04:16 Well, you know the thing is there I've noticed this effect. I blogged it if you go on the blog you'll find that work org slash blog You'll find a mention about how they wrote that this the Liberty Dollar guys were raised by I've gotten a lot of emails from people I think you were the first one that you actually sent me a link to your blog post and it's interesting because I'm seeing two stories one is you know the guys who created and run the Liberty Dollar let's just call operation for a second and They got rated and you know there's this other side that's talking about the Ron Paul dollars And now I'm seeing you know that's kind of becoming the meme is now that Ron Paul is being associated with it honestly I think I understand what the Liberty dollar is about, but I clearly have no idea how successful it is or Or you know it must be successful otherwise it wouldn't been rated. Do you have background on this John do you know
05:08 Well, I don't know as much about it as you, I mean the website, the Liberty Dollars website, which is easy enough to find, has most of the details, but you know, they're trying to do private coinage. I mean, generally speaking, you can do this legally, but you can't do it... Like Disney dollars, or like Scores, strippers, in strip bars you can get dollars, right? Don't know what yeah, you don't know oh Shit, I blew my cover. No. It's like in Disneyland you get Disney dollars is that the same thing or is this different? Well, they're trying to put this into general circulation, so I think it's different some years ago There was some law there was a problem in the United States
05:48 uh... specially from about uh... eighteen sixty two i think around user and i went into but i do i have collected a lot of these bills but in the eighteen hundreds you know every bank had their own currency in every state had its own currency is currency all over the place and i wasn't worth anything is actually the sun is such gorgeous by the way anyway as so they decided to uh... you know make everything for either u.s. no federal reserve note or a there is says so versatile tickets gold certificates which are backed by gold and silver when the gold standard was uh... introduced right uh... and it would it will it go there was always a kind of a quite there was a i guess a uh... de facto gold standard always just the base of the price of gold so these guys wanna make the uh... these coins worth the amount of silver that's in them
06:36 And then they want to try to get them into general circulation. I think there's something about the general circulation that's the issue. Is that illegal though? Is it just illegal to have your own money and trade on it? Is there something? Yes, that's apparently true. You can't start minting your own money. So that's what they were doing. Which is kind of silly because when I issue you a check from my bank, you know, the bank made up this piece of paper, they printed it, you know, I just filled in the value, you know, if they certify it then isn't it the same thing as a pretty picture?
07:14 You know, you're going to have to talk to a lawyer. Oh, I'm sorry. I had you confused for one. I'm not absolutely sure. I mean, I know the logic that you're expressing. I know there's a logic there. And it seems to me, yeah, it seems to me that a check uh... is a bank note in some funny way cuz it's worth whatever you write on it right uh... but there's something there's something else about what these guys are doing that seem to and i have to do i guess look at the fbi's uh... documents to figure out why they busted his but he also took a all the ron paul money Right, which I guess was another version of the Liberty Dollar, just another currency which these guys were running through their existing infrastructure. Right. But see, I think the Ron Paul thing had something to do with the bus, because there seems to be an overt mechanism out there to get this guy to shut up. Right. That's where I wanted to get us.
08:11 You immediately will be branded as conspiracy theorist, but I gotta think that, you know, perfect. Perfect thing, you know, it's moving towards the whole story is more... You watch, because I haven't seen it in mainstream yet, but it's gonna show up and it's gonna be totally associated with Ron Paul and they're gonna try and scandalize it. I'm almost positive that's what we're gonna see happen. Yeah, and it's gonna be fun to watch now. I've already noticed that I'm a big fan and I think you are too But there's a lot of us out here who who actually enjoy listening to right-wing talk shows sure. Oh, yeah Right-wing talk radio in particular is very entertaining in a lot of different ways I mean it's either that I'm always like torn between right-wing talkers and and Jim Rome the sports guy that sports guy but and the sports talk is he come the competitor with right-wing talk and