Latest / Simply Bitcoin / Economic Warfare Unleashed at Davos 2026 | Bitcoin vs The Banking System | Bitcoin Simply

Transcript

Economic Warfare Unleashed at Davos 2026 | Bitcoin vs The Banking System | Bitcoin Simply · Simply Bitcoin

• 0:00
  What's up everybody? This is Dante Cook from Bitcoin
• 0:02
  simply. And because today is Friday, I
• 0:03
  know that y'all got stuff to do. So we're going to get right into
• 0:06
  the episode with some themes from the main event, the World
• 0:08
  Economic Forum from Davos in 2026.
• 0:11
  Huge news coming out, like the public acknowledgement that the
• 0:14
  globalist agenda for the past 40 years hasn't worked.
• 0:16
  German Chancellor Frederick Merz called the EU a complete
• 0:20
  failure. The next biggest story we have
• 0:22
  Tim Olyphant AKA Hitman, AKA Brian Armstrong laying the
• 0:25
  smackdown on central bankers and bankers from all across the
• 0:28
  world. He was not only Bitcoin's
• 0:30
  biggest advocate in Davos, but he also educated the world on
• 0:33
  what banks actually do with their money.
• 0:35
  Lend it out without their permission.
• 0:37
  Not on my bingo card. We've got people like Ken
• 0:39
  Griffin from Citadel and Jamie Dimon calling out the government
• 0:42
  for a fraud. We found the world's greatest
• 0:44
  comedian. Gavin Newsom called Donald Trump
• 0:46
  AT Rex and Scott Bessett replied by calling him a bronchosaurus.
• 0:50
  You can't make this up #1 let's get to the comedy first.
• 0:54
  Gavin Newsom calling Donald Trump AT Rex and calling out
• 0:57
  world leader saying he had to buy knee pads because they were
• 1:00
  were embarrassing. Just I can't take this
• 1:02
  complicity, people rolling over. I should have brought up a bunch
• 1:07
  of knee pads for all the world leaders.
• 1:09
  I mean, handing out crowns and handing, I mean, this is
• 1:12
  pathetic. Nobel prizes, they are being
• 1:14
  given away. I mean, it's just pathetic and
• 1:18
  and I hope people understand how pathetic they look and the world
• 1:22
  stage, I mean, at least from an American perspective, it's
• 1:25
  embarrassing Europeans. Think this is diplomacy and
• 1:28
  this? Will this is diplomacy with
• 1:30
  Donald Trump? That's crazy to call out the
• 1:32
  president from your own country on foreign soil, but Scott
• 1:35
  Bessett wasn't having it. Throughout Davos 2026, Scott
• 1:38
  Bessett showed why he is not only the most competent
• 1:40
  Secretary of Treasury we've ever had, but he's also the funniest.
• 1:44
  He not only clapped back at Gavin Newsom calling him a
• 1:46
  Bronchosaurus, but he also said that the food in Davos sucks and
• 1:50
  he's bringing Pop Tarts next year.
• 1:52
  Well. I I thought Kamala Harris was
• 1:54
  probably the biggest economical literate from California, but I
• 1:57
  think that that's something he's number one in.
• 2:00
  And I didn't really understand this comparison to T Rex, that T
• 2:06
  Rex is a Folsom fighter. But I, I would say I would
• 2:11
  compare Governor Newsom probably to a brontosaurus, just a big
• 2:15
  lumbering beast with a brain the size of a walnut.
• 2:20
  I mean, so he T Rex versus Brontosaurus, We know who used
• 2:23
  to win that fight. That I, I, I think we've got
• 2:26
  65,000,000 years of history on that one.
• 2:28
  Carnivore versus herbivore. It's pretty pretty much how it
• 2:31
  goes and and and around and and certainly they don't like
• 2:34
  carnivores here in Davos with the with the food here.
• 2:36
  You're not a huge. Fan of the food here.
• 2:37
  I heard by the way you. Know I, I no and no.
• 2:41
  I you know, I, I, I, I know. If you remember a couple years
• 2:44
  ago, one of the recommendations from the the the Davos elite was
• 2:49
  we could all be eating bugs and insect.
• 2:51
  Yeah, the insect food. Yeah, I.
• 2:53
  Tell you after after a couple of days of the food here, I I may
• 2:56
  switch to to bugs and insects. You.
• 2:59
  Take the insect food, yeah. Or unless that's what it is.
• 3:01
  Or. Or I'm telling.
• 3:02
  You I'm I'm. Going to bring some pop.
• 3:03
  Tarts next. Trust me, I've been watching
• 3:06
  every story from every angle, like Cignetti this week.
• 3:09
  And look, these are the big stories when it comes to the
• 3:12
  economic policies and the big shifts that are happening in the
• 3:14
  macrofinance world. That happened in Davos this
• 3:17
  week. Government spending is being
• 3:19
  called out by the rank and file soldiers who used to be in line,
• 3:23
  like Ken Griffin from Citadel and Jamie Dimon saying that the
• 3:26
  government spending is out of control.
• 3:28
  The the area of recklessness is the is the spending of
• 3:35
  governments around the world who are all, with with little
• 3:39
  exception, all spending well beyond their means.
• 3:42
  That's the recklessness of this moment in history.
• 3:45
  This is not a parallel to the 1920s in terms of the
• 3:49
  recklessness of the of the private capital markets.
• 3:52
  It's a story of the recklessness of government spending.
• 3:55
  Something I never thought being on my bingo card.
• 3:57
  Jamie Dimon calling out fraud publicly.
• 4:00
  I don't know anyone, OK, And you guys in the room, you want to be
• 4:03
  Democrats, Republicans who thinks the spending that that
• 4:06
  sending another trillion dollars to Washington DC will actually
• 4:09
  improve anything. So when you say raise taxes, I
• 4:13
  if you said raise taxes and directly give it to the people
• 4:16
  who need it, do it. No, we are running out of time.
• 4:22
  All these interest groups, you know, they give it to their
• 4:24
  friends and all that. And which is why, which is why
• 4:26
  the people are considered a swamp.
• 4:28
  It it's kind of a swamp. You know, the 17,000 lobbying
• 4:31
  groups. But bank companies are guilty
• 4:33
  too. They're just fighting for their
• 4:34
  one self-interest as opposed to what's good for my country.
• 4:37
  But you know, that's what happens in Congress.
• 4:39
  You know, and you see these how these bills get spent.
• 4:42
  Like the CHIPS Act was a good idea until, you know, it was it
• 4:46
  was had to be a union. It plays base childcare,
• 4:49
  diapers. You know what?
• 4:50
  What the hell are we doing? And then and we do it over and
• 4:54
  over. What the hell are we doing?
• 4:55
  We're doing the same things over and over and over again.
• 4:59
  No dud, Jamie, you haven't subscribed to the channel and
• 5:01
  you don't clearly understand what goes on with Fiat
• 5:04
  currencies all across the globe. People that are closest to the
• 5:06
  money Pinner, people that have the ability to print money
• 5:09
  without accountability are going to cheat.
• 5:11
  They're going to bend the rules to their favor.
• 5:13
  They're going to find a way to manipulate the system, pay off
• 5:16
  their friends with bribes and other sorts of things, and it's
• 5:18
  going to hurt the lower and middle class.
• 5:21
  It happens every single time, and This is why Brian Armstrong,
• 5:24
  AKA Timothy Olyphant AKA The Hitman, is laying the smack down
• 5:29
  on this conversation between Bitcoin in an open system, which
• 5:32
  he calls a level playing field against the banks, and why it's
• 5:35
  completely necessary. Here are two of the most
• 5:37
  important clips from Davos this week #1 Jamie Dimon saying
• 5:41
  exactly why Bitcoin is not something new, or the crypto
• 5:44
  industry is not something new. It's just actually doing the
• 5:47
  things that the existing banking system is already done with more
• 5:50
  rules, more safety and more balance.
• 5:52
  The banks argue effectively that the stable coin market is going
• 5:56
  to force massive withdrawals that are going to come out of
• 5:59
  the banks, that it is not an efficient system for credit in
• 6:03
  America effectively because the treasuries that are going to be
• 6:06
  required to back the stable coins are not going to be used
• 6:08
  in the same way. I mean, there are arguments that
• 6:12
  I think have some validity from the banking system beyond what
• 6:16
  you think ultimately happens to the banking system and how much
• 6:18
  you care about the strength or not of it.
• 6:20
  Yeah. Well, there is certainly a
• 6:22
  balance of where should this capital go?
• 6:24
  I mean, it can go to lending, which is important.
• 6:26
  It can also go to buying U.S. Treasuries, which is also
• 6:28
  important. And I think that it's
• 6:30
  essentially going to come down to where can people earn return
• 6:33
  for the appropriate amount of risk, right?
• 6:35
  If the Fed lowers interest rates, that would push more
• 6:38
  people to seeking higher returns from a lending product, right?
• 6:40
  If they raise interest rates, it's going to keep more money at
• 6:42
  the Fed. And that's frankly what a lot of
• 6:44
  banks are doing. They're holding trillions of
• 6:46
  dollars at the Fed also that's not being lent out.
• 6:48
  And so I think what we have to realize here is that crypto can
• 6:51
  provide solutions like rewards and stable coins.
• 6:53
  It can also build lending products like Defy.
• 6:55
  Lending is growing enormously. Banks can provide that also.
• 6:59
  And so we should have a level playing field where everyone can
• 7:01
  compete, clear rules, and everyone can win.
• 7:04
  Should you have a level regulatory framework as well?
• 7:06
  Should you be regulated the very same way the banks are, if
• 7:09
  that's the the plan? Well, the banks are doing
• 7:11
  something very different, which is called, you know, fractional
• 7:14
  reserve lending. So they're actually lending out
• 7:16
  customer deposits without their permission essentially right to,
• 7:20
  you know, earn the spread. And that's what the whole
• 7:22
  banking, that's why there's such heavy oversight from banking and
• 7:24
  what you're planning on doing. So under.
• 7:27
  Well, under, yeah. So under, genius, stablecoin
• 7:30
  issuers have to hold 100% reserve.
• 7:31
  It's not fraction reserve. 100% of the assets are in short term
• 7:34
  U.S. Treasuries.
• 7:35
  It's very low risk. It's less.
• 7:37
  The D5. Lending would be coming from
• 7:39
  what money that's customers opting in into it and they can
• 7:43
  say, all right, I actually want to earn more, so I'm going to
• 7:46
  put my money into this D5 protocol and I can get 6 or 7 or
• 7:48
  10% return for some appropriate amount of risk.
• 7:51
  So it's customers opting into it as opposed to banks doing it.
• 7:55
  The banks lend out your money without your permission.
• 7:58
  That's how they make money. It's called fractional reserve
• 8:00
  banking, where the deposits that you deposit at the bank aren't
• 8:03
  actually there. They get lent out overnight.
• 8:04
  Eric Trump actually reiterates this note and shows why Bitcoin
• 8:08
  is going to be a superior system I.
• 8:10
  Mean the the big banks have been an absolute monopoly of our
• 8:13
  financial system for for years. You and I have joked about it
• 8:15
  1000 times. You know, why can't you send a
• 8:17
  wire transfer past 5:00 on a on a Friday afternoon?
• 8:19
  You know why? Because the big banks would love
• 8:21
  to take, you know, hundreds of billions of dollars and have it
• 8:23
  sit there and clip interest off over the course of a long
• 8:26
  weekend. You know, as opposed to Len, you
• 8:28
  just efficiently move that money using modern day technology, you
• 8:31
  know, and having a separate wallet 2 seconds later.
• 8:33
  They, they want to be able to use their money, they want to be
• 8:35
  able to arbitrage your money. And so, you know, the big banks
• 8:37
  are doing everything they can to stop some of the crypto
• 8:39
  legislation for obvious reasons. Why?
• 8:41
  But not only is Bitcoin going to become a threat to the banks,
• 8:45
  it's going to become a threat to the ultimate boss, the central
• 8:47
  banks. But before we get to that, we're
• 8:49
  going to go to our sponsors. Letting has been the leader in
• 8:51
  Bitcoin back alone since 2018, issuing over 10 billion dollars
• 8:55
  worth of loans to people who want to borrow against their
• 8:57
  Bitcoin without selling their Bitcoin.
• 8:59
  They've done this for 10s of thousands of customers and never
• 9:01
  lost a single cent or set of customer money.
• 9:03
  You can borrow against your Bitcoin stack in as few as six
• 9:06
  hours with a 2 minute application.
• 9:08
  There's no credit checks and the lending rate start at 12.4%,
• 9:11
  which is about half of what you would get with a credit card
• 9:14
  with no credit checks that you can pay off at any time.
• 9:16
  Go to learn dot LED N dot AO slash simply to get started
• 9:19
  today. One of the ways you can be on
• 9:20
  the winning side of banks versus Bitcoin is by not trusting the
• 9:24
  banks with your Bitcoin. Schedule a free 30 minute
• 9:26
  consultation with the team at The Bitcoin Way and they'll help
• 9:29
  you remove your Bitcoin from exchanges.
• 9:31
  Set up your own node. Set it up privately so that you
• 9:34
  could become sovereign over your own wealth and not have banks
• 9:36
  say what you can and can't do with your money.
• 9:38
  Schedule a free 30 minute meeting with their team at the
• 9:40
  bitcoinway.com/simply Bitcoin Governor.
• 9:43
  You have to address this. Is the Euro in danger from a
• 9:45
  Bitcoin standard? No, I'm a bit skeptical, Brian,
• 9:49
  sorry to say it about this idea of the Bitcoin standard.
• 9:54
  We left the gold standard, but the gold was only a technical
• 9:58
  mean. What is important is what you
• 10:00
  say, but that monetary policy and money is part of sovereignty
• 10:05
  and we live in democracies and I think the public role is key.
• 10:11
  And if we lose that, we lose a key function of democracy.
• 10:17
  That said, I always keep repeating that money, as long as
• 10:23
  it exists, for centuries has been a public private
• 10:26
  partnership. You need a public anchor,
• 10:28
  whatever its form is. Remember in silver and gold were
• 10:32
  sovereign assets, so it was on the public side.
• 10:36
  And then you had banknotes and you will have CBDC.
• 10:39
  But anyway, the most important part of payments is in the
• 10:44
  private sphere, and this is a development of tokenized private
• 10:48
  money. But this tokenized private money
• 10:50
  must be regulated to inspire trust, confidence.
• 10:54
  It's fascinating that you say that, Brian.
• 10:56
  You mentioned a complimentary role that you could play.
• 10:59
  So I think that crypto is very good for Fiat currencies.
• 11:03
  It's very good. Bitcoin is like good as a check
• 11:06
  and balance on deficit spending because when there is a lack of
• 11:09
  trust or people, you know, from like in AUS context that people
• 11:12
  are worried about inflation or maybe in places like Argentina
• 11:15
  or Turkey or Nigeria, they are going to flee to the thing that
• 11:18
  they believe is going to store value more.
• 11:21
  So I think in general, it's going to be very complimentary.
• 11:25
  And like you said, I think it comes down to trust.
• 11:27
  And so if, if Fiat currencies can maintain trust and not have,
• 11:32
  you know, the money printer kind of debasing everybody, then
• 11:37
  they'll survive. But if they countries that you
• 11:40
  know have bad behaviour on that dimension, Bitcoin doesn't have
• 11:43
  a money printer. The the supply is fixed and
• 11:45
  people will go to it in times of uncertainty.
• 11:48
  Kind of like they did with gold. The the guarantee for trust is
• 11:51
  independence on central bank side and we have a common date
• 11:55
  and we are accountable to that. But sorry to say that I trust
• 11:58
  more independent central banks with a democratic mandate than
• 12:02
  private issuers of Bitcoin. Which have.
• 12:06
  A very useful role, but. Bitcoin is a decentralized
• 12:09
  protocol. There's actually no issuer of
• 12:11
  it. So that's that's in the sense
• 12:13
  that central banks have independence.
• 12:15
  Bitcoin is even more independent.
• 12:16
  There's no country or company or individual who controls it in
• 12:19
  the world. And so anyway, I, I think it's a
• 12:21
  healthy competition because, because if people can decide
• 12:26
  which one they trust more and it, I think it's actually the
• 12:29
  greatest accountability mechanism on deficit spending.
• 12:32
  Bitcoin is independent money, and This is why it will continue
• 12:35
  to be a threat to the central banks.
• 12:37
  This conversation between a central banker who, not
• 12:40
  surprisingly, recommends that they need to have a CBDC versus
• 12:43
  Bitcoin, which he claims has an issuer but really doesn't,
• 12:46
  doesn't. Unlike Fiat currency, there's no
• 12:48
  money printer, right? So the the supply of it is
• 12:52
  fixed, it's finite. And so as more people integrate
• 12:55
  crypto and use crypto, there's more demand and finite supply.
• 12:58
  That only means the price can go up.
• 12:59
  That's why I said by 20-30 I think it could hit a million.
• 13:02
  Dollars, It highlights the fact that the whole entire system
• 13:04
  right now, the proposed system that hasn't worked, what Jamie
• 13:08
  Dimon said, what the hell is going on?
• 13:09
  This happens over and over again is clearly not the right way for
• 13:12
  us to move forward. There are booms in there, a bus,
• 13:15
  because the people that were supposed to trust, well, they
• 13:17
  break our trust by manipulating the money everywhere that we go.
• 13:21
  And that's why people need to turn to an independent central
• 13:23
  bank called Bitcoin. There's going to be banknotes
• 13:26
  and other types of currencies issued on top of it.
• 13:28
  But we need a fair system that can operate globally that we can
• 13:31
  all leverage, that we can all put our trust into.
• 13:34
  And the reason why Bitcoin is going to win out in the end, as
• 13:36
  Brian Armstrong says, our new hitman, and it's going to be
• 13:39
  $1,000,000 a coin, it's because there's a fixed supply and we
• 13:43
  can trust in that fact. Bitcoin is not only taking on
• 13:45
  the banks, but the central banks.
• 13:47
  And this level playing field is a threat to the current
• 13:50
  financial system, which is breaking right in front of our
• 13:53
  eyes. We've got infighting inside of
• 13:55
  America. We've got America fighting
• 13:57
  versus Europe and the failed globalist agenda.
• 13:59
  We've got government spending getting called out for its
• 14:01
  recklessness. And we have central bankers
• 14:03
  holding on to a system that doesn't work and clearly is
• 14:06
  wrong every single time. This is the recipe for a new
• 14:09
  system and a new currency. The question is, are you
• 14:12
  investing into the future, or do you think the next 50 years is
• 14:15
  going to look like the past 50 years?
• 14:16
  One of the ways you can bet on the future not looking like the
• 14:19
  past is by mining Bitcoin the way that yeah, you can create
• 14:22
  money out of thin air. Oh no, you can't.
• 14:24
  You need energy. You can work with a company like
• 14:26
  SAS mining who will operate a Bitcoin mining machine which
• 14:30
  uses 100% carbon free renewable energy sources to power your
• 14:34
  Bitcoin stack. SAS will flow directly to your
• 14:36
  wallet. They host the machines, they
• 14:38
  host the equipment. When stuff breaks or stuff needs
• 14:40
  to be fixed, you don't get a call.
• 14:42
  They just do it. SAS flow directly to your wallet
• 14:45
  to help you become a sovereign individual.
• 14:46
  I hope this episode was entertaining and I hope this was
• 14:49
  valuable. And as always, if you like the
• 14:51
  channel, please do subscribe. This is Dante Coke with Bitcoin.
• 14:54
  Simply happy stacking.