Latest / Simply Bitcoin / PROOF: Central Planners Want to Control You, Only Bitcoin Stops Them | EP 468

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PROOF: Central Planners Want to Control You, Only Bitcoin Stops Them | EP 468 · Simply Bitcoin

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Nobody cares blocks to The Happening 107,000 403 and the
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and the unspent capacity is 4500 1637.
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Anyways, moving on. I had a really, really, really
1:42
cool comment, not I had we had gotta stop saying hi.
1:47
Let's say we because this is simply bit.
1:49
Coy is the e-coat Phil not just Nico, bad, Nico band Eco,
1:52
anyways. Um, had some awesome comment by,
1:56
I'll pop it up for you guys. Like always It Is by who, what
1:59
and the Comment says Bitcoin is a political but it is but it's
2:03
100% backing and backed. By reality politics that are
2:08
compatible with reality will be compatible with Bitcoin,
2:12
opportunist will try to steer bitcoiners to deliver them to
2:16
their political Ambitions. But bitcoiners have very
2:19
concrete goal, so they'll either get what they want or will dump
2:23
the opportunist. Bitcoin politics Will will still
2:27
be emerging as we go back to reality.
2:29
I think I know what that means, but I know reality is better
2:33
than clown world. So I'm happy to learn what that
2:36
means. I've been looking for the
2:38
answers my whole life and I'm glad I found Bitcoin parentheses
2:43
or Bitcoin. Found me phenomenal.
2:47
Phenomenal comment, bro. Shout out to who what, who, what
2:51
you wrote some some tank stuff and do not know.
2:55
I think you're spot on, right? And this is this kind of goes
2:58
back to the idea, right? Of to a couple things.
3:02
I think this is Kaiser's. One of Kaiser's famous quotes,
3:04
right? You don't change Bitcoin,
3:06
Bitcoin changes, right? You and the thing that we've
3:09
kind of been riffing on for quite a bit on this show, which
3:12
is this idea that Bitcoin shines a light of Truth on everybody,
3:17
right? So on politicians on the
3:19
political left and I'm politicians on the political
3:21
right and what it does is it reveals their true intentions,
3:24
right? That's the beauty of Bitcoin and
3:27
it does this to everybody, right?
3:29
And again, because Bitcoin is connected to reality.
3:33
It's connected to the real world by proof of work.
3:36
I think that the side effect of that is just becoming based and
3:41
I think that just by because you have to become based in order to
3:45
protect your own incentives. White to watch out your own
3:48
incentives, right? So I think it kind of like heals
3:51
the world. It's like this really weird
3:54
psychological thing that Bitcoin does man you know, and I think
3:59
that's just that Man, that not only does it does it really help
4:04
your soul having money? That's not fictitious, right?
4:08
I think that it really, just unveils all this fucking rot
4:13
underneath. It exposes people for who they
4:16
really are. And in the, the best example
4:19
that I always give is the climate activists, you know, is
4:22
like God's Bitcoins boiling the oceans.
4:24
It's like, so, do you want that flared gas, vented into the
4:29
atmosphere Here instead and then they kind of have cognitive
4:32
dissonance. And they're just like, I have
4:36
credentialed and I have a master's degree.
4:38
I don't have to answer to you, you know, so it's just yeah,
4:41
man, but I had to read that comment that was beautiful, that
4:44
was better put than Phil and I did definitely yesterday.
4:48
Adrian, what are your thoughts on this?
4:49
I'll pass it on to fill. Yeah.
4:52
I mean I I think what Bitcoin does is it keeps people honest
4:56
with themselves. You know, when you have money
4:59
that's not a fiction and you're now living according to that
5:03
standard, you're then impulse to also not live by a fiction
5:08
because you're not basing your reality on a lie.
5:12
So to me it's like, yeah, it's got that, that truth serum
5:15
effect and it exposes, who's who in the zoo I do.
5:21
Exposes who's Zoo? Who's who in the zoo?
5:24
I like that little, right? I like that.
5:27
Phil. What is your opinion on this?
5:29
My friend funny that while he was saying that last thing about
5:33
the zoo that we could hear the birds chirping.
5:35
So I have a feeling Adrian knows.
5:39
He has deep knowledge about the zoo and speaking of the zoo, we
5:42
should give a shout-out to the zoo, which is a very interesting
5:44
group of bitcoiners on Twitter. Anyways.
5:47
Okay, so look besides that right.
5:50
I think that to Niko's A point, right?
5:52
What he said was elegant very elegant, very well put and the
5:56
truth of the matter is, is this is exactly what we said.
5:59
We need to look the people. The people and entities that are
6:04
going to use Bitcoin, for politics, for its political
6:07
ends, they are going to do. So whether we want to or not,
6:10
that's the beauty of Bitcoin, they can do whatever they want.
6:12
We can do whatever we want. But guess what?
6:15
Since they can do whatever they want then what we can do is
6:19
change the framing which is what I said yesterday.
6:21
Right. Which is instead of we always
6:23
look at this in terms of right and left.
6:25
We start looking at this as okay, so which of these
6:27
politicians which of these people and these individuals and
6:30
groups are in favor of the money spigot and what it brings and
6:33
which ones are in favor of hard money.
6:35
And then we simply back and work with the ones that believe in
6:40
and work towards the hard money standard.
6:42
It's it's really that simple, you know?
6:44
Like and it really sucks out a lot of the noise.
6:47
And and again, right? It's another way for us to
6:50
extrapolate out that know. Noise and just show the signal
6:53
of, hey, these are the incentives exposed.
6:56
These are the people that are either for or against hard
6:59
money. That's it.
7:01
So yeah, I think that, you know, he said it very well that was a
7:04
great comment and don't get me wrong, it will not be the last
7:08
thing that we say on this. You know, it's only the
7:11
beginning. It's only the beginning of
7:13
bitter. Not going to stop entering into
7:16
the Realms of politics. Yeah, but the beauty of this
7:19
again, is that remember you don't change?
7:21
Echoing Bitcoin changes you and number two, Bitcoin exposes all
7:26
the bullshit. That's one of the unintended
7:28
consequences of the genius of satoshi's creation.
7:32
But anyways, one last comment we have caught, we have time for
7:35
one. Last comment, this comment is by
7:37
Brad, doc Urkel artists to. Anyways, he said something
7:42
really interesting. He said, isn't it better for
7:46
governments to not embrace it and not recognize it as legal
7:49
tender? I liken it to the Sea.
7:51
Assisted pull-up machine at the gym.
7:53
Legal tender laws are like assisted pull-ups.
7:56
Just do regular pull-ups, and get stronger, and then laugh at
8:00
the assisted pull-up machine very, very good analogy.
8:04
Now here's the thing. Legal tender laws are bullshit
8:08
in the first place. I recommend reading this book,
8:11
The Creature From Jekyll Island and you'll see why Fiat money
8:16
requires legal tender laws in order to coerce people.
8:21
Into using it because it's fake bullshit money.
8:26
But if you put a gun to everyone's head and you said,
8:28
you don't have an option but to use that fake bullshit money,
8:32
right? People use it.
8:34
Which is why legal tender things are wide legal?
8:37
Tender laws are thing. If we had real sound money,
8:42
legal tender laws would not be necessary.
8:45
Legal tender laws are literally the result of Fiat money.
8:49
Now in terms of your awesome Ecology in terms of the gym, it
8:53
depends personally I there's going to be a transition period
8:58
as we transition from the Industrial Age into the
9:01
information age, right? And during this transition I
9:05
know Bitcoin right? And freedom of speech on the
9:09
internet wins but I have no my I fear for the transition and how
9:15
many casualties are taken. In the transition like giulio,
9:20
sausage like Ross, all Bridge, like all these people, right?
9:25
So yes we could definitely go full underground.
9:30
We don't need the government. Fuck them, fuck this shit but
9:34
maybe it would be a little bit easier for just to, you know try
9:38
to get a couple politicians on our side so that we don't get
9:41
beat up by this giant government bureaucracy stick just saying
9:45
right again it's a point of contention.
9:47
I know a lot of bitcoiners in the Comments are like guys, fuck
9:50
this shit, you know, but dude, Phil and I have been in this
9:54
very unique situation where we've been seeing this play out
9:57
in slow motion. And I'm telling you, not
10:00
everyone has the means to have multiple passports, not everyone
10:03
has the means to just get up and leave their country, right?
10:07
So unfortunately, what I believe is that Bitcoin is going to
10:11
continue to become more political and if it does, if
10:14
that's the inevitability of Bitcoin, if you really want
10:17
Bitcoin to become the The next Global Reserve currency, then
10:21
let's have as many goddamn politicians on our side, whether
10:24
they're whether they're left or right, it's irrelevant.
10:27
Do they support Bitcoin or they against it, right?
10:30
So that's just kind of my perspective.
10:32
I could be wrong. Anyways, I'm going to pass it on
10:33
to fill. What do you think?
10:35
You know what I mean? What if and I do like, I do
10:39
appreciate the analogy, but what if that assisted that assisted
10:43
weight machine is there because the person is slightly too weak
10:46
to do it on their own? So they have to use It in order
10:50
to be able to build up to be able to do it entirely on their
10:52
own without the assisted machine.
10:54
So, in terms of Bitcoin, right? That means that exactly what you
10:59
said, Nico. Like, look legal tender laws are
11:01
total bullshit. Okay, if you look at the dollar
11:04
bill, it actually says it's not, it's not asking you, it's
11:08
telling you that this is what you will use to settle all
11:11
public and private debts. You have no choice.
11:13
This is what you're using. This is what we have to use.
11:16
I mean, that's all that's backing.
11:18
It is. Is violence violence in the
11:21
state? There's nothing else backing it.
11:24
So don't get me wrong. But you know what it means,
11:30
nothing, it means nothing in terms of Bitcoin because we have
11:33
proof of work. So for me I just look, you know
11:38
what? It's like exactly what you said,
11:40
Nico. Some some countries are going to
11:42
have a crutch, right? They're going to have to use the
11:44
crutch until they can walk on their own.
11:46
I don't really, I don't really have a problem with It's but
11:50
when we, when we say that Bitcoin can be legal tender, we
11:55
are actually giving into that Fiat mindset.
11:57
And we're giving it validation but it's a double-edged sword,
12:01
it's a double-edged sword. If you don't do it and you
12:03
ignore it entirely then you miss out on having a lot of people
12:08
that are unfortunately really entrenched in that system that
12:12
maybe would actually be happier part of the Bitcoin part of the
12:16
Bitcoin ecosystem and then they I wouldn't find out about it so
12:20
you know what? It's a double-edged sword and
12:23
it's difficult. It really is, you know, you
12:27
can't, you can't be all tinfoil hat, right?
12:29
You can't be all like none of this exists, you know?
12:31
So at some point we have to sit there and say, okay, you know
12:33
what, this is our bridge. This is the Olive Branch.
12:37
You know that we're putting out. Here you go.
12:39
Do you want to take the Olive Branch or not?
12:42
Yep. Absolutely Blackburn.
12:44
What are your thoughts on this? Yeah, I think Jill said the key
12:48
word is Bridge, you know because you don't want to do anything.
12:52
That is kind of getting governments, any more validity.
12:57
I think the context has to be very specific.
13:00
We live governments want to play some kind of a supportive role
13:03
and yeah, assist people to get on those on-ramps upon Bitcoin.
13:09
Then I'm all for it. And, you know, I even have to
13:13
question like if I didn't come from a more well, New country
13:16
like Canada. Like what I even have been able
13:19
to access that coin in the first place, you know?
13:21
So you do have to be real with yourself about like what a
13:26
difference that can make. But and you know, even though
13:29
part of me wants to be like yeah we don't need governments.
13:31
They make no difference than anything whatever.
13:35
I mean it's great that Bitcoin is designed that we don't need
13:39
them. Ultimately at the end of the day
13:42
but they can they can make a difference.
13:45
I think they Can make your life awfully awfully difficult,
13:50
right? So yes.
13:51
So the question is, it's like, you know, like are we going to
13:54
take the hard core Bitcoin like, you know, fuck this shit, it's
13:58
all underground or, you know, are we going to try?
14:01
Because here's the thing, right? And Alex gladstein brought an X
14:05
and articles about this right is that you can't have the ngu
14:08
technology without the freedom enabling technology, right?
14:12
So hopefully we can entice a lot of these politicians with Angie
14:16
you technology and they take the pill before they know it.
14:20
They also took a pill for Freedom, right?
14:22
So anyways, that's my hope that being said Phil it's time for
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the daily fail. Brought to you by Ember app.
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The link is down below ammo. Thwaites.
14:46
That sounds. Alright, so in today's fail,
14:50
we're going to dive into something pretty nasty.
14:52
We're going to take a look at that.
14:53
IMF, electronic standard garbage.
14:57
But before we do that, we're going to take a little trip down
15:00
memory lane. I think a lot of people
15:01
remember, Jordan Belfort. A lot of us saw the movie, The
15:04
Wolf of Wall Street, right? With Leonardo DiCaprio.
15:06
We all love that movie. It's fantastic.
15:08
We use the memes all the time. Okay?
15:10
So everybody is very familiar with this.
15:12
So, Jordan Belfort AKA The Wolf of Wall Street called Bitcoin, a
15:16
Scam. This is four years ago, called
15:19
it a huge scam. Okay?
15:22
So Jordan Belfort Wolf of Wall Street is now marketing himself.
15:27
As a crypto Mastermind last week, he hosted a two-day 40K
15:32
per person crypto workshop at his Miami estate.
15:37
Okay. And that was April 16th.
15:41
That's right. So here we go.
15:43
Jordan Belfort. Reportedly charged 40K for
15:45
to-day crypto workshop at his Miami estate.
15:49
Three years after he called Bitcoin, a mass delusion.
15:53
You check this out, check this out.
15:57
This is the, this is the, here's the, here's the signal.
16:00
It's nine attendees paid, they got wrecked.
16:05
They paid one Bitcoin or approximately 40, K to attend
16:09
the Mastermind class. Belfort.
16:11
Miami estate. Okay, those nine people wrecked
16:15
you just paid 40K. First of all for knowledge that
16:18
you could get for free online. That's number one.
16:22
And number two you just paid. If you actually paid one full
16:25
Bitcoin, if he got you to give one full Bitcoin you just got
16:29
scammed out of one Bitcoin for absolutely nothing like
16:34
literally you just paid for nothing.
16:36
I you may have even just you know what, you may have just
16:38
paid to lose because you lost your time.
16:41
You're never going to get that back.
16:42
It's worth. Who knows?
16:43
How much, but you lost it. Anyways, before we dive in
16:46
because the rest of the fail Niko, it's going to be heavy,
16:49
man. It's going to be very heavy, so
16:51
let me know. What are you like, I guess.
16:53
You know what? Let's go with the let's go with
16:55
your thoughts first before we hand it over to Adrian, dude.
16:58
Look Who's ever signing up for that course, you are literally
17:05
paying someone who scammed people for a living, who's still
17:11
owned owes, the US government tens of millions of dollars.
17:15
That's what he's good at. He's got literally, he got good
17:19
at at selling people dog. Shit.
17:22
He is the original shit coiner before shit, coining was a
17:27
fucking thing. This guy convince people to By
17:32
penny stocks that literally had no fucking value.
17:36
What is that? But the precursor to shit
17:38
coining, and you're trusting this mother to do good by you.
17:43
Come on man. If you believe in that shit, you
17:45
deserve to get rekt, bro. Listen, he did his time.
17:49
He paid his due to society, all that, all that good stuff.
17:53
Made a comeback made the movie, but just look at the guys
17:56
history. Is that really someone that you
18:00
should be trusting Just just a question of throwing out there.
18:03
Anyways Adrian, what are your thoughts on this?
18:06
A fool is always parted with his money.
18:09
That's all I could say. I'm amazed that there's that
18:11
many people that even have that much money to lose.
18:14
But I mean, where are these people?
18:16
I would like to meet them. They could, they could give you
18:18
their money would go. Much further.
18:20
Jordan doesn't need it, but yeah, no.
18:22
I what can I say if you if that happens to you, like you said,
18:26
you you deserve it. Yeah.
18:28
Yeah. And a little bit of a self plug
18:30
guys. What we always promised you on
18:32
this show, right is Bitcoin. Constant should always Be free
18:36
and all of our stuff is free, right?
18:38
This is why we take the sponsors.
18:40
This is why you have to listen to a little 10, 10 s sponsor ad
18:44
so that each so that we don't have to pass that cost to
18:47
yourself Phil and I will never go to you and say listen to in
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order to watch, simply Bitcoin, you need to pay and you'll get
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this reference. If you get it, you'll need to
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pay $850. Of course, never never.
18:59
We will never do that to you guys.
19:01
If you want to contribute help the show, we would love that.
19:04
We'd be honored. But But it's always optional,
19:07
you could you guys could contribute, if you don't want to
19:09
no problem, our content will always be free to watch anyways.
19:14
Phil what is the last fail? Wreck the people charging 850,
19:18
dude, rekt. OK.
19:21
Alright, let's let's dive into this, this is going to get.
19:23
All right, let me, let me just, we're going to paint it to each
19:26
their own, right? Like, if that's right, the do
19:29
right. We're Libertarians at heart,
19:31
right? So if that's what you want to do
19:33
this, we were capitalist or not communist, right?
19:36
He just wouldn't do it ourselves.
19:39
This is true, it is true. And, and on that note, and on
19:42
that note, we are going to dive into.
19:44
We're gonna dive into a historical problem, right?
19:46
Nico. You, you've read the creature
19:47
from Jekyll Island. I've read the creature from
19:49
Jekyll Island. We understand great recommend, a
19:51
great recommendation, by the way, thank you for that because
19:54
it was really recommended me, that book, and it's phenomenal.
19:57
Dude, I, you know what it's required.
19:59
I think it's required reading for all bitcoiners.
20:01
We all, we all should read it, and if you haven't check it out,
20:05
anyways, On the on the heels of Jekyll Island, right?
20:09
We're going to examine the IMF, the IMF announcement about their
20:15
electronic money. But before we do, I just want to
20:18
give some background, right? Because the IMF is made up of
20:20
the same groups. And the same people, the same
20:23
totes that the Federal Reserve is made up of.
20:26
So let's dive into some background information here for
20:29
a second. Before we dive into this
20:30
electronic money. 100 years later, the Federal Reserve has
20:33
failed. And I want to, I want you guys
20:35
to Keep in mind, this is December 20th. 2013, this
20:38
article is from and it's on Forbes, okay?
20:41
So just keep that in mind the source that it's coming from.
20:43
It's very interesting that this was on Forbes, I guess this is
20:46
before they were worried about people, actually pulling the
20:48
strings together. Anyways, 100 years later the
20:51
Federal Reserve has failed at everything.
20:54
It's tried on December 23, 1913 President Woodrow Wilson signed
20:58
the Owen glass act, creating the Federal Reserve under the FED
21:03
supervision, boom, and bust Cycles.
21:05
Have continued. Three of them, have been severe,
21:08
the Great Depression, the stagflation Airy period of 74 to
21:11
80 82 and the current Great Recession, which the referring
21:15
to the 2008 crisis bank failures have occurred in alarmingly high
21:20
numbers, depending on what measurements are used, the
21:23
dollar has lost between 95 and 98 percent of its purchasing
21:29
power. Keep that in mind.
21:31
That's part of the signal, the 1970 amendments to the Federal
21:34
Reserve Act stipulated that the FED should Promote, effectively
21:37
the goals of Maximum employment, stable prices and moderate
21:41
long-term interest rates, keep those three things in mind.
21:45
First, the premise that the central bank can fix
21:47
unemployment is are earnest, it's based on the Phillips
21:50
curve. The discredited academic Theory,
21:53
positing, a trade-off between inflation and employment.
21:57
Unemployment is fundamentally a price problem, not a monetary
22:01
problem. Therefore the cure for
22:03
unemployment is a free market in way.
22:05
Ages and not particular and not particular monetary policy.
22:10
S Central Bank tampering with interest rates is the
22:13
fundamental cause of not the cure for the boom-and-bust
22:18
Cycles. Thus, the FED should cease from
22:22
tampering with interest rates. Remember, this is on Forbes,
22:25
2013. Finally focusing on stable
22:29
prices is looking at the problem backwards.
22:31
The FED shouldn't try to influence prices any more than a
22:34
nurse should influence. To the reading of a thermometer,
22:38
the fever that causes prices to rise and purchasing power to
22:41
fall is sick money. He'll the money.
22:47
Okay, now let's take a look at this.
22:51
Psychotic ass-backwards clown, show.
22:55
That is the electronic money standard and the possibility of
22:59
zero inflation Target. Keep in mind.
23:01
I just read to you how over 100 years.
23:03
These these bodies. I have completely failed in this
23:08
task in doing the simple thing of administering, the monetary
23:13
policy because of human greed and the power desire.
23:16
So let's dive into this a world with lower inflation and zero
23:21
inflation. And no persistent recessions.
23:24
May sound like a pipe dream, but we argue that it's possible by
23:28
transitioning to an electronic money standard, such a
23:32
transition requires, eliminating, the zero lower,
23:35
Bound. That's right.
23:38
Which central banks can achieve using readily available tools.
23:43
Now, look the framing that I have for this article is that
23:46
they're selling us. This they're essentially the IMF
23:49
is selling us a product. The same way that the Federal
23:52
Reserve sold, a very small group of very powerful people, on the
23:57
idea of the Federal Reserve the same way that the IMF is now
24:00
trying to sell everyone. On this idea of this electronic
24:04
money standard. Anyways this will Empower
24:07
central banks to quickly restore full employment and over the
24:12
medium term. Possibly move toward targeting
24:14
full price stability with zero inflation guys.
24:17
Literally in that sentence. The three things, the Federal
24:19
Reserve could not do for 100 years, okay?
24:22
The IMF is going to fix Couldn't do it before with the same
24:27
stupid monetary policies but we're going to do it now because
24:30
it's electronic a variety of factors including an aging
24:34
population that has raised the saving rate have led to a
24:38
decline in productivity and greater demand for safe assets
24:41
and the neutral real rate of interest has trended downward
24:45
worldwide. That's right we're blaming old
24:47
people were blaming Savers dude. Okay you know how fucking
24:51
maniacal. That is dude.
24:54
These people work for their money and You blaming them.
24:56
Hey, thanks for those like 78, her saving for saving, too much
25:01
to watch out for your family because we printed too much, you
25:06
are now they are the enemy of the IMF, which is explains and
25:10
we'll get to this in the new segment, why they are so against
25:14
Bitcoin, Bitcoin is a central planners, worst fucking
25:20
nightmare. And these people like I pointed
25:22
out a couple days ago, the head of the IMF Georgie Inna
25:26
something literally graduated from the Karl Marx Institute in
25:31
economics. I don't know how car marks and
25:35
economics could literally be in the same goddamn sentence.
25:39
It's a it contradicts itself. Anyways, I'll shut up.
25:43
No, not at all, not at all. Hey listen, you know, we covered
25:45
this. I wanted to have this at the
25:46
beginning. We covered this in the new
25:48
segment in a specific framing. We're covering it now in the
25:51
fail in this different framing where we're diving into why?
25:54
This is a total disaster. Disaster waiting to happen.
25:57
Anyways. Okay, let's keep, let's keep
25:59
moving on about how they're going to make us poorer.
26:01
Under the guise of everyone is free and equal breaking the
26:05
zero. Lower bound requires.
26:07
Eliminating the Arbitrage opportunity between cash at that
26:10
guarantees, a zero nominal interest rate and money in the
26:14
bank that would earn negative interest rates if policy rates
26:19
were cut into negative territory.
26:21
That's right. They're going to try to convince
26:23
us to steal from ourselves. This is this is fantastic.
26:27
This is psychotic and fantastic. And this this ladies and
26:30
gentlemen, are the people that run our monetary policy in our
26:33
system is not psychotic. Phil, remember that bitcoiners
26:37
are now my psychos? We're the psychos.
26:40
They're okay. They're the Smart Ones.
26:42
They're they're our betters. They know what's best true.
26:45
True. And yet, here we go.
26:46
We're going to evidence this. We're going to further Evidence
26:48
how they know best a zero lower bound can be broken through a
26:51
combination of one adopting or strengthening an Sonic money
26:56
standard in which electronic money is the unit of account and
26:59
to implementing a Time, varying interest rate or more generally
27:04
rate of return on paper currency cash.
27:07
So they want to figure out a way to steal from your cash.
27:11
They want to make it less valuable constantly as well.
27:14
They want to make sure that the cash that you have is subject to
27:18
this negative interest rate constantly an essential element
27:21
of an electronic money standard. Is that it does not require the
27:25
the elimination of paper currency to enable deep negative
27:28
rates. It is enough to modify paper.
27:31
Currency policy, an Arbitrage between cash and electronic.
27:35
Money is at the expense of the central bank's balance sheet,
27:40
all due respect. Fuck you, fuck, you, Central
27:43
Bank because why do we need to have our value that we can't get
27:47
back stolen, and the central bank can just simply at the wave
27:51
of a wand, print money Ad nauseam and make us all poor Ad
27:54
nauseam. This is psychotic.
27:55
Crap. No one needs to get poorer in
27:58
order to have social services. No one needs this poverty.
28:01
Anyways, it's not about that. It's the fact.
28:04
No. But it's what happens.
28:05
There are Central planners. They think they know what's
28:09
best, dude. The system where we are today,
28:12
right, with the record amount of wealth inequality, right?
28:17
The fact that my generation a juror, and I were talking about
28:21
this off screen before we can't afford or know he, he, he He
28:26
took the good route and he, he got the fuck out, but the
28:28
average Millennial in the United States, right?
28:31
They can't afford, right? They can't afford to buy a house
28:36
right now. No, but this is the result of
28:39
all of their fucking policies and they still don't understand
28:43
that they are the fucking problem anyways, Goderich.
28:48
Right, who got rich? Yeah.
28:50
Not at not, it's not the future Generations.
28:52
You know how we always talked about on the future Generations,
28:54
should be better, right? They should be better.
28:55
Then us, like, why the hell are we worse off than our parents,
28:58
somehow? Oh, but, but it's all good.
29:00
Because guess what? Man?
29:01
We've got great. Phone's been awesome phones,
29:03
dude. We're set.
29:05
Remember, it's 20 30, well, nothing be happy, bro.
29:08
They say it themselves, man. I know.
29:11
Okay, so here we go. Let's keep diving into this shit
29:12
show because believe it or not, it does get worse.
29:15
Eliminating cash would also be highly controversial among the
29:18
public. The key issue is that the
29:20
existence of cash limits government, power somewhat
29:23
rogoff and rogoff argue that it is.
29:25
Is good to increase, government's power to suppress
29:28
cash, intensive activities that are illegal such as trade and
29:33
deadly, drugs and tax evasion. So, again, we are going back to
29:36
the same bullshit, narratives? Okay, we are doing this for your
29:42
safety. Your value needs to be
29:44
controlled by us for your safety.
29:47
It's for your good countries. Were able to revive their
29:50
economies, by going off, the gold standard moving from a
29:53
paper standard to an electronic. Any standard can Empower
29:57
monetary policy to cut interest rates as much as needed for
30:01
economic stimulus during recessions while enabling a
30:04
gradual shift to zero inflation Target.
30:07
That's right. This is the bullshit that they
30:09
just made up about the gold standard.
30:12
Let's take a look at the purchasing power of the dollar.
30:15
Was it really the best thing to do to get off that gold
30:19
standard? What was that?
30:20
Was that really? It was for them for this.
30:24
Let me was for a very small. All group of people to maintain
30:27
power. But for the average person, we
30:29
all got screwed, all of our time became worth infinitely less.
30:34
Literally they anyways. All right, here we go.
30:37
So, here are the benefits of this bullshit.
30:39
All right, here we go. Benefit number one, true price
30:42
stability with restored Firepower to end recessions,
30:46
right? Just like we saw in that other
30:47
article from the Hundred Years of the FED Reserve rain.
30:49
They were also supposed to stop recessions in boom and bust
30:51
Cycles. We just went through one in
30:53
2008. Bitcoin was born.
30:55
Next Once the transition to the electronic standard eliminates,
30:59
the zero lower bound, a central bank can enable deep negative
31:02
rates if and when needed thus maintaining monetary policies.
31:05
Power to end recessions quickly. We have no frickin clue that
31:08
this is going to work. So you know what that means
31:11
right? Yo oh, do I ever?
31:13
This is essentially a negative interest rate.
31:15
So, think about it this way, right?
31:17
The bank you have to pay the bank for them to hold your
31:23
money. So they could make money off the
31:28
money that you have with them at the bank.
31:32
Think about that for a sec. And the reason that they do
31:34
these that the central planners think that they can incentivize
31:39
people to spend right by having these negative interest rates,
31:45
but it's pesky cash because cash is the is the last thing that
31:50
doesn't allow them to do this effectively.
31:53
Do you know how crazy this is? Don't save for a better future
31:58
because you have to spend because we know what's best for
32:01
you. Your family.
32:02
All right, here we go. Benefit number to avoid episodes
32:05
of high inflation by enabling vigorous use of interest rates
32:09
in either direction. So what do you think about this?
32:11
We are currently going through the highest inflation in 40
32:14
years. They couldn't do it with any of
32:15
the tools. Now, do you honestly think that
32:17
by making the cash electronic? We're simply going to avoid
32:19
this. This is psychotic dream
32:22
nonsense. It makes no sense.
32:24
Okay, benefit number 3 minimize, this is actually one of my
32:27
favorites. It's really interesting
32:29
minimized. Nominal illusion And money
32:32
elusion is a cognitive bias that causes people to think of money
32:37
in terms of its face value. Instead of its real purchasing
32:40
power money elusion, distorts behavior in many areas of daily
32:44
life. No, no, we're not having an
32:47
illusion that are purchasing. Power is going down.
32:49
No one is having an illusion about this.
32:52
So somehow they introduced this weird confusion into this
32:55
article that makes zero freaking sense whatsoever.
32:58
Benefit number for a simple price level.
33:01
Getting approach that sounds like some weird price-fixing
33:04
shit to me. Anyways, a key advantage of a
33:07
zero inflation Target is that it can make price level targeting
33:11
easy to explain price level targeting refers to Central Bank
33:16
targeting of the level of prices.
33:19
Instead of the rate of inflation.
33:20
Does that sound like price fixing to you?
33:23
I, I don't know what that is, Adrian.
33:27
Well thoughts. This is one step before
33:31
communism bro. That's my fucking.
33:33
Yeah, I mean this sounds ridiculous.
33:36
All right, we're going to we're going to continue on here.
33:38
Here we go. Since the global financial
33:40
crisis central banks have become concerned about the effect of
33:43
lower rates on financial stability.
33:45
Hmm, 160 lower bounds are broken.
33:49
Central banks can use vigorous interest rate cuts to shorten
33:52
recessions enough that downward that downwardly sticky nominal
33:57
wages will present less of a problem.
34:02
These people have had a shot. Okay, so finish up, I'll finish
34:07
up and yeah, a transition to an electronic money standard holds.
34:11
The Dual promise of providing monetary policy Firepower to
34:15
restore full employment quickly. While targeting full price
34:19
stability with zero inflation. A hundred years later, the
34:25
Federal Reserve has failed at everything.
34:28
It's tried guys. This is bullshit.
34:33
They think they think they can centrally plan better than
34:38
Millions. Upon Millions upon millions of
34:41
individuals, making their own goddamn decisions.
34:45
After 100 Years of collectivism, the literally hundred million
34:51
people died, right? Whether it's the right wing
34:54
collectivism fascism, whether it's a left-wing collectivism.
34:58
Communism always ends in death. Planning is fucking horrendous.
35:04
After a hundred years, they these mother still have not
35:09
figured out that is the case. Why?
35:12
Because they can't get over the fact that they would have to
35:16
give up power back to the people So that the people could take
35:22
care of it better than they can. And they can't stand that.
35:25
It can't compute in their minds. Remember when central banks?
35:31
And the IMF says that Bitcoin is a risk to financial stability,
35:36
what they really mean is that Bitcoin is a risk for it.
35:42
Stops them from being able to manipulate people through
35:46
monetary policy. That is what they defines
35:50
Financial stability. Nut, jobs off the fuck out.
35:56
Buy yourself some Bitcoin. Anyways, Adrian closing
35:59
thoughts. I hope they get what they want.
36:03
I hope the people around the world who who only use cash and
36:08
then what happens one day when cash disappears?
36:11
Well they're going to have to use something else and Bitcoins
36:14
going to be their best option. So everything they do is just
36:18
going to push people more and more towards the solution.
36:23
Which is Bitcoin. So quite honestly I would love
36:25
to see them try and move. All this stuff, It'll be such a
36:29
disaster and if anything, it'll just play right into every
36:33
single Bitcoin or Sans 100. I 100% agree with that
36:39
statement. That's, you know, all marketing
36:42
is good for Bitcoin. Yeah.
36:45
Keep attacking us baby honey badger, get stronger.
36:47
But anyways, Phil it's time for the daily meme review brought to
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you by sitting It out 21, they make the best Bitcoin culture of
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zine, its stories, articles Comics, written by actual
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bitcoiners. This is volume 11, it just
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dropped and this is volume 10. Every volume has different
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artwork by different Bitcoin artists and their scarce.
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There's only 1000 copies made per volume, get your prints of
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Citadel 21 today. Another episode.
37:17
Oh the daily Bitcoin memory view, we review Bitcoin me.
37:23
And we give them scores the scores themselves are memes.
37:29
So it's a meme review, a Bitcoin memes of which the scores are
37:32
mean. So it's all memes and a review
37:36
and it's bit. I mean, it's a meme within a
37:39
meme and it's bit. Okay, I'm gonna shut up next
37:42
first meme is brought To Us by Sampson Mal.
37:45
Legendary is, did he handle? He handed me a business card the
37:50
Bitcoin conference where he says Nations Bitcoin nation-state
37:54
adoption this guy's it wants guys.
37:56
Flying high left block stream, that's what he's doing now,
38:00
badass. So anyway, shout out to Samson,
38:01
big big fan, buy Bitcoin with dollars while you still can
38:05
Elizabeth Warren. This one is for you.
38:08
The US dollar nothing. And by the way, this is atlas,
38:12
right? It's an old Greek, right?
38:14
And he's the one that holds the globe.
38:17
Anyways, Satoshi was the first psychopath.
38:21
I like that. That Correct.
38:23
That's well done, dude. This dude is great.
38:26
He's got fire memes. Oh, this is, ya know, he's been
38:29
coming through. Yeah, right.
38:31
This is very deep. I feel like I say this all the
38:34
time. Right time is greater than
38:37
money. You could always make more
38:38
money, but you cannot never. Never, get back the time that
38:42
has left. Anyways, the rat race really
38:45
paid off. Maxed out my 401k now.
38:48
Social Security at 60 at age 65, all to spend the last 12 months
38:53
of my life on this deathbed, dude.
38:56
Honestly, it's very true Phil you quit, you know, I gave you
39:00
the same speech is it gives? I was like, dude what are you
39:03
gonna do? You're gonna follow your dreams
39:05
or you're going to fucking get stuck with those golden
39:07
handcuffs? That pay really well doing
39:09
something that you don't want to do, right?
39:11
So yeah man, I really believe that and you know what, I also
39:15
really believe this guy's Bitcoin makes this possible for
39:19
everyone. If you have discipline.
39:22
Stack really hard for for 28 years.
39:26
You will be able to follow your dreams because you're not get
39:30
the the the the anxiety of not being uncertain about the future
39:36
of not being able to afford things is going to dissipate.
39:40
Literally, it doesn't matter how much money you make.
39:43
If you stack disciplined for four years, Ford takes four
39:49
years to get comfortable and eight years to get wealthy
39:52
relative to where you started. You're not going to find
39:56
yourself in this position. Yeah.
39:58
Bitcoin. Gives you Freedom or Michael
40:01
sailor. Even has the URL hope.com,
40:04
right? It's hope for a better future.
40:07
Your houghtaling memes stocks to fuck overhead.
40:09
Geez, I'm holding Bitcoin to bankrupt the banksters.
40:12
We are not the same. I love this template, very good.
40:16
All right. Hang in there.
40:18
Bitcoin plebs 40K bitcoiners 2021 40K.
40:22
Bitcoin is try to get excited too.
40:25
Very good. The Matrix architect.
40:29
Yeah. The architect, the, this will be
40:32
the third when I was a little kid.
40:34
I watched that like at least ten times to understand what their
40:37
conversation met. I watch that when I was older
40:41
and I still have no fucking idea what the conversation, really.
40:46
Dude. It was like, it was like that
40:48
dot dot, dot dot, dot dot. Anyway, this will be the 39th
40:54
time. Bitcoin is crossed.
40:55
R TK and we have become exceedingly, efficient, okay?
41:03
And simply Baker mr. Robot how the FED handles
41:05
inflation dude. Simple but very, very well done.
41:09
Awesome memes for everybody. A awesome memes.
41:12
I, I'm on this tip right now where I'm getting tired of these
41:16
headphones in my ears. So like now, whether I go to the
41:20
gym or like when I go out for a walk I just bring this fucking
41:25
speaker with And I just carry it just, you know, everyone's ever
41:29
and everyone's going to get annoyed because they're
41:31
listening to my music but like, fuck that it's nicer than having
41:35
these goddamn having your ears evaded.
41:39
Yeah, you're a psychopath. I am.
41:44
This is another conjoining. Phil, would you give those
41:48
memes? All right.
41:51
Those were great memes. I love them and I am not as
41:55
fancy as Nico with the awesome speaker, but I will give it this
41:59
no shit coin sticker. Blackburn, what would you give
42:05
those Beams? I know.
42:06
I remember your score from last time.
42:08
It was a fucking drum set. It was badass, what would you
42:11
give? Yeah, well today we got a very
42:15
nice 14 by six and a half of Duke, Stave snare drum.
42:25
Very, very nice. Very beautiful is what?
42:28
I'm is. Custom.
42:29
Custom powder coat. It's beautiful.
42:32
This is what I mean, guys. Listen youyou few mad that of
42:36
course he made that. I'm just, I'm just specifying
42:40
for the viewer. Yeah, I built that.
42:42
That's how ya hear that but that's the actual wood by the
42:46
way. There's no there's no paint.
42:49
Oh it's actually read. Holy crap.
42:52
Very, very beautiful. Sorry.
42:54
Like there's no, there's no painter staying there.
42:57
Anything all the woods I use are all exotic hardwoods, dude.
43:01
So fucking cool. But yeah, so this is what I
43:03
mean, guys. Like look, like does it matter
43:09
how much money you make, right matters?
43:12
If you're disciplined at dollar cost averaging into Bitcoin, buy
43:17
Bitcoin, day or day or shine, no matter how high the price is no
43:21
matter how low you do that for four.
43:24
Years, you're going to be very comfortable.
43:26
You do that for eight years, you're going to be a wealthy
43:30
relatively to where you started and relative to the people
43:34
around you and you will be able to pursue your dreams before you
43:38
turn 60 K, you know and if you are 60 plus dude you do it.
43:45
You do it before you turn 70 bow, right?
43:48
But anyways, guys, we want to know if you agree with our
43:50
scores, you disagree, let us know down in the comment
43:53
section. Make sure to subscribe to us on
43:56
alternative video platforms, like our personal favorite
43:59
Bitcoin tv.com and Rumble.com did they're doing a lot of
44:02
censoring these days so make sure to find us on there.
44:05
If you can't find us here and of course, make sure to join our
44:09
awesome telegram, group they've been giving us some amazing
44:12
memes lately. Thank you guys so much, make
44:15
sure to join the telegram group. It's an awesome community.
44:18
That being said, Phil it's time for the Daily News brought to
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44:54
longer. So and I had a piece on the IMF
44:57
today, I'm going to save it for tomorrow, but the reason I'm
45:00
bringing it up is I want you guys to tie this in to what Phil
45:05
was saying, right? The Phil was essentially saying
45:08
is that the IMF essentially wants to have such a centrally
45:12
planned currency that they don't want you to say, but you know,
45:15
what's stopping them to use? Christine Lagarde the head of
45:18
the of the European Central bank's own words that that very
45:22
very naughty. Bitcoin Escape valve.
45:25
So check this out. We're going to review this in
45:28
totality tomorrow. I'm just going to read you.
45:31
This headline, this is the global financial sociability
45:34
report, April 20, 22 by the IMF, but I'm just going to read you
45:39
this headline of this article that covers that report IMF says
45:44
Capital control Powers should include crypto.
45:48
Why should they include crypto? Because it's the Escape valve.
45:52
Now, I want to focus on this article by the guardian, very
45:56
reputable news source, right? That makes the case for what the
46:01
imf's, wet dream, baby, those Central Bank, digital
46:04
currencies. And this ties into this idea
46:07
that I've been trying to tell you guys over and over and over
46:11
again in the future, the not so distant future.
46:15
You're going to have to pick and choose between a central bank,
46:18
digital currency. A more convenient slavery or
46:23
slightly less convenient, Freedom, which is Bitcoin.
46:28
It's happening. Anyway, so let's check this out
46:31
article by the guardian currency and control wide Bitcoin.
46:35
Why China wants to undermine Bitcoin?
46:38
While the argument rages about whether the volatility of crypto
46:42
is a sign of fundamental weakness or merely a bump along
46:45
the road, I would even say it's not a fundamental weakness.
46:49
It's literally a Sure. Not a bug, right?
46:51
The thing is what they don't mention about this volatility is
46:54
that it's volatility on the way up.
46:57
These so-called so stable currencies, it's literally
47:01
progressively on the way down forever.
47:05
Of course, they can't tell you that or merely a bump in the
47:08
road, the initiatives coming out of Beijing are being seen by
47:13
experts. Again, those are the same
47:14
experts last scientists that call those Psychopaths as a sign
47:18
of China's attempt to increase. Be its own fledging, eat
47:22
currency, and check this out. China is going to reboot the
47:26
International Financial system. The People's Bank of China aims
47:30
to become the first major Central Bank, to issue a central
47:33
bank, digital currency while the People's Bank of China
47:36
counterparts in the west have taken a more cautious approach.
47:40
Maybe because they're not this, you know, dictatorial regime
47:44
that has killed tens of millions in their own people.
47:47
I know back in the color Revolution and all that maybe.
47:50
Maybe, you know, maybe they're not the locking down people in
47:54
Shanghai and entire cities. Maybe that's the reason.
47:58
But anyways, check out dude, these corporate media Legacy
48:03
things are so compromised, just check out the wording.
48:06
The benefits of Annie currency are immense as more and more
48:10
transactions are made using a digital currency controlled
48:14
centrally the government gains more and more ability to monitor
48:19
the And it's people tie this in with the IMF that Phil covered
48:28
tie this in with literally the headline of this article.
48:32
We're going to go through it tomorrow, but check this out.
48:34
IMF says Capital control Powers should include crypto.
48:41
Bitcoin is the way out, which is why China banned it in the first
48:45
place. And this is the alternative,
48:48
this is the alternative that you have, and this is the pump that
48:51
these people have the government gains more and more ability to
48:55
monitor the economy and its people.
48:58
When the fuck has the government ever done better than the free
49:02
market at doing anything. Never China believes that by
49:09
internet internationalizing, the you on it, could reduce its
49:12
dependent on the dollar denominated banking system.
49:15
Alarm in Western countries is such that the threat posed by
49:19
the digital Yuan, which could put china out of the reach from
49:23
International Financial sanctions.
49:24
There it is. Again, the threat of an
49:27
unregulated alternative monetary system emerging from blockchain.
49:31
Technology is a clear and present danger to the communist.
49:35
According to observers seen from the perspective of central
49:38
bank's, cryptocurrencies are a threat to financial stability.
49:43
There it is again. Financial stability to meet it
49:48
to them. Basically means that Bitcoin
49:51
undermines their ability to control people.
49:55
That's what they defined Financial stability as the
49:59
people win. The lead Central Bankers, they
50:03
lose anyways and this I think this quote is very telling all
50:08
central banks want to control them, the People's Bank of
50:12
China, the US Federal Reserve, the European Central Bank, he
50:15
says they have no interest in parallel.
50:19
Currencies floating around So that's another reason to control
50:26
cryptos. Here it is.
50:27
Phil connect us what you were saying to protect the consumer.
50:31
Uninformed investors could lose huge amounts of money.
50:35
What about what about all that money lost by that inflation?
50:40
That's never mentioned. No, no, no, because that's
50:42
that's part of the system Nico. That's, you know that that's
50:45
part of the that's a feature. The value loss is a feature.
50:49
Not a bug fan said on Thursday, that crypto currencies such as
50:53
Bitcoin has had become tools for speculation and we're bringing
50:58
potential risks Agera. Here it is again to Financial
51:01
Security and social stability. Did you guys see the protest and
51:06
in all these countries about the massive inflation What about
51:10
that? Is it?
51:12
That's, it's not a threat. Social stability.
51:14
Listen, guys. When you have a corporate Legacy
51:19
Media institution, siding with the Chinese Communist Party, who
51:23
is responsible for killing tens of millions of their own people
51:27
during the cultural revolution during the color revolutions.
51:33
Literally starving people to death, right?
51:36
That is usually not a good sign. That is usually not something
51:39
that you want to copy. You know who also said that.
51:42
Brad Sherman. You guys remember Brad Sherman?
51:45
He said, we should be following China's example.
51:49
Let me tell you guys something. If the United States wants to
51:52
keep its leadership role in the world, in the world of business
51:56
and finance, A needs to get rid of this centralization bullshit
52:02
and it needs to double down on bitcoin where everybody wins.
52:09
But in order for that to happen, a lot of these government,
52:12
bureaucrats need to take a need to fucking eat some Humble, Pie
52:16
and realize that they are the fucking problem.
52:20
So yeah, man, it's just connect this with what Phil was saying
52:23
about the IMF, the the dude, in the the push.
52:28
For this is just absolutely absurd.
52:30
Let me show two more examples here and I look for the Beijing
52:35
Olympics, medal leaders, reflect World, Central Bank, digital
52:39
currencies. So they used, right?
52:42
They used the Olympic Games in Beijing to Market, their Central
52:48
Bank, digital currencies an update to the global CBD, see
52:51
race, and how the international de Beaute of the digital you
52:54
want. At the Winter Games is pure
52:57
Olympic. Gold.
52:59
Another mainstream institution over three hundred and fifteen
53:03
thousand dollars in digital you on used every day at Olympics,
53:08
People's Bank of China. Officials say, this is why the
53:12
international monetary fund is against Bitcoin.
53:15
This is why China bag bans, Bitcoin within its borders.
53:21
This is why the world economic Forum attacks Bitcoin.
53:27
Because it gives people freedom from the central planners, and
53:31
the central planners that drives them, absolutely up the wall.
53:36
And if the United States, I don't think it's going to go
53:39
this route. Decides to try to go to through
53:44
the route of China. A central fucking that this
53:48
Frankenstein creature, that's going to allow governments to
53:52
control every single action that people do with their lives.
53:57
They are, they're not playing, they're not playing their
54:01
strengths. The strengths of the United
54:04
States is individualism is American exceptionalism, right?
54:08
And Bitcoin is perfect for that. Let's get rid of the Central
54:13
Bank, fucking money, and let's move on to bitcoin.
54:17
And I hope that's the path that the United States takes.
54:20
I if we follow in the route of China, we're not going to do it
54:26
as good as these crazy communist that are willing to kill tens of
54:29
thousands, tens of millions of their own people.
54:31
We're just not going to do that. So we're gonna half-ass it.
54:34
Is it gonna be like half of a surveillance coin but you know,
54:39
it's still going to have some features know No.
54:41
Let's double down on the most fucking American currency that
54:45
was ever invented in the history of mankind.
54:47
Bitcoin. Even the founding fathers would
54:50
agree anyways. Phil, what are your thoughts on
54:53
this? Yeah, they definitely would have
54:55
all been bitcoiners that that is 100%.
54:58
The other thing is this, right? This is the this is the final
55:03
battle, right? This is the final boss, the
55:05
Central Bank, the bank of international settlements, I
55:08
mean look the separation of money and state is probably
55:12
going to be the biggest battle of our time, you know?
55:17
Like I mean the the battle of Operating church and state went
55:20
on for. I don't know how many, you know
55:22
for. I feel like it went on for
55:24
definitely more than 100 years. If not more, you know, like that
55:27
just, you know, the business of dying for God is very good.
55:31
Well, guess what? The business of dying for money
55:34
is also good. Right.
55:35
Because we all know our current system is backed by violence and
55:39
we all understand how many people died, you know in these
55:43
wars. But anyways my point being this
55:45
is going to be a total uphill battle.
55:48
I don't see us going in the direction.
55:49
Direction of China. We are going to find out, right?
55:51
We always say how Bitcoin exposes our incentives, we are
55:54
going to find out exactly number one which states are Freedom
55:57
oriented and which ones aren't because.
55:59
I think that that's where the Battle Ground begins, right?
56:01
If we start to see some politicians or a group of
56:05
politicians start to bring in these practices from China,
56:09
which we've already started to see, we are going to begin to
56:13
see the divide the further divide.
56:16
Okay? And yeah.
56:18
So anyways, I'm definitely look. I'm optimistic about Bitcoin,
56:22
but I'm definitely worried and scared because of who owns the
56:27
corporate owned media angry. Their allegiance is an
56:30
incentive, but they're dying. The the the ability of the
56:33
corporate media to control the masses is severely, diminishing
56:38
year upon Year, Joe Brogan being the most popular broadcaster.
56:43
I think highlights that anyways, Adrian, any closing, thoughts?
56:50
What a shit show. There's just reminds me what I
56:54
was saying earlier. I think the more that they try
56:58
the more it's going to push people to figure out what the
57:02
hell is going on in this world and it's just going to create
57:05
more dividing lines. It's going to it's going to push
57:08
people to really look at what's going on in this world and
57:11
decide where they're going to stand.
57:15
And I don't think we've even begun to see the effects of What
57:20
Bitcoin can actually produce in this world?
57:22
I think one is like out, when did L Salvador happened?
57:25
Like last September. I, dude, and it's like,
57:28
literally, the crime has already gone down the GBP has increased
57:31
by 20%. I mean, that's just one year of
57:33
a Bitcoin standard. Like we've seen that nothing.
57:37
So as far as actually seeing the full, you know, measurable
57:41
effects of what Bitcoin can do in this world.
57:43
I don't think we've seen it. I think we're still living in.
57:47
Order out of chaos. Isn't that written on the
57:50
American dollar bill in like Latin and something or
57:53
something? Isn't it?
57:54
Isn't it written like Ordo AB Chao Chi or something like that?
57:58
Anyway, it's somewhere on the American money, it's written in
58:02
Latin order out of chaos. And to me that's sums up the
58:05
entire Fiat system is to basically just create as much
58:09
chaos and people's lives as possible.
58:11
And that's it. That's how you take a today to
58:14
benefit the few show that Central.
58:17
Is could essentially control the populace.
58:20
Remember, this is Fiat is anti-American.
58:23
It was established in 1913. The founding fathers of this
58:27
country of the United States were vehemently against paper
58:31
money. And to end this new segment, I'm
58:34
going to read you a quote by George Washington himself.
58:37
He says, paper money has had the effect in your state that it
58:40
will ever have to ruin Commerce. A press the honest and open the
58:45
door to every species. She's a fraud and Injustice.
58:49
America needs to go back to its roots.
58:52
It needs to go on a Bitcoin standard and it's going to
58:56
happen. It's inevitable and for any
58:58
country that does it. Have fun staying poor.
59:00
Anyways, Phil there was an open source software released today
59:03
wanting to everybody about it software releases, brought to
59:07
you by Cipher safe, check them out.
59:09
Cipher safe dot IO. Okay, we already went through
59:12
with the paper burns. The other thing is, you don't
59:14
want to store your seed in A banks.
59:17
Pause it box. That makes no sense because now
59:19
the bank holds your seed what you want to do storage yourself
59:22
store it in the Cipher wheel or store it in the all new Cipher
59:26
grid. They both come with a temper
59:28
resistant wire but the grid also comes with a punch tool.
59:32
All right? We've got the latest version of
59:35
my node. That's right. 0.2 dot 54.
59:40
So if you've already got my note installed, you could just
59:42
upgrade from your, you know, directly from your web UI.
59:47
A wise on the website. It's still 2.53.
59:49
Anyways. Fifth not 2.54, is released its
59:51
Down Below in the show notes, guys, don't forget to check us
59:55
out. On our Audio.
59:56
Only platforms Apple, podcasts Spotify, and anchor, and if you
1:00:01
want to stream us some SATs. Check us out on Fountain dot f
1:00:05
m. You can stream using Breeze.
1:00:08
Awesome. Thank you Phil.
1:00:09
All right guys, that was our show before we go when I give a
1:00:11
very special shout-out to our clothing.
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I also want to give a very special shout-out to a dear dear
1:00:35
friend of the show. This guy has been with us since
1:00:38
the very beginning, he's been a fan, you'll give him a follow on
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Twitter at and BTC Blackburn. He builds.
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Drums for Bitcoin, definitely support another fellow pleb
1:00:51
plumbing and of course guys, that was the show.
1:00:54
If you enjoyed the show, you know what to do.
1:00:55
Smash that like button. And of course, if you want to
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1:01:06
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1:01:13
guys. For a brand new episode Bitcoin,
1:01:16
exposes all Our incentives. No one is spared.