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Global Elites Admit Defeat at Davos | Bitcoin Takes Center Stage | Simply Originals · Simply Bitcoin

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  The same people who told you you'd own nothing and like it,
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  the same people who printed money, destroyed the middle
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  class, and possibly ran a war against humanity from the
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  shadows are now standing on the world stage waving that white
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  flag. Because this week in Davos, the
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  head of the World Economic Forum admitted out loud, the world now
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  places far less trust in us. We believe that outside the
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  United Nations, this is the largest gathering of global
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  leadership of the post COVID period of time.
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  For many people, this feeding feels out of step with the
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  moment. We hear all about the the elites
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  and how does that play out in the age of populism?
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  How does an established institution make a difference in
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  a era of deep institutional mistrust?
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  And there's some truth to the critique.
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  I believe in this forum for a long time.
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  I certainly wouldn't be leading this if I didn't believe that we
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  can change and make the world better.
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  But it's also obvious that the world now places far less trust
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  in us to help shape what comes next.
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  If the World Economic Forum is going to be useful going
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  forward, it has to regain that trust.
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  No, no, Larry, the world doesn't mistrust you.
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  The world figured you out. And once that happens, there's
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  no rebuilding trust. There's no putting a genie back
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  in the bottle. There is no reset.
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  There is no going back. Globalism is dead.
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  It failed. Well, I think you should start
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  at a much higher level. OK, We are in Davos at the World
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  Economic Forum and the Trump administration and myself, we
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  are here to make a very clear point.
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  Globalization has failed the West and the United States of
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  America. It's a failed policy.
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  It is what the WEF has stood for, which is export offshore,
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  far shore, find the cheapest labour in the world and the
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  world is a better place for it. The fact is it has left America
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  behind. It has left the American workers
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  behind. And what we are here to say is
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  that America First is a different model, one that we
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  encourage other countries to consider, which is that our
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  workers come first. We can have policies that impact
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  our workers. Sovereignty is your borders.
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  You're entitled to have borders. You shouldn't offshore your
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  medicine. You shouldn't offshore your
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  semiconductors. You shouldn't offshore your
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  entire industrial base and have it be hollowed out beneath you.
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  You should not be dependent for that which is fundamental to
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  your sovereignty on any other nation.
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  And if you're going to be dependent on someone, it darn
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  well better be your best allies, OK.
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  And so that is a different way of thinking.
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  It is completely different than the WEF.
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  I viewed the WEF as not a flagpole in the middle, but in
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  fact, they are the flag Whichever way the wind blew.
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  So it blew. You should have solar, you
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  should have wind. Why are you going to do solar
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  and wind? Why would Europe agreed to be
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  net zero in 20-30 when they don't make a battery?
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  They don't make a battery. So if they go 2030, they are
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  deciding to be subservient to China.
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  Who makes the batteries. That was not a policy
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  disagreement, that was an obituary.
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  And while the global elites were melting down, in Switzerland the
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  market started screaming Bitcoin naked 2K in minutes, down 4000
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  in a day and 11,000 on the week. 1 billion in leveraged longs
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  vanquished. Meanwhile 1.3 trillion erased
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  from U.S. stocks. The NASDAQ and SNP just wiped
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  out. All of 2026 is gained.
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  Stocks down, bonds down, treasuries failing and the
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  dollar offering zero safety and gold.
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  Gold just said I warned you, 4850 an ounce all time highs. 5K
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  is now a when not an if. So ask yourself, if this is just
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  volatility, why does it feel like everything is breaking at
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  once? Wire funds dumping treasuries?
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  Why is Japanese bond market cracking the very foundation of
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  global liquidity? Why are banks suddenly
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  terrified? Why does every Rd. lead back to
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  monetary trust collapsing? Because what you're watching is
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  not a sell up. It's a global monetary order
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  coming apart at the seams. And whether Davos wants to admit
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  it or not, Bitcoin was the focal point.
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  The thing they can't control, the thing they can't print, the
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  thing that exposes the the Green New Deal is dead, globalization
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  is dead, and the old system is eating itself alive.
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  So the real question is, what replaces a system the world no
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  longer trusts? What survives when bonds break,
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  banks panic, and elites admit defeat?
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  Why does every path forward keep pointing to Bitcoin?
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  Today, we're breaking it all down.
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  What actually happened, what's happening behind the curtain,
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  and where all of this is heading next.
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  So fasten your seatbelts. But now let's go on to the
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  future. What are some of the mega trends
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  that are going to reshape investing asset management as
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  you look forward? I mean, there's two, but they're
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  all interconnected. And that's going to be AI and
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  tokenization of financial assets.
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  So digital assets. Those are the 2 mega trends that
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  are going to totally reshape financial services.
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  I had a lunch today with a very prominent former finance
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  minister, central bank, very prominent guy.
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  And he wrote a big paper on tokenization, right?
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  And he would say, he couldn't say it in his former role, but
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  he would say it today as a private citizen.
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  The banking system is is being left behind in so many ways
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  through technology. Bitcoin doesn't have a money
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  printer. The the supply is fixed and
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  people will go to it in times of uncertainty, kind of like they
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  did with gold. Sorry to say.
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  That I trust more independent, central.
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  Banks with a democratic mandate than private issuers of Bitcoin,
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  which have a very useful role but.
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  Bitcoin is a decentralized protocol.
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  There's actually no issuer of it.
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  So that's that's in the sense that central banks have
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  independence. Bitcoin is even more
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  independent. There's no country or company or
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  individual who controls it in the world.
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  And so anyway, I, I think it's a healthy competition because,
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  because if people can decide which one they trust more and I
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  think it's actually the greatest accountability mechanism on
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  deficit spending. All right, to the French
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  boomers, central banker, GFY. Central bankers of the world,
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  GFY. We're a little down today, but
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  we're far from out. And if you're asking what the
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  hell just happened, well, Treasury Secretary Scott Besson
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  nails it. I believe the markets are going
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  down because the Japanese bond market had a 6th standard
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  deviation move for the past two days that would to be in their
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  ten year bonds. I've been in touch with my
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  economic counterparts in Japan and urged them to take the
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  necessary measures to stabilize their bond market, but that's
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  spilling all over into all bond markets.
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  German yields are up, French yields are up, US yields are up,
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  and again, it's mostly the Japanese bond market got nothing
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  to do with Greenland. Here's the point.
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  What we all just witnessed wasn't a random sell off.
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  Yes, headlines blame tariffs. Yes, the media screamed
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  Greenland. Yes, Trump threatening Europe
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  made for easy narratives. But the timing doesn't line up.
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  By the time U.S. markets opened, stocks were already getting
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  smoked, shiny rocks were ripping to record highs and Treasuries,
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  the so-called safe haven, getting wrecked.
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  That's because all this didn't start in Washington.
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  It didn't start in Brussels, it didn't start in Greenland.
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  It actually started just hours earlier in Tokyo.
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  Japan broke first. Japan's bond market snapped
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  yields on 2030, even 40 year Japanese bonds exploded higher
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  in days. Not weeks, not months, days.
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  For decades, Japan supplied the world with cheap money, zero
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  rates and less liquidity, the foundation of global carry
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  trades. When those yields surged, that
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  entire system unwound instantly. Leverage got expensive.
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  Liquidity vanished. Carry trades blew up.
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  That's why everything sold at once.
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  Stocks, bonds, the dollar weakened, gold and silver
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  ripped. This wasn't geopolitical chaos,
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  though that is happening. It was financial reality
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  reasserting itself. And Japan blinking means higher
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  global borrowing costs, capital flowing home pension funds
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  reassessing risk, and markets realizing the old assumptions no
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  longer hold. Which brings us to the bigger
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  picture, because this is exactly what Ray Dalio warned about in
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  Davos. The global monetary order is
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  breaking. Let's step back from the
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  sensational and and be clear about what I mean.
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  The monetary order is breaking down, OK.
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  What I mean by the monetary order is that Fiat currencies as
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  and and debt as a store hold of wealth is not being held by
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  central banks in the same way. And that there was a change.
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  The biggest market to move last year was the gold market, far
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  better than the tech markets and so and so on.
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  And the US markets underperformed foreign markets
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  because of the fact you could see it in the numbers of the
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  central banks and so on. So let's just look at the fact
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  that on the other side of trade deficits and trade wars, there
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  are capital and capital wars. And so as we're looking at that
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  and you reported what the stock market and so on, but you didn't
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  report that the gold market is also up 3.
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  We did. Say that earlier this morning.
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  It's up to. Record.
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  Level again and. Over if you look at the what is
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  happening and why it's happening and who's buying it.
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  So let's let's just take a moment on that capital war
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  issue, OK? We know that both the holders of
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  U.S. dollar denominated debt at which is money and the those who
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  need it, the United States are worried about each other, right?
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  So if you have other countries who are holding it and they're
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  worried about each other and we're producing a lot of it,
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  that's a big issue, right? So you have to explain what is
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  going on with Fiat currencies, generally speaking.
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  And now if you take the conflicts, you can't ignore the
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  possibility that capital wars, in other words, maybe there's
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  not the same inclination to buy U.S. debt.
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  And So what we at least need to talk about those possibilities
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  and find out who is buying and selling what that is behind
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  these market movement. It's breaking and that's why
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  everything feels like it's coming apart, because it is.
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  And if you zoom out, a pattern emerges.
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  Trump, Bombastic, polarizing, unapologetic.
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  Well, he didn't randomly break things.
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  He pushed directly on every fault line.
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  There are decades where nothing happens, and then weeks where
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  decades happen. That's where we are in the
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  establishment. And mainstream media missed it
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  because they're still trying to explain new outcomes using old
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  frameworks. They don't understand what
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  they're watching. But let's walk through on
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  defense. The Trump Zelensky press
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  conference was framed as a disaster.
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  Weeks later, Germany passes a trillion euro defense and
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  infrastructure package, the largest military investment in
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  Europe and generations exactly the burden sharing Trump
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  demanded for years on the great competition, Trump tried to
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  decouple from China while preventing a Beijing Moscow
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  alliance. Tariffs were never about trade.
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  They were about leveraging bridge.
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  China wasn't a competitor. China was a geopolitical
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  adversary. Industrial reshoring, export
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  controls, tariffs. They were all signals on
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  tariffs. Broadly, as Scott Besson pointed
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  out, a structured tariff regime could generate 300 to 600
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  billion a year. I mean, that doesn't fix a 6%
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  deficit, but it forces discipline into a system
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  addicted to debt. Then you get the stuff.
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  They mocked Greenland, Panama Canal pressure, renaming the
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  Gulf. But every one of those moves
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  sent the same message. The US must reassert control
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  over its hemisphere. Arctic shipping lanes matter,
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  China and Panama is a liability, and the Americas are not an open
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  playground for rivals. Even American manufacturing.
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  Trump was ridiculed for demanding its return.
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  Now both parties support industrial policy.
• 13:44
  CHIPS act, IRA. Same destination, just a little
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  different branding on DEI and cultural fragmentation.
• 13:51
  Trump didn't just talk, he acted.
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  Merit over identity. Neutrality over ideology.
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  You can argue this style, but the policy landed.
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  This wasn't 40 chess, but the Orange man is indeed playing a
• 14:04
  game. His delivery is intentionally
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  disruptive because disruption forces engagement and action.
• 14:11
  Nobody reads a 40 page Council on Foreign Relations memo, but
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  an inflammatory move that dominates conversation for days
• 14:20
  and brings us to the question can disruption yield direction?
• 14:24
  No society ever thrives because it had a visionary plan.
• 14:28
  It thrives because it corrects its mistakes.
• 14:31
  It's a correction. The great rebalancing.
• 14:34
  Debt has limits, dependence has costs, and abstraction
• 14:38
  eventually collides with reality.
• 14:41
  The 1990s promised a frictionless world.
• 14:43
  The 20 twenties are delivering the reckoning.
• 14:46
  Slower growth, harder choices. Political pain.
• 14:49
  And politicians will delay because the fixes are unpopular.
• 14:53
  But make no mistake, we're only just getting started.
• 14:56
  And before we bring it home, did Donald the Orange just smack the
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  caviar out of the no King's mouths?
• 15:02
  And Davos? That's right, it's Big Finish
• 15:05
  time. But before we bring it home,
• 15:07
  look at our likes. Three or four times.
• 15:09
  Maybe I'll. Pump those numbers up.
• 15:10
  Those are rookie numbers in this racket.
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  Let's take a moment to recognize our sponsors powering this show
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  slash simply. Unleash innovation and savings
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  and financing. I'm also working to ensure
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  America remains the crypto capital of the world.
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  And to that end, last year I signed the landmark Genius Act
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  into law. Now Congress is working very
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  hard on crypto market structure, legislation, Bitcoin, all of
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  them, which I hope to sign very soon, unlocking new pathways for
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  Americans to reach financial freedom.
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  And I did it for two reasons. Number one, I thought it was
• 16:51
  politically good, and it was. I got tremendous political
• 16:54
  report support. But more importantly, China
• 16:58
  wanted that market too. It's just like they want the AI
• 17:01
  and we've got that market, I think pretty well locked up.
• 17:04
  If I didn't do it, You know, Biden was totally against it
• 17:06
  until before the election when they realized that, you know,
• 17:10
  there were millions of people voting against him over crypto.
• 17:13
  And all of a sudden they loved it very much, but it was too
• 17:16
  late. They blew it.
• 17:18
  But it is politically popular. But it's it's much more
• 17:21
  importantly. We have to make it so that China
• 17:24
  doesn't get the hold of it. And once they have that hold,
• 17:27
  we're not going to be able to get it back.
• 17:29
  So I'm honored to have done it. Finally, I've instructed
• 17:31
  government backed institutions to purchase up to $200 billion
• 17:35
  and more he wants. Americans to reach financial
• 17:38
  freedom. That's the polar opposite of
• 17:41
  what basically everyone in that room desires.
• 17:44
  You heard Frenchie earlier with that peanut butter in his mouth
• 17:47
  or whatever. And it looks like David Sachs
• 17:49
  also delivered an update. A good compromise is everyone
• 17:51
  leaves a little bit unhappy, right?
• 17:53
  But I think what's going to happen is that after market
• 17:55
  structure passes, the banks are going to get fully into the
• 17:58
  crypto industry industry. So we're not going to have a
• 18:00
  separate banking industry and crypto industry.
• 18:02
  It's going to be 1 digital assets industry.
• 18:04
  And I think and will they? Be.
• 18:05
  Regulated. Their opinions are going to
• 18:07
  evolve over time and I bet you over time the banks like the
• 18:10
  idea of paying yield because they're going to be in the
• 18:12
  stable coin business. But will they also be regulated
• 18:14
  the same way? And I guess that's a big, I
• 18:16
  mean, the banks will say, hey, if they get to do all the same
• 18:18
  things we do, how come they don't get regulated the same?
• 18:20
  Way, well, I guess because they're offering slightly
• 18:22
  different products, right. So, but I mean everyone offering
• 18:25
  the same products should be, should be regulated in the same
• 18:27
  way and we want to get to that harmonization.
• 18:29
  If you listen carefully through the conversation at Davos, every
• 18:33
  single one of them is a bullhorn for Bitcoin.
• 18:36
  Because as the global monetary order breaks, as this 50 year
• 18:40
  Fiat experiment eats itself alive, the Bitcoin standard
• 18:44
  doesn't lobby. It doesn't ask permission.
• 18:47
  It just takes center stage. People think about our current
• 18:51
  financial system as kind of sacrosanct, and it's the only
• 18:54
  way to do it. But, you know, if you study the
• 18:56
  history of money, really it's got created in like 1971 when
• 19:00
  Nixon went off the gold standard in the US And we currently have
• 19:03
  the system where most central banks don't have any link to a
• 19:06
  hard commodity underneath. I think Fiat currencies are
• 19:09
  going to continue to exist for a long time.
• 19:12
  But we're also seeing the birth of a new monetary system that I
• 19:16
  would call the Bitcoin standard instead of the gold standard.
• 19:19
  And in the crypto space, that is a return to, you know, sound
• 19:24
  money and something that is inflation resistant because
• 19:28
  democracies around the world, once we came off the gold
• 19:30
  standard, are struggling to balance their budget.
• 19:33
  They're all running deficits. And it's caused inflation in
• 19:36
  Fiat currencies. And so there is a real segment
• 19:39
  of the population that is looking for a new system based
• 19:41
  on hard money. This isn't about price.
• 19:44
  This is about trust. And when trust collapses,
• 19:48
  scarcity wins. Neutral money wins, Bitcoin
• 19:52
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  you guys enjoyed this one let us know what you think below and
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  don't forget to like subscribe and give us a pamp share the
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  sound money gospel and I'll catch you all tomorrow love you
• 20:37
  guys if you. Prefer to go.
• 20:40
  Down with the. Ship.