Latest / Simply Bitcoin / Why Bitcoin Will Surpass Gold | Prince Philip of Serbia

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Why Bitcoin Will Surpass Gold | Prince Philip of Serbia · Simply Bitcoin

• 0:00
  They look at Bitcoin as a bit of a threat to a lot of
• 0:02
  politicians. Really.
• 0:03
  Yes, but. That's not a lot of them.
• 0:05
  Handful of politicians waking up and realising that they need
• 0:07
  Bitcoin more than Bitcoin needs them.
• 0:08
  But Bitcoin doesn't need a politician.
• 0:10
  Bitcoin will be fine. It will survive.
• 0:11
  Gold is not our competitor, actually gold is our it's almost
• 0:14
  our benchmark. The higher gold goes, the higher
• 0:17
  Bitcoin will go. This is the issue that we that
• 0:19
  with that facing most of the of sovereign countries around the
• 0:22
  world, is that, are they really that sovereign?
• 0:24
  Do they actually have full control of their finances?
• 0:28
  You're telling me it's not hard to get a meeting with a
• 0:31
  politician, but it's very difficult for them to act upon
• 0:35
  it. So what do you think has been
• 0:37
  the most difficult thing for you that you've experienced?
• 0:42
  Yeah, That's. Can we go down this rabbit hole?
• 0:46
  I would love to go down this rabbit hole.
• 0:51
  Yeah, welcome to another episode of Simply Bitcoin IRL.
• 0:55
  We're here in the beautiful. Lugano, look at the.
• 0:57
  Lake, the clouds parted. It's Been spectacular is the
• 1:01
  first interview I've ever done with His Royal Highness Prince
• 1:05
  Phillip of Serbia. Thank you so much for joining
• 1:07
  me. Thank you very much for having.
• 1:09
  Me. Did I get that correct?
• 1:10
  You got it correct, yeah. You know, it's been quite
• 1:12
  embarrassing because before we went on air, I kept calling him
• 1:15
  dude and bro and I was like, Oh my God, what am I doing?
• 1:18
  I'll allow you I. Appreciate it.
• 1:22
  Prince Philip, you are the chief strategy officer at Jan 3.
• 1:26
  That's right. What made you want to do that?
• 1:28
  Well. I got into Bitcoin.
• 1:30
  We spoke about this earlier on. I got into Bitcoin 2017.
• 1:33
  I was working traditional finance and back then it was
• 1:38
  just introduced to me as an inflation has something like an
• 1:40
  investment. And it was very interesting back
• 1:43
  then. But I also got distracted by all
• 1:45
  this old coins, strip coins and stuff.
• 1:46
  And it wasn't until 2020-2021 when the whole of the COVID
• 1:50
  thing happened and all the incredible things that happened
• 1:53
  in the markets. I started paying attention more
• 1:55
  to Bitcoin. I started studying it more and
• 1:57
  realized that this is sitting on something that's that's going to
• 2:00
  change the world. So I became a maxi by 2020-2021
• 2:03
  and I got rid of all my the odds I had, which wasn't that many at
• 2:07
  that time. And I wanted to dedicate my life
• 2:09
  to Bitcoin. And then it wasn't until so in
• 2:11
  2020, I moved back to Serbia with my wife and my son.
• 2:15
  At the time, we were living in London and I was working
• 2:17
  traditional finance there. And when COVID hit, my job went
• 2:20
  online. And I realized after two weeks
• 2:23
  of doing this, working from my desk in my bedroom, I could be
• 2:25
  doing this anywhere in the world.
• 2:27
  And I thought, hey, let's go, let's move back to Serbia now.
• 2:29
  So we moved back by June 2020, my wife and I were working on
• 2:34
  the PR of my, of my family. We're just trying to do what we
• 2:37
  can to visit the country, visit people who are very people who
• 2:40
  invite us all all over the country to, to get to know us.
• 2:43
  And we, we, the idea of monarchy is still very much alive in
• 2:46
  Serbia. And one thing led to another and
• 2:49
  we got invited onto the biggest talk show in Serbia early 2022.
• 2:54
  And that's when the host who I got to know a few days before,
• 2:59
  asked me if it's a good time to talk about crypto.
• 3:01
  And that's when I interrupted him and said, no, no, it's not
• 3:03
  about crypto. It's all about Bitcoin.
• 3:05
  And then talked about a minute or two about Bitcoin.
• 3:07
  And that clip, of course, went viral on on Bitcoin Twitter,
• 3:11
  YouTube and all that. And next thing I know, I'm being
• 3:13
  invited to Miami to the conference in 2022.
• 3:16
  And I'm meeting the likes of like safety in the Samson and
• 3:20
  Samson Mao, who just started Jan 3, was like, hey, Philip,
• 3:24
  starting this company Jan 3, would you like to work for us?
• 3:26
  You know, we're going to be trying to orange pill nation
• 3:29
  states. I was like, yeah, I'm in, come
• 3:30
  in. And that's when I started
• 3:32
  transitioning out of my financial, my traditional
• 3:34
  financial job and finally went to something that I'm more
• 3:37
  passionate about. Yeah, and, and I feel like, you
• 3:40
  know, you, you find a mission in it, right?
• 3:42
  You find a mission in it, you find the dedication.
• 3:44
  You're like, wow, Bitcoin truly does when it clicks, right?
• 3:46
  It takes a little bit to click, but when it clicks, we're like,
• 3:48
  this is something, this movement is bigger than myself, right?
• 3:52
  And I could actually make the world a better place, you know,
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  cuz you always have that ideas peoples like I can make the
• 3:58
  world a better place. But can you right?
• 4:00
  You know, with Bitcoin is this, it's this amazing technology
• 4:03
  where we're all winners, like we all win, right?
• 4:06
  Like I love Max Keiser's way of, of phrasing.
• 4:09
  It's, it's hysterical to me. It's like Larry Fink, Bitcoin
• 4:12
  employee of the month, you know, and it's because Larry Fink's
• 4:15
  going on legacy financial media and he's, you know, preaching
• 4:19
  Satoshi's gospel. And now I'm sitting here with
• 4:22
  the Prince, right? And he is the chief strategy
• 4:25
  officer at Jan 3, right? Which is their mission.
• 4:28
  That is Samson's mission. Your guys's mission is to, you
• 4:30
  know, spread nation state Bitcoin adoption.
• 4:33
  Which is the seed up hyperbicronization.
• 4:35
  Yeah, it's crazy. Bitcoin is a, it's a grassroots
• 4:38
  strategy, It's bottom up, it's decentralization at its best.
• 4:42
  But obviously, orange peeling nation states, presidents,
• 4:45
  ministers and those corporations and things like that.
• 4:49
  It's it's it's a top down approach that so that's where we
• 4:52
  Sampson's realize that there could be a niche there and and
• 4:54
  to give Bitcoin some credibility.
• 4:56
  So if you have a meeting with a president, the Prime Minister,
• 4:58
  so forth, and have a picture with him, that actually helps to
• 5:01
  get people to talk about Bitcoin more and they might change a few
• 5:04
  minds get get them on to understanding about Bitcoin.
• 5:06
  Absolutely. You know, one of one of the
• 5:08
  things that I've noticed Prince Philip is after Naimbu Kelly
• 5:12
  made his famous announcement at Bitcoin 2021, I was anticipating
• 5:17
  many more countries following the next year, right?
• 5:20
  Because I saw the momentum and the next year happened and
• 5:23
  didn't really plan out that way. Like it didn't, there wasn't
• 5:26
  that many announcements. There wasn't that many countries
• 5:29
  following suit and I couldn't put two and two together.
• 5:32
  And it wasn't until El Salvador got a notification from the IMF
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  regarding, you know, hey, if you want this loan, you got to like
• 5:41
  not make Bitcoin legal tender that I came to the realization,
• 5:45
  Oh my God, the IMF has dealings with like half the world.
• 5:48
  And you know for a fact they're telling all these countries
• 5:52
  behind the scenes, if you want these SDRS, you're not getting
• 5:56
  any type of, of, of you can't make Bitcoin legal tender at
• 6:00
  all. So this is almost like if it
• 6:02
  pulled the rug, it took the momentum out of this thing that
• 6:06
  was naturally occurring already in El Salvador.
• 6:08
  And I want to get your thoughts on how you guys are combating
• 6:11
  that. Well, El Salvador was an
• 6:13
  interesting case at the beginning.
• 6:14
  As you said, it was a bit of an outlier, a little bit like micro
• 6:18
  statutory or strategy today that they were the first country's
• 6:21
  first movers into it. And it happened that strategy is
• 6:24
  a much more successful and they knocked to the constraints of of
• 6:28
  an A nation state like El Salvador.
• 6:29
  El Salvador, as we later learned, as you correctly said,
• 6:32
  had other compromises. And this is the issue that we
• 6:36
  that with that facing most of the sovereign countries around
• 6:39
  the world, is that are they really that sovereign?
• 6:41
  Do they actually have full control of their finances?
• 6:45
  And when you learn about Bitcoin, you understand that
• 6:47
  maybe they don't. So when we're Jan 3, we've,
• 6:51
  we've had some interesting conversations and to get in a
• 6:54
  meeting with the, with the politicians, not that difficult
• 6:57
  for them to get to understand Bitcoin is very difficult, but
• 6:59
  you have to figure out how it can help them.
• 7:01
  And I think now for getting people to pay attention to
• 7:05
  Bitcoin, it's about how they can understand that Bitcoin is for
• 7:07
  this is a long term strategy and they can.
• 7:09
  And I think mining is 1 area that we're we're trying to get
• 7:12
  into as well. So in how you can use budget
• 7:15
  neutral ways of how to stack Bitcoin doesn't really that
• 7:18
  doesn't really interfere with the compromise that the
• 7:21
  countries have already. So hopefully in the future we'll
• 7:23
  be we'll be doing more of those. And this is something that we
• 7:25
  see a lot of nation states when they're adopted Bitcoin, they've
• 7:28
  adopted it through mining. The other area that we've seen
• 7:30
  is actually just having no capital gains tax.
• 7:33
  That in a way is adoption, I would say.
• 7:35
  So in this country we're in right now, Lugano, for example,
• 7:37
  in 2022, they the Plan B strategy of having having most a
• 7:42
  lot of terminals here in Lugano accepting Bitcoin was a huge eye
• 7:46
  opener given that Switzerland is the country that's most, almost
• 7:50
  least likely to adopt Bitcoin given its financial stability.
• 7:53
  But then you see other countries like UAE as well who are quite,
• 7:57
  quite ahead. And of course, there's a lot of
• 8:00
  old shit coining happening over there.
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  But you know they. Have very good bit of a tax, tax
• 8:04
  haven situation there. So in the next stage right now
• 8:07
  is for countries just to realize that Bitcoin is the ultimate
• 8:10
  reserve. And we've seen gold rising right
• 8:13
  now. And I think that's a good thing
• 8:14
  that gold is not our competitor. Actually gold is our essentially
• 8:18
  it's almost our benchmark. The higher gold goes, the higher
• 8:21
  the Bitcoin will go. And we want gold to go as high
• 8:23
  as possible because that means that Bitcoin will actually meet
• 8:26
  and actually go foot so past gold in the future.
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  today. What do you what?
• 9:16
  Do you think has? Been the biggest difficulty?
• 9:19
  You're telling me it's not hard to get a meeting with a
• 9:22
  politician, but it's very difficult for them to act upon
• 9:26
  it. So what do you think has been
• 9:28
  the most difficult whole thing for you as chief strategy
• 9:31
  officer of Jan 3 that you've experienced?
• 9:36
  Yeah, that's. Getting them to understand
• 9:39
  Bitcoin, you know, it's, it's not something that you, you have
• 9:42
  to have an open mind. Like what?
• 9:44
  What like in terms of like they just don't want to like they
• 9:47
  don't want to listen or they're a little bit older.
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  Like their incentives are not a lie of.
• 9:52
  Course incentives, not lying. OK, How to say it is like they
• 9:55
  are doing well in a world that doesn't need Bitcoin in their
• 9:58
  world and they're sort of protecting what they do best in.
• 10:02
  And it's not doing that. They're not being the fairest
• 10:04
  about about this at all. They're just doing what they are
• 10:06
  paid to do and to feed their families, their friends and
• 10:09
  family. So Bitcoin comes along and it
• 10:11
  kind of tests that. And so they they look at Bitcoin
• 10:14
  as a bit of a threat a lot, a lot of politicians.
• 10:16
  Really. Yes, but that's.
• 10:18
  Not a lot of them. Some of them will now realizing
• 10:20
  that we haven't since it's over here in in Switzerland, we have
• 10:24
  some politicians, many politicians around the world,
• 10:26
  not many of a handful of politicians waking up and
• 10:29
  realizing that they need Bitcoin more than Bitcoin needs them.
• 10:31
  But Bitcoin doesn't need a politician.
• 10:32
  Bitcoin will be fine. It will survive.
• 10:34
  So I think that we're given that the how, how financial systems
• 10:38
  are are are developing around the world and inflation is is
• 10:41
  persistent even in the in the most stable countries.
• 10:43
  I think now people are starting to wake up.
• 10:45
  That's really interesting. So you kind of confirmed the
• 10:49
  smoking gun, which is basically they're just not incentivized to
• 10:52
  understand it how the current system is structured.
• 10:55
  And it's interesting you say that, Prince Philip, because
• 10:57
  it's like, you know, supposedly it's a government by the people
• 11:00
  for the people. But I think the printers
• 11:03
  misaligned those incentives and it no longer becomes a
• 11:06
  government by the people for the people, becomes a government for
• 11:09
  the government by the government.
• 11:10
  But that's because you start to question democracy and how the
• 11:14
  incentives of a democracy aligned to help those who would
• 11:17
  get those into power. So yeah, through lobbying and
• 11:20
  and and favors being done and then.
• 11:22
  So could we go down this rabbit hole if we want to?
• 11:24
  I would love to go down this rabbit hole.
• 11:25
  So yeah, I mean, oh man, touchy subject.
• 11:29
  So there's trade-offs between the political systems, right?
• 11:32
  And I think there's very famous book, right?
• 11:34
  It was democracy the the God that.
• 11:36
  Failed by handsome and Hope. Yes.
• 11:38
  And I think in the West we have this idea that democracy is the
• 11:43
  end all be all without looking at the trade-offs.
• 11:47
  And I think it was, I think it was like originally like
• 11:49
  Franklin that said this, but it was basically like his
• 11:52
  prediction for what was going to happen eventually in the United
• 11:55
  States politically was like, look, it's just going to turn
• 11:58
  into a popularity contest of who can basically get into power.
• 12:03
  So they can control the treasury.
• 12:05
  And if they control the treasury, they can buy the boats
• 12:07
  and then they could buy the votes and they can remain in
• 12:09
  power and et cetera, et cetera, et cetera.
• 12:11
  And you see that a lot in the West.
• 12:14
  I think it was John Adams. It was John Adams.
• 12:17
  I think it was John Adams. He was a, he was a big reader
• 12:20
  and I think he read into Polybius's anacyclosis, which is
• 12:23
  like a seven stage, 7 or 8 stage cycle of how civilizations
• 12:28
  progress and fail. Essentially, to sum it up very
• 12:31
  quickly, as you start with, I say anarchy in a nice sense, but
• 12:35
  out of the anarchy you get order, which will you get a
• 12:37
  king, you get a strong man of king.
• 12:40
  And for a while it's it's good. The king breeds other kings, the
• 12:43
  herds a good hereditary line. But then you get bad kings along
• 12:46
  the way. And then that breeds tyranny.
• 12:47
  So from monarchy you get tyranny.
• 12:50
  Then that tyranny, you have people who rise up and that's
• 12:53
  mainly the aristocracy who rise up, take down that king.
• 12:56
  And then you get an aristocracy rising up.
• 12:58
  But then an aristocracy, they they become corrupt, they become
• 13:01
  fat cats. They become do favors for each
• 13:02
  other. The people start to suffer.
• 13:04
  And then that turns into a part like people who a lot of money,
• 13:08
  I know you have a lot of money and.
• 13:11
  I know you're talking about the oligarchs.
• 13:13
  The oligarchs. Oligarchy.
• 13:15
  Why did I figure that there? Yeah.
• 13:17
  So from our stalkers you have oligarchy, which is the bad form
• 13:21
  of our storks. Smiling in the backgrounds.
• 13:24
  Yeah, the bad form of, of, of aristocracy with oligarchy, then
• 13:28
  the people rise up and then you get democracy.
• 13:30
  And then after democracy gets corrupted and stuff, then you
• 13:33
  end up having well, we're kind of talk about you have end up
• 13:36
  with mob rule or chaos. And then from that the cycle
• 13:39
  repeats itself. And then you'll get a strong man
• 13:41
  again, a strong leader, and then you'll get some sort of monarchy
• 13:43
  again. I'm at.
• 13:44
  I'm at. That point, dude.
• 13:45
  And I think America was. That's why people's very much
• 13:47
  like in America to the Roman Empire, the way it's structured,
• 13:50
  and they try to find the best of all pieces, but it doesn't last
• 13:53
  forever. That's the problem is that
• 13:55
  originally America, and I give it credit, like the way that
• 13:59
  it's structured, like the founding fathers, like they
• 14:01
  knew, like they, they absolutely knew that power, absolute power
• 14:05
  corrupts absolutely and they did.
• 14:07
  So they tried so hard to put in so many checks and balances, but
• 14:11
  you could see how much it's like eroded over time.
• 14:15
  And this is exactly Hoffa's book.
• 14:17
  And I think it's democracy. It's human.
• 14:19
  Nature. Has a great chapter on that,
• 14:20
  yeah. It's human nature, right?
• 14:23
  And but then you're getting to this point where it's just
• 14:25
  honestly, you see the moral decay in society and then you
• 14:28
  see the chaos. Not here in Switzerland.
• 14:31
  This never happens in Switzerland.
• 14:33
  They've perfected everything. But other than Switzerland, you
• 14:35
  kind of start to see that. I think in the United States,
• 14:38
  I've never seen the political violence, never.
• 14:41
  Like I've never seen the political violence that we're
• 14:43
  experiencing today. And it's very sad.
• 14:46
  It's tragic. And I honestly to kind of loop
• 14:48
  this back in to connect it with Bitcoin.
• 14:50
  Yeah, I was going to connect this.
• 14:51
  OK, perfect. Right.
• 14:52
  We're, we're now we're reading each other's minds.
• 14:55
  I love this. I think a lot of this comes down
• 14:58
  to the fact that the money's broken, which fuels wealth
• 15:01
  inequality with a wealth inequality, then fuels political
• 15:05
  instability. And then that's when people
• 15:07
  start to revolt and say, hey, you know WTF, You know what's
• 15:10
  going on. Right.
• 15:11
  So and just as we talk about Bitcoin, the sun rises.
• 15:14
  I know. Right, that's perfectly.
• 15:15
  The camera guys are probably freaking out because all the
• 15:17
  lighting's otherwise. Different, but I would say, you
• 15:20
  know, for the honest psychosis, which is not a perfect,
• 15:22
  absolutely perfect, but it's quite a good description of what
• 15:24
  happens, how civilizations fall over time.
• 15:27
  One thing that could have helped smoothen things out or stop the
• 15:30
  decay from one stage to another is if the money was not broken.
• 15:34
  If the money was hard like Bitcoin.
• 15:36
  Yes they had hard hard money back then, but back then hard
• 15:39
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• 15:43
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  Check out LED in today. So what countries have you found
• 16:45
  success in specifically? I don't.
• 16:48
  Think there is any successful countries?
• 16:50
  So like, you have Prospera, right?
• 16:53
  Prospera. I mean, it's a free city in
• 16:55
  Mededa. No, Prospera is a free city in,
• 17:01
  in Honduras. They're trying to become the
• 17:02
  next Singapore. Really.
• 17:04
  You had in the age in the, in, in the Med, in medieval.
• 17:08
  I wouldn't call it medieval, but in the Renaissance period, you
• 17:10
  had free, essentially free cities like Venice.
• 17:13
  And oh, what's that lovely? What's that lovely city down in
• 17:17
  the middle, Florence, Florence, yes, beautiful.
• 17:21
  And they had like these small, they had their own hard money
• 17:25
  standard there and they had their own coinage and it's sort
• 17:28
  of art and society flourished under these small cities.
• 17:31
  And what did the modern equivalent to that is Singapore.
• 17:33
  So that's why a place like prosperous trying to trying to
• 17:37
  replicate. And there's other examples
• 17:38
  around the world. Mededa could be an example as
• 17:41
  well. But the president, he gets
• 17:44
  Bitcoin, but I don't think he fully understands Bitcoin to to
• 17:46
  to really. I mean, they are autonomous to
• 17:49
  Portugal over there kind of constraint, but he has
• 17:51
  opportunity there to push it further.
• 17:52
  He's a good guy and I think he can.
• 17:55
  So then what's the next step? The next step is if we're
• 17:58
  looking at the hop in, if we're looking at the hop in prediction
• 18:02
  is that what would, what would makes, what makes society work
• 18:06
  best is when it's, we have smaller jurisdictions, smaller
• 18:08
  populations. Just like how Germany, for
• 18:10
  example, was in the 19th century when it was at its at its best
• 18:14
  was when there was like 43 or something like 43 different
• 18:17
  kingdoms, small areas and they're all competing with each
• 18:20
  other. So city states, yes, city
• 18:21
  states. And when you have smaller
• 18:23
  jurisdictions, you have more homogeneous Co populations.
• 18:27
  And if you have a democracy there, it's the, the, the
• 18:31
  general public are much more informed.
• 18:34
  Even the, the big supporters of democracy in the, in the 17th
• 18:37
  and 18th and 17th and 18th century discard were saying that
• 18:41
  democracy would not work beyond a certain population over
• 18:44
  100,000 people. And look what we have now.
• 18:46
  We have democracies that are in the hundreds of millions.
• 18:49
  Even so, it's a system that's always going to fail.
• 18:52
  And I hate, you know, it's, it's a very tough, toughest subject
• 18:55
  it's to talk up to. Well, it's taboo.
• 18:57
  It's taboo, right? But I don't think it should be.
• 18:59
  It's taboo, but I think that once you if you read enough
• 19:02
  about history and then I think Bitcoin expedites this process,
• 19:06
  yes, you realize the extreme lack of efficiencies in
• 19:11
  government today. And it kind of blows her mind a
• 19:14
  little bit, you know, And I remember I was, you know,
• 19:17
  Svetsky, right, yes. So I was we were having a
• 19:20
  conversation and the way that he phrased it again, this is so
• 19:24
  taboo. Like you cannot talk about this
• 19:26
  because it goes against the consensus basically that was
• 19:30
  established in the last century. And this originally, by the way,
• 19:34
  this is how the original vision of the United States was, which
• 19:39
  was the stakeholders were the ones who had votes.
• 19:43
  You didn't have universal suffrage.
• 19:45
  And then it's such a tough boost subject that you bring that up
• 19:48
  and you're like, what do you mean?
• 19:50
  Like that's crazy. Like how can you know whatever.
• 19:53
  But if you think about it, it's like, look, if you own a
• 19:56
  business or you own a building or you employ a bunch of people,
• 20:00
  your vote is equal to someone that perhaps is not as
• 20:03
  productive in society, right? Your votes are equal.
• 20:06
  What's going to happen eventually?
• 20:08
  The person. On one side is eventually going
• 20:11
  to vote to take away right things on the other side, which
• 20:15
  is what I think you're seeing in the modern nation state with
• 20:18
  these giant welfare systems underneath them that they can't
• 20:23
  really afford. They pay for it through money
• 20:25
  printing, which by the way, that.
• 20:27
  Exacerbates the situation much further because it favors easier
• 20:31
  to be given out afterwards. And it actually enriches the
• 20:35
  very wealthy, and it makes the poor even poorer while they're
• 20:39
  getting convinced, but they're actually getting free things.
• 20:41
  It's a very inefficient system. And I love the way that's Fetsky
• 20:44
  put it, because Fetsky was basically like, look, when
• 20:46
  there's a king, he knows he's on the line, right?
• 20:49
  So I thought that was really he. Has the King has accountability,
• 20:52
  more accountability because he has to protect his lineage, his
• 20:56
  grandchildren's grand grandchildren or as as long as
• 20:59
  possible see he's incentivised to take his least day and leave
• 21:02
  as much in the future. And in that respect he has a
• 21:06
  very strong sense of it to to have his very strong private
• 21:09
  property rights. Yeah.
• 21:10
  So, yeah, it's sorry, the sun is destroying me right now.
• 21:15
  No, you're it's 100% true. And it, I never saw it before
• 21:20
  Bitcoin. Bitcoin really was the one that
• 21:22
  really kind of opened my eyes to there needs to be a better form
• 21:26
  of government. I think right now the form of
• 21:28
  government that we have in society is it's not a
• 21:31
  representation of the people, even though that's what they
• 21:33
  sell us on it. No, I agree it's touch the
• 21:36
  subject. Be careful what I say, but after
• 21:39
  reading a lot of Austrian and economics and people like Harper
• 21:42
  and Rothbard, you realize that natural order really has a
• 21:47
  position. And thanks to Bitcoin, I can
• 21:49
  actually, actually happen. I don't think you'll have to get
• 21:51
  rid of the state completely, but we're definitely going.
• 21:54
  There's definitely a trend happening right now where people
• 21:56
  want less states. Yeah, it's it's encouraging to
• 21:58
  people are waking up to this. And the most important thing is
• 22:01
  that like Hopper would say, and I always refer to him as a he's
• 22:04
  also a bit of a conservative as well.
• 22:06
  He understands that family and faith are very essential.
• 22:10
  Like family is this is the unit of civilization.
• 22:13
  It's like, if the families that we're taken care of, then
• 22:16
  civilization does better. And the idea that if you grows,
• 22:18
  like, capital formation comes from people saving money.
• 22:21
  Yeah. And when people save money, that
• 22:23
  that does that, that is that empowers them.
• 22:26
  But also it lowers the time preference of their community
• 22:29
  and in general as well. Yeah.
• 22:31
  And this is something that's been eroded completely away by
• 22:33
  money printing. I want to give a shout out to
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• 22:39
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• 23:28
  Would you even say that it's like conservative ideas?
• 23:32
  Because, you know, before the 20th century, that was how
• 23:37
  things worked for forever and ever and ever and ever and ever.
• 23:41
  It was really like, you could say the Russian Revolution, or I
• 23:45
  mean French Revolution. I was going to say that.
• 23:46
  The French Revolution really is the one I know.
• 23:48
  It's the 1700s central predulation.
• 23:50
  What was the? Enlightenment, right?
• 23:51
  Yeah. So it was like, yeah, Oh my God.
• 23:54
  So yeah, the French Revolution really kind of kicked things
• 23:57
  off. But then it was like the Russian
• 23:58
  Revolution, then the World wars, right?
• 24:01
  That really ended like a lot of the Christian monarchies.
• 24:04
  Ended a lot of monarchies and they pushed for democracies and
• 24:09
  you know, one of the theories was that so those that was
• 24:11
  surrounding the kings, intellectual people that
• 24:13
  surrounding the kings felt like they weren't getting compensated
• 24:16
  or treated fairly. So they they advised kings, they
• 24:20
  advised monarchies to go to to take the more the more
• 24:23
  democratic route so they could they could get the power
• 24:26
  themselves. Yeah.
• 24:27
  And then it's whatever happened in the first world.
• 24:29
  Well, no one's actually quite 100% sure how the First World
• 24:32
  War actually started, what actually was going on there.
• 24:34
  But it feels like there was a big spiritual battle there.
• 24:36
  And after the First World War, we had a few monarchies and
• 24:38
  subsequently the years after that that were abolished,
• 24:40
  including the monarchy, the my family's monarchy as well.
• 24:44
  And it felt like that was almost done on purpose.
• 24:46
  It totally was because democracies, republics and
• 24:49
  democracies, even even even a constitutional monarchy, which
• 24:52
  is still better than I say, the Republic is still open to
• 24:55
  manipulation from outside. Whereas if you have a monarchy,
• 24:58
  you have it's easy. This year it's the monarchies.
• 25:00
  It's harder to infiltrate the monarchy.
• 25:02
  They are more independent. Of course.
• 25:03
  And then they have a response. They have a sense of
• 25:05
  responsibility. Right, this is exactly what was
• 25:08
  what happened in the Second World War when my monarchy was.
• 25:10
  Abolished and lenient, but to to kind of tie that up with with
• 25:15
  War One. This is one of my favorite
• 25:16
  conversations of the day, by the way, and I'm a history junkie.
• 25:19
  So the Federal Reserve was established in 19. 13, yeah.
• 25:22
  And War One started literally two or three years later, right?
• 25:26
  What? Kind of started as the
• 25:27
  monarchical war, ended up as a Fiat, the democratic war.
• 25:30
  Yeah, yeah. I don't think if the central
• 25:32
  bank in the United States it wouldn't, it wouldn't have War
• 25:35
  One, the United States would have got involved.
• 25:37
  So I think it's the one thing to read Safety's latest book.
• 25:41
  It's called the Gold Standard. And what would have happened if
• 25:44
  the Federal Reserve wasn't didn't continue with this plan
• 25:47
  and we were still on gold standard.
• 25:48
  And you'll have you'll find it's it's quite a good, it's quite a
• 25:51
  good read. I read it a little bit before
• 25:53
  it, before it came out in the very early days.
• 25:55
  And it has an alternative history.
• 25:57
  Oh, really? Yeah.
• 25:58
  OK, cool. I got.
• 25:59
  To check it out. It's fantastic.
• 26:00
  It's it's a it's a really it's a really good read as a history
• 26:03
  buff, like as I as I can see that you are you'll really enjoy
• 26:05
  it and I have. To check it out.
• 26:08
  Destruction of the money printer that was the the the ultimate
• 26:11
  money printer created by the Fed as the Federal Reserve is so
• 26:15
  destructive and that if we if that did not continue, we would
• 26:18
  have saved so many lives and we will be living a much better.
• 26:21
  Everyone would be having a much better life.
• 26:23
  It is, you know, it is despicable that my generation,
• 26:27
  the millennial generation, that the the Gen.
• 26:29
  Z generation, that even their own propaganda is getting to the
• 26:32
  point where they're saying you're you'll owe nothing and be
• 26:34
  happy, right. So it's getting absurd.
• 26:37
  The excuses are suffering from inflation themselves, right?
• 26:40
  But the fact that the world has gotten so much more prosperous,
• 26:43
  so much more wealthy, and the fact that there's generations
• 26:47
  that are poorer than their parents, something's wrong,
• 26:50
  right? Like the the equation, the math
• 26:52
  ain't math exactly right? And it all boils down to the
• 26:55
  money. And I think that's something
• 26:56
  that Bitcoiners fundamentally know.
• 26:58
  Price and price of tomorrow, you know that of course technology
• 27:02
  on the deflation, money inflation, yeah, it should be
• 27:05
  going with deflation and. I'm so happy I got to interview
• 27:08
  a Prince today because, you know, we're going down this like
• 27:11
  history rabbit hole. I just kind of connecting the
• 27:14
  dots, you know, government money.
• 27:17
  But if you go to the root cause, it's it's literally Fiat.
• 27:21
  It's it's the central banks that really mess things up.
• 27:25
  And it's crazy because they there was so much resistance for
• 27:28
  so long, but eventually there is just a capitulation.
• 27:31
  I don't know what happened. Well, it infected all
• 27:35
  institutions and everything got corrupts and institutions lost
• 27:39
  their strength and education, for example, became
• 27:42
  indoctrination camps and it weakened people.
• 27:45
  And yeah, it's it stopped people from figuring out the truth.
• 27:49
  And we now in these bad times, we're creating hard men again.
• 27:52
  So hopefully we're hard enough to to get out.
• 27:55
  Of this, we're going to create good times, yeah.
• 27:58
  Well, hopefully our children will will do that as well.
• 28:00
  Prince Phillip, it's been an honour.
• 28:02
  It's been. Thank you so much.
• 28:03
  I really enjoyed this conversation.
• 28:04
  One of my favorite of today. I really like history so.
• 28:07
  Well, let's do it again. Let's do it again, man.
• 28:09
  Fantastic. Thank you so much.
• 28:10
  Appreciate it.