S1: These past few weeks will be noted in the history
S1: books as a turning point in both the world financial
S1: institutions and the exponential growth of AI tools. It's like
S1: an earthquake metaphorically struck the globe. Did you feel it?
S1: Perhaps not. But what the aftershocks from the early days
S1: of 2023 mean for the future of humanity, The direction
S1: of the global economy and the coming next world order
S1: will be felt in the months and years to come. Today,
S1: we welcome our friend Chris Snook back to the show
S1: to discuss this next world order. The forces that are
S1: going to drive our future and how your life will
S1: be impacted. And yes, crypto could play a big role
S1: in it. The Sith Lords are doing their best to
S1: bring us in line with their wishes, but we Jedi
S1: are fighting the fight for freedom and liberty. So have
S1: your lightsaber at the ready and may the force be
S1: with you for this episode number 675. Of the Bad
S1: Crypto podcast. Five.
UU: Four, three, one zero. Ignition Boost. Bad.
S1: Set the Wayback Machine to October 24th of 2018. Five
S1: years ago almost Episode number 197, where we had Christopher J. Snook,
S1: our friend and comrade, on an episode called The Future
S1: of Money prognosticating about what comes next. And he is
S1: back with us today to take a look at those predictions.
S1: You know, was he on track with what the direction
S1: things are going and to look at these five forces
S1: that are propelling us into the future. Chris, welcome back
S1: to the Bad Crypto podcast, sir.
S2: I am super excited to be here. I can't believe
S2: it's been five years. That's nuts.
S1: You look moderately excited. I don't know that you're super excited. Yeah, he.
S3: Didn't. He didn't look inside at all.
S1: I'm really. I couldn't be happier to be here today.
S2: Couldn't be happier to be here. Thanks for having me.
S2: I'm just tempered. I'm tempered because I know we're going
S2: to ramp up.
S3: So we all remember episode number 675 already. I'm so excited.
S3: By the way.
S2: Dude, love 675. That's a solid number.
S1: It's a good number. It's a good number. I don't know.
S1: You know, when you look at numerology, what it means,
S1: but maybe Trav, you can look that up while I
S1: while I ask this first question. So you listened to
S1: episode 197 and prepping for this show. You listen to
S1: it last night. I want to know what stood out
S1: that you know, that you or we said in that
S1: show that was prescient and you feel is like, oh, yeah,
S1: that was spot on.
S2: I think what's interesting is, you know, we talked we
S2: talked a lot about the role that these new forms
S2: of money, i.e. crypto and. All forms, but Bitcoin and
S2: things that we talked about kind of how they were
S2: going to unlock and be and disrupt and create some
S2: new things. I think what stood out to me was
S2: just that it was a it was directionally a great
S2: episode to to listen to. I think, you know, we
S2: got most of the predictions right. I think what you
S2: can't foresee is when the pandemic was going to hit
S2: what what the aftermath of that would look like. And
S2: now we're kind of seeing that play out. I think
S2: there's some disappointment in it. I think in 2018, we
S2: talked a lot about places like Estonia and we talked
S2: about Lithuania because in the time we recorded that, I
S2: had just lived overseas for like 990 days or something.
S2: And we we kind of that stood out to me too,
S2: because it was talking about how we have been hearing
S2: about those places and how progressive they were and how
S2: much infrastructure they had been laying down. And yet when
S2: I was over there on the ground, like unless you
S2: were talking about it with someone, it wasn't like you
S2: were tripping over blockchains or tripping over bitcoins in the street,
S2: which was kind of the impression I had before going there.
S2: And so, you know, we talked a little bit about
S2: those things. And I think what's relevant about that as
S2: we look at today is I think there's a level
S2: of interest that has has ground swelled over the last
S2: five years for sure. I think we've seen a lot
S2: more growth in the number of people talking about these concepts,
S2: the number of institutions that have placed a bet on
S2: the future of things like Bitcoin. And yet the apathy
S2: is probably at an all time high. And I think
S2: that there's, you know, if you wanted to be concerned
S2: about stuff, you could be very concerned right now in
S2: the midst of this current kind of global banking crisis,
S2: if you want to call it that. I think we
S2: I think we.
S1: Are going to call it that. I mean, it's what
S1: it is. And we're going to we're going to delve
S1: into these these five forces that are driving. Trav, did
S1: you come up with what numerology tells us about 675?
S3: Well, 675 would be six plus seven plus five is
S3: equals 18 and one plus eight equals nine. So it's
S3: a good Tesla number number nine if you're doing that.
S3: But number you know what that is?
S2: You know what that is? Number nine is the number
S2: of completion. So maybe this is the last time I'm
S2: ever going to be on the show. Maybe.
S3: Maybe so. You know what's interesting, though, is like we've
S3: had a lot of conversations, Joel and I. And then also,
S3: you know, you and I as well, Chris, around the
S3: everything bubble, right. And how this right here, this and
S3: there's a book called The Everything Bubble. We've read it.
S3: We've been talking about how things are probably going to go.
S3: The financial system is going to be some big cracks
S3: in it eventually. And we've talked probably going to be
S3: some cbdc central bank digital currencies coming in. How's it
S3: going to happen? Little did we know that we were
S3: going to see the huge economic cracks in the system
S3: as the same time as we're seeing these ginormous advancements
S3: in artificial technology and other technology things. It's like it's
S3: like this whirling dervish that's going on right now between
S3: the old world financial system and the new technology system
S3: sort of simultaneously. We're at a pinnacle. It's weird.
S4: Hmm. Well, let's let's take.
S1: A look at these then, because we have in our
S1: show notes, which you guys can check out all five
S1: of these forces that we're going to be talking about
S1: at bad coding forward slash six, seven, five. The first one, Chris,
S1: is you noted that the demographics of the world are
S1: changing pretty quickly, especially here in the United States. Talk
S1: about that.
S2: Rapid fire. We've lived on the last 50 years of
S2: essentially the ME generation, which was 78 million boomers, which
S2: most people have known, kind of investing in the markets,
S2: buying stuff, consuming stuff. And now they are in a
S2: position where through the act, if you don't have time
S2: to get into, they are now forcibly having to withdraw
S2: from the markets systematically each year. And what's interesting is, again,
S2: demographic wise, that was supposed to happen when they hit 72,
S2: they pushed it back last November of 2022 to the
S2: age of 75. Now, the reason they gave was so
S2: that boomers had more time to invest in the market
S2: and pad their retirement. That's one. If you had a
S2: tin hat on or if you're just putting some logic
S2: and reason together, you might think maybe they pushed it
S2: back because they can't have millions and millions of people
S2: withdrawing from the stock market at the same time. Nobody
S2: else is buying into it. Right. And so it was.
S3: 65 years old, then it became 72. Now it's 75.
S2: As of November of last year at 75. So, you know,
S2: so these demographics matter. People don't like to talk about them.
S2: Macro guys argue over them. But at the end of
S2: the day, like, you can't you know, you can't discount
S2: the fact that when you go back 50 years, they
S2: were 25 year olds. Right? And they were looking at
S2: the same thing at 25 year old. Today is in
S2: different time. Right. They were looking at Dow at 972.
S2: They were looking at, you know, bond market in the
S2: double digits and a real savings rate where you could
S2: actually save and earn money. They were looking at affordable
S2: housing compared to their average median income. And so they
S2: were looking at yield curves that weren't inverted and that
S2: were up until the right. And so growth and possibility
S2: and future prosperity, i.e. investing in my future all was
S2: in the asset classes that we've known and love the
S2: last 50 years, Right. Real estate bonds and stocks. And
S2: if you're a 25 year old today, you don't see
S2: those dynamics, right? You got the Dow at all time
S2: highs and it doesn't connect to the actual Main Street
S2: or real economy because multiples are out of control. We've
S2: had 15 years of zero interest rate, well, ten years
S2: of zero interest rate money, 15 years of almost near
S2: free money. And so everything was risk on. And these valuations,
S2: as Travis said, you know, in this everything bubble kind
S2: of blew up every asset class to levels that really
S2: don't make sense and have gotten unaffordable. Rich have gotten
S2: far richer, pandemic accelerated that, you know, with several people
S2: adding $100 billion to their net worth while, you know,
S2: 500 million Pfizer.
S4: Oh, sorry. Did I just I sorry.
S1: I sneeze.
S2: So so I guess, you know, the demographics force is real.
S2: You have a bunch of boomers that are our parents
S2: age and that plan to live for as long as
S2: they can and probably will live longer than their predecessors
S2: because of advancements in science and health. And yet they have,
S2: you know, a dwindling, limited supply of fixed income. And
S2: so what are they going to do? Well, what all
S2: of us would do, if you don't know how long
S2: you're going to live and you have a certain amount
S2: of assets to write it out, you start cutting costs, right?
S2: You sell your second home, you you live with the
S2: used car. And so as you exit the consumer market,
S2: there's there's got to be someone to replace your thrust.
S2: And and right now, you know, we're in a position
S2: where consumers have carried the US economy to the tune
S2: of 70% of GDP for the last several decades. And
S2: we're loaded up in debt. You got 3.9 billion people
S2: on the planet on the other side of the planet
S2: under the age of 39 that are digitally native and
S2: that are kind of emerging markets from Southeast Asia to
S2: what have you. And so there's these interesting shifts in
S2: where the future of consumption will be. Digital assets will
S2: be probably more purchased, whether it's in the form of
S2: skins or avatars or things that people maybe don't fully
S2: understand yet, then physical assets, or we'll buy physical assets
S2: with digital representations of them. And again, how we move
S2: that around the world, how we hold that in our
S2: quote unquote wallet, whatever you think that is, has to
S2: be connected to the three core values, which we'll talk about,
S2: I guess, in a follow up here, because that's another
S2: force of the difference in a 25 year old today
S2: and what they value and why that why that is
S2: a indicator of, I think, where we're going from a
S2: consumptive standpoint. But we'll take a breath and, you know,
S2: kind of talk about whatever.
S3: So Force One, global demographics are rapidly changing. That's true.
S3: I mean, you talk about the boomers and how they
S3: were so big consumers because because it rhymes with boomer.
S3: So you got to be a consumer. And so now
S3: those things are changing. And we're talking one of these
S3: other forces around geopolitics, right? We're talking about some of
S3: this other stuff that's going on. China's going to come up.
S3: But right now, you know, ten was a 15 years ago, 2008,
S3: when we had the other big boom, the financial crisis, then.
S2: GFC baby, the GFC, great financial crisis.
S3: That was the great financial crisis. So what's this one?
S3: The greater financial crisis of 2020. You know, who knows?
S2: Time. Time will tell. But I do think this is
S2: going to be you know, we talked about next World
S2: Order in the title of this. And that's not a
S2: nefarious term. That's just the reality of if you look
S2: back through history, right, every time we get to some
S2: systemic 100 year change or whatever you want to call it,
S2: there is a reshaping of the New World Order and
S2: who is kind of at the top, who is doing
S2: trade deals, with whom, what the what the sanctions are,
S2: all that kind of stuff. And for the last 100 years,
S2: in ten years that we've had the Federal Reserve and
S2: through both the gold standard, then Bretton Woods and then
S2: and then essentially 1971 coming off the gold standard, you know,
S2: as we've moved through this different thing, we've had this
S2: central bank kind of model for the last hundred and
S2: ten years that we take for granted as normal, but
S2: it's 110 years old. And if you look at books
S2: like The Fourth Turning, which you guys have heard me
S2: talk about at nauseam, we kind of are in that
S2: crisis mode of that fourth turning, which is somewhere around 20, 30, 20,
S2: 32 is when we'll hit the peak piece of that.
S2: And what happens in that time period is the institutions
S2: from the last hundred years are either torn down, fall
S2: down or kind of degrade to a level. And then
S2: in parallel, what's happening is for a period of about
S2: ten years, there's this overlap where the institutions that will
S2: rule the next 100 years or the first 50 of
S2: the next hundred years are being stood up and they're
S2: to replace. And there's like all this disarray that happens
S2: in that period, as you can imagine, because the status
S2: quo is kind of fighting to maintain itself. But it's
S2: it's kind of like, you know, it's a it's a
S2: broken down house. Right? It's it's ultimately just going to collapse.
S4: But it's like the movie.
S1: It's like Money Pit with Tom Hanks. Right. You know,
S1: that's kind of how they're treating the the US, by
S1: the way, as you were talking about new alignments and stuff.
S1: I want to point out this tweet just broke that
S1: Putin and it's.
S4: Happening right now.
S1: On Russia China, strategic cooperation. And of course, this empowers
S1: both both Russia and China. But you alluded to how
S1: young people today are valuing things different and want different jobs.
S1: So this is this is force number two, right?
S4: Well, yeah.
S2: So force number two is to simplify, you know who
S2: another favorite author of mine wrote several books connect to
S2: his most recent one. It's called Move His you know,
S2: the three forces that or the three values that kind
S2: of anyone in the wise generations value are in this order. Mobility,
S2: connectivity and community. Right. And if you think about that,
S2: that makes a lot of sense with what you've witnessed, right?
S2: I mean, everything from the me generation has now become
S2: the we generation, including the names of companies that we have,
S2: like we work and things like that, right? So mobility
S2: is that we collapsed.
S5: We yeah, we crashed. But the, you know, the, the.
S2: Thing that stuck behind with all that are these values
S2: that are hard anchored and almost hardwired into their consciousness.
S2: And they're not they're not bad values. Right? Mobility is
S2: one they they don't want to be contained in a
S2: geo a job, you name it. Right. The flexibility that
S2: being digitally native and having this $1,000 supercomputer in their
S2: pocket is given them and platforms from YouTube to what
S2: have you to distribute is this idea that I can
S2: live a life on my terms and I can make
S2: money whether it's a living wage or whatever, doing things
S2: from wherever I want to be.
S5: And so mobility.
S3: That's not just I don't think that's necessarily a Gen
S3: Y or a Gen Z thing because I'm Gen X
S3: and you're Gen X and you you just talked about
S3: spending 90 days over in Estonia. I've spent months here
S3: and months there. And I mean, that's it's so much
S3: better than being tied in to having a mortgage in
S3: some place. You don't you don't want to stay most
S3: of the time. Right.
S5: Well, and and quite frankly, you know, it's.
S2: Also a defensive strategy for those.
S5: People who.
S2: You know, kind of really worry about the uncertainties that
S2: that kind of faces right now. Right. Is the ability
S2: to be nimble is is an actual asset as well.
S2: But you're right. I mean, and I think, you know,
S2: obviously there's been a lot of podcasts talking about with
S2: smart people about this. You know, mobility has penetrated other
S2: generations for sure, including Gen X in the sense that
S2: the pandemic really gave us the ability to finally work
S2: from home in a way or.
S5: Remotely in a way where.
S2: People kind of got hooked on that and don't want
S2: to go backwards. Right. And and that's got its own
S2: pressures on things from commercial real estate to what have you, right?
S2: I mean, if you go to New York today, it's
S2: completely different New York than it was five years ago.
S2: I mean, I literally was in Midtown looking across at
S2: the McGraw-Hill Building from a hotel room, and I counted
S2: no less than a dozen floors that were stripped down,
S2: bare to the bones across the street. And that's one
S2: building out of how many hundreds that that are in
S2: high rises. And those office jobs are not coming back.
S2: And then when you factor in, I again, not jumping
S2: around but jumping, trying to connect these dots for folks
S2: rapidly like when you connect the I exponential change that's
S2: happening in the deflationary forces it's doing on knowledge work,
S2: whether it be accountancy or paralegals or what have you,
S2: tell me who's going to be in those offices then.
S4: Let me let me let me.
S1: Make a point about that, Chris, because we just did
S1: we just covered this on The Bad I show. If
S1: you guys want to check out Bad, I show episode
S1: number four, because what happened this week is Google, Microsoft, OpenAI, Midjourney.
S1: They all took a huge step up today in what
S1: these tools are able to do. And now Chatgpt four
S1: can not only pass the bar but can pass the
S1: medical exams, right? I mean, it's crazy. And I just
S1: read in a newsletter that I subscribe to called Neon
S1: Pulse that according to the World Economic Forum, who we
S1: all love and admire so much, 50% of all employees
S1: will need reskilling by 2025.
S4: That's huge.
S3: We're never we're never going to forget the month of
S3: March 2023, folks, and we're still here in the middle
S3: of it.
S2: And I mean, you know, and this.
S5: This either this no matter.
S2: What happens tomorrow, we won't forget this week. Right. Because,
S2: you know, we've got ECB raised their interest rates.
S5: 50 basis.
S2: Points a week ago. We just saw what happened with
S2: Credit Suisse and UBS on the heels of, you know,
S2: the SVB and Silvergate thing. And then, you know, without
S2: getting into it and all the, you know, economic hit
S2: that may have happened to signature, the fact that Barney Frank,
S2: who wrote the Dodd-Frank Act, was literally quoted yesterday in
S2: the in Wall Street Journal and every well, saying that
S2: there was no reason to shut signature down except for
S2: the fact that they just don't want crypto banks. Like
S2: when you have that kind of stuff happening, it's analogous
S2: when China just goes and says we're going to ban
S2: Bitcoin or ban this because they don't want capital flight
S2: out of the renminbi. Well, they're China. They could do that.
S2: And we say, Oh, that's a bad way to govern people.
S5: The way we do it is.
S2: Is the same. We just call it democracy and do
S2: it with unelected regulators.
S5: But at the end of the day, like, these forces
S5: are real and what they are is they're reactionary forces
S5: to the fact that we have so much changing so.
S2: Fast.
S5: That the smartest.
S2: People in the world, the most thoughtful.
S5: People in the world, are struggling to.
S2: Connect the dots on exactly what to do. But at
S2: least they're thinking about it.
S5: Those in power realizing that the the power dynamic is is.
S2: Even easier to grab than than ever before because there's
S2: so much chaos.
S5: And so.
S2: And meanwhile, like 99% of the world.
S5: Is just walking.
S2: Around, you know, hoping that their real estate stays where
S2: it is and they can keep buying their $7 Starbucks.
S3: Yeah, dude, I actually did this. I was like, Oh,
S3: my God, everything's collapsing. This is crazy. And then I
S3: went outside and I was like, Wow, it's such a
S3: beautiful day. These trees and and the ocean. None of
S3: this snow that the world's collapsing right now. How about that?
S3: It's so nice. Yeah. Maybe I should go outside more
S3: and think.
S5: Think. I think that's actually a really good.
S2: Totally off point, but very relevant, Travis.
S5: Which is.
S2: That we have to remember that, right?
S5: Like we have to we have to not go down
S5: that fear mongering rabbit hole that is naturally.
S2: Human to do.
S5: When we have.
S2: This much uncertainty. Because at the end of the day,
S2: you know, that's the dark side that you're talking to.
S2: Joel in the intro, right? The Sith Lords, that's what
S2: they want.
S5: They want us to be so afraid of paralyzing. We
S5: just follow.
S4: And that's not I am your father. That's right.
S5: And so I think, you know, sometimes sometimes the healthiest
S5: thing we can do.
S2: Is even if we're super excited about all this innovation
S2: and we're riding, the wave of it is to make
S2: sure we get outside and get into nature, make sure
S2: that we realize that that sun's been coming up a
S2: lot longer than we've been on this rock, certainly a
S2: lot longer than there's been central banks or decentralized currencies.
S2: And at the end of the day, you know, innovation
S2: and art is like water, in my opinion, right? It
S2: always finds its level. You can't invent things.
S5: Like once something is in the market, you can't invent it.
S5: So whether you like it or not, whether it was
S5: good or not, whether.
S2: The unintended consequences were bad or not, you have to
S2: find a way to live with it, because once it's invented,
S2: you cannot.
S5: Invent it. And and so a lot of the solutions
S5: that we need are readily available.
S2: But we have to realize that these forces are causing
S2: people to anchor into their corner. And that's kind of
S2: what's going to happen for the next probably 5 to 10.
S3: So make sense. So that kind of covers force number three.
S3: Then you kind of covered that while we were chatting
S3: with that. It's like exponential technologies disrupt and destroy before
S3: they create. That's kind of force. Three one people listening
S3: back at home to make sure they get that that
S3: bullet point. So that pretty much covers that. Here we are.
S3: I a lot of this stuff's going away.
S1: There's something that dawned on me, two guys that as
S1: we were talking about Force three and I just tweeted it.
S1: You know, for years we've joked about, you know, for
S1: people who are losing their jobs because minimum wage is
S1: pushing up. And and, you know, bots are able to
S1: do the job. We've said learn to code. Well, guess
S1: what Turns out that was bad advice yeah.
S4: Prompt.
S3: Learn that learn to be a prompt engineer.
S4: Learn.
S1: To prompt.
S4: Is better.
S5: And I think you know, and Travis had a tweet
S5: the other day I saw that I thought was really interesting.
S5: It was kind of your typical kind of play on words,
S5: somewhat joke, but serious.
S2: And it had something to do with, you know, in 2021.
S5: And 22.
S2: We're all excited because essentially nfts and blockchain were liberating
S2: creatives and giving them a path to income. And then
S2: in 2023, I basically just took it all away, right?
S2: Like now it's not necessarily 100% true, but I liked
S2: how you tweeted it. I thought it was, you know,
S2: a very.
S5: Astute kind of.
S2: Juxtaposition of these forces in real time. Joe, you said
S2: something to that I.
S5: Think is relevant earlier, which was that you quoted, I
S5: think it was World Economic Forum or someone about 50%
S5: of workers need to be reskilling. The arrogance of us.
S2: Saying things like need.
S5: To be re skilled is is so far from.
S2: Empathetic that that.
S5: Again I just think we have.
S2: To get better.
S5: Right As a society.
S6: You don't need to be re skilled or they need
S6: to take the job booster.
S7: One of the two.
S5: We just we just have to get more empathetic. You know,
S5: nobody needs to do anything right in a free society.
S5: People don't need to do anything if if they need to.
S5: Do you know, there's a saying one of my mentors
S5: had years ago, he said, you have to until you
S5: want to and then you don't have to anymore. Right.
S5: And I and I think there's a lot of real
S5: wisdom in that, which is if you tell somebody they.
S2: Need to do.
S5: Something, you might as well just like they're not going
S5: to do it right.
S2: It doesn't.
S5: Matter if.
S3: We don't have to be having this conversation. We like
S3: to it's interesting to us and we hope that it's
S3: interesting to the people who are tuning in and listening
S3: because we like to share this information with you. You
S3: want to tune in and listen. No, you need to.
S6: You must subscribe now. You must hit the notification bell.
S6: It's must.
S5: Or not. I mean, that's that's.
S2: You know, that's a whole other whole other conversation. But again,
S2: I thought I thought that was a really.
S5: Important thing that you said because we don't need to reskill.
S5: We have.
S2: The opportunity.
S5: To reskill. Those who don't reskill will have.
S2: To somehow be subsidized.
S5: And so the force.
S2: Mechanism is if they don't want to get re skilled,
S2: well then we've got to all deal with it right
S2: as society because that.
S5: Means 50% of the jobs that you know are.
S2: Going to be gone over the next 3 to 5.
S5: Years will be replaced in ten, but there might be a.
S2: Five with jobs we haven't invented yet, by the way,
S2: but there might be a five year gap there where
S2: we don't.
S5: Know even what those things are.
S3: So is that for for like we have to rapidly
S3: learn to teach ourselves and our children to think original thoughts.
S3: That's not necessarily learning new skills.
S2: No, that's.
S5: It's a segue to force four which is. Henry Ford
S5: said it. You know, the thinking is.
S2: The hardest work.
S5: A human being can do.
S2: Which is why so.
S5: Few do it. We've got it.
S2: Even harder than when Henry Ford said that 107 years ago.
S2: Because we think we think. But this is actually doing
S2: the thinking for us through algorithmic behavior modification.
S5: So, you know, we've got a compound.
S2: Effect there, too, which is we think we're smarter than
S2: we are. We think we're.
S5: Thinking we've got.
S2: Still industrial institutions, which, oh, by the way, I and
S2: and all these.
S5: Things are going to force.
S2: Into bankruptcy. I mean, like.
S5: 30, 30 to 40%. I've seen predictions whether they're right
S5: or not. It's not the point of.
S2: Higher education.
S5: Institutions will be insolvent.
S2: In the next five.
S5: Years because they won't.
S2: Have students.
S5: Like why would you go to school if all you're
S5: going to do is teach me to memorize.
S2: Shit.
S5: Right when I can go to charging before, have a
S5: five minute.
S2: Conversation and I can crank out something that.
S5: McKinsey spent hundreds of thousands of dollars on. Right? Like
S5: what I need to be able to do is think
S5: because what human beings can do.
S2: Is they can feel.
S5: They can't write. Human beings can, can emote. I can't.
S3: Human beings can also fart, which is good. It's necessary sometimes.
S4: Guys.
S5: We they can definitely.
S3: Jolt is working on I fart three though so soon
S3: will be able to fart.
S5: 3.5 fart.
S8: Yeah.
S4: Smell can.
S1: Teaching people to.
S4: Think for.
S1: Ourselves. You know in this day and age where it
S1: used to be that the media, at least in Western civilization,
S1: would report on the news and allow people to kind
S1: of frame for themselves what this means. If, you know,
S1: if you're not awake, it you don't realize this. We
S1: are full blown propaganda now from our mainstream media. They
S1: are telling us what to think about what's happening and
S1: framing things in such a way that the news is incomplete.
S1: It's not even up for debate. It's demonstrable, it's provable.
S1: And if you turn on the news and you just
S1: suck up what they're telling you, you are being mind controlled.
S1: And so how do we break free of that? Is
S1: is is Twitter, you know, where Elon Musk says, hey,
S1: you know, free speech is for everyone? Are these alternative platforms?
S1: Do we need new media? How do we fix this
S1: problem to encourage people questioning everything?
S5: Well, and that's exhausting in its own right. Right. I mean,
S5: you know, Edelman's.
S2: Trust barometer, which I.
S5: Subscribed to every single.
S2: Year, I look at it and I find it interesting.
S2: When Travis and I first wrote digital since it said
S2: trust was in bankruptcy back in 2017.
S5: This year, their headline, for all their research said default
S5: distrust is the default. So in 2023.
S2: Coming into it or 2022 report, whatever the most recent.
S5: One was Edelman Trust Barometer said distrust is the default.
S5: I don't think that surprises anybody.
S2: But but again, if we think about, well, wait a minute,
S2: what does that mean?
S5: What that means is we're questioning everything already, right? So. Well, we.
S3: Should wait one second on that. The CIA director, William Casey,
S3: he actually said this back in the early 80s. He says,
S3: we'll know that our disinformation campaign program is complete when
S3: everything the American public believes is false. Yeah, they're creating
S3: and sculpting our narratives for us. They own the media companies.
S3: They tell them what we want to know. Oh, this guy,
S3: this people did this. We're not going to talk any
S3: about that. Like, we're not going to release any of
S3: this information that should be released. Just lying. MAXWELL We're
S3: not going to talk anything about this laptop. We're not
S3: going to do anything about this. Oh, but this over here,
S3: let's all focus on this over here. And so the.
S6: Misdirection and.
S3: Disinformation is just such a complete apparatus at this part
S3: at this point that is just really hard for somebody
S3: who doesn't know how to think to actually be able
S3: to maneuver through the scenario.
S5: Well, and I mean, again, thinking is thinking is a practice.
S5: It's an.
S2: Exercise and it's questioning our.
S5: Own assumptions. It's literally.
S2: Being willing to.
S5: Be wrong right before.
S2: We're worried about whether someone else is wrong. My opinion
S2: is it's.
S5: It's willing to wonder if we're wrong. What if what we.
S2: Think is inaccurate? What if.
S5: We believe something that doesn't.
S3: Analysis on myself? And I've come to the conclusion that
S3: I'm completely correct. Thank you. Next question.
S5: Next question.
S2: You know, but mean again.
S5: Example of it is, is like.
S2: If you were just a question something.
S5: You go, well, what's a what's like a.
S2: Logic pattern.
S5: You might use?
S2: You'd say, okay, so what I heard about about Bitcoin
S2: and crypto is it's highly volatile. That's what I've heard, right?
S2: If I'm, if I'm just tuning in to the mainstream.
S2: So is that true? Is that false? Well, if you
S2: look at the pattern, you could you could say, yeah,
S2: I mean, the data says it goes up by 50%
S2: and it comes down by 30%. You could call that
S2: volatile by any reasonable thing. It was at 69. Now
S2: it's a, you know, 28 or whatever, but it hit
S2: as low as 16. So I had a 67% fall.
S5: But then you hear.
S2: About Tesla stock and.
S5: You hear about Microsoft.
S2: You hear about these things. And and you know, you
S2: look at those math and they're roughly the same. They
S2: had a 67, 70%.
S5: Drop off last year.
S2: Right. Or at the end of this year. And then
S2: you look.
S5: At this week and First Republic.
S2: Bank gets a $30 Billion injection from 11.
S5: Of the biggest banks in the world, including.
S2: Chase. And their stock falls 87% in a matter of days.
S5: What's more volatile than that? Like, again, if it's all volatile.
S5: Then I could think and I could.
S2: Go, okay.
S5: So which one of these things is at the.
S2: End of its 100 year cycle or at.
S5: The beginning of the next hundred years cycle?
S2: Which one of these things might be.
S5: There if bank stocks get hammered in the stock market
S5: for the last three weeks?
S2: Regardless of the reason, forget why. And every time.
S5: The stock market has crashed in the last.
S2: Five years since I was last on the show, Bitcoin.
S5: Crashed with it. But this time this week, everything crashes
S5: and Bitcoin's up 75%.
S1: Yeah, because there's there's not the hedges that there were before.
S5: Maybe. Maybe something's.
S2: Maybe maybe something's happening.
S5: Maybe there's something I should pay more attention to.
S2: Maybe I should finally try and really.
S5: Understand what this thing called Bitcoin does.
S2: That doesn't mean I should buy it doesn't mean I
S2: shouldn't buy it, not make an investment advice. What I'm
S2: saying is maybe it's time to think.
S5: About do I know how it actually works or do
S5: I only know what I've heard? And maybe I should
S5: be interested.
S2: Maybe not. Me too. I don't need to. But maybe
S2: I want to learn a little bit.
S1: Thinking for yourself is never a bad idea. So that's
S1: number four for number five. Kind of goes back to
S1: we we kind of gave a picture of what this
S1: looks like as we talked about Russia and China signing
S1: a deal. Geopolitics is the tinderbox. Right? And, you know,
S1: we've got this war and Ukraine and honestly, I'm not
S1: putting Ukraine flags up on my Twitter profile, not because
S1: I don't support the Ukrainian people, but everything I've read.
S4: Tells me they're all bad.
S1: Russia and Ukraine is just, you know, rife with scandal
S1: and innocent people are being treated like pawns and dying
S1: on both sides. And I don't think we know what's
S1: really going on over there. So, you know, combine the
S1: lack of knowledge with the volatility of what's going on
S1: in these wars and we have one hell of a tinderbox,
S1: don't we?
S4: Yeah.
S3: When I say lack of knowledge and an obsessive amount
S3: of self-righteousness in a lot of cases, right. It's like,
S3: I don't know anything about this, but by God.
S6: I know it.
S3: All right? A lot of there's a lot of that attitude,
S3: it seems.
S5: And again, I think to tie some of this all together. Right.
S2: I think we could.
S5: Say we have a pretty good idea what's.
S2: Going on over there.
S5: What's going on over there is the majority of humanity.
S2: That is involved in either one of those sides is suffering.
S2: If you're a mother of a Russian child right now,
S2: you are suffering because.
S5: Your kids.
S2: Are being shipped off to.
S5: Be basically.
S2: Executed. If you're the if you're a.
S5: Ukrainian family, you are suffering.
S2: And again, back to empathy like.
S5: We have a handful of of we have this notion
S5: that we're protecting our sovereignty or protecting our countries. And,
S5: you know, every country's right from their own perspective.
S2: Right. Putin's right from.
S5: His own perspective and wonder how batshit.
S2: Crazy it may be.
S5: He's right from his own perspective.
S2: And so was Hitler, by the way. Right. From his own.
S5: Perspective. But that doesn't mean that. Again, it doesn't mean
S5: that it's like it's a good perspective. It just means
S5: that you're trying to convince someone of a different perspective
S5: and all they're trying to do is control and hold
S5: on to more of what they have, right? And in
S5: the name of whatever their country or their flag is.
S5: The majority of people there are no different than the
S5: majority of people here. They want things that their government's
S5: not willing to give them. Um, and I'm not saying
S5: that government is evil because government is essentially.
S2: The reflection of, of, of the people and what they've
S2: paid attention to or what they haven't. But when the,
S2: when there's.
S5: Been a monetary controlled interest across governments.
S2: Then you don't typically.
S5: Get representation.
S2: At the levels that you'd like. And these are usually
S2: when revolutions happen, both internal and external.
S5: And right now the sad news.
S2: Is that.
S5: We have never come through, at least in the last
S5: 100 years. We've never come through a crisis period without
S5: going through some form of armed world conflict. And, you.
S2: Know.
S5: 100.
S8: A question to that.
S3: Though, is how much of that armed conflict was part
S3: of the greater plan to get them to move society
S3: to the way that that the elites kind of want?
S3: And that's like a lot of times it's like war
S3: is very profitable for the few that it's profitable for.
S5: Well, I mean, and again, the incentives, the incentives.
S2: And all that stuff, that's a whole other conversation. But
S2: the incentives matter and everything, right? The incentives around media
S2: are about clicks and views and and salacious stuff and
S2: polarizing stuff is the only thing that gets that anymore.
S5: So that's why.
S2: We have propaganda at nauseam versus news, right? Because facts
S2: don't sell. Right.
S5: And so, you know, the these things happen.
S2: And how do you how do you fund deficits and
S2: how do you do that? Well, you you create either
S2: war or you focus on environmental stuff because it's the
S2: only thing that has an unlimited spend. Right? Like when
S2: we had a hole in the ozone layer 30 years ago,
S2: we couldn't really quantify how much it was going to
S2: cost to fix. So it's the perfect thing to invest
S2: in because you know that rocket.
S5: Oh, you know, or war is the same way, right? Oh,
S5: that missile that missile is going to cost that $150
S5: Million apiece. Right.
S2: Like it's all made up out of thin air.
S5: To fill whatever gap in the balance sheet needs to
S5: be filled. And that's the scary thing, is that this time, though,
S5: we do have some real political and ideological.
S2: Things happening.
S5: That.
S2: Will.
S5: Be very.
S2: Interesting to see how they play out. And, you know,
S2: I hope that if we truly believe in the best
S2: of humanity and.
S5: What this country stood for from its foundation, that will
S5: we'll find a way to compromise or we'll find a
S5: way to find a way forward that.
S2: Doesn't include us. You know, doing the bad stuff because.
S5: But, you know, we may not have a choice.
S2: We may be forced into the bad stuff. And, you know,
S2: we're dealing with unstable people.
S5: On on.
S2: All sides, it seems like.
S5: So including.
S4: Here on.
S1: The show. There's seriously unstable.
S4: People. Yeah, right. Yeah. Yeah. So. So these are all
S4: really good points.
S1: Let's bring it together with a positive conclusion. You know,
S1: the question is, so how then shall we live? What
S1: do we do about this person?
S4: Yeah, I think.
S5: I think, you know, because we're all we're all people
S5: that kind of try and focus.
S2: On the positive. First thing I.
S5: Would say is, you know, in the universe, there's there's
S5: several laws.
S2: That you can't violate. Gravity's the one everybody's familiar with. Right.
S2: Doesn't matter if you're a good person, bad person, if
S2: you're freaking, you know, Joseph Stalin or if you're freaking
S2: Mother Teresa, you walk off a building, you're hitting the ground. Right.
S2: That's a universal law. Speed limits you can violate. If
S2: you don't get caught, you can get away universal laws,
S2: you violate them, you pay the price. Doesn't matter who
S2: you are. And one of those laws is the law
S2: of polarity. Right. And that says that you can't have
S2: left without. Right. You can't have up without down there.
S2: There's a fundamental.
S5: Two sides to.
S2: Everything. So everything we just spent the last five minutes
S2: talking about is all the really scary bad shit that's
S2: going on in the world with people.
S5: That are maybe overly powered.
S2: And maybe overly narcissistic and all the crazy things that
S2: are they're running 8 billion people's lives. And on the
S2: other side of that coin is that I just spent
S2: two weeks in Europe and I was running around and
S2: we were just talking about people.
S5: Suffering.
S2: And we're talking about people living lives and walking outside
S2: and smiling. And I saw a lot of that. And
S2: I think, you know, these technologies that allow us to
S2: have sovereignty over our money, like a Bitcoin or maybe
S2: over our identity down the road with decentralized ID or
S2: maybe over our assets and our and staying with the
S2: revenue streams of our art like Nfts. Over time, these
S2: things create fundamental possibilities. These these AI technologies now democratize
S2: access to create world class stuff. Yes, it replaces the
S2: jobs at Disney and studios and things like that, but
S2: it also gives somebody in the middle of nowhere the
S2: ability to create a badass.
S5: Piece of anime or culture from a mobile phone. So
S5: I think what what we have is we have probably
S5: the most important.
S2: Decade of humanity's 10,000 some odd years. I think this month,
S2: March of 23, will go down as a really pivotal
S2: month and kind of what happens over the next decade
S2: or kind of the catalyst and like a turning point.
S2: Hopefully that turning pointing good. But I think anyone listening
S2: to this this.
S5: Long is trying.
S2: To figure out how to be part of the positive
S2: side of that equation. And the way to do that.
S5: Is, again.
S2: Want to create a better life for yourself and want
S2: to learn about these tools, not because you need to,
S2: but because they can unlock possibilities for you in a
S2: world where possibilities that you thought were going to be
S2: there maybe evaporating.
S3: The wild time. Thank you so much for coming on
S3: the show, Mr. Chris. If you want to hear actually
S3: hear more of Mr. Chris, you can tune in to
S3: our podcast. Mr. Chris Snook and I do the Web
S3: three show excuse me. We do the Web three show
S3: and sometimes we're live at the New York Stock Exchange.
S3: Sometimes we're not. But we're having some great conversations, having fun.
S3: So make sure to check out our YouTube on that.
S3: And what else, Mr. Yocum?
S1: Well, we appreciate you guys. And if you wouldn't mind
S1: giving us a review, we would really appreciate that, especially
S1: if it's five stars. If it's funny, we'll consider it
S1: a six star review. Just go to iTunes or wherever
S1: you listen that accepts reviews from listeners and go ahead
S1: and put that in there. Make sure you subscribe. Ring
S1: the bell, tell a friend and we're going to do
S1: something really unusual in this episode. We're going to let
S1: our guest take us home. Mr. Snook, what have you
S1: got to say?
S5: Well, first of all, I want to just acknowledge both
S5: of you guys for a tremendous.
S2: Effort these last six years with bad crypto podcast, bad Media,
S2: now bad. I you have been consistent. You have been studying.
S2: For those of you who have.
S5: Listened for.
S2: Any length at that time, I think you'll be the
S2: first one to agree with me that your life is
S2: better because of it. So to close us out, if
S2: you want your life to be.
S5: Better, like subscribe share.
S2: This podcast, Bad Crypto Podcast bad.
S5: I share these guys with who you know. Stay back.
S9: Who's that?
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