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Is This a Coordinated ATTACK on Bitcoin?! | Simply Originals · Simply Bitcoin

• 0:00
  Michael Saylor just tapped the fixed income market to buy
• 0:03
  another billion dollars in Bitcoin.
• 0:06
  How much is enough, Michael? You.
• 0:10
  Can't keep getting. Away with this.
• 0:13
  Ken Saylor be stopped. It's literally every Monday.
• 0:18
  And that's not all Giga chat has been up to either.
• 0:20
  We have Bitcoin treasuries exploding globally and if Adam
• 0:25
  Back is right, and not to mention the Journal of the Board
• 0:27
  of Financial Management, the supply shock is getting real and
• 0:32
  the S curve is about to steepen. But are Bitcoin treasuries good
• 0:36
  for Bitcoin? Are we looking at a speculative
• 0:39
  attack on the dollar and centralization of Bitcoin?
• 0:43
  Is it a trap or just the inevitable?
• 0:45
  Welcome back. I'm Rustin and we've got a lot
• 0:47
  of news to get to send it. Hey, let's put this buy in
• 0:58
  perspective. Michael Saylor just bought 22
• 1:01
  days worth of newly mined Bitcoin.
• 1:04
  Why is this amount of aggressive buying happening right now, Not
• 1:08
  just by Sailor, but by the ETFs already surpassing Satoshi and
• 1:12
  holding 1.2 million BTC and the treasuries happening right now
• 1:17
  and in this moment? What do they know?
• 1:20
  Well, I think they know. This.
• 1:22
  So I think what we have is recognition that the interest
• 1:27
  expense for the United States is untenable if we continue running
• 1:33
  a $2.1 trillion budget deficit and we continue to have sticky
• 1:37
  interest rates. One thing that people fail to
• 1:40
  appreciate is how much the average Treasury payment has
• 1:44
  gone up. The average yield, the average
• 1:46
  coupon on on Treasuries was below 2%.
• 1:51
  The entire Treasury market, all 30 odd billion of it, you
• 1:54
  average it all together. Some of them are old, you know,
• 1:56
  they're issued with higher interest rates, but it was below
• 1:58
  2%. Now it's pushing 4%.
• 2:02
  And as long as bonds are maturing and there's trillions
• 2:05
  and trillions of dollars of them maturing, a lot of them were
• 2:07
  issued back in, you know, 2000 and nine, 2008.
• 2:14
  These other time periods, even if you just issued them in 2019,
• 2:17
  some of these are starting to come due and they were issued
• 2:20
  with coupons of 1/4 of a percent and now it's 4 1/4%.
• 2:24
  So it's 400 basis points higher. So, so this problem continues to
• 2:29
  to build and there's an awareness now that the long term
• 2:35
  Treasury bond is not a legitimate flight to quality
• 2:37
  asset. It's not responding to lower
• 2:41
  interest rates. It's not expect, it's not really
• 2:43
  responding to an inflation rate which is now 2 1/2 percent
• 2:47
  probably going to go higher on the inflation rate because the
• 2:50
  ones that are rolling off from a year ago, I mean the, the
• 2:53
  cumulative I think headline CPI that came out today, it was a
• 2:57
  .18. But the one that was rolling off
• 3:00
  I think was was .1. And and if you do the the next
• 3:03
  two months, those three months together that quarter the the
• 3:06
  cumulative rise from a year ago was .1.
• 3:09
  So we're likely seeing the low point in near term inflation.
• 3:14
  So, yeah, I think there's the reckoning is is coming is that
• 3:18
  we have to somehow figure out how we're going to deal with $37
• 3:22
  trillion. I mean, we're actually going to
• 3:24
  hit the 37 trillion number for real.
• 3:26
  It's still 36.95 trillion, but it's going up quickly.
• 3:31
  So yeah, there's going to have to be some pretty creative
• 3:35
  thinking and the markets starting to to believe that.
• 3:39
  So the private previous group talked about the capital flows.
• 3:44
  And getting back to Peter Schiff, why all the vitriol
• 3:47
  towards sailor? Does he have a point or is he
• 3:50
  mad his shiny rock is about to get obliterate?
• 3:53
  And also that gold has failed all throughout history in its
• 3:57
  duty to limit the state and its atrocities.
• 4:00
  Check out this clip from Trace Mayer dunking on Peter Schiff.
• 4:04
  I've honed in on the scarcest asset on the planet that has
• 4:07
  liquidity with 110 stock to Peter did say that I had said
• 4:12
  that Bitcoin has intrinsic value.
• 4:15
  That's not what I said. I said it was limited by its
• 4:17
  intrinsic characteristics. Nothing has intrinsic value.
• 4:21
  We as humans subscribe value to things through subjective value
• 4:25
  theory. And so that's an important
• 4:27
  distinguishment. And then it gets to our next
• 4:29
  point about entrepreneurship. One of the one of the great
• 4:34
  things about entrepreneurship is that the entrepreneur is able to
• 4:37
  take time, labor, capital, combine it with their vision and
• 4:42
  produce a good for the market. And the entrepreneurs that are
• 4:46
  successful, they have profits and the entrepreneurs that have
• 4:50
  losses are those that are unsuccessful.
• 4:53
  And So what Satoshi did is he created a new monetary good as
• 4:57
  an entrepreneur and introduced it into the market.
• 5:01
  And people through their own subjective value theory have
• 5:03
  honed in on it and decided I want some of that.
• 5:06
  And now it's creating a shelling point and it's become the most
• 5:10
  liquid high stock to flow asset on the planet.
• 5:14
  And you know, we're only 16 years into this.
• 5:17
  I have some gold UTX OS, some gold coins that are 25.
• 5:20
  I've had them for 25 years. You know, there's some
• 5:23
  institutions that have had gold UTX OS for millennia.
• 5:26
  Where are we going to be in another 16 years and another 16
• 5:30
  years after that and then another 160 years after that?
• 5:34
  And Bitcoin is just going to continue to crank that stock to
• 5:37
  flow higher. It's going to get scarcer.
• 5:40
  And humanity is going to be putting their savings and their
• 5:44
  retained earnings into it because it treats that capital
• 5:47
  well, because it has this high stock to flow, a sock to flow,
• 5:50
  that's now twice gold, but it'll eventually be even higher.
• 5:53
  So it's a superior monetary good in many of those ways.
• 5:57
  The century of Total War was no mistake, and gold did nothing to
• 6:02
  prevent it. Gold already failed.
• 6:04
  Do you not understand this is Hayek, Hapa and Macy's revenge.
• 6:09
  There is no stopping it. Rolling that the century of
• 6:12
  Total War coincided with the century of central banking.
• 6:16
  No government has ever said because we want to go to war we
• 6:19
  must abandoned central banking. Or because we want to go to war,
• 6:22
  we must abandoned inflation in the Fiat money system.
• 6:25
  Governments always say we must abandoned the gold standard
• 6:28
  because we want to go to war. That alone indicates the
• 6:30
  restraint that hard money places on governments.
• 6:33
  Precious metals cannot be created out of thin air, which
• 6:36
  is why governments chafe at monetary systems based on them.
• 6:39
  Now, while it's true that a gold standard restrains government,
• 6:42
  it's also true that governments have had little difficulty
• 6:44
  finding pretexts, war chief among them, to abandon the gold
• 6:48
  standard. For that reason, the gold
• 6:49
  standard in and of itself is not a sufficient restraint on the
• 6:52
  government's ambitions at home and abroad.
• 6:54
  But what we need today is the separation of money in state.
• 6:58
  The war machine and the money machine, in short, are
• 7:00
  intimately linked. It is vain to denounce the moral
• 7:03
  grotesqueries of the US Empire without at the same time taking
• 7:07
  aim at the indispensable support that makes it all possible.
• 7:10
  If we wish to oppose the state and all its manifestations, it's
• 7:13
  imperial adventures, it's domestic subsidies, it's
• 7:16
  unsolvable spending and debt accumulation, you must point to
• 7:19
  their source, the central the. Strategy's success is
• 7:22
  undeniable. So is the debt doom loop,
• 7:25
  inflation and the desire to find the best store value to escape
• 7:29
  all of it. And it's happening on a global
• 7:31
  level. Hence why Pakistan's finance
• 7:34
  minister spoke with Saylor, who may be helping advise them on
• 7:38
  their Bitcoin strategy in. Time today I'll stay in touch
• 7:41
  with Bilal. I would offer you just one final
• 7:44
  thought, which is it's a global economy.
• 7:48
  Pakistan has many brilliant people and a lot of people do
• 7:51
  business with you. My company had less than $400
• 7:54
  million to invest, but the markets gave me $40 billion
• 7:59
  because they trust us. And so the most important thing
• 8:02
  is leadership, intellectual leadership, and that they trust
• 8:05
  you. If the world trusts you and they
• 8:08
  hear your words and you speak articularly, the capital and the
• 8:13
  capability will flow to Pakistan.
• 8:17
  It's there. It wants to find a home.
• 8:20
  And and that's what happened with our company.
• 8:22
  Our success is because we were clear and committed.
• 8:27
  And once the market decides who the leader is, they get behind
• 8:31
  the leader and they send their money to you.
• 8:34
  And, and I think they'll do it to Pakistan too.
• 8:36
  You have the most important thing, which is, which is you
• 8:41
  have a commitment and a will and clarity here.
• 8:44
  So I look forward to working with you.
• 8:47
  Now the big question are Bitcoin treasuries good for Bitcoin and
• 8:51
  should you buy them? We're about to bring it home
• 8:53
  today, but before we do, look at our likes. 3-4 times maybe?
• 8:57
  I'll pump those numbers up. Those are rookie.
• 8:58
  Numbers in this. Racket.
• 9:00
  Don't forget to like, subscribe and give us a PAMP while we take
• 9:03
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• 9:04
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• 9:22
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• 9:24
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• 9:26
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• 9:29
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• 9:32
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• 9:57
  I went into a fugue state for four months.
• 10:00
  I dropped everything. Is that like a cocoon?
• 10:04
  I it's, it's almost a dissociative state.
• 10:08
  I would get up in the morning and read everything I could find
• 10:12
  about Bitcoin. Run code program, digest code,
• 10:16
  read more papers, read conversations, try to understand
• 10:21
  it deeper. Look at my watch and it's
• 10:24
  midnight, I haven't eaten anything.
• 10:26
  Go to bed, wake up at 8:00 in the morning, start again. 18
• 10:30
  hours a day for four months. Just unable to do anything else.
• 10:37
  Is that an obsession? Complete obsession.
• 10:39
  OK. To a point where this is not
• 10:42
  healthy, right? I lost 26 lbs in four months.
• 10:47
  Not because I was dieting, but because to eat I had to stop
• 10:51
  reading. And at that point, were you an
• 10:56
  expert in it? I'm not an expert today.
• 10:59
  OK. It's OK.
• 11:01
  What did you learn in that four months?
• 11:04
  And the reason I say that is because it's, it's a never
• 11:07
  ending journey of discovery. You scratch the surface, you
• 11:10
  find a layer, you dig, you find another layer, you go deeper,
• 11:14
  you find another layer. It opens up new opportunities,
• 11:17
  new possibilities. You start experimenting with
• 11:20
  those, you open up another layer.
• 11:21
  And while I'm doing that, Bitcoin itself is evolving.
• 11:26
  Bitcoin today is not Bitcoin of 2009.
• 11:28
  It's growing, it's evolving, it's developing new capabilities
• 11:31
  and features, and so I'm absorbing as much information as
• 11:36
  possible, but the information itself is growing at the same
• 11:38
  time. So while I do know a lot about
• 11:42
  Bitcoin, I will never know everything about Bitcoin.
• 11:45
  I know that feeling. I experienced it myself and I'm
• 11:48
  sure many of you did as well. My question for you is, did you
• 11:52
  do the work? Did you put in thousands of
• 11:54
  hours of research to buy a Fiat derivative of Bitcoin?
• 11:59
  That's what a stock is. Well, a a Bitcoin treasury
• 12:02
  company. You're giving a company or
• 12:04
  entity your money to buy Bitcoin for themselves so that you get
• 12:08
  what? At the end of the day, Peter
• 12:10
  Thiel points more paper, more Fiat.
• 12:14
  What are you here for? To separate money from state or
• 12:17
  to buy someone else's stock or shit coin so they can buy
• 12:20
  Bitcoin and make you the yield so that you what in the future
• 12:25
  have more slave money, Stable coins?
• 12:27
  Stop facing yield, or you become the yield.
• 12:30
  Bitcoin Treasuries are for some, but it isn't Bitcoin.
• 12:34
  It's a Fiat derivative that uses you and the idiotic system to
• 12:38
  pump its bags. And that's good for them.
• 12:40
  They're public companies. Plebs don't win by holding Fiat
• 12:44
  derivatives. They win by taking part in the
• 12:47
  revolution. And that's how we end all of
• 12:50
  this. Bullshit.
• 12:52
  Did Iran attack the United States of America?
• 12:54
  Is Iran the reason that no one can afford a house?
• 12:56
  Is Iran the reason that there's fentanyl everywhere?
• 12:59
  Is Iran the reason that we've got political corruption?
• 13:02
  Is Iran the reason that we have 12 people that own everything in
• 13:05
  this country? Is Iran the reason that we have
• 13:07
  the epidemic of poison food? That's people and children.
• 13:11
  And when your insurance won't cover a knee operation and you
• 13:14
  have to go bankrupt to replace your hip, is your main concern
• 13:19
  that Iran? This is the craziest I've ever
• 13:24
  heard in my life. We've been using Iran.
• 13:27
  Iran has been like that. We've been using Iran in this
• 13:29
  country forever. Everything is wrong.
• 13:31
  It's very simple sound money and freedom bring peace and
• 13:35
  prosperity. Fiat destroys and corrupts.
• 13:38
  Even in the Bible, it says unjust weights and measures are
• 13:41
  an abomination in the eyes of the Lord, Rejected in that
• 13:45
  entire system. There's something better.
• 13:47
  And this time traveler has already revealed the future runs
• 13:50
  on a Bitcoin standard anyway. Check it.
• 13:52
  Out today, we're going back in time to ask the people of the
• 13:55
  past one simple question. What?
• 13:58
  Is money. Excuse me, what do you use for
• 14:03
  money around here? Turns out.
• 14:10
  Not every economy is ready for interviews.
• 14:16
  How do you buy things? Shiny rock me, trade me happy.
• 14:22
  What do people here use for money?
• 14:24
  Cowrie shells. Shiny, rare and perfect for
• 14:27
  trade. If you've got a handful, you're
• 14:29
  basically royalty. Council's real money here,
• 14:31
  Denario. Solid silver.
• 14:33
  You use it to buy bread, wine or mercy.
• 14:36
  Especially mercy. This is our money.
• 14:40
  A rice stone. It doesn't move, but everyone
• 14:43
  remembers who it belongs to. Money today is great when we.
• 14:47
  Run out. We just print.
• 14:49
  More. Is Bitcoin real money?
• 14:56
  If you don't believe me or don't.
• 14:58
  Get it? I don't have time to convince
• 15:00
  you, sorry. What's money in the year 2141?
• 15:04
  Satoshi Fiat is gone. Bitcoin is forever.
• 15:09
  From shiny rocks to worthless Fiat and now Bitcoin, Math wins.
• 15:14
  Reporting from Mars. Didik is out.
• 15:17
  Hey, hope you guys enjoyed this one.
• 15:18
  Don't forget the biggest Bitcoin mining conference on the planet
• 15:22
  is heading to Dallas, TX November 11th through the 13th.
• 15:25
  The Simply team will be on site and we hope to see you there as
• 15:28
  well. So grab those tickets today and
• 15:30
  don't forget to use promo code Simply Bitcoin for 20% off.
• 15:34
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• 15:37
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• 15:41
  Bitcoin delivered to you daily. We a lot more coming your way,
• 15:44
  so stay tuned and I'll catch you all the next time.
• 15:46
  Love you guys, Purge. If you.
• 15:49
  Prefer to go down with the ship. You.