Speaker 1: Momentum, and what we're doing and going to do.
Speaker 2: My administration is acting with unprecedented speed to fix the
Speaker 2: disasters we've inherited from a totally inept group of people,
Speaker 2: and to solve every single crisis facing our country. This
Speaker 2: begins with confronting the economic chaos caused by the failed
Speaker 2: policies of the last administration. Over the past four years,
Speaker 2: our government racked up eight trillion dollars in wasteful deficit
Speaker 2: spending and inflicted nation wrecking energy restrictions, crippling regulations, and
Speaker 2: hidden taxes like never before.
Speaker 3: All right, so off to a pretty good start. Of course.
Speaker 3: Trump always starts every talk with how everything is wonderful
Speaker 3: and amazing.
Speaker 4: Just one of those really amazing. Everything that we've done
Speaker 4: is the best ever.
Speaker 5: And we're going to have a part two of everything
Speaker 5: that is measurely the sequel of everything before. It's gotta
Speaker 5: be amazing. We're gonna have a sequel do everything that
Speaker 5: was pot one. But Part two will be Trump's chic will.
Speaker 5: It's gonna be amazing, very wonder o chic will.
Speaker 3: Every day I'm struggling since twenty bucks, Jay, I'm coming
Speaker 3: in hot right away, happy monetization days. I don't want
Speaker 3: to mess it up. But you have an opinion on
Speaker 3: the Dutroux affair. Of course we've covered this when we
Speaker 3: covered Program to Kill. Every time you'll ask me questions,
Speaker 3: you got to go into my archives, dog, I don't.
Speaker 3: Let's see. Here's a two hour one where we talked
Speaker 3: about Program to Kill. I think we mentioned yeah, I
Speaker 3: talk about Dutroe affair here. H here is a smaller analysis.
Speaker 3: So and now I think I mentioned it in my
Speaker 3: Serial Killer series and yeah, but you got to go
Speaker 3: into the archives, dog, Rosie old five bucks. Hypothetically, would
Speaker 3: you conspire conspid her consider speaking out a university like
Speaker 3: Regent Law School. Yeah, I want you to invite me
Speaker 3: to come do it, probably to represent orthodoxy, I guess.
Speaker 3: I mean, wouldn't you rather have me singing Cringe Core
Speaker 3: live for the law students? But probably the snack pack
Speaker 3: becomes a member. Joe Perrota becomes a member. Thank you guys,
Speaker 3: Welcome everybody. Let's get back to Trump's address. Let's skip
Speaker 3: ahead all the amazing, wonderful, best ever things that were done.
Speaker 3: Let's get into some of the facts.
Speaker 2: From the one sided Paris slim a court and ended
Speaker 2: his saying across the electric.
Speaker 1: Vehicle mid day.
Speaker 3: So this is good. We got moving out of the
Speaker 3: green agenda stuff, which was in my view of scam
Speaker 3: Club of Rome stuff. By the way, I'm reading all
Speaker 3: of the formerly unpublished but now re published John Coleman books,
Speaker 3: and there's a new version of the Ralph Child Family
Speaker 3: which he did. I'm reading that one doctor Coleman did
Speaker 3: a book on the This actually ends up being a
Speaker 3: bunch of discussions of color revolutions and how they were run.
Speaker 3: It's called Beyond Conspiracy by Coleman. So those are pretty
Speaker 3: good books that I'm reading right now. And for example,
Speaker 3: there's a whole discussion of the Georgia Revolution, Color Revolution,
Speaker 3: there's the discussion of Orange Revolution, so interesting stuff in
Speaker 3: that book. I'll probably do that for members. But the
Speaker 3: reason I bring that up is I've got some good
Speaker 3: information coming on coming up for the members. And this
Speaker 3: Club of Rome book that he wrote pretty good because
Speaker 3: that is what is kind of the think tank behind
Speaker 3: what is sort of the mastermind umbrella of all of
Speaker 3: the green climate. And by extension, dee I style.
Speaker 2: I declared a national energy emergency, and that's so important.
Speaker 2: Energy emergency toward lock the liquid gold under our feet
Speaker 2: and pave the way for rapid approvals of new energy infrasearch.
Speaker 3: By the way, by liquid gold, he doesn't mean oil.
Speaker 3: He actually means literal liquid gold. It's a new element.
Speaker 3: It's the fifth element. It's what Milajoviovich symbolized in the
Speaker 3: movie fifth element. Liquid gold.
Speaker 5: Liquid gold gotta be sold at all of the Trump hotels,
Speaker 5: gonna be We're gonna make smoothies out of the liquid gold,
Speaker 5: gonna be shucking it down your gullets. It's gonna be amazing, really,
Speaker 5: not really, probably the most amazing smoothies, liquid gold smoothies
Speaker 5: for America.
Speaker 2: The United States is largest amount of oil and gas
Speaker 2: of any country on Earth, and we're going to use it.
Speaker 2: Not only will this reduce the cost of virtually all
Speaker 2: goods and services, it'll make the United States say manufacturing superpower.
Speaker 3: Now this is wrongmant too because this week we had
Speaker 3: a discussion debate coming up on YouTube over the history
Speaker 3: of the Middle East, the history of Israel, the history
Speaker 3: of Palestine, British Mandate, and it was actually had a
Speaker 3: good discussion with people, were a good, good debate and
Speaker 3: got into a lot of the deep history of it
Speaker 3: that I've read quite a bit about. And as you
Speaker 3: guys know from the members, we just finished the Black
Speaker 3: Gold Spies book, which is written by kind of a
Speaker 3: French intelligence analysis take on the history of British imperial
Speaker 3: spies Napoleonic spies scouting out the Middle East to find
Speaker 3: liquid gold. And it was amazing. Tax I think you
Speaker 3: really can't understand the history of the Middle East and
Speaker 3: the Israel stuff without understanding British imperial geopolitics and the
Speaker 3: history of the top spies. So we went through Grotrubelle
Speaker 3: to Lawrence, Saint John Philby and many many others, Conrad
Speaker 3: Killian French spies. It was pretty wild book. It was
Speaker 3: super information packed, but you need to know that stuff
Speaker 3: before you can understand and what's really going on. And look,
Speaker 3: the liquid goal. The real goal of today is not oil. Okay, Bloomerous,
Speaker 3: it's not oil. It's this orange liquid goal right here.
Speaker 3: We'll talk about this in a moment, because we're also
Speaker 3: going to be looking at this talk this first part
Speaker 3: with Trump. This is going to be focusing on the
Speaker 3: problems in the world, and Trump is moving in the
Speaker 3: right directions. A lot of good things done, not everything.
Speaker 3: We're gonna talk a little bit about the what's it
Speaker 3: called gay I? What was the thing project Stargate? I
Speaker 3: did the Fourth Hour on that the other day, So
Speaker 3: we'll talk a little bit about that, because it's kind
Speaker 3: of just a stupid propaganda pr thing I think don't
Speaker 3: actually exists yet. But and then we're going to talk
Speaker 3: about a Michael Saylor talk that helps us understand economics
Speaker 3: from an engineering perspective, and we'll look at that in
Speaker 3: a second. But I will be on tonight with pretty
Speaker 3: well known stand up comedian. His name is Danny Paulish
Speaker 3: Chuck and he does the Low Value Male podcast and
Speaker 3: I'll be on with him tonight, So it's going to
Speaker 3: be pretty fun. I think Burmus and he are buds.
Speaker 3: He might be buds with TRIPLEI. I'm not sure. I
Speaker 3: think he's triply adjacent. Got a pretty good sized audience,
Speaker 3: so that should be fun tonight at nine ish eastern,
Speaker 3: I think, yeah, ten, No ten Eastern, nine Central. And
Speaker 3: there's something else I was going to talk about.
Speaker 4: What was it?
Speaker 3: I don't know, let's get into this or we'll we'll
Speaker 3: never finish Trump. But all this climate stuff, it's just
Speaker 3: a means of neo feudalistic control at.
Speaker 2: The world capital of artificial intelligence and crypto. My administration
Speaker 2: has also begun the largest deregulation campaign in history, far
Speaker 2: exceeding even the record setting efforts of my last term.
Speaker 2: In total, the Biden administration to post fifty thousand dollars
Speaker 2: in additional regulatory costs on the average American household over
Speaker 2: the last four years.
Speaker 1: I have promised to.
Speaker 2: Eliminate ten old regulations for every new regulation, which.
Speaker 3: Now, remember, Davos doesn't exist. It's not a thing. People
Speaker 3: have been mocking what we talked about. I made my
Speaker 3: first Davos video seven years ago talking about world looking
Speaker 3: on befo him. I've been talking about Bieberg for I mean,
Speaker 3: I read Daniel Estlin's b Berg book in the two thousands,
Speaker 3: and so many normies, so many blue check journal disinfo losers,
Speaker 3: so many people in the religious sphere, in the church
Speaker 3: sphere mocked for years. Just doesn't even exist.
Speaker 4: What's the world?
Speaker 3: Look along before world it's not a thing. Well, it's
Speaker 3: like a spirit you. And then now we have essentially
Speaker 3: Trump speaking to this globalist entity, essentially telling them that
Speaker 3: it's not going to be way that it was in
Speaker 3: terms of internationalism ruling the ruse. Now people are always
Speaker 3: complaining Trump's not doing everything that we want. It's not perfect,
Speaker 3: it's all fake, it's all fake, it's not all fake.
Speaker 3: In the world of politics, you never get all of
Speaker 3: your platform through and Trump is not perfect, but he's
Speaker 3: way better than what we've had. The previous people were
Speaker 3: literally working to destroy the country. And even if we
Speaker 3: get about half of what he talks about doing through,
Speaker 3: that will be better than anything else we've ever seen.
Speaker 3: And already just moving towards bitcoin is a huge movement
Speaker 3: in the right direction. I'm really tired of all the
Speaker 3: conspiracy people who are so solidified in everything being a
Speaker 3: conspiracy and everything being fake, everything being controlled. That's the
Speaker 3: mindset of why you didn't buy bitcoin seven years ago
Speaker 3: when I told you to, even though it's not readister
Speaker 3: financial advice, you didn't listen. You doubled down on your hardheadedness.
Speaker 3: And you're still doubling down. Even though bitcoin will go
Speaker 3: to a million dollars, you'll never go to a hundred
Speaker 3: dodos Here we are over one hundred thousand dollars.
Speaker 4: You'll never go to a million.
Speaker 3: Nose and you're gonna be proven wrong yet again, and
Speaker 3: you'll double down yet again.
Speaker 4: The CIA created bitcoins?
Speaker 3: In essay, where is the evidence of the CIA creating bitcoin?
Speaker 3: The name Satashi Satoshi Nakamoto. If you look at it
Speaker 3: in Gogamatria, you translated into the Japanese of the ancient
Speaker 3: Middle aged bl blah blah blah, and then you look
Speaker 3: at it through the Samurai lens of Joseph Smith the peepstone,
Speaker 3: it's so CIA through the Gamatrio. Right, this total schizo
Speaker 3: nonsense stuff. If you look at the mi T paper
Speaker 3: that people point to to prove this, it's literally an
Speaker 3: mi T paper from the nineties about creating an E
Speaker 3: dollar that's still a fiat thing. That's still just what
Speaker 3: we have, just electronic cash. Bitcoin is not an E dollar.
Speaker 3: This is one oh one dollars are fiat. If they're
Speaker 3: put into electronic form, they're still fiat. You just punch
Speaker 3: in the number of the dollars you make. That's what
Speaker 3: a CBDC would be. So Trump day one bands that's
Speaker 3: a good thing. That's against what Klaus and everybody wanted,
Speaker 3: which was a CBDC.
Speaker 4: If bitcoin is made by the CIA.
Speaker 3: Why would the CIA, which is a Fabian socialist institution,
Speaker 3: ultimately create the very thing that all the Fabians oppose
Speaker 3: and let loose into the world, which is against everything
Speaker 3: that they stand for. The IMF, the BIS, all of
Speaker 3: these entities, which are keynesy and Fabian social entities have
Speaker 3: for ages since the creation of bitcoin, been opposed to it.
Speaker 4: Oh but that's all fake.
Speaker 3: That's all to make you think they're opposed to do
Speaker 3: do do you people are as dumb as the Q people.
Speaker 4: Everything's fake. Everything's a conspiracy.
Speaker 3: Even though I'm not even gonna go into that stupid stuff.
Speaker 3: It's not even worth it, you know. Again, it's just
Speaker 3: stay poor, Like why are you even fussing? Just go
Speaker 3: be poor, that's what you want. And then when you
Speaker 3: keep failing, you're gonna blame everyone else who's successful. And
Speaker 3: then you say, well, they sold out. He's working for
Speaker 3: the CIA and the KG being a Bassau and everybody
Speaker 3: all at once, because that's how we got Successful's the
Speaker 3: only way. It's the only way. It's not me being
Speaker 3: an idiot, it's them sold out to the CILL.
Speaker 2: Many thousands of dollars back in the pockets of American families.
Speaker 1: To further unleash our economy.
Speaker 2: Our majorities in the House and Senate, which we also
Speaker 2: took along with the presidency, are going to pass the
Speaker 2: largest tax cut in American history, including massive tax cuts
Speaker 2: for workers and family.
Speaker 3: And now this is all great, and he has said
Speaker 3: getting rid of the i R s amazing, talked about
Speaker 3: the Federal Reserve, all that's all great. But remember they're
Speaker 3: still at least not Trump, but at least Elon is
Speaker 3: still saying we got to get rid of inflation because
Speaker 3: of government spending. Inflation is high because of government spending.
Speaker 3: Spending has nothing to do with inflation. Inflation is because
Speaker 3: the private central banks can print the money. That's what
Speaker 3: inflates the currency, making it less valuable. And that's what
Speaker 3: Tragedy and Hope covers in the first three hundred pages
Speaker 3: of the book. And that's what every libertarian von misis
Speaker 3: Ron Paul, everybody who's been screaming.
Speaker 4: Well, we got to audit the fad, I've got the fad.
Speaker 3: What has Ron Paul endlessly said, Well, I got ut
Speaker 3: at the fad. Why because it prints the money into
Speaker 3: guy's the churns is that simple. And all the gold
Speaker 3: Boomers understood all that. But they still can't wrap their
Speaker 3: head around big one.
Speaker 4: Well, that's not real. I can't touch it. Well, y'all,
Speaker 4: I don't know. If I put money in my game
Speaker 4: boy and I rub it all the ATM and none
Speaker 4: of the gold comes out, I don't understand it.
Speaker 3: Or Paul Craig Robin, Well, Alex will go the dollar?
Speaker 3: The dollar, Why Alex's not It's not odd to anything. Oh,
Speaker 3: the dollar. We gotta go back to the golds, down
Speaker 3: to Dolex. And if the niler cons in Washington will
Speaker 3: get to all of the world, we're gonna have spidish
Speaker 3: glions settle on the raw, and we'll bring out the
Speaker 3: gold trusts with the billion dollar. The gold Alex. It's
Speaker 3: the future, old Spanish gallions and trusts, the gold in
Speaker 3: the venture, the bloom Alex. Okay Boomers, Yes, fifteen hundred
Speaker 3: Spain is the future, right, Captain Jack Sparrow of the future. Oh,
Speaker 3: it's the whole of Black Pole. The other bottle will
Speaker 3: sell in the flood market to the other cultures on
Speaker 3: the buck of the Black Pole under a full gold
Speaker 3: of bloom ducks. Does anybody even know who Paul Craid
Speaker 3: Roberts is. I don't even know my impressions. Well, got
Speaker 3: aught of the fan and go back to the I'm
Speaker 3: just joking. Ron Paul actually does believe in bitcoin, so
Speaker 3: he's he was at the Bitcoin conference. I didn't hear him.
Speaker 3: He didn't speak, he was doing like interviews, a little
Speaker 3: media pods or whatever. But no, Ron Paul gets it.
Speaker 3: So props to Ron Paul over PCR. But they just man,
Speaker 3: I don't get. They just have a heart. So it's
Speaker 3: amazing to me that the trumpet wrapped his head around bitcoin.
Speaker 3: To me, I cannot even even I mean, this is
Speaker 3: a huge change from a year ago. So and we
Speaker 3: were at the Bitcoin conference in Nashville, so it was
Speaker 3: cool to see all of that live. And uh, in
Speaker 3: a minute, we're gonna go to uh, the guy who
Speaker 3: does my Financial friend channel. He was a nice guy.
Speaker 3: We met him at the Bitcoin conference, got a picture
Speaker 3: with him. Cool guy, and he put up the Michael
Speaker 3: Saylor lecture that's new that goes really deep into the bitcoin.
Speaker 3: So we're gonna do that next. We're gonna do a
Speaker 3: commentary on it. You guys are gonna learn and stop
Speaker 3: complaining and whining. I don't understand, Dick Cooin. When are
Speaker 3: you gonna do a talk about explaining. I've done it
Speaker 3: many times. You guys, just don't go into the archives
Speaker 3: where it's buried in the algorithm. Man, you don't see it. Okay,
Speaker 3: we'll do it again. I'm about to do every day
Speaker 3: on bitcoin, and then people will who stop talking about bitcoin.
Speaker 3: I want to be poor, stop talking about it. The
Speaker 3: only way to be spiritual is if you're really poor.
Speaker 3: And that's what that's what God really loves. And especially
Speaker 3: when I talk about how poor I am on the
Speaker 3: Internet and pray about it. Oh pray, let me pray
Speaker 3: on Twitter.
Speaker 4: Look at me pray. Oh's so poor. I'm oh, I'm
Speaker 4: so spiritual. I'm all rightful.
Speaker 3: Yeah, that's what That's what Christianity is about, is just
Speaker 3: public portraying how poor you are and that makes you
Speaker 3: more righteous.
Speaker 2: Domestic producers and manufacturers, and we're working with the Democrats
Speaker 2: on getting an extension of the original Trump tax cuts.
Speaker 1: As you probably know.
Speaker 2: By just reading any paper, my message to every business
Speaker 2: in the world is very simple. Come make your product
Speaker 2: in America and we will give you among the lowest
Speaker 2: taxes of any nation on Earth.
Speaker 1: We're bringing it down version.
Speaker 3: I understand that because Trump made trump Coin. He doesn't
Speaker 3: truly understand bitcoin. I'm speaking in colloquial speak. I know
Speaker 3: he doesn't deep down understand the philosopher. So thank you.
Speaker 3: Know it alls in the chat thank you safely.
Speaker 1: Even from the original Trump tax cuts.
Speaker 2: But if you don't make your product in America, which
Speaker 2: is your prerogative, then very simply you will have to
Speaker 2: pay a tariff differing amounts, but a tariff which will
Speaker 2: direct hundreds of millions of dollars.
Speaker 3: And even now, this was the way that the government
Speaker 3: made money prior to the Federal Reserve was through tariffs.
Speaker 3: I mean, I'm sure there's other ways, but the idea
Speaker 3: of the irs and taxing everybody and extreme just insane levels,
Speaker 3: which is part of the communist manifesto planks, which is,
Speaker 3: by the way, one of the ways you can demonstrate
Speaker 3: that Marxism socialism is actually a big banker scam is
Speaker 3: that the big banking elites have always promoted and pushed
Speaker 3: Marxism historically. By the way, there's another book that John
Speaker 3: Coleman wrote that's actually really good and has quite a
Speaker 3: bit of the sourcing, because his books are notorious for
Speaker 3: not sourcing. One World Order socialist dictatorship. This is actually
Speaker 3: a really good book anyway. So now the federal government
Speaker 3: does not need to attack its own people and leach
Speaker 3: off of their hard work. When the federal prior excuse me,
Speaker 3: the pri that trail reserve, can print as much money
Speaker 3: as they want and give it to their friends. As
Speaker 3: Jack Mallers said two days ago or three to whatever
Speaker 3: it was, we could go, why would I Why should
Speaker 3: I have to work and pay taxes on what I
Speaker 3: worked for when those people can make as much of
Speaker 3: that money out of thin air and give it to
Speaker 3: whoever they want. It's a rigged game. And Maler's has
Speaker 3: a great argument on that point as to why he
Speaker 3: would not ever even live on a FIAT standard and
Speaker 3: his career of the strike app for basically just living
Speaker 3: via bitcoin. I'm actually really close to doing that. I mean,
Speaker 3: we already kind of do that because anything that I
Speaker 3: get is immediately converted into the bitcoin. Always. We've been
Speaker 3: doing that for many, many years. It's worked really well.
Speaker 3: I'm still not sure about how it works with because
Speaker 3: you have to pay taxes. But if if Trump does
Speaker 3: what he's talking about here and gets rid of the
Speaker 3: crypto or she made the capital gains taxes or whatever,
Speaker 3: or no crypto tax whatever that means. That would actually
Speaker 3: make it super super easy to literally just live on
Speaker 3: a big coin center. So basically every Fiat you get
Speaker 3: immediately gets converted into a bitcoin. You don't even worry
Speaker 3: about the daily cost. I think this is the future.
Speaker 3: A lot lot of people are going to be doing
Speaker 3: this in the future, and the only thing that we
Speaker 3: already kind of do this. The only difference is that
Speaker 3: there is some money in my bank just to pay
Speaker 3: the damn taxes, because they're crazy. If you're self employed
Speaker 3: and whatnot, I mean, you have the worst taxes, and
Speaker 3: that's by design to make sure that you don't rise
Speaker 3: up and become successful. So if you ever thought that
Speaker 3: this system was actually structured for success, no, no, it's
Speaker 3: structured to keep you out of success. And had I not,
Speaker 3: for example, had I not paid the insane levels of
Speaker 3: taxes that I pay in the last say, seven years,
Speaker 3: we would have I'm not gonna say how much we
Speaker 3: weave multimillionaires basically, and because that's how much you pay
Speaker 3: in taxes. I'm not saying I pay millions of dollars
Speaker 3: in taxes. I'm saying that the amount of money that
Speaker 3: I put into taxes. If that had been put into
Speaker 3: the bitcoin that I would have bought, we would already
Speaker 3: be in the multimillions of bitcoin. So taxes are crazy.
Speaker 3: Bobby seesays for photodoors have used BitPay. I have the
Speaker 3: bit pay app. I have not used it because, like
Speaker 3: it just it seems like it's just gonna be a
Speaker 3: lot of buying. It's more of a hassle to buy
Speaker 3: what's the word I'm looking for when you go to
Speaker 3: Kroger and you buy the I can't even think of
Speaker 3: the I'm going blank on the word I'm looking for.
Speaker 3: Like you can live just on crypto through something like
Speaker 3: bit pay, but it's a huge hassle because you have
Speaker 3: to buy the like a Kroger card that you put
Speaker 3: the cash onto when you cash out, so I mean
Speaker 3: for groceries and stuff. I mean, it's just it's still
Speaker 3: too much of a hassle. Maybe down the road, but
Speaker 3: if you listen to Mallers talks, it actually does make
Speaker 3: sense for everything that I can tell, except for taxes.
Speaker 3: And if Trump gets this through, then we want to
Speaker 3: have to worry about that, so then you would just
Speaker 3: it would make absolutely no sense to not live on
Speaker 3: a complete bitcoin center for everything. So the strike caap
Speaker 3: is supposed to do that, I don't I haven't used
Speaker 3: it yet. I've downloaded it, but I've not used it,
Speaker 3: so I can't speak to whether the app is good
Speaker 3: or whatever it probably is. I don't know. I just
Speaker 3: haven't used yet. While taut jatuwan five dollars, Hey, hope
Speaker 3: you're doing good. Are you doing any events in Texas?
Speaker 3: Not so far that we know about yet, But a
Speaker 3: lot of times events just pop up. But I try
Speaker 3: to let everybody know as far ahead of time for events,
Speaker 3: for live events, So if if anything does come up,
Speaker 3: I'll definitely let you guys know. Id bro five bucks.
Speaker 3: It won't let me write out my super chat check
Speaker 3: the chats. Thank you. It's about two books? Uh, it's
Speaker 3: about two books? What is your about two books? By
Speaker 3: the way, if you use stream labs, you can I
Speaker 3: think you can write longer. You can write more text
Speaker 3: on the stream labs. Okay, Alex is not pro nWo.
Speaker 3: I don't even know what you're talking about. It doesn't
Speaker 3: make any sense. You'll notice that as soon as we
Speaker 3: start to have some victories suddenly, oh no, everybody's working
Speaker 3: with a new world order. I think a lot of
Speaker 3: people just that's just an easy out for them to say,
Speaker 3: everything's oh, it's just everything's considered, everything's rict everything. So
Speaker 3: so this is like a loser mindset, right when we
Speaker 3: talk about the victim mindset, A lot of people in
Speaker 3: the conspiracy world, in the alternative media world, they have
Speaker 3: a loser victim mindset. They do the exact same thing
Speaker 3: as the woke people that everybody bitches about, justifiably that
Speaker 3: it's all everybody else's fault. It's all the women's the
Speaker 3: women's full. Oh, it's the it's all of the people
Speaker 3: from the Middle East, it's all they're full. Oh, they're
Speaker 3: causing all of my problems. Everything is them. Well, you
Speaker 3: can't change all of that, So the only thing you
Speaker 3: can change is you and your own life. And listen
Speaker 3: to the video that I just shared this morning from
Speaker 3: I don't know who that dude is, he just popped up.
Speaker 3: It's a really good, like a motivational type of video,
Speaker 3: and although it's geared towards dudes, it applies to women too,
Speaker 3: because he's basically just saying all the time and effort
Speaker 3: that you put into your video games, in your anime
Speaker 3: and all the stuff you whine about. Uh, you're the
Speaker 3: one that you're your own worst enemy. And I thought
Speaker 3: that was a really good video. Let's get back to Trump.
Speaker 2: Tradions of dollars into our treasury to strengthen our economy
Speaker 2: and paid down debt.
Speaker 1: Under the Trump administration.
Speaker 2: There will be no better place on earth to create jobs,
Speaker 2: bill factories, or grow a company than right here in
Speaker 2: the good old USA. Already, Americans economic and you can
Speaker 2: see this, I think maybe even in your in your wonderful,
Speaker 2: wonderful room that you're.
Speaker 1: All gathered together, so many of my friends, but.
Speaker 2: Americans, the economic confidence is soaring like we haven't seen
Speaker 2: in many, many.
Speaker 1: Decades, maybe not at all.
Speaker 2: Upon my election, it was just announced a small business
Speaker 2: optimism skyrocketed by forty one points in a single month.
Speaker 1: That's the highest ever. There's never been anything like that.
Speaker 2: SoftBank has announced between a one hundred and two hundred
Speaker 2: billion dollar.
Speaker 1: Investment and the.
Speaker 2: US economy because of the election result, and just two
Speaker 2: days ago, Oracle, soft Bank and Open Ai announced a
Speaker 2: five hundred billion dollar investment in AI infrastructure. Other companies
Speaker 2: likewise have announced billions and billions and billions, So.
Speaker 3: I don't know what you guys are whining about. Like
Speaker 3: we try to do a mature analysis over here, debating
Speaker 3: all day whether this Elon or Trump or anybody is
Speaker 3: a hero or a malicious villion, whether they're all compromised.
Speaker 3: None of that is going to get you ahead. None
Speaker 3: of that is going to solve your problems. So what
Speaker 3: you have to do is focus on the things in
Speaker 3: your life that you can change. Everybody wants to focus
Speaker 3: on things a million miles away that they can't do
Speaker 3: anything about, which, by the way, isn't is a leftist mindset.
Speaker 3: It's a leftist mindset to you know, you're a gamer
Speaker 3: in you're obsessed with what's happening in the Middle East.
Speaker 3: What does that have to do with your day to
Speaker 3: day life. Are you actually starting a business, are you
Speaker 3: actually making money preparing for having a family. No, you've
Speaker 3: adopted a demoralized mindset, a childish, immature, neotany based mindset
Speaker 3: where you think that you can retreat into the fantasy
Speaker 3: worlds and just whine and bitch all day.
Speaker 2: Adding up the trians of investment in America and the
Speaker 2: United States, and it's also reported today in the papers
Speaker 2: that Saudi Arabia will be investing at least six hundred
Speaker 2: billion dollars in America. But I'll be asking the Crown Prince,
Speaker 2: who's a fantastic guy, to round it out to around
Speaker 2: one tree. And I think they'll do that because we've
Speaker 2: been very good to them. And I'm also going to
Speaker 2: ask Saudi Arabia and Opek to bring down the cost
Speaker 2: of oil.
Speaker 3: You got to bring it down.
Speaker 2: Now.
Speaker 3: This is interesting that he mentioned this because this is
Speaker 3: part of the debate on Twitter in regard to the
Speaker 3: Middle East and the British Empire and oil in Israel,
Speaker 3: because I don't recall all the details, but it's Ngdahl
Speaker 3: has a great analysis, a great chapter explaining how the
Speaker 3: nineteen seventies oil crisis was organized by Kissinger at Bieberg
Speaker 3: via Opek to essentially set up the petro dollar. But
Speaker 3: the petro dollar is based on this globalized oil market
Speaker 3: that relies on places like Saudi Arabia. So my assumption
Speaker 3: being that that allows a lot of control for that
Speaker 3: we help. This is part of how we control Saudi Arabia,
Speaker 3: and that the deal is that we buy the oil
Speaker 3: from them, but we don't need that right, we could
Speaker 3: have been completely energy independent. We don't have to. But
Speaker 3: this is all architect This is all organized set up
Speaker 3: by global elites in that architecture of control, creating an
Speaker 3: intentional empire where the American economy is outsourced. It has
Speaker 3: turned into a service based economy except for tech. That's
Speaker 3: the only thing that was allowed to remain. And then
Speaker 3: we rely on all this stuff that we don't even
Speaker 3: need to rely on. But that was all done on purpose,
Speaker 3: because of a fabian socialist technocrat agenda to create a
Speaker 3: world globalized market in society, global citizens. But it's done
Speaker 3: by design. And so when Kissinger is doing all this,
Speaker 3: he's doing this at the behest of the people who
Speaker 3: recruited him and put him in that position. The Rockfaller
Speaker 3: family on record by design admitted one hundred times over
Speaker 3: in the writings, so we know that whatever he's engineering
Speaker 3: has nothing to do with what's good for the West
Speaker 3: or Nation States. They moved the West out of a
Speaker 3: production economy. That was that was decided upon the nineteen
Speaker 3: twenties at Pratt House, at the creation of the Council
Speaker 3: form Relations. They decided, we want an American imperium and
Speaker 3: we're going to get rid of the isolationists. That was
Speaker 3: part of the reason for the wars, because we had
Speaker 3: to be involved in these European conflicts by design. And
Speaker 3: that was what the Milner Fabian circles decided when they
Speaker 3: sent the British, the British spies to set up the
Speaker 3: OSS and the CIA. That would be the means by
Speaker 3: which America would be underneath a shadow government and not
Speaker 3: the elected officials. So people expect that, oh, we're going
Speaker 3: to have like Trump's going to save the day, or
Speaker 3: he's a villain. If he doesn't do everything perfectly, or
Speaker 3: if everything doesn't happen right away, then they're all villains
Speaker 3: and they're all fakes, and it's all compromised. Look, the
Speaker 3: whole world of politics is compromised. That's it. That's how
Speaker 3: it functions.
Speaker 4: It's the out of the deal.
Speaker 3: Now. If Fabian socialism and all this nonsense, it took
Speaker 3: one hundred plus years to get America to where it
Speaker 3: is down the drain. It's gonna be a hard way
Speaker 3: and probably a long time to get out of that.
Speaker 3: It is possible, but you're gonna have to deal with
Speaker 3: the Federal Reserve. You're gonna have to deal with that
Speaker 3: entity which controls and destroys the currency and the country primarily,
Speaker 3: and the idea of bringing back industry and this kind
Speaker 3: of stuff, which is what Trump's trying to do. So
Speaker 3: he's saying a lot of the right things, a lot
Speaker 3: of the right rhetic rhetoric. The first few days we
Speaker 3: have a much stronger presence in executive order roll out
Speaker 3: than anything close to what we had in the first
Speaker 3: four years of Trump. So it remains to be seen.
Speaker 3: But it doesn't really matter whether Trump himself is ultimately
Speaker 3: a bad guy or a good guy. It's just so
Speaker 3: annoying and all everybody ever wants to do is debate
Speaker 3: individuals and their motives. Get away from that mindset. That's
Speaker 3: why people lose all the debates that they have with me,
Speaker 3: for example. They always want to make it a personal thing.
Speaker 3: They want to make it about this or that. None
Speaker 3: of that has anything to do with the issues and
Speaker 3: the reality on the ground. So it's probably going to
Speaker 3: be decades before we undo a lot of these evil
Speaker 3: actions of the global elite, and it's going to be
Speaker 3: decades before we move over to the window back in
Speaker 3: the other direction, where more and more things can be
Speaker 3: talked about that. You still probably can't talk about Jay.
Speaker 3: Have you done it analysis the movie The Good Shepherd.
Speaker 3: I think we've talked about it on some live streams,
Speaker 3: but I haven't done a total breakdown. It's a really
Speaker 3: I mean, it's good. It's kind of accurate about the
Speaker 3: history of the OSS and Yale University and Skull and
Speaker 3: Bones and how the early people recruited in the OSS,
Speaker 3: that it was set up by British intelligence. All that's
Speaker 3: the movie. And you even have the skull and Bones,
Speaker 3: like you know, peeing on each other and all the
Speaker 3: weird hamo erotic stuff. But uh, it's also a pretty
Speaker 3: boring movie. Light two dollars. What do you think of
Speaker 3: Albert Parke's World War II prediction? I think it's probably
Speaker 3: not authentic.
Speaker 2: We'll frankly, I'm surprised they didn't do before the election.
Speaker 2: That didn't show a lot of love by them not
Speaker 2: doing it. I was a little surprised by that if
Speaker 2: the price came down, the Russia Ukraine war would end immediately.
Speaker 2: Right now, the price is high enough that that war
Speaker 2: will continue. You've got to bring down the oil price.
Speaker 2: You're going to end that war. They should have done
Speaker 2: it long ago. They're very responsible actually to a certain extent,
Speaker 2: for what's taking place. Millions of lives are being lost
Speaker 2: with oil prices going down. I'll demand that interest rates
Speaker 2: drop immediately, and likewise they should be dropping all over
Speaker 2: the world.
Speaker 1: Interest rates should follow us all over.
Speaker 2: The progress that you're seeing is happening because of our
Speaker 2: historic victory in a recent presidential election, one that has
Speaker 2: become quite well known throughout the world. I think a
Speaker 2: lot of things are happening to a lot of countries.
Speaker 2: They say that there's light shining all over the world
Speaker 2: since the election, and even countries that we aren't particularly
Speaker 2: friendly with are happy because they understand what there is
Speaker 2: a future and how great the future will be under
Speaker 2: our leadership.
Speaker 1: America is back and open for business.
Speaker 2: And this week I'm also taking swift action to stop
Speaker 2: the invasion at our southern border. They allowed people to
Speaker 2: come in at levels that nobody's ever seen before.
Speaker 1: It was ridiculous. I decided and declared to do.
Speaker 2: And very very importantly, and national emergency on our border
Speaker 2: immediately halted all entry of illegal border crossers.
Speaker 3: So this is all pretty good. I mean, hope hopefully
Speaker 3: this all do something. I mean, remember when a Chuck Schumer.
Speaker 3: So there's eleven million. I mean, can we is that
Speaker 3: possible to to port? I mean, I don't know what's
Speaker 3: going on? And then you have all these missing young people.
Speaker 3: You can guess what I'm talking about that Lord Boldemort's
Speaker 3: been talking about. I mean, hopefully we can get on
Speaker 3: all of this. I mean, what's the purpose of the
Speaker 3: military if it is not to do that? I mean,
Speaker 3: that's the whole purpose of having the military is this
Speaker 3: kind of stuff. So it's not to be a world
Speaker 3: empire fighting for the fortune one hundred and for certain
Speaker 3: countries in the Middle East to do everyone else's bidding.
Speaker 3: So that's not the purpose of our military.
Speaker 2: So many and again properly returning the illegal trespasses back
Speaker 2: to the place from which they came. That action, as
Speaker 2: you've probably seen, has already started very strongly. Have deployed
Speaker 2: active duty US military and National Guide troops to the
Speaker 2: border to assist in repelling the invasion.
Speaker 1: It was really an invasion. We will not allow our
Speaker 1: territory to be violated.
Speaker 2: After four long years, the United States is strong and
Speaker 2: sovereign and a beautiful nation. Once again, it's a strong
Speaker 2: sovereign nation in addition on police to report that America
Speaker 2: is also a free nation once again. When day one,
Speaker 2: I signed an executive order to stop all government censorship.
Speaker 2: No longer will our government label the speech of our
Speaker 2: own citizens as misinformation or disinformation.
Speaker 3: Now everyone's going to say, except for Middle Eastern countries,
Speaker 3: that applies now. Again. Not everything is going to happen immediately.
Speaker 3: You're not going to get everything that you want in politics,
Speaker 3: day one, people have to make compromises. I'm not saying
Speaker 3: that's good. We're not talking about ethics and good and bad.
Speaker 3: This is what a lot of immature, low tier people
Speaker 3: do when they analyze geopology, tics, or even politics. They
Speaker 3: think of it in a very simplistic good guy, bad
Speaker 3: guy way, and everything is all or nothing. So there's
Speaker 3: no such thing as compromised. There's no such thing as
Speaker 3: getting fifty percent of your agenda, don twenty percent, eighty percent.
Speaker 3: It's either all or nothing. You either get everything done
Speaker 3: and you do everything perfectly, or you're all co opted
Speaker 3: part of the vast malicious conspiracy. You're all evil. People
Speaker 3: are a spectrum, okay, and they're all on the spectrum,
Speaker 3: and all of you and the audience are on the spectrum,
Speaker 3: just joking. People are a spectrum. They're not all bad
Speaker 3: and they're not all good. Some people are way more
Speaker 3: malicious and evil than they are virtuous, since some people
Speaker 3: are way more virtuous than they are evil or malicious,
Speaker 3: So there's a vast spectrum here. But many people in
Speaker 3: the alternative media, in the conspiracy world, for them, everything
Speaker 3: is black and white, everything is purity spiraling. Everything is
Speaker 3: you either do and say everything that our group over
Speaker 3: here thinks is the perfect way to do it, or
Speaker 3: you're compromised and you're evil. And again, in the real world,
Speaker 3: it's not that way. Even just from our philosophy of ethics,
Speaker 3: we know that not everybody is completely malicious and evil,
Speaker 3: and so it's almost kind of a gnostic man of
Speaker 3: Keenan mindset that you're either in my pure group of
Speaker 3: the children of light, or you're in the duality opposite
Speaker 3: dialectic of all the suns of darkness, right, and that's it.
Speaker 3: There's no such thing as people who are virtuous but
Speaker 3: have some vices, or full of vice but have maybe
Speaker 3: one or two virtues. So I think it's better to
Speaker 3: stop thinking of everything in terms of these all or
Speaker 3: nothing situations. It's also really immature and stupid to think
Speaker 3: about everyone in media or everybody in the alternative media
Speaker 3: being agents and being part of a conspiracy. That's really stupid.
Speaker 3: It's not even necessary. For example, remember the vegan stuff,
Speaker 3: Remember that was being promoted, and Tristan called attention to
Speaker 3: this a while back, and he had a great point,
Speaker 3: which was, you didn't you didn't have to have people
Speaker 3: recruited into some network and you know, made agents or
Speaker 3: something like that. You only had to have like a
Speaker 3: few thousand dollars given to these idiot YouTuber influencers to
Speaker 3: push veganism. And like he was using examples of like
Speaker 3: Earthling Ad and these kinds of people who Saudi billionaires
Speaker 3: were giving i don't know, two thousand, five thousand dollars
Speaker 3: too or whatever it was.
Speaker 4: To allegedly allegedly.
Speaker 3: To promote you know, veganism and this kind of diet stuff.
Speaker 3: And remember well I won't talk about that, but koof
Speaker 3: times we had similar stuff. So things are a little
Speaker 3: i would say, simpler a lot of times than people
Speaker 3: in the conspiracy alternative media world. They overanalyze and everything
Speaker 3: is seen as six hundred sixty six dimensional chess, which
Speaker 3: is precisely why some of those people fell for that
Speaker 3: Q nonsense, which was idiotic, because these people are not
Speaker 3: all operating at every second on a six hundred and
Speaker 3: sixty six dimensional chess move, okay.
Speaker 2: Which your favorite work of sensors and those who wish
Speaker 2: to stop the free exchange of ideas and frankly progress,
Speaker 2: we have saved free speech in America and was really
Speaker 2: paying the difference at that time, and it was unfair
Speaker 2: to the United States, but many, many things have been
Speaker 2: unfair for many years to the United States. Before even
Speaker 2: taking office, my team negotiated a ceasefire agreement in the
Speaker 2: Middle East, which wouldn't have happened without us, as I
Speaker 2: think most of the people in the room now. Earlier
Speaker 2: this week, the hostages began to return to their families.
Speaker 2: They are returning and it's a beautiful site and they'll
Speaker 2: be coming in more.
Speaker 1: And or they started coming back on Sunday.
Speaker 2: Our efforts to secure a peace settlement between Russia and
Speaker 2: Ukraine are.
Speaker 1: Now hopefully under By skipping a term, I would get
Speaker 1: the Olympics.
Speaker 6: I was upset.
Speaker 2: I said, you know, I got the Olympics to come,
Speaker 2: and I thank everybody for being with you.
Speaker 1: I would have been there.
Speaker 7: Myself to see you. We are Book of the Mark Armies.
Speaker 3: Was that all there was to it? I thought there
Speaker 3: was more to this. Let me see does he come
Speaker 3: back and we'll see.
Speaker 8: So also, connel with some of the most distinguished business
Speaker 8: people in the world.
Speaker 1: Let me start with someone that you know really well,
Speaker 1: that I think is almost.
Speaker 9: A neighbor of you in Malorado and in Florida, mister
Speaker 9: Steve Schwartzman, Chairman, CEO and co formder Blackstone Group.
Speaker 1: So Steve Floris yours well, mister President.
Speaker 2: I'm sure the Crown Prince of Saudi Arabia will be
Speaker 2: really glad you gave.
Speaker 1: This speech today. You've had the busiest for the EU
Speaker 1: ways that it takes.
Speaker 2: And I'm going to give you a quick little example
Speaker 2: in the private life, my beautiful private life. Before I
Speaker 2: had all these things happening, the world is a little different,
Speaker 2: all right.
Speaker 3: So a twenty minute speech and then Q and A.
Speaker 3: I'm not gonna do all this Q and A. That's
Speaker 3: gonna put me to sleep with this boomer stuff. By
Speaker 3: the way, I'm still kind of sick. So if you
Speaker 3: see me blow my nose like that guy that commented, Oh,
Speaker 3: we got him.
Speaker 4: Who's a coked. Who's a coked.
Speaker 3: It's called espresso doll, and it's called having a coal man.
Speaker 8: I like.
Speaker 3: See, that's a great example, right, So if I sniff
Speaker 3: a lot and if I blow my nose, that clearly
Speaker 3: must be that he's some sort of cokehead. When everybody
Speaker 3: watched these streams knows that I have terrible allergies and
Speaker 3: I had a coal for the last two weeks and
Speaker 3: it's messed up my impressions. So you see, you'll notice
Speaker 3: then the default to assuming the worst about people. And
Speaker 3: while we should have, as the actually the saints and
Speaker 3: elders talk about this, we should have a discerning, reserved
Speaker 3: attitude about a lot of things, especially in the modern world.
Speaker 3: To be overly suspicious and to assume everyone is malicious
Speaker 3: is actually a demonic attitude. So keep that in mind
Speaker 3: that it's actually the work of the demons to get
Speaker 3: you to think that everyone's malicious and everyone's evil and
Speaker 3: everyone's out to get you. And the ultimate end of
Speaker 3: that is like some sort of paranoid schizophrenia. So that's
Speaker 3: the extreme result of the of the idea that everyone's evil,
Speaker 3: everyone's bad. Everyone's out to get you, everyone's scamming you,
Speaker 3: everyone's lying to you. I mean literally, the most extreme
Speaker 3: version of that is a hardcore mental disorder. This is
Speaker 3: why people have tended to say about conspiracy theorists that
Speaker 3: they have this problem. And although not every conspiracy theorist
Speaker 3: has this problem, you could see how an extreme version
Speaker 3: of that could lead to that delusion. And it is
Speaker 3: a delusion. It's a spiritual delusion because it doesn't match
Speaker 3: up to reality. Not everyone is out to get you,
Speaker 3: not everyone is a scammer, not everyone is malicious, not
Speaker 3: everyone's evil, Not everyone's part of a bass conspiracy to
Speaker 3: screw you over and keep you working at Pizza Hut
Speaker 3: or Walmart. There are conspiracies, there are problems in the world.
Speaker 3: There are espionage entities working to subvert there are corporate spies,
Speaker 3: there are CIA operatives, but they don't run everything in
Speaker 3: the world.
Speaker 6: They're not God.
Speaker 3: And so it's just really stupid, and it's you are
Speaker 3: your own worst enemy when you allow conspiracy theories and
Speaker 3: dark topics and subjects to dominate your thought process. And
Speaker 3: just keep that in mind. And Tony sends five pounds.
Speaker 3: I'm new to bitcoin. The EU will shortly come after
Speaker 3: self custody and while it's in exchanges on the basis
Speaker 3: of privacy. Do you have advice for those in the
Speaker 3: EU or companies that you know working us EU. I
Speaker 3: don't know about EU stuff or what they're going to
Speaker 3: try to do, but I would say go ahead and
Speaker 3: stack as much as you can and move it to
Speaker 3: a cold, cold storage before they try to do all that.
Speaker 3: But even if they do put into into play a
Speaker 3: lot of KYC, I mean, you can still try to
Speaker 3: keep buying it. Now, this guy had a great This
Speaker 3: was actually a really genius I don't think he came
Speaker 3: up with it, but somebody told him about this. And
Speaker 3: if you think about it, wait a minute, this is
Speaker 3: actually pretty genius and it's kind of obvious. I don't
Speaker 3: know why nobody even thought of it. Probably people did
Speaker 3: think of this, But what he says here in these
Speaker 3: first couple of minutes is a interesting thing to keep
Speaker 3: in mind. This was an interesting when I saw.
Speaker 10: This was an interesting thing that I saw today. He's
Speaker 10: on Twitter.
Speaker 3: And it said, did you know.
Speaker 10: You can put bitcoin on a wallet and just hand
Speaker 10: that wallet over to somebody with the pen as a
Speaker 10: form of payment with no taxes.
Speaker 3: Did you catch that? Now you're responsible for what you report.
Speaker 3: I'm not telling you to do anything illegal, but it's
Speaker 3: kind of the same principle as cash payments. Right, somebody
Speaker 3: works for you, you pay them in cash.
Speaker 8: Right.
Speaker 3: Hello, do you guys get what he's saying? And it said,
Speaker 3: did you.
Speaker 10: Know you can put bitcoin on a wallet and just
Speaker 10: hand that wallet over to somebody with the pen as
Speaker 10: his form of payments with no taxes?
Speaker 6: Hello?
Speaker 3: Now, I'm not telling you to do that, and I
Speaker 3: pay crazy ass taxes every year, but it's no different
Speaker 3: than cash payment. JV three two dollars. Hey, Jamie, triple espresso.
Speaker 3: Give it to Jay now he needs it. I've had
Speaker 3: quite a few espressos today. Jamie's not here right now,
Speaker 3: so maybe ghost of Jamie could bring me an expresso.
Speaker 3: Nathan kurt sins five dollars. When was the last time
Speaker 3: you watched Wanted? Is that that one with? Is it
Speaker 3: James McAvoy and Angelina Joe Lee. It's a fun, dumb
Speaker 3: movie with MK assassin's and prominent Christian symbolism. It's a
Speaker 3: reddit nerd nerd rage movie. Yeah, it has probably been
Speaker 3: about ten years since I watch it, but I do
Speaker 3: remember some of those themes. Maybe that's something that we
Speaker 3: should check out again. Brandon gear Since five dollars, what's
Speaker 3: the correct response to seculars who try to say in
Speaker 3: guilt of Christians by saying, if Jesus is now here
Speaker 3: you he wouldn't he would have been deported. Well, it's dumb,
Speaker 3: because Jesus is the son of God. So no, the
Speaker 3: son of God has authority both spiritually and timborely above
Speaker 3: any president or ruler, but it has nothing to do
Speaker 3: so Israel had laws for visitors, for foreigners, and it
Speaker 3: had laws for maintaining the nation state. So it's really
Speaker 3: ignorance when leftists try to use the Bible or anything
Speaker 3: like this for no borders. I mean, it's just nonsense.
Speaker 3: It's completely idiotic, and it's totally ignorant of history. I mean,
Speaker 3: why would there be so many laws about how to
Speaker 3: treat the foreigners and you have to actually treat them fairly.
Speaker 3: The foreigner can't come into your land and do whatever
Speaker 3: he wants, like he can't come and start setting up
Speaker 3: worship of demons or whatever. But you can't just automatically,
Speaker 3: you know, get rid of them, or you have to
Speaker 3: treat them in a fair way. But that's presupposing that
Speaker 3: there is knowledge of and legal migration of those people.
Speaker 3: There's nothing in the notion of nation states. No nation
Speaker 3: state or empire in history has allowed unmitigated open borders
Speaker 3: that has always led to the collapse of countries. So
Speaker 3: it's just nonsense to think that the Bible somehow vindicates
Speaker 3: open borders when the entire history of Biblical history is
Speaker 3: based on legal theory that backs up nation states, empires,
Speaker 3: and civilization. It's total nonsense. In fact, all today's laws,
Speaker 3: like legal theory about borders and whatnot, comes out of
Speaker 3: Church law, comes out of biblical law, that is Western civilization.
Speaker 3: So all you have to do is just bury the
Speaker 3: leftist in his ignorance and idiocy by pointing out basic facts.
Speaker 3: I think I hit all the super chests there. Let's see,
Speaker 3: multiple people bought new memberships. Let's see or no, maybe
Speaker 3: did they didn't? End I miss that Holly is a member.
Speaker 3: Richard Lozano bought five memberships. I appreciate that. So we
Speaker 3: got twenty one new members. I'm about I'm at about
Speaker 3: two hundred members now, which is pretty crazy for you know,
Speaker 3: the last week and a half two weeks of being monetized.
Speaker 3: All right, so I remember, I'll be live tonight with
Speaker 3: stand up comedian Danny pouliz Shuk on his Low Value
Speaker 3: Male podcast at ten pm Eastern, and we're gonna get
Speaker 3: it over here to now. I thought about covering this,
Speaker 3: but it's off topic. But there ain't no way this
Speaker 3: goofy white woman stumbled into Mohammed and the Qur'an all
Speaker 3: this nonsense. This is a great example of in my opinion,
Speaker 3: I don't have proof of this, but my opinion is
Speaker 3: people that are like this woman that suddenly start promoting
Speaker 3: Islam or like the Tates did. They in my opinion, allegedly,
Speaker 3: they probably are paid to do this, So I don't
Speaker 3: know who. Maybe my suspicion is Saudi's are actually really
Speaker 3: paying and promoting a lot of the Salafi Islam all
Speaker 3: over the internet. They're probably putting money into it, and
Speaker 3: that's why so many of the apologists of Islam or
Speaker 3: all of these solofis like Jake and Daniel or whoever.
Speaker 3: But there's no way this goofuss woman here came to
Speaker 3: the conclusion on her own that Mohammed is prophesied in
Speaker 3: the Bible in the Book of John. I mean, you
Speaker 3: have to be completely ignorant to think that the passages
Speaker 3: about the Comforter in the Book of John are which
Speaker 3: are obviously about the Holy Spirit, which she just identifies
Speaker 3: multiple times over in those passages, that that's about Mohammed.
Speaker 3: I mean, this is so dumb that the only way
Speaker 3: to pass this off on people is that people are
Speaker 3: completely stupid, which is how it works. No way, this
Speaker 3: woman studied her way into like she was like, who
Speaker 3: is reading the Gospel of John and thanks, oh the Comforter,
Speaker 3: the one to come, that's the prop for Mohammed seven
Speaker 3: hundred years later.
Speaker 4: This is just mind bogglingly dumb, dude, It's amazing that.
Speaker 3: It even has to be responded to. If the Bible
Speaker 3: is corrupted, then it can't predict Mohammed. Dummies, this is
Speaker 3: that stupid. But you know this, You know this woman
Speaker 3: got paid to push this.
Speaker 4: Stuff, allegedly, allegedly.
Speaker 3: To use the Kat Williams impression fake out. By the way,
Speaker 3: if you don't follow me on Twitter, why not get
Speaker 3: over here, get over here, son right here. You know
Speaker 3: that you know she doesn't know anything, She's ain't No way,
Speaker 3: that just no way. She nobody studies their way into
Speaker 3: thinking that John fifteen sixteen fourteen ft six you're talking
Speaker 3: about Mom is so dumb? Like, what is your opinion
Speaker 3: on James Bonds on Her Majesty Secret Service movie and
Speaker 3: the similarities to the COUF. I talked about it, in fact,
Speaker 3: I've we did podcasts on that ages ago, not about
Speaker 3: coof but about stabbys. I think it's in my first
Speaker 3: book I talk about that. So you want my opinion
Speaker 3: on it? Get esoteric callywood one signed copies. Yeah, exactly.
Speaker 3: I think it's a grift for the three zero four's
Speaker 3: that are pushing Islam. Now. I think that makes a
Speaker 3: lot of sense. Now, let's kick off this next section
Speaker 3: with this brief intro, and then we'll get into it.
Speaker 6: With tragedy.
Speaker 11: Because people never had proper economic energy. We tried with gold,
Speaker 11: it never quite worked. I can give you a thousand
Speaker 11: examples of hyperinflation dating back to five hundred BC of
Speaker 11: money not quite working.
Speaker 3: Let me give you an example of low tier stupid
Speaker 3: people right now. If I play this Michael Sailor clip,
Speaker 3: I want to listen to what he's saying, what his
Speaker 3: arguments are. I don't care about Michael Saylor's motives. We're
Speaker 3: setting aside motives when we do analysis. So many of
Speaker 3: you are not good at debates or arguments or presenting
Speaker 3: your position because you can't divorce the situation, the issue,
Speaker 3: the topic of debate from the person, and most people
Speaker 3: can't do that. But it's a huge disadvantage in life
Speaker 3: and to you when you can't do that, because it
Speaker 3: means you're going to fall for all the wrong reas
Speaker 3: to like or dislike a person or listen to their arguments.
Speaker 3: So let's say, for the sake of argument, Michael Saylor
Speaker 3: is a total evil, cia operative, malicious person and he's
Speaker 3: up to no good. Okay, good, Now, let's hear what
Speaker 3: he's arguing and what his position is and why he
Speaker 3: thinks this or that, to see if the arguments stand
Speaker 3: on their own merit, regardless of his own motivations. Now,
Speaker 3: he's going to promote it because he believes in it.
Speaker 3: But what if he believes in it for malicious, bad reasons. Okay,
Speaker 3: let's say that that's true. Now let's move on too,
Speaker 3: whether the arguments are good, whether this makes sense, whether
Speaker 3: it matches up to the other things that we know
Speaker 3: about the history of money, the failures of monetary policy
Speaker 3: for all governments in the past, why at FIAT currencies
Speaker 3: always go to zero, and whether or not there's real
Speaker 3: possibilities here. Let's think about it from that perspective. I
Speaker 3: don't need and I don't care about all of your
Speaker 3: personal gripes and thoughts about Michael Saylor. If you don't
Speaker 3: know anything about crypto, if you're not actually successful in
Speaker 3: this domain, why do you think I would listen to you.
Speaker 3: This is a question that I was on a podcast
Speaker 3: for the first two hours. I got up this morning
Speaker 3: and we were talking about this, and we were talking
Speaker 3: about how everybody loves to pop off on everything and
Speaker 3: they know everything about every topic. If you didn't make
Speaker 3: money in crypto, or if you're not successful in making money,
Speaker 3: why would I listen to you about money. I'm being serious,
Speaker 3: I'm not being a dickhead. This isn't this is I
Speaker 3: want you to think about this. Would you go to
Speaker 3: a guy who is an idiot on your block that
Speaker 3: plays air guitar and he's gonna tell you everything. And
Speaker 3: there's dudes like this, right, like air guitar dudes that
Speaker 3: don't know how to play guitar. They've never played a guitar,
Speaker 3: but they have like every rock album and every metal album,
Speaker 3: and they know all about the band and all about
Speaker 3: their history. But they've never played an instrument and they
Speaker 3: don't know how. But they can tell you everything about
Speaker 3: music and who's good and who's bad because you don't
Speaker 3: even play the instruments. Doll or like sports dorks that
Speaker 3: know everything about stats and teams, but they're fat dudes
Speaker 3: that don't play basketball. And the point is not can
Speaker 3: they know about it without playing it. The point is
Speaker 3: that I'm not going to listen to you think about
Speaker 3: economics professors. And I remember this when I was in
Speaker 3: college and I came to this realization when I had
Speaker 3: an economics class, and I'm like, wait a minute, this
Speaker 3: professor makes this is in the two thousands, we'll say,
Speaker 3: fifty eighty thousand dollars a year teaching economics at the
Speaker 3: local university. Okay, that's that's not poverty, but that's like
Speaker 3: middle middle class, maybe now lower middle class. I don't
Speaker 3: even know what professor's mean nowadays. Okay, you're not successful
Speaker 3: in money, Why would I listen to you? You're gonna
Speaker 3: tell me about all the theories of Kangean economic theory
Speaker 3: and socialist economic theory and my mama, ma Bama. And
Speaker 3: you're gonna go get in uh a, you go and
Speaker 3: drive back to your apartment or whatever like you don't.
Speaker 3: If you've not had success in this domain, why would
Speaker 3: anyone listen to you popping off about all your knowing
Speaker 3: everything about it. So I'm not gonna listen to anyone.
Speaker 3: And by the way, I'm glad I didn't listen to
Speaker 3: all the idiots over the years who constantly told me
Speaker 3: what to do with my money and this and that.
Speaker 4: Bopa bitcoin.
Speaker 3: I remember there was tons of comments in twenty twenty two,
Speaker 3: bitcoin's going to zero in January Craig Wright, bitcoin will not. Well,
Speaker 3: it's going to zero, and he duped everybody that bought
Speaker 3: into that nonsense DSV. So you have to have some conviction,
Speaker 3: You have to have some You shouldn't listen to people
Speaker 3: who have not been successful. That's what I'm trying to say.
Speaker 3: And that's it's just a weird thing, like it's for
Speaker 3: some reason in say theology or in debate or logic
Speaker 3: or philosophy or maybe even economics, there's just this idea
Speaker 3: which is not true in any other domain, like if
Speaker 3: you wanted to get a bug sprayer or like an INtime,
Speaker 3: like would you go ask your neighbor about how to
Speaker 3: get rid of pests and bugs? Or would you ask
Speaker 3: the bug spray like bug control people. Like in every
Speaker 3: other domain, people go to people who have been successful
Speaker 3: in it. But for some reason, in these other domains,
Speaker 3: people think that no, every Internet goofball is who I
Speaker 3: should listen to. It just doesn't make any sense. And
Speaker 3: I guess the Internet actually is part of why it's
Speaker 3: that way, because it gives everyone a voice. And I'm
Speaker 3: not saying that's necessarily baut because there's pros and cons
Speaker 3: to this, but everyone can have the appearance of being
Speaker 3: an expert when they're not and they've not had any
Speaker 3: success in these fields or in these domains, but they
Speaker 3: can pretend that they are and play like they are.
Speaker 3: And now freaking AI. And by the way, I've noticed this,
Speaker 3: like multiple times now in the past couple weeks, right
Speaker 3: where I'm say, I'm having a discussion with somebody on Twitter,
Speaker 3: and I can recognize right away you're copying and pasting
Speaker 3: the damn Grock responses. You don't know what you're even
Speaker 3: talking about and I don't even care that you ask
Speaker 3: a question to Grok right, like what year was Balfour
Speaker 3: Declaration or something, right, and then it pops up the year. Yeah,
Speaker 3: it makes sense, no different than doing a search on Google.
Speaker 3: But all of these people are replacing actual education and
Speaker 3: knowledge of domain topics with AI and it doesn't. It's
Speaker 3: not gonna work, dummies, It doesn't. You can't. You might
Speaker 3: fool other dummies, but you're not going to fool people
Speaker 3: that know these topics, right, Like, if you've studied philosophy,
Speaker 3: you can't grock your way through debating people on philosophy.
Speaker 3: It's idiotic, Like that classical liberal dude last week that
Speaker 3: was so stupid. It's like, did we can all tell
Speaker 3: that you're just putting copy and pasting what you put
Speaker 3: into groc Dummy, you can tell the groc speak. But look, uh,
Speaker 3: you know there's always going to be people doing this,
Speaker 3: and look, they're not going to be successful. That's the point.
Speaker 3: You're not going to be successful faking it until you
Speaker 3: make it necessarily.
Speaker 11: For the first time in human history, we have invented
Speaker 11: a technology that allows a human to tightly bind economic
Speaker 11: energy to their person or for a corporation to tightly
Speaker 11: bind economic energy to the corporation. What it means is
Speaker 11: you don't have to suffer an early, painful economic death.
Speaker 11: This person, Satoshi offered us this gift. The gift is
Speaker 11: you get to own your own money and no one
Speaker 11: can take it away from you.
Speaker 3: You get to keep your life forced.
Speaker 6: And what do I think will happen.
Speaker 11: I think that companies life expectancy on the bitcoin standard
Speaker 11: goes from ten years to thirty years, to forty years
Speaker 11: to one hundred years. And I think living longer is
Speaker 11: a good thing. And I think families life expectancy is
Speaker 11: dramatically increased. The half life of money in gold is
Speaker 11: thirty years. Gold debase is at two percent a year.
Speaker 11: The half life of money in bitcoin is forever. Some
Speaker 11: people will not appreciate it, and they won't get it.
Speaker 11: That's okay, okay, you don't have to buy it. Lots
Speaker 11: of people won't buy Clean money is just as important
Speaker 11: as antibiotics. It's just as important as fat, it's just
Speaker 11: as important as clean electricity.
Speaker 6: It's technology. It makes the world a better place.
Speaker 11: And I think that for a billion human beings that
Speaker 11: are destined to economic misery, for them, it's the matter
Speaker 11: of life or death.
Speaker 3: Yeah, so basic points there to keep in mind. Alexander
Speaker 3: ten dollars. Jay, my friend brought up Saint Ernaeus saying
Speaker 3: that Jesus was possibly forty to fifty year old years
Speaker 3: old when he died. I don't know how to respond
Speaker 3: to this. Aernaus made a mistake. We don't believe the
Speaker 3: church fathers are infallible. Mister Smirk's five dollars. What are
Speaker 3: your predictions for bitcoin? In Q four? I'm young, but
Speaker 3: I'm in the process of getting my commercial driver's license
Speaker 3: so that I can hopefully go on before its skyrockets
Speaker 3: to one fifty. I do think that's likely on the
Speaker 3: table anywhere from two hundred to five hundred. We just
Speaker 3: had the removal of that law that had to do
Speaker 3: with banks not being able to custody bitcoin. Trump got
Speaker 3: rid of that S one B or SA one B,
Speaker 3: whatever it's called. That was another huge bullish thing that
Speaker 3: people are ignoring. But that just went went away. And
Speaker 3: you know, Sailor was talking about certain things that would
Speaker 3: have to happen before we could see two, three, four,
Speaker 3: five hundred thousand dollars bitcoin, and that was one of
Speaker 3: those things all right, So let's get into this. We're
Speaker 3: gonna treat this like our classic analysis talks and lectures.
Speaker 3: Shout out to my financial friend for posting this. Cool guy,
Speaker 3: nice guy. We're gonna try to understand this so that
Speaker 3: you don't have any excuse to say explain to bigcin
Speaker 3: owner student or if so it works well, we're gonna
Speaker 3: listen to one of the best at it. I don't
Speaker 3: agree with everything Michael Saylor says, but overall he's still
Speaker 3: pretty good at it. Maxi Chuiser is good. I don't
Speaker 3: agree with everybody and every point, but we can handle
Speaker 3: and listen to people that we disagree with. That's another
Speaker 3: sign of being a mature thinker. And so we're not
Speaker 3: going to devolve into all the hundred reasons why someone
Speaker 3: so is a bad person. I don't care whether you
Speaker 3: think he's a good or bad person has nothing to
Speaker 3: do with what we're going to talk about today. Bobby
Speaker 3: C five dollars. I have issues with bitcoinners when they
Speaker 3: talk about it being like a religious movement. Okay, fair enough,
Speaker 3: anything could be an idol.
Speaker 11: I know I took you away from probably a non
Speaker 11: box lunch, but I'll try to make it worth your while.
Speaker 7: Everybody in the world.
Speaker 11: Every investor, every executive is facing an economic and a
Speaker 11: technology challenge. You could specify the economic challenges. It's very
Speaker 11: difficult to outperform monetary inflation when you look at the
Speaker 11: rate at which the currency supply is expanding.
Speaker 3: Now, this is what we talk about all the time.
Speaker 3: This should be an uncontroversial clear point. The governments that
Speaker 3: have the ability to well the private banks that run
Speaker 3: those governments, had the ability to print the currency as
Speaker 3: they choose, and this is a huge crime against humanity.
Speaker 3: It's essentially value and energy theft over time because it
Speaker 3: dilutes the purchasing power of your money. And if you
Speaker 3: basically understand that simple point, which is again what Ron
Speaker 3: Paul has been saying forever and no or and ever,
Speaker 3: all the gold bugs, all the Vonnmesa's people, all the
Speaker 3: Austrian economics people, all the bitcoiners, right, this is a
Speaker 3: fundamental point. That's what we have to understand. And this
Speaker 3: is not controversial because it's what quickly admits in the
Speaker 3: first three hundred pages of Tragic Hope is that this
Speaker 3: is how the system works. Going back to the early
Speaker 3: modern period in Europe, when you had the ability to
Speaker 3: inflate gold notes. The banking elite figured out that they
Speaker 3: could write up more gold notes than they actually had gold,
Speaker 3: and so they could buy up stuff with inflated currency
Speaker 3: because they had the power of controlling the printing of
Speaker 3: the currency, the creation of the currency. Now, how do
Speaker 3: we get out of this problem. We need some way
Speaker 3: that there's not a centralized entity controlling the issue the
Speaker 3: issuance of currency, isn't it one of the Ralph Charles
Speaker 3: that's reported to have said, I don't care who the
Speaker 3: elected officials are. If I print the currency, I run
Speaker 3: the country exactly. So how do we get out of
Speaker 3: this conundrum? Well, we need something that is not centralized.
Speaker 3: That's a challenge that could never have happened until we
Speaker 3: have decentralized computer networks. So the first thing that every
Speaker 3: idiot thinks when they hear this stuff is, well, the
Speaker 3: computers are going to control the currency. And so that's
Speaker 3: why I bitcoins bad is because it's all on the computer,
Speaker 3: and the computer that will control it. It's a decentralized
Speaker 3: thousands and thousands of no ten thousand plus maybe more
Speaker 3: nodes across the world that decentralize the bitcoin network. So
Speaker 3: it's decentralized. It's not run by a CEO or a
Speaker 3: banker or a government.
Speaker 7: Most investments don't outperform it.
Speaker 6: You know that the S and P.
Speaker 7: Five hundred is to a certain degree the cost to capital.
Speaker 3: And the point here is that if you're looking for ways,
Speaker 3: and this is what rich people do. Wealthy people who
Speaker 3: understand this point look for ways to store their money
Speaker 3: so that it doesn't lose value over time. Thus, wealthy
Speaker 3: people buy things like yachts and houses and property and rolexes.
Speaker 3: It's not just for glam like poor people think or
Speaker 3: for swag. They're investments because money loses value. That's why
Speaker 3: they do that. Or you find ways to invest the SMP,
Speaker 3: You try to invest in mutual funds. You try to
Speaker 3: invest in all this different stuff to hedge against deep inflation,
Speaker 3: which is devaluing your money over ten, twenty, thirty, forty years.
Speaker 3: Why does that matter? Well, do you want to leave
Speaker 3: things to your children. If you store up a bunch
Speaker 3: of dollars and you give that to your children in
Speaker 3: sixty years, your dollar is gonna be worth probably five
Speaker 3: times less than it was the sixty years earlier. When
Speaker 3: you started saving. I was watching some dude, like a
Speaker 3: like a buff fitness dude, guy Hormosi, I think it
Speaker 3: is his name, and I mean it was an interesting channel.
Speaker 3: Not dissing the guy, but he was explaining how to
Speaker 3: make all this money in forty years by the S
Speaker 3: and P and all these mutual funds. And I'm like,
Speaker 3: so I'm gonna wait like forty years to get a
Speaker 3: return which was a good return, but like the returns
Speaker 3: would be like ten times or one hundred times greater
Speaker 3: in bitcoin. It doesn't make any sense. Why well, the
Speaker 3: big Boomer method And Sailor is pointing out that the
Speaker 3: Boomer methods of how people thought in terms of stonks
Speaker 3: to get your money back over time doesn't make sense
Speaker 3: anymore because there's a superior asset. It's that simple. There's
Speaker 3: a superior asset not only for the story value but
Speaker 3: also returns.
Speaker 11: This safer investment and asset classes underperform, and even though
Speaker 11: you're getting wealthier nominal.
Speaker 7: Terms and real terms, you're really not.
Speaker 11: And if you're a company executive and your company isn't
Speaker 11: growing organically fifteen percent a year or more, institutional investors
Speaker 11: tend to lose interest in you.
Speaker 3: This is why you can't beat the system in the
Speaker 3: existing system. That's the point of what he's setting up here.
Speaker 3: So I'll try to move ahead after because a lot
Speaker 3: of it's well, no business sold. What he's talking about
Speaker 3: applies to you too, though you're not a business owner,
Speaker 3: and maybe one day you will be a business owner,
Speaker 3: then you will you have to think about investing. So
Speaker 3: stop being low tier and low quality people. We want
Speaker 3: high quality people.
Speaker 7: This is why.
Speaker 11: The winners in the twenty first century, they're all digital monopolies.
Speaker 11: If you have an investment portfolio and it doesn't include
Speaker 11: Apple and Amazon or Facebook or Google or in videobo.
Speaker 3: Here he's saying that if you wanted to invest or,
Speaker 3: if you wanted to start a company, you're already at
Speaker 3: a disadvantage because if you're a tech company, how are
Speaker 3: you going to beat the existing monopolies, or if you're
Speaker 3: a zombie company, like he says micro Strategy was, which
Speaker 3: was just kind of sitting there at a base stock
Speaker 3: price that I don't know, it was it fifteen dollars
Speaker 3: forever and whatever, and micro Strategy was not crashing, but
Speaker 3: it wasn't going anywhere, so it was just kind of
Speaker 3: sitting there. His point was that you can't compete with
Speaker 3: Microsoft and Google and Apple, So what are you going
Speaker 3: to do? You got to find another way to take
Speaker 3: your capital and put it into something that becomes the
Speaker 3: engine of the company, even if it's not what your
Speaker 3: company previously did or was all about. And other corporations
Speaker 3: are starting to figure this out that they can do
Speaker 3: a Bitcoin standard for the company that becomes a new
Speaker 3: engine for a zombie corporation. By extension, he's telling you
Speaker 3: that your present day company can't beat the monopolies and
Speaker 3: can't beat inflation.
Speaker 7: Well, you're probably not winning.
Speaker 11: It's very hard to see how you could be a
Speaker 11: successful investor without some exposure to those companies. And if
Speaker 11: you look at the rest of the SMP normally the
Speaker 11: S and P is the five hundred greatest companies in
Speaker 11: the United States, four hundred and ninety three of them
Speaker 11: are fairly boring.
Speaker 7: How do you.
Speaker 11: Actually compete against the digital monopoly When someone has I
Speaker 11: think face book has two billion users a day, or
Speaker 11: you have a billion customers, and when you can ship
Speaker 11: a product to a billion people overnight with a punch
Speaker 11: of a button, that's an enormous advantage. So all of
Speaker 11: us we're struggling with this issue. How do you how
Speaker 11: are you going to be a winner when you're not
Speaker 11: one of the seven winners. The technology challenge is very
Speaker 11: intertwined with this, which is you can't win if you
Speaker 11: miss the next technology wave. You know, there was personal computing,
Speaker 11: and there was the Internet, and there is mobile computing,
Speaker 11: and now there's artificial intelligence.
Speaker 6: And I'm here to.
Speaker 7: Say that I think everybody in the.
Speaker 11: World understands artificial intelligence is the next technology wave, but
Speaker 11: I think very very few people, not so many, really
Speaker 11: appreciate there's another technology way taking place, and it's a
Speaker 11: digital transformation of capital.
Speaker 7: It's digital capital. It's happening right in front of people's faces.
Speaker 3: Now here's getting into the revolutions that we've seen tech
Speaker 3: wise in the past twenty thirty years. The personal computer itself,
Speaker 3: graphic user interface instead of doss, Internet, mobile computing, cloud AI.
Speaker 3: And then the next is the digitization of money, which
Speaker 3: only makes sense because everything else has been digitized. Music,
Speaker 3: your photos, your social interaction, social media. We're not here
Speaker 3: to talk about the good and the bad, and we
Speaker 3: know there's a lot of bad to those things. We're
Speaker 3: looking at the facts, the objective facts on the ground
Speaker 3: set aside your hyper moralism and how you want it
Speaker 3: signified everybody that you're better than everybody, and how you're
Speaker 3: so pathetic that you have to get on the internet
Speaker 3: to pretend that you're superior to people. That's lame. We're
Speaker 3: gonna get out of that mindset. Okay, We're gonna focus
Speaker 3: on the facts, the objective analysis. That's the only way
Speaker 3: that you get ahead in life is to do it
Speaker 3: that way. Trust me. So what's the next revolution? It
Speaker 3: is most likely it looks to be the digitization.
Speaker 7: Of capital because it's unexpected.
Speaker 3: You have to understand how big this is. This is
Speaker 3: not just another dot com bubble, another type of Amazon.
Speaker 3: This is a totally new way to do money. It's
Speaker 3: an ethical, hard asset solution to the problems of the
Speaker 3: past way to do money. It's the only way it
Speaker 3: could happen is if there had been the computer revolution first,
Speaker 3: because you cannot have a decentralized, objective, math based system
Speaker 3: outside of the reach of governments and banks, outside of
Speaker 3: the internet coming first. That's why it was so genius
Speaker 3: what they created. Whoever created it, and it's better that
Speaker 3: we don't know who created it. Money needs to be divisible, portable, durable, recognizable, scarce.
Speaker 3: And so how would you translate that into digitization. Well,
Speaker 3: bitcoin is that it is deflationary. It is the ultimate
Speaker 3: store of value and energy over time. It is a
Speaker 3: closed system with a public ledger, so they can't be manipulated,
Speaker 3: can be cheated. It's not been hacked. It's decentralizing global,
Speaker 3: it's not under the purview or control of one government
Speaker 3: or one entity or one CEO. You have a cap
Speaker 3: at twenty one million bitcoins. Ever, so there will not
Speaker 3: be infinite bitcoins. And it is really the opposite of
Speaker 3: the debt based, fiat usery based system that we have
Speaker 3: seen for millennia. You understand that debasing the the currency
Speaker 3: is an ancient thing. Babylon Rome, they debase their currencies.
Speaker 3: They would take the gold in their coins or the
Speaker 3: silver in their coins, and they would start adding other
Speaker 3: metals to devalue it. That was a their form of inflation.
Speaker 11: Hodd On a shift, and it's an inversion of everyone's
Speaker 11: world view. They tend to dismiss it as something random, unlikely, unlucky, scary,
Speaker 11: And I'm going to talk about bitcoin, and so bitcoin's
Speaker 11: the solution to the problem it's a solution to the
Speaker 11: economic problem. How do you win when there's only seven
Speaker 11: companies that can win? And it's a solution to the
Speaker 11: technology question. How do you get on the next technology
Speaker 11: wave and how do you exploit it to the benefit
Speaker 11: of your investors, your family, your company, your customers. Now,
Speaker 11: how do I know coin is the next wave? Why
Speaker 11: should you think it's the next wave? Well, here's a chart.
Speaker 3: One point. Here we have a super chat from our
Speaker 3: buddy Skumabert twenty five bucks, Thank you so much. Are
Speaker 3: there any good books that refute the idea that the
Speaker 3: Gnostic Egyptian mystery religions or traditions are the case. My
Speaker 3: friend is very deep into it, and I want to
Speaker 3: know how to combat it. So I did a video
Speaker 3: some years back critiquing gnosticism. I also did a video
Speaker 3: from Ierinaeus. If you look up against Heresies Ireneus Gnosticism,
Speaker 3: that video will come up. So you could read Against Heresies,
Speaker 3: but that's a really long book. You might want to
Speaker 3: start in book three and four for the reputation of
Speaker 3: the Gnostic systems in general. I did another talk on
Speaker 3: Genesis refuting the Gnostic systems. I have two debates with Gnostics,
Speaker 3: one with a Scott Smith, so he presented a kind
Speaker 3: of a Gnostic position, and most of the time Gnostic
Speaker 3: mystery religions, they devolve into relativism. So if you just
Speaker 3: get good enough and kind of basic philosophy in terms
Speaker 3: of refuting the self, the self pointing out the self
Speaker 3: refuting nature of relativism, that's a pretty good reputation of
Speaker 3: most Gnostic types of systems. But those are the things
Speaker 3: that come to mind. I don't know I've taught me
Speaker 3: how to a specific book refuting gnosticism. Uh, there are,
Speaker 3: by the way, videos from Inspiring Philosophy. Obviously, he and
Speaker 3: I we have some disagreements, we're on friendly terms. But
Speaker 3: he did do some good videos refuting some of these
Speaker 3: ideas of like Zeitgeist type stuff that Jesus is Horus,
Speaker 3: or that there's all of these you know, trinities and
Speaker 3: the pagan religions and that Jesus is just one of many.
Speaker 3: That's all just a bunch of nonsense. So you could
Speaker 3: look up, you know, is yahweh the Canaanite pantheon d
Speaker 3: That's all just nonsense. So check out some of his
Speaker 3: videos on the topic of the.
Speaker 7: Top ten largest assets in the world right now.
Speaker 11: And so if you look at the ten, bitcoin's number seven,
Speaker 11: it is the seventh largest asset in the world, goals
Speaker 11: number one. Then you've got these magnificent seven companies in video, Apple, Microsoft, Amazon, Alphabet, Meta,
Speaker 11: and you've got Saudia Ramco and you got a little
Speaker 11: bit of silver. But of them, the fastest growing of
Speaker 11: these is Bitcoin. Bitcoin is growing three times faster than Microsoft.
Speaker 11: Why is it?
Speaker 7: Why is it the next wave? Well, it's not just
Speaker 7: the fastest growing asset in the one.
Speaker 3: And by the way, it just flips silver during this
Speaker 3: bull cycle. So why does that matter? Well, guess what's
Speaker 3: next gold? Right Well, it'll never flip silver when it's
Speaker 3: one hundred thousand flips over. Okay, so the next flipping
Speaker 3: will be gold, and it will flip gold. Watch it
Speaker 3: will has to want because we're not going back to
Speaker 3: sailing around in galleons and handing over giant chests of treasure,
Speaker 3: loot and booty like we're fricking pirates.
Speaker 4: Okay, you must be believe and in bit Clayton you're in.
Speaker 3: Ok We're not going to the black pearl dog. We're
Speaker 3: not going to jack sparrows or We're not going to
Speaker 3: Davy Jones locker dog. We're going into the future.
Speaker 11: It's the most popular asset in the world. It's literally
Speaker 11: the most popular asset in the world. Everyone wants to
Speaker 11: talk about it. It's the most interesting. It's the most
Speaker 11: digital asset in the world. Right, you can't digitally transform.
Speaker 11: You can't move these other assets at the speed of
Speaker 11: light a million times a second between eight billion computers
Speaker 11: the way you can with bitcoin.
Speaker 3: So let's think about this in terms of the modern world.
Speaker 3: I need to do or some country, some company needs
Speaker 3: to do a huge purchase, a huge move, a huge sale,
Speaker 3: tens of millions of dollars, a billion dollars. Are we
Speaker 3: gonna do that with gold and gold? How are we
Speaker 3: gonna move a billion dollars of gold? No, we're not
Speaker 3: gonna go back to the sixteen hundreds, goofballs. I don't
Speaker 3: understand why it's just such a boomer mindset. You're gonna
Speaker 3: use digital transfers on a public ledger, which is what
Speaker 3: the purpose of this is. It's just obvious, and that's
Speaker 3: contra Peter Schiff and all these people that act like
Speaker 3: we're not gonna be using this amazing technology for instantaneous
Speaker 3: transfers of wealth. Obviously we would. It's like light speed,
Speaker 3: better than trying to transfer a bunch of and by
Speaker 3: the way, if when in terms of gold, you're going
Speaker 3: to be using a bunch of gold notes again, which
Speaker 3: again has susceptible to all the problems of the previous
Speaker 3: fiat currency. We already had gold standard. It worked well,
Speaker 3: except that that has a lot of flaws, a lot
Speaker 3: of problems. It's better than the fiat, but it's still
Speaker 3: wrought with fraught, with all the same problems tungsten. It
Speaker 3: can be stolen. You're putting it. We're back to third party,
Speaker 3: fourth party trust to ensure it, to guard it as
Speaker 3: you sail your galleons to deliver the billion dollars of
Speaker 3: Spanish balloons. It's just so obviously not the future to
Speaker 3: think that we're going to go back to the sixteen hundreds.
Speaker 3: How do people not see this? It's obvious.
Speaker 7: It's the most useful asset in the world. If you
Speaker 7: need a billion dollars in.
Speaker 11: Five minutes Saturday afternoon, this is the only asset you
Speaker 11: can liquid eight right.
Speaker 3: It is no Michael, We're going to have the black pearl,
Speaker 3: send giant chests with uh, you know, Davy with Davy
Speaker 3: Jones and what's it what's his name? Captain Barbosa, right,
Speaker 3: and the Black Pearl are going to deliver, and they're
Speaker 3: going to look over as third party trust, you know,
Speaker 3: candidates to ensure that the billion dollars of the balloons
Speaker 3: actually make it across the ocean. And this is so silly.
Speaker 7: Every company on Earth, every person on Earth. It is global.
Speaker 11: You know, these other things aren't global assets, with the
Speaker 11: exception of gold. So in essence, bitcoin is the digital gold.
Speaker 11: But but you know, you can't beam gold between eight
Speaker 11: billion iPhones and goals of five thousand year old idea
Speaker 11: and bitcoin is that idea reinvented for the twenty first century.
Speaker 11: And now I'm going to give you a set of
Speaker 11: suggestions or a set of indicators as to why maybe
Speaker 11: this is something big.
Speaker 7: Why it's not just random.
Speaker 11: This is bitcoin versus that asset allocation chart.
Speaker 7: And you can see that.
Speaker 11: It looks hard to find a solution when you don't
Speaker 11: include bitcoin, and when you put bitcoin on the chart,
Speaker 11: it renders every other solution irrelevant. It's like it's pretty
Speaker 11: clear there's one thing that's interesting and everything else is
Speaker 11: just more of the same. Bitcoin punches a hole into
Speaker 11: the chart sixty percent over the past four years, and
Speaker 11: if we zoom into that a little bit closer, this
Speaker 11: is asset performance. Since micro Strategy adopted the Bitcoin standard,
Speaker 11: the s and p's returning thirteen percent a year, real estate,
Speaker 11: ten percent a year, goal, seven percent a year, bonds
Speaker 11: or minus five percent a year.
Speaker 3: This is why people who study this and are into
Speaker 3: bitcoin point out that it is the superior asset and
Speaker 3: store of value that will begin to eat all the
Speaker 3: other stores of value When people figure out that you'd
Speaker 3: rather have the twenty thousand dollars in bitcoin than in
Speaker 3: a rolex because in ten years the bitcoin will pay
Speaker 3: you out a much better return and much better, I
Speaker 3: mean way better than a dang rolex. Okay, so a
Speaker 3: rolex might go up a few thousand dollars five maybe
Speaker 3: over ten years or something. And what does bitcoin do
Speaker 3: over ten years? Well it has so far, I mean,
Speaker 3: the average return is sixty percent a year and you
Speaker 3: basically get a ten x every five years. So why
Speaker 3: would I put twenty thousand dollars into a dang rolex
Speaker 3: when I'm going to get a sixty percent return on average?
Speaker 3: Versus a five or ten percent return, just like real
Speaker 3: estate small returns. Here's the chart telling you the returns.
Speaker 3: So you want to learn about money. You want you
Speaker 3: want to get out of the poorhouse. We are learning
Speaker 3: tonight how to do this. We're gonna have to understand
Speaker 3: how this stuff works. Every year, on average, since its inception,
Speaker 3: it's creation, Bitcoin has returned sixty percent. The next best
Speaker 3: level of return is the Magnificent seven stocks, the Apples,
Speaker 3: and the Googles twenty nine percent, so double if you'd
Speaker 3: have bitcoin. Think of all the boomers, all the goofballs
Speaker 3: that have, however, many trillions of dollars into the Magnificent seven,
Speaker 3: and they could have had double that if they had
Speaker 3: had their money in bitcoin.
Speaker 7: Uh.
Speaker 3: The S and P five hundred has given you thirteen percent.
Speaker 3: And that's what that multi super million dollar dude Hormosi
Speaker 3: was telling you. To wait for fifty years, putting one
Speaker 3: hundred dollars a week into the S and P five hundred,
Speaker 3: and then by the time you're seventy and you're about
Speaker 3: to die on your ventilator and your smoke, your your
Speaker 3: oxygen tank, you'll have millions of dollars. Okay, well, now
Speaker 3: I don't want to wait until I'm carrying my oxygen
Speaker 3: tank into the you know, old folks home to have
Speaker 3: fifty million dollars. We'll have fifty million dollars from bitcoin
Speaker 3: in ten to fifteen years. Okay, that's how that's how
Speaker 3: you do it, not fifty years in ten years. What
Speaker 3: a gold return the boomers? Seven percent? Oh wow, good job?
Speaker 3: Seven percent in four years? Excuse me, seven percent a year.
Speaker 3: Analyzing the last four years, I should say, so, going
Speaker 3: back to twenty twenty, what did gold give you? Seven percent?
Speaker 5: Wow?
Speaker 3: Thank you, Peter Schiff. Seven percent.
Speaker 11: As you can see the cost of coupital, the hurdle
Speaker 11: rate there is thirteen. The only thing that's beating it
Speaker 11: that's conventional is the Magnificent seven, which is a bit
Speaker 11: more than doubling it. And then Bitcoin is doubling the
Speaker 11: magnificent seven. So one of these things is really an
Speaker 11: overwhelming winner. Bitcoin more than four times conventional performance. Let's
Speaker 11: look out over fourteen years. It's the winner in eleven
Speaker 11: of fourteen years. So it's not just it's up over
Speaker 11: the last four years. It's up more over ten years,
Speaker 11: eight years, twelve years. Here's another slice you can look
Speaker 11: at everything in the world trying to find something which
Speaker 11: is more compelling. But bitcoin is showing an annualized performance
Speaker 11: one hundred and forty seven from twenty eleven. But again,
Speaker 11: you know, after bitcoin, you just fall to like your
Speaker 11: best growth stock idea. And it's not just the best
Speaker 11: performing asset, it's the best performing uncorrelated asset. It's got
Speaker 11: the highest sharp ratio, it's also got the lowest correlation.
Speaker 7: These are these are fidelity numbers.
Speaker 11: So the entire world is looking for an investment idea
Speaker 11: that's uncorrelated to risk assets. You know, we have entire conferences,
Speaker 11: alternative investment conferences, and we talk about should it be
Speaker 11: real estates, should it be natural gas rights, should it
Speaker 11: be intellectual property?
Speaker 7: Well, bitcoin is.
Speaker 11: The global fungible liquid alternative asset, and you don't.
Speaker 3: Have We got super chat from to Shuba two bucks.
Speaker 3: Young guys should join the trades like being electrician. Yeah,
Speaker 3: I would say probably that's a much better route, especially
Speaker 3: than you know, I want to go to I want
Speaker 3: to go to college and study philosophy. And the humanity
Speaker 3: is don't waste your time. You're gonna get a much
Speaker 3: of woke purple hair brainwashing nonsense. I would never go
Speaker 3: back to my Leaving grad school was the smartest thing
Speaker 3: I ever did. Okay, we wouldn't be where we are
Speaker 3: with what we have. I'm not gonna say what we
Speaker 3: have had I not left idiot grad school and it
Speaker 3: was the greatest. I was scared. It was a scary decision,
Speaker 3: and I thought, you know what, I might as well
Speaker 3: try to do my own thing, write my own books,
Speaker 3: start my own business, buy my own investments, real estate,
Speaker 3: et cetera. And we did and it worked. But had
Speaker 3: I had the mindset of I'm gonna go to college
Speaker 3: and I'm gonna get my just giving up all that
Speaker 3: idiot nonsense of the pride and intellectual not almanna be
Speaker 3: a professor, and I'm going to and what you're gonna
Speaker 3: affect what fifty students a year when we reach on
Speaker 3: this channel alone, millions of people a year now. So
Speaker 3: Tshuva is probably right that the trades are probably a
Speaker 3: much better route for young dudes than people who think, oh,
Speaker 3: I don't want to do that, I want to be
Speaker 3: able to be a professor. They don't want you, especially
Speaker 3: if you're a white dude and you're straight, especially if
Speaker 3: you're a Christian They don't want you teaching and them
Speaker 3: you're not going to be welcome there. They're going to
Speaker 3: do everything to try to get rid of you. Saronis
Speaker 3: says you should rush to find a trade now. A
Speaker 3: lot of people are seeking trades because they're realizing that
Speaker 3: their stupid degrees don't get them anything. Exactly, and I
Speaker 3: realize that in twenty eleven and exactly based cothr or
Speaker 3: five bucks, you don't need to go to college to
Speaker 3: think critically, Yeah, exactly. I mean I don't know what
Speaker 3: college is like now, and I mean some people might
Speaker 3: be in a situation where it's good for them to
Speaker 3: do it right. There might be people who would benefit
Speaker 3: from engineering in college, or you know, maybe they have
Speaker 3: a scholarships and everything's paid for. Yeah, in those cases,
Speaker 3: that's fine. But to go into these things and view
Speaker 3: it like, oh, you know, I'm going to be a
Speaker 3: professor and I'm going to go to the humanity is
Speaker 3: that's like the worst idea. Fugazi one dollar Andrew Wilson
Speaker 3: wants to debate you on bitcoin. Let's do it, dude.
Speaker 3: That'd be a fun debate. I didn't know he had
Speaker 3: an anti bitcoin position, but yeah, I'm happy to debate
Speaker 3: anybody on the positions, and I can debate people that
Speaker 3: are on our side or that we have good relationships with.
Speaker 3: In fact, I asked Chase Guy to do a debate
Speaker 3: on bitcoin the other day and he was like, no,
Speaker 3: I'd rather not do a debate. You know, that's just
Speaker 3: just my position. And then people in the comments were like, oh, fight,
Speaker 3: fight fight. I can have a disagreement with people that
Speaker 3: I largely disagree with, and it's fine. We don't have
Speaker 3: to like, you know, break Park Company or something glitchy
Speaker 3: Rhythm five dollars, Thank you, Papa J cigarette smoke, Thank you.
Speaker 3: John Bart joins becomes a member. Shout out to John Bart.
Speaker 3: All right, let's get back to this.
Speaker 11: I have to believe me or like, you don't have
Speaker 11: to juststand the fundamentals, even if you don't want to
Speaker 11: spend a thousand hours studying it. You can just look
Speaker 11: at the chart published by Fidelity. It gives you the
Speaker 11: same answer.
Speaker 7: Black Rock. And now they launched a bitcoin ETF a
Speaker 7: year ago. Uh that ETF.
Speaker 11: Leaped above one thousand, one hundred ETFs that they sell
Speaker 11: to be number thirteen in twelve months. So that just
Speaker 11: shows you how fast it's moving, you know, blowing past
Speaker 11: one thousand other ETFs.
Speaker 7: But it's more than that.
Speaker 11: That ETF is the most successful ETF launch in the
Speaker 11: history of ETFs.
Speaker 7: And I would say if you look at Wall Street
Speaker 7: over forty.
Speaker 11: Years, the last big innovation in Wall Street was the ETF.
Speaker 11: The idea that you could buy spy or you could
Speaker 11: buy a portfolio of QQQ or a diversified portfolio of assets.
Speaker 11: That was the big idea, big enough to attract trillions
Speaker 11: of dollars of capital and the most successful example of
Speaker 11: that big.
Speaker 3: So the reason this matters for people that are not familiar.
Speaker 3: We had the pass in back what January last year
Speaker 3: of the bitcoin ETFs, which were or whenever it was.
Speaker 3: That meant that there's now corporate institutional acceptance of bitcoin,
Speaker 3: and that was huge because now it's rising to a
Speaker 3: new level of mass acceptance and adoption that it previously
Speaker 3: didn't have because it was seen as online gambling and
Speaker 3: the currency of drug dealers or whatever. With the acceptance
Speaker 3: of an ETF, you have a new level of acceptance
Speaker 3: of corporations and now boomers can have access to this
Speaker 3: very difficult, complicated cryptocurrencies type stuff where they don't have
Speaker 3: to have direct custody. Now I would not do this,
Speaker 3: but boomers do not want to fool with learning about
Speaker 3: this and self custody. So it's still a bullish thing,
Speaker 3: even though it's kind of not really the spirit of
Speaker 3: bitcoin in terms of bypassing the banks third party try
Speaker 3: because if you buy ETFs or if you buy you know,
Speaker 3: bitcoin through fidelity or whatever, you're still engaging in third
Speaker 3: party trust that they're going to perform and hold the
Speaker 3: bitcoin correctly and that they're going to do everything right.
Speaker 3: They're not going to dump it. The purpose of bitcoin
Speaker 3: is actually to get rid of banks and third party
Speaker 3: counter risk. So it's not in keeping with the spirit
Speaker 3: of bitcoin, but it is still bullish, and it is
Speaker 3: still a level of institutional acceptance for bitcoin that had
Speaker 3: previously not been seen. And so that's why he's pointing
Speaker 3: out the importance of these and then it really gives
Speaker 3: new attitude to something that even even a lot of
Speaker 3: people in the corporate world or the government world were
Speaker 3: still very skeptical about. That's why it's such a huge deal.
Speaker 3: That's part of the reason why bitcoin has surpassed on
Speaker 3: hundred thousand dollars it's not the only reason, it's just
Speaker 3: part of the reason.
Speaker 7: The idea is I bit right, which has just been
Speaker 7: a screaming home run.
Speaker 3: Placing your first option straight, You've come to the right
Speaker 3: place with real time insights from.
Speaker 11: Not only is it run past nearly all of the
Speaker 11: blackrock ETFs and all the other atfs, it's actually outstripped
Speaker 11: Blackrocks Gold Fund, which is around forever IAU and it
Speaker 11: did it in twelve months. Right, digital gold is better
Speaker 11: than gold, just like digital photos are better than physical photos,
Speaker 11: and digital videos are better than your you know, than
Speaker 11: your VHS cassettes. Right, it's not a complicated idea. I
Speaker 11: digitally transformed something.
Speaker 7: It's a million times.
Speaker 3: And now better. There he's talking about in terms of
Speaker 3: efficiency and ease and simplicity, not onto logically metaphysically better,
Speaker 3: because I believe in physical things. We're not gnostics leaving
Speaker 3: the incarnation. And I mean, there's nothing about this system
Speaker 3: that necessitates that you never have the physical items. For example,
Speaker 3: when people who are big gold bulls are constantly telling
Speaker 3: me that oh, goal's superiora We'll go Google. Uh, well,
Speaker 3: if you want more gold, then logically you should have
Speaker 3: more bitcoin because in ten years, you'll be able to
Speaker 3: buy all the gold you want from putting all of
Speaker 3: your stash into bitcoin. In my opinion, that's my analysis.
Speaker 3: So there's a life, there's a gold hack for you.
Speaker 3: If you want to get more gold, gold all over
Speaker 3: my chain, go to lover my watch. Don't believe me,
Speaker 3: just watch. It makes sense to have had bitcoin for
Speaker 3: the next ten years.
Speaker 9: Mine.
Speaker 11: It's smarter, a million times faster, a million times more ubiquitous,
Speaker 11: a million times you know, lighter than the thing that
Speaker 11: it replaced. In twenty twenty four ten in the top
Speaker 11: twenty ETFs launch, we're all based on bitcoin, right, So
Speaker 11: everybody's cool ideas, right, it's based on.
Speaker 7: Bitcoin or some derivative of bitcoin.
Speaker 11: Those spot bitcoin ETFs, they are their compliance gateways or rappers.
Speaker 11: If I want to buy bitcoin, then I have to
Speaker 11: solve the compliance problem, the compatibility problem, the convenience problem.
Speaker 11: And in January of twenty twenty four the first ETFs
Speaker 11: got approved in the US to do this. This is
Speaker 11: the list of them. In that twelve months, they siphoned
Speaker 11: up one hundred and nine billion dollars of AUM. So
Speaker 11: it gives you a sense of just how fast they moved.
Speaker 11: They were a solution to a problem, right, But it's
Speaker 11: not just a US phenomena. ETFs that are backing bitcoin
Speaker 11: or back by bitcoin are popping up every country in
Speaker 11: the world, and so you can see they're in Canada,
Speaker 11: they're in Swen.
Speaker 3: Now this is important because not only do the ETF
Speaker 3: signify institutional acceptance. Now that the Trump administration sends the
Speaker 3: Bitcoin conference which we were at where we heard Trump speak,
Speaker 3: he wants, along with Senator loomis the future Strategic Bitcoin Reserve,
Speaker 3: which if that passes, it may not, We don't know.
Speaker 3: Bitcoin's future is not ultimately dependent upon that. But if
Speaker 3: that does pass, and if they do over the next
Speaker 3: five years purchase a million bitcoin, that will send bitcoin
Speaker 3: to the moon. And the reason why it's not just
Speaker 3: US purchase, it's also the fact that that will be
Speaker 3: also a supply shock, and the supply shock due to
Speaker 3: supply and demand would send the price even higher than
Speaker 3: drumpt of because it's not just America, it's also the
Speaker 3: other nation states. Nobody would want to be last when
Speaker 3: that occurs, so everybody will be wanting to front run
Speaker 3: the other countries. You see, So it's not just a
Speaker 3: matter of the ETFs. And it's not just a matter
Speaker 3: of the other countries. It's also the supply shock that
Speaker 3: there's not that much bitcoin to go around. That means
Speaker 3: the demand rises the price even more. You see. So
Speaker 3: let's move past the gold stuff here and let's get
Speaker 3: over into somethings.
Speaker 7: Around the world.
Speaker 11: Wealthy families, they're always looking for how to diversify their assets.
Speaker 7: It's like I own a bunch of real estate or diversified.
Speaker 3: So you understand, like the rich people in the world
Speaker 3: are doing this, and you've had the opportunity to front
Speaker 3: run the fortune one hundred, fortune five hundred and the billionaires,
Speaker 3: and now they're figuring this out. You could have front
Speaker 3: run all these people. And even when they all convert
Speaker 3: to wanting this as they are right now, goofballs. There's
Speaker 3: not enough to go around. There's very little bitcoin two
Speaker 3: go around. And so the more this catches on, the
Speaker 3: more people figure this out, the more there's going to
Speaker 3: be a rush to get bitcoin. Now that might not
Speaker 3: happen in this year we're talking about. Sailor's estimation is
Speaker 3: what do you say, thirteen million dollar bitcoin in ten years,
Speaker 3: thirteen years, fifteen years, something like that, which that alone
Speaker 3: is phenomenal. It might be more, but via his estimation, right,
Speaker 3: so that would be a what is that one hundred
Speaker 3: acts from where we are roughly in thirteen years, which
Speaker 3: actually makes sense because already every fourty five years bitcoin
Speaker 3: does a ten x or I want them.
Speaker 11: All other alternative assets, Well, there's sixty global billionaires that
Speaker 11: we know publicly are invested in bitcoin.
Speaker 7: I give you a short list.
Speaker 11: But the more important point is bitcoin is the fastest
Speaker 11: growing alternative investment for high net what high net worth
Speaker 11: individuals in the world.
Speaker 7: And it's a.
Speaker 11: It's a it's a very straightforward, powerful idea. You know,
Speaker 11: I'm going to buy a buildings. That's buying property to
Speaker 11: diversify myself and get away from risk exposure. That's great,
Speaker 11: but buildings are liquid and they're not fungible. What if
Speaker 11: I could buy a digital building, and I could buy it.
Speaker 12: Two hundred dollars at a time, or two hundred million
Speaker 12: dollars at a time, or two billion dollars at a time,
Speaker 12: and what if it offered the same economic property rights,
Speaker 12: if it offered the same characteristics whether you bought two
Speaker 12: hundred dollars or two hundred million dollars of it.
Speaker 7: That's a powerful idea.
Speaker 3: Demetrios Claudo's welcome to members. Remember, guys can go over
Speaker 3: to the members tab to get access to the members talks.
Speaker 3: Emperor Shiv two seventy nine. Jay, I'm doing my thesis
Speaker 3: on the Yakub apparitions. Now that's a man who knows
Speaker 3: how to do theology.
Speaker 11: It's a fungible idea, it's a global idea. It's an
Speaker 11: idea people can remember, right. And it's not likely that
Speaker 11: you can buy the same physical assets that Elon Mosk
Speaker 11: and Mark Zuckerberg own, but you can buy the same
Speaker 11: bitcoin they own, and you've got the same rights parapasu
Speaker 11: to them. There's seven seventy public companies that are capitalizing
Speaker 11: on bitcoin right now. You're starting to see this explode.
Speaker 11: Companies like some Larns, Companies like Mara and Riot and Color,
Speaker 11: you know, all of them are realizing that if they
Speaker 11: recapitalize on bitcoin, they go from investing in a bond
Speaker 11: that loses ten percent of its value a year to
Speaker 11: a bitcoin that gains forty percent more.
Speaker 1: Value a year.
Speaker 11: It's simply flipping of a light switch. This is a
Speaker 11: virtuous economic dynamic. It's spreading virally. You see seventy companies,
Speaker 11: then it'll be seven hundred, then it'll be seven thousand,
Speaker 11: then'll be seventy thousand.
Speaker 7: There's four hundred million companies in the world. Who doesn't
Speaker 7: want money?
Speaker 3: Again, do you people not see that this is the
Speaker 3: logical trajectory here of the goverment's going to shoot it down.
Speaker 3: Don't give me the food from ten years ago. When
Speaker 3: there's now seventy public companies running on bitcoin.
Speaker 11: Those bitcoin ETFs are outperforming all the commodity ETFs. So
Speaker 11: I show you every commodity ETF. What you see is
Speaker 11: Bitcoin's crushing everything. Gold is second best. The rest are
Speaker 11: just trading vehicles.
Speaker 10: Here's the one thing I trust AI to do more
Speaker 10: than you and ironically.
Speaker 3: So I'm going to move ahead spend. There's a ton
Speaker 3: of slides, So I'm going to move ahead to some
Speaker 3: of the slides that are not as interesting and relevant
Speaker 3: that we kind of get the point here. So if
Speaker 3: you wanted to put your move your money in other places, uh,
Speaker 3: none of them have outperformed bitcoin.
Speaker 7: It's a it's another form of technology. It is it
Speaker 7: is economic technology. I think of it as digital energy.
Speaker 3: But and this is why I often refer to the
Speaker 3: energy metaphysics side of it as well. Sailor being an engineer,
Speaker 3: he's very attuned to the physics and the engineering aspects
Speaker 3: of it. Myself, being a philosopher, I'm very attuned to
Speaker 3: the metaph physics aspects of this. Again, what makes money
Speaker 3: money is to visible, portable, durable, recognizable, scarce and scarcity
Speaker 3: is of course its the most important feature. And that's
Speaker 3: why bitcoin is the scarcest asset, the hardest asset, given
Speaker 3: that there's only twenty one million bitcoin that will ever exist.
Speaker 7: You know, if you started with this trope and you said,
Speaker 7: what did Satoshi do?
Speaker 11: Satoshi discovered a method to transfer value without a trusted intermediary,
Speaker 11: and people oftentimes repeat that, But.
Speaker 3: That's that's the energy transfer, the value transfer that I
Speaker 3: talked about, without counterparty risk, without third party risk. So
Speaker 3: in other words, we're not having to rely on corrupt politicians,
Speaker 3: corrupt bankers, corrupt security state people making sure that the
Speaker 3: money goes where it's supposed to go. You see, it
Speaker 3: can be done without those intermediaries, and that is a huge,
Speaker 3: huge piece of the puzzle to remute remove corruption. Don't
Speaker 3: you understand? Now there's not some group, some guy who
Speaker 3: can just willy nilly decide how much money to print
Speaker 3: to to value the currency.
Speaker 7: Small idea, it's not the big idea.
Speaker 11: Yes, we transfer a billion dollars from point A to
Speaker 11: point B without a bank. The big idea is, in
Speaker 11: order to transfer value without an intermediary, you have to
Speaker 11: store the value without an intermediary. The big idea is
Speaker 11: I put the billion dollars into cyberspace forever money in order.
Speaker 11: The big idea is we launched a payload into orbit.
Speaker 11: When you launch a payload into a ballistic trajectory, it
Speaker 11: comes back to Earth. When you launch it into orbit,
Speaker 11: it orbits forever. Right when you get to escape velocity,
Speaker 11: maybe it's never coming back. So imagine the idea that
Speaker 11: I could put a billion dollars into a bank in
Speaker 11: cyberspace that would stay there, untarnished, not corroding, right, without
Speaker 11: being debased, forever.
Speaker 7: Like forever.
Speaker 11: It's such a powerful idea, right, it's frictionless, it's superconducting.
Speaker 11: The big idea is store value without intermediary. It means
Speaker 11: you transcend banks, you transcend physical laws.
Speaker 8: Right.
Speaker 7: This represents a.
Speaker 11: Digital transformation to capital, from financial and physical assets to
Speaker 11: digital pure digital, Like how much does a book weigh
Speaker 11: if it's the Encyclopedia Britannica. How much does it weigh
Speaker 11: when it's a digital Encyclopedia Britannica. One of them is
Speaker 11: a billion trillion times lighter than the other. It's the
Speaker 11: fundamental phase shift. Now what's that worth? Well, global wealth
Speaker 11: is divided across a bunch of assets. Here's a nine
Speaker 11: hundred trillion dollar wealth chart. People own half those things
Speaker 11: for utility, they own buildings.
Speaker 3: So the reason he's talking about this is the estimated
Speaker 3: global wealth in assets or any other you know things, money, cash, whatever, bonds,
Speaker 3: all those assets, how they're divvied up in terms of
Speaker 3: an estimate globally you have three hundred trillion in bonds,
Speaker 3: one hundred and twenty in money, three hundred and thirty
Speaker 3: trillion in real estate, eighteen trillion in art luxury items
Speaker 3: like cars and collectibles, six trillion. Global asset value including
Speaker 3: equities in gold then being nine hundred trillion. The point
Speaker 3: is that although you will still have these things, as
Speaker 3: bitcoin being the superior store of value comes to be,
Speaker 3: it will eat these things, and so those things will
Speaker 3: no longer be the stores of value. All the store
Speaker 3: of value will shift to bitcoin like a giant black hole,
Speaker 3: as Max Kaiser said, And then these things, maybe not
Speaker 3: money but real estate, equity, art, whatever, they will be
Speaker 3: denominated in bitcoin eventually. Most likely. Now there could be
Speaker 3: some other thing that develops, some other crypto or something
Speaker 3: that people use at a smaller day to day level.
Speaker 3: Who knows a form of tether, a form of I
Speaker 3: don't know. Could be other things. But Bitcoin becomes ultimately
Speaker 3: the global store of value, store of wealth because there's
Speaker 3: nothing else that is superior to it for that purpose.
Speaker 3: Doesn't mean that people don't still want art or collectibles.
Speaker 3: It just means that the shift for value store is
Speaker 3: to bitcoin. And then people have those things as they
Speaker 3: want and trade them and use them and buy them
Speaker 3: as they want. They're still going to be markets, but
Speaker 3: there's nothing that will be superior in terms of store value.
Speaker 3: Obviously then bitcoin. This is why this is So when
Speaker 3: what's this clicks, then you understand it. Then you understand, oh, oh,
Speaker 3: this is why it's going to be ten million dollars
Speaker 3: a coin, et cetera, et cetera.
Speaker 11: Divide it across a bunch of assets. Here's a nine
Speaker 11: hundred trillion dollar wealth chart. People own half those things
Speaker 11: for utility. They own buildings to live in or work in,
Speaker 11: and they own cars to drive, and they own companies
Speaker 11: to operate. But the other half of the assets are
Speaker 11: just held as a long term store capital. You bought
Speaker 11: it because you had money and you needed to put
Speaker 11: the money to work, so you bought the You have
Speaker 11: a land bank, you bought a bunch of land, you
Speaker 11: bought a bunch of commercial real estate, you bought a
Speaker 11: bunch of bonds. Half of everything is just long term capital.
Speaker 11: So if that's what half of everything is, what's the problem. Well,
Speaker 11: the problem is when you put your money, your four
Speaker 11: uner fifty trillion, into that long term comptal investment, you
Speaker 11: get hit with taxes, income tax, you get hit with
Speaker 11: wage controls, price controls, regulations. There's a fire in California,
Speaker 11: there's a hurricane in Florida.
Speaker 7: There's a war in Russia.
Speaker 3: Now the point of this is most of what's listed here,
Speaker 3: for the most part, isn't really It cannot affect bitcoin ultimately.
Speaker 3: Now there might be a regional thing where some government
Speaker 3: tries to say you can't hold bitcoin or whatever, and
Speaker 3: how might they go about that. Well, if you have
Speaker 3: your own private keys memorized. There's not much they can
Speaker 3: do except if you have your bitcoin on an exchange.
Speaker 3: It's conceivably a government could seize an exchange, right say,
Speaker 3: we decree that you know, xyz exchange for the national security,
Speaker 3: we must seize it, you know, kind of a what
Speaker 3: FDR did with gold type of thing. So those things
Speaker 3: are possible, but they're not as likely now that this
Speaker 3: administration is very pro crypto, pro bitcoin. Now that you
Speaker 3: know you have institutional acceptance, corporate acceptance, et cetera, things
Speaker 3: have moved away from a lot of the older fears
Speaker 3: that we had ten fifty, ten eleven years ago for bitcoin,
Speaker 3: all the stuff that all the food that they said
Speaker 3: ten years ago, five years ago, even all the governments
Speaker 3: are gonna ban it, They're gonna come steal all your
Speaker 3: big goin like that. Not a lot of that's not
Speaker 3: possible again because they can't really stop what has already
Speaker 3: grown to be. So, like Putin said, who can really
Speaker 3: stop this now?
Speaker 11: Right?
Speaker 3: Putin said this a couple of weeks ago. How do
Speaker 3: you can't really stop bitcoin anymore? It's too late, It's
Speaker 3: already global, it's already decentralized. There's no one headquarters. You
Speaker 3: can't shut down all the nodes.
Speaker 4: In the world.
Speaker 3: It's just not possible. But other assets money, cash, et cetera. Gold,
Speaker 3: and gold is subject to all of these risk factors
Speaker 3: you see at least way more subject than bitcoin is.
Speaker 3: So again another plus.
Speaker 7: Lash, there's going to be an inefficiency there.
Speaker 11: Well, bitcoin is an asset without that financial risk of
Speaker 11: the currency, the stock, or the bonds you're going to buy,
Speaker 11: and it doesn't have the physical risk of real estate
Speaker 11: or property because you put it in cyberspace.
Speaker 7: It is an orbit.
Speaker 11: It is outside of the political domain, outside of the
Speaker 11: physical domain, outside of a currency domain, and that is.
Speaker 7: A solution to long term capital.
Speaker 3: Now again, I want everybody to watch this whole lecture. Eventually,
Speaker 3: if you have to leave, you don't want to spend
Speaker 3: all this fine, just go Finally, eventually, please have watch
Speaker 3: this whole thing, because if you disagree, I want to
Speaker 3: know that you've at least watched this and you have
Speaker 3: arguments or bases you at least understand the position right
Speaker 3: before you disagree. People say in the chat, Obbsy becomes
Speaker 3: a member, shout out to Ben says for five dollars.
Speaker 3: What side are out to buy bitcoin? In the show
Speaker 3: description is my link to Swan Bitcoin. Swan is an
Speaker 3: only bitcoin only company, so there's a little it's a
Speaker 3: little more difficult in terms of getting started there, but
Speaker 3: it is a bitcoin only and you'll need to sort
Speaker 3: of transfer it to a cold storage wallet. It may
Speaker 3: not be the easiest, but it is probably the safest.
Speaker 3: But the easiest route is through something like coinbase. I'm
Speaker 3: not a huge fan, but it's the easiest way to
Speaker 3: purchase in on ramp.
Speaker 11: But what you see is you see smart money everywhere
Speaker 11: in the world. Smart here's the big idea. A bitcoin
Speaker 11: you get to keep your money. That's the idea. Who
Speaker 11: cares people that live in China and Russia and Africa
Speaker 11: and South America and Asia and Europe that want to
Speaker 11: keep their money. And so the money is flowing from
Speaker 11: those long term capital assets, from that warehouse, from that currency,
Speaker 11: from that South American bond, from that bar of gold
Speaker 11: is flowing into bitcoin. Bitcoin is digital capital. So I
Speaker 11: would submit to you I think the greatest digital transformation
Speaker 11: of the twenty first century more important than.
Speaker 1: Digital music or trying to catch your breath.
Speaker 7: Kits.
Speaker 11: So imagine your one hundred million dollar building. I give
Speaker 11: you one hundred million dollars and you own a building
Speaker 11: in La Okay, or put it in Miami, or put
Speaker 11: it in any city in the world, in Istanbul, and
Speaker 11: now digitally transform it. What happens when you digitally transform
Speaker 11: one hundred million dollar building, Well, you get rid of
Speaker 11: all the things that are liabilities. You get rid of
Speaker 11: the tax, the traffic, the tenants to torts, the trouble,
Speaker 11: the weather, the corrosion, the regulator, the fact that you
Speaker 11: can't move it. And then you add all the things
Speaker 11: that make something more valuable. Right, how do you make
Speaker 11: the building more valuable? You make it invisible, indestructible.
Speaker 3: In more notice. Some of these are the things that
Speaker 3: I mentioned about. What are the characteristics of money, divisibility, portable,
Speaker 3: that is, teleportable, durable, recognizable, scarcity, et cetera.
Speaker 11: Teleportable, programmable, divisible. You make it ungible, configurable, you make
Speaker 11: it volatile. These things make the building more valuable. The
Speaker 11: other things make the building less valuable. Bitcoin is, in essence,
Speaker 11: just that digital transformation. If you had your one hundred
Speaker 11: million dollar building in Ukraine, or you had it in
Speaker 11: Syria or you had it and fill in the blank
Speaker 11: Venezuela or Cuba or La, or you had it in
Speaker 11: the path of whatever storm, or you had it in Moscow.
Speaker 7: What's it worth now?
Speaker 3: Right?
Speaker 7: And how does it degrade? Digital capital is global capital?
Speaker 4: Right?
Speaker 11: This idea of a building, right, It's like we can
Speaker 11: debate whether or not you want your building in New
Speaker 11: York or Miami, or La or San Francisco. But if
Speaker 11: I took if I gave you a billion dollars and
Speaker 11: I dropped you in Africa, and I said to you, Okay,
Speaker 11: I want you to go buy a mixture of African
Speaker 11: assets worth a billion dollars.
Speaker 7: Buy anything you want, buy it in any country.
Speaker 11: Buy land by the buy the buildings, buy the companies,
Speaker 11: Buy your favorite African currency, buy the Egyptian pound, buy
Speaker 11: the naira, buy the krugar rand, buy a concession on
Speaker 11: a whatever safari, Buy tents, buy mineral rights, buy it
Speaker 11: all the catches.
Speaker 7: You have to hold it for one hundred years in Africa?
Speaker 7: What are you going to buy? And now here's the
Speaker 7: second question. Now they gave you a choice.
Speaker 11: You can either buy all that stuff and be locked
Speaker 11: in that in that investment for one hundred years. Or
Speaker 11: you can buy digital capital and the bitcoin network that
Speaker 11: all the other smart rich people own and that you
Speaker 11: can carry with you in your pocket. Or you can
Speaker 11: zap it out of the you know, out of Africa
Speaker 11: and it's in cyberspace and is not subject to African
Speaker 11: political Jersey.
Speaker 3: Point being that constantly hammering home that is on the
Speaker 3: part of sailor the point being that it's superior to
Speaker 3: real estate, to land. Right, digital capital is superior to
Speaker 3: land capital. And you're talking about bitcoin, not talking about
Speaker 3: NFTs or whatever. Right, So let's skip ahead and let's
Speaker 3: talk about how it's a revolutionary advance in preservation Higeria.
Speaker 11: You can buy a billion in bitcoin, but you cannot
Speaker 11: buy a billion dollars of real estate in New York City,
Speaker 11: and you cannot put your billion dollars into JP Morgan
Speaker 11: and so you see on a relative base.
Speaker 3: So we got a super chat from Bobby C. Five dollars.
Speaker 3: I used one bitcoin. I would recommend it. Yeah, my
Speaker 3: last significant purchases were from Swan. I have a Swan
Speaker 3: referral link in the show description. If you want to
Speaker 3: get started bitcoin only. It's not the easiest, but you know,
Speaker 3: it's you know, if you want to go wallet wise,
Speaker 3: there's jade blockstream jade. Somebody gave me a like a
Speaker 3: cold cart a long time ago. I never did use
Speaker 3: it though, Airrod forty three five dollars. What do you
Speaker 3: think about XRP? Not a fan, don't don't own it,
Speaker 3: not interested in CEO centralized coins. People may trade it
Speaker 3: in the short term and make money, but no, I
Speaker 3: don't care about XRP.
Speaker 11: There's a certain appeal here and then here we can
Speaker 11: see bitcoin is. It's a revolutionary advance and capital preservation.
Speaker 11: Everything you own in this world probably has a useful
Speaker 11: life of ten to one hundred years. So what if
Speaker 11: I give you something with a useful life of a
Speaker 11: thousand years? Like when gold in place of two percent
Speaker 11: a year, that means it's got a half life of
Speaker 11: thirty five years. Your capital in gold as a thirty
Speaker 11: five year half life. When something inflates of zero percent
Speaker 11: a year, your capital and that thing has a half
Speaker 11: life of forever. There's the difference between two percent and
Speaker 11: zero percent. Is I live thirty five years, I live
Speaker 11: for a billion years. It's a pretty big difference. When
Speaker 11: you compound it.
Speaker 7: Your time matters.
Speaker 13: So let us automate the manual tasks by you.
Speaker 7: So this thing we call bitcoin, it's a network.
Speaker 11: It's secured by energy, by electro energy, by computer power,
Speaker 11: by political power, by economic power. It's simply put, it's
Speaker 11: the most powerful crypto network in the world.
Speaker 7: Has the most popular support.
Speaker 11: It has more computer power than Amazon or Microsoft could
Speaker 11: muster if they wanted to.
Speaker 7: People say, what's it back by?
Speaker 11: It's just back by power, a lot of power, right,
Speaker 11: the political power to topple or tip an election, which
Speaker 11: is what just happened in the US.
Speaker 8: Right.
Speaker 11: The computer power that is such a dense hash wall
Speaker 11: that every computer on Earn turned against it, wouldn't donnant.
Speaker 11: Let me switch gears to a twenty one year out
Speaker 11: look a bitcoin. What do I think is going to happen? Well,
Speaker 11: I've got an open source model. It's called Bitcoin twenty four.
Speaker 7: You can google. It is on GitHub. You can download this.
Speaker 11: You can plug in all your assumptions and create your
Speaker 11: own forecast. But I think looking out over the next
Speaker 11: twenty one years, you know, I just I think the
Speaker 11: money supply, the currency supply, will continue to grow. You're
Speaker 11: going to You're going to continue to see innovation, You're
Speaker 11: going to see equities continue to grow, goal will gradually underperform.
Speaker 11: Of course, Bitcoin is going to overperform. Equities will overperform
Speaker 11: because of AI and technology. And this is a simple,
Speaker 11: a simple view I put forth in Nashville in July,
Speaker 11: and I haven't really changed from it. I expect the
Speaker 11: bitcoin's going to go from sixty percent ARAR decelerating to
Speaker 11: twenty percent for a blended rate of twenty nine percent.
Speaker 3: I think the volatility, this is your annual return rate
Speaker 3: on average right hit sailor's bare case that is worst
Speaker 3: case scenario for bitcoin by twenty forty five, three million,
Speaker 3: base case scenario thirteen million, bowl case scenario forty nine million.
Speaker 3: And that's with percentage of global assets in bitcoin. If
Speaker 3: it's only seven percent by twenty forty five, that's thirteen million,
Speaker 3: and that could happen sooner than twenty forty five. Twenty
Speaker 3: two percent of global wealth and assets is what gets
Speaker 3: you to forty nine million dollar per bitcoin. So right
Speaker 3: now we're at he put July, I mean, we're at
Speaker 3: to the coin's like a two trillion dollar market cut right, Yeah,
Speaker 3: two trillion dollars right now, and that's over one hundred
Speaker 3: thousand dollars bitcoin. So if we get a two hundred
Speaker 3: and eighty trillion dollar bitcoin by twenty forty five or earlier,
Speaker 3: I mean, that's a what one hundred plus X, that's
Speaker 3: one hundred and eighty x from where we are, one
Speaker 3: hundred and forty X from where we are. So do
Speaker 3: you think gold is going to give you one hundred
Speaker 3: and forty x or if it gets to the bowl
Speaker 3: case scenario that's like a one thousand trillion versus one
Speaker 3: that's a thousand x dog from where we are or
Speaker 3: five hundred decks from where we are. There ain't no
Speaker 3: way you're going to get that. In S and P
Speaker 3: or whatever. Boomer stalks.
Speaker 11: Bitcoin will go from sixty ball decelerating to twenty ball
Speaker 11: for a blended ball of whatever the same. And I
Speaker 11: think that you know, if you look out twenty years,
Speaker 11: is still going to be growing faster than the S
Speaker 11: and P a bit fifty percent more, is still going
Speaker 11: to be fifty percent more volatile than the S and P.
Speaker 11: But you want a simple view of the market, you
Speaker 11: just think, here's something which is twenty nine percent ar
Speaker 11: R for the next twenty one years targeting.
Speaker 3: So the machine since five dollars.
Speaker 4: Goodnight from Australia.
Speaker 3: Got any got some new wars for you?
Speaker 4: Hanni striting Ja.
Speaker 3: What is a good resource for the basics of getting
Speaker 3: some bitcoin? The link in the show description swan Bitcoin.
Speaker 3: I've been listening for ages. I guess it's time now.
Speaker 3: Yeah you you you all been too lazy. Bobby C
Speaker 3: five dollars. I know what goal will be used for
Speaker 3: in the future. We can put our seat phrase into
Speaker 3: it and it won't deteriorate. That's what I'm talking about.
Speaker 7: Thirteen million dollars a coin.
Speaker 11: And if you look at that against our map of wealth,
Speaker 11: it's not that radically different. Just bitcoin becomes the global
Speaker 11: Monetary Index, a two hundred and eighty trillion dollar asset class.
Speaker 11: Equities will still be bigger, real estate will still be bigger,
Speaker 11: Bonds will still be bigger. It's just you know, if
Speaker 11: you want to get rich, you're not getting rich investing
Speaker 11: in gold, right. If you want to stay rich, you
Speaker 11: can probably hold a diversified portfolio of real estate and equity.
Speaker 11: If you want to outperform, you're going to need bitcoin.
Speaker 11: We're entering the era of institutional adoption now. This ten
Speaker 11: years this is the goal.
Speaker 3: This is what I've been talking about right in.
Speaker 11: Twenty for bitcoin emerged is a viable alternative to bonds
Speaker 11: in a corporate portfolio.
Speaker 7: That was the first year.
Speaker 11: Now you see all these public entities that are holding bitcoin,
Speaker 11: one hundred and fifteen different ones. So this is spreading.
Speaker 11: As I said, it's a virus. It's going to accelerate.
Speaker 11: There's a wave of political support for bitcoin. It's surging.
Speaker 11: You can see the entire cabin in is pro bitcoin,
Speaker 11: The White House is pro bitcoin, The Senate in the
Speaker 11: House are pro bitcoin. You know, you've got a Senator
Speaker 11: proposing a Bitcoin strategic reserve. You've got Larry Fink advocating
Speaker 11: for bitcoin on CNBC and I just showed you the
Speaker 11: Blackrock numbers.
Speaker 7: They're stellar. You've got Donald Trump.
Speaker 13: Never sell your coin, it's all you need to know.
Speaker 7: You've got Senator Lammas I encourage people to buy and hold.
Speaker 3: I encouraged them to say bitcoin for their retirement, for
Speaker 3: their future.
Speaker 11: You've got Joe Kernan debating with Muhammad al at people.
Speaker 10: They're nodding with you because we can deflate our way
Speaker 10: out of some of the step But the difference between.
Speaker 7: Two percent and three percent compounded.
Speaker 11: For the dollar is devastating and saying you should buy
Speaker 11: bitcoin in twenty twenty five were the first year of
Speaker 11: the crypto.
Speaker 7: Renaissance, right.
Speaker 11: I think what you're going to see is you'll see
Speaker 11: improvements to the Wall Street ETFs. You're going to see
Speaker 11: fair value accounting from FASB.
Speaker 3: Which would be a big The repeal of the SAB
Speaker 3: one twenty one is what I was mentioning earlier. That's
Speaker 3: what just happened a couple of days ago. So this
Speaker 3: is on point as Sailor talked about he expected the repeal.
Speaker 3: The repeal just happened a few days ago that Trump did.
Speaker 3: That's an end to the war on crypto. You have
Speaker 3: getting rid of Gary Gensler. And so again things are
Speaker 3: still consistently bullish. Today's news about China's AI or whatever.
Speaker 3: I mean, I'm not in STNKS, I don't have Nvidia
Speaker 3: or whatever, so I don't I'm not paying I mean,
Speaker 3: I noticed it. It didn't really hurt bitcoin too much.
Speaker 3: Like we've been fluctuating around one hundred thousand to one
Speaker 3: hundred and eight thousand for a couple of weeks. So
Speaker 3: we went down I don't know a few percent today.
Speaker 3: It's not a huge deal. Let's see. So we've already
Speaker 3: gained back what we lost throughout the day today already,
Speaker 3: so we're back to where we were yesterday. We're not
Speaker 3: We're only fifteen hundred away from one hundred and four,
Speaker 3: which is where we were yesterday. So no, I don't
Speaker 3: think this is bullish. I mean a bearish. I think
Speaker 3: it's a no big deal and all of the momentum
Speaker 3: and the trends are still bullish.
Speaker 11: Boost You've got two hundred and fifty plus pro crypto
Speaker 11: representatives or senators in Congress. I think you'll see the
Speaker 11: repeal of SAB one twenty one, which allows banks to enter.
Speaker 3: That just happens.
Speaker 11: I'm going to start the bank bitcoin. That's going to
Speaker 11: be a big deal. The end of the war in
Speaker 11: crypto is just a big deal. And I think the
Speaker 11: arrival of a digital assets framework and a bunch of
Speaker 11: bitcoin standard companies, all of these things are in progress process.
Speaker 6: And what are we doing?
Speaker 7: What we do is we issued.
Speaker 3: This is where he talks about the strategy of his company,
Speaker 3: basically converting to a bitcoin based company. So I'm going
Speaker 3: to skip past some of this, and he's talking about
Speaker 3: how his performance company wise has surpassed all the other companies.
Speaker 3: So if you want to scratch is designed to keep
Speaker 3: open while you trade. So if you want to get
Speaker 3: into stocks, that's up to you. I'm not a huge
Speaker 3: stock person, but I mean there are potentials for making
Speaker 3: you know, money there as well. But let's see, I'm
Speaker 3: gonna skip past some of the micro strategy stuff. He's
Speaker 3: gonna do a stock and there's gonna be a new
Speaker 3: issuance that's gonna pay dividends if you're into stocks stonks.
Speaker 3: Let's see if he gets back to bitcoin here.
Speaker 11: So bitcoin is the asset without counterparty risk. You don't
Speaker 11: have risk to a competitor, a country, a corporation, a creditor.
Speaker 7: A culture or currency. That's the point. Get rid of
Speaker 7: the risk.
Speaker 11: Now, now, what if you could buy a digital monopoly
Speaker 11: growing at sixty percent a year at one time's revenue,
Speaker 11: and what if that company was more profitable than your
Speaker 11: own company?
Speaker 3: So no, I don't Again, if you define fiat as
Speaker 3: someone having the ability to increase the supply, no, bitcoin
Speaker 3: is not fiat. There is an element of a new
Speaker 3: issuance issuance of bitcoin two minors, but that ends when
Speaker 3: the last bitcoin is mined, so there's only twenty one
Speaker 3: million bitcoin period that's hard wired into the protocol. So no,
Speaker 3: it is not fiat. If you mean that, it can
Speaker 3: willing nearly be inflated. And that's typically what we're referring
Speaker 3: to when we say fiat.
Speaker 7: Would you do it?
Speaker 11: Who wouldn't do it? What if you could keep doing
Speaker 11: it every year forever? Well, that's bitcoin, right. Bitcoin is
Speaker 11: the universal, perpetual, profitable merger partner. Right, what you're doing
Speaker 11: is the transformational merger, but you're doing it with a
Speaker 11: crypto monopoly. So when you evaluate your options, you can
Speaker 11: plug in that same model. And I did it for Microsoft,
Speaker 11: and I looked at their business, I looked at their
Speaker 11: cash flows, right, And.
Speaker 3: This is a corporate pitch here, but it's the same
Speaker 3: for you as an individual. You're just a smaller version
Speaker 3: of that. So that's the point of this is that
Speaker 3: it's the same principles here. And here is the MAXI strategy.
Speaker 3: If you wanted to put a minimum amount, right, this
Speaker 3: is what you're talking about in terms of returns.
Speaker 7: Did they have to chase their core business? Not at
Speaker 7: all the other catches?
Speaker 11: They double the value of the company, right, what happens
Speaker 11: to the marketcount of the company, Well, status quo is
Speaker 11: nothing good.
Speaker 3: Now, when he gave the talking to the Nashville bitcoin people,
Speaker 3: that was for more of the average consumer market, not
Speaker 3: the corporate market. So when he gave that talk, this
Speaker 3: same slide was used to show that the returns for
Speaker 3: a person who's a maxi right versus people who never
Speaker 3: put anything into it. You're talking about two point five
Speaker 3: versus zero right in terms of this is trillions for
Speaker 3: his company's strategy for micro strategy market cap, and so
Speaker 3: he's projecting that Microsoft could do the same thing and
Speaker 3: they could have a multi trillion dollar market cap were
Speaker 3: they to go into bitcoin the way that his company
Speaker 3: did in the future. That's based on an estimated yearly
Speaker 3: return up until twenty thirty four. So by twenty thirty four,
Speaker 3: companies that don't have any money in bitcoin are going
Speaker 3: to be zero. Companies that put one trillion in would
Speaker 3: get one trillion return or depending on how much you
Speaker 3: put in, basically would be the amount return. So if
Speaker 3: you leveraged everything, including debt, including stock, including whatever, the
Speaker 3: triple maxi strategy of his company is the expectation of
Speaker 3: five trillion dollars by twenty thirty four. That's the logic
Speaker 3: of it. There's no guarantees here might not perform that well,
Speaker 3: but that's an estimate based on how the end of
Speaker 3: your returns are so far.
Speaker 11: You see that little change is worth a trillion dollars, right,
Speaker 11: If you go to full triple maxie, it's.
Speaker 7: Five trillion dollars.
Speaker 11: Right, you can just be worth five, you know, eight
Speaker 11: trillion instead of three trillion or whatever.
Speaker 7: What's the downside? No, you just get rich based on expectations.
Speaker 11: So conventional wisdom says value the company based on all
Speaker 11: you have to do.
Speaker 7: Is manage your balance sheet differently.
Speaker 11: You're capitalizing on bitcoin, not capitalizing on bonds. We are
Speaker 11: book of the month.
Speaker 10: Our name says a lot.
Speaker 13: But there's a little more.
Speaker 11: To it and to us.
Speaker 3: Maybe I should find the specific section at because this
Speaker 3: is not really relevant to normal people. They're not going
Speaker 3: to get it because it's talking about to corporations. But
Speaker 3: the same talk he gave here in Nashville. Let me
Speaker 3: find the chart for individuals. That's for nation states.
Speaker 11: Here we go, don't use margin, lounge and trade with leverage.
Speaker 11: You get wiped out while you're asleep.
Speaker 6: On ten x leverage. So what's typical person.
Speaker 11: Well, we actually model an individual and we said, what
Speaker 11: have you had seven hundred and fifty thousand in net
Speaker 11: asset and you made two hundred grand a year and
Speaker 11: you're gonna make five percent more every year and you got.
Speaker 3: This is that same point applied to individuals.
Speaker 11: It's savings rate of twenty five percent and you can
Speaker 11: invest fifty thousand a year.
Speaker 6: Well, there's a lot of strategies.
Speaker 11: You can be the normy and do a normal strategy
Speaker 11: diversified portfolio. You can be a ten percenter and you
Speaker 11: can put ten percent of your assets into bitcoin. You
Speaker 11: can be a BTC MAXI and put eighty percent of
Speaker 11: your assets and put eighty percent of.
Speaker 6: Your earnings into bitcoin.
Speaker 11: You could be a double maxi, and that's when you
Speaker 11: basically take an extra two hundred and fifty thousand dollars
Speaker 11: loan against the house. And then the triple maxie is
Speaker 11: you finance the house for a bitcoin, you buy bitcoin,
Speaker 11: you flip all your asses to bitcoin, and then you
Speaker 11: move to a cheap tax jurisdiction where you actually can
Speaker 11: avoid some taxes. Invest an extra fifty grand and bitcoin,
Speaker 11: maybe a Singapore you way, this was prior to.
Speaker 3: The Trump bitcoin announcements and whatnot. I think this was
Speaker 3: the day before Trump spoke. But uh, you'll notice here
Speaker 3: the payout right. Well, no, it's excuman, it's the next slide.
Speaker 3: Excuse me.
Speaker 6: What's the result.
Speaker 3: Yeah, here we go.
Speaker 11: Well, this is the result the norm he ends up
Speaker 11: with eight million dollars in twenty one years.
Speaker 3: So this is why people do what Jack Mallers is
Speaker 3: talking about. Right, So this is the growth of your wealth,
Speaker 3: the more that you've transferred that Fiat nonsense into what
Speaker 3: you think will be valuable in the future. So notice
Speaker 3: the difference in these returns. Right, by twenty forty five,
Speaker 3: I have the normy who has put in what did
Speaker 3: he say? Ten percent? I forget what he said, or
Speaker 3: a smaller amount the that is, like, I forget what
Speaker 3: percentage he said? No he said twelve percent, twelve percent
Speaker 3: or less, I don't remember. No, that's annual return anyway.
Speaker 3: Less than ten percent of your net worth savings into
Speaker 3: bitcoin is the normy, which by twenty forty five gives
Speaker 3: you if you were making what did he say? Two
Speaker 3: unred fifty thousand dollars a year, puts you at eight
Speaker 3: million the person who allocates ten percent of their savings
Speaker 3: over their lifetime to bitcoin for the next well not lifetime,
Speaker 3: but the next what twenty years gets you twenty one million.
Speaker 3: A Bitcoin MAXI who has put everything in gets you
Speaker 3: one hundred million. A double MAXI who leveraged debt, or
Speaker 3: a triple MAXI who leveraged more more debt two hundred
Speaker 3: million in twenty years. And he's he's judging that on
Speaker 3: the basis of the average annual returns as they have
Speaker 3: been for bitcoin, and that's it is true that there
Speaker 3: will not be As bitcoin grows, the annual returns will
Speaker 3: begin to come down, So you're not going to get
Speaker 3: necessarily sixty percent return every year. The earlier that you
Speaker 3: were in the better, but there's still better returns than
Speaker 3: you would get in anything else. Is the point.
Speaker 11: The BT the ten percenter will more than double that.
Speaker 11: The MAXI ends up with one hundred million, the double
Speaker 11: MAXI won fifty, the triple Maxi two hundred and fourteen million.
Speaker 11: You can see the power of leverage and the choice
Speaker 11: is yours. And you can also see, you know, it
Speaker 11: takes fifteen point nine bitcoin to be a triple MAXI.
Speaker 11: You know six point two five. Bitcoin will make you.
Speaker 6: A wealthy person. Let's talk about corporations.
Speaker 3: So there you see the logic of that slide. I
Speaker 3: think on this other one, if we go back to it,
Speaker 3: how's it going up? You may just continue with the
Speaker 3: corporate stuff. Let me see.
Speaker 11: So when you evaluate your options, you can plug in
Speaker 11: that same model. And I did it for Microsoft, and
Speaker 11: I looked at their business, I looked at their cash flows,
Speaker 11: at all the other catches. The snapshot here is territory
Speaker 11: for next to nothing, fifteen million dollars nineties, the Russians,
Speaker 11: the Africans of South America.
Speaker 3: Okay, this is the next part. This section is important
Speaker 3: because it deals with the nation states that are beginning
Speaker 3: to come in. Right. So once America says okay, yeah,
Speaker 3: we're going to do this strategic reserve, most likely that
Speaker 3: triggers a rush towards a supremely rare asset.
Speaker 11: Because of the Europeans into the network, all that capital
Speaker 11: is going to flow and we're.
Speaker 7: Going to be the beneficiaries.
Speaker 11: If you plug that Bitcoin twenty four model in the
Speaker 11: Lumbus Bill, what it does is cut the US debt
Speaker 11: in half over twenty years.
Speaker 7: But if you think about the precedents.
Speaker 3: This is literally the only way to actually pay the
Speaker 3: astronomical US debt.
Speaker 11: By the way, we bought the Louisiana territory for next
Speaker 11: to nothing fifteen years.
Speaker 3: Which actually should be canceled anyway, because it was all
Speaker 3: a bunch of thefts, so we really technically should know anything.
Speaker 7: At all million dollars.
Speaker 11: And then we bought California and Mexico and Texas from
Speaker 11: in the Mexican War, and then we bought Alaska. Look
Speaker 11: at all those purchases. When we bought Alaska, we bought
Speaker 11: a bunch of territory not even knowing what it was worth.
Speaker 11: And then one hundred years later there's a trillion dollars
Speaker 11: of mineral rights underneath it. They weren't thinking that in
Speaker 11: eighteen sixty seven, right, And so we paid I think
Speaker 11: forty million dollars for three quarters of the United States
Speaker 11: forty million dollars. If you know where the people are going,
Speaker 11: if you know the future California, what can they possibly
Speaker 11: do in California?
Speaker 7: Right?
Speaker 11: We bought California for eighteen million bucks. So Bitcoin is
Speaker 11: simply cyber Manhattan. All the ais are going there, all
Speaker 11: the global capital is going there, all we need to
Speaker 11: do is buy it.
Speaker 7: It's all going to arrive.
Speaker 11: So if you think about the greatest deal of the
Speaker 11: twenty first century, it's just buy twenty twenty five percent
Speaker 11: of cyberspace. When the US buys it, every company will follow,
Speaker 11: every country will follow, all the capitalists will follow, and
Speaker 11: we end up, you know.
Speaker 1: In the extra.
Speaker 3: So now, if you look at this chart, if the
Speaker 3: Loomis Bill passes, that makes uh one point two million
Speaker 3: per bitcoin? Or does that mean they're confused as to
Speaker 3: whether this means they're purchase of one million bitcoin? But
Speaker 3: if the government purchased a million bitcoin, I mean it's
Speaker 3: just gonna be mind boggling. Right would that take it to?
Speaker 3: I don't know what that would take The market cups here.
Speaker 3: It's crazy to think about training.
Speaker 11: Case, the Trump match case. You make eighty one trillion
Speaker 11: dollars just buying the future. What you're doing is you're tipping.
Speaker 11: You're inverting the entire world of order instead of relying upon.
Speaker 7: Twentieth century campital assets.
Speaker 11: That four hundred and fifty trillion dollars will flow into
Speaker 11: twenty first.
Speaker 7: Century digital assets.
Speaker 11: If you know that the world is moving from the
Speaker 11: twenty to the twenty first century.
Speaker 3: I think you're saying that if Trump chose a triple
Speaker 3: MAXI desire to purchase four million bitcoin, that would take
Speaker 3: bitcoin to six million per bitcoin. I think that's what
Speaker 3: that means. And even the Loomis Bill makes gets bitcoin
Speaker 3: two one million, So that's a ten x from where
Speaker 3: we are. If the Loomis Bill passes, you're talking bitcoin
Speaker 3: because it's a purchase of one million bitcoin over five years,
Speaker 3: and so that gets us to one million bitcoin, one
Speaker 3: million dollar bitcoin after that purchase of a million, right,
Speaker 3: the government buys one million bitcoin, takes bitcoin two one
Speaker 3: million dollars. Is a point if you get a double
Speaker 3: MAXI position of the government purchases two million dollars a bitcoin,
Speaker 3: that gets us to two million, four million dollars a bitcoin.
Speaker 3: Four point two million, four million dollars purchase a bitcoin,
Speaker 3: and then the conversion of seventy five percent surplus into
Speaker 3: bitcoin gets us to a six million dollar bitcoin, depending
Speaker 3: upon how bullish the government approach is. Now, the Loomis
Speaker 3: Bill may not pass. We don't know, so there's no guarantees.
Speaker 3: I think the betting odds on the betting sites are
Speaker 3: sixty seventy percent. Now that it will pass, and you'll
Speaker 3: a saying that if that passes, that means one million
Speaker 3: dollar bitcoin at least in the next five years of purchasing,
Speaker 3: because they're going to purchase like one hundred thousand, hundred thousand,
Speaker 3: two hundred thousand each year until it's a million. That's crazy.
Speaker 3: Do you guys not understand this? Just like this is
Speaker 3: a celebration times? Am I reading this chart? Right? Can
Speaker 3: you guys see the chart?
Speaker 8: Is that? Is that?
Speaker 4: How?
Speaker 3: I think that's what he's saying.
Speaker 11: If you believe in the progression of technology, if you
Speaker 11: think that people would rather have a billion dollars a
Speaker 11: bitcoin than a billion dollars of frozen hundred in Siberia
Speaker 11: or natural gas rights and Cuba.
Speaker 7: Or whatever, then you can just buy it now. You
Speaker 7: can buy it for next to nothing.
Speaker 11: And so that's the logic of the Bitcoin Strategic Reserve
Speaker 11: for the United States, and it works for any country, it.
Speaker 7: Works for any company.
Speaker 11: Right And uh, I guess the best thing I can
Speaker 11: say about coin is is it's happening. Everybody needs it,
Speaker 11: nobody can stop it. Very few people understand it. And
Speaker 11: it's just volatile enough to be scary enough that if
Speaker 11: you don't do the work and get the conviction.
Speaker 7: You'll just stare at it and watch it pass you by.
Speaker 11: But I don't really mind the volatility, because what I
Speaker 11: say to people is, if bitcoin appreciated, it's sixty percent
Speaker 11: a year and a perfect exponential with no volatility, people
Speaker 11: stupider than me, richer than me, would own it all
Speaker 11: and I would have no opportunity. And so I kind
Speaker 11: of like the way it's evolved, and I want to
Speaker 11: thank everybody for your time.
Speaker 3: Yeah. In other words, volatility is a feature, not a bug.
Speaker 3: You can get in when you when there are the dips.
Speaker 3: So and if you adopt a hottle philosophy, no problems.
Speaker 3: But this is not register financial advice, Bobby, see again
Speaker 3: for five dollars. Let's be real, we're all waiting until
Speaker 3: we can dump bitcoin and buy up Trump and Milania coin. Yeah,
Speaker 3: not gonna do that. I'm definitely gonna stack BTC. I
Speaker 3: ain't stacking note, although I do have a plan to
Speaker 3: purchase all I'm gonna dump all the BTC I have.
Speaker 3: I'm gonna buy all the hawk Tua coin. When Hawk
Speaker 3: TWA goes to the moon, I'm gonna dump hawk Tua
Speaker 3: and then I'm gonna buy out Michael Saylor. That's my
Speaker 3: ultimate evil villain plan to take over the world. Anyway,
Speaker 3: we didn't end up talking about AI. If you want
Speaker 3: to hear my take on project what was it called,
Speaker 3: super Villain Project the Stargate, go watch my fourth hour
Speaker 3: on Twitter. It's uh, we've had it's almost six hundred
Speaker 3: thousand views. So my last two fourth hours basically six
Speaker 3: hundred thousand views. So it's so hard for me to
Speaker 3: crack a million, but it's growing. We we used to
Speaker 3: get on the fourth hours one hundred two hundre thousand.
Speaker 3: Now we're getting a consistent five hundred six hundred thousand.
Speaker 3: So you can go check that out on my Twitter
Speaker 3: for my breakdown of projects Stargate nonsense. Guys, I want
Speaker 3: to remember it reminds you head on over to chalk
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Speaker 3: books over at Jays Analysis at the website. Otherwise, hopefully
Speaker 3: you got some value out of this. And if you're
Speaker 3: looking for a book, my friend Julia has her book
Speaker 3: Thank God for Bitcoin. This actually argues from a Biblical
Speaker 3: perspective about solid, honest, ethical money, and it argues that
Speaker 3: bitcoin is the most ethical money. Every chapter basically begins
Speaker 3: with a biblical text and argumentation as to why otherwise
Speaker 3: everybody have a good night and I'll see using Also,
Speaker 3: if you want to support me by the way, via bitcoin,
Speaker 3: this is my bitcoin wallet support