Latest / Simply Bitcoin / Why Nayib Bukele and Bitcoin Are Winning BIG | EP 1065

Transcript

Why Nayib Bukele and Bitcoin Are Winning BIG | EP 1065 · Simply Bitcoin

• 0:02
  It's. All going to zero against.
• 0:05
  Bitcoin. You're against Bitcoin.
• 0:13
  You're against freedom. And Kraft, you're you finished
• 0:25
  first in any. The interview is only going to
• 0:29
  be 6. Minutes treat that already have
• 0:31
  price gouging. Can I tell you why that those
• 0:33
  are fallacious and misleading at best And the craft your craft
• 0:37
  analogy is even. Why can't I tell you?
• 0:39
  Please let me tell you craft you say was 440% profit increase.
• 0:44
  The example you used the prior quarter from the year before
• 0:48
  they had an A charge of $1.3 billion, an accounting change
• 0:53
  which wiped out profits. Then they earned what they
• 0:56
  normally let me finish. Now they they fought.
• 0:59
  They earned you. Didn't let me finish look at the
• 1:01
  data. Come on, we have economic study
• 1:04
  now after economic study is the. Way it always goes.
• 1:08
  When there is more consideration. 40 million eggs
• 1:12
  were destroyed because of avian. Situation in an industry we have
• 1:16
  seen much greater increases. Do you attribute the inflation?
• 1:22
  That's what you think we need to do to?
• 1:23
  Solve it random. They are not random one offs.
• 1:27
  It is part of the problem when you've got companies that are
• 1:32
  gouging consumers on prices, consumers need to know they've
• 1:36
  got somebody on their side. Senator, Senator, Mrs. We're
• 1:39
  trying to help. We we're trying to actually do.
• 1:41
  36 where are you in the 3637 states that currently have price
• 1:47
  gap strictly on that point Senator Warner, can you this is
• 1:50
  tell here we're. Never going to have this is the
• 1:53
  way. You never lose an argument
• 1:54
  because no one can ever say anything back to you, Senator.
• 1:57
  State price gouging laws take. Yeah, we're going to simply
• 2:01
  Bitcoin live your number one source for the peaceful Bitcoin
• 2:03
  revolution cup breaking news, culture, matic warfare.
• 2:06
  We will be your guide through the separation of money and
• 2:10
  state. I was watching the first
• 2:13
  interview with Kamala Harris yesterday on CNN and what was
• 2:18
  really interesting and again, you guys know the deal where
• 2:20
  where a Bitcoin show first. So we're not going to talk about
• 2:24
  all the other issues, but we're going to focus specifically on
• 2:27
  this idea of people can't afford homes, the so-called price
• 2:32
  gouging and inflation. And when I was watching that
• 2:36
  show and including there was a town hall with Trump who is more
• 2:40
  pro Bitcoin and Tulsi Gabbard. And someone in the audience
• 2:44
  actually asked Trump, like, what are you going to do about
• 2:47
  inflation? And that same interview with
• 2:51
  Kamala yesterday gave me that same vibe where, like, it was
• 2:55
  like, consumers are hurting right now.
• 2:57
  Inflation is too high. The price of groceries are too
• 2:59
  high. And she's like, yeah, you're
• 3:00
  right, the price of groceries are too high.
• 3:04
  The world has been psyopped into thinking that somehow money has
• 3:11
  to lose purchasing power in order to function.
• 3:16
  Let me make this very clear. Not only is inflation not
• 3:21
  necessary, it's extremely damaging to society and every
• 3:25
  say, single day that Bitcoin survives, it proves that not
• 3:31
  only can a money exist that doesn't have a inflation, a
• 3:36
  money can exist that is deflationary.
• 3:39
  Meaning your purchasing power, if you save in that specific
• 3:43
  money, actually increases over time, making your life less
• 3:48
  expensive over time. I think it's time that we stop
• 3:54
  seeking the solutions from politicians because the sole
• 3:59
  cause of inflation is government's unique ability to
• 4:06
  create money for free out of nothing debasing it.
• 4:11
  And the reason that they don't like Bitcoin or at some elements
• 4:14
  of government don't like Bitcoin is because Bitcoin is a mirror.
• 4:19
  It literally reflects onto Fiat. We gave you that guys the
• 4:25
  example of, of of Nigeria yesterday, how they arrested a
• 4:29
  Binance executive and they're basically essentially holding
• 4:32
  him hostage. Bitcoin is a mirror to Fiat
• 4:36
  currencies, and every single day that it continues, every block
• 4:41
  that is found and it exists and more and more people join it, it
• 4:47
  continues to prove that not only is it better money, but a money
• 4:53
  can function without government, without the state.
• 4:57
  And if you've been operating in an environment where you benefit
• 5:02
  from that, well, through distribution, every time they
• 5:05
  debase currency, which specifically are governments,
• 5:10
  it's going to be a little bit of a shock to you, to be perfectly
• 5:13
  frank. So instead of the divide and
• 5:16
  conquer, instead of focusing on Trump and Kamala, even though
• 5:21
  this election is important from a regulatory perspective,
• 5:24
  there's no doubt about that You really like we are so early in
• 5:29
  that sense. Because the fact that people are
• 5:33
  still asking politicians to fix inflation, even though it's
• 5:37
  government debasement that is the cause of inflation, tells me
• 5:42
  that we have a lot of work to do and that we're still incredibly
• 5:45
  early. And This is why I believe El
• 5:49
  Salvador is attacked in the media so much, because you have
• 5:55
  a relatively very small country. It's a country with AGDP of $32
• 6:00
  billion. Like meaning Elon Elon's like
• 6:05
  net worth is like 200 billion or something like that, right?
• 6:07
  El Salvador's GDP is 32 billion, just to kind of give you an
• 6:11
  idea, right? It's a relatively small country.
• 6:14
  It's a developing country. Why does the worldwide media and
• 6:20
  the IMF and elements of the US government care so much about
• 6:25
  what's happening in El Salvador? I believe it's because what Naim
• 6:32
  Bukele is doing and what Bitcoin is doing is it's showing the
• 6:36
  world that there is an alternative route.
• 6:40
  One of the things that I love that Naim Bukele said in this
• 6:44
  recent Time magazine article that claimed that he is an
• 6:47
  authoritarian, it said that. And he said that, look, I, I'm
• 6:52
  not left or right. Those are terms that came out of
• 6:56
  the French Revolution. I'm just, I'm just a little bit
• 6:59
  different. And that kind of reminds me of
• 7:01
  the shirt that Opti wears where it's like like, you know,
• 7:04
  conservative, no liberal, no libertarian, no Bitcoiner.
• 7:10
  I think Bitcoiners are in their own class, their own political
• 7:17
  ideology, their own political movement, because that is not
• 7:24
  constrained by borders. We can take it anywhere around
• 7:27
  the world. We can send it anywhere around
• 7:30
  the world, and it's free of government debasement and
• 7:33
  government censorship. So I think as the election cycle
• 7:39
  continues to accelerate, I think it's our job as Bitcoiners, as
• 7:43
  individuals, really to get that message out there that it's not
• 7:47
  left versus right, it's not red versus blue.
• 7:50
  It's really the party of Fiat, the party of green versus the
• 7:53
  party of orange, simple as that. And the reason I played you
• 7:57
  guys, that clip of Elizabeth Warren in the very beginning is
• 8:01
  like we're getting to the point where the politicians are, are,
• 8:05
  are basically blaming corporations for raising prices.
• 8:09
  Like if you know a little bit about free markets, if a
• 8:13
  corporation raises the prices too much, unless they have a
• 8:18
  total monopoly, and even if they have a total monopoly, that's
• 8:22
  going to create an incentive for other corporations to offer
• 8:25
  cheaper prices, therefore taking market share from that
• 8:29
  corporation that's supposedly price gouging.
• 8:31
  That's number one. Number two, in the history of
• 8:35
  the world, even back to the Roman era, price controls have
• 8:40
  never worked. Ever.
• 8:43
  If this top down system of economics worked, it would
• 8:47
  Collectivism would work. It would work.
• 8:50
  North Korea would be a thriving country right now.
• 8:53
  But it's not. So one of the best non coercive
• 8:58
  ways to organize a society is via free market incentives.
• 9:04
  But this idea that somehow the government is the solution to
• 9:09
  the rising in home prices, the rising in grocery bills, and
• 9:13
  somehow electing a certain person into office is going to
• 9:16
  fix all these problems. Let me tell you guys something.
• 9:21
  The prices of goods for me have been going downhill consistently
• 9:27
  since I've adopted a Bitcoin standard in 20/16/2017.
• 9:32
  Everything has just gotten cheaper and everything is going
• 9:35
  to continue to get cheaper. So instead of you waiting around
• 9:39
  waiting for a saviour to come out and save the day, they never
• 9:43
  do. Why don't you save yourself, buy
• 9:47
  Bitcoin, mine Bitcoin, earn Bitcoin, put that Bitcoin into
• 9:50
  self custody and watch your life improve.
• 9:54
  A promise is a very strong word, but you know, put put your toe
• 10:00
  in the water and see if you like it right?
• 10:02
  Anyways, I do want to bring up my Co host.
• 10:05
  He's optimistic today. I do see a smile.
• 10:09
  Opti. This is where I'm at in my
• 10:11
  rabbit hole journey. Personally that I'm like
• 10:14
  watching politicians on TV, like try to explain and provide
• 10:20
  solutions to the prices of goods rising in grocery stores where
• 10:25
  like no one has the self-awareness, including the
• 10:29
  people that are conducting the interviews to be like, dude,
• 10:32
  it's the money. Like duh, like obviously, right?
• 10:38
  So anyways, what are we gonna talk about during the culture
• 10:41
  segment? Yeah, yeah, Actually before we
• 10:43
  get to that, though, I do want to kind of double down on
• 10:46
  something you said. You know, you, you mentioned the
• 10:49
  shirt that I wear all the time. And I think I picked up this
• 10:52
  meme from Eric Cason, which is like most Bitcoiners would
• 10:57
  probably consider themselves like politically homeless.
• 11:00
  We, we don't really fall on the left and right divide it.
• 11:04
  It's kind of becoming, I think clear to me, at least
• 11:07
  personally, that like libertarianism is not enough
• 11:10
  either. Like there's a new movement
• 11:13
  going on and it is Bitcoin and it's embracing Bitcoin and the
• 11:16
  ethos of self sovereignty and all the stuff we talk about here
• 11:19
  constantly on the show. And it's really what you said,
• 11:22
  Like it all boils down to the money and the fact that they can
• 11:25
  print money. As the saying always goes, you
• 11:27
  know, follow the money. That's where you get your
• 11:30
  answers from. And it's absolutely hilarious to
• 11:32
  see Elizabeth Warren out here on Joe Kernan squat box and being
• 11:37
  like, if someone needs to protect the little guy here,
• 11:40
  like justifying her job and we're over here like you guys
• 11:43
  are printing obscene amount of money.
• 11:45
  This is what's hurting the little guy the most.
• 11:47
  And they're never going to hit on this because that is the root
• 11:50
  problem. They got to obfuscate everything
• 11:52
  because if they started to point out that it's all about the
• 11:55
  money, all about the fact that. They can create money out of
• 11:57
  thin air that another man has to work for.
• 12:00
  You know all the things we talk about here that we're forced to
• 12:02
  use a money that's designed to steal from us.
• 12:04
  It would really blow up their whole.
• 12:06
  Charade that is going on right now.
• 12:09
  And of course this is. Basically like the elephant in
• 12:11
  the room that no one wants to talk about.
• 12:13
  And it's just, it's incredible to see them go through these
• 12:16
  mental gymnastics of justifying their work and their jobs.
• 12:19
  And it's like, it's all about the money.
• 12:21
  And then on that note. Shout out the joke Hernan.
• 12:24
  I absolutely love him he's by far the best Bitcoin podcaster
• 12:27
  in the game. Just every single time he like
• 12:30
  he progressively getting better and being more, I don't know,
• 12:34
  for lack of better terms, like aggressive about things.
• 12:37
  And you just love to see it that he's he.
• 12:39
  You can tell that the Bitcoin ethos is catching on in him and
• 12:42
  he's starting to really push back against the narratives.
• 12:45
  And you just love to see that the talking heads out there are
• 12:47
  waking up to this. And so Nico, before you go on,
• 12:50
  guys, today on the culture, we're just going to do a meme
• 12:54
  review. You guys have been yelling at me
• 12:56
  for three weeks. We got rug pulled last week.
• 12:58
  So we're going to go just do a meme review on the culture.
• 13:01
  We'll talk about memes. I got some good memes here.
• 13:04
  And you know, I'm going to give the audience what they want
• 13:06
  today, Nikka. So it is what it is.
• 13:08
  We're doing a meme review no matter what today.
• 13:10
  Absolutely. All right, everybody, before we
• 13:12
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  Let's check it out. Bitcoin numbers.
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  off. At the time of recording the
• 16:10
  Bitcoin price is 58,110 sats per dollar 1721 block height 859,107
• 16:20
  blocks to having 190,893 having estimate March 23rd 2028 Total
• 16:28
  Lightning Network capacity 4907 BTC capacity value 285,000,000
• 16:35
  Realize monetary inflation 1.41% market capitalization 1.15
• 16:41
  trillion Bitcoin versus gold market cap 6.57%.
• 16:47
  In the grand scheme of things, Bitcoin is just getting started.
• 16:51
  Anyways, I do want to talk a little bit about some of the
• 16:55
  topics that we were talking about in the early part of the
• 16:58
  show. But first, before we do that, I
• 17:00
  want to play you a clip from Kamala's interview, first
• 17:02
  interview on CNN yesterday regarding inflation and the
• 17:06
  prices being too high. Let's check it out.
• 17:11
  Orders who do want to go back when it comes to the economy,
• 17:15
  specifically because their groceries were less expensive,
• 17:19
  housing was more affordable when Donald Trump was president.
• 17:24
  Well, let's start with the fact that when Joe Biden and I came
• 17:27
  in office during the height of a pandemic, we saw over 10 million
• 17:32
  jobs were lost. People, I mean, literally, we
• 17:38
  were all tracking the numbers. Hundreds of people a day were
• 17:41
  dying because of COVID. The economy had crashed in large
• 17:46
  part, all of that because of mismanagement by Donald Trump of
• 17:49
  that crisis. When we came in, our highest
• 17:52
  priority was to do what we could to rescue America.
• 17:55
  And today we know that we have inflation at under 3%.
• 18:00
  A lot of our policies have led to the reality that America
• 18:04
  recovered faster than any wealthy nation around the world.
• 18:07
  But you are right, prices, in particular for groceries are
• 18:11
  still too high. The American people know it.
• 18:12
  I know it, which is why my agenda includes what we need to
• 18:16
  do to bring down the price of groceries.
• 18:17
  For example, dealing with an issue like price gouging.
• 18:21
  So, you know, the fact that presidential candidates could do
• 18:34
  that, and I'm not just talking about Kamala, where people still
• 18:39
  believe that voting is going to fix the money issue is a little
• 18:48
  bit disappointing. Maybe I'm just too far down the
• 18:52
  rabbit hole. But also tells me that just like
• 18:56
  guys like ask yourself, like in your family and your friends in
• 19:05
  your community, like the more people believe into this, the
• 19:10
  more people believe into that, the longer it's going to
• 19:14
  continue and nothing gets fixed. And I'm going to make the case
• 19:19
  for you guys today that like, because you can put the
• 19:22
  political rhetoric aside and you can say, look, price gouging,
• 19:25
  like, yeah, like, clearly I'll explain to you why I don't think
• 19:29
  price gouging or, or quote UN quote, price controls, which is
• 19:33
  the solution. It's not that the government's
• 19:35
  printing too much money. It's that the corporations are
• 19:38
  just increasing the prices, you know, because they're greedy and
• 19:40
  all that. But I'll address that in a
• 19:42
  second. But I, I, I don't think
• 19:46
  addressing that just kind of falls into the political debate.
• 19:50
  I think we have to identify what the root problem is.
• 19:54
  The root problem is Fiat. You fix that problem.
• 19:59
  They can't even do that. They can't gaslight you because
• 20:03
  your money. Is.
• 20:06
  Censorship resistant and your money is protected from currency
• 20:11
  debasement, especially if you run a note.
• 20:17
  There's 21 million Bitcoin. Good luck changing the rules.
• 20:21
  Good luck. Like this is what makes Bitcoin
• 20:23
  so special. This is what you have to
• 20:24
  understand. No other cryptocurrency provides
• 20:28
  those benefits. All of them are inherently
• 20:32
  centralized and all of them, the foundation or the founding team
• 20:37
  could change the rules to benefit themselves.
• 20:40
  Sounds very familiar, right? So anyways, I'm going to make
• 20:44
  these cases for you guys, which to me as a bitcoiner are
• 20:47
  obvious, but we have a lot of work to do and hopefully, you
• 20:51
  know, hopefully you guys share this video you like with this
• 20:53
  video, engage with this video, subscribe to the channel, get
• 20:56
  this message out there. Because if you really want to
• 21:00
  fix the the issues and the pains and the people are going through
• 21:04
  in terms of not being able to afford grocery bills or not be
• 21:08
  being able to afford housing, I'm sorry to tell you, but
• 21:13
  neither Kamala or Trump are going to fix those problems.
• 21:17
  You can fix those problems today, right now, by choosing to
• 21:22
  become a sovereign individual and adopting a different
• 21:27
  currency. You don't have to wait for a
• 21:30
  politician to come in and save your problems.
• 21:33
  Anyways. First thing, inflation is not
• 21:37
  necessary. Second thing, inflation comes
• 21:40
  from currency debasement, nothing else.
• 21:43
  Three, Bitcoin is proof that money can exist that isn't
• 21:48
  inflationary. 4 Why the rules can't be changed and the daily
• 21:55
  supply mind gets cut in half roughly every four years.
• 22:00
  We read you guys during the numbers what bitcoins inflation
• 22:03
  rate is it's at 1.41%. A couple days ago it was at
• 22:08
  1.42% or 1.43%. That number is going to go down
• 22:19
  forever. Before the halving, it was
• 22:23
  actually like at 3.43 point 65 or something like that.
• 22:30
  And then you got cut in half and the next halving it, this number
• 22:34
  is going to get cut in half and then the halving after, that's
• 22:36
  going to get cut in half. So even if governments get Fiat
• 22:39
  money back to the target rate, even though they keep changing
• 22:42
  the metrics of 2% bitcoins, inflation rate is still going to
• 22:47
  get progressively lower and lower and lower until the end of
• 22:50
  time. And you're like, OK Nico, I
• 22:55
  don't believe you. You are.
• 22:58
  You are speaking fantasies. This is BS, this is a lie and I
• 23:05
  get that. Maybe you're new to the show.
• 23:07
  I'll show it to you check out this website called price in
• 23:11
  Bitcoin 21. I use it in arguments all the
• 23:14
  time I'm put it in the private chat.
• 23:15
  So Opti puts it in the rumble and YouTube chat for you guys
• 23:20
  Price in Bitcoin is very interesting because you
• 23:24
  essentially see the prices of goods and services as if they
• 23:30
  were priced in Bitcoin, not if they were priced in Fiat.
• 23:35
  So when you hear the interviewee asking, hey, Kamala, what are
• 23:40
  you going to do about groceries? Or hey, Trump, what are you
• 23:44
  going to do about housing? You all?
• 23:48
  You as an individual already have a solution to this, not
• 23:53
  just in the United States, anywhere around the world.
• 23:56
  And I have the data for you guys.
• 23:59
  Let's talk about groceries first.
• 24:01
  Beef, if you've been saving in Bitcoin, has gotten 90% cheaper
• 24:06
  over the last five years. Eggs, 81% cheaper.
• 24:11
  Cheese, 80% cheaper. Soybeans, 92% cheaper.
• 24:16
  Wheat 92% cheaper. Lumber 91% cheaper.
• 24:21
  Milk 88% cheaper. Orange juice 24% cheaper.
• 24:26
  Coffee 88% cheaper. Cotton 92% cheaper.
• 24:32
  Chocolate, cocoa, cocoa, 84% cheaper.
• 24:36
  Rice 79% cheaper. Oh 91% cheaper.
• 24:40
  Sugar 88% cheaper. Corn 9393% cheaper.
• 24:48
  The longer you save in Bitcoin, the cheaper your life gets.
• 24:54
  Doesn't even have your year 10, your year whatever.
• 24:57
  I'm on your eight. I'm telling you that this is
• 25:00
  this is like a cheat code. You want to know why Peter
• 25:03
  McCormack named his conference cheat code is because being on a
• 25:07
  Bitcoin standard in a Fiat world is literally a cheat code.
• 25:13
  Your life gets cheaper over time period, full stop.
• 25:18
  I, I, I don't know what else to say.
• 25:20
  One last thing. I went to do a little bit of
• 25:23
  research, found this from the Hoover Institute, and I think it
• 25:27
  was a very, very, very simplistic and sophisticated way
• 25:33
  of explaining as to why price controls don't work.
• 25:38
  Some macro economists seem to forget that although inflation
• 25:42
  is an overall measure of price increases, individual price
• 25:45
  increases matter. The main problem with price
• 25:47
  controls is that they prevent prices from rising when demand
• 25:50
  increases or supply falls. If the government doesn't allow
• 25:54
  prices to rise in such circumstances, we get shortages
• 25:57
  and line UPS. This is why in a lot of
• 26:00
  authoritarian top down control economies, for some reason, you
• 26:06
  know they don't have full shelves of supplies.
• 26:10
  It's the countries that have gone down the free market route
• 26:14
  that have achieved a lot more prosperity.
• 26:18
  Anyways, that's what happened in the gasoline market with Nixon's
• 26:21
  price controls. Now, something to point out.
• 26:23
  Nixon was a Republican. Again, it's not a Democrat
• 26:25
  Republican thing. It's a Fiat thing.
• 26:28
  It's true that price controls will reduce the measure of
• 26:31
  inflation, but they actually hide inflation.
• 26:35
  Inflation is, after all, an increase in the cost of living.
• 26:39
  Most of us would rather buy steak at $10 a pound from the
• 26:43
  butcher who has steak, then go to the butcher who doesn't have
• 26:46
  steak but is charging $8 a pound.
• 26:49
  That $8 a pound does not signify a lower cost of living if we
• 26:53
  can't get the steak. And that's absolutely right,
• 26:56
  because what you're going to do if you put price controls is
• 27:01
  what happens if you're a grocery store or supermarket.
• 27:04
  And the price control, I'm just throwing numbers out here.
• 27:07
  I'm I'm just estimate. I have no idea.
• 27:09
  Let's say a carton of eggs is $10.
• 27:11
  I have no idea, right? And the grocery store, you know,
• 27:16
  their cost is $9.50 and they're making fifty $0.50 off the $10
• 27:23
  eggs. And they put in price controls
• 27:26
  are like, look, it cannot move from that $10.
• 27:30
  But now all of a sudden the grocery stores caught their cost
• 27:35
  of eggs is $11. That grocery store is going to
• 27:40
  stop selling eggs because if it continues selling eggs, it's
• 27:44
  literally losing money on that transaction.
• 27:47
  And therefore that business owner is potentially going to go
• 27:50
  out of business. This is why price controls don't
• 27:52
  work, right? So, but again, I can't emphasize
• 27:57
  that enough. That is just a political
• 28:00
  argument. As long as Fiat exists because
• 28:04
  you can always gaslight it and you can always take the counter
• 28:08
  argument. The argument to why inflation is
• 28:14
  a problem and why price controls don't work is to save in a money
• 28:20
  that none of this political manipulation effects and that
• 28:27
  money already exists. You don't need a politician to
• 28:30
  come out of the sky, get elected for you to start benefiting from
• 28:37
  that said money. It's right here.
• 28:42
  Everything gets cheaper as it relates to Bitcoin, the SNP,
• 28:47
  gold, oil. Like don't trust me, verify this
• 28:53
  yourself. Don't take my word for it.
• 28:56
  This is the solution to inflation.
• 28:58
  And I had another thought last night and I'll pass it on to
• 29:00
  Opti. Like they don't have a response
• 29:07
  to this. They don't have a good excuse.
• 29:12
  They we have a social contract for income tax.
• 29:16
  I know a lot of people don't like income tax, but the reality
• 29:18
  is that it's in law. It's it was agreed upon.
• 29:22
  You can talk about how with SIOP and they were insincere and they
• 29:26
  started with 3% first and then they increase it, whatever, it
• 29:29
  doesn't matter. It's in law, right?
• 29:33
  We never agreed to the inflation tax.
• 29:37
  That has not been enshrined in law, that that hasn't been
• 29:40
  agreed upon. Fred Krueger commented on one of
• 29:43
  my tweets yesterday where I said all caps three times and money
• 29:47
  can exist without inflation. He said inflation is essentially
• 29:51
  taxation without representation. And that's the way that you
• 29:55
  should see it, is that not only are we being taxed on our income
• 30:00
  and on our property and on our investments and the gains that
• 30:05
  we make from our investments, but we are also being taxed with
• 30:11
  the money that we use. And no one knows it.
• 30:17
  And if we highlight it, we win because Kamala or Trump or
• 30:24
  whatever iterations of future presidents and politicians come,
• 30:30
  they won't be able to explain that away.
• 30:33
  They won't be able to just tell you like inflation needs to
• 30:37
  exist in order for money to function.
• 30:39
  That's what they'll tell you, right?
• 30:40
  Like if you don't have inflation, no one's going to
• 30:42
  spend money. That's what they're going to
• 30:43
  tell you. The longer Bitcoin lives and
• 30:49
  operates and continues to thrive proves that theory completely
• 30:57
  wrong. So Bitcoin is a solution to
• 31:01
  inflation. You don't need a politician to
• 31:03
  adopt it. You can adopt it now and I
• 31:06
  promise you wait at least a cycle, which is roughly 4 years
• 31:11
  and your life will get progressively cheaper over time,
• 31:15
  especially if you take a portion of what you're making every
• 31:18
  month and you put it into Bitcoin.
• 31:20
  It's insane. I promise you, you won't regret
• 31:23
  it. Anyways, that's my take.
• 31:25
  Opti. I I, I, I got to be honest bro,
• 31:28
  I, I saw this and I was just so like I was just so like tired.
• 31:34
  I was tired. I was like, I was like, dude,
• 31:36
  are you serious? Like it's like, it's like asking
• 31:40
  the person who committed the crime if they're going to like,
• 31:44
  you know, face justice. Like it's, it's in, it's like if
• 31:49
  they should, if it's like you committed this crime, but I want
• 31:53
  you to fix it too. Like it's, it's insane.
• 31:56
  It's naive. And I, and I think it's just a
• 31:58
  matter of education in my opinion.
• 32:01
  Yeah. Well, I mean, I've been saying
• 32:02
  for a while the very simple message that as long as the
• 32:07
  politicians are out here on corporate media saying this
• 32:12
  stuff, it just goes to show that most people really don't know
• 32:15
  what's going on. Maybe, you know, I'll give them
• 32:17
  the benefit of the doubt that they're working, you know,
• 32:20
  paycheck to paycheck just to survive.
• 32:21
  They don't have the time to look into economics.
• 32:23
  We weren't taught economics in in most of us weren't taught
• 32:26
  good economics in school. And I think that's by design.
• 32:30
  If you don't understand how the economy works and you don't
• 32:33
  understand how money works, you don't understand how finances
• 32:35
  work, then it's a lot easier to control you.
• 32:37
  And then of course, you kind of go back to what Elizabeth Warren
• 32:39
  was saying. It's like you need to trust
• 32:41
  someone else to, to protect you and all that stuff.
• 32:43
  And those bit corners are like just saving a better money.
• 32:45
  It's literally that simple. And I, I really want, I'm really
• 32:48
  going to latch on to something that Kamala Harris said in that
• 32:51
  clip, which is, she said something about like, we need to
• 32:56
  manage the economy better or mismanagement of the economy is
• 33:00
  why we're here. Some something along those lines
• 33:02
  and I would just argue or push back that like any amount of
• 33:05
  management to the economy is mismanagement.
• 33:07
  Like no one man or no one group of people should have that much
• 33:10
  power. And I think the hubris that you
• 33:13
  see from politicians into the idea that they can manage and
• 33:16
  control a complex system like an like an economy or in your own
• 33:20
  country or in the world, just goes to show that they really
• 33:24
  believe their own farts. Like they really love the smell
• 33:26
  of their own farts here because they really think that if they
• 33:29
  control the prices of things, like things will get cheaper.
• 33:32
  And it just, it doesn't work like that.
• 33:34
  History has taught us in the, in the many examples that it
• 33:37
  doesn't work like that. And shout out to Peter St. on
• 33:40
  She did a really good video. I, I actually, I'll drop in the
• 33:43
  chat for you guys here. And he really breaks down this
• 33:47
  whole price gouging. I would call it a scam.
• 33:50
  And he really just goes to show that like it it's going to end
• 33:54
  up in bread lines, it's going to end up with less products on the
• 33:56
  shelves. And that's going to be worse for
• 33:58
  the economy than we are here. Like, put simply, things become
• 34:01
  more expensive because cost of goods and services are going up
• 34:05
  and smart businesses have to keep raising the prices to
• 34:07
  maintain profits. And when you really look into
• 34:10
  the numbers here, from what I'm seeing, most grocers or most
• 34:15
  grocery chains, they only make like one or two percent profits
• 34:19
  on top of the stuff they're selling.
• 34:20
  So for every dollar, they make like one or two pennies on it.
• 34:23
  So if prices are going up, that means, you know, the they're
• 34:26
  going to pass the prices along to you.
• 34:28
  So as long as they are printing more money and things are
• 34:32
  getting more expensive and your dollar is getting debased,
• 34:35
  you're getting poorer, things are going to keep going up until
• 34:38
  we get to some hyperinflationary scenario where, you know, we're
• 34:41
  in Zimbabwe and we're paying millions of whatever dollars,
• 34:45
  hundreds of millions of dollars to buy products.
• 34:47
  So again, put simply, the money is broken and you need to use a
• 34:51
  better money to live a better life.
• 34:53
  And that's what we're all talking about here is you need
• 34:56
  to save in something that can keep up or rather exponentially
• 34:59
  explode parallel to the fact that the dollar is, you know,
• 35:04
  getting destroyed. So like you need to save in
• 35:06
  something that out beats inflation.
• 35:09
  And that's what this is all about.
• 35:10
  And of course, when we get into economic terms, it's like
• 35:12
  people's eyes glaze over and they're like, dude, I don't care
• 35:14
  about this. Like, you know, tell me about
• 35:17
  the new Taylor Swift song or something like that.
• 35:19
  You know, whatever, whatever happened on the television, Like
• 35:21
  did you watch the game, bro? Like, who cares about inflation?
• 35:24
  It doesn't matter. I'm honestly, I'm getting a
• 35:26
  little black pilled on talking about inflation all the time
• 35:28
  because if people really cared about inflation and they would
• 35:32
  obviously wake up and be bitcoiners.
• 35:34
  Or rather again, maybe they just don't understand how inflation
• 35:37
  works, which is why they're able to go out on television and
• 35:40
  gaslight us and be like, trust us, bro.
• 35:42
  Like we're going to lower prices and yet we're going to print
• 35:45
  hundreds of billions and trillions of dollars.
• 35:47
  Like the metric of we print a trillion dollars every hundred
• 35:50
  days should absolutely blow people's minds away and be like,
• 35:54
  yeah, I need a solution. It's, it's, it's insane.
• 35:57
  The where we're at right now is insane.
• 35:59
  And it's very simple. Like they have to print more
• 36:02
  money. They have to continue to create
• 36:04
  more, more Fiat dollars to keep the system going.
• 36:07
  It's on fumes and they got to keep injecting more fumes into
• 36:10
  the system to keep it going. And all of us Bitcoiners are
• 36:13
  like, cool story, bro. Like I'm just going to start
• 36:16
  saving in Bitcoin and life's going to get better.
• 36:19
  It's like super simple. 100% All right, everybody, let's get some
• 36:23
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• 37:26
  All right, everybody. So, you know, I really believe
• 37:32
  in this kind of theory of central banker politician
• 37:35
  projection. So they project onto US what it
• 37:37
  is that they are guilty of themselves.
• 37:41
  Since Naimbu Kelly passed the Bitcoin law, all of a sudden the
• 37:46
  world did not care about El Salvador, especially when it was
• 37:49
  the murder like one of the murder capitals of the world.
• 37:52
  They didn't care they was El Salvador was irrelevant to them.
• 37:57
  It didn't even exist on a map. As soon as a president, which
• 38:01
  was democratically elected is the most popular president in
• 38:07
  the Americas with a 90% approval rating, came in to fix the
• 38:15
  security issue on the ground, all of a sudden the media
• 38:20
  started to care. Isn't that strange, right?
• 38:24
  And then this kind of made me a little bit passionate regarding
• 38:29
  this because like, my family's originally from Venezuela and
• 38:33
  I've and I've lived in Latin America, OK.
• 38:37
  And if you live in the West or in the United States and you're
• 38:40
  like, wow, my government is so corrupt.
• 38:42
  Like, you have no idea what corruption is.
• 38:45
  I'll say that. And then that kind of led me
• 38:50
  down the rabbit hole of like, I've already asked what is
• 38:55
  money? Now where I'm at in my Bitcoin
• 38:58
  journey is like, what is government?
• 39:00
  You know, if like the people in charge, the people in power
• 39:08
  can't even be honest about inflation, can't even be honest
• 39:12
  about why things are so expensive, why else should we
• 39:17
  look? See, why else should we expect
• 39:20
  them to be competent in other sectors?
• 39:23
  And by the way, this is Democrats and Republicans, to be
• 39:26
  clear, right? So first up, regarding the El
• 39:34
  Salvador Time magazine article. And of course, it's Naimbu Kele.
• 39:39
  You know, he's wearing a dark suit for the audio listeners.
• 39:42
  And on the front page says how El Salvador President Naimbu
• 39:46
  Kelly became the world's most popular authoritarian.
• 39:50
  And the name of the piece is called the Strongman.
• 39:54
  I react with most popular president in the Americas is
• 39:59
  authoritarian. Is it because he protects
• 40:03
  private property, eliminates violent crime and allows the
• 40:06
  economy to flourish? That's literally the role of
• 40:10
  government. Not chaos, corruption and theft.
• 40:16
  And again, this is what I was telling you about projection.
• 40:19
  Like this is what is supposed to happen.
• 40:23
  Like the role of government is to protect private property.
• 40:27
  That is literally the whole point.
• 40:29
  That's why you pay taxes. You pay taxes so that yours
• 40:33
  community and your society is safe.
• 40:36
  There's a police force that enforced the law right there is
• 40:42
  like it's reasonable things are kind of taken care of.
• 40:45
  Like that's the whole point. But Fiat has morphed government
• 40:50
  to take this new role of like we should go and do things above
• 40:57
  and beyond, like the the core things.
• 40:59
  No, no, no. All of a sudden we have to
• 41:03
  interfere and other people's governments around the world, we
• 41:07
  have to go to war with other governments.
• 41:11
  We have to offer helicopter money to our citizens because
• 41:15
  our citizens are suffering because we're debasing the
• 41:18
  currency. I don't think you can have an
• 41:21
  honest, dependable government as long as Fiat money is a thing.
• 41:28
  And I think the reason as to why they're attacking Naimbu Kelly
• 41:33
  is because just like Bitcoin is a mirror, I think Naimbu Kelly
• 41:38
  and what he's doing in El Salvador is a mirror to the
• 41:43
  leaders in the West. And it's a mirror of anyone
• 41:48
  who's looking into El Salvador. They're seeing what Naimbu Kelly
• 41:51
  is doing. They're looking at their own
• 41:53
  leaders and saying, wait a second, like the United States
• 41:58
  is significantly wealthier. Why do we still have crime
• 42:02
  problem? How did how was he able to
• 42:04
  figure it out? And how you guys not able to
• 42:07
  figure it out? I don't understand.
• 42:10
  And then it actually reminds me of a quote that Stacy Herbert
• 42:14
  likes to say all the time and originally comes from someone
• 42:17
  called Fedrick Bastiat. And the quote is when plunder
• 42:22
  becomes a way of life, men create for themselves a legal
• 42:26
  system that authorizes it and authorizes it and a moral code
• 42:31
  that glorifies it. So you want to like, understand,
• 42:35
  think about that for a second. Be like, what do you mean theft?
• 42:39
  Guys? The entire base layer of society
• 42:43
  is based on a money that has theft baked into it.
• 42:48
  And they've siopped the world into thinking that inflation is
• 42:51
  somehow a law of nature. Somehow your money has to lose 2
• 42:57
  to 3% in purchasing power if you are privileged enough to live in
• 43:01
  in a developed world. If you don't have that financial
• 43:05
  privilege and you deliver in the developing world and you're
• 43:07
  enduring 10/15/20 percent inflation, like the theft is
• 43:12
  baked into money. And what Bitcoin proves is that
• 43:17
  money can exist where that doesn't need to happen.
• 43:21
  And This is why I believe part of the motivations behind the
• 43:26
  antagonism against Naimbu Kelly by the media comes from a place
• 43:32
  of fear, because essentially what he's proving is that things
• 43:38
  don't need to be the way they are today.
• 43:41
  And I think that's what it's about.
• 43:43
  Anyways, I'm going to read one of the passages from the Time
• 43:46
  magazine article. It's about a 25 minute read if
• 43:49
  you want to read the entire thing.
• 43:51
  But this one is the point. The the point to me, that really
• 43:54
  stuck to me. So the question from the
• 43:56
  reporter to 9 Buchele was, is it strange for you to see your name
• 44:01
  across the world now be synonymous with Iron Fist
• 44:04
  policies on security matters? President Buchele replies.
• 44:09
  Yes. I never expected to become the
• 44:11
  reference for Iron Fist measures.
• 44:14
  I've always believed that society's progressed through a
• 44:16
  comprehensive approach to problems.
• 44:20
  I have never been against this. I've said before that crime
• 44:23
  often arises from a range of factors, usually social.
• 44:27
  In El Salvador's case, our problems include a lack of
• 44:30
  opportunities and the destruction of the social
• 44:32
  fabric. The last majority of gang
• 44:35
  members joined gangs due to lack of a family, lack of
• 44:38
  opportunities and social pressure to join.
• 44:41
  Then once inside they were pressured to hurt other people.
• 44:47
  After hurting the first person, they become desensitized and
• 44:52
  then they hurt the second. I understand that if that boy
• 44:56
  has been stopped young and sent to school, we could we could
• 45:00
  have taught him other things and and he might have never become a
• 45:04
  gang member. He would have never hurt anyone
• 45:08
  nor would it have even occurred for him to hurt anyone.
• 45:12
  He probably would have been a good man, I have no doubt.
• 45:16
  I accept that the state failed him by not providing him with
• 45:19
  opportunities or a minimum social safety net.
• 45:23
  The state was a significant factor, probably the main one.
• 45:27
  And this young man becoming a criminal.
• 45:30
  What can I do? I can't go back in time to 1990
• 45:33
  and say all these guys are going to become gang members, we're
• 45:37
  going to take them to school. The governments in the 1990s
• 45:41
  should have done that. They didn't do it.
• 45:44
  This is a juvenile social problem that began in the United
• 45:47
  States related to illegal narcotics, and then it arrived
• 45:51
  here. It wasn't evil.
• 45:53
  It wasn't even that bad. When the gang started, they had
• 45:57
  their quarrels between them. Sometimes there was a casualty,
• 46:01
  but it was not a giant crime phenomenon.
• 46:05
  Then it became the most dangerous country in the world,
• 46:07
  literally the homicide capital of the world, with three times
• 46:11
  the homicide rate than Haiti has now.
• 46:15
  El Salvador has triple the homicide rate per 100,000
• 46:18
  inhabitants. I understand that the state
• 46:20
  failed, which should have never happened.
• 46:22
  However, the criminal who who hurt 10 people?
• 46:26
  Well, this is very very graphic stuff.
• 46:28
  I don't know if it's YouTube friendly.
• 46:30
  Anyways, Naimbu Kelly continues to explain essentially that this
• 46:35
  was a problem that happened because the country of El
• 46:40
  Salvador failed the youth, and the youth didn't feel like they
• 46:45
  had an opportunity but to resort to crime.
• 46:50
  And essentially at the end of the article, he explains that if
• 46:56
  any country can address these issues sooner with preventative
• 47:00
  solutions, it would be more noble, better and have more
• 47:03
  lasting results. It's commendable and beneficial
• 47:06
  if they can achieve that. We couldn't do it.
• 47:10
  Now that we have brought priests to the country, we must invest
• 47:13
  in youth and children to prevent further issues.
• 47:16
  This way we can avoid another president needing to impose an
• 47:22
  exceptional regime in 15 to 20 years and arrest 1% of the
• 47:26
  population again. Hopefully it won't be necessary
• 47:30
  in the future. We aim to lay the foundations
• 47:33
  for a peaceful society similar to developed nations, not
• 47:37
  because of their prison systems or punitive policies, but
• 47:40
  because their societies function effectively.
• 47:43
  So what's really interesting about this is he was tasked with
• 47:48
  a problem, He found a solution to the problem, and the solution
• 47:56
  is multifaceted. It's like we obviously have to
• 48:00
  jail the people that are committing the crimes, but we
• 48:04
  also have to create a positive environment so that future
• 48:09
  generations don't feel like they have they they they have to
• 48:15
  resort to crime in order to get ahead.
• 48:18
  And this is what gets lost in nuance, right?
• 48:21
  Like, I'll be honest with you guys, like if this is considered
• 48:26
  an authoritarian or a strong man compared to the chaos and the
• 48:32
  corruption and theft. Like, and again, coming from
• 48:38
  someone who's from Latin America, you don't see this.
• 48:43
  What you see in most Latin American countries is it's a lot
• 48:47
  of violence, a lot of crime, a lot of corruption.
• 48:51
  What I see here is order peace, opportunity for families, for
• 48:57
  businesses to thrive, opportunities for the youth.
• 49:01
  And if that is labeled as authoritarian, like I think
• 49:07
  that's some mislabelling. I think that's some projection.
• 49:12
  And if you take a look at the data, I mean, it speaks for
• 49:14
  itself. The GDP of El Salvador, look
• 49:17
  roughly we're Naimbu Kelly. This literally went up like a
• 49:20
  hockey stick up type of thing, right?
• 49:24
  If you take a look at the crime rate back in 2015, there was 106
• 49:32
  homicides per 100,000 people. Today, in 2023, there's 2.4.
• 49:38
  So it decreased dramatically, dramatically.
• 49:49
  My power went out. So I'm going to be using my
• 49:51
  laptop microphone. If you compare and contrast that
• 49:56
  with what is happening in Venezuela specifically and how
• 50:04
  the media is treating Venezuela, hold on.
• 50:12
  Did I? Freeze opti No I just.
• 50:15
  Can't hear? No, you don't.
• 50:17
  Hear. I just can't hear.
• 50:18
  That's all good. Sorry guys, the power went out.
• 50:21
  I am rolling with the punches anyways.
• 50:23
  If you see how if you see how the how the media treats
• 50:29
  Venezuela and I would say as a. Venezuelan that we have to do it
• 50:36
  live Opti, we have to do it live here.
• 50:38
  Woof. That was interesting.
• 50:39
  First power surge on simply Bitcoin live from Puerto Rico.
• 50:43
  OK. Now if you compare and contrast
• 50:45
  that how the media treats Venezuela like OK, Venezuelan
• 50:52
  president bans X for 10 days over Musk row Venezuelan
• 50:59
  President Nicolas Maduro has signed a decree blocking access
• 51:03
  to social media platform X, formerly Twitter, for 10 days
• 51:06
  following a public spat with owner Elon Musk.
• 51:09
  The two men have traded Barb since my Mr. Maduro was declared
• 51:12
  the winner of the last month's election disputed presidential
• 51:16
  election. Mr. Musk has described the
• 51:18
  Venezuelan leader as a dictator and a clown, while Mr. Maduro
• 51:22
  has accused Mr. Musk of inciting hatred.
• 51:25
  So now let's check out this Fox News article.
• 51:30
  Venezuelan President Nicolas Maduro claims election results
• 51:33
  victory but refuses to publish results.
• 51:36
  US says results do not reflect. The will and the votes of the
• 51:39
  Venezuelan. People as protests spread across
• 51:42
  the country, why is Nicolas Maduro not getting an article on
• 51:49
  Time magazine calling him a dictator and strong man?
• 51:53
  What like, why is why is Nicolas Maduro referenced as a
• 51:58
  president? And why is Naimbu Kelly
• 52:02
  referenced as on authoritarian, you know, And then of course, it
• 52:08
  reminds me of once again, Naimbu Kelly's article.
• 52:11
  They're willing to, this is name of Kelly's words, not mine.
• 52:14
  They're willing to fight, lie, smear, destroy, censor,
• 52:16
  confiscate, print and do whatever it takes to maintain
• 52:18
  and increase their control over the truth and everything and
• 52:21
  everyone. So like, you know, and then he
• 52:26
  explains at the very top, like the most vocal detractors of the
• 52:30
  Bitcoin law, the ones who are afraid and pressuring us to
• 52:33
  reverse our decision are the world's powerful elites and the
• 52:37
  people who work for or benefit from them.
• 52:41
  And I would like to make the case that as long as society's
• 52:44
  on a Fiat standard, this quote from Frederick Bassiat applies.
• 52:49
  When plunder becomes a way of life, men create for themselves
• 52:52
  a legal system that authorizes it and a moral code that
• 52:56
  glorifies it. And it fundamentally boils down
• 52:59
  to that. Like, you know, what is
• 53:02
  happening in El Salvador is a mirror.
• 53:07
  And you're embarrassed, honestly, if you're looking at
• 53:11
  El Salvador and you're like whole if he if they could pull
• 53:14
  it off that because that's what people are thinking, right?
• 53:17
  And then the wording, right. Like I would say from my
• 53:23
  perspective, Venezuela has a population of 28 million people.
• 53:30
  7.7 million have fled in the last 15 years due to the current
• 53:38
  people in power there. Isn't that authoritarianism?
• 53:46
  Isn't that dictatorship? They're about to make X in
• 53:52
  Brazil illegal and they froze the accounts of Elon Musk
• 54:01
  regarding Starlink. Like isn't that authoritarian?
• 54:08
  Isn't that dictatorship? Like I don't see Naeem Bukele
• 54:16
  like kicking out XI. Don't see him banning YouTube.
• 54:20
  I don't see him banning social media platforms.
• 54:24
  What is the approval rate of Nicolas Maduro?
• 54:28
  What is the approval rate of Biden?
• 54:30
  What is the approval rate of the president Brazil?
• 54:35
  What is the approval rate of Bukele like?
• 54:40
  So it's, it's kind of like they're accusing him of what it
• 54:45
  is. They are guilty of themselves.
• 54:48
  And that not only tells me that we're winning, but that they're
• 54:53
  also scared. And they're scared because I
• 54:57
  think that just like Bitcoin, that the longer Bitcoin
• 55:03
  continues to exist, remaining decentralized and secure, and
• 55:09
  the supply cap stays the same, and as long as El Salvador
• 55:13
  continues on its current path, it's essentially showing the
• 55:18
  world that things don't need to be they the way they are today.
• 55:24
  That's why they attack Bitcoin. That's why they attack El
• 55:28
  Salvador. And that's why we're winning.
• 55:31
  And we're going to continue to win because our system is not a
• 55:36
  system based on coercion. Our system is a system based on
• 55:41
  incentives. So I would say keep on the
• 55:45
  pressure. Your homework this weekend is
• 55:50
  educating your friends and your family, your neighbors, your
• 55:53
  community on inflation, the scam of inflation and the fact that
• 55:58
  inflation doesn't need to like, doesn't need, isn't necessary in
• 56:03
  order for money to function. Because I think that once a big
• 56:09
  portion of the world wakes up to that reality, I think we could
• 56:13
  actually truly effectuate change.
• 56:17
  What is Kamala's quote? Unburdened by what has been or
• 56:23
  something like that. Be unburdened by what has been.
• 56:26
  Let's be unburdened by inflation, but let's be
• 56:29
  unburdened by the inflation that what has been.
• 56:33
  And let's head into something that's not unburdened, I guess,
• 56:36
  which is Bitcoin anyway. You sound exactly like her bro.
• 56:39
  That was great. That was great all.
• 56:43
  Right, Obti short bit. Yeah, yeah, let's I want to.
• 56:46
  Get to the memes. I want to get to the memes.
• 56:48
  Look. But Kelly isn't perfect, nor do
• 56:51
  I think he thinks he's perfect. But having some leaders with
• 56:55
  principles and a backbone would benefit other countries,
• 56:57
  especially our own here in America.
• 56:59
  So I'm not surprised by this time article.
• 57:02
  I would argue it's a hit piece. That Bassiac quote I think is
• 57:07
  very on point here. I think it's becoming very
• 57:09
  clear, at least to us bitcoiners.
• 57:11
  It's still probably not a part of the normal conversation, but
• 57:15
  our government is a kleptocracy. They are not.
• 57:18
  Here to protect us. They are not here to serve us.
• 57:21
  They're not even doing anything that's good for the people that
• 57:24
  they're supposedly here to represent.
• 57:26
  They are basically stealing as much as possible as quickly as
• 57:29
  possible and creating laws. Yeah, inflation.
• 57:33
  Via a lot of mechanisms. And you know, Bastia is a great,
• 57:37
  great economist, a great thinker.
• 57:39
  I would highly recommend you go read some of his work.
• 57:41
  He's able to explain where we are right now very eloquently
• 57:46
  and simply for everyone out there to get like, but pure and
• 57:49
  simple, strong men are obviously going to be villainized by weak
• 57:53
  men. And we are living in a society
• 57:55
  controlled by weak men. This is where we are right now.
• 57:57
  This is why we are in the dire situation that we are in and
• 58:01
  we're facing right now is because the people that in power
• 58:04
  are you, you can argue that they they're, you know, sociopaths or
• 58:09
  you just argue that. No, no.
• 58:10
  We're apparent we are sociopaths.
• 58:12
  Yeah, apparently we're the psychopaths here.
• 58:14
  You know the the projection is strong here, but it's becoming
• 58:18
  very clear that we are in a situation right now.
• 58:21
  It's it's a classic. The weak men create bad times,
• 58:24
  bad times create strong men. Strong men create good times,
• 58:27
  good times create weak men. Like it's the classic meme over
• 58:29
  and over and over again. Just replaying throughout the
• 58:32
  whole history of man, I, I constantly have this framing in
• 58:35
  my head that most of human history is just one long story
• 58:40
  of how the best to organize, organize a huge mass of
• 58:43
  populations. And now we're getting into a new
• 58:45
  era. And hence why we constantly hit
• 58:47
  on this idea that bitcoiners are essentially politically
• 58:51
  homeless. Like we're not conservative or
• 58:53
  not progressive, where would argue that this isn't even a
• 58:56
  libertarian movement, this is a Bitcoin movement.
• 58:58
  It's about fixing the money. And once we can get that done,
• 59:02
  once we can fix the money, then we can look at other things
• 59:04
  because it all starts with the money.
• 59:06
  It all end with the money. So This is why you're seeing
• 59:10
  that Buckele gets a lot of Flack.
• 59:11
  So like, love him or hate him, Buckele has turned his country
• 59:15
  around and only time will tell who is correct.
• 59:18
  And personally, I would love to see some leaders with some
• 59:22
  backbones and some principles. And yes, you can criticize him.
• 59:26
  You can criticize the any leader.
• 59:28
  I think that's the whole point of a government that is ruled by
• 59:32
  its people. You're not going to be popular
• 59:34
  amongst everyone, and I don't think you need to be.
• 59:37
  But as long as you are trying to minimize the damage that you do
• 59:41
  wholesale, I think that that is a good thing.
• 59:44
  And we're going to continue to see these kinds of hit pieces
• 59:48
  amongst a lot of Bitcoiners. Nico's been saying it for a
• 59:51
  minute that on the show, we're we're going to get to a point
• 59:54
  where they're saying, you know, Bitcoin is a danger to
• 59:56
  democracy. We're already at the point where
• 59:58
  they're saying, you know, Bitcoiners are, are psychopaths,
• 1:00:01
  We're illiterate, we're sadist, we're narcissists.
• 1:00:05
  And so it's really just projection to avoid people.
• 1:00:10
  Realizing the root problem, which is the money is broken,
• 1:00:12
  that we need a better money anyways, I I could probably keep
• 1:00:16
  Randy, but I I do want to hit on memes.
• 1:00:18
  It's Friday, Let's let's end the show with some with some good
• 1:00:20
  vibes here. So let's let's hit the memes.
• 1:00:22
  Let's do it. All right, everybody, Let's hit
• 1:00:24
  the meme review. The daily culture.
• 1:00:34
  All right, man, we got a meme review special during the daily
• 1:00:38
  culture. But first, I do want to give a
• 1:00:40
  shout out to our sponsor. Of course I'm talking about the
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  anyone around you, you pull up the orange pull up bada Bing
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  bada boom and you will literally see OK there's bitcoiners around
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  you and you could literally DM them.
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  You can connect with them. It'll show you the events that
• 1:01:28
  are near you as well. It's also the best way to reach
• 1:01:31
  me directly. You don't really answer Twitter
• 1:01:33
  DMS these days or emails. If you want to reach me, send me
• 1:01:37
  a message through the orange pull app.
• 1:01:39
  And when I say that, I mean like, bro, if I get a random
• 1:01:42
  e-mail, it just it just floods my my inbox, not really
• 1:01:46
  answering anyways. So, but if you do want to ask me
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  a question, download the orange pull up and I take the time to
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  answer every single one of you guys.
• 1:01:54
  So we got a meme review special during the culture Opti.
• 1:02:00
  It's here, guys. I know it's been a while.
• 1:02:03
  I know. Yell at me all you want.
• 1:02:06
  I get it. I get it.
• 1:02:08
  I tried to do it last week. We got rug pulled, but it's
• 1:02:11
  here. This is part of the culture.
• 1:02:14
  As a Bitcoiner, we always say the classic, classic meme that
• 1:02:18
  we've created for the meme review.
• 1:02:20
  Tweets are the bullets metaphorically, and memes are
• 1:02:24
  the artillery metaphorically here.
• 1:02:27
  But it just goes to show, especially with a bit that we
• 1:02:30
  just left that there it I'd rather all the news of last week
• 1:02:34
  as well. Here, let me free full screen
• 1:02:35
  myself a lot. All the news last week as well
• 1:02:38
  that there is an active attack on free speech.
• 1:02:42
  And if you understand the basic, I don't even know if that's the
• 1:02:47
  right word, but the basic etymology.
• 1:02:49
  Maybe you guys can Fact Check me right now or what the word Fiat
• 1:02:53
  means. It literally means by decree.
• 1:02:55
  So we're seeing right now, and I think that the game is
• 1:03:00
  unraveling here and more people are waking up to the fact that
• 1:03:04
  essentially government words is our money, government debt is
• 1:03:09
  our money. What the government says is is
• 1:03:12
  the law of the land, which is, of course, you know, very
• 1:03:14
  rudimentary and elementary thought here.
• 1:03:17
  But what is really becoming more and more prevalent and more
• 1:03:21
  obvious to people, especially if you're listening to people like
• 1:03:24
  Mike Benz, is that the corporate press is one in the same thing.
• 1:03:29
  And they're an extension to the federal government.
• 1:03:31
  And This is why a lot of people are probably getting angry about
• 1:03:36
  the Kamala Harris interview and all of the stuff we're seeing
• 1:03:40
  from the political party parties is that they are gaslighting us.
• 1:03:44
  And we have weapons here, again, metaphorically here.
• 1:03:47
  We have tools in our tool bag to combat that.
• 1:03:50
  And that is peer-to-peer communication.
• 1:03:52
  That is US ridiculing the stuff we see coming out of the
• 1:03:56
  corporate press and us making some funny.
• 1:03:58
  So friends heads stay in the game.
• 1:04:00
  This is what we do here on the battleground of the Internet of
• 1:04:03
  free speech. And this is the whole power of
• 1:04:06
  memes. You have to put truth in memes
• 1:04:09
  for them to resonate with people.
• 1:04:11
  And this, this is what the whole point of the meme review is.
• 1:04:14
  I know we've been pulling it back a little bit so we can jam
• 1:04:17
  the show with more value for you guys, but you guys love the
• 1:04:19
  meme. So here we're back with the
• 1:04:21
  memes. OK, so obviously the 1st meme I
• 1:04:25
  think all of us Bitcoiners, at least Bitcoiners have been here
• 1:04:28
  for a while. We're all getting mad and angry
• 1:04:31
  with Dennis shouts out the Dennis 58K gang out there
• 1:04:35
  because he seems to have had the best Bitcoin price predictions
• 1:04:39
  and they literally just like pulled it out of thin air and it
• 1:04:42
  it's the most prevalent price prediction we've had in a long
• 1:04:46
  time. It's the fact that we are
• 1:04:47
  ranging in this 58K gang. OK, so first one is BTC Padre
• 1:04:51
  and he just puts a laughing emoji and this is from The
• 1:04:53
  Simpsons. And it goes zero days without
• 1:04:56
  Bitcoin being at 58 K. And he's pulling the 0 number
• 1:05:00
  with the 0 number because it seems every time people are
• 1:05:03
  predicting like, oh, this is the last time we're in 58 K, we just
• 1:05:07
  finally get back to 58 K. So there's a magnet at this 58K
• 1:05:11
  price. Maybe Dennis is a whale out here
• 1:05:14
  and he is the one manipulating the market.
• 1:05:16
  He is the one that's pushing the price back to 58 K so that he
• 1:05:19
  can make this 58K meme last forever.
• 1:05:24
  But one day we will break out of it.
• 1:05:25
  OK next one is Alan B Watts and of course on Friday yeah rather
• 1:05:30
  over the weekend there was a big move on Twitter about people
• 1:05:34
  sharing their M pubs and people trying to connect on Noster.
• 1:05:38
  We've constantly talked about the the idea of finding tools
• 1:05:43
  that you cannot be censored from so that you can maintain your
• 1:05:46
  sovereignty. Of course Bitcoin is one of
• 1:05:48
  those tools having sovereignty in your money and who and where
• 1:05:53
  you can transact with. The next one is one of Bitcoin.
• 1:05:57
  There's my favorite pet project right now and my pet project.
• 1:06:00
  I don't mean to integrate what Nostril is doing.
• 1:06:03
  It just doesn't have the reach that Twitter does.
• 1:06:05
  And as much as Elon has freed the bird on Twitter.
• 1:06:09
  Your your mic sounds a muffled opti.
• 1:06:13
  In my in my back. In my back.
• 1:06:16
  Yeah, it's been. OK, OK, as much as people may
• 1:06:20
  argue that Elon still might censor some stuff on Twitter,
• 1:06:26
  there are other protocols out there.
• 1:06:27
  There are other mechanisms. It's just people don't know
• 1:06:30
  about it. And so this next one is by Alan
• 1:06:32
  B Watts and he goes join me on Oster sends his NPUB.
• 1:06:35
  Drop your NPUB below and I'll follow.
• 1:06:37
  And of course, he's using a classic cliche matrix meme here,
• 1:06:42
  but he's got the Bitcoin pill, the orange pill on one hand and
• 1:06:45
  the Noster purple pill on the other hand.
• 1:06:47
  And it goes sovereign individuals, laser eyes.
• 1:06:49
  And then we have Morpheus here. Wait, did you just take both
• 1:06:52
  pills? Yes, make sure you are
• 1:06:54
  diversifying your communications platforms, your social media.
• 1:06:58
  If you don't have a Noster, jump on Noster.
• 1:07:00
  Everyone's yelling at me because I'm not really posting on
• 1:07:03
  Noster. I barely post on Twitter
• 1:07:04
  anymore. But I do have a Noster because I
• 1:07:06
  see the use case of it. OK, next one is by Shara Hoddle.
• 1:07:10
  And he's got the classic guy, you know, pointing at his head
• 1:07:12
  meme here. Like think guys, think, think,
• 1:07:14
  think this through. Think about the 2nd order
• 1:07:17
  effects here. And he goes, they know Bitcoin
• 1:07:18
  is going to 100 million and that we're never selling.
• 1:07:21
  That's why they're going to tax unrealized gains over 100
• 1:07:24
  million bar shower borrows here on this one.
• 1:07:27
  OK, next one. This is for all of my Bitcoin
• 1:07:30
  clubs out there. This is for everyone stacking as
• 1:07:32
  much as humanly possible. You got to make fun of yourself
• 1:07:35
  sometime. So I absolutely love this one by
• 1:07:37
  our boy GG Lesmur. And he goes.
• 1:07:40
  He isn't broke. He's just waiting for big
• 1:07:42
  institutions to buy magic Internet money.
• 1:07:45
  And it's the classic scene from Spider man.
• 1:07:48
  I love this one. This one.
• 1:07:49
  This one hit me in the fields. I I felt that one.
• 1:07:51
  I felt that's all right. This next one is really cool.
• 1:07:54
  This is a visual. It really had nothing to do with
• 1:07:57
  Bitcoin, but I like how Mohagan BTC kind of rephrase this,
• 1:08:02
  reframe this and he goes the longer Bitcoin ranges, the more
• 1:08:06
  explosive the move up will be and he's got the namaste emoji.
• 1:08:09
  So the longer Bitcoin stays in 58 K, the more explosive the
• 1:08:14
  move will be once we get out of 58 K.
• 1:08:16
  And there's this visual here of a ball getting bigger until, you
• 1:08:20
  know, it fully breaks out of this little circle and it
• 1:08:23
  bounces. It bounces around and you can
• 1:08:24
  think of it as a Bitcoin price. It ranges, it goes up, it goes
• 1:08:27
  down, it bounces and then eventually it gets so big that
• 1:08:31
  it's going to explode the gradually then suddenly mean
• 1:08:34
  playing out in a visual way. I I like this one.
• 1:08:37
  This one was great. OK, next one.
• 1:08:39
  We talk about this constantly and really it's kind of fitting
• 1:08:42
  considering what we saw on that CNN our our interview earlier.
• 1:08:46
  So we got Clucky's at Clucky's under score on Twitter and goes
• 1:08:49
  the Canteon effect hashtag Bitcoin fixes this.
• 1:08:52
  And we have some hands here and we have the top hand.
• 1:08:55
  And remember the classic meme of trickle down economics?
• 1:08:58
  Well, this is what trickle down economics really does.
• 1:09:01
  This is how it really works here.
• 1:09:02
  So we have the money creators, the money printers here, they're
• 1:09:05
  dropping money, you know, injecting money into the
• 1:09:08
  economy. And then and we have the
• 1:09:10
  Cantillon insiders, we have the friends of the people that print
• 1:09:13
  the money and they have a big net and they are scooping up
• 1:09:17
  most of the money. And then some of the money is
• 1:09:19
  getting through in the net. And that would be maybe some of
• 1:09:22
  the entrepreneurs and out there that are creating things that
• 1:09:24
  make your life better. And they're scooping up some of
• 1:09:27
  the money. They get the money after the
• 1:09:29
  friends and families up the money printers do, and then
• 1:09:33
  through that net, after all of that has been sifted out, you
• 1:09:36
  and I, we end up with the crumbs and the coins at the very
• 1:09:39
  bottom. This is a great visual of the
• 1:09:42
  economy and the world. We live it.
• 1:09:44
  OK, this next one is great. I love this one.
• 1:09:48
  Parikh Patel, CFA, he's a troll account, but he trolls finances
• 1:09:52
  a lot. I really like these visuals.
• 1:09:54
  This is a whole, this is like a whole thread of them.
• 1:09:56
  I'm just going to do the first one.
• 1:09:58
  So the world economy explained with two cows and we got
• 1:10:02
  communism. You have two cows, the state
• 1:10:04
  takes both and gives you some milk.
• 1:10:06
  Next one, socialism, you have two cows, you give one to your
• 1:10:09
  neighbor. The next one, fascism, you have
• 1:10:11
  two cows, the state takes both and sells you some milk.
• 1:10:14
  And then traditional capitalism and you have two cows, you sell
• 1:10:17
  one and buy a bowl. You heard multiplies and the
• 1:10:20
  economy grows that you sell them and retire on the income.
• 1:10:23
  Absolutely love it. This is great visuals here and
• 1:10:26
  there's a whole thread if you want to, you know, check this
• 1:10:28
  one out, go check it out. And then of course, this is the
• 1:10:31
  meme review and I'm not above nepotism on this one.
• 1:10:33
  So I am going to troll here a little bit.
• 1:10:36
  I did the classic, you know, mistype crypto for Harris and
• 1:10:40
  I'm using the Anakin Skywalker meme here and it goes Kamala as
• 1:10:44
  Anakin and all of us bit corners and everyone else that
• 1:10:47
  understands any economics as Padmanic.
• 1:10:50
  So Kamala as Anakin like doing the smile and Padman goes
• 1:10:54
  unrealized gauge tax will only be for the rich, right?
• 1:10:56
  And then Anakin smiles and Padman goes right, right.
• 1:10:59
  Well, the chaser to this is this.
• 1:11:02
  This came around on Twitter as well.
• 1:11:04
  Someone asked ChatGPT. This question goes, when the
• 1:11:07
  income tax was introduced, what percentage of Americans did it
• 1:11:10
  apply to ChatGPT respond with less than 1% And then follow up
• 1:11:14
  question, how many Americans does it apply to today?
• 1:11:16
  Nearly all working American and so to the people that can't see
• 1:11:20
  the 2nd order effects of what's going on, yes, they may say that
• 1:11:25
  they're only going to tax the really rich with unrealized
• 1:11:29
  gains and it's never going to go to the average person.
• 1:11:33
  Well, not only will there is there a non zero chance that our
• 1:11:37
  currency is going to hyperinflate so we can all be
• 1:11:39
  100 millionaires. I really like the meme of
• 1:11:43
  bitcoins going to 100 mil. So eventually, yes, what's the
• 1:11:46
  meme? Nothing is more permanent than a
• 1:11:50
  temporary government mandate. Well, hey, it might start off
• 1:11:54
  that they're only going to tax the rich for unrealized gains.
• 1:11:57
  And this is for the good of the economy.
• 1:11:59
  This is good for the people. It'll eventually end up that
• 1:12:02
  everyone gets taxed. And this is, I hate to use it,
• 1:12:05
  but this is the slippery slope that we find ourselves in.
• 1:12:07
  But hey, we got tools in our tool bag.
• 1:12:11
  Memes. Bitcoin in self custody, eating
• 1:12:15
  good and being healthy so you can live a long life.
• 1:12:18
  This is the way to win. Get outside this weekend.
• 1:12:20
  It is Labor Day weekend. Hang out with your friends and
• 1:12:23
  family, touch some grass, all that good stuff.
• 1:12:26
  That that being said, it is Labor Day, but we'll be here on
• 1:12:29
  Monday, baby. Yeah, we're.
• 1:12:30
  We'll be here. We'll be here.
• 1:12:32
  OK. All right, Nico, I think you.
• 1:12:34
  Oh, I know, actually. All right guys, drop your meme
• 1:12:36
  review score in the chat and. For example, if you guys are, if
• 1:12:41
  you guys are new to the show and you don't know what the meme
• 1:12:44
  review is, goes back to simply Bitcoin's early days where you
• 1:12:47
  used to have a meme review every single show.
• 1:12:49
  But essentially Opti and I are going to give the memes a score.
• 1:12:53
  The score could be anything that you can think of.
• 1:12:55
  It doesn't just have to be a number.
• 1:12:57
  A meme would be a score. Drop it, drop it in the live
• 1:13:00
  chat and we will read it live on the show.
• 1:13:03
  So all right. I got mine, Nico, do you have
• 1:13:05
  yours? Do you need a moment?
• 1:13:07
  You got. All right, so I'm going to give
• 1:13:09
  it this. This nice, nice little lamp that
• 1:13:15
  that's attached to the wall, that's for the couch and you can
• 1:13:19
  move it for certain directions so you know, it, it, it, it
• 1:13:24
  brightens up the room. Literally.
• 1:13:27
  That's my score. OK, OK, my score is I forget who
• 1:13:33
  gave me this and I honestly forget where I got this, but
• 1:13:38
  shout out to you. You'll know I got I think, oh
• 1:13:41
  actually I think it was at the having party cuz Big Sean gave
• 1:13:45
  us those cool, you know, dog tags here.
• 1:13:48
  But I got another dog tag and it is the genesis block on one side
• 1:13:55
  and then on the backside it has and really small writing that I
• 1:14:01
  can't read because I'm blind. But it's got a cypherpunk's
• 1:14:05
  manifesto on the backside, so really cool dog tag, I
• 1:14:09
  apologies. I forget, I forget.
• 1:14:11
  You gave this to me but a dog tag with the Genesis walk and
• 1:14:15
  the Cypherpunks manifesto on it. Beautiful.
• 1:14:19
  All right, so let's read through some of the meme scores.
• 1:14:23
  Here we go. I I.
• 1:14:24
  Wasn't ready. I I guess I I'm getting rusty on
• 1:14:27
  this meme review. Are you ready Nico?
• 1:14:29
  Are you ready? Let's hit it all right.
• 1:14:34
  First score by Elaine Harris and Trump's worlds are going to be
• 1:14:37
  bumped. Dems are smoking something and
• 1:14:41
  all their Kaka is wack. We'll just wait and.
• 1:14:45
  See. Because it doesn't matter to
• 1:14:47
  BTC. A lag getting spicy.
• 1:14:51
  Love it. SAT wise jinx, I give the memes
• 1:14:56
  a Trump, an RFK, and a Tulsi. OK, everyone's feeling the
• 1:15:00
  political juices. Keith gives the memes a .00001%
• 1:15:06
  of my Friday payday DCA. Alright, appreciate it man.
• 1:15:10
  Did you ZAP us? The the I love tether meme gets
• 1:15:15
  10 from me and Phil. See, I give the memes only one
• 1:15:21
  more month of 58 K Yeah man, 58 K getting.
• 1:15:24
  Strong. XX gives the memes.
• 1:15:27
  Mucho caliente memes. Very good score.
• 1:15:30
  I like that score. Bitcoin Morpheus gives the memes
• 1:15:33
  a simply Bitcoin stamp seed plate Bouyakasha.
• 1:15:37
  Look at that. Go to stampse-ed.com today.
• 1:15:39
  Use promo code simply 15% off. Mikkel gives the memes.
• 1:15:44
  Nico makes them at night. I don't get that one.
• 1:15:48
  OK, let's see. Let's see if there's.
• 1:15:49
  Some on rumble meme. Score by Kudis Meme Score Rumble
• 1:15:58
  exclusives Yes. Yes, volume down.
• 1:16:03
  Yes, yes, Rumble exclusives, I think yeah, run we're.
• 1:16:06
  Working on it. We're gonna extend the show,
• 1:16:07
  probably on Rumble, and then we're gonna be a little.
• 1:16:09
  Bit oh, wait, we got a little more.
• 1:16:10
  We got a couple more. OK this knock meme score only
• 1:16:13
  200 characters on rumble messages.
• 1:16:15
  Meme score Inflation in full effect.
• 1:16:18
  Loco, TX for the win 2002 I give the meme review a king, Baldwin
• 1:16:23
  the fourth. Hands up, silence.
• 1:16:26
  Wow wow those rumble scores YouTube chat you got The rumble
• 1:16:31
  scores are walling out man. Anyways guys, this has been a
• 1:16:37
  crazy week in simply bitcoins history.
• 1:16:42
  We appreciate all y'all for sticking around, staying with
• 1:16:45
  us, following us to the very the different platforms.
• 1:16:49
  Yeah, so we're going to make a major effort to post more.
• 1:16:55
  I mean, we've already been posting content on Rumble.
• 1:16:57
  We're going to put more emphasis on Rumble.
• 1:17:00
  We are have something in the works for Noster and of.
• 1:17:03
  Course, I'm very thankful for Team YouTube and just YouTube
• 1:17:06
  for allowing us to continue to educate the masses on the
• 1:17:08
  platform and just really excited to see all the content that we
• 1:17:14
  have cooking up. And I'm really excited to see
• 1:17:16
  what you guys feel about in your guys's reactions to it 'cause
• 1:17:19
  it's going to be absolutely epic in my opinion.
• 1:17:23
  Anyways, guys, this was your Simply Bitcoin Live for August
• 1:17:26
  30th, 2024. I'm your host, Nico.
• 1:17:28
  This is my Co host, Optimus Fields.
• 1:17:31
  We're simply Bitcoin live. Enjoy your weekend.
• 1:17:33
  Go touch grass in my case, touch sands.
• 1:17:36
  Enjoy your day. Go into the ocean, go into the
• 1:17:38
  pool, unplug. And we'll be back on Monday,
• 1:17:42
  Labor Day for a brand new episode of Simply Bitcoin Live.
• 1:17:47
  Take care, everybody. Was brought to you by
• 1:17:53
  bitcoinwell.com on a mission to enable independence.