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The $1 Trillion Bitcoin and Gold Plan Nobody Is Talking About! | Truth Block · Simply Bitcoin

• 0:00
  The Iran peace deal is collapsing in real time,
• 0:02
  inflation is reaccelerating, and consumer sentiment just hit its
• 0:05
  lowest level since 1952. And with midterms fast
• 0:08
  approaching and dollar dominance hanging in the balance, this
• 0:11
  administration is running out of runway and running out of
• 0:14
  options. Enter the ARMA Act.
• 0:16
  Congress just introduced what might be the most desperate and
• 0:18
  brilliant move in American monetary history, a plan to
• 0:21
  revalue the nation's gold reserves and use the giant gains
• 0:24
  to buy a million Bitcoin. And nobody in the market is
• 0:27
  paying attention as Bitcoin sits in the deepest stretch of apathy
• 0:30
  it's seen in years. Could this be the Hail Mary move
• 0:33
  to save the American empire? This is truth block.
• 0:36
  I'm Hurley. Let's mind truth.
• 0:44
  Last Wednesday on Bitcoin pizza day, Congressman Nick Begich
• 0:47
  introduced the American Reserve Modernization Act, or ARMA.
• 0:51
  This is a bill with 21 Co sponsors, bipartisan support
• 0:55
  with both Republican and Democrat leads that would make
• 0:58
  Bitcoin a Tier 1 strategic reserve asset of the United
• 1:01
  States. It codifies Trump's executive
• 1:03
  order from last year into permanent law that can't be
• 1:06
  undone by the next president. Fox Business covered the bill in
• 1:09
  an exclusive yesterday. The administration is pushing
• 1:13
  for global crypto dominance in the US.
• 1:16
  Darren Botello is with us. He's on capital election.
• 1:19
  In plain English. How are they going to do it,
• 1:21
  Darren? Hi, good morning, Stewart.
• 1:24
  So the president is asking the Fed to review allowing crypto
• 1:27
  and fintech firms to store their money in the central bank.
• 1:30
  And this comes after Kraken got access to the central bank back
• 1:33
  in March. So they were the first.
• 1:35
  Now, other banks want the same kind of access.
• 1:38
  But in Washington, as you know, an executive order is only as
• 1:41
  good as the president who's in the White House.
• 1:43
  The next person that takes over, they could completely change
• 1:45
  that. That's why in a Fox Business
• 1:47
  exclusive, Congressman Nick Begich is introducing a bill he
• 1:51
  says to lock in Trump's plan in a officially establish A
• 1:54
  strategic Bitcoin reserve. Baggage tells Fox Business that
• 1:57
  this is basically the new Fort Knox.
• 2:01
  In order to maintain the sovereignty of the US dollar and
• 2:05
  the strength of the US dollar, you've got to have a strong
• 2:07
  reserve policy. That's why central banks around
• 2:11
  the world for so many years, thousands of years in fact, have
• 2:14
  held reserves on their balance sheet.
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  We need to recognize that digital assets are the 21st
• 2:21
  century equivalent of those historical gold reserves.
• 2:25
  So Baggage wants the government to stockpile 5% of all Bitcoin,
• 2:29
  which is equivalent to how much of the world's gold the US
• 2:32
  stores in reserves. And he already found a way to
• 2:34
  fund it without taxpayers. The Treasury is currently
• 2:37
  sucking up crypto assets tied to Iran through Operation Economic
• 2:40
  Fury. Baggage's plan?
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  Seize the Ayatollah's crypto and drop it straight into the US
• 2:45
  balance sheet. But he warns the GOP cannot
• 2:49
  afford to drag its feet. Conservatives have a tight 6
• 2:52
  month window to pass this bill and lock the end of law while
• 2:54
  Republicans still control both houses of Congress.
• 2:57
  So of course, as we know, the clock is ticking with the
• 3:00
  midterms coming up in November. Stewart.
• 3:02
  Oh yes, never forget the midterms.
• 3:04
  They're coming close. Darren, thank you.
• 3:06
  Begich calls it the new Fort Knox, and the Fox report covered
• 3:10
  the surface. But the real story is the
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  funding mechanism, because it's quietly one of the most clever
• 3:14
  pieces of financial engineering Washington has produced in
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  decades. the United States government holds 8133 metric
• 3:21
  tons of gold, more than any other nation on Earth.
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  That gold is currently carried on the federal books at just
• 3:27
  over $42.00 per oz. That price was set in 1973 and
• 3:31
  has never been updated, with gold today trading at around
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  4500 per oz. That's a 107 X gap between the
• 3:38
  accounting fiction and reality. The ARMA Act closes that gap.
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  The idea is you revalue the gold certificates to market price and
• 3:46
  you unlock over a trillion dollars in paper gains.
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  No new money printed, no taxes raised, and not a cent added to
• 3:52
  the deficit. And then you take those gains
• 3:54
  and you buy 200,000 Bitcoin a year for five years to 1,000,000
• 3:57
  coins total, locking in a vault for 20 years with military grade
• 4:01
  custody standards written directly into the bill.
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  We're talking multi sig air gaps.
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  Quantum resistant. This isn't A wish list, this is
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  legislation. I just love how Eric Yakes
• 4:10
  framed it on X. Bitcoin is valuable because it's
• 4:13
  best competitor is a million years old and doesn't work on
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  the Internet, and that ancient competitor is exactly what ARMA
• 4:18
  is using to fund the transition. Now here's the part that turns
• 4:22
  us from interesting policy into something much bigger.
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  Because to understand why this bill exists right now, you have
• 4:27
  to look at what's happening outside our borders.
• 4:29
  The Strait of Hormuz has been effectively closed since
• 4:31
  February 28th. The petrodollar system, the
• 4:34
  agreement that oil trades in dollars enforced for 50 years,
• 4:37
  is under more structural stress than at any point since Nixon.
• 4:40
  Trump posted on Truth Social this week mandatorily requesting
• 4:43
  that every country involved in the Iran negotiations
• 4:46
  immediately signed the Abraham Accords sign or chose bad
• 4:50
  intention. That was his language, and the
• 4:52
  peace deal is collapsing in real time.
• 4:54
  Iran directly rejected Trump's claim that Hormuz would reopen,
• 4:58
  saying it's far from the truth and that the Strait will remain
• 5:00
  under Iranian management. Then, two sources close to
• 5:03
  Trump's negotiation team told the Hormuz letter that Trump is
• 5:06
  now completely backing away from the deal under pressure from
• 5:09
  Israel and domestic allies. He posted a picture of a Mark 84
• 5:13
  bomb with his famous line written on it.
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  Thank you for your attention to this matter.
• 5:17
  So the picture right now is an administration scrambling to
• 5:19
  hold together a world order that is visibly slipping.
• 5:22
  Dollar weaponization on full display for every sovereign
• 5:25
  government, watching foreign central banks, seeing in real
• 5:27
  time what dollar dependency looks like when it's tested.
• 5:30
  And trust once broken, doesn't tend to come back.
• 5:34
  And when you look at the armabile through this lens, it
• 5:36
  starts to look like an empire repositioning for what comes
• 5:39
  after the Petro dollar. And that's exactly why I want to
• 5:42
  talk to you about the Bitcoin Way.
• 5:43
  Because understanding what's happening to the monetary system
• 5:46
  is only half of it. The other half is making sure
• 5:48
  your Bitcoin is actually yours. The Bitcoin Way will sit with
• 5:51
  you, walk through your entire custody set up and help you get
• 5:55
  it right. Whether you're just getting
• 5:56
  started with self custody or you've been stacking for years
• 5:59
  and want a second set of eyes. Everything we just laid out, the
• 6:03
  geopolitical fractures, the gold to Bitcoin bridge, Congress
• 6:06
  positioning before anyone else. It makes self custody more
• 6:10
  important, not less. Schedule your free 30 minute
• 6:13
  consultation at the bitcoinway.com/hurley.
• 6:17
  OK, so the most significant Bitcoin reserve legislation in
• 6:20
  history just dropped with bipartisan support, a trillion
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  dollar funding mechanism, and a geopolitical backdrop that makes
• 6:27
  it strategically urgent and nobody is paying attention.
• 6:30
  The question is why? James Lavish laid it out this
• 6:33
  week on the Bitcoin Macro Podcast.
• 6:35
  Your typical consumer is super frustrated right now because
• 6:39
  inflation's not 3%. Right.
• 6:42
  It's a slap in the face. Yeah, Dang.
• 6:45
  All the the houses are super expensive.
• 6:47
  So when you talk to young kids, I don't know if you have, you
• 6:50
  have kids are in their 20s and friends of that.
• 6:53
  And man, the despair on their faces with trying to get a job
• 6:58
  with AI coming out and, and, and, and just eating up middle
• 7:03
  manager and some of the low, you know, the lower entry jobs for
• 7:08
  data accumulation, that stuff and, and, and simple analysis.
• 7:12
  But you know, they're scared, really scared that they're never
• 7:17
  going to be able to own a home. They're never going to be able
• 7:19
  to catch up. The, the, you know, the boomers
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  of all the money, the, the government is broken.
• 7:25
  There's they're, that's just a bunch of fraud.
• 7:27
  They don't trust anybody. And they're, and like, this is
• 7:29
  literally the, the, the typical conversation with a 20 year old.
• 7:32
  They're like, I need to find a way to make money fast.
• 7:36
  How can I do that? Well, you know you can.
• 7:40
  The more there there were more, more money was spent on lottery
• 7:44
  tickets last year the United States than books, TV's, TV
• 7:51
  shows or or movies and and music all together they spend more
• 7:57
  money on lottery tickets. People did.
• 8:00
  Not the young people, but people.
• 8:02
  So why is that? Why is that?
• 8:05
  Because they're they need help. They they're desperate, they
• 8:08
  want, they just want to make money fast.
• 8:10
  So that's why you're seeing Polymarket and Kyle, she just
• 8:12
  explode in revenue. Like they're all betting on
• 8:16
  sports and and politics and anything.
• 8:19
  Just I got to have a quick win. When you're purchasing power
• 8:23
  bleeds out year after year, when housing continues to get further
• 8:27
  out of reach, when AI is threatening entry level jobs.
• 8:31
  When every institution feels broken, people don't have the
• 8:34
  bandwidth to notice that Congress just introduced a bill
• 8:37
  to buy a million Bitcoin. They're too busy trying to
• 8:40
  survive. And the numbers are staggering.
• 8:42
  Over the last six years, the S&P 500 has risen 130%.
• 8:46
  Over that same period, consumer sentiment has collapsed 55% to
• 8:51
  its lowest level since the data began in 1952.
• 8:54
  So stocks are at all time highs. Meanwhile, everyday people have
• 8:57
  never felt worse. That's not a healthy economy.
• 9:00
  That's two economies, one for the people closest to the money
• 9:03
  printer and one for everyone else.
• 9:05
  And Bitcoin is caught right in the middle of it.
• 9:07
  James Check published a piece over the weekend called Peak
• 9:09
  Apathy, and the picture he paints is exactly what it sounds
• 9:12
  like. Nobody's buying, nobody's
• 9:15
  selling, nobody's doing anything.
• 9:17
  The market has flat lined into the tightest trading range it's
• 9:20
  seen in years. Volatility has collapsed, and
• 9:23
  the only people posting with any confidence on X right now are
• 9:26
  bears. Mark Cuban just announced he
• 9:29
  sold most of his Bitcoin and told the world it's lost.
• 9:32
  The plot and Checkmate's conclusion is the part that
• 9:34
  matters. These are the exact conditions
• 9:37
  from both an on chain in a sentiment perspective that show
• 9:39
  up in very late stage bear markets and early bull markets.
• 9:43
  Every Bitcoin bear market to date has ended and it almost
• 9:45
  always ends when everyone still thinks it will continue
• 9:48
  indefinitely. Now layer the macro on top of
• 9:50
  all of this. Kevin Wash was sworn in as the
• 9:52
  new Fed chair three days ago and markets are still split on
• 9:55
  whether he's going to cut or hike interest rates.
• 9:58
  Fed futures are pricing a coin flip chance of a hike by early
• 10:01
  next year. James Lavish wrote a piece in
• 10:03
  his informationist newsletter this week called What If the Fed
• 10:06
  Raises Rates and he walked through all three options.
• 10:09
  Hike, hold or cut. the US has 39 trillion in debt and the
• 10:14
  interest alone is eating over a trillion dollars a year, more
• 10:17
  than the country spends on defense.
• 10:19
  The debt is so big now that it doesn't matter which lever Wash
• 10:22
  pulls, Every door leads to the same room. the Fed ends up
• 10:26
  printing money to keep the system standing, and I think the
• 10:29
  armabile is a response to that reality.
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  So if the fiscal math is this broken, if the petrodollar is
• 10:34
  fracturing, if the system is forcing the basement no matter
• 10:37
  who sits in the chair, where does that lead?
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  Luke Groman sat down with Marty bent on TFTC last week and
• 10:43
  walked it all the way to the end.
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  I think it's start with gold. I think it's started.
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  I think it's accelerating. Obviously, gold's higher than
• 10:50
  treasuries and global FX reserves as we speak that
• 10:53
  surpassed that last year. I think it's going to continue
• 10:55
  simply because there's just trust is breaking down and if
• 11:00
  you don't hold it, you don't own it.
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  And the repeated weaponization of the dollar and treasuries and
• 11:04
  FX reserves, etcetera. So I think it'll start with gold
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  and I think you'll see, you know, trade net, settle in gold.
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  I think you'll, you know, China has that framework completely
• 11:17
  set up. It continues to boggle my mind
• 11:19
  that it's like hiding in plain sight.
• 11:21
  There's a yuan clearing offshore, yuan clearing bank in
• 11:24
  every single major gold hub, London, Switzerland, Singapore,
• 11:30
  UAE, Hong Kong and of course, in Shanghai.
• 11:36
  Why? Well, because if China's paying,
• 11:39
  you know more. With yuan, particularly in
• 11:42
  commodities, there's going to be commodity producers ending up
• 11:46
  with some excess you want and they're going to need to do
• 11:49
  something with it other than buy Chinese goods with it, solar
• 11:52
  panels, batteries and ID, etcetera.
• 11:55
  And they're recycling into gold. You can see it clear as day if
• 11:57
  you look at Switzerland's gold exports to Saudi Arabia.
• 12:00
  It's astonishing chart, right? So there's an offshore yuan
• 12:04
  clearing bank in Switzerland and Swiss gold exports to China.
• 12:08
  They're like this over the last four years since since we
• 12:12
  sanctioned Russian FX reserves, which is interesting because I
• 12:16
  had two different people that don't know each other.
• 12:18
  They're long time veterans in the oil market say to me, and I
• 12:20
  quote, the Saudis were horrified, quote, horrified by
• 12:26
  the US sanctions of Russian FX reserve.
• 12:28
  And so now it looks like you've got Saudi net settling some
• 12:32
  portion of their oil sales in gold.
• 12:34
  That's just a fact. You know, if you look at the
• 12:36
  trade flows, if Saudi purchases of gold from, so you'll say
• 12:39
  Swiss exports of gold from Switzerland to Saudi or like
• 12:42
  that some portion of Saudis gold oil exports are getting settled
• 12:48
  in gold. Why they're either converting
• 12:51
  dollars or you want it doesn't really matter.
• 12:53
  You know, it's which Chuck E Cheese token you use to buy the
• 12:55
  gold doesn't really matter. But my point is the Chinese have
• 12:57
  facilitated to make it very easy to do that.
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  And so that to me is the road map.
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  I think that's going to continue.
• 13:06
  I think the Chinese are going to continue to do that.
• 13:08
  I think others in Asia will do that.
• 13:10
  And I think what we're seeing in in, you know, if you call up a
• 13:13
  chart of, you know, the two year Japanese, you know, government
• 13:15
  bond yield against gold over five years, like they're the
• 13:18
  same chart. Japanese people are very
• 13:20
  monetarily sophisticated. They're smart people.
• 13:23
  Like they know where this is going.
• 13:25
  They, you know, they did the same math Kyle Bass did on Japan
• 13:27
  15 years ago. Like once it gets to a certain
• 13:30
  number, they're screwed there. There's no way out.
• 13:32
  So what do you buy when you buy gold?
• 13:36
  So now Bitcoin, I think is ultimately I think going to
• 13:42
  serve that role as starting with sort of the people, if you will,
• 13:48
  rather than sort of the official dumb.
• 13:52
  But in the short run, it trades as as sort of high beta tech.
• 13:55
  And if rates are going up on high beta tech, not good rates
• 13:59
  are going up on high, you know, on on Bitcoin is not good for
• 14:04
  now. Now ultimate is to be really,
• 14:06
  really good because there's nothing more bullish for a
• 14:08
  neutral reserve asset then sovereign insolvency.
• 14:14
  There's nothing more bullish for a neutral reserve asset than
• 14:16
  sovereign insolvency. And remember, Groman isn't a
• 14:20
  conviction LED Bitcoiner. He sold most of his Bitcoin late
• 14:22
  last year. He's just a macro analyst who
• 14:24
  spent his career studying sovereign debt, trade flows, and
• 14:28
  central bank reserves. And when he follows incentives
• 14:30
  all the way through, he arrives at gold first as the
• 14:33
  institutional play, then Bitcoin from the ground up.
• 14:36
  And notice what the Armor bill does?
• 14:38
  It follows the exact same logic. Revalue the gold to buy the
• 14:42
  Bitcoin. The legislation and the macro
• 14:44
  thesis arrived at the same conclusion independently.
• 14:47
  Gold is the bridge and Bitcoin is the destination.
• 14:51
  OK, before I bring this all together, I want to let you know
• 14:53
  that we're building something really exciting at Simply
• 14:56
  Bitcoin that you won't want to miss.
• 14:58
  Scan the QR code below or visit news.simplybitcoin.com/launch to
• 15:02
  learn more and be one of the 1st to see what's coming.
• 15:05
  Stephen Lebka wrote something this week that I keep coming
• 15:07
  back to. He said our current society is
• 15:09
  not a stable destination. It's a transitional zone, an
• 15:13
  uneasy bridge between the old world and the next one.
• 15:16
  At this point, standing still is not an option.
• 15:18
  We don't know if the armor bill passes.
• 15:21
  We don't know if this administration sees the gold to
• 15:23
  Bitcoin bridge the way we do. But the incentives point here,
• 15:27
  the math points here, the game theory points here, and now the
• 15:30
  legislation exists. Peak apathy and maybe peak
• 15:34
  convergence and almost nobody is watching.
• 15:38
  That's not a problem, that's a signal.
• 15:40
  All right now I want to hear from you.
• 15:42
  Did you even hear about the armabile before this episode?
• 15:45
  How is this not the biggest story in Bitcoin right now?
• 15:47
  Are you watching the geopolitics?
• 15:49
  Are you still focused on the short term price chart?
• 15:51
  And if the gold to Bitcoin bridge is the play, what does
• 15:54
  that mean for your timeline? Drop your thoughts in the
• 15:57
  comments below. Hit the like button.
• 15:59
  If this one clicked for you, share it with someone who thinks
• 16:02
  Bitcoin has lost the plot and subscribe to Simply Bitcoin so
• 16:05
  you don't miss what comes next. Thanks for watching, I'll catch
• 16:08
  you on Thursday.