Latest / Simply Bitcoin / The $2,000 Stimmy That Could Send Bitcoin to $200K | Bitcoin Simply

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The $2,000 Stimmy That Could Send Bitcoin to $200K | Bitcoin Simply · Simply Bitcoin

• 0:00
  Oh, shutdown. Schumer has the government and
• 0:02
  the economy on the brink of collapse.
• 0:04
  We've seen an impact on the economy from day one, but it's
• 0:08
  getting worse and worse. We had a fantastic economy under
• 0:12
  President Trump the past two quarters, and now there are
• 0:15
  estimates that the economy, economic growth for this quarter
• 0:19
  could be cut by as much as half if the shutdown continues.
• 0:24
  What we're seeing is absolutely historic.
• 0:26
  The government shutdown has reached day 40, the longest in
• 0:29
  history. 750,000 employees have been furloughed, 10 to 20% of
• 0:33
  flights have now been cancelled, and active duty and service
• 0:36
  members of the military are not being paid despite being
• 0:38
  deployed overseas. Republicans and Donald Trump are
• 0:41
  backed into a corner. And So what does the president
• 0:44
  do? Well, he's guaranteeing
• 0:46
  stemmies. That's right, stimulus checks.
• 0:48
  And no, this isn't COVID. He's guaranteeing that everyone
• 0:51
  will get a tariff dividend of $2000 other than high income
• 0:55
  earning families. And while you're at it, he's
• 0:57
  also campaigning for a 50 year mortgage because housing is
• 1:00
  unaffordable. But the most troubling thing
• 1:02
  about this is that we're moving towards a route of stimulus and
• 1:06
  not capitalism in America. Signpost #1 Mom Donnie winning
• 1:09
  in New York by a landslide. Signpost #2 Elon Musk said even
• 1:13
  the most capitalist part of our society, our stock market, is
• 1:16
  now being taken over by socialism.
• 1:18
  We are on the brink of socialism in America.
• 1:21
  And it's the only feasible political platform to run on
• 1:24
  these days because the money is broken.
• 1:26
  And despite Bitcoin falling like a rock in October, Bitcoiners
• 1:29
  like Michael Seller are unfazed. Mamba mentality.
• 1:32
  We're on the brink of the greatest stimulus that markets
• 1:35
  have ever seen. And given what happened to
• 1:37
  Bitcoin after the government reopened the last time it shut
• 1:40
  down, well, we're on the brink of the greatest holiday gift
• 1:42
  that bitcoiners have ever seen. Merry Christmas, you filthy
• 1:45
  animals. We've never seen anything like
• 1:47
  this. And I'm going to break down the
• 1:48
  implications of the shutdown, the stemies and socialism in
• 1:52
  America. This is not to cook with
• 1:53
  Bitcoin. Simply, let's go.
• 1:59
  George, the best, the best way to do it.
• 2:01
  And look, you were involved in a lot of these in the 90s.
• 2:04
  And you know, you, you basically called the Republicans
• 2:07
  terrorists. And, you know, you said that it
• 2:11
  is not the responsible party that keeps the government
• 2:14
  closed. And So what we need is five
• 2:17
  brave moderate Democratic senators to cross the aisle
• 2:20
  because right now it is 52 to 352 to 3.
• 2:25
  Five Democrats can cross the aisle and reopen the government.
• 2:29
  That's the best way to do it, George.
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  I I can disagree with you about the history there, but we don't
• 2:33
  have a history lesson right now. George, let's.
• 2:36
  Talk about it. No, no, George.
• 2:38
  George, let's talk. Sir, let's talk about what's
• 2:39
  happening, right? Now I asked all your quotes
• 2:42
  here. I've got all your quotes here.
• 2:43
  I'm. Short, and I'm sure you do, but
• 2:47
  let's talk about the situation. Read your book.
• 2:49
  So you got 11 purchase on Amazon this week and that's very much
• 2:53
  what you said. Pew Pew.
• 2:55
  Did you hear that? There were shots fired on ABC
• 2:58
  this morning and an interview view between George
• 3:00
  Stapadopoulos and Scott Besson. The tension between Democrats
• 3:03
  and Republicans is at an all time high as the government
• 3:06
  shutdown continues to wage on the overall American economy.
• 3:09
  Americans need just five votes from people in the Democratic
• 3:12
  side to end this shutdown, but it doesn't look like the
• 3:15
  Democrats are willing to play ball.
• 3:16
  The shutdowns have been absolutely crippling and what's
• 3:19
  happening is now the Republicans are forced to respond and
• 3:21
  respond from a position of weakness.
• 3:23
  Jerome Powell and the Fed have a rate cut scheduled this month,
• 3:26
  but any actions taken outside of this would be deemed an
• 3:29
  emergency or deemed that the United States isn't as strong as
• 3:32
  what Donald Trump and this administration has postured a
• 3:35
  position of weakness. In order for Congress to step
• 3:38
  in, well, the government would need to be functioning and it's
• 3:40
  not an agreement can't be reached here without
• 3:43
  extraordinary measures. So the shutdown cripples the
• 3:46
  economy for a month. And so the Republicans are
• 3:48
  forced to do the only thing that they can right now is sell
• 3:51
  stemmies. That's right.
• 3:52
  Donald Trump is guaranteeing a $2000 tariff dividend to all
• 3:55
  Americans except high income earners.
• 3:58
  And that's why Scott Besson was, he's on TV this morning in the
• 4:00
  1st place. He's doing damage control.
• 4:03
  You know, it could the, the $2000 dividend could come in
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  lots of forms and lots of ways, George.
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  You know, it could be just the, the tax decreases that we are
• 4:13
  seeing on the president's agenda.
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  You know, no tax on tips, no tax on overtime, no tax on Social
• 4:19
  Security, deductibility of auto loans.
• 4:22
  So, you know, those are substantial deductions that you
• 4:26
  know are being financed in the tax bill.
• 4:29
  When you see clips like this from Donald Trump, again, think
• 4:32
  damage control. It's the only tactic that they
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  have with the government shutdown and the Fed chair not
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  being on their side. What most Americans don't
• 4:40
  realize is that any money received from the government is
• 4:42
  the worst form of money that you can receive.
• 4:44
  The unaffordable things for most people become more unaffordable.
• 4:48
  The everyday American will feel more pressure at the pump, at
• 4:51
  their insurance payment, and at the grocery store.
• 4:54
  The income earners in the middle class will see that stocks,
• 4:58
  equities and homes are going to become more unaffordable and you
• 5:01
  know it's not going to help A50 year mortgage, despite what it
• 5:04
  looks like on the surface. This is a tactic for the
• 5:07
  Republican Party to try to win the favor of people.
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  But the young Americans who've now deemed that their political
• 5:13
  parties don't represent them and things are unaffordable.
• 5:15
  This is debt slavery and socialism disguised in the form
• 5:19
  of a single family home. Let's break this down.
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  People like Bill Pulte, the head of the housing administration
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  right now for this current administration are saying that
• 5:26
  this is a tactic for everyday Americans to get well in fact,
• 5:30
  it's not. If you've ever looked at an
• 5:32
  amortization schedule in a home loan, what you see is that for
• 5:35
  the 1st 10 years that you have a mortgage, well you're not
• 5:38
  actually gaining any equity. You're paying interest and a 50
• 5:41
  year mortgage ensures that you won't be gaining any equity till
• 5:44
  about year 25. If you look at the median buyer
• 5:46
  of a home right now, which is 40 years old, the highest in
• 5:50
  history, well if you have a 50 year mortgage, this means that
• 5:52
  you won't have your house paid off until you're 90 years old.
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  Or let me put it another way, Dead Zonka, you dead man, Yes,
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  you are dead and you won't own your home.
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  So if you don't have your home paid off before you die, well
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  then who do you think is going to take it over when you do die?
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  And while you're alive, who are you paying?
• 6:09
  Oh yeah, the banks. The actual difference between a
• 6:12
  30 year mortgage and a 50 year mortgage in terms of payments is
• 6:15
  only a few $100 a month. But Oh yeah, I forgot.
• 6:17
  When we print stemies, while the inflation is going to go up.
• 6:20
  And so that $400.00 that you thought you were gaining is
• 6:22
  going to be eaten up by the cost of living, which is increasing
• 6:26
  faster than the equity quote, UN quote you're gaining in your
• 6:29
  home. And when you think about it, the
• 6:30
  home is now the most levered product that we can get as
• 6:32
  normal everyday people. We're not hedge funds or Wall
• 6:35
  Street and we can't get money for free, but we can with the
• 6:37
  home get 30X levered. Well, now you can get 50X
• 6:40
  leverage. So if you can now afford more
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  home with more leverage than what is the price of the home
• 6:45
  going to do? Well, it's going to go up and
• 6:46
  become more unaffordable. And your job isn't going to pay
• 6:49
  you $100,000 more to afford this new home price.
• 6:52
  So who's going to benefit? Existing homeowners, people that
• 6:55
  have 60% of their portfolio in homes or the people that the
• 6:59
  most single family homes in America like Black Rock and
• 7:02
  Blackstone. This is a move towards socialism
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  and we've already seen what happens when you start
• 7:07
  intervening in the economy like Japan.
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  They've already tried this with 100 year mortgages and in fact
• 7:12
  there's a large percentage of homes that sit unowned because
• 7:15
  they're too unaffordable. When governments and
• 7:17
  institutions intervene, well, capitalism goes out the window
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  and you think you have a form of ownership, but you have a sly
• 7:23
  form of something else, something more pernicious.
• 7:25
  Here's what happens when governments start to intervene.
• 7:27
  Putting on day one, we will expand and the city's special
• 7:30
  enforcement programs, doubling fines for hazardous violations
• 7:34
  and tripling them for conditions that are immediately dangerous.
• 7:37
  And when a really bad landlord like this guy refuses to fix
• 7:41
  such, the city's going to step in, make the repairs, and send
• 7:44
  them. OK, watching.
• 7:45
  It if that doesn't work, the city's taking over the building.
• 7:47
  We're putting the worst landlords out of business.
• 7:50
  He says we're going to take over the building.
• 7:53
  So it's theirs, it's the cities. So you mean like seize the means
• 7:56
  of production like communists? So he's saying the quiet mark
• 8:01
  out loud? Yes, and people voted.
• 8:03
  For that's right, Mom Donnie is already laying on a blueprint of
• 8:06
  what he's going to do to business owners in New York if
• 8:09
  they don't repair their buildings to his standards.
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  Mom Donnie winning in New York is a signpost.
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  It's not Democratic versus Republican.
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  It's a cry for the young Americans who believe that the
• 8:19
  American dream was not afforded to them.
• 8:21
  And I think that they have a point.
• 8:22
  Peter Thiel's article Capitalism isn't working for Young
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  Americans has gone viral. It's been one of the most famous
• 8:27
  articles on the entire Internet and he predicted this several
• 8:30
  years ago. And despite everything that he
• 8:32
  puts in this article, the real reason that it doesn't work for
• 8:35
  young Americans is because of the manipulation of the money.
• 8:38
  This happens at the end of every cycle.
• 8:40
  We call it the 4th turning in Bitcoin land every time we print
• 8:43
  more money, while the benefits accrue most to the people who
• 8:45
  own the most assets, and that's why the middle class has been
• 8:48
  hollowed out. We're into the economy of the
• 8:50
  haves and the have nots and when we lose the most capitalistic
• 8:54
  part of our economy, the stock market to the favor of index
• 8:57
  funds and ETFs, which if we now put into mindlessly through our
• 9:01
  four O 1 KS and other investing instruments while we even lose
• 9:04
  the ability to vote on these stocks are the things that we're
• 9:07
  supposed to own. Elon Musk talks about this in a
• 9:09
  conversation between Timath and himself and the all in podcasts.
• 9:13
  Take a listen. Fundamental issue with corporate
• 9:15
  governance in publicly traded companies where you've got about
• 9:19
  half of the stock market is controlled by passive index
• 9:22
  funds and most of them out most of them outsource their decision
• 9:27
  to advisory firms and particularly Glass Lewis and
• 9:32
  ISS. I call them corporate ISIS, you
• 9:35
  know, so all they do is basically they're just, they're
• 9:39
  just terrorists. So, so, and, and they had, they
• 9:45
  own no stock in any of these companies, right.
• 9:48
  So I, I think that this, there's a fundamental breakdown of
• 9:50
  producer responsibility here where really, you know, any
• 9:55
  company that's managing, even though they're passively
• 10:00
  managing, you know, index funds or whatever that they do at the
• 10:03
  end of the day, have a fiduciary duty to vote, you know, along
• 10:09
  the lines of what would maximize the, the shareholder returns.
• 10:12
  Because people are counting on them.
• 10:13
  Like people, you know, have say, you know, have all their savings
• 10:19
  and say A4O1K or something like that.
• 10:22
  And they're, they're counting on the index funds to vote.
• 10:27
  Do company votes in the direction that would ensure that
• 10:32
  their retirement savings do as well as possible?
• 10:35
  But the problem is if that is then outsourced to ISS and Glass
• 10:38
  Lewis, which have been infiltrated by far left
• 10:40
  activists because you know where you know where far left, you
• 10:44
  know, you know where basically political activists go, they go
• 10:47
  where the power is. And so effectively Glass Doors
• 10:53
  and ISS controlled the vote of half the stock market now.
• 11:00
  Now, if you're a political activist, you know what a great
• 11:03
  place would be to go work ISS and Glass doors.
• 11:07
  And they do. We've talked about this on the
• 11:10
  show when we outsource our rights and our voting rights to
• 11:13
  a few firms like State Street and BlackRock and Vanguard,
• 11:16
  well, we cease to lose the ability to vote on even the most
• 11:18
  basic things that are capitalistic in our society.
• 11:21
  And This is why we advocate for Bitcoin on this show, not only
• 11:24
  because it will be a massive winner when liquidity comes back
• 11:27
  into the market, which every indicator shows that this is the
• 11:30
  only Ave. for politicians to take after the last government
• 11:33
  shutdown. When it came back, Bitcoin rose
• 11:35
  from like $4000 a coin to 69,000 $420.00 a coin the previous all
• 11:40
  time high back then in 2020 and 2019.
• 11:43
  But that's not why we only advocate for Bitcoin.
• 11:46
  We advocate it because it's the only bare asset that you can
• 11:49
  take actual ownership and custody of still that exists in
• 11:52
  the world today, a digital bare asset.
• 11:54
  And so smart bitcoiners don't sell their most prized
• 11:57
  possession, which is the only asset in the economy that you
• 12:00
  can actually take ownership of. You don't even own stocks
• 12:02
  anymore. BlackRock and Stage Street do.
• 12:04
  And instead of selling your Bitcoin, you unlock liquidity in
• 12:07
  your Bitcoin by working with a company like Leaden, the leader
• 12:10
  in Bitcoin back loan since 2018. Leaden allows you to keep
• 12:13
  custody and ownership of your Bitcoin without selling your
• 12:15
  Bitcoin. Borrow from your Bitcoin and
• 12:17
  have your Bitcoin posted in an address so that you know that
• 12:19
  it's not rehypothecated or lent out to somebody else.
• 12:22
  The process takes just two minutes to start, and Fiat can
• 12:25
  be in your account in less than six hours.
• 12:27
  There's no credit checks and it starts at just 12.4% versus 25%
• 12:31
  for a credit card. Go to learn dot leaden dot AO
• 12:34
  slash simply to get .25% off your first loan and to start the
• 12:38
  process of not selling your Bitcoin.
• 12:39
  And another way that you can take full ownership of your
• 12:42
  Bitcoin is by removing it from exchanges.
• 12:44
  Saying that that certificate that IOU that we have from my
• 12:47
  Bitcoin, Well, I'm going to actually take that.
• 12:49
  Thank you very much. Well, you can learn how to do
• 12:51
  that confidently, safely, securely, and privately by
• 12:54
  working with a coach. Schedule a free 30 minute
• 12:56
  consultation with the team at the Bitcoin Way.
• 12:58
  It's free. They won't charge you for it,
• 12:59
  but I guarantee you that you're going to be glad that you did.
• 13:02
  Take a meeting with someone from their team.
• 13:03
  Go to thebitcoinway.com/simply Bitcoin if you want to learn
• 13:06
  what I'm talking about. South, as we're coming up on the
• 13:09
  biggest printing event that we will see in the history of our
• 13:12
  time, we're not talking billions of dollars.
• 13:14
  The global financial crisis bank bailout was $700 billion, and we
• 13:18
  thought that was insane. What we're going to see is the
• 13:20
  tune of 10s of trillions of dollars.
• 13:22
  And with that, we should expect volatility in Bitcoin.
• 13:25
  This is not a bug of Bitcoin or a problem with Bitcoin.
• 13:28
  It's a feature, and Bitcoin is the only asset that will pay you
• 13:32
  for taking this risk. Bitcoin is another asset that
• 13:34
  everyone's all worked up about. Some people are very bullish,
• 13:36
  some people are very bearish, and lots of people in between.
• 13:39
  You've got bitcoins volatility as a feature, not a bug.
• 13:42
  This is 2018 to 2025 averages across Bitcoin, gold, US large
• 13:46
  cap stocks and bonds. Bitcoin looks pretty good here.
• 13:49
  Bitcoin has been the hurdle rate for a long time and I I think
• 13:52
  the the risk or the hesitation people have of buying Bitcoin,
• 13:58
  they point to the chart and say, look, I don't want that
• 14:00
  volatility. They say it's way too risky of
• 14:03
  an asset. I'm going to go to something
• 14:05
  like stocks or bonds or even gold.
• 14:07
  But then the yes, the downside is lower, but then the upside is
• 14:11
  no comparison. And I think that that's shifting
• 14:14
  over time. I think retail investors are
• 14:16
  understanding that more and more, especially younger retail
• 14:18
  investors. But it's still going to take a
• 14:20
  lot of time and a lot of education to convince people
• 14:23
  volatility is not necessarily a bad thing as an investor.
• 14:27
  Now what I noticed in this chart is you get 33% average annual
• 14:30
  return between 2018 and 2025 for Bitcoin and you get the average
• 14:34
  51% intra year draw down. And what I find interesting is
• 14:39
  you can just see like there's lots of volatility and then
• 14:42
  these other assets have much more muted volatility.
• 14:44
  And so in a way, if you want the return, you got to be able to
• 14:47
  stomach the uncertainty. You got to be able to stomach
• 14:49
  the volatility. And it reminds me always the
• 14:52
  saying, like, you get paid for the risk you take.
• 14:54
  And that is like the essence of Bitcoin.
• 14:56
  Yeah, you need a diamond hands to hold through these huge
• 14:59
  drawdowns, and Bitcoin has been the that's the story of Bitcoin.
• 15:02
  Bitcoin rewards you for having diamond hands and for holding
• 15:05
  longer than anyone else. And so don't be rushed into
• 15:07
  making short term decisions. You know what's happening right
• 15:10
  now. The Republican Party is backed
• 15:12
  into a corner. And it's not just the
• 15:13
  Republicans. The Democrats will be in the
• 15:15
  same place because the money is manipulated so much.
• 15:18
  And so when you think about this filter, listen to this clip from
• 15:21
  Scott Besson when he says 2026 is going to be a great year for
• 15:24
  everyone. Where do you see the next year
• 15:26
  going? I, I think next year we're going
• 15:29
  to go back to what we had in President Trump's first term,
• 15:32
  which was very solid high, not inflationary growth.
• 15:37
  So we're going to see very strong job growth.
• 15:40
  And Jesse, I think we're going to have what I call parallel
• 15:43
  prosperity. Main Street can do well.
• 15:46
  Wall Street can do well. It's been a long time since Main
• 15:49
  Street's done well. And that's what happened in
• 15:51
  Trump. One point O hourly workers did
• 15:54
  better than supervisory workers. The bottom 50% of households had
• 15:59
  a net worth increase that was higher than the top 10%.
• 16:02
  So we are going to see Main St. surge here along with Wall
• 16:06
  Street, which we've already seen.
• 16:07
  So I think it's going to be a great year next year.
• 16:11
  I think inflation is going to come down.
• 16:13
  You know, we're seeing gasoline prices come down.
• 16:16
  We're seeing we should see interest rates come down, which
• 16:19
  will help the housing market. Besson says that we're going to
• 16:21
  have a great economy for both Wall Street and Main Street, but
• 16:25
  those things have never happened.
• 16:26
  You can't choose and everybody can't win.
• 16:29
  There's going to be winners and losers, and the question is at
• 16:32
  what cost? Will we have a great year in
• 16:34
  2026, Scott? The Treasury general account is
• 16:36
  locked and loaded. And when you start to see this
• 16:38
  chart go down, well, that means that the Treasury is going to
• 16:41
  unload liquidity into the markets to the tune of a
• 16:44
  trillion dollars. And that's without leverage.
• 16:46
  That's actual cash. And when the Fed moves from
• 16:49
  quantitative tightening, the quantitative easing on December
• 16:52
  1st, well, you can be guaranteed that we're going to see
• 16:54
  fireworks in the stock market and in the economy.
• 16:56
  But the question is at what cost?
• 16:58
  We know the books are cooked with 40% of the numbers that go
• 17:01
  into CPI being made-up at this point.
• 17:04
  Anyway, the Republicans are in trouble and they need to buy the
• 17:06
  American vote. And so the question of our time
• 17:08
  is this got Bitcoin question mark.
• 17:11
  Late, Do you think it's gonna hit a million?
• 17:12
  I saw right, I do yeah. Listen, it's going to be a
• 17:14
  number of years before it does, but but no, I I absolutely do.
• 17:17
  First of all, the biggest families want it.
• 17:19
  The biggest private wealth funds want it.
• 17:21
  Fortune 500 companies are treasuring it every single day
• 17:23
  there there's people are hoarding Bitcoin.
• 17:25
  I mean, there are there are major nations out there that
• 17:27
  take all their extra energy and use that to mine to mine
• 17:31
  Bitcoin, right. And and so it's becoming truly
• 17:33
  like a a world class asset right now.
• 17:35
  All of a sudden you can also buy in your equity markets.
• 17:37
  You can buy it as far as ETFs, you can buy it, you know, as
• 17:39
  part of your four O 1 KS. You know your Roth IRA S and so
• 17:44
  it's incredibly valuable. The biggest families want it,
• 17:46
  the biggest private wealth funds want it.
• 17:48
  Fortune 500 companies are treasuring it.
• 17:50
  Do you own it and are you positioned to capitalize on the
• 17:53
  shutdown, the STEMI S and socialism moving into America?
• 17:57
  I don't know. You have to answer that for
• 17:58
  yourself. This is Dante Coke with Bitcoin.
• 18:00
  Simply happy stacking.