1
00:00:00,080 --> 00:00:02,919
Speaker 1: Momentum, and what we're doing and going to do.

2
00:00:04,040 --> 00:00:08,000
Speaker 2: My administration is acting with unprecedented speed to fix the

3
00:00:08,240 --> 00:00:11,960
disasters we've inherited from a totally inept group of people,

4
00:00:12,599 --> 00:00:16,399
and to solve every single crisis facing our country. This

5
00:00:16,559 --> 00:00:20,800
begins with confronting the economic chaos caused by the failed

6
00:00:20,879 --> 00:00:25,199
policies of the last administration. Over the past four years,

7
00:00:25,239 --> 00:00:29,120
our government racked up eight trillion dollars in wasteful deficit

8
00:00:29,199 --> 00:00:34,759
spending and inflicted nation wrecking energy restrictions, crippling regulations, and

9
00:00:34,840 --> 00:00:38,479
hidden taxes like never before.

10
00:00:38,640 --> 00:00:43,320
Speaker 3: All right, so off to a pretty good start. Of course.

11
00:00:43,359 --> 00:00:47,479
Trump always starts every talk with how everything is wonderful

12
00:00:47,520 --> 00:00:48,479
and amazing.

13
00:00:49,079 --> 00:00:51,479
Speaker 4: Just one of those really amazing. Everything that we've done

14
00:00:51,560 --> 00:00:52,320
is the best ever.

15
00:00:52,439 --> 00:00:54,600
Speaker 5: And we're going to have a part two of everything

16
00:00:54,640 --> 00:00:58,159
that is measurely the sequel of everything before. It's gotta

17
00:00:58,200 --> 00:01:01,240
be amazing. We're gonna have a sequel do everything that

18
00:01:01,479 --> 00:01:04,719
was pot one. But Part two will be Trump's chic will.

19
00:01:04,799 --> 00:01:07,040
It's gonna be amazing, very wonder o chic will.

20
00:01:07,359 --> 00:01:09,680
Speaker 3: Every day I'm struggling since twenty bucks, Jay, I'm coming

21
00:01:09,719 --> 00:01:12,879
in hot right away, happy monetization days. I don't want

22
00:01:12,879 --> 00:01:14,239
to mess it up. But you have an opinion on

23
00:01:14,280 --> 00:01:16,680
the Dutroux affair. Of course we've covered this when we

24
00:01:16,760 --> 00:01:21,239
covered Program to Kill. Every time you'll ask me questions,

25
00:01:21,280 --> 00:01:24,640
you got to go into my archives, dog, I don't.

26
00:01:25,359 --> 00:01:27,280
Let's see. Here's a two hour one where we talked

27
00:01:27,319 --> 00:01:30,000
about Program to Kill. I think we mentioned yeah, I

28
00:01:30,040 --> 00:01:35,640
talk about Dutroe affair here. H here is a smaller analysis.

29
00:01:36,040 --> 00:01:37,840
So and now I think I mentioned it in my

30
00:01:38,359 --> 00:01:42,359
Serial Killer series and yeah, but you got to go

31
00:01:42,400 --> 00:01:47,439
into the archives, dog, Rosie old five bucks. Hypothetically, would

32
00:01:47,439 --> 00:01:51,239
you conspire conspid her consider speaking out a university like

33
00:01:51,319 --> 00:01:54,439
Regent Law School. Yeah, I want you to invite me

34
00:01:54,599 --> 00:01:58,560
to come do it, probably to represent orthodoxy, I guess.

35
00:01:58,719 --> 00:02:01,480
I mean, wouldn't you rather have me singing Cringe Core

36
00:02:01,599 --> 00:02:05,640
live for the law students? But probably the snack pack

37
00:02:06,840 --> 00:02:10,520
becomes a member. Joe Perrota becomes a member. Thank you guys,

38
00:02:10,560 --> 00:02:15,479
Welcome everybody. Let's get back to Trump's address. Let's skip

39
00:02:15,520 --> 00:02:19,639
ahead all the amazing, wonderful, best ever things that were done.

40
00:02:19,680 --> 00:02:22,240
Let's get into some of the facts.

41
00:02:22,159 --> 00:02:25,960
Speaker 2: From the one sided Paris slim a court and ended

42
00:02:26,080 --> 00:02:28,639
his saying across the electric.

43
00:02:28,479 --> 00:02:29,680
Speaker 1: Vehicle mid day.

44
00:02:30,560 --> 00:02:33,800
Speaker 3: So this is good. We got moving out of the

45
00:02:34,280 --> 00:02:37,800
green agenda stuff, which was in my view of scam

46
00:02:37,919 --> 00:02:40,680
Club of Rome stuff. By the way, I'm reading all

47
00:02:40,719 --> 00:02:45,159
of the formerly unpublished but now re published John Coleman books,

48
00:02:46,039 --> 00:02:51,360
and there's a new version of the Ralph Child Family

49
00:02:51,400 --> 00:02:54,360
which he did. I'm reading that one doctor Coleman did

50
00:02:54,400 --> 00:03:01,560
a book on the This actually ends up being a

51
00:03:01,560 --> 00:03:07,960
bunch of discussions of color revolutions and how they were run.

52
00:03:08,919 --> 00:03:13,719
It's called Beyond Conspiracy by Coleman. So those are pretty

53
00:03:13,759 --> 00:03:16,719
good books that I'm reading right now. And for example,

54
00:03:16,759 --> 00:03:19,800
there's a whole discussion of the Georgia Revolution, Color Revolution,

55
00:03:19,919 --> 00:03:23,560
there's the discussion of Orange Revolution, so interesting stuff in

56
00:03:23,599 --> 00:03:26,400
that book. I'll probably do that for members. But the

57
00:03:26,439 --> 00:03:28,840
reason I bring that up is I've got some good

58
00:03:29,520 --> 00:03:35,759
information coming on coming up for the members. And this

59
00:03:36,080 --> 00:03:38,919
Club of Rome book that he wrote pretty good because

60
00:03:39,719 --> 00:03:43,080
that is what is kind of the think tank behind

61
00:03:43,919 --> 00:03:48,919
what is sort of the mastermind umbrella of all of

62
00:03:48,919 --> 00:03:53,400
the green climate. And by extension, dee I style.

63
00:03:54,800 --> 00:03:59,319
Speaker 2: I declared a national energy emergency, and that's so important.

64
00:04:00,360 --> 00:04:04,680
Energy emergency toward lock the liquid gold under our feet

65
00:04:05,039 --> 00:04:09,159
and pave the way for rapid approvals of new energy infrasearch.

66
00:04:10,080 --> 00:04:12,319
Speaker 3: By the way, by liquid gold, he doesn't mean oil.

67
00:04:12,360 --> 00:04:15,639
He actually means literal liquid gold. It's a new element.

68
00:04:15,719 --> 00:04:21,600
It's the fifth element. It's what Milajoviovich symbolized in the

69
00:04:21,639 --> 00:04:24,360
movie fifth element. Liquid gold.

70
00:04:25,399 --> 00:04:29,680
Speaker 5: Liquid gold gotta be sold at all of the Trump hotels,

71
00:04:29,680 --> 00:04:32,720
gonna be We're gonna make smoothies out of the liquid gold,

72
00:04:32,879 --> 00:04:37,480
gonna be shucking it down your gullets. It's gonna be amazing, really,

73
00:04:37,560 --> 00:04:42,480
not really, probably the most amazing smoothies, liquid gold smoothies

74
00:04:42,600 --> 00:04:43,279
for America.

75
00:04:43,480 --> 00:04:46,199
Speaker 2: The United States is largest amount of oil and gas

76
00:04:46,279 --> 00:04:49,439
of any country on Earth, and we're going to use it.

77
00:04:49,920 --> 00:04:53,279
Not only will this reduce the cost of virtually all

78
00:04:53,360 --> 00:04:57,800
goods and services, it'll make the United States say manufacturing superpower.

79
00:04:58,000 --> 00:04:59,879
Speaker 3: Now this is wrongmant too because this week we had

80
00:04:59,920 --> 00:05:03,560
a discussion debate coming up on YouTube over the history

81
00:05:03,560 --> 00:05:05,600
of the Middle East, the history of Israel, the history

82
00:05:05,639 --> 00:05:11,120
of Palestine, British Mandate, and it was actually had a

83
00:05:11,199 --> 00:05:15,040
good discussion with people, were a good, good debate and

84
00:05:15,319 --> 00:05:17,120
got into a lot of the deep history of it

85
00:05:17,240 --> 00:05:19,480
that I've read quite a bit about. And as you

86
00:05:19,480 --> 00:05:21,319
guys know from the members, we just finished the Black

87
00:05:21,319 --> 00:05:23,199
Gold Spies book, which is written by kind of a

88
00:05:23,199 --> 00:05:27,240
French intelligence analysis take on the history of British imperial

89
00:05:27,279 --> 00:05:30,959
spies Napoleonic spies scouting out the Middle East to find

90
00:05:31,839 --> 00:05:37,040
liquid gold. And it was amazing. Tax I think you

91
00:05:37,079 --> 00:05:39,040
really can't understand the history of the Middle East and

92
00:05:39,079 --> 00:05:44,000
the Israel stuff without understanding British imperial geopolitics and the

93
00:05:44,040 --> 00:05:46,120
history of the top spies. So we went through Grotrubelle

94
00:05:46,800 --> 00:05:50,480
to Lawrence, Saint John Philby and many many others, Conrad

95
00:05:50,600 --> 00:05:53,959
Killian French spies. It was pretty wild book. It was

96
00:05:54,079 --> 00:05:59,160
super information packed, but you need to know that stuff

97
00:05:59,199 --> 00:06:02,399
before you can understand and what's really going on. And look,

98
00:06:03,439 --> 00:06:09,560
the liquid goal. The real goal of today is not oil. Okay, Bloomerous,

99
00:06:09,600 --> 00:06:14,439
it's not oil. It's this orange liquid goal right here.

100
00:06:14,600 --> 00:06:16,519
We'll talk about this in a moment, because we're also

101
00:06:16,600 --> 00:06:19,560
going to be looking at this talk this first part

102
00:06:19,560 --> 00:06:21,920
with Trump. This is going to be focusing on the

103
00:06:22,000 --> 00:06:25,240
problems in the world, and Trump is moving in the

104
00:06:25,319 --> 00:06:28,079
right directions. A lot of good things done, not everything.

105
00:06:28,120 --> 00:06:32,160
We're gonna talk a little bit about the what's it

106
00:06:32,240 --> 00:06:37,040
called gay I? What was the thing project Stargate? I

107
00:06:37,040 --> 00:06:39,279
did the Fourth Hour on that the other day, So

108
00:06:39,319 --> 00:06:40,920
we'll talk a little bit about that, because it's kind

109
00:06:40,920 --> 00:06:45,079
of just a stupid propaganda pr thing I think don't

110
00:06:45,319 --> 00:06:47,639
actually exists yet. But and then we're going to talk

111
00:06:47,680 --> 00:06:52,439
about a Michael Saylor talk that helps us understand economics

112
00:06:52,439 --> 00:06:55,519
from an engineering perspective, and we'll look at that in

113
00:06:55,560 --> 00:06:58,920
a second. But I will be on tonight with pretty

114
00:06:58,959 --> 00:07:02,319
well known stand up comedian. His name is Danny Paulish

115
00:07:02,399 --> 00:07:07,160
Chuck and he does the Low Value Male podcast and

116
00:07:07,199 --> 00:07:09,199
I'll be on with him tonight, So it's going to

117
00:07:09,240 --> 00:07:13,560
be pretty fun. I think Burmus and he are buds.

118
00:07:13,680 --> 00:07:15,759
He might be buds with TRIPLEI. I'm not sure. I

119
00:07:15,759 --> 00:07:21,879
think he's triply adjacent. Got a pretty good sized audience,

120
00:07:21,959 --> 00:07:25,519
so that should be fun tonight at nine ish eastern,

121
00:07:25,600 --> 00:07:30,160
I think, yeah, ten, No ten Eastern, nine Central. And

122
00:07:30,439 --> 00:07:31,839
there's something else I was going to talk about.

123
00:07:31,879 --> 00:07:32,360
Speaker 4: What was it?

124
00:07:33,759 --> 00:07:35,600
Speaker 3: I don't know, let's get into this or we'll we'll

125
00:07:35,639 --> 00:07:39,240
never finish Trump. But all this climate stuff, it's just

126
00:07:39,319 --> 00:07:42,680
a means of neo feudalistic control at.

127
00:07:42,560 --> 00:07:48,519
Speaker 2: The world capital of artificial intelligence and crypto. My administration

128
00:07:48,680 --> 00:07:53,319
has also begun the largest deregulation campaign in history, far

129
00:07:53,399 --> 00:07:57,759
exceeding even the record setting efforts of my last term.

130
00:07:58,279 --> 00:08:02,160
In total, the Biden administration to post fifty thousand dollars

131
00:08:02,199 --> 00:08:07,319
in additional regulatory costs on the average American household over

132
00:08:07,360 --> 00:08:08,920
the last four years.

133
00:08:09,240 --> 00:08:10,240
Speaker 1: I have promised to.

134
00:08:10,199 --> 00:08:15,560
Speaker 2: Eliminate ten old regulations for every new regulation, which.

135
00:08:15,639 --> 00:08:19,759
Speaker 3: Now, remember, Davos doesn't exist. It's not a thing. People

136
00:08:19,800 --> 00:08:22,319
have been mocking what we talked about. I made my

137
00:08:22,319 --> 00:08:25,879
first Davos video seven years ago talking about world looking

138
00:08:25,920 --> 00:08:29,000
on befo him. I've been talking about Bieberg for I mean,

139
00:08:29,199 --> 00:08:32,320
I read Daniel Estlin's b Berg book in the two thousands,

140
00:08:32,720 --> 00:08:38,960
and so many normies, so many blue check journal disinfo losers,

141
00:08:39,519 --> 00:08:42,039
so many people in the religious sphere, in the church

142
00:08:42,120 --> 00:08:46,159
sphere mocked for years. Just doesn't even exist.

143
00:08:46,279 --> 00:08:46,840
Speaker 4: What's the world?

144
00:08:46,879 --> 00:08:49,080
Speaker 3: Look along before world it's not a thing. Well, it's

145
00:08:49,159 --> 00:08:51,879
like a spirit you. And then now we have essentially

146
00:08:51,960 --> 00:08:57,080
Trump speaking to this globalist entity, essentially telling them that

147
00:08:57,120 --> 00:09:01,279
it's not going to be way that it was in

148
00:09:01,399 --> 00:09:06,519
terms of internationalism ruling the ruse. Now people are always

149
00:09:06,559 --> 00:09:09,799
complaining Trump's not doing everything that we want. It's not perfect,

150
00:09:09,799 --> 00:09:12,320
it's all fake, it's all fake, it's not all fake.

151
00:09:13,639 --> 00:09:16,960
In the world of politics, you never get all of

152
00:09:17,000 --> 00:09:22,000
your platform through and Trump is not perfect, but he's

153
00:09:22,039 --> 00:09:24,679
way better than what we've had. The previous people were

154
00:09:24,679 --> 00:09:29,200
literally working to destroy the country. And even if we

155
00:09:29,200 --> 00:09:32,480
get about half of what he talks about doing through,

156
00:09:33,159 --> 00:09:35,840
that will be better than anything else we've ever seen.

157
00:09:36,200 --> 00:09:41,240
And already just moving towards bitcoin is a huge movement

158
00:09:41,240 --> 00:09:43,639
in the right direction. I'm really tired of all the

159
00:09:43,639 --> 00:09:47,559
conspiracy people who are so solidified in everything being a

160
00:09:47,559 --> 00:09:52,159
conspiracy and everything being fake, everything being controlled. That's the

161
00:09:52,200 --> 00:09:54,879
mindset of why you didn't buy bitcoin seven years ago

162
00:09:54,919 --> 00:09:57,200
when I told you to, even though it's not readister

163
00:09:57,279 --> 00:10:05,240
financial advice, you didn't listen. You doubled down on your hardheadedness.

164
00:10:05,720 --> 00:10:08,159
And you're still doubling down. Even though bitcoin will go

165
00:10:08,240 --> 00:10:11,200
to a million dollars, you'll never go to a hundred

166
00:10:11,279 --> 00:10:14,279
dodos Here we are over one hundred thousand dollars.

167
00:10:14,440 --> 00:10:16,000
Speaker 4: You'll never go to a million.

168
00:10:16,080 --> 00:10:18,679
Speaker 3: Nose and you're gonna be proven wrong yet again, and

169
00:10:18,720 --> 00:10:19,799
you'll double down yet again.

170
00:10:19,879 --> 00:10:22,039
Speaker 4: The CIA created bitcoins?

171
00:10:22,240 --> 00:10:26,600
Speaker 3: In essay, where is the evidence of the CIA creating bitcoin?

172
00:10:27,080 --> 00:10:31,039
The name Satashi Satoshi Nakamoto. If you look at it

173
00:10:31,080 --> 00:10:34,960
in Gogamatria, you translated into the Japanese of the ancient

174
00:10:34,960 --> 00:10:37,360
Middle aged bl blah blah blah, and then you look

175
00:10:37,399 --> 00:10:41,360
at it through the Samurai lens of Joseph Smith the peepstone,

176
00:10:41,679 --> 00:10:46,120
it's so CIA through the Gamatrio. Right, this total schizo

177
00:10:46,279 --> 00:10:50,039
nonsense stuff. If you look at the mi T paper

178
00:10:50,639 --> 00:10:54,799
that people point to to prove this, it's literally an

179
00:10:54,919 --> 00:10:57,600
mi T paper from the nineties about creating an E

180
00:10:58,000 --> 00:11:03,240
dollar that's still a fiat thing. That's still just what

181
00:11:03,320 --> 00:11:08,200
we have, just electronic cash. Bitcoin is not an E dollar.

182
00:11:09,519 --> 00:11:13,440
This is one oh one dollars are fiat. If they're

183
00:11:13,440 --> 00:11:18,000
put into electronic form, they're still fiat. You just punch

184
00:11:18,080 --> 00:11:21,080
in the number of the dollars you make. That's what

185
00:11:21,120 --> 00:11:24,559
a CBDC would be. So Trump day one bands that's

186
00:11:24,559 --> 00:11:27,399
a good thing. That's against what Klaus and everybody wanted,

187
00:11:27,480 --> 00:11:28,480
which was a CBDC.

188
00:11:31,639 --> 00:11:35,480
Speaker 4: If bitcoin is made by the CIA.

189
00:11:34,480 --> 00:11:37,440
Speaker 3: Why would the CIA, which is a Fabian socialist institution,

190
00:11:37,639 --> 00:11:41,639
ultimately create the very thing that all the Fabians oppose

191
00:11:42,879 --> 00:11:47,720
and let loose into the world, which is against everything

192
00:11:47,720 --> 00:11:51,799
that they stand for. The IMF, the BIS, all of

193
00:11:51,799 --> 00:11:56,080
these entities, which are keynesy and Fabian social entities have

194
00:11:56,279 --> 00:11:59,919
for ages since the creation of bitcoin, been opposed to it.

195
00:12:00,960 --> 00:12:02,320
Speaker 4: Oh but that's all fake.

196
00:12:02,639 --> 00:12:05,200
Speaker 3: That's all to make you think they're opposed to do

197
00:12:05,519 --> 00:12:08,440
do do you people are as dumb as the Q people.

198
00:12:12,320 --> 00:12:14,720
Speaker 4: Everything's fake. Everything's a conspiracy.

199
00:12:15,519 --> 00:12:17,799
Speaker 3: Even though I'm not even gonna go into that stupid stuff.

200
00:12:17,840 --> 00:12:19,440
It's not even worth it, you know. Again, it's just

201
00:12:19,480 --> 00:12:22,559
stay poor, Like why are you even fussing? Just go

202
00:12:22,639 --> 00:12:24,919
be poor, that's what you want. And then when you

203
00:12:25,039 --> 00:12:28,360
keep failing, you're gonna blame everyone else who's successful. And

204
00:12:28,360 --> 00:12:31,519
then you say, well, they sold out. He's working for

205
00:12:31,600 --> 00:12:33,879
the CIA and the KG being a Bassau and everybody

206
00:12:33,879 --> 00:12:35,799
all at once, because that's how we got Successful's the

207
00:12:35,840 --> 00:12:38,360
only way. It's the only way. It's not me being

208
00:12:38,360 --> 00:12:42,799
an idiot, it's them sold out to the CILL.

209
00:12:42,480 --> 00:12:46,840
Speaker 2: Many thousands of dollars back in the pockets of American families.

210
00:12:47,159 --> 00:12:48,960
Speaker 1: To further unleash our economy.

211
00:12:48,960 --> 00:12:53,080
Speaker 2: Our majorities in the House and Senate, which we also

212
00:12:53,200 --> 00:12:56,360
took along with the presidency, are going to pass the

213
00:12:56,440 --> 00:13:00,320
largest tax cut in American history, including massive tax cuts

214
00:13:00,360 --> 00:13:01,559
for workers and family.

215
00:13:02,240 --> 00:13:07,320
Speaker 3: And now this is all great, and he has said

216
00:13:07,720 --> 00:13:10,559
getting rid of the i R s amazing, talked about

217
00:13:10,600 --> 00:13:15,600
the Federal Reserve, all that's all great. But remember they're

218
00:13:15,639 --> 00:13:18,399
still at least not Trump, but at least Elon is

219
00:13:18,399 --> 00:13:21,039
still saying we got to get rid of inflation because

220
00:13:21,080 --> 00:13:25,879
of government spending. Inflation is high because of government spending.

221
00:13:27,080 --> 00:13:31,240
Spending has nothing to do with inflation. Inflation is because

222
00:13:31,440 --> 00:13:34,600
the private central banks can print the money. That's what

223
00:13:34,679 --> 00:13:38,840
inflates the currency, making it less valuable. And that's what

224
00:13:39,039 --> 00:13:41,360
Tragedy and Hope covers in the first three hundred pages

225
00:13:41,440 --> 00:13:46,720
of the book. And that's what every libertarian von misis

226
00:13:46,799 --> 00:13:49,480
Ron Paul, everybody who's been screaming.

227
00:13:49,320 --> 00:13:53,279
Speaker 4: Well, we got to audit the fad, I've got the fad.

228
00:13:53,320 --> 00:13:58,080
Speaker 3: What has Ron Paul endlessly said, Well, I got ut

229
00:13:58,080 --> 00:14:01,440
at the fad. Why because it prints the money into

230
00:14:01,440 --> 00:14:04,159
guy's the churns is that simple. And all the gold

231
00:14:04,200 --> 00:14:06,919
Boomers understood all that. But they still can't wrap their

232
00:14:06,919 --> 00:14:07,600
head around big one.

233
00:14:07,639 --> 00:14:10,840
Speaker 4: Well, that's not real. I can't touch it. Well, y'all,

234
00:14:11,519 --> 00:14:13,360
I don't know. If I put money in my game

235
00:14:13,360 --> 00:14:15,679
boy and I rub it all the ATM and none

236
00:14:15,720 --> 00:14:17,720
of the gold comes out, I don't understand it.

237
00:14:19,120 --> 00:14:21,759
Speaker 3: Or Paul Craig Robin, Well, Alex will go the dollar?

238
00:14:22,679 --> 00:14:27,600
The dollar, Why Alex's not It's not odd to anything. Oh,

239
00:14:27,799 --> 00:14:30,720
the dollar. We gotta go back to the golds, down

240
00:14:30,799 --> 00:14:33,799
to Dolex. And if the niler cons in Washington will

241
00:14:33,799 --> 00:14:36,840
get to all of the world, we're gonna have spidish

242
00:14:36,919 --> 00:14:39,360
glions settle on the raw, and we'll bring out the

243
00:14:39,399 --> 00:14:42,799
gold trusts with the billion dollar. The gold Alex. It's

244
00:14:42,840 --> 00:14:47,159
the future, old Spanish gallions and trusts, the gold in

245
00:14:47,240 --> 00:14:53,559
the venture, the bloom Alex. Okay Boomers, Yes, fifteen hundred

246
00:14:53,720 --> 00:15:01,000
Spain is the future, right, Captain Jack Sparrow of the future. Oh,

247
00:15:01,000 --> 00:15:04,320
it's the whole of Black Pole. The other bottle will

248
00:15:04,360 --> 00:15:07,159
sell in the flood market to the other cultures on

249
00:15:07,360 --> 00:15:10,240
the buck of the Black Pole under a full gold

250
00:15:10,320 --> 00:15:13,919
of bloom ducks. Does anybody even know who Paul Craid

251
00:15:14,000 --> 00:15:17,639
Roberts is. I don't even know my impressions. Well, got

252
00:15:17,679 --> 00:15:19,720
aught of the fan and go back to the I'm

253
00:15:19,759 --> 00:15:22,440
just joking. Ron Paul actually does believe in bitcoin, so

254
00:15:22,519 --> 00:15:25,080
he's he was at the Bitcoin conference. I didn't hear him.

255
00:15:25,120 --> 00:15:27,480
He didn't speak, he was doing like interviews, a little

256
00:15:28,440 --> 00:15:32,960
media pods or whatever. But no, Ron Paul gets it.

257
00:15:33,120 --> 00:15:40,840
So props to Ron Paul over PCR. But they just man,

258
00:15:41,080 --> 00:15:42,759
I don't get. They just have a heart. So it's

259
00:15:42,759 --> 00:15:45,679
amazing to me that the trumpet wrapped his head around bitcoin.

260
00:15:46,080 --> 00:15:48,799
To me, I cannot even even I mean, this is

261
00:15:48,840 --> 00:15:52,720
a huge change from a year ago. So and we

262
00:15:52,840 --> 00:15:54,759
were at the Bitcoin conference in Nashville, so it was

263
00:15:54,799 --> 00:15:58,200
cool to see all of that live. And uh, in

264
00:15:58,279 --> 00:16:01,559
a minute, we're gonna go to uh, the guy who

265
00:16:01,600 --> 00:16:04,600
does my Financial friend channel. He was a nice guy.

266
00:16:04,679 --> 00:16:06,559
We met him at the Bitcoin conference, got a picture

267
00:16:06,600 --> 00:16:10,039
with him. Cool guy, and he put up the Michael

268
00:16:10,080 --> 00:16:13,759
Saylor lecture that's new that goes really deep into the bitcoin.

269
00:16:13,799 --> 00:16:15,360
So we're gonna do that next. We're gonna do a

270
00:16:15,399 --> 00:16:18,879
commentary on it. You guys are gonna learn and stop

271
00:16:18,960 --> 00:16:22,279
complaining and whining. I don't understand, Dick Cooin. When are

272
00:16:22,279 --> 00:16:24,559
you gonna do a talk about explaining. I've done it

273
00:16:24,639 --> 00:16:27,480
many times. You guys, just don't go into the archives

274
00:16:27,480 --> 00:16:30,440
where it's buried in the algorithm. Man, you don't see it. Okay,

275
00:16:30,480 --> 00:16:34,240
we'll do it again. I'm about to do every day

276
00:16:34,320 --> 00:16:37,360
on bitcoin, and then people will who stop talking about bitcoin.

277
00:16:37,519 --> 00:16:41,159
I want to be poor, stop talking about it. The

278
00:16:41,279 --> 00:16:43,200
only way to be spiritual is if you're really poor.

279
00:16:43,279 --> 00:16:45,480
And that's what that's what God really loves. And especially

280
00:16:45,519 --> 00:16:46,919
when I talk about how poor I am on the

281
00:16:47,000 --> 00:16:49,559
Internet and pray about it. Oh pray, let me pray

282
00:16:49,639 --> 00:16:50,000
on Twitter.

283
00:16:50,159 --> 00:16:52,320
Speaker 4: Look at me pray. Oh's so poor. I'm oh, I'm

284
00:16:52,360 --> 00:16:53,679
so spiritual. I'm all rightful.

285
00:16:55,240 --> 00:16:58,919
Speaker 3: Yeah, that's what That's what Christianity is about, is just

286
00:16:59,600 --> 00:17:03,919
public portraying how poor you are and that makes you

287
00:17:04,160 --> 00:17:04,759
more righteous.

288
00:17:05,599 --> 00:17:10,519
Speaker 2: Domestic producers and manufacturers, and we're working with the Democrats

289
00:17:10,640 --> 00:17:14,000
on getting an extension of the original Trump tax cuts.

290
00:17:14,039 --> 00:17:15,079
Speaker 1: As you probably know.

291
00:17:15,920 --> 00:17:20,519
Speaker 2: By just reading any paper, my message to every business

292
00:17:20,640 --> 00:17:23,319
in the world is very simple. Come make your product

293
00:17:23,400 --> 00:17:26,000
in America and we will give you among the lowest

294
00:17:26,119 --> 00:17:28,640
taxes of any nation on Earth.

295
00:17:29,400 --> 00:17:30,720
Speaker 1: We're bringing it down version.

296
00:17:31,000 --> 00:17:34,240
Speaker 3: I understand that because Trump made trump Coin. He doesn't

297
00:17:34,279 --> 00:17:39,039
truly understand bitcoin. I'm speaking in colloquial speak. I know

298
00:17:39,160 --> 00:17:41,680
he doesn't deep down understand the philosopher. So thank you.

299
00:17:41,839 --> 00:17:44,359
Know it alls in the chat thank you safely.

300
00:17:44,000 --> 00:17:46,359
Speaker 1: Even from the original Trump tax cuts.

301
00:17:46,960 --> 00:17:49,599
Speaker 2: But if you don't make your product in America, which

302
00:17:49,720 --> 00:17:53,359
is your prerogative, then very simply you will have to

303
00:17:53,599 --> 00:17:57,400
pay a tariff differing amounts, but a tariff which will

304
00:17:57,480 --> 00:17:59,440
direct hundreds of millions of dollars.

305
00:17:59,480 --> 00:18:03,319
Speaker 3: And even now, this was the way that the government

306
00:18:03,440 --> 00:18:06,240
made money prior to the Federal Reserve was through tariffs.

307
00:18:06,359 --> 00:18:08,920
I mean, I'm sure there's other ways, but the idea

308
00:18:09,119 --> 00:18:14,559
of the irs and taxing everybody and extreme just insane levels,

309
00:18:14,599 --> 00:18:17,680
which is part of the communist manifesto planks, which is,

310
00:18:18,200 --> 00:18:19,799
by the way, one of the ways you can demonstrate

311
00:18:19,880 --> 00:18:23,960
that Marxism socialism is actually a big banker scam is

312
00:18:24,039 --> 00:18:26,319
that the big banking elites have always promoted and pushed

313
00:18:26,400 --> 00:18:32,599
Marxism historically. By the way, there's another book that John

314
00:18:32,640 --> 00:18:35,200
Coleman wrote that's actually really good and has quite a

315
00:18:35,240 --> 00:18:37,319
bit of the sourcing, because his books are notorious for

316
00:18:37,440 --> 00:18:41,359
not sourcing. One World Order socialist dictatorship. This is actually

317
00:18:41,400 --> 00:18:49,000
a really good book anyway. So now the federal government

318
00:18:49,880 --> 00:18:54,240
does not need to attack its own people and leach

319
00:18:54,359 --> 00:18:59,559
off of their hard work. When the federal prior excuse me,

320
00:18:59,640 --> 00:19:02,640
the pri that trail reserve, can print as much money

321
00:19:02,680 --> 00:19:04,319
as they want and give it to their friends. As

322
00:19:04,400 --> 00:19:06,480
Jack Mallers said two days ago or three to whatever

323
00:19:06,480 --> 00:19:10,200
it was, we could go, why would I Why should

324
00:19:10,200 --> 00:19:12,240
I have to work and pay taxes on what I

325
00:19:12,359 --> 00:19:15,039
worked for when those people can make as much of

326
00:19:15,079 --> 00:19:17,279
that money out of thin air and give it to

327
00:19:17,319 --> 00:19:21,960
whoever they want. It's a rigged game. And Maler's has

328
00:19:22,000 --> 00:19:26,279
a great argument on that point as to why he

329
00:19:26,319 --> 00:19:30,720
would not ever even live on a FIAT standard and

330
00:19:30,880 --> 00:19:35,000
his career of the strike app for basically just living

331
00:19:35,200 --> 00:19:38,039
via bitcoin. I'm actually really close to doing that. I mean,

332
00:19:38,079 --> 00:19:40,240
we already kind of do that because anything that I

333
00:19:40,359 --> 00:19:44,359
get is immediately converted into the bitcoin. Always. We've been

334
00:19:44,400 --> 00:19:47,519
doing that for many, many years. It's worked really well.

335
00:19:49,680 --> 00:19:52,079
I'm still not sure about how it works with because

336
00:19:52,119 --> 00:19:54,119
you have to pay taxes. But if if Trump does

337
00:19:54,200 --> 00:19:56,440
what he's talking about here and gets rid of the

338
00:19:56,519 --> 00:19:59,960
crypto or she made the capital gains taxes or whatever,

339
00:20:00,039 --> 00:20:02,920
or no crypto tax whatever that means. That would actually

340
00:20:03,039 --> 00:20:06,240
make it super super easy to literally just live on

341
00:20:06,319 --> 00:20:10,640
a big coin center. So basically every Fiat you get

342
00:20:10,759 --> 00:20:12,920
immediately gets converted into a bitcoin. You don't even worry

343
00:20:12,920 --> 00:20:17,319
about the daily cost. I think this is the future.

344
00:20:17,359 --> 00:20:18,559
A lot lot of people are going to be doing

345
00:20:18,599 --> 00:20:22,200
this in the future, and the only thing that we

346
00:20:22,359 --> 00:20:24,480
already kind of do this. The only difference is that

347
00:20:24,680 --> 00:20:28,480
there is some money in my bank just to pay

348
00:20:28,640 --> 00:20:32,480
the damn taxes, because they're crazy. If you're self employed

349
00:20:32,519 --> 00:20:36,720
and whatnot, I mean, you have the worst taxes, and

350
00:20:36,839 --> 00:20:40,640
that's by design to make sure that you don't rise

351
00:20:40,759 --> 00:20:44,960
up and become successful. So if you ever thought that

352
00:20:45,039 --> 00:20:49,000
this system was actually structured for success, no, no, it's

353
00:20:49,000 --> 00:20:53,440
structured to keep you out of success. And had I not,

354
00:20:53,559 --> 00:20:55,720
for example, had I not paid the insane levels of

355
00:20:55,759 --> 00:20:58,880
taxes that I pay in the last say, seven years,

356
00:21:01,279 --> 00:21:03,640
we would have I'm not gonna say how much we

357
00:21:03,720 --> 00:21:09,400
weave multimillionaires basically, and because that's how much you pay

358
00:21:09,440 --> 00:21:11,480
in taxes. I'm not saying I pay millions of dollars

359
00:21:11,559 --> 00:21:13,359
in taxes. I'm saying that the amount of money that

360
00:21:13,440 --> 00:21:17,400
I put into taxes. If that had been put into

361
00:21:17,440 --> 00:21:20,240
the bitcoin that I would have bought, we would already

362
00:21:20,279 --> 00:21:25,319
be in the multimillions of bitcoin. So taxes are crazy.

363
00:21:26,920 --> 00:21:29,519
Bobby seesays for photodoors have used BitPay. I have the

364
00:21:29,599 --> 00:21:32,680
bit pay app. I have not used it because, like

365
00:21:32,799 --> 00:21:35,039
it just it seems like it's just gonna be a

366
00:21:35,160 --> 00:21:40,240
lot of buying. It's more of a hassle to buy

367
00:21:41,480 --> 00:21:47,039
what's the word I'm looking for when you go to

368
00:21:47,119 --> 00:21:52,640
Kroger and you buy the I can't even think of

369
00:21:52,680 --> 00:21:54,319
the I'm going blank on the word I'm looking for.

370
00:21:56,519 --> 00:21:59,920
Like you can live just on crypto through something like

371
00:22:00,200 --> 00:22:01,920
bit pay, but it's a huge hassle because you have

372
00:22:02,039 --> 00:22:06,640
to buy the like a Kroger card that you put

373
00:22:07,680 --> 00:22:11,000
the cash onto when you cash out, so I mean

374
00:22:11,400 --> 00:22:13,720
for groceries and stuff. I mean, it's just it's still

375
00:22:13,759 --> 00:22:16,480
too much of a hassle. Maybe down the road, but

376
00:22:16,880 --> 00:22:19,319
if you listen to Mallers talks, it actually does make

377
00:22:19,440 --> 00:22:22,799
sense for everything that I can tell, except for taxes.

378
00:22:22,799 --> 00:22:24,559
And if Trump gets this through, then we want to

379
00:22:24,599 --> 00:22:26,720
have to worry about that, so then you would just

380
00:22:27,319 --> 00:22:30,440
it would make absolutely no sense to not live on

381
00:22:30,559 --> 00:22:33,759
a complete bitcoin center for everything. So the strike caap

382
00:22:33,839 --> 00:22:35,599
is supposed to do that, I don't I haven't used

383
00:22:35,599 --> 00:22:37,640
it yet. I've downloaded it, but I've not used it,

384
00:22:37,720 --> 00:22:43,039
so I can't speak to whether the app is good

385
00:22:43,119 --> 00:22:44,680
or whatever it probably is. I don't know. I just

386
00:22:44,720 --> 00:22:50,119
haven't used yet. While taut jatuwan five dollars, Hey, hope

387
00:22:50,160 --> 00:22:52,799
you're doing good. Are you doing any events in Texas?

388
00:22:54,079 --> 00:22:56,880
Not so far that we know about yet, But a

389
00:22:56,960 --> 00:22:59,960
lot of times events just pop up. But I try

390
00:23:00,319 --> 00:23:05,279
to let everybody know as far ahead of time for events,

391
00:23:05,319 --> 00:23:08,599
for live events, So if if anything does come up,

392
00:23:08,640 --> 00:23:13,119
I'll definitely let you guys know. Id bro five bucks.

393
00:23:13,799 --> 00:23:16,759
It won't let me write out my super chat check

394
00:23:17,200 --> 00:23:23,640
the chats. Thank you. It's about two books? Uh, it's

395
00:23:23,680 --> 00:23:29,400
about two books? What is your about two books? By

396
00:23:29,440 --> 00:23:32,160
the way, if you use stream labs, you can I

397
00:23:32,240 --> 00:23:34,960
think you can write longer. You can write more text

398
00:23:35,079 --> 00:23:44,240
on the stream labs. Okay, Alex is not pro nWo.

399
00:23:44,279 --> 00:23:45,640
I don't even know what you're talking about. It doesn't

400
00:23:45,640 --> 00:23:50,559
make any sense. You'll notice that as soon as we

401
00:23:50,640 --> 00:23:54,319
start to have some victories suddenly, oh no, everybody's working

402
00:23:54,400 --> 00:23:57,480
with a new world order. I think a lot of

403
00:23:57,519 --> 00:24:00,480
people just that's just an easy out for them to say,

404
00:24:00,559 --> 00:24:03,160
everything's oh, it's just everything's considered, everything's rict everything. So

405
00:24:03,279 --> 00:24:06,240
so this is like a loser mindset, right when we

406
00:24:06,759 --> 00:24:10,319
talk about the victim mindset, A lot of people in

407
00:24:10,440 --> 00:24:13,599
the conspiracy world, in the alternative media world, they have

408
00:24:13,759 --> 00:24:16,559
a loser victim mindset. They do the exact same thing

409
00:24:16,720 --> 00:24:23,119
as the woke people that everybody bitches about, justifiably that

410
00:24:23,559 --> 00:24:27,200
it's all everybody else's fault. It's all the women's the

411
00:24:27,319 --> 00:24:31,119
women's full. Oh, it's the it's all of the people

412
00:24:31,200 --> 00:24:33,799
from the Middle East, it's all they're full. Oh, they're

413
00:24:33,839 --> 00:24:37,519
causing all of my problems. Everything is them. Well, you

414
00:24:37,680 --> 00:24:40,839
can't change all of that, So the only thing you

415
00:24:40,920 --> 00:24:44,799
can change is you and your own life. And listen

416
00:24:44,880 --> 00:24:47,279
to the video that I just shared this morning from

417
00:24:48,079 --> 00:24:49,920
I don't know who that dude is, he just popped up.

418
00:24:49,960 --> 00:24:52,759
It's a really good, like a motivational type of video,

419
00:24:53,440 --> 00:24:56,119
and although it's geared towards dudes, it applies to women too,

420
00:24:56,279 --> 00:24:59,119
because he's basically just saying all the time and effort

421
00:24:59,119 --> 00:25:02,000
that you put into your video games, in your anime

422
00:25:02,160 --> 00:25:05,119
and all the stuff you whine about. Uh, you're the

423
00:25:05,240 --> 00:25:07,799
one that you're your own worst enemy. And I thought

424
00:25:07,839 --> 00:25:10,039
that was a really good video. Let's get back to Trump.

425
00:25:10,079 --> 00:25:13,880
Speaker 2: Tradions of dollars into our treasury to strengthen our economy

426
00:25:13,960 --> 00:25:14,839
and paid down debt.

427
00:25:15,640 --> 00:25:18,000
Speaker 1: Under the Trump administration.

428
00:25:17,519 --> 00:25:20,200
Speaker 2: There will be no better place on earth to create jobs,

429
00:25:20,319 --> 00:25:23,359
bill factories, or grow a company than right here in

430
00:25:23,440 --> 00:25:28,240
the good old USA. Already, Americans economic and you can

431
00:25:28,319 --> 00:25:31,920
see this, I think maybe even in your in your wonderful,

432
00:25:32,319 --> 00:25:33,839
wonderful room that you're.

433
00:25:33,680 --> 00:25:35,920
Speaker 1: All gathered together, so many of my friends, but.

434
00:25:36,000 --> 00:25:40,640
Speaker 2: Americans, the economic confidence is soaring like we haven't seen

435
00:25:40,759 --> 00:25:42,039
in many, many.

436
00:25:42,200 --> 00:25:43,759
Speaker 1: Decades, maybe not at all.

437
00:25:43,880 --> 00:25:47,319
Speaker 2: Upon my election, it was just announced a small business

438
00:25:47,400 --> 00:25:52,000
optimism skyrocketed by forty one points in a single month.

439
00:25:52,079 --> 00:25:54,759
Speaker 1: That's the highest ever. There's never been anything like that.

440
00:25:55,640 --> 00:25:58,720
Speaker 2: SoftBank has announced between a one hundred and two hundred

441
00:25:58,799 --> 00:25:59,640
billion dollar.

442
00:25:59,519 --> 00:26:00,720
Speaker 1: Investment and the.

443
00:26:00,839 --> 00:26:03,720
Speaker 2: US economy because of the election result, and just two

444
00:26:03,839 --> 00:26:07,960
days ago, Oracle, soft Bank and Open Ai announced a

445
00:26:08,119 --> 00:26:13,359
five hundred billion dollar investment in AI infrastructure. Other companies

446
00:26:13,519 --> 00:26:17,759
likewise have announced billions and billions and billions, So.

447
00:26:18,079 --> 00:26:19,960
Speaker 3: I don't know what you guys are whining about. Like

448
00:26:20,839 --> 00:26:25,559
we try to do a mature analysis over here, debating

449
00:26:25,599 --> 00:26:29,119
all day whether this Elon or Trump or anybody is

450
00:26:29,200 --> 00:26:32,799
a hero or a malicious villion, whether they're all compromised.

451
00:26:33,240 --> 00:26:35,960
None of that is going to get you ahead. None

452
00:26:36,039 --> 00:26:40,640
of that is going to solve your problems. So what

453
00:26:40,799 --> 00:26:43,440
you have to do is focus on the things in

454
00:26:43,559 --> 00:26:47,400
your life that you can change. Everybody wants to focus

455
00:26:47,480 --> 00:26:50,440
on things a million miles away that they can't do

456
00:26:50,559 --> 00:26:53,720
anything about, which, by the way, isn't is a leftist mindset.

457
00:26:55,920 --> 00:26:59,160
It's a leftist mindset to you know, you're a gamer

458
00:26:59,319 --> 00:27:02,039
in you're obsessed with what's happening in the Middle East.

459
00:27:04,519 --> 00:27:05,880
What does that have to do with your day to

460
00:27:05,960 --> 00:27:10,640
day life. Are you actually starting a business, are you

461
00:27:10,799 --> 00:27:14,079
actually making money preparing for having a family. No, you've

462
00:27:14,200 --> 00:27:20,359
adopted a demoralized mindset, a childish, immature, neotany based mindset

463
00:27:20,440 --> 00:27:23,279
where you think that you can retreat into the fantasy

464
00:27:23,319 --> 00:27:24,759
worlds and just whine and bitch all day.

465
00:27:28,440 --> 00:27:32,799
Speaker 2: Adding up the trians of investment in America and the

466
00:27:32,960 --> 00:27:36,759
United States, and it's also reported today in the papers

467
00:27:36,880 --> 00:27:40,640
that Saudi Arabia will be investing at least six hundred

468
00:27:40,720 --> 00:27:43,720
billion dollars in America. But I'll be asking the Crown Prince,

469
00:27:43,720 --> 00:27:47,000
who's a fantastic guy, to round it out to around

470
00:27:47,079 --> 00:27:49,200
one tree. And I think they'll do that because we've

471
00:27:49,240 --> 00:27:52,519
been very good to them. And I'm also going to

472
00:27:52,640 --> 00:27:55,720
ask Saudi Arabia and Opek to bring down the cost

473
00:27:55,799 --> 00:27:56,200
of oil.

474
00:27:56,400 --> 00:27:57,400
Speaker 3: You got to bring it down.

475
00:27:58,240 --> 00:27:58,359
Speaker 2: Now.

476
00:27:59,400 --> 00:28:01,440
Speaker 3: This is interesting that he mentioned this because this is

477
00:28:01,519 --> 00:28:04,079
part of the debate on Twitter in regard to the

478
00:28:04,160 --> 00:28:06,240
Middle East and the British Empire and oil in Israel,

479
00:28:07,680 --> 00:28:14,839
because I don't recall all the details, but it's Ngdahl

480
00:28:14,960 --> 00:28:18,599
has a great analysis, a great chapter explaining how the

481
00:28:19,200 --> 00:28:24,079
nineteen seventies oil crisis was organized by Kissinger at Bieberg

482
00:28:24,920 --> 00:28:28,960
via Opek to essentially set up the petro dollar. But

483
00:28:29,039 --> 00:28:32,920
the petro dollar is based on this globalized oil market

484
00:28:33,440 --> 00:28:38,559
that relies on places like Saudi Arabia. So my assumption

485
00:28:38,759 --> 00:28:44,519
being that that allows a lot of control for that

486
00:28:44,640 --> 00:28:47,200
we help. This is part of how we control Saudi Arabia,

487
00:28:48,000 --> 00:28:49,440
and that the deal is that we buy the oil

488
00:28:49,519 --> 00:28:54,079
from them, but we don't need that right, we could

489
00:28:54,119 --> 00:28:56,799
have been completely energy independent. We don't have to. But

490
00:28:56,920 --> 00:29:00,519
this is all architect This is all organized set up

491
00:29:00,599 --> 00:29:05,160
by global elites in that architecture of control, creating an

492
00:29:05,240 --> 00:29:10,559
intentional empire where the American economy is outsourced. It has

493
00:29:10,640 --> 00:29:14,640
turned into a service based economy except for tech. That's

494
00:29:14,640 --> 00:29:17,920
the only thing that was allowed to remain. And then

495
00:29:17,960 --> 00:29:19,799
we rely on all this stuff that we don't even

496
00:29:19,880 --> 00:29:22,720
need to rely on. But that was all done on purpose,

497
00:29:22,920 --> 00:29:27,759
because of a fabian socialist technocrat agenda to create a

498
00:29:28,119 --> 00:29:36,839
world globalized market in society, global citizens. But it's done

499
00:29:36,880 --> 00:29:41,079
by design. And so when Kissinger is doing all this,

500
00:29:41,559 --> 00:29:43,519
he's doing this at the behest of the people who

501
00:29:43,599 --> 00:29:46,440
recruited him and put him in that position. The Rockfaller

502
00:29:46,519 --> 00:29:51,519
family on record by design admitted one hundred times over

503
00:29:51,799 --> 00:29:56,279
in the writings, so we know that whatever he's engineering

504
00:29:56,359 --> 00:29:59,200
has nothing to do with what's good for the West

505
00:29:59,440 --> 00:30:03,799
or Nation States. They moved the West out of a

506
00:30:03,960 --> 00:30:07,799
production economy. That was that was decided upon the nineteen

507
00:30:07,880 --> 00:30:12,839
twenties at Pratt House, at the creation of the Council

508
00:30:12,880 --> 00:30:16,319
form Relations. They decided, we want an American imperium and

509
00:30:16,359 --> 00:30:18,839
we're going to get rid of the isolationists. That was

510
00:30:18,920 --> 00:30:21,400
part of the reason for the wars, because we had

511
00:30:21,440 --> 00:30:26,400
to be involved in these European conflicts by design. And

512
00:30:26,480 --> 00:30:30,640
that was what the Milner Fabian circles decided when they

513
00:30:30,839 --> 00:30:33,799
sent the British, the British spies to set up the

514
00:30:33,880 --> 00:30:36,240
OSS and the CIA. That would be the means by

515
00:30:36,279 --> 00:30:40,559
which America would be underneath a shadow government and not

516
00:30:40,680 --> 00:30:45,599
the elected officials. So people expect that, oh, we're going

517
00:30:45,680 --> 00:30:47,440
to have like Trump's going to save the day, or

518
00:30:47,519 --> 00:30:49,960
he's a villain. If he doesn't do everything perfectly, or

519
00:30:50,000 --> 00:30:52,440
if everything doesn't happen right away, then they're all villains

520
00:30:52,440 --> 00:30:54,640
and they're all fakes, and it's all compromised. Look, the

521
00:30:54,720 --> 00:30:58,079
whole world of politics is compromised. That's it. That's how

522
00:30:58,160 --> 00:30:59,039
it functions.

523
00:31:00,720 --> 00:31:01,759
Speaker 4: It's the out of the deal.

524
00:31:02,279 --> 00:31:06,920
Speaker 3: Now. If Fabian socialism and all this nonsense, it took

525
00:31:06,960 --> 00:31:09,039
one hundred plus years to get America to where it

526
00:31:09,200 --> 00:31:13,240
is down the drain. It's gonna be a hard way

527
00:31:13,759 --> 00:31:16,279
and probably a long time to get out of that.

528
00:31:16,720 --> 00:31:20,240
It is possible, but you're gonna have to deal with

529
00:31:20,319 --> 00:31:22,119
the Federal Reserve. You're gonna have to deal with that

530
00:31:22,480 --> 00:31:26,400
entity which controls and destroys the currency and the country primarily,

531
00:31:27,279 --> 00:31:30,920
and the idea of bringing back industry and this kind

532
00:31:30,920 --> 00:31:33,000
of stuff, which is what Trump's trying to do. So

533
00:31:34,079 --> 00:31:35,680
he's saying a lot of the right things, a lot

534
00:31:35,720 --> 00:31:37,680
of the right rhetic rhetoric. The first few days we

535
00:31:37,799 --> 00:31:43,880
have a much stronger presence in executive order roll out

536
00:31:44,519 --> 00:31:46,559
than anything close to what we had in the first

537
00:31:46,599 --> 00:31:49,920
four years of Trump. So it remains to be seen.

538
00:31:50,079 --> 00:31:55,039
But it doesn't really matter whether Trump himself is ultimately

539
00:31:55,960 --> 00:31:57,920
a bad guy or a good guy. It's just so

540
00:31:58,200 --> 00:32:00,920
annoying and all everybody ever wants to do is debate

541
00:32:02,000 --> 00:32:07,240
individuals and their motives. Get away from that mindset. That's

542
00:32:07,279 --> 00:32:10,319
why people lose all the debates that they have with me,

543
00:32:10,519 --> 00:32:12,960
for example. They always want to make it a personal thing.

544
00:32:13,000 --> 00:32:14,640
They want to make it about this or that. None

545
00:32:14,680 --> 00:32:17,240
of that has anything to do with the issues and

546
00:32:17,599 --> 00:32:23,680
the reality on the ground. So it's probably going to

547
00:32:23,680 --> 00:32:27,599
be decades before we undo a lot of these evil

548
00:32:27,680 --> 00:32:31,119
actions of the global elite, and it's going to be

549
00:32:31,200 --> 00:32:33,640
decades before we move over to the window back in

550
00:32:33,680 --> 00:32:35,920
the other direction, where more and more things can be

551
00:32:36,039 --> 00:32:40,880
talked about that. You still probably can't talk about Jay.

552
00:32:40,920 --> 00:32:42,759
Have you done it analysis the movie The Good Shepherd.

553
00:32:43,680 --> 00:32:46,160
I think we've talked about it on some live streams,

554
00:32:46,200 --> 00:32:48,279
but I haven't done a total breakdown. It's a really

555
00:32:48,640 --> 00:32:51,480
I mean, it's good. It's kind of accurate about the

556
00:32:51,519 --> 00:32:54,000
history of the OSS and Yale University and Skull and

557
00:32:54,079 --> 00:32:57,880
Bones and how the early people recruited in the OSS,

558
00:32:58,200 --> 00:32:59,839
that it was set up by British intelligence. All that's

559
00:33:00,119 --> 00:33:02,400
the movie. And you even have the skull and Bones,

560
00:33:02,519 --> 00:33:04,319
like you know, peeing on each other and all the

561
00:33:04,359 --> 00:33:11,400
weird hamo erotic stuff. But uh, it's also a pretty

562
00:33:11,440 --> 00:33:15,079
boring movie. Light two dollars. What do you think of

563
00:33:15,079 --> 00:33:17,559
Albert Parke's World War II prediction? I think it's probably

564
00:33:17,599 --> 00:33:18,160
not authentic.

565
00:33:18,880 --> 00:33:21,680
Speaker 2: We'll frankly, I'm surprised they didn't do before the election.

566
00:33:21,839 --> 00:33:24,480
That didn't show a lot of love by them not

567
00:33:24,599 --> 00:33:27,240
doing it. I was a little surprised by that if

568
00:33:27,319 --> 00:33:30,759
the price came down, the Russia Ukraine war would end immediately.

569
00:33:31,559 --> 00:33:33,720
Right now, the price is high enough that that war

570
00:33:33,799 --> 00:33:35,960
will continue. You've got to bring down the oil price.

571
00:33:36,000 --> 00:33:38,400
You're going to end that war. They should have done

572
00:33:38,440 --> 00:33:42,839
it long ago. They're very responsible actually to a certain extent,

573
00:33:42,960 --> 00:33:46,119
for what's taking place. Millions of lives are being lost

574
00:33:46,759 --> 00:33:49,920
with oil prices going down. I'll demand that interest rates

575
00:33:50,000 --> 00:33:53,240
drop immediately, and likewise they should be dropping all over

576
00:33:53,319 --> 00:33:53,680
the world.

577
00:33:53,839 --> 00:33:56,640
Speaker 1: Interest rates should follow us all over.

578
00:33:56,839 --> 00:34:00,799
Speaker 2: The progress that you're seeing is happening because of our

579
00:34:00,960 --> 00:34:05,160
historic victory in a recent presidential election, one that has

580
00:34:05,279 --> 00:34:08,239
become quite well known throughout the world. I think a

581
00:34:08,320 --> 00:34:10,320
lot of things are happening to a lot of countries.

582
00:34:10,800 --> 00:34:13,599
They say that there's light shining all over the world

583
00:34:13,719 --> 00:34:17,519
since the election, and even countries that we aren't particularly

584
00:34:17,639 --> 00:34:22,920
friendly with are happy because they understand what there is

585
00:34:23,000 --> 00:34:25,440
a future and how great the future will be under

586
00:34:25,480 --> 00:34:26,159
our leadership.

587
00:34:26,679 --> 00:34:29,000
Speaker 1: America is back and open for business.

588
00:34:29,159 --> 00:34:32,360
Speaker 2: And this week I'm also taking swift action to stop

589
00:34:32,440 --> 00:34:35,880
the invasion at our southern border. They allowed people to

590
00:34:35,960 --> 00:34:38,639
come in at levels that nobody's ever seen before.

591
00:34:38,639 --> 00:34:43,119
Speaker 1: It was ridiculous. I decided and declared to do.

592
00:34:44,920 --> 00:34:48,440
Speaker 2: And very very importantly, and national emergency on our border

593
00:34:48,519 --> 00:34:52,440
immediately halted all entry of illegal border crossers.

594
00:34:53,320 --> 00:34:55,599
Speaker 3: So this is all pretty good. I mean, hope hopefully

595
00:34:55,679 --> 00:35:00,760
this all do something. I mean, remember when a Chuck Schumer.

596
00:35:00,800 --> 00:35:05,400
So there's eleven million. I mean, can we is that

597
00:35:05,599 --> 00:35:09,440
possible to to port? I mean, I don't know what's

598
00:35:09,480 --> 00:35:11,800
going on? And then you have all these missing young people.

599
00:35:12,519 --> 00:35:15,920
You can guess what I'm talking about that Lord Boldemort's

600
00:35:15,960 --> 00:35:18,760
been talking about. I mean, hopefully we can get on

601
00:35:18,840 --> 00:35:21,599
all of this. I mean, what's the purpose of the

602
00:35:21,639 --> 00:35:23,480
military if it is not to do that? I mean,

603
00:35:23,519 --> 00:35:25,400
that's the whole purpose of having the military is this

604
00:35:25,559 --> 00:35:29,400
kind of stuff. So it's not to be a world

605
00:35:29,480 --> 00:35:34,400
empire fighting for the fortune one hundred and for certain

606
00:35:34,440 --> 00:35:37,239
countries in the Middle East to do everyone else's bidding.

607
00:35:37,519 --> 00:35:39,719
So that's not the purpose of our military.

608
00:35:40,519 --> 00:35:45,000
Speaker 2: So many and again properly returning the illegal trespasses back

609
00:35:45,039 --> 00:35:47,840
to the place from which they came. That action, as

610
00:35:47,920 --> 00:35:51,800
you've probably seen, has already started very strongly. Have deployed

611
00:35:52,519 --> 00:35:56,079
active duty US military and National Guide troops to the

612
00:35:56,159 --> 00:35:59,599
border to assist in repelling the invasion.

613
00:35:59,679 --> 00:36:02,840
Speaker 1: It was really an invasion. We will not allow our

614
00:36:02,960 --> 00:36:04,559
territory to be violated.

615
00:36:04,719 --> 00:36:08,960
Speaker 2: After four long years, the United States is strong and

616
00:36:09,679 --> 00:36:13,199
sovereign and a beautiful nation. Once again, it's a strong

617
00:36:13,800 --> 00:36:17,840
sovereign nation in addition on police to report that America

618
00:36:17,960 --> 00:36:21,199
is also a free nation once again. When day one,

619
00:36:21,280 --> 00:36:24,920
I signed an executive order to stop all government censorship.

620
00:36:25,400 --> 00:36:28,440
No longer will our government label the speech of our

621
00:36:28,480 --> 00:36:32,239
own citizens as misinformation or disinformation.

622
00:36:34,440 --> 00:36:38,599
Speaker 3: Now everyone's going to say, except for Middle Eastern countries,

623
00:36:38,840 --> 00:36:44,320
that applies now. Again. Not everything is going to happen immediately.

624
00:36:44,559 --> 00:36:47,639
You're not going to get everything that you want in politics,

625
00:36:47,920 --> 00:36:51,920
day one, people have to make compromises. I'm not saying

626
00:36:51,960 --> 00:36:55,440
that's good. We're not talking about ethics and good and bad.

627
00:36:55,559 --> 00:36:58,000
This is what a lot of immature, low tier people

628
00:36:58,159 --> 00:37:02,599
do when they analyze geopology, tics, or even politics. They

629
00:37:02,719 --> 00:37:05,280
think of it in a very simplistic good guy, bad

630
00:37:05,360 --> 00:37:09,039
guy way, and everything is all or nothing. So there's

631
00:37:09,079 --> 00:37:11,119
no such thing as compromised. There's no such thing as

632
00:37:11,159 --> 00:37:15,119
getting fifty percent of your agenda, don twenty percent, eighty percent.

633
00:37:15,280 --> 00:37:17,800
It's either all or nothing. You either get everything done

634
00:37:17,840 --> 00:37:20,519
and you do everything perfectly, or you're all co opted

635
00:37:20,599 --> 00:37:23,559
part of the vast malicious conspiracy. You're all evil. People

636
00:37:23,719 --> 00:37:27,280
are a spectrum, okay, and they're all on the spectrum,

637
00:37:27,320 --> 00:37:29,079
and all of you and the audience are on the spectrum,

638
00:37:29,159 --> 00:37:32,440
just joking. People are a spectrum. They're not all bad

639
00:37:32,559 --> 00:37:35,519
and they're not all good. Some people are way more

640
00:37:35,639 --> 00:37:38,360
malicious and evil than they are virtuous, since some people

641
00:37:38,360 --> 00:37:40,679
are way more virtuous than they are evil or malicious,

642
00:37:40,760 --> 00:37:44,960
So there's a vast spectrum here. But many people in

643
00:37:45,039 --> 00:37:47,639
the alternative media, in the conspiracy world, for them, everything

644
00:37:47,760 --> 00:37:50,239
is black and white, everything is purity spiraling. Everything is

645
00:37:50,320 --> 00:37:55,280
you either do and say everything that our group over

646
00:37:55,320 --> 00:37:57,840
here thinks is the perfect way to do it, or

647
00:37:57,920 --> 00:38:02,840
you're compromised and you're evil. And again, in the real world,

648
00:38:02,880 --> 00:38:09,159
it's not that way. Even just from our philosophy of ethics,

649
00:38:10,239 --> 00:38:13,199
we know that not everybody is completely malicious and evil,

650
00:38:14,679 --> 00:38:16,559
and so it's almost kind of a gnostic man of

651
00:38:16,639 --> 00:38:19,920
Keenan mindset that you're either in my pure group of

652
00:38:20,159 --> 00:38:25,920
the children of light, or you're in the duality opposite

653
00:38:26,599 --> 00:38:29,840
dialectic of all the suns of darkness, right, and that's it.

654
00:38:30,159 --> 00:38:33,440
There's no such thing as people who are virtuous but

655
00:38:33,519 --> 00:38:36,920
have some vices, or full of vice but have maybe

656
00:38:36,960 --> 00:38:40,440
one or two virtues. So I think it's better to

657
00:38:40,519 --> 00:38:43,320
stop thinking of everything in terms of these all or

658
00:38:43,360 --> 00:38:46,760
nothing situations. It's also really immature and stupid to think

659
00:38:46,800 --> 00:38:50,079
about everyone in media or everybody in the alternative media

660
00:38:50,519 --> 00:38:53,639
being agents and being part of a conspiracy. That's really stupid.

661
00:38:53,679 --> 00:38:57,599
It's not even necessary. For example, remember the vegan stuff,

662
00:38:57,639 --> 00:39:01,159
Remember that was being promoted, and Tristan called attention to

663
00:39:01,239 --> 00:39:02,880
this a while back, and he had a great point,

664
00:39:02,920 --> 00:39:05,960
which was, you didn't you didn't have to have people

665
00:39:06,000 --> 00:39:10,440
recruited into some network and you know, made agents or

666
00:39:10,480 --> 00:39:12,599
something like that. You only had to have like a

667
00:39:12,679 --> 00:39:16,599
few thousand dollars given to these idiot YouTuber influencers to

668
00:39:16,800 --> 00:39:20,079
push veganism. And like he was using examples of like

669
00:39:20,159 --> 00:39:23,880
Earthling Ad and these kinds of people who Saudi billionaires

670
00:39:23,920 --> 00:39:26,840
were giving i don't know, two thousand, five thousand dollars

671
00:39:26,920 --> 00:39:27,840
too or whatever it was.

672
00:39:27,960 --> 00:39:31,840
Speaker 4: To allegedly allegedly.

673
00:39:31,800 --> 00:39:36,400
Speaker 3: To promote you know, veganism and this kind of diet stuff.

674
00:39:37,199 --> 00:39:41,239
And remember well I won't talk about that, but koof

675
00:39:41,440 --> 00:39:49,599
times we had similar stuff. So things are a little

676
00:39:49,719 --> 00:39:53,800
i would say, simpler a lot of times than people

677
00:39:53,960 --> 00:39:58,400
in the conspiracy alternative media world. They overanalyze and everything

678
00:39:58,840 --> 00:40:03,519
is seen as six hundred sixty six dimensional chess, which

679
00:40:03,519 --> 00:40:05,480
is precisely why some of those people fell for that

680
00:40:05,679 --> 00:40:10,599
Q nonsense, which was idiotic, because these people are not

681
00:40:10,760 --> 00:40:14,039
all operating at every second on a six hundred and

682
00:40:14,039 --> 00:40:17,119
sixty six dimensional chess move, okay.

683
00:40:18,880 --> 00:40:22,119
Speaker 2: Which your favorite work of sensors and those who wish

684
00:40:22,239 --> 00:40:26,239
to stop the free exchange of ideas and frankly progress,

685
00:40:27,079 --> 00:40:30,920
we have saved free speech in America and was really

686
00:40:30,960 --> 00:40:33,960
paying the difference at that time, and it was unfair

687
00:40:34,039 --> 00:40:36,760
to the United States, but many, many things have been

688
00:40:36,920 --> 00:40:41,039
unfair for many years to the United States. Before even

689
00:40:41,159 --> 00:40:44,800
taking office, my team negotiated a ceasefire agreement in the

690
00:40:44,840 --> 00:40:48,639
Middle East, which wouldn't have happened without us, as I

691
00:40:48,719 --> 00:40:51,400
think most of the people in the room now. Earlier

692
00:40:51,480 --> 00:40:55,519
this week, the hostages began to return to their families.

693
00:40:55,639 --> 00:40:58,880
They are returning and it's a beautiful site and they'll

694
00:40:58,880 --> 00:40:59,760
be coming in more.

695
00:40:59,800 --> 00:41:02,599
Speaker 1: And or they started coming back on Sunday.

696
00:41:03,119 --> 00:41:06,000
Speaker 2: Our efforts to secure a peace settlement between Russia and

697
00:41:06,199 --> 00:41:06,960
Ukraine are.

698
00:41:07,400 --> 00:41:10,760
Speaker 1: Now hopefully under By skipping a term, I would get

699
00:41:10,800 --> 00:41:11,320
the Olympics.

700
00:41:11,360 --> 00:41:12,039
Speaker 6: I was upset.

701
00:41:12,239 --> 00:41:14,599
Speaker 2: I said, you know, I got the Olympics to come,

702
00:41:14,679 --> 00:41:17,039
and I thank everybody for being with you.

703
00:41:17,079 --> 00:41:17,960
Speaker 1: I would have been there.

704
00:41:17,840 --> 00:41:25,880
Speaker 7: Myself to see you. We are Book of the Mark Armies.

705
00:41:26,840 --> 00:41:28,159
Speaker 3: Was that all there was to it? I thought there

706
00:41:28,239 --> 00:41:31,440
was more to this. Let me see does he come

707
00:41:31,519 --> 00:41:32,360
back and we'll see.

708
00:41:35,360 --> 00:41:44,719
Speaker 8: So also, connel with some of the most distinguished business

709
00:41:44,800 --> 00:41:46,079
people in the world.

710
00:41:46,639 --> 00:41:50,039
Speaker 1: Let me start with someone that you know really well,

711
00:41:50,519 --> 00:41:52,360
that I think is almost.

712
00:41:52,079 --> 00:41:57,800
Speaker 9: A neighbor of you in Malorado and in Florida, mister

713
00:41:58,119 --> 00:42:02,960
Steve Schwartzman, Chairman, CEO and co formder Blackstone Group.

714
00:42:03,400 --> 00:42:09,000
Speaker 1: So Steve Floris yours well, mister President.

715
00:42:10,840 --> 00:42:13,880
Speaker 2: I'm sure the Crown Prince of Saudi Arabia will be

716
00:42:14,000 --> 00:42:15,320
really glad you gave.

717
00:42:15,280 --> 00:42:25,480
Speaker 1: This speech today. You've had the busiest for the EU

718
00:42:26,480 --> 00:42:27,760
ways that it takes.

719
00:42:28,079 --> 00:42:29,920
Speaker 2: And I'm going to give you a quick little example

720
00:42:30,480 --> 00:42:33,360
in the private life, my beautiful private life. Before I

721
00:42:33,400 --> 00:42:37,159
had all these things happening, the world is a little different,

722
00:42:37,679 --> 00:42:38,000
all right.

723
00:42:38,320 --> 00:42:40,199
Speaker 3: So a twenty minute speech and then Q and A.

724
00:42:40,280 --> 00:42:41,679
I'm not gonna do all this Q and A. That's

725
00:42:41,800 --> 00:42:49,400
gonna put me to sleep with this boomer stuff. By

726
00:42:49,400 --> 00:42:51,719
the way, I'm still kind of sick. So if you

727
00:42:51,800 --> 00:42:54,800
see me blow my nose like that guy that commented, Oh,

728
00:42:54,880 --> 00:42:55,440
we got him.

729
00:42:55,440 --> 00:42:57,840
Speaker 4: Who's a coked. Who's a coked.

730
00:42:58,599 --> 00:43:03,400
Speaker 3: It's called espresso doll, and it's called having a coal man.

731
00:43:05,320 --> 00:43:05,519
Speaker 8: I like.

732
00:43:05,599 --> 00:43:09,320
Speaker 3: See, that's a great example, right, So if I sniff

733
00:43:09,400 --> 00:43:14,880
a lot and if I blow my nose, that clearly

734
00:43:15,000 --> 00:43:18,880
must be that he's some sort of cokehead. When everybody

735
00:43:19,000 --> 00:43:22,039
watched these streams knows that I have terrible allergies and

736
00:43:22,159 --> 00:43:25,239
I had a coal for the last two weeks and

737
00:43:25,320 --> 00:43:28,280
it's messed up my impressions. So you see, you'll notice

738
00:43:28,320 --> 00:43:32,400
then the default to assuming the worst about people. And

739
00:43:33,079 --> 00:43:35,480
while we should have, as the actually the saints and

740
00:43:35,559 --> 00:43:42,320
elders talk about this, we should have a discerning, reserved

741
00:43:42,599 --> 00:43:45,039
attitude about a lot of things, especially in the modern world.

742
00:43:46,039 --> 00:43:49,679
To be overly suspicious and to assume everyone is malicious

743
00:43:49,840 --> 00:43:53,320
is actually a demonic attitude. So keep that in mind

744
00:43:54,039 --> 00:43:57,199
that it's actually the work of the demons to get

745
00:43:57,239 --> 00:44:00,920
you to think that everyone's malicious and everyone's evil and

746
00:44:00,920 --> 00:44:02,639
everyone's out to get you. And the ultimate end of

747
00:44:02,679 --> 00:44:06,599
that is like some sort of paranoid schizophrenia. So that's

748
00:44:06,880 --> 00:44:12,039
the extreme result of the of the idea that everyone's evil,

749
00:44:12,119 --> 00:44:14,639
everyone's bad. Everyone's out to get you, everyone's scamming you,

750
00:44:14,679 --> 00:44:17,920
everyone's lying to you. I mean literally, the most extreme

751
00:44:18,000 --> 00:44:22,119
version of that is a hardcore mental disorder. This is

752
00:44:22,199 --> 00:44:27,280
why people have tended to say about conspiracy theorists that

753
00:44:27,599 --> 00:44:33,400
they have this problem. And although not every conspiracy theorist

754
00:44:33,400 --> 00:44:36,599
has this problem, you could see how an extreme version

755
00:44:36,639 --> 00:44:38,840
of that could lead to that delusion. And it is

756
00:44:38,920 --> 00:44:42,000
a delusion. It's a spiritual delusion because it doesn't match

757
00:44:42,079 --> 00:44:45,199
up to reality. Not everyone is out to get you,

758
00:44:45,360 --> 00:44:48,519
not everyone is a scammer, not everyone is malicious, not

759
00:44:48,639 --> 00:44:51,320
everyone's evil, Not everyone's part of a bass conspiracy to

760
00:44:51,519 --> 00:44:55,320
screw you over and keep you working at Pizza Hut

761
00:44:56,599 --> 00:45:02,719
or Walmart. There are conspiracies, there are problems in the world.

762
00:45:02,760 --> 00:45:08,320
There are espionage entities working to subvert there are corporate spies,

763
00:45:08,400 --> 00:45:11,920
there are CIA operatives, but they don't run everything in

764
00:45:11,960 --> 00:45:12,239
the world.

765
00:45:12,239 --> 00:45:12,880
Speaker 6: They're not God.

766
00:45:13,440 --> 00:45:16,760
Speaker 3: And so it's just really stupid, and it's you are

767
00:45:16,840 --> 00:45:20,840
your own worst enemy when you allow conspiracy theories and

768
00:45:21,039 --> 00:45:25,559
dark topics and subjects to dominate your thought process. And

769
00:45:27,840 --> 00:45:30,280
just keep that in mind. And Tony sends five pounds.

770
00:45:30,320 --> 00:45:33,440
I'm new to bitcoin. The EU will shortly come after

771
00:45:33,599 --> 00:45:36,920
self custody and while it's in exchanges on the basis

772
00:45:37,000 --> 00:45:39,519
of privacy. Do you have advice for those in the

773
00:45:39,559 --> 00:45:43,800
EU or companies that you know working us EU. I

774
00:45:43,920 --> 00:45:46,719
don't know about EU stuff or what they're going to

775
00:45:46,880 --> 00:45:48,880
try to do, but I would say go ahead and

776
00:45:48,920 --> 00:45:51,239
stack as much as you can and move it to

777
00:45:51,440 --> 00:45:56,760
a cold, cold storage before they try to do all that.

778
00:45:57,360 --> 00:45:59,679
But even if they do put into into play a

779
00:45:59,719 --> 00:46:04,679
lot of KYC, I mean, you can still try to

780
00:46:04,960 --> 00:46:07,480
keep buying it. Now, this guy had a great This

781
00:46:07,679 --> 00:46:10,360
was actually a really genius I don't think he came

782
00:46:10,440 --> 00:46:12,920
up with it, but somebody told him about this. And

783
00:46:13,559 --> 00:46:15,800
if you think about it, wait a minute, this is

784
00:46:15,880 --> 00:46:19,719
actually pretty genius and it's kind of obvious. I don't

785
00:46:19,719 --> 00:46:21,519
know why nobody even thought of it. Probably people did

786
00:46:21,599 --> 00:46:24,119
think of this, But what he says here in these

787
00:46:24,159 --> 00:46:30,400
first couple of minutes is a interesting thing to keep

788
00:46:30,440 --> 00:46:33,400
in mind. This was an interesting when I saw.

789
00:46:36,039 --> 00:46:39,199
Speaker 10: This was an interesting thing that I saw today. He's

790
00:46:39,280 --> 00:46:39,920
on Twitter.

791
00:46:43,480 --> 00:46:45,000
Speaker 3: And it said, did you know.

792
00:46:47,239 --> 00:46:51,239
Speaker 10: You can put bitcoin on a wallet and just hand

793
00:46:51,320 --> 00:46:53,960
that wallet over to somebody with the pen as a

794
00:46:54,039 --> 00:46:55,840
form of payment with no taxes.

795
00:46:58,400 --> 00:47:03,239
Speaker 3: Did you catch that? Now you're responsible for what you report.

796
00:47:03,440 --> 00:47:06,199
I'm not telling you to do anything illegal, but it's

797
00:47:06,320 --> 00:47:10,639
kind of the same principle as cash payments. Right, somebody

798
00:47:10,719 --> 00:47:12,880
works for you, you pay them in cash.

799
00:47:13,239 --> 00:47:13,360
Speaker 8: Right.

800
00:47:16,559 --> 00:47:20,679
Speaker 3: Hello, do you guys get what he's saying? And it said,

801
00:47:21,039 --> 00:47:21,360
did you.

802
00:47:21,440 --> 00:47:27,480
Speaker 10: Know you can put bitcoin on a wallet and just

803
00:47:27,559 --> 00:47:30,360
hand that wallet over to somebody with the pen as

804
00:47:30,400 --> 00:47:32,400
his form of payments with no taxes?

805
00:47:35,679 --> 00:47:35,920
Speaker 6: Hello?

806
00:47:37,519 --> 00:47:40,119
Speaker 3: Now, I'm not telling you to do that, and I

807
00:47:40,280 --> 00:47:45,519
pay crazy ass taxes every year, but it's no different

808
00:47:45,639 --> 00:47:51,480
than cash payment. JV three two dollars. Hey, Jamie, triple espresso.

809
00:47:53,039 --> 00:47:55,639
Give it to Jay now he needs it. I've had

810
00:47:55,719 --> 00:47:57,920
quite a few espressos today. Jamie's not here right now,

811
00:47:58,039 --> 00:48:02,480
so maybe ghost of Jamie could bring me an expresso.

812
00:48:04,519 --> 00:48:06,559
Nathan kurt sins five dollars. When was the last time

813
00:48:06,599 --> 00:48:11,920
you watched Wanted? Is that that one with? Is it

814
00:48:12,039 --> 00:48:20,320
James McAvoy and Angelina Joe Lee. It's a fun, dumb

815
00:48:20,400 --> 00:48:24,119
movie with MK assassin's and prominent Christian symbolism. It's a

816
00:48:24,239 --> 00:48:28,239
reddit nerd nerd rage movie. Yeah, it has probably been

817
00:48:28,280 --> 00:48:30,000
about ten years since I watch it, but I do

818
00:48:30,159 --> 00:48:32,760
remember some of those themes. Maybe that's something that we

819
00:48:32,840 --> 00:48:37,079
should check out again. Brandon gear Since five dollars, what's

820
00:48:37,079 --> 00:48:39,239
the correct response to seculars who try to say in

821
00:48:39,280 --> 00:48:42,679
guilt of Christians by saying, if Jesus is now here

822
00:48:42,840 --> 00:48:48,039
you he wouldn't he would have been deported. Well, it's dumb,

823
00:48:48,159 --> 00:48:52,000
because Jesus is the son of God. So no, the

824
00:48:52,079 --> 00:48:57,360
son of God has authority both spiritually and timborely above

825
00:48:57,480 --> 00:49:01,559
any president or ruler, but it has nothing to do

826
00:49:01,960 --> 00:49:06,880
so Israel had laws for visitors, for foreigners, and it

827
00:49:07,000 --> 00:49:11,360
had laws for maintaining the nation state. So it's really

828
00:49:11,519 --> 00:49:16,000
ignorance when leftists try to use the Bible or anything

829
00:49:16,159 --> 00:49:21,159
like this for no borders. I mean, it's just nonsense.

830
00:49:21,199 --> 00:49:26,159
It's completely idiotic, and it's totally ignorant of history. I mean,

831
00:49:26,239 --> 00:49:28,159
why would there be so many laws about how to

832
00:49:28,199 --> 00:49:30,400
treat the foreigners and you have to actually treat them fairly.

833
00:49:31,000 --> 00:49:33,599
The foreigner can't come into your land and do whatever

834
00:49:33,679 --> 00:49:35,880
he wants, like he can't come and start setting up

835
00:49:35,960 --> 00:49:40,320
worship of demons or whatever. But you can't just automatically,

836
00:49:40,519 --> 00:49:42,280
you know, get rid of them, or you have to

837
00:49:42,360 --> 00:49:46,840
treat them in a fair way. But that's presupposing that

838
00:49:47,119 --> 00:49:51,400
there is knowledge of and legal migration of those people.

839
00:49:51,800 --> 00:49:55,039
There's nothing in the notion of nation states. No nation

840
00:49:55,199 --> 00:49:59,960
state or empire in history has allowed unmitigated open borders

841
00:50:00,800 --> 00:50:04,079
that has always led to the collapse of countries. So

842
00:50:04,360 --> 00:50:07,599
it's just nonsense to think that the Bible somehow vindicates

843
00:50:07,679 --> 00:50:11,440
open borders when the entire history of Biblical history is

844
00:50:11,519 --> 00:50:16,559
based on legal theory that backs up nation states, empires,

845
00:50:16,599 --> 00:50:20,599
and civilization. It's total nonsense. In fact, all today's laws,

846
00:50:21,840 --> 00:50:25,440
like legal theory about borders and whatnot, comes out of

847
00:50:25,679 --> 00:50:30,000
Church law, comes out of biblical law, that is Western civilization.

848
00:50:31,239 --> 00:50:34,679
So all you have to do is just bury the

849
00:50:34,800 --> 00:50:41,039
leftist in his ignorance and idiocy by pointing out basic facts.

850
00:50:46,719 --> 00:50:51,360
I think I hit all the super chests there. Let's see,

851
00:50:51,480 --> 00:50:56,840
multiple people bought new memberships. Let's see or no, maybe

852
00:50:56,960 --> 00:51:02,119
did they didn't? End I miss that Holly is a member.

853
00:51:02,280 --> 00:51:07,800
Richard Lozano bought five memberships. I appreciate that. So we

854
00:51:07,880 --> 00:51:10,199
got twenty one new members. I'm about I'm at about

855
00:51:10,239 --> 00:51:13,880
two hundred members now, which is pretty crazy for you know,

856
00:51:14,000 --> 00:51:18,800
the last week and a half two weeks of being monetized.

857
00:51:19,760 --> 00:51:22,039
All right, so I remember, I'll be live tonight with

858
00:51:22,639 --> 00:51:27,559
stand up comedian Danny pouliz Shuk on his Low Value

859
00:51:27,719 --> 00:51:31,840
Male podcast at ten pm Eastern, and we're gonna get

860
00:51:31,840 --> 00:51:34,039
it over here to now. I thought about covering this,

861
00:51:34,199 --> 00:51:37,800
but it's off topic. But there ain't no way this

862
00:51:38,159 --> 00:51:47,079
goofy white woman stumbled into Mohammed and the Qur'an all

863
00:51:47,119 --> 00:51:51,679
this nonsense. This is a great example of in my opinion,

864
00:51:51,760 --> 00:51:53,880
I don't have proof of this, but my opinion is

865
00:51:54,000 --> 00:51:57,079
people that are like this woman that suddenly start promoting

866
00:51:57,239 --> 00:52:02,000
Islam or like the Tates did. They in my opinion, allegedly,

867
00:52:02,400 --> 00:52:05,480
they probably are paid to do this, So I don't

868
00:52:05,519 --> 00:52:11,639
know who. Maybe my suspicion is Saudi's are actually really

869
00:52:11,760 --> 00:52:14,280
paying and promoting a lot of the Salafi Islam all

870
00:52:14,320 --> 00:52:19,199
over the internet. They're probably putting money into it, and

871
00:52:19,320 --> 00:52:22,639
that's why so many of the apologists of Islam or

872
00:52:22,679 --> 00:52:27,159
all of these solofis like Jake and Daniel or whoever.

873
00:52:29,119 --> 00:52:32,400
But there's no way this goofuss woman here came to

874
00:52:32,480 --> 00:52:36,559
the conclusion on her own that Mohammed is prophesied in

875
00:52:36,639 --> 00:52:38,000
the Bible in the Book of John. I mean, you

876
00:52:38,119 --> 00:52:42,079
have to be completely ignorant to think that the passages

877
00:52:42,079 --> 00:52:45,400
about the Comforter in the Book of John are which

878
00:52:45,440 --> 00:52:47,840
are obviously about the Holy Spirit, which she just identifies

879
00:52:48,320 --> 00:52:51,280
multiple times over in those passages, that that's about Mohammed.

880
00:52:51,719 --> 00:52:55,079
I mean, this is so dumb that the only way

881
00:52:55,159 --> 00:52:56,920
to pass this off on people is that people are

882
00:52:56,960 --> 00:53:00,559
completely stupid, which is how it works. No way, this

883
00:53:00,719 --> 00:53:04,280
woman studied her way into like she was like, who

884
00:53:04,440 --> 00:53:10,000
is reading the Gospel of John and thanks, oh the Comforter,

885
00:53:10,239 --> 00:53:13,400
the one to come, that's the prop for Mohammed seven

886
00:53:13,480 --> 00:53:14,360
hundred years later.

887
00:53:14,559 --> 00:53:20,559
Speaker 4: This is just mind bogglingly dumb, dude, It's amazing that.

888
00:53:20,639 --> 00:53:28,039
Speaker 3: It even has to be responded to. If the Bible

889
00:53:28,159 --> 00:53:33,239
is corrupted, then it can't predict Mohammed. Dummies, this is

890
00:53:33,320 --> 00:53:35,599
that stupid. But you know this, You know this woman

891
00:53:35,679 --> 00:53:36,519
got paid to push this.

892
00:53:36,559 --> 00:53:40,519
Speaker 4: Stuff, allegedly, allegedly.

893
00:53:40,159 --> 00:53:48,360
Speaker 3: To use the Kat Williams impression fake out. By the way,

894
00:53:48,360 --> 00:53:50,719
if you don't follow me on Twitter, why not get

895
00:53:50,760 --> 00:54:01,079
over here, get over here, son right here. You know

896
00:54:01,199 --> 00:54:04,519
that you know she doesn't know anything, She's ain't No way,

897
00:54:04,559 --> 00:54:08,199
that just no way. She nobody studies their way into

898
00:54:08,280 --> 00:54:12,360
thinking that John fifteen sixteen fourteen ft six you're talking

899
00:54:12,360 --> 00:54:17,119
about Mom is so dumb? Like, what is your opinion

900
00:54:17,239 --> 00:54:21,320
on James Bonds on Her Majesty Secret Service movie and

901
00:54:21,400 --> 00:54:26,079
the similarities to the COUF. I talked about it, in fact,

902
00:54:26,159 --> 00:54:29,880
I've we did podcasts on that ages ago, not about

903
00:54:29,960 --> 00:54:33,440
coof but about stabbys. I think it's in my first

904
00:54:33,519 --> 00:54:37,320
book I talk about that. So you want my opinion

905
00:54:37,400 --> 00:54:44,480
on it? Get esoteric callywood one signed copies. Yeah, exactly.

906
00:54:44,599 --> 00:54:46,800
I think it's a grift for the three zero four's

907
00:54:46,840 --> 00:54:49,199
that are pushing Islam. Now. I think that makes a

908
00:54:49,239 --> 00:54:52,079
lot of sense. Now, let's kick off this next section

909
00:54:53,400 --> 00:54:56,360
with this brief intro, and then we'll get into it.

910
00:54:59,159 --> 00:54:59,880
Speaker 6: With tragedy.

911
00:55:00,559 --> 00:55:06,599
Speaker 11: Because people never had proper economic energy. We tried with gold,

912
00:55:06,800 --> 00:55:09,119
it never quite worked. I can give you a thousand

913
00:55:09,199 --> 00:55:13,400
examples of hyperinflation dating back to five hundred BC of

914
00:55:13,599 --> 00:55:14,920
money not quite working.

915
00:55:15,440 --> 00:55:18,599
Speaker 3: Let me give you an example of low tier stupid

916
00:55:18,639 --> 00:55:22,039
people right now. If I play this Michael Sailor clip,

917
00:55:22,280 --> 00:55:24,320
I want to listen to what he's saying, what his

918
00:55:24,519 --> 00:55:28,440
arguments are. I don't care about Michael Saylor's motives. We're

919
00:55:28,519 --> 00:55:33,239
setting aside motives when we do analysis. So many of

920
00:55:33,320 --> 00:55:36,280
you are not good at debates or arguments or presenting

921
00:55:36,360 --> 00:55:42,920
your position because you can't divorce the situation, the issue,

922
00:55:43,599 --> 00:55:49,079
the topic of debate from the person, and most people

923
00:55:49,239 --> 00:55:53,639
can't do that. But it's a huge disadvantage in life

924
00:55:53,800 --> 00:55:57,320
and to you when you can't do that, because it

925
00:55:57,400 --> 00:55:59,960
means you're going to fall for all the wrong reas

926
00:56:00,519 --> 00:56:04,599
to like or dislike a person or listen to their arguments.

927
00:56:05,119 --> 00:56:07,719
So let's say, for the sake of argument, Michael Saylor

928
00:56:07,880 --> 00:56:13,000
is a total evil, cia operative, malicious person and he's

929
00:56:13,079 --> 00:56:18,440
up to no good. Okay, good, Now, let's hear what

930
00:56:18,559 --> 00:56:21,719
he's arguing and what his position is and why he

931
00:56:21,840 --> 00:56:24,679
thinks this or that, to see if the arguments stand

932
00:56:24,760 --> 00:56:29,840
on their own merit, regardless of his own motivations. Now,

933
00:56:29,960 --> 00:56:31,760
he's going to promote it because he believes in it.

934
00:56:31,920 --> 00:56:34,320
But what if he believes in it for malicious, bad reasons. Okay,

935
00:56:34,440 --> 00:56:37,679
let's say that that's true. Now let's move on too,

936
00:56:38,079 --> 00:56:41,280
whether the arguments are good, whether this makes sense, whether

937
00:56:41,320 --> 00:56:43,280
it matches up to the other things that we know

938
00:56:43,440 --> 00:56:47,440
about the history of money, the failures of monetary policy

939
00:56:47,480 --> 00:56:50,639
for all governments in the past, why at FIAT currencies

940
00:56:50,639 --> 00:56:53,480
always go to zero, and whether or not there's real

941
00:56:53,559 --> 00:56:56,840
possibilities here. Let's think about it from that perspective. I

942
00:56:57,000 --> 00:56:59,840
don't need and I don't care about all of your

943
00:57:00,280 --> 00:57:05,199
personal gripes and thoughts about Michael Saylor. If you don't

944
00:57:05,280 --> 00:57:08,639
know anything about crypto, if you're not actually successful in

945
00:57:08,800 --> 00:57:11,760
this domain, why do you think I would listen to you.

946
00:57:12,960 --> 00:57:14,920
This is a question that I was on a podcast

947
00:57:15,519 --> 00:57:17,239
for the first two hours. I got up this morning

948
00:57:17,679 --> 00:57:20,119
and we were talking about this, and we were talking

949
00:57:20,159 --> 00:57:22,320
about how everybody loves to pop off on everything and

950
00:57:22,400 --> 00:57:25,199
they know everything about every topic. If you didn't make

951
00:57:25,280 --> 00:57:28,400
money in crypto, or if you're not successful in making money,

952
00:57:28,559 --> 00:57:33,320
why would I listen to you about money. I'm being serious,

953
00:57:33,320 --> 00:57:34,920
I'm not being a dickhead. This isn't this is I

954
00:57:35,000 --> 00:57:37,599
want you to think about this. Would you go to

955
00:57:40,800 --> 00:57:43,119
a guy who is an idiot on your block that

956
00:57:43,239 --> 00:57:47,800
plays air guitar and he's gonna tell you everything. And

957
00:57:47,840 --> 00:57:50,960
there's dudes like this, right, like air guitar dudes that

958
00:57:51,079 --> 00:57:53,559
don't know how to play guitar. They've never played a guitar,

959
00:57:54,079 --> 00:57:57,840
but they have like every rock album and every metal album,

960
00:57:58,519 --> 00:58:00,679
and they know all about the band and all about

961
00:58:00,679 --> 00:58:03,559
their history. But they've never played an instrument and they

962
00:58:03,599 --> 00:58:06,480
don't know how. But they can tell you everything about

963
00:58:06,719 --> 00:58:11,159
music and who's good and who's bad because you don't

964
00:58:11,159 --> 00:58:16,519
even play the instruments. Doll or like sports dorks that

965
00:58:16,920 --> 00:58:21,119
know everything about stats and teams, but they're fat dudes

966
00:58:21,159 --> 00:58:28,440
that don't play basketball. And the point is not can

967
00:58:28,599 --> 00:58:30,480
they know about it without playing it. The point is

968
00:58:30,519 --> 00:58:33,920
that I'm not going to listen to you think about

969
00:58:34,000 --> 00:58:36,719
economics professors. And I remember this when I was in

970
00:58:36,800 --> 00:58:38,559
college and I came to this realization when I had

971
00:58:38,559 --> 00:58:41,039
an economics class, and I'm like, wait a minute, this

972
00:58:41,239 --> 00:58:44,800
professor makes this is in the two thousands, we'll say,

973
00:58:45,239 --> 00:58:48,760
fifty eighty thousand dollars a year teaching economics at the

974
00:58:48,840 --> 00:58:54,440
local university. Okay, that's that's not poverty, but that's like

975
00:58:54,639 --> 00:58:59,079
middle middle class, maybe now lower middle class. I don't

976
00:58:59,079 --> 00:59:03,599
even know what professor's mean nowadays. Okay, you're not successful

977
00:59:03,679 --> 00:59:08,119
in money, Why would I listen to you? You're gonna

978
00:59:08,159 --> 00:59:12,480
tell me about all the theories of Kangean economic theory

979
00:59:12,599 --> 00:59:16,360
and socialist economic theory and my mama, ma Bama. And

980
00:59:16,440 --> 00:59:19,039
you're gonna go get in uh a, you go and

981
00:59:19,199 --> 00:59:23,639
drive back to your apartment or whatever like you don't.

982
00:59:24,320 --> 00:59:27,440
If you've not had success in this domain, why would

983
00:59:27,440 --> 00:59:30,599
anyone listen to you popping off about all your knowing

984
00:59:30,679 --> 00:59:36,039
everything about it. So I'm not gonna listen to anyone.

985
00:59:36,119 --> 00:59:38,280
And by the way, I'm glad I didn't listen to

986
00:59:38,360 --> 00:59:41,960
all the idiots over the years who constantly told me

987
00:59:42,079 --> 00:59:44,079
what to do with my money and this and that.

988
00:59:46,599 --> 00:59:47,559
Speaker 4: Bopa bitcoin.

989
00:59:47,960 --> 00:59:52,800
Speaker 3: I remember there was tons of comments in twenty twenty two,

990
00:59:53,320 --> 00:59:59,880
bitcoin's going to zero in January Craig Wright, bitcoin will not. Well,

991
01:00:01,239 --> 01:00:05,559
it's going to zero, and he duped everybody that bought

992
01:00:05,599 --> 01:00:15,239
into that nonsense DSV. So you have to have some conviction,

993
01:00:15,440 --> 01:00:19,800
You have to have some You shouldn't listen to people

994
01:00:19,840 --> 01:00:22,920
who have not been successful. That's what I'm trying to say.

995
01:00:27,760 --> 01:00:30,159
And that's it's just a weird thing, like it's for

996
01:00:30,280 --> 01:00:34,599
some reason in say theology or in debate or logic

997
01:00:34,920 --> 01:00:39,800
or philosophy or maybe even economics, there's just this idea

998
01:00:40,199 --> 01:00:43,280
which is not true in any other domain, like if

999
01:00:43,320 --> 01:00:47,679
you wanted to get a bug sprayer or like an INtime,

1000
01:00:47,840 --> 01:00:50,760
like would you go ask your neighbor about how to

1001
01:00:50,800 --> 01:00:52,480
get rid of pests and bugs? Or would you ask

1002
01:00:52,519 --> 01:00:57,199
the bug spray like bug control people. Like in every

1003
01:00:57,239 --> 01:01:00,800
other domain, people go to people who have been successful

1004
01:01:00,880 --> 01:01:03,760
in it. But for some reason, in these other domains,

1005
01:01:03,840 --> 01:01:06,519
people think that no, every Internet goofball is who I

1006
01:01:06,519 --> 01:01:09,039
should listen to. It just doesn't make any sense. And

1007
01:01:09,159 --> 01:01:11,880
I guess the Internet actually is part of why it's

1008
01:01:11,920 --> 01:01:14,840
that way, because it gives everyone a voice. And I'm

1009
01:01:14,840 --> 01:01:16,599
not saying that's necessarily baut because there's pros and cons

1010
01:01:16,639 --> 01:01:19,159
to this, but everyone can have the appearance of being

1011
01:01:19,199 --> 01:01:22,639
an expert when they're not and they've not had any

1012
01:01:22,679 --> 01:01:24,960
success in these fields or in these domains, but they

1013
01:01:25,000 --> 01:01:27,039
can pretend that they are and play like they are.

1014
01:01:27,159 --> 01:01:32,400
And now freaking AI. And by the way, I've noticed this,

1015
01:01:33,559 --> 01:01:37,119
like multiple times now in the past couple weeks, right

1016
01:01:37,280 --> 01:01:40,880
where I'm say, I'm having a discussion with somebody on Twitter,

1017
01:01:42,079 --> 01:01:45,159
and I can recognize right away you're copying and pasting

1018
01:01:45,199 --> 01:01:47,800
the damn Grock responses. You don't know what you're even

1019
01:01:47,880 --> 01:01:50,599
talking about and I don't even care that you ask

1020
01:01:50,679 --> 01:01:53,480
a question to Grok right, like what year was Balfour

1021
01:01:53,559 --> 01:01:56,239
Declaration or something, right, and then it pops up the year. Yeah,

1022
01:01:56,280 --> 01:01:58,679
it makes sense, no different than doing a search on Google.

1023
01:01:59,119 --> 01:02:02,320
But all of these people are replacing actual education and

1024
01:02:02,440 --> 01:02:06,599
knowledge of domain topics with AI and it doesn't. It's

1025
01:02:06,639 --> 01:02:09,880
not gonna work, dummies, It doesn't. You can't. You might

1026
01:02:10,000 --> 01:02:12,440
fool other dummies, but you're not going to fool people

1027
01:02:12,480 --> 01:02:18,400
that know these topics, right, Like, if you've studied philosophy,

1028
01:02:18,960 --> 01:02:24,559
you can't grock your way through debating people on philosophy.

1029
01:02:24,719 --> 01:02:28,440
It's idiotic, Like that classical liberal dude last week that

1030
01:02:28,559 --> 01:02:30,960
was so stupid. It's like, did we can all tell

1031
01:02:31,199 --> 01:02:33,559
that you're just putting copy and pasting what you put

1032
01:02:33,599 --> 01:02:41,880
into groc Dummy, you can tell the groc speak. But look, uh,

1033
01:02:42,119 --> 01:02:43,719
you know there's always going to be people doing this,

1034
01:02:44,159 --> 01:02:48,039
and look, they're not going to be successful. That's the point.

1035
01:02:48,519 --> 01:02:53,159
You're not going to be successful faking it until you

1036
01:02:53,239 --> 01:02:54,199
make it necessarily.

1037
01:02:57,840 --> 01:03:01,079
Speaker 11: For the first time in human history, we have invented

1038
01:03:01,239 --> 01:03:06,599
a technology that allows a human to tightly bind economic

1039
01:03:06,840 --> 01:03:10,639
energy to their person or for a corporation to tightly

1040
01:03:10,800 --> 01:03:15,320
bind economic energy to the corporation. What it means is

1041
01:03:15,639 --> 01:03:19,559
you don't have to suffer an early, painful economic death.

1042
01:03:19,960 --> 01:03:24,159
This person, Satoshi offered us this gift. The gift is

1043
01:03:25,079 --> 01:03:27,440
you get to own your own money and no one

1044
01:03:27,519 --> 01:03:28,639
can take it away from you.

1045
01:03:29,159 --> 01:03:30,719
Speaker 3: You get to keep your life forced.

1046
01:03:30,760 --> 01:03:31,880
Speaker 6: And what do I think will happen.

1047
01:03:32,480 --> 01:03:35,920
Speaker 11: I think that companies life expectancy on the bitcoin standard

1048
01:03:36,000 --> 01:03:39,119
goes from ten years to thirty years, to forty years

1049
01:03:39,199 --> 01:03:41,679
to one hundred years. And I think living longer is

1050
01:03:41,719 --> 01:03:45,679
a good thing. And I think families life expectancy is

1051
01:03:45,920 --> 01:03:49,599
dramatically increased. The half life of money in gold is

1052
01:03:49,719 --> 01:03:52,760
thirty years. Gold debase is at two percent a year.

1053
01:03:53,280 --> 01:03:56,599
The half life of money in bitcoin is forever. Some

1054
01:03:56,760 --> 01:03:59,480
people will not appreciate it, and they won't get it.

1055
01:03:59,559 --> 01:04:02,880
That's okay, okay, you don't have to buy it. Lots

1056
01:04:02,920 --> 01:04:06,280
of people won't buy Clean money is just as important

1057
01:04:06,280 --> 01:04:08,920
as antibiotics. It's just as important as fat, it's just

1058
01:04:09,000 --> 01:04:10,599
as important as clean electricity.

1059
01:04:11,400 --> 01:04:13,760
Speaker 6: It's technology. It makes the world a better place.

1060
01:04:13,920 --> 01:04:16,480
Speaker 11: And I think that for a billion human beings that

1061
01:04:16,559 --> 01:04:19,840
are destined to economic misery, for them, it's the matter

1062
01:04:19,960 --> 01:04:20,800
of life or death.

1063
01:04:23,400 --> 01:04:27,159
Speaker 3: Yeah, so basic points there to keep in mind. Alexander

1064
01:04:27,239 --> 01:04:30,119
ten dollars. Jay, my friend brought up Saint Ernaeus saying

1065
01:04:30,119 --> 01:04:32,480
that Jesus was possibly forty to fifty year old years

1066
01:04:32,519 --> 01:04:33,880
old when he died. I don't know how to respond

1067
01:04:33,920 --> 01:04:37,000
to this. Aernaus made a mistake. We don't believe the

1068
01:04:37,079 --> 01:04:40,480
church fathers are infallible. Mister Smirk's five dollars. What are

1069
01:04:40,559 --> 01:04:43,039
your predictions for bitcoin? In Q four? I'm young, but

1070
01:04:43,079 --> 01:04:46,360
I'm in the process of getting my commercial driver's license

1071
01:04:46,400 --> 01:04:49,599
so that I can hopefully go on before its skyrockets

1072
01:04:49,639 --> 01:04:53,119
to one fifty. I do think that's likely on the

1073
01:04:53,199 --> 01:04:57,480
table anywhere from two hundred to five hundred. We just

1074
01:04:57,559 --> 01:05:02,000
had the removal of that law that had to do

1075
01:05:02,159 --> 01:05:06,039
with banks not being able to custody bitcoin. Trump got

1076
01:05:06,119 --> 01:05:09,159
rid of that S one B or SA one B,

1077
01:05:09,320 --> 01:05:13,000
whatever it's called. That was another huge bullish thing that

1078
01:05:13,079 --> 01:05:16,880
people are ignoring. But that just went went away. And

1079
01:05:17,440 --> 01:05:19,719
you know, Sailor was talking about certain things that would

1080
01:05:19,719 --> 01:05:22,320
have to happen before we could see two, three, four,

1081
01:05:22,360 --> 01:05:24,320
five hundred thousand dollars bitcoin, and that was one of

1082
01:05:24,360 --> 01:05:26,760
those things all right, So let's get into this. We're

1083
01:05:26,800 --> 01:05:32,360
gonna treat this like our classic analysis talks and lectures.

1084
01:05:32,679 --> 01:05:35,639
Shout out to my financial friend for posting this. Cool guy,

1085
01:05:35,800 --> 01:05:39,760
nice guy. We're gonna try to understand this so that

1086
01:05:39,840 --> 01:05:43,559
you don't have any excuse to say explain to bigcin

1087
01:05:43,599 --> 01:05:47,199
owner student or if so it works well, we're gonna

1088
01:05:47,199 --> 01:05:49,039
listen to one of the best at it. I don't

1089
01:05:49,079 --> 01:05:51,840
agree with everything Michael Saylor says, but overall he's still

1090
01:05:51,840 --> 01:05:53,920
pretty good at it. Maxi Chuiser is good. I don't

1091
01:05:53,920 --> 01:05:57,079
agree with everybody and every point, but we can handle

1092
01:05:57,159 --> 01:05:59,320
and listen to people that we disagree with. That's another

1093
01:05:59,400 --> 01:06:02,639
sign of being a mature thinker. And so we're not

1094
01:06:02,760 --> 01:06:06,000
going to devolve into all the hundred reasons why someone

1095
01:06:06,039 --> 01:06:08,440
so is a bad person. I don't care whether you

1096
01:06:08,519 --> 01:06:10,519
think he's a good or bad person has nothing to

1097
01:06:10,599 --> 01:06:12,800
do with what we're going to talk about today. Bobby

1098
01:06:12,840 --> 01:06:14,800
C five dollars. I have issues with bitcoinners when they

1099
01:06:14,800 --> 01:06:17,920
talk about it being like a religious movement. Okay, fair enough,

1100
01:06:18,719 --> 01:06:19,679
anything could be an idol.

1101
01:06:20,880 --> 01:06:24,400
Speaker 11: I know I took you away from probably a non

1102
01:06:24,840 --> 01:06:29,199
box lunch, but I'll try to make it worth your while.

1103
01:06:32,440 --> 01:06:33,679
Speaker 7: Everybody in the world.

1104
01:06:33,519 --> 01:06:37,159
Speaker 11: Every investor, every executive is facing an economic and a

1105
01:06:37,239 --> 01:06:44,519
technology challenge. You could specify the economic challenges. It's very

1106
01:06:44,599 --> 01:06:48,320
difficult to outperform monetary inflation when you look at the

1107
01:06:48,440 --> 01:06:51,320
rate at which the currency supply is expanding.

1108
01:06:52,079 --> 01:06:53,880
Speaker 3: Now, this is what we talk about all the time.

1109
01:06:53,960 --> 01:06:58,480
This should be an uncontroversial clear point. The governments that

1110
01:06:58,639 --> 01:07:02,400
have the ability to well the private banks that run

1111
01:07:02,559 --> 01:07:06,239
those governments, had the ability to print the currency as

1112
01:07:06,320 --> 01:07:10,320
they choose, and this is a huge crime against humanity.

1113
01:07:10,719 --> 01:07:14,440
It's essentially value and energy theft over time because it

1114
01:07:14,639 --> 01:07:17,920
dilutes the purchasing power of your money. And if you

1115
01:07:17,960 --> 01:07:20,840
basically understand that simple point, which is again what Ron

1116
01:07:20,920 --> 01:07:22,760
Paul has been saying forever and no or and ever,

1117
01:07:23,079 --> 01:07:26,039
all the gold bugs, all the Vonnmesa's people, all the

1118
01:07:26,079 --> 01:07:31,679
Austrian economics people, all the bitcoiners, right, this is a

1119
01:07:31,760 --> 01:07:35,320
fundamental point. That's what we have to understand. And this

1120
01:07:35,480 --> 01:07:38,360
is not controversial because it's what quickly admits in the

1121
01:07:38,400 --> 01:07:40,719
first three hundred pages of Tragic Hope is that this

1122
01:07:40,880 --> 01:07:47,079
is how the system works. Going back to the early

1123
01:07:47,199 --> 01:07:50,480
modern period in Europe, when you had the ability to

1124
01:07:50,639 --> 01:07:54,480
inflate gold notes. The banking elite figured out that they

1125
01:07:54,519 --> 01:07:57,480
could write up more gold notes than they actually had gold,

1126
01:07:58,480 --> 01:08:01,920
and so they could buy up stuff with inflated currency

1127
01:08:02,000 --> 01:08:04,880
because they had the power of controlling the printing of

1128
01:08:04,920 --> 01:08:08,920
the currency, the creation of the currency. Now, how do

1129
01:08:08,960 --> 01:08:11,639
we get out of this problem. We need some way

1130
01:08:12,239 --> 01:08:17,119
that there's not a centralized entity controlling the issue the

1131
01:08:17,239 --> 01:08:20,840
issuance of currency, isn't it one of the Ralph Charles

1132
01:08:20,880 --> 01:08:23,600
that's reported to have said, I don't care who the

1133
01:08:23,640 --> 01:08:26,680
elected officials are. If I print the currency, I run

1134
01:08:26,760 --> 01:08:30,520
the country exactly. So how do we get out of

1135
01:08:30,560 --> 01:08:36,039
this conundrum? Well, we need something that is not centralized.

1136
01:08:36,119 --> 01:08:38,800
That's a challenge that could never have happened until we

1137
01:08:38,960 --> 01:08:43,479
have decentralized computer networks. So the first thing that every

1138
01:08:43,560 --> 01:08:46,039
idiot thinks when they hear this stuff is, well, the

1139
01:08:46,119 --> 01:08:49,119
computers are going to control the currency. And so that's

1140
01:08:49,159 --> 01:08:51,760
why I bitcoins bad is because it's all on the computer,

1141
01:08:51,920 --> 01:08:55,439
and the computer that will control it. It's a decentralized

1142
01:08:56,239 --> 01:08:59,199
thousands and thousands of no ten thousand plus maybe more

1143
01:08:59,279 --> 01:09:04,359
nodes across the world that decentralize the bitcoin network. So

1144
01:09:04,520 --> 01:09:09,199
it's decentralized. It's not run by a CEO or a

1145
01:09:09,319 --> 01:09:11,720
banker or a government.

1146
01:09:14,520 --> 01:09:16,720
Speaker 7: Most investments don't outperform it.

1147
01:09:17,000 --> 01:09:18,560
Speaker 6: You know that the S and P.

1148
01:09:18,720 --> 01:09:21,880
Speaker 7: Five hundred is to a certain degree the cost to capital.

1149
01:09:23,319 --> 01:09:25,760
Speaker 3: And the point here is that if you're looking for ways,

1150
01:09:26,119 --> 01:09:28,840
and this is what rich people do. Wealthy people who

1151
01:09:29,000 --> 01:09:32,039
understand this point look for ways to store their money

1152
01:09:32,600 --> 01:09:35,840
so that it doesn't lose value over time. Thus, wealthy

1153
01:09:35,920 --> 01:09:41,720
people buy things like yachts and houses and property and rolexes.

1154
01:09:42,439 --> 01:09:46,640
It's not just for glam like poor people think or

1155
01:09:46,840 --> 01:09:52,159
for swag. They're investments because money loses value. That's why

1156
01:09:52,239 --> 01:09:56,880
they do that. Or you find ways to invest the SMP,

1157
01:09:57,279 --> 01:09:59,920
You try to invest in mutual funds. You try to

1158
01:10:00,079 --> 01:10:05,039
invest in all this different stuff to hedge against deep inflation,

1159
01:10:05,199 --> 01:10:08,000
which is devaluing your money over ten, twenty, thirty, forty years.

1160
01:10:08,319 --> 01:10:10,319
Why does that matter? Well, do you want to leave

1161
01:10:10,600 --> 01:10:14,439
things to your children. If you store up a bunch

1162
01:10:14,520 --> 01:10:17,640
of dollars and you give that to your children in

1163
01:10:17,880 --> 01:10:21,239
sixty years, your dollar is gonna be worth probably five

1164
01:10:21,399 --> 01:10:24,039
times less than it was the sixty years earlier. When

1165
01:10:24,039 --> 01:10:28,520
you started saving. I was watching some dude, like a

1166
01:10:28,720 --> 01:10:31,439
like a buff fitness dude, guy Hormosi, I think it

1167
01:10:31,520 --> 01:10:33,880
is his name, and I mean it was an interesting channel.

1168
01:10:34,039 --> 01:10:36,920
Not dissing the guy, but he was explaining how to

1169
01:10:37,000 --> 01:10:40,399
make all this money in forty years by the S

1170
01:10:40,520 --> 01:10:42,920
and P and all these mutual funds. And I'm like,

1171
01:10:44,039 --> 01:10:47,960
so I'm gonna wait like forty years to get a

1172
01:10:48,079 --> 01:10:52,319
return which was a good return, but like the returns

1173
01:10:52,319 --> 01:10:55,279
would be like ten times or one hundred times greater

1174
01:10:55,520 --> 01:10:58,800
in bitcoin. It doesn't make any sense. Why well, the

1175
01:10:58,880 --> 01:11:01,880
big Boomer method And Sailor is pointing out that the

1176
01:11:01,920 --> 01:11:05,279
Boomer methods of how people thought in terms of stonks

1177
01:11:06,039 --> 01:11:09,840
to get your money back over time doesn't make sense

1178
01:11:09,880 --> 01:11:13,479
anymore because there's a superior asset. It's that simple. There's

1179
01:11:13,520 --> 01:11:15,640
a superior asset not only for the story value but

1180
01:11:15,760 --> 01:11:17,760
also returns.

1181
01:11:19,000 --> 01:11:23,279
Speaker 11: This safer investment and asset classes underperform, and even though

1182
01:11:23,319 --> 01:11:25,479
you're getting wealthier nominal.

1183
01:11:25,239 --> 01:11:26,680
Speaker 7: Terms and real terms, you're really not.

1184
01:11:28,159 --> 01:11:31,319
Speaker 11: And if you're a company executive and your company isn't

1185
01:11:31,399 --> 01:11:37,359
growing organically fifteen percent a year or more, institutional investors

1186
01:11:37,439 --> 01:11:38,560
tend to lose interest in you.

1187
01:11:40,239 --> 01:11:43,319
Speaker 3: This is why you can't beat the system in the

1188
01:11:43,560 --> 01:11:46,319
existing system. That's the point of what he's setting up here.

1189
01:11:47,000 --> 01:11:48,920
So I'll try to move ahead after because a lot

1190
01:11:48,960 --> 01:11:51,479
of it's well, no business sold. What he's talking about

1191
01:11:51,560 --> 01:11:53,560
applies to you too, though you're not a business owner,

1192
01:11:54,039 --> 01:11:55,680
and maybe one day you will be a business owner,

1193
01:11:55,720 --> 01:11:58,840
then you will you have to think about investing. So

1194
01:11:59,159 --> 01:12:02,479
stop being low tier and low quality people. We want

1195
01:12:02,560 --> 01:12:03,560
high quality people.

1196
01:12:04,560 --> 01:12:05,319
Speaker 7: This is why.

1197
01:12:07,800 --> 01:12:10,880
Speaker 11: The winners in the twenty first century, they're all digital monopolies.

1198
01:12:11,640 --> 01:12:15,479
If you have an investment portfolio and it doesn't include

1199
01:12:15,640 --> 01:12:19,640
Apple and Amazon or Facebook or Google or in videobo.

1200
01:12:20,000 --> 01:12:21,960
Speaker 3: Here he's saying that if you wanted to invest or,

1201
01:12:21,960 --> 01:12:24,520
if you wanted to start a company, you're already at

1202
01:12:24,520 --> 01:12:27,159
a disadvantage because if you're a tech company, how are

1203
01:12:27,199 --> 01:12:31,399
you going to beat the existing monopolies, or if you're

1204
01:12:31,479 --> 01:12:35,520
a zombie company, like he says micro Strategy was, which

1205
01:12:35,680 --> 01:12:38,960
was just kind of sitting there at a base stock

1206
01:12:39,079 --> 01:12:40,680
price that I don't know, it was it fifteen dollars

1207
01:12:40,720 --> 01:12:45,199
forever and whatever, and micro Strategy was not crashing, but

1208
01:12:45,319 --> 01:12:46,960
it wasn't going anywhere, so it was just kind of

1209
01:12:47,000 --> 01:12:50,159
sitting there. His point was that you can't compete with

1210
01:12:51,359 --> 01:12:54,640
Microsoft and Google and Apple, So what are you going

1211
01:12:54,720 --> 01:12:57,479
to do? You got to find another way to take

1212
01:12:57,640 --> 01:13:01,800
your capital and put it into something that becomes the

1213
01:13:01,880 --> 01:13:04,800
engine of the company, even if it's not what your

1214
01:13:04,840 --> 01:13:10,199
company previously did or was all about. And other corporations

1215
01:13:10,439 --> 01:13:13,159
are starting to figure this out that they can do

1216
01:13:13,479 --> 01:13:17,000
a Bitcoin standard for the company that becomes a new

1217
01:13:17,199 --> 01:13:21,840
engine for a zombie corporation. By extension, he's telling you

1218
01:13:22,000 --> 01:13:28,479
that your present day company can't beat the monopolies and

1219
01:13:28,800 --> 01:13:29,880
can't beat inflation.

1220
01:13:30,399 --> 01:13:31,600
Speaker 7: Well, you're probably not winning.

1221
01:13:32,079 --> 01:13:34,319
Speaker 11: It's very hard to see how you could be a

1222
01:13:34,359 --> 01:13:41,279
successful investor without some exposure to those companies. And if

1223
01:13:41,319 --> 01:13:43,680
you look at the rest of the SMP normally the

1224
01:13:43,840 --> 01:13:46,239
S and P is the five hundred greatest companies in

1225
01:13:46,319 --> 01:13:50,880
the United States, four hundred and ninety three of them

1226
01:13:50,920 --> 01:13:52,159
are fairly boring.

1227
01:13:53,079 --> 01:13:54,039
Speaker 7: How do you.

1228
01:13:54,159 --> 01:13:59,439
Speaker 11: Actually compete against the digital monopoly When someone has I

1229
01:13:59,520 --> 01:14:03,399
think face book has two billion users a day, or

1230
01:14:03,600 --> 01:14:07,800
you have a billion customers, and when you can ship

1231
01:14:07,840 --> 01:14:10,920
a product to a billion people overnight with a punch

1232
01:14:10,960 --> 01:14:16,840
of a button, that's an enormous advantage. So all of

1233
01:14:17,000 --> 01:14:20,399
us we're struggling with this issue. How do you how

1234
01:14:20,439 --> 01:14:22,079
are you going to be a winner when you're not

1235
01:14:22,239 --> 01:14:28,319
one of the seven winners. The technology challenge is very

1236
01:14:28,439 --> 01:14:31,960
intertwined with this, which is you can't win if you

1237
01:14:32,079 --> 01:14:36,960
miss the next technology wave. You know, there was personal computing,

1238
01:14:37,079 --> 01:14:39,720
and there was the Internet, and there is mobile computing,

1239
01:14:40,039 --> 01:14:42,479
and now there's artificial intelligence.

1240
01:14:43,880 --> 01:14:44,760
Speaker 6: And I'm here to.

1241
01:14:44,800 --> 01:14:48,239
Speaker 7: Say that I think everybody in the.

1242
01:14:48,279 --> 01:14:53,800
Speaker 11: World understands artificial intelligence is the next technology wave, but

1243
01:14:53,960 --> 01:14:57,560
I think very very few people, not so many, really

1244
01:14:57,680 --> 01:15:02,520
appreciate there's another technology way taking place, and it's a

1245
01:15:02,600 --> 01:15:04,640
digital transformation of capital.

1246
01:15:04,840 --> 01:15:09,239
Speaker 7: It's digital capital. It's happening right in front of people's faces.

1247
01:15:10,239 --> 01:15:15,399
Speaker 3: Now here's getting into the revolutions that we've seen tech

1248
01:15:15,479 --> 01:15:20,279
wise in the past twenty thirty years. The personal computer itself,

1249
01:15:22,640 --> 01:15:27,000
graphic user interface instead of doss, Internet, mobile computing, cloud AI.

1250
01:15:27,319 --> 01:15:33,119
And then the next is the digitization of money, which

1251
01:15:33,199 --> 01:15:36,199
only makes sense because everything else has been digitized. Music,

1252
01:15:37,119 --> 01:15:42,319
your photos, your social interaction, social media. We're not here

1253
01:15:42,359 --> 01:15:43,600
to talk about the good and the bad, and we

1254
01:15:43,720 --> 01:15:45,640
know there's a lot of bad to those things. We're

1255
01:15:45,680 --> 01:15:48,560
looking at the facts, the objective facts on the ground

1256
01:15:49,279 --> 01:15:52,159
set aside your hyper moralism and how you want it

1257
01:15:52,239 --> 01:15:54,960
signified everybody that you're better than everybody, and how you're

1258
01:15:55,039 --> 01:15:57,560
so pathetic that you have to get on the internet

1259
01:15:57,840 --> 01:16:01,239
to pretend that you're superior to people. That's lame. We're

1260
01:16:01,239 --> 01:16:04,079
gonna get out of that mindset. Okay, We're gonna focus

1261
01:16:04,199 --> 01:16:07,560
on the facts, the objective analysis. That's the only way

1262
01:16:07,640 --> 01:16:09,000
that you get ahead in life is to do it

1263
01:16:09,079 --> 01:16:16,760
that way. Trust me. So what's the next revolution? It

1264
01:16:16,920 --> 01:16:20,680
is most likely it looks to be the digitization.

1265
01:16:20,079 --> 01:16:23,239
Speaker 7: Of capital because it's unexpected.

1266
01:16:24,159 --> 01:16:26,159
Speaker 3: You have to understand how big this is. This is

1267
01:16:26,279 --> 01:16:31,199
not just another dot com bubble, another type of Amazon.

1268
01:16:32,319 --> 01:16:38,439
This is a totally new way to do money. It's

1269
01:16:38,479 --> 01:16:45,479
an ethical, hard asset solution to the problems of the

1270
01:16:45,560 --> 01:16:47,760
past way to do money. It's the only way it

1271
01:16:47,840 --> 01:16:51,119
could happen is if there had been the computer revolution first,

1272
01:16:52,199 --> 01:16:56,920
because you cannot have a decentralized, objective, math based system

1273
01:16:57,680 --> 01:17:00,600
outside of the reach of governments and banks, outside of

1274
01:17:00,680 --> 01:17:04,239
the internet coming first. That's why it was so genius

1275
01:17:04,359 --> 01:17:07,399
what they created. Whoever created it, and it's better that

1276
01:17:07,439 --> 01:17:13,960
we don't know who created it. Money needs to be divisible, portable, durable, recognizable, scarce.

1277
01:17:16,119 --> 01:17:22,880
And so how would you translate that into digitization. Well,

1278
01:17:23,039 --> 01:17:26,239
bitcoin is that it is deflationary. It is the ultimate

1279
01:17:26,279 --> 01:17:28,520
store of value and energy over time. It is a

1280
01:17:28,640 --> 01:17:32,000
closed system with a public ledger, so they can't be manipulated,

1281
01:17:32,159 --> 01:17:37,520
can be cheated. It's not been hacked. It's decentralizing global,

1282
01:17:37,560 --> 01:17:39,800
it's not under the purview or control of one government

1283
01:17:39,880 --> 01:17:43,439
or one entity or one CEO. You have a cap

1284
01:17:43,479 --> 01:17:47,079
at twenty one million bitcoins. Ever, so there will not

1285
01:17:47,239 --> 01:17:52,199
be infinite bitcoins. And it is really the opposite of

1286
01:17:52,520 --> 01:17:55,600
the debt based, fiat usery based system that we have

1287
01:17:55,760 --> 01:18:00,439
seen for millennia. You understand that debasing the the currency

1288
01:18:00,560 --> 01:18:04,600
is an ancient thing. Babylon Rome, they debase their currencies.

1289
01:18:06,159 --> 01:18:08,399
They would take the gold in their coins or the

1290
01:18:08,439 --> 01:18:10,840
silver in their coins, and they would start adding other

1291
01:18:11,000 --> 01:18:16,439
metals to devalue it. That was a their form of inflation.

1292
01:18:17,119 --> 01:18:19,720
Speaker 11: Hodd On a shift, and it's an inversion of everyone's

1293
01:18:19,880 --> 01:18:28,039
world view. They tend to dismiss it as something random, unlikely, unlucky, scary,

1294
01:18:29,359 --> 01:18:34,520
And I'm going to talk about bitcoin, and so bitcoin's

1295
01:18:34,560 --> 01:18:36,760
the solution to the problem it's a solution to the

1296
01:18:36,880 --> 01:18:39,640
economic problem. How do you win when there's only seven

1297
01:18:39,720 --> 01:18:43,560
companies that can win? And it's a solution to the

1298
01:18:43,640 --> 01:18:47,239
technology question. How do you get on the next technology

1299
01:18:47,359 --> 01:18:50,560
wave and how do you exploit it to the benefit

1300
01:18:50,640 --> 01:18:59,199
of your investors, your family, your company, your customers. Now,

1301
01:18:59,239 --> 01:19:01,279
how do I know coin is the next wave? Why

1302
01:19:01,319 --> 01:19:05,119
should you think it's the next wave? Well, here's a chart.

1303
01:19:06,119 --> 01:19:09,880
Speaker 3: One point. Here we have a super chat from our

1304
01:19:09,920 --> 01:19:13,239
buddy Skumabert twenty five bucks, Thank you so much. Are

1305
01:19:13,279 --> 01:19:15,640
there any good books that refute the idea that the

1306
01:19:15,680 --> 01:19:19,920
Gnostic Egyptian mystery religions or traditions are the case. My

1307
01:19:19,960 --> 01:19:21,359
friend is very deep into it, and I want to

1308
01:19:21,439 --> 01:19:26,079
know how to combat it. So I did a video

1309
01:19:26,239 --> 01:19:29,439
some years back critiquing gnosticism. I also did a video

1310
01:19:29,520 --> 01:19:32,760
from Ierinaeus. If you look up against Heresies Ireneus Gnosticism,

1311
01:19:32,840 --> 01:19:37,119
that video will come up. So you could read Against Heresies,

1312
01:19:37,319 --> 01:19:39,359
but that's a really long book. You might want to

1313
01:19:39,399 --> 01:19:42,399
start in book three and four for the reputation of

1314
01:19:42,960 --> 01:19:52,439
the Gnostic systems in general. I did another talk on

1315
01:19:52,760 --> 01:19:58,960
Genesis refuting the Gnostic systems. I have two debates with Gnostics,

1316
01:19:59,039 --> 01:20:02,960
one with a Scott Smith, so he presented a kind

1317
01:20:02,960 --> 01:20:05,079
of a Gnostic position, and most of the time Gnostic

1318
01:20:05,199 --> 01:20:09,479
mystery religions, they devolve into relativism. So if you just

1319
01:20:09,479 --> 01:20:12,000
get good enough and kind of basic philosophy in terms

1320
01:20:12,000 --> 01:20:15,560
of refuting the self, the self pointing out the self

1321
01:20:16,439 --> 01:20:21,000
refuting nature of relativism, that's a pretty good reputation of

1322
01:20:21,039 --> 01:20:25,199
most Gnostic types of systems. But those are the things

1323
01:20:25,239 --> 01:20:27,000
that come to mind. I don't know I've taught me

1324
01:20:27,079 --> 01:20:31,479
how to a specific book refuting gnosticism. Uh, there are,

1325
01:20:31,560 --> 01:20:35,640
by the way, videos from Inspiring Philosophy. Obviously, he and

1326
01:20:35,680 --> 01:20:38,760
I we have some disagreements, we're on friendly terms. But

1327
01:20:39,319 --> 01:20:41,960
he did do some good videos refuting some of these

1328
01:20:42,039 --> 01:20:46,319
ideas of like Zeitgeist type stuff that Jesus is Horus,

1329
01:20:46,600 --> 01:20:49,760
or that there's all of these you know, trinities and

1330
01:20:49,800 --> 01:20:52,159
the pagan religions and that Jesus is just one of many.

1331
01:20:52,279 --> 01:20:54,319
That's all just a bunch of nonsense. So you could

1332
01:20:54,319 --> 01:20:59,720
look up, you know, is yahweh the Canaanite pantheon d

1333
01:21:00,319 --> 01:21:02,840
That's all just nonsense. So check out some of his

1334
01:21:03,000 --> 01:21:04,720
videos on the topic of the.

1335
01:21:04,920 --> 01:21:08,359
Speaker 7: Top ten largest assets in the world right now.

1336
01:21:09,880 --> 01:21:12,760
Speaker 11: And so if you look at the ten, bitcoin's number seven,

1337
01:21:13,840 --> 01:21:16,760
it is the seventh largest asset in the world, goals

1338
01:21:16,880 --> 01:21:24,439
number one. Then you've got these magnificent seven companies in video, Apple, Microsoft, Amazon, Alphabet, Meta,

1339
01:21:25,800 --> 01:21:29,680
and you've got Saudia Ramco and you got a little

1340
01:21:29,680 --> 01:21:33,920
bit of silver. But of them, the fastest growing of

1341
01:21:34,039 --> 01:21:38,760
these is Bitcoin. Bitcoin is growing three times faster than Microsoft.

1342
01:21:39,560 --> 01:21:40,079
Why is it?

1343
01:21:42,319 --> 01:21:45,439
Speaker 7: Why is it the next wave? Well, it's not just

1344
01:21:45,560 --> 01:21:47,479
the fastest growing asset in the one.

1345
01:21:47,439 --> 01:21:50,640
Speaker 3: And by the way, it just flips silver during this

1346
01:21:50,960 --> 01:21:54,439
bull cycle. So why does that matter? Well, guess what's

1347
01:21:54,520 --> 01:22:00,119
next gold? Right Well, it'll never flip silver when it's

1348
01:22:00,119 --> 01:22:04,039
one hundred thousand flips over. Okay, so the next flipping

1349
01:22:05,159 --> 01:22:08,359
will be gold, and it will flip gold. Watch it

1350
01:22:08,399 --> 01:22:10,960
will has to want because we're not going back to

1351
01:22:11,239 --> 01:22:16,600
sailing around in galleons and handing over giant chests of treasure,

1352
01:22:17,159 --> 01:22:19,960
loot and booty like we're fricking pirates.

1353
01:22:20,439 --> 01:22:26,079
Speaker 4: Okay, you must be believe and in bit Clayton you're in.

1354
01:22:27,359 --> 01:22:31,319
Speaker 3: Ok We're not going to the black pearl dog. We're

1355
01:22:31,359 --> 01:22:37,079
not going to jack sparrows or We're not going to

1356
01:22:37,159 --> 01:22:40,000
Davy Jones locker dog. We're going into the future.

1357
01:22:41,520 --> 01:22:45,640
Speaker 11: It's the most popular asset in the world. It's literally

1358
01:22:45,720 --> 01:22:47,880
the most popular asset in the world. Everyone wants to

1359
01:22:47,960 --> 01:22:51,840
talk about it. It's the most interesting. It's the most

1360
01:22:51,920 --> 01:22:57,680
digital asset in the world. Right, you can't digitally transform.

1361
01:22:57,760 --> 01:23:01,279
You can't move these other assets at the speed of

1362
01:23:01,439 --> 01:23:04,520
light a million times a second between eight billion computers

1363
01:23:04,560 --> 01:23:06,439
the way you can with bitcoin.

1364
01:23:06,760 --> 01:23:09,000
Speaker 3: So let's think about this in terms of the modern world.

1365
01:23:09,800 --> 01:23:13,000
I need to do or some country, some company needs

1366
01:23:13,039 --> 01:23:15,640
to do a huge purchase, a huge move, a huge sale,

1367
01:23:16,840 --> 01:23:20,159
tens of millions of dollars, a billion dollars. Are we

1368
01:23:20,239 --> 01:23:23,159
gonna do that with gold and gold? How are we

1369
01:23:23,199 --> 01:23:30,000
gonna move a billion dollars of gold? No, we're not

1370
01:23:30,119 --> 01:23:32,479
gonna go back to the sixteen hundreds, goofballs. I don't

1371
01:23:32,560 --> 01:23:36,640
understand why it's just such a boomer mindset. You're gonna

1372
01:23:36,760 --> 01:23:41,239
use digital transfers on a public ledger, which is what

1373
01:23:41,399 --> 01:23:45,840
the purpose of this is. It's just obvious, and that's

1374
01:23:45,920 --> 01:23:48,159
contra Peter Schiff and all these people that act like

1375
01:23:48,640 --> 01:23:52,960
we're not gonna be using this amazing technology for instantaneous

1376
01:23:53,000 --> 01:23:59,000
transfers of wealth. Obviously we would. It's like light speed,

1377
01:23:59,159 --> 01:24:04,439
better than trying to transfer a bunch of and by

1378
01:24:04,479 --> 01:24:07,560
the way, if when in terms of gold, you're going

1379
01:24:07,640 --> 01:24:10,479
to be using a bunch of gold notes again, which

1380
01:24:10,520 --> 01:24:12,960
again has susceptible to all the problems of the previous

1381
01:24:12,960 --> 01:24:16,479
fiat currency. We already had gold standard. It worked well,

1382
01:24:17,720 --> 01:24:19,560
except that that has a lot of flaws, a lot

1383
01:24:19,600 --> 01:24:22,840
of problems. It's better than the fiat, but it's still

1384
01:24:23,079 --> 01:24:27,800
wrought with fraught, with all the same problems tungsten. It

1385
01:24:27,880 --> 01:24:31,760
can be stolen. You're putting it. We're back to third party,

1386
01:24:31,800 --> 01:24:35,560
fourth party trust to ensure it, to guard it as

1387
01:24:35,640 --> 01:24:39,079
you sail your galleons to deliver the billion dollars of

1388
01:24:39,520 --> 01:24:45,000
Spanish balloons. It's just so obviously not the future to

1389
01:24:45,079 --> 01:24:47,119
think that we're going to go back to the sixteen hundreds.

1390
01:24:48,600 --> 01:24:53,920
How do people not see this? It's obvious.

1391
01:24:54,680 --> 01:24:57,600
Speaker 7: It's the most useful asset in the world. If you

1392
01:24:57,680 --> 01:24:58,960
need a billion dollars in.

1393
01:24:59,079 --> 01:25:02,680
Speaker 11: Five minutes Saturday afternoon, this is the only asset you

1394
01:25:02,760 --> 01:25:04,800
can liquid eight right.

1395
01:25:05,000 --> 01:25:07,840
Speaker 3: It is no Michael, We're going to have the black pearl,

1396
01:25:08,520 --> 01:25:12,920
send giant chests with uh, you know, Davy with Davy

1397
01:25:13,000 --> 01:25:19,640
Jones and what's it what's his name? Captain Barbosa, right,

1398
01:25:20,239 --> 01:25:22,880
and the Black Pearl are going to deliver, and they're

1399
01:25:22,920 --> 01:25:25,600
going to look over as third party trust, you know,

1400
01:25:25,880 --> 01:25:30,279
candidates to ensure that the billion dollars of the balloons

1401
01:25:30,359 --> 01:25:33,039
actually make it across the ocean. And this is so silly.

1402
01:25:33,319 --> 01:25:36,520
Speaker 7: Every company on Earth, every person on Earth. It is global.

1403
01:25:37,600 --> 01:25:40,119
Speaker 11: You know, these other things aren't global assets, with the

1404
01:25:40,199 --> 01:25:45,319
exception of gold. So in essence, bitcoin is the digital gold.

1405
01:25:45,680 --> 01:25:48,920
But but you know, you can't beam gold between eight

1406
01:25:48,960 --> 01:25:52,840
billion iPhones and goals of five thousand year old idea

1407
01:25:53,399 --> 01:25:56,960
and bitcoin is that idea reinvented for the twenty first century.

1408
01:25:58,760 --> 01:25:59,920
And now I'm going to give you a set of

1409
01:26:00,119 --> 01:26:03,880
suggestions or a set of indicators as to why maybe

1410
01:26:03,960 --> 01:26:06,319
this is something big.

1411
01:26:06,560 --> 01:26:07,920
Speaker 7: Why it's not just random.

1412
01:26:09,199 --> 01:26:12,640
Speaker 11: This is bitcoin versus that asset allocation chart.

1413
01:26:12,760 --> 01:26:13,600
Speaker 7: And you can see that.

1414
01:26:15,239 --> 01:26:17,359
Speaker 11: It looks hard to find a solution when you don't

1415
01:26:17,359 --> 01:26:19,600
include bitcoin, and when you put bitcoin on the chart,

1416
01:26:19,720 --> 01:26:23,840
it renders every other solution irrelevant. It's like it's pretty

1417
01:26:23,880 --> 01:26:26,760
clear there's one thing that's interesting and everything else is

1418
01:26:27,159 --> 01:26:32,640
just more of the same. Bitcoin punches a hole into

1419
01:26:33,319 --> 01:26:38,319
the chart sixty percent over the past four years, and

1420
01:26:40,760 --> 01:26:44,239
if we zoom into that a little bit closer, this

1421
01:26:44,399 --> 01:26:49,079
is asset performance. Since micro Strategy adopted the Bitcoin standard,

1422
01:26:50,159 --> 01:26:54,680
the s and p's returning thirteen percent a year, real estate,

1423
01:26:54,880 --> 01:26:57,920
ten percent a year, goal, seven percent a year, bonds

1424
01:26:58,000 --> 01:26:59,399
or minus five percent a year.

1425
01:26:59,720 --> 01:27:03,560
Speaker 3: This is why people who study this and are into

1426
01:27:03,640 --> 01:27:07,560
bitcoin point out that it is the superior asset and

1427
01:27:07,880 --> 01:27:10,319
store of value that will begin to eat all the

1428
01:27:10,399 --> 01:27:14,880
other stores of value When people figure out that you'd

1429
01:27:15,000 --> 01:27:17,760
rather have the twenty thousand dollars in bitcoin than in

1430
01:27:17,840 --> 01:27:20,359
a rolex because in ten years the bitcoin will pay

1431
01:27:20,439 --> 01:27:24,359
you out a much better return and much better, I

1432
01:27:24,439 --> 01:27:27,560
mean way better than a dang rolex. Okay, so a

1433
01:27:27,680 --> 01:27:30,760
rolex might go up a few thousand dollars five maybe

1434
01:27:32,199 --> 01:27:35,119
over ten years or something. And what does bitcoin do

1435
01:27:35,239 --> 01:27:37,800
over ten years? Well it has so far, I mean,

1436
01:27:37,840 --> 01:27:41,640
the average return is sixty percent a year and you

1437
01:27:41,720 --> 01:27:47,000
basically get a ten x every five years. So why

1438
01:27:47,039 --> 01:27:49,439
would I put twenty thousand dollars into a dang rolex

1439
01:27:50,000 --> 01:27:52,520
when I'm going to get a sixty percent return on average?

1440
01:27:53,119 --> 01:27:59,079
Versus a five or ten percent return, just like real

1441
01:27:59,239 --> 01:28:04,560
estate small returns. Here's the chart telling you the returns.

1442
01:28:05,520 --> 01:28:07,319
So you want to learn about money. You want you

1443
01:28:07,319 --> 01:28:09,840
want to get out of the poorhouse. We are learning

1444
01:28:09,880 --> 01:28:12,600
tonight how to do this. We're gonna have to understand

1445
01:28:12,680 --> 01:28:19,920
how this stuff works. Every year, on average, since its inception,

1446
01:28:20,119 --> 01:28:24,079
it's creation, Bitcoin has returned sixty percent. The next best

1447
01:28:24,239 --> 01:28:28,039
level of return is the Magnificent seven stocks, the Apples,

1448
01:28:28,119 --> 01:28:32,279
and the Googles twenty nine percent, so double if you'd

1449
01:28:32,279 --> 01:28:36,479
have bitcoin. Think of all the boomers, all the goofballs

1450
01:28:36,960 --> 01:28:41,439
that have, however, many trillions of dollars into the Magnificent seven,

1451
01:28:41,720 --> 01:28:44,960
and they could have had double that if they had

1452
01:28:45,039 --> 01:28:46,159
had their money in bitcoin.

1453
01:28:48,119 --> 01:28:48,239
Speaker 7: Uh.

1454
01:28:48,319 --> 01:28:50,720
Speaker 3: The S and P five hundred has given you thirteen percent.

1455
01:28:51,560 --> 01:28:56,399
And that's what that multi super million dollar dude Hormosi

1456
01:28:56,560 --> 01:29:00,319
was telling you. To wait for fifty years, putting one

1457
01:29:00,399 --> 01:29:02,880
hundred dollars a week into the S and P five hundred,

1458
01:29:03,359 --> 01:29:06,680
and then by the time you're seventy and you're about

1459
01:29:06,760 --> 01:29:11,800
to die on your ventilator and your smoke, your your

1460
01:29:11,920 --> 01:29:15,359
oxygen tank, you'll have millions of dollars. Okay, well, now

1461
01:29:15,359 --> 01:29:19,359
I don't want to wait until I'm carrying my oxygen

1462
01:29:19,479 --> 01:29:22,560
tank into the you know, old folks home to have

1463
01:29:23,640 --> 01:29:28,439
fifty million dollars. We'll have fifty million dollars from bitcoin

1464
01:29:28,600 --> 01:29:32,800
in ten to fifteen years. Okay, that's how that's how

1465
01:29:32,800 --> 01:29:41,760
you do it, not fifty years in ten years. What

1466
01:29:41,920 --> 01:29:46,479
a gold return the boomers? Seven percent? Oh wow, good job?

1467
01:29:46,960 --> 01:29:56,359
Seven percent in four years? Excuse me, seven percent a year.

1468
01:29:57,359 --> 01:30:01,359
Analyzing the last four years, I should say, so, going

1469
01:30:01,439 --> 01:30:06,119
back to twenty twenty, what did gold give you? Seven percent?

1470
01:30:06,439 --> 01:30:06,720
Speaker 5: Wow?

1471
01:30:06,920 --> 01:30:08,680
Speaker 3: Thank you, Peter Schiff. Seven percent.

1472
01:30:13,039 --> 01:30:15,560
Speaker 11: As you can see the cost of coupital, the hurdle

1473
01:30:15,640 --> 01:30:17,840
rate there is thirteen. The only thing that's beating it

1474
01:30:17,920 --> 01:30:21,359
that's conventional is the Magnificent seven, which is a bit

1475
01:30:21,439 --> 01:30:24,000
more than doubling it. And then Bitcoin is doubling the

1476
01:30:24,079 --> 01:30:30,039
magnificent seven. So one of these things is really an

1477
01:30:30,159 --> 01:30:37,920
overwhelming winner. Bitcoin more than four times conventional performance. Let's

1478
01:30:37,960 --> 01:30:40,920
look out over fourteen years. It's the winner in eleven

1479
01:30:41,000 --> 01:30:44,359
of fourteen years. So it's not just it's up over

1480
01:30:44,439 --> 01:30:46,880
the last four years. It's up more over ten years,

1481
01:30:46,960 --> 01:30:52,119
eight years, twelve years. Here's another slice you can look

1482
01:30:52,159 --> 01:30:56,359
at everything in the world trying to find something which

1483
01:30:56,479 --> 01:31:00,359
is more compelling. But bitcoin is showing an annualized performance

1484
01:31:00,359 --> 01:31:04,960
one hundred and forty seven from twenty eleven. But again,

1485
01:31:05,239 --> 01:31:07,600
you know, after bitcoin, you just fall to like your

1486
01:31:07,640 --> 01:31:15,600
best growth stock idea. And it's not just the best

1487
01:31:15,680 --> 01:31:20,760
performing asset, it's the best performing uncorrelated asset. It's got

1488
01:31:20,800 --> 01:31:24,319
the highest sharp ratio, it's also got the lowest correlation.

1489
01:31:24,560 --> 01:31:26,359
Speaker 7: These are these are fidelity numbers.

1490
01:31:26,399 --> 01:31:30,000
Speaker 11: So the entire world is looking for an investment idea

1491
01:31:30,119 --> 01:31:34,720
that's uncorrelated to risk assets. You know, we have entire conferences,

1492
01:31:34,840 --> 01:31:38,239
alternative investment conferences, and we talk about should it be

1493
01:31:38,319 --> 01:31:41,159
real estates, should it be natural gas rights, should it

1494
01:31:41,199 --> 01:31:42,399
be intellectual property?

1495
01:31:43,119 --> 01:31:44,319
Speaker 7: Well, bitcoin is.

1496
01:31:44,439 --> 01:31:50,479
Speaker 11: The global fungible liquid alternative asset, and you don't.

1497
01:31:50,319 --> 01:31:55,720
Speaker 3: Have We got super chat from to Shuba two bucks.

1498
01:31:56,119 --> 01:31:59,359
Young guys should join the trades like being electrician. Yeah,

1499
01:31:59,359 --> 01:32:03,319
I would say probably that's a much better route, especially

1500
01:32:03,439 --> 01:32:05,199
than you know, I want to go to I want

1501
01:32:05,239 --> 01:32:07,439
to go to college and study philosophy. And the humanity

1502
01:32:07,520 --> 01:32:09,880
is don't waste your time. You're gonna get a much

1503
01:32:09,960 --> 01:32:14,840
of woke purple hair brainwashing nonsense. I would never go

1504
01:32:15,000 --> 01:32:18,319
back to my Leaving grad school was the smartest thing

1505
01:32:18,359 --> 01:32:21,000
I ever did. Okay, we wouldn't be where we are

1506
01:32:21,960 --> 01:32:24,000
with what we have. I'm not gonna say what we

1507
01:32:24,079 --> 01:32:28,159
have had I not left idiot grad school and it

1508
01:32:28,279 --> 01:32:30,840
was the greatest. I was scared. It was a scary decision,

1509
01:32:31,800 --> 01:32:33,239
and I thought, you know what, I might as well

1510
01:32:33,359 --> 01:32:36,039
try to do my own thing, write my own books,

1511
01:32:36,119 --> 01:32:40,319
start my own business, buy my own investments, real estate,

1512
01:32:40,359 --> 01:32:45,920
et cetera. And we did and it worked. But had

1513
01:32:46,000 --> 01:32:49,199
I had the mindset of I'm gonna go to college

1514
01:32:49,239 --> 01:32:51,760
and I'm gonna get my just giving up all that

1515
01:32:51,880 --> 01:32:55,760
idiot nonsense of the pride and intellectual not almanna be

1516
01:32:55,840 --> 01:32:58,920
a professor, and I'm going to and what you're gonna

1517
01:32:58,920 --> 01:33:05,279
affect what fifty students a year when we reach on

1518
01:33:05,399 --> 01:33:15,640
this channel alone, millions of people a year now. So

1519
01:33:18,000 --> 01:33:21,600
Tshuva is probably right that the trades are probably a

1520
01:33:21,720 --> 01:33:24,840
much better route for young dudes than people who think, oh,

1521
01:33:24,840 --> 01:33:25,960
I don't want to do that, I want to be

1522
01:33:26,000 --> 01:33:29,640
able to be a professor. They don't want you, especially

1523
01:33:29,640 --> 01:33:34,359
if you're a white dude and you're straight, especially if

1524
01:33:34,359 --> 01:33:36,319
you're a Christian They don't want you teaching and them

1525
01:33:36,560 --> 01:33:38,239
you're not going to be welcome there. They're going to

1526
01:33:38,279 --> 01:33:46,279
do everything to try to get rid of you. Saronis

1527
01:33:46,359 --> 01:33:48,479
says you should rush to find a trade now. A

1528
01:33:48,520 --> 01:33:51,319
lot of people are seeking trades because they're realizing that

1529
01:33:51,560 --> 01:33:55,319
their stupid degrees don't get them anything. Exactly, and I

1530
01:33:55,439 --> 01:34:05,720
realize that in twenty eleven and exactly based cothr or

1531
01:34:05,800 --> 01:34:07,800
five bucks, you don't need to go to college to

1532
01:34:07,880 --> 01:34:11,840
think critically, Yeah, exactly. I mean I don't know what

1533
01:34:11,960 --> 01:34:13,920
college is like now, and I mean some people might

1534
01:34:13,960 --> 01:34:16,600
be in a situation where it's good for them to

1535
01:34:16,680 --> 01:34:21,359
do it right. There might be people who would benefit

1536
01:34:21,520 --> 01:34:25,800
from engineering in college, or you know, maybe they have

1537
01:34:26,000 --> 01:34:29,560
a scholarships and everything's paid for. Yeah, in those cases,

1538
01:34:29,640 --> 01:34:32,760
that's fine. But to go into these things and view

1539
01:34:32,800 --> 01:34:36,159
it like, oh, you know, I'm going to be a

1540
01:34:36,199 --> 01:34:37,840
professor and I'm going to go to the humanity is

1541
01:34:37,920 --> 01:34:42,159
that's like the worst idea. Fugazi one dollar Andrew Wilson

1542
01:34:42,159 --> 01:34:44,600
wants to debate you on bitcoin. Let's do it, dude.

1543
01:34:45,239 --> 01:34:49,159
That'd be a fun debate. I didn't know he had

1544
01:34:49,199 --> 01:34:52,000
an anti bitcoin position, but yeah, I'm happy to debate

1545
01:34:52,359 --> 01:34:55,479
anybody on the positions, and I can debate people that

1546
01:34:55,680 --> 01:34:57,920
are on our side or that we have good relationships with.

1547
01:34:58,399 --> 01:35:01,479
In fact, I asked Chase Guy to do a debate

1548
01:35:02,520 --> 01:35:06,079
on bitcoin the other day and he was like, no,

1549
01:35:06,159 --> 01:35:08,720
I'd rather not do a debate. You know, that's just

1550
01:35:08,840 --> 01:35:13,239
just my position. And then people in the comments were like, oh, fight,

1551
01:35:13,439 --> 01:35:17,960
fight fight. I can have a disagreement with people that

1552
01:35:18,119 --> 01:35:21,640
I largely disagree with, and it's fine. We don't have

1553
01:35:21,720 --> 01:35:31,159
to like, you know, break Park Company or something glitchy

1554
01:35:31,239 --> 01:35:35,000
Rhythm five dollars, Thank you, Papa J cigarette smoke, Thank you.

1555
01:35:35,279 --> 01:35:37,920
John Bart joins becomes a member. Shout out to John Bart.

1556
01:35:40,840 --> 01:35:41,840
All right, let's get back to this.

1557
01:35:42,039 --> 01:35:43,560
Speaker 11: I have to believe me or like, you don't have

1558
01:35:43,560 --> 01:35:46,119
to juststand the fundamentals, even if you don't want to

1559
01:35:46,159 --> 01:35:48,119
spend a thousand hours studying it. You can just look

1560
01:35:48,159 --> 01:35:51,279
at the chart published by Fidelity. It gives you the

1561
01:35:51,319 --> 01:35:52,000
same answer.

1562
01:35:54,199 --> 01:35:57,239
Speaker 7: Black Rock. And now they launched a bitcoin ETF a

1563
01:35:57,319 --> 01:36:01,800
year ago. Uh that ETF.

1564
01:36:02,680 --> 01:36:08,159
Speaker 11: Leaped above one thousand, one hundred ETFs that they sell

1565
01:36:08,399 --> 01:36:12,159
to be number thirteen in twelve months. So that just

1566
01:36:12,239 --> 01:36:16,079
shows you how fast it's moving, you know, blowing past

1567
01:36:16,119 --> 01:36:17,760
one thousand other ETFs.

1568
01:36:18,600 --> 01:36:19,399
Speaker 7: But it's more than that.

1569
01:36:21,439 --> 01:36:24,479
Speaker 11: That ETF is the most successful ETF launch in the

1570
01:36:24,640 --> 01:36:25,800
history of ETFs.

1571
01:36:26,640 --> 01:36:28,359
Speaker 7: And I would say if you look at Wall Street

1572
01:36:28,399 --> 01:36:29,279
over forty.

1573
01:36:29,079 --> 01:36:32,800
Speaker 11: Years, the last big innovation in Wall Street was the ETF.

1574
01:36:33,640 --> 01:36:36,960
The idea that you could buy spy or you could

1575
01:36:37,039 --> 01:36:43,600
buy a portfolio of QQQ or a diversified portfolio of assets.

1576
01:36:43,640 --> 01:36:47,880
That was the big idea, big enough to attract trillions

1577
01:36:47,920 --> 01:36:52,279
of dollars of capital and the most successful example of

1578
01:36:52,439 --> 01:36:52,840
that big.

1579
01:36:53,199 --> 01:36:57,000
Speaker 3: So the reason this matters for people that are not familiar.

1580
01:36:57,560 --> 01:37:00,680
We had the pass in back what January last year

1581
01:37:02,560 --> 01:37:06,399
of the bitcoin ETFs, which were or whenever it was.

1582
01:37:08,039 --> 01:37:12,239
That meant that there's now corporate institutional acceptance of bitcoin,

1583
01:37:13,000 --> 01:37:17,520
and that was huge because now it's rising to a

1584
01:37:17,640 --> 01:37:22,279
new level of mass acceptance and adoption that it previously

1585
01:37:22,359 --> 01:37:25,319
didn't have because it was seen as online gambling and

1586
01:37:25,359 --> 01:37:30,119
the currency of drug dealers or whatever. With the acceptance

1587
01:37:30,159 --> 01:37:32,199
of an ETF, you have a new level of acceptance

1588
01:37:32,239 --> 01:37:37,039
of corporations and now boomers can have access to this

1589
01:37:37,399 --> 01:37:42,640
very difficult, complicated cryptocurrencies type stuff where they don't have

1590
01:37:42,760 --> 01:37:46,199
to have direct custody. Now I would not do this,

1591
01:37:47,119 --> 01:37:50,199
but boomers do not want to fool with learning about

1592
01:37:50,239 --> 01:37:53,680
this and self custody. So it's still a bullish thing,

1593
01:37:53,880 --> 01:37:55,960
even though it's kind of not really the spirit of

1594
01:37:56,000 --> 01:37:59,920
bitcoin in terms of bypassing the banks third party try

1595
01:38:00,239 --> 01:38:03,119
because if you buy ETFs or if you buy you know,

1596
01:38:03,199 --> 01:38:08,000
bitcoin through fidelity or whatever, you're still engaging in third

1597
01:38:08,039 --> 01:38:11,000
party trust that they're going to perform and hold the

1598
01:38:11,039 --> 01:38:13,000
bitcoin correctly and that they're going to do everything right.

1599
01:38:13,039 --> 01:38:16,039
They're not going to dump it. The purpose of bitcoin

1600
01:38:16,159 --> 01:38:19,880
is actually to get rid of banks and third party

1601
01:38:20,039 --> 01:38:24,800
counter risk. So it's not in keeping with the spirit

1602
01:38:24,880 --> 01:38:29,000
of bitcoin, but it is still bullish, and it is

1603
01:38:29,039 --> 01:38:32,760
still a level of institutional acceptance for bitcoin that had

1604
01:38:32,800 --> 01:38:36,279
previously not been seen. And so that's why he's pointing

1605
01:38:36,359 --> 01:38:39,920
out the importance of these and then it really gives

1606
01:38:41,039 --> 01:38:45,000
new attitude to something that even even a lot of

1607
01:38:45,039 --> 01:38:47,119
people in the corporate world or the government world were

1608
01:38:47,159 --> 01:38:49,640
still very skeptical about. That's why it's such a huge deal.

1609
01:38:50,159 --> 01:38:52,680
That's part of the reason why bitcoin has surpassed on

1610
01:38:52,720 --> 01:38:54,920
hundred thousand dollars it's not the only reason, it's just

1611
01:38:55,000 --> 01:38:55,479
part of the reason.

1612
01:38:55,600 --> 01:39:01,079
Speaker 7: The idea is I bit right, which has just been

1613
01:39:01,119 --> 01:39:02,439
a screaming home run.

1614
01:39:04,920 --> 01:39:07,560
Speaker 3: Placing your first option straight, You've come to the right

1615
01:39:07,640 --> 01:39:10,439
place with real time insights from.

1616
01:39:12,039 --> 01:39:14,520
Speaker 11: Not only is it run past nearly all of the

1617
01:39:14,920 --> 01:39:19,039
blackrock ETFs and all the other atfs, it's actually outstripped

1618
01:39:19,119 --> 01:39:23,520
Blackrocks Gold Fund, which is around forever IAU and it

1619
01:39:23,600 --> 01:39:28,479
did it in twelve months. Right, digital gold is better

1620
01:39:28,600 --> 01:39:32,680
than gold, just like digital photos are better than physical photos,

1621
01:39:32,760 --> 01:39:37,399
and digital videos are better than your you know, than

1622
01:39:37,439 --> 01:39:42,000
your VHS cassettes. Right, it's not a complicated idea. I

1623
01:39:42,159 --> 01:39:43,800
digitally transformed something.

1624
01:39:44,000 --> 01:39:45,319
Speaker 7: It's a million times.

1625
01:39:45,199 --> 01:39:47,479
Speaker 3: And now better. There he's talking about in terms of

1626
01:39:47,520 --> 01:39:53,479
efficiency and ease and simplicity, not onto logically metaphysically better,

1627
01:39:53,640 --> 01:40:00,239
because I believe in physical things. We're not gnostics leaving

1628
01:40:00,239 --> 01:40:04,079
the incarnation. And I mean, there's nothing about this system

1629
01:40:04,159 --> 01:40:08,560
that necessitates that you never have the physical items. For example,

1630
01:40:08,680 --> 01:40:11,279
when people who are big gold bulls are constantly telling

1631
01:40:11,359 --> 01:40:15,239
me that oh, goal's superiora We'll go Google. Uh, well,

1632
01:40:15,840 --> 01:40:19,520
if you want more gold, then logically you should have

1633
01:40:19,880 --> 01:40:22,439
more bitcoin because in ten years, you'll be able to

1634
01:40:22,479 --> 01:40:25,039
buy all the gold you want from putting all of

1635
01:40:25,279 --> 01:40:28,439
your stash into bitcoin. In my opinion, that's my analysis.

1636
01:40:28,920 --> 01:40:31,760
So there's a life, there's a gold hack for you.

1637
01:40:31,840 --> 01:40:33,479
If you want to get more gold, gold all over

1638
01:40:33,680 --> 01:40:36,079
my chain, go to lover my watch. Don't believe me,

1639
01:40:36,239 --> 01:40:42,600
just watch. It makes sense to have had bitcoin for

1640
01:40:42,600 --> 01:40:43,359
the next ten years.

1641
01:40:43,800 --> 01:40:43,960
Speaker 9: Mine.

1642
01:40:43,960 --> 01:40:47,840
Speaker 11: It's smarter, a million times faster, a million times more ubiquitous,

1643
01:40:48,159 --> 01:40:52,119
a million times you know, lighter than the thing that

1644
01:40:52,239 --> 01:40:57,800
it replaced. In twenty twenty four ten in the top

1645
01:40:57,920 --> 01:41:02,960
twenty ETFs launch, we're all based on bitcoin, right, So

1646
01:41:03,920 --> 01:41:06,279
everybody's cool ideas, right, it's based on.

1647
01:41:06,359 --> 01:41:08,560
Speaker 7: Bitcoin or some derivative of bitcoin.

1648
01:41:12,039 --> 01:41:18,760
Speaker 11: Those spot bitcoin ETFs, they are their compliance gateways or rappers.

1649
01:41:19,720 --> 01:41:22,640
If I want to buy bitcoin, then I have to

1650
01:41:22,720 --> 01:41:27,079
solve the compliance problem, the compatibility problem, the convenience problem.

1651
01:41:28,000 --> 01:41:32,520
And in January of twenty twenty four the first ETFs

1652
01:41:32,560 --> 01:41:35,960
got approved in the US to do this. This is

1653
01:41:36,039 --> 01:41:40,159
the list of them. In that twelve months, they siphoned

1654
01:41:40,239 --> 01:41:43,760
up one hundred and nine billion dollars of AUM. So

1655
01:41:43,840 --> 01:41:46,079
it gives you a sense of just how fast they moved.

1656
01:41:47,880 --> 01:41:52,319
They were a solution to a problem, right, But it's

1657
01:41:52,399 --> 01:41:57,800
not just a US phenomena. ETFs that are backing bitcoin

1658
01:41:58,199 --> 01:42:00,760
or back by bitcoin are popping up every country in

1659
01:42:00,840 --> 01:42:03,640
the world, and so you can see they're in Canada,

1660
01:42:03,720 --> 01:42:04,560
they're in Swen.

1661
01:42:05,239 --> 01:42:09,199
Speaker 3: Now this is important because not only do the ETF

1662
01:42:09,319 --> 01:42:14,680
signify institutional acceptance. Now that the Trump administration sends the

1663
01:42:15,399 --> 01:42:18,439
Bitcoin conference which we were at where we heard Trump speak,

1664
01:42:19,840 --> 01:42:25,359
he wants, along with Senator loomis the future Strategic Bitcoin Reserve,

1665
01:42:26,720 --> 01:42:29,479
which if that passes, it may not, We don't know.

1666
01:42:30,479 --> 01:42:33,079
Bitcoin's future is not ultimately dependent upon that. But if

1667
01:42:33,119 --> 01:42:36,119
that does pass, and if they do over the next

1668
01:42:36,159 --> 01:42:39,960
five years purchase a million bitcoin, that will send bitcoin

1669
01:42:40,079 --> 01:42:42,079
to the moon. And the reason why it's not just

1670
01:42:42,359 --> 01:42:46,520
US purchase, it's also the fact that that will be

1671
01:42:46,840 --> 01:42:49,800
also a supply shock, and the supply shock due to

1672
01:42:50,199 --> 01:42:54,560
supply and demand would send the price even higher than

1673
01:42:54,920 --> 01:42:58,399
drumpt of because it's not just America, it's also the

1674
01:42:58,520 --> 01:43:02,199
other nation states. Nobody would want to be last when

1675
01:43:02,279 --> 01:43:05,199
that occurs, so everybody will be wanting to front run

1676
01:43:05,279 --> 01:43:09,079
the other countries. You see, So it's not just a

1677
01:43:09,119 --> 01:43:10,800
matter of the ETFs. And it's not just a matter

1678
01:43:10,920 --> 01:43:16,560
of the other countries. It's also the supply shock that

1679
01:43:16,800 --> 01:43:20,680
there's not that much bitcoin to go around. That means

1680
01:43:20,720 --> 01:43:24,600
the demand rises the price even more. You see. So

1681
01:43:24,760 --> 01:43:27,359
let's move past the gold stuff here and let's get

1682
01:43:27,359 --> 01:43:32,880
over into somethings.

1683
01:43:30,359 --> 01:43:31,039
Speaker 7: Around the world.

1684
01:43:35,600 --> 01:43:39,560
Speaker 11: Wealthy families, they're always looking for how to diversify their assets.

1685
01:43:39,600 --> 01:43:43,359
Speaker 7: It's like I own a bunch of real estate or diversified.

1686
01:43:43,560 --> 01:43:46,399
Speaker 3: So you understand, like the rich people in the world

1687
01:43:46,479 --> 01:43:50,479
are doing this, and you've had the opportunity to front

1688
01:43:50,560 --> 01:43:54,000
run the fortune one hundred, fortune five hundred and the billionaires,

1689
01:43:54,119 --> 01:43:57,159
and now they're figuring this out. You could have front

1690
01:43:57,239 --> 01:44:02,399
run all these people. And even when they all convert

1691
01:44:02,479 --> 01:44:06,439
to wanting this as they are right now, goofballs. There's

1692
01:44:06,560 --> 01:44:10,840
not enough to go around. There's very little bitcoin two

1693
01:44:10,960 --> 01:44:15,640
go around. And so the more this catches on, the

1694
01:44:15,680 --> 01:44:19,039
more people figure this out, the more there's going to

1695
01:44:19,119 --> 01:44:24,600
be a rush to get bitcoin. Now that might not

1696
01:44:24,720 --> 01:44:29,079
happen in this year we're talking about. Sailor's estimation is

1697
01:44:30,159 --> 01:44:34,520
what do you say, thirteen million dollar bitcoin in ten years,

1698
01:44:34,720 --> 01:44:38,159
thirteen years, fifteen years, something like that, which that alone

1699
01:44:38,279 --> 01:44:45,319
is phenomenal. It might be more, but via his estimation, right,

1700
01:44:45,399 --> 01:44:48,479
so that would be a what is that one hundred

1701
01:44:48,520 --> 01:44:53,039
acts from where we are roughly in thirteen years, which

1702
01:44:53,079 --> 01:44:58,359
actually makes sense because already every fourty five years bitcoin

1703
01:44:58,439 --> 01:45:00,960
does a ten x or I want them.

1704
01:45:00,880 --> 01:45:05,039
Speaker 11: All other alternative assets, Well, there's sixty global billionaires that

1705
01:45:05,159 --> 01:45:07,119
we know publicly are invested in bitcoin.

1706
01:45:07,600 --> 01:45:08,840
Speaker 7: I give you a short list.

1707
01:45:09,640 --> 01:45:13,399
Speaker 11: But the more important point is bitcoin is the fastest

1708
01:45:13,479 --> 01:45:17,439
growing alternative investment for high net what high net worth

1709
01:45:17,560 --> 01:45:18,600
individuals in the world.

1710
01:45:19,600 --> 01:45:20,039
Speaker 7: And it's a.

1711
01:45:21,560 --> 01:45:25,760
Speaker 11: It's a it's a very straightforward, powerful idea. You know,

1712
01:45:26,600 --> 01:45:30,520
I'm going to buy a buildings. That's buying property to

1713
01:45:31,079 --> 01:45:36,039
diversify myself and get away from risk exposure. That's great,

1714
01:45:36,119 --> 01:45:41,039
but buildings are liquid and they're not fungible. What if

1715
01:45:41,039 --> 01:45:43,119
I could buy a digital building, and I could buy it.

1716
01:45:43,159 --> 01:45:45,760
Speaker 12: Two hundred dollars at a time, or two hundred million

1717
01:45:45,800 --> 01:45:48,520
dollars at a time, or two billion dollars at a time,

1718
01:45:49,399 --> 01:45:53,520
and what if it offered the same economic property rights,

1719
01:45:53,600 --> 01:45:56,239
if it offered the same characteristics whether you bought two

1720
01:45:56,359 --> 01:45:59,279
hundred dollars or two hundred million dollars of it.

1721
01:46:00,159 --> 01:46:01,359
Speaker 7: That's a powerful idea.

1722
01:46:04,159 --> 01:46:08,479
Speaker 3: Demetrios Claudo's welcome to members. Remember, guys can go over

1723
01:46:08,560 --> 01:46:11,399
to the members tab to get access to the members talks.

1724
01:46:11,640 --> 01:46:14,479
Emperor Shiv two seventy nine. Jay, I'm doing my thesis

1725
01:46:14,560 --> 01:46:19,119
on the Yakub apparitions. Now that's a man who knows

1726
01:46:19,159 --> 01:46:20,119
how to do theology.

1727
01:46:21,960 --> 01:46:25,920
Speaker 11: It's a fungible idea, it's a global idea. It's an

1728
01:46:25,960 --> 01:46:29,680
idea people can remember, right. And it's not likely that

1729
01:46:29,880 --> 01:46:33,319
you can buy the same physical assets that Elon Mosk

1730
01:46:33,399 --> 01:46:36,479
and Mark Zuckerberg own, but you can buy the same

1731
01:46:36,600 --> 01:46:40,000
bitcoin they own, and you've got the same rights parapasu

1732
01:46:40,199 --> 01:46:46,720
to them. There's seven seventy public companies that are capitalizing

1733
01:46:46,800 --> 01:46:49,520
on bitcoin right now. You're starting to see this explode.

1734
01:46:51,199 --> 01:46:55,680
Companies like some Larns, Companies like Mara and Riot and Color,

1735
01:46:56,720 --> 01:46:59,880
you know, all of them are realizing that if they

1736
01:47:00,119 --> 01:47:04,840
recapitalize on bitcoin, they go from investing in a bond

1737
01:47:05,000 --> 01:47:07,720
that loses ten percent of its value a year to

1738
01:47:08,359 --> 01:47:11,479
a bitcoin that gains forty percent more.

1739
01:47:11,479 --> 01:47:12,279
Speaker 1: Value a year.

1740
01:47:12,920 --> 01:47:15,359
Speaker 11: It's simply flipping of a light switch. This is a

1741
01:47:15,439 --> 01:47:23,399
virtuous economic dynamic. It's spreading virally. You see seventy companies,

1742
01:47:23,479 --> 01:47:25,720
then it'll be seven hundred, then it'll be seven thousand,

1743
01:47:25,800 --> 01:47:27,039
then'll be seventy thousand.

1744
01:47:27,199 --> 01:47:30,800
Speaker 7: There's four hundred million companies in the world. Who doesn't

1745
01:47:30,840 --> 01:47:31,359
want money?

1746
01:47:32,199 --> 01:47:34,560
Speaker 3: Again, do you people not see that this is the

1747
01:47:34,680 --> 01:47:38,840
logical trajectory here of the goverment's going to shoot it down.

1748
01:47:39,640 --> 01:47:42,279
Don't give me the food from ten years ago. When

1749
01:47:42,319 --> 01:47:45,800
there's now seventy public companies running on bitcoin.

1750
01:47:48,920 --> 01:47:53,720
Speaker 11: Those bitcoin ETFs are outperforming all the commodity ETFs. So

1751
01:47:54,760 --> 01:47:57,319
I show you every commodity ETF. What you see is

1752
01:47:57,399 --> 01:48:03,399
Bitcoin's crushing everything. Gold is second best. The rest are

1753
01:48:03,520 --> 01:48:04,520
just trading vehicles.

1754
01:48:06,960 --> 01:48:09,000
Speaker 10: Here's the one thing I trust AI to do more

1755
01:48:09,039 --> 01:48:10,760
than you and ironically.

1756
01:48:10,479 --> 01:48:15,640
Speaker 3: So I'm going to move ahead spend. There's a ton

1757
01:48:15,680 --> 01:48:17,399
of slides, So I'm going to move ahead to some

1758
01:48:17,520 --> 01:48:20,079
of the slides that are not as interesting and relevant

1759
01:48:20,960 --> 01:48:23,199
that we kind of get the point here. So if

1760
01:48:23,239 --> 01:48:26,279
you wanted to put your move your money in other places, uh,

1761
01:48:26,640 --> 01:48:28,720
none of them have outperformed bitcoin.

1762
01:48:33,800 --> 01:48:37,039
Speaker 7: It's a it's another form of technology. It is it

1763
01:48:37,199 --> 01:48:41,479
is economic technology. I think of it as digital energy.

1764
01:48:42,560 --> 01:48:46,119
Speaker 3: But and this is why I often refer to the

1765
01:48:46,319 --> 01:48:49,960
energy metaphysics side of it as well. Sailor being an engineer,

1766
01:48:50,960 --> 01:48:55,680
he's very attuned to the physics and the engineering aspects

1767
01:48:55,720 --> 01:48:58,800
of it. Myself, being a philosopher, I'm very attuned to

1768
01:48:59,159 --> 01:49:02,880
the metaph physics aspects of this. Again, what makes money

1769
01:49:02,960 --> 01:49:07,960
money is to visible, portable, durable, recognizable, scarce and scarcity

1770
01:49:08,079 --> 01:49:11,000
is of course its the most important feature. And that's

1771
01:49:11,000 --> 01:49:15,800
why bitcoin is the scarcest asset, the hardest asset, given

1772
01:49:15,840 --> 01:49:18,640
that there's only twenty one million bitcoin that will ever exist.

1773
01:49:19,479 --> 01:49:21,359
Speaker 7: You know, if you started with this trope and you said,

1774
01:49:21,399 --> 01:49:22,439
what did Satoshi do?

1775
01:49:23,359 --> 01:49:29,159
Speaker 11: Satoshi discovered a method to transfer value without a trusted intermediary,

1776
01:49:29,920 --> 01:49:32,760
and people oftentimes repeat that, But.

1777
01:49:32,880 --> 01:49:36,720
Speaker 3: That's that's the energy transfer, the value transfer that I

1778
01:49:36,840 --> 01:49:40,920
talked about, without counterparty risk, without third party risk. So

1779
01:49:41,000 --> 01:49:45,119
in other words, we're not having to rely on corrupt politicians,

1780
01:49:45,159 --> 01:49:52,560
corrupt bankers, corrupt security state people making sure that the

1781
01:49:52,680 --> 01:49:56,079
money goes where it's supposed to go. You see, it

1782
01:49:56,199 --> 01:49:59,960
can be done without those intermediaries, and that is a huge,

1783
01:50:00,079 --> 01:50:04,439
huge piece of the puzzle to remute remove corruption. Don't

1784
01:50:04,479 --> 01:50:09,439
you understand? Now there's not some group, some guy who

1785
01:50:09,520 --> 01:50:11,960
can just willy nilly decide how much money to print

1786
01:50:12,039 --> 01:50:13,119
to to value the currency.

1787
01:50:13,439 --> 01:50:15,960
Speaker 7: Small idea, it's not the big idea.

1788
01:50:16,880 --> 01:50:20,359
Speaker 11: Yes, we transfer a billion dollars from point A to

1789
01:50:20,479 --> 01:50:24,920
point B without a bank. The big idea is, in

1790
01:50:25,079 --> 01:50:28,560
order to transfer value without an intermediary, you have to

1791
01:50:28,720 --> 01:50:32,880
store the value without an intermediary. The big idea is

1792
01:50:32,960 --> 01:50:40,000
I put the billion dollars into cyberspace forever money in order.

1793
01:50:40,119 --> 01:50:43,439
The big idea is we launched a payload into orbit.

1794
01:50:44,039 --> 01:50:46,720
When you launch a payload into a ballistic trajectory, it

1795
01:50:46,800 --> 01:50:50,079
comes back to Earth. When you launch it into orbit,

1796
01:50:50,199 --> 01:50:54,239
it orbits forever. Right when you get to escape velocity,

1797
01:50:54,319 --> 01:50:58,079
maybe it's never coming back. So imagine the idea that

1798
01:50:58,159 --> 01:51:00,439
I could put a billion dollars into a bank in

1799
01:51:00,520 --> 01:51:07,039
cyberspace that would stay there, untarnished, not corroding, right, without

1800
01:51:07,119 --> 01:51:09,399
being debased, forever.

1801
01:51:11,239 --> 01:51:11,680
Speaker 7: Like forever.

1802
01:51:11,760 --> 01:51:15,199
Speaker 11: It's such a powerful idea, right, it's frictionless, it's superconducting.

1803
01:51:15,880 --> 01:51:19,560
The big idea is store value without intermediary. It means

1804
01:51:19,600 --> 01:51:23,399
you transcend banks, you transcend physical laws.

1805
01:51:24,319 --> 01:51:24,439
Speaker 8: Right.

1806
01:51:24,720 --> 01:51:25,560
Speaker 7: This represents a.

1807
01:51:25,560 --> 01:51:29,600
Speaker 11: Digital transformation to capital, from financial and physical assets to

1808
01:51:29,760 --> 01:51:34,640
digital pure digital, Like how much does a book weigh

1809
01:51:36,479 --> 01:51:39,680
if it's the Encyclopedia Britannica. How much does it weigh

1810
01:51:39,760 --> 01:51:44,039
when it's a digital Encyclopedia Britannica. One of them is

1811
01:51:44,079 --> 01:51:48,079
a billion trillion times lighter than the other. It's the

1812
01:51:48,560 --> 01:51:53,760
fundamental phase shift. Now what's that worth? Well, global wealth

1813
01:51:53,880 --> 01:51:56,520
is divided across a bunch of assets. Here's a nine

1814
01:51:56,640 --> 01:52:01,399
hundred trillion dollar wealth chart. People own half those things

1815
01:52:01,439 --> 01:52:03,079
for utility, they own buildings.

1816
01:52:03,560 --> 01:52:07,680
Speaker 3: So the reason he's talking about this is the estimated

1817
01:52:07,800 --> 01:52:14,920
global wealth in assets or any other you know things, money, cash, whatever, bonds,

1818
01:52:16,159 --> 01:52:20,760
all those assets, how they're divvied up in terms of

1819
01:52:20,800 --> 01:52:25,039
an estimate globally you have three hundred trillion in bonds,

1820
01:52:25,159 --> 01:52:27,600
one hundred and twenty in money, three hundred and thirty

1821
01:52:27,640 --> 01:52:32,880
trillion in real estate, eighteen trillion in art luxury items

1822
01:52:33,079 --> 01:52:38,520
like cars and collectibles, six trillion. Global asset value including

1823
01:52:38,640 --> 01:52:42,399
equities in gold then being nine hundred trillion. The point

1824
01:52:42,479 --> 01:52:47,079
is that although you will still have these things, as

1825
01:52:47,560 --> 01:52:53,479
bitcoin being the superior store of value comes to be,

1826
01:52:54,680 --> 01:52:57,720
it will eat these things, and so those things will

1827
01:52:57,760 --> 01:53:00,920
no longer be the stores of value. All the store

1828
01:53:00,960 --> 01:53:03,520
of value will shift to bitcoin like a giant black hole,

1829
01:53:03,560 --> 01:53:08,000
as Max Kaiser said, And then these things, maybe not

1830
01:53:08,199 --> 01:53:13,520
money but real estate, equity, art, whatever, they will be

1831
01:53:13,640 --> 01:53:18,359
denominated in bitcoin eventually. Most likely. Now there could be

1832
01:53:18,479 --> 01:53:21,920
some other thing that develops, some other crypto or something

1833
01:53:21,960 --> 01:53:24,560
that people use at a smaller day to day level.

1834
01:53:24,600 --> 01:53:27,880
Who knows a form of tether, a form of I

1835
01:53:27,920 --> 01:53:33,039
don't know. Could be other things. But Bitcoin becomes ultimately

1836
01:53:33,359 --> 01:53:38,399
the global store of value, store of wealth because there's

1837
01:53:38,479 --> 01:53:41,600
nothing else that is superior to it for that purpose.

1838
01:53:42,159 --> 01:53:45,880
Doesn't mean that people don't still want art or collectibles.

1839
01:53:45,960 --> 01:53:50,279
It just means that the shift for value store is

1840
01:53:50,359 --> 01:53:53,960
to bitcoin. And then people have those things as they

1841
01:53:54,079 --> 01:53:55,840
want and trade them and use them and buy them

1842
01:53:55,880 --> 01:53:57,520
as they want. They're still going to be markets, but

1843
01:53:58,319 --> 01:54:02,039
there's nothing that will be superior in terms of store value.

1844
01:54:02,239 --> 01:54:05,800
Obviously then bitcoin. This is why this is So when

1845
01:54:05,920 --> 01:54:11,760
what's this clicks, then you understand it. Then you understand, oh, oh,

1846
01:54:12,439 --> 01:54:15,960
this is why it's going to be ten million dollars

1847
01:54:16,000 --> 01:54:17,680
a coin, et cetera, et cetera.

1848
01:54:17,880 --> 01:54:20,439
Speaker 11: Divide it across a bunch of assets. Here's a nine

1849
01:54:20,560 --> 01:54:25,319
hundred trillion dollar wealth chart. People own half those things

1850
01:54:25,359 --> 01:54:28,760
for utility. They own buildings to live in or work in,

1851
01:54:28,880 --> 01:54:31,680
and they own cars to drive, and they own companies

1852
01:54:31,720 --> 01:54:34,439
to operate. But the other half of the assets are

1853
01:54:34,520 --> 01:54:38,159
just held as a long term store capital. You bought

1854
01:54:38,239 --> 01:54:40,479
it because you had money and you needed to put

1855
01:54:40,520 --> 01:54:42,760
the money to work, so you bought the You have

1856
01:54:42,840 --> 01:54:44,840
a land bank, you bought a bunch of land, you

1857
01:54:44,920 --> 01:54:48,199
bought a bunch of commercial real estate, you bought a

1858
01:54:48,279 --> 01:54:52,920
bunch of bonds. Half of everything is just long term capital.

1859
01:54:54,359 --> 01:54:59,520
So if that's what half of everything is, what's the problem. Well,

1860
01:54:59,560 --> 01:55:01,800
the problem is when you put your money, your four

1861
01:55:01,880 --> 01:55:05,560
uner fifty trillion, into that long term comptal investment, you

1862
01:55:05,680 --> 01:55:08,840
get hit with taxes, income tax, you get hit with

1863
01:55:08,960 --> 01:55:15,560
wage controls, price controls, regulations. There's a fire in California,

1864
01:55:15,680 --> 01:55:18,640
there's a hurricane in Florida.

1865
01:55:19,439 --> 01:55:21,279
Speaker 7: There's a war in Russia.

1866
01:55:21,359 --> 01:55:24,359
Speaker 3: Now the point of this is most of what's listed here,

1867
01:55:26,399 --> 01:55:31,239
for the most part, isn't really It cannot affect bitcoin ultimately.

1868
01:55:31,880 --> 01:55:34,279
Now there might be a regional thing where some government

1869
01:55:34,399 --> 01:55:36,600
tries to say you can't hold bitcoin or whatever, and

1870
01:55:37,000 --> 01:55:40,079
how might they go about that. Well, if you have

1871
01:55:40,520 --> 01:55:42,880
your own private keys memorized. There's not much they can

1872
01:55:42,960 --> 01:55:47,520
do except if you have your bitcoin on an exchange.

1873
01:55:47,560 --> 01:55:50,600
It's conceivably a government could seize an exchange, right say,

1874
01:55:50,840 --> 01:55:55,119
we decree that you know, xyz exchange for the national security,

1875
01:55:55,239 --> 01:55:57,319
we must seize it, you know, kind of a what

1876
01:55:57,880 --> 01:56:01,000
FDR did with gold type of thing. So those things

1877
01:56:01,039 --> 01:56:04,560
are possible, but they're not as likely now that this

1878
01:56:04,680 --> 01:56:10,000
administration is very pro crypto, pro bitcoin. Now that you

1879
01:56:10,079 --> 01:56:13,479
know you have institutional acceptance, corporate acceptance, et cetera, things

1880
01:56:13,720 --> 01:56:16,039
have moved away from a lot of the older fears

1881
01:56:16,159 --> 01:56:20,039
that we had ten fifty, ten eleven years ago for bitcoin,

1882
01:56:20,239 --> 01:56:22,319
all the stuff that all the food that they said

1883
01:56:22,359 --> 01:56:24,760
ten years ago, five years ago, even all the governments

1884
01:56:24,760 --> 01:56:27,640
are gonna ban it, They're gonna come steal all your

1885
01:56:27,680 --> 01:56:29,279
big goin like that. Not a lot of that's not

1886
01:56:29,520 --> 01:56:39,840
possible again because they can't really stop what has already

1887
01:56:41,479 --> 01:56:45,640
grown to be. So, like Putin said, who can really

1888
01:56:45,680 --> 01:56:46,399
stop this now?

1889
01:56:46,960 --> 01:56:47,079
Speaker 11: Right?

1890
01:56:47,119 --> 01:56:49,159
Speaker 3: Putin said this a couple of weeks ago. How do

1891
01:56:49,199 --> 01:56:52,359
you can't really stop bitcoin anymore? It's too late, It's

1892
01:56:52,359 --> 01:56:56,680
already global, it's already decentralized. There's no one headquarters. You

1893
01:56:56,800 --> 01:56:58,560
can't shut down all the nodes.

1894
01:56:58,239 --> 01:56:58,680
Speaker 4: In the world.

1895
01:56:58,720 --> 01:57:05,680
Speaker 3: It's just not possible. But other assets money, cash, et cetera. Gold,

1896
01:57:05,800 --> 01:57:09,159
and gold is subject to all of these risk factors

1897
01:57:10,119 --> 01:57:13,800
you see at least way more subject than bitcoin is.

1898
01:57:14,119 --> 01:57:16,279
So again another plus.

1899
01:57:17,319 --> 01:57:20,119
Speaker 7: Lash, there's going to be an inefficiency there.

1900
01:57:21,520 --> 01:57:25,079
Speaker 11: Well, bitcoin is an asset without that financial risk of

1901
01:57:25,159 --> 01:57:27,520
the currency, the stock, or the bonds you're going to buy,

1902
01:57:27,720 --> 01:57:30,159
and it doesn't have the physical risk of real estate

1903
01:57:30,800 --> 01:57:33,520
or property because you put it in cyberspace.

1904
01:57:33,720 --> 01:57:34,560
Speaker 7: It is an orbit.

1905
01:57:35,319 --> 01:57:38,520
Speaker 11: It is outside of the political domain, outside of the

1906
01:57:38,600 --> 01:57:44,319
physical domain, outside of a currency domain, and that is.

1907
01:57:45,920 --> 01:57:48,600
Speaker 7: A solution to long term capital.

1908
01:57:49,680 --> 01:57:54,159
Speaker 3: Now again, I want everybody to watch this whole lecture. Eventually,

1909
01:57:54,279 --> 01:57:55,880
if you have to leave, you don't want to spend

1910
01:57:55,880 --> 01:58:00,279
all this fine, just go Finally, eventually, please have watch

1911
01:58:00,359 --> 01:58:03,680
this whole thing, because if you disagree, I want to

1912
01:58:03,800 --> 01:58:05,640
know that you've at least watched this and you have

1913
01:58:05,920 --> 01:58:08,800
arguments or bases you at least understand the position right

1914
01:58:08,840 --> 01:58:15,840
before you disagree. People say in the chat, Obbsy becomes

1915
01:58:15,840 --> 01:58:18,119
a member, shout out to Ben says for five dollars.

1916
01:58:18,199 --> 01:58:20,479
What side are out to buy bitcoin? In the show

1917
01:58:20,560 --> 01:58:24,079
description is my link to Swan Bitcoin. Swan is an

1918
01:58:24,159 --> 01:58:27,199
only bitcoin only company, so there's a little it's a

1919
01:58:27,239 --> 01:58:31,079
little more difficult in terms of getting started there, but

1920
01:58:31,600 --> 01:58:33,560
it is a bitcoin only and you'll need to sort

1921
01:58:33,560 --> 01:58:37,039
of transfer it to a cold storage wallet. It may

1922
01:58:37,119 --> 01:58:40,199
not be the easiest, but it is probably the safest.

1923
01:58:41,279 --> 01:58:44,279
But the easiest route is through something like coinbase. I'm

1924
01:58:44,319 --> 01:58:47,000
not a huge fan, but it's the easiest way to

1925
01:58:47,199 --> 01:58:48,840
purchase in on ramp.

1926
01:58:50,159 --> 01:58:53,520
Speaker 11: But what you see is you see smart money everywhere

1927
01:58:53,560 --> 01:58:57,840
in the world. Smart here's the big idea. A bitcoin

1928
01:58:58,600 --> 01:59:03,239
you get to keep your money. That's the idea. Who

1929
01:59:03,399 --> 01:59:07,680
cares people that live in China and Russia and Africa

1930
01:59:07,960 --> 01:59:12,520
and South America and Asia and Europe that want to

1931
01:59:12,640 --> 01:59:16,880
keep their money. And so the money is flowing from

1932
01:59:16,960 --> 01:59:23,199
those long term capital assets, from that warehouse, from that currency,

1933
01:59:23,439 --> 01:59:28,439
from that South American bond, from that bar of gold

1934
01:59:31,600 --> 01:59:37,439
is flowing into bitcoin. Bitcoin is digital capital. So I

1935
01:59:37,479 --> 01:59:41,199
would submit to you I think the greatest digital transformation

1936
01:59:41,439 --> 01:59:44,600
of the twenty first century more important than.

1937
01:59:44,560 --> 01:59:48,079
Speaker 1: Digital music or trying to catch your breath.

1938
01:59:54,560 --> 01:59:54,840
Speaker 7: Kits.

1939
01:59:56,439 --> 02:00:00,279
Speaker 11: So imagine your one hundred million dollar building. I give

1940
02:00:00,279 --> 02:00:02,560
you one hundred million dollars and you own a building

1941
02:00:02,600 --> 02:00:07,399
in La Okay, or put it in Miami, or put

1942
02:00:07,439 --> 02:00:12,159
it in any city in the world, in Istanbul, and

1943
02:00:12,279 --> 02:00:16,279
now digitally transform it. What happens when you digitally transform

1944
02:00:16,359 --> 02:00:19,439
one hundred million dollar building, Well, you get rid of

1945
02:00:19,560 --> 02:00:22,119
all the things that are liabilities. You get rid of

1946
02:00:22,199 --> 02:00:25,079
the tax, the traffic, the tenants to torts, the trouble,

1947
02:00:25,239 --> 02:00:33,119
the weather, the corrosion, the regulator, the fact that you

1948
02:00:33,239 --> 02:00:36,279
can't move it. And then you add all the things

1949
02:00:36,319 --> 02:00:39,359
that make something more valuable. Right, how do you make

1950
02:00:39,399 --> 02:00:44,600
the building more valuable? You make it invisible, indestructible.

1951
02:00:43,800 --> 02:00:46,000
Speaker 3: In more notice. Some of these are the things that

1952
02:00:46,119 --> 02:00:51,359
I mentioned about. What are the characteristics of money, divisibility, portable,

1953
02:00:51,600 --> 02:00:56,079
that is, teleportable, durable, recognizable, scarcity, et cetera.

1954
02:00:56,640 --> 02:01:01,920
Speaker 11: Teleportable, programmable, divisible. You make it ungible, configurable, you make

1955
02:01:02,000 --> 02:01:06,159
it volatile. These things make the building more valuable. The

1956
02:01:06,279 --> 02:01:10,520
other things make the building less valuable. Bitcoin is, in essence,

1957
02:01:10,800 --> 02:01:14,720
just that digital transformation. If you had your one hundred

1958
02:01:14,720 --> 02:01:18,159
million dollar building in Ukraine, or you had it in

1959
02:01:18,319 --> 02:01:21,479
Syria or you had it and fill in the blank

1960
02:01:21,600 --> 02:01:26,720
Venezuela or Cuba or La, or you had it in

1961
02:01:27,279 --> 02:01:30,159
the path of whatever storm, or you had it in Moscow.

1962
02:01:31,319 --> 02:01:32,239
Speaker 7: What's it worth now?

1963
02:01:33,000 --> 02:01:33,119
Speaker 3: Right?

1964
02:01:33,760 --> 02:01:39,960
Speaker 7: And how does it degrade? Digital capital is global capital?

1965
02:01:41,640 --> 02:01:41,760
Speaker 4: Right?

1966
02:01:42,079 --> 02:01:44,399
Speaker 11: This idea of a building, right, It's like we can

1967
02:01:44,479 --> 02:01:46,720
debate whether or not you want your building in New

1968
02:01:46,840 --> 02:01:52,680
York or Miami, or La or San Francisco. But if

1969
02:01:52,720 --> 02:01:56,000
I took if I gave you a billion dollars and

1970
02:01:56,159 --> 02:02:00,319
I dropped you in Africa, and I said to you, Okay,

1971
02:02:00,439 --> 02:02:03,439
I want you to go buy a mixture of African

1972
02:02:04,439 --> 02:02:06,119
assets worth a billion dollars.

1973
02:02:06,159 --> 02:02:08,880
Speaker 7: Buy anything you want, buy it in any country.

1974
02:02:09,520 --> 02:02:14,159
Speaker 11: Buy land by the buy the buildings, buy the companies,

1975
02:02:14,600 --> 02:02:18,600
Buy your favorite African currency, buy the Egyptian pound, buy

1976
02:02:18,720 --> 02:02:24,159
the naira, buy the krugar rand, buy a concession on

1977
02:02:24,319 --> 02:02:29,680
a whatever safari, Buy tents, buy mineral rights, buy it

1978
02:02:29,760 --> 02:02:31,039
all the catches.

1979
02:02:31,079 --> 02:02:33,680
Speaker 7: You have to hold it for one hundred years in Africa?

1980
02:02:35,840 --> 02:02:38,600
What are you going to buy? And now here's the

1981
02:02:38,640 --> 02:02:40,319
second question. Now they gave you a choice.

1982
02:02:40,800 --> 02:02:43,119
Speaker 11: You can either buy all that stuff and be locked

1983
02:02:43,199 --> 02:02:46,279
in that in that investment for one hundred years. Or

1984
02:02:47,159 --> 02:02:50,000
you can buy digital capital and the bitcoin network that

1985
02:02:50,520 --> 02:02:53,640
all the other smart rich people own and that you

1986
02:02:53,720 --> 02:02:56,960
can carry with you in your pocket. Or you can

1987
02:02:57,079 --> 02:02:59,760
zap it out of the you know, out of Africa

1988
02:03:00,880 --> 02:03:03,720
and it's in cyberspace and is not subject to African

1989
02:03:03,840 --> 02:03:05,039
political Jersey.

1990
02:03:05,439 --> 02:03:10,119
Speaker 3: Point being that constantly hammering home that is on the

1991
02:03:10,159 --> 02:03:14,319
part of sailor the point being that it's superior to

1992
02:03:14,680 --> 02:03:19,119
real estate, to land. Right, digital capital is superior to

1993
02:03:19,760 --> 02:03:22,960
land capital. And you're talking about bitcoin, not talking about

1994
02:03:23,079 --> 02:03:26,720
NFTs or whatever. Right, So let's skip ahead and let's

1995
02:03:26,720 --> 02:03:31,159
talk about how it's a revolutionary advance in preservation Higeria.

1996
02:03:31,319 --> 02:03:33,840
Speaker 11: You can buy a billion in bitcoin, but you cannot

1997
02:03:33,880 --> 02:03:36,640
buy a billion dollars of real estate in New York City,

1998
02:03:36,800 --> 02:03:39,479
and you cannot put your billion dollars into JP Morgan

1999
02:03:40,279 --> 02:03:42,039
and so you see on a relative base.

2000
02:03:42,239 --> 02:03:45,600
Speaker 3: So we got a super chat from Bobby C. Five dollars.

2001
02:03:46,600 --> 02:03:48,640
I used one bitcoin. I would recommend it. Yeah, my

2002
02:03:48,800 --> 02:03:53,000
last significant purchases were from Swan. I have a Swan

2003
02:03:54,000 --> 02:03:56,239
referral link in the show description. If you want to

2004
02:03:56,239 --> 02:04:02,920
get started bitcoin only. It's not the easiest, but you know,

2005
02:04:03,359 --> 02:04:06,119
it's you know, if you want to go wallet wise,

2006
02:04:07,239 --> 02:04:13,239
there's jade blockstream jade. Somebody gave me a like a

2007
02:04:13,359 --> 02:04:15,199
cold cart a long time ago. I never did use

2008
02:04:15,279 --> 02:04:20,319
it though, Airrod forty three five dollars. What do you

2009
02:04:20,319 --> 02:04:23,520
think about XRP? Not a fan, don't don't own it,

2010
02:04:24,359 --> 02:04:32,359
not interested in CEO centralized coins. People may trade it

2011
02:04:32,439 --> 02:04:34,479
in the short term and make money, but no, I

2012
02:04:34,520 --> 02:04:35,680
don't care about XRP.

2013
02:04:37,239 --> 02:04:41,000
Speaker 11: There's a certain appeal here and then here we can

2014
02:04:41,079 --> 02:04:46,760
see bitcoin is. It's a revolutionary advance and capital preservation.

2015
02:04:47,039 --> 02:04:49,520
Everything you own in this world probably has a useful

2016
02:04:49,600 --> 02:04:53,079
life of ten to one hundred years. So what if

2017
02:04:53,119 --> 02:04:54,800
I give you something with a useful life of a

2018
02:04:54,880 --> 02:04:59,600
thousand years? Like when gold in place of two percent

2019
02:04:59,640 --> 02:05:01,520
a year, that means it's got a half life of

2020
02:05:01,600 --> 02:05:05,000
thirty five years. Your capital in gold as a thirty

2021
02:05:05,079 --> 02:05:08,960
five year half life. When something inflates of zero percent

2022
02:05:09,039 --> 02:05:11,439
a year, your capital and that thing has a half

2023
02:05:11,520 --> 02:05:15,520
life of forever. There's the difference between two percent and

2024
02:05:15,720 --> 02:05:19,560
zero percent. Is I live thirty five years, I live

2025
02:05:19,680 --> 02:05:23,680
for a billion years. It's a pretty big difference. When

2026
02:05:23,720 --> 02:05:24,520
you compound it.

2027
02:05:26,279 --> 02:05:27,199
Speaker 7: Your time matters.

2028
02:05:27,760 --> 02:05:30,000
Speaker 13: So let us automate the manual tasks by you.

2029
02:05:33,479 --> 02:05:36,279
Speaker 7: So this thing we call bitcoin, it's a network.

2030
02:05:36,880 --> 02:05:41,199
Speaker 11: It's secured by energy, by electro energy, by computer power,

2031
02:05:41,359 --> 02:05:45,600
by political power, by economic power. It's simply put, it's

2032
02:05:45,680 --> 02:05:48,800
the most powerful crypto network in the world.

2033
02:05:49,079 --> 02:05:50,800
Speaker 7: Has the most popular support.

2034
02:05:51,680 --> 02:05:55,079
Speaker 11: It has more computer power than Amazon or Microsoft could

2035
02:05:55,159 --> 02:05:56,279
muster if they wanted to.

2036
02:05:57,000 --> 02:05:58,359
Speaker 7: People say, what's it back by?

2037
02:05:59,359 --> 02:06:03,119
Speaker 11: It's just back by power, a lot of power, right,

2038
02:06:03,720 --> 02:06:07,119
the political power to topple or tip an election, which

2039
02:06:07,199 --> 02:06:08,600
is what just happened in the US.

2040
02:06:09,520 --> 02:06:09,680
Speaker 8: Right.

2041
02:06:10,359 --> 02:06:15,479
Speaker 11: The computer power that is such a dense hash wall

2042
02:06:16,119 --> 02:06:18,840
that every computer on Earn turned against it, wouldn't donnant.

2043
02:06:21,680 --> 02:06:23,840
Let me switch gears to a twenty one year out

2044
02:06:23,920 --> 02:06:26,960
look a bitcoin. What do I think is going to happen? Well,

2045
02:06:27,039 --> 02:06:29,840
I've got an open source model. It's called Bitcoin twenty four.

2046
02:06:30,000 --> 02:06:33,399
Speaker 7: You can google. It is on GitHub. You can download this.

2047
02:06:33,720 --> 02:06:35,840
Speaker 11: You can plug in all your assumptions and create your

2048
02:06:35,880 --> 02:06:39,479
own forecast. But I think looking out over the next

2049
02:06:39,520 --> 02:06:42,840
twenty one years, you know, I just I think the

2050
02:06:42,960 --> 02:06:46,560
money supply, the currency supply, will continue to grow. You're

2051
02:06:46,560 --> 02:06:49,159
going to You're going to continue to see innovation, You're

2052
02:06:49,159 --> 02:06:54,439
going to see equities continue to grow, goal will gradually underperform.

2053
02:06:54,880 --> 02:06:59,840
Of course, Bitcoin is going to overperform. Equities will overperform

2054
02:07:00,239 --> 02:07:04,680
because of AI and technology. And this is a simple,

2055
02:07:05,000 --> 02:07:07,920
a simple view I put forth in Nashville in July,

2056
02:07:08,119 --> 02:07:10,880
and I haven't really changed from it. I expect the

2057
02:07:10,920 --> 02:07:14,600
bitcoin's going to go from sixty percent ARAR decelerating to

2058
02:07:14,680 --> 02:07:18,000
twenty percent for a blended rate of twenty nine percent.

2059
02:07:18,560 --> 02:07:21,960
Speaker 3: I think the volatility, this is your annual return rate

2060
02:07:22,079 --> 02:07:29,159
on average right hit sailor's bare case that is worst

2061
02:07:29,199 --> 02:07:34,359
case scenario for bitcoin by twenty forty five, three million,

2062
02:07:36,239 --> 02:07:40,600
base case scenario thirteen million, bowl case scenario forty nine million.

2063
02:07:41,920 --> 02:07:47,960
And that's with percentage of global assets in bitcoin. If

2064
02:07:48,000 --> 02:07:52,000
it's only seven percent by twenty forty five, that's thirteen million,

2065
02:07:52,199 --> 02:07:55,520
and that could happen sooner than twenty forty five. Twenty

2066
02:07:55,560 --> 02:07:59,600
two percent of global wealth and assets is what gets

2067
02:07:59,640 --> 02:08:03,640
you to forty nine million dollar per bitcoin. So right

2068
02:08:03,720 --> 02:08:07,880
now we're at he put July, I mean, we're at

2069
02:08:08,359 --> 02:08:12,600
to the coin's like a two trillion dollar market cut right, Yeah,

2070
02:08:12,720 --> 02:08:16,840
two trillion dollars right now, and that's over one hundred

2071
02:08:16,840 --> 02:08:25,239
thousand dollars bitcoin. So if we get a two hundred

2072
02:08:25,239 --> 02:08:31,279
and eighty trillion dollar bitcoin by twenty forty five or earlier,

2073
02:08:31,880 --> 02:08:37,960
I mean, that's a what one hundred plus X, that's

2074
02:08:38,039 --> 02:08:40,960
one hundred and eighty x from where we are, one

2075
02:08:41,000 --> 02:08:46,000
hundred and forty X from where we are. So do

2076
02:08:46,079 --> 02:08:48,079
you think gold is going to give you one hundred

2077
02:08:48,079 --> 02:08:55,640
and forty x or if it gets to the bowl

2078
02:08:55,720 --> 02:09:05,359
case scenario that's like a one thousand trillion versus one

2079
02:09:05,520 --> 02:09:08,039
that's a thousand x dog from where we are or

2080
02:09:08,479 --> 02:09:12,960
five hundred decks from where we are. There ain't no

2081
02:09:13,079 --> 02:09:15,720
way you're going to get that. In S and P

2082
02:09:16,079 --> 02:09:17,359
or whatever. Boomer stalks.

2083
02:09:17,520 --> 02:09:21,279
Speaker 11: Bitcoin will go from sixty ball decelerating to twenty ball

2084
02:09:21,520 --> 02:09:24,720
for a blended ball of whatever the same. And I

2085
02:09:24,840 --> 02:09:27,359
think that you know, if you look out twenty years,

2086
02:09:27,479 --> 02:09:29,159
is still going to be growing faster than the S

2087
02:09:29,239 --> 02:09:32,319
and P a bit fifty percent more, is still going

2088
02:09:32,399 --> 02:09:34,640
to be fifty percent more volatile than the S and P.

2089
02:09:35,800 --> 02:09:38,399
But you want a simple view of the market, you

2090
02:09:38,520 --> 02:09:41,199
just think, here's something which is twenty nine percent ar

2091
02:09:41,479 --> 02:09:44,439
R for the next twenty one years targeting.

2092
02:09:45,680 --> 02:09:47,279
Speaker 3: So the machine since five dollars.

2093
02:09:47,399 --> 02:09:49,079
Speaker 4: Goodnight from Australia.

2094
02:09:49,520 --> 02:09:51,920
Speaker 3: Got any got some new wars for you?

2095
02:09:52,439 --> 02:09:53,479
Speaker 4: Hanni striting Ja.

2096
02:09:54,199 --> 02:09:56,319
Speaker 3: What is a good resource for the basics of getting

2097
02:09:56,399 --> 02:09:59,760
some bitcoin? The link in the show description swan Bitcoin.

2098
02:10:00,159 --> 02:10:02,119
I've been listening for ages. I guess it's time now.

2099
02:10:02,319 --> 02:10:06,239
Yeah you you you all been too lazy. Bobby C

2100
02:10:06,399 --> 02:10:07,920
five dollars. I know what goal will be used for

2101
02:10:08,479 --> 02:10:10,439
in the future. We can put our seat phrase into

2102
02:10:10,479 --> 02:10:12,439
it and it won't deteriorate. That's what I'm talking about.

2103
02:10:15,600 --> 02:10:17,119
Speaker 7: Thirteen million dollars a coin.

2104
02:10:19,239 --> 02:10:22,479
Speaker 11: And if you look at that against our map of wealth,

2105
02:10:22,560 --> 02:10:27,560
it's not that radically different. Just bitcoin becomes the global

2106
02:10:27,640 --> 02:10:30,920
Monetary Index, a two hundred and eighty trillion dollar asset class.

2107
02:10:31,279 --> 02:10:34,399
Equities will still be bigger, real estate will still be bigger,

2108
02:10:34,680 --> 02:10:38,359
Bonds will still be bigger. It's just you know, if

2109
02:10:38,399 --> 02:10:40,319
you want to get rich, you're not getting rich investing

2110
02:10:40,359 --> 02:10:43,640
in gold, right. If you want to stay rich, you

2111
02:10:43,720 --> 02:10:47,319
can probably hold a diversified portfolio of real estate and equity.

2112
02:10:48,199 --> 02:10:51,039
If you want to outperform, you're going to need bitcoin.

2113
02:10:52,640 --> 02:10:55,880
We're entering the era of institutional adoption now. This ten

2114
02:10:56,000 --> 02:10:56,960
years this is the goal.

2115
02:10:57,159 --> 02:10:59,520
Speaker 3: This is what I've been talking about right in.

2116
02:10:59,600 --> 02:11:03,800
Speaker 11: Twenty for bitcoin emerged is a viable alternative to bonds

2117
02:11:04,600 --> 02:11:05,880
in a corporate portfolio.

2118
02:11:06,039 --> 02:11:07,039
Speaker 7: That was the first year.

2119
02:11:08,479 --> 02:11:11,439
Speaker 11: Now you see all these public entities that are holding bitcoin,

2120
02:11:11,800 --> 02:11:14,560
one hundred and fifteen different ones. So this is spreading.

2121
02:11:15,640 --> 02:11:18,000
As I said, it's a virus. It's going to accelerate.

2122
02:11:19,560 --> 02:11:22,720
There's a wave of political support for bitcoin. It's surging.

2123
02:11:22,960 --> 02:11:25,479
You can see the entire cabin in is pro bitcoin,

2124
02:11:25,640 --> 02:11:27,840
The White House is pro bitcoin, The Senate in the

2125
02:11:27,920 --> 02:11:32,800
House are pro bitcoin. You know, you've got a Senator

2126
02:11:33,479 --> 02:11:39,640
proposing a Bitcoin strategic reserve. You've got Larry Fink advocating

2127
02:11:39,720 --> 02:11:42,560
for bitcoin on CNBC and I just showed you the

2128
02:11:42,640 --> 02:11:43,600
Blackrock numbers.

2129
02:11:43,600 --> 02:11:47,039
Speaker 7: They're stellar. You've got Donald Trump.

2130
02:11:47,920 --> 02:11:59,399
Speaker 13: Never sell your coin, it's all you need to know.

2131
02:12:01,319 --> 02:12:04,279
Speaker 7: You've got Senator Lammas I encourage people to buy and hold.

2132
02:12:04,600 --> 02:12:07,680
Speaker 3: I encouraged them to say bitcoin for their retirement, for

2133
02:12:07,760 --> 02:12:08,319
their future.

2134
02:12:10,199 --> 02:12:13,399
Speaker 11: You've got Joe Kernan debating with Muhammad al at people.

2135
02:12:14,319 --> 02:12:16,680
Speaker 10: They're nodding with you because we can deflate our way

2136
02:12:16,720 --> 02:12:19,039
out of some of the step But the difference between.

2137
02:12:18,840 --> 02:12:21,560
Speaker 7: Two percent and three percent compounded.

2138
02:12:21,159 --> 02:12:25,159
Speaker 11: For the dollar is devastating and saying you should buy

2139
02:12:25,239 --> 02:12:30,000
bitcoin in twenty twenty five were the first year of

2140
02:12:30,000 --> 02:12:30,800
the crypto.

2141
02:12:30,520 --> 02:12:32,159
Speaker 7: Renaissance, right.

2142
02:12:32,279 --> 02:12:35,079
Speaker 11: I think what you're going to see is you'll see

2143
02:12:35,119 --> 02:12:38,600
improvements to the Wall Street ETFs. You're going to see

2144
02:12:38,640 --> 02:12:41,000
fair value accounting from FASB.

2145
02:12:40,680 --> 02:12:43,520
Speaker 3: Which would be a big The repeal of the SAB

2146
02:12:43,880 --> 02:12:46,039
one twenty one is what I was mentioning earlier. That's

2147
02:12:46,079 --> 02:12:48,680
what just happened a couple of days ago. So this

2148
02:12:49,039 --> 02:12:54,119
is on point as Sailor talked about he expected the repeal.

2149
02:12:54,199 --> 02:12:56,359
The repeal just happened a few days ago that Trump did.

2150
02:12:57,640 --> 02:12:59,880
That's an end to the war on crypto. You have

2151
02:13:00,159 --> 02:13:04,720
getting rid of Gary Gensler. And so again things are

2152
02:13:05,279 --> 02:13:10,720
still consistently bullish. Today's news about China's AI or whatever.

2153
02:13:10,880 --> 02:13:13,600
I mean, I'm not in STNKS, I don't have Nvidia

2154
02:13:13,760 --> 02:13:15,920
or whatever, so I don't I'm not paying I mean,

2155
02:13:15,960 --> 02:13:19,680
I noticed it. It didn't really hurt bitcoin too much.

2156
02:13:19,880 --> 02:13:24,119
Like we've been fluctuating around one hundred thousand to one

2157
02:13:24,199 --> 02:13:28,119
hundred and eight thousand for a couple of weeks. So

2158
02:13:28,479 --> 02:13:30,800
we went down I don't know a few percent today.

2159
02:13:30,840 --> 02:13:36,119
It's not a huge deal. Let's see. So we've already

2160
02:13:37,239 --> 02:13:40,640
gained back what we lost throughout the day today already,

2161
02:13:40,680 --> 02:13:45,039
so we're back to where we were yesterday. We're not

2162
02:13:45,760 --> 02:13:48,840
We're only fifteen hundred away from one hundred and four,

2163
02:13:48,960 --> 02:13:52,239
which is where we were yesterday. So no, I don't

2164
02:13:52,239 --> 02:13:55,880
think this is bullish. I mean a bearish. I think

2165
02:13:55,880 --> 02:14:01,079
it's a no big deal and all of the momentum

2166
02:14:01,199 --> 02:14:03,119
and the trends are still bullish.

2167
02:14:03,319 --> 02:14:07,079
Speaker 11: Boost You've got two hundred and fifty plus pro crypto

2168
02:14:08,199 --> 02:14:12,199
representatives or senators in Congress. I think you'll see the

2169
02:14:12,279 --> 02:14:15,720
repeal of SAB one twenty one, which allows banks to enter.

2170
02:14:16,000 --> 02:14:16,640
Speaker 3: That just happens.

2171
02:14:16,640 --> 02:14:18,439
Speaker 11: I'm going to start the bank bitcoin. That's going to

2172
02:14:18,479 --> 02:14:20,720
be a big deal. The end of the war in

2173
02:14:20,800 --> 02:14:25,159
crypto is just a big deal. And I think the

2174
02:14:25,359 --> 02:14:28,199
arrival of a digital assets framework and a bunch of

2175
02:14:28,239 --> 02:14:33,000
bitcoin standard companies, all of these things are in progress process.

2176
02:14:34,880 --> 02:14:35,920
Speaker 6: And what are we doing?

2177
02:14:36,800 --> 02:14:39,920
Speaker 7: What we do is we issued.

2178
02:14:40,159 --> 02:14:42,880
Speaker 3: This is where he talks about the strategy of his company,

2179
02:14:43,039 --> 02:14:47,159
basically converting to a bitcoin based company. So I'm going

2180
02:14:47,199 --> 02:14:50,600
to skip past some of this, and he's talking about

2181
02:14:50,640 --> 02:14:56,520
how his performance company wise has surpassed all the other companies.

2182
02:14:59,520 --> 02:15:04,520
So if you want to scratch is designed to keep

2183
02:15:04,600 --> 02:15:08,800
open while you trade. So if you want to get

2184
02:15:08,840 --> 02:15:11,359
into stocks, that's up to you. I'm not a huge

2185
02:15:11,359 --> 02:15:14,920
stock person, but I mean there are potentials for making

2186
02:15:15,439 --> 02:15:22,079
you know, money there as well. But let's see, I'm

2187
02:15:22,119 --> 02:15:24,399
gonna skip past some of the micro strategy stuff. He's

2188
02:15:24,439 --> 02:15:27,239
gonna do a stock and there's gonna be a new

2189
02:15:27,279 --> 02:15:32,039
issuance that's gonna pay dividends if you're into stocks stonks.

2190
02:15:34,960 --> 02:15:36,720
Let's see if he gets back to bitcoin here.

2191
02:15:43,119 --> 02:15:46,880
Speaker 11: So bitcoin is the asset without counterparty risk. You don't

2192
02:15:46,960 --> 02:15:50,760
have risk to a competitor, a country, a corporation, a creditor.

2193
02:15:50,439 --> 02:15:53,840
Speaker 7: A culture or currency. That's the point. Get rid of

2194
02:15:53,920 --> 02:15:54,319
the risk.

2195
02:15:55,720 --> 02:15:58,520
Speaker 11: Now, now, what if you could buy a digital monopoly

2196
02:15:58,800 --> 02:16:01,840
growing at sixty percent a year at one time's revenue,

2197
02:16:03,119 --> 02:16:05,439
and what if that company was more profitable than your

2198
02:16:05,479 --> 02:16:06,039
own company?

2199
02:16:06,960 --> 02:16:10,439
Speaker 3: So no, I don't Again, if you define fiat as

2200
02:16:10,880 --> 02:16:15,199
someone having the ability to increase the supply, no, bitcoin

2201
02:16:15,319 --> 02:16:18,119
is not fiat. There is an element of a new

2202
02:16:18,199 --> 02:16:21,840
issuance issuance of bitcoin two minors, but that ends when

2203
02:16:21,880 --> 02:16:26,239
the last bitcoin is mined, so there's only twenty one

2204
02:16:26,319 --> 02:16:33,079
million bitcoin period that's hard wired into the protocol. So no,

2205
02:16:33,239 --> 02:16:36,840
it is not fiat. If you mean that, it can

2206
02:16:37,239 --> 02:16:41,040
willing nearly be inflated. And that's typically what we're referring

2207
02:16:41,079 --> 02:16:42,639
to when we say fiat.

2208
02:16:43,120 --> 02:16:43,719
Speaker 7: Would you do it?

2209
02:16:44,719 --> 02:16:48,159
Speaker 11: Who wouldn't do it? What if you could keep doing

2210
02:16:48,239 --> 02:16:55,440
it every year forever? Well, that's bitcoin, right. Bitcoin is

2211
02:16:55,479 --> 02:17:02,200
the universal, perpetual, profitable merger partner. Right, what you're doing

2212
02:17:02,360 --> 02:17:05,799
is the transformational merger, but you're doing it with a

2213
02:17:06,079 --> 02:17:10,280
crypto monopoly. So when you evaluate your options, you can

2214
02:17:10,360 --> 02:17:13,479
plug in that same model. And I did it for Microsoft,

2215
02:17:13,600 --> 02:17:16,200
and I looked at their business, I looked at their

2216
02:17:16,280 --> 02:17:19,719
cash flows, right, And.

2217
02:17:21,399 --> 02:17:24,879
Speaker 3: This is a corporate pitch here, but it's the same

2218
02:17:25,000 --> 02:17:27,120
for you as an individual. You're just a smaller version

2219
02:17:27,159 --> 02:17:29,559
of that. So that's the point of this is that

2220
02:17:29,760 --> 02:17:35,479
it's the same principles here. And here is the MAXI strategy.

2221
02:17:35,799 --> 02:17:41,680
If you wanted to put a minimum amount, right, this

2222
02:17:41,840 --> 02:17:44,040
is what you're talking about in terms of returns.

2223
02:17:44,479 --> 02:17:46,680
Speaker 7: Did they have to chase their core business? Not at

2224
02:17:46,719 --> 02:17:48,840
all the other catches?

2225
02:17:48,959 --> 02:17:52,719
Speaker 11: They double the value of the company, right, what happens

2226
02:17:52,760 --> 02:17:56,680
to the marketcount of the company, Well, status quo is

2227
02:17:56,799 --> 02:17:57,440
nothing good.

2228
02:17:58,079 --> 02:18:01,239
Speaker 3: Now, when he gave the talking to the Nashville bitcoin people,

2229
02:18:01,360 --> 02:18:06,200
that was for more of the average consumer market, not

2230
02:18:06,399 --> 02:18:10,360
the corporate market. So when he gave that talk, this

2231
02:18:10,600 --> 02:18:14,639
same slide was used to show that the returns for

2232
02:18:14,799 --> 02:18:18,840
a person who's a maxi right versus people who never

2233
02:18:19,040 --> 02:18:23,239
put anything into it. You're talking about two point five

2234
02:18:23,399 --> 02:18:27,040
versus zero right in terms of this is trillions for

2235
02:18:28,479 --> 02:18:33,319
his company's strategy for micro strategy market cap, and so

2236
02:18:33,600 --> 02:18:38,559
he's projecting that Microsoft could do the same thing and

2237
02:18:38,639 --> 02:18:42,000
they could have a multi trillion dollar market cap were

2238
02:18:42,079 --> 02:18:45,440
they to go into bitcoin the way that his company

2239
02:18:45,520 --> 02:18:52,120
did in the future. That's based on an estimated yearly

2240
02:18:52,280 --> 02:18:57,520
return up until twenty thirty four. So by twenty thirty four,

2241
02:18:58,319 --> 02:19:00,920
companies that don't have any money in bitcoin are going

2242
02:19:00,959 --> 02:19:05,719
to be zero. Companies that put one trillion in would

2243
02:19:05,760 --> 02:19:10,079
get one trillion return or depending on how much you

2244
02:19:10,120 --> 02:19:12,600
put in, basically would be the amount return. So if

2245
02:19:12,639 --> 02:19:19,879
you leveraged everything, including debt, including stock, including whatever, the

2246
02:19:19,959 --> 02:19:23,639
triple maxi strategy of his company is the expectation of

2247
02:19:24,000 --> 02:19:28,159
five trillion dollars by twenty thirty four. That's the logic

2248
02:19:28,280 --> 02:19:31,360
of it. There's no guarantees here might not perform that well,

2249
02:19:31,360 --> 02:19:33,879
but that's an estimate based on how the end of

2250
02:19:34,000 --> 02:19:35,520
your returns are so far.

2251
02:19:35,760 --> 02:19:40,760
Speaker 11: You see that little change is worth a trillion dollars, right,

2252
02:19:40,840 --> 02:19:42,760
If you go to full triple maxie, it's.

2253
02:19:42,719 --> 02:19:43,840
Speaker 7: Five trillion dollars.

2254
02:19:45,120 --> 02:19:47,479
Speaker 11: Right, you can just be worth five, you know, eight

2255
02:19:47,600 --> 02:19:49,600
trillion instead of three trillion or whatever.

2256
02:19:50,680 --> 02:19:54,760
Speaker 7: What's the downside? No, you just get rich based on expectations.

2257
02:19:55,440 --> 02:19:59,680
Speaker 11: So conventional wisdom says value the company based on all

2258
02:19:59,760 --> 02:20:00,239
you have to do.

2259
02:20:00,360 --> 02:20:02,319
Speaker 7: Is manage your balance sheet differently.

2260
02:20:03,200 --> 02:20:09,079
Speaker 11: You're capitalizing on bitcoin, not capitalizing on bonds. We are

2261
02:20:09,120 --> 02:20:09,799
book of the month.

2262
02:20:10,200 --> 02:20:11,200
Speaker 10: Our name says a lot.

2263
02:20:11,600 --> 02:20:12,600
Speaker 13: But there's a little more.

2264
02:20:12,520 --> 02:20:13,840
Speaker 11: To it and to us.

2265
02:20:15,959 --> 02:20:20,280
Speaker 3: Maybe I should find the specific section at because this

2266
02:20:20,399 --> 02:20:22,760
is not really relevant to normal people. They're not going

2267
02:20:22,799 --> 02:20:26,079
to get it because it's talking about to corporations. But

2268
02:20:26,239 --> 02:20:32,600
the same talk he gave here in Nashville. Let me

2269
02:20:32,680 --> 02:20:39,639
find the chart for individuals. That's for nation states.

2270
02:20:40,959 --> 02:20:47,000
Speaker 11: Here we go, don't use margin, lounge and trade with leverage.

2271
02:20:47,000 --> 02:20:48,559
You get wiped out while you're asleep.

2272
02:20:48,600 --> 02:20:53,719
Speaker 6: On ten x leverage. So what's typical person.

2273
02:20:53,879 --> 02:20:57,200
Speaker 11: Well, we actually model an individual and we said, what

2274
02:20:57,280 --> 02:20:59,319
have you had seven hundred and fifty thousand in net

2275
02:20:59,399 --> 02:21:02,719
asset and you made two hundred grand a year and

2276
02:21:02,840 --> 02:21:06,360
you're gonna make five percent more every year and you got.

2277
02:21:06,399 --> 02:21:08,959
Speaker 3: This is that same point applied to individuals.

2278
02:21:09,040 --> 02:21:12,040
Speaker 11: It's savings rate of twenty five percent and you can

2279
02:21:12,120 --> 02:21:13,600
invest fifty thousand a year.

2280
02:21:17,079 --> 02:21:18,520
Speaker 6: Well, there's a lot of strategies.

2281
02:21:19,760 --> 02:21:22,399
Speaker 11: You can be the normy and do a normal strategy

2282
02:21:22,799 --> 02:21:27,200
diversified portfolio. You can be a ten percenter and you

2283
02:21:27,280 --> 02:21:30,680
can put ten percent of your assets into bitcoin. You

2284
02:21:30,760 --> 02:21:33,479
can be a BTC MAXI and put eighty percent of

2285
02:21:33,559 --> 02:21:35,440
your assets and put eighty percent of.

2286
02:21:35,440 --> 02:21:36,600
Speaker 6: Your earnings into bitcoin.

2287
02:21:38,319 --> 02:21:41,079
Speaker 11: You could be a double maxi, and that's when you

2288
02:21:41,200 --> 02:21:43,680
basically take an extra two hundred and fifty thousand dollars

2289
02:21:43,799 --> 02:21:48,040
loan against the house. And then the triple maxie is

2290
02:21:48,159 --> 02:21:51,479
you finance the house for a bitcoin, you buy bitcoin,

2291
02:21:52,200 --> 02:21:54,280
you flip all your asses to bitcoin, and then you

2292
02:21:54,440 --> 02:21:58,399
move to a cheap tax jurisdiction where you actually can

2293
02:21:58,520 --> 02:22:01,760
avoid some taxes. Invest an extra fifty grand and bitcoin,

2294
02:22:01,840 --> 02:22:04,719
maybe a Singapore you way, this was prior to.

2295
02:22:05,000 --> 02:22:08,319
Speaker 3: The Trump bitcoin announcements and whatnot. I think this was

2296
02:22:08,399 --> 02:22:12,920
the day before Trump spoke. But uh, you'll notice here

2297
02:22:15,479 --> 02:22:21,520
the payout right. Well, no, it's excuman, it's the next slide.

2298
02:22:21,520 --> 02:22:21,879
Excuse me.

2299
02:22:24,159 --> 02:22:24,959
Speaker 6: What's the result.

2300
02:22:25,319 --> 02:22:25,879
Speaker 3: Yeah, here we go.

2301
02:22:26,319 --> 02:22:28,399
Speaker 11: Well, this is the result the norm he ends up

2302
02:22:28,440 --> 02:22:30,719
with eight million dollars in twenty one years.

2303
02:22:35,200 --> 02:22:37,719
Speaker 3: So this is why people do what Jack Mallers is

2304
02:22:37,799 --> 02:22:42,719
talking about. Right, So this is the growth of your wealth,

2305
02:22:44,000 --> 02:22:50,920
the more that you've transferred that Fiat nonsense into what

2306
02:22:51,120 --> 02:22:55,319
you think will be valuable in the future. So notice

2307
02:22:55,360 --> 02:22:59,920
the difference in these returns. Right, by twenty forty five,

2308
02:23:00,040 --> 02:23:02,600
I have the normy who has put in what did

2309
02:23:02,639 --> 02:23:06,280
he say? Ten percent? I forget what he said, or

2310
02:23:07,360 --> 02:23:12,200
a smaller amount the that is, like, I forget what

2311
02:23:12,280 --> 02:23:15,680
percentage he said? No he said twelve percent, twelve percent

2312
02:23:16,440 --> 02:23:20,680
or less, I don't remember. No, that's annual return anyway.

2313
02:23:20,799 --> 02:23:25,159
Less than ten percent of your net worth savings into

2314
02:23:25,200 --> 02:23:29,159
bitcoin is the normy, which by twenty forty five gives

2315
02:23:29,200 --> 02:23:30,600
you if you were making what did he say? Two

2316
02:23:30,639 --> 02:23:32,959
unred fifty thousand dollars a year, puts you at eight

2317
02:23:33,079 --> 02:23:39,079
million the person who allocates ten percent of their savings

2318
02:23:39,879 --> 02:23:44,559
over their lifetime to bitcoin for the next well not lifetime,

2319
02:23:44,639 --> 02:23:51,360
but the next what twenty years gets you twenty one million.

2320
02:23:52,440 --> 02:23:54,959
A Bitcoin MAXI who has put everything in gets you

2321
02:23:55,000 --> 02:23:58,680
one hundred million. A double MAXI who leveraged debt, or

2322
02:23:58,680 --> 02:24:01,520
a triple MAXI who leveraged more more debt two hundred

2323
02:24:01,520 --> 02:24:05,719
million in twenty years. And he's he's judging that on

2324
02:24:05,920 --> 02:24:09,840
the basis of the average annual returns as they have

2325
02:24:10,079 --> 02:24:13,559
been for bitcoin, and that's it is true that there

2326
02:24:13,600 --> 02:24:18,200
will not be As bitcoin grows, the annual returns will

2327
02:24:18,319 --> 02:24:20,200
begin to come down, So you're not going to get

2328
02:24:20,600 --> 02:24:24,639
necessarily sixty percent return every year. The earlier that you

2329
02:24:24,760 --> 02:24:27,840
were in the better, but there's still better returns than

2330
02:24:27,840 --> 02:24:30,239
you would get in anything else. Is the point.

2331
02:24:32,239 --> 02:24:34,879
Speaker 11: The BT the ten percenter will more than double that.

2332
02:24:35,239 --> 02:24:38,840
The MAXI ends up with one hundred million, the double

2333
02:24:38,959 --> 02:24:42,239
MAXI won fifty, the triple Maxi two hundred and fourteen million.

2334
02:24:43,280 --> 02:24:45,639
You can see the power of leverage and the choice

2335
02:24:45,719 --> 02:24:51,799
is yours. And you can also see, you know, it

2336
02:24:51,920 --> 02:24:54,879
takes fifteen point nine bitcoin to be a triple MAXI.

2337
02:24:56,319 --> 02:24:58,680
You know six point two five. Bitcoin will make you.

2338
02:24:58,719 --> 02:25:03,959
Speaker 6: A wealthy person. Let's talk about corporations.

2339
02:25:07,040 --> 02:25:11,920
Speaker 3: So there you see the logic of that slide. I

2340
02:25:12,040 --> 02:25:14,639
think on this other one, if we go back to it,

2341
02:25:15,360 --> 02:25:17,520
how's it going up? You may just continue with the

2342
02:25:17,639 --> 02:25:18,920
corporate stuff. Let me see.

2343
02:25:25,920 --> 02:25:28,559
Speaker 11: So when you evaluate your options, you can plug in

2344
02:25:28,680 --> 02:25:31,440
that same model. And I did it for Microsoft, and

2345
02:25:32,079 --> 02:25:34,840
I looked at their business, I looked at their cash flows,

2346
02:25:35,520 --> 02:25:40,559
at all the other catches. The snapshot here is territory

2347
02:25:40,680 --> 02:25:44,879
for next to nothing, fifteen million dollars nineties, the Russians,

2348
02:25:44,920 --> 02:25:46,239
the Africans of South America.

2349
02:25:46,280 --> 02:25:49,040
Speaker 3: Okay, this is the next part. This section is important

2350
02:25:49,079 --> 02:25:52,680
because it deals with the nation states that are beginning

2351
02:25:52,719 --> 02:25:56,440
to come in. Right. So once America says okay, yeah,

2352
02:25:56,440 --> 02:25:59,479
we're going to do this strategic reserve, most likely that

2353
02:26:00,000 --> 02:26:04,159
triggers a rush towards a supremely rare asset.

2354
02:26:04,239 --> 02:26:08,399
Speaker 11: Because of the Europeans into the network, all that capital

2355
02:26:08,479 --> 02:26:10,479
is going to flow and we're.

2356
02:26:10,399 --> 02:26:12,040
Speaker 7: Going to be the beneficiaries.

2357
02:26:13,079 --> 02:26:15,479
Speaker 11: If you plug that Bitcoin twenty four model in the

2358
02:26:15,600 --> 02:26:18,079
Lumbus Bill, what it does is cut the US debt

2359
02:26:18,159 --> 02:26:19,559
in half over twenty years.

2360
02:26:22,000 --> 02:26:23,559
Speaker 7: But if you think about the precedents.

2361
02:26:24,639 --> 02:26:26,840
Speaker 3: This is literally the only way to actually pay the

2362
02:26:27,079 --> 02:26:28,399
astronomical US debt.

2363
02:26:28,440 --> 02:26:32,840
Speaker 11: By the way, we bought the Louisiana territory for next

2364
02:26:32,920 --> 02:26:34,399
to nothing fifteen years.

2365
02:26:34,200 --> 02:26:36,280
Speaker 3: Which actually should be canceled anyway, because it was all

2366
02:26:36,319 --> 02:26:39,000
a bunch of thefts, so we really technically should know anything.

2367
02:26:38,760 --> 02:26:39,879
Speaker 7: At all million dollars.

2368
02:26:39,920 --> 02:26:44,479
Speaker 11: And then we bought California and Mexico and Texas from

2369
02:26:45,479 --> 02:26:48,600
in the Mexican War, and then we bought Alaska. Look

2370
02:26:48,639 --> 02:26:52,360
at all those purchases. When we bought Alaska, we bought

2371
02:26:52,360 --> 02:26:54,719
a bunch of territory not even knowing what it was worth.

2372
02:26:56,479 --> 02:26:59,200
And then one hundred years later there's a trillion dollars

2373
02:26:59,280 --> 02:27:02,440
of mineral rights underneath it. They weren't thinking that in

2374
02:27:02,520 --> 02:27:07,879
eighteen sixty seven, right, And so we paid I think

2375
02:27:08,000 --> 02:27:11,840
forty million dollars for three quarters of the United States

2376
02:27:12,559 --> 02:27:16,879
forty million dollars. If you know where the people are going,

2377
02:27:17,000 --> 02:27:20,440
if you know the future California, what can they possibly

2378
02:27:20,559 --> 02:27:21,600
do in California?

2379
02:27:21,719 --> 02:27:21,799
Speaker 7: Right?

2380
02:27:22,440 --> 02:27:27,799
Speaker 11: We bought California for eighteen million bucks. So Bitcoin is

2381
02:27:27,840 --> 02:27:33,000
simply cyber Manhattan. All the ais are going there, all

2382
02:27:33,079 --> 02:27:36,000
the global capital is going there, all we need to

2383
02:27:36,120 --> 02:27:36,959
do is buy it.

2384
02:27:37,680 --> 02:27:39,079
Speaker 7: It's all going to arrive.

2385
02:27:39,680 --> 02:27:41,239
Speaker 11: So if you think about the greatest deal of the

2386
02:27:41,319 --> 02:27:45,319
twenty first century, it's just buy twenty twenty five percent

2387
02:27:45,440 --> 02:27:50,000
of cyberspace. When the US buys it, every company will follow,

2388
02:27:50,159 --> 02:27:54,440
every country will follow, all the capitalists will follow, and

2389
02:27:54,879 --> 02:27:56,040
we end up, you know.

2390
02:27:56,159 --> 02:27:56,719
Speaker 1: In the extra.

2391
02:27:58,799 --> 02:28:09,680
Speaker 3: So now, if you look at this chart, if the

2392
02:28:09,760 --> 02:28:17,360
Loomis Bill passes, that makes uh one point two million

2393
02:28:17,440 --> 02:28:30,159
per bitcoin? Or does that mean they're confused as to

2394
02:28:30,200 --> 02:28:37,680
whether this means they're purchase of one million bitcoin? But

2395
02:28:37,799 --> 02:28:39,959
if the government purchased a million bitcoin, I mean it's

2396
02:28:40,280 --> 02:28:45,879
just gonna be mind boggling. Right would that take it to?

2397
02:28:47,760 --> 02:28:49,680
I don't know what that would take The market cups here.

2398
02:28:50,040 --> 02:28:52,959
It's crazy to think about training.

2399
02:28:52,760 --> 02:28:55,520
Speaker 11: Case, the Trump match case. You make eighty one trillion

2400
02:28:55,559 --> 02:29:01,000
dollars just buying the future. What you're doing is you're tipping.

2401
02:29:01,760 --> 02:29:07,639
You're inverting the entire world of order instead of relying upon.

2402
02:29:07,639 --> 02:29:09,760
Speaker 7: Twentieth century campital assets.

2403
02:29:11,120 --> 02:29:14,120
Speaker 11: That four hundred and fifty trillion dollars will flow into

2404
02:29:14,239 --> 02:29:15,159
twenty first.

2405
02:29:15,040 --> 02:29:16,680
Speaker 7: Century digital assets.

2406
02:29:17,639 --> 02:29:20,959
Speaker 11: If you know that the world is moving from the

2407
02:29:21,040 --> 02:29:22,680
twenty to the twenty first century.

2408
02:29:23,639 --> 02:29:28,559
Speaker 3: I think you're saying that if Trump chose a triple

2409
02:29:28,639 --> 02:29:37,559
MAXI desire to purchase four million bitcoin, that would take

2410
02:29:37,719 --> 02:29:41,040
bitcoin to six million per bitcoin. I think that's what

2411
02:29:41,159 --> 02:29:47,680
that means. And even the Loomis Bill makes gets bitcoin

2412
02:29:47,719 --> 02:29:53,079
two one million, So that's a ten x from where

2413
02:29:53,120 --> 02:29:57,440
we are. If the Loomis Bill passes, you're talking bitcoin

2414
02:29:57,520 --> 02:30:01,440
because it's a purchase of one million bitcoin over five years,

2415
02:30:02,360 --> 02:30:05,399
and so that gets us to one million bitcoin, one

2416
02:30:05,440 --> 02:30:09,799
million dollar bitcoin after that purchase of a million, right,

2417
02:30:11,079 --> 02:30:13,680
the government buys one million bitcoin, takes bitcoin two one

2418
02:30:13,719 --> 02:30:19,559
million dollars. Is a point if you get a double

2419
02:30:19,639 --> 02:30:23,520
MAXI position of the government purchases two million dollars a bitcoin,

2420
02:30:25,120 --> 02:30:29,280
that gets us to two million, four million dollars a bitcoin.

2421
02:30:29,399 --> 02:30:35,760
Four point two million, four million dollars purchase a bitcoin,

2422
02:30:35,799 --> 02:30:38,319
and then the conversion of seventy five percent surplus into

2423
02:30:38,360 --> 02:30:41,840
bitcoin gets us to a six million dollar bitcoin, depending

2424
02:30:41,920 --> 02:30:49,239
upon how bullish the government approach is. Now, the Loomis

2425
02:30:49,319 --> 02:30:53,200
Bill may not pass. We don't know, so there's no guarantees.

2426
02:30:53,280 --> 02:30:55,600
I think the betting odds on the betting sites are

2427
02:30:56,120 --> 02:30:59,959
sixty seventy percent. Now that it will pass, and you'll

2428
02:31:00,000 --> 02:31:03,479
a saying that if that passes, that means one million

2429
02:31:03,520 --> 02:31:09,639
dollar bitcoin at least in the next five years of purchasing,

2430
02:31:09,680 --> 02:31:12,600
because they're going to purchase like one hundred thousand, hundred thousand,

2431
02:31:12,600 --> 02:31:16,120
two hundred thousand each year until it's a million. That's crazy.

2432
02:31:16,639 --> 02:31:18,639
Do you guys not understand this? Just like this is

2433
02:31:18,920 --> 02:31:23,600
a celebration times? Am I reading this chart? Right? Can

2434
02:31:23,639 --> 02:31:24,879
you guys see the chart?

2435
02:31:25,440 --> 02:31:26,079
Speaker 8: Is that? Is that?

2436
02:31:26,200 --> 02:31:26,319
Speaker 4: How?

2437
02:31:26,719 --> 02:31:27,559
Speaker 3: I think that's what he's saying.

2438
02:31:27,680 --> 02:31:30,760
Speaker 11: If you believe in the progression of technology, if you

2439
02:31:30,840 --> 02:31:33,280
think that people would rather have a billion dollars a

2440
02:31:33,319 --> 02:31:36,840
bitcoin than a billion dollars of frozen hundred in Siberia

2441
02:31:37,360 --> 02:31:39,920
or natural gas rights and Cuba.

2442
02:31:39,879 --> 02:31:43,760
Speaker 7: Or whatever, then you can just buy it now. You

2443
02:31:43,879 --> 02:31:45,319
can buy it for next to nothing.

2444
02:31:46,040 --> 02:31:49,719
Speaker 11: And so that's the logic of the Bitcoin Strategic Reserve

2445
02:31:50,440 --> 02:31:53,879
for the United States, and it works for any country, it.

2446
02:31:53,920 --> 02:31:54,879
Speaker 7: Works for any company.

2447
02:31:55,920 --> 02:31:59,280
Speaker 11: Right And uh, I guess the best thing I can

2448
02:31:59,360 --> 02:32:04,280
say about coin is is it's happening. Everybody needs it,

2449
02:32:04,479 --> 02:32:08,479
nobody can stop it. Very few people understand it. And

2450
02:32:08,600 --> 02:32:11,680
it's just volatile enough to be scary enough that if

2451
02:32:11,719 --> 02:32:13,559
you don't do the work and get the conviction.

2452
02:32:13,760 --> 02:32:16,120
Speaker 7: You'll just stare at it and watch it pass you by.

2453
02:32:17,319 --> 02:32:20,680
Speaker 11: But I don't really mind the volatility, because what I

2454
02:32:20,760 --> 02:32:24,639
say to people is, if bitcoin appreciated, it's sixty percent

2455
02:32:24,719 --> 02:32:29,120
a year and a perfect exponential with no volatility, people

2456
02:32:29,440 --> 02:32:32,840
stupider than me, richer than me, would own it all

2457
02:32:33,079 --> 02:32:36,079
and I would have no opportunity. And so I kind

2458
02:32:36,120 --> 02:32:39,559
of like the way it's evolved, and I want to

2459
02:32:39,600 --> 02:32:40,799
thank everybody for your time.

2460
02:32:40,920 --> 02:32:44,440
Speaker 3: Yeah. In other words, volatility is a feature, not a bug.

2461
02:32:45,120 --> 02:32:48,319
You can get in when you when there are the dips.

2462
02:32:48,479 --> 02:32:52,760
So and if you adopt a hottle philosophy, no problems.

2463
02:32:53,719 --> 02:32:56,920
But this is not register financial advice, Bobby, see again

2464
02:32:56,920 --> 02:32:59,159
for five dollars. Let's be real, we're all waiting until

2465
02:32:59,159 --> 02:33:02,840
we can dump bitcoin and buy up Trump and Milania coin. Yeah,

2466
02:33:03,559 --> 02:33:07,319
not gonna do that. I'm definitely gonna stack BTC. I

2467
02:33:07,360 --> 02:33:10,319
ain't stacking note, although I do have a plan to

2468
02:33:10,760 --> 02:33:13,319
purchase all I'm gonna dump all the BTC I have.

2469
02:33:13,399 --> 02:33:15,719
I'm gonna buy all the hawk Tua coin. When Hawk

2470
02:33:15,760 --> 02:33:17,760
TWA goes to the moon, I'm gonna dump hawk Tua

2471
02:33:17,840 --> 02:33:20,200
and then I'm gonna buy out Michael Saylor. That's my

2472
02:33:20,440 --> 02:33:24,840
ultimate evil villain plan to take over the world. Anyway,

2473
02:33:25,120 --> 02:33:26,959
we didn't end up talking about AI. If you want

2474
02:33:27,000 --> 02:33:29,360
to hear my take on project what was it called,

2475
02:33:30,280 --> 02:33:35,280
super Villain Project the Stargate, go watch my fourth hour

2476
02:33:35,959 --> 02:33:39,840
on Twitter. It's uh, we've had it's almost six hundred

2477
02:33:39,840 --> 02:33:47,280
thousand views. So my last two fourth hours basically six

2478
02:33:47,399 --> 02:33:49,719
hundred thousand views. So it's so hard for me to

2479
02:33:49,760 --> 02:33:56,000
crack a million, but it's growing. We we used to

2480
02:33:56,079 --> 02:34:00,479
get on the fourth hours one hundred two hundre thousand.

2481
02:34:01,120 --> 02:34:04,200
Now we're getting a consistent five hundred six hundred thousand.

2482
02:34:05,000 --> 02:34:07,000
So you can go check that out on my Twitter

2483
02:34:07,639 --> 02:34:13,239
for my breakdown of projects Stargate nonsense. Guys, I want

2484
02:34:13,280 --> 02:34:15,520
to remember it reminds you head on over to chalk

2485
02:34:15,600 --> 02:34:17,440
dot com c h o Q dot com. The best

2486
02:34:17,479 --> 02:34:21,000
and supplementation that is the show sponsor. If you use

2487
02:34:21,040 --> 02:34:24,120
the promo code J forty four life that's Jay forty

2488
02:34:24,200 --> 02:34:26,600
four l I f E. You get forty four percent

2489
02:34:26,680 --> 02:34:29,959
all those great products. I'm wearing my chalk gear. We

2490
02:34:30,120 --> 02:34:32,000
love our brosover at chalk dot com.

2491
02:34:32,559 --> 02:34:32,680
Speaker 8: Uh.

2492
02:34:32,719 --> 02:34:34,600
Speaker 3: The link is in the show description and you're not

2493
02:34:34,680 --> 02:34:36,719
gonna pay that price. You're gonna pay half of that

2494
02:34:36,959 --> 02:34:39,440
almost half of that with the promo code Jay forty

2495
02:34:39,440 --> 02:34:44,079
four Life. Chalk is pure review, proven in studies. You

2496
02:34:44,120 --> 02:34:46,760
can read over there at the website two boost Test sauserone.

2497
02:34:47,719 --> 02:34:51,879
There's also Male Vitality Stack, so you can buy like

2498
02:34:51,959 --> 02:34:54,799
this right here. You don't have to you don't have

2499
02:34:54,920 --> 02:34:56,840
to buy the stack. You can buy the individual products

2500
02:34:56,840 --> 02:34:58,680
if you want, but just be sure and you use

2501
02:34:58,680 --> 02:35:01,639
the promo code jayfe forty four Life. You can also

2502
02:35:01,760 --> 02:35:04,319
use the promo code Jay forty if you don't want

2503
02:35:04,319 --> 02:35:06,520
to get a subscription, you just want to test a

2504
02:35:06,600 --> 02:35:10,239
product out, use jy four zero to get forty percent

2505
02:35:10,280 --> 02:35:13,280
off those products. You can get signed copies of the

2506
02:35:13,319 --> 02:35:17,959
books over at Jays Analysis at the website. Otherwise, hopefully

2507
02:35:18,079 --> 02:35:21,440
you got some value out of this. And if you're

2508
02:35:21,440 --> 02:35:24,200
looking for a book, my friend Julia has her book

2509
02:35:25,159 --> 02:35:28,600
Thank God for Bitcoin. This actually argues from a Biblical

2510
02:35:28,680 --> 02:35:33,520
perspective about solid, honest, ethical money, and it argues that

2511
02:35:33,600 --> 02:35:37,879
bitcoin is the most ethical money. Every chapter basically begins

2512
02:35:37,959 --> 02:35:43,360
with a biblical text and argumentation as to why otherwise

2513
02:35:43,639 --> 02:35:46,280
everybody have a good night and I'll see using Also,

2514
02:35:46,360 --> 02:35:48,840
if you want to support me by the way, via bitcoin,

2515
02:35:48,959 --> 02:35:51,159
this is my bitcoin wallet support