WEBVTT 1 00:00:00.080 --> 00:00:02.919 Momentum, and what we're doing and going to do. 2 00:00:04.040 --> 00:00:08.000 My administration is acting with unprecedented speed to fix the 3 00:00:08.240 --> 00:00:11.960 disasters we've inherited from a totally inept group of people, 4 00:00:12.599 --> 00:00:16.399 and to solve every single crisis facing our country. This 5 00:00:16.559 --> 00:00:20.800 begins with confronting the economic chaos caused by the failed 6 00:00:20.879 --> 00:00:25.199 policies of the last administration. Over the past four years, 7 00:00:25.239 --> 00:00:29.120 our government racked up eight trillion dollars in wasteful deficit 8 00:00:29.199 --> 00:00:34.759 spending and inflicted nation wrecking energy restrictions, crippling regulations, and 9 00:00:34.840 --> 00:00:38.479 hidden taxes like never before. 10 00:00:38.640 --> 00:00:43.320 All right, so off to a pretty good start. Of course. 11 00:00:43.359 --> 00:00:47.479 Trump always starts every talk with how everything is wonderful 12 00:00:47.520 --> 00:00:48.479 and amazing. 13 00:00:49.079 --> 00:00:51.479 Just one of those really amazing. Everything that we've done 14 00:00:51.560 --> 00:00:52.320 is the best ever. 15 00:00:52.439 --> 00:00:54.600 And we're going to have a part two of everything 16 00:00:54.640 --> 00:00:58.159 that is measurely the sequel of everything before. It's gotta 17 00:00:58.200 --> 00:01:01.240 be amazing. We're gonna have a sequel do everything that 18 00:01:01.479 --> 00:01:04.719 was pot one. But Part two will be Trump's chic will. 19 00:01:04.799 --> 00:01:07.040 It's gonna be amazing, very wonder o chic will. 20 00:01:07.359 --> 00:01:09.680 Every day I'm struggling since twenty bucks, Jay, I'm coming 21 00:01:09.719 --> 00:01:12.879 in hot right away, happy monetization days. I don't want 22 00:01:12.879 --> 00:01:14.239 to mess it up. But you have an opinion on 23 00:01:14.280 --> 00:01:16.680 the Dutroux affair. Of course we've covered this when we 24 00:01:16.760 --> 00:01:21.239 covered Program to Kill. Every time you'll ask me questions, 25 00:01:21.280 --> 00:01:24.640 you got to go into my archives, dog, I don't. 26 00:01:25.359 --> 00:01:27.280 Let's see. Here's a two hour one where we talked 27 00:01:27.319 --> 00:01:30.000 about Program to Kill. I think we mentioned yeah, I 28 00:01:30.040 --> 00:01:35.640 talk about Dutroe affair here. H here is a smaller analysis. 29 00:01:36.040 --> 00:01:37.840 So and now I think I mentioned it in my 30 00:01:38.359 --> 00:01:42.359 Serial Killer series and yeah, but you got to go 31 00:01:42.400 --> 00:01:47.439 into the archives, dog, Rosie old five bucks. Hypothetically, would 32 00:01:47.439 --> 00:01:51.239 you conspire conspid her consider speaking out a university like 33 00:01:51.319 --> 00:01:54.439 Regent Law School. Yeah, I want you to invite me 34 00:01:54.599 --> 00:01:58.560 to come do it, probably to represent orthodoxy, I guess. 35 00:01:58.719 --> 00:02:01.480 I mean, wouldn't you rather have me singing Cringe Core 36 00:02:01.599 --> 00:02:05.640 live for the law students? But probably the snack pack 37 00:02:06.840 --> 00:02:10.520 becomes a member. Joe Perrota becomes a member. Thank you guys, 38 00:02:10.560 --> 00:02:15.479 Welcome everybody. Let's get back to Trump's address. Let's skip 39 00:02:15.520 --> 00:02:19.639 ahead all the amazing, wonderful, best ever things that were done. 40 00:02:19.680 --> 00:02:22.240 Let's get into some of the facts. 41 00:02:22.159 --> 00:02:25.960 From the one sided Paris slim a court and ended 42 00:02:26.080 --> 00:02:28.639 his saying across the electric. 43 00:02:28.479 --> 00:02:29.680 Vehicle mid day. 44 00:02:30.560 --> 00:02:33.800 So this is good. We got moving out of the 45 00:02:34.280 --> 00:02:37.800 green agenda stuff, which was in my view of scam 46 00:02:37.919 --> 00:02:40.680 Club of Rome stuff. By the way, I'm reading all 47 00:02:40.719 --> 00:02:45.159 of the formerly unpublished but now re published John Coleman books, 48 00:02:46.039 --> 00:02:51.360 and there's a new version of the Ralph Child Family 49 00:02:51.400 --> 00:02:54.360 which he did. I'm reading that one doctor Coleman did 50 00:02:54.400 --> 00:03:01.560 a book on the This actually ends up being a 51 00:03:01.560 --> 00:03:07.960 bunch of discussions of color revolutions and how they were run. 52 00:03:08.919 --> 00:03:13.719 It's called Beyond Conspiracy by Coleman. So those are pretty 53 00:03:13.759 --> 00:03:16.719 good books that I'm reading right now. And for example, 54 00:03:16.759 --> 00:03:19.800 there's a whole discussion of the Georgia Revolution, Color Revolution, 55 00:03:19.919 --> 00:03:23.560 there's the discussion of Orange Revolution, so interesting stuff in 56 00:03:23.599 --> 00:03:26.400 that book. I'll probably do that for members. But the 57 00:03:26.439 --> 00:03:28.840 reason I bring that up is I've got some good 58 00:03:29.520 --> 00:03:35.759 information coming on coming up for the members. And this 59 00:03:36.080 --> 00:03:38.919 Club of Rome book that he wrote pretty good because 60 00:03:39.719 --> 00:03:43.080 that is what is kind of the think tank behind 61 00:03:43.919 --> 00:03:48.919 what is sort of the mastermind umbrella of all of 62 00:03:48.919 --> 00:03:53.400 the green climate. And by extension, dee I style. 63 00:03:54.800 --> 00:03:59.319 I declared a national energy emergency, and that's so important. 64 00:04:00.360 --> 00:04:04.680 Energy emergency toward lock the liquid gold under our feet 65 00:04:05.039 --> 00:04:09.159 and pave the way for rapid approvals of new energy infrasearch. 66 00:04:10.080 --> 00:04:12.319 By the way, by liquid gold, he doesn't mean oil. 67 00:04:12.360 --> 00:04:15.639 He actually means literal liquid gold. It's a new element. 68 00:04:15.719 --> 00:04:21.600 It's the fifth element. It's what Milajoviovich symbolized in the 69 00:04:21.639 --> 00:04:24.360 movie fifth element. Liquid gold. 70 00:04:25.399 --> 00:04:29.680 Liquid gold gotta be sold at all of the Trump hotels, 71 00:04:29.680 --> 00:04:32.720 gonna be We're gonna make smoothies out of the liquid gold, 72 00:04:32.879 --> 00:04:37.480 gonna be shucking it down your gullets. It's gonna be amazing, really, 73 00:04:37.560 --> 00:04:42.480 not really, probably the most amazing smoothies, liquid gold smoothies 74 00:04:42.600 --> 00:04:43.279 for America. 75 00:04:43.480 --> 00:04:46.199 The United States is largest amount of oil and gas 76 00:04:46.279 --> 00:04:49.439 of any country on Earth, and we're going to use it. 77 00:04:49.920 --> 00:04:53.279 Not only will this reduce the cost of virtually all 78 00:04:53.360 --> 00:04:57.800 goods and services, it'll make the United States say manufacturing superpower. 79 00:04:58.000 --> 00:04:59.879 Now this is wrongmant too because this week we had 80 00:04:59.920 --> 00:05:03.560 a discussion debate coming up on YouTube over the history 81 00:05:03.560 --> 00:05:05.600 of the Middle East, the history of Israel, the history 82 00:05:05.639 --> 00:05:11.120 of Palestine, British Mandate, and it was actually had a 83 00:05:11.199 --> 00:05:15.040 good discussion with people, were a good, good debate and 84 00:05:15.319 --> 00:05:17.120 got into a lot of the deep history of it 85 00:05:17.240 --> 00:05:19.480 that I've read quite a bit about. And as you 86 00:05:19.480 --> 00:05:21.319 guys know from the members, we just finished the Black 87 00:05:21.319 --> 00:05:23.199 Gold Spies book, which is written by kind of a 88 00:05:23.199 --> 00:05:27.240 French intelligence analysis take on the history of British imperial 89 00:05:27.279 --> 00:05:30.959 spies Napoleonic spies scouting out the Middle East to find 90 00:05:31.839 --> 00:05:37.040 liquid gold. And it was amazing. Tax I think you 91 00:05:37.079 --> 00:05:39.040 really can't understand the history of the Middle East and 92 00:05:39.079 --> 00:05:44.000 the Israel stuff without understanding British imperial geopolitics and the 93 00:05:44.040 --> 00:05:46.120 history of the top spies. So we went through Grotrubelle 94 00:05:46.800 --> 00:05:50.480 to Lawrence, Saint John Philby and many many others, Conrad 95 00:05:50.600 --> 00:05:53.959 Killian French spies. It was pretty wild book. It was 96 00:05:54.079 --> 00:05:59.160 super information packed, but you need to know that stuff 97 00:05:59.199 --> 00:06:02.399 before you can understand and what's really going on. And look, 98 00:06:03.439 --> 00:06:09.560 the liquid goal. The real goal of today is not oil. Okay, Bloomerous, 99 00:06:09.600 --> 00:06:14.439 it's not oil. It's this orange liquid goal right here. 100 00:06:14.600 --> 00:06:16.519 We'll talk about this in a moment, because we're also 101 00:06:16.600 --> 00:06:19.560 going to be looking at this talk this first part 102 00:06:19.560 --> 00:06:21.920 with Trump. This is going to be focusing on the 103 00:06:22.000 --> 00:06:25.240 problems in the world, and Trump is moving in the 104 00:06:25.319 --> 00:06:28.079 right directions. A lot of good things done, not everything. 105 00:06:28.120 --> 00:06:32.160 We're gonna talk a little bit about the what's it 106 00:06:32.240 --> 00:06:37.040 called gay I? What was the thing project Stargate? I 107 00:06:37.040 --> 00:06:39.279 did the Fourth Hour on that the other day, So 108 00:06:39.319 --> 00:06:40.920 we'll talk a little bit about that, because it's kind 109 00:06:40.920 --> 00:06:45.079 of just a stupid propaganda pr thing I think don't 110 00:06:45.319 --> 00:06:47.639 actually exists yet. But and then we're going to talk 111 00:06:47.680 --> 00:06:52.439 about a Michael Saylor talk that helps us understand economics 112 00:06:52.439 --> 00:06:55.519 from an engineering perspective, and we'll look at that in 113 00:06:55.560 --> 00:06:58.920 a second. But I will be on tonight with pretty 114 00:06:58.959 --> 00:07:02.319 well known stand up comedian. His name is Danny Paulish 115 00:07:02.399 --> 00:07:07.160 Chuck and he does the Low Value Male podcast and 116 00:07:07.199 --> 00:07:09.199 I'll be on with him tonight, So it's going to 117 00:07:09.240 --> 00:07:13.560 be pretty fun. I think Burmus and he are buds. 118 00:07:13.680 --> 00:07:15.759 He might be buds with TRIPLEI. I'm not sure. I 119 00:07:15.759 --> 00:07:21.879 think he's triply adjacent. Got a pretty good sized audience, 120 00:07:21.959 --> 00:07:25.519 so that should be fun tonight at nine ish eastern, 121 00:07:25.600 --> 00:07:30.160 I think, yeah, ten, No ten Eastern, nine Central. And 122 00:07:30.439 --> 00:07:31.839 there's something else I was going to talk about. 123 00:07:31.879 --> 00:07:32.360 What was it? 124 00:07:33.759 --> 00:07:35.600 I don't know, let's get into this or we'll we'll 125 00:07:35.639 --> 00:07:39.240 never finish Trump. But all this climate stuff, it's just 126 00:07:39.319 --> 00:07:42.680 a means of neo feudalistic control at. 127 00:07:42.560 --> 00:07:48.519 The world capital of artificial intelligence and crypto. My administration 128 00:07:48.680 --> 00:07:53.319 has also begun the largest deregulation campaign in history, far 129 00:07:53.399 --> 00:07:57.759 exceeding even the record setting efforts of my last term. 130 00:07:58.279 --> 00:08:02.160 In total, the Biden administration to post fifty thousand dollars 131 00:08:02.199 --> 00:08:07.319 in additional regulatory costs on the average American household over 132 00:08:07.360 --> 00:08:08.920 the last four years. 133 00:08:09.240 --> 00:08:10.240 I have promised to. 134 00:08:10.199 --> 00:08:15.560 Eliminate ten old regulations for every new regulation, which. 135 00:08:15.639 --> 00:08:19.759 Now, remember, Davos doesn't exist. It's not a thing. People 136 00:08:19.800 --> 00:08:22.319 have been mocking what we talked about. I made my 137 00:08:22.319 --> 00:08:25.879 first Davos video seven years ago talking about world looking 138 00:08:25.920 --> 00:08:29.000 on befo him. I've been talking about Bieberg for I mean, 139 00:08:29.199 --> 00:08:32.320 I read Daniel Estlin's b Berg book in the two thousands, 140 00:08:32.720 --> 00:08:38.960 and so many normies, so many blue check journal disinfo losers, 141 00:08:39.519 --> 00:08:42.039 so many people in the religious sphere, in the church 142 00:08:42.120 --> 00:08:46.159 sphere mocked for years. Just doesn't even exist. 143 00:08:46.279 --> 00:08:46.840 What's the world? 144 00:08:46.879 --> 00:08:49.080 Look along before world it's not a thing. Well, it's 145 00:08:49.159 --> 00:08:51.879 like a spirit you. And then now we have essentially 146 00:08:51.960 --> 00:08:57.080 Trump speaking to this globalist entity, essentially telling them that 147 00:08:57.120 --> 00:09:01.279 it's not going to be way that it was in 148 00:09:01.399 --> 00:09:06.519 terms of internationalism ruling the ruse. Now people are always 149 00:09:06.559 --> 00:09:09.799 complaining Trump's not doing everything that we want. It's not perfect, 150 00:09:09.799 --> 00:09:12.320 it's all fake, it's all fake, it's not all fake. 151 00:09:13.639 --> 00:09:16.960 In the world of politics, you never get all of 152 00:09:17.000 --> 00:09:22.000 your platform through and Trump is not perfect, but he's 153 00:09:22.039 --> 00:09:24.679 way better than what we've had. The previous people were 154 00:09:24.679 --> 00:09:29.200 literally working to destroy the country. And even if we 155 00:09:29.200 --> 00:09:32.480 get about half of what he talks about doing through, 156 00:09:33.159 --> 00:09:35.840 that will be better than anything else we've ever seen. 157 00:09:36.200 --> 00:09:41.240 And already just moving towards bitcoin is a huge movement 158 00:09:41.240 --> 00:09:43.639 in the right direction. I'm really tired of all the 159 00:09:43.639 --> 00:09:47.559 conspiracy people who are so solidified in everything being a 160 00:09:47.559 --> 00:09:52.159 conspiracy and everything being fake, everything being controlled. That's the 161 00:09:52.200 --> 00:09:54.879 mindset of why you didn't buy bitcoin seven years ago 162 00:09:54.919 --> 00:09:57.200 when I told you to, even though it's not readister 163 00:09:57.279 --> 00:10:05.240 financial advice, you didn't listen. You doubled down on your hardheadedness. 164 00:10:05.720 --> 00:10:08.159 And you're still doubling down. Even though bitcoin will go 165 00:10:08.240 --> 00:10:11.200 to a million dollars, you'll never go to a hundred 166 00:10:11.279 --> 00:10:14.279 dodos Here we are over one hundred thousand dollars. 167 00:10:14.440 --> 00:10:16.000 You'll never go to a million. 168 00:10:16.080 --> 00:10:18.679 Nose and you're gonna be proven wrong yet again, and 169 00:10:18.720 --> 00:10:19.799 you'll double down yet again. 170 00:10:19.879 --> 00:10:22.039 The CIA created bitcoins? 171 00:10:22.240 --> 00:10:26.600 In essay, where is the evidence of the CIA creating bitcoin? 172 00:10:27.080 --> 00:10:31.039 The name Satashi Satoshi Nakamoto. If you look at it 173 00:10:31.080 --> 00:10:34.960 in Gogamatria, you translated into the Japanese of the ancient 174 00:10:34.960 --> 00:10:37.360 Middle aged bl blah blah blah, and then you look 175 00:10:37.399 --> 00:10:41.360 at it through the Samurai lens of Joseph Smith the peepstone, 176 00:10:41.679 --> 00:10:46.120 it's so CIA through the Gamatrio. Right, this total schizo 177 00:10:46.279 --> 00:10:50.039 nonsense stuff. If you look at the mi T paper 178 00:10:50.639 --> 00:10:54.799 that people point to to prove this, it's literally an 179 00:10:54.919 --> 00:10:57.600 mi T paper from the nineties about creating an E 180 00:10:58.000 --> 00:11:03.240 dollar that's still a fiat thing. That's still just what 181 00:11:03.320 --> 00:11:08.200 we have, just electronic cash. Bitcoin is not an E dollar. 182 00:11:09.519 --> 00:11:13.440 This is one oh one dollars are fiat. If they're 183 00:11:13.440 --> 00:11:18.000 put into electronic form, they're still fiat. You just punch 184 00:11:18.080 --> 00:11:21.080 in the number of the dollars you make. That's what 185 00:11:21.120 --> 00:11:24.559 a CBDC would be. So Trump day one bands that's 186 00:11:24.559 --> 00:11:27.399 a good thing. That's against what Klaus and everybody wanted, 187 00:11:27.480 --> 00:11:28.480 which was a CBDC. 188 00:11:31.639 --> 00:11:35.480 If bitcoin is made by the CIA. 189 00:11:34.480 --> 00:11:37.440 Why would the CIA, which is a Fabian socialist institution, 190 00:11:37.639 --> 00:11:41.639 ultimately create the very thing that all the Fabians oppose 191 00:11:42.879 --> 00:11:47.720 and let loose into the world, which is against everything 192 00:11:47.720 --> 00:11:51.799 that they stand for. The IMF, the BIS, all of 193 00:11:51.799 --> 00:11:56.080 these entities, which are keynesy and Fabian social entities have 194 00:11:56.279 --> 00:11:59.919 for ages since the creation of bitcoin, been opposed to it. 195 00:12:00.960 --> 00:12:02.320 Oh but that's all fake. 196 00:12:02.639 --> 00:12:05.200 That's all to make you think they're opposed to do 197 00:12:05.519 --> 00:12:08.440 do do you people are as dumb as the Q people. 198 00:12:12.320 --> 00:12:14.720 Everything's fake. Everything's a conspiracy. 199 00:12:15.519 --> 00:12:17.799 Even though I'm not even gonna go into that stupid stuff. 200 00:12:17.840 --> 00:12:19.440 It's not even worth it, you know. Again, it's just 201 00:12:19.480 --> 00:12:22.559 stay poor, Like why are you even fussing? Just go 202 00:12:22.639 --> 00:12:24.919 be poor, that's what you want. And then when you 203 00:12:25.039 --> 00:12:28.360 keep failing, you're gonna blame everyone else who's successful. And 204 00:12:28.360 --> 00:12:31.519 then you say, well, they sold out. He's working for 205 00:12:31.600 --> 00:12:33.879 the CIA and the KG being a Bassau and everybody 206 00:12:33.879 --> 00:12:35.799 all at once, because that's how we got Successful's the 207 00:12:35.840 --> 00:12:38.360 only way. It's the only way. It's not me being 208 00:12:38.360 --> 00:12:42.799 an idiot, it's them sold out to the CILL. 209 00:12:42.480 --> 00:12:46.840 Many thousands of dollars back in the pockets of American families. 210 00:12:47.159 --> 00:12:48.960 To further unleash our economy. 211 00:12:48.960 --> 00:12:53.080 Our majorities in the House and Senate, which we also 212 00:12:53.200 --> 00:12:56.360 took along with the presidency, are going to pass the 213 00:12:56.440 --> 00:13:00.320 largest tax cut in American history, including massive tax cuts 214 00:13:00.360 --> 00:13:01.559 for workers and family. 215 00:13:02.240 --> 00:13:07.320 And now this is all great, and he has said 216 00:13:07.720 --> 00:13:10.559 getting rid of the i R s amazing, talked about 217 00:13:10.600 --> 00:13:15.600 the Federal Reserve, all that's all great. But remember they're 218 00:13:15.639 --> 00:13:18.399 still at least not Trump, but at least Elon is 219 00:13:18.399 --> 00:13:21.039 still saying we got to get rid of inflation because 220 00:13:21.080 --> 00:13:25.879 of government spending. Inflation is high because of government spending. 221 00:13:27.080 --> 00:13:31.240 Spending has nothing to do with inflation. Inflation is because 222 00:13:31.440 --> 00:13:34.600 the private central banks can print the money. That's what 223 00:13:34.679 --> 00:13:38.840 inflates the currency, making it less valuable. And that's what 224 00:13:39.039 --> 00:13:41.360 Tragedy and Hope covers in the first three hundred pages 225 00:13:41.440 --> 00:13:46.720 of the book. And that's what every libertarian von misis 226 00:13:46.799 --> 00:13:49.480 Ron Paul, everybody who's been screaming. 227 00:13:49.320 --> 00:13:53.279 Well, we got to audit the fad, I've got the fad. 228 00:13:53.320 --> 00:13:58.080 What has Ron Paul endlessly said, Well, I got ut 229 00:13:58.080 --> 00:14:01.440 at the fad. Why because it prints the money into 230 00:14:01.440 --> 00:14:04.159 guy's the churns is that simple. And all the gold 231 00:14:04.200 --> 00:14:06.919 Boomers understood all that. But they still can't wrap their 232 00:14:06.919 --> 00:14:07.600 head around big one. 233 00:14:07.639 --> 00:14:10.840 Well, that's not real. I can't touch it. Well, y'all, 234 00:14:11.519 --> 00:14:13.360 I don't know. If I put money in my game 235 00:14:13.360 --> 00:14:15.679 boy and I rub it all the ATM and none 236 00:14:15.720 --> 00:14:17.720 of the gold comes out, I don't understand it. 237 00:14:19.120 --> 00:14:21.759 Or Paul Craig Robin, Well, Alex will go the dollar? 238 00:14:22.679 --> 00:14:27.600 The dollar, Why Alex's not It's not odd to anything. Oh, 239 00:14:27.799 --> 00:14:30.720 the dollar. We gotta go back to the golds, down 240 00:14:30.799 --> 00:14:33.799 to Dolex. And if the niler cons in Washington will 241 00:14:33.799 --> 00:14:36.840 get to all of the world, we're gonna have spidish 242 00:14:36.919 --> 00:14:39.360 glions settle on the raw, and we'll bring out the 243 00:14:39.399 --> 00:14:42.799 gold trusts with the billion dollar. The gold Alex. It's 244 00:14:42.840 --> 00:14:47.159 the future, old Spanish gallions and trusts, the gold in 245 00:14:47.240 --> 00:14:53.559 the venture, the bloom Alex. Okay Boomers, Yes, fifteen hundred 246 00:14:53.720 --> 00:15:01.000 Spain is the future, right, Captain Jack Sparrow of the future. Oh, 247 00:15:01.000 --> 00:15:04.320 it's the whole of Black Pole. The other bottle will 248 00:15:04.360 --> 00:15:07.159 sell in the flood market to the other cultures on 249 00:15:07.360 --> 00:15:10.240 the buck of the Black Pole under a full gold 250 00:15:10.320 --> 00:15:13.919 of bloom ducks. Does anybody even know who Paul Craid 251 00:15:14.000 --> 00:15:17.639 Roberts is. I don't even know my impressions. Well, got 252 00:15:17.679 --> 00:15:19.720 aught of the fan and go back to the I'm 253 00:15:19.759 --> 00:15:22.440 just joking. Ron Paul actually does believe in bitcoin, so 254 00:15:22.519 --> 00:15:25.080 he's he was at the Bitcoin conference. I didn't hear him. 255 00:15:25.120 --> 00:15:27.480 He didn't speak, he was doing like interviews, a little 256 00:15:28.440 --> 00:15:32.960 media pods or whatever. But no, Ron Paul gets it. 257 00:15:33.120 --> 00:15:40.840 So props to Ron Paul over PCR. But they just man, 258 00:15:41.080 --> 00:15:42.759 I don't get. They just have a heart. So it's 259 00:15:42.759 --> 00:15:45.679 amazing to me that the trumpet wrapped his head around bitcoin. 260 00:15:46.080 --> 00:15:48.799 To me, I cannot even even I mean, this is 261 00:15:48.840 --> 00:15:52.720 a huge change from a year ago. So and we 262 00:15:52.840 --> 00:15:54.759 were at the Bitcoin conference in Nashville, so it was 263 00:15:54.799 --> 00:15:58.200 cool to see all of that live. And uh, in 264 00:15:58.279 --> 00:16:01.559 a minute, we're gonna go to uh, the guy who 265 00:16:01.600 --> 00:16:04.600 does my Financial friend channel. He was a nice guy. 266 00:16:04.679 --> 00:16:06.559 We met him at the Bitcoin conference, got a picture 267 00:16:06.600 --> 00:16:10.039 with him. Cool guy, and he put up the Michael 268 00:16:10.080 --> 00:16:13.759 Saylor lecture that's new that goes really deep into the bitcoin. 269 00:16:13.799 --> 00:16:15.360 So we're gonna do that next. We're gonna do a 270 00:16:15.399 --> 00:16:18.879 commentary on it. You guys are gonna learn and stop 271 00:16:18.960 --> 00:16:22.279 complaining and whining. I don't understand, Dick Cooin. When are 272 00:16:22.279 --> 00:16:24.559 you gonna do a talk about explaining. I've done it 273 00:16:24.639 --> 00:16:27.480 many times. You guys, just don't go into the archives 274 00:16:27.480 --> 00:16:30.440 where it's buried in the algorithm. Man, you don't see it. Okay, 275 00:16:30.480 --> 00:16:34.240 we'll do it again. I'm about to do every day 276 00:16:34.320 --> 00:16:37.360 on bitcoin, and then people will who stop talking about bitcoin. 277 00:16:37.519 --> 00:16:41.159 I want to be poor, stop talking about it. The 278 00:16:41.279 --> 00:16:43.200 only way to be spiritual is if you're really poor. 279 00:16:43.279 --> 00:16:45.480 And that's what that's what God really loves. And especially 280 00:16:45.519 --> 00:16:46.919 when I talk about how poor I am on the 281 00:16:47.000 --> 00:16:49.559 Internet and pray about it. Oh pray, let me pray 282 00:16:49.639 --> 00:16:50.000 on Twitter. 283 00:16:50.159 --> 00:16:52.320 Look at me pray. Oh's so poor. I'm oh, I'm 284 00:16:52.360 --> 00:16:53.679 so spiritual. I'm all rightful. 285 00:16:55.240 --> 00:16:58.919 Yeah, that's what That's what Christianity is about, is just 286 00:16:59.600 --> 00:17:03.919 public portraying how poor you are and that makes you 287 00:17:04.160 --> 00:17:04.759 more righteous. 288 00:17:05.599 --> 00:17:10.519 Domestic producers and manufacturers, and we're working with the Democrats 289 00:17:10.640 --> 00:17:14.000 on getting an extension of the original Trump tax cuts. 290 00:17:14.039 --> 00:17:15.079 As you probably know. 291 00:17:15.920 --> 00:17:20.519 By just reading any paper, my message to every business 292 00:17:20.640 --> 00:17:23.319 in the world is very simple. Come make your product 293 00:17:23.400 --> 00:17:26.000 in America and we will give you among the lowest 294 00:17:26.119 --> 00:17:28.640 taxes of any nation on Earth. 295 00:17:29.400 --> 00:17:30.720 We're bringing it down version. 296 00:17:31.000 --> 00:17:34.240 I understand that because Trump made trump Coin. He doesn't 297 00:17:34.279 --> 00:17:39.039 truly understand bitcoin. I'm speaking in colloquial speak. I know 298 00:17:39.160 --> 00:17:41.680 he doesn't deep down understand the philosopher. So thank you. 299 00:17:41.839 --> 00:17:44.359 Know it alls in the chat thank you safely. 300 00:17:44.000 --> 00:17:46.359 Even from the original Trump tax cuts. 301 00:17:46.960 --> 00:17:49.599 But if you don't make your product in America, which 302 00:17:49.720 --> 00:17:53.359 is your prerogative, then very simply you will have to 303 00:17:53.599 --> 00:17:57.400 pay a tariff differing amounts, but a tariff which will 304 00:17:57.480 --> 00:17:59.440 direct hundreds of millions of dollars. 305 00:17:59.480 --> 00:18:03.319 And even now, this was the way that the government 306 00:18:03.440 --> 00:18:06.240 made money prior to the Federal Reserve was through tariffs. 307 00:18:06.359 --> 00:18:08.920 I mean, I'm sure there's other ways, but the idea 308 00:18:09.119 --> 00:18:14.559 of the irs and taxing everybody and extreme just insane levels, 309 00:18:14.599 --> 00:18:17.680 which is part of the communist manifesto planks, which is, 310 00:18:18.200 --> 00:18:19.799 by the way, one of the ways you can demonstrate 311 00:18:19.880 --> 00:18:23.960 that Marxism socialism is actually a big banker scam is 312 00:18:24.039 --> 00:18:26.319 that the big banking elites have always promoted and pushed 313 00:18:26.400 --> 00:18:32.599 Marxism historically. By the way, there's another book that John 314 00:18:32.640 --> 00:18:35.200 Coleman wrote that's actually really good and has quite a 315 00:18:35.240 --> 00:18:37.319 bit of the sourcing, because his books are notorious for 316 00:18:37.440 --> 00:18:41.359 not sourcing. One World Order socialist dictatorship. This is actually 317 00:18:41.400 --> 00:18:49.000 a really good book anyway. So now the federal government 318 00:18:49.880 --> 00:18:54.240 does not need to attack its own people and leach 319 00:18:54.359 --> 00:18:59.559 off of their hard work. When the federal prior excuse me, 320 00:18:59.640 --> 00:19:02.640 the pri that trail reserve, can print as much money 321 00:19:02.680 --> 00:19:04.319 as they want and give it to their friends. As 322 00:19:04.400 --> 00:19:06.480 Jack Mallers said two days ago or three to whatever 323 00:19:06.480 --> 00:19:10.200 it was, we could go, why would I Why should 324 00:19:10.200 --> 00:19:12.240 I have to work and pay taxes on what I 325 00:19:12.359 --> 00:19:15.039 worked for when those people can make as much of 326 00:19:15.079 --> 00:19:17.279 that money out of thin air and give it to 327 00:19:17.319 --> 00:19:21.960 whoever they want. It's a rigged game. And Maler's has 328 00:19:22.000 --> 00:19:26.279 a great argument on that point as to why he 329 00:19:26.319 --> 00:19:30.720 would not ever even live on a FIAT standard and 330 00:19:30.880 --> 00:19:35.000 his career of the strike app for basically just living 331 00:19:35.200 --> 00:19:38.039 via bitcoin. I'm actually really close to doing that. I mean, 332 00:19:38.079 --> 00:19:40.240 we already kind of do that because anything that I 333 00:19:40.359 --> 00:19:44.359 get is immediately converted into the bitcoin. Always. We've been 334 00:19:44.400 --> 00:19:47.519 doing that for many, many years. It's worked really well. 335 00:19:49.680 --> 00:19:52.079 I'm still not sure about how it works with because 336 00:19:52.119 --> 00:19:54.119 you have to pay taxes. But if if Trump does 337 00:19:54.200 --> 00:19:56.440 what he's talking about here and gets rid of the 338 00:19:56.519 --> 00:19:59.960 crypto or she made the capital gains taxes or whatever, 339 00:20:00.039 --> 00:20:02.920 or no crypto tax whatever that means. That would actually 340 00:20:03.039 --> 00:20:06.240 make it super super easy to literally just live on 341 00:20:06.319 --> 00:20:10.640 a big coin center. So basically every Fiat you get 342 00:20:10.759 --> 00:20:12.920 immediately gets converted into a bitcoin. You don't even worry 343 00:20:12.920 --> 00:20:17.319 about the daily cost. I think this is the future. 344 00:20:17.359 --> 00:20:18.559 A lot lot of people are going to be doing 345 00:20:18.599 --> 00:20:22.200 this in the future, and the only thing that we 346 00:20:22.359 --> 00:20:24.480 already kind of do this. The only difference is that 347 00:20:24.680 --> 00:20:28.480 there is some money in my bank just to pay 348 00:20:28.640 --> 00:20:32.480 the damn taxes, because they're crazy. If you're self employed 349 00:20:32.519 --> 00:20:36.720 and whatnot, I mean, you have the worst taxes, and 350 00:20:36.839 --> 00:20:40.640 that's by design to make sure that you don't rise 351 00:20:40.759 --> 00:20:44.960 up and become successful. So if you ever thought that 352 00:20:45.039 --> 00:20:49.000 this system was actually structured for success, no, no, it's 353 00:20:49.000 --> 00:20:53.440 structured to keep you out of success. And had I not, 354 00:20:53.559 --> 00:20:55.720 for example, had I not paid the insane levels of 355 00:20:55.759 --> 00:20:58.880 taxes that I pay in the last say, seven years, 356 00:21:01.279 --> 00:21:03.640 we would have I'm not gonna say how much we 357 00:21:03.720 --> 00:21:09.400 weave multimillionaires basically, and because that's how much you pay 358 00:21:09.440 --> 00:21:11.480 in taxes. I'm not saying I pay millions of dollars 359 00:21:11.559 --> 00:21:13.359 in taxes. I'm saying that the amount of money that 360 00:21:13.440 --> 00:21:17.400 I put into taxes. If that had been put into 361 00:21:17.440 --> 00:21:20.240 the bitcoin that I would have bought, we would already 362 00:21:20.279 --> 00:21:25.319 be in the multimillions of bitcoin. So taxes are crazy. 363 00:21:26.920 --> 00:21:29.519 Bobby seesays for photodoors have used BitPay. I have the 364 00:21:29.599 --> 00:21:32.680 bit pay app. I have not used it because, like 365 00:21:32.799 --> 00:21:35.039 it just it seems like it's just gonna be a 366 00:21:35.160 --> 00:21:40.240 lot of buying. It's more of a hassle to buy 367 00:21:41.480 --> 00:21:47.039 what's the word I'm looking for when you go to 368 00:21:47.119 --> 00:21:52.640 Kroger and you buy the I can't even think of 369 00:21:52.680 --> 00:21:54.319 the I'm going blank on the word I'm looking for. 370 00:21:56.519 --> 00:21:59.920 Like you can live just on crypto through something like 371 00:22:00.200 --> 00:22:01.920 bit pay, but it's a huge hassle because you have 372 00:22:02.039 --> 00:22:06.640 to buy the like a Kroger card that you put 373 00:22:07.680 --> 00:22:11.000 the cash onto when you cash out, so I mean 374 00:22:11.400 --> 00:22:13.720 for groceries and stuff. I mean, it's just it's still 375 00:22:13.759 --> 00:22:16.480 too much of a hassle. Maybe down the road, but 376 00:22:16.880 --> 00:22:19.319 if you listen to Mallers talks, it actually does make 377 00:22:19.440 --> 00:22:22.799 sense for everything that I can tell, except for taxes. 378 00:22:22.799 --> 00:22:24.559 And if Trump gets this through, then we want to 379 00:22:24.599 --> 00:22:26.720 have to worry about that, so then you would just 380 00:22:27.319 --> 00:22:30.440 it would make absolutely no sense to not live on 381 00:22:30.559 --> 00:22:33.759 a complete bitcoin center for everything. So the strike caap 382 00:22:33.839 --> 00:22:35.599 is supposed to do that, I don't I haven't used 383 00:22:35.599 --> 00:22:37.640 it yet. I've downloaded it, but I've not used it, 384 00:22:37.720 --> 00:22:43.039 so I can't speak to whether the app is good 385 00:22:43.119 --> 00:22:44.680 or whatever it probably is. I don't know. I just 386 00:22:44.720 --> 00:22:50.119 haven't used yet. While taut jatuwan five dollars, Hey, hope 387 00:22:50.160 --> 00:22:52.799 you're doing good. Are you doing any events in Texas? 388 00:22:54.079 --> 00:22:56.880 Not so far that we know about yet, But a 389 00:22:56.960 --> 00:22:59.960 lot of times events just pop up. But I try 390 00:23:00.319 --> 00:23:05.279 to let everybody know as far ahead of time for events, 391 00:23:05.319 --> 00:23:08.599 for live events, So if if anything does come up, 392 00:23:08.640 --> 00:23:13.119 I'll definitely let you guys know. Id bro five bucks. 393 00:23:13.799 --> 00:23:16.759 It won't let me write out my super chat check 394 00:23:17.200 --> 00:23:23.640 the chats. Thank you. It's about two books? Uh, it's 395 00:23:23.680 --> 00:23:29.400 about two books? What is your about two books? By 396 00:23:29.440 --> 00:23:32.160 the way, if you use stream labs, you can I 397 00:23:32.240 --> 00:23:34.960 think you can write longer. You can write more text 398 00:23:35.079 --> 00:23:44.240 on the stream labs. Okay, Alex is not pro nWo. 399 00:23:44.279 --> 00:23:45.640 I don't even know what you're talking about. It doesn't 400 00:23:45.640 --> 00:23:50.559 make any sense. You'll notice that as soon as we 401 00:23:50.640 --> 00:23:54.319 start to have some victories suddenly, oh no, everybody's working 402 00:23:54.400 --> 00:23:57.480 with a new world order. I think a lot of 403 00:23:57.519 --> 00:24:00.480 people just that's just an easy out for them to say, 404 00:24:00.559 --> 00:24:03.160 everything's oh, it's just everything's considered, everything's rict everything. So 405 00:24:03.279 --> 00:24:06.240 so this is like a loser mindset, right when we 406 00:24:06.759 --> 00:24:10.319 talk about the victim mindset, A lot of people in 407 00:24:10.440 --> 00:24:13.599 the conspiracy world, in the alternative media world, they have 408 00:24:13.759 --> 00:24:16.559 a loser victim mindset. They do the exact same thing 409 00:24:16.720 --> 00:24:23.119 as the woke people that everybody bitches about, justifiably that 410 00:24:23.559 --> 00:24:27.200 it's all everybody else's fault. It's all the women's the 411 00:24:27.319 --> 00:24:31.119 women's full. Oh, it's the it's all of the people 412 00:24:31.200 --> 00:24:33.799 from the Middle East, it's all they're full. Oh, they're 413 00:24:33.839 --> 00:24:37.519 causing all of my problems. Everything is them. Well, you 414 00:24:37.680 --> 00:24:40.839 can't change all of that, So the only thing you 415 00:24:40.920 --> 00:24:44.799 can change is you and your own life. And listen 416 00:24:44.880 --> 00:24:47.279 to the video that I just shared this morning from 417 00:24:48.079 --> 00:24:49.920 I don't know who that dude is, he just popped up. 418 00:24:49.960 --> 00:24:52.759 It's a really good, like a motivational type of video, 419 00:24:53.440 --> 00:24:56.119 and although it's geared towards dudes, it applies to women too, 420 00:24:56.279 --> 00:24:59.119 because he's basically just saying all the time and effort 421 00:24:59.119 --> 00:25:02.000 that you put into your video games, in your anime 422 00:25:02.160 --> 00:25:05.119 and all the stuff you whine about. Uh, you're the 423 00:25:05.240 --> 00:25:07.799 one that you're your own worst enemy. And I thought 424 00:25:07.839 --> 00:25:10.039 that was a really good video. Let's get back to Trump. 425 00:25:10.079 --> 00:25:13.880 Tradions of dollars into our treasury to strengthen our economy 426 00:25:13.960 --> 00:25:14.839 and paid down debt. 427 00:25:15.640 --> 00:25:18.000 Under the Trump administration. 428 00:25:17.519 --> 00:25:20.200 There will be no better place on earth to create jobs, 429 00:25:20.319 --> 00:25:23.359 bill factories, or grow a company than right here in 430 00:25:23.440 --> 00:25:28.240 the good old USA. Already, Americans economic and you can 431 00:25:28.319 --> 00:25:31.920 see this, I think maybe even in your in your wonderful, 432 00:25:32.319 --> 00:25:33.839 wonderful room that you're. 433 00:25:33.680 --> 00:25:35.920 All gathered together, so many of my friends, but. 434 00:25:36.000 --> 00:25:40.640 Americans, the economic confidence is soaring like we haven't seen 435 00:25:40.759 --> 00:25:42.039 in many, many. 436 00:25:42.200 --> 00:25:43.759 Decades, maybe not at all. 437 00:25:43.880 --> 00:25:47.319 Upon my election, it was just announced a small business 438 00:25:47.400 --> 00:25:52.000 optimism skyrocketed by forty one points in a single month. 439 00:25:52.079 --> 00:25:54.759 That's the highest ever. There's never been anything like that. 440 00:25:55.640 --> 00:25:58.720 SoftBank has announced between a one hundred and two hundred 441 00:25:58.799 --> 00:25:59.640 billion dollar. 442 00:25:59.519 --> 00:26:00.720 Investment and the. 443 00:26:00.839 --> 00:26:03.720 US economy because of the election result, and just two 444 00:26:03.839 --> 00:26:07.960 days ago, Oracle, soft Bank and Open Ai announced a 445 00:26:08.119 --> 00:26:13.359 five hundred billion dollar investment in AI infrastructure. Other companies 446 00:26:13.519 --> 00:26:17.759 likewise have announced billions and billions and billions, So. 447 00:26:18.079 --> 00:26:19.960 I don't know what you guys are whining about. Like 448 00:26:20.839 --> 00:26:25.559 we try to do a mature analysis over here, debating 449 00:26:25.599 --> 00:26:29.119 all day whether this Elon or Trump or anybody is 450 00:26:29.200 --> 00:26:32.799 a hero or a malicious villion, whether they're all compromised. 451 00:26:33.240 --> 00:26:35.960 None of that is going to get you ahead. None 452 00:26:36.039 --> 00:26:40.640 of that is going to solve your problems. So what 453 00:26:40.799 --> 00:26:43.440 you have to do is focus on the things in 454 00:26:43.559 --> 00:26:47.400 your life that you can change. Everybody wants to focus 455 00:26:47.480 --> 00:26:50.440 on things a million miles away that they can't do 456 00:26:50.559 --> 00:26:53.720 anything about, which, by the way, isn't is a leftist mindset. 457 00:26:55.920 --> 00:26:59.160 It's a leftist mindset to you know, you're a gamer 458 00:26:59.319 --> 00:27:02.039 in you're obsessed with what's happening in the Middle East. 459 00:27:04.519 --> 00:27:05.880 What does that have to do with your day to 460 00:27:05.960 --> 00:27:10.640 day life. Are you actually starting a business, are you 461 00:27:10.799 --> 00:27:14.079 actually making money preparing for having a family. No, you've 462 00:27:14.200 --> 00:27:20.359 adopted a demoralized mindset, a childish, immature, neotany based mindset 463 00:27:20.440 --> 00:27:23.279 where you think that you can retreat into the fantasy 464 00:27:23.319 --> 00:27:24.759 worlds and just whine and bitch all day. 465 00:27:28.440 --> 00:27:32.799 Adding up the trians of investment in America and the 466 00:27:32.960 --> 00:27:36.759 United States, and it's also reported today in the papers 467 00:27:36.880 --> 00:27:40.640 that Saudi Arabia will be investing at least six hundred 468 00:27:40.720 --> 00:27:43.720 billion dollars in America. But I'll be asking the Crown Prince, 469 00:27:43.720 --> 00:27:47.000 who's a fantastic guy, to round it out to around 470 00:27:47.079 --> 00:27:49.200 one tree. And I think they'll do that because we've 471 00:27:49.240 --> 00:27:52.519 been very good to them. And I'm also going to 472 00:27:52.640 --> 00:27:55.720 ask Saudi Arabia and Opek to bring down the cost 473 00:27:55.799 --> 00:27:56.200 of oil. 474 00:27:56.400 --> 00:27:57.400 You got to bring it down. 475 00:27:58.240 --> 00:27:58.359 Now. 476 00:27:59.400 --> 00:28:01.440 This is interesting that he mentioned this because this is 477 00:28:01.519 --> 00:28:04.079 part of the debate on Twitter in regard to the 478 00:28:04.160 --> 00:28:06.240 Middle East and the British Empire and oil in Israel, 479 00:28:07.680 --> 00:28:14.839 because I don't recall all the details, but it's Ngdahl 480 00:28:14.960 --> 00:28:18.599 has a great analysis, a great chapter explaining how the 481 00:28:19.200 --> 00:28:24.079 nineteen seventies oil crisis was organized by Kissinger at Bieberg 482 00:28:24.920 --> 00:28:28.960 via Opek to essentially set up the petro dollar. But 483 00:28:29.039 --> 00:28:32.920 the petro dollar is based on this globalized oil market 484 00:28:33.440 --> 00:28:38.559 that relies on places like Saudi Arabia. So my assumption 485 00:28:38.759 --> 00:28:44.519 being that that allows a lot of control for that 486 00:28:44.640 --> 00:28:47.200 we help. This is part of how we control Saudi Arabia, 487 00:28:48.000 --> 00:28:49.440 and that the deal is that we buy the oil 488 00:28:49.519 --> 00:28:54.079 from them, but we don't need that right, we could 489 00:28:54.119 --> 00:28:56.799 have been completely energy independent. We don't have to. But 490 00:28:56.920 --> 00:29:00.519 this is all architect This is all organized set up 491 00:29:00.599 --> 00:29:05.160 by global elites in that architecture of control, creating an 492 00:29:05.240 --> 00:29:10.559 intentional empire where the American economy is outsourced. It has 493 00:29:10.640 --> 00:29:14.640 turned into a service based economy except for tech. That's 494 00:29:14.640 --> 00:29:17.920 the only thing that was allowed to remain. And then 495 00:29:17.960 --> 00:29:19.799 we rely on all this stuff that we don't even 496 00:29:19.880 --> 00:29:22.720 need to rely on. But that was all done on purpose, 497 00:29:22.920 --> 00:29:27.759 because of a fabian socialist technocrat agenda to create a 498 00:29:28.119 --> 00:29:36.839 world globalized market in society, global citizens. But it's done 499 00:29:36.880 --> 00:29:41.079 by design. And so when Kissinger is doing all this, 500 00:29:41.559 --> 00:29:43.519 he's doing this at the behest of the people who 501 00:29:43.599 --> 00:29:46.440 recruited him and put him in that position. The Rockfaller 502 00:29:46.519 --> 00:29:51.519 family on record by design admitted one hundred times over 503 00:29:51.799 --> 00:29:56.279 in the writings, so we know that whatever he's engineering 504 00:29:56.359 --> 00:29:59.200 has nothing to do with what's good for the West 505 00:29:59.440 --> 00:30:03.799 or Nation States. They moved the West out of a 506 00:30:03.960 --> 00:30:07.799 production economy. That was that was decided upon the nineteen 507 00:30:07.880 --> 00:30:12.839 twenties at Pratt House, at the creation of the Council 508 00:30:12.880 --> 00:30:16.319 form Relations. They decided, we want an American imperium and 509 00:30:16.359 --> 00:30:18.839 we're going to get rid of the isolationists. That was 510 00:30:18.920 --> 00:30:21.400 part of the reason for the wars, because we had 511 00:30:21.440 --> 00:30:26.400 to be involved in these European conflicts by design. And 512 00:30:26.480 --> 00:30:30.640 that was what the Milner Fabian circles decided when they 513 00:30:30.839 --> 00:30:33.799 sent the British, the British spies to set up the 514 00:30:33.880 --> 00:30:36.240 OSS and the CIA. That would be the means by 515 00:30:36.279 --> 00:30:40.559 which America would be underneath a shadow government and not 516 00:30:40.680 --> 00:30:45.599 the elected officials. So people expect that, oh, we're going 517 00:30:45.680 --> 00:30:47.440 to have like Trump's going to save the day, or 518 00:30:47.519 --> 00:30:49.960 he's a villain. If he doesn't do everything perfectly, or 519 00:30:50.000 --> 00:30:52.440 if everything doesn't happen right away, then they're all villains 520 00:30:52.440 --> 00:30:54.640 and they're all fakes, and it's all compromised. Look, the 521 00:30:54.720 --> 00:30:58.079 whole world of politics is compromised. That's it. That's how 522 00:30:58.160 --> 00:30:59.039 it functions. 523 00:31:00.720 --> 00:31:01.759 It's the out of the deal. 524 00:31:02.279 --> 00:31:06.920 Now. If Fabian socialism and all this nonsense, it took 525 00:31:06.960 --> 00:31:09.039 one hundred plus years to get America to where it 526 00:31:09.200 --> 00:31:13.240 is down the drain. It's gonna be a hard way 527 00:31:13.759 --> 00:31:16.279 and probably a long time to get out of that. 528 00:31:16.720 --> 00:31:20.240 It is possible, but you're gonna have to deal with 529 00:31:20.319 --> 00:31:22.119 the Federal Reserve. You're gonna have to deal with that 530 00:31:22.480 --> 00:31:26.400 entity which controls and destroys the currency and the country primarily, 531 00:31:27.279 --> 00:31:30.920 and the idea of bringing back industry and this kind 532 00:31:30.920 --> 00:31:33.000 of stuff, which is what Trump's trying to do. So 533 00:31:34.079 --> 00:31:35.680 he's saying a lot of the right things, a lot 534 00:31:35.720 --> 00:31:37.680 of the right rhetic rhetoric. The first few days we 535 00:31:37.799 --> 00:31:43.880 have a much stronger presence in executive order roll out 536 00:31:44.519 --> 00:31:46.559 than anything close to what we had in the first 537 00:31:46.599 --> 00:31:49.920 four years of Trump. So it remains to be seen. 538 00:31:50.079 --> 00:31:55.039 But it doesn't really matter whether Trump himself is ultimately 539 00:31:55.960 --> 00:31:57.920 a bad guy or a good guy. It's just so 540 00:31:58.200 --> 00:32:00.920 annoying and all everybody ever wants to do is debate 541 00:32:02.000 --> 00:32:07.240 individuals and their motives. Get away from that mindset. That's 542 00:32:07.279 --> 00:32:10.319 why people lose all the debates that they have with me, 543 00:32:10.519 --> 00:32:12.960 for example. They always want to make it a personal thing. 544 00:32:13.000 --> 00:32:14.640 They want to make it about this or that. None 545 00:32:14.680 --> 00:32:17.240 of that has anything to do with the issues and 546 00:32:17.599 --> 00:32:23.680 the reality on the ground. So it's probably going to 547 00:32:23.680 --> 00:32:27.599 be decades before we undo a lot of these evil 548 00:32:27.680 --> 00:32:31.119 actions of the global elite, and it's going to be 549 00:32:31.200 --> 00:32:33.640 decades before we move over to the window back in 550 00:32:33.680 --> 00:32:35.920 the other direction, where more and more things can be 551 00:32:36.039 --> 00:32:40.880 talked about that. You still probably can't talk about Jay. 552 00:32:40.920 --> 00:32:42.759 Have you done it analysis the movie The Good Shepherd. 553 00:32:43.680 --> 00:32:46.160 I think we've talked about it on some live streams, 554 00:32:46.200 --> 00:32:48.279 but I haven't done a total breakdown. It's a really 555 00:32:48.640 --> 00:32:51.480 I mean, it's good. It's kind of accurate about the 556 00:32:51.519 --> 00:32:54.000 history of the OSS and Yale University and Skull and 557 00:32:54.079 --> 00:32:57.880 Bones and how the early people recruited in the OSS, 558 00:32:58.200 --> 00:32:59.839 that it was set up by British intelligence. All that's 559 00:33:00.119 --> 00:33:02.400 the movie. And you even have the skull and Bones, 560 00:33:02.519 --> 00:33:04.319 like you know, peeing on each other and all the 561 00:33:04.359 --> 00:33:11.400 weird hamo erotic stuff. But uh, it's also a pretty 562 00:33:11.440 --> 00:33:15.079 boring movie. Light two dollars. What do you think of 563 00:33:15.079 --> 00:33:17.559 Albert Parke's World War II prediction? I think it's probably 564 00:33:17.599 --> 00:33:18.160 not authentic. 565 00:33:18.880 --> 00:33:21.680 We'll frankly, I'm surprised they didn't do before the election. 566 00:33:21.839 --> 00:33:24.480 That didn't show a lot of love by them not 567 00:33:24.599 --> 00:33:27.240 doing it. I was a little surprised by that if 568 00:33:27.319 --> 00:33:30.759 the price came down, the Russia Ukraine war would end immediately. 569 00:33:31.559 --> 00:33:33.720 Right now, the price is high enough that that war 570 00:33:33.799 --> 00:33:35.960 will continue. You've got to bring down the oil price. 571 00:33:36.000 --> 00:33:38.400 You're going to end that war. They should have done 572 00:33:38.440 --> 00:33:42.839 it long ago. They're very responsible actually to a certain extent, 573 00:33:42.960 --> 00:33:46.119 for what's taking place. Millions of lives are being lost 574 00:33:46.759 --> 00:33:49.920 with oil prices going down. I'll demand that interest rates 575 00:33:50.000 --> 00:33:53.240 drop immediately, and likewise they should be dropping all over 576 00:33:53.319 --> 00:33:53.680 the world. 577 00:33:53.839 --> 00:33:56.640 Interest rates should follow us all over. 578 00:33:56.839 --> 00:34:00.799 The progress that you're seeing is happening because of our 579 00:34:00.960 --> 00:34:05.160 historic victory in a recent presidential election, one that has 580 00:34:05.279 --> 00:34:08.239 become quite well known throughout the world. I think a 581 00:34:08.320 --> 00:34:10.320 lot of things are happening to a lot of countries. 582 00:34:10.800 --> 00:34:13.599 They say that there's light shining all over the world 583 00:34:13.719 --> 00:34:17.519 since the election, and even countries that we aren't particularly 584 00:34:17.639 --> 00:34:22.920 friendly with are happy because they understand what there is 585 00:34:23.000 --> 00:34:25.440 a future and how great the future will be under 586 00:34:25.480 --> 00:34:26.159 our leadership. 587 00:34:26.679 --> 00:34:29.000 America is back and open for business. 588 00:34:29.159 --> 00:34:32.360 And this week I'm also taking swift action to stop 589 00:34:32.440 --> 00:34:35.880 the invasion at our southern border. They allowed people to 590 00:34:35.960 --> 00:34:38.639 come in at levels that nobody's ever seen before. 591 00:34:38.639 --> 00:34:43.119 It was ridiculous. I decided and declared to do. 592 00:34:44.920 --> 00:34:48.440 And very very importantly, and national emergency on our border 593 00:34:48.519 --> 00:34:52.440 immediately halted all entry of illegal border crossers. 594 00:34:53.320 --> 00:34:55.599 So this is all pretty good. I mean, hope hopefully 595 00:34:55.679 --> 00:35:00.760 this all do something. I mean, remember when a Chuck Schumer. 596 00:35:00.800 --> 00:35:05.400 So there's eleven million. I mean, can we is that 597 00:35:05.599 --> 00:35:09.440 possible to to port? I mean, I don't know what's 598 00:35:09.480 --> 00:35:11.800 going on? And then you have all these missing young people. 599 00:35:12.519 --> 00:35:15.920 You can guess what I'm talking about that Lord Boldemort's 600 00:35:15.960 --> 00:35:18.760 been talking about. I mean, hopefully we can get on 601 00:35:18.840 --> 00:35:21.599 all of this. I mean, what's the purpose of the 602 00:35:21.639 --> 00:35:23.480 military if it is not to do that? I mean, 603 00:35:23.519 --> 00:35:25.400 that's the whole purpose of having the military is this 604 00:35:25.559 --> 00:35:29.400 kind of stuff. So it's not to be a world 605 00:35:29.480 --> 00:35:34.400 empire fighting for the fortune one hundred and for certain 606 00:35:34.440 --> 00:35:37.239 countries in the Middle East to do everyone else's bidding. 607 00:35:37.519 --> 00:35:39.719 So that's not the purpose of our military. 608 00:35:40.519 --> 00:35:45.000 So many and again properly returning the illegal trespasses back 609 00:35:45.039 --> 00:35:47.840 to the place from which they came. That action, as 610 00:35:47.920 --> 00:35:51.800 you've probably seen, has already started very strongly. Have deployed 611 00:35:52.519 --> 00:35:56.079 active duty US military and National Guide troops to the 612 00:35:56.159 --> 00:35:59.599 border to assist in repelling the invasion. 613 00:35:59.679 --> 00:36:02.840 It was really an invasion. We will not allow our 614 00:36:02.960 --> 00:36:04.559 territory to be violated. 615 00:36:04.719 --> 00:36:08.960 After four long years, the United States is strong and 616 00:36:09.679 --> 00:36:13.199 sovereign and a beautiful nation. Once again, it's a strong 617 00:36:13.800 --> 00:36:17.840 sovereign nation in addition on police to report that America 618 00:36:17.960 --> 00:36:21.199 is also a free nation once again. When day one, 619 00:36:21.280 --> 00:36:24.920 I signed an executive order to stop all government censorship. 620 00:36:25.400 --> 00:36:28.440 No longer will our government label the speech of our 621 00:36:28.480 --> 00:36:32.239 own citizens as misinformation or disinformation. 622 00:36:34.440 --> 00:36:38.599 Now everyone's going to say, except for Middle Eastern countries, 623 00:36:38.840 --> 00:36:44.320 that applies now. Again. Not everything is going to happen immediately. 624 00:36:44.559 --> 00:36:47.639 You're not going to get everything that you want in politics, 625 00:36:47.920 --> 00:36:51.920 day one, people have to make compromises. I'm not saying 626 00:36:51.960 --> 00:36:55.440 that's good. We're not talking about ethics and good and bad. 627 00:36:55.559 --> 00:36:58.000 This is what a lot of immature, low tier people 628 00:36:58.159 --> 00:37:02.599 do when they analyze geopology, tics, or even politics. They 629 00:37:02.719 --> 00:37:05.280 think of it in a very simplistic good guy, bad 630 00:37:05.360 --> 00:37:09.039 guy way, and everything is all or nothing. So there's 631 00:37:09.079 --> 00:37:11.119 no such thing as compromised. There's no such thing as 632 00:37:11.159 --> 00:37:15.119 getting fifty percent of your agenda, don twenty percent, eighty percent. 633 00:37:15.280 --> 00:37:17.800 It's either all or nothing. You either get everything done 634 00:37:17.840 --> 00:37:20.519 and you do everything perfectly, or you're all co opted 635 00:37:20.599 --> 00:37:23.559 part of the vast malicious conspiracy. You're all evil. People 636 00:37:23.719 --> 00:37:27.280 are a spectrum, okay, and they're all on the spectrum, 637 00:37:27.320 --> 00:37:29.079 and all of you and the audience are on the spectrum, 638 00:37:29.159 --> 00:37:32.440 just joking. People are a spectrum. They're not all bad 639 00:37:32.559 --> 00:37:35.519 and they're not all good. Some people are way more 640 00:37:35.639 --> 00:37:38.360 malicious and evil than they are virtuous, since some people 641 00:37:38.360 --> 00:37:40.679 are way more virtuous than they are evil or malicious, 642 00:37:40.760 --> 00:37:44.960 So there's a vast spectrum here. But many people in 643 00:37:45.039 --> 00:37:47.639 the alternative media, in the conspiracy world, for them, everything 644 00:37:47.760 --> 00:37:50.239 is black and white, everything is purity spiraling. Everything is 645 00:37:50.320 --> 00:37:55.280 you either do and say everything that our group over 646 00:37:55.320 --> 00:37:57.840 here thinks is the perfect way to do it, or 647 00:37:57.920 --> 00:38:02.840 you're compromised and you're evil. And again, in the real world, 648 00:38:02.880 --> 00:38:09.159 it's not that way. Even just from our philosophy of ethics, 649 00:38:10.239 --> 00:38:13.199 we know that not everybody is completely malicious and evil, 650 00:38:14.679 --> 00:38:16.559 and so it's almost kind of a gnostic man of 651 00:38:16.639 --> 00:38:19.920 Keenan mindset that you're either in my pure group of 652 00:38:20.159 --> 00:38:25.920 the children of light, or you're in the duality opposite 653 00:38:26.599 --> 00:38:29.840 dialectic of all the suns of darkness, right, and that's it. 654 00:38:30.159 --> 00:38:33.440 There's no such thing as people who are virtuous but 655 00:38:33.519 --> 00:38:36.920 have some vices, or full of vice but have maybe 656 00:38:36.960 --> 00:38:40.440 one or two virtues. So I think it's better to 657 00:38:40.519 --> 00:38:43.320 stop thinking of everything in terms of these all or 658 00:38:43.360 --> 00:38:46.760 nothing situations. It's also really immature and stupid to think 659 00:38:46.800 --> 00:38:50.079 about everyone in media or everybody in the alternative media 660 00:38:50.519 --> 00:38:53.639 being agents and being part of a conspiracy. That's really stupid. 661 00:38:53.679 --> 00:38:57.599 It's not even necessary. For example, remember the vegan stuff, 662 00:38:57.639 --> 00:39:01.159 Remember that was being promoted, and Tristan called attention to 663 00:39:01.239 --> 00:39:02.880 this a while back, and he had a great point, 664 00:39:02.920 --> 00:39:05.960 which was, you didn't you didn't have to have people 665 00:39:06.000 --> 00:39:10.440 recruited into some network and you know, made agents or 666 00:39:10.480 --> 00:39:12.599 something like that. You only had to have like a 667 00:39:12.679 --> 00:39:16.599 few thousand dollars given to these idiot YouTuber influencers to 668 00:39:16.800 --> 00:39:20.079 push veganism. And like he was using examples of like 669 00:39:20.159 --> 00:39:23.880 Earthling Ad and these kinds of people who Saudi billionaires 670 00:39:23.920 --> 00:39:26.840 were giving i don't know, two thousand, five thousand dollars 671 00:39:26.920 --> 00:39:27.840 too or whatever it was. 672 00:39:27.960 --> 00:39:31.840 To allegedly allegedly. 673 00:39:31.800 --> 00:39:36.400 To promote you know, veganism and this kind of diet stuff. 674 00:39:37.199 --> 00:39:41.239 And remember well I won't talk about that, but koof 675 00:39:41.440 --> 00:39:49.599 times we had similar stuff. So things are a little 676 00:39:49.719 --> 00:39:53.800 i would say, simpler a lot of times than people 677 00:39:53.960 --> 00:39:58.400 in the conspiracy alternative media world. They overanalyze and everything 678 00:39:58.840 --> 00:40:03.519 is seen as six hundred sixty six dimensional chess, which 679 00:40:03.519 --> 00:40:05.480 is precisely why some of those people fell for that 680 00:40:05.679 --> 00:40:10.599 Q nonsense, which was idiotic, because these people are not 681 00:40:10.760 --> 00:40:14.039 all operating at every second on a six hundred and 682 00:40:14.039 --> 00:40:17.119 sixty six dimensional chess move, okay. 683 00:40:18.880 --> 00:40:22.119 Which your favorite work of sensors and those who wish 684 00:40:22.239 --> 00:40:26.239 to stop the free exchange of ideas and frankly progress, 685 00:40:27.079 --> 00:40:30.920 we have saved free speech in America and was really 686 00:40:30.960 --> 00:40:33.960 paying the difference at that time, and it was unfair 687 00:40:34.039 --> 00:40:36.760 to the United States, but many, many things have been 688 00:40:36.920 --> 00:40:41.039 unfair for many years to the United States. Before even 689 00:40:41.159 --> 00:40:44.800 taking office, my team negotiated a ceasefire agreement in the 690 00:40:44.840 --> 00:40:48.639 Middle East, which wouldn't have happened without us, as I 691 00:40:48.719 --> 00:40:51.400 think most of the people in the room now. Earlier 692 00:40:51.480 --> 00:40:55.519 this week, the hostages began to return to their families. 693 00:40:55.639 --> 00:40:58.880 They are returning and it's a beautiful site and they'll 694 00:40:58.880 --> 00:40:59.760 be coming in more. 695 00:40:59.800 --> 00:41:02.599 And or they started coming back on Sunday. 696 00:41:03.119 --> 00:41:06.000 Our efforts to secure a peace settlement between Russia and 697 00:41:06.199 --> 00:41:06.960 Ukraine are. 698 00:41:07.400 --> 00:41:10.760 Now hopefully under By skipping a term, I would get 699 00:41:10.800 --> 00:41:11.320 the Olympics. 700 00:41:11.360 --> 00:41:12.039 I was upset. 701 00:41:12.239 --> 00:41:14.599 I said, you know, I got the Olympics to come, 702 00:41:14.679 --> 00:41:17.039 and I thank everybody for being with you. 703 00:41:17.079 --> 00:41:17.960 I would have been there. 704 00:41:17.840 --> 00:41:25.880 Myself to see you. We are Book of the Mark Armies. 705 00:41:26.840 --> 00:41:28.159 Was that all there was to it? I thought there 706 00:41:28.239 --> 00:41:31.440 was more to this. Let me see does he come 707 00:41:31.519 --> 00:41:32.360 back and we'll see. 708 00:41:35.360 --> 00:41:44.719 So also, connel with some of the most distinguished business 709 00:41:44.800 --> 00:41:46.079 people in the world. 710 00:41:46.639 --> 00:41:50.039 Let me start with someone that you know really well, 711 00:41:50.519 --> 00:41:52.360 that I think is almost. 712 00:41:52.079 --> 00:41:57.800 A neighbor of you in Malorado and in Florida, mister 713 00:41:58.119 --> 00:42:02.960 Steve Schwartzman, Chairman, CEO and co formder Blackstone Group. 714 00:42:03.400 --> 00:42:09.000 So Steve Floris yours well, mister President. 715 00:42:10.840 --> 00:42:13.880 I'm sure the Crown Prince of Saudi Arabia will be 716 00:42:14.000 --> 00:42:15.320 really glad you gave. 717 00:42:15.280 --> 00:42:25.480 This speech today. You've had the busiest for the EU 718 00:42:26.480 --> 00:42:27.760 ways that it takes. 719 00:42:28.079 --> 00:42:29.920 And I'm going to give you a quick little example 720 00:42:30.480 --> 00:42:33.360 in the private life, my beautiful private life. Before I 721 00:42:33.400 --> 00:42:37.159 had all these things happening, the world is a little different, 722 00:42:37.679 --> 00:42:38.000 all right. 723 00:42:38.320 --> 00:42:40.199 So a twenty minute speech and then Q and A. 724 00:42:40.280 --> 00:42:41.679 I'm not gonna do all this Q and A. That's 725 00:42:41.800 --> 00:42:49.400 gonna put me to sleep with this boomer stuff. By 726 00:42:49.400 --> 00:42:51.719 the way, I'm still kind of sick. So if you 727 00:42:51.800 --> 00:42:54.800 see me blow my nose like that guy that commented, Oh, 728 00:42:54.880 --> 00:42:55.440 we got him. 729 00:42:55.440 --> 00:42:57.840 Who's a coked. Who's a coked. 730 00:42:58.599 --> 00:43:03.400 It's called espresso doll, and it's called having a coal man. 731 00:43:05.320 --> 00:43:05.519 I like. 732 00:43:05.599 --> 00:43:09.320 See, that's a great example, right, So if I sniff 733 00:43:09.400 --> 00:43:14.880 a lot and if I blow my nose, that clearly 734 00:43:15.000 --> 00:43:18.880 must be that he's some sort of cokehead. When everybody 735 00:43:19.000 --> 00:43:22.039 watched these streams knows that I have terrible allergies and 736 00:43:22.159 --> 00:43:25.239 I had a coal for the last two weeks and 737 00:43:25.320 --> 00:43:28.280 it's messed up my impressions. So you see, you'll notice 738 00:43:28.320 --> 00:43:32.400 then the default to assuming the worst about people. And 739 00:43:33.079 --> 00:43:35.480 while we should have, as the actually the saints and 740 00:43:35.559 --> 00:43:42.320 elders talk about this, we should have a discerning, reserved 741 00:43:42.599 --> 00:43:45.039 attitude about a lot of things, especially in the modern world. 742 00:43:46.039 --> 00:43:49.679 To be overly suspicious and to assume everyone is malicious 743 00:43:49.840 --> 00:43:53.320 is actually a demonic attitude. So keep that in mind 744 00:43:54.039 --> 00:43:57.199 that it's actually the work of the demons to get 745 00:43:57.239 --> 00:44:00.920 you to think that everyone's malicious and everyone's evil and 746 00:44:00.920 --> 00:44:02.639 everyone's out to get you. And the ultimate end of 747 00:44:02.679 --> 00:44:06.599 that is like some sort of paranoid schizophrenia. So that's 748 00:44:06.880 --> 00:44:12.039 the extreme result of the of the idea that everyone's evil, 749 00:44:12.119 --> 00:44:14.639 everyone's bad. Everyone's out to get you, everyone's scamming you, 750 00:44:14.679 --> 00:44:17.920 everyone's lying to you. I mean literally, the most extreme 751 00:44:18.000 --> 00:44:22.119 version of that is a hardcore mental disorder. This is 752 00:44:22.199 --> 00:44:27.280 why people have tended to say about conspiracy theorists that 753 00:44:27.599 --> 00:44:33.400 they have this problem. And although not every conspiracy theorist 754 00:44:33.400 --> 00:44:36.599 has this problem, you could see how an extreme version 755 00:44:36.639 --> 00:44:38.840 of that could lead to that delusion. And it is 756 00:44:38.920 --> 00:44:42.000 a delusion. It's a spiritual delusion because it doesn't match 757 00:44:42.079 --> 00:44:45.199 up to reality. Not everyone is out to get you, 758 00:44:45.360 --> 00:44:48.519 not everyone is a scammer, not everyone is malicious, not 759 00:44:48.639 --> 00:44:51.320 everyone's evil, Not everyone's part of a bass conspiracy to 760 00:44:51.519 --> 00:44:55.320 screw you over and keep you working at Pizza Hut 761 00:44:56.599 --> 00:45:02.719 or Walmart. There are conspiracies, there are problems in the world. 762 00:45:02.760 --> 00:45:08.320 There are espionage entities working to subvert there are corporate spies, 763 00:45:08.400 --> 00:45:11.920 there are CIA operatives, but they don't run everything in 764 00:45:11.960 --> 00:45:12.239 the world. 765 00:45:12.239 --> 00:45:12.880 They're not God. 766 00:45:13.440 --> 00:45:16.760 And so it's just really stupid, and it's you are 767 00:45:16.840 --> 00:45:20.840 your own worst enemy when you allow conspiracy theories and 768 00:45:21.039 --> 00:45:25.559 dark topics and subjects to dominate your thought process. And 769 00:45:27.840 --> 00:45:30.280 just keep that in mind. And Tony sends five pounds. 770 00:45:30.320 --> 00:45:33.440 I'm new to bitcoin. The EU will shortly come after 771 00:45:33.599 --> 00:45:36.920 self custody and while it's in exchanges on the basis 772 00:45:37.000 --> 00:45:39.519 of privacy. Do you have advice for those in the 773 00:45:39.559 --> 00:45:43.800 EU or companies that you know working us EU. I 774 00:45:43.920 --> 00:45:46.719 don't know about EU stuff or what they're going to 775 00:45:46.880 --> 00:45:48.880 try to do, but I would say go ahead and 776 00:45:48.920 --> 00:45:51.239 stack as much as you can and move it to 777 00:45:51.440 --> 00:45:56.760 a cold, cold storage before they try to do all that. 778 00:45:57.360 --> 00:45:59.679 But even if they do put into into play a 779 00:45:59.719 --> 00:46:04.679 lot of KYC, I mean, you can still try to 780 00:46:04.960 --> 00:46:07.480 keep buying it. Now, this guy had a great This 781 00:46:07.679 --> 00:46:10.360 was actually a really genius I don't think he came 782 00:46:10.440 --> 00:46:12.920 up with it, but somebody told him about this. And 783 00:46:13.559 --> 00:46:15.800 if you think about it, wait a minute, this is 784 00:46:15.880 --> 00:46:19.719 actually pretty genius and it's kind of obvious. I don't 785 00:46:19.719 --> 00:46:21.519 know why nobody even thought of it. Probably people did 786 00:46:21.599 --> 00:46:24.119 think of this, But what he says here in these 787 00:46:24.159 --> 00:46:30.400 first couple of minutes is a interesting thing to keep 788 00:46:30.440 --> 00:46:33.400 in mind. This was an interesting when I saw. 789 00:46:36.039 --> 00:46:39.199 This was an interesting thing that I saw today. He's 790 00:46:39.280 --> 00:46:39.920 on Twitter. 791 00:46:43.480 --> 00:46:45.000 And it said, did you know. 792 00:46:47.239 --> 00:46:51.239 You can put bitcoin on a wallet and just hand 793 00:46:51.320 --> 00:46:53.960 that wallet over to somebody with the pen as a 794 00:46:54.039 --> 00:46:55.840 form of payment with no taxes. 795 00:46:58.400 --> 00:47:03.239 Did you catch that? Now you're responsible for what you report. 796 00:47:03.440 --> 00:47:06.199 I'm not telling you to do anything illegal, but it's 797 00:47:06.320 --> 00:47:10.639 kind of the same principle as cash payments. Right, somebody 798 00:47:10.719 --> 00:47:12.880 works for you, you pay them in cash. 799 00:47:13.239 --> 00:47:13.360 Right. 800 00:47:16.559 --> 00:47:20.679 Hello, do you guys get what he's saying? And it said, 801 00:47:21.039 --> 00:47:21.360 did you. 802 00:47:21.440 --> 00:47:27.480 Know you can put bitcoin on a wallet and just 803 00:47:27.559 --> 00:47:30.360 hand that wallet over to somebody with the pen as 804 00:47:30.400 --> 00:47:32.400 his form of payments with no taxes? 805 00:47:35.679 --> 00:47:35.920 Hello? 806 00:47:37.519 --> 00:47:40.119 Now, I'm not telling you to do that, and I 807 00:47:40.280 --> 00:47:45.519 pay crazy ass taxes every year, but it's no different 808 00:47:45.639 --> 00:47:51.480 than cash payment. JV three two dollars. Hey, Jamie, triple espresso. 809 00:47:53.039 --> 00:47:55.639 Give it to Jay now he needs it. I've had 810 00:47:55.719 --> 00:47:57.920 quite a few espressos today. Jamie's not here right now, 811 00:47:58.039 --> 00:48:02.480 so maybe ghost of Jamie could bring me an expresso. 812 00:48:04.519 --> 00:48:06.559 Nathan kurt sins five dollars. When was the last time 813 00:48:06.599 --> 00:48:11.920 you watched Wanted? Is that that one with? Is it 814 00:48:12.039 --> 00:48:20.320 James McAvoy and Angelina Joe Lee. It's a fun, dumb 815 00:48:20.400 --> 00:48:24.119 movie with MK assassin's and prominent Christian symbolism. It's a 816 00:48:24.239 --> 00:48:28.239 reddit nerd nerd rage movie. Yeah, it has probably been 817 00:48:28.280 --> 00:48:30.000 about ten years since I watch it, but I do 818 00:48:30.159 --> 00:48:32.760 remember some of those themes. Maybe that's something that we 819 00:48:32.840 --> 00:48:37.079 should check out again. Brandon gear Since five dollars, what's 820 00:48:37.079 --> 00:48:39.239 the correct response to seculars who try to say in 821 00:48:39.280 --> 00:48:42.679 guilt of Christians by saying, if Jesus is now here 822 00:48:42.840 --> 00:48:48.039 you he wouldn't he would have been deported. Well, it's dumb, 823 00:48:48.159 --> 00:48:52.000 because Jesus is the son of God. So no, the 824 00:48:52.079 --> 00:48:57.360 son of God has authority both spiritually and timborely above 825 00:48:57.480 --> 00:49:01.559 any president or ruler, but it has nothing to do 826 00:49:01.960 --> 00:49:06.880 so Israel had laws for visitors, for foreigners, and it 827 00:49:07.000 --> 00:49:11.360 had laws for maintaining the nation state. So it's really 828 00:49:11.519 --> 00:49:16.000 ignorance when leftists try to use the Bible or anything 829 00:49:16.159 --> 00:49:21.159 like this for no borders. I mean, it's just nonsense. 830 00:49:21.199 --> 00:49:26.159 It's completely idiotic, and it's totally ignorant of history. I mean, 831 00:49:26.239 --> 00:49:28.159 why would there be so many laws about how to 832 00:49:28.199 --> 00:49:30.400 treat the foreigners and you have to actually treat them fairly. 833 00:49:31.000 --> 00:49:33.599 The foreigner can't come into your land and do whatever 834 00:49:33.679 --> 00:49:35.880 he wants, like he can't come and start setting up 835 00:49:35.960 --> 00:49:40.320 worship of demons or whatever. But you can't just automatically, 836 00:49:40.519 --> 00:49:42.280 you know, get rid of them, or you have to 837 00:49:42.360 --> 00:49:46.840 treat them in a fair way. But that's presupposing that 838 00:49:47.119 --> 00:49:51.400 there is knowledge of and legal migration of those people. 839 00:49:51.800 --> 00:49:55.039 There's nothing in the notion of nation states. No nation 840 00:49:55.199 --> 00:49:59.960 state or empire in history has allowed unmitigated open borders 841 00:50:00.800 --> 00:50:04.079 that has always led to the collapse of countries. So 842 00:50:04.360 --> 00:50:07.599 it's just nonsense to think that the Bible somehow vindicates 843 00:50:07.679 --> 00:50:11.440 open borders when the entire history of Biblical history is 844 00:50:11.519 --> 00:50:16.559 based on legal theory that backs up nation states, empires, 845 00:50:16.599 --> 00:50:20.599 and civilization. It's total nonsense. In fact, all today's laws, 846 00:50:21.840 --> 00:50:25.440 like legal theory about borders and whatnot, comes out of 847 00:50:25.679 --> 00:50:30.000 Church law, comes out of biblical law, that is Western civilization. 848 00:50:31.239 --> 00:50:34.679 So all you have to do is just bury the 849 00:50:34.800 --> 00:50:41.039 leftist in his ignorance and idiocy by pointing out basic facts. 850 00:50:46.719 --> 00:50:51.360 I think I hit all the super chests there. Let's see, 851 00:50:51.480 --> 00:50:56.840 multiple people bought new memberships. Let's see or no, maybe 852 00:50:56.960 --> 00:51:02.119 did they didn't? End I miss that Holly is a member. 853 00:51:02.280 --> 00:51:07.800 Richard Lozano bought five memberships. I appreciate that. So we 854 00:51:07.880 --> 00:51:10.199 got twenty one new members. I'm about I'm at about 855 00:51:10.239 --> 00:51:13.880 two hundred members now, which is pretty crazy for you know, 856 00:51:14.000 --> 00:51:18.800 the last week and a half two weeks of being monetized. 857 00:51:19.760 --> 00:51:22.039 All right, so I remember, I'll be live tonight with 858 00:51:22.639 --> 00:51:27.559 stand up comedian Danny pouliz Shuk on his Low Value 859 00:51:27.719 --> 00:51:31.840 Male podcast at ten pm Eastern, and we're gonna get 860 00:51:31.840 --> 00:51:34.039 it over here to now. I thought about covering this, 861 00:51:34.199 --> 00:51:37.800 but it's off topic. But there ain't no way this 862 00:51:38.159 --> 00:51:47.079 goofy white woman stumbled into Mohammed and the Qur'an all 863 00:51:47.119 --> 00:51:51.679 this nonsense. This is a great example of in my opinion, 864 00:51:51.760 --> 00:51:53.880 I don't have proof of this, but my opinion is 865 00:51:54.000 --> 00:51:57.079 people that are like this woman that suddenly start promoting 866 00:51:57.239 --> 00:52:02.000 Islam or like the Tates did. They in my opinion, allegedly, 867 00:52:02.400 --> 00:52:05.480 they probably are paid to do this, So I don't 868 00:52:05.519 --> 00:52:11.639 know who. Maybe my suspicion is Saudi's are actually really 869 00:52:11.760 --> 00:52:14.280 paying and promoting a lot of the Salafi Islam all 870 00:52:14.320 --> 00:52:19.199 over the internet. They're probably putting money into it, and 871 00:52:19.320 --> 00:52:22.639 that's why so many of the apologists of Islam or 872 00:52:22.679 --> 00:52:27.159 all of these solofis like Jake and Daniel or whoever. 873 00:52:29.119 --> 00:52:32.400 But there's no way this goofuss woman here came to 874 00:52:32.480 --> 00:52:36.559 the conclusion on her own that Mohammed is prophesied in 875 00:52:36.639 --> 00:52:38.000 the Bible in the Book of John. I mean, you 876 00:52:38.119 --> 00:52:42.079 have to be completely ignorant to think that the passages 877 00:52:42.079 --> 00:52:45.400 about the Comforter in the Book of John are which 878 00:52:45.440 --> 00:52:47.840 are obviously about the Holy Spirit, which she just identifies 879 00:52:48.320 --> 00:52:51.280 multiple times over in those passages, that that's about Mohammed. 880 00:52:51.719 --> 00:52:55.079 I mean, this is so dumb that the only way 881 00:52:55.159 --> 00:52:56.920 to pass this off on people is that people are 882 00:52:56.960 --> 00:53:00.559 completely stupid, which is how it works. No way, this 883 00:53:00.719 --> 00:53:04.280 woman studied her way into like she was like, who 884 00:53:04.440 --> 00:53:10.000 is reading the Gospel of John and thanks, oh the Comforter, 885 00:53:10.239 --> 00:53:13.400 the one to come, that's the prop for Mohammed seven 886 00:53:13.480 --> 00:53:14.360 hundred years later. 887 00:53:14.559 --> 00:53:20.559 This is just mind bogglingly dumb, dude, It's amazing that. 888 00:53:20.639 --> 00:53:28.039 It even has to be responded to. If the Bible 889 00:53:28.159 --> 00:53:33.239 is corrupted, then it can't predict Mohammed. Dummies, this is 890 00:53:33.320 --> 00:53:35.599 that stupid. But you know this, You know this woman 891 00:53:35.679 --> 00:53:36.519 got paid to push this. 892 00:53:36.559 --> 00:53:40.519 Stuff, allegedly, allegedly. 893 00:53:40.159 --> 00:53:48.360 To use the Kat Williams impression fake out. By the way, 894 00:53:48.360 --> 00:53:50.719 if you don't follow me on Twitter, why not get 895 00:53:50.760 --> 00:54:01.079 over here, get over here, son right here. You know 896 00:54:01.199 --> 00:54:04.519 that you know she doesn't know anything, She's ain't No way, 897 00:54:04.559 --> 00:54:08.199 that just no way. She nobody studies their way into 898 00:54:08.280 --> 00:54:12.360 thinking that John fifteen sixteen fourteen ft six you're talking 899 00:54:12.360 --> 00:54:17.119 about Mom is so dumb? Like, what is your opinion 900 00:54:17.239 --> 00:54:21.320 on James Bonds on Her Majesty Secret Service movie and 901 00:54:21.400 --> 00:54:26.079 the similarities to the COUF. I talked about it, in fact, 902 00:54:26.159 --> 00:54:29.880 I've we did podcasts on that ages ago, not about 903 00:54:29.960 --> 00:54:33.440 coof but about stabbys. I think it's in my first 904 00:54:33.519 --> 00:54:37.320 book I talk about that. So you want my opinion 905 00:54:37.400 --> 00:54:44.480 on it? Get esoteric callywood one signed copies. Yeah, exactly. 906 00:54:44.599 --> 00:54:46.800 I think it's a grift for the three zero four's 907 00:54:46.840 --> 00:54:49.199 that are pushing Islam. Now. I think that makes a 908 00:54:49.239 --> 00:54:52.079 lot of sense. Now, let's kick off this next section 909 00:54:53.400 --> 00:54:56.360 with this brief intro, and then we'll get into it. 910 00:54:59.159 --> 00:54:59.880 With tragedy. 911 00:55:00.559 --> 00:55:06.599 Because people never had proper economic energy. We tried with gold, 912 00:55:06.800 --> 00:55:09.119 it never quite worked. I can give you a thousand 913 00:55:09.199 --> 00:55:13.400 examples of hyperinflation dating back to five hundred BC of 914 00:55:13.599 --> 00:55:14.920 money not quite working. 915 00:55:15.440 --> 00:55:18.599 Let me give you an example of low tier stupid 916 00:55:18.639 --> 00:55:22.039 people right now. If I play this Michael Sailor clip, 917 00:55:22.280 --> 00:55:24.320 I want to listen to what he's saying, what his 918 00:55:24.519 --> 00:55:28.440 arguments are. I don't care about Michael Saylor's motives. We're 919 00:55:28.519 --> 00:55:33.239 setting aside motives when we do analysis. So many of 920 00:55:33.320 --> 00:55:36.280 you are not good at debates or arguments or presenting 921 00:55:36.360 --> 00:55:42.920 your position because you can't divorce the situation, the issue, 922 00:55:43.599 --> 00:55:49.079 the topic of debate from the person, and most people 923 00:55:49.239 --> 00:55:53.639 can't do that. But it's a huge disadvantage in life 924 00:55:53.800 --> 00:55:57.320 and to you when you can't do that, because it 925 00:55:57.400 --> 00:55:59.960 means you're going to fall for all the wrong reas 926 00:56:00.519 --> 00:56:04.599 to like or dislike a person or listen to their arguments. 927 00:56:05.119 --> 00:56:07.719 So let's say, for the sake of argument, Michael Saylor 928 00:56:07.880 --> 00:56:13.000 is a total evil, cia operative, malicious person and he's 929 00:56:13.079 --> 00:56:18.440 up to no good. Okay, good, Now, let's hear what 930 00:56:18.559 --> 00:56:21.719 he's arguing and what his position is and why he 931 00:56:21.840 --> 00:56:24.679 thinks this or that, to see if the arguments stand 932 00:56:24.760 --> 00:56:29.840 on their own merit, regardless of his own motivations. Now, 933 00:56:29.960 --> 00:56:31.760 he's going to promote it because he believes in it. 934 00:56:31.920 --> 00:56:34.320 But what if he believes in it for malicious, bad reasons. Okay, 935 00:56:34.440 --> 00:56:37.679 let's say that that's true. Now let's move on too, 936 00:56:38.079 --> 00:56:41.280 whether the arguments are good, whether this makes sense, whether 937 00:56:41.320 --> 00:56:43.280 it matches up to the other things that we know 938 00:56:43.440 --> 00:56:47.440 about the history of money, the failures of monetary policy 939 00:56:47.480 --> 00:56:50.639 for all governments in the past, why at FIAT currencies 940 00:56:50.639 --> 00:56:53.480 always go to zero, and whether or not there's real 941 00:56:53.559 --> 00:56:56.840 possibilities here. Let's think about it from that perspective. I 942 00:56:57.000 --> 00:56:59.840 don't need and I don't care about all of your 943 00:57:00.280 --> 00:57:05.199 personal gripes and thoughts about Michael Saylor. If you don't 944 00:57:05.280 --> 00:57:08.639 know anything about crypto, if you're not actually successful in 945 00:57:08.800 --> 00:57:11.760 this domain, why do you think I would listen to you. 946 00:57:12.960 --> 00:57:14.920 This is a question that I was on a podcast 947 00:57:15.519 --> 00:57:17.239 for the first two hours. I got up this morning 948 00:57:17.679 --> 00:57:20.119 and we were talking about this, and we were talking 949 00:57:20.159 --> 00:57:22.320 about how everybody loves to pop off on everything and 950 00:57:22.400 --> 00:57:25.199 they know everything about every topic. If you didn't make 951 00:57:25.280 --> 00:57:28.400 money in crypto, or if you're not successful in making money, 952 00:57:28.559 --> 00:57:33.320 why would I listen to you about money. I'm being serious, 953 00:57:33.320 --> 00:57:34.920 I'm not being a dickhead. This isn't this is I 954 00:57:35.000 --> 00:57:37.599 want you to think about this. Would you go to 955 00:57:40.800 --> 00:57:43.119 a guy who is an idiot on your block that 956 00:57:43.239 --> 00:57:47.800 plays air guitar and he's gonna tell you everything. And 957 00:57:47.840 --> 00:57:50.960 there's dudes like this, right, like air guitar dudes that 958 00:57:51.079 --> 00:57:53.559 don't know how to play guitar. They've never played a guitar, 959 00:57:54.079 --> 00:57:57.840 but they have like every rock album and every metal album, 960 00:57:58.519 --> 00:58:00.679 and they know all about the band and all about 961 00:58:00.679 --> 00:58:03.559 their history. But they've never played an instrument and they 962 00:58:03.599 --> 00:58:06.480 don't know how. But they can tell you everything about 963 00:58:06.719 --> 00:58:11.159 music and who's good and who's bad because you don't 964 00:58:11.159 --> 00:58:16.519 even play the instruments. Doll or like sports dorks that 965 00:58:16.920 --> 00:58:21.119 know everything about stats and teams, but they're fat dudes 966 00:58:21.159 --> 00:58:28.440 that don't play basketball. And the point is not can 967 00:58:28.599 --> 00:58:30.480 they know about it without playing it. The point is 968 00:58:30.519 --> 00:58:33.920 that I'm not going to listen to you think about 969 00:58:34.000 --> 00:58:36.719 economics professors. And I remember this when I was in 970 00:58:36.800 --> 00:58:38.559 college and I came to this realization when I had 971 00:58:38.559 --> 00:58:41.039 an economics class, and I'm like, wait a minute, this 972 00:58:41.239 --> 00:58:44.800 professor makes this is in the two thousands, we'll say, 973 00:58:45.239 --> 00:58:48.760 fifty eighty thousand dollars a year teaching economics at the 974 00:58:48.840 --> 00:58:54.440 local university. Okay, that's that's not poverty, but that's like 975 00:58:54.639 --> 00:58:59.079 middle middle class, maybe now lower middle class. I don't 976 00:58:59.079 --> 00:59:03.599 even know what professor's mean nowadays. Okay, you're not successful 977 00:59:03.679 --> 00:59:08.119 in money, Why would I listen to you? You're gonna 978 00:59:08.159 --> 00:59:12.480 tell me about all the theories of Kangean economic theory 979 00:59:12.599 --> 00:59:16.360 and socialist economic theory and my mama, ma Bama. And 980 00:59:16.440 --> 00:59:19.039 you're gonna go get in uh a, you go and 981 00:59:19.199 --> 00:59:23.639 drive back to your apartment or whatever like you don't. 982 00:59:24.320 --> 00:59:27.440 If you've not had success in this domain, why would 983 00:59:27.440 --> 00:59:30.599 anyone listen to you popping off about all your knowing 984 00:59:30.679 --> 00:59:36.039 everything about it. So I'm not gonna listen to anyone. 985 00:59:36.119 --> 00:59:38.280 And by the way, I'm glad I didn't listen to 986 00:59:38.360 --> 00:59:41.960 all the idiots over the years who constantly told me 987 00:59:42.079 --> 00:59:44.079 what to do with my money and this and that. 988 00:59:46.599 --> 00:59:47.559 Bopa bitcoin. 989 00:59:47.960 --> 00:59:52.800 I remember there was tons of comments in twenty twenty two, 990 00:59:53.320 --> 00:59:59.880 bitcoin's going to zero in January Craig Wright, bitcoin will not. Well, 991 01:00:01.239 --> 01:00:05.559 it's going to zero, and he duped everybody that bought 992 01:00:05.599 --> 01:00:15.239 into that nonsense DSV. So you have to have some conviction, 993 01:00:15.440 --> 01:00:19.800 You have to have some You shouldn't listen to people 994 01:00:19.840 --> 01:00:22.920 who have not been successful. That's what I'm trying to say. 995 01:00:27.760 --> 01:00:30.159 And that's it's just a weird thing, like it's for 996 01:00:30.280 --> 01:00:34.599 some reason in say theology or in debate or logic 997 01:00:34.920 --> 01:00:39.800 or philosophy or maybe even economics, there's just this idea 998 01:00:40.199 --> 01:00:43.280 which is not true in any other domain, like if 999 01:00:43.320 --> 01:00:47.679 you wanted to get a bug sprayer or like an INtime, 1000 01:00:47.840 --> 01:00:50.760 like would you go ask your neighbor about how to 1001 01:00:50.800 --> 01:00:52.480 get rid of pests and bugs? Or would you ask 1002 01:00:52.519 --> 01:00:57.199 the bug spray like bug control people. Like in every 1003 01:00:57.239 --> 01:01:00.800 other domain, people go to people who have been successful 1004 01:01:00.880 --> 01:01:03.760 in it. But for some reason, in these other domains, 1005 01:01:03.840 --> 01:01:06.519 people think that no, every Internet goofball is who I 1006 01:01:06.519 --> 01:01:09.039 should listen to. It just doesn't make any sense. And 1007 01:01:09.159 --> 01:01:11.880 I guess the Internet actually is part of why it's 1008 01:01:11.920 --> 01:01:14.840 that way, because it gives everyone a voice. And I'm 1009 01:01:14.840 --> 01:01:16.599 not saying that's necessarily baut because there's pros and cons 1010 01:01:16.639 --> 01:01:19.159 to this, but everyone can have the appearance of being 1011 01:01:19.199 --> 01:01:22.639 an expert when they're not and they've not had any 1012 01:01:22.679 --> 01:01:24.960 success in these fields or in these domains, but they 1013 01:01:25.000 --> 01:01:27.039 can pretend that they are and play like they are. 1014 01:01:27.159 --> 01:01:32.400 And now freaking AI. And by the way, I've noticed this, 1015 01:01:33.559 --> 01:01:37.119 like multiple times now in the past couple weeks, right 1016 01:01:37.280 --> 01:01:40.880 where I'm say, I'm having a discussion with somebody on Twitter, 1017 01:01:42.079 --> 01:01:45.159 and I can recognize right away you're copying and pasting 1018 01:01:45.199 --> 01:01:47.800 the damn Grock responses. You don't know what you're even 1019 01:01:47.880 --> 01:01:50.599 talking about and I don't even care that you ask 1020 01:01:50.679 --> 01:01:53.480 a question to Grok right, like what year was Balfour 1021 01:01:53.559 --> 01:01:56.239 Declaration or something, right, and then it pops up the year. Yeah, 1022 01:01:56.280 --> 01:01:58.679 it makes sense, no different than doing a search on Google. 1023 01:01:59.119 --> 01:02:02.320 But all of these people are replacing actual education and 1024 01:02:02.440 --> 01:02:06.599 knowledge of domain topics with AI and it doesn't. It's 1025 01:02:06.639 --> 01:02:09.880 not gonna work, dummies, It doesn't. You can't. You might 1026 01:02:10.000 --> 01:02:12.440 fool other dummies, but you're not going to fool people 1027 01:02:12.480 --> 01:02:18.400 that know these topics, right, Like, if you've studied philosophy, 1028 01:02:18.960 --> 01:02:24.559 you can't grock your way through debating people on philosophy. 1029 01:02:24.719 --> 01:02:28.440 It's idiotic, Like that classical liberal dude last week that 1030 01:02:28.559 --> 01:02:30.960 was so stupid. It's like, did we can all tell 1031 01:02:31.199 --> 01:02:33.559 that you're just putting copy and pasting what you put 1032 01:02:33.599 --> 01:02:41.880 into groc Dummy, you can tell the groc speak. But look, uh, 1033 01:02:42.119 --> 01:02:43.719 you know there's always going to be people doing this, 1034 01:02:44.159 --> 01:02:48.039 and look, they're not going to be successful. That's the point. 1035 01:02:48.519 --> 01:02:53.159 You're not going to be successful faking it until you 1036 01:02:53.239 --> 01:02:54.199 make it necessarily. 1037 01:02:57.840 --> 01:03:01.079 For the first time in human history, we have invented 1038 01:03:01.239 --> 01:03:06.599 a technology that allows a human to tightly bind economic 1039 01:03:06.840 --> 01:03:10.639 energy to their person or for a corporation to tightly 1040 01:03:10.800 --> 01:03:15.320 bind economic energy to the corporation. What it means is 1041 01:03:15.639 --> 01:03:19.559 you don't have to suffer an early, painful economic death. 1042 01:03:19.960 --> 01:03:24.159 This person, Satoshi offered us this gift. The gift is 1043 01:03:25.079 --> 01:03:27.440 you get to own your own money and no one 1044 01:03:27.519 --> 01:03:28.639 can take it away from you. 1045 01:03:29.159 --> 01:03:30.719 You get to keep your life forced. 1046 01:03:30.760 --> 01:03:31.880 And what do I think will happen. 1047 01:03:32.480 --> 01:03:35.920 I think that companies life expectancy on the bitcoin standard 1048 01:03:36.000 --> 01:03:39.119 goes from ten years to thirty years, to forty years 1049 01:03:39.199 --> 01:03:41.679 to one hundred years. And I think living longer is 1050 01:03:41.719 --> 01:03:45.679 a good thing. And I think families life expectancy is 1051 01:03:45.920 --> 01:03:49.599 dramatically increased. The half life of money in gold is 1052 01:03:49.719 --> 01:03:52.760 thirty years. Gold debase is at two percent a year. 1053 01:03:53.280 --> 01:03:56.599 The half life of money in bitcoin is forever. Some 1054 01:03:56.760 --> 01:03:59.480 people will not appreciate it, and they won't get it. 1055 01:03:59.559 --> 01:04:02.880 That's okay, okay, you don't have to buy it. Lots 1056 01:04:02.920 --> 01:04:06.280 of people won't buy Clean money is just as important 1057 01:04:06.280 --> 01:04:08.920 as antibiotics. It's just as important as fat, it's just 1058 01:04:09.000 --> 01:04:10.599 as important as clean electricity. 1059 01:04:11.400 --> 01:04:13.760 It's technology. It makes the world a better place. 1060 01:04:13.920 --> 01:04:16.480 And I think that for a billion human beings that 1061 01:04:16.559 --> 01:04:19.840 are destined to economic misery, for them, it's the matter 1062 01:04:19.960 --> 01:04:20.800 of life or death. 1063 01:04:23.400 --> 01:04:27.159 Yeah, so basic points there to keep in mind. Alexander 1064 01:04:27.239 --> 01:04:30.119 ten dollars. Jay, my friend brought up Saint Ernaeus saying 1065 01:04:30.119 --> 01:04:32.480 that Jesus was possibly forty to fifty year old years 1066 01:04:32.519 --> 01:04:33.880 old when he died. I don't know how to respond 1067 01:04:33.920 --> 01:04:37.000 to this. Aernaus made a mistake. We don't believe the 1068 01:04:37.079 --> 01:04:40.480 church fathers are infallible. Mister Smirk's five dollars. What are 1069 01:04:40.559 --> 01:04:43.039 your predictions for bitcoin? In Q four? I'm young, but 1070 01:04:43.079 --> 01:04:46.360 I'm in the process of getting my commercial driver's license 1071 01:04:46.400 --> 01:04:49.599 so that I can hopefully go on before its skyrockets 1072 01:04:49.639 --> 01:04:53.119 to one fifty. I do think that's likely on the 1073 01:04:53.199 --> 01:04:57.480 table anywhere from two hundred to five hundred. We just 1074 01:04:57.559 --> 01:05:02.000 had the removal of that law that had to do 1075 01:05:02.159 --> 01:05:06.039 with banks not being able to custody bitcoin. Trump got 1076 01:05:06.119 --> 01:05:09.159 rid of that S one B or SA one B, 1077 01:05:09.320 --> 01:05:13.000 whatever it's called. That was another huge bullish thing that 1078 01:05:13.079 --> 01:05:16.880 people are ignoring. But that just went went away. And 1079 01:05:17.440 --> 01:05:19.719 you know, Sailor was talking about certain things that would 1080 01:05:19.719 --> 01:05:22.320 have to happen before we could see two, three, four, 1081 01:05:22.360 --> 01:05:24.320 five hundred thousand dollars bitcoin, and that was one of 1082 01:05:24.360 --> 01:05:26.760 those things all right, So let's get into this. We're 1083 01:05:26.800 --> 01:05:32.360 gonna treat this like our classic analysis talks and lectures. 1084 01:05:32.679 --> 01:05:35.639 Shout out to my financial friend for posting this. Cool guy, 1085 01:05:35.800 --> 01:05:39.760 nice guy. We're gonna try to understand this so that 1086 01:05:39.840 --> 01:05:43.559 you don't have any excuse to say explain to bigcin 1087 01:05:43.599 --> 01:05:47.199 owner student or if so it works well, we're gonna 1088 01:05:47.199 --> 01:05:49.039 listen to one of the best at it. I don't 1089 01:05:49.079 --> 01:05:51.840 agree with everything Michael Saylor says, but overall he's still 1090 01:05:51.840 --> 01:05:53.920 pretty good at it. Maxi Chuiser is good. I don't 1091 01:05:53.920 --> 01:05:57.079 agree with everybody and every point, but we can handle 1092 01:05:57.159 --> 01:05:59.320 and listen to people that we disagree with. That's another 1093 01:05:59.400 --> 01:06:02.639 sign of being a mature thinker. And so we're not 1094 01:06:02.760 --> 01:06:06.000 going to devolve into all the hundred reasons why someone 1095 01:06:06.039 --> 01:06:08.440 so is a bad person. I don't care whether you 1096 01:06:08.519 --> 01:06:10.519 think he's a good or bad person has nothing to 1097 01:06:10.599 --> 01:06:12.800 do with what we're going to talk about today. Bobby 1098 01:06:12.840 --> 01:06:14.800 C five dollars. I have issues with bitcoinners when they 1099 01:06:14.800 --> 01:06:17.920 talk about it being like a religious movement. Okay, fair enough, 1100 01:06:18.719 --> 01:06:19.679 anything could be an idol. 1101 01:06:20.880 --> 01:06:24.400 I know I took you away from probably a non 1102 01:06:24.840 --> 01:06:29.199 box lunch, but I'll try to make it worth your while. 1103 01:06:32.440 --> 01:06:33.679 Everybody in the world. 1104 01:06:33.519 --> 01:06:37.159 Every investor, every executive is facing an economic and a 1105 01:06:37.239 --> 01:06:44.519 technology challenge. You could specify the economic challenges. It's very 1106 01:06:44.599 --> 01:06:48.320 difficult to outperform monetary inflation when you look at the 1107 01:06:48.440 --> 01:06:51.320 rate at which the currency supply is expanding. 1108 01:06:52.079 --> 01:06:53.880 Now, this is what we talk about all the time. 1109 01:06:53.960 --> 01:06:58.480 This should be an uncontroversial clear point. The governments that 1110 01:06:58.639 --> 01:07:02.400 have the ability to well the private banks that run 1111 01:07:02.559 --> 01:07:06.239 those governments, had the ability to print the currency as 1112 01:07:06.320 --> 01:07:10.320 they choose, and this is a huge crime against humanity. 1113 01:07:10.719 --> 01:07:14.440 It's essentially value and energy theft over time because it 1114 01:07:14.639 --> 01:07:17.920 dilutes the purchasing power of your money. And if you 1115 01:07:17.960 --> 01:07:20.840 basically understand that simple point, which is again what Ron 1116 01:07:20.920 --> 01:07:22.760 Paul has been saying forever and no or and ever, 1117 01:07:23.079 --> 01:07:26.039 all the gold bugs, all the Vonnmesa's people, all the 1118 01:07:26.079 --> 01:07:31.679 Austrian economics people, all the bitcoiners, right, this is a 1119 01:07:31.760 --> 01:07:35.320 fundamental point. That's what we have to understand. And this 1120 01:07:35.480 --> 01:07:38.360 is not controversial because it's what quickly admits in the 1121 01:07:38.400 --> 01:07:40.719 first three hundred pages of Tragic Hope is that this 1122 01:07:40.880 --> 01:07:47.079 is how the system works. Going back to the early 1123 01:07:47.199 --> 01:07:50.480 modern period in Europe, when you had the ability to 1124 01:07:50.639 --> 01:07:54.480 inflate gold notes. The banking elite figured out that they 1125 01:07:54.519 --> 01:07:57.480 could write up more gold notes than they actually had gold, 1126 01:07:58.480 --> 01:08:01.920 and so they could buy up stuff with inflated currency 1127 01:08:02.000 --> 01:08:04.880 because they had the power of controlling the printing of 1128 01:08:04.920 --> 01:08:08.920 the currency, the creation of the currency. Now, how do 1129 01:08:08.960 --> 01:08:11.639 we get out of this problem. We need some way 1130 01:08:12.239 --> 01:08:17.119 that there's not a centralized entity controlling the issue the 1131 01:08:17.239 --> 01:08:20.840 issuance of currency, isn't it one of the Ralph Charles 1132 01:08:20.880 --> 01:08:23.600 that's reported to have said, I don't care who the 1133 01:08:23.640 --> 01:08:26.680 elected officials are. If I print the currency, I run 1134 01:08:26.760 --> 01:08:30.520 the country exactly. So how do we get out of 1135 01:08:30.560 --> 01:08:36.039 this conundrum? Well, we need something that is not centralized. 1136 01:08:36.119 --> 01:08:38.800 That's a challenge that could never have happened until we 1137 01:08:38.960 --> 01:08:43.479 have decentralized computer networks. So the first thing that every 1138 01:08:43.560 --> 01:08:46.039 idiot thinks when they hear this stuff is, well, the 1139 01:08:46.119 --> 01:08:49.119 computers are going to control the currency. And so that's 1140 01:08:49.159 --> 01:08:51.760 why I bitcoins bad is because it's all on the computer, 1141 01:08:51.920 --> 01:08:55.439 and the computer that will control it. It's a decentralized 1142 01:08:56.239 --> 01:08:59.199 thousands and thousands of no ten thousand plus maybe more 1143 01:08:59.279 --> 01:09:04.359 nodes across the world that decentralize the bitcoin network. So 1144 01:09:04.520 --> 01:09:09.199 it's decentralized. It's not run by a CEO or a 1145 01:09:09.319 --> 01:09:11.720 banker or a government. 1146 01:09:14.520 --> 01:09:16.720 Most investments don't outperform it. 1147 01:09:17.000 --> 01:09:18.560 You know that the S and P. 1148 01:09:18.720 --> 01:09:21.880 Five hundred is to a certain degree the cost to capital. 1149 01:09:23.319 --> 01:09:25.760 And the point here is that if you're looking for ways, 1150 01:09:26.119 --> 01:09:28.840 and this is what rich people do. Wealthy people who 1151 01:09:29.000 --> 01:09:32.039 understand this point look for ways to store their money 1152 01:09:32.600 --> 01:09:35.840 so that it doesn't lose value over time. Thus, wealthy 1153 01:09:35.920 --> 01:09:41.720 people buy things like yachts and houses and property and rolexes. 1154 01:09:42.439 --> 01:09:46.640 It's not just for glam like poor people think or 1155 01:09:46.840 --> 01:09:52.159 for swag. They're investments because money loses value. That's why 1156 01:09:52.239 --> 01:09:56.880 they do that. Or you find ways to invest the SMP, 1157 01:09:57.279 --> 01:09:59.920 You try to invest in mutual funds. You try to 1158 01:10:00.079 --> 01:10:05.039 invest in all this different stuff to hedge against deep inflation, 1159 01:10:05.199 --> 01:10:08.000 which is devaluing your money over ten, twenty, thirty, forty years. 1160 01:10:08.319 --> 01:10:10.319 Why does that matter? Well, do you want to leave 1161 01:10:10.600 --> 01:10:14.439 things to your children. If you store up a bunch 1162 01:10:14.520 --> 01:10:17.640 of dollars and you give that to your children in 1163 01:10:17.880 --> 01:10:21.239 sixty years, your dollar is gonna be worth probably five 1164 01:10:21.399 --> 01:10:24.039 times less than it was the sixty years earlier. When 1165 01:10:24.039 --> 01:10:28.520 you started saving. I was watching some dude, like a 1166 01:10:28.720 --> 01:10:31.439 like a buff fitness dude, guy Hormosi, I think it 1167 01:10:31.520 --> 01:10:33.880 is his name, and I mean it was an interesting channel. 1168 01:10:34.039 --> 01:10:36.920 Not dissing the guy, but he was explaining how to 1169 01:10:37.000 --> 01:10:40.399 make all this money in forty years by the S 1170 01:10:40.520 --> 01:10:42.920 and P and all these mutual funds. And I'm like, 1171 01:10:44.039 --> 01:10:47.960 so I'm gonna wait like forty years to get a 1172 01:10:48.079 --> 01:10:52.319 return which was a good return, but like the returns 1173 01:10:52.319 --> 01:10:55.279 would be like ten times or one hundred times greater 1174 01:10:55.520 --> 01:10:58.800 in bitcoin. It doesn't make any sense. Why well, the 1175 01:10:58.880 --> 01:11:01.880 big Boomer method And Sailor is pointing out that the 1176 01:11:01.920 --> 01:11:05.279 Boomer methods of how people thought in terms of stonks 1177 01:11:06.039 --> 01:11:09.840 to get your money back over time doesn't make sense 1178 01:11:09.880 --> 01:11:13.479 anymore because there's a superior asset. It's that simple. There's 1179 01:11:13.520 --> 01:11:15.640 a superior asset not only for the story value but 1180 01:11:15.760 --> 01:11:17.760 also returns. 1181 01:11:19.000 --> 01:11:23.279 This safer investment and asset classes underperform, and even though 1182 01:11:23.319 --> 01:11:25.479 you're getting wealthier nominal. 1183 01:11:25.239 --> 01:11:26.680 Terms and real terms, you're really not. 1184 01:11:28.159 --> 01:11:31.319 And if you're a company executive and your company isn't 1185 01:11:31.399 --> 01:11:37.359 growing organically fifteen percent a year or more, institutional investors 1186 01:11:37.439 --> 01:11:38.560 tend to lose interest in you. 1187 01:11:40.239 --> 01:11:43.319 This is why you can't beat the system in the 1188 01:11:43.560 --> 01:11:46.319 existing system. That's the point of what he's setting up here. 1189 01:11:47.000 --> 01:11:48.920 So I'll try to move ahead after because a lot 1190 01:11:48.960 --> 01:11:51.479 of it's well, no business sold. What he's talking about 1191 01:11:51.560 --> 01:11:53.560 applies to you too, though you're not a business owner, 1192 01:11:54.039 --> 01:11:55.680 and maybe one day you will be a business owner, 1193 01:11:55.720 --> 01:11:58.840 then you will you have to think about investing. So 1194 01:11:59.159 --> 01:12:02.479 stop being low tier and low quality people. We want 1195 01:12:02.560 --> 01:12:03.560 high quality people. 1196 01:12:04.560 --> 01:12:05.319 This is why. 1197 01:12:07.800 --> 01:12:10.880 The winners in the twenty first century, they're all digital monopolies. 1198 01:12:11.640 --> 01:12:15.479 If you have an investment portfolio and it doesn't include 1199 01:12:15.640 --> 01:12:19.640 Apple and Amazon or Facebook or Google or in videobo. 1200 01:12:20.000 --> 01:12:21.960 Here he's saying that if you wanted to invest or, 1201 01:12:21.960 --> 01:12:24.520 if you wanted to start a company, you're already at 1202 01:12:24.520 --> 01:12:27.159 a disadvantage because if you're a tech company, how are 1203 01:12:27.199 --> 01:12:31.399 you going to beat the existing monopolies, or if you're 1204 01:12:31.479 --> 01:12:35.520 a zombie company, like he says micro Strategy was, which 1205 01:12:35.680 --> 01:12:38.960 was just kind of sitting there at a base stock 1206 01:12:39.079 --> 01:12:40.680 price that I don't know, it was it fifteen dollars 1207 01:12:40.720 --> 01:12:45.199 forever and whatever, and micro Strategy was not crashing, but 1208 01:12:45.319 --> 01:12:46.960 it wasn't going anywhere, so it was just kind of 1209 01:12:47.000 --> 01:12:50.159 sitting there. His point was that you can't compete with 1210 01:12:51.359 --> 01:12:54.640 Microsoft and Google and Apple, So what are you going 1211 01:12:54.720 --> 01:12:57.479 to do? You got to find another way to take 1212 01:12:57.640 --> 01:13:01.800 your capital and put it into something that becomes the 1213 01:13:01.880 --> 01:13:04.800 engine of the company, even if it's not what your 1214 01:13:04.840 --> 01:13:10.199 company previously did or was all about. And other corporations 1215 01:13:10.439 --> 01:13:13.159 are starting to figure this out that they can do 1216 01:13:13.479 --> 01:13:17.000 a Bitcoin standard for the company that becomes a new 1217 01:13:17.199 --> 01:13:21.840 engine for a zombie corporation. By extension, he's telling you 1218 01:13:22.000 --> 01:13:28.479 that your present day company can't beat the monopolies and 1219 01:13:28.800 --> 01:13:29.880 can't beat inflation. 1220 01:13:30.399 --> 01:13:31.600 Well, you're probably not winning. 1221 01:13:32.079 --> 01:13:34.319 It's very hard to see how you could be a 1222 01:13:34.359 --> 01:13:41.279 successful investor without some exposure to those companies. And if 1223 01:13:41.319 --> 01:13:43.680 you look at the rest of the SMP normally the 1224 01:13:43.840 --> 01:13:46.239 S and P is the five hundred greatest companies in 1225 01:13:46.319 --> 01:13:50.880 the United States, four hundred and ninety three of them 1226 01:13:50.920 --> 01:13:52.159 are fairly boring. 1227 01:13:53.079 --> 01:13:54.039 How do you. 1228 01:13:54.159 --> 01:13:59.439 Actually compete against the digital monopoly When someone has I 1229 01:13:59.520 --> 01:14:03.399 think face book has two billion users a day, or 1230 01:14:03.600 --> 01:14:07.800 you have a billion customers, and when you can ship 1231 01:14:07.840 --> 01:14:10.920 a product to a billion people overnight with a punch 1232 01:14:10.960 --> 01:14:16.840 of a button, that's an enormous advantage. So all of 1233 01:14:17.000 --> 01:14:20.399 us we're struggling with this issue. How do you how 1234 01:14:20.439 --> 01:14:22.079 are you going to be a winner when you're not 1235 01:14:22.239 --> 01:14:28.319 one of the seven winners. The technology challenge is very 1236 01:14:28.439 --> 01:14:31.960 intertwined with this, which is you can't win if you 1237 01:14:32.079 --> 01:14:36.960 miss the next technology wave. You know, there was personal computing, 1238 01:14:37.079 --> 01:14:39.720 and there was the Internet, and there is mobile computing, 1239 01:14:40.039 --> 01:14:42.479 and now there's artificial intelligence. 1240 01:14:43.880 --> 01:14:44.760 And I'm here to. 1241 01:14:44.800 --> 01:14:48.239 Say that I think everybody in the. 1242 01:14:48.279 --> 01:14:53.800 World understands artificial intelligence is the next technology wave, but 1243 01:14:53.960 --> 01:14:57.560 I think very very few people, not so many, really 1244 01:14:57.680 --> 01:15:02.520 appreciate there's another technology way taking place, and it's a 1245 01:15:02.600 --> 01:15:04.640 digital transformation of capital. 1246 01:15:04.840 --> 01:15:09.239 It's digital capital. It's happening right in front of people's faces. 1247 01:15:10.239 --> 01:15:15.399 Now here's getting into the revolutions that we've seen tech 1248 01:15:15.479 --> 01:15:20.279 wise in the past twenty thirty years. The personal computer itself, 1249 01:15:22.640 --> 01:15:27.000 graphic user interface instead of doss, Internet, mobile computing, cloud AI. 1250 01:15:27.319 --> 01:15:33.119 And then the next is the digitization of money, which 1251 01:15:33.199 --> 01:15:36.199 only makes sense because everything else has been digitized. Music, 1252 01:15:37.119 --> 01:15:42.319 your photos, your social interaction, social media. We're not here 1253 01:15:42.359 --> 01:15:43.600 to talk about the good and the bad, and we 1254 01:15:43.720 --> 01:15:45.640 know there's a lot of bad to those things. We're 1255 01:15:45.680 --> 01:15:48.560 looking at the facts, the objective facts on the ground 1256 01:15:49.279 --> 01:15:52.159 set aside your hyper moralism and how you want it 1257 01:15:52.239 --> 01:15:54.960 signified everybody that you're better than everybody, and how you're 1258 01:15:55.039 --> 01:15:57.560 so pathetic that you have to get on the internet 1259 01:15:57.840 --> 01:16:01.239 to pretend that you're superior to people. That's lame. We're 1260 01:16:01.239 --> 01:16:04.079 gonna get out of that mindset. Okay, We're gonna focus 1261 01:16:04.199 --> 01:16:07.560 on the facts, the objective analysis. That's the only way 1262 01:16:07.640 --> 01:16:09.000 that you get ahead in life is to do it 1263 01:16:09.079 --> 01:16:16.760 that way. Trust me. So what's the next revolution? It 1264 01:16:16.920 --> 01:16:20.680 is most likely it looks to be the digitization. 1265 01:16:20.079 --> 01:16:23.239 Of capital because it's unexpected. 1266 01:16:24.159 --> 01:16:26.159 You have to understand how big this is. This is 1267 01:16:26.279 --> 01:16:31.199 not just another dot com bubble, another type of Amazon. 1268 01:16:32.319 --> 01:16:38.439 This is a totally new way to do money. It's 1269 01:16:38.479 --> 01:16:45.479 an ethical, hard asset solution to the problems of the 1270 01:16:45.560 --> 01:16:47.760 past way to do money. It's the only way it 1271 01:16:47.840 --> 01:16:51.119 could happen is if there had been the computer revolution first, 1272 01:16:52.199 --> 01:16:56.920 because you cannot have a decentralized, objective, math based system 1273 01:16:57.680 --> 01:17:00.600 outside of the reach of governments and banks, outside of 1274 01:17:00.680 --> 01:17:04.239 the internet coming first. That's why it was so genius 1275 01:17:04.359 --> 01:17:07.399 what they created. Whoever created it, and it's better that 1276 01:17:07.439 --> 01:17:13.960 we don't know who created it. Money needs to be divisible, portable, durable, recognizable, scarce. 1277 01:17:16.119 --> 01:17:22.880 And so how would you translate that into digitization. Well, 1278 01:17:23.039 --> 01:17:26.239 bitcoin is that it is deflationary. It is the ultimate 1279 01:17:26.279 --> 01:17:28.520 store of value and energy over time. It is a 1280 01:17:28.640 --> 01:17:32.000 closed system with a public ledger, so they can't be manipulated, 1281 01:17:32.159 --> 01:17:37.520 can be cheated. It's not been hacked. It's decentralizing global, 1282 01:17:37.560 --> 01:17:39.800 it's not under the purview or control of one government 1283 01:17:39.880 --> 01:17:43.439 or one entity or one CEO. You have a cap 1284 01:17:43.479 --> 01:17:47.079 at twenty one million bitcoins. Ever, so there will not 1285 01:17:47.239 --> 01:17:52.199 be infinite bitcoins. And it is really the opposite of 1286 01:17:52.520 --> 01:17:55.600 the debt based, fiat usery based system that we have 1287 01:17:55.760 --> 01:18:00.439 seen for millennia. You understand that debasing the the currency 1288 01:18:00.560 --> 01:18:04.600 is an ancient thing. Babylon Rome, they debase their currencies. 1289 01:18:06.159 --> 01:18:08.399 They would take the gold in their coins or the 1290 01:18:08.439 --> 01:18:10.840 silver in their coins, and they would start adding other 1291 01:18:11.000 --> 01:18:16.439 metals to devalue it. That was a their form of inflation. 1292 01:18:17.119 --> 01:18:19.720 Hodd On a shift, and it's an inversion of everyone's 1293 01:18:19.880 --> 01:18:28.039 world view. They tend to dismiss it as something random, unlikely, unlucky, scary, 1294 01:18:29.359 --> 01:18:34.520 And I'm going to talk about bitcoin, and so bitcoin's 1295 01:18:34.560 --> 01:18:36.760 the solution to the problem it's a solution to the 1296 01:18:36.880 --> 01:18:39.640 economic problem. How do you win when there's only seven 1297 01:18:39.720 --> 01:18:43.560 companies that can win? And it's a solution to the 1298 01:18:43.640 --> 01:18:47.239 technology question. How do you get on the next technology 1299 01:18:47.359 --> 01:18:50.560 wave and how do you exploit it to the benefit 1300 01:18:50.640 --> 01:18:59.199 of your investors, your family, your company, your customers. Now, 1301 01:18:59.239 --> 01:19:01.279 how do I know coin is the next wave? Why 1302 01:19:01.319 --> 01:19:05.119 should you think it's the next wave? Well, here's a chart. 1303 01:19:06.119 --> 01:19:09.880 One point. Here we have a super chat from our 1304 01:19:09.920 --> 01:19:13.239 buddy Skumabert twenty five bucks, Thank you so much. Are 1305 01:19:13.279 --> 01:19:15.640 there any good books that refute the idea that the 1306 01:19:15.680 --> 01:19:19.920 Gnostic Egyptian mystery religions or traditions are the case. My 1307 01:19:19.960 --> 01:19:21.359 friend is very deep into it, and I want to 1308 01:19:21.439 --> 01:19:26.079 know how to combat it. So I did a video 1309 01:19:26.239 --> 01:19:29.439 some years back critiquing gnosticism. I also did a video 1310 01:19:29.520 --> 01:19:32.760 from Ierinaeus. If you look up against Heresies Ireneus Gnosticism, 1311 01:19:32.840 --> 01:19:37.119 that video will come up. So you could read Against Heresies, 1312 01:19:37.319 --> 01:19:39.359 but that's a really long book. You might want to 1313 01:19:39.399 --> 01:19:42.399 start in book three and four for the reputation of 1314 01:19:42.960 --> 01:19:52.439 the Gnostic systems in general. I did another talk on 1315 01:19:52.760 --> 01:19:58.960 Genesis refuting the Gnostic systems. I have two debates with Gnostics, 1316 01:19:59.039 --> 01:20:02.960 one with a Scott Smith, so he presented a kind 1317 01:20:02.960 --> 01:20:05.079 of a Gnostic position, and most of the time Gnostic 1318 01:20:05.199 --> 01:20:09.479 mystery religions, they devolve into relativism. So if you just 1319 01:20:09.479 --> 01:20:12.000 get good enough and kind of basic philosophy in terms 1320 01:20:12.000 --> 01:20:15.560 of refuting the self, the self pointing out the self 1321 01:20:16.439 --> 01:20:21.000 refuting nature of relativism, that's a pretty good reputation of 1322 01:20:21.039 --> 01:20:25.199 most Gnostic types of systems. But those are the things 1323 01:20:25.239 --> 01:20:27.000 that come to mind. I don't know I've taught me 1324 01:20:27.079 --> 01:20:31.479 how to a specific book refuting gnosticism. Uh, there are, 1325 01:20:31.560 --> 01:20:35.640 by the way, videos from Inspiring Philosophy. Obviously, he and 1326 01:20:35.680 --> 01:20:38.760 I we have some disagreements, we're on friendly terms. But 1327 01:20:39.319 --> 01:20:41.960 he did do some good videos refuting some of these 1328 01:20:42.039 --> 01:20:46.319 ideas of like Zeitgeist type stuff that Jesus is Horus, 1329 01:20:46.600 --> 01:20:49.760 or that there's all of these you know, trinities and 1330 01:20:49.800 --> 01:20:52.159 the pagan religions and that Jesus is just one of many. 1331 01:20:52.279 --> 01:20:54.319 That's all just a bunch of nonsense. So you could 1332 01:20:54.319 --> 01:20:59.720 look up, you know, is yahweh the Canaanite pantheon d 1333 01:21:00.319 --> 01:21:02.840 That's all just nonsense. So check out some of his 1334 01:21:03.000 --> 01:21:04.720 videos on the topic of the. 1335 01:21:04.920 --> 01:21:08.359 Top ten largest assets in the world right now. 1336 01:21:09.880 --> 01:21:12.760 And so if you look at the ten, bitcoin's number seven, 1337 01:21:13.840 --> 01:21:16.760 it is the seventh largest asset in the world, goals 1338 01:21:16.880 --> 01:21:24.439 number one. Then you've got these magnificent seven companies in video, Apple, Microsoft, Amazon, Alphabet, Meta, 1339 01:21:25.800 --> 01:21:29.680 and you've got Saudia Ramco and you got a little 1340 01:21:29.680 --> 01:21:33.920 bit of silver. But of them, the fastest growing of 1341 01:21:34.039 --> 01:21:38.760 these is Bitcoin. Bitcoin is growing three times faster than Microsoft. 1342 01:21:39.560 --> 01:21:40.079 Why is it? 1343 01:21:42.319 --> 01:21:45.439 Why is it the next wave? Well, it's not just 1344 01:21:45.560 --> 01:21:47.479 the fastest growing asset in the one. 1345 01:21:47.439 --> 01:21:50.640 And by the way, it just flips silver during this 1346 01:21:50.960 --> 01:21:54.439 bull cycle. So why does that matter? Well, guess what's 1347 01:21:54.520 --> 01:22:00.119 next gold? Right Well, it'll never flip silver when it's 1348 01:22:00.119 --> 01:22:04.039 one hundred thousand flips over. Okay, so the next flipping 1349 01:22:05.159 --> 01:22:08.359 will be gold, and it will flip gold. Watch it 1350 01:22:08.399 --> 01:22:10.960 will has to want because we're not going back to 1351 01:22:11.239 --> 01:22:16.600 sailing around in galleons and handing over giant chests of treasure, 1352 01:22:17.159 --> 01:22:19.960 loot and booty like we're fricking pirates. 1353 01:22:20.439 --> 01:22:26.079 Okay, you must be believe and in bit Clayton you're in. 1354 01:22:27.359 --> 01:22:31.319 Ok We're not going to the black pearl dog. We're 1355 01:22:31.359 --> 01:22:37.079 not going to jack sparrows or We're not going to 1356 01:22:37.159 --> 01:22:40.000 Davy Jones locker dog. We're going into the future. 1357 01:22:41.520 --> 01:22:45.640 It's the most popular asset in the world. It's literally 1358 01:22:45.720 --> 01:22:47.880 the most popular asset in the world. Everyone wants to 1359 01:22:47.960 --> 01:22:51.840 talk about it. It's the most interesting. It's the most 1360 01:22:51.920 --> 01:22:57.680 digital asset in the world. Right, you can't digitally transform. 1361 01:22:57.760 --> 01:23:01.279 You can't move these other assets at the speed of 1362 01:23:01.439 --> 01:23:04.520 light a million times a second between eight billion computers 1363 01:23:04.560 --> 01:23:06.439 the way you can with bitcoin. 1364 01:23:06.760 --> 01:23:09.000 So let's think about this in terms of the modern world. 1365 01:23:09.800 --> 01:23:13.000 I need to do or some country, some company needs 1366 01:23:13.039 --> 01:23:15.640 to do a huge purchase, a huge move, a huge sale, 1367 01:23:16.840 --> 01:23:20.159 tens of millions of dollars, a billion dollars. Are we 1368 01:23:20.239 --> 01:23:23.159 gonna do that with gold and gold? How are we 1369 01:23:23.199 --> 01:23:30.000 gonna move a billion dollars of gold? No, we're not 1370 01:23:30.119 --> 01:23:32.479 gonna go back to the sixteen hundreds, goofballs. I don't 1371 01:23:32.560 --> 01:23:36.640 understand why it's just such a boomer mindset. You're gonna 1372 01:23:36.760 --> 01:23:41.239 use digital transfers on a public ledger, which is what 1373 01:23:41.399 --> 01:23:45.840 the purpose of this is. It's just obvious, and that's 1374 01:23:45.920 --> 01:23:48.159 contra Peter Schiff and all these people that act like 1375 01:23:48.640 --> 01:23:52.960 we're not gonna be using this amazing technology for instantaneous 1376 01:23:53.000 --> 01:23:59.000 transfers of wealth. Obviously we would. It's like light speed, 1377 01:23:59.159 --> 01:24:04.439 better than trying to transfer a bunch of and by 1378 01:24:04.479 --> 01:24:07.560 the way, if when in terms of gold, you're going 1379 01:24:07.640 --> 01:24:10.479 to be using a bunch of gold notes again, which 1380 01:24:10.520 --> 01:24:12.960 again has susceptible to all the problems of the previous 1381 01:24:12.960 --> 01:24:16.479 fiat currency. We already had gold standard. It worked well, 1382 01:24:17.720 --> 01:24:19.560 except that that has a lot of flaws, a lot 1383 01:24:19.600 --> 01:24:22.840 of problems. It's better than the fiat, but it's still 1384 01:24:23.079 --> 01:24:27.800 wrought with fraught, with all the same problems tungsten. It 1385 01:24:27.880 --> 01:24:31.760 can be stolen. You're putting it. We're back to third party, 1386 01:24:31.800 --> 01:24:35.560 fourth party trust to ensure it, to guard it as 1387 01:24:35.640 --> 01:24:39.079 you sail your galleons to deliver the billion dollars of 1388 01:24:39.520 --> 01:24:45.000 Spanish balloons. It's just so obviously not the future to 1389 01:24:45.079 --> 01:24:47.119 think that we're going to go back to the sixteen hundreds. 1390 01:24:48.600 --> 01:24:53.920 How do people not see this? It's obvious. 1391 01:24:54.680 --> 01:24:57.600 It's the most useful asset in the world. If you 1392 01:24:57.680 --> 01:24:58.960 need a billion dollars in. 1393 01:24:59.079 --> 01:25:02.680 Five minutes Saturday afternoon, this is the only asset you 1394 01:25:02.760 --> 01:25:04.800 can liquid eight right. 1395 01:25:05.000 --> 01:25:07.840 It is no Michael, We're going to have the black pearl, 1396 01:25:08.520 --> 01:25:12.920 send giant chests with uh, you know, Davy with Davy 1397 01:25:13.000 --> 01:25:19.640 Jones and what's it what's his name? Captain Barbosa, right, 1398 01:25:20.239 --> 01:25:22.880 and the Black Pearl are going to deliver, and they're 1399 01:25:22.920 --> 01:25:25.600 going to look over as third party trust, you know, 1400 01:25:25.880 --> 01:25:30.279 candidates to ensure that the billion dollars of the balloons 1401 01:25:30.359 --> 01:25:33.039 actually make it across the ocean. And this is so silly. 1402 01:25:33.319 --> 01:25:36.520 Every company on Earth, every person on Earth. It is global. 1403 01:25:37.600 --> 01:25:40.119 You know, these other things aren't global assets, with the 1404 01:25:40.199 --> 01:25:45.319 exception of gold. So in essence, bitcoin is the digital gold. 1405 01:25:45.680 --> 01:25:48.920 But but you know, you can't beam gold between eight 1406 01:25:48.960 --> 01:25:52.840 billion iPhones and goals of five thousand year old idea 1407 01:25:53.399 --> 01:25:56.960 and bitcoin is that idea reinvented for the twenty first century. 1408 01:25:58.760 --> 01:25:59.920 And now I'm going to give you a set of 1409 01:26:00.119 --> 01:26:03.880 suggestions or a set of indicators as to why maybe 1410 01:26:03.960 --> 01:26:06.319 this is something big. 1411 01:26:06.560 --> 01:26:07.920 Why it's not just random. 1412 01:26:09.199 --> 01:26:12.640 This is bitcoin versus that asset allocation chart. 1413 01:26:12.760 --> 01:26:13.600 And you can see that. 1414 01:26:15.239 --> 01:26:17.359 It looks hard to find a solution when you don't 1415 01:26:17.359 --> 01:26:19.600 include bitcoin, and when you put bitcoin on the chart, 1416 01:26:19.720 --> 01:26:23.840 it renders every other solution irrelevant. It's like it's pretty 1417 01:26:23.880 --> 01:26:26.760 clear there's one thing that's interesting and everything else is 1418 01:26:27.159 --> 01:26:32.640 just more of the same. Bitcoin punches a hole into 1419 01:26:33.319 --> 01:26:38.319 the chart sixty percent over the past four years, and 1420 01:26:40.760 --> 01:26:44.239 if we zoom into that a little bit closer, this 1421 01:26:44.399 --> 01:26:49.079 is asset performance. Since micro Strategy adopted the Bitcoin standard, 1422 01:26:50.159 --> 01:26:54.680 the s and p's returning thirteen percent a year, real estate, 1423 01:26:54.880 --> 01:26:57.920 ten percent a year, goal, seven percent a year, bonds 1424 01:26:58.000 --> 01:26:59.399 or minus five percent a year. 1425 01:26:59.720 --> 01:27:03.560 This is why people who study this and are into 1426 01:27:03.640 --> 01:27:07.560 bitcoin point out that it is the superior asset and 1427 01:27:07.880 --> 01:27:10.319 store of value that will begin to eat all the 1428 01:27:10.399 --> 01:27:14.880 other stores of value When people figure out that you'd 1429 01:27:15.000 --> 01:27:17.760 rather have the twenty thousand dollars in bitcoin than in 1430 01:27:17.840 --> 01:27:20.359 a rolex because in ten years the bitcoin will pay 1431 01:27:20.439 --> 01:27:24.359 you out a much better return and much better, I 1432 01:27:24.439 --> 01:27:27.560 mean way better than a dang rolex. Okay, so a 1433 01:27:27.680 --> 01:27:30.760 rolex might go up a few thousand dollars five maybe 1434 01:27:32.199 --> 01:27:35.119 over ten years or something. And what does bitcoin do 1435 01:27:35.239 --> 01:27:37.800 over ten years? Well it has so far, I mean, 1436 01:27:37.840 --> 01:27:41.640 the average return is sixty percent a year and you 1437 01:27:41.720 --> 01:27:47.000 basically get a ten x every five years. So why 1438 01:27:47.039 --> 01:27:49.439 would I put twenty thousand dollars into a dang rolex 1439 01:27:50.000 --> 01:27:52.520 when I'm going to get a sixty percent return on average? 1440 01:27:53.119 --> 01:27:59.079 Versus a five or ten percent return, just like real 1441 01:27:59.239 --> 01:28:04.560 estate small returns. Here's the chart telling you the returns. 1442 01:28:05.520 --> 01:28:07.319 So you want to learn about money. You want you 1443 01:28:07.319 --> 01:28:09.840 want to get out of the poorhouse. We are learning 1444 01:28:09.880 --> 01:28:12.600 tonight how to do this. We're gonna have to understand 1445 01:28:12.680 --> 01:28:19.920 how this stuff works. Every year, on average, since its inception, 1446 01:28:20.119 --> 01:28:24.079 it's creation, Bitcoin has returned sixty percent. The next best 1447 01:28:24.239 --> 01:28:28.039 level of return is the Magnificent seven stocks, the Apples, 1448 01:28:28.119 --> 01:28:32.279 and the Googles twenty nine percent, so double if you'd 1449 01:28:32.279 --> 01:28:36.479 have bitcoin. Think of all the boomers, all the goofballs 1450 01:28:36.960 --> 01:28:41.439 that have, however, many trillions of dollars into the Magnificent seven, 1451 01:28:41.720 --> 01:28:44.960 and they could have had double that if they had 1452 01:28:45.039 --> 01:28:46.159 had their money in bitcoin. 1453 01:28:48.119 --> 01:28:48.239 Uh. 1454 01:28:48.319 --> 01:28:50.720 The S and P five hundred has given you thirteen percent. 1455 01:28:51.560 --> 01:28:56.399 And that's what that multi super million dollar dude Hormosi 1456 01:28:56.560 --> 01:29:00.319 was telling you. To wait for fifty years, putting one 1457 01:29:00.399 --> 01:29:02.880 hundred dollars a week into the S and P five hundred, 1458 01:29:03.359 --> 01:29:06.680 and then by the time you're seventy and you're about 1459 01:29:06.760 --> 01:29:11.800 to die on your ventilator and your smoke, your your 1460 01:29:11.920 --> 01:29:15.359 oxygen tank, you'll have millions of dollars. Okay, well, now 1461 01:29:15.359 --> 01:29:19.359 I don't want to wait until I'm carrying my oxygen 1462 01:29:19.479 --> 01:29:22.560 tank into the you know, old folks home to have 1463 01:29:23.640 --> 01:29:28.439 fifty million dollars. We'll have fifty million dollars from bitcoin 1464 01:29:28.600 --> 01:29:32.800 in ten to fifteen years. Okay, that's how that's how 1465 01:29:32.800 --> 01:29:41.760 you do it, not fifty years in ten years. What 1466 01:29:41.920 --> 01:29:46.479 a gold return the boomers? Seven percent? Oh wow, good job? 1467 01:29:46.960 --> 01:29:56.359 Seven percent in four years? Excuse me, seven percent a year. 1468 01:29:57.359 --> 01:30:01.359 Analyzing the last four years, I should say, so, going 1469 01:30:01.439 --> 01:30:06.119 back to twenty twenty, what did gold give you? Seven percent? 1470 01:30:06.439 --> 01:30:06.720 Wow? 1471 01:30:06.920 --> 01:30:08.680 Thank you, Peter Schiff. Seven percent. 1472 01:30:13.039 --> 01:30:15.560 As you can see the cost of coupital, the hurdle 1473 01:30:15.640 --> 01:30:17.840 rate there is thirteen. The only thing that's beating it 1474 01:30:17.920 --> 01:30:21.359 that's conventional is the Magnificent seven, which is a bit 1475 01:30:21.439 --> 01:30:24.000 more than doubling it. And then Bitcoin is doubling the 1476 01:30:24.079 --> 01:30:30.039 magnificent seven. So one of these things is really an 1477 01:30:30.159 --> 01:30:37.920 overwhelming winner. Bitcoin more than four times conventional performance. Let's 1478 01:30:37.960 --> 01:30:40.920 look out over fourteen years. It's the winner in eleven 1479 01:30:41.000 --> 01:30:44.359 of fourteen years. So it's not just it's up over 1480 01:30:44.439 --> 01:30:46.880 the last four years. It's up more over ten years, 1481 01:30:46.960 --> 01:30:52.119 eight years, twelve years. Here's another slice you can look 1482 01:30:52.159 --> 01:30:56.359 at everything in the world trying to find something which 1483 01:30:56.479 --> 01:31:00.359 is more compelling. But bitcoin is showing an annualized performance 1484 01:31:00.359 --> 01:31:04.960 one hundred and forty seven from twenty eleven. But again, 1485 01:31:05.239 --> 01:31:07.600 you know, after bitcoin, you just fall to like your 1486 01:31:07.640 --> 01:31:15.600 best growth stock idea. And it's not just the best 1487 01:31:15.680 --> 01:31:20.760 performing asset, it's the best performing uncorrelated asset. It's got 1488 01:31:20.800 --> 01:31:24.319 the highest sharp ratio, it's also got the lowest correlation. 1489 01:31:24.560 --> 01:31:26.359 These are these are fidelity numbers. 1490 01:31:26.399 --> 01:31:30.000 So the entire world is looking for an investment idea 1491 01:31:30.119 --> 01:31:34.720 that's uncorrelated to risk assets. You know, we have entire conferences, 1492 01:31:34.840 --> 01:31:38.239 alternative investment conferences, and we talk about should it be 1493 01:31:38.319 --> 01:31:41.159 real estates, should it be natural gas rights, should it 1494 01:31:41.199 --> 01:31:42.399 be intellectual property? 1495 01:31:43.119 --> 01:31:44.319 Well, bitcoin is. 1496 01:31:44.439 --> 01:31:50.479 The global fungible liquid alternative asset, and you don't. 1497 01:31:50.319 --> 01:31:55.720 Have We got super chat from to Shuba two bucks. 1498 01:31:56.119 --> 01:31:59.359 Young guys should join the trades like being electrician. Yeah, 1499 01:31:59.359 --> 01:32:03.319 I would say probably that's a much better route, especially 1500 01:32:03.439 --> 01:32:05.199 than you know, I want to go to I want 1501 01:32:05.239 --> 01:32:07.439 to go to college and study philosophy. And the humanity 1502 01:32:07.520 --> 01:32:09.880 is don't waste your time. You're gonna get a much 1503 01:32:09.960 --> 01:32:14.840 of woke purple hair brainwashing nonsense. I would never go 1504 01:32:15.000 --> 01:32:18.319 back to my Leaving grad school was the smartest thing 1505 01:32:18.359 --> 01:32:21.000 I ever did. Okay, we wouldn't be where we are 1506 01:32:21.960 --> 01:32:24.000 with what we have. I'm not gonna say what we 1507 01:32:24.079 --> 01:32:28.159 have had I not left idiot grad school and it 1508 01:32:28.279 --> 01:32:30.840 was the greatest. I was scared. It was a scary decision, 1509 01:32:31.800 --> 01:32:33.239 and I thought, you know what, I might as well 1510 01:32:33.359 --> 01:32:36.039 try to do my own thing, write my own books, 1511 01:32:36.119 --> 01:32:40.319 start my own business, buy my own investments, real estate, 1512 01:32:40.359 --> 01:32:45.920 et cetera. And we did and it worked. But had 1513 01:32:46.000 --> 01:32:49.199 I had the mindset of I'm gonna go to college 1514 01:32:49.239 --> 01:32:51.760 and I'm gonna get my just giving up all that 1515 01:32:51.880 --> 01:32:55.760 idiot nonsense of the pride and intellectual not almanna be 1516 01:32:55.840 --> 01:32:58.920 a professor, and I'm going to and what you're gonna 1517 01:32:58.920 --> 01:33:05.279 affect what fifty students a year when we reach on 1518 01:33:05.399 --> 01:33:15.640 this channel alone, millions of people a year now. So 1519 01:33:18.000 --> 01:33:21.600 Tshuva is probably right that the trades are probably a 1520 01:33:21.720 --> 01:33:24.840 much better route for young dudes than people who think, oh, 1521 01:33:24.840 --> 01:33:25.960 I don't want to do that, I want to be 1522 01:33:26.000 --> 01:33:29.640 able to be a professor. They don't want you, especially 1523 01:33:29.640 --> 01:33:34.359 if you're a white dude and you're straight, especially if 1524 01:33:34.359 --> 01:33:36.319 you're a Christian They don't want you teaching and them 1525 01:33:36.560 --> 01:33:38.239 you're not going to be welcome there. They're going to 1526 01:33:38.279 --> 01:33:46.279 do everything to try to get rid of you. Saronis 1527 01:33:46.359 --> 01:33:48.479 says you should rush to find a trade now. A 1528 01:33:48.520 --> 01:33:51.319 lot of people are seeking trades because they're realizing that 1529 01:33:51.560 --> 01:33:55.319 their stupid degrees don't get them anything. Exactly, and I 1530 01:33:55.439 --> 01:34:05.720 realize that in twenty eleven and exactly based cothr or 1531 01:34:05.800 --> 01:34:07.800 five bucks, you don't need to go to college to 1532 01:34:07.880 --> 01:34:11.840 think critically, Yeah, exactly. I mean I don't know what 1533 01:34:11.960 --> 01:34:13.920 college is like now, and I mean some people might 1534 01:34:13.960 --> 01:34:16.600 be in a situation where it's good for them to 1535 01:34:16.680 --> 01:34:21.359 do it right. There might be people who would benefit 1536 01:34:21.520 --> 01:34:25.800 from engineering in college, or you know, maybe they have 1537 01:34:26.000 --> 01:34:29.560 a scholarships and everything's paid for. Yeah, in those cases, 1538 01:34:29.640 --> 01:34:32.760 that's fine. But to go into these things and view 1539 01:34:32.800 --> 01:34:36.159 it like, oh, you know, I'm going to be a 1540 01:34:36.199 --> 01:34:37.840 professor and I'm going to go to the humanity is 1541 01:34:37.920 --> 01:34:42.159 that's like the worst idea. Fugazi one dollar Andrew Wilson 1542 01:34:42.159 --> 01:34:44.600 wants to debate you on bitcoin. Let's do it, dude. 1543 01:34:45.239 --> 01:34:49.159 That'd be a fun debate. I didn't know he had 1544 01:34:49.199 --> 01:34:52.000 an anti bitcoin position, but yeah, I'm happy to debate 1545 01:34:52.359 --> 01:34:55.479 anybody on the positions, and I can debate people that 1546 01:34:55.680 --> 01:34:57.920 are on our side or that we have good relationships with. 1547 01:34:58.399 --> 01:35:01.479 In fact, I asked Chase Guy to do a debate 1548 01:35:02.520 --> 01:35:06.079 on bitcoin the other day and he was like, no, 1549 01:35:06.159 --> 01:35:08.720 I'd rather not do a debate. You know, that's just 1550 01:35:08.840 --> 01:35:13.239 just my position. And then people in the comments were like, oh, fight, 1551 01:35:13.439 --> 01:35:17.960 fight fight. I can have a disagreement with people that 1552 01:35:18.119 --> 01:35:21.640 I largely disagree with, and it's fine. We don't have 1553 01:35:21.720 --> 01:35:31.159 to like, you know, break Park Company or something glitchy 1554 01:35:31.239 --> 01:35:35.000 Rhythm five dollars, Thank you, Papa J cigarette smoke, Thank you. 1555 01:35:35.279 --> 01:35:37.920 John Bart joins becomes a member. Shout out to John Bart. 1556 01:35:40.840 --> 01:35:41.840 All right, let's get back to this. 1557 01:35:42.039 --> 01:35:43.560 I have to believe me or like, you don't have 1558 01:35:43.560 --> 01:35:46.119 to juststand the fundamentals, even if you don't want to 1559 01:35:46.159 --> 01:35:48.119 spend a thousand hours studying it. You can just look 1560 01:35:48.159 --> 01:35:51.279 at the chart published by Fidelity. It gives you the 1561 01:35:51.319 --> 01:35:52.000 same answer. 1562 01:35:54.199 --> 01:35:57.239 Black Rock. And now they launched a bitcoin ETF a 1563 01:35:57.319 --> 01:36:01.800 year ago. Uh that ETF. 1564 01:36:02.680 --> 01:36:08.159 Leaped above one thousand, one hundred ETFs that they sell 1565 01:36:08.399 --> 01:36:12.159 to be number thirteen in twelve months. So that just 1566 01:36:12.239 --> 01:36:16.079 shows you how fast it's moving, you know, blowing past 1567 01:36:16.119 --> 01:36:17.760 one thousand other ETFs. 1568 01:36:18.600 --> 01:36:19.399 But it's more than that. 1569 01:36:21.439 --> 01:36:24.479 That ETF is the most successful ETF launch in the 1570 01:36:24.640 --> 01:36:25.800 history of ETFs. 1571 01:36:26.640 --> 01:36:28.359 And I would say if you look at Wall Street 1572 01:36:28.399 --> 01:36:29.279 over forty. 1573 01:36:29.079 --> 01:36:32.800 Years, the last big innovation in Wall Street was the ETF. 1574 01:36:33.640 --> 01:36:36.960 The idea that you could buy spy or you could 1575 01:36:37.039 --> 01:36:43.600 buy a portfolio of QQQ or a diversified portfolio of assets. 1576 01:36:43.640 --> 01:36:47.880 That was the big idea, big enough to attract trillions 1577 01:36:47.920 --> 01:36:52.279 of dollars of capital and the most successful example of 1578 01:36:52.439 --> 01:36:52.840 that big. 1579 01:36:53.199 --> 01:36:57.000 So the reason this matters for people that are not familiar. 1580 01:36:57.560 --> 01:37:00.680 We had the pass in back what January last year 1581 01:37:02.560 --> 01:37:06.399 of the bitcoin ETFs, which were or whenever it was. 1582 01:37:08.039 --> 01:37:12.239 That meant that there's now corporate institutional acceptance of bitcoin, 1583 01:37:13.000 --> 01:37:17.520 and that was huge because now it's rising to a 1584 01:37:17.640 --> 01:37:22.279 new level of mass acceptance and adoption that it previously 1585 01:37:22.359 --> 01:37:25.319 didn't have because it was seen as online gambling and 1586 01:37:25.359 --> 01:37:30.119 the currency of drug dealers or whatever. With the acceptance 1587 01:37:30.159 --> 01:37:32.199 of an ETF, you have a new level of acceptance 1588 01:37:32.239 --> 01:37:37.039 of corporations and now boomers can have access to this 1589 01:37:37.399 --> 01:37:42.640 very difficult, complicated cryptocurrencies type stuff where they don't have 1590 01:37:42.760 --> 01:37:46.199 to have direct custody. Now I would not do this, 1591 01:37:47.119 --> 01:37:50.199 but boomers do not want to fool with learning about 1592 01:37:50.239 --> 01:37:53.680 this and self custody. So it's still a bullish thing, 1593 01:37:53.880 --> 01:37:55.960 even though it's kind of not really the spirit of 1594 01:37:56.000 --> 01:37:59.920 bitcoin in terms of bypassing the banks third party try 1595 01:38:00.239 --> 01:38:03.119 because if you buy ETFs or if you buy you know, 1596 01:38:03.199 --> 01:38:08.000 bitcoin through fidelity or whatever, you're still engaging in third 1597 01:38:08.039 --> 01:38:11.000 party trust that they're going to perform and hold the 1598 01:38:11.039 --> 01:38:13.000 bitcoin correctly and that they're going to do everything right. 1599 01:38:13.039 --> 01:38:16.039 They're not going to dump it. The purpose of bitcoin 1600 01:38:16.159 --> 01:38:19.880 is actually to get rid of banks and third party 1601 01:38:20.039 --> 01:38:24.800 counter risk. So it's not in keeping with the spirit 1602 01:38:24.880 --> 01:38:29.000 of bitcoin, but it is still bullish, and it is 1603 01:38:29.039 --> 01:38:32.760 still a level of institutional acceptance for bitcoin that had 1604 01:38:32.800 --> 01:38:36.279 previously not been seen. And so that's why he's pointing 1605 01:38:36.359 --> 01:38:39.920 out the importance of these and then it really gives 1606 01:38:41.039 --> 01:38:45.000 new attitude to something that even even a lot of 1607 01:38:45.039 --> 01:38:47.119 people in the corporate world or the government world were 1608 01:38:47.159 --> 01:38:49.640 still very skeptical about. That's why it's such a huge deal. 1609 01:38:50.159 --> 01:38:52.680 That's part of the reason why bitcoin has surpassed on 1610 01:38:52.720 --> 01:38:54.920 hundred thousand dollars it's not the only reason, it's just 1611 01:38:55.000 --> 01:38:55.479 part of the reason. 1612 01:38:55.600 --> 01:39:01.079 The idea is I bit right, which has just been 1613 01:39:01.119 --> 01:39:02.439 a screaming home run. 1614 01:39:04.920 --> 01:39:07.560 Placing your first option straight, You've come to the right 1615 01:39:07.640 --> 01:39:10.439 place with real time insights from. 1616 01:39:12.039 --> 01:39:14.520 Not only is it run past nearly all of the 1617 01:39:14.920 --> 01:39:19.039 blackrock ETFs and all the other atfs, it's actually outstripped 1618 01:39:19.119 --> 01:39:23.520 Blackrocks Gold Fund, which is around forever IAU and it 1619 01:39:23.600 --> 01:39:28.479 did it in twelve months. Right, digital gold is better 1620 01:39:28.600 --> 01:39:32.680 than gold, just like digital photos are better than physical photos, 1621 01:39:32.760 --> 01:39:37.399 and digital videos are better than your you know, than 1622 01:39:37.439 --> 01:39:42.000 your VHS cassettes. Right, it's not a complicated idea. I 1623 01:39:42.159 --> 01:39:43.800 digitally transformed something. 1624 01:39:44.000 --> 01:39:45.319 It's a million times. 1625 01:39:45.199 --> 01:39:47.479 And now better. There he's talking about in terms of 1626 01:39:47.520 --> 01:39:53.479 efficiency and ease and simplicity, not onto logically metaphysically better, 1627 01:39:53.640 --> 01:40:00.239 because I believe in physical things. We're not gnostics leaving 1628 01:40:00.239 --> 01:40:04.079 the incarnation. And I mean, there's nothing about this system 1629 01:40:04.159 --> 01:40:08.560 that necessitates that you never have the physical items. For example, 1630 01:40:08.680 --> 01:40:11.279 when people who are big gold bulls are constantly telling 1631 01:40:11.359 --> 01:40:15.239 me that oh, goal's superiora We'll go Google. Uh, well, 1632 01:40:15.840 --> 01:40:19.520 if you want more gold, then logically you should have 1633 01:40:19.880 --> 01:40:22.439 more bitcoin because in ten years, you'll be able to 1634 01:40:22.479 --> 01:40:25.039 buy all the gold you want from putting all of 1635 01:40:25.279 --> 01:40:28.439 your stash into bitcoin. In my opinion, that's my analysis. 1636 01:40:28.920 --> 01:40:31.760 So there's a life, there's a gold hack for you. 1637 01:40:31.840 --> 01:40:33.479 If you want to get more gold, gold all over 1638 01:40:33.680 --> 01:40:36.079 my chain, go to lover my watch. Don't believe me, 1639 01:40:36.239 --> 01:40:42.600 just watch. It makes sense to have had bitcoin for 1640 01:40:42.600 --> 01:40:43.359 the next ten years. 1641 01:40:43.800 --> 01:40:43.960 Mine. 1642 01:40:43.960 --> 01:40:47.840 It's smarter, a million times faster, a million times more ubiquitous, 1643 01:40:48.159 --> 01:40:52.119 a million times you know, lighter than the thing that 1644 01:40:52.239 --> 01:40:57.800 it replaced. In twenty twenty four ten in the top 1645 01:40:57.920 --> 01:41:02.960 twenty ETFs launch, we're all based on bitcoin, right, So 1646 01:41:03.920 --> 01:41:06.279 everybody's cool ideas, right, it's based on. 1647 01:41:06.359 --> 01:41:08.560 Bitcoin or some derivative of bitcoin. 1648 01:41:12.039 --> 01:41:18.760 Those spot bitcoin ETFs, they are their compliance gateways or rappers. 1649 01:41:19.720 --> 01:41:22.640 If I want to buy bitcoin, then I have to 1650 01:41:22.720 --> 01:41:27.079 solve the compliance problem, the compatibility problem, the convenience problem. 1651 01:41:28.000 --> 01:41:32.520 And in January of twenty twenty four the first ETFs 1652 01:41:32.560 --> 01:41:35.960 got approved in the US to do this. This is 1653 01:41:36.039 --> 01:41:40.159 the list of them. In that twelve months, they siphoned 1654 01:41:40.239 --> 01:41:43.760 up one hundred and nine billion dollars of AUM. So 1655 01:41:43.840 --> 01:41:46.079 it gives you a sense of just how fast they moved. 1656 01:41:47.880 --> 01:41:52.319 They were a solution to a problem, right, But it's 1657 01:41:52.399 --> 01:41:57.800 not just a US phenomena. ETFs that are backing bitcoin 1658 01:41:58.199 --> 01:42:00.760 or back by bitcoin are popping up every country in 1659 01:42:00.840 --> 01:42:03.640 the world, and so you can see they're in Canada, 1660 01:42:03.720 --> 01:42:04.560 they're in Swen. 1661 01:42:05.239 --> 01:42:09.199 Now this is important because not only do the ETF 1662 01:42:09.319 --> 01:42:14.680 signify institutional acceptance. Now that the Trump administration sends the 1663 01:42:15.399 --> 01:42:18.439 Bitcoin conference which we were at where we heard Trump speak, 1664 01:42:19.840 --> 01:42:25.359 he wants, along with Senator loomis the future Strategic Bitcoin Reserve, 1665 01:42:26.720 --> 01:42:29.479 which if that passes, it may not, We don't know. 1666 01:42:30.479 --> 01:42:33.079 Bitcoin's future is not ultimately dependent upon that. But if 1667 01:42:33.119 --> 01:42:36.119 that does pass, and if they do over the next 1668 01:42:36.159 --> 01:42:39.960 five years purchase a million bitcoin, that will send bitcoin 1669 01:42:40.079 --> 01:42:42.079 to the moon. And the reason why it's not just 1670 01:42:42.359 --> 01:42:46.520 US purchase, it's also the fact that that will be 1671 01:42:46.840 --> 01:42:49.800 also a supply shock, and the supply shock due to 1672 01:42:50.199 --> 01:42:54.560 supply and demand would send the price even higher than 1673 01:42:54.920 --> 01:42:58.399 drumpt of because it's not just America, it's also the 1674 01:42:58.520 --> 01:43:02.199 other nation states. Nobody would want to be last when 1675 01:43:02.279 --> 01:43:05.199 that occurs, so everybody will be wanting to front run 1676 01:43:05.279 --> 01:43:09.079 the other countries. You see, So it's not just a 1677 01:43:09.119 --> 01:43:10.800 matter of the ETFs. And it's not just a matter 1678 01:43:10.920 --> 01:43:16.560 of the other countries. It's also the supply shock that 1679 01:43:16.800 --> 01:43:20.680 there's not that much bitcoin to go around. That means 1680 01:43:20.720 --> 01:43:24.600 the demand rises the price even more. You see. So 1681 01:43:24.760 --> 01:43:27.359 let's move past the gold stuff here and let's get 1682 01:43:27.359 --> 01:43:32.880 over into somethings. 1683 01:43:30.359 --> 01:43:31.039 Around the world. 1684 01:43:35.600 --> 01:43:39.560 Wealthy families, they're always looking for how to diversify their assets. 1685 01:43:39.600 --> 01:43:43.359 It's like I own a bunch of real estate or diversified. 1686 01:43:43.560 --> 01:43:46.399 So you understand, like the rich people in the world 1687 01:43:46.479 --> 01:43:50.479 are doing this, and you've had the opportunity to front 1688 01:43:50.560 --> 01:43:54.000 run the fortune one hundred, fortune five hundred and the billionaires, 1689 01:43:54.119 --> 01:43:57.159 and now they're figuring this out. You could have front 1690 01:43:57.239 --> 01:44:02.399 run all these people. And even when they all convert 1691 01:44:02.479 --> 01:44:06.439 to wanting this as they are right now, goofballs. There's 1692 01:44:06.560 --> 01:44:10.840 not enough to go around. There's very little bitcoin two 1693 01:44:10.960 --> 01:44:15.640 go around. And so the more this catches on, the 1694 01:44:15.680 --> 01:44:19.039 more people figure this out, the more there's going to 1695 01:44:19.119 --> 01:44:24.600 be a rush to get bitcoin. Now that might not 1696 01:44:24.720 --> 01:44:29.079 happen in this year we're talking about. Sailor's estimation is 1697 01:44:30.159 --> 01:44:34.520 what do you say, thirteen million dollar bitcoin in ten years, 1698 01:44:34.720 --> 01:44:38.159 thirteen years, fifteen years, something like that, which that alone 1699 01:44:38.279 --> 01:44:45.319 is phenomenal. It might be more, but via his estimation, right, 1700 01:44:45.399 --> 01:44:48.479 so that would be a what is that one hundred 1701 01:44:48.520 --> 01:44:53.039 acts from where we are roughly in thirteen years, which 1702 01:44:53.079 --> 01:44:58.359 actually makes sense because already every fourty five years bitcoin 1703 01:44:58.439 --> 01:45:00.960 does a ten x or I want them. 1704 01:45:00.880 --> 01:45:05.039 All other alternative assets, Well, there's sixty global billionaires that 1705 01:45:05.159 --> 01:45:07.119 we know publicly are invested in bitcoin. 1706 01:45:07.600 --> 01:45:08.840 I give you a short list. 1707 01:45:09.640 --> 01:45:13.399 But the more important point is bitcoin is the fastest 1708 01:45:13.479 --> 01:45:17.439 growing alternative investment for high net what high net worth 1709 01:45:17.560 --> 01:45:18.600 individuals in the world. 1710 01:45:19.600 --> 01:45:20.039 And it's a. 1711 01:45:21.560 --> 01:45:25.760 It's a it's a very straightforward, powerful idea. You know, 1712 01:45:26.600 --> 01:45:30.520 I'm going to buy a buildings. That's buying property to 1713 01:45:31.079 --> 01:45:36.039 diversify myself and get away from risk exposure. That's great, 1714 01:45:36.119 --> 01:45:41.039 but buildings are liquid and they're not fungible. What if 1715 01:45:41.039 --> 01:45:43.119 I could buy a digital building, and I could buy it. 1716 01:45:43.159 --> 01:45:45.760 Two hundred dollars at a time, or two hundred million 1717 01:45:45.800 --> 01:45:48.520 dollars at a time, or two billion dollars at a time, 1718 01:45:49.399 --> 01:45:53.520 and what if it offered the same economic property rights, 1719 01:45:53.600 --> 01:45:56.239 if it offered the same characteristics whether you bought two 1720 01:45:56.359 --> 01:45:59.279 hundred dollars or two hundred million dollars of it. 1721 01:46:00.159 --> 01:46:01.359 That's a powerful idea. 1722 01:46:04.159 --> 01:46:08.479 Demetrios Claudo's welcome to members. Remember, guys can go over 1723 01:46:08.560 --> 01:46:11.399 to the members tab to get access to the members talks. 1724 01:46:11.640 --> 01:46:14.479 Emperor Shiv two seventy nine. Jay, I'm doing my thesis 1725 01:46:14.560 --> 01:46:19.119 on the Yakub apparitions. Now that's a man who knows 1726 01:46:19.159 --> 01:46:20.119 how to do theology. 1727 01:46:21.960 --> 01:46:25.920 It's a fungible idea, it's a global idea. It's an 1728 01:46:25.960 --> 01:46:29.680 idea people can remember, right. And it's not likely that 1729 01:46:29.880 --> 01:46:33.319 you can buy the same physical assets that Elon Mosk 1730 01:46:33.399 --> 01:46:36.479 and Mark Zuckerberg own, but you can buy the same 1731 01:46:36.600 --> 01:46:40.000 bitcoin they own, and you've got the same rights parapasu 1732 01:46:40.199 --> 01:46:46.720 to them. There's seven seventy public companies that are capitalizing 1733 01:46:46.800 --> 01:46:49.520 on bitcoin right now. You're starting to see this explode. 1734 01:46:51.199 --> 01:46:55.680 Companies like some Larns, Companies like Mara and Riot and Color, 1735 01:46:56.720 --> 01:46:59.880 you know, all of them are realizing that if they 1736 01:47:00.119 --> 01:47:04.840 recapitalize on bitcoin, they go from investing in a bond 1737 01:47:05.000 --> 01:47:07.720 that loses ten percent of its value a year to 1738 01:47:08.359 --> 01:47:11.479 a bitcoin that gains forty percent more. 1739 01:47:11.479 --> 01:47:12.279 Value a year. 1740 01:47:12.920 --> 01:47:15.359 It's simply flipping of a light switch. This is a 1741 01:47:15.439 --> 01:47:23.399 virtuous economic dynamic. It's spreading virally. You see seventy companies, 1742 01:47:23.479 --> 01:47:25.720 then it'll be seven hundred, then it'll be seven thousand, 1743 01:47:25.800 --> 01:47:27.039 then'll be seventy thousand. 1744 01:47:27.199 --> 01:47:30.800 There's four hundred million companies in the world. Who doesn't 1745 01:47:30.840 --> 01:47:31.359 want money? 1746 01:47:32.199 --> 01:47:34.560 Again, do you people not see that this is the 1747 01:47:34.680 --> 01:47:38.840 logical trajectory here of the goverment's going to shoot it down. 1748 01:47:39.640 --> 01:47:42.279 Don't give me the food from ten years ago. When 1749 01:47:42.319 --> 01:47:45.800 there's now seventy public companies running on bitcoin. 1750 01:47:48.920 --> 01:47:53.720 Those bitcoin ETFs are outperforming all the commodity ETFs. So 1751 01:47:54.760 --> 01:47:57.319 I show you every commodity ETF. What you see is 1752 01:47:57.399 --> 01:48:03.399 Bitcoin's crushing everything. Gold is second best. The rest are 1753 01:48:03.520 --> 01:48:04.520 just trading vehicles. 1754 01:48:06.960 --> 01:48:09.000 Here's the one thing I trust AI to do more 1755 01:48:09.039 --> 01:48:10.760 than you and ironically. 1756 01:48:10.479 --> 01:48:15.640 So I'm going to move ahead spend. There's a ton 1757 01:48:15.680 --> 01:48:17.399 of slides, So I'm going to move ahead to some 1758 01:48:17.520 --> 01:48:20.079 of the slides that are not as interesting and relevant 1759 01:48:20.960 --> 01:48:23.199 that we kind of get the point here. So if 1760 01:48:23.239 --> 01:48:26.279 you wanted to put your move your money in other places, uh, 1761 01:48:26.640 --> 01:48:28.720 none of them have outperformed bitcoin. 1762 01:48:33.800 --> 01:48:37.039 It's a it's another form of technology. It is it 1763 01:48:37.199 --> 01:48:41.479 is economic technology. I think of it as digital energy. 1764 01:48:42.560 --> 01:48:46.119 But and this is why I often refer to the 1765 01:48:46.319 --> 01:48:49.960 energy metaphysics side of it as well. Sailor being an engineer, 1766 01:48:50.960 --> 01:48:55.680 he's very attuned to the physics and the engineering aspects 1767 01:48:55.720 --> 01:48:58.800 of it. Myself, being a philosopher, I'm very attuned to 1768 01:48:59.159 --> 01:49:02.880 the metaph physics aspects of this. Again, what makes money 1769 01:49:02.960 --> 01:49:07.960 money is to visible, portable, durable, recognizable, scarce and scarcity 1770 01:49:08.079 --> 01:49:11.000 is of course its the most important feature. And that's 1771 01:49:11.000 --> 01:49:15.800 why bitcoin is the scarcest asset, the hardest asset, given 1772 01:49:15.840 --> 01:49:18.640 that there's only twenty one million bitcoin that will ever exist. 1773 01:49:19.479 --> 01:49:21.359 You know, if you started with this trope and you said, 1774 01:49:21.399 --> 01:49:22.439 what did Satoshi do? 1775 01:49:23.359 --> 01:49:29.159 Satoshi discovered a method to transfer value without a trusted intermediary, 1776 01:49:29.920 --> 01:49:32.760 and people oftentimes repeat that, But. 1777 01:49:32.880 --> 01:49:36.720 That's that's the energy transfer, the value transfer that I 1778 01:49:36.840 --> 01:49:40.920 talked about, without counterparty risk, without third party risk. So 1779 01:49:41.000 --> 01:49:45.119 in other words, we're not having to rely on corrupt politicians, 1780 01:49:45.159 --> 01:49:52.560 corrupt bankers, corrupt security state people making sure that the 1781 01:49:52.680 --> 01:49:56.079 money goes where it's supposed to go. You see, it 1782 01:49:56.199 --> 01:49:59.960 can be done without those intermediaries, and that is a huge, 1783 01:50:00.079 --> 01:50:04.439 huge piece of the puzzle to remute remove corruption. Don't 1784 01:50:04.479 --> 01:50:09.439 you understand? Now there's not some group, some guy who 1785 01:50:09.520 --> 01:50:11.960 can just willy nilly decide how much money to print 1786 01:50:12.039 --> 01:50:13.119 to to value the currency. 1787 01:50:13.439 --> 01:50:15.960 Small idea, it's not the big idea. 1788 01:50:16.880 --> 01:50:20.359 Yes, we transfer a billion dollars from point A to 1789 01:50:20.479 --> 01:50:24.920 point B without a bank. The big idea is, in 1790 01:50:25.079 --> 01:50:28.560 order to transfer value without an intermediary, you have to 1791 01:50:28.720 --> 01:50:32.880 store the value without an intermediary. The big idea is 1792 01:50:32.960 --> 01:50:40.000 I put the billion dollars into cyberspace forever money in order. 1793 01:50:40.119 --> 01:50:43.439 The big idea is we launched a payload into orbit. 1794 01:50:44.039 --> 01:50:46.720 When you launch a payload into a ballistic trajectory, it 1795 01:50:46.800 --> 01:50:50.079 comes back to Earth. When you launch it into orbit, 1796 01:50:50.199 --> 01:50:54.239 it orbits forever. Right when you get to escape velocity, 1797 01:50:54.319 --> 01:50:58.079 maybe it's never coming back. So imagine the idea that 1798 01:50:58.159 --> 01:51:00.439 I could put a billion dollars into a bank in 1799 01:51:00.520 --> 01:51:07.039 cyberspace that would stay there, untarnished, not corroding, right, without 1800 01:51:07.119 --> 01:51:09.399 being debased, forever. 1801 01:51:11.239 --> 01:51:11.680 Like forever. 1802 01:51:11.760 --> 01:51:15.199 It's such a powerful idea, right, it's frictionless, it's superconducting. 1803 01:51:15.880 --> 01:51:19.560 The big idea is store value without intermediary. It means 1804 01:51:19.600 --> 01:51:23.399 you transcend banks, you transcend physical laws. 1805 01:51:24.319 --> 01:51:24.439 Right. 1806 01:51:24.720 --> 01:51:25.560 This represents a. 1807 01:51:25.560 --> 01:51:29.600 Digital transformation to capital, from financial and physical assets to 1808 01:51:29.760 --> 01:51:34.640 digital pure digital, Like how much does a book weigh 1809 01:51:36.479 --> 01:51:39.680 if it's the Encyclopedia Britannica. How much does it weigh 1810 01:51:39.760 --> 01:51:44.039 when it's a digital Encyclopedia Britannica. One of them is 1811 01:51:44.079 --> 01:51:48.079 a billion trillion times lighter than the other. It's the 1812 01:51:48.560 --> 01:51:53.760 fundamental phase shift. Now what's that worth? Well, global wealth 1813 01:51:53.880 --> 01:51:56.520 is divided across a bunch of assets. Here's a nine 1814 01:51:56.640 --> 01:52:01.399 hundred trillion dollar wealth chart. People own half those things 1815 01:52:01.439 --> 01:52:03.079 for utility, they own buildings. 1816 01:52:03.560 --> 01:52:07.680 So the reason he's talking about this is the estimated 1817 01:52:07.800 --> 01:52:14.920 global wealth in assets or any other you know things, money, cash, whatever, bonds, 1818 01:52:16.159 --> 01:52:20.760 all those assets, how they're divvied up in terms of 1819 01:52:20.800 --> 01:52:25.039 an estimate globally you have three hundred trillion in bonds, 1820 01:52:25.159 --> 01:52:27.600 one hundred and twenty in money, three hundred and thirty 1821 01:52:27.640 --> 01:52:32.880 trillion in real estate, eighteen trillion in art luxury items 1822 01:52:33.079 --> 01:52:38.520 like cars and collectibles, six trillion. Global asset value including 1823 01:52:38.640 --> 01:52:42.399 equities in gold then being nine hundred trillion. The point 1824 01:52:42.479 --> 01:52:47.079 is that although you will still have these things, as 1825 01:52:47.560 --> 01:52:53.479 bitcoin being the superior store of value comes to be, 1826 01:52:54.680 --> 01:52:57.720 it will eat these things, and so those things will 1827 01:52:57.760 --> 01:53:00.920 no longer be the stores of value. All the store 1828 01:53:00.960 --> 01:53:03.520 of value will shift to bitcoin like a giant black hole, 1829 01:53:03.560 --> 01:53:08.000 as Max Kaiser said, And then these things, maybe not 1830 01:53:08.199 --> 01:53:13.520 money but real estate, equity, art, whatever, they will be 1831 01:53:13.640 --> 01:53:18.359 denominated in bitcoin eventually. Most likely. Now there could be 1832 01:53:18.479 --> 01:53:21.920 some other thing that develops, some other crypto or something 1833 01:53:21.960 --> 01:53:24.560 that people use at a smaller day to day level. 1834 01:53:24.600 --> 01:53:27.880 Who knows a form of tether, a form of I 1835 01:53:27.920 --> 01:53:33.039 don't know. Could be other things. But Bitcoin becomes ultimately 1836 01:53:33.359 --> 01:53:38.399 the global store of value, store of wealth because there's 1837 01:53:38.479 --> 01:53:41.600 nothing else that is superior to it for that purpose. 1838 01:53:42.159 --> 01:53:45.880 Doesn't mean that people don't still want art or collectibles. 1839 01:53:45.960 --> 01:53:50.279 It just means that the shift for value store is 1840 01:53:50.359 --> 01:53:53.960 to bitcoin. And then people have those things as they 1841 01:53:54.079 --> 01:53:55.840 want and trade them and use them and buy them 1842 01:53:55.880 --> 01:53:57.520 as they want. They're still going to be markets, but 1843 01:53:58.319 --> 01:54:02.039 there's nothing that will be superior in terms of store value. 1844 01:54:02.239 --> 01:54:05.800 Obviously then bitcoin. This is why this is So when 1845 01:54:05.920 --> 01:54:11.760 what's this clicks, then you understand it. Then you understand, oh, oh, 1846 01:54:12.439 --> 01:54:15.960 this is why it's going to be ten million dollars 1847 01:54:16.000 --> 01:54:17.680 a coin, et cetera, et cetera. 1848 01:54:17.880 --> 01:54:20.439 Divide it across a bunch of assets. Here's a nine 1849 01:54:20.560 --> 01:54:25.319 hundred trillion dollar wealth chart. People own half those things 1850 01:54:25.359 --> 01:54:28.760 for utility. They own buildings to live in or work in, 1851 01:54:28.880 --> 01:54:31.680 and they own cars to drive, and they own companies 1852 01:54:31.720 --> 01:54:34.439 to operate. But the other half of the assets are 1853 01:54:34.520 --> 01:54:38.159 just held as a long term store capital. You bought 1854 01:54:38.239 --> 01:54:40.479 it because you had money and you needed to put 1855 01:54:40.520 --> 01:54:42.760 the money to work, so you bought the You have 1856 01:54:42.840 --> 01:54:44.840 a land bank, you bought a bunch of land, you 1857 01:54:44.920 --> 01:54:48.199 bought a bunch of commercial real estate, you bought a 1858 01:54:48.279 --> 01:54:52.920 bunch of bonds. Half of everything is just long term capital. 1859 01:54:54.359 --> 01:54:59.520 So if that's what half of everything is, what's the problem. Well, 1860 01:54:59.560 --> 01:55:01.800 the problem is when you put your money, your four 1861 01:55:01.880 --> 01:55:05.560 uner fifty trillion, into that long term comptal investment, you 1862 01:55:05.680 --> 01:55:08.840 get hit with taxes, income tax, you get hit with 1863 01:55:08.960 --> 01:55:15.560 wage controls, price controls, regulations. There's a fire in California, 1864 01:55:15.680 --> 01:55:18.640 there's a hurricane in Florida. 1865 01:55:19.439 --> 01:55:21.279 There's a war in Russia. 1866 01:55:21.359 --> 01:55:24.359 Now the point of this is most of what's listed here, 1867 01:55:26.399 --> 01:55:31.239 for the most part, isn't really It cannot affect bitcoin ultimately. 1868 01:55:31.880 --> 01:55:34.279 Now there might be a regional thing where some government 1869 01:55:34.399 --> 01:55:36.600 tries to say you can't hold bitcoin or whatever, and 1870 01:55:37.000 --> 01:55:40.079 how might they go about that. Well, if you have 1871 01:55:40.520 --> 01:55:42.880 your own private keys memorized. There's not much they can 1872 01:55:42.960 --> 01:55:47.520 do except if you have your bitcoin on an exchange. 1873 01:55:47.560 --> 01:55:50.600 It's conceivably a government could seize an exchange, right say, 1874 01:55:50.840 --> 01:55:55.119 we decree that you know, xyz exchange for the national security, 1875 01:55:55.239 --> 01:55:57.319 we must seize it, you know, kind of a what 1876 01:55:57.880 --> 01:56:01.000 FDR did with gold type of thing. So those things 1877 01:56:01.039 --> 01:56:04.560 are possible, but they're not as likely now that this 1878 01:56:04.680 --> 01:56:10.000 administration is very pro crypto, pro bitcoin. Now that you 1879 01:56:10.079 --> 01:56:13.479 know you have institutional acceptance, corporate acceptance, et cetera, things 1880 01:56:13.720 --> 01:56:16.039 have moved away from a lot of the older fears 1881 01:56:16.159 --> 01:56:20.039 that we had ten fifty, ten eleven years ago for bitcoin, 1882 01:56:20.239 --> 01:56:22.319 all the stuff that all the food that they said 1883 01:56:22.359 --> 01:56:24.760 ten years ago, five years ago, even all the governments 1884 01:56:24.760 --> 01:56:27.640 are gonna ban it, They're gonna come steal all your 1885 01:56:27.680 --> 01:56:29.279 big goin like that. Not a lot of that's not 1886 01:56:29.520 --> 01:56:39.840 possible again because they can't really stop what has already 1887 01:56:41.479 --> 01:56:45.640 grown to be. So, like Putin said, who can really 1888 01:56:45.680 --> 01:56:46.399 stop this now? 1889 01:56:46.960 --> 01:56:47.079 Right? 1890 01:56:47.119 --> 01:56:49.159 Putin said this a couple of weeks ago. How do 1891 01:56:49.199 --> 01:56:52.359 you can't really stop bitcoin anymore? It's too late, It's 1892 01:56:52.359 --> 01:56:56.680 already global, it's already decentralized. There's no one headquarters. You 1893 01:56:56.800 --> 01:56:58.560 can't shut down all the nodes. 1894 01:56:58.239 --> 01:56:58.680 In the world. 1895 01:56:58.720 --> 01:57:05.680 It's just not possible. But other assets money, cash, et cetera. Gold, 1896 01:57:05.800 --> 01:57:09.159 and gold is subject to all of these risk factors 1897 01:57:10.119 --> 01:57:13.800 you see at least way more subject than bitcoin is. 1898 01:57:14.119 --> 01:57:16.279 So again another plus. 1899 01:57:17.319 --> 01:57:20.119 Lash, there's going to be an inefficiency there. 1900 01:57:21.520 --> 01:57:25.079 Well, bitcoin is an asset without that financial risk of 1901 01:57:25.159 --> 01:57:27.520 the currency, the stock, or the bonds you're going to buy, 1902 01:57:27.720 --> 01:57:30.159 and it doesn't have the physical risk of real estate 1903 01:57:30.800 --> 01:57:33.520 or property because you put it in cyberspace. 1904 01:57:33.720 --> 01:57:34.560 It is an orbit. 1905 01:57:35.319 --> 01:57:38.520 It is outside of the political domain, outside of the 1906 01:57:38.600 --> 01:57:44.319 physical domain, outside of a currency domain, and that is. 1907 01:57:45.920 --> 01:57:48.600 A solution to long term capital. 1908 01:57:49.680 --> 01:57:54.159 Now again, I want everybody to watch this whole lecture. Eventually, 1909 01:57:54.279 --> 01:57:55.880 if you have to leave, you don't want to spend 1910 01:57:55.880 --> 01:58:00.279 all this fine, just go Finally, eventually, please have watch 1911 01:58:00.359 --> 01:58:03.680 this whole thing, because if you disagree, I want to 1912 01:58:03.800 --> 01:58:05.640 know that you've at least watched this and you have 1913 01:58:05.920 --> 01:58:08.800 arguments or bases you at least understand the position right 1914 01:58:08.840 --> 01:58:15.840 before you disagree. People say in the chat, Obbsy becomes 1915 01:58:15.840 --> 01:58:18.119 a member, shout out to Ben says for five dollars. 1916 01:58:18.199 --> 01:58:20.479 What side are out to buy bitcoin? In the show 1917 01:58:20.560 --> 01:58:24.079 description is my link to Swan Bitcoin. Swan is an 1918 01:58:24.159 --> 01:58:27.199 only bitcoin only company, so there's a little it's a 1919 01:58:27.239 --> 01:58:31.079 little more difficult in terms of getting started there, but 1920 01:58:31.600 --> 01:58:33.560 it is a bitcoin only and you'll need to sort 1921 01:58:33.560 --> 01:58:37.039 of transfer it to a cold storage wallet. It may 1922 01:58:37.119 --> 01:58:40.199 not be the easiest, but it is probably the safest. 1923 01:58:41.279 --> 01:58:44.279 But the easiest route is through something like coinbase. I'm 1924 01:58:44.319 --> 01:58:47.000 not a huge fan, but it's the easiest way to 1925 01:58:47.199 --> 01:58:48.840 purchase in on ramp. 1926 01:58:50.159 --> 01:58:53.520 But what you see is you see smart money everywhere 1927 01:58:53.560 --> 01:58:57.840 in the world. Smart here's the big idea. A bitcoin 1928 01:58:58.600 --> 01:59:03.239 you get to keep your money. That's the idea. Who 1929 01:59:03.399 --> 01:59:07.680 cares people that live in China and Russia and Africa 1930 01:59:07.960 --> 01:59:12.520 and South America and Asia and Europe that want to 1931 01:59:12.640 --> 01:59:16.880 keep their money. And so the money is flowing from 1932 01:59:16.960 --> 01:59:23.199 those long term capital assets, from that warehouse, from that currency, 1933 01:59:23.439 --> 01:59:28.439 from that South American bond, from that bar of gold 1934 01:59:31.600 --> 01:59:37.439 is flowing into bitcoin. Bitcoin is digital capital. So I 1935 01:59:37.479 --> 01:59:41.199 would submit to you I think the greatest digital transformation 1936 01:59:41.439 --> 01:59:44.600 of the twenty first century more important than. 1937 01:59:44.560 --> 01:59:48.079 Digital music or trying to catch your breath. 1938 01:59:54.560 --> 01:59:54.840 Kits. 1939 01:59:56.439 --> 02:00:00.279 So imagine your one hundred million dollar building. I give 1940 02:00:00.279 --> 02:00:02.560 you one hundred million dollars and you own a building 1941 02:00:02.600 --> 02:00:07.399 in La Okay, or put it in Miami, or put 1942 02:00:07.439 --> 02:00:12.159 it in any city in the world, in Istanbul, and 1943 02:00:12.279 --> 02:00:16.279 now digitally transform it. What happens when you digitally transform 1944 02:00:16.359 --> 02:00:19.439 one hundred million dollar building, Well, you get rid of 1945 02:00:19.560 --> 02:00:22.119 all the things that are liabilities. You get rid of 1946 02:00:22.199 --> 02:00:25.079 the tax, the traffic, the tenants to torts, the trouble, 1947 02:00:25.239 --> 02:00:33.119 the weather, the corrosion, the regulator, the fact that you 1948 02:00:33.239 --> 02:00:36.279 can't move it. And then you add all the things 1949 02:00:36.319 --> 02:00:39.359 that make something more valuable. Right, how do you make 1950 02:00:39.399 --> 02:00:44.600 the building more valuable? You make it invisible, indestructible. 1951 02:00:43.800 --> 02:00:46.000 In more notice. Some of these are the things that 1952 02:00:46.119 --> 02:00:51.359 I mentioned about. What are the characteristics of money, divisibility, portable, 1953 02:00:51.600 --> 02:00:56.079 that is, teleportable, durable, recognizable, scarcity, et cetera. 1954 02:00:56.640 --> 02:01:01.920 Teleportable, programmable, divisible. You make it ungible, configurable, you make 1955 02:01:02.000 --> 02:01:06.159 it volatile. These things make the building more valuable. The 1956 02:01:06.279 --> 02:01:10.520 other things make the building less valuable. Bitcoin is, in essence, 1957 02:01:10.800 --> 02:01:14.720 just that digital transformation. If you had your one hundred 1958 02:01:14.720 --> 02:01:18.159 million dollar building in Ukraine, or you had it in 1959 02:01:18.319 --> 02:01:21.479 Syria or you had it and fill in the blank 1960 02:01:21.600 --> 02:01:26.720 Venezuela or Cuba or La, or you had it in 1961 02:01:27.279 --> 02:01:30.159 the path of whatever storm, or you had it in Moscow. 1962 02:01:31.319 --> 02:01:32.239 What's it worth now? 1963 02:01:33.000 --> 02:01:33.119 Right? 1964 02:01:33.760 --> 02:01:39.960 And how does it degrade? Digital capital is global capital? 1965 02:01:41.640 --> 02:01:41.760 Right? 1966 02:01:42.079 --> 02:01:44.399 This idea of a building, right, It's like we can 1967 02:01:44.479 --> 02:01:46.720 debate whether or not you want your building in New 1968 02:01:46.840 --> 02:01:52.680 York or Miami, or La or San Francisco. But if 1969 02:01:52.720 --> 02:01:56.000 I took if I gave you a billion dollars and 1970 02:01:56.159 --> 02:02:00.319 I dropped you in Africa, and I said to you, Okay, 1971 02:02:00.439 --> 02:02:03.439 I want you to go buy a mixture of African 1972 02:02:04.439 --> 02:02:06.119 assets worth a billion dollars. 1973 02:02:06.159 --> 02:02:08.880 Buy anything you want, buy it in any country. 1974 02:02:09.520 --> 02:02:14.159 Buy land by the buy the buildings, buy the companies, 1975 02:02:14.600 --> 02:02:18.600 Buy your favorite African currency, buy the Egyptian pound, buy 1976 02:02:18.720 --> 02:02:24.159 the naira, buy the krugar rand, buy a concession on 1977 02:02:24.319 --> 02:02:29.680 a whatever safari, Buy tents, buy mineral rights, buy it 1978 02:02:29.760 --> 02:02:31.039 all the catches. 1979 02:02:31.079 --> 02:02:33.680 You have to hold it for one hundred years in Africa? 1980 02:02:35.840 --> 02:02:38.600 What are you going to buy? And now here's the 1981 02:02:38.640 --> 02:02:40.319 second question. Now they gave you a choice. 1982 02:02:40.800 --> 02:02:43.119 You can either buy all that stuff and be locked 1983 02:02:43.199 --> 02:02:46.279 in that in that investment for one hundred years. Or 1984 02:02:47.159 --> 02:02:50.000 you can buy digital capital and the bitcoin network that 1985 02:02:50.520 --> 02:02:53.640 all the other smart rich people own and that you 1986 02:02:53.720 --> 02:02:56.960 can carry with you in your pocket. Or you can 1987 02:02:57.079 --> 02:02:59.760 zap it out of the you know, out of Africa 1988 02:03:00.880 --> 02:03:03.720 and it's in cyberspace and is not subject to African 1989 02:03:03.840 --> 02:03:05.039 political Jersey. 1990 02:03:05.439 --> 02:03:10.119 Point being that constantly hammering home that is on the 1991 02:03:10.159 --> 02:03:14.319 part of sailor the point being that it's superior to 1992 02:03:14.680 --> 02:03:19.119 real estate, to land. Right, digital capital is superior to 1993 02:03:19.760 --> 02:03:22.960 land capital. And you're talking about bitcoin, not talking about 1994 02:03:23.079 --> 02:03:26.720 NFTs or whatever. Right, So let's skip ahead and let's 1995 02:03:26.720 --> 02:03:31.159 talk about how it's a revolutionary advance in preservation Higeria. 1996 02:03:31.319 --> 02:03:33.840 You can buy a billion in bitcoin, but you cannot 1997 02:03:33.880 --> 02:03:36.640 buy a billion dollars of real estate in New York City, 1998 02:03:36.800 --> 02:03:39.479 and you cannot put your billion dollars into JP Morgan 1999 02:03:40.279 --> 02:03:42.039 and so you see on a relative base. 2000 02:03:42.239 --> 02:03:45.600 So we got a super chat from Bobby C. Five dollars. 2001 02:03:46.600 --> 02:03:48.640 I used one bitcoin. I would recommend it. Yeah, my 2002 02:03:48.800 --> 02:03:53.000 last significant purchases were from Swan. I have a Swan 2003 02:03:54.000 --> 02:03:56.239 referral link in the show description. If you want to 2004 02:03:56.239 --> 02:04:02.920 get started bitcoin only. It's not the easiest, but you know, 2005 02:04:03.359 --> 02:04:06.119 it's you know, if you want to go wallet wise, 2006 02:04:07.239 --> 02:04:13.239 there's jade blockstream jade. Somebody gave me a like a 2007 02:04:13.359 --> 02:04:15.199 cold cart a long time ago. I never did use 2008 02:04:15.279 --> 02:04:20.319 it though, Airrod forty three five dollars. What do you 2009 02:04:20.319 --> 02:04:23.520 think about XRP? Not a fan, don't don't own it, 2010 02:04:24.359 --> 02:04:32.359 not interested in CEO centralized coins. People may trade it 2011 02:04:32.439 --> 02:04:34.479 in the short term and make money, but no, I 2012 02:04:34.520 --> 02:04:35.680 don't care about XRP. 2013 02:04:37.239 --> 02:04:41.000 There's a certain appeal here and then here we can 2014 02:04:41.079 --> 02:04:46.760 see bitcoin is. It's a revolutionary advance and capital preservation. 2015 02:04:47.039 --> 02:04:49.520 Everything you own in this world probably has a useful 2016 02:04:49.600 --> 02:04:53.079 life of ten to one hundred years. So what if 2017 02:04:53.119 --> 02:04:54.800 I give you something with a useful life of a 2018 02:04:54.880 --> 02:04:59.600 thousand years? Like when gold in place of two percent 2019 02:04:59.640 --> 02:05:01.520 a year, that means it's got a half life of 2020 02:05:01.600 --> 02:05:05.000 thirty five years. Your capital in gold as a thirty 2021 02:05:05.079 --> 02:05:08.960 five year half life. When something inflates of zero percent 2022 02:05:09.039 --> 02:05:11.439 a year, your capital and that thing has a half 2023 02:05:11.520 --> 02:05:15.520 life of forever. There's the difference between two percent and 2024 02:05:15.720 --> 02:05:19.560 zero percent. Is I live thirty five years, I live 2025 02:05:19.680 --> 02:05:23.680 for a billion years. It's a pretty big difference. When 2026 02:05:23.720 --> 02:05:24.520 you compound it. 2027 02:05:26.279 --> 02:05:27.199 Your time matters. 2028 02:05:27.760 --> 02:05:30.000 So let us automate the manual tasks by you. 2029 02:05:33.479 --> 02:05:36.279 So this thing we call bitcoin, it's a network. 2030 02:05:36.880 --> 02:05:41.199 It's secured by energy, by electro energy, by computer power, 2031 02:05:41.359 --> 02:05:45.600 by political power, by economic power. It's simply put, it's 2032 02:05:45.680 --> 02:05:48.800 the most powerful crypto network in the world. 2033 02:05:49.079 --> 02:05:50.800 Has the most popular support. 2034 02:05:51.680 --> 02:05:55.079 It has more computer power than Amazon or Microsoft could 2035 02:05:55.159 --> 02:05:56.279 muster if they wanted to. 2036 02:05:57.000 --> 02:05:58.359 People say, what's it back by? 2037 02:05:59.359 --> 02:06:03.119 It's just back by power, a lot of power, right, 2038 02:06:03.720 --> 02:06:07.119 the political power to topple or tip an election, which 2039 02:06:07.199 --> 02:06:08.600 is what just happened in the US. 2040 02:06:09.520 --> 02:06:09.680 Right. 2041 02:06:10.359 --> 02:06:15.479 The computer power that is such a dense hash wall 2042 02:06:16.119 --> 02:06:18.840 that every computer on Earn turned against it, wouldn't donnant. 2043 02:06:21.680 --> 02:06:23.840 Let me switch gears to a twenty one year out 2044 02:06:23.920 --> 02:06:26.960 look a bitcoin. What do I think is going to happen? Well, 2045 02:06:27.039 --> 02:06:29.840 I've got an open source model. It's called Bitcoin twenty four. 2046 02:06:30.000 --> 02:06:33.399 You can google. It is on GitHub. You can download this. 2047 02:06:33.720 --> 02:06:35.840 You can plug in all your assumptions and create your 2048 02:06:35.880 --> 02:06:39.479 own forecast. But I think looking out over the next 2049 02:06:39.520 --> 02:06:42.840 twenty one years, you know, I just I think the 2050 02:06:42.960 --> 02:06:46.560 money supply, the currency supply, will continue to grow. You're 2051 02:06:46.560 --> 02:06:49.159 going to You're going to continue to see innovation, You're 2052 02:06:49.159 --> 02:06:54.439 going to see equities continue to grow, goal will gradually underperform. 2053 02:06:54.880 --> 02:06:59.840 Of course, Bitcoin is going to overperform. Equities will overperform 2054 02:07:00.239 --> 02:07:04.680 because of AI and technology. And this is a simple, 2055 02:07:05.000 --> 02:07:07.920 a simple view I put forth in Nashville in July, 2056 02:07:08.119 --> 02:07:10.880 and I haven't really changed from it. I expect the 2057 02:07:10.920 --> 02:07:14.600 bitcoin's going to go from sixty percent ARAR decelerating to 2058 02:07:14.680 --> 02:07:18.000 twenty percent for a blended rate of twenty nine percent. 2059 02:07:18.560 --> 02:07:21.960 I think the volatility, this is your annual return rate 2060 02:07:22.079 --> 02:07:29.159 on average right hit sailor's bare case that is worst 2061 02:07:29.199 --> 02:07:34.359 case scenario for bitcoin by twenty forty five, three million, 2062 02:07:36.239 --> 02:07:40.600 base case scenario thirteen million, bowl case scenario forty nine million. 2063 02:07:41.920 --> 02:07:47.960 And that's with percentage of global assets in bitcoin. If 2064 02:07:48.000 --> 02:07:52.000 it's only seven percent by twenty forty five, that's thirteen million, 2065 02:07:52.199 --> 02:07:55.520 and that could happen sooner than twenty forty five. Twenty 2066 02:07:55.560 --> 02:07:59.600 two percent of global wealth and assets is what gets 2067 02:07:59.640 --> 02:08:03.640 you to forty nine million dollar per bitcoin. So right 2068 02:08:03.720 --> 02:08:07.880 now we're at he put July, I mean, we're at 2069 02:08:08.359 --> 02:08:12.600 to the coin's like a two trillion dollar market cut right, Yeah, 2070 02:08:12.720 --> 02:08:16.840 two trillion dollars right now, and that's over one hundred 2071 02:08:16.840 --> 02:08:25.239 thousand dollars bitcoin. So if we get a two hundred 2072 02:08:25.239 --> 02:08:31.279 and eighty trillion dollar bitcoin by twenty forty five or earlier, 2073 02:08:31.880 --> 02:08:37.960 I mean, that's a what one hundred plus X, that's 2074 02:08:38.039 --> 02:08:40.960 one hundred and eighty x from where we are, one 2075 02:08:41.000 --> 02:08:46.000 hundred and forty X from where we are. So do 2076 02:08:46.079 --> 02:08:48.079 you think gold is going to give you one hundred 2077 02:08:48.079 --> 02:08:55.640 and forty x or if it gets to the bowl 2078 02:08:55.720 --> 02:09:05.359 case scenario that's like a one thousand trillion versus one 2079 02:09:05.520 --> 02:09:08.039 that's a thousand x dog from where we are or 2080 02:09:08.479 --> 02:09:12.960 five hundred decks from where we are. There ain't no 2081 02:09:13.079 --> 02:09:15.720 way you're going to get that. In S and P 2082 02:09:16.079 --> 02:09:17.359 or whatever. Boomer stalks. 2083 02:09:17.520 --> 02:09:21.279 Bitcoin will go from sixty ball decelerating to twenty ball 2084 02:09:21.520 --> 02:09:24.720 for a blended ball of whatever the same. And I 2085 02:09:24.840 --> 02:09:27.359 think that you know, if you look out twenty years, 2086 02:09:27.479 --> 02:09:29.159 is still going to be growing faster than the S 2087 02:09:29.239 --> 02:09:32.319 and P a bit fifty percent more, is still going 2088 02:09:32.399 --> 02:09:34.640 to be fifty percent more volatile than the S and P. 2089 02:09:35.800 --> 02:09:38.399 But you want a simple view of the market, you 2090 02:09:38.520 --> 02:09:41.199 just think, here's something which is twenty nine percent ar 2091 02:09:41.479 --> 02:09:44.439 R for the next twenty one years targeting. 2092 02:09:45.680 --> 02:09:47.279 So the machine since five dollars. 2093 02:09:47.399 --> 02:09:49.079 Goodnight from Australia. 2094 02:09:49.520 --> 02:09:51.920 Got any got some new wars for you? 2095 02:09:52.439 --> 02:09:53.479 Hanni striting Ja. 2096 02:09:54.199 --> 02:09:56.319 What is a good resource for the basics of getting 2097 02:09:56.399 --> 02:09:59.760 some bitcoin? The link in the show description swan Bitcoin. 2098 02:10:00.159 --> 02:10:02.119 I've been listening for ages. I guess it's time now. 2099 02:10:02.319 --> 02:10:06.239 Yeah you you you all been too lazy. Bobby C 2100 02:10:06.399 --> 02:10:07.920 five dollars. I know what goal will be used for 2101 02:10:08.479 --> 02:10:10.439 in the future. We can put our seat phrase into 2102 02:10:10.479 --> 02:10:12.439 it and it won't deteriorate. That's what I'm talking about. 2103 02:10:15.600 --> 02:10:17.119 Thirteen million dollars a coin. 2104 02:10:19.239 --> 02:10:22.479 And if you look at that against our map of wealth, 2105 02:10:22.560 --> 02:10:27.560 it's not that radically different. Just bitcoin becomes the global 2106 02:10:27.640 --> 02:10:30.920 Monetary Index, a two hundred and eighty trillion dollar asset class. 2107 02:10:31.279 --> 02:10:34.399 Equities will still be bigger, real estate will still be bigger, 2108 02:10:34.680 --> 02:10:38.359 Bonds will still be bigger. It's just you know, if 2109 02:10:38.399 --> 02:10:40.319 you want to get rich, you're not getting rich investing 2110 02:10:40.359 --> 02:10:43.640 in gold, right. If you want to stay rich, you 2111 02:10:43.720 --> 02:10:47.319 can probably hold a diversified portfolio of real estate and equity. 2112 02:10:48.199 --> 02:10:51.039 If you want to outperform, you're going to need bitcoin. 2113 02:10:52.640 --> 02:10:55.880 We're entering the era of institutional adoption now. This ten 2114 02:10:56.000 --> 02:10:56.960 years this is the goal. 2115 02:10:57.159 --> 02:10:59.520 This is what I've been talking about right in. 2116 02:10:59.600 --> 02:11:03.800 Twenty for bitcoin emerged is a viable alternative to bonds 2117 02:11:04.600 --> 02:11:05.880 in a corporate portfolio. 2118 02:11:06.039 --> 02:11:07.039 That was the first year. 2119 02:11:08.479 --> 02:11:11.439 Now you see all these public entities that are holding bitcoin, 2120 02:11:11.800 --> 02:11:14.560 one hundred and fifteen different ones. So this is spreading. 2121 02:11:15.640 --> 02:11:18.000 As I said, it's a virus. It's going to accelerate. 2122 02:11:19.560 --> 02:11:22.720 There's a wave of political support for bitcoin. It's surging. 2123 02:11:22.960 --> 02:11:25.479 You can see the entire cabin in is pro bitcoin, 2124 02:11:25.640 --> 02:11:27.840 The White House is pro bitcoin, The Senate in the 2125 02:11:27.920 --> 02:11:32.800 House are pro bitcoin. You know, you've got a Senator 2126 02:11:33.479 --> 02:11:39.640 proposing a Bitcoin strategic reserve. You've got Larry Fink advocating 2127 02:11:39.720 --> 02:11:42.560 for bitcoin on CNBC and I just showed you the 2128 02:11:42.640 --> 02:11:43.600 Blackrock numbers. 2129 02:11:43.600 --> 02:11:47.039 They're stellar. You've got Donald Trump. 2130 02:11:47.920 --> 02:11:59.399 Never sell your coin, it's all you need to know. 2131 02:12:01.319 --> 02:12:04.279 You've got Senator Lammas I encourage people to buy and hold. 2132 02:12:04.600 --> 02:12:07.680 I encouraged them to say bitcoin for their retirement, for 2133 02:12:07.760 --> 02:12:08.319 their future. 2134 02:12:10.199 --> 02:12:13.399 You've got Joe Kernan debating with Muhammad al at people. 2135 02:12:14.319 --> 02:12:16.680 They're nodding with you because we can deflate our way 2136 02:12:16.720 --> 02:12:19.039 out of some of the step But the difference between. 2137 02:12:18.840 --> 02:12:21.560 Two percent and three percent compounded. 2138 02:12:21.159 --> 02:12:25.159 For the dollar is devastating and saying you should buy 2139 02:12:25.239 --> 02:12:30.000 bitcoin in twenty twenty five were the first year of 2140 02:12:30.000 --> 02:12:30.800 the crypto. 2141 02:12:30.520 --> 02:12:32.159 Renaissance, right. 2142 02:12:32.279 --> 02:12:35.079 I think what you're going to see is you'll see 2143 02:12:35.119 --> 02:12:38.600 improvements to the Wall Street ETFs. You're going to see 2144 02:12:38.640 --> 02:12:41.000 fair value accounting from FASB. 2145 02:12:40.680 --> 02:12:43.520 Which would be a big The repeal of the SAB 2146 02:12:43.880 --> 02:12:46.039 one twenty one is what I was mentioning earlier. That's 2147 02:12:46.079 --> 02:12:48.680 what just happened a couple of days ago. So this 2148 02:12:49.039 --> 02:12:54.119 is on point as Sailor talked about he expected the repeal. 2149 02:12:54.199 --> 02:12:56.359 The repeal just happened a few days ago that Trump did. 2150 02:12:57.640 --> 02:12:59.880 That's an end to the war on crypto. You have 2151 02:13:00.159 --> 02:13:04.720 getting rid of Gary Gensler. And so again things are 2152 02:13:05.279 --> 02:13:10.720 still consistently bullish. Today's news about China's AI or whatever. 2153 02:13:10.880 --> 02:13:13.600 I mean, I'm not in STNKS, I don't have Nvidia 2154 02:13:13.760 --> 02:13:15.920 or whatever, so I don't I'm not paying I mean, 2155 02:13:15.960 --> 02:13:19.680 I noticed it. It didn't really hurt bitcoin too much. 2156 02:13:19.880 --> 02:13:24.119 Like we've been fluctuating around one hundred thousand to one 2157 02:13:24.199 --> 02:13:28.119 hundred and eight thousand for a couple of weeks. So 2158 02:13:28.479 --> 02:13:30.800 we went down I don't know a few percent today. 2159 02:13:30.840 --> 02:13:36.119 It's not a huge deal. Let's see. So we've already 2160 02:13:37.239 --> 02:13:40.640 gained back what we lost throughout the day today already, 2161 02:13:40.680 --> 02:13:45.039 so we're back to where we were yesterday. We're not 2162 02:13:45.760 --> 02:13:48.840 We're only fifteen hundred away from one hundred and four, 2163 02:13:48.960 --> 02:13:52.239 which is where we were yesterday. So no, I don't 2164 02:13:52.239 --> 02:13:55.880 think this is bullish. I mean a bearish. I think 2165 02:13:55.880 --> 02:14:01.079 it's a no big deal and all of the momentum 2166 02:14:01.199 --> 02:14:03.119 and the trends are still bullish. 2167 02:14:03.319 --> 02:14:07.079 Boost You've got two hundred and fifty plus pro crypto 2168 02:14:08.199 --> 02:14:12.199 representatives or senators in Congress. I think you'll see the 2169 02:14:12.279 --> 02:14:15.720 repeal of SAB one twenty one, which allows banks to enter. 2170 02:14:16.000 --> 02:14:16.640 That just happens. 2171 02:14:16.640 --> 02:14:18.439 I'm going to start the bank bitcoin. That's going to 2172 02:14:18.479 --> 02:14:20.720 be a big deal. The end of the war in 2173 02:14:20.800 --> 02:14:25.159 crypto is just a big deal. And I think the 2174 02:14:25.359 --> 02:14:28.199 arrival of a digital assets framework and a bunch of 2175 02:14:28.239 --> 02:14:33.000 bitcoin standard companies, all of these things are in progress process. 2176 02:14:34.880 --> 02:14:35.920 And what are we doing? 2177 02:14:36.800 --> 02:14:39.920 What we do is we issued. 2178 02:14:40.159 --> 02:14:42.880 This is where he talks about the strategy of his company, 2179 02:14:43.039 --> 02:14:47.159 basically converting to a bitcoin based company. So I'm going 2180 02:14:47.199 --> 02:14:50.600 to skip past some of this, and he's talking about 2181 02:14:50.640 --> 02:14:56.520 how his performance company wise has surpassed all the other companies. 2182 02:14:59.520 --> 02:15:04.520 So if you want to scratch is designed to keep 2183 02:15:04.600 --> 02:15:08.800 open while you trade. So if you want to get 2184 02:15:08.840 --> 02:15:11.359 into stocks, that's up to you. I'm not a huge 2185 02:15:11.359 --> 02:15:14.920 stock person, but I mean there are potentials for making 2186 02:15:15.439 --> 02:15:22.079 you know, money there as well. But let's see, I'm 2187 02:15:22.119 --> 02:15:24.399 gonna skip past some of the micro strategy stuff. He's 2188 02:15:24.439 --> 02:15:27.239 gonna do a stock and there's gonna be a new 2189 02:15:27.279 --> 02:15:32.039 issuance that's gonna pay dividends if you're into stocks stonks. 2190 02:15:34.960 --> 02:15:36.720 Let's see if he gets back to bitcoin here. 2191 02:15:43.119 --> 02:15:46.880 So bitcoin is the asset without counterparty risk. You don't 2192 02:15:46.960 --> 02:15:50.760 have risk to a competitor, a country, a corporation, a creditor. 2193 02:15:50.439 --> 02:15:53.840 A culture or currency. That's the point. Get rid of 2194 02:15:53.920 --> 02:15:54.319 the risk. 2195 02:15:55.720 --> 02:15:58.520 Now, now, what if you could buy a digital monopoly 2196 02:15:58.800 --> 02:16:01.840 growing at sixty percent a year at one time's revenue, 2197 02:16:03.119 --> 02:16:05.439 and what if that company was more profitable than your 2198 02:16:05.479 --> 02:16:06.039 own company? 2199 02:16:06.960 --> 02:16:10.439 So no, I don't Again, if you define fiat as 2200 02:16:10.880 --> 02:16:15.199 someone having the ability to increase the supply, no, bitcoin 2201 02:16:15.319 --> 02:16:18.119 is not fiat. There is an element of a new 2202 02:16:18.199 --> 02:16:21.840 issuance issuance of bitcoin two minors, but that ends when 2203 02:16:21.880 --> 02:16:26.239 the last bitcoin is mined, so there's only twenty one 2204 02:16:26.319 --> 02:16:33.079 million bitcoin period that's hard wired into the protocol. So no, 2205 02:16:33.239 --> 02:16:36.840 it is not fiat. If you mean that, it can 2206 02:16:37.239 --> 02:16:41.040 willing nearly be inflated. And that's typically what we're referring 2207 02:16:41.079 --> 02:16:42.639 to when we say fiat. 2208 02:16:43.120 --> 02:16:43.719 Would you do it? 2209 02:16:44.719 --> 02:16:48.159 Who wouldn't do it? What if you could keep doing 2210 02:16:48.239 --> 02:16:55.440 it every year forever? Well, that's bitcoin, right. Bitcoin is 2211 02:16:55.479 --> 02:17:02.200 the universal, perpetual, profitable merger partner. Right, what you're doing 2212 02:17:02.360 --> 02:17:05.799 is the transformational merger, but you're doing it with a 2213 02:17:06.079 --> 02:17:10.280 crypto monopoly. So when you evaluate your options, you can 2214 02:17:10.360 --> 02:17:13.479 plug in that same model. And I did it for Microsoft, 2215 02:17:13.600 --> 02:17:16.200 and I looked at their business, I looked at their 2216 02:17:16.280 --> 02:17:19.719 cash flows, right, And. 2217 02:17:21.399 --> 02:17:24.879 This is a corporate pitch here, but it's the same 2218 02:17:25.000 --> 02:17:27.120 for you as an individual. You're just a smaller version 2219 02:17:27.159 --> 02:17:29.559 of that. So that's the point of this is that 2220 02:17:29.760 --> 02:17:35.479 it's the same principles here. And here is the MAXI strategy. 2221 02:17:35.799 --> 02:17:41.680 If you wanted to put a minimum amount, right, this 2222 02:17:41.840 --> 02:17:44.040 is what you're talking about in terms of returns. 2223 02:17:44.479 --> 02:17:46.680 Did they have to chase their core business? Not at 2224 02:17:46.719 --> 02:17:48.840 all the other catches? 2225 02:17:48.959 --> 02:17:52.719 They double the value of the company, right, what happens 2226 02:17:52.760 --> 02:17:56.680 to the marketcount of the company, Well, status quo is 2227 02:17:56.799 --> 02:17:57.440 nothing good. 2228 02:17:58.079 --> 02:18:01.239 Now, when he gave the talking to the Nashville bitcoin people, 2229 02:18:01.360 --> 02:18:06.200 that was for more of the average consumer market, not 2230 02:18:06.399 --> 02:18:10.360 the corporate market. So when he gave that talk, this 2231 02:18:10.600 --> 02:18:14.639 same slide was used to show that the returns for 2232 02:18:14.799 --> 02:18:18.840 a person who's a maxi right versus people who never 2233 02:18:19.040 --> 02:18:23.239 put anything into it. You're talking about two point five 2234 02:18:23.399 --> 02:18:27.040 versus zero right in terms of this is trillions for 2235 02:18:28.479 --> 02:18:33.319 his company's strategy for micro strategy market cap, and so 2236 02:18:33.600 --> 02:18:38.559 he's projecting that Microsoft could do the same thing and 2237 02:18:38.639 --> 02:18:42.000 they could have a multi trillion dollar market cap were 2238 02:18:42.079 --> 02:18:45.440 they to go into bitcoin the way that his company 2239 02:18:45.520 --> 02:18:52.120 did in the future. That's based on an estimated yearly 2240 02:18:52.280 --> 02:18:57.520 return up until twenty thirty four. So by twenty thirty four, 2241 02:18:58.319 --> 02:19:00.920 companies that don't have any money in bitcoin are going 2242 02:19:00.959 --> 02:19:05.719 to be zero. Companies that put one trillion in would 2243 02:19:05.760 --> 02:19:10.079 get one trillion return or depending on how much you 2244 02:19:10.120 --> 02:19:12.600 put in, basically would be the amount return. So if 2245 02:19:12.639 --> 02:19:19.879 you leveraged everything, including debt, including stock, including whatever, the 2246 02:19:19.959 --> 02:19:23.639 triple maxi strategy of his company is the expectation of 2247 02:19:24.000 --> 02:19:28.159 five trillion dollars by twenty thirty four. That's the logic 2248 02:19:28.280 --> 02:19:31.360 of it. There's no guarantees here might not perform that well, 2249 02:19:31.360 --> 02:19:33.879 but that's an estimate based on how the end of 2250 02:19:34.000 --> 02:19:35.520 your returns are so far. 2251 02:19:35.760 --> 02:19:40.760 You see that little change is worth a trillion dollars, right, 2252 02:19:40.840 --> 02:19:42.760 If you go to full triple maxie, it's. 2253 02:19:42.719 --> 02:19:43.840 Five trillion dollars. 2254 02:19:45.120 --> 02:19:47.479 Right, you can just be worth five, you know, eight 2255 02:19:47.600 --> 02:19:49.600 trillion instead of three trillion or whatever. 2256 02:19:50.680 --> 02:19:54.760 What's the downside? No, you just get rich based on expectations. 2257 02:19:55.440 --> 02:19:59.680 So conventional wisdom says value the company based on all 2258 02:19:59.760 --> 02:20:00.239 you have to do. 2259 02:20:00.360 --> 02:20:02.319 Is manage your balance sheet differently. 2260 02:20:03.200 --> 02:20:09.079 You're capitalizing on bitcoin, not capitalizing on bonds. We are 2261 02:20:09.120 --> 02:20:09.799 book of the month. 2262 02:20:10.200 --> 02:20:11.200 Our name says a lot. 2263 02:20:11.600 --> 02:20:12.600 But there's a little more. 2264 02:20:12.520 --> 02:20:13.840 To it and to us. 2265 02:20:15.959 --> 02:20:20.280 Maybe I should find the specific section at because this 2266 02:20:20.399 --> 02:20:22.760 is not really relevant to normal people. They're not going 2267 02:20:22.799 --> 02:20:26.079 to get it because it's talking about to corporations. But 2268 02:20:26.239 --> 02:20:32.600 the same talk he gave here in Nashville. Let me 2269 02:20:32.680 --> 02:20:39.639 find the chart for individuals. That's for nation states. 2270 02:20:40.959 --> 02:20:47.000 Here we go, don't use margin, lounge and trade with leverage. 2271 02:20:47.000 --> 02:20:48.559 You get wiped out while you're asleep. 2272 02:20:48.600 --> 02:20:53.719 On ten x leverage. So what's typical person. 2273 02:20:53.879 --> 02:20:57.200 Well, we actually model an individual and we said, what 2274 02:20:57.280 --> 02:20:59.319 have you had seven hundred and fifty thousand in net 2275 02:20:59.399 --> 02:21:02.719 asset and you made two hundred grand a year and 2276 02:21:02.840 --> 02:21:06.360 you're gonna make five percent more every year and you got. 2277 02:21:06.399 --> 02:21:08.959 This is that same point applied to individuals. 2278 02:21:09.040 --> 02:21:12.040 It's savings rate of twenty five percent and you can 2279 02:21:12.120 --> 02:21:13.600 invest fifty thousand a year. 2280 02:21:17.079 --> 02:21:18.520 Well, there's a lot of strategies. 2281 02:21:19.760 --> 02:21:22.399 You can be the normy and do a normal strategy 2282 02:21:22.799 --> 02:21:27.200 diversified portfolio. You can be a ten percenter and you 2283 02:21:27.280 --> 02:21:30.680 can put ten percent of your assets into bitcoin. You 2284 02:21:30.760 --> 02:21:33.479 can be a BTC MAXI and put eighty percent of 2285 02:21:33.559 --> 02:21:35.440 your assets and put eighty percent of. 2286 02:21:35.440 --> 02:21:36.600 Your earnings into bitcoin. 2287 02:21:38.319 --> 02:21:41.079 You could be a double maxi, and that's when you 2288 02:21:41.200 --> 02:21:43.680 basically take an extra two hundred and fifty thousand dollars 2289 02:21:43.799 --> 02:21:48.040 loan against the house. And then the triple maxie is 2290 02:21:48.159 --> 02:21:51.479 you finance the house for a bitcoin, you buy bitcoin, 2291 02:21:52.200 --> 02:21:54.280 you flip all your asses to bitcoin, and then you 2292 02:21:54.440 --> 02:21:58.399 move to a cheap tax jurisdiction where you actually can 2293 02:21:58.520 --> 02:22:01.760 avoid some taxes. Invest an extra fifty grand and bitcoin, 2294 02:22:01.840 --> 02:22:04.719 maybe a Singapore you way, this was prior to. 2295 02:22:05.000 --> 02:22:08.319 The Trump bitcoin announcements and whatnot. I think this was 2296 02:22:08.399 --> 02:22:12.920 the day before Trump spoke. But uh, you'll notice here 2297 02:22:15.479 --> 02:22:21.520 the payout right. Well, no, it's excuman, it's the next slide. 2298 02:22:21.520 --> 02:22:21.879 Excuse me. 2299 02:22:24.159 --> 02:22:24.959 What's the result. 2300 02:22:25.319 --> 02:22:25.879 Yeah, here we go. 2301 02:22:26.319 --> 02:22:28.399 Well, this is the result the norm he ends up 2302 02:22:28.440 --> 02:22:30.719 with eight million dollars in twenty one years. 2303 02:22:35.200 --> 02:22:37.719 So this is why people do what Jack Mallers is 2304 02:22:37.799 --> 02:22:42.719 talking about. Right, So this is the growth of your wealth, 2305 02:22:44.000 --> 02:22:50.920 the more that you've transferred that Fiat nonsense into what 2306 02:22:51.120 --> 02:22:55.319 you think will be valuable in the future. So notice 2307 02:22:55.360 --> 02:22:59.920 the difference in these returns. Right, by twenty forty five, 2308 02:23:00.040 --> 02:23:02.600 I have the normy who has put in what did 2309 02:23:02.639 --> 02:23:06.280 he say? Ten percent? I forget what he said, or 2310 02:23:07.360 --> 02:23:12.200 a smaller amount the that is, like, I forget what 2311 02:23:12.280 --> 02:23:15.680 percentage he said? No he said twelve percent, twelve percent 2312 02:23:16.440 --> 02:23:20.680 or less, I don't remember. No, that's annual return anyway. 2313 02:23:20.799 --> 02:23:25.159 Less than ten percent of your net worth savings into 2314 02:23:25.200 --> 02:23:29.159 bitcoin is the normy, which by twenty forty five gives 2315 02:23:29.200 --> 02:23:30.600 you if you were making what did he say? Two 2316 02:23:30.639 --> 02:23:32.959 unred fifty thousand dollars a year, puts you at eight 2317 02:23:33.079 --> 02:23:39.079 million the person who allocates ten percent of their savings 2318 02:23:39.879 --> 02:23:44.559 over their lifetime to bitcoin for the next well not lifetime, 2319 02:23:44.639 --> 02:23:51.360 but the next what twenty years gets you twenty one million. 2320 02:23:52.440 --> 02:23:54.959 A Bitcoin MAXI who has put everything in gets you 2321 02:23:55.000 --> 02:23:58.680 one hundred million. A double MAXI who leveraged debt, or 2322 02:23:58.680 --> 02:24:01.520 a triple MAXI who leveraged more more debt two hundred 2323 02:24:01.520 --> 02:24:05.719 million in twenty years. And he's he's judging that on 2324 02:24:05.920 --> 02:24:09.840 the basis of the average annual returns as they have 2325 02:24:10.079 --> 02:24:13.559 been for bitcoin, and that's it is true that there 2326 02:24:13.600 --> 02:24:18.200 will not be As bitcoin grows, the annual returns will 2327 02:24:18.319 --> 02:24:20.200 begin to come down, So you're not going to get 2328 02:24:20.600 --> 02:24:24.639 necessarily sixty percent return every year. The earlier that you 2329 02:24:24.760 --> 02:24:27.840 were in the better, but there's still better returns than 2330 02:24:27.840 --> 02:24:30.239 you would get in anything else. Is the point. 2331 02:24:32.239 --> 02:24:34.879 The BT the ten percenter will more than double that. 2332 02:24:35.239 --> 02:24:38.840 The MAXI ends up with one hundred million, the double 2333 02:24:38.959 --> 02:24:42.239 MAXI won fifty, the triple Maxi two hundred and fourteen million. 2334 02:24:43.280 --> 02:24:45.639 You can see the power of leverage and the choice 2335 02:24:45.719 --> 02:24:51.799 is yours. And you can also see, you know, it 2336 02:24:51.920 --> 02:24:54.879 takes fifteen point nine bitcoin to be a triple MAXI. 2337 02:24:56.319 --> 02:24:58.680 You know six point two five. Bitcoin will make you. 2338 02:24:58.719 --> 02:25:03.959 A wealthy person. Let's talk about corporations. 2339 02:25:07.040 --> 02:25:11.920 So there you see the logic of that slide. I 2340 02:25:12.040 --> 02:25:14.639 think on this other one, if we go back to it, 2341 02:25:15.360 --> 02:25:17.520 how's it going up? You may just continue with the 2342 02:25:17.639 --> 02:25:18.920 corporate stuff. Let me see. 2343 02:25:25.920 --> 02:25:28.559 So when you evaluate your options, you can plug in 2344 02:25:28.680 --> 02:25:31.440 that same model. And I did it for Microsoft, and 2345 02:25:32.079 --> 02:25:34.840 I looked at their business, I looked at their cash flows, 2346 02:25:35.520 --> 02:25:40.559 at all the other catches. The snapshot here is territory 2347 02:25:40.680 --> 02:25:44.879 for next to nothing, fifteen million dollars nineties, the Russians, 2348 02:25:44.920 --> 02:25:46.239 the Africans of South America. 2349 02:25:46.280 --> 02:25:49.040 Okay, this is the next part. This section is important 2350 02:25:49.079 --> 02:25:52.680 because it deals with the nation states that are beginning 2351 02:25:52.719 --> 02:25:56.440 to come in. Right. So once America says okay, yeah, 2352 02:25:56.440 --> 02:25:59.479 we're going to do this strategic reserve, most likely that 2353 02:26:00.000 --> 02:26:04.159 triggers a rush towards a supremely rare asset. 2354 02:26:04.239 --> 02:26:08.399 Because of the Europeans into the network, all that capital 2355 02:26:08.479 --> 02:26:10.479 is going to flow and we're. 2356 02:26:10.399 --> 02:26:12.040 Going to be the beneficiaries. 2357 02:26:13.079 --> 02:26:15.479 If you plug that Bitcoin twenty four model in the 2358 02:26:15.600 --> 02:26:18.079 Lumbus Bill, what it does is cut the US debt 2359 02:26:18.159 --> 02:26:19.559 in half over twenty years. 2360 02:26:22.000 --> 02:26:23.559 But if you think about the precedents. 2361 02:26:24.639 --> 02:26:26.840 This is literally the only way to actually pay the 2362 02:26:27.079 --> 02:26:28.399 astronomical US debt. 2363 02:26:28.440 --> 02:26:32.840 By the way, we bought the Louisiana territory for next 2364 02:26:32.920 --> 02:26:34.399 to nothing fifteen years. 2365 02:26:34.200 --> 02:26:36.280 Which actually should be canceled anyway, because it was all 2366 02:26:36.319 --> 02:26:39.000 a bunch of thefts, so we really technically should know anything. 2367 02:26:38.760 --> 02:26:39.879 At all million dollars. 2368 02:26:39.920 --> 02:26:44.479 And then we bought California and Mexico and Texas from 2369 02:26:45.479 --> 02:26:48.600 in the Mexican War, and then we bought Alaska. Look 2370 02:26:48.639 --> 02:26:52.360 at all those purchases. When we bought Alaska, we bought 2371 02:26:52.360 --> 02:26:54.719 a bunch of territory not even knowing what it was worth. 2372 02:26:56.479 --> 02:26:59.200 And then one hundred years later there's a trillion dollars 2373 02:26:59.280 --> 02:27:02.440 of mineral rights underneath it. They weren't thinking that in 2374 02:27:02.520 --> 02:27:07.879 eighteen sixty seven, right, And so we paid I think 2375 02:27:08.000 --> 02:27:11.840 forty million dollars for three quarters of the United States 2376 02:27:12.559 --> 02:27:16.879 forty million dollars. If you know where the people are going, 2377 02:27:17.000 --> 02:27:20.440 if you know the future California, what can they possibly 2378 02:27:20.559 --> 02:27:21.600 do in California? 2379 02:27:21.719 --> 02:27:21.799 Right? 2380 02:27:22.440 --> 02:27:27.799 We bought California for eighteen million bucks. So Bitcoin is 2381 02:27:27.840 --> 02:27:33.000 simply cyber Manhattan. All the ais are going there, all 2382 02:27:33.079 --> 02:27:36.000 the global capital is going there, all we need to 2383 02:27:36.120 --> 02:27:36.959 do is buy it. 2384 02:27:37.680 --> 02:27:39.079 It's all going to arrive. 2385 02:27:39.680 --> 02:27:41.239 So if you think about the greatest deal of the 2386 02:27:41.319 --> 02:27:45.319 twenty first century, it's just buy twenty twenty five percent 2387 02:27:45.440 --> 02:27:50.000 of cyberspace. When the US buys it, every company will follow, 2388 02:27:50.159 --> 02:27:54.440 every country will follow, all the capitalists will follow, and 2389 02:27:54.879 --> 02:27:56.040 we end up, you know. 2390 02:27:56.159 --> 02:27:56.719 In the extra. 2391 02:27:58.799 --> 02:28:09.680 So now, if you look at this chart, if the 2392 02:28:09.760 --> 02:28:17.360 Loomis Bill passes, that makes uh one point two million 2393 02:28:17.440 --> 02:28:30.159 per bitcoin? Or does that mean they're confused as to 2394 02:28:30.200 --> 02:28:37.680 whether this means they're purchase of one million bitcoin? But 2395 02:28:37.799 --> 02:28:39.959 if the government purchased a million bitcoin, I mean it's 2396 02:28:40.280 --> 02:28:45.879 just gonna be mind boggling. Right would that take it to? 2397 02:28:47.760 --> 02:28:49.680 I don't know what that would take The market cups here. 2398 02:28:50.040 --> 02:28:52.959 It's crazy to think about training. 2399 02:28:52.760 --> 02:28:55.520 Case, the Trump match case. You make eighty one trillion 2400 02:28:55.559 --> 02:29:01.000 dollars just buying the future. What you're doing is you're tipping. 2401 02:29:01.760 --> 02:29:07.639 You're inverting the entire world of order instead of relying upon. 2402 02:29:07.639 --> 02:29:09.760 Twentieth century campital assets. 2403 02:29:11.120 --> 02:29:14.120 That four hundred and fifty trillion dollars will flow into 2404 02:29:14.239 --> 02:29:15.159 twenty first. 2405 02:29:15.040 --> 02:29:16.680 Century digital assets. 2406 02:29:17.639 --> 02:29:20.959 If you know that the world is moving from the 2407 02:29:21.040 --> 02:29:22.680 twenty to the twenty first century. 2408 02:29:23.639 --> 02:29:28.559 I think you're saying that if Trump chose a triple 2409 02:29:28.639 --> 02:29:37.559 MAXI desire to purchase four million bitcoin, that would take 2410 02:29:37.719 --> 02:29:41.040 bitcoin to six million per bitcoin. I think that's what 2411 02:29:41.159 --> 02:29:47.680 that means. And even the Loomis Bill makes gets bitcoin 2412 02:29:47.719 --> 02:29:53.079 two one million, So that's a ten x from where 2413 02:29:53.120 --> 02:29:57.440 we are. If the Loomis Bill passes, you're talking bitcoin 2414 02:29:57.520 --> 02:30:01.440 because it's a purchase of one million bitcoin over five years, 2415 02:30:02.360 --> 02:30:05.399 and so that gets us to one million bitcoin, one 2416 02:30:05.440 --> 02:30:09.799 million dollar bitcoin after that purchase of a million, right, 2417 02:30:11.079 --> 02:30:13.680 the government buys one million bitcoin, takes bitcoin two one 2418 02:30:13.719 --> 02:30:19.559 million dollars. Is a point if you get a double 2419 02:30:19.639 --> 02:30:23.520 MAXI position of the government purchases two million dollars a bitcoin, 2420 02:30:25.120 --> 02:30:29.280 that gets us to two million, four million dollars a bitcoin. 2421 02:30:29.399 --> 02:30:35.760 Four point two million, four million dollars purchase a bitcoin, 2422 02:30:35.799 --> 02:30:38.319 and then the conversion of seventy five percent surplus into 2423 02:30:38.360 --> 02:30:41.840 bitcoin gets us to a six million dollar bitcoin, depending 2424 02:30:41.920 --> 02:30:49.239 upon how bullish the government approach is. Now, the Loomis 2425 02:30:49.319 --> 02:30:53.200 Bill may not pass. We don't know, so there's no guarantees. 2426 02:30:53.280 --> 02:30:55.600 I think the betting odds on the betting sites are 2427 02:30:56.120 --> 02:30:59.959 sixty seventy percent. Now that it will pass, and you'll 2428 02:31:00.000 --> 02:31:03.479 a saying that if that passes, that means one million 2429 02:31:03.520 --> 02:31:09.639 dollar bitcoin at least in the next five years of purchasing, 2430 02:31:09.680 --> 02:31:12.600 because they're going to purchase like one hundred thousand, hundred thousand, 2431 02:31:12.600 --> 02:31:16.120 two hundred thousand each year until it's a million. That's crazy. 2432 02:31:16.639 --> 02:31:18.639 Do you guys not understand this? Just like this is 2433 02:31:18.920 --> 02:31:23.600 a celebration times? Am I reading this chart? Right? Can 2434 02:31:23.639 --> 02:31:24.879 you guys see the chart? 2435 02:31:25.440 --> 02:31:26.079 Is that? Is that? 2436 02:31:26.200 --> 02:31:26.319 How? 2437 02:31:26.719 --> 02:31:27.559 I think that's what he's saying. 2438 02:31:27.680 --> 02:31:30.760 If you believe in the progression of technology, if you 2439 02:31:30.840 --> 02:31:33.280 think that people would rather have a billion dollars a 2440 02:31:33.319 --> 02:31:36.840 bitcoin than a billion dollars of frozen hundred in Siberia 2441 02:31:37.360 --> 02:31:39.920 or natural gas rights and Cuba. 2442 02:31:39.879 --> 02:31:43.760 Or whatever, then you can just buy it now. You 2443 02:31:43.879 --> 02:31:45.319 can buy it for next to nothing. 2444 02:31:46.040 --> 02:31:49.719 And so that's the logic of the Bitcoin Strategic Reserve 2445 02:31:50.440 --> 02:31:53.879 for the United States, and it works for any country, it. 2446 02:31:53.920 --> 02:31:54.879 Works for any company. 2447 02:31:55.920 --> 02:31:59.280 Right And uh, I guess the best thing I can 2448 02:31:59.360 --> 02:32:04.280 say about coin is is it's happening. Everybody needs it, 2449 02:32:04.479 --> 02:32:08.479 nobody can stop it. Very few people understand it. And 2450 02:32:08.600 --> 02:32:11.680 it's just volatile enough to be scary enough that if 2451 02:32:11.719 --> 02:32:13.559 you don't do the work and get the conviction. 2452 02:32:13.760 --> 02:32:16.120 You'll just stare at it and watch it pass you by. 2453 02:32:17.319 --> 02:32:20.680 But I don't really mind the volatility, because what I 2454 02:32:20.760 --> 02:32:24.639 say to people is, if bitcoin appreciated, it's sixty percent 2455 02:32:24.719 --> 02:32:29.120 a year and a perfect exponential with no volatility, people 2456 02:32:29.440 --> 02:32:32.840 stupider than me, richer than me, would own it all 2457 02:32:33.079 --> 02:32:36.079 and I would have no opportunity. And so I kind 2458 02:32:36.120 --> 02:32:39.559 of like the way it's evolved, and I want to 2459 02:32:39.600 --> 02:32:40.799 thank everybody for your time. 2460 02:32:40.920 --> 02:32:44.440 Yeah. In other words, volatility is a feature, not a bug. 2461 02:32:45.120 --> 02:32:48.319 You can get in when you when there are the dips. 2462 02:32:48.479 --> 02:32:52.760 So and if you adopt a hottle philosophy, no problems. 2463 02:32:53.719 --> 02:32:56.920 But this is not register financial advice, Bobby, see again 2464 02:32:56.920 --> 02:32:59.159 for five dollars. Let's be real, we're all waiting until 2465 02:32:59.159 --> 02:33:02.840 we can dump bitcoin and buy up Trump and Milania coin. Yeah, 2466 02:33:03.559 --> 02:33:07.319 not gonna do that. I'm definitely gonna stack BTC. I 2467 02:33:07.360 --> 02:33:10.319 ain't stacking note, although I do have a plan to 2468 02:33:10.760 --> 02:33:13.319 purchase all I'm gonna dump all the BTC I have. 2469 02:33:13.399 --> 02:33:15.719 I'm gonna buy all the hawk Tua coin. When Hawk 2470 02:33:15.760 --> 02:33:17.760 TWA goes to the moon, I'm gonna dump hawk Tua 2471 02:33:17.840 --> 02:33:20.200 and then I'm gonna buy out Michael Saylor. That's my 2472 02:33:20.440 --> 02:33:24.840 ultimate evil villain plan to take over the world. Anyway, 2473 02:33:25.120 --> 02:33:26.959 we didn't end up talking about AI. If you want 2474 02:33:27.000 --> 02:33:29.360 to hear my take on project what was it called, 2475 02:33:30.280 --> 02:33:35.280 super Villain Project the Stargate, go watch my fourth hour 2476 02:33:35.959 --> 02:33:39.840 on Twitter. It's uh, we've had it's almost six hundred 2477 02:33:39.840 --> 02:33:47.280 thousand views. So my last two fourth hours basically six 2478 02:33:47.399 --> 02:33:49.719 hundred thousand views. So it's so hard for me to 2479 02:33:49.760 --> 02:33:56.000 crack a million, but it's growing. We we used to 2480 02:33:56.079 --> 02:34:00.479 get on the fourth hours one hundred two hundre thousand. 2481 02:34:01.120 --> 02:34:04.200 Now we're getting a consistent five hundred six hundred thousand. 2482 02:34:05.000 --> 02:34:07.000 So you can go check that out on my Twitter 2483 02:34:07.639 --> 02:34:13.239 for my breakdown of projects Stargate nonsense. Guys, I want 2484 02:34:13.280 --> 02:34:15.520 to remember it reminds you head on over to chalk 2485 02:34:15.600 --> 02:34:17.440 dot com c h o Q dot com. The best 2486 02:34:17.479 --> 02:34:21.000 and supplementation that is the show sponsor. If you use 2487 02:34:21.040 --> 02:34:24.120 the promo code J forty four life that's Jay forty 2488 02:34:24.200 --> 02:34:26.600 four l I f E. You get forty four percent 2489 02:34:26.680 --> 02:34:29.959 all those great products. I'm wearing my chalk gear. We 2490 02:34:30.120 --> 02:34:32.000 love our brosover at chalk dot com. 2491 02:34:32.559 --> 02:34:32.680 Uh. 2492 02:34:32.719 --> 02:34:34.600 The link is in the show description and you're not 2493 02:34:34.680 --> 02:34:36.719 gonna pay that price. You're gonna pay half of that 2494 02:34:36.959 --> 02:34:39.440 almost half of that with the promo code Jay forty 2495 02:34:39.440 --> 02:34:44.079 four Life. Chalk is pure review, proven in studies. You 2496 02:34:44.120 --> 02:34:46.760 can read over there at the website two boost Test sauserone. 2497 02:34:47.719 --> 02:34:51.879 There's also Male Vitality Stack, so you can buy like 2498 02:34:51.959 --> 02:34:54.799 this right here. You don't have to you don't have 2499 02:34:54.920 --> 02:34:56.840 to buy the stack. You can buy the individual products 2500 02:34:56.840 --> 02:34:58.680 if you want, but just be sure and you use 2501 02:34:58.680 --> 02:35:01.639 the promo code jayfe forty four Life. You can also 2502 02:35:01.760 --> 02:35:04.319 use the promo code Jay forty if you don't want 2503 02:35:04.319 --> 02:35:06.520 to get a subscription, you just want to test a 2504 02:35:06.600 --> 02:35:10.239 product out, use jy four zero to get forty percent 2505 02:35:10.280 --> 02:35:13.280 off those products. You can get signed copies of the 2506 02:35:13.319 --> 02:35:17.959 books over at Jays Analysis at the website. Otherwise, hopefully 2507 02:35:18.079 --> 02:35:21.440 you got some value out of this. And if you're 2508 02:35:21.440 --> 02:35:24.200 looking for a book, my friend Julia has her book 2509 02:35:25.159 --> 02:35:28.600 Thank God for Bitcoin. This actually argues from a Biblical 2510 02:35:28.680 --> 02:35:33.520 perspective about solid, honest, ethical money, and it argues that 2511 02:35:33.600 --> 02:35:37.879 bitcoin is the most ethical money. Every chapter basically begins 2512 02:35:37.959 --> 02:35:43.360 with a biblical text and argumentation as to why otherwise 2513 02:35:43.639 --> 02:35:46.280 everybody have a good night and I'll see using Also, 2514 02:35:46.360 --> 02:35:48.840 if you want to support me by the way, via bitcoin, 2515 02:35:48.959 --> 02:35:51.159 this is my bitcoin wallet support