Latest / Financial Survival Network / Bitcoin Halving: Market Impact, Debt Solutions & Economic Outlook - David Stryzewski #6049

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Bitcoin Halving: Market Impact, Debt Solutions & Economic Outlook - David Stryzewski #6049 · Financial Survival Network

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  This crypto market is young, and so it doesn't have you know a lot
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  of institutional money that's been pouring into it for years. So we really haven't
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  stabilized yet. We tends to be that prior to the bigcoin having that,
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  we're going to see losses of you know, thirty to even fifty percent.
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  So the fact that we know hit an all time high heading into that having
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  makes this a different time than any other. You're listening to Carrie Let's's Financial
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  Survival Network where you get valuable information you just can't find anywhere else to thrive
• 0:30
  in today's trying times. You need the Financial Survival Network now more than ever.
• 0:36
  Go to Financial Survivalnetwork dot com and get your free newsletter and gift.
• 0:41
  Financial Survival Network now more than ever. And welcome you are listening to and
• 0:51
  watching the Financial Survival Network. I'm your host, Carrie Let's say we're getting
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  close to the last week in April. What does it mean? Well,
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  been watching bitcoin, it's been sinking. I've been buying it's been sinking.
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  A story of my life. Here David Strazuski is with us, and David,
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  what of bitcoin is it supposed to go up? After the having and
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  it hasn't. I'm a little disappointed here. Well I I hear you,
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  and so be patient. Is the is the is the is the caution there.
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  You know, this this crypto market is young, and so it doesn't
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  have you know a lot of institutional money that's been pouring into it for years.
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  So we really haven't stabilized yet. We tends to be that prior to
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  the bitcoin having that we're going to see losses of you know, thirty to
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  even fifty percent. So the fact that we you know, hit an all
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  time high heading into that having makes this a different time than any other.
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  But to answer your question, hey, we've now just done this having as
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  of Saturday or twentieth, and you know, and so we went from being
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  able to produce nine hundred bitcoins today now it's going down to four to fifty.
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  Demand is actually a lot higher than even the nine hundred on a daily
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  basis, and so you know, the question ultimately is where's price going to
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  go? Well, supplying demand is the easiest factor to be looking at right
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  now because bitcoin doesn't have like a use. You know, we're not even
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  really trading it as much right now. People are buying, they're holding just
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  like you and I and Carrie, we recognize that corrections are actually opportunities to
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  get more allocated. In fact, there's a lot of people are like,
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  hey, it hit recordized. Is it's too late to get in, And
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  I'd say, no, it's not too late to get in. We'll go
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  higher from here. But if you wait for some corrections and they will come,
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  then those tend to be you know, better buy in points to allocate
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  fresh powder like cash. So people that are dollar cost averaging are doing really
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  well. And by the way, you know, since the November twenty one
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  we were in a crypto winter, So if you've been in this any length
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  of time, you know there was nothing but losses that were happening there for
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  quite a while and it was looking blink. I don't know, things are
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  looking up to absolutely. I could not agree with you more. I mean,
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  it's just it's just people. You tend to get impatient, right,
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  You tend to like want to want it now because it's supposed to act a
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  certain way, and then your emotions kick in here, David, and that's
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  when you really get problems, isn't it. That's right? You know,
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  So if we if we remain you know, emotional as opposed to you know,
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  stick to the fundamentals. And by the way, you know, don't
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  bet the farm on this, right, So just because I have high conviction
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  and you have high conviction, a biggin is going to go up. There's
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  a lot of regulators out there today that do not like this idea of a
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  decentralized currency. They want centralized, They want control for no other reason than
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  to just have control. And so you know that there might be that we
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  find more resistance at the SEC. It might be that there's you know,
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  uh that we don't get the massive, massive reality that we're all expecting.
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  You know, maybe it's delayed by a year because of you political risks or
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  challenges with the SEC and coordinates that have to come out, et cetera,
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  et cetera. So you know, I'm bullish about this long term. There's
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  no way that you can, you know, magically just disappear the supplying demand,
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  you know, factors that have gone into this. In the fact that
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  there's only twenty one million of them, you know, we do have one
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  hundred and sixteen years left though of havings. The last having was supposed to
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  take away a place like twenty one fifty or twenty forty. So I have
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  a right idea, David, Yeah, why don't we make the Treasury and
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  the Fed do a having so every year they can only they have to have
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  the amount of debt they float, and they have to have the amount of
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  currency units they produce. Man, before you know it, the dollar would
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  be worth more than bitcoin. Right, yeah, except for the exact opposite's
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  happening right now. We find ourselves, you know, with a quote unquote
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  good at coon anomalo though we're printing a trillion dollars every hundred days. I
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  mean, come on, yeah. And the rule of seventy two, you
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  know, which we think about as investors. You know, if you can
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  get five percent, you know ultimately it's going to take like fourteen percent to
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  our fourteen years to double your money. Well, think about it. If
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  you have a credit card today and you're paying like twenty five percent, we're
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  talking three years and you've doubled. This is this is the rule of seventy
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  two that no one's factor going in right now. So there's a lot of
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  US debt, the odd issues today that I think bitcoins, you know,
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  bringing some information about and the world's paying attention. Yeah. Yeah, well
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  we have our doublings and triplings every year, right, exactly, havings.
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  Man, maybe bitcoin is onto something here. You know, I love it,
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  man, that's that's a that's a great that's a great, great thought.
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  Yeah. I mean, hey, like, really, shouldn't this be
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  we uh, we've we write it into the law. I mean what you
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  know, this is the thing they've always said, No, you can't have
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  the dollar go up. You got to have a base amount of inflation to
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  two percent a year, which will cover the amount of uh, you know,
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  increase in population and all this garbage. You know, they already did
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  it. Nature already did it for precious metals a long time ago. We
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  were seeing havings there. It's harder and harder and harder to to basically find
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  new deposits and new large scale mines in everything, right, And you know,
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  and I think part of part of what you were noting there is how
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  do we address inflation given the fact that it is ticking up? The Better
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  Reserve was incorrect about that when they tried to spike the ball in Acember sanatory
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  victory. How could it be come on? Yeah, sixty seven rate cuts
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  this year no big deal. I'm like, yeah, right, how on
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  earth did they think that's going to happen? You see that you and I
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  both know Milton Freeman taught us this that that that inflation happens as a result
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  of central banks printing money. There's not a example in the world of inflation
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  occurring outside of that specific phenomenon occurring, and we are printing at record levels.
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  I will give you the direct quote because I heard this quote forty some
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  odd years ago when I first discovered Milton Friedman. He had a special on
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  PBS of all things, they never run it now called Free to Tunes,
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  and the crux of it was that freedom, economic freedom leads to massive prosperity.
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  Government interference leads to failure. And he said that inflation is first and
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  foremost a monetary phenomena. Always, it's always a monetary phenomena. And yet
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  our federal Reserve here doesn't seem to get it, do they, Or they
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  get it, but they're being deceitful, right, absolutely, And this is
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  why I think that you know, the conversation about bigcoin and these other these
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  other like even gold and silver right at all time highs are just off by
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  at all time highs now today. But people are looking for alternatives, and
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  you know, where do we go when when Congress can't you know, when
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  they continue to default on their budget, because that's what they're doing, They're
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  defaulting on their budget by overspending continuality. We can't just do this and and
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  sustains as people. You know, we're going to find ourselves printing and printing
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  and printing and printing and printing. And you know, for all the naysayers
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  today that are like, oh man, the economy is so strong, no
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  question. We had an amazing Q one here to twenty twenty four. By
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  the way, we had an amazing Q one and twenty twenty three as well.
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  Both were based upon false expectations of when the FED pivot's going to come.
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  And so, you know, market, the market's now just starting to
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  catch up on this idea that you know, hey, maybe we're not going
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  to be dropping rates as soon as we thought that we were. And you
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  know, we were talking prior here about about some thoughts et cetera. And
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  you know, I think it's right. You know, the next month is
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  probably we're going to seal a melt up and uh, and we're going to
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  be seeing prices go higher and higher. I mean, shoot S and P
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  could hit six thousand. By the way, it's a lot easier for it
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  to hit six thousand right now than you know in the past, because you
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  know, we've got all the animal spirits that they like to call it.
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  There's there's there's a desire to want to see this bull market really happen,
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  and there's real money that'll jump into it. But but I believe that that
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  we're seeing unemployment come out right now in a way that if you don't see
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  unemployment right now's because you're not actually paying attention to the real numbers. We're
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  looking at these headline numbers and then the market rallies and it's like the market
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  doesn't look back and say, oh, wow, look they've they've you know,
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  revised these numbers down thirteen you know, months in a row. And
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  and so maybe we need to, you know, pull back our expectations on
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  the market cycle. Oh, it doesn't care about about in hindsight, twenty
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  twent eight rallies on the headline, and so you know, the headline numbers
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  have been very deceptive, and so statistics lie. And you know, we've
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  been talking about this carried. But ultimately I think that we're heading to a
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  time here where you know, it's not going to be a smooth as sailing
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  as we've seen. In my personal belief is that what is unexpected and coming
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  is that we've got a massive debt crisis, specifically in corporate America, but
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  also in the consumer side with you know, we've fact we had the highest
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  amount of defaults on consumer credit cards in the fourth quarter of twenty twenty three,
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  going all the way back to two thousand and nine, which was the
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  height of credit card delinquencies in the Great Financial Crisis. So we're not in
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  a recession, yet we find ourselves exceeding the Great Financial Crisis is credit card
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  defaults. So how do we say that this is just so rosy and peachy
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  and wonderful and that we're not going to have challenge this. I think it's
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  time to hedge. I think it's time to take a little bit of those
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  risk off the table. And so you know, places like betacoin places like
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  uh, you know, metals and metal miners even very specifically present opportunities I
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  think for the rest of the year and into the future that give us,
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  you know, the ability to really allocate this something that should be rallying up
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  and not necessarily having as many challenges with interest rates and FIAC currencies and the
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  debt crisis that that's going on and the banks that really don't have the money
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  to metabolize. I couldn't agree with you more. And it looks like we're
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  approaching a banking crisis. We never left the banking crisis. What I would
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  say is that this banking crisis is going to become more and more apparent because
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  if they don't cut interest rates, it's a give me, we're going to
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  have it right absolutely, and and and so the FED sort of at this,
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  you know, rock at a hard place, you know. So what
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  ended up happening. Paul Looker had to come in in the late seventies and
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  he had to ract at these rates all the way up. Why because his
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  predaces or cut rates too early, and it caused inflation to just take off.
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  I guarantee you right now that if we cut rates in the way that
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  you know that we were expecting to in December seven times this year, that
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  that would have caused the market to just rally and go to such highs right
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  now, that's very inflationary. If they don't cut. Just to your point,
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  we're going to see recession right now. Twenty twenty three had the lowest
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  amount of housing sales, even lower than two thousand and nine. That's amazing.
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  It goes all the way back to nineteen ninety five that we had a
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  lower read than what was sold last year. And so the average consumer is
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  not doing well. Housing is unaffordable. That's a part of the American dream,
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  the middle class. There is not a real strength right now like we
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  had pre twenty twenty. And so I'm trying to help people to understand something,
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  and so I say you should have twenty twenty vision. Let's look at
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  the world pre twenty twenty and now post twenty twenty. Where are we today
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  and what has changed? I can measure distance when I have two points in
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  time. Look at this. Inflation's off the going way high. We've got
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  interest rates that are way up. Housing has never been more unaffordable. We've
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  got credit cards at record high, delinquidcyes at red or high recordize it.
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  By the way, banks are about to be sucking wind even more to your
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  point, because those credit cards are unsecured debt on like a house you can
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  come and repossess or a car in the event that someone defaults. You're not
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  taking someone's milk and eggs and gasoling back. Credit cards are unsecured debts,
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  same with those buy now pay laters. And so as America's racking themselves up
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  here and putting themselves in a very difficult mathematical situation to pay off, I
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  think sit we are literally setting ourselves up right now for a very fragile moment.
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  And I hope that especially those that are nearing or entering retirement, recognize
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  these challenges and can ultimately, you know, do the things right now today
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  to preserve whole little back take something off the table. How do we allocate
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  is really the question today, And I think what God us here is not
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  necessarily what's going to lead us forward. I could not agree with you more
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  here. So it's the bitcoin, gol what else we got here? A
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  big fan of US oil. Now, obviously with any of these, we
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  need to get some regulatory changes in DC, you know, so the White
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  House, d C, et cetera. The regulators, we need them to
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  be on board with you know, mining and and and going for oil.
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  So I'm bullish on US oil. We do it cleaner and safer than anyone
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  else in the world. Not cheaper, but cleaner and safer. We prioritize
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  those things here in the Western world, and so I think that that's important
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  to understand. In fact, I think the US says enough oil for all
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  of us and natural gas even for the NATO, we just need refineries.
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  And so if we can get back to more supply side economics, they're going
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  to help to build us and bolster our nation. That's really our ticket,
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  I believe, to get out of this recessive direction that we're in right now.
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  But we also need to get the monetary policy together, and we need
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  to we need to balance a budget. So this is going to come down
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  to us demanding Congress in our elected officials to actually represent us and our best
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  interests in our children's future and say, you know what, we can just
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  print into this thing. Because if we keep printing like this and keep going
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  down this road, I fear that we end up in something called stagflation,
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  which is when we've got a stagnant economy inflation accelerating. This is the worst
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  case scenario, and it would definitely result in another lost decade. If that's
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  the case and many people's retirements as well as their fortunes far underwater from from
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  where they see their levels here today. All right, well, hey,
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  thanks for that jolt of happiness optimism here David, David, we want to
• 15:33
  connect with you on the web, want to find out. Yeah, you
• 15:37
  the best place to find you in these days, sure, so fed bubble
• 15:41
  dot dot com. So I believe that the feeder reserve is the cause of
• 15:46
  this recession. I think that we need to name the cause of the recession.
• 15:50
  You know what's going on here, So the feeder reserve bubble. So
• 15:54
  fed bubble dot com. I get to speak on an opportunity to go on,
• 15:56
  get to know us a little bit in some of our thesis and some
• 15:58
  understand. But people are interested in second opinions, different ideas. I'd love
• 16:03
  to be able to share some of those thoughts. And we're building out a
• 16:06
  lot more here in our video resource library as well. So exciting things to
• 16:11
  do. All right, Hey, got a question for David myself kl at
• 16:15
  Carrie LUTs dot com. Shoot me an email and the link to david site
• 16:21
  fedbubble dot com can be found in the show notes to this interview on financial
• 16:25
  Survival Network dot com. While you're there, please sign up for your free
• 16:29
  newsletter David always a pleasure, Thanks for stopping by. Hey, appreciate you.
• 16:33
  Carrie pleasures mine, Thank you. Thanks for listening to Carrie Letz's Financial
• 16:37
  Survival Network, your solution to today's trying times. For the latest, go
• 16:42
  to Financial Survivalnetwork dot com. Financial Survival Network now more than ever,