thinking about for, for over 50 years. And we've been working with an incredible team, over the last decade. And joining us, one of the incredible team leaders that made this happen. it's a major milestone. The path that we must take to benefit from. It's coming up. But the co host of Pirate Money Radio can help you understand that path. Mike Carter, welcome.

Florida and Texas are moving forward with a fee-based debit card system

Mike Carter: Hey, great to be here this morning. I'm equally excited. I can't believe, this day has actually happened. It wasn't that long ago we thought if we could just get one state. And then we heard Governor DeSantis say, if you get Florida and Texas, nothing can stop it. And I thought, wow, that'd be a great day. We get both those states. If we get just one of them, that'd be big. But now we've got Florida and Texas moving forward as well as other states out there. So amazing, to see the doors that have opened and what God's doing here.

Kevin Freeman: Yeah, well, this was not an easy button experience. That was easy. Yeah, no, it's, you can go to, to learn more, go to Staples, get an easy button. But this wasn't an easy button experience. It was a lot of hard work, a great team, great execution, great coordination. And when I pulled up on the website, of the bills that had been filed and everything else, HB 1056, I saw the authors there, the sponsor, the last action, it says 6, 22, 20, 25, signed by the governor. And the caption relating to the recognition of gold and silver specie as legal tender and the establishment of a transactional currency based on gold and silver authorizing a fee. You know, some people have complained that it says fee in the bill. They say, oh, there's the government taking more fees. But actually, to get it passed legislatively, you, have to put that in there. If a fee is going to be charged at any point, you have to put it in there, or a point of order could, would be an excuse to kill it, even after it had passed a committee and things like that.

Mike Carter: Yeah. And it's not unreasonable to think there's going to be a fee to cover cost to implement a system like this. and some states are taking a different approach with this. Some say, hey, we could maybe have a fee because this is rolled into the banking system. Anyhow, it's already being paid for by retailers and normal debit cards. There might be ways we can take part of that fee for administering this and maybe reduce property taxes or get rid of those. So every state's going to have a little different way of doing it. We got that great experiment going now. So it's going to be fun to see, what each state does and where the money will flow. USA Covenant goes where it's treated best. So the free market, we'll see where it goes.

Kevin Freeman: That's right. Well, we had, in studio for economic war, representative, former representative Jason Isaac and his wife Carrie, and she is currently state representative, and she's thinking, you know, if there's a fee that can be earned here, maybe Texas should use it to reduce property taxes, because the customer doesn't actually pay the fee when a debit card is used. That's paid by the merchant, as they do now to MasterCard or Visa.

Mike Carter: So in a sense, it's kind of free. You know, when I was a little kid, I remember, I think I was five years old, so don't get too hard on me for ignorance. But I remember I was taking piano lessons. Mom forced me into it. And I got this, invoice. And I'm looking at it, I'm like, hey, you spelled free wrong. It says fee here. You missed the R. And she just, the piano teacher thought that was hilarious. And I'm still suffering from a little humility from that lesson, but, humiliation.

Kevin Freeman: Oh, yeah, you take the R out, it's a big deal. And, you know, I'm not trying to make a political statement here, but if you take the R out, free goes to fee, right?

Mike Carter: That's right. That's exactly right.

Kevin Freeman: If I were a Republican, legislator or something, I'd probably use that. That's a good campaign ad. Take the R out and free goes to fee. actually, the opposite is free is. There's nothing free. We end up paying for it one way or the other. Except the gospel. And salvation is a free gift, and it's a beautiful thing.

Texas Legislature Online looks at bill stages dating back to November 2024

All right, so we're looking at the bill stages here on Texas Legislature Online. You remember that, Schoolhouse Rock?

Mike Carter: I do, I do. I'm just a bill guy.

Kevin Freeman: Yeah. So I'm just a bill up on Capitol Hill. anyway, the stages, it was filed on November 12, 2024. It came out of committee on April 22. I remember that day. It was a big day to come out. It was voted on by, the House on May 2, out of Senate committee on May 25, voted on by the Senate on May 28. Which, by the way, that's my dad's birthday he's passed on, but his birthday was May 28, and the governor signed it into law. June 22 and it becomes law. That's a pretty exciting thing to see.

Mike Carter: It is exciting to see. And it looks so simple in those seven boxes up there. But if you think about the work that took place between each one of those steps and the follow up and the explanations and, the walking the Capitol and meeting with people on committees and the politics on our knees.

Kevin Freeman: Hands and knees. Yes.

Mike Carter: The misunderstandings, the people that were literally speaking out against this, saying that, well, they would go to jail if they did something like this.

Kevin Freeman: Oh, yeah, the lawyers, the comptroller, lobbyists. Lawyer, yes. And we had to fight back every one of those steps, answer every one of those questions. But we've done it now, practically.

Several states have passed legislation to make gold and silver legal tender

What does it mean? What does this mean for the average. They're listening and they say, okay, now gold and silver can be legal tender, and I can transact in the. What does that mean to real people?

Mike Carter: Well, I think, first of all, it means we actually have a solution to out of control debt and some of the irresponsibility we're seeing in the Federal Reserve. It means that we've got a real solution. You know, I can't tell you. We've been doing the radio show or the, economic war room show for a number of years now, and people call up almost panicked as they look at that debt clock and what's going on and seeing what's happening. With their money. And they're like, what do I do? And many of these folks don't have a lot of extra money. And so they're trying to say, well, do I put it all into gold? Well, gold is one part of things, but you always want to have a balanced portfolio. Now you have gold that you can own that's transactional, that's spendable if you need it, but that keeps up, with inflation. That's a steady store of value. It's a real solution to, I think, some potential reality, geopolitical, economic, problems, ahead. and it's just that hedge that makes me feel better to know I could have my own gold rainy day reserve fund just in case I need it.

Kevin Freeman: One day, not yet. The comptroller has to set this up in Texas and so forth. But one day you'll be able to go and you'll take gold and you'll spend it at a grocery store or a restaurant, or you'll pay your employees, or you'll get paid in gold or silver. I mean, this is a very powerful law. It hearkens back to the Constitution. It's what I believe, all this legislation, and I truly do. And I want to give the credit to God and to the team that pulled it together. But really it was the pirate money book being distributed across the country when Wriley Moore, the now congressman, but then, West Virginia treasurer, calls up and says, why do I have copies of your book on my desk? Or when Representative Mark Durazio, took to every legislator in Texas, I want you to have a book and handed them out. They got distributed in Florida, they got distributed in Arkansas. In fact. What states have passed this legislation?

Mike Carter: well, we've had, Texas, and Florida, Louisiana, Arkansas, Missouri. We're still waiting for a final signature there. But from what I hear, it's on a must sign bill. So I think Missouri's going to be next. those all big transactional gold bills, some are written a little bit different than others, but kind of going back to the book, Kevan, why that was such an important piece of this. Even as we saw the press and media pick up, oh, there's legislation for transactional gold and silver. People would laugh and say, how are you going to spend a gold coin at a retailer out there? That's a ridiculous idea. It took that simple way of laying this thing out that you've done marvelously, in this book, Pirate money said, ah, you can do it with a debit card. You can actually make gold and silver functional currency again. And that's the aha, ah moment that we saw happening across these capitals in the country.

Kevin Freeman: Yeah. And we actually made videos. Russell pulled together an incredible cartoon style video that showed how you could spend gold and silver as money, how it works, why it's necessary and so forth. we have really a movement that started and as Mike mentioned, Florida, Texas, Arkansas, Louisiana, Missouri, these are real places with real citizens. It's a huge impact on our economy. We're gonna have to take a break. When we come back, we'll talk about what this can mean for you personally.

Kevin Freeman: Several states have passed gold and silver legal tender legislation

Mike Carter: Welcome back to Pirate Money Radio with your host, Kevan Freeman.

Kevin Freeman: Yeah, we're talking with Mike Carter about the great victories that we've had in pirate Money legislation. first I think was Arkansas, then Florida signed into law and then Louisiana and now Texas just recently and Missouri soon to come, and maybe even a chance, redo over a mulligan in Utah because the governor vetoed it. But now he's shown interest in learning more and maybe adapting the legislation a little bit, which is not uncommon. Governors can do that.

Mike Carter: Yeah. And it's interesting to see even as these states are passing this, other states that are picking up, hey, this is going to be a key strategic priority for us next year. so the momentum is building now. We've gotten through all the, understanding how it works, what the objections are the constitutionality, and now it's how do we implement, how do we get this in our state?

Kevin Freeman: Yeah, let's be clear here. People who just heard of this gold and silver legal tender, they rushed to social media and they said, so what? I can't buy groceries with gold. This is stupid. And I got on there and started responding, to try and answer that. But this is a very different legislation from any gold and silver laws of the past. Of the past it would be, we'll remove sales tax from gold. And that happened in some of the states. Like in Florida, if you bought less than $500 worth of gold, you had to pay a sales tax. and we remove sales taxes because money should not have a sales tax on it. but it's very different in that this isn't designed for you to get gold coins and put them in a safe or have it in an ira. This is an opportunity for you to own real gold and actually be able to spend it. Can you explain how vaulted gold works? You've been to the gold vault, you.

Mike Carter: Know how we've been to the Texas Bullion Depository. And certainly There's Brinks and other vaults that are looking at, what's happening and saying, hey, we need to be able ride this wave. We need to make sure that maybe our vaults can be not just cash vaults, but gold vaults and so forth. Now. But imagine, you know what's beautiful about this is it democratizes gold. You don't no longer have to be rich to own gold anymore. I can buy as little 10 cents worth of gold or a dollar worth of gold or $10 worth of gold. Or if I'm working in one of my early career jobs and getting a minimum wage, I could start to save let's say $50 a month or $100 a month. And I got $1,200 in a year saved up and that keeps up with inflation and maybe that goes up to 14, 1500. Don't want to spend it, but if I need to, I can because my car breaks down, I got to get to work, I can spend it. And what I'm doing is I'm buying gold. It's pooled and held in a depository. so I held one of those bars that weighed 27 pounds, one of those James Baughan style gold bars. At the time it was worth 800,000. I think it's 1.2 million now in a year and a half. and you can have a part of that bar sitting in a vault there. So I couldn't afford to buy a $1.2 million bar of gold, but I could afford to buy 1,000 or a couple thousand dollars. And I have my pooled ownership in that bar. That bar of gold that I physically own is not fractionalized and loaned out. It's a shared resource bar. But I'm able to spend that at a retailer. and then that retailer will take it either in dollars or eventually probably gold will have the option to do that. And then they'll just take that piece of gold that I sold to them. but now it's transactional. So now I can buy that stick of gum at the grocery store with it. I can pay taxes with it. I can make a car payment. All the things that mean functional currency out there. I can spend gold and silver just like I spend any other currency. Right.

Kevin Freeman: That's what's so revolutionary. This is a article in the Wall Street Journal, April 25, 2023. How to buy gold hits a Google record as crypto investors chase the world's oldest asset. I'm going to read, read just a little bit of this because you see Gold was viewed as archaic, a barbaric relic and so forth because it wasn't functional. You have a piece of gold, so what? You make jewelry out of it and you can keep it as a collectible. But here it is, the old school. Precious metal is newer lure for a generation seeking a respite from the cryptocurrency roller coaster. Here's a quote. For a long time I kind of figured, oh, gold and silver, that's kind of an old guy thing, said Mr. Day, a 27 year old college student in Kelowna, British Columbia. Sure, I'm not necessarily going to get rich buying gold, but it will hold that money in uncertain times, better than a lot of other things. I'm going to scroll down and it says Google searches for the phrase how to buy gold have hit the highest level recorded this month, according to Google Trends data going back about two decades. Bitcoin, and I'll skip forward, says Bitcoin shares common qualities with gold. Both are mined, neither is wallet friendly, and they're virtually useless for buying gas, groceries or a movie ticket. But gold has a distinct advantage compared with digital currency. It looks beautiful in and of itself and you can densely hold wealth in your hands. All right, so let's, let's back that up a little bit. We're making gold and silver money again. That's what this law does. So it's important that we all understand what money is. Money is, is three things, according to the Federal Reserve. And I'm going to add a fourth thing that really makes it money. Money is a unit of account. Can I measure things and price them in terms of dollars? Easily. That's worth $50. Can I measure it in terms of, gold? How do I do that?

Mike Carter: Measure it in terms of gold? Yeah, well, I'm still going to use the dollars, kind of what the world uses to measure what something might cost out there. But in this case, I'm going to have an app, where I'm going to be able to take my debit card and app. I'm going to be able to purchase something, look at the spot price of that gold at the time. say, do I have enough money to buy that $50 worth of gold? What's the current spot price? It'll sell my gold and either convert that gold to that retailer or convert it to dollars and pay that retailer in less than 200 milliseconds. Seamless.

Kevin Freeman: But isn't it true that we could also price things in ounces and fractions of ounces?

Mike Carter: Yes.

Kevin Freeman: So I Can.

Mike Carter: Absolutely. That's what we're doing.

Kevin Freeman: Yeah. I went and used my gold, debit card, which we'll talk about in a little bit.

Gold is a means of exchange and a store of value

When we celebrated in Florida, we went out to dinner and actually, here it is. We went. Oh, the other day I took out a friend to celebrate Texas passing it. So I went to a, Mediterranean restaurant in South Lake and I spent 7,196 grams of gold. That's how much the dinner was. $109.19.

Mike Carter: And what do you think that look like if it was in a form of, physical, gold in your hand? Any idea? A little dust?

Kevin Freeman: yeah, a little dust. It actually, it was $77.86, and I paid for it with 0.7196 grams of gold. It was calculated for me seamlessly. I didn't have to do it. But what is money number one? It's a unit of account, and you can measure items in terms of gold or silver weighted by ounces. Second thing, it's a means of exchange. Historically, you just hit on it and the Wall Street Journal article said it, ah, it's virtually useless to buy a movie ticket. Well, that was true. It's no longer true. I mean, how could you cut off a little bit of flecks of gold and buy a movie ticket?

Mike Carter: Yeah. And hope I don't have hay fever that day and sneeze it off my hand? Yeah.

Kevin Freeman: Who would take it? It's like, is that real? How do I know it's real? You're going to run assay tests on it? No. So it was a terrible means of exchange. Third thing. But it is a good means of exchange now, which we'll get to. Third thing is a store of value. Does gold and silver hold its value over time?

Mike Carter: Absolutely. And we've seen that since biblical times. It's been a steady store of value.

Kevin Freeman: But the US Dollar, which is excellent as a unit of account, tremendous. I can measure everything in dollars and cents. it's a tremendous means of exchange. I can pay my debts and I can write checks and I can use debit card and I can electronically transfer. It's a marvelous means of exchange. Store of value. gosh, when we left the gold standard in 1971, a Hershey bar cost a dime. A Campbell soup, tomato soup and Campbell's Soup, 10 cents. What does that cost today? Hershey Bar could be $253. How much is $2? $3 for a can of soup. So it has not been a good store of value. It's lost 90% of its purchasing power over the last 50 years.

Mike Carter: I'm looking at a Bloomberg, chart here right now and I've not vetted this out but this is through June of 2025. Bloomberg US global investors from advisor perspective. But it says that the US dollar's value has sunk approximately 10% so far this year. 10% drop. I mean, if the dollar has lost 10%, I mean, I think you start to look at gold and say, hey, how do I offset that?

Kevin Freeman: Interestingly, gold's gone up about that, right?

Mike Carter: Yes, exactly.

Kevin Freeman: Gold has been recently at all time highs. So gold, good unit of account, good means, lousy means of exchange until now, but good store of value. US Dollar, good unit of account, good means of exchange, lousy store of value. Here's the fourth point. Legal tender. Prior to this legislation in Texas, was it legal tender or is that what this legislation did?

Mike Carter: Legislation made it that. And many states had gold and silver's legal tender, but it was not useful. Nobody could use it. We saw that in Louisian, and in Arkansas, like, well, what good does this do us? And so they added a little bit of new legislation in that says, let's recognize the electronic transfer of gold and silver as legal tender. And now you've got something people can use.

Kevin Freeman: So legal tender is important because the government says this is real and you can pay for stuff with this. And that will win in the courts as it has in the past, but it makes it money. So with these laws, gold is a good unit of account, good means of exchange, good store value, and now legal tender. And money is important. There are only three things you can do with your money. You can give it, you can spend it, you can invest it. Here at Pirate Money Radio, we work to explain solutions that support all three areas in a way that promotes liberty, security and values. Patriot Mobile, it's a mobile phone company. They support the Pirate Money radio program. Patriot Mobile uses US carriers including AT&T Verizon, T Mobile, and operates on both Apple and Android phones. More information about the Economic War Room, which is our sister show on Blaze Television. And Patriot Mobile is [email protected] AFR that's PirateMoneyRadio.com AFR and why do we call it Pirate Money? We call it Pirate Money because originally the founders intended for us to use gold and silver coins. It's written in the Constitution. And the gold and silver coins of the realm at that time were known as Spanish mill dollars, AKA pieces of eight and the double escudo, which was the gold coin from Spain, was also, known as gold, doubloon. And when you hear the term gold doubloon in pieces of eight, people think pirate money. And by the way, it was pirate money because much of the money that circulated had been captured by pirates from Spanish galleons and then spent in the American colonies, soon to be American states. So pirate money really is the foundational monetary system. We just want to return to what we used to have and make it.

Mike Carter: M modern and convenient and exciting time that we're at a time where we can actually do that. And we're not only in the states that have passed it now, but I think more states moving as we go into this thing next, legislative session. So this is a reality, folks. And, it's happening faster than I imagined, and I'm thankful for that.

Kevin Freeman: Oh, no, I remember, Mike. We talked to some, lobbyists who said, well, if you give us $100,000 a year for a Democrat and $100,000 a year for A Republican in four or five sessions, you might get something passed in two years since this book was written, I think that is kind of a record. Two years a book was written and states are adopting.

Pirate Money Radio helps you give, spend and invest in ways that align

And I don't take credit for writing the book. I take credit, what I do give is credit to God because it's his idea. It's written in his word that gold and silver are real money. And the Constitution, our founders who said gold and silver is real money, and.

Mike Carter: I've not passed legislation before. Our team, we've all been, well, let's figure out how this thing works. And it's been an eye opener to see how it works. But to get that kind of success with, the small team we had, there's bigger forces that have made this happen, and that's what's so exciting about it.

Kevin Freeman: Yep, we're going to talk more about pirate money. We're going to take the break, but when we come back, we'll talk about how the dollar has lost its purchasing power since 1971 and how pirate money can solve that. This is an important opportunity for us right now.

Mike Carter: Pirate Money Radio, helping you give, spend and invest in ways that align with liberty, security and values.

Kevin Freeman: Federal Reserve went off the gold standard in 1971

Welcome back with your host, Kevan Freeman.

Kevin Freeman: I'm just a bill up on Capitol Hill. You're talking about HB 1056 just passed in Texas, signed into law by the governor along, with tremendous legislation signed by Governor Ron DeSantis in Florida. Governor Sarah Sanders in Arkansas, Governor Jeff Landry in Louisiana, and soon to be signed in, I think, Governor Kehoe in Missouri. This is changing the world based on biblical principles. And why is it changing the world? You know, we used to be on a gold standard. We were on a gold standard. That was the implication, the intention of the founders at 1787 when the Constitution was written. It was the intention after the Civil War era to get back to a gold standard and then later add silver standard. Federal Reserve was created, and they had to back every dollar they produced by 40% gold or silver. And it used to be you could walk in with your silver certificate or gold certificate, and they would hand you gold, whenever you turned in your gold certificate. And in 1933, President FDR, Franklin Delano Roosevelt, confiscated every American's gold. They took it away, unless it was jewelry, or maybe a rare coin or something, a collectible, and they took it away from you. And then, but the dollar was still backed. They still kept enough gold. So if a foreign country came and said, hey, we've got a million dollars, we want a million dollars worth of gold. Up until 1971, they could exchange it. And in 1971, in August, President Nixon took us off the last connection to the gold Standard. And since 1971 to the present, we've seen the decline in the value of the purchasing power of the dollar. And Dr. David Bratt. In episode 64 that we had on this radio program, we featured Dr. Brat, former congressman, former dean of business at Liberty University, now a senior vice president, Liberty University. He walked through a series of facts. The wealth gap has increased since 1971 tremendously. The rich get richer, the poor get poorer. inflation has dramatically increased. Racial financial inequality has expanded. Up until 1971, you saw, the, minority populations catching up to the white population. But boom, that flipped in 1971. Household formation, women having babies. All of these statistics socially and economically changed in 1971. Why? I believe it's because we're violating God's principles of honest weights and measures. Once they unhinged the Federal Reserve from, the, gold standard, something that's real, the government said, well, we can print as much money as we want. And they've done that. We went from virtually no debt to $37 trillion. In fact, when I wrote the book two years ago, Pirate Money, it was 32 trillion. Now it's $37 trillion in debt. This is hurting the poor, and people are profiting from it. You think God's Happy with that?

Mike Carter: Definitely not. Definitely not. And those charts that Dave had that we had in the Economic Forum show dramatic. When you look at what happened from the time we went off the gold standard in 1971 to what happened with inflation, it was just, like, flat for what, 50, 60 years before that, and then skyrockets up. I was with, Ben Paris on our team the other day Talking about the 70s and my first car. And I told him what I bought my first car for, and he's like, that was in, like, the mid-70s, before inflation. I can't believe you could buy a car like that for that price. I bought my red 240Z sports car for. It was used, but $3,300, but, it was the car of cars. You're gonna have a hard time getting that today for $3,300.

Kevin Freeman: You know, my parents bought their dream home, built their dream home for a little over $50,000 in 1971. And, you know, their dream home, it was still reasonably modest, but it held our family beautifully. And we just couldn't believe we had this much space. We had two living, a recreation room and a living room. And everybody had their own bathroom and bedroom. It was an amazing thing. You can't do that now. And why is we're violating God's principles. I looked at 1 Corinthians 3, 12, 13, new King James. It says, now, if anyone builds this foundation with gold, silver, precious stones, wood, hay, straw, each one's work will become clear for the day, will declare it because it will be revealed by fire. And the fire will test each one's work of what sort it is. If it's gold and silver, it gets purified by fire, wood, Hayden, stubble gets burnt up. Now, let me think. Let me just rephrase slightly. Now, if anyone builds their economy on the foundation of gold, silver, precious stones, or wood, hay, and straw, each one's economy will become clear for the day, will declare it because it will be revealed by fire. Our economy has been built on wood, hay, and stubble. That's what paper is made of. Paper money is wood, hay, and stubble. God's word talks about money. Always gold, silver, and sometimes copper. And you don't think that's ingrained in humanity? It's every nation of the world, every continent on Earth, recognizes gold and silver and copper as money. It's so ingrained in that it's even in our Olympics. When you win, win an Olympic medal, you're getting gold, silver, or bronze, which is copper. So this is a Big deal. It's a big deal to God. He created gold and silver. It's also a constitutional big deal. Article one, section 10 says a state can make nothing other than gold and silver tender. That's the power of this. It's the constitutionality and the biblical nature of it. And by getting back to this on an optional. You know, nobody's forcing anybody to accept the gospel here in America. And under these laws, you're not forced to go on your own personal gold standard. It's an option, but it's a wise option. It's a choice for people, and it's a true revolution sweeping across the nation. Mike.

Gold surpasses euro as the second largest reserve currency in the world

Mike Carter: How? can I say sweeping around the world? I'm looking at another article here. Gold surpasses euro as the second largest reserve currency in the world. So as people are getting concerned, we're seeing the dollar drop and so forth. Other countries out there, more and more people rushing to gold. And again, we're not here to sell gold.

Kevin Freeman: No, we're not a gold dealer.

Mike Carter: Yeah, we're not the ones that are. Every ad, we're hawking gold and so forth. No, we care about economic liberty, economic freedom, about fair weights and measures. but you can see financial sovereignty.

Kevin Freeman: Is what Governor Desantis talked about.

Mike Carter: Yeah, he led with that. That was amazing to see how he literally stepped into that and said, this is about financial sovereignty. and so you're seeing all the central banks buying gold. Why not Each of us have a chance to do the same thing and do it easily.

Kevin Freeman: That's what's so offensive about some of the banking lobbies that stood against this. They don't want real people to have gold. While we know that the big banks and the central banks have been buying and storing gold, and I got to tell you, I have friends in the intelligence community. I've worked economic warfare for quite a while in the Pentagon with. With the, DIA and the CIA and the FBI. I, briefed all of them, interacted with all of them. And I will tell you, some of my friends that worked in there have alerted me that central bank digital currency, which is where the government. We've done a whole show on this.

Mike Carter: Cbdc.

Kevin Freeman: Yes, the government controls the money supply, controls what you can eat, drink, what you can spend money on. Complete control mechanism. They view gold as currency, as the number one threat to their plans to do this massive takeover of the world. And this legislation. That's why they opposed it so severely. The bankers lobbies. And in fact, bankers lobbies dishonorably in My, I'll call them out dishonorably. Were telling legislators to pretend to be for this and then actually vote against it.

Mike Carter: yeah, and every banking lobby group is a little bit different, but some of those same bank lobbying groups will say they're scared to death of CBDC because they recognize that's going to put the local community banks out of business. We come with an idea to help move that forward, to help save those banks, and they bite our hands like, oh, no, we're here to help. but they've not seen that opportunity. And I think as more and more states are doing it, though, just like we're seeing, some on the, I won't name any people, but we're seeing governors and so forth out there saying, oh, maybe we need to revisit this again.

Kevin Freeman: Yeah, no, we do need to see this. It doesn't have to happen in every state, but as many states as we possibly can. Because that will go to the tax issue. When you use gold and silver today, if you buy a coin, the IRS will look at it and say, this is a collectible. And if you sell that coin for a profit, which you don't really have a profit if you're beating inflation, you're not making a profit, you're just keeping up with inflation. But if you sell it for a profit, we want our fair share. And so if you use one of the commercial apps, which I use, like GlintPay, at the end of every year, I have to download a report I pay $35, for to one of the big accounting firms, download a report, and then I have to file that with my taxes. And I owe tax because I bought gold at $2,000 an ounce and I spend it at 3,200 or $3,300 an ounce. And so I'll have to pay tax on that. By having one or more states declare it legal tender, which has already happened, and making it transactional. We believe we can win this tax battle and that the more states the better because it will make a strong point and we'll be talking about what winning the tax battle looks like and, and so forth. but I want to go back to this. How can people stay in the know on what's going on, whether or not this is in their state and what that means for them.

Mike Carter: the best place is to. @transactionalgold.com and we literally have a stay in the know, tab there that they can click on, share, some information. we don't spam you lots of stuff. But we will keep you up to date on what's happening across the country and by state. States, let's face it, there's some states out there where this is going to take us a lot longer to get this across the finish line. and people in some of those states are like, can I get the Texas transactional gold or can I get the Florida transactional gold? There will be opportunities, I think, for those in other states. I don't know what the IRS rules are going to be as it relates to taxation, but this is a step that says, hey, no matter where you live, you can have your own rainy day gold fund and have some of the stuff set aside, for whatever might happen in the future by, using one of the other states out there. And you're going to see, like I said, different states, doing it different ways. and so you'll be able to pick, you know, where do I want to own some gold? Do I feel better about having it in Texas or Florida or Arkansas or somewhere a little bit closer to me? We'll see where it all goes.

Kevin Freeman: Okay. Governor Newsom, if you happen to, by some miracle of God, be tuning on your dial and you run across, a, station playing this on a Saturday morning and you click in, you can call us. We will help you catch up with Governor Ron DeSantis. I know you have a feud going on with him and a feud going on with Governor Abbott. We'll help you catch up. We'll show you how California, the Golden State, can help make gold and silver money again in California. I think it's a tremendous opportunity.

Other states are showing interest in the Pirate Money movement

All right, so, other states that are showing interest, we know where it's been. What other states are showing interest?

Mike Carter: well, we continue to work throughout the Midwest, and I think more of those will roll as we go into the next legislative session. We have Ohio coming up, probably this fall. Pennsylvania, we've got Georgia. I got a call this morning from Georgia wanting to make this one of the top strategic priorities there in the Senate. All good signs as they're seeing other states move forward.

Kevin Freeman: Oklahoma, it came very close. Kansas came very close. You're going to look at a map, maybe within a year, and you're going to see our map covered in gold. And you want to learn more. You go to transactionalgold.com and click on and see the states where we're active in a map. I predict, I mean, we were one state entered Texas, last session, and then 20 some 18 states, I think it was, and now 25 states. But it's passed now in six states, signed into law in four, one will soon be signed into law and the one that vetoed it may go back and look again in a special session. This is the Pirate Money movement. It's going to make a huge difference in your life. Learn [email protected] we'll be right back.

Mike Carter: Pirate Money Radio, helping you give, spend and invest in ways that align with liberty, security and values.

Kevin Freeman: Legislation now passed in six states allowing use of gold as money

Welcome back with your host, Kevan Freeman.

Kevin Freeman: And if you've been watching any media over the past decade, any media, you've seen the advertisements for gold, put it in your ira, buy gold, gold is going up and all those things, ah, have validity. But what do you do with it when you get it? And that's the number one objection. What do I do with gold once I have it? It just sits there and you have to pay a fee to have it stored and so forth. But I can't spend it. That's changed. Legislation now passed in six states, signed into law in four states and soon to be signed into law, maybe in both the other two, is the opportunity for you to use gold as money. And that's become a movement and we're going to take, you know, if you want to learn more, you can go to transactionalgold.com click in the stay in the know.

More and more states are considering recognizing gold and silver as legal tender

Mike, we've been working on this now for a couple of years. We've had some challenges. What have they been?

Mike Carter: Well, the challenges have obviously been just, education and what we're actually talking about here. and, you know, can you actually make gold functional currency? we've answered those and you've answered the book, all the Supreme Court precedents, the historical pieces and so forth. we've had people come against this that don't necessarily understand the opportunity that exists there. But I think now that we've got the success that we've had, we're seeing many of those, what were anticipated objections start to just melt away. And now we're seeing more and more states come on board. people though, that have been in the traditional gold and silver, segment, they may have gold or silver at home. They might say, well, I don't want my gold somewhere else. I'm going to hold on to my gold. And we say, that's absolutely fine. We think everybody should do that. I think that's a great opportunity to have some gold or silver at home as well. And again, we don't sell gold. we're not a gold and silver deal or anything like that. But having something that you can spend that's transactional is a big idea that's going to expand this category and give people an option that exists out there. I think the other part that's important for people to understand, we're super excited about the legislation that's passed. It doesn't mean you can get, a state card yet. You know, Texas is going to take a little while to implement.

Kevin Freeman: How do I, the people that were the biggest skeptics are now contacting me and, and, and saying, okay, how do I get started? This looks good. I, I didn't, I had no idea you could ever get this passed. I thought it was impossible. The technology didn't exist and everything you've done proven it. Now I want it. What do they do?

Mike Carter: Yeah, yeah. Well, I think, you know, if we start to look at, you know, just the states that have passed it so far, Louisiana, Missouri and even Arkansas have built a more, efficient piece of legislation that says, hey, we want to recognize gold and silver electronically as legal tender, and have ways to maybe move a little bit quicker than maybe a Texas or a Florida. Florida's looking at 2026 before it actually implements there. but they're making sure they're checking all the boxes and how to set that up. Texas, 2026, probably up to 2027 before they, can actually execute part of those challenges where we had people that said, wait a second, this is such a huge idea. How can you possibly do this? This is going to take a lot of time to figure out. And as much as we try to say no, no, there's an app, there's a card, there's ways the technology is working today. some politicians aren't necessarily business people or entrepreneurs. Like, well, this is gonna take some time. We've gotta take a lot of time to figure this thing out. Again. This is the beautiful part of the free markets. Some states are gonna say, hey, we can move on this thing pretty quick. Let's get this started. Others are gonna take a little bit longer.

Kevin Freeman: Well, when we educate them. I remember when you took, the deputy treasurer of Utah, to lunch and you just pulled out your Glint card and you bought lunch. Wait, how did that happen? How did that work? When we educate people and show. And by the way, if you're interested in this, now and people keep asking, learn more about Glintpay, or alternatives. We're not pushing just one, but the one that I Use Glintpay, is available in the Apple or the Android, store. And you can on their ad glintpay.com to learn more. It says buy, save and spend real gold instantly with Glint. Of course, when you do that, just be forewarned that it's not money yet. Even in the states that have passed these laws, it's not connected to the system yet, whether it's Glanter or anyone else. and so you will still have to be prepared, to pay capital gains tax. The tax issue I want to just dive into that just for a second is historically, if it transacts like money, like a Bitcoin, but is not legal tender, the IRS says it's taxable. You have to pay capital gain if it appreciates in value, if it's legal tender. Even in, like, Utah, where it was legal tender 10 years ago, 11 years ago, even then, it wasn't functional as currency, so it wasn't really functioning like money where you could spend it, buy a stick of gum or pay your babysitter with it or whatever. It's not functioning like currency. So they said it's a collectible and you have to pay tax on it. But the IRIS code, and I'm reading from the Utah study, this is a big study group where it was filled with brilliant people like the vice chairman, Randy Quarles, former vice chairman of the Fed and others.

Mike Carter: Kevan Freeman.

Kevin Freeman: Yeah, I was honored to be part of that. It basically said the IRS code set that gold is taxable this way. It's not a congressional law. so it's not set in stone. but if you read it correctly, I believe you'll find that once it's functional currency, under state authority as legal tender, that it would not be taxable. We'll have to make that case, and we're going to begin to address that head on. Right now. I'm beginning to make the case to officials in the Trump administration and others places saying, hey, look, it's passed in these states. Do you like Governor DeSantis? Do you like Governor Sanders? Do you like Governor Abbott? And of course, the Trump team. They're on his team. They've got an R behind their name. They wear red ties, too. so I think we've got a really good case, but the courts are with us as well. As I explained in the book, Pirate Money, that's what we need to do, is we need to win that.

Glint is a card that lets you spend gold and silver anywhere

Okay, so now what? What can people do? How can they get started if they don't want to wait any longer. they can number one look at Glint or alternatives. the one that I use, have used is Glint, can be [email protected] to learn more.

Mike Carter: Let me just jump a little bit what to expect on something like that because, Glint right now is based in the uk. your gold is going to be in Switzerland, in that case. So it's not in the US but it's connected to a card and a.

Kevin Freeman: Bank in the United States and a.

Mike Carter: Bank it's out of Sutton bank in Ohio. And that card you're able to spend anywhere in the US and probably I've been out of the states deal with it. But other, other parts of the world, you can spend gold and silver with that mastercard. it's going to ask though it follows all the rules and regulations out there within the financial system. The money transmitter laws, the know your customer, the anti money laundering. it takes the any, any bad actors out of this thing. So they're going to ask for some personal information, including your Social Security and so forth on this because we don't.

Kevin Freeman: Want terrorists, we don't want drug dealers using this.

Mike Carter: And rightly that's, that's what the states of Florida and Texas and Arkansas, they started looking, they said, well, we want to make sure this is following all the rules and regulations, that it's completely legit and the right things are happening there. So everything that's happening and in place and been working, in Glint's case, I think they've been around since 2018. we expect to see that same technology coming here in the states as states start to implement it might be Glint, might be somebody else. but if you want to get that card now, you can do it, and just know that that's kind of the process. Now. When I first started, I did a little bit from my credit card onto Glint. I didn't give him any of my bank account numbers or anything like that. And then once I saw I can trust in this, then you can do a regular withdrawal from your bank into that account, depending on what you want to purchase. But it purchases at the spot price plus a small, I think it's a 0.9%, upcharge, when you purchase gold right now, today, there. And then if you're spending your gold, it doesn't cost you anything. It's built into the card fee.

Kevin Freeman: Yeah, no, it's very seamless. And it'll calculate your capital gains and losses tax for a small Fee. and Jason Cousins, who was the founder of this, has become a dear friend. He traveled with us to state legislature just to prove that it could be done. And then they started holding up their Glint card, like Senator Murphy. We had a Facebook post on that hit. Over a million views. He holds up, this is my Glint card. Senator. Representative Durazio did the same thing. Everybody in Florida, you walk in, oh, you're the Glint guy, or you're the pirate money guy. So he really was helpful. So a huge shout out to him.

Mike Carter: For helping us to have a proven technology. Because when we started working this, we didn't know of any technology providers out there doing it. And you were writing the book, and then Jason reached out and said, hey, I see you guys are doing legislation. Can we talk? We did that. and to have a proven model like that certainly helped get the legislation passed.

Kevin Freeman: Yep. And it's passed now.

Six states have passed legislation foresigned into law to legalize transactional gold

All right, so the baby is birthed. And it felt like birthing a baby, didn't it? The baby is birthed. And so I was praying over this, and I thought, what do we do next, Lord? And he took me to Matthew 2:13. It's now. When they had departed, behold, an angel of the Lord appeared to Joseph in a dream. Okay, who had departed? The Magi. The wise men had departed. And then an angel appeared to Joseph in a dream, saying, arise, take the young child and his mother, flee to Egypt and. And stay there until I bring you word. For Herod will seek the young child to destroy him. And I realized all the opponents we've had to transactional gold and silver the baby's birth. But now we cannot let the baby be strangled in the crib. So what are we doing? We're educating. We're making as many people aware of what this means and what you can do to help. You can learn more and get informed and spread the word. And here's what we're going to be doing next. We're going to be doing a lot of media. We're going to be hopefully adding additional states. Maybe Utah rethinks the veto, that Governor Spencer Cox did and calls a special session. We're going to be spreading the word with a pirate money book. This sparked a revolution. Look, Thomas Paine's Common Sense sparked the American revolution. Upton Sinclair's the Jungle sparked a, clean up the food industry revolution. Not many books have sparked a revolution like this, but in two years, six states have passed legislation foresigned into law, including two of the three largest states in the United States of America, Arkansas and Louisiana may move first. But if you add those five states together that have passed it and have it signed into law, you have the third largest economy on planet Earth. It is bigger than Germany and the UK and, and, Singapore and Japan, and third only to the United States as a whole and China. Now, we need good people to help us with this. We need people to learn more. If you have questions, ah, email [email protected] if you want to stay connected, go to transactionalgold.com or piratemoneyradio.com and sign up to receive our regular updates. But this is a matter for prayer. We cannot let this baby be strangled in the crib. Pray for America to return to God's principles. Yes, let's get back to business, but let's do it God's way with real money.

Kevin Freeman joined by Mike Carter for Pirate Money radio argument

This is the role of Pirate Money. Ella, listen, wherever you get your podcasts, whether it's Apple or Spotify, wherever you get them, but Mike and I, we're committed, right?

Mike Carter: Absolutely.

Kevin Freeman: Mike Carter and I are committed to seeing this thing through. This is Kevan Freeman, joined by Mike Carter for Pirate Money radio argument.