Latest / Simply Bitcoin / JANET YELLEN: Banking System in Trouble | EP 742

Transcript

JANET YELLEN: Banking System in Trouble | EP 742 · Simply Bitcoin

0:25
Good morning, everybody. Today is Tuesday.
0:28
May 23rd, 2023. Welcome to simple Bitcoin.
0:32
As you can tell, it's your boy Opti, I am taking over for the
0:34
hosting duties for the rest of the week, but we are still your
0:38
number one source for the peaceful Bitcoin Revolution, we
0:41
cover breaking news culture and memetic warfare.
0:43
We bring on bitcoin is from all around the world from the
0:46
biggest names to the everyday Bitcoin.
0:48
ER, we got them all and we will be your guide through the
0:51
separation of money. And state.
0:54
And we got a good show for you guys.
0:56
And I actually a very awesome clip.
0:59
Shout-out to our boys out there that showed us that are
1:04
spreading the Bitcoin signal to groups outside of Bitcoin.
1:08
Because something is becoming very clear to me, especially to
1:12
you guys. I know you guys see it, but the
1:14
world is feeling the pain, and the Bitcoin signal is spreading
1:17
everywhere. And as you guys can see on the
1:19
thumbnail on the title, even the bankers are saying it.
1:22
You know, Janet Yellen said, The quiet part out loud.
1:24
Banks are in turmoil, more bank consolidations and the u.s. made
1:28
default. Again it's almost like
1:31
bitcoiners have been saying this for a long time so as we move
1:35
away from this unipolar world one thing's for sure the world
1:40
is in transition. So it's important for you guys
1:43
out there, the individual to get yourself to the best version
1:46
possible, get yourself, right first and then everything else
1:51
will follow. I actually had a conversation at
1:53
at Miami and, you know, I always say, you know what, it's like,
1:57
it's like when you're in a plane, like, put the oxygen mask
2:00
on First, and my friends, like, no, you know what?
2:02
It's really like. We are just a stewardess
2:05
explaining to everyone how to get the oxygen, a mask on.
2:08
And I was like, oh my goodness, this is the best way to explain
2:12
it, but it's important, you fix yourself first, before you point
2:16
fingers as the saying goes, when you point your finger, there's
2:19
four pointing back at you and only in this way will Monetary
2:24
Revolution happened and the mainstream Consciousness.
2:27
Wake up to what we know to be the truth.
2:30
I believe we all know what the problems are but people still do
2:34
not know what the solution is. So do not wait for the experts.
2:38
Problems are plain as day and we have the solution and it is
2:42
simply Bitcoin. And of course, I am not here
2:44
alone and I know you guys are actually, I've been waiting for
2:48
this moment for a minute. I know you guys have been
2:50
hitting me in the chat. When is our boy Rustin coming
2:53
back? Back.
2:54
Well guess what everyone. Our boy Ruston is back in the
2:57
building. Let's go.
2:59
Oh yeah bro man doing good, what's good everybody?
3:04
Happy to be back. Got a lot of big news D
3:07
dollarization. It's like it's like the pretty
3:12
sure bit Corners said something about the impending collapse of
3:15
Fiat and its destructive nature but we'll be getting to that a
3:19
lot of good. Lot of big things bricks.
3:22
A little bit of Janet if you've been missing her kind of
3:25
resembles a penguin, but she's got some good stuff coming your
3:29
way, another free and you know, very successful advertisement
3:35
for the bright orange future. Well, I always say best the
3:40
institutions, the central planners they are the best
3:43
marketers, you know? We try.
3:44
We do our best but I think they do our job better.
3:49
Alright, anyways, let's get into the numbers, guys.
3:51
We got To talk about. The Bitcoin numbers brought to
3:58
you by novel. At this point, you should be
4:00
running your own Bitcoin note. If you don't use your own
4:03
Bitcoin node, you're trusting someone else's run your own
4:06
version of Bitcoin core. The lightning Network,
4:08
whirlpool, and Dojo all from the comfort of your own home.
4:12
And if your digital Nomad, you have absolutely no excuse
4:15
because now you can run a novel through a virtual private
4:18
server. Visit not L.E you today.
4:21
All right guys, before we get into the numbers though, Let's
4:25
talk about Bitcoin conference 2024 Nashville, July 25th to
4:28
27th. Get there guys.
4:30
I know a lot of people talk about how expensive the tickets
4:33
get but hey if you get them now they are on sale and you can use
4:38
the promo code simply to get a 10% discount.
4:42
We will be hanging out of Nashville.
4:44
I haven't got to Nashville yet and I'm excited to go hang out
4:46
with all my friends that live down there.
4:48
So I hope to see you guys next year.
4:51
I had a blast. It's always fun to hang out with
4:54
fellow. Psychopathic lunatic bitcoiners
4:56
that we all are and just get the Vive recharge your batteries.
5:01
So we'll see you July 25th 27th in Nashville.
5:05
Anyways, let's get into the numbers, guys.
5:08
As you guys know, I'm over here on Clark modi's dashboard and I
5:12
have different numbers and Niko's but I pick my favorites.
5:14
As you can tell the block height is at seven hundred ninety one
5:18
thousand and sixty nine. Seven, nine 10 69 and the Moscow
5:23
time AKA May the says per dollar is currently at three thousand
5:26
six hundred and sixty-five cents per dollar, AKA how much Bitcoin
5:30
you can buy for a dollar, you know, I saw over the weekend
5:33
that we did had 4K and I had my heart in that moment, I've been
5:36
telling you guys, we will never see 4K again.
5:38
Well, I guess I was wrong. Anyways, the current price of
5:40
Bitcoin is twenty seven thousand two hundred and ninety dollars
5:43
per Bitcoin. And the percentage issued is
5:47
ninety two point two nine percent of all Bitcoins ever
5:51
created. It's almost All distributed out
5:56
there. Anyways, the market cap of
5:57
Bitcoin currently has five hundred.
5:58
Twenty eight point eight billion.
6:00
The realized monetary inflation is currently at one point seven
6:04
five percent as Nika. Always says, Bitcoin taken Fiat
6:08
currencies to school and my favorite number.
6:10
And this number has actually been fluctuating downwards,
6:12
which I don't know if that means that the gold market cap is
6:15
going up because the Bitcoin market caps been pretty stable.
6:18
But anyways, the Bitcoin Birds gold market cap is at three
6:21
point. Nine, nine percent only 4% of Of
6:24
the gold market cap and let's get him to the lightning.
6:27
That were to Total capacity is 5300 37.86 BTC.
6:32
In public channels of the lightning Network which means
6:35
the total value is a hundred forty, five point seven million,
6:38
the public reachable Bitcoin nodes is seventeen thousand and
6:41
ninety six and the hash rate, the last 90 days is three
6:44
hundred and thirty nine point, three x, a hashes, and the
6:47
estimated difficulty adjustment coming up, is 1.2 percent.
6:51
And I know everyone is still watching the men.
6:54
Go out there because it did get a little crazy, but it seems to
6:59
be clearing up. Will we see one set fees again?
7:02
I don't know, but it's pretty normal now.
7:05
It's get, it's getting reasonable out there.
7:07
Anyways, we have 95 blocks to clear and the pending fees is 14
7:11
.39. BTC.
7:15
All right guys. This one is very special.
7:18
On this numbers. We got tagged on Twitter
7:21
yesterday that a pleb About there.
7:25
One of you guys, one of the listeners out there made a call
7:29
in on Infowars. Now, say what you want about
7:32
Alex Jones about Infowars, but this is something that we've
7:35
been talking about for a while. It's the idea of getting the
7:40
Bitcoin signal out there and it's about getting everything
7:46
that we talked about into the mainstream Consciousness, and
7:50
sometimes it's reaching out to normal or maybe.
7:54
Not so normal audiences and getting the Bitcoin signal out.
8:00
And I just absolutely want to thank everyone out there.
8:03
That is continuing to do this but there is a very real point
8:08
of this. I'm not going to play the whole
8:09
clip it was on yesterday's episode.
8:11
It's about a seven minute clip but it's very interesting to see
8:16
Owen talk about the problems but really do some mental gymnastics
8:21
when succumbs to the solutions and I say it all the time we
8:23
know what the problems. Tsar but very few people are
8:26
talking about the solutions, and we know what the solution is,
8:30
it's simply Bitcoin. So let's get into this topic or
8:33
this little clip real quick. Again, guys, I tried to clip
8:39
this out for you, but for some reason my software wasn't
8:41
working. So it was, it was acting weird.
8:44
So I'm just going to play the clip for you guys and we'll be
8:46
right back in one second to the phone lines and let's go to Todd
8:51
in North Carolina. Todd, you're on the air, go
8:53
ahead. All right, Alan wanted to ask
8:57
you if you know about the event that RF K Jr.
9:01
Vivek River Swami Cynthia, lummis and Tulsi gabbard also
9:09
had this weekend. I don't believe so no.
9:16
It was the Bitcoin conference 2023 in Miami.
9:21
Okay, I saw that Bitcoin conference.
9:23
I didn't know there's spoke at it.
9:26
Yeah, it's pretty interesting RFK jr.
9:29
Brought up what made him a bit corner and that was the trucker
9:34
Convoy in Canada and how their funds were cut off.
9:38
And he proposed that if they their money had been in Bitcoin
9:45
then Ana de Trudeau, couldn't have touched them.
9:48
So, it's this idea that Bitcoin with which I didn't quite get
9:53
until I started listening to a podcast called simply Bitcoin,
9:57
but they're their motto for Bitcoin is Bitcoin as a
10:00
separation of state and money. And I'd love to hear you guys
10:05
interview. The host Nico and I see they're
10:10
both from the southern hemisphere Nico.
10:14
He's from Venezuela. And after he's from Mexico and
10:19
they really see Bitcoin as not going to uplift, the global
10:24
South Africa, all the unbanked nations of the world countries
10:31
like Lebanon. You know that?
10:33
Yeah, sure. So let me just stop you right
10:34
there. Here's the challenge, here's the
10:37
challenge about Bitcoin or any other cryptocurrency is that You
10:43
have to find a way. So that the transaction economy
10:50
can run off of it. So in other words, in order for
10:54
the Bitcoin dream to really work, this is my opinion.
10:57
I'm not the biggest crypto Guy. This is just how I view it.
10:59
So crypto people listening to this, maybe maybe like, you
11:02
know, getting nauseous over my coverage here, but the whole
11:06
goal needs to be can I go out to lunch and purchase my meal in
11:14
Bitcoin? Can I My electric bill in
11:17
Bitcoin. Can I make real world
11:21
transactions in Bitcoin? Because, to me, the whole
11:25
cryptocurrency thing is basically, like a glorified
11:28
crypto stock market at this point and, and not a true
11:31
transactional currency now. Okay, guys, I highly recommend
11:37
you guys go watch. This is from yesterday's clip
11:39
yesterday's show over there. He goes on about seven minutes
11:43
about you know, that the government is going to make it
11:45
illegal. Eagle that we need a circular
11:47
economy that you know, people are waking up to the idea of
11:51
Bitcoin. And it's just very interesting
11:54
because by the end of his little rant and he went on for a while
11:58
and shout out to them you know. Again, not everyone has the time
12:02
to fully dissect the Bitcoin signal to to put in the time
12:05
that we did. There is one point that I did
12:08
agree. It's what I played right there
12:10
in the beginning. I fully agree in the idea.
12:13
Yes you know the circular economy.
12:15
A Bitcoin is Important. And this is why I tell you guys
12:17
all the time as a Bitcoin. ER, if you are able to provide
12:21
your services or products for Bitcoin, definitely offer that
12:25
because the more people hold Bitcoin, the more the economy
12:29
grows, the more people want Bitcoin, the more that you can
12:32
get Bitcoin into people's hands and this is very important but
12:37
it got very interesting that he started to talk about oh you
12:40
know people aren't using it at stores and so therefore it's not
12:43
a real currency or maybe the government's going to make it a
12:45
little Eagle. He even went so far as to say
12:48
that maybe we are going to have some threats on our lives and
12:52
all this stuff and I was sitting there the whole time.
12:55
Like I think we talked about this all the time.
12:58
This is the separation of money and state and we are very well.
13:01
Well aware of all of this stuff happening and furthermore, if
13:06
they made illegal, you can't ban Bitcoin.
13:09
You can only ban yourself from Bitcoin.
13:10
So obviously, he is going through the motions and trying
13:14
to understand Bitcoin. But it's one of the things that
13:17
I talked about as much as possible.
13:19
I think we know what the problems are and very few people
13:22
know what the solution is, but by the end of this seven-minute
13:25
ramp by Owen. It becomes very clear that he
13:29
kind of inadvertently. Start Shilling Bitcoin.
13:32
It's like oh wait, we need a currency.
13:34
That no one can control. That's outside of this.
13:36
The state the separation of money and state.
13:39
I don't know what it is. Maybe it's Bitcoin.
13:41
Maybe it's a shit coin, I don't know.
13:43
But you know what are we going to do?
13:45
The government's going to find us?
13:46
They're going to hate us. You know, they need to get their
13:49
cut from it and we're just here sitting like yeah, Bitcoin will
13:53
fundamentally change the power of the power.
13:56
Amex that go on in Washington. This is a feature.
13:59
Not a bug. So, hey, shouts out to you,
14:01
Todd. You're a legend.
14:03
I talk to you this morning on our telegram group and honestly
14:08
I'm just humbled and blown away that that what we're doing here
14:12
is spreading out into other avenues into other media.
14:15
Because this is the most important thing that we can be
14:18
doing is talking about Bitcoin in spheres of influences.
14:22
That are like ours, people have interest just like us.
14:26
And we need to wake more people up to the idea that Bitcoin
14:31
fixes this and doing it in the best way possible.
14:34
So man, honestly, it's just blown away.
14:36
Nico and I were really blown away by this yesterday, so
14:39
absolutely awesome. Really appreciate it.
14:41
Anyways Rustin I don't think, I don't think you saw the full
14:44
clip where I'm going to recommend everyone.
14:47
Go see the whole clip and you'll see exactly the mental
14:50
gymnastics but rest in, what's your takeaway from this?
14:54
I thought that was pretty incredible as a kid, going
14:57
through journalism early in school, things like that.
15:00
I was always kind of out there, crazy libertarian guy but I
15:04
followed a lot of info wars back in the day.
15:06
You know, when you go back to Alex Jones, whether you like him
15:08
or not, he is, you know, pulled the card, many a times and been
15:13
right more times than wrong. It seems.
15:15
But, you know, going back to him going into Bohemian Grove and
15:19
all these different things, actual investigative journalism.
15:23
And to get shouted out on there, that is pretty awesome.
15:27
And I think at least that guy's going to go watch our F K's
15:30
speech. Now, like, at minimum and then
15:33
he's gonna learn more. Like he obviously doesn't know
15:36
about the lightning Network and almost free instant payments
15:41
anywhere in the globe, or that strike, just became available to
15:44
three billion people. So that's 3 billion people now
15:47
can use lightning for payment all over the planet, huge
15:51
things, a lot of signal. And it really cool to see that
15:54
happen and it just means you know, we're on the right track,
15:57
we just got to keep plugging in and keep delivering this message
16:01
of positivity hope and prosperity.
16:04
We are over the target Rustin and it's good.
16:09
It's just awesome to be a part of.
16:12
But anyways, before we get into the news because Rustin is back
16:16
and we're going to get some awesome, awesome rest and takes
16:19
today, I want to tell you guys about bit block, boom.
16:22
This is the next conference that I'm going to be at and I hope to
16:25
see you guys. This is a true Bitcoin Maxi
16:27
conference. It's going to be an August 24th.
16:30
Do the 27th in Austin, Texas, I really hope you guys go hang out
16:35
there. This is literally the conference
16:37
that I first met Nico in person and then I got a job the next
16:42
year at Bitcoin conference. So you want to come hang out
16:45
with all the toxic Maxis. All of your friends, all of your
16:48
favorite bitcoiners are going to be there and you can get a
16:51
discount code on bit. Boom.com.
16:54
Using the promo code simply Bitcoin.
16:57
Anyways, let's get into this Ruston.
16:59
I hope you are ready for your debut back on the show bro.
17:04
I'm excited for this. Oh it's been a minute.
17:07
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Let's get it. Let's get it.
17:55
Getting it started guys. All right, so big news out of
17:59
Venezuela, Global shift away from US.
18:01
Dollar is now. Inevitable says Venezuelan
18:05
president, Nicolas Maduro. So Maduro says African nations
18:09
are setting the tone they're adding to the process of the
18:12
inevitable D dollarization of the world, the more multipolar
18:16
the world is the more multicentric the world is as the
18:19
world moves further toward equilibrium, a basket of
18:22
currencies will appear many alternative and Initiatives to
18:25
the US dollar are emerging. We could see, we are beginning
18:28
to live, a sustained accelerated process of D, dollarization of
18:34
the commercial world and of World Trade.
18:37
And we've been hitting on this quite a bit.
18:40
I'm kind of thinking of the mandibles and how in that novel,
18:45
Russia and other countries. Like a bricks Union, adopt, an
18:48
alternative currency called the bank or and it's backed by hard
18:53
assets. It's kind of what Keynes was
18:55
getting at in his view of a world currency in the future,
18:59
but big moves coming and we've also seen the inflation numbers.
19:04
What's going on around the globe.
19:06
And this shift, a big shift is happening, macro wise, massive,
19:11
and we're talking about bricks, so let's just get to it. 13
19:15
countries. Formally request to join bricks
19:18
as an economic alliance against US dollar Supremacy.
19:22
So far, a number of countries, at least 13 from Africa, Latin
19:26
America and Asia have applied or formally approached.
19:29
The bricks leaders to become members This is positive news
19:34
for the block as it demonstrates, the confidence of
19:36
a global South and the leadership of our association.
19:41
Sue call says, bricks is reportedly considering the
19:43
launch of a Global Currency backed by gold is now
19:46
encouraging members to shift away from the US dollar.
19:50
Someone better let that guy know.
19:52
I think Bill Miller had this gold is just an inferior form of
19:56
Bitcoin. So you guys want to know when a
19:58
chick your numbers right there and just to add insult to
20:01
injury. So you got the world D Dollar
20:04
Rising. So what the IMF and other people
20:07
around the world want to do is after they print all this.
20:10
Money. They hope through their
20:12
predatory loans on other countries which they hold them
20:15
hostage through. Is they eat up some of that
20:17
inflation. So you're exporting your
20:19
inflation to third world countries and others while they
20:23
harvest your Cobalt or whatever it may be.
20:26
And what happens through D dollarization is now those extra
20:31
dollars have nowhere to go home and then we have, you know, why
20:35
Mar is coming? Like it could be on the cusp and
20:39
there's all these things. All these little pieces parts of
20:43
the puzzle that would bring about a type of
20:46
hyperinflationary event. They all seem to be unfolding
20:50
and everything. That was unfolding in the story.
20:53
The mandibles, it's kind of crazy, but let's get to Janet
20:57
Yellen and she says, more Bank mergers are likely amid the
21:00
industry turmoil. And here we go, according to the
21:04
treasury secretary, Janet Yellen reaffirmed, the strength and
21:08
soundness of the US banking system noting that That it
21:11
remains well capitalized with strong liquidity.
21:13
She noted that decisive Federal action taken by regulators and
21:17
the administration in March to protect depositors help to
21:20
strengthen public confidence in the banking system and mitigate
21:23
Financial contagion. I don't know who improved in
21:26
confidence but probably the normies but that's about it.
21:30
Although Yellen appears to be projecting the strength of the
21:33
banking system CNN, cite sources familiar that the treasury also
21:37
discussed the possibility of Bank mergers.
21:40
So, Someone T up YG big Bank. Take a little Bank, this is the
21:44
process and when they force these Banks, to acquire those
21:48
low interest bearing assets, after the 08 debacle and they,
21:53
they raise these rates, those all those smaller Banks than had
21:58
a high jump in unrealized losses.
22:01
Then once people started pulling their money out, they became
22:04
realized losses, very quick, and these things can move fast, you
22:08
can go back, you know, to 89 and other events of Bank runs and
22:13
these things just kind of take a life of their own and this is
22:17
more from yelling. It is highly likely that the
22:20
treasury will no longer be able to satisfy all of the
22:23
government's obligations if conquer it.
22:26
If Congress has not acted to raise or suspend the debt limit
22:30
by early June, but it's but we're also strong and resilient
22:35
so kind of, you know, kind of keep trying to go play it both
22:39
ways here. We know the truth.
22:40
Ruth Janet. We go win for daily huddle here.
22:48
Now this taking it a little further and you get into Capital
22:52
controls and things that happened in Weimar and other
22:55
nations when they were on the cusp.
22:58
Now hear this article from daily, huddle probability that
23:02
US Banks will restrict. Cash, withdrawals is rising like
23:06
Mercury and this is pretty interesting.
23:10
So if we went back a year ago, the probability you would have
23:13
signed that we would be almost zero, and I'm saying, that
23:16
probability like Mercury is rising, but why is it Rising
23:21
It's rising because we have experienced, I call it the FED
23:24
Folly. One can say, factually that this
23:27
fed hiking is the fastest and of the greatest magnitude on a
23:30
percentile basis. If you look at it, no doubt even
23:34
greater than volkers jump in the 70s, although blanket limits on
23:39
Bank, withdrawals are unknown in the u.s. such restrictions were
23:42
implemented in Greece and Cyprus during the debt crisis of the
23:46
mid 2010s and remember, Julian Assange, exposing those things.
23:51
Cash withdrawals are currently in place in Nigeria where
23:54
individuals are allowed to withdraw 20,000 naira worth
23:57
about forty three dollars per week that is it leaders in the
24:01
economically. Troubled Nation say the move is
24:04
designed to pull cash out of the system ahead of the planned move
24:08
to a fully digital currency. Let's take a look at this tweet
24:16
from Wall Street Silver, UK Banks, making cash withdrawals,
24:20
extremely difficult. Treating their customers, as, if
24:23
they are suspects in a potential crime.
24:25
No, you do not have you cannot access your own money.
24:30
Sorry, the state has seized it. Hmm!
24:33
I wonder if there's a solution to all these problems we just
24:36
covered today. Opti, our primary aim is to keep
24:39
customers safe and secure in our branches.
24:41
Follow our process carefully to achieve this by forcing you to
24:44
You use money that steals from you and benefits?
24:48
The can tell Ian Ayres who we give free money to, this will
24:51
include asking you questions about the purpose of your cash
24:54
withdrawal. We may also ask for supporting
24:57
documentation so all this bullshit just to access your own
25:01
money and this is in the UK and we also know what passed there
25:06
with Micah, but opted to you. If you're good, we can go ahead
25:08
and roll that Janet clip real quick.
25:13
And, you know, I would simply say since 1789, the United
25:18
States has a history of paying its bills on time, that's what
25:23
the world wants to see a continued commitment to do that.
25:30
It's what underlies US Treasury Securities as the safest
25:36
investment on the planet and it's not an acceptable
25:40
situation. For us to be unable to pay her.
25:47
Oh yeah. The sound us the safest.
25:49
Why don't you ask Silver Gate about that?
25:51
That went real well for those guys.
25:53
Now, here we go, Bitcoin archive, US Treasury.
25:56
Just ask government agencies of payments can be delayed as cash
26:00
is running out. So what is it Janet?
26:03
What is the truth? Maybe we can't handle the truth,
26:06
but I think we've known it for quite a long time.
26:10
And these people have ran up And trillion almost point eight and
26:19
national debt and they have the audacity to give you a credit
26:22
score and they have the audacity to come out and tell you with,
26:26
with any glimmer of hope that they know what's happening, or
26:30
that their intervention will fix their past.
26:32
Fuck up on the last intervention, and the last
26:34
intervention before that, and we know where this ends, we know
26:39
where this ends the debt cycle d, e BT, debt cycle is in play.
26:45
Greg Faust, the legend has been Calling it for a long time and
26:49
like, just trying to grasp 31 trillion, right?
26:52
That that is a shitload of money.
26:54
Our current national debt, 31 trillion dollars, but also
26:57
deeply concerning is 75 trillion.
27:00
Yes. 75 trillion in unfunded obligations.
27:04
And that is not included in the 31.
27:06
So we got about a hundred Six Trillion.
27:11
In liabilities and debt and what is that?
27:14
What is that? Fifty two point, nine trillion
27:17
and Medicare twenty two point four trillion in Social
27:20
Security. The trust funds are drying up so
27:25
there's only one solution for Janet for j-jenny from the broke
27:31
block to go and that is to print money better call up Jerome.
27:35
See what he's doing. But these are this is Big Stuff,
27:40
big stuff and we can go back to Simply Bitcoin IRL when tone
27:44
Bay's came on and then I wrote an article on the currency Wars,
27:48
volume to on bitcoin and geopolitical Game Theory.
27:52
And we're seeing these things play out, and one of the big
27:55
things tone hit on. And I used in that article was
27:58
bricks, bricks is already outperforming the G7 in APD, GDP
28:04
percentile basis, And we know there's 13 more Nations.
28:08
Other things have hinted at 30 more Nations joining, the
28:13
economic block, this from kim.com, all the surplus of the
28:17
US government, in the past 53 years, would not pay for a
28:20
single year of interest on the government debt.
28:23
The US has been bankrupt for a while.
28:25
Money printing was the remedy, it's coming to an end and Wendy
28:29
dollarization by bricks plus reduces us trade by just 20%
28:33
it's game over in a To toot my own horn but me and Mike shortly
28:40
after the the removal from Russia from Swift, both put
28:44
pieces together on how we thought this thing would play
28:47
out and eventually lead to a Bitcoin explosion and we've seen
28:51
the news all around of. Now the u.s. is at about 50% of
28:57
global hash rate but we have China is still a number two or
29:00
three Malaysia, Indonesia. A lot of other countries, come
29:05
into the fold, which we made. Touch on what Excel Leon and
29:11
Southern Asia were touching on integrating that and bringing
29:15
Bitcoin into the fold more. But all of these things, why do
29:18
you want to get rid of the dollar?
29:20
Because it can be manipulated and some douchebag in his
29:23
armchair, eaten caviar can shut down your nation's economy.
29:30
And we saw what happened in Canada and RFK hit on that quite
29:34
a bit. So to all these To ending the
29:38
inflation to ending this manipulation by the FED to
29:43
freeze in people's money and that even come into America
29:46
likely soon. There is a solution.
29:49
It's just get out of this system, opt-out Bitcoin sitting
29:53
there. It's looking you right in the
29:54
face and we can move on and take care of our own future and start
29:58
building a future. We can be proud of, just get
30:01
these old Penguins out of the way.
30:03
Let the bitcoiners take over and we got it.
30:07
We got it baby, free markets and freedom will win every single
30:10
time. Let's go.
30:14
Absolutely killed it rest and I'm glad to have you back.
30:17
I don't know if you guys noticed but I was cracking up.
30:19
Rushton, I love you bro. Absolutely love it.
30:22
But you know to get back on Signal I think it is very
30:26
obvious at least to all of us and it's becoming very clear to
30:30
the average person out there, that something is happening and
30:33
we are moving from a unipolar world into a multipolar world.
30:36
Now Course, is this going to happen overnight?
30:39
No, I don't think we have seen all the tricks pulled out of the
30:43
bag yet by the central planners by the us because we do have
30:47
well rather not we but those in power do have the most to lose
30:51
and this is something I'm going to talk about in the culture and
30:53
explain it to you guys in a way from again.
30:55
Our boy, Mike, but something interesting to kind of connect
30:58
this with the numbers portion In that clip, that I played that
31:03
Owen or shuts out the Todd that he referenced simply Bitcoin.
31:07
And he was talking in the long version clip about the fact that
31:11
the central Bankers will fight this tooth.
31:13
And now and I think we are seeing this happen, I know that
31:16
we see this happen every single day, we know the low-hanging
31:19
fruit arguments that they say all the time.
31:21
They drag him out whenever they need like a parade about
31:23
Bitcoin, you know, money launderers, terrorism, Financial
31:26
terrorism, all the works. We already know this is
31:29
happening but I think it's important to know that this is
31:33
going to happen a lot longer than we probably think about.
31:37
Like, I know a lot of his Bitcoins like, oh, you know, hi,
31:39
/ B, quantization is going to happen overnight, but I really
31:42
do think. And I've said it before that, we
31:43
are in this for the long run. I think we're going to be doing
31:46
this for a long, long time, probably for the rest of my
31:49
life. And I think it's just important
31:53
to kind of temper. Our expectations know that we
31:57
are right, but also that this game can play out a lot longer
32:02
than we can expect. And that we don't want to lose
32:06
faith during that. Process.
32:07
You don't want to get demoralized.
32:08
Hence, why I'm always talking about like, get outside, touch
32:11
some grass, but hey, Janet Yellen which one is?
32:15
It is the banking system, OK, or are the bank's going to get
32:19
Consolidated? It sounds like you are talking
32:21
out of both sides of your mouth and everyone in the chat was
32:24
saying the same thing. I am pretty sure the u.s.
32:28
defaulted on its debt a few times in the year you know
32:32
whether it was when Nixon got us off the gold standard or in. 33
32:37
is so it's very interesting and I guess we could argue that it's
32:42
probably been a few more times in that but hey one time is
32:45
enough to prove that it's not what she is saying and they are
32:48
lying out of both sides of their mouth.
32:51
So is the banking system, okay? Or is there something to be
32:54
worried about as a Bitcoin or obviously you know where I'm
32:58
coming from? But it's very interesting when
33:01
you realize exactly what central bankers and the politicians are
33:05
doing, everything is a PR War. Or it's all about a confidence
33:08
game. We know how the banking system
33:10
is set up. It's literally a Ponzi.
33:13
They don't have your money and the whole name of the game is
33:16
Just ensure that you don't get a bank run and how do you do that?
33:20
You don't go out by telling everyone.
33:21
Oh hey, the banks are going to blow up today guys.
33:23
Now you play the game, everything is fine, you know,
33:27
don't don't look for the exit door guys, because we have
33:30
everything under control. Yeah, yeah.
33:34
Just take our trickle-down just Except just trust us, bro.
33:38
Just trust us. I guys, anyways, before we move
33:41
on, I got to tell you about our sponsor.
33:43
Orange pill up. Shouts out to Brian and Mateo.
33:46
We were hanging out with them in Miami.
33:49
Absolute Chad's. Really love them but hey get on
33:52
the orange. Pill up stack friends that
33:54
Stacks ads because I learned one thing very quickly and it's the
33:58
importance of having local bitcoiners being the only
34:02
Bitcoin or in your era area, it really takes a toll on you.
34:06
So Get on the orange pill apps to number one source for meeting
34:09
bit corners and finding Bitcoin only events in your area if
34:11
there's no Meetup. Create one guys.
34:14
It doesn't even have to be like an educational event just simply
34:17
link up with bitcoiners. Grab a breeder.
34:19
Unplug from the Fiat Matrix. Don't be the only bit Corner in
34:22
your area because as we are seeing and covering every single
34:25
day on this show, You may need to rely on your neighbors moving
34:30
forward. Now, am I going full?
34:32
Apocalyptic on? You know, but it's important to
34:35
build a community of like-minded individuals around you or else.
34:39
Not only does it get lonely, but it could get dangerous moving
34:42
forward. So, don't meant don't mean to
34:45
get to Doom and Gloom on you. But hop on the orange pill out,
34:49
find a vent hang out with big Corners.
34:51
Build your local Bitcoin, social layer and stack friends that
34:55
Stacks at. Anyways, let's get into The
34:57
culture. I'm I'm really excited for this
35:00
when I had an epiphany over the weekend.
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while I agree 100% there is, there's levels to this, and
36:09
there's still some people that have money in the traditional
36:12
Financial system and they can't just get it out and put it into
36:15
Bitcoin and furthermore, there's a, you know, shouts out to the
36:19
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conversation with some of the Swan guys over the weekend.
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And basically tldr there's levels to this stuff.
36:49
There's levels to this up, I guys.
36:51
Anyways, I am very, very excited to read this one for you guys
36:55
because it was very fitting. Mike, didn't even get to bitcoin
36:58
conference in Miami over the weekend, but he dropped his epic
37:02
article. And I had this realization while
37:05
I was Hanging out with a couple of my friends.
37:08
It's understanding what the game is guys.
37:11
We are playing a power game. We've talked about this in the
37:14
past a lot on the show. Politics is a game of power and
37:20
their power is backed by the money printer.
37:22
And if we have the best money in the world then eventually we
37:27
will also accumulate the power. Now let's just hope that Bitcoin
37:30
incentive, stay true that all everything that we talked about
37:34
will stay true till the end of time because Bitcoin is a new
37:38
money that is Incorruptible. And if you can't corrupt the
37:41
money, then you can't corrupt the politics and the power game
37:45
is going to get equally leveled out.
37:47
Out. Anyways, that was my PSA.
37:49
Now, let's get into this article.
37:51
So shout out to Mike Hobart, the mic Hobart on Twitter, you
37:54
rights for us at Sibley Bitcoin dot news.
37:56
But I really like this article because it paints a picture that
37:59
I talked about here all the time.
38:01
It's trying to become the best version of yourself.
38:03
Now, am I have finished product? No, but I'm working to become
38:06
the best version of me. Get my mind, right?
38:09
Get my body, right? And also shout out to everyone
38:11
at Bitcoin conference, that was like, Wow, Opti, you're so much
38:14
bigger and more fit than I thought you'd be.
38:17
Thank you. I've been putting in the work.
38:19
I'm not trying to LARP about who I am or what I do.
38:21
I'm trying to live my message because I think this is the most
38:24
important thing we can be doing, you are the Bitcoin message?
38:27
You are the Billboard People For Better or Worse.
38:31
Human psychology is funny. They will judge you off your
38:35
appearance. They will judge you off your
38:37
life. So get yourself in the best
38:39
place possible as you she'll Bitcoin because everyone in the
38:42
world in my opinion, once one thing and that's to live a good
38:45
life and Bitcoin allows people to live a good life.
38:48
So Bitcoin deserves better from you.
38:50
This is the title of this article and I'm going to read a
38:53
little bit. I know I try not to read but
38:55
Mike killed it and I think his words do this message just as so
39:00
let's get into it goes. I don't like politics.
39:03
I'm a political and he goes. Yeah, right the problem here is
39:05
that people seem to think that the game of politics stops at
39:08
the governmental body level. It does not politics is merely
39:11
using various forms of human, communication order to
39:14
coordinate, Capulet capitulate or die.
39:17
Nate, there's nothing different between haggling over a bill in
39:20
the Senate negotiating. The terms of a divorce in the
39:22
courtroom are anchoring the price point of a television for
39:25
sale at Best. Buy.
39:26
There is no avoiding politics a political is political
39:30
leadership is political conducting business is political
39:33
coordinating family. Christmas is political dating.
39:36
His political getting that promotion at work is political
39:39
coaching is political, investing, his political Bitcoin
39:42
is political, you can bend easily you can be disinterested
39:46
in The tics that's your choice, but what that means is that you
39:49
will ultimately be dominated by those who actively engage in it.
39:53
Politics is power. Social Power politics is war.
39:57
It is just War by another name when Waging War, whether that be
40:01
hot war or political war management of public relations,
40:05
is Paramount in the modern era, in a world of social media, and
40:10
smartphones and where cameras or readily accessible and available
40:13
everywhere. Any misstep mistaken, or failure
40:15
can be broadcast to the world? In seconds.
40:18
Projecting, how morally deficient your causes are?
40:20
How much your side lakhs and intelligence?
40:22
This means that accountability responsibility, intent and
40:26
self-control matter. Now more than ever in any other
40:29
moment in history, anyone can be made the face of failure today.
40:32
Anyone can be made the poster child for the propaganda
40:35
campaign, that provided enough fuel to lead to their own
40:38
demise, especially with regards to something as powerful as
40:42
Freedom enabling as political as Bitcoin is, this is not just a
40:45
monetary War, this is Apple. Political war.
40:47
This is a public relations War. This is a war.
40:50
That is urban-rural, dirt, digital, physical,
40:52
psychological, emotional and philosophical.
40:55
This is a war over the hearts and minds of the American
40:57
ideals. This is the war over the hearts
40:59
and minds of every single person on planet Earth.
41:03
Freedom for anyone willing to take it upon themselves, make no
41:06
mistake. Everything is at stake here?
41:10
Couldn't agree more. I think he summed it up very
41:12
well. Anyways, he goes carry yourself
41:15
when you go out and engage in discussions over.
41:17
Matter understand that you represent the mission.
41:19
What do I say all the time you guys are a walking
41:22
representation a billboard a Bitcoin take it upon yourself.
41:26
To get you to the best version of yourself.
41:29
No one's a finished project. The warts are good, be
41:32
authentic, be genuine but do your best to get yourself to the
41:37
highest version of yourself and I really do believe that Bitcoin
41:40
allows is for people. It's done it for me.
41:42
It's done it for my other friends.
41:44
And of course we're not finished products, a lot of my Friends
41:47
are millennials but I've seen the Improvement and if it can do
41:50
it for us, it can do it for everyone else.
41:52
Anyways. He goes on to kind of talk about
41:55
everyone. Some of our friends on Twitter
41:58
and a lot of the the outrage culture that we see on Twitter
42:01
and social media. And he goes, you're acting like
42:03
a child having emotional outbursts losing your temper.
42:06
These are all negatively impacting the mission that you
42:08
claim to uphold, you would Road the strength of your own
42:11
position by lacking the discipline and self-control to
42:13
conduct yourself admirably. Every participant of an
42:17
Innovation is a representative of their faction.
42:19
Your backstory does not matter you having a bad day, does not
42:23
matter. No one gives a damn.
42:26
This is why more bitcoiners need to adopt the way of the warrior
42:29
in the garden forces. Only express when and where it
42:32
is necessary outside. Those monetary circumstances.
42:35
It is Paramount that Grace peace and patience, be practice.
42:39
Bitcoin and Liberty are matters of a decentralized manner that
42:42
rely on autonomous distributed leadership on a global scale
42:45
leadership that does not end. And defending Liberty never ever
42:50
stops there will always be someone somewhere that wishes to
42:52
take your freedoms away from you because they believe that they
42:55
know what to do with your life, your belongings and your money
42:57
your time better than you do even if they do and they might,
43:01
hey, maybe they do, it does not matter.
43:04
You should be free to live your life in whatever manner you see
43:06
fit so long as you are not negatively impacting, the life
43:09
of a quality of life of those around you.
43:13
Or those in charge leaders will rules Leaders with rules because
43:17
rulers don't lead. Absolutely love what Mike
43:20
writes. He's one of my favorite writers
43:22
and this is why I brought him on the team because I love him.
43:25
He's I think he's a great example of what it means to be a
43:28
Bitcoin. ER, but he also has a level
43:30
sober head on him explaining the mission of Bitcoin.
43:34
And this is something that I realized over the weekend as
43:37
well. I know, I know there's been a
43:39
lot of a lot of A lot of animosity on Twitter and there's
43:45
been a lot of infighting because it's been a bear market and
43:49
there's a lot of purity test. But I think something that came
43:52
to to a point over the weekend for me is the we're missing the
43:57
trees for the forest or the forest for the trees.
44:00
I forget, which one it is. We are in the position right now
44:04
that then they fight you stage is becoming clearer and clearer
44:07
and clearer to me that we have bigger enemy to look at then.
44:12
Point fingers at everyone around us.
44:14
I think what is fatzke always says Bitcoin is responsibility.
44:18
Go up technology as well as number go up technology.
44:21
And this is where we are right now.
44:23
We have outsourced, all of our responsibilities to people that
44:28
are quote-unquote experts that are government officials Central
44:31
planners and you need to take back responsibility for your
44:35
life. Does that mean you are perfect
44:36
today? No, you are not a finished
44:38
product, but in time you will get yourself in a place where
44:41
you Of a better mind, a better body better finances, fix the
44:46
money, fix the world but also it starts with the way that you
44:49
think and do the world and guys we are playing 5D chess.
44:54
This is this is unconventional I believe we have the right
44:58
answers. I believe we have the solutions
45:00
to the world's problems and it's not all of the problems.
45:02
We will not solve every problem of the World by the Bitcoin
45:06
standard. But we will start with Bitcoin
45:08
and everything else starts from the fact that That the game that
45:13
we are playing right now, whether that's political,
45:16
whether that's social is based off a fraudulent money that is
45:19
designed to steal from you. This is where we are right now.
45:22
And now we have the tools to take back your personal power to
45:25
build on something that doesn't steal from you.
45:28
That isn't castles made of sand and moving forward.
45:32
You are a representation of everything you talked about in
45:36
everything you live. And it just made me realize that
45:41
we are really And a 5D chess game and we have the power.
45:45
We have the game in mind and you know, it's like poker guys, do
45:50
not do not. Give up the fact that you are
45:52
winning, do not tell your enemy where you are moving, draw some
45:56
smoke screens up, you know, make people laugh.
45:58
What I say all the time, if you tell people the truth and you do
46:02
make them laugh, they will absolutely kill you.
46:04
Well, hi guys. We are in a position right now
46:08
where we have a lot of angry people.
46:09
We have a lot of people missing. What is actually happening
46:13
because they're getting caught up in factions, there's
46:14
division. They're fighting over
46:16
everything, but it really comes down to the money.
46:18
Keep it simple. It's the money stupid, the money
46:22
printer is why there's endless Wars.
46:25
It is why the politicians are ever able to Hoodwink every
46:29
single person on planet Earth. They have been able to get away
46:32
with it for far too long. The Janet yellen's of the world
46:35
that come out here and play a PR War.
46:36
It's a confidence game that try to tell you that.
46:38
Oh everything is fine. And on the back end, they're
46:41
having Eating's telling you telling themselves.
46:44
It is not fine guys. Take it upon yourself to save
46:48
and Bitcoin take Bitcoin into self custody and from there get
46:52
yourself going. As I said in the beginning, one
46:55
of my friends told me to that I need to update my Parables.
46:58
I usually say that we are simply in an airplane going down and we
47:02
need to put the oxygen mask on and he's like, dude step back a
47:06
moment. This is not the best messaging.
47:09
You do not want to tell people. It is hopeless.
47:12
And they need to put the oxygen mask on first because at sound,
47:15
very Doom and Gloom e. He's like what we're doing here
47:17
is bitcoiners is where basically the stewardesses on the plane.
47:21
Showing you exactly how to put the oxygen mask on showing you
47:24
exactly what is going on in the world today.
47:27
And I really do believe that in time more content creators, more
47:32
mainstream corporate, press content creators, will start
47:36
talking about Bitcoin is only a matter of time until Bitcoin
47:38
becomes the keynote debate. Everywhere, is it going to be
47:43
this next election cycle? Probably not, but the next one,
47:47
if you aren't Bitcoin, if you aren't Pro Bitcoin and your
47:50
actions back it up, I don't think you have a chance because
47:53
Bitcoin is the future. Bitcoin is the way that we can
47:55
opt-out Bitcoin is the way for Humanity to move forward and
47:59
start to prosper because we've been stolen for far too long.
48:03
And this is why I Bitcoin. This is why I love going to
48:06
conferences and hanging out with my friends, which is why I've
48:08
built a community, a bitcoiners around me, because I think Think
48:12
we have the solutions and I want a bunch of like-minded soldiers
48:15
around me that also want to not only change the world but see
48:19
the world clearly and help everyone else Prosper.
48:22
Anyways, I ran to long enough rest in.
48:23
What's your thoughts, man? You straight killed it.
48:27
I was just thinking about when you were talking about poker,
48:29
right? You don't want to just up the
48:31
bid, say it's Texas, Hold'em and you've got the winning hand, you
48:35
know, right off the Flop. So you see you slow, bleed them.
48:38
Let them think they're in control.
48:40
Let them think they have. The best hand.
48:43
You just keep answering their calls, then it when it comes
48:46
time to flip the cards and show what you got, you got the
48:50
winning hand right there and that's Bitcoin.
48:52
The sound money sent a standard for the future.
48:55
Everything is politics. I love what Mike laid out there
48:59
and it goes back to Game Theory. The political system is and even
49:04
where the you choose to act or choose to participate, that's
49:08
still a choice added into the theory of game and all the
49:11
different decisions that are going into Political Game.
49:15
Theory, currently the system politics, it's a rigged game and
49:19
it's rigged because of Fiat. So if you think about society
49:23
and how it's deteriorating and we're heading towards them, or
49:27
hedonistic Society, think the dollar is the current language
49:33
of value and it's controlled by a corrupt government.
49:37
It's languages corrupt. Its Therefore how you value
49:43
things that trickles out into Society on?
49:46
What is valuable, what is virtuous?
49:49
and we see where that has led, when you have Fiat money, it
49:53
deteriorates society and it's because a Time preference and
49:57
then as we get to a sound money, like you were saying, By
50:01
lowering your time preference. You're able to focus on the real
50:05
things that matter, whether that's your family, your work,
50:09
and you also have this hope that you can actually build for the
50:12
future and Achieve that American Dream for yourself.
50:15
Because you don't have a corrupted language of value.
50:19
That's helping you place values on other things as well, and
50:23
that's it into Game Theory. So as more people come around to
50:25
it and more people begin to lower their time preference, and
50:29
we start moving. Towards a more egalitarian
50:31
society and that's just Game Theory playing out.
50:34
We talked about this kind of before this show.
50:36
If you're in politics going against Bitcoin, you have
50:40
nothing to gain but you have things to lose.
50:42
Now if you support Bitcoin, you're not going to lose
50:46
anything but you're going to gain one of the largest voting
50:49
blocks in the country. And one thing to adding on this
50:53
was RFK at the conference. He said that American ideal, and
50:59
the spirit of Liberty He and the founding fathers lives on in
51:02
bitcoiners. So I think he understands how
51:06
important sound money is we know JFK was looking at reinstituting
51:10
sound money, and some people didn't really like that but it's
51:14
in his family's blood to kind of stand up to the monolithic
51:19
State. And that's whether Bobby Kennedy
51:22
is dead or his Uncle JFK, but we are entering a new paradigm
51:27
Bitcoin politics. These things we have Senators.
51:31
I think there are currently eight members of Congress that
51:34
have admitted to holding Bitcoin.
51:36
Then you had four possible, presidential candidates voice
51:40
their support, and also their support for the principles
51:44
behind freedom of speech, Liberty, free markets, and how.
51:48
All of these things kind of intertwined.
51:49
When you get to bitcoin sound money and the American ideal as
51:54
set forth by the founding fathers.
51:55
So it's all kind of coming to pass, it's moving kind of fast.
52:00
Just so it's just going to be interesting to see how this
52:03
plays out and not to mention, we are 342 days until the next
52:08
having it's good to have you back Russian.
52:11
It's very good to have you back. Love it bro.
52:13
Yeah I mean hey look this is one of the reasons why I in I
52:18
gravitated to Bitcoin in the first place and it really took a
52:21
bunch of conversations with with friends and I think really get
52:24
it. And also Nico has been one of
52:26
the ones that had been kind of explaining to me like, bro,
52:29
Bitcoin is high. Highly political because I come
52:31
to all of this as a political I've opted out of politics when
52:35
I was younger. And I just thought it was a
52:37
waste of time and it was useless.
52:39
But I'm starting to realize that.
52:40
Whether what's the saying, whether you agree with politics,
52:44
or not politics, or whether you're interested in politics,
52:46
politics is interested in you. And I think it's important for
52:51
us to acknowledge where we are in the world and and work
52:55
towards where we want the world to be and that's just the
52:59
realistic pragmatic. To send me and it's important
53:01
for us to, you know, take a sober look of where we are.
53:04
I know a lot of you bitcoiners are, like, very apolitical.
53:07
You like fuck politics? I agree with you as well, but I
53:11
think it is naive for us to completely dig our head in the
53:13
sand and avoid this conversation in general.
53:16
Bitcoin is political by Nature because it is a political.
53:19
If you take away the control mechanism, what is control
53:24
about? What is politics all about?
53:25
Is about controlling you guys. Anyways, before we move on, I
53:29
got to tell you about Our sponsor, the bit plates, you
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yourself. All right guys, let's get into
54:14
your favorite portion of the show.
54:16
You literally come through all of this just to get to the meme
54:19
review. The daily meme review brought to
54:26
you by Kaboom racks. I get this question all the
54:28
time. Nico.
54:29
Where should I buy Bitcoin? Miners to answer is Kaboom
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racks. It's the best place to buy
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54:48
Kaboom racks. Kaboom actually, I was hanging
54:55
out with them all weekend. I basically was making rounds
54:59
and always coming back to their booth at the Bitcoin conference.
55:03
I absolutely love them over their Shadows of the Alex.
55:05
One of my good friends. He's really, he's really wanted
55:09
the one of the not only cooler dudes and Bitcoin.
55:12
But just one of the smarter sharper bitcoiners and I'm just
55:15
honored that he's a friend, she's such a kaboom anyways.
55:19
This is the mean review. Your favorite portion of the
55:21
show where you guys tag Us in memes, you guys send this means
55:23
in our telegram group and we review them live, tweet to the
55:27
bullets, memes are the artillery.
55:29
As you can tell we are in an information War and the
55:32
information war is a confidence game and they want you to still
55:37
believe in the system. So what are you going to do?
55:40
You're going to opt out, you're going to take Bitcoin into self
55:42
custody, you're going to ridicule the corporate press.
55:46
You're going to keep your friends morale up by making the
55:49
fun. Is and of course, also get the
55:53
cause of action out there because people still don't know
55:56
that Bitcoin is the solution. And this is all we have to do is
56:00
try to get eight billion people to hold Bitcoin or you know
56:04
let's let's start with a few billion.
56:06
We're still at probably what? I don't know, a couple mil
56:08
couple, 10 million or some I don't know.
56:11
Who knows how many people out there?
56:12
Hold Bitcoin, this is a feature, not a bug, but soon enough, the
56:15
whole world will hold Bitcoin. Anyways, the stretch meme is by
56:19
Greg Zhao Zhao. No, good to see you in Miami,
56:21
bro. And I think all of us bitcoiners
56:23
kind of feel this way either consistently or, you know, in
56:28
Cycles every once in a while you're like.
56:29
Wow. Yeah this is me.
56:31
Anyways, I don't know what the what the show is, but the
56:33
screenshot is of a girl here and she looks pretty despondent.
56:38
And Greg goes me all the time with Bitcoin and she goes, I
56:42
don't know shit about fuck. All that's Ozark.
56:47
Those are but this one Honey of the updated version of Greg Jog,
56:52
and they got me all the time with Greg's head here.
56:55
I don't know shit about fuck, that's hilarious.
56:57
Okay, this next one is by Fab the fox and I'm glad that I saw
57:03
this one this morning because again if you watch that whole
57:06
clip of the number section that I played today he said something
57:10
on the lines of if there is no transactions of Bitcoin
57:14
happening in the economy. Then how is it going to become
57:18
anything worth of anything? And we got this Inception name
57:21
here and we got Leo. Going Bitcoin doesn't have value
57:25
because I can't buy goods and services everywhere with it and
57:28
I forget what this guy's name is but he goes gold hasn't 11.
57:33
Trillion. Dollar market cap with zero,
57:35
Merchant adoption and we have Leo going.
57:37
Wait, what? And that's exactly what he said
57:40
In that clip without the merchant adoption Bitcoin won't
57:43
be able to accrue value. Now, obviously, we are very big
57:47
proponent of the circular economy.
57:49
I cannot wait. It till I go to a store and they
57:52
take the best money in the world, which is Bitcoin because
57:54
that would make my life so much easier.
57:55
Anyways, this next Name Is by Maxis Covenant goes 40 for no
57:58
Russia special guest at Bitcoin Heroes and we got some
58:02
bitcoiners over here. One's got a seed, signer, one's
58:05
got a bit coin coin in their hand and goes, what happened to
58:07
him. And it's a guy that's a skeleton
58:09
sitting on a bench. And I think this Bitcoin here
58:12
and he goes, he said it once at /.
58:14
B transaction has been waiting for it to be included in a black
58:19
man. We ever see once that bikes
58:22
fees, I hope Matt Odell's not right on this one, but we'll
58:26
see. We'll see, It's Gettin.
58:28
It's Gettin a little more, a little more manageable in the in
58:31
the mempool. So, you know, hey, when we get
58:35
back to one set fees, I sure hope so.
58:37
But maybe this is adoption happening in real-time, wink
58:41
wink. Anyways, this next one is
58:42
stacker news and this is Spiderman meme.
58:44
And again, I'm so bad with movie stars names, but we got the
58:49
girl, Here. Lois Lane.
58:51
I think it'd be tell me the truth.
58:54
I'm ready to hear it and we got Spider-Man.
58:58
I forget what his name is and he goes lightning will kill your
59:01
shit coin and she starts crying because the pain of your shit.
59:05
Clean bags is too much to bear. Okay, this next one is, is by my
59:08
voice Keefe at ski fund underscore 25.
59:12
And, you know, and that time we make memes about my friends, I
59:17
absolutely love this. So, we got my buddy.
59:20
At Joe Rogers, AR underscore Joe Rogers underscore on Twitter?
59:24
And this is him at the Bitcoin mag store and he's looking over
59:29
very, very seriously and he's putting his hand on the, on the
59:34
table. And he's making a Pony, goes a
59:36
stable coin and then he goes get that fucking petrodollar out of
59:41
my face and he points away. If you know, Joe Rogers on
59:44
Twitter, this one's just a classic.
59:46
He's super super going hard on the idea.
59:50
Stable coins, being a petrodollar and sats are my
59:53
stable coin and then of course, shout out to my boy, hotle
59:56
tarantula was hanging out with him all day.
59:58
A True True Bitcoin her in every way and a man that lives his
1:00:03
message and I thought that this was a fitting way to end Today's
1:00:07
Show. And we got this, a, I picture a
1:00:10
Bitcoin about the Bitcoin logo, and it looks like it.
1:00:13
So, I don't know what it'll world or bubble and, you know,
1:00:17
it's, it's looking like a Modern landscape, a technological
1:00:22
future and tarantula, goes plant.
1:00:26
The seed of Truth and let it grow.
1:00:28
But do not waste your precious time, trying to convince those
1:00:30
who refuse to see it. Remember your duty is to speak
1:00:33
the truth. With respect, not to force it
1:00:35
upon others, respect your own time, and let the truth speak
1:00:39
for itself. Wise words, my boy HT.
1:00:43
Absolutely love it. Guys.
1:00:45
Drop your mean review score in the chat as we cover H, live.
1:00:50
Man, it's good. This one feels good.
1:00:53
This one feels good, right? Anyways, my memory of you score
1:00:56
for today, I hope you guys drop yours so that I don't run.
1:00:59
Pull Your Meme review scores and you guys get mad at me on the
1:01:02
first day of the week. For me hosting, it's not only my
1:01:07
Bitcoin conference badge but it's it's my simply Bitcoin BK
1:01:15
branded. Oh yeah, badge.
1:01:19
If you know, you know Shout out to everyone that we handed out
1:01:21
stickers to in Miami. We really love and appreciate
1:01:25
all the support. It really means a lot to us.
1:01:27
It it's just it's an honor and it's humbling that we can do
1:01:31
this every single day and you guys want to show up and hang
1:01:33
out with us. But anyways rest and what is
1:01:35
your score for today? Well, as we were talking about
1:01:38
national debt and why I'm are coming when money dies, Adam
1:01:43
Ferguson, make sure you check that out.
1:01:45
You're not sweeping those cookbooks out of the gutter and
1:01:48
you're stacking sets, baby Russian, we miss you, I love
1:01:52
you, I love you. All right guys yall another deal
1:01:55
Ruston's looking very Suave today so maybe he's.
1:01:59
Yeah, there he goes. He's always got the black
1:02:01
represent hat but go check out represent.
1:02:04
LTD.com get yourself some simply Bitcoin theme.
1:02:07
I think there is a few hats left.
1:02:10
We do have the QR code over here.
1:02:13
So scan it. Check it out.
1:02:15
I'm pretty sure we still have some represent snapbacks on
1:02:20
represent LTD.com but go support the boys over that represent.
1:02:25
I'm wearing the this one is the limited edition.
1:02:28
I think this might have been just a promo type simply Bitcoin
1:02:32
hoodie but use the promo code simply Dash Bitcoin and you can
1:02:36
get yourself. A discount on all the merch over
1:02:39
there, chefs out to the boys that represent really appreciate
1:02:42
all the hard work but in the meantime, all right, let's get
1:02:45
to it. Let's get to it.
1:02:46
Let's read some. Oh, you know what, I forgot, I
1:02:49
will get the music for the rest of the week.
1:02:50
I don't have the music, I don't have the music in honor of that.
1:02:55
I will give myself a. I'll get, that's the only thing
1:02:59
I miss today. Is the music, okay?
1:03:01
I apologize will get the epic. Music will get the epic music.
1:03:05
All right, let me see, let me see.
1:03:07
I am going to find some of the score, here we go.
1:03:10
First one Rave elevator says I give the memes.
1:03:14
The 100 satellite phones issued to Congress two days ago in case
1:03:17
of an emergency. Yes, not scared.
1:03:20
Yeah, exactly. I wonder what is happening.
1:03:23
You know, my tinfoil hat went off and it was like, oh, so
1:03:27
they're going to shut down the phone line sounds good.
1:03:29
Okay. Anyway score.
1:03:36
Bitcoin takes off. After simply Bitcoin appearance
1:03:38
on how he's job, appreciate it. Appreciate shout out the Todd,
1:03:42
what a legend but this is part of the mimetic Warfare, the
1:03:46
gorilla memetic Warfare. That is every single one of you
1:03:49
guys just spreading the signal any way possible, whether it's
1:03:52
through ART, whether it's through your podcast, whether it
1:03:54
is trying to get your friends and family to stack whether it
1:03:58
is mentioning humble little simply Bitcoin on Infowars
1:04:01
absolutely legendary moment. Okay, this next meme is buy
1:04:05
Bitcoin for Canadians agos. I Does means extra fire.
1:04:09
Three fire emojis. Let's go.
1:04:11
Hold on. Wait, can I?
1:04:13
Yeah, I think I can say this one.
1:04:15
Okay, it's basic biology. I give the means a previously?
1:04:18
Lubricated Rubik's Cube. Okay, I didn't say anything
1:04:22
about where they're putting the say less.
1:04:25
Okay, there's next one is by Steve Dre or yeah.
1:04:28
Steve, yeah, Steve Drago's rating memes, one Petro dollar.
1:04:33
Okay, this next one is Igor I'll try to get yeah well Get through
1:04:37
these ones will get through these ones today.
1:04:38
Okay Igor goes I gave those memes once at per second
1:04:42
streamed over lightning for the show.
1:04:43
Duration, let's go preciate. It Chef's up to my boy any rug
1:04:47
good hanging with you, bro. He goes, I give the memes ABK
1:04:50
sticker plus Weinstein from the pool party.
1:04:53
You know, you know, I give those memes.
1:04:59
One BBL WTI Crude equals 255,000 271 SATs and he goes We'll begin
1:05:07
being priced and sat by 2030 in my opinion.
1:05:10
Okay, let's go. All right, if your net worth and
1:05:13
said shouts out and shout out to my boy, I really, really love
1:05:16
this. This new name you got going on,
1:05:19
pay producer, Jacob SATs for his 10 seconds wasted.
1:05:23
He's talking about me saying in spaces.
1:05:26
I always waste Jacobs Time by making them talk anyway because
1:05:28
score 420 NAX per second for producer.
1:05:32
Jacob. Oh man he's Rich.
1:05:34
Okay. This next mean review scores by
1:05:36
on the The chef's out to you. Brownie goes memes or a CZ
1:05:39
apology letter to investors in 2024.
1:05:42
So if you know, you know, I think arrested, I think I'm
1:05:46
going to give you that article and we should cover that
1:05:48
tomorrow. Okay.
1:05:49
This next one. How many more we got?
1:05:51
Okay. All right.
1:05:51
We got a few more biologists Barlow.
1:05:54
I give those memes a shattered glass.
1:05:56
Debt ceiling. Yes.
1:05:57
What's a ceiling? If it doesn't hold the roof up.
1:06:01
Anyways how to coin I give those means a cup, a porridge for
1:06:04
Grandma yelling. Oh man.
1:06:06
Okay? Apollo 21.
1:06:09
I give the memes the voice of rest, and, as I pushed the Earth
1:06:11
up today, let's go. Okay, last one, guys, really
1:06:15
appreciate every single. One of you guys is by our friend
1:06:20
Bushmaster to go score, same reading when money dies.
1:06:26
Let's go. Well man, it's good to have you
1:06:29
back Ruston. This was epic.
1:06:32
Happy to be back. We're gonna be me and Russian
1:06:34
are going to go hard all week. I think I'm going.
1:06:37
Going to push our our guests back for this week so that we
1:06:42
can me and rest in can iron out the Kinks and also so that you
1:06:46
guys can get on the normal show with with Nico and all that good
1:06:50
stuff. But really appreciate having you
1:06:52
back rest. And I think everyone in the chat
1:06:54
is hype to have you back as well bro.
1:06:57
And after this week guys Rustin is back on the job, making the
1:07:01
clips that you so love and we're super excited to do that.
1:07:05
So rest and really appreciate it.
1:07:07
Do go into the spaces so that we can get a solid solid Rustin
1:07:12
recap. I love you bro.
1:07:13
We'll see you in a little bit. All right guys, you already know
1:07:16
the deal. We are in audio form on anchor,
1:07:21
Spotify, Apple Fountain. I know I know paid producer
1:07:25
Jacob for his 10 seconds, whatever, whatever your name is,
1:07:29
today, he's been giving me a lot of crap for not speaking on the
1:07:33
fountain, but as you can tell, we're going way over our normal
1:07:36
time. So, So we really appreciate all
1:07:39
the support. I might not be able to get them
1:07:41
read on the show anymore because we're just trying to give you
1:07:44
guys all the sauce. Anyways really appreciate every
1:07:47
single one of you guys. It really means the world to us.
1:07:50
We are doing our best to give you guys the content so that
1:07:53
it's it's not dependent on just Nico.
1:07:56
And I we're going to try to do our best to spread the signal
1:08:00
every single day with or without us rain or shine.
1:08:03
The simply Bitcoin will not stop.
1:08:06
We have it in In written form simply Bitcoin dot news.
1:08:09
We're on YouTube. Shout-out to everyone on Rumble.
1:08:12
We really appreciate you guys who are building a strong
1:08:14
community on Rumble and it means the world to us.
1:08:17
I think we're on bitcoin TV as well.
1:08:19
I think we do also guys, we are on Twitch.
1:08:22
No one wants to use twitch, but hey, if there's some twitch
1:08:24
users out there, you don't want to come to YouTube, we are on
1:08:27
Twitch. Anyways, guys, I really
1:08:29
appreciate you guys. We will be back tomorrow same
1:08:31
time as always, 12:15 p.m. eastern time and until that
1:08:36
piece out come hang out. Out with us on Twitter spaces,
1:08:38
we are going to continue the conversation till 2 p.m. eastern
1:08:42
time and it's good to be back, man.
1:08:44
Alright, peace out, guys. Till next time is your boy
1:08:48
lofty.