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$2M Bitcoin? | Max Keiser Says IT'S COMING! (Here’s Why) | Simply Originals · Simply Bitcoin

0:00
Did you know the stock market peaked on September 3rd, 1929?
0:04
Just weeks later it all came crashing down, triggering the
0:09
Great Depression. This guy's worried, and
0:11
apparently we should be too, according to Bloomberg's Mike
0:14
Mcglone who is out here saying get ready for 10K Bitcoin,
0:18
somebody better check his meds because everything happening
0:22
right now Max Keiser has foretold and now he's calling
0:26
for $2,000,000 Bitcoin. A massive reset is coming, the
0:30
break is over, the takeover is now, and the fourth turning is
0:34
here. We're talking dead spiral, a
0:36
world on the brink of war, and why stable coins are just
0:40
Hospice for the dollar. Is $2,000,000 Bitcoin in play?
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Well, you better strap in because this one is not for the
0:47
faint of heart. Isn't that amazing?
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It is. It is amazing.
0:54
They can tell you how many razors were sold at Walmart on a
0:56
Thursday, 9:00 AM, but they can't tell you how many
0:58
trillions of dollars in the black hole of debt killing the
1:00
world economy. We're in a full scale debt
1:03
deflation. I've actually got a black hole
1:05
of debt here. Stacey, I will demonstrate right
1:08
now. As you can see, these are the
1:10
mid Eastern investors wasting their money by throwing it into
1:13
the black hole of the American banking system.
1:17
Oh, there's the Icelandic banking system.
1:19
There's Citigroup. That's a big waste of money.
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Oh, there's JP Morgan. What a waste.
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The money. You see what I'm saying?
1:24
You get the point. It's a black hole of debt.
1:26
Where? Is it going this money?
1:27
It's it's. Just transferring the private
1:29
debt to the. Public debt, it's.
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Transferring the debt of a wealthy.
1:33
Financiers. To the tax.
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That are going to be paid. By the poor wage earners, the
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work they supposedly did to. Earn the bonuses.
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Haven't, has not. Proved to be.
1:42
Sustainable. I think what what we see with
1:44
these bailouts at the moment is more imaginary money being
1:48
pumped in and that makes the previous imaginary money seem
1:51
more real by comparison, thereby rising, making it rise in value.
1:55
So again, you know, just the more made-up stuff that you can
1:58
throw at this problem, the less bad it will see.
2:00
Is that true? Are bankers more dangerous than
2:02
standing armies? Well, we've seen what happened
2:05
in in September, so there's a grain of truth in there.
2:10
So why are we bailing out these bankers?
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You ask a German. I have no idea why we do.
2:14
I have nothing. Wrong with bankers.
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I was a banker myself, but I would tell you something.
2:17
Hey, we were. Both bankers brothers man, Hey.
2:19
Maybe that? Marries for a triple Scotch?
2:21
You bet. You bet.
2:22
This is the economic model of the Greenspan era.
2:26
It's called blowing bubbles. This is all that they did for 25
2:30
years after Reagan became president.
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Blowing bubbles. What do you think?
2:33
Peter Schiff? Alan Greenspan?
2:35
Arrested, drawn quarter tarred, feathered.
2:37
Confucian reigns in China. Really, I like that.
2:42
Once again, conflict in the Bermuda Triangle.
2:44
The global economy dials are spinning in opposite directions.
2:47
Nobody knows exactly where they were upside down right side up,
2:50
whether to add money, whether we're socialist, whether a
2:52
capitalist, and nobody seems quite sure.
2:54
FNA Well, let's start with that macro storm in the black hole of
2:58
death. the US is in a debt death spiral.
3:02
We're borrowing over a trillion dollars every 100 days.
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That's not some fringe blog saying it, that's straight from
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Treasury auctions. Every new bond issue looks like
3:13
a yard sale nobody wants to attend.
3:15
Yeah, big oof. Yields are ripping higher, the
3:18
10 year treasuries breaking levels not seen in decades, and
3:21
the so-called safest asset in the world is now the riskiest
3:25
bag to hold at in the global picture.
3:28
War is heating up in Ukraine, the Middle East, Taiwan and
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you've got a recipe for total systemic fragility.
3:34
And yet Bloomberg's Mike Mcglone gets on camera to say Bitcoin is
3:40
heading to 10K. So that's one thing is the
3:42
systematic risk, risk of Bitcoin is like nothing I've ever seen.
3:47
I fully expect it's to do, it always has in history to have a
3:49
normal 50%, maybe 60, maybe 70 higher or higher draw down.
3:55
And now you see an example of how extreme is.
3:57
But those two words, Bitcoin and treasury in the same sentence is
4:00
a complete oxymoron. So what happens to these tickers
4:05
once Bitcoin loses a zero? Well.
4:07
Exactly I I I it's that and they think that's that's what
4:10
happens. They get stopped out and then
4:11
it's time to buy Bitcoin. Maybe we'll get lucky this time,
4:14
but this is all predicated. Remember this this space helped
4:18
get that president elected. It was a bit of a Faustian
4:20
bargain and these things typically don't work out so
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well. That's why I point out is also
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remember who started this Michael Michael Saylor at at
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strategy. I mean, I was very close to my
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interviewed him in 2022. It was our first time that
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Bloomberg had an open event. And I agree with him.
4:36
That's when he jumped on board in 2020.
4:38
He jumped on board with Bitcoin with the main reason
4:40
MicroStrategy back then jumped on Bitcoin was his software
4:44
company didn't have a lot of upside potential.
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So that was fine and alternative.
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It worked great. He doubled down.
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You know, he he got a 10X and now he's doubling down and he
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actually has been taunting Warren Buffett for free and
4:55
heavy in cash. David, it's the most significant
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example of lesson you learn in the training pitch is never mess
5:02
with the market gods. Thou shall not tempt the market
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gods and he tempted the market gods and I wish them luck.
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But this I think I'm going to look back in history and write
5:11
in my book is this is an example of peak bubble.
5:14
And this is here's a problem also I have with Bitcoin.
5:17
There's 21 million other crypto currencies.
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People like Tom Lee have gone over the earth Ethereum like,
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OK, well there's another million you can wrote to and at some
5:25
point rotated. There's unlimited supply of and
5:28
only in 2009 was only one. Now there's 21 million or 20
5:31
million. So they're commodities and
5:33
they're expensive and people are buying them at the highs.
5:35
The lesson of commodities is they go down because they went
5:38
up and they go up because it went down.
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So I think we're just going to head towards that going down
5:43
phase and it's going to be pretty enduring.
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And things like Dogecoin are going to have to drop a couple
5:47
zeros and Bitcoin might, Bitcoin might drop a 0.
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Now to end all that thing, the US stock market has to stay
5:51
elevated. It's August, we don't have a
5:53
minor correction, but for now it's early days.
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That's why I think the end of this year is going to be so
5:57
telling. And that's why by the end of the
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year, if the US stock market is just up 5%, everything that the
6:03
Domino's tumbling. And so I think that's good
6:06
indications for that. Gold's.
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Gold's figuring it out. Mcglone thinks Bitcoin is going
6:10
to collapse while gold hits all time highs and Fiat burns.
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That's like telling the passengers of the Titanic that
6:17
the problem is the lifeboats. That's not analysis, it's Fiat
6:21
Coupe. Meanwhile, Max Keiser turning up
6:24
the heat. He's not talking about Bitcoin
6:26
crashing, he's talking about Bitcoin at 2 milli.
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And remember, this isn't some asshat from Bloomberg.
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Max has been on the Bitcoin bullhorn since it was under a
6:35
buck. He was telling you to stack sats
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before anyone even knew what a set was.
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The states will just will disintegrate because states
6:44
don't have any Bitcoin. So they will disintegrate and
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they will they'll go to war with each other.
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I was speaking with a a gentleman last night from
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Pakistan and you know, Pakistan and India recently got into a
6:55
bit of a kerfuffle jet fight in the air.
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He was saying, well, you know, the Pakistani jets cost us like
7:02
50 million and their jets cost 250 million and we shot down
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their jets and our bombs are 50 million.
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And I said, let me explain to you how a Bitcoiner sees this.
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A bitcoiner looks at you two countries going into debt to buy
7:17
weapons to kill each other, which you then have to pay for
7:19
by printing more money or borrowing more money.
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That means my Bitcoin goes higher.
7:24
So I mean, I could try to get you to buy Bitcoin and save you,
7:27
but I'm conflicted, you know, because.
7:29
The more you. Kill each other the more my
7:31
Bitcoin is worth. So, you know, I'm conflicted and
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you want me to help you, but you have to bottom out in the Fiat
7:37
money world. You have to bottom out on
7:39
warmonger. You have to bottom out on your
7:40
religious nonsense, you know, to accept Bitcoin.
7:43
If you're not going to, I don't care because you're just going
7:46
to print money to add into ad nauseam to Infinity.
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And it just means Bitcoin goes to yeah, it keeps going higher
7:53
and higher. So you know.
7:55
We'll see that the solution is here for you, but if you don't
7:58
want it, I don't care. Over the years, they laughed at
8:01
them, called them crazy. Well, who's laughing now?
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And I can tell you Kaiser's thesis is brutally simple.
8:07
The Fiat system is mathematically guaranteed to
8:10
fail. Every bond issuance, every war
8:13
spending package, every rate cut, it all pushes us closer to
8:16
reset. And when that reset hits,
8:19
Bitcoin doesn't just go up, it absorbs the whole system.
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That's where $2,000,000 comes from.
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It's 10th grade math, really. Now let's address this stable
8:29
coin debate, which is just shadow yield curve control.
8:33
Everyone loves to call it Tether and USDC, the bridge between the
8:37
old world and the new. But here's the reality.
8:41
Stable coins are Hospice care for the US dollar.
8:44
They don't fix the patient. They they just make the collapse
8:46
more, I don't know, comfortable when countries like Argentina or
8:50
Turkey rush into stable coins. What they're really saying is we
8:54
can't trust our local money. But we're not ready to jump to
8:57
Bitcoin yet. It's training wheels.
8:59
But guess what? Training wheels don't win the
9:02
Tour de France. Do I still believe in Bitcoin?
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Yes, of course. It's it's just getting started.
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Then the message and the path of Bitcoin is a is a deep spiritual
9:11
path and it's pulling in everything that can be
9:16
liquidated and put into Bitcoin is being liquidated and put into
9:20
Bitcoin. So that means that it's
9:23
demonetizing all Fiat money, obviously, but that's not a hard
9:26
thing to do because all Fiat money eventually goes to 0.
9:28
That's the history of Fiat money.
9:29
They've all gone to 0 or lost 99% of their purchasing power.
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None has ever escaped that fate. The average lifespan of Fiat
9:36
money is roughly 27 years, and the US dollar will not escape
9:40
that fate either. It's currently the world reserve
9:43
currency. There's a lot of interesting
9:44
things. To talk about the.
9:45
U.S. dollar and how that relates to stable coins and how that
9:48
plays out globally. That's an interesting topic, But
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the dollar itself cannot escape losing another 90% of its
9:56
purchasing power as it's already lost.
9:58
And that should happen pretty quickly for the same reasons
10:02
that all Fiat money ends up going to zero.
10:04
And that is that the countries that sponsor them engage in a
10:06
debt spiral. They borrow too much.
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They can't pay their debt. Now, the interest on the debt
10:10
for the American dollar is the single biggest item on America's
10:13
budget. It's bigger than the Pentagon.
10:14
It's bigger than the military is the interest on our debt.
10:17
So it's not that we can't afford to pay the debt.
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We can't afford to pay the interest on the debt.
10:21
That's called the debt spiral, and it always ends the same way.
10:25
And we're seeing. I guess to digress a little bit
10:29
in what's called the stable coin market is an attempt to stave
10:32
off the inevitable collapse of the US dollar.
10:34
I, I, I think of these stable coins and U.S. dollar stable
10:37
coins as like the Hospice for the US dollar.
10:40
You know, it's where the US dollar is going to die.
10:42
It'll just prolong the agony of having an unstable, worthless
10:47
Fiat money. And we see already what's
10:50
happening in the gold market. The gold market is woken up to
10:53
this after being kind of asleep for a while for a few years.
10:56
It's now hitting new all time highs.
10:58
Over 3000 gold will go to four, five, $6000 an ounce.
11:02
Bitcoin is 1,000,002 million, 3,000,004 million, $5,000,000 a
11:07
coin, right? That's the path that Bitcoin is
11:09
on. Everything that can be
11:10
liquidated and put into Bitcoin will be liquidated and put into
11:14
Bitcoin because everything goes to zero against Bitcoin because
11:17
Bitcoin is the best money that we've ever had as humans and
11:21
humans are compelled to seek the best possible money.
11:26
Humans effect essentially have a fetish for money and Bitcoin is
11:32
perfect. Stable coins only exist because
11:35
of the dollar's credibility. If people knew what we knew,
11:38
it'd have 0 credibility, hence why it's destined to go to 0.
11:42
When the dollar goes, they go with it.
11:44
Bitcoin doesn't need permission, it doesn't need reserves, it
11:48
doesn't need the Fed, and it doesn't need yield.
11:51
It's the thing. It's self sovereign money,
11:54
period. And if you want to level up your
11:56
Bitcoin journey right now, you need the right tools.
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We're about to bring it home today, but before we do, look at
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our likes 3 or 4. Times maybe?
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Let's zoom out. History runs in cycles 80 to 100
13:18
year cycles and we're deep in what Neil Howe would call the
13:21
4th turning. Every 4th turning brings crisis.
13:25
In the 1860s it was the Civil War.
13:28
In the 1930s it was the Great Depression and World War 2.
13:32
And now in the 20 twenties, we're seeing it again.
13:35
Financial collapse, global conflict and political
13:38
breakdown. But here's the twist.
13:39
For the first time in history, humanity has a monetary escape
13:43
hatch. In 1929, when the system failed,
13:47
people had nowhere to go. Today we have Bitcoin.
13:50
You mentioned one way to deal with this is obviously raising
13:53
interest rates to to to tackle inflation.
13:56
An obvious move. But what is the answer to this
13:59
problem? And what can the US Treasury and
14:02
the Fed do right now to deal with this looming crisis?
14:07
Well, yeah, raising rates is what Paul Volcker did in 1980
14:11
when the debt to GDP ratio. Had was that a?
14:15
That was a. Possibility and it worked after
14:18
a massive debt raising of interest rates into the 1819%
14:23
right? But the debt to GDP ratio right
14:26
now is. Is, you know, 10.
14:28
Times at least higher, so that's actually not going to work.
14:33
There is no solution. That's why people are running
14:38
into Bitcoin. That's why Bitcoin's worth over
14:40
a trillion dollars now. Why it's going to $10 trillion
14:43
now is that people are running for the hills.
14:44
They're getting out of Dodge. They're dumping their U.S.
14:47
Treasury bonds, they're dumping whatever they can, and they're
14:50
putting it into Bitcoin. And so Bitcoin, we're going to
14:53
see Bitcoin be the major winner in this sovereign debt collapse
14:57
globally. That's how you get to 2, three,
14:59
$400,000 per Bitcoin. Everybody knows it now.
15:02
Paul Tudor Jones, Stan Druckenmiller, Michael Saylor
15:06
over at MicroStrategy. They're all openly talking about
15:08
a speculative attack against the central banks.
15:11
Borrow at that cheap rate, buy Bitcoin and let them die.
15:14
That's what's going on. And Janet Yellen for one,
15:18
expects these interest or these inflation levels rather to
15:22
persist until mid 2022. Do you think that's an accurate
15:25
forecast, or could we see these problems that persist into the
15:29
years after that? You know, last year Johnny
15:32
Yellen said the biggest problem was deflation.
15:35
Then they said, oh, you know what?
15:36
It's actually inflation. Then they said the inflation was
15:39
transitory. Now they're saying the inflation
15:41
is going to be around for a few years.
15:42
We're at the beginning of a multi year secular inflation
15:46
that will last quite, quite a bit of time.
15:49
We are leaving a 40 year bull market in bonds.
15:54
It started when Volcker finished his job back in 1980 and Ronald
15:59
Reagan and Margaret Thatcher came to office.
16:01
And we've had 40 years of lower interest rates.
16:03
Well, that's now finished. We're going to have now multi
16:05
year period of rising interest rates.
16:07
It's going to be worse than the 1970s.
16:09
We're going to see major defaults across the corporate
16:12
world. We're going to see sovereign
16:14
defaults and we're going to see more countries like El Salvador
16:18
start to make Bitcoin legal tender to get out.
16:21
And they're openly mocking the IMF.
16:23
El Salvador is openly mocking the IMF on Twitter saying we're
16:28
buying Bitcoin, ha ha. And it's we're in a completely
16:31
new era, a new world, a new global standard, as Rand Paul, a
16:36
senator in in America, has called on Bitcoin to be the new
16:41
global monetary standard, Not the dollar, not gold Bitcoin.
16:47
Kaiser's not exaggerating. The 4th turning is the handoff
16:51
moment. Every old system dies, every new
16:53
system rises. This time Bitcoin is the system.
16:57
So let's stack it up. Mcglone says 10K Bitcoin.
17:00
Kaiser says to Millie. Who's right?
17:03
Look at the evidence. A debt spiral nobody can stop.
17:06
Fiat currencies failing left and right wars that require infinite
17:10
money printing and stable coins. Shadow yield curve control
17:15
propping up a dying dollar. Do you see why all roads lead to
17:19
Bitcoin? This isn't a question of if,
17:21
it's a question of how fast. Bitcoin is the arc, Fiat is the
17:25
flood, and those who don't climb a board are going to drown in
17:29
paper promises for the next 500 years.
17:33
Can you explain what you mean? Sure, of course I can explain
17:36
what I mean. You have a world where the train
17:42
is leaving the station. You know, Bitcoin is changed
17:45
everything fundamentally and those with coin or the coiners
17:50
versus those without coins, the no coiners.
17:54
There will be a split in in in the world and society and we
17:57
won't be looking at the world in terms of nation states anymore.
18:01
I think the nation state becomes passe or disintermediated.
18:04
Central banks are obliterated and you have the global tribe of
18:10
millions of Bitcoiners who have all the money, and then they'll
18:14
be everybody else who doesn't have.
18:17
They'll just be living in a different reality.
18:20
And that template will be set for 500 years because Bitcoin is
18:24
perfect money and it's taken a million years to get to Bitcoin.
18:28
We finally achieved it, and now it's a day of reckoning.
18:33
If you have no coin, you'll probably be living in the
18:36
equivalent of hell. If you have coin, you will be
18:40
living in heaven. And that's why we say it every
18:42
single day. Take custody, stack sets, and
18:45
prepare. Because when the 4th turning
18:47
fully hits, you'll be glad you opted out.
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If you prefer to go down with the ship.