E68: Trudeau invokes emergency powers, Bitcoin vs. government, Tiger Global's new strategy & more

**David Friedberg** (0:00)
So, Sacks, are we going to talk with each other today or, you know?

**Jason Calacanis** (0:02)
He's an ISO player. He turned into an ISO player. He's like the Carmelo Anthony of this squad.

**Chamath Palihapitiya** (0:06)
He's the Carmelo Anthony of the All-In pod. Sacks, you want to pass the ball?
Or you just want to clank it off the rim?

**Jason Calacanis** (0:13)
Raymond, clank!

**David Friedberg** (0:14)
I think we should have a focus on having a dialogue with each other today, several points in the thing, as opposed to all standing up, saying our piece and then hopping off.

**Jason Calacanis** (0:20)
Sacks, we lost a little bit of the fiber of this team here. There's three people playing as a team, and then there's like...

**David Friedberg** (0:24)
Sacks, I would love to ask you questions, and I would love for you to ask me questions.

**David Sacks** (0:28)
Pass the ball, J Cal, you're the f***ing guard, you pass the ball. I'm supposed to score.

**Jason Calacanis** (0:31)
Oh, really?

**David Sacks** (0:32)
Remember what Shaq used to say when he wasn't getting the ball? He gets really unhappy. He said, pass the ball to the big dog, you'll score.
Yeah, I'm Shaq. You know, you're not Kobe. Who is the shitty little, like, off guard?
Yeah, you're Derek Fisher. Make sure the big dog gets the ball. There won't be any problems.

**Jason Calacanis** (0:49)
I'm Bob Cousy, okay? I'm Gary Payton in this f***ing analogy.
Hey, everybody. Welcome to the All-In Podcast where three besties talk about a range of topics and one monologues about Biden derangement syndrome. With you again this week, the Sultan of Science and the dictator, Chamath Palihapitiya, David Friedberg, and playing ISO ball somewhere in the wing is your political commentator, Tucker Jr. Rain Man, David Sacks.

**David Sacks** (1:36)
It's an active projection.

**Jason Calacanis** (1:37)
First story, which Sacks is going to lose his mind over, he's got two monologues prepared. Justin Trudeau has invoked an emergency order to freeze bank accounts linked to trucker protests in Canada. On Monday, Trudeau invoked an emergency law that requires financial institutions in Canada to examine customer records and take action against people involved with or aiding in the protest. Here's Trudeau's tweet from yesterday. If you're watching on the video streams, illegal blockades and occupations are not peaceful protests. They are a threat to jobs and communities and they cannot continue. In the House of Commons earlier today, I joined members of the Parliament to speak about that and about the need to invoke the Emergencies Act. The counter signal, which is a right-leaning Canadian digital publication, reported that 34 different crypto wallets were also being targeted by Canadian officials.
This law grants the government extraordinary powers like the right to ban public assembly in certain locations. The Canadian Civil Liberties Association set a plan to challenge the government decision in court.
Remember, Sacks wrote a piece on financial de-platforming for Barry Weiss' Common Sense about a year ago. The piece was about the private sector financial platforms de-platforming folks. So, your thoughts, Sacks. You have 90 seconds on the uninterrupted clock.

**David Sacks** (3:00)
On the shot clock. All right. Thank you, Jay Kelly. It's true. Last summer, I wrote a piece for Barry Weiss' substack talking about how financial de-platforming would be the next wave of online censorship. And here we are. It's actually happened. What I could not have predicted is that it would occur in our mild-mannered neighbor to the north and that the reprisals would be directed by the government itself, not just a consortium of private actors. And what Trudeau has done is he didn't just employ the Emergency Act against the trucker so that he could basically arrest them and break up the protest. They have now directed banks and any financial institution, even cryptocurrency wallets, to freeze the accounts, not just to the truckers, but to anybody who's contributed to them. Basically, anyone who's contributed $25 or more.
There were two crowdfunding sites that they raised money from. All those people, the thousands of just ordinary Canadians who did nothing more than contribute to an anti-government protest. They are now at risk of financial ruin because their bank accounts have been frozen.
And you have to wonder, what is the end here that justifies the means?
COVID, you know, Omerkhan is on the wane. It's on its way out. At the same time that Trudeau was announcing these dictatorial measures, Ford, the guy who runs Ontario, the largest province.

**Jason Calacanis** (4:24)
15 seconds.

**David Sacks** (4:25)
Ford was out there saying that he was going to, that COVID mandates were going to be over. So why exactly are they doing this?