Latest / Simply Bitcoin / Central Banker ADMITS DEFEAT, $10M BITCOIN IS INEVITABLE | EP 493

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Central Banker ADMITS DEFEAT, $10M BITCOIN IS INEVITABLE | EP 493 · Simply Bitcoin

0:03
Welcome back everyone. We're simply Bitcoin.
0:05
We break down the news. The daily fail mean review,
0:08
software releases Hardware releases and the pleb sites
0:12
joining us today. Bitcoin Legend.
0:17
That's right to me. He's a legend.
0:18
I'm talking about Francis pouliot.
0:21
He's fellow Bitcoin, ER, pleb and CEO of bull Bitcoin.
0:26
Francis. Thank you so much for joining
0:28
us, man. I'm so fucking Stokes to be on
0:32
this show, guys. I haven't been on a on a podcast
0:36
during this whole year. So I've been saving up for you
0:39
guys, dude. Yeah, man, and we are diving
0:44
into the numbers. Get ready.
0:45
My dude. Let's do it another time.
0:47
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The block head is seven hundred thirty eight thousand.
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Thirty to the Bitcoin price 29,000 295 chain rewrite day,
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761 total public lightning capacity, 3909 dot 22, Moscow
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time 34:14 blocks to the having 101. 1968 and the samurai
1:32
Whirlpool unspent capacity, Samurai Whirlpool is a coin or
1:36
collaborative spended is not a mixing service and the Sam and
1:39
the unspent capacity for that pool is four thousand, seven
1:42
hundred. Eighty 6.10 BTC Nico.
1:45
The numbers that look exactly like they did yesterday.
1:48
I actually hit refresh before we started because I could have
1:51
swore that they were the exact same.
1:54
Ha. Ha ha.
1:55
No, man. The big the Bitcoin price is
1:58
boring AF. This is true, but Eight.
2:00
Look if you do what we Advocate on the show DCA.
2:04
Stay humble Stacks hats. Anyways, Phil.
2:07
We got some very spicy comments and I save them for when Francis
2:12
came on the show. Because, you know, he's he was
2:16
on the he was on the on the on the crazy panel at the Bitcoin
2:20
conference with fatzke. I would say the most toxic and
2:23
and like crazy Italian Bitcoin or that I fucking love that coma
2:29
Giacomo. There we go, and they had the
2:31
bet they had the best panel. It was, it was all true.
2:34
It was pure signal and that I have a feeling that's why they
2:36
put you on that stage, far far away.
2:39
But anyways, so this is the first comment by Bread.
2:45
Brad, Keck Kirk Keck. Sorry, Nico can't read.
2:49
You guys know the drill. He says all the inflation is
2:52
tributed to companies making record profits.
2:55
Every month. This only helps the top-tier
2:58
employees. Come more wealthy.
3:01
So two components to that. You could you could tell that
3:04
that propaganda that Joe Biden is releasing and tweeting about
3:08
how you have to top the top. You know, the wealthy people in
3:11
order to bring down inflation Francis.
3:14
How do you feel about that? I don't even know how to break
3:17
down, how fucking stupid that is.
3:20
So inflation, being caused by people making record profits,
3:26
there exists a thing called competition.
3:29
So I mean if If someone raises his prices, then people will go
3:33
to their competitors prize. I don't know how that's you ask
3:38
me to explain something that that isn't a logical construct.
3:41
I cannot operate within a logical construct and that being
3:46
rewarding the companies. I mean, that's just bullshit
3:49
marks. This talk.
3:50
I don't know. How do how do we even address
3:52
that? I would say, you know, fuck you
3:54
and you do you who cares like I don't care about that that
3:57
arguments like is that you know, What's the, what's the, the
4:02
reason why that argument is made the argument is made
4:04
specifically because it leads to the policy of taxing people
4:08
more. So if you're framing the problem
4:11
of information, as people are making too many prophets that
4:15
has the problem, the way you're framing, the problem has a
4:18
solution in plaid which is we should take those fucking
4:20
profits and give them back to us because we're paying for more
4:23
shit, right? So it's just basically some kind
4:25
of ad hoc rationalization in order to take other people's
4:29
shit. And you know the reason why they
4:33
mention well, it's the top employees that are making all
4:36
the money it's because they're already preparing for the
4:38
counter argument, which is well, if we start fucking taxing all
4:41
those companies then they're going to go out of business and
4:43
everybody's going to lose their jobs and their argument is
4:46
probably no only top useless Executives that don't actually
4:49
put in any of the labor are going to lose their jobs and
4:51
these are parasites. Anyway, it's just total Marxist
4:53
rhetoric. So, but just generally this
4:56
comments actually reminds me of my master.
5:00
Thisis, my Master's Degree was about problem Framing and
5:04
narrative framing. So, whenever you see somebody
5:06
try to frame a certain problem in a way, it's because there is
5:10
an implied solution. There is some kind of somebody
5:13
at fault and there's a causality link and all of this framing is
5:18
obviously created to set up for the solution.
5:23
And as we all know, the reason why Inflation happens is because
5:28
people print fucking money. I mean, I like to tell people
5:32
let's say that you're in you're in a economics 101 class and you
5:38
have a like 13 year old student or I don't know, 14 year old
5:41
student that raises his hand in class and says, you know, mr.
5:44
Professor. Why don't we just print more
5:47
money and you know, solve all these problems.
5:50
And the obvious answer that any economics professor would tell
5:53
you is, because if we do that, everything's going to become
5:55
more expensive, you can create wealth out of thin air, you
5:57
know, so that is the reason obviously why inflation exists.
6:02
So does it. So does it surprise you though?
6:05
Another troubling aspect, and I will pass this on to fill and
6:09
then you could add on top of it. Francis.
6:11
Does it surprise you that the president of the United States
6:18
is trying to because clearly the Mermaid is responsible for
6:22
inflation because they clearly printed too much money basic
6:25
supply and demand right. Does it surprise you that we're
6:29
at this stage at the Fiat end stage?
6:33
That this is where things are going.
6:36
I mean what's up? It's not surprising where things
6:38
are going. What's surprising is that I
6:42
don't know if it's surprising probably more disappointing is
6:45
that people are still falling for others to these stupid
6:48
narratives, right? At this?
6:50
At this stage. I mean, we've had 30 years of
6:55
progressive, narrative tax, the rich, redistribute the wealth,
7:01
these policies clearly have not worked.
7:02
And then you're looking at the, the, the, the money printing
7:06
numbers are not. And this isn't something secret,
7:09
right? So, Central Banking and monetary
7:11
policy used to be quite obscure. But when the US government is
7:16
printing trillions of money, that's in the news.
7:19
Everybody's sees that Government is printed trillions of dollars
7:23
last year and it's very, I would imagine it's very, very basic.
7:28
Common sense is just goes to show to the level the depth of
7:33
the level, the level of depth at which people have been fully
7:37
brainwash. I used to joke that it takes
7:39
like Decades of marxist brainwashing for someone to see
7:43
something. So simple as like we print more
7:46
money the rise, the price of everything goes up because more
7:50
money. He's chasing fewer Goods.
7:53
It takes a lot for people to to program themselves into
7:58
believing something very complicated.
8:01
So that's that's not exactly shocking.
8:04
It's a little disappointing. I mean, and I've had the same
8:07
reflection for stuff like covid and stuff like civil rights and
8:10
and where I believe that the power of the internet, the
8:17
access to information would wake the normies up, you know, I was
8:20
like Great, the internet is going to be that red pill and
8:23
then the problem was the lack of information.
8:28
The problem was the quality of information that wasn't being
8:31
delivered. Now that we have a platform.
8:33
And now that these things are pretty obvious like the wef
8:36
stuff. For example, it's not even.
8:39
It's recorded its transparent. It's not hidden.
8:41
It's not behind closed doors. They're fucking filming
8:43
themselves. Saying we will put the fucking
8:44
microchip in the pale and you will fucking eat it.
8:47
It is a basically biological sheep that it is in the tablet.
8:53
And once you take the tablet and dissolves into your stomach,
8:56
sends a signal, but you took the tablet.
8:59
So imagine the applications of that compliance.
9:03
The insurance companies to know that the medicines that patients
9:05
should take. They do take them.
9:08
It is fascinating, what happens in this field.
9:13
They say that publicly. So how we're supposed to fucking
9:17
interpret this, right? So the information is out there.
9:20
People are either shutout embracing their slave nature
9:26
like happily merrily or they're just cognitively incapable of
9:32
grasping these ideas. Perhaps because I underestimated
9:37
how you know, dumb people are maybe I don't know.
9:39
I had done the met. The masses are, I don't think
9:41
so. But I mean maybe or there's some
9:44
psychology at play where it's like, you know, the thing with
9:47
with money printing also it's like what is the average person?
9:50
To do about this problem. It's like for everybody knows
9:54
that you can't control money printing.
9:55
It's a bunch of Bankers that are doing, that that's like in the
9:58
in the Norman area is like it's a bunch of central Bankers that
10:00
are dictating this thing. I don't have any power over this
10:02
and they're right. Whereas, you know, like taxes
10:05
and stuff like that. You can Lobby your congressman
10:07
and like raise taxes and you can get your own group to get some
10:11
kind of special Advantage. So I guess people feel like
10:15
detach from monetary policy. So because they can't do
10:18
anything about monetary policy, they going to think You know,
10:21
maybe I'll just Advocate the tax the rich because that's
10:23
something that we know we can do.
10:26
That is a successful policy that has worked in the u.s.
10:29
Like if you complain long enough about rich people, the
10:32
government will take their money and give it to you.
10:34
But if you complain to the government is printing too much
10:36
money. Well and you know, all of these
10:39
marks is people there. I'll eyes of the government.
10:41
They're not going to criticize the government like they need
10:43
and want the government to print the money.
10:46
They don't care about inflation. They don't they only care about
10:49
Who gets the money first, you know, and these are it's like,
10:52
well, you know, inflation is is is not that bad.
10:55
They might think because the government will print the money
10:57
and we'll give it back to us. Say will compensate us for the
11:00
inflation more than perhaps the rich.
11:03
So, yeah, fucking marks is jumbled mumbo-jumbo.
11:05
That's that's what I think. Alright, so next comment, fill.
11:08
And then I'll pass it on to you and then to Francis whose we're
11:13
short on time. So the next comment is by Duncan
11:17
and he says, and this is referencing.
11:19
Put up a short on YouTube. Right?
11:22
And we said, listen, it's always a good time to buy Bitcoin.
11:26
Bitcoin is a good thing because Fiat currencies inflation, it's
11:30
gonna suck. And this was his response.
11:33
He says because crypto first of all where a Bitcoin Channel not
11:36
a crypto Channel but whatever because crypto is way more
11:39
stable than actual and then than actual money.
11:42
Oh wait, it's not then why the heck are we talking about it?
11:46
People complain about 5% inflation rates, but crypto.
11:49
Can crypto value can flux almost entirely due to demand
11:54
government money isn't perfect but it's better than the
11:56
alternative. Heck Society needs taxes to
12:00
function. How the heck do you think
12:02
government is going to tax crypto before you guys say
12:06
anything? It's not.
12:08
Okay. Anyways, Francis, Phil, I mean,
12:13
I'll go first because I'm sure that my answer is going to be a
12:15
lot shorter and like, definitely not as not as like in-depth as
12:19
This is okay. So look, there's just a lot of
12:23
things wrong with that statement, but the implication.
12:27
OK, the implication that if we live on a Bitcoin standard that
12:30
governments can't still exist and provide value to A system
12:35
that that that's a false notion. Because if there's an incentive
12:39
for a group of people to come together and create a viable
12:43
service, that not only that, not only provides that value to the
12:48
users of it. But to the people people who
12:50
enforce it and everybody agrees on it.
12:53
That's Commerce. That's perfectly fine.
12:55
There's nothing wrong with that. This idea that if the Bitcoin
12:58
world comes into play be, I'm sorry.
13:00
I'm not mentioning crypto. Okay, but this idea that if the
13:03
Bitcoin world comes into play, all of the gears of society
13:05
stopped working. This is completely insane.
13:08
Okay, the other the other little piece that I want to make is
13:10
that Bitcoin is an emerging technology.
13:13
It's 13 years old as of right now.
13:15
If we're looking at the numbers, if we have to drag numbers into
13:17
this, Bitcoin is averaging two. Hundred percent.
13:21
I guess you'd say growth annually.
13:23
Okay, over its lifespan. So what's happening is the story
13:27
of adoption. We are seeing Bitcoin swallow,
13:31
the world's value slowly but surely at this point but soon
13:34
it's going to be very quick. So don't get me wrong.
13:37
I understand that we are still living in a Fiat world so to
13:40
speak because the majority of people are not awake to the fact
13:44
that the value isn't being stored in our money.
13:46
That's the other piece that he's missing.
13:48
He seems to think that Quote, unquote, Bitcoin is unstable.
13:52
He's not paying attention to. The fact that he's lost over 99%
13:56
of his purchasing power. He's not paying attention to the
13:58
fact that while we're talking while I'm talking all of our
14:02
Fiat money is losing value. And the other piece that I
14:05
wanted to make is is that it's not the money printing is a huge
14:10
aspect. But also, unfortunately, there's
14:13
human beings involved and human beings need to have faith and
14:16
the money Printing and the faith I think do go.
14:19
In hand, so I think that both of these are essentially equaling.
14:23
What is the, what is the downfall?
14:25
But to my point again, Bitcoin is not as bad as the controlled,
14:29
centralized Fiat system and you need to do more research bud.
14:33
I agree. And this is why we cover these
14:35
Francis back to you, but I'm going to read the last part of
14:38
the comment it just to make it more spicy.
14:41
This Society needs taxes to function.
14:44
How the heck do you think government is going to tax
14:47
crypto? Well, I mean, that's kind of the
14:50
point, isn't it? But so the government can
14:56
definitely tax Bitcoin currently.
14:59
And they do. So by asking people to hand over
15:04
their fucking bank statements, and their exchange balance zones
15:07
and so on and so forth. It does make it significantly
15:10
harder. So as a Bitcoin, ER, you can
15:14
think of yourself as not being the low hanging fruits for the
15:16
tax, man. You're a higher hanging fruit.
15:18
It's not impossible to tax a big corner.
15:20
It just makes it more difficult. You cannot seize Bitcoin.
15:24
If you refuse, I that's that's a, that's a, that's a huge
15:27
component in. Very 22 government money.
15:31
If you don't pay your taxes and you have a bank account in the
15:34
country where it's supposed to be taxes, they'll eventually
15:36
just sees it. Whereas if you have Bitcoin, you
15:39
know, they might put you under arrest and ask you, you know,
15:42
yeah, we're you know, where's the money, where's the Bitcoins?
15:45
And then, there's all sorts of options that you have.
15:46
You know, if you want to contest your tax burden, for example,
15:49
you say, well, you know, at least your you can remain in
15:54
control of your funds if you're if you're a big one holder, but
15:59
Believe in what Phil said that there will always be some kind
16:03
of government. We just have to rethink what we
16:06
have in mind when we think about government.
16:08
I will be a government for fucking sure when I have my
16:11
compounds, My Condo Association essentially, my Citadel, we will
16:17
have some rules. Right there will be some rules
16:19
for you to join. There will be a constitution
16:21
that you will have to sign that will limit some of your
16:24
behaviors. And there will be a tax imposed.
16:29
So you can call it a condo fee. You can call it a membership fee
16:33
itself, some kind of tax and that will go towards paying for
16:38
the bunker, for the common bunker.
16:41
I will go towards the armed guards.
16:42
It will go towards the roads and the infrastructure and the
16:45
electricity the internet. Maybe the emergency Evac service
16:49
that we share, maybe some common Insurance.
16:52
We're just going to have these centralized competitive
16:53
governments. And if I my Citadel group is
16:58
unable. And I'm going to be working
17:00
fucking hard for your money. I mean, because I know that I
17:03
can do shit. If you don't pay me.
17:05
I mean, yeah, I can, you know, be like, I can force you to
17:07
leave which governments don't do normal governments, Don't force
17:10
you to leave when you pay your taxes before, see to stay huge
17:13
difference, you know, if you don't pay your taxes on my
17:16
property, you know, maybe there's gonna be some real,
17:20
there's going to be some, some arrangement.
17:21
I don't know. We're gonna, we're gonna come
17:22
together in some way. Some people will decide to live
17:24
off the grid, but there's just a simple fact that we need to have
17:28
cooperation. Operatives weather there and I
17:30
think we can call them businesses as well.
17:32
I mean governing businesses or resource management businesses
17:36
for a bunch of a bunch of people on a geographical location.
17:38
So I think that that's definitely the way and I think a
17:42
resource for people to read on this is the the book The
17:44
sovereign individual. It talks a lot about this
17:47
concept of not only the the sound censorship resistant
17:51
money, but the private Communications and 3D printed 3D
17:56
manufacturing, all that kind of stuff is going to make it a lot.
17:59
It's an increase the cost of violence on individuals and
18:02
Taxation is violence. So it's going to make it very, a
18:08
very competitive business. And then you're going to have
18:11
jurisdictions or little Splinter groups, like mice Isabel that
18:15
are doing Arbitrage with each other's.
18:17
If we see that someone else is Citadel is taxing people and
18:22
offering a shit deal. Well, from our point of view,
18:25
these are clients waiting to be picked up and we're going to,
18:28
you know, Reduce our rates and increase their services and
18:31
regarding the volatility. I mean, the guy is not exactly
18:34
wrong, you know, about the price volatility, when Bitcoin goes
18:39
from, like, 60k 30k by post or a value, big deal. 50% obviously,
18:43
you know, if you look at the chart from not, everybody got
18:47
out in early. So some people are currently
18:49
suffering and in their current frame of mine.
18:51
I totally get it. When I got into Bitcoin.
18:54
It was like, halfway through 2013, something like that.
18:57
And then I kind of like, Roll that first wave up really
19:00
quickly. I get into Bitcoin and then it's
19:02
fucking goes up from 100 to 1000.
19:04
I think I'm a fucking genius. And then I have a year and a
19:06
half of Bitcoin slowly going from 1000 100 down to like 200
19:10
bucks. So I dropped like 85% over to a
19:13
year. So it doesn't seem like a really
19:14
good store of value. But I look back on that period
19:17
of my life now. So not to be too cliche, but
19:20
just lower your time preference. That's it.
19:23
And we don't there's a lot of things that we don't see
19:26
inflation being like 15, 20. Inflation is starting to get in
19:31
the same levels as Bitcoin crashes.
19:33
That's interesting. Right?
19:34
So back in the day, inflation is like to 3% and Bitcoin crashes,
19:38
like 35, 40 percent now. Inflation is like 15, 20 %
19:42
Bitcoin crashes. 30%, We're getting into similar levels
19:45
here. But the thing is inflation only
19:47
goes away, right? Whereas Bitcoins goes down.
19:50
Goes back up. It goes down.
19:51
It goes inflation. Just goes up.
19:53
When's the last time you saw inflation?
19:54
Go down. I mean maybe historically a
19:56
little bit but, you know, not significantly.
19:58
I mean, It is the rate of inflation has decreased.
20:00
But you know, everything is fucking ignore expensive.
20:03
Generally. Absolutely.
20:05
Amen. Brother.
20:06
Could not have said it better myself.
20:08
Money. A Bitcoin gives you the power to
20:11
not only vote with your wallet, but also your free and that is
20:15
going to change the relationships between
20:18
governments and its citizens. But anyways, Phil it's time for
20:22
the daily fail brought to you by Swan.
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All right. So this fail is going to be a
20:52
little unconventional. I believe that I covered this
20:55
may be over a year ago, but not so extensively.
20:59
Now what I'm referring to is, sometimes we get people popping
21:02
into the chat that that mentioned this ISO 222 standard.
21:11
Okay. So every once in a while, we'll
21:12
see like in the YouTube video, somebody will pop in and go you
21:15
guys know about ISO 20000 22 and do you know that it makes
21:19
Bitcoin Obsolete. And oftentimes?
21:22
I have no idea what they're talking about, you know, and and
21:24
usually, they're just trolling with it and they'll pop in a
21:27
couple of comments and then the leaf.
21:29
About that. Now.
21:30
I don't know how many people have actually heard about this,
21:33
but I did some digging into this and there's obviously obviously
21:37
there's a few shit coins that you know, have have adopted this
21:43
standard. So, of course, you know, they
21:45
won't be obsolete, but everything else will be obsolete
21:48
except for these very special shit coins.
21:50
Anyways, let's dive into what ISO 200 22 is.
21:56
Now it's really great that we have Francis here because
21:58
Francis It's okay. Francis is the founder of bull
22:01
Bitcoin and understands a lot more about finances and
22:05
economics then Nico where I do, so it's going to be very
22:09
interesting to get his take on because I could be wrong, right?
22:12
Maybe this makes everything Obsolete and I'm totally full of
22:15
shit and Francis can, you know, at least he I can get a, an
22:18
objective third party that's going to invalidate me.
22:20
So here we go. Okay, let's do this.
22:24
Let's dive into it. So ISO standards.
22:27
The ISO standards are We agreed by experts first.
22:31
I just wanted to give everybody a little bit of an explanation
22:33
of the ISO standards. Before we take a look at this
22:35
very specific ISO. Standard think of them as a
22:39
formula that describes the best way of doing something.
22:42
It could be about making a product managing a process,
22:45
delivering a service, or supplying materials standards.
22:47
Cover a huge range of activities.
22:49
Absolutely standards are the distilled wisdom of people with
22:52
expertise in their subject matter and who know the needs of
22:57
the organization's. They represent the people Apple
22:59
such as manufacturers sellers buyers, customers trade,
23:01
associations, users or Regulators.
23:04
Okay. There we go.
23:06
Regulators got that word in there.
23:08
Okay. So let's go take a look at ISO
23:13
20022. A single standardization
23:18
approach, mythal, methodology process repository to be used by
23:24
all Financial standards initiatives.
23:29
Interesting. So, I so 2000. 22 is a
23:32
multi-part international standard prepared by ISO
23:34
technical committee, TC 68, Financial Services.
23:38
It describes a common platform. Hold on.
23:40
Let me just make this a little bigger.
23:42
It describes a common platform for the development of messages.
23:44
Using a modeling methodology to capture in syntax, independent
23:49
way Financial business areas business transactions, and
23:52
Associated message flows, a central dictionary of business
23:58
items. Used in financial
24:00
Communications, a set of XML and as1.
24:05
Design rules to convert the message models into XML.
24:09
Now, for the people who have never dealt with this.
24:11
This is just it's a programming language.
24:13
The high-level programming language.
24:14
That's all it is. It gets used a lot on the
24:17
internet. It also gets used a lot in
24:18
databases. Okay, so but we're not really
24:20
going to get into the thick of that.
24:21
But what we are going to do is we're going to take a look at a
24:25
video that explains this in easier terms.
24:28
Okay, so that everyone can have an idea.
24:30
What this means when people communicate they often get
24:34
confused and end up misunderstandings.
24:35
Standing each other, take the word football, for instance.
24:38
It might mean one thing to an American and something entirely
24:41
different to a Brit. Well, it's no different in the
24:44
business world where the stakes are way higher here.
24:47
A simple misunderstanding can lead to disastrous consequences.
24:51
So how do you improve communication?
24:53
Make sense of different meanings standards and formats and get
24:57
everyone in the financial sector.
24:58
On the same page. Easy by using ISO, 20022 the
25:03
international standard that's designed to Simplify Global
25:06
business communication. You see, ISO 20022 solves
25:10
communication, confusion, how well it offers a global
25:14
dictionary of common language that everyone can understand.
25:17
So information can be processed and exchanged worldwide, clearly
25:21
and consistently making it easier than ever to communicate
25:24
financial information between people and systems.
25:28
What's more ISO? 20022 is a free and open
25:31
standard, which means that anyone anywhere can add thereto.
25:35
Sense to the dictionary to help write and build solid business
25:39
standards right across the globe.
25:41
Not only does ISO 20022 streamline communication for
25:45
payments Securities funds, foreign exchange trading and
25:48
credit card sectors. It also reduces risk big-time
25:53
ISO 20022 because common understanding leads to effective
25:57
communication and makes doing business a whole lot easier to
26:02
learn more about ISO 20022, okay.
26:05
There was our little video helps, everybody understand.
26:08
Now what we're talking about here, right?
26:10
This is good stuff. So remember, what they were
26:12
talking about, free and open right free and open solutions
26:17
for everyone. All right, so I went in got
26:19
their PowerPoint presentation. Okay, about how this works.
26:22
So, in ISO, 200, 22, there's actors.
26:27
Some of these actors are groups called the registration
26:29
Management Group and they approve business.
26:32
Justifications for new message standards, and they approve.
26:35
New member entities, they create standard evaluation groups.
26:39
And then that's a whole other entity standard evaluation
26:41
groups. They represent the users in
26:43
specific Financial areas and they validate new candidate
26:46
messages. Change request.
26:48
That doesn't really sound necessarily free and open.
26:50
It sounds like a central entity. Anyways, moving on, moving on.
26:55
So here we go. This is where the shit coiners.
26:59
They like, xrp start to think that that they're going to start
27:02
to that. They're going to start to get a
27:03
foothold on the world, right? Because they always talk about
27:05
how How swift is going to use our technology?
27:07
We're 2000 22, you know, we're 2000. 22 qualified.
27:13
So here we go. Let's dive into it over the next
27:15
few years. The US Federal Reserve and the
27:16
Clearinghouse the eurosystem, Andy be a clearing and the bank
27:21
of England's, real-time gross settlement service will all
27:24
modernize their high value payment systems with ISO,
27:28
migration, bringing new data components, and the possibility
27:31
to transfer far richer information.
27:34
In the payment chain. This not only promises greater
27:37
interoperability between various settlement networks, but should
27:40
mean simplified Global business Communications higher levels of
27:44
straight through processing more efficient compliance processes
27:47
for some Market. Participants.
27:49
This could be used as an opportunity to reassess existing
27:52
business models. Now, the whole time you're
27:54
wondering, like Phil, what does this have to fucking do with
27:56
Bitcoin? What does this have to do with
27:58
what we're talking about? Says nothing to do with it, but
28:01
shit coiners are using this as an angle to try to get you to To
28:05
buy their bags. Now.
28:08
Let's go. Take a look at some certified
28:11
right? Here we go.
28:13
This is the crypto list of the ones that are in compliance
28:16
compliance with 200 22. We've got Ripple Stellar lumens,
28:21
which is essentially the same company and take a look at this.
28:25
The remember of the ISO 20022 standards body.
28:29
Both of them are and yet that's where all the shells come from,
28:32
from the xrp land, but you also have iota Eight the tangle where
28:37
you have a whole bunch of nothing that transactions could
28:40
be there. They could not be there, who
28:42
knows? And then we've got Al Gore and
28:44
and of course our favorite garnered a no right to quote,
28:48
the quote yellow. So look guys.
28:52
This ISO standard in no way shape or form means that your
28:55
shit coin is going to become anything else than what it is.
29:00
The coin itself does not provide the functionality that they are
29:06
proposing. Okay.
29:07
This is a standards for language.
29:10
This is a standard for money changers that they're going to
29:12
use to communicate. Why would this make your shit
29:15
coin valuable? Why would this be money?
29:19
Why would your shit coin that isn't used in any way to
29:21
facilitate this technology become widely accepted because
29:25
they embraced a set of rules. If the banks were to use your
29:29
shit clean technology that that wouldn't make your token any
29:33
more valuable because the token itself is not used to provide
29:36
the service or function. Okay, they're using the rails.
29:41
That's all it is. It's a technology.
29:44
Okay, they're not using the tokens.
29:46
The problem. Also, the other And that I have
29:49
to debunk. This is, is that this global
29:52
standard in no way shape or form solves the problem of censorship
29:56
or system exclusion or the central point of failure.
30:00
So this is purified from shit coiners, who need you to buy
30:04
into the idea that their shit coin has a use case.
30:07
It's the partnership parade. Look, I'm important.
30:09
These are my friends. This is all Hocus Pocus.
30:13
Anyways. Francis your thoughts on this.
30:18
So my first thought on this was one of my first jobs, I worked
30:21
for a telemarketing company, that was kind of a scam you
30:24
company. And when I joined, they had like
30:28
ISO certified everywhere. And then the first thing that
30:31
they made us go through was the ISO certification training and
30:35
just to make sure that we are very legit.
30:38
I mean, I know that everything that we do looks fucking sketchy
30:41
but we managed to get a certification.
30:43
So if people are saying like hey, I'm certified him.
30:45
Certified and certified by some group of experts, you know, I'm
30:49
immediately thinking like why do they feel or trave the need to
30:54
have some kind of certification is because they have a fucking
30:57
image problem and they have a brand and reputation problem.
31:00
That's for sure. So what they essentially did is
31:03
Imagine like the Postal Service. They came up with like a
31:06
template for stamps and addresses and they're like, well
31:09
in some countries, there's like apartment on the second line and
31:12
apartment doesn't mean the same in the UK.
31:14
It's a flat in the UK, so you're good.
31:15
Confuse. So let's come up with this
31:17
fucking so all our male can have like a standardized, you know, a
31:20
little you know address or stabbed or whatever.
31:24
It's like pool big fucking deal. You know, that is the lamest
31:27
stupidest innovation. And you know, when they show the
31:32
video they're like showing oh, there's like all this messaging
31:35
communication and business problems.
31:37
And we're all in different standards and it's like first,
31:40
first of all, do you not realize also that in that video they're
31:43
making the case against all coins.
31:44
They're like imagine, you know, like we should have like one
31:48
protocol for all values so that we don't have to switch back and
31:52
forth. But in between all these
31:53
different incompatible protocols, we should just adopt
31:56
the superior one, but the thing is they're like we have decided,
32:00
ours is a superior. You're one and they're like, no,
32:03
you can't go with you organic with the Grassroots standard
32:08
that has been adopted by 50 million people in the world
32:11
successfully for 12 years without a single payment
32:15
failure. You can't do that because we
32:17
have a group of experts where's your group of experts, you know,
32:21
but so they're making the case against all coins in that video
32:24
there making the case for Bitcoin in that video.
32:26
They're effectively making the case against themselves against
32:29
traditional Fiat payments and that Co, and if you look at just
32:32
like, who is, and you can see who wants to be certified.
32:37
It's like those shit coins. Like these are the worst shit
32:39
coins. Like some of the worst joke, I
32:40
don't think about Shake coins, too much, but I know I yelled as
32:43
a fucking shit one. I know cardano's probably the
32:46
worse. You know, what the fuck is this
32:49
shit corner? Is it as just a straight-up
32:51
criminal Enterprise? I don't know, but only ripples
32:54
knows. Yeah, and ripple is a king, the
32:57
king of all shh coins. I don't know if it's a theorem
33:00
or like corner. Whenever a ripple that anyway,
33:02
they're all over there. But Ripple is happening with the
33:04
king of the ship coin. So that is the most
33:05
inconsequential stupid argument. And the thing with shit Corners
33:09
is that that reminds me also have bsv.
33:11
It's like, did you know that Craig Wright has a path and here
33:14
and there and there and there's like that's like a conman
33:16
mentality is like but wait, I have an ace up my sleeve and we
33:19
will reveal it at the end of her trick.
33:21
You know, it's like well if your standard ISO thing meant
33:25
anything and would make Bitcoin obsolete, why is the core not
33:28
obsolete? Now, we already have a bunch of
33:30
shit coins that are using your standard.
33:31
Under why we obsolete yet. Makes no sense obviously, but it
33:35
just goes to show that they will use.
33:37
And the thing is that it is also very complicated for the
33:41
average, person to wrap their heads around and International
33:43
Financial standard. It sounds like it's a fancy
33:46
thing, right? So you're like ISO 20022 and
33:50
then sum Norm. He's going to look at that as
33:51
like, oh, that looks official, you know, and if they're not,
33:54
they're going to see that, it's just it's just nothing.
33:57
It has no value and ISO is a private Enterprise that, you
34:00
know, basically you pay to certify yourself.
34:03
So Killing machine. Basically, it's like a, it's
34:05
like a credit. It's like a ratings agency, kind
34:07
of, but it's like a rating is Agency for like you being legit,
34:12
but they legitimize obviously a list of scams so that just
34:16
disqualifies. You know, what, you just did,
34:18
you actually just qualified? I so for everything in the world
34:21
right now because they just delegitimize themselves.
34:23
I'd even know about this standard but looking at the shit
34:25
coins on that list, if somehow they managed to certify those
34:29
chick coins, they're just completely made them, selfie
34:31
irrelevant and untrusted untrustable and anything.
34:33
I wouldn't trade them for Telecom.
34:35
I wouldn't trust them for energy or anything else.
34:36
Are you working on right now? Exactly man.
34:38
It's like it's like the the Wall Street Credit Agencies where you
34:43
know, they rated bear Stearns before they collapse like super
34:47
high rating. It's all bought and paid for and
34:50
just one last comment like compliant.
34:53
Something compliant like yeah, like, that is the intent.
34:58
That is the exact opposite of what Bitcoin represents, right?
35:02
And that's the only way. Reason that they do that is
35:04
because that's the only way the shit coins survive.
35:07
They have to get in bed with the state.
35:09
They have to get in bed with the government and then use the
35:12
power of government to try to, you know, snuff out their
35:16
opposition through regulation, which is exactly what's already
35:20
happening. Basically, with the xrp guy
35:24
paying five million dollars to launch a social media attack
35:27
against Bitcoin. He wants government to say
35:30
Bitcoin is not environmentally friendly to do to do What to
35:34
pump his shit coin to pump xrp. So so yeah, man compliant, ha
35:38
ha. But anyway, so, it's cool.
35:40
Go ahead. All right, the query quickly,
35:42
all the shit coins marketing is based on some things bad with
35:45
Bitcoin by my shit coin. And there's a few list of Fu D
35:49
that they have, you know, there's like five or six or
35:51
seven, there's the environment. There's it's not regulated.
35:54
And then each shit coin is a specializing in one of the
35:58
arguments targeting a specific segment.
36:00
And this one is like the financial Bureaucrat Normie
36:05
people that are like, well, I don't want to get into it.
36:09
Is it even regulated is hitting it?
36:11
Is it illegal? They said even compliant and
36:13
like, ah, actually it's not the corn is not compliant and I have
36:17
a compliance check on me like oh that's interesting.
36:18
You know, so the exact don't that what they do.
36:20
They look at the difference Bud attacks.
36:23
That people feelings words Bitcoin and they will targets
36:26
people and they will actually designed their shit coins from
36:29
the beginning based on something that they can flood Bitcoin. 94
36:35
and attract clients, you know, for to them their bags on
36:38
exactly it. They'll do use the peer reviewed
36:43
and the fact that Bitcoin is not peer reviewed as, you know, as
36:48
an attack Vector, but honey badger doesn't care anyway.
36:51
Spill, it's time for the daily meme review brought to you by
36:56
Citadel 21. They make the best Bitcoin cult
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By actual bitcoiners peer pleb signal here.
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All right, everybody, Welcome to the Bitcoin meme review.
37:27
The Daily meme review, where we review Bitcoin memes memes play
37:31
of essential role in this. This narrative trench warfare
37:35
that we're fighting everyday in the Battlegrounds of Twitter and
37:38
the internet. Anyways, it's check out the this
37:41
first meme by Solomon Ultra. My hash is better than yours.
37:45
What do you mean by Ash? What I mean by that?
37:50
All right, very good. Very good.
37:51
Moving On by the legendary Rd underscore.
37:54
BDC, Christine Lagarde waiting for inflation to come back.
37:58
She is such a freakin liar. Okay.
38:01
Moving On by conspiracy. But your money is fake your food
38:05
and water, being poisoned. All these wars are based on
38:08
lies. Your country is run by a bunch
38:10
of pedophiles and you're too distracted by bullshit to do
38:13
anything about it. Mmm.
38:14
This is a, this is a good one. Francis.
38:16
What do you feel about this mean?
38:17
This is struck a chord. I love this meme.
38:20
I love this name. This is kind of like, what we
38:21
were talking about at the beginning of the episodes
38:24
normies. How to reconcile, the idea of
38:27
people literally having access to this information.
38:30
The money is fake. That information is not only on
38:33
the internet. Jeanette people know by now
38:35
because they can see that their money is losing value and that
38:38
they can see that when they go to the ATM.
38:40
They can't withdraw as much as they want food and water are
38:43
being poisoned. This is a bit harder for, I
38:48
think this is a little bit harder for normies to wrap their
38:50
heads around this. This is not as obvious as the
38:54
money being fake, I believe because the conditioning that
38:57
we've had for the food is like something that we get when we're
39:01
born and we internalize it. So much.
39:04
It's kind of like part of our body part of her habit.
39:06
I mean the money too, but I guess that the inflation.
39:12
Relationship with money, printing is probably more
39:15
obvious and more direct and quick than nutrition and health
39:19
that takes like, 20, 30, 40 years.
39:22
Whereas we see like the government prints 5 trillion and
39:25
then the year after, you know, everything cost, 20% more.
39:28
Yeah. All these wars are based on this
39:30
is a great Meme and this is just, you know, Jerry here
39:34
reminds me of just the perfect looking NPC, you know, he's, he
39:37
will, he owns nothing and he's, he's happy and I'm not sure.
39:42
He's even distracted by bullshit.
39:45
I think he's just happy not to have to, you know, have an
39:49
existential crisis because again, I'm sure Jerry can't do
39:53
shit about changing his life, you know, and it's also because
39:57
doing something about all of these problems, right?
39:59
Money's fake food is fake your countries, taking money and
40:03
going to work. That's something that's really
40:06
hard to tackle. Did it just cut.
40:08
Yeah. There we go.
40:11
A plantain. We do this team gets a plantain
40:13
rating. This is, this is good.
40:20
That's good. Because when things are good,
40:22
when things are good sorts of cards.
40:23
Good musician, playing. All right, that's a good score.
40:26
All right, we're not even done with the meme review.
40:28
We already got a plantain. Give it.
40:30
All right. Next one is by Satoshi hottel
40:33
blockchain. Time chain.
40:35
Laoda, chained? By the way.
40:36
Shout out to Ray, he passed away today.
40:40
So well-heeled for Her live on in the memes.
40:43
Anyway, next 1 by Rd them. You can't just huddle through
40:46
another bear Market bitcoiners. Patience is necessary to reach
40:50
ones goal. Absolutely true.
40:52
This is what Francis was talking about earlier The Fast and
40:55
Furious. Tokyo grift.
40:57
I had this Wolf of Wall Street's, it's Paul.
41:00
What's his name? Real Paul McGrath centered
41:04
around Quan. And the last one is a piece of
41:07
art. The world's not that bad.
41:09
It's your government. That sucks.
41:10
Very powerful memes for It is already gave it a plantain.
41:13
That's that's all right, that a real plantain.
41:16
So that's that's already good score.
41:18
I'm gonna give it BTC pens. Already still in the package, a
41:22
honey badger pin that you could wear and this is what what's
41:27
lock was explaining to us. This is an isthmus meaning.
41:30
If you're a Bitcoin you understand what this symbol
41:33
means, but if you're not in Bitcoin, just looks like a honey
41:36
badger. Anyways, Phil it's good.
41:39
That you reminded all of us about that because I totally I
41:41
forgot that. I totally forgot that.
41:43
That's what it was called. Okay.
41:44
Anyways, I am giving it this amazing really helpful Loom
41:49
cube. That's right.
41:50
It's I needed for extra lighting sometimes Loom cube, Moon Cube.
41:56
Very, very, very good scores. Anyways, guys, we want to know
41:59
if your grew their scores, you disagree.
42:00
Let us know down in the comment section.
42:02
Comment, comment, comment, comment, help us because it did
42:05
mysterious YouTube algorithm. It likes the comments.
42:08
And anyways, make sure to subscribe to us on the were, uh,
42:10
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42:13
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42:16
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42:18
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42:22
It's a party, join it and you can link us some awesome memes
42:26
to review with other plebs. It's really cool.
42:28
But anyways Phil it's time for the Daily News brought to you by
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43:01
All right everybody. So another country made Bitcoin
43:06
legal tender. We're really we're at 2.
43:09
We have El Salvador. We have the central African
43:12
Republic. And we also have Panama right
43:14
but it's not official legal tender, my opinion.
43:17
It's better that way because the pennant Panamanian government
43:21
doesn't force people to use Bitcoin.
43:23
It's all voluntary, right? So we got three countries so
43:27
far. And of course, for some reason,
43:30
the IMF, this is, this is Bloomberg, right?
43:34
One of one of the most well-respected Legacy, you know,
43:38
traditional Finance outlets, right?
43:40
And for some reason, every time Time a country makes Bitcoin
43:44
legal tender. Some reason, the imf's opinion
43:49
really matters. What a sovereign country is
43:51
doing. Anyways, they could adoption by
43:53
Central African Republic a concern.
43:55
IMF says, we reported this came out, this came out May 4th, the
43:58
Central African Republic's adoption of Bitcoin is legal
44:01
tender presents, a series of challenges for the country in
44:03
the region that international monetary fund said the adoption
44:07
of Bitcoin is legal tender and the Central African Republic
44:09
raises more legal. Antsy and economic policy
44:13
challenges. They always say those really big
44:16
words, but they never explain it.
44:19
I am have staff are assisting, the regional and South Africa.
44:22
Central African Republic authorities in addressing the
44:25
concerns posed by the new law. So check this out.
44:28
Okay, because this is a lot more ridiculous than you think a
44:32
sovereign country make passes a law and Bitcoin becomes legal
44:37
tender in that country and the IMF is saying that it's working.
44:41
With authorities to do, what? Exactly?
44:44
Anyways, it's not only the IMF, the central, the the World Bank
44:49
has a problem with the Central African Republic decision.
44:52
This came out recently, May 25th.
44:54
The World Bank is also concerned about a plan by the Central,
44:57
African Republic, to set up a crypto hug Hub after became the
45:01
world's second country to adopt Bitcoin, citing lack of
45:04
transparency. And the effect, the move may
45:08
have on financial inclusion. Remember, What we were talking
45:12
about Biden and him gaslighting you, this is the fucking
45:15
definition of gas lighting Bitcoin.
45:21
The problem Bitcoin is lack of transparency, and lack of
45:25
financial inclusion. Ha ha ha there she could, so
45:30
they say, Fiat is more inclusive, and Fiat is more
45:34
transparent. Anyways, the present the bank of
45:38
Central African states, which sets monetary policy, 46
45:41
countries. In the region said, it wasn't
45:43
aware and push back against the plan.
45:45
Again. Another is apparently the
45:48
central bank. Should have a say on what a
45:52
country is laws should be in. Should not be the last part
45:57
before I get your guys is thoughts to quote the World
46:00
Bank. It is important that the
46:02
revelant the the relevant Regional institutions such as
46:06
the central bank and the banking authorities are fully consulted
46:10
and remained in the driver's seat.
46:15
You know, there's something that we always talked about on this
46:17
show about how Bitcoin shines the light of Truth on
46:21
everything. And here it is one of Bitcoins
46:25
least known unintended features, or maybe it was intended doing
46:30
its thing, revealing the scheme. Maybe it's not really these
46:34
countries calling their own shots because it looks like to
46:37
me based on their wording on those very legitimate
46:42
Publications. Also, Oh, known as Bloomberg.
46:46
They apparently have a very big problem about what the Central
46:50
African Republic is doing with their currency.
46:54
And with the World Bank. Exactly to quote, the article.
46:58
They want to be consulted every time, the Central African
47:01
Republic wants to pass a law. Holy shit.
47:05
Are these some people fucking crazy?
47:07
Those are my thoughts. Francis your blood boiling as
47:11
much as mine. So, the IMF As its own shit
47:14
coin. I don't know if you guys knew
47:16
that if I was to say, what is the biggest competitor or the
47:21
biggest Market that Bitcoin has to gain?
47:24
It is international settlement, right?
47:28
Large International transfers between petroleum companies
47:32
governments, and all that International Reserve asset, and
47:36
the IMF has a shit coin that does.
47:38
Just this called the SDR, the special drawing rights, so, when
47:42
a country wants money, The from the IMF, which will loan it to
47:46
them and the special drawing rights.
47:48
Just so people are aware. It's kind of like a stable coin
47:51
and algorithmic stable coin. That's composed of fiat
47:53
currency. So it's like the worst a Fiat.
47:57
Basically. It's like think of all the worst
47:58
things about Fiat is like, well, just take a bunch of Fiats,
48:01
stick them in another Fiat, and then that Fiat is controlled by
48:04
an international government and that we will, we will loan you
48:08
are shit. Coin, Fiat that competes with,
48:10
you know, our member states as currencies and with Bitcoin and
48:14
in Change. You have to basically do
48:16
whatever the fuck we say. That is exactly what the SDR is.
48:20
So the IMF is just protecting its markets, right?
48:24
Because a preys on vulnerable countries, like shit coiners,
48:28
prey on vulnerable desperate, people that need the money, you
48:31
can make 10x. You can get this free as the,
48:33
our money, which you will be able to spend at a Central Bank
48:37
near you. So they're just a Salesman, you
48:41
know, selling their own, their own alternative to that.
48:44
That I think there's three things that governments can do
48:47
like three good policies is just in general, just only three.
48:51
There's one of them is Bitcoin legal tender.
48:54
The other one is remove all KY C ML and disband all KY C.
48:58
Ml enforcing agencies without this, the, you know, legal
49:02
tender thing. As me, you know, it's, it's,
49:05
it's lacking a little punch and I can think I can remember.
49:09
Oh, yeah, and then prevent Banks from shutting down the It's of
49:14
Bitcoin companies because that is the biggest hurdle to
49:17
becoming a successful Bitcoin entrepreneur and most of the
49:21
Bitcoin intrapreneurs and that is why the thing with this and I
49:24
like I do like what the president did which is not as
49:30
the permission of the Central Bank.
49:32
Does. He understand that the Central
49:33
Bank of his own country is his enemy and why would you tell
49:37
your plan to the enemy in advance?
49:39
So I don't know who this guy is. I want to learn more about him.
49:43
I didn't know that he Until the central bank, I think that's
49:45
fucking bad-ass. I think it was so hard.
49:47
So to be specific. It's because the, the Central
49:51
African Republic, they don't control, they don't have their
49:54
own Central Bank. It's a central bank that
49:57
contains six African nations, right?
49:59
But even it's even worse, it's even worse because they don't
50:03
get to control their monetary policy.
50:06
It belongs to someone else. So it's even more insane and
50:10
then they still want the ass fucking permission row.
50:14
Dirty red, because of how crazy that sounds, you nailed it with
50:17
the gas lighting, right? So it's like, okay, so not I
50:20
didn't know that they were part of the the African Frank.
50:22
So how on, who the fuck knows how that currency is even
50:27
manage. And I believe I've been reading
50:29
some of Alex flat scenes stuff about this specific topic which
50:33
I didn't know much about. It's all management France,
50:35
Anyway, by probably like them French bureaucrats.
50:37
So you're like some you're like a Central African or me.
50:40
What's easier to understand like the Bitcoin white paper and A
50:44
bunch of articles that you're going to find online that are
50:46
written by. I don't know.
50:47
Gigi and all these kinds of guys or like the workings of an
50:53
international Central banking system.
50:55
Like obviously Bitcoin is much more transparent and financial
50:58
inclusion. Yeah, because it's worked.
50:59
Great in Africa. So far.
51:02
Terry inclusive, right? Okay.
51:04
Hi. It's insulting.
51:06
Right like this people like the humerus and it's hard to tell if
51:10
they believe their bullshit because they're so isolated from
51:13
the average person or they're just nefarious.
51:16
I think I think they actually starting to swallow their own
51:18
shit at this point because it's so obscene to say, I mean, I
51:22
don't have enough empathy. To imagine what it's like to say
51:25
that kind of shit with a straight face, but I don't know
51:28
Frances, honestly, we've been going back and forth on Whether
51:32
their nefarious, or whether they're just sniffing their own
51:36
farts, we have absolutely no idea Phil before I get your
51:40
thoughts. Let me play this video.
51:42
Speaking of hubris. The rest is graph about the
51:46
balance sheet of the European Central Bank.
51:49
And the money that is on there now.
51:51
And here it is, what I would like to show our viewers.
51:54
And ask the question about this. This is going over eight
51:58
trillion Euros. No, and isn't what you just Just
52:02
told us about the cryptocurrencies.
52:05
Don't we see a gigantic bubble here on your balance, sheet with
52:09
the Euro, and, isn't this graph very nerve-racking.
52:14
Well, I can tell you that there is zero crypto Assets in the
52:17
balance sheet of the ECB that I know.
52:19
Point number one. Well, I just don't want any
52:21
ambiguity about it. Yeah, but you have to think in
52:25
terms of counterfactual, if we had not decided on March 18th,
52:29
when we put together the pandemic emergency program.
52:32
And then subsequently increase the volume of commitment that we
52:35
made to the European Union. Economies.
52:38
We would be in a devastated situation.
52:41
So I don't regret any of that move that we took on that day,
52:46
which was four months into my job, to significantly increase
52:51
the size of the balance sheet because that's all we had.
52:53
Otherwise, the economy would have collapsed and it would have
52:55
been even accelerated by financial crisis, to do it
52:59
whatsoever. Food crisis.
53:00
You say, definitely needed to do, but But how do you get it?
53:03
It will come, it will. Come in due course.
53:19
Of course, I have to sleep at night.
53:22
I have to worry. I was wondering, do you only
53:27
cryptos yourself? No, I don't because I want to
53:33
practice what I preach and then I know how it works.
53:37
And I have, I actually have a son who invested in cryptos.
53:41
Yes. So I follow very carefully.
53:45
What have you taken away from that?
53:47
That I would not put my finger in there and he didn't listen to
53:51
your advisor. Can develop.
53:52
No. No, it's a free man, he is.
53:55
Yeah. Did you lose a lot?
53:57
You wouldn't tell me. Oh God, those great video how
54:09
the facial expressions and machete out, by the way,
54:12
shout-out to the host. Shout out to who was asking
54:14
questions. You're a brave man.
54:17
You'll probably be dead in a couple weeks and, you know,
54:20
suicided yourself, but how you gonna bring it down?
54:28
It's gonna go down. France is what are your thoughts
54:32
on this? And then we'll pass it on to
54:34
fill. Fill your wrap it up.
54:35
So body language. I mean, it's very obvious when
54:38
she's when he asks, how is it going to go down?
54:41
It is going to go down there, going to fucking tanked, the
54:43
economy. It's controlled demolition.
54:46
They're waiting for the right moment to crash the bubble back
54:50
and fuck everybody over. So that's why she has that
54:53
facial expression. It's like because she's in a
54:55
corner. It's like, how do you make it?
54:56
Go? How do you make the bubble?
54:58
Go down? And the answer is you don't you
55:02
pop it but you pop it strategically when we're ready.
55:07
For us, the building is crumbling and they're just kind
55:12
of like chopping at little bit so that when they blow it up, it
55:14
falls in the right direction. Like, that's exactly what's
55:17
going to happen. You can also notice in the
55:19
beginning. She has a very subtle passing on
55:22
the responsibility moment where she's like four months into my
55:25
job. There's also something where she
55:28
starts, she starts by answering the question, which is, which is
55:31
the speech that they've prepared when the plebs are out of their
55:34
Castle, outside their castle with the pitchforks and the
55:37
scaffolds trying to hang them. Say, well, if we hadn't done
55:42
that, you would have been in an even worse position.
55:44
So we did it for your own good. That's the only defense that
55:48
they have against the masses of people.
55:50
That's exactly what they did as a narrative with the log down.
55:54
You'll notice there's a lot of similarity between those two
55:56
crowds. In terms of narrative, like if
55:58
we had a lock you down and force you to take a fucking jab, then
56:01
we would have three million more deaths or, you know, all these
56:05
bad things would have would have happened.
56:07
So we did it for your own, good out of love.
56:10
And the last bit at the end is so fucking cringe, like I wonder
56:15
if it's the same kind of shift might be strategically hedging
56:20
his bet with his son and just like the fact that if your son
56:24
is not listening to your advice. Why should I Hi, don't you
56:28
realize like how, how disconnected can like a mother
56:33
leader be just like my children don't listen to me, but you
56:36
should like, no, like, you know, be my mom.
56:40
And I, you know, and the last thing at the end there that
56:43
about her son. I can try notice something.
56:46
The video is Amazing. By the way, Christine Lagarde,
56:48
is is a horrible human being, and it's just so nice to see her
56:51
squirm, but I can't remember there's something at the end
56:54
there, but I noticed We're here. We're she says, I want to
57:00
practice what I preach or how. Yeah, exactly.
57:06
I thought that's a very interesting answer because you
57:09
own any crypto know why? Because I think it's a bad
57:12
investment. I think it's going to go to
57:13
zero. It's like know the reason that
57:15
she says is I don't own crypto because I'm publicly advocating
57:19
against cryptos. It would be hypocritical.
57:21
So that is the essence of her argument, not because of the
57:24
reasons why you say crypto is bad.
57:27
To be fair props to her for if she's if she is honest, which
57:35
she's not but if she were honest and if she does decide to go
57:39
down with the Fiat ship and never ever get into Bitcoin and
57:43
n on the streets begging for money for her.
57:46
Well, she won't because her son has Bitcoin.
57:48
And presumably the sun will take care of her.
57:49
But if she didn't have a son that own Bitcoin, I would expect
57:53
those Central Bankers to follow the same route, which is to go
57:55
down with the ship. And drown, so Props to them, if
57:59
they do, but we all know that that's not going to happen.
58:02
They're going to be in Switzerland.
58:04
Living the life spending off the hordes of normies for the rest
58:08
of their lives. Mmm, that you got that.
58:10
Exactly right. Anyways, Phil closing thoughts,
58:13
my friend. Wow, I you know what, I really
58:17
did not get to dive into the second half of that video
58:19
because I was so tiring, saved it, because I knew Frances was
58:23
coming. If I never even saw that second
58:27
half, anyways, it's just so hard for me, not to play the whole
58:31
thing yesterday, but I knew Frances was coming.
58:33
I was like, this is too good. This is too good.
58:36
Not, it was. I didn't watch the end of the
58:38
video on Twitter. I just I was cringing so hard
58:41
that I close it before the sun comments.
58:43
I'm really happy. I got to see her squirm a little
58:45
because she's a horrible person. Yeah.
58:48
I think we all did. I think we all started watching
58:50
that we're like, fuck this shit dude when she when she answered
58:54
when she real quick fill, which he The thing about like, do you
58:58
sleep? I feel like there was like a
59:00
little glimmer, like, little thing in her eye.
59:02
Like, do they know? I'm a vampire.
59:04
Of course. I sleep.
59:05
What are you talking about? I don't drink children's blood
59:09
for a second there. She had to figure out if she was
59:11
a human or not like it. Are they asking me to play the
59:13
role but look in terms of the, in terms of the points.
59:16
I wanted to make look just quite simply that particular speech is
59:22
very interesting when she makes the point about There's no
59:27
crypto on the ECB balance sheet and and it's a very Stern
59:32
statement and it's meant to convey.
59:35
Oh. Everybody's muted.
59:37
He wasn't asked that question. She wasn't asked that question.
59:40
No, she wasn't. She wasn't asked that question.
59:43
But she made the statement that there is no like that was that
59:46
was her that she was reacting to what she was thinking about it.
59:49
So it was very important for her to make that statement and be
59:53
very clear that she's looking out right there, looking out for
59:56
your best interest. So, a convicted felon, a
59:59
convicted felon, that's in charge of, as Francis, alluded
1:00:02
to Magic money. That is created out of thin air.
1:00:05
We've done a whole thing about SDR And how there are a whole
1:00:08
other layer of Fiat that is imploding.
1:00:11
Okay, they've lent out more money than they ever have in
1:00:13
history. Anyways, you know what the IMF
1:00:17
is shitting in their pants. Christina shitting her pants.
1:00:20
These people have it totally getting in there dad.
1:00:22
Holy shit. That's how I was going to say.
1:00:23
I that's the vibe I get is shitting.
1:00:25
Their pants energy. I got to see Janet Yellen.
1:00:28
Do a speech against Bitcoin. In person in Montreal.
1:00:32
I just complete coincidence. She just fucking trash before
1:00:35
onstage. I recorded and put it on.
1:00:36
YouTube and Janet Yellen was spewing the worst and stupid
1:00:41
Fudd. One after the other, like a shit
1:00:43
corner and Lagarde does not really do that.
1:00:46
She's almost capitulated in her mind, and I think she and I,
1:00:50
because Janet Yellen was just reading off a prompt and Lagarde
1:00:54
is like, thinking about the answers because She's actually
1:00:59
considering this. So the ecd chief is considering
1:01:01
the threat of Bitcoin very seriously, and when she says
1:01:04
like, we don't own any crypto at the ecd just to be really clear.
1:01:08
I want there to be no ambiguity. So there is a potential for
1:01:13
ambiguity. There is a potential for an
1:01:16
entity like the ECB to have it. It's not so far out of the realm
1:01:21
of possibilities that we don't even need to put a disclaimer on
1:01:23
it, because you don't put disclaimers on every single
1:01:26
thing that can't happen. Right?
1:01:28
So it's like alright. So now possibility of a central
1:01:31
bank owning Bitcoin is now potentially within the, the
1:01:35
frame of possible things. So we need to address that she
1:01:38
hasn't realized yet that she's Saying a lot of things in any
1:01:42
reality with her with her language, you know, people are
1:01:46
and I'm like, I just go. Go Christian, you're doing your
1:01:50
thing because people are watching this and they may not
1:01:53
understand INF and ISO and strs. They can read a face.
1:01:57
That's for sure. Like like regular people can
1:02:00
read her face and was like, what are we going to get the economy
1:02:02
back to normal? Where we stopped printing money
1:02:04
and buying a rich friends as stocks.
1:02:07
It will happen and they will happen.
1:02:09
It's a raptor coming. I will not disclose how nice.
1:02:13
Whoa, you know, okay, it is just so freaking crazy.
1:02:17
I can't believe. I mean, it was, it was always
1:02:20
going to end this way. But hey, you know what?
1:02:22
The central bank's definitely deserve it.
1:02:25
Anyways, filled there was an open source software released
1:02:27
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1:02:29
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They both come with a tamper-resistant wire and the
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All right, we've got Google oi, money version, 0.1, 0.1, 46.
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Just got released today, the link to that is down below in
1:02:59
the show notes. Don't forget to check us out on
1:03:02
our Audio, Only platforms Apple podcasts Spotify and Anchor.
1:03:07
If you want to stream my SATs check us out on Fountain.
1:03:10
Dot f m--. You could stream assets through
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Breeze. Awesome.
1:03:13
Thank you for guys before we go and give a very special
1:03:16
shout-out to our clothing, sponsor.
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You can take advantage of the promo code down below to get 10%
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off. I also want to give a very
1:03:32
special shout-out to her. Awesome guests who've been
1:03:34
trying to get on the show for months.
1:03:35
He finally came. We're super happy about it.
1:03:39
His name is the legendary Francis pouliot.
1:03:43
He is the founder of bull Bitcoin.
1:03:45
It is the best Bitcoin exchange in Canada.
1:03:47
Phil uses. It used it to get some money out
1:03:50
of the of the crumbling. Socialist Canadian Thunder.
1:03:54
True do things. So, anyways, I want to give a
1:03:57
very special shout-out to put, by the way.
1:03:59
Bitcoin has a good shot at fixing this specially.
1:04:02
If you take a look at the the politicians, the bitcoiners are
1:04:05
supporting tahiti's. What's his name?
1:04:07
It's his name is in French filled.
1:04:09
So I can't pronounce a yeah. Pull.
1:04:11
Yeah, pull. Yeah, exactly.
1:04:13
So. So I do have hope for China but
1:04:15
definitely not under a CB D. C-- Fiat future only under a
1:04:20
Bitcoin future and it will happen.
1:04:22
But anyways guys, that was our sure, if you enjoyed the show
1:04:24
notes, your spirit. Of course, if you want to
1:04:26
continue your in the Bitcoin, use from the bleep, LED
1:04:28
perspective. And the catastrophic fails
1:04:30
definitely consider subscribing to Simply Bitcoin.
1:04:33
And we'll see you tomorrow, guys, for a brand new episode to
1:04:36
quote are all Awesome guest. We will have decentralized
1:04:40
governments