Latest / Simply Bitcoin / Worlds LARGEST Bank IS Coming For YOUR Bitcoin?! | EP 1361

Transcript

Worlds LARGEST Bank IS Coming For YOUR Bitcoin?! | EP 1361 · Simply Bitcoin

• 0:00
  The world's largest bank just made a massive Bitcoin move.
• 0:04
  And the timing of this announcement is very interesting
• 0:06
  considering that this same bank predicted 160K Bitcoin by the
• 0:11
  end of the year. And they've also been talking a
• 0:14
  lot about the debasement trade and how it's going to be massive
• 0:18
  for Bitcoin and of course, gold. But the real question is, will
• 0:23
  you be giving Jamie Dimon your Bitcoin?
• 0:26
  So let's get into this guys. And of course, I'm not alone.
• 0:29
  I got Sophie here filling in for Nico once again.
• 0:32
  I think until Monday, probably. Until Tuesday, who knows?
• 0:35
  Probably until. Tuesday, who knows anyways,
• 0:37
  guys, let me let me break this down for you guys so you guys
• 0:40
  know exactly what I'm talking about South Jamie Dimon or
• 0:44
  rather you know JP Morgan has been making a lot of moves or
• 0:47
  rather saying a lot of really good things about Bitcoin.
• 0:52
  I will get into kind of my my view on this a little later, but
• 0:55
  First off, let's start here. Of course, in the beginning of
• 0:58
  October, while we were all hyped up on you know, October memes
• 1:03
  and everything going on, we did get this news about Jamie JP
• 1:08
  Morgan saying that Bitcoin will hit 165 by the end of the year.
• 1:12
  It it was just when we hit 120 K, you know there's still a lot
• 1:17
  of time left in the year, so this this could still possibly
• 1:20
  happen. I know October so far hasn't
• 1:23
  been the best. It's actually been one.
• 1:25
  Like I think out of the 16 years in Bitcoin, it's been like the
• 1:29
  third or fourth red October. But hey, you know, Bitcoin makes
• 1:35
  most of its moves in about 10 days usually.
• 1:37
  So we can really be holding on Bitcoin for a lot of nothing.
• 1:41
  And if you're missing out on those few days in Bitcoin, then
• 1:44
  you're really missing out on most of the games.
• 1:46
  OK, moving forward, we have this.
• 1:49
  Remember, I've been talking about this for a while as
• 1:52
  bitcoiners, we've been talking about this idea for for the
• 1:55
  whole time of Bitcoin. You know the Lynn Alden memes of
• 1:59
  there's there nothing stopping this train there is the Larry
• 2:04
  Leopard memes of the big print is coming on the horizon.
• 2:07
  We've been seeing a lot of economic data come in and we're
• 2:10
  seeing what's going on in in the liquidity markets and it's not
• 2:14
  looking so hot here. So JP Morgan has been calling
• 2:17
  for the quote debasement trade, essentially people moving out of
• 2:21
  the dollar and looking for something stronger to store
• 2:23
  their value in. And actually interesting enough,
• 2:26
  the Google searches for debasement trade are at the
• 2:29
  highest level ever. And I like this little tweet
• 2:32
  here is because half, half the people searching it probably
• 2:35
  just just learn what the debasement trade means.
• 2:37
  So hey, the memes are are populating.
• 2:40
  People are starting to learn what is going on.
• 2:42
  At first, of course, they go around and and they don't know
• 2:45
  exactly what this debasement trade means.
• 2:48
  They're looking at Jamie Dimon and JP Morgan.
• 2:50
  They're like, what is he talking about?
• 2:52
  Jamie Dimon actually has been kind of a doomer.
• 2:55
  He is not that optimistic about where the future of the US
• 2:59
  economy is going. And I think all of this combined
• 3:04
  is really interesting when you consider what their latest move
• 3:08
  is, which is obviously the big breaking news here for today.
• 3:11
  So I do have it here on Bloomberg, but again, I don't
• 3:17
  have a Bloomberg account, so I'll just read the headline and
• 3:19
  it goes JP Morgan to allow Bitcoin and ether as collateral
• 3:22
  in crypto push. But I do have the Yahoo Finance
• 3:27
  article, which is open for everyone to see.
• 3:30
  And it is essentially quoting and saying the same thing.
• 3:33
  So I read both of them. It's it's essentially saying the
• 3:35
  exact same thing. So, so on Yahoo Finance, the
• 3:37
  headline is JP Morgan opens door to Bitcoin and Ethereum
• 3:41
  collateral for institutional clients.
• 3:43
  Of course, as we've been seeing, all the banks are lining up
• 3:47
  trying to position themselves to get into Bitcoin, or rather get
• 3:50
  your Bitcoin is how I would take this.
• 3:53
  But this does give us a sense of legitimacy.
• 3:55
  Of course, Bitcoin has been on the outside of traditional
• 3:58
  finance for its whole existence 16 years.
• 4:00
  And ever since the ETF was launched, ever since BlackRock
• 4:03
  got into Bitcoin, ever since Larry Fink said it was OK pay to
• 4:06
  hold some Bitcoin, you're starting to see the bank slowly
• 4:09
  but surely pivot their way into Bitcoin.
• 4:11
  Of course, now since Trump also got in, he has been saying we're
• 4:15
  going to have some regulatory clarity.
• 4:17
  We're no longer going to attack the industry.
• 4:19
  And I think this latest move is one of those interesting things.
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  I you can, you can very seriously make a case for this
• 4:26
  being extremely bullish. And on the other hand, on a more
• 4:29
  like Bitcoin maxi kind of paranoid take you, you can start
• 4:32
  to see what I've been saying. It looks like this might be the
• 4:36
  new attack from Wall Street. They're no longer going to fight
• 4:39
  Bitcoin. They're just going to find ways
• 4:41
  to get your Bitcoin, which is part of the conversation we've
• 4:44
  been talking about here in the US strategic Bitcoin reserve of
• 4:48
  quote budget neutral ways to acquire Bitcoin.
• 4:51
  Anyways, let me read this a little bit.
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  Of course, JP Morgan, one of literally the world's biggest
• 4:56
  bank by assets under management, well now allows institutional
• 5:00
  clients to use Bitcoin and the mother of all shit coin as low
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  and collateral by the end of 2025.
• 5:06
  This move marks one of the most significant steps yet by a major
• 5:09
  traditional bank toward integrating digital assets into
• 5:12
  mainstream finance, reflecting growing confidence in crypto
• 5:14
  currencies as legitimate financial instruments.
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  And I think just based off the, you know, on the surface level
• 5:21
  before we kind of dive down different rabbit holes, I think
• 5:24
  this is kind of like the big take away is it is legitimizing
• 5:29
  Bitcoin in the eyes of trad fi, in the eyes of, you know,
• 5:33
  individuals and, and Main St. as this is a legitimate financial
• 5:37
  instrument. If you don't have Bitcoin,
• 5:39
  you're going to be left behind. So more kind of a bullish take
• 5:43
  on this is like, OK, Jamie Dimon, JP Morgan, they're trying
• 5:47
  to come into Bitcoin. They're legitimizing this thing.
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  It's no longer just what what do you used to call it in?
• 5:52
  Was that Larry, I think was calling like an index of money
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  fund. I know he was, you know, there's
• 5:57
  been the Warren Buffett's of the world calling it rat poison
• 6:00
  squared. He, you know, Jamie Dimon
• 6:02
  himself went out and said like Bitcoin is for money launderers
• 6:06
  and you know, it's a pet rock type stuff.
• 6:08
  And slowly but surely you have heard his narrative shifting,
• 6:12
  obviously ever since the ETF was launched.
• 6:14
  And now we got to this point where hey, maybe they might not
• 6:18
  like Bitcoin again. Jamie Dimon said he kind of
• 6:22
  looks at Bitcoin like smoking. He you probably shouldn't be
• 6:25
  doing it, but he's not going to stop you from doing it if that's
• 6:28
  what you want to do. And that's kind of what his
• 6:30
  justification when they launched the ETF.
• 6:33
  He's like, I don't believe in Bitcoin, but hey, if my clients
• 6:35
  want to do this, then we're going to allow them to trade
• 6:38
  this product. Well, they took it one step
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  further. They are not just going to allow
• 6:44
  us to, you know, trade the ETF. They are going to use Bitcoin as
• 6:51
  collateral. And again, this is one of the
• 6:52
  big moves that bitcoiners have been talking about for a long
• 6:56
  time, maybe not just the average everyday, you know, Plaid
• 6:59
  Bitcoiner because let's be honest, most of us probably
• 7:02
  don't have the assets to really take advantage of these
• 7:06
  collateral loans. But if you're one of the whales
• 7:08
  in Bitcoin, you give hundreds of millions of dollars stored up in
• 7:12
  wealth in Bitcoin, you obviously want to use that well, some way
• 7:16
  and integrating that into the traditional financial system
• 7:19
  obviously is beneficial. So you know, I'm, I'm not taking
• 7:23
  anything away from this. I really do think it is bullish.
• 7:25
  This idea of collateralizing your Bitcoin so you can get
• 7:29
  loans off of it. This, this is a financial
• 7:32
  product and Bitcoin is a financial tool.
• 7:34
  And so eventually we will get there.
• 7:36
  And of course, like we partner with lead in which is just a
• 7:39
  pure Bitcoin Bitcoin company that does this exact same thing.
• 7:42
  So it is interesting that we are starting to see the competition
• 7:46
  be raised in this idea of Bitcoin being a collateral tool.
• 7:49
  So on that front, obviously extremely bullish because hey,
• 7:54
  whether you like Wall Street or not, them legitimizing Bitcoin
• 7:57
  is good for every single one of us.
• 7:59
  So the next point is, of course, Bloomberg revealed that the
• 8:03
  program will be offered globally and will rely on 3rd party
• 8:06
  custodians to securely hold the pledge crypto assets.
• 8:10
  At the time, sources suggest the bank might be begin offering
• 8:13
  crypto back loans sometimes next year.
• 8:15
  However, this latest update indicates that the launch could
• 8:18
  now happen by the end of year. So it sounds like they are
• 8:22
  accelerating this program. There's been rumors and
• 8:25
  conversations about this happening sometime next year.
• 8:27
  Now they're like, hey, we want to be the first one, the first
• 8:30
  big name to get to market with this product and here we are.
• 8:33
  So Jamie Dimon taking a huge pivot here.
• 8:36
  And of course, this comes on the back of all of the the other
• 8:40
  institutions getting into Bitcoin, notably, of course,
• 8:42
  BlackRock, Fidelity's been in the game, even Vanguard slowly
• 8:47
  but surely coming around to Bitcoin ETFs.
• 8:50
  We have State Street, like all of the big institutional asset
• 8:54
  managers are now positioning themselves to get into Bitcoin.
• 8:58
  So whether you think that's a good thing or a bad thing, I
• 9:02
  think this is one of those moments.
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  Like I've been saying, 2025 is going to be the year where we
• 9:06
  did fundamentally get legitimized in the eyes of
• 9:09
  everyday people, in the eyes of the institutions.
• 9:11
  Again, the institutions are here, but this is probably where
• 9:16
  like the PSA comes out and you, you just have to kind of
• 9:21
  acknowledge what could potentially happen here.
• 9:24
  And hence why I've been saying the last couple of days is like,
• 9:28
  look, Wall Street is here and they realize they can't stop
• 9:31
  Bitcoin. So their next move is figuring
• 9:34
  out ways for them to get Bitcoin.
• 9:36
  And the best way for them to do that is to incentivize you to
• 9:40
  give up control of your Bitcoin. So it seems like these big
• 9:44
  institutions want your Bitcoin. OK, I'm back.
• 9:54
  I don't know what happened, guys.
• 9:56
  The fight of our lifetimes is obviously ensuring that you do
• 10:00
  not give up your Bitcoin for yield or you know, whatever
• 10:05
  shiny convenience product they offer offer you for.
• 10:09
  Obviously I I understand if you do a little bit of your stack or
• 10:14
  maybe you want to use a little bit of your Bitcoin to better
• 10:17
  your life. Totally understandable.
• 10:20
  But it does seem like we are entering this era right now
• 10:23
  where they are trying to figure out any way possible for them to
• 10:28
  get a hold of your Bitcoin. So again, most of the Bitcoin is
• 10:32
  held in self custody. If they can't stop Bitcoin and
• 10:35
  we haven't gotten to the point of a six 102, some kind of give
• 10:38
  us your Bitcoin or else moment, the next best thing they can do
• 10:43
  is try to incentivize you to give up custody of your Bitcoin.
• 10:46
  And of course, who knows what happens later on when they
• 10:50
  control your Bitcoin. Of course, they did say
• 10:52
  specifically it's going to go to a third custody.
• 10:54
  And I'm always reminded of the white paper.
• 10:57
  This is like the whole idea of Bitcoin is that you don't need
• 11:00
  the middleman and now the middleman are here and they want
• 11:03
  to kind of insert themselves into Bitcoin.
• 11:05
  So on the one hand, extremely bullish Bitcoin is a legitimate
• 11:10
  thing to be holding it. It should be a part of your
• 11:12
  portfolio. On the other hand, there is a
• 11:15
  stark warning here. Do not be giving up your Bitcoin
• 11:18
  to the Jamie Diamonds of the world or the Larry Finks of the
• 11:20
  world. You know, if you really want to
• 11:22
  contend and figure out where we're going in the next 5 to 10
• 11:26
  years, it's going to be just like the ICO craze, the shit
• 11:30
  coin craze of the past. You know, I like Bitcoin.
• 11:34
  Give me your Bitcoin. So hey, that that's the, you
• 11:37
  know what, what I've kind of been seeing, it does seem like
• 11:40
  Wall Street is here. They're really, I think, serious
• 11:42
  about Bitcoin, but I think they're serious about your
• 11:46
  Bitcoin. And so that that's my concern.
• 11:49
  Just a reminder that third custody is not your custody.
• 11:53
  And it's becoming very clear that buying Bitcoin is buying
• 11:58
  power. And the more Bitcoin you have,
• 12:00
  the more power, the more leverage you have.
• 12:03
  So now these, these governments, these institutions, they're,
• 12:06
  they're trying to acquire as much as they possibly can,
• 12:10
  whether that's through seizure or through incentives.
• 12:14
  And so in like the how are they doing this?
• 12:17
  They're doing this the way that they know how, which is by using
• 12:22
  the work of the backs of people. They are so accustomed to being
• 12:27
  able to take power by just printing money and by taking
• 12:31
  that money and using it to make, you know, dance, monkey dance,
• 12:36
  making all of us work for it. And they get it for free that
• 12:40
  they're trying to do the same thing with Bitcoin.
• 12:43
  They're saying, oh, give us your Bitcoin will hold it under third
• 12:47
  party custody and we'll give you Fiat, which is absolutely
• 12:52
  worthless. And they know that it's
• 12:54
  worthless and they're starting to come around to that fact
• 12:57
  because they're realizing it's at its value and absolute
• 13:00
  scarcity. So buying Bitcoin right now,
• 13:02
  it's a power play, it's a leverage play.
• 13:05
  And the only way to get away from Fiat continuing to control
• 13:10
  us is to literally stack more Bitcoin.
• 13:13
  At this point, it's not so much it's about number go up, it's
• 13:16
  about accumulation. Take as much Bitcoin as you can
• 13:21
  while staying solvent of course, and take it into self custody
• 13:24
  and you will see how you will be the person who's making them
• 13:29
  dance, monkey dance. That's the power that you want
• 13:33
  to hold when you're holding Bitcoin.
• 13:34
  That's how you want to start to turn the tables and that is what
• 13:40
  they're terrified of. That's why they're starting to
• 13:42
  say Bitcoin can now be accepted as collateral.
• 13:46
  Bitcoin is now going to be part of a strategic reserve.
• 13:49
  On one hand, Opti is totally right.
• 13:51
  It is a way to legitimize Bitcoin and I love that because
• 13:57
  we've been saying it all along. But at the same time, do not let
• 14:00
  go of your principles. Keep holding Bitcoin stack as
• 14:04
  much as you can, because the day that they start owning the
• 14:09
  majority of it is the day that you will be found in the same
• 14:12
  position that we were before Bitcoin was ever discovered.
• 14:18
  Sophie gets some horns today. Sophie gets some horns today.
• 14:22
  But yeah, totally. Again, guys like I know I
• 14:27
  actually me, me and Sylvie were talking about this and I know
• 14:29
  I've been a cynic all week. I don't know, maybe it maybe
• 14:32
  it's how I'm just like, I'm tired, boss, OK?
• 14:35
  Maybe it's I'm just tired, OK? It's the price.
• 14:37
  It's the price. OK, has a sick in the stomach.
• 14:41
  Yeah. But this is I think the fight
• 14:44
  that that is the one that we're going to be in for a while now
• 14:49
  is, yes, we are being legitimized.
• 14:52
  Yes, we're having the big biggest institutions in the
• 14:55
  world start to embrace Bitcoin. We have nation states starting
• 14:57
  to embrace Bitcoin, but part of that comes with obviously some
• 15:03
  trade-offs and some concerns and attack vectors.
• 15:05
  And So what we've seen throughout the history of
• 15:08
  Bitcoin is the safest place to hold your Bitcoin is under your
• 15:13
  control. And as much as a lot of people
• 15:16
  look at the Jamie diamonds or the black rocks of the world, as
• 15:19
  you know, or even FDIC insured backed loans and all that stuff
• 15:23
  as the most legitimate place to be holding your money.
• 15:26
  You know, a lot of people justify asset managers are like,
• 15:29
  oh, we really need these, these guys, they're extremely smart.
• 15:31
  They know what they're doing, guys, they know what they're
• 15:32
  doing. But as we've seen throughout the
• 15:35
  history of finance, the history of Bitcoin, if you are putting
• 15:40
  your Bitcoin in exchanges or maybe some of these big bank
• 15:44
  institutions, potentially, there's a chance, a non zero
• 15:48
  chance of you losing that Bitcoin.
• 15:50
  And personally, I I think that that trade off is a little too
• 15:53
  high for where we are going right now.
• 15:55
  And I'm not, I wouldn't be trusting these guys again.
• 15:58
  Let's not forget the 2008 financial crisis.
• 16:00
  I, I, I basically became an adult during the 2008 financial
• 16:04
  crisis. You know, I was 18 at the time
• 16:06
  and was graduating high school. And that happened.
• 16:11
  And every time we find something new happening, it seems like
• 16:15
  it's a pivotal point in my life, just like as as, as I mature.
• 16:19
  But as we saw in the 2008 financial crisis, we know that
• 16:23
  the traditional financial system isn't as solid as they like to
• 16:27
  make it out to be. And if there is some kind of
• 16:30
  crisis in the trad 5 system, well, let's, you know, just look
• 16:34
  at the past and realize that you will not get fully refunded.
• 16:39
  All your assets will be wiped out.
• 16:41
  The people that 'cause this, they'll basically get a slap on
• 16:45
  the wrist, maybe a fine, and they'll be able to continue
• 16:48
  doing what they do. So This is why you want to
• 16:50
  protect yourself. What they hate is that you can't
• 16:52
  do that on a Bitcoin standard. You can't just get away with
• 16:55
  that sort of stuff, especially when the normal everyday person
• 17:00
  is holding Bitcoin. And that's why they are so
• 17:02
  desperate to hop on this bandwagon.
• 17:05
  All of a sudden, like I love, I love that saying gradually, then
• 17:08
  suddenly, suddenly is here. But don't forget that they are
• 17:12
  fighting us. They are fighting for control.
• 17:15
  These are people who are used to living a billionaire lifestyle
• 17:20
  and they're not going to give that up for anything.
• 17:22
  They understand power dynamics. They understand that being in
• 17:26
  power means they are trying to get a leg up by taking your
• 17:33
  Bitcoin for free. Like they don't have to pay for
• 17:36
  it. That's the thing.
• 17:37
  They just have to incentivize you and dangle, you know, little
• 17:41
  trinkets in front of you with Fiat and cheap interest rates.
• 17:47
  And then they can take the hardest asset that has ever been
• 17:50
  created. And that is, that is where
• 17:53
  people need to be strong. You know, you got to, you got to
• 17:57
  not give these people your Bitcoin.
• 18:00
  Literally find any way you can to keep Fiat mining, but under
• 18:06
  no circumstances sell your Bitcoin to these people because
• 18:10
  they will use this power against you.
• 18:13
  Whether it's two years from now, five years from now, or 10 years
• 18:17
  from now, they will use this power against your
• 18:20
  grandchildren. So keep your stack, hold your
• 18:24
  keys, hold the line. And you know, let them
• 18:28
  legitimize Bitcoin. Let them come to you.
• 18:31
  Let them beg for your Bitcoin, but do not give it up this
• 18:34
  easily. This is just the beginning of
• 18:36
  the fight. Dude, Sophie, Sophie's got bars.
• 18:39
  Sophie's got bars today it's Friday, Sophie's got bars.
• 18:42
  Anyways, guys, of course I I am going to cut this segment a
• 18:46
  little short because it looks like restream's acting up on me,
• 18:49
  so I need to refresh real quick. So I'm I'm, I'm we'll, we'll,
• 18:53
  you know, I'm going to keep it pushing.
• 18:54
  I'm going to keep it pushing anyways, guys, I do want to give
• 18:57
  or actually remind you guys to of course smash the like button
• 18:59
  comment on the show. Let us know what you think about
• 19:01
  the new studio and of course hit the subscribe button.
• 19:03
  You can watch Sophie dropping, you know, fire content on the
• 19:06
  channel, of course, towards Dante and resting in oceans.
• 19:09
  We got the most Bitcoin content period.
• 19:13
  And of course, huge shout out to our boys over at the Bitcoin.
• 19:17
  Well, if you want to buy Bitcoin, if you are sitting on
• 19:20
  the sidelines, if you're starting to see all of the stuff
• 19:23
  that we're seeing and you're concerned about what's going on
• 19:26
  in the world and you don't have enough Bitcoin, make sure you go
• 19:29
  to bitcoinwell.com/simply sign up to Bitcoin.
• 19:32
  Well, they never hold your Bitcoin.
• 19:34
  There's never a possibility of them rug pulling your Bitcoin
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  and they have never lost Bitcoin because they never hold your
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  your Bitcoin cold storage. This is the best way to buy
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  And that's what this is all about, taking Bitcoin into self
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  custody. Getting Bitcoin exposure isn't
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  enough. You need to secure that Bitcoin
• 19:59
  correctly in cold storage cause who knows what's going on.
• 20:03
  If it's not your keys, it's not your cheese.
• 20:05
  And of course, scan the QR code if you're watching on the
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  right now. I don't know what the current
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  Bitcoin price is. Anyways, guys 100 and. 10 Nice,
• 20:21
  nice. There we go.
• 20:22
  Anyways, guys, again, I'm I'm gonna, I'm gonna hit the
• 20:26
  commercial. I'm gonna refresh.
• 20:27
  Hopefully this Internet problem is figured out so I'll be right
• 20:31
  back in a minute. I wanna give a shout out to our
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  stamping tools. Once the words are in, they
• 21:09
  aren't going anywhere. No risk of the plate breaking
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  apart and pieces falling everywhere.
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• 21:45
  se-ed.com store. All righty then guys, we are
• 21:52
  back and the current Bitcoin price is actually let me refresh
• 21:56
  this. Current Bitcoin price is
• 21:57
  $110,460 per Bitcoin, which is a -12.4% decline from all time
• 22:03
  high and the market cap of Bitcoin is still $2.2 trillion
• 22:07
  and the block height TikTok next block.
• 22:09
  The only time that really matters is block height and we
• 22:12
  are currently at 920,582. I repeat 920582.
• 22:19
  All right, guys, this one, this one's kind of funny.
• 22:22
  OK, me and Sophie were laughing about this.
• 22:25
  I honestly thought this was AI when I was watching this.
• 22:27
  When I was watching this. We got to talk about it.
• 22:31
  Yeah. So as you guys know, yesterday
• 22:35
  we covered the story in the news about it's still acting up.
• 22:41
  ANYWAYS, yesterday I covered the story about CZ being pardoned by
• 22:45
  Donald Trump. And, you know, we broke it down
• 22:48
  and we we kind of talked about whether the Trump administration
• 22:52
  was really serious about all the things they're talking about
• 22:54
  Bitcoin today. We're we're not going to really
• 22:56
  take that that same angle. We did get this clip from Donald
• 23:01
  Trump being asked about it. And no joke, guys, I thought
• 23:04
  this was AI this morning. I'm like, that can't be real.
• 23:07
  And so, hey, it's Friday. You love them or hate them, this
• 23:11
  clip is is amazing. This is like top five things
• 23:14
  he's ever. Said this is amazing.
• 23:16
  Anyways, let's play the clip and we'll come back and chat about
• 23:18
  it. The founder of Binance, can you
• 23:22
  explain why you chose to pardon him and did it have anything to
• 23:24
  do with his involvement? In which one?
• 23:26
  Who is that the founder of Binance he has a involvement in?
• 23:29
  Europe, the recent one yesterday, I believe we're
• 23:32
  talking about the same break because I do pardon a lot of
• 23:34
  people. I don't know.
• 23:36
  He was recommended by a lot of people.
• 23:39
  A lot of people say that. Are you talking about the crypto
• 23:42
  person? A lot of people say that he
• 23:44
  wasn't guilty of anything. He served four months in jail
• 23:47
  and they say that he was not guilty of anything.
• 23:50
  That what he did. Well, you don't know much about
• 23:52
  crypto. You know nothing about you know
• 23:54
  nothing about nothing. You're fake news.
• 23:57
  But let me just tell you that he was somebody that, as I was
• 24:01
  told, I don't know. I don't believe I've ever met
• 24:03
  him, but I've been told by a lot of support.
• 24:07
  He had a lot of support. And they said that what he did
• 24:10
  is not even a crime. It wasn't a crime that he was
• 24:13
  persecuted by the Biden administration.
• 24:17
  And. Fact Check.
• 24:19
  True. You know, love him or hate him,
• 24:22
  CZ, as much as people want to say that he's, you know, a shit
• 24:27
  coiner and whatever, he didn't actually commit a crime.
• 24:33
  He just did something that the banks and the government like
• 24:37
  kind of looks down upon. But you can't really like point
• 24:40
  out to the actual law that CZ broke.
• 24:43
  So in my opinion, it was totally justified because like I said
• 24:47
  yesterday, eventually they're going to use the these things
• 24:51
  that they don't like against you.
• 24:53
  And Elizabeth Warren even fell into this trap.
• 24:56
  Shocker. She tweeted about how he
• 24:59
  released Trump released someone who was convicted of money
• 25:04
  laundering. Not true.
• 25:06
  He was convicted of not putting the proper rails for anti money
• 25:13
  laundering on his website or whatever on his exchange.
• 25:18
  And first of all, are exchanges even regulated?
• 25:23
  I mean, yeah, but was it based? But was it based in the?
• 25:26
  US it wasn't. It wasn't based in the US
• 25:28
  exactly. Second of all, does that make
• 25:33
  him the criminal or does it make the people who were money
• 25:36
  laundering the criminal? Because if you believe the
• 25:39
  former, then you must also believe that Ross Ulbricht was
• 25:44
  also a criminal, which he wasn't.
• 25:46
  You can't go to jail for speech. You can't go to jail for
• 25:51
  creating, you know, a a website or a platform.
• 25:54
  Like it's the people who are committing the crimes that are
• 25:58
  the criminals, not the people who made the website.
• 26:03
  Love it so, but I I just wanted to play this more about just the
• 26:08
  Donald Trump like like. You don't know nothing.
• 26:10
  You don't know nothing about nothing.
• 26:12
  Your fake news like you don't know crypto.
• 26:16
  You don't know crypto. You don't know nothing about.
• 26:18
  Nothing. Look, love him or hate the guy
• 26:21
  sometimes he still has some funny clips out there, but the
• 26:26
  the kind of more interesting part about this, besides the
• 26:28
  just fact that it was actually kind of like a hilarious savage
• 26:32
  response, is the. Hates Caitlin calling.
• 26:35
  I don't even know who that is, but.
• 26:37
  That was the woman who asked the question.
• 26:40
  Okay, got it. But anyways, the question is
• 26:44
  what a lot of Bitcoiners have been saying on Twitter.
• 26:48
  It's the same idea. So she was asking him about the
• 26:52
  pardon and whether it had anything to do with the fact
• 26:56
  that CZ or Binance does have this partnership with World
• 26:59
  Liberty Finance, which is, of course, his, you know, his
• 27:02
  family's exchange here. And what it, what it really kind
• 27:07
  of it it is, it is an interesting question to say the
• 27:10
  least. And of course it's a lot of
• 27:12
  ethics and stuff and there's a lot of questions that can be
• 27:15
  asked about this. But apparently Binance holds
• 27:18
  about $2 billion in the world Liberty Finance stablecoin, I
• 27:22
  forget what it's called, it's WLFI.
• 27:25
  And those funds generate literally multi millions of
• 27:28
  dollars by just sitting there. So the longer that CZ doesn't
• 27:31
  move those stablecoins, the more they accrue value.
• 27:35
  And I guess the number is somewhere around 80 to 80,
• 27:39
  $1,000,000 in annual interest that the $2 billion just
• 27:42
  chilling in world Liberty finance accrues.
• 27:45
  And of course the Trump family would essentially get like I, I
• 27:51
  think it's something like 40 to $50 million a year while that
• 27:55
  deposit remains intact. So it is, it is an interesting
• 27:59
  question. I, I don't really know the lady.
• 28:02
  And of course, there's probably some, some bent there and hey,
• 28:06
  this is probably why he snapped on her and kind of crashed out
• 28:09
  on her. But I don't know, that response
• 28:12
  was kind of classic. And I, and I kind of love it.
• 28:14
  You know, I, I, I still love some of the, the Trump edits,
• 28:17
  whether you like the man or not, and all of his faults, some of
• 28:20
  his clips are still just kind of hilarious.
• 28:22
  Like you don't know nothing about nothing.
• 28:24
  You don't know crypto. You are fake news.
• 28:27
  I don't know anyways, I I thought that was kind of AI
• 28:29
  literally thought it was AI. This one.
• 28:31
  I'm like that can't be real. And and so if you had to Fact
• 28:33
  Check me on that one, so kind of crazy.
• 28:37
  Yeah, let's see where that money goes, I mean.
• 28:41
  Well, it really, it really goes into the whole idea of like, how
• 28:45
  serious are they about Bitcoin? Well, they're making a lot of
• 28:50
  money because they're pretty serious about.
• 28:52
  It they're pretty serious. Incentives align They're.
• 28:55
  Pretty serious about taking your Bitcoin and.
• 28:57
  This is how you know. That you should, you should.
• 29:00
  Self and savage to them I'm. Serious.
• 29:03
  I mean, I'm worried. I'm worried that people will
• 29:06
  have weak hands, especially at this price because Bitcoin, you
• 29:11
  know, has been reported to be severely undervalued, even by JP
• 29:17
  Morgan Chase, who had said a couple of months ago, I think
• 29:20
  that it should have been at 160,000 by now.
• 29:24
  So if you said that a couple of months ago, imagine where we
• 29:26
  should be right now. I mean, we were all hoping that
• 29:29
  this would be October. It's getting more and more
• 29:33
  suspicious. It's downtober.
• 29:35
  It's wrecked. Over it's it's becoming more and
• 29:40
  more evident and suspicious to me as someone who distrust the
• 29:44
  government that it's, you know, this is this might be price
• 29:50
  manipulation. This might be a way.
• 29:53
  Dude, they're just giving us cheap sets because then they're
• 29:55
  gonna pump it. They're giving us cheap sats,
• 29:57
  but we don't have the liquidity to buy it.
• 30:00
  So what happens at the end of the month and in November, they
• 30:04
  are more than likely going to print more money.
• 30:07
  Life is going to become more expensive for us.
• 30:09
  That's going to do absolutely nothing for the the regular
• 30:14
  person. But the banks are going to be
• 30:16
  able to borrow all of that money and just check it off, put it on
• 30:20
  their tab at lower interest rates and they're going to buy a
• 30:25
  bunch of Bitcoin. And sure, like, maybe that makes
• 30:29
  the price go up. But by that time, like, who's to
• 30:32
  say whether somebody sold because they needed to pay their
• 30:36
  bills or, you know, stay solvent or do whatever?
• 30:40
  It's it's a very dangerous time for the everyday Bitcoiner.
• 30:46
  And just my suggestion is always just going to be keep your
• 30:51
  Bitcoin in self custody, keep stacking even and especially
• 30:55
  because you know these it is massively undervalued according
• 30:59
  to JP Morgan just. According to me, it's massively.
• 31:06
  Undervalued. Who's the source?
• 31:08
  Me. I.
• 31:09
  Made that me but I like this it is stacked over Sophie so it's
• 31:15
  cheap, so you can stack guys. This is this is the signal here.
• 31:18
  Hey, you know, love him or hate him, if he is manipulating the
• 31:22
  price, at least he's given us some cheap sets.
• 31:26
  So look, in the long term, this is going to we're going to be
• 31:28
  looking back at this and be like, man, what a long year.
• 31:33
  But if it pumps by the end of Q4, I'm sure we're going to be
• 31:35
  super happy about it. So it is stacked Tober.
• 31:38
  It is no longer October. The year of 2025 is stacked
• 31:42
  Tober. You should just be stacking
• 31:44
  Bitcoin. A lot of this is noise, to be
• 31:46
  honest. If your goal is just
• 31:49
  accumulating Bitcoin, you're getting cheaper Bitcoin, all of
• 31:52
  the crazy stuff stuff really doesn't matter too much.
• 31:55
  Obviously think it did it again. OK, it's hopefully it didn't pop
• 32:02
  pop me off. Anyways, it is a an interesting
• 32:07
  time and hey, cheap sats, it does seem like the price is
• 32:12
  consolidating very strongly above 100K.
• 32:15
  And I think it's just like boiling water.
• 32:18
  You know, at a certain point we're going to see the
• 32:20
  fireworks. You just got to be patient, keep
• 32:23
  stacking, keep taking that Bitcoin into cold storage.
• 32:26
  This is the way we all know where the long term of Bitcoin
• 32:30
  is going. It's going up forever up and to
• 32:33
  the right now. Is that going as quickly as
• 32:36
  maybe you want to? Probably not, but you probably
• 32:39
  shouldn't be making financial decisions where you need Bitcoin
• 32:42
  to double or triple so you can live your life.
• 32:44
  That's not what you should be doing.
• 32:46
  You should just be stacking Bitcoin and you know, it's
• 32:48
  stacking Bitcoin and chilling. That's that's like the safe as
• 32:52
  bet to do, but you got to make sure that Bitcoin is going into
• 32:56
  cold storage. So a stack of rice.
• 33:00
  I love that hard auto sacrifice. There we go.
• 33:04
  All right, guys. So we also, at least in America,
• 33:08
  we got inflation numbers, CPI numbers in, and then we got
• 33:13
  record-breaking debt numbers, guys.
• 33:15
  And it looks like the interest rate cuts are all but locked in
• 33:22
  now. It's just at how big they're
• 33:24
  going to be. And a very interesting kind of,
• 33:30
  I guess you could call it maybe leak of if these interest rates
• 33:34
  get cut, it looks like they're going to be printing a ton of
• 33:38
  money, a ton of money. Anyways, guys, after this
• 33:41
  commercial break, we will talk about it.
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  like me to do more ASMR. Amazing, amazing.
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  I think that's what our new ad should be.
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  No, I think we should actually make ASMR on the like.
• 37:04
  Who wouldn't fall asleep to? That that's you don't want them
• 37:08
  to fall asleep, you want them to buy things.
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  keys using promo code simply OK anyways anyways and also guys I
• 37:21
  don't know what's going on here so forgive the like one or two
• 37:23
  seconds where it bumps me it keeps bumping me off I.
• 37:27
  Think it's bumping us, but it's. No, no, people are saying that
• 37:31
  we got bumped off twice. So I don't know.
• 37:33
  I don't know what it is. The internet's been acting weird
• 37:37
  and also everything's been weird since the AWS was down, so that
• 37:41
  might be it. And yeah, anyways, anyways,
• 37:43
  let's let's get to the news story.
• 37:45
  So first and foremost, I do we, we got to go back to the handy
• 37:50
  dandy U.S. debt clock guys. So the US debt, U.S.
• 37:56
  National debt has officially, oops, wrong one has officially
• 38:01
  crossed $38 trillion. And I think the math that I saw
• 38:06
  yesterday is we are essentially printing about a trillion
• 38:10
  dollars every 180 days. So every what, what's that six
• 38:14
  months, every six months we are adding a trillion dollars to the
• 38:18
  national debt, which is just absolutely insane.
• 38:21
  Just totally sustainable. And of course we'll go down
• 38:26
  here. You guys like to see this
• 38:28
  number. the US total unfunded liabilities or unfunded debt is
• 38:33
  currently at 104, almost $105 trillion guys.
• 38:39
  Totally not sustainable. And of course your, your load of
• 38:46
  the debt is $110,000, or if you're a taxpayer, $327,000.
• 38:52
  Anyways, that was one of the news that came out this week.
• 38:55
  We have officially passed $38 trillion.
• 38:58
  And of course, most people are probably like, hey man, you
• 39:01
  know, the, the modern monetary theorists like just print the
• 39:04
  money. What does it say?
• 39:05
  This is Money we, we owe ourselves or whatever debt is
• 39:08
  money we owe ourselves. And we can totally fix this.
• 39:11
  It just, it just, it's becoming clear and clear that there's no
• 39:14
  way to actually fix this. And further, if you really
• 39:16
  understand kind of the actions they're taking right now, you
• 39:21
  know, there's only one way that they think they can fix this is
• 39:24
  basically print their their debt away.
• 39:26
  They're going to devalue the currency so much that the debt
• 39:29
  payments are basically non existent.
• 39:31
  That's the inevitable goal here. And we constantly show you this
• 39:35
  stuff. So $38 trillion U.S. debt.
• 39:38
  And of course, so we, we are the, we are the US and we are US
• 39:42
  centric, but every other currency is downstream from the
• 39:45
  US. So.
• 39:46
  I have a question, if you know say that the Bitcoin bill that
• 39:52
  Senator Cynthia Lummis wants to pass where you know we're buying
• 39:57
  5 million Bitcoin or what is it a million Bitcoin over five
• 40:01
  years? A.
• 40:02
  Million. A million Bitcoin over five
• 40:03
  years. Say that that passes and the
• 40:06
  United States actually decides to purchase Bitcoin.
• 40:12
  How would that like and how long would we presumably cut the
• 40:16
  debt? She claims that it would be cut
• 40:19
  in half. I don't know, in 20 years.
• 40:22
  I mean, literally, we have no clue.
• 40:25
  We don't know where the Bitcoin's going.
• 40:27
  Doesn't seem like they're actually going to buy the the
• 40:29
  Bitcoin. You know, it's a, it's a good
• 40:32
  narrative, but I don't know. I did.
• 40:35
  Just when you when you think about the technicals of it, it's
• 40:39
  just it really stops making sense.
• 40:42
  I mean, if they, if they keep printing money eventually and
• 40:47
  this bill passes eventually they would have to be, you know,
• 40:51
  eventually we would be forced into a Bitcoin standard.
• 40:54
  Eventually they will print Bitcoin to a billion gazillion
• 40:58
  dollars because Fiat has no top or bottom.
• 41:02
  Fiat has no bottom and so Bitcoin has no top.
• 41:04
  The. Only way that you could do that
• 41:06
  is by making number go up to Infinity.
• 41:09
  Which they do want to do so anyways, $38 trillion U.S. debt.
• 41:14
  Totally unsustainable, obviously, but the other thing
• 41:19
  that came out is the inflation numbers and they're a little
• 41:23
  happier about this. But all right, sorry about that,
• 41:29
  guys. I don't know what's going on.
• 41:30
  It's it's acting. It's really, it's really
• 41:32
  fighting me today. Anyways, I'm over here on CNBC.
• 41:35
  The inflation rate hit 3% in September, lower than expected
• 41:40
  after the long-awaited CPI report show.
• 41:43
  So Consumer Price index showed a .3% increase increase on the
• 41:47
  month, putting the annual inflation rate at 3%, both lower
• 41:50
  than expected, excluding food and energy.
• 41:54
  Again, the CPI numbers and this is probably where we're going to
• 41:59
  really take this. So the CPI numbers, it's.
• 42:02
  Food and energy is totally like, yeah, that.
• 42:04
  Doesn't matter. It doesn't matter.
• 42:05
  It doesn't matter the food prices and the energy prices, it
• 42:07
  doesn't matter. You know, you don't need that to
• 42:09
  labor anything. The real thing is about consumer
• 42:11
  spending here. That's that's what it really
• 42:13
  counts here anyways. Excluding food and energy, core
• 42:16
  CPI showed a .2% monthly gain and an annual rate also at 3%,
• 42:22
  also less than forecast. I mean, guys, look, look at the
• 42:24
  good news. It's less than they forecasted.
• 42:26
  So that's good, right? 1% less than they forecasted.
• 42:31
  Bull Run is back, baby. Yeah.
• 42:34
  We are so back. Anyways, going a little further,
• 42:38
  the BLS released the data specifically because the Social
• 42:41
  Security Administration uses it as a benchmark for cost of
• 42:44
  living adjustments and benefits checks.
• 42:46
  Otherwise, the federal federal government has suspended all
• 42:49
  data compilation. Now, I think that last point is
• 42:53
  probably 3, 3%. Yeah, exactly.
• 42:56
  I think that last point is probably all of the signal.
• 42:59
  So they have been saying, or I have been hearing that they're
• 43:02
  no longer going to be giving us the CPI numbers for the
• 43:05
  foreseeable future. That yeah, that's that's kind of
• 43:08
  what what I've seen some reports that that's what it said.
• 43:12
  Rather, they're only doing this because of the Social Security
• 43:14
  Administration needs this to, you know, get their numbers,
• 43:17
  their benchmark. So it looks like they're not
• 43:19
  even going to be recording the CPI, or rather they'll record
• 43:22
  it. They just won't show you what it
• 43:24
  is. So there's that.
• 43:26
  You know, on the one hand, she's like, all right, So we won't
• 43:29
  even know what the real numbers are and what, wait, hold on.
• 43:35
  We know these aren't the real numbers, but we still won't even
• 43:38
  get the fake numbers. So, you know, there's that.
• 43:41
  I think that might be a, a telltale indicator of how
• 43:44
  healthy everything is. From my perspective anyways.
• 43:48
  I do like Pomp's kind of take on this.
• 43:50
  And he goes, the government just reported inflation at 3%, but
• 43:53
  that is wrong. True inflation is showing.
• 43:55
  Inflation is actually at 2.3%. So it might be better.
• 43:59
  CPI is a broken and an accurate metric.
• 44:01
  So stop looking at it. Obviously, as we've always been
• 44:05
  saying, it's CP lie. It's not CPI.
• 44:08
  Those numbers are not real. The numbers are manipulated.
• 44:10
  They're basically just there to kind of paint the narrative that
• 44:14
  things are going well, so. When actually things are going.
• 44:18
  I mean, like, go, go to the grocery store.
• 44:21
  I know, I know the CPI number doesn't include food or energy,
• 44:24
  but things are more expensive than ever.
• 44:26
  I, I don't know about you, but the, you know, when I, when I
• 44:29
  treat myself to a rib eye on the weekend, those things are like
• 44:32
  $27.00 a pound. And you know, your, you know,
• 44:34
  your boy gets a good rib eye. And I don't just get a pound.
• 44:38
  I got to eat like a pound and a half to like feel satiated.
• 44:41
  Bro where are you buying these? Ribbons.
• 44:43
  What? What's that place I have on
• 44:44
  Whole Foods? Whole Foods got that danky God.
• 44:47
  You got to go to Sprouts. 1st I don't know where the sprouts is.
• 44:50
  I'm I'm still kneel out here. I'm still searching.
• 44:51
  I'm still searching. Anyways, my real take on this
• 44:56
  though is remember, I've been telling you guys for a while and
• 45:00
  we've been seeing this indication or rather this
• 45:03
  projection that they are. And actually we heard that one
• 45:08
  of the official, I'm, I'm blanking on who exactly it was
• 45:10
  right now. But they have come out and said
• 45:13
  that they are essentially going to normalize like a three, 3 to
• 45:16
  4% inflation rate that they're no longer going to hit that 2%
• 45:20
  target anymore because one, they can't actually do it.
• 45:23
  And two, again, they're just going to normalize the inflation
• 45:26
  rate to 3 to 4%. Get you used to that.
• 45:28
  So hey, inflation is lower than expected, but it's still that 3%
• 45:33
  by the fake numbers that they're giving us, which obviously is
• 45:38
  not good at all. So no longer are they, you know,
• 45:41
  taking from your, your, your wealth, your store of value, 2%
• 45:45
  a year now, hey, just be happy with 3%.
• 45:48
  It's not that bad. It's not as bad as we thought it
• 45:50
  was. Like 3% is better than 4%,
• 45:52
  right, guys? We're only going to take 3% from
• 45:54
  you. You know, I've seen the story
• 45:56
  before. Yeah.
• 45:58
  My, my parents have seen the story before.
• 46:01
  And so many people here in Miami have seen this story before.
• 46:07
  We, we cannot be Venezuela guys. We this is this is getting bad
• 46:13
  and getting normalized or getting accustomed to 1234
• 46:20
  percent whatever it normal. I got you.
• 46:28
  You got it. Yeah, I got you.
• 46:30
  But yeah, it's it's. Still acting weird enough.
• 46:32
  This should absolutely not be normal guys.
• 46:35
  As not normal as us getting booted out of our.
• 46:38
  Yeah, seriously, I know what's going.
• 46:40
  On I again, you know, we we joke about it on the show like
• 46:46
  they're going to print money, they're going to pump our bags.
• 46:49
  This is great everyone's like celebrating number go up, but
• 46:52
  you also have to remember that this makes the you know, the
• 46:56
  people who want to take your Bitcoin that much more powerful
• 47:00
  and it gives them that much more leverage to take your keys.
• 47:05
  And this is just we are entering.
• 47:09
  I mean, This is why Bitcoin was invented, right?
• 47:11
  This is why we we are bitcoiners, but at the same
• 47:15
  time, like we got to live right and other people have to live.
• 47:18
  We have to people who don't have Bitcoin have to live.
• 47:21
  So this is just this is. Brutal, I mean, and that's like
• 47:25
  the craziest part about this. If you aren't a bitcoiner right
• 47:28
  now, it is starting to become like that which way western man
• 47:33
  meme, you know, where like you have the one guy on one side of
• 47:36
  the bus and he's looking at the Cliff and he's like, you know,
• 47:39
  he's being me cynic and and pessimistic.
• 47:41
  And then there's the other Opti on the other side and he's happy
• 47:44
  and everything's doing good. If you aren't a bitcoiner at
• 47:48
  this point, like I, I can like my heart really goes out to a
• 47:51
  lot of people. Like it must be extremely hard
• 47:53
  to just survive and, and just do a normal job And you're the
• 47:58
  money that you use your currencies, that you use your
• 48:01
  savings. It's just all getting decimated.
• 48:04
  And I think the divide is going to just continue to increase,
• 48:08
  continue to get more and more. And this is where a lot of
• 48:10
  people say that, you know, Fiat money, the dollar eventually is
• 48:14
  just going to be like Ubi money. It's, it's just going to be like
• 48:16
  helicopter money and if you aren't on Bitcoin, then you're
• 48:19
  really not going to have any autonomy.
• 48:21
  You're not you're going to be stuck in that cage forever.
• 48:24
  There's no such thing as freedom, which really does lead
• 48:27
  into the, the last thing I want to talk about today is, um,
• 48:32
  well, in the culture, sorry, in the culture, 'cause I have one
• 48:34
  more thing is the push for digital IDs.
• 48:37
  It's, it's going, the push for digital IDs in the UK right now
• 48:40
  is like it's hitting a fever pitch.
• 48:42
  And luckily enough, a lot of people are kind of fighting
• 48:45
  this. They're like, we don't want
• 48:46
  this. And it's funny how their
• 48:48
  narratives are shifting, but you're you're starting to see
• 48:51
  the foundations in the building blocks build where if you aren't
• 48:55
  a bitcoiner, if you aren't seeking true freedom and
• 48:58
  sovereignty, but literally, you might not ever escape the you
• 49:03
  know, the quote UN quote matrix, as people like to say.
• 49:05
  And let me tell you, it is far less painful.
• 49:09
  It will be far less painful to learn about self custody and
• 49:14
  just sit down and try to get it. Then it will be trying to escape
• 49:20
  this matrix because every single day, as we're seeing through
• 49:24
  just this inflation story, it's going to get harder and harder
• 49:27
  to escape it. Well, because you know you're
• 49:33
  going to get less stats for your dollars, correct?
• 49:35
  Yeah, no, that's that's like, I mean, I was about to say that
• 49:39
  Bitcoin will become more and more valuable the more they
• 49:43
  print money and your purchasing power will decrease with time.
• 49:48
  So it is much better to learn about self custody now.
• 49:53
  Do you know? Do do your homework.
• 49:55
  It's not going to be impossible. If somebody like me could
• 49:59
  understand it, so can you. Well, it took Nico a lot of lot
• 50:04
  of arguments to get you to fully understand.
• 50:06
  It wasn't arguments. It took him answering a lot of
• 50:09
  questions. I was like, I was like a three
• 50:12
  letter agency on him, you know, like I was, I was asking him all
• 50:19
  the questions, all the doubts, all the whatever.
• 50:21
  But then I understood and you know, taking the time to
• 50:25
  understand this stuff is going to be worth the short term pain.
• 50:30
  It's a small sacrifice. It's a small price to pay for
• 50:34
  being able to survive this economy and have leverage on the
• 50:39
  people who want to essentially destroy you by keeping their
• 50:43
  power. Yeah.
• 50:44
  And I, I, I actually saw a post, it had nothing to do with
• 50:47
  Bitcoin. I think it's kind of relevant
• 50:49
  and it said most people and when it comes to money, like most
• 50:53
  people are, are kind of pushed more by losing than they are
• 51:00
  gaining. And by that it means like when
• 51:02
  you're, when you're talking about money, a lot of people are
• 51:06
  more incentivized by the ID or rather more, more emotionally
• 51:10
  kind of connected to the idea of losing what little they have
• 51:13
  versus gaining a little more on top of it.
• 51:16
  And I was thinking about this in like, of course, Bitcoin terms.
• 51:19
  And I'm not trying to like fear monger, monger or anything like
• 51:22
  that. But like it's a very easy
• 51:24
  parallel when you talk about Bitcoin.
• 51:26
  And instead of just like, you know, talking about all the good
• 51:28
  things, which is what we constantly try to do, sometimes
• 51:32
  you do just have to be like, hey, man, like whatever little
• 51:35
  you have, you're going to lose all of that.
• 51:37
  And it's literally like a biblical quote, you know, those
• 51:40
  who have will have more and those who have little, what
• 51:43
  little they have that that will be taken as well.
• 51:46
  And so when you're talking about people with people with your
• 51:48
  friends and family of like, how do I orange peel them the best?
• 51:51
  It's not about fear mongering, but you, you kind of do have to
• 51:54
  kind of, you know, paint your argument in a way where they
• 52:00
  start to understand like, oh, wow, like the money that I am
• 52:03
  using right now is losing value. It it like it is essentially a,
• 52:08
  a hamster wheel and there's no getting out of there.
• 52:11
  And so whatever you do have in the system right now, it could
• 52:15
  potentially be gone one day. And of course, with the move for
• 52:18
  CBDC and digital IDs that we're just about to talk about it,
• 52:22
  it's like it's no longer just theoretical.
• 52:25
  It's no longer just a conspiracy theory rabbit hole.
• 52:27
  Like it is a in reality right now.
• 52:30
  Anyways, I do want to put this in here before I move on.
• 52:33
  Sorry my software, it's just it's really acting up on me.
• 52:37
  It's it just booted everything that I have.
• 52:40
  It is this which I was telling you guys, it looks as if we are
• 52:47
  potentially going to see a lot of money be printed.
• 52:52
  So sorry wrong one. Here we go.
• 52:54
  So Fiat Squawk posted last night that the US Federal Reserve is
• 53:01
  most likely going to print $1.5 trillion following October and
• 53:07
  November interest rates cuts. So again, it looks like the
• 53:11
  interest rate cuts are completely locked in.
• 53:14
  The conversation now is how much are they going to cut?
• 53:17
  Is it going to be 50 bits? Is it going to be another 25
• 53:20
  bits? Some people have been
• 53:21
  speculating it's going to be 100, maybe 200.
• 53:23
  I, I think the hundred 200's crazy.
• 53:25
  I'm, I think the, the kind of 50 bit is where it should be, but
• 53:29
  still, if we get 250 bit, 50 bit rate cuts October, November,
• 53:35
  like that's also unprecedented. But they are speculating they're
• 53:40
  going to print $1.5 trillion. And I really like this Eli 5 of
• 53:45
  TLDR Twitter account. He goes, I'll explain what's
• 53:47
  happening. That $1.5 trillion of quote
• 53:50
  money printing isn't a choice. Bank reserves are down to 9.71%
• 53:54
  of GDP, which the threshold is 10% or it's like 9 point
• 53:59
  something or 10% is essentially how much the reserve the banks
• 54:03
  want in reserves compared to GDP.
• 54:05
  It's getting really, really kind of close to that that point.
• 54:09
  That's very scary. James Lavish wrote a great
• 54:11
  newsletter about this. Anyways, the Fed's own safety
• 54:13
  net is again, 1011. I saw it's like not it's
• 54:16
  basically right teetering right on the edge where we are.
• 54:19
  They have to act or the system breaks.
• 54:22
  This is like this September 2019 repo crisis and maybe worse.
• 54:26
  And a cash shortage sent overnight lending rates from
• 54:29
  roughly 2% to 10% in hours. the Fed had to print money then too.
• 54:33
  Plus the reverse repo facility, which is like a big cash buffer
• 54:36
  for the banks, is almost empty. It's basically gone now so
• 54:39
  there's no backup when things go bad.
• 54:41
  Spoiler. They will call it a technical
• 54:43
  adjustment to keep people calm. It's not.
• 54:45
  It's an emergency injection to prevent a liquidity crisis.
• 54:49
  Well, there's. No backup for us, but
• 54:51
  historically everybody, everybody else who caused this
• 54:54
  will get bailed out and will just continue as business as
• 54:59
  usual. Yeah, most likely, that is most
• 55:03
  likely what is going to happen. So again, $38 trillion debt in
• 55:08
  the US, inflation numbers are down ish, but it's still at 30%.
• 55:14
  We're going to see some rate cuts and now there's a rumor of
• 55:18
  they're probably going to print $1.5 trillion, they're going to
• 55:25
  print $1.5 trillion on top of the trillion dollars that
• 55:30
  they're printing every 180 days. So look, the liquidity, the the
• 55:35
  devaluing, the debasement trade, the the destruction of the
• 55:39
  dollar purchasing power, it's seemingly getting into OverDrive
• 55:44
  right now. As all the Bitcoiners say, the
• 55:46
  big print is coming. They can't stop this trend.
• 55:48
  We know what the inevitable outcome of this is.
• 55:50
  They have to keep printing money to keep the system going.
• 55:54
  Therefore, from our perspective, the thesis is This is why you
• 55:58
  need to hold hard assets. I know a lot of people like
• 56:00
  gold. From our perspective, we think
• 56:03
  Bitcoin is better. It's going to go up more.
• 56:05
  You can transact to anyone, anywhere at any time around the
• 56:09
  world. It's the, it's the best money
• 56:11
  period. Anyways, let's keep this going
• 56:14
  and we're going to go into the culture and talk about what is
• 56:18
  going on around the digital ID. They are literally telling on
• 56:21
  themselves. I got, I compiled a couple of
• 56:23
  clips. We're going to kind of, you
• 56:25
  know, I, I don't know if I want to say expose, but expose the
• 56:31
  narrative change that we've seen.
• 56:33
  So we'll be right back after our last commercial break.
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  freedom. All right, guys, we are back.
• 58:40
  So as I was telling you, obviously, we've been covering
• 58:45
  this push for digital IDs for a while.
• 58:48
  There's a a tandem attack here, which is of course, CBD, CS and
• 58:52
  digital IDs or as Nico likes to always say, it is Bitcoin or
• 58:55
  slavery. It is Bitcoin or a CBDC digital
• 58:58
  ID total panopticon world. That is the horizon, either a
• 59:03
  world built on more freedom or a world where everything you do is
• 59:07
  completely tracked and bagged completely, you know, surveilled
• 59:11
  by some kind of AI organization. Well, I got this clip here.
• 59:15
  It was originally posted on Sky News and it's the former Bank of
• 59:19
  England deputy John Cunliffe, I think Cunliffe, and he's talking
• 59:25
  about this Brit coin initiative. So again, yeah.
• 59:29
  Yeah. Oh God, Exactly.
• 59:30
  It's too much talk about stable coins.
• 59:34
  Well, this is more CBDC, but anyways, let's hear this clip,
• 59:37
  guys, because I think there's a lot of Freudian slips in this
• 59:40
  little short clip, something as Bitcoiners have been talking
• 59:43
  about for a long time. And when you hear them tell on
• 59:46
  themselves, you you should probably probably listen to what
• 59:49
  they're saying because it's not like we're Bitcoiners just
• 59:52
  reading into this anymore. They're literally saying what
• 59:55
  we've been saying. And we usually say it in a
• 59:58
  negative term and they try to flip this in the positive term.
• 1:00:00
  So we'll play this clip and then we're going to go down the Kier
• 1:00:03
  stammer rabbit hole here. At the moment the Bank of
• 1:00:08
  England, we issue banknotes, the notes that everybody holds in
• 1:00:11
  their pocket, but we don't hit issue any money in digital form.
• 1:00:15
  So when you pay with a card or with your phone on a digital
• 1:00:19
  transaction, you're actually using your bank account, you're
• 1:00:22
  transferring money from your bank account to somebody else's.
• 1:00:25
  A central bank digital currency, a digital pound would actually
• 1:00:29
  be a claim on the Bank of England issued by us directly to
• 1:00:33
  the public. And these new forms of money
• 1:00:36
  offer the ability for them to be integrated more with with other
• 1:00:40
  things through their software. So you can think of smart
• 1:00:42
  contracts in in which you know the money would be programmed to
• 1:00:46
  be released only when something happened.
• 1:00:49
  You could think, for example, of giving your children pocket
• 1:00:52
  money, but programming the money so that it couldn't be used for
• 1:00:55
  sweets. There's a whole range of things
• 1:00:58
  that money could do, programmable money as it's
• 1:01:02
  called, which we can't do with the current technology.
• 1:01:05
  Sounds so, so benign. Sounds so sweet.
• 1:01:09
  It sounds like such a good thing for parents.
• 1:01:11
  Guys, you know you don't want your kid to eat some sweets.
• 1:01:13
  I would. Never disrespect my children
• 1:01:17
  that way. I would never disrespect them
• 1:01:20
  and and have such little faith in them they think we're
• 1:01:23
  children. They literally just said they
• 1:01:26
  think that you are a child that needs to be controlled.
• 1:01:30
  That is absurd. You know how many how much money
• 1:01:33
  in taxes people pay in the UK? That is insane to me that they
• 1:01:41
  are trying. Programmable money used to be a
• 1:01:44
  thing that, you know, people would kind of joke about.
• 1:01:48
  Actually, at the beginning. They're like, oh, like, what if
• 1:01:50
  the the day comes where you, you want to take a road trip with
• 1:01:53
  your family and they're like, no, no, no, you don't have the
• 1:01:56
  social credit to purchase enough gas for your car.
• 1:02:01
  They are saying that out loud. It is no longer a conspiracy
• 1:02:06
  theory. And you should be terrified.
• 1:02:10
  You should be terrified. I don't even understand how Keir
• 1:02:14
  Starmer has the political capital to pull something like.
• 1:02:17
  Well, we haven't got a Keir Starmer yet, but that's where
• 1:02:19
  this is going well. It is because he's the Prime
• 1:02:21
  Minister. So how would he, how, how does
• 1:02:25
  he pull something like this off? He, he doesn't have political
• 1:02:28
  capital for this. After everything that that
• 1:02:32
  country is going through, I just, I can't even believe that
• 1:02:35
  they're going here. Yeah, so again, when they tell
• 1:02:38
  on themselves, listen to what they're saying.
• 1:02:40
  And this does lead into the more recent social media barrage by
• 1:02:45
  Keir Starmer. So here we go.
• 1:02:48
  Let me go to the first one again, guys.
• 1:02:51
  I've been telling you this, especially since we're in media,
• 1:02:56
  you know, we're we're Bitcoin. I like to jokingly and very
• 1:02:58
  seriously say we're we're in Bitcoin propaganda.
• 1:03:00
  Obviously we have a bias. We're pro Bitcoin.
• 1:03:04
  We see what's coming on the horizon.
• 1:03:06
  And so when you see kind of media narrative shift, it tells
• 1:03:10
  you a lot of things about what's going on.
• 1:03:13
  And the most recent shift that we've seen is how they are
• 1:03:17
  painting digital IDs, obviously at first CBD CS and, and on the
• 1:03:21
  other side is this idea of like, oh, you know, we need to update
• 1:03:26
  better payments. Like you need better payments
• 1:03:28
  guys like your, your PayPal and whatever Zelle isn't good
• 1:03:32
  enough. And of course that narrative was
• 1:03:34
  try to combat what Bitcoin is. They always frame Bitcoin as
• 1:03:38
  it's, oh, a new payment vehicle. It's like, why do we need a new
• 1:03:40
  payments vehicle? Well, now they flipped it and
• 1:03:42
  they're like, Hey, we need to update our system to get into
• 1:03:45
  the 21st century for better payments.
• 1:03:47
  Well, we're seeing something similar happen with digital IDs
• 1:03:50
  and I've been pointing it out to you guys on the show constantly.
• 1:03:53
  It's it's shifted from, you know, you can stop the bad
• 1:03:57
  things that you don't like coming into our country to now.
• 1:04:01
  Hey, your life's going to be way easier if you use a digital ID
• 1:04:04
  guys, it's all about convenience.
• 1:04:06
  But check out this clip that just dropped.
• 1:04:08
  I believe it was last night or yesterday.
• 1:04:10
  I'm I'm. Appalled.
• 1:04:12
  I'm literally sitting here appalled because I I knew that
• 1:04:16
  this was a possibility, but I never thought that it could
• 1:04:18
  actually be talked about in a serious way.
• 1:04:22
  And it almost, it makes me more angry at ourselves than it does
• 1:04:28
  at these politicians because it just shows that we have become
• 1:04:32
  so complacent. We have become such sheep that
• 1:04:36
  we are willing to go along with this because people just don't
• 1:04:40
  care that we allow this to happen.
• 1:04:42
  We have such little respect for ourselves, given what has
• 1:04:47
  happened in the last five years that they think that they can do
• 1:04:51
  this to us. It is, it's absurd, it's
• 1:04:55
  disgusting and it's appalling. And I I just refuse to believe
• 1:04:58
  that we, we can let this happen. Well, all right, love it.
• 1:05:04
  Let's let let's check out this next clip here.
• 1:05:08
  And here is Keir Stammer's Twitter account where he frames
• 1:05:13
  this as digital ID as the potential to transform our
• 1:05:18
  day-to-day life. Yeah, we know, just not in the
• 1:05:20
  way that you're talking about. But here, let's watch this clip.
• 1:05:24
  So I'm in Brighton today, this is Barclays Bank, and I've been
• 1:05:27
  talking to customers about digital ID and they're really
• 1:05:30
  enthusiastic. It'll have your basic
• 1:05:32
  information on it for everything other than proving you've got a
• 1:05:35
  right to work. It won't be mandatory.
• 1:05:38
  You don't have to have it, but you can't have it.
• 1:05:40
  You can use it for anything that requires identification and
• 1:05:43
  there are lots of things if you want to rent, for example, if
• 1:05:45
  you want to apply for a mortgage, if you want to get
• 1:05:48
  your child into primary school, there's a catchment area and
• 1:05:52
  you've got to show where you live.
• 1:05:53
  Proving who you are, what your date of birth is, will just be
• 1:05:57
  able to be done with Dukleidic. They're really up for it.
• 1:06:01
  I think once you understand just how much easier it'll make life,
• 1:06:04
  so many more people will be too. Yes, I'm super chill.
• 1:06:10
  Hey, the kids want it. They, the kids are.
• 1:06:13
  The kids are up for this. The kids.
• 1:06:14
  Are totally up for it, you know. Why now that kids look like a
• 1:06:16
  hostage? I'm not gonna lie, they look
• 1:06:17
  like a hostage there, man. Looks like he's in the middle of
• 1:06:20
  an indoctrination camp. Because that's what this is like
• 1:06:24
  if if your kid is being told in whatever institution, I don't
• 1:06:29
  care if that's church or school or whatever, that this is a good
• 1:06:34
  thing that any government or institution other than the
• 1:06:39
  family institution can have control over them you, they need
• 1:06:44
  to be removed immediately. I'm sorry, that's my hot take of
• 1:06:47
  the day. Like they, this is supposedly,
• 1:06:52
  these are supposedly the people who vouch for fairness,
• 1:06:56
  equality, and they are using, they're, they're literally using
• 1:07:01
  this technology so that you could be judged on the merits,
• 1:07:05
  which they've completely made-up out of thin air.
• 1:07:09
  It's the merits of your life. This is called implementing a
• 1:07:14
  social credit score. This is called absolute control
• 1:07:19
  of your life, and this ties back to the original story that we
• 1:07:23
  were covering at the beginning of the show.
• 1:07:26
  Why does BlackRock want your Bitcoin?
• 1:07:28
  Why does JP Morgan want your Bitcoin?
• 1:07:30
  Why is the government suddenly seizing Bitcoin and the UK as
• 1:07:35
  well? Don't forget that they also had
• 1:07:36
  that huge operation that they seized from scammers in the name
• 1:07:41
  of law enforcement. Great, give that money back to
• 1:07:44
  the victims. They won't.
• 1:07:46
  They likely will not, and if they do, they will give it to
• 1:07:49
  you in the Fiat garbage that they know is absolutely
• 1:07:53
  worthless because they can just make it up out of thin air and
• 1:07:58
  they will hold the power indefinitely.
• 1:08:01
  You cannot let them do this. The only way that you can do
• 1:08:04
  this, the only way that you can escape Bitcoin or slavery, is by
• 1:08:09
  taking the side of Bitcoin, going the narrow path, which is
• 1:08:14
  difficult, It's inconvenient. They will sell you XY and Z so
• 1:08:18
  that you don't do it, so that you can give them power, and
• 1:08:22
  they will dress it up like a sheet, like a a wolf in sheep's
• 1:08:26
  clothing. But the results of that are
• 1:08:29
  gonna be that your children will be serfs, your children will be
• 1:08:34
  enslaved, and they will be under the thumb of the children who
• 1:08:38
  set this system up. So do not fall for it.
• 1:08:43
  This is just another way for them to control you.
• 1:08:47
  Mama bear on on the on the prowl today.
• 1:08:49
  Let's go. OK, now going further, let's
• 1:08:52
  let's see his other barrage of tweets.
• 1:08:53
  Oh God, there's. More.
• 1:08:54
  Yeah, there's more, there's more, there's more.
• 1:08:57
  He he went super hard last night.
• 1:08:59
  The digital ID will bring the UK into the modern age.
• 1:09:02
  OK, bro. And then he goes.
• 1:09:04
  I recently spoke with someone buying a house with her partner.
• 1:09:07
  She told me that she had to pay just to verify who she was With
• 1:09:10
  Digital ID, that could be done in seconds.
• 1:09:12
  So wipe out the cost. Digital ID will save you time
• 1:09:15
  and money. OK again for more pictures.
• 1:09:19
  Wait, wait. Wait, read the read the
• 1:09:20
  community note. OK, the community note is AML
• 1:09:23
  checks are a legal requirement to verify the buyer and seller.
• 1:09:26
  Why this verification is mandatory?
• 1:09:28
  The practice of charging buyers is not standard.
• 1:09:30
  Some estate agents do charge buyers for AML checks though
• 1:09:33
  third party providers, but others perform the checks at no
• 1:09:37
  cost. OK, going further, another one.
• 1:09:39
  It's frustrating having to rummage around in a drawer
• 1:09:42
  looking for an old electricity bill just to open a new bank
• 1:09:45
  account Digital has. This man heard of e-mail?
• 1:09:51
  E-mail. Guess what?
• 1:09:53
  A lot of those bills are found online here.
• 1:09:57
  And and further, he says, you know this will empower people
• 1:10:03
  every single day by giving you a new way to prove who you are,
• 1:10:06
  Saving time and money when you apply for a mortgage by cutting
• 1:10:09
  down unnecessary paperwork, proving your right to rent in
• 1:10:12
  one click, Personalized public services like helping parents
• 1:10:16
  claim eligibility for free childcare and nursery places.
• 1:10:19
  It's time to put power back in people's hands and bring the UK
• 1:10:23
  into the modern age. You see what I mean by they
• 1:10:27
  always do this. People who want to take power
• 1:10:30
  like this, they always do this. They use these fancy words of
• 1:10:34
  like putting power back in your hands.
• 1:10:37
  You just have to assume at this point that everything they say,
• 1:10:41
  they actually mean the complete and total opposite.
• 1:10:44
  When they say put power back in your hands, what they actually
• 1:10:49
  mean is that they are taking power away from your or hands.
• 1:10:53
  When they say that they want equality for all and equity and
• 1:10:58
  whatever, what they're saying is that they want more power and
• 1:11:02
  the balance of power to be completely on their side.
• 1:11:06
  Do not believe a word these people say.
• 1:11:08
  They are lying to you and it's proven in their actions.
• 1:11:13
  Look at what they're trying to do, and the only way that we
• 1:11:16
  will not let them is by having more leverage than they do.
• 1:11:20
  And I just can't think of any other way to do that then to
• 1:11:26
  basically opt out of the system. And that doesn't just mean
• 1:11:29
  Bitcoin sometimes. Like, do it in whatever way that
• 1:11:32
  you want, but stop giving these people power by legitimizing
• 1:11:37
  their systems because they are using it against you and
• 1:11:40
  eventually they will use it to control your children.
• 1:11:44
  I'm telling you, I see it. I see it with my friends.
• 1:11:47
  I see it with the way that they fight me on this.
• 1:11:50
  They just, they are living in a completely different world than
• 1:11:54
  you and I are. They are living in the world
• 1:11:56
  where they still believe that the institutions and the
• 1:11:59
  government is right, that the government will protect them.
• 1:12:02
  And they just, they cannot fathom that, you know, in any
• 1:12:06
  reality that it could ever be turned against them.
• 1:12:13
  Bars OK, so he again you guys could go check his Twitter if
• 1:12:18
  you want he he did a bunch of these tweets though, as I looked
• 1:12:23
  for I I was looking for Kier Starmer and this whole digital
• 1:12:27
  ID kind of social media barrage. It did start to bring up a lot
• 1:12:32
  of anti digital ID posts on my timeline and so it looks like
• 1:12:38
  they're the the you know the British people are looking at
• 1:12:42
  this and think it's just as ridiculous as those bit corners.
• 1:12:45
  So there is an active push against it.
• 1:12:47
  You know, the like just say no kind of a kind of always pops up
• 1:12:51
  in my head when we when we start talking about stuff like just
• 1:12:54
  say no to a digital ID. That's it.
• 1:12:55
  Yeah, exactly. Dare just say no to Fiat, just
• 1:13:00
  say no to digital IDs, just say no to CBD CS.
• 1:13:04
  But again, it is interesting that it's all being framed like
• 1:13:08
  for your convenience. The the narratives have shift
• 1:13:11
  now to it's for your convenience.
• 1:13:13
  And I also saw a couple of the things as I was telling you in
• 1:13:15
  my timeline, it was popping up because I did search for the
• 1:13:18
  digital ID Keir Starmer stuff this morning.
• 1:13:20
  So it got propagated in my thread or in my timeline and I
• 1:13:24
  saw another clip of his. I didn't want to bring it up
• 1:13:26
  because it the context wasn't the exact same, but essentially
• 1:13:30
  they are also talking about, or maybe it was another Freudian
• 1:13:33
  slip that you will essentially be fine and you guys can Fact
• 1:13:37
  Check me, but this is what the clip was saying that you would
• 1:13:40
  be fine. Essentially $85 now is one of
• 1:13:43
  the new narratives if you don't use a digital ID.
• 1:13:46
  So not just that there's going to be AML firm you let your real
• 1:13:50
  estate agent, but if you don't use the digital ID, they're,
• 1:13:53
  they're starting to propagate this idea that you're going to
• 1:13:55
  get fined $85. So, you know, for your
• 1:13:58
  convenience and of course for your pocketbooks, you should
• 1:14:01
  just get a digital ID because you don't want to get a fine.
• 1:14:03
  You know, my question is or what pay the don't pay the $85 or
• 1:14:10
  don't pay the $85 or what, what are they going to do to you?
• 1:14:13
  Are they going to cut your electricity?
• 1:14:15
  Are they going to take away your home?
• 1:14:17
  Are they going to, you know, pull you down on the social
• 1:14:22
  credit score that will inevitably come from all of
• 1:14:25
  that? Will they cut your access to gas
• 1:14:30
  and, you know, travel? What are they gonna do?
• 1:14:34
  What are they gonna do that they haven't done before this?
• 1:14:38
  How far are they willing to take it?
• 1:14:40
  Well, it reminds me of this crazy thing that happened in
• 1:14:44
  2020 and I'm I'm. Sure.
• 1:14:46
  Don't. I'm sure there's gonna be some
• 1:14:48
  parallels I've. Been I've been alluding to it,
• 1:14:50
  but since I'm not allowed to say a lot of things on this show.
• 1:14:53
  Yeah, that. Remember this time in 2020, it
• 1:14:56
  was kind of crazy. It was.
• 1:14:57
  Really, really nuts. And if you think.
• 1:15:00
  If you think that was crazy. Yeah, that could have.
• 1:15:04
  Been they already tried with this one medical device that but
• 1:15:10
  but now a digital ID that I mean.
• 1:15:17
  Yeah, 20/20/20 was a 2020 was the beta test and now we have
• 1:15:23
  the real test and it is all about coercion and total
• 1:15:27
  control, guys. That's what it literally what it
• 1:15:29
  is and it and it again, it looks like a lot of people are are
• 1:15:33
  seeing it for what it is. And again, I saw one other thing
• 1:15:37
  that was pretty interesting is that apparently when they
• 1:15:40
  launched kind of like the initial, I don't know, inquiry
• 1:15:44
  about how actually secure the digital ID system was, they
• 1:15:49
  realized that basically like it was just some random programmers
• 1:15:53
  like in Romania with no actual access, you know, from the
• 1:15:56
  British government. And then they realized that
• 1:16:00
  someone, if they wanted to, could basically drop malware on
• 1:16:04
  it and the, the, the actual British government wouldn't even
• 1:16:07
  be able to detect it. So like, it's not even a secure
• 1:16:10
  system and they're trying to roll it out and basically tell
• 1:16:12
  you guys, it's going to be better for you.
• 1:16:14
  And the coding is trash here. So just say no, I'm sure.
• 1:16:19
  Hey, this is in the UK currently.
• 1:16:21
  We've seen it kind of go around in Australia.
• 1:16:23
  Of course, there's been a lot of talks about it already happening
• 1:16:26
  in China. I wouldn't be too surprised if
• 1:16:30
  we do see something similar enter the US or other parts of
• 1:16:33
  the world so we we know where it's going.
• 1:16:35
  No, that I honestly, I'm not even going to say it because
• 1:16:38
  that's just such a basic thing to say that would never happen
• 1:16:42
  in the US. It could.
• 1:16:46
  It very much could, especially if you know, these power hungry
• 1:16:51
  people don't get their fix of power.
• 1:16:57
  But I just want to, I mean, this is this is a turning point.
• 1:17:01
  This is a part of the 4th turning.
• 1:17:04
  This is part of the results of disruptive technology.
• 1:17:10
  It's part of the results of what you know what happens when we
• 1:17:15
  try to fight them, They fight us back.
• 1:17:18
  And right now we're we're seeing they fight us back. 100 percent,
• 1:17:24
  100% so that's the show for today guys.
• 1:17:28
  And I know, I know, like. Gives you something to talk
• 1:17:31
  about at dinner tonight. I don't know.
• 1:17:33
  I don't know about that. I don't.
• 1:17:35
  Know Talk with your family. Share this show with your
• 1:17:38
  friends. Share this show with your
• 1:17:40
  aunties and uncles. Start a debate.
• 1:17:43
  Debate is healthy. We love.
• 1:17:45
  More No, no, no, don't. Don't argue with your family.
• 1:17:50
  Don't start a debate. Not a debate.
• 1:17:54
  You know what I mean? Sophie loves debating with
• 1:17:55
  everyone. So.
• 1:17:56
  Table conversation. I don't know if this is dinner
• 1:17:58
  table combo, but just be aware. It definitely makes it in be
• 1:18:02
  aware, but but I mean like I know we're ending the Friday
• 1:18:05
  show on a little of a doomer, you know, doomer pill kind of
• 1:18:09
  show, but This is why we're bitcoiners.
• 1:18:12
  Like we do have the tools at our disposal and of course, the the
• 1:18:16
  community around Bitcoiners and open source development and the
• 1:18:21
  freedom movement as well. Like it isn't all doom and
• 1:18:26
  gloom, like it isn't all lost there.
• 1:18:28
  There's still time to get more people to wake up.
• 1:18:30
  And I think it's upon every single one of us.
• 1:18:32
  So This is why we do what we do here on the show with the hopes
• 1:18:35
  of trying to get as many people on YouTube to understand what
• 1:18:39
  the stakes are and where we are right now.
• 1:18:41
  We do have Bitcoin. So first of all, the best thing
• 1:18:44
  you can do is obviously take as much of your wealth out of the
• 1:18:47
  system as you can. Make sure you are protecting
• 1:18:50
  yourself from this potential future where you might get cut
• 1:18:53
  off from your money. You know, they might be a
• 1:18:55
  programmable money that's used against you.
• 1:18:57
  They might not allow you to go shopping at the grocery store or
• 1:19:01
  whatever, etcetera, etcetera, etcetera.
• 1:19:03
  Like you want to ensure that you are insulated from this as much
• 1:19:08
  as possible, which is, you know, where you live, what your job
• 1:19:11
  is, what, what, what your money is, how you secure that money.
• 1:19:15
  And of course all the various kind of products that we that we
• 1:19:19
  had on the show to if potential there is some kind of crazy
• 1:19:24
  event again, you will be as safe and protective as possible
• 1:19:28
  obviously. So it isn't all bad.
• 1:19:32
  We still have Bitcoin guys, we still have that beach head and I
• 1:19:35
  think I think humanity is going to win, man.
• 1:19:37
  I think freedom is going to win. The good guys always win, you
• 1:19:40
  know, good wins in the end. I guess the good guys don't
• 1:19:42
  necessarily always win, but good does win in the end.
• 1:19:45
  It's been foretold. So guys, you already know the
• 1:19:48
  deal. Make sure you're stacking stats,
• 1:19:51
  taking that Bitcoin into self custody, make sure you're fit,
• 1:19:54
  healthy, go get some sun, touch some grass, eat some good food,
• 1:19:58
  you know, call your loved ones all that good stuff.
• 1:20:00
  It's not all bad. The Internet maybe makes you
• 1:20:04
  think everything is bad. But when you talk to, you know,
• 1:20:07
  your friends and your loved ones and you go outside and you
• 1:20:09
  realize that hey. The tech, the Twitter isn't
• 1:20:13
  necessarily real life, you know, like the trees are still there
• 1:20:16
  and the sun's nice and life is great.
• 1:20:18
  So still some hopefulness, still a little bit of optimism, even
• 1:20:22
  though I know guys, I've been kind of a cynic all week.
• 1:20:26
  I was, I was, I was sick. I I now I know what it means
• 1:20:29
  like to be to be pregnant. I don't, I literally don't even
• 1:20:32
  want to hear it because you got me sick and the I have not felt
• 1:20:39
  great all week. No, no, no.
• 1:20:41
  The baby got me sick. The baby got me.
• 1:20:43
  But if you guys love us and love that we've been here even though
• 1:20:47
  we've been feeling terrible for the past week, smash the like
• 1:20:51
  button, share the show with your friends, subscribe to our
• 1:20:54
  channel. That really helps us.
• 1:20:56
  It helps us keep the lights on as they say, and join our new
• 1:21:01
  membership program on YouTube. We also have some new merch that
• 1:21:06
  we are not shilling today but is up live on our website
• 1:21:10
  simplybitcoin.com. You can get the This is Not a
• 1:21:15
  Negotiation T-shirt as well as some other fun doodle T-shirts
• 1:21:20
  that we have launched. We also have the cream hat,
• 1:21:23
  which we see behind Opti and some other really, really cool
• 1:21:27
  things, as well as the return of the cream hoodie.
• 1:21:31
  So if you want to support us, if you love what we do, go check us
• 1:21:35
  out at www.simplybitcoin.com, join our membership, smash the
• 1:21:40
  like button, subscribe to our channel and have I got I got cut
• 1:21:47
  off, I got cut. Off.
• 1:21:49
  All right, later, guys, We'll see you on Monday.
• 1:21:51
  Have a good weekend. We love you guys.
• 1:21:53
  On that note, peace out. Today's episode was brought to
• 1:21:57
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:22:01
  mission to enable financial independence.