Latest / Simply Bitcoin / BlackRock Just Revealed Their AI Endgame and Bitcoin Has Other Plans | Simply Originals

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BlackRock Just Revealed Their AI Endgame and Bitcoin Has Other Plans | Simply Originals · Simply Bitcoin

• 0:00
  Three massive things happened this week.
• 0:02
  BlackRock CEO just told the world he's going to control
• 0:06
  nearly every AI data center in the United States and called
• 0:10
  American citizens who pushed back domestic terrorists.
• 0:14
  The Clarity Act passed out of committee heads to the Senate,
• 0:17
  but the language that protected open source developers stripped
• 0:21
  out last minute for votes that didn't even materialize.
• 0:25
  And here's a big one that'll rattle your sphincter.
• 0:28
  The odds of a rate cut just collapsed to 27%.
• 0:32
  Stagflation is on the menu. The new Fed chair, Kevin Walsh,
• 0:36
  just told you QE is over. Now almost nobody is connecting
• 0:43
  these three things. They look like separate news.
• 0:45
  They are the same news. The biggest Ponzi scheme in
• 0:49
  history, Fiat, is in its terminal phase and the system
• 0:53
  that's been printing your future away for 50 years is building
• 0:58
  its replacement right now and it is terrifying.
• 1:01
  My goal today is to show you the three pillars of that
• 1:05
  replacement, walk you through what they're actually building
• 1:08
  and by the end you'll understand why Fidelity says Bitcoin to a
• 1:13
  billion by 2038. BCA engaged baby.
• 1:18
  Bleach your hair. Blast that PM 5K because this is
• 1:22
  what it looks like when worlds, when systems collide.
• 1:26
  We got a big show today look, a system is what it does.
• 1:37
  Once you're in the system, you do what the system does.
• 1:41
  And this system, that system, as you can see here, is cooked.
• 1:47
  So they're building the replacement.
• 1:50
  Their replacement Cyborg, Larry Fink, wants every asset on one
• 1:55
  programmable blockchain. The banks want every line of
• 1:59
  crypto code to require a permission slip.
• 2:03
  The Fed wants to print so much money your eyes will bleed and
• 2:07
  then call you a terrorist when you opt out.
• 2:10
  Am I getting this right? Terrorist jihadis.
• 2:13
  They're building the cage. Bitcoin is already built the
• 2:16
  exit, and it's getting more powerful by the day.
• 2:20
  Today I'm going to lay out the three pillars of the cage.
• 2:23
  Control, capture, collapse. And after each one, I'm going to
• 2:27
  tell you the same thing because it's the only thing that
• 2:32
  matters. Bitcoin, like Larry David
• 2:35
  doesn't give a BlackRock isn't financing AI, they're financing
• 2:41
  the cage Pillar One control. Watch how casually Kevin
• 2:47
  O'Leary, Mr. Wonderful, or what or whatever the hell lies on one
• 2:52
  of the most viewed shows on the Internet.
• 2:54
  Take 40,000 acres in Utah and make it possible for the
• 2:57
  government to know where you are at all times and what you're
• 2:58
  thinking, listening to you on your phone like we have that.
• 3:01
  You have to. Choose the less.
• 3:02
  Of two evils in your scenario, and I'm telling you what you
• 3:05
  should do is say I want Kevin O'Leary to succeed.
• 3:07
  I want him to beat the Chinese and compute power.
• 3:10
  Then use the laws of the United States to make sure that you
• 3:13
  keep that compute power in check to not have it available to put
• 3:16
  down my shovel. I don't think people want to do
• 3:18
  that. Even the people in Box Elder,
• 3:20
  the majority of them want me to hold my shovel and start
• 3:22
  digging. There was a referendum among
• 3:24
  citizens. 3 to 0 the the the commissioners of the county
• 3:28
  said. We want to three people voted
• 3:30
  the people of the county. Elected.
• 3:32
  Officials. That's how you do.
• 3:34
  It How hard is it for Kevin O'Leary and Amazon and Microsoft
• 3:40
  and Google to subvert 3 county commissioners in rural Utah?
• 3:44
  They vote. They.
• 3:45
  Wanted. They asked us to come.
• 3:48
  They asked us to bring $50 billion.
• 3:51
  There's no Amazon, Google, and Kevin O'Leary got 3 county
• 3:53
  commissioners in rural Utah on their side.
• 3:56
  Good work. Cool story. the US already had
• 3:58
  5381 data centers. China has 449.
• 4:04
  We have 12 times more than the country we're supposedly
• 4:08
  competing with. So it's not about China.
• 4:11
  What is it about? But consider the concern.
• 4:15
  So if you're rolling out what they're telling you and clearly
• 4:19
  they believe is the single greatest technological change in
• 4:23
  the history of human life on this planet, it's the biggest
• 4:26
  thing that's ever happened ever, then you think one of your main
• 4:30
  concerns would be, well, does this change the relationship of
• 4:35
  the powerless to the powerful? Relationship of the citizen to
• 4:39
  the state, for example. What are your concerns would be
• 4:43
  how do we do this and bring about the prosperity that it
• 4:46
  promises without totally eliminating human rights, making
• 4:49
  people slaves because we're against slavery, right?
• 4:51
  Aren't we against slavery? We were.
• 4:53
  How do we do that? But that doesn't seem to be
• 4:55
  Larry Fink's main concern. His main concern is how do we
• 4:57
  protect our investment? This infrastructure, these
• 5:01
  buildings, these data centers, Someone could drone them.
• 5:06
  Someone could drone them. Now who?
• 5:09
  Foreign actors? Hezbollah.
• 5:11
  Hamas. No, no, just people.
• 5:13
  Larry Fink is concerned that ordinary American citizens, as
• 5:17
  he just said, will use $3000 drones to destroy these billion
• 5:20
  dollar investments. Why would he be worried about
• 5:24
  that? We've had electricity for over
• 5:28
  100 years. There are 11,000 power plants in
• 5:33
  the years. Walker said the quiet part out
• 5:36
  loud. The elites are terrified of
• 5:38
  ordinary citizens. Why?
• 5:40
  Because they know what they're building.
• 5:43
  Watch think himself. But now because of drone
• 5:47
  warfare, we have to relook at all forms of security and the
• 5:54
  need for rebuilding the GCC region to rebuild it to so that
• 6:02
  it could be in a position where it's not going to be obstructed
• 6:07
  by drone warfare. So a lot of many more things
• 6:09
  going to have to be underground. But even here in the United
• 6:12
  States, if we're going to be building, let's say these one GW
• 6:15
  data centers, how do we make sure we're not protecting those
• 6:18
  fifty billion, $75 billion investments?
• 6:23
  We have to relook at everything because of the role of drone
• 6:26
  warfare. Right now, we're looking at it
• 6:28
  internationally. But you know, what am I concerns
• 6:31
  is could it be a domestic terrorism using a $3000 drone.
• 6:36
  So all of these things are are are actually opportunities, not
• 6:41
  problems. It's going to require as we
• 6:43
  said, trillions of dollars of capital.
• 6:46
  Governments cannot build these out alone.
• 6:49
  They don't have the the wherewithal and two their
• 6:52
  deficits are started the mounting and we spend too little
• 6:55
  time talking about the US deficits and other countries
• 6:58
  deficit. So this is going to all going to
• 7:00
  be the role of private sector. He's calling you a terrorist
• 7:03
  before you've done anything. A week after the 2026
• 7:07
  counterterrorism strategy expanded the definition of
• 7:10
  domestic terrorism. Right on time, right on script.
• 7:14
  And it gets worse. the US Army just signed off on 50 year
• 7:18
  leases at Fort Bliss and Dugway Proving Ground, hyperscale data
• 7:22
  centers on military bases built by Carlisle, KKR, and Global
• 7:27
  Infrastructure Partners. Guess who owns Global
• 7:30
  Infrastructure Partners? BlackRock.
• 7:33
  The Army's not getting paid in cash.
• 7:35
  They're getting paid in compute, the same compute that runs
• 7:40
  Palantir's Maven AI, the targeting system that according
• 7:43
  to military times, generated coordinates that bombed a
• 7:48
  primary school in Iran, most of them children, and now think
• 7:52
  once all of it on one blockchain I.
• 7:55
  Think the movement towards tokenization, decimalization is,
• 8:00
  is necessary. It's ironic that we see two
• 8:03
  emerging countries leading the world in decimals in, in, in, in
• 8:07
  the tokenization and digitization of their currency.
• 8:12
  That's Brazil and India. I think we need to move very
• 8:15
  rapidly to doing that. We would be reducing fees.
• 8:19
  We would do more democratization by reducing more fees if we had
• 8:24
  all investments on a tokenized platform that you can move from
• 8:27
  a tokenized money market fund to equities and bonds and back and
• 8:31
  forth. We have one common blockchain.
• 8:34
  We will, you know, we, we could reduce corruption.
• 8:36
  So I would argue that yes, we have more dependencies on maybe
• 8:41
  1 blockchain, which we could all talk about.
• 8:44
  But that being said, that activities are probably
• 8:48
  processed and more secure than everyone.
• 8:50
  Blockchain, programmable, fractionalized, instantly
• 8:53
  transferable translation. A kill switch on every dollar
• 8:58
  you own. That's the cage.
• 9:00
  They're not financing AI, they're financing the cage.
• 9:04
  And they want you to think you're a.
• 9:06
  Terrorist. For noticing Bitcoin doesn't
• 9:09
  give a Speaking of cages, most of you watching right now have
• 9:14
  your Bitcoin sitting on an exchange.
• 9:16
  You don't own it. You have an IOU.
• 9:19
  And when Fink's blockchain goes live and they freeze your
• 9:22
  account because you reposted the wrong meme, you're going to wish
• 9:26
  yourself custody. The Bitcoin way exists because
• 9:30
  self custody shouldn't require a computer science degree white
• 9:34
  glove onboarding. They walk you through your
• 9:36
  hardware wallet setup, multi sig inheritance, planning the whole
• 9:39
  stack so when the system melts down, your stack doesn't melt
• 9:44
  with it. If you don't hold your keys, you
• 9:46
  don't hold your Bitcoin. Book your free consultation
• 9:49
  today. Click that link in the
• 9:51
  description, scan the QR head over to the Bitcoin Way today
• 9:56
  and stop renting your freedom. The Clarity Act is not clear.
• 10:01
  It's a leash. Pillar 2, capture the Clarity
• 10:04
  Act passed. Charles Payne changed his
• 10:06
  profile picture to an American flag.
• 10:09
  Bitcoin, Everyone's celebrating. Was it really a win?
• 10:13
  Let's check the tape. Let's go to Bitcoin Senator
• 10:16
  Cynthia Lummis and see what she's been up to.
• 10:20
  This is some competition for them.
• 10:24
  They view it as competition that will hurt their ability to
• 10:29
  sustain the deposits they need to make loans.
• 10:33
  I disagree with that. They want changes that actually
• 10:37
  would go back to the Genius Act we passed last summer and make
• 10:41
  changes to it. I think that they should embrace
• 10:47
  digital assets. It's going to be part of the
• 10:49
  financial products they can offer in the future.
• 10:52
  We're going to have a digital dollar, a digital Bitcoin,
• 10:56
  digital alternative coins. It's going to be a new financial
• 11:00
  landscape and I'd like to see the traditional banking industry
• 11:05
  embrace it instead of fight it. Let.
• 11:08
  Me go through a couple of the things that we have done to
• 11:13
  strengthen and address some of the issues that have been raised
• 11:19
  regard to anti money laundering and illicit finance.
• 11:23
  It creates risk based exam standards.
• 11:26
  It expands Treasury Special Measure authority to act swiftly
• 11:30
  against foreign money laundering.
• 11:32
  It creates studies on mixers and tumblers.
• 11:35
  It requires annual Treasury reports on foreign jurisdictions
• 11:39
  compliance with US AM LCFG standards.
• 11:43
  It requires recurring Treasury reports on offshore stable
• 11:48
  coins. It requires mandatory
• 11:51
  educational materials on digital asset risks.
• 11:54
  Insider resale restrictions to prevent pump and dump schemes.
• 12:00
  It has timely disclosure requirements, Broker deal
• 12:03
  insolvency disclosures, a federal regulatory floor for
• 12:08
  crypto kiosks. This is very important.
• 12:11
  This has been a problem in my state.
• 12:14
  Tokenized securities remain securities under SEC
• 12:17
  jurisdiction. FTC authority over unfair or
• 12:21
  deceptive practices. 30 million per year through 2031 for FinCEN
• 12:30
  with regard to fraud and AML provisions.
• 12:33
  Temporary holds for suspicious activities and preventing those
• 12:38
  who place the holds from having private causes of action.
• 12:43
  It applies BSA regulation to digital asset brokers, dealers
• 12:48
  and exchanges. This list goes on and on.
• 12:52
  This is a pro law enforcement bill.
• 12:56
  That's why they hate it. Bitcoin is winning.
• 12:59
  The banks know what they're losing, so they fought for their
• 13:01
  lives and they got their consolation prize.
• 13:05
  Last minute negotiation. Banking Committee Republicans
• 13:08
  and Democrats stripped Section 3 O one.
• 13:11
  That was the blockchain regulatory certainty act, the
• 13:14
  language that protected non custodial software developers
• 13:18
  from being treated like money transmitters.
• 13:21
  The direct response to the Tornado Cash and Samurai wallet
• 13:24
  prosecutions gone traded away for bipartisan votes that did
• 13:29
  not materialize. Mark Warner still voted no.
• 13:32
  They sold the developers for nothing.
• 13:35
  Oh, and our girl is Warren Full that vintage Liz crawled out of
• 13:43
  her cave, slithered into Congress, and proposed 40
• 13:47
  amendments against this bill. Roll it, it pushes.
• 13:50
  More of the market into crypto and removes protections for
• 13:54
  investors and removes recourse for victims.
• 13:58
  That is the wrong direction to go in.
• 14:00
  All right, when this blows up the economy, I hope everybody
• 14:03
  remembers. Hey Liz, Bitcoin doesn't give a
• 14:07
  it's winning. You're losing.
• 14:09
  But make no mistake, a war is being fought right now.
• 14:12
  A last ditch effort for any semblance of relevance before
• 14:16
  they go extinct. The Clarity Act is making things
• 14:19
  clear, actually. All right, the banks hate you
• 14:21
  and the state hates the 4th amendment.
• 14:24
  I don't even think they know it exists.
• 14:26
  Oh, and here's The Dirty secret about every other Bitcoin backed
• 14:30
  lender. They're lending your collateral
• 14:33
  out the rehypothecation it They're playing the same
• 14:36
  fractional reserve game the banks play with your Bitcoin and
• 14:41
  when the music stops, your stack is gone.
• 14:44
  Letting done do that, their custodied loan product means
• 14:47
  your Bitcoin sits in cold storage.
• 14:50
  Never lent out, never touched. That's the Satoshi standard. 8
• 14:55
  years, $10 billion in origination 0 customer Bitcoin
• 14:59
  lost lowest rates in the industry.
• 15:01
  No hidden fees, no fine print auto top up so you never get
• 15:05
  liquidated by a Wick 0 prepayment penalties paid off
• 15:09
  whenever you want. Don't sell your Bitcoin to buy a
• 15:11
  house, a car or business. Borrow against it.
• 15:14
  Keep your stack. Scan the QR or click the link in
• 15:17
  the description and head over to leaden dot IO.
• 15:21
  The new Fed chair. Just bet against easy money.
• 15:24
  Everything must reprice. Pillar 3 collapse.
• 15:30
  Utter destruction. The macro picture is absolutely
• 15:33
  cooked. Rate cut odds for 20/26/27
• 15:37
  percent. There is now a higher chance the
• 15:39
  Fed hikes then cuts by December. Inflation is back in full swing.
• 15:45
  Ray Dalio live on CNBC said the quiet part.
• 15:49
  Almost anybody who's objective, they would say, certainly you
• 15:53
  would not cut interest rates now, OK, you will lose your
• 15:56
  credibility. The Federal Reserve would lose
• 15:58
  its credibility, particularly now almost at any time.
• 16:02
  And so I would say, but beyond that, it's not the right way to
• 16:06
  have monetary policy given all things considered.
• 16:09
  He. He.
• 16:09
  Should wait till when with the well.
• 16:11
  You should. You have a dual mandate, right?
• 16:14
  You're in a stagflationary period.
• 16:17
  We're in a sad inflationary period.
• 16:18
  You think we are. We are certainly in the sad
• 16:20
  inflationary period. Now how that transpires has a
• 16:24
  lot of parts to it, but we're certainly in, in that.
• 16:29
  And if you look at monetary policies by other countries,
• 16:32
  you're not going to see them cutting, OK.
• 16:34
  So you could, whatever your benchmarks are, you're not going
• 16:37
  to be inclined to cut the monetary policies, not with
• 16:40
  today's information. Stagflation, the one thing every
• 16:45
  central banker on earth told you couldn't happen again after
• 16:48
  1979. Well here we are.
• 16:51
  Look at the bond market. 30 year yield 5% twenty Year 5% teen
• 16:56
  year 4.5 Every maturity rising together the government is
• 17:00
  running a $2 trillion annual deficit and borrowing more every
• 17:05
  day to fund a war for no reason. Meanwhile, the UK 30 year just
• 17:09
  did 5 percent, highest since 2008.
• 17:12
  Japan's wholesale inflation came in at 4.9%, nearly double the
• 17:17
  forecast. The 30 year Japanese government
• 17:20
  bond just hit 4%, a record for a country that spent 3 decades in
• 17:25
  deflation. A former JP Morgan Japan had
• 17:29
  said the countdown to yen worthlessness has begun.
• 17:33
  Stocks are at all time highs because AI earnings are real.
• 17:37
  Bond yields are at multi decade highs because the debt is real.
• 17:42
  Both cannot be right. But hey, don't worry, the
• 17:47
  president is deeply concerned about your financial situation.
• 17:51
  I'm sure he's working on fixing it.
• 17:54
  Oh wait, what? Extent are American financial.
• 17:58
  Situations motivating you to make a deal.
• 18:01
  Not even a little bit. It's the only thing that
• 18:03
  matters. When I'm talking about Iran.
• 18:05
  They can't have a nuclear weapon.
• 18:06
  I don't think about Americans financial situation.
• 18:10
  I don't think about anybody. I think about one thing.
• 18:13
  We. Cannot.
• 18:14
  Let Iran have a nuclear weapon. That's all.
• 18:17
  Gas prices in America are still high.
• 18:20
  Painfully high. They're going to drop like a
• 18:23
  rocket once it's over. Painfully high though now and
• 18:26
  and could be creeping higher than Weinstein, excuse me, lower
• 18:29
  than Biden and much lower than people thought they'd be.
• 18:32
  This inflation number is going up.
• 18:34
  You're right. It's much lower than President
• 18:36
  Biden's was, but it's going up under you.
• 18:39
  The numbers are, you can imagine Democrats and political pundits
• 18:45
  jumped all over this table that you made the other day.
• 18:47
  You were asked on the when you were leaving, what extent?
• 18:51
  Are Americans? Not even a little bit.
• 18:56
  It's the only thing that matters is that I'm talking about Iran.
• 18:59
  They can't have a nuclear weapon.
• 19:01
  I don't think about American financial situation.
• 19:05
  I don't think about anybody. I think about one thing.
• 19:08
  We cannot let. Iran have a nuclear.
• 19:10
  Weapon, that's all. That's right.
• 19:11
  That's a perfect so to make it again, but you can imagine how
• 19:15
  many people stop the sound bite at I don't think about America.
• 19:19
  They played the situation. So what's your response to that
• 19:22
  frame? Very simple.
• 19:24
  When people hear me say it, everybody agrees short term
• 19:29
  pain, it's going to be short term pain.
• 19:31
  But the pain is much less than people thought.
• 19:33
  Because people thought that the oil would go up to $250.
• 19:37
  You know, it was $99.00 yesterday, $99 a barrel.
• 19:40
  I thought it might go up to 200. I was OK with that, not that I
• 19:44
  wanted it, but you cannot let them have a nuclear weapon.
• 19:48
  They will use it on us. They'll start off with Israel,
• 19:51
  wipe it out, the Middle East, wipe it out.
• 19:52
  It'll go to Europe. You know, they have a missile
• 19:55
  that goes to Europe. You saw that.
• 19:56
  OK, they have a missile goes to Europe.
• 19:58
  I have done Europe a very big favor.
• 20:00
  When you tell somebody you're going to have to pay a little
• 20:03
  more, not that much more, a little more for gas, I mean for
• 20:07
  virtual period of time. Because we want to stop the
• 20:10
  threat of being blown to pieces by a lunatic by a crazy person
• 20:15
  and they are crazy using nuclear weapons.
• 20:17
  Everybody says that's fine. And that question was a fake
• 20:20
  question and they didn't put my full answer.
• 20:23
  I totally care. Look, I inherited high prices
• 20:27
  and they came in with the word affordability.
• 20:29
  My first press conference, 2 days in, and Biden didn't do
• 20:33
  press conferences. He'd go for years without doing
• 20:36
  because he was incapable of doing it.
• 20:37
  He was an incompetent person. But my first question was about
• 20:41
  eggs. Eggs have quadrupled.
• 20:43
  What are you going to do? I said eggs, Tell me about eggs,
• 20:45
  Tell me about the problem. Eggs have gone up four times.
• 20:48
  I said I'll take care of it. By the way, I did take care of
• 20:51
  it. But they came up with a word.
• 20:54
  Because they are good. They're rotten with policy.
• 20:57
  They're horrible politicians in many cases there.
• 21:00
  We have a new name. They're Democrats.
• 21:02
  I call them Democrats, not Democrats.
• 21:04
  They're Democrats. A lot of low IQ people.
• 21:07
  You have Ilhan Omar saying World War 11.
• 21:10
  She said world. She was referring to World War
• 21:12
  2. She said World War 11.
• 21:16
  These people are destroying our country and we have to stop.
• 21:20
  And you know, President. Oh, cool, glad.
• 21:22
  Thanks. Nice.
• 21:24
  We cleared it up. Now into this dumpster fire
• 21:28
  walks a brand new Fed chair, Kevin Warsh, who just bet
• 21:31
  against the entire Powell Playbook agenda for.
• 21:34
  Reform that, won't that. Won't make matters worse.
• 21:39
  Yes, well, this might upset part of your audience, Peter.
• 21:41
  So this is a trigger warning. This is what one of the people
• 21:44
  like you and I do on campus. I believe this administration
• 21:47
  inherited a mess, a fiscal and monetary mess, and it is
• 21:53
  incumbent on the administration to get out of it.
• 21:56
  No one said it would be easy. We didn't get into this mess
• 21:58
  overnight. We're not going to get out of it
• 22:00
  overnight. To make the numbers you said
• 22:03
  somewhat easier, I think to understand, we were paying about
• 22:07
  a billion dollars in interest expense every day the day before
• 22:11
  COVID. We're now paying more than $3
• 22:14
  billion per day in interest expense.
• 22:17
  None of that's going to strengthen the military or help
• 22:19
  the least well off among us that is being squandered away.
• 22:22
  OK, So what do I suggest? As you pointed out and as you
• 22:28
  and I have discussed, but I'm not sure the economics
• 22:30
  profession believes this, there are two monetary policy
• 22:33
  instruments. One is setting of interest rates
• 22:37
  and the other, this money we keep talking about, we call it
• 22:39
  QE, we call it the central bank's balance sheet.
• 22:42
  If we would run the printing press a little quieter, we could
• 22:47
  then have lower interest rates because what we're doing right
• 22:52
  now is we have all this money that's being flooded into the
• 22:56
  system, which causes inflation to be above target.
• 23:00
  That's the $7 trillion balance sheet you're talking about, an
• 23:03
  order of magnitude larger than when I joined the Fed.
• 23:07
  And at the same time, you have another monetary policy
• 23:09
  instrument, and that's interest rates.
• 23:11
  They don't work perfectly together.
• 23:13
  They're not perfect substitutes for each, but they're both
• 23:16
  monetary policy and too many that are in the central banking
• 23:20
  business say no, no, no, that balance sheet has nothing to do
• 23:23
  with monetary policy. Well, if it did when you were
• 23:26
  growing it, it should have something to do with the conduct
• 23:29
  of monetary policy when it's going the other direction.
• 23:33
  I think we have to be honest about these two instruments.
• 23:37
  And because I believe that growing the real economy is the
• 23:41
  more important piece for revenue, for fairness, for
• 23:45
  efficiency and growth, and because you have higher
• 23:48
  inflation caused by the bigger balance sheet, we want to shrink
• 23:51
  that. We can't do it overnight.
• 23:53
  We want the Treasury Department and the Federal Reserve to come
• 23:57
  to some accord, much like the Treasury and the Federal Reserve
• 24:01
  came to in 1951. Who's responsible for what?
• 24:06
  Who's going to be managing interest rates?
• 24:09
  The Federal Reserve? Who's going to be handling
• 24:11
  fiscal accounts? The Treasury Department, we have
• 24:14
  blurred these lines about who's responsible and when a president
• 24:18
  comes to power, his Treasury Secretary should be responsible
• 24:22
  for as the fiscal authority, instead of blurring that over to
• 24:25
  the Federal Reserve, which only brings politics to the Federal
• 24:28
  Reserve and I would say interrupts their normal,
• 24:32
  ordinary course. In my judgement, we should be
• 24:35
  shrinking the central bank balance sheet, taking the Fed
• 24:39
  out of these markets unless and until there's a crisis.
• 24:43
  And in so doing, you'd have less inflation that way.
• 24:46
  You and I might call that a practical monetarism.
• 24:49
  I think that's what our intellectual errors might be
• 24:52
  thinking about, intellectual teachers might be thinking
• 24:57
  about. And in so doing, you might
• 24:59
  actually be able to pull off lower interest rates, which
• 25:02
  matter more to the real economy than the balance sheet.
• 25:06
  All right. Powell printed.
• 25:07
  Warsh wants to stop. Powell expanded the balance
• 25:10
  sheet to $6.7 trillion. Warsh just told you that the
• 25:15
  number has to come down. Less liquidity, higher rates for
• 25:19
  longer risk assets reprice. The market has been betting on
• 25:24
  easy money. The new Fed chair just bet
• 25:26
  against it and the Bank of Japan's only exit from 9
• 25:29
  trillion in in debt is to inflate it away when the carry
• 25:34
  trade unwinds. And it will.
• 25:36
  Bitcoin doesn't give a which currency broke first.
• 25:41
  They're going to print so much money it'll make our eyes bleed.
• 25:44
  So put it all together. Control.
• 25:46
  BlackRock owns the AI infrastructure and the
• 25:49
  government calls you a terrorist if you push back or question it.
• 25:53
  Capture the Clarity Act sells out the developers to give the
• 25:55
  banks a leash. Collapse.
• 25:57
  The bond market is screaming, stagflation is here and the new
• 26:01
  Fed chair just told you QE is dead. 3 News stories, one event.
• 26:07
  The Ponzi is in its terminal phase, and the parasites running
• 26:11
  it or building the replacement? A programmable, surveilled, kill
• 26:16
  switched financial cage. That's what the data centers are
• 26:20
  for. That's what the Clarity Act
• 26:22
  softens people up for. That's what the next round of
• 26:26
  money printing pays for. But here's the thing they didn't
• 26:31
  account for Bitcoin already exists.
• 26:34
  The replacement they're terrified of is already built.
• 26:38
  It's being built better now, right now, by people, by us,
• 26:44
  block by block, block height, climbing every 10 minutes.
• 26:48
  They can't stop it. They can't seize it.
• 26:51
  They can't print more of it. The person in charge doesn't
• 26:56
  really matter. And I'm talking about in the US
• 26:58
  context, obviously the big world out there and there's seven
• 27:01
  billion, 8 billion people. So really I'm talking about it
• 27:03
  400 million. But at the end of the day, if
• 27:05
  you talk about in the in the United States, Bitcoin had the
• 27:09
  biggest price appreciation under a Democratic president,
• 27:11
  President Obama. Then there was Trump, then there
• 27:14
  was Biden, and there was the second company against Trump.
• 27:17
  And obviously, you know, Trump's second time around, the rhetoric
• 27:21
  changed in terms of the the crypto rhetoric around, OK,
• 27:25
  enforcement agencies acceptance and, and all these sorts of
• 27:28
  things. But at the end of the day, like
• 27:31
  Bitcoin went from zero to something, you know, big
• 27:33
  something with no regulatory clarity, with no support.
• 27:38
  The only thing that Trump has actually done in terms of bills
• 27:41
  signed is I think the Genius Act, right?
• 27:44
  That was signed in July of 2025. So we've gotten to an all time
• 27:49
  high, at least in the United States, contacts with absolutely
• 27:53
  no clarity, absolutely no regulation, absolutely no
• 27:56
  support. So that isn't the constraining
• 27:58
  factor in the price. And I think that the price
• 28:02
  performance of Trump post inauguration in the second term
• 28:05
  has proven that the price is down something like, I don't
• 28:08
  know, 20%. So in my mind, this proves that
• 28:11
  Bitcoin's value has nothing to do with regulations or the lack
• 28:17
  thereof, or. Crypto.
• 28:19
  Regulation has everything to do with how much Fiat liquidity is
• 28:23
  there in the system and Bitcoin will respond to that.
• 28:26
  And so it doesn't matter. It's nice that Trump says nice
• 28:30
  things about crypto and he showed up to the events and
• 28:32
  obviously takes people's money for the campaign donations.
• 28:34
  And you know, the SEC and the CFDC, you know, have wound down
• 28:39
  certain enforcement actions against crypto people like
• 28:42
  great. But again, at the end of the
• 28:43
  day, the price action says it doesn't matter either way.
• 28:47
  And to the point about the previous administration, if you
• 28:50
  go back before the FTX implosion 2022, Gary Goetzer was a much
• 28:56
  different person in terms of at least a rhetorical stance
• 29:00
  towards crypto that it was a lot more positive.
• 29:03
  You know, Sam Paper and Freed was about to get almost every
• 29:05
  single license on offer in the United States.
• 29:08
  It was only because he basically bribed all these politicians
• 29:12
  with hundreds of millions of dollars, then turned out that he
• 29:14
  just stole that money from his customers because the Democratic
• 29:17
  Party had to completely switch the attack on crypto because
• 29:20
  they looked so compromised. And so all of a sudden, it was,
• 29:23
  this is the most evil thing in the world.
• 29:25
  But, you know, Elizabeth Warren and all these other
• 29:27
  motherfuckers took Sam's money. And we're perfectly willing to,
• 29:31
  you know, expound on the benefits of crypto as long as
• 29:34
  they were getting campaign donations.
• 29:36
  And so I think this whole people need to remember actually what
• 29:39
  happened. It's not that the Democrats are
• 29:41
  against crypto. It's that they looked
• 29:43
  compromised because their poster child was a thief.
• 29:46
  We thought he it was they found not to be a thief.
• 29:49
  And therefore, in order to save their political skin, they had
• 29:51
  to turn a different tack to become their party of itchy
• 29:55
  crypto. And so things can change, right?
• 29:57
  And so I think people need to understand that politics is
• 29:59
  fickle. The priority of politicians
• 30:01
  change all the time. It's all about compromise and
• 30:03
  horse trading. And so there is no like
• 30:06
  demonstrative like this party is great for crypto and this party
• 30:09
  is bad for crypto. Things will change.
• 30:10
  And so I think people need to keep that in mind.
• 30:13
  I think that's Arthur. This is but.
• 30:15
  It's. I talked to a lot of people
• 30:17
  that's, that's a very unique take and that perspective and
• 30:20
  it's good to to go back and look at the history.
• 30:23
  And that makes perfect sense, right?
• 30:25
  You know, they, they didn't really pay attention to it
• 30:27
  before FTX. They're very, you know, like you
• 30:29
  said, their poster child ended up being a thief and then that
• 30:33
  kind of forced their hands. That's the first time hearing
• 30:35
  that perspective. So I really appreciate that.
• 30:38
  What is your take on the Clarity Act?
• 30:40
  Because it's all the buzz right now.
• 30:42
  That's what everybody's talking about.
• 30:44
  They released the pages apparently 2 days ago and the
• 30:47
  dead of night at like midnight. Is it significant?
• 30:50
  Is it going to, is it going to be bullish for the price?
• 30:53
  Does it even matter? Does Bitcoin even need
• 30:55
  regulation? You were talking about that
• 30:57
  earlier. Bitcoin number number went up
• 30:59
  regardless of the administration, regardless of
• 31:02
  the political party, regardless of the regulatory environment.
• 31:05
  Is it a big deal the Clarity Act passing?
• 31:09
  I think for the broader crypto ecosystem, the Clarity Act pass
• 31:11
  and doesn't pass has no effect on the price, no effect on the
• 31:14
  trajectory of Bitcoin. However, if you are a founder or
• 31:19
  builder inside the United States and your product or service is
• 31:23
  predicated on access to that market or you are ACEO of a
• 31:27
  centralized exchange like Jeremy Lear or Brian Armstrong, this is
• 31:31
  a very important bill for you, right?
• 31:32
  Because this is just going to define how you interact within
• 31:34
  the system against the the banks and other institutions in the
• 31:39
  financial services sector and what that means for crypto.
• 31:43
  Now, obviously the mainstream media is very Western focused US
• 31:45
  focus. And so they're blurring out all
• 31:47
  this nonsense about the clarity Act this and the clarity Act
• 31:49
  that. But in general, no, it will have
• 31:51
  no effect on the price whether it passes or it doesn't pass.
• 31:53
  But again, if that is your market, the United States market
• 31:56
  is what you care about in terms of, you know, crypto financial
• 31:59
  services. Yes, it is very important.
• 32:01
  I have not read the bill. I will not read the bill.
• 32:03
  It has no effect on crypto. You know, from my own
• 32:06
  perspective, if it does end up passing both the House and the
• 32:10
  Senate, I hope from vetoes it because it doesn't.
• 32:13
  It's not necessary. It's just adding more
• 32:15
  complexity, red tape, legal costs, all these sorts of things
• 32:18
  that have nothing to do with crypto, has nothing to do with
• 32:21
  open source tech development. If, if anything, that's going to
• 32:23
  hamper open source tech development inside the United
• 32:25
  States. But again, it has no it'll have
• 32:28
  no impact on the price either way.
• 32:30
  Arthur sees it. Bitcoin went from zero to a $4
• 32:32
  trillion asset with no regulatory clarity, no support.
• 32:37
  Why? Because Bitcoin doesn't run on
• 32:39
  permission slips, it runs on math.
• 32:42
  And when they print to inflate money, 9 trillion in Japanese
• 32:45
  debt and 2 trillion in US deficits a year.
• 32:48
  Bitcoin reprices Arthur's target 6X in two years.
• 32:52
  And that's being bearish. Fidelity says a billion per coin
• 32:56
  by 2038. That's not a moon boy take.
• 33:00
  That's an asset manager with over 5 trillion under management
• 33:04
  telling you what the math looks like when the cage gets built
• 33:08
  and the exits get crowded. So if all this has you down,
• 33:12
  sleep well tonight. Short term noise, short term
• 33:16
  catastrophe. The replacement they're
• 33:18
  building, it's terrifying, but the exit is already built and
• 33:23
  it's already winning. Speaking of off grid, when the
• 33:26
  cage closes and the grid goes down and look around, it's not a
• 33:29
  question of like if anymore, how are you broadcasting your
• 33:33
  transactions? How are you reaching the
• 33:35
  network? SAT 123 is the answer.
• 33:39
  Satellite Bitcoin gear, off grid kit, sovereign communications,
• 33:43
  the hardware that keeps you connected to the network when
• 33:45
  the network they control goes down built by bit corners for
• 33:50
  bit corners, use code simply to get you 15% off at the checkout
• 33:54
  at SAT 123 link in the description scan the QR.
• 33:58
  Don't be the guy who's self custodies and can't transact.
• 34:01
  All right? Last thing we've been building
• 34:05
  something in the background, top secret, something we've been
• 34:09
  working on for months. That's going to change what this
• 34:12
  channel does for you and what we deliver and how you survive
• 34:17
  what's coming. I can't tell you what it is yet,
• 34:20
  not today. I can tell you this if you ain't
• 34:23
  first your last. Scan the QR code on screen,
• 34:26
  click the link in the description.
• 34:28
  Sign up to the early list. Be the first to know what simply
• 34:31
  Bitcoin has been building and what's about to drop.
• 34:34
  You don't want to find out about this from someone else.
• 34:37
  Bitcoin doesn't give a fuck, but you should.
• 34:40
  That's the show. Control, capture, collapse 3
• 34:43
  pillars 1 Ponzi 1 Exit. The system does what it does and
• 34:47
  what this one does is print surveil and lie bitcoins only
• 34:52
  job math smash the like subscribe hit the bell give us a
• 34:56
  pamp drop your favorite kill shot from today's show in the
• 35:00
  comments we'll be reading them the war is here bleach your hair
• 35:04
  blast that PM 5K. This is what it feels like when
• 35:08
  worlds when systems collide, baby.
• 35:13
  Hey love you guys. Catch you next time if you.
• 35:16
  Prefer to go down. With the ship.
• 35:19
  Thank you.