Are we seeing the revitalization of conservative civilization, all over the world has been a massive backlash against globalization, its leftist leadership, and its anti-cultural liberal values, and it's just the beginning.

I'm Dr. Steve Turley. I believe the liberal globalist world is at its brink and a new conservative age is rising.

During the every day as we examine these worldwide trends, discover answers to today's toughest challenges, and together learn to live in the present in light of even better things to come.

This is Turley Talks.

Dr. Steve, regarding the parallel economy, do you think that local currencies will also play a role, a side alongside cryptocurrencies, like the gold back that's being used in Utah, Nevada, New Hampshire, and Wyoming?

That's a great question I do. I think it will. Because again, currencies, its value is technically performative. I would push this even with gold or water or oil, you name it, meaning that we ascribe value to it.

So you're $20 bill, you guys all know this, I know, but you're $20 bill and you're $1 bill. If you look at under a microscope, there is no discernible difference between the two bills. They're both the same pieces of paper.

The reason why we ascribe more worth to one over the other is because of the formal properties it's granted by a legitimate authority in this case, the United States government.

So the United States government honors the one with the two in the zero is a $20 value, and it honors the one with the one as a $1 value.

We accept that as what's called deontic. It has an ethical value above our own personal private sentiments. And so that's one of the ways you keep social order together.

I'm doing a series just for you guys in the behind the scenes on the ritual religious underpinnings, the foundations of civilization, and all of this actually comes from that. And that's why gold and silver and platinum and so forth.

And diamonds and jewels tend to be so valuable because ultimately they were used in the earliest in the earliest rituals and they were seen as the stones of the gods in effect.

But again, you have to recognize that and you have to impute value to that. And so yes, I think so crypto redefine money for us crypto redefine money in ways that people like I don't know Warren Buffett and so far are still trying to catch up with those.

They never will. I don't think Warren Buffett Warren Buffett played by the old rules and he played better than anybody else, right. He was the magic Johnson. He was the Roger Federer of the old economic rules. He knew how to plan.

But a new game is is emerging new again using literally game theory, a new economic world is rising. And it's becoming radically decentralized, radically decentralized. I mean, that's what that's what the the on chain technologies is all about.

It's all about pure ownership, right. Right now we don't own the internet. Right now we rent the internet, right. So I don't own my YouTube channel.

So right now I'm I'm basically in China's I mean, I'm in a in a Chinese sphere, right. So if we're all living in China, we'd be making tons of money together with businesses and living in homes that we don't actually own the CCP owns it all.

And they basically ran it out to us. They don't charge us anything. They let us use it. But they can always take it any time they want, right. That's that's Facebook. That's Twitter. That's YouTube. We don't own it.

We could do all kinds of things there, but if they want to, right, they can they could clamp down. That's the fear.

Internet 3, Internet 3.0, right. V3 is going to be a blockchain technology where we own our own little section of the internet. We actually own it. That's how it operates by those rules. So it gets radically decentralized from any kind of corporate center.

So absolutely local currencies. I think play into that logic in an economy that's becoming radically decentralized. Now of course it's happening at the same time.

The powers that be you're doing everything they can to centralize it, right. Now we're even seeing it with the banks.

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