Latest / Simply Bitcoin / The Mainstream Media Is LYING to You About Bitcoin! | Bitcoin Simply

Transcript

The Mainstream Media Is LYING to You About Bitcoin! | Bitcoin Simply · Simply Bitcoin

• 0:00
  This crisis is different, right? And I think we need an emergency
• 0:04
  break the class plan. That was former Treasury
• 0:07
  Secretary Henry Paulson calling for an emergency plan.
• 0:10
  A plan for what? In a recent interview, he says a
• 0:13
  U.S. debt crisis worse than the great financial crisis is
• 0:16
  coming. If bonds continue to collapse,
• 0:19
  we're in serious trouble. And at the same time, US
• 0:22
  inflation rose above 3%. The new Fed chair, Kevin Walsh,
• 0:25
  will be backed into a corner the moment he enters the office.
• 0:28
  How will he generate demand for Treasuries without blowing out
• 0:31
  our $39 trillion debt problem? The immediate solution?
• 0:35
  Stable coins through Tether. With the US dollar's role as the
• 0:38
  global reserve currency fading away, America has two choices,
• 0:42
  collapse like Rome or switch to a new financial system before
• 0:45
  it's too late. Today I'm going to walk you
• 0:47
  through why Bitcoin is inevitable and why financial
• 0:50
  institutions are building the new financial system right now
• 0:53
  because they know the old system will collapse.
• 0:56
  But mainstream media wants to convince you that Bitcoin is a
• 0:59
  tool for terrorists. This is down to the Coco
• 1:01
  Bitcoin. Simply, let's go.
• 1:07
  Henry Paulson was the Treasury Secretary between 2006 and 2009
• 1:11
  or the great financial crisis. He was responsible for crafting
• 1:14
  legislation that led China to become the largest holder of
• 1:17
  U.S. debt because no one else wanted to buy it at the time.
• 1:20
  And he's also responsible for the TARP program, the Troubled
• 1:23
  Asset Relief Program, or the program that made banks too big
• 1:27
  to fail. the US government would start to buy all of their bad
• 1:30
  loans and their bad equities onto its balance sheet, creating
• 1:33
  the debt problem that we have today.
• 1:35
  And although he wasn't perfect during the financial crisis,
• 1:37
  there's no doubt that he knows what he's talking about and he's
• 1:40
  seen this situation before. And he said today we're in an
• 1:43
  even worse spot than we were then.
• 1:45
  This crisis is different, right. If it when you hit the wall and
• 1:50
  you're trying to issue treasuries and the Fed is only
• 1:54
  buyer and the prices of of the treasuries are going down,
• 1:57
  interest rates are up. That's a dangerous thing.
• 1:59
  And so I went, the thing I am talking about now is we know
• 2:05
  when people say, when are you going to hit the wall?
• 2:07
  I obviously don't know, it's impossible to know.
• 2:10
  But the law of economic gravity, you're, you're not going to know
• 2:14
  that. So and when we hit it, it will
• 2:17
  be vicious. So we have to prepare for that
• 2:19
  eventuality. And I think we need an emergency
• 2:22
  break the glass plan, which is targeted and short term on the
• 2:27
  shelf, so it's ready to go when when we hit the wall.
• 2:34
  He's calling for a break glass emergency plan because he knows
• 2:37
  no one wants to buy our debt. With the yields rising, we now
• 2:40
  have to pay back more in interest.
• 2:42
  At the same time, we have rising inflation.
• 2:44
  Inflation just hit 3%. So if we do cut rates, well,
• 2:48
  we're going to be unleashing more inflation to an already
• 2:51
  hurting economy. Paulson realizes that the only
• 2:54
  way to finance your deficit debt machine is by papering over the
• 2:57
  old money with new money. And this signals the beginning
• 3:00
  of the end. We've seen this before.
• 3:02
  These sort of collapses in currencies precipitate the
• 3:05
  collapse of societies. Check out this conversation
• 3:07
  between Freddie New and Peter McCormick.
• 3:10
  Last time we had you here, I learned that you studied
• 3:14
  classics. I did.
• 3:15
  Based on your study of the classics and the fall of Rome,
• 3:19
  how do you compare it to where we are now?
• 3:21
  Currency debasement's a fantastic place to start.
• 3:24
  So the obviously we're all familiar with the pound
• 3:27
  sterling. Over the past 100 years, the
• 3:31
  pound sterling has lost about, I think 9596% of its purchasing
• 3:35
  power in the last century. And then if you lay that over
• 3:39
  the currency debasement in ancient Rome, the denarius
• 3:43
  started to lose purchasing power around about the time of Marcus
• 3:46
  Aurelius, the gladiator emperor most people will know him of
• 3:49
  played by Richard Harris I think it was in Gladiator.
• 3:52
  Then over the next 150 years that had a comparable decline in
• 3:57
  value. It's purchasing power by the
• 3:59
  time of dioletion was 3% of what it had been in the time of
• 4:04
  Marcus Aurelius. So in terms of pure time and
• 4:08
  pure number, those are worryingly similar to each
• 4:10
  other. Why is money the linchpin to the
• 4:14
  collapse of a empire? Well, I think it's because money
• 4:18
  is so fundamental to humans and to human society.
• 4:21
  We literally could not function without an abstract form of
• 4:25
  value that we can use to exchange goods and services.
• 4:29
  Most of your listeners will already be familiar with the
• 4:32
  coincidence of once problem, the idea that if you have an apple
• 4:35
  and I have a house, you we can't trade between each other unless
• 4:39
  maybe you've got half a million apples and you can sell those
• 4:42
  for something that I also want. So that's that's the coincidence
• 4:46
  of once in a nutshell. And money is crucially important
• 4:50
  for gigantic power structures like the Roman Empire and
• 4:54
  complex civilizations like our own because it really underlines
• 4:58
  who is going to end up in power and who's going to make end up
• 5:01
  making decisions that affect the economy and the people who live
• 5:05
  in it. All right.
• 5:06
  This gets back to the point that Michael Saylor brought up in my
• 5:08
  last episode, Fix the Money, Fix the World.
• 5:11
  Money is the underlying thing that unites all of us.
• 5:15
  We needed to have basic accounting of who owns what and
• 5:18
  how much of that thing that people own.
• 5:20
  But it also allows us to trade and barter.
• 5:22
  Without money, our system collapses, and without money,
• 5:25
  governments lose control of the power that they have.
• 5:28
  Therefore, they always take any means necessary to control the
• 5:31
  money and the money supply. And right now, there's no the
• 5:33
  question that the parallels between the British pound and
• 5:36
  the US dollar collapse are striking.
• 5:38
  Around 2000, the United States dollar had about 60% of the
• 5:41
  global reserve currency market share.
• 5:44
  Now we're at less than 40% and declining fast.
• 5:47
  The major difference between Great Britain and Rome and now
• 5:50
  is that we have an opportunity to build an off ramp before we
• 5:53
  get into this mess, the eventual collapse and decline.
• 5:56
  And the United States has an opportunity through the Clarity
• 5:59
  Act to extend its dollar hegemony.
• 6:01
  And the greatest and quickest way for it to do that and also
• 6:05
  solve its debt problem, because foreign buyers don't want to buy
• 6:08
  as much United States debt because they don't trust us, is
• 6:11
  Tether. Through USDT and their new
• 6:13
  Tether wallet, millions and billions of people will be able
• 6:16
  to have digital synthetic dollars that are backed one to
• 6:19
  one by United States Treasuries. And then the profits from that
• 6:23
  are taken and put into Bitcoin and gold.
• 6:25
  Bitcoin is clearly going to be the winner in this race, and the
• 6:28
  existing financial system knows that the current one is
• 6:30
  collapsing. That's why 60% of all of the
• 6:33
  major U.S. banks are getting into Bitcoin products.
• 6:36
  Do you hear that? That's the sound of Morgan
• 6:43
  Stanley ringing the closing bell at the New York Stock Exchange
• 6:46
  for the launch of their new Bitcoin ETF product, MSBT.
• 6:50
  But that's also the sound of the train getting ready to leave the
• 6:52
  station. Financial institutions know that
• 6:55
  it's time to get on board or they're going to get left
• 6:57
  behind. Traditional finance is a large
• 6:59
  industry to completely slowly for them to all adopt this new
• 7:04
  technology and for this technology to be fully
• 7:06
  integrated, fully it immersed in in all areas of finance just
• 7:10
  takes time. A lot of incumbent players are
• 7:13
  resistant to change. Their business model is fine
• 7:15
  without blockchain and then they don't want this thing.
• 7:17
  But the guys who resist over time will be left out.
• 7:22
  This is like, you know, the bookstores, if they launched
• 7:25
  e-commerce early, they might not be in Amazon, but if they
• 7:27
  resist, then they they get they actually give all the future to
• 7:31
  Amazon, right. So, so I think this is most
• 7:33
  likely what's kind of slowly happening.
• 7:36
  Many governments also don't want to give up their ability to
• 7:39
  control currency, which you know, is hard for them to give
• 7:43
  up. But it's happening.
• 7:45
  The technology is there. It will happen regardless, but
• 7:47
  it just takes time. Bitcoin is a neutral system that
• 7:50
  is inevitable, that allows us to get out of the mess that Rome
• 7:53
  and Great Britain could not. It cannot be stopped.
• 7:56
  The only way that it could be slowed down is through
• 7:58
  legislative means and through mainstream media manipulation,
• 8:02
  controlling the narrative and the propaganda about what
• 8:04
  Bitcoin actually is. Through their eyes, it's a tool
• 8:07
  for terrorism, crime and fraud. Last year, a crypto organization
• 8:13
  estimated crypto company estimated that $154 billion of
• 8:19
  illicit activity was financed via cryptocurrency, 154 billion
• 8:24
  last year, and that was a crypto company that made the estimate.
• 8:27
  Here's what's crazy about that. So Donald Trump is literally
• 8:31
  shilling for the product that allows our enemies to avoid our
• 8:37
  sanctions. Is that what this ultimately
• 8:41
  wild? Hold on, news flash, I hate to
• 8:44
  break it to you. You said $154 billion in illicit
• 8:47
  activity. I think you have something on
• 8:49
  your face. Well, that's because the
• 8:51
  existing financial system is responsible for over $3 trillion
• 8:55
  worth of illicit activity every single year.
• 8:57
  But let's get back to it. It's wild and to give you an
• 9:00
  example of how deep the corruption goes, the biggest
• 9:03
  stable coin company by far is this company Tether and Tether,
• 9:10
  their broker is Cantor Fitzgerald and Howard Lutnick
• 9:14
  was the commerce. Yes, that's how I mean guys,
• 9:18
  we're. Talking about through tether and
• 9:22
  like, who knows what's actually going on 'cause you said it's
• 9:24
  synonymous. But is it possible that through
• 9:27
  Tether, Russian oligarchs are moving oil to, let's make it
• 9:34
  worse, moving Iranian oil to China in exchange for drones and
• 9:39
  weapons? Well, it's not like it's not
• 9:42
  possible. It happened.
• 9:43
  It does happen. I mean, if you you can write,
• 9:45
  you can read stories about this and.
• 9:46
  Howard Lutnick profits from that.
• 9:50
  Or his kids technically, because he's technically not the but I
• 9:53
  mean, come on, what are we talking about?
• 9:55
  Holy all. Right.
• 9:57
  This breaks my heart because Jon Stewart, like me, is a William
• 10:00
  and Mary guy, and we're supposed to be some of the smartest
• 10:02
  people on the planet. I hate to break it to you, John.
• 10:05
  You cannot move Iranian oil or Russian drones through the
• 10:08
  tether or the Bitcoin network. That's simply not an application
• 10:12
  that blockchains are capable of. And then, I mean, can we talk
• 10:15
  about Jeffrey Epstein for a second?
• 10:18
  Nothing I'm aware of. I don't, I don't think you're
• 10:20
  allowed to, yeah. Is was he an early crypto do?
• 10:24
  Is that what that was? Yes, yeah.
• 10:26
  So his trafficking was enabled by that same system.
• 10:32
  One can assume, I mean, we don't have evidence of it because
• 10:34
  again, pseudonym, pseudonym any of the Ledger and who knows but.
• 10:37
  What we do and redactions and. Reactions but here's what we
• 10:41
  know we know in the emails that Epstein was funding something
• 10:47
  called Bitcoin core development, which is the group of
• 10:50
  programmers software engineers who maintain bitcoins operating
• 10:53
  system Yes there are people behind this supposedly, you know
• 10:57
  computer the computerized future.
• 10:59
  So he was funding that through the MIT Media lab.
• 11:04
  You remember the MIT Media lab there was a blow up some years
• 11:07
  ago a big article in The New Yorker.
• 11:08
  It's like this offshoot of MIT, this guy Joey Ito was running
• 11:12
  and they were had relationships with a lot of very wealthy
• 11:15
  people, including Bill Gates and funding various projects.
• 11:20
  So Epstein was, was basically funding keeping the Bitcoin
• 11:23
  system alive in 2015, at a point when it was kind of languishing,
• 11:27
  Silk Road had been shut down. There was a lot of fighting and
• 11:31
  and why would why would Jeffrey Epstein like crypto?
• 11:35
  Well, if your main businesses are blackmail and money
• 11:38
  laundering, you know. We we have buried the lead here,
• 11:42
  Ben. Wow, just wow.
• 11:44
  I don't even know where to start.
• 11:45
  Jeffrey Epstein single handedly kept the Bitcoin network alive
• 11:48
  in 2015. He funded all of bitcoins core
• 11:51
  development so therefore he's the one that controlled the
• 11:54
  entire network. He used it to do all of his
• 11:57
  trafficking activity with. Well we know one thing is
• 12:00
  possible even with the redactions.
• 12:02
  Jeffrey Epstein's actual banker was Jamie Dimon and JP Morgan
• 12:07
  Chase. They admitted that all of his
• 12:09
  accounts were with them in their bank.
• 12:11
  So where did the illicit activities actually come from?
• 12:13
  Before we go any further into this mainstream media fund,
• 12:16
  let's thank our sponsors. Lenin has been the leader in
• 12:19
  Bitcoin back loan since 2018, allowing you to get capital from
• 12:23
  your Bitcoin stack without selling your Bitcoin stack.
• 12:26
  Borrow against your Bitcoin. Have you been stacking
• 12:28
  faithfully over the years? And you can do so without any
• 12:31
  capital gains. You can repay this at any point
• 12:34
  in time and there's no credit checks so you don't enter the
• 12:37
  existing financial system. You post your Bitcoin to a
• 12:39
  Bitcoin wallet address and they send fee out to your account in
• 12:42
  less than six hours. I'm a personal user of this
• 12:45
  product because I do believe and borrowing against assets that
• 12:48
  continue to go up in value versus a debasing currency like
• 12:51
  the dollar. Get started by using the links
• 12:53
  in the show notes. Go to learn dot LED and dot AO
• 12:55
  slash simply and tell them I sent you.
• 12:58
  The other way that you can continue to be sovereign in your
• 13:00
  Bitcoin journey is by getting a coach.
• 13:02
  Don't learn all these tools and techniques on your own.
• 13:05
  Learn how to manage a private node so that you can manage your
• 13:08
  wealth anonymously, securely and confidently.
• 13:11
  A coach from their team will walk you through step by step
• 13:14
  how to do this. Go to thebitcoinway.com slash
• 13:17
  partner slash Dante Dash Cook. They'll hook you up.
• 13:20
  You're going to keep hearing mainstream media talk about
• 13:22
  Bitcoin as a tool for terrorists and a tool for crime, but even
• 13:26
  they can't deny the inevitability of Bitcoin.
• 13:29
  They're said to be paid to Iran in Chinese yuan or crypto.
• 13:33
  The Bitcoin Policy Institute says bad actors are usually
• 13:36
  paying with stable coins, and US authorities are cutting them off
• 13:41
  Watch. Stable coins can't be
• 13:44
  confiscated, but they can be frozen.
• 13:47
  So if you're a stable coin user who's working with the Iranian
• 13:50
  regime, your wallet can be identified if you don't practice
• 13:53
  good operational security and Treasury can sanction you and
• 13:57
  make it so your stable coins are moot.
• 13:59
  That runs in contrast to Bitcoin, where you can identify
• 14:03
  what list actors are using Bitcoin.
• 14:06
  But you can't freeze somebody's Bitcoin in the same way you can
• 14:09
  freeze somebody's stable coin. And that is an unintended
• 14:12
  consequence. I do want to say that crypto is
• 14:15
  a lifeline for many of the Iranian people as they see the
• 14:18
  value of their currency get devalued.
• 14:20
  But it's also a way that bad actors do things and we're
• 14:23
  noticing it. And as I said, cutting them off.
• 14:26
  Bitcoin is a lifeline for anyone that has a debasing currency,
• 14:29
  which is everyone in the world and increasingly more and more
• 14:32
  in the West as we experience the same decline that we talked
• 14:36
  about earlier with Rome and Great Britain.
• 14:38
  Bitcoin is a neutral tool that provides AUS government a means
• 14:41
  to build an off ramp out of the system where their only recourse
• 14:44
  of action is to print more money and kick the can down the road.
• 14:47
  Paulson himself said that we need an emergency plan right
• 14:51
  away because he sees the problems happening in the bond
• 14:53
  market with inflation running hot and a war continuing in the
• 14:57
  Middle East. Well, we don't have an option
• 15:00
  but to continue expanding our debt.
• 15:02
  We need to monetize a new system before the debasement of our own
• 15:05
  creates A collapse that we can't come back from.
• 15:08
  It always happens the same way. Bitcoin is the life raft.
• 15:11
  Don't believe the mainstream media.
• 15:13
  Before we end today, I wanted to give a shout out to my man
• 15:15
  Hurley. He's joining the Simply team
• 15:17
  with his new show, Truth Block. Hurley and I did our very first
• 15:21
  show together in January of 2024.
• 15:24
  I'm super excited to be back in the saddle with you, Hurley.
• 15:26
  Check out his first episode, which was absolutely fire
• 15:29
  yesterday. We dropped fire content like
• 15:31
  this seven days a week, which is why you should subscribe to the
• 15:34
  channel. This is Dante Cook with Bitcoin,
• 15:36
  simply happy stacking. One of the ways that you can
• 15:39
  stack beyond just buying by Bitcoin is by buying it through
• 15:43
  Bitcoin mining. The members from the team from
• 15:45
  SAS Mining will help you select a machine.
• 15:48
  They'll keep it running for you. They'll maintain it.
• 15:50
  They'll repair it if it goes down.
• 15:52
  They'll make sure that sats are flowing to your wallet at all
• 15:55
  times of the day. Use the QR code to get started.
• 15:58
  And with that, we're out. Don't believe the FUD, baby.