GLENN: So I had been invited to go to Wardenclyffe this summer, which is on Long Island. And they're trying to raise money to rebuild Tesla's dream of Wardenclyffe. I'd like to -- I want you to listen to what happened at Wardenclyffe and tie it directly to bitcoin.
Tesla was trying to -- he -- he wrote -- he raised a bunch of money, mainly from J.P. Morgan. And he raised a buttload of money to develop radio, to develop some form of communication through the air. And J.P. Morgan was really interested in that. Well, Tesla, he goes to Denver because he believes there is more to the air than just communication. And so he's working on communication. But at the same time, he's working on his Tesla tower, which draws energy out of the sky. And so it pulls the energy from the atmosphere, and then -- and then broadcasts it through the earth.
So there's pictures of him putting lightbulbs in the dirt at night, and they're all lighting up. Okay?
It short-circuited -- freaked the people out in the Denver area. I think it was in Boulder. Freaked the people out because all kinds of things were blowing. He was -- he was causing some havoc.
STU: Maybe not quite ready yet.
GLENN: He wasn't quite ready yet. But it was truly remarkable. So he goes back and he says, "I'm really close," and get the money. And he says, "I want to build Wardenclyffe." So he starts to build Wardenclyffe, and as he gets it and he buys all this equipment from Westinghouse and everything else, he puts all the it in there, and as he's finishing up, Marconi says, "I have radio, and you can communicate." Boop, boop, boop. "Through the air."
Well, J.P. Morgan Chase said, "I'm pulling all my funding, as they just invented radio." And he's like, "No, no, no. There's more that you can do with radio than just boop, boop, boop. We can improve that. And the spectrum of using the wireless, as they called, radio, everything can be wireless. Electricity can be wireless." And J.P. Morgan says, "Wait a minute. What? Really? You can do this without wiring houses?"
"Well, wait a minute. How do I make money? How are you going to meter it?"
You don't meter it! It's free. It comes from the sky.
Oh. Oh, no, no, no. I think you misunderstand, I'm not investing in things that are free. How do I make my money back?
Pulled the investment. Warden -- Westinghouse recalled all of the equipment. And Tesla was done with that. He was just 100 years ahead of his time.
Bitcoin could be that with the central banks. We've got it, but we're cutting you out of power, and it falls apart.